We have begun to see nation-state adoption of Bitcoin. El Salvador may have been the first, but they will not be the last to move from a fiat standard to a sound-money Bitcoin standard. This week we will explore how countries might make that leap, when they might make it and even discuss a bit of everyone’s (least) favorite subject – how will taxes work on a Bitcoin standard!

Weekly Close BTC July the 23rd: $30,072.12

Block Height at time of recording: 799,981

News and Notes

RFK Jr (Presidential Candidate) Announces Plan to Back Dollar with Bitcoin  and End Bitcoin Taxes

https://www.thestreet.com/cryptocurrency/rfk-jr-announces-plan-to-back-dollar-with-bitcoin-end-bitcoin-taxes

https://cointelegraph.com/news/rfk-jr-will-back-us-dollar-with-bitcoin-if-president

https://www.cnbc.com/2023/07/07/rfk-jr-bitcoin-investment-raises-ethics-concerns.html

https://finance.yahoo.com/news/robert-f-kennedy-jr-wants-165719448.html

Nigel Farage’s Bank Account Closed 

Articles about Argentina Presidential Candidate

https://bitcoinist.com/argentina-presidential-candidate-preaches-bitcoin/

https://cryptoslate.com/javier-milei-pro-bitcoin-argentine-presidential-candidate-rising-in-polls/

https://news.bitcoin.com/presidential-candidate-javier-milei-claims-he-has-the-funds-to-dollarize-argentina/

Information about the Income Tax in America and the Federal Reserve

https://www.newyorkfed.org/aboutthefed/history_article.html

https://constitutioncenter.org/blog/how-we-wound-up-with-a-national-income-tax

Transcript not available for this episode.