00:00 Speaker A
Crypto. Uh, it’s more just than having a moment. Uh, this is, you know, this story, it really has been the year of crypto now, especially off the genius Act. So a report by the FT this morning that President Trump may allow what, 401k, 401Ks to dabble in crypto, and we’re seeing strength across the board here.
00:27 Speaker B
Yeah, and that would be significant. We are. And the entire crypto asset market right now, cryptocurrencies, they are, have now reached $4 trillion for the first time ever. This includes Bitcoin, which is the big one, Ethereum, Solana, all the alt coins. So you are seeing a massive investor appetite when it comes to crypto across the board. This, of course, comes on the heels of the genius Act, which is heading to the president’s desk. This creates guard rails for the stable coin industry. That is an industry which the street is expecting to grow to maybe 1.6 trillion by 2030. It’s more than $250 billion right now. So in a bullish scenario, it could be even 3 trillion depending on which analyst that you talk to. You have seen not only Bitcoin going to all-time highs this week, but you’ve also seen a run-up in Ethereum because Ethereum will be a beneficiary of the entire stable coin boom as well. So across the board, you are seeing adoption, institutional adoption, and the genius Act, what it also does is it underpins the entire industry as a whole and it only accelerates crypto assets when it comes to finance, when it comes to payments. And the fact that you have the president pushing for this as well is a tailwind for the entire industry.
