Im a fan of Peter Zeihan and in general agree with many of his arguments, such as China collapsing by 2030 due to demographics and Germany falling down the economic ladder fast due to its reliance on ever-more expensive fossil fuels. So that's why Im torn on his views on crypto - hes usually right.

He goes on to say "crypto is the poster child for the environment from 1990 - 2022 when we had unlimited volumes of capital. Now with that the money is going away, crypto is going away"

My take on this is that yes, while there will be less capital going forward, fiat is still created at the whim of commercials banks, therefore the idea of a digital cash that cant be debased is a powerful one. On future carbon taxes, which I agree with, the bitcoin network can easily operate on a fully renewable grid - the problem with renewables is they are intermittent and the energy requires storage. Neither of these limitations apply to the Bitcoin network.

at 53min 20 - https://www.youtube.com/watch?v=aHUoMmKDLUI