Trump Calls for All Bitcoin Mining to Take Place in the US
Trump Calls for All Bitcoin Mining to BeTake Place in the US
The Facts
Former Pres. and presumptive Republican nominee reaffirmed his commitment to the cryptocurrency industry, saying that he wants “all remaining Bitcoin to be MADE IN THE USA!!!” in a late Tuesday night post on his Truth Social platform.
He added that mining Bitcoin will help the US become “energy dominant” and that it could be the “last line of defense against a CBDC [central bank digital currency].” CBDC is a virtual currency issued by a country’s central bank, and the Federal Reserve has floated the idea of developing one.Former Pres. and presumptive Republican nominee reaffirmed his commitment to the cryptocurrency industry, saying that he wants "all remaining Bitcoin to be MADE IN THE USA!!!" in a late Tuesday night post on his Truth Social platform.
The Spin
There is no doubt that Pres. Trump is the best candidate for the crypto community, and his effort to embrace Bitcoin shows that he will fight against the anti-crypto establishment in DC. Roughly 25% of Americans own Bitcoin, yet they have been largely ignored, if not demonized, by the political class. Trump has evolved on the issue and taken the time to learn more about thethis vital technology. He knows that crypto is a protector of our freedom, and he will fight against Democrats’' plans to destroy financial freedom
Donald Trump continues to show that he has no convictions on any issue and will say whatever he believes will help him politically. Once a staunch critic of Bitcoin and cryptocurrency, Trump has completely flip-flopped on the issue, — likely because some of his allies told him to. Trump doesn’'t seem to understand anything about Bitcoin mining or cryptocurrency, but that won’'t stop him from runningmaking hisstatements mouthfor on the topicsake of donations and scoring political points.
