If America wants to it will easily have the most bitcoin. In fact it already does in private ownership.
Discussion
How can you prove that to be the case?
I can’t prove it definitively, but America has 40% of the worlds financial markets. There’s a million+ bitcoin held by American public entities. Many wealthy Americans in SV and Wall Street have claimed to be hodling private stacks. America has the most nodes etc… I’m just guessing but I’d bet close to half of all bitcoin ever produced are in American control already.
40% of financial markets but how does that correlate to bitcoin ownership? 1,000,000+ is currently about 5.3% and another 45% based on some SV and wal streeters having private stacks. Most nodes run over Tor so how do you know they are in US and having a lot of nodes doesn’t equate to a big stack either? And most mining in the past was done in China so I’d say it is likely that Chinese ownership is likely greater that American.
China largely has a significant position as well. Then Europe.
But none of that bitcoin is tied to America per say. Those institutions and especially those individuals could get up and move at any point, particularly if draconian measures are taken against bitcoin in the states.
The last two presidents (Biden and Trump), who happen to control the justice dept, have expressed they dislike bitcoin and I would doubt the next two will be any different.
Yeah bitcoin can move quickly, but for now this is true
Plus the biggest hash atm
we don’t want any existing state to have any bitcoin… only individuals
There’s no way to prevent it though. States already own bitcoin. Look at El Salvador.
