White House Attacks Bitcoin Miners (Your Industry Is Next)

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In this video, I discuss the White House attack on Bitcoin mining in the form of the proposed DAME tax on the electricity used by Bitcoin miners.

Not only will this tax drive Bitcoin miners to countries with dirtier grids, it is an unfair attack on a completely legal and legitimate industry that provides jobs and tax revenues.

Usage of basic utilities like electricity, water, internet, etc should not be politicized. If a political party imposes special taxes on industries that they don't like, they should be ready for an opposing political party to do the same thing to them when they retake power.

Is this really how a government should interact with an economy? Does this provide a stable backdrop and rule of law that allows for businesses to make good long-term capital allocation decisions?

No, it doesn't.

Not investment advice! Consult a financial advisor.

How Bitcoin Mining Helps The Electric Grid:
https://www.youtube.com/watch?v=ruSAOqEfCiE&ab_channel=BitcoinUniversity

Why Bitcoin Mining Is Good For The Environment:
https://www.youtube.com/watch?v=-j4cXA09Dz0&ab_channel=BitcoinUniversity

NYT Attacks Bitcoin Mining (Hit Piece):
https://www.youtube.com/watch?v=BY8D0Eus4LA&ab_channel=BitcoinUniversity

The proposed DAME tax on Bitcoin mining:
https://www.whitehouse.gov/cea/written-materials/2023/05/02/cost-of-cryptomining-dame-tax/

SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator

Operation Choke Point:
https://en.wikipedia.org/wiki/Operation_Choke_Point

"If the government doesn’t like how you use energy, you will be penalized":
https://twitter.com/tommapes88/status/1653564180656529410

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Bitcoinmining
#Biden

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Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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