BITCOIN SEASON 2: We Need Bitcoin For State Pensions, Not Treasuries
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 May 2025
⏱️ 57 minutes
🧾️ Download transcript
Summary
Storm Rundd, President of Oklahoma Bitcoin Association, discusses the status of state Bitcoin strategic reserve bills, legislative processes, funding sources, and opportunity costs. The conversation also covers vibe coding and AI's impact on future business models.
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Storm Rund, President of the Oklahoma Bitcoin Association, joins us to discuss the state of Bitcoin Strategic Reserve bills across the US. Storm breaks down the complex legislative process, explains why many bills fail despite strong support, and compares treasurer vs. pension fund approaches. He introduces the opportunity cost tracker that shows how much money states have lost by rejecting Bitcoin. The conversation concludes with insights on vibe coding, AI productivity, and how these technologies will reshape business models.
Follow our guests: @Storm_R0
Notes:
- Over half of US states have proposed SBR bills
- Oklahoma SBR bill passed 77-15 then died in committee
- Pension funds typically 4x larger than state funds
- 5% Bitcoin allocation = $500M opportunity cost
- Montana SBR had $50M cap with specific fund source
- AI changing labor market in big tech companies
Timestamps:
00:00 Start
01:31 Current Bitcoin Reserve landscape
03:31 Bill process
07:05 Oklahoma example
11:53 Funding these state SBRs
12:43 Bill design matters
17:55 Bill funding
19:54 Treasury vs Pension funds
27:03 Crafting better bills
33:53 Opportunity cost tool
43:50 Vibe coding
49:07 AI changing business
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Transcript
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| 0:00.0 | The U.S. states are buying Bitcoin. |
| 0:02.3 | Well, some of them aren't. |
| 0:03.7 | And we're going to talk about what the opportunity cost is if your state rejects its Bitcoin strategic reserve bill. |
| 0:11.8 | I've got Storm Run, president of the Oklahoma Bitcoin Association, and closet vibe coder on today's episode. |
| 0:20.3 | More on Bitcoin Season 2 in a moment. |
| 0:23.3 | Bitcoin Season 2 is brought to you by Arch Network, |
| 0:25.9 | the platform building Bridgeless apps on Bitcoin. |
| 0:28.7 | More on Arch later on the show. |
| 0:29.8 | Let's kick it off. |
| 0:37.3 | So it seems like everyone's launching a Bitcoin Strategic Reserve these days. |
| 0:41.8 | Over half the United States have some form of SBR either proposed, past, or rejected. |
| 0:49.6 | So it's about time that we start tracking these more closely. |
| 0:52.6 | I've got Storm Run, president of the Bitcoin Association, Oklahoma Bitcoin Association, |
| 0:57.5 | and co-founder of Bubble FM, a podcast discovery platform on Bitcoin Season 2 today. |
| 1:04.7 | Welcome to Bitcoin Season 2 Storm. Thanks for coming. |
| 1:08.0 | It's great to be here, Charlie. Thank you for having me. |
| 1:09.9 | So, you know, Bitcoin reserves are like the consensus trade of the day. |
| 1:16.5 | Everybody and their dog is doing them. Uh, is, I don't know. What's your take? |
| 1:22.3 | It's end of, it's middle of May here. We've had some past, some fail. What is the state of the states and Bitcoin's strategic reserves? |
| 1:31.9 | Yeah. |
| 1:32.5 | So first thing, let's give a shout out to Bitcoin Laws.io. |
| 1:37.0 | They have a fantastic tracker for just tracking the actual state, what that legislation says, what it's going to do, and where that is in the process and the legislative process. |
... |
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