In a bold declaration this week, former President Donald Trump called for all future bitcoin mining operations to be based in the United States, positioning it as a strategic move to enhance the country’s energy dominance. Trump articulated his stance on the social media platform Truth Social, stating, “Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical CommunisteLeft. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT.”
This statement underscores Trump’s desire to centralize the cryptocurrency’s production within the U.S. to leverage local resources and infrastructure. According to CoinDesk, major bitcoin mining currently occurs in countries like China, Central Asian nations, El Salvador, and Germany.
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At a recent event at Mar-a-Lago, Trump, who has historically been the first U.S. presidential candidate to accept cryptocurrency donations, engaged with executives from leading bitcoin mining companies, CleanSpark Inc. and Riot Platforms. He emphasized that such mining operations are pivotal for stabilizing the national energy grid. CoinGecko notes that with the bitcoin cap set at 21 million, approximately 90% has already been mined, with the remaining expected to be mined by 2140.
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