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Warren Buffett Bank Chooses AVAX For Japan!🚨 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Big news in the avalanche ecosystem. Some things are moving
• 0:10
  Speaker 1: and Warren Buffett might be involved. My name is Paul Barrew.
• 0:13
  Speaker 1: Welcome back into tech path. Let's dive in. I do
• 0:15
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• 0:27
  Speaker 1: to be able to get the special offer. All right,
• 0:29
  Speaker 1: So let's first start up with this. Remember, Ripple has
• 0:32
  Speaker 1: had a kind of a long alliance with SBI, which
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  Speaker 1: is a company in Japan that has kind of created
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  Speaker 1: this consortium. If you look at the list of banks
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  Speaker 1: within it, one that I want to focus on today
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  Speaker 1: is this one right there, Sumi Tomo Mitsui Trust Bank,
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  Speaker 1: and I want to jump over to this first article. Now,
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  Speaker 1: this is their CEO. This guy passed away last year
• 0:56
  Speaker 1: sixty five, and then we got a new CEO that
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  Speaker 1: came in to the organization and this guy is looking
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  Speaker 1: to re strengthening the Japan's business but also a new
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  Speaker 1: strategy going forward. Take a look at this clip.
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  Speaker 2: In ten years, Shahai Ruby brands Seam with innovation, innovative
• 1:18
  Speaker 2: city of technology and finance with the power of science
• 1:22
  Speaker 2: and technology.
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  Speaker 1: All right, So you saw his vision there, and part
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  Speaker 1: of this vision is where uh, this banking giant is
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  Speaker 1: going to be moving. And one of the key things
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  Speaker 1: right here is Japan's drinking banking giant, SMBC plans a
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  Speaker 1: stable coin launch next year. And guess what, guys, Right there,
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  Speaker 1: Sumi Tomo, parent company of Japan's second largest bank, SMBC,
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  Speaker 1: now stepping into the stable coin space. The bank is
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  Speaker 1: collaborating with Ava Labs. That's Avalanche for you guys that
• 1:53
  Speaker 1: are brand new to crypto and their blockchain infrastructure and
• 1:57
  Speaker 1: of course Fireblacks and this is going to be for
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  Speaker 1: token management. So basically what you're talking about is an
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  Speaker 1: Avalanche stable token in the largest bank organization within Japan.
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  Speaker 1: All of that plays into an investment that has been
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  Speaker 1: brewing and that is this right here. Because Sumi Tomo
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  Speaker 1: also took a fourteen percent steak in SBI. Remember that
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  Speaker 1: if they're aligned with Avalanche, then it's very possible that
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  Speaker 1: maybe Avalanche could also be incorporated into SBI as well.
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  Speaker 1: And remember SBI and Ripple have pretty much been lockstep.
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  Speaker 1: Now you take that data and you also look at
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  Speaker 1: where the trends are going, because people now see this
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  Speaker 1: market as one of the biggest markets out there for growth.
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  Speaker 1: And what you have to do is follow Warren Buffett.
• 2:40
  Speaker 1: Warren Buffett of course increases his steak in Ripple partner
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  Speaker 1: Sumi Toomo Corp. So again he sees this on the
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  Speaker 1: forefront of where the Japanese banking system could be a
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  Speaker 1: huge boom. Take a look at this next clip.
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  Speaker 3: So I started buying all five the five largest trading companies,
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  Speaker 3: somewhat over of each company, and we were buying identical amounts,
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  Speaker 3: and we now own seven point four percent of each
• 3:09
  Speaker 3: of the companies. It's worked out very well so far.
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  Speaker 3: But we'll be in these stocks done twenty years. I mean,
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  Speaker 3: we weren't buying with the idea they call it next week,
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  Speaker 3: next month, next year. We have had revelations about each
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  Speaker 3: of the companies, and we'll never run out of money.
• 3:24
  Speaker 3: I mean, they can call us at any time.
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  Speaker 1: All right, Let's go to the news release here from
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  Speaker 1: Sumitomo and Avalanche. This is them talking about the commercial
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  Speaker 1: use of stable coins within the memo, they actually go
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  Speaker 1: a little deeper and they're talking about other scenarios where
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  Speaker 1: this can be used international reomen's as corporate payments, small value,
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  Speaker 1: high frequency transactions. All of that is going to be
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  Speaker 1: lower costs for potential payment methods. And the other thing
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  Speaker 1: that's going to hit on is the tokenization of traditional
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  Speaker 1: finances and those RWA assets, which have grown very rapidly,
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  Speaker 1: so they are clearly positioning for a digital asset future.
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  Speaker 1: The biggest bank or organizations within Japan, Buffett sees this.
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  Speaker 1: He understands the use of this Avalanche connected. Now you
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  Speaker 1: understand where Buffett and Avalanche are aligned of where this
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  Speaker 1: is going off. If you look at Avalanche and their
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  Speaker 1: RWA and their tokenization, almost every major bank in there
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  Speaker 1: MasterCards in their city bank, You've got Fidelity in there,
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  Speaker 1: a whole slew of these. Now you're going to have
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  Speaker 1: this group of course residing in this as well. Let's
• 4:27
  Speaker 1: take further look into this because you've got to consider
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  Speaker 1: on other news, Shrapnel, who is partnering with the Chinese
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  Speaker 1: government to launch the first licensed web three. Now this
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  Speaker 1: is all about IP and it's an official RBA chain,
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  Speaker 1: So have they maybe launched an l one.
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  Speaker 3: Okay.
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  Speaker 1: So in terms of IP if you look at right
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  Speaker 1: there what Shrapnel is doing. And if you look at
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  Speaker 1: the United States, one of the biggest problems has been ticketing.
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  Speaker 1: Look what happened right here. Take a look.
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  Speaker 3: So this is an executive order, as you said, that
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  Speaker 3: deals with the ticket reselling business.
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  Speaker 1: They've tried this in some place in your and it
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  Speaker 1: seems to be do anything.
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  Speaker 3: That's us as artists be able to get the tickets
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  Speaker 3: into the hands of the fans at the prices we set.
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  Speaker 1: It bothers them, It bothers a lot of other artists too.
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  Speaker 3: And what is the primary culprit who sells these signets.
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  Speaker 2: It's that these bots go in and they're automated.
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  Speaker 3: So you're ass as you're a company involved, you might
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  Speaker 3: know no, no, well, well there's reselling markets all yeah. No,
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  Speaker 3: if Ticketmaster sells a ticket, if you buy a ticket
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  Speaker 3: go to a show, you're in a lot of ways
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  Speaker 3: they're worst customer.
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  Speaker 1: So based on that executive order, Tickspace is essentially in
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  Speaker 1: the right position, because what this means is that all
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  Speaker 1: of the ticket transactions are going to have to be transparent,
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  Speaker 1: simply meaning it's going to be on the blockchain. Blockchain
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  Speaker 1: of course in this particular case is Avalanche, but we
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  Speaker 1: could see others starting to go into this industry as well,
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  Speaker 1: because this will change things in a big way for sure.
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  Speaker 1: Now let's not forget that there's also other things that
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  Speaker 1: are happening today, and that is all around the TikTok
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  Speaker 1: proposal that potentially we'll get announced maybe even in the
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  Speaker 1: Rose Garden today when they talk about the tariffs. But
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  Speaker 1: Trump is going to consider a final TikTok proposal on Wednesday,
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  Speaker 1: And of course potential investors could include Blackstone. Now this
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  Speaker 1: is where it gets interesting because Blackstone is a new
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  Speaker 1: participant here. Let me go over to Blackstone, which is
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  Speaker 1: lining up four hundred million from guess who Sumi Toomu
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  Speaker 1: with Suey which is industrial refinancing. But at the point being,
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  Speaker 1: all of this connects the dots here for what Sumi
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  Speaker 1: Tomo is doing around tokenized assets. Now, if you connect
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  Speaker 1: the dots there on tokenized assets Blackstone, guess what Avalanche
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  Speaker 1: starts to be the potential there again, So some very
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  Speaker 1: cool things going on. Last up here, Warren Buffett makes
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  Speaker 1: a sharp U turn as Bircher Hathaway discloses almost eight
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  Speaker 1: hundred and ninety through mill Steak in a crypto bank. Now,
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  Speaker 1: you guys remember this one. This was New Bank, and
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  Speaker 1: remember New Bank was on Polygon and they had their supernats.
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  Speaker 1: The thing launched, it wasn't a great launch, and then
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  Speaker 1: eventually New Bank came back in. This is back in
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  Speaker 1: September of last year, said hey, we're announcing the end
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  Speaker 1: of new coin negotiations immediately, and they were done. They
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  Speaker 1: were out. The potential, though, is where do these banks
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  Speaker 1: potentially go. Well, it's likely that we could see more
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  Speaker 1: involvement inside, especially if Warren Buffin is involved in. If
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  Speaker 1: we look at where these Japanese banks could be going,
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  Speaker 1: we could actually have one of these l ones right
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  Speaker 1: here when you go in and look at the growth
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  Speaker 1: right here, look at that the highest ever Let me
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  Speaker 1: kind of see if I can zoom in on that
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  Speaker 1: for you guys, the highest ever of transactions right here
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  Speaker 1: on March twenty fifth, Right there there aunt seventy four
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  Speaker 1: thousand addresses created on l onees. So again, a lot
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  Speaker 1: of new l ones being launched on Avalanche may be
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  Speaker 1: in alignment with what is going on in the market.
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  Speaker 1: We're going to continue to cover this because there could
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  Speaker 1: be some big news coming very shortly that would be
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  Speaker 1: really good for Avalanche. So make sure answer subscribe to
• 8:00
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• 8:02
  Speaker 1: not in the Diamond Circle, get in right now. It's
• 8:04
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• 8:06
  Speaker 1: there on x at Paul Baron. We'll catch you next
• 8:09
  Speaker 1: time right here on Techpath