Mining Company Urges US to Increase Bitcoin Reserves
MARA Holdings, a prominent mining company, has called on the United States to bolster its Bitcoin reserves and hash rate as part of a strategy to enhance national security. According to BeInNews Academy (source), MARA emphasizes that investing in domestic mining hardware and strategic reserves is crucial for reducing reliance on foreign manufacturers like Bitmain. The company warns against potential threats from international control over cryptocurrency transactions.
The firm highlights that while the U.S currently holds approximately 200,000 Bitcoins compared to China's 190,000 BTCs, it still lags behind in terms of gold reserves with only 8,133 metric tons versus China’s 2,264 tons. To address these concerns, MARA proposes a six-point plan focusing on promoting local production of ASIC chips and setting global standards for decentralized networks.
21 Essential Facts About Bitcoin Everyone Should Know
A recent article by Watson (source) outlines critical information about Bitcoin's history and functionality. Since its inception in January 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin has grown into a significant financial asset despite initial skepticism regarding its value and purpose.
The piece delves into various aspects such as how Bitcoins are mined using specialized computers called ASIC miners which validate transactions through solving complex mathematical problems. It also discusses issues surrounding lost bitcoins due to forgotten access keys—estimated at around six million—and addresses common misconceptions about energy consumption within the network.
Bitcoin Nears $100K: Milestones Along Its Journey
An analysis from Finanzen.ch (source) chronicles key milestones leading up towards reaching nearly $100k per coin valuation recently achieved amidst growing institutional acceptance worldwide, including pension funds entering markets alongside major investors recognizing digital currency potentials beyond traditional finance systems.
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