Trump Wind Continues to Blow in Bitcoin! Bernstein Makes Record $20 Billion Prediction for Bitcoin Mining Industry!

In the market Donald Trump‘s victory in the November 2024 elections Bitcoin While the idea that it will be a turning point for the BTC It is thought that it could also trigger a rally.

At this point, who thinks that Trump will trigger the rally in Bitcoin? Bernstein analysts expect the Bitcoin mining chip and hardware sector to reach $20 billion in market value in the next five years, following Trump’s BTC promises.

Bernstein analysts see Trump’s promise to mine remaining Bitcoin in the US, make the US a “Bitcoin mining superpower” and provide more electricity generation capacity for the sector as a boost for US Bitcoin miners and the mining industry, The Block reported.

Therefore, analysts predict that the Bitcoin mining chip and hardware industry will reach a market value of $20 billion in the next five years.

Analysts have historically estimated that the Bitcoin mining market has a market share of over 80 percent Bitmain He said that the company was dominated by China-based companies such as, but this situation is slowly changing with Trump’s promises and new agreements.

Analysts cited the deal between Jack Dorsey’s digital payments company Block and Bitcoin miner maker Auradine as an example of this change.

“To date, the mining market has historically been dominated by China-based companies such as Bitmain, which has over 80% market share.

“However, the launch of new mining chips in the US by Block and Auradine and their diversification of their supply chain provide an opportunity for the US to compete in advanced chip design.”

Analysts have listed four major mining companies that could be partnered with to dominate the U.S. mining sector: Riot Platforms, CleanSpark, IREN ve Core Scientific.

*This is not investment advice.