Latest / The Paul Barron Crypto Show / Did Institutions Buy The Dip?📉$BTCS Ethereum Treasury🔥CEO INTERVIEW

Transcript

Did Institutions Buy The Dip?📉$BTCS Ethereum Treasury🔥CEO INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's dive into ethereum today and are whales starting to
• 0:03
  Speaker 1: inject capital into the network. We'll break it all down
• 0:07
  Speaker 1: for you. My name is Paul Perre. Welcome back in.
• 0:08
  Speaker 1: But when you look at digital asset treasuries, if you
• 0:11
  Speaker 1: kind of look at the chart right here in terms
• 0:14
  Speaker 1: of these big yellow bubbles right there, those are acquisition points,
• 0:18
  Speaker 1: and we continue to see acquisitions occurring within the asset treasuries.
• 0:24
  Speaker 1: You guys have seen the ether reserve ranking right there.
• 0:27
  Speaker 1: We're going to get of course BTCS on the show today,
• 0:30
  Speaker 1: but you can kind of see it a bit mind
• 0:31
  Speaker 1: leading the pack there, BTS holding the number six. So
• 0:34
  Speaker 1: we thought let's get Charles in from BTCS to kind
• 0:38
  Speaker 1: of break down what's happening in the markets. Charles, welcome
• 0:41
  Speaker 1: back in. Thanks for coming in.
• 0:42
  Speaker 2: Yeah, Paul, thanks for having me back. It's great to
• 0:44
  Speaker 2: go to the show.
• 0:45
  Speaker 1: So let's go into a couple of points. I want
• 0:47
  Speaker 1: to hit on one thing that you guys put You
• 0:50
  Speaker 1: put out this tweet over the weekend, while not material.
• 0:53
  Speaker 1: On Saturday, BTCS picked up another million and a half
• 0:56
  Speaker 1: in the eight in the thirty eight hundred dollars range,
• 0:59
  Speaker 1: So goodbye for you guys, and DeFi continues to perform,
• 1:03
  Speaker 1: so AVE was still doing great. UNISWAP running twenty four
• 1:06
  Speaker 1: to seven, meaning you've got access. These are the kind
• 1:09
  Speaker 1: of things that happened throughout these weekends. Why first of all,
• 1:12
  Speaker 1: why do you think we were seeing both institutional companies
• 1:16
  Speaker 1: like yourself in the A on the digital asset treasury
• 1:19
  Speaker 1: groups really going all in in a time where I
• 1:22
  Speaker 1: think a lot of traders were very, very spooked by
• 1:26
  Speaker 1: what happened over the weekend.
• 1:27
  Speaker 3: I mean, I think you'll always have that issue of
• 1:29
  Speaker 3: traders trading, right, they're going to trade the short term,
• 1:34
  Speaker 3: you know, volatility of a market, and so we have
• 1:36
  Speaker 3: a very long term view on Ethereum. We're very bullish
• 1:39
  Speaker 3: on what it's going to do to change the way
• 1:42
  Speaker 3: digital assets are moved on a global scale. And so
• 1:45
  Speaker 3: we see a market crash, I mean, that's that's the
• 1:47
  Speaker 3: best time to buy, right. There's always that expression, like
• 1:49
  Speaker 3: when you're getting stock advice from like the hot dog
• 1:51
  Speaker 3: vendor in New York City, it's the time to sell.
• 1:54
  Speaker 3: When everybody else is selling, it's the time to buy. So,
• 1:57
  Speaker 3: you know, we saw that that kind of flash crash
• 1:59
  Speaker 3: on Friday. Unfortunately, I was at dinner with the family,
• 2:01
  Speaker 3: so we couldn't you know, pull the trigger and do
• 2:03
  Speaker 3: anything that night. But you know, we started the discussion
• 2:06
  Speaker 3: and you know, on Saturday we had you know, picked
• 2:08
  Speaker 3: up you know.
• 2:10
  Speaker 2: Another million and a half of ETH.
• 2:12
  Speaker 3: And what was great is we were able to do
• 2:13
  Speaker 3: that on defive So have we been using traditional exchanges.
• 2:18
  Speaker 3: It was you know, if it was cratified, we wouldn't
• 2:20
  Speaker 3: have been able to do that, And so we were
• 2:21
  Speaker 3: able to capture that, you know that that it was
• 2:24
  Speaker 3: close to the bottom as we possibly could well.
• 2:26
  Speaker 1: And I think you hit it right here on this tweet.
• 2:29
  Speaker 1: We saw the market flash crash, you guys remaining rock Soale,
• 2:32
  Speaker 1: We're all we are well over collateralized with zero liquidation.
• 2:36
  Speaker 1: So that's another advantage that you've got in terms of
• 2:39
  Speaker 1: how you guys are playing this market, which I think
• 2:41
  Speaker 1: is a good benefit to a lot of the people
• 2:44
  Speaker 1: who hold btcs. When you look at institutions right now,
• 2:48
  Speaker 1: Charles and you kind of compare this, I'll go to
• 2:50
  Speaker 1: the the et F tracker and these outflows that we've
• 2:54
  Speaker 1: started to see, now, typically what has happened after these
• 2:57
  Speaker 1: massive outflows If we have started to see the price
• 3:00
  Speaker 1: of eth start to track back up again. So this
• 3:04
  Speaker 1: is perfect timing where it appears to be perfect timing
• 3:06
  Speaker 1: for companies like yourself and others to really pack in
• 3:10
  Speaker 1: a lot of opportunity of buying these dips. Is this
• 3:12
  Speaker 1: a typical strategy that you guys are implementing.
• 3:16
  Speaker 2: It is, And we have kind of two strategies, right.
• 3:18
  Speaker 2: We have a fifty million dollars buy.
• 3:19
  Speaker 3: Back in place, so we're buying back shares when the
• 3:21
  Speaker 3: stock dips, and we have and we see opportunity on
• 3:25
  Speaker 3: the east side where we're going to do the same.
• 3:27
  Speaker 3: And so I think it's it's very natural that when
• 3:29
  Speaker 3: there's a flash crash or there's uncertainty, people panic sell
• 3:33
  Speaker 3: and that creates a great opportunity. Right when everybody is chasing,
• 3:37
  Speaker 3: chasing the highs and there's fear of missing out and buying,
• 3:40
  Speaker 3: that's typically when it's it's a great time to kind
• 3:42
  Speaker 3: of take a pause and say, okay.
• 3:43
  Speaker 2: Well, what is my valuation? Is this the right Is
• 3:45
  Speaker 2: this the right timing to institute and move right?
• 3:50
  Speaker 1: Well, you can kind of see it right here. This
• 3:52
  Speaker 1: is the total ethereum spot etf net inflow outflow. These
• 3:55
  Speaker 1: are the outflows that happen, and then we see these bounces, right, so,
• 4:00
  Speaker 1: coming off that boom, then we see the ether price
• 4:03
  Speaker 1: start to move up, which I think is kind of
• 4:06
  Speaker 1: in alignment with what you guys are trying to do
• 4:08
  Speaker 1: from a strategy standpoint. When you look at ETF holders
• 4:12
  Speaker 1: versus asset treasury holders, why do you think because this
• 4:16
  Speaker 1: seems like a completely different audience now, like you're you're
• 4:19
  Speaker 1: marketing to different people, kind of give me the breakdown
• 4:22
  Speaker 1: of the two, I think.
• 4:24
  Speaker 3: So, I mean, I think you know, ETF one are
• 4:26
  Speaker 3: just targeting and holding that underline, and so there's a
• 4:30
  Speaker 3: lot of the investors in an ETF maybe arbitraging that
• 4:34
  Speaker 3: against a DIGITALIZID treasury company. I've spoken to larger institutions
• 4:38
  Speaker 3: that are actually doing that and saying, well, okay, if
• 4:41
  Speaker 3: if a company that doesn't have much operations and all
• 4:43
  Speaker 3: it does is hold, let's say eth, they can sell
• 4:45
  Speaker 3: that short and buy the ETFs the in arbitrage it.
• 4:49
  Speaker 3: So I think in the public markets there's a lot
• 4:51
  Speaker 3: that's going to go on that is not as simple
• 4:53
  Speaker 3: as the price coming up or down, or I'm buying
• 4:54
  Speaker 3: loan and selling high. It's much more complex and so
• 5:00
  Speaker 3: I mean that's why I created an opportunity for the
• 5:01
  Speaker 3: weekend where you know, traditional markets are closed and we're
• 5:05
  Speaker 3: able to go in there and use DeFi and you
• 5:07
  Speaker 3: know borrow and you know, increase our exposure to ETH.
• 5:10
  Speaker 3: And it seems like it was a pretty bid call
• 5:12
  Speaker 3: based on you know where EATH is. You know, after
• 5:16
  Speaker 3: the long weekend, right, it's back, it's back up in
• 5:18
  Speaker 3: the four thousand range. I think it got up to
• 5:20
  Speaker 3: like close to forty five hundred right, looked moment, but
• 5:23
  Speaker 3: it's it was definitely a good opportunity.
• 5:26
  Speaker 1: Yeah. Well, I think you know, when we see the
• 5:28
  Speaker 1: markets doing what they are right now, and I think
• 5:31
  Speaker 1: a lot of people were in the position where if
• 5:33
  Speaker 1: they could get into this dip, this was a great benefit.
• 5:37
  Speaker 1: I think the key here is watching how the markets
• 5:39
  Speaker 1: respond now from here going forward. You look at the
• 5:43
  Speaker 1: news you put out this statement right here, big news
• 5:45
  Speaker 1: from Sharplink Gaming. They announced tokenization of s bet and
• 5:49
  Speaker 1: they're doing it the right way your claim here, Unlike
• 5:52
  Speaker 1: if you look at something of what's happening over on Onto,
• 5:55
  Speaker 1: which puts a lot more economic pressure on this around ownership.
• 6:00
  Speaker 1: Laying to our audience why this is a good move
• 6:03
  Speaker 1: doing it this way. I know you guys are obviously
• 6:05
  Speaker 1: in this direction as well.
• 6:06
  Speaker 3: Yeah, we already did this, right. We did this not
• 6:09
  Speaker 3: on super state, we did this on upstream. So it
• 6:12
  Speaker 3: was a platform that tokenized our stock on Ethereum splockchain.
• 6:15
  Speaker 3: I think there's like three years ago, and it's a
• 6:18
  Speaker 3: very lengthy process to get it's a very very hard process. Right,
• 6:23
  Speaker 3: You've got to get liquidity and you've got to get
• 6:25
  Speaker 3: companies on board these platforms.
• 6:27
  Speaker 2: So I think overall, tokenizing stock the right.
• 6:30
  Speaker 3: Way, and it's very important, the right way where you're
• 6:33
  Speaker 3: actually a record holder and you actually own those securities.
• 6:37
  Speaker 3: It is extremely fundamental in reforming how the capital markets work.
• 6:42
  Speaker 3: I think tokenizing stock in the wrong way, and I
• 6:44
  Speaker 3: would put that is, you know, going and getting the
• 6:46
  Speaker 3: shares for a brokerage firm and then tokenizing those where
• 6:50
  Speaker 3: you can have fractional shares and nobody knows who owns
• 6:53
  Speaker 3: what because the company issues of the shares. It goes
• 6:56
  Speaker 3: to seed and co and then it goes to the
• 6:58
  Speaker 3: brokers and it's just a legal reperation of ownership through
• 7:01
  Speaker 3: a chain that keeps adding layers and layers on top
• 7:03
  Speaker 3: of which is how you end up with fandom shares
• 7:06
  Speaker 3: and all these issues in the market. So I'm super
• 7:08
  Speaker 3: exciting when someone you know and any like Sharpling comes
• 7:10
  Speaker 3: out and says, hey, we're gonna do this, and we're.
• 7:12
  Speaker 2: Gonna do it the right way.
• 7:13
  Speaker 3: We're gonna do it on a platform where you actually
• 7:14
  Speaker 3: have direct ownership of those shares.
• 7:16
  Speaker 2: It's something we did in the past. We're not going
• 7:18
  Speaker 2: to pioneer it again.
• 7:19
  Speaker 3: We're gonna let other people take the arrows and make
• 7:21
  Speaker 3: it work, and if they do a good job at
• 7:23
  Speaker 3: it will follow suit. But it's definitely something I'm excited
• 7:25
  Speaker 3: to see happy happened, especially on ethereum flockchain.
• 7:29
  Speaker 1: Do you think that this solves the stock lending problem,
• 7:34
  Speaker 1: you know, when you're dealing with real ownership of that
• 7:37
  Speaker 1: stock applying to the tokenization process right now?
• 7:40
  Speaker 2: It should. I mean the issue you have right now,
• 7:42
  Speaker 2: and this is one of the reasons why we did
• 7:43
  Speaker 2: the vivid end is if you own stock and let's
• 7:46
  Speaker 2: say our company, your.
• 7:48
  Speaker 3: Broker can and will load it out without notifying you,
• 7:53
  Speaker 3: without without pay, and so someone can bet against you
• 7:58
  Speaker 3: and then they pull all those shares together on a
• 8:00
  Speaker 3: lending desk and then institutions can go to that lending desk,
• 8:02
  Speaker 3: borrow those shares and bet against the fundamental investors. So
• 8:05
  Speaker 3: if you tokenize those securities and you put them on
• 8:07
  Speaker 3: a blockchain, you have the ability to eliminate that issue.
• 8:13
  Speaker 3: You also don't have market makers that can print fake
• 8:15
  Speaker 3: shares that don't exist. It's like selling that, you know,
• 8:17
  Speaker 3: the title to a house you don't own. So it
• 8:20
  Speaker 3: eliminates all of those issues. It's a much harder model
• 8:25
  Speaker 3: to start from scratch and get into the market. And
• 8:28
  Speaker 3: that's why I worry that the tokenization of stocks the
• 8:31
  Speaker 3: brokerage firms is really a toxic thing for the capital
• 8:34
  Speaker 3: markets because now you've got a brokerage firm which would
• 8:36
  Speaker 3: be lending your shares, which could be you know, printing.
• 8:40
  Speaker 2: Fake ones, which market makers do.
• 8:42
  Speaker 3: They basically invent fake shares and sell them assuming they
• 8:46
  Speaker 3: have the assumption that they're going to be able to
• 8:47
  Speaker 3: rebuy those, right, So it's called market in any other businesses,
• 8:51
  Speaker 3: it's fraud.
• 8:52
  Speaker 2: In the stock market, it's real.
• 8:55
  Speaker 3: And so if now they can load or make up
• 8:58
  Speaker 3: shares or give shares to you a token in a
• 9:01
  Speaker 3: tokenized form on a platform, it's a layer below that
• 9:05
  Speaker 3: it's just piling on a what is already a bad system,
• 9:08
  Speaker 3: so it's using blockchain technology to propagate and make the
• 9:12
  Speaker 3: system it's already bad worse, versus say, hey, this technology
• 9:16
  Speaker 3: can completely rewrite how we do things, and let's use
• 9:18
  Speaker 3: that in.
• 9:18
  Speaker 2: The correct way.
• 9:19
  Speaker 1: Yeah. I think the strategies that you guys have taken.
• 9:22
  Speaker 1: Of course, this will be interesting, especially around the pivid in.
• 9:25
  Speaker 1: I was also looking at your tweet here when you
• 9:28
  Speaker 1: had the pivid in issued. How many people took advantage
• 9:31
  Speaker 1: of this? Let me kind of zoom in on that.
• 9:33
  Speaker 3: We haven't put that out yet, but it's in terms
• 9:36
  Speaker 3: of total number of shares, I mean, if you exclude management,
• 9:39
  Speaker 3: it's material.
• 9:41
  Speaker 1: Wow.
• 9:42
  Speaker 2: And we actually already paid the.
• 9:43
  Speaker 3: Vivid end, which is great, And we took a little
• 9:46
  Speaker 3: longer to reconcile some of the documents than we thought,
• 9:48
  Speaker 3: but that got paid out last week. So we had
• 9:51
  Speaker 3: set a record a payment data on or before October seventeen,
• 9:55
  Speaker 3: as you are now, if you're getting cash that's going
• 9:58
  Speaker 3: to go out on the payment ding we've actually already painted.
• 10:00
  Speaker 3: It goes to DTCC and they're going to give it
• 10:02
  Speaker 3: to the brokers, and the brokers are going to go
• 10:03
  Speaker 3: pay it to the shareholders whoever they may.
• 10:06
  Speaker 2: Be at that at that time.
• 10:08
  Speaker 3: And so if you if you took cash, you'll get
• 10:10
  Speaker 3: it on October seventeenth, and if you're short to stock,
• 10:12
  Speaker 3: go pay it on October seventeenth, all right.
• 10:14
  Speaker 1: And if you took eight is the same date. I'm
• 10:17
  Speaker 1: assuming we didn't pay it the same day.
• 10:18
  Speaker 3: We just we did it sometime last week, all right.
• 10:22
  Speaker 3: It was it was fast, right, I mean, it was processed.
• 10:25
  Speaker 3: You know, it took an hour to process. It was
• 10:28
  Speaker 3: just a question of making sure we had all of
• 10:30
  Speaker 3: the documents and pay in place that people adopted in
• 10:33
  Speaker 3: so right now, and if you look at our business
• 10:35
  Speaker 3: on the capital market side, you know, we did the
• 10:37
  Speaker 3: vivid end, We've got a fifty.
• 10:38
  Speaker 2: Million dollars buy back.
• 10:39
  Speaker 3: On the operational side, I think that's where we really
• 10:42
  Speaker 3: want to provide investors with, you know, phenomenal exposure to
• 10:47
  Speaker 3: ethan beyond and I see and beyond because we do
• 10:49
  Speaker 3: more than just hold eth.
• 10:50
  Speaker 2: We have an operating in business where we're we're a
• 10:52
  Speaker 2: block builder.
• 10:53
  Speaker 3: We represent anywhere between one to three percent of all
• 10:56
  Speaker 3: transactions that land on ETH with our block builder, and
• 10:59
  Speaker 3: that includes all the l two is you know that
• 11:01
  Speaker 3: that's a growing business. It was eighty percent of our
• 11:03
  Speaker 3: revenue in the last quarter. It was a huge driver
• 11:07
  Speaker 3: in last year for our revenue. So we think that,
• 11:10
  Speaker 3: you know that that's a core function. So we have
• 11:12
  Speaker 3: our Validator Operations, which is basically staking with higher yield
• 11:16
  Speaker 3: because we do it ourselves. We have our block builder,
• 11:18
  Speaker 3: which is high high revenue and revenue growth, and we're
• 11:22
  Speaker 3: looking at other other ways we can generate revenue within
• 11:25
  Speaker 3: the Ethereum.
• 11:27
  Speaker 2: Ecosystem because it really, unlike Bitcoin.
• 11:29
  Speaker 3: Ethereum is a you know, it's a it's a it's
• 11:31
  Speaker 3: a digital economy and you can.
• 11:33
  Speaker 2: Build businesses and so that's what we're really looking.
• 11:35
  Speaker 3: At doing is like how do we expand beyond just Hey,
• 11:39
  Speaker 3: we're a validator note operator, and.
• 11:41
  Speaker 2: We're a block builder, and we're.
• 11:43
  Speaker 3: We're also doing these other things. And we spent a
• 11:45
  Speaker 3: lot of time researching that.
• 11:47
  Speaker 2: The a lot of it's built.
• 11:48
  Speaker 3: We're just trying to figure out the accounting, which we
• 11:50
  Speaker 3: tend to we like to get the accounting.
• 11:52
  Speaker 2: Right before we jump in.
• 11:53
  Speaker 3: I think a lot of these dats have started to
• 11:55
  Speaker 3: jump into things that they don't understand the accounting side
• 11:58
  Speaker 3: they're going to pay the price later. But that's kind
• 12:00
  Speaker 3: of you know, how we see ourselves moving forward.
• 12:03
  Speaker 1: Okay, so you look at this flash crash, you compare
• 12:06
  Speaker 1: how retail and traditional traders dealt with this versus institutional.
• 12:13
  Speaker 1: Did this not really have much of an impact? Do
• 12:15
  Speaker 1: you feel on the institutional side and this was just
• 12:18
  Speaker 1: another opportunity for institutions to buy into this.
• 12:21
  Speaker 2: It depends on the institutions if they were levered.
• 12:24
  Speaker 3: Yeah, I mean there was I think there's one hundred
• 12:25
  Speaker 3: and eighty million dollars of ave that was like loans
• 12:28
  Speaker 3: and ivay that were liquidated, which is great that that
• 12:30
  Speaker 3: that whole ecosystem and define lending protocol held up and
• 12:35
  Speaker 3: didn't didn't break. I think there was issues with binance
• 12:39
  Speaker 3: if I f I recall where there was in that trash.
• 12:42
  Speaker 3: They had issues and that really speaks to how powerful
• 12:45
  Speaker 3: defile is. But back to your original questions for institutions,
• 12:49
  Speaker 3: if they're you know, properly invested and have the right
• 12:53
  Speaker 3: you know, risk management procedures and policies in place, I
• 12:56
  Speaker 3: don't think it really made much of a difference at all.
• 12:58
  Speaker 1: When you look at the ethereum right now, some adjustment adjustment. Now,
• 13:03
  Speaker 1: do you feel like this is a forty five hundred
• 13:06
  Speaker 1: dollars ETH first or a thirty five hundred dollars ETH first.
• 13:09
  Speaker 1: Where do you see this price going?
• 13:11
  Speaker 3: I mean, I think I'd like to believe it's a
• 13:14
  Speaker 3: forty five hundred. But again I'm biased. I'm bullish on ETH.
• 13:18
  Speaker 3: I'm bullistim blockchain. So we'll see, I wouldn't It wouldn't
• 13:21
  Speaker 3: shock me if you drop back down. These things happened
• 13:23
  Speaker 3: the market goes down. I think your better question is
• 13:26
  Speaker 3: where is it going to be at the end of
• 13:27
  Speaker 3: the year, Where's it going to be a year from now,
• 13:29
  Speaker 3: Where's it going to.
• 13:29
  Speaker 2: Be two three years from now? And that that's where
• 13:33
  Speaker 2: I'm most bullish. Not really.
• 13:35
  Speaker 1: When you look at the kind of investor that you
• 13:37
  Speaker 1: guys are are I want to say profiling but attracting,
• 13:41
  Speaker 1: do you feel like they are in a position where
• 13:44
  Speaker 1: they are looking at this long term like most ETH holders,
• 13:48
  Speaker 1: or do you feel like, hey, no, this is this
• 13:51
  Speaker 1: is kind of the slot that we're looking at for
• 13:54
  Speaker 1: short and interim burst on investing in the stock market,
• 13:57
  Speaker 1: and this just is our play on crypto.
• 13:59
  Speaker 2: Well, look, I.
• 14:00
  Speaker 3: Love all long term fundamental investors that believe in the
• 14:03
  Speaker 3: business and having a mix of retail and institutional, because
• 14:06
  Speaker 3: I think that's the perfect balance. The reality is that
• 14:08
  Speaker 3: doesn't exist if you're a public company. Anyone can go
• 14:11
  Speaker 3: buy your stock, and we have a lot of short
• 14:14
  Speaker 3: term investors that look on a day to day basis.
• 14:16
  Speaker 3: We have investors that are, you know, buying the stock
• 14:18
  Speaker 3: and selling covered calls. We have all sorts of investors.
• 14:23
  Speaker 3: I get emails from investors or messages on DM Well,
• 14:26
  Speaker 3: they're looking at the technical analysis. And as far as
• 14:29
  Speaker 3: investors go, I mean, I think it is a public company.
• 14:31
  Speaker 2: You just you get what you get, and you know, you.
• 14:34
  Speaker 3: Do your best to try to rope in and get
• 14:37
  Speaker 3: fundamental investors that believe in the story and management where
• 14:40
  Speaker 3: you're taking the company.
• 14:41
  Speaker 1: Yeah, for sure. I'm looking back at this tweet, I
• 14:43
  Speaker 1: was surprised at how many people think that the market
• 14:46
  Speaker 1: is bullish right now. This of course happened. We put
• 14:49
  Speaker 1: this out on the thirteen, just yesterday afternoon, and whether
• 14:52
  Speaker 1: it was bullish or barrass and then we saw the pullback.
• 14:54
  Speaker 1: So I think a lot of the market is still
• 14:57
  Speaker 1: very very bullish on where it's going from here, especially
• 15:01
  Speaker 1: unto the Clarity Act potentially, and a couple of rate
• 15:04
  Speaker 1: cuts that still are going to play into this. Do
• 15:06
  Speaker 1: you feel like that's going to change any of your business?
• 15:09
  Speaker 1: Rate cuts, Clarity Act again, more positive nature for DeFi,
• 15:13
  Speaker 1: and obviously crypto overall.
• 15:15
  Speaker 3: Well, I would break into two categories. So rate cuts
• 15:18
  Speaker 3: is just general macronach economic effects. It will effect not
• 15:21
  Speaker 3: really our business, but probably our stock just like any
• 15:23
  Speaker 3: other stock. The Clarity Act is really big because it's
• 15:26
  Speaker 3: going to touch on defile.
• 15:27
  Speaker 2: We'll see where that goes.
• 15:29
  Speaker 3: My recollection of where it left off is it's in
• 15:32
  Speaker 3: the Senate, there's some changes that it may not be great.
• 15:34
  Speaker 3: It's obviously back to the House. You know, Congress is
• 15:37
  Speaker 3: going to have to come to a consensus on what
• 15:40
  Speaker 3: it will be and then get that to the President
• 15:42
  Speaker 3: for signature.
• 15:43
  Speaker 2: So I think that could be.
• 15:45
  Speaker 3: One of the biggest catalysts, especially if it's if it
• 15:49
  Speaker 3: comes out with positive regulation for DeFi, where it could
• 15:54
  Speaker 3: really drive you know, the price right that could be
• 15:57
  Speaker 3: something where you could have you could see a twenty
• 15:59
  Speaker 3: five fifth the hundredercent price increase based on having positive
• 16:04
  Speaker 3: regulation in the market, so that we can seeing.
• 16:07
  Speaker 2: Adoption when that occurs.
• 16:09
  Speaker 3: Who knows right like, we've got to come and shut down,
• 16:12
  Speaker 3: you know, when things pick back up and get back
• 16:14
  Speaker 3: on track, we'll see yeah.
• 16:15
  Speaker 1: For sure. Listen, you guys should keep a track on
• 16:19
  Speaker 1: the Strategic eth Reserve listing right there. You'll see BTCS
• 16:22
  Speaker 1: holding in right there. Check them out, learn a little
• 16:25
  Speaker 1: bit more. If you're getting into digital asset treasures, which
• 16:27
  Speaker 1: seems to be one of the biggest things I'm getting
• 16:30
  Speaker 1: questions on. Is I think retail is also waking up
• 16:33
  Speaker 1: to this now going wait a minute, this is kind
• 16:35
  Speaker 1: of like micro strategy, and they kind of know what
• 16:37
  Speaker 1: that is from a bitcoin stance, but they're learning about
• 16:40
  Speaker 1: it here on ethereum. So Charles has been great having
• 16:43
  Speaker 1: you on today. Thank you so much. We'll keep a
• 16:45
  Speaker 1: close eye on what's happening over at BTCS. Appreciate it,
• 16:50
  Speaker 1: Thanks so much. You bet all right, you guys. If
• 16:52
  Speaker 1: you're not in our Diamond Circle, that's a place where
• 16:54
  Speaker 1: you guys can get additional content from us, and we
• 16:57
  Speaker 1: do an email out there every week that's just an
• 17:00
  Speaker 1: update on the markets kind of where I see where
• 17:02
  Speaker 1: this trends and where trends are going. So all you
• 17:05
  Speaker 1: have to do is just hit the link down below.
• 17:07
  Speaker 1: It's free to get in and of course catch me
• 17:08
  Speaker 1: out there on X at Paul Baron. We'll catch you
• 17:11
  Speaker 1: next time right here on The Paul Baron Show.