Honestly with the Trump government right now and the pending trade war, this might be good for Bitcoin. It's supposed to be a store or wealth that you use to buy other cryptos like monero to spend.

This is not good for the environment because crypto mining is second only to AI model training in useless expendenture of natural resources and pollution.

But ironically, and I say this with no joy. This could be good for Bitcoin and that's bad for us all.