This is a big-picture conversation on where crypto is really heading.

Hinzugefügt: 2026-06-07

[00:00:00]The decline of the US dollar is not an if question, but a when question.

[00:00:03]Eventually, another currency will take over from the US dollar. [music] Whether that's in 6 months, a year, it will happen at some point.

[00:00:10]>> Today's guest is Zenon Kapron, founder of Kapronasia, who has spent over 20 years analyzing banking, payments, fintech, [music] and digital assets, and now serves as director of GL Insight, a global fintech research and advisory firm.

[00:00:23]>> You've worked across the financial sector. How's that conversation going as it relates to crypto?

[00:00:28]>> The industry is very focused on stablecoins because they see that as having potential and impact and [music] really changing the space.

[00:00:36]>> To me, it seems like the United States is dominating stablecoins. [music] >> Assets like oil and gold are predominantly traded in US dollars.

[00:00:43]There is a real risk [music] that the US could lose that currency hegemon status.

[00:00:47]That has really sharpened the focus around stablecoins. [music] >> It's genius, really. If you think about stablecoins that backed by treasuries, you're effectively democratizing access to to treasuries to everybody, right?

[00:00:56]>> The [music] best way for the US government to have done this would have been through a CBDC. But that would never really fly in the US because the average American national would have pushed back. So, [music] stablecoin is a good backup.

[00:01:07]>> Do you think people should be concerned about CBDCs?

[00:01:10]>> Despite all the rhetoric about these CBDCs being privacy-first, there will be backdoors and there will be things that governments put in place.

[00:01:18]>> Where are you sort of homed in in regards to the future [music] world we're heading towards?

[00:01:22]>> The future money is not going to be purely crypto, purely bank-based. It's going [music] to be a messy stack of various different options. And for the average individual, that's great [music] cuz it gives you