#Rumble Buys Bitcoin for the First Time#

Rumble, a video streaming platform backed by Tether and closely associated with Trump World, recently announced its first purchase of Bitcoin and plans to continue buying in the future. Chris Pavlovski, the company's CEO, stated on social media platform X that the Bitcoin purchase is part of its financial strategy and said, "This won't be the last time." It is reported that Rumble plans to buy up to $20 million worth of Bitcoin. This move is interpreted as Rumble's endorsement of cryptocurrency and its investment strategy for future digital assets. Some analysts believe that Rumble's move could signal that more publicly traded companies will start buying Bitcoin, especially after Trump takes office and controls the Securities and Exchange Commission. Rumble's move has also sparked discussions about the role of cryptocurrency in the future financial system and its potential challenges to the traditional financial system.