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    Rumble plans up to $20 million investment in Bitcoin, CEO cites cryptocurrency acceptance and inflation resistance as key factors

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    30s Summary

    Rumble, a YouTube competitor, plans to invest up to $20 million in Bitcoin, depending on market conditions. CEO Chris Pavlovski cites growing acceptance of cryptocurrency and Bitcoin’s inflation-proof nature as motivations. The strategy may be modified or discontinued depending on various factors.

    Full Article

    Rumble, an alternative to YouTube, is the latest name to join the Bitcoin game. The company has hinted on social media that it plans to invest some of its extra cash in Bitcoin.

    Rumble has said that it will put up to a whopping $20 million into Bitcoin. The decision was made by the directors of the company and it will depend on a few factors. These will include what the current Bitcoin market and price are doing.

    Rumble’s boss, Chris Pavlovski, has highlighted that Bitcoin’s popularity is growing. He believes that Bitcoin has become more widely accepted due to recent changes in the US administration and its more welcoming stance toward cryptocurrencies.

    Pavlovski also pointed out a unique benefit of investing in Bitcoin. Unlike regular money issued by governments, Bitcoin can’t be constantly produced. This makes it a good investment to help guard against inflation, thus a valuable addition to Rumble’s reserve funds.

    The company has made it clear that this Bitcoin strategy could be changed or stopped, depending on various factors.

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