Bitcoin as a National Security Concern: Marathon Digital CEO Raises Alarm

Fred Thiel, CEO of Marathon Digital, has raised concerns that Bitcoin has evolved from a speculative digital asset to a matter of national security for the United States. According to Thiel, the lack of sufficient onshore Bitcoin mining could leave the U.S. vulnerable, potentially locking American Bitcoin holders out of the global market. His comments come at a time when countries like Russia are reportedly mining $3 billion worth of Bitcoin annually, increasing their dominance in the global crypto market.

Thiel’s warning has caught the attention of policymakers, as Bitcoin’s growing influence on financial markets and national economies becomes more apparent. The ongoing collaboration between Russia and Iran on potential cross-border digital asset transactions further underscores the geopolitical implications of cryptocurrency mining. For the U.S., securing domestic Bitcoin mining capacity is now seen as crucial to maintaining economic and strategic advantages in the global market.