3 sources·Business

Rumble's Bold Bitcoin Strategy amid Changing Crypto Landscape

Rumble allocates $20 million to Bitcoin, reinforcing its stance in a crypto-friendly political environment under Trump's incoming administration.

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Updated: Nov 25th, 2024, 10:16 PM ET

Summary

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Rumble, the conservative video platform, will invest up to $20 million in Bitcoin, viewing it as an inflation hedge. This move aligns with a pro-crypto stance expected under President-elect Donald Trump, boosting investor interest amid a shifting regulatory landscape. BTC has seen record ETF inflows and heightened institutional activity as traders anticipate changes in cryptocurrency classification and regulations. Firms like Prometheum face new challenges with potential regulatory shifts, while Bitcoin approaches significant price milestones, underscoring a transformative period for the crypto market.

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Rumble's Bold Bitcoin Strategy amid Changing Crypto Landscape - Pano News