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Home»Bitcoin»Bitcoin Race Draws Attention from Washington

Bitcoin Race Draws Attention from Washington

Bitcoin By Gavin29/04/2025
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Human Rights Foundation Grants 500000 To 14 Bitcoin Projects Worldwide
Human Rights Foundation Grants 500000 To 14 Bitcoin Projects Worldwide
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Bitcoin is no longer a speculative asset or a technological experiment—it is increasingly being recognized as a strategic pillar of global finance, energy, and geopolitical power. In a time when existing systems for money, energy and technology are being reordered the United States can leverage Bitcoin in order to solidify its leadership position and to ensure its place within the new global order.

There are two big changes that make it clear. First, key U.S. officials are calling Bitcoin a strategic reserve asset—digital gold For the 21st Century. Second, Bitcoin mining is being reframed—not as a drain on the grid, but as a building block for energy resilience and advanced computing.

Bo Hines and Howard Lutnick of the U.S. Department of Commerce’s Council of Advisors on Digital Assets both described recent events as “a new type of moment”. “space race”—this time, centered around Bitcoin. 

Bo Hines explained this competition during a recent radio interview. “There’s definitely a sort of space race as it pertains to accumulation of this asset—no different than there is with gold.”

China, for example, has begun stockpiling large amounts of gold to signal a return to hard assets. Gold hasn’t been a major geopolitical factor in decades, but that could change quickly—and if it does, nations with large reserves will gain a significant strategic advantage. Bitcoin offers the United States an alternative that is more sharp and dynamic. alternative—one that could not only counterbalance gold’s resurgence but also tilt the global financial order further in America’s favor.

Matthew Pines is the Executive Director of Bitcoin Policy Institute. notesThe United States is the leader in Bitcoin accumulation. “A good estimate is that America probably holds 35 to 40% of all the available Bitcoin that’s been mined… whereas we probably hold about 8 to 10% of the total above-ground gold supply.”

Bitcoin could monetize faster than gold and the U.S. might find it in an even stronger position. Our wealth would grow at an astronomical rate. Supporting Bitcoin adoption, as the administration aims to strengthen our financial standing, could be a unique opportunity to change the global currency system in America’s favor.

Sec. Lutnick’s remarks also indicate another significant shift. He sees Bitcoin mining not only as a financial game, but as an energy-saving and artificial intelligence (AI) asset.

Lutnick explained the vision of the administration for Bitcoin mining: “We’re going to make it, if you want to mine Bitcoin and you find the right place to do it, you can build your own power plant next to it… The next generation of miners in America will be able to control their destiny, control the cost of power, and I think that is going to turbocharge Bitcoin mining in America.”

The plan is designed to achieve two important goals.

  • Energy IndependenceBitcoin mining is a great way to drive energy projects. It can be used for stranded energy or energy that has been wasted. This will help strengthen and diversify America’s energy supply.
  • Compute Power: The same infrastructure built for mining can also be used to power the AI industry—giving America the capacity it needs to stay ahead in the burgeoning global AI race.

Bitcoin Policy Institute Director of Policy Zack Shapiro highlights The mining sector has evolved: “We’re already seeing a lot of Bitcoin mining companies or what were Bitcoin mining companies pivoting to or integrating AI… We’re seeing Bitcoin miners also spinning up AI data centers.”

Today, there are growing signs that countries are entering a race to build the most powerful AI agents—systems that could outthink, self-improve, and outperform humans. This race could accelerate, and the nation with the best AI will win. shape the rules The future world order. Bitcoin fits into that picture. mining infrastructure, which can be easily retooled for AI compute, could become vital—not just for money, but for securing America’s geopolitical position.

Trump sees clearly these challenges and possibilities. His agenda centers on rebuilding America’s industrial base and bringing important industries home. It also aims to restore the nation’s financial, technological, and economic strength. The same is true for new tariffs and initiatives to reshoring, as well as a growing interest towards Bitcoin.

The number of coins is limited to 21,000,000, which means that the window for national states to get a head start on other nations has rapidly closed. Bitcoin is a strategic asset that will continue to grow in value as institutional investors and more countries recognize it. As a result, the competition between nations for significant holdings increases, increasing acquisition costs.

Forward-looking policymakers must recognize the profound changes coming to money and technology in the near future—with Bitcoin at the center of both. 

If we hesitate, others—China, Russia, or other adversaries—will step into the void.

Bitcoin is now a necessity. Bitcoin is no longer an option.

Zach Cohen is the author of this guest blog. These opinions are Zach’s and don’t necessarily represent those of BTC Inc.

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: bitcoinmagazine.com

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