Welcome back to The Breakdown with me, NLW.

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Monday, December 23rd, and today we are talking about tether flexing.

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All right, friends, how's it going?

Welcome to your very last regular episode of the breakdown of the year.

Of course, Wednesday is Christmas and then a week after that, it's New Year's.

And so in between, we'll be doing a few different things.

First of all, the way that I'm doing a big end-of-year recap is to take a step back and look at key trends that have and will define Bitcoin

and Crypto more broadly. We've set it up as three shows, The Ghosts of Bitcoin's Past,

present and future. We, of course, can't miss the chance for a Dickens reference here, and

those will start rolling out this week. We also have our end-of-year LRS, which ranks the five most important essays of the

year that will, of course, come out on Sunday. For now, though, we start this last episode of the

normal year, with tether showing some serious dynamism heading into next year. The stablecoin

giant has announced a $775 million

strategic investment in alternative video platform Rumble. That's a huge investment relative to

the size of the company, which had a market cap of around $2 billion on Friday. 250 million of

the proceeds will go on the balance sheet, which Rumble said will be used to support growth

initiatives. The remaining $525 million will be used to support growth initiatives. The remaining

...