Former U.S. President Donald Trump has adopted a new strategy in the cryptocurrency space to appeal to the growing community of cryptocurrency enthusiasts.
In a meeting with representatives of several bitcoin mining companies, Trump announced his ambitious goal to push for all remaining bitcoins to be mined in the United States, not only in Washington, D.C., but also internationally.
He believes this will not only help protect Bitcoin mining from external influences, but also strengthen the United States' global leadership in the energy sector.
Trump’s Cryptocurrency Campaign
Industry insiders who attended the meeting included Salman Khan of Marathon Digital, S Matthew Schultz and Jason Les of CleanSpark, and Brian Morgenstern of Riot Platforms. In addition, Amanda Fabiano, former head of mining at Galaxy and director of Bitcoin mining at Fidelity, also attended the meeting.
Trump emphasized on the social media platform Truth Social that Bitcoin mining is an important means for the United States to fight against central bank digital currencies (CBDCs), while criticizing the Biden administration's attitude towards Bitcoin, claiming that it will benefit China, Russia, and the radical communist left. At the same time, he hopes that all remaining Bitcoins will be made in the United States, which will help them dominate the energy sector.
Increasing America’s share of the global Bitcoin network
According to the latest data from ChainBulletin, the United States currently accounts for 38% of the global Bitcoin network hash rate, ahead of China (21%) and Kazakhstan (13.3%). Trump's latest move aims to further increase this share and ensure the United States' dominance in the global Bitcoin network.
Trump Uses Crypto to Gain Lead Over Biden
As the cryptocurrency industry faces stricter regulation, industry leaders are seeking political favors. Trump has sought to gain an advantage in the upcoming presidential election by supporting Bitcoin mining and opposing CBDCs.
He promised at the Libertarian Party's national convention in Washington, D.C. that Bitcoin would flourish in the United States under his leadership and vowed to protect the self-custody rights of cryptocurrency holders.
Latest poll results
The latest polls show Trump slightly ahead with 40.9% support to Biden's 40%, with independent candidate Robert Kennedy Jr. at just over 9%.
This strategy appears to be winning him some support among voters, especially in the cryptocurrency community. #比特币挖矿 #特朗普 #拜登 #加密货币
Conclusion
Trump's initiative reflects his awareness of the influence of the cryptocurrency industry and his willingness to use it to gain political support. Although it is only a slight lead in the polls, Trump's strategy undoubtedly adds new variables to the upcoming election.
As cryptocurrencies become increasingly important on the political stage, Trump's move could have a significant impact on the outcome of the election.
