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Former US President Donald Trump said he wanted to mine all remaining Bitcoin (BTC) and make it 'Made in the USA.'
Former President Trump said in a social media truth post on the 12th (local time), “Bitcoin mining will be the last line of defense against central bank digital currency (CBDC),” adding, “All remaining bitcoins (that have not yet been mined) will be ‘made in the United States.’” “I want to make it,” he said.
He said, "President Joe Biden's hatred of Bitcoin has only helped China, Russia and radical left communists. Mining Bitcoin will help us control energy."
He then wrote, “Vote for me.”
CoinDesk, a media outlet specializing in virtual currency, interpreted this to mean that American companies want to do more Bitcoin mining.
Currently, the regions with the most mining operations are China, Central Asian countries, El Salvador, Germany and some European countries, CoinDesk said.
According to CoinGecko, a cryptocurrency market platform, Bitcoin supply is limited to 21 million and 90% of them have currently been mined.
Bloomberg News reported that former President Trump met with executives from Nasdaq-listed cryptocurrency mining companies CleanSpark and Riot Platforms at his Mar-a-Lago home on the morning of the 11th.
CleanSpark CEO Matt Schultz said former President Trump said he loved and understood cryptocurrency.
According to Chairman Schultz, former President Trump said that Bitcoin mining helps stabilize energy supply and that he would support mining companies once he enters the White House.
Mining companies are being criticized for climate change and the impact of local power grids.
The Democratic Party is calling for an investigation into the energy consumption and carbon emissions of mining companies and is strengthening regulations.
Former President Trump has talked a lot about bitcoin and other cryptocurrencies in recent weeks as he seeks to reach voters in Silicon Valley, who tend to support Democrats.
Last week, he said at a fund-raising event in San Francisco that he would "become a cryptocurrency president," Reuters reported, citing an attendee.
He received advice from Tesla CEO Elon Musk, and at the national convention of the Liberal Party, a minority party in the Third Zone, he promised to commute the sentence of Ross Ulbricht, the founder of the drug trafficking site 'Silk Road'.
Transactions were made with Bitcoin on Silk Road, and Ulbricht was arrested in 2013 and sentenced to life imprisonment.
Former Senator Brian Hughes, a spokesman for the Trump campaign, said, “Cryptocurrency innovators and others are under attack from President Biden and the Democratic Party,” and added, “Former President Trump plans to promote American leadership in this and other emerging technologies.” “He said.
The cryptocurrency industry is focusing its efforts on lobbying activities, such as increasing donations to Fair Shake Super PAC (special political action committee).
Coinbase, the largest cryptocurrency exchange in the United States, recently donated an additional $25 million.
