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U.S. Government Crypto Portfolio🚨Massive Dump Coming? · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Let's get into the market today and talk about where
• 0:09
  Speaker 1: and who is holding a lot of tokens, and that
• 0:11
  Speaker 1: includes the US government and really their position along with Blackrock,
• 0:15
  Speaker 1: which has also made some news this week, so we'll
• 0:17
  Speaker 1: break it all down for you. It does have an
• 0:19
  Speaker 1: impact on where crypto could be going just in the
• 0:21
  Speaker 1: next few weeks. So my name is Paul Barren. Welcome
• 0:24
  Speaker 1: back into tech path. All right, I want to talk
• 0:26
  Speaker 1: about two things. One, of course, I want to thank
• 0:29
  Speaker 1: our sponsor, and that is I Trust Capital. This is
• 0:31
  Speaker 1: a place where you can look at long term holding.
• 0:33
  Speaker 1: We are now getting toward the end of the year
• 0:35
  Speaker 1: and that usually means prepping for tax season, taking those advantages,
• 0:40
  Speaker 1: and a CRYPTOIRA is one of them. Just to visit
• 0:43
  Speaker 1: I trustcapital dot com. Use our link. It's going to
• 0:46
  Speaker 1: give you a one hundred dollars funding reward if you
• 0:48
  Speaker 1: decide to go that direction. You can get bitcoin, ethereum,
• 0:51
  Speaker 1: pretty much anything you want, including precious metals over there
• 0:54
  Speaker 1: at I Trust. So a few things happening today Right now,
• 0:58
  Speaker 1: gold breaks a new record price holding at twenty four
• 1:02
  Speaker 1: ninety two. We're about to hit that golden number of
• 1:06
  Speaker 1: twenty five hundred and of course everybody, I'm clear, and
• 1:09
  Speaker 1: I'm sure that Peter Schiff is over there just living
• 1:13
  Speaker 1: it up right now in Puerto Rico with these kind
• 1:15
  Speaker 1: of numbers with gold. And I'm probably saying I told you.
• 1:18
  Speaker 2: So quite a bit.
• 1:19
  Speaker 1: But I do have a clip on whether or not
• 1:22
  Speaker 1: you should buy gold or gold etf Take a look
• 1:24
  Speaker 1: and is this a good.
• 1:25
  Speaker 2: Time to get into gold ETFs?
• 1:27
  Speaker 3: Because gold has done so well last six months, is
• 1:30
  Speaker 3: gained about twenty two percent.
• 1:31
  Speaker 2: So if you don't want to buy physical gold, do
• 1:32
  Speaker 2: you go via ETFs. Look, if you look for the
• 1:36
  Speaker 2: last twenty four years, the average return per year has
• 1:39
  Speaker 2: been roughly ten percent, outstripping almost any other investment in
• 1:42
  Speaker 2: the world. I think that will continue. I think the
• 1:44
  Speaker 2: trend is accelerating. If I would buy really gold, I
• 1:47
  Speaker 2: won't really touch most of the ETFs because a lot
• 1:50
  Speaker 2: of time more questionable on what they really hold. Do
• 1:53
  Speaker 2: they have blending, borrowing greens? Who owns it? Who's the
• 1:56
  Speaker 2: first right to it? It's a financial instrument packaged a
• 1:59
  Speaker 2: right good all right?
• 2:01
  Speaker 1: So as you heard it from him self, custody is
• 2:03
  Speaker 1: the way to go, even with gold. And of course,
• 2:06
  Speaker 1: you know, come on, let's go. Bitcoin is of course
• 2:09
  Speaker 1: performing much greater over that same period that he was
• 2:11
  Speaker 1: talking about, so much so that Blackrock is now saying
• 2:16
  Speaker 1: all in. And what they mean by that is they
• 2:19
  Speaker 1: take over as the top money manager when it comes
• 2:23
  Speaker 1: to digital assets, holding twenty two billion now just surpassing Grayscale.
• 2:27
  Speaker 1: So this is a big deal because this is Wall Street, guys,
• 2:30
  Speaker 1: this is mainstream Wall Street, and it's the biggest asset
• 2:34
  Speaker 1: manager on the planet. There is nothing bigger, and they
• 2:38
  Speaker 1: have chosen to go the digital asset route. So again,
• 2:40
  Speaker 1: this just more fuel to the fire as to where
• 2:43
  Speaker 1: this market is going. Other things that are happening right now,
• 2:46
  Speaker 1: and I think this is the one that everybody's watching
• 2:48
  Speaker 1: is ten thousand silk Road bitcoin. Around five hundred and
• 2:51
  Speaker 1: ninety three million have been moved to coinbase Prime. And
• 2:55
  Speaker 1: if you look at this, many people would say, oh gosh,
• 2:57
  Speaker 1: you know, the government's getting ready to drop a drop
• 3:00
  Speaker 1: a node here and start to move. If you look
• 3:03
  Speaker 1: at what is actually happening, US Marshall Service chooses coinbase
• 3:07
  Speaker 1: to safeguard and trade its large cap digital asset portfolio.
• 3:11
  Speaker 1: So essentially this is just the place to park it
• 3:13
  Speaker 1: because unfortunately the government doesn't figure out how self custody works,
• 3:17
  Speaker 1: so they're using the idea of prime custody with Coinbase.
• 3:21
  Speaker 1: One thing to look at is the portfolio itself. So
• 3:24
  Speaker 1: if you look at this, and this is kind of interesting,
• 3:27
  Speaker 1: and if you look at that of course right now, Bitcoin, Ethereum,
• 3:31
  Speaker 1: tether wrapped, oh rapped interesting, and then all the way
• 3:35
  Speaker 1: down into USDC, even finance and so on, so render
• 3:39
  Speaker 1: being held in there, link being held, sand sandbox being held.
• 3:44
  Speaker 1: Everything above one million, though, I think is the ones
• 3:47
  Speaker 1: to watch. When you look at that, and then you
• 3:49
  Speaker 1: look at holdings by chain, you can kind of see
• 3:51
  Speaker 1: right here, number one right there, of course is Ethereum
• 3:55
  Speaker 1: holding at three hundred and sixty four million in value,
• 3:59
  Speaker 1: and of course even Avalanche holding a good position. So
• 4:03
  Speaker 1: this is in reference to what they're holding right now.
• 4:06
  Speaker 1: So when you actually take a look at the profit
• 4:08
  Speaker 1: and loss zipping along here, you can kind of see
• 4:12
  Speaker 1: they are in profit right now and this is the
• 4:14
  Speaker 1: all time profit in comparison, so almost eight billion right
• 4:18
  Speaker 1: now in profit of that twelve billion that is being
• 4:21
  Speaker 1: held here, so significantly high performance overall, not bad. So
• 4:26
  Speaker 1: if you do have a concern that the government could
• 4:29
  Speaker 1: be dumping on a lot of these, including the amount
• 4:32
  Speaker 1: of ethereum, the amount of avalanche is there, the amount
• 4:35
  Speaker 1: of bitcoin that's there. The one token that is not
• 4:37
  Speaker 1: there that could get exposed is Salona. I want to
• 4:41
  Speaker 1: go to a clip real quick to kind of give
• 4:42
  Speaker 1: you an update of what's happening there.
• 4:43
  Speaker 4: Take a look, and I'm expecting price targets from you
• 4:46
  Speaker 4: so I can give me an excuse to do something
• 4:49
  Speaker 4: dangerous and dastrially. So in solonas where.
• 4:53
  Speaker 5: It's probably north of a thousand, I think the range
• 4:55
  Speaker 5: for me is a worst cases eight hundred mid cases
• 4:59
  Speaker 5: like twelve hundred upper case in a blow off top
• 5:03
  Speaker 5: would be two and a half thousand.
• 5:04
  Speaker 4: I said, well, this network stops a lot. He says, yeah,
• 5:07
  Speaker 4: it stops a lot because a lot of users, and
• 5:09
  Speaker 4: so he'll fix, meaning anatotly the creator of Salona will
• 5:12
  Speaker 4: fix the workstopages. Do you believe that, well they've stopped so, yes,
• 5:20
  Speaker 4: because Solana flip ethereum.
• 5:22
  Speaker 5: I don't think so, you know, do you think?
• 5:24
  Speaker 4: I mean, if this thing is going to replace a
• 5:26
  Speaker 4: lot of banking transactions, shouldn't it will be worth at
• 5:30
  Speaker 4: least a trillion dollars.
• 5:31
  Speaker 5: I think all of these big blockchains will be worth
• 5:34
  Speaker 5: multiple trillions of dollars.
• 5:36
  Speaker 4: Okay, So the message from Raoul Paul and also Anthony Scaramusci,
• 5:40
  Speaker 4: but you're the big whoa, I'm just a tiny biker
• 5:43
  Speaker 4: is relax, don't get yourself too crazy with the volatility.
• 5:47
  Speaker 1: All right. So I think a lot of people are
• 5:48
  Speaker 1: on that camp in terms of where some of these
• 5:50
  Speaker 1: all coins will be going. But I think the use
• 5:52
  Speaker 1: case scenario is the key that plays out for Solana,
• 5:56
  Speaker 1: and they are right. I mean, there are a lot
• 5:58
  Speaker 1: of things that we will have to see fix. Obviously,
• 6:00
  Speaker 1: fired answer is a big question mark right now that
• 6:04
  Speaker 1: has to be resolved. Most likely that'll happen over at breakpoint,
• 6:07
  Speaker 1: which is coming up just around the corner. So we
• 6:09
  Speaker 1: could see some pretty big things here. Further on to
• 6:12
  Speaker 1: other wallets to track out there. Well, here's mister Donald
• 6:15
  Speaker 1: Trump not doing quite as well. He's holding a little
• 6:18
  Speaker 1: bit more in the way of ethereum if you look
• 6:21
  Speaker 1: at by chain, Yes, almost two and a half million
• 6:24
  Speaker 1: in ethereum, not a lot in terms of assets, but
• 6:27
  Speaker 1: a lot of meme coins and overall, Trump not doing
• 6:30
  Speaker 1: too well when it comes to profit and loss. I'll
• 6:33
  Speaker 1: zoom in on that to give you guys an idea
• 6:35
  Speaker 1: of where he is right now, declining after that big spike,
• 6:38
  Speaker 1: and then of course where he is right now. All right,
• 6:40
  Speaker 1: so let's show a little bit here by the chain,
• 6:43
  Speaker 1: so ethereum leading in a base is still in there,
• 6:47
  Speaker 1: avalanches in there, so you've got a pretty good mix
• 6:50
  Speaker 1: here of traditional chains. But again it's meme. I think
• 6:53
  Speaker 1: getting access to the core asset would be the strategy.
• 6:56
  Speaker 1: Obviously to go there, you've got to look at other
• 6:58
  Speaker 1: strategies happening, and one that we always love to look at,
• 7:01
  Speaker 1: of course is Nancy Pelosi, no doubt the queen. I
• 7:05
  Speaker 1: think of these trades this one. I don't necessarily agree
• 7:09
  Speaker 1: that this is a great trade, but it's almost as
• 7:12
  Speaker 1: if you know something here, because if you look at
• 7:15
  Speaker 1: this back in July, the entry point right after a
• 7:17
  Speaker 1: big sharp dip entry it goes up. Could have made
• 7:20
  Speaker 1: a little bit of profit right there. I'm not sure
• 7:22
  Speaker 1: why she didn't sell there. And then a decline back
• 7:25
  Speaker 1: to a pre much pre and then it has corrected again,
• 7:29
  Speaker 1: so right now a plus four percent in terms of
• 7:33
  Speaker 1: her by just back in June. That being said, you
• 7:37
  Speaker 1: got to look at where her trades are being made.
• 7:39
  Speaker 1: Look at this activity right now, fifty eight trades, fifty
• 7:43
  Speaker 1: million in volume. That's insane. Now some of the trades
• 7:46
  Speaker 1: out here, man, I'm telling you, she's a pro trader,
• 7:49
  Speaker 1: Microsoft and Vidia, Broadcome and Vidia again, Tesla holding in Visa.
• 7:54
  Speaker 1: So the point being is that she's definitely up significantly overall.
• 8:00
  Speaker 1: To go to a clip real quick, that'll give you
• 8:02
  Speaker 1: guys a little bit more insight to where maybe Joe
• 8:06
  Speaker 1: Biden is. Take a look.
• 8:14
  Speaker 3: White House. They created economies valued to two hundred and fifty
• 8:18
  Speaker 3: billion dollars. I like to talk to you about borrowing
• 8:22
  Speaker 3: some money from here all, and that is expected to
• 8:28
  Speaker 3: double in the next few years. And there's more people
• 8:31
  Speaker 3: want to go into your business than the other these days.
• 8:36
  Speaker 3: What do you think when I retire or any think
• 8:38
  Speaker 3: I'm going Part of dealing with government is just even
• 8:43
  Speaker 3: though when it's well intended, it's a gigantic bureaucracy, and
• 8:47
  Speaker 3: you're breaking through in ways that it's never been done before,
• 8:50
  Speaker 3: at least in the eight hundred years I've been in boletics.
• 8:56
  Speaker 1: His jokes are getting better, budd He was talking to
• 8:58
  Speaker 1: the Creator economy, which he kind of gets into it.
• 9:02
  Speaker 1: You look at his current portfolio, Bill or excuse me,
• 9:06
  Speaker 1: and Joe Biden and Lady Joe Biden have an estimated
• 9:09
  Speaker 1: net worth around ten million this according to Forbes. You
• 9:12
  Speaker 1: look at Kamala this is a little different her current
• 9:15
  Speaker 1: position right now after exiting a lot of her trades
• 9:18
  Speaker 1: when she started going to politics, but right now estimating
• 9:21
  Speaker 1: Harris's networth to be about eight million, up from seven
• 9:24
  Speaker 1: million in twenty twenty one. Trump his net worth said
• 9:28
  Speaker 1: to be net worth around five point nine billion. For
• 9:31
  Speaker 1: obvious reasons, he's been more in business and less in politics.
• 9:35
  Speaker 1: So all that being said, you've got the government that
• 9:38
  Speaker 1: is playing heavy into digital assets, and are we in
• 9:42
  Speaker 1: a position where we're just going to start to see
• 9:44
  Speaker 1: more and more of traditional mainstream exposure to what we
• 9:50
  Speaker 1: know out there as crypto assets. And of course I
• 9:52
  Speaker 1: think that's the factor that plays in long term. Now,
• 9:55
  Speaker 1: there is one strategy here that I think some people
• 9:58
  Speaker 1: are looking at, whether you like or you don't like it,
• 10:00
  Speaker 1: because Trump has kind of positioned, I would say, has
• 10:03
  Speaker 1: positioned as a pro crypto candidate. The one that we
• 10:07
  Speaker 1: have not heard from is remember RFK, He's pro crypto
• 10:11
  Speaker 1: is Kamala Harris. So I want to go to a
• 10:13
  Speaker 1: clip here. This is from the Bankless team, and they're
• 10:15
  Speaker 1: talking a little bit more about a different strategy.
• 10:17
  Speaker 6: Take a look if you want some amount of hopium.
• 10:20
  Speaker 6: Because I've been listening to these political podcasts, the Harris
• 10:23
  Speaker 6: administration is not giving out any policy indications about anything
• 10:28
  Speaker 6: at all. Now, maybe that's the reason as to like
• 10:31
  Speaker 6: why she hasn't decided to make a move on crypto.
• 10:34
  Speaker 6: Maybe that's hopium. Maybe we should reconsider our lobbying efforts.
• 10:39
  Speaker 6: We have Donald Trump, he is the pro crypto president.
• 10:42
  Speaker 6: Let's focus all of our industry's attention and energy on
• 10:46
  Speaker 6: the Harris campaign because those are the people that are
• 10:49
  Speaker 6: getting out to get us. And there is any time
• 10:51
  Speaker 6: I tweet anything like this, which is like crypto is bipartisan,
• 10:55
  Speaker 6: Let's make sure we win both parties. I just get
• 10:58
  Speaker 6: like attacked by like all all of the crypto rights
• 11:01
  Speaker 6: who are like, why are you supporting Kamala? Why are
• 11:04
  Speaker 6: you trying to why are you trying to throw your
• 11:06
  Speaker 6: support to Kamala, which I am not trying to do.
• 11:08
  Speaker 6: I am trying to throw my support behind the reform
• 11:12
  Speaker 6: of Kamala's campaign and I would just like to say
• 11:14
  Speaker 6: that that that is like strategically the correct move to do. Yeah,
• 11:19
  Speaker 6: and you and I are etholders, Okay, we know what
• 11:21
  Speaker 6: COPE feels like and what it sounds like.
• 11:25
  Speaker 3: All right.
• 11:25
  Speaker 1: So a couple of points that I would make there
• 11:27
  Speaker 1: with the bankless guys is that they're kind of right
• 11:31
  Speaker 1: in the sense that you know, there maybe should be
• 11:33
  Speaker 1: a little bit of lobbying in that direction, but let's
• 11:36
  Speaker 1: let's be real, We've already been lobbying in that direction.
• 11:39
  Speaker 1: I would say the entire industry has been pushing heavily
• 11:42
  Speaker 1: to get Fit twenty one through, to get the SAB through,
• 11:46
  Speaker 1: to get you know, digital assets on Capitol Hill in
• 11:49
  Speaker 1: a big way, and it has made its way into
• 11:52
  Speaker 1: actually I think starting to shift the halls of Congress
• 11:56
  Speaker 1: and meaning a lot more Democrats that have started to
• 11:58
  Speaker 1: go pro crypto. Difference is the White House, so the
• 12:03
  Speaker 1: administration and I think more and more leaning into Elizabeth
• 12:08
  Speaker 1: Warren could be the real factor here. So this is
• 12:11
  Speaker 1: the bureaucratic side of things, which is the opposite side
• 12:15
  Speaker 1: of what we're lobbying. I feel like we've already won
• 12:17
  Speaker 1: the Democratic lobby with based on a lot of the
• 12:21
  Speaker 1: achievements we've been able to do in DC. So flipping
• 12:25
  Speaker 1: the White House in terms of policy means you have
• 12:27
  Speaker 1: to flip guess who Senator Warren and Gary Ginsler. That's
• 12:31
  Speaker 1: the bureaucrat and the guide. That's pretty much, you know,
• 12:34
  Speaker 1: setting the crypto world on fire in terms of attacks,
• 12:39
  Speaker 1: that's the part I just don't know if we can achieve,
• 12:41
  Speaker 1: and that's a struggle I think we're going to just
• 12:43
  Speaker 1: be dealing with for quite some time. But if we
• 12:45
  Speaker 1: continue to win senators and congress people, then yes, there
• 12:48
  Speaker 1: is an opportunity for us to actually get the votes through.
• 12:51
  Speaker 1: Maybe we get into a position where we can force
• 12:53
  Speaker 1: the hand of a White House regardless of what president
• 12:57
  Speaker 1: gets in office. Coming up, all right, we're going to
• 12:59
  Speaker 1: be covering a lot of this, especially as we go
• 13:01
  Speaker 1: into obviously I think more and more critical timing here
• 13:07
  Speaker 1: for Noll and crypto, but also just the general economy,
• 13:11
  Speaker 1: especially around the situation with our political landscape. So make
• 13:15
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• 13:28
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