{"id":143342,"date":"2024-11-26T20:00:02","date_gmt":"2024-11-26T18:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143342"},"modified":"2024-11-26T16:15:22","modified_gmt":"2024-11-26T14:15:22","slug":"youtube-competitor-allocates-20-million-to-bitcoin-btc","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/youtube-competitor-allocates-20-million-to-bitcoin-btc\/","title":{"rendered":"YouTube Competitor Allocates $20 Million to Bitcoin (BTC)"},"content":{"rendered":"<p>The latest to join this trend is Rumble, a video-sharing platform and cloud services provider, which has <strong><a href=\"https:\/\/corp.rumble.com\/blog\/rumble-announces-bitcoin-treasury-strategy\/\">committed<\/a> <\/strong>to allocating up to $20 million of its corporate reserves to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>.<\/p>\n<p>In an official statement, Rumble explained that this decision is part of its broader strategy to diversify its treasury. The company highlighted Bitcoin\u2019s appeal as a safeguard against inflation, especially given the increasing institutional interest and the moderate regulatory environment surrounding cryptocurrencies. Rumble emphasized that Bitcoin\u2019s potential to protect against inflation, thanks to its fixed supply, makes it a strategic asset for the company.<\/p>\n<p>Rumble\u2019s CEO, Chris Pavlovski, expressed confidence in Bitcoin\u2019s long-term potential, noting that the growing institutional adoption and the U.S. government\u2019s crypto-friendly stance under the newly elected administration were key factors driving the company\u2019s decision. Pavlovski added that Bitcoin\u2019s resilience to inflation, unlike fiat currencies, further supports its role in Rumble\u2019s treasury diversification efforts. The company also sees this move as an opportunity to strengthen its relationship with the crypto community and enhance its position as a leading platform for crypto-related content and services.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/binance-founder-criticizes-ongoing-memecoin-craze\/\" title=\"Binance Founder Criticizes Ongoing Memecoin Craze\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2202-5d0134f186ad1-240x170.\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Binance Founder Criticizes Ongoing Memecoin Craze<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Paul Waterman from GSB Wealth echoed caution regarding cryptocurrencies&#8217; role in financial planning. While digital assets continue to attract interest, Waterman noted that their volatile nature and the evolving regulatory landscape make them a risky investment for long-term wealth strategies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As institutional interest in Bitcoin continues to grow, more major corporations are following suit and announcing their Bitcoin investment plans.ntinues to expand.<\/p>\n","protected":false},"author":9,"featured_media":103662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-143342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>YouTube Competitor Allocates $20 Million to 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