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BlackRock Loads Up On Ethereum?💰Bitcoin ETF Update · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Let's talk about it ethereum today and what it means
• 0:09
  Speaker 1: with black Rock continuing to double down on this. We'll
• 0:11
  Speaker 1: break it down for you. My name is Paul Bhrer,
• 0:13
  Speaker 1: Welcome back in a tech path. Let's get started, or
• 0:15
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• 0:18
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• 0:20
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• 0:22
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• 0:25
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• 0:29
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• 0:31
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• 0:33
  Speaker 1: traditional blue chips, or even bitcoin in eath, all of
• 0:36
  Speaker 1: it available over on coinbase. Check it out use our
• 0:38
  Speaker 1: link down below. Let's go over to a couple of
• 0:40
  Speaker 1: things I want to hit on today. One of the
• 0:43
  Speaker 1: things to follow up here on this article is showing
• 0:45
  Speaker 1: about one hundred and fifty thousand Bitcoin contracts valued at
• 0:48
  Speaker 1: about fourteen billions, so you can see the ratio hitting
• 0:51
  Speaker 1: it around eighty five thousand, where you'd see a lot
• 0:53
  Speaker 1: of max pain start to evolve, and a couple of
• 0:55
  Speaker 1: points within this I think when you look at the
• 0:58
  Speaker 1: market in general and how that might play out is
• 1:02
  Speaker 1: especially when options are set for these year ins. Yes,
• 1:04
  Speaker 1: you're going to see a little bit of under performance
• 1:07
  Speaker 1: on the market, but I think immediately after that is
• 1:09
  Speaker 1: when people start to really kind of reel back in.
• 1:12
  Speaker 1: With that being said, we are looking very closely as
• 1:15
  Speaker 1: what is this going to look like for the rest
• 1:17
  Speaker 1: of the market. OTC desks now say trading volumes are
• 1:20
  Speaker 1: going gangbusters, and I think that's another factor that plays
• 1:23
  Speaker 1: into so prices are up. Volume is way up. Kraken's
• 1:27
  Speaker 1: OTC volumes have risen almost two hundred twenty percent, so
• 1:29
  Speaker 1: a lot of cash coming in off the sidelines and
• 1:32
  Speaker 1: further into this. Institutions than others are also looking for
• 1:35
  Speaker 1: new opportunities and ways to get exposure beyond the Bitcoin
• 1:38
  Speaker 1: and East. So I think some of this is going
• 1:39
  Speaker 1: to go into the all coin season, which we already
• 1:42
  Speaker 1: kind of know where that is heading. And last up
• 1:45
  Speaker 1: here within this article, they start with Bitcoin and then
• 1:47
  Speaker 1: it moves ether, then to Salona, then they start moving
• 1:49
  Speaker 1: into some all coins and other things like maybe even memes.
• 1:52
  Speaker 1: So as you can see, it's all a cycle of
• 1:55
  Speaker 1: how they're looking for the next potential earner out there,
• 1:59
  Speaker 1: whether it's a category or it's a specific token, other
• 2:02
  Speaker 1: things that are happening right now. Blackrock investors sold one
• 2:07
  Speaker 1: hundred and eighty eight million worth of bitcoin yesterday. So
• 2:10
  Speaker 1: you got to think about it this way, guys. It's
• 2:12
  Speaker 1: not really Blackrock selling this. This is the investors that
• 2:15
  Speaker 1: use Blackrock. Blackrocks gaining the fees on all those transactions,
• 2:19
  Speaker 1: win or lose. That's the advantage that Blackrock has. And
• 2:23
  Speaker 1: of course the investors are saying, hey, maybe it's time
• 2:26
  Speaker 1: to take a little profits off the table and move
• 2:28
  Speaker 1: from there. Or if I'm a short time investor, maybe
• 2:31
  Speaker 1: they're saying, Okay, maybe it wasn't a good bet. I'm
• 2:33
  Speaker 1: going to recoil out of crypto and go back to
• 2:36
  Speaker 1: my traditional investing ways. Those are the kind of scenarios
• 2:39
  Speaker 1: and discussions that are being made. Let me jump to
• 2:41
  Speaker 1: a tweet right here. This is Kiyosaki, Robert Kiyosaki. This
• 2:45
  Speaker 1: is the guy that wrote brig stat portet. I don't
• 2:47
  Speaker 1: understand what he's saying here other than he doesn't like Fink.
• 2:50
  Speaker 1: But the point is is that these are the investors
• 2:52
  Speaker 1: of Blackrock, So clients that are going in and out
• 2:56
  Speaker 1: of the asset, whether it's an ETF, So it don't
• 3:00
  Speaker 1: really have anything to do with Blackrock themselves. They're not
• 3:02
  Speaker 1: making the decision. The point of Bitcoin the price around
• 3:06
  Speaker 1: one hundred K. I think that is the market potential
• 3:09
  Speaker 1: because we've seen it go and in terms of a
• 3:12
  Speaker 1: little better performance over one hundred k, but we haven't
• 3:14
  Speaker 1: seen that sustained win. So I think that it's just
• 3:16
  Speaker 1: a matter of investors getting either coal fee or going
• 3:19
  Speaker 1: ahead and taking profits for those who had been buying
• 3:21
  Speaker 1: back at sixty five k. So there's a lot looking
• 3:25
  Speaker 1: like it's going to continue to move. But I think
• 3:27
  Speaker 1: the thing he hits here is that he still wants
• 3:29
  Speaker 1: to hold on his own direct exposure. I think most
• 3:32
  Speaker 1: of you are probably already on that anyway. Other things
• 3:35
  Speaker 1: I want to hit at Blackrock becomes the top ethereum
• 3:37
  Speaker 1: whale with three point five billion. This is a big
• 3:40
  Speaker 1: deal because that means the clients of Blackrock are now
• 3:43
  Speaker 1: starting to look at ETH. And that is a big
• 3:47
  Speaker 1: deal because what happens here is when you see ethereum
• 3:51
  Speaker 1: start to take center stage, it has such an effect
• 3:54
  Speaker 1: on the rest of the market, not only ETH. If
• 3:56
  Speaker 1: we see ETH make its way back up to forty
• 3:58
  Speaker 1: eight hundred at all time high. What happens after that
• 4:01
  Speaker 1: is where we start to see a lot of impact
• 4:04
  Speaker 1: on the market around it, including the ecosystem around Ethereum
• 4:08
  Speaker 1: by itself, but then the all coins and even beam
• 4:10
  Speaker 1: took so all that is leading in ETH is the trigger.
• 4:14
  Speaker 1: I think that gets the all coin bull run underway.
• 4:17
  Speaker 1: So we're watching that one very closely. Ethereum spot ETFC
• 4:21
  Speaker 1: consistent inflows. We already have been talking about this. The
• 4:24
  Speaker 1: spot might be a precursor to the market moves around ETH,
• 4:28
  Speaker 1: So keep an eye on this one. Much like what
• 4:31
  Speaker 1: we saw when you look at the ETFs and performance
• 4:33
  Speaker 1: all the way back into January to where it is
• 4:35
  Speaker 1: right now, the inflows are dramatic and it became, you know,
• 4:40
  Speaker 1: I became the largest and most successful ETF out there.
• 4:44
  Speaker 1: So could ethereum may have their day in the sun
• 4:47
  Speaker 1: in twenty twenty five. I think a lot of people
• 4:49
  Speaker 1: are looking at that. The other thing that could help
• 4:52
  Speaker 1: this would be Donald Trump maybe making Ethereum a little
• 4:56
  Speaker 1: bit more regulatory friendly. So ETH got sandwich in twenty
• 5:00
  Speaker 1: twenty four between bitcoin Obviously that got a lot of interest,
• 5:04
  Speaker 1: and then Salona kind of gain traction with all of
• 5:06
  Speaker 1: the capacity around it, but also the capacity of what
• 5:10
  Speaker 1: it did in the mean markets. You also look under
• 5:13
  Speaker 1: the new administration that there's a potential here, I think
• 5:16
  Speaker 1: where things could really get pretty fluid on ETH, just
• 5:19
  Speaker 1: with the fact that we could see a lot of
• 5:21
  Speaker 1: positive regulations, so again very beneficial for ETH. And then
• 5:24
  Speaker 1: long term, this article hits on the promising future of tokenization.
• 5:29
  Speaker 1: Only sixty seven thousand in terms of entities only representing
• 5:32
  Speaker 1: aboutzero point zero three outside of stable coins of global assets,
• 5:36
  Speaker 1: so a very very small amount. With Trump's new administration
• 5:39
  Speaker 1: regulations and more favorable tokenizations that are expected, this could
• 5:43
  Speaker 1: balloon into three, maybe even four percent of the total value,
• 5:47
  Speaker 1: and that would be a dramatic shift for the market overall.
• 5:51
  Speaker 1: You look at ETH milestones, this is very similar to
• 5:55
  Speaker 1: what we've seen really around even kind of the Bitcoin event.
• 5:59
  Speaker 1: But you had Denkon upgrade that was in March, really
• 6:02
  Speaker 1: kind of sideways action when this spot was approved versus
• 6:05
  Speaker 1: the US spot ETF's launching which was in July, and
• 6:08
  Speaker 1: then we had that big dip right there. I think
• 6:10
  Speaker 1: this right here was pretty much Bitcoin sucking the wind
• 6:13
  Speaker 1: out of ethereum in general, and then since right there
• 6:17
  Speaker 1: mid November is when things have really started to move
• 6:20
  Speaker 1: around and the ethereum stable coin supply hits its all
• 6:23
  Speaker 1: time high. So this could be the beginning of where
• 6:26
  Speaker 1: eth truly gets back into the mainstream around on all time high.
• 6:31
  Speaker 1: Other things to hit at is just Bitcoin, the holding's
• 6:34
  Speaker 1: largest crypto. Etf I bit and micro Strategy now hit
• 6:37
  Speaker 1: a record almost a million bitcoins. This is a big
• 6:40
  Speaker 1: deal because it's doubled over the last just the last
• 6:43
  Speaker 1: few months, where it was around four hundred and forty
• 6:45
  Speaker 1: four thousand. To me, that is a astronomical growth in
• 6:50
  Speaker 1: a short, very short period of time. So I think
• 6:52
  Speaker 1: the key here to look at is how does this
• 6:55
  Speaker 1: perform into twenty twenty five Because twenty twenty five, a
• 6:58
  Speaker 1: lot of people are going to be looking at a
• 7:00
  Speaker 1: profit taking, a lot of people are going to be
• 7:02
  Speaker 1: looking at tax positions. All of those plays into a
• 7:04
  Speaker 1: very interesting market heading into twenty five. I want to
• 7:07
  Speaker 1: go to a quick clip here is Papoliano talking about
• 7:12
  Speaker 1: even normal people are having a hard time investing in bitcoin.
• 7:16
  Speaker 2: Take a look, you say to people who say it
• 7:18
  Speaker 2: has had a massive run, it's you know, mentally, it's
• 7:22
  Speaker 2: difficult to kind of get on board at these levels,
• 7:24
  Speaker 2: and we know where it's been, and we've also seen
• 7:26
  Speaker 2: that volatility. Somebody very smart told me, well, take two
• 7:29
  Speaker 2: percent and just money that you know you're willing to
• 7:33
  Speaker 2: risk and put it in. I still find that difficult
• 7:35
  Speaker 2: to do.
• 7:36
  Speaker 3: If you go back to the nineteen eighties or nineteen nineties,
• 7:38
  Speaker 3: buying the S and P five hundred was real scary,
• 7:40
  Speaker 3: but you were a genius if you did it in hindsight.
• 7:42
  Speaker 3: And so same thing here with bitcoin is you can
• 7:44
  Speaker 3: look backwards and see how high it rose. But if
• 7:47
  Speaker 3: you look forward and say, well, if this continues, which
• 7:49
  Speaker 3: we have every reason to believe it will, buying today
• 7:52
  Speaker 3: is the second best time to buy, because the first
• 7:53
  Speaker 3: best time was yesterday, And if we keep waiting, it's
• 7:56
  Speaker 3: only going to get worse and worse. And so I
• 7:57
  Speaker 3: do think I hear you. It's hard to pull the trigger,
• 8:01
  Speaker 3: of course, and that's true of all financialast set's right.
• 8:03
  Speaker 3: I mean, think of a real estate market and people
• 8:04
  Speaker 3: will go and they'll say, oh my god, I could
• 8:05
  Speaker 3: have bought five years ago. Now it's at this price.
• 8:08
  Speaker 3: I just can't wrap my head around that. Well, if
• 8:10
  Speaker 3: you wait five more years, the dollar is going to
• 8:12
  Speaker 3: continue to be devalued. And so usually if you decide, hey,
• 8:15
  Speaker 3: I want to own something and go ahead and buy it.
• 8:18
  Speaker 1: I think the volatility is the thing that is really
• 8:20
  Speaker 1: spooking most investors, and because one they're not adjusted to
• 8:24
  Speaker 1: that kind of volatility and crypto. If you guys are
• 8:26
  Speaker 1: watching our show, most likely you're already a little bit nonsensitive,
• 8:31
  Speaker 1: you know, to the volatility of crypto. A twenty percent move,
• 8:33
  Speaker 1: even a thirty percent move in a market over a
• 8:36
  Speaker 1: short period of time doesn't really rattle most hardened crypto investors.
• 8:40
  Speaker 1: I think what is happening yet is bitcoin has not stabilized.
• 8:44
  Speaker 1: And once bitcoin truly does stabilize, because you could have
• 8:47
  Speaker 1: a one oh five to a ninety move in a
• 8:49
  Speaker 1: matter of three weeks, a lot of people would look
• 8:51
  Speaker 1: at that and say I made a bad investment. Many
• 8:53
  Speaker 1: people might look at that and say the ninety K
• 8:56
  Speaker 1: or early ninety two K was another opportunity for me
• 8:59
  Speaker 1: to get in. If I'm looking at a long term
• 9:01
  Speaker 1: and most I think that is the other thing that
• 9:03
  Speaker 1: Pampolano was leading into, and that is what is your
• 9:06
  Speaker 1: time horizon here? If you're a young investor, your time
• 9:09
  Speaker 1: horizons beyond ten years most likely. If you're an older investor,
• 9:12
  Speaker 1: maybe your horizon is ten years and you have to
• 9:15
  Speaker 1: maximize that. So everybody's going to be a little bit different.
• 9:18
  Speaker 1: I think the key here is just understanding where this
• 9:20
  Speaker 1: asset class is going to be going, and I believe
• 9:23
  Speaker 1: that it is pretty much a bullish future. Only thing
• 9:27
  Speaker 1: that really slows this down is going to be some
• 9:28
  Speaker 1: of the macro economies that could hit. Robinhood, of course
• 9:32
  Speaker 1: is pushing out their program because they of course see
• 9:35
  Speaker 1: this as a factor going into the next generation of investors,
• 9:38
  Speaker 1: and what they're rolling out is Robinhood legend and is
• 9:41
  Speaker 1: coming out now for crypto. So that is a big
• 9:43
  Speaker 1: factor here because this will start to open up I
• 9:46
  Speaker 1: think some opportunities, even though they only have I think
• 9:49
  Speaker 1: it was around twenty assets twenty one assets with bitcoin
• 9:52
  Speaker 1: on their platform. Hopefully that will change, but even those
• 9:56
  Speaker 1: twenty one there's a lot of assets in there that
• 9:58
  Speaker 1: would be very tradable right now. So could be a
• 10:00
  Speaker 1: good move for Robinhood to gain more access into crypto markets,
• 10:04
  Speaker 1: especially with the younger investors, and that truly is their demographic.
• 10:09
  Speaker 1: Other things that are happening right now is Kathy Woods
• 10:12
  Speaker 1: this headline. She's calling for tax clarity, she's riding the
• 10:16
  Speaker 1: Trump bump idea, and basically what this boils down to
• 10:20
  Speaker 1: into and we've had a very heated discussion about this
• 10:23
  Speaker 1: in the crypto pit today, but the point is is
• 10:25
  Speaker 1: that her statement is I see them saying, Okay, we're
• 10:29
  Speaker 1: going to get tax cuts is but we'll make them
• 10:30
  Speaker 1: retroactive to January twenty twenty five. So imagine this. If
• 10:33
  Speaker 1: you get a tax cut approved in let's say Q
• 10:36
  Speaker 1: two of twenty five, most of the time those are
• 10:39
  Speaker 1: for the next tax year, so that would be for
• 10:41
  Speaker 1: twenty twenty six. So what she's pushing for is to
• 10:45
  Speaker 1: drive clarity and certainty for the markets is go ahead
• 10:48
  Speaker 1: and give the tax cut, but make it retroactive to
• 10:51
  Speaker 1: the first of the year. So anybody that is going
• 10:54
  Speaker 1: to be selling in twenty twenty five would be able
• 10:57
  Speaker 1: to achieve those tax cuts. So I think that's the here.
• 11:00
  Speaker 1: This is really pressure to sell in twenty twenty five,
• 11:04
  Speaker 1: Meaning is Kathy Wood's exiting bitcoin? Is she exiting ethereum?
• 11:08
  Speaker 1: What's happening there? So that I think is a big
• 11:10
  Speaker 1: factor here. But if they don't, you're going to get
• 11:12
  Speaker 1: companies and individuals holding back. And I'm trying to communicate
• 11:15
  Speaker 1: that's the regular kind of regularly to anyone who will listen.
• 11:18
  Speaker 1: And I think the point being here with what Kathy
• 11:21
  Speaker 1: is trying to say and this, you could look at
• 11:23
  Speaker 1: this two ways. One is people who hold it right
• 11:26
  Speaker 1: now they want the tax cut so they can sell
• 11:29
  Speaker 1: in twenty five. People who are saying I'm setting on
• 11:31
  Speaker 1: the sidelines and I'm thinking about investing in crypto, but
• 11:34
  Speaker 1: if the tax cut comes, I definitely would roll into
• 11:37
  Speaker 1: crypto because I know I'm going to get a gain
• 11:39
  Speaker 1: and I want to be able to, you know, execute
• 11:42
  Speaker 1: that tax cut. Or if you're saying, well, no, I'm
• 11:44
  Speaker 1: gonna if I'm on the sidelines, is I'm going to
• 11:46
  Speaker 1: hold long term this tax cut doesn't really matter. Those
• 11:48
  Speaker 1: are the kind of investors that are playing this out
• 11:50
  Speaker 1: right now. So and she's dealing with a lot of
• 11:52
  Speaker 1: those kind of people. So how are you guys playing this?
• 11:55
  Speaker 1: Is twenty twenty five a sale year for you or
• 11:58
  Speaker 1: are you exiting the market or are you going to
• 12:01
  Speaker 1: look at this maybe a forever upcycle. Let me know
• 12:03
  Speaker 1: in the comments down below. Just give us some of those.
• 12:05
  Speaker 1: I always kind of like to take a little what
• 12:07
  Speaker 1: you guys think. Another thing that's happening right now, Russia
• 12:10
  Speaker 1: says it's using bitcoin to evade sanctions. I think this
• 12:12
  Speaker 1: is necessarily good for bitcoin. It's good in the sense
• 12:15
  Speaker 1: that it shows the use case for digital assets. But
• 12:20
  Speaker 1: I think the key here is is that it's going
• 12:21
  Speaker 1: to put more pressure on bitcoin as an asset, or
• 12:26
  Speaker 1: it will continue to put pressure on other governments around
• 12:29
  Speaker 1: the world to maybe go and follow into Russia's footsteps.
• 12:33
  Speaker 1: And of course that's been happening around break simity more.
• 12:36
  Speaker 1: What this simply means, guys, is we've got an active
• 12:38
  Speaker 1: market right now. Likelihoods we're going to see some pretty
• 12:41
  Speaker 1: interesting things happening in early January. So stick around for
• 12:44
  Speaker 1: all that. If you're not part of the Diamond Circle,
• 12:46
  Speaker 1: get in right now. It's a great place to get
• 12:48
  Speaker 1: additional content. Also, follow me on x at Paul Baron.
• 12:51
  Speaker 1: We'll catch you next time right here on tech Path.
• 13:00
  Speaker 3: Yeah,