{"id":25830,"date":"2024-03-01T17:29:24","date_gmt":"2024-03-01T17:29:24","guid":{"rendered":"https:\/\/marketmakersjournal.com\/index.php\/2024\/03\/01\/brock-pierce-co-founder-of-tether-eos-blockchain-capital-on-tokenizing-real-estate-2024-crypto-markets-and-bitcoin-ep-313\/"},"modified":"2024-03-01T17:29:24","modified_gmt":"2024-03-01T17:29:24","slug":"brock-pierce-co-founder-of-tether-eos-blockchain-capital-on-tokenizing-real-estate-2024-crypto-markets-and-bitcoin-ep-313","status":"publish","type":"post","link":"https:\/\/marketmakersjournal.com\/2024\/03\/01\/brock-pierce-co-founder-of-tether-eos-blockchain-capital-on-tokenizing-real-estate-2024-crypto-markets-and-bitcoin-ep-313\/","title":{"rendered":"Brock Pierce, Co-Founder of Tether, EOS, Blockchain Capital, on Tokenizing Real Estate, 2024 Crypto Markets, and Bitcoin | Ep. 313"},"content":{"rendered":"

Brock Pierce<\/a>, a crypto and blockchain OG and founder of Tether and EOS, sat down with Cryptonews Podcast<\/strong> host Matt Zahab to discuss the current bullish situation in the crypto market.<\/p>\n

In a wide-ranging, exclusive interview, Pierce talked about the US returning to the crypto scene as a participant following the spot Bitcoin ETF approvals, democratizing real estate investments through tokenization, and projects avoiding the \u2018securities\u2019 label, even when it suits their products better than \u2018utility.\u2019<\/p>\n

In this interview, Pierce discussed:<\/p>\n

his motivation to join EstateX as an investor and strategic advisor;
\nthe difference between securities and utility tokens;
\nbrick and pixel = where physical and analog meet;
\nhow crypto provides solutions to the traditional banking system;
\nBitcoin ETFs and 52 million Americans holding digital assets.<\/p>\n

The Bull is Running<\/h2>\n

<\/span>
\nThis has been an exciting year so far for everybody in crypto, Pierce told Matt. The entire space went from \u201cbull-ish\u201d to \u201clikely full bull.\u201d<\/p>\n

And we\u2019ve just begun.<\/p>\n

The first massive event for this year was the approval of the spot Bitcoin exchange-traded funds (ETFs<\/a>).<\/p>\n

Pierce argued that people don\u2019t really understand how big of a deal this actually is: both for the Bitcoin (BTC)<\/a> price and the crypto industry in the US.<\/p>\n

Had the opportunity to discuss Bitcoin hovering around $43K after post ETF selloff today on @TheBigMoneyShow<\/a> at @FoxBusiness<\/a> <\/p>\n

Amidst the 2024 US elections, the launch of the Bitcoin ETF marks a pivotal success for cryptocurrency, showcasing its growing acceptance and sparking\u2026 pic.twitter.com\/pWWAU5kjHb<\/a><\/p>\n

\u2014 Brock Pierce (@brockpierce) February 3, 2024<\/a><\/p>\n

This former presidential candidate argued that the USA<\/a> is an innovation leader but that its position on crypto is \u201ca very real concern\u201d in the country\u2019s congress.<\/p>\n

\u201cAmerican entrepreneurs were leaving the country left and right in droves. A lot of America\u2019s greatest talent was leaving. A lot of America\u2019s highest-potential businesses were leaving because of regulatory uncertainty.\u201d<\/p>\n

The ETF approvals changed this. There will be more regulatory issues and discussions. But \u201ceveryone can rest assured that America\u2019s position in being a participant and not continuing to make this industry go away and pushing America\u2019s finest across and out of our borders. It\u2019s a game-changing event.\u201d<\/p>\n

Besides ETFs, another major event will be the much-anticipated Bitcoin halving<\/a> in April.<\/p>\n

Meanwhile, people tend to feel two kinds of ways in these market circumstances.<\/p>\n

On the one hand, \u201call of a sudden, everybody feels poor,\u201d said Pierce, because they measure their wealth based on their highs, not their lows.<\/p>\n

However, a lot of people who have invested in crypto now understand what it is to have some degree of wealth. Per Pierce,<\/p>\n

\u201cThis has been one of the greatest wealth transfers ever.\u201d<\/p>\n

The problem arises, Pierce argued, when people don\u2019t diversify. Many people who have already invested in crypto will choose to diversify a bit in this next run, he said.<\/p>\n

Notably, they are unlikely to reach for memecoins<\/a> or non-fungible tokens (NFTs<\/a>). They will seek to invest in real estate.<\/p>\n

From \u2018Brick and Mortar\u2019 to \u2018Pixels and Bits\u2019<\/h2>\n

<\/span>
\nThe tokenization of real estate<\/a> is not exactly a new idea, but it\u2019s an increasingly popular one.<\/p>\n

And now is a good time to jump into democratizing real estate investments through tokenization, Pierce argued.<\/p>\n

There are many ways to democratize access to this type of investment product, and blockchain<\/a> is not necessary to do that. However, these novel technologies are helpful in the space, Pierse said and added:<\/p>\n

\u00a0\u201cWe talk about the brick and mortar business, call it real estate, and let\u2019s call it \u2018the pixels and bits business.\u2019 This is where brick and pixel, the digital and the analog, the hard and the soft assets meet.\u201d<\/p>\n

This is a very clear value proposition, Pierce said. Real estate is a major asset class that most people do not have access to unless they are very wealthy.<\/p>\n

Tokenization is here to help them enter the real-world asset (RWA<\/a>) space and diversify their portfolios at the same time.<\/p>\n

Per Pierce,<\/p>\n

\u201c[Real estate] is just something that any person that is going through asset allocation and wants to have a well-rounded portfolio with a diverse set of assets that can weather any storm or market condition that comes [\u2026] should consider.\u201d<\/p>\n

Near the end of February 2024, Pierce joined<\/a> real estate tokenization startup EstateX<\/a><\/strong> as an advisor and strategic investor. The company aims to democratize access to real estate investments, allowing investors to benefit from increased liquidity and lower investment minimums.<\/p>\n

Welcome aboard @brockpierce<\/a>! The #EstateX<\/a> Fam is thrilled to have you! <\/p>\n

Here\u2019s to disrupting entire industries and more! Onwards and upwards! https:\/\/t.co\/DsptxH8BRz<\/a><\/p>\n

\u2014 EstateX (@estatexeu) February 20, 2024<\/a><\/p>\n

The possibility to invest as little as a hundred dollars and speculate on real estate as an asset class is something that \u201cwill make the world a better place,\u201d Pierce said.<\/p>\n

He continues to look for more real estate projects that can deliver the types of yields and returns \u201cthat are needed for this to be a viable long-term solution that is ultimately delivering on the promise, which is value.\u201d<\/p>\n

Also, another theme he is interested in is self-sovereign identity, describing it as the Holy Grail.<\/p>\n

This is the foundational layer, he said. \u201cIdentity is more foundational than money value finance. [\u2026] So I\u2019m interested in sort of the continual tokenization where people can be enumerated for their participation in open source software development.\u201d<\/p>\n

Security v. Utility: Some Things Are Better Left Securities<\/h2>\n

<\/span>
\nPierce also touched upon the ongoing battle within and beyond this space: securities versus utilities<\/a>.<\/p>\n

Real estate is a regulated market, and rules are much clearer than they are in the crypto industry. The latter\u2019s lack of clarity has been a sore point for years now.<\/p>\n

A lot of work has to be done to be compliant when offering securities \u2013 it can\u2019t happen fast, and it creates a barrier to entry.<\/p>\n

Therefore, Pierce stressed that,<\/p>\n

\u201cSome people are busy taking what should be a security and making it into a utility to avoid rules and regulation and to not have dilution and getting free money for themselves.\u201d<\/p>\n

He referenced the security token BCAP<\/a><\/strong>, created by Blockchain Capital<\/a><\/strong> under Pierce\u2019s leadership, which went through an initial coin offering (ICO<\/a>) in 2017.<\/p>\n

At the time, Pierce stated that BCAP was a security and was critical of projects that tried to avoid this label.<\/p>\n

\u201cI was watching a lot of people doing their ICOs back in the day where I\u2019m like, you\u2019re really better off being a security,\u201d Pierce told Matt.<\/p>\n

\u201cBecause there is a difference between utilities and securities. It doesn\u2019t all have to be a utility token. There are things that are designed that way. And then there are some things that should be securities.\u201d<\/p>\n

It\u2019s taken a while for the right infrastructure to occur, argued Pierce. But one thing that hasn\u2019t happened yet is security token exchanges and offerings becoming \u201cthe thing.\u201d<\/p>\n

For something to get mainstream adoption<\/a>, it needs to be an order of magnitude better than whatever it\u2019s trying to replace, he said. \u201cOtherwise, it\u2019s a long, slow grind.\u201d<\/p>\n

Pierce concluded by saying that he\u2019s \u201cjust so excited by the world\u2019s potential and what it can be.\u201d He told listeners that \u201cthe future is going to happen to you, or it\u2019s going to happen with you. So get involved if you want to live in a world that is of your liking.\u201d<\/p>\n

A woman in Costa Rica used #Bitcoin<\/a> to sell her eggs at the farmers market. <\/p>\n

Bitcoin empowers developing countries by providing access to financial services through smartphones, acting as a hedge against inflation, and fostering global economic participation. pic.twitter.com\/0eUjtO60LU<\/a><\/p>\n

\u2014 Brock Pierce (@brockpierce) January 29, 2024<\/a><\/p>\n

__________<\/p>\n

About Brock Pierce<\/h3>\n

Brock Pierce is a well-known figure in the cryptocurrency and blockchain space, recognized for his contributions as an entrepreneur, venture capitalist, and advocate for the digital currency ecosystem.<\/p>\n

Pierce began his career in the entertainment industry as a child actor but later shifted his focus towards technology and innovation.<\/p>\n

He co-founded several high-profile projects in the crypto and blockchain sectors, including Blockchain Capital<\/strong>, Tether<\/strong>, and EOS<\/strong>. He has also served as the chairman of the Bitcoin Foundation<\/strong>, aiming to standardize, protect, and promote the use of Bitcoin cryptographic money worldwide.<\/p>\n

Pierce is also involved in certain philanthropic efforts and supports organizations such as the American Civil Liberties Union<\/strong> (ACLU), the Foundation for Individual Rights in Education<\/strong>, and the Brennan Center for Human Rights<\/strong>.<\/p>\n

The post Brock Pierce, Co-Founder of Tether, EOS, Blockchain Capital, on Tokenizing Real Estate, 2024 Crypto Markets, and Bitcoin | Ep. 313<\/a> appeared first on Cryptonews<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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