# The $1.5 Trillion Tantrum

URL: /show/this-week-in-bitcoin/40/
> Powell pulls the punchbowl and $1.5 trillion in 'paper wealth' vanishes. I'll unpack Wall Street's meltdown, JPOW's 'maybe we'll cut, maybe we won’t' strategy, and how inflation still runs the show. Then, we take a serious look at the idea of a U.S. Strategic Bitcoin Reserve. Could an executive order make it happen overnight?

- Show: [This Week In Bitcoin](/show/this-week-in-bitcoin/)
- Episode: 40
- Date: 2024-12-19
- Hosts: chris
- Duration: 01:16:16
- Audio: https://op3.dev/e/serve.podhome.fm/episode/f01a19c0-6f9d-4aef-9515-08dc15242149/63870242313888209366a94a34-6a39-47fc-9608-db74b2ee9ccbv1.mp3





### Episode Links

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**LINKS**

* [What Is the National Debt Costing Us?](https://www.pgpf.org/article/what-is-the-national-debt-costing-us/)
* [Bitcoin Miner Hut 8 Buys $100M BTC Bringing Total Holdings to $1B](https://www.coindesk.com/business/2024/12/19/bitcoin-miner-hut-8-buys-usd100m-btc-boosting-total-total-stash-to-usd1b)
* [The Dutch government urged to establish a National Bitcoin Reserve in an open letter. ](https://x.com/cointelegraph/status/1869668999455273105?t=E9EIlRX-vHxbQ8g23lQU3A)
* [CNBC Daily Open: Expectations on Fed cuts were the lethal blow to markets](https://www.cnbc.com/2024/12/19/cnbc-daily-open-expectations-on-fed-cuts-were-the-lethal-blow-to-markets.html)
* [El Salvador secures $3.5 billion IMF financing package after agreeing to make accepting Bitcoin voluntary and unwind its Chivo wallet.](https://x.com/BitcoinMagazine/status/1869489853970493795)
* [Bitcoin Crosses $108k, US Spot ETFs Are The Largest Holder, MSTR To Enter Nasdaq-100](https://www.theya.us/research/bitcoin-crosses-108k-us-spot-etfs-are-the-largest-holder-mstr-to-enter-nasdaq-100/)
* [US Federal Reserve cuts fed funds rate by 25 basis points](https://www.theblock.co/post/331199/us-federal-reserve-cuts-fed-funds-rate-by-25-basis-points)
* [SUMMARY OF FED CHAIR POWELL'S STATEMENT (12/18/24)](https://x.com/KobeissiLetter/status/1869466949677400287)
* [Bitcoin Policy Institute drafts Executive Order for a Strategic Bitcoin Reserve for President Trump](https://x.com/bitcoinmagazine/status/1869102704783716684?t=E9EIlRX-vHxbQ8g23lQU3A)
* [A US strategic reserve could push bitcoin to $500K: Bitwise CIO - YouTube](https://www.youtube.com/watch?v=9HO2f6NJcWg)
* [FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024](https://www.nobsbitcoin.com/fasb-bitcoin-fair-value-accounting/)
* [El Salvador to Scale Back Bitcoin Policies for $1.4 Billion IMF Loan Deal](https://www.nobsbitcoin.com/el-salvador-to-scale-back-bitcoin-policies-for-1-4-billion-imf-loan-deal/)
* [BlackRock releases 3 minute educational video explaining what Bitcoin is.](https://x.com/BitcoinMagazine/status/1869125598549061661)

**MUSIC:**

* [Digital Age Blues by Simon C](https://podcastindex.org/podcast/7137570)