Ep 42 - September 10, 2025 - Institutions are coming
Welcome to another episode of the weekly crypto check-in recorded on 09/10/2025. I'm your host, Robert Sworthout, and joined by my cohost, Andres Sedate. How's it going, Andres?
Andres Sandate:Good, Robert. I, a couple of weeks since we, we did this quite a bit going on. Some of the stuff we can we can dive into, some of the stuff you'll have to just reach out to Robert or I to learn more about, but, hopefully, that's the cliffhanger. People will will, will wanna learn more. But, yeah, it's good to see you.
Andres Sandate:I'm wearing my, my PG sweatshirt because it's fall, and that means it's baseball season in Georgia. So,
Robert Swarthout:Yeah. It's been awfully cool. Yes. It's been beautiful out.
Andres Sandate:Yeah. You've been enjoying the outdoors?
Robert Swarthout:Yeah. I've been, you know, outside a bunch at this barn that we're working on. And this morning, I went outside, and I was like, oh my gosh. It's cold. I went back inside, took my shorts off, put pants on, went back out.
Robert Swarthout:I was like, this is borderline too chilly for me in the morning right now. So Yeah. I better enjoy it, though, because I imagine it'll quickly change, and I'll be complaining it's too cold.
Andres Sandate:Yeah. Yeah. Anybody that spent time in in Georgia the last couple weeks, at least in North Georgia where we're at in Atlanta, it's, yes, some of my favorite weeks of the year, you know, this early, kinda early fall post Labor Day before, the rains of November kinda hit. But speaking of crypto, wow, it's, it's interesting. You know, I felt like last year around this time, we were talking about, you know, the election.
Andres Sandate:We were talking about what was gonna happen. And
Robert Swarthout:A lot of what ifs.
Andres Sandate:A what if, what if, what if, and, you know, things like tokenization would come up every once in a while, and it would always feel like somebody was promoting, you know, a startup or there was this idea of Mhmm. Tokenization and the financial system kind of colliding, and here we are in our first update. Right. Nasdaq files for tokenized stock trading.
Robert Swarthout:Yeah. You know, if you would have said this headline a year ago, you would have thought it was, like, some distant future. Right? Not not a year from then. But, yes, they filed last week for the ability listen to They filed with the SEC to be allowed to have the ability to trade the stocks as they do today and also a tokenized version of stocks that would be on a blockchain.
Robert Swarthout:I I knew this day was coming. I guess, knew with 99% certainty. But to see it finally happen, at least the request for it, this is inevitable. This is everything will be tokenized at the end of the day, even your car titles and house keys like we've talked about. So this is the beginning of a long journey.
Robert Swarthout:And Yeah. You know, NASDAQ won't be the only one. But Yeah. We we are off, you know, I guess, first step here.
Andres Sandate:Yeah. You know, I thought what I would try to do to help maybe provide more color on some of these updates because, you know, what we're doing with the show, obviously, is we're taking some of the most newsworthy, headlines from crypto and from digital assets and blockchain. For a lot of people, it still feels and seems very foreign. Most of the folks that would tune into the show, obviously, probably have an interest in crypto and digital assets. But I think one of the areas, particularly from my perspective as a as an adviser, but also working with you on the fund is, you know, what's the impact of these headlines on individuals and particularly, like, those that are individual retail investors or financial advisers.
Andres Sandate:You know? And and so I thought what I would do is sort of take some of these headlines and give that perspective. I think when people say tokenization, yes, it means that, everything is gonna get tokenized. I think that's a big headline, and this is you know, securities and stocks is the first, you know, first of what could be many assets. I think for investors, the takeaway is this hopefully will reduce some of the barriers to ownership.
Andres Sandate:Mhmm. If you look at what's going on even with platforms like Robinhood and some of the announcements that they've made this week about creating a social network and, you know, the the ability for investors now to sort of open an account on their phone, right, on their laptop pretty quickly, this day and age of technology colliding, you know, with with almost every other industry certainly has hit, you know, financial services. And so with tokenization, you could you could look at a stock that's quite expensive for most people and say, can I buy a share of, you know, whether it's Alphabet or or or Meta or Nvidia? Just picking a few. And for a lot of people, they'll look at the price of the share, and they'll say, I cannot even afford a single share.
Andres Sandate:Right? With tokenization now, we could get fractional ownership. Right? We could get, you know, just a lot more accessibility to, if you will, financial markets. Yeah.
Andres Sandate:For the individual investor with tokenization.
Robert Swarthout:Yeah. And I think, you know so that's the buying side of it. I think the selling side, I think, is what's gonna accelerate is this whole you know, what used to be t plus three, now it's t plus one, the d t c c. So the one that basically the agency of record The settlement. Yeah.
Robert Swarthout:For settlement. I mean, we can get to the point where it'd be potentially instant settlement. I mean, that's what a blockchain basically is. Yeah. But to kind of tie that in with stocks would be really cool.
Robert Swarthout:And then you can go even a step further. This could be $24.07, $3.65. Whether whether we want that as a society, you know, who knows? But that's the way the crypto world works. And to think that a a stock could be any different on a blockchain probably is not Yeah.
Robert Swarthout:In reality.
Andres Sandate:Well, I think the last thing I'd say is relative to financial advisers. Right? There was a big evolution in the financial adviser world over the last twenty five years with the sort of advent of exchange traded products, you know, also known as ETFs. Right? For for years and years and years, it was, you know, SMAs, separately managed accounts, mutual funds.
Andres Sandate:There's still you know, both of those exist.
Robert Swarthout:Mhmm.
Andres Sandate:But ETFs, right, have have obviously taken financial markets by storm. And, you know, for many advisers, they've reduced, all kinds of friction that mutual funds, while still very viable, you know, caused in in terms of managing portfolios. So I feel like tokenization is another big step for the financial adviser community in terms of products. Still a lot to be sorted out, but but certainly a pretty major step as this big major exchange, you know, files with the SEC for this. Pretty monumental.
Robert Swarthout:Yeah. And I don't know what kind of review cycle is gonna happen with this kind of request. I don't know if it's gonna be a month from now we get a yes or no, or it's a year from now. I have no idea. We'll have to find that out, and maybe we can report back.
Robert Swarthout:Yeah. So our our next topic is about a a conference slash event that happened out in California called Future Proof. I know you've been following this one a little bit more than I have been, but do
Andres Sandate:you have any
Robert Swarthout:comments or thoughts around this?
Andres Sandate:Future proof has become, a pretty popular series of events. There's there's two of them now, and one's out on the West Coast in Huntington Beach, and they literally have it on the beach. So it's a much different conference. There's still people going around in suits and ties, but you see a lot more people walking around in board shorts and, you know, and T shirts and flip flops. And and that's kind of the whole vibe is to try to, introduce sort of a a different conversation to the financial services community.
Andres Sandate:Obviously, you still have your major players primarily focused towards the adviser community, financial adviser community, wealth management. A lot of the big names, you know, that you'll see out there, you know, the major platforms, Morningstar, asset managers, but then a lot of advisers and investors. Right? Interestingly, this year, from from what I, you know, saw in the sources, a lot of conversation out there about crypto. And so I thought, you know, the takeaway here is, yes, there maybe is a discussion going on even at sort of some of the leading edges of the financial adviser community.
Andres Sandate:But when you dig in and sort of peel it back and say, has been adoption to crypto? It still remains primarily, you know, Bitcoin and Ethereum, ETPs or exchange traded products or ETFs. Many advisers are still not using individual or or accessing crypto with, you know, individual tokens. Mhmm. You know, one thing that's that's made a lot of headlines recently are these DATs or DATs, which stands for digital asset treasury.
Andres Sandate:Yep. So there's no shortage of innovation, I think, when it comes to products being created by Wall Street Mhmm. Particularly around this new asset class. But it it still, I think, remains to be seen what the adoption curve looks like for advisers. Even, again, when you look at a a conference that sort of bills itself as the, you know, evolution of what the adviser profession is, future proof.
Andres Sandate:They'll be doing an event next year early in the year in Miami, and that one's all built around AI and, you know, how advisers need to really think about adopting AI and utilizing AI to stay relevant. So, yeah, it's a it it it's kinda fascinating to see the, you know, the major players are moving into alternatives, and and that's been a big area and that's been a big focus. But I'm I think the jury's still out, really, with all this regulation and all the things that we are gonna talk about, you know, even today. I think the adviser community is still waiting to see, somewhat sitting on their hands, I would argue, in some cases, before, you know, they're ready to really adopt digital assets, you know, as part of, like, the model portfolio.
Robert Swarthout:Absolutely. You know, you said something there that made me think. So you said what what the curve looks like for adoption on this. You know, there is slight adoption. I mean, very, very little.
Robert Swarthout:Basically, zero. But imagine if you zoom out over time on this thing, it's gonna look like a right angle. Right? There's not gonna be much of a curve to it. Yeah.
Robert Swarthout:And, again, I I keep going back to it. The market we need market regulation. We've talked about ad nauseam. But I think we will soon potentially have that, and and then it will be you know, it takes that risk a little bit off the table because most RIAs are, you know, fiduciaries. Right?
Robert Swarthout:Like, so they have that Yeah. That angle. So
Andres Sandate:Yeah. It comes back to safety and accessibility and and really fiduciary responsibility. Those are key things. Right? So not to harp on my my fellow advisers.
Andres Sandate:I think that
Robert Swarthout:Mhmm.
Andres Sandate:You know, nobody, really ever got fired as they say for for hiring IBM. Right? So while it does appear that billions and billions of dollars are being held away by, you know, or or are being invested away from advisers in custody Right. Houses like Schwab and Fidelity, those firms are starting to, you know, put together platforms where they're gonna welcome and embrace crypto over the next year or two. So I think that the, yeah, the the the news updates on this will continue to, to appear in our, you know, in our shows.
Andres Sandate:But, but, yeah, that's future proof. So Yeah. I didn't get to go this year, but, you know, who knows? Maybe one day in the future, you and I will we'll do this live from from the beach in in California.
Robert Swarthout:Wave crashing in the background. I feel like we're there. Yeah. Cool. So kind of along the same topic, this is like we were alluding to market regulation.
Robert Swarthout:So what what's the state of the the Clarity Act? Well, the this last week, late last week, the Republicans in the House Financial Services Committee released the first, I guess, revision draft of the, market structure bill. Mhmm. And it generally was well received. It didn't seem highly political one way or the other.
Robert Swarthout:And then, I guess, fast forwarding roughly into this week. So on Monday or Tuesday, a coalition, I believe, of 12 different Democrats kinda came up with their list of things that they wanted to see added or tweaked in the bill. I think the the the headline here is we're not far apart. The two sides seem like they're you know, they could even reach across the aisle right now and shake hands. They're close, which was, in my opinion, a huge relief because I was like, this thing could drag out.
Robert Swarthout:And, you know, who knows? Because the senate, was gonna be the hard, portion of congress to get this through. And, we we are close. But, you know, some of the points, we're not gonna go through all of them, but they want a a clear spot market given to the CFTC. Find this highly ironic coming from the Democrats because they sent the last five years saying the SEC should be the one dealing with crypto.
Robert Swarthout:Mhmm. Set that aside. We we have at least a a clear an agreement effectively. I mean, because that's what the Republicans also wanna see. But, you know, we were talking before we recorded, about what may be the biggest sticking point here.
Robert Swarthout:And in my opinion, it was the one added where it prevents corruption and abuse by restricting elected officials and their families from issuing or profiting from crypto projects while in office and requiring disclosure of their holdings. Yeah. This is the we don't want Trump and crypto bullet point We're the Trump family. Right.
Andres Sandate:But Yeah.
Robert Swarthout:You know, it's you know, they I I guess they had to ask. They can't just, like, let it go, to to their credit, I suppose. So
Andres Sandate:Yeah. No. I mean, I think you bring up, like, the the the the topic that could consume the rest of our show, right, in terms of just this this, highly, you know, divisive, point in time we find ourselves in just as a country. You know? And it's really about trying to figure out where can we take this industry forward, right, and not get held up on, like, politically highly charged political, elements, let's call it, elements of the bill.
Andres Sandate:I'm not making light of it. Right? Mhmm. But we've had yeah. Like you said, like, we've had insider trading, if you will, and we've had, you know, politicians front running, if you will, the market for decades.
Andres Sandate:Right? Maybe for generations. I don't know how far it goes back. But it's my, you know, it's my hope. I guess this is more commentary.
Andres Sandate:It's my hope that we do get, you know, this bill through and we don't get mired in, you know, in a lot of, finger pointing and let's just call it, you know, solar political retribution over the next, you know, few weeks and months because those first two points are evidence that there is a market out there waiting for, you know, really the, I would call it just the explosion further explosion of this market in a good way. Right? Absolutely. And all the innovations. So I'm I'm just optimistic that we'll we'll be able to, you know, make headway and get this bill, you know, on the desk of president Trump for for signature.
Andres Sandate:It's gonna be messy to get there. No. Always is. But, hopefully, we'll we'll get this market structure bill done. And and, you know, I think when that happens, we'll see just a a flood of additional innovation taking place.
Robert Swarthout:Yeah. And, you know, from a timing perspective, midsummer, I thought I kept hearing that the, maybe by the September, there could be a final markup done, and it seemed like not gonna be a reality. Well, possibly. I mean, like, it like, see the sides not too far apart, and we're not even, you know, halfway through the month. So Yeah.
Robert Swarthout:We might get there, which means that we might get this thing done this year. Yep. I I don't wanna, you know, count and count it done before it's not, but it's we're getting close. So
Andres Sandate:Yeah.
Robert Swarthout:Anyways, kinda moving on here, and this one will be a rather quick topic. So the CV Group has different futures contracts that they, that they offer out there in trade. And surprisingly, XRP so the futures contract around XRP was the fastest ever to 1,000,000,000 in open interest. I assume this is scoped around just crypto, but to think that it beat Bitcoin or Ethereum, was surprising to me. You know, I I believe in what the XRP Ledger and Ripple are trying to do, but this one, was not something that I would've bet on.
Andres Sandate:So Yeah. I mean, I think the takeaway for retail and advisers is, you know, two two words, you know, liquidity and, I would say, you know, price discovery. And what that means is, you know, you have deeper markets, more liquid markets when you can add more of these options and derivatives to, let's call it, the the primary asset. So, a lot of future strategies are are used for, you know, for risk management and for hedging, particularly from, you know, the institutional investor. They are quite complex products, typically not used a lot by retail investors.
Andres Sandate:But I think the participation, of institutions in, you know, the like, this XRP futures contract demonstrates that, number one, the market participants recognize, the potential. But also for retail and for advisers, it's it should flag, you know, in a good way that
Robert Swarthout:Mhmm.
Andres Sandate:There's more liquidity and there's, you know, gonna be better better price discovery, of of these assets over time. So, yeah, kinda technical, if you will, when you get into the weeds, but but, nevertheless, like, a really important headline from the standpoint of just the maturation of the of the space in the market and this particular contract.
Robert Swarthout:Yeah. And I think that, you know, I guess we'll tie this together. Like, why does this kinda matter? So the SEC had said that they wanted to see six month of coverage, futures specifically on Coinbase, but I think that they were also using an eye towards the CME group as well, to allow an ETF product to be, I guess, streamlined, process launched. So it looks like this is yet another checkbox in the XRP case.
Robert Swarthout:The Solana volume, you know, I guess, should mention, has also been strong. And both Solana and XRP have a bunch of applications that are kind of bundled around the same time in mid to late October that it it seemingly it seems like we might get a ETF launch for those two tokens, potentially HBAR, but probably just those two be my guess at this point. So we're inching closer. And then this is gonna be like everybody and their brother wants one of these, and this is gonna be, we may just have to have a separate podcast that just talks about ETFs at some point because there's gonna be a bunch of these.
Andres Sandate:Yeah. No doubt about it. Well, Bloomberg has its own I think it's I don't know if it's Bloomberg. I guess it's might be Bloomberg, but one of the networks has its own, like, you know, ETF show now dedicated to it. This is such a yeah.
Robert Swarthout:Such a thing.
Andres Sandate:Yeah. Such a thing.
Robert Swarthout:Next topic, it's our friends over at the Federal Reserve are setting up a payments conference, specifically at payments innovation and about real time settlement and all the things that crypto likes to be, and they're inviting the industry in. This is the same group that was functioning part of the debanking of crypto over the last four years. So now we have done a one eighty, and now we're being invited into the henhouse.
Andres Sandate:So Right. Yeah. I mean, this is again, this is all about, like, this this the the the flag has changed. Right? So all these, organizations and government agencies, etcetera, now have to have a different playbook.
Andres Sandate:Right? Because it's almost like if you're not if you're not at the table sort of guiding regulation, guiding the conversation, if you will, and setting setting up, if you will, who's there, you you're gonna be the organization that's gonna get debanked and, and and left out, particularly, you know, under this administration, which is just moving at lightning speed to try to, just change the old way, if you will, of doing things. And old doesn't mean it was wrong or broken. It just there's so much technology and innovation, happening around all these institutions that I think they're being forced to play, to some extent some catch up. And like you said, you know, have to pivot pretty hard from maybe the standard operating procedures just, just literally months ago.
Andres Sandate:So I think what it means for investors is hopefully, you know, better custody, better settlement. Like you said earlier, maybe we go away from the t plus three when it comes to settling, you know, just a simple trade on a on a stock exchange to, instant settlement. Right? Right. So I bought it.
Andres Sandate:Now I own it. Right? Not I bought it. I sent my money. Three days later, I get evidence that I own it type of thing.
Andres Sandate:Yeah. So
Robert Swarthout:And and in that case, people typically care about the other half. Like, I sold it. Where's my cash?
Andres Sandate:Like Yeah.
Robert Swarthout:That's the part that they want to know.
Andres Sandate:That's right. Yeah.
Robert Swarthout:Anyways yeah. So the I guess the last piece here is the Federal Reserve is also talking about tokenization and AI mixed in it. So this is gonna be a very tech forward conference for them, I'd imagine, on the grand scale of what Fed conferences look like.
Andres Sandate:But I can assure you of one thing. They won't go as far as holding it at Huntington Beach. I'm, like, future proof. It it it'll probably be, you know, inside of a granite building somewhere. Yeah.
Andres Sandate:But they they have a newly renovated building from what I'm hearing. I don't know if it's done, but, but, hopefully, it's it's, you know, it's finished in time for this big event. So Yeah.
Robert Swarthout:Well, cool. Our next topic is talking about this SEC and the CFTC. They issued a joint statement saying, essentially, that they don't see anything in the current, wall of the land that prohibits them from regulating, the crypto industry, whether it's securities or nonsecurities. Again, this is the exact opposite that we've heard for the last four years. Now they're saying that it is clear, and we do have the authority, and we are getting to do it.
Robert Swarthout:So they said they're gonna work together. They want to provide clarity. This ties back into the market structure, Bill. Like, this is all kind of the same problem from different angles. And, you know, I think at the end of the day, the the CFTC is gonna get spot crypto exchange because it's gonna be commodities.
Robert Swarthout:And part of the market structure legislation is gonna help define what is and what is not a security, probably put some very, hopefully, clear rules around that. Hopefully, a small set of rules too. We don't need a long list, and, good to go from there.
Andres Sandate:Yeah. I mean, it just, again, kinda come back to what what, what we talked about several times with today's update. A lot of this is around you know, I feel like some of these agencies playing a little bit of catch up and needing to, you know, get aligned in order to keep things moving along. And lot of it, you know, hopefully, ends up benefiting investors at the end of the day and, you know, consumers. So whether that's, you know, quicker settlements, lower prices, you know, better access to, you know, to financial markets, all of that has to, follow from regulation, however.
Andres Sandate:So I think a lot of this stuff comes down to how are we gonna how are we gonna define what the sandbox looks like and, you know, what are we gonna allow inside, etcetera. And then, you know, hopefully, some of the potential and additional promise of the space will will get unlocked as we said at the opener.
Robert Swarthout:Yep. So our next topic, it's kinda cool to see this come back up. So if you've been in crypto for a long period of time, there's a good chance that and you're buying tokens that were maybe not in the top 10, that you likely were buying those on an exchange that was not based in The US. So Coinbase, Kraken, obviously, based in The US. Binance is obviously the the biggest worldwide that everyone knew about.
Robert Swarthout:They have a binance.us website, so that that hasn't existed forever. But this whole idea now that, with registration, so with the foreign board of trades, so FBot, these foreign exchanges could register to service US clients. This is an undoing of stuff that happened over the last four years where, basically, they were run run away because they're basically gonna be sued into oblivion, so they just dropped US customers and ran. It's cool to kinda see it because, again, you have you can buy certain things in certain stores. Why can't you go to different exchanges and buy something that they choose to list?
Robert Swarthout:So Yeah. Just more cleanup, in my opinion.
Andres Sandate:Yeah. I mean, ultimately, if you're looking at this from the standpoint of an investor or an adviser that's looking to transact in this space, the, you know, the idea is you wanna be able to go to an exchange and know that your money's safe and know that they're not taking your your assets and doing the things that cut this whole industry over in multiple cases. Right? We've had multiple exchanges that just blew up, right, where they were basically taking investor capital and assets, commingling it effectively, creating all kinds of leverage, and or just or just outright stealing and committing fraud. Right?
Robert Swarthout:Mhmm.
Andres Sandate:So those were some of the bad examples. Some of the better examples, like you said, were just you know, maybe they were exchanges and they were platforms that were just providing what they wanted to provide was a better solution. They just couldn't get traction. Couldn't get, you know, aligned with, at the at the time, like, the regulatory framework. If all those platforms come back, right, and if all those boxes are checked, they apply for the right licenses, they go through the right regulations, assuming we can give them a framework and we can give them rules.
Andres Sandate:Is it ultimately better for the customer, if you will, or and and do you see it, as just being so overwhelming because all these participants flood in to the marketplace?
Robert Swarthout:I to me, you know, as a free market guy, like, the more competition, the better. Yeah.
Andres Sandate:No. I get that. It's like you wanna buy a car in certain parts of Atlanta, but you gotta drive to certain dealerships to kinda haggle. And then the Internet came along, and now it's like, I'm gonna take control. Right?
Robert Swarthout:Correct. Yeah.
Andres Sandate:So I'm I'm curious how this whole thing plays out, you know, if I'm just trying to get involved in crypto.
Robert Swarthout:Yeah. I mean, I I to me, the obvious is, and I talked about it when I first was mentioning this, is Coinbase or Kraken, they don't have all tokens ever listed as options. We'll we'll use KuCoin out of South Korea as an example. They had a a wide selection of tokens, many of them that were not on The US exchanges for different reasons. And then, like, if you wanted to buy it, that was kind of the only way to buy it.
Robert Swarthout:So I think that's the most obvious example. It is more access to more tokens. And I think this general pressure should help the fee side of things. So, like, admittedly, Coinbase is one of the most expensive places to buy crypto. Yeah.
Robert Swarthout:And, you know, over time, do they see pressure because there's other exchanges that show up in the market? Because it's really been a cracking right now and maybe crypto.com, but you don't there's not tons of pressure, from a free fee side, at least for the general public right now. So
Andres Sandate:Right. Yeah. I mean, so it it it you know, if you compare it to stocks, it used to be you know, you called your your broker. The broker got a commission. Right?
Andres Sandate:Whatever that commission was on your on your your stock purchase, like, that that's what, you know, paid that broker. And, you know, that that was a a movie made famous by Oliver Stone, right, with Wall Street, right, with Bud Fox, right, the the fictitious character. Fast forward to online brokerages. Right? And that was, like, revolutionary.
Andres Sandate:When the Internet comes along, you could go to your E*TRADE account. You could enter a trade and pay, you know, $6.95 or whatever it was at the time. And now you can pretty much, you know, open up an account anywhere, pretty much any bank, and trade almost for free. Right?
Robert Swarthout:For free and basically everything.
Andres Sandate:And everything. Right? So, I mean, I'll be curious to see how this, you know, evolves over time. But it's not gonna happen again without regulation and without, you know, these exchanges, if you will, going through, I would think, you know, some process which needs to be put together for them to be regulated so that they can start serving more customers here and providing more choice.
Robert Swarthout:And this is probably a great segue too because more more institutions so institutions coming into crypto is our next Yeah. Topic here. It you know, more access is not just gonna come from, you know, the crypto players. It's gonna come from traditional finance. It's really where it's gonna come from because that's where, you know, money that's in four zero one k's and brokerages, that's where it's at.
Robert Swarthout:You start giving access to crypto or just, you know, alternatives just generally. And the next ten years is gonna be pretty eye opening for what what what what the, quote, unquote, model portfolio or what the average portfolio looks like. All that kind of stuff is gonna be so drastically changed, I think. Yeah. Yeah.
Robert Swarthout:You know, the tokenization is gonna be a huge driver of that because it's gonna allow things to be on a blockchain that weren't necessarily there natively and kinda have access to trading and, you know, using this collateral and all the different things that crypto can do for you. So
Andres Sandate:Yeah. I mean, I couple points from a from an adviser or investor perspective. You know, I think there's still a very open debate out there about whether Bitcoin is, you know, this, you know, this this asset, let's call it, that, is is digital gold. Right? And that's beyond the scope of our show.
Andres Sandate:But Mhmm. I mean, I think my takeaway as more institutions move into crypto, what what happens, I think, with something like Bitcoin, which has dominated the narrative from the standpoint of a token, is that you get a lot more credibility, liquidity. You know, you get more infrastructure. You get a lot more eyes paying attention to stuff. So you don't get the wild swings, also known as volatility, which is, you know, in addition to the lack of regulation, the volatility has been one of the reasons a lot of retail investors and more importantly, their advisers who guide the financial decisions for, you know, millions and millions of Americans in retirement.
Andres Sandate:That's volatility has been one of the biggest challenges around, around crypto. And, unfortunately, most advisers, I would say, when they hear crypto, they immediately think Bitcoin even though, right, there's thousands of other tokens out there. So I think, yeah, to your point, like, institutions moving more into the space, I think it provide it creates more product. It creates more liquidity. I think it brings down some of the volatility that we're seeing.
Andres Sandate:I think it starts to introduce the notion of where does this fit into a portfolio. How do you integrate this into a portfolio with stocks and bonds and real estate and private equity and private credit? All of which, you know, is is I think just it remains to be seen. But the more participants in the market, I think the theme of today is just as we see more regulation, as we see these frameworks come together, it's gonna bring more participation to this market. And I think with more participation, more eyes, more oversight, hopefully, more choice, lower prices, more liquidity, blah blah blah blah blah for, you know, for investors.
Robert Swarthout:Absolutely. Yep. Well, I think that's a wrap on the show. But before I do my sign off, those that have watched or listened to this on LinkedIn, if you do us a favor, you go to the Teton Crypto Capital page and give us a like, that'd be awesome. I realized the other day there's a lot more of you out there watching and listening on LinkedIn than I had even thought, which is great.
Robert Swarthout:So we would love that support, and it would help us grow the show. So thanks for joining us on this episode of the weekly crypto check-in. To stay updated in future episodes, you can find us in a podcast player or LinkedIn by searching t time crypto capital or the weekly crypto check-in. Take care.
Disclaimer:The information presented in this podcast is for educational, informational, and entertainment purposes only and does not constitute financial investment, trading, or any other advice. The content provided is general in nature and not tailored to any individual specific circumstances. Always conduct your own due diligence and consult with a professional financial adviser before making any investment decisions. Cryptocurrency trading involves significant risks, including, but not limited to, the potential for loss of all or a portion of your investment market volatility and regulatory uncertainty. The host, guests, and producers of this podcast are not responsible for any decisions or actions taken based on the information discussed herein.
Disclaimer:Cryptocurrency is not legal tender in many jurisdictions and is subject to market risks. Past performance does not guarantee future results. This podcast does not endorse or guarantee any investment outcomes or results. Use of this podcast implies your acceptance of this disclaimer.
Creators and Guests
