US President-elect Donald Trump has promised that all remaining Bitcoin will be “made in the USA”, but this vow seems impossible to fulfill given the current state of cryptocurrency mining.
Most Bitcoin is currently being mined outside the US, with major operations set up in countries like the UAE, Russia, and Africa. As a result, building new sites to meet Trump’s promise would require significant investments and logistical efforts.
The president-elect’s shift towards supporting the crypto industry was marked by a meeting at Mar-a-Lago last June, where he met with executives from prominent mining companies. This encounter appears to have cemented his newfound enthusiasm for cryptocurrencies.
Source: https://www.bloomberg.com/news/articles/2024-12-26/trump-s-made-in-usa-bitcoin-is-a-promise-impossible-to-keep