How Texas Got Bipartisan Support to Buy $10 Million Worth of Bitcoin - Ep. 859
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couple years ago, we did a survey of Texas likely voters, and it was a pretty large survey through a a third party surveying firm. And we found pretty equal support amongst various political parties, Republicans, Democrats, and Independents. Now where there was a huge divergence was demographically from from the age perspective. About half of Texans under the 30 own some sort of digital asset, which is way above the national average. Well, above the national average for for any age, but only around six percent of Texans over the age 70 do. So that's where you get Texas is probably close to the
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Shin. Every episode, we feature listener comments and reviews of the show. Here's a comment on Apple Podcast from fewer to Foos who wrote Unchained, the chopping block and bits and bits are a wonderful trifecta of signal in a noisy crowded space. Thank you for having the timeliest guests and most relevant conversations about crypto for folks in the industry on the Internet. To have your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube, Fa
Laura. Thanks for having me on. So
this week was a big week for the state of Texas. The governor signed into law a bill for Texas to establish a strategic Bitcoin reserve, and you are one of the originators of the idea for this to happen. So why don't you go ahead and tell us a tale how it went from inception to fruition?
Yeah. It's been a long time coming. The idea started years ago just with conversations with various people. Chairman Giovanni Capriglione is is a house chairman, of the Doge the newly formed Doge Committee in the Texas House of Representatives. Before that, he was the chairman of the financial services committee, and we've worked with him for a long time. And, there's also a lot of Texas Bitcoiners that had asked me and we had conversations with me about how do we get Bitcoin on the balance sheet of the state. And, initially, we thought that we were gonna have to form a charitable trust and ge
what year was that?
That was that those ideas were probably conceptualized in 2022, and we started to get some legal work done around creating that trust, the entity formation done. But, thankfully, we never, raised any Bitcoin because, chairman came to me maybe a year ago or nine months ago probably, and we were actually having a conversation on stage at the at our summit, the North American Blockchain Summit. I said, mister chairman, do you think that, a strategic Bitcoin reserve is ever in the cards for Texas? And, he said, you know, I think the political winds are changing, and I think now is the time to atte
so why do you think there was such strong support, coming into this, legislative session?
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