In a significant development for the cryptocurrency space, Cypherpunk Nick Szabo has joined Samson Mow’s digital infrastructure company Jan3 as its chief scientist. This move comes at a time when several nation-states are accumulating Bitcoin (BTC) as a reserve asset, sparking a growing trend of global adoption.
Szabo’s Role and Vision
As chief scientist, Szabo will be spearheading research into the implications of Bitcoin on monetary policy, international trade settlement, and global adoption. In an announcement, Szabo outlined his vision for Jan3:
By focusing on decentralization and trust minimization, we can address the systemic inefficiencies of legacy systems and empower individuals, corporations, and nations to embrace true financial sovereignty.
Szabo’s appointment is expected to bolster Jan3’s efforts in promoting global Bitcoin adoption. With his extensive experience in cryptocurrency research and development, Szabo will play a key role in cementing BTC as the cornerstone of an entirely new global financial system.
Jan3 and Global Bitcoin Adoption
The addition of Szabo to Jan3 comes amidst growing interest from nation-states in accumulating Bitcoin reserves. This trend is expected to drive crypto growth in 2025, according to Fidelity Digital Assets. The international "hodl" race is on, with smaller nations like Bhutan and El Salvador front-running the US by stacking Bitcoin as a reserve asset.
The Rise of National Reserve Holdings
In November, entrepreneur and investor Anthony Pompliano declared that the Bitcoin race between nation-states was underway. Smaller nations are less concerned about systemic financial risks from Bitcoin adoption due to their size, making them more willing to accumulate BTC reserves.
- El Salvador’s Strategic Reserve: As of December 28, El Salvador’s Bitcoin holdings totaled 6,000 BTC, valued at $569 million at the time. The country has been steadily buying 1 BTC per day as part of its strategic reserve plan.
- Bhutan’s Crypto Holdings: According to Arkham Intelligence, Bhutan currently holds roughly 11,600 BTC, valued at approximately $1 billion.
The Kingdom of Bhutan’s Digital Asset Reserve
In a January 8 announcement, the Gelephu Mindfulness City in Bhutan revealed plans to establish a digital asset reserve. The reserve will include cryptocurrency staples such as Bitcoin, Ether (ETH), and altcoins like Binance Coin (BNB). Authorities from the region plan to discuss plans for the crypto reserve with national officials and industry leaders in March 2025.
Mow’s Prediction on Bitcoin Adoption
Samson Mow, CEO of Jan3, predicts that Bitcoin adoption will accelerate following the digital currency breaking the $100,000 price level. He believes that spiraling government debt, rapid depreciation of fiat currencies, and an erosion of public trust in institutions will drive the world toward a Bitcoin standard.
Conclusion
The addition of Cypherpunk Nick Szabo to Jan3 as chief scientist marks a significant development for the cryptocurrency space. As nation-states continue to accumulate Bitcoin reserves, global adoption is expected to grow exponentially. With Mow’s prediction on accelerating adoption and Szabo’s vision for decentralization, it’s clear that Bitcoin is poised to play a crucial role in shaping the future of finance.
Related Articles
- Nation-state Bitcoin adoption to drive crypto growth in 2025: Fidelity Digital Assets
- The international hodl race is on
- China will intensify Bitcoin bull run, $1M by 2028: Bitcoin Man, X Hall of Flame
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