MARATHON MINE, a Bitcoin mining company, cautioned the United States to take more. They assertive measures in Bitcoin and mining, considering it a national security issue. “The needs of the United States for the augmentation of its economic and national security interests. Finally are highly pressing,” MARA tweeted in an X post on the 26 of November, post.
Additionally, the miner stated that the“US must be on the front line as it did with gold. Countries moving away from US dollar dependency show the de-dollarization trend. “Gold and the US are no longer linked. However, huge gold reserves are still vital to the country’s national security,” said MARA. If other countries lack trust in the dollar, these reserves give the US the potential to sell easily.”
US-China Bitcoin Reserves and Geopolitical Impact
Marathon Digital, now MARA Holdings. The U.S. owns almost 200,000 Bitcoins, and China has 190,000. The World Gold Council reports 8,133 metric tons of US gold. China will have 2,264 metric tons with the most volume by Q2 2024. The Trump administration’s replacement impersonality is thought to have started the tension. Therefore, several countries are storing BTC reserves.
The United States is urged to be quick in getting to positions that have a grip on both Bitcoin and mining of the Bitcoin network,” it added. MARA mentioned that a considerable part of this will be about. The USA controls the overwhelming percentage of the total hash rate, which will minimize. The chances of adversarial nations censoring or interfering with its Bitcoin transactions. “Despite earning enough space and hash, that rate stays at the edge of a cliff due to external growth in Bitcoin’s importance as a financial and geopolitical tool, becoming mainly outside pressure as the world. They where Bitcoin is important as a financial and geopolitical tool, moves, and Bitcoin changes the game in countries,” it continued.
MARA’s Strategy for US Bitcoin Leadership
MARA advocated for a six-pronged strategy to deal with the threat. The motivation for the domestic production of mining hardware (ASIC chips) is to reduce the dependence on foreign suppliers. Bitmain, based in China, is currently the world’s largest crypto mining hardware manufFcacturer, with approximately 75% market share. They even claim that they estimated it to be 90% or even more) and then MicroBT, which also comes from China.
The cryptocurrency miners are also advocating for more investment in US Bitcoin mining, setting up a Bitcoin reserve, giving more clarity on the legal side, offering incentives to Bitcoin miners and investors, and the US becoming a standard in setting global policy for decentralized networks.
Mara was established in 2010 and is based in Fort Lauderdale, Florida. Most of its computing capabilities are in the US, including Texas, North Dakota, and Nebraska. However, it also has joint venture businesses in Paraguay and Dubai.
In Summary
At this moment, Marathon Digital (MARA) calls on the United States to regard Bitcoin mining as a matter of national security, thus ensuring the development and dominance of the Bitcoin sector, which could act as a buffer against the global de-dollarization trend. MARA is for the USA to take the lead in Bitcoin mining and be the custodian of Bitcoin reserves, which includes improving native customer production of mining computers, besides standardizing.
How wallets work across the globe can be used. Meanwhile, the U.S. and China are the financial powerhouses with an excessive 2,000 Bitcoin reserves at this moment, so, as the most significant Bitcoin player, MARA is addressing the issue of Bitcoin being used as a financial and geopolitical tool. MARA conducts its core business in the U.S. and has subsidiaries in Paraguay and Dubai.
FAQs
What is MARA's stance on U.S. Bitcoin reserves?
MARA advocates for the U.S. to take leadership in Bitcoin reserves, similar to its historic control over gold, to counter the de-dollarization trend.
How do U.S. and China compare in Bitcoin reserves?
The U.S. and China hold the largest Bitcoin reserves, with the U.S. owning nearly 200,000 BTC and China holding around 190,000 BTC.
What strategy does MARA propose for U.S. Bitcoin leadership?
MARA recommends increasing domestic Bitcoin mining, reducing foreign hardware dependence, and creating legal clarity and incentives for miners and investors.
Where does Marathon Digital operate globally?
MARA operates primarily in the U.S., with major facilities in Texas, North Dakota, and Nebraska, and has joint ventures in Paraguay and Dubai.
