Donald Trump, the former US president and current candidate for the presidency, believes that Bitcoin, the largest cryptocurrency on the market, could play a crucial role in winning the artificial intelligence (AI) arms race against China. This information was reported by CNBC on June 13.
Recently, Trump met with Bitcoin miners at his Mar-a-Lago resort in Palm Beach, Florida. According to reports, the miners stated that Trump sees the potential of Bitcoin in helping the US secure victory in the AI arms race.
During the gathering, reporter Jason Les highlighted that one of the key discussions was about the US leading in various aspects and also aiming to be at the forefront in Bitcoin.
On June 12, Trump publicly expressed his support for cryptocurrency mining, including Bitcoin production in the country. He met with key figures from the crypto mining sector, including Matthew Schultz, executive chairman of CleanSpark Inc., who praised Trump’s positive stance on cryptocurrencies, especially Bitcoin mining. Riot Platforms CEO Jason Les and head of public policy Brian Morgenstern also had discussions with the former president. Morgenstern stated, “President Trump will protect your right to own Bitcoin, mine Bitcoin, transact Bitcoin, and work in the Bitcoin industry.”
In a recent statement, Trump emphasized his support for the cryptocurrency industry, underscoring the important role of Bitcoin mining in stabilizing the energy grid. He also expressed concerns about the potential threat of a Central Bank Digital Currency (CBDC) and criticized President Biden’s stance on Bitcoin, stating that it only benefits China, Russia, and the Radical Communist Left.
At the time of writing, the price of Bitcoin was $67,217.49, showing a 1.1% increase in the last 24 hours.
Disclaimer: The views expressed in this article are for informational purposes only and do not constitute financial or investment advice. Investing in cryptocurrencies carries a risk of financial loss.