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Stablecoin Bill Passes Senate!✅Stablecoin Stocks Skyrocket!🚀 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: We've been waiting for this, and that is the stable
• 0:08
  Speaker 1: coin and the Genius Act going through the Senate. It
• 0:11
  Speaker 1: went through with flying colors. We'll break it down for you.
• 0:13
  Speaker 1: My name is Bolbara. Welcome back in the tech path.
• 0:15
  Speaker 1: Let's get started today. I do want to thank our
• 0:16
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• 0:19
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• 0:27
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• 0:29
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• 0:36
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• 0:39
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• 0:41
  Speaker 1: started on that. Remember, diversification very important in any of
• 0:44
  Speaker 1: your assets, and iras are are a big part of
• 0:47
  Speaker 1: that in terms of growing long term wealth. So let's
• 0:50
  Speaker 1: take a look here of what's going on. If you
• 0:52
  Speaker 1: look at Circle the stock, remember.
• 0:54
  Speaker 2: This just went IPO. What did this grow?
• 0:57
  Speaker 1: I'm on the four hour chart, guys, So really over
• 0:59
  Speaker 1: the last last eighteen to twenty four hours, we've had
• 1:01
  Speaker 1: a sixty eight percent growth. Now I want you to
• 1:03
  Speaker 1: step back from that for a second and just think
• 1:06
  Speaker 1: about that, all right. Typical stock investors do not see
• 1:10
  Speaker 1: sixty eight percent growth over a period of four days.
• 1:15
  Speaker 1: That is something that's happening right now. This is why
• 1:18
  Speaker 1: we're seeing growth in the market based on the stable
• 1:21
  Speaker 1: coin passing and if you look at Robinhood, big candle
• 1:25
  Speaker 1: starting to move there, and then of course coinbase was
• 1:27
  Speaker 1: the one that really got the big move today almost
• 1:31
  Speaker 1: what are we up to two eighty seven off of
• 1:33
  Speaker 1: the two fifty marks, So big big changes right now.
• 1:37
  Speaker 1: Stocks that are correlated to crypto, specifically to stable coins,
• 1:42
  Speaker 1: remember that is the ones to keep your eye on,
• 1:45
  Speaker 1: all right, So quickly, this was the vote yesterday. Of
• 1:48
  Speaker 1: course it occurred late in the afternoon. It went a
• 1:51
  Speaker 1: little bit later. I think it ended up around five thirty.
• 1:53
  Speaker 1: And of course this was the run right there, as
• 1:55
  Speaker 1: you can see vote numbers through in eighteen right there,
• 1:58
  Speaker 1: sixty eight to thirty. Voting was too some of the
• 2:02
  Speaker 1: people though, just to if you kind of scan down here,
• 2:04
  Speaker 1: this was our NAIs And of course the ones that
• 2:07
  Speaker 1: surprised me was Holly and Schumer. Those were the two.
• 2:11
  Speaker 1: So don't know, I understand why that occurred. I think
• 2:15
  Speaker 1: with Schumer he was somewhat supportive of crypto and Josh Holly,
• 2:19
  Speaker 1: I get why he because he's not a big tech guy,
• 2:21
  Speaker 1: definitely does not want domination in the tech business, and
• 2:24
  Speaker 1: I think he's been looking at that. Now we're seeing
• 2:26
  Speaker 1: a lot more conversion, which makes this a much more
• 2:30
  Speaker 1: bipartisan approach. The point I'm beginning at is this could
• 2:33
  Speaker 1: roll in to the next phase of crypto legislation all
• 2:37
  Speaker 1: around the market structure. So that is what we're looking
• 2:40
  Speaker 1: at right now. Here's Tim Scott talking about that.
• 2:43
  Speaker 3: I think we get to market structure very quickly. I
• 2:46
  Speaker 3: hope to have a hearing in the next thirty to
• 2:48
  Speaker 3: forty days, which allows us to hopefully finish the process
• 2:52
  Speaker 3: before August.
• 2:53
  Speaker 4: Gotcha, So you're not concerned that if Genius passes as
• 2:56
  Speaker 4: a standalone build and market structure won't pass.
• 2:58
  Speaker 3: This year all.
• 3:00
  Speaker 2: It's not concerned at all.
• 3:02
  Speaker 1: So that is that's a big statement coming in from
• 3:05
  Speaker 1: Tim Scott. And if you look at the dates on this,
• 3:08
  Speaker 1: the bipartisan legislative framework, this is the Digital Asset Market
• 3:12
  Speaker 1: Structure bill he's talking about, and the committee meeting he's
• 3:15
  Speaker 1: talking about is right there, June twenty fourth, that's on
• 3:18
  Speaker 1: a Tuesday, so get ready for that. That, of course
• 3:21
  Speaker 1: is the beginning of where we'll start to see. I
• 3:24
  Speaker 1: think major shifts in the crypto markets, mainly through businesses
• 3:29
  Speaker 1: and the economies of scale that are growing in crypto
• 3:32
  Speaker 1: and blockchain.
• 3:33
  Speaker 2: Will begin to come in.
• 3:35
  Speaker 1: And what does that mean, Well, it means to the
• 3:36
  Speaker 1: United States is back in charge when it comes to
• 3:40
  Speaker 1: digital assets. Here Scott Bessant talking about that.
• 3:44
  Speaker 3: Every time there was a narrative that the US was
• 3:47
  Speaker 3: going to lose reserve currency status, why it's never happened.
• 3:51
  Speaker 2: Because crypto that seems to be a threat to the dollar.
• 3:55
  Speaker 3: I think it's the opposite. Oh, really, stable coins could
• 3:58
  Speaker 3: reinforce our supremacy.
• 4:01
  Speaker 5: And is that why it was crucial that Donald Trump
• 4:04
  Speaker 5: get involved in crypto rather than trying to constrain it
• 4:07
  Speaker 5: like Joe Biden.
• 4:08
  Speaker 3: Well, I think constrains two miles to award. I think
• 4:13
  Speaker 3: make it extinct. It's one of the most important phenomenons
• 4:18
  Speaker 3: that's happening in the world, and the US just ignored it.
• 4:21
  Speaker 3: And the Senate and this is bipartisan. There may be
• 4:24
  Speaker 3: sixteen Democrats we're going to vote with Republicans on this
• 4:28
  Speaker 3: on this bill, which inclination toward crypto was there, it
• 4:31
  Speaker 3: was just the White House. Yeah, the previous administration wanted
• 4:37
  Speaker 3: to kill it. So once we get this bill pass
• 4:40
  Speaker 3: the US, we can put our best standards and practices
• 4:44
  Speaker 3: out to the world.
• 4:45
  Speaker 2: It sounds like it's just another of the misses that
• 4:48
  Speaker 2: you've had to clean up.
• 4:49
  Speaker 3: There's a lot of little hanging fruit.
• 4:51
  Speaker 1: Well, China banned bitcoins, started coming at crypto very hard
• 4:55
  Speaker 1: in twenty twenty one, and of course the Biden administration
• 4:59
  Speaker 1: very interest Stingley went very hard, in fact, debanked so
• 5:02
  Speaker 1: many companies. So this, I think is exactly what Besson
• 5:06
  Speaker 1: is saying, and that is we are now in a
• 5:08
  Speaker 1: position where the US dollar could actually get strengthened because
• 5:12
  Speaker 1: of the fact that these stable coins are backed by
• 5:14
  Speaker 1: US treasuries and access to the US dollar now becomes
• 5:18
  Speaker 1: much much more efficient, so much more that we're looking
• 5:22
  Speaker 1: back in and how even the Biden administration of law
• 5:26
  Speaker 1: has come back and started to attack Dems that actually
• 5:30
  Speaker 1: voted for this.
• 5:31
  Speaker 2: Take a look at this clip.
• 5:32
  Speaker 6: What we heard from President Biden's former economic advisor Jared Bernstein,
• 5:37
  Speaker 6: who wrote about the Genius Acts. Quote, unless you're a criminal,
• 5:40
  Speaker 6: there are no uses for these currencies. Senator. He says,
• 5:43
  Speaker 6: if crypto disappeared tomorrow, the average person going about their
• 5:46
  Speaker 6: business would not notice, but the politicians who pockets they
• 5:50
  Speaker 6: so lavishly line would notice. What is obviously you know.
• 5:55
  Speaker 7: What we say, you know what, at the end of
• 5:57
  Speaker 7: the day, our constituents expect us to be able to
• 6:00
  Speaker 7: get things done. That's ultimately what people want is for
• 6:03
  Speaker 7: us to make it as safe as possible and then
• 6:06
  Speaker 7: to give them the decision. Opening up this currency digital
• 6:09
  Speaker 7: currency area is going to be very helpful to many
• 6:12
  Speaker 7: of our businesses, and I think it's an important step forward.
• 6:15
  Speaker 1: Yeah, let's don't you know, don't help American businesses and
• 6:18
  Speaker 1: the American people.
• 6:19
  Speaker 2: I don't think you should do that.
• 6:20
  Speaker 1: I mean, come on, you know, keep those down, go
• 6:22
  Speaker 1: ahead and continue to put money into other countries, those
• 6:25
  Speaker 1: kind of things. Yes, that's the exact same thing that
• 6:28
  Speaker 1: has been happening in crypto, and in fact, we're dealing
• 6:30
  Speaker 1: with the whole issue now of I think now maybe
• 6:34
  Speaker 1: a little bit of propaganda that's trying to figure out
• 6:37
  Speaker 1: how do we stop this going forward? How is the
• 6:39
  Speaker 1: bad stable coin that's going to be used out there
• 6:42
  Speaker 1: in almost every retail transaction. Here's Stellar and they're CEO
• 6:46
  Speaker 1: talking about that.
• 6:47
  Speaker 5: Take a look, because I think this is where really
• 6:49
  Speaker 5: the rubber meets the road when it comes to consumer behavior.
• 6:52
  Speaker 5: Consumers want to do what's easy.
• 6:55
  Speaker 8: So I actually don't agree that there is a challenge
• 6:58
  Speaker 8: with respect to ease of use three to five years ago.
• 7:01
  Speaker 8: There isn't today.
• 7:02
  Speaker 5: I just want to jump in. I know Sheanali has
• 7:03
  Speaker 5: a bunch of questions, but this sounds more difficult than
• 7:06
  Speaker 5: swiping your card, than paying the bill at the end
• 7:08
  Speaker 5: of the month, or paying whatever you can afford to pay.
• 7:10
  Speaker 5: We want to do what's easiest as consumers. Convince me
• 7:12
  Speaker 5: that stable coins are the right way, well.
• 7:14
  Speaker 8: I think a lot of people use their Venmo to
• 7:15
  Speaker 8: do exactly what you just talked about. A lot of
• 7:17
  Speaker 8: people are using PayPal to do exactly what you just
• 7:19
  Speaker 8: talked about, and that ease of use in leveraging stable
• 7:22
  Speaker 8: coins there is kind of the same. I don't think
• 7:24
  Speaker 8: the ease of use of it is going to be
• 7:25
  Speaker 8: the challenge in the barrier entry.
• 7:27
  Speaker 9: You know, I actually have a question in the exact
• 7:28
  Speaker 9: opposite direction, and it's you know, you heard us.
• 7:31
  Speaker 4: You're saying it's too easy.
• 7:32
  Speaker 9: Well, it might be easier for big retailers, as we've
• 7:37
  Speaker 9: been talking about, to maybe bypass the traditional financial system
• 7:40
  Speaker 9: in some ways by going directly to stable coin.
• 7:43
  Speaker 1: No doubt it's going to be easier. In fact, it's
• 7:45
  Speaker 1: probably going to become a landslide of adoption. Once your
• 7:49
  Speaker 1: retailer starts to offer up USDC or other stable coins
• 7:53
  Speaker 1: in terms of payment, it's going to give them incentives
• 7:56
  Speaker 1: to be able to get you to pay it, and eventually,
• 7:58
  Speaker 1: just like a rewards programming anything else you happily jump into,
• 8:02
  Speaker 1: you're going to do the same thing when you start
• 8:04
  Speaker 1: say wait a minute, I can save a little bit
• 8:05
  Speaker 1: of money by doing it this way, and it's the
• 8:07
  Speaker 1: same thing as a US dollar. Of course I would
• 8:09
  Speaker 1: do that. Yes, well JP Morgan thinks that way too,
• 8:12
  Speaker 1: and of course JP Morgan bringing a banking on chain.
• 8:15
  Speaker 1: Don't get over excited. This isn't necessarily a huge thing.
• 8:18
  Speaker 1: This is them talking about the pilot. It's going to
• 8:20
  Speaker 1: take a long time for them to get it going.
• 8:22
  Speaker 1: I don't know why this should be something that should
• 8:24
  Speaker 1: have been in the wings for anybody that's in the
• 8:25
  Speaker 1: financial industry. Understand this is a new instrument, it's been
• 8:28
  Speaker 1: in play for a while, and now we have regulation
• 8:30
  Speaker 1: around it. So guess what you're going to see banks
• 8:33
  Speaker 1: versus brokerage. Here's Franklin Templeton talking about that right now.
• 8:38
  Speaker 2: Take a look.
• 8:39
  Speaker 4: JP Morgan introduces USD deposit token on coinbases Base blockchain.
• 8:44
  Speaker 3: So how do you stay ahead?
• 8:45
  Speaker 10: You know what's interesting about the JP Morgan announcement is
• 8:48
  Speaker 10: that a tokenized deposit and it's not really quite a
• 8:52
  Speaker 10: stable coin or a token. It's just creating a wrapper
• 8:56
  Speaker 10: around your account based structure. In a sense, this is
• 9:00
  Speaker 10: JP Morgan protecting their banking franchise. Remember I said with
• 9:04
  Speaker 10: stable coins, the money comes out of these accounts. With
• 9:07
  Speaker 10: this tokenized deposit, this is a move by JP Morgan
• 9:11
  Speaker 10: to try and get people to leave that money in
• 9:13
  Speaker 10: their account because that's how JP Morgan makes money. I
• 9:16
  Speaker 10: just don't see tokenized deposit really having the same traction
• 9:20
  Speaker 10: that stable points and tokenized money market funds are going
• 9:23
  Speaker 10: to have.
• 9:23
  Speaker 1: You're going to get a chance to maybe earn a
• 9:24
  Speaker 1: little bit more money on those dollars and now put
• 9:28
  Speaker 1: them to work much faster. So here's a good example
• 9:30
  Speaker 1: of what Franklin Templeton is actually doing with a new
• 9:33
  Speaker 1: Yeald product.
• 9:34
  Speaker 2: Take a look.
• 9:35
  Speaker 4: But this was big news that was just released. Shows
• 9:37
  Speaker 4: that you're ahead of the curve once again.
• 9:40
  Speaker 10: This is probably one of the most consequential things I've
• 9:44
  Speaker 10: done in my entire career. A traditional money market fund,
• 9:47
  Speaker 10: you only get to earn interest if you are a
• 9:51
  Speaker 10: shareholder at the close of the day. If you owned
• 9:54
  Speaker 10: that money market fund during the day and you sold
• 9:57
  Speaker 10: it before the clothes, you don't get any interest for
• 10:00
  Speaker 10: that day, so you only get paid your yield once
• 10:03
  Speaker 10: a month. Let's say I had money market fund shares
• 10:06
  Speaker 10: and I wanted to transfer them to you. That is
• 10:09
  Speaker 10: a process that could literally take weeks, like literal paperwork,
• 10:13
  Speaker 10: not even electronic paperwork. I'd have to mail it in,
• 10:17
  Speaker 10: I'd have to wait for a response. So we are
• 10:20
  Speaker 10: able to put the shareholder record together second by second.
• 10:24
  Speaker 10: And therefore, if you own our money market fund for
• 10:27
  Speaker 10: two hours and thirty six minutes during the day, you
• 10:31
  Speaker 10: now get that two hours and thirty six minutes worth
• 10:34
  Speaker 10: of yield. And if you transfer those funds to me,
• 10:38
  Speaker 10: I get them during the day. I start earning yield
• 10:40
  Speaker 10: the second you transfer them to me. We could pay
• 10:42
  Speaker 10: out yield every single day, including Saturdays, Sundays, and holidays.
• 10:48
  Speaker 10: You can transfer it to me, and I can transfer
• 10:50
  Speaker 10: it to you at will, just like you would use VENMO.
• 10:53
  Speaker 1: Franklin temple then proposes an XRP and salana ETFs as
• 10:56
  Speaker 1: the sec is. Of course now reviewing this, are going
• 11:00
  Speaker 1: to see a solana an and an XRP ETF.
• 11:03
  Speaker 2: It's going to happen, guys.
• 11:04
  Speaker 1: We're going to have it available to us, possibly very
• 11:06
  Speaker 1: very soon.
• 11:07
  Speaker 2: So if you look at the filings and.
• 11:09
  Speaker 1: You consider where Franklin Templeton is, that's one point five trillions.
• 11:14
  Speaker 2: So they clearly are the largest.
• 11:16
  Speaker 1: The fact that they're going after solana An XRP, well
• 11:20
  Speaker 1: that says something.
• 11:21
  Speaker 2: Let's take a look at DeFi Lama.
• 11:23
  Speaker 1: You can kind of just take a look at where
• 11:24
  Speaker 1: base is going overall again up and if you look
• 11:28
  Speaker 1: at the use I think of where stable coins are
• 11:31
  Speaker 1: going to be, this is just the kind of thing
• 11:33
  Speaker 1: that I think is just now beginning. Here's unit chain,
• 11:35
  Speaker 1: which is uniswap stable coin usage. We're going to see
• 11:38
  Speaker 1: more growth on that. Also, take a look at bitcoin
• 11:40
  Speaker 1: dominance versus what's happening right here with Ethereum a little bit.
• 11:44
  Speaker 2: Of movement now, Remember most at least in the United States.
• 11:47
  Speaker 1: If you think about USDC, that's an RC twenty token.
• 11:52
  Speaker 1: We're going to see growth within the Ethereum ecosystem. It
• 11:55
  Speaker 1: is the dominant player around stable coins right now. It's
• 11:58
  Speaker 1: going to get crazy. You're going to have to You're
• 12:00
  Speaker 1: going to need a cheat sheet just to figure out
• 12:01
  Speaker 1: where you can get the best yield going forward. Solana
• 12:04
  Speaker 1: is now talking about all sorts of token is securities
• 12:09
  Speaker 1: and this framework could go into.
• 12:10
  Speaker 2: Play pretty quickly.
• 12:12
  Speaker 1: Token I securities, I think also is a major major
• 12:15
  Speaker 1: shift into the next iteration of how stock trading is
• 12:18
  Speaker 1: going to happen. You guys are going to see this,
• 12:20
  Speaker 1: I think within the year, and we're probably going to
• 12:22
  Speaker 1: see it with Robinhood.
• 12:24
  Speaker 2: Take a look at this clip. This is what Vlad
• 12:26
  Speaker 2: had to say.
• 12:27
  Speaker 11: Join us on June thirtieth for Robinhood Presents to Catch
• 12:30
  Speaker 11: a Token, which is our first ever crypto keynote, which
• 12:33
  Speaker 11: will be live streaming from con on the French Riviera.
• 12:36
  Speaker 11: It's going to be a landmark moment for Robinhood, hopefully
• 12:39
  Speaker 11: for the crypto industry with some big new product announcements.
• 12:42
  Speaker 11: We're also launching a series of rewards leading up to
• 12:46
  Speaker 11: and through the event in case you need it a
• 12:48
  Speaker 11: little bit more incentive to tune in.
• 12:52
  Speaker 1: Meaning that robin Hood's getting a little bit degenerate. I
• 12:55
  Speaker 1: think here for sure now, if you're not watching or
• 12:57
  Speaker 1: paying attention, you should be. Arbitram is the framework in
• 13:01
  Speaker 1: which robinhood is most likely going to go out with
• 13:03
  Speaker 1: token I securities. You also look at this right here.
• 13:06
  Speaker 1: Pactor also live now on Arbitrum. So and there's a
• 13:09
  Speaker 1: lot of cool features that are driven off of this,
• 13:12
  Speaker 1: especially around UAX and use case. This is something that
• 13:16
  Speaker 1: a lot of this stuff is working in the background. Guys,
• 13:18
  Speaker 1: you won't know this if you're brand new a crypto.
• 13:20
  Speaker 1: Don't worry about that. The key is is making it
• 13:22
  Speaker 1: easy to use and easy to onboard, because that's where
• 13:25
  Speaker 1: the growth is going to come from. Remember, in the
• 13:28
  Speaker 1: United States, it's still a very small percentage of the
• 13:30
  Speaker 1: population that owns crypto or even actuates on crypto on
• 13:33
  Speaker 1: a daily basis. So it is a big opportunity now
• 13:37
  Speaker 1: with that taking place. Watch what some of the fund
• 13:40
  Speaker 1: managers are doing here is Kathy Wood and Kathy's ark.
• 13:44
  Speaker 1: Let's take a look at what she's doing Circle. All
• 13:46
  Speaker 1: of this is in cell position while Circle is exploding
• 13:49
  Speaker 1: on the charts, which is interesting. And then also she's
• 13:53
  Speaker 1: selling Coinbase, so she's doing that, and she's also selling
• 13:57
  Speaker 1: Robin Hoods, which have been good positions.
• 13:59
  Speaker 2: For her over the years. This is its confusing to
• 14:02
  Speaker 2: me when you look.
• 14:03
  Speaker 1: At trades of hood here's are selling quite a few,
• 14:07
  Speaker 1: and then you look at trades of Coinbase, all of
• 14:10
  Speaker 1: this transacting at a time in which most likely these
• 14:15
  Speaker 1: are going to explode. We already saw an immediate explosion.
• 14:19
  Speaker 1: Is this now the gateway for a lot of people
• 14:21
  Speaker 1: that are just now getting into crypto or even understanding
• 14:24
  Speaker 1: what a stable coin is going?
• 14:26
  Speaker 12: Well?
• 14:26
  Speaker 2: What stock can I buy?
• 14:27
  Speaker 1: Because remember that's a lot of people that have been
• 14:30
  Speaker 1: investing in traditional Wall Street funds for a very long time.
• 14:34
  Speaker 1: So why is Kathy Wood moving in that direction? Well
• 14:38
  Speaker 1: here's what Jesse Pollock had to say.
• 14:40
  Speaker 12: But then just in the fall, I took over a
• 14:42
  Speaker 12: coinbas wallet. We right away started a ground up rewrite
• 14:44
  Speaker 12: of the product. We're nearing the end. It's actually in
• 14:47
  Speaker 12: private beta right now. You know, it's a totally different.
• 14:50
  Speaker 12: The screen can't see, but it's a totally different product.
• 14:52
  Speaker 12: It's a social app. We have a whole video feed
• 14:56
  Speaker 12: with like TikTok. We have mini apps where you can
• 14:59
  Speaker 12: go and play game. Because we have stable coins for
• 15:01
  Speaker 12: all these different countries, including the Eurozone and Brazil and
• 15:05
  Speaker 12: South Africa, we can make this wallet work for people
• 15:08
  Speaker 12: everywhere in the world. Instead of Facebook or Instagram taking
• 15:12
  Speaker 12: ninety five percent of the value of your creativity, you're
• 15:15
  Speaker 12: gonna get that ninety five percent of value. It means
• 15:17
  Speaker 12: you're going to own the relationships with your fans so
• 15:19
  Speaker 12: you can move around and not lose access to it.
• 15:21
  Speaker 12: And it means that you're not going to be at
• 15:23
  Speaker 12: risk of being deplatform. There're stle only around ten million
• 15:26
  Speaker 12: twenty million developers. There are hundreds of millions of creators.
• 15:30
  Speaker 1: But the big question is is why is Wall Street
• 15:32
  Speaker 1: exiting out of these positions that I don't know. Kathy
• 15:35
  Speaker 1: Wood might be unique in this scenario. When we're seeing
• 15:38
  Speaker 1: all the other companies, or quite a few other companies
• 15:41
  Speaker 1: moving so quickly into growth, some of them are really
• 15:44
  Speaker 1: kind of salivating over the opportunity around retail. We saw
• 15:48
  Speaker 1: this week earlier with announcements with Shopfi and the potential
• 15:52
  Speaker 1: use well, the use of stable coins, USDC and others.
• 15:55
  Speaker 1: Point being is that if restaurants, retail, hospitality, travel gets
• 16:00
  Speaker 1: into this quickly, we could see an absolute boom going forward.
• 16:05
  Speaker 1: Here was the poll I did just yesterday on saying
• 16:07
  Speaker 1: who would be the first to integrate this. Would it
• 16:09
  Speaker 1: be door Dash, Taco Bell, Chipotle? Those are the ones
• 16:12
  Speaker 1: I think that might be at the front of the line.
• 16:14
  Speaker 1: DoorDash right there, leader, because door Dash would have an
• 16:17
  Speaker 1: effect on thousands and thousands of restaurant brands that represent
• 16:23
  Speaker 1: millions of locations. So think about that millions of locations
• 16:27
  Speaker 1: and the amount of food that is served over a
• 16:30
  Speaker 1: period of just thirty days, and how many transactions are done.
• 16:33
  Speaker 2: You'll get the picture pretty quickly.
• 16:35
  Speaker 1: Other things you got to look at right here is
• 16:38
  Speaker 1: Hong Kong is now doubling down on digital assets and
• 16:40
  Speaker 1: citing obviously stable coin momentum. One thing that they noted here,
• 16:43
  Speaker 1: let me kind of kill that for you is they're
• 16:46
  Speaker 1: going to intensify their efforts to become a major global hub.
• 16:49
  Speaker 1: All of this is built around a surge in banking
• 16:52
  Speaker 1: activity that is tied to the rising interest in stable coins.
• 16:55
  Speaker 1: So that means that we are going to continue to
• 16:57
  Speaker 1: see Asia. I think so the EU is going to
• 17:01
  Speaker 1: start to flank behind what's going on there. But I
• 17:04
  Speaker 1: think where the real innovation is going to happen is
• 17:07
  Speaker 1: right here in the United States. Key here is speed
• 17:09
  Speaker 1: to market and who gets there first. So get ready, guys,
• 17:12
  Speaker 1: all of this is happening right now. Hong Kong is
• 17:15
  Speaker 1: going to plan their launch in August. This will take
• 17:18
  Speaker 1: effect August first. This will only create more of a
• 17:21
  Speaker 1: global community around what's happening in crypto as a whole.
• 17:24
  Speaker 1: Last up, of course, if you guys are not in
• 17:26
  Speaker 1: the Diamond Circle, make sure and get in on that.
• 17:28
  Speaker 1: It's a great place to get more content from us.
• 17:30
  Speaker 1: And of course if you're not in our telegram group,
• 17:33
  Speaker 1: we leave the link down.
• 17:34
  Speaker 2: Below, so use that.
• 17:35
  Speaker 1: It's only one Telegram group. I'm in there every day
• 17:37
  Speaker 1: chatting with you guys, so I'd love to talk with you.
• 17:39
  Speaker 1: If you're not following me on X, do that it's
• 17:41
  Speaker 1: at Paul Barrett. We'll catch you next time. Right here,
• 17:42
  Speaker 1: a tech path