Latest / The Paul Barron Crypto Show / U.S. Crypto President Day 01🚨Market Update
Transcript
- 0:07Speaker 1: President Trump has hit his inauguration day, and today we're
- 0:10Speaker 1: going to be breaking down how all of this affects crypto.
- 0:12Speaker 1: Don't miss it. My name is Paul Barren. Welcome back
- 0:14Speaker 1: in a tech path. Let's get started today. I do
- 0:16Speaker 1: want to thank our sponsor, and that is coinbase. If
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- 0:24Speaker 1: are brand new to crypto. You're watching our show maybe
- 0:26Speaker 1: for the very first time. Check out coinbase. It's very
- 0:29Speaker 1: easy to get set up and start your whole process
- 0:32Speaker 1: of buying your first token.
- 0:33Speaker 2: Just use the link down below.
- 0:34Speaker 1: It's going to give you up two hundred bucks in
- 0:36Speaker 1: crypto to get started, so you kind of can start
- 0:38Speaker 1: in on understanding what all this crypto craze is all about.
- 0:42Speaker 2: But anyway, use our link.
- 0:43Speaker 1: It does help the channel, all right, So I'll get
- 0:44Speaker 1: into it today and let's.
- 0:46Speaker 2: Go over to our first tweet right here.
- 0:47Speaker 1: Of course, if you guys did not catch all the
- 0:50Speaker 1: news on Friday night, if it wasn't a very big
- 0:53Speaker 1: night already, we have the official Trump meme coin that
- 0:56Speaker 1: launched Friday night, and of course with that came an
- 1:00Speaker 1: absolute crazy weekend of trading, and of course all of
- 1:03Speaker 1: this started to go into the inaugural party, so everybody
- 1:06Speaker 1: probably saw this, but pretty much an absolute skyrocket ended
- 1:10Speaker 1: up flipping some of the top fifteen and top twenty
- 1:14Speaker 1: tokens in the overall market cap. So definitely a meme
- 1:19Speaker 1: coin that I think everybody will remember for quite some time. Here,
- 1:23Speaker 1: of course, was the meme coin itself started to dump
- 1:26Speaker 1: and about a thirty percent loss on it. But again
- 1:29Speaker 1: we're starting to see I don't want to say stability
- 1:32Speaker 1: on a meme coin, but the idea is behind this
- 1:35Speaker 1: of what we've seen so far. As this one is
- 1:37Speaker 1: still very volatile, could it be still in play. One
- 1:40Speaker 1: of the reasons that this, of course occurred, was the
- 1:42Speaker 1: launch of the Millennia meme coin, and we'll talk about
- 1:45Speaker 1: that in a second. I do want to go to
- 1:46Speaker 1: a tweet here by Bology to so you guys know Biology.
- 1:51Speaker 1: This guy has been in crypto for quite some time.
- 1:53Speaker 1: He probably we don't show him much but on the channel,
- 1:57Speaker 1: but he has been in crypto for a very long time,
- 1:58Speaker 1: understands this technolog very very well, and some things he
- 2:02Speaker 1: made a statement on and this is one of the
- 2:05Speaker 1: things that I thought was interesting. Current valuations of the
- 2:08Speaker 1: meme coin, Trump could give one hundred bucks of locked
- 2:11Speaker 1: up Trump to seventy seven million voters via air drop,
- 2:15Speaker 1: and it would only cost him about seven billion dollars.
- 2:17Speaker 1: So that's an asset that was worth zero two days ago.
- 2:20Speaker 2: So boom.
- 2:22Speaker 1: He could also go as much as five hundred dollars
- 2:24Speaker 1: per person. That'd be only about twenty Well, I guess
- 2:28Speaker 1: that wouldn't be quite twenty billion, but five hundred would
- 2:31Speaker 1: still give him twenty billion left over in the overall
- 2:34Speaker 1: value of the tokens. So imagine a loyalty system where
- 2:38Speaker 1: the president of the United States could start doling out
- 2:41Speaker 1: assets based on what you're holding. And of course that's
- 2:44Speaker 1: what crypto is all about. Another thing that he stated
- 2:47Speaker 1: right here. If seventy seven million Americans are also benefiting
- 2:50Speaker 1: from Trump charges of conflict of interest go away, it'd
- 2:54Speaker 1: be kind of a new social contract, a personal relationship
- 2:57Speaker 1: between president and citizen.
- 2:59Speaker 2: That's the whole point.
- 3:00Speaker 1: If all that starts to disappear, the whole function of
- 3:03Speaker 1: crypto of being able to use it within the blockchain,
- 3:06Speaker 1: much like a meme coin or an NFT or anything
- 3:09Speaker 1: that you might be holding in terms of value going up.
- 3:12Speaker 1: Very interesting times ahead. I think DC is getting ready
- 3:15Speaker 1: to open up the doors to really understanding how this
- 3:18Speaker 1: technology works. Just in strategic Bitcoin reserve was not listed
- 3:22Speaker 1: in an immediate priority in the document sent to the
- 3:25Speaker 1: Republican lawmakers. This came in from the Trump administration. What
- 3:28Speaker 1: you'll see there is really a missing of any mention
- 3:33Speaker 1: of the bitcoin component. A lot of it on the
- 3:35Speaker 1: Green New Deal, also scenarios on energy, the Paris climate,
- 3:39Speaker 1: a cord Pairs excuse me, President Trump. Also on the
- 3:43Speaker 1: America First trade policy that's going to be a big one,
- 3:46Speaker 1: and then kind of this whole drain the swamp model.
- 3:48Speaker 1: I think this is just the beginning of many memos
- 3:51Speaker 1: that will start to see moving in through the administration.
- 3:54Speaker 1: Obviously here barely on day one of the new Trump administration.
- 3:58Speaker 1: If you take a look at bitcoin point in general,
- 4:01Speaker 1: over the weekend, we saw that high slipping up to
- 4:04Speaker 1: around one oh seven to one oh eight, and then
- 4:07Speaker 1: boom right there almost one o nine. A little over
- 4:10Speaker 1: one oh nine, three forty seven I think was the high.
- 4:13Speaker 2: Here.
- 4:13Speaker 1: Of course, bitcoin trading at around one oh four right
- 4:16Speaker 1: now on inauguration Day, so definitely setting new highs within
- 4:20Speaker 1: the market. So I think that is one of the
- 4:22Speaker 1: factors that again just brings crypto to the front of
- 4:25Speaker 1: the conversation globally and bitcoin and along with many other
- 4:30Speaker 1: tokens are going to be taking part within that. We're
- 4:32Speaker 1: gonna be doing a Salona video in a little bit,
- 4:34Speaker 1: so make sure you guys check that one out when
- 4:36Speaker 1: it hits. Another thing I want to get to because
- 4:38Speaker 1: this will explain a little bit further about how Trump's
- 4:42Speaker 1: value isn't that worth and what it means.
- 4:45Speaker 2: Now take a look, well.
- 4:47Speaker 3: Stock markets may be closed today, but the crypto markets
- 4:49Speaker 3: are opening open, and the Trump family is indeed cashing in.
- 4:53Speaker 3: Trump's net worth ballooning over the weekend thanks to that
- 4:56Speaker 3: new token. It's shut up to around seventy four dollars
- 4:59Speaker 3: on Saturday now now settling down to around fifty dollars.
- 5:02Speaker 3: The market cap of that meme token now at about
- 5:04Speaker 3: ten billion dollars. Now that is only for the two
- 5:08Speaker 3: hundred million tokens that are issued. There will be a
- 5:11Speaker 3: total of one billion tokens that could be sold over
- 5:14Speaker 3: the next year, so you've got only twenty percent currently
- 5:17Speaker 3: in the market. The other eighty percent is currently held
- 5:20Speaker 3: by Trump's company. Now, if they all sold at today's value,
- 5:24Speaker 3: his meme wealth would be over forty billion dollars. And
- 5:28Speaker 3: the Trumps have already made around sixty million dollars in
- 5:31Speaker 3: fees over the weekend just from all that trading. So
- 5:35Speaker 3: separate from that, he's now worth about seven billion dollars.
- 5:38Speaker 3: You got about four point six billion from truth Social
- 5:42Speaker 3: that's DJT that and as well as the two to
- 5:45Speaker 3: two and a half billion dollars from the Trump organization.
- 5:48Speaker 3: Now Milania also cashing in on the crypto craze. Her
- 5:51Speaker 3: mean coin, which launched yesterday, now has a market cap
- 5:55Speaker 3: of over two billion dollars. Eric Trump saying this is
- 5:59Speaker 3: all part of a new and growing business sector and
- 6:03Speaker 3: dollar Trump That's the mean coin is currently quote the
- 6:06Speaker 3: hottest digital meme on Earth, and this is just the beginning.
- 6:10Speaker 3: Disclosures on the token's website state quote Trump Memes are
- 6:13Speaker 3: not intended to be an investment or security and is
- 6:17Speaker 3: not political and has nothing to do with political campaigns
- 6:20Speaker 3: or any political office or governmental agency. So but clearly, Becky,
- 6:25Speaker 3: this the first time we've seen political power translate so
- 6:28Speaker 3: quickly into crypto wealth.
- 6:33Speaker 1: Okay, So one of the things he said there I
- 6:35Speaker 1: think is I would take a little bit issue political
- 6:37Speaker 1: power into crypto wealth. I would look at it more
- 6:39Speaker 1: from the branding that the Trump brand vehicle has been
- 6:43Speaker 1: developing over the last forty years. And if you look
- 6:46Speaker 1: back on Trump's career, that's really what he's been able
- 6:49Speaker 1: to leverage here in crypto. And that's like anything out there,
- 6:52Speaker 1: whether it's a business, a brand, a celebrity, anybody that
- 6:55Speaker 1: has that capacity of retaining or grabbing attention has the
- 6:59Speaker 1: ability to do these kind of rollottes. And that's exactly
- 7:02Speaker 1: what happened. I want to jump to this tweet right here.
- 7:04Speaker 1: This is the kobeec letter what just happened. Malania Trump
- 7:06Speaker 1: firstlative us also launt her own meme coin and this
- 7:09Speaker 1: literally took the wind out of the Trump token and
- 7:14Speaker 1: moved into the Milania token.
- 7:15Speaker 2: So I know a lot of.
- 7:16Speaker 1: People on crypto Twitter were basically making that swamp, whether
- 7:20Speaker 1: it was within your phantom wallet or trading it over
- 7:23Speaker 1: on out of trump coin and over on robin Hood
- 7:26Speaker 1: because it was starting to get listened in places.
- 7:28Speaker 2: This is crazy for us to see.
- 7:30Speaker 1: This immediate impact on the meme market, and of course
- 7:34Speaker 1: with that Solana also had an impressive run all the
- 7:38Speaker 1: way up to almost two hundred and eighty bucks. So
- 7:40Speaker 1: a lot moving for sure in the crypto markets. Now,
- 7:42Speaker 1: when you look at Michael Saylor, he said, this is
- 7:45Speaker 1: the parody account for him. If you thought you missed
- 7:48Speaker 1: the Trump or Millennia, relax, this is the whole family tree.
- 7:51Speaker 1: And there they are with what could be all sorts
- 7:54Speaker 1: of Trump meme tokens starting to hit. So the idea
- 7:57Speaker 1: of what this is going to look like in the
- 7:59Speaker 1: coming weeks, months, years, is going to get interesting in
- 8:03Speaker 1: the crypto arena for sure. Here was another scenario that
- 8:07Speaker 1: I think needs to kind of be explained here because
- 8:10Speaker 1: a lot of people would look at them and say, well,
- 8:12Speaker 1: you know, this is just a money grab. Trump is
- 8:14Speaker 1: a businessman, you know, And I think if you look
- 8:16Speaker 1: at the crypto market in general, some people will say.
- 8:19Speaker 2: All right, we should kind of know how this works.
- 8:22Speaker 1: A couple of points they put out in the article
- 8:24Speaker 1: Every Corner Crypto social media hosting fierce debates whether this
- 8:27Speaker 1: is going to end badly and the investor optimism Trump
- 8:31Speaker 1: is big for crypto. Then some people saying, well, Vitallic
- 8:35Speaker 1: has long called mean points assets that are not notoriously
- 8:38Speaker 1: over reliant on social media hype and volatile you know,
- 8:40Speaker 1: swings and whatever else that comes out within social media,
- 8:45Speaker 1: and how they're connected to meme tokens. And then according
- 8:47Speaker 1: to tokenomics, both projects have made more than eighty percent
- 8:50Speaker 1: of their total tokens held in addresses believed to be
- 8:53Speaker 1: owned by the development team. And everybody knows if you're
- 8:56Speaker 1: in crypto, if there's velopment team that's holding most of
- 8:59Speaker 1: the assets. Mostly it's a rug pull. Interesting thing here
- 9:02Speaker 1: is how this might play out from a political standpoint. Now,
- 9:05Speaker 1: the good point is is that most development teams need
- 9:08Speaker 1: the money, and that's the difference I think here. So
- 9:11Speaker 1: is there a greater plan of foot here of how
- 9:15Speaker 1: this is going to develop into something else down the road.
- 9:18Speaker 1: That's what I'm watching very closely. Last up in the article,
- 9:21Speaker 1: there's developing pattern with Donald Trump and a crypto initiative
- 9:24Speaker 1: doesn't directly benefit even it's a federal bitcoin reserve, than
- 9:28Speaker 1: he won't actually push for it. That's the question mark
- 9:30Speaker 1: right here is the federal bitcoin reserve, Because if you
- 9:33Speaker 1: think about where Trump's positions have been where he's invested,
- 9:37Speaker 1: It's mostly been within the eth ecosystem, so that in
- 9:40Speaker 1: itself is pretty interesting. Here's the poly market right now
- 9:44Speaker 1: on Trump the token and whether or not it's going
- 9:46Speaker 1: to get listed on coin based and it's actually been
- 9:47Speaker 1: declining a little bit since January eighteenth, and of course
- 9:50Speaker 1: today we're only two days in, but it's sliding a
- 9:53Speaker 1: little bit, which is kind of interesting because Robin Hood
- 9:56Speaker 1: listed it, and that I think is interesting because we
- 10:00Speaker 1: see Robin Hood out coinbasing the market in this bull run,
- 10:05Speaker 1: and especially if we see an all coin season exploding,
- 10:08Speaker 1: which I anticipate we're about to, this could get pretty
- 10:12Speaker 1: heated for the top exchanges in the United States and
- 10:15Speaker 1: Robin Hood could start really pushing a little bit harder.
- 10:18Speaker 2: Trump.
- 10:18Speaker 1: Also, Trump's crypto platform makes strategic eight domain purchases, and
- 10:23Speaker 1: this is kind of interesting because remember the Trump has
- 10:26Speaker 1: been really a bitcoin president, and he's talked about the
- 10:29Speaker 1: bitcoin strategic reserve in the first administration.
- 10:32Speaker 2: We talked about earlier.
- 10:34Speaker 1: At least the documents that we're seeing coming out of
- 10:36Speaker 1: the administration so far, there has been no mention of
- 10:39Speaker 1: a bitcoin strategic reserve, so that in itself still gets
- 10:43Speaker 1: people a little bit uneasy, I think, especially bitcoiners moving forward. Now,
- 10:48Speaker 1: granted it's only day one, so there's a lot of
- 10:50Speaker 1: time to go. But World Liberty Financial acquired some domain
- 10:54Speaker 1: trump Coin dot eth, Eric Trump dot eth, So we're
- 10:57Speaker 1: gonna probably see a lot of these play in to
- 11:00Speaker 1: the future of where this is going. And I think
- 11:02Speaker 1: they have figured out digital assets are a new sector
- 11:06Speaker 1: that they are going to be very involved in in
- 11:09Speaker 1: the years going forward. So expect Trump's to be around
- 11:12Speaker 1: for a very long time, especially maybe with Baron Trump
- 11:16Speaker 1: and Eric Trump continuing to move in this direction. But
- 11:18Speaker 1: the platform required fourteen thousand, eighth representing an investment of
- 11:21Speaker 1: about forty eight million. This is the time pub there's
- 11:24Speaker 1: a lot happening, I think here and I'll show you
- 11:26Speaker 1: the layup that kind of shows the wallet. This is
- 11:29Speaker 1: World Liberty Financial right now. They're sitting right now on
- 11:32Speaker 1: the portfolio, mostly in eth as a token. But if
- 11:36Speaker 1: you look at holdings by chain, let me kind of
- 11:38Speaker 1: zoom in on that. Guys, that's three hundred and twenty
- 11:40Speaker 1: three million right now. Even if ethereum just three exs
- 11:43Speaker 1: from here, that's a billion dollar portfolio positioning.
- 11:47Speaker 2: So as you can see.
- 11:48Speaker 1: There is a lot happening if you look at just
- 11:50Speaker 1: token balances and how quickly we've seen this cycle going
- 11:54Speaker 1: into East. So is it a cycle where ETH could
- 11:58Speaker 1: be benefiting from a lot of this act activity getting
- 12:01Speaker 1: ready to hit the market, especially with the pro crypto
- 12:04Speaker 1: scenarios that are playing out in DC. Here's Eric Trump
- 12:08Speaker 1: talking about this also. He tweeted this yesterday and simply said,
- 12:11Speaker 1: wait until you see what they do tomorrow. So could
- 12:14Speaker 1: see a lot of more a lot more activity within
- 12:17Speaker 1: the crypto markets for sure.
- 12:19Speaker 2: If you look at the market.
- 12:20Speaker 1: Overall, the new top made in America tokens by market cap.
- 12:25Speaker 1: Now these all the lists of tokens that are you know,
- 12:30Speaker 1: so called made in America.
- 12:31Speaker 2: Some of these I would have issue with.
- 12:32Speaker 1: But XRP leading the way right there, Salana Doge Cardono,
- 12:37Speaker 1: chain Link Avalanche, and then you continue on down and
- 12:41Speaker 1: then oh wait a minute, there's the official Trump token
- 12:43Speaker 1: as well, you know, swap ave and so on. So
- 12:46Speaker 1: we are getting a new look at what maybe an
- 12:50Speaker 1: American crypto strategic reserve could look like. Could it be
- 12:54Speaker 1: a lot of these kinds of tokens playing into this.
- 12:56Speaker 1: So definitely wanted to be watching for sure. Another thing
- 13:00Speaker 1: thing to take a look at is what's going to
- 13:01Speaker 1: happen over at the CFTC. We've got the Avalanches founder
- 13:06Speaker 1: and CEO on the committee. So when you look at
- 13:09Speaker 1: the CFTC and there's Aveleebs with doctor m and Goundcir.
- 13:13Speaker 1: We've talked about him many times before. He produced leads
- 13:15Speaker 1: the Avalanche team, and that's interesting to see the CFTC
- 13:19Speaker 1: because that's the one regulatory body that I'm a little
- 13:22Speaker 1: bit worried about now. Granted there are some changes going
- 13:25Speaker 1: on that with Russ and Betham stepping aside, you know,
- 13:28Speaker 1: Gasler stepping aside. There are some benefits to all of that,
- 13:31Speaker 1: but it still rolls down to Bitcoin and most likely
- 13:35Speaker 1: Ethereum are commodities, So that's going to be regulated.
- 13:38Speaker 2: By the CFTC.
- 13:39Speaker 1: If you look at the Google trends right now and
- 13:42Speaker 1: you look at how interest over time on how to
- 13:44Speaker 1: buy crypto, Okay, the last time we really saw this
- 13:48Speaker 1: move was in twenty twenty one, which was back in
- 13:50Speaker 1: the April months of twenty twenty one, and then you
- 13:53Speaker 1: had that little spike back there in the fall of
- 13:55Speaker 1: twenty twenty one. Both those were bitcoin and all coin high.
- 14:00Speaker 1: So we had that big run up in early spring
- 14:03Speaker 1: of twenty twenty one, and then the big run up
- 14:05Speaker 1: near November in twenty twenty one that basically launched that.
- 14:09Speaker 1: Here we are four years later and we are projecting
- 14:12Speaker 1: a very similar move on. What this means now, what
- 14:16Speaker 1: does that mean to you guys? It means that all
- 14:17Speaker 1: coin season is ready to roll. We finally are there,
- 14:21Speaker 1: and I think the inauguration is basically kickoff point going forward.
- 14:26Speaker 1: Bullish US spot ETFs now bought eighteen thousand bitcoin this week,
- 14:29Speaker 1: while only thirty one fifty were minds, So the offset
- 14:33Speaker 1: of purchase versus available of new bitcoin very lopsided. So
- 14:37Speaker 1: that's going to continue to push bitcoin higher. Eric Balschuniz
- 14:40Speaker 1: kind hits it on the head right here. Gensler wasn't
- 14:43Speaker 1: even out of the building for five minutes, and then
- 14:45Speaker 1: the ETF industry unloaded all these filing frenzies for crypto.
- 14:49Speaker 1: So we're going to c XRP, Salana and many more.
- 14:52Speaker 1: I think starting to hit.
- 14:54Speaker 2: Paul's desk over there at the SEC. We'll see how
- 14:57Speaker 2: it plays out.
- 14:59Speaker 1: I've confirmed Eleanor Taratt right here that the real Donald
- 15:02Speaker 1: Trump has selected GOP Commissioner Caroline Fham. She will be
- 15:06Speaker 1: acting as the CFTC chair, so in place of Roustin Benam.
- 15:10Speaker 1: Now remember that fam is I would say she's I
- 15:14Speaker 1: wouldn't say totally pro crypto, but she's very pro XRP.
- 15:18Speaker 1: But I think she is at least in a somewhat
- 15:21Speaker 1: good position. And remember that XRP has been ruled not
- 15:25Speaker 1: a security, so that will be going on pretty quickly.
- 15:30Speaker 1: Another thing to take a look at here is what's
- 15:32Speaker 1: Nancy Pelosi doing? Is she going to buy some meme
- 15:34Speaker 1: coins here soon? Well, right now, she's going in on
- 15:38Speaker 1: some new stock trades. And of course with those, if
- 15:41Speaker 1: you zoom in on these right here, you've got Amazon
- 15:44Speaker 1: in there, Apple and Nvidia quite a few here lining up.
- 15:48Speaker 1: That's all happening toward the end of last year and
- 15:52Speaker 1: moving into her stock positions. And again this is something
- 15:55Speaker 1: that I know gets really out of hand with a
- 15:57Speaker 1: lot of people because this is one of those scenarios
- 16:00Speaker 1: where insider trading is always questioned. Last up, of course,
- 16:04Speaker 1: we'll take a look at the markets and of course
- 16:06Speaker 1: Bitcoin holding right now at about one to three at
- 16:10Speaker 1: time of recording. But the one that of course everybody
- 16:12Speaker 1: was watching over the weekend was Solana. Solana had ballooned
- 16:16Speaker 1: up to almost two hundred and ninety bucks and then
- 16:19Speaker 1: of course repositioned down or But the position that I
- 16:21Speaker 1: think Solana is in right now could be leading into
- 16:26Speaker 1: a run on the rest of the all coins, because
- 16:28Speaker 1: it was one of the only all coins.
- 16:30Speaker 2: That made a move over the weekend.
- 16:32Speaker 1: Most of what we saw active was the meme tokens
- 16:36Speaker 1: playing out there in the market, for sure, a lot
- 16:38Speaker 1: happening around that. I think the key here, guys is
- 16:41Speaker 1: get ready. We are in for a very very volatile
- 16:45Speaker 1: spring coming in and I think we are just now
- 16:48Speaker 1: seeing the beginnings of crypto becoming a very American thing.
- 16:52Speaker 1: So if you're not in our diamond circle, make sure
- 16:55Speaker 1: and get in on that. And did you guys know
- 16:56Speaker 1: we have a Telegram group that you can get in on.
- 16:59Speaker 1: I jump in there and talk back and forth with
- 17:01Speaker 1: you guys. So feel free to click.
- 17:03Speaker 2: The link down below.
- 17:03Speaker 1: We've got a link to that you guys can jump
- 17:05Speaker 1: in and you'll get inside what we're doing at least
- 17:09Speaker 1: some of the advances of our research and some of
- 17:12Speaker 1: our content over there. So check it out. Also follow
- 17:14Speaker 1: me out there on x app. Paul Baron, We'll catch
- 17:16Speaker 1: you next time, right here on Techpath