Squawk Pod
Bitcoin’s Rise & The Great One: Wayne Gretzky 11/21/24
Nov 21, 2024
NHL legend Wayne Gretzky shares his thoughts on Alex Ovechkin's impending record-breaking feat, reflecting on his legacy in hockey. Senator Cynthia Lummis passionately discusses her vision for a Bitcoin Strategic Reserve and the cryptocurrency’s growth toward the $100,000 milestone. Jake Sherman analyzes the political landscape and potential cabinet picks for the incoming administration. The trio dives into the crossover between sports, politics, and finance, revealing insights that are sure to excite fans and investors alike.
38:04
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Quick takeaways
- Wayne Gretzky celebrates the evolution of hockey, emphasizing the importance of fostering new talent and engaging fans in the sport.
- Bitcoin's rise is bolstered by political support, with Senator Lummis advocating for a strategic reserve to enhance its legitimacy and utility.
Deep dives
Bitcoin's Surge Towards $100,000
Bitcoin is nearing the $100,000 mark, having increased significantly since recent political changes. The cryptocurrency has now topped $97,000, reflecting a 40% rise since Donald Trump's election. The potential recognition of Bitcoin as a commodity is gaining traction, with Republican Senator Cynthia Lummis advocating for a strategic Bitcoin reserve to reinforce the U.S. dollar and combat national debt. This proposed reserve would reportedly not require new government funding, suggesting the use of existing federal reserve assets instead.
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