Not Investment Advice 205: Crypto Strategic Reserve, Skype Shutting Down, Oscars & Mixue $14B IPO
Mar 4, 2025
The discussion kicks off with the concept of a U.S. crypto strategic reserve aimed at shielding the industry from government oversight. The conversation shifts to the nostalgic implications of Skype's shutdown, contrasting it with modern communication platforms. They delve into the Oscars' dwindling relevance, examining its shifting audience and cultural impact. Finally, the buzz around Mixue's impressive $14 billion IPO highlights the evolving landscape of fast food and its competition with giants like McDonald's, showcasing the intersection of pop culture and business.
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Trump's Crypto Reserve Announcement
- Trump announced a US Crypto Strategic Reserve on Truth Social.
- The initial post mentioned XRP, Solana, and Cardano, causing confusion, but he later clarified Bitcoin and Ethereum would be the core.
Crypto Reserve Strategy
- Focus on Bitcoin for a crypto reserve due to its simplicity and status as a potential gold successor.
- A market-cap-weighted index can offer unbiased diversification if broader crypto inclusion is desired.
Bitcoin Reserve: Pros and Cons
- A Bitcoin reserve could offer fiscal and monetary discipline, potentially reducing national debt.
- However, it risks weakening the US dollar and faces security threats inherent to crypto.