Price and reliability of electricity could play a role when it comes to where they locate. On that front, we probably looked a lot better before that big winter storm in February. We’re making up for it now with friendly political overtures to the big Bitcoin miners. I would think they’d prefer to go where they are warmly welcomed.
Canada has some very cheap energy with all that hydro power. They also have a history of wide open low regulation Wild West style stock markets. If Canada has an equivalent to the SEC, I don’t think it actually does very much. As a neighboring country that has favored low regulation in capital markets (despite high taxes and a robust welfare state), I could see them being very friendly to all sorts of crypto, and loathe to regulate it. I can see them competing well.
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Agree x 1
Last edited: Jun 19, 2021