For the US to maintain global leadership, it needs to revert to its historically most potent soft power tool - liberty. But to do that will require an acknowledgment that the concept of liberty is no longer fixed in America’s popular imagination. One example of many, the discussion about the future of the financial system and Bitcoin’s role in it should not be left to regulators and bureaucrats to decide, as these are all temperamentally inclined to increase their influence at the expense of the rule of law.

China’s mercantilist approach toward the world and authoritarianism at home would not be able to compete with a United States that truly lived its historical purpose of protecting liberty and allowing its people to pursue their lives according to their own will. The US fundamentally lacks the tools to beat China in a race toward better economic and social planning. But a country that embraces liberty and encourages citizens to unleash the power of their ambitions will beat a five year plan every time. And what better tool to empower those citizens than Bitcoin.