Latest / The Paul Barron Crypto Show / Canada Just Declared War On U.S. Banks 💥Solana Chosen For Stablecoin

Transcript

Canada Just Declared War On U.S. Banks 💥Solana Chosen For Stablecoin · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Canada is moving into a crypto war. Today, we're going
• 0:02
  Speaker 1: to be breaking it down for you guys because I
• 0:04
  Speaker 1: think this news has slipped a bit under the radar
• 0:07
  Speaker 1: as we're starting to see why Solana is surging. Before
• 0:10
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• 0:43
  Speaker 1: that you should be doing to set yourself up for success.
• 0:46
  Speaker 2: Let's break it all down. I do want to start
• 0:48
  Speaker 2: with this right here.
• 0:50
  Speaker 1: Solana is rising above 120 for the first time since January,
• 0:54
  Speaker 1: now up over 100% this year. Can you imagine investing
• 0:58
  Speaker 1: in Solana? Well, if you watch on our channel, you
• 1:00
  Speaker 1: were investing in Solana, so kudos to you. But are
• 1:02
  Speaker 1: you selling Solana at 120, or do you think this
• 1:06
  Speaker 1: is just the beginning? Let me know in the comments
• 1:08
  Speaker 1: down below. I want to play a clip for you guys,
• 1:11
  Speaker 1: because this is Canada choosing Solana.
• 1:14
  Speaker 2: Take a look.
• 1:14
  Speaker 3: I think what Kasim was speaking about with the agentic opportunities,
• 1:18
  Speaker 3: I completely agree that's very important. But for us right now,
• 1:22
  Speaker 3: we're focused on making sure that stablecoins work in Canada.
• 1:26
  Speaker 3: And so the features aren't really the exciting ones. It's
• 1:29
  Speaker 3: more the boring ones, I would say. Token extensions, transfer hooks.
• 1:36
  Speaker 3: This one's a little bit maybe, come talk to me
• 1:38
  Speaker 3: if you don't feel good about it, but permanent delegate,
• 1:40
  Speaker 3: we can freeze or recover when a court declares it.
• 1:42
  Speaker 3: That's part of what we have to legally be able
• 1:44
  Speaker 3: to do to be able to operate in Canada. Solana
• 1:47
  Speaker 3: allows us to do these things.
• 1:50
  Speaker 4: All right.
• 1:50
  Speaker 1: So a couple of things that they hit on there.
• 1:53
  Speaker 1: Interesting statements is that Canada is moving to a Canadian
• 1:57
  Speaker 1: dollar within the Solana ecosystem. Interesting point she got on.
• 2:01
  Speaker 2: There at the end, which is the ability to freeze.
• 2:04
  Speaker 1: That's something that I think the Canadian government has been
• 2:06
  Speaker 1: able to do in the past.
• 2:07
  Speaker 2: They'll be able to do it now with your stable coins.
• 2:10
  Speaker 1: And of course, you've got this right here where Tetra
• 2:13
  Speaker 1: Digital is launching CADD, which is the Canadian dollar stable
• 2:18
  Speaker 1: coin on Solana, you'll be able to get this on-chain.
• 2:21
  Speaker 1: So if you're a Canadian and you're buying crypto today,
• 2:25
  Speaker 1: obviously you're probably buying Solana, but I'm kind of curious,
• 2:28
  Speaker 1: are you willing to go ahead and start to move
• 2:30
  Speaker 1: your assets into a Canadian dollar stable coin, or would
• 2:34
  Speaker 1: you continue to use Tether, USDC, or other stable coins
• 2:39
  Speaker 1: out there Let me know. I'm kind of curious of
• 2:41
  Speaker 1: how that might play out. One of the news that
• 2:44
  Speaker 1: is good for Solana is App and Glow, of course,
• 2:46
  Speaker 1: is rolled out on testnet now. The new system could
• 2:49
  Speaker 1: make Solana transactions finality 85 times faster in terms of speed.
• 2:56
  Speaker 1: And that is huge because when you look at it
• 2:58
  Speaker 1: right there on that image, you can kind of see
• 2:59
  Speaker 1: the speed that's happening here at 150 milliseconds versus 12.8. Guys,
• 3:05
  Speaker 1: we're talking about next evolution finance and it's happening right now.
• 3:09
  Speaker 1: Six Canadian banks are exploring tokenized deposit initiative. This is
• 3:14
  Speaker 1: something we reported on not too long ago. And this,
• 3:17
  Speaker 1: of course, I think is still something that we will
• 3:19
  Speaker 1: see traditional finance move forward on. Remember, though, Canada was
• 3:24
  Speaker 1: first to crypto ETFs. They were first to a lot
• 3:27
  Speaker 1: of innovation in finance. And now they are first to
• 3:30
  Speaker 1: essentially a true Canadian dollar on a stable coin, that
• 3:35
  Speaker 1: the US government, I should say the Canadian government, is
• 3:37
  Speaker 1: pretty much in control of.
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  Speaker 2: So that is a big step in the right direction.
• 3:42
  Speaker 1: If you look at Scotiabank, which is adding multi-crypto ETFs,
• 3:46
  Speaker 1: all of this is happening via 3iQ. This is, again,
• 3:50
  Speaker 1: just more advancements that's happening out of one of the
• 3:53
  Speaker 1: big ones that has been out there really looking at
• 3:56
  Speaker 1: crypto for quite some time, and that is Canada. The
• 3:58
  Speaker 1: fund offers exposure on four crypto projects out there, Bitcoin, ETH, Solana,
• 4:03
  Speaker 1: and XRP. This is all rolling out until March of 2027.
• 4:09
  Speaker 1: So pricing, of course, could be accordingly to that. And
• 4:13
  Speaker 1: these are big tokens. I mean, these are the biggest
• 4:15
  Speaker 1: tokens out there on the exchanges. And of course, in
• 4:17
  Speaker 1: terms of overall market cap, other companies that are moving
• 4:21
  Speaker 1: into Canada. Well, you've got Robinhood talking about this right now,
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  Speaker 1: that crypto is just their first step into Canada. As
• 4:28
  Speaker 1: Johan is talking about how they are moving not only
• 4:31
  Speaker 1: the brokerage, but also the trading platform. and they want
• 4:34
  Speaker 1: to bring more competition into the Canadian market. You've got
• 4:37
  Speaker 1: Coinbase joining in right there with Coinbase launching its derivative
• 4:41
  Speaker 1: contracts in Canada. So these are American companies starting to
• 4:45
  Speaker 1: move into Canada. Now, the question will be, do they
• 4:49
  Speaker 1: get the kind of embrace that other countries have had
• 4:52
  Speaker 1: with these kind of companies or not?
• 4:55
  Speaker 2: Well, we'll see pretty quickly.
• 4:57
  Speaker 3: U.S.
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  Speaker 2: Private equity, though, is on the other side.
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  Speaker 1: They're actually buying Canada's biggest payment processor, This may not
• 5:03
  Speaker 1: be a good thing. Some people are worried about sovereignty.
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  Speaker 1: But I think the bigger issue here, has Canada moved on?
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  Speaker 1: Are they looking at next generation finance after watching what's
• 5:16
  Speaker 1: happened here in the U.S. with our own Congress failing
• 5:20
  Speaker 1: in clarity? Is Canada saying, hey, maybe now is the
• 5:23
  Speaker 1: step forward we need to take? I want to play
• 5:25
  Speaker 1: a clip for you because this is Canada explaining a
• 5:29
  Speaker 1: little bit more about the partnership with the EU.
• 5:31
  Speaker 2: Take a look.
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  Speaker 5: Opening the door to Canada to become the European Union's
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  Speaker 5: first associate member. Canada and Europe should consider exploring an
• 5:44
  Speaker 5: integrated market for financial services to broaden choice and reduce
• 5:48
  Speaker 5: costs for our citizens, to improve access to capital for
• 5:52
  Speaker 5: our companies while maintaining our world-leading financial resilience.
• 5:59
  Speaker 1: You had Carney kind of placing what they're planning and
• 6:03
  Speaker 1: going into the EU with more of a deeper relationship
• 6:07
  Speaker 1: and partnership. If you look at the MECA regulated exchanges,
• 6:13
  Speaker 1: this is kind of an interesting play because I want
• 6:15
  Speaker 1: you to think about where Canada could be playing in
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  Speaker 1: terms of even a little bit looser to the vest
• 6:22
  Speaker 1: and maybe a little bit more innovative than even the
• 6:25
  Speaker 1: EU when it comes to their MECA regulations and Could
• 6:27
  Speaker 1: Canada be setting up for possibly a global position to
• 6:32
  Speaker 1: try to get into the crypto markets? Remember, there's three
• 6:34
  Speaker 1: major markets, if you look at it, outside of the U.S.
• 6:38
  Speaker 1: You obviously have the Asian markets, which are in major
• 6:41
  Speaker 1: control to a certain extent. Dubai had a good pole position.
• 6:45
  Speaker 1: Things have changed slightly there. MECA has, of course, set
• 6:48
  Speaker 1: up the EU potentially, and is Canada trying to get
• 6:50
  Speaker 1: a pole position now with what they are doing around stablecoins?
• 6:54
  Speaker 1: I want to go to another clip. Because this may
• 6:56
  Speaker 1: have been a plan all along. This is Carney eight
• 7:00
  Speaker 1: years ago.
• 7:01
  Speaker 2: Take a look.
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  Speaker 4: I mean, so part of the genius, if you will,
• 7:05
  Speaker 4: of cryptocurrencies is that, as we all know, they're distributed.
• 7:08
  Speaker 4: They cut out the central banks, they cut out the banks,
• 7:10
  Speaker 4: and they're ideally directly peer-to-peer between you and I.
• 7:14
  Speaker 6: If you're J.P.
• 7:15
  Speaker 2: Morgan or any financial institution, you're basically saying you think
• 7:18
  Speaker 2: the most positive thing about this technology is it can
• 7:21
  Speaker 2: get rid of all the profits that you make as
• 7:23
  Speaker 2: a financial intermediary.
• 7:24
  Speaker 5: Is that basically where you're going?
• 7:26
  Speaker 6: Well, look.
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  Speaker 4: Payment costs are going to keep going down. The profits
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  Speaker 4: from this business, I would expect, will go down.
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  Speaker 2: All right.
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  Speaker 1: So there you have Carney kind of putting a bullseye
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  Speaker 1: on the business that JPMorgan and many financial institutions.
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  Speaker 2: And remember, the U.S.
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  Speaker 1: Is pretty much the mecca of financial services and especially
• 7:47
  Speaker 1: the mecca of financial profits when it comes to Wall
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  Speaker 1: Street and some of the biggest funds out there. And
• 7:52
  Speaker 1: maybe Carney has planned this all along, and this is
• 7:56
  Speaker 1: just the step in which he was placed into Canada
• 8:00
  Speaker 1: from the EU to be able to orchestrate all of
• 8:02
  Speaker 1: this happening as it is right now. Now, there are
• 8:05
  Speaker 1: some things that still have to be done in terms
• 8:07
  Speaker 1: of a good transition, and that usually requires somebody in
• 8:12
  Speaker 1: the middle. And who is our favorite Canadian? Well, you
• 8:16
  Speaker 1: got Kevin O'Leary.
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  Speaker 2: Watch this clip.
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  Speaker 6: I came down yesterday from... The Carney Economic Summit. I
• 8:27
  Speaker 6: attended the sessions and he did something that's never happened before.
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  Speaker 6: He basically got the provinces competing with each other like
• 8:34
  Speaker 6: it was a shark tank. Each premier had a microphone.
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  Speaker 6: They had a trillion dollars in the room, investors like me,
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  Speaker 6: and they got to pitch for eight minutes, just like
• 8:43
  Speaker 6: Shark Tank. And I looked at it and said, there's
• 8:45
  Speaker 6: only two winners. All right, so Kevin thinks this is
• 8:48
  Speaker 6: a short-lived trade war.
• 9:16
  Speaker 1: He thinks that the partnership is just a matter of
• 9:18
  Speaker 1: steps away. All right, I've got one more clip here
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  Speaker 1: by Kevin, and he's starting to kind of correlate maybe
• 9:26
  Speaker 1: a new strategy here.
• 9:27
  Speaker 2: So let's take a look.
• 9:29
  Speaker 6: The assumption was that the Clarity Act was going to pass.
• 9:32
  Speaker 6: And so most of the analysts at the conference said, OK,
• 9:35
  Speaker 6: it's time to allocate one or two percent into crypto.
• 9:38
  Speaker 2: What names?
• 9:39
  Speaker 6: And then the Clarity Act didn't pass, so we had
• 9:42
  Speaker 6: 27 positions on. We got rid of some of them
• 9:44
  Speaker 6: before that conference, and then the rest we got slaughtered on.
• 9:47
  Speaker 6: But we kept our BTC and our ETH. It's not
• 9:51
  Speaker 6: clear that Ethereum is going to be the winner blockchain
• 9:54
  Speaker 6: for all sectors of the economy. Swano?
• 9:57
  Speaker 2: And Avalanche. I remember hearing that name.
• 9:59
  Speaker 6: Because it turns out Avalanche can develop your own private
• 10:04
  Speaker 6: chain easily. How are we going to adopt blockchain into
• 10:08
  Speaker 6: each of the 11 sectors? Is it one standard? Then
• 10:11
  Speaker 6: you want to own that one. If it was Ethereum,
• 10:12
  Speaker 6: you'd want to own it. Or is each sector going
• 10:16
  Speaker 6: to adopt a different chain?
• 10:20
  Speaker 1: All right, so to Kevin's credit is that he has
• 10:25
  Speaker 1: identified a little bit late that there are actually multiple
• 10:29
  Speaker 1: chains out there, and there are chains that definitely can
• 10:33
  Speaker 1: run around this new economy, and Avalanche would be a
• 10:36
  Speaker 1: good example of one. Solana would be another one. If
• 10:38
  Speaker 1: you look at what Bitwise is doing right here, this
• 10:41
  Speaker 1: is one week out, and this is what they are
• 10:43
  Speaker 1: doing in terms of asset allocation. You've got Near Protocol
• 10:48
  Speaker 1: leading the charge, but Avalanche right behind it. And then
• 10:51
  Speaker 1: when you go into DeFi, you got Uniswap and Athena
• 10:53
  Speaker 1: right behind it. Obviously, you can kind of see there
• 10:57
  Speaker 1: is a pattern here. And that is there is a situation,
• 11:00
  Speaker 1: I think, where we do see a multi-chain world. That
• 11:04
  Speaker 1: will be the case. Will there be a bunch of them?
• 11:06
  Speaker 1: Probably not. There will be a handful, just like there
• 11:09
  Speaker 1: are right now with infrastructure that pretty much exists globally
• 11:14
  Speaker 1: to move assets.
• 11:16
  Speaker 2: And I think that will be the case.
• 11:17
  Speaker 1: But it will boil down to either the chains that
• 11:21
  Speaker 1: are already here, or guess what, guys? There actually may.
• 11:23
  Speaker 2: Be a new player that's not even in the game yet.
• 11:26
  Speaker 1: So this is the kind of tech innovation that we
• 11:28
  Speaker 1: are facing, and I think everyone needs to get ready
• 11:32
  Speaker 1: for that because it's going to happen. You've got a
• 11:35
  Speaker 1: billion in AUM. You've got Zcash absolutely hitting a new milestone. This,
• 11:39
  Speaker 1: of course, is a privacy component that still will continue
• 11:43
  Speaker 1: to play out here. Whether you believe in Zcash or not,
• 11:46
  Speaker 1: the key is you've got to understand privacy is going
• 11:49
  Speaker 1: to be a key position that I think a lot
• 11:51
  Speaker 1: of people are going to look at. So privacy will
• 11:54
  Speaker 1: play a huge role. It's going to be one of
• 11:57
  Speaker 1: the critical ones for institutions to come in. But I
• 11:59
  Speaker 1: think it's going to be one of the critical components
• 12:02
  Speaker 1: for even the sophisticated investor. And that, I think, is
• 12:05
  Speaker 1: going to be a transition of wealth from the boomers
• 12:08
  Speaker 1: to Gen Z and Gen Y millennials. And that in
• 12:12
  Speaker 1: themselves are going to be looking for those kinds of solutions.
• 12:15
  Speaker 1: So watch for those as well. Now, Tom Lee is
• 12:18
  Speaker 1: looking six months out and says there are some things
• 12:21
  Speaker 1: that are prepping up right now that you need to
• 12:24
  Speaker 1: pay attention to.
• 12:25
  Speaker 2: Take a look.
• 12:27
  Speaker 7: But I think what's kind of lost in the conversation
• 12:29
  Speaker 7: is two things. Number one is where will rates be
• 12:34
  Speaker 7: in six months because where will inflation be? And second,
• 12:39
  Speaker 7: I think rising yields make sense. competition better for stronger companies,
• 12:44
  Speaker 7: meaning there are going to be some companies that actually
• 12:47
  Speaker 7: become more attractive as yields rise. And I think as
• 12:49
  Speaker 7: you're pointing out, Scott, that's probably why the mag seven
• 12:52
  Speaker 7: are rising, you know, as, as yields rise, their ability
• 12:54
  Speaker 7: to fund still becomes is easy, but for competitors, it's tougher.
• 12:59
  Speaker 7: And on the inflation side, I, I still think the
• 13:03
  Speaker 7: next six months will be the most important because of
• 13:05
  Speaker 7: inflation starts to decline. This is not because of the
• 13:08
  Speaker 7: Fed hikes that happened last week. It's because of the
• 13:12
  Speaker 7: policy that's already in place. And I think that means
• 13:15
  Speaker 7: the Fed could actually walk back some of that hawkishness.
• 13:18
  Speaker 2: All right.
• 13:18
  Speaker 1: So if Tom is right and inflation subsides, there would
• 13:23
  Speaker 1: have to be a lot of key things that would
• 13:25
  Speaker 1: have to happen, mostly generated around energy. Then, yeah, that's
• 13:30
  Speaker 1: a possibility that we could see an alternate.
• 13:33
  Speaker 2: Pathway for the Fed to go forward.
• 13:36
  Speaker 1: The other issue that I think plays into this on
• 13:38
  Speaker 1: a macro standpoint may be the acceleration curve that we're
• 13:42
  Speaker 1: looking at with crypto and AI. And that still, I think,
• 13:45
  Speaker 1: is the bigger angle here, whether you want to look
• 13:48
  Speaker 1: on the anti-AI side of things or you want to
• 13:51
  Speaker 1: look on the pro-AI side of things, because this is
• 13:54
  Speaker 1: going to, I think, at some point, most investors are
• 13:57
  Speaker 1: going to get to a point where they understand that
• 13:59
  Speaker 1: crypto and AI are in lockstep. And One doesn't succeed
• 14:03
  Speaker 1: without the other because at some point, commerce is going
• 14:06
  Speaker 1: to be transacted and transacting within an AI ecosystem. Blockchain
• 14:10
  Speaker 1: is the narrative and it's the natural.
• 14:12
  Speaker 2: Evolution of it.
• 14:13
  Speaker 1: So to Tom's point, this is all going to boil
• 14:16
  Speaker 1: around productivity as to whether or not we see inflation
• 14:20
  Speaker 1: start to come down. If we do and Warsh can
• 14:24
  Speaker 1: step back rates, then yeah, you're looking for a potential
• 14:27
  Speaker 1: bull run here, guys, that we have not seen before.
• 14:30
  Speaker 2: Before.
• 14:30
  Speaker 1: So let me know in the comments if you think
• 14:32
  Speaker 1: that's about to happen, and we're going to be covering
• 14:35
  Speaker 1: this and a lot more.
• 14:36
  Speaker 2: So stay tuned.
• 14:43
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• 14:45
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• 14:49
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• 14:49
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