America

Buying Greenland Would Be A Huge Boost to US Bitcoin Mining

Published

11 hours ago

January 9, 2025

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In less than two weeks, the United States will have a new administration in office, but there’s already much debate about President-elect Donald Trump and his policies.

One of the most controversial — his expressed interest in purchasing Greenland for strategic, economic and political reasons.

Trump claims that buying Greenland would be vital to U.S. national security, both for monitoring and defense purposes given its location near Canada and Russia, as well as its energy.

On that note, Greenland is of interest given its vast amount of natural resources in hydropower, wind power, geothermal energy, and rare earth minerals. This is particularly interesting from a Bitcoin perspective, especially given Greenland’s cold climate and lack of Bitcoin mining there currently now presents an entirely new opportunity for the country.

The majority of American Bitcoin mining today is done in the states of Texas, Georgia, New York and North Dakota. Purchasing Greenland could give the United States the opportunity to mine in more favorable conditions and further increase and decentralize the hashrate of Bitcoin.

This could also be a strategic play for America, considering Russia’s Vladimir Putin had signed a law to legalize Bitcoin mining in August of 2024 and stated in 2022 that the country has “some competitive advantages” in Bitcoin mining given its cold climate.

With Donald Trump’s ongoing support of American Bitcoin miners and expressed interest in leading in this industry before competing countries embrace it — this gives Trump the opportunity to drastically expand U.S. dominance in Bitcoin mining under favorable conditions.

This wouldn’t just be a win for America, but Greenland would also benefit from it as well. Greenland is highly dependent on the Danish government for financial support, and Bitcoin mining could offer an alternative economic avenue. Greenland would then have the full support of the United States government to utilize their natural and untapped resources to mine Bitcoin and get anything else they need support in. Greenland would then be able to create more jobs to build the needed infrastructure to run these operations and bring in additional revenue from the mined bitcoin. And as the price of Bitcoin goes up, that only makes the mined BTC and mining operations all the more valuable. Seems like a win-win to me.

Trump is very eager to acquire Greenland and make it a U.S. territory. If he does, it could be a massive boost for Bitcoin as well.

BREAKING: President Trump just announced that he will place massive tariffs on Denmark if they don't immediately relinquish all control of Greenland.
"We need Greenland for national security purposes."
LET THE 3D CHESS COMMENCE! pic.twitter.com/mZaqY3V2Y6
— George (@BehizyTweets) January 7, 2025

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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America

Michael Saylor's Trump Meeting Is Turbo Bullish for Bitcoin

Published

6 days ago

January 3, 2025

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Last night, President-elect Donald Trump’s son, Eric Trump, posted a photo of himself at Mar-a-Lago with MicroStrategy Executive Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”

This is so unbelievably bullish — let me explain.

For the last four years, under the Biden-Harris administration with total Democrat control, the U.S. government did their best to terrorize this industry and attack us. The overwhelming majority of the Democrat party did not support Bitcoin and followed Elizabeth Warren’s lead on demonizing the industry and its participants. They weaponized the justice system to arrest Bitcoiners, tried to tax our unrealized gains, stopped pro-Bitcoin legislation from being signed into law, de-banked industry participants via Operation Chokepoint 2.0, refused to support Bitcoin in any meaningful way, and so much more.

They were truly anti-Bitcoin. If Kamala Harris had won the presidential election, their reign of terror on Bitcoin would have continued for at least four more years. But now, the Democrats’ war on Bitcoin in America is finally coming to an end. And a new administration is coming in — and they love Bitcoin.

Donald Trump is not even officially in office yet, and his family is already inviting Michael Saylor to his estate in Mar-a-Lago to discuss Bitcoin further. This isn’t the first time he’s done something like this either, like in 2024 when Trump invited American Bitcoin mining giants there to learn more about the industry and what he needs to do to best support them.

It is important to note that just two weeks ago, Saylor said on Bloomberg that he would be open to advising Donald Trump on Bitcoin. And now with him being at Mar-a-Lago, I think it is safe to speculate that something big might be brewing here.

The Trumps understand Bitcoin and continue to show their support for the asset and industry. Eric Trump recently gave a great speech at the Bitcoin MENA Conference in Abu Dhabi, explaining the characteristics that make Bitcoin an invaluable asset while also sharing his family’s personal experience being de-banked, and how Bitcoin protects individuals from being cancelled. Donald Trump Jr. made an appearance at the Bitcoin 2024 Conference in, along with his father, and showed lots of support for this asset and industry.

Donald Trump has committed to releasing Bitcoiners (Ross Ulbricht) from prison, sign pro-Bitcoin legislation into law, work with the industry to help us thrive, end Operation Chokepoint 2.0, appointed an official Crypto Czar, said “Bitcoin and crypto will skyrocket like never before” under his administration, and so much more.

Even if you’re not a fan of Trump, you have to acknowledge and give him and his family credit for the good work they’re doing to make a regulatory friendly environment for this industry to thrive in. Imagine all this industry can accomplish over the next four years being supported by the President, allowing us the room to innovate and build without fear of being harassed and demonized by our own government. I would say the sky is the limit but it’s even better than that.

Four years is a long time, especially in this industry. Lots can happen during that time and I am incredibly bullish on the future of Bitcoin in America under this incoming Trump administration.

Michael Saylor: "Bitcoin is on the menu at Mar-a-Lago."
AMERICA IS EMBRACING #BITCOIN LIKE NEVER BEFORE 🇺🇸 pic.twitter.com/7c2NJG7Kzd
— Nikolaus Hoffman (@NikolausHoff) January 3, 2025