The Future of Cryptocurrency and Digital Finance

Should I be buying cryptocurrencies or should I avoid it?

If you believe that countries are going to continue to

debase their currency,

if you believe that there's going to be global rise of

insecurity,

owning crypto assets or gold are assets of

fear.

You own th-these assets because you're frightened of the debasement of your,

your f-assets. You're fina-- you're worried about your financial

security,

you're worried about your physical security.

There's a strong belief that is a good hedge against

optimism.

Jamie, you were not-- you were a little skeptical of crypto at one

point.

Are you still skeptical?

I've gotten away with no damage so far. Crypto is real.

I mean, blockchain, stable coins. You have a J.P. Morgan deposit coin.

You can move stuff. Smart contracts are real. All that stuff is real.

It will be used by all of us to facilitate, you know, better transactions.

I would say the biggest question from central banks is: what is the role of

tokenization and digitization? How quickly should they think about

digitizing their own currency? What does that mean for the role of the

dollar?

If every currency digitizes and we have a, you know-- what does that mean

for bank payments? What does that mean for the m-- for the payment

companies like MasterCard and Visa?

All these are being questioned right now.

I will ma-- Uh, you know, we-- I think we spend so much time talking

about

A-AI. We're not spending enough time talking

about what-- how

quickly we're going to tokenize every financial asset and the opportunity we're

going to have to have a digital wallet and moving,

you know, ETFs and other things through a digital

wallet.

And I think that's going to happen worldwide very rapidly, and I think

most countries are ill-prepared for that and

u-underappreciate how technology is changing that.

It will be changing, uh, the technology around the

plumbing of finance.