Podcasts: Read_603 - If Russia Invites Bitcoin Adoption, The Global Arms Race Begins [Mike Hobart] 🔗 2 years ago

"The U.S. and its allies are now effectively backed into a series of corners. Can the U.S. attempt to ban Bitcoin and its transactions? It can try, but will fail. China has already tried to do so, multiple times, and the same goes for India. Not to mention, the U.S. now has a multitude of politicians advocating for Bitcoin adoption, like U.S. Senator Cynthia Lummis and state governors showing political support for the asset and network." - Mike Hobart

Bitcoin has suddenly and aggressively entered the global political stage in recent weeks, and there will be no going back at this point. It is time for Bitcoiners to kick into high gear on what tools we use, how we onboard new users, and our education for those at the greatest risk in our increasingly volatile political environments. How do the benefits of Bitcoin mining, and its potential to bolster the energy grid & production, its benefit in international trade and routing around sanctions, mix with its undermining of monetary policy and likelihood of causing outflows from an increasingly fragile banking system? And what will Russia's response be in the coming years? Mike breaks down the mining and energy side of the equation, and we discuss Josef Tetek's article as well on the opposing issues.

There is so much to unpack in these events, and this will be covered again in the near future. Stay tuned, stay subscribed, and dont miss the next few weeks of Bitcoin Audible. Its getting crazy out there ladies & gents, buckle your seatbelts.

Check out the article and Mike's other works and follow him on Twitter at the link below: https://bitcoinmagazine.com/markets/russia-embracing-bitcoin-challenges-world

Also check out the other side of the coin, with Josef Tetek's piece on the regulatory controls Russia is pushing for: https://bitcoinmagazine.com/business/bitcoin-and-russia-regulations

For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. • Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN. Learn more about your ad choices. Visit megaphone.fm/adchoices

---

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message