It’s not too hard to see why cryptocurrencies were flying higher as Donald Trump prepared to take the helm. To be sure, Trump vocally and emphatically supported decentralized digital assets throughout the campaign trail. However, it’s the policies and overall favorable environment that helped catapult sentiment for the ecosystem.
Let’s be real: cryptos and more specifically the underlying blockchain-mining process consumes an enormous amount of energy resources. In fact, rolling blackouts in Iran’s capital and outlying provinces last year were pinned on crypto mining, at least according to some observers.
