Part 8/15:
Michael underscores the game theory at play in U.S. politics, especially with upcoming elections. Initially, during 2020, Bitcoin’s standing was uncertain: some officials viewed it as a threat, others as a speculative asset. Over time, bipartisan support grew, especially as regulators like Gensler clarified Bitcoin as a commodity, solidifying its legitimacy.
The real breakthrough was the bipartisan push for ETF approvals and clear classification of digital assets. The political landscape is shifting, with a recognition that supporting Bitcoin and crypto can align with national interest—enhancing financial sovereignty and economic resilience.