The Indicator from Planet Money What's this about a crypto reserve?
10 snips
Mar 20, 2025 President Trump's recent executive order aims to create a strategic Bitcoin reserve, stirring excitement and debate in the crypto world. The government’s growing cryptocurrency holdings reflect a surprising shift in attitude, likening officials to 'Bitcoin bros.' The podcast delves into the ethical and financial ramifications of a centralized crypto reserve, questioning who truly stands to benefit. The discussion also touches on the broader role of crypto in traditional finance and the use of stablecoins as a potential safety net against market turmoil.
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Past Bitcoin Sale
- The government sold 500 seized Bitcoin in 2018 for about $5 million.
- If held, those coins would be worth over $40 million at recording time.
Bitcoin Supply Limit
- Bitcoin's supply is limited to 21 million coins.
- This limit creates selling challenges for large holders like the government.
Government Selling Bitcoin
- Small Bitcoin holders can easily sell without impacting the price.
- Government selling large amounts could cause market turmoil.
