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Google Saves Crypto?🔐Big Tech Enters Crypto Custody · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Google saving crypto. That's the question today. We're going to
• 0:02
  Speaker 1: break it down.
• 0:03
  Speaker 2: Do you believe it or not? There's a lot happening.
• 0:06
  Speaker 2: Let's just jump right into it. I want to start
• 0:09
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• 0:12
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• 0:45
  Speaker 2: All right, let's get over to what we're going to
• 0:48
  Speaker 2: be hitting on today, because there's a couple of points
• 0:50
  Speaker 2: I want to jump on that.
• 0:51
  Speaker 1: Is relevant, and that is Google.
• 0:54
  Speaker 2: Google is now building a crypto security for banks. And
• 0:59
  Speaker 2: the timing is kind of unique here, and I'll explain
• 1:02
  Speaker 2: in a second. But what they've unveiled is it's a
• 1:05
  Speaker 2: new system that lets banks securely store and send Bitcoin
• 1:10
  Speaker 2: and tokenized assets. This is all fully launched in 2027.
• 1:14
  Speaker 2: So here you have the biggest company out there, or
• 1:17
  Speaker 2: one of, that is preparing to handle tokenized assets. And
• 1:21
  Speaker 2: at the same time, you've got companies out there pushing
• 1:24
  Speaker 2: back on tokenized assets. Is the timing starting to play
• 1:28
  Speaker 2: into this? So we'll show you in just a second.
• 1:31
  Speaker 2: Another big beneficiary of this will be Solana. They, of course,
• 1:35
  Speaker 2: put this out. Alphabet is securing its own digital assets
• 1:38
  Speaker 2: on Solana. They've been pretty much the dominant party out there,
• 1:41
  Speaker 2: especially in the RWAs, but they unveiled their multi-party compute today.
• 1:46
  Speaker 2: All of this is around institutional custody, and it's in
• 1:49
  Speaker 2: private preview for certain financial institutions, eventually commercial launch, as
• 1:54
  Speaker 2: I just said, in 2027.
• 1:56
  Speaker 1: Big deal.
• 1:57
  Speaker 2: Virtuals also came in, introducing the Virtuals app now on
• 2:01
  Speaker 2: Google Android. So now you've got all of these companies
• 2:04
  Speaker 2: starting to circle around Google at a time in which
• 2:08
  Speaker 2: everybody's kind of been concerned about quantum, self-custody, all these issues,
• 2:13
  Speaker 2: and Google comes in with these kinds of proponents, especially
• 2:16
  Speaker 2: when you look at the institutional layer around what they're
• 2:19
  Speaker 2: doing here.
• 2:20
  Speaker 1: So here's the thing that concerns me. Because remember, when.
• 2:23
  Speaker 2: Google pushed this Q Day warning, this essentially caused havoc
• 2:27
  Speaker 2: in the crypto industry. We saw impact on Ethereum, essentially
• 2:31
  Speaker 2: kind of ramped up the Ethereum foundation on being able
• 2:33
  Speaker 2: to deal with this.
• 2:35
  Speaker 1: People looking at.
• 2:36
  Speaker 2: Alternative wallet structures, looking at diversification, kind of doomsday type
• 2:41
  Speaker 2: of issues. And all of that was done during a
• 2:44
  Speaker 2: time in which this quantum threat was ramped up by Google.
• 2:48
  Speaker 2: And then right After that, here we go into Google's
• 2:52
  Speaker 2: next phase, which is building a new business, apparently, because
• 2:55
  Speaker 2: they now have crypto custody and security business that's going
• 2:58
  Speaker 2: to be in play. As I said, this is going
• 3:01
  Speaker 2: to be for Bitcoin and RWA. It's basically stock. So
• 3:05
  Speaker 2: why are they doing that? So all of that is happening.
• 3:08
  Speaker 2: And then you have.
• 3:09
  Speaker 1: This right here. It's another exploit. This is on Avalanche.
• 3:12
  Speaker 1: Another data breach tied to Coinbase. buckle up guys. This
• 3:16
  Speaker 1: is something that we've started to hear.
• 3:17
  Speaker 2: And remember we're getting worldwide warnings around rations and 30 days,
• 3:23
  Speaker 2: one week, three days of, uh, you know, materials. These
• 3:27
  Speaker 2: are the kinds of things that start to concern me
• 3:29
  Speaker 2: as something else afoot. And you kind of consider where
• 3:32
  Speaker 2: this is all heading with Coinbase, one of the biggest
• 3:34
  Speaker 2: holders out there of crypto, them getting trolled right here
• 3:38
  Speaker 2: by Kraken. And, uh, It really boils down to a
• 3:42
  Speaker 2: supply chain issue. And again, this was a supply chain
• 3:45
  Speaker 2: issue for Amplitude, which was an analytics vendor for Coinbase.
• 3:49
  Speaker 1: And it was not.
• 3:49
  Speaker 2: Necessarily a hack, it was a data breach.
• 3:51
  Speaker 1: So your information.
• 3:53
  Speaker 2: That's another concern I have because those become honeypots down
• 3:57
  Speaker 2: the road as an AI and also potentially quantum starts
• 4:00
  Speaker 2: to play into this for future accelerated hacks or social engineering.
• 4:05
  Speaker 1: That's another problem. Back to the whole issue with Google, though.
• 4:09
  Speaker 2: And that is when you look at the number of
• 4:10
  Speaker 2: stocks right now, companies, that are pushing back on tokenization,
• 4:15
  Speaker 2: we have seven more companies now objecting to have their
• 4:18
  Speaker 2: shares tokenized on tokenized assets. So one question you have
• 4:23
  Speaker 2: to ask is when you look at those companies and
• 4:25
  Speaker 2: you go look at the full 33 U.S. organizations that
• 4:30
  Speaker 2: are against this, well, most of them, all right, maybe
• 4:33
  Speaker 2: they're just not ready, but Google's over here building an
• 4:37
  Speaker 2: entire asset custody business now, and yet they're on the
• 4:42
  Speaker 2: list with Alphabet.
• 4:44
  Speaker 1: So why?
• 4:45
  Speaker 2: That just raises red flags for me. It looks as
• 4:48
  Speaker 2: though this is either a waiting or a timing period
• 4:51
  Speaker 2: in which Google would be prepared for it to maybe
• 4:54
  Speaker 2: custody their own asset in terms of their stock.
• 4:57
  Speaker 1: So maybe they want control. Maybe that's the question.
• 5:01
  Speaker 2: And maybe that's what a lot of these companies are
• 5:03
  Speaker 2: potentially going to be seeking is really more control. around
• 5:07
  Speaker 2: what their stocks are going to be doing. You have
• 5:11
  Speaker 2: 24-7 liquidity now available over on Robinhood Chain.
• 5:14
  Speaker 1: These are the Ondo stocks that are now live. You've
• 5:17
  Speaker 1: got Meta, Apple, Tesla.
• 5:18
  Speaker 2: Mostly these companies are very forward-thinking and understand this technology.
• 5:24
  Speaker 2: And I think that's a question everybody's asking right now
• 5:26
  Speaker 2: around stocks is, are you going to have stocks and
• 5:29
  Speaker 2: the CEOs that run those companies being able to understand
• 5:32
  Speaker 2: what's going on with tokenized assets and they're the ones
• 5:35
  Speaker 2: benefiting from it, and the companies that don't necessarily understand
• 5:38
  Speaker 2: it are not betting from it? Or is it all
• 5:41
  Speaker 2: timing of who controls these assets? That is the bigger question.
• 5:46
  Speaker 2: And remember this, is that with this in play, I mean,
• 5:50
  Speaker 2: if you think about Google, maybe it's a position where
• 5:52
  Speaker 2: they could actually launch a chain, very similar to what
• 5:55
  Speaker 2: Robinhood has done, and be able to reap the benefits
• 5:58
  Speaker 2: of trading their own stock within that chain. So you
• 6:00
  Speaker 2: could have X stocks, Ondo, et cetera, that would play
• 6:03
  Speaker 2: into this. So Very interesting timing for sure. And I
• 6:06
  Speaker 2: think it is more about control than anything. Another thing
• 6:10
  Speaker 2: that is control about, he had this tweet, and I
• 6:13
  Speaker 2: think it kind of hits on it, is that right
• 6:14
  Speaker 2: now the markets have been booming. So I think most
• 6:17
  Speaker 2: companies are out there. They don't really care about expanding
• 6:20
  Speaker 2: their access. So don't mess with it right now. Everything
• 6:23
  Speaker 2: is working.
• 6:24
  Speaker 1: It's a good thing. The other reason is it's a
• 6:26
  Speaker 1: learning curve.
• 6:27
  Speaker 2: That goes back to my point of showing you companies
• 6:30
  Speaker 2: that are very advanced and understand this versus companies that
• 6:33
  Speaker 2: do not. and need a learning curve to kind of
• 6:36
  Speaker 2: adopt to this. And I think both could be true
• 6:38
  Speaker 2: at the same time. It could be just an issue
• 6:40
  Speaker 2: where we're saying, hey, we've got so much activity, don't
• 6:43
  Speaker 2: worry about it, or we're just not prepared to be.
• 6:46
  Speaker 1: Able to step forward.
• 6:47
  Speaker 2: I think at one point in the near future, this
• 6:50
  Speaker 2: is going to become a situation where stocks are selected
• 6:54
  Speaker 2: if they have tokenized securities. And I think especially from
• 6:59
  Speaker 2: the younger crowd, because they're going to want to trade
• 7:00
  Speaker 2: this pretty much 24-7, and be able to move it
• 7:02
  Speaker 2: around to wherever they would like. So that is a
• 7:04
  Speaker 2: factor going forward. Let's jump over to this post by Coinbase.
• 7:09
  Speaker 2: Of course, big week for earnings. And notice they have Microsoft, Google,
• 7:13
  Speaker 2: Amazon in there. And these are what they are actually
• 7:18
  Speaker 2: earning on. So imagine this. If Google is out there
• 7:21
  Speaker 2: now becoming a competitor to this, to where they are
• 7:24
  Speaker 2: now custody. Remember, Coinbase is in the custody business as well.
• 7:28
  Speaker 2: And the financial institutions... are now pushing out. Maybe we
• 7:32
  Speaker 2: haven't seen financial institutions adopt because of a trust issue.
• 7:37
  Speaker 2: So that really kind of brings the point of whether
• 7:40
  Speaker 2: or not Google, maybe they are that trust issue. They're
• 7:44
  Speaker 2: the ones that can be trusted with these assets and
• 7:47
  Speaker 2: could start to see those kinds of adoption scenarios happen
• 7:51
  Speaker 2: with not only financial institution, but many of these companies
• 7:54
  Speaker 2: that are actually ready to tokenize their stocks and be
• 7:59
  Speaker 2: able to go onto Google itself. So I don't know,
• 8:02
  Speaker 2: this is a very interesting time where you have crypto,
• 8:07
  Speaker 2: the OGs and everybody that's kind of been around crypto
• 8:10
  Speaker 2: for a long time, and then these new companies and
• 8:12
  Speaker 2: companies that have been around in tech for a long time,
• 8:14
  Speaker 2: they're starting to adopt certain areas of crypto that just
• 8:20
  Speaker 2: seem obvious. And I think that is the real question
• 8:23
  Speaker 2: heading into the next really two to three years is
• 8:26
  Speaker 2: who is gonna dominate crypto?
• 8:28
  Speaker 1: In the future.
• 8:30
  Speaker 2: Coinbase also chasing Solana, trying to get a little faster,
• 8:33
  Speaker 2: even though in this particular case, 200 millisecond blocks. Truly faster,
• 8:38
  Speaker 2: but definitely not as fast as what we've seen already
• 8:40
  Speaker 2: with Appenglow. So just another issue where Coinbase continues to,
• 8:45
  Speaker 2: I think, run from behind here.
• 8:47
  Speaker 1: As a big one.
• 8:47
  Speaker 2: And you can kind of see right here the monthly
• 8:49
  Speaker 2: transfer volume. It's Solana's game right now to lose as
• 8:53
  Speaker 2: they continue to really dominate. And again, this is because
• 8:56
  Speaker 2: of their embracing of this technology. I think the meme
• 9:01
  Speaker 2: coin culture helped foster the technology itself, which advanced it
• 9:06
  Speaker 2: into institutional and made this all available to be able
• 9:10
  Speaker 2: to kind of thrive on the Solana blockchain. So let's
• 9:13
  Speaker 2: go over to Robinhood and some of their earnings that
• 9:15
  Speaker 2: you guys probably saw the stock take a dump. We
• 9:18
  Speaker 2: saw a little bit of earnings hit. And some of
• 9:20
  Speaker 2: this is really built around one thing, and that was
• 9:23
  Speaker 2: tokenized stocks. That was their saving grace. Without it, Robinhood's
• 9:27
  Speaker 2: crypto revenue fell 6% from Q2, so the chain supplied
• 9:31
  Speaker 2: all of its growth in October of 2027. So that's
• 9:35
  Speaker 2: one factor here. This is going to be something, and
• 9:37
  Speaker 2: I know predictions markets, many of you probably in the
• 9:39
  Speaker 2: comments will say, well, prediction markets were up as well.
• 9:41
  Speaker 1: Yes, they were.
• 9:42
  Speaker 2: But the point I'm getting at is this is the
• 9:44
  Speaker 2: advancement that many of these companies and fintechs and companies
• 9:48
  Speaker 2: like Google and others that are starting to embrace this.
• 9:52
  Speaker 2: The key is trust. Where is that trust factor going
• 9:55
  Speaker 2: to play? That's why these hacks and these breaches are.
• 9:58
  Speaker 1: So, so important.
• 10:00
  Speaker 2: As banks and high net worth individuals, family offices, they're
• 10:05
  Speaker 2: going to start to deploy and they're going to deploy
• 10:07
  Speaker 2: in areas of trust.
• 10:09
  Speaker 1: Think about that. Let's talk about trust. When it comes
• 10:12
  Speaker 1: to Bitcoin, you got to look at Michael Saylor.
• 10:14
  Speaker 2: He's saying there's no reason to own Bitcoin because AI
• 10:16
  Speaker 2: can hack crypto app. Like I was saying, there's no
• 10:19
  Speaker 2: reason to speak English because AI can.
• 10:21
  Speaker 1: Hack a messaging app.
• 10:23
  Speaker 2: And they're kind of blind eyeing the whole issue around quantum.
• 10:27
  Speaker 2: And I think this is still a concern. Obviously, Google
• 10:31
  Speaker 2: either is working a strategy against this or is in
• 10:35
  Speaker 2: real concern and have started to develop the custody strategy
• 10:38
  Speaker 2: to help the industries and also make money off of it.
• 10:41
  Speaker 2: But remember, MicroStrategy also in the custody business. So now,
• 10:45
  Speaker 2: is it possible we could see Bitcoin getting custody over
• 10:48
  Speaker 2: on Google, as we've seen their plan going forward. Other
• 10:52
  Speaker 2: issues happening right now, ETH treasury companies are getting ready
• 10:55
  Speaker 2: to report their Q3. And this is a big one
• 10:58
  Speaker 2: because we're watching how much of the ETH starts working
• 11:01
  Speaker 2: on chain. And remember that with BM & R, this
• 11:04
  Speaker 2: is the largest ETH holder out there with Tom Lee,
• 11:08
  Speaker 2: what are they going to do with all this money?
• 11:10
  Speaker 2: They're sitting there with a cash, first of all, the
• 11:12
  Speaker 2: amount of money they've earned from staking ETH. What is
• 11:15
  Speaker 2: that going to go and redeploy into if in fact
• 11:18
  Speaker 2: they stop putting money into new acquisition of ETH, which
• 11:22
  Speaker 2: is what they've said, and they've said they're holding to
• 11:24
  Speaker 2: that at 5%.
• 11:26
  Speaker 1: What would be next?
• 11:27
  Speaker 2: He's going to continue to pour it into DeFi. Watch
• 11:30
  Speaker 2: that one very closely. Last up is the DTCC is
• 11:34
  Speaker 2: now launched. Tokenization service is available, and they promised October.
• 11:39
  Speaker 2: Here we are on October 28th. It's available now. A
• 11:42
  Speaker 2: couple of points I want to focus on. There's 34
• 11:45
  Speaker 2: available securities that you can get at launch. I guess
• 11:49
  Speaker 2: they're going to be growing this down the road. And
• 11:52
  Speaker 2: it is available 24-7, but only to intra-chain peer-to-peer transfers
• 11:58
  Speaker 2: between DTC registered wallets. So figure out how you're going
• 12:04
  Speaker 2: to use this, I guess, as a retail trader, even
• 12:07
  Speaker 2: as maybe as an administrator.
• 12:08
  Speaker 1: I don't know, but it's something that.
• 12:12
  Speaker 2: We're going to watch because I still wasn't sure this
• 12:14
  Speaker 2: was going to get done, and it's got done. So
• 12:16
  Speaker 2: kudos to the DTCC team and, of course, Canton, who
• 12:20
  Speaker 2: is all part of this. We're going to be watching
• 12:23
  Speaker 2: very closely. If you like this video, hit like and subscribe,
• 12:32
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• 12:35
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• 12:36
  Speaker 1: The link is in the description.