Anthony Pompliano

You put in a filing cabinet.

But there's two day settlement times.

There's all these kind of inefficiencies that people know, but we're cool with it because it's better than the physical world.

So we had analog age.

We went to an electronic age.

And then my theory was always we're going to move to a digital age.

And the digital age is what now people are looking at is on chain, all this kind of stuff.

Now, the transition period between these, I thought was going to happen way faster.

So in 2017, I was like, you know, it's on our doorstep.

Here we go.

Interestingly, when people were talking about tokenization back then, no one was talking about the dollar.

Everyone was talking about equity and real estate and all those kind of assets.

Ended up being the dollar was the first one.

Now, if you just think of currencies, Bitcoin is on chain.

It is a native asset to the digital world.

The dollars in these stable coins, those are the equivalent of the RWA.

You're taking dollars, you're basically putting them somewhere, and then you are tokenizing the wrapper that you put the dollars in, right, and use it.

The reason why I describe that is I've always used the terminology of is it digitally native or is it in a digital wrapper?

It's kind of like the way that I've thought about it.

It sounds like you believe that both of those will be options in the future.