As Trump prepares to fulfill a long list of campaign promises, the president-elect vows to ensure that all remaining bitcoins are 'made in America,' which may become one of his most difficult commitments to fulfill. Ethan Varela, COO of Luxor Technology based in Seattle, stated that this is a typical Trump-like comment, but it does not align with reality.
Russian oligarchs and the Dubai royal family are some of the latest entrants into the competition. Their substantial funding and access to large amounts of electricity are driving them to join this lucrative but energy-intensive process. It is estimated that about 95% of the 21 million bitcoins that will eventually be created have already been minted; however, according to the hard cap, complete production is expected to take about another 100 years. Taras Kulik, CEO of Synteq Digital, stated: 'Several different markets will see tremendous growth, with increased demand in Eastern European countries like Kazakhstan, while sales in Asia, Africa, and the Middle East are also on the rise.' (Jin Ten)

#BTC