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MIT Researcher Says U.S. Should Buy Bitcoin to “Become a Superpower”.
Jason Lowery, a Massachusetts Institute of Technology (MIT) researcher, noted in an interview with Bitcoin proponent Anthony Pompliano that the world’s largest cryptocurrency has proven that it can play an important role in national security.
Based on indications that countries seem to be doing fine without depending on the United States Dollars, Lowery called on the U.S. to buy Bitcoin (BTC) in order to reduce the implications that may arise following the lack of dependence on the nation’s fiat.
“The United States better posture itself to benefit from that and you do that by buying bitcoin, so you capture disproportionate value as people flood into it,” Lowry said.
According to Lowry, should Bitcoin become the new defense protocol everyone, including investors and world governments, is adopting, the United States could become a superpower for the next 1,000 years if they purchase the asset class now.
“If this truly does become the new property defense protocol that everyone subscribes to, then you are posturing yourself to become a superpower for the next 1,000 years.”
As lawmakers and regulators around the world are looking to crack down on bitcoin and crypto, Lowry said banning BTC is not an option.
“Banning [bitcoin is] not an option, You can’t ban your adversary from using this.”
Countries Adopting Bitcoin
The ongoing Russian invasion of Ukraine has demonstrated to the world the power of cryptocurrencies.
Recall that since the war began, Ukraine, which seems ravaged by the ongoing invasion, has received over $100 million in cryptocurrency donations from concerned individuals and firms globally.
Similarly, several Russian politicians and businessmen who have been affected by the financial sanctions imposed on the country by the U.S. and Europe are reportedly buying Bitcoin to evade these sanctions.
In a similar development, El Salvador announced last year that it had adopted Bitcoin as a legal tender, a move that threw the world into massive shock.
The country did not stop there, it also went on a purchase spree of the cryptocurrency, adding volumes of Bitcoin at intervals whenever there was a massive dip.
With governments across the world embracing Bitcoin, the Malaysian government did not want to be left out of the BTC craze, as the country’s Ministry of Communication hinted at a proposal that could see the cryptocurrency adopted as a legal tender.