Some governments (like El Salvador and Russia) are moving into bitcoin mining. If more nation-states accumulate BTC, what impact will this have on decentralization and price stability? Could this lead to geopolitical bitcoin wars?
I think that governments will utilize bitcoin so much more than just a strategic reserve. They will refine energy consumption methods around the mining and advocate for less takes and promote higher earnings amongst their citizens if they want adoption to take place. Perhaps Nations will certainly be many of the whales but I just thing there are too many OV whales that outnumber these nations
If it come to spending money on investment, I guess governments are capable of that because they know that they will benefit from the investment before they leave the office for another president to take over, and they will make sure they sell to have Share with the profit for the leave. What El Salvador government is doing today to open the eyes of their citizens to BTC and other cryptocurrencies investment in the country, it will impact so many people to start going into BTC investment to increase profit.
But the effort El Salvador government has made so far for their people to know BTC investment, it will be difficult for Russia government to achieve easy because they will be doubting BTC investment and it will make them not to use big amount of money to invest in BTC.