The source argues that electricity, specifically the kilowatt-hour (kWh), is rapidly becoming the new base currency of the global economy, replacing assets like the petro-dollar due to the demands of the all-electric, digital age powered by industries and artificial intelligence. This shift is highlighted by the strategic actions of China, which views electricity as a foundational national asset and is securing its supply through massive renewable energy deployment and total state control via monoliths like the State Grid Corporation of China (SGCC). China uses centralized control and differential pricing policies to subsidize key strategic sectors, particularly AI firms that use domestic chips, essentially “spending” its cheap electricity to fuel strategic industrial growth and cut foreign reliance. Furthermore, the source asserts that China’s 2021 ban on cryptocurrency mining was a move to reclaim the state's monopoly over this critical resource by eliminating a wasteful, competing consumer of the electricity currency, while still embracing blockchain technology as an essential ledger for managing the energy economy.

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