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#1299 Fred Thiel | Largest Bitcoin Miner Explains Why Bitcoin Will Explode
The Pomp Podcast
Nation States are mining Bitcoin as a hedge against the US
Sovereign miners are important for countries seeking to avoid financial conflicts with the US. By mining Bitcoin, these nations can have control over their transactions and avoid potential restrictions imposed by the US through the O-FAC process. This allows them to diversify their reserves beyond gold and dollars and build up their cash reserves and treasury. Hence, sovereigns are increasingly exploring Bitcoin mining not just for monetary benefits but as a strategic move to safeguard their financial interests.
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