Krutika Adani
Amid Joe Biden’s threat to increase electricity prices, Trump promised to bolster mining operations in the country.
Trump stated that the 2 million remaining Bitcoins should be mined within the US alone.
US-based Bitcoin miners TeraWulf and Hut8Mining soared more than 10% each following Trump’s statement.
The US Bitcoin mining industry has a market cap of $26 billion, the largest in the world. Consequently, the US dominates the US Bitcoin mining landscape.
The US presidential elections, which are scheduled for November 2024, have crypto as a major narrative this time.