Trump May Consider Bitcoin as Reserve Asset to Join ‘SoftWar’ Road to $1 Million

Jason Lowery, the author of “SoftWar: A New Theory of Power Projection and the National Strategic Importance of Bitcoin,” revealed in early June that members of Donald Trump’s campaign administration had contacted him about his Bitcoin expertise.

“I can confirm that I was contacted by people in the Trump campaign about you know what. I told them that I was ready and willing to move to Washington if asked.”

In his remarks, Lowery stressed the importance of Bitcoin to national security and its strategic importance to the U.S. military, including defense and securing cyberspace. He suggested the formation of a “U.S. Hash Force” and discussed the potential creation of a new government agency to oversee Bitcoin-related initiatives.

Lowery proposed that agencies such as the Department of Energy (DoE) and the Department of Defense (DoD) be involved. Specifically, he recommended that U.S. Cyber ​​Command (USCYBERCOM) or U.S. Strategic Command (USSTRATCOM) establish a Combined Strike Force Component Command (CHFCC).

“In my thesis, I recommend that USCYBERCOM or USSTRATCOM have a Combined Strike Force Component Command (CHFCC) involving FVEYE and NATO nations.”

The command would work with FVEYE and NATO countries to counter similar efforts by Russia and China in the evolving landscape of digital warfare, which it calls “#Softwar.”

A few days later, Lowery cryptically announced: “Let the #softwarewars begin 🇺🇸🦌
🫡🤫👋” and then declared that he would “disappear,” implying a period of reduced public communication or increased secrecy.

Lowery stressed his political neutrality, saying he supports any commander in chief and does not endorse any political party. He said only the Trump campaign had contacted him.

Bitcoin as a reserve asset in the United States

More recently, in response to Dylan LeClair sharing a Forbes article highlighting Trump’s discussions of Bitcoin as a strategic reserve asset, Lowery responded with a suggestive winking emoji, indicating his knowledge of and possible involvement in these high-level strategic conversations about Bitcoin’s future role in national security and economic policy.

In this article, Sam Lyman, Director of Public Policy at Riot Platforms, discusses the emerging policy debate around Bitcoin as a potential strategic reserve asset. This debate was fueled in part by former President Donald Trump’s expressed support for Bitcoin during his election campaign. Trump’s comments highlight the geopolitical implications of Bitcoin, suggesting that policies that limit its use would inadvertently benefit adversaries like China and Russia.

Lyman points out that Trump is not alone in taking this position. Figures such as former presidential candidate Vivek Ramaswamy and Senator Cynthia Lummis have also advocated for the strategic integration of Bitcoin into the U.S. financial system. Ramaswamy has proposed backing the dollar with a basket of commodities, including Bitcoin, to combat inflation, an idea that mirrors a similar proposal by independent candidate Robert F. Kennedy Jr.

The article also features thoughts from Galaxy Digital’s Alex Thorn, who highlights Bitcoin’s potential to play a significant role in global finance. Thorn argues that as Bitcoin becomes more integrated into institutional portfolios and corporate balance sheets, it could also be adopted by nation states.

Lyman shared Lummis’ comment that the United States, currently the largest holder of Bitcoin among nation states, could further leverage that position by officially recognizing Bitcoin as a strategic reserve asset. Lummis believes the move could spark a global race among countries to secure Bitcoin, amplifying its role in international trade and geopolitics.

Lyman highlights the potential benefits of such a strategy through the success stories of MicroStrategy, a company that revitalized its fortunes by investing heavily in Bitcoin, and El Salvador, which has seen significant returns on its Bitcoin investments since making the currency legal tender.

Ultimately, Lowery’s comments about going “black” a month ago and his recent cryptic response to a post about Bitcoin being considered a reserve asset raise questions about whether Lowery was actually in Washington to discuss Bitcoin with political parties. Additionally, Lowery had previously deleted all Bitcoin-related posts from his X account within 48 hours. However, these recent posts have remained since June 8.

According to Lowery, Bitcoin could reach $1 million per coin as the next stage of the SoftWar if and when the United States accepts it as a weapons system rather than just a peer-to-peer currency.

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