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Trump Calls for All Bitcoin Mining to Take Place in the US

Trump Calls for All Bitcoin Mining to BeTake Place in the US

Trump Calls for All Bitcoin Mining to Take Place in the US
Above: Former US President and Republican presidential candidate Donald Trump addresses the Libertarian Party National Convention on May 25, 2024 in Washington, DC. Image credit: Chip Somodevilla/Staff/Getty Images News via Getty Images

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.

Metaculus Prediction

There is a 34% chance that 1 Bitcoin will be worth $100K or more before 2025, according to the Metaculus prediction community.


The Controversies



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© 2025 Improve the News Foundation.

All rights reserved.

Version 6.18.0