Odaily Planet Daily News: US President-elect Trump has ensured that all remaining bitcoins being 'American-made' should be one of the least achievable promises. Industry insiders generally view Trump's commitment as more symbolic support for the cryptocurrency industry, which is nearly impossible to realize in practice. This is because blockchain is a decentralized network, and no one controls or is prohibited from participating in the process. The computing power of domestic miners in the United States is still far below half of the global total, making it nearly impossible for the entire Bitcoin network to be supported solely by American companies. Ethan Vera, Chief Operating Officer of Seattle-based Luxor Technology, which provides software and services to miners, said, 'This is a Trump-style statement, but absolutely not a reality.' Analysts also pointed out that US economic sanctions and severe inflation in some emerging economies have prompted overseas miners to further expand their businesses. Taras Kulyk, CEO of Synteq Digital, said, 'There have been huge growths in several different markets.' His company is one of the largest brokers of computers specifically for Bitcoin mining. Kulyk noted that demand has increased in Eastern European countries like Kazakhstan, with 'sales to Asia, Africa, and the Middle East all on the rise.' Other analyses suggest that Trump's policies could also pose challenges for American miners, as his trade policies might lead to increased costs for Bitcoin mining equipment. For miners, electricity and equipment are the two largest expenses. However, for the overall cryptocurrency market, the benefits of Trump outweigh the drawbacks. (Financial Link)

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