State of the Union—John Pitts joins CoinGeek Weekly Livestream
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Homepage > News > Business > State of the Union—John Pitts joins CoinGeek Weekly Livestream On this week’s episode of the CoinGeek Weekly Livestream, John ‘Jack’ Pitts joined Kurt Wuckert Jr. to talk about the current state of the United States, the strategic Bitcoin reserve, the Trump family’s new American Bitcoin mining venture, and much more. title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen=””> Welcome John Pitts John Pitts needs no introduction to BSVers: he’s the founder of SLictionary and Pi01, a Wall Street veteran, and a regular at BSV conferences. Pitts has been on the CoinGeek Weekly Livestream a few times before and keenly understands economics, equities, and macroeconomics. The BitMEX pardon and madness in Washington Wuckert begins by asking Pitts how he feels about what’s happening in Washington, D.C., right now. He points to the BitMEX pardons as something he feels has crossed the line into unnecessarily crazy. Pitts agrees that it’s frustrating. He still believes Bitcoin is bigger than artificial intelligence (AI) or any other technology trend, and seeing scammers and criminals who have done so much damage to the industry pardoned is maddening. The ‘crypto’ industry reminds him of the dot-com era; there’s so much fraud, and the pumps and dumps are rife. Speaking of pump and dumps, Wuckert says watching guys like Howard Lutnick (linked to Tether) and David Sacks engage in this behavior is concerning. Unlike Silk Road boss Ross Ulbricht, who was young, naive, and probably never intended for things to get so out of control, these guys know better and are in positions of real power. He asks Pitts if the U.S. is in real trouble with them at the helm and what things might look like in two or three years. Pitts responds that he judges governments by what they can pass permanently. For example, in Donald Trump’s last term, he put several Supreme Court…
Filed under: News - @ April 4, 2025 1:27 pm