Latest / The Paul Barron Crypto Show / Institutions Panic📉October 10th Crash Anniversary

Transcript

Institutions Panic📉October 10th Crash Anniversary · The Paul Barron Crypto Show

• 0:00
  Speaker 1: 1010 just around the corner is a crashiversary set up
• 0:03
  Speaker 1: for what the market could be facing. Maybe that is
• 0:06
  Speaker 1: why we're seeing the market start to look a little fearful.
• 0:09
  Speaker 1: Today we'll break it down for you. I want to
• 0:11
  Speaker 1: thank our sponsor today and that is Tangem where you
• 0:14
  Speaker 1: guys can get into full self custody.
• 0:16
  Speaker 2: Very easy to do your secure crypto hardware wallet.
• 0:20
  Speaker 1: And one of the things about Tangem that I think
• 0:22
  Speaker 1: a lot of people misunderstand with self custody is the
• 0:25
  Speaker 1: ease of use And also the ease of being able
• 0:28
  Speaker 1: to get this set up for you. It's like a
• 0:30
  Speaker 1: credit card, works with your phone, always present. Make sure
• 0:33
  Speaker 1: to get a three-card set so you've got a backup.
• 0:35
  Speaker 1: But you guys, of course, can use our link down below.
• 0:38
  Speaker 1: It's going to give you a 10% discount. And they
• 0:40
  Speaker 1: also have several offers from time to time. So always
• 0:43
  Speaker 1: check what's going on over there on the website. This
• 0:46
  Speaker 1: is the self-custody to use. So make sure and check
• 0:49
  Speaker 1: it out. Tell them we sent you.
• 0:51
  Speaker 2: And I want to start with this. And that is
• 0:54
  Speaker 2: the chart.
• 0:55
  Speaker 1: Let's go over to the Bitcoin chart right here. And
• 0:57
  Speaker 1: you can kind of see we've put a couple of
• 0:58
  Speaker 1: major events on here. This one is the major event
• 1:02
  Speaker 1: last year that pretty much set Bitcoin in a spiral
• 1:06
  Speaker 1: all the way down to its low at around 60K
• 1:08
  Speaker 1: happening back in June of this year. So you could
• 1:11
  Speaker 1: look at the situation happening back in October of last
• 1:16
  Speaker 1: year as being one of the catalysts that maybe traders
• 1:19
  Speaker 1: are looking at right now. And there's more to this, though,
• 1:22
  Speaker 1: because I think the key is what happens in October? Well,
• 1:27
  Speaker 1: typically you get these October surprises right before midterms or
• 1:31
  Speaker 1: major elections, and that might be actually in play as well.
• 1:36
  Speaker 1: So you've got OpenAI and Anthropic, both as well as
• 1:39
  Speaker 1: other AI companies that are now privately preparing for a
• 1:43
  Speaker 1: potential catastrophic AI event that could trigger public outrage. This
• 1:48
  Speaker 1: is a concern to me. nearing, especially getting close to
• 1:52
  Speaker 1: a midterm election. And all of the things that we've
• 1:55
  Speaker 1: seen leading up to this, because there's a lot of
• 1:57
  Speaker 1: things that have been happening with the Hugging Face hack,
• 2:00
  Speaker 1: what we've seen with these rogue AI agents, what we're
• 2:03
  Speaker 1: seeing now with essentially leaders of these companies talking about this,
• 2:08
  Speaker 1: almost as though they're prepping something. And that always concerns
• 2:12
  Speaker 1: me when we have October brewing. And I want to
• 2:16
  Speaker 1: just make Get very clear. I think crypto is actually
• 2:19
  Speaker 1: one of the safer places.
• 2:21
  Speaker 2: Here's Jesus. He talks about it right here.
• 2:22
  Speaker 1: Sold all my crypto, converted it in fiat, putting it
• 2:24
  Speaker 1: back into that 30-year-old banking system. 25, but it's really
• 2:29
  Speaker 1: 30-year-old dated encryption systems. And that's the point, is that
• 2:33
  Speaker 1: the banks may actually become a major vector. If AI
• 2:37
  Speaker 1: is going to have a chance to go in and
• 2:39
  Speaker 1: do something nefarious.
• 2:41
  Speaker 2: Where would you go target? I think you would target mainstream.
• 2:45
  Speaker 1: Crypto, I think, is ironically in a better place, even
• 2:49
  Speaker 1: though we have seen some challenges in crypto over the
• 2:52
  Speaker 1: past couple of years. I think it's actually in a
• 2:54
  Speaker 1: better place just because of what it means. Now, let's
• 2:58
  Speaker 1: recall what actually happened back on October 10th of last year.
• 3:03
  Speaker 1: At 4.50 p.m., this was October 10th, traditional markets were closed,
• 3:07
  Speaker 1: and then Trump launched a new salvo into the China
• 3:12
  Speaker 1: and U.S.
• 3:12
  Speaker 2: Trade war.
• 3:13
  Speaker 1: That was the first time we saw a real move
• 3:17
  Speaker 1: into the trade war that put a lot of pressure
• 3:19
  Speaker 1: on China, and immediately underneath that, you had, of course,
• 3:23
  Speaker 1: the market pulling out. So, obviously, what you looked at
• 3:27
  Speaker 1: there that was one of the catalysts is the trade
• 3:29
  Speaker 1: war war that was happening between the U.S.
• 3:32
  Speaker 2: And China.
• 3:32
  Speaker 1: And this really pointed to the trade deficit. And if
• 3:35
  Speaker 1: you go back in here in 2025, this was, of course,
• 3:38
  Speaker 1: the deepest that it had been. And primarily, this was
• 3:41
  Speaker 1: done because of the front running in the market. What
• 3:44
  Speaker 1: I mean by that is suppliers of all types were
• 3:46
  Speaker 1: buying quickly and as much as they could to deal
• 3:50
  Speaker 1: with what was incoming And that was these trade impacts
• 3:55
  Speaker 1: in terms of tariffs. And of course, all that laid
• 3:57
  Speaker 1: into the market. Then you had the pullback. Everybody thought, oh,
• 4:00
  Speaker 1: it's working. But in reality, it just reset it because
• 4:03
  Speaker 1: that was essentially a supply chain shock that kind of
• 4:07
  Speaker 1: opened up into the market. So in reality, not much
• 4:10
  Speaker 1: better position, but it did damage the market.
• 4:13
  Speaker 2: In a big way.
• 4:14
  Speaker 1: So when you look at other scenarios that could be
• 4:17
  Speaker 1: impending here, what could hit us on 1010? That's the
• 4:20
  Speaker 1: concern everybody's worried about. Last time, it was tariffs. So
• 4:24
  Speaker 1: not necessarily the case here. Even if you look at
• 4:27
  Speaker 1: the diplomatic agreement for lower tariffs by Canada or with Canada,
• 4:31
  Speaker 1: even that is somewhat reserved. And the point being is
• 4:34
  Speaker 1: that we're aware of these things now. I don't think
• 4:37
  Speaker 1: the market is trying to set this up. So it's
• 4:39
  Speaker 1: going to be something different. if in fact we get
• 4:42
  Speaker 1: any kind of major debauchery happening in the market.
• 4:46
  Speaker 2: And that, of course, gets into the next thing.
• 4:48
  Speaker 1: And that was the macro shock, because it wasn't necessarily
• 4:52
  Speaker 1: an exchange failure that drove what happened into the $ 19
• 4:56
  Speaker 1: billion liquidation cascade. In fact, about 75% of that was
• 5:01
  Speaker 1: still in play. The exchange said roughly 75% of the
• 5:04
  Speaker 1: total liquidations had already taken place by the point this
• 5:08
  Speaker 1: was playing out. So you could see this was all
• 5:11
  Speaker 1: about leverage. And I think that's the concern right now
• 5:13
  Speaker 1: we have. I'm not so much concerned about the market
• 5:16
  Speaker 1: right now because the market has been much more resilient
• 5:20
  Speaker 1: in understanding how these things are hitting. I'm more concerned
• 5:23
  Speaker 1: about some sort of unusual activity, whether it's a major hack,
• 5:28
  Speaker 1: some sort of major outage, an issue that could hit
• 5:31
  Speaker 1: the financial system.
• 5:33
  Speaker 2: All those kind of things.
• 5:33
  Speaker 1: And with the amount of things that we're seeing from AI,
• 5:37
  Speaker 1: this concerns me the most.
• 5:38
  Speaker 2: I want to go to a clip real quick.
• 5:40
  Speaker 1: And this is Tom Lee talking about what happened in
• 5:44
  Speaker 1: October of last year.
• 5:45
  Speaker 2: Take a look.
• 5:46
  Speaker 3: In our view, tokenization is a far bigger driver than
• 5:49
  Speaker 3: other bull markets. In 2016, 2017, it was an ICO boom,
• 5:51
  Speaker 3: primarily retail. In the 2019 to 2021 era, it was
• 5:52
  Speaker 3: the NFTs, primarily retail. Last year was a stablecoin boom,
• 6:03
  Speaker 3: but it got cut short because of the October 10th
• 6:06
  Speaker 3: massive debt deleveraging slash auto deleveraging event. But it's different now.
• 6:11
  Speaker 3: BlackRock wants to put most of its assets as tokenized assets,
• 6:15
  Speaker 3: and it's a huge addressable market. But just the top three, stocks, bonds,
• 6:19
  Speaker 3: and credits. be $ 160 trillion. For every dollar that's been
• 6:23
  Speaker 3: tokenized or TVL'd on a L1 blockchain, it creates about
• 6:27
  Speaker 3: $ 1 value.
• 6:28
  Speaker 2: For the blockchain.
• 6:29
  Speaker 3: So if 10% moves on-chain, that creates a $ 16 trillion market.
• 6:35
  Speaker 3: And keep in mind, crypto is an AI downstream story.
• 6:37
  Speaker 3: We've talked about the sport, but as memory and chips corrected,
• 6:41
  Speaker 3: the Mag7 software and crypto should gain, and that's exactly
• 6:43
  Speaker 3: how it's played out.
• 6:45
  Speaker 2: And we know why.
• 6:46
  Speaker 1: Back to the point there, you do know why. And
• 6:48
  Speaker 1: I think this is the thing. When you look at
• 6:50
  Speaker 1: the market right now, the downstream of it for crypto
• 6:53
  Speaker 1: is very AI-centric. That's where it also gets a little
• 6:56
  Speaker 1: bit concerning. Just as a reminder, what happened on the crash,
• 7:00
  Speaker 1: this was $ 19 billion in terms of liquidations. You also
• 7:04
  Speaker 1: had Bitcoin's open interest, which was rebuilding after its anniversary now.
• 7:08
  Speaker 1: But this looks very eerie.
• 7:10
  Speaker 2: Right there.
• 7:11
  Speaker 1: That's the comparison of this year versus last year. The
• 7:14
  Speaker 1: Bitcoin open interest, 4.1% in five days. We're at 4%
• 7:17
  Speaker 1: in seven. The open interest market cap, 3.7% versus 3.2%.
• 7:22
  Speaker 1: And then ETH open interest at 11.3% versus 10.4%. So
• 7:27
  Speaker 1: I'm not saying that there is anything brewing. What I
• 7:30
  Speaker 1: am saying is that you always have to look at
• 7:32
  Speaker 1: these kinds of components because they are sometimes rhyming in
• 7:37
  Speaker 1: terms of how markets react.
• 7:39
  Speaker 2: One good thing is when you look at these.
• 7:41
  Speaker 1: Insurance funds that are in these crypto exchanges, Binance, of course,
• 7:45
  Speaker 1: leading the way right there with their insurance fund and
• 7:47
  Speaker 1: the history there, of course, was the 1010 event that,
• 7:51
  Speaker 1: of course, depleted that. It is now pretty much replenished itself.
• 7:55
  Speaker 1: So we're back at another go here, not saying that
• 7:58
  Speaker 1: that would happen. But the point is, is that the
• 8:00
  Speaker 1: market has recovered and been able to deal with this.
• 8:03
  Speaker 1: So let's take a look at the crypto fear and greed,
• 8:05
  Speaker 1: because that also kind of has unique alignment here. This
• 8:08
  Speaker 1: was 10.7 right there. You can kind of see the
• 8:11
  Speaker 1: index was around 55. That was when it occurred. We
• 8:14
  Speaker 1: were actually in a good position. I think in general,
• 8:16
  Speaker 1: the market was looking up. And of course, that is
• 8:19
  Speaker 1: when we saw basically a full-blown deflation. Well, we're setting
• 8:25
  Speaker 1: back in at that same period of time, almost at
• 8:28
  Speaker 1: the same exact spot. So All these things, again, start
• 8:32
  Speaker 1: to concern me, especially now that you have new attack
• 8:35
  Speaker 1: vectors that are starting to brew. And that gets into
• 8:38
  Speaker 1: a couple of points. One is Bitcoin ETFs and Ethereum ETFs. This,
• 8:42
  Speaker 1: of course, is spot Bitcoin ETF daily net flows. This
• 8:46
  Speaker 1: is the largest outflow since June 25. That's another major
• 8:51
  Speaker 1: factor because now you have institutions absolutely evacuating the market
• 8:57
  Speaker 1: Question is, does this continue for the next few days?
• 9:00
  Speaker 1: Do we continue to see spot Bitcoin ETFs, ETH ETFs
• 9:04
  Speaker 1: starting to outflow and affect the market even further? Even
• 9:07
  Speaker 1: though we nipped around 80K, the real question is, how
• 9:10
  Speaker 1: does this hold over the weekend? So we're going to
• 9:12
  Speaker 1: be watching that one very closely. U.S. hiring stalled at
• 9:15
  Speaker 1: around 29,000 jobs. We're also getting updated data around GDP.
• 9:21
  Speaker 1: I think data that comes in right before midterms, this
• 9:23
  Speaker 1: is all somewhat manipulated, in my opinion, because you've got
• 9:27
  Speaker 1: a major election that's going to brew. Now, you have
• 9:30
  Speaker 1: Trump out here on Truth Social, and the one thing
• 9:33
  Speaker 1: he's saying is that, hey, we're not going to be
• 9:35
  Speaker 1: attacking Iran any time prior to the midterm elections. I
• 9:37
  Speaker 1: don't know if that means that we are going to
• 9:40
  Speaker 1: attack Iran, because in most cases, Trump doesn't actually give
• 9:45
  Speaker 1: you the real narrative that they're planning to do for
• 9:49
  Speaker 1: obvious reasons, but the point being is it starts to
• 9:52
  Speaker 1: get into This right here, which is where Trump is
• 9:55
  Speaker 1: hinting at a big surprise to come ahead of.
• 9:58
  Speaker 2: The midterm election. What he means by that is still unknown.
• 10:03
  Speaker 1: And it's always an October surprise. We've seen this on
• 10:05
  Speaker 1: almost every single election out there. And I think this
• 10:09
  Speaker 1: is another factor that plays into it that we have
• 10:12
  Speaker 1: to consider into the markets. And maybe the markets themselves
• 10:15
  Speaker 1: are a bit spooked in reference to what is happening
• 10:18
  Speaker 1: right now, both on a global side, but also from
• 10:21
  Speaker 1: an investable class side of things. So let's take a
• 10:24
  Speaker 1: look at some of Citrini's research. This is their investable
• 10:28
  Speaker 1: RWA stack. It just shows you the full layer here.
• 10:30
  Speaker 1: I mean, these are all the best of the best
• 10:33
  Speaker 1: out there. You've got Securitize leading the way right there.
• 10:36
  Speaker 1: Backpack over there on terms of insurance and legal ownership.
• 10:39
  Speaker 1: You've got the chains and rails distribution, all the major names,
• 10:43
  Speaker 1: Circle and Athena over on the cash and stable coin side,
• 10:46
  Speaker 1: liquidity markets, DeFi.
• 10:48
  Speaker 2: You recognize all of these.
• 10:50
  Speaker 1: These are the ones I'm concerned with because of the
• 10:52
  Speaker 1: spook that the market could generate here with just any
• 10:55
  Speaker 1: kind of issue that occurs on these kind of dates,
• 10:59
  Speaker 1: and especially when it's this young, meaning just one year ago.
• 11:02
  Speaker 1: And the crypto market Kind of works in these cycles.
• 11:05
  Speaker 1: It's always looking at things just like this because of
• 11:08
  Speaker 1: the sentiment that traders kind of lean in on.
• 11:11
  Speaker 2: Another alarming note was this right here.
• 11:14
  Speaker 1: And that is Ledger is now getting reportedly hit with
• 11:17
  Speaker 1: another major exploit. And it lost right now around 80
• 11:22
  Speaker 1: losses were around 86 million. Now, granted, this did not
• 11:25
  Speaker 1: happen from an exploit inside Ledger. This was in one
• 11:28
  Speaker 1: of their supply or one of their resellers. And That's
• 11:32
  Speaker 1: a concern because that tied into a supply chain issue.
• 11:36
  Speaker 1: And this is the concern that I always have about
• 11:38
  Speaker 1: these wallets is that if you don't control everything from
• 11:41
  Speaker 1: the soup to the end, you just have problems going forward.
• 11:46
  Speaker 1: One thing I will say is just look at where
• 11:49
  Speaker 1: your source of any wallets come from. Third-party resellers, absolutely
• 11:53
  Speaker 1: a no-go. It has to be direct from the websites.
• 11:56
  Speaker 1: or direct from the supplier. And the issue I think
• 11:59
  Speaker 1: you have to consider is just an example of this
• 12:02
  Speaker 1: right here, which is where Ledger's doing some damage control.
• 12:05
  Speaker 1: We recommend Ledger users who purchased from this reseller in
• 12:08
  Speaker 1: the last 90 days to not initiate setup if you've
• 12:12
  Speaker 1: not done so yet. So that's pretty bad for all
• 12:15
  Speaker 1: of these, because all that stock now is dead. That's
• 12:17
  Speaker 1: just dead stock out there. There's going to be sales
• 12:19
  Speaker 1: on it. Watch for any sales. I wouldn't take any
• 12:22
  Speaker 1: sale deals on this. But this is a bad look
• 12:25
  Speaker 1: on Ledger in general, and it hurts, I think, the
• 12:28
  Speaker 1: self-custody market, with the exception of maybe a handful out
• 12:31
  Speaker 1: there that have been able to kind of lock up
• 12:34
  Speaker 1: on being able to create the keys at origination point,
• 12:37
  Speaker 1: which is what Tangent is doing.
• 12:39
  Speaker 3: So.
• 12:40
  Speaker 1: I don't like that in the sense that what we've
• 12:42
  Speaker 1: seen so far is Tangent kind of seem one of
• 12:44
  Speaker 1: the only solutions. Sure, there's software wallets out there, very effective,
• 12:48
  Speaker 1: but even those have a certain amount of attack vector
• 12:51
  Speaker 1: just because of the component of AI and agents starting
• 12:55
  Speaker 1: to move into these.
• 12:56
  Speaker 2: So I'm concerned about.
• 12:57
  Speaker 1: All of these issues right now. Now you add in
• 13:00
  Speaker 1: the whole issue of the Q Day.
• 13:03
  Speaker 2: So you guys.
• 13:03
  Speaker 1: Remember we did a video and kind of revealed Justin
• 13:06
  Speaker 1: Drake's statement last week in reference to Q Day and
• 13:09
  Speaker 1: the fact that Ethereum could be in a little bit
• 13:12
  Speaker 1: of a vector problem, meaning an attack issue, still a concern.
• 13:17
  Speaker 1: And they accelerated. That's the biggest concern of all. And
• 13:20
  Speaker 1: I think this has sparked a debate out there online.
• 13:23
  Speaker 1: The CEO of Starkware basically said, hey, we're going to
• 13:26
  Speaker 1: be ready, but Ethereum may not be able to beat
• 13:29
  Speaker 1: and prepare fast enough for QDA. A lot of these
• 13:31
  Speaker 1: companies have a stake in the game, all right? They're
• 13:35
  Speaker 1: talking their own book. Just remember that when you're looking
• 13:39
  Speaker 1: at some of these statements out there on X or
• 13:40
  Speaker 1: whatever you guys do in terms of finding your news,
• 13:43
  Speaker 1: because here he is right here getting a lot of
• 13:45
  Speaker 1: inquiries conveniently from custodians and institutional players about this. So
• 13:50
  Speaker 1: this almost looks as though you generate FUD and then
• 13:54
  Speaker 1: you solve the FUD problem. And those are not good
• 13:57
  Speaker 1: things anytime we see that in the market. And we've
• 13:59
  Speaker 1: seen it in all kinds of tech industries from the
• 14:02
  Speaker 1: beginning of security all the way into what we're seeing
• 14:05
  Speaker 1: right now in AI. And I think the issue faced
• 14:09
  Speaker 1: with crypto actually is better than that of what we
• 14:13
  Speaker 1: have seen with almost every other system out there. Think
• 14:17
  Speaker 1: of every critical system, banking, power grid, medical, you could
• 14:22
  Speaker 1: name any of them. And I think their attack vector
• 14:25
  Speaker 1: is probably more likely from what we could see on
• 14:28
  Speaker 1: a major AI event than it would be for crypto
• 14:31
  Speaker 1: for one reason. And that is very simple. Crypto is
• 14:35
  Speaker 1: much more nimble, meaning we've already dealt with a lot
• 14:37
  Speaker 1: of this kind of stuff. Most of these L1s are
• 14:39
  Speaker 1: already in play on developing. And the key here is
• 14:43
  Speaker 1: the rollout capability that an Ethereum could do, an Avalanche
• 14:47
  Speaker 1: could do to be able to affect the situation much
• 14:51
  Speaker 1: more efficiently than the supply chain and the layers and
• 14:55
  Speaker 1: layers of old technology that is riding across all of
• 14:59
  Speaker 1: these other critical systems out there. So that is a
• 15:01
  Speaker 1: major concern of mine. And I've got a clip here
• 15:04
  Speaker 1: at the end I want to play here because this
• 15:05
  Speaker 1: is Vitalik, and he really kind of hits it home
• 15:09
  Speaker 1: around what Ethereum and or any strategy needs to consider
• 15:14
  Speaker 1: for the future of all of this.
• 15:15
  Speaker 2: Take a look.
• 15:17
  Speaker 4: What's keeping your personal data safe, for example? That's a
• 15:20
  Speaker 4: question for the operating system. It's a question for any
• 15:24
  Speaker 4: AI you have that is processing the data. It's also
• 15:27
  Speaker 4: a question for the hardware. SI, some people say that
• 15:31
  Speaker 4: it's super intelligence. I think there is another SI that
• 15:33
  Speaker 4: matters just as much. This is element 14 on the
• 15:37
  Speaker 4: periodic table. It's silicon. The silicon that all of our
• 15:40
  Speaker 4: hardware is made out of. Before, we would say, not
• 15:44
  Speaker 4: your keys, not your coins. Soon we're going to say,
• 15:47
  Speaker 4: not your silicon, not your keys. For a system to
• 15:51
  Speaker 4: be secure, the hardware that it is written on and
• 15:54
  Speaker 4: the hardware that links any consequence of the system to
• 15:57
  Speaker 4: the real world must also be safe. We have to
• 16:01
  Speaker 4: think about everything that we build as a full stack
• 16:04
  Speaker 4: at every layer, going all the way up to the user,
• 16:07
  Speaker 4: all the way to the left to the chain, all
• 16:09
  Speaker 4: the way to the right to the internet, and all
• 16:11
  Speaker 4: the way down to the hardware. What is a hardware
• 16:14
  Speaker 4: wallet today is going to become the universal secure device
• 16:17
  Speaker 4: of tomorrow. These are big problems that the world will
• 16:21
  Speaker 4: have to deal with and probably many of these problems
• 16:24
  Speaker 4: the blockchain world will have to deal with first. We
• 16:29
  Speaker 4: have seen AIs take down all kinds of websites. We've
• 16:33
  Speaker 4: seen AIs discover bugs and exploits in all kind of software.
• 16:40
  Speaker 4: At the same time, Ethereum blockchain has not gone down.
• 16:44
  Speaker 1: So what Vitalik was getting at right there, I think
• 16:46
  Speaker 1: is right. And that is not your silicon, not your keys.
• 16:49
  Speaker 1: This is also going to move into other areas of
• 16:52
  Speaker 1: your own personal life. And that's including your data, your thoughts,
• 16:55
  Speaker 1: all sorts of scenarios of your collections. You name anything
• 16:58
  Speaker 1: of value that pertains to an individual. It's going to
• 17:02
  Speaker 1: start to migrate, I think, into maybe a centralized stack,
• 17:06
  Speaker 1: but yet decentralized, and that is in the way of Ethereum.
• 17:10
  Speaker 1: So think about that. If you look at the attack
• 17:12
  Speaker 1: vectors that are happening in every major cloud flare, centralized database,
• 17:20
  Speaker 1: all of what we're seeing around banking institutions that are
• 17:23
  Speaker 1: seeing breaches all of the time, the key is if
• 17:27
  Speaker 1: you get a major one, Every time that one of
• 17:30
  Speaker 1: those happens versus every time that it doesn't happen on Ethereum,
• 17:34
  Speaker 1: this is only bullish, I think, for blockchain. And the
• 17:37
  Speaker 1: advancements and the capability of something like an Ethereum, a Solana,
• 17:42
  Speaker 1: an Avalanche, or others are going to be able to
• 17:45
  Speaker 1: deal with a lot of these onslaughts much easier, much
• 17:48
  Speaker 1: more nimble, and much more effective. And I think that
• 17:51
  Speaker 1: is the killer app of what blockchain brings to the market.
• 17:55
  Speaker 1: And maybe, just maybe, Wall Street is starting to recognize
• 17:59
  Speaker 1: it as well. If you like this video, hit like
• 18:08
  Speaker 1: and subscribe, drop a comment down below, and also join
• 18:11
  Speaker 1: our free private member group.
• 18:13
  Speaker 2: The link is in the description.