Rumble Buys Bitcoin: CEO Says “This Won’t Be the Last” 🚀

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In a world where streaming platforms battle for supremacy, Rumble, the plucky underdog to YouTube, has decided to spice things up by diving headfirst into the murky waters of cryptocurrency. Yes, dear reader, Rumble has purchased Bitcoin. The CEO, Chris Pavlovski, announced this groundbreaking move on X, formerly known as Twitter, because where else would one announce such things? 🐦

On January 17, Rumble made its first Bitcoin purchase, and Pavlovski, with the confidence of a man who has just discovered a new flavor of borscht, declared that this would “not be the last.” The exact amount of Bitcoin purchased remains a mystery, much like the plot of a Chekhov play. But one thing is clear: Rumble is now part of the growing trend of corporations hoarding Bitcoin like squirrels preparing for winter. 🐿️

This bold move was foreshadowed in November 2024, when Pavlovski conducted a poll on X, asking users whether Rumble should add Bitcoin to its balance sheet. Over 39,000 people participated, with the majority voting in favor. Even Michael Saylor, the Bitcoin evangelist and CEO of MicroStrategy, chimed in, offering to explain “why and how” Bitcoin could benefit Rumble. One imagines this conversation involved a lot of hand gestures and perhaps a PowerPoint presentation. 📊

By December 2024, Rumble had set aside $20 million for its Bitcoin treasury strategy. Pavlovski described Bitcoin as a “valuable tool for strategic planning,” which is corporate speak for “we’re not entirely sure what we’re doing, but it sounds impressive.” Interestingly, Rumble’s stock (RUM) closed 5.31% higher on Friday, proving that sometimes, even the stock market enjoys a good gamble. 🎲

Rumble's Bitcoin Purchase Announcement

As for Bitcoin itself, 2024 was a banner year, with the SEC approving spot BTC ETFs and companies flocking to add Bitcoin to their treasuries. But 2025 promises to be even more exciting, especially with the election of Donald Trump, a man who once tweeted about Bitcoin while eating a Big Mac. Speculation is rife that Trump might create a US Bitcoin strategic reserve, which would be the financial equivalent of putting a gold-plated hat on a bald eagle. 🦅

Fidelity Digital Assets predicts that nation-state adoption of Bitcoin will drive its growth in 2025, while Standard Chartered boldly claims that Bitcoin could reach $200,000 by the end of the year. Of course, these predictions come with the usual caveat: global macroeconomic policies could throw a wrench in the works. At the time of writing, Bitcoin is trading at $107,608, up 1.6% in the past 24 hours. Not bad for a digital asset that started as a joke. 😅

Bitcoin Price Chart

So, there you have it. Rumble, the streaming platform that could, has taken its first step into the world of Bitcoin. Whether this is the beginning of a beautiful friendship or a cautionary tale remains to be seen. But one thing is certain: in the world of cryptocurrency, the only constant is chaos. 🌪️

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2025-01-21 12:41