Donald Trump expressed his desire for all remaining Bitcoin to be mined in the United States during a meeting with executives from Nasdaq-listed CleanSpark Inc. and Riot Platforms on Tuesday. He emphasized the importance of Bitcoin mining for energy dominance and as a defense against central bank digital currencies (CBDCs).
In a late-night social media post on Truth Social, Trump reiterated his stance, stating, "We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT." He emphasized that Bitcoin mining could serve as a crucial line of defense against CBDCs, suggesting that President Biden's negative stance on Bitcoin benefits other nations.
Donald Trump Post on Truth Social - "We want all the remaining Bitcoin to be MADE IN THE USA!"
Trump's advocacy for American Bitcoin mining likely indicates his preference for U.S. companies to leverage local resources for mining operations. Currently, as shown by data, major Bitcoin mining hubs include China, Central Asian countries, El Salvador, and some European nations like Germany.
During the Mar-a-Lago event, Trump, who is the first U.S. presidential candidate to accept crypto donations, emphasized the role of miners in stabilizing the energy grid. With Bitcoin's supply capped at 21 million, and 90% of it already mined, Trump's call for 'Made in USA' Bitcoin mining could have significant implications for the future of cryptocurrency production and energy dominance.