Latest / The Paul Barron Crypto Show / Microsoft Chooses Ethereum Over Bitcoin✅

Transcript

Microsoft Chooses Ethereum Over Bitcoin✅ · The Paul Barron Crypto Show

• 0:06
  Speaker 1: We'll break it all down for you. My name is
• 0:07
  Speaker 1: Paul Baron. Welcome back in a tech path. I want
• 0:09
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• 0:55
  Speaker 1: a couple of points because I want to get into
• 0:56
  Speaker 1: some of the detail here around this whole issue with
• 0:59
  Speaker 1: bitcoin falling. Everybody worried about Microsoft not selecting bitcoin to
• 1:04
  Speaker 1: put on their balance sheet. Well, of course that did occur,
• 1:07
  Speaker 1: and bitcoin did take a little bit of a hit
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  Speaker 1: down under ninety five K. Couple of things that you
• 1:12
  Speaker 1: have to look at when you consider what is going
• 1:15
  Speaker 1: on with bitcoin right now. This of course is happening
• 1:19
  Speaker 1: over in Abu Dhabi, and this is really getting into
• 1:23
  Speaker 1: kind of the flow of how the rest of the
• 1:26
  Speaker 1: world is looking at digital assets. When you think about that,
• 1:30
  Speaker 1: you have to consider this right here. Tether's USDT is
• 1:35
  Speaker 1: now accepted as a virtual asset in Abu Dhabi's global market,
• 1:39
  Speaker 1: so interestingly enough that they were hosting that event, the
• 1:43
  Speaker 1: Bitcoin event in Abudabi, while this is actually occurring in
• 1:46
  Speaker 1: their global market, which is of course USDT on three
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  Speaker 1: major blockchains Ethereum, Salona, and Avalanche. That is why I
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  Speaker 1: think we're going to see more and more corporations and
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  Speaker 1: more companies starting to flow into THEEUM. One of the
• 2:01
  Speaker 1: things you have to consider is Microsoft doesn't do things
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  Speaker 1: without almost like the Asians ten year Plan, fifty year plan.
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  Speaker 1: They're looking at how does technology start to advance forward,
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  Speaker 1: so they're very cautious. I was actually an engineer there,
• 2:17
  Speaker 1: ran a retail division there at Microsoft, and one of
• 2:20
  Speaker 1: the things that we did at that time was we
• 2:23
  Speaker 1: were usually four or five years out in terms of
• 2:26
  Speaker 1: just our supply chain, so everything is done way in advance.
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  Speaker 1: They're looking for ways to start to integrate this, and
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  Speaker 1: I think this is what's showing up on some of
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  Speaker 1: our own research. If you look back into twenty seventeen.
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  Speaker 1: This is from twenty seventeen, Microsoft joining the Blockchain Innovators
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  Speaker 1: and Enterprise Ethereum Alliance, and you can kind of see
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  Speaker 1: some of the companies in there. I'll zoom in on
• 2:47
  Speaker 1: that right there, Ceme, JP, Morgan, Monacs in their stand
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  Speaker 1: tender tenderments in there, and of course I in G etc.
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  Speaker 1: Point being is that all of this was happening right
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  Speaker 1: there March of twenty six seventeen. Okay, another thing, when
• 3:02
  Speaker 1: you go back in to look at the history of Microsoft,
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  Speaker 1: you have to go back to the Ethereum Foundation. This
• 3:06
  Speaker 1: was a video that was done five years ago. Okay,
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  Speaker 1: hardly no views on this video, by the way, but
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  Speaker 1: you'll notice something in here if you zoom in right there,
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  Speaker 1: a Zoo blockchain service. So the idea is that blockchain
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  Speaker 1: eventually would make its way into the enterprise, and I
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  Speaker 1: think that is really the sweet spot for Microsoft. And
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  Speaker 1: this I think is of course leaning into what has
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  Speaker 1: happening with Ethereum. I want to go to a clip
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  Speaker 1: real quick because this will be a little bit more current,
• 3:35
  Speaker 1: it's only three weeks ago, and it will explain why
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  Speaker 1: Microsoft could be choosing eth as the track. Take a
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  Speaker 1: look again.
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  Speaker 2: I'm Karen Scarborough. I lead the Enterprise Ethereum Alliance as
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  Speaker 2: executive director right now, and in my day job I
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  Speaker 2: work for Microsoft, so I have a very good hand
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  Speaker 2: on how some of the largest enterprises are viewing THEEUM today.
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  Speaker 2: We were actually an organization started way back in twenty
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  Speaker 2: seventeen and Ethereum actually put together the largest consorts of
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  Speaker 2: companies to be able to start acting on that activity.
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  Speaker 2: And ultimately, our goal is to make it so clear
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  Speaker 2: for business that whenever they choose to do business in
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  Speaker 2: Web three, Ethereum and the Layer two ecosystem is the
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  Speaker 2: very clear choice that they choose to go with. Now
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  Speaker 2: it is one hundred percent public Ethereum based. That is
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  Speaker 2: our recommendation and our strong point of view to the
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  Speaker 2: enterprise ecosystem is to choose public ethereum for where you
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  Speaker 2: want to build. Our membership rate is increasing at a
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  Speaker 2: all time high. At this point, we have the likes
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  Speaker 2: of Microsoft, ey JP, Morgan, sent Tandera. On the Web
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  Speaker 2: two side, we have strongly articulated points of view. We
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  Speaker 2: are not coming in with, well, maybe choose this ecosystem,
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  Speaker 2: Maybe choose that we are ethereum based and want to
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  Speaker 2: give clarity to the enterprise ecosystem to join us in
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  Speaker 2: doing that.
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  Speaker 3: What is your take on Microsoft, It's where we want
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  Speaker 3: to build.
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  Speaker 2: I'll put it that way. It's the strongest ecosystem to
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  Speaker 2: align with for the future of the technology more prolifically,
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  Speaker 2: if you look at enterprise cloud environments, Ethereum has always
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  Speaker 2: been the basis of which to build there. And that's
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  Speaker 2: really significant.
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  Speaker 4: When you say ethereum, are you're talking like just main
• 5:22
  Speaker 4: ethereum or you're trinkingtherum including later.
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  Speaker 2: We're not directing people to main neet activities, but building
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  Speaker 2: and that which has ethereum as the settlement layer of
• 5:31
  Speaker 2: the Internet.
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  Speaker 1: All right, So some other things you have to look
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  Speaker 1: at is the Microsoft marketplace, and of course Axelar also
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  Speaker 1: is residing in there as well, and the reason is
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  Speaker 1: because of the interoperability. Acxil are of course connected to
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  Speaker 1: a lot of chains out there, including Salona, Suite, Ripple, Stellar,
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  Speaker 1: et cetera, not necessarily Bitcoin. So this is again more
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  Speaker 1: indicators that could be going in the direction of being
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  Speaker 1: one of the primary focuses if you go in and
• 5:59
  Speaker 1: look at adoption, because this is one thing that Microsoft
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  Speaker 1: will also do, just like any major corporation, they're going
• 6:05
  Speaker 1: to look at where the flow of major fortune five
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  Speaker 1: hundred and also industry leaders are going. If you look
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  Speaker 1: by entities this is in twenty twenty four. These are
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  Speaker 1: the adoption of what we're seeing of course within Ethereum,
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  Speaker 1: and you'll see Aws, Adidas, Atari, Bank of China. All
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  Speaker 1: these are recognizable brands or companies that are significant in
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  Speaker 1: e commerce. Disney there you go adulce. It is unbelievable
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  Speaker 1: how much adoption we've already seen moving in the direction
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  Speaker 1: of where eth is going. So Microsoft understands that they
• 6:40
  Speaker 1: understand where this direction is going. You also have to
• 6:43
  Speaker 1: consider other companies out there that have kind of gone
• 6:46
  Speaker 1: in this direction as well. We just did a video
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  Speaker 1: with Yatsu and it was all talking about eBay joining
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  Speaker 1: Ethereum again, another major behemoth in Silicon Valley that has
• 6:56
  Speaker 1: made a major move in this direction. So maybe the
• 6:59
  Speaker 1: reason they did not choose bitcoin was because of their
• 7:02
  Speaker 1: plans and where their direction is going in terms of
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  Speaker 1: building on blockchain being in the eth ecosystem. One of
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  Speaker 1: the things to take a look at is their investment fund,
• 7:11
  Speaker 1: their venture fund, and the fact that they're going into
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  Speaker 1: Web three and gaming is already showing a good indicator
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  Speaker 1: of where they plan to go. And again, remember the
• 7:21
  Speaker 1: strategy I think for a lot of these companies, whether
• 7:24
  Speaker 1: it's a Microsoft, an Apple, and Amazon, they're making long
• 7:28
  Speaker 1: term bets around where they think the tech is going
• 7:30
  Speaker 1: to go. Now there's a lot of new things that
• 7:32
  Speaker 1: are starting to affect that AI the likelihood of what
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  Speaker 1: we'll see in some of these layer twos and also
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  Speaker 1: some of the other chains that started to rise to prominence,
• 7:41
  Speaker 1: and I think that's the direction we're leaning with where
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  Speaker 1: Microsoft is because they recognize the new evolution around all
• 7:47
  Speaker 1: of this. Now, remember we did a video back here.
• 7:50
  Speaker 1: It was a year ago, was it, Yeah? A year
• 7:53
  Speaker 1: ago we did this and this is where they were
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  Speaker 1: leaking Xbox was leaking involvement in an actual crypto wallet
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  Speaker 1: tied to the Xbox platform. Again, this just shows more
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  Speaker 1: I think density in terms of how Microsoft is looking
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  Speaker 1: at their entire business stack, whether it's enterprise, gaming, Web three, retail,
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  Speaker 1: e commerce, all that plays into Microsoft's future. So with
• 8:17
  Speaker 1: all that being said, I want to flip over to
• 8:18
  Speaker 1: a clip real quick, because this is M twelve. They're
• 8:21
  Speaker 1: venture fund and an investment they made in a company
• 8:25
  Speaker 1: and a project called Space and Time. Take a look.
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  Speaker 4: I'm twelve is Microsoft's venture fund, and we are dedicated
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  Speaker 4: to investing in the best companies and identifying new innovation
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  Speaker 4: trends ahead of the curve. For Microsoft, Space and Time
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  Speaker 4: is the leading Web three database provider. M twelve has
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  Speaker 4: been an incredible partner for us. They're great at opening doors,
• 8:45
  Speaker 4: They're great at pushing your strategy and your roadmap through
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  Speaker 4: the ecosystem. They're driving most of the enterprise adoption around
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  Speaker 4: data processing.
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  Speaker 3: Here.
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  Speaker 5: Space and Time is a blockchain for zkproven data and
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  Speaker 5: all that means is this massive database that collects every
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  Speaker 5: piece of data from every major chain, talking hundreds of
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  Speaker 5: terabytes of data, any data from ethereum, any da from
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  Speaker 5: Bitcoin Polygon, Zeke Sink, you name. It can be proven
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  Speaker 5: to clients that need it. Every AI agent that's going
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  Speaker 5: to someday transact on chain or beginning to chat on
• 9:13
  Speaker 5: transact on chain needs this data. They need context about
• 9:16
  Speaker 5: what's happening on chain.
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  Speaker 1: All right. So again, data company Microsoft one of the
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  Speaker 1: largest out there. This could be the advantage that they
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  Speaker 1: need to be able to kind of lead Silicon Valley
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  Speaker 1: out and I think you know many of these companies
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  Speaker 1: are looking for it, whether it's AI, blockchain and really
• 9:33
  Speaker 1: kind of this next evolution. So Microsoft could be on
• 9:35
  Speaker 1: the precipice of something very special around the ecosystem. Last
• 9:40
  Speaker 1: up here, I want to hit on something. This is
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  Speaker 1: Karen Scarborough. This is the lady you just saw on
• 9:44
  Speaker 1: the clip earlier. She's talking about an RFQ. This is
• 9:47
  Speaker 1: a request for quote for the Wyoming stable Coin token
• 9:49
  Speaker 1: Commission closing on December twelfth. Everybody building on ETH and
• 9:52
  Speaker 1: relevant l twos should be looking at this and submitting
• 9:55
  Speaker 1: where relevant as soon as possible. And this is done
• 9:59
  Speaker 1: in a way in this What we've talked about this
• 10:01
  Speaker 1: before on the Wyoming stable coin is we think that
• 10:03
  Speaker 1: it most likely is going to be one of two potentials.
• 10:06
  Speaker 1: Go back and watch our videos on this, but we
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  Speaker 1: think ETH will be involved, possibly Avalanche. There's a handful
• 10:11
  Speaker 1: that could be tied in to wear the stable coin.
• 10:13
  Speaker 1: And this is important because it's going to start setting
• 10:16
  Speaker 1: the standard for a lot of different entities. Further into that,
• 10:20
  Speaker 1: I want to go to one more clip, and this
• 10:21
  Speaker 1: is Kathy Wood maybe revealing something. Take a look.
• 10:26
  Speaker 6: We've been involved with bitcoin since it was two hundred
• 10:29
  Speaker 6: and fifty dollars in twenty fifteen when we wrote our
• 10:33
  Speaker 6: first white paper on bitcoin, ringing the bell for a
• 10:37
  Speaker 6: new asset class. How big could that be?
• 10:40
  Speaker 3: And so we think it could become two to five
• 10:44
  Speaker 3: or six percent of portfolios. Gold is a fifteen trillion
• 10:49
  Speaker 3: dollar asset and we are looking forward to sharing more
• 10:54
  Speaker 3: papers about the two other digital asset revolutions, the financial
• 11:00
  Speaker 3: services revolution and the digital.
• 11:04
  Speaker 6: Asset property rights revolution. Now that is a big idea.
• 11:11
  Speaker 1: All right, So what Kathy Wood is talking about is
• 11:13
  Speaker 1: really drilling down into ethereum in the ecosystem there. Obviously,
• 11:17
  Speaker 1: this is all going to apply to a lot of
• 11:19
  Speaker 1: digital asset classes that ARC of course is starting to
• 11:23
  Speaker 1: build on. And remember ARC has already done a lot
• 11:26
  Speaker 1: of these forward thinking reports, a lot of those kind
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  Speaker 1: of things. So we're going to be watching very closely
• 11:30
  Speaker 1: because I anticipate she's probably going to drop something out there,
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  Speaker 1: and I think it's going to be an eth ecosystem,
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  Speaker 1: possibly a Salana, maybe an avalanche ecosystem connection showing the
• 11:40
  Speaker 1: path forward on where all of this is going. You
• 11:43
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