91: The Wrong Kind of Hawk

The podcast analyzes the recent downturn in Bitcoin's price, exploring potential causes and future implications. It suggests the price drop is tied to nervousness around the Federal Reserve, the potential appointment of Kevin Warsh as Fed chair, and resulting market reactions in gold and silver. Warsh's views on monetary policy, particularly his preference for aggressive intervention only during crises, are examined. The discussion also covers the Clarity Act, highlighting sticking points like stablecoin rewards and ethics provisions, and touches on El Salvador's Bitcoin-focused events. Despite current market conditions, the podcast emphasizes the importance of long-term perspective, encouraging listeners to "stack sats" and remain grateful for the opportunity to accumulate Bitcoin at lower prices.