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The James Altucher Show

Bitcoin's Big News: Gensler Resigns and the US Strategic Reserves | Omid Malekan

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 22 November 2024

⏱️ 88 minutes

🧾️ Download transcript

Summary

James sits down with Omid Malekan, crypto expert and author, to discuss the seismic shifts in Bitcoin and cryptocurrency. With Gary Gensler stepping down as SEC chair, what does this mean for the future of crypto? Omid shares his perspective on Bitcoin’s potential to become a strategic reserve asset for the U.S. government and dives into the fascinating, if controversial, world of meme coins.

Transcript

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0:00.0

Oh my gosh.

0:07.9

So many things going on with Bitcoin.

0:10.3

Let me just summarize it.

0:12.0

I mean, obviously, Gary Gensler resigning.

0:14.8

That's huge for Bitcoin.

0:15.8

He was the head of the SEC.

0:17.5

This is the whole regulatory cloud that's been over all things crypto is now gone.

0:22.9

Another catalyst is Bitcoin might be used for the U.S. strategic reserves.

0:28.6

And particularly if the U.S. starts buying Bitcoin, which Senator Carol Loomis has proposed in a bill,

0:35.9

that would be, I mean, Bitcoin's going to a million.

0:38.6

I'm not even being too hyperbolic here. And, you know, finally, companies are starting to buy

0:44.5

crypto. That's a huge catalyst. And tokenization. If you don't know what that is, Oman and I, Oman

0:51.1

Malicon and I talk a little bit about it in this podcast. But in general, Oman Malicon, who used to run crypto at Citibank, and he's involved in all

1:01.0

things crypto.

1:02.0

You could check him out on Twitter, Malicon Oms, M-A-L-E-K-A-N-O-M-A-N-O-M-S.

1:07.6

And he's written a bunch of books on crypto.

1:09.2

He's really one of the smartest people I know in the crypto world.

1:12.8

He's one of those people who's just very thoughtful, very smart, very quiet, very serious.

1:20.5

And I always like catching up with him every few months or so and learning where he sees the

1:26.6

world of crypto right now. And so here he is,

1:30.6

Omed Malikon.

1:34.8

This isn't your average business podcast, and he's not your average host. This is the James

...

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