Former US President Donald Trump, known for his previous opposition to Bitcoin and cryptocurrencies, has made a significant shift in his stance. In a surprising move, Trump, who is seeking reelection, has now expressed strong support for BTC and other cryptocurrencies during his current campaign.
Recent reports indicate that Trump met with a group of Bitcoin miners, where he assured them of his backing for Bitcoin mining activities. Trump criticized his rival, Joe Biden, and his administration for their negative stance on Bitcoin mining, claiming that it benefited other countries while posing a threat to the United States. He pledged to support Bitcoin miners and the mining industry if he secures another term in the White House.
Notable attendees at the meeting included representatives from Nasdaq-listed Bitcoin mining company CleanSpark Inc. and Riot Platforms. CleanSpark co-founder S. Matthew Schultz shared his excitement about meeting a fellow Bitcoin enthusiast who supports their operations in various states.
Trump also took to his social media platform, Truth Social, to advocate for Bitcoin mining as a strategic asset against central bank digital currencies (CBDCs). He criticized Biden’s anti-Bitcoin stance, suggesting it favored other nations and radical leftist ideologies. Trump emphasized the importance of producing Bitcoins within the US to enhance national energy independence.
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