A single-speaker YouTube commentary reacting to the announced Fed chair Kevin Walsh and his recent interview. The speaker reports Walsh saying Bitcoin is not a threat to the US government or dollar, frames Bitcoin as "programmatic money" (software/code, verifiable limited‑supply asset), and argues Walsh's appointment is bullish for Bitcoin.
Donald Trump has just announced the new Fed chair pick, Kevin Walsh. Is this good or bad for Bitcoin? Well, he was just literally interviewed the other day and the question that was posed to him was, is bitcoin a threat to the US Government and US dollar? Because a lot of people believe that. And without hesitation, Kevin replied, no. He thinks bitcoin is an important asset that can help inform policy makers when they're doing things right and wrong. It can be very good policeman for policy. It's the newest and coolest software that could provide us an ability to do things that we could never have done before. What he means by this is Bitcoin is programmatic money. It is software, it is code. And all the policymakers and the way the world works right now is just people in high chairs making decisions based on what they think is right or wrong. Bitcoin is math. It's code, it's software. And we can trust that over verifiable blockchains, verifiable software based on the limited supply asset that Bitcoin is. It's the purest form of money. And that is why bitcoin will be the future. And with this new Fed Chair, it's a very bullish thing for bitcoin.
