#BTCvsMarkets

🚨📣: Demand for Bitcoin mining in Paraguay could lead to a potential energy collapse by 2029, according to the Paraguayan Industrial Union (UIP).

The country's electricity is primarily generated by the Itaipu Dam, which produced 83,879 terawatt-hours in 2023.

The union warns that if demand continues to rise without increased power generation, power outages could occur.

To avoid this, the IUP proposes using Argentina's natural gas export deal with Brazil to provide a corridor and build energy infrastructure.

Despite the government's hostile policies toward mining, companies like Hive Digital are expected to increase their capacity.