The Bitcoin Adoption Letter

The Bitcoin Adoption Letter

#043: Monarchs ♥ Bitcoin

Daniel Batten
Jan 21, 2026
∙ Paid

A belated happy new year!

Have you ever thought about the paradoxical nature of truth? Of Bitcoin? Of decentralization itself?

Bitcoin is a decentralized monetary protocol. Yet the biggest adopter of Bitcoin is UAE. The biggest nation state adopter of Bitcoin mining is Bhutan. Both are centralized monarchies! In a conversation I had with Prince Filip of…

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