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Paradigm Co-founder: The "arms race" for sovereign states to build Bitcoin reserves has begun

2024-11-15 00:59
Odaily News Paradigm co-founder Matt Huang wrote that the game theory balance of sovereign states on Bitcoin adoption has been broken. Sovereign states can no longer ignore Bitcoin. From a game theory perspective, Bitcoin is like gunpowder, not iPhones. People don't adopt iPhones, but once gunpowder is discovered, every sovereign state will be forced to adopt it... The same is true for artificial intelligence, drones, and other key technologies. Now that the United States has opened the window to adopt Bitcoin, other sovereign states will not wait. Sovereign states that build Bitcoin reserves early will benefit through better entry prices. The "arms" race to build Bitcoin reserves has begun.