Let's look at Bitcoin prices this morning. Oh my god, there might not be another interest rate cut. Uh, better sell some Bitcoin.Um, there it is. Um, right now down 598 at 87. We'll talk about where it's been uh with Anthony Pompiano, founder uh and CEO.I was looking at Coinbase. Got as high as 300 back in 21. Then it went all the way down to 30. Then it got all the way up Anthony and then we'll get to coin uh to Bitcoin all the way up to almost 400 again.Now it's almost been cut in half again. very volat d ...

Tokenized Gold - Tokenized gold addresses the monetary use case while retaining gold's inherent utility and scarcity [1]

Tokenized Commodities Market - The market capitalization of tokenized gold has increased 50x since 2021, reaching $36 billion [1]

Market Overview - Tokenized gold market cap reaches $36 billion [1] - Tokenized gold market cap increased 5000% since 2021 [1]

Tokenized Commodities - Tokenized commodities are emerging onchain [1] - Tokenized gold onchain has increased from approximately $12 billion to $35 billion [1] Market Size - The current value of tokenized gold onchain is approximately $35 billion [1]

Market Trends - Tokenized commodities are emerging onchain [1] - Tokenized gold onchain has increased from approximately 12 亿 (1.2 billion) 美元 in January 2025 to approximately 35 亿 (3.5 billion) 美元 today [1]

Core Insights - The rise of gold prices to all-time highs has increased interest in tokenized gold as a means for investors to engage in the "debasement trade" through blockchain technology [1] - Tether's gold tokens (XAUT) experienced a significant market cap increase from $1.44 billion to nearly $2.1 billion, reflecting a 60% jump in value as gold prices surged [2] - Tokenized gold currently represents about 1% of the real-world asset market, with a market cap of approximately $3 billion, compared to stablecoins backed by the US dollar, which have a market cap of around $300 billion [3] Industry Trends - Tokenized gold offers an alternative method for holding gold in a digital wallet, allowing for 24/7 trading and peer-to-peer transferability, as noted by WisdomTree's head of digital assets [4] - The ability to use tokenized gold as collateral for loans is highlighted as a compelling feature, especially in the context of US dollar debasement [5] - Both gold and bitcoin are viewed as complementary assets that serve as hedges against inflation in a climate of extensive money printing [6] Market Dynamics - The tokenization of assets has gained traction in the US, supported by new legislation that has spurred the growth of stablecoins [7] - Industry leaders, including Robinhood's CEO and BlackRock's CEO, emphasize the unstoppable momentum of tokenization and its potential to revolutionize investing [8]

Core Viewpoint - A debate is emerging between Peter Schiff, a gold advocate and Bitcoin critic, and Changpeng "CZ" Zhao, co-founder of Binance, regarding the merits of Bitcoin versus tokenized gold as a form of money [1][2]. Group 1: Debate Context - Schiff has publicly invited CZ to discuss which asset better fulfills the traditional economic functions of money, including being a medium of exchange, a unit of account, and a store of value [1]. - CZ has expressed willingness to engage in the debate, acknowledging Schiff's professional approach despite their differing views on Bitcoin [2]. Group 2: Market Performance - Gold has recently reached a record high of over $4,035 per ounce, driven by U.S. government gridlock and concerns about fiscal stability [3]. - Bitcoin has also seen significant gains, surpassing $126,000 earlier this month, marking its highest value to date [3]. Group 3: Asset Perspectives - Schiff argues that Bitcoin's volatility and lack of intrinsic value make it unsuitable as money, while he promotes tokenized gold as a superior asset that combines the tangible nature of gold with blockchain efficiency [4][5]. - Schiff's upcoming platform, Shift Gold, aims to allow users to buy, store, and redeem gold through blockchain-based tokens [5]. Group 4: Counterarguments - CZ counters Schiff's claims by stating that tokenized gold relies on third-party custodians, which undermines its status as "on-chain" gold, and emphasizes that Bitcoin's decentralized nature makes it a more reliable digital currency [6]. - The exchange between Schiff and CZ highlights a longstanding debate in finance regarding whether digital or physical scarcity will shape the future of monetary value [7].

Core Insights - Gold prices have experienced a significant decline, with a market capitalization loss of nearly $2.5 trillion, marking the largest two-day drop since 2013, trading at $4,058.19 per ounce, down 0.97% [1] - The total market cap of tokenized gold has decreased by approximately 7% in the past 24 hours, standing at $3.8 billion [2] Tokenized Gold Performance - Tether Gold (XAUt) saw a price drop of 4% in 24 hours, trading at $4,040.85 [3] - PAX Gold (PAXG) fell by 3.9%, with a trading price of $4,090.41, each token backed by one troy ounce of gold stored in LBMA vaults [3] - Kinesis Gold (KAU) decreased by more than 4%, trading at $131.19, with each token backed by 1 gram of gold [4] - VeraOne (VRO) was the most affected, dipping over 7% in 24 hours, trading at $129.83, with each token backed by 1 gram of LBMA gold [4]

Market Trends - Tokenized gold is experiencing significant growth on Ethereum, reaching all-time highs [1] - The rise of tokenized gold suggests a potential future where traditional fiat currency becomes obsolete [1] Cryptocurrency & Tokenization - The industry is moving closer to a "New Money era" with the increasing adoption of tokenized assets [1]