Bitcoin as a US Strategic Reserve Asset? - WiM Weekly
A weekly rundown of new WiM podcast releases and some food for thought
“No one knows what Trump is going to say, except for Trump himself. However, we’re really optimistic that it’s going to be a positive message that he delivers to the Bitcoin community. And in fact, we think it’s going to be a historic message.” — BTC Inc. Chief of Staff, Brandon Green.
Donald Trump, who once referred to Bitcoin as “a scam against the US dollar,” now headlines the largest Bitcoin conference in the world. Ahead of Trump’s keynote speech on Saturday, Wyoming Senator Cynthia Lummis is set to announce a new bill that would add Bitcoin as a strategic reserve asset during a speech of her own. An endorsement from Trump would lend significant weight to Lummis’ proposal and could lead other countries to introduce similar legislation.
Following El Salvador’s lead, the Kingdom of Bhutan, Russia, the United Arab Emirates, Oman, and most recently Ethiopia have officially ventured into BTC mining at the nation-state level.
“Software is eating the world” as Mark Andreessen seemingly prophesied in 2011. The State and central banks are no exception to this rule.
In a most basic sense, nation-states are compulsory, territorial monopolies equipped with the power to impose taxation (property extractions) on taxpayers to fund the protection of taxpayer life, liberty, and property. The nation-state is a self-contradictory enterprise: a property “protection service” that funds itself by violating the property of its “customers.”
Bitcoin is coercion-proof money. When no one can make an exception to the ledger of property through inflation, the sovereignty of every individual is maximized. As a wealth strategy, statism is neutered when property can no longer be violated. Bitcoin makes this ancient idea of “inviolable property”—originally ratified by King John in the 1215 Magna Carta—something more than scribbles on government constitutional documents. Inviolable property is unshakable civilizational bedrock, and Bitcoin—the world’s only incorruptible money—is its strongest implementation.
This Week:
WiM496 with Chad and Jill Parks & the Bitcoin Family
“[Bitcoin] doesn’t affect everyone the same way, but it seems to give us a purpose. I think it does that for a lot of people. It moves you back towards good principles. What are we doing here? What’s the purpose of life? I can’t think of anything more meaningful than having a family. — Chad Parks
Link to full episode: Raising a Family on a Bitcoin Standard with Chad and Jill Parks & the Bitcoin Family (WiM496)
TAoA1 with Peter Bartesch
“That’s why we evangelize Bitcoin … We want you to get on the ark that is protecting you from the flood of inflation and money printing. It’s for your best interest. [If we all adopt it] individually, the fiat ponzi scheme is over.” — Peter Bartesch
Link to full episode: The Art of Alpha with Peter Bartesch (TAoA1)
WiM497 with Brian and Kelly Estes (“God Bless Bitcoin”)
“We wanted to make a movie that explored the moral and ethical reasons to be on a sound monetary system. So the best place to look for direction on ethics and morals would be the sacred texts. That leads you directly to God and his Word. [The title, “God Bless Bitcoin,”] is almost like a prayer. It’s saying to God, can you bless this new form of money that would allow all of your people to interact with each other in an honest way where we are rewarded for the fruits of our labor and our time without anybody stealing from us?” — Kelly Estes
Watch the full “God Bless Bitcoin” documentary here: God Bless Bitcoin | Full Movie
The full episode with Brian Estes will go live today (7/26/24) at 3:00pm EST.
We’ve relaunched the Clips Channel! Subscribe for highlights from episodes and other exclusive content:
Upcoming Episodes:
7/29 with Jeff Smith
Jeff Smith the co-Founder of Colorado Craft Beef.
7/31 with Jon Chenot
Jon Chenot is the founder of Citadel Theory and Host of The Bitcoin Path Podcast.
8/2 with Scott Melker
Scott Melker is the author of the “Wolf Den Newsletter” and host of "The Wolf Of All Streets Podcast."
Events on the Horizon:
Bitcoin 2024: The World’s Largest Bitcoin Conference (use discount code BREEDLOVE): https://b.tc/conference
Pacific Bitcoin 2024: https://www.pacificbitcoin.com/
Sponsors:
In Wolf's Clothing: https://wolfnyc.com/
The Farm at Okefenokee (mention BREEDLOVE for $21,000 off a custom cabin):
Heart and Soil Supplements (discount code BREEDLOVE): https://heartandsoil.co/
Swan Bitcoin: https://www.swanbitcoin.com/breedlove22/
Products I Endorse:
EFANI: Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedlove
Noble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/
The Bitcoin Advisor: https://content.thebitcoinadviser.com/breedlove
Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22