Michael Saylor

And the use case is tokenizing of securities, tokenizing of currency, tokenizing of other assets, tokenizing of commodities, right?

And you need smart contracts and you need bandwidth and functionality to do it.

It looks like

Ethereum is the early creator of that.

And there's going to be a competition between Ethereum and Solana and Hype and other, you know, Sui and all these other coins.

Ethereum clearly is the leader in that space right now.

And all of the other proof of stake networks are going to be competing, you know, to tokenize securities and tokenize currencies and the like.

I think that the idea of tokenizing securities and other real world assets is strongly legitimized post the last election, right?

I mean, this administration...

Paul Atkins at the SEC, Selig at the CFTC, and the new White House, they have legitimized the idea of tokenizing assets.

And so that was a big boost.

It was a much more difficult future to see two years ago than it is today.

At this point, I would say

There's still a lot of uncertainty about the utility that you can provide to a tokenized currency, tokenized security, or tokenized commodity, or just the creation of a token.

There's a lot of uncertainty there.

And we're hoping for the Clarity Act to clear some of that uncertainty away.

But there's no question that there's a consensus there.

that there is utility in being able to tokenize securities, tokenize currencies, tokenize commodities, create tokens, right?

The perfect world is you can issue a crypto token to raise capital for a small mid-sized business and it takes like two days and 40 bucks, right?

Like the ICO on steroids, what if 40 million companies could all issue their own token to raise capital?