Is It a Good Idea for the US Government to Stockpile Bitcoin? - Ep. 683

In this episode, George Selgin, senior fellow at the Cato Institute, discusses the recent proposals by Donald Trump, Robert F. Kennedy Jr., and Senator Cynthia Lummis for the U.S. government to establish a strategic bitcoin reserve. George provides his insights into the differences between these proposals, their potential implications, and why he believes the government should not be investing in bitcoin or other assets.
Show highlights:

00:00 Intro

01:16 How the Bitcoin proposals by Trump, RFK Jr., and Lummis differ

04:08 Why George believes that Trump’s proposal to not sell the government’s bitcoin is just symbolic 

07:36 What the purpose of acquiring BTC is in the Lummis and RFK proposals

11:29 Whether the government should even be investing in bitcoin or other assets

18:53 How would the government buy BTC as per the Lummis bill

25:08 How likely is it that the bill passes through Congress

27:40 Crypto News Recap

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Guest

George Selgin, Senior Fellow and Director Emeritus of the Cato Institute's Center for Monetary and Financial Alternatives
Links

Trump’s proposal:

Unchained: 

At Bitcoin Conference, Trump Promises to Fire SEC Chair Gary Gensler If He Wins

Trump Has Made Promises to Crypto Voters. If He’s Elected, What Could He Actually Do?

Lummis proposal: 

Unchained: A Bitcoin Strategic Reserve for the U.S.? Senator Cynthia Lummis Reveals Her Bill 


Decrypt: There’s a Problem With Senator Lummis’ Bitcoin Reserve Plan, Cato Institute Expert Says 


Lummis Introduces Strategic Bitcoin Reserve Legislation

RFK. Jr proposal: 

RFK Jr. Proposes 550 Daily Bitcoin Purchase Plan for U.S. Economy | Kennedy24


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