We consider the incongruency of a U.S. Strategic Bitcoin Reserve, the latest crypto exchange hack, and how most participants lost money on the Trump meme coin. Given all that, we review some areas where cryptocurrency is helping individuals and businesses.Topics Covered<ul><li>What is the U.S. Strategic Petroleum Reserve</li><li>Why it makes little sense for the U.S. and individual states to create and participate in a Strategic Bitcoin Reserve</li><li>What led to the latest and largest cryptocurrency exchange hack in history</li><li>How financial and other data breaches impacted over 1 billion people last year, costing over $15 billion</li><li>How quantum computers could disrupt the security of cryptocurrency and traditional financial systems</li><li>Why most speculators lose money on meme coins</li><li>What are some current ways cryptocurrency is helping individuals and businesses achieve greater financial stability and lower costs</li></ul>Episode Sponsors<a href="https://joindeleteme.com/david20" rel="noopener noreferrer" target="_blank">Delete Me – Use code David20 to get 20% off</a><a href="https://strawberry.me/david" rel="noopener noreferrer" target="_blank">Stawberry.me</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://www.congress.gov/bill/118th-congress/senate-bill/4912/all-info" rel="noopener noreferrer" target="_blank">All Information (Except Text) for S.4912 - BITCOIN Act of 2024—Congress.gov</a><a href="https://legislature.mi.gov/documents/2025-2026/billintroduced/House/pdf/2025-HIB-4087.pdf" rel="noopener noreferrer" target="_blank">House Bill No. 4087—Michigan Legislature</a><a href="https://mylrc.sdlegislature.gov/api/Documents/279301.pdf" rel="noopener noreferrer" target="_blank">2025 South Dakota Legislature House Bill 1202—South Dakota Legislature</a><a href="https://www.azleg.gov/legtext/57leg/1R/bills/SB1025P.pdf" rel="noopener noreferrer" target="_blank">State of Arizona Senate SB 1025—Arizona State Legislature</a><a href="https://www.deloitte.com/nl/en/services/risk-advisory/perspectives/quantum-computers-and-the-bitcoin-blockchain.html" rel="noopener noreferrer" target="_blank">Quantum computers and the Bitcoin blockchain by Itan Barmes, Bram Bosch and Olaf Haalstra—Deloitte</a><a href="https://www.bloomberg.com/news/articles/2025-02-22/bybit-hack-crypto-s-biggest-ever-spoils-coinbase-s-sec-victory-party" rel="noopener noreferrer" target="_blank">Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party by Olga Kharif, Muyao Shen, and Emily Nicolle—Bloomberg</a><a href="https://www.ibm.com/downloads/documents/us-en/107a02e94948f4ec" rel="noopener noreferrer" target="_blank">Cost of a Data Breach Report 2024—IBM</a><a href="https://www.idtheftcenter.org/publication/2024-data-breach-report/" rel="noopener noreferrer" target="_blank">ITRC Annual Data Breach Report—Identity Theft Resource Center</a><a href="https://truthsocial.com/@realDonaldTrump/posts/113846888132979151" rel="noopener noreferrer" target="_blank">Post by @realDonaldTrump—Truth Social</a><a href="https://gettrumpmemes.com/" rel="noopener noreferrer" target="_blank">Trump Meme</a><a href="https://www.wired.com/story/trumpcoin-biggest-backers/" rel="noopener noreferrer" target="_blank">Early Investors in Donald Trump’s Memecoin May Have Been Tipped Off, Experts Claim by Joel Khalili—Wired</a><a href="https://www.reuters.com/markets/currencies/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03/" rel="noopener noreferrer" target="_blank">Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money by Tom Wilson&nbsp;and&nbsp;Michelle Conlin—Reuters</a><a href="https://www.ft.com/content/27bcc19e-d422-4fac-ac08-5b76c1095e52" rel="noopener noreferrer" target="_blank">Memecoin scandal rocks Argentina’s Javier Milei by Ciara Nugen—The Financial Times</a><a href="https://www.coindesk.com/business/2025/01/30/tether-brings-its-usd140b-usdt-stablecoin-to-bitcoin-and-lightning-networks" rel="noopener noreferrer" target="_blank">Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks by Krisztian Sandor—CoinDesk</a>Related Episodes<a href="https://moneyfortherestofus.com/488-ethereum-etf/" rel="noopener noreferrer" target="_blank">488: Should You Invest in an Ethereum ETF?</a><a href="https://moneyfortherestofus.com/462-should-you-buy-a-bitcoin-etf/" rel="noopener noreferrer" target="_blank">462: Now Should You Buy a Bitcoin ETF?</a><a href="https://moneyfortherestofus.com/410-is-crypto-dead/" rel="noopener noreferrer" target="_blank">410: Is Cryptocurrency Dead?</a><a href="https://moneyfortherestofus.com/373-stablecoins/" rel="noopener noreferrer" target="_blank">373: Are Stablecoins Safe? Should You Own Them?</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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