Headlines this week include Russia shutting down the Nord Stream 1 pipeline, new highs in European energy prices, Germany’s $65 billion energy relief plan, Russian legislation to legalize cryptocurrencies for payment in international trade, a new report on the energy implications of crypto-assets from the White House Office of Science and Technology, movement in OG Bitcoin whale wallets, Poolin’s suspension of withdrawals, a new report on Bitcoin mining from Arcane Research, Michael Saylor on the Lightning Network, and Prince Philip of Serbia joins JAN3 as Chief Strategy Officer.

This week’s guest commentator is Alex Epstein, author of Fossil Future and The Moral Case for Fossil Fuels. For this week’s Hard Money Report we continue our exploration of the ongoing energy crisis and examine how Bitcoin can help to stabilize energy grids and make for a more energy secure future.

Chapters:

00:00:00 “Hard Money” Intro 00:00:35 World Macro News, the ongoing Energy Crisis, and Russian Crypto Regulation 00:02:55 Bitcoin Headlines 00:08:01 Alex Epstein Interview 00:16:33 Impending Energy Crisis: Why Bitcoin Encourages Energy Usage 00:23:06 “Hard Money” Outro