Post
Topic
Board Bitcoin Discussion
Re: Will Governments Become the Biggest BTC Whales?
by
coupable
on 03/03/2025, 23:29:46 UTC
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?
It is too early to talk about this stage in which countries will enter into a war over Bitcoin because this is theoretically technically almost impossible unless technology develops in the future to allow colonial powers to plunder the resources of colonies in reality and on the Internet as well, or to steal them publicly since it is not difficult to discover this because Bitcoin is not like precious metals that are easy to steal.

It is almost evident that countries competing to collect the largest possible balance of Bitcoin will gradually turn into Bitcoin whales capable of monopolizing the network. In my opinion, no matter how big the whale countries become, there are always other parties that have long started storing Bitcoin that will be able to continue supporting decentralization and always reduce the authority of whales. In my opinion, the fears of who will control mining in the future with the increasing difficulty and increasing cost of investment, which perhaps only countries with huge budgets or some very few companies will be able to do.