A New Bitcoin Era Just Begun As Nations Vie For Dominance
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Former President Donald Trump’s recent endorsement of Bitcoin mining in the United States has sparked intense debate and speculation among experts, policymakers, and the broader crypto community. Trump’s statements, made on late Tuesday, suggest a strategic pivot towards making the US a dominant force in BTC mining. “Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT,” Trump declared, underscoring his vision of Bitcoin as a critical asset in the nation’s energy strategy. Bitcoin Game Theory In Full Swing This declaration has far-reaching implications, particularly in the context of global dynamics and the ongoing competition among nations to assert dominance in this emerging sector. Samson Mow, the founder of JAN3, a firm dedicated to BTC nation-state adoption, highlighted the transformative potential of Trump’s position. “Many people don’t seem to understand the importance of Trump embracing Bitcoin. This isn’t a partisan thing or even about whether promises will be kept. This is a shift in discourse that precedes nation-state competition to achieve Bitcoin Dominance,” Mow stated on X. He emphasized that this development will likely be discussed behind closed doors by governments globally, with mainstream media outlets already picking up on the story. “We saw ICBC in China embrace BTC yesterday. This is going to push everything ahead even more,” Mow added, pointing to the Chinese Industrial and Commercial Bank’s recent endorsement of BTC. Laura Shin, a prominent crypto journalist, raised critical questions regarding the decentralization and security implications of Trump’s proposal. On X, she queried, “Why is everyone celebrating Trump saying that all the Bitcoins should be made in the USA? Doesn’t that create jurisdictional risk…
Filed under: News - @ June 13, 2024 9:20 pm