On The Brink with Castle Island
Weekly Roundup 01/26/24 (GBTC chaos, BBerg’s stable coverage, Listener questions) (EP.501)
Jan 26, 2024
In this episode, the hosts discuss the rocky launch of ETFs with GBTC premium trade closing, Bitwise's real-time transparency for their ETF holdings, fraud in the metals market versus Bitcoin, and Nic's spat with Bloomberg. They also talk about the US selling $130m of BTC seized from the Silk Road, TFL declaring bankruptcy, and answer listener questions. Content mentioned includes Bloomberg and 20% stablecoin yields. The chapters cover financial events, reflections on their 500th episode, investments in the cryptocurrency industry, recent podcast interviews, opportunities for 24-year-olds in the crypto industry, the future of stablecoins, and excitement for hardware wallets.
45:36
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Quick takeaways
- Stablecoins have varied revenue models and innovative forms, like interest-bearing stablecoins, are gaining traction in the crypto market.
- The development of hardware wallets, including compact and user-friendly forms like NFC-enabled pucks, enhances security and control over digital assets in the blockchain space.
Deep dives
The Importance of Stablecoins and Their Revenue Models
Stablecoins play a crucial role in the crypto market, providing stability and inclusiveness. The revenue models associated with stablecoins vary, but they typically involve AUM-based revenue, like asset management fees, trading fees, subscriptions, or enterprise software revenue. However, some innovative models, like interest-bearing stablecoins, are gaining traction. While fully backed stablecoins seem to be the dominant choice due to their simplicity and safety, there may be room for other types of stablecoins as well.
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