How Real Adoption Is Setting The Stage For The Biggest Digital Assets Bull Ever

Transcript

There's only one Mr. Wonderful. [music] We see the policy coming. We see these senators showing up here. We know they're going to make this thing investable. [music] >> Either you make money or you lose money. Pick one. [music] >> What's the biggest market on Earth? People say, "Oh, it's the stock market or it's the bond market." No, it isn't. It's [music] the currency market. It's a multi-trillion dollar daily transactional market. >> Just like the streets of Manhattan. I'm going to keep this quick. Over 70% of our viewers are [music] not subscribers. Yes, you. Every week, we interview some of the best entrepreneurs and [music] investors in the financial industry. The easiest way to support our channel is to hit the like and smash [music] the subscribe button. Now, sit back, relax,

and enjoy today's show. All right, guys. >> We're going to bring up Mr. Wonderful, the shark, Kevin Oly. Uh you guys are obviously familiar with him. Uh Kevin Olirri is chairman of Olyri Ventures. He's a shark on Shark Tank wearing. Look at the attire today. >> With an MLB card. >> Yeah. Yeah. Shark Tank. >> Go for it. Absolutely. >> How you doing, Kevin? Great to have you. >> Content himself. >> Thank you very much. >> Fellow Canadian. You're from Montreal. We are the uh >> I was born in Montreal. I love that city. A little cold for me these days.

So, I live in Miami. >> All right. I'm not too far. I'm in Naples, Florida. So, we're right there. The rollup headquarters south. And >> what what is that you got around your neck then? So I thought I'd bring it to this conference because there's been so much discussion within the sports sector, multi-billion dollar sector and collectibles, one of the asset classes. This is the now famous Otani, one of one. Uh we our syndicate paid $1 million for this last week inside of a a Tiffany one-of-a-kind holder. You know, Logan Paul started this thing. He had a discount chain. I'm raising it.

>> I got it. I got it. And this thing, >> I have friends that are into this. I got to take a picture [laughter] closeup. There we go. Let's go. >> 110 110 carats of Tiffany diamonds, 2 and 12 lb 2.2 lb of white gold and then all these rubies that match my red watch. You're a two watch. >> Show the camera, Kevin. Show the camera. >> Hold it up. Hold it way up. One of one Otani around his neck. Why? Because this asset class should be on chain. >> I agree. And it is on a chain right now, but it's it should be on blockchain. >> I agree, man. I I mean, look, we got this SEC tokenization exemption today, Kevin, which I'm not sure if you heard this news. Basically, they're just starting their initial implementation of tokenized equities, but I just kind of

want to go a bit more broad because you're you're very clearly educated about this concept of tokenization. I've been watching you with my parents since I was maybe eight on the show. They're both Canadian. They're from Alist in Northern Ontario. Big fans. Mr. wonderful here. What are you doing here, Kevin? What is your involvement and your belief that you'd be willing to spend your time and invest your capital into the crypto ecosystem into this kind of larger trends? What are you really seeing here? What's your vision for what this industry could become throughout your career? You, you know, huge wins.

Could this be another big win for you? So the way I view this whole digitization of the economy including all the way back to the genius act which gave us stable coins are now legal tender is that this sector if you want to call crypto or digitization a sector will become the 12th sector of the S&P because it services all 11 other sectors and so in investing in it in my investment thesis is no more than 5% in any one stock no more than 20% in any one sector and we've had positions as high is 23% in crypto during you know the last seven years as we've gone into various positions. So my new investment theme now is okay which I originally thought as a long a lot of other

investors did let's say 18 months ago that you only needed two positions you needed BTC and ETH because that they captured 97% of the entire volatility and that was under the assumption that everybody would standardize on Ethereum every sector that has not happened for various reasons and so Now investors like me and many others I see many guys I know here that are are involved in this sector as investors are saying wait a sec we're wrong about ETH being standard for and maybe it's too slow maybe whatever people aren't happy who's next like what other chain is going to get adopted so it now looks like sectors are going to

choose their chains and become standardized on those and that's why people that's why this conference is packed people are trying to figure out where does Avalanche fit in this new doctrine of sectoral preference. So if it's going to be used if you told me that all the sports teams are going to tokenize collectibles on a on avalanche. Yeah, I'm going to do mine on Avalanche. You know, people go into where the momentum is. So I'm I'm waiting to hear and I'm and so is everybody else. I find it interesting that speaking before me is a guy from an exchange like ICE. I >> mean that's where the industry is now

Kevin. I mean we've been >> what's he doing here? >> I know right man I mean we spoke to folks that you mentioned earlier >> from Broad Ridge from large institutions. >> Does that signal anybody that maybe he's thinking about Avalanche? >> Exactly. >> Like I don't know but that I looked through the guests I said what the hell is he doing here? >> Yeah. It's like as soon as I see him, I'm going to ask him. >> Well, President Trump said hyperlquid on national TV a couple weeks back, right? Obviously, from the highest level of power, they're trying to bring these products into the US. Privacy has been a massive categorical winner in the industry. Zcash has been absolutely flying, the best performing asset. There are sectors now, Kevin, in this industry that I think didn't previously exist.

I'm just curious, you know, you speak about your kind of portfolio allocations here. What would make you go bigger into the crypto industry? I know you're, you know, you've been heavily invested into AI, into a lot of uh kind of broad consumer sectors. What would make you go bigger into digital assets? >> Adoption. Use case adoption. If you told me an exchange adopted one of these chains, I'd be all over that. the values of those of those tokens will go through the roof because that is going to be the platform by which tokenization is supported on that exchange. That's the next big thing. So, who's going to get it? Which chain's going to get it? And and everybody, not not just me,

everybody's trying to figure this out. I don't think it's going to be Ethereum anymore. I don't think it's fast enough. I don't think it's secure enough. I that's an opinion, my own opinion, but clearly they would have had it already. >> And so, they didn't get it. and they and you know most of the of the um anything to do with stable coins, they're probably 50% of all transactions on stable coins, but that's not going to work for stocks. You can't wait six minutes for a stock. You need you need price discovery and boom, you got to do the trade. >> And so when you're when you're looking at constructing a portfolio, this plays a significant role in that portfolio. We had someone come on and basically describe this radical portfolio theory because it seems like we're moving away from 6040 bonds and stocks. We're moving

towards alternative asset classes. You're wearing one around your neck. And so, how do you think about alternative asset classes and investments? How do you think the modern portfolio should look? >> Yeah. Well, you're 100% right. I I'm just one investor, but I am not 6040 anymore. 15 years ago, I was 6040. alternatives are already 23% of my portfolio including stuff like this, >> you know, but for me it's it's I'm looking for my two basic themes in in in right now, for example, AI. Yes, I want to be an AI, but I don't want to guess which model is going to win. So my thesis is to go back to the picks and

shovels of AI and say I'm just going to invest in power. You can't do AI without power. You can't do anything without power. So the investments there that were considered alternatives 5 years ago was bit zero. It was private. It works in Norway and Finland, now it's public on the on the NASDAQ, but it has contracts in Norway and Finland on land power, fiber permits, and it doesn't used to be a Bitcoin miner. It doesn't do it doesn't care about Bitcoin. It cares about power now. In Alberta, I have a power project uh that's private. Utah power project. I'm building I'm going power. And finally, for the first time ever, I have a position in uranium, the actual commodity, >> because the next big thing in the next

few years is going to be small modular reactors that are like the same ones of nuclear submarines for power generation all over the grid in the US. You can't run those without uranium. You might as well buy the picks and shovels of that strategy, which is the commodity uranium itself. >> Sure. >> So, I'm long uranium. I've never been long uranium before. And so Kevin, when you think about the possibilities in the TAM of digital or you call it this digitization trend, right? Um we're speaking about all of finance kind of modernizing, right? And so this is a massive market. There's repo, there's forex, there's equities trading, there's bonds. It's massive. There's going to be winners in this digital asset industry.

Obviously, kind of you've got this king of Bitcoin. People are, you know, they still call for a million-dollar Bitcoin. First, I'm curious. Do you think Bitcoin will ever hit a million? If so, when? And second, if this whole thesis plays out, this tokenization digitization thesis, who is going to win the most and who will lose in the in the current era? >> Well, it's a great question and here's my answer. everything you talked about in financial services including BTC in terms of the allocation of the volatility of that pricing. You you buy BTC and you are exposed to V in pricing but the big winner of all of that is going

to be the chain that standardizes the exchanges. Like that's who is it going to be? Whoever gets that is going to be the biggest winner and the biggest losers will be the other chains that didn't get that for whatever reason. I mean, somebody has to make a decision on what they're going to standardized on. And I would have said 18 months ago or last, you know, July it looked like ETH didn't happen. But that that's not going to happen until after the clarity passes. I don't think uh you know on a on a partisan basis that we're going to give this administration a win by

passing clarity, but I think they'll go through the midterms and then we'll look at it again because on a bipartisan basis they have to pass it. But the answer to your question is show me the chain that gets the first exchange. >> Yeah. >> And then watch what happens the value of those tokens. >> Yeah. We have maybe less than 30 seconds. Rapid fire. Will Bitcoin ever hit a million? It will if it can resolve the doubt creeping in around quantum computing, you know, breaking the algorithms and the chain and the encryption. Um, they call it Q day. It's another theme out there as investors. Some people are putting on a counter bet by investing in some of these nasent companies that are developing quantum computing software.

It's a security play and that's also on the chain. So, you know, there's a lot this is why everybody's back at Avalanche conference. There's so many themes, you know, you feel you feel the energy in here. It's big. >> AI slowdown. >> AI slow down. >> It's not going to happen. There's no way there's going to be AI slowdown. So, you let the Chinese beat everybody? Are you kidding? It's never going to happen. I mean, I love this. Uh, robots are going to eat all the babies. I mean, that's one narrative. The other is we're going to cure cancer. Yeah, I'm in the cure cancer camp. >> Kevin, I really appreciate your time.

Last one. Who's your favorite shark on Shark Tank and who is your least favorite shark? Well, everybody knows my favorite shark. It's Mr. Wonderful. I love that guy. I mean, all roads lead back to Mr. [clears throat] Wonderful. And I can't I I can't say who's my, you know, because because, you know, that's kind of negative for guys you work with. But, um, I will say this, and it's important to show respect. The only reason Barbara gets to Shark Tank every year is I buy her a new broom. [laughter] >> Kevin, thank you so much, man.

>> Quick photo here, Kevin. >> All right, you got it. Thank you guys. >> Okay. Thanks. Thanks so much, man. It was a pleasure. Pleasure to see you, man. >> I loved you and Marty Supreme. >> That's great. [laughter] I love Marty Supreme, too. I mean, >> I wanted to ask you why you said you were a vampire and born in 1601. >> Because I didn't feel that that guy got away with murder and he should have paid a price. I wanted the ending and they considered it that in his 60s at a Tears for Fears concert, I sit be behind him and bite his neck.

We actually thought about it is an animal. >> I love it. I absolutely love it. >> Guys, thank you so much. Thank you to Nancy, fellow Canadian. Spent her summers in the cottages. Love Perry Sound. Thank you, Ariel. Thank you, Margaret, so much. And thank you, Kevin. Thank you so much.