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- US Cheese Reserve For Bitcoin? 🤔, Saylor's $81T Bitcoin Vision For America 🇺🇸, Bitcoin Basher Now Leads Canada 🥶
US Cheese Reserve For Bitcoin? 🤔, Saylor's $81T Bitcoin Vision For America 🇺🇸, Bitcoin Basher Now Leads Canada 🥶
Read issue #194 of the Bitcoin-only daily newsletter with the highest signal-to-noise ratio in the industry.

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Greetings Bitcoiner,
Welcome to Issue #194 of the Bitcoin Breakdown daily newsletter, where we’re rounding up the most talked-about developments in the Bitcoin-only space from the past weekend with our Quick Bits and Quick Media sections.
But first, today’s Top Stories:
🧀 US Gov Urged to Buy BTC With 1.4B Pounds of Cheese
🇺🇸 Saylor Urges US Gov To Stack $81T BTC
🤦♂️ Canada's New Prime Minister Is An Old-School Bitcoin Basher

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Mar 10, 2025
TODAY’S TOP STORIES
🧀 US Gov Urged to Buy BTC With 1.4B Pounds of Cheese
The Bitcoin Policy Institute (BPI) is suggesting the US government sell its 1.4B-pound cheese reserve, worth an estimated $3.4B, to buy more bitcoin. This aligns with President Trump’s Strategic Bitcoin Reserve initiative, which aims to increase US BTC holdings without extra taxpayer costs. BPI and VanEck's Matthew Sigel advocate for Bitcoin as a superior reserve asset, humorously questioning the necessity of a vast cheese stockpile in the Age of Bitcoin. CryptoSlate
🇺🇸 Saylor Urges US Gov To Stack $81T BTC
Michael Saylor shared an ambitious proposal during the White House Crypto Summit last week for the US government to accumulate up to 25% of the Bitcoin network's supply—5.25M BTC—by 2035. He projects this could generate up to $81T in national wealth by 2045, securing America's economic dominance by allowing it to reduce debt, fund infrastructure, and ensure its financial future. Saylor also advocates for regulatory reforms, calling for the elimination of restrictive policies to enable innovation. BeInCrypto
🤦♂️ Canada's New Prime Minister Is An Old-School Bitcoin Basher
Canada's new Prime Minister, Mark Carney, a former central banker, is no Bitcoin fan having once called recreating a virtual gold standard like Bitcoin a 'criminal act of monetary amnesia.' Despite advocating for central bank digital currencies to fight crime, he served on Stripe's board, rolling out Bitcoin and crypto payment solutions. He has entered office promising to retaliate against US tariffs until 'Americans show us respect,' rebuffing Trump's plan to annex Canada. Cointelegraph

POLL
What should the US government do with its 1.4 billion-pound cheese reserve? |

QUICK BITS
South Korean financial experts and politicians urge the country to copy the US and integrate Bitcoin into its national reserves.
UK Treasury says it has no plans to introduce a US-style strategic bitcoin reserve, citing its volatility as unsuitable for that purpose.
Industry leaders like Coinbase CEO Brian Armstrong expect other G20 countries to follow the US in establishing a Bitcoin reserve.
Representative Thomas Massie and Senator Mike Lee reintroduce legislation to abolish the Federal Reserve.
Strategy, formerly MicroStrategy, is raising up to $21B via a perpetual strike preferred stock offering to acquire more bitcoin.
River, a Bitcoin financial services company, estimates that only 4% of the global population currently holds BTC in a new report.
Ripple's leaked 2018 internal emails reveal a coordinated anti-Bitcoin smear campaign, promoting the 'China FUD' narrative.
US government now allows US banks to offer Bitcoin and crypto custody and stablecoin services without prior approval.
David Sacks, White House crypto and AI czar, rejects the idea of a 0.01% Bitcoin and crypto transaction tax in a recent appearance on the All In Podcast.
The Bitcoin 'Monte Carlo model' projects BTC price to go up to $713K by September 2025, highlighting an 800% potential rise.
Bitwise CIO Matt Hougan projects Bitcoin's market cap to exceed $20T in under 10 years, potentially surpassing gold.
The Libertarian Party of Australia unveils its Bitcoin Policy Whitepaper, advocating for BTC as a financial asset and removing Capital Gains Tax on daily transactions.
Kraken plans for a public offering in 2026, which will make them the second exchange after Coinbase to go public.
Singapore Exchange, the largest exchange group in Singapore, plans to debut Bitcoin perpetual futures for institutional and professional investors in the second half of 2025.
Bitcoin volatility nears 58%, the highest this year, despite Trump's Strategic Bitcoin Reserve announcement and summit with industry leaders.
Bitwise exec predicts Trump to delay Bitcoin buys for US reserve until $60K, citing political risks and taxpayer concerns.


QUICK MEDIA
Samson Mow, CEO of JAN3, discloses on Simply Bitcoin TV’s podcast that there are central banks who have reached out to his company to talk about Bitcoin (Mar 8 | 0:26 min watch).
Donald Trump announces the end of 'Operation Chokepoint 2.0,' reaffirming the expected regulatory relief for the Bitcoin and crypto industry (Mar 8 | 1:09 min watch).
US Treasury's Scott Bessent outlines plan to return seized Bitcoin to victims using government reserves first, and only then pursue additional bitcoin acquisitions in an appearance on CNBC (Mar 7 | 0:24 min watch).
Ricardo Salinas, the third richest person in Mexico, explains why hard assets like gold and Bitcoin are better than stocks and bonds to save money, additionally calling buying bonds as 'the dumbest thing in the world (Mar 10 | 0:41 min watch).
Jeff Booth, author of 'The Price of Tomorrow', points out how the system we have right now is antithetical to free markets and that Bitcoin will push the world towards an inevitable rebalance (Mar 9 | 1:52 min watch).
David Sacks emphasizes Bitcoin's unique attributes, highlighting its lack of issuer, decentralization, $2T market cap, and robust security to explain why he thinks BTC is special despite market volatility (Mar 8 | 1:26 min watch).
Matthew Kratter of Bitcoin university discusses why Bitcoin's price is not rallying despite recent bullish news, including the US Strategic Bitcoin Reserve, and suggests macroeconomic uncertainty and market dynamics may be factors (Mar 10 | 8:35 min watch).

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