Latest / The Paul Barron Crypto Show / Crypto Hell!!🔥CLARITY Our Last Hope?🚨
Transcript
- 0:00Speaker 1: Welcome to crypto Hell. Today is going to be a
- 0:02Speaker 1: big one. We'll break it all down for you. There's
- 0:04Speaker 1: a lot of news that is affecting where the market
- 0:07Speaker 1: is going. Let's just jump right in. I do want
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- 0:30Speaker 1: Get out there, start making some trades, whether you're long
- 0:32Speaker 1: and short, getting into some new assets. This is the
- 0:35Speaker 1: time to do it when the markets are down like this.
- 0:38Speaker 1: Are we in a bounts Well, we're going to find
- 0:40Speaker 1: out today. Let's just go into a lot of what's
- 0:42Speaker 1: happening in general. If you look at the overall crypto
- 0:45Speaker 1: fear and greed, you can kind of see some things
- 0:48Speaker 1: happening here.
- 0:49Speaker 2: Guys.
- 0:49Speaker 1: This is insane. Have we ever seen the depths of
- 0:53Speaker 1: hell of five? No, we have not, but now we have.
- 0:56Speaker 1: That's a new one right there. As we continue to
- 0:59Speaker 1: dive in Now. The question is is how much further
- 1:01Speaker 1: can this actually go? And I think a lot of
- 1:04Speaker 1: people are looking at not only institutions, they're looking at
- 1:07Speaker 1: the clarity situation. All of this is playing out right
- 1:10Speaker 1: in front of us. So I want to go to
- 1:12Speaker 1: a clip that gets into Congress saying ooh, I feel
- 1:16Speaker 1: the pressure. Take a look.
- 1:18Speaker 2: We're spending a lot. I feel like I'm in crypto hell.
- 1:22Speaker 2: I know, Cynthia, welcome to it, and God bless you,
- 1:28Speaker 2: and I really appreciate what you did on the stable
- 1:30Speaker 2: coins bill. We want these products buil in America. Crypto
- 1:33Speaker 2: is here to stay, and we need clear rules of
- 1:34Speaker 2: the road. Stable Coin was simple compared to market structure,
- 1:37Speaker 2: and we are working our tail off. You know, we'll
- 1:39Speaker 2: deal with yields and rewards, We'll deal with the host
- 1:42Speaker 2: of other issues, but these national security issues around DE
- 1:45Speaker 2: five are real.
- 1:46Speaker 3: Senator.
- 1:47Speaker 4: I look forward to working with you on that.
- 1:49Speaker 2: We we love your technical assistance, and I think you
- 1:52Speaker 2: will be invited to our next round robin on that,
- 1:54Speaker 2: and that maybe later today or tomorrow or Monday's so well.
- 1:57Speaker 4: Good And if you could convince some of the there
- 2:00Speaker 4: seems to be a nihilist group in the industry who
- 2:03Speaker 4: would prefer no regulation over this very good regulation.
- 2:06Speaker 2: Amen, brother, So way in, I way in, E way in.
- 2:11Speaker 5: We have to get this clarity across the finish line,
- 2:14Speaker 5: and any market participants who don't market participants who don't
- 2:19Speaker 5: want it should move to El Salvador.
- 2:20Speaker 2: One last comment, I know my time is no last comment.
- 2:23Speaker 2: Oh ho, gentic Ai. We got to come back and
- 2:27Speaker 2: talk about agentic AI, all right, so.
- 2:30Speaker 1: You can get to see the tit for tag kind
- 2:32Speaker 1: of going on. What you're dealing with is maybe some
- 2:36Speaker 1: of some of DC that is now lining up to
- 2:39Speaker 1: maybe get in order in terms of the negotiations that
- 2:42Speaker 1: need to be paid. But really I think we are
- 2:44Speaker 1: dealing with them calling out most of the crypto industry
- 2:48Speaker 1: for pushing back on the one thing that protects American
- 2:51Speaker 1: of course investors, and that has being able to earn
- 2:54Speaker 1: yield on your stable coins. So this isn't the end
- 2:57Speaker 1: of it either. John Boozeman went on and I went
- 3:00Speaker 1: a little bit further into this, saying, here's where we
- 3:02Speaker 1: may be going.
- 3:03Speaker 6: Take a look, but I feel very strongly that we'll
- 3:06Speaker 6: get it done this year.
- 3:08Speaker 4: But are you thinking weeks or months?
- 3:13Speaker 7: I'm thinking months probably, but not a lot.
- 3:17Speaker 1: Of months, all right, So months, I mean, come on, guys,
- 3:20Speaker 1: we are talking about a point of no return on
- 3:25Speaker 1: the price of bitcoin, ethereum and some of the major
- 3:28Speaker 1: assets that dictate where this market is going to be going.
- 3:32Speaker 1: This has gotten to a point where I think it
- 3:34Speaker 1: is affecting all of society. And this is one example
- 3:39Speaker 1: right here. This is a Nobel professor weighing in on
- 3:42Speaker 1: where the crypto industry is. Take a look.
- 3:44Speaker 4: Is this crypto's fimble winter.
- 3:47Speaker 5: We have talked about crypto winters a few times in
- 3:50Speaker 5: the past, and I got carried away with the winter metaphor,
- 3:52Speaker 5: and in Norse mythology, the fimble winter is the final
- 3:56Speaker 5: disastrous winter before Ragnarok, the end of all things, and
- 4:00Speaker 5: it has back several times from big declines because people
- 4:06Speaker 5: have faith in it.
- 4:07Speaker 4: But this time looks different.
- 4:09Speaker 5: A lot of the recent rise has been driven by
- 4:12Speaker 5: Strategy inc. And other you know, crypto hoorders. The kind
- 4:16Speaker 5: of sentimental or almost mystical attachment that people have had
- 4:20Speaker 5: to bitcoin itself probably doesn't apply to shares in strategy
- 4:25Speaker 5: in some ways tied to what you think Trump's.
- 4:27Speaker 4: For future prospects are. So this is different.
- 4:29Speaker 5: I don't think it would have gotten up to one
- 4:31Speaker 5: hundred and twenty five thousand, or you know thereabouts.
- 4:34Speaker 4: Without his election.
- 4:35Speaker 5: It's possible that the day of reckoning might have waited longer.
- 4:39Speaker 5: You know, the sell America trade, the debasement trade, first
- 4:43Speaker 5: of all, should have benefited bitcoin. A lot of people
- 4:45Speaker 5: sold bitcoin as being the next gold. The next goal
- 4:48Speaker 5: turns out to be gold, not Bitcoin. I think it's
- 4:51Speaker 5: a big wake up for people that, you know, maybe
- 4:53Speaker 5: this isn't actually going to be an enduring asset. And
- 4:56Speaker 5: I guess it's really really hard when people make price
- 4:59Speaker 5: forecasts for big I always wonder on what basis.
- 5:01Speaker 4: Yeah, it's not like you could do a.
- 5:03Speaker 5: Price earnings rasue on this thing, because there's no no earnings,
- 5:06Speaker 5: no services.
- 5:06Speaker 4: It's all just pure faith.
- 5:09Speaker 5: But it does feel like we're seeing a real crisis
- 5:12Speaker 5: of faith right now.
- 5:14Speaker 1: A real crisis of faith. One of the other statements
- 5:17Speaker 1: he made was is this going to be an enduring asset?
- 5:21Speaker 1: That is of bitcoin that he's talking about. And I
- 5:24Speaker 1: think when you look at one of the biggest bitcoin
- 5:26Speaker 1: buyers out there, you have to look to Tether. They
- 5:28Speaker 1: of course have flipped the script and continue to put
- 5:31Speaker 1: more into gold with another one hundred and fifty million.
- 5:35Speaker 1: I know that's just a drop in the bucket, but
- 5:36Speaker 1: the point is they continue to go in that direction.
- 5:39Speaker 1: And I think this is the question, is how bitcoin
- 5:42Speaker 1: is holding up against store of value assets like gold,
- 5:46Speaker 1: And that is the point that we are getting at.
- 5:48Speaker 2: Now.
- 5:48Speaker 1: Are we at a point of no return like this
- 5:50Speaker 1: professor is alluding to? Is that is this asset done?
- 5:54Speaker 1: That's the question everybody's asking right now. Let me go
- 5:57Speaker 1: to another clip here that's trying to get people to
- 6:00Speaker 1: stay in the game.
- 6:02Speaker 5: Take a look, convince them right now.
- 6:06Speaker 6: Well, silver has been trading on hyper liquid for about
- 6:10Speaker 6: two or three weeks. Last Friday was the single largest
- 6:15Speaker 6: day for volume of silver trading history. Hyper Liquid was
- 6:19Speaker 6: two percent of the volume. And I think of hype
- 6:22Speaker 6: the native tokens as more similar to equity in a company.
- 6:27Speaker 6: So it's much more valued based on the price earnings,
- 6:30Speaker 6: based on the volumes. And they're trading the Nasdaq, they're
- 6:34Speaker 6: trading SpaceX, they're trading Tesla, real application of real world assets,
- 6:40Speaker 6: and Hype the native token is up forty percent. It's
- 6:43Speaker 6: because the volumes have been growing, revenue has been growing.
- 6:47Speaker 6: Last year revenue is just under a billion dollars. There's
- 6:50Speaker 6: eleven employees. This is a real business.
- 6:54Speaker 1: All right, So you see that we are seeing a
- 6:57Speaker 1: shift here. And the other thing that he's kind of
- 6:59Speaker 1: alluding to is that there's access globally to get into
- 7:04Speaker 1: assets such as silver on a tokenized level. This of
- 7:07Speaker 1: course starts to suck up wind out of the market
- 7:10Speaker 1: on major assets like bitcoin, even ethereum to a certain extent.
- 7:14Speaker 1: So this is I think a point where we have
- 7:16Speaker 1: to understand are the major markets supporting where the digital
- 7:21Speaker 1: asset market is going?
- 7:23Speaker 8: Well?
- 7:23Speaker 1: Here is Bloomberg, who wins big if this becomes a
- 7:27Speaker 1: major asset class. Here's what they had to say, is.
- 7:30Speaker 7: This people selling crypto to cover losses elsewhere?
- 7:34Speaker 9: Is it more fundamental than that?
- 7:36Speaker 8: It feels like there's some more fundamental issues within the
- 7:39Speaker 8: crypto industry. So based on what I'm talking everyone I'm
- 7:42Speaker 8: talking to in the crypto industry, there's a cris of face,
- 7:46Speaker 8: not just not just Bitcoin as a digital goal, also
- 7:49Speaker 8: other cryptocurrencies. Right, Like you see like Ethereum, Solona, all
- 7:53Speaker 8: these blockchains and crypto are supposed to sort of build
- 7:56Speaker 8: like rebuild a Wall Street and rebuild fintech and new
- 7:59Speaker 8: bank and what. But that's not really happen right now, all.
- 8:03Speaker 1: Right, so you can see it. Bloomberg is actually asking
- 8:06Speaker 1: the question, is and our digital assets here to stay?
- 8:11Speaker 1: I think the fact that we have major institutions on
- 8:14Speaker 1: Wall Street, especially on the media side, already at that stage,
- 8:18Speaker 1: it's clear they have never been in the crypto market before.
- 8:23Speaker 1: These are the kind of things we face all the time.
- 8:25Speaker 1: I think a lot of people in Wall Street are
- 8:27Speaker 1: getting the first real taste of what a market pullback
- 8:30Speaker 1: and a bear winter, a winter bear market should and
- 8:34Speaker 1: does look like. Here. Of course was Tom Lee that
- 8:37Speaker 1: went in and kind of did something a little bit
- 8:40Speaker 1: unusual at Michael Saylor's earning skull.
- 8:43Speaker 7: Take a look Tom Lee from fund strad and bickmind Hi, I.
- 8:48Speaker 4: Took a ton of notes.
- 8:50Speaker 10: On slide fifty three, you talked about quantum vulnerability of bitcoin,
- 8:56Speaker 10: and I apologize and that's getting little nerdy. But I
- 8:58Speaker 10: know a lot of people have questions about quantum vulnerability because,
- 9:03Speaker 10: as you know, the tap root wallets actually are somewhat
- 9:06Speaker 10: quantum vulnerables. So I think that's like twenty five or
- 9:09Speaker 10: thirty percent of all bitcoin wallets out there.
- 9:13Speaker 11: I don't think it's appropriate for us to advocate a
- 9:16Speaker 11: particular solution or a particular time frame. If you accelerate
- 9:23Speaker 11: those and pressurize those processes, you end up solving a
- 9:28Speaker 11: bunch of problems that don't exist in a way that
- 9:30Speaker 11: may be are iatrogenic. Nor do I think it's really
- 9:34Speaker 11: responsible or appropriate for us to do that. By the way,
- 9:37Speaker 11: it's not clear anything should be done.
- 9:39Speaker 3: Ever.
- 9:39Speaker 11: Big Cloub's going to boil the ocean use all the
- 9:42Speaker 11: energy on Earth as late as twenty eighteen, and that
- 9:45Speaker 11: never happens. It's possible that whatever happens in the quantum
- 9:48Speaker 11: domain will actually improve the security of the Bitcoin network,
- 9:51Speaker 11: and advertently before we have to even discuss the protocol change.
- 9:55Speaker 11: So I don't think there's any particular policies.
- 10:01Speaker 1: Wow, I'm telling you that. First of all, Man, what
- 10:05Speaker 1: wavos Tom Lee has to be able to bring up
- 10:07Speaker 1: quantum threats on strategies call the fact they invited him
- 10:12Speaker 1: in there very interesting as well. But the point is
- 10:15Speaker 1: that I think Sailor may have could have maybe handled
- 10:19Speaker 1: that a little bit better in the sense of looking
- 10:21Speaker 1: at at one point down the road, does Bitcoin actually
- 10:25Speaker 1: have to change yeah, I heard you heard me say that. Guys,
- 10:28Speaker 1: if we do get to a quantum threat, that it
- 10:29Speaker 1: is going to be one thing to watch out for. Well,
- 10:31Speaker 1: he goes in further, Tom Lee didn't stop there. Take
- 10:34Speaker 1: a look at this clip.
- 10:36Speaker 10: But the second part is there's only four point four
- 10:38Speaker 10: million walts that have even ten thousand dollars worth a bitcoin,
- 10:41Speaker 10: which means the world hasn't really adopted bitcoin yet. And
- 10:44Speaker 10: so you know, as you think about the rest of
- 10:46Speaker 10: this year, could you give us, like what you think
- 10:49Speaker 10: are some milestones or road maps that further drive bitcoin adoption,
- 10:53Speaker 10: which in turn helped the price of bitcoin.
- 10:56Speaker 11: The fundamental catalysts are regulatory.
- 11:05Speaker 1: Tom Ley, I'm gonna have to give you an award.
- 11:07Speaker 1: I think we'll have one to hand to you. But
- 11:11Speaker 1: that's that's the biggest, uh, the biggest ones I've seen
- 11:14Speaker 1: in a while. To do something like that, Well, hey, listen,
- 11:17Speaker 1: if that's not going to save us, what will. Well,
- 11:19Speaker 1: one of the things you have to look at is
- 11:20Speaker 1: Trump We're liberty files out there selling bitcoin and repaying
- 11:24Speaker 1: its ave loans right now to avoid liquidation. Are we
- 11:29Speaker 1: going to see more of them coming into the market,
- 11:31Speaker 1: And let's not forget. You also have this thing happening
- 11:35Speaker 1: right here where bitthamb actually accidentally sent out free bitcoin,
- 11:38Speaker 1: even though I think a lot of people were looking
- 11:41Speaker 1: at this as more of a promo, a stunt, a
- 11:44Speaker 1: publicity stunt in a time right now where everybody's searching
- 11:48Speaker 1: for bitcoin, and I think you have to consider that
- 11:50Speaker 1: if you look at what Tim Warren put up, he
- 11:52Speaker 1: hit it on the head.
- 11:53Speaker 12: Uh.
- 11:53Speaker 1: This was bitthmb, the quorin exchange putting out the bitcoin
- 11:56Speaker 1: where they accidentally sent two thousand bitcoin, air dropped it
- 11:59Speaker 1: and it was you're supposed to be a buck and
- 12:01Speaker 1: a half, real fat finger or publicity stunt. I agree
- 12:05Speaker 1: to the crowd here sixty nine percent that that was
- 12:09Speaker 1: a publicity stump. Kudos to you guys, nice one. But
- 12:12Speaker 1: I think there's going to be more that we'll see
- 12:15Speaker 1: coming at the market very soon. And this isn't necessarily funny,
- 12:19Speaker 1: but I think anybody that's been in crypto for any
- 12:22Speaker 1: period of time, even if you were just in on
- 12:24Speaker 1: the last bull run, you've seen this happen before in
- 12:28Speaker 1: major asset classes. Now. I think a lot of people
- 12:31Speaker 1: anticipated less of this impact. What it did do I
- 12:35Speaker 1: think is revealed the kind of asset class that it is,
- 12:39Speaker 1: and that is a speculative asset class. Bitcoin is not
- 12:43Speaker 1: a store of value. It has proven that now against gold.
- 12:46Speaker 1: Whether gold gets as volatile because of the capacity of
- 12:49Speaker 1: now tokenized gold, that's the real question mark. Can it
- 12:51Speaker 1: hold up here is of course another one where mainstream
- 12:55Speaker 1: media is now spinning out bitcoin price predictions. So something
- 13:00Speaker 1: right here. Take a look.
- 13:02Speaker 9: Has it effected the stock market some amount of anxiety?
- 13:05Speaker 7: Right?
- 13:05Speaker 9: And people seeing the wealth that they have in bitcoin,
- 13:08Speaker 9: whether it's big or small, whatever get wipe away as
- 13:11Speaker 9: quickly as it did. It always causes people to go,
- 13:13Speaker 9: oh my god and get nervous, and they start selling
- 13:15Speaker 9: things that they shouldn't sell because they want their cash
- 13:17Speaker 9: in the bank because it makes them feel better. I
- 13:19Speaker 9: don't think the disaster bitcoin is over yet, but I
- 13:22Speaker 9: wouldn't be surprised if we saw bitcoin drag down into
- 13:25Speaker 9: the high fifties.
- 13:26Speaker 4: Oooh, that would be a headline, wouldn't it.
- 13:28Speaker 6: We estimate that bitcoin actually can drop to fifty thousand.
- 13:31Speaker 3: And we're seeing predictions that it could be as much
- 13:34Speaker 3: as a seventy percent pullback from all time highs. So
- 13:37Speaker 3: I didn't take it down towards the thirty eight to
- 13:40Speaker 3: forty thousand mocks. So I think a number of folks
- 13:43Speaker 3: are bracing for prices to go lower.
- 13:45Speaker 1: Well the braces in. I think a lot of you
- 13:48Speaker 1: are maybe not all the way into a seventy percent pullback.
- 13:51Speaker 1: Many of you might be let me know in the
- 13:53Speaker 1: comments down below where you think it could go from
- 13:56Speaker 1: all time high. Just give me a percentage number of
- 13:59Speaker 1: what you got. Thing, because I always love to not
- 14:01Speaker 1: only read your comments, because we listen to our audience
- 14:03Speaker 1: and really understand what you guys are looking at as
- 14:05Speaker 1: well on many of these assets. All right, So another
- 14:08Speaker 1: thing you have to look at is where is China
- 14:10Speaker 1: on all of this? Because the market is falling and
- 14:12Speaker 1: here is something they're doing. China is of course banning
- 14:14Speaker 1: the unapproved oversea issuance of you on linked not stable coins,
- 14:19Speaker 1: but actual CBDCs. This is the problem that we will
- 14:22Speaker 1: continue to see anytime we start to see central bank
- 14:26Speaker 1: digital currencies proliferate around the world, and that is control
- 14:30Speaker 1: they'll reach in there and of course control it. This
- 14:32Speaker 1: is right up their alley of what this looks like.
- 14:35Speaker 1: And don't forget there are a lot of countries that
- 14:38Speaker 1: are looking at CBDC like currency like this as opposed
- 14:42Speaker 1: to the United States. Now, granted, many people would argue
- 14:45Speaker 1: that maybe stable coins have that if you look at
- 14:47Speaker 1: the capacity of being able to freeze assets, and maybe
- 14:50Speaker 1: how what we will see in the market structure will
- 14:53Speaker 1: help frame that up some. But one of the things
- 14:55Speaker 1: you do have to consider is why hasn't Trump weighed
- 14:58Speaker 1: in on this. Now I won't say what he did do,
- 15:02Speaker 1: but he wasn't out there tweeting to support the crypto industry.
- 15:06Speaker 1: He hasn't made a statement on stable coin yield, He
- 15:09Speaker 1: hasn't made a statement on affordability. Because crypto is one
- 15:14Speaker 1: of the ways that will bring the modern everyday guy
- 15:18Speaker 1: up from the ranks and possibly put them back into
- 15:22Speaker 1: a position of wealth or an opportunity to at least
- 15:25Speaker 1: get to wealth. This is where Trump needs to be going.
- 15:27Speaker 1: I'm very disappointed that he hasn't done that. That's probably
- 15:31Speaker 1: the worst thing. And of course the Democrats are seizing
- 15:34Speaker 1: the day, and they're doing it right here with something
- 15:38Speaker 1: like this. Cryptocrash accelerates as investors flee risky assets. The
- 15:42Speaker 1: keywords here, guys, are risky assets. They are trying to
- 15:46Speaker 1: scare modern day investors and anyone out of this market
- 15:50Speaker 1: to do one thing, and that is save the banks
- 15:53Speaker 1: and the treasure trove of lobby money that makes their
- 15:56Speaker 1: way over to Congress in support of the banks. Well,
- 16:00Speaker 1: when you think about in support of the banks, you
- 16:02Speaker 1: have to flip on the other side and think in
- 16:04Speaker 1: support of corruption, because corruption is one of the reasons
- 16:07Speaker 1: that the Democrats are pushing back. And here, of course
- 16:11Speaker 1: is World Liberty five saying don't worry, We're going to
- 16:13Speaker 1: save you.
- 16:14Speaker 3: Take a look.
- 16:17Speaker 12: Above the noise. Clarity begins on February eighteenth, twenty twenty six.
- 16:28Speaker 12: Global leaders will gather in Palm Beach, Florida. Mara Lago,
- 16:33Speaker 12: Palm Beach, Florida. Welcome to the World Liberty Forum.
- 16:39Speaker 1: I don't know, guys, We're going to see if this
- 16:41Speaker 1: plays out. This may be great, it may be one
- 16:44Speaker 1: of the biggest train wrecks that has ever happened in crypto.
- 16:48Speaker 1: But the one thing you can bet on is that
- 16:50Speaker 1: we are continuing to see the market take a lot
- 16:53Speaker 1: of heat, with exception of starting to see a little
- 16:56Speaker 1: bit of movement right here, as you see kind of
- 16:58Speaker 1: a speckled layout out of some assets that are starting
- 17:02Speaker 1: to grow. Some assets that of course have had a
- 17:06Speaker 1: great opportunity have taken some of these liquidity opportunities from
- 17:09Speaker 1: crypto and move them in maybe into equity. So is
- 17:12Speaker 1: that where people are going. Are they getting out of
- 17:14Speaker 1: maybe some of the volatile trades of both silver and gold.
- 17:17Speaker 1: Are they looking back to equities? Maybe the AI play
- 17:20Speaker 1: or others. I think some of these the midcaps may
- 17:23Speaker 1: also be a play here as we start to see
- 17:25Speaker 1: some of those rise. This is going to get very
- 17:27Speaker 1: interesting in the next few weeks because this is the
- 17:31Speaker 1: time Clarity is literally at a crossroads. Right now. I
- 17:35Speaker 1: want to go to another clip because Eric balshunis brought
- 17:38Speaker 1: up a topic we kind of talked about a little
- 17:40Speaker 1: bit this week with another guest, and that is where
- 17:43Speaker 1: are the boomers? Are they actually investing into these ETFs?
- 17:47Speaker 7: Take a look the volatility and this feeling, this depressed
- 17:51Speaker 7: feeling is kind of the cost of the Holy Grail
- 17:55Speaker 7: returns that most people have gotten.
- 17:57Speaker 5: Right.
- 17:58Speaker 7: This is like what the eighth or ninth time on
- 18:01Speaker 7: a draw down, more than forty percent in the end,
- 18:05Speaker 7: six percent of people have left. That's pretty good considering
- 18:08Speaker 7: it's forty percent off its highs. So for now, the
- 18:13Speaker 7: ETF boomers have really come through. I think, first of all,
- 18:16Speaker 7: the boomers have seen a lot of things in their lives.
- 18:18Speaker 7: They know things go up and down, right, They've got
- 18:19Speaker 7: some wisdom. Second of all, they probably have a core
- 18:24Speaker 7: portfolio made up of like stocks and bonds and real
- 18:27Speaker 7: cheap Vanguard funds, and they're very happy with that. This
- 18:29Speaker 7: is like hot sauce. This is like a little fun
- 18:31Speaker 7: on the side. I think a lot of them probably
- 18:34Speaker 7: made a community to themselves to hold for a couple
- 18:36Speaker 7: of years, knowing it's volatile. Not everybody will be able
- 18:40Speaker 7: to hang though. We'll see what happens. But yeah, ironically,
- 18:44Speaker 7: the boomers are making this way less bad than it
- 18:47Speaker 7: could be.
- 18:49Speaker 1: Okay, so I agree with this. This is the thesis
- 18:52Speaker 1: I'm hearing from a lot of i won't say wealth manager,
- 18:56Speaker 1: high networth individuals, and a handful of invest groups that
- 19:00Speaker 1: have kind of talked about this very thing, is that
- 19:02Speaker 1: boomers are actually coming in and doing some of what
- 19:05Speaker 1: even me. I'm looking at a strategy here of dollar
- 19:08Speaker 1: cost averaging on bitcoin, especially when we see a sub
- 19:11Speaker 1: sixty The opportunity I think is going to be unbelievable
- 19:14Speaker 1: getting it in the sixties, yesterday or this week, I
- 19:17Speaker 1: think has just been a gift. Now, will it go
- 19:19Speaker 1: down into a seventy percent retracement? That's a very good possibility.
- 19:23Speaker 1: Sure it could happen. But if you're looking long term,
- 19:26Speaker 1: whether it's eth, XRP, Salona, or Bitcoin, all of these
- 19:31Speaker 1: are seeing some of the lowest amounts of prices that
- 19:35Speaker 1: we have seen since twenty twenty three. So this is
- 19:38Speaker 1: getting into a very heated space. Now are other people
- 19:41Speaker 1: starting to look at this, well, they could be looking
- 19:43Speaker 1: at it two ways.
- 19:44Speaker 13: If you look at the Google.
- 19:45Speaker 1: Trend right now, bitcoin search has spiked. Now this could
- 19:49Speaker 1: either be a negative or it could be a positive.
- 19:51Speaker 1: People saying all right, is this the time to buy?
- 19:54Speaker 1: When there is blood in the water like what we're seeing. Remember,
- 19:57Speaker 1: though we have not seen the S and P pull
- 20:00Speaker 1: back you tremendously, We have not seen gold fully retrace,
- 20:05Speaker 1: and we have definitely not seen silver. Silver has been
- 20:07Speaker 1: somewhat of an erratic asset in terms of opportunity. So
- 20:12Speaker 1: is bitcoin maybe getting some new money considering to start
- 20:16Speaker 1: to look for a new entry point? Watch out, guys,
- 20:18Speaker 1: there could be some new entry points. The question is
- 20:21Speaker 1: where on where and when will it happen? Well, Charles
- 20:25Speaker 1: Hoskinson says, this is what this market is built for.
- 20:29Speaker 13: Take a look, we don't have four hundred years of
- 20:34Speaker 13: legacy to lean on to do things exactly the right way,
- 20:40Speaker 13: and yet you exclude all the brilliance, all the amazing advancements.
- 20:44Speaker 13: Today right now, these systems can process billions of transactions
- 20:50Speaker 13: every month. Today, right now, these systems are far more
- 20:53Speaker 13: advanced for your identity or data and your self sovereignty
- 20:58Speaker 13: than anything that has ever been built in the legacy world.
- 21:02Speaker 13: And pieces of the puzzle are everywhere, with Salona and
- 21:04Speaker 13: Suite and Cardano and Midnight. All we have to do
- 21:08Speaker 13: is just put them together and make them easy to use.
- 21:10Speaker 13: Is that so hard? Are we just so thereft of
- 21:14Speaker 13: common sense and ability that somebody's not going to figure
- 21:17Speaker 13: out how to package it in a way that's mainstream.
- 21:20Speaker 13: It's a ticking time bomb. Someone's going to do it.
- 21:24Speaker 13: I'm fighting for it. The Talic is fighting for it,
- 21:26Speaker 13: and Totally is fighting for it. We're going to figure
- 21:28Speaker 13: it out and whoever does, the floodgates open and we win.
- 21:34Speaker 13: In the meantime, we have to endure the red.
- 21:36Speaker 1: Alright, So what you saw there with Charles, I think
- 21:39Speaker 1: he uncovered something that is unique, and that is he's
- 21:42Speaker 1: identifying the fact that this is still an early stage market.
- 21:46Speaker 1: You know, my days of you know, early stage markets
- 21:48Speaker 1: in Silicon Valley were kind of the same way because
- 21:51Speaker 1: a lot of people didn't know how to take the
- 21:54Speaker 1: early stage Internet, the birth of mobile social That I
- 21:57Speaker 1: think is where we are right now. The difference here
- 21:59Speaker 1: that may sit a little bit precarious is that we
- 22:02Speaker 1: have seen Wall Street address this a little bit more,
- 22:05Speaker 1: you know, evenly. I don't understand why we haven't seen
- 22:08Speaker 1: more of that now. I think clarity is still in
- 22:10Speaker 1: the way. But if we get this to a point
- 22:13Speaker 1: where we do package it into a way where retail
- 22:16Speaker 1: understands this, private offices, high network individuals, and it becomes
- 22:20Speaker 1: just a general investment opportunity, that's the holy grail. I
- 22:23Speaker 1: think that's where we're going. It is still early, which
- 22:25Speaker 1: means you are early in the space. I want to
- 22:28Speaker 1: go to a couple other tweets here. This was by Charles.
- 22:31Speaker 1: He hit on it right here, revealed his crypto holdings
- 22:33Speaker 1: plunged over three billion, all right. I don't know how
- 22:37Speaker 1: many billions he was worth but three billion to lose.
- 22:41Speaker 1: That tells you this guy is in for the long haul.
- 22:44Speaker 1: Kudos to Charles. I actually have a little bit more
- 22:46Speaker 1: respect for that man now because he's holding through some
- 22:50Speaker 1: of the worst times that we've seen. Here. Of course,
- 22:52Speaker 1: was the poll is the bottom end for crypto? I
- 22:55Speaker 1: answered it. I said, no, I think fifty k is
- 22:57Speaker 1: in the in the cards now. Could it be in
- 22:59Speaker 1: the cards of mediately?
- 23:00Speaker 8: No.
- 23:00Speaker 1: I think we still are dealing with a situation around clarity.
- 23:04Speaker 1: The key here is if we get more delay on clarity,
- 23:07Speaker 1: if we get other liquidation events, and if there is
- 23:10Speaker 1: a ten to ten unravel that has still not happened,
- 23:14Speaker 1: which many people think there is a dark day heading
- 23:18Speaker 1: for something like that because of the ten ton space
- 23:20Speaker 1: in terms of that liquidation that hit the market. Hunter Horseley,
- 23:25Speaker 1: this is interesting too because he tweeted this right here.
- 23:28Speaker 1: Every time crypto gets crushed, I get invited on TV.
- 23:32Speaker 1: And this was December of twenty eighteen. You guys remember
- 23:34Speaker 1: three K to nineteen the prier prior year. November eight,
- 23:37Speaker 1: twenty twenty two, FTX salts withdrawals, and then today and
- 23:41Speaker 1: bitcoin is down sixteen percent. So Hunter, I'm with you. Man,
- 23:45Speaker 1: it's a pleasure to be here with you and serving
- 23:48Speaker 1: in these kinds of times. And it's not funny, guys.
- 23:50Speaker 1: I know a lot of people are hurting out there
- 23:52Speaker 1: right now, but these are the kind of things. If
- 23:55Speaker 1: you've been in crypto long enough, just like me, you
- 23:58Speaker 1: understand these are the days that do happen. Yes, many
- 24:01Speaker 1: of you have probably taken some profits, taking money off
- 24:04Speaker 1: the table. Kudos everybody that's done that. You can never
- 24:07Speaker 1: do that enough. Always look at that. You're never gonna
- 24:10Speaker 1: time the bottom, You're never going to time the top.
- 24:12Speaker 1: So just play it in a way where these opportunities
- 24:15Speaker 1: represent themselves and look at the narratives of where it's
- 24:18Speaker 1: going from there. One thing I did, of course, yeah
- 24:21Speaker 1: I'm buying dips an XRP would be one of them,
- 24:24Speaker 1: because XRP is snapping back nearly twenty percent after its
- 24:27Speaker 1: sell off. So continue to see volatility on the big boys.
- 24:30Speaker 1: That's everything from Solana, XRP, ethereum, biccoin obviously all hitting.
- 24:34Speaker 1: But the key here for Ripple they actually need clarity
- 24:38Speaker 1: to be able to really make their plan work. In
- 24:41Speaker 1: the United States. They're already starting to do this in
- 24:43Speaker 1: the EU around the world, but the United States is
- 24:46Speaker 1: the market for Ripple. If they don't get clarity, this
- 24:49Speaker 1: is a problem for Ripple. We're gonna be staying staying
- 24:52Speaker 1: very close on this and of course covering all of this,
- 24:54Speaker 1: so hopefully you guys you have a great weekend. We'll
- 24:56Speaker 1: see where it goes from here. If you like this video,
- 25:05Speaker 1: hit like and subscribe, drop a comment down below, and
- 25:08Speaker 1: also join our free private member group.
- 25:10Speaker 4: The links in the description m