The Bitcoin Adoption Letter

The Bitcoin Adoption Letter

The 150 Terawatt-Hour Ghost

Daniel Batten
Aug 12, 2026
∙ Paid

When I was in Lisbon recently, I watched Bastien Desteuque walk onto a stage and make a claim so large that the room went quiet.

Bastien is the director general of INBi, Institut National de Bitcoin (France’s national Bitcoin institute), and he’d flown in with a slide deck and a thesis that sounded impossible.

He said France, acting alone, could double t…

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