Corporations Are Going Into Crypto In Spite Of Uncertainty
We are seeing more institutions jumping into the cryptocurrency realm. The tokenization of everything is underway.
In this video I discuss how we are seeing corporations (especially financial) ignoring the uncertainty surrpounding regulation and diving into this early stage industry. Now we are seeing the race change.
▶️ 3Speak
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The corporations will show up because they want a piece of the money. Despite the uncertainty, there is still money flowing in and they want a piece of the pie. It's a chance for us in the space but at the same time, I don't want to see us lose control of the space either.
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Nice video.
From my own opinion,
Companies/industries around the world are looking for a better means to increase their profit aside the profit they make manually.
But what is most shocking is that they don't go into financial research before making an attempt. Seeing that most big companies like Twitter are in partnership with Crypto Currency Companies makes up-coming companies go into same activity.
The main purpose of every business is to make profit, but this companies end up running at loss due to lack of proper research.
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Corporations are basically what the Marxist Soviet Union called Syndicates. The Italian Fascist under Benito Mussolini called them Corporations. Corporations are Organs of the State. We don't need State Controlled Organizations in our markets. They only serve in corrupting what is good in attempts to bring everything under State Control. Crypto is for the purpose of empowering the individual by allowing him to have control over his own economy. It is not for the Public Sector State Hierarchy that seeks control over the economy..
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Summary:
In this video, the speaker discusses the increasing involvement of big companies in the cryptocurrency space despite challenges like regulatory issues and market conditions. He highlights examples such as Franklin Templeton using Polygon, Visa and MasterCard considering stablecoin transactions, and JP Morgan exploring tokenization of traditional assets. The speaker argues that the focus has shifted from the competition between cryptocurrency and traditional finance to a new race between open-source decentralized crypto projects and Wall Street institutions. He also touches on the potential impact of Web3 technology on centralized entities like media conglomerates and major banks.
Detailed Article:
The video starts with the speaker emphasizing the growing interest of major companies in cryptocurrencies, disregarding obstacles like regulatory uncertainties. Franklin Templeton's move to transact on Polygon, Visa and MasterCard's plans for stablecoin payments, and JP Morgan's exploration of asset tokenization are highlighted as significant events shaping the industry.
The speaker contrasts the current landscape with past debates between cryptocurrency and regulatory bodies, suggesting that the industry has gained acceptance and is now poised for significant growth. Despite figures like Gensler and Warren expressing reservations, the speaker asserts that the involvement of institutions like JP Morgan signals a stamp of approval for the industry's future relevance and prevalence in the US and worldwide.
Furthermore, the speaker predicts a shift in focus towards a new competition between decentralized crypto projects and traditional financial institutions. He mentions JP Morgan's initiative with its JPM coin as an example of Wall Street's efforts to embrace blockchain technology for settlements and asset tokenization, hinting at the potential disruption these developments could cause to established financial players.
The discussion expands to draw parallels between the evolution of media landscape towards decentralization and the transformative potential of Web3 technology in challenging centralized structures in finance. The speaker highlights the democratizing effect of platforms like YouTube and decentralized news channels, likening their rise to the disruptive influence of DeFi and blockchain on traditional banking systems.
In conclusion, the speaker suggests that while traditional institutions may strive to maintain their dominance, the decentralized nature of crypto projects presents a formidable challenge. He envisions a future where Web3 technologies empower individuals and communities to circumvent centralized control, much like how independent media channels have disrupted traditional broadcasting. The speaker ends on an optimistic note, hinting at the potential for radical change and transformation in the financial sector through the continued growth of decentralized technologies.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.