Simply Bitcoin Bessent EXPOSED China & Russias Secret Bitcoin Plan! | EP 1220
Apr 10, 2025
The podcast dives into how China and Russia are strategically using Bitcoin in global trade, hinting at a potential monetary reset. It highlights Bitcoin's rising role amid geopolitical tensions and discusses the U.S. as a potential Bitcoin superpower. The conversation shifts to the significance of secure custody solutions, especially with BlackRock's recent move away from centralized storage. Optimism for Bitcoin's future emerges through regulatory advancements, while the risks of centralized custody and the power struggle between Trump and the Fed add intriguing layers to the discussion.
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China & Russia's Bitcoin Strategy
- Scott Bessent revealed that China and Russia are using Bitcoin for global trade as part of a potential grand global economic reordering.
- This reflects growing mistrust in traditional financial systems due to capital controls and economic recessions.
Bitcoin as Neutral Monetary Tool
- The VanEck report shows Bitcoin evolving into a neutral settlement layer for countries avoiding the US dollar system.
- Bitcoin is transitioning from speculative asset to functional monetary tool in geopolitical trade shifts.
Bitcoin Wins Global Trade War
- Bitcoin is becoming the go-to store of value amidst global trade wars and tariffs.
- Permissionless, censorship-resistant nature of Bitcoin makes it key in bypassing sanctions and financial weaponization.