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The radical prices of the Trump administration could collapse the American demand for mining platforms and then reduce the costs of Bitcoin minor outside the United States, explains the CEO of Hashlabs Mining, Jaran Mellerud.
“As the prices of machines are increasing in the United States, they could paradoxically decrease in the rest of the world,” wrote Bitcoin Mining Executive in an April 8 report.
United States currently 40% of the Hashrate of Bitcoin Global
Mellerud said the United States is a major player in the Bitcoin Asic (Application Integrated Circuit), and that the United States currently represents 40% of the global Bitcoin hashrate.
The mining executive later predicted that the recent price Announced by President Donald Trump will increase 22 to 36% of the cost of machines imported into the United States.
This could make operations financially unbearable, given the “cost sensitivity” of the Bitcoin mining industry, added the mining executive.
“The request for shipping machines to the United States should fall, probably to more zero,” wrote Mellerud. This will leave manufacturers with excess stocks for the American market.
In order to unload the excess, they will have to reduce prices to attract buyers to the regions of the order, he added.
Trump says countries “embrace my ass” for trade agreements
Mellerud’s report comes like the Asset The administration degenerates the World Trade War to double its prices imposed on imported goods. Trump yesterday pushed the prices on Chinese products more than 100% after Beijing refused to withdraw his reprisal rates.
It was after the Trump administration announced a 10% reference rate on goods imported from all countries on April 2.
Speaking at the National Republican Congressional Committee (NRCC) dinner on April 8, Trump said that countries “embrace my ass” to conclude trade agreements following the series of prices that recently entered into force.
Breaking: Donald Trump right now:
And don’t leave some of these politicians … let me tell you. These countries call me, kiss my ass, they die from wanting to conclude an agreement (commercial) … “Please, sir, let me make an agreement, I will do anything, I will do anything sir.” pic.twitter.com/p7c7kdnztb
– Unusual_whales (@unusual_whales) April 9, 2025
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