Donald Trump expressed his support for the cryptocurrency market at a Nashville conference, promising to establish a national Bitcoin reserve and calling for SEC Chairman Gary Gensler's resignation.
U.S. Aims to Expand Mining Activities
Trump indicated that Bitcoin mining should intensify within the U.S., supporting the vision of 'Bitcoin produced in America.' However, experts caution that U.S. miners control less than 50% of the global mining share. Taras Kulyk, CEO of Synteq Digital, stated that significantly more is needed for the U.S. to reclaim leadership.
Bitcoin Continues to Gain Value
Positive expectations regarding Trump's re-election potential have fueled Bitcoin price increases, but the momentum has slowed recently. At the conference, Trump stated that the U.S. will not fall behind anyone in cryptocurrency and will become a great leader.
Trump's statements bolster the optimistic sentiment in the cryptocurrency market, with experts anticipating positive developments by 2025 and beyond.
