The US elections are scheduled for November 5, 2024. This is the reason why Joe Biden and Donald Trump talk about so many things. Not surprisingly, the two men have very different views, including on Bitcoin. Donald Trump today hinted that more Bitcoin should be mined in the US. According to him, mining more Bitcoin is very important from an economic point of view.
Crypto supporter
In recent years, Donald Trump has often spoken about crypto. Every message shows that he is a supporter of crypto. This was due to his mistrust of financial institutions. Donald Trump is also a strong supporter of greater economic freedom and less regulation. These are all great images that perfectly match Bitcoin.
On June 11, 2024, Donald Trump held a meeting with key figures from the US Bitcoin mining industry. During this meeting he expressed his unequivocal support to the industry. He mentions that he has no choice but to fully invest in Bitcoin mining. This should give America an advantage over other countries.
Positive tweets about Donald Trump’s visit quickly appeared on X, including this tweet from Bitcoin proponent David Bailey:
Positive influence
Of course, there has been a lot of buzz about Bitcoin mining for a long time. While proponents believe in Bitcoin, blockchain technology and its applications, detractors note that it takes unnecessary energy.
Cleanspark Inc. According to CEO, Zach Bradford, mining has a positive impact on many aspects of society. He notes that mining contributes to future infrastructure and local employment.
Amanda Fabiana, founder of Fabiano Consulting, emphasizes the need for political support: “Our industry faces political struggles fueled by misinformation. We need politicians who are interested in learning about the benefits of Bitcoin. With Donald Trump, he now seems to have a favorite supporter on his side.
Political struggle
A fierce political war has broken out in the United States. Joe Biden and Donald Trump often fight this battle on a personal level. Both gentlemen do not hesitate to give the other a good swipe. The two men are diametrically opposed to each other in the field of digital currency. This could easily become a decisive issue for the upcoming US elections.
Bitcoin still dominates in the US. More and more Americans share their distaste for the current monetary system and economic controls. They have only one solution: create the digital currency bitcoin. All Americans who share this opinion will vote for Donald Trump on November 5, 2024. Opponents of digital currencies are likely to vote for Joe Biden. These opponents probably don’t share Donald Trump’s views on more Bitcoin mining anyway.
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