MARA’s ‘Trump 47’ block highlights anticipation for pro-Bitcoin president
MARA Holdings has embedded an AI portrait of Donald Trump on the Bitcoin blockchain, marking a significant gesture as the industry anticipates a pro-crypto presidency. The "Trump 47" block was mined on January 17, with CEO Fred Thiel stating it honors Trump for his Bitcoin support. Trump's pro-miner stance emerged after discussions with industry executives about making the U.S. a Bitcoin mining hub. He has pledged to ensure all remaining coins are mined in the U.S. Hive Digital has relocated its headquarters to Texas, citing Trump's election as a factor. Trump aims to implement policies for cheaper energy for miners. He has nominated pro-crypto figures for key positions, including Paul Atkins for the SEC and David Sacks as an AI and crypto czar. Discussions are ongoing about establishing a strategic Bitcoin reserve, with proposals like the BITCOIN Act of 2024 suggesting significant Treasury acquisitions. Industry leaders express mixed views on the likelihood of Trump recognizing Bitcoin as a reserve asset early in his term.
