August 11, 2025 • 14 mins
Citadel, one of the world's largest hedge funds, has joined the ranks of companies investing in Litecoin (LTC) for treasury purposes. This move follows a trend set by other major corporations, including MEI Pharma, which recently allocated $100 million to Litecoin as its primary treasury asset.
~This episode is sponsored by Tangem~
Tangem ➜ https://bit.ly/TangemPBN
Use Code: "PBN" for Additional Discounts!
Guest: David Schwartz, Director of Strategic Partnerships at Litecoin Foundation
Litecoin website ➜ https://litecoin.org/
00:00 Intro
00:06 Sponsor: Tangem
00:42 Litecoin Latest Update
01:45 Litecoin Twitter Account is fire
02:20 Treasury Companies a Bubble?
03:59 Trust in Litecoin
05:19 Litecoin ETF Approval
06:56 Litecoin vs Bitcoin: Store of Value
08:40 MEI Pharma & Citadel Treasury Funds
10:30 Ecosystem Investments
11:15 Charlie Lee Rebuying Litecoin
13:29 outro
#Litecoin #Crypto #Bitcoin
~Citadel Joins Litecoin Treasury Fund🔥David Schwartz $LTC INTERVIEW~
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~This episode is sponsored by Tangem~
Tangem ➜ https://bit.ly/TangemPBN
Use Code: "PBN" for Additional Discounts!
Guest: David Schwartz, Director of Strategic Partnerships at Litecoin Foundation
Litecoin website ➜ https://litecoin.org/
00:00 Intro
00:06 Sponsor: Tangem
00:42 Litecoin Latest Update
01:45 Litecoin Twitter Account is fire
02:20 Treasury Companies a Bubble?
03:59 Trust in Litecoin
05:19 Litecoin ETF Approval
06:56 Litecoin vs Bitcoin: Store of Value
08:40 MEI Pharma & Citadel Treasury Funds
10:30 Ecosystem Investments
11:15 Charlie Lee Rebuying Litecoin
13:29 outro
#Litecoin #Crypto #Bitcoin
~Citadel Joins Litecoin Treasury Fund🔥David Schwartz $LTC INTERVIEW~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
Join our community!Â
Diamond Circle (FREE):Â https://www.paulbarronnetwork.com/store
Forge Membership: https://www.paulbarronnetwork.com/forge-membership
Private Telegram Group (FREE): https://t.me/+nISqoMxrok40NTcx
Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe
Twitter 📱 http://bit.ly/PBNtwitter
Get official PBN merch! ➜ https://metapaul.com/
~ The Best Self Custody Wallet ➜ https://tangem.com/en/ Use Code PBN for Additional Discounts!
~ The Best Crypto Exchange ➜ Coinbase, get up to $200 in crypto - coinbase-consumer.sjv.io/BARRON
~ Looking for the best tax havens for Crypto? Free Month with iTrust Capital ➜ Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome back into the show. Today, we're going to be
diving in to light coin, a project overview. We're going
to have a special guest for you, so you don't
want to miss it. Let's get started. I do want
to thank our sponsor and that is Tangum. This is
where you guys can get into self custy. There's a
few things you can do with Tangum. One of the
coolest things is actually set it up with your phone.
It works like a credit card, an Android device and
(00:20):
Apple device, very simple to get going. If you're brand
new to self custody, this is the one for you.
It's a hardware device, so it is one of the
most secure out there. And another thing that is really
cool about tangem it takes no time to get it
set up. It's like three minutes to get it going.
All you have to do is visit tangum dot com
use our link down below. It's going to give you
a little bit of a break and get you going
(00:41):
on self cussing.
Speaker 2 (00:42):
Let's get over to it today.
Speaker 1 (00:43):
I do want to bring in David Schwartz coming in
from Like Coins Foundation into the show. How are you, hey, Paul,
how are you doing Yeah, thanks for coming in today.
So I want to first kick off a little bit
with like coin in terms of any kind of updates
that you can share with us. We're going to be
talking about ETFs and treasuries, but anything that is brewing
(01:05):
right now within the foundation that you can share.
Speaker 2 (01:07):
Yeah. Sure.
Speaker 3 (01:08):
I think one of the coolest parts is we just
had a new native wallet launch in May end of
May called Nexus Wallet Okay, and I think the great
feature about that is it has the regular light Cooin
addresses that everybody is used to, but it also has
an optional privacy address as well, so you're able to
(01:30):
either keep it in the regular addresses or put it
in one of the optional private Okay addresses, which means
the totals covered and when you interact with other addresses,
the amount that goes back and forth is shielded.
Speaker 2 (01:43):
Too.
Speaker 1 (01:44):
Interesting, all right, So that's good news.
Speaker 2 (01:46):
You know.
Speaker 1 (01:46):
I've been following like cooin for quite a while. The
marketing I think is brilliant. I was looking at your
Twitter account, which is significant in terms of size, but
you guys have some really good fun times with it.
I think it's first of all, it's good to see
project like this that kind of don't take themselves too seriously,
have a little bit of fun with it. I love
that one on the but you also get into some
(02:08):
details there. You got set a little big ken Griffin
which is very involved into what you guys are doing.
Let's talk a little bit about the treasury side of
things and also ETF will get into that in a second.
When you look at the market right now, David, and
you kind of see what has been happening with eth
Bitcoin now other potential projects starting to look at treasury companies.
(02:31):
Do you think this is a short time market bubble
or do you think this is a long term strategy
that might be developing.
Speaker 3 (02:39):
Yeah, I think it all depends on the strategy that
the Treasury is taking. If it's one where they basically
purchase the crypto and then sit on it, there could
be a shorter shelf life to it. If it's one
where the Treasury as what we're recommending myself and Charlie
and the Foundation, any company that's looking to do a
(03:00):
treasury play with like coin is not just to invest
in the in the coin and hold it, but also
allocate some of those funds that they're receiving through equity
or otherwise and actually investing it into the ecosystem to
support the infrastructure and the companies that are building on top.
And in that way they you know, they're able to
(03:22):
gain some yield off of being VCS within the space,
or they take some of that like coin and they're
putting it into something that creates a yield and they're
getting that back. Then that helps the stockholders want to
retain that stock beyond just the promise of like coin
number go up.
Speaker 2 (03:38):
Yeah.
Speaker 1 (03:38):
Well, I think that has been maybe the killer app
to develop. I think the smarter investors probably are looking
for that now we've already seen it in the e ecosystem.
BTCS is one that kind of comes to mind they
do that right now, We'll probably see more even with
Tom Lee's company BM and R of being able to
enrich the company through you know some of the active
(04:00):
you're talking about, you guys zero down time for twelve years.
So this has become kind of I like this statement, right,
institution's value the kind of reliability kind of like digital silver,
which is cool when you look at investors now, guys
like Ken Griffith and others that are starting to get
behind this. Do you feel that traditional investors are ready
(04:22):
for this kind of asset. I would like they are bigcin, yeah,
like they are big.
Speaker 3 (04:27):
One, Yeah, I would I would say yes. And the
reality is, as human beings, we normally just don't settle
for something even if it's treating us very well, and
so wandering eyes come, and so they want to look
at what other asset classes within cryptocurrencies are something that
they could potentially invest in, and like Coin's probably if
(04:49):
not the most underrated and underpriced according.
Speaker 2 (04:53):
To their actual metrics.
Speaker 3 (04:55):
I can't think of another one, but it would be
something where I would think, you know, being someone who
buys shares of stock, dividend stocks and whatever else, I'm
always looking for where all the fundamentals are screaming by,
but at that moment, it looks like it's just been oversold, right,
And so like coin falls conveniently right into that type
of an asset for somebody to invest in.
Speaker 1 (05:18):
Well, when people don't want direct exposure, they typically go
through the route of ETFs. Here's Eric Balschunez talking about
that very thing like coin ETF. Now all the boxes
are checked, likelihood is we could get an SEC approval
of these kinds of programs, the one that we're watching
right now, like coin and also XRP, and you of
(05:39):
course have Solana also kind of in the running right now.
Speaker 2 (05:42):
Do you think like coin and.
Speaker 1 (05:43):
XRP will be the first that actually get a new
spot etf You.
Speaker 3 (05:47):
Know, it's interesting if you would have asked me this
probably five or six months ago, when this was still
fairly fresh, I would have told you that absolutely like
coin would be the first because of the manner which
things are filed, the question marks that were lingering around
XRP and Solona at the time, it just seemed like
cooin literally was a clear cut copy and paste of
(06:10):
all the requirements that were expected of bitcoin when it
was you know, approved, And yet here we are today,
none of them have been approved yet, and it almost
feels like it's going to be some sort of mass approval.
Speaker 2 (06:24):
All at one time.
Speaker 3 (06:25):
I'm not saying that's what all happened, but it just
sort of I just sort of get that vibe from it, Okay,
is that you know?
Speaker 2 (06:31):
Is that fair or not? I mean, it all depends
on which one you're rooting for.
Speaker 1 (06:36):
I guess, right, well, yeah, and I think you know
the market itself, it's usually the first mover always wins.
You look at ibid with with bitcoin, it has been
a big one to a certain extent. I feel like
eth maybe got a little bit more of a leveled
playing field because you have a lot of treasury companies
playing for top dog. Whether it's S better, BM and R,
et cetera, but definitely a lot.
Speaker 2 (06:56):
I want to play a clip for you.
Speaker 1 (06:58):
This is talking Charlie talking about like coin versus stable coins.
I want to get your opinion to take a look.
Speaker 4 (07:04):
Stable coins are good for payments also, but we see
people using like cooin more because like coin is a
better store value. People like to use store their money
in crypto and bitcoin in like cooin, similar to how
people store money in gold and silver being better of
store value than FIA currencies.
Speaker 1 (07:22):
So do you guys feel that that is maybe the
destiny for like coin is more of a stable asset
that we could see traditional investors moving into like a
stable coin or do you think it's still a speculative play.
Speaker 3 (07:36):
Well, I think everything's a specuative play still at this
point to some degree. But I feel like like coin
is in this very unique position to where it can
play as a store value and for merchants as well.
Speaker 2 (07:49):
So like if you look at bit pay, coin.
Speaker 3 (07:52):
Gate a few of the others that do crypto payment processing,
like coin is either number one or number two for
total payments a month, right above all stable coins. So
like coin led for two years actually on bit pay,
blowing away all the stable coins that were on.
Speaker 2 (08:09):
There, and they just surpassed.
Speaker 3 (08:12):
I think it's USDT on coin gate and is now
in the number two position behind Bitcoin and coin gates
to one of the most popular ones in Europe. So
I think there's something to be said for people who
are holding on to their light coin or bitcoin or
something that is considered a store of value and then
using it as a payment method later, versus holding it
in stable coins and then losing purchasing power over time,
(08:35):
just like with FIAT, since that's what it's mostly backed by.
Speaker 1 (08:39):
I want to hit on a few points within this
because I want to kind of shift over to the
potential of securities and especially tokenized I should say tokenized treasuries,
but more on the side of how some of these
companies are starting to move. This is emmy I Pharma.
They're the one that is going to be potentially a
like coin treasury a couple of points within it. One
hundred million to launch, that's a big deal. And you
(09:01):
also have Citadel that is behind this as well. So
with all of that occurring right now, along with Citadel,
along with the fact that you guys are launching, when
other treasuries are starting to move into the market, do
you think there's going to be too many in the
market to where you can actually get the attention to
draw an investment.
Speaker 2 (09:21):
What's your thought? Yeah, you have to be careful with that.
Speaker 3 (09:23):
You definitely don't want to oversaturate a play like this,
And Charlie has even mentioned that, and I agree that.
You know, if you have one in the United States,
really solely concentrate on that one and build it up
as best you can.
Speaker 2 (09:38):
We have one in.
Speaker 3 (09:39):
Canada called lux Folio that has it as a treasury
as well. That would be the only one that we
would really try and necessarily give a lot of support
to or advise. And then you know, if it's sprinkled globally,
like like coins, a global payment system, anybody can use it.
There's no boundaries, and so why not have some treasure
(09:59):
plays in other countries. So I would recommend maybe looking
at getting you know, getting it entered into some other
exchanges around the world in those geographic areas versus I see, Okay.
Speaker 2 (10:11):
Having them all piled within the United States in the.
Speaker 1 (10:14):
United States, Well, listen, the United States, that's where you know,
that's where the most of the investment is occurring in
these ets. They're by far the number one country out there.
But back to your point earlier in the interview, you
mentioned that treasury companies should be investing back into the ecosystem,
et cetera. Do you know of any plans from em
(10:34):
i p's launch if they're planning on something other than
just holding the token.
Speaker 3 (10:39):
Yes, we've had these conversations with them, and their intention
is to look very intently at adding mining into the
into the treasury playing okay, you know, hopefully like supporting
things like our annual Likecoin summit, which we just had
this last May rely next to the Bitcoin conference, yep,
(11:03):
and then investing potentially in some companies that will end
up building out the eco or the ecosystem or the
infrastructure on like coin for DeFi and smart contracts and
things like that.
Speaker 1 (11:15):
All Right, So, David, let me play this clip for
you to kind of break down the way the community
is taking a look at this as well.
Speaker 2 (11:22):
Take a look at hitcoin.
Speaker 5 (11:24):
Just got bought by a holding company. And guess who
bought into the holding company.
Speaker 2 (11:27):
Charlie Lee.
Speaker 5 (11:29):
Charlie Lee, if you remember, he's the guy that started
like cooin when he was working at coinbase, and then.
Speaker 2 (11:34):
He sold out.
Speaker 5 (11:34):
He betrayed all his community and all his followers by
selling all of his light cooin at the top, was
it like twenty seventeen or twenty nineteen or something like that. Ridiculous.
He made tons of money. And then you know what
he did with his tons of money, He made tons
more by just buying bitcoin. So now he's super super rich.
And then guess what he does. He buys the company
that just bought all of light coin. Why because they're
(11:56):
going to drive to push light coin through to Wall
Street using an ETL and all the corporations are going
to buy like coin now.
Speaker 1 (12:03):
All right, So you get the pushback there from the
audience from the community, My question is how do you
respond to that.
Speaker 2 (12:11):
I've never even heard of this guy.
Speaker 3 (12:12):
And I can tell you the community, the ones that
have been loyal through this whole thing, understand that actually
Charlie did it out of avoiding conflict of interest. I mean,
if you're going to have a decentralized crypto currency, and
every time the man posted a tweet it was going
up and down.
Speaker 2 (12:27):
That's a lot of that's a lot of.
Speaker 3 (12:29):
Undue hardship on him and on the community or anybody
that's investing in it. So it was just logical, Like
he divested at an average of two hundred and five dollars,
which is half of the all time high, so that's
not even close to the peak, right, and then he
takes it money and he reinvests it. He's our top
(12:49):
donor for a cooin foundation is probably ninety eight percent
of everything that we run off within a year, right,
So he was putting it back into the ecosystem. And
then now he buys into this this treasury through i P.
You know, now he's I suppose indirectly in the game
again by investing in it.
Speaker 2 (13:08):
But he did it.
Speaker 3 (13:09):
He did it to signify his faith and his ability
to understand what i P was doing and that he
agreed with it, right, and then he gets put on
the board in order to make sure that everything runs
the right, the right way, the light coin way. So
I think all of it is very very positive.
Speaker 1 (13:27):
Okay, all right, well listen, we're going to be doing more.
We're going to cover light coin a little bit more
because we're getting more people out there asking about it.
So we'd love to have you back on. But thanks
so much for coming in today. We appreciate it.
Speaker 2 (13:37):
Thank you, Paul, I appreciate it.
Speaker 1 (13:39):
You bet, are you guys? If you are not in
the Diamond Circle, make sure and get in that right now.
It's our own private group that you can be part
of it absolutely free. Will leave a link down below.
All you have to do is click that. It's going
to take you right to the page to sign up.
Follow me on X at Paul Baron. We'll catch you
next time right here on The Paul Baron Show.
Welcome back into the show. Today, we're going to be
diving in to light coin, a project overview. We're going
to have a special guest for you, so you don't
want to miss it. Let's get started. I do want
to thank our sponsor and that is Tangum. This is
where you guys can get into self custy. There's a
few things you can do with Tangum. One of the
coolest things is actually set it up with your phone.
It works like a credit card, an Android device and
(00:20):
Apple device, very simple to get going. If you're brand
new to self custody, this is the one for you.
It's a hardware device, so it is one of the
most secure out there. And another thing that is really
cool about tangem it takes no time to get it
set up. It's like three minutes to get it going.
All you have to do is visit tangum dot com
use our link down below. It's going to give you
a little bit of a break and get you going
(00:41):
on self cussing.
Speaker 2 (00:42):
Let's get over to it today.
Speaker 1 (00:43):
I do want to bring in David Schwartz coming in
from Like Coins Foundation into the show. How are you, hey, Paul,
how are you doing Yeah, thanks for coming in today.
So I want to first kick off a little bit
with like coin in terms of any kind of updates
that you can share with us. We're going to be
talking about ETFs and treasuries, but anything that is brewing
(01:05):
right now within the foundation that you can share.
Speaker 2 (01:07):
Yeah. Sure.
Speaker 3 (01:08):
I think one of the coolest parts is we just
had a new native wallet launch in May end of
May called Nexus Wallet Okay, and I think the great
feature about that is it has the regular light Cooin
addresses that everybody is used to, but it also has
an optional privacy address as well, so you're able to
(01:30):
either keep it in the regular addresses or put it
in one of the optional private Okay addresses, which means
the totals covered and when you interact with other addresses,
the amount that goes back and forth is shielded.
Speaker 2 (01:43):
Too.
Speaker 1 (01:44):
Interesting, all right, So that's good news.
Speaker 2 (01:46):
You know.
Speaker 1 (01:46):
I've been following like cooin for quite a while. The
marketing I think is brilliant. I was looking at your
Twitter account, which is significant in terms of size, but
you guys have some really good fun times with it.
I think it's first of all, it's good to see
project like this that kind of don't take themselves too seriously,
have a little bit of fun with it. I love
that one on the but you also get into some
(02:08):
details there. You got set a little big ken Griffin
which is very involved into what you guys are doing.
Let's talk a little bit about the treasury side of
things and also ETF will get into that in a second.
When you look at the market right now, David, and
you kind of see what has been happening with eth
Bitcoin now other potential projects starting to look at treasury companies.
(02:31):
Do you think this is a short time market bubble
or do you think this is a long term strategy
that might be developing.
Speaker 3 (02:39):
Yeah, I think it all depends on the strategy that
the Treasury is taking. If it's one where they basically
purchase the crypto and then sit on it, there could
be a shorter shelf life to it. If it's one
where the Treasury as what we're recommending myself and Charlie
and the Foundation, any company that's looking to do a
(03:00):
treasury play with like coin is not just to invest
in the in the coin and hold it, but also
allocate some of those funds that they're receiving through equity
or otherwise and actually investing it into the ecosystem to
support the infrastructure and the companies that are building on top.
And in that way they you know, they're able to
(03:22):
gain some yield off of being VCS within the space,
or they take some of that like coin and they're
putting it into something that creates a yield and they're
getting that back. Then that helps the stockholders want to
retain that stock beyond just the promise of like coin
number go up.
Speaker 2 (03:38):
Yeah.
Speaker 1 (03:38):
Well, I think that has been maybe the killer app
to develop. I think the smarter investors probably are looking
for that now we've already seen it in the e ecosystem.
BTCS is one that kind of comes to mind they
do that right now, We'll probably see more even with
Tom Lee's company BM and R of being able to
enrich the company through you know some of the active
(04:00):
you're talking about, you guys zero down time for twelve years.
So this has become kind of I like this statement, right,
institution's value the kind of reliability kind of like digital silver,
which is cool when you look at investors now, guys
like Ken Griffith and others that are starting to get
behind this. Do you feel that traditional investors are ready
(04:22):
for this kind of asset. I would like they are bigcin, yeah,
like they are big.
Speaker 3 (04:27):
One, Yeah, I would I would say yes. And the
reality is, as human beings, we normally just don't settle
for something even if it's treating us very well, and
so wandering eyes come, and so they want to look
at what other asset classes within cryptocurrencies are something that
they could potentially invest in, and like Coin's probably if
(04:49):
not the most underrated and underpriced according.
Speaker 2 (04:53):
To their actual metrics.
Speaker 3 (04:55):
I can't think of another one, but it would be
something where I would think, you know, being someone who
buys shares of stock, dividend stocks and whatever else, I'm
always looking for where all the fundamentals are screaming by,
but at that moment, it looks like it's just been oversold, right,
And so like coin falls conveniently right into that type
of an asset for somebody to invest in.
Speaker 1 (05:18):
Well, when people don't want direct exposure, they typically go
through the route of ETFs. Here's Eric Balschunez talking about
that very thing like coin ETF. Now all the boxes
are checked, likelihood is we could get an SEC approval
of these kinds of programs, the one that we're watching
right now, like coin and also XRP, and you of
(05:39):
course have Solana also kind of in the running right now.
Speaker 2 (05:42):
Do you think like coin and.
Speaker 1 (05:43):
XRP will be the first that actually get a new
spot etf You.
Speaker 3 (05:47):
Know, it's interesting if you would have asked me this
probably five or six months ago, when this was still
fairly fresh, I would have told you that absolutely like
coin would be the first because of the manner which
things are filed, the question marks that were lingering around
XRP and Solona at the time, it just seemed like
cooin literally was a clear cut copy and paste of
(06:10):
all the requirements that were expected of bitcoin when it
was you know, approved, And yet here we are today,
none of them have been approved yet, and it almost
feels like it's going to be some sort of mass approval.
Speaker 2 (06:24):
All at one time.
Speaker 3 (06:25):
I'm not saying that's what all happened, but it just
sort of I just sort of get that vibe from it, Okay,
is that you know?
Speaker 2 (06:31):
Is that fair or not? I mean, it all depends
on which one you're rooting for.
Speaker 1 (06:36):
I guess, right, well, yeah, and I think you know
the market itself, it's usually the first mover always wins.
You look at ibid with with bitcoin, it has been
a big one to a certain extent. I feel like
eth maybe got a little bit more of a leveled
playing field because you have a lot of treasury companies
playing for top dog. Whether it's S better, BM and R,
et cetera, but definitely a lot.
Speaker 2 (06:56):
I want to play a clip for you.
Speaker 1 (06:58):
This is talking Charlie talking about like coin versus stable coins.
I want to get your opinion to take a look.
Speaker 4 (07:04):
Stable coins are good for payments also, but we see
people using like cooin more because like coin is a
better store value. People like to use store their money
in crypto and bitcoin in like cooin, similar to how
people store money in gold and silver being better of
store value than FIA currencies.
Speaker 1 (07:22):
So do you guys feel that that is maybe the
destiny for like coin is more of a stable asset
that we could see traditional investors moving into like a
stable coin or do you think it's still a speculative play.
Speaker 3 (07:36):
Well, I think everything's a specuative play still at this
point to some degree. But I feel like like coin
is in this very unique position to where it can
play as a store value and for merchants as well.
Speaker 2 (07:49):
So like if you look at bit pay, coin.
Speaker 3 (07:52):
Gate a few of the others that do crypto payment processing,
like coin is either number one or number two for
total payments a month, right above all stable coins. So
like coin led for two years actually on bit pay,
blowing away all the stable coins that were on.
Speaker 2 (08:09):
There, and they just surpassed.
Speaker 3 (08:12):
I think it's USDT on coin gate and is now
in the number two position behind Bitcoin and coin gates
to one of the most popular ones in Europe. So
I think there's something to be said for people who
are holding on to their light coin or bitcoin or
something that is considered a store of value and then
using it as a payment method later, versus holding it
in stable coins and then losing purchasing power over time,
(08:35):
just like with FIAT, since that's what it's mostly backed by.
Speaker 1 (08:39):
I want to hit on a few points within this
because I want to kind of shift over to the
potential of securities and especially tokenized I should say tokenized treasuries,
but more on the side of how some of these
companies are starting to move. This is emmy I Pharma.
They're the one that is going to be potentially a
like coin treasury a couple of points within it. One
hundred million to launch, that's a big deal. And you
(09:01):
also have Citadel that is behind this as well. So
with all of that occurring right now, along with Citadel,
along with the fact that you guys are launching, when
other treasuries are starting to move into the market, do
you think there's going to be too many in the
market to where you can actually get the attention to
draw an investment.
Speaker 2 (09:21):
What's your thought? Yeah, you have to be careful with that.
Speaker 3 (09:23):
You definitely don't want to oversaturate a play like this,
And Charlie has even mentioned that, and I agree that.
You know, if you have one in the United States,
really solely concentrate on that one and build it up
as best you can.
Speaker 2 (09:38):
We have one in.
Speaker 3 (09:39):
Canada called lux Folio that has it as a treasury
as well. That would be the only one that we
would really try and necessarily give a lot of support
to or advise. And then you know, if it's sprinkled globally,
like like coins, a global payment system, anybody can use it.
There's no boundaries, and so why not have some treasure
(09:59):
plays in other countries. So I would recommend maybe looking
at getting you know, getting it entered into some other
exchanges around the world in those geographic areas versus I see, Okay.
Speaker 2 (10:11):
Having them all piled within the United States in the.
Speaker 1 (10:14):
United States, Well, listen, the United States, that's where you know,
that's where the most of the investment is occurring in
these ets. They're by far the number one country out there.
But back to your point earlier in the interview, you
mentioned that treasury companies should be investing back into the ecosystem,
et cetera. Do you know of any plans from em
(10:34):
i p's launch if they're planning on something other than
just holding the token.
Speaker 3 (10:39):
Yes, we've had these conversations with them, and their intention
is to look very intently at adding mining into the
into the treasury playing okay, you know, hopefully like supporting
things like our annual Likecoin summit, which we just had
this last May rely next to the Bitcoin conference, yep,
(11:03):
and then investing potentially in some companies that will end
up building out the eco or the ecosystem or the
infrastructure on like coin for DeFi and smart contracts and
things like that.
Speaker 1 (11:15):
All Right, So, David, let me play this clip for
you to kind of break down the way the community
is taking a look at this as well.
Speaker 2 (11:22):
Take a look at hitcoin.
Speaker 5 (11:24):
Just got bought by a holding company. And guess who
bought into the holding company.
Speaker 2 (11:27):
Charlie Lee.
Speaker 5 (11:29):
Charlie Lee, if you remember, he's the guy that started
like cooin when he was working at coinbase, and then.
Speaker 2 (11:34):
He sold out.
Speaker 5 (11:34):
He betrayed all his community and all his followers by
selling all of his light cooin at the top, was
it like twenty seventeen or twenty nineteen or something like that. Ridiculous.
He made tons of money. And then you know what
he did with his tons of money, He made tons
more by just buying bitcoin. So now he's super super rich.
And then guess what he does. He buys the company
that just bought all of light coin. Why because they're
(11:56):
going to drive to push light coin through to Wall
Street using an ETL and all the corporations are going
to buy like coin now.
Speaker 1 (12:03):
All right, So you get the pushback there from the
audience from the community, My question is how do you
respond to that.
Speaker 2 (12:11):
I've never even heard of this guy.
Speaker 3 (12:12):
And I can tell you the community, the ones that
have been loyal through this whole thing, understand that actually
Charlie did it out of avoiding conflict of interest. I mean,
if you're going to have a decentralized crypto currency, and
every time the man posted a tweet it was going
up and down.
Speaker 2 (12:27):
That's a lot of that's a lot of.
Speaker 3 (12:29):
Undue hardship on him and on the community or anybody
that's investing in it. So it was just logical, Like
he divested at an average of two hundred and five dollars,
which is half of the all time high, so that's
not even close to the peak, right, and then he
takes it money and he reinvests it. He's our top
(12:49):
donor for a cooin foundation is probably ninety eight percent
of everything that we run off within a year, right,
So he was putting it back into the ecosystem. And
then now he buys into this this treasury through i P.
You know, now he's I suppose indirectly in the game
again by investing in it.
Speaker 2 (13:08):
But he did it.
Speaker 3 (13:09):
He did it to signify his faith and his ability
to understand what i P was doing and that he
agreed with it, right, and then he gets put on
the board in order to make sure that everything runs
the right, the right way, the light coin way. So
I think all of it is very very positive.
Speaker 1 (13:27):
Okay, all right, well listen, we're going to be doing more.
We're going to cover light coin a little bit more
because we're getting more people out there asking about it.
So we'd love to have you back on. But thanks
so much for coming in today. We appreciate it.
Speaker 2 (13:37):
Thank you, Paul, I appreciate it.
Speaker 1 (13:39):
You bet, are you guys? If you are not in
the Diamond Circle, make sure and get in that right now.
It's our own private group that you can be part
of it absolutely free. Will leave a link down below.
All you have to do is click that. It's going
to take you right to the page to sign up.
Follow me on X at Paul Baron. We'll catch you
next time right here on The Paul Baron Show.
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