Kadena Exec Evan Owens Predicts Bitcoin Mining Energy Takeover — Can BTC Break the $88,274 Barrier?

Bitcoin mining is evolving beyond securing transactions. Evan Owens, VP of Business Development at Kadena, believes miners will transform into energy companies within a decade. He argues that mining will help rebuild America’s energy infrastructure and support developing nations. Kadena’s Chainweb system improves proof-of-work (PoW) efficiency, reducing energy consumption. 

Owens also highlighted startups like Crusoe Energy, which uses wasted flared gas to power mining rigs. He believes people misunderstand mining’s potential, saying, “People have completely mistaken what the impact of miners is gonna be.” Instead of harming the environment, miners could become key players in renewable energy systems, influencing Bitcoin Price Prediction and shaping Bitcoin market trends.

Kadena’s Vision for Bitcoin Mining

According to Owens, the industry is misunderstood. “Bitcoin miners today are obviously mining Bitcoin, but in 10 years, they’ll be energy companies, and Bitcoin mining will be a small part of that,” he told TheStreet Roundtable. He believes miners will help rebuild America’s energy infrastructure and support developing nations. Kadena, built by ex-J.P. Morgan developers, has optimized PoW mining with its Chainweb system. This multi-chain model allows multiple PoW chains to run in parallel, making mining more efficient without compromising security. “Our miners use far less energy than even Bitcoin proof-of-work miners,” Owens noted.

Bitcoin Price Prediction: Bulls at $88,274.41 Resistance

The trading day of March 20th began with buyers pushing the price upward. A death cross at 2:00 UTC signaled potential bearish momentum. However, oversold conditions at 3:10 UTC and 3:35 UTC helped the price find support at $87,029.58. Buyers stepped in, and a golden cross at 4:00 UTC suggested an upward trend. The price met resistance as overbought conditions formed at 6:55 UTC and 7:45 UTC, with resistance at $88,274.41. At 8:05 UTC, a death cross hinted at price fluctuations. 

Chart 1, analyzed by ShwetaCW, published on TradingView, March 27, 2025

As illustrated in Chart 1, another death cross at 11:20 UTC led to a sharp drop, pushing the price into oversold conditions at 13:30 UTC and 13:55 UTC. Sellers dominated, breaking past support, and a new trading range formed. The next key support level was $85,865.41, confirmed after an oversold condition at 19:10 UTC. Buyers regained control with a golden cross at 19:35 UTC, leading to an upward trend. As per the Bitcoin Price Prediction, if the bearish momentum continues, the price could break $85,865.41. However, if bulls take charge, breaking past $88,274.41 could open doors for further gains.

Bitcoin Mining’s Future: Energy Revolution and Market Impact

Bitcoin Mining is evolving, with industry leaders like Evan Owens envisioning miners as future energy providers. Innovations such as Kadena’s Chainweb and sustainable mining solutions highlight a shift toward efficiency. This transformation could reshape Bitcoin Market Trends, positioning miners as key players in global energy infrastructure. As adoption grows, market confidence may increase, influencing Bitcoin Price Prediction. If mining operations become more energy-efficient and widely accepted, Bitcoin’s value could strengthen. However, regulatory challenges and competition must be watched. The future of Bitcoin Mining depends on balancing profitability while adapting to market demands.

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