Digital Currents ABCD Roundup: A Quantum Leap for Google? Plus BTC on Corporate Balance Sheets
Dec 12, 2024
Discover Google's revolutionary quantum chip, Willow, and its vast potential for the future of computing. Dive into Riot Platforms’ massive Bitcoin investment strategy and the hurdles faced by corporations in adopting Bitcoin. Explore Tether's newfound approval in Abu Dhabi and how current interest rates are reshaping the crypto landscape. The discussion also highlights the shifting dynamics between centralized and decentralized exchanges, revealing market trends that are transforming the financial ecosystem.
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Episode notes
Reframing Bitcoin Price
- Refer to 100,000 as 0.1 million Bitcoin to make it sound less intimidating.
- This reframing emphasizes the network value rather than the absolute price.
Corporate Bitcoin Exposure
- Companies should have some Bitcoin exposure to fulfill their fiduciary duty.
- Government Bitcoin adoption will trigger corporate FOMO.
Riot's Bitcoin Strategy
- Riot Platforms issued a convertible note to fund Bitcoin mining infrastructure.
- This strategy could be attractive to investors aligned with Riot's vision.