Viewpoint: The remaining Bitcoin is either manufactured in the United States or is the hardest promise for Trump to fulfill

2024-12-26 22:17:50
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ChainCatcher news, according to Jinshi reports, as Trump prepares to fulfill a long list of campaign promises, the elected president vows to ensure that all remaining bitcoins are "made in America," which may become one of his most difficult promises to achieve. Ethan Vera, COO of Luxor Technology based in Seattle, stated that this is a typical Trump-style comment, but it does not align with reality.

Russian oligarchs and the Dubai royal family are some of the latest entrants into the competition. Their substantial funding and access to large amounts of electricity are driving them to join this lucrative yet energy-intensive process. It is expected that about 95% of the 21 million bitcoins that will eventually be created have already been minted; however, according to the hard cap, it is estimated that full production will take about 100 more years.

Taras Kulyk, CEO of Synteq Digital, stated: "There are several different markets that will see tremendous growth, with increasing demand in Eastern European countries like Kazakhstan, while sales are also rising in Asia, Africa, and the Middle East."

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