Latest / The Paul Barron Crypto Show / Bitcoin Blasts Through $65k🚀EPIC Crypto Week Incoming!️‍🔥

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Bitcoin Blasts Through $65k🚀EPIC Crypto Week Incoming!️‍🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Could be one of the biggest and most epic weeks
• 0:08
  Speaker 1: in crypto. We're going to break it all down for
• 0:10
  Speaker 1: you guys today. Don't miss it. My name is Small Barrel.
• 0:12
  Speaker 1: Welcome back into tech path. There's a lot happening this week.
• 0:15
  Speaker 1: Of course, we will get to the reason that bitcoin
• 0:18
  Speaker 1: is pumping and also take a look at some of
• 0:20
  Speaker 1: the market from an all coin standpoint. Is there some
• 0:23
  Speaker 1: big moves on the horizon. I do want to thank
• 0:26
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• 0:29
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• 0:47
  Speaker 1: So just use our link down below and you guys
• 0:49
  Speaker 1: can get started. Taking a look quickly at the market.
• 0:53
  Speaker 1: I was just going to zoom in on the market
• 0:55
  Speaker 1: cap holding at two point two eight trillion right now,
• 0:59
  Speaker 1: up about four almost five percent four twenty four hour
• 1:03
  Speaker 1: volume is up significantly ninety six percent. So we're seeing
• 1:07
  Speaker 1: a lot of activity going on the market right now.
• 1:10
  Speaker 1: I want to jump into one of the clips today
• 1:13
  Speaker 1: that breaks down, is this market going to hold? Take
• 1:17
  Speaker 1: a look.
• 1:18
  Speaker 2: The last time you're on, I think your basic thesis
• 1:21
  Speaker 2: was that market's still solid through the end of the year,
• 1:24
  Speaker 2: but in the meantime there could be some volatility and
• 1:28
  Speaker 2: maybe even a pullback. Now I think you're saying it's
• 1:33
  Speaker 2: been more stable than what you're expecting, and it has
• 1:36
  Speaker 2: to do with liquidity and cash on the sidelines more
• 1:39
  Speaker 2: than anything else.
• 1:40
  Speaker 3: Yes, that's right, You're right. We've kind of been sort of,
• 1:44
  Speaker 3: I think fooled by seasonality because we thought markets would
• 1:47
  Speaker 3: be hesitant before the elections and it's October. But we've
• 1:53
  Speaker 3: you know, we've seen this market be incredibly resilient, So
• 1:57
  Speaker 3: I've underestimated how strong this market's I think it really
• 2:01
  Speaker 3: shows macro data is becoming less important, and it's now
• 2:06
  Speaker 3: the fact that a lot of cash has been on
• 2:09
  Speaker 3: the sidelines. You know, for the last two years, investors
• 2:11
  Speaker 3: expected a recession, or many thought when the curve on inverts,
• 2:15
  Speaker 3: we got a recession. But at the end of the day,
• 2:17
  Speaker 3: there's six tion dollars of cash on the sidelines, and
• 2:20
  Speaker 3: October has turned out to be a great month. I mean,
• 2:23
  Speaker 3: it feels like investors are under invested in stocks. I
• 2:27
  Speaker 3: think there's people who've dreaded twenty twenty four thinking this
• 2:32
  Speaker 3: is the year we slip into a recession, and instead
• 2:35
  Speaker 3: and we're seeing it with earnings, companies have been really resilient.
• 2:37
  Speaker 1: One of the things that Lee is kind of leaning
• 2:39
  Speaker 1: into here in terms of the markets in general, is
• 2:41
  Speaker 1: the global component. One of the things that play into
• 2:44
  Speaker 1: that is China. Goldman Sachs of course upgrades China under
• 2:47
  Speaker 1: their growth forecast on their latest stimulus this Remember the
• 2:50
  Speaker 1: Saturday date was when they were supposedly going to announce.
• 2:54
  Speaker 1: They didn't give the number, but the likelihood is we're
• 2:56
  Speaker 1: going to start see more solidity on what that number
• 3:00
  Speaker 1: is going to be in terms of the injection into
• 3:03
  Speaker 1: the market for them. One of the things they're pointing
• 3:05
  Speaker 1: at right here in this article. Beijing and unveiled a
• 3:07
  Speaker 1: series of measures showing up growth. Plans for a greater
• 3:10
  Speaker 1: public spending announced over the weekend, and then China's growth
• 3:13
  Speaker 1: domestic product to expand at four point nine this year,
• 3:15
  Speaker 1: up from four point seven. That's a big deal. It
• 3:18
  Speaker 1: also lifted its growth prediction for next year from four
• 3:20
  Speaker 1: to seven to four to three from four to three.
• 3:23
  Speaker 1: That's significant. That's a massive growth when you look at
• 3:26
  Speaker 1: GDP in general, that of course means a lot of
• 3:28
  Speaker 1: stimulus into the markets. Bond markets most likely will get
• 3:31
  Speaker 1: reactions to this, as will and that goes back to
• 3:34
  Speaker 1: the point that Lee was talking about, which of course
• 3:36
  Speaker 1: is liquidity. Liquidity in the market, a lot of people
• 3:39
  Speaker 1: having money on the sideline. Gets back to even what
• 3:42
  Speaker 1: Matt Hogan and I have been talking about on our
• 3:45
  Speaker 1: last interview, and that is this wall of capital that
• 3:47
  Speaker 1: is just waiting for a play to happen, and in
• 3:50
  Speaker 1: his opinion, he thinks that ets will play into that.
• 3:53
  Speaker 1: But if you look at bitcoin right now, there's the
• 3:56
  Speaker 1: daily on Bitcoin, there's that nice green candle coming up.
• 3:59
  Speaker 1: But really, if you look over the last four days
• 4:01
  Speaker 1: from that fifty nine low, a lot of people were
• 4:04
  Speaker 1: shorting this and of course a lot of bitcoin shorts
• 4:07
  Speaker 1: ended up getting liquidated over this period of time, just
• 4:10
  Speaker 1: in the last four days, as bitcoin starts to top
• 4:12
  Speaker 1: out a little over sixty six thousand. Now, the question
• 4:15
  Speaker 1: is is does this break through and do we see
• 4:17
  Speaker 1: it move on to the next layer. It's still waffling
• 4:20
  Speaker 1: right now. I don't necessarily see that this is going
• 4:22
  Speaker 1: to continue this storm at this point. However, there are
• 4:27
  Speaker 1: some key things happening this week that I think will
• 4:29
  Speaker 1: potentially indicate that, and of course that part of that
• 4:32
  Speaker 1: is going to be the election. The election. Kamala Harris,
• 4:35
  Speaker 1: of course is unveiling a crypto campaign supporting for both
• 4:39
  Speaker 1: crypto and cannabis, and a couple of points that she'll
• 4:42
  Speaker 1: get into and I'll show you guys something here specifically,
• 4:45
  Speaker 1: But Matt Hogan made a statement about this serious question.
• 4:48
  Speaker 1: Is this a statement or the extent of Harris's pivot
• 4:50
  Speaker 1: people are excited about, or did she say more in
• 4:52
  Speaker 1: the live setting. This was the question mark of to
• 4:55
  Speaker 1: what the statement was around what was going into the program.
• 4:58
  Speaker 1: Now we looked up the a actual intent of what
• 5:02
  Speaker 1: they were wanting to do, and it's the opportunity agenda
• 5:05
  Speaker 1: for black men. However, the statement here actually says everyone,
• 5:11
  Speaker 1: but it is enabling black men to hold digital assets
• 5:14
  Speaker 1: to benefit from financial animation innovation. Mainly, there's more than
• 5:16
  Speaker 1: twenty percent of black Americans who have owned cryptocurrency. Interesting
• 5:20
  Speaker 1: that they just woke up to this. That's a problem
• 5:22
  Speaker 1: because they weren't aware of what was actually happening, But
• 5:26
  Speaker 1: the fact that they are coming around and trying to
• 5:28
  Speaker 1: do something could play into this. But one other statement
• 5:31
  Speaker 1: right here, she will make sure owners and investors of
• 5:35
  Speaker 1: digital assets benefit from regulatory framework. Black men and others
• 5:40
  Speaker 1: who participate in this market are protected. There's no real
• 5:43
  Speaker 1: clarity here of how they would be protected, but it
• 5:46
  Speaker 1: does get into the scenario of there's an intent here.
• 5:49
  Speaker 1: Whether you think this is just again posturing for votes
• 5:52
  Speaker 1: because of their position right now losing the blackmail vote
• 5:56
  Speaker 1: in I shouldn't say losing because they still have a
• 5:57
  Speaker 1: large percentage of but not getting the amount that would
• 6:02
  Speaker 1: be indicative of what we've seen in the past, both
• 6:04
  Speaker 1: from Biden's campaign and also all the way back to
• 6:07
  Speaker 1: Obama's campaign. So there's a lot at risk right now
• 6:11
  Speaker 1: for Kamala Harrison. I think this is the thing that
• 6:13
  Speaker 1: we have to look at currently. If you look at
• 6:15
  Speaker 1: the election forecast on poly market, Trump continues to widen
• 6:19
  Speaker 1: his lead, so we'll see a lot around this now. Again,
• 6:22
  Speaker 1: all this indicates whether or not this will be good
• 6:25
  Speaker 1: for crypto If maybe there is a silent Harris vote
• 6:30
  Speaker 1: out there, and if there is, could Trump end up
• 6:33
  Speaker 1: losing on the back end thinking that they were in
• 6:36
  Speaker 1: a good position. I don't know. This is going to
• 6:38
  Speaker 1: get very dicey toward the end. Again, let me know
• 6:42
  Speaker 1: what you guys think in terms of how this affects
• 6:44
  Speaker 1: crypto overall. If it's Kamala white House or if it's
• 6:47
  Speaker 1: a Trump white House. I want to go to a
• 6:49
  Speaker 1: couple other points. Right here, Trump of course is getting
• 6:52
  Speaker 1: ready to launch the crypto project World Liberty Finance Financial
• 6:56
  Speaker 1: That actually happens tomorrow, so there's going to be people
• 6:59
  Speaker 1: think there's a hund thousand credit investors ahead of the
• 7:03
  Speaker 1: WLFI launch. And of course the key here is is
• 7:08
  Speaker 1: there's a lot of vesting involved here typical crypto. I
• 7:11
  Speaker 1: do get that, but the fact that there's a lot
• 7:13
  Speaker 1: of people involved in this is pretty indicative. I think
• 7:16
  Speaker 1: of a potential here of a lot of people thinking
• 7:19
  Speaker 1: that Trump is going to win this White House. Going forward.
• 7:23
  Speaker 1: Other things that are happening. Solana of course is starting
• 7:26
  Speaker 1: to move. Total value locked surpasses six billion for the
• 7:29
  Speaker 1: first time since January of twenty twenty two. That's another
• 7:33
  Speaker 1: big issue right there. And you know, we've been looking
• 7:36
  Speaker 1: at Solana in general and it's still one of those
• 7:39
  Speaker 1: scenarios where there is a lot more competitiveness in this
• 7:43
  Speaker 1: space around where Solana is setting than it has had
• 7:47
  Speaker 1: in the past. If you look at DeFi Lama, you
• 7:50
  Speaker 1: can kind of see, yes, it has had that position,
• 7:53
  Speaker 1: but it has been somewhat kind of sideways here from
• 7:58
  Speaker 1: most of twenty twenty four once we hit that time high,
• 8:00
  Speaker 1: but pretty much sideways since then. The real question is
• 8:03
  Speaker 1: is that does it continue to get injection from the
• 8:06
  Speaker 1: market and do we see Solana leading out the all
• 8:09
  Speaker 1: coins this cycle other things that are happening. You got
• 8:12
  Speaker 1: to look at a metallics article on ethereum now, is
• 8:15
  Speaker 1: there a possibility because there was quite a bit of
• 8:17
  Speaker 1: a stream here on things that Vitallic was wanting to
• 8:21
  Speaker 1: make sure that Ethereum continues to build on speed. Of course,
• 8:25
  Speaker 1: everybody knows the expensive to join right now. This is
• 8:28
  Speaker 1: the problem lower staking requirements most likely. We've talked about
• 8:32
  Speaker 1: this before and I'm kind of zoom in on that
• 8:34
  Speaker 1: for you guys, lower staking requirements. This could be a
• 8:37
  Speaker 1: possibility that could come faster than many people are thinking.
• 8:41
  Speaker 1: All of this still could be very positive for ETH.
• 8:44
  Speaker 1: The question is is can they accelerate it these changes
• 8:48
  Speaker 1: before this bull run really gets going, even though I
• 8:50
  Speaker 1: think we're still on the early stages of it, and
• 8:54
  Speaker 1: this is potentially a time where a lot of people
• 8:57
  Speaker 1: are looking for marketplace. When you think about mark Plays,
• 9:00
  Speaker 1: the Avalanche ecosystem is absolutely on fire right now if
• 9:04
  Speaker 1: you look at some of the things that have happened
• 9:06
  Speaker 1: just in the last week. I don't know that it
• 9:09
  Speaker 1: was a surprise to people like us or even if
• 9:12
  Speaker 1: you're watching this show people like you. Is the success
• 9:16
  Speaker 1: of what we saw with Gunzilla and of course off
• 9:19
  Speaker 1: the grids, so early access began, thing went crazy. All
• 9:23
  Speaker 1: the streamers loved it. I mean the surprise. I think
• 9:26
  Speaker 1: it was a surprise to most of the traditional gaming
• 9:29
  Speaker 1: to realize that this game really worked and it was
• 9:33
  Speaker 1: something that was fantastic to play, very fun, and guess what,
• 9:36
  Speaker 1: it has a crypto marketplace. One of the couple actually
• 9:39
  Speaker 1: a couple other things in here. They've got the nine
• 9:41
  Speaker 1: thousand network upgrade coming, the summit is happening this week
• 9:45
  Speaker 1: in US Argentina, and of course their incentive program. The
• 9:50
  Speaker 1: other thing that's kind of critical here is almost two
• 9:53
  Speaker 1: million in avax is getting repurchased from the Luna Foundation.
• 9:56
  Speaker 1: That's about forty five million right now. That I think
• 9:59
  Speaker 1: is a perfect timing because I think we're going to
• 10:01
  Speaker 1: see the treasury take advantage of that as the market
• 10:05
  Speaker 1: starts to react to what's happening within the Avax ecosystem.
• 10:08
  Speaker 1: The Avax ecosystem. Of course, you have to consider right now,
• 10:12
  Speaker 1: Grid just reached five point five million wallets. They're watching
• 10:16
  Speaker 1: the Wives of Web three gram and this is a
• 10:18
  Speaker 1: men their CEO talking about this. With Avalanche, fifty three
• 10:23
  Speaker 1: million transactions was the surprise to me. And remember this
• 10:25
  Speaker 1: is not fully released yet, so imagine what this is
• 10:28
  Speaker 1: going to be. Think that one hundred x because once
• 10:31
  Speaker 1: this goes out onto Avalanche and it's fully available to play,
• 10:34
  Speaker 1: I think we are going to see an unbelievable market
• 10:38
  Speaker 1: rush into Off the Grid and many more Web three
• 10:41
  Speaker 1: games starting to make take advantage of that kind of
• 10:44
  Speaker 1: trailblazing way. So definitely some things to keep an eye on.
• 10:48
  Speaker 1: Dex a Lot is another one that we're watching right now.
• 10:50
  Speaker 1: As they continue to see their daily volume continuing to
• 10:53
  Speaker 1: spike spike, I anticipate we're probably going to see some
• 10:56
  Speaker 1: things coming out at the event in Argentina around the ecosystem.
• 11:02
  Speaker 1: So watch the ecosystem, much like what happens at Swell
• 11:07
  Speaker 1: when you look at Breakpoint with Solana. Watch these ecosystems.
• 11:11
  Speaker 1: Dex Alt is one we're keeping a very close eye on,
• 11:14
  Speaker 1: along with others. Of course. The other one to watch
• 11:16
  Speaker 1: here at course's aerodrome continuing to dominate liquidity on base
• 11:21
  Speaker 1: and this is something we've talked about before as well,
• 11:24
  Speaker 1: continuing to climb. Now, if I was looking at one
• 11:26
  Speaker 1: or the other within the ecosystem, yeah, I think I
• 11:30
  Speaker 1: would probably still stay with dex a lot as the
• 11:33
  Speaker 1: play if this was Depending on where you are, some
• 11:36
  Speaker 1: people may already own both both these sokens, but it
• 11:39
  Speaker 1: is one to watch just to give an example of
• 11:41
  Speaker 1: aerodrome and where they've come from. Right here, this is Sunday,
• 11:45
  Speaker 1: September the seventh, an aerodrome up one hundred and eighty
• 11:49
  Speaker 1: six percent. So right here I want to take a
• 11:51
  Speaker 1: look also at the dexalot chart and you'll notice here
• 11:55
  Speaker 1: there's a lot of movement kind of sideways within this range.
• 11:58
  Speaker 1: So it hasn't taken on now, sure it's been a
• 12:00
  Speaker 1: nice move here over this period of time, but this
• 12:03
  Speaker 1: is just the last couple of days. So this is
• 12:05
  Speaker 1: the one that I think has a lot more opportunity
• 12:08
  Speaker 1: if we go over here to the weekly and I
• 12:10
  Speaker 1: want to just show you on the long range where
• 12:13
  Speaker 1: dex a lot has been so you can kind of
• 12:15
  Speaker 1: see there. Guys, look at that this thing is really
• 12:18
  Speaker 1: in its just beginning face. So if they drop anything
• 12:23
  Speaker 1: that is amazing this week, this project is going to react,
• 12:27
  Speaker 1: and it could be reacting at the right time, meaning
• 12:30
  Speaker 1: the Avalanche ecosystem reacting at the right time. You look
• 12:33
  Speaker 1: at what's happening without the grid, you look at what's
• 12:35
  Speaker 1: happening with AVAX in general, and a lot of these
• 12:38
  Speaker 1: l ones are going to be launching. We're going to
• 12:40
  Speaker 1: see the pulsar launch. There's so many things going on
• 12:43
  Speaker 1: that could attribute to a lot more activity within Avalanche.
• 12:48
  Speaker 1: The other one, of course we're watching is Suie and
• 12:51
  Speaker 1: of course Cetus protocol. This is kind of like the
• 12:53
  Speaker 1: Unie swap for Suey, but unstoppable seatas protocol surpassed one
• 12:58
  Speaker 1: billion USD and weekly. The thing to be aware of
• 13:01
  Speaker 1: if you're on the sweet wallet is that you can
• 13:04
  Speaker 1: now use USDC native, so that's a big advancement. We
• 13:07
  Speaker 1: actually had Evanon to talk about this Eva Chang their
• 13:10
  Speaker 1: CEO co CEO on last week, and that video did
• 13:15
  Speaker 1: really well. Go back and watch that video because it
• 13:16
  Speaker 1: was basically preempting the move with Circle and the fact
• 13:21
  Speaker 1: that USDC was going to be available within sue it.
• 13:23
  Speaker 1: Of course, you look at the market right now on
• 13:26
  Speaker 1: that one. Let me go over to Suey real quick.
• 13:28
  Speaker 1: This is the move that we've been talking about these
• 13:31
  Speaker 1: last several weeks. This is the move that we're in.
• 13:34
  Speaker 1: This is the weekly chart right there. If you look
• 13:35
  Speaker 1: at that move since the low right there at fifty
• 13:39
  Speaker 1: eight cents to where we're hovering right now almost three
• 13:43
  Speaker 1: hundred percent. So nice moves on Suiy for some of
• 13:46
  Speaker 1: you guys that are out there going with this one.
• 13:48
  Speaker 1: I still like this one. I think at long term now,
• 13:50
  Speaker 1: could it be in a position where it could be shorted?
• 13:52
  Speaker 1: You know, I just had paradon last week. He was
• 13:55
  Speaker 1: kind of shorting I think a little too early because
• 13:57
  Speaker 1: it was still many people were looking at that two
• 13:59
  Speaker 1: dollars arrange to short on and it didn't happen. It
• 14:02
  Speaker 1: actually blasted through and we saw it, of course perform
• 14:05
  Speaker 1: over the weekend in a big way. So but if
• 14:07
  Speaker 1: you look at where Solana holding that five percent up,
• 14:11
  Speaker 1: you look at Avalanche also holding a position right now
• 14:15
  Speaker 1: as it continues to climb over the last several days,
• 14:17
  Speaker 1: I think this is ready for a breakout. Could it
• 14:19
  Speaker 1: break into that thirty dollars range is a question. That's
• 14:22
  Speaker 1: the one I'm watching very closely. Last up, of course,
• 14:26
  Speaker 1: we will be at the Ripple Swell event tomorrow, and
• 14:29
  Speaker 1: this event we're going to try to catch a handful
• 14:32
  Speaker 1: of very key interviews that I think will give us
• 14:35
  Speaker 1: some indications as to what is being announced, not only
• 14:39
  Speaker 1: at the event, but what does this mean going forward
• 14:43
  Speaker 1: for Ripple and XRP. So make sure and be tuned
• 14:46
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