PANews reported on December 29 that according to Cailian Press, US President-elect Trump's promise to ensure that all remaining Bitcoins are "Made in the USA" should be one of the most impossible to achieve. Industry insiders generally believe that Trump's promise is more seen as symbolic support for the cryptocurrency industry, which is almost impossible to achieve in practice. Because the 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. 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 the US economic sanctions and severe inflation in some emerging economies have prompted overseas miners to further expand their business. "There has been huge growth in several different markets," said Taras Kulyk, CEO of Synteq Digital. The company is one of the largest brokers of computers dedicated to Bitcoin mining. Kulyk said that with increased demand from Eastern European countries such as Kazakhstan, "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 largest expenses. But for the overall currency circle, Trump's benefits outweigh the disadvantages.
