After a tense few days, markets are breathing a sigh of relief, and we are looking at the major US stock averages, mostly higher on SpaceX IPO day.
President Trump calling off scheduled military strikes against Iran and sending stocks to new record highs in New York morning trade on this Friday.
We are looking at Bitcoin straddling that 63,000 level.
Well the real story in crypto may be happening behind closed doors.
Wall Street is quietly putting billions of dollars of real world assets on the blockchain spurred by new. clarity.
Well joining me live here at the New York Stock Exchange to discuss the macro outlook as well as the race to tokenize traditional finance is Yana Prikhodchenko, Global CEO & Partner of Cointelegraph., great to have you here.
Thank you so much for joining me.
Thanks for having me here today.
Thank you.
Well, I can't think of a better time than this historic day, especially with that SpaceX IPO happening in the US.
So there are a lot of factors to consider when we're looking at digital assets.
So what do you make of the landscape right now?
You know, the big thing is, first of all, is a historic. because we see that IPO at SpaceX is $1.7 trillion.
You can imagine that the company that is actually loss making, it's valued at 95 times its revenue, which is like $19 billion.
So it will be a huge change and actually it's a huge influence on the markets because investors are giving a signal that they put a long term bet on the growth of the company and it will obviously influence the crypto market as well and all of the.
Charts of the market.
Yes, and when we're talking about companies going public, whether in the US or overseas, even in the Middle East, when we're looking at the SpaceX IPO, the valuation, just the astounding capital here, it is historic.
But when we're talking about the crypto market, there has also been this conversation that a lot of liquidity has been moving away from crypto.
But at the same time there's a lot happening when it comes to infrastructure and digital assets.
Going on, so basically you can see now that the market is moving.
The crypto market is moving from classic retail, from retail speculation into institutional adoption, and we can see around 37 billion on chain.
You see that institutional players are entering the market.
It's not like a theory anymore.
So basically they started building on chain.
They are moving their assets on chain as well.
And actually one very interesting thing happened just a week ago.
Franklin Templeton, they acquired like 250.
Digital, it's like crypto firm.
It's funny enough, it's not just about infrastructure.
They're buying crypto native talent.
So that's why they want to play part with all of the liquidity of the market.
And of course we did have Chris Perkins on the show very recently to talk about this transformational move for the company, but I did want to get your take on what you make of this crypto winter that we're living through right now.
I believe that this winter it's.
Just the bear bear market.
Actually, Bitcoin went down to 600 and you just said that it was close to 64 today.
Basically it shows a lot that it's a cycle, right?
Bitcoin is always moving into a cycle.
It's a four year cycle.
So basically the historical pattern hasn't changed, and I think that now it's a big learning and big historic moment for us because we're going through transformation of the market.
It becomes cleaner.
It becomes smarter, and as I said, institutional players are coming in to support the market.
And, I'm so glad you're here because I do want to get your take on regulation.
So here in the US we had the Genius Act passed last year and of course we're paying attention to any progress regarding the Clarity Act.
But given your perspective, the fact that you're in the Middle East, what does all of this mean given the expectations for clarity, especially when it comes to talent?
First of all, absolutely Clarity Act plays a role, same as Mika in Europe and they're playing the full year in 2026.
But because I'm based in the is headquartered at DMCC.
So basicallyvara is a key player, one of the key players actually.
So we see the way they are progressing in regulation and actually it means a lot to the markets because when we talk about RA and teization in particular, it helps a lot because once we get clarity, we know how to move on with things and now most of the players are saying that clarity comes in and it helps them a lot to drive the business and as you mentioned you are.
Based in Dubai and you oversee the coin telegraph ecosystem, so you have a unique perspective here.
Give us your take on what you're seeing in the Middle East and what that means moving forward.
So basically you've seen like Mendels had a bit of tension, but it's absolutely calm.
Business is going.
You have plenty of events, and by the way, congrats on your new second home in the exciting one in Dubai, one in Abu Dhabi.
It's absolutely exciting.
So basically I see that the government is supporting a lot and actually all the free zones and.
Players they support the businesses in order to make them grow.
That's a huge support I'm feeling in the region, as I said, we are supporting a lot, and there are lots of plans will be happening in UE and one of them will be events in Abu Dhabi, for instance, like at the end of December.
So we have like life as usual, business as usual in Dubai, just focus on the growth.
Well, it was great having you here at the New York Stock Exchange.
Thank you so much for joining us today and safe travels back to Dubai.
Thank you.
