Trump’s Potential Consideration of Bitcoin as Reserve Asset on Path to $1 Million in ‘SoftWar’
Jason Lowery, the author of the book “SoftWar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin,” shared in early June that individuals from Donald Trump’s campaign team had reached out to him seeking his insights on Bitcoin.
Expressing his readiness to relocate to Washington, Lowery highlighted the critical role of Bitcoin in national security, particularly in safeguarding cyberspace. He proposed the establishment of a “US Hash Force” and floated the idea of a new government body to supervise Bitcoin-related endeavors.
Lowery recommended the involvement of agencies like the Department of Energy (DoE) and the Department of Defense (DoD), suggesting that either the US Cyber Command (USCYBERCOM) or the US Strategic Command (USSTRATCOM) create a Combined Hash Force Component Command (CHFCC).
This proposed command would collaborate with FVEYE and NATO countries to counter digital warfare tactics by Russia and China in what Lowery terms the “#Softwar.”
Later, Lowery cryptically announced the commencement of the “#softwar” and indicated a period of reduced public visibility by stating he would be “going dark.”
Emphasizing his impartial stance, Lowery clarified that he supports any Commander-in-Chief and does not align with any specific political party, noting that only the Trump campaign had contacted him.
Regarding Bitcoin’s potential as a reserve asset in the US, Lowery responded with a suggestive wink emoji to a Forbes article discussing Trump’s considerations on Bitcoin as a strategic reserve asset. The article highlighted the geopolitical implications of Bitcoin, with Trump’s support suggesting that restricting its use could inadvertently benefit countries like China and Russia.
Sam Lyman, Riot Platforms’ public policy director, contributed to the discourse on Bitcoin as a strategic reserve asset, noting the support from figures like Vivek Ramaswamy and Senator Cynthia Lummis for integrating Bitcoin into the US financial system. Ramaswamy proposed backing the dollar with commodities, including Bitcoin, to combat inflation, echoing a similar idea from Independent candidate Robert F. Kennedy Jr.
Alex Thorn of Galaxy Digital also emphasized Bitcoin’s potential to influence global finance, foreseeing its adoption by nation-states as it becomes more prevalent in institutional portfolios and corporate balance sheets.
Lummis suggested that the US, as the largest holder of Bitcoin among nation-states, could enhance its position by officially recognizing Bitcoin as a strategic reserve asset. This move could spark global competition among countries to secure Bitcoin, amplifying its role in international trade and geopolitics.
Lowery’s recent posts hint at potential discussions about Bitcoin with political entities in Washington, raising questions about his involvement. Speculation persists on Bitcoin’s future trajectory, with Lowery suggesting a potential price surge to $1 million per coin if the US views it as a weapons system rather than just a peer-to-peer currency.
