Donald Trump Believes Bitcoin (BTC) Can Help the US Win the Artificial Intelligence (AI) Arms Race Against Chin

Bitcoin miners who attended Trump's closed-door event at his Mar-a-Lago resort in Palm Beach, Florida, have said that the (repeat) president hopeful thinks Bitcoin can help the US win the artificial intelligence (AI) arms race against China

Former United States President Donald Trump, who is seeking the Republican nomination for the 2024 presidential election, has reportedly expressed his belief that Bitcoin (BTC) can aid the US in emerging victorious in the artificial intelligence (AI) arms race against China.

Several Bitcoin miners who attended Trump’s closed-door event at his Mar-a-Lago resort in Palm Beach, Florida, have said that the (repeat) presidential hopeful thinks Bitcoin can help the US win the AI arms race against China, according to a June 13 report by Finbold.

Representatives from Riot Platforms (NASDAQ: RIOT), Marathon Digital Holdings (NASDAQ: MARA), Terawulf (NASDAQ: WULF), CleanSpark (NASDAQ: CLSK), Core Scientific (NASDAQ: CORZ), and other companies had a sit-down with Trump.

One topic was making Bitcoin a priority in the US, said Riot CEO Jason Les.

One of the participants was Bill Hagerty, a ranking member on the Senate’s Banking Committee and Finance Subcommittee and a vocal supporter of the crypto industry, who helped steer the conversation toward Bitcoin, energy, job creation, and the strategy to beat China in the AI arms race.

“When you talk about the grid and energy production, a lot of the conversation was around AI and the amount of energy that’s going to be needed there,” said Jayson Browder, senior vice president of Government Affairs at Marathon Digital Holdings.

“We were very impressed by how in the weeds [Trump] was on some topics when you’re talking about artificial intelligence, data centers, energy buildout, and transmission.”

At the same meeting, Trump was reportedly told about the energy consumption of Bitcoin mining and the fact that most mining operations are currently located in China.

“He wants to keep all of the remaining Bitcoin mining in the U.S. and out of China,” said Matthew Schultz, CleanSpark’s executive chairman and director, who also attended the working group at Mar-a-Lago.

“For him to be legitimately engaged in the Bitcoin industry and understanding the way that mining works was really awesome.”

Hours after the meeting concluded, Trump posted on his Truth Social account that “Bitcoin mining may be our last line of defense against a CBDC.”

Many politicians consider a central bank digital currency (CBDC) to be a threat to the US, as Finbold reported on June 12.

“Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left,” added Trump.

“We want all of the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”

Trump has recently made crypto assets one of the main points in his presidential campaign, voicing support for the industry and starting to accept crypto donations, whereas the Bitcoin miners who met with him said that his opponent, the current President Joe Biden, hadn’t been willing to hear them out.

Meanwhile, AI is starting to take center stage in the crypto sector, with AI tokens like Render (RNDR), Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) growing in popularity and price, bringing profits to their holders.

News source：https://www.kdj.com/cryptocurrencies-news/articles/donald-trump-believes-bitcoin-btc-win-artificial-intelligence-ai-arms-race-chin.html

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