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In lower than two weeks, the US can have a brand new administration in workplace, however there’s already a lot debate about President-elect Donald Trump and his insurance policies.
Some of the controversial — his expressed curiosity in buying Greenland for strategic, financial and political causes.
Trump claims that purchasing Greenland can be very important to U.S. nationwide safety, each for monitoring and protection functions given its location close to Canada and Russia, in addition to its vitality.
On that be aware, Greenland is of curiosity given its huge quantity of pure sources in hydropower, wind energy, geothermal vitality, and uncommon earth minerals. That is significantly attention-grabbing from a Bitcoin perspective, particularly given Greenland’s chilly local weather and lack of Bitcoin mining there presently now presents a completely new alternative for the nation.
The vast majority of American Bitcoin mining at the moment is completed within the states of Texas, Georgia, New York and North Dakota. Buying Greenland may give the US the chance to mine in additional favorable situations and additional improve and decentralize the hashrate of Bitcoin.
This may be a strategic play for America, contemplating Russia’s Vladimir Putin had signed a legislation to legalize Bitcoin mining in August of 2024 and said in 2022 that the nation has “some competitive advantages” in Bitcoin mining given its chilly local weather.
With Donald Trump’s ongoing assist of American Bitcoin miners and expressed curiosity in main on this trade earlier than competing international locations embrace it — this provides Trump the chance to drastically increase U.S. dominance in Bitcoin mining underneath favorable situations.
This wouldn’t simply be a win for America, however Greenland would additionally profit from it as nicely. Greenland is extremely depending on the Danish authorities for monetary assist, and Bitcoin mining may supply another financial avenue. Greenland would then have the complete assist of the US authorities to make the most of their pure and untapped sources to mine Bitcoin and get anything they want assist in. Greenland would then have the ability to create extra jobs to construct the wanted infrastructure to run these operations and usher in further income from the mined bitcoin. And because the worth of Bitcoin goes up, that solely makes the mined BTC and mining operations all of the extra worthwhile. Looks as if a win-win to me.
Trump could be very keen to accumulate Greenland and make it a U.S. territory. If he does, it could possibly be an enormous increase for Bitcoin as nicely.
BREAKING: President Trump simply introduced that he’ll place large tariffs on Denmark in the event that they don't instantly relinquish all management of Greenland.
"We need Greenland for national security purposes."
LET THE 3D CHESS COMMENCE! pic.twitter.com/mZaqY3V2Y6
— George (@BehizyTweets) January 7, 2025
This text is a Take. Opinions expressed are fully the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
