Catenaa, Wednesday, December 5, 2024 – Cryptocurrency mining company MARA Holdings is urging the US to prioritize Bitcoin mining as a matter of national security, emphasizing its potential to bolster financial sovereignty and maintain global influence.
In a recent post, MARA highlighted Bitcoin’s unique characteristics, including its limited supply and decentralization, likening it to gold as a modern store of value. The firm argued that controlling Bitcoin’s mining infrastructure, particularly blockspace and hash rate, is vital to secure financial sovereignty.
“Dominating critical resources like hash rate can prevent adversarial nations from censoring transactions and ensure access to Bitcoin’s growing geopolitical importance,” MARA stated.
Amid trends of global de-dollarization, the company warned that inaction risks economic vulnerability. It proposed a strategic roadmap for U.S. policymakers, including creating a Bitcoin reserve, scaling domestic mining to secure a larger global hash rate share, and reducing reliance on foreign ASIC chip production.
The recommendations also emphasized integrating renewable energy into mining operations and incentivizing technological innovation through regulatory clarity and tax benefits.
Beyond financial security, MARA underlined the broader benefits of Bitcoin mining, such as strengthening energy grids, monetizing excess energy, and creating high-tech jobs. Drawing parallels to the nation’s historical dominance in gold reserves, the company called for Bitcoin mining to be recognized as a cornerstone of national strategy.
The call aligns with President-elect Donald Trump’s pledge to establish a Bitcoin reserve, underscoring the increasing integration of cryptocurrency into geopolitical and economic frameworks.
