The United States Is Already Mining Bitcoin Maybe, Says Compass Mining CEO

Does the Compass Mining CEO know something we dont? Is The United States mining Bitcoin? Whit Gibbs was a guest in a recent episode of Anthony Pomplianos The Best Business Show and spilled the beans or did he? The host cleverly disguised his question by talking about other countries following El Salvadors 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?

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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. Its hypothetically speaking. But, its a matter of national security. Was that hypothetical? Or was the Compass Mining CEO giving us inside information? Thats what well try to figure out.

But first, heres 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 youre talking about what Bitcoin is, whether its a store of value, its a medium of exchange. Its 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, its 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 doesnt, though? Gibbs continues, So, the US I think is on the front foot. Weve 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 dont? 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.

BTCUSD price chart for 12/03/2021 - TradingView

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 couldnt 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 country thats a hotspot for the United States is getting into Bitcoin Mining. This is happening at the presidential level.

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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 dont believe that theyre mining Bitcoin to skirt sanctions. I believe that theyre 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.

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