Part 7/9:
One of the most compelling factors driving future Bitcoin demand could be the adoption by nation states. Countries like Russia, Iran, and even segments of China are reportedly exploring or operationalizing their Bitcoin mining capabilities, potentially propping up demand and ensuring Bitcoin’s neutrality.
Historically, Bitcoin adoption at the individual level began with dark-web transactions before transitioning into more conventional use as its reputation evolved. Similarly, nation-states might initially use Bitcoin for non-standard transactions but could gradually facilitate regular trade using the currency if it becomes essential for geopolitical reasons.