This week we have a special guest, Jeremy Tan, the independent candidate for Mountbatten SMC who garnered a surprising 36% of the vote in Singapore's general election by centering his campaign on, among other things, Bitcoin adoption. Jeremy discusses his motivations for bringing Bitcoin into the political arena, highlighting the need for Singapore to consider it as a hedge against US dollar instability, and addresses the Monetary Authority of Singapore's (MAS) cautious stance on crypto, suggesting a disconnect between the official narrative and behind-the-scenes activity.

A key focus is Tan's proposal for a Singapore Dollar-denominated Bitcoin ETF (BITS ETF) and its potential to act as a "liquidity sponge" for family offices and provide Singaporeans with a new avenue for retirement savings, moving away from the reliance on property as the primary asset. He also advocates for the inclusion of Bitcoin in Singapore's official foreign reserves, arguing that "Gold is an inferior reserve commodity to Bitcoin. We need to embrace the future or risk getting left behind."

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