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Michael Saylor Sells Bitcoin?📉Crypto Market Update🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Sailor is selling bitcoin, doesn't matter. The sentiment is in.
• 0:03
  Speaker 1: We'll break it down for you guys today. Let's just
• 0:05
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• 0:42
  Speaker 2: So let's go in and.
• 0:42
  Speaker 1: Take a look at this tweet right here as both
• 0:45
  Speaker 1: theory kind of breaking down what's going on with Michael
• 0:47
  Speaker 1: Sailor's strategy. Of course, selling for the first time since
• 0:51
  Speaker 1: December twenty twenty two thirty two bitcoin.
• 0:54
  Speaker 2: This is only worth two and a half million.
• 0:55
  Speaker 1: Many people will say, all right, it's just two and
• 0:57
  Speaker 1: a half million, But I think the point is that
• 1:00
  Speaker 1: it is all built around sentiment in the market. We
• 1:02
  Speaker 1: started to see bitcoinjust because of this specifically, and I
• 1:07
  Speaker 1: think the real question is will we sell more bitcoin
• 1:10
  Speaker 1: as we start to move forward. Remember the stretch, the
• 1:13
  Speaker 1: stretched dividend rate maintained still at eleven and a half percent.
• 1:17
  Speaker 1: They're getting ready to do a June distribution coming up soon.
• 1:20
  Speaker 1: This is still playing out, and I think at that
• 1:22
  Speaker 1: point you've got to take a look at where the
• 1:24
  Speaker 1: current market is and whether or not they would dip
• 1:26
  Speaker 1: into the bitcoin coffers and sell again to be able
• 1:30
  Speaker 1: to pay out on some.
• 1:31
  Speaker 2: Of these dividends.
• 1:32
  Speaker 1: Strategy sells and raises one hundred and twenty eight million,
• 1:37
  Speaker 1: this of course coming through the share issue, and so
• 1:39
  Speaker 1: they're pretty much in a position right now where they're
• 1:43
  Speaker 1: diluting even further. So, I don't know, are you in
• 1:46
  Speaker 1: a position right now where you like the strategy coming
• 1:49
  Speaker 1: in from Strategy and micro Strategy or do you not
• 1:53
  Speaker 1: let me know in the comments down below. Would you
• 1:55
  Speaker 1: buy Master right now or would you buy bitcoin as
• 1:58
  Speaker 1: it starts to dip?
• 1:59
  Speaker 2: Is that at the price you like?
• 2:01
  Speaker 1: Or do you like the under seventy k which is
• 2:03
  Speaker 1: kind of where we see the market heading. If you
• 2:05
  Speaker 1: look at stretch right now, you can of course see
• 2:08
  Speaker 1: it d coming.
• 2:10
  Speaker 2: I won't say depegging, but it is coming off its.
• 2:13
  Speaker 1: Average around a buck, holding in at around ninety eight
• 2:16
  Speaker 1: to fifty five.
• 2:17
  Speaker 2: Right now.
• 2:18
  Speaker 1: This dipped, of course down, I'm sure on the news.
• 2:21
  Speaker 1: The real question is is we'll this start to move
• 2:23
  Speaker 1: further in other scenarios where we've seen in the past
• 2:27
  Speaker 1: where it's dipped all the way down to around ninety three.
• 2:30
  Speaker 1: So is that an opportunity to go in and grab
• 2:34
  Speaker 1: stretch at a bit of a discount and then get
• 2:36
  Speaker 1: ready for these distributions they start to come out. Let
• 2:39
  Speaker 1: me know what you guys think other things that are
• 2:41
  Speaker 1: playing into this, because this, I think is another factor
• 2:44
  Speaker 1: that kind of puts some pressure on the market. And
• 2:48
  Speaker 1: I like this analysis. Very few people connecting the dots.
• 2:51
  Speaker 1: Someone sold one point two bill in ibit and they
• 2:54
  Speaker 1: paid twenty nine million in execution fees. So what else
• 2:58
  Speaker 1: is being sold out there right now in these markets?
• 3:02
  Speaker 2: Are there some whales not to be named that are
• 3:05
  Speaker 2: doing this?
• 3:06
  Speaker 1: And of course Sailor came in right behind just did
• 3:08
  Speaker 1: a small sale. But still the point is is very
• 3:11
  Speaker 1: interesting timing going into this market in a heavy week
• 3:14
  Speaker 1: on June first, I want to go to a clip
• 3:16
  Speaker 1: real quick, because this gets into whether or not Strategy
• 3:20
  Speaker 1: is losing the plot on this project.
• 3:22
  Speaker 3: Take a look just days after billionaire entrepreneur Mark Cuban
• 3:26
  Speaker 3: told a podcast last week that he has sold most
• 3:29
  Speaker 3: of his bitcoin holdings because it has quote lost the
• 3:32
  Speaker 3: plot A new security is. An Exchange Commission filing out
• 3:35
  Speaker 3: yesterday shows that in the first quarter, billionaire hedge fund
• 3:38
  Speaker 3: manager Paul Tudor Jones sold his entire stake in bitcoin
• 3:42
  Speaker 3: treasury firm Strategy. Tell us what you saw and what's
• 3:45
  Speaker 3: going on here?
• 3:45
  Speaker 4: But yeah, part of the message to our shareholders and
• 3:49
  Speaker 4: the community is we are a sixty two billion dollar
• 3:53
  Speaker 4: We're companying a whole sixty two billion dollars in bitcoin.
• 3:57
  Speaker 4: We had at that point in time eight billion dollars
• 3:59
  Speaker 4: at about eight ten billion dollars or fifteen billion eight
• 4:03
  Speaker 4: dollars and preferred. We have a lot of tools to
• 4:05
  Speaker 4: use and we'll do the right things at the right
• 4:08
  Speaker 4: time to increase bitcoin.
• 4:09
  Speaker 2: Per share for our shareholders.
• 4:12
  Speaker 3: So what should people be waiting for here?
• 4:14
  Speaker 4: There's a long term philosophy that we should be aggregating
• 4:17
  Speaker 4: bitcoin as a company, and I think it's good for
• 4:19
  Speaker 4: most people. Right there may be a week to week
• 4:22
  Speaker 4: or a day to day decision that we should sell
• 4:24
  Speaker 4: bitcoin because it's a creative to our shareholders for the
• 4:27
  Speaker 4: long term.
• 4:29
  Speaker 2: All right.
• 4:29
  Speaker 1: So that was fond Lee, who's the president over at Strategy,
• 4:33
  Speaker 1: and one of the things that we talked with him
• 4:36
  Speaker 1: about the last time we were on the show.
• 4:38
  Speaker 2: I think is.
• 4:39
  Speaker 1: How do long term investors play this out? Because many
• 4:42
  Speaker 1: people would look at strategy and stretch, especially maybe more
• 4:45
  Speaker 1: long term. Some would say, no, I'm going to take
• 4:49
  Speaker 1: the eleven and a half percent on the annual appreciation here,
• 4:52
  Speaker 1: that that would be what I'm looking for. But I
• 4:54
  Speaker 1: think the opportunity here is can he convince investors to
• 4:57
  Speaker 1: stay in the game for long term. That's real play
• 5:00
  Speaker 1: that's going into the market right now. Mike Novocrats had
• 5:04
  Speaker 1: some things to say about this because there's some interesting
• 5:07
  Speaker 1: parody here to also what is happening with the likelihood
• 5:10
  Speaker 1: of clarity.
• 5:11
  Speaker 5: Take a look all of that other stuff that he's
• 5:13
  Speaker 5: doing is hurting the crypto piece.
• 5:16
  Speaker 2: Of the legislation.
• 5:17
  Speaker 5: Two weeks ago, I was at ninety percent past I'm
• 5:21
  Speaker 5: back down to sixty percent.
• 5:22
  Speaker 6: Right.
• 5:22
  Speaker 5: The stuff that's happening around this administration with the one
• 5:26
  Speaker 5: point seven billion dollars slush fund, just makes it harder
• 5:30
  Speaker 5: and harder for Democrats to say, yeah, we should support
• 5:32
  Speaker 5: this guy. Part of my role in process has been
• 5:35
  Speaker 5: going going down consistently to DC and I'm going to
• 5:39
  Speaker 5: get next week to try to get Democrats to say,
• 5:41
  Speaker 5: you know what, guys, forget about that. If Trump wants
• 5:45
  Speaker 5: to be that administration wants to be corrupt, they could
• 5:47
  Speaker 5: be corrupt. There's nothing you can do to stop it
• 5:49
  Speaker 5: because you're not stopping it. Passing a crypto bill, which
• 5:51
  Speaker 5: is good for America and good for our industry and
• 5:54
  Speaker 5: actually gets this issue off your plate is still better
• 5:57
  Speaker 5: for you. So plug your nose and do it. They
• 5:59
  Speaker 5: keep getting there, they get to the finish line, they're
• 6:02
  Speaker 5: ready to go, and then something else comes out and
• 6:04
  Speaker 5: it's like, okay, if we could just take a pause
• 6:08
  Speaker 5: out of this administration, all those things are just like needles.
• 6:13
  Speaker 2: All right.
• 6:14
  Speaker 1: So he is getting at the real point here, and
• 6:16
  Speaker 1: that is how do the markets respond to this? And
• 6:19
  Speaker 1: of course some of the biggest issues right now are
• 6:21
  Speaker 1: the Democrats and how they're going to end up voting
• 6:24
  Speaker 1: on clarity. Even if we get it to the Senate floor.
• 6:27
  Speaker 1: That's the real question right now. More pressure on the
• 6:29
  Speaker 1: market though. Bitcoin trades under seventy one K for the
• 6:32
  Speaker 1: first time since April thirteenth, so the likelihood of seeing
• 6:37
  Speaker 1: Bitcoin dip below seventy is much higher now. Many people
• 6:40
  Speaker 1: were looking at June as being one of the key
• 6:42
  Speaker 1: months here that would take a look at where the
• 6:45
  Speaker 1: markets take a step back, possibly even the traditional markets,
• 6:50
  Speaker 1: and then start to see some movement after midterms. And again,
• 6:53
  Speaker 1: all of this is still pairing into whether or not
• 6:55
  Speaker 1: we get clarity.
• 6:56
  Speaker 2: I'll talk about that in a minute.
• 6:57
  Speaker 1: Before we go to that, though, I want to go
• 6:59
  Speaker 1: into why I investors are now rage quitting take a look.
• 7:04
  Speaker 5: You know.
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  Speaker 7: On the one hand, I think Mark is right crypto
• 7:06
  Speaker 7: has been disappointing because cryptos should move with you know,
• 7:10
  Speaker 7: equity markets, and it should be rallying with software. Software
• 7:13
  Speaker 7: has really started to rally big and crypto hasn't moved.
• 7:18
  Speaker 7: So I think there are what what I call quote
• 7:20
  Speaker 7: rage quitting people selling here as if something is wrong.
• 7:24
  Speaker 7: I mean one, I think that's what always happens at
• 7:27
  Speaker 7: the end of crypto winner. You know, if someone asks me,
• 7:30
  Speaker 7: is the thesis for bitcoin or ethereum broken. You know,
• 7:34
  Speaker 7: it's absolutely not because one the more work we do,
• 7:37
  Speaker 7: and we're hearing it from founders like Palenteer, bitcoin and
• 7:41
  Speaker 7: ethereum are really the future of money because mass and
• 7:44
  Speaker 7: compute or compute and energy. However Elon puts it, the
• 7:47
  Speaker 7: future isn't changed. But the spotlight today is of course
• 7:51
  Speaker 7: on Semi's memory, starting on software. But as people focus
• 7:56
  Speaker 7: downstream into the future, that's really I think when the
• 7:58
  Speaker 7: bid comes for bitcoin anything.
• 8:01
  Speaker 1: So that is the question mark is when does the
• 8:03
  Speaker 1: big come and is this lining up for a perfect
• 8:07
  Speaker 1: entry point on these assets at a much lower price
• 8:11
  Speaker 1: than where this market could be going. Remember Tom Lee
• 8:14
  Speaker 1: is now holding four and a half percent of the
• 8:16
  Speaker 1: total ethereum supply, which has been his goal is to
• 8:19
  Speaker 1: get to five. It's likelihood that this is going to
• 8:22
  Speaker 1: happen four bitmind And I think the real factor here.
• 8:25
  Speaker 2: Is is he right.
• 8:27
  Speaker 1: Are we going to see bitcoin and ethereum lead these
• 8:29
  Speaker 1: markets out and what other assets would kind of go
• 8:32
  Speaker 1: along with it. I think that's a real question that
• 8:34
  Speaker 1: many people are looking at. You could compare this to
• 8:37
  Speaker 1: what's been happening in.
• 8:39
  Speaker 2: The stock market.
• 8:40
  Speaker 1: The stock market, of course, hits its all time most
• 8:42
  Speaker 1: expensive valuation and history, surpassing the dot com bubble. Now,
• 8:47
  Speaker 1: many people will argue this is that has a lot
• 8:50
  Speaker 1: of similarities to the dot com bubble.
• 8:51
  Speaker 2: I live there.
• 8:52
  Speaker 1: I was working in Silicon Valley at that time. What
• 8:55
  Speaker 1: I will tell you is I don't think so. I
• 8:57
  Speaker 1: think now we're dealing with real earnings back then, and it.
• 9:00
  Speaker 2: Was blue sky all the way. That was mostly on
• 9:03
  Speaker 2: Wall Street.
• 9:03
  Speaker 1: A lot of these funds that were running back in
• 9:05
  Speaker 1: the nineties and the early two thousands, they had zero revenue.
• 9:09
  Speaker 1: There was no income, there was no balance sheets, and
• 9:12
  Speaker 1: that was the problem that it really painted. It's a
• 9:14
  Speaker 1: different market now, because I do think there are opportunities
• 9:18
  Speaker 1: here for many of these Now. The real question is
• 9:19
  Speaker 1: is will some of this speculative markets, such as what's
• 9:23
  Speaker 1: going on in AI make it through. That is the
• 9:26
  Speaker 1: question I think everybody's asking right now.
• 9:28
  Speaker 2: Where does it go?
• 9:29
  Speaker 1: Speaking of that, you've got Claude of course developing their
• 9:33
  Speaker 1: ipo anthropic and of course this will be one of
• 9:36
  Speaker 1: the biggest ever.
• 9:37
  Speaker 2: The real question is is how.
• 9:38
  Speaker 1: Do they compete with something like SpaceX for at least
• 9:42
  Speaker 1: the sentiment word of mouth. How new investors might jump in.
• 9:47
  Speaker 1: But of course IPO coming in very strong at one
• 9:50
  Speaker 1: point eight billion or one point eight trillion on their IPO,
• 9:53
  Speaker 1: this will be a huge one. And I think speaking
• 9:56
  Speaker 1: of huge IPO seasons, you have to consider every one
• 10:00
  Speaker 1: that could potentially be going out at this time.
• 10:02
  Speaker 2: Take a look IPO.
• 10:04
  Speaker 6: But answer that we have upcoming, right, we know SpaceX's
• 10:08
  Speaker 6: is upcoming in June. As far as I can read today,
• 10:11
  Speaker 6: Open a Eyes is pondering an IPO just after the
• 10:14
  Speaker 6: summer break, right around September Augus September. So that is
• 10:19
  Speaker 6: probably also another concern for the business cycle into twenty
• 10:23
  Speaker 6: twenty seven. Will too much liquidity get sucked up by
• 10:26
  Speaker 6: all of these big, big, big IPOs. And honestly, if
• 10:30
  Speaker 6: you look at it in the historical context, a huge
• 10:33
  Speaker 6: IPO season is a decent sentiment indicator that we're approaching
• 10:39
  Speaker 6: some sort of finally year of a cycle or something
• 10:42
  Speaker 6: like that.
• 10:43
  Speaker 2: So my best guest right now, also.
• 10:45
  Speaker 6: Watching the IPO season, is that twenty twenty six is
• 10:48
  Speaker 6: the final year of the cycle.
• 10:49
  Speaker 1: But we'll have to see, all right, So you have
• 10:53
  Speaker 1: some people calling for twenty six being the final year. Yeah,
• 10:56
  Speaker 1: you have Tom Lee looking at twenty seven being a.
• 10:58
  Speaker 2: Blow off top for this market.
• 11:00
  Speaker 1: You look at SpaceX's IPO and the potential right now
• 11:04
  Speaker 1: for a two trillion dollar IPO is skyrocketing. The likelihood
• 11:08
  Speaker 1: this could actually go above two trillion. So the real
• 11:10
  Speaker 1: question because if you look at the next one at
• 11:12
  Speaker 1: two point two trillion, it's hold in a sixty seven
• 11:14
  Speaker 1: percent probability. That in itself, I think starts to really
• 11:18
  Speaker 1: change things up a little bit. And the reason is
• 11:20
  Speaker 1: liquidity in the market. What will we see when it
• 11:24
  Speaker 1: comes to other categories where this is precious metals, other
• 11:29
  Speaker 1: areas within the traditional finance markets, or even risk assets.
• 11:33
  Speaker 1: And I think that's the real question that will play
• 11:35
  Speaker 1: out in the coming months going into midterms. One of
• 11:39
  Speaker 1: the biggest things that will of course focus on that
• 11:42
  Speaker 1: is how macro is all going to be lining up.
• 11:44
  Speaker 1: Macro not lining up necessarily perfect because Iran has suspended
• 11:48
  Speaker 1: talks with US over these most recent strikes with Israel
• 11:51
  Speaker 1: on Lebanon. This of course gets into a whole issue
• 11:55
  Speaker 1: guys on how does this end? When does the US
• 11:59
  Speaker 1: and Trump have a true off ramp. And I think
• 12:01
  Speaker 1: that's the challenge that we're faced with right now. President
• 12:05
  Speaker 1: Trump says he's in no hurry to make a deal
• 12:08
  Speaker 1: with Iran if we don't get what we want. Here's
• 12:10
  Speaker 1: my thinking is that you've got someone like the RCG
• 12:15
  Speaker 1: who hasn't necessarily held to any of their agreements in
• 12:18
  Speaker 1: the past. Why not just make an agreement, not worry
• 12:21
  Speaker 1: about it, say you've won, get the off ramp, move
• 12:23
  Speaker 1: along and deal with that. I think the issue that
• 12:27
  Speaker 1: Trump is dealing with now is we're ninety three days
• 12:31
  Speaker 1: in on this war and the straight up her moves
• 12:34
  Speaker 1: is still strangling energy worldwide. And that's a big problem
• 12:38
  Speaker 1: when you look at it. Look at this exceon mobile.
• 12:41
  Speaker 1: Their senior VP says global oil inventories now are approaching
• 12:45
  Speaker 1: record loads and that prices will spike sharply within weeks.
• 12:51
  Speaker 2: And that's where we are right now.
• 12:52
  Speaker 1: And if Trump is in no hurry to get this going,
• 12:56
  Speaker 1: what does that do to the US market? I think
• 12:58
  Speaker 1: that puts a lot of pressure on the Republicans. It
• 13:01
  Speaker 1: starts to really change the landscape in DC, and it
• 13:04
  Speaker 1: will most likely give a red carpet to the Democrats
• 13:10
  Speaker 1: taking over the Senate coming midterms. Speaking of regulatory outline,
• 13:14
  Speaker 1: you've got the Clarity Act absolutely plummeting right now on
• 13:17
  Speaker 1: a forty eight percent chance, up from around sixty one
• 13:21
  Speaker 1: percent just yesterday. Here on Monday, we've plummeted down to
• 13:24
  Speaker 1: forty eight percent. The likelihood of clarity is quickly waning, guys,
• 13:29
  Speaker 1: and this is a huge issue. If they can't turn
• 13:32
  Speaker 1: it around, doesn't mean they won't because there will be
• 13:35
  Speaker 1: all of a sudden some sort of deal on the backside.
• 13:37
  Speaker 1: But I think with everything that's happening on a global side,
• 13:40
  Speaker 1: what's happening with the Trump administration, as you heard Mike
• 13:43
  Speaker 1: Novogratz talk about the amount of corrupt at least perception,
• 13:48
  Speaker 1: is starting to affect the markets in a very negative way.
• 13:51
  Speaker 1: Let me go to this from Raul Powell because he
• 13:54
  Speaker 1: breaks down whether or not we get retail coming back
• 13:57
  Speaker 1: into this market. Because remember, entry points are the potential
• 14:01
  Speaker 1: where you could see markets.
• 14:03
  Speaker 2: At the right place at the right time.
• 14:05
  Speaker 8: Take a look, retail is driven by the fastest possible returns.
• 14:12
  Speaker 8: If you go with the thesis that most retail investors,
• 14:15
  Speaker 8: the robin Hood crowd and the coinbased crowd, they're generally
• 14:19
  Speaker 8: in their twenties and thirties, they generally can't afford a house,
• 14:24
  Speaker 8: they're generally working two or three jobs, and they're looking
• 14:28
  Speaker 8: for a way out, and so they will speculate. They're
• 14:32
  Speaker 8: also a gaming generation, so losing your life is not
• 14:35
  Speaker 8: the end of the world, because you lose it in
• 14:37
  Speaker 8: games and you start again.
• 14:38
  Speaker 5: Right.
• 14:39
  Speaker 8: They grew up on gaming, So it's a risk taking culture,
• 14:43
  Speaker 8: and it's a logical risk taking culture when there's no
• 14:46
  Speaker 8: way of getting out of the trap unless you take risk.
• 14:49
  Speaker 8: So if the returns start coming back to crypto, and
• 14:52
  Speaker 8: we know that overtime crypto's outperformed at post a char
• 14:54
  Speaker 8: on x recently about the gold crypto ratio, I mean,
• 15:00
  Speaker 8: I mean since twenty twenty, I think bitcoins outperform gold
• 15:04
  Speaker 8: by eighty seven and a half percent. So as soon
• 15:07
  Speaker 8: as crypto starts moving, it has that super massive black
• 15:11
  Speaker 8: hole effect because it outforms everything and it just sucks
• 15:13
  Speaker 8: in capital. So they will be back. They didn't leave
• 15:16
  Speaker 8: crypto forever, they just lost their stake at the casino.
• 15:20
  Speaker 8: And if they've got a stake, they went elsewhere, to
• 15:22
  Speaker 8: the different casino, and they'll come back to whatever casino
• 15:25
  Speaker 8: pays the best odds.
• 15:26
  Speaker 1: Well, I do agree with that whatever casino plays the
• 15:29
  Speaker 1: best odds what you have right now between retail and
• 15:32
  Speaker 1: institutional and even high networth is you're taking a look
• 15:35
  Speaker 1: at where the market sets up, and I think if
• 15:38
  Speaker 1: we do see a blowoff top, is there an alternative
• 15:41
  Speaker 1: where we start to see a shift going into some.
• 15:43
  Speaker 2: Of these risk assets.
• 15:44
  Speaker 1: Things that people will look at is some of the fundamentals.
• 15:48
  Speaker 1: One of the things they might consider is this right here,
• 15:50
  Speaker 1: Swift confirming over fifty major banks will implement crypto rails
• 15:53
  Speaker 1: for cross border payments. That includes pretty much everyone out there.
• 15:58
  Speaker 1: That's the question mark I think that a lot of
• 16:00
  Speaker 1: investors are looking at today. Is this a legitimate asset class.
• 16:04
  Speaker 1: Will it be one of the majors that starts to
• 16:07
  Speaker 1: maybe recover first, because it's definitely not in that phase
• 16:10
  Speaker 1: right now. That's the question mark everybody's looking to answer.
• 16:14
  Speaker 1: We're going to be covering this and more because there's
• 16:15
  Speaker 1: a lot happening this week. If you like this video,
• 16:25
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• 16:28
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• 16:30
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