Oct. 3, 2025 - Freedomain Radio - Stefan Molyneux
05:09
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| Time | Text |
|---|---|
| There has been a significant bump of Bitcoin, 4 p.m. Eastern 117,480 US US dollars. | |
| The all-time high was 124-290, August 14th. | |
| So of course, there was a partial U.S. government shutdown on October 1st. | |
| This, of course, indicates instability, and where there's instability, assets flow towards safe havens such as Bitcoin through ETFs and other kinds of investments. | |
| The shutdown deled key economic data releases, jobs reports, ISM manufacturing PMI, leading to market volatility and a data blackout. | |
| These weak economic indicators position Bitcoin as a hedge against political instability and fiat currency risks. | |
| Gold is in a similar position, and if you follow Peter Schiff on X, has hit record highs. | |
| So Bitcoin surged nearly 4% in 24 hours to around 117,400, with analysts noting it defies shutdown risks by acting as a digital haven. | |
| So there were shutdowns of the government in 2013 and 2018, showed kind of mixed effects on Bitcoin. | |
| But current rate cut expectations and reduced regulatory capacity, for example, SEC delays amplify short-term upside. | |
| The Federal Reserve announced a rate cut by 25 basis points, 0.25% on September 17th, 2025. | |
| This combined with weak economic data, including 22,000 jobs added versus 76,500 expected, and unemployment of 4.3%, has boosted Bitcoin as a risk asset. | |
| The initial response to the rate cut saw some drop in Bitcoin's price. | |
| It did below 110,000 on September 26th, but it recovered and had a banner day to day. | |
| Global activities have also contributed to economic uncertainty, such as in France, where increased deficits and debts and political instability increases its misalignment with EU policy. | |
| France's public deficit reached almost 6% of its GDP in 2024, projected to remain high in 2025. | |
| Its debt to GDP ratio reached 113 point, sorry, it didn't laugh, 113.9% debt to GDP, far exceeding EU thresholds. | |
| France is now under EU's excessive deficit procedure, requiring corrective action plans, but political gridlock has delayed implementation. | |
| Ongoing turmoil, including the potential collapse of the government and opposition to austerity measures, has hindered France's ability to align with EU mandated deficit reduction timelines. | |
| All told France's economic growth is expected to slow to 0.6% in 2025. | |
| I love how they call it austerity. | |
| Some guy weighs 450 pounds because he's had 8,000 calories a day for years. | |
| And you try to drop it down to 7800 calories. | |
| Oh no, I'm starving! | |
| Austerity starvation diet. | |
| Now, Donald Trump, of course, has been very positive for Bitcoin, both during his campaign and during his presidency. | |
| He released a video on July 18, 2025, signing the Genius Act into law, which endorsed cryptocurrency, following through on its March 2025 announcement of a strategic crypto reserve. | |
| Since the signing of the Genius Act, also known as uh me reading my audiobook, we have seen the following. | |
| August to September 2025. | |
| The Treasury Department initiated implementation, including an advance notice of proposed rulemaking, and perm published in the Federal Register on September 19, 2025, seeking public input on stablecoin regulations. | |
| The stablecoin market grew 42% in 2025, with USDT processing over 1 trillion dollars, attributed partly to the Act. | |
| A stablecoin tries to tie the value of a Bitcoin to something, sorry, the value of a crypto to something like the US dollar or something that's not free-floating based on supply and demand. | |
| Collaborations emerged, such as Deutsche Borser Group and Circle for Stablecoin Initiatives. | |
| The Commodity Futures Trading Commission launched a tokenized collateral and stablecoins initiative on an unspecified date in late September, inviting comments by October 20th, 2025. | |
| Broader discussions linked the Act to Bitcoin's potential in backing global stablecoins and treasury assets across industries. | |
| Some raised concerns about loopholes allowing rebates without investor protection calling for amendments. | |
| Market and industry impact. | |
| Stablecoins gained federal legitimacy, moving from fringe tools to regulated digital financial backbones. | |
| This has fueled optimism for a crypto market structure bills next, potentially rallying the industry. | |
| Projects like PayPi, RWA platforms and tokens saw mentions as beneficiaries. | |
| Ties to digital ID and global policies such as the UK following suit were speculated. | |
| September twenty-five to twenty sixth, the Treasury extended the ANPRM comment period briefly to forty-six days from its September nineteenth publication, giving industry more time for feedback on stablecoin rules. | |
| Post highlighted full implementation via the Federal Register with users noting the Act's official status and ties to crypto buys. |
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