Episode Details

Compound Finance Governance, Strategic Bitcoin Reserves, & BitClout's Legal Woes- The Chopping Block - Ep. 682
8/1/2024
Unchained โ†—

Key Insights

Bullish:

  • ๐ŸŸข $BTC - Discussing the potential impact of the US government becoming a Bitcoin holder and the legitimacy it would bring to Bitcoin as a global asset.
    • โ€œThe idea of the US government becoming a Bitcoin holder and or purchaser is massive news.โ€ - Robert (0:00)
    • โ€œIf the US actually implements such a thing... it would give a massive amount of legitimacy to the asset as a global asset.โ€ - Robert (0:00)
    • โ€œI kinda see it more as like the gateway drug thing is that it's legitimation.โ€ - Haseeb (0:00)
    • โ€œThe US is without question at the top of the stack. And so, you know, that would be the largest domino if the US actually implements such a thing.โ€ - Robert (0:00)
    • โ€œGold has always been a financial investment for economic security. So I think it's a little bit of a misnomer in weird marketing to call it, like, a strategic reserve.โ€ - Robert (0:00)
    • โ€œIt also seems good that both parties seem to be moving towards something closer to the middle ground. But Republicans clearly have fully embraced the crypto platform at this point.โ€ - Haseeb (0:00)
    • โ€œI think many other countries would follow, Not in any particular order or time frame, but it would give a massive amount of legitimacy to the asset as a global asset.โ€ - Robert (0:00)๐Ÿ”’
    • โ€œSo it also seems good that both parties seem to be moving towards something closer to the middle ground.โ€ - Haseeb (0:00)๐Ÿ”’
    • โ€œBut they're sort of it sounds like they're still undecided. But they're open to conversation and they're willing to, like, you know, take meetings in a way that the Biden administration was just really not open to.โ€ - Haseeb (0:00)๐Ÿ”’
    • โ€œI think it's a little bit awkward. But, you know, as a Bitcoin holder, most people who are listeners are likely Bitcoin holders in some way.โ€ - Robert (0:00)๐Ÿ”’

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