Bitcoin Businesses Feel Safe In The U.S. In Wake Of Trump Victory

Credit : bitcoinmagazine.com

This morning MARAthe biggest publicly traded Bitcoin mining firm, shared that it will likely be rolling out three new knowledge facilities within the US

Would it not have made such an announcement if Harris had gained the election? In all probability. (It isn’t like they arrange these knowledge facilities in a single day.)

However would they’ve made the announcement with such enthusiasm, highlighting the truth that the bitcoin the corporate mines might be “Made In USA”? In all probability not.

American computing energy is growing. At this time we announce the next:

-Three new knowledge facilities.
-Owned and operated in Ohio.
-372 megawatts of capability.#Bitcoin – Made within the USA. pic.twitter.com/ltDbhKrCHJ

— MARA (@MARAHoldings) November 11, 2024

The phrase “Made In USA” is probably going a nod to newly elected President Donald Trump, who says he needs all future bitcoins mined in the United States.

Since Trump gained the election, shares for bitcoin mining firms have skyrocketed throughout the board CleanSpark (CLSK) is even being discontinued on account of such breakneck upward value motion, indicating that not solely miners but in addition traders imagine that Bitcoin mining is welcome within the US and that the trade will flourish consequently.

And it isn’t simply Bitcoin miners who imagine Bitcoin firms can function safely within the US. Alex Leishman, CEO and CTO of Bitcoin Trade Riveradditionally believes that the Trump administration might be pleasant to Bitcoin firms (and Bitcoin holders).

Main dangers for Bitcoin have been eradicated or made considerably much less seemingly this yr:
– Federal Ban/Chokepoint (with Trump that is a lot much less seemingly)
– Dump Gox cash (cash have already been distributed)
– Ban on self-guardianship (much less seemingly with Trump)

— Alexander Leishman 🇺🇸 (@Leishman) November 11, 2024

On this tweet, Leishman seemingly references the promise Trump made in his keynote speech at Bitcoin 2024 to guard the proper to self-determination and to stop the federal forms from unlawfully cracking down on the Bitcoin and crypto industries.

Will Trump maintain all his guarantees? Arduous to say.

Nevertheless, it appears seemingly he’ll, given the cash talks and the Bitcoin/crypto foyer millions raised for Trump’s campaign.

However for now, there’s optimism, which is refreshing after 4 years of a Biden administration that left Bitcoin and crypto firms uneasy about their standing within the US.