The broad tariffs imposed by the Trump administration could lead to a collapse in demand for bitcoin miners in the United States, which would benefit mining operations outside the United States as manufacturers look for markets outside the United States to sell their excess inventory at cheaper prices, said Jaran Mellerud, CEO of Hashlabs Mining.
"As U.S. machine prices rise, their prices elsewhere in the world could paradoxically decline," Mellerud said in an April 8 report. "Demand for shipping machines to the U.S. is expected to plummet, possibly close to zero."
"Manufacturers will be left with excess inventory that was originally intended for the US market. To deal with this surplus inventory, they may need to lower prices to attract buyers from other regions." Mellerud said the drop in mining prices could allow mining operations outside the US to expand and take a larger share of bitcoin's total computing power.
Opinion: Trump's tariffs could lower bitcoin mining prices outside the United States
2025-04-09 01:26:34
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