Are Governments Buying Bitcoin for Reserves?

Bitcoin demand is exploding as governments explore adding up to $75 billion in crypto reserves, signaling a new phase of global adoption. Meanwhile, JPMorgan predicts Bitcoin could reach $165,000, driven by the ongoing “debasement trade” as investors flee weakening fiat currencies. The U.S. government shutdown is freezing progress on crypto ETF approvals, but institutional momentum shows no signs of slowing. At the same time, Ethereum developers are doubling down on privacy innovation, reshaping the network’s future after the Tornado Cash era. In today’s show, we break down how governments, banks, and builders are all pushing crypto into its next major supercycle.