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welcome to money is freedom

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a podcast

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exploring how finance and freedom connect in our lives

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created from thoughtful research

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and narrated by Notebook LM AI

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this series brings you clear

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meaningful insights into finance and beyond

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in episode 21

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we dive into why Ethereum is shaping up to be 2020

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Five's biggest contrarian bet in the crypto world

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from its surging institutional adoption

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and

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groundbreaking developments in decentralized finance

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to favorable macro economic trends

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and its deflationary toconomics

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ethereum story goes far beyond the hype

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join us as we explore

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the key reasons why this undervalued

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blockchain powerhouse could outshine its competitors

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and redefine the future of cryptocurrency

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okay so

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you send us a pretty interesting collection

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of articles and analysis

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all about Ethereum yeah

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and it seems like you're trying to kind of

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figure out if all the hype

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is it real right

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is Ethereum really gonna be uh

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a big player in 2025 or is it all just

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you know speculation and hype

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mm hmm um

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the one that I thought was really interesting

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was this article from chaos of money

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oh yeah um

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called

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why Ethereum is the biggest contrarian bet in crypto

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for 2025 okay

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so they're making the case for it as a contrarian bet

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which means

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it's kind of going against what a lot of people think

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right um

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and they point to things like

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increasing institutional adoption

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real world applications like stable coins

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uh huh um

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and also you know

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maybe a favorable economic environment yeah

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um

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what jumps out at you from all this material when you

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when you take a look at it

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what's interesting that you're looking at

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Ethereum is not just a potential price increase right

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but also its role in the future of financing technology

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yeah and this article from chaos of money

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points to a lot of those things that

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that you mentioned institutional adoption

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those real world applications yeah

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um and that economic environment yeah

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so what are your initial thoughts on those factors

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well let's dive right in

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one of the most interesting things

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I think is this whole thing about Ethereum etfs

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sure you know

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you probably seen a lot of news about them taking off

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but back in November did you know that Ethereum

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etfs actually pulled in more investment than Bitcoin

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etfs wow

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for the first time ever

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so people poured almost $333 million into Ethereum etfs

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interesting

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and Bitcoin was kind of left in the dust there

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wow what do you make of that kind of shift

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well I think the emergence of Ethereum

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etfs is a significant development yeah

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that shows that um

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ethereum is really kind of breaking into the mainstream

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right and

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it's a huge sign that institutional investors

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are starting to see Ethereum as more than just a

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a speculative asset it signals that they're recognizing

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the potential of its underlying technology and

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and its potential to disrupt traditional finance

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yeah that's really interesting yeah

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why do you think

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institutions are choosing Ethereum over other cryptos

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like what do they see that

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maybe the average investor isn't seeing

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while institutions conduct extensive research

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in due diligence before making investment decisions

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right and the case of Ethereum

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they're recognizing several key advantages yeah

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um first

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ethereum has a robust and growing ecosystem of

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what we call DAPs

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decentralized applications yeah

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spanning various sectors from finance to gaming

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to supply chain management okay

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and this diverse ecosystem

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demonstrates the platform's versatility and potential

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for real world adoption so it's not just about

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you know the price going up

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it's about it's not just about speculation right

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it's about utility yeah

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it's about what you can do with it okay

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second

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Ethereum has a large and active developer community

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uh huh

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constantly innovating and building new applications

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yeah and this ensures that

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the platform remains

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at the forefront of blockchain technology

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and third

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Ethereum has a strong track record of security

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in resilience yeah

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having withstood the test of time

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mmm hmm and various market cycles right

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so this makes it attractive

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right for risk diverse institutional investors yeah

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so it sounds like they're really looking at its utility

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yeah and its potential for

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for growth absolutely okay

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um and I think

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you know the article also

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really emphasizes that

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this isn't just about speculation

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it's about institutions seeing it as a technology play

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exactly as much as an investment

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can you maybe expand on that a little bit

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sure what do you mean by that

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so they're exploring its use

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in areas like decentralized finance

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or defi tokenization of real world assets

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and even supply chain management

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right and these have the potential to revolutionize

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industries and create new business models

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for example tokenizing real estate on Ethereum

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could make buying and selling property

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right faster

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more efficient and accessible

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yeah to a wider range of investors

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so

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what are your thoughts on those potential applications

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it's fascinating to think about like

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how it could really change

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it really could how we interact with assets and value

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yeah but one thing

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I know that you've mentioned to me before is like

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this whole issue of high network fees on Ethereum

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yeah this is kind of a common criticism that we hear

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right and I'm wondering

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you know are these institutions concerned about that

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yeah is this something that could kind of hinder

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Ethereum's growth it's a valid concern

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yeah um

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and it results from its popularity

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yeah and the limited capacity of its blockchain

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to process transactions

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so it's kind of a victim of its own success in a way

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you could say that yeah

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um however

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there are solutions in development to address this

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layer 2 scaling solutions

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yeah like optimism and arbitram

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these are being implemented to increase transaction

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through put

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so it's almost like creating like an express lane

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exact on the highway yeah

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additionally Ethereum's transition to a proof of state

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consensus mechanism right

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is expected to improve its efficiency in scalability

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okay so high fees are a current challenge

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right but they're not an insurmountable obstacle

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right and the Ethereum

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community is actively working to solve them

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that makes sense it sounds like

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they are evolving to meet those challenges

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they are

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the article also points out that it already has a

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really thriving ecosystem

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right with a huge number of projects being built on it

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it does and in fact

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it hosts 75% of all defi protocols

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wow

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that's a pretty dominant position

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what's your take on that

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I think the sheer volume of activity

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happening on Ethereum right

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is a testament to the network's strength

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and the trust it is garnered

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think about it yeah

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we've got uniswap makerdao

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yeah big players all built on Ethereum right

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handling billions of dollars in transactions every day

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wow this level of activity attracts developers

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innovators and users

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yeah creating a cycle of growth

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yeah so it's very exciting

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so we've talked about institutional adoption

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yes that growing ecosystem

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the potential for real world applications

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but what about the real world impact

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it's already having yeah

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where do you see

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the most significant evidence of its practical use

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well

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when we look at the tangible impact Ethereum is having

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two areas immediately come to mind okay

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stable coins and the tokenization of real world assets

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okay have you been following those areas much

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I've been reading a lot about stablecoins lately

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okay especially

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you know this idea

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that they have the potential to really disrupt

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traditional payment systems

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yeah and you shared some research with me from a 16 z

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I did that really kind of highlights their advantages

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yeah faster transactions

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lower fees and global reach right

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those are some pretty compelling benefits

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especially in today's world

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what are your thoughts on that

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I think that a sixteens research yeah

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paints a very compelling picture of a future

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right

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where stable coins built on networks like Ethereum

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become the preferred way to move money

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around the globe wow

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you know yeah

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imagine being able to send money to anyone

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anywhere in the world right

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almost instantly right

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for a fraction of the cost yeah

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of traditional methods yeah

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it's a game changer for remittances

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cross border payments and

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anyone who needs to send money quickly and affordably

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absolutely right

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and they actually included a chart yeah

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that compares stable coins to traditional methods

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like credit cards wire transfers

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and ACH transfers and the difference is striking yeah

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double coins just really outperform

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they do the traditional options on speed

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cost and accessibility yes

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and they have this great line

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oh yeah

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in the research where they say

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like

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water payments flow to the path of least resistance

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mmm hmm what do you think they mean by that

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well I think that quote yeah

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perfectly captures the essence of stablecoin disruption

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right just as water naturally seeks the easiest path

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people are gonna gravitate towards payment solutions

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yeah that offer the most convenience

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efficiency and value right

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and right now yeah

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stable coins particularly those built on Ethereum

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represent that path of least resistance

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yeah it's a powerful idea

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it is the article also mentions that Ethereum based

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stable coin transactions surpassed $8 trillion in 2024

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that's incredible that's a mind blowing figure

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it really makes you realize

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how significant this is becoming

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yeah and it's a testament to the growing adoption

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yeah utility of stable coins right

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you know people are

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increasingly using them for everyday transactions right

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remittances and even as a store of value

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yeah in countries with unstable currencies right

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so this surgeon

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usage really strengthens

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Ethereum's position as that leading platform

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yeah for real world blockchain applications

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okay let's shift gears a little bit

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and talk about tokenization

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sure

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this is another area where it's making a big impact

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but it's a little more complex to get your head around

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can you maybe break it down for us

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and explain why it matters

283
00:10:01,866 --> 00:10:03,800
so think of tokenization

284
00:10:03,800 --> 00:10:06,666
as creating digital representations

285
00:10:06,966 --> 00:10:10,100
of real world assets on the blockchain

286
00:10:10,333 --> 00:10:12,466
things like stocks bonds

287
00:10:12,733 --> 00:10:14,333
real estate even artwork

288
00:10:14,333 --> 00:10:16,166
right can be tokenized right

289
00:10:16,166 --> 00:10:19,200
and this unlocks a whole new level of liquidity

290
00:10:19,266 --> 00:10:20,966
okay and accessibility

291
00:10:21,300 --> 00:10:21,600
okay

292
00:10:21,600 --> 00:10:24,900
so instead of owning a physical piece of real estate

293
00:10:24,900 --> 00:10:27,000
right you could own a token

294
00:10:27,133 --> 00:10:30,400
yes that represents a portion of that property exactly

295
00:10:30,400 --> 00:10:31,866
okay instead of going through a lengthy

296
00:10:31,866 --> 00:10:33,866
and expensive process to buy

297
00:10:33,866 --> 00:10:35,100
or sell right

298
00:10:35,133 --> 00:10:37,133
you can trade those tokens right

299
00:10:37,133 --> 00:10:38,733
quickly and efficiently wow

300
00:10:38,733 --> 00:10:40,566
on a decentralized exchange

301
00:10:40,566 --> 00:10:41,533
that's really interesting

302
00:10:41,533 --> 00:10:44,100
yeah it seems like it could really democratize access

303
00:10:44,100 --> 00:10:44,766
it really could

304
00:10:44,766 --> 00:10:47,966
to investments that were previously only available to

305
00:10:47,966 --> 00:10:50,200
like the wealthy absolutely

306
00:10:50,300 --> 00:10:52,700
are we seeing real world examples of this happening

307
00:10:52,700 --> 00:10:54,000
yes we are already

308
00:10:54,000 --> 00:10:56,766
JP Morgan one of the largest banks in the world

309
00:10:56,766 --> 00:11:01,033
issued its first tokenized bond on Ethereum in 2024

310
00:11:01,300 --> 00:11:03,866
wow and they specifically chose Ethereum

311
00:11:03,866 --> 00:11:06,900
because of its security and scalability okay

312
00:11:06,900 --> 00:11:11,100
so when a major player like JP Morgan is doing that

313
00:11:11,100 --> 00:11:12,700
yes that's sending a signal

314
00:11:12,766 --> 00:11:13,866
it is okay

315
00:11:13,866 --> 00:11:17,000
so we've got stable coins disrupting payments right

316
00:11:17,000 --> 00:11:17,900
tokenization

317
00:11:17,900 --> 00:11:19,900
opening up these new investment opportunities

318
00:11:19,900 --> 00:11:20,700
yeah

319
00:11:21,300 --> 00:11:24,000
it sounds like a pretty bright future for Ethereum

320
00:11:24,000 --> 00:11:24,900
it does but I think

321
00:11:24,900 --> 00:11:27,166
we need to talk about the regulatory landscape

322
00:11:27,166 --> 00:11:29,466
because governments around the world

323
00:11:29,566 --> 00:11:32,533
are still figuring out how to deal with crypto extra

324
00:11:32,533 --> 00:11:33,800
and that uncertainty

325
00:11:33,800 --> 00:11:37,100
could be a major roadblock for adoption right

326
00:11:37,300 --> 00:11:40,266
what's your take on kind of the regulatory landscape

327
00:11:40,266 --> 00:11:42,400
and how it might impact Ethereum

328
00:11:42,566 --> 00:11:45,000
well the regulatory landscape is constantly evolving

329
00:11:45,000 --> 00:11:47,700
yeah but I think there are positive developments

330
00:11:47,933 --> 00:11:51,500
that are suggesting a more favorable environment

331
00:11:51,500 --> 00:11:53,333
yeah is emerging okay

332
00:11:53,333 --> 00:11:55,266
particularly in the US okay

333
00:11:55,266 --> 00:11:56,733
you know the recent election

334
00:11:56,733 --> 00:12:00,466
right resulted in a more pro innovation stance

335
00:12:00,466 --> 00:12:01,000
oh wait

336
00:12:01,000 --> 00:12:02,200
from the government yep

337
00:12:02,200 --> 00:12:05,100
recognizing the importance of fostering growth

338
00:12:05,266 --> 00:12:07,800
in the tech sector including crypto

339
00:12:07,800 --> 00:12:10,566
so kind of a less restrictive approach exactly

340
00:12:10,566 --> 00:12:13,366
compared to maybe previous administration yes

341
00:12:13,366 --> 00:12:15,166
there's a growing understanding

342
00:12:15,166 --> 00:12:17,700
that stifling regulations

343
00:12:17,733 --> 00:12:20,733
could hinder American leadership right

344
00:12:20,733 --> 00:12:22,466
and no one wants to fall behind

345
00:12:22,466 --> 00:12:25,600
yeah in this global tech race right

346
00:12:25,600 --> 00:12:26,800
and in addition

347
00:12:26,800 --> 00:12:30,000
there's growing momentum behind initiatives like fi t

348
00:12:30,000 --> 00:12:31,300
21 right

349
00:12:31,466 --> 00:12:34,500
which aim to provide regulatory clarity

350
00:12:34,500 --> 00:12:36,266
right for the industry

351
00:12:36,266 --> 00:12:39,333
I've heard a little bit about Fi t 21 yeah

352
00:12:39,333 --> 00:12:41,766
but I'm not sure I totally understand what it entails

353
00:12:41,766 --> 00:12:43,566
okay can you maybe give me like

354
00:12:43,566 --> 00:12:45,066
the quick rundown on what that is

355
00:12:45,066 --> 00:12:46,766
and why it's important fi t

356
00:12:46,766 --> 00:12:49,666
21 is a legislative plan

357
00:12:49,766 --> 00:12:52,966
that aims to simplify and clarify the rules okay

358
00:12:52,966 --> 00:12:55,200
for the crypto industry in the US right

359
00:12:55,200 --> 00:12:56,300
because right now

360
00:12:56,300 --> 00:12:59,766
there's a lot of ambiguity about who oversees what

361
00:12:59,766 --> 00:13:01,533
and what the rules are it's very confusing

362
00:13:01,533 --> 00:13:02,566
very confusing yeah

363
00:13:02,566 --> 00:13:03,933
so this makes businesses

364
00:13:03,933 --> 00:13:06,200
and investors hesitant to get involved

365
00:13:06,200 --> 00:13:10,333
and so F a t 21 seeks to define roles more clearly

366
00:13:10,333 --> 00:13:14,600
yeah provide legal certainty and streamline the process

367
00:13:14,600 --> 00:13:18,300
okay it's all about fostering responsible innovation

368
00:13:18,533 --> 00:13:20,333
within a clear framework so

369
00:13:20,333 --> 00:13:20,700
it's like

370
00:13:20,700 --> 00:13:23,366
everybody understanding the rules of the game exactly

371
00:13:23,366 --> 00:13:26,333
and how would this specifically benefit Ethereum

372
00:13:26,333 --> 00:13:28,133
well as the leading platform

373
00:13:28,133 --> 00:13:30,300
right for blockchain applications

374
00:13:30,500 --> 00:13:33,066
ethereum stands to gain enormously

375
00:13:33,066 --> 00:13:35,600
right from a more defined regulatory framework

376
00:13:35,600 --> 00:13:36,900
yeah us okay

377
00:13:36,900 --> 00:13:38,866
greater regulatory clarity will

378
00:13:38,866 --> 00:13:40,966
attract more institutional investors

379
00:13:40,966 --> 00:13:43,133
right who are seeking that stability right

380
00:13:43,133 --> 00:13:46,500
it'll encourage businesses to build on Ethereum

381
00:13:46,866 --> 00:13:48,866
knowing that they're operating within a clear

382
00:13:48,866 --> 00:13:50,266
legal framework right

383
00:13:50,266 --> 00:13:50,966
so ultimately

384
00:13:50,966 --> 00:13:53,466
it could accelerate Ethereum's integration

385
00:13:53,466 --> 00:13:55,733
right into mainstream financing technology

386
00:13:55,733 --> 00:13:57,566
that makes sense it could be a win win

387
00:13:57,566 --> 00:13:59,666
yeah for both the industry and regulators

388
00:13:59,666 --> 00:14:01,100
okay let's move on

389
00:14:01,366 --> 00:14:05,300
to this idea of Ethereum becoming a truly global asset

390
00:14:05,300 --> 00:14:07,000
what are some of the things that are happening

391
00:14:07,000 --> 00:14:09,133
that are really contributing to that

392
00:14:09,133 --> 00:14:12,666
well it's becoming increasingly clear that it's appeal

393
00:14:13,333 --> 00:14:17,166
extends far beyond the traditional tech hubs right

394
00:14:17,166 --> 00:14:18,866
you know cities like Vancouver

395
00:14:19,066 --> 00:14:21,566
are exploring the creation of crypto reserves

396
00:14:21,566 --> 00:14:24,733
wow recognizing the potential of digital assets

397
00:14:24,733 --> 00:14:26,666
to diversify their holdings

398
00:14:26,666 --> 00:14:28,100
and hedge against inflation

399
00:14:28,100 --> 00:14:32,800
wow imagine a city holding a portion of its treasury

400
00:14:32,800 --> 00:14:34,466
wow in Ethereum

401
00:14:34,466 --> 00:14:35,766
that's pretty forward thinking

402
00:14:35,766 --> 00:14:36,533
it is yeah

403
00:14:36,533 --> 00:14:37,900
and it's not just cities yeah

404
00:14:37,900 --> 00:14:39,666
entire states are getting involved

405
00:14:39,766 --> 00:14:40,666
States like Texas

406
00:14:40,666 --> 00:14:43,500
and Florida are actively courting crypto businesses

407
00:14:43,500 --> 00:14:45,466
interesting creating these favorable

408
00:14:45,466 --> 00:14:47,600
regulatory environments to attract investment

409
00:14:47,600 --> 00:14:50,333
okay so they recognize the economic potential

410
00:14:50,333 --> 00:14:53,766
yeah and they're vying to become cryptohubs interesting

411
00:14:53,766 --> 00:14:57,800
yeah and how does this global trend benefit Ethereum

412
00:14:57,800 --> 00:14:58,766
specifically well

413
00:14:58,766 --> 00:14:59,800
as these regions

414
00:14:59,800 --> 00:15:02,533
and institutions explore blockchain technology

415
00:15:02,533 --> 00:15:05,066
yeah they're looking for established platforms

416
00:15:05,066 --> 00:15:07,033
right with a proven track record

417
00:15:07,333 --> 00:15:09,300
a strong developer community

418
00:15:09,366 --> 00:15:11,633
and robust security yeah

419
00:15:11,800 --> 00:15:14,400
and Ethereum ticks all those boxes yeah

420
00:15:14,400 --> 00:15:16,766
it's the established ecosystem yeah

421
00:15:16,766 --> 00:15:18,700
the first mover advantage yeah

422
00:15:18,700 --> 00:15:20,766
the reputation for security right

423
00:15:20,766 --> 00:15:22,366
it makes it a natural choice

424
00:15:22,366 --> 00:15:23,966
for governments and institutions

425
00:15:23,966 --> 00:15:26,533
okay looking to embrace this technology

426
00:15:26,533 --> 00:15:28,666
so this global momentum yeah

427
00:15:28,666 --> 00:15:30,966
could further solidify

428
00:15:30,966 --> 00:15:34,266
its position as the leading blockchain platform

429
00:15:34,500 --> 00:15:35,333
it could but

430
00:15:35,333 --> 00:15:37,533
you know amidst all this positivity

431
00:15:37,533 --> 00:15:39,466
right there are always critics

432
00:15:39,866 --> 00:15:40,166
of course

433
00:15:40,166 --> 00:15:42,733
what are some of the arguments that people make

434
00:15:42,733 --> 00:15:45,466
against investing in Ethereum yeah

435
00:15:45,466 --> 00:15:47,066
what should we be aware of

436
00:15:47,100 --> 00:15:50,100
well one common criticism is the issue of scalability

437
00:15:50,100 --> 00:15:52,766
okay as more people use Ethereum

438
00:15:52,766 --> 00:15:53,066
right

439
00:15:53,066 --> 00:15:56,333
transaction speeds can slow down and fees can increase

440
00:15:56,333 --> 00:15:56,500
right

441
00:15:56,500 --> 00:15:58,500
we talked about that a little bit with the network fees

442
00:15:58,500 --> 00:16:00,100
we did the pesky network fees

443
00:16:00,166 --> 00:16:01,533
so that's a valid concern

444
00:16:01,533 --> 00:16:02,666
especially if Ethereum

445
00:16:02,666 --> 00:16:05,266
aims to become this global financial system

446
00:16:05,366 --> 00:16:07,566
right because it needs to be able to handle

447
00:16:07,600 --> 00:16:09,066
it does the volume yeah

448
00:16:09,066 --> 00:16:11,333
so how do you counter that argument yeah

449
00:16:11,333 --> 00:16:13,266
is it keeping up what's true

450
00:16:13,533 --> 00:16:16,433
that it has faced these scalability challenges

451
00:16:16,600 --> 00:16:19,866
but the community is actively addressing them okay

452
00:16:19,866 --> 00:16:21,666
remember those layer 2 scaling solutions

453
00:16:21,666 --> 00:16:22,866
we talked about yeah

454
00:16:22,866 --> 00:16:24,766
optimism and arbitram right

455
00:16:24,766 --> 00:16:28,266
those are helping to take some of the load off okay

456
00:16:28,366 --> 00:16:29,900
the main Ethereum blockchain

457
00:16:29,900 --> 00:16:32,333
yeah and they're making a real difference okay

458
00:16:32,333 --> 00:16:35,100
good and Ethereum is also transitioning to that

459
00:16:35,100 --> 00:16:36,900
proof of state consensus mechanism

460
00:16:36,900 --> 00:16:39,400
right which is expected to improve its efficiency

461
00:16:39,400 --> 00:16:40,933
in scalability okay

462
00:16:40,933 --> 00:16:42,666
so these are big changes yeah

463
00:16:42,666 --> 00:16:45,600
and it shows that they are committed to evolving

464
00:16:45,600 --> 00:16:48,900
yeah and meeting those demands of a growing user base

465
00:16:48,900 --> 00:16:50,566
yeah that's good yeah

466
00:16:50,766 --> 00:16:52,700
I know another criticism

467
00:16:52,700 --> 00:16:54,300
that I hear sometimes is just that

468
00:16:54,300 --> 00:16:56,700
the technology itself can be complex

469
00:16:56,700 --> 00:16:58,033
it can be right

470
00:16:58,400 --> 00:16:59,900
and especially if you're new to all this

471
00:16:59,900 --> 00:17:00,866
yeah you know yeah

472
00:17:00,866 --> 00:17:01,933
it's like a whole new language

473
00:17:01,933 --> 00:17:03,200
it is yeah

474
00:17:03,200 --> 00:17:05,533
it is what advice would you give to someone

475
00:17:05,533 --> 00:17:07,966
who's interested in Ethereum right

476
00:17:08,366 --> 00:17:09,966
but feels a little overwhelmed

477
00:17:09,966 --> 00:17:11,866
yeah by all the jargon

478
00:17:11,866 --> 00:17:12,866
by the jargon yeah

479
00:17:12,866 --> 00:17:15,366
it's natural to feel overwhelmed at first sure

480
00:17:15,366 --> 00:17:18,666
um but don't let that discourage you right

481
00:17:18,700 --> 00:17:21,366
there are tons of resources available

482
00:17:21,400 --> 00:17:23,266
to help you understand the basics

483
00:17:23,266 --> 00:17:24,266
like what well

484
00:17:24,266 --> 00:17:26,766
you've got websites like Coindesk and Coin Telegraph

485
00:17:26,766 --> 00:17:28,666
yeah those are recutable sources

486
00:17:28,666 --> 00:17:29,100
yeah

487
00:17:29,100 --> 00:17:31,400
that break it down in a way that's easy to understand

488
00:17:31,400 --> 00:17:34,200
right you can also check out Ethereum's own website

489
00:17:34,566 --> 00:17:35,933
full of information for beginners

490
00:17:35,933 --> 00:17:37,266
yeah yeah

491
00:17:37,266 --> 00:17:38,900
and I've found that joining

492
00:17:38,900 --> 00:17:41,700
online communities can be really helpful too

493
00:17:41,700 --> 00:17:44,566
that's a great point there are so many people on Reddit

494
00:17:44,566 --> 00:17:47,533
on Twitter who are passionate about it

495
00:17:47,533 --> 00:17:49,200
and are really willing to

496
00:17:49,200 --> 00:17:51,133
answer questions and share their knowledge

497
00:17:51,133 --> 00:17:53,600
so it's a good way to surround yourself with people

498
00:17:53,600 --> 00:17:55,466
who are also learning absolutely

499
00:17:55,466 --> 00:17:56,333
so it's good to

500
00:17:56,333 --> 00:17:58,000
not feel like you have to figure it all out

501
00:17:58,000 --> 00:17:59,300
on your own exactly

502
00:17:59,300 --> 00:18:01,900
and remember there's no need to rush right

503
00:18:01,900 --> 00:18:04,100
take your time learn at your own pace

504
00:18:04,100 --> 00:18:07,166
yeah and just experiment with small amounts of ETH

505
00:18:07,166 --> 00:18:09,300
yeah to get comfortable with the technology

506
00:18:09,400 --> 00:18:10,900
that's good advice now I wanna

507
00:18:10,900 --> 00:18:13,666
talk about the macroeconomic factors that could

508
00:18:13,666 --> 00:18:16,100
impact Ethereum's future sure

509
00:18:16,300 --> 00:18:18,066
the chaos of money article

510
00:18:18,100 --> 00:18:20,133
mentioned quantitative easing

511
00:18:20,133 --> 00:18:21,700
or Q E uh huh

512
00:18:21,700 --> 00:18:23,366
can you remind us what that is

513
00:18:23,366 --> 00:18:25,866
and why it matters in this context

514
00:18:25,866 --> 00:18:28,833
so remember that whole money printer goberr

515
00:18:28,866 --> 00:18:31,566
yeah meme a few years back

516
00:18:31,666 --> 00:18:34,466
well quantitative easing is kind of like that okay

517
00:18:34,466 --> 00:18:36,300
but in real life yeah

518
00:18:36,300 --> 00:18:39,500
it's when central banks inject money into the economy

519
00:18:39,500 --> 00:18:41,200
right to stimulate growth

520
00:18:41,200 --> 00:18:42,266
right and often

521
00:18:42,266 --> 00:18:45,000
they do this by buying assets like government bonds

522
00:18:45,000 --> 00:18:47,400
right which increases the money supply right

523
00:18:47,533 --> 00:18:48,400
and historically

524
00:18:48,400 --> 00:18:51,566
we've seen that crypto assets like ethereum

525
00:18:51,566 --> 00:18:55,500
yeah tend to do well during those periods of Q E okay

526
00:18:55,500 --> 00:18:57,933
so more money in the system tends to

527
00:18:57,933 --> 00:19:00,766
push asset prices higher exactly okay

528
00:19:00,766 --> 00:19:03,866
but is that the only reason why Q E could be good

529
00:19:04,000 --> 00:19:06,466
no kiwi can also lead to inflation

530
00:19:06,466 --> 00:19:10,000
right which erodes the value of fiat currencies

531
00:19:10,000 --> 00:19:11,233
like the US dollar

532
00:19:12,100 --> 00:19:14,000
so people turn to assets like gold

533
00:19:14,000 --> 00:19:18,200
yeah and increasingly cryptocurrencies like Ethereum

534
00:19:18,200 --> 00:19:20,900
okay as a hedge against that inflation right

535
00:19:20,966 --> 00:19:22,166
so Ethereum

536
00:19:22,166 --> 00:19:25,466
with its limited supply and decentralized nature

537
00:19:25,466 --> 00:19:27,933
yeah can be seen as a store of value right

538
00:19:27,933 --> 00:19:30,333
like digital gold almost exactly

539
00:19:30,333 --> 00:19:31,300
the article also

540
00:19:31,300 --> 00:19:34,933
mentions something called an uninverting yield curve

541
00:19:34,933 --> 00:19:35,533
ah yes

542
00:19:35,533 --> 00:19:36,966
which to be honest

543
00:19:36,966 --> 00:19:39,300
sounds kind of complicated a little bit

544
00:19:39,300 --> 00:19:40,966
can you explain what that means

545
00:19:40,966 --> 00:19:43,200
sure and why it could be good news for Ethereum

546
00:19:43,566 --> 00:19:46,600
so imagine a graph that shows interest rates okay

547
00:19:46,600 --> 00:19:48,933
for bonds with different maturity dates okay

548
00:19:48,933 --> 00:19:50,500
that's the yield curve okay

549
00:19:50,500 --> 00:19:52,600
and when it's inverted it means that short term

550
00:19:52,600 --> 00:19:55,600
interest rates are higher than long term rates okay

551
00:19:55,666 --> 00:19:57,766
and that's often seen as a sign of

552
00:19:57,766 --> 00:19:59,700
a potential recession oh okay

553
00:19:59,700 --> 00:20:01,533
an uninverting yield curve right

554
00:20:01,533 --> 00:20:03,266
means that situations were reversing

555
00:20:03,266 --> 00:20:05,366
and suggesting that investors are more

556
00:20:05,366 --> 00:20:07,066
optimistic about the future

557
00:20:07,133 --> 00:20:09,366
so a shift from fear exactly

558
00:20:09,366 --> 00:20:10,666
to confidence yeah

559
00:20:10,666 --> 00:20:13,100
okay and how does that relate to Ethereum

560
00:20:13,133 --> 00:20:15,733
well when investors feel confident about the economy

561
00:20:15,733 --> 00:20:19,600
right they're more likely to invest in risk on assets

562
00:20:19,600 --> 00:20:23,933
right like stocks and yes cryptocurrencies okay

563
00:20:23,933 --> 00:20:25,000
so Ethereum

564
00:20:25,000 --> 00:20:28,500
could benefit from this increased risk appetite right

565
00:20:28,500 --> 00:20:31,200
as investors seek those higher potential returns

566
00:20:31,200 --> 00:20:33,666
so it seems like there are a lot of macro

567
00:20:33,666 --> 00:20:36,200
economic factors that are kind of lining up

568
00:20:36,200 --> 00:20:39,066
they are that could be favorable for Ethereum

569
00:20:39,333 --> 00:20:41,966
the chaos of money article even suggests that global

570
00:20:41,966 --> 00:20:43,300
central banks might resume

571
00:20:43,300 --> 00:20:44,300
Q e

572
00:20:44,500 --> 00:20:45,066
oh wow

573
00:20:45,066 --> 00:20:46,900
in 2025 interesting

574
00:20:46,900 --> 00:20:49,033
which could create even more of a tailwind

575
00:20:49,066 --> 00:20:49,766
could right

576
00:20:49,766 --> 00:20:52,400
yeah but we've also talked about some risks

577
00:20:52,400 --> 00:20:54,000
of course and criticisms right

578
00:20:54,000 --> 00:20:56,300
so taking all of that into consideration

579
00:20:56,500 --> 00:21:00,466
do you think this contrarian bet idea still holds up

580
00:21:00,466 --> 00:21:02,766
well it's becoming less contrarian all the time

581
00:21:02,766 --> 00:21:05,966
you know when that chaos of money article was written

582
00:21:05,966 --> 00:21:08,966
yeah the idea of Ethereum surpassing Bitcoin

583
00:21:08,966 --> 00:21:10,666
seemed pretty bold right

584
00:21:10,933 --> 00:21:13,300
but the evidence we've discussed right

585
00:21:13,300 --> 00:21:15,700
you know the institutional adoption right

586
00:21:15,700 --> 00:21:17,533
the real world applications

587
00:21:17,533 --> 00:21:18,866
macro trends right

588
00:21:18,866 --> 00:21:21,866
and even the shift in the regulatory landscape right

589
00:21:21,900 --> 00:21:25,000
all point to a very bright future yeah

590
00:21:25,000 --> 00:21:26,966
but you wouldn't say it's a sure thing

591
00:21:26,966 --> 00:21:27,933
of course not right

592
00:21:27,933 --> 00:21:31,000
there are always risks in any investment right

593
00:21:31,000 --> 00:21:32,800
and crypto's no exception right

594
00:21:34,000 --> 00:21:38,100
but I believe based on those fundamentals

595
00:21:38,366 --> 00:21:40,166
based on that growing adoption

596
00:21:40,166 --> 00:21:42,500
yeah and the overall momentum right

597
00:21:42,500 --> 00:21:43,533
that Ethereum is

598
00:21:43,533 --> 00:21:46,400
well positioned to continue its growth trajectory okay

599
00:21:46,400 --> 00:21:48,066
but let's play devil's advocate okay

600
00:21:48,066 --> 00:21:50,066
what are some potential risks

601
00:21:50,133 --> 00:21:52,133
uh huh that people should be aware of yeah

602
00:21:52,133 --> 00:21:54,300
what could derail Ethereum success

603
00:21:54,300 --> 00:21:57,466
well I think one risk is regulatory uncertainty okay

604
00:21:57,466 --> 00:21:59,166
you know governments around the world are skin

605
00:21:59,166 --> 00:22:01,833
figuring out how to regulate crypto

606
00:22:01,866 --> 00:22:04,866
and sudden policy changes could negatively

607
00:22:04,866 --> 00:22:06,633
impact the market yeah

608
00:22:07,100 --> 00:22:09,166
we talked about the positive developments in the US

609
00:22:09,166 --> 00:22:11,800
right but things can change yeah

610
00:22:11,800 --> 00:22:14,066
and other countries might take a more restrictive

611
00:22:14,066 --> 00:22:17,000
approach so even though things are looking good now

612
00:22:17,100 --> 00:22:19,900
yeah there's no guarantee it's gonna stay that way yeah

613
00:22:19,900 --> 00:22:21,866
what else should people be thinking about

614
00:22:21,866 --> 00:22:24,133
well another risk is competition okay

615
00:22:24,133 --> 00:22:24,900
you know yeah

616
00:22:24,900 --> 00:22:27,066
new blockchains are emerging all the time right

617
00:22:27,066 --> 00:22:28,766
some claiming to be faster

618
00:22:28,766 --> 00:22:32,433
cheaper or more scalable than Ethereum

619
00:22:32,766 --> 00:22:35,533
so it's not just about what Ethereum's doing today

620
00:22:35,533 --> 00:22:37,533
it's about how it continues to adapt

621
00:22:37,533 --> 00:22:38,533
it is it is

622
00:22:38,533 --> 00:22:40,366
we've covered a lot of ground today yeah

623
00:22:40,366 --> 00:22:41,200
we have and I

624
00:22:41,200 --> 00:22:43,866
think we've given our listener a good overview

625
00:22:44,400 --> 00:22:47,266
of Ethereum's potential right

626
00:22:47,266 --> 00:22:49,400
the challenges it faces yeah

627
00:22:49,400 --> 00:22:51,900
and the factors that could influence its future

628
00:22:51,900 --> 00:22:53,666
absolutely any final thoughts

629
00:22:53,666 --> 00:22:55,533
I think the key takeaway yeah

630
00:22:55,533 --> 00:22:59,466
is that ethereum is more than just a cryptocurrency

631
00:22:59,466 --> 00:23:03,733
right it's a platform with real world applications

632
00:23:03,733 --> 00:23:06,600
yeah that are changing the way we think about finance

633
00:23:06,600 --> 00:23:08,933
technology and even society

634
00:23:08,933 --> 00:23:11,100
wow it's still early days

635
00:23:11,300 --> 00:23:13,700
but the potential is enormous yeah

636
00:23:13,700 --> 00:23:17,366
whether becomes the king of crypto remains to be seen

637
00:23:17,366 --> 00:23:20,766
right but I think its role as the driving force

638
00:23:20,766 --> 00:23:24,400
right in this decentralized future is undeniable

639
00:23:24,400 --> 00:23:26,733
I agree it's been a fascinating deep dive

640
00:23:26,733 --> 00:23:28,766
yeah and I think we've all Learned a lot

641
00:23:28,766 --> 00:23:30,666
I think so too so to our listener

642
00:23:30,666 --> 00:23:34,700
yeah we encourage you to keep exploring the space

643
00:23:34,700 --> 00:23:38,166
stay curious and never stop learning absolutely

644
00:23:38,166 --> 00:23:40,600
the future of finance and technology is being written

645
00:23:40,600 --> 00:23:44,066
right now and you have the opportunity to be part of it

646
00:23:44,066 --> 00:23:45,133
you do it's true

647
00:23:45,133 --> 00:23:47,433
there are always two sides to every story right

648
00:23:47,933 --> 00:23:50,266
what are some of the arguments that people make

649
00:23:50,266 --> 00:23:51,900
against investing in Ethereum

650
00:23:51,900 --> 00:23:53,500
what should we be aware of yeah

651
00:23:53,500 --> 00:23:55,166
what are the things that people say

652
00:23:55,166 --> 00:23:57,233
you know to be cautious about

653
00:23:57,333 --> 00:23:57,600
well

654
00:23:57,600 --> 00:24:00,500
one common criticism is this whole issue of scalability

655
00:24:00,500 --> 00:24:01,400
okay you know

656
00:24:01,400 --> 00:24:03,200
as more people use Ethereum

657
00:24:03,266 --> 00:24:05,333
those transaction speeds can slow down

658
00:24:05,333 --> 00:24:07,300
right and the fees can increase right

659
00:24:07,300 --> 00:24:08,466
we talked about that a little bit

660
00:24:08,466 --> 00:24:10,366
the pesky network fees yeah

661
00:24:10,366 --> 00:24:12,466
and this is a valid concern right

662
00:24:12,500 --> 00:24:15,100
especially if Ethereum wants to become this global

663
00:24:15,100 --> 00:24:16,366
financial system right

664
00:24:16,366 --> 00:24:18,200
it needs to be able to handle it comes

665
00:24:18,200 --> 00:24:19,900
that kind of volume yeah

666
00:24:19,900 --> 00:24:21,666
so how do you counter that argument

667
00:24:21,666 --> 00:24:23,066
yeah is it keeping up

668
00:24:23,100 --> 00:24:23,966
it's true

669
00:24:23,966 --> 00:24:26,766
that Ethereum has faced these scalability challenges

670
00:24:26,766 --> 00:24:30,000
yeah but the community is actively addressing them

671
00:24:30,000 --> 00:24:30,933
okay you know

672
00:24:30,933 --> 00:24:33,166
we talked about those layer 2 scaling solutions

673
00:24:33,166 --> 00:24:35,200
right like optimism and arbitram

674
00:24:35,200 --> 00:24:36,766
exactly optimism and arbitram

675
00:24:36,766 --> 00:24:37,200
yeah

676
00:24:37,200 --> 00:24:40,533
those are really helping to take some of that load off

677
00:24:40,533 --> 00:24:42,700
okay the main Ethereum blockchain

678
00:24:42,700 --> 00:24:44,533
yeah and they're making a real difference

679
00:24:44,533 --> 00:24:45,300
okay good

680
00:24:45,300 --> 00:24:46,500
and Ethereum is also

681
00:24:46,500 --> 00:24:48,266
transitioning to that proof of state

682
00:24:48,266 --> 00:24:49,900
consensus mechanism right

683
00:24:49,900 --> 00:24:52,400
which should improve its efficiency and scalability

684
00:24:52,400 --> 00:24:54,500
okay so these are big changes

685
00:24:54,500 --> 00:24:57,466
yeah and they show that Ethereum is committed

686
00:24:57,466 --> 00:24:59,900
to evolving and meeting the demands

687
00:24:59,900 --> 00:25:02,266
right of that growing user base

688
00:25:02,266 --> 00:25:04,166
okay that makes me feel better

689
00:25:04,166 --> 00:25:06,300
I know another criticism that we hear sometimes

690
00:25:06,300 --> 00:25:06,600
yeah

691
00:25:06,600 --> 00:25:10,266
it's just that the technology itself can be complex

692
00:25:10,266 --> 00:25:11,866
it can be right

693
00:25:12,066 --> 00:25:14,800
and for someone who's totally new to all of this right

694
00:25:14,800 --> 00:25:16,866
it can feel pretty intimidating

695
00:25:16,866 --> 00:25:17,766
it can yeah

696
00:25:17,766 --> 00:25:19,600
it's like a whole new language almost

697
00:25:19,600 --> 00:25:20,500
it is it is

698
00:25:20,500 --> 00:25:21,966
what advice would you give to someone

699
00:25:21,966 --> 00:25:24,033
who's interested in Ethereum

700
00:25:24,133 --> 00:25:26,666
but feeling a little bit overwhelmed by all the jargon

701
00:25:26,666 --> 00:25:29,100
well it's natural to feel overwhelmed at first

702
00:25:29,100 --> 00:25:31,600
yeah but don't let that discourage you right

703
00:25:31,733 --> 00:25:34,366
there are a ton of resources available to help you

704
00:25:34,366 --> 00:25:36,000
understand the basics

705
00:25:36,000 --> 00:25:37,966
like what what would you recommend

706
00:25:37,966 --> 00:25:38,766
well

707
00:25:38,800 --> 00:25:41,766
you've got websites like Coindesk and cointelograph

708
00:25:41,766 --> 00:25:45,800
yeah those are reputable sources that can really

709
00:25:45,866 --> 00:25:47,300
break things down right

710
00:25:47,300 --> 00:25:49,200
in a way that's easy to understand yeah

711
00:25:49,200 --> 00:25:51,566
you can also check out Ethereum's own website right

712
00:25:51,566 --> 00:25:53,866
it's full of information for beginners right

713
00:25:53,866 --> 00:25:55,900
yeah and I found that joining online

714
00:25:55,900 --> 00:25:57,800
communities can be really helpful too

715
00:25:57,800 --> 00:25:58,966
that's a great point you know

716
00:25:58,966 --> 00:26:01,066
there are so many people on Reddit

717
00:26:01,200 --> 00:26:02,100
on Twitter yeah

718
00:26:02,100 --> 00:26:03,466
who are passionate about it

719
00:26:03,466 --> 00:26:05,500
and are really willing to answer questions

720
00:26:05,500 --> 00:26:06,466
and share their knowledge

721
00:26:06,466 --> 00:26:07,100
exactly so

722
00:26:07,100 --> 00:26:07,933
it's a good way to kind of

723
00:26:07,933 --> 00:26:09,666
surround yourself with other people

724
00:26:09,933 --> 00:26:11,700
absolutely who are also learning

725
00:26:11,700 --> 00:26:13,933
and remember there's no need to rush right

726
00:26:13,933 --> 00:26:16,366
take your time learn at your own pace

727
00:26:16,366 --> 00:26:18,966
yeah and experiment with small amounts of ETH

728
00:26:18,966 --> 00:26:21,333
yeah just to get comfortable with the technology

729
00:26:21,333 --> 00:26:22,900
that's good advice uh huh

730
00:26:23,300 --> 00:26:25,066
now I wanna talk about some of those

731
00:26:25,066 --> 00:26:27,866
macroeconomic factors that could impact

732
00:26:27,866 --> 00:26:29,366
Ethereum's future sure

733
00:26:29,500 --> 00:26:31,000
the chaos of money article

734
00:26:31,000 --> 00:26:34,200
specifically mentions quantitative easing

735
00:26:34,200 --> 00:26:35,600
or Q E uh huh

736
00:26:35,600 --> 00:26:36,933
can you remind us what that is

737
00:26:36,933 --> 00:26:38,700
and why it matters in this context

738
00:26:38,700 --> 00:26:40,266
remember that whole money printer

739
00:26:40,266 --> 00:26:42,266
go brr yeah meme

740
00:26:42,266 --> 00:26:42,733
oh yeah

741
00:26:42,733 --> 00:26:44,366
for a few years back yeah

742
00:26:44,566 --> 00:26:45,700
well quantitative easings

743
00:26:45,700 --> 00:26:46,866
kind of like that okay

744
00:26:46,866 --> 00:26:47,966
but in real life yeah

745
00:26:47,966 --> 00:26:48,766
in the real world

746
00:26:48,766 --> 00:26:52,566
it's when central banks inject money into the economy

747
00:26:52,566 --> 00:26:54,166
right to stimulate growth

748
00:26:54,166 --> 00:26:57,166
right and they often do this by buying assets

749
00:26:57,166 --> 00:26:58,566
like government bonds right

750
00:26:58,566 --> 00:27:01,266
which increases the money supply okay

751
00:27:01,266 --> 00:27:02,333
and historically

752
00:27:02,333 --> 00:27:05,600
we've seen that crypto assets like Ethereum

753
00:27:05,600 --> 00:27:07,100
tend to do well right

754
00:27:07,100 --> 00:27:08,466
during those periods of cue

755
00:27:08,466 --> 00:27:10,000
so more money in the system

756
00:27:10,000 --> 00:27:12,766
tends to push asset prices higher

757
00:27:12,933 --> 00:27:14,966
exactly including crypto okay

758
00:27:15,133 --> 00:27:16,966
but is that the only reason why Q E

759
00:27:16,966 --> 00:27:18,333
could be good for Ethereum

760
00:27:18,333 --> 00:27:20,733
no Q E can also lead to inflation

761
00:27:20,733 --> 00:27:24,533
right which erodes the value of fiat currencies

762
00:27:24,533 --> 00:27:26,066
like the US dollar yeah

763
00:27:26,066 --> 00:27:28,866
so people often turn to assets like gold

764
00:27:29,466 --> 00:27:32,200
and increasingly cryptocurrencies like Ethereum

765
00:27:32,200 --> 00:27:34,366
okay as a hedge against that inflation

766
00:27:34,366 --> 00:27:36,866
so it's almost like digital gold in a way

767
00:27:36,866 --> 00:27:38,266
exactly yeah

768
00:27:38,266 --> 00:27:40,200
the article also mentions something called an

769
00:27:40,200 --> 00:27:43,333
uninverting yield curve ah yes

770
00:27:43,333 --> 00:27:46,200
which to be honest sounds a little bit complicated

771
00:27:46,300 --> 00:27:47,566
it's a bit of a mouthful

772
00:27:47,566 --> 00:27:49,733
but it's actually not that complex okay

773
00:27:49,733 --> 00:27:52,100
so imagine a graph that shows interest rates

774
00:27:52,100 --> 00:27:55,533
okay for bonds with different maturity dates okay

775
00:27:55,533 --> 00:27:57,166
that's the yield curve right

776
00:27:57,266 --> 00:27:58,100
and when it's inverted

777
00:27:58,100 --> 00:28:00,366
it means that short term interest rates are higher

778
00:28:00,366 --> 00:28:02,166
than long term rates okay

779
00:28:02,166 --> 00:28:04,566
and that's often seen as a sign of a potential

780
00:28:04,566 --> 00:28:05,500
recession coming

781
00:28:05,500 --> 00:28:06,400
oh okay

782
00:28:06,400 --> 00:28:08,266
an uninverting yield curve

783
00:28:08,300 --> 00:28:10,966
just means that situation is reversing okay

784
00:28:10,966 --> 00:28:12,166
suggesting that investors

785
00:28:12,166 --> 00:28:14,600
are more optimistic about the future okay

786
00:28:14,600 --> 00:28:17,766
so it's kind of a shift from fear to confidence

787
00:28:17,766 --> 00:28:19,100
exactly okay yeah

788
00:28:19,100 --> 00:28:20,866
how does that relate to Ethereum

789
00:28:20,866 --> 00:28:23,700
well when investors feel confident about the economy

790
00:28:23,700 --> 00:28:24,500
right

791
00:28:24,700 --> 00:28:27,866
they're more likely to invest in what we call risk on

792
00:28:28,133 --> 00:28:29,100
assets okay

793
00:28:29,100 --> 00:28:30,766
things like stocks yeah

794
00:28:30,766 --> 00:28:32,800
and yes cryptocurrencies

795
00:28:32,800 --> 00:28:33,666
okay so

796
00:28:33,666 --> 00:28:34,133
Ethereum

797
00:28:34,133 --> 00:28:37,133
could benefit from this increased risk appetite

798
00:28:37,133 --> 00:28:40,866
right as investors seek those higher potential returns

799
00:28:40,866 --> 00:28:41,766
interesting yeah

800
00:28:41,766 --> 00:28:43,566
so it seems like there are a lot of macro

801
00:28:43,566 --> 00:28:47,300
economic factors that are kind of lining up yeah

802
00:28:47,300 --> 00:28:49,800
that could be favorable for Ethereum

803
00:28:49,800 --> 00:28:51,566
yeah the chaos of money article

804
00:28:51,566 --> 00:28:54,933
even suggest that global central banks might resume Q E

805
00:28:54,933 --> 00:28:57,200
in 2025 wow

806
00:28:57,333 --> 00:29:00,100
which would create even more of a tailwind for crypto

807
00:29:00,100 --> 00:29:01,333
it could it really could

808
00:29:01,333 --> 00:29:02,966
but we've also talked about some risks

809
00:29:02,966 --> 00:29:03,866
oh of course

810
00:29:03,866 --> 00:29:05,600
and criticisms right

811
00:29:05,600 --> 00:29:08,800
so taking all of that into consideration yeah

812
00:29:08,866 --> 00:29:12,866
do you think this contrarian bet idea still holds up

813
00:29:13,766 --> 00:29:14,200
you know what

814
00:29:14,200 --> 00:29:16,766
it's becoming less contrarian all the time

815
00:29:16,766 --> 00:29:19,966
right when that chaos of money article was written yeah

816
00:29:19,966 --> 00:29:22,800
the idea of Ethereum surpassing Bitcoin

817
00:29:23,000 --> 00:29:25,166
seemed pretty bold right

818
00:29:25,166 --> 00:29:27,500
it seemed far out there it did

819
00:29:27,500 --> 00:29:28,333
it did yeah

820
00:29:28,333 --> 00:29:29,066
but you know

821
00:29:29,066 --> 00:29:30,866
the evidence we've discussed today yeah

822
00:29:30,866 --> 00:29:32,366
the institutional adoption

823
00:29:32,366 --> 00:29:34,300
the real world applications right

824
00:29:34,300 --> 00:29:37,900
the macro trends the shift in the regulatory landscape

825
00:29:37,900 --> 00:29:40,933
right all point to a very bright future for Ethereum

826
00:29:40,933 --> 00:29:41,733
okay

827
00:29:42,166 --> 00:29:43,600
now I wouldn't say it's a sure thing

828
00:29:43,600 --> 00:29:44,200
of course not

829
00:29:44,200 --> 00:29:46,533
there are always risks with any investment

830
00:29:46,533 --> 00:29:48,333
and crypto's no exception right

831
00:29:48,333 --> 00:29:51,366
but I believe based on those fundamentals

832
00:29:51,366 --> 00:29:52,900
based on that growing adoption

833
00:29:52,900 --> 00:29:54,566
and that overall momentum

834
00:29:54,700 --> 00:29:55,200
I think

835
00:29:55,200 --> 00:29:57,666
Ethereum is well positioned to continue its growth

836
00:29:57,666 --> 00:29:59,000
trajectory okay

837
00:29:59,000 --> 00:30:02,466
but let's play devil's advocate for a minute okay

838
00:30:02,466 --> 00:30:04,166
what are some of those risks yeah

839
00:30:04,166 --> 00:30:05,666
that people should be aware of

840
00:30:05,666 --> 00:30:08,200
what are the things that could potentially

841
00:30:08,800 --> 00:30:10,633
derail Ethereum success

842
00:30:10,966 --> 00:30:14,700
I think one risk is that regulatory uncertainty okay

843
00:30:14,700 --> 00:30:18,000
you know governments around the world are still

844
00:30:18,300 --> 00:30:20,900
figuring out how to regulate crypto right

845
00:30:20,900 --> 00:30:22,533
and sudden policy changes

846
00:30:22,533 --> 00:30:25,100
could have a negative impact on the market right

847
00:30:25,100 --> 00:30:27,366
we've talked about the positive developments in the US

848
00:30:27,366 --> 00:30:29,366
right but things can change right

849
00:30:29,366 --> 00:30:31,300
and other countries might take a more restrictive

850
00:30:31,300 --> 00:30:34,266
approach so even though things are looking good now

851
00:30:34,266 --> 00:30:37,366
yeah doesn't mean that that's gonna continue exactly

852
00:30:37,800 --> 00:30:39,966
what else should people be thinking about

853
00:30:39,966 --> 00:30:42,400
another risk is competition okay

854
00:30:42,400 --> 00:30:45,133
you know new blockchains are merging all the time right

855
00:30:45,133 --> 00:30:46,366
there's always something new

856
00:30:46,366 --> 00:30:46,900
there is

857
00:30:46,900 --> 00:30:49,800
so it's not just about what Ethereum's doing today

858
00:30:49,800 --> 00:30:53,400
right it's about how it continues to adapt and evolve

859
00:30:53,400 --> 00:30:54,100
it is it is

860
00:30:54,100 --> 00:30:55,500
we've covered a lot of ground today

861
00:30:55,500 --> 00:30:57,666
we have and I think we've given our listener

862
00:30:57,666 --> 00:30:59,600
a pretty good overview yeah

863
00:30:59,600 --> 00:31:03,266
of Ethereum's potential the challenges that it faces

864
00:31:03,266 --> 00:31:06,200
right and the factors that could influence its future

865
00:31:06,200 --> 00:31:08,566
right any final thoughts before we wrap up

866
00:31:08,600 --> 00:31:09,933
I think the key takeaway here

867
00:31:09,933 --> 00:31:12,933
yeah is that Ethereum is more than just cryptocurrency

868
00:31:12,933 --> 00:31:16,066
right it's a platform with real world applications

869
00:31:16,066 --> 00:31:19,200
yeah that are changing the way we think about finance

870
00:31:19,200 --> 00:31:22,466
technology and even society wow

871
00:31:22,533 --> 00:31:24,166
that's a big statement it is

872
00:31:24,166 --> 00:31:27,466
it's still early days but the potential is enormous

873
00:31:27,466 --> 00:31:29,700
it is whether it becomes the king of crypto

874
00:31:29,700 --> 00:31:31,400
that remains to be seen right

875
00:31:31,466 --> 00:31:34,400
but I think its role as a driving force in this

876
00:31:34,400 --> 00:31:36,766
decentralized future is undeniable

877
00:31:36,766 --> 00:31:37,733
I agree well

878
00:31:37,733 --> 00:31:39,766
this has been a fascinating deep dive

879
00:31:39,766 --> 00:31:41,600
it has I think we've all Learned a lot

880
00:31:41,600 --> 00:31:42,900
me too to our listener

881
00:31:42,900 --> 00:31:45,700
we encourage you to keep exploring this space yes

882
00:31:45,700 --> 00:31:48,400
stay curious never stop learning

883
00:31:48,400 --> 00:31:50,066
absolutely the future of finance

884
00:31:50,066 --> 00:31:52,166
and technology is being written right now

885
00:31:52,400 --> 00:31:54,366
and you have the opportunity to be a part of it

886
00:31:54,366 --> 00:31:55,666
you do it's true

887
00:31:55,666 --> 00:31:58,566
there are always two sides to every story right

888
00:31:58,600 --> 00:32:00,900
what are some of the arguments that people make

889
00:32:00,966 --> 00:32:03,100
against investing in Ethereum

890
00:32:03,100 --> 00:32:04,500
what should we be aware of

891
00:32:04,500 --> 00:32:06,900
yeah what are the things that people say

892
00:32:07,000 --> 00:32:08,866
you know to be cautious about

893
00:32:08,933 --> 00:32:09,166
well

894
00:32:09,166 --> 00:32:12,866
one common criticism is this whole issue of scalability

895
00:32:12,866 --> 00:32:13,700
okay you know

896
00:32:13,700 --> 00:32:15,466
as more people use Ethereum

897
00:32:15,566 --> 00:32:17,900
those transaction speeds can slow down

898
00:32:17,900 --> 00:32:20,066
right and the fees can increase right

899
00:32:20,066 --> 00:32:21,100
we talked about that a little bit

900
00:32:21,100 --> 00:32:22,933
the pesky network fees yeah

901
00:32:22,933 --> 00:32:25,166
and this is a valid concern right

902
00:32:25,166 --> 00:32:25,933
especially if

903
00:32:25,933 --> 00:32:28,766
Ethereum wants to become this global financial system

904
00:32:28,766 --> 00:32:30,766
right it needs to be able to handle

905
00:32:30,766 --> 00:32:32,533
it does that kind of volume yeah

906
00:32:32,533 --> 00:32:34,866
so how do you counter that argument yeah

907
00:32:34,866 --> 00:32:37,100
keeping up it's true that

908
00:32:37,100 --> 00:32:39,866
Ethereum has faced these scalability challenges

909
00:32:39,866 --> 00:32:44,666
yeah but the community is actively addressing them okay

910
00:32:44,733 --> 00:32:47,066
you know we talked about those layer 2 scaling solution

911
00:32:47,066 --> 00:32:48,866
why like optimism and arbitrum

912
00:32:48,866 --> 00:32:50,566
exactly optimism and arbitrum

913
00:32:50,566 --> 00:32:50,933
yeah

914
00:32:50,933 --> 00:32:54,066
those are really helping to take some of that load off

915
00:32:54,066 --> 00:32:56,333
okay the main Ethereum blockchain

916
00:32:56,333 --> 00:32:57,966
yeah and they're making a real difference

917
00:32:57,966 --> 00:32:58,600
okay good

918
00:32:58,600 --> 00:32:58,933
and

919
00:32:58,933 --> 00:33:01,766
Ethereum is also transitioning to that proof of stake

920
00:33:01,933 --> 00:33:03,333
consensus mechanism

921
00:33:03,333 --> 00:33:06,300
which should improve its efficiency and scalability

922
00:33:06,300 --> 00:33:08,000
okay so these are big changes

923
00:33:08,000 --> 00:33:08,566
yeah

924
00:33:08,566 --> 00:33:11,666
and they show that Ethereum is committed to evolving

925
00:33:11,666 --> 00:33:13,400
and meeting the demands right

926
00:33:13,400 --> 00:33:15,066
of that growing user base okay

927
00:33:15,066 --> 00:33:16,300
that makes me feel better

928
00:33:16,566 --> 00:33:19,133
I know another criticism that we hear sometimes yeah

929
00:33:19,133 --> 00:33:22,266
it's just that the technology itself can be complex

930
00:33:22,733 --> 00:33:24,066
it can be right

931
00:33:24,066 --> 00:33:27,000
and for someone who's totally new to all of this right

932
00:33:27,000 --> 00:33:28,933
it can feel pretty intimidating

933
00:33:28,933 --> 00:33:30,200
it can yeah

934
00:33:30,200 --> 00:33:31,900
it's like a whole new language almost

935
00:33:31,900 --> 00:33:33,066
it is it is

936
00:33:33,066 --> 00:33:34,966
what advice would you give to someone

937
00:33:34,966 --> 00:33:36,700
who's interested in Ethereum

938
00:33:36,700 --> 00:33:37,500
uh huh

939
00:33:37,500 --> 00:33:40,066
but feeling a little bit overwhelmed by all the jargon

940
00:33:40,066 --> 00:33:43,366
well it's natural to feel overwhelmed at first right

941
00:33:43,400 --> 00:33:45,333
but don't let that discourage you right

942
00:33:45,333 --> 00:33:48,200
there are a ton of resources available

943
00:33:48,200 --> 00:33:49,933
to help you understand the basics

944
00:33:49,933 --> 00:33:51,666
like what what would you recommend

945
00:33:51,666 --> 00:33:53,733
well you've got websites like Coindesk

946
00:33:53,733 --> 00:33:55,233
Coin Telegraph yeah

947
00:33:55,300 --> 00:33:56,600
those are reputable sources

948
00:33:56,600 --> 00:33:58,100
that can really break things down

949
00:33:58,100 --> 00:33:59,133
right in a way

950
00:33:59,133 --> 00:34:00,366
that's easy to understand

951
00:34:00,366 --> 00:34:02,900
you can also check out Ethereum's own website right

952
00:34:02,900 --> 00:34:04,566
it's full of information for beginners

953
00:34:04,566 --> 00:34:05,366
right yeah

954
00:34:05,366 --> 00:34:06,866
and I found that joining online

955
00:34:06,866 --> 00:34:08,600
communities can be really helpful too

956
00:34:08,600 --> 00:34:09,766
that's a great point you know

957
00:34:09,766 --> 00:34:12,466
there's so many people on Reddit Twitter

958
00:34:12,466 --> 00:34:13,966
yep who are passionate about it

959
00:34:13,966 --> 00:34:16,200
and are really willing to answer questions

960
00:34:16,200 --> 00:34:17,900
and share their knowledge exactly

961
00:34:17,900 --> 00:34:19,266
so it's a good way to

962
00:34:19,266 --> 00:34:21,200
kind of surround yourself with other people

963
00:34:21,200 --> 00:34:22,700
who are also learning and remember

964
00:34:22,700 --> 00:34:24,700
there's no need to rush right

965
00:34:24,766 --> 00:34:27,000
take your time learn at your own pace

966
00:34:27,000 --> 00:34:29,700
yeah and experiment with small amounts of ETH

967
00:34:29,700 --> 00:34:32,133
yeah just to get comfortable with the technology

968
00:34:32,133 --> 00:34:33,666
that's good advice now

969
00:34:33,666 --> 00:34:35,200
I wanna talk about some of those macro

970
00:34:35,200 --> 00:34:39,366
economic factors that could impact Ethereum's future

971
00:34:39,366 --> 00:34:43,400
sure the chaos of money article specifically mentions

972
00:34:43,500 --> 00:34:46,266
quantitative easing or Q E

973
00:34:46,600 --> 00:34:48,466
can you remind us what that is

974
00:34:48,466 --> 00:34:50,500
yeah and why it matters in this context

975
00:34:50,500 --> 00:34:54,066
remember that whole money printer go BRR yeah yeah

976
00:34:54,066 --> 00:34:55,466
yeah a few years back

977
00:34:55,466 --> 00:34:56,133
yeah well

978
00:34:56,133 --> 00:34:58,133
quantitative easings kind of like that

979
00:34:58,133 --> 00:34:59,500
okay but in real life

980
00:34:59,500 --> 00:35:00,900
yeah in the real world

981
00:35:00,966 --> 00:35:03,900
it's when central banks inject money into the economy

982
00:35:03,900 --> 00:35:05,300
right to stimulate growth

983
00:35:05,300 --> 00:35:08,533
right and they often do this by buying assets

984
00:35:08,533 --> 00:35:10,333
like government bonds right

985
00:35:10,333 --> 00:35:12,000
increases the money supply

986
00:35:12,000 --> 00:35:14,366
okay and historically

987
00:35:14,366 --> 00:35:16,700
we've seen that crypto assets

988
00:35:16,700 --> 00:35:19,366
like Ethereum tend to do well

989
00:35:19,366 --> 00:35:21,333
right during those periods of Q E

990
00:35:21,333 --> 00:35:23,300
so more money in the system tends

991
00:35:23,300 --> 00:35:25,666
to push asset prices higher

992
00:35:25,666 --> 00:35:27,400
exactly including crypto right

993
00:35:27,400 --> 00:35:28,300
okay yeah

994
00:35:28,300 --> 00:35:30,266
but is that the only reason why Q E

995
00:35:30,266 --> 00:35:32,233
could be good for Ethereum

996
00:35:32,333 --> 00:35:34,666
no kiwi can also lead to inflation

997
00:35:34,666 --> 00:35:37,966
right which erodes the value of fiat currencies

998
00:35:37,966 --> 00:35:39,966
like the US dollar yeah

999
00:35:39,966 --> 00:35:42,766
so people often turn to assets like gold

1000
00:35:43,166 --> 00:35:45,733
and increasingly cryptocurrencies like Ethereum

1001
00:35:45,733 --> 00:35:48,000
okay as a hedge against that inflation

1002
00:35:48,000 --> 00:35:50,266
so it's almost like digital gold in a way

1003
00:35:50,266 --> 00:35:51,666
exactly yeah

1004
00:35:51,666 --> 00:35:52,600
the article also

1005
00:35:52,600 --> 00:35:55,600
mentions something called an uninverting yield curve

1006
00:35:55,600 --> 00:35:56,800
ah yes

1007
00:35:56,866 --> 00:36:00,000
which to be honest sounds a little bit complicated

1008
00:36:00,333 --> 00:36:01,300
it's a bit of a mouthful

1009
00:36:01,300 --> 00:36:03,600
but it's actually not that complex okay

1010
00:36:03,600 --> 00:36:06,500
so imagine a graph that shows interest rates

1011
00:36:06,500 --> 00:36:08,966
okay for bonds with different maturity dates okay

1012
00:36:08,966 --> 00:36:10,566
that's the yield curve right

1013
00:36:10,700 --> 00:36:11,666
and when it's inverted

1014
00:36:11,666 --> 00:36:14,066
it means that short term interest rates are higher

1015
00:36:14,066 --> 00:36:16,100
okay than long term rates okay

1016
00:36:16,100 --> 00:36:16,500
and

1017
00:36:16,500 --> 00:36:19,000
that's often seen as a sign of a potential recession

1018
00:36:19,000 --> 00:36:20,100
coming okay

1019
00:36:20,100 --> 00:36:21,700
an uninverting yield curve

1020
00:36:21,700 --> 00:36:24,333
okay just means that that situation is reversing okay

1021
00:36:24,333 --> 00:36:25,600
suggesting that investors

1022
00:36:25,600 --> 00:36:28,166
are more optimistic about the future okay

1023
00:36:28,166 --> 00:36:30,966
so it's kind of a shift from fear to confidence

1024
00:36:30,966 --> 00:36:31,866
exactly okay

1025
00:36:31,866 --> 00:36:33,800
yeah how does that relate to Ethereum

1026
00:36:33,966 --> 00:36:37,400
well when investors feel confident about the economy

1027
00:36:37,533 --> 00:36:37,800
right

1028
00:36:37,800 --> 00:36:41,100
they're more likely to invest in what we call risk on

1029
00:36:41,700 --> 00:36:42,733
assets okay

1030
00:36:42,733 --> 00:36:44,300
things like stocks yeah

1031
00:36:44,300 --> 00:36:45,766
and yes cryptocurrencies

1032
00:36:45,766 --> 00:36:46,366
okay so

1033
00:36:46,366 --> 00:36:49,100
Ethereum could benefit from this increased risk

1034
00:36:49,100 --> 00:36:50,400
appetite right

1035
00:36:50,400 --> 00:36:54,566
as investors seek those higher potential returns

1036
00:36:54,566 --> 00:36:55,566
interesting yeah

1037
00:36:55,566 --> 00:36:57,466
so it seems like there are a lot of macro

1038
00:36:57,466 --> 00:37:00,733
economic factors that are kind of lining up

1039
00:37:00,733 --> 00:37:01,600
lining up yeah

1040
00:37:01,600 --> 00:37:04,766
that could be favorable for Ethereum yeah

1041
00:37:04,766 --> 00:37:06,900
the chaos of money article even suggests

1042
00:37:06,900 --> 00:37:08,133
that global central banks

1043
00:37:08,133 --> 00:37:09,200
might resume Q E

1044
00:37:09,200 --> 00:37:11,000
in 2025 wow

1045
00:37:11,100 --> 00:37:13,766
which would create even more of a tailwind for crypto

1046
00:37:13,766 --> 00:37:15,266
it could it really could

1047
00:37:15,366 --> 00:37:17,566
but we've also talked about some risks

1048
00:37:17,666 --> 00:37:19,400
of course and criticism right

1049
00:37:19,400 --> 00:37:21,766
so taking all that into consideration yeah

1050
00:37:21,766 --> 00:37:26,200
do you think this contrarian bet idea still holds up

1051
00:37:26,200 --> 00:37:26,733
you know what

1052
00:37:26,733 --> 00:37:29,900
it's becoming less contrarian all the time right

1053
00:37:29,900 --> 00:37:32,566
when that chaos of money article was written yeah

1054
00:37:32,566 --> 00:37:35,600
the idea of Ethereum surpassing Bitcoin

1055
00:37:35,733 --> 00:37:37,933
seemed pretty bold right

1056
00:37:37,933 --> 00:37:39,466
seemed far out there it did

1057
00:37:39,466 --> 00:37:40,400
it did yeah

1058
00:37:40,400 --> 00:37:42,600
but you know the evidence we've discussed today yeah

1059
00:37:42,600 --> 00:37:43,933
the institutional adoption

1060
00:37:43,933 --> 00:37:46,066
the real world applications right

1061
00:37:46,066 --> 00:37:49,466
the macro trends the shift in the regulatory landscape

1062
00:37:49,466 --> 00:37:52,666
right all point to a very bright future for Ethereum

1063
00:37:52,666 --> 00:37:53,766
okay now

1064
00:37:53,766 --> 00:37:55,200
I wouldn't say it's a sure thing

1065
00:37:55,200 --> 00:37:55,966
of course not

1066
00:37:55,966 --> 00:37:58,400
there are always risks with any investment right

1067
00:37:58,400 --> 00:37:59,700
and crypto is no exception

1068
00:37:59,700 --> 00:38:03,766
but I believe based on those fundamentals yeah

1069
00:38:03,766 --> 00:38:05,366
based on that growing adoption

1070
00:38:05,366 --> 00:38:07,000
and that overall momentum

1071
00:38:07,500 --> 00:38:09,966
I think Ethereum is well positioned

1072
00:38:09,966 --> 00:38:12,166
to continue its growth trajectory

1073
00:38:12,733 --> 00:38:15,500
okay but let's play devil's advocate for a minute okay

1074
00:38:15,500 --> 00:38:17,533
what are some of those risks yeah

1075
00:38:17,533 --> 00:38:19,266
people should be aware of right

1076
00:38:19,266 --> 00:38:20,733
what are the things that

1077
00:38:20,733 --> 00:38:23,666
could potentially derail Ethereum success

1078
00:38:23,666 --> 00:38:28,266
I think one risk is that regulatory uncertainty okay

1079
00:38:28,266 --> 00:38:30,500
you know governments around the world are still

1080
00:38:30,700 --> 00:38:34,066
figuring out how to regulate crypto right

1081
00:38:34,066 --> 00:38:36,200
and sudden policy changes

1082
00:38:36,200 --> 00:38:38,533
could have a negative impact on the market right

1083
00:38:38,533 --> 00:38:40,966
we've talked about the positive developments in the US

1084
00:38:40,966 --> 00:38:43,333
right but things can change right

1085
00:38:43,333 --> 00:38:45,466
and other countries might take a more restrictive

1086
00:38:45,466 --> 00:38:48,200
approach so even though things are looking good now

1087
00:38:48,200 --> 00:38:51,200
yeah it doesn't mean that that's gonna continue exactly

1088
00:38:51,200 --> 00:38:52,966
what else should people be thinking about

1089
00:38:52,966 --> 00:38:55,200
another risk is competition okay

1090
00:38:55,200 --> 00:38:57,600
you know new blockchains are emerging all the time

1091
00:38:57,600 --> 00:38:58,933
right there's always something new

1092
00:38:58,933 --> 00:38:59,500
there is

1093
00:38:59,500 --> 00:39:02,366
so it's not just about what Ethereum's doing today

1094
00:39:02,466 --> 00:39:06,066
right it's about how it continues to adapt and evolve

1095
00:39:06,066 --> 00:39:06,966
it is it is

1096
00:39:06,966 --> 00:39:08,533
we've covered a lot of ground today

1097
00:39:08,533 --> 00:39:11,200
we have and I think we've given our listener a

1098
00:39:11,200 --> 00:39:13,166
pretty good overview yeah

1099
00:39:13,166 --> 00:39:15,300
of Ethereum's potential uh huh

1100
00:39:15,333 --> 00:39:16,866
the challenges that it faces

1101
00:39:16,866 --> 00:39:20,366
and the factors that could influence its future right

1102
00:39:20,366 --> 00:39:22,100
any final thoughts before we wrap up

1103
00:39:22,100 --> 00:39:24,200
I think the key takeaway here

1104
00:39:24,200 --> 00:39:27,766
is that Ethereum is more than just a cryptocurrency

1105
00:39:27,766 --> 00:39:32,333
right it's a platform with real world applications

1106
00:39:32,333 --> 00:39:35,300
yeah that are changing the way we think about finance

1107
00:39:35,300 --> 00:39:38,266
technology and even society wow

1108
00:39:38,400 --> 00:39:40,200
that's a big statement it is

1109
00:39:40,200 --> 00:39:43,766
it's still early days but the potential is enormous

1110
00:39:43,766 --> 00:39:46,500
it is whether it becomes the king of crypto

1111
00:39:46,500 --> 00:39:48,266
that remains to be seen right

1112
00:39:48,266 --> 00:39:48,733
but I think

1113
00:39:48,733 --> 00:39:51,733
its role as a driving force in this decentralized

1114
00:39:51,733 --> 00:39:54,000
future is undeniable

1115
00:39:54,000 --> 00:39:55,566
I agree well

1116
00:39:55,566 --> 00:39:57,200
this has been a fascinating deep dive

1117
00:39:57,200 --> 00:39:58,933
it has I think we've all Learned a lot

1118
00:39:58,933 --> 00:40:00,266
me too to our listener

1119
00:40:00,266 --> 00:40:02,800
we encourage you to keep exploring this space

1120
00:40:02,900 --> 00:40:05,266
stay curious never stop learning

1121
00:40:05,266 --> 00:40:07,733
the future of finance and technology is being written

1122
00:40:07,733 --> 00:40:08,933
right now uh huh

1123
00:40:08,933 --> 00:40:11,900
and you have the opportunity to be a part of it you too