Game theory is a unique branch of applied mathematics that deals with the analysis of decision-making strategies. The foundation of this science is the assumption that the participants in the 'game' act rationally, taking into account both the rules of the game and the actions of other players. Initially, game theory found its application in economics to study market strategies and consumer behavior, and later it also touched upon international relations between countries.
Bitcoin is developing precisely based on the principles of game theory. In particular, China is taking steps that could affect the entire cryptocurrency market. Reports suggest that the country is considering launching a strategic reserve of bitcoins and may soon lift the ban on cryptocurrencies.
China's interest in cryptocurrency is driven by its desire to compete with the USA and strengthen its position in the world. As more countries adopt digital currencies, China aims to become a leader in the field of cryptocurrencies and blockchain technologies.
And imagine if all states join this race?
