Olga Karif
๐ค SpeakerAppearances Over Time
Podcast Appearances
So, like you said, the Winklevoss twins that founded Gemini, they have been very strong supporters of President Trump.
And a lot of crypto companies went public this year.
as we've seen sort of deregulation and a more favorable regulatory environment towards the industry.
But the fact of the matter is that the company, Gemini, is unprofitable.
And some analysts basically don't expect it to become profitable until two or three years from now.
And what we've seen this quarter is that the losses widen partially because of this
IPO related expenses and marketing expenses.
But people are wondering sort of what about profitability?
When is that going to come?
And then they also have other businesses such as their credit cards have actually been on a roll and they've been able to grab a lot of new users through credit cards that essentially allow you to earn crypto rewards as you spend money.
Single day 11.11 is huge.
We have a strong presence on online platform and we have a strong focus on Gen Z. I know Singles Day had another few more weeks to go, but so far the result has been very, very encouraging.