Donald Trump announced on Tuesday that he wants to mine all that remains of Bitcoin (BTC) in the United States, citing the country's potential to dominate the energy sector.
In a late-night post on Truth Social, the Republican presidential candidate expressed this Feelings Bitcoin mining may be the country's last line of defense against central bank digital currency (CBDC).
Because of these comments, Bitcoin mining stocks had a great day on the markets on Wednesday. terawolf (Wolf) fell by approximately 20% at one point and settled into an intraday gain of 10%. Hut 8 Corp (hut(gained 10%, riot pads)Riot control) by 6.5%, and CleanSpark (Klask) rose more than 8.15% at market close.
Trump and crypto
Trump is the first US presidential candidate to accept cryptocurrency payments for his campaign, and has been vocal about his support for cryptocurrencies. On June 11, he met with Bitcoin mining companies at Mar-a-Lago It said He stressed that Bitcoin miners contribute to the stability of the electricity network.
Trump's sentiment as a “crypto president” has led him to push for domestic Bitcoin mining and tapping into local resources. Currently, notable Bitcoin mining locations include Central Asia, El Salvador, and some European countries.
The price of Bitcoin rose above $69,000 today after the US inflation report on Wednesday showed lower-than-expected numbers.