00:00 Speaker a
The crypto community has been calling for agencies for so long, right? Institutional adoption finally happened. So, how do you view the dynamics between institutional ownership and retail ownership and the two now? Because they do tend to behave differently in other asset classes at least.
00:37 Speaker b
Yes, absolutely. You know, one of the things I love about cryptocurrencies is that it starts in retail games. Well, this is driven by what I call Bitcoin, the people, uh, the people’s currency, because it’s the democratization of money. Well, the agency is here. We are so glad they are here. Last week, I was just talking on the Twitter Space podcast about what kind of dynamics happened here when institutions came in. Well, we invited them. We brought ETFs. Uh, we introduced all these layers to make them part of the process. Well, I’m really excited to see the financialization of assets. So I think institutional adoption is the legalization of assets, but now we will enter the financialization of assets, even if using Bitcoin will not only accumulate, but also use it as operating expenses, and also use it for output. You already have the phone call, you already have the bet, and all the other tools that are playing that were not used four years ago because we have regular regulatory uncertainty.
02:35 Speaker a
And, is this stable coin adoption good for Bitcoin, right? Why is this lending to the ecosystem, not just for stable coins?
03:01 Speaker b
So, stable coins are really our way, the way the world is, not my way, or our way, this is the way the world gets rid of middlemen, e-commerce and online transactions. Well, so now, a lot of things have to be paired with the dollar or some other fiat currency and then paired somewhere else. Stable coins are indeed designed. We used them as cryptocurrency figures during the day in the past because we cannot access specific coins from specific exchanges. Now, they will be used to resolve and complete e-commerce transactions. It’s a whirlwind of change, I think it’s a kind of curtain, but it will show its face. Apart from that, now you are in a USDC, USDT environment. So if you are a merchant service provider or e-commerce provider, you accept payments for stable coins now, and you just pair those payments with digital assets that may be part of the Treasury you are moving forward. So they are in harmony with each other. They are not actually mutually exclusive.
