Onramp Bitcoin Media The U.S. Shutdown, Stimmies & Bitcoin’s Next Move
Nov 10, 2025
The discussion kicks off with the potential economic fallout from a government shutdown and its impact on consumer liquidity. They dive into disruptions in EBT and SNAP benefits, affecting low-income households. Ledger's IPO plans spark debates on hardware wallet utility, while Ripple’s recent $40 billion valuation raises eyebrows. Enhancements in payment systems reveal a push for Bitcoin adoption by merchants, alongside Coinbase's new token launch platform. The hosts also explore hedge funds' crypto strategies and the risks posed by DeFi exploits in an evolving market landscape.
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Adopt Multi-Institution Custody Controls
- Use multi-institution custody and quorum controls for institutional Bitcoin treasury management.
- Implement audit controls and access governance instead of trusting a single custodian.
Shutdowns Stall Markets And Move Bitcoin
- The government shutdown created market-wide uncertainty that stalled liquidity and trading activity.
- Michael Tanguma links such fiscal theater to short-term market dislocations that influence Bitcoin price movements.
Ledger IPO: Relationships Trump Hardware
- Ledger's IPO timing taps investor demand for crypto infrastructure despite uncertain product fundamentals.
- The value lies in user relationships and access to on-ramps rather than pure hardware margins.