Will Donald Trump Really Make All Bitcoins Made in the USA? What will be the outcome? Here’s the Truth

As President Donald Trump accelerates his work to return to the White House, all Bitcoin’in Promise to ensure “made in the USA” crypto para It attracted both the attention and skepticism of the industry.

This ambitious promise, revealed on Truth Social in June following a meeting with crypto mining executives, shows Trump’s transformation from a crypto skeptic to a solid industry ally.

However, experts say this suggestion is far from realistic.

Bitcoin’s decentralized nature is one of its key features, which makes it impossible for any one country to dominate its production. “It’s a Trumpian comment, but it’s certainly not based on fact,” said Ethan Vera, chief operating officer of Luxor Technology, a Seattle-based firm that specializes in crypto mining services.

With over 95% of Bitcoin already mined, the remaining tokens will be minted through a global network of miners over the next century. These miners, who often operate massive, energy-intensive data centers, compete to verify transactions and earn Bitcoin rewards. However, the mining industry is becoming increasingly global, with operators from Russia, China, Africa and the Middle East competing for a share of the market.

The US has emerged as a major hub for Bitcoin mining in recent years, driven by rising coin prices and large-scale investments from companies such as CleanSpark and Riot. But American miners account for less than 50% of the global computing power needed to keep the Bitcoin network afloat, according to industry analysts.

Meanwhile, international competition continues to increase. In Eastern Europe, countries such as Kazakhstan are seeing an increase in demand for mining infrastructure. China is reportedly experiencing renewed activity despite its crypto mining ban in 2021. Africa, with its abundant hydroelectric energy, is rapidly becoming a hub, especially in Ethiopia. Even US-based mining firms like MARA are expanding overseas, including plans for a large-scale facility in Abu Dhabi.

Trump’s promise also faces domestic and international obstacles. Rising U.S. energy costs and potential trade conflicts with China could increase miners’ operational expenses. Most Bitcoin mining equipment is manufactured by China’s Bitmain, leaving American miners dependent on foreign supply chains.

Additionally, Trump’s campaign rhetoric could inadvertently impact miners who offer hosting services where customers from around the world rent capacity at U.S. facilities to mine Bitcoin.

Despite the obstacles, many in the industry see Trump’s support as a net positive. His energy-friendly stance and criticism of the Biden administration’s environmental regulations have won Trump favor among US miners. During the last election campaign, the cryptocurrency industry contributed $135 million to Trump’s fundraising efforts, the highest contribution of any industry.

*This is not investment advice.