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BlackRock Goes All-In on Ethereum!🚨Trillions Incoming!🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: This is a good one because it is going to
• 0:08
  Speaker 1: break down where Blackrocks strategy could be going around growth
• 0:12
  Speaker 1: in the blockchain world. We'll break it down for you.
• 0:15
  Speaker 1: I want to do think our sponsor today and that
• 0:17
  Speaker 1: is Coinbase. You guys can get, of course, over onto
• 0:20
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• 0:27
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• 0:30
  Speaker 1: get started over there on Coinbase. Now I want to
• 0:33
  Speaker 1: showcase something to you. I'm going to zoom in on
• 0:35
  Speaker 1: the real world asset site and if you guys don't
• 0:38
  Speaker 1: follow this, this is the biddle site Blackrocks Institutional Digital
• 0:44
  Speaker 1: Liquidity Fund, and I want to zoom in on something
• 0:47
  Speaker 1: because this is where it gets kind of very interesting.
• 0:50
  Speaker 1: From when the fund started, you know, nice little moves. Yes,
• 0:53
  Speaker 1: we anticipated that, we had the securitized team, talked about
• 0:57
  Speaker 1: this with Carlos, and then it's kind of been somewhat
• 1:00
  Speaker 1: sideways as you can see.
• 1:01
  Speaker 2: And then I'm going to zoom in.
• 1:02
  Speaker 1: Right here because this right here is pretty intriguing and
• 1:07
  Speaker 1: you kind of see these dates right here, So I
• 1:08
  Speaker 1: want to click in right there, March nine to ten. Yeah,
• 1:11
  Speaker 1: right there, so six hundred and sixty eight mil right there.
• 1:16
  Speaker 1: Then we get up here over a bill and the
• 1:18
  Speaker 1: fourteenth and it just continues to climb, and here we
• 1:20
  Speaker 1: are right there at almost two billion right there. Hard
• 1:25
  Speaker 1: to see, but right there's the chart you can kind
• 1:26
  Speaker 1: of see. So the potential here is pretty significant. Now,
• 1:29
  Speaker 1: what happened or what is going on that could cause
• 1:32
  Speaker 1: a little bit of this move.
• 1:34
  Speaker 2: Well.
• 1:34
  Speaker 1: Securitize, as you guys know, is pretty much the leading
• 1:38
  Speaker 1: to RWA company, and I think the potential for growth
• 1:41
  Speaker 1: is the key that everybody is looking at over time,
• 1:44
  Speaker 1: what they're forecasting right now from where we are, and this.
• 1:48
  Speaker 2: Is what you've seen.
• 1:49
  Speaker 1: So if this particular growth continues at this pace, this
• 1:53
  Speaker 1: is one of those very up into the right growth
• 1:57
  Speaker 1: curves around a blockchain that could explode. And of course
• 2:02
  Speaker 1: Ethereum is still very very underserved as just a token price.
• 2:07
  Speaker 1: Let me go over to this clip right here, because
• 2:08
  Speaker 1: this is Securitized talking about them launching a new chain
• 2:13
  Speaker 1: on Ethereum.
• 2:14
  Speaker 3: Take a look, all right, So what we're answering today
• 2:16
  Speaker 3: is the following We're going to launch a new chain
• 2:18
  Speaker 3: together between Athena and securities called converts. R WAS and
• 2:21
  Speaker 3: DeFi will convert into the same thing that will make
• 2:24
  Speaker 3: grow both the r WA market and the DEFIVE markets
• 2:27
  Speaker 3: to an order of monitum bigger than that. So we're
• 2:32
  Speaker 3: bringing this together and it will be fully integrated in
• 2:35
  Speaker 3: the chain. What we're trying to do here is to
• 2:37
  Speaker 3: basically take traditional capital markets assets, put them on tokenized form,
• 2:42
  Speaker 3: and then make them useful within the DeFi ecosystem.
• 2:45
  Speaker 1: DeFi markets around one hundred billion, US capital markets around
• 2:48
  Speaker 1: one hundred trillions, so the potential to get DeFi for
• 2:50
  Speaker 1: these capital.
• 2:51
  Speaker 2: Markets could be huge.
• 2:52
  Speaker 1: It goes back to the chart that I showed you
• 2:54
  Speaker 1: earlier from Securitized in terms of RWA growth and what
• 2:58
  Speaker 1: the potential is. All of this resides on ethereum.
• 3:01
  Speaker 2: Guys.
• 3:01
  Speaker 1: This is why eth is in such a good position.
• 3:05
  Speaker 2: Now. If you think about Blackrock and.
• 3:07
  Speaker 1: You wonder a little bit about where they're going, well,
• 3:10
  Speaker 1: this guy right here is Robert Mitchnick. He is essentially
• 3:13
  Speaker 1: their digital assets director lead. This is a guy that
• 3:16
  Speaker 1: makes all the calls around RBA's and in this next
• 3:19
  Speaker 1: clip he breaks down the comparison between bitcoin and ethereum
• 3:24
  Speaker 1: in terms of growth trajectory and also the opportunity that
• 3:28
  Speaker 1: is happening.
• 3:29
  Speaker 2: Pay attention to.
• 3:29
  Speaker 1: This because remember black Rock still has the largest ETF
• 3:32
  Speaker 1: out there on bitcoin ibit. This is a big statement
• 3:36
  Speaker 1: and it may be the point of where we see
• 3:39
  Speaker 1: this all in on ETH.
• 3:40
  Speaker 2: Take a look.
• 3:41
  Speaker 4: The resonance of the two kind of depends on for
• 3:45
  Speaker 4: background and interest and expertise. Right if I go to
• 3:49
  Speaker 4: the engineering part of our digital assets team or our
• 3:53
  Speaker 4: engineering or broadly, I would say, you know, it's probably
• 3:56
  Speaker 4: four to one people actually more interested, more excited about ETH.
• 4:01
  Speaker 1: All right, So, as you know, Blackrock, a brokerage, is
• 4:04
  Speaker 1: in a bit of a war right now with banks.
• 4:06
  Speaker 2: This is something that we're going to probably see a
• 4:08
  Speaker 2: lot more of. Now.
• 4:09
  Speaker 1: You have to look at where banks are going because
• 4:11
  Speaker 1: this is a play that banks have not had a
• 4:13
  Speaker 1: chance to do in terms of getting into blockchain, holding
• 4:16
  Speaker 1: stable coins, et cetera, our to bas et cetera. This
• 4:19
  Speaker 1: is where I think Avalanche could play into this.
• 4:22
  Speaker 2: Take a look at this clip.
• 4:24
  Speaker 5: Maybe like a hot take from my side is that
• 4:26
  Speaker 5: I think that any application or business that reaches true
• 4:29
  Speaker 5: product market fit in this space will want and necessitate
• 4:33
  Speaker 5: its own chain, its own layer one blockchain. I mean, frankly,
• 4:37
  Speaker 5: we had converged today, right, So they're building their own chain.
• 4:40
  Speaker 5: So I think we'll start seeing more of that, and
• 4:42
  Speaker 5: inherently they'll they'll have to be interoperable.
• 4:44
  Speaker 6: So just curious who here in the audience thinks the
• 4:46
  Speaker 6: world needs more blockchains?
• 4:49
  Speaker 4: All right?
• 4:49
  Speaker 2: There's three people.
• 4:51
  Speaker 5: I don't mean entire blockchain networks, right, they can be
• 4:53
  Speaker 5: Avalanche all ones, they can be Cosmos chains. I think
• 4:57
  Speaker 5: what we really need to see to see the tipping
• 4:59
  Speaker 5: poin is for a web two company, whether it's a
• 5:03
  Speaker 5: neo bank or a wealth tech platform, one of these
• 5:06
  Speaker 5: that is not necessarily like a traditional incumbent bank, but
• 5:09
  Speaker 5: maybe a challenger that really starts to adopt the tech
• 5:13
  Speaker 5: and start really kind of gearing up its business, building
• 5:16
  Speaker 5: a moat. And that's when I think others will start
• 5:18
  Speaker 5: to have FOMO and kind of come in and really
• 5:21
  Speaker 5: start to like ramp things up on their side. Have
• 5:23
  Speaker 5: only seen that a bit with JP Morgan, though with
• 5:26
  Speaker 5: JP Morgan, yeah, I don't think we've seen an Adyx.
• 5:29
  Speaker 5: It's the it.
• 5:31
  Speaker 2: Girl, all right.
• 5:33
  Speaker 1: So the point they're making there is that there is
• 5:35
  Speaker 1: a massive shift underway right now, and I think what
• 5:38
  Speaker 1: they're alluding to could be the spot that Robinhood is
• 5:42
  Speaker 1: trying to fill. And you guys heard me probably talk
• 5:44
  Speaker 1: a little bit about Robinhood big announcements this week. They've
• 5:46
  Speaker 1: got this whole new money manager plan, but they're also
• 5:48
  Speaker 1: looking at becoming a bank for you in the fall.
• 5:52
  Speaker 1: That could be this Web two bank that could understand
• 5:56
  Speaker 1: the connection into blockchain and tie this in. So with that,
• 6:01
  Speaker 1: I want to go to this next clip with Vlad
• 6:02
  Speaker 1: the CEO of Robinhood.
• 6:03
  Speaker 2: Take a look.
• 6:04
  Speaker 7: There's actually a lot that we're going to get done
• 6:06
  Speaker 7: this year, so investing in the Robinhood wallet, thousands of
• 6:11
  Speaker 7: additional coins, and then we have bitstamp, and we really
• 6:14
  Speaker 7: see an opportunity there to drive the same sort of
• 6:17
  Speaker 7: Robinhood effect that we've brought to retail to the institutional
• 6:20
  Speaker 7: space with crypto. But what I'm perhaps most excited about
• 6:24
  Speaker 7: is tokenization equities, private investments and more should be brought
• 6:29
  Speaker 7: onto crypto technology to really unleash the true power of
• 6:33
  Speaker 7: the crypto revolution.
• 6:35
  Speaker 2: Look at uniswap right here.
• 6:36
  Speaker 1: Just check the chain all volume on uniswap before just
• 6:39
  Speaker 1: cross two point five billion with ethereum, arbitrambrace, etc. E.
• 6:44
  Speaker 1: The course is still continuing to climb and grow. So
• 6:47
  Speaker 1: I think again this lines up very well with what's happening. Furthermore,
• 6:51
  Speaker 1: if you look at that and look at the validator
• 6:53
  Speaker 1: right here, just get into take a look at the
• 6:56
  Speaker 1: validator cube. But also on a showcase right here, this
• 7:00
  Speaker 1: growth right here that we see on active validators. This
• 7:02
  Speaker 1: is over the last year.
• 7:03
  Speaker 2: All growing.
• 7:04
  Speaker 1: And remember that when you're trying to grow something, you
• 7:08
  Speaker 1: need developers, and you need infrastructure, and you need ecosystem.
• 7:11
  Speaker 1: That's where ethereum, of course comes into play. This next
• 7:14
  Speaker 1: clip we'll get into well, if you have all that
• 7:18
  Speaker 1: and you have potential investment coming in, where would it go.
• 7:22
  Speaker 2: Take a look.
• 7:24
  Speaker 7: Over the next several decades, one hundred and twenty four
• 7:26
  Speaker 7: trillion is going to be handed down from older generations
• 7:30
  Speaker 7: to younger including many of the Gold members in this room.
• 7:33
  Speaker 7: The Great Wealth Transfer, the largest movement of assets in
• 7:38
  Speaker 7: human history. We're putting the pieces in place so that
• 7:41
  Speaker 7: we can fulfill your daily and your lifetime financial needs,
• 7:44
  Speaker 7: some of which you'll hear about at our first crypto
• 7:47
  Speaker 7: event in France in just three months.
• 7:50
  Speaker 1: And with that you got to look at etherealized. Etherealized
• 7:53
  Speaker 1: is just opening up the potential here for product marketing
• 7:56
  Speaker 1: on the Ethereum ecosystem. They are able to tell the
• 8:00
  Speaker 1: story to boomers. Boomers of course all in these you
• 8:03
  Speaker 1: know funds, all in these institutional capital houses, who also
• 8:08
  Speaker 1: are in a position where they're starting to transfer. Well,
• 8:10
  Speaker 1: so this is where etherializes winning over boomers.
• 8:13
  Speaker 2: Take a look at this clip.
• 8:14
  Speaker 6: The realize is very new. We started a few months ago.
• 8:17
  Speaker 6: Our vision is to bring all the world's financial assets
• 8:20
  Speaker 6: onto Ethereum. Started starting with the focus on Wall Street.
• 8:23
  Speaker 5: Right.
• 8:23
  Speaker 6: Let's say you have Apple Stock. You could put this
• 8:25
  Speaker 6: on chain, you could plug it into a DeFi protocol,
• 8:28
  Speaker 6: you could take a loan out against it, split it
• 8:30
  Speaker 6: up into like its principle and its dividend components.
• 8:33
  Speaker 8: I mean, Nice had a dividend piece too, because that's
• 8:35
  Speaker 8: real that's real value right there.
• 8:37
  Speaker 6: Oh, for sure, we have a lot of other things
• 8:39
  Speaker 6: I can't talk about right now. Unfortunately, in the pipeline
• 8:43
  Speaker 6: this is kind of a kin to what Amazon does,
• 8:45
  Speaker 6: where they prioritize usage instead of instead of profits in
• 8:49
  Speaker 6: order to grow and kind of take over the market.
• 8:52
  Speaker 8: Fearing out of the way too. If you think about
• 8:54
  Speaker 8: what they did technically, it was simple building blocks. Yeah,
• 8:56
  Speaker 8: and then fill it in as they say, working backwards
• 8:59
  Speaker 8: from the customer, which is their their ethos. But similar
• 9:03
  Speaker 8: things are happening in ethereum. Yes, that's the story.
• 9:06
  Speaker 6: Yeah. Ethereum was just one platform. It did about twelve
• 9:11
  Speaker 6: transactions a second. Okay, Ethereum needs to do thousands, and
• 9:15
  Speaker 6: that's what roll ups allow it to do. Pretty soon
• 9:18
  Speaker 6: they'll all be able to interoperate seamlessly.
• 9:20
  Speaker 8: And getting better. So the evolutionary nature of Ethereum right
• 9:23
  Speaker 8: now is a positive to your point about the growth piece. Sure.
• 9:27
  Speaker 8: So now, fifteen twenty years ago, A ws okay, why
• 9:31
  Speaker 8: should I build a data center? Their value propercor was clear.
• 9:33
  Speaker 8: I just go I got a prototyltic. Don't yet know
• 9:35
  Speaker 8: what it is that democratized. No names like Airbnb, Dropbox
• 9:39
  Speaker 8: came out of the woodwork boom, massive wealth creation. The
• 9:43
  Speaker 8: numbers are off the chart, so that a similar concept
• 9:47
  Speaker 8: attracts developers. Ethereum attracts that PERSONA They go, I like this,
• 9:52
  Speaker 8: but you have all these other factors in Ethereum that
• 9:55
  Speaker 8: you don't have on bitcoin, because it's kind of lagging
• 9:58
  Speaker 8: that in my opinion on them.
• 10:00
  Speaker 6: Yeah, well, you know people use ethereum.
• 10:05
  Speaker 8: A good point right there. If you have the answer,
• 10:08
  Speaker 8: you have to be willing to misunderstood for a long time,
• 10:11
  Speaker 8: and Amazon Web Services was misunderstood. I mean people were
• 10:15
  Speaker 8: throwing haymakers out there. Oh it's just trivial, anyone can
• 10:18
  Speaker 8: do that. What they were missing was but you weren't
• 10:21
  Speaker 8: comparing the right things.
• 10:23
  Speaker 1: If you go back to two thousand and six, here,
• 10:24
  Speaker 1: this is Amazon's stock price in two thousand and six,
• 10:28
  Speaker 1: right around a buck seventy. That line in the sand
• 10:31
  Speaker 1: right there was when AWS was created. Look at the
• 10:34
  Speaker 1: growth of Amazon and guys, it didn't stop there. This
• 10:38
  Speaker 1: just kept going. This is the Amazon stock as we
• 10:42
  Speaker 1: started to see AWS and the future potential of what
• 10:47
  Speaker 1: Amazon would become. And I think that's the point where
• 10:51
  Speaker 1: we are right now with financial assets and the potential
• 10:55
  Speaker 1: of us seeing ETH along with other ecosystems, accelerate into
• 10:59
  Speaker 1: this next generation possibly the you know, possibly the next Internet,
• 11:04
  Speaker 1: you know, in terms of growth and opportunity.
• 11:06
  Speaker 2: Here so a lot to talk about. We're going to.
• 11:08
  Speaker 1: Continue to cover this for you guys. Of course, if
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