The latest episode of Bitcoin Policy Hour delves into the intersection of state-led capitalism and strategic technologies, highlighting the tension between free markets and geopolitical priorities. The discussion, featuring experts from the Bitcoin Policy Institute, covers the impact of capital controls on investors amid fiscal dominance. Key topics include the implications of market structure legislation, the importance of noncustodial developer protection, and the strategic significance of a national Bitcoin reserve. The episode also examines government stakes in tech giants like Intel and NVIDIA, and the shift from multinational to national capitalism, emphasizing AI's role as a new social architecture.