Part 9/14:
The panel discussed China’s crackdown on Bitcoin miners and how that has prompted a global reshuffling of hash rate. Countries like the US, with rich energy resources and entrepreneurial spirit, are positioned to take a leading role. The discussion also touched on China's Belt and Road Initiative, which has spread influence through infrastructure investments—contrast to US decline following the Afghanistan exit.
The situation in Afghanistan was framed not just as a geopolitical event but also as an example of the erosion of faith in fiat-backed systems. The incapacity of the US dollar's backing—dependent on military and geopolitical power—can be complemented or challenged by Bitcoin's decentralized, hard-money nature.