The post Bitcoin mining ‘Made in the USA’? This is Donald Trump’s plan appeared on BitcoinEthereumNews.com.

Donald Trump wants all the remaining Bitcoin to be “made in the USA.” Bitcoin’s Miner Reserve sat at its lowest since February 2010. In a post on the social media platform Truth Social on the 11th of June, Republican presidential candidate Donald Trump said that he wanted all remaining Bitcoin [BTC] to be, “MADE IN THE USA!!!”  According to the presidential candidate, this would help the country remain “energy dominant.” Trump made that post after meeting executives from Bitcoin mining companies, including CleanSpark Inc., Riot Blockchain, and Galaxy Digital, at his Florida Mar-a-Lago. His recent post on Truth Social forms part of his recent pro-crypto campaign. In May, The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” crypto assets accepted through Coinbase toward his presidential bid.  In the same month, Trump took to Truth to state that the United States should strive to be the leader in the cryptocurrency industry.  Trump’s recent endeavors stand in clear juxtaposition to President Joe Biden, who appears to have taken a stringent stance toward the industry.  For example, in his 2025 budget proposal, the president suggested a 30% tax on electricity used for Bitcoin mining and other regulations targeting the cryptocurrency industry. Following Trump’s post, Bitcoin mining stocks have soared by double digits. Among the top 10 largest Bitcoin miners by market capitalization, TeraWulf (WULF) and Hut 8 Mining (HUT) have seen their values rise by 11% and 10% in the past 24 hours, according to Google Finance.  Bitcoin Miner Reserve continues to crater Since the conclusion of the fourth halving event on the 14th of April, Bitcoin’s Miner Reserve has dropped. At 1.81 million BTC as of this writing, the amount of coins held in affiliated miners’ wallets has been reduced by 0.33%. According to…

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Filed under: News - @ June 14, 2024 10:20 am