Macro Musings with David Beckworth Will Luther and Josh Hendrickson on the Future of Bitcoin
34 snips
Aug 11, 2025 Will Luther, an associate professor at Florida Atlantic University and a fellow at the Bitcoin Policy Institute, joins Josh Hendrickson, chair of the economics department at the University of Mississippi and also a fellow at BPI. They discuss the concept of a strategic Bitcoin reserve and its implications for U.S. monetary policy. The duo explores Bitcoin’s potential to challenge U.S. financial hegemony and enhance stability amid volatility. They also dive into innovative financial products linked to Bitcoin, highlighting its evolving role in global finance.
AI Snips
Chapters
Books
Transcript
Episode notes
Signal With A Meaningful Purchase
- Josh Hendrickson advises buying a meaningful amount of Bitcoin to create a credible international permission signal.
- Tiny purchases will look cynical, so scale holdings to be taken seriously.
Swap Gold To Acquire Bitcoin
- Will Luther notes the U.S. could swap or borrow against gold to acquire Bitcoin at relatively low marginal political cost.
- That leverages existing holdings instead of selling the national gold stock outright.
Sanctions Clash With Miner Jurisdictions
- Josh Hendrickson explains OFAC-style bans on Bitcoin transactions are impractical if miners outside U.S. ignore them.
- He warns enforcement may drive miners to permissive jurisdictions, undermining those sanctions.
