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Donald Trump announced on Tuesday that he wants all remaining bitcoin (btc) to be mined 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 the x.com/TrumpDailyPosts/status/1800740096213430672″ target=”_blank” rel=””>feeling that bitcoin mining may be the country's last line of defense against a central bank digital currency (CBDC).
Due to these comments, bitcoin mining stocks had a great day in the markets on Wednesday. TeraWulf (WULF) jumped almost 20% at one point and posted intraday gains of 10%. Cabin 8 Corp (CABIN) gained 10%, Riot Platforms (RIOT) gained 6.5% and CleanSpark (CLSK) gained more than 8.15% at the market close.
Trump and cryptocurrencies
Trump is the first US presidential candidate to accept cryptocurrency payments for his campaign and has openly expressed his support for cryptocurrencies. On June 11, he met with bitcoin mining companies in Mar-a-Lago and bitcoin–btc-miners-in-his-latest-pro-crypto-overture?srnd=homepage-americas” target=”_blank” rel=””>reportedly He highlighted that bitcoin miners contribute to stabilizing the electrical grid.
Trump's sentiment as “the crypto president” has led him to push for national bitcoin mining, taking advantage of local resources. Currently, prominent bitcoin mining locations include Central Asia, El Salvador, and some European countries.
bitcoin price surpassed $69,000 today after a US inflation report on Wednesday showed lower-than-expected numbers.
