Crypto Wealth Management, Institutional Adoption & Digital Assets (Ep. 143)

That's a great story.

Yeah, I've been listening to you for a while, as we talked earlier.

And I think we're both stuck in a world that cryptocurrency is still really foreign to them.

It's risky.

They don't understand.

My best friends say, what is it? To me, it's like a scam.

So there's still that acceptance out there, and I get it.

And I think people like you have done a real good job or advisors like you have done a good job that educate people on what it is and the impact it's going to have.

And I know you always take a long-term view of this industry.

And I think that's a great strategy.

And I think ultimately it's going to be an asset class that people are ultimately going to understand where it fits.

So maybe where you could start is let's talk about the industry itself.

What is it, you know, where it's going into the future and your thoughts about how people could take advantage of this asset class.

Yeah.

So at its core, this technology is just a distributed ledger and accounting mechanism across multiple parties that you can all verify the information habit.

Right now, you have siloed ecosystems in the banking sector where information is hidden.

Most banks don't trust each other right after 08.

They don't necessarily want to lend money to somebody else.

And if they do, it's at a higher interest rate than what it used to be.

You have a lot of changes that are happening in finance right now.

You've got BlackRock and Ondo and many others trying to tokenize the stock market and other financial assets.

So the industry has progressed a lot, but at its core, it's just an accounting mechanism.

The easiest analogy I could give people is you were around for the internet, right? Yeah.

Do you remember when you had to have an AOL email and I had to have an AOL email in order to talk to each other?

Right.