Crypto Miner Calls for Aggressive US Bitcoin Strategy
Crypto mining company MARA Holdings has issued a call to action for the United States, urging the government to adopt a more aggressive stance on Bitcoin and Bitcoin mining. The company argues that securing a dominant position in Bitcoin is crucial for national security.
The Case for Bitcoin as a Strategic Asset
MARA contends that Bitcoin should be viewed as a strategic asset, similar to gold. The company highlights the increasing trend of de-dollarization, where countries are reducing their reliance on the US dollar. By holding significant Bitcoin reserves, the US could potentially mitigate the risks associated with a decline in the dollar's global dominance.
Addressing the Mining Hardware Challenge
One of the key challenges for the US is its dependence on foreign suppliers of mining hardware, primarily from China. MARA recommends incentivizing domestic production of ASIC chips to reduce reliance on foreign manufacturers and strengthen the US's position in the mining industry.
A Six-Point Plan for Bitcoin Dominance
To achieve its goal of securing a dominant position in Bitcoin, MARA has proposed a six-point plan:
By taking these steps, the US could position itself as a global leader in Bitcoin and blockchain technology, strengthening its economic and geopolitical influence.
November 2024, Cryptoniteuae