BREAKING: We FINALLY Know What's Happening with the Strategic Bitcoin Reserve | EP 1574

**SPEAKER_1** (0:01)
Bitcoin is ripping through $72,000 today, and Donald Trump might have revealed why.
We know America allegedly holds about 329,000 coins in their Strategic Bitcoin Reserve, but judging by what Donald Trump said yesterday in this clip, America sounds like they're actually entertaining the idea of buying way more Bitcoin for those Strategic Bitcoin Reserves. Let's watch the clip, and we will chat about it.

**SPEAKER_2** (0:33)
I established the United States Strategic Bitcoin Reserve, making Bitcoin a permanent asset of the United States Treasury, which has turned out incredibly well. That's exactly what it's done. It's been amazing.
Under the Crooked Joe Biden administration, the spirit of innovation that built America was under serious attack, like never before. And nowhere was that more true than crypto and other new financial technologies, where we were going to be taken to the cleaners by China and other countries. The radical left tried to crush these developments with crippling regulations, brutal restrictions, weaponization. They used weaponization, political weaponization, and constant targeting that drove innovation overseas. And they wanted to drive it out. We terminated the so-called Operation Choke Point 2.0, which is what the name of their operation was, weaponization. And we ended the war on crypto once and for all. And it's been booming. It's been doing big. And nobody's been able to break in. China would like to break in. They're still trying. But they have been able to. I signed a historic executive order banning any attempt to create a central bank digital currency.
We launched Project Crypto to modernize rules so that our financial markets can move into blockchain technology.

**Nico Moran** (1:55)
Does the administration have any plans to accumulate sizable amounts of Bitcoin or other crypto?

**SPEAKER_2** (2:00)
Well, it's been talked about. I think I'd probably rely on Paul and the whole group for that. He'll make a decision. You guys will make a decision. And you'll let me know. But certainly it's been talked about.
It's taken a lot of pressure off the dollar. It's been very, very good for the dollar. And I think if you came in with recommendations, two of you, if you came in with some recommendations, I would certainly listen. It seems to be a pretty big subject.

**SPEAKER_1** (2:27)
I got a whole, I got a fact out of here. Niko's here and of course, our bro, Adam O'Brien from Bitcoin.

**Adam O'Brien** (2:33)
Well, with the air horn already, we got the air horns.

**SPEAKER_1** (2:37)
We got the air horns.

**Adam O'Brien** (2:39)
Look, did you guys see Brian Armstrong just standing there like Mark Zuckerberg style on the on the? Yeah. Yeah.

**SPEAKER_1** (2:46)
Did you catch his off topic? Well, we'll talk about the clip that Donald Trump, but did you guys catch his speech about the, like at the press conference? There was a funny moment where Adam, Adam, sorry, Brian Armstrong was, I forget what he said, but he's like, yeah, we have like really, you know, I think, I think the Clarity Act is going to pass and there's really strong support. And Trump's like, no, there's bipartisan support for it. And he's like, yes, yes, yes, yes, it's true. It's true, there's bipartisan support for it.
Anyway, so guys, if you aren't familiar, we were talking about this yesterday. There was a closed door meeting at the White House yesterday with quote unquote crypto execs. And to be clear, like we were just talking about, it was Brian Armstrong, Brad Garlichouse, I mean, Garlinghouse from Ripple, and then the Gemini twins, and then there was a couple of the prediction market CEOs there, oh, Kraken was there.

**Nico Moran** (3:42)
And I think the guy from Robinhood as well, but the-

**SPEAKER_1** (3:45)
Yeah, yeah, I guess not prediction market.

**Nico Moran** (3:47)
It was so funny because when Trump was doing the speech, you can literally tell the people that were surrounding him were trying so hard not to laugh. Like the Winklevi, you can do a close up on me, the Winklevi guy was like, and then the guy next to him was like, literally about to fucking crack up laughing, bro.
Trump's a natural comedian, you gotta give him credit for that. But he hasn't kept one campaign promise that we care about.

**SPEAKER_2** (4:15)
The only one that matters. As Bitcoiners.

**Nico Moran** (4:18)
And the number hasn't gone up during his administration, so he should do more of these press conferences, bro, because it pumped the price from the depths of hell.

**SPEAKER_1** (4:26)
It wasn't because of the...

**Nico Moran** (4:28)
It pumped the price 10 days.

**SPEAKER_1** (4:29)
No, it didn't.

**SPEAKER_2** (4:30)
It totally did.

**SPEAKER_1** (4:32)
No, it didn't. The price did not pump because of the crypto summit thing. It pumped because of what Scott Besson said about the treasury markets.