A New Bitcoin Era Just Begun As Nations Vie For Dominance


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

How To Get Free Crypto  

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
and
make
BTC
less
decentralized
and
vulnerable
to
attack?.”
Shin’s
concerns
center
on
the
potential

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centralization
of
BTC
mining,
which
could
undermine
its
core
principle
of
decentralization
and
make
the
network
more
susceptible
to
geopolitical
pressures
and
cyber
attacks.

Responding
to
Shin’s
concerns,
Alex
Thorn,
head
of
research
at
Galaxy
Digital,

offered
a
strategic
perspective.
“Many
believe
global
Bitcoin
adoption
will
involve
nation
states.
If
BTC
is
to
become
a
widely
held
or
even
global
reserve
asset,
game
theory
demands
it.
If
a
US
president
makes
Bitcoin
a
national
priority,
other
nations
will
too,”
Thorn
explained.

He
argued
that
this
move
could
accelerate
the
global
adoption
of
Bitcoin,
as
nations
seek
to
compete
for
dominance
in
the
ecosystem.
“There’s
a
view
that
competition
will
accelerate,
ultimately
accelerating
and
entrenching
global
adoption.
If
your
geopolitical
adversaries
(or
allies
for
that
matter)
think
it’s
important,
you
must
also
play
the
game
or
risk
falling
behind.
Many
Bitcoiners
have
written
and
spoken
about
this:

Michael
Saylor,
Fidelity
Digital
Assets,
Parker
Lewis,
and
Onramp,”
Thorn
added,
referencing
key
figures
and
organizations
that
advocate
for
BTC’s
role
in
the
global
financial
system.

FreeBitcoin Banner  

Shin,
however,
remained
skeptical
about
the
strategic
intent
behind
Trump’s
statement.
“Agree
but
I
am
1,000%
sure
that
Trump
didn’t
make
this
statement
with
the
game
theory
of
other
nations
around
Bitcoin
in
mind,”
she
remarked.

Thorn
countered,
emphasizing
that
the
essence
of
the
matter
lies
in
the
unfolding
game
theory.
“Maybe,
but
the
point
isn’t
whether
or
not
he
is
aware
of
the
game
theory.
Bitcoiners
are
cheering
for
the
game
theory
playing
out
as
predicted.
Trump
(or
any
candidate
or
national
leader)
advocating
for
national
Bitcoin
policies
is
expected,
even
inevitable,
&
now
is
accelerating,”
Thorn
asserted.

Adding
another
layer
to
the
conversation,
Matthew
Pines,
Director
at
Sentinel
One,

shared
his
insights
on
the
potential
consequences
of
Trump’s
pro-BTC
stance.
“Trump
says
lots
of
things.
Not
all
of
them
turn
into
policy.
But
I
have
a
feeling
he’s
serious
about
this
one,”
Pines
remarked,
pointing
out
the
unpredictable
nature
of
political
promises
versus
actual
policy
implementation.

He
further
stressed
that
it
is
less
about
what
it
means
for
Bitcoin
in
the
US,
but
what
reaction
it
triggers
by
other
countries.
“Depending
on
the
scope
and
scale
of
his
potential
BTC-related
national
policy
actions—and
how
well-executed
and
calibrated
they
are
vis-a-vis
existing
institutional
systems
and
market
expectations—the
geopolitical
impact
could
be
anything
from
a
shrug-but-watch-and-wait
to
a
holy-sh*t-mad-scramble,
or
something
in
between,”
Pines
remarked.

At
press
time,
BTC
traded
at
$67,375.

BTC
price
hovers
above
$67,000,
1-day
chart
|
Source:

BTCUSD
on
TradingView.com

Featured
image
created
with
DALL·E,
chart
from
Trading

Go to Source
Author: Jake Simmons


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