According to Dan Held, mainstream media coverage of Texas’s independent power grid failures in 2021 was notably harsher compared to similar incidents in California and Europe with interconnected grids, where outages are framed as routine problems or accidents (source: Dan Held, Twitter, April 28, 2025). For crypto traders, this media bias is important as regulatory perception and public sentiment can influence local energy pricing, grid reliability, and miner operations, directly affecting transaction fees and network security for Bitcoin and other proof-of-work cryptocurrencies. Traders should monitor ERCOT’s grid performance and local policy shifts, as Texas remains a major hub for crypto mining impacting hashrate and potential volatility in mining-related tokens.