Global Bitcoin Race: Countries Compete for Crypto dominance
Investor Anthony Pompliano recently highlighted a global Bitcoin race on Fox News. He compared it to the space race, with countries like Russia, Abu Dhabi, El Salvador, and Bhutan vying for Bitcoin ownership.
El Salvador was the first to make Bitcoin legal tender in 2021, buying over 2,000 BTC to boost financial inclusion.The Central African Republic followed in 2022, seeing Bitcoin as a tool for economic growth.
bitcoin’s limited supply of 21 million coins makes it attractive. Countries aim to secure as much as possible, believing scarcity and demand will increase its value.
Michael Saylor, a Bitcoin advocate, likens the current era to a digital gold rush. He urges the U.S.