VanEck CEO: Accelerated nuclear power approvals may simultaneously boost AI and Bitcoin

Jan van Eck stated that allowing more nuclear power projects can simultaneously boost AI and Bitcoin: on one hand, it raises the value of AI, and on the other hand, it alleviates the selling pressure on Bitcoin by providing cheaper energy for miners. There is strong bipartisan support for nuclear energy in the United States, with the goal of increasing nuclear power output to four times the current level within 25 years, as evidenced by the accelerated restart of the Three Mile Island nuclear reactor.

Matthew Sigel, Head of Digital Asset Research at VanEck, stated that miners holding long-term power contracts and infrastructure have undervalued option value; if miners shift to AI contract revenue, the pressure to sell Bitcoin will consequently decrease.