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International Business Times
International Business Times
Business
Marvie Basilan

Marathon Digital's CEO Calls Bitcoin A 'National Security Concern' For US

Bitcoin is no longer just a digital coin for enthusiasts, it has become a matter of "national security concern" as per Marathon Digital's Fred Thiel. (Credit: AFP)

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.

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