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Opinion: "All remaining Bitcoins are made in the United States" is a Trump-style statement, absolutely not reality

Opinion: "All remaining Bitcoins are made in the United States" is a Trump-style statement, absolutely not reality

CointimeCointime2024/12/29 11:22
By:Cointime

 it is highly unlikely that Trump's promise to ensure all remaining Bitcoin is "made in America" will be fulfilled. Industry insiders generally believe that Trump's promise is more of a symbolic support for the cryptocurrency industry, and it is almost impossible to achieve in practice. This is because blockchain is a decentralized network, where no one controls or can be banned from participating in the process. The computing power of American domestic miners is still far below half of the global total, so it is almost impossible for the entire Bitcoin network to be supported solely by American companies. Ethan Vera, Chief Operating Officer of Seattle-based Luxor Technology, which provides software and services to miners, said: "This is Trump-style rhetoric, but it is definitely not reality."

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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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