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And that i don’t wanna like completely let him off the hook as a result of what he mentioned in his quote, and likewise by like tweeting about this, tweeting his tattoo. And he’s also develop into just like the craziest bitcoin maximalist on the market who, these are the guys who are like the, the priests of the Bitcoin church. Un unbelievable. So, so one of the, my favorite stories from this period was the Tara Luna stable coin situation and a, a reasonably effectively regarded hedge fund supervisor, Mike Novogratz. Wow. Them. Now what I’ve realized extra not too long ago is that a number of that got here because there was really within the, in the course of the crypto growth, there was demand for, there was so much demand for Tether that on exchanges like FTX that always traded barely above a dollar. Positive. So he’d referred to as, there were a lot of reporters there on the convention and he had this sort sort of press convention at the beginning, but it appeared like, I mean the only thing he wished to speak his, he just saved speaking about how good he regarded and the way dangerous Sam Bankman freed seemed. Hilarious. And we had, we had a a, we spent hours talking in the casino, me and jail and had a dialog another a lot dialog that was very humorous. Vanderbilt’s right here. And i see this tall Dutch guy with silver hair, type of a funny scar on his nostril. Right. However then lastly Shain is like, get over here.

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He’s gotta be, is all the way down to him and Justin’s son from the Tron blockchain, each of whom show a notable reluctance to enter US soil. I gotta bail myself out. He, he purchased, when things had been low, he saw, I don’t, I’m not gonna suggest he high ticked it, however he definitely cashed a good quantity out proper before the most recent collapse. Hey, if we ever get prosecuted for stealing cash, we could at all times say, oh no, that was a danger we disclosed upfront. The corporate could go bankrupt, financial institution holdings might lose money, the federal government could confiscate its assets and then you definitely notice what seems like a danger disclosure red flag or we might abscond with the reserve funds. And so Tether was sitting on this enormous pile of cash, however, and that they had incentive to place it at risk, proper. So, you recognize, I don’t know how typically that’s gonna occur in my journalistic profession, but, and the CEO was this guy Jean Louis Vanderbilt. Yeah. Now that you’re getting a yield, they really don’t need to do anything aside from not get hacked.

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It was like, I’m genuine, I don’t care. And John introduces me and he's like, Zeke, for those who screw this up, I’ll kill you. Either JP Morgan is lying or Celsius is lying. Let’s, let’s speak about Celsius and, and is it Alex Masinsky one other stable coin? Right. Very simply. Let’s speak about some of the opposite gamers in each crypto and, and stable coins. ’cause it was clear he was a serious player in crypto. Your age is a serious consideration, usually the fourth one. Should the partnership come to fruition, it likely won’t be a serious income driver for privately held X. Still, it could be a contributor and probably signal to other mainstream, consumer-facing firms that it’s alright to advertise on the social media platform. Advertising revenue has plunged as much as 60% (in line with Musk himself), amid ongoing concerns about hate speech and misinformation - which has included Musk’s thumbs-up of an antisemitic put up on X that led to an exodus of advertisers together with Disney.

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