TLDR Where We Are in the Crypto Story
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Jun 18, 2025 Rudy Adler, cofounder of Wealthsimple and a passionate crypto enthusiast, joins the conversation to explore the evolving landscape of cryptocurrency. The discussion highlights Bitcoin's rising status as a safe haven asset and the impact of recent U.S. Senate regulations on the crypto market. Adler also reflects on the role of stablecoins in global transactions. Additionally, the hosts tackle rising veterinary costs for pet care and the fierce competition for lucrative finance internships, sharing amusing anecdotes from their own experiences.
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Rudy's Early Bitcoin Purchase
- Rudy Adler bought about three Bitcoins at around $80 each in 2013 after learning about it from a startup employee.
- He was intrigued by Bitcoin solving the double spend problem enabling digital money ownership transfer.
Different Views on Bitcoin
- Investors often view Bitcoin as an investment, while technologists see it as a groundbreaking technology.
- Regulatory hurdles slow crypto's banking integration, but its technological breakthrough is inevitable.
Stablecoins' Growing Role
- Stablecoins are pegged digital currencies offering fast, global, low-cost payments and increasingly surpass traditional card transaction volumes.
- Major companies like Stripe, Amazon, Walmart, and Shopify are exploring or adopting stablecoins to reduce credit card fees.