SHOCKING Crypto Predictions For The Parabolic Phase!

So I think that with crypto becoming a lot more retail it's more than just what do you hold in your wallet why are they cutting rat it makes no sense other than they want to juice the financial markets even more it's mathematical a new form of wealth begins what is your main token and and what is it about you want Alpha we're sitting down IRL with the biggest and brightest Minds in the industry to bring You what crypto's biggest names are talking about deploying on building on and investing in like only crypto bter can do

you're in for a wild ride here at token [Music] 2049 welcome to Singapore the biggest weak in crypto we've seen possibly ever with the crowds converging on the city by the bay for a week of token 2049 800 side events and of course the F1 this special episode is brought to You by fastex a complete ecosystem reshaping the web3 experience we're back in Singapore and this time we're here for token 2049 you could say that we're in the beginning of the altcoin bull market and we are here for the biggest crypto conference in the world

let's go take a look inside what's inside now officially the world's largest crypto gathering this isn't just Bitcoin or eth Salo or Blockchain or regulation this is crypto 20,000 hardcore crypto Traders workers and enthusiasts all comprising a critical mass in crypto that despite a sideways market for the time being shows no signs of slowing down contrary to what the nas may be saying just look around thousands of people working day and night in this industry from across the world from across the Litany of exchanges blockchains protocols daps Dows Defi and much more from every Corner

of the earth and as always you have crypto banter right here IRL like no other channel in the cryptosphere this time bring our wider team in full force to access the full powerful Network in crypto pleasure you know We Are Family our family yeah so who's here crypto's leading voices we had vitalic going viral singing a song on stage a new form of wealth begins he we actually Remember anatolio on the floor showing his prized possession the new salana mobile phone you never know who you'll see here everyone from Charles hoskinson and the team from

cardo to Brian Johnson the longevity Guru who's making inroads into our techsavvy crypto Community advocating for us to live well your lives by the way I just helped you guys not die and drawing huge crowds the F1 heavyweights Max V and and Lando and Norris were live on stage it was huge the whole game game the team is is everything forget F1 though we're here for the crypto and token 2049 delivers on the alpha this is Asia where the pendulum swung where the majority of spot trading happens and this is all happening on the week

that the FED announced the first 50 basis point rate type all the Bing markets like py Mark Market whose co-founders on stage taking bets with The likes of the legend Arthur hay predicting the higher rate cut calling for a bullish kickoff to some SS yuy all right it's a great day today it's [ __ ] fed day our favorite person Dr PO is going to Grace us with 25 50 75 whatever the [ __ ] he decides to do uh tonight while you're all drinking at the bar that's right the spur on the floor is

high along with the long-term bullish projections post us election speaking of elections baji was here from the network State and he was calling for blockchain technology to meet voting it's a cryptographically verifiable vote which you can prove you joined you can see who others joined and any third party can verify that these are real people rather than Bots it's Pro by running proof of human nickado was debating stable coins you know I think stable coins are obviously huge success story for great stable coin entrepreneurs we guy young froma Sam from FR Jose from PayPal Nick

Van from aora me on a panel doing the same across Emerging Markets as you may know I'm from South Africa which is emerging market we've got the Turk we've got an Aran and then we've got an American K samani from multicoin talking all things infrastructure do you agree that infrastructure is overfunded relative to applications or no yes you do think so yeah yeah Ula Carlson we from poly chain unlocking some AI Innovation first is that Bots can sort Of create any Market that they want and always on the AI cutting ede Bend from Singularity net

with the robots time is a limited resource yeah we're we're running we're running out of time but we've got 39 more seconds from the future to the now we got insights into the biggest projects making the most headways as we [Music] speak two big Headliners included bar chain replete with a beish like founder On stage to pader Penguins making their case for Real World Adoption you had rwas Making a Splash like Mantra in the upcoming October push and big efforts from the likes of NE Akash incentive and steepen building building and building outside the halls

and to provide some real world activity you had everything from paddle courts playing a rock climb reaching for New Heights robots making espresso and even a cold plch activation outside in the sizzling Singapore heat what a feet to pull off offsite 800 events t through Singapore non-stop there's not enough time in the show to show you them all but as an example sui Builder house where projects are building on top of the blasing chain showed off their Wares and Jeremy Al made a big announcement bringing usdc to sui today we've launched and this is as

of just last week we've seen over $16 trillion in onchain transactions using Usdc usdc cctp sweet very sweet I have uh two questions for you first of all how do you make a decision as to which change you support I've got more questions but I guess I've only got so much time next it was off to santosa the island paradise where a yacht party was filled with K's by night it was out to killer event like OK X's big party at Marquee with lines as far as you can see the endless nights only fuel the

fire on the floor back at token 2049 and Commanding attention igia Zia heralding all things mother token with her panel with anom and Joe m and her partner in the project speaking about why the attention economy will only draw crypto's command so I think that with crypto becoming a lot more retail it's undeniable that we're going to see that type of thing happen in M tokens too where it's more than just what do you hold in your wallet oh yeah I it's beyond that if the meme token can become A bigger brand or Persona that

somebody can identify with and say yes this is me and all these brands are me that are associated with it this is a wider more cultural thing that's happening here that I see myself in and want to be a part of and these people in this community also are this so I want to come and be here with that I have to say I've always been skeptical of celebrities coming into crypto but after hearing Iggy on stage she's the real Deal she's a businesswoman she's building a real brand in crypto and she's bringing a wider

audience into the crypto world and I think what's really important Beyond just the integration of the token into these sorts of products or things being relevant in future but that they come with a discount or they come with an incentive to make the user say okay this club is valuable to me because I have these experiences that are on offer to me beyond the experience Of a digital community and it's going to have to uh develop that way for it to remain competitive here if we're going to have access to crypto freely from the speaker

stage let's go to our crypto banter set and hear from one of Iggy's Partners Joe mccan he's a radical Finance W who knows how to tie things together and as you can see from the hype around the stage people listen our set was surrounded with people including anom and Miles our Former host from banter Jo you must be super happy uh rate Cuts yesterday you called a 50 basis point rate cut a long time ago when no one was talking about a 50 basis point R cut what why were you so confident look I mean

uh asymmetric is you know a macro shop dressed up in crypto clothing me and my trading partner have almost 50 years combined experience trading macro products cross asset cross go every type of you know instrument you could imagine and the Reality is crypto is just another sleeve within a macro portfolio we believe that crypto is the optimal expression of macro today so for us it was kind of obvious we we looked at the data and we had a very strong view that real rates which is the you know kind of the called the the FED

funds rate or the rate that you can get in a savings account minus inflation that's the general way of looking at it was about 3% which historically is 200% higher than the Neutral which is one and so the fact that you started to see a softening in the labor market and clear disinflationary metrics on the inflation side that is enough Firepower to get the FED to cut 50 because they didn't cut in July and so our view was way back at the beginning of July because remember the the Fed was supposed to cut at the

end of July meeting at the beginning of the of July we wrote explicitly If the Fed does not cut 25 in July they must do 50 In September and everyone thought we were crazy and we just knew it was math Bitcoin jumped went over 60,000 is this the beginning of the crazy run or are there still Road bumps along the way yeah I mean look it's a great question so at asymmetric one of the things that we track is global liquidity the FED is a major component of this but so is the people to make

of China collateral ratios on us treasuries the shadow monetary base and other central banks in Their balance sheets and so historically uh Q4 is the time of the year where you'll start to see in a liquidity cycle that's about every 5 to 6 years tick up moreover right now we're at the end of September in the United States there's a thing called the treasury general account the TGA it's basically like the treasury's checking account they just collected a lot of money on corporate taxes due on September 15th that pulls liquidity out Of the system come

October 1st Janet Yellen is shoving that butt back into the market so what we should expect to see at the beginning of October is a rise in US liquidity which also begets liquidity around the globe actually I want to bit the conversation before we get there you were with Iggy on stage three and I must say like I I've been pretty skeptical of celeb tokens and I've been more skeptical of igy she seems like she's the real deal what what Did you pick up that makes her the real deal she thinks like an entrepreneur she

thinks like a business person she understands the virality of brand recognition and how things work with culture that is a very very rare combination the fir when I had dinner with her back in June and we were chatting about things the the level of depth that she brings to the understanding of culture and look she even said it on stage she's been in Crypto for four months and she's had more fun than she's had like her entire music career right that's that's not her that's not lip service she genuinely feels this way and so her

path with what she's doing like Iggy is a retired musician she's not doing music anymore she's a businesswoman right and so ask yourself this question a celebrity that has 70 million followers on social media at a global scale records set with billboard you know top charts all of These music accolades why would she be so focused on the mother Community when she could make plenty of money doing the standard tequila brand or the perfume or whatever why is that the case she's setting a standard and raising the bar for how celebrities can now build a

a community that has a brand in of itself so she's going to build the playbook for other for other uh celebrities to use how do you monetize that Playbook so Ryan Reynolds who's a very famous actor Launched a mobile virtual Network operator you know phone service he also launched a Jin right uh Rihanna launched Fenty a Cosmetics line right so are those are they copying each other's playbooks no they're doing what celebrities do is they're using their platform to create new products or businesses that can engage with the folks that want to be associated with

Rihanna so that's the same concept with something like say a meme meme coin a Culture coin a celeb coin is how do we get people to understand that this isn't like you have to do exactly what Iggy did what you have to understand is that if you if you are the meme coin there's no brand there and you need to build a brand around your community that can then extend into other aspects of the business Empire that you're creating which is exactly what Iggy's doing well I hope she succeeds because I think she is the

real deal Joe thank you so much And well done bro you've been killing it thank you very much killing it indeed also killing it as always and drawing huge crowds is Arthur haste he talked all things raid cuts and again Yaki I wanted to talk today about what sort of crypto trades make sense and don't make sense in a falling interest rate environment Arthur we finally had the red Cuts we got five 50 basis point red Cuts were you expecting that yes or no I don't think it matters we got one half Of the equation

that's the Fed the boj meets tomorrow and we'll see what they do that's like a big interest rate cut in in such a short period of Time how does that affect the thesis well I think it aligns with they want to get Camal Harris re-elected and they believe that if they lower the price of money then the stock market does well people are employed they feel good on Election Day and they and they vote the right way which is Cala Harris and so that's why They're cutting rates when the US economy is very strong low

unemployment real GDP growth quarter on quarter why are they cutting rates it makes no sense other than they want to juice the financial markets even more but I believe it's not going to have the intended effect that they believe okay tell me why not because of dollar Yen so if the market believes that the FED is going to be extremely aggressive dollar Yen continues to strengthen the yed Strengthens against the dollar and that y yields more carry grade unwind we saw what happens when the market aggressively unwinds leverage Japanese carry trades from July 31st to

a I think fifth or sixth um a few weeks ago so we're going to have a repeat of that under the assumption the bank of Japan does nothing tomorrow and and and and they keep status quo how do you position yourself between now and the next 6 months I think you wait the Market's Going to tell you what to do I think again they're going to print more money but I do still think that if you're talking about 100 basis points of rate Cuts in 2 months that's pretty aggressive if you borrow Yen and you

watch that differential narrow this quickly in key trading days man you are going to try to get out you are selling what you can right now and so I think that this is sort of a cal before the storm and we're going to see some real Fireworks in the next weeks or so you're not actually positioning yourself as full bull mode we're going into altcoin season you're saying hold on caution If they raise the if they drop dollar interest rates the whole trade might actually might actually close yeah but I'm long as well it's more

like do I really want to be adding to positions I have spare cash right now it's sitting and earning I don't know 5% and and you know short dated T build when do I move That cash out of TS CU I know the rates are coming down my interest income is coming down when do I move more cash into the crypto that's that's the question that I have in my mind right now and right now I'm in a holding pattern I'm just going to wait and see and while you're waiting and seeing you're obviously looking

at certain narratives and you're thinking hold on when I allocate these are the narratives I'm going to be allocating into what are The narratives that you're kind of going okay if the market runs then I'm allocating into these narratives what are you looking at so I spoke on stage yesterday about what happened happens when rates fall a lot of trades in crypto are interest rate sensitive so number one is Athena the Athena basis rate is close to or below us treasury bills why would I be in Athena so as T bills drop and expected to

drop I believe that tvl Grows in Athena and the price goes up ethereum is an internet Bond right it yields 3 to 4% on the staking yield as that rate exceeds the treasury Bild rate or the expected treasury Bild rate ethereum gets a bid as well same with ether V which is the leading e saking um noncustodial platform altcoins have at a tough time question is more Bitcoin or more altcoins now at this part of the cycle uh I would go more in the majors um Bitcoin e salana uh that's because I Believe that they're

going to attract more Capital they'll perform well if we have the wealth effect say bitcoin's 100,000 oh then I want to be in altcoins look at these things are down 95% from like the highs in April they start to become a lot more attractive as I'm up on my Bitcoin positions all right so we're going to wait for see what happens on Friday wait for the bank of Japan hopefully they do nothing and we go to Valhalla we'll see see you later my Friend awesome I say Valhalla as you can see Arthur draws crowds wherever

he goes and deservedly so after all he's done for crypto so Arthur's bullish but let's hear what the other leading indicators in crypto the funds and the VCS think about these rate Cuts so Vance we're sitting here it's the eve of the First Rate cut in say 5 years uh we've been moving sideways on the markets for a long time a lot of people have been shaken out by the sideways movement how Are you feeling on the eve of the First Rate cut in 5 years I feel pretty incredible I'm not going to lie I

mean I would say from Big Tech to Commodities to Nvidia everything has been in a range for 6 months like everyone is universally unhappy with this range and I think we're going to break out of it and I think we're 50 days away from the election as well that'll be huge and you know maybe Trump is in in charge of the Federal Reserve maybe that plays out but Any way you slice it we're cutting rates 300 basis points at minimum and so that will be a huge Tailwind for basically every asset class all right so

you were on the stage today and you were talking about investment thesis and and and where you guys are going one of the things that came up is like is it time to start investing in the apps and maybe time to take our foot off the accelerator investing in the layer ones and the the base layer infrastructure How do you feel about that I mean we're in a landscape where you've got soul which has got arguably pump. fun making everything work right you've got eth which is uh well bleeding slowly down and getting a lot

of hate have we solved the L1 problem or is there still like a big gap which is screaming we should still be investing in l1's I mean you've probably seen the sole transaction volume in pump fun volume it feels like that's slowing pretty considerably and Our philosophy is that all these chains will eventually move to this L2 road map eth is just the furthest along and so no one will escape you know this this maturing of the chain that needs to happen but I think in terms of apps versus infrastructure bechain has po it has

all these enshrined apps it has both apps and infrastructure encompassed in the valuation of the chain and you can probably get to a few hundred million of Revenue just from that alone and there's so much money in crypto that focusing on the indogen use cases of defi we've yet to see anybody pull that off and you know people are like well Soul flip E I mean maybe it's like kind of interesting but not really but like will be chain take a real shot at soul I think that will happen so you bought up be chain

what's all the the excitement about it I think it's number one aligning All The Primitives and the l2s that are in the Ecosystem number two it's about having IP that can scale and people be associated with the bear is actually pretty convincing from just a a Content perspective and then I think frankly people are yearning for an ecosystem that is aligned and that can stay aligned long term and you know helium launch and L2 on salana that is not part of what that is supposed to be and you know if pump fun leaves there's not

much there and so I think there is some Cognitive dissonance towards people saying you know oh you know VC's investing in private markets at a billion dollar FTV is bad but salana at 80 billion is somehow justifiable I think there's a lot more risk in the ladder but you know for us we don't think the l1s at this cycle have launched yet we think it's monad we think it's Barra and I think those are going to be a pretty good dog fight in terms of who wins when do you think the Chain actually launches Q4

where are you seeing the opp more opportunities today honestly can't get into specific token names but things that are fundamentally driven that have real revenues and traction earnings or things that have real communities that's the barbell for us VC Market more value today or liquid Market more value today with suppressed and depress pricess you can't say one or the other I mean we do both you know there are amazing opportunities in the Liquid Market there's amazing opportunities in Venture I personally hope bear chain comes out pretty low so that there's meat on the bone for

retail and you know you can have a salon style story with a chain that launches like that um so we're excited narratives that you're excited about so bar chain alignment of incentives alignment alignment so I agree with you and that's my thesis for extraction is out no more like you can see the pump Fun roller Coaster starting to slow and I think the extraction narrative is similar to the Ico bubble where eventually the money moves kind of up and then it gets to topheavy and it falls over and I think you see that with just

you know pump fun dump trucking Soul you know week after week after week and unlocks coming and every chain has to deal with unlocks you know eth is going through that bitcoin's going through that salono will go through that but it's just all about the Timing and where it is in the cycle cuz if you think that next year is where it's going to be most bullish you want to be in assets that are fundamentally driven Community oriented that are through their unlocks yeah I think I agree with you V it's been amazing having you

on on thank you Budd yeah yeah thanks buddy to repeat being in assets that are fundamentally driven Community orientated and through with their unlocks another fund that's Fundamental to the ecosystem Founders fund this is where Joey krug's at and he's investing in things that that' probably surprise you so Joey you come here every year every time we see you you're giving us uh you're giving us narratives you seem to have this ability to see around the corners what are the narratives that you're looking at now do you believe that we've solved the layer one problem

or is that problem not yet solved um I mean I'm I'm certainly still Open to new layer ones I I think um I think it's sort of largely solved though for the most part like you have you know salana um and then you have ethereum and all the layer 2 is built on top of ethereum and we haven't really like ran into the throughput constraint yet um you know hopefully some of the consumer stuff happening will actually start to make there be a problem but but today you know I'd say we there's not really any

scaling problem at this point for For the most part why do you think eth has become the most hated trade of the cycle so to speak why have people lost so much interest in it I think there's um two two reasons one is there's a lot of uh there's a lot of question marks people have about like how much value will layer twos versus ethereum capture and then I think the um that's not even price into layer twos right if that were the the sole reason you'd expect layer twos to gr go up a lot

they've actually Underperformed e um I think the other reason is I actually think sort of the the pricing Dynamics um for the hard Fork they happened earlier this year that added blob space for layer 2os I think the pricing is is kind of like economically wrong like I think their Bas e theum is basically maybe not on purpose but accidentally undercharging layer twos because if you're Layer Two your alternative is to be able to layer one but that's really expensive Salon Spends like a billion dollars in it SS a month and so each layer one

could charge layer what kind of things are exciting you I mean we just had a a huge meme coin cycle first of all were you encouraged by the meme coin cycle or like I'm like neither here nor there on it I I I own some like dog with hat you know cuz I thought it was funny um but uh I I think it's fine like I'm one of those people who believes that you know you should be Able to use blockchains for whatever you want and uh if you want to trade memes like that's that's

fine with me um but I think in terms of what we're looking at though it's mostly early stage we still look at infrastructure early stage infrastructure and then also early stage uh application layer stuff uh like on the application layer we invested in poly Market recently and then also uh pudgy Penguins tell me about pudy penguins one is they're kind Of one of the only things in crypto that has like a a negative customer acquisition cost like they get paid to acquire customers and the way it works is they sell tons of these penguins physical

penguin like stuffed animals and stuff and like every Target in Walmart in the United States and then each of those comes with a QR which you scan and it onboards you to like a lot of the pudgy kind of like stuff online eventually they're going to launch their Own uh Layer Two that's like focusing more on consumer use cases and I think essentially they just have like a really great brand what else give me one more narrative that you guys are bullish on I think the Bitcoin L2 thing is actually going to eventually happen it's

going to take a while like arbitrum you know took two or three years to to launch right um and so it's not like easy to build something new but I do think there's like this huge amount of capital in Bitcoin that's sort of just sitting there that you could use to like borrow against your Bitcoin which is obviously huge last cycle but it was all these centralized business businesses and they all blew up right but if you do it in a decentralized way like maker or like a style um you don't have those same risks

so Joey thank you so much my friend so good to see good to see you and what's so good to see is that they seen the value of the Real World Adoption of pad Penguins so it's only fitting that we walk straight from our set to the stage and bring Luca the founder of P Penguins to the banter so two seconds ago you heard from Joey KR who said one of the most exciting consumer applications of blockchain was paji Penguins so I managed to track down the COO of P Penguins here he is I got

Luca with me why is everyone so excited bro tell me what's going on I think uh we've been uh pioneering the consumer crypto Revolution for two and a half years now right I think uh when you look at what pudy Penguins is doing it's one of the only brands in which the entire family is getting around together we're in Walmart we're in Target we're selling 150,000 toys every single month those toys are actually bringing people on chain so they're working like Trojan horses uh and I think we're just doing something that I think crypto's desperately

needed I made you guys Different from all the other nft projects I think we managed expectations we didn't promise the world we built a real business we built that business with our community and we did nothing but just continuously give value to our holders and to our group and uh we just uh made a promise and we delivered on that promise tell me about the PED penguin's business I think uh there's uh two sides of the business one is uh the traditional IP business uh which you Know sells toys does licensing has games again our

toy business is doing phenomenally well our licensing business is doing phenomenally well I mean we're partnering with some of the biggest and best Brands around the world like IID mentioned a little bit earlier we're in 10,000 retailers around the country 150,000 toys we're selling every single week uh or every single month uh so when you look at it from that perspective like we're a self- sustaining business That's not dependent on going to our community and selling them more crypto Goods whether it's nfts or or tokens so I I think people have a lot of respect

for what we've done okay now Joey teased a layer two tell me about how this whole thing feeds into a layer two so I think when you look at what pudy Penguins has accomplished is we've just created a a a mascot within crypto and a community within crypto uh that I think is unparalleled and ultimately we also have Been building for consumer in a way that I think very few have but when building for Consumer I was kind of exploring all these other l2s and I realized look nobody's really building for Consumer the way that

I need them to build uh to ultimately solve the problems that I need to be that I need to have solved so rather than just waiting for somebody to go build an L2 that's positioned for consumers that's going to solve the problems that I need them to solve I was Like look uh I see the same opportunity that we saw in nfts that I see in the L2 landscape where look I don't think any of these guys are really doing the things that I need them to do uh so I'm just going to do do

it myself so we want under the assumption that there's 100,000 people watching us now how do they get involed you got to give us a follow abstract chain on X uh ABS on Instagram and just stay up to date and uh you know just keep uh keep updated With uh all the new announcements and if I want to invest in the in the paju Penguins ecosystem is the the only way to do it still to buy the nfts I think right now it's just for the nfts and uh you know obviously you can you can

be a part of the brand and be a part of the community in some small way go to your local Walmart go to your local Target uh we're also in Smiths and a bunch of other places around the world but uh if you really want to have all the perks That come with owning ay Penguins the status the airdrops the the community the the the access you got to buy an nft well listen brother well done what you guys have achieved is amazing thank and I wish you guys all the success in the future and

we'll be following you guys I appreciate you my friend thank you now let's take a break from all things token 2049 as you saw earlier you can play some paddle you can climb a rock wall you can get an espresso made by a robot Or you can even take a cold plune take your pick remember banter fam we can't bring you this exclusive coverage I that no other channel can bring you without our sponsors this special episode is brought to you by fostex a complete ecosystem reshaping the web 3 experience fostex exchange offers a secure

compliant platform for digital trading assets while The Wider ecosystem includes fostex Card fostex Wallet the Ft nft Marketplace and the yosra Metaverse [Music] we're back to business here in Singapore token 2049 just ahead of F1 and just ahead of the curve for me I'm taking to this stage to get people up to speed on stable coins and their uses in Emerging Markets this is truly one of the biggest and most powerful use of blockchain's power here's well me blockchain is actually needed in Emerging Markets um if you think about what blockchain is Blockchain is effectively

the ability to create digital value that you can send and trade uh immediately so this really spend some time understanding the problem from people to understand emerging markets and then understand how and what Emerging Markets need in order for for Bitcoin blockchain stable coin any kind of blockchain applications actually do it I talked to an Argentinian a Turk and an American who's done business in China and ironically as I got off the stage Nick Carter gave a similar talk on stable coins let's see what he has to say about one of crypto's most potent packs

of power globalized payments system so as you just saw I did a panel on the stage talking about emerging markets and on that panel we spoke about the fact that there's actually two real use cases in Emerging Markets one is people buy Bitcoin to store their value and two people actually buy stable coins not only to Store value but to actually transfer money across borders where it's very important just as I got off the stage Nick Carter got in the stage with a very similar thesis so Nick you agree that stable coins as an application

shouldn't be overlooked as just a small feat it's one of the biggest things we've ever done oh certainly I think it's the killer app of crypto I mean if you look at the numbers if you add up all of the value settled on blockchains today Stable coins are 50% of that Bitcoin and ethers you know and all the other l1s together make up the other 50% so as far as I can tell stable coins are the number one feature of blockchains the number one thing that people do with blockchains so in Emerging Markets people use

USD stable coins actually to protect their value so I know we use Bitcoin to protect our value but in Emerging Markets they just want to be pegged to the US dollar and that's a a Massive massive use case you spoke about dollarization tell me a little bit about what you're seeing out there yeah and you know I don't want to Discount the fact that people are using Bitcoin anywhere on Earth to save their wealth but I think it's been an overlooked thing that this crypto dollarization is happening so dollarization refers to the phenomenon where individuals

in a high inflation country spontaneously red denominate their savings into another Currency like the dollar and we just did a study we uh published it last week we did a study of Nigeria India turkey Brazil and Indonesia these are five big middle income nations with high crypto adoption and we went and asked 20 500 people what do you do with stable coins the number one thing was access to the crypto economy fine the number one the number two thing was saving their wealth and dollars right and so they do plenty of other stuff too they

do crossborder Transfers they do remittances with stable coins they do payroll in stable coins but it is very striking to see of the non- crypto use cases the main thing they do is save and store their wealth and dollars in a format that's self custodial on their own smartphone that can't be interfering with by the government and is completely portable and of those five nations I mentioned Nigeria was the number one so you left stable coins you love Bitcoins you were Accused of being a Bitcoin Maxi for a long period of time until eventually you

kind of said I'm not a Bitcoin Maxi anymore what else you looking at like what else excites you in this game yeah now I get accused of being too moderate on bitcoin so you can't please everyone um you know we spent a lot of time on the new Bitcoin Renaissance call it Bitcoin season 2 all these Bitcoin l2s that are being built to make Bitcoin more expressive more programmable more Linked to other blockchains that was a problem for a long time Bitcoin was an island off by itself it wasn't really connected to the crypto industry

at large it wasn't connected to these other successful blockchains so there's protocols that I like like Bob which is bring the evm to bitcoin for investors of course Babylon which is fascinating they're bringing bitcoin's assurances the settlement quality allowing other proof of stake blockchains to leverage That to increase their own security that's something that really excites me and I'm glad to see Bitcoin break out of its stasis and becoming more tightly integrated to the rest of the crypto space so as someone who's got uh I would say a relative a relatively solid purist view how

do you when you when you see the market aping into shitcoin mem coins how does that what is that for you in through your lens a good thing or a bad thing I don't mind it I mean people Won't like to trade and you know mem coins are the current meta in the crypto space um you know it's interesting I think the regulation in the US is responsible for a lot of the mem coin trading believe it or not so you know previously crypto entrepreneurs tried to build cash flows into these tokens governance rights they

tried to make them as Equity like as possible Right CU they felt like they wanted to do right by their investors in The US the Securities and Exchange Commission took a very negative view of that and their view was paradoxically the more you build in cash flows and real assurances into these tokens the more going to come after you so the reaction to that was a bunch of folks just created meme coins they're promising nothing there's no cash flows there's nothing associated with is just a name right so I think that's actually partly responsible for

the explosion of Meme coins it's a lot of unintended consequence I think the SEC shot themselves in the foot there Nick good to see you brother thank you also good to see is the rise of Bitcoin l2s and here amid all the l1s and exchanges Etc is a new novel idea on how to create a Bitcoin L2 this one's called the goat Network one of the big topics of discussion not only here at the conference but actually in Singapore is around Bitcoin l2s or in fact l2's uh The L2 discussion now with me I've got

someone who building very something very interesting initially it's going to be a Bitcoin L2 but what he tells me is that one day it's going to be an L2 for all networks one universal L2 for all networks tell me about the Bitcoin L2 that you guys are building at go Network okay well thank you for having me uh we building a Bitcoin L2 which is among all now the many l2s are getting built but our distinguishing feature Which we actually very proud of is we're trying to deliver the more secure L2 uh in a sense

you may think about it as L 1. n999 which is little bit better than L2 the main net inheriting the main net security at a lower cost possible in fact we call it a ZK rollup the most costly efficient ZK rollup that allow you to inherit this security and at the end of it allowing users to get sustainable yields for a long term not shortterm whatever and then at the end They disappear how does it work so you got an L2 on top of Bitcoin it's developing an L2 on top of Bitcoin this L2 think

about it as an environment an experiment for which people actually can experiment can do their financial activities cheaper than L2 you're not reporting to L2 each time you basically just repor in the Z ZK knowledge at this point of time there are many ZK rollup that's why I don't want to get into the details of the technicals there are many What what distinguish us is what is the cost of the ZK what I'm actually spending a lot of time doing is that I can tell you that it's not efficient to do a ZK rollup if

you don't have decentralization our proposition is that decentralization makes ZK rollup feasible cost efficient and because it's cost efficient whatever Revenue Minus cost equal yield Revenue Minus cost equal profit sustainable profit competition across the sequences will Get you a con a sustainable year so on this layer too what am I using it's it's called the goat Network right it's a goat Network us what am I using as gas am I using token what am I using you're using Bitcoin as a gas you given Bitcoin as a yield it means one of the things we believe

in and that's happening many many times and anytime you receive a go we have a goat we we have a go token too but it's very important that users are receiving also BTC because they are Actually paying BTC so you st you stake your BTC to secure the network so to speak you stake your BTC to stake the network you you you help it well not in one sequencer that's important that's actually the foundation of what we do the foundation what you do is that you don't have a centralized agent that you stti with you

have decentralized agent and you can be one of the sequencers if you're interested you become one of the sequencers and you say you are very good At marketing I'm going to actually come to you but we have to put something at stake or maybe another company comes up I take my Bitcoin it's it's stake decentralized there's no honey for for centralization centralization and whatever they make those sequencers going to try to do operations whatever they make they share it with you and and I'm earning my yield in earn yield in Bitcoin and portion is it

in go to okay but then the question is then what's the Go token for well the go token has multiple aspects first it boost it's a governance cu the consensus in the network is actually using go token not using BTC because you need something a limited Supply that you can create uh consensus in Bitcoin one number two it boosts your reward because whatever you got it's a governance it's a Boos in boosting govern and Boos in comes in two forms which is actually very key here because the more goat you have remember We have multiple

tokens multiple sequencers the likelihood for you to be chosen penter is not only how smart and handsome you are it's also how how basically goat you have all right when does this goat Network launch uh test net is launching on um this week main net Q4 TG January January it is be on the lookout from Bitcoin l2s let's go to RW bringing all things rwa or real world assets on chain is Mantra the only question is when so fresh off the DWF Stage a big talk about real world assets and it's going to be a

big narrative we know we know that Larry think's been pushing it hard but when are real world assets actually going to happen and that's what I'm going to ask you John when are real world assets actually going to happen I think they're happening now to be honest there's a long way to go in the space you know I was talking on the stage that I feel like a multiphased approach right now It's about bringing high quality products and assets on chain which is really where we're focused then we're working on how do we actually make

these things liquid how do we have secondary markets and then finally how do we actually make them composable and usable in zi and different Financial who says that just because I own the token I actually own the rights to the property well that's the thing so right now a lot of people use kind of existing uh legal Rappers um setting up an SPV that owns shares and something and then tokenizing that I consider that kind of faux tokenization to be honest right what we're actually trying to do is legitimate tokenizing of of the asset in

the instance of real estate that would be tokenizing the actual title deed right so not to get regular is to agree that that's why it's so hard that's why it's so hard cuz you have to have different stakeholders such as Regulators the government you know all these uh you major players actually taking part in this conversation that's why it's not happening to be honest which jurisdictions are you doing it in uh we're I believe between Middle East and and Asia and you know our focal point right now is is the UAE so we have a

big big team in Dubai um a lot of investors and supporters from Abu Dhabi in Dubai and uh the UAE we we think it's is obviously one of the hottest real Estate markets but it's also one of the most Progressive uh crypto regulators and kind of crypto regimes in the space so UA is a big Focus now you got the assets onto chain you're got to be able to trade the assets I guess that you're starting an exchange of sort which is a normal exchange at trades tokens but maybe slightly more regulated yes so absolutely

need uh regulatory approval for for you know secondary market trading of of of anything really um We're in the process of getting licensed by VAR which is the regulator in Dubai we're also exploring with adgm in Abu Dhabi um and and and other places you know Bermuda and and a few other jurisdictions that being said it is quite necessary to have this regulatory oversight because many of these products are you know not pure utility tokens right so these are this is a new thing and and it's a new space where we we haven't really had

the secondary Market Liquidity so you do need the Buy in of regulators and say okay asset class by asset class Case by case this is how we're going to do it so Maness building a whole Tech stack to be able to to to uh solve this walk me through the actual teex stack that's required to get these digital asset trading sure so you know we're building both the uh protocol for the layer one as well as the application um which is the exchange and we want that to be like the liquidity hub for Real word

assets when main it sir uh next month yeah next month oober oober oober is that like a commitment that's a commitment I've been saying publicly um after the summer which we are after the summer and before the US election which is November 5th so home to it is and what that main it is going to be what it's going to be a layer one blockchain layer one blockchain proof of stake proof of stake permissioned or permissionless permissionless blockchain I think that's incredibly important we're building a permissionless blockchain that has a permission layer to it so

on the permissionless side anyone can read and write to the blockchain but on the permission side you need access and this is really where the real word assets will be issued from and it's kind of our goal and objective to be The Ledger of record for real assets that doesn't mean that they couldn't go and exist and trade Someplace else we hope that they do um but they have to we want them to originate with us and um you know part of mober is is not just the main net honestly that's just the foundation we

have much more exciting stuff which I'm sure we'll be sharing more with you soon well tell us give us like one come on one one thing okay big rwa deals major major Partnerships um both at a governmental level as well as a kind of like web to Giant level um some pretty Exciting stuff things happening big things happening look guys we've been telling you about mantra for a long long long time and now you've heard it from the man himself between October and the elections is the main net we're going to hold you to that

sir 100% thank you for coming B brother I appreciate thank you so much as you walk around the conference you'll see plenty of big chains some shipping some building and some even pivoting we ran Into a chain with a test net that's just launched Cody before token 2049 I told you certain tokens were going to run and I told you one of them was going to be Cody and it did run Shak what happened why did Cody run ahead of the token 2049 I guess it's all about delivering right we've delivered a test net as

we said we would uh with a bunch of new partners and an amazing technology behind it well the tech you guys said is it's a privacy technology on Cody which makes it an eth Layer too yes and the test net is now being delivered are people actually building on the test net yes we have a a a bunch of amazing projects that are building on on the testnet some are very familiar like Mya wallet right and nchain Ai and Civic and and and 15 others um and some are new and I'm very excited about this

we have uncage Studios we have uh NFA which is an amazing project that people will talk about uh and privates that are building The first intent based uh privacy decks wow and when is the so Tes is out now when is the main going to launch what's your timeline from now it's now about stability and and performance upgrades so we already we promised people that we're going to be the fastest and lightest chain out there doing privacy because right now people need to decide are they doing privacy or are they they're doing performance so with

what we've built we have benchmarked it and It's about uh 1,800 times or 3,000 times faster and lighter than anything out there and it's now benchmarked we just released the article uh to kind of like show that mayet is coming uh by the Year's End okay so that's Co out the way I want to talk about encaged yes I know there's an announcement coming out because I have people here that told me that there's an announcement coming out yeah I want to know what the announcement is about yeah so some People uh uh most people

know me as the CEO of CI but I'm also involved in uncage uh the studio that is building uncage soccer uh some people remember it as monkey League Monkey Ball Etc uh so I think we both agree that uh uncage and and MBs are probably one of the most underrated projects and teams out there because this is an amazing team building an amazing game yeah I know them because I've met them and I've been there and I've seen the guys best gaming team out There most most undervalued gaming coin in the ecosystem absolutely and you

know the the game is shifted to kind of like be uh FIFA meets brawl star used to be FIFA meets chess now it's FIFA me braw star in the sense of the arcade feeling of it so with that the team signed a major partnership with a global fashion that's what I want to know who's the who's the brand it's Puma Puma Puma okay so you sign a deal with Puma what ises the deal What is this deal about so this is uh it's a vast deal it's a 2-year contract uh that involves um co- marketing

so Puma has quite an audience so we'll uh com Market that we are uh bringing in you know uh their style and and and and bring it into the game you know with new characters and everything around it so really entwined it's an amazing thing it's an amazing co- marketing opportunity I think this is when people will appreciate how underrated anage and NBS were is the most underrated gaming token out there guys you heard it J first you weren't supposed to hear the announcement but you did hear the announcement okay now let's get back to

looking at the conference again to take an in-depth look at the conference floor and to talk about crypto with the most important figures here the attendees let's bring in our special correspondent Edie she's out on the floor and she's gauging exactly what's going on thank You ran I'm Addie special correspondent and marketer with aity let's see what people at the conference are talking about in the market right now here we are in the main foyer in the apos lounge we have a lot of big names and influencers talking about the market hi I'm Addie with

crypto banter quick question for you today what do you think about the market I think the market is getting to a place where it's consolidating and it's creating a wedge Where we are about to be at the perfect place for it to finally break through in One Direction or the other and I happen to have a bullish tendency to think that it's on this way up token 2049 has the biggest and the best sponsors the current market is being too much regulated but governments and so that's why for all the Traders it's very difficult to

predict because you have to not be uh make trades based on your previous knowledge we have a bunch of Big names out on the floor let's see who we have what do you currently think about market conditions uh I think that we're healing and we're getting better you know what I've drink in the Kool-Aid I've drinking the Kool-Aid I'm bullish on this industry I think we're just about to see a major switch for the marketing conditions in my opinion 2025 has always been the year in the traditional Bitcoin 4year cycle and I think Bitcoin to

100K In the next 6 months to me that's obvious uh going up to the election things are going to pop off so I'm definitely watching that and we'll see what happens with the election I'm anxiously watching that as well everything is blown up kind of but uh yeah how can you be not bullish when you see this here it's crazy I mean they're a bit more bullish this morning which is quite nice but you know it's slow and steady Qui B I know you I me I despite The sort of fluctuations from a price perspective

and so forth you're still seeing new capital and new entrepreneurs and new Builders coming in we are we're on the way up Jerome pal he started the money printer big election incoming up only let's go quick question for you is what do you think about the market uh oh uh does that say everything uh and I think that there's a lot of uncertainty just because of what's going on in the US Elections that's is going to keep on people having people guess I think that the media's playing it up uh I mean they're playing up

that it's an even race I don't think it's an even race I think that we've got uh I think the Trump team's got an upper hand they're going to bring us forward in the US one thing you can't miss is the bake get llama and anime girls what do you think about the market good take Justin son is giving away a Lot of Tron here at the conference here we have me constantly upgrading blockchain infrastructure with AI in the middle we have ether five and next up is Gemini it's a bit sideways at the moment

not great but I think that's still a lot of room for us to go so hopefully by year end we see some explosive action yeah Market is pretty much not good but I think Market is going to be higher like end of this year or just like only next year in the Middle we have Bloomberg making their presence at token 2049 let's say hello I'm optimistic and I think think uh the good time is inead of us we have a lot of different talks going on here Straight Ahead we have the DWF stage are you

currently trading anything right now uh actually I'm going to go buy a bit more mother token I just heard igy Alia's talk and I thought it was really spoton I'm a firm believer in like meme tokens and culture tokens I Have a platform called balla that's like Tik Tok front end uh with the deck underneath what are you currently trading right now um just Bitcoin ethereum right now I'm staying dry and Aaron what are you currently trading right now um I'm currently trading whatever Rand nunar tells me is a good trade I'm usually making those

trades kiding guys just kidding a lot of Bitcoin right now a little bit of eth but playing around some meme coins uh The altcoin market actually took quite a bit of a dip recently so it's been a great time to accumulate some more positions of different things I'm focus on mainly like ecosystem builds not just single products so like your soie your SEI um your iot Tech some other ones like that and uh I mean plug for f too that's another one I'm accumulating we're building that's a wrap from the floor at token 2049 back

to you ran thanks Addie and thanks for the Worldwind tour here we can't leave just yet though we got to hear from the sponsors episode fostex so we wanted to get away from the set and go and talk to projects on the floor and here we are we're going to talk to the first project which is actually the guys that sponsored our show today Aman how are you my friend good how are you good listen Alan a lot people don't know who fostex is and they don't even know the blockchain that it works on so

walk me Through what fostex is and who the blockchain is so we are L1 L2 blockchain we are centralized exchange we are nft Marketplace we are defi wallet we are payment system we are cards so we are full web through ecosystem what's the blockchain called it's called Bahamut we are evm L1 blockchain with amazing consensus mechanism which calling posa proof of stake and take activity and the proof of stake and activity from what I understand proof of stake everybody Knows what is proof of activity if you are smart contract holder and your users using your

smart contracts generating gas fee the blockchain has a reward giving you back half of that gas fee so we can call it something like cash back from the blockchain if you build good deps then and you're a smart contract holder you get some of the the the cash back all right tell me about fastex itself slogan is join and learn so we are going to onboard people from web 2 To the web 3 and trying to that that bridge and that road smoothly so we have amazing customer support service with all languages in a world

which you can imagine when you say it's regulated where is it regulated right now we are working with Lithuanian license and covering Europe after the 1st of January we will work under Mika license and also we get the pre approval from V and very soon hopefully very soon we will get the final documentation from V And we fully can operate in Dubai if you want to learn more about uh fastex where can we go just fx.com so guys that's fx.com if you want to hear more about this more about the people that actually made this

show here at token 2049 possible speaking of token 2049 let's get back to the show let's actually take a last look and a last survey of what we actually saw here at token 2049 we leave here with 20,000 attendees from all over the world all walks of life all Sorts of chains projects Builders developers coders funders exchangers marketers Traders and everyday workers at a long Litany of companies who are here building crypto all around the world now I'm off to the F1 I'm going to be in the pits in the garage seeing the Roar of

the engines the Fanfare the race up close and personal like of course only banter can just been in the pits gentlemen start your engines run a good race cross the finish line and remember To trade well my friends Singapore you've been loud in voice all week for the fan forums give it up orando Norris