So, it seems the soundbite got some popularity recently both with the political class and the Bitcoin community
America is going to be the next Bitcoin/Crypto superpower
But I do not see clearly what exactly does that entail, neither from the politicians who trumpet it (pardon the pun), nor from the enthusiasts. Does it mean some combination of
- a lot of jobs created via Bitcoin (politicians love that)
- heavy Bitcoin adoption, specifically, merchant and non-political entities
- most people living by a Bitcoin standard and BTC becoming the legal tender
or something else?
Related, as I said in some other posts, places like Singapore, Hong Kong etc. market themselves as crypto friendly, but primarily to attract investment and job creation via institutions (good thing, for political propaganda), but heavily discourage any notion of financial self-sovereignty or self-custody via Bitcoin, as evidenced by their lack of merchant or popular adoption. In other words, they are all for institutional CBDC/stablecoin and surveillance technology, but not for the spirit of Bitcoin.
On the other hand, places like Lugano (Switzerland) is not a superpower, but one of the freest places on the planet in terms of economic freedom, and got real Bitcoin adoption.
So do those Americans realise that Bitcoin cannot confer superpower to any government, it results in erosion of government power, and which is the whole point?
And hence, any politician who says the Bitcoin superpower and America in the same sentence, should we, the electorates or the press ask what are the measurable outcomes of such a giant rhetoric instead of dancing with it?