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Ethereum Strategy🚨Stablecoin Bill This Week?🔥 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: All eyes are on Ethereum right now. Today will break
• 0:08
  Speaker 1: down a little bit more around the strategy of how
• 0:10
  Speaker 1: to play this out. My name is Paul Bara. Welcome
• 0:11
  Speaker 1: back in a tech path. Let's take a look at
• 0:13
  Speaker 1: a couple of things around this. Of course, before we
• 0:15
  Speaker 1: do that, I want to thank our sponsor and that
• 0:17
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• 0:19
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• 0:22
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• 0:23
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• 0:31
  Speaker 2: So that's the first thing you need to do.
• 0:33
  Speaker 1: If you're brand new to crypto, now's your chance to
• 0:35
  Speaker 1: get started in all of this.
• 0:37
  Speaker 2: Now.
• 0:37
  Speaker 1: There's a lot happening around crypto, as many of you know.
• 0:40
  Speaker 1: If you are brand new by to the channel, by
• 0:43
  Speaker 1: the way, make sure and like them subscribe right now.
• 0:46
  Speaker 1: But the Genius Act is really on the Capitol Hill
• 0:50
  Speaker 1: steps of being passed, and this is getting We are
• 0:53
  Speaker 1: hoping that the Senate is going to pass it this week.
• 0:55
  Speaker 1: If that occurs, that will of course be a very
• 0:58
  Speaker 1: good sign for crypto and digital assets as a whole,
• 1:01
  Speaker 1: and I think as we start to see a lot
• 1:03
  Speaker 1: more coming out of this, there's going to get to
• 1:05
  Speaker 1: be some very interesting points. Now, this is a little
• 1:08
  Speaker 1: bit of an analysis that some of the things to
• 1:10
  Speaker 1: watch for and that is right here. Upcoming you've got
• 1:13
  Speaker 1: the House Financial Services Committee now holding a hearing on
• 1:17
  Speaker 1: American innovation that's going to be happening in future of
• 1:19
  Speaker 1: digital assets.
• 1:20
  Speaker 2: That's June fourth.
• 1:21
  Speaker 1: On the fifth, you're going to have the same committee
• 1:24
  Speaker 1: holding a hearing on the framework for the future also
• 1:26
  Speaker 1: around data privacy and the financial system.
• 1:28
  Speaker 2: And then on the tenth you're going to have.
• 1:30
  Speaker 1: The digital assets related to legislations on markup so basically
• 1:34
  Speaker 1: get a chance to adjust any kind of details. So
• 1:36
  Speaker 1: very early this month, we've got a lot of activity
• 1:40
  Speaker 1: coming into what's going on in blockchain. Further into this
• 1:44
  Speaker 1: potential around the Genius Act is this one and this
• 1:47
  Speaker 1: is one of the things to watch is that the
• 1:50
  Speaker 1: Credit Card Act from Senator Roger Marshall is possibly going
• 1:55
  Speaker 1: to be in play. And it's a controversial, controversial measure
• 1:59
  Speaker 1: that is very opposed by both banks and card networks.
• 2:02
  Speaker 1: And what it basically means is it's going to reduce
• 2:05
  Speaker 1: costs for merchants.
• 2:06
  Speaker 2: That's a huge deal.
• 2:07
  Speaker 1: If you guys don't know what a merchant does. Every
• 2:09
  Speaker 1: time you do a credit card swipe, a merchant is
• 2:12
  Speaker 1: paying a certain percent to their processor, could be MasterCard,
• 2:15
  Speaker 1: American Express, whoever that might be. But Tom Tillis, he
• 2:19
  Speaker 1: is of North Carolina, has already said I'm out if.
• 2:23
  Speaker 2: You support this. So what that.
• 2:24
  Speaker 1: Means is we have some heated situations coming on into
• 2:28
  Speaker 1: the point of where this could cause a little bit
• 2:31
  Speaker 1: of problem.
• 2:32
  Speaker 2: Now, if you look at why this is such.
• 2:34
  Speaker 1: A big deal, credit card competition is a little bit
• 2:36
  Speaker 1: of miss and facts. I want to showcase a couple
• 2:39
  Speaker 1: of points here. Look at this right here. Will merchants
• 2:42
  Speaker 1: share savings with consumers? Yes, right now. If you look
• 2:47
  Speaker 1: at the credit card transactions that took effect in this
• 2:49
  Speaker 1: was back in twenty eleven.
• 2:51
  Speaker 2: This was a big study that was done said.
• 2:53
  Speaker 1: That seventy percent of the at that time estimated eight
• 2:56
  Speaker 1: billion a year in savings was passed on to consumers.
• 2:59
  Speaker 2: And that is the opportunity for what we could see here.
• 3:03
  Speaker 1: Because remember this is in some cases too in its
• 3:05
  Speaker 1: high as three and a half percent of every sale,
• 3:09
  Speaker 1: whether it's online, in person, you name it. A credit
• 3:13
  Speaker 1: card company is getting their piece. This could be a
• 3:16
  Speaker 1: massive role. Now stable coin is very tied to this
• 3:19
  Speaker 1: because the alternative of payment rather than a credit card
• 3:23
  Speaker 1: could be stable coins. This would cause a massive shift
• 3:27
  Speaker 1: in the financial structure of all of this going forward.
• 3:29
  Speaker 1: Why would this affect the market because of the M
• 3:32
  Speaker 1: to money supply.
• 3:33
  Speaker 2: Just look at the M to money supply.
• 3:35
  Speaker 1: This is the kind of money that we're setting right
• 3:37
  Speaker 1: now around twenty one trillion globally, huge liquidity into the market.
• 3:42
  Speaker 1: And of course when liquidity goes into stable coins, typically
• 3:46
  Speaker 1: digital assets are to follow. One thing I want to
• 3:49
  Speaker 1: hit on right here. If you look at stable coins
• 3:50
  Speaker 1: in the market share right now eth of course growing
• 3:53
  Speaker 1: and continuing, But the big ones that I continue to
• 3:56
  Speaker 1: talk about here is what we're starting to see in
• 3:58
  Speaker 1: some of these other markets that are starting to make
• 4:01
  Speaker 1: a move. And that's everything from Solana, Arbitrum, et cetera, Base,
• 4:04
  Speaker 1: even Avalanche, all of those starting to make a move,
• 4:06
  Speaker 1: and for good reason, because the stable coin market right
• 4:09
  Speaker 1: now is starting to set up for a massive influx
• 4:13
  Speaker 1: of new capital coming into the space. One point I
• 4:17
  Speaker 1: want to show you also, and the reason that capital
• 4:19
  Speaker 1: is coming in is just the potential of stable coin yield.
• 4:22
  Speaker 1: And when you start to combine stable coins, there are
• 4:24
  Speaker 1: some DeFi opportunities out there that are creating ridiculous amounts
• 4:29
  Speaker 1: of return. And these are stable coins, guys, stable coins.
• 4:32
  Speaker 1: So this is something that I think a lot of
• 4:34
  Speaker 1: people will start to figure out and it could be
• 4:36
  Speaker 1: a big deal moving forward, because that's going to open
• 4:39
  Speaker 1: up an opportunity.
• 4:40
  Speaker 2: Now.
• 4:40
  Speaker 1: One thing that is happening right now is another hearing,
• 4:42
  Speaker 1: and this hearing is entitled American Innovation in the Future
• 4:45
  Speaker 1: of Digital Assets, and this is a blueprint to a
• 4:48
  Speaker 1: function functional framework. And one thing I want to focus
• 4:51
  Speaker 1: on right here is who's there. This is the founder
• 4:54
  Speaker 1: of Etherealized. And remember that etherealizes the company that essentially
• 4:58
  Speaker 1: project I should think that is actually designed to help
• 5:01
  Speaker 1: promote Ethereum to traditional assets and also institutional capital. Also
• 5:07
  Speaker 1: in this is the defied network for Ethereum, and that
• 5:10
  Speaker 1: is uniswap lapse. All this will be taking place here
• 5:13
  Speaker 1: in the next little bit on June fourth, so be
• 5:16
  Speaker 1: on the lookout for that as well. We could see
• 5:17
  Speaker 1: some things coming out of that staplecoin issuer circle. Of course,
• 5:21
  Speaker 1: taps shape Morgan Chase City ahead of its planned IPO filing.
• 5:25
  Speaker 1: This is happening already. You can actually get this out
• 5:28
  Speaker 1: there available if you look at this tweet right here,
• 5:30
  Speaker 1: the latest IPO access is available for you to invest in.
• 5:34
  Speaker 1: I would pause on this right now on or CrCL,
• 5:38
  Speaker 1: which is the initial filing. It is available over on Robinhood.
• 5:41
  Speaker 1: But I'm more on the potential impact of a lot
• 5:45
  Speaker 1: of the assets that it will start to cause movement in,
• 5:49
  Speaker 1: and that's what we want to keep an eye on.
• 5:51
  Speaker 1: Other things I want you to think about. Here is
• 5:53
  Speaker 1: this statement right here ethereum struggling to convince off guests
• 5:57
  Speaker 1: who JP Morgan to actually dive in. This is an
• 6:01
  Speaker 1: analyst that has been talking about eth not having enough
• 6:05
  Speaker 1: you know, institutional interests, even with Petra having a launch.
• 6:09
  Speaker 1: And that's this guy right here. His name is Nicholas.
• 6:12
  Speaker 1: Don't want to mess with that name, but this is
• 6:14
  Speaker 1: one of the analysts that leads the team around these
• 6:18
  Speaker 1: mixed assessments. You take that into consideration and saying that
• 6:23
  Speaker 1: there's no activity, remember that Petra occurred right here on
• 6:26
  Speaker 1: this little green dot right there. Guys, look at the
• 6:28
  Speaker 1: growth already and it is very early in the market,
• 6:32
  Speaker 1: so he's absolutely already wrong, whether you want to call
• 6:36
  Speaker 1: it a lie or not, just bad information and research
• 6:38
  Speaker 1: coming out of JP Morgan, and you kind of wonder
• 6:40
  Speaker 1: why and if you look at this, JP Morgan right
• 6:44
  Speaker 1: now has already done this before. Remember their dubious bitcoin
• 6:47
  Speaker 1: etf idea that no, this will never work. Well, remember
• 6:50
  Speaker 1: that was January fifteenth of twenty twenty four. Where's the
• 6:54
  Speaker 1: bitcoin etf today? I asked the JP Morgan analyst team, Well, we.
• 6:59
  Speaker 2: Know, let me jump to this tweet right here.
• 7:01
  Speaker 1: This is this kind of says it all, and that is,
• 7:04
  Speaker 1: don't worry about what they're saying, because what this is
• 7:06
  Speaker 1: kind of nothing to say.
• 7:07
  Speaker 2: Over here, listen.
• 7:09
  Speaker 1: And watch what they do. Because JP Morian is holding
• 7:12
  Speaker 1: a large stake in Ethereum and also in the Ethereum Foundation,
• 7:15
  Speaker 1: so all that playing into this understand this is kind
• 7:19
  Speaker 1: of setting up for what could be a huge run
• 7:22
  Speaker 1: on eth. I want to go to this next clip
• 7:24
  Speaker 1: that's going to get into it because this is what
• 7:26
  Speaker 1: Jamie Diamond said today.
• 7:28
  Speaker 3: Take a look what is the impact of the stable
• 7:31
  Speaker 3: coin legislation on the banks on JPM.
• 7:33
  Speaker 4: For sure, we have a JP morgan coin. That stuff
• 7:35
  Speaker 4: is real. We're going to be at the forefront of that,
• 7:37
  Speaker 4: and so it's used internally, we're going to externalize it
• 7:40
  Speaker 4: at one point. My view is we should be in that.
• 7:43
  Speaker 4: The FED may do it itself, you know, to move
• 7:44
  Speaker 4: money internationally. That's all reasonable. It could be a very
• 7:48
  Speaker 4: effective way to move money through the correspondent banking system
• 7:51
  Speaker 4: where everyone in that system we see where the money is,
• 7:53
  Speaker 4: what it's for, where it is all at the same time.
• 7:56
  Speaker 4: So there are there are gonna be some very good
• 7:57
  Speaker 4: uses for blockchain. You spend what twenty billion dollars on technology,
• 8:02
  Speaker 4: You're spending more on technology than NASA.
• 8:05
  Speaker 2: Really, is that not right?
• 8:07
  Speaker 4: I don't know.
• 8:08
  Speaker 1: Well, twenty billion, Jamie would be more than NASA. And
• 8:12
  Speaker 1: what he says is open network and what he means
• 8:15
  Speaker 1: by that. If you look at this tweet right here,
• 8:18
  Speaker 1: this is on ex digital assets. And as we all know,
• 8:21
  Speaker 1: we've talked about this quite a bit on X of course,
• 8:23
  Speaker 1: writing within Layer zero axilar the transition into the Avalanche ecosystem.
• 8:29
  Speaker 1: This means a lot for the potential of where many
• 8:32
  Speaker 1: of these projects are going, all because of stable coins,
• 8:35
  Speaker 1: and of course the Genius Act is going to be
• 8:37
  Speaker 1: the beginning of it. And just look here you can
• 8:40
  Speaker 1: kind of see here's a good example of Jape kinnexas
• 8:43
  Speaker 1: this is when it was kind of rebranded. But these
• 8:45
  Speaker 1: are all the companies and partners Ava Labs right there,
• 8:47
  Speaker 1: Axel or Layir zero. That is our point. They are
• 8:51
  Speaker 1: invested heavily in the infrastructure around Ethereum going forward. One
• 8:56
  Speaker 1: other thing I want to hit on right here, and
• 8:57
  Speaker 1: that is that the Ethereum Fusaka hard for work is
• 9:00
  Speaker 1: set for Q three and four. And remember this is
• 9:02
  Speaker 1: all still in just what's happening right now, because when
• 9:06
  Speaker 1: Pectra occurred, the amount of movement that we saw in
• 9:10
  Speaker 1: ether was pretty significant. It was the last real move
• 9:12
  Speaker 1: in the market. Imagine where this is going to go
• 9:15
  Speaker 1: when Fusak hits now. I want to go to a
• 9:16
  Speaker 1: clip real quick because this will get into how much
• 9:20
  Speaker 1: will Fusaka increase business on ethereums l one.
• 9:24
  Speaker 5: Take a look, so Fusaka forty eight two point four,
• 9:27
  Speaker 5: that's twenty times more capacity. You know, about a year
• 9:30
  Speaker 5: from now or less than a year from now, how
• 9:31
  Speaker 5: much fee revenue can the Ethereum L one earn before
• 9:36
  Speaker 5: roll up fees go above one CeNSE. Well, it turns
• 9:39
  Speaker 5: out that we can have median user fees of about
• 9:42
  Speaker 5: one cent while earning one percent of total either supply
• 9:46
  Speaker 5: per year in blob fees. These are big fucking numbers man,
• 9:49
  Speaker 5: And then you know it's going to double from there.
• 9:52
  Speaker 5: The fact is that Ethereum is going to be selling
• 9:54
  Speaker 5: so much blobs and roll ups are going to grow
• 9:56
  Speaker 5: so fast. Look at world and basis numbers man, These
• 9:58
  Speaker 5: are titans. These are growing to global businesses. You know,
• 10:01
  Speaker 5: one to two to three percent of ether supply paid
• 10:04
  Speaker 5: per year in blog piece. That's either supply. The important
• 10:07
  Speaker 5: thing is our glove's a great business. Fuck yeah, they're
• 10:10
  Speaker 5: a great business.
• 10:11
  Speaker 1: If you think about what Jamie Diamond is doing, he
• 10:14
  Speaker 1: is prepping for a complete shift in the financial system,
• 10:18
  Speaker 1: of which most of this will ride within the Ethereum
• 10:21
  Speaker 1: A one. As we're starting to see technology advances on ETH,
• 10:25
  Speaker 1: this only moves us into.
• 10:27
  Speaker 2: A very accelerated event.
• 10:28
  Speaker 1: Look at this right here, because this gets into how
• 10:30
  Speaker 1: the movement over the last upgrade we saw taking about
• 10:34
  Speaker 1: seven months to saturate. That was the growth in the
• 10:36
  Speaker 1: ability of what ETH was making in terms of upgrades.
• 10:39
  Speaker 1: Now we're talking about what will happen in this next upgrade,
• 10:43
  Speaker 1: which is where we are today essentially right now with
• 10:46
  Speaker 1: Petra before we get into Fusaka. Look at the amount
• 10:49
  Speaker 1: of time that it will take for all of this
• 10:51
  Speaker 1: to start to saturate, causing again this kind of movement.
• 10:55
  Speaker 1: So the point is is this is only up from here,
• 10:57
  Speaker 1: I think for Ethereum and what we'll see in the market.
• 11:00
  Speaker 1: Just to look at balances on exchange. Last time we
• 11:03
  Speaker 1: saw this kind of movement again was this big pump
• 11:06
  Speaker 1: right up into almost three k with ethereum, and again
• 11:10
  Speaker 1: Ethereum is starting to pull off the exchanges. So everybody
• 11:13
  Speaker 1: understands what's about to happen, at least the smart money
• 11:15
  Speaker 1: understands what is going on here. One other thing to
• 11:18
  Speaker 1: take a look at here of just people and the
• 11:20
  Speaker 1: popularity of what you're investing in. This is just which
• 11:22
  Speaker 1: currencies are people planning to buy this year. Of course
• 11:25
  Speaker 1: Bitcoin kind of a no brainer, but right behind it
• 11:28
  Speaker 1: Ethereum at forty three percent. One other thing I want
• 11:31
  Speaker 1: you to take a look at is tether gold. This
• 11:33
  Speaker 1: is something that is starting to shift also because this
• 11:35
  Speaker 1: is laying the groundwork of what we're going to.
• 11:37
  Speaker 2: See around the future.
• 11:38
  Speaker 1: And remember when you think tether gold, you're gonna have
• 11:40
  Speaker 1: to look at a blockchain that's going to be able
• 11:42
  Speaker 1: to handle the tokenized asset. That is why I think
• 11:46
  Speaker 1: we're getting ready to step into the next generation, especially
• 11:48
  Speaker 1: around gold. Now this is something that Peter Shift was
• 11:52
  Speaker 1: talking about on bitcoin versus gold tokenized.
• 11:56
  Speaker 2: Take a look.
• 11:57
  Speaker 6: If you look at the peak from twenty twenty one,
• 12:00
  Speaker 6: bitcoin is ten percent lower pricing gold than it was
• 12:03
  Speaker 6: that despite all the ETFs and all the bitcoins treasury companies.
• 12:08
  Speaker 6: You know, you look look at micro strategy, his average
• 12:11
  Speaker 6: cost of bitcoin is seventy thousand, you know, whereas he
• 12:13
  Speaker 6: could have bought gold instead of bitcoin, his unrealized games
• 12:17
  Speaker 6: would be relatively the same, but he could get out
• 12:20
  Speaker 6: without moving the market. He's stuck. In fact, he has
• 12:23
  Speaker 6: to buy every week to keep the market propped up.
• 12:25
  Speaker 6: Do you have a medium of exchange?
• 12:27
  Speaker 5: I mean, that's the value, right, it's a decentralized way
• 12:30
  Speaker 5: for us to pay each other.
• 12:32
  Speaker 6: Then he needs to be the proof of work in
• 12:34
  Speaker 6: order for that too. What he uses for bitcoin really
• 12:37
  Speaker 6: as a mean of exchange because it's no good, it's slow,
• 12:39
  Speaker 6: and it started in America and Europe in and has
• 12:42
  Speaker 6: some small but even narration it's too expensive to use.
• 12:46
  Speaker 6: And what people can do in these poor countries. If
• 12:48
  Speaker 6: I tokenize gold and put it on the blockchain, people
• 12:52
  Speaker 6: in poor countries can buy it and use it. They
• 12:54
  Speaker 6: can actually make micro purchases that are prohibitively expensive to
• 12:59
  Speaker 6: make with bigcoin.
• 13:00
  Speaker 7: Yeah, yeah, fair.
• 13:01
  Speaker 1: Enough, tokenized gold will happen, and we are going to
• 13:05
  Speaker 1: see that become a thing, because that's the only way
• 13:08
  Speaker 1: that gold will be able to truly become a digital asset.
• 13:11
  Speaker 1: If you look at the market of where bitcoin is today,
• 13:14
  Speaker 1: remember this is still even though it's one of the
• 13:16
  Speaker 1: it is the.
• 13:16
  Speaker 2: Biggest digital asset.
• 13:18
  Speaker 1: The reality is is that we have not seen the
• 13:20
  Speaker 1: market truly uptake on it. So it's possible the sailor
• 13:24
  Speaker 1: could be trying to prop up the market, but in
• 13:27
  Speaker 1: reality he might just being able to be there trying
• 13:30
  Speaker 1: to sustain the market until the major asset classes come in,
• 13:34
  Speaker 1: meaning major institutional capital, private family offices, along with private capital,
• 13:39
  Speaker 1: as well as high networth individuals, all of which have
• 13:42
  Speaker 1: been held out of the market primarily because of regulation.
• 13:46
  Speaker 1: So I think it wins on both sides. Both an
• 13:49
  Speaker 1: agreement with Peter schiff that tokeni's gold is going to occur,
• 13:52
  Speaker 1: but also that really it's very early in the bitcoin
• 13:55
  Speaker 1: life cycle, so I think that's what he's missing right there.
• 13:58
  Speaker 1: One other thing I want to take a look at here,
• 13:59
  Speaker 1: this of course, is Joseph Lubin. He's talking about strategic bet.
• 14:03
  Speaker 1: That's a kind of interesting statement on ETH. And what
• 14:06
  Speaker 1: he really is talking about is what we've talked about
• 14:09
  Speaker 1: over the last couple of weeks, and that is maybe
• 14:11
  Speaker 1: the micro strategy of ETH actually coming into play. And
• 14:15
  Speaker 1: if you guys haven't seen that, I want to play
• 14:18
  Speaker 1: a clip for you.
• 14:18
  Speaker 2: Take a look.
• 14:19
  Speaker 7: George tell Us, senior markets correspondent for the Schwab Network.
• 14:23
  Speaker 7: And George, we're talking Sharp Link Gaming as be T.
• 14:27
  Speaker 7: That is a stock.
• 14:28
  Speaker 3: Ticker because maybe the you know, the acronym as BED
• 14:31
  Speaker 3: has some something to do with it. There's also an ethereum,
• 14:35
  Speaker 3: you know, tangent here as well. Start Leave Gaming is
• 14:37
  Speaker 3: essentially ay to help manage sports books and technology for
• 14:41
  Speaker 3: small in regional and state local casinos. Losses per share,
• 14:46
  Speaker 3: we're out three point three million, so this company is
• 14:48
  Speaker 3: far from profitable. Joseph Lubin, who was now going to
• 14:52
  Speaker 3: be a board of director on Shark Linc. And he
• 14:55
  Speaker 3: is probably part of this in major capacity, was a
• 14:58
  Speaker 3: co founder of Ethereum. But that's what the market is
• 15:00
  Speaker 3: latched onto today and that's why we saw a huge run.
• 15:02
  Speaker 5: Up to the eyes.
• 15:03
  Speaker 7: And you can see the excitement here using those free
• 15:06
  Speaker 7: cash assets not to be stored in US treasuries or
• 15:10
  Speaker 7: in US dollars, but in Ethereum obviously also a heavily
• 15:14
  Speaker 7: shortened name too. That saw a tremendous unraveling on that front.
• 15:18
  Speaker 1: Two and look at the shorts. These are the shorts
• 15:20
  Speaker 1: weight in right there. This is insignificant. This has been
• 15:24
  Speaker 1: happening over just the last few days, so that in
• 15:28
  Speaker 1: itself may be setting up an opportunity to maybe go
• 15:31
  Speaker 1: back in on this. When you take a look at that,
• 15:33
  Speaker 1: I want to go over and just show you a
• 15:35
  Speaker 1: little bit. This of course was sharpeningk Gamings intends to
• 15:38
  Speaker 1: purchase the one billion worth of ETH for its treasury.
• 15:41
  Speaker 1: That's another big push in the right direction. And if
• 15:45
  Speaker 1: they do become a continuation of adding more treasury in ETH,
• 15:50
  Speaker 1: this could become the strategy for Ethereum. We'll take a
• 15:54
  Speaker 1: look at the chart real quick. This is the four
• 15:56
  Speaker 1: hour just to give you guys a little bit of
• 15:58
  Speaker 1: a run on this. Take a look at where this
• 16:00
  Speaker 1: thing came from back here on the twenty seventh of
• 16:03
  Speaker 1: May to its high right there before it did the
• 16:06
  Speaker 1: reserve reverse that was one thousand percent. Of course, a
• 16:09
  Speaker 1: lot of guys got shorted and a lot of guys
• 16:11
  Speaker 1: got wrecked on that because thinking it was not going
• 16:13
  Speaker 1: to go for sharplying gaming right now, the adjustment down
• 16:16
  Speaker 1: and we're seeing a little bit of a candle develop
• 16:19
  Speaker 1: right now around fifty bucks.
• 16:20
  Speaker 2: So this may be another entry point. Take a look
• 16:22
  Speaker 2: at it.
• 16:23
  Speaker 1: See what you guys think could be the new ETH
• 16:24
  Speaker 1: play or the new micro strategy play for Ethereum. Let's
• 16:28
  Speaker 1: go to another clip real quick, because this is Mike
• 16:30
  Speaker 1: Novogratz talking about why ETH is so important.
• 16:33
  Speaker 2: Take a look.
• 16:34
  Speaker 8: That's my question to you, Mike, is when are you
• 16:36
  Speaker 8: going to tokenize Galaxy assets on Ethereum.
• 16:40
  Speaker 2: As sure as we can.
• 16:42
  Speaker 8: We are working with the SEC right now to be fair,
• 16:45
  Speaker 8: potentially tokenizing Galaxy stock in the near future. I think
• 16:49
  Speaker 8: that's going to be the excitement of the second half
• 16:51
  Speaker 8: of the year, all right, So I.
• 16:52
  Speaker 1: Agree with Mike on that, and that is you can't
• 16:54
  Speaker 1: be bullish enough. He is looking at tokenized assets probably
• 16:58
  Speaker 1: being the big story toward the end the second half
• 17:00
  Speaker 1: of the year, and I totally agree with that. If
• 17:03
  Speaker 1: you're not into really believing what ethereum could do, this
• 17:07
  Speaker 1: is why. Because if you can kind of compare ethereum
• 17:09
  Speaker 1: to where it is right now, where bitcoin is right now,
• 17:12
  Speaker 1: where gold is right now, where almost any other asset
• 17:14
  Speaker 1: is right now, are you anywhere near a two to
• 17:18
  Speaker 1: three or possibly a four x. Those are the kind
• 17:21
  Speaker 1: of numbers that we could be seeing with Ethereum in
• 17:24
  Speaker 1: a very short time. So be on the lookout, guys.
• 17:26
  Speaker 1: A lot going on right in the market right now.
• 17:29
  Speaker 1: If you're not in the Diamond circle, get in. It's
• 17:31
  Speaker 1: the best place to get additional content from us. If
• 17:33
  Speaker 1: you're not in our telegram group, you can actually chat
• 17:35
  Speaker 1: with me personally over in the telegram group.
• 17:38
  Speaker 2: We leave a link down below.
• 17:39
  Speaker 1: Follow me out there on x at Paul Barrett. We'll
• 17:41
  Speaker 1: catch you next time right here on Techpath