Latest / The Paul Barron Crypto Show / Jerome Powell Under Attack!🚨Crypto Market Update

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Jerome Powell Under Attack!🚨Crypto Market Update · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Fed chair Pale continues to face a lot of criticism
• 0:10
  Speaker 1: and maybe a restraining order. Today, we'll break it down
• 0:12
  Speaker 1: for you. My name is Paul Barren. Welcome back into
• 0:14
  Speaker 1: the show. Let's get started. I do want to thank
• 0:16
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• 0:52
  Speaker 1: Let's go over. I want to lead with a clip today.
• 0:55
  Speaker 1: This one is Kramer kind of having some fun.
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  Speaker 2: Take a look, and I think any of these guys
• 1:01
  Speaker 2: would say, is look the customers wanted.
• 1:03
  Speaker 3: He didn't think there was any real demand for it.
• 1:05
  Speaker 2: But I mean people want to trade.
• 1:07
  Speaker 3: I think people want to own some as a hedge
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  Speaker 3: against the thirty seven eight trillion dollars.
• 1:13
  Speaker 2: They want to own a debt. They want to own
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  Speaker 2: it for their kids.
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  Speaker 4: And you know who else feels that way me?
• 1:19
  Speaker 5: I don't want that debt my kids.
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  Speaker 2: I'm worried about my kids. I think maybe that's the
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  Speaker 2: thing to do. How do you buy your bitcoin?
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  Speaker 6: Though? If you buy it for the ets, what do
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  Speaker 6: you want to own it directly?
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  Speaker 3: I mean, you know, we're allowed to own that.
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  Speaker 6: I think that if their worst financial crisis, bitcoin would
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  Speaker 6: hold up.
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  Speaker 1: Yes, that it is, Yes, Michael Sailor fan, it's a
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  Speaker 1: proxy for risk for risk.
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  Speaker 4: No, I think it's just a nice head.
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  Speaker 1: All right there. It is crypto Kramer finally coming around,
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  Speaker 1: and with that the markets took a little bit of
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  Speaker 1: tumb in typical fashion, almost going anti crypto. I think
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  Speaker 1: when you're betting on Kramer. I want to get on
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  Speaker 1: to another point here. This is Matt Hogan talking about
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  Speaker 1: you know, people in trad fi right now. It kind
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  Speaker 1: of he looks at the current financial system and he
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  Speaker 1: looks at the opportunities that are out there and many
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  Speaker 1: people who have basically missed this because it kind of,
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  Speaker 1: you know, spurred off of this statement from Alison Schreger
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  Speaker 1: because she's changed her mind about crypto. So now exposure
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  Speaker 1: is coming in. But in many cases it's a lot
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  Speaker 1: of the trad FI guys that have should be running
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  Speaker 1: ahead of the market but are not. And of course
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  Speaker 1: Matt's kind of hitting on that very point. Other things
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  Speaker 1: that are happening with Fed Chair Powell, of course, you've
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  Speaker 1: got President Trump visiting the Federal Reserve and here it
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  Speaker 1: is right here, he's going to take a look on
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  Speaker 1: his two point five billion dollar renovations apparently in the building.
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  Speaker 1: So interesting statements right now. Interesting that Powell attempted to
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  Speaker 1: block the White House staff from visiting, so Trump decided
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  Speaker 1: to go over and take a look himself. I don't
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  Speaker 1: know whether this is going to play out, but it
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  Speaker 1: does not look good for either party. It looks bad
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  Speaker 1: on the President, looks bad on Pwell, it's an issue
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  Speaker 1: right now that of course continues to face. Well, you
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  Speaker 1: have another person being called into action to go after Powell,
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  Speaker 1: and that of course is Commerce Secretary Howard Lutnink, who
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  Speaker 1: calls for Joe Powell's resignation as well. This is like
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  Speaker 1: I think the fourth person. It's been Polte, it's been Vesent,
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  Speaker 1: it has been Jdie Vance, and now of course Howard Lutnink.
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  Speaker 1: So the pressure is on in a big way. Four
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  Speaker 1: rate cuts. The question is will they happen. Well, here's
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  Speaker 1: the July meeting, very low percentage at four percent. September
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  Speaker 1: a little higher at fifty four percent. I think that's
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  Speaker 1: the date October sixty nine, and all the way in December,
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  Speaker 1: which would be devastating I think for retail commerce at
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  Speaker 1: eighty three percent. Let me know in the comments what
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  Speaker 1: you guys think is going to happen in the near term.
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  Speaker 1: I want to go back over to the topic of
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  Speaker 1: the show today, which is a restraining order potential. Here's
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  Speaker 1: a clip to kind of explain it.
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  Speaker 7: Take a look, and we are asking a federal judge
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  Speaker 7: to immediately block next week's Fedle Reserve meeting from happening
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  Speaker 7: behind closed door. Azuri is deeply concerned that the FMC
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  Speaker 7: under Truman Powell is maintaining high interest rates to undermine
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  Speaker 7: President Donald J.
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  Speaker 5: Trump.
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  Speaker 7: Well, they always have meetings behind closed doors. So this
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  Speaker 7: meeting next week is no different than any other meetings, though.
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  Speaker 3: Well, the fact of the matter is the fact that
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  Speaker 3: they've always broken the law does not excuse them from
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  Speaker 3: breaking the law. I'm confident, Maria, the court will side
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  Speaker 3: with our arguments. We are prepared to immediately appeal any
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  Speaker 3: decision and if necessary, ask the Supreme Court to intervene
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  Speaker 3: before next Tuesday's meeting.
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  Speaker 1: Sometimes I think even Fox goes maybe a little too far.
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  Speaker 1: I remember, this is dose dividend guy that kind of
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  Speaker 1: came onto the scene, got a lot of credibility and
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  Speaker 1: touting from both sides, and of course he's continuing to
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  Speaker 1: kind of go in this direction. I don't think this
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  Speaker 1: is going to happen, but I do think we're going
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  Speaker 1: to continue to see other things happening in the market.
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  Speaker 1: One of the things that has played out is recent
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  Speaker 1: pressure on Chinese companies, and this of course is JP Morgan,
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  Speaker 1: b of A leaders all have been subpoena but the
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  Speaker 1: US lawmakers over the Cattle IPO. This is a Chinese
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  Speaker 1: company that they're talking about, basically Dbanking, and the whole
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  Speaker 1: concept here is there's a lot of Chinese companies listed
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  Speaker 1: on the New York Stock New York Stocks change that
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  Speaker 1: now potentially could be at risk. So if that is
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  Speaker 1: the case, you have to also think about what's next
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  Speaker 1: up for the biggest Chinese company, at least in the press,
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  Speaker 1: and that is TikTok. Where are we on that, Well,
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  Speaker 1: here is Howard Luttnig breaking it down.
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  Speaker 5: Take a look, right, it's got to come out of
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  Speaker 5: Chinese control. Right, We've made the decision. You can't have
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  Speaker 5: Chinese control and have something on one hundred million American
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  Speaker 5: phones that that's just not that's just not okay. Americans
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  Speaker 5: will have control, Americans will own the technology, Americans will
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  Speaker 5: control the algorithm. That's something Donald Trump is willing to do.
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  Speaker 5: If that deal gets approved then by the Chinese, then
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  Speaker 5: that deal will happen. If they don't approve it, then
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  Speaker 5: TikTok is going to go dark. And those decisions are
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  Speaker 5: coming very soon. So let's see what the Chinese do.
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  Speaker 5: They've got to approve it. Is it's part of the
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  Speaker 5: overall trade talks with China. Well, yes, and no, I
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  Speaker 5: would say it's not really part of the trade talks.
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  Speaker 5: But you can't really go meet somebody and not bring
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  Speaker 5: up the topics that are elegant.
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  Speaker 1: All right, So you can see the pressure is on.
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  Speaker 1: I will say this, we have a theory about how
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  Speaker 1: this is going to play out. It is involved in crypto.
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  Speaker 1: We're going to break it down for you guys on
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  Speaker 1: another show. But it continues to look at the strength
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  Speaker 1: of TikTok being a pivotal company and also service for
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  Speaker 1: social and how it's going to tie into crypto in
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  Speaker 1: the very near future. Other things that are happening in
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  Speaker 1: the market right now, of course, is Bank of America
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  Speaker 1: just announced many banks are preparing to introduce crypto stable coins.
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  Speaker 1: This is something we've known has been coming with the
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  Speaker 1: likelihood of genius acketing past. Now that's through. I think
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  Speaker 1: we are in the phase of banks starting to really
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  Speaker 1: accelerate their stable coin activity as well as their crypto activities.
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  Speaker 1: P and C just announced cryptoactivities now by and sell
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  Speaker 1: within the banking ecosystem. We haven't seen it become come
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  Speaker 1: to free just yet, but I think it's coming very quickly.
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  Speaker 1: I want to go to a clip that kind of
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  Speaker 1: goes into how private and public companies could also start
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  Speaker 1: to converge on the blockchain, and this is coming in
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  Speaker 1: from the nastaq seo. Take a look, do.
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  Speaker 2: You think long term, if this private market develops in
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  Speaker 2: this way that people are describing, where more people have
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  Speaker 2: access to the private market, that the public and private
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  Speaker 2: markets converge, if you will, meaning the private guys are
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  Speaker 2: going to be disclosing a lot more. It's going to
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  Speaker 2: start to look a little bit more like the public market.
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  Speaker 2: Or do you think that they diverge and that there's
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  Speaker 2: sort of two very different worlds, a very public market
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  Speaker 2: and this sort of private market that's maybe more opaque,
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  Speaker 2: but people are willing to take that risk, and somehow
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  Speaker 2: this administration or other governments decide that that's okay.
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  Speaker 4: Well, I personally think my personal view is that it's
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  Speaker 4: more likely to converge because at the end of the day,
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  Speaker 4: as I said, let's start with the investor experience. So,
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  Speaker 4: for instance, we have tape D, which is an as
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  Speaker 4: a private market does facility t hate private company transactions,
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  Speaker 4: And we have created a tape with the Nazak Private
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  Speaker 4: market to allow you to have some transparency on the
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  Speaker 4: prices that are being discovered in the private markets, to
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  Speaker 4: give investors better disclosures. So that's directly competing with all
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  Speaker 4: of these new companies that are talking about the tokenization
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  Speaker 4: and I mean I well, actually the Nazak private market,
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  Speaker 4: we do it in connection with the company, so we
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  Speaker 4: don't We always are working with the companies to allow
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  Speaker 4: that transparency and that integra that liquidity do occur, So
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  Speaker 4: that is kind of a different way to approach the problem.
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  Speaker 4: And those are for credited investors.
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  Speaker 1: This is so crazy that we have the nasa Q
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  Speaker 1: CEO talking about this because this is the kind of
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  Speaker 1: the evolution of maybe where financial markets are going to go.
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  Speaker 1: And it's interesting because this is a good statement right here.
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  Speaker 1: If we're totally cool people trading equity in private companies,
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  Speaker 1: Remember you're probably a private company holder. If you're watching this,
• 8:51
  Speaker 1: you're trying to research. Do I take you know something
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  Speaker 1: I'm doing on chain. If all of this starts to
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  Speaker 1: happen where private and public start to converge, like what
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  Speaker 1: the of Nastak is alluding to, this could be the
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  Speaker 1: death of IPOs. And the interesting point is all of
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  Speaker 1: this tokenization, and this has been said by Blackrock, now
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  Speaker 1: by JP Morgan, everything will be tokenized if it can be.
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  Speaker 1: And of course I think that is the future of
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  Speaker 1: why crypto and why tokenized assets are the future of investing.
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  Speaker 1: So pay attention, guys, all of this is happening right now.
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  Speaker 1: I guess what Goldman, Sachson, b and y Mellon are
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  Speaker 1: enabling institutional investors to purchase tokenize money market funds. This
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  Speaker 1: is something that is even more crazy because it's starting
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  Speaker 1: to expose traditional investors into tokenized assets, especially a money market,
• 9:38
  Speaker 1: which all it's going to do is create more and
• 9:41
  Speaker 1: more demand into what's happening in the crypto markets. If you, guys,
• 9:44
  Speaker 1: are the right place at the right time, I'm telling
• 9:47
  Speaker 1: you there's so much innovation coming down the pipe as
• 9:50
  Speaker 1: we start to see more clarity. Let's jump to back
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  Speaker 1: onto General Pala a little bit, and this is Mike
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  Speaker 1: Novograts talking about where he thinks this might turn out.
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  Speaker 1: Take a look.
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  Speaker 2: I could make an argument to you right now without
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  Speaker 2: having the name of the next FED chairman, that we
• 10:05
  Speaker 2: already have a shadow FED chair that we know come
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  Speaker 2: May of twenty twenty six, there will be a different
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  Speaker 2: individual in that seat who is likely, very likely, highly
• 10:18
  Speaker 2: likely to push for lower interest rates. Now, the question
• 10:22
  Speaker 2: is will that person, unto themselves, be able to do that.
• 10:25
  Speaker 2: I think that's an open question. What do you think I.
• 10:27
  Speaker 6: Think you're right, and I think that's why gold is
• 10:29
  Speaker 6: breaking up to new highs, Silver's breaking act to the highs.
• 10:32
  Speaker 6: Bitcoin is on a tear right, the yield curve is steep,
• 10:35
  Speaker 6: the inflation trades are working, they're going to continue to work.
• 10:38
  Speaker 6: And I'll guess what. We now have China joining the
• 10:41
  Speaker 6: party with probably in my career, the biggest effort they've
• 10:46
  Speaker 6: ever had at reflation. They've actually now made it part
• 10:49
  Speaker 6: of monetary policy to reflate.
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  Speaker 1: So when Novgretz was talking about, right, there is market expectations,
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  Speaker 1: and I think we are already at that state with
• 10:58
  Speaker 1: all these markets starting to at all time highs, whether
• 11:01
  Speaker 1: it's gold, d s and P five hundred, obviously, bitcoin ethereum,
• 11:04
  Speaker 1: et cetera. All this playing into where the chair is going.
• 11:08
  Speaker 1: So if you look at this polymarket right here, this
• 11:11
  Speaker 1: of course is whether or not the FED chair would
• 11:13
  Speaker 1: be out in twenty twenty five. Now remember this was
• 11:15
  Speaker 1: almost like nothing a little bit time ago, just in June.
• 11:18
  Speaker 1: All right, now it has started to climb up, went
• 11:21
  Speaker 1: up to as high as what was that twenty four percent.
• 11:24
  Speaker 1: Now we're hovering around twenty percent. Again, a lot of
• 11:27
  Speaker 1: pressure from DC if this happens before the next few
• 11:30
  Speaker 1: FMC meetings. Yes, most likely. I think we're going to
• 11:32
  Speaker 1: see some rate cuts this year, even though we still
• 11:35
  Speaker 1: have a lot of people pointing in the other direction.
• 11:36
  Speaker 1: Last point that Mike Novigrat's made is based on heath
• 11:41
  Speaker 1: Listen to this.
• 11:43
  Speaker 6: The main driver right now is this plethora of balance
• 11:47
  Speaker 6: sheet companies right micro strategy lookalikes that are showing up
• 11:52
  Speaker 6: not just in bitcoin, but in crypto across the board.
• 11:56
  Speaker 6: You know, ETFs were a pretty darn good way to
• 11:58
  Speaker 6: get exposure. There are some cryptos where staking and DeFi
• 12:04
  Speaker 6: and on Shane yield will enhance that that that total
• 12:08
  Speaker 6: total performance over time, and so it's the rage, and
• 12:12
  Speaker 6: that's brought in at least twenty billion dollars of new
• 12:14
  Speaker 6: money right now.
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  Speaker 2: If you could buy ether bitcoin, which do you buy?
• 12:17
  Speaker 6: Yeah, I own both. Listen. Ethers caught up a lot.
• 12:21
  Speaker 6: It feels like if Eth takes out four thousand, it
• 12:24
  Speaker 6: goes into price discovery, and so we feel kind of
• 12:27
  Speaker 6: destined to at least knock on the four thousand sealing
• 12:30
  Speaker 6: a few times. The narrative of Ether is really powerful
• 12:34
  Speaker 6: in the market, was really short and now we have
• 12:37
  Speaker 6: not not just you know, one we have two major
• 12:40
  Speaker 6: eth treasury companies and another one coming, you know, and
• 12:43
  Speaker 6: they're raising capital every day and buying Ether, and so
• 12:47
  Speaker 6: there's not a lot of supply of Eth, and so
• 12:50
  Speaker 6: I think ETH probably has a chance to outperform Bitcoin
• 12:52
  Speaker 6: in the next three to six months.
• 12:55
  Speaker 1: All right, outperforming Bitcoin. You look at the eth et
• 12:57
  Speaker 1: s inflow exploding spot eqs right now, net inflow fiber
• 13:01
  Speaker 1: thirty three mili. This was on Tuesday, fourth highest record.
• 13:05
  Speaker 1: And again you look at the all time high of
• 13:08
  Speaker 1: this along with thirteen consecutive days of inflow. This is
• 13:11
  Speaker 1: continued pressure. And what Novograss was talking about is all
• 13:13
  Speaker 1: these treasury companies starting to come into the market, and
• 13:17
  Speaker 1: when these are not slouches. Now we're starting to see
• 13:19
  Speaker 1: major treasury companies, the Ether machine coming in. If you
• 13:23
  Speaker 1: look at this right here, ethtf's now seeing inflows at
• 13:26
  Speaker 1: thirteen consecutive days. This is four billion, guys, that's the
• 13:29
  Speaker 1: number I wanted to show you, four billion. Pay attention
• 13:33
  Speaker 1: right now. It is still as Novograts was saying, ETH
• 13:36
  Speaker 1: was underperforming and is finally in a position now where
• 13:39
  Speaker 1: it may actually start to break out. If you're not
• 13:42
  Speaker 1: following that, you should be following us and do it
• 13:45
  Speaker 1: over on the Diamond Circle. And the way to do
• 13:48
  Speaker 1: that is just click the link down below. You guys
• 13:50
  Speaker 1: can be part of our newsletter. Tons of people over there,
• 13:52
  Speaker 1: and it's a great place to get additional research. Follow
• 13:54
  Speaker 1: me on X at Paul Baron. We'll catch you next
• 13:57
  Speaker 1: time right here on the Paul Baron Show.
• 14:01
  Speaker 4: Etting Et