Trump Rallies Bitcoin Mining Industry Support Ahead of Election
- Donald Trump has reiterated his pro-crypto stance.
- The former President met with Bitcoin miners at Mar-a-Lago.
- Trump said Bitcoin mining is the “last line of defense against a CBDC.”
Former President Donald Trump has publicly endorsed Bitcoin mining activities in the U.S. after reportedly meeting with several executives of the industry at Mar-a-Lago on Tuesday night.
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The Republican presidential candidate has increasingly pivoted toward a pro-crypto stance in recent weeks to potentially mobilize support among new tech-savvy voters and key stakeholders in the digital assets industry.
Trump’s Meeting with Bitcoin Miners
On June 12, Matthew Schultz, Executive Chairman at CleanSpark Inc, shared a picture with Trump on X, noting that he had “just run into a guy that’s a huge fan of Bitcoin” and loves what the company does in Georgia, Mississippi, and Wyoming.
Schultz later told Bloomberg that he had met Trump alongside other executives in the Bitcoin mining industry to discuss how mining the largest crypto asset by market cap could help stabilize energy supply from the grid.
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While Trump’s campaign team has yet to issue an official statement regarding the reported meeting, the former President took to his Truth Social account hours later to voice his stance on Bitcoin mining.
“VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC . Trump wrote on Truth Social. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”According to the Bloomberg report, Trump told the meeting’s attendees that he loved and understood cryptocurrencies and that he’d advocate for miners in the White House if elected in the upcoming elections.
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Read how Trump could tackle the U.S. national debt burden with Bitcoin:
Trump Mulls Bitcoin to Tackle $35T National Debt Burden
Stay updated on how Sam Bankman-Fried (SBF) allegedly plotted to buy off Trump:
Biographer Unpacks SBF’s Plot to Buy off Trump for $5B
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.
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