The post MARA Holdings Warns US Must Intensify Efforts to Secure Bitcoin Amid Rising Global Competition appeared on BitcoinEthereumNews.com.

The ongoing race for Bitcoin dominance among nations is heating up, and MARA Holdings warns that the United States must enhance its strategies to secure its position. As the global financial landscape shifts with trends toward de-dollarization, MARA emphasizes that the U.S. needs to treat Bitcoin similarly to its gold reserves for national security purposes. CEO Fred Thiel highlights, “Failing to secure a sufficient share of blockspace and hashrate leaves the US vulnerable to external pressures,” underscoring the geopolitical stakes involved. MARA Holdings urges the U.S. to secure a dominant position in Bitcoin amid rising global competition, emphasizing its critical importance for national security. U.S. Needs to Improve Bitcoin Strategy, Says MARA Holdings MARA Holdings, a prominent cryptocurrency mining company, has called for the United States to adopt a more aggressive stance in securing its interests in Bitcoin and Bitcoin mining. The assertion, made in a recent social media post, reflects the growing concern over national security as geopolitical tensions mount and the global financial system undergoes significant changes, particularly with the rise of de-dollarization. The Necessity of Bitcoin Reserves for National Security In its post, MARA emphasized that Bitcoin reserves should be treated with the same importance as traditional gold reserves, especially given that the U.S. dollar is no longer backed directly by gold. This strategy is vital as nations begin to pivot away from the dollar, potentially undermining the U.S.’s economic stability. Currently, the United States possesses around 200,000 BTC, while China closely follows with approximately 190,000 BTC. Addressing the Competitive Edge in Cryptocurrency Mining MARA Holdings has identified a pressing need for the U.S. to enhance its global competitiveness in Bitcoin mining, particularly as countries like China and Russia continue to gain hashrate power. The company argues that failing to cement a leadership position in this space…

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Filed under: News - @ November 27, 2024 4:26 am