
KEY POINTS
- Thiel said US $BTC holders may get 'locked out' of transacting their coins if the country doesn't have enough on-shore mining
- Russia reportedly mined $3 billion worth of $BTC last year, raising concerns about its rising dominance
- Russia is also working with Iran on potential cross-border transactions using digital assets and CBDCs
Bitcoin, the world's largest cryptocurrency by market value and the most popular digital asset out there, has reached a point where it is now a "national security concern," at least according to Fred Thiel, the CEO of Bitcoin mining giant Marathon Digital.