The idea of onshoring bitcoin mining is all well and good, and has been happening ever since China banned the practice in 2021. But, if you take Trump literally, calling for all bitcoin miners to be located in a single region suggests a profound ignorance of what Bitcoin is, how it works and why it's powerful.
"We absolutely want the world's most powerful man to signal to every other power brokers that Bitcoin mining is a geopolitical issue. That's how you get everyone to start mining. That's how you decentralize the network," Bergeron wrote...
In any event, it's unlikely the hashrate would ever centralize in any one region, given that there are bitcoiners the world over, who would be difficult even for the President of the United States to prevent from mining.
So the real question here is whether the U.S. attempting to dominate the bitcoin mining trade through government support or even subsidy would inspire other governments to incentivize do
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