all-time bitcoin

Trump’s Plan to Keep Bitcoin Mining ‘Made in USA’


In a bold move against central bank digital currencies (CBDCs), Donald Trump declared he wants all remaining Bitcoin mined in the U.S. Meeting with executives from CleanSpark Inc. and Riot Platforms, Trump emphasized Bitcoin mining as America’s last defense against CBDCs and a pathway to energy dominance. His late-night Truth Social post sharply criticized Biden, framing Bitcoin as a strategic asset to counter international rivals like China and Russia. This stance marks a significant shift in the cryptocurrency landscape as Trump pushes for U.S. supremacy in the digital currency arena.

  • Donald Trump wants to mine all the remaining BTC in the U.S.
  • The Republican presidential candidate sees BTC as the last line of defense against a central bank digital currency (CBDC).

Republican presidential candidate Donald Trump said on Tuesday that he wants all the remaining bitcoin to be made in the U.S., reiterating that it will help the country become energy-dominant.

“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,” Trump said in a late-night post on the social media platform Truth Social.

Trump's post on Truth Social. (Truth Social)
Trump’s post on Truth Social. (Truth Social) (Truth Social)

Trump’s post likely indicates he’d like to see more bitcoin mining done by U.S. companies using local resources. Current mining hotspots are China, Central Asian countries, El Salvador, and some European countries such as Germany, data shows.

Early Tuesday, Trump, the first U.S. presidential candidate to accept crypto donations, met with executives of Nasdaq-listed bitcoin mining firm CleanSpark Inc. and Riot Platforms. The former President reportedly told the attendees at the Mar-a-Lago event that miners help stabilize the grid’s energy supply.

Bitcoin’s supply is capped at 21 million, which is scheduled to be mined through the year 2140, according to Coingecko. As of now, 90% of the supply has been mined.

This article originally appeared on Coin Desk

Print Friendly, PDF & Email

sign up for the newsletter

By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.

7 steps - Lead Gen (popover & inserted into pages)