One reason they don’t like bitcoin is because they are afraid of this unexpected fast growing new demand would destroy their vision of net zero by 2050.

Fact is bitcoin mining is the most tolerant electricity demand towards unstable green energy. It has the full incentive to speed up wind and solar infrastructure. As more and more miners join the game, the mining algorithm also pushes miners to find the most efficient energy sources which are wasted, abandoned, and unused like methane, remote hydro, and grid low peak makeup.

Bitcoin mining doesn’t need to be pure new demand on top of existing, it can be a shadow demand that makes energy grid a whole.