Texas & Bitcoin: The State Race to Digital Scarcity

Texas is making waves in the Bitcoin space with a new bill proposing a state-controlled Bitcoin reserve, allowing the comptroller to invest up to $250 million from the Economic Stabilization Fund and permitting municipalities to allocate up to $10 million in Bitcoin. The discussion touches on broader themes of Bitcoin adoption, state-level policy shifts, and America’s evolving stance on digital assets. The conversation also features insights from Senator Cynthia Lummis and Michael Saylor, emphasizing Bitcoin’s strategic importance and the global race to accumulate it before supply constraints kick in. Meanwhile, Canada faces mounting pressure to redirect pension investments domestically due to tariffs, underscoring the geopolitical implications of financial policy decisions. The episode rounds out with self-custody best practices, mining updates, and a reminder to stay focused on long-term Bitcoin fundamentals.

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Chapters:
00:00:00 - Texas Bitcoin Bill Overview
00:02:11 - Understanding the Role of the Comptroller
00:03:17 - Live Updates from the BPI Bitcoin America Policy Meeting
00:05:39 - Cynthia Lummis on Bitcoin's Importance
00:07:07 - Senator Lummis' Bitcoin Act and Strategic Reserve
00:09:10 - Michael Saylor's Perspective on Bitcoin Investment
00:10:58 - Investment Principles: Holding vs. Trading Bitcoin
00:12:01 - Proof of Workforce Update: Sunnyvale's Adoption of Bitcoin
00:13:26 - Canadian Pension Investment Pressures
00:15:56 - Self-Custody Tips for Bitcoin Holders
00:17:54 - Closing Thoughts and Market Reflections


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