🛡️ Crypto Mining Company MARA: The U.S. Must Dominate Bitcoin Hash Rate to Safeguard National Financial Sovereignty
MARA Holdings recently voiced its opinion that the U.S. needs to quickly control the Bitcoin hash rate in order to protect its financial sovereignty. It is well known that after President Trump won the election, he promised to establish a strategic Bitcoin reserve, and we are getting closer to the implementation of that promise.
MARA states that Bitcoin is like modern-day gold, limited in supply, decentralized, and valuable for cross-border transfers. However, they believe that the U.S. should not only hold Bitcoin but also dominate the Bitcoin mining infrastructure, particularly in terms of block space and hash rate.
They also mentioned that if we can control the hash rate, we can prioritize access to block space, preventing other countries from censoring or manipulating our transactions. Conversely, if we cannot ensure sufficient block space and hash rate share, the U.S. will be subject to external pressures.
As the world moves towards de-dollarization, MARA argues that if action is not taken, the U.S. will face economic and geopolitical risks. They stated that focusing strategically on Bitcoin mining could stimulate domestic manufacturing, strengthen the energy grid, and create high-tech job opportunities.
MARA even suggested to the U.S. government to acquire Bitcoin as a strategic reserve, expand domestic Bitcoin mining, control a larger share of the global hash rate, and promote domestic ASIC chip production to reduce dependence on foreign suppliers. They also proposed integrating renewable energy into the mining business, incentivizing innovation through clear regulations and tax benefits, which could drive industry growth and promote sustainability.
In summary, MARA urges U.S. policymakers to view Bitcoin mining as a critical component of national strategy, its importance comparable to historical gold reserves. If the U.S. takes the lead in implementation, it could trigger a following effect among countries worldwide, accelerating the development of the Bitcoin mining industry and potentially redefining the new landscape of the global financial system.
What do you think? Should the U.S. control the Bitcoin hash rate? What does this mean for the future of the cryptocurrency market? See you in the comments!
