US Military Bitcoin 'Power Projection' Thesis Debated Amid Institutional Surge

Analysts debate the US military's Bitcoin 'power projection' concept on May 8, per the Softwar thesis, as institutional momentum builds. The story ignited April 22 with Admiral Paparo's disclosure of INDOPACOM's live Bitcoin node for cybersecurity, escalated April 30 via Hegseth and Rep. Gooden's endorsements framing BTC as a strategic asset (US ~328K BTC vs. China ~194K), Pentagon's May 1 confirmations, Taiwan's May 2 ~$2.5B reserve proposal from $602B FX, and May 4 catalysts: Morgan Stanley's MSBT ETP with $100M inflows and 2-5% allocation advice. BTC holds near $76,400 (+1%) post-$78.9K peak.