The widespread tariffs implemented by the Trump administration could lead to a collapse in US demand for Bitcoin mining machines, which would benefit mining operations outside of the US as manufacturers look for markets beyond America to sell their surplus inventory at cheaper prices, said Jaran Mellerud, CEO of Hashlabs Mining.
"As machine prices rise in the United States, paradoxically they may fall elsewhere in the world," Mellerud said in an April 8 report. "Demand for shipping machines to the U.S. is expected to plummet, possibly close to zero." "Manufacturers will be left with surplus inventory originally intended for the American market. To deal with this leftover stock, they may need to lower prices to attract buyers from other regions." Mellerud stated that a drop in miner prices could allow mining operations outside of America to expand and take up a larger share of Bitcoin's total computing power.