This podcast covers topics such as Grayscale's court victory over the SEC, delays in Spot Bitcoin ETF applications by regulators, sealed documents filed against Binance by the SEC, and the plummeting affordability of homes in the US. The podcast also discusses the global distribution of Bitcoin mining and the attractiveness of Bitcoin as a savings option amid the US home affordability crisis.
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Quick takeaways
Grayscale's court victory over the SEC increases the likelihood of a spot Bitcoin ETF hitting the market, calling out the SEC for arbitrary and capricious decision-making.
US home affordability is plummeting, with mortgage rates at a 25-year high, pushing people towards bitcoin as a form of digital property and savings.
Deep dives
Grayscale wins battle against SEC
The U.S. Court of Appeals ruled in favor of Grayscale in its fight against the SEC, regarding the conversion of the Grayscale Bitcoin Trust into a Bitcoin spot ETF. The court called out the SEC for arbitrary and capricious decision-making, increasing the likelihood of a spot Bitcoin ETF hitting the market. The SEC has 45 days to challenge the ruling, but a spot Bitcoin ETF approval would be a significant milestone for the industry.
Bitcoin hashrate and US home affordability
Bitcoin's hashrate surpassed 400 exahash per second, fueled by miners outside the United States. Countries like Oman, Bhutan, and El Salvador are investing in Bitcoin mining, using stranded resources to mine and stabilize their electrical grids. Meanwhile, US home affordability is plummeting, with mortgage rates at a 25-year high and the average homeowner spending 40% of their income on mortgage payments. Real estate ownership is increasingly out of reach, pushing people towards bitcoin as a form of digital property and savings.
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This podcast is for educational purposes and should not be construed as official investment advice.
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