Latest / The Paul Barron Crypto Show / Buying The AVAX Dip!🔥Anthony Scaramucci INTERVIEW🚨Avax One Treasury $AVX

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Buying The AVAX Dip!🔥Anthony Scaramucci INTERVIEW🚨Avax One Treasury $AVX · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today, we're going to do a little bit of a
• 0:01
  Speaker 1: breakdown on Avalanche. As the market is melting down. Avalanche
• 0:05
  Speaker 1: is one of those that's getting hurt the most, but
• 0:07
  Speaker 1: there are some things to be looking into it. Let's
• 0:10
  Speaker 1: just get right into it. I want to go over
• 0:11
  Speaker 1: to a couple of things before we bring on our guest.
• 0:13
  Speaker 2: Today.
• 0:13
  Speaker 1: We'll have Anthony Scaramucci joining us along with Matzang talking
• 0:18
  Speaker 1: about where Avalanche is going. If you look at the
• 0:20
  Speaker 1: current metrics, especially on stable coin market cap continuing to
• 0:25
  Speaker 1: climb right here on Avalanche, and this is one of
• 0:27
  Speaker 1: the things that I think we'll continue to see a
• 0:30
  Speaker 1: big move forward as Avalanche maybe stabilizes number of addresses.
• 0:35
  Speaker 1: You look at the monthly transaction count continuing to climb.
• 0:38
  Speaker 1: This active addresses are stabilizing. So this again good news
• 0:42
  Speaker 1: for Avalanche in general. Not only that, you can also
• 0:45
  Speaker 1: take a look at what's going on in the r
• 0:47
  Speaker 1: Toba market and I'll kind of zoom in on that
• 0:48
  Speaker 1: for you guys. Avalanche still maintains the number three spot
• 0:51
  Speaker 1: on networks on the league table, which is good because
• 0:54
  Speaker 1: it's still showing good sign of growth. Beyond that, you've
• 0:58
  Speaker 1: also got to look at the volume on the yen
• 1:00
  Speaker 1: which has started to shift over from Polygon to Avalanche,
• 1:03
  Speaker 1: which is another intriguing component as we start to see
• 1:07
  Speaker 1: things unwinding in Japan that I think will really start
• 1:10
  Speaker 1: to show maybe where the market could be going very soon.
• 1:14
  Speaker 1: Continuing to show very high staking percentages and of course
• 1:18
  Speaker 1: that being a great performance in general, and I think
• 1:21
  Speaker 1: when you look at that along with transaction fees, when
• 1:25
  Speaker 1: you get out there on coinbase, if you're moving stuff around,
• 1:27
  Speaker 1: Avalanche is still leading the pack in terms of fees,
• 1:30
  Speaker 1: So you would wonder why we're continue to see pressure
• 1:34
  Speaker 1: on the market.
• 1:35
  Speaker 2: Now.
• 1:35
  Speaker 1: Just a big recap of the game awards, which is
• 1:38
  Speaker 1: one of the key things that Avalanche has continued to
• 1:42
  Speaker 1: showcase in terms of strength, and that is their presence
• 1:45
  Speaker 1: in Web three gaming. I want to go to a
• 1:47
  Speaker 1: clip real quick and then we'll bring our guests in
• 1:50
  Speaker 1: and kind of break down where treasures are going.
• 1:52
  Speaker 3: Take a look, and the Wino is mappers to the
• 1:55
  Speaker 3: universe for best Action Game Off.
• 2:00
  Speaker 4: The Grid and the winner is Off.
• 2:04
  Speaker 1: The Grid, and the winner is Off the Grid and
• 2:10
  Speaker 1: the winner is Off the Grid.
• 2:14
  Speaker 4: Four awards in one day, and I'm honored to announce
• 2:19
  Speaker 4: the Best Game Award and the winner is hang On
• 2:25
  Speaker 4: Off the Grid. The people have spoken.
• 2:29
  Speaker 1: All right, so pretty much a slam dunk, you know
• 2:31
  Speaker 1: when you look at gaming in general, so you wonder
• 2:34
  Speaker 1: what other things could be very bullish for Avalanche. Well,
• 2:38
  Speaker 1: I wanted to bring on both Anthony and Matt to
• 2:41
  Speaker 1: kind of talk about that. So welcome into the show, guys.
• 2:43
  Speaker 2: How are you good to be on pull?
• 2:45
  Speaker 3: Great?
• 2:46
  Speaker 1: Excellent, Great to see you guys, and of course a
• 2:48
  Speaker 1: lot of this when you look at Avalanche right now.
• 2:51
  Speaker 1: We'll start with you, Anthony, many people would consider this
• 2:54
  Speaker 1: a very underrated chain right now, kind of give me
• 2:57
  Speaker 1: your reasoning of why Skybridge is so bullish on AVAX.
• 3:02
  Speaker 5: Well, first of all, I enjoyed your preamble and your commentary,
• 3:06
  Speaker 5: but I think the one thing I just want to
• 3:07
  Speaker 5: emphasize with each everybody, we've had a tsunami hit the
• 3:11
  Speaker 5: markets from October tenth, and so it's blown everything up, Bitcoin,
• 3:17
  Speaker 5: drag down Salona, Avalanche. You pick the name, and so
• 3:21
  Speaker 5: the real question before you, and I'll turn it over
• 3:23
  Speaker 5: to Matt in a second, is does Avalanche have good fundamentals?
• 3:27
  Speaker 2: You just represented that to everybody.
• 3:29
  Speaker 5: Secondarily, is Avalanche being adopted by institutions. Can I go
• 3:33
  Speaker 5: to the Fortune fifty and when they're thinking about tokenizing things,
• 3:37
  Speaker 5: putting their finances on chain, or putting their stock or
• 3:41
  Speaker 5: bond capital structure on chain, are they thinking about using
• 3:45
  Speaker 5: an avalanche And the answer is yes. And then secondarily,
• 3:49
  Speaker 5: which is something Mad is more of an expert on
• 3:51
  Speaker 5: in me, are these subnets?
• 3:54
  Speaker 3: You know?
• 3:54
  Speaker 5: You're able to customize things on Avalanche that you can't
• 3:57
  Speaker 5: do in other places. I'm an old fogie in the industry, Okay,
• 4:02
  Speaker 5: so when I look at my peer group that is
• 4:04
  Speaker 5: in their late fifties, mid sixties, what are they going
• 4:10
  Speaker 5: to adopt. They're going to want to adopt things that
• 4:12
  Speaker 5: can customize more than generic things. And this is why
• 4:16
  Speaker 5: Avalanche is going to be a big part of the
• 4:17
  Speaker 5: future story. So I'm wildly bullish on avalanche. This is
• 4:22
  Speaker 5: a garden variety like correction born from perhaps excess leverage
• 4:27
  Speaker 5: or maybe a market maker getting taken out. And I
• 4:30
  Speaker 5: think the trajectory is still going in our direction, so
• 4:34
  Speaker 5: it's it's good opportunity to buy well.
• 4:36
  Speaker 1: I think that's the point is when you see these
• 4:38
  Speaker 1: kind of pullbacks, many people try to either if you're
• 4:41
  Speaker 1: a very bearish or you're maybe very bullish on a project.
• 4:45
  Speaker 1: These are the times when you're looking into it, especially
• 4:48
  Speaker 1: around the idea, around principles, and also just the fundamentals
• 4:51
  Speaker 1: of it. Matt, when you look at what you guys
• 4:53
  Speaker 1: are doing from a treasury standpoint, especially on a strategy
• 4:57
  Speaker 1: side of things, kind of give us a rundown of
• 4:59
  Speaker 1: what you guys are doing differently than others out there.
• 5:02
  Speaker 6: Right now, we'd love to paf so I agree everything
• 5:05
  Speaker 6: Anthony just mentioned.
• 5:07
  Speaker 3: You know, at HiveMind, you know we also.
• 5:10
  Speaker 6: Have decades of Tientify experience, so when we're approaching blockchain
• 5:14
  Speaker 6: and crypto, we're always taking a fundamental type of approach.
• 5:17
  Speaker 3: For example, this year.
• 5:18
  Speaker 6: Everybody talking about that, you know, as our team, we
• 5:21
  Speaker 6: look at more than one hundred thatch companies. We invested
• 5:24
  Speaker 6: more than a dozen, but one actually coming to sponsor
• 5:27
  Speaker 6: leading one would be very careful.
• 5:30
  Speaker 3: I mean, we.
• 5:30
  Speaker 6: Actually had four or five different foundations approached us early
• 5:34
  Speaker 6: this year having us to lead structure of that for them.
• 5:37
  Speaker 3: We actually turned every single of them down. But in
• 5:40
  Speaker 3: the summer one Avalanche team.
• 5:42
  Speaker 6: Sort of like reached out to us. We knew we
• 5:44
  Speaker 6: want to do this wisdom because we know the team
• 5:47
  Speaker 6: for years, just like Anthony, and we think that their
• 5:52
  Speaker 6: change is really actually doing what blockchain is supposed to do,
• 5:55
  Speaker 6: is adding the real ward utilities with the right design,
• 5:58
  Speaker 6: the subt net features to give financial services industries, the
• 6:02
  Speaker 6: giving industries actually.
• 6:03
  Speaker 3: A way to access Web three in a scalable and
• 6:07
  Speaker 3: a compliant way.
• 6:08
  Speaker 6: So very quickly I decided to work with Avalanche Foundation.
• 6:12
  Speaker 6: I caught up Anthony. Anthony is very excited by joining
• 6:15
  Speaker 6: the program. That's the bard of AVX one, if not
• 6:18
  Speaker 6: that company kick her ABX. And the goal is it's simple,
• 6:23
  Speaker 6: there's two layers to it, like you mentioned, and you
• 6:25
  Speaker 6: know very well like many other that companies there, we
• 6:29
  Speaker 6: want to go and accumulating ABX tokens and accumulating that
• 6:34
  Speaker 6: for our shareholders on a per share basis. But we're
• 6:37
  Speaker 6: not going to just do that. You know, I think
• 6:39
  Speaker 6: that differentiating us from many other deaths is we need
• 6:43
  Speaker 6: a soul for that. So like what actually we want
• 6:45
  Speaker 6: to do? What is the operating business model that differentiating
• 6:48
  Speaker 6: us and making our that model future proof? And we
• 6:52
  Speaker 6: believe that actually using the vehicle to actually building an
• 6:56
  Speaker 6: unchained financial economy is what we actually really here excited about.
• 7:00
  Speaker 3: So the goal is on one.
• 7:02
  Speaker 6: Side, opportunely deploying capitals, cumulating admas tokens in a smart
• 7:06
  Speaker 6: and scalable way. On the other side is actually with
• 7:10
  Speaker 6: our shareholders approvals and supports, which we've got going there
• 7:13
  Speaker 6: and looking for bab too. Fintech companies. Let them be
• 7:17
  Speaker 6: remintenance companies, payment companies, origional banks and insurance companies that
• 7:21
  Speaker 6: are trading at a very reasonable undervalued at a multiple bases.
• 7:26
  Speaker 3: Selectively invest, roll.
• 7:28
  Speaker 6: Them up, acquire them that give us the cash flow,
• 7:31
  Speaker 6: give us the real profit that actually our company will
• 7:34
  Speaker 6: be valued at enterprise value beyond simply book value. Allow
• 7:39
  Speaker 6: us actually to build what blockchain enable us to do.
• 7:42
  Speaker 6: Bring them to the avalanche system, supporting the tokens, supporting ecosystems.
• 7:47
  Speaker 3: That's what we're trying to do here.
• 7:48
  Speaker 1: Well, okay, so a couple of points here. I want
• 7:50
  Speaker 1: to jump back to you, Anthony, and you know you
• 7:53
  Speaker 1: come from og wall Street. You look at what Wall
• 7:57
  Speaker 1: Street is doing right now, which is pretty much all
• 7:59
  Speaker 1: in on to organized and real world assets. Whether it's Larry,
• 8:03
  Speaker 1: whether you look at what's happening with Tom Lee. You
• 8:06
  Speaker 1: see everyone in the market pretty much pointing in the
• 8:08
  Speaker 1: same direction. Do you feel that the DAT is the
• 8:13
  Speaker 1: digital asset treasuries now are being looked at as a
• 8:16
  Speaker 1: potential unwind.
• 8:17
  Speaker 5: Well, I think that some of the you don't want
• 8:22
  Speaker 5: the baby getting thrown out with the bathwater. So yes,
• 8:24
  Speaker 5: some of these dats I think one or two of
• 8:26
  Speaker 5: them are down ninety six percent. Some of these dats
• 8:29
  Speaker 5: were not properly designed in the beginning, pall. And so
• 8:33
  Speaker 5: now you're you know, you know, as the tide goes out,
• 8:35
  Speaker 5: you're seeing who's swimming half naked, but you know you're
• 8:38
  Speaker 5: you're actually talking to two trade five people. You know,
• 8:41
  Speaker 5: Matt was at City Bank, you know, and he he
• 8:44
  Speaker 5: ran different businesses for them before he migrated into the crypto.
• 8:48
  Speaker 2: Portion of their business.
• 8:49
  Speaker 5: And what I would say to you is that you've
• 8:51
  Speaker 5: got people in this business that are looking at a
• 8:55
  Speaker 5: way to tangibly take the operating income that's going to
• 8:59
  Speaker 5: come from the toe and deploy it into a creative
• 9:02
  Speaker 5: assets and so and those are creative assets will also
• 9:05
  Speaker 5: yield positive and potentially exponential earnings growth. So if you're
• 9:10
  Speaker 5: with us and you take a look at this as
• 9:12
  Speaker 5: an equity, which to me is at least a two
• 9:14
  Speaker 5: to five year story, you're going to be dramatically benefited
• 9:18
  Speaker 5: from that. And if you buy it now at this level,
• 9:21
  Speaker 5: you'ld be dramatically benefited. And it just quickly, you know,
• 9:24
  Speaker 5: coinbase went public and then we'll look at meh went
• 9:27
  Speaker 5: right down. Okay, I think it was started out of
• 9:29
  Speaker 5: four hundred.
• 9:30
  Speaker 2: It went to eighty. It's now back to four hundred.
• 9:33
  Speaker 5: If you were brave enough to be buying it when
• 9:35
  Speaker 5: everybody was nay saying it, look at the fundamentals of
• 9:39
  Speaker 5: that story and look at what's happened there over the
• 9:41
  Speaker 5: last four years. So this bear market that we're experiencing,
• 9:45
  Speaker 5: which I love about these bear markets are always unexpected.
• 9:48
  Speaker 5: This unexpected bear market that we're experiencing is a wonderful
• 9:52
  Speaker 5: opportunity if you believe in the long term fundamentals of
• 9:55
  Speaker 5: something like avax one.
• 9:57
  Speaker 1: Yeah, well, I think that's the thing. And Matt to
• 10:00
  Speaker 1: to your credit. I think what you guys have done
• 10:03
  Speaker 1: from a strategy standpoint is really step beyond the idea
• 10:06
  Speaker 1: of just holding the asset, the core asset. This is
• 10:09
  Speaker 1: something that we understand as investors who have been in
• 10:13
  Speaker 1: digital assets, and we understand the technology. Is this a
• 10:16
  Speaker 1: hard sell to an investor who maybe doesn't know this
• 10:19
  Speaker 1: right now?
• 10:20
  Speaker 2: How do you get it out?
• 10:21
  Speaker 3: There's a great question.
• 10:23
  Speaker 6: I want to approach this and also answer some of
• 10:25
  Speaker 6: your questions earlier in a different way. I would say
• 10:29
  Speaker 6: all of us three remember dot Com bubble, every Google
• 10:32
  Speaker 6: born from that bubble.
• 10:34
  Speaker 3: You had a thousand companies. Internet company didn't make.
• 10:36
  Speaker 6: It right now, looking back, you're absolutely going to say
• 10:40
  Speaker 6: that's a bubble, But that didn't mean Internet has no utility.
• 10:44
  Speaker 6: To the contrary, we went on for a twenty five
• 10:46
  Speaker 6: year amazing Internet era.
• 10:48
  Speaker 3: I'm going to say the same thing here.
• 10:50
  Speaker 6: I don't think that's going to unwind, but I think
• 10:52
  Speaker 6: that absolutely to evolve. For every single successful that company
• 10:56
  Speaker 6: is going to evolve from here, you're going to have
• 10:58
  Speaker 6: one hundred that company probably fail because they were never
• 11:01
  Speaker 6: supposed to build a lot of last things sustainable business.
• 11:04
  Speaker 6: By the way, Paul, as you know is earning season,
• 11:07
  Speaker 6: there's a lot of ten ks, ten Q eight k
• 11:09
  Speaker 6: is out there, which means as all of those getting revealed,
• 11:13
  Speaker 6: you're going to have a lot of shocking details people
• 11:16
  Speaker 6: going to find in them that are not supposed to
• 11:18
  Speaker 6: be in.
• 11:18
  Speaker 3: Them because you have people who doesn't have.
• 11:20
  Speaker 6: The tradify experience trying to run a public company, barely
• 11:23
  Speaker 6: understand how to run an earning call.
• 11:25
  Speaker 3: You ask me, I think none of those that's.
• 11:27
  Speaker 6: Really exists in the first place because they never have
• 11:29
  Speaker 6: the right thoughts to do that. IX one, Anthony and
• 11:33
  Speaker 6: I and our leadership team. I don't know whether you
• 11:35
  Speaker 6: know this, pop let me share this with your audience.
• 11:37
  Speaker 6: We're one of the field. We don't know, only one
• 11:39
  Speaker 6: actually one for full shareholder vote to do this. Many
• 11:43
  Speaker 6: that companies out there, they didn't get one they may
• 11:46
  Speaker 6: or may not need. But when we're facing questions like this,
• 11:49
  Speaker 6: we said we want to do things in a slower
• 11:51
  Speaker 6: way because we want to do in the right way.
• 11:53
  Speaker 6: If you think that one month's delay we're so meaningful
• 11:56
  Speaker 6: or you are varying shareholder is not going to prove
• 11:58
  Speaker 6: your dad, you really should think about whether you should
• 12:01
  Speaker 6: do this in.
• 12:01
  Speaker 3: The first place.
• 12:02
  Speaker 6: Right.
• 12:02
  Speaker 3: So, yeah, I think.
• 12:03
  Speaker 6: That that market as today the way it is, it's
• 12:06
  Speaker 6: not sustainable. People need to evolve. We're very excited about
• 12:09
  Speaker 6: the way we're building it. And here comes back to
• 12:11
  Speaker 6: your second question, which is how we're going to tell
• 12:14
  Speaker 6: the storage traditional investor.
• 12:15
  Speaker 3: Would they understand it?
• 12:17
  Speaker 6: Well, the point here is actually not to say we're
• 12:20
  Speaker 6: Avalanche that. The here point is to say, are you
• 12:23
  Speaker 6: excited investing in a company that's going to build the
• 12:26
  Speaker 6: future of unchain financial economy. It just happens the underlying
• 12:31
  Speaker 6: technology we're going to utilize building it is the best
• 12:34
  Speaker 6: one in town, which is Avalanche Network. So this is
• 12:38
  Speaker 6: the vision we're doing. It's powered by the Avalanche Network ecosystem.
• 12:43
  Speaker 6: Not to say we're going to find a change just
• 12:44
  Speaker 6: cumulating tokens and then trying to figure out what to
• 12:47
  Speaker 6: do with it.
• 12:47
  Speaker 3: I think that flip logic is really really meaningful for us.
• 12:51
  Speaker 1: Let me get your temperature Anthony wall Street today, Where
• 12:55
  Speaker 1: would you put this on a one to ten scale
• 12:58
  Speaker 1: of pro blockchain or are they starting to question just
• 13:01
  Speaker 1: because of what we're seeing happen over the last month.
• 13:05
  Speaker 2: Well, I mean listen the last month.
• 13:07
  Speaker 5: If you were a crypto bear or you miss bitcoin
• 13:10
  Speaker 5: and you hate on bitcoin, this is fantastic. You know,
• 13:13
  Speaker 5: the haters will creep out of the woodwork and start
• 13:17
  Speaker 5: to land basing people on Twitter. But for me, I
• 13:21
  Speaker 5: think generally Wall Street is moving in the right direction.
• 13:24
  Speaker 5: Just go to Larry Fink and what's going on there
• 13:26
  Speaker 5: at black Rock, or look at what's going on Fidelity.
• 13:29
  Speaker 5: Even van Eka looks like now is going to come
• 13:31
  Speaker 5: into the fray for bitcoin. So you know, and what
• 13:35
  Speaker 5: we left out, which I think Matt would agree with me,
• 13:38
  Speaker 5: there's OG bitcoin sellers that have entered the marketplace. Millions
• 13:42
  Speaker 5: of dollars have been flooded into the marketplace by OG sellers.
• 13:46
  Speaker 5: And so I'm going to use a trade fi analogy here.
• 13:49
  Speaker 5: Those are sort of like venture capitalists that are long
• 13:51
  Speaker 5: term holders of an IPO and they've decided now that
• 13:54
  Speaker 5: this is the right time to sell that. Typically, if
• 13:57
  Speaker 5: it's a good fundamental story, that recirculation of supply is
• 14:02
  Speaker 5: a great building block to build off of. In fact,
• 14:05
  Speaker 5: having more decentralized supply is a better thing for long
• 14:09
  Speaker 5: term asset prices. So I think haters are hating, no question,
• 14:14
  Speaker 5: but generally Wall Street is moving in the right direction.
• 14:17
  Speaker 1: Do you think that we're in a position right now,
• 14:20
  Speaker 1: especially from a regulatory side of things. You think about
• 14:22
  Speaker 1: what Elon was trying to do with his effort around doge.
• 14:27
  Speaker 1: He was exploring blockchain usage in US government in general. Avalanche,
• 14:33
  Speaker 1: of course, has been one of the critical chains out
• 14:35
  Speaker 1: there that have been able to do this actually get
• 14:37
  Speaker 1: it done. Do you think that is maybe a bigger
• 14:42
  Speaker 1: selling point going forward, that the infrastructure play for AVAX
• 14:45
  Speaker 1: is untold right now?
• 14:47
  Speaker 2: Yes, but remember I'm a realist. Okay.
• 14:50
  Speaker 5: We have a lot of older people in the government, Okay.
• 14:52
  Speaker 5: And so Donald Trump is closing on eighty, Joe Biden
• 14:55
  Speaker 5: Behorn closing it on eighty two, Nancy Pelosi finally leaving
• 14:59
  Speaker 5: at a eighty five. I guess Chruck Chuck Grassley is
• 15:02
  Speaker 5: going to be in the center for.
• 15:03
  Speaker 2: Another five hundred years.
• 15:05
  Speaker 5: I would tell your children to be nice to the
• 15:07
  Speaker 5: world because they're leaving it to Chuck Grassley.
• 15:09
  Speaker 2: And so my.
• 15:10
  Speaker 5: Point is is these older people phase out and a
• 15:14
  Speaker 5: younger group of people enter the government.
• 15:16
  Speaker 2: Guess what they're going to do. They're going to do
• 15:18
  Speaker 2: what Elon Musk said to do.
• 15:19
  Speaker 5: We're going to put this stuff on the fully transparent,
• 15:22
  Speaker 5: fully distributed blockchain, and Avalanche is going to be one
• 15:26
  Speaker 5: of those because of the customization capabilities of Avalanche.
• 15:30
  Speaker 2: No doubt.
• 15:31
  Speaker 1: Well, here was Emmon kind of hitting on this USKED
• 15:34
  Speaker 1: Commerce Department distributing GDP data on chain that was back
• 15:37
  Speaker 1: in August, I think when you put this out so
• 15:40
  Speaker 1: a pretty big deal going forward. I want to kind
• 15:42
  Speaker 1: of backtrack just a second here around yield bearing assets
• 15:46
  Speaker 1: and especially what's been going on with dats, because now
• 15:49
  Speaker 1: we're seeing some dats that are starting to activate yield
• 15:52
  Speaker 1: strategies if you look. Of course, i'm just in general
• 15:55
  Speaker 1: looking at what's going on on YILDIAC, but there's a
• 15:58
  Speaker 1: lot of opportunities here in terms of pretty significant yields.
• 16:02
  Speaker 1: What are you guys going to use MATT for yield generation?
• 16:07
  Speaker 3: And we need to take a balanced approach.
• 16:09
  Speaker 6: On one side, you know, yields are great, especially if
• 16:13
  Speaker 6: you can supporting avalanche ecosystem companies, and there's many talented
• 16:17
  Speaker 6: teams and people are building an avalanche ecosystem. On the
• 16:20
  Speaker 6: other side, typically there's risk associated with a higher yield. Right,
• 16:24
  Speaker 6: So we as one of the will be one of
• 16:27
  Speaker 6: the largest holders.
• 16:28
  Speaker 3: Of avalanche tokens. Our job is storeship that token treasury.
• 16:33
  Speaker 6: So we were obviously participating in native stacking, because native
• 16:37
  Speaker 6: staking means.
• 16:37
  Speaker 3: More than just getting yield.
• 16:39
  Speaker 6: It's about participating in the community decisions, supporting decivilizations which
• 16:43
  Speaker 6: beyond economic reasons.
• 16:45
  Speaker 3: So we're going to be very active there.
• 16:46
  Speaker 6: Beyond that, we always want to have part of the
• 16:50
  Speaker 6: treasuries that seeking yields that away from native staking and
• 16:55
  Speaker 6: getting higher yields. But I want to double down here
• 16:57
  Speaker 6: is like whatever we do that needs to be on
• 16:59
  Speaker 6: a risk adjusted business. But I think it's great to
• 17:02
  Speaker 6: see the ecosystem, the DeFi communities so prosperedus and there's
• 17:06
  Speaker 6: a lot of activities going on there and our team
• 17:09
  Speaker 6: has been engaging with many founders and we're looking for
• 17:11
  Speaker 6: different ways so sort of maximizing the am NAV and
• 17:15
  Speaker 6: the yields or tradery.
• 17:16
  Speaker 1: Yeah, Anthony, I'm sure you saw Tom Lee's interview was
• 17:20
  Speaker 1: I think it was CNBC. Yeah, Yeah, he kind of
• 17:25
  Speaker 1: got cornered into a position of trying to explain what
• 17:28
  Speaker 1: was happening with these market makers. He kind of regaled
• 17:32
  Speaker 1: around the idea of a glitch and do you think
• 17:35
  Speaker 1: he handled that right? I mean, we are arguing that
• 17:38
  Speaker 1: internally here as to whether or not that was the
• 17:40
  Speaker 1: right way to approach it, especially with b M and
• 17:42
  Speaker 1: R as one of the biggest dats out there.
• 17:46
  Speaker 5: Right, I think he's pretty honest. I mean I watched
• 17:49
  Speaker 5: the interview twice. Now I think he's trying to tell
• 17:51
  Speaker 5: you that. Match said it before we went live here.
• 17:55
  Speaker 5: We were in the green room, Matt and I. Matt said,
• 17:57
  Speaker 5: somebody got burned very badly to or tenth and eleventh.
• 18:01
  Speaker 5: They're probably tied to trade five, so they haven't fully exploded,
• 18:07
  Speaker 5: but they're in the process of dumping and liquidating inventory
• 18:10
  Speaker 5: and trying to deleverage themselves. And this happened during the
• 18:15
  Speaker 5: FDx debacle. It happened late in twenty twenty one when
• 18:19
  Speaker 5: it looked like we weren't going to get the crypto
• 18:22
  Speaker 5: cash ETF after the Future's ETF, and so I think
• 18:26
  Speaker 5: he got a little tongue tied. But he was trying
• 18:28
  Speaker 5: to explain to people that there's an operational thing that's
• 18:32
  Speaker 5: going on right now. It's going to take a few
• 18:34
  Speaker 5: weeks to get itself out of the marketplace. Now, he said,
• 18:38
  Speaker 5: eight weeks. We're into week six. I would interested to
• 18:40
  Speaker 5: see what Matt says. I think we're getting to the end.
• 18:43
  Speaker 5: I think the bottom off that eighty one number. If
• 18:47
  Speaker 5: this holds for the next week, I think eighty one
• 18:49
  Speaker 5: could be the interim bear market low. Possibly, you know.
• 18:53
  Speaker 2: Maybe that'll be the low. But I'll just leave you
• 18:56
  Speaker 2: with this thought, Paul, But buying is there.
• 18:58
  Speaker 5: You know, you talk to Robbie Mitcheck at black Rock,
• 19:00
  Speaker 5: you talk to other guys that are selling ets eleven
• 19:03
  Speaker 5: or twelve ets.
• 19:04
  Speaker 2: That are out there.
• 19:05
  Speaker 5: The volume is there, and so oh, ETFs liquidat Sure,
• 19:09
  Speaker 5: they go through spasms liquidation, but on a net basis,
• 19:12
  Speaker 5: the ETFs are buying and that will push the price
• 19:16
  Speaker 5: a bit coin up over the next three to six months.
• 19:18
  Speaker 5: Just we like calendar year endings to be great. This
• 19:22
  Speaker 5: calendar year ending probably won't be great, but I like
• 19:25
  Speaker 5: the next twenty four months.
• 19:26
  Speaker 1: Listen, We're definitely going to get both of you back
• 19:28
  Speaker 1: on the show because there's so much more I think
• 19:30
  Speaker 1: we need to unwrap here. Maybe after this market stabilizes
• 19:33
  Speaker 1: a little bit. We'd love to have you back because
• 19:35
  Speaker 1: there's I think what you're doing from a strategy standpoint
• 19:38
  Speaker 1: one super interesting and also very important I think for
• 19:42
  Speaker 1: at least the Avalanche ecosystem. So Anthony, Matt, thanks for
• 19:45
  Speaker 1: coming in today. We appreciate it.
• 19:46
  Speaker 2: Thank that great to be on. Good to see Matt. Paul.
• 19:50
  Speaker 1: All right, you guys, all right, you guys, you guys
• 19:53
  Speaker 1: know what to do if you're not already doing it,
• 19:55
  Speaker 1: make sure and jump in on our private group. We
• 19:57
  Speaker 1: always leave a link down below. You can join down
• 19:59
  Speaker 1: there for free, and of course follow me out there
• 20:01
  Speaker 1: on x at Paul Baron. We'll catch you next time
• 20:04
  Speaker 1: right here on The Paul Baron Show