JPM Coin

How about you just buy Bitcoin and hodl? Hmm.

How about that? JP Morgan brings JPM coin to Ethereum.

That's a good thing.

JP Morgan expanded JPM coin.

It's token representing the dollar deposits in the bank into Ethereum for its institutional clients.

Until now, it should be Morgan's blockchain settlements infrastructure was largely centered around its private network.

It's just not going to happen unless they want to expand into anybody being able to buy JP Morgan's stable coin or the JP dollar, if you will.

Right.

Whether or not they can do that I think is an open question, but getting to market quickly I think is the sort of imminent incentive here, which is why you're seeing a lot of these partnerships that we've talked about for the past 12 months plus months but i mean schwab is a 13 trillion dollar uh firm brokerage firm that's across around 40 million accounts um and its clients already have like pretty significant exposure to some of the um etp and etf products which i think is what prompted effectively these moves is them seeing uh capital flow from you know these brokerage accounts out to these ETF products, which they can't monetize as well relative to building trading in-house and being able to charge 75 pips of trade.

So I think this makes a lot of sense for them, but it remains to be seen whether or not they can take that next leg of the journey and and in-house a lot of this stuff uh related to this was um jp morgan bringing jpm coin uh to ethereum so i think this was first teased like over a year ago that they were working on this but jp morgan uh has deployed jpm coin its dollar deposit token on ethereum made net uh today for institutional clients um and yeah it says after about a year after launching on base um which is an ethereum layer two uh so i guess now it's on main net but um the other thing here was uh just anecdotally i saw a commercial like a tv commercial for e-trade uh e-trade crypto which is um morgan stanley bought e-trade i think in 2020. um this is just a slew of things headed in that direction that we've talked around um the the wall street firms the incumbents um moving towards digital assets integrating these things turning things on uh partnerships etc so what do you guys make of any of these headlines

Yeah, I mean, I think this is obviously very bullish for the adoption proliferation of Bitcoin and digital assets.

I think it's what we've been talking about.

They're launching a global money platform, and this is connected to 40 currencies across 200 countries.

so really powerful news and the second news another institutional news and this is connected to jp morgan and the news essentially causes that jp morgan jpm coin it is now going to be available on ethereum so we'll go ahead and discuss the impact of this particular news now the third news satoshi according to me is a really interesting news and this is connected to charles hoskinson now look as you should know by now that charles hoskinson was one of the co-founders of ethereum and later on he started cardano Now, he's on the verge of launching a new programming language for Cardano, and the whole idea is to help developers coordinate trades, verify information, as well as many other things.

So, in today's episode, we'll go ahead and share more information regarding this.

Now, the final news for today, Satoshi is connected to Revolut, and they've got a regulatory license in Jebel Tower.

Really interesting information.

Some are right in saying, despite the process going down, at a macro level, things are definitely shaping up better than ever, isn't it?

George, these developments represent a massive institutional move, with MasterCard integrating 40 currencies globally and JP Morgan bridging JPM coin to Ethereum.

Furthermore, Charles Hoskinson advancing Cardano alongside Revolut's Gibraltar license showcases significant infrastructure growth.

JP Morgan, we talked about this yesterday.

They brought their JPM coin to Ethereum for institutional clients.

And then more interesting, I tweeted this, JP Morgan Asset Management.

Included Bitcoin in their long-term return forecast for the first time, they project 10% annual base case returns over the next decade, compared with 7.5% for stocks, 5.5% for gold.

Whether or not they can do that I think is an open question, but getting to market quickly I think is the sort of imminent incentive here, which is why you're seeing a lot of these partnerships that we've talked about for the past 12 months plus months but i mean schwab is a 13 trillion dollar uh firm brokerage firm that's across around 40 million accounts um and its clients already have like pretty significant exposure to some of the um etp and etf products which i think is what prompted effectively these moves is them seeing uh capital flow from you know these brokerage accounts out to these ETF products, which they can't monetize as well relative to building trading in-house and being able to charge 75 pips of trade.

So I think this makes a lot of sense for them, but it remains to be seen whether or not they can take that next leg of the journey and and in-house a lot of this stuff uh related to this was um jp morgan bringing jpm coin uh to ethereum so i think this was first teased like over a year ago that they were working on this but jp morgan uh has deployed jpm coin its dollar deposit token on ethereum made net uh today for institutional clients um and yeah it says after about a year after launching on base um which is an ethereum layer two uh so i guess now it's on main net but um the other thing here was uh just anecdotally i saw a commercial like a tv commercial for e-trade uh e-trade crypto which is um morgan stanley bought e-trade i think in 2020. um this is just a slew of things headed in that direction that we've talked around um the the wall street firms the incumbents um moving towards digital assets integrating these things turning things on uh partnerships etc so what do you guys make of any of these headlines

Yeah, I mean, I think this is obviously very bullish for the adoption proliferation of Bitcoin and digital assets.

I think it's what we've been talking about.

Today, we get earnings from GE, GM, RTX, Northrop and 3M before the bell.

Now, Ethereum, where JP Morgan is bringing its JPM coin deposit token on-chain so institutions can move money around the clock, and Tom Lee's Bitmine scooped up another 12,500 Ethereum.

Stablecoins had a big day as well, with Visa teaming up with Mesh to make crypto spendable at 175 million merchants, and Mastercard launching a tool to make stablecoin payments safer.

Citi called Aave one of the most important real-world use cases for tokenized finance.

JPMorgan is in the news.

As much as they hate crypto, they of course created their own token, the JPM Coin.

They are now bringing that to Ethereum, expanding from where it was.

I think it was on Solana and maybe Avalanche.