Key Takeaways
- Marathon urges the US government to secure bitcoin reserves as a strategic asset to protect its economic sovereignty.
- The company claims that increasing participation in the hashrate market can safeguard national security from foreign interference.
- Marathon advocates for domestic Bitcoin mining investment to create jobs and strengthen US energy infrastructure.
The Strategic Importance of Bitcoin as a National Asset
Marathon highlights Bitcoin's fixed supply and decentralized monetary policy as key advantages over traditional assets like gold.
Bitcoin's portability and salability make it uniquely suited for nations aiming to enhance financial sovereignty.
The US government is urged by Marathon to establish a strategic bitcoin reserve amidst global financial instability.
Marathon emphasizes that, like gold, bitcoin reserves would safeguard the ability of the US government to transact in crises.
Securing Blockspace and Hashrate for National Security
Access to blockspace is vital for participating in the Bitcoin economy, as it makes sure that transactions are added to blocks.
Having a sizable share of the global hashrate within the jursidiction of the US government is important, Marathon claims.
The mining company warns that failure to have a presence in the hashrate market could leave the US government economically vulnerable.
Strategic Recommendations for US Leadership
Marathon calls for investment in domestic Bitcoin mining to increase the share of global hashrate and blockspace present in the US government's jurisdiction.
They say encouraging ASIC chip production domestically would reduce reliance on foreign suppliers and enhance technological self-sufficiency.
Supportive regulations, including tax incentives for renewable energy in mining, are proposed to stimulate industry growth.
Marathon advocates for the US to lead in setting global standards for Bitcoin to ensure neutrality and decentralization.
Controlling hashrate domestically is framed as essential to safeguard national security and prevent transaction manipulation by adversarial nations, although they don't outline how exactly this is possible.
