Mining Stocks Soar Amidst Trump's Bitcoin Mining Mention
CryptoNewsTerminal Staff13 Jun, 2024
Mining Stocks Soar Amidst Trump's Bitcoin Mining Mention
Mining stocks like Teraulf and Hive Digital Technology are experiencing a surge after former President Donald Trump's social media comments regarding Bitcoin mining. Trump emphasized the importance of Bitcoin mining as a potential safeguard against Central Bank Digital Currencies (CBDCs). He declared that he would oppose CBDCs if re-elected. Industry experts suggest that Trump's statements have boosted investor confidence in Bitcoin mining companies, leading to the surge in stock prices. The crypto community has taken notice of Trump's endorsement, with some speculating that it could provide a boost to Bitcoin adoption and mainstream acceptance.