A Massachusetts Institute of Technology (MIT) researcher, Jason Lowery, recently claimed that Bitcoin (BTC), the largest cryptocurrency by market cap, has managed to prove its capability of being able to play a vital role in national security.
In a new interview with the famous Bitcoin maximalist Anthony Pompliano, Lowery said the fact that some countries can now do without US Dollar shows that it’s time for the United States to turn to Bitcoin, in order to mitigate the effect of lack of dependency in its fiat.
According to Lowery, Bitcoin purchase will be a huge step for the United States if cryptocurrency, the new asset class, becomes a defense protocol that everyone adopts. He said the U.S. will just use the advantage of being an early adopter to become a superpower for the next 1,000 years.
Jason Lowery noted:
“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.”
“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.”
In the course of the interview, Lowery stated that the country that decides to ban Bitcoin cannot ban its adversary from using it. So, he concluded that banning Bitcoin is not an option for any country.
Meanwhile, cryptocurrency, led by Bitcoin (BTC), has received vast adoption in many parts of the world in recent months.
Cryptocurrency has been able to display its good side to the world in the ongoing war between Russia and Ukraine. Since the start of the war, Ukraine has received over $100 million in crypto donations.
Also, there has been a call from Malaysia’s Ministry of Communications and Multimedia to make cryptocurrency, such as Bitcoin (BTC), a legal tender in the country to engage the young generation.
Follow us on Twitter, Facebook, Telegram, and Google News
Cryptocurrencies have flipped the script on traditional finance. Whether it’s investments, tech innovation, or reshaping…
Binance, the world’s largest cryptocurrency exchange by trading volume, has temporarily halted XRP withdrawals, citing…
Today, November 16, XRP attained a key benchmark after reaching $1, marking a significant moment…
In a strategic move to expand its presence in the French cryptocurrency market, Cayman Islands-based…
The crypto market offers a golden chance right now. Major coins show strong recovery signals…
A recent analysis by prominent cryptocurrency analyst EGRAG CRYPTO (@egragcrypto) shed light on the potential…