Trump Embraces Bitcoin Mining to Court Tech and Crypto Industries for 2024 Re-Election Bid

In a surprising turn of events, former President Donald Trump has recently expressed his support for Bitcoin mining in the United States. This shift in stance comes as Trump seeks to court the tech and cryptocurrency industries in his bid for re-election in 2024.

Trump's newfound support for Bitcoin mining was revealed during a meeting with several Bitcoin miners at his Mar-a-Lago estate in Florida. According to Matthew Schultz, executive chairman at CleanSpark Inc., a prominent Bitcoin mining company, Trump has pledged to support the industry if he is re-elected.

In a post on his Truth Social platform, Trump stated, "We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT." This statement aligns with Trump's previous criticisms of President Joe Biden's proposed 30% tax on the electricity used by Bitcoin miners in the United States.

Trump's support for Bitcoin mining is seen as a strategic move to attract the backing of the tech and cryptocurrency industries, which have become increasingly influential in recent years. By positioning himself as a champion of Bitcoin mining, Trump hopes to tap into the growing interest in cryptocurrencies and blockchain technology among younger voters.

However, Trump's newfound support for Bitcoin mining has also raised questions about his previous stance on cryptocurrencies. In 2021, while serving as President, Trump stated that Bitcoin "seems like a scam." His recent pivot has been attributed to the changing political landscape and the growing influence of the cryptocurrency industry.

As the 2024 presidential election approaches, Trump's support for Bitcoin mining is likely to be a key issue for voters in the tech and cryptocurrency communities. Whether this support will translate into votes remains to be seen, but it is clear that Trump sees the cryptocurrency industry as a valuable ally in his quest for re-election.