• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Samson Mow on Covert Efforts Against Bitcoin Adoption by Countries

user avatar

by Giorgi Kostiuk

a year ago


Samson Mow, CEO of JAN3, recently expressed concerns about covert actions by international organizations working against countries adopting Bitcoin as legal tender.

IMF's Influence on Bitcoin Adoption

Mow believes the IMF and similar organizations are deliberately attempting to keep countries, particularly in the Global South, financially dependent on traditional systems. He argues that Bitcoin represents a threat to this status quo, offering nations a path toward financial independence by bypassing traditional debt structures and centralized control. In the Bitcoin community, these actions are seen as a form of financial manipulation by global financial institutions aiming to retain control over developing nations.

Global Response to Bitcoin Adoption

Despite these covert pressures, Samson Mow remains optimistic about Bitcoin's future. He highlights the potential of the United States, which could ignite a global trend by integrating Bitcoin into its financial reserves. Donald Trump, a 2024 U.S. presidential candidate, has hinted at plans to hold 200,000 Bitcoins as a strategic national asset if elected. Similarly, Senator Cynthia Lummis has introduced a bill advocating for a Bitcoin reserve, reflecting growing political interest in cryptocurrency.

Mow's Optimism for Bitcoin's Future

Mow acknowledges that while these proposals may face opposition, they could encourage other nations to follow suit. Some countries, such as Ukraine, Georgia, and Bhutan, have already begun storing Bitcoin as part of their national reserves, although much of this has come from seized assets.

In conclusion, Samson Mow continues to advocate for Bitcoin adoption, hoping for positive changes in the global financial system and increased independence from traditional financial institutions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

US Military Buildup in the Caribbean Raises Tensions

chest

The Trump administration has significantly increased its military presence in the southern Caribbean, deploying a massive naval force since early September, raising concerns about potential military conflict.

user avatarKofi Adjeman

Trump Announces Closure of Venezuelan Airspace Amid Rising Tensions

chest

US President Donald Trump has announced the closure of Venezuelan airspace, sharply escalating tensions between Washington and Caracas.

user avatarTando Nkube

OCC's New Guidance Promotes Broader Crypto Engagements

chest

The OCC's Interpretive Letter No 1186 expands national banks' capabilities in cryptocurrency, promoting broader crypto engagements and enhancing custody and DeFi services.

user avatarJesper Sørensen

OCC's New Letter Enhances Banks' Autonomy in Blockchain Payments

chest

The OCC's recent Interpretive Letter No 1186 allows banks to manage blockchain network fee payments directly, enhancing their autonomy and innovation potential.

user avatarSatoshi Nakamura

OCC Allows National Banks to Hold Crypto Tokens for Blockchain Fees

chest

The OCC has issued a letter permitting US national banks to hold native crypto tokens for blockchain fees.

user avatarRajesh Kumar

Digitap Launches Black Friday Event with Over 1M Prize Pool

chest

Digitap is hosting a 96-hour Black Friday event featuring unique bonuses and rewards, with a total prize pool exceeding 1 million.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.