February 27, 2025 • 19 mins
With funding for crypto startups increasing in the latter part of 2024, what is the outlook for 2025 and will this resurgence of financing continue? Listen to this session as we discuss further.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
Okay, hi guys, welcome, welcome. I'm Felix Simon and actually
as I'm here with Sarah and Simon, and we are
going to talk about VC investing in the crypto markets, which, uh,
it's an interesting concept because, like the whole point of
(00:25):
crypto is that it obviates the need for old fashioned
structures like venture capital and people coming in and taking
the two and twenty and all the rest of it.
But as we know, there are big VC investors out there,
including Andrewson, Horowitz and stuff who've made billions of dollars
doing this. So I guess let's start with you, Sarah,
(00:48):
explain to me in this whole sort of amazing self
contained world of crypto, why what is the role of VC?
Why why do we need VC at all?
Speaker 2 (01:02):
Yeah, that's a very good and important question because vcs,
as you know, vcs are at the beginning of the
value chain when it comes to investing right earlier than
peace and their higher risks and higher returns. And if
it comes to the crypto industry, you can see us
as enablers and empowers for early stage companies who want
(01:27):
to accelerate. So if it comes for it doesn't matter
if it's sign it with individuals, if it's other funds,
if they seek for expertise, research focused enablers, vcs play
a good role and is a good option to do that.
So because it's not only primary investing into stortups, you
(01:50):
also have secondary investment and also liquid investing. What makes
crypto investing itself very attractive, so you can exit faster.
You have more options as well in terms of investment modes,
and this is also what we're seeing right now in
the industry.
Speaker 1 (02:09):
Yeah, so you're you're almost you're almost like half old
school VC where you're you know, funding founders and building companies,
but also fifty percent like hedge fund manager basically going
in there and trading and buying on the secondary market
and selling on the secondary market. So you're sort of
combining vcs and hedge funds.
Speaker 2 (02:30):
Yeah, if you think about it now, more traditional hedge
funds actually also moving into crypto and they twenty twenty
four they actually stated forty percent returns by investing into crypto,
and if you think about hedge funds typically it's like
ten percent. So there you see like the attractive returns
it brings you.
Speaker 1 (02:50):
Simon, do you do you think of yourself in those
terms as well as being kind of a combination VC
hedge fund manager.
Speaker 3 (02:58):
Oh yeah, a little bit, because the nature of the
crypto is a plur obliquidity. So I believe that one
of the very important lure of the venture capture in
Web three space is an ecosystem connector. So most so
in Web two space, most of the start offs are
(03:19):
starting from the local market. But in crypto, uh, they
go to global from day one. So so not like
web too founder, the website founder should encounter or the
regulation of the its jurisdiction from day one when they
each their token, and they have to have to be
(03:41):
connected with the many of the legioner ecosystem builder of
the website space in each key region from the day one,
and that's.
Speaker 1 (03:50):
What you do, you're like that connective.
Speaker 3 (03:52):
Yeah yeah yeah. And also they have to dealing with
the major exchanges in each key regions and also heavy
networking with the medias or community leaders in each key region.
So it's almost impossible to handle these kinds of all
the u jugglings from day one. So I believe some
(04:14):
of the important lure of the major venture capitu in
the Westry space is guiding them and also helping them
to connect to the right partner or important player with
our network and analysis.
Speaker 1 (04:28):
So let's let's talk about geography here. So I mean
you're based in career.
Speaker 3 (04:34):
But yeah, yeah, I'm based in Korea.
Speaker 1 (04:36):
But you are operating You were running down a list
of countries and regions that was quite busying. Yeah, you're
operating in how many different areas?
Speaker 3 (04:49):
Oh yeah, So our headqure is based in Korea Asura,
and we have all many global offices including San Francisco
and Singapore and Bangkok, UH and UH Bengaloo in India,
and very recently we set of our office in Abu Dhabi.
So each of the office has their own purpose some
(05:09):
of some of the example, our office in San Francisco
is UH for connecting the top tier founder or top
tier developer from the US market. So usually the calling
edge technologists or infrastructure are usually coming from the United States.
So our US office is UH connecting and managing the
(05:31):
relationship with the top tier developer founders. Some of the
example for the office is a uh SO medirist UH
especially in Abu or Dubai, they are setting up the
most regulation crypto regulation friendly environment. So many of the
(05:53):
crypto investor or or founders are migrating to u A
or midirists these days.
Speaker 1 (06:00):
So now I'm told that like the most crypto regulation
friendly environment these days is Washington. Things are changing fast there,
Like do you I mean, Sarah, tell me, like it's
We've had so many years of people like traveling the
world trying to find some small island nation that will
(06:21):
allow us to build and you know, try and do
all of that kind of regulatory arbitrage. Tell me how
much things have changed in the past month, like is
now with the new regime in Washington, likes everyone just
going to naturally gravitate to the US or is there
some reason to be anywhere else.
Speaker 2 (06:42):
There's of course a strong impact since last month, and
also a very positive market of Fouria there as well.
I think it's true like US is booming and it's
also giving a positive impact for the crypto industry and
so on the one hand in terms of regulations bringing
(07:03):
in more regulatory certainty. On the one side, we also have,
of course some yeah, risks we need to be aware of.
As you may know, there was let's say, meme coin
launches also a macroeconomic impact with the tariffs that has
been announced, so there we also have to admit it
also had a negative impact on the industry in terms
of liquidity that we saw on the crypto space. But overall,
(07:26):
besides US, we also should not forget the other area,
so Southeast Asia, Middle East, the emerging markets. There's so
many great narratives if it comes to stable coin tokenization
of real world asset. So also having there a very
positive sentiment of the governments and emerging like Middle East, Africa,
(07:47):
Latin America, So that's that's great to see that it's
overall a very yeah, positive shift.
Speaker 1 (07:55):
Suld I guess we should like settle a little bit
of scene setting here since we're talking about VC investments
in crypto. If you look at the broad the sort
of the chart of global investment in crypto, it really
peaked around twenty twenty one, and it's been sort of
(08:15):
falling every every year since then. What do you make
of that trend? And do you think that that peak
in twenty twenty one was like a weird aberration or
do you think we could go there again?
Speaker 2 (08:32):
So yeah, from my perspective what we saw, it's too
that we fund since we see investing decrease compared to
the years before. So we had a beer cycle, but
we should not forget now we are a special time.
So since the Bitcoin etf were established, we saw high
capital and flow from traditional players like black Rock, Fidelity,
(08:53):
et cetera. So having this institutional push brings more credibility
into the industry. And also this year again also with
you as pushing that narrative with crypto French regulation, with
other governments following that, I think there would be also
very a key enabler, like the traditional institution coming in
(09:16):
into the space.
Speaker 1 (09:17):
Simon, you have two funds, once kind of more public,
once more private. You do you see growth in terms
of like investors wanting to get into the space, Like,
what's your experience been there for the past say three
or four years, and where do you see it going
from here?
Speaker 3 (09:37):
Oh? Yeah, So so crypto is if you see the history,
there was a four year cycer of the crypto. So
usually the crypto cycer right driven by bitcoin harpening event.
So so at that times from the last cycle, the
leader demand of the news as was not that much.
(10:01):
So so bitcoin happening is a kind of myths. So
from the nowadays, the happening effect is almost general because
most of the bitcoin already issued, So I believe that
from the later on there will be a four year
(10:22):
cycle in the crypto anymore. So it will be borrowed,
just like as a tech industry cycler. So there will
be a cycler of course, so even in the tech
industry or digital s industry, there will be a supersycher.
So there'll be a lot of concrete demand from the
institution as well and also from the device side. So
(10:45):
I have to highlight those tabricle in. So the volume
of the tabricoin already surpassed Visia last year. And from
the Korean one Korean one uh the horror horror transaction
volume of the uh uh uh kinds of trading of Korea,
the ten percent of the trading volum of Korea uh
(11:07):
uh executed executed by taber queen already. Wow, yeah, it's
already big fixing.
Speaker 1 (11:14):
And which which table coins in particular is that dominant.
Speaker 3 (11:18):
So actually it's in gray gray area. So some of
the U s d T and U s d C
so to two major stabricoins are the major or one
from the executing the trading activity. But uh, but anyway,
so the tablecuin going up and there'll be a smart
(11:39):
contract platform should be enabling a lot of ecosystems more so.
I one of my expectation is from the after three
to two years ago, three to two years later on
many of the Web two companies were adopt some of
the smart contract platform at least execute some of those
(12:02):
Tabricoin payment So there be some gray area between Web
two and Web three in the future because of those
Tabricoin and many of the reptro startops are combining with
the smart contract and combining with the public main net
(12:23):
with the I.
Speaker 1 (12:24):
Feel like everything you're saying sounds to me like you
know what Mark Zuckerberg was saying when he did that
pivot and he changed his name to Matter and that
lasted about five minutes, and now he's all in on AI.
But you you're still a true believer in like crypto
for payments. Like how it sounds to me like you're
(12:46):
much more into I guess maybe call it the investing
side of things real world as as you know, I'm
gonna I'm gonna be able to buy shares of Intel
by buying you know, wrapped things anywhere in the world.
I can see a certain amount of utility there. The
(13:06):
do you agree with a signment that there's like a
future in payments as well or because I was just
on a payments panel like two hours ago and the
consensus there seem to be not so much.
Speaker 2 (13:21):
If you ask me. Definitely, because for for payment solutions, right,
if you look at stable coins, they're one to one
packed two dollars for instance. Also to in the future
to further currencies, and especially for emerging markets. It empowers
financial inclusion. For instance, you don't need a bank account
if you're in certain African countries to do money transfers.
(13:45):
You only need to have internet, You need to create
a wallet and you can do the transfer. So in
terms of financial financial inclusion, very very important point. And
also reducing remittance costs. Right, we have the largest remittance
cost towards Africa, like it's nine percent yearlyer. This is
(14:05):
billions of remittants costs that can be used for the
economy in those markets. So especially for the emerging market,
this stable coin narrative well remainiah.
Speaker 1 (14:19):
But haven't I mean haven't we had like over a
decade of people trying to solve the remittance thing. I
feel like the remittances use case the crypto was pretty
much the very first use case that anyone imagined that
when you know, Bitcoin was invented in twenty ten, right,
and everyone was like and people started, you know, with
(14:41):
like the early days of like Stellar and all of
this kind of stuff. People like remittance has remittances, and
a bunch of you know, good old fashioned trad fire
companies like wise got started around the same time. And
the trad fi people seem to be able to do
things quicker and cheaper and more legally than the crypto people.
(15:02):
Why if the crypto remittances haven't really taken off in
the past ten to fifteen years, why do you think
that they will take off in the future.
Speaker 2 (15:15):
It's all a matter of regulations again, So this is
where we were ten years ago. It's a different story
where we are now. And I think now with really
different governments again not only in US with SEC, even
with MICA or in the emerging markets, the framework from
the regulators will really set the stage to increase that
(15:38):
use case. So I think now that's what Also regulations
play a bigger role now for the.
Speaker 1 (15:44):
The idea being like that. The African like that the
regulators in Africa are more crypto friendly now than they
were ten years ago. Definitely, definitely, yes, I remember you
agree on that.
Speaker 3 (15:56):
Yeah, So I want to add one more thing. So
even for the limits between the developed country, using sabracle
is a lot easier and faster and cheaper. So when
I send the money to United States or Europe, usually
I use a swift sweet network and it takes a
(16:17):
few days with the high some percentage of the fee.
And also when I buy something from US market using paper,
it usually takes a four percent of the UH combining
or the money tras transmission fee and currency exchanging fee
and extra. But using the tabcle in network, the kinds
(16:41):
of UH or the FeAs combining should be under zero
point five something, so it will be much more convenient
and easier and no need to setter. So we need
to rely on the field of the centralized cum party.
We can't ask to rely on brook tain network for
(17:03):
for the settlement.
Speaker 1 (17:05):
Well, I think this is a beautiful vision for those
of us in America. We can we can build our
export base by accepting stable coins in payment from anyone
in the planet and it will all happen very cheaply.
Uh So just to finish up here, tell me, tell
(17:27):
me what the what, What's what's the best performing country
asset class token? What the thing, what's the thing you're
most bullish about over the next say two years.
Speaker 2 (17:42):
So in terms of sector, real world asset organization has
a very strong shift now again with institutions coming into
the space. For instance, they have been a protot called
Onto Finance. They talk nice the bonds of black Rock.
They're also just a now Slayer one infrastructure platform where
(18:04):
you can issue and issue security. So this is something
I think will take off. So tokenization of financial products
later on, even real estate, so having really fractional ownership
for financial product products, real estate, other tangible that's something yeah, on.
Speaker 1 (18:21):
Those really big in payments as well. How about how
about you, You're you're more into mime coins.
Speaker 3 (18:26):
Yeah, so I'm not a huge fan of mime coin,
but I'm very interested in, uh the combination of the
mime coin with the lear utility or contents. So in
these days, many of the mime coins are having combining
the combined with the AI agent and they are they
(18:49):
have their own images or feature and they launched their
own Twitter.
Speaker 1 (18:54):
Can I love this so much? We get a combination
of social media, AI and meme, coins and crypto all
rolled into one. I feel like this it can only
either explode. It's going to explode one way or the other,
in a way or a bad way. But Simon, Sarah,
this has been fantastic. Thank you so much,
Okay, hi guys, welcome, welcome. I'm Felix Simon and actually
as I'm here with Sarah and Simon, and we are
going to talk about VC investing in the crypto markets, which, uh,
it's an interesting concept because, like the whole point of
(00:25):
crypto is that it obviates the need for old fashioned
structures like venture capital and people coming in and taking
the two and twenty and all the rest of it.
But as we know, there are big VC investors out there,
including Andrewson, Horowitz and stuff who've made billions of dollars
doing this. So I guess let's start with you, Sarah,
(00:48):
explain to me in this whole sort of amazing self
contained world of crypto, why what is the role of VC?
Why why do we need VC at all?
Speaker 2 (01:02):
Yeah, that's a very good and important question because vcs,
as you know, vcs are at the beginning of the
value chain when it comes to investing right earlier than
peace and their higher risks and higher returns. And if
it comes to the crypto industry, you can see us
as enablers and empowers for early stage companies who want
(01:27):
to accelerate. So if it comes for it doesn't matter
if it's sign it with individuals, if it's other funds,
if they seek for expertise, research focused enablers, vcs play
a good role and is a good option to do that.
So because it's not only primary investing into stortups, you
(01:50):
also have secondary investment and also liquid investing. What makes
crypto investing itself very attractive, so you can exit faster.
You have more options as well in terms of investment modes,
and this is also what we're seeing right now in
the industry.
Speaker 1 (02:09):
Yeah, so you're you're almost you're almost like half old
school VC where you're you know, funding founders and building companies,
but also fifty percent like hedge fund manager basically going
in there and trading and buying on the secondary market
and selling on the secondary market. So you're sort of
combining vcs and hedge funds.
Speaker 2 (02:30):
Yeah, if you think about it now, more traditional hedge
funds actually also moving into crypto and they twenty twenty
four they actually stated forty percent returns by investing into crypto,
and if you think about hedge funds typically it's like
ten percent. So there you see like the attractive returns
it brings you.
Speaker 1 (02:50):
Simon, do you do you think of yourself in those
terms as well as being kind of a combination VC
hedge fund manager.
Speaker 3 (02:58):
Oh yeah, a little bit, because the nature of the
crypto is a plur obliquidity. So I believe that one
of the very important lure of the venture capture in
Web three space is an ecosystem connector. So most so
in Web two space, most of the start offs are
(03:19):
starting from the local market. But in crypto, uh, they
go to global from day one. So so not like
web too founder, the website founder should encounter or the
regulation of the its jurisdiction from day one when they
each their token, and they have to have to be
(03:41):
connected with the many of the legioner ecosystem builder of
the website space in each key region from the day one,
and that's.
Speaker 1 (03:50):
What you do, you're like that connective.
Speaker 3 (03:52):
Yeah yeah yeah. And also they have to dealing with
the major exchanges in each key regions and also heavy
networking with the medias or community leaders in each key region.
So it's almost impossible to handle these kinds of all
the u jugglings from day one. So I believe some
(04:14):
of the important lure of the major venture capitu in
the Westry space is guiding them and also helping them
to connect to the right partner or important player with
our network and analysis.
Speaker 1 (04:28):
So let's let's talk about geography here. So I mean
you're based in career.
Speaker 3 (04:34):
But yeah, yeah, I'm based in Korea.
Speaker 1 (04:36):
But you are operating You were running down a list
of countries and regions that was quite busying. Yeah, you're
operating in how many different areas?
Speaker 3 (04:49):
Oh yeah, So our headqure is based in Korea Asura,
and we have all many global offices including San Francisco
and Singapore and Bangkok, UH and UH Bengaloo in India,
and very recently we set of our office in Abu Dhabi.
So each of the office has their own purpose some
(05:09):
of some of the example, our office in San Francisco
is UH for connecting the top tier founder or top
tier developer from the US market. So usually the calling
edge technologists or infrastructure are usually coming from the United States.
So our US office is UH connecting and managing the
(05:31):
relationship with the top tier developer founders. Some of the
example for the office is a uh SO medirist UH
especially in Abu or Dubai, they are setting up the
most regulation crypto regulation friendly environment. So many of the
(05:53):
crypto investor or or founders are migrating to u A
or midirists these days.
Speaker 1 (06:00):
So now I'm told that like the most crypto regulation
friendly environment these days is Washington. Things are changing fast there,
Like do you I mean, Sarah, tell me, like it's
We've had so many years of people like traveling the
world trying to find some small island nation that will
(06:21):
allow us to build and you know, try and do
all of that kind of regulatory arbitrage. Tell me how
much things have changed in the past month, like is
now with the new regime in Washington, likes everyone just
going to naturally gravitate to the US or is there
some reason to be anywhere else.
Speaker 2 (06:42):
There's of course a strong impact since last month, and
also a very positive market of Fouria there as well.
I think it's true like US is booming and it's
also giving a positive impact for the crypto industry and
so on the one hand in terms of regulations bringing
(07:03):
in more regulatory certainty. On the one side, we also have,
of course some yeah, risks we need to be aware of.
As you may know, there was let's say, meme coin
launches also a macroeconomic impact with the tariffs that has
been announced, so there we also have to admit it
also had a negative impact on the industry in terms
of liquidity that we saw on the crypto space. But overall,
(07:26):
besides US, we also should not forget the other area,
so Southeast Asia, Middle East, the emerging markets. There's so
many great narratives if it comes to stable coin tokenization
of real world asset. So also having there a very
positive sentiment of the governments and emerging like Middle East, Africa,
(07:47):
Latin America, So that's that's great to see that it's
overall a very yeah, positive shift.
Speaker 1 (07:55):
Suld I guess we should like settle a little bit
of scene setting here since we're talking about VC investments
in crypto. If you look at the broad the sort
of the chart of global investment in crypto, it really
peaked around twenty twenty one, and it's been sort of
(08:15):
falling every every year since then. What do you make
of that trend? And do you think that that peak
in twenty twenty one was like a weird aberration or
do you think we could go there again?
Speaker 2 (08:32):
So yeah, from my perspective what we saw, it's too
that we fund since we see investing decrease compared to
the years before. So we had a beer cycle, but
we should not forget now we are a special time.
So since the Bitcoin etf were established, we saw high
capital and flow from traditional players like black Rock, Fidelity,
(08:53):
et cetera. So having this institutional push brings more credibility
into the industry. And also this year again also with
you as pushing that narrative with crypto French regulation, with
other governments following that, I think there would be also
very a key enabler, like the traditional institution coming in
(09:16):
into the space.
Speaker 1 (09:17):
Simon, you have two funds, once kind of more public,
once more private. You do you see growth in terms
of like investors wanting to get into the space, Like,
what's your experience been there for the past say three
or four years, and where do you see it going
from here?
Speaker 3 (09:37):
Oh? Yeah, So so crypto is if you see the history,
there was a four year cycer of the crypto. So
usually the crypto cycer right driven by bitcoin harpening event.
So so at that times from the last cycle, the
leader demand of the news as was not that much.
(10:01):
So so bitcoin happening is a kind of myths. So
from the nowadays, the happening effect is almost general because
most of the bitcoin already issued, So I believe that
from the later on there will be a four year
(10:22):
cycle in the crypto anymore. So it will be borrowed,
just like as a tech industry cycler. So there will
be a cycler of course, so even in the tech
industry or digital s industry, there will be a supersycher.
So there'll be a lot of concrete demand from the
institution as well and also from the device side. So
(10:45):
I have to highlight those tabricle in. So the volume
of the tabricoin already surpassed Visia last year. And from
the Korean one Korean one uh the horror horror transaction
volume of the uh uh uh kinds of trading of Korea,
the ten percent of the trading volum of Korea uh
(11:07):
uh executed executed by taber queen already. Wow, yeah, it's
already big fixing.
Speaker 1 (11:14):
And which which table coins in particular is that dominant.
Speaker 3 (11:18):
So actually it's in gray gray area. So some of
the U s d T and U s d C
so to two major stabricoins are the major or one
from the executing the trading activity. But uh, but anyway,
so the tablecuin going up and there'll be a smart
(11:39):
contract platform should be enabling a lot of ecosystems more so.
I one of my expectation is from the after three
to two years ago, three to two years later on
many of the Web two companies were adopt some of
the smart contract platform at least execute some of those
(12:02):
Tabricoin payment So there be some gray area between Web
two and Web three in the future because of those
Tabricoin and many of the reptro startops are combining with
the smart contract and combining with the public main net
(12:23):
with the I.
Speaker 1 (12:24):
Feel like everything you're saying sounds to me like you
know what Mark Zuckerberg was saying when he did that
pivot and he changed his name to Matter and that
lasted about five minutes, and now he's all in on AI.
But you you're still a true believer in like crypto
for payments. Like how it sounds to me like you're
(12:46):
much more into I guess maybe call it the investing
side of things real world as as you know, I'm
gonna I'm gonna be able to buy shares of Intel
by buying you know, wrapped things anywhere in the world.
I can see a certain amount of utility there. The
(13:06):
do you agree with a signment that there's like a
future in payments as well or because I was just
on a payments panel like two hours ago and the
consensus there seem to be not so much.
Speaker 2 (13:21):
If you ask me. Definitely, because for for payment solutions, right,
if you look at stable coins, they're one to one
packed two dollars for instance. Also to in the future
to further currencies, and especially for emerging markets. It empowers
financial inclusion. For instance, you don't need a bank account
if you're in certain African countries to do money transfers.
(13:45):
You only need to have internet, You need to create
a wallet and you can do the transfer. So in
terms of financial financial inclusion, very very important point. And
also reducing remittance costs. Right, we have the largest remittance
cost towards Africa, like it's nine percent yearlyer. This is
(14:05):
billions of remittants costs that can be used for the
economy in those markets. So especially for the emerging market,
this stable coin narrative well remainiah.
Speaker 1 (14:19):
But haven't I mean haven't we had like over a
decade of people trying to solve the remittance thing. I
feel like the remittances use case the crypto was pretty
much the very first use case that anyone imagined that
when you know, Bitcoin was invented in twenty ten, right,
and everyone was like and people started, you know, with
(14:41):
like the early days of like Stellar and all of
this kind of stuff. People like remittance has remittances, and
a bunch of you know, good old fashioned trad fire
companies like wise got started around the same time. And
the trad fi people seem to be able to do
things quicker and cheaper and more legally than the crypto people.
(15:02):
Why if the crypto remittances haven't really taken off in
the past ten to fifteen years, why do you think
that they will take off in the future.
Speaker 2 (15:15):
It's all a matter of regulations again, So this is
where we were ten years ago. It's a different story
where we are now. And I think now with really
different governments again not only in US with SEC, even
with MICA or in the emerging markets, the framework from
the regulators will really set the stage to increase that
(15:38):
use case. So I think now that's what Also regulations
play a bigger role now for the.
Speaker 1 (15:44):
The idea being like that. The African like that the
regulators in Africa are more crypto friendly now than they
were ten years ago. Definitely, definitely, yes, I remember you
agree on that.
Speaker 3 (15:56):
Yeah, So I want to add one more thing. So
even for the limits between the developed country, using sabracle
is a lot easier and faster and cheaper. So when
I send the money to United States or Europe, usually
I use a swift sweet network and it takes a
(16:17):
few days with the high some percentage of the fee.
And also when I buy something from US market using paper,
it usually takes a four percent of the UH combining
or the money tras transmission fee and currency exchanging fee
and extra. But using the tabcle in network, the kinds
(16:41):
of UH or the FeAs combining should be under zero
point five something, so it will be much more convenient
and easier and no need to setter. So we need
to rely on the field of the centralized cum party.
We can't ask to rely on brook tain network for
(17:03):
for the settlement.
Speaker 1 (17:05):
Well, I think this is a beautiful vision for those
of us in America. We can we can build our
export base by accepting stable coins in payment from anyone
in the planet and it will all happen very cheaply.
Uh So just to finish up here, tell me, tell
(17:27):
me what the what, What's what's the best performing country
asset class token? What the thing, what's the thing you're
most bullish about over the next say two years.
Speaker 2 (17:42):
So in terms of sector, real world asset organization has
a very strong shift now again with institutions coming into
the space. For instance, they have been a protot called
Onto Finance. They talk nice the bonds of black Rock.
They're also just a now Slayer one infrastructure platform where
(18:04):
you can issue and issue security. So this is something
I think will take off. So tokenization of financial products
later on, even real estate, so having really fractional ownership
for financial product products, real estate, other tangible that's something yeah, on.
Speaker 1 (18:21):
Those really big in payments as well. How about how
about you, You're you're more into mime coins.
Speaker 3 (18:26):
Yeah, so I'm not a huge fan of mime coin,
but I'm very interested in, uh the combination of the
mime coin with the lear utility or contents. So in
these days, many of the mime coins are having combining
the combined with the AI agent and they are they
(18:49):
have their own images or feature and they launched their
own Twitter.
Speaker 1 (18:54):
Can I love this so much? We get a combination
of social media, AI and meme, coins and crypto all
rolled into one. I feel like this it can only
either explode. It's going to explode one way or the other,
in a way or a bad way. But Simon, Sarah,
this has been fantastic. Thank you so much,
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!