US President Donald Trump wants to make his country a “Bitcoin superpower,” but the question remains as to who he is competing against.
Speaking at Blockwork’s Digital Asset Summit on March 20 to a crowd of crypto industry executives and observers, he said, “Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”
The US crypto industry has benefited greatly from preferential executive orders from Trump’s White House, including the establishment of a “strategic Bitcoin reserve” — a move advocates regard as a key metric for Bitcoin adoption.
However, many other countries, including major US trade partners, are just not ready to take on Bitcoin as a reserve asset, begging the question of who the US is competing against to become a “Bitcoin superpower.”
US allies, trade partners and rivals aren’t competing on Bitcoin
Compared to major trade partners and geopolitical