Simply Bitcoin FORGET COINBASE: The REAL 200,000 Bitcoin LIE is INSIDE The White House... | EP 1221
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Apr 11, 2025 The discussion dives into whether the U.S. actually holds 200,000 Bitcoin, with a focus on government transparency around its assets. It explores the implications of Bitcoin on fiscal management and national debt, contrasting the U.S. with El Salvador’s approach. The conversation highlights new IRS tax rules impacting crypto and Bitcoin's potential to counter economic instability. Innovations like the UTX Oracle for on-chain pricing are also discussed, advocating for decentralized solutions in the Bitcoin ecosystem.
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Bitcoin Transparency Concerns
- The U.S. government's Bitcoin holdings are unclear, unlike El Salvador's transparent reserve.
- This lack of transparency raises concerns about potential mismanagement and conflicts of interest.
Senator Lummis's Suspicion
- Senator Lummis suspects the Biden administration sold Bitcoin before Trump took office.
- This speculation arises from delayed reporting of government Bitcoin holdings.
Institutional Bitcoin Custody
- Large institutions struggle to hold Bitcoin securely due to key management challenges.
- This difficulty is a feature of Bitcoin, not a bug, favoring individual ownership.