Benzinga - A lengthy academic paper about Bitcoin (CRYPTO: BTC), authored by a U.S. Space Force major, has become a bestseller on Amazon.
What Happened: Written by Jason Lowery, the paper was the result of research conducted during a six-month fellowship at MIT, sponsored by the Department of Defense.
The paper, titled “Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin,” suggests that Bitcoin could potentially be used for securing the information on a military-grade level.
According to Lowery’s Amazon bio, he has advised senior US officials in offices related to the president, Secretary of Defense, and the Joint Chiefs of Staff on Bitcoin-related policy.
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“Softwar,” has received over 200 ratings on Amazon. The majority of these ratings gave the book a five-star review.
The acknowledgments section of “Softwar” gives credit to some of the most loyal supporters of Bitcoin, including Michael Saylor of MicroStrategy and Peter McCormack.
In the paper, Lowrey also highlights that the US could potentially face a threat to its national security if it fails to maintain sufficient reserves of Bitcoin, especially if the network becomes widely used as a cybersecurity tool.
Price Action: At the time of writing, BTC was trading at $27,711, down 2.83% in the last 24 hours, according to Benzinga Pro.
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