Foresight News reports that Bitcoin-listed mining company MARA states that controlling key resources such as Bitcoin's block space and hash rate (the pillars of the network) could have profound effects on the financial sovereignty of the United States and its ability to maintain global influence in the digital age. It calls on the U.S. government to take decisive action to address the challenges posed by Bitcoin and seize opportunities by implementing the following strategic measures:
1. Create a strategic reserve of Bitcoin in the United States. The U.S. should acquire Bitcoin as a strategic reserve asset. By holding Bitcoin, similar to how the U.S. is a major holder of gold, the U.S. will ensure its ability to transact globally when confidence in the dollar weakens; 2. Invest in domestic Bitcoin mining. The U.S. should prioritize expanding domestic Bitcoin mining operations to increase its share of global hash power. By controlling a larger portion of global hash power, the U.S. can ensure secure access to block space and protect its economic sovereignty; 3. Develop mining technology to promote self-sufficiency. Encourage domestic production of mining hardware (ASIC chips) to reduce dependence on foreign suppliers. This will ensure that the U.S. does not rely on critical infrastructure from hostile nations, thus enhancing technological self-sufficiency and strengthening national security; 4. Implement supportive policy regulations. Establish clear and comprehensive regulations to provide legal clarity for Bitcoin miners and investors. Providing incentives, such as tax breaks for incorporating renewable energy into mining operations, will further stimulate industry growth, technological advancement, and job creation; 5. Lead global Bitcoin standards. The U.S. should take a leadership role in establishing global standards for decentralized networks. By collaborating with allies and ensuring that Bitcoin remains a neutral, open, and secure platform, the U.S. can promote stability in global financial transactions and prevent the centralization of hash power by hostile nations; 6. Protect national security through hash power control. As competition in Bitcoin mining becomes more intense, controlling a significant amount of domestic hash power will protect the U.S. from foreign interference. Ensuring a strong share of global hash power can prevent hostile nations from censoring or delaying U.S. transactions, which could have severe economic impacts.
