Cryptography pioneer Nick Szabo has been appointed as the chief scientist at Samson Mow’s Jan3 – a firm specializing in digital infrastructure that encourages worldwide use of Bitcoin (BTC). This announcement was made by the company on January 9th.
As a research analyst, I am tasked with pioneering investigations into the effects of Bitcoin on monetary policies, international trade settlement systems, and global acceptance under Szabo’s leadership as the chief scientist.
The Cypherpunk expressed his intention to collaborate with Jan3, aiming to solidify Bitcoin as a critical component in building a completely novel worldwide financial infrastructure. In simpler terms, Szabo stated that he intends to work with Jan3 to fortify Bitcoin’s role as the foundation for a brand-new global financial system.
“By focusing on decentralization and trust minimization, we can address the systemic inefficiencies of legacy systems and empower individuals, corporations, and nations to embrace true financial sovereignty.”
Adding Szabo into the mix with Jan3 occurs at a time when numerous countries are accumulating Bitcoin as a reserve currency, and there’s speculation about the establishment of a strategic Bitcoin reserve within the U.S.
The international hodl race is on
In a conversation with Yahoo Finance in November, businessman and financier Anthony Pompliano stated that the competition among nations over Bitcoin was already starting to unfold.
As a researcher examining the global adoption of Bitcoin, I’ve observed an intriguing trend. Smaller nations such as Bhutan and El Salvador, who aren’t burdened with systemic financial risks related to Bitcoin integration due to their size, are strategically positioning themselves by amassing Bitcoin as a reserve asset. In essence, they are leading the way, potentially setting a precedent that larger nations like the U.S. might follow in the future.
On December 28th, El Salvador held approximately 6,000 Bitcoins with a market value of around $569 million. This Central American nation has consistently been adding one Bitcoin to its reserves daily, as part of a long-term strategic plan.
As per Arkham Intelligence’s latest findings, Bhutan is estimated to possess around 11,600 Bitcoins, which equates to a value of nearly $1 billion.
In a statement on January 8th, the mindful city of Gelephu, a unique administrative area in the kingdom of Bhutan, unveiled its intentions to create a digital asset reserve.
The digital reserve we’re setting up will hold well-known cryptocurrencies such as Bitcoin, Ethereum (ETH), and Binance Coin (BNB) along with other alternative coins.
Officials from the region have planned to hold talks regarding setting up a cryptocurrency reserve with national authorities and key figures in the industry during March 2025.
In November, Mow shared his prediction that the rate of Bitcoin adoption would speed up once the digital currency surpassed the $100,000 price mark, as he conveyed to CryptoMoon.
In simpler terms, this leader who strongly supports Bitcoin believes that increasing government debts, fast loss of value in traditional currencies, and decreasing confidence in institutions will lead the global society to adopt a system based on Bitcoin.
Read More
- Best Race Tier List In Elder Scrolls Oblivion
- Elder Scrolls Oblivion: Best Pilgrim Build
- Becky G Shares Game-Changing Tips for Tyla’s Coachella Debut!
- Meet Tayme Thapthimthong: The Rising Star of The White Lotus!
- Gold Rate Forecast
- Elder Scrolls Oblivion: Best Thief Build
- Yvette Nicole Brown Confirms She’s Returning For the Community Movie
- Silver Rate Forecast
- Elder Scrolls Oblivion: Best Sorcerer Build
- Rachel Zegler Claps Back at Critics While Ignoring Snow White Controversies!
2025-01-09 22:15