The White House says a Strategic Bitcoin Reserve announcement is coming within weeks, with legal hurdles to hold and custody Bitcoin reportedly cleared. If the United States ultimately moves toward acquiring 1,000,000 Bitcoin, the implications extend far beyond price and into global nation-state game theory.

We break down the reserve story, Iran's Bitcoin-linked activity surrounding the Strait of Hormuz, Cathie Wood's scarcity thesis, the CLARITY Act, and why banks, institutions, and governments may soon be competing for the same fixed Bitcoin supply.

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