That's why BTC is Dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)
It should be the way you think, if Bitcoin can't be mined because of the energy crisis, Bitcoin will be increasingly difficult to obtain, then most likely the price of Bitcoin will be higher. Is it logical?
What if bitcoin can't be mined because governments and their climate change agendas will fight against it with regulation?
They can't regulate blockchain technology but they can regulate the exchanges. This is what MiCA law is currently outlining as part of the regulation by the EU.
Not a lot has been leaked. This is expected in 4 weeks. But what if the regulation says "Since bitcoin mining is energy consuming, exchanges must now prevent transactions in BTC"
The EU will also ask exchanges to verify all transactions and stop money laundering.
If they can't live up to those demands, I expect some to be taken out of business.
I'm not investing anything before regulation is out there, and analyzed thoroughly.