Episode Details

Weekly Roundup 07/26/24 (Bitcoin Nashville, ETH ETFs launch, Karate Combat recap) (EP.548)
7/26/2024
On The Brink with Castle Island β†—

Key Insights

Bullish:

  • 🟒 $BITCOIN - Various discussions on the potential of Bitcoin, including institutional support, regulatory changes, and market adoption.
    • β€œMarathon, of course, the Bitcoin miner, they bought a $100,000,000 worth of Bitcoin. They hold 20,000 units.” - Nic (0:00)
    • β€œNow you have Marathon, which I guess makes sense though since they're already in the Bitcoin mining space.” - Matt (0:00)
    • β€œSo the idea of having microtransactions that are dollar denominated, I think is very interesting. I think some of these highly scalable l one blockchains like Monad will play a huge role in driving stablecoin adoption on all sorts of new applications.” - Matt (0:00)
    • β€œI don't think you'll find someone that would vote against you if you were in support of this. And so I think if Harris were to come out and say, look, we're going to change the posture of the SCC, we're going to become more supportive of our regulated financial institutions actually competing in this market, we're going to take certain steps to preserve self custody. I don't think she'd lose any votes.” - Matt (0:00)
    • β€œI don't really see a downside of being supportive of this technology.” - Matt (0:00)
    • β€œI don't think she'd lose any votes. And if anything, I think she would potentially stop the flow of capital from, you know, the fundraising side into the republican side of it.” - Matt (0:00)

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