🌟Trump is optimistic about Bitcoin, emphasizing the importance of electricity production for mining
Trump's recent conversation with Jim Cramer on CNBC has sparked widespread attention. He clearly stated the intention to do great things with cryptocurrency, and the key to achieving this goal lies in producing a large amount of electricity. This perspective also demonstrates Trump's profound understanding of Bitcoin that exceeds our expectations.
Trump declared to Cramer, "We are going to do some great things with cryptocurrency." He emphasized that the United States cannot allow China or other countries to take the lead in this field; whether in artificial intelligence or cryptocurrency, the U.S. must strive to be at the forefront.
He further elaborated on his unique insights regarding cryptocurrency, pointing out the necessity of producing a vast amount of electricity. This understanding stems from his insight into the enormous power demand of Bitcoin mining, and this demand may become a driving force for the production of cheap, abundant, renewable energy.
It is worth noting that since the 1970s, the price of solar panels has been declining, and electricity may become even cheaper in the future. Bitcoin is not only a new internet currency but also has the potential to incentivize people to develop richer energy sources.
As the chip efficiency competition in Bitcoin mining reaches its peak, the core competition among mining machines has already shifted to electricity costs. Miners are actively preparing to take advantage of this cost advantage to expand their profit margins in business models.
In addition, some of the individuals that Trump is about to appoint as Treasury Secretary, SEC Chair, and cryptocurrency advisors are positively inclined towards cryptocurrency. This undoubtedly brings positive signals to the cryptocurrency market and fuels expectations for the future development of the U.S. in the cryptocurrency field.
In summary, Trump's stance suggests that the U.S. may adopt a more proactive strategy in the fields of cryptocurrency and renewable energy. This move is not only an extremely positive signal for the cryptocurrency market but also holds the potential to drive a new process of global energy transformation.
💬Do you agree with Trump's view of linking Bitcoin to energy production? Do you think under Trump's leadership, the U.S. will become a leader in cryptocurrency and renewable energy? See you in the comments!
