Bitcoin
Donald Trump says he wants all remaining Bitcoins to be ‘made in the USA’
Republican presidential candidate Donald Trump said Tuesday he wants all remaining bitcoin to be produced in the U.S., reiterating that it will help the country become energy dominant.
“Bitcoin mining could 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!!! This gives us will help be DOMINANT ENERGY,” Trump said in a late-night post on the social media platform Truth Social.
Trump’s post likely indicates that he would like to see more bitcoin mining done by US companies using local resources. Current mining hotspots are China, Central Asian countries, El Salvador and some European countries such as Germany, data show.
On Tuesday, Trump, the first US presidential candidate to accept cryptocurrency donations, met with executives from Nasdaq-listed bitcoin mining company CleanSpark Inc. and Riot Platforms. The former president supposedly told attendees at the Mar-a-Lago event that miners help stabilize the grid’s power supply.
The supply of Bitcoin is limited to 21 million, which is scheduled to be mined by the year 2140, according to Coingecko. So far, 90% of the supply has been extracted.