What would the tokenization of all asset classes look like?
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what would the tokenization of all asset classes look like so I've talked a little bit another podcasts about the innovation the disruption in FinTech and how by the his boomed not only for being a lot too digital in terms of for example cash going good less than what generation from cashes came to cash is largely irrelevant to the form of the function of money evolving and changing at an exponential rate so if buddy is digital and buddy is decentralized and if all asset classes become tokenized you know what example of that which is commonly referenced is that the stock market of all the companies on the stock market could become tokenized basically that means that the whole world becomes a form of money or a form of investment if you want to invest in real estate you don't have to buy a house you could buy a token that represents a portion of a real estate company a small portion so you know if you thought 2008 with the CDOs and the credit default swaps was interesting just wait until you could until every person is America or the world could you know do the financial equivalent of you know what was started back then so I've got I'm not saying they're exactly you know in parallel but it's interesting because you know Wall Street started as a very small part of the you know fabric of America decreased let his grown up garbage if I did they say healthcare is the uncontrollable you know cost structure in the United States so that that that definitely has been true but the influx of the influence of the expansion of the financial markets is huge because it's a training it's a training function not a creation function so it's more born the economy is being transformed into it it's a training as opposed to a production or even service so it turns to the tokenization I mean you could carry it even farther than just you know stocks and the various asset classes everything from manufacturing to real estate to pharmaceuticals to anything that you can really imagine is that anything that could be predicted could be tokenized so like you have auger and the you know prediction market so I could buy stock in you is the individual and your future earning potential I could buy stock in professional football teams I could buy stock in high school football teams I could buy stock and you know just trying to think of like some other examples but you know anything that has the potential for growth that could be translated it come it could be tokenized so it almost becomes like a universal form of leverage like the favor saying that could be a lever big enough and I could lose the world you know give me a token big enough and I could buy the world
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