- U.S. Space Force Major Jason Lowery suggests adopting Bitcoin and PoW systems for national defence and cybersecurity.
- Industry experts like Cathie Wood view this proposal as a significant proof of concept for Bitcoin’s utility in defence.
U.S. Space Force Major Jason Lowery has presented a groundbreaking proposal to the Department of Defense (DoD), advocating the adoption of Bitcoin as an integral component of their cybersecurity and defence strategy. This bold recommendation underscores the strategic importance of Bitcoin’s proof-of-work (PoW) protocol in bolstering national defence.
In an open letter addressed to the DoD Innovation Council, Major Lowery underscores the critical role that Bitcoin and similar PoW systems could play in modern “offset strategies.” These technologies have the potential to not only thwart cyberattacks but also enhance national security. This proposal broadens the scope of Bitcoin’s applications, moving beyond its financial role to critical domains like cybersecurity and national defence.
Reactions from Industry Leaders
Major Lowery’s proposal has garnered swift attention from prominent figures in the financial and cryptocurrency sectors. Ark Invest CEO Cathie Wood expressed optimism, highlighting that Bitcoin’s adoption by the Defense Department could have far-reaching implications in the realms of cyber warfare and defence. Wood referred to it as a “significant proof of concept for Bitcoin.” Leading lawyer John Deaton, known for representing XRP holders, also emphasized the bullish potential of such an adoption by the DoD, not only for Bitcoin but for other PoW cryptocurrencies as well.
In response to the proposal, Bitcoin (BTC) experienced a substantial rally, breaking through the psychologically significant $40,000 threshold with robust trading volumes. Currently trading at $41,446, Bitcoin’s price is anticipated to potentially reach $45,000 by December. The surge in trading volume, up by 40% in the last 24 hours, indicates a growing interest among traders and investors.
Major Jason Lowery’s proposal, along with the positive reactions from industry leaders like Cathie Wood and John Deaton, signifies an evolving perception of Bitcoin’s utility beyond finance. As Bitcoin gains increasing traction, its integration into national defence and cybersecurity strategies represents a new frontier in its application, potentially reshaping the landscape of cybersecurity and defence technologies.
