The Prof G Pod with Scott Galloway Prof G Markets: Bitcoin’s Rally, Elon’s xAI Fundraising, and Alaska Airlines Acquires Hawaiian
19 snips
Dec 11, 2023 Explore the resurgence of Bitcoin, driven by ETF buzz and major endorsements. Dive into the complexities of Alaska Airlines acquiring Hawaiian Airlines and its implications for the industry. Unravel Elon Musk's urgent quest for $1 billion for his AI venture, raising questions about competition with Tesla. Plus, discuss the evolving landscape of AI technology, including Google's latest advancements and the challenges of corporate claims in this dynamic market.
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Bitcoin ETF Impact
- Bitcoin's price surge is driven by the potential SEC approval of a direct Bitcoin ETF, not fundamental changes.
- This easier access via established platforms and implied credibility are fueling speculation, similar to past endorsements.
Scott's FTX Claims
- Scott Galloway bought FTX claims at a discounted price, anticipating a 77% recovery based on asset analysis.
- He's holding onto them, projecting over 100% recovery due to Bitcoin's price surge and other assets.
The Misplaced Gold
- Scott Galloway inherited gold coins from a friend but misplaced them in furniture given to another friend.
- The coins ended up being worn to school by the friend's son, who thought they made him look like a rapper.