Episode Details

 02nd Dec: Blockchain DXB Podcast
🔴 President Trump's BRICS stance may boost BTC 🔴 UK pension scheme invests in BTC ❗ Ripple's market cap + RLUSD launch🚀 Tron Founder eats $6.24M banana🍌
🔴President-elect Donald Trump asserted via X/ Twitter that BRICS countries must commit to not creating or supporting a currency to replace the U.S. dollar. It warns of 100% tariffs and losing access to the U.S. economy if they attempt to challenge the dollar's dominance in international trade. His tweet here https://bit.ly/3B32WaN
🔸 Check out today's Blockchain DXB episode for today we share our commentary on this
- How will this impact the $USA
- How will BRICS nations react
- How will this impact Bitcoin?
🟠 UK Pension Scheme Becomes Country's First to Invest in Bitcoin: "Genius" or "Deeply Irresponsible"?
🔸 Earlier in November, a pension scheme allocated 3% of its assets to Bitcoin, aiming to diversify and leverage cryptocurrency's unique risk-return potential. While advisers like Cartwright called it a strategic move, critics argued it was reckless, likening it to gambling with retirees' futures. Experts warned of Bitcoin's volatility and lack of intrinsic value. However, since the decision, Bitcoin's price has nearly doubled, highlighting both the significant rewards and risks of the allocation.
👀 In today's episode, we discuss two sides:
- Why This Is A "Genius" Move
- Why This Is "Deeply Irresponsible" Move
XRP's market capitalization surpassed $100 billion as its price surged to $1.92, levels not seen since 2018. This marks 30% gains over the past week and nearly 300% over 30 days.
🟢 The rally was driven by reports that Ripple’s RLUSD stablecoin is close to regulatory approval, with a potential launch date of December 4. Investor confidence was further bolstered by Republican election wins, speculation about an XRP ETF, and record-breaking futures activity, with over 2 billion tokens in open interest. With bulls targeting the $2 mark, XRP's resurgence signals renewed strength and optimism in the market.
🚨 H.E. Justin Sun, founder of the Tron blockchain, has eaten a $6.24 million banana he purchased at an art auction. The banana was part of a duct-taped artwork called "Comedian" by Maurizio Cattelan. Video here https://bit.ly/4eTL003
🟠 Two UAE news (See slides)
⚡ American University in Dubai launches Master of Science in Artificial Intelligence
⚡ DMCC (Dubai Multi Commodities Centre) builds Web3, AI connectivity with Vietnam to unlock $20bln trade potential

For slides click here: https://shorturl.at/lB01E

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