The Bitcoin business: Securing India’s strategic interests
— Rational compromise, Contained, Rise, Presence, Absolute mathematical scarcity, Sovereign nation whose interests, Asset class, Growth technology stocks, Sufficiently imposed, Defeats — 1 min read
Bitcoin could replace gold and the US dollar as the global reserve commodity in the coming years. Being an early adopter is India’s rational strategy in the national interest. By suppressing Bitcoin adoption today, India (and China) could be making similar errors with grave implications for their future. Every country, except the US and China, has a rational incentive to use the neutral Bitcoin network for global trade. The power games between US dollar, the Chinese yuan, and open-source Bitcoin will be an intriguing geopolitical episode of this decade. Bitcoin has more ground to cover before it defeats the veterans, but it does offer something unique to the world: Decentralised globalisation, with individual sovereignty and collective security for nations. As a pure monetary good with no other utility Source