On The Brink with Castle Island

Weekly Roundup 12/27/24 (Tether x Rumble, quantum threat, End of year predictions) (EP.587)

16 snips
Dec 27, 2024
Dive into Tether's bold $775 million investment in Rumble and ponder the implications of political ties in the Trump administration. Explore the queasy landscape of quantum computing's potential to disrupt Bitcoin's security. Reflect on 2025 predictions, including the state of Bitcoin reserves and innovations on the horizon. Also, enjoy light-hearted anecdotes about holiday gifts, asteroid mining, and the ever-evolving relationship between traditional finance and cryptocurrency. Buckle up for an intriguing journey ahead!
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ANECDOTE

Christmas Gifts

  • Matt and Nick discussed their Christmas experiences.
  • Nick received books and sweaters, while Matt enjoyed playing with his kids' new drone and RC car.
INSIGHT

Strategic Bitcoin Reserve

  • Nick Carter doesn't support a strategic Bitcoin reserve.
  • He believes it's politically infeasible and a potential misuse of political capital.
ANECDOTE

Tether's Rumble Investment

  • Tether invested $775 million in Rumble, a YouTube competitor.
  • This investment potentially benefits key figures in the Trump administration who are Rumble shareholders.
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