Today, Donald Trump met with Bitcoin Magazine CEO David Bailey and several prominent US Bitcoin miners. The meeting saw Trump commit to Bitcoin mining both in Washington DC and on the world stage.
Today was a historic moment in our journey towards hyperbitcoinization. The former and next President of the United States rallied America’s hashrate and committed to fighting for our cause in DC and on the world stage. Bitcoin will flourish in 🇺🇸
Orange Man+Orange Coin= Good pic.twitter.com/YhfzoJg19g
— David Bailey🇵🇷 $0.65mm/btc down (@DavidFBailey) June 12, 2024
Among the attendees were representatives of leading Bitcoin mining companies, including CleanSpark, Riot Platforms, Marathon Digital, and other key industry players. Key figures present include Matthew Schultz from CleanSpark, Jason Les and Brian Morgenstern of Riot Platforms, Salman Khan of Marathon Digital, and Amanda Fabiano of Fabiano Consulting, former Head of Mining at Galaxy and Director of Bitcoin Mining at Fidelity.
Today, Riot’s CEO, @JasonLes_and Riot’s Head of Public Policy, @MorgensternNJhe met @realDonaldTrump to discuss #Bitcoin mining and energy. 🇺🇸
"President Trump will protect your right to own Bitcoin, to mine my Bitcoin, to work with Bitcoin, and for many of us, to work in… pic.twitter.com/T0CFKR3hOv
– Riot Platforms, Inc. (@RiotPlatforms) June 12, 2024
Trump’s support for Bitcoin is very different from his opponent, Joe Biden. The current administration, under Biden, has taken a hostile approach to the industry, including reluctance to accept Bitcoin and other cryptocurrencies. The Biden administration has been seen as less supportive of Bitcoin, and more supportive of Central Bank Digital Currency (CBDC).
A few weeks ago, Donald Trump historically became the first US President to accept contributions to the Bitcoin Lightning Network, following comments he made recently saying that he wants the future of crypto to be American, and not driven overseas due to strict regulations. Trump also said he would “support the right to self-preservation for the 50 million nations of crypto owners.”
As Trump leads the presidential race, his support for Bitcoin and cryptocurrency is gaining him a lot of support in the crypto community. With more than 50 million Bitcoin and cryptocurrency holders in the United States, Trump’s commitment to the industry could play a key role in securing success in November.
