Marathon Digital Holdings urges the United States to create a strategic Bitcoin reserve. They believe Bitcoin is essential for the nation’s economic and geopolitical stability. Bitcoin’s finite supply and decentralized monetary policy make it a unique digital commodity. Unlike traditional currencies controlled by central banks, Bitcoin operates on a decentralized network, making it resistant to manipulation and interference.
Bitcoin is often called “digital gold” because it shares qualities with gold, such as scarcity and being a store of value. However, Bitcoin has advantages over gold in the digital era. Gold is a physical asset, which makes it inefficient for global transactions. It’s hard to transport and difficult to audit accurately. In contrast, Bitcoin is easily transferable across borders, and its supply is transparent and verifiable on the blockchain. This transparency and portability make Bitcoin more suitable as a reserve asset in the modern economy.
Marathon Digital Holdings specializes in Bitcoin mining, which is the process of validating transactions and securing the Bitcoin network using computational power known as hashrate. By increasing the blockchain’s computational power, Marathon aims to support and enhance the Bitcoin ecosystem. As of November 24, Marathon holds 33,875 Bitcoin. The company believes that investing in Bitcoin mining can help the U.S. secure its economic sovereignty and protect against foreign interference.
The U.S. currently holds about 200,000 Bitcoin, but other nations are close behind. China holds approximately 190,000 Bitcoin. Senator Cynthia Lummis has proposed the Bitcoin Act, suggesting the U.S. government acquire up to one million Bitcoin over the next five years. With global interest in building Bitcoin reserves growing, the U.S. needs to act swiftly to maintain its leadership position.
Controlling a significant share of the global hashrate is crucial for transaction sovereignty. This means having the ability to process financial transactions without interference from other nations. By increasing domestic Bitcoin mining operations, the U.S. can ensure secure access to blockspace, the capacity to process transactions on the Bitcoin network. Without a strong position in global hashrate, the nation risks vulnerability in financial transactions, as adversarial nations could censor or manipulate transactions involving U.S. entities.
The trend toward de-dollarization is a significant concern. Countries are seeking alternatives to the U.S. dollar due to worries over monetary policy and sanctions. This shift could weaken the dollar’s dominance as the global reserve currency. By investing in Bitcoin and Bitcoin mining, the U.S. can safeguard its economic stability and maintain global financial influence. Bitcoin offers a way to transact globally, even if confidence in the dollar declines.
Investing in domestic Bitcoin mining brings additional benefits. It can boost domestic manufacturing by promoting the production of mining hardware like ASIC chips. These specialized chips are essential for Bitcoin mining. Developing mining technology domestically reduces reliance on foreign suppliers, enhancing technological self-sufficiency and strengthening national security. Bitcoin mining can also encourage energy production and distribution. It can monetize excess energy, optimize renewable resources, and support sustainable energy practices.
Marathon Digital Holdings recommends several strategic actions for the U.S.:
First, creating a strategic Bitcoin reserve would ensure the nation’s ability to transact globally, even if the dollar’s dominance wanes.
Second, investing in domestic Bitcoin mining increases the nation’s share of global hashrate, securing transaction sovereignty.
Third, developing mining technology like ASIC chips promotes self-sufficiency and reduces dependence on foreign manufacturers.
Fourth, implementing supportive policies and regulations provides legal clarity for Bitcoin miners and investors. Incentives like tax breaks for integrating renewable energy into mining operations can further stimulate industry growth.
Fifth, leading in global Bitcoin standards helps promote stability in financial transactions. By collaborating with allies, the U.S. can ensure that Bitcoin remains a neutral, open, and secure platform.
Sixth, controlling hashrate protects national security by preventing foreign interference in financial transactions.
By taking these steps, the U.S. can maintain its position as a global financial leader. Bitcoin is not just a cryptocurrency; it’s a strategic asset that can enhance economic sovereignty. The nation’s ability to transact securely and independently is vital in the digital age.
Marathon Digital Holdings emphasizes that the U.S. must act now. As more countries recognize Bitcoin’s potential, delaying action could result in losing influence in the digital economy. The company’s CEO, Fred Thiel, states that by taking the lead in Bitcoin, “a sovereign can have sovereignty.”
Bitcoin mining pools play a significant role in controlling blockspace. Access to blockspace is essential for participating in the Bitcoin economy. Mining pools combine their computational power to increase their chances of validating transactions and earning block rewards. By controlling more hashrate, a nation can ensure access to blockspace and prevent others from censoring or manipulating transactions.
The U.S. needs to secure a meaningful share of global hashrate to protect its transaction sovereignty. Without it, adversarial nations could gain undue influence over the Bitcoin network. This could lead to censorship or delays in U.S. financial transactions, affecting economic stability. Controlling hashrate is also essential for national security, ensuring the nation can process its financial transactions without foreign interference.
Developing domestic mining technology is crucial for self-sufficiency. By producing ASIC chips domestically, the U.S. reduces dependence on foreign manufacturers. This enhances technological independence and strengthens national security. It also creates pathways for sustainable resource management and supports domestic manufacturing.
Supportive policies and regulations can further stimulate industry growth. Clear regulations provide legal clarity for Bitcoin miners and investors. Incentives like tax breaks for integrating renewable energy into mining operations encourage sustainable practices. This promotes economic growth and aligns with environmental goals.
Leading in global Bitcoin standards allows the U.S. to promote stability in financial transactions. By collaborating with allies, the nation can ensure that Bitcoin remains a neutral and secure platform. This prevents the centralization of hashrate in adversarial countries, which could pose risks to global financial stability.
Bitcoin mining also offers economic opportunities. It can drive economic growth through high-tech job creation. It strengthens energy production and distribution by monetizing excess energy. It supports domestic manufacturing and sustainable resource management. These benefits are essential for a competitive and resilient economy.
As the global financial landscape shifts, the U.S. must adapt. Investing in Bitcoin and Bitcoin mining is a strategic move to maintain economic sovereignty. The nation’s ability to control its financial transactions without foreign interference is crucial. By taking decisive action, the U.S. can secure its future in the digital economy.
Marathon Digital Holdings stands ready to assist in this initiative. They invite U.S. lawmakers to recognize Bitcoin and Bitcoin mining as critical components of the nation’s financial strategy. By acting decisively, the U.S. can maintain its position as a geopolitical leader. Bitcoin is more than just a digital currency; it’s a strategic asset that can safeguard national security and protect economic sovereignty.
Bitcoin’s role in the shifting global financial landscape cannot be ignored. As nations explore building Bitcoin reserves, the U.S. must ensure it does not fall behind. Controlling global hashrate impacts transaction sovereignty and financial stability. By investing in domestic Bitcoin mining operations and developing mining technology, the U.S. can promote self-sufficiency and strengthen national security.
The benefits extend beyond economics. Bitcoin mining supports renewable energy integration and encourages efficient energy use. It offers a way to monetize excess energy and optimize renewable resources. These practices align with global efforts toward sustainability and environmental responsibility.
The challenges of de-dollarization highlight the need for strategic action. Without confidence in the dollar’s global dominance, the U.S. risks economic instability. By embracing Bitcoin as a strategic asset, the nation can maintain global financial influence. Policies that promote domestic manufacturing, energy production, and economic growth are essential.
Marathon Digital Holdings believes that the U.S. must lead in setting global Bitcoin standards. By ensuring decentralized networks remain open and secure, the nation can protect against centralization of hashrate in adversarial countries. This leadership promotes stability in global financial transactions and supports economic sovereignty.
In the digital age, transaction sovereignty is more important than ever. Controlling hashrate protects national security and ensures the nation’s ability to process financial transactions without foreign interference. Investing in Bitcoin mining strengthens energy production and distribution, supports domestic manufacturing, and creates high-tech jobs.
The U.S. has the opportunity to secure its future in the digital economy. By recognizing Bitcoin and Bitcoin mining as strategic assets, the nation can maintain its position as a global leader. Marathon Digital Holdings is ready to work with policymakers to achieve these goals.
