Inspired by insights from Robert Breedlove and Luke Gromen’s “What is Money” podcast, this report explores the Trump administration’s emerging plan to weave Bitcoin and dollar stablecoins into U.S. financial and national security frameworks. By contrasting “inside” money (e.g., fiat currencies, Treasuries) with “outside” money (e.g., gold, Bitcoin), the report reveals systemic vulnerabilities—from currency overvaluation and trade imbalances to Triffin’s dilemma and political weaponization of reserves—that are driving global powers like China and Russia to pivot toward gold and digital assets.

Trump’s appointments (e.g., Howard Lutnick, David Sacks) and public statements suggest a strategic bid to modernize the U.S. monetary system by leveraging Bitcoin’s decentralized resilience and stablecoins’ operational efficiency, all while countering rival efforts to bypass the dollar. Positioned as a response to the frailties of the current fiat-based global order, this playbook aims to bolster America’s sovereignty and safeguard its leadership in an increasingly multipolar financial landscape.

Table of Contents:

I: Introduction: Decoding the Trump Administration’s Playbook: A Digital Asset Revolution

II: The Fragility of the Fiat Monetary System

1. Inside Money vs. Outside Money: A Conceptual Shift
2. Consequences of Dollar Overvaluation
3. Triffin’s Dilemma and the Exorbitant Privilege

III: Bretton Woods III and the Shift Toward Outside Money

IV: The Role of Dollar Stablecoins in the Financial Transition

1. Bridging Inside and Outside Money
2. Reinforcing Dollar Hegemony
3. Stabilizing Treasury Markets
4. Risks and Mitigation

V: Bitcoin’s Strategic Role in U.S. Policy

1. Hedge Against Fiat Vulnerabilities
2. Driving Energy Independence Through Mining
3. Reshoring and Industrial Policy

VI: Sovereign Game Theory: The Geopolitical Race for Bitcoin

1. The Prisoner’s Dilemma of Bitcoin Adoption
2. Adversaries’ Strategies
3. The U.S. Opportunity

VII: A Multipolar Financial Order

1. The End of Dollar Hegemony?
2. Bitcoin’s Neutrality as a Solution

VIII: Stablecoins, Bitcoin, and the Road to Resilience

IX: Bitcoin as a Societal and Economic Stabilizer

X: Conclusion: The Path Forward