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> The US just cannot build cheap energy

Nuclear power anyone?

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Cheap.
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What is expensive in nuclear energy? Reason there is not more of nuclear reactors is not the cost, it is regulation. Regulation can be changed (it also seem to already have, recently, IIRC - starting 2024 NRC law changes by Biden admin and later by Trump admin)
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Same as bitcoin then.
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If the cost of software development falls so precipitously that energy costs are a driving factor, that implies so many other changes that I don't know how we can trust any analysis of what would happen.
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You mean coal?
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