Bitcoin Mining Tax Defeated (Debt Ceiling Deal)

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In this video, I discuss the breaking news that the US Bitcoin mining tax has been eliminated from the debt ceiling bill.

This was an unfair tax that politicized the use of electricity and would have had the undesirable effect of driving large US Bitcoin mining companies to dirtier grids overseas.

Banning Bitcoin or Bitcoin mining is like sawing off the branch that you are sitting on. It ends up hurting you and your country much more than the branch.

If you support technologies that make human lives better like:

Light bulbs
Electricity
Running water
Indoor heating and cooling

Then you should also support Bitcoin, which offers private property rights for 8 billion people that protects them from dictators and totalitarians.

Biden, McCarthy Voice Confidence Debt Deal Will Pass in Time:
https://www.bloomberg.com/news/articles/2023-05-28/biden-mccarthy-signal-confidence-that-debt-limit-deal-will-pass

White House Attacks Bitcoin Miners (Your Industry Is Next):
https://www.youtube.com/watch?v=27foizgtFUc&ab_channel=BitcoinUniversity

The DAME Tax: Making Cryptominers Pay for Costs They Impose on Others:
https://www.whitehouse.gov/cea/written-materials/2023/05/02/cost-of-cryptomining-dame-tax/

Bitcoin mining tax is dead for now:
https://twitter.com/WarrenDavidson/status/1663001207651155970

Warren Davidson:
https://en.wikipedia.org/wiki/Warren_Davidson

RFK, Jr. on Bitcoin mining:
https://twitter.com/RobertKennedyJr/status/1653808852972740608

Bitcoiners: A Powerful New Political Force:
https://www.youtube.com/watch?v=9Rse4H4QccI&ab_channel=BitcoinUniversity

China banned Bitcoin mining and became world’s No.2 Bitcoin miner:
https://forkast.news/china-banned-bitcoin-mining-became-no-2-bitcoin-miner/

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Not investment advice! Consult a financial advisor.

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#bitcoinmining

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