MARA Urges U.S. to Ramp Up Bitcoin Mining or Risk Falling Behind

Bitcoin miner Marathon Digital Holdings (MARA) is sounding the alarm: the U.S. must double down on Bitcoin adoption to counter China's growing dominance in the crypto mining space. Here's what MARA says needs to happen:

Bitcoin vs. Gold: The U.S. holds 200,000 $BTC , worth about $6.8 billion, but it lags behind its gold reserves of 8,000 tonnes. MARA suggests treating Bitcoin like gold to hedge against de-dollarization trends globally.

Mining Power: MARA wants the U.S. to increase Bitcoin mining efforts and manufacture advanced mining hardware (ASICs) domestically to reduce reliance on China's near-monopoly over mining gear, which controls an estimated 75%-90% of the global market.

Future-Proofing: By securing blockspace and expanding Bitcoin reserves, MARA argues the U.S. can safeguard its financial dominance while positioning itself against geopolitical adversaries.

China’s hold over the mining hardware market and its influence in Bitcoin’s hashrate distribution remain a strategic concern. MARA warns that without aggressive action, the U.S. risks falling behind in a critical sector of the global economy.

Do you think the U.S. will take MARA’s advice, or will China continue to dominate the Bitcoin mining space?