TRUMP CALLS FOR ALL BITCOIN MINING TO BE IN THE US!!
On Wednesday, presumptive 2024 Republican nominee Donald Trump declared his desire for all remaining Bitcoin to be mined in the United States. This marks a significant shift in Trump's stance on cryptocurrency and is positioned as a strategic attack against President Joe Biden's administration.
📢 Trump’s Bitcoin Mining Vision:
In a late-night post on Truth Social, Trump stated, "We want all the remaining Bitcoin to be MADE IN THE USA!!!" He suggested that Bitcoin could be the last defense against a Central Bank Digital Currency (CBDC), a concept he has previously criticized as a threat to freedom. Trump emphasized that mining Bitcoin domestically would also contribute to the U.S. being "energy dominant," although the specifics of this statement are unclear given Bitcoin mining's high energy consumption.
💬 Criticism of Biden:
Trump accused Biden of having a "hatred of Bitcoin," claiming that this stance benefits U.S. adversaries like China and Russia, as well as the "Radical Communist Left." This rhetoric positions Trump as a pro-crypto candidate in contrast to Biden’s perceived skepticism.
Bitcoin as Defense Against CBDC: It is unclear how Bitcoin mining in the U.S. would prevent the establishment of a digital dollar by the Federal Reserve.
Energy Dominance: Trump’s statement on energy dominance could refer to controlling the regulations around energy sources used in mining, rather than the energy consumed.
National Security: The claim that Bitcoin can aid national security is contentious, given Bitcoin’s association with illicit activities.
What do you think about this move?
Let me know in the comments!
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more!