Lark discusses rumors circulating about the United States potentially adding Bitcoin as a strategic reserve asset. He mentions that the US currently holds around 210,000 Bitcoin confiscated from hackers and Bitfinex customers.
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Lark speculates on the possibility of the US government, particularly under a potential Trump presidency, deciding to keep this Bitcoin and even buy more.
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Lark emphasizes the significant impact such a move could have on Bitcoin's price and adoption:
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"If the United States says yeah Bitcoin is now a strategic reserve asset in the same way the gold is, every country is going to have to play catch-up," he says.
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He also mentions a proposal by David Bailey, CEO of Bitcoin Magazine, to lock up the government's Bitcoin for 100 years.
However, Lark cautions that this is still speculation and politicians often make promises they don't keep. He notes that going up against the Federal Reserve could be challenging. Despite his excitement about the possibility, Lark maintains a balanced perspective, reminding viewers that such significant policy changes face many obstacles.
