David Bailey, CEO of BTC Inc. and a crypto adviser to former President Donald Trump, recently forecasted a major leap in bitcoin adoption from nation-states—soon, and on a colossal scale. Bailey’s prediction comes amid whispers of government-level bitcoin activity, with the next step being the creation of bitcoin reserves.
Bailey, known for rallying crypto whales to back Trump with a $25 million crypto funding campaign, spoke out about significant moves brewing under the radar. According to him, several nations have been testing out mining programs in secret, with some early adopters already ramping up to large-scale operations. These strategic experiments point toward a pending, unprecedented move into bitcoin, as countries around the world eye potential reserves backed by the cryptocurrency.
Bitcoin Reserves Expected to Become a Strategic Asset
In Bailey’s view, this momentum points to the rise of state-backed bitcoin reserves, which could include central bank acquisitions or even sovereign wealth fund integrations. While countries like El Salvador and Bhutan have dipped their toes, either buying bitcoin daily or powering national mining initiatives, Bailey believes a tidal wave of big players will soon join in. He suggests this shift could happen “in months,” with possible billion-dollar monthly bitcoin investments by major economies.
For Bailey, the Overton window—a concept describing the range of ideas the public is willing to consider—has significantly broadened regarding bitcoin. The once-radical idea of bitcoin as a reserve asset is now inching toward reality. And with this ideological shift, Bailey envisions several nations joining in, each scooping up massive monthly bitcoin stockpiles.
Global Power Struggles in Bitcoin Adoption
JAN3, a company focused on advising nation-states about bitcoin’s potential as a reserve, is at the forefront of this shift. Samson Mow, JAN3’s CEO, has been vocal about obstacles facing developing nations aiming to embrace bitcoin. He points out that institutions like the World Bank and the IMF work to slow down this movement, as some traditional finance players aim to keep developing countries reliant on their systems. Mow argues these “covert operations” act as guardrails to prevent emerging markets from becoming bitcoin-powered economies.
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