Trump’s Bitcoin Mining Ambition Faces Major Hurdles
- U.S. miners account for 40% of global Bitcoin hashrate.
- Top 20 U.S. mining firms minted 3,794 Bitcoins in November.
- Bitcoin price surged to over $98,000 post-election.
The U.S. dominance in Bitcoin mining is significant but insufficient for Trump’s goal of all Bitcoin being mined domestically. With the current infrastructure and energy costs, expanding beyond the existing 40% share poses logistical and economic challenges. However, the recent price surge indicates a positive market reaction to potential regulatory changes under Trump’s administration.
