Key Takeaways
- Donald Trump advocates for U.S. dominance in Bitcoin mining.
- Industry reactions to Trump's stance are mixed, with some supporting and others criticizing it.
- Greg Beard highlights Bitcoin mining's potential for energy efficiency and grid stabilization.
U.S. Presidential candidate Donald Trump has declared his intention for the U.S. to dominate the Bitcoin mining industry.
Trump posted the following on his Truth Social Account:
VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!
Following a meeting with Riot Platforms CEO Jason Les and head of public policy Brian Morgenstern on June 12, Trump voiced his support for domestic Bitcoin mining firms on Truth Social.
Greg Beard, CEO of Stronghold Digital Mining, echoed Trump’s sentiment, stating:
The U.S. is and should be a leader in supporting and securing Bitcoin as an alternative to the ever-deflating values of sovereign-backed currencies.
Beard also urged current President Joe Biden to support Bitcoin mining, emphasizing its potential benefits for American society.
