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$4 BILLION Incoming!🚀 l Ethereum Record Breaking August🤯 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's talk about Ethereum's record breaking August what this means
• 0:03
  Speaker 1: could mean for the token, and also get into a
• 0:06
  Speaker 1: ton more. Don't miss it today. My name is Small Barren.
• 0:08
  Speaker 1: Welcome back into the show. Let's get started, and I
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• 1:00
  Speaker 1: let's get into a couple of points I want to
• 1:02
  Speaker 1: start off with, and the big one, of course is
• 1:04
  Speaker 1: ETFs now on track for a four billion dollar August
• 1:09
  Speaker 1: inflows while bitcoin funds face outflows. So we are seeing
• 1:13
  Speaker 1: a full on rotation as many are starting to move
• 1:17
  Speaker 1: more frequently into big or excuse me, into ethereum over bitcoin.
• 1:21
  Speaker 1: And what this means is that maybe this is the
• 1:25
  Speaker 1: flight that bitcoin and ethereum have been looking for, because
• 1:29
  Speaker 1: typically what happens after a Bitcoin high is we get
• 1:32
  Speaker 1: that rotation into ethereumy at least in the past.
• 1:35
  Speaker 2: So I want to go to a.
• 1:36
  Speaker 1: Clip real quick, because this is Tom Lee kind of
• 1:38
  Speaker 1: talking about this time it might be a little different.
• 1:41
  Speaker 3: Take a look, yeah, and is there anything that you
• 1:43
  Speaker 3: see in your research, Tom, that would imply that this
• 1:46
  Speaker 3: momentum trade, if it is indeed a momentum trade, is
• 1:50
  Speaker 3: going to end anytime soon.
• 1:53
  Speaker 4: We don't we You know, for instance, if we take
• 1:56
  Speaker 4: AI as a thought and we let's say, overlay something
• 2:00
  Speaker 4: like the exponential growth of the wireless industry that was
• 2:03
  Speaker 4: a twenty year period when the number of users went
• 2:06
  Speaker 4: from thirty seven million subscribers to seven billion, you know,
• 2:10
  Speaker 4: we don't have seven billion chat GBT users, and we
• 2:13
  Speaker 4: don't have seven billion robots, so I think IF's not
• 2:17
  Speaker 4: not yet, that's right. And so if someone's trying to
• 2:20
  Speaker 4: bring the bell the top for AI, they're underestimating how
• 2:23
  Speaker 4: quickly penetration grows. We're probably in the first quarter or
• 2:27
  Speaker 4: first third of that cycle. But that's also why AI
• 2:31
  Speaker 4: is going to converge on ethereum or a smart contract
• 2:34
  Speaker 4: because in the future we might have a billion robots
• 2:37
  Speaker 4: getting instructions.
• 2:38
  Speaker 3: We want to make sure so quickly is is bitmine
• 2:41
  Speaker 3: kind of then an AI play.
• 2:43
  Speaker 4: It's a digital infrastructure play because what the company's doing
• 2:47
  Speaker 4: is acquiring ethereum. It's proof of steak, so it's securing
• 2:50
  Speaker 4: the network and in exchange for that, it's going to
• 2:52
  Speaker 4: get a staking yield. But now that you're what they
• 2:56
  Speaker 4: have the power law. Once you get enough ethereum, you
• 2:58
  Speaker 4: can have an influence on the development of the ecosystem.
• 3:01
  Speaker 4: So it's really trying to get at the nineteen seventy
• 3:04
  Speaker 4: one moment of Wall Street.
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  Speaker 1: Okay, interesting that he brought up the power law because
• 3:10
  Speaker 1: that is a phenomenon that has happened in many markets.
• 3:14
  Speaker 1: We've seen the explosion of these markets in the past,
• 3:16
  Speaker 1: and he is right in the sense of, you know
• 3:19
  Speaker 1: what it could be in terms of real world adoption,
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  Speaker 1: I would say that we're not in the first third
• 3:25
  Speaker 1: of the cycle. We might be in the first maybe
• 3:28
  Speaker 1: tenth of that, especially around what is happening with ethereum
• 3:32
  Speaker 1: in general. Now, he goes on to talk about the
• 3:35
  Speaker 1: nineteen seventy one moment and that eth is now entering
• 3:39
  Speaker 1: that I'll explain here in a second.
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  Speaker 4: Take a look in nineteen seventy one that the dollar
• 3:44
  Speaker 4: went off the gold standard. So in nineteen seventy one,
• 3:47
  Speaker 4: the dollar became synthetic and gold was what people bought
• 3:52
  Speaker 4: as a hedge against that synthetic dollar, So you had
• 3:55
  Speaker 4: gold as the trade and that would be the bitcoin equivalent.
• 4:00
  Speaker 4: But actually the synthetic dollar is what created the rails
• 4:05
  Speaker 4: for Wall Street to build all their future products. The
• 4:07
  Speaker 4: futures curves, derivatives were all because the dollar was a
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  Speaker 4: synthetic product. If the dollar was backed by gold, Wall
• 4:13
  Speaker 4: Street would be still a very small business. Well, Wall
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  Speaker 4: Street now is going to be building its entire infrastructure
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  Speaker 4: onto the blockchain, and the blockchain they're choosing is ethereum.
• 4:25
  Speaker 4: So this is the nineteen seventy one moment where Wall
• 4:28
  Speaker 4: Street is essentially capitalizing on tokenizing the entire world onto
• 4:34
  Speaker 4: a blockchain. That's a huge opportunity.
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  Speaker 1: All right, Again, Tom is he's picking out, cherry picking
• 4:41
  Speaker 1: some of the biggest points that blockchain and in general
• 4:45
  Speaker 1: ethereum really has going forward, and I think he is
• 4:48
  Speaker 1: right there.
• 4:49
  Speaker 2: That is a cycle. However, my argument.
• 4:51
  Speaker 1: Will be this, and that is will they build on
• 4:54
  Speaker 1: Ethereum or will they build on their own chain? Meaning
• 4:58
  Speaker 1: do they get a derivative and start to create the
• 5:00
  Speaker 1: JP mortgage chain. Do we see the black Rock chain,
• 5:02
  Speaker 1: do we see all these different products and services, because
• 5:05
  Speaker 1: we've had and have seen that in a variety of
• 5:09
  Speaker 1: applications and services coming out of Wall Street already.
• 5:11
  Speaker 2: So it is possible.
• 5:13
  Speaker 1: But it's also possible that the early movers could dominate
• 5:17
  Speaker 1: and we may end up with an Ethereum black Rock
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  Speaker 1: that controls a lot of the assets under management. So
• 5:24
  Speaker 1: keep an eye on that. One of the things that
• 5:26
  Speaker 1: will help all of this connect is going to be
• 5:29
  Speaker 1: the control of the stable coin market. And now Tether
• 5:32
  Speaker 1: and Circle control seventy percent of the crypto revenue, and
• 5:36
  Speaker 1: there are some new players and we all know who
• 5:38
  Speaker 1: those are coming from, and that's everything from URLUSD, PYUSD.
• 5:43
  Speaker 2: There's a variety that we will.
• 5:45
  Speaker 1: See, including stable coins that now are going to be
• 5:48
  Speaker 1: built into nation states and also into the banking infrastructure.
• 5:53
  Speaker 1: All of that is not even getting started yet, and
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  Speaker 1: I think that's something that you guys have to think
• 5:57
  Speaker 1: about going forward because it's going to be huge in
• 6:01
  Speaker 1: terms of the bigger picture. Now, let's take a look
• 6:04
  Speaker 1: at ethereum sets on chain activity records and why that
• 6:08
  Speaker 1: is happening. In August, dex volumes hit one hundred and
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  Speaker 1: thirty five billion, transactions, forty eight million, active address fifteen million.
• 6:15
  Speaker 1: Also TVL cross two hundred and forty billions, so over
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  Speaker 1: the last three months, eight rows on ETF inflows despite
• 6:24
  Speaker 1: low on chain activity. So imagine what will happen when
• 6:27
  Speaker 1: we have high on chain activity.
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  Speaker 2: What that will do?
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  Speaker 1: Because remember money managers are looking at where these structures
• 6:33
  Speaker 1: are being built on eth being one of the cores
• 6:35
  Speaker 1: that I think will happen on Wall Street, there's gonna
• 6:37
  Speaker 1: be one of them. There will be other winners, and
• 6:40
  Speaker 1: I think it's still out for question as to what
• 6:43
  Speaker 1: other winners are going to showcase. But this just shows you,
• 6:46
  Speaker 1: the dex volume is just beginning to get going. Here
• 6:49
  Speaker 1: was the supply compared to demand. It's starting to tighten.
• 6:54
  Speaker 1: And if you look at this, for every one ETH
• 6:56
  Speaker 1: that is created, there are thirty five being bought so
• 7:00
  Speaker 1: and locked away. So remember, with ETH, you've got immediate
• 7:05
  Speaker 1: staking options and staking capability, and they're getting more flexible
• 7:09
  Speaker 1: and much more liquid. This I think is going to
• 7:11
  Speaker 1: start to flow into the ETFs.
• 7:12
  Speaker 2: Eventually.
• 7:13
  Speaker 1: What we'll see under market structure is some potential opportunities
• 7:16
  Speaker 1: there around earning yield within these ETFs.
• 7:19
  Speaker 2: I think that's going to happen.
• 7:20
  Speaker 1: And when that starts to happen, now you're just talking
• 7:22
  Speaker 1: about traditional finance starting to djen into yield bearing ETFs
• 7:26
  Speaker 1: or other styles of products out there, including vaults which
• 7:30
  Speaker 1: are essentially staking, you know, traditional stable coins driving all
• 7:35
  Speaker 1: of that in the direction that we're talking about right here,
• 7:38
  Speaker 1: which is the growth of ethereum. Further into this, here's
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  Speaker 1: Miles Glucheri's talking about this crazy chart right here and
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  Speaker 1: is getting into the point that ETH is now flipping
• 7:48
  Speaker 1: bitcoin for treasury company attention and trading volume. Now, this
• 7:52
  Speaker 1: is something that we've talked about here on the show
• 7:55
  Speaker 1: before is that outside of Strategy, there is not been
• 8:01
  Speaker 1: a multitude of companies that have really kind of come
• 8:04
  Speaker 1: on and see Now, there could be a couple of
• 8:06
  Speaker 1: reasons for that. Many people would say Strategy had such
• 8:10
  Speaker 1: a head start nobody could even get close to competing
• 8:14
  Speaker 1: with them. And in fact, Bitcoin treasury companies are flopping
• 8:18
  Speaker 1: left and right. These firms are all fumbling their BTC
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  Speaker 1: bets and when you look at them, and this is
• 8:24
  Speaker 1: just an example of them, Exchange Custodis, Smart Contract. These
• 8:29
  Speaker 1: are entities that are holding and then you get into
• 8:31
  Speaker 1: these publicly facing companies.
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  Speaker 2: Which ares one hundred and seventy eight.
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  Speaker 1: I had no idea there was that many, but this
• 8:37
  Speaker 1: is some of the companies that are out there. And
• 8:38
  Speaker 1: look at the comparison on what we're seeing in terms
• 8:41
  Speaker 1: of their stock versus what you see on master GameStop
• 8:45
  Speaker 1: announces plan to invest in bitcoin, no big movement. Then
• 8:49
  Speaker 1: you had everybody kind of selling the news on that.
• 8:52
  Speaker 1: That's on game Stop. There's Empory Digital also nothing but down.
• 8:57
  Speaker 1: Then you go over here to say Quan's communication. And
• 8:59
  Speaker 1: this is something that is interesting because I had a
• 9:04
  Speaker 1: conversation with Stephen mcclerk from Canary Capital. And his point
• 9:09
  Speaker 1: that he was getting at is that when you're propping
• 9:12
  Speaker 1: these companies up that are failing, whatever companies you know
• 9:15
  Speaker 1: in Thistector, I'm not saying that they're failing, but a
• 9:18
  Speaker 1: communications company now holding you know, bitcoin as as an
• 9:21
  Speaker 1: asset that's trying to get a stock pump on that
• 9:25
  Speaker 1: is that there's no real value there and the money
• 9:28
  Speaker 1: managers sniff that out quickly. So it's very possible we
• 9:31
  Speaker 1: could see a lot more of this transition onto the
• 9:34
  Speaker 1: ETH ETFs and also the ETH Treasury Company. So getting
• 9:39
  Speaker 1: into the ETFs. This is something because once Tom Lee
• 9:43
  Speaker 1: gets to ten billion in ethereum holdings, this changes the
• 9:48
  Speaker 1: dynamic quickly. And this is on his treasure company b
• 9:51
  Speaker 1: M and r so Bitmind Immersion Tech. And the question
• 9:55
  Speaker 1: was why why ten billion? Well there's a good answer
• 9:58
  Speaker 1: right here. Why does it need a ten billion? Because
• 10:00
  Speaker 1: large commercial banks will lend to him at a ten
• 10:02
  Speaker 1: percent margin ratio and they usually only operate in billions,
• 10:07
  Speaker 1: So imagine what this will mean in terms of exponential growth.
• 10:11
  Speaker 1: It's very possible Bitmind could be the new micro strategy.
• 10:16
  Speaker 1: And you know what we're dealing with, Tom Lee, is
• 10:19
  Speaker 1: we could be seeing the birth of the next Michael Saylor.
• 10:21
  Speaker 1: But for Ethereum now, granted Jose Fluben and what we've
• 10:25
  Speaker 1: seen with sharpling gaming, that could be a little bit
• 10:27
  Speaker 1: of a foil in the game because this, I think
• 10:31
  Speaker 1: will also play into it. But again, these are a
• 10:35
  Speaker 1: potential product that could start to cause some problems as
• 10:39
  Speaker 1: we continue to get so big, and I think at
• 10:42
  Speaker 1: that point that if we do get BM and R
• 10:44
  Speaker 1: going at that stay scale, then there is an opportunity
• 10:47
  Speaker 1: for them to maintain. Nvidia is of course the comparison
• 10:53
  Speaker 1: to ETH. This is funny because someone mentioned this the
• 10:55
  Speaker 1: other day and I was talking about Ethereum on Twitter
• 10:58
  Speaker 1: and people go, oh, yeah, you're in your IBM moment,
• 11:01
  Speaker 1: and it's funny. This is exactly what I said, was
• 11:03
  Speaker 1: I think, no, it's more like Nvidia. I agree, ETH
• 11:07
  Speaker 1: is in the Nvidia scale, which is in a hyper
• 11:10
  Speaker 1: scaling position right now based on a market expansion. Think
• 11:15
  Speaker 1: about where Nvidia is a hyper scaling Remember in video
• 11:18
  Speaker 1: was gaming company guys, If you guys don't remember, they
• 11:20
  Speaker 1: weren't an AI company and a chip manufacturer or a
• 11:23
  Speaker 1: car a graphic card manufacturer. They were a gaming company
• 11:27
  Speaker 1: that produced graphics card for gaming machines. When they started
• 11:31
  Speaker 1: to hyper scale into the tool set for AI, we
• 11:35
  Speaker 1: have seen that kind of exponential growth, and that's very possible.
• 11:38
  Speaker 1: You compare eth to the financial ecosystem in the same
• 11:42
  Speaker 1: way they're going to hyper scale, and that's why I
• 11:44
  Speaker 1: think we are going to see the next level up.
• 11:48
  Speaker 1: Here's Tom Lee's predictional where Ethereum could go.
• 11:51
  Speaker 4: Take a look price targets for end of year for
• 11:54
  Speaker 4: Ethereum and the S and P five hundred and your
• 11:56
  Speaker 4: logic for those two. Yeah, I think Ethereum, you know,
• 12:00
  Speaker 4: and then in the near term, you know, five fifty
• 12:05
  Speaker 4: five hundred should be happening in the next couple of weeks,
• 12:08
  Speaker 4: but by the end of the year, I think it
• 12:09
  Speaker 4: should be closer to ten to twelve thousand for E
• 12:13
  Speaker 4: But it's because you know, most of the move in
• 12:15
  Speaker 4: crypto does come in the fourth quarter. So if you're
• 12:19
  Speaker 4: up thirty five percent year to date, well, if you're
• 12:22
  Speaker 4: going to be up two hundredercent, it's going to all
• 12:23
  Speaker 4: happen in the next few months. And for the SMP,
• 12:28
  Speaker 4: if the FED follows through and begins to cut, which
• 12:31
  Speaker 4: is our expectation, and then we get a drop in
• 12:33
  Speaker 4: mortgage rates and the ice of turning up, and therefore
• 12:36
  Speaker 4: financials really begin to participate. I think that's why we
• 12:39
  Speaker 4: get to sixty eight hundred or so on the SMP,
• 12:41
  Speaker 4: so still a lot of upside. Of course, as you know,
• 12:44
  Speaker 4: September is the month everyone's going to be worried about.
• 12:47
  Speaker 4: So that's a month where you might get a pullback,
• 12:49
  Speaker 4: but you need to be buying debt too.
• 12:52
  Speaker 3: So the seasonal weakness and September you would say, it
• 12:54
  Speaker 3: would just be another opportunity.
• 12:56
  Speaker 4: Yes, that's right. And you know, as you know every pullback,
• 12:59
  Speaker 4: everyone has been ringing the bell saying it's the top
• 13:03
  Speaker 4: that has had That has always been a dip buying
• 13:05
  Speaker 4: opportunity since twenty twenty two. So I just say keep
• 13:08
  Speaker 4: that in mind that you really should be buying a.
• 13:10
  Speaker 1: Tip by the dip into September. Is what tom Ley
• 13:14
  Speaker 1: is pointing at. Other things that you have to kind
• 13:17
  Speaker 1: of compare to. Matt Hogan said, the formula is simple
• 13:20
  Speaker 1: ETF flows, Treasury Company plus simple story.
• 13:24
  Speaker 2: Equals and all time high.
• 13:26
  Speaker 1: And I would agree with that, as we're already seeing
• 13:28
  Speaker 1: a ridiculous amount of ETF flows and it looks like
• 13:31
  Speaker 1: it's not slowing down. And then of course the treasury
• 13:34
  Speaker 1: companies clearly are the main factor that's starting to push this.
• 13:38
  Speaker 1: So it worked for bitcoin's working for Ethereum, and it's
• 13:41
  Speaker 1: lined up to work for Salana. So get ready, guys,
• 13:46
  Speaker 1: Salana is coming next and speaking, Well, we're gonna show
• 13:50
  Speaker 1: them were think for that. I have a surprise for
• 13:52
  Speaker 1: you at the end. Solo is the absolute beast outform
• 13:55
  Speaker 1: the market while it's dumping. Because Bitcoin, as we are
• 13:57
  Speaker 1: talking and recording right now, holding at one oh eight
• 14:00
  Speaker 1: five and Solana still holding above the two hunder marks,
• 14:04
  Speaker 1: so very interesting times for Soul. Now here is Raoul Powell.
• 14:07
  Speaker 1: So he's got this crypto waiting room theory. Many key
• 14:13
  Speaker 1: part of crypto ecosystems are in the waiting room ready
• 14:15
  Speaker 1: to launch. Let's look at a few, and he goes
• 14:18
  Speaker 1: into Bitcoin kind of going and Eth of course is
• 14:21
  Speaker 1: ready to launch. Eth is the one that, of course
• 14:24
  Speaker 1: he's been pushing at. But there's a lot of all
• 14:26
  Speaker 1: coins that could be queuing up right now in the
• 14:29
  Speaker 1: waiting room. Eth is on full port right now, so
• 14:32
  Speaker 1: we're just looking for next leg up.
• 14:34
  Speaker 2: I would agree with Raoul.
• 14:35
  Speaker 1: There next to leave the waiting room is Solana, and
• 14:38
  Speaker 1: you can kind of see consolidation holding in around two
• 14:42
  Speaker 1: around two ten right now, if it breaks that two
• 14:45
  Speaker 1: ninety number, and I'll kind of zoom in on that for
• 14:47
  Speaker 1: you on that chart, if we get up around that
• 14:49
  Speaker 1: two ninety into the all time high, this is the
• 14:52
  Speaker 1: potential for exponential growth on Solana. So that's the one
• 14:56
  Speaker 1: to keep an eye on right there. Swee is also
• 14:58
  Speaker 1: in the waiting room because it's starting to reach a
• 15:01
  Speaker 1: bottom of the channel that Raoul's pointing out. Then you
• 15:05
  Speaker 1: move over to Doge in the waiting room right here
• 15:08
  Speaker 1: full Port when others do, and he's kind of looking
• 15:10
  Speaker 1: at this sideways chop. Notice here that Dose has not
• 15:13
  Speaker 1: been moving much over this range. And this range goes
• 15:17
  Speaker 1: back for a while, all the way back to twenty
• 15:19
  Speaker 1: twenty one. We think this is where I disagree with Raoul.
• 15:22
  Speaker 1: I think instead of Doz, it's going to be pengu
• 15:25
  Speaker 1: Pengo is going to be the ride that we see
• 15:27
  Speaker 1: and possibly becoming the number one meme coin out there
• 15:30
  Speaker 1: and possibly a top ten. That's, I know, a crazy
• 15:33
  Speaker 1: thing to say, guys, Paul, You're crazy. It's a penguin.
• 15:36
  Speaker 1: I just am betting on Luca Nets. And then last
• 15:39
  Speaker 1: but not least, is the uncovering of XRP by Raoul
• 15:44
  Speaker 1: Powell in the process of full porting right here getting
• 15:48
  Speaker 1: into that flag that we've been talking about, these sideways
• 15:50
  Speaker 1: chop positions and everybody has been talking about that very
• 15:53
  Speaker 1: same thing, is that this opportunity is huge going forward.
• 15:58
  Speaker 2: So you guys, if you're not in the dime A circle,
• 16:00
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• 16:02
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• 16:02
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• 16:12
  Speaker 1: That's the best thing you can do right now, and
• 16:14
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