Buying The AVAX Dip!🔥Anthony Scaramucci INTERVIEW🚨Avax One Treasury $AVX

Avalanche treasury firm AVAX One (AVX) has approved a buyback plan for up to $40 million of its common stock.

GUESTS:
Matt Zhang - Founder of Hivemind 
Anthony Scaramucci - Founder SkyBridge
AVAX One $AVX Website ➜ https://avax-one.com/

00:00 Intro
00:18 Avax TVL is Half The Marketcap
00:32 Transaction Growth
00:43 RWA Growth
00:56 Japan Stablecoin Growth
01:12 Best Stablecoin Yields on AVAX
01:21 Lowest Fees
01:34 Gam3 Awards
01:51 AVAX dominates Gaming Awards
02:29 The Most Undervalued Chain?
04:50 Avax One Treasury Strategy $AVX
08:08 Treasury Company Unwind
09:56 How Avax One is Sustainable
12:50 Crash Scaring Away Investors?
14:16 AVAX Could fix D.O.G.E. & Government?
15:40 AVAX Staking Strategy
17:15 Tom Lee's "Glitch" FUD
19:25 outro

#AVAX #Crypto #Bitcoin
~Buying The AVAX Dip!🔥Anthony Scaramucci INTERVIEW🚨Avax One Treasury $AVX~
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Episode Transcript

Speaker 1 (00:00):
Today, we're going to do a little bit of a
breakdown on Avalanche. As the market is melting down. Avalanche
is one of those that's getting hurt the most, but
there are some things to be looking into it. Let's
just get right into it. I want to go over
to a couple of things before we bring on our guest.

Speaker 2 (00:13):
Today.

Speaker 1 (00:13):
We'll have Anthony Scaramucci joining us along with Matzang talking
about where Avalanche is going. If you look at the
current metrics, especially on stable coin market cap continuing to
climb right here on Avalanche, and this is one of
the things that I think we'll continue to see a
big move forward as Avalanche maybe stabilizes number of addresses.

(00:35):
You look at the monthly transaction count continuing to climb.
This active addresses are stabilizing. So this again good news
for Avalanche in general. Not only that, you can also
take a look at what's going on in the r
Toba market and I'll kind of zoom in on that
for you guys. Avalanche still maintains the number three spot
on networks on the league table, which is good because
it's still showing good sign of growth. Beyond that, you've

(00:58):
also got to look at the volume on the yen
which has started to shift over from Polygon to Avalanche,
which is another intriguing component as we start to see
things unwinding in Japan that I think will really start
to show maybe where the market could be going very soon.
Continuing to show very high staking percentages and of course

(01:18):
that being a great performance in general, and I think
when you look at that along with transaction fees, when
you get out there on coinbase, if you're moving stuff around,
Avalanche is still leading the pack in terms of fees,
So you would wonder why we're continue to see pressure
on the market.

Speaker 2 (01:35):
Now.

Speaker 1 (01:35):
Just a big recap of the game awards, which is
one of the key things that Avalanche has continued to
showcase in terms of strength, and that is their presence
in Web three gaming. I want to go to a
clip real quick and then we'll bring our guests in
and kind of break down where treasures are going.

Speaker 3 (01:52):
Take a look, and the Wino is mappers to the
universe for best Action Game Off.

Speaker 4 (02:00):
The Grid and the winner is Off.

Speaker 1 (02:04):
The Grid, and the winner is Off the Grid and
the winner is Off the Grid.

Speaker 4 (02:14):
Four awards in one day, and I'm honored to announce
the Best Game Award and the winner is hang On
Off the Grid. The people have spoken.

Speaker 1 (02:29):
All right, so pretty much a slam dunk, you know
when you look at gaming in general, so you wonder
what other things could be very bullish for Avalanche. Well,
I wanted to bring on both Anthony and Matt to
kind of talk about that. So welcome into the show, guys.

Speaker 2 (02:43):
How are you good to be on pull?

Speaker 3 (02:45):
Great?

Speaker 1 (02:46):
Excellent, Great to see you guys, and of course a
lot of this when you look at Avalanche right now.
We'll start with you, Anthony, many people would consider this
a very underrated chain right now, kind of give me
your reasoning of why Skybridge is so bullish on AVAX.

Speaker 5 (03:02):
Well, first of all, I enjoyed your preamble and your commentary,
but I think the one thing I just want to
emphasize with each everybody, we've had a tsunami hit the
markets from October tenth, and so it's blown everything up, Bitcoin,
drag down Salona, Avalanche. You pick the name, and so
the real question before you, and I'll turn it over

(03:23):
to Matt in a second, is does Avalanche have good fundamentals?

Speaker 2 (03:27):
You just represented that to everybody.

Speaker 5 (03:29):
Secondarily, is Avalanche being adopted by institutions. Can I go
to the Fortune fifty and when they're thinking about tokenizing things,
putting their finances on chain, or putting their stock or
bond capital structure on chain, are they thinking about using
an avalanche And the answer is yes. And then secondarily,

(03:49):
which is something Mad is more of an expert on
in me, are these subnets?

Speaker 3 (03:54):
You know?

Speaker 5 (03:54):
You're able to customize things on Avalanche that you can't
do in other places. I'm an old fogie in the industry, Okay,
so when I look at my peer group that is
in their late fifties, mid sixties, what are they going
to adopt. They're going to want to adopt things that
can customize more than generic things. And this is why

(04:16):
Avalanche is going to be a big part of the
future story. So I'm wildly bullish on avalanche. This is
a garden variety like correction born from perhaps excess leverage
or maybe a market maker getting taken out. And I
think the trajectory is still going in our direction, so
it's it's good opportunity to buy well.

Speaker 1 (04:36):
I think that's the point is when you see these
kind of pullbacks, many people try to either if you're
a very bearish or you're maybe very bullish on a project.
These are the times when you're looking into it, especially
around the idea, around principles, and also just the fundamentals
of it. Matt, when you look at what you guys
are doing from a treasury standpoint, especially on a strategy

(04:57):
side of things, kind of give us a rundown of
what you guys are doing differently than others out there.

Speaker 6 (05:02):
Right now, we'd love to paf so I agree everything
Anthony just mentioned.

Speaker 3 (05:07):
You know, at HiveMind, you know we also.

Speaker 6 (05:10):
Have decades of Tientify experience, so when we're approaching blockchain
and crypto, we're always taking a fundamental type of approach.

Speaker 3 (05:17):
For example, this year.

Speaker 6 (05:18):
Everybody talking about that, you know, as our team, we
look at more than one hundred thatch companies. We invested
more than a dozen, but one actually coming to sponsor
leading one would be very careful.

Speaker 3 (05:30):
I mean, we.

Speaker 6 (05:30):
Actually had four or five different foundations approached us early
this year having us to lead structure of that for them.

Speaker 3 (05:37):
We actually turned every single of them down. But in
the summer one Avalanche team.

Speaker 6 (05:42):
Sort of like reached out to us. We knew we
want to do this wisdom because we know the team
for years, just like Anthony, and we think that their
change is really actually doing what blockchain is supposed to do,
is adding the real ward utilities with the right design,
the subt net features to give financial services industries, the
giving industries actually.

Speaker 3 (06:03):
A way to access Web three in a scalable and
a compliant way.

Speaker 6 (06:08):
So very quickly I decided to work with Avalanche Foundation.
I caught up Anthony. Anthony is very excited by joining
the program. That's the bard of AVX one, if not
that company kick her ABX. And the goal is it's simple,
there's two layers to it, like you mentioned, and you
know very well like many other that companies there, we

(06:29):
want to go and accumulating ABX tokens and accumulating that
for our shareholders on a per share basis. But we're
not going to just do that. You know, I think
that differentiating us from many other deaths is we need
a soul for that. So like what actually we want
to do? What is the operating business model that differentiating
us and making our that model future proof? And we

(06:52):
believe that actually using the vehicle to actually building an
unchained financial economy is what we actually really here excited about.

Speaker 3 (07:00):
So the goal is on one.

Speaker 6 (07:02):
Side, opportunely deploying capitals, cumulating admas tokens in a smart
and scalable way. On the other side is actually with
our shareholders approvals and supports, which we've got going there
and looking for bab too. Fintech companies. Let them be
remintenance companies, payment companies, origional banks and insurance companies that
are trading at a very reasonable undervalued at a multiple bases.

Speaker 3 (07:26):
Selectively invest, roll.

Speaker 6 (07:28):
Them up, acquire them that give us the cash flow,
give us the real profit that actually our company will
be valued at enterprise value beyond simply book value. Allow
us actually to build what blockchain enable us to do.
Bring them to the avalanche system, supporting the tokens, supporting ecosystems.

Speaker 3 (07:47):
That's what we're trying to do here.

Speaker 1 (07:48):
Well, okay, so a couple of points here. I want
to jump back to you, Anthony, and you know you
come from og wall Street. You look at what Wall
Street is doing right now, which is pretty much all
in on to organized and real world assets. Whether it's Larry,
whether you look at what's happening with Tom Lee. You
see everyone in the market pretty much pointing in the
same direction. Do you feel that the DAT is the

(08:13):
digital asset treasuries now are being looked at as a
potential unwind.

Speaker 5 (08:17):
Well, I think that some of the you don't want
the baby getting thrown out with the bathwater. So yes,
some of these dats I think one or two of
them are down ninety six percent. Some of these dats
were not properly designed in the beginning, pall. And so
now you're you know, you know, as the tide goes out,
you're seeing who's swimming half naked, but you know you're

(08:38):
you're actually talking to two trade five people. You know,
Matt was at City Bank, you know, and he he
ran different businesses for them before he migrated into the crypto.

Speaker 2 (08:48):
Portion of their business.

Speaker 5 (08:49):
And what I would say to you is that you've
got people in this business that are looking at a
way to tangibly take the operating income that's going to
come from the toe and deploy it into a creative
assets and so and those are creative assets will also
yield positive and potentially exponential earnings growth. So if you're

(09:10):
with us and you take a look at this as
an equity, which to me is at least a two
to five year story, you're going to be dramatically benefited
from that. And if you buy it now at this level,
you'ld be dramatically benefited. And it just quickly, you know,
coinbase went public and then we'll look at meh went
right down. Okay, I think it was started out of
four hundred.

Speaker 2 (09:30):
It went to eighty. It's now back to four hundred.

Speaker 5 (09:33):
If you were brave enough to be buying it when
everybody was nay saying it, look at the fundamentals of
that story and look at what's happened there over the
last four years. So this bear market that we're experiencing,
which I love about these bear markets are always unexpected.
This unexpected bear market that we're experiencing is a wonderful
opportunity if you believe in the long term fundamentals of

(09:55):
something like avax one.

Speaker 1 (09:57):
Yeah, well, I think that's the thing. And Matt to
to your credit. I think what you guys have done
from a strategy standpoint is really step beyond the idea
of just holding the asset, the core asset. This is
something that we understand as investors who have been in
digital assets, and we understand the technology. Is this a
hard sell to an investor who maybe doesn't know this

(10:19):
right now?

Speaker 2 (10:20):
How do you get it out?

Speaker 3 (10:21):
There's a great question.

Speaker 6 (10:23):
I want to approach this and also answer some of
your questions earlier in a different way. I would say
all of us three remember dot Com bubble, every Google
born from that bubble.

Speaker 3 (10:34):
You had a thousand companies. Internet company didn't make.

Speaker 6 (10:36):
It right now, looking back, you're absolutely going to say
that's a bubble, But that didn't mean Internet has no utility.
To the contrary, we went on for a twenty five
year amazing Internet era.

Speaker 3 (10:48):
I'm going to say the same thing here.

Speaker 6 (10:50):
I don't think that's going to unwind, but I think
that absolutely to evolve. For every single successful that company
is going to evolve from here, you're going to have
one hundred that company probably fail because they were never
supposed to build a lot of last things sustainable business.
By the way, Paul, as you know is earning season,
there's a lot of ten ks, ten Q eight k
is out there, which means as all of those getting revealed,

(11:13):
you're going to have a lot of shocking details people
going to find in them that are not supposed to
be in.

Speaker 3 (11:18):
Them because you have people who doesn't have.

Speaker 6 (11:20):
The tradify experience trying to run a public company, barely
understand how to run an earning call.

Speaker 3 (11:25):
You ask me, I think none of those that's.

Speaker 6 (11:27):
Really exists in the first place because they never have
the right thoughts to do that. IX one, Anthony and
I and our leadership team. I don't know whether you
know this, pop let me share this with your audience.
We're one of the field. We don't know, only one
actually one for full shareholder vote to do this. Many
that companies out there, they didn't get one they may
or may not need. But when we're facing questions like this,

(11:49):
we said we want to do things in a slower
way because we want to do in the right way.
If you think that one month's delay we're so meaningful
or you are varying shareholder is not going to prove
your dad, you really should think about whether you should
do this in.

Speaker 3 (12:01):
The first place.

Speaker 6 (12:02):
Right.

Speaker 3 (12:02):
So, yeah, I think.

Speaker 6 (12:03):
That that market as today the way it is, it's
not sustainable. People need to evolve. We're very excited about
the way we're building it. And here comes back to
your second question, which is how we're going to tell
the storage traditional investor.

Speaker 3 (12:15):
Would they understand it?

Speaker 6 (12:17):
Well, the point here is actually not to say we're
Avalanche that. The here point is to say, are you
excited investing in a company that's going to build the
future of unchain financial economy. It just happens the underlying
technology we're going to utilize building it is the best
one in town, which is Avalanche Network. So this is

(12:38):
the vision we're doing. It's powered by the Avalanche Network ecosystem.
Not to say we're going to find a change just
cumulating tokens and then trying to figure out what to
do with it.

Speaker 3 (12:47):
I think that flip logic is really really meaningful for us.

Speaker 1 (12:51):
Let me get your temperature Anthony wall Street today, Where
would you put this on a one to ten scale
of pro blockchain or are they starting to question just
because of what we're seeing happen over the last month.

Speaker 2 (13:05):
Well, I mean listen the last month.

Speaker 5 (13:07):
If you were a crypto bear or you miss bitcoin
and you hate on bitcoin, this is fantastic. You know,
the haters will creep out of the woodwork and start
to land basing people on Twitter. But for me, I
think generally Wall Street is moving in the right direction.
Just go to Larry Fink and what's going on there
at black Rock, or look at what's going on Fidelity.

(13:29):
Even van Eka looks like now is going to come
into the fray for bitcoin. So you know, and what
we left out, which I think Matt would agree with me,
there's OG bitcoin sellers that have entered the marketplace. Millions
of dollars have been flooded into the marketplace by OG sellers.
And so I'm going to use a trade fi analogy here.
Those are sort of like venture capitalists that are long

(13:51):
term holders of an IPO and they've decided now that
this is the right time to sell that. Typically, if
it's a good fundamental story, that recirculation of supply is
a great building block to build off of. In fact,
having more decentralized supply is a better thing for long
term asset prices. So I think haters are hating, no question,

(14:14):
but generally Wall Street is moving in the right direction.

Speaker 1 (14:17):
Do you think that we're in a position right now,
especially from a regulatory side of things. You think about
what Elon was trying to do with his effort around doge.
He was exploring blockchain usage in US government in general. Avalanche,
of course, has been one of the critical chains out
there that have been able to do this actually get
it done. Do you think that is maybe a bigger

(14:42):
selling point going forward, that the infrastructure play for AVAX
is untold right now?

Speaker 2 (14:47):
Yes, but remember I'm a realist. Okay.

Speaker 5 (14:50):
We have a lot of older people in the government, Okay.
And so Donald Trump is closing on eighty, Joe Biden
Behorn closing it on eighty two, Nancy Pelosi finally leaving
at a eighty five. I guess Chruck Chuck Grassley is
going to be in the center for.

Speaker 2 (15:03):
Another five hundred years.

Speaker 5 (15:05):
I would tell your children to be nice to the
world because they're leaving it to Chuck Grassley.

Speaker 2 (15:09):
And so my.

Speaker 5 (15:10):
Point is is these older people phase out and a
younger group of people enter the government.

Speaker 2 (15:16):
Guess what they're going to do. They're going to do
what Elon Musk said to do.

Speaker 5 (15:19):
We're going to put this stuff on the fully transparent,
fully distributed blockchain, and Avalanche is going to be one
of those because of the customization capabilities of Avalanche.

Speaker 2 (15:30):
No doubt.

Speaker 1 (15:31):
Well, here was Emmon kind of hitting on this USKED
Commerce Department distributing GDP data on chain that was back
in August, I think when you put this out so
a pretty big deal going forward. I want to kind
of backtrack just a second here around yield bearing assets
and especially what's been going on with dats, because now
we're seeing some dats that are starting to activate yield

(15:52):
strategies if you look. Of course, i'm just in general
looking at what's going on on YILDIAC, but there's a
lot of opportunities here in terms of pretty significant yields.
What are you guys going to use MATT for yield generation?

Speaker 3 (16:07):
And we need to take a balanced approach.

Speaker 6 (16:09):
On one side, you know, yields are great, especially if
you can supporting avalanche ecosystem companies, and there's many talented
teams and people are building an avalanche ecosystem. On the
other side, typically there's risk associated with a higher yield. Right,
So we as one of the will be one of
the largest holders.

Speaker 3 (16:28):
Of avalanche tokens. Our job is storeship that token treasury.

Speaker 6 (16:33):
So we were obviously participating in native stacking, because native
staking means.

Speaker 3 (16:37):
More than just getting yield.

Speaker 6 (16:39):
It's about participating in the community decisions, supporting decivilizations which
beyond economic reasons.

Speaker 3 (16:45):
So we're going to be very active there.

Speaker 6 (16:46):
Beyond that, we always want to have part of the
treasuries that seeking yields that away from native staking and
getting higher yields. But I want to double down here
is like whatever we do that needs to be on
a risk adjusted business. But I think it's great to
see the ecosystem, the DeFi communities so prosperedus and there's
a lot of activities going on there and our team

(17:09):
has been engaging with many founders and we're looking for
different ways so sort of maximizing the am NAV and
the yields or tradery.

Speaker 1 (17:16):
Yeah, Anthony, I'm sure you saw Tom Lee's interview was
I think it was CNBC. Yeah, Yeah, he kind of
got cornered into a position of trying to explain what
was happening with these market makers. He kind of regaled
around the idea of a glitch and do you think
he handled that right? I mean, we are arguing that

(17:38):
internally here as to whether or not that was the
right way to approach it, especially with b M and
R as one of the biggest dats out there.

Speaker 5 (17:46):
Right, I think he's pretty honest. I mean I watched
the interview twice. Now I think he's trying to tell
you that. Match said it before we went live here.
We were in the green room, Matt and I. Matt said,
somebody got burned very badly to or tenth and eleventh.
They're probably tied to trade five, so they haven't fully exploded,

(18:07):
but they're in the process of dumping and liquidating inventory
and trying to deleverage themselves. And this happened during the
FDx debacle. It happened late in twenty twenty one when
it looked like we weren't going to get the crypto
cash ETF after the Future's ETF, and so I think
he got a little tongue tied. But he was trying

(18:28):
to explain to people that there's an operational thing that's
going on right now. It's going to take a few
weeks to get itself out of the marketplace. Now, he said,
eight weeks. We're into week six. I would interested to
see what Matt says. I think we're getting to the end.
I think the bottom off that eighty one number. If
this holds for the next week, I think eighty one

(18:49):
could be the interim bear market low. Possibly, you know.

Speaker 2 (18:53):
Maybe that'll be the low. But I'll just leave you
with this thought, Paul, But buying is there.

Speaker 5 (18:58):
You know, you talk to Robbie Mitcheck at black Rock,
you talk to other guys that are selling ets eleven
or twelve ets.

Speaker 2 (19:04):
That are out there.

Speaker 5 (19:05):
The volume is there, and so oh, ETFs liquidat Sure,
they go through spasms liquidation, but on a net basis,
the ETFs are buying and that will push the price
a bit coin up over the next three to six months.
Just we like calendar year endings to be great. This
calendar year ending probably won't be great, but I like

(19:25):
the next twenty four months.

Speaker 1 (19:26):
Listen, We're definitely going to get both of you back
on the show because there's so much more I think
we need to unwrap here. Maybe after this market stabilizes
a little bit. We'd love to have you back because
there's I think what you're doing from a strategy standpoint
one super interesting and also very important I think for
at least the Avalanche ecosystem. So Anthony, Matt, thanks for
coming in today. We appreciate it.

Speaker 2 (19:46):
Thank that great to be on. Good to see Matt. Paul.

Speaker 1 (19:50):
All right, you guys, all right, you guys, you guys
know what to do if you're not already doing it,
make sure and jump in on our private group. We
always leave a link down below. You can join down
there for free, and of course follow me out there
on x at Paul Baron. We'll catch you next time
right here on The Paul Baron Show