{"id":7115,"date":"2024-07-11T08:40:21","date_gmt":"2024-07-11T08:40:21","guid":{"rendered":"https:\/\/predictmag.com\/blog\/?p=7115"},"modified":"2024-07-11T08:43:23","modified_gmt":"2024-07-11T08:43:23","slug":"bitcoin","status":"publish","type":"post","link":"https:\/\/predictmag.com\/blog\/2024\/07\/11\/bitcoin\/","title":{"rendered":"US Analyst Foresees Bitcoin Being Recognized as a Strategic Asset, Paving the Way for a $100 Million Price Projection"},"content":{"rendered":"

US Space Force Major Jason Lowery has made a striking claim about Bitcoin, identifying it as a potential strategic asset with significant implications for national security. Lowery, who also serves as a national defense fellow at MIT, has stressed the importance of the US military exploring and incorporating proof-of-work systems like Bitcoin<\/a>. He believes that Bitcoin\u2019s proof-of-work consensus mechanism could act as a powerful deterrent against cyberattacks, comparable to traditional military assets that prevent physical threats.<\/p>\n

In a now-deleted X post, Lowery posited that public acceptance of Bitcoin as a defense system, free from the fear of government bans, would highlight its national security benefits. He speculated that this recognition could propel Bitcoin\u2019s value to $100 million per coin. Lowery\u2019s viewpoint is based on his belief that Bitcoin can convert the global electric power grid into an extensive, physically expensive computer, or \u201cmicrochip,\u201d which would impose physical costs on malicious actors and protect data crossing the internet. He argues that this could trigger a cybersecurity revolution and help the US sustain its status as a global superpower.<\/p>\n

\"US

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Lowery advocates for the US Department of Defense to formally investigate the strategic importance of proof-of-work systems. He argues that Bitcoin’s consensus mechanism, which requires significant physical resources to maintain, could act as a deterrent to cyberattacks, akin to how military assets deter physical threats.<\/p>\n

His perspectives carry substantial implications, particularly as the US navigates the strategic importance of Bitcoin and cryptocurrencies amidst growing regulatory scrutiny. His position diverges sharply from the prevailing regulatory focus on litigation and control, advocating instead for support and integration of digital assets into national security frameworks.<\/p>\n

Get free access to our lifetime VIP membership. Join us here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

US Space Force Major Jason Lowery has made a striking claim about Bitcoin, identifying it as a potential strategic asset with significant implications for national security. Lowery, who also serves as a national defense fellow at MIT, has stressed the importance of the US military exploring and incorporating proof-of-work systems like Bitcoin. He believes that […]<\/p>\n","protected":false},"author":1,"featured_media":6560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[236,293,208,298],"tags":[234,24,394],"class_list":["post-7115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-bitcoin","category-currency","category-investment","tag-article","tag-bitcoin","tag-value"],"yoast_head":"\nUS Analyst Foresees Bitcoin Being Recognized as a Strategic Asset, Paving the Way for a $100 Million Price Projection - PredictMag<\/title>\n<meta name=\"description\" content=\"He argues that Bitcoin's consensus mechanism, which requires significant physical resources to maintain, could repel cyberattacks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/predictmag.com\/blog\/2024\/07\/11\/bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Analyst Foresees Bitcoin Being Recognized as a Strategic Asset, Paving the Way for a $100 Million Price Projection - 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