How the State Captures Bitcoin w/ American HODL

American HODL is an OG Bitcoiner. In this episode, we explore how the state may co-opt Bitcoin not by banning it, but by absorbing it into public markets, enabling control through financial instruments like ETFs and convertible bonds. We also get into the rise of Bitcoin treasury companies, why Michael Saylor’s strategy is just the beginning, and the threat of an Executive Order 6102 style attack. We also discuss the moral tradeoffs of financialising Bitcoin and whether self-custody will be punished through regulation. As well as the Trojan horse theory of Bitcoin adoption, whether it's better to fight or subvert the state, and why the next phase of Bitcoin’s revolution might not be rebellion—but infiltration. Follow: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny American HODL: https://x.com/americanhodl8 or https://primal.net/hodl THANKS TO OUR SPONSORS: IREN: https://www.iren.com/ RIVER: https://river.com/wbd ANCHORWATCH: https://www.anchorwatch.com/ COINKITE: https://store.coinkite.com/promo/WBD BLOCKWARE: https://mining.blockwaresolutions.com/wbd