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Lowery’s theory posits that Bitcoin could become integral to US defense strategy, potentially driving its value to unprecedented levels. This bold assertion, made by US Space Force Major Jason Lowery, suggests a revolutionary shift in how we perceive and utilize digital currencies. In his role as a national defense fellow at MIT, Lowery has highlighted the strategic importance of Bitcoin’s proof-of-work mechanism, proposing that it could serve as a formidable deterrent against cyber threats. His perspective introduces a compelling narrative where Bitcoin not only acts as a financial asset but also plays a crucial role in national security infrastructure.
In a now-deleted X post, Lowery asserted that once the public overcomes fears of government bans on Bitcoin and recognizes its defense potential, the national security implications will become evident. He speculated that this understanding could propel Bitcoin’s value to $100 million per coin. Lowery believes that Bitcoin can transform the global electric power grid into an enormous, physically demanding computer, or “macrochip,” capable of physically constraining malicious actors and protecting data across the internet. He claims this innovation could ignite a cybersecurity revolution and help the US maintain its status as a global superpower.
Lowery’s perspectives are elaborated in his book, Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, which delves into Bitcoin’s potential as a national security tool and a means of power projection in the digital age. Interestingly, the book was reportedly withdrawn from circulation and the MIT library for unspecified reasons, adding a layer of mystery to his claims. As of May 2024, it is once again available on Amazon.co.uk in a self-published format.
Lowery advocates for the US Department of Defense to formally examine the national strategic significance of proof-of-work systems like Bitcoin. He contends that Bitcoin’s consensus mechanism could serve as a strong deterrent against cyberattacks due to the substantial physical costs of maintaining the network, relating to how military assets deter physical assaults.
Lowery’s views carry far-reaching implications, particularly as the US navigates the strategic value of Bitcoin and cryptocurrencies amid heightened regulatory scrutiny. His stance sharply contrasts with the prevailing regulatory approach, which has primarily focused on litigation and control rather than the support and integration of digital assets.
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