The Case for Nation-State Bitcoin Adoption in 2024 and Beyond
By Samson Mow In 2022 I founded JAN3, a company dedicated to facilitating the journey for new countries looking to step into Bitcoin territory. This was a year after helping with El Salvador’s Bitcoin adoption process. The reasoning was simple: if Bitcoin was to fulfill its promise of becoming the world’s new reserve currency, it would be only natural for nation states to pivot towards it. Since its inception, Bitcoin has been likened to money or a commodity by any number of regulators, yet no matter their outlook, neither of these comparisons frames Bitcoin as an asset that in just a decade has attained similar status to thousand-year-old commodities such as gold or coffee. In 2024, Bitcoin ETFs trade in the same markets as these goods, while presidential candidates in the United States debate its role next to the almighty dollar in contemporary America. Although headlines of “Bitcoin going mainstream”…