#BitcoinWithTariffs 📉 Market Volatility and Recovery
🏭 Impact on Bitcoin Mining
The tariffs have particularly affected the Bitcoin mining industry, especially in the U.S., where miners rely heavily on imported equipment. Tariffs on countries like China (104%), Thailand (36%), and Malaysia (24%) have led to a 22–36% increase in mining equipment costs. In response, companies like Bitdeer are shifting strategies, focusing on self-mining and considering U.S.-based manufacturing to mitigate supply chain disruptions.
🇺🇸 Government Strategy: Building a Bitcoin Reserve
The Trump administration is exploring the use of tariff revenues to fund the acquisition of a strategic Bitcoin reserve, aiming to purchase up to 1 million BTC over five years without impacting taxpayers. This initiative includes potential strategies like revaluing Treasury gold certificates and interagency collaborations to facilitate the purchases.