- Donald Trump wants all the remaining Bitcoin to be “made in the USA.”
- Bitcoin’s Miner Reserve sat at its lowest since February 2010.
In a post on the social media platform Truth Social on the 11th of June, Republican presidential candidate Donald Trump said that he wanted all remaining Bitcoin [BTC] to be,
“MADE IN THE USA!!!”
According to the presidential candidate, this would help the country remain “energy dominant.”
Trump made that post after meeting executives from Bitcoin mining companies, including CleanSpark Inc., Riot Blockchain, and Galaxy Digital, at his Florida Mar-a-Lago.
His recent post on Truth Social forms part of his recent pro-crypto campaign.
In May, The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” crypto assets accepted through Coinbase toward his presidential bid.
In the same month, Trump took to Truth to state that the United States should strive to be the leader in the cryptocurrency industry.
Trump’s recent endeavors stand in clear juxtaposition to President Joe Biden, who appears to have taken a stringent stance toward the industry.
For example, in his 2025 budget proposal, the president suggested a 30% tax on electricity used for Bitcoin mining and other regulations targeting the cryptocurrency industry.
Following Trump’s post, Bitcoin mining stocks have soared by double digits.
Among the top 10 largest Bitcoin miners by market capitalization, TeraWulf (WULF) and Hut 8 Mining (HUT) have seen their values rise by 11% and 10% in the past 24 hours, according to Google Finance.
Bitcoin Miner Reserve continues to crater
Since the conclusion of the fourth halving event on the 14th of April, Bitcoin’s Miner Reserve has dropped. At 1.81 million BTC as of this writing, the amount of coins held in affiliated miners’ wallets has been reduced by 0.33%.
According to CryptoQuant’s data, at press time, the Bitcoin Miner Reserve held the lowest number of coins since 2010.
Source: CryptoQuant
When the Miner Reserve declines this way, it suggests that many miners on the Bitcoin network are their coins for profit or to sort mining costs.
Further, after climbing to a year-to-date high of 118,627 on the 30th of March, Miner Deposit Transactions on the Bitcoin network have since plummeted.
Read Bitcoin’s [BTC] Price Prediction 2024-2025
This metric tracks the total number of coin deposits made to miners’ wallets.
When it decreases, it means BTC miners are buying fewer coins.
- Donald Trump wants all the remaining Bitcoin to be “made in the USA.”
- Bitcoin’s Miner Reserve sat at its lowest since February 2010.
In a post on the social media platform Truth Social on the 11th of June, Republican presidential candidate Donald Trump said that he wanted all remaining Bitcoin [BTC] to be,
“MADE IN THE USA!!!”
According to the presidential candidate, this would help the country remain “energy dominant.”
Trump made that post after meeting executives from Bitcoin mining companies, including CleanSpark Inc., Riot Blockchain, and Galaxy Digital, at his Florida Mar-a-Lago.
His recent post on Truth Social forms part of his recent pro-crypto campaign.
In May, The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” crypto assets accepted through Coinbase toward his presidential bid.
In the same month, Trump took to Truth to state that the United States should strive to be the leader in the cryptocurrency industry.
Trump’s recent endeavors stand in clear juxtaposition to President Joe Biden, who appears to have taken a stringent stance toward the industry.
For example, in his 2025 budget proposal, the president suggested a 30% tax on electricity used for Bitcoin mining and other regulations targeting the cryptocurrency industry.
Following Trump’s post, Bitcoin mining stocks have soared by double digits.
Among the top 10 largest Bitcoin miners by market capitalization, TeraWulf (WULF) and Hut 8 Mining (HUT) have seen their values rise by 11% and 10% in the past 24 hours, according to Google Finance.
Bitcoin Miner Reserve continues to crater
Since the conclusion of the fourth halving event on the 14th of April, Bitcoin’s Miner Reserve has dropped. At 1.81 million BTC as of this writing, the amount of coins held in affiliated miners’ wallets has been reduced by 0.33%.
According to CryptoQuant’s data, at press time, the Bitcoin Miner Reserve held the lowest number of coins since 2010.
Source: CryptoQuant
When the Miner Reserve declines this way, it suggests that many miners on the Bitcoin network are their coins for profit or to sort mining costs.
Further, after climbing to a year-to-date high of 118,627 on the 30th of March, Miner Deposit Transactions on the Bitcoin network have since plummeted.
Read Bitcoin’s [BTC] Price Prediction 2024-2025
This metric tracks the total number of coin deposits made to miners’ wallets.
When it decreases, it means BTC miners are buying fewer coins.
can i buy clomid no prescription can i get generic clomiphene without insurance buy generic clomid without dr prescription can i order cheap clomiphene pills generic clomid 100mg where can i buy clomid without prescription cost of cheap clomiphene without rx
This website really has all of the bumf and facts I needed adjacent to this participant and didn’t comprehend who to ask.
Palatable blog you possess here.. It’s obdurate to on strong quality belles-lettres like yours these days. I justifiably comprehend individuals like you! Take vigilance!!
order zithromax 250mg online cheap – generic azithromycin flagyl usa
buy semaglutide without a prescription – order cyproheptadine 4mg generic periactin 4 mg brand
buy cheap generic domperidone – order domperidone 10mg flexeril pills
where to buy augmentin without a prescription – atbioinfo buy acillin tablets
nexium cheap – https://anexamate.com/ order nexium for sale
buy generic coumadin over the counter – https://coumamide.com/ buy generic cozaar online
deltasone 10mg generic – https://apreplson.com/ order prednisone generic
male erection pills – online ed pills non prescription ed drugs
amoxicillin drug – https://combamoxi.com/ amoxicillin sale
order diflucan 200mg – https://gpdifluca.com/ diflucan 200mg usa
escitalopram 10mg usa – order escitalopram online lexapro cost
cenforce over the counter – https://cenforcers.com/# cenforce oral
where to buy cialis soft tabs – https://ciltadgn.com/ cialis online without prescription
zantac 300mg tablet – click zantac over the counter
This is the stripe of content I enjoy reading. viagra 50mg precio
More posts like this would make the online space more useful. order furosemide for sale
More posts like this would bring about the blogosphere more useful. https://ursxdol.com/ventolin-albuterol/
I couldn’t turn down commenting. Adequately written! https://prohnrg.com/
Good blog you have here.. It’s severely to find high quality script like yours these days. I honestly appreciate individuals like you! Take guardianship!! https://aranitidine.com/fr/levitra_francaise/
Good blog you possess here.. It’s intricate to espy high quality script like yours these days. I justifiably appreciate individuals like you! Rent mindfulness!! https://ondactone.com/spironolactone/