The Bitcoin Sovereign Arms Race



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In this video, I discuss the coming race by nation-states to acquire Bitcoin. If you understand how tech networks spread, it is fairly easy to see how Bitcoin wins the new money competition.

Bitcoin is like a new form of gold, demonetizing old monetary systems, just like gold did to sea shells, glass beads, copper money, bronze money, etc.

If you are reasonably certain that Bitcoin is going to win, it makes the most sense from a game theory perspective to buy some Bitcoin now, rather than waiting for later. Even if you don't believe in Bitcoin, but you do believe that others believe in Bitcoin, it still makes sense to acquire some Bitcoin today as a cheap insurance policy.

The nation-state competition for Bitcoin is what most likely drives its price to $5 million per Bitcoin and above.

Not investment advice! Consult a financial advisor.

Bitcoin full nodes map:
https://bitnodes.io/

China bans Bitcoin:
https://news.yahoo.com/china-bans-crypto-trading-mining-155020817.html

El Salvador embraces Bitcoin:
https://www.reuters.com/world/americas/el-salvador-approves-first-law-bitcoin-legal-tender-2021-06-09/

Fidelity Digital Assets report on Bitcoin:
https://www.fidelitydigitalassets.com/articles/2021-trends-impact

Bitcoin's market cap vs. fiat currencies:
https://www.fiatmarketcap.com/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Gold

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Category
Cryptocurrencies
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