Latest / The Paul Barron Crypto Show / Coinbase Officially Removes Stablecoin Yields!🚫Robinhood Enabling Supercycle?

Transcript

Coinbase Officially Removes Stablecoin Yields!🚫Robinhood Enabling Supercycle? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: A lot happening in the market. Is robin Hood causing
• 0:03
  Speaker 1: a super cycle today? We'll break it down for you.
• 0:04
  Speaker 1: Let's just get started. I do want to begin with
• 0:07
  Speaker 1: this X post right here, and this is a big
• 0:09
  Speaker 1: news issue because, as you guys know, we've talked about
• 0:12
  Speaker 1: and had Coinbase as a sponsor on our channel for
• 0:15
  Speaker 1: quite a while. But they are ending something that I
• 0:18
  Speaker 1: am not very happy about, and that is that your
• 0:21
  Speaker 1: USDC rewards rate is now dropping to zero, unless, of course,
• 0:26
  Speaker 1: you become a one member. If you get the one membership,
• 0:29
  Speaker 1: which is like sixty bucks a year, then you jump
• 0:32
  Speaker 1: back into the program of three and a half percent
• 0:35
  Speaker 1: apy on your Coinbase one account. I don't know if
• 0:38
  Speaker 1: you guys are already one members. Maybe you are, but
• 0:42
  Speaker 1: let me know in the comments. Does this make you
• 0:44
  Speaker 1: change how you will use Coinbase in the future if
• 0:48
  Speaker 1: you cannot earn rewards, you know, as a main platform
• 0:52
  Speaker 1: over there. If you look at robin Hood's comparison, remember
• 0:56
  Speaker 1: their annual subscription is fifty bucks, Coinbase one sixty bucks.
• 1:01
  Speaker 1: If you're paying monthly, then it's five bucks a month,
• 1:04
  Speaker 1: so then you pay the sixty bucks, so it's not
• 1:06
  Speaker 1: necessarily a wash. But if you do go annually, it
• 1:09
  Speaker 1: is cheaper to go there, and of course you do
• 1:11
  Speaker 1: get a lot of other benefits as you do with
• 1:14
  Speaker 1: Coinbase once, so it's kind of a toss up. But
• 1:16
  Speaker 1: the key here is they are not removing rewards because
• 1:19
  Speaker 1: they never gave them to you unless you were in
• 1:22
  Speaker 1: this program. The exchange that I would recommend if you
• 1:25
  Speaker 1: really want to earn some yields is Uphold. Uphold is
• 1:28
  Speaker 1: one of our sponsors, and they are now giving up
• 1:31
  Speaker 1: to four percent apy on your USD balance. This is
• 1:34
  Speaker 1: even more so than Robinhood. It's more than Coinbase, and
• 1:39
  Speaker 1: it has one cool caveat here there's no fee for
• 1:42
  Speaker 1: you to actually pay annually. Now, they do have a
• 1:45
  Speaker 1: withdrawal fee of like three bucks, so depending on what
• 1:48
  Speaker 1: your scenario is, this probably could easily pay for itself.
• 1:52
  Speaker 1: But you can of course earn over there. And remember
• 1:55
  Speaker 1: they've got a lot of other cool tools, including the
• 1:59
  Speaker 1: ability to get in to access early tokens, and of
• 2:02
  Speaker 1: course they've got the new credit card. You guys can
• 2:04
  Speaker 1: jump over on that. That's where they give the XRP
• 2:07
  Speaker 1: rewards on their debit card. I should say not credit
• 2:09
  Speaker 1: debit card. It's not a credit card. You don't have
• 2:12
  Speaker 1: to go through a credit check to get this, and
• 2:14
  Speaker 1: it still uses all same networks up to ten percent
• 2:17
  Speaker 1: back also on your direct deposit if you stack that in.
• 2:20
  Speaker 1: There so a lot of great benefits with uphold. I'm
• 2:23
  Speaker 1: beginning to see more and more value there as we're
• 2:26
  Speaker 1: starting to see this competitive nature building within these exchanges.
• 2:31
  Speaker 1: So use our link down below get started. Let me
• 2:34
  Speaker 1: know what you guys think about uphold. Do you like it?
• 2:36
  Speaker 1: Let's go over to Coinbase's announcement because they had to
• 2:39
  Speaker 1: get some news out, some good news and what's coming
• 2:43
  Speaker 1: we'll know later tonight and then of course we'll announce
• 2:47
  Speaker 1: this here on the show and kind of break it
• 2:49
  Speaker 1: down tomorrow. But I don't know, what do you think
• 2:51
  Speaker 1: is coming? What could they do? What could coinbase do
• 2:54
  Speaker 1: right now that would help you weather a bear market?
• 2:58
  Speaker 1: If we are in one to help you you, you know,
• 3:00
  Speaker 1: whether to continue to trade, lower fees, more more advancements,
• 3:05
  Speaker 1: a bank, you know, solution. What would it be that
• 3:08
  Speaker 1: would say this is why I'm a coinbase one member
• 3:11
  Speaker 1: and this is why I'm staying. Let me know now,
• 3:14
  Speaker 1: I want to go over to the clip because this
• 3:15
  Speaker 1: is where vlad Over from Robinhood announced a lot of
• 3:19
  Speaker 1: the new advancements and I have a statement on that
• 3:22
  Speaker 1: where I think this might be going. But take a look.
• 3:25
  Speaker 2: Welcome to Skywalker Ranch. As of today, you can access
• 3:29
  Speaker 2: our prediction markets on the web and I have to
• 3:32
  Speaker 2: say they look pretty sweet. Just browsing it like we're
• 3:35
  Speaker 2: doing now makes you smarter and more informed. It's for
• 3:39
  Speaker 2: these reasons that I believe we're at the very beginning
• 3:42
  Speaker 2: of a prediction market supercycle. We should expect to see
• 3:45
  Speaker 2: potentially into the trillions of contracts traded each year, our
• 3:49
  Speaker 2: competitors scrambling to follow and figure out how to offer
• 3:53
  Speaker 2: these products or risk becoming insignificant.
• 3:55
  Speaker 1: So no pun intended. But obviously he is at Skywroko
• 3:59
  Speaker 1: Ranch and where aring a rebel outfit, just like the
• 4:02
  Speaker 1: rebel he is, and that is trying to bring products
• 4:05
  Speaker 1: to market. I guess in a way, maybe before we
• 4:08
  Speaker 1: even see some things happening with Clarity, and I'll explain
• 4:11
  Speaker 1: that in a second, because there are some things going
• 4:13
  Speaker 1: on in the market right now that will affect a
• 4:15
  Speaker 1: lot of these financial institutions. Now, what he was referencing
• 4:18
  Speaker 1: is the prediction tool that they of course partner with
• 4:21
  Speaker 1: Calcion and what this might mean and how they're going
• 4:24
  Speaker 1: to utilize it in the future. Here's a clip that
• 4:26
  Speaker 1: I'm talking about the refresh and some of the updates.
• 4:29
  Speaker 1: Take a look.
• 4:29
  Speaker 3: Now, when you go to search, you'll see an elevated
• 4:32
  Speaker 3: search experience which shows you real time scores, live trading activity,
• 4:37
  Speaker 3: and a really easy way to trade winner spreads and totals,
• 4:40
  Speaker 3: limit orders, which allow you to set your entry and
• 4:43
  Speaker 3: exit price game notifications so you'll never miss a game
• 4:46
  Speaker 3: start or a close game.
• 4:47
  Speaker 4: We're excited to launch what we call preset combos, combining
• 4:50
  Speaker 4: multiple events into one contract that allow you to get
• 4:53
  Speaker 4: in at a lower entry price for a higher potential
• 4:57
  Speaker 4: payout Swipe up and now I currently have thirty five
• 5:00
  Speaker 4: contracts for this particular combo.
• 5:02
  Speaker 1: All right, so you can kind of see there are
• 5:04
  Speaker 1: a lot of ways that you're going to be able
• 5:06
  Speaker 1: to use prediction markets. I think we're going to see
• 5:08
  Speaker 1: even more of that. And remember, these guys are going
• 5:10
  Speaker 1: to make a killing. And the reason is think about
• 5:13
  Speaker 1: a bear market, you know, and you consider the lack
• 5:17
  Speaker 1: of trades that occur in this timing is everything. Prediction
• 5:21
  Speaker 1: is no more than gambling. That's what you're going to
• 5:23
  Speaker 1: be dealing with. The real question is is do we
• 5:25
  Speaker 1: get any kind of infrastructure that surrounds these prediction markets
• 5:29
  Speaker 1: in the future. I don't know. We're going to probably
• 5:31
  Speaker 1: see a lot more of them rolling out with any
• 5:33
  Speaker 1: of with many of these exchanges and institutions that are
• 5:36
  Speaker 1: going to be going forward with it. A couple of
• 5:38
  Speaker 1: things other that they hit on right here. Some people
• 5:40
  Speaker 1: have already started to realize that using a prediction market
• 5:43
  Speaker 1: could be cheaper than conventional insurance. This is thinking fireflood,
• 5:46
  Speaker 1: and hurricane insurance. Okay, let's go further into this, because
• 5:49
  Speaker 1: he started to reveal a few other things. One they
• 5:52
  Speaker 1: call them custom combos, which is really kind of customized
• 5:55
  Speaker 1: prediction markets.
• 5:56
  Speaker 3: Take a look, what if someone wants full control? What
• 5:59
  Speaker 3: if I want to cry off my own combo? The
• 6:01
  Speaker 3: moment you've been waiting for custom combos are coming. Let
• 6:05
  Speaker 3: me show you how that will work.
• 6:06
  Speaker 4: I'm gonna actually change this and move this over to
• 6:08
  Speaker 4: forty seven and a half.
• 6:09
  Speaker 3: Who do you think will score a touchdown?
• 6:11
  Speaker 4: I think Pouk is going to get in the end zone.
• 6:13
  Speaker 4: All right, let's maybe throw a smith the jigman there
• 6:15
  Speaker 4: and let's just say, cup, you.
• 6:17
  Speaker 3: Can mix and match the exact outcomes you believe in.
• 6:20
  Speaker 3: Custom combos are coming in January in time for the playoffs.
• 6:24
  Speaker 3: Imagine mixing your predictions in sports, culture, politics, really any
• 6:28
  Speaker 3: category into one trade.
• 6:30
  Speaker 1: So interesting that you have this dynamic, and what she
• 6:35
  Speaker 1: mentioned there at the end is important is the culture element.
• 6:39
  Speaker 1: And it also starts to bring a lot of different
• 6:41
  Speaker 1: betting things into the game, which in the past has
• 6:44
  Speaker 1: kind of always been in the sports game, but now
• 6:46
  Speaker 1: it's starting to mix in culture. You can leverage what's
• 6:50
  Speaker 1: happening in culture versus what's going on in sports versus
• 6:52
  Speaker 1: what's going on in something else. That creates an interesting
• 6:56
  Speaker 1: dynamic around how prediction markets will be used. Now, that
• 6:59
  Speaker 1: was the only thing they announced. They also dove into
• 7:02
  Speaker 1: a little bit more around their AI and Cortex and
• 7:04
  Speaker 1: what this will do for trading in the future. Take
• 7:07
  Speaker 1: a look.
• 7:08
  Speaker 2: This might get a little complicated, right, How will I
• 7:10
  Speaker 2: make sense of tens, potentially hundreds of thousands of markets.
• 7:14
  Speaker 2: That's where Robinhood Cortex comes in.
• 7:16
  Speaker 5: How's my Microsoft investment doing? My Microsoft position is down
• 7:20
  Speaker 5: about eight percent. Help me find some stocks that have
• 7:23
  Speaker 5: been unfairly punished by the market and laze them all
• 7:26
  Speaker 5: out right here in this table.
• 7:27
  Speaker 4: Check this out.
• 7:28
  Speaker 5: This is something that I haven't seen any other AI
• 7:31
  Speaker 5: in the market. Do compare the three month performance of
• 7:34
  Speaker 5: v stocks to Microsoft and then lay it all out
• 7:37
  Speaker 5: in this beautiful and interactive comparison chart.
• 7:40
  Speaker 3: And check this out.
• 7:41
  Speaker 5: I can scrub all the way back to the beginning
• 7:44
  Speaker 5: of the year and see how all of these stocks
• 7:46
  Speaker 5: have performed. Run a technical analysis on Oracle, including the
• 7:50
  Speaker 5: support zone resistance zone. Who wants to see something really cool,
• 7:53
  Speaker 5: Buy two shares of Oracle when it drops below one
• 7:56
  Speaker 5: to eighty a limit order for me with the number
• 7:58
  Speaker 5: of shares, the limit price, the session, the time and
• 8:01
  Speaker 5: force all here for me to review. I hit some
• 8:03
  Speaker 5: of it, and now my order is ready to Actually,
• 8:07
  Speaker 5: how will aliens impact my portfolio?
• 8:10
  Speaker 2: Can it be done in a Yoda voice? Let's see?
• 8:13
  Speaker 2: All right? All is guesswork?
• 8:15
  Speaker 4: This is.
• 8:16
  Speaker 1: Okay?
• 8:17
  Speaker 6: All right?
• 8:17
  Speaker 1: So this is big news because it does change I
• 8:20
  Speaker 1: think the dynamic of how one AI tools are going
• 8:23
  Speaker 1: to be used. But you're going to see this in
• 8:24
  Speaker 1: other exchanges. You're also going to see this with other
• 8:26
  Speaker 1: wealth management platforms that will start to release this question,
• 8:30
  Speaker 1: who's going to be best? Will you know? Still depend
• 8:33
  Speaker 1: on the user. I guess, but remember this is still AI.
• 8:35
  Speaker 1: It's looking back at data, which in finance sometimes that's good,
• 8:39
  Speaker 1: but it may not be taking other things into consideration.
• 8:42
  Speaker 1: I know there's one human element from an ANALYTI. It's
• 8:44
  Speaker 1: not like you're getting personal assistance, but it will start
• 8:49
  Speaker 1: to test against that. So this may it'll be interesting.
• 8:53
  Speaker 1: I want to test it out, but always do your research.
• 8:56
  Speaker 1: Always get in and do your due diligence on anything
• 8:59
  Speaker 1: you're doing on in best even if you're talking to
• 9:00
  Speaker 1: an AI. So just be aware this is very early going, guys.
• 9:03
  Speaker 1: So another thing they announced early was token I stock tokens.
• 9:08
  Speaker 1: We remember we mentioned this whole thing was on the
• 9:11
  Speaker 1: big EU event that they did. This is available in
• 9:14
  Speaker 1: the EU right now. But when you look at tokenised
• 9:16
  Speaker 1: stock tokens and against the price of what's happening within Robinhood,
• 9:22
  Speaker 1: you can kind of see what they're doing on token
• 9:24
  Speaker 1: is value and the assets that are tokenized. So it
• 9:26
  Speaker 1: continues to go up into the right. That's good. If
• 9:29
  Speaker 1: you look at some of the token I stocks, one
• 9:32
  Speaker 1: of them that's kind of interesting to me is this one,
• 9:34
  Speaker 1: right here look at bitmind. Let me zoom in on
• 9:37
  Speaker 1: that for you guys, this is Bitmin, Immersion Technologies, BM
• 9:40
  Speaker 1: and R. You know that is that of course is
• 9:42
  Speaker 1: tom Lee and it's setting at number four right here
• 9:45
  Speaker 1: behind Google and Microsoft, Google and Microsoft, way ahead of
• 9:50
  Speaker 1: anything else that's crypto related. So that is a huge
• 9:55
  Speaker 1: I think kudo to of course what's happening with bitmin,
• 9:58
  Speaker 1: but more importantly what's going on with eth. All right,
• 10:00
  Speaker 1: so let's take a look at market share where they
• 10:02
  Speaker 1: are right now if you look at doing analytics, and
• 10:04
  Speaker 1: I'll just kind of showcase a little a few things here.
• 10:07
  Speaker 1: One of course is there's Robinhood on arbitrum, very small.
• 10:11
  Speaker 1: Then you drop in here to x stocks absolutely killing it,
• 10:14
  Speaker 1: and then of course Onto not necessarily on the growth cycle,
• 10:17
  Speaker 1: but X stocks and Robinhood are most likely going to
• 10:21
  Speaker 1: be the ones to watch. So let's take a look
• 10:23
  Speaker 1: at what X stocks is doing. Now, let's take a
• 10:26
  Speaker 1: look at the same thing of where they're investing. What
• 10:30
  Speaker 1: is this, Yeah, Robinhood is their number one position right
• 10:33
  Speaker 1: now in terms of token is stocks within x stox.
• 10:36
  Speaker 1: So kind of intriguing here how these are kind of
• 10:41
  Speaker 1: coming together and it's unique because I think this opens
• 10:44
  Speaker 1: up a whole new era of stock trading. We are
• 10:46
  Speaker 1: going to see more of this. It's coming to Wall
• 10:48
  Speaker 1: Street faster than you can imagine, so big news introducing.
• 10:52
  Speaker 1: Of course, guess what stocks on securitize and you can
• 10:57
  Speaker 1: do this with real stocks, real ownership, but Securitize came
• 11:00
  Speaker 1: market really fast because they know and they understand where
• 11:03
  Speaker 1: this market is heading. So they scrambl I won't say scrambled,
• 11:06
  Speaker 1: but definitely. We've had Carlos on here many times. They're
• 11:09
  Speaker 1: definitely trying to come into the market. And of course
• 11:11
  Speaker 1: they had a clip out there that we have to
• 11:13
  Speaker 1: play for you guys. Take a look, Carlos.
• 11:15
  Speaker 7: Congratulations. You have a twenty percent market share of a
• 11:18
  Speaker 7: market that seemingly doubles every year or two, and some
• 11:22
  Speaker 7: of the projections are pretty extraordinary. I don't know if
• 11:24
  Speaker 7: you can keep the twenty percent, but even if it's
• 11:27
  Speaker 7: ten to fifteen percent of that growing market, it's a
• 11:30
  Speaker 7: significant market share that you have. Can you do the
• 11:32
  Speaker 7: math force here?
• 11:34
  Speaker 6: So the market today is very small. Actually we're the
• 11:36
  Speaker 6: largest player, but the market is around twenty five to
• 11:38
  Speaker 6: thirty billion dollars, depending on how many things you include there.
• 11:43
  Speaker 6: Even if I don't keep twenty percent markets here, if
• 11:45
  Speaker 6: I keep ten percent markets here, but the market really
• 11:47
  Speaker 6: goes to the bottom of the projections. It's like around
• 11:50
  Speaker 6: two trillion dollars. So two trillion dollars, ten percent advice
• 11:52
  Speaker 6: two hundred billion, So our company will grow tremendously in
• 11:56
  Speaker 6: the next few years. So it's a very exciting part
• 11:58
  Speaker 6: of the market to be Carlos.
• 12:00
  Speaker 4: When you look at the opportunity, is it really like,
• 12:01
  Speaker 4: what's the biggest impact?
• 12:03
  Speaker 1: Explain to the average person out there why things should
• 12:06
  Speaker 1: be tokenized.
• 12:06
  Speaker 3: Things seem to be working fine right now, So what
• 12:09
  Speaker 3: does tokenization get we too.
• 12:10
  Speaker 6: Yeah, things work fine or not. That depends on part
• 12:13
  Speaker 6: of the industry or expect What you mentioned that we
• 12:15
  Speaker 6: announced today is actually that you can actually settle trades
• 12:17
  Speaker 6: between stable coins and tokenized equities on chain instant it right,
• 12:21
  Speaker 6: and that eliminates intermediaries, the freees capital, etc.
• 12:25
  Speaker 1: Yeah, it's speed. It's speed that's the big difference, and
• 12:28
  Speaker 1: I think that will make a big difference in terms
• 12:30
  Speaker 1: of how investors go to market to address his position there.
• 12:34
  Speaker 1: First of all, their base case around two trillion. I
• 12:36
  Speaker 1: think that's way under we're going to see this in
• 12:38
  Speaker 1: multi trillions in terms of the market companies like what
• 12:42
  Speaker 1: Robinhood is doing, and you're probably going to see some
• 12:43
  Speaker 1: others that will only accelerate this. Remember securitizes, I won't
• 12:47
  Speaker 1: say obscure, but they're not necessarily a power player when
• 12:50
  Speaker 1: it gets into retail. Once you slide in retail, something
• 12:53
  Speaker 1: like a robin Hood or possibly a Fidelity or others
• 12:58
  Speaker 1: that could play into this. Now you could get you
• 13:01
  Speaker 1: breakaway scale that would start to increase the market value.
• 13:04
  Speaker 1: And whether it gets ten percent or not, that's still
• 13:06
  Speaker 1: a question. Let's go over to the Clarity Act because
• 13:08
  Speaker 1: this thing is definitely on the ropes. We've been reporting
• 13:11
  Speaker 1: on this for the last couple of weeks, and you know,
• 13:14
  Speaker 1: my position is my estimate that this was not going
• 13:17
  Speaker 1: to happen. And I've talked to many of the guys
• 13:19
  Speaker 1: up there in DC, many of which have been on
• 13:21
  Speaker 1: our show before that have talked about this with us
• 13:24
  Speaker 1: on air, saying that this is struggling. The big issue
• 13:27
  Speaker 1: coming out of the House getting a remark up over
• 13:30
  Speaker 1: in the Senate. Senate's all over it in terms of
• 13:32
  Speaker 1: what they want to retain, and this does not look
• 13:35
  Speaker 1: like it's going to occur, and it may not even
• 13:37
  Speaker 1: occur in early January. The real question is how does
• 13:41
  Speaker 1: this move forward with all of the changes that are
• 13:44
  Speaker 1: going to be happening in from the Senate. I think
• 13:47
  Speaker 1: that's the question. The Clarity Act, signed in a law
• 13:49
  Speaker 1: obviously in twenty five not going to happen there. It
• 13:52
  Speaker 1: is dead on arrival. Twenty six is our only shot,
• 13:55
  Speaker 1: the thing you got to watch for. Here's Rob Hammond
• 13:57
  Speaker 1: kind of hitting on this very point. This is all
• 13:59
  Speaker 1: going to on the contingents issues of interest bearing stable coins.
• 14:04
  Speaker 1: Isn't that interesting? Interest bearing stable coins AML obligations basically
• 14:09
  Speaker 1: are trying to bring over all the banking regulations into clarity.
• 14:13
  Speaker 1: Notice that, and then DeFi trading and self custody. All
• 14:17
  Speaker 1: of this is policy fights that have been really on
• 14:20
  Speaker 1: the block for quite some time. So good news is
• 14:23
  Speaker 1: that we're probably going to see a lot of these
• 14:25
  Speaker 1: companies like Robin Not others start to kind of flex
• 14:27
  Speaker 1: their muscle and probably release products even before Clarity is done,
• 14:31
  Speaker 1: and mainly because the SEC has kind of gone through
• 14:34
  Speaker 1: this innovation incubation that they're allowing many of these companies
• 14:37
  Speaker 1: to slide with because they know that it's coming. Clarity
• 14:41
  Speaker 1: will be coming. The problem, the big one is that
• 14:44
  Speaker 1: banks are positioning much stronger on this, and there is
• 14:47
  Speaker 1: something I'll show you here in a second that will
• 14:49
  Speaker 1: align up in terms of why they've been doing this.
• 14:52
  Speaker 1: A very critical thing. These powerful lobbies continue to push
• 14:56
  Speaker 1: on this. This of course gets into the business side
• 14:58
  Speaker 1: of things. This is a deb card fee cap and
• 15:02
  Speaker 1: this is going to be another warning on credit card regulation.
• 15:05
  Speaker 1: Just to be aware. You're going to continue to see
• 15:06
  Speaker 1: these fees rise and eventually this will end up translating
• 15:09
  Speaker 1: down to the consumer because these businesses will again start
• 15:12
  Speaker 1: to translate those costs over to the consumer. I know
• 15:15
  Speaker 1: they're going to try to implement laws in which they
• 15:17
  Speaker 1: can't do that that you would think would start to
• 15:21
  Speaker 1: open up maybe other veins in how businesses might go
• 15:24
  Speaker 1: to market for payment, which could get into stable coins.
• 15:27
  Speaker 1: This is still very early. The banks are shuffling heavily
• 15:31
  Speaker 1: here because they understand they are behind the eight ball
• 15:35
  Speaker 1: and they are pushing hard to get in front of it.
• 15:37
  Speaker 1: All right, So as you can see, one other tweet
• 15:40
  Speaker 1: I want to show you is what Eleanor was dropping
• 15:42
  Speaker 1: in and this is talking about the sixty day public
• 15:45
  Speaker 1: comment period on the process for banks seeking to issue
• 15:48
  Speaker 1: stable coins. Timing is interesting here because this allowed a
• 15:52
  Speaker 1: sixty day window which is now expiring, allowing these banks
• 15:56
  Speaker 1: to jump into stable coins and start moving into maybe
• 16:00
  Speaker 1: strategies to maintain their customer base. That's the issue that
• 16:03
  Speaker 1: we're dealing with. Once you make these stable coins yield bearing.
• 16:07
  Speaker 1: They were concerned. Banks were concerned that we would see
• 16:11
  Speaker 1: an exodus into those markets. The likelihood is, yes, we
• 16:14
  Speaker 1: would have with this happening, them allowing them to print
• 16:18
  Speaker 1: their own stable coin and maybe start paying yield on it.
• 16:21
  Speaker 1: The question is is where would you change out your
• 16:24
  Speaker 1: bank for another strategy if the bank came back and said, hey,
• 16:28
  Speaker 1: I'll give you one or maybe two percent on your
• 16:31
  Speaker 1: stable coin at JPM or any other bank out there.
• 16:35
  Speaker 1: Let me know what you guys think in the comments
• 16:36
  Speaker 1: how that plays things out. Let's go over to Coinbase's announcement.
• 16:41
  Speaker 1: It's supposed to happen. We should see it here in
• 16:43
  Speaker 1: the next few hours. Let's hope they've got something super exciting.
• 16:48
  Speaker 1: Lots of key business updates too. This to me might
• 16:50
  Speaker 1: be the angle in which coinbase is trying to go
• 16:52
  Speaker 1: into because they've kind of dominated the retail side of things.
• 16:56
  Speaker 1: Maybe they are opening up some things because I don't know,
• 16:58
  Speaker 1: if you've ever tried to get a business account on Coinbase,
• 17:00
  Speaker 1: it is kind of hard to do, more so than
• 17:04
  Speaker 1: even opening up a business bank account. So that is
• 17:06
  Speaker 1: a problem they have to fix maybe, and a lot
• 17:09
  Speaker 1: of it has been because of the am L and
• 17:11
  Speaker 1: all these you know, KYC issues that they're dealing with,
• 17:13
  Speaker 1: which is the traditional banking rails that you know basically
• 17:16
  Speaker 1: are inflicting that up on the credit or excuse me,
• 17:19
  Speaker 1: crypto industry for sure. Last up, if you take a
• 17:23
  Speaker 1: look at Coinbase where they are in the stock, it
• 17:26
  Speaker 1: is continuing to rail down after the fact that I
• 17:30
  Speaker 1: think they announced that they're no longer paying you know,
• 17:33
  Speaker 1: yields on free accounts on Coinbase, which I still think Brian,
• 17:37
  Speaker 1: that was a bad move. I think you should retrack that.
• 17:39
  Speaker 1: If you're listening right now, I understand, but you've got
• 17:42
  Speaker 1: to keep customers, and I think this is the way
• 17:45
  Speaker 1: to do it. However, if you look at Robinhood and
• 17:48
  Speaker 1: what they've been able to do, let's take a look
• 17:50
  Speaker 1: at hoodstock real quick. Hood has said, well, they had
• 17:53
  Speaker 1: been kind of climbing down. This is of course on
• 17:55
  Speaker 1: the four hour and as of today with some of
• 17:57
  Speaker 1: these new announcements, Robinhood clipping up just a little little
• 18:00
  Speaker 1: bit over one hundred and twenty at one point and
• 18:02
  Speaker 1: then holding it at one point seventeen right now, So
• 18:05
  Speaker 1: we'll be reporting on this and much more because there
• 18:08
  Speaker 1: is a lot happening with Clarity just around the corner hopefully.
• 18:12
  Speaker 1: Of course, if you're not subscribed to the channel, you
• 18:14
  Speaker 1: should do that right now, and of course also get
• 18:16
  Speaker 1: in on our own private member group. It's very easy,
• 18:19
  Speaker 1: free research insights, all kinds of cool stuff that we
• 18:21
  Speaker 1: do over there. Follow me on X at Paul Baron.
• 18:24
  Speaker 1: We'll catch you next time right here on The Paul
• 18:26
  Speaker 1: Baron Show.