New Trade Tariffs Could Impact Global Bitcoin Mining Ecosystem

According to Odaily, U.S. President Donald Trump's announcement of new trade tariffs may exert additional pressure on the global Bitcoin mining ecosystem. Kristian Csepcsar, Chief Marketing Officer of BTC mining technology provider Braiins, noted that high-end chips used in cryptocurrency mining are predominantly manufactured in Asian countries affected by these tariffs. He highlighted that it could take the United States a decade to catch up in advanced chip manufacturing, potentially leading to short-term losses for domestic mining companies. Meanwhile, countries like Russia and Kazakhstan are intensifying their mining efforts and may surpass the United States in hash rate dominance.