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2242: State Bitcoin Reserves Go Mainstream — Sovereigns Rethink Treasuries
00:36:04
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- [00:00]
A
Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever find yourself playing the budgeting game? Well, with your name your price tool from Progressive you can find options that fit your budget and potentially lower your bills. Try it@progressive.com Progressive Casualty Insurance Company and affiliates Price and coverage match limited by state law. Not available in all states. Welcome bitcoin fam to the number one bitcoin pod in today's show. I'll be breaking down the latest ta what's happening in the market. Here's some words from the high priest Max Kaiser. Epstein's files prove bitcoin is a mirror. Epstein discrediting OG's reflects on them, not bitcoin. Bitcoin is aesthetically perfect. Acts like astringent, pulling impurities out, leaving only beauty. Bitcoin doesn't get corrupted by toxic elements. It reveals them. We'll also be discussing Whale's 9 billion bitcoin sale was not due to the quantum concerns. According to Galaxy Digital. Also Bitcoin ETF assets slipped below 100 billion with fresh 700 or 272 million worth of outflows. Also Tian Ruking outlines 15,000 Bitcoin equity deal with strategic investor. I'll be breaking this down for you. As well as Trump expected to sign the bill to end the partial U.S. government shutdown. That's the word on the streets. We'll also be taking a look at the overall crypto market, discussing the state bitcoin reserves and understanding the bitcoin emerging role in sovereign treasury strategy. All this plus so much more right here in today's show. I'm going to play a video from Jack Mer's rant. Nice, epic, passionate rant from one of my favorite in bitcoin. Take it away, Jack.
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The last thing I will let happen to humanity is Jeffrey Epstein. Rob us humans of the invention that is bitcoin. What is transpired with these email leaks and all of this data leak? Guys, it's very simple. The current system is disgusting. And for the future of our species and the future of our children, we have to fix it. We are battling the battle for human prosperity and the future for our kids. You have disgusting pedophilic monsters running institutions, governments, countries, making extremely important decisions. We have to burn this existing system to the ground. Listen, we did not have a say in what we inherited. I'm young. I did not have a say in the world I inherited. But I'll be damned if I don't have a say in the world. That I build in the world that my kids inherit. Bitcoin will work. Open source software and distributed systems will prosper. Bitcoin is an open source project, meaning we get to see and audit everything. We can look at the code. If they implemented a backdoor, if they implemented something that was nefarious and malicious and destructive, we'd be able to see it. Bitcoin is a public utility. It's open to the world and so we can all see it. Bitcoin is well engineered and functioning and it doesn't matter what emails get leaked, the open source code doesn't change. Was a bad person involved when Fire was invented? It doesn't matter. Fire is a utility. People can benefit from Fire. How good of a person were the, you know, early Internet pioneers? Does anyone know? I guess the point is Bitcoin's an open source utility. It's a neutral thing. It doesn't have feelings, emotions, intents. It's just a bunch of code that delivers a very useful utility. Like water, like fire, like steel. The last thing I will let happen to humanity is Jeffrey Epstein rob us humans of the invention that is Bitcoin. That's the last thing I will do. These people if I have to go on CNBC every single day to ensure that the public knows that that guy has nothing to do with the credibility of this invention and how monumental it is for all of us to be living in this time and making use of this technology. I will do that. I will be damned if this guy's emails from a decade ago get in the way of bitcoin. Bitcoin doesn't give a and neither should anybody else.
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Today is pod number 2242. I'm your host JV alongside with fetch hair, nip and Aer keeping them nip and Aiden. Let's kick it off with our market watch pulling up coin360. Unfortunately the bulk of the market continues. Its correction to ether was in the 2000 range earlier. Right now it's just above 2100. We have Bitcoin touched a local low. New cycle low which is 72 but it did bounce a little bit. Currently just down 1.6% on the day. Trading above 73,500 bnb. Still correcting. Currently trading at $712. Down 5 1/2% on the day Solana down 5 1/2 percent. Not much in the green. Very modest gains such as Con Tron, Leo and Monero xmr checking out coinmarkcap.com crypto market cap continues declining again. This is mind boggling to me. We're down to 2.54 trillion. Total crypto market cap down another 3% on the day. Where's all this money flowing into is my question? Bitcoin market cap all the way down to 1.467 trillion. I'm pretty sure this is the lowest we've seen it this cycle. Again, mind boggling to me considering how much wealth is in the world and if it's dissipating. Crypto leads me to ask the question where the is all the money going? And checking out top 100 crypto gainers past 24 hours. Very modest gains across the board. As a lot of the markets cracking, we got optimism in the pack followed by Chili's and Lighter and checking out the Crypto Greed and Fear index. Today it's a 14 extreme fear yesterday 17, last week at 29 and last month at 26 in fear. Checking out the infamous time chain calendar. Today's block height 935.034and you could exchange one fiat monopoly dollar for 1359 SATS. Also consider by the time a SAT is priced at US$1, one bitcoin will effectively be worth $100 million per coin. So just a reminder, you got a pretty good deal today. 13:59 SATS per dollar. So you know what to do. You pick up the SATs, put down the gas, pick up some bitcoin caps from a homie sergio over@bitcoin caps.net but anyways, next up let's pull up some.
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Of the live charts. Lots of volatility in the markets. Also, I forgot to mention Happy birthday to Michael Sailor. Sailor said for his birthday this year he just wants you to buy bitcoin for yourself.
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So you know, to wish Sailor happy birthday, just buy some bitcoin on the day. That's all he's asking for. Very simple man, you know. And kudos to him for not being able to be blackmailed by Epstein. You got to respect that. Checking out the hourly chart, you can see we had a couple of green candles currently, but we have a red candle most recently printed.
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Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. You chose to hit play on this podcast today. Smart choice. Make another smart choice with Auto Quote Explorer to compare rates from multiple car insurance companies or all at once. Try it@progressive.com Progressive Casualty Insurance Company and affiliates not available in all states or situations. Prices vary based on how you buy.
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After bouncing from the current bottom today.
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Which is the new cycle low of.
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72 and again, we're currently 735 at.
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A time of the live and checking.
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Out the four hour not looking so good.
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We have 1, 2, 3, 4, 5.
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Six consecutive red cascading down candles well below the moving averages. Correction continues. I personally feel we're going to be retesting 69,000 support which is previous cycle all time high from back in 2021 because we're so close to that right now. Checking out the daily another red candle on the day yesterday was a blood bath as well. Day before that we finally had a bounce in the green, had a little recovery, but the day before that we had the red and then we had a massive red. Massive red. The trend is red unfortunately. Checking out the weekly. You also notice three consecutive weekly red candles and even though we're midweek it's forming a significant red candle again. Hopefully things can reverse. But remember, there's no telling with the constipated Ms. Yellen Bance. And checking out the monthly unfortunately, 1, 2, 3, 4. This is going to be the fifth consecutive red candle. Good lord. So yeah, we had an October, November, December, January and unless things turn around this month we'll have a February bear and that's five consecutive red candle monthly closes unfortunately. And doing a little ta Bitcoin price sets new 15 month low under 73 again the bottom is currently 72. We touched a little earlier today as crypto liquidates almost another billion but 800 million to be more precise. We already looked at the live charts. Let's get into the analysis. Kabisi letter wrote breaking silver price post massive reversal falling nearly $9 an ounce in under three hours. Gold prices also fell $220 an ounce in under three hours. So it's not just crypto correcting but precious metals obviously as well. As QCP Capital wrote crypto remains volatile. They also said the US government avoiding a fresh shutdown for the time being was easing to near term headline risk. So yeah, things would be even worse if there was a full on out shutdown. So quoting them here in macro to shut down overhang is faded but the key takeaway is how quickly fiscal standoffs can return. Homeland Security funding was only extended through 13th of February. Keep it another deadline risk in play. Bitcoin seeing bare market price action analyst wrote here.
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Ugly interim weekly candle for the bulls. If we can close sub 74 it's safe to say 50,000 area is next. Notice how the volume is high every.
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Time the price moves down.
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That tells us when the volume comes in it's selling.
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AKA bear market price action.
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Some analysts are calling for a bear trap.
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Let me know where you stand. Excuse me CJ Rope. Not sure if it'll be a straight shot or we bounce first but 59 to 65 is the next major downside level of interest for me. Again, let me know if you agree or disagree. That's where we're likely to go. And also the potential safety net in the form of the 200 week exponential moving average. It's currently 68 so do make note of that. Coin glass showed future long liquidations building above 72 while the 24 hour crypto liquidations were nearing 800 million. Here you're looking at the bitcoin liquidation heat map on the largest exchange bance you know. And as a little bonus I like to share here, this tweet from Max Kaiser Epstein files prove Bitcoin is a mirror. Epstein discredited OG's reflect on them, not Bitcoin. Bitcoin is aesthetically perfect and acts like astringent, pulling impurities out, leaving only beauty. Bitcoin doesn't get corrupted by the toxic elements, it reveals them. Can I get Amen?
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He also recently tweeted cowtoeing to stable coins.
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The launch of billion dollar vanity coin flops, the failure to pardon Keon Rodriguez and William Bur heroes who are the samurai developers, Samurai wallet and failure to create a strategic bitcoin reserve prove the US is not worthy of bitcoin. Shut up and sit down. You blew it and let me know if you agree disagree with that.
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Shout out to the high priest.
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One and only Mr. Kaiser.
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Next up headline reads Whale's 9 billion.
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Bitcoin sale was not due to the.
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Quantum concerns, at least according to Galaxy Digital.
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They denied that 9 billion bitcoin sale.
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By one of its clients was linked to quantum computing risks. Countering speculation after the earnings call. Following the company's earnings call, crypto community members pointed to the 9 billion bitcoin.
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Sale by one of Galaxy's wealthy customers.
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Who was fairly concerned about bitcoin's quantum resistance. Galaxy's head of research said on Tuesday that the 9 billion trade executed on.
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Behalf of its client was not due to bitcoin related quantum computing concerns.
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Quantum is not why the whale sold.
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Alex Thorne wrote Novo talking about Novogratz didn't connect the two. He said it was one reason people.
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Are claiming for bitcoin weakness, but he disagrees with that.
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This is clear if you read the full transcript.
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He then clarified on Bloomberg that the quantum isn't the reason for the bitcoin weakness. Now I don't know. I don't know Novogratz, I don't know his clients.
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One thing I know is Novogratz was a shitcoiner. He had a teraluna tattoo on his fucking arm and he was showing it off at the bitcoin conference. And bitcoin community don't forget things like that. But it is a little ironic they keep saying Quantum is not the reason he sold. Well why don't you clarify the reason why he sold instead of just keep repeating it's not due to quantum, it's not due to quantum. So my red flag has been alarmed. I'm just saying, you know. But I know nothing about it. I'm just reading between the lines here. Galaxy reported a net loss of 482 million in the fourth quarter of last year and and 241 million loss for 2025 in its quarterly report published yesterday.
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The impact of the future quantum computing breakthrough has been long standing concern for cryptographers and began emerging in asset management practices in recent years. In January Invest investment bank Jeffries Green and Fear strategist reportedly eliminated 10% allocation recommendation from his portfolio citing concerns around advance is in quantum computing. Then we had Blockstream CEO Adam Back dismissed concerns argued that quantum computing would.
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Need at least 20 to 40 years.
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To pose a threat to bitcoin and a lot of bitcoiners are in disagreement.
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Such as Jameson Lop etc.
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What's your thoughts on that? Let me know to address the perceived quantum computing threat, a group of bitcoin advocates and crypto fund managers started championing the the Bitcoin proposal 360 which would introduce post quantum signature option for bitcoin addresses that could be vulnerable for future advances in quantum computing. Galaxy Digital's earnings call reports massive crypto well offloading assets came as bitcoin dipped below 74,000 adding concerns to the market. Also in a different interview Novograt said I think we're getting close to the bottom, but we shall see. You always know a bottom after you see it. And continued progress with US Market structure bill known as the Clarity act could aid with the crypto market recovery. Also, officials of the Trump Admin met with representatives from the crypto banking industry to discuss how to address stablecoin yield and the pending market structure bill. In January, the Clarity Ax markup was postponed by the Senate Banking Committee, which.
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Raised issues with the draft treatment of.
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Tokenized equities, the second decentralized finance provisions and stablecoin yield rewards. It seems that was the core concern.
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The latter because the banksters do not want you earning yield on your stable coins.
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Now the Clarity act seeks to create a clear delinquent Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. You chose to hit play on this podcast today. Smart Choice make another smart choice with Auto Quote Explorer to compare rates from multiple car insurance companies all at once. Try it@progressive.com Progressive Casualty Insurance Company and affiliates not available in all states or situations. Prices vary based on how you buy.
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D
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The securities Exchange Commission and the cftc.
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So it's like they're battling it out. They both want dominion over your crypto in relation to crypto assets as the first comprehensive crypto market structure framework in the United States.
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But next up yo Bitcoin ETF assets lit below 100 billion with a fresh 272 million of outflows. And it's no coincidence that you see the price continuing to correct as outflows continue at unprecedented levels. You know assets in the spot Bitcoin ETF slip below 100 billion on Tuesday following Twitter 72 million of outflows. So so value said.
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The move marked the first time the.
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Spot Bitcoin ETF assets under management have fallen below that level since April 2025 after peaking at 168 billion in October. The drop came amid the broader crypto market sell off while Bitcoin slid below 74 just yesterday. Now the global crypto market capitalization fell from 3.11 trillion, another half a trillion down yo to 2.64 trillion over the past week.
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How low will she go?
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Also, the latest outflows from the spot.
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Bitcoin ETFs followed a brief rebound inflows on Monday when the products attracted 56062 million in net inflows.
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Bitcoin funds resume losses on Tuesday, pushing.
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The year to date outflows to almost 1.3 billion coming in line with the ongoing market volatility. Now by contrast, ETFs track and alt such as Ether, XRP and Salana recorded modest inflows of 14mil 20mil and 1.2mil. The ongoing selloff of the Bitcoin ETFs come as the bitcoin trades below the ETF creation cost basis of 84,000. That's basically when the E test went live in January. I think it was January 11th of 2024. That was the price, so we're significantly below that right now. It was pretty wild. Market observers say the slump is unlikely to trigger further mass sell offs of the ETFs. Quoting Nate Jurassi My guess is vast majority of assets of the spot Bitcoin ETFs they put regardless. Let me know if you agree or disagree. We also have Thomas Rout, CEO of institutional liquidity provider B2C2, echoed the sentiment, noting institutional ETF investors are generally resilient. Still, he hinted that a shift towards the on chain trading may be underway. Quoting them here the benefit of institutions coming in and buying ETFs is they're far more resilient. They will sit on their views and positions longer. I think the next level of transformation is institutions actually trading crypto rather than just using securitized ETFs. We're expecting the next wave of institutions to be the ones trading the underlying assets directly.
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Next story yo, this is the 15,000.
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Bitty deal and then we'll get into.
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The Trump expected to sign the bill which allegedly has already been signed and we're waiting to pass Congress. But TN Ruang outlines a 15,000 bitcoin equity deal with a strategic investor. That's right. This company is on the NASDAQ with the ticker tirx. Let me know if you heard of it. Sounds like a Chinese company though said it enters strategic agreement under which an unidentified investor would contribute 15,000 bitcoin in exchange for an equity stake in the company. Bitcoin touched the new low of 72 for the cycle here. It's currently, you know, a little higher. The proposed contribution would be Valid at about 1.1 billion now, Tian Ruang said the agreement includes strategic partnership focused on AI and crypto initiatives, including a joint innovation yes Please lab focus on the AI power trading, risk management tools as well as the blockchain decentralized application development. The company described the counterparty only as a global digital asset investor would experience across crypto and tech markets. Did not disclose transaction time in custody arrangements or settlement mechanics. Tian Ruk Shang was founded back in 2010 operating as an insurance brokerage in China. Boom shakalaka.
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I nailed it.
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I know my China providing property and casualty insurance services to his subsidiaries. The company shares rose 190% early trading following the announcement, according to Yahoo. Given it an intraday market cap of.
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Only nine and a half million, far.
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Below the implied value of the proposed bitcoin transaction.
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My question is why are Chinese companies in our nasdaq? Is that normal?
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Is this the first or is that just a regular occurrence? Let me know, I'm not a stock guy, but if the deal is completed and Tian Shuxing acquires 15000 Bitcoin, it would rank as the world's 8th largest publicly traded Bitcoin treasury company right off the rip. By comparison we had Coinbase hold 14500 while Riot Platforms Bitcoin Mining Company holds 18,000 according to data for Bitcoin treasuries.net the news follows a Friday disclosure in which Tan Rukshang said it was in advanced talk to acquire the unidentified Hong Kong based insurance brokerage focused on AI and crypto enabled wealth management. Okay, that provides some clarity. Hong Kong is not the mainland of.
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China which is all communist China.
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Obviously Hong Kong is like its own.
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Thing so that would make sense.
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So provides a little clarity for me now. Nearly 200 publicly traded companies currently hold Bitcoin on the balance sheet with combined holdings of about 1.135 million BTC. But with Bitcoin's recent pullback, several companies that built treasury positions are sitting in unrealized losses strategy which began buying Bitcoin. The first to do so back in August of 2020, reports an average acquisition price of 76,000 leaving its holdings finally underwater. When we slip below 75,000, it's still underwater. A more recent entrant, 21 Capital Co, founded by the one and only Jack Mers, launched its treasury in April, currently holds 43,500 Bitcoin, making it the third largest Bitcoin treasury. The company last disclosed an average acquisition cost of 87,000 per bitcoin. So obviously they're below water as well. And while the Bitcoin treasury companies initially drew strong attention for Wall street, their valuation struggled as the broader market has weakened.
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And here's a list of the top.
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Holders by Bitcoin holdings strategy clearly pole position was 713,000. Mara holdings number two, a mining company with 53, 000 Jack Mueller's 21 capital number three position with 43, 000. Meta Planet, the Japanese company currently with 35, 000. And then the list goes on and on riot platforms, you'll notice with 18.
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000, hut 8 partnered with the Trump family. That one has 13, 600 in the number 9 position. Strive which another big one Ram Sawani's company. Correct me if I'm wrong, but that one has 13,000. Then you got Trump Media and Technology Group with 11,000. So you see the Trump family heavily invested in bitcoin and crypto. You can see Tesla still number 13 with only 11,000. And the list goes on and on. Nakamoto being number 20.
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It'd be ironic if Nakamoto was 21. Just saying. Next up, Trump expected to sign the bill to end the partial US government shutdown. But this was 18 hours ago and allegedly he signed it. Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever find yourself playing the budgeting game? Well, with your name your price tool from Progressive, you can find options that fit your budget and potentially lower your bills. Try it@progressive.com progressive casualty insurance company and affiliates price and coverage match limited by state law. Not available in all states.
- [25:25]
D
Valentine's planning starts now. Get ahead of the game with 1-800-Flowers xoxo sale and save 20% on gifts for the ones you love. For 50 years, 1-800-Flowers has made Valentine's special by delivering millions of high quality roses with unmatched reliability. Right now, save 20% on premium bouquets, all backed by their seven day freshness guarantee. This Xoxo sale ends February 5th, so don't wait. Save 20% at 1-800-flowers.com podcast. That's 1-800-flowers comm slash podcast this morning.
- [25:56]
A
So we should be good to go. But let's dive a little deeper. The US House of Reps approved the bill on Tuesday to reopen most of the federal government. After the four day partial shutdown and a vote of 217 to 214, the chamber passed the 1.2 trillion funding package already Approved by the Senate that will fund most government operations through September 30th. The measure passed with some support from the Dems, many of whom were opposed to the provisions in the bill or over immigration enforcement policies. Trump is expected to sign the legislation and reopen the government and I got.
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Word that he did officially sign it.
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Here this morning, provided there's no changes.
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To the Senate bill.
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And while the package funds most Federal agencies through September 30, it provides the Department of Homeland Security with funding for.
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Only two weeks, forcing lawmakers to return to negotiations over Immigration and Customs Enforcement and IC and Border Patrol funding. The four day event, which only partially limited U S Government operations, fell short of the 43 day shutdown, thank God from last year Q4, which likely delayed congressional effort to pass digital asset market structure and offer legislation. The price of bitcoin rose by about 2% to 74,000amid the news of the funding bill passed in the House. The end of the shutdown would likely mean the release of the January jobs report report from the U S Bureau of Labor Statistics initially expected to make public on Friday the day after tomorrow here. The report can potentially impact U S macroeconomic policy and markets due to that unemployment data. Also last week the Senate Agriculture Committee voted along partisan lines to pass the digital asset market structure bill, expected to be one of the most significant pieces of legislation impacting crypto and banking industries. None of the amendments proposed by Democratic lawmaker lawmakers lawmakers were added to the bill.
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The Senate Banking Committee, which will handle the version of the bill dealing with the U.S. securities and Exchange Commission, postponed the markup after Coinbase CEO Brian Armstrong said he would not support the legislation as written reports have suggested. Lawmakers continue to meet and discuss the bill, but as Tuesday the markup had not been rescheduled. So yeah, Brian Armstrong, CEO of Coinbase, the largest exchange in the U.S. he was against the bill. Once he read it, he said he'd rather not sign and be a part.
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Of a bad bill.
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You know, let me know your thoughts on that. Also, we discovered through the Epstein files which we covered in yesterday's pod with the new 3 million file drop, that ironic enough, Epstein did help fund the early seed round of the exchange Coinbase through Brock Pierce.
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There's strong connections of Brock Pierce and.
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Jeffrey Epstein, you know, just kind of crazy. But yeah, a lot of very interesting things have come to surface, you know. Now for our feature story of the.
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Day, State Bitcoin reserves Understanding the Bitcoin emerging role in sovereign treasury strategy. We're going to do a deep dive here. The concept of the State Bitcoin reserves has emerged as a topic of growing interest in the international financial policy community as there's a reevaluation of the way countries choose to hold value, manage reserves and mitigate economic uncertainty over the long haul. And although Bitcoin has not yet considered a widely accepted formal sovereign reserve asset, it is being actively researched by the governments around the world for its properties, risks, potential use, combination with more traditional reserve assets such as gold, foreign currencies and sovereign securities. This topic has been influenced by a number of the real world events and policy considerations considering some countries already hold Bitcoin reserves due to their seizures by law enforcement. You know the United States already has the the Bitcoin strategic reserve. As long as it's a net neutral way of acquiring it, they could hold on to the Bitcoin and they allegedly will not offload and sell it like the country of Germany did. The natural Naturally we also have countries like Bitcoin country the first one to make Bitcoin legal tender shout out President.
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B. Bukele but what are State Bitcoin reserves? Let's discuss this State Bitcoin reserves are the Bitcoin reserves maintained by the state or sovereign government through their official agencies such as the central bank, finance ministry or law enforcement agency.
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These reserves can be maintained for various.
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Purposes do not necessarily come constitute a deliberate reserve policy. So generally State Bitcoin reserves can be classified into the following two categories. Number one Operational or incidental reserves such as Bitcoin seized during criminal investigations or asset forfeiture or number two Strategic or policy driven reserves where Bitcoin is deliberately accumulated or maintained as part of the state's financial or economic strategy. But only the second category can be.
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Considered a true Bitcoin reserve in the.
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Sovereign state treasury context.
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Most states are still in the former.
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Category, which indicates a state of cautiousness.
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And reactivity rather than a deliberate change in reserve policy.
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Traditional Sovereign Reserves A brief background these are typical reserve assets Gold which we would all identify as that we also have foreign exchange, US Dollar, Euro, Japanese Yen etc Sovereign bonds bonds IMF Special.
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Drawing rights these assets are utilized for.
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Stabilizing local currencies, meeting international payment obligations.
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Injecting liquidity during periods of economic stress and maintaining confidence in a country's financial system. Why Bitcoin has entered the sovereign reserve discussions well fixed supply 21 million for the first time we have perfect money. Hence Bitcoin God hacking humanity. They just can't print more or change the code. And that's a beautiful thing, you know.
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So yeah, scarcity, monetary design also reserve.
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Diversification, financial sovereignty and geopolitical risk. The global reality. Who actually owns Bitcoin? Today there are several governments that currently possess substantial bitty holdings. Kingdom of Bhutan comes to mind of course what we referenced earlier with El Salvador and uh, we can't forget about the United states allegedly holding over 300000 Bitcoin at this time as well China and here are some countries listed us, uk, China, Finland and the Ukraine. Bhutan state supported bitcoin mining via the hydro power the kingdom Bhutan represents distinct less publicized model and it's a small country by the way of sovereign Bitcoin exposure. Rather than acquiring Bitcoin through market purchases or seizures, Bhutan had reportedly engaged in states supported Bitcoin mining for several years leveraging its abundant hydropower resources. Then naturally we have El Salvador. The special case of sovereign Bitcoin acquisition. They're got the first movers advantage. El Salvador bitcoin country the only nation which has officially acknowledged and confirmed direct acquisition of Bitcoin using national funds as part of the economic policy and although its policy has generated international debate and scrutiny, has also proven that sovereign Bitcoin acquisition and holding is possible within the current financial infrastructure. A great example of how it's done.
- [33:11]
A
Also exploratory discussions Pakistan there's been a lot of rumors Pakistan quietly stacking Bitcoin as per cz, the Binance CEO. So yeah, outside of El Salvador has been a number of other nations which have held exploratory discussions regarding the use of the biddy of their national finance system. From the Latin American nation to the South Asian nations, there's been a number of number of different exploratory discussions that have taken place. So in Pakistan for instance, there have been a number of public statements and discussions that have indicated a level of interest in digital assets, blockchain infrastructure and the economic opportunity that are associated with new financial tech. A strategic planning and Long term frameworks Understanding the 3-20-26 strategic Bitcoin reserve Concept Citations to projects like I just referenced should be interpreted within the context of strategic planning hypothetical framework for the future planning these conceptual models are generally employed and strategic planning studies to examine the diversification strategies for the long term investors, risk management and stress testing models and governance, security and institutional preparedness. But how governments could acquire Bitcoin if governments were to deliberately set up a Bitcoin reserve, strategies for acquisition would likely be assessed through a prism of transparency, financial prudence and accountability. And according to the bill, within The United States. In the executive order which was pushed by Cynthia Lummis, they propose purchasing 1 million Bitcoin over the course of five years, which is approximately an acquisition of.
- [34:47]
C
Another 200,000 being added to the balance.
- [34:50]
A
Sheet for the USA. The key net neutral, meaning they don't purchase it, but they can acquire it. Whether they seize it from criminals, drug traffickers, anti. They should just seize it from Epstein's.
- [35:02]
C
Clients who apparently, you know, love the bitcoin. Interesting.
- [35:06]
A
One of the most intricate issues in state held bitcoin obviously is custody. Who do we trust? Sovereign custody is the capacity of a state to secure, store and control bitcoin without depending. Now here's the deal and what comes to my mind with custody. The problem, especially with the Bitcoin ETFs is all the Bitcoin goes in one honey pot. And then if you have a corrupt.
- [35:28]
C
Government controlled by Epstein's clients, they can.
- [35:31]
A
Easily confiscate all the bitcoin from the honey pot.
- [35:33]
C
That honey pot right now obviously Coinbase.
- [35:37]
A
Prime, the custody arm, because they hold.
- [35:41]
C
Bitcoin for BlackRock, the largest Bitcoin holder in the world. Even more than strategy.
- [35:47]
A
And strategy.
- [35:48]
C
And if you combine BlackRock's Bitcoin supply from iBit, their ETF, along with Sailors 700000 through strategy, collectively probably close to.
- [35:59]
A
2 million Bitcoin in which the government can seize effortlessly. All they need is a letter that says something like this is a national security threat. We're seizing all the bitcoin in the name of national security to protect Epstein's victims.
- [36:14]
C
Just giving you some there, but who knows? Don't put it past them. And then they effortlessly steal all your bitcoin, you know.
- [36:22]
A
But the only bitcoin which cannot be stolen is properly self custodied bitcoin. That's why you got to note that the bitcoin etap BTC is not equal to the actual physical Bitcoin.
- [36:36]
C
But jv, it's digital. I get it, but you know what I'm saying?
- [36:40]
A
Not your keys. Nacho cheese. And we just discovered in Italy they got. They're using che Parmesan cheese as a store of value. If we can use Parmesan cheese.
- [36:51]
C
I'm not making this up as a store value. Come on now. Bitcoin should already be 10 million a coin. It's the ultimate store value.
- [36:59]
A
Unlike cheese, the mice can't eat it.
- [37:03]
C
And I'm not making that up by the way. There's literally Parmesan cheese being used as.
- [37:07]
A
A store value for the Banks in Italy, you know.
- [37:11]
C
Well, superior to the Fiat, I'll give them that.
- [37:14]
A
But no, I never messed up with the Luigi board. It's messing with the soul. Calling her out like the Peewee Herman.
- [37:21]
C
It's funny.
- [37:22]
A
Another Mecca. Mecca Mecha Mighty hoe.
- [37:24]
C
No money.
- [37:24]
A
What up Peep? Shout out capital caps of the caps of the capitals.
- [37:28]
C
Are we talking Peewee Herman? I want to talk to Samson. But anyways, fam.
- [37:32]
A
Welcome to the Q A segment of the live stream. Let me know your thoughts. Do you think there's just like we had a gold Seizure act in 1933.
- [37:40]
C
Do you think the forces of evil.
- [37:42]
A
Have a diabolical plan to confiscate all.
- [37:45]
C
The bitcoin they possibly can, you know, and leave you with their worthless central bank digital currency, better known as a cbdc.
- [37:53]
A
Or maybe it's just a stable coin.
- [37:55]
C
Which serves the same purpose as a cbdc. Let me know your thoughts and I'm.
- [38:00]
A
Going to show you the proof of.
- [38:01]
C
Work with the chase. Start stacking the Parmesan. Check this out. Nacho keys. Nacho cheese. I'm gonna read it to you. The 200 million dollar bank is backed by Parmesan cheese and is lending people money for cheese in northern Italy. Credito Emiliano treats cheese like gold. The bank currently holds 430000 wheels of Parmesan worth 200 million real Parmesan takes two to three years to get ready. This leaves the farmers with millions of dollars in premature products they can't sell which still needing to pay for the cows, the bills, the workers. So by using the young cheese as security for a loan, the farmers get cash immediately. The bank provides up to 80% of the value up front. So these businesses stay running while the loan is active. The cheese stays in high tech vaults where the experts look after it. If a farmer can't pay, the bank simply sells the H cheese for the profit.
- [38:54]
A
And don't forget to check out bitcoin news alerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.
- [39:17]
E
Marketing is hard, but I'll tell you a little secret. It doesn't have to be. Let me point something out. You're listening to a podcast right now and it's great. You love the host. You seek it out and download it. You listen to it while driving, working out, cooking, even going to the bathroom. Podcasts are a pretty close companion. And this is a podcast ad. Did I get your attention? You can reach great listeners like yourself with podcast advertising from Libsyn Ads. Choose from hundreds of top podcasts offering host endorsements or run a pre produced ad like this one across thousands of shows. To reach your target audience in their favorite podcasts with Libsyn Ads, go to Libsyn ads.com that's L I B S Y N ads.com today.