In a surprise move, former U.S. President Donald Trump has expressed his support for bitcoin miners, promising to advocate for their interests in the White House. Trump met with representatives from the U.S. bitcoin mining industry on Tuesday, signaling a significant shift in his stance on cryptocurrencies.
According to a report from Bloomberg, Trump told the group of attendees that he understands the role of bitcoin mining in stabilizing the energy grid and that he would advocate for bitcoin miners in the White House. The meeting was organized by Bitcoin Magazine and included notable executives from the bitcoin mining sector.
Following the meeting, Trump took to his social media platform, Truth Social, to express his support for bitcoin mining. He wrote:
“Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”
Trump’s sudden change of heart on cryptocurrencies is a significant departure from his previous stance. In 2019, he described the value of bitcoin and cryptocurrencies as “based on thin air.” However, it appears that Trump has undergone a change of heart, recognizing the potential benefits of the industry.
The meeting with bitcoin miners was seen as a significant move by Trump to woo the crypto community ahead of the upcoming presidential election. Trump’s campaign has been actively courting the crypto community, with his campaign accepting crypto donations.
In an op-ed for Bitcoin Magazine, Brian Morgenstern, a representative from Riot, wrote that Trump will “protect your right to own Bitcoin, to mine Bitcoin, to transact with Bitcoin, and for many of us, to work in the Bitcoin industry.”
Trump’s support for bitcoin miners has been met with skepticism by some in the crypto community, who remain wary of his previous anti-crypto rhetoric. However, his sudden change of heart has sparked hope among some that he may be willing to listen to the concerns of the industry.
In a related move, Trump recently pledged to commute the sentence of Ross Ulbricht, a convicted Silk Road operator, if he were elected. Additionally, Trump is now accepting crypto donations, a significant shift from his previous stance.

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