Latest / The Paul Barron Crypto Show / Citadel Joins Litecoin Treasury Fund🔥David Schwartz $LTC INTERVIEW

Transcript

Citadel Joins Litecoin Treasury Fund🔥David Schwartz $LTC INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Welcome back into the show. Today, we're going to be
• 0:01
  Speaker 1: diving in to light coin, a project overview. We're going
• 0:04
  Speaker 1: to have a special guest for you, so you don't
• 0:06
  Speaker 1: want to miss it. Let's get started. I do want
• 0:08
  Speaker 1: to thank our sponsor and that is Tangum. This is
• 0:10
  Speaker 1: where you guys can get into self custy. There's a
• 0:12
  Speaker 1: few things you can do with Tangum. One of the
• 0:14
  Speaker 1: coolest things is actually set it up with your phone.
• 0:17
  Speaker 1: It works like a credit card, an Android device and
• 0:20
  Speaker 1: Apple device, very simple to get going. If you're brand
• 0:22
  Speaker 1: new to self custody, this is the one for you.
• 0:25
  Speaker 1: It's a hardware device, so it is one of the
• 0:28
  Speaker 1: most secure out there. And another thing that is really
• 0:30
  Speaker 1: cool about tangem it takes no time to get it
• 0:33
  Speaker 1: set up. It's like three minutes to get it going.
• 0:35
  Speaker 1: All you have to do is visit tangum dot com
• 0:37
  Speaker 1: use our link down below. It's going to give you
• 0:39
  Speaker 1: a little bit of a break and get you going
• 0:41
  Speaker 1: on self cussing.
• 0:42
  Speaker 2: Let's get over to it today.
• 0:43
  Speaker 1: I do want to bring in David Schwartz coming in
• 0:45
  Speaker 1: from Like Coins Foundation into the show. How are you, hey, Paul,
• 0:49
  Speaker 1: how are you doing Yeah, thanks for coming in today.
• 0:51
  Speaker 1: So I want to first kick off a little bit
• 0:54
  Speaker 1: with like coin in terms of any kind of updates
• 0:57
  Speaker 1: that you can share with us. We're going to be
• 0:59
  Speaker 1: talking about ETFs and treasuries, but anything that is brewing
• 1:05
  Speaker 1: right now within the foundation that you can share.
• 1:07
  Speaker 2: Yeah. Sure.
• 1:08
  Speaker 3: I think one of the coolest parts is we just
• 1:12
  Speaker 3: had a new native wallet launch in May end of
• 1:15
  Speaker 3: May called Nexus Wallet Okay, and I think the great
• 1:19
  Speaker 3: feature about that is it has the regular light Cooin
• 1:22
  Speaker 3: addresses that everybody is used to, but it also has
• 1:26
  Speaker 3: an optional privacy address as well, so you're able to
• 1:30
  Speaker 3: either keep it in the regular addresses or put it
• 1:33
  Speaker 3: in one of the optional private Okay addresses, which means
• 1:36
  Speaker 3: the totals covered and when you interact with other addresses,
• 1:40
  Speaker 3: the amount that goes back and forth is shielded.
• 1:43
  Speaker 2: Too.
• 1:44
  Speaker 1: Interesting, all right, So that's good news.
• 1:46
  Speaker 2: You know.
• 1:46
  Speaker 1: I've been following like cooin for quite a while. The
• 1:49
  Speaker 1: marketing I think is brilliant. I was looking at your
• 1:51
  Speaker 1: Twitter account, which is significant in terms of size, but
• 1:54
  Speaker 1: you guys have some really good fun times with it.
• 1:56
  Speaker 1: I think it's first of all, it's good to see
• 1:59
  Speaker 1: project like this that kind of don't take themselves too seriously,
• 2:03
  Speaker 1: have a little bit of fun with it. I love
• 2:05
  Speaker 1: that one on the but you also get into some
• 2:08
  Speaker 1: details there. You got set a little big ken Griffin
• 2:11
  Speaker 1: which is very involved into what you guys are doing.
• 2:13
  Speaker 1: Let's talk a little bit about the treasury side of
• 2:17
  Speaker 1: things and also ETF will get into that in a second.
• 2:20
  Speaker 1: When you look at the market right now, David, and
• 2:23
  Speaker 1: you kind of see what has been happening with eth
• 2:26
  Speaker 1: Bitcoin now other potential projects starting to look at treasury companies.
• 2:31
  Speaker 1: Do you think this is a short time market bubble
• 2:35
  Speaker 1: or do you think this is a long term strategy
• 2:37
  Speaker 1: that might be developing.
• 2:39
  Speaker 3: Yeah, I think it all depends on the strategy that
• 2:42
  Speaker 3: the Treasury is taking. If it's one where they basically
• 2:45
  Speaker 3: purchase the crypto and then sit on it, there could
• 2:50
  Speaker 3: be a shorter shelf life to it. If it's one
• 2:52
  Speaker 3: where the Treasury as what we're recommending myself and Charlie
• 2:57
  Speaker 3: and the Foundation, any company that's looking to do a
• 3:00
  Speaker 3: treasury play with like coin is not just to invest
• 3:05
  Speaker 3: in the in the coin and hold it, but also
• 3:08
  Speaker 3: allocate some of those funds that they're receiving through equity
• 3:12
  Speaker 3: or otherwise and actually investing it into the ecosystem to
• 3:16
  Speaker 3: support the infrastructure and the companies that are building on top.
• 3:20
  Speaker 3: And in that way they you know, they're able to
• 3:22
  Speaker 3: gain some yield off of being VCS within the space,
• 3:26
  Speaker 3: or they take some of that like coin and they're
• 3:28
  Speaker 3: putting it into something that creates a yield and they're
• 3:30
  Speaker 3: getting that back. Then that helps the stockholders want to
• 3:33
  Speaker 3: retain that stock beyond just the promise of like coin
• 3:37
  Speaker 3: number go up.
• 3:38
  Speaker 2: Yeah.
• 3:38
  Speaker 1: Well, I think that has been maybe the killer app
• 3:41
  Speaker 1: to develop. I think the smarter investors probably are looking
• 3:44
  Speaker 1: for that now we've already seen it in the e ecosystem.
• 3:48
  Speaker 1: BTCS is one that kind of comes to mind they
• 3:50
  Speaker 1: do that right now, We'll probably see more even with
• 3:54
  Speaker 1: Tom Lee's company BM and R of being able to
• 3:57
  Speaker 1: enrich the company through you know some of the active
• 4:00
  Speaker 1: you're talking about, you guys zero down time for twelve years.
• 4:03
  Speaker 1: So this has become kind of I like this statement, right,
• 4:07
  Speaker 1: institution's value the kind of reliability kind of like digital silver,
• 4:10
  Speaker 1: which is cool when you look at investors now, guys
• 4:14
  Speaker 1: like Ken Griffith and others that are starting to get
• 4:17
  Speaker 1: behind this. Do you feel that traditional investors are ready
• 4:22
  Speaker 1: for this kind of asset. I would like they are bigcin, yeah,
• 4:26
  Speaker 1: like they are big.
• 4:27
  Speaker 3: One, Yeah, I would I would say yes. And the
• 4:30
  Speaker 3: reality is, as human beings, we normally just don't settle
• 4:34
  Speaker 3: for something even if it's treating us very well, and
• 4:37
  Speaker 3: so wandering eyes come, and so they want to look
• 4:40
  Speaker 3: at what other asset classes within cryptocurrencies are something that
• 4:44
  Speaker 3: they could potentially invest in, and like Coin's probably if
• 4:49
  Speaker 3: not the most underrated and underpriced according.
• 4:53
  Speaker 2: To their actual metrics.
• 4:55
  Speaker 3: I can't think of another one, but it would be
• 4:57
  Speaker 3: something where I would think, you know, being someone who
• 5:00
  Speaker 3: buys shares of stock, dividend stocks and whatever else, I'm
• 5:04
  Speaker 3: always looking for where all the fundamentals are screaming by,
• 5:08
  Speaker 3: but at that moment, it looks like it's just been oversold, right,
• 5:12
  Speaker 3: And so like coin falls conveniently right into that type
• 5:15
  Speaker 3: of an asset for somebody to invest in.
• 5:18
  Speaker 1: Well, when people don't want direct exposure, they typically go
• 5:22
  Speaker 1: through the route of ETFs. Here's Eric Balschunez talking about
• 5:25
  Speaker 1: that very thing like coin ETF. Now all the boxes
• 5:28
  Speaker 1: are checked, likelihood is we could get an SEC approval
• 5:31
  Speaker 1: of these kinds of programs, the one that we're watching
• 5:35
  Speaker 1: right now, like coin and also XRP, and you of
• 5:39
  Speaker 1: course have Solana also kind of in the running right now.
• 5:42
  Speaker 2: Do you think like coin and.
• 5:43
  Speaker 1: XRP will be the first that actually get a new
• 5:46
  Speaker 1: spot etf You.
• 5:47
  Speaker 3: Know, it's interesting if you would have asked me this
• 5:50
  Speaker 3: probably five or six months ago, when this was still
• 5:53
  Speaker 3: fairly fresh, I would have told you that absolutely like
• 5:57
  Speaker 3: coin would be the first because of the manner which
• 6:00
  Speaker 3: things are filed, the question marks that were lingering around
• 6:03
  Speaker 3: XRP and Solona at the time, it just seemed like
• 6:06
  Speaker 3: cooin literally was a clear cut copy and paste of
• 6:10
  Speaker 3: all the requirements that were expected of bitcoin when it
• 6:13
  Speaker 3: was you know, approved, And yet here we are today,
• 6:17
  Speaker 3: none of them have been approved yet, and it almost
• 6:19
  Speaker 3: feels like it's going to be some sort of mass approval.
• 6:24
  Speaker 2: All at one time.
• 6:25
  Speaker 3: I'm not saying that's what all happened, but it just
• 6:27
  Speaker 3: sort of I just sort of get that vibe from it, Okay,
• 6:30
  Speaker 3: is that you know?
• 6:31
  Speaker 2: Is that fair or not? I mean, it all depends
• 6:34
  Speaker 2: on which one you're rooting for.
• 6:36
  Speaker 1: I guess, right, well, yeah, and I think you know
• 6:38
  Speaker 1: the market itself, it's usually the first mover always wins.
• 6:41
  Speaker 1: You look at ibid with with bitcoin, it has been
• 6:44
  Speaker 1: a big one to a certain extent. I feel like
• 6:47
  Speaker 1: eth maybe got a little bit more of a leveled
• 6:49
  Speaker 1: playing field because you have a lot of treasury companies
• 6:52
  Speaker 1: playing for top dog. Whether it's S better, BM and R,
• 6:54
  Speaker 1: et cetera, but definitely a lot.
• 6:56
  Speaker 2: I want to play a clip for you.
• 6:58
  Speaker 1: This is talking Charlie talking about like coin versus stable coins.
• 7:02
  Speaker 1: I want to get your opinion to take a look.
• 7:04
  Speaker 4: Stable coins are good for payments also, but we see
• 7:08
  Speaker 4: people using like cooin more because like coin is a
• 7:11
  Speaker 4: better store value. People like to use store their money
• 7:14
  Speaker 4: in crypto and bitcoin in like cooin, similar to how
• 7:17
  Speaker 4: people store money in gold and silver being better of
• 7:20
  Speaker 4: store value than FIA currencies.
• 7:22
  Speaker 1: So do you guys feel that that is maybe the
• 7:25
  Speaker 1: destiny for like coin is more of a stable asset
• 7:29
  Speaker 1: that we could see traditional investors moving into like a
• 7:32
  Speaker 1: stable coin or do you think it's still a speculative play.
• 7:36
  Speaker 3: Well, I think everything's a specuative play still at this
• 7:38
  Speaker 3: point to some degree. But I feel like like coin
• 7:42
  Speaker 3: is in this very unique position to where it can
• 7:46
  Speaker 3: play as a store value and for merchants as well.
• 7:49
  Speaker 2: So like if you look at bit pay, coin.
• 7:52
  Speaker 3: Gate a few of the others that do crypto payment processing,
• 7:56
  Speaker 3: like coin is either number one or number two for
• 7:59
  Speaker 3: total payments a month, right above all stable coins. So
• 8:04
  Speaker 3: like coin led for two years actually on bit pay,
• 8:07
  Speaker 3: blowing away all the stable coins that were on.
• 8:09
  Speaker 2: There, and they just surpassed.
• 8:12
  Speaker 3: I think it's USDT on coin gate and is now
• 8:15
  Speaker 3: in the number two position behind Bitcoin and coin gates
• 8:18
  Speaker 3: to one of the most popular ones in Europe. So
• 8:20
  Speaker 3: I think there's something to be said for people who
• 8:22
  Speaker 3: are holding on to their light coin or bitcoin or
• 8:25
  Speaker 3: something that is considered a store of value and then
• 8:28
  Speaker 3: using it as a payment method later, versus holding it
• 8:31
  Speaker 3: in stable coins and then losing purchasing power over time,
• 8:35
  Speaker 3: just like with FIAT, since that's what it's mostly backed by.
• 8:39
  Speaker 1: I want to hit on a few points within this
• 8:41
  Speaker 1: because I want to kind of shift over to the
• 8:43
  Speaker 1: potential of securities and especially tokenized I should say tokenized treasuries,
• 8:49
  Speaker 1: but more on the side of how some of these
• 8:50
  Speaker 1: companies are starting to move. This is emmy I Pharma.
• 8:53
  Speaker 1: They're the one that is going to be potentially a
• 8:54
  Speaker 1: like coin treasury a couple of points within it. One
• 8:57
  Speaker 1: hundred million to launch, that's a big deal. And you
• 9:01
  Speaker 1: also have Citadel that is behind this as well. So
• 9:05
  Speaker 1: with all of that occurring right now, along with Citadel,
• 9:09
  Speaker 1: along with the fact that you guys are launching, when
• 9:11
  Speaker 1: other treasuries are starting to move into the market, do
• 9:14
  Speaker 1: you think there's going to be too many in the
• 9:16
  Speaker 1: market to where you can actually get the attention to
• 9:20
  Speaker 1: draw an investment.
• 9:21
  Speaker 2: What's your thought? Yeah, you have to be careful with that.
• 9:23
  Speaker 3: You definitely don't want to oversaturate a play like this,
• 9:27
  Speaker 3: And Charlie has even mentioned that, and I agree that.
• 9:32
  Speaker 3: You know, if you have one in the United States,
• 9:34
  Speaker 3: really solely concentrate on that one and build it up
• 9:37
  Speaker 3: as best you can.
• 9:38
  Speaker 2: We have one in.
• 9:39
  Speaker 3: Canada called lux Folio that has it as a treasury
• 9:42
  Speaker 3: as well. That would be the only one that we
• 9:44
  Speaker 3: would really try and necessarily give a lot of support
• 9:48
  Speaker 3: to or advise. And then you know, if it's sprinkled globally,
• 9:52
  Speaker 3: like like coins, a global payment system, anybody can use it.
• 9:56
  Speaker 3: There's no boundaries, and so why not have some treasure
• 9:59
  Speaker 3: plays in other countries. So I would recommend maybe looking
• 10:03
  Speaker 3: at getting you know, getting it entered into some other
• 10:07
  Speaker 3: exchanges around the world in those geographic areas versus I see, Okay.
• 10:11
  Speaker 2: Having them all piled within the United States in the.
• 10:14
  Speaker 1: United States, Well, listen, the United States, that's where you know,
• 10:17
  Speaker 1: that's where the most of the investment is occurring in
• 10:19
  Speaker 1: these ets. They're by far the number one country out there.
• 10:23
  Speaker 1: But back to your point earlier in the interview, you
• 10:25
  Speaker 1: mentioned that treasury companies should be investing back into the ecosystem,
• 10:30
  Speaker 1: et cetera. Do you know of any plans from em
• 10:34
  Speaker 1: i p's launch if they're planning on something other than
• 10:38
  Speaker 1: just holding the token.
• 10:39
  Speaker 3: Yes, we've had these conversations with them, and their intention
• 10:44
  Speaker 3: is to look very intently at adding mining into the
• 10:51
  Speaker 3: into the treasury playing okay, you know, hopefully like supporting
• 10:56
  Speaker 3: things like our annual Likecoin summit, which we just had
• 10:59
  Speaker 3: this last May rely next to the Bitcoin conference, yep,
• 11:03
  Speaker 3: and then investing potentially in some companies that will end
• 11:07
  Speaker 3: up building out the eco or the ecosystem or the
• 11:10
  Speaker 3: infrastructure on like coin for DeFi and smart contracts and
• 11:15
  Speaker 3: things like that.
• 11:15
  Speaker 1: All Right, So, David, let me play this clip for
• 11:18
  Speaker 1: you to kind of break down the way the community
• 11:21
  Speaker 1: is taking a look at this as well.
• 11:22
  Speaker 2: Take a look at hitcoin.
• 11:24
  Speaker 5: Just got bought by a holding company. And guess who
• 11:26
  Speaker 5: bought into the holding company.
• 11:27
  Speaker 2: Charlie Lee.
• 11:29
  Speaker 5: Charlie Lee, if you remember, he's the guy that started
• 11:31
  Speaker 5: like cooin when he was working at coinbase, and then.
• 11:34
  Speaker 2: He sold out.
• 11:34
  Speaker 5: He betrayed all his community and all his followers by
• 11:37
  Speaker 5: selling all of his light cooin at the top, was
• 11:39
  Speaker 5: it like twenty seventeen or twenty nineteen or something like that. Ridiculous.
• 11:44
  Speaker 5: He made tons of money. And then you know what
• 11:45
  Speaker 5: he did with his tons of money, He made tons
• 11:47
  Speaker 5: more by just buying bitcoin. So now he's super super rich.
• 11:50
  Speaker 5: And then guess what he does. He buys the company
• 11:52
  Speaker 5: that just bought all of light coin. Why because they're
• 11:56
  Speaker 5: going to drive to push light coin through to Wall
• 12:00
  Speaker 5: Street using an ETL and all the corporations are going
• 12:02
  Speaker 5: to buy like coin now.
• 12:03
  Speaker 1: All right, So you get the pushback there from the
• 12:06
  Speaker 1: audience from the community, My question is how do you
• 12:09
  Speaker 1: respond to that.
• 12:11
  Speaker 2: I've never even heard of this guy.
• 12:12
  Speaker 3: And I can tell you the community, the ones that
• 12:14
  Speaker 3: have been loyal through this whole thing, understand that actually
• 12:17
  Speaker 3: Charlie did it out of avoiding conflict of interest. I mean,
• 12:20
  Speaker 3: if you're going to have a decentralized crypto currency, and
• 12:23
  Speaker 3: every time the man posted a tweet it was going
• 12:26
  Speaker 3: up and down.
• 12:27
  Speaker 2: That's a lot of that's a lot of.
• 12:29
  Speaker 3: Undue hardship on him and on the community or anybody
• 12:32
  Speaker 3: that's investing in it. So it was just logical, Like
• 12:35
  Speaker 3: he divested at an average of two hundred and five dollars,
• 12:40
  Speaker 3: which is half of the all time high, so that's
• 12:44
  Speaker 3: not even close to the peak, right, and then he
• 12:46
  Speaker 3: takes it money and he reinvests it. He's our top
• 12:49
  Speaker 3: donor for a cooin foundation is probably ninety eight percent
• 12:53
  Speaker 3: of everything that we run off within a year, right,
• 12:56
  Speaker 3: So he was putting it back into the ecosystem. And
• 12:58
  Speaker 3: then now he buys into this this treasury through i P.
• 13:03
  Speaker 3: You know, now he's I suppose indirectly in the game
• 13:06
  Speaker 3: again by investing in it.
• 13:08
  Speaker 2: But he did it.
• 13:09
  Speaker 3: He did it to signify his faith and his ability
• 13:12
  Speaker 3: to understand what i P was doing and that he
• 13:15
  Speaker 3: agreed with it, right, and then he gets put on
• 13:17
  Speaker 3: the board in order to make sure that everything runs
• 13:21
  Speaker 3: the right, the right way, the light coin way. So
• 13:24
  Speaker 3: I think all of it is very very positive.
• 13:27
  Speaker 1: Okay, all right, well listen, we're going to be doing more.
• 13:30
  Speaker 1: We're going to cover light coin a little bit more
• 13:31
  Speaker 1: because we're getting more people out there asking about it.
• 13:34
  Speaker 1: So we'd love to have you back on. But thanks
• 13:35
  Speaker 1: so much for coming in today. We appreciate it.
• 13:37
  Speaker 2: Thank you, Paul, I appreciate it.
• 13:39
  Speaker 1: You bet, are you guys? If you are not in
• 13:41
  Speaker 1: the Diamond Circle, make sure and get in that right now.
• 13:43
  Speaker 1: It's our own private group that you can be part
• 13:45
  Speaker 1: of it absolutely free. Will leave a link down below.
• 13:48
  Speaker 1: All you have to do is click that. It's going
• 13:49
  Speaker 1: to take you right to the page to sign up.
• 13:51
  Speaker 1: Follow me on X at Paul Baron. We'll catch you
• 13:54
  Speaker 1: next time right here on The Paul Baron Show.