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Viewpoint: Bitcoin Is Becoming a Key Player in the Global Energy Debate

2026.03.05 21:03:43

March 5 — MEXC Chief Operating Officer Vugar Usi Zade said that as governments worldwide increasingly “weaponize” the energy market, Bitcoin is rapidly evolving from its original neutral technical protocol into a strategic asset with geopolitical significance. More and more countries are tapping into excess energy to develop Bitcoin mining and viewing hash rate as a new form of national soft power. Examples include: - The U.S., leveraging its renewable energy edge, controls roughly 37% of the global hash rate; - Russia holds about 16%; - France is exploring using excess nuclear energy for mining; - Nations like Ethiopia, Norway, and Iceland are attracting mining investments via their hydropower and geothermal resources. Usi Zade noted that amid some countries building strategic Bitcoin reserves and supporting domestic mining industries, Bitcoin is gradually shifting from a “cyberpunk experiment” to a national-level industrial policy tool. Going forward, countries that can translate energy advantages into hash rate and Bitcoin reserves may gain greater financial influence in the new global resource competition.
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