“The United States Is Already Mining” Bitcoin… “Maybe,” Says Compass Mining CEO
December 03 2021 - 10:03AM
NEWSBTC
Does the Compass Mining CEO know something we don’t? Is The United
States mining Bitcoin? Whit Gibbs was a guest in a recent episode
of Anthony Pompliano’s “The Best Business Show” and spilled the
beans… or did he? The host cleverly disguised his question by
talking about other countries following El Salvador’s footsteps and
starting mining Bitcoin. He also mentioned Venezuela and other
not-friendly to the U.S. countries already doing it. Then, he asked
point-blank, what would it take for their country to start mining?
Related Reading | Will Bitcoin Mining Backed Volcano Bonds Be
Enough To Ward Off The IMF? “The United States is already mining,”
Gibbs answered. And then softened the blow with a “Maybe.” If true,
this is huge. And the implications are even greater. “They might
have like 10 or 20 watts running somewhere in the midwest to test
it out. Maybe. It’s hypothetically speaking. But, it’s a matter of
national security.” Was that hypothetical? Or was the Compass
Mining CEO giving us inside information? That’s what we’ll try to
figure out. But first, here’s the video: What Does The
Compass Mining CEO Know? Well, for starters, he knows Bitcoin is
the hardest asset ever created. “When it comes to mining, when
you’re talking about what Bitcoin is, whether it’s a store of
value, it’s a medium of exchange. It’s the future financial
instrument that many, many things are going to be built on top of.
Nations would have to be absolutely out of their mind to not be
getting some exposure to the underlying infrastructure which
supports it.” So, it’s safe to say that the Compass Mining
CEO is bullish on Bitcoin. Why do we think he might know something
the rest of the world doesn’t, though? Gibbs continues, “So, the US
I think is on the front foot. We’ve had a lot of conversations with
the government in DC, state governments, to help educate them, but
they are very forward-thinking when it comes to supporting this.”
So, does the Compass Mining CEO know something we don’t? Is The
United States mining Bitcoin already? Gibbs completes the idea by
saying that El Salvador is showing the way to countries that are
not at the forefront and, historically, have been hurt by the
current system. They now know that being early to Bitcoin can make
a huge impact and “get them there.” BTC price chart for 12/03/2021
on FTX | Source: BTC/USD on TradingView.com Other Countries That
Are Already Mining Bitcoin Story Time With Pomp And Gibbs. The host
senses that the guest knows something and tries to get it out of
him. Pompliano shares a story with him: he knows that in 2012-2013
a Federal law enforcement agency was mining Bitcoin. The rationale
was that they couldn’t get a budget approved to buy Bitcoin at
exchanges to fund black/ undercover operations. So, they filled
papers to get computers instead and started mining. The Bitcoin
they got was untraceable, it had no history. And they used it to
run operations. Then, it was Gibbs turn. “So, this is how you get
in trouble,” the Compass Mining CEO answered. Cleverly, he shifted
the focus from the U.S. to other countries. According to Gibbs, a
North African that’s a hotspot for the United States is getting
into Bitcoin Mining. This is happening at the presidential level.
Related Reading | Bitcoin Mining In The U.S.: 4 States Attract The
Most Miners Also, he lives in Latvia. A very close neighbor of
Latvia, “that may have stopped a plane no too long ago, to remove a
journalist,” is already mining Bitcoin with nuclear power. The
Compass Mining CEO closes his stellar presentation with, “I don’t
believe that they’re mining Bitcoin to skirt sanctions. I believe
that they’re mining Bitcoin because they see it as the future, and
they want to boost their economy, they want to grow.” You read it
here first, Bitcoin is the future and many world leaders know
it. Featured Image by Christopher Skor on Unsplash -
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