When President-elect Donald Trump made a bold claim that all remaining Bitcoin should be “made in the U.S.A.,” it definitely turned heads. But is this really achievable? According to experts, it might be more of a dream than a reality.
Ethan Vera, a tech expert at Luxor Technology, didn’t mince words when he called Trump’s statement “Trump-like” but not exactly realistic. Why? Because Bitcoin operates on something called a decentralized network. Simply put, no one—not even the U.S.—can fully control it. It’s a global process, with participants from all corners of the world.
Trump’s promise, made in a Truth Social post last June, sounds more symbolic than practical. The Bitcoin industry is already super competitive, with large-scale mining operations popping up everywhere, from Russia to Dubai to Africa. These regions are all after their share of the multi-billion-dollar pie.
In fact, over 95% of Bitcoin has already been mined, with just a fraction left to go. But that doesn’t mean the race is over. The crypto world is still growing, and while Trump hopes to make America the leader in this space, it’s a tough challenge.
But as Trump’s team puts it, they’re determined to push the U.S. to the forefront of cryptocurrency innovation. Whether that vision will become a reality is yet to be seen, but one thing’s for sure—the crypto race is on, and everyone’s involved.
What do you think—can America lead in crypto? Let us know!