alt Hacker NewsIt's just one piece of the puzzle. The cost for Co2 certificates is a more major reason. Starting 2027, hedge funds can buy these certificates which will be the nail in the coffin. It's basically Bitcoin on steroids with the difference that people buy Bitcoin out of free will, while the industry is forced to buy these certificates which get more scarce over time.
Anyone can already buy those certificates - but as its an artificial market where rules can be changed politically it's actually way more resistant to such things than regular markets, so if those hedge funds feel like they want to lose some billions they can certainly do that. There is a large enough stockpile of certificates + leeway when to submit them that any short term market squeeze will just be dealt with politically.