There is news saying that Russia could greatly benefit from Trump's tariff if fully applied to the Bitcoin mining industry.

Luxor company says that Russia will be the biggest beneficiary if Trump's tariffs are enacted.

Most Bitcoin mining equipment is manufactured outside of America, especially in China, so the increase in tariffs will harm American companies.

Mining companies like Riot Platforms have started selling Bitcoin to fund their operations due to rising costs.

If the tariffs are fully implemented, Russia will be able to buy the equipment at a cheaper price, and Chinese capital will flow into it.

American and European companies will start investing in other countries like Canada, Africa, and South America.

Egypt will witness growth in the Bitcoin mining market due to low electricity costs.

American companies are trying to adapt to the situation, and some are planning to manufacture equipment in America.

#Bitcoin_Mining #Trump_Tariffs #Russia_the_biggest_winner