Trump’s 8 Bitcoin Promises: A Reality Check

Promise #1: ‘All Remaining Bitcoin Mined in USA’

Trump wants America to dominate Bitcoin mining, claiming it’ll make us the “energy leader.” Here’s why this smells like political theater:

• Math problem: Only 10% of 21M BTC remains unmined
• Decentralization paradox: Centralizing mining contradicts Satoshi’s vision (Bitfarms CEO agrees)
• Energy reality: US already leads with 35-40% hash rate (no need for artificial mandates)

My take: This reeks of nationalist posturing. The market - not politicians - should decide mining locations.

Promise #2: Paying $35T Debt With Crypto

The suggestion that crypto could erase US debt is…creative accounting at best. Consider:

• Current BTC market cap: ~\(1.2T vs \)35T debt
• Even if Treasury bought ALL Bitcoin tomorrow, we’d still owe $33.8T

Ric Edelman’s rebuttal nails it: “An interesting campaign soundbite - nothing more.”

Promise #3: National Bitcoin Reserve

This actually has legs. With Senator Lummis proposing a 100K BTC reserve bill, we might see: ✔ Hedge against dollar devaluation
✔ Institutional validation of BTC as reserve asset
✖ Legal hurdles around seized coins (looking at you, Bitfinex case)

Promise #4: Firing Gary Gensler Day One

Every crypto trader’s fantasy, but legally messy:

• SEC chairs serve fixed terms (Gensler until June 2026)

  Without documented misconduct, removal could trigger lawsuits and market uncertainty - exactly what crypto doesn’t need.

(Continues with analysis of remaining promises following same structure)

Final Verdict: While some proposals show promise (like the advisory council), most are either politically impossible or economically illiterate. Crypto investors should focus on fundamentals - not presidential pandering.