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Should the U.S. build a national strategic bitcoin reserve?

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Manage episode 459805611 series 3516333
Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, we sit down with George Selgin, Director Emeritus at the Cato Institute’s Center for Monetary and Financial Alternatives, to explore his views on money, markets, and bitcoin’s role in the global economy. George shares his journey from studying marine biology to becoming a leading voice in monetary economics and discusses how definitions of money have evolved. We examine bitcoin’s classification as a synthetic commodity, its potential as a store of value, and whether it could ever replace the US dollar. George also analyzes the proposed bitcoin strategic reserve, highlighting its costs, risks, and implications for government debt.

SUPPORT THE PODCAST:

→ Subscribe

→ Leave a review

→ Share the show with your friends and family

→ Send us an email [email protected]

→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Buy bitcoin in an IRA—sign up today and get your first year free: unchained.com/frontier

TIMESTAMPS:

00:00:00 - Intro

00:01:11 - Introducing George Selgin's background and career

00:07:42 - Moving from Hong Kong to the University of Georgia

00:09:50 - Defining money and its role in economics

00:12:12 - Explaining why bitcoin doesn’t meet the definition of money

00:13:31 - Defining the dollar and its place in the economy

00:15:52 - Understanding gold’s history and modern role

00:19:11 - Analyzing bitcoin as a synthetic commodity

00:21:51 - Evaluating bitcoin as a store of value vs. medium of exchange

00:24:52 - Discussing bitcoin’s long-term price potential

00:29:21 - Examining markets, prices, and bitcoin’s future

00:36:13 - Questioning if the US dollar could be replaced

00:42:36 - Evaluating the bitcoin strategic reserve proposal

00:49:11 - Breaking down the costs and risks of a bitcoin reserve

00:55:00 - Closing thoughts and where to follow George Selgin

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

→ Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom

→ Unchained Newsletter: https://unchained.com/newsletter

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

→ George Selgin’s Twitter: https://x.com/GeorgeSelgin

  continue reading

90 episodes

Artwork
iconShare
 
Manage episode 459805611 series 3516333
Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, we sit down with George Selgin, Director Emeritus at the Cato Institute’s Center for Monetary and Financial Alternatives, to explore his views on money, markets, and bitcoin’s role in the global economy. George shares his journey from studying marine biology to becoming a leading voice in monetary economics and discusses how definitions of money have evolved. We examine bitcoin’s classification as a synthetic commodity, its potential as a store of value, and whether it could ever replace the US dollar. George also analyzes the proposed bitcoin strategic reserve, highlighting its costs, risks, and implications for government debt.

SUPPORT THE PODCAST:

→ Subscribe

→ Leave a review

→ Share the show with your friends and family

→ Send us an email [email protected]

→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Buy bitcoin in an IRA—sign up today and get your first year free: unchained.com/frontier

TIMESTAMPS:

00:00:00 - Intro

00:01:11 - Introducing George Selgin's background and career

00:07:42 - Moving from Hong Kong to the University of Georgia

00:09:50 - Defining money and its role in economics

00:12:12 - Explaining why bitcoin doesn’t meet the definition of money

00:13:31 - Defining the dollar and its place in the economy

00:15:52 - Understanding gold’s history and modern role

00:19:11 - Analyzing bitcoin as a synthetic commodity

00:21:51 - Evaluating bitcoin as a store of value vs. medium of exchange

00:24:52 - Discussing bitcoin’s long-term price potential

00:29:21 - Examining markets, prices, and bitcoin’s future

00:36:13 - Questioning if the US dollar could be replaced

00:42:36 - Evaluating the bitcoin strategic reserve proposal

00:49:11 - Breaking down the costs and risks of a bitcoin reserve

00:55:00 - Closing thoughts and where to follow George Selgin

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

→ Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom

→ Unchained Newsletter: https://unchained.com/newsletter

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

→ George Selgin’s Twitter: https://x.com/GeorgeSelgin

  continue reading

90 episodes

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