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Tom Lee Buying $250 Million Ethereum💰Institutions Incoming · The Paul Barron Crypto Show

• 0:06
  Speaker 1: A super investor, Tom Lee starts to make a move
• 0:09
  Speaker 1: heavily into Ethan. This is a bitcoiner doing this today.
• 0:12
  Speaker 1: We'll break it down for you. My name is Paul Bher.
• 0:14
  Speaker 1: Welcome back in a tech path. Let's get go on.
• 0:15
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• 0:46
  Speaker 1: All right, let's go over to a couple of points
• 0:48
  Speaker 1: I want to hit on today, And of course the
• 0:49
  Speaker 1: biggest is this strategy around treasuries that are starting to
• 0:53
  Speaker 1: hold bitcoin, ethereum, et cetera, and all of the companies
• 0:57
  Speaker 1: that are starting to line up behind this, Well, if
• 0:59
  Speaker 1: you look at the current bitcoin treasury. Around bitcoin treasury,
• 1:05
  Speaker 1: micro strategy of course is leading the way right there
• 1:07
  Speaker 1: at the number one position. Then of course you have
• 1:09
  Speaker 1: Mara holdings, twenty one Riot platforms, and so on. We've
• 1:13
  Speaker 1: shown this before, but this is somewhat usual suspects within
• 1:18
  Speaker 1: the bitcoin community, and that I think is the interesting
• 1:21
  Speaker 1: part that I've said before is that I'm waiting for
• 1:24
  Speaker 1: an S and P five hundred to actually jump.
• 1:27
  Speaker 2: In on that. Now.
• 1:27
  Speaker 1: The real question is what's going on with strategy in general?
• 1:31
  Speaker 1: Is there some defection starting to happen right here? Their
• 1:34
  Speaker 1: president and CEO, Fungli that has sold a majority of
• 1:38
  Speaker 1: his masterstock and this has been over the last ninety days,
• 1:41
  Speaker 1: So I don't know if this means anything. Kathy Wood
• 1:44
  Speaker 1: mention this the other day on a podcast, is there
• 1:46
  Speaker 1: may be getting to a point we're going to see
• 1:48
  Speaker 1: some discount strategy and that could play into what strategy
• 1:52
  Speaker 1: is going to look like as an investment, which of
• 1:55
  Speaker 1: course would play into what's going on with bitcoin. Further
• 1:59
  Speaker 1: into this, this is the big news, and this is
• 2:01
  Speaker 1: Tom Lee, who is aiming to create the micro strategy
• 2:04
  Speaker 1: of Ethereum, a couple of points here within it, he
• 2:07
  Speaker 1: has been appointed to the chairman of the board and
• 2:09
  Speaker 1: directors of a bitcoin minor, Bitmine Immersion Tech. This is
• 2:12
  Speaker 1: effective today and of course bitcoin excuse me. Bitmine announced
• 2:17
  Speaker 1: the two hundred and fifty million dollar private placement to
• 2:20
  Speaker 1: implement buying strategy around ETH.
• 2:22
  Speaker 2: So very big move here.
• 2:25
  Speaker 1: The fact that we have a Wall Street titan making
• 2:28
  Speaker 1: a move on ethereum. This is huge news for what's
• 2:32
  Speaker 1: going on within the ETH ecosystem. I want to run
• 2:35
  Speaker 1: to a clip real quick and just remind you we
• 2:38
  Speaker 1: showed this the other day and this is a line
• 2:41
  Speaker 1: list of the super investor performances of this year. Michael
• 2:44
  Speaker 1: Burry has now slid down the roster, Kathy Wood has
• 2:49
  Speaker 1: accelerated up because of remove on Circle, and Tom Lee
• 2:52
  Speaker 1: because his move on circle has also moved up. So
• 2:55
  Speaker 1: we are talking about two of the top five super
• 2:59
  Speaker 1: investors in performance right now starting to lean in on ethereum.
• 3:03
  Speaker 2: And when you think about.
• 3:04
  Speaker 1: That, let's go to the next point, and this is
• 3:07
  Speaker 1: what Tom Lee had to say.
• 3:09
  Speaker 2: Take a look.
• 3:09
  Speaker 3: But what we've seen in the last really in twenty
• 3:13
  Speaker 3: twenty five is the financial services industry and crypto are converging,
• 3:18
  Speaker 3: and it really started with stable coins, which is the
• 3:21
  Speaker 3: chat chept of crypto, right, because it's viral adoption by consumers, businesses, banks,
• 3:27
  Speaker 3: and now even visa. The more Ethereum that's accumulated, the
• 3:31
  Speaker 3: more secure the network is. And I think it's also
• 3:34
  Speaker 3: sort of the architecture that future banks will have. You know,
• 3:37
  Speaker 3: when Goldman issues a stable coin and JP Morgan doing
• 3:41
  Speaker 3: on ethereum as a layer one blockchain, they're going to
• 3:44
  Speaker 3: want to secure it by staking ethereum. So we're trying
• 3:47
  Speaker 3: to get in front of that by creating a treasury.
• 3:49
  Speaker 4: Just so I understand it's safer if you own more
• 3:51
  Speaker 4: of it.
• 3:51
  Speaker 2: Explain why that would be.
• 3:53
  Speaker 3: Well. Ethereum is a proof of steak network, so unlike bitcoin,
• 3:58
  Speaker 3: which is proof of work and miners do all the
• 4:00
  Speaker 3: work for you, and that's why you have decentralized trust
• 4:03
  Speaker 3: in ethereum. It's important for these entities to be essentially
• 4:07
  Speaker 3: validate transactions. So by becoming a staking entity, you're sort
• 4:10
  Speaker 3: of securing the fidelity of stable coins, all right.
• 4:16
  Speaker 1: So that in itself, First of all, he's big behind
• 4:20
  Speaker 1: on stable coins in terms of where this market could go,
• 4:23
  Speaker 1: and it's going to get very competitive as we see
• 4:25
  Speaker 1: the stable coin bill come through. The legislation is now
• 4:29
  Speaker 1: sent for possibly an approval by mid July, this according
• 4:33
  Speaker 1: to Secretary of Vessence, So that in itself could start
• 4:37
  Speaker 1: to shake things up. And remember Circle on ether along
• 4:40
  Speaker 1: with a lot of what I think will be future
• 4:42
  Speaker 1: stable coins that will start to compete with Circle, are
• 4:45
  Speaker 1: going to come in on Ethereum. Now, Tom Lee is
• 4:48
  Speaker 1: getting in on Ethereum kind of like if you think
• 4:52
  Speaker 1: about where Sailor was on the early stage of bitcoin,
• 4:55
  Speaker 1: and even that wasn't really the early stage, but it
• 4:57
  Speaker 1: was early for where we are in the comp person
• 5:00
  Speaker 1: to the market right now. So think about where ethereum
• 5:03
  Speaker 1: is today, trading around twenty four hundred. Here's what Tom
• 5:05
  Speaker 1: Lee Hans say about that.
• 5:07
  Speaker 3: You're basically saying that this is the new bitcoin.
• 5:10
  Speaker 1: You're getting in a very early stage.
• 5:12
  Speaker 2: Correct, That's right.
• 5:14
  Speaker 3: Because let's say stable coins such as two hundred and
• 5:17
  Speaker 3: fifty billion today gets to Treasury secordyvesence reasonable two trillion.
• 5:21
  Speaker 3: That's a ten times increase in size. By the way,
• 5:25
  Speaker 3: already stable coins are the twelfth largest holder of treasuries.
• 5:29
  Speaker 3: They'll become the number one holder by then US dollar
• 5:33
  Speaker 3: dominance is twenty seven percent in GDB terms, it's fifty
• 5:36
  Speaker 3: seven percent of central bank reserves, it's eighty percent of
• 5:39
  Speaker 3: financial trading transactions, it's one hundred percent of stable coin denomination.
• 5:43
  Speaker 3: So by getting to true trillion, you're ensuring dollar dominance.
• 5:46
  Speaker 3: It's this is very good for the US, But two
• 5:49
  Speaker 3: trillion of stable coins is a lot of network fees
• 5:52
  Speaker 3: for ethereum, all.
• 5:54
  Speaker 1: Right, and he is right two trillion, I still think
• 5:56
  Speaker 1: that's a low number for what we're going to see
• 5:58
  Speaker 1: in terms of engagement on table coins in general. And
• 6:01
  Speaker 1: if you look at the Treasury list of ETH, these
• 6:04
  Speaker 1: are on ETH reserves right now. This is kind of
• 6:07
  Speaker 1: the same line list of companies that were similar to
• 6:11
  Speaker 1: what I just showed on Bitcoin. There, of course is
• 6:13
  Speaker 1: the E Foundation, sharpening gaming, which we've talked about. This
• 6:16
  Speaker 1: is ASPET, and then of course you've got coin base, Goull,
• 6:19
  Speaker 1: and eventually I think we're going to see this new
• 6:22
  Speaker 1: one come into play where we will see a complete
• 6:26
  Speaker 1: shift in where the power of Ethereum is in terms
• 6:30
  Speaker 1: of strategic holding. So if Tom Lee is right, and
• 6:33
  Speaker 1: I look at his bats that he's made on Circle,
• 6:36
  Speaker 1: his bats that he's made on Bitcoin and his performance
• 6:39
  Speaker 1: just in stock and if you don't follow, you know,
• 6:42
  Speaker 1: fun strit, you should. They also have their own ETF,
• 6:45
  Speaker 1: the kind of the Granny fund, that has been performing.
• 6:49
  Speaker 2: Very well as well.
• 6:50
  Speaker 1: So that gives you a good example of why this
• 6:53
  Speaker 1: particular investor might be on something very.
• 6:55
  Speaker 2: Early for ethereum. Other news, of course you asked for it.
• 6:59
  Speaker 2: This is of course.
• 7:00
  Speaker 1: Robinhood saying that they are now allowing staking, and this
• 7:04
  Speaker 1: was the announcement today that they made in cans and
• 7:07
  Speaker 1: Eth and Solana both are available to us customers. Know,
• 7:10
  Speaker 1: there's a very interesting thing here. We were starting to
• 7:13
  Speaker 1: test this. If you compare what's happening with Solana, we'll
• 7:16
  Speaker 1: just give you an example. Solana course started to chart
• 7:20
  Speaker 1: well after the Robinhood announcement. I think a lot of
• 7:23
  Speaker 1: people are looking at moving their Solana off of maybe
• 7:26
  Speaker 1: something like a phantom wallet. When you look at the
• 7:28
  Speaker 1: performance in the structure of how staking is done, they're
• 7:32
  Speaker 1: moving it into robin Hood. Robinhood courses now paying the
• 7:34
  Speaker 1: two percent bonus on any crypto that's moved in, which
• 7:38
  Speaker 1: was an announcement today instead of the one and one.
• 7:40
  Speaker 1: They've actually accelerated that up to a two percent cash
• 7:43
  Speaker 1: bonus actually goes into your spending account. That is huge
• 7:47
  Speaker 1: because they're matching which is plus seven percent both on
• 7:52
  Speaker 1: Solana and a plus two percent on ETH.
• 7:55
  Speaker 2: So you look at this.
• 7:56
  Speaker 1: In comparison to some of the other competitors out there,
• 7:58
  Speaker 1: this is a big move for Robinhood. I think this
• 8:01
  Speaker 1: will start to bring in a lot of trade activity
• 8:04
  Speaker 1: in reference to what's going on within Solana and ETH.
• 8:07
  Speaker 1: All right, so let's go on over to and we'll
• 8:10
  Speaker 1: announce or give you us some other updates of what
• 8:12
  Speaker 1: Robin Hood did over there. But Axlar also in the
• 8:15
  Speaker 1: mood of trying to get caught up with what's happening
• 8:17
  Speaker 1: in the market right here. So it's live now Axlar's
• 8:20
  Speaker 1: core platform for linking XRP Ledger and the new xrpl EVM.
• 8:25
  Speaker 1: This of course was after criticism of them not moving
• 8:28
  Speaker 1: fast enough and they lost some key players in terms
• 8:32
  Speaker 1: of developers.
• 8:33
  Speaker 2: So Axlar now back.
• 8:35
  Speaker 1: Into the game here on the XRP ecosystem, so be
• 8:38
  Speaker 1: on the lookout for what's going to happen there. Also,
• 8:41
  Speaker 1: Sharpling Gaming just scooped up another almost two thousand eighth
• 8:45
  Speaker 1: even though sharpling gaming down considerably from its high key
• 8:49
  Speaker 1: here is they continue to add on into ETH. Now
• 8:52
  Speaker 1: the real question is will discounting come into play here
• 8:56
  Speaker 1: and will that play out within s BET. Let me
• 8:59
  Speaker 1: know in the comments have you got as it started
• 9:00
  Speaker 1: to move?
• 9:00
  Speaker 2: If you look at SPET right.
• 9:02
  Speaker 1: Now, this is the kind of situation right now that
• 9:04
  Speaker 1: they are in after that high remember around sixty bucks,
• 9:07
  Speaker 1: So this is a big deal right now from where
• 9:10
  Speaker 1: it's playing at around ten bucks right now. We're watching
• 9:14
  Speaker 1: a lot of this because it has a lot of
• 9:15
  Speaker 1: similarities of the early stages of where strategy micro Strategy
• 9:20
  Speaker 1: was doing when it first started moving into custody and
• 9:24
  Speaker 1: holding and buying eth. All right, so let's take a
• 9:27
  Speaker 1: look quickly at btmind. This is the company that Tom
• 9:29
  Speaker 1: Lee has now joined as their chairman.
• 9:31
  Speaker 2: And if you miss the SPET, if you go back
• 9:34
  Speaker 2: to that.
• 9:34
  Speaker 1: Chart right there, you can see that explosion. I'll go
• 9:36
  Speaker 1: out here to the six month that was the ASPET explosion.
• 9:39
  Speaker 1: I don't know if this is going to happen with
• 9:41
  Speaker 1: what's going to go on with bitmind, but the point
• 9:42
  Speaker 1: is is that Tom Lee has a little bit different
• 9:47
  Speaker 1: microphone In essence, one he's a Wall Street insider, I
• 9:50
  Speaker 1: would say, a leading investor on Wall Street, and he's
• 9:53
  Speaker 1: well respected by a lot of the media outlets, so
• 9:56
  Speaker 1: I anticipate he's going to get a lot of action
• 9:58
  Speaker 1: on what he's.
• 9:59
  Speaker 2: Doing at bitmine.
• 10:00
  Speaker 1: And if you look at that right now, it's only
• 10:02
  Speaker 1: market capp one hundred and fifty four one hundred and
• 10:04
  Speaker 1: fifty five million, so this might be on the very
• 10:06
  Speaker 1: edge of something big. Further in, another big announcement that
• 10:10
  Speaker 1: they made today was that Robinhood launched their token is
• 10:14
  Speaker 1: stocks in Europe. Now, they went through the presentation of
• 10:16
  Speaker 1: doing it. They actually did a transaction on Arbitrum, but
• 10:20
  Speaker 1: they tried to draw it out on a chalkboard and
• 10:23
  Speaker 1: I felt like that kind of got lost in the minutia.
• 10:25
  Speaker 1: I don't understand why they presented it that way, because
• 10:28
  Speaker 1: this clip of Robin Hood's flad talking about this and
• 10:33
  Speaker 1: the ease of what this could be was really.
• 10:36
  Speaker 2: Kind of the way they should have done it. Take
• 10:38
  Speaker 2: a look.
• 10:39
  Speaker 4: I think the best products hide the complexities of the
• 10:44
  Speaker 4: underlying technology until the point where you need them. So
• 10:47
  Speaker 4: I think what token issed products are going to look
• 10:50
  Speaker 4: like is it's going to feel like trading stocks on
• 10:52
  Speaker 4: Robinhood or crypto. Probably crypto's the more apt comparison, but
• 10:59
  Speaker 4: you'll have the ability need a self custody over time.
• 11:02
  Speaker 4: And one thing that's very painful right now with the
• 11:06
  Speaker 4: traditional brokerage account is if your broker has an issue,
• 11:10
  Speaker 4: like if there's an outage or some kind of technology issue,
• 11:13
  Speaker 4: you're stuck. And also if you want to move your
• 11:17
  Speaker 4: assets to another broker, it's very painful. It takes multiple
• 11:22
  Speaker 4: days usually have to talk to someone on the phone,
• 11:24
  Speaker 4: and so you're kind of stuck again. And I think
• 11:26
  Speaker 4: in the future you could unlock the full potential of
• 11:30
  Speaker 4: defy and self custody and you could actually be not
• 11:34
  Speaker 4: reliant on a broker at all.
• 11:37
  Speaker 1: That would be epic if we got to see that,
• 11:40
  Speaker 1: and I think that's the way they should have presented
• 11:42
  Speaker 1: it there. It was a good explanation by Vlad there.
• 11:45
  Speaker 1: If you kind of compare what is going on within
• 11:48
  Speaker 1: the major competition of what Robinhood is dealing with, You've
• 11:52
  Speaker 1: got Charles Schwab coming in right behind them at one
• 11:54
  Speaker 1: hundred and sixty five billion trading at ninety bucks right now. Well,
• 11:57
  Speaker 1: if you take a look at robin Hood holding in
• 12:00
  Speaker 1: right now at around eighty one billion. This is in
• 12:03
  Speaker 1: right now Robinhood all time high ninety one dollars. So
• 12:06
  Speaker 1: are we in maybe a transition time over on the
• 12:10
  Speaker 1: Wall Street side of things when it comes to the
• 12:12
  Speaker 1: brokerage houses. And remember that Robinhood is starting to also
• 12:16
  Speaker 1: roll out perpetuals and they announced it both in Europe
• 12:19
  Speaker 1: in all the EU countries but also coming soon to
• 12:22
  Speaker 1: the United States. And the cool thing that they did
• 12:25
  Speaker 1: show at the event was their perp trading, and the
• 12:28
  Speaker 1: perp trading actually was very easy, and I think that
• 12:32
  Speaker 1: may win some people over because right now it's a
• 12:34
  Speaker 1: bit of a process to get perpetuals trading underway, and
• 12:37
  Speaker 1: for many of you guys would like to short and
• 12:40
  Speaker 1: long different stocks and crypto. The opportunity here, I think
• 12:44
  Speaker 1: now coming in on Robinhood if they can get it
• 12:46
  Speaker 1: done quickly. I hope that it's done this year, but
• 12:48
  Speaker 1: we'll see if they can get through the regulators to.
• 12:50
  Speaker 2: Get it done.
• 12:51
  Speaker 1: Other things that are happening right now is Bloomberg's Fear
• 12:54
  Speaker 1: and Greed gauge on the S and P five hit
• 12:57
  Speaker 1: two hundred and ninety eight points. This was on Friday,
• 13:00
  Speaker 1: it's the highest sense March of twenty twenty four.
• 13:02
  Speaker 2: So the market is booming.
• 13:04
  Speaker 1: We are seeing major moves happening around what's not only
• 13:08
  Speaker 1: happening in crypto but also globally and obviously the S
• 13:11
  Speaker 1: and P five hundred. If furthermore, I want to jump
• 13:13
  Speaker 1: over this tweet right here, This of course is Eric
• 13:15
  Speaker 1: Balshun is talking about that this is a huge endorsement
• 13:19
  Speaker 1: for crypto when you look at the trad five world
• 13:21
  Speaker 1: since Larry Fink. Larry Fink was the big previous endorsement.
• 13:25
  Speaker 1: Now we've got one of the biggest asset allocators out there,
• 13:27
  Speaker 1: which is Edelman Financial Engines. That is another one that
• 13:31
  Speaker 1: has now started to move in this They managed three
• 13:33
  Speaker 1: hundred billion for one point three million clients. Now, guys,
• 13:37
  Speaker 1: remember we've talked about this where money managers have been saying, oh,
• 13:40
  Speaker 1: it's three to five percent. Here recently over the last
• 13:44
  Speaker 1: few days, now money managers are saying, maybe it's actually
• 13:46
  Speaker 1: ten to twenty percent. If that is in fact the case.
• 13:50
  Speaker 1: Remember a one two three percent move in one point
• 13:55
  Speaker 1: three million clients three hundred billion. This is one money
• 13:57
  Speaker 1: manager that is significant for the markets in general.
• 14:01
  Speaker 2: So this could be very well.
• 14:03
  Speaker 1: The move on primary assets, especially in the top five.
• 14:06
  Speaker 1: As we start to see crypto move, I think ethan
• 14:08
  Speaker 1: Bitcoin both are going to benefit from that. The other
• 14:11
  Speaker 1: thing you got to look at right now is whorrese
• 14:13
  Speaker 1: Circle is and this remember is that Circle topped off
• 14:17
  Speaker 1: here they have a price target. This is crazy how
• 14:20
  Speaker 1: Circle's IPO is kind of gone, but they now have
• 14:22
  Speaker 1: a price target almost sixty percent the current price. This
• 14:26
  Speaker 1: is coming in from a traditional analyst. Now. The point
• 14:30
  Speaker 1: being behind this is that with the stable coin and
• 14:33
  Speaker 1: the Genius acts starting to go through most likely by
• 14:36
  Speaker 1: mid July when this occurs, we are going to see real,
• 14:41
  Speaker 1: real competition for Circle. And remember that Circle is still
• 14:44
  Speaker 1: splitting the revenue from that with coinbase. So the comparison
• 14:48
  Speaker 1: that Robinhood announced today, what Robinhood is going to be
• 14:51
  Speaker 1: doing with USGD, that's the kind of thing that I
• 14:53
  Speaker 1: think is going to put a little bit of heat
• 14:54
  Speaker 1: on Circle in general. But the idea also remember PayPal
• 14:58
  Speaker 1: starting come to play. Imagine PayPal is going to be
• 15:01
  Speaker 1: doing quite a bit of awareness campaigns to let people
• 15:03
  Speaker 1: know about that. That is where Circle could start to
• 15:07
  Speaker 1: take a little bit of a heat. So I don't
• 15:08
  Speaker 1: know if you guys are still in circle, but let
• 15:10
  Speaker 1: me know if you kind of look at the general
• 15:13
  Speaker 1: coinbase cycle that occurred back from its launch, this goes
• 15:17
  Speaker 1: all the way back into where we launched back in
• 15:20
  Speaker 1: April of twenty twenty one, the dip down, a retrace
• 15:24
  Speaker 1: back to almost to its all time high words or
• 15:27
  Speaker 1: it's high currently what's holding right now at around three
• 15:29
  Speaker 1: forty seven and then of course we saw that winter
• 15:32
  Speaker 1: come down, which was almost a ninety percent correction. Is
• 15:35
  Speaker 1: Circle setting up for that in the stage of where
• 15:39
  Speaker 1: we are in the market right now because we could
• 15:41
  Speaker 1: see some pretty significant activity or do you think that
• 15:46
  Speaker 1: Circle is actually going to accelerate because of all of
• 15:49
  Speaker 1: this new eth adoption in companies like what bitmin is
• 15:53
  Speaker 1: doing and with Tom Lee kind of giving a lot
• 15:55
  Speaker 1: more awareness of what's going on.
• 15:58
  Speaker 2: Listen.
• 15:58
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• 16:14
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