Trump Wants To Mine All Remaining BTC In The U.S.
Republican presidential candidate Donald Trump announced on Tuesday his intention for all remaining Bitcoin to be mined in the United States, emphasizing that this move would help the country achieve energy dominance.
“Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT,” Trump declared in a late-night post on Truth Social.
Trump’s remarks suggest a push for more Bitcoin mining by U.S. companies utilizing domestic resources. Currently, major Bitcoin mining operations are located in China, Central Asian countries, El Salvador, and parts of Europe, including Germany.
Earlier on Tuesday, Trump, who made history as the first U.S. presidential candidate to accept crypto donations, met with executives from CleanSpark Inc. and Riot Platforms, two Nasdaq-listed Bitcoin mining firms. During the event at Mar-a-Lago, he reportedly praised Bitcoin miners for their role in stabilizing the energy grid.
According to Coingecko, Bitcoin’s supply is capped at 21 million, with 90% already mined. The remaining Bitcoin is scheduled to be mined by 2140. Trump’s call for U.S. dominance in this sector aims to leverage this finite resource for national benefit.
