Marathon Digital CEO Projects Bitcoin Mining Would Flourish If Donald Trump Wins Election
The top executives of renowned Bitcoin mining companies expect crypto mining to thrive under the Trump administration.
Days before the US 2024 general election, the Americans expressed different opinions on the leadership of Democrats against the Republicans. At the Bitcoin 2024 conference at Tennesee, the miners engaged in intense dialogue to deliberate on the future of the US crypto mining sector.
The panelists included the chief executive of CleanSpark, Zachary Bradford, the head of Riot Platforms, Jason Les, and the CEO of Marathon Digital Holding, Fred Thiel. The top executive of the fast-paced Bitcoin mining discusses how the US 2024 election will impact the entire crypto sector.
Donald Trump Expected to Attend Bitcoin 2024 Conference
Thiel reflected on events that took place during Biden’s administration when crypto assets were attacked. The executive noted that the Biden administration implemented programs such as Operation Chokepoint 2.0. that silently killed Bitcoin and crypto assets.
Thiel believes that the Bitcoin mining industry will blossom if the Republican presidential candidate, Donald Trump, retakes the White House in November. The executive project that the Americans will elect a crypto-friendly president.
Recently, the Republican candidate Joe Biden appointed his veep Kamala Harris to run the presidential race. The bowing out of Biden signaled a change to the crypto industry. Thiel noted that crypto assets played a significant role in the November election outcome.
The executive advised the US to consider having a strategic reserve on Bitcoin to reclaim its power. The French national argued that the US needs to be the largest holder of Bitcoin and own the most significant shares of crypto mining.
Crypto Community Anticipates Bitcoin Mining to Thrive Under Trump Leadership
Reflecting on the policies shared by the presidential candidate, the CEO of Riot Platforms anticipated Harris to succeed in Biden’s anti- crypto move. Les argued that by no chance will the Republican presidential candidate deviate from President Biden anti- crypto stance.
In his speech, the executive confirmed that the crypto industry does not require anything, not even a political campaign that fights the digital sector.
Other attendees of the Bitcoin 2024 event were eagerly waiting for Donald Trump’s speech at the conference. The man behind MAGA VP called Caesar stated that he wanted to hear Trump speak on the future of crypto.
Caesar seemed selective about what he wanted Trump to speak about at the event. He told the CoinDesk that he attended the event to discuss the future of crypto.
The event seemed to have more pro-crypto attendees as crypto advocate groups, including The Crypto Patriot, confirmed their attendance. On the campaign trail, The Crypto Patriot supported the Republicans by visiting different states to unify the crypto vote.
The group was renamed MAGA MEME PAC after supporting Trump’s reelection. The Crypto Patriot anticipates Trump to speak the pro-crypto tune at the event. The group confirmed it would help the US by having a Bitcoin reserve to restore the dollar’s stability.
Americans Anticipate Pro-Crypto Candidates to Win Election
Revisiting the dollar’s instability in the past few months, The Crypto Patriot noted that the US currency was under attack. Having emerged as a hyperpower country, the group stated that the world was watching America’s next move to restore the dollar’s stability.
From their research, the group advised Americans to support the dollar using Bitcoin to address the devaluation of the national currency. The group anticipates that making Bitcoin a reserve will drive economic prosperity to the country.
In a subsequent report, the renowned crypto advocate Mitchelle Bond recalled that Trump initially opposed digital assets. However, with the benefits associated with cryptocurrency, Trump reversed course and started to support the development of crypto assets.
She expected Trump to deliver a detailed speech on ways to maintain the growth of the crypto industry onshore. Bond expects the US to become a global leader in crypto development under Trump’s leadership.
The official confessed that she attended the conference to hear from Trump about his plans for the crypto industry. The political candidates vying in the 2024 election were advised to deliver their message regularly to attain crypto’s desired success.
Also, the crypto advocate urged the incoming leadership to hire the right financial regulators and fire individuals seeking to destroy the digital space. She advised Trump to create a crypto czar to advise on policy matters once he ascended office in November.
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