Latest / The Paul Barron Crypto Show / Bear Watch!🐻Bullish, But Here's The Risk🚨

Transcript

Bear Watch!🐻Bullish, But Here's The Risk🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: You guys are going to hate this video, but what
• 0:02
  Speaker 1: I'm going to ask you to do is watch it anyway,
• 0:04
  Speaker 1: because you always need to be prepared for what could
• 0:07
  Speaker 1: be happening.
• 0:08
  Speaker 2: And today is a bear watch video.
• 0:10
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  Speaker 1: several offers from time to time. So always check what's
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  Speaker 1: going on over there on the website. This is the
• 0:47
  Speaker 1: self-custody to you. So make sure and check it out.
• 0:49
  Speaker 1: Tell them we sent you. I want to start off
• 0:51
  Speaker 1: today with a clip. And then I think you'll understand.
• 0:55
  Speaker 2: Take a look.
• 0:56
  Speaker 3: So I think this is the sixth day in a
• 0:58
  Speaker 3: row we're seeing Brent crude prices lower, which would be
• 1:01
  Speaker 3: the longest streak in more than a year. So obviously
• 1:03
  Speaker 3: long before the U.S.-Iran war started. There's the potential optimism
• 1:08
  Speaker 3: around Russia-Ukraine deal that you've just kind of analyzed ahead
• 1:11
  Speaker 3: of the winter. And there's also just the fact that
• 1:13
  Speaker 3: we might get something more positive in U.S.-Iran. That might
• 1:16
  Speaker 3: just be more flows. We're seeing more flows go through
• 1:18
  Speaker 3: the Strait of Hormuz. We're seeing Saudi Arabia possibly restore
• 1:22
  Speaker 3: its pipeline. So the point is that going into the midterms,
• 1:25
  Speaker 3: there is massive incentive out of the U.S. to do
• 1:28
  Speaker 3: something to get those oil prices lower. So at the moment,
• 1:30
  Speaker 3: the thing that's worrying me is that everything's kind of
• 1:32
  Speaker 3: going to plan in the last few weeks in markets.
• 1:34
  Speaker 2: Everything's looking very bullish.
• 1:36
  Speaker 3: Like I was kind of thinking that, you know, there
• 1:38
  Speaker 3: might be some dip in the second half that, you know,
• 1:40
  Speaker 3: that's the chance to get the year end rally. I
• 1:42
  Speaker 3: think we see the turn of the month into October
• 1:44
  Speaker 3: and people might be chasing this aggressively if nothing bad
• 1:47
  Speaker 3: happens soon.
• 1:48
  Speaker 2: All right, so that was Cudmore.
• 1:49
  Speaker 1: What the point I'm getting at is Bloomberg seems a
• 1:52
  Speaker 1: little bit over optimistic. And anytime I see signs like this,
• 1:56
  Speaker 1: along with some of the things I'll show you today,
• 1:58
  Speaker 1: I always wonder, is there a possibility here? You always
• 2:02
  Speaker 1: have to look at the potential diversion of a market.
• 2:06
  Speaker 1: And if you look at Bitcoin in general, it has
• 2:08
  Speaker 1: experienced the shallowest bear market in its history. Many Bitcoiners
• 2:12
  Speaker 1: are looking at this as bullish. And even if you
• 2:15
  Speaker 1: look at the four year cycle, what we have seen
• 2:17
  Speaker 1: in the past, is a little bit of dip just
• 2:21
  Speaker 1: after these four-year cycles occur. And that might be where
• 2:24
  Speaker 1: we are right now as Bitcoin holds out around 84K
• 2:28
  Speaker 1: after its retracement. So consider that along with what we're
• 2:33
  Speaker 1: seeing in terms of the crypto fear and greed. Remember
• 2:36
  Speaker 1: the last time we saw these dips before in markets,
• 2:40
  Speaker 1: it took a long time. to get back to a
• 2:44
  Speaker 1: market high. And that is a concern right now because
• 2:47
  Speaker 1: we have seen a massive move here from a bear
• 2:50
  Speaker 1: market into what could be either a fake pump or
• 2:55
  Speaker 1: a potential setup here for what we could see in
• 2:58
  Speaker 1: terms of a market downtrend. So these are the things
• 3:01
  Speaker 1: we're watching. If you just look at Bitcoin in general,
• 3:05
  Speaker 1: this was the area where we reached that bottom. This
• 3:08
  Speaker 1: was back in December of 2018. You saw that bottom
• 3:11
  Speaker 1: come in. And then we saw that massive move in
• 3:13
  Speaker 1: the market going all the way up to around 11K.
• 3:17
  Speaker 1: And then we saw the dip back down here literally
• 3:20
  Speaker 1: to around 3800. That's when people thought Bitcoin was dead.
• 3:24
  Speaker 1: That was after that initial pump. And then we saw that.
• 3:27
  Speaker 1: And then, of course, from there is when the true
• 3:30
  Speaker 1: crypto market began. And I think that's when everything changed. Now,
• 3:34
  Speaker 1: that might be the zone in which.
• 3:36
  Speaker 2: We're in right now.
• 3:37
  Speaker 1: And if you look at where we're holding right now
• 3:40
  Speaker 1: on diesel sales, because this is another major factor, because
• 3:43
  Speaker 1: this puts a lot of pressure on the economy.
• 3:46
  Speaker 2: U.S.
• 3:46
  Speaker 1: Diesel sales price continue to skyrocket literally to nosebleed sets.
• 3:51
  Speaker 1: And this impacts the U.S. economy in a very big way.
• 3:56
  Speaker 1: And some of the ways that it impacts the U.S.
• 3:58
  Speaker 2: Economy I'll get to.
• 3:59
  Speaker 1: But the point that I'm getting at here is that
• 4:01
  Speaker 1: Trump is now talking about banning U.S.
• 4:04
  Speaker 2: Diesel exports. Now, this is a big deal. because if
• 4:07
  Speaker 2: the U.S.
• 4:08
  Speaker 1: Bans exports to mainly preserve it for its own operations,
• 4:12
  Speaker 1: this starts to affect the global economy in a very,
• 4:16
  Speaker 1: very big way. Record diesel prices now are putting U.S.
• 4:20
  Speaker 1: farmers on alert. Trump, of course, is backing the export
• 4:23
  Speaker 1: ban to say, hey, we're going to keep it at home.
• 4:26
  Speaker 1: So that's the essential issue that is facing the energy
• 4:29
  Speaker 1: markets right now, and it's getting worse. And remember that
• 4:32
  Speaker 1: this takes a long time to correct. If you just
• 4:35
  Speaker 1: look at the flow of of some of these imports
• 4:39
  Speaker 1: that we get in terms of energy, much less if
• 4:41
  Speaker 1: we get an opening. The problem is it takes so
• 4:44
  Speaker 1: long to get this back into the pipeline. So understand
• 4:48
  Speaker 1: there's a lot in the works right now. Diesel at
• 4:51
  Speaker 1: 657 in Iowa. Why doesn't President Trump put an embargo
• 4:55
  Speaker 1: on diesel exports, which is what they're talking about, like
• 4:58
  Speaker 1: in the 70s where we put embargoes on ag products
• 5:01
  Speaker 1: because of food prices were inflated. This, of course, is
• 5:04
  Speaker 1: where Chuck Grassley is getting to Chuck Grassley, of course,
• 5:07
  Speaker 1: trying to protect the American farmers. And I think this
• 5:11
  Speaker 1: is the point that we are going to see. Now,
• 5:14
  Speaker 1: how does this all play into crypto? When you look
• 5:16
  Speaker 1: at crypto and you understand the problem with energy, because
• 5:20
  Speaker 1: energy starts to play into the economy, I think more
• 5:24
  Speaker 1: so than any other asset out there, especially on the
• 5:27
  Speaker 1: commodity side. And if this export ban takes place, you
• 5:32
  Speaker 1: now have a massive threat in the European market where.
• 5:36
  Speaker 2: Diesel could just literally go through the roof there.
• 5:39
  Speaker 1: And that changes a lot because assets, or I should
• 5:42
  Speaker 1: say allies, and the fact that we've got commodity prices
• 5:46
  Speaker 1: skyrocketing into a winter is a major problem.
• 5:50
  Speaker 2: So you have U.S.
• 5:52
  Speaker 1: Energy Secretary Chris Wright says diesel export ban would not
• 5:55
  Speaker 1: work and would raise gasoline and jet fuel prices. My
• 5:58
  Speaker 1: guess is we're going to continue to see jet fuel
• 6:01
  Speaker 1: and gas prices rise unless there is a major step
• 6:05
  Speaker 1: back out of Iran. hopefully that might be the case,
• 6:08
  Speaker 1: but right now it does not look as though that
• 6:10
  Speaker 1: is the issue.
• 6:11
  Speaker 2: If you look at.
• 6:12
  Speaker 1: Light crude over a trend line that we've been tracking
• 6:15
  Speaker 1: for some time, this goes all the way back into
• 6:17
  Speaker 1: April of 26 this year, and this downtrend that we saw,
• 6:22
  Speaker 1: and then of course the intersection that we are at
• 6:24
  Speaker 1: right now is the fact that we have broken through,
• 6:27
  Speaker 1: and right now this point is a point of reflection.
• 6:31
  Speaker 1: So either this starts to soften some, or we do
• 6:35
  Speaker 1: see more global macro impact on oil and energy, which
• 6:41
  Speaker 1: pushes this back above $ 100, which, of course, that's bad
• 6:44
  Speaker 1: for the economy in general. So you've got a trucker
• 6:48
  Speaker 1: strike now, potentially. This is October 1st. Signs are spreading
• 6:52
  Speaker 1: now that this is going to happen. I don't know
• 6:54
  Speaker 1: if it will, but if it does, that starts to
• 6:56
  Speaker 1: get into supply chain disruption. And these things, again, are
• 6:59
  Speaker 1: like a domino effect. They start to affect so many
• 7:02
  Speaker 1: other things downstream from it. And it takes a long
• 7:05
  Speaker 1: time for those things to come back. So that is
• 7:07
  Speaker 1: a big concern. And you've got people urging early Thanksgiving
• 7:12
  Speaker 1: travel booking, meaning the air flights are going to continue
• 7:15
  Speaker 1: to skyrocket. So if you're planning to travel, you need
• 7:18
  Speaker 1: to do it now because the prices aren't going to
• 7:20
  Speaker 1: get any better.
• 7:21
  Speaker 2: As we go forward.
• 7:22
  Speaker 1: Even Disney is getting into it almost with pre-inflation. Disney
• 7:27
  Speaker 1: is raising the price of Disney Plus again. So if
• 7:30
  Speaker 1: you're a Disney Plus user, Bye bye. Let's jump to
• 7:33
  Speaker 1: rate hikes real quick because I'm going to show you
• 7:35
  Speaker 1: something here. This was three quarter point hikes at 21
• 7:40
  Speaker 1: percent just holding off a few days ago. That, of course,
• 7:43
  Speaker 1: has now spiked to three at 31 percent. And the
• 7:47
  Speaker 1: two basis points, 50 basis points is now dropped down
• 7:51
  Speaker 1: to 56. So it's adjusting down kind of meeting the
• 7:54
  Speaker 1: middle here. I don't know how three rate hikes could
• 7:56
  Speaker 1: occur because one would have to happen at the end
• 7:59
  Speaker 1: of October, right before a midterm election. Most of the time,
• 8:04
  Speaker 1: that has not been the case out of the Fed.
• 8:06
  Speaker 1: They've tried to stay somewhat neutral in terms of politics.
• 8:09
  Speaker 1: This may be a different year, but I think most
• 8:11
  Speaker 1: people are looking at December as being in the next one.
• 8:14
  Speaker 1: Does that mean maybe it's a 50 basis point hike
• 8:17
  Speaker 1: in December?
• 8:17
  Speaker 2: Could be. But what the.
• 8:19
  Speaker 1: Point is, is that we are dealing with a very
• 8:22
  Speaker 1: unstable market as it sets forward, even though that the
• 8:26
  Speaker 1: regular TradFi market, I think, is looking at this as
• 8:29
  Speaker 1: a possible face-ripper. We had a clip on Tom Lee
• 8:32
  Speaker 1: yesterday kind of going in that direction. And right now
• 8:35
  Speaker 1: you have the Senate absolutely demolished because it looks as
• 8:39
  Speaker 1: though the Democrats are going to take both the House
• 8:42
  Speaker 1: and the Senate. This simply means absolute destruction in anything
• 8:47
  Speaker 1: that Trump has done that has been House and Senate controlled.
• 8:51
  Speaker 1: And let me explain on that. This is an example
• 8:53
  Speaker 1: of the SEC and the CFTC. Six of 10 seats
• 8:58
  Speaker 1: right now are empty. With the SEC and the CFTC,
• 9:01
  Speaker 1: you've got Hester Pierce leaving in November. That's going to
• 9:04
  Speaker 1: open that one up. Then, of course, you have Mark
• 9:06
  Speaker 1: Ueda and Paul Atkins kind of holding it. This could
• 9:09
  Speaker 1: be a position where the new administration, in terms of
• 9:13
  Speaker 1: House and Senate, start to populate the SEC again. And
• 9:17
  Speaker 1: look at the CFTC. Same situation here. We are dealing
• 9:22
  Speaker 1: now where two of these must go to a Democrat.
• 9:25
  Speaker 1: This is a must be in terms of the negotiations
• 9:28
  Speaker 1: that they've got.
• 9:29
  Speaker 3: So, all right.
• 9:29
  Speaker 2: So what that boils.
• 9:30
  Speaker 1: Down to is no more smooth sailing after midterms. This
• 9:34
  Speaker 1: is going to be a constant situation of negotiation and
• 9:37
  Speaker 1: trying to get these seats filled.
• 9:39
  Speaker 2: So we're not going to have.
• 9:40
  Speaker 1: These quick movements coming out of the CFTC and the SEC. Granted,
• 9:45
  Speaker 1: they've moved pretty quickly so far that it's kind of
• 9:47
  Speaker 1: set the market on fire. But I think they are
• 9:50
  Speaker 1: up against a big, big challenge moving forward of being
• 9:54
  Speaker 1: able to continue on this. Now, let's not forget the
• 9:57
  Speaker 1: biggest nemesis of crypto forever.
• 10:00
  Speaker 2: I still believe. Well, between Senator.
• 10:03
  Speaker 1: Warren and Gary Gensler, I'm not sure who I would
• 10:06
  Speaker 1: weigh in as the biggest nemesis, but Gensler could make
• 10:09
  Speaker 1: a return here.
• 10:11
  Speaker 2: It's very possible. But hey, he's doing a podcast now.
• 10:14
  Speaker 2: He's got 4.5 stars.
• 10:16
  Speaker 1: He's coming along here. People like it. I think you
• 10:19
  Speaker 1: should stick to podcasting. Now let's jump over to prediction
• 10:22
  Speaker 1: markets because this, of course, has been a little bit
• 10:24
  Speaker 1: of drama out there in the land of X. And
• 10:27
  Speaker 1: this was in reference to Cauchy employees talking about volume
• 10:31
  Speaker 1: in general. Benny came back in on the research of this.
• 10:35
  Speaker 1: Probably the single worst hit piece ever written about Cauchy
• 10:38
  Speaker 1: went out to the Wall Street Journal. This, of course,
• 10:41
  Speaker 1: was opted in. And the beautiful part of this was
• 10:45
  Speaker 1: what happened afterward. And that is that Elizabeth Warren has
• 10:48
  Speaker 1: now urged Tim Scott, the chair, to do a public
• 10:52
  Speaker 1: hearing on prediction markets. And the likelihood is it could be, again,
• 10:56
  Speaker 1: in the front of almost everything that's happening in D.C.,
• 11:00
  Speaker 1: which could put a lot of pressure on the markets
• 11:02
  Speaker 1: in general. Let's jump over to next month, possibly another
• 11:07
  Speaker 1: major month going forward in October, because you have the
• 11:10
  Speaker 1: launch of the DTCC. That's, of course, being on the
• 11:13
  Speaker 1: Canton network. This can go two ways. One way, and
• 11:16
  Speaker 1: I think both are bearish. One way, it's a success
• 11:20
  Speaker 1: and it takes away from the crypto market. If it's
• 11:24
  Speaker 1: not a success, that's also, I think, bearish because at
• 11:27
  Speaker 1: that point, most likely you're going to see some sort
• 11:30
  Speaker 1: of regulatory moat or moat development around the DTCC, which
• 11:34
  Speaker 1: would be bad for crypto and I think the markets
• 11:37
  Speaker 1: in general. So play it either way. That's the way
• 11:40
  Speaker 1: it could be coming at you. Now, I know you're
• 11:42
  Speaker 1: not going to like this video and I get that.
• 11:44
  Speaker 1: No thumbs down, please, guys. The point is, is we're
• 11:46
  Speaker 1: trying to give you the bear watch thesis of how
• 11:50
  Speaker 1: to understand what's going on. You have Bernie Sanders now
• 11:54
  Speaker 1: unofficially unveiling a ban on artificial superintelligence. This is part of,
• 12:00
  Speaker 1: I think, something even greater because this could put a
• 12:03
  Speaker 1: lot of pressure on what's happening within the deal with China.
• 12:07
  Speaker 1: China Xi is set to visit here next week with
• 12:11
  Speaker 1: President Trump. And I think that is going to start
• 12:14
  Speaker 1: to play out into how we go forward, both either
• 12:17
  Speaker 1: on a partnership, but especially in the AI race. You've
• 12:21
  Speaker 1: got Anthropic, which is planning to launch its IPO in November.
• 12:24
  Speaker 1: Interesting timing, despite after these AI concerns, it's all coming in.
• 12:29
  Speaker 1: And remember, this is set for a $ 2 trillion valuation.
• 12:33
  Speaker 1: One thing to remember too, I'm going to go back
• 12:35
  Speaker 1: to this tweet real quick. One thing to remember, this
• 12:37
  Speaker 1: $ 2 trillion valuation has a lot of similarities to SpaceX.
• 12:40
  Speaker 1: And remember, when SpaceX launched along with SK Hynix and CXMT,
• 12:45
  Speaker 1: many of those other chip-oriented stocks that were both outside
• 12:51
  Speaker 1: the U.S.
• 12:52
  Speaker 2: And within the U.S. took away from the crypto markets.
• 12:54
  Speaker 1: That's where most of the liquidity started to flow. So
• 12:57
  Speaker 1: that could be another devastating blow to crypto and this
• 13:00
  Speaker 1: current bull run that some people are anticipating that we
• 13:03
  Speaker 1: are in. Let me go to a poll real quick
• 13:05
  Speaker 1: because this kind of showcases something around where the mindset is.
• 13:10
  Speaker 1: And Ansem, one of the degens of degens, he put
• 13:14
  Speaker 1: this poll up. And if you look at where the
• 13:16
  Speaker 1: degens most likely center around when we do see AI moving,
• 13:22
  Speaker 1: you've got Claude as the number one consumer AI product.
• 13:25
  Speaker 1: So that means it's going to be the most mainstream
• 13:28
  Speaker 1: which means it could correlate to the most trading activity
• 13:31
  Speaker 1: around that ecosystem, whether it's tokenized, memes, you name it.
• 13:36
  Speaker 1: All of that could be leaning into clots. So that's
• 13:38
  Speaker 1: another factor to consider, guys. I want to play a
• 13:41
  Speaker 1: clip for you because this gets into probably the worst
• 13:46
  Speaker 1: situation that could be occurring in crypto right now, and
• 13:49
  Speaker 1: that is crypto taxes.
• 13:51
  Speaker 2: Take a look.
• 13:52
  Speaker 4: The bill is called the Digital Asset Tax Certainty Act.
• 13:56
  Speaker 4: The wash sale rule would begin to apply to crypto.
• 14:00
  Speaker 4: Under current law, you can sell a coin at a loss,
• 14:04
  Speaker 4: claim the loss, and buy back the same coin right back.
• 14:08
  Speaker 4: Under this bill, if you buy the same coin or
• 14:11
  Speaker 4: anything substantially identical to it within 30 days before or
• 14:16
  Speaker 4: after the sale, you wouldn't be able to claim the
• 14:18
  Speaker 4: capital loss on your taxes. It washes out. So buying
• 14:22
  Speaker 4: a coffee with Bitcoin still would be a taxable event.
• 14:25
  Speaker 4: Staking didn't get its break. A separate staking bill introduced
• 14:30
  Speaker 4: in June would have let stakers wait to pay tax
• 14:33
  Speaker 4: on their rewards until they sell. That change did not
• 14:37
  Speaker 4: make it into this bill. So staking rewards would still
• 14:40
  Speaker 4: be taxed as income when you receive them. If the
• 14:44
  Speaker 4: House of Representatives passes it, It would still need to
• 14:47
  Speaker 4: pass the Senate and then be signed by the president.
• 14:50
  Speaker 4: And the House has already left Washington and isn't scheduled
• 14:53
  Speaker 4: to vote again until the November election. So we have
• 14:57
  Speaker 4: some time to wait. And this rule would apply to
• 14:59
  Speaker 4: sales made after September 14th, 2026. So if the bill
• 15:05
  Speaker 4: were ever to become law as written, it would actually
• 15:08
  Speaker 4: cover sales that you make today.
• 15:10
  Speaker 3: All right.
• 15:10
  Speaker 1: So you can see that there are issues there. that
• 15:14
  Speaker 1: are rolling through Congress right now.
• 15:15
  Speaker 2: This could affect crypto in.
• 15:17
  Speaker 1: A big, I think the wash sale rule is going
• 15:19
  Speaker 1: to be one of the biggest, and this will affect
• 15:21
  Speaker 1: how people play the crypto markets in general. Now there's
• 15:24
  Speaker 1: a handful of things in there that might work. We're
• 15:26
  Speaker 1: going to try to get David Kramer, who was the
• 15:28
  Speaker 1: clip we just played on the show to kind of
• 15:30
  Speaker 1: break this down because the likelihood of this getting through,
• 15:33
  Speaker 1: if they're able to get veto power in the house
• 15:36
  Speaker 1: and the Senate could be real.
• 15:38
  Speaker 2: So be on the lookout for that as well.
• 15:41
  Speaker 1: The biggest situation that could be brewing is quantum. And
• 15:45
  Speaker 1: quantum is setting right now at one year. This is
• 15:48
  Speaker 1: the new quantum clock. And I just want to say
• 15:50
  Speaker 1: something about this clock. It actually moves hyperactively, meaning it
• 15:56
  Speaker 1: actually jumps. So this isn't a real one year and
• 15:59
  Speaker 1: five months. This could accelerate as technology is accelerating. Obviously,
• 16:04
  Speaker 1: threat being already in place. We're already seeing chatbots actually
• 16:09
  Speaker 1: capable of breaking wallets today. The real question, this going
• 16:13
  Speaker 1: back to more of a doomsday event that could become
• 16:17
  Speaker 1: much bigger and much worse than I think a lot
• 16:19
  Speaker 1: of people are anticipating or prepared for. And let's take
• 16:23
  Speaker 1: a look at this because this is another bad thing
• 16:25
  Speaker 1: for Bitcoin. Bitcoin wallet awakens 14 years after Satoshi Nakamoto era.
• 16:30
  Speaker 1: This is a long dorm of Bitcoin wallet has moved
• 16:32
  Speaker 1: 100 Bitcoin after remaining untouched. for more than 14 years. Now,
• 16:36
  Speaker 1: either one, this Satoshi era wallet just decided to go
• 16:43
  Speaker 1: out and sell at 85K, or has it already been circumvented?
• 16:47
  Speaker 1: Has it already been hacked and it's just trying to
• 16:49
  Speaker 1: figure out a way, meaning these agents, and what we're
• 16:52
  Speaker 1: going to see within just AI integration around blockchain breaking
• 16:58
  Speaker 1: of many of these wallets? Is that just a matter
• 17:00
  Speaker 1: of time? So that's one to watch as well. Last up,
• 17:03
  Speaker 1: of course, is this right here. You've got Vitalik, who's
• 17:06
  Speaker 1: putting some pressure on none other than Vladimir Putin.
• 17:11
  Speaker 2: And here's the statement.
• 17:12
  Speaker 1: The goal is not to literally get Putin politely step
• 17:15
  Speaker 1: off his chair. The election is, of course, manipulated to hell.
• 17:19
  Speaker 1: This is, if you guys don't know, the elections happened
• 17:22
  Speaker 1: in Russia.
• 17:23
  Speaker 2: Very heavy on Putin.
• 17:25
  Speaker 1: Pro-war veterans that were put in place in what is
• 17:29
  Speaker 1: kind of like our House and Senate. And Vitalik goes
• 17:32
  Speaker 1: on to say, rather than the realistic goal is to
• 17:35
  Speaker 1: delegitimize the regime as much as possible, denying an internal cohesion,
• 17:42
  Speaker 1: it needs to pursue the total war path, which is
• 17:45
  Speaker 1: kind of where Russia, and I think to a certain extent,
• 17:47
  Speaker 1: some of Europe is already on. That's another concern that
• 17:51
  Speaker 1: That puts a lot of weight on the global market.
• 17:54
  Speaker 1: But the other issue here is Vitalik is taking on Putin.
• 18:00
  Speaker 1: This is a different level of challenges, especially when you
• 18:05
  Speaker 1: look at this.
• 18:06
  Speaker 2: So, all right.
• 18:06
  Speaker 1: So when, as we do this video, yes, it's a
• 18:09
  Speaker 1: bearish video in the sense of, we want you to
• 18:12
  Speaker 1: be aware of these kinds of things. I'm still very
• 18:14
  Speaker 1: bullish on the market in general. And I see there's
• 18:17
  Speaker 1: a lot of opportunities, more opportunities on the upside than
• 18:19
  Speaker 1: there are on the negative side, but these could potentially
• 18:23
  Speaker 1: trigger black swans. These kinds of things can create domino effects.
• 18:27
  Speaker 1: You always have to be prepared. We'll cover more on this,
• 18:30
  Speaker 1: so stay tuned. If you liked this video, hit like
• 18:39
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• 18:42
  Speaker 1: our free private member group.
• 18:44
  Speaker 2: The link is in the description.