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=aHUoMmKDLUIPeter Zeihan is a very intelligent and original philosopher and futurist, but I disagree with many of his conclusions.
Yes, China has a very large population. So far, however, China has been very successful in meeting all strategic challenges. The history of China is 5,000 years old. China is incredibly antifragile (to use the terminology of the philosopher and writer Nassim Taleb).
The situation is similar with Germany. Germany is a great country in which people are very smart, disciplined and focused on the development of scientific and technological progress. Such a country will never abandon the industrial path of development and switch to growing vegetables.
As for Bitcoin, its significance for Humanity is enormous. In the context of the collapse of globalization, only Bitcoin and cryptocurrencies can provide economic interaction between citizens of different countries.