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Trump: ‘Made in USA’ Bitcoin”
In a bid to court the crypto industry and its supporters, former President Donald Trump has declared his desire for all remaining Bitcoin to be mined within the United States, positioning the cryptocurrency as a defense against a potential central bank digital currency.
Meta description: Former President Donald Trump doubles down on his pro-crypto stance, calling for all remaining Bitcoin mining to occur in the US as he seeks to woo the industry’s voters ahead of the 2024 election.
Donald Trump, the presumptive 2024 Republican nominee, took his embrace of the cryptocurrency industry a step further on Wednesday, stating on Truth Social: “WE WANT ALL THE REMAINING BITCOIN TO BE MADE IN THE USA!!!!” He framed Bitcoin mining as a means for the US to achieve “energy dominance” and a “last line of defense” against a central bank digital currency (CBDC) from the Federal Reserve.
Trump’s latest pro-crypto remarks come after he hosted a meeting with several Bitcoin mining executives at his Mar-a-Lago resort, including representatives from Riot Platforms, CleanSpark, and TeraWulf. The attendees discussed how Bitcoin mining could strengthen the electrical grid and create jobs, with Trump reportedly promising to support the sector if elected.
The former president’s stance marks a stark contrast with President Joe Biden’s administration, which has proposed a 30% electricity tax on Bitcoin miners and faced mounting pressure over the industry’s emissions and energy consumption. Trump has accused Biden of having a “hatred of Bitcoin” and suggested embracing crypto could benefit the US against its adversaries, though the rationale behind these claims remains unclear.
While Trump previously dismissed cryptocurrencies as a “scam,” he has since reversed course, accepting crypto campaign donations, selling digital trading cards, and revealing millions in digital assets. His latest remarks solidify his pro-crypto positioning as he seeks to attract the growing base of cryptocurrency supporters, estimated at over 50 million Americans.
