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I think if you think about the original motivation for Bitcoin, the philosophy behind it,

if you like, the more the government has, and that's, again, not just the U.S. government,

but governments in general, the less it's actually able to do the things that its founders

wanted it to do.

I'm not it to do. Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host,

Laura Shin, author of The Cryptopians. I started covering crypto nine years ago, and as a senior

editor at Forbes was the first Mainstream Reader Porter to cover cryptocurrency

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Today's guest is George Selgin, senior fellow at the Cato Institute.

Welcome, George. It's nice to be here, Laura. We're here to discuss some proposals for the U.S.

government to establish a strategic Bitcoin reserve. One of these was by a former president and

Republican presidential nominee, Donald Trump, and another by Wyoming Senator Cynthia Lemmas.

And the third presidential candidate Robert F. Kennedy Jr. also made a similar suggestion at the Bitcoin 2020 for a conference.

I'm sure listeners have heard about this, but let's just make sure they understand

the details. So in broadshokes, can you describe what it is that these different speakers

...