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Nations will use bitcoin as a weapon, fight it, and probably succumb to it. Accumulation by the non-hegemonic nations could accelerate very quickly. The dawning awareness of Bitcoin’s strategic role will lead to secret accumulation by nations. The very same trick that Saylor applied with MicroStrategy, issuing low-rate long-term debt to fund bitcoin purchases, could be applied at a much greater scale by nations. As a central bank or national…
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