Bitfarms CEO: Trump claims making remaining Bitcoin "MADE IN THE USA" is unachievable

2024-11-02 21:59:23

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ChainCatcher news, according to Cointelegraph, cryptocurrency mining company Bitfarms CEO Ben Gagnon stated that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the U.S. will solidify its position as the most competitive place for Bitcoin mining globally, making it absolutely possible and desirable for the U.S. to become the number one country for Bitcoin mining.

However, he acknowledged that due to the decentralized nature of Bitcoin's infrastructure, it is impossible for the remaining Bitcoin mining to be concentrated in one country, making it impossible for 100% of Bitcoin to be mined in the U.S. or any other single country, which fundamentally contradicts the core principles of Bitcoin's creator, Satoshi Nakamoto.

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