Trump vs Utah: The First To Buy Bitcoin | Dennis Porter
Episode publishedPodcast: Bell CurveBell Curve
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Hey, everyone. This episode is from BlockWorks' latest podcast, Supply Shock, hosted by the Bitcoin historian, Pete Rizzo. This week, he was joined by Dennis Porter of Satoshi Action Fund to discuss Trump's crypto reserve announcement and the legislative goals of the Trump administration. Enjoy. There's
a very clear difference between Bitcoin and a lot of these other coins out there, and we gotta make sure that Bitcoin is in the strategic reserve. And we have to show not just politicians, like I said, but also these crypto lobbyists and crypto companies why it is so critical that Bitcoin be the cornerstone of this reserve.
Hey, everyone. Quick shout out to today's sponsor, Namada. Namada is currently entering phase three of their mainnet rollout, so make sure you check it out by following the link in today's show notes. We'll talk more about Namada later today, but for now, let's get started. Hey, everyone. Quick disclaimer before we get into today's episode. Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and the views expressed by anyone on the show are solely our opinions, not financial advice. Our guest and I may hold positi
The United States could buy over $20,000,000,000 in Bitcoin at least if this man has his say. Welcome to Supply Shock. I'm your host, Pete Rizzo, the Bitcoin historian on x. Our guest here today is president and cofounder of Satoshi Action Fund, Dennis Porter. You know him for his big breaking news deliveries on x. He's also a key figure behind the over 30 states that have filed for their own strategic Bitcoin reserves. That's right. US states buying Bitcoin. Of course, six efforts so far have failed. We'll dig into all the specifics. But first, wanna talk about the news of the moment. Donald
it does. But before we get dubbed too far into the Trump conversation, I gotta say, man, you got right away, you're gonna bring up the six bills that have failed. I mean, aren't you supposed to be on team bit Bitcoin? And this just feels like I'm already, fat that's a fake news hostel, you know, media source over here. Right? Playing out the facts. Supply shock is, like, clearly taking a side, in this debate. So we'll be glad to know where you stand on the side of history, though, Rizzo. That's good. That's good to know. So, yeah. Excited about the announcements. You know, as a Bitcoiner, I ce
part question follow-up. I think you answered a little bit, but wanna nail it down just to get your thoughts. So is this strategic digital asset reserve happening %? And is Bitcoin guaranteed to be included? Sounds like you think no. I
don't think either of those things are a %. Certainly, I think there's a very high chance if it does happen that Bitcoin will be in there. But, again, it was an afterthought. It was the second tweet. It was like a follow-up conversation. So we really need to be thinking taking that very seriously and recognizing that, you know, a lot of Bitcoiners are like, Bitcoin should be the only thing in this reserve. Nothing else should be in it. I think you should be more worried about whether Bitcoin will be in it at all. So these conversations need to be had. We need to be talking to lawmakers on both
Let's talk about the reaction, and sort of the, you know, bipartisan nature of it. It does seem like many CEOs at this point have come out and said they think that it should be Bitcoin or nothing. You know, Brian Armstrong, CEO of Coinbase, coming out saying that. Cameron Mokkelvass, cofounder of Gemini, effectively saying the same th
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