Donald Trump has said that the US will become a Bitcoin mining hub if he’s re-elected as the country’s president in November of this year. Indeed, the former president recently spoke about the leading cryptocurrency on his Trust Social platform. There, he made clear his intention to integrate BTC into the country further.
Within the post, Trump called Bitcoin the nation’s “last line of defense against a CBDC.” Moreover, he referenced current President Joe Biden’s position on the asset class. Altogether, Trump is setting the stage to make cryptocurrencies as important a political point of contention as they have ever been.
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Trump Ensures Commitment to Bitcoin Mining in the US
Over the last several years, the United States has struggled with its position on digital assets. Unclear regulation has left a host of companies floundering, with the US Securities and Exchange Commission (SEC) opting for a regulation-by-enforcement approach. That appears to be changing, however, as the 2024 presidential election fast approaches.
Donald Trump has already focused on the asset, recently noting that the US will be a Bitcoin mining hub if he is re-elected. Indeed, Trump took to Truth Social to discuss his hope for the mining of BTC in America. Furthermore, he noted the part that mining practices will play in keeping the country “energy dominant.”
Source: CNN
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“Bitcoin mining may be our last line of defense against a CBDC,” Trump stated. “Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all remaining Bitcoin to be MADE IN THE USA!!!”
The post ensures that Bitcoin is growing as a campaign point for Trump. Moreover, the statement comes after the former president already made history by allowing campaign donations in cryptocurrencies. Subsequently, the industry could be poised to benefit massively from Trump’s potential re-election to the Presidency this November.