Latest / The Paul Barron Crypto Show / Trump vs Biden Debate🔥Will Crypto Be Mentioned

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Trump vs Biden Debate🔥Will Crypto Be Mentioned · The Paul Barron Crypto Show

• 0:07
  Sorry about the delay there. Today, guys on the live stream, we
• 0:10
  are doing some things here on the crypto pit in terms of research around what's
• 0:13
  going to happen in the debate tonight, and of course that is mister Trump
• 0:17
  and of course mister Biden going head to head for the first presidential debate.
• 0:21
  We'll break it all down for you. My name is Paul Barrel. Welcome
• 0:23
  back into tech Path. I do want to thank our sponsor today. That's
• 0:26
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• 0:30
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  in crypto just by signing up getting involved in that. So check it out.
• 0:47
  I think it'll be a good program for you if your specially if you're
• 0:50
  brand new to the show, don't forget subscribe right now. We'll get into
• 0:53
  your feed. Let's go into a few of the points. Obviously, the
• 0:57
  crypto or excuse me, I should say at the crypto debate is happening tonight,
• 1:00
  but the presidential debate is happening to night. For us, it's a
• 1:03
  crypto debate. Four issues are likely to define the Trump Biden debate. The
• 1:08
  biggest one is really getting into the scenario of both innovation and also the economy.
• 1:15
  Some of the things that are happening, though, is going to look
• 1:19
  at, I think, dictating what the next few months will really translate to
• 1:23
  in terms of how the markets perform. Also the anticipation of not only voters,
• 1:30
  but businesses, businesses who hire people, who start new innovations, start
• 1:36
  new sectors. All of that I think is going to be driven by what
• 1:38
  happens tonight. A couple of points here. Americans have maintained very negative views
• 1:44
  about the economy and even conflate rising prices with inflation. Biden has outlined a
• 1:49
  plan to increase taxes on the wealthy and large corps and restore the child tax
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  credit, which expired in twenty twenty two, and Trump is vowed to extend
• 1:59
  the signature tax which are set to expire this year. But he's also discussed
• 2:01
  about furthering corporate tax rate cuts from the twenty one percent which was thirty five
• 2:07
  percent before is twenty seventeen tax bill, so mainly taxes and economic I think
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  where it boils down to for both President Trump and President Biden is their stance.
• 2:19
  Really. I think that we'll fall into innovation, and that is how
• 2:23
  does the United States? How does America stay in front of the rest of
• 2:27
  the world. If Trump is smart, he's going to go down that path.
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  If Biden is good for defense, he's going to claim victory on some
• 2:35
  of the things he's done to create innovation and also foster maybe even his claim
• 2:43
  of innovation in crypto. So there's still a lot happening, for sure.
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  Make sure and drop some questions asnarrasie. We might try to get some of
• 2:51
  those today. I will try to take a look at the charts a little
• 2:53
  bit before we get going here. I wanted to go over to a clip
• 2:58
  about CNN and the rules because this debate is a little different. Take a
• 3:01
  look what they say, well Anderson. One of the biggest changes. I
• 3:06
  think the view wordt home will see is no audience will be a part of
• 3:09
  this debate. It will be the two candidates and the two moderators in the
• 3:13
  room. There Kristin. You heard mention that the microphones will be turned on
• 3:17
  for the designated speaker at the time they are designated to speak in the debate.
• 3:23
  His opponent's microphone will be turned off at that time. Timing lights are
• 3:28
  visible to the candidates throughout the debate, so they'll know when their time is
• 3:34
  running out. And the two candidate podiums are eight feet apart from each other.
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  Obviously, that's a lot closer than these two candidates were to each other
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  on the debate stage compared to four years ago when we were in the height
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  of COVID. You know, CNN's format that both campaigns agreed to in order
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  to participate in the debate was that there would be a big macro topic and
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  Candidate A will get a question on that topic. They will have two minutes
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  to answer that questiones then there will be one minute response from candidate B,
• 4:02
  if you will, and another one minute response from Candidate A, And then
• 4:08
  it flips the other way, staying within the broad topic area, but a
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  different slice of a question related to that topic. Candidate B will get two
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  minutes at that starter question. Canada gets a minute to respond, Candidate B
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  gets a minute to respond. Of course, Jake and Dana at moderator Discretion
• 4:24
  can ask a one minute follow up Anderson. I would note also though these
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  candidates, once they hit the debate stage, there is no staff, no
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  aids. They can't communicate with their team until after the debate has concluded.
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  That I think is going to be the challenge for Biden of being able to
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  not get you know, an im in their monitor, you know, on
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  kind of what's coming up next. But it'll be interesting because you know,
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  my position is I think they will mention something about crypto or block or bitcoin
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  in general. I'd love to get your face back on that. We'll show
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  some polls on that. They also talked a little bit about sentiment around the
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  wages and income. This is another big factor. Let me play that clip
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  for you, so you know wages, real wages are still down from when
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  weekly wages are still down from when Joe Biden took office. You know that,
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  right. But we do know Joe is that there's more jobs created and
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  continue and we just talked about you'd rather have jobs from a pandemic. You
• 5:29
  can't credit those as creating new jobs, but just acknowledge that real wages are
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  still down since Biden took office, which means watching it. I love watching
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  you tripping over yourself just a moment ago. In terms of defending then Trump
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  and his spending and blowing out the federal deficit, you can't have it both
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  ways. I think that the point is, though, Joe, that the
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  numbers show that wage growth has not kept up with the pace of inflation.
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  And so Americans, you can you can present any other you know, support
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  the facts that you want about the economy, but that's what Americans feels.
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  They don't feel good about where they are. So I think the question is
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  how does President Biden address that. Yeah, so this gets into the perception
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  versus reality of how some of the things are happening out there. And I
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  think the consumer, average, everyday American, they're feeling a lot more.
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  They look at this as a direct hit on not only their own financial situation,
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  but I think also on the outlook for families. So that's the bigger
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  part of the narrative here. And if you look at the KBC letter,
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  I'll kind of zoom in on this. There's a couple of things that they
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  kind of hit on here. Never worse time to buy a home in US
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  an income to buy a medium value home now one hundred and fifteen k.
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  Comparison, the median income previously is seventy five thousand, a whopping forty thousand
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  dollars less than what we've seen. So that along with with I think just
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  originally what we saw all the way back to the two thousand and eight crisis
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  around the housing boom at that time. Remember back at that era, that
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  was two thousand and eight, not that long ago. At that time the
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  gap was only fifteen thousand. So there's some big factors here, I think
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  in home affordability, and that is one of the critical components for American consumers
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  and also American voters going forward. So there are some keys that are going
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  to be needed to hear for victory. This clip ka kind of outlines a
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  couple of those things that I think you guys will be interested and take a
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  look. It doesn't even seem like a debate. How's that going to work?
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  Where MIC's are cut off, no audience. It's almost like someone gets
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  asked a question, they get to finish it, and then the next guy
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  gets asked a question and maybe he can respond to the previous one. How
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  do you see it playing out well. The mics are actually close enough and
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  where they're standing that even if you cut off a microphone, you'll still be
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  able to hear President Trump if he disagrees Joe Biden vice versa. You have
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  to have three unassailable successes. They both are president. You compare inflation,
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  that's Donald Trump's success. You compare investment in chips and technology, that's Joe
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  Biden's success. Next to the three key priorities, nothing matters more than affordability.
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  Which candidate is going to make your day to day life more livable?
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  Healthcare, housing, food, fuel, That's number one. The second issue
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  immigration, who's going to fix the border? And by the way, that's
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  another clear advantage for Donald Trump over Joe Biden is the border situation. Now
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  for Biden, he's going to talk about women's health, He's going to talk
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  about the abortion issue. But in the end, you focus on three key
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  priorities for the future. So this will be an interesting debate tonight because he
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  is right the alignment and also the format itself may not necessarily pose to a
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  very exciting debate. It also may highlight the strengths of Trump versus Biden in
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  terms of kind of almost a focus on this because you're not going to see
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  the interaction between interruptions, et cetera, and as well as the audience response
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  to a lot of these kind of things. So this is a big test
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  for CNN. We'll see how it goes. It's going to happen at nine
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  o'clock to night Eastern times, so you guys on the West coast, you
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  guys get off and be able to go and hopefully get a little happy hour
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  before then Bloomberg goes in and they say, hey, listen, this is
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  going to really boil down to where the money is coming from. So take
• 9:33
  a look at what they had to say about it months out from the election,
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  and this is well within the margin of error, but it actually shows
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  Biden leading Trump by two points. That's a three point improvement since the last
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  time Fox did this poll last month. Soleia, how many polls will it
• 9:48
  take to establish a pattern? I don't know. I mean, I guess
• 9:52
  you could look at the polls. You could also follow the money. Sure,
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  we are seeing that Trump is pulling ahead of Biden under in terms of
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  campaign financing and raising money, undercutting some the key advantage that Biden has had
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  up until now, which is money. Trump has been ahead in the polls,
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  Biden's been ahead in raising money, but that's starting to shift. Yeah,
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  And I think this thing here right now that we're dealing with in terms
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  of Trump's action is as he starts to reveal a lot of his stances on
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  policy, I think the acceleration is probably going to be more toward Biden or
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  excuse me, more toward Trump in reference to raising money through the summer and
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  into the campaigning month. So that's where Biden, I feel like, has
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  a little bit of a struggle here. The other thing is is who is
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  Trump going to select as his VP. Here's Bitcoin Magazine they were talking about
• 10:43
  Vivek being the potential rumored as the VP choice. I'd love to get you
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  guys's thoughts, you know, always and by the way, drop a vote
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  on the poll as well. But Vivek has been very pro bitcoin, pro
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  crypto in general. But I think he's pro technology. That's really what it
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  boils down to. He doesn't want the United States to fall behind, and
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  that's one of the things that has been happening. So that's a big factor
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  out there for sure. Another thing to consider is whether or not people think
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  that crypto or bitcoin will be mentioned during this debate. I happen to think
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  that it will be, even though some of our guys think that might not
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  be. But and that's because you know there is and I think you know
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  you guys are understand that we're in quite a bit of a bubble. This
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  is a we're in a front running group, if you want to call it
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  that, of what's happening in crypto because so many people have yet to join.
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  But right now forty eight percent believe that it's going to happen in terms
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  of crypto bitcoin being mentioned in the in the debate itself, that I think
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  in itself would be very very beneficial for not only this technology, but I
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  also think that this would send a notice to the rest of the world that
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  maybe the United States is setting up for actually building something around a regulatory framework
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  and an administration that could be friendly to this. So this will be a
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  very reverber rating statement if one of the candidates does go in this direction,
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  positive or negative, because I think this will be a factor. My pull
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  out on X last night was pretty simple. Who was going to get it?
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  Your thoughts Trump is going to be seventy eight percent right now that of
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  course we'll see, but still eighteen percent still said no, Biden wasn't even
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  in the race here in terms of the potential. Other things that play into
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  this, I think are the sentiment of the tech elite and if you guys,
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  you know, you probably watch the all in podcasts. Some of the
• 12:37
  times I don't think these guys necessarily get it right, but hey, they
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  you know, the good thing is they get some good draws, and they
• 12:43
  got Trump on a podcast went through and grilled. I was surprised that he
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  came and very surprised, but they did kind of reveal some things which I
• 12:52
  thought was interesting. And one of the biggest things is the fact that in
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  twenty sixteen Trump was pretty much out of the Silicon Valley potential in terms of
• 13:03
  support. Now even if you look at twenty twenties, also same kind of
• 13:07
  scenario, but a very big pivot here into Silicon Valley, meaning that we're
• 13:13
  seeing a lot more Silicon Valley support, which means a lot of money coming
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  in. Wigl Voss I think came on at like one point seven million.
• 13:22
  That I think is just beginning. We're going to see so much more support
• 13:26
  going forward coming in for this, and I think there's a lot of backlash
• 13:31
  coming in on this notable venture capitalist. This is of course, with David
• 13:33
  Sachs, Jamath Paliat Hapatia. They hosted a twelve millionail front razor for the
• 13:39
  president. He also highlighted how his policies would benefit Silicon Valley technology in general,
• 13:46
  including expanding access for visas on high skilled workers. This was an interesting
• 13:52
  statement that I thought was very key here, and that was that giving a
• 13:56
  residency or I should say, a citizenship to any foreign grad basically if you
• 14:03
  go to a college and you graduate, that would be a great attribution to
• 14:07
  society. And Trump's talking about making those people's citizens and that would be a
• 14:11
  huge pump in the right direction because there's so many I mean, we've even
• 14:15
  run into this with our own developers as people who have come to school here
• 14:18
  in the United States and then could not stay had to move back home.
• 14:22
  So that I think is a big factor too. That will maybe get mentioned
• 14:26
  tonight because that'll be very pro innovation for sure. All Right, So just
• 14:31
  as a note, for sure, Solana is launching, or should say van
• 14:37
  X launching, is launching a soul ETF this week. We've got a video
• 14:41
  coming out on this, so we'll be hanging around the channel. Will drop
• 14:43
  that today for you. This is big news for Solana, and I think
• 14:46
  the interesting thing that is playing out right now is how Wall Street and SEC.
• 14:52
  The SEC are in a bit of a chess match right now in terms
• 14:58
  of how these ETFs are going to start rolling out. So a lot of
• 15:01
  good news I think still for the future of work, blockchain technology, crypto,
• 15:07
  bitcoin and all of that is really going other things that we'll get to.
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  I want to go to the poll real quick and then we'll try to
• 15:13
  answer a few questions get in. I want to kind of get guys feedback.
• 15:16
  So will Trump or Biden ever mentioned crypto in tonight's debate? So you
• 15:20
  guys were even higher at eighty two percent. Wow, you're that in on
• 15:24
  it. Now. You have to remember, okay, that this is a
• 15:28
  crypto channel, kind of a technology channel, So everybody that's watching here,
• 15:33
  you know, take that with a grain of salt. I don't know if
• 15:35
  it's that high, but that would be fantastic if we do get a mention
• 15:39
  from that. A couple of questions come coming in her statements crypto places,
• 15:43
  even if they don't ask the question. Trump may bring it up, guaranteed.
• 15:46
  I think he'll feather it into the economic framework and innovation. If he
• 15:54
  does mention it, I think he brings it in as the America is lagging
• 15:58
  and it's you know, it's Biden's fault that not leading, and he'll use
• 16:02
  hopefully if he's got enough on the ball around what's happening in the EU with
• 16:06
  Mika. If he even brings that up, you're gonna see a huge I
• 16:10
  think you'll see a lot of people starting to look at this in a different
• 16:14
  limeline. Fifty seven K incoming? Is that right? Are we looking at
• 16:17
  the charts right now? No way? Yeah? All right, So why
• 16:21
  are you thinking that? There? Eric, We'll see Eric Vee says Genzler
• 16:25
  will be remembered as being the YEP, one of those for losing the bidens
• 16:30
  as the election. I would agree with that. RFK juniors some boats on
• 16:33
  all things. Listen, RFK is he's a formidable candidate, you know.
• 16:38
  And it's a tough one because obviously, you know, I think the situation
• 16:42
  is this is a two party country. Really if you look at it,
• 16:45
  whether you like it or not Trump. Trump did contribute to the deficit,
• 16:49
  yes, of course. Actually his contribution to the deficit was greater than that
• 16:55
  of Biden. I think he contributed eight trillion, Biden around seven point three
• 17:00
  or two something like that. Granted Trump went into you know, having to
• 17:06
  restructure and really had to shut the economy down during is so the timing there,
• 17:11
  But everything that happened post didn't mean that we needed to continue that spending.
• 17:15
  So that's a big one as well, Murray says. Murray Eddie says,
• 17:18
  this is a debate for or just to screw you or screw you conversation.
• 17:22
  Yeah, there will be a lot of that. I hope that Trump
• 17:25
  doesn't go, you know into I think it's I hope he talks more policy
• 17:30
  because that's that really is the win. No way, no way. CN
• 17:34
  is not gonna ask about crypto, of course not I don't think they.
• 17:37
  But they'll ask about the economy and what would put the America first. Again
• 17:41
  unless they're specifically asking about crypto, you don't think so neither of these candidates
• 17:48
  have a clue about crypto. I would agree with that, but I think
• 17:51
  Trump has a clue about innovation, and he's you know, he's very pro
• 17:56
  business, so that would be the other thing. Get out her bow,
• 17:59
  people, I'm super proud to be here with you, but we're front running
• 18:02
  the population. That is a good one, Tim, I would agree with
• 18:04
  that one hundred percent. If you're here on this channel, you're here because
• 18:08
  you understand how this is about to change the world. I think it's also
• 18:12
  going to change the United States in terms of how mainstream media and also mainstream
• 18:18
  investors start to figure out that crypto is really kind of the next evolution of
• 18:22
  financial wealth. So there's a lot happening in the in the Yeah, well
• 18:27
  that's a good one. Pument. Certain candidates won't want fifty million of votes.
• 18:32
  Yeah, for sure, there's fifty million. That's right. You know,
• 18:34
  on our site, if you go over to our website, you can
• 18:37
  actually get into our yeah, our political tracker, and this is a tracker
• 18:44
  where we track the sentiment of the candidates. And I'll zoom in on this
• 18:48
  for you guys. Biden has actually been climbing and still climbing up in terms
• 18:53
  of general sentiment. Trumps slightly moving RFK down and then a little bit of
• 19:00
  up. But Biden has been climbing really since all the way back in June
• 19:04
  in terms of positive crypto sentiment. That's kind of interesting, even though he
• 19:08
  still well below Trump. Who else do we have? King Peasant says,
• 19:14
  who orange piled the Orangemith? Yeah, of course it was Vivacant. Yeah,
• 19:18
  I think viveacant him. At some point they finally got into a room
• 19:22
  and either a vake you know, faned is you know what? Or Trump
• 19:27
  understood Vivek's position and he may be educating him a little bit. We'll see
• 19:33
  what if they mention XR P never. I don't think they know what it
• 19:37
  is, you know, so I think it's very broad. You'll get a
• 19:41
  broad statement. So for sure, anyone living in Massachusetts, Yes, we
• 19:45
  should put that up. Vote John Deaton. Yes, he's going head to
• 19:48
  head with Senator Warren. This is a possibility mister Deaton could take that race.
• 19:53
  As we've seen, you know, in some of the races already where
• 19:56
  we've seen incumbents start to fall. That'll be a factor going forward. And
• 20:00
  I think there's a lot of support here for John Deeton and his race.
• 20:04
  So go out and support John Deeton out there. Six trillion for Nvidia coming
• 20:11
  soon. Crypto is lagging. I would say that is true if you look
• 20:14
  at the charts, though, even though Bitcoin has been down, we're starting
• 20:18
  to see some movement now here on Solana of course, on the news up
• 20:22
  quite a bit over the last four days. Avalanche also starting to move on.
• 20:26
  I think just the general news of probably the Salana ETF and if you
• 20:30
  look at just ethereum continuing to come off the base there at around thirty three
• 20:36
  thirty two hundred, So there's a lot happening. Who do you want to
• 20:40
  be the VP of Trump? I have a couple of choices. I don't
• 20:42
  think I would be I don't think i'd be upset at Vive if he was
• 20:48
  a Trump VP, but I would look at more maybe Telsea Gabbert, you
• 20:52
  know, even though I just don't know if she has the position, but
• 20:56
  I think you need the female vote. She's a veteran. You know,
• 20:59
  there's some there's some benefits there, but hey, listen, it's you know
• 21:03
  who knows. We could see well could also see a very unusual selection as
• 21:08
  well. Remember when he selected Pence very outside the realm. I don't know
• 21:14
  that he necessarily wants an insider, but he needs someone that's political that understands
• 21:18
  a little bit, even though you know he understands now, he's got it.
• 21:21
  I think he figured that out. But hey, listen, guys,
• 21:23
  you're still dealing with a president that has got a lot of challenges, you
• 21:30
  know, So let's just deal with that in the next presidency, whoever wins.
• 21:33
  So anyway, watch the debate tonight. Let me know your thoughts in
• 21:37
  the comments. I always love to get your feedback. If you're not in
• 21:38
  our Diamond Circle, make sure and get in on that. It's where we
• 21:41
  do additional content. We do all sorts of additional give back to our community,
• 21:47
  so make sure enjoin that. If you're not following me on X,
• 21:49
  do that as well. It's just at Paul Baron. We'll catch you next
• 21:52
  time right here on tech Bath