Bitcoin Investment Tips

Bitcoin Investment Tips from Donald Trump Endorses Bitcoin Mining, Advocates for U.S. Energy Dominance and Defense Against CBDCs.

Key Takeaways:

• Donald Trump backs Bitcoin mining after meeting with US crypto mining leaders.
• The former president wants the US to produce all remaining Bitcoin to boost energy dominance.
• Trump calls Bitcoin a defense against central bank digital currencies.

Trump Meets Bitcoin Miners and Voices Backing  Bitcoin Investment Tips

Former President Donald Trump hosted a meeting with several Bitcoin mining executives at his Mar-a-Lago estate on Tuesday, June 12.

Following the meeting, Trump took to Truth Social, declaring that he wanted “all the remaining Bitcoin to be MADE IN THE USA!!!”

He argued that his plan would help the country become “energy dominant” and that Bitcoin represented America’s “last line of defense” against a potential central bank digital currency (CBDC) by the Federal Reserve.

Industry leaders such as Riot Platforms CEO Jason Les, CleanSpark’s Matthew Schultz, and TeraWulf’s Amanda Fabiano attended. Bitcoin Investment Tips

The topics discussed with the Republican candidate include how the mining industry can create jobs and strengthen the power grid.

The meeting comes as the Bitcoin mining industry faces pressure and scrutiny from authorities over its energy consumption, carbon emissions, and potential strain on power grids.

Trump, who had previously called Bitcoin a “scam,” has changed his stance in the run to November’s presidential race to entice crypto natives. Now, he’s embracing the label “crypto president” and even accepting crypto donations for his campaign. Bitcoin Investment Tips

Our industry has faced an enormous amount of political struggle, fueled by misinformation and misguided narratives. Bitcoin Investment Tips

Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.

We must encourage growth of the Bitcoin mining… pic.twitter.com/jLtV8uXJwP

The real estate mogul’s change of heart has resonated with many Bitcoin enthusiasts. Amanda Fabiano, a seasoned industry expert and current Terra Wulf executive, is thrilled about this development.

Having previously led mining operations at Galaxy, Fabiano stresses that the industry needs more leaders who are genuinely interested in learning about Bitcoin mining and its benefits.

Bitcoin Slides Below $66K, $250M in Leveraged Trades Liquidated Ahead of Key Economic Events

The cryptocurrency market downtrend coincided with Donald Trump’s meeting with major Bitcoin mining executives on Wednesday.

As Trump voiced support for the mining industry and a “Made in the USA” Bitcoin, the crypto markets saw a sharp sell-off ahead of this week’s important U.S. inflation data and Federal Reserve policy meeting.

Bitcoin started trading at around $71,800 in the month but plunged to a three-week low of $66,170 during yesterday’s U.S. trading session. While it slightly rebounded to around $66,500, it still recorded a nearly 5% decline over the previous 24 hours.

The sudden downturn saw over $250 million liquidated in leveraged positions across all cryptocurrencies, according to data from CoinGlass.

Analysts expect the Federal Open Market Committee’s (FOMC) interest rate projections, known as the “dot plot,” and Fed Chair Jerome Powell’s forward guidance during the press conference to be Bitcoin’s most significant price movers, given its renewed sensitivity to interest rate expectations.

Despite the short-term headwinds, some market observers noted positive signs during the sell-off, suggesting a potential quick recovery.