Part 6/8:
Booth addresses the geopolitical landscape and the game theory surrounding Bitcoin adoption among nations. As Bitcoin gains traction, it has the potential to disrupt the current power dynamics, forcing countries to either adopt it or be left behind. Booth argues that the U.S. government may need to act swiftly to integrate Bitcoin into its economic framework to prevent a deflationary spiral resulting from excessive debt.
He underscores that this transition is not just beneficial for wealthy nations but could significantly empower developing countries, giving them a more substantial foothold in the global economy.