This Is NOT Going To Stop At Bitcoin Cardano Pumps Ranking & U.S. Banks Are About To Collapse

The speaker begins by encouraging viewers to invest and save money, emphasizing the non-stop nature of current events. They recall having a specific topic in mind before starting but forgot it, noting it might have been about real estate or crypto. The core of the discussion revolves around companies openly stating their intention to maximize profits by accumulating cryptocurrencies, signaling a shift towards a new financial system. Morgan Stanley's recent entry into the Bitcoin space is highlighted as a significant development. After applying for a Bitcoin spot ETF last year, they received approval recently, and their ETF has been attracting millions of dollars daily. Michael Saylor's belief that this ETF could propel Bitcoin to $1 million and potentially outperform BlackRock is mentioned, though the speaker expresses doubt about BlackRock's performance being affected. Morgan Stanley's rationale for entering crypto, as they explained, is a result of long-term market observation and strong conviction, not a random decision. With $9.3 trillion in client assets, the debut of their spot Bitcoin ETF is a major milestone. However, Morgan Stanley has stated they won't stop at Bitcoin and are exploring further crypto ventures. A manager, or similar figure, from Morgan Stanley, reportedly mentioned a "tokenized money market fund" as a future path, highlighting opportunities across other asset classes for creating digital representations of real-world assets. This aligns with the broader trend of "tokenization," where everything of value is digitized and placed on blockchains. While there are discussions about tokenizing on Bitcoin, its limited transaction capacity (five per second on a good day, compared to the hundreds per second needed) raises feasibility concerns. Other financial players like Franklin Templeton pioneered yield-bearing tokens backed by US Treasuries in 2021, a format now supplanted by BlackRock's Bidala, which has grown to $2.3 billion. Fidelity's digital interest token has also garnered significant value. These developments indicate that major companies are in crypto for the long term, envisioning a new financial system built on tokenized assets and blockchain technology. The speaker expresses frustration with the continuous questioning of Morgan Stanley's motives for entering crypto, asserting that the reasons are clear. The announcement that Morgan Stanley won't stop at Bitcoin has led to speculation about their next crypto venture. The speaker reveals that Morgan Stanley is looking at tokenized money market funds, suggesting they, like BlackRock, will likely launch similar tokenized funds. The speaker advises against speculating on specific altcoins (like XRP, Ethereum, Solana, or Cardano) until official announcements are made regarding which chains they will use for tokenization. The speaker reiterates the importance of believing companies when they explicitly state their intentions, drawing a parallel to BlackRock's initial foray into Bitcoin, which many initially doubted. The discussion then shifts to Weiss Ratings, an independent financial analysis agency, which has resurfaced in the news. Years ago, before extensive on-chain analytics, such rating companies were crucial for investors seeking guidance on cryptocurrency projects. Weiss Ratings recently assigned Cardano its highest possible technology grade, despite ranking its market performance lower. Cardano, founded in 2017, is known for its peer-reviewed development, focusing on scalability, security, and sustainability for decentralized applications and smart contracts, and its rigorous scientific methodology. However, Cardano's technical progress contrasts with internal community turbulence, exemplified by a recent public dispute involving founder Charles Hoskinson and the design of the Midnight Network Bridge, a project for blockchain interoperability. This debate on Twitter reflected broader concerns within Cardano's user base about the network's development direction. The speaker provides historical context, noting Hoskinson's contentious past, including his alleged difficult personality and eventual departure from the early Ethereum project, after which he started Cardano. Since then, Hoskinson has reportedly had conflicts with the Ripple/XRP community, and spoken negatively about Bitcoin and Ethereum. This history of negativity, both internal and external, has created a "cloud of negativity" around Cardano, despite its network functioning effectively. The speaker recalls past anecdotes of infighting among Cardano developers and ambassadors. This negativity, according to the speaker, contributes to Cardano not being as widely adopted or liked by the broader crypto community, explaining why Hoskinson was notably absent from meetings with crypto figures at the White House. The speaker highlights that current crypto news predominantly revolves around Bitcoin, Ethereum, and XRP, causing frustration among those invested in other altcoins. Despite Cardano being in the news for its Weiss Rating, the speaker notes that the underlying issue is a lack of real-world usage. This is further evidenced by Hoskinson's recent call on Twitter for people to actually use the Cardano chain. While initiatives exist to link Cardano to Bitcoin and XRP blockchains to potentially benefit from their financial success, no banks, companies, institutions, or governments have announced plans to use Cardano. The conversation moves to Jamie Dimon, CEO of JPMorgan Chase, who is frequently in the news. His warnings about blockchain technology and digital assets as direct competitors to traditional banking are seen in the context of an anticipated "year of stablecoins, central bank digital currencies, tokenization, and yield platforms." The speaker explains that banks traditionally use customer deposits for investments, generating substantial profits while offering minimal returns to depositors. This has led people to move their money into crypto for better returns and to combat inflation. The central debate now concerns banks and companies creating their own stablecoins. The speaker illustrates this with a hypothetical scenario: if major companies like Walmart, Facebook, Amazon, Apple, and Uber create their own coins and offer significant discounts and higher returns (e.g., 10-25% discounts for using their coin at their stores and 6% annual return for holding it, compared to a bank's 0.5-2%), people would flock to these ecosystems. This would divert money from traditional banks to crypto exchanges and company-specific ecosystems, posing an existential threat to banks. The speaker suggests this could lead to the "downfalls of banks" as companies gain approval to launch their own coins, and the public, seeking savings and discounts, embraces these new financial models. Jamie Dimon's consistent hostility towards public cryptocurrencies like Bitcoin is highlighted. Despite his past pronouncements (calling Bitcoin a fraud in 2017 and threatening to fire traders), he continues to express fear about stablecoins and advocate for the traditional banking model. The speaker contrasts this with a past era (around 2005-2006) when banks offered much higher yields (5-7%) on savings. The current low returns, coupled with the potential for higher yields and discounts from crypto-based systems, could erode public faith in fiat and traditional banking. The speaker predicts that within three to four years, by 2030, it will be commonplace for individuals to have their money entirely on-chain, using various coins for transactions, discounts, and significantly higher returns than banks offer, ultimately causing the banking system to collapse. The speaker notes the irony of Dimon spending so much time criticizing an asset class he claims not to be invested in. The historical context of banks freezing accounts for crypto transactions in 2017-2018 underscores the long-standing threat crypto has posed to their monopoly. The speaker concludes by acknowledging the constant historical shifts occurring, particularly the unexpected prospect of the banking system collapsing within the next five to ten years, and expresses hope that viewers are doing well.