“As materials’ cost balloon the way they have these past couple of weeks … I can’t continue to sell them at the prices that I was before,” said Isabel Dennis at KIMA Jewelry.
Bitcoin backers argue that the cryptocurrency should be immune from the inflationary impacts of tariffs or eroding faith in the U.S. dollar. Others are skeptical.
The country has an ambitious goal to reach $12 billion in mining exports in 2023, but industry leaders say they can’t get ahead without reliable electricity.