Larry Fink Buying Dip?🚨Altcoin Stimulus Incoming🚀

Episode Transcript
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Speaker 1 (00:00):
Larry Fink is in Hong Kong breaking down where the
markets are today. We're going to get into it for you.
You don't want to miss it. Let's get started. I
want to go straight into our sponsor, and that is Coinbase.
This is where you guys can get into your own
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(00:21):
when bitcoin is having a hard time around one hundred
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You're going to kick yourself if you're not going this direction.
So use our link down below get started. I want
to lead off with the first clip here, and this
of course is getting into what Larry Fink had to
say at the Hong Kong Monetary Authority meeting.

Speaker 2 (00:44):
Take a look today, there's about four point one trillion
dollars sitting in digital wallets. There's just too many middlemen
in so many different areas. If we could tokenize ETFs,
all five point three trillion dollars of our ETFs and
provide that in a digital wallet, you could seamless see
without fees going from a digital currency or a stable

(01:09):
coin or whatever that may be in your digital wallet
and buy bonder stocks. And I believe that is going
to be the future, that is going to happen sooner
not later.

Speaker 3 (01:19):
Well, thank you, Larry. I think that's a perfect entry
point for me to do a little bit at advertisement
for Hong Kong. We have a project Ensemble which are
getting some name internationally, which really aims to provide a
pretty unify and and good platform in the connection for
different asset layers and then different payment means, whether it's

(01:40):
a stable coin, tognized deposit and whatever, and hopefully to
create a seamness system for everyone. So I encourage you
and your firm to we'll be standing right hand with us.

Speaker 1 (01:52):
And I think is all in on tokenization. He sees
the future. What really caught my end ear was the
fact that he is much more bullish on when this
is going to happen. So apparently an accelerated pace coming
at crypto in a big way, and there's only a
few things that could really drive that stable coins, regulatory
and of course adoption HKMA of course got their thirty

(02:14):
six stable coin license applications done, so this will open
up Hong Kong in a big way. It is one
of the cornerstones kind of the New York of the
middle of the Southeast region. And I think that's the
bigger point going forward is all of this starts to
get into the future of where digital assets are going.
And fink Is himself is kind of going into this.

(02:34):
This came in from their report. Notice here a couple
of points I want to get into this, and this,
of course is the settlement on tokenized assets aptos right
there leading the way. Then of course you got standard Charter,
Black Rock, et cetera, MasterCard, Big Wall Street, and big
banks moving in quickly. You can kind of see this.
This is a bitdle, of course, but you can kind

(02:55):
of see this expansion right here. Let me zoom in
on that for you guys, so you can kind of
see this is the prior to yesterday and then the
explosion into a variety including what we're seeing there in aptos, avalanche,
et cetera. What does that mean. This means we're going
to see a lot of chains benefit from this, and
I think the ones that have both a tokenized future

(03:17):
and partnerships in place are the ones that are going
to be the winners out there. Franklin Templeton launches their
tokenized USD money market, also in Hong Kong, again trying
to race to where this market because this market is
ready to go where the United States is still kind
of get going. But I think once the US gets
behind this, which they are now, we're going to see

(03:38):
an acceleration path. And this is something I'm hearing more
and more coming out of even the Swell conference, is
the amount of people that are talking about where this
is going and that it is just getting started. Wall
Street has finally woken up to this. Other points right
here's the Benji investments. They too, are also exploding across

(03:59):
a variety of platforms including base, Stellar courses, They're hard
line and even Ethereum, Avalanche, et cetera. So other news
I want to hit on right here is Animoka Brands
is joining forces with Hong Kong again for this stable
coin licensing push. A couple of points behind this, I
want to go to a couple of clips here, but
the key here is Animoka has been at the forefront

(04:20):
of Asia for a very long time, and it's not
always been just crypto. They've also done some gaming projects,
et cetera that have played into this. This is Yatsu
talking about how they're positioning for an IPO here in
the US. Take a look. It's Animoka should be here
in the United States. I'm going to try to help
President Trump get you here for your IPO. So I'm

(04:41):
just trying to get you to commit. I'm just trying
to get you to commit. You're going to have a
million investors. You're going to have a million investors if
you bring it to the United States minimum a million.

Speaker 4 (04:53):
Well, I look forward to that.

Speaker 5 (04:55):
I look forward to Sonnymoca Brands planning to go public
on the NASSAK Stock Exchange.

Speaker 4 (05:00):
I mean, I think the messaging here is clear, and
Amoka intends to return into the capital markets in the US.

Speaker 5 (05:06):
You've actually called yourself a lever bet on out coins
at a time when we're actually seeing these out points
underperform even Bitcoin.

Speaker 4 (05:13):
Well, I mean, first of all, I think it's a
buying opportunity from our perspective because we have essentially the
lowest enterprise on all coins. Out cooins is actually where
all the gowth and activity is happening on chain with
digital assets. Gold is a twenty seven trillion dollar asset.
But if you add all listed companies in the world
rough on hundred twenty eight trillion dollars in the private companies,
which about a plus eighty trillion, you've got two and
are trillion dollars of market cap. Visa ve goals twenty

(05:34):
seven trillion dollar market cap. And again, people aren't using
gold per se, but they're using Apple or Google or
Amazon or all these applications. Whether it's playing games, or
whether it's using DeFi protocols, or whether it's finance, or
whether it's air protocols, they're actually all happening in the
out coin space. Our belief is that all coins is
actually going to be outperformed Bitcoin as a collective, not individually.

(05:56):
That means, you know, you have to have basically an
outcoin basket if you will, and I think we're one
of the best companies position to do that. And so
speed to market does matter here.

Speaker 1 (06:04):
We think they represent almost the entire Web three community.
And when you think about that, going to Wall Street
being able to trade twenty four to seven. Eventually, when
we see token is securities come into play and they
will be the leader of it and the community that
is behind Anamocha, that is also behind all of those
different projects and brands. That's exactly what Yacht Sue is

(06:28):
talking about. And this could be a stimulus into the
all coin market, which he was referencing kind of in
comparison to what the gold market is doing. But I
think there's a hidden component here that people aren't completely
connecting just yet, but they will listen to this clip
because this is Yat Sue's talking about Apple. Take a look.

Speaker 4 (06:48):
We were one of the biggest certainly top ten mobile
game developer in twenty twelve, market leaders in gaming. We
pretty much owned the charts at the Apple. We were
like twelve at the top twenty wow, so we completely
dominate the charts. But we're based in Hong Kong and
some dude basically in California, in Kupertino, and Apple was like,
we don't like these guys, and someone just pressed the
button and said we're bad guys. Overnight they removed all

(07:10):
apps literally just.

Speaker 1 (07:12):
To be clear, they deep platform all of your app
from app Store.

Speaker 4 (07:16):
Overnight. The Apple's become the bad guy. Can you imagine
they're the criminals now in a way, right, especially when
you think that the Clarity Act is probably going to
come out soon. Every company in the world and especially
in America, are all going to tokenize in one way
or the other, and there's just not enough people around
there who know what they're doing.

Speaker 1 (07:31):
I think this could be a play for Anamocha to
become the next maybe Web three app store that eventually develops.
Imagine that as a publicly traded company, getting injections of
capital and exposing this all coin market, which is all
these different projects, games, et cetera that really are the
heartbeat of Web three. A jumper of politics real quick.

(07:52):
Of course, everybody knows New York City Merril elections came through,
so on Mandami Donnie has made the way pretty much
wrapped up New York, almost like a landslide really if
you compare it, because even all the Republicans can piled
together were not able to defeat this guy. So this
may play out interestingly around New York. But the cool

(08:15):
thing about this is not necessarily the election itself, but
it was how this election was looked at. So polymarket
is rigged, crowd as awfully quiet, tonight. This was in
reference to the fact that they called this race. And
if you continue to see this kind of performance with
polymarket and the connection to crypto, then you start to
see the performance starting to make its way into mainstream.

(08:38):
Now this is CNBC talking about polymarket and trying to
digest this. Take a look.

Speaker 6 (08:43):
Mondami has more than fifty percent, and even if you
were to factor in the SLIWA vote, it looks like
zero and Mondani would have still won. President Trump said
that Republicans lost yesterday because he wasn't on the ballot.
I'm fascinated by just how big the win was, four
zero on Mundane. I thought it would be closer. I'm

(09:03):
fascinated by some of the polymarket results in terms of
how frankly close these elections were, but how the polymarket
wasn't close. I don't know what that says about anything.

Speaker 7 (09:15):
And I thought Polymarket was incredibly good. I mean, it
was ninety ten. It was never got anywhere except ninety
ten from him. That never was any question that he
was going to win, and it never got more than
nine really ninety ten, and there was never any waffling.
I mean, I didn't wait up for any of this.

Speaker 1 (09:32):
If poly market is this accurate, and we're starting to
see really a new revelation around a lot of these polls.
I think everybody is looking at that now if you
go into some of the other factors that are coming
in right now. The Supreme Court rules in favor of
Trump's terrorists is a question on polymarket. This of course
dropped dramatically overnight. If they are right again, they have

(09:55):
gone from what was at least not even a fifty
to fifty which was here what was that yeah September
fourth when this went in, and now here we are
right now. Most likely this could be a big win
for a lot of the people out there who are
against tariffs. If you're not against tariffs, I completely understand.
But the point is is whether or not the president
is going to have powers or not is set up

(10:17):
to the Supreme Court. Looks like the Supreme Court may
rule against President Trump. CNBC also came back and said, well,
maybe we should be playing this a little differently, looking
at what's happening on polymarket. Take a look.

Speaker 7 (10:30):
Tariff policy and Amon Jammers. You can also look at
this on polymarket case. Only thirty five percent chance of
the President prevailing yesterday, we saw it, Amen, there were
people betting two million dollars on Mamdani to make one
hundred thousand dollars. No, it wasn't though, was it.

Speaker 8 (10:50):
Really?

Speaker 4 (10:51):
It's not if it's a sure thing, but that is,
it was a sure thing. That's a huge risk to take.

Speaker 7 (10:55):
But that shows why it's aiming instead of polls. Now
I'm taking Joe.

Speaker 8 (11:00):
Yesterday, somebody tweeted this at me, betting during the White
House Press briefing on the next word that Caroline Levitt
will say. And one guy had bet seven hundred dollars
at the next word was going to be China. And
I asked her a question about China and he was
like celebrating online and question streaming himself betting. You asked her, no,

(11:23):
But this opens up the whole revenue stream for.

Speaker 4 (11:25):
Me, right, Oh man, don't even joke about that.

Speaker 8 (11:29):
I mean, let's talk about the Supreme Court, which is
why I'm here this morning.

Speaker 1 (11:32):
Okay. So now we have CNBC joining the DJing crowd
apparently around this and uh, with all of this being said,
and you look at what we're seeing still coming in
from token is securities. What we'll see in terms of
web three all coins maybe with the Anamoka ipo. Now
we got to go back and look at the bitcoin
market because that's really where a lot of this liquidity

(11:54):
is going to be coming from. Here is Chris Familion.
We've had him on the show before, and he's talking
about big coin in its current position. Take a look.
Bitcoin is not outperforming stocks in a bull market.

Speaker 9 (12:06):
I do feel like Bitcoin's loss. It's shine, you know,
Ethereum got some good traction, really took a lot of
focus away from bitcoin, golds back to life. People move
to where the money is and where the trends are,
and Bitcoin just doesn't have that right now, you can
feel it. This is just the sentiment. I usually get
lots of emails and questions on this stuff. There's not
interested in bitcoin. They're wondering where else to go.

Speaker 1 (12:28):
All right, So there you have it. A lot of
traders now it's taking a look at bitcoin not being
necessarily digital gold gold is gold, and of course eth
possibly on the next flight in terms of up. So
we're watching that one very closely. Another thing that is
a narrative that is brewing is the connection between stable
coins and of course ethereum. Take a look, I think.

Speaker 6 (12:49):
It's also important to know you're saying it's being all
these stable coins are being built on a theorem.

Speaker 4 (12:53):
Is it Theoreum going to see a big boost as
more stable coins get built on there, or.

Speaker 5 (12:57):
Is it just simply a platform.

Speaker 10 (12:58):
It is a platform, but the platform gets huge boost
because every time you do a transaction on Ethereum, you
are using some ethan network currency, using transaction processing power.
If you want to have any kind of item that
somebody wants to buy denominated in these stable coins, you're
also going to put it on the Ethereum network. And
that's why we're seeing this incredible growth of Ethereum layer
of two networks.

Speaker 1 (13:17):
There you have it, guys, tokenomics right there on the
front page of CNBC. And again, this is still new
to a lot of people, so it will take some
time to kind of make those curves occur. One of
the things that we'll do it is credit and this,
of course is just showing Visa's stable coin volume. Now, granted,
this began back here in September of twenty twenty three,

(13:37):
actually December of twenty twenty three, so we're rolling in
on really just two years. But look at this bell
curve lining up now. Yes, Paul, it is only two
hundred million. I understand that, guys, But when you look
at the fact that Genius Act was not through, Clarity
is still not through, and the fact that we don't
have Wall Street fully at the table yet even though

(13:58):
there's a lot of signs they are already there and
they're pushing you to sell everything right now. That's the
idea that's going behind all of this. So I think
this is just building up, and of course all that
points to Ethereum. Ethereum also pulling off what was a
high performance right now in terms of their transactions per
second and fees being cheap. This is big because Fusaka

(14:20):
is just around the corner and of Fusaka, just so
you guys know, I know many of you guys will say,
what the heck is for Fusaka. This basically makes Ethereum
ridiculously fast, even faster than all of Visa, faster than
all of the credit card markets out there combined. That's
the kind of transaction throughput that Ethereum will be able
to handle once Fusaka is deployed. That's a big deal, guys,

(14:43):
because it starts to reposition the entire financial system and
how transactions will take place. That's why I think Ethereum
continues to be the shiner right here. Other things out there.
Stable coins are now getting even more performance out there.
I'm not saying you guys should go do this, but
this of course is over and flow and an example

(15:05):
of how they're leveraging it. And this of course is
leveraging the stable coins both on USDC and PayPal in
terms of some of these yields. I don't know if
many of you are into degions and into DeFi like that,
but if you are, this might be something to kind
of consider other things I want to get into, because
this is another factor we've been calling for the last

(15:26):
few days, is that there are some clear signals that
this government shutdown is nearing an end. Now does it
happen this week? Let me go to this clip. Take
a look.

Speaker 11 (15:38):
The stars may start to align, because they'll take a
day or so in which they celebrate some of their victories.
But then I think we can get back down to
actually and this place opened up again. We'll probably have
to modify a little bit the Continuing Resolution three bills
already that we're ready to go attach that to a
Conference Committee extension to maybe mid December, and that way
the Democrats don't have to say that they capitulated totally.

(16:01):
They can say we wanted to get back to appropriations
and then we can move on right away into the
other appropriations bills that I've already passed the Senate. I
think if we do this correct, we can take some
lemons and maybe make a little bit of lemonade.

Speaker 1 (16:13):
Reason this is important is this is the second member
of Congress that has come out and talked about this issue,
and that is that the Democrats could be on the
cost of actually coming back to the table and getting
this done. If that happens, that will be another boom
into the market. The markets will move, and it's possible
we could be seeing a rotation right now out of

(16:35):
bitcoin and moving into some other assets. Now, the key
thing that will make other assets move is clarity. Clarity
is the key thing. So the real question is will
it pass this year? Take a look at.

Speaker 8 (16:48):
This clip a market structure bill.

Speaker 7 (16:50):
Overall, it's still moving forward, full steam ahead.

Speaker 6 (16:53):
You know, we are maintaining you know, before the end
of the year, the President wants that piece of legislation
on his desk.

Speaker 7 (16:59):
We heard it here. By the end of the we're
in there you go.

Speaker 11 (17:01):
The future is very bright for this industry.

Speaker 6 (17:03):
When we get this build on, consumers are going to
be offered better products, more efficiently, lower cost. That's a
victory for everybody, not just Republicans or Democrats.

Speaker 8 (17:12):
Earlier this morning, Ripple announced a five hundred million dollar
investment from led by Fortress and Citadel, some of the
biggest names in finance.

Speaker 7 (17:21):
It is nice to take a moment to see kind of.

Speaker 1 (17:23):
How far we come, all right, So, of course that
was Brad garling House setting down with Patrick Witt, who
is the executive director of the President's Council of Advisors
for Digital Assets, working with Sachs. So the point being
is that they were getting into is Claritiac is going
to happen, and the fact that we're going to see
this unlock on all sorts of new products. This goes

(17:44):
even into some of the announcements that Ripple made with
MasterCard Gemini using ourlusdas settlement. We'll continue to see the
connection here. We kind of talked about that in the
beginning of the show, and then of course the big
announcement was their their announcement right there of the strategic
investment by Fortress Citadel, which you remember Citadel setting at
the beginning of the episode over in Hong Kong. These

(18:05):
guys are in cohoots on how this market is going
to move, and of course Ripple an XRP could be
right there in the middle other things. To look at.
The potential on the Clarity Act being signed into law
this year starting to rise right here, Let me kind
of zoom in on that for you guys. This had
almost i'll say, less of a chance right there at
the beginning of November at eighteen percent, and now all

(18:28):
of a sudden, here we are at forty two percent
as of November fourth, So a fairly large movement right
now on poly market of getting this done. All we
need and I think will be the fact that we
get a government shutdown removed. And I think at that
point you're going to see light speed moving toward the

(18:49):
Clarity Act heading into the holidays. This is a good
statement right here all y'all getting fooled by Wall Street.
You literally can't stop what's coming. They're going to try
to shake you out. I agree with that. Put out
a tweet yesterday I just said simply said, Hotal. But
this is all pre Clarity Act, because imagine where this
market is going to be once Clarity comes into play.
The amount of new products back to what garling House

(19:11):
was talking about there, I think it's going to surprise
you because the amount of new products that are coming
to the United States, the amount of companies that are
now coming in that understand where this product fit works,
and where crypto is going to be a big part
of it. I think that is just beginning. So this
is just the rails and the framework to get things rolling.

(19:34):
Be ready, guys, this is a big one. One last
point that makes me feel we are close to the
finish line is this tweet right here. This is the
American Bankers Association. They're dropping in right here that they
are trying to fight like hell to make sure this
does not get passed through. And of course Genius as
well as Clarity is going to change that. But Genius

(19:55):
Act is very clear, Yes, you're going to be able
to earn yield on this within your exchange is not
the issue or But I think the fact that banks
continue to try to fight this, with both the lobbying
groups and the banks themselves is only showing that we
are this close to making it all come true. So
if you guys are not part of the show audience,

(20:15):
make sure and subscribe right now. And of course we'll
take a quick look at Bitcoin as it starts to
correct off of what was a little bit of a
scary moment as we dip down to ninety eight thousand,
nine hundred bitcoin now holding at one oh four, climbing
out of what was a major adjustment to that because
it was a big deal and Ethan was kind of

(20:35):
in the same boat. Now recorrecting after dropping to what
was right at three thousand, did not break the three
thousand mark, but now holding at thirty four forty seven.
As we record, XRP also dipped into the zone of
two oh seven, did not break the two dollar mark,
and is now back on its way to two twenty
eight again. These might be the points where we could

(20:58):
see some all coin rotation. With everything that we are
seeing right now, Clarity Act, government shutdown, and what we
could see around both the FED in December, a lot
of things happening right now are on the ground, balls
in the air. We'll see where it goes from here. Alrighty,
you guys, make sure and subscribe. If you're not already
subscribed to the show, you can also join the Diamond Circle.

(21:19):
It's just a link down below.

Speaker 2 (21:21):
Just click that.

Speaker 1 (21:21):
It's absolutely free, and then of course check me out
there on Twitter at Paul Baron. We'll catch next time
right here on The Paul Baron Show.

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