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?
If that happens, I'm sure you will see the price of Bitcoin $ 1-2 million/pieces, the general reason for the supply of 21 million will result in Bitcoin to be rare, not to mention the countless bitcoin The amount is immersed in the wallet because the owner dies and another factor reduction of each Halving occurs.
For that, if all countries adopted Bitcoin, you know for yourself what happens to rare goods, but I think that will not happen, only a few countries are brave like El Salvador, others are still pros and cons, because not all countries think like El's mindSalvador, I think it's just a hallucination.
I've been thinking about what'd happen if more countries jumped in to mine and stash bitcoin. I mean, there's only so much of it right? So I figure that could push the price way up, maybe even to crazy high, since it's get harder to grab some. But it kinda worries me too, because if big governments start hoarding it, they might end up controlling too much and that feels off for something that's supposed to be free from all that. I dont think we're headed for wars over bitcoin just yet, most places still seems nervous about going all in. The way its supply stays tight and gets cut in half every few years keeps me hooked, though it's like a slow burn that keeps the value ticking up. For me, the whole point of bitcoin sticking around is that it stays spread out, not locked up by a few big shots. I'm curious to see how it shakes out as more folks wake up to it.