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# Debt Driven Degeneracy
- URL: https://www.bitcoinandshow.com/debt-driven-degeneracy/
- Published: 2025-05-22T19:51:29.000Z
- Updated: 2025-05-22T19:54:22.000Z
- Description: Bitcoin tops Amazon, Texas close to adopting a reserve, the Genius Act exports debt, Zeus Wallet adds eCash, and BSV gets buried in court. Episode 1101 delivers sharp takes on big Bitcoin news.
- Author: David Bennett
- Tags: Podcast

#### Episode 1101 of Bitcoin And . . . is LIVE!

## Listen Here –>

## [https://fountain.fm/episode/4ErUTLEJOB5sBpv5o2aD](https://fountain.fm/episode/4ErUTLEJOB5sBpv5o2aD?ref=bitcoinandshow.com) 

- **Bitcoin Surpasses Amazon in Market Cap on Pizza Day**  
On May 22, Bitcoin’s market cap topped Amazon’s, hitting $2.2 trillion. David warns against over-celebration, stressing that comparing Bitcoin to corporations like Amazon is a category error.
- **Texas Passes Bitcoin Reserve Bill**  
Texas moves forward with legislation to create a state-level Bitcoin reserve, following in New Hampshire’s footsteps. The vote passed the House 101-42 and awaits the governor’s signature.
- **UK Court Rejects $13B BSV Lawsuit Against Binance**  
A UK appeals court dismissed most of a $13 billion claim over Bitcoin SV’s delisting, calling it speculative and built on fantasy future valuations.
- **Genius Act Stablecoin Bill and U.S. Debt Expansion**  
David Sachs says the Genius Act could create “trillions” in demand for U.S. Treasuries by tying stablecoins to government debt. Host warns it’s a mechanism to export inflation globally.
- **Zeus Wallet Integrates Cashew eCash for Microtransactions**  
Zeus adds support for Cashew’s eCash, enabling privacy-friendly micropayments and zaps in a user-friendly way. The wallet aims to “annoy users into self-custody” as balances grow.