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June 15: SpaceX, Strategy, and Why Number Keeps Going Up
Description
SpaceX officially debuted on public markets, and Matt discusses how several Daily Crypto News listeners successfully traded the IPO while asking whether the stock's long-term potential justifies its massive valuation. He also covers Strategy's latest $100 million Bitcoin purchase, Ark Invest's growing SpaceX position, and why institutional buying continues to support Bitcoin's recovery above $66,000.
The episode also explores crypto exchanges expanding into tokenized stocks and commodities, the Fed's upcoming rate decision under new Chair Kevin Warsh, Japan's expected rate hike, and the SEC's latest efforts to create exemptions for tokenized securities. Finally, Matt examines World Liberty Financial's USD1 stablecoin being used for UFC fighter bonuses, concerns over unrealized gains taxes in the Netherlands, and why crypto continues to compete with AI and SpaceX for investor attention.
Happy Hodling, Everyone.
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