Latest / The Paul Barron Crypto Show / Post-CLARITY Crypto Predictions!🔥GRAYSCALE Zach Pandl INTERVIEW🚨

Transcript

Post-CLARITY Crypto Predictions!🔥GRAYSCALE Zach Pandl INTERVIEW🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's get into some top predictions post Clarity today because
• 0:03
  Speaker 1: something big is happening in DC.
• 0:05
  Speaker 2: I'll break it down with you.
• 0:06
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• 0:36
  Speaker 1: get started. I want to bring in Zach pandele coming
• 0:39
  Speaker 1: in from Grayscale to break it down today.
• 0:42
  Speaker 2: Zach, how are you?
• 0:43
  Speaker 3: I'm great, Paul.
• 0:43
  Speaker 4: The weather's warming up, the markets are warming up, looking
• 0:47
  Speaker 4: forward to this discussion.
• 0:48
  Speaker 1: Eleanor Tarrett put out a piece per Politico. The stable
• 0:52
  Speaker 1: coin issue around Clarity seems to be coming to a head.
• 0:57
  Speaker 1: They're going to move this in right into the markup
• 1:00
  Speaker 1: before it releases. It but it looks like this is
• 1:02
  Speaker 1: a done deal going into the Senate right now.
• 1:06
  Speaker 2: What's your thoughts on this? How do you feel about
• 1:07
  Speaker 2: this so far?
• 1:08
  Speaker 3: I feel optimistic.
• 1:10
  Speaker 4: I think in some of Eleanor's reporting she used the
• 1:13
  Speaker 4: term guardedly optimistic cautiously optists. I'm going to go ahead
• 1:17
  Speaker 4: and say I'm full blown optimistic on where this is
• 1:20
  Speaker 4: heading at the moment. Look, having watched the Senate grind
• 1:25
  Speaker 4: through negotiations on lots of different types of legislation over
• 1:29
  Speaker 4: the years, sometimes it's a good sign when the key
• 1:32
  Speaker 4: players are being careful about what they say in public
• 1:37
  Speaker 4: and very thoughtfully managing the process. And that's what I
• 1:40
  Speaker 4: see happening. I think you have a delicate balance achieved
• 1:43
  Speaker 4: between the key parties and they want to make sure
• 1:46
  Speaker 4: the process goes as smooth as possible, and so they're
• 1:48
  Speaker 4: eliminating the amount of broad public discussion before putting it
• 1:52
  Speaker 4: in front of the committee. So it looks good on
• 1:54
  Speaker 4: track from my standpoint.
• 1:56
  Speaker 1: I agree with you optimistic. I'm a little bit more
• 2:00
  Speaker 1: skeptical that this gets through, but I'm very optimistic.
• 2:03
  Speaker 2: So that's where we are right now.
• 2:05
  Speaker 1: If you look at the market in general, and you
• 2:07
  Speaker 1: kind of compare the growth of what we've seen right
• 2:11
  Speaker 1: here in terms of overall revenue and crypto I anticipate
• 2:15
  Speaker 1: we're going to see another explosion coming up with Clarity,
• 2:19
  Speaker 1: of course locking in and opening up a lot of
• 2:22
  Speaker 1: opportunities here in terms of what major announcements in acquisitions
• 2:27
  Speaker 1: do you predict that might happen post Clarity? Are you
• 2:30
  Speaker 1: looking at anything right now?
• 2:32
  Speaker 3: Well, there's quite a lot I think can happen, Paul.
• 2:35
  Speaker 4: I think last year we talked a lot about the
• 2:37
  Speaker 4: Genius Act and the signal that that gave to big
• 2:41
  Speaker 4: Wall Street players and engaging on stable coins. I think
• 2:44
  Speaker 4: in Clarity in some ways we can think about in
• 2:46
  Speaker 4: a similar way. There's a lot of stuff that's happening
• 2:49
  Speaker 4: besides Clarity, but this is going to be a giant.
• 2:51
  Speaker 3: Signal for banks, for brokers, etc.
• 2:55
  Speaker 4: That are not fully investing in the crypto ecosystem to
• 2:58
  Speaker 4: press ahead with those plans. We're seeing a lot of
• 3:02
  Speaker 4: acquisition activity already this week. We mentioned in some of
• 3:05
  Speaker 4: our reports e. Toro buying a crypto wallet provider just
• 3:10
  Speaker 4: you know, one of many examples that you see ongoing.
• 3:13
  Speaker 4: And that's the kind of thing that I would think
• 3:15
  Speaker 4: we see more going forward, you know, wallets, custodians, consumer
• 3:20
  Speaker 4: facing applications being acquired by some of the big players
• 3:23
  Speaker 4: to provide crypto services directly to their clients.
• 3:26
  Speaker 1: We have a question about that in the Lightning round,
• 3:29
  Speaker 1: which we're going to do at the end of the
• 3:30
  Speaker 1: show today, guys, so make sure and stick around for that.
• 3:33
  Speaker 2: I agree with you.
• 3:34
  Speaker 1: I think we're going to see a lot of acquisitions.
• 3:36
  Speaker 1: I'm not sure it's going to come from the old guard.
• 3:38
  Speaker 1: I think it might be coming from the rising stars
• 3:41
  Speaker 1: in fintech.
• 3:42
  Speaker 3: Probably a little bit of both.
• 3:44
  Speaker 4: I mean, I agree that some of these leading FinTechs
• 3:46
  Speaker 4: will be uh, you know some of the first out
• 3:48
  Speaker 4: the gate Stripes acquisition of a bridge was a huge
• 3:53
  Speaker 4: example of that. You know, they're really leading into the
• 3:56
  Speaker 4: story Goldman Sachs, Morgan Stanley. Some of these bitcoin ETF products,
• 4:01
  Speaker 4: I would say they're dipping their toe in and still
• 4:04
  Speaker 4: kind of a long way to go to build a
• 4:05
  Speaker 4: fully fleshed out crypto trading and crypto product service for
• 4:10
  Speaker 4: their business. So planning a stake in the ground with
• 4:12
  Speaker 4: a bitcoin ETF is a natural way to go. As
• 4:15
  Speaker 4: you know, great scale has been in that business in
• 4:18
  Speaker 4: the bitcoin investing business since twenty thirteen. Now bitcoin ETF's
• 4:22
  Speaker 4: are fairly common place. I think it's going to be
• 4:25
  Speaker 4: a long way to go until they get to XRP,
• 4:27
  Speaker 4: Salona many of the other assets in space.
• 4:31
  Speaker 1: Listen, you did a keynote over at EATCC in kens
• 4:36
  Speaker 1: and it was the topic was investing for the tokenization revolution.
• 4:41
  Speaker 1: You have three phases on here, Canton being phase one,
• 4:46
  Speaker 1: not necessarily understanding that one, but Avalanche is hybrid model
• 4:51
  Speaker 1: which is phase two, and then the Ethereum Global Decentralized
• 4:54
  Speaker 1: Finance Phase three. Explain to our viewers what you are
• 4:57
  Speaker 1: trying to convey.
• 4:58
  Speaker 4: There, great question and give me an opportunity to articulate
• 5:01
  Speaker 4: that a bit more. We think that the process of
• 5:04
  Speaker 4: tokenization is going to evolve over time, and over the
• 5:07
  Speaker 4: short run, you're likely to see some success for institution
• 5:13
  Speaker 4: centric networks like Canton because they look more like the
• 5:17
  Speaker 4: financial system does today. They work with institutions, and institutions
• 5:22
  Speaker 4: solve the issues around privacy and identity that need to
• 5:25
  Speaker 4: be solved. So it's a step towards the tokenized future
• 5:31
  Speaker 4: that hues more closely to how the financial system looks
• 5:33
  Speaker 4: that today. Ultimately, blockchains like Ethereum and Salona have a
• 5:37
  Speaker 4: more expansive vision for how capital markets can evolve over time,
• 5:43
  Speaker 4: but they have some wood to chop, some progress to
• 5:46
  Speaker 4: make on things like privacy and identity. So I think
• 5:49
  Speaker 4: maybe a longer vision, a longer timeline until we ultimately
• 5:52
  Speaker 4: see that fully articulated vision of peer to peer, smart
• 5:56
  Speaker 4: contract based decentralized finance the journey that we're on, but
• 6:01
  Speaker 4: it's going to take some time to fully articulate it.
• 6:03
  Speaker 4: I think those investments have a lot of upside, but
• 6:06
  Speaker 4: I think investors should expect some of these institutions centric
• 6:09
  Speaker 4: models to see some short term traction.
• 6:11
  Speaker 2: Would I don't.
• 6:12
  Speaker 1: I'm not sure about that one because I feel like there,
• 6:15
  Speaker 1: even when we had Kanton, I think their idea was
• 6:19
  Speaker 1: to try to get to the point of a community. Actually,
• 6:22
  Speaker 1: I have a clip I want to play that kind
• 6:24
  Speaker 1: of explains that.
• 6:25
  Speaker 2: Let's cut to this clip.
• 6:26
  Speaker 5: For Canton network to truly accelerate, we need to become tribal.
• 6:30
  Speaker 5: You see, the hardest part in working with institutions is
• 6:33
  Speaker 5: getting them to adopt new infrastructure. The main cross pollination
• 6:38
  Speaker 5: vehicle into DeFi has been social media. Make as much
• 6:42
  Speaker 5: noise on crypto Twitter and build a community. If everything
• 6:46
  Speaker 5: is siloed, then how can we win? We need to
• 6:49
  Speaker 5: become a cultural movement. But if I had it my way,
• 6:52
  Speaker 5: there would be no further validators issued to any new
• 6:55
  Speaker 5: projects that are not one hundred percent exclusive to the network.
• 6:59
  Speaker 5: That is how you create culture. Look at Mert from
• 7:01
  Speaker 5: Helius's relationship with Solana. He has his whole life dedicated
• 7:06
  Speaker 5: to Solana. He is tribal. We need that and we
• 7:09
  Speaker 5: need to build our own tribe. Why do you think
• 7:11
  Speaker 5: I got Canton yellow in my backdrop? I mean, how
• 7:14
  Speaker 5: do you think that Solana and XRP became a mass
• 7:17
  Speaker 5: cultural movement?
• 7:18
  Speaker 1: Wait a minute, zach Is, are you do you have
• 7:20
  Speaker 1: vomit green in your background?
• 7:23
  Speaker 3: I don't know what color you call this?
• 7:25
  Speaker 1: Okay, all right, I'm just joking. The point I'm getting
• 7:28
  Speaker 1: at is and it's funny. We made this very statement
• 7:31
  Speaker 1: when we had Canton on the show in an unusual way.
• 7:34
  Speaker 1: We were just saying, yeah, you need a community, and
• 7:36
  Speaker 1: a community is the way to kind of bridge into this.
• 7:38
  Speaker 1: He that was Canton talking about that. So they were saying,
• 7:42
  Speaker 1: now that we were right about that, and they're trying
• 7:45
  Speaker 1: to create a tribal community, which has been the power
• 7:49
  Speaker 1: of Solana, It's been the power of XRP, and to
• 7:52
  Speaker 1: a certain extent, even the power of ethereum.
• 7:54
  Speaker 2: You know. So there are very strong communities.
• 7:58
  Speaker 1: I just don't know how a new player comes in
• 8:00
  Speaker 1: and does that, because what.
• 8:01
  Speaker 2: Do you think about that?
• 8:03
  Speaker 1: Do you think that that's a possibility for canton to
• 8:05
  Speaker 1: be able to do that?
• 8:06
  Speaker 4: I think the community aspect is important, but maybe even
• 8:10
  Speaker 4: more important than that is technology that provides some kind
• 8:14
  Speaker 4: of use to end users and capturing network effects. So
• 8:19
  Speaker 4: I think those are all good examples. But you know,
• 8:22
  Speaker 4: something like B and B maybe you know clearly it's
• 8:25
  Speaker 4: a piece of technology that is used. They have huge
• 8:28
  Speaker 4: distribution benefits because of the association with the exchange, and
• 8:33
  Speaker 4: I think it has captured network effects as a result.
• 8:36
  Speaker 4: So I think CANTON network, even though it is more
• 8:38
  Speaker 4: institution centric and still working on growing a die hard community,
• 8:43
  Speaker 4: I think it does have a chance to capture some
• 8:45
  Speaker 4: network effects, and that's what makes a successful blockchain network
• 8:48
  Speaker 4: in our view.
• 8:49
  Speaker 1: All right, So Vlad hits it right here. The AI
• 8:51
  Speaker 1: boom is exposing an old truth about finance. Private companies
• 8:55
  Speaker 1: are very comfortable with democratized demand, but less comfortable with
• 9:00
  Speaker 1: democratized ownership, Which is kind of the point we're getting
• 9:03
  Speaker 1: at here, is that these private networks are probably going
• 9:06
  Speaker 1: to be less comfortable with these open networks out there.
• 9:11
  Speaker 1: So I think he's right here because we have seen
• 9:14
  Speaker 1: this blueprint before occur. I don't know, I'm kind of
• 9:18
  Speaker 1: on the mix there. I want to go over to
• 9:20
  Speaker 1: something that you guys posted. This is GAVA gray scale
• 9:25
  Speaker 1: Avalanche staking as an ETF explain to me what you
• 9:28
  Speaker 1: guys are doing here.
• 9:30
  Speaker 4: Yeah, So, as you know, Paul, as your listeners know,
• 9:33
  Speaker 4: smart contract platforms are really the cornerstone of crypto investing
• 9:38
  Speaker 4: beyond bitcoin, the networks that power tokenization, stable coins, decentralized finance,
• 9:43
  Speaker 4: that's really the core of crypto investing once you take
• 9:46
  Speaker 4: your first step beyond a bitcoin. There's around fifty or
• 9:50
  Speaker 4: so of those networks in the marketplace today that investors
• 9:53
  Speaker 4: could choose. We have picked five that we think are
• 9:56
  Speaker 4: really the leading candidates and they have the best shot
• 10:00
  Speaker 4: of capturing these network effects over time, and Avalanche is
• 10:03
  Speaker 4: one of those networks. Avalanche is a unique product. Is
• 10:07
  Speaker 4: this hybrid model partly institution focused, partly open architecture like
• 10:12
  Speaker 4: Theorium and Solana for example, and I think has a
• 10:15
  Speaker 4: lot of strength in terms of onboarding a business user.
• 10:19
  Speaker 4: So GAVA product that gives access to the avalanche token
• 10:23
  Speaker 4: in the form of a convenient to ETF a great
• 10:26
  Speaker 4: way to get exposure to that particular network in any
• 10:28
  Speaker 4: type of brokerage account setting.
• 10:30
  Speaker 1: Traditional investors out there right now, they are very new
• 10:33
  Speaker 1: to crypto. That's why I think we have seen the
• 10:35
  Speaker 1: explosion of the ETFs.
• 10:37
  Speaker 2: Over the past couple of years.
• 10:39
  Speaker 1: But at the same time, and I think you guys
• 10:41
  Speaker 1: even put some data on this, there's a shift occurring
• 10:44
  Speaker 1: right now in the wealth transfer. And I would say
• 10:48
  Speaker 1: that the gen Z crowd and even the younger millennials
• 10:51
  Speaker 1: probably are more comfortable with going direct versus going this route.
• 10:56
  Speaker 1: How does a company like gray Scale and many other
• 10:59
  Speaker 1: institutions crack that code of being able to when that
• 11:02
  Speaker 1: wealth shift actually does occur.
• 11:04
  Speaker 4: There is a great wealth transition underway in the US
• 11:08
  Speaker 4: economy that's just getting started, is going to take a
• 11:10
  Speaker 4: number of years to play out. Younger investors have a
• 11:14
  Speaker 4: much higher preference for crypto investing than older investors, and
• 11:18
  Speaker 4: they're going to inherit that wealth over the coming years.
• 11:21
  Speaker 4: As you can see on this chart that number totals
• 11:24
  Speaker 4: over one hundred trillion dollars. A huge amount of Baby
• 11:28
  Speaker 4: boomer and Silent generation wealth going to be going to
• 11:31
  Speaker 4: millennials and younger Americans, and probably an increasing share will
• 11:36
  Speaker 4: be allocated to crypto. I think the ETFs will be
• 11:39
  Speaker 4: a huge part of that solution for a lot of
• 11:41
  Speaker 4: these investors because they fit in things like tax.
• 11:44
  Speaker 3: Advantage, accounts, iras, et cetera.
• 11:46
  Speaker 4: But you're right, Paul, Increasingly people will want to hold
• 11:49
  Speaker 4: things on chain directly tokenized products. You know, they will
• 11:53
  Speaker 4: have access to wallets and for a kind of forward
• 11:56
  Speaker 4: looking crypto native acidvantager, like a grey scale.
• 11:59
  Speaker 3: That's exactly the type.
• 12:00
  Speaker 4: Of thing that we need to build as well for
• 12:02
  Speaker 4: the next generation of crypto investors.
• 12:04
  Speaker 2: I like it.
• 12:05
  Speaker 1: Okay, Zach, So let's go over to the Lightning round.
• 12:09
  Speaker 1: This is going to get into our post Clarity predictions.
• 12:12
  Speaker 1: The show title today, and there's a few I want
• 12:15
  Speaker 1: to head off with. The first one to go into
• 12:17
  Speaker 1: robinhood their chain launches at their next summit. Do you
• 12:21
  Speaker 1: think that'll happen after Clarity passes?
• 12:23
  Speaker 3: Yes? If not sooner?
• 12:25
  Speaker 2: Oh, if not sooner. I like that.
• 12:28
  Speaker 1: Okay, you've got one right here. Banks and boomer brokerages
• 12:30
  Speaker 1: are forced to start acquiring wallet companies. We're mentioning this earlier.
• 12:34
  Speaker 1: Do you think yes or no?
• 12:35
  Speaker 3: I think yes.
• 12:36
  Speaker 4: It will be a huge category, and I think they
• 12:39
  Speaker 4: will both acquire and some of them will build these
• 12:42
  Speaker 4: tools from scratch in house. I think we will see
• 12:44
  Speaker 4: both buying and building solutions.
• 12:47
  Speaker 2: I'm in the middle there. Mainly.
• 12:48
  Speaker 1: I'm more toward no, because I think the younger FinTechs
• 12:52
  Speaker 1: that are rising. Who launches a stable coin first? Do
• 12:55
  Speaker 1: you think it'd be Facebook or Walmart?
• 12:57
  Speaker 3: Facebook or meta platforms.
• 12:59
  Speaker 4: I do think Surprisingly is going to get back into
• 13:02
  Speaker 4: the stable coin game after the whole Libra DM experience
• 13:07
  Speaker 4: a number of years ago. I think that they will
• 13:10
  Speaker 4: be into this business in the not too distant future.
• 13:13
  Speaker 4: Crypto stable coins really emerging as core technology for next
• 13:18
  Speaker 4: generation consumer finance apps.
• 13:20
  Speaker 3: I think Facebook will be in that game.
• 13:22
  Speaker 1: I'm going to say Walmart just because of their tie
• 13:24
  Speaker 1: to retail, Facebook would have to be you know, they
• 13:27
  Speaker 1: have to do a lot to sell that gray scale
• 13:29
  Speaker 1: partners with Loto for e faults.
• 13:31
  Speaker 4: Vaults are something that will be important for Grayscale over time.
• 13:35
  Speaker 4: I would say probably no on this particular partnership. But
• 13:39
  Speaker 4: there's no reason that Loto isn't a great business. But
• 13:44
  Speaker 4: vaults are some important part of the future of asset management,
• 13:48
  Speaker 4: and we will also be finding ways to build in
• 13:52
  Speaker 4: house and partner with key players as we build out
• 13:55
  Speaker 4: that part of our besiness.
• 13:57
  Speaker 1: Franklin temple And launches loyalty tokens for We mentioned this
• 14:01
  Speaker 1: to Sandy directly. She kind of had a good thinking
• 14:04
  Speaker 1: that maybe that would be happened. Do you think Franklin
• 14:06
  Speaker 1: Templeton would be the first to do this?
• 14:08
  Speaker 4: Hard to say, but I would say that Franklin has
• 14:11
  Speaker 4: been a leader in the space of innovative asset manager.
• 14:14
  Speaker 3: I love some of the things that they're doing. I
• 14:16
  Speaker 3: could see it happening.
• 14:17
  Speaker 1: I think it's going to be someone else, all right.
• 14:20
  Speaker 1: Banking product launches won't be as sexy as institutions think,
• 14:23
  Speaker 1: and we're talking about the circle ripple bank scenarios when
• 14:26
  Speaker 1: they get these charters.
• 14:27
  Speaker 4: Well, I think this is a pretty sexy topic myself.
• 14:31
  Speaker 4: So I love to see the kind of crypto player
• 14:35
  Speaker 4: integration with the traditional financial system, whether it's the bank
• 14:39
  Speaker 4: fed master account that crack and earn in all those
• 14:42
  Speaker 4: other dimensions. I think we are making payments infrastructure sexy again.
• 14:47
  Speaker 2: There you go, all right, here we go.
• 14:49
  Speaker 1: Crypto rally explodes the AVE lending and borrowing.
• 14:53
  Speaker 4: I think that AVE is very well placed to see
• 14:57
  Speaker 4: substantial growth in borrowing over time. So I'll be a
• 15:00
  Speaker 4: yes on this category. This is a project that many
• 15:04
  Speaker 4: of us have followed for a long time. We are
• 15:07
  Speaker 4: happy with the AVE will win effort. I think they're
• 15:10
  Speaker 4: positioning the platform for the future of decentralized finance going
• 15:14
  Speaker 4: through some of the necessary changes that needed to happen.
• 15:18
  Speaker 4: I'd say yes on this one.
• 15:20
  Speaker 2: All right, here we go.
• 15:21
  Speaker 1: The launch of tokenized pre stocks kills the IPO participation
• 15:25
  Speaker 1: for retail That.
• 15:26
  Speaker 4: Is a good question. I would say that it doesn't
• 15:30
  Speaker 4: necessarily damage IPO participation, but I think that these products
• 15:35
  Speaker 4: will be popular, whether it's pre stocks or some of
• 15:39
  Speaker 4: the things like on the hyper liquid platform, you know
• 15:41
  Speaker 4: tokens that can be traded pre TG or pre token launch.
• 15:46
  Speaker 4: I think these will be increasingly popular tools, especially in
• 15:49
  Speaker 4: derivative platforms like hyper Liquid.
• 15:51
  Speaker 1: I think because of the younger traders, they'll start to
• 15:55
  Speaker 1: realize this is the vein to go get access to
• 15:58
  Speaker 1: these and once pre start gets rolling, I think it
• 16:02
  Speaker 1: does for retail, for retail investors that would typically go
• 16:05
  Speaker 1: out to the open market. I think this is a
• 16:07
  Speaker 1: huge opportunity. Best metric to follow post clarity revenue or
• 16:12
  Speaker 1: network effects.
• 16:15
  Speaker 3: Wow, that's a tough one.
• 16:17
  Speaker 4: I think that I'm going to say revenue is always
• 16:22
  Speaker 4: the most important thing for any type of business or product.
• 16:27
  Speaker 4: Network effects is a little bit of an amorphous concept,
• 16:31
  Speaker 4: very very important in the context of a crypto investing,
• 16:35
  Speaker 4: but revenue is maybe the thing, the most important thing.
• 16:38
  Speaker 1: Revenue wins. I like the revenue, believe me, I like it.
• 16:41
  Speaker 1: I like it, But I'm going to go with network effects.
• 16:43
  Speaker 1: I just feel like this because of its early stage.
• 16:46
  Speaker 1: You know it's early stage. Once you get into that,
• 16:49
  Speaker 1: you know it's the Bell curve. It's the Bell curve.
• 16:51
  Speaker 1: Because with network effects, I feel like comes that you
• 16:55
  Speaker 1: know onslaught of revenue.
• 16:56
  Speaker 3: And you think on this one too, I can see that.
• 16:59
  Speaker 2: It's a tough one. Okay, here we go.
• 17:01
  Speaker 1: Only quantum roadmap chains have a chance at reaching new
• 17:07
  Speaker 1: all time highs.
• 17:08
  Speaker 4: I'm going to say no on this topic. I think
• 17:11
  Speaker 4: quantum is very important something we're spending a huge amount
• 17:14
  Speaker 4: of time on, not surprisingly, but we still have a
• 17:18
  Speaker 4: long way to go, and I think that that will
• 17:21
  Speaker 4: it'll be acceptable for investors that even chains don't can
• 17:26
  Speaker 4: see new highs because we do have a long timeline.
• 17:30
  Speaker 1: I think still, let's go to this one here, microstransaction
• 17:33
  Speaker 1: dominance war begins between the l twos, Solana Suite avalanche begins.
• 17:39
  Speaker 3: I think so.
• 17:40
  Speaker 4: I think that we absolutely will see a huge increase
• 17:42
  Speaker 4: in transaction volume driven by human traders, but also aigic.
• 17:47
  Speaker 1: Yeah, for sure, Argentic, which narrative will most likely remain
• 17:51
  Speaker 1: in a coma deepen or bridges and wormholes.
• 17:55
  Speaker 4: I think that bridges and bridges and topics probably will
• 17:59
  Speaker 4: be some thing that takes a little time to recover.
• 18:02
  Speaker 4: It's still an open question of what that multi chain
• 18:04
  Speaker 4: integration is going to look like in the longer run.
• 18:07
  Speaker 4: Some good projects there, but going to take a longer time,
• 18:10
  Speaker 4: I think, to fully recover.
• 18:11
  Speaker 1: What's the more important feature to build towards to win
• 18:15
  Speaker 1: over retail investors. Institutional privacy or.
• 18:19
  Speaker 4: Retail institutional privacy is the first priority institutions insist on
• 18:24
  Speaker 4: priority retail investors. It's a little either or sometimes.
• 18:29
  Speaker 1: Well, yeah, but you want to win them over, you
• 18:31
  Speaker 1: want to win over retail investors.
• 18:34
  Speaker 3: It depends on the use case a little bit.
• 18:36
  Speaker 4: I think for retail investors want to make sure that
• 18:41
  Speaker 4: when they're using an institution that their assets and balances,
• 18:44
  Speaker 4: their transactions are not disclosed. I think maybe retail investors
• 18:48
  Speaker 4: may still be somewhat comfortable with, say, retail level transparency
• 18:52
  Speaker 4: around payment. So I'm going to say institutional privacy here
• 18:56
  Speaker 4: even in that case.
• 18:57
  Speaker 3: But I see your point.
• 18:58
  Speaker 1: Let's move on to decks tokens, which will outperform the
• 19:02
  Speaker 1: centralized exchange tokes and tokens. So you got Uni hype,
• 19:05
  Speaker 1: Jupe versus you know, BnB, cro and Leo.
• 19:09
  Speaker 2: What do you think.
• 19:10
  Speaker 3: I think dex tokens outperform. That's a yes.
• 19:14
  Speaker 4: Market share captured by dex is led by hyper liquidive
• 19:17
  Speaker 4: course today.
• 19:18
  Speaker 3: I think that's a trend that continues.
• 19:20
  Speaker 1: Yeah, agreed, Here we go Elon angers everything everyone with
• 19:24
  Speaker 1: midterm elections and crypto censorship and leads to the rise
• 19:30
  Speaker 1: of something like a polymarket social media app.
• 19:32
  Speaker 3: That is a good question.
• 19:34
  Speaker 4: I think that I'm going to say, no, I think
• 19:37
  Speaker 4: Twitter has done a good job of X and protecting
• 19:40
  Speaker 4: a free speech. So not that our media landscape isn't
• 19:44
  Speaker 4: changing and that prediction markets aren't important, but I think
• 19:47
  Speaker 4: that probably we're going to be okay from a speech
• 19:49
  Speaker 4: standpoint on the platform into the midterms.
• 19:52
  Speaker 1: I am going to say no into the midterms, but
• 19:56
  Speaker 1: eventually I feel like polymarket Social may become a thing,
• 20:01
  Speaker 1: and it could.
• 20:02
  Speaker 2: Now can it rival X?
• 20:03
  Speaker 1: I don't know the fact that it has the right
• 20:06
  Speaker 1: kind of demographic. It's kind of interesting, but X is
• 20:09
  Speaker 1: so much bigger, you know, it's kind of almost you
• 20:12
  Speaker 1: have to almost subset crypto Twitter versus this, so that
• 20:17
  Speaker 1: would be kind of the thing there. So Polymarket launches
• 20:21
  Speaker 1: a token instead of an IPO before Cawshi goes public.
• 20:25
  Speaker 3: I'm going to say yes.
• 20:28
  Speaker 4: I think that we have seen a number of indications
• 20:33
  Speaker 4: that a polymarket token is coming at some point. We
• 20:36
  Speaker 4: don't know exact timeline, but they've been laying the groundwork.
• 20:39
  Speaker 2: Here we go. Rockstar announces.
• 20:41
  Speaker 1: You may not I don't know if you follow GTA
• 20:43
  Speaker 1: six and all the updates and leaks and everything, but
• 20:45
  Speaker 1: Rockstar announces that's the company behind GTA six before November nineteenth,
• 20:50
  Speaker 1: which is supposedly a launch date you think they'll launch
• 20:53
  Speaker 1: something like what.
• 20:55
  Speaker 2: We'll see out here in terms of cryptotech stac.
• 20:57
  Speaker 4: I'm going to say no, just because the delays on
• 20:59
  Speaker 4: this one have been so along or already so I
• 21:02
  Speaker 4: would be great to see. But I'm betting on more delays,
• 21:06
  Speaker 4: which is you know, typical in some of these Triple
• 21:08
  Speaker 4: A game releases.
• 21:10
  Speaker 2: I'm just gonna choose yes.
• 21:11
  Speaker 1: To be on the other side, Mister Beasts launches a
• 21:14
  Speaker 1: super app and finance YouTube channel.
• 21:16
  Speaker 4: I'm gonna say no, but I think it's a close call,
• 21:21
  Speaker 4: you know, because you have seen Bitmine invest in mister
• 21:26
  Speaker 4: Beast Industries, so maybe taking a first step in that direction.
• 21:32
  Speaker 1: AI agents won't use Visa and MasterCard true or false false.
• 21:38
  Speaker 4: I think that they will use some credit card payments.
• 21:42
  Speaker 4: I do think that blockchains and stable coins will be
• 21:44
  Speaker 4: the dominant of financial rails for AI agents, but I
• 21:47
  Speaker 4: think there will be some use of traditional credit card
• 21:51
  Speaker 4: and bank based payments, all.
• 21:52
  Speaker 1: Right, I would have to go a true on that.
• 21:54
  Speaker 1: I don't think they will, but I'm very you know,
• 21:56
  Speaker 1: I'm all in on this, Zach. I'm all in on
• 21:58
  Speaker 1: this stuff. Tether finally passes an audit and flips Bitcoin I.
• 22:05
  Speaker 4: Don't think it to flip bitcoin, but I think we'll
• 22:07
  Speaker 4: see an audit, so I'm gonna say no, just because
• 22:11
  Speaker 4: bitcoin is pretty darn large, but tether has a lot
• 22:14
  Speaker 4: of things going for it, and I think lots of
• 22:16
  Speaker 4: scope for future growth.
• 22:17
  Speaker 1: All right, there, you guys, you have our lightning round
• 22:20
  Speaker 1: with Zach Bendle. These of course are not These are
• 22:24
  Speaker 1: just fun for opinions that you guys don't.
• 22:26
  Speaker 2: Take these seriously.
• 22:27
  Speaker 1: We just like to go out there and kind of
• 22:29
  Speaker 1: think beyond the envelope a little bit and see what
• 22:32
  Speaker 1: could happen in this industry going forward. So Zach, thank
• 22:36
  Speaker 1: you so much for being a good sport and always
• 22:38
  Speaker 1: coming on the show.
• 22:39
  Speaker 2: We appreciate it.
• 22:41
  Speaker 4: Great pleasure, great to see you.
• 22:49
  Speaker 1: If you like this video, like and subscribe, drop a
• 22:51
  Speaker 1: comment down below, and also join our free private member group.
• 22:55
  Speaker 2: The link is in the description.