We consider the incongruency of a U.S. Strategic Bitcoin Reserve, the latest crypto exchange hack, and how most participants lost money on the Trump meme coin. Given all that, we review some areas where cryptocurrency is helping individuals and businesses.
Topics Covered
- What is the U.S. Strategic Petroleum Reserve
- Why it makes little sense for the U.S. and individual states to create and participate in a Strategic Bitcoin Reserve
- What led to the latest and largest cryptocurrency exchange hack in history
- How financial and other data breaches impacted over 1 billion people last year, costing over $15 billion
- How quantum computers could disrupt the security of cryptocurrency and traditional financial systems
- Why most speculators lose money on meme coins
- What are some current ways cryptocurrency is helping individuals and businesses achieve greater financial stability and lower costs
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Show Notes
All Information (Except Text) for S.4912 - BITCOIN Act of 2024—Congress.gov
House Bill No. 4087—Michigan Legislature
2025 South Dakota Legislature House Bill 1202—South Dakota Legislature
State of Arizona Senate SB 1025—Arizona State Legislature
Quantum computers and the Bitcoin blockchain by Itan Barmes, Bram Bosch and Olaf Haalstra—Deloitte
Cost of a Data Breach Report 2024—IBM
ITRC Annual Data Breach Report—Identity Theft Resource Center
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