Industry insider: "The remaining Bitcoin is made in the United States" is a Trump-style statement, absolutely not reality

President-elect Trump's promise to ensure that all remaining Bitcoin is "Made in the USA" should be one of the most unlikely promises to be achieved. Industry insiders generally believe that Trump's promise is more of a symbolic support for the cryptocurrency industry, and it is almost impossible to achieve in practice. Because blockchain is a decentralized network, no one controls or is prohibited from participating in the process. The computing power of domestic miners in the United States is still far less than half of the global total, so it is almost impossible for American companies to support the entire Bitcoin network entirely. Ethan Vera, chief operating officer of Luxor Technology, a Seattle company that provides software and services to miners, said: "This is Trump-style rhetoric, but it is definitely not reality." Other analysts pointed out that US economic sanctions and severe inflation in some emerging economies have prompted overseas miners to further expand their business. Taras Kulyk, CEO of Synteq Digital, said, "There has been huge growth in several different markets." The company is one of the largest brokers of computers dedicated to Bitcoin mining. Kulyk said that demand has increased in Eastern European countries such as Kazakhstan, and "sales to Asia, Africa and the Middle East are all rising." Other analysts pointed out that Trump's policies may also bring challenges to American miners, such as his trade policies that may lead to higher costs for Bitcoin mining equipment. For miners, electricity and equipment are the two biggest expenses. But for the entire cryptocurrency community, Trump's benefits outweigh his disadvantages. (Cailian News Agency)