Bitcoin: Made in the USA? 🇺🇸

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📝 What you need to know

Donald Trump is only weeks away from being sworn in for his second term, and as his White House return nears, there’s potential for the pro-crypto candidate’s campaign trail promises to become reality.

But here’s one that might be too ambitious even for the President of the United States of America: Trump’s stated desire to have “all remaining Bitcoin made in the USA.”

While new data this week shows that U.S. firms’ share of Bitcoin mining is growing, topping 40%, analysts tell Decrypt that trying to take over all mining on the decentralized network is not only highly unlikely, but almost certainly impossible.

“The U.S. lacks the electrical infrastructure, physical computing hardware (mining machines), and sufficiently low energy costs to become the only place for mining all remaining Bitcoin,” said Compass Mining Chief Revenue Officer CJ Burnett—though his firm is excited about Trump’s “eagerness” for the industry.

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