Latest / The Paul Barron Crypto Show / Judge Fines SEC For Abuse of Power | Blackrock Bitcoin ETF Flips Grayscale

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Judge Fines SEC For Abuse of Power | Blackrock Bitcoin ETF Flips Grayscale · The Paul Barron Crypto Show

0:07
The dominoes keep falling and the sec of course is now facing a fine.
0:12
Well I don't know if it would be a fine or not, but the
0:14
fact that they actually lost something had to pay up for it. We'll break
0:17
it all down for you what this does to Bitcoin and ethereum in the markets
0:21
as we go forward, You're gonna love it. My name is Paul Barrow.
0:23
Welcome back to the tech Path. Thanks again for coming in today on
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our link one hundred dollars funny reward. All right, let's go into a
1:11
couple of points right here. The judge has dismissed the Debt Box case orders
1:15
the SEC to pay one point eight mili in fees, which, if you
1:19
look at it, and I'll show you some things here that they kind of
1:23
talk about, it was this was a very favorable decision for the SEC in
1:29
terms of the I won't call it the find the fees, but they cited
1:33
the March ruling Core found SEC engage bad faith conduct over temporary restraining order and
1:38
the freeze of Debtbox's assets. All of that was saying, can I do
1:41
that sanctions against the SEC required commission to cover all attorney fees and the costs
1:46
arising from the in providently entered ex partey relief. I love it when these
1:53
guys put this in here, since the company presented documents suggesting that the Commissioner
1:57
may fall statements and misrepresentations attempting to obtain or a temporary retraining restraining order against
2:04
the firm, mini in the crypto space pretty much said this is the perfect
2:07
example of regulatory overreachlessen, We don't need this case to know that has been
2:12
going on. This was just one that I think put it to rest.
2:16
Another tweet out there, which came from debt Box, this goes into a
2:20
little bit more detail. There's something here that I want everybody to realize,
2:24
you know, because it says, hey, we have fantastic news sharing the
2:27
debt box community today. Basically we won and they got to pay us some
2:31
money to cover our attorney's fees. But if you look at the size and
2:36
scope of this case, which in reality in the cryptosphere it definitely wasn an
2:42
FTX size, you know, it wasn't definitely into some of those crazies in
2:46
the twenty one run. But it was a big one because it involved the
2:50
SEC and you know, the bad antics of what was going on, and
2:53
with all that, you would think that this kind of statement would get more
3:00
then six thousand views, one hundred and sixty six likes. So, I
3:04
mean, the irreparable damage to this company is clear. Whether you like it
3:08
you don't, whether you're following debtbox or not, it was a big one.
3:13
You know, I was looking at just their website just to we haven't
3:16
done deep dives on this, but tokenized assets across all these different categories.
3:22
This was a company that may or in a project that might have had,
3:24
you know, a shot at doing something cool. But right now I think
3:29
they're going to be struggling scobt And this was kind of the metal lawment.
3:34
Of course, mister mister James himself, he says, Debt Box Tobaca Wolf,
3:38
for all time be the indelible legacy of the leadership of mister Gerry Ginsler.
3:43
It's sad day for those of had held the institution of the SEC in
3:46
highest regard and the end. Paul Graywell kind of talking about it in terms
3:51
of, you know, the receivership, the fines, you know that the
3:54
SEC had to pay. In reality this should have been I would think,
3:59
you know, just the bad faith in how this company is going to be
4:04
dealing with this for quite some time. This is a ten to fifty million
4:09
dollars in my opinion, damage to a company that could have been something quite
4:14
a bit more. I want to go over to a clip real quick,
4:16
and the clip is going to get into a little bit more around Gensler and
4:20
is arsh nemesis the mister Tom Emmer. Take a look. Were you surprised
4:27
at the SEC approval of ether ETFs? No, no, you thought they
4:32
would do that. He's been getting his rear end handed to. Gary Gensler
4:36
has been the worst thing that could ever have happened to the SEC. He
4:41
has gone way beyond the authority that he has. He literally, he literally
4:48
violates the mission of the SEC every day from his open door policy. Is
4:54
the biggest, biggest kroker you know what that ever existed. It's literally,
4:58
come on in, tell me what your project, and then we're going to
5:00
sue you. His colleague in the Senate, both of them are starting to
5:06
uh, they've lost their Does that mean from your you their defang In other
5:11
words, the crypto agenda is winning? Is it tactical? I mean,
5:15
if let me put it this away, if he's approving ether ETFs and he's
5:18
approved Bitcoin etf, so we see how they've taken off. Does it matter
5:23
if he's in that job. I'd be very careful about trusting a cornered animal
5:28
with nothing to lose, but it's life. Gary Gensler's on his way out.
5:33
I think the regardless of who wins the election. Do you think I
5:36
think he is. I think you've seen him lose favor with the administration,
5:42
and that's why you have a Chuck Schumer who literally leads the charge for the
5:46
Democrats in the Senate to get rid of this foolish Yeah. So, as
5:55
you can see there, obviously Emmor not a lover of what's happening in the
5:59
SEC right now now. And an interesting statement though in the fact that he
6:01
thinks that Gensler might be out regardless of what side wins. That is intriguing
6:08
to me because of course we have seen bipartisan crossover in SAB twenty one and
6:12
then also in the footbill, which does make me think that there are some
6:16
tides changing and maybe the and this is something I've talked about many times,
6:20
is that once the political baggage is too heavy to carry, Gensler and Elizabeth
6:26
Warren will have to cut their ties and you know, we'll see a different
6:29
face. Now here was Emmer talking about this, Gessler making us great,
6:32
great use of American tax pay of dollars, just talking about the SEC paying
6:36
the one point eight million of the debt box. So you know, great
6:41
use, but in reality that should have been I think should have been considerably
6:44
higher. Here's another tweet right here, just what's happening right now this week
6:47
eighth of course, rally twenty six percent in the week, posting the largest
6:51
gang Sin's twenty twenty one. Big news for Etheroreum because I think this is
6:55
one of the things that we've talked about is the theorem has been slow to
6:58
move, but I think we are in for a different run up now,
7:01
and we'll talk about that in a minute. This has been driven by the
7:04
SEC approval of the ETTF course and the approval of second significant mouthstone for crypto's
7:10
market this year after Bitcoin ETF approval. But I also think just the fact
7:14
that we've seen such an about face in the regulatory climate, all of that
7:18
is very positive for crypto in general. And it's still not over because there's
7:21
still a few other things. Once we get first of all, clarification on
7:27
the finalization of these ets for ethereum and we start to see the interest levels
7:32
at the investment houses, I think that could start to change things quite a
7:35
bit. All of that is very bullish, and of course, remember we're
7:39
gonna get a stable coin bill still by the way, we're going to be
7:42
dropping a video on that here a little bit later today, so make sure
7:45
and check that out, talking all about stable coin bills where this will hit
7:48
in some very special projects that might benefit from that. So make sure and
7:54
check that video out special like button. If you like these breakdowns and news
7:58
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that's still you know, sixty plus percent that could be out there hitting that
8:22
button right now. Just in Ethereum Futures reach record levels after the approval of
8:26
the spot etf Futures open interest rate search to a thirteen bill, so that
8:31
in itself also a good sign I think in general for eth overall, we
8:37
got a nice poll out there having some fun with that. Make sure and
8:39
hit the pole. I'd love to get I'm kind of curious how this is
8:41
going to play out for sure. I want to go to this next clip
8:46
clip because this goes into Van K and their CEO. And remember Van K
8:50
has been one that we've kind of toyed with of being very pro eth and
8:54
the ecosystem, and he talks about what is next take a look. I
9:00
think the biggest overwhelming thing is sort of what Todd alluded to, which is
9:03
the education aspect of talking to investors. So but what I'd like to say
9:09
is, look, this is software, and if you're an investor, sure
9:11
you need to know the macro you know, FED policy and all that with
9:16
respect to bitcoin and our ETF hoddle h O d L, but you also
9:20
have to know how their software networks and how is the usage on those networks
9:26
changing, and so that kind of information, even though it's totally transparent on
9:31
the Internet, is very hard for the average investor to kind of analyze.
9:37
All right, So Venak kind of hitting on that, and you know,
9:39
his assessment there is that eat being software. You know, any kind of
9:43
technological advancement, some people don't necessarily move quickly. But if you just look
9:46
at the realization of profitability, people understand that. They understand just like when
9:54
you look at the quarterly earnings of Nvidia, you know what to invest in
9:58
based on the return. I think that could become one of the cornerstones of
10:03
Ethereum to see not only the network itself, the growth of the activity on
10:07
the network, but the kind of revenues we're going to see in staking and
10:11
all those kind of things that are going to play out, which opens up
10:13
the opportunity for investment back to the point of ETHTF. So all that could
10:18
really be very positive. He talks about the biggest hurdle being you know that
10:22
that was education. He goes a little bit further into it in this next
10:26
clip. Sure, we got step one, which is the exchanges have the
10:33
green light to list Ethereum spot ETFs. Step two as our prospectuses need to
10:39
be approved. So we're in the process of getting comments with it from the
10:43
SEC to get it in line with what their expectations are. And I assume
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that's true for all the other eight other applicants for the spot ETF approval.
10:54
And so then does this decision, you know, settle on the outstanding question
10:58
of our crypt as a security or a commodity question? Do is they provide
11:03
more clarity on that This is really one of the most amazing things that I've
11:09
seen in my career with respect to securities regulation. What happened is there was
11:15
a bipartisan vote in the House of Representatives to give authority for what I call
11:20
blockchain software or crypto or digital assets, but let's call it blockchain software.
11:26
Take it from the SEC and give it to the CFTC. Now, that
11:31
probably won't be voted on in the Senate this year. The name of the
11:35
bill is FIT twenty one. But the fact that that got sixty to seventy
11:39
Democratic representatives in the House meant that there was a real risk that the SEC
11:46
was going to lose any kind of jurisdiction over digital assets. All right.
11:52
So the point being is that we're getting a lot of major investment houses that
11:56
understand the possibility of what ethereum means to the investment community. And I think
12:03
we're going to see so many people starting to look at this and say,
12:05
well, what does it really mean? Because you think about the growth of
12:09
internet, mobile, social everybody kind of had their little thing this, of
12:13
course, was bank. Let's talk a little bit about this big conversation in
12:16
ethereum. You know, what's the narrative for many people would say, okay,
12:20
well's digital oil internet bond, you know, program of money tokenization.
12:24
I think the key here is the tokenization side, and he might be right
12:28
here on this that tokenization could be kind of the the buzzword that starts to
12:35
connect some of the bigger portfolios out there in terms of investment direction. And
12:39
if we do see that, it does mean that we could see a lot
12:43
more interest in the ethereum ETFs as they start to grow. Interestingly enough,
12:50
though, there is still a lot of push on Bitcoin, and for good
12:54
reason. You know, it's still one of the fastest growing ETFs out there.
12:58
But I'm just kind of curious is what this is going to look like
13:01
in the next ten years. Well, if you look at what's happening right
13:05
now, remember regulatory alignment all in place or somewhat in place. We're starting
13:09
to see political baggage starting to be pushed off. And now we've got it
13:15
on the talking stage. I'm curious what it's going to be on a debate
13:18
stage. And then what's next. Well, then his investment in the community
13:22
that comes around that. So if you think about that, here, of
13:24
course is the CEO of Animal brands talking about this. That, of course
13:28
is mister Yachtsu talking about two hundred trillion within ten years. Now many of
13:33
this are much of this, I should say near term twelve to eighteen,
13:37
we can conceive a doubling or a tripling of the space that I think could
13:41
happen in gaming. It could happen to a certain extent in the early days
13:46
of real world assets and tokenized assets. But over the five to ten year
13:50
period, he's expecting the space to accelerate one hundred to two hundred times two
13:54
hundred trillion, oh or even bigger. I think we could reset kind of
13:56
number in a decade. It's entirelyivable that we're going to have a billion property
14:03
owners because of what we're going to have in terms of tokenholders. This is
14:05
not possible in physical world. So that in itself is something I think we
14:11
need to be paying real close attention to because this may be because this is
14:15
something that you know, we've talked about this. I've had many of the
14:18
advisors I work on different companies and groups, and they, you know,
14:20
they're talking about, you know, is this similar, you know, kind
14:24
of like AI. People would look back at Cisco and I'd say no.
14:26
There's a difference here in both of these areas, both in AI and also
14:30
in blockchain, is that the compounded effect of growth has nothing to do with
14:35
the way that the Internet grew or even how Cisco helped create the Internet,
14:39
because eventually that was a fixed universe, same kind of thing to a certain
14:43
extent, there were certain limitations. That's where I think blockchain changes all this.
14:46
And of course Eth is going to be center stage for most of this
14:50
ethereum do for all time high as count down to ethnears its end. A
14:56
couple of points right here, I'll get at crypto traders and tis paid strong
15:00
bitcoin price action in response to another ETF moment, launch of spot ETF products
15:05
on Eth in the United States at the same time, move could reduce Bitcoin's
15:09
share of overall market cap. Something seeing you and giving more all coin movement
15:16
to be the case. We have seen a little bit of pullback on Bitcoin
15:20
and ETH has somewhat stabilized right now around thirty eight hundred. So that'll be
15:26
very close to watch because I think this is something that this next move up
15:30
is going to be a critical one because of the political framework, the legislative
15:35
framework and this ETF that launches, because that'll set the stage I think going
15:37
forward. Dominance though, has likely peaked at around fifty eight percent. This
15:43
is according to Vanda Poppa. I don't know if that's going to be the
15:45
case, but we'll see valuations on all coins super low compared to Bitcoin.
15:48
Likely the next all time high going to be reached for ethereum, and we're
15:52
coming in on that. Remember that was around forty seven ish. We'll see
15:58
if that takes place here soon. Don't forget, drop some comments over on
16:03
the side and we'll try to get into that it. Yeah, if you
16:07
guys can send over the the social linko, pop it op there, got
16:11
it? Okay, but make sure and drop some questions over on the side.
16:15
I'll try to get some of those over there as well. All right,
16:18
let's take a look at another one. I want to go over to
16:19
a piece here that was done by pomp Anthony and Pompoliano. ETF's causing a
16:27
little bit of controversy, so he had that's a couple of points here.
16:30
First, prediction markets are causing some controversy between their users. People who had
16:36
bet against ETHTF approval claimed that the rule chanks were not technical approval of the
16:40
ETFs themselves. I tend to agree, but the people arguing that the actual
16:44
ETFs have not technically been approved yet, the spirit of the prediction market is
16:48
obvious, and the people were betting on broader Yes. No from the SEC
16:51
point being is that this is a lot of tip for tat I think in
16:55
terms of the bitcorner community on Yeah, it's not approved, gap, but
16:57
it's listen, it's going to be. This is just a matter of time
17:00
before all of this I play, of course plays out. He gets into
17:03
a little bit of this further in the article here. Second controversy is that
17:08
has been spun up is whether the SEC should approve all eight simultaneously. The
17:14
historically SEC created unspoken rule first at first of application. Improved incentives are essential
17:19
to capital market. So the situation as clear as not the same make it
17:22
fair? Remember Blackrock, I think their date is out in August. And
17:26
then remember we had several that are lined up right now, and all we
17:30
need is the S one finance to get those approved and moved forward. All
17:34
that pointing in the right direction. For I still think it's just a matter
17:38
of you know, I won't call it a rubber stamp, but it is
17:41
going to be something I think will play out pretty quick. This is pomp
17:45
explaining a little bit more about this around FUD and the ETF Listening, by
17:52
the way, I did read, I think it was last week you had
17:55
a headline A sound a little ominous about these ethereum et So are you a
18:00
fan or not? Well, I think that Wall Street's just woken up to
18:02
the fact that they can make money in this sector now. Right If you
18:04
look back three four, five years ago, they were all saying, we
18:07
don't like bitcoin, we don't like crypto. Now they realize there's profits here
18:11
and so they're going to continue to push and not only get the bitcoin ETFs
18:14
theory METFS, but they're going to try to go through this full stack.
18:15
And the question is what will regulators allow? How many are they going to
18:18
approve? How many coins are going to be on Wall Street by the end
18:22
of this year. I don't know if end of this year would be early.
18:26
I mean, I think that would be a little bit early. We
18:27
could be surprised on that. But there's going to have to be some validation
18:33
on the ETHTF, which I think there will be. Here's bal shunis talking
18:37
a little bit, and mainly because what we saw with this right here,
18:40
and that was the flipping of a gray Scale here. Of course, I
18:44
bit Blackrock now pretty much the category leader, and they just eclipsed Grayscale.
18:48
So this is pretty much their lead that they'll take over in terms of total
18:52
assets under management and take the pole position. But the fact that they were
18:56
able to do that in a such a short period of time. I remember
18:59
this is just in January to May. Here we are right now, and
19:02
they've already been able to go to that direction both on the decline of GBDC
19:07
but also the ascension of one of the best ETFs. So could that happen
19:11
with ethereum. Remember they're still launching more. Here's gray Scale looking to launch
19:18
a stax potential trust here. So we're going to see more activity back to
19:25
Pomp's point, but the question will be which ones this is one we're still
19:29
betting on. It could be Avalanche, could be a Salona, could be
19:32
a variety of others. I mean, we've seen all sorts of crazy expectations,
19:36
including the XRP chain link and others that could play into this bitcoin partnership.
19:40
This is starting to play out kind of weird for me. Bitcoin partnership
19:44
with Kathy Wood and mister b Kayley, you can kind of see her.
19:48
She's been very quiet you know here recently, especially with the ethtfs playing out
19:52
and are being part of this, But she aims to further strengthen bitcoin in
19:56
country, solidifying El Salvador's position. This is Bouokley saying this as a leading
20:03
player in the blockchain and cryptocurrency sectors and becoming a leading hub in the field.
20:07
Now with Kathy Wood kind of looking at this and where she has been,
20:14
it is intriguing to me because in my opinion, you know, she
20:17
always typically spots, you know, innovation. I'm not saying that bitcoin is
20:22
not innovative. Well yeah, i am, They're Notcoen is not innovative.
20:26
It's not innovative because it doesn't have those kind of flexes that are capable of
20:30
payments and all the other things. So I'm just kind of curious about where
20:33
this is going with Wood. She talks about it right here. Kathy would
20:37
have chooses bitcoin over ethereum hands down. Again, I just don't know where
20:41
that is coming from stating bitcoin hands down and her choice investment at the conference,
20:45
so this is just here a consensus going on right now. She argued
20:48
that no a crypto comes close and the potential of significance of bitcoin, but
20:52
that's I think that changes with volume, and if ETH does hit its promise
20:57
real world tookenized assets, we're going to see that. Why would we not
21:02
see a grandiose move in where ethereum could go or that ecosystem. But she
21:07
believes bitcoin could capture a significant portion of the global monetary supply, possibly as
21:12
much as twenty percent. This is where I think it will get interesting to
21:15
see if we start seeing nation states moving into ETH, and I think the
21:19
ETS will be a question mark there. Bitcoin as an insurance policy for countries
21:23
and individuals purchasing power, well, that could be really all of crypto in
21:27
reality, you know, if there's enough market liquidity there. Ripple of course
21:33
donates millions to supporting crypto friendly congressional candidates. This also will be a big
21:38
move in the right direction in terms of the political landscape, which again starts
21:42
to get into opportunities for Ripple, you know. And also I just think
21:47
in general awareness around crypto in general, but a lot happening there. Twenty
21:52
five million in the super Pac fair Shake, Fairshake over one hundred million in
21:56
donations right now, Look at that crazy one hundred million of donations. That's
22:02
real money, especially in these campaigns. I want to go to a clip
22:06
real quick, and this goes into one that goes into what's the expectations from
22:12
what we're going to see in the elections. Take a look. I feel
22:17
like a lot of Democrats, not necessarily the President himself, but a lot
22:19
of Democrats are starting to change their tune a little bit, maybe fearful of
22:22
losing that young vote. There's fifty plus million Americans that hold these assets.
22:27
And so if you're going to basically concede the fact that the Republican Party is
22:30
going to be pro crypto and you're going to take an anti crypto stance,
22:33
you can kiss those fifty million votes goodbye. Most likely, people for centuries
22:37
have been voting with their pocket who is best for what I can do financially
22:41
and crypto is just the latest manifestation of that. And so I think that
22:42
Trump really changed the game. He forced the hand of politicians on both sides
22:47
of the aisle. If you don't embrace this, you are now setting yourself
22:49
up to be the crosshairs of these crypto voters, and I think that people
22:52
finally realize not only are they passionate, it's a large group and they're willing
22:56
to go out to the ballot box. And that's going to change how politicians
22:59
treat this question. All right, So just to look at the stats here,
23:03
nearly two and three likely voters so on bitcoin believe it's an investment in
23:06
the future of blockchain tech. Weird blockchain technology. But this is going to
23:11
change over time because I think we'll start to understand, you know, really
23:15
where the technology is driving. But the point that Pop made yes clear,
23:19
it's this is now bipartisan. I think we'll see more of this, maybe
23:22
on the debate stage, and if it does, it's going to showcase I
23:26
think a lot of alignment around some of these big races that are really going
23:30
to determine how the Senate plays out. So all that going good, Let's
23:34
go over to the poll real quick, and then I'll get to a few
23:37
questions. Let's take a look, all right, who's most likely to dump
23:40
all their bitcoin first? Sailor Wood or swamp or Gox. Okay, well,
23:47
at least Cox is gonna be the one fifty seven. Looks like it's
23:49
that's going to be the case that, believe me, is the crypto pit
23:53
at work. They're very funny sometimes, so we go with there. Catherine
23:59
says, bitcoin machine, I scared of ethereum bitcoin protecting itself. That's the
24:03
typical thing. Listen, it's very very tribal out there. I will tell
24:07
you that confirm there won't be a sole etf this cycle. Lol. Two
24:11
bad soul holders, better luck next time. I tell you, man,
24:14
soul I hate that four hundred percent gain. Those are just terrible gains.
24:18
I mean, I just can't believe that those really is it four hundred percent
24:21
or is it more than that? I forget. It's just so much money
24:25
coming into those soul holders. These guys need to stop buying yachts, all
24:27
right, A fine for the sec Yeah, taxpayers money. I like that.
24:33
One. Cade says I should have got a lot more than a million
24:37
trying to change half these people's Okay, Yes, I agree with that.
24:41
Greed toganization seems to be the two markets that season stock traders would rather trade
24:48
in. I would agree. Yeah, we're going to see a lot of
24:49
that, and remember that when you get into the eleven sectors of finance and
24:56
now crypto being the twelfth, you're going to start to see assive growths in
25:00
a lot of these cross sectors because the one sector that crosses over into many
25:06
of those other sectors is crypto or will be blockchain. So it could be
25:10
Paul your picks for DeFi aro Jupe Uni, I like Uni. I like
25:14
you jupe Uni of course in the eco Jupe of course in Solana. Also,
25:18
would you select Link over Pith, Yes, even though I love Pith
25:22
some weirdness, as you guys probably been following a little bit of the Pith
25:25
activity. But chain link is just that's a that's a strong token and just
25:30
there, you know, oracles and really understanding. Go do some deep dives
25:33
on chain Link. It's worth your time to really understand what they're doing.
25:37
What else do we have XRP Talk to us what happened with XRP in terms
25:42
of the charts. I'm assuming that's what you're asking here. I don't know
25:47
if we'll get into chart analysis today, but we can say a little bit
25:51
here. So XRB kind of flat. Remember they have their big event coming
25:56
in the summer and they're going to do their reveal, so I think we'll
26:00
see a little bit of activity there. The question is is do they drop
26:03
something on the market that nobody's expecting, And that, to me is what
26:07
you got to watch for with garling House and his team, Genser double cross
26:12
I, you know, I almost wonder about that. This is something we've
26:15
had conversations internally about did did Gensler get double crossed? Here? It's an
26:22
interesting position because you think about how the White House have kind of and the
26:26
administration in general. Those poll numbers are starting to roll in now, and
26:30
I think you have to respond to some of these poles. Guessler could have
26:33
been hung out to dry on this probably just heading down on the charts,
26:37
no doubt, you know. And again with Propy and others that are out
26:41
there, we're going to talk about real world assets and another video that we're
26:45
dropping. I think this is just a matter of timing, you know.
26:48
For if you believe in real world assets and some of the projects that are
26:51
out there on there, if you believe in that, and you think that
26:53
ETH and many of those ecosystems that are moving that direction, Avax and many
26:57
others, then you have to look at real estate. It's just going to
27:00
be a natural element. It's going to happen, all right, So this
27:06
is interesting. Bank lists postulated that ETHTF could trigger an NTF or an FT
27:11
bull run. Yeah, of course. I think that anytime you see excess
27:17
growth in any of these major categories and major portfolio positions, you know,
27:22
the next is going to be, you know, let's go play, you
27:25
know, and do a little betting. Debux was completely ruined by the SEC.
27:29
Yeah, I know. That's my point, Oz, is that you
27:32
have companies out there that all it takes is just the fact that the SEC
27:34
hassuing you, and then that's a problem unless they've got a mouthpiece and that
27:38
was their problem. You know, they didn't have enough there. Why would
27:42
anyone dump bitcoin? Everything is going on, you know, I think in
27:45
general you just look at you know, it's not that you would dump bitcoin
27:49
because I mean many people still hold it. You know, I still hold
27:52
some of that. But I look at where the growth percentages are going if
27:56
you're looking at any time of growth in the next ten years. But in
28:00
most cases with crypto, what we talk about here is this is just a
28:04
new financial system and there's going to be many projects, many tokens, and
28:10
a lot happening in this space that is going to be built around this.
28:12
So this is just a matter of which one do you like for sure?
28:17
All Right, guys, if you're not subscribed to the channel, hit it
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