Bitcoin alters the economic dynamic in geopolitics Great powers often pursue their interests with strategies that involve economic coercion or competition. Bitcoin will force them to completely alter these strategies. And this will be good for the world. Economic sanctions are the classic way in which great powers try to submit other nations to their interests. Especially if they have control over the financial system, like the US currently has. This explains why the US is the leader in sanctions with 9,000 imposed as of 2023. Its control over the global financial system through the USD allows it to create serious headaches to any entity using dollars for trade. Bitcoin will force great powers to adopt a totally different strategy because no great power (or small power) can control it or decide who can or cannot use it. It will be impossible for great powers to cut their adversaries out of world trade with the push of a button. Instead they will have to revert back to competition to gain an advantage over competitors and adversaries. The most viable strategy to gain an advantage is by attracting as much hash rate as possible to its or friendly jurisdictions. By doing so they will earn Bitcoin fees on as many Bitcoin transactions worldwide as possible. In theory they could then push their adversaries’ Bitcoin transactions to hash rate in other jurisdictions. This should put upwards pressure on the transaction fees of those adversaries. In order to attract as much hash rate as possible great countries will need to develop their technology and energies sectors. This competition in tech and energy will be good for the world, which will benefit greatly from the second and third order effects of these (peaceful!) developments.