5min chapter

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Zoom earnings, SaaS burnout, Amazon's $10B Alexa loss + FTX contagion with Sunny Madra | E1619

This Week in Startups

CHAPTER

DCG

The grayscale trust is the first publicly listed vehicle where people were able to buy Bitcoin through their traditional brokerages. It also has 635 or 640,000 Bitcoin but instead of holding them themselves, they use the most trusted name in exchanges: coin base. Do they end up unwinding that? And does that end up pushing out those 600,000 Bitcoin into the ecosystem and further impact the price of Bitcoin? That's a real question everyone is kind of wondering right now what ends up happening with this asset.

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