Opinion: If Trump imposes tariffs comprehensively, Russia may become the main beneficiary of BTC mining

ChainCatcher news, the Bitcoin mining technology company Luxor expects that if Trump imposes comprehensive tariffs on the Bitcoin industry's supply chain, Russia will become a major beneficiary, as most Bitcoin mining hardware is still designed outside the United States. For a long time, this industry has been dominated by Bitmain's Antminer, which holds over 80% of the market share.

In addition, benefiting from energy cost advantages and a gradual easing of cryptocurrency regulations, Bitcoin mining activities in Russia have significantly increased. Despite facing sanctions from Western countries, the Russian government is still promoting the legalization of cryptocurrencies, especially in international payments and mining. Experts point out that although Russia has made progress in the cryptocurrency field, large-scale evasion of sanctions using cryptocurrencies remains challenging due to market liquidity constraints.