

Crypto Week, CBDC Drama, $120k BTC: Institutional Adoption Tailwinds | Bitcoin Policy Hour Ep. 12
Jul 17, 2025
In this engaging discussion, David Zell, Co-president of the Bitcoin Policy Institute and expert on Bitcoin and DC politics, shares insights on recent legislative developments in crypto, including the Genius Act and anti-CBDC efforts. He highlights the surge of institutional investment and explains how political narratives are shaping Bitcoin's legitimacy. Additionally, they dive into the implications of the Tornado Cash trial for open-source development, raising crucial questions about privacy rights in the evolving crypto landscape.
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Institutional Buyers Drive Bitcoin Surge
- Bitcoin's recent price run is driven more by institutional investors than retail buyers.
- Large money managers shift allocations based on broad theses, ignoring short-term price levels.
Policy Shapes Institutional Interest
- Friendly administration shifts narrative, leading institutions to allocate more to Bitcoin.
- Policy details matter less than the overall pro-Bitcoin political environment for investors.
Crypto Industry's Political Influence
- Massive crypto election spending elevated the importance of crypto policy in DC.
- Political support is necessary but not sufficient to convert policy interest into actual legislation.