00:00 Speaker A
Bitcoin, XRP draw Japanese firms as weak yen drives Treasury diversification.
00:04 Speaker A
So this platform basically saw uh institutional client clients skyrocketing from 1 million to 2 million sign ups.
00:13 Speaker A
And it’s very interesting to see what those people are doing because this is corporates that are adding Bitcoin and XRP to their balance sheets instead of holding treasuries because of yen weakness.
00:26 Speaker A
So this is the debasement trade in real time.
00:30 Speaker A
This is the original Bitcoin thesis was, if you believe that the dollar current, that your currency, not in this case the dollar, Yen is going to become weaker, that there’s going to be inflation, that there’s going to be debasement, you buy hard assets.
00:43 Speaker A
And right now, in Japan, they’re buying both Bitcoin and XRP for that reason.
00:51 Speaker A
So this is actual evidence of exactly what Matt said is likely to happen and what we believe will happen in the United States.
00:58 Speaker A
Now, he was very honest about the fact that right now we’ve seen a historic outflow from these spot ETFs and all the crypto related products.
01:07 Speaker A
So this is theory. In practice over the past few months, we’ve actually seen a lot of those people exiting their positions.
01:17 Speaker A
But his point is that at the real institutional level, they’re chomping at the bit to actually get in here and they’re less concerned about a bear market.
01:27 Speaker A
Now remember, if you’re an institutional allocator of capital, you don’t make decisions based on a day, a week or even a month of price action.
01:35 Speaker A
You do it in years. And if people believe that the four-year cycle is currently intact, that Bitcoin is going to rise again, then this is the time that they’re starting to purchase these assets to avoid the future debasement that we all know is coming.