Former U.S. President and presidential candidate, Donald Trump, recently met with leaders in the bitcoin mining industry, showing his backing for the sector. Trump highlighted the significance of bitcoin mining as a potential defense against a central bank digital currency (CBDC). He stressed the importance of increasing bitcoin production in the United States to bolster the country’s energy dominance.
During the meeting, Trump engaged in discussions with Bitcoin Magazine CEO David Bailey and key players in American bitcoin mining, such as representatives from Cleanspark, Riot Platforms, and Marathon Digital. He expressed his support for bitcoin mining efforts in the nation’s capital and worldwide.
Taking to his social media platform, Truth Social, Trump posted a message urging his followers to vote for him and emphasizing the necessity for all remaining bitcoin to be produced in the USA. He argued that this move would enhance the country’s energy dominance and prevent a CBDC from falling into the hands of China, Russia, and the Radical Communist Left.
Trump has consistently opposed the idea of a CBDC controlled by the Federal Reserve, citing the potential threat to individuals’ financial freedom. He has vowed to block any attempts to introduce such a currency in the United States.
Following the meeting, Bailey shared his thoughts on social media, describing the event as a historic step towards the widespread adoption of bitcoin. He praised Trump for gathering the country’s bitcoin mining power and committing to championing the cause both domestically and internationally.
Trump’s campaign has recently started accepting cryptocurrency donations, signaling his support for the crypto community. He has positioned himself as a proponent of cryptocurrency rights and has promised to reverse President Joe Biden’s anti-crypto policies if re-elected. Trump has been nicknamed the “crypto president” by some supporters and has acknowledged the growing popularity of bitcoin as an alternative form of currency.
What are your thoughts on Donald Trump’s endorsement of bitcoin mining? Share your opinions in the comments below.
