#877 The $10 Billion Bitcoin Bet On Stablecoins

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 22 March 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is a little different than the usual podcast format. There is no guest. Instead, I will share a couple of thoughts I have around a specific topic. Today I discuss Terra and USTs plans to back their stablecoins with Bitcoin. ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry’s leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp ======================= The Pod Pro Cover by Eight Sleep is the most advanced solution on the market for thermoregulation. It pairs dynamic cooling and heating with biometric tracking. Go to https://www.eightsleep.com/Pomp to check out the Pod Pro Cover and save $150 at checkout. Eight Sleep currently ships within the USA, Canada, and the UK. ======================= The world's 2nd largest crypto exchange, OKEx, has dropped the "E" to become OKX, reflecting its evolution from a traditional crypto exchange to a comprehensive, cross-platform crypto services provider. With OKX's decentralized platform and Web3 wallet, MetaX, you have full custody over your crypto. Explore DeFi, NFTs and play-to-earning gaming with the world's most powerful crypto exchange. Visit OKX.com to learn more. =======================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to
0:07.1	the Pomp podcast, simply the best podcast out there. Now let's kick this thing off. Today's episode is about a
0:13.1	$10 billion Bitcoin bet on stable coins. We dive into Terra and UST's plans to back their
0:19.5	stablecoin with Bitcoin.
0:21.4	I really hope that you enjoyed this episode, but before we get into it, I want to first tell
0:25.4	you about our sponsors.
0:26.7	First up is Elmax Digital, the number one institutional crypto exchange.
0:30.6	They offer clients the deepest pool of crypto liquidity on the planet, underscored by 100%
0:34.7	uptime track record through volatility spikes.
0:37.5	They leverage LMAX groups liquidity, and ultra-low latency technology.
0:42.1	Elmax Digital is the market-leading solution for institutional crypto trading and custodial services.
0:47.2	If you've never heard of LMAX Digital, it's probably because you are not an institution.
0:51.0	They have no retail, only institutions.
0:53.4	They feature a central limit order book
0:55.5	streaming spot Bitcoin, Ether, Lightcoin, and Bitcoin Cash, all paired with US dollars, Euro,
1:00.6	and yen. LMAX Digital, they're secure, they're liquid, and they're trusted. Learn more at
1:06.1	elmaxdigital.com slash pomp. Again, elmaxdigital.com slash pomp. This episode is brought to you by 8Sleep.
1:15.0	8Sleep is the single best product that I have purchased over the last three years. It completely
1:19.6	changed my life. I'm not joking. Pay attention. The Pod Pro cover, which goes over your mattress by
1:25.3	8Sleep, is the most advanced solution on the market for
1:27.9	thermal regulation it pairs dynamic cooling and heating with biometric tracking you can go to 8Sleep
1:33.5	dot com slash pomp to check out the pod pro cover and you save $150 at checkout they currently ship
	...

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