Episode Details
Title | Compound Finance Governance, Strategic Bitcoin Reserves, & BitClout's Legal Woes- The Chopping Block - Ep. 682 |
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Date | 8/1/2024 |
Podcast | Unchained โ |
Key Insights
Bullish:
- ๐ข $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.
- โThe idea of the US government becoming a Bitcoin holder and or purchaser is massive news.โ - Robert (0:00)
- โIf 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)
- โI kinda see it more as like the gateway drug thing is that it's legitimation.โ - Haseeb (0:00)
- โThe 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)
- โGold 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)
- โIt 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)
- โI 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)๐
- โSo it also seems good that both parties seem to be moving towards something closer to the middle ground.โ - Haseeb (0:00)๐
- โBut 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)๐
- โI 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)๐
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