Part 9/10:
The geopolitical implications surrounding Bitcoin mining and hash power also present both opportunities and risks for nations. As countries strategize around Bitcoin adoption, there will likely be increasing competition for hash power, paralleling traditional power struggles in global politics. Long suggests that such a climate may fuel an innovative financial landscape, with nations reconsidering their economic frameworks and investments in Bitcoin.
Conclusion: Embracing a New Financial Paradigm
Long’s insights highlight the urgent need for financial literacy surrounding Bitcoin and the imperative to challenge and innovate the traditional banking systems.