Anthony Pompliano

So do they all just meet in the middle and we basically have these venues that have every asset imaginable that's trading through them and that's kind of the end state, whether they're coming from the crypto world or they're coming from the traditional world?

When we were gonna sit down and talk, I was very excited because you run a company that does a lot of systematic trading.

And so you're very familiar with algorithms and automation and all this stuff.

One thing that I've been thinking a lot about is this like agentic finance.

And when I think about agentic finance, I look at, you know, take Amazon, who's not in the finance industry necessarily.

They have about 1.5 million humans that work at that company.

And they have about 750,000 robots of some form factor.

And so you can think about that as two thirds humans, one third robotics.

My guess is over time that that will flip and eventually they'll have more robots than they will have humans.

If you go in the finance industry and you look at JP Morgan, they have about 300,000 employees.

I have no clue how many AI agents or kind of algorithms are running, but my guess is it's not 300,000.

But you could easily see a world where that will flip as well on the software side.

And so we know the traditional financial system, especially in the stock market, has very heavily shifted to algorithmic trading and automation.

And just go to the New York Stock Exchange, used to be open outcry method.

Now there's more of a kind of ceremonial things going on on that platform.

Can you explain a little bit as to how pervasive algorithms are in the traditional world?

And then maybe highlight like how much of the crypto market is still human driven versus the algorithmics?

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