Marathon Digital CEO Fred Thiel claimed that US President Joe Biden’s tax law for Bitcoin (BTC) miners will drive businesses out of the country.
Bitcoin mining company Marathon Digital CEO Fred Thiel Speaking at the Miami Bitcoin conference, Biden is preparing to issue a new report on Bitcoin miners. tax legislation businesses the country to leave He took a rest, saying why.
Thiel, the tax increase additional fund instead of providing the current income from cryptocurrency mining, to the loss While arguing that it will cause energy investments in a field encouraging claimed to have played the role.
CEO, energy tax increase in renewable energy sources. cannot contribute stated. Currently a sun or wind farm like renewable about investors who want to establish a power plant 2 years One standby time Stating that they will encounter with Bitcoin, Thiel said that Bitcoin miners who want to operate at this point encourage the actors expressed.
On the other hand, Thiel argues that tax regulations do not affect mining businesses in the country. to leave for conscious implied that it was a decision that was taken. Marathon’s operations to carry for different judgment Stating that they value their regions, the CEO made the following statements on the subject:
Mining operations in Texas eliminate the need for natural gas power plants. So if mining operations in Texas are stopped, guess what? Of course, natural gas power plants are back in operation.
In addition to these, the recent subpoena by the SEC must be a will be investigated sometimes it just doesn’t mean request information stated that it may be sent for the purpose. Moreover bitcoin of prices for the better gone and people go again optimistic was among the CEO’s statements.
The Biden administration has over the past few weeks considered Bitcoin (BTC) and cryptocurrency miners to reduce their energy consumption. 30% of much to energy consumption tax He reiterated his pressure on a tax legislation that would impose