BITCOIN SEASON 2: Uncle Sam Wants Your Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 April 2025
⏱️ 73 minutes
🧾️ Download transcript
Summary
Mark Goodwin explains how stablecoins may be yoking Bitcoin to the dollar system, creating a mechanism for the US to maintain global financial dominance while appearing to embrace cryptocurrency. He argues Bitcoiners must fight to keep Bitcoin permissionless.
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Author of "The Bitcoin Dollar" Mark Goodwin joins us to discuss how stablecoins may be the US government's strategy to maintain dollar hegemony by yoking Bitcoin to the dollar system. He explains how private stablecoin issuers must buy US treasuries, creating artificial dollar demand while enabling surveillance. Mark argues that while Bitcoin pumps, Bitcoiners must fight to preserve its permissionless nature or risk merely empowering the state rather than creating true freedom for individuals.
Follow our guests: @markgoodw_in
# Notes:
- Tether holds ~$145B in US treasuries
- PayPal offering 3.7% yield on PYUSD stablecoin
- Bitcoin inflation fell below gold in May 2020
- US strategically using stablecoins for dollar demand
- Stablecoin regulations prioritize treasury backing
- Bitcoin scaling solutions needed for privacy
Timestamps:
00:00 Start
01:32 The 21 cabal
06:40 Bitcoin as an EXIT
14:14 The Bitcoin Dollar
29:54 Arch
39:27 Stablecoins
51:40 Trump's illegal scams
1:01:25 What should Bitcoiners do?
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. Stablecoins are the hottest thing right now, |
| 0:52.0 | hotter than Bitcoin itself. The US government likes stablecoins, and Trump says he likes stable coins. |
| 0:57.9 | They help the dollar. |
| 0:59.1 | But is there something else going on? |
| 1:01.0 | Maybe something deeper. |
| 1:02.7 | I've got Mark Goodwin, author of The Bitcoin Dollar here with me on Bitcoin Season 2 today, |
| 1:07.5 | to help talk through the thesis of the Bitcoin dollar and why Bitcoiners |
| 1:11.9 | should think critically about the current situation. |
| 1:16.1 | Bitcoin Season 2 is brought to you by Arch Network, the protocol building bridgeless apps |
| 1:20.2 | on Bitcoin. |
| 1:21.4 | More on Arch later in the show. |
| 1:23.1 | Let's kick it off. |
| 1:30.3 | Welcome back to Bitcoin season two. |
... |
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