Latest / The Paul Barron Crypto Show / Ethereum ETF Approved $6,600 Incoming!
Transcript
- 0:08All right, here we go today. Of course, the market's getting a
- 0:10little bit heated from the news on the ethereum potential ETF, which might be
- 0:16actual. We'll break it all down for you guys. We're gonna have some
- 0:19clips, give you some insights. Also take a load at some charts.
- 0:22You're gonna love it. My name is Paul Barren. Welcome back in a
- 0:24tech path. If you're brand new to the channel and maybe you haven't subscribed
- 0:27right now or you've hit that little bell, do that now, because when
- 0:31we do these livestreams, you get notification and a lot of times it's gonna
- 0:35be right at the time in which you need to be aware of what's happening
- 0:37in the Market's also what's happening in some of these projects. So do that
- 0:41first. I do want to thank our sponsor in that as I trust Capital.
- 0:44If you guys are looking at long term holding, you want to do
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- 0:49there now, and you can put that in there, then go buy some
- 0:52ETF ethereum. But anyway, it's a great pop partner for the Channel and
- 0:57a great place to of course get involved in a Cryptoirah, just check them
- 1:00out right there. You can go to irustcapital dot com use our link and
- 1:04you get one hundred dollars funding reward. Kind of get you started. All
- 1:08right, let's get into a couple of points. I do want to let
- 1:11you guys know, we just dropped a video that is this one right here,
- 1:15so it's gonna probably get covered up with this live stream. What I
- 1:18would do is go watch this. It is a great video on what is
- 1:22happening right now on the House floor around the debate of the FIT twenty one
- 1:27bill. So watch it. It'll be ready. We're going to do a
- 1:30full breakdown of the FIT vote, probably coming in later tonight if it actually
- 1:34comes through, we'll see watch our Twitter stream will probably drop something over on
- 1:40X. All right, so we're going to get into a couple of things.
- 1:44Make sure and fill the poll out over there and drop some questions.
- 1:47We'll try to get into some of that today. Kobeec of course dropping some
- 1:51interesting comparisons here. Breaking fifty six percent of Americans currently believe we're in a
- 1:56recession. This is a Harris poll, and five percent of Americans believe the
- 2:00economy is shrinking and forty nine percent believe the S and P is five hundred
- 2:05is down for the year. So there is clearly a difference between normal people
- 2:10and investors that have been following this overheated market for really the last six months.
- 2:16We've hit what I think now count might be an up to twenty four
- 2:20all time highs on the S and P five hundred. A couple other extension
- 2:23points in that they put on this tweet just about all the economic data suggests
- 2:27that the economy is strong. Not only does it suggest the economy is strong,
- 2:30it suggests that historically strong as well. So all this still a little
- 2:36bit cautious for me because I always worry about the job numbers and whether or
- 2:40not and how the situation rolls out here. With of course, share Pale,
- 2:45we saw their FED meeting, not the FMC, but they're kind of
- 2:47their little powwow that they do, and pretty much the same kind of you
- 2:53know, status, everything's going to wait and see what happens with the economy,
- 2:58what happens with inflation. If we continue to see a little bit of
- 3:00slow down there, all that still pretty much in play. So with that
- 3:06being happening, with that happening, we still have all of this regulatory scenarios
- 3:09that are playing out, and you've got an ETHTF which looks like it's most
- 3:15likely going to go through. In fact, you've got some other good market
- 3:17indicators right here. One of course, is tether prints another billion. This
- 3:23is crazy, man. This just shows you the amount of liquidity options that
- 3:28are coming. I think we even have a tweet right here on Yeah,
- 3:30on ted talks macro liquidity continues to flow into the crypto market. We're probably
- 3:35going to see this continue to fly, especially as we see these good signs
- 3:39coming in, whether from it's a regulatory environment or possibly an ETF getting passed.
- 3:45This tweet right here says that this is an interesting statement right here,
- 3:50and I think this is on the poll today just in seven hundred and twenty
- 3:53five billion dollar asset manager Bernstein says ETH wory sixty six hundred after a spot
- 3:59at the ETF approval. That would be a significant move about eighty percent from
- 4:03where ETH is today. Obviously, this all comes together possibly by Friday.
- 4:10There are some very significant things though, that are happening. The biggest right
- 4:15here is this, and that is ethereum ETF confirmed question mark. Of course,
- 4:19van x spot ether ETF is listed by the DTCC. Remember when this
- 4:25happened with the Bitcoin ETF. Guys, everybody kind of said, well,
- 4:28it's starting to go out on the DTCC. I know that Minnie analysts say,
- 4:32hey, this is the process. They're getting ready, those kind of
- 4:34things happening. It looks though that we are going to see this actually come
- 4:40through and over the line. Now there's another point right here that Blackrock just
- 4:44filed updates to its nineteen B Remember this, all of these kinds of last
- 4:48minute actions that are being done typically by the news. I think that FIT
- 4:54twenty one is going to get passed. The SEC understands that. I think
- 4:58Gensler understands it. We are about to get regulatory environment within crypto overall.
- 5:03It is going to be unbelievable. So a lot of things are going to
- 5:09be happening. You guys should subscribe to the channel right now because I think
- 5:13we're probably the best channel out there in terms of covering the legislative connection to
- 5:17technology, blockchain, and then of course the investment side of it when it
- 5:21comes to gaming web three. So make sure you are a subscriber of the
- 5:26show. I want to go to this first clip. This is James Seifert,
- 5:29this is one of the Bloomberg analysts, and he talks a little bit
- 5:31about how did this get to this point right here? How did this happen?
- 5:35Listen in And everyone we had spoken to that was involved in the process
- 5:41had told us up until today that there was no shot of it happening,
- 5:45And all of a sudden, we got some texts and talk to a couple
- 5:46of people today and they're like, Yo, something's happening. And we start
- 5:49asking around to everyone we know in the space and they're like, yeah,
- 5:53we don't know what's happening. The SEC is doing it about face and basically
- 5:57saying that they're sending comments out on these nineteen B four's, which are the
- 6:00It's basically a request for a rule change from the exchanges in this case.
- 6:03In the past, it was to allow bitcoin to ETFs to trade. Now
- 6:06it's a theory of metfs. That deadline is May twenty thirds, So it's
- 6:10this Thursday. I was convinced that it wasn't going to happen. Like part
- 6:14of me was hoping it would happen. I thought it was the right thing
- 6:15that would happen. But all of a sudden, the SEC just went crazy
- 6:17and told everyone that looks like we have comments, get here's the comments on
- 6:23your ninety fy four's get us new, updated, amended filings by tomorrow morning
- 6:27at some time. I think ten am is what they were told. So
- 6:29basically, all these filers are in this like last minute, last ditch effort
- 6:32to like update filings and get ready for this May twenty third deadline, that
- 6:35is van X deadline. We don't know anything other than that, but the
- 6:40fact that the SEC, all of a sudden is engaging on this two days
- 6:43out is very shocking, very surprising. I have a whole theory on this.
- 6:47Our team has been compiling research after research understanding what's happening in the nuances
- 6:54of the political landscape and also within the finance structure around what we're seeing both
- 6:59on ETF the markets. It really kind of plays out into one or two
- 7:02things. I'll get to that in a second. I want to go to
- 7:04this next clip from James also because what happens next is a very critical move
- 7:11because remember, nobody really knew what was going to happen with the bitcoin ETF.
- 7:15Now we know, so does that give us the validity that we need
- 7:19to understand this could be the big market play for ethereum. Listen to this
- 7:25clip. So what's going to happen here is if we're correct and this is
- 7:29a true change and the SEC is going to approve these things this week,
- 7:31that's only the nineteen before the S one also needs to be approved, and
- 7:36court Finn as far as Warware, has not even begun having a conversation within
- 7:40these issuers, so that could take weeks to months before that gets ironed out
- 7:44and then we get these ETFs approved in trading. So even if we do
- 7:46get approval this week, it's going to be a very long time or it
- 7:49could be a very long time before we actually get these Ethereum ETFs. Yeah,
- 7:55all right, so our team we have some different opinions on that.
- 7:59In an out, we're kind of split on this as we think this is
- 8:01probably going to speed up pretty quickly. Obviously you've got Blackrock involved. You've
- 8:05got Arc and Vault and van k which are all I think in a heated
- 8:09position to try to gain market share. Remember, first mover is significant fidelity
- 8:15and Blackrock own the space when it comes to Bitcoin etf This is new ground,
- 8:18this is new open water. For a lot of these fund managers,
- 8:22and I think this is going to be one that we need to watch very
- 8:24closely because who wins this pace could become the alpha in the room, especially
- 8:31around a theory, because this is something that a lot of people don't realize.
- 8:33It's not necessarily the flow, it's the amount of accounts that roll up
- 8:37into these because as accounts start to grow, these fund managers can start to
- 8:41build on those base accounts. So even if somebody's coming in with you know,
- 8:45ten thousand, five thousand, three thousand, those kinds of accounts will
- 8:48start to say, all right, that's my ETF and I'm going to start
- 8:52growing that because that's how it just continues to compound on a self, just
- 8:58like any other investment component out there. Make sure to drop some questions in
- 9:03over on the sidebar. We'll try to get to as many as we can.
- 9:05This is where we get kind of interesting in terms of why did this
- 9:09happen, because there's a lot of people that are trying to figure out this
- 9:13is really a big about face potentially for the SEC. Here's Gasparino. Now
- 9:18this isn't a crypto guy. This is a guy that's running and really managing
- 9:22what's going on in the markets and analyzing it pretty heavily. If the SEC
- 9:26does approve the ETHTF ETF will be one of the biggest regulatory one to eighties
- 9:31in recent SEC history. Proof that crypto crowd is a legitimate voting block keywords
- 9:37here, voting blocks. Securities lawyers tell me the guidance coming from Garrit Gensler
- 9:41was that he was he wasn't even going to declare ethosecurity, which would have
- 9:45made it a complete no go. So with all that, but now what
- 9:50we're hearing is after people like Deeton comes out, made their voices heard,
- 9:54we've got dem lawyers now heard them, and of course got a little jittery
- 9:56about losing the Senate. So this is politically a position and this goes back
- 10:01to what we've been following along in all of our regulatory videos that we've been
- 10:07doing. I think we've probably done forty of those things, maybe fifty of
- 10:11the breakdowns where we go through literally I would say ten thousand hours of footage
- 10:16of breaking down these nuances. The one we just dropped today, you guys
- 10:20got to go back and watch it because this is the debate that's going on
- 10:22right now on the FIT twenty one bill. And this is important because there's
- 10:26a lot of nuances coming in from Capitol Hill that I think guide where these
- 10:31directives go with these regulatory agencies. And that's exactly what Gasprino is saying here,
- 10:37so very interesting. So his last statement right here again, don't believe
- 10:41anything until you see the press release. So remember watch out for those fakes.
- 10:46You've got to double check it, make sure and double check it.
- 10:50We'll be out there on X trying to kind of help verify that. We'll
- 10:54double check, triple check, quadruple check before these things get done. But
- 10:58if it happens, it will be a big affing deal for sure, So
- 11:03pretty huge going forward. Yeah, further into you want to go into.
- 11:11Yeah, we're gonna go to the Ether approval. Yeah, I think that
- 11:13was where. Yeah, okay, let's go there. Yeah, we've got
- 11:18one clip here. I want to go to that one. Let's go to
- 11:20this first clip, three, I think is the one we're gonna play.
- 11:22Let's go to that one. People were optimistic that we could they would pull
- 11:26away some Democrats for SAB one twenty one, and then the next day we
- 11:30got twelve Democrats pull away and join the Republicans in voting to repeal SAB one
- 11:35twenty one, and one of them was Chuck Schumer, like Senate Majority leader.
- 11:39I mean, that's that's that was That was even shocking to me.
- 11:43I thought they would get a bunch of senators. I didn't think they'd get
- 11:46Chuck Schumer. So all of a sudden, that's Thursday, and then come
- 11:50in on Monday morning, and by late late morning, well really early afternoon,
- 11:54we started getting rumblings that something was happening with the SEC and the's etts.
- 11:58You combine that with what you were saying with Trump hosting a NFT dinner
- 12:01and telling everyone if you like Crypto or you want Crypto to stay here in
- 12:05the US, to vote for him, I mean that, And then you
- 12:09combine them with the fact that everyone I'm talking to seems like they were blindsided
- 12:13by this. No one was expecting this. That tells me this came from
- 12:16the top. This was a political decision. And I think you're right,
- 12:18Alex, I think this was a decision from above, possibly above the SEC.
- 12:20Sad like Biden Biden. Biden, I mean that decided like it's not
- 12:24worth fighting this. We might even lose in court. If we try to
- 12:26do this and somebody sues us and we're losing the votes, people are going
- 12:31to go to Trump solely because of the stance here, and it's just not
- 12:33worth it. So that is I think the biggest statement is that we could
- 12:37be losing a voter base, and that that's really what I think the Democrats
- 12:41have started to realize that it is and has been real, and I think
- 12:46we have to thank you guys, you know, for helping make that a
- 12:50reality. The likelihood is most of you watching our channel has reached out to
- 12:54one of your lawmakers, one of your representatives, and you've made your voice
- 12:58known. I know we've done it multiple times. We've been covering this for
- 13:01months on end about this is what's going to make a difference in this upcoming
- 13:05election. Of course, Trump was a little bit of a wild card because
- 13:09that one was a little bit unexpected to see him do a spin on it.
- 13:13Remember, he didn't necessarily enact the movement on hey go out and do
- 13:18some research. That was actually Biden that did that research and reference to the
- 13:22digital assets market what we need to do as an administration. So there's still
- 13:24some interesting plays here by both parties that will potentially play out. The good
- 13:31thing is is we're getting bipartisan support, as Safer was saying, so that
- 13:35in itself pretty big deal I think overall. And there's another clip I wanted
- 13:41to play because this is where we get into more detail of maybe how this
- 13:46flowed down. And I want to show you a tweet here on this as
- 13:48well, because I think it will start to make a lot more sense as
- 13:50you start to see this. Listen in Yeah, I mean so if you
- 13:54look at the market caps between the two of them, eath is what thirty
- 14:00thirty percent roughly right now of bitcoin, somewhere around their upper twenties, low
- 14:03thirties. I think that's probably a good ballpark estimate for the demand that we'll
- 14:09see. So if you look at the assets and flows to the bitcoin ETFs,
- 14:13maybe it'll be I think it'll be less than whatever the actual ratio is.
- 14:16I don't think it's gonna be meaningfully less. Eric, my boss,
- 14:20thinks it will be meaning less. He's thinking ten fifteen percent, I think
- 14:24twenty to twenty ish percent of what the bitcoin ETFs did. So I don't
- 14:28think it's going to be I don't think they're going to surpass bitcoin ETFs.
- 14:31But I do think there's going to be demand here, and I wonder how
- 14:35much demand will come from people like I already have the bitcoin ETF. I
- 14:37might as well diversify and sells some bitcoin, get eth that could happen.
- 14:41Who knows what's actually going to happen, all right, So this is this
- 14:46is all becoming I think, a stark reality to what and where the market
- 14:52could go. Because remember, this is setting up for a much bigger play
- 14:56I think from a technology standpoint where blockchain will be. And the biggest issue
- 15:01is that we now a G twenty nation getting basically in line with what's happening
- 15:07in Mika, what's happening in Asia, and of course the United States I
- 15:09think does have the framework of being able to kind of blow this out of
- 15:13the water. I remember ANYTHTF has already been passed in Hong Kong, so
- 15:16didn't make a lot of news, didn't get the kind of support. Sure
- 15:20it got sport, but I don't think it necessarily is the same as to
- 15:24when it happens on Wall Street here in the United States. So here's eleanor
- 15:28Tarrett just to kind of remember, settle everybody down if the bill passes the
- 15:33House, it still has to go through the Senate. This is the one
- 15:35or the twenty one bill, which could include hearings, mark up and then
- 15:39would have to pass the Senate as well. All of that is likely.
- 15:43But if we're getting overwhelming, you know, bipartisan support, which is what
- 15:48we're hearing. In fact, from the research we did today and a lot
- 15:52of the video footage we've been covering from the debate that's happening on twenty one,
- 15:56it looks as though that could be the case. If that is the
- 16:00case, then likelihood is we'll see pretty much a red stamp or excuse me,
- 16:03kind of a what do they call that? The just the automatic stamp
- 16:07coming in from the Senate. I want to go to this tweet right here
- 16:10because this gets into I think what is really behind most of this is.
- 16:14Ryan Selkus from Massari says President Trump showed up for crypto in one week,
- 16:19two hundred billion in a crypto rally, forced Senate Dems into submission on SAB
- 16:25one twenty one, force the resignation of the FDIC chair, force the SEC
- 16:30to reverse course on an ETF approval, and upped the ft or the fit
- 16:34twenty one odds of passage. I don't know if that's the case, but
- 16:38it's eerie timing with what's been happening. So if back to Casparino's tweet,
- 16:44is that the Dems have said, we have an OS moment and we've got
- 16:48to take care of it because we're losing voter base, and all of these
- 16:52things are timing out at the perfect timing for what's happening in DC. Remember,
- 16:57guys, there's a lot of backroom discs, gushions happening in DC right
- 17:00now around how to jockey around us and be on the right side of these
- 17:07kinds of decisions, because this is what will make or break a candidate.
- 17:11Here's another statement right here. If the SEC approves the ETH ETF, it
- 17:15will approve Will it approve all coin ETFs? That would be the next logical
- 17:19question. A couple of them that kind of play into this. There's a
- 17:22point down here, will a spot eth lead to all coins? Let me
- 17:27know what you guys think. But some there are a dozen trusts publicly trading
- 17:32in US holding alternate crypto assets. This would be things like light coin,
- 17:36chain Link. You've got Salana in here, z cash in here, dot.
- 17:41I mean, we've got some pretty big projects in here that could be
- 17:45maybe lining up in that. So the logic of all coin proponents argue that
- 17:49non eth spoty ETFs might gain SEC approval shortly after a SPOT ETF. That
- 17:56usually follows a pretty simple argument, and then they'll go into so why would
- 18:00commissioners deny trust sponsors of other crypto assets to convert into an ETF. Oh
- 18:04no, we'll find out there's going to be a lot of traction going in
- 18:08that direction. What does that mean for this bull run? Does this bull
- 18:12run push us into the ranges that we've been considering with Bitcoin over a one
- 18:18hundred k? Do we see eth start to crack through that ten k mark
- 18:22which everybody has kind of been fascinated with. Whether or not all that is
- 18:26still in the cards. A lot of things still have to happen, for
- 18:30sure, We'll get to some questions. I know we have a poll coming
- 18:33in. I want to get to this last tweek because this is another kind
- 18:36of spike in the coffers for what could be happening, and that of course
- 18:40is in video earnings. Now remember in Vidia pul Why does that matter to
- 18:45crypto? Well, it matters because the potential for technology in those MAG seven
- 18:49and upside wins because if we do get some trading action here, it could
- 18:52go into the risk on markets where we are potentially heading and we probably brought
- 18:59it. Got to bring in doctor Bear again and get Jeff in here,
- 19:03because he's usually pretty consistent on how this money moves around in terms of liquidity
- 19:07out of the traditional securities markets and into the crypto markets. Because remember,
- 19:11liquidity is going to be key being able to blow this market into the next
- 19:15level, and in Vidia could be one of the catalysts for that. So
- 19:19they're expecting to report twenty four almost twenty five billion in revenue for that's quarter
- 19:25one. To put this in perspective, this reflects a two hundred and forty
- 19:29one percent year over year revenue. Again, I don't know how long this
- 19:32can hold for in Vidia because they're pretty much, you know, kind of
- 19:34the tailwagon the dog right now in terms of the S and P and the
- 19:37MAG seven. But everybody's watching this one close. Many people are saying,
- 19:42hey, short on the side of AI right now, but long it.
- 19:47You know, when you look at AI in general, because that's where most
- 19:49of the market is going, and of course we'll see a lot of that
- 19:52in what we're going to see in terms of blockchain, a lot of projects
- 19:56that I think we'll see coming into the space more into the AI side.
- 20:00All right, yeah, we're gonna find out. Yeah, for today,
- 20:03I think it's after hours in it. Yeah, it's an after hours report,
- 20:06so that'll be coming in. We're gonna get in over on some of
- 20:10the questions. Let's go over to the poll real quick and take a look
- 20:11at what you guys think could Eve pump. Everybody is very bullish on this
- 20:17one. Wow, sixty six hundred if you look at that, I'm just
- 20:23gonna look. Okay, So my chart's on Ian. Oh well this is
- 20:27interesting. Uh, this is this is E and S. So this is
- 20:32the Ethereum name service has been pumping the last two days. So another big
- 20:37one en S is one that we've been on for a while. We've done
- 20:40a couple of videos on that. If you guys want to watch a video
- 20:41on it, check it out. Let's go up to ETH take a quick
- 20:45look of where Ethe is right now to get that down to let me move
- 20:49in a hare because sentiment trends trending up still on the high side. But
- 20:56I want to go here and take a look, and we'll get in some
- 20:57questions of what that would mean for an upside. So if we get there,
- 21:03wow, that's an eighty percent move. Guys, that would be pretty
- 21:07dynamic for ethereum, even ethereum. So let's get to some questions are let's
- 21:14see who do we have two bit users says I don't feel like an idiot
- 21:18for holding XRP. XRP has been doing okay, we're probably going to see
- 21:22quite a bit going on, yep, And what else do we have here?
- 21:26Okay, x okay. Chris says XRP could be the only crypto occurrence
- 21:30with legal clarity to pull it off an ETF other cryptocurrencies, so you're thinking
- 21:36past the ETHTF obviously. James Olbleton says Cardonald could be in there, and
- 21:41then Bryan says, Salah on the ETF side, I don't know. My
- 21:47opinion would be, you've got major projects, You've got Avalanche, which I
- 21:52think is maybe even a little bit more poised. Obviously XRP could be as
- 21:56well, but Avalanche could get in there because their connectivity to real world assets,
- 22:02their connection into Wall Street. What they've been doing in terms of the
- 22:06breadth of projects that they're into. Definitely a good one for sure, Chris
- 22:11Crypto says, Ripple taking the lead for sure XRPDU says, in other words,
- 22:17Biden is tired of Gensler. Well, you know, we've talked about
- 22:21this for a while. Is that Gensler I think is on borrowed time anyway,
- 22:26no ETF launch without black Rock. Well they changed their nineteen B filing,
- 22:30so that could be happening as we speak right now, because remember if
- 22:34they get that updated, does Gensler and the SEC just say all of these
- 22:40have passed and we're just going to approve all. We'll see HBAR coming soon.
- 22:45Frankie Ortiz, you know, Hadera has been one that continues to fly.
- 22:51You know, it's in our it's in our Yeah, there's HBAR right
- 22:56there. So kind of flat right now in the news of everything. It's
- 23:00Bill needs that governance board. I think again back to mind, I think
- 23:03entertainment is going to be the one to make HBAR move. Either that or
- 23:07they get something, you know on a nation state or something that really would
- 23:11I think open up an opportunity where Hendera is going to go naughty. Jackal
- 23:15says, Grace Scale Inca is coming. That would be cool. Drew says,
- 23:19sixty six a few months, not on day one. Well after was
- 23:25the key word there, so after is a long time. It could be
- 23:30this month, could be, you know, end of year. We'll see.
- 23:33But I'm still very positive that this gets approved on Friday or Thursday.
- 23:38It's going to be a good one for sure. Render is breaking out.
- 23:42Now. Let's take a look real quick. So starting okay, nice three,
- 23:48we're on the daily right now, starting to move onder. Render has
- 23:51been up on the sentiment charts too for the MSI moving somewhat up versus some
- 23:57of the others. Let me look at the growth on that one, just
- 24:00off this low right here of where we are today. So a nice twenty
- 24:06percent move on that one. Thanks for the superchat, TENJKA appreciate it,
- 24:11Drew says, just watched it. You should have named the Maxine muffles.
- 24:15You got the joke, Drew, So that's good. I'm glad you guys
- 24:18watched it because that was a good one. It's a good one because it
- 24:22lines you up of understanding what's happening in politics. And believe me, the
- 24:26crypto industry is We're not off scott free. This is going to be a
- 24:30charge and a challenge. I think that's going to take months, if not
- 24:33years to truly work out into a structured market because there's going to be a
- 24:38lot of missteps. Understand that it is going to be I think a very
- 24:45intriguing time. It's a lot like what happened in the birth of the Internet
- 24:48mobile, all those kinds of cycles that have gone through technology. I think
- 24:52we're about to see that now. Is it possible for a Solana to two
- 24:55x from current price by year end if eth goes through? Okay, I
- 25:00won't ever say without a doubt, but when you look at Solana, and
- 25:03I know everybody will say, yeah, Peebe's you know the Salana show.
- 25:07By the way, we don't get paid by these tokens at all. The
- 25:11key here is we just watch what's happening, We do the research, we
- 25:15watch the market sentiment. That's really what boils it in. You have to
- 25:18look at where Solana is right now one seventy eight of what they've been able
- 25:22to do in the short term. We had I think it was Tim on
- 25:26last week. It was and he was calling for like a two K Salana.
- 25:30Now granted that's in the bull run. Could that mean this time next
- 25:33year? Early next year? I think if eth runs, we're going to
- 25:37see some pretty significant moves on Solana, it will pace behind it. The
- 25:41one thing no, I'm gonna to be watching very closely is the sentiment data
- 25:45between those two when they bank against it. Much like if you do trading
- 25:48pairs and look at how Salona trades against he, that would be a good
- 25:52one. Fred Williams, great show. Thanks a lot, you guys.
- 25:53Do I think that Gary Ginsler may be not the bad guy? This is
- 25:57an interesting statement right by Fred because this is something we contemplate in the research
- 26:04the crypto pit here quite often, and that is, is Genser really a
- 26:08closet ETH fan? And because there's some structures here that had to happen.
- 26:14Remember he says ethan security, I'm not going to improve in ETHTF. But
- 26:18then all of a sudden you get legislative support, by partisan support, you
- 26:23get the Dems on their heels, and what guides these regulatory bodies, it's
- 26:30the Democrats or the Republicans. So could he have simply said I'm waiting for
- 26:36you guys, before I come in and get behind it. Remember he was
- 26:38one of the three, and it took three to put the Bitcoin ETF through.
- 26:45It was Jueda and Paris and Gensler. Those were the three votes that
- 26:49got it through out of the five commissioners. So just remember that maybe there
- 26:52is something to that not completely out of the realm here, even though I
- 26:56think he's been the villain, and you know, he's played a very good
- 27:00villain during this chapter of things for sure. All right, if you guys
- 27:04are not in the Diamond Circle, it is our own closed group. It's
- 27:10an email list. You can also visit the substack just PBN dot substack,
- 27:15PBN three dot substack. That's the Diamond Circle. We do out additional content
- 27:18there. We put out sometimes we'll drop some of our MSI data in there
- 27:22for free, which is our sentiment data on forty eight tokens. Right now,
- 27:26we're getting ready to pump up another three or four tokens into that,
- 27:30so we'll be over fifty. But join now. It's a great place to
- 27:33get additional content. Of course, if you're not following me on X,
- 27:36do that. It's at Paul Baron. Catch you guys next time, right,
- 27:38here on techpath,