Dr. Andrew Bailey returns to the podcast to talk about Bitcoin, or rather, the Bitcoin Strategic Reserve. Amidst the flurry of President Trump’s executive orders was one that was celebrated by many in the cryptocurrency world, but generally raised, at best, ambivalent eyebrows in the broader policy world: the creation of 1) a Bitcoin Strategic Reserve (BSR) and 2) a cryptocurrency stockpile.
On the surface, this seemed to be a major step forward in mainstreaming cryptocurrency, and Bitcoin in particular, while also fulfilling a Trump campaign promise. But how was such a strategic reserve going to work? How would American governments utilize it? Is it just a holding pen for cryptocurrencies, or is there more to it than that?
In this discussion, Andrew walks us through the whats, whys, and hows of the BSR. We talk about the executive order that established the BSR as well as ongoing legislative efforts to make the BSR a permanent feature of American strategic planning.
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