In a recent late-night post on the social media platform Truth Social, Republican presidential candidate Donald Trump reiterated his stance on Bitcoin, emphasizing the need for all remaining Bitcoin to be mined in the United States. Trump argued that such a move would not only bolster national security but also position the country as a leader in 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 stated in his post.
The former President’s statement aligns with his previous sentiments, suggesting a desire for increased U.S. involvement in Bitcoin mining activities. Currently, major Bitcoin mining operations are concentrated in regions like China, Central Asia, and parts of Europe. Trump’s call for domestic production comes amidst growing concerns over the geopolitical implications of Bitcoin mining and its energy consumption.
Earlier on Tuesday, Trump, who made headlines as the first U.S. presidential candidate to accept cryptocurrency donations, held discussions with executives from Nasdaq-listed bitcoin mining companies, including CleanSpark Inc. and Riot Platforms. During the meeting at his Mar-a-Lago estate, Trump reportedly highlighted the role of miners in stabilizing energy grids, further emphasizing the potential benefits of U.S.-based mining operations.
Bitcoin, the world’s largest cryptocurrency, operates on a fixed supply schedule, with a maximum cap of 21 million coins. According to data from Coingecko, approximately 90% of this supply has already been mined, with the remaining coins expected to be produced gradually until the year 2140. Trump’s advocacy for U.S.-based Bitcoin mining reflects broader discussions surrounding the future of cryptocurrency regulation and its implications for national interests.
