Bitfarms CEO: Trump's Claim to Make All Remaining Bitcoins “MADE IN THE USA” Unrealized
On November 2, Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, said that if Trump cuts red tape and increases support and investment in energy and power infrastructure, the U.S. will solidify its position as the most competitive place in the world for bitcoin mining, and that it is absolutely possible and desirable to make the U.S. the number one country for bitcoin mining. However, he acknowledged that while Trump has previously claimed that all of the remaining bitcoins are “MADE IN THE USA,” due to the decentralized nature of bitcoin's infrastructure, it is unlikely that the remaining bitcoin mining will take place in a single country, and that having 100 percent of bitcoins mined in the U.S., or in some other country, is not possible, and would be a fundamental violation of the principles of the Bitcoin founder, Satoshi Nakamoto's, “The Bitcoin Foundation. the core principles of Bitcoin founder Satoshi Nakamoto. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
「Buddy」 deposited approximately 1.2 million U into Hyperliquid again 7 hours ago to continue longing ETH
Bank of Canada establishes "high-quality money" standards for stablecoins
UK to review cryptocurrency donations to investigate political party funding issues
The Bank of Canada will only approve high-quality stablecoins pegged to central bank digital currency