1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:45,920 Speaker 1: National Association Member FDIC erness What's Up? You ever walk 13 00:00:45,920 --> 00:00:49,000 Speaker 1: into a small business and everything just works like the 14 00:00:49,080 --> 00:00:53,200 Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze, 15 00:00:53,479 --> 00:00:55,640 Speaker 1: and you're out the door before the line even builds. 16 00:00:55,960 --> 00:01:00,240 Speaker 1: Odds are they're using Square? We love supporting business that 17 00:01:00,320 --> 00:01:02,959 Speaker 1: run on Square because it just feels seamless. 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If 22 00:01:16,640 --> 00:01:19,480 Speaker 1: you're a business owner or even just thinking about launching 23 00:01:19,520 --> 00:01:22,520 Speaker 1: something soon, Square is hands down one of the best 24 00:01:22,520 --> 00:01:25,680 Speaker 1: tools out there to help you start, run and grow. 25 00:01:25,959 --> 00:01:28,959 Speaker 1: It's not just about payments, it's about giving you time 26 00:01:29,080 --> 00:01:32,000 Speaker 1: back so you can focus on what matters most ready. 27 00:01:32,040 --> 00:01:35,399 Speaker 1: To see how Square can transform your business, visit Square 28 00:01:35,480 --> 00:01:40,000 Speaker 1: dot com, backslash, go backslash eyl to learn more that 29 00:01:40,200 --> 00:01:45,640 Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 30 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 31 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 32 00:01:51,800 --> 00:01:55,520 Speaker 2: So no, thispresitation is called institutional money and Crypto. For 33 00:01:55,560 --> 00:01:58,840 Speaker 2: those of you who are watching on YouTube, feel free 34 00:01:58,960 --> 00:02:02,720 Speaker 2: screenshot these documents because if you screenshot any document you 35 00:02:02,720 --> 00:02:06,080 Speaker 2: find on social media, on any website or anything, you 36 00:02:06,080 --> 00:02:08,000 Speaker 2: can screenshot at copy and paste, put. 37 00:02:07,880 --> 00:02:09,519 Speaker 3: It into Google and the document comes up. 38 00:02:09,760 --> 00:02:11,840 Speaker 2: So if you're watching on YouTube, you can easily find 39 00:02:11,880 --> 00:02:14,240 Speaker 2: all the documents that I'm going to share today. Some 40 00:02:14,280 --> 00:02:16,800 Speaker 2: of the documents that we have are from Swift, are 41 00:02:16,800 --> 00:02:19,919 Speaker 2: from the World Economic Forum, City Bank, State Street, just 42 00:02:19,960 --> 00:02:24,280 Speaker 2: to name a few, and they cover plethoria, different topics. 43 00:02:24,400 --> 00:02:26,760 Speaker 2: If you're listening with your headphones, are on your way 44 00:02:26,800 --> 00:02:29,200 Speaker 2: to work now, feel free to go back and watch 45 00:02:29,280 --> 00:02:32,000 Speaker 2: this because I think that everyone needs to have these 46 00:02:32,000 --> 00:02:35,080 Speaker 2: documents that we have. As we mentioned earlier, I have 47 00:02:35,160 --> 00:02:39,080 Speaker 2: roughly twelve thousand documents, give or take, and having to 48 00:02:39,240 --> 00:02:41,760 Speaker 2: concise it down and break it down to thirteen documents 49 00:02:41,800 --> 00:02:44,520 Speaker 2: was very, very difficult. But I think that these thirteen 50 00:02:44,560 --> 00:02:48,120 Speaker 2: documents embody where we are right now in history. So 51 00:02:48,240 --> 00:02:52,040 Speaker 2: let's get started. This document goes to say that all 52 00:02:52,080 --> 00:02:55,520 Speaker 2: coins have largely floundered under four factor drag. Token creation 53 00:02:55,600 --> 00:02:58,440 Speaker 2: exploded from roughly twelve thousand tokens in twenty seventeen to 54 00:02:58,480 --> 00:03:01,359 Speaker 2: one million in twenty twenty one, and not almost forty 55 00:03:01,400 --> 00:03:04,959 Speaker 2: million today with equidity comparable to pass cycles capital stretch 56 00:03:05,000 --> 00:03:07,400 Speaker 2: to raise it thin. This creates an environment with capital 57 00:03:07,480 --> 00:03:11,120 Speaker 2: rotation occurs that break neck pace, spawning a penny stock 58 00:03:11,160 --> 00:03:15,120 Speaker 2: boom that undermines long term invest engagement and sustainable wealth creation. 59 00:03:15,680 --> 00:03:16,560 Speaker 3: So what does this mean? 60 00:03:17,040 --> 00:03:19,840 Speaker 2: And back in twenty seventeen and even twenty twenty one, 61 00:03:20,080 --> 00:03:22,280 Speaker 2: you were able to throw money at any random token 62 00:03:22,440 --> 00:03:25,400 Speaker 2: and potentially make life change in wealth, and that if 63 00:03:25,400 --> 00:03:27,680 Speaker 2: that's any of you guys today, congratulations, I'm proud of you. 64 00:03:27,960 --> 00:03:30,840 Speaker 2: But the environment will now entering. There's too many tokens 65 00:03:30,919 --> 00:03:33,959 Speaker 2: to make all bills rise. And the way that institutions work, 66 00:03:34,000 --> 00:03:37,160 Speaker 2: because as we know, this week as of recording is 67 00:03:37,200 --> 00:03:40,160 Speaker 2: crypto week and I'm fuller expecting the legislations get passed 68 00:03:40,160 --> 00:03:43,120 Speaker 2: and we'll talk about that shortly. But with institutions coming 69 00:03:43,160 --> 00:03:46,040 Speaker 2: to the space, institutions don't adopt stuff for fun. They 70 00:03:46,120 --> 00:03:49,520 Speaker 2: adopt things because it's more efficient, it's faster, and it's cheaper. 71 00:03:49,880 --> 00:03:52,160 Speaker 2: So they're only going to put capital into the tokens 72 00:03:52,160 --> 00:03:54,680 Speaker 2: that they believe will increase in wealth. And then it 73 00:03:54,680 --> 00:03:56,280 Speaker 2: comes down to a point, how do we know what 74 00:03:56,400 --> 00:03:59,440 Speaker 2: tokens to invest in institutions? How do we know what 75 00:03:59,640 --> 00:04:02,600 Speaker 2: als institutions are putting into the crypto space. Well, they 76 00:04:02,640 --> 00:04:06,440 Speaker 2: actively tell us and they actively document it real quick. 77 00:04:06,800 --> 00:04:09,480 Speaker 1: So for the person that's just listened to aver listener, 78 00:04:10,240 --> 00:04:14,040 Speaker 1: they hit tokens, there's the word coins just quickly just 79 00:04:14,040 --> 00:04:16,159 Speaker 1: give them the difference between coins and tokens. 80 00:04:16,680 --> 00:04:19,200 Speaker 2: So essentially, the easiest way to break it down is 81 00:04:19,240 --> 00:04:25,000 Speaker 2: that it's the same thing. Imagine XRP or bitcoin imagine 82 00:04:25,040 --> 00:04:26,719 Speaker 2: not just being the same thing as the Apple Stock, 83 00:04:26,839 --> 00:04:29,160 Speaker 2: except now we can build on top of those platforms 84 00:04:29,200 --> 00:04:32,960 Speaker 2: and create an entire ecosystem, and then how each ecosystem 85 00:04:33,040 --> 00:04:35,640 Speaker 2: works is I don't think we can even imagine it. 86 00:04:35,880 --> 00:04:37,520 Speaker 2: The way I like to compare it to is when 87 00:04:37,520 --> 00:04:39,960 Speaker 2: the Internet first came out or when the iPhone first 88 00:04:40,040 --> 00:04:42,360 Speaker 2: came out. We have our use cases that we think 89 00:04:42,400 --> 00:04:45,400 Speaker 2: are going to be used, institutions actively document how the 90 00:04:45,480 --> 00:04:48,000 Speaker 2: use cases they can't even imagine, and it's going to 91 00:04:48,040 --> 00:04:50,160 Speaker 2: be a frivolous thing for years to come. 92 00:04:51,480 --> 00:04:55,280 Speaker 4: So pretty much what you're saying is that, okay, invest 93 00:04:55,320 --> 00:04:58,920 Speaker 4: in the coins that institutions are investing in, and if 94 00:04:59,000 --> 00:05:01,880 Speaker 4: institutions are not in it, stay clear of it. 95 00:05:02,400 --> 00:05:02,919 Speaker 3: Exactly. 96 00:05:03,400 --> 00:05:05,440 Speaker 2: I think the safest bet as we know is bitcoin, 97 00:05:05,839 --> 00:05:09,039 Speaker 2: mister granddaddy of them all. It encompasses roughly around sixty 98 00:05:09,040 --> 00:05:12,680 Speaker 2: percent of the total market cap from crypto, but it 99 00:05:12,720 --> 00:05:16,320 Speaker 2: goes deeper than bitcoin because businesses have different pain points 100 00:05:16,360 --> 00:05:19,720 Speaker 2: and businesses have different use cases, same with governments, and 101 00:05:20,200 --> 00:05:22,640 Speaker 2: the world will never agree on one blockchain. We can't 102 00:05:22,640 --> 00:05:25,320 Speaker 2: even agree on peace, so how could we ever agree 103 00:05:25,320 --> 00:05:27,920 Speaker 2: on one single blockchain to use and. 104 00:05:28,279 --> 00:05:29,440 Speaker 3: That's where it becomes difficult. 105 00:05:29,440 --> 00:05:33,680 Speaker 2: If there's forty million tokens in the crypto ecosystem and 106 00:05:33,760 --> 00:05:36,600 Speaker 2: more today, that document came out of December of last year, 107 00:05:36,600 --> 00:05:39,880 Speaker 2: I'm pretty sure if there's more today than forty million, 108 00:05:39,920 --> 00:05:41,919 Speaker 2: how do we know what to invest in? So I 109 00:05:42,000 --> 00:05:45,400 Speaker 2: personally focus on institutional documentation because if an institution over 110 00:05:45,440 --> 00:05:48,039 Speaker 2: a billion dollars in assets on the management is investing 111 00:05:48,040 --> 00:05:50,440 Speaker 2: in something and believes in it. And like you guys say, 112 00:05:50,680 --> 00:05:53,680 Speaker 2: with Mike Novagrats, if a billionaire actively comes on it 113 00:05:53,720 --> 00:05:56,240 Speaker 2: says that some institutions are investing in Solana, we have 114 00:05:56,320 --> 00:05:57,440 Speaker 2: to believe them. 115 00:05:58,040 --> 00:06:00,800 Speaker 1: Which institutions should we be paying attention to well, in 116 00:06:00,880 --> 00:06:03,240 Speaker 1: terms of who's investing into the space. 117 00:06:03,440 --> 00:06:04,000 Speaker 3: All of them. 118 00:06:04,400 --> 00:06:07,440 Speaker 2: But the way that I like to break it down 119 00:06:08,040 --> 00:06:11,560 Speaker 2: is I focus a lot of my research on the 120 00:06:11,600 --> 00:06:13,720 Speaker 2: Bank of International Settlements. For those of you guys who 121 00:06:13,760 --> 00:06:15,880 Speaker 2: don't know who that is, that's the Bank of Central Banks. 122 00:06:16,240 --> 00:06:18,680 Speaker 2: I focus my research on the Federal Reserve, the US 123 00:06:18,800 --> 00:06:24,039 Speaker 2: government now SWIFT. Swift essentially handles messaging and transactions for 124 00:06:24,080 --> 00:06:27,880 Speaker 2: eleven thousand banks globally, now, the World Bank, the IMF, 125 00:06:28,400 --> 00:06:31,520 Speaker 2: the European Central Bank. Because if you look and you 126 00:06:31,760 --> 00:06:33,480 Speaker 2: do if you look and you do some research, you 127 00:06:33,520 --> 00:06:37,560 Speaker 2: can easily see what institutions and what governments move the 128 00:06:37,560 --> 00:06:40,240 Speaker 2: most amount of capital, and that's the United States and 129 00:06:40,240 --> 00:06:42,800 Speaker 2: that's Europe. So then we can narrow it down to 130 00:06:42,800 --> 00:06:45,440 Speaker 2: the institutions that are located within the United States and Europe, 131 00:06:45,800 --> 00:06:49,360 Speaker 2: and then breaking it down that way, you'll find documents 132 00:06:49,400 --> 00:06:52,120 Speaker 2: from State Street, You'll find documents from Black Rock, You'll 133 00:06:52,120 --> 00:06:56,120 Speaker 2: find documents from Vanguard and Plethora, going down the list. 134 00:06:57,800 --> 00:06:58,160 Speaker 3: Gotcha. 135 00:07:00,480 --> 00:07:04,720 Speaker 2: So this particular document right here is from ey and Coinbase. 136 00:07:05,160 --> 00:07:07,920 Speaker 2: So before I talk about their survey, their survey interview 137 00:07:08,200 --> 00:07:11,080 Speaker 2: or surveyed now three hundred and fifty two institutional investors. 138 00:07:11,360 --> 00:07:13,320 Speaker 2: And why did I focus on this survey because this 139 00:07:13,480 --> 00:07:15,920 Speaker 2: goes deeper than just finding a document, goes deeper than 140 00:07:15,960 --> 00:07:18,560 Speaker 2: just finding a survey. Who did they actually interview and 141 00:07:18,600 --> 00:07:22,760 Speaker 2: who actually answered these questions? Every single person answered the 142 00:07:22,880 --> 00:07:26,080 Speaker 2: survey has over one hundred and one billion in assets 143 00:07:26,120 --> 00:07:29,480 Speaker 2: on the management and they only survey decision makers, coos, 144 00:07:29,640 --> 00:07:34,080 Speaker 2: CEOs and heads of departments. This ranged from people who 145 00:07:34,280 --> 00:07:37,960 Speaker 2: work in family offices, asset managers, hedge funds, private banks 146 00:07:37,960 --> 00:07:40,160 Speaker 2: and vcs and they go on to tell us that 147 00:07:40,280 --> 00:07:43,400 Speaker 2: seventy three percent of surveyed investors whole crypto currencies beyond 148 00:07:43,400 --> 00:07:46,480 Speaker 2: bitcoin ethereum, but most only hold one to two others 149 00:07:46,720 --> 00:07:49,360 Speaker 2: XRP and Solana. And they go on and tell us 150 00:07:49,360 --> 00:07:53,160 Speaker 2: what percent of institutions hold each token down the list, 151 00:07:53,520 --> 00:07:56,880 Speaker 2: ninety seven percent of institutions whole Bitcoin, eighty six percent 152 00:07:56,960 --> 00:08:02,720 Speaker 2: institutions that were surveyed whole ethereum, three percent of people 153 00:08:02,720 --> 00:08:07,400 Speaker 2: surveyed only hold bitcoin or theory, thirty four percent hold XRP, 154 00:08:07,480 --> 00:08:10,680 Speaker 2: and thirty percent whole Solana. And as you see, there 155 00:08:10,680 --> 00:08:13,320 Speaker 2: are some others, so feel free to screenshot this. This 156 00:08:13,400 --> 00:08:15,520 Speaker 2: is a good guy. Another way, I like the God 157 00:08:15,600 --> 00:08:18,640 Speaker 2: on how I make my investments, or not only this, 158 00:08:19,160 --> 00:08:22,120 Speaker 2: but also what ETF followings are out, what tokens are 159 00:08:22,160 --> 00:08:25,120 Speaker 2: being filed for for ETFs, because once the ETF comes out, 160 00:08:25,120 --> 00:08:28,600 Speaker 2: it's arey too late. But if we know which applications 161 00:08:28,640 --> 00:08:31,840 Speaker 2: are out in the processes that go behind it, it 162 00:08:31,840 --> 00:08:33,920 Speaker 2: makes our life ten times easier and we can be 163 00:08:34,040 --> 00:08:37,600 Speaker 2: invested like an institutional investor. Because for those of you 164 00:08:37,600 --> 00:08:39,600 Speaker 2: guys who are who are in your leisure and who 165 00:08:39,679 --> 00:08:42,280 Speaker 2: have watched the cryptoclass that I teach I appreach all 166 00:08:42,320 --> 00:08:44,600 Speaker 2: the time. We have to follow smart money, not done money, 167 00:08:44,880 --> 00:08:47,880 Speaker 2: and they actively call us in these documents dumb money. 168 00:08:47,920 --> 00:08:50,360 Speaker 2: But just because that they call us something doesn't mean 169 00:08:50,400 --> 00:08:52,160 Speaker 2: we actually have to be that doesn't mean we actually 170 00:08:52,200 --> 00:08:54,000 Speaker 2: have to think like that or invest like that. We 171 00:08:54,040 --> 00:08:57,040 Speaker 2: can invest just like them because they document everything that 172 00:08:57,080 --> 00:08:57,400 Speaker 2: they do. 173 00:09:01,160 --> 00:09:10,440 Speaker 4: So from that standpoint, Bitcoin obviously the first choice ethereum 174 00:09:10,679 --> 00:09:11,320 Speaker 4: is XRP. 175 00:09:11,440 --> 00:09:14,000 Speaker 3: Then Solana or Solona and XRP I. 176 00:09:13,920 --> 00:09:15,880 Speaker 2: Think it's a giver or take just because of use cases. 177 00:09:16,240 --> 00:09:18,599 Speaker 2: They do two completely different things. The best way that 178 00:09:18,640 --> 00:09:23,400 Speaker 2: I like to differentiate between the two is XORP mainly 179 00:09:23,400 --> 00:09:27,360 Speaker 2: handles settlement. It's the settlement vehicle for traditional finance system 180 00:09:27,440 --> 00:09:30,439 Speaker 2: two traditional finance, So it's just a way to send 181 00:09:30,520 --> 00:09:34,719 Speaker 2: money faster between banks. Me personally, I've gone back and 182 00:09:34,840 --> 00:09:37,400 Speaker 2: I've watched all the Market Money's episodes, all the UNU 183 00:09:37,440 --> 00:09:40,400 Speaker 2: Leisure episodes, and Mashad you spoke about it of Plethoria 184 00:09:40,480 --> 00:09:42,680 Speaker 2: times on the true value and use case of. 185 00:09:43,320 --> 00:09:45,080 Speaker 3: XRP, and you hit it right on the head. But 186 00:09:45,160 --> 00:09:46,000 Speaker 3: Solana is for. 187 00:09:47,600 --> 00:09:50,560 Speaker 2: It's basically like a decentralized app store that retail can 188 00:09:50,559 --> 00:09:53,679 Speaker 2: build on top of and Ethereum is essentially an institutional 189 00:09:53,720 --> 00:09:55,880 Speaker 2: app store. They can build on top of the apps 190 00:09:55,920 --> 00:09:57,320 Speaker 2: and the layer twos that will be built on top 191 00:09:57,360 --> 00:10:00,560 Speaker 2: of these platforms. I think that the use cases are 192 00:10:01,160 --> 00:10:03,880 Speaker 2: unknown and unforeseen, and that the whole game is going 193 00:10:03,920 --> 00:10:06,120 Speaker 2: to change in the next twenty years. But if we 194 00:10:06,200 --> 00:10:09,120 Speaker 2: know that institutions and retails are going to be building 195 00:10:09,160 --> 00:10:12,840 Speaker 2: on platforms like Slana, platforms like Ethereum, and the institutions 196 00:10:12,840 --> 00:10:16,160 Speaker 2: will be sending money back and forth on top of XRP, 197 00:10:17,080 --> 00:10:19,320 Speaker 2: I think it's a no brainer investment use case. 198 00:10:19,400 --> 00:10:23,000 Speaker 5: An illegal alien from Guatemala charged with raping a child 199 00:10:23,040 --> 00:10:26,839 Speaker 5: in Massachusetts. 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