Ep 10. Big week! Bitcoin Bank DeFi ETF

Each week, I cover the &#8220;so what?&#8221; of 5 crypto news stories in about 5 minutes. <br/><br/>What a week! In the past 5 days, crypto news has been on freaking overdrive. But I&#8217;ve filtered and done some research so let&#8217;s go. <br/><br/>What do Tesla, BNY Mellon, and MasterCard have in common?<br/><br/>This week, they all made major commitments to digital currency <br/><br/>The big news this week was Tesla invested $1.5B into bitcoin; the car company is open to selling cars for bitcoin<br/><br/>BNY Mellon, one of the oldest banks in the US; random fact it was founded by Alexander Hamilton and Aaron Burr, is going to custody cryptocurrency later this year<br/><br/>MasterCard is going to support digital currency payments, likely via stablecoins<br/><br/>So what?<br/><br/>So you are gonna buy a Tesla with 2 bitcoin? I don&#8217;t think so. Maybe if you are a bitcoin OG with tons of coins just lying around. But if you a mere mortal with more humble assets, you are probably better off #HODLing<br/><br/>Much of the Twitter hype focused on Tesla but lets be real, Tesla is a disruptor, are we really surprised? Now BNY Mellon is said to be a very conservative bank. They also do business with a lot of traditional banks who will be watching and learning from their experience. <br/><br/>I think stablecoins are poised to play a bigger role as a medium of exchange. Gaming, trade and remittances are key use cases. I think MasterCard is taking a path that makes sense for their business and frankly more palatable to risk averse banks. <br/><br/>First bitcoin ETF in North America is approved<br/><br/>Canadian regulators approved the first exchange traded fund (ETF) that will track the price of bitcoin<br/><br/>Remember that, ETFs can be bought and sold like stocks on apps like Robinhood and Fidelity<br/><br/>So what?<br/><br/>This is important because ETFs would give retail investors an easy path to bitcoin exposure without having to create new crypto exchange accounts<br/><br/>ETFs tend to be winner take all. For