Hindenburg research announced they are launching a bounty programme to get information on tether. And they've offered up one million dollars. The short selling research firm tweeted the following, we have doubts about the legitimacy of tether. They initially claimed it was a stable coin, as you know, and that it was one to one backed by the us Dollar. However, then tether admitted that the coin was only backed by a small, tiny mount of cash and tradicial currency. A significant amount of the backing consisted of holdings of commercial paper, which are loans. But tether has a 70 billion dollar market cap. That's kind of, i think, going sideways. Its it stopped rowing, which
First, Jason reacts to CNBC's Paul Tudor Jones interview, where PTJ warned about inflation and called Bitcoin (and crypto) a better hedge than gold (2:10). Then, Jason covers the new Bitcoin ETF and Hindenburg putting a bounty out for information on Tether (21:34). We wrap with episode three of the Startup Checklist, where Jason covers "Finding and Delighting Customers" in points 21-30 (34:41).