🏠 "The Current Regime Will Kill Bitcoin" - DeSantis
But will he?
Gm. To Bitcoin or not to Bitcoin, that is the question.
The Crypto Election
Florida Governor Ron DeSantis’s Twitter Space to announce his campaign for President accomplished two things:
Let us know that Twitter Spaces can only handle 500,000 people at a time, which we guess could be important if you’re a niche internet celebrity.
Confirmed that DeSantis at least knows what crypto is.
Specifically, DeSantis said that “the current regime, clearly, has it out for Bitcoin, and if it continues for another four years, they’ll probably end up killing it”. Of course, the implication is that under Ron’s watchful eye everybody would be able to “do Bitcoin”, whatever that means.
Now, you might be asking yourself, “why is a presidential candidate talking about Bitcoin”. Well, it turns out that crypto has become kind of a…dare I say it…major issue?:
Combine that with the ever-present question of regulation and the non-stop attacks by Senator Warren, and it’s clear that crypto no longer exists on the margins.
The Big Picture: This election will likely determine the future of crypto in America.
It’s (Still) Self-Driving Cars SZN
Self-driving cars have been in the works for almost a decade now. Back in those sweet Summer days, it was predicted that autonomous vehicles would dominate the roads by 2021.
That obviously didn’t happen.
As we covered last year, the self-driving car industry is not doing too hot:
But, even with all these setbacks, the dream still isn’t dead yet. Google-backed Waymo and GM-backed Cruise are still fighting the good fight:
Waymo already offers driverless taxis in Pheonix, and they are preparing to expand to Los Angeles with the goal of 100,000 weekly trips by 2024.
Cruise does the same in San Fransisco, and they just announced plans to expand to Dallas and Houston.
However, the fight is still far from over:
Robotaxis still can’t safely go on the freeway, slowing down rides.
They also still have trouble interacting with police officers and firefighters.
Neither company is profitable yet, a slight problem considering these companies cost an ungodly amount of money.
The Bottom Line: Both companies are burning through billions of dollars. If they don’t get to profitability soon, the self-driving fighters might be out cold soon.
What else is going on?
Stat: 50%: A new lung cancer pill cuts the risk of death in half. Pretty exciting stuff.
Rabbit hole: Big Tech’s Biggest Bets (Matthew Ball)
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