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Decentral Lens: Your Weekly Crypto News Distilled & Chilled | 8/14/24
Manage episode 434242601 series 3515682
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This week's episode kicks off with a rundown of the recent Rune revival, focusing on updates from the RSIC team and the fervent community support. Blutoshi and Disco delve into how this can impact the Rune ecosystem, Bitcoin, and the broader crypto space.
The conversation pivots to emphasize the growing trend of macro adoption for Bitcoin. Goldman Sachs' reported purchase of nearly half a billion USD in various Bitcoin ETFs is discussed, indicating a shift in their view on digital assets. Russia's recent decision to allow Bitcoin mining, Wisconsin's pension fund investing more in Bitcoin, and Marathon Digital's raise to acquire more Bitcoin are also highlighted.
An analyst's recent post suggesting that without inflows from newly approved ETFs, Bitcoin's price could be closer to $20,000 than its current $60,000 is debated. Although adoption news is encouraging, the hosts note that retail investors they encounter in real life still seem uninterested in Bitcoin – yet there are now over 1 million wallet addresses holding at least one full Bitcoin.
The show transitions to political discussion, starting with a report from Paradigm's policy labs highlighting Democrats' views on crypto. The findings reveal that crypto is not solely a Republican issue, as Democrats share similar concerns about access and privacy. Crypto4harris hosts an event tonight, with Chuck Schumer added to the list of speakers, raising hopes for Democratic action on crypto legislation ahead of their convention next week.
The episode concludes by discussing Telegram game Hamster Kombat's success, attracting over 200 million users and 50 million subscribers without accepting VC funding. The update also covers El Salvador's Bitcoin City plans, including a $1.6 billion investment from a Turkish firm, and Marathon Digital's "Made in the USA" Bitcoin branding efforts.
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Chapters
1. Introduction (00:00:00)
2. Rune Revival RSIC Return (00:00:49)
3. Inevitable Adoption - Goldman Sachs - Russia (00:16:04)
4. ETFs Impact on Price (00:21:13)
5. Over I Million Addresses Hold One Bitcon or more (00:28:50)
6. Paradigm Research Report Dems and Crypto (00:36:57)
7. Trump Spaces - Polymarket (00:42:16)
8. Hamster Kombat Success and Anti VC Stance (00:49:26)
9. El Salvador's Bitcoin City Update (00:52:45)
10. Disclaimer and Sign Off (01:02:45)
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