
On June 13, 2024, Donald Trump, who wants to be president again, said he wants to find all the rest of Bitcoin in the United States. He thinks this will reduce our country’s use of energy from other places.
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- Donald Trump wants all remaining Bitcoin mined in the U.S. to make America more energy independent.
- Trump talked with CleanSpark Inc. and Riot Platforms about why it’s good for the U.S. to mine Bitcoin.
- There will only be 21 million bitcoins, most of which have already been found. It will take until 2140 to find all of them.
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Donald Trump Advocates for U.S.-Based Bitcoin Mining to Strengthen Energy Independence
Trump wrote on Truth Social late at night, “Mining Bitcoin might be our last way to protect ourselves from a CBDC. Biden doesn’t like Bitcoin, which helps China, Russia, and the Radical Communist Left. We want all the rest of the bitcoin to be made in the USA!!! It will help us have lots of energy!”
Trump’s statement suggests a desire to increase Bitcoin mining activities by U.S. companies using local resources. According to industry data, significant Bitcoin mining operations are currently concentrated in countries like China, Central Asian nations, El Salvador, and some European countries like Germany. According to data from the Cambridge Center for Alternative Finance, the U.S. has seen a growing share of global Bitcoin mining, accounting for approximately 35% of the network’s hash rate as of early 2024.
Earlier on Tuesday, Trump, the first U.S. presidential candidate to accept cryptocurrency donations, met with leaders from Bitcoin mining companies CleanSpark Inc. and Riot Platforms at his Mar-a-Lago resort. During the meeting, Trump talked about how Bitcoin miners can help keep the power grid steady. He said that mining operations in the U.S. could use renewable energy sources like solar and wind power, making our energy system greener and better for the environment.
According to Coingecko, Bitcoin’s supply is limited to 21 million, with about 90% already mined. The remaining bitcoin is expected to be mined by the year 2140. As mining becomes harder and requires more energy, it’s important for the U.S. to find efficient and eco-friendly ways to mine Bitcoin.
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