Latest / The Paul Barron Crypto Show / Economic D-Day | U.S. Treasury Pump vs Crypto Market🔥

Transcript

Economic D-Day | U.S. Treasury Pump vs Crypto Market🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: All right, guys, so as you can see there, if
• 0:02
  Speaker 1: you had a chance to check in on that, first
• 0:04
  Speaker 1: of all, sorry for the technical difficulties on what they
• 0:07
  Speaker 1: were running into with the live stream coming in from
• 0:10
  Speaker 1: Scott Besson.
• 0:11
  Speaker 2: Of course, Besson.
• 0:13
  Speaker 1: Appeared to be a little bit shaken by the questions,
• 0:17
  Speaker 1: but more importantly, by his presentation.
• 0:18
  Speaker 2: Sometimes he is that way.
• 0:19
  Speaker 1: I've noticed that when he gets upset, and that is
• 0:23
  Speaker 1: the case right now, and that is economic sanctions coming
• 0:26
  Speaker 1: in on a heavy way To the IRCG, of course,
• 0:30
  Speaker 1: you have Donald Trump coming out there.
• 0:32
  Speaker 2: Iran is completely collapsing.
• 0:34
  Speaker 1: And of course, this was most likely a foreshadow to
• 0:37
  Speaker 1: what Besson is going to be announcing. Now, there are
• 0:40
  Speaker 1: some key things here. And I think that the banking
• 0:43
  Speaker 1: industry may be one of the areas where they put
• 0:45
  Speaker 1: a lot of pressure on.
• 0:46
  Speaker 2: There were several people that were in the.
• 0:49
  Speaker 1: Meeting there that were asking essentially what countries would be
• 0:52
  Speaker 1: lined up on this. There's a handful of countries that
• 0:56
  Speaker 1: really do have significant banking relations with Iran, China being.
• 1:00
  Speaker 2: One of the leaders out there, Russia, of course, the UAE.
• 1:03
  Speaker 1: And he mentioned that the UAE was actually one that
• 1:07
  Speaker 1: is already responding to this. So that may be something
• 1:10
  Speaker 1: that starts to play into this. You've got two major banks,
• 1:13
  Speaker 1: which is Bank Mali and also Sadarat. These are Iranian
• 1:17
  Speaker 1: banks that are utilized really globally to help transact a
• 1:21
  Speaker 1: lot of their economic structure.
• 1:23
  Speaker 2: And of course, Turkey is also involved.
• 1:25
  Speaker 1: Germany is involved, Iraq, Venezuela, most likely they have control there, Syria,
• 1:30
  Speaker 1: and then.
• 1:31
  Speaker 2: Armenia and Oman. Oman has already been targeted.
• 1:35
  Speaker 1: I shouldn't say targeted, but I should say addressed by
• 1:38
  Speaker 1: the Trump administration.
• 1:40
  Speaker 2: So there's a.
• 1:40
  Speaker 1: Lot going on right now behind the scenes. They did indicate, though,
• 1:45
  Speaker 1: that this is something that most likely would be coming
• 1:48
  Speaker 1: down the pipe. Now, they also asked the question of
• 1:52
  Speaker 1: how they were going to deal with what's happening in
• 1:54
  Speaker 1: the bond market. And of course, Besant set up a
• 1:58
  Speaker 1: very good statement, and that is they haven't bought a
• 2:01
  Speaker 1: bond yet.
• 2:02
  Speaker 2: And September 9th is the key date in which this
• 2:04
  Speaker 2: would occur.
• 2:05
  Speaker 1: So this would potentially unleash a $ 1 trillion war chest
• 2:11
  Speaker 1: to try to rescue the bond market.
• 2:12
  Speaker 2: That would be 250x.
• 2:14
  Speaker 1: If they deployed that, it doesn't mean they would deploy
• 2:16
  Speaker 1: $ 1 trillion.
• 2:17
  Speaker 2: It could mean a couple hundred million.
• 2:19
  Speaker 1: Who knows where the stopgap would be because the bond
• 2:22
  Speaker 1: market itself not necessarily responding to what even the secretary
• 2:27
  Speaker 1: is talking about here right now. So it's still wide
• 2:31
  Speaker 1: open in terms of the impact on the market in general.
• 2:33
  Speaker 1: I think the bigger point that we'll need to watch
• 2:36
  Speaker 1: is what is going to be happening with oil. Let
• 2:39
  Speaker 1: me go to the oil chart right here, because this
• 2:40
  Speaker 1: is on a five-minute chart. Since the meeting just a
• 2:44
  Speaker 1: few minutes ago, oil was trading at around $ 85. It's
• 2:46
  Speaker 1: down to $ 84. 80 right now. Does this mean that we
• 2:51
  Speaker 1: could see pressures starting to mount in the oil-related stocks.
• 2:56
  Speaker 1: And of course, this will get into just oil in
• 2:58
  Speaker 1: general as it starts to near. There's some very interesting
• 3:02
  Speaker 1: timing here because you look at what's happening with the midterms,
• 3:07
  Speaker 1: what's going on with Iran, which apparently had been pretty
• 3:09
  Speaker 1: much at a standstill. I think that is what initiated
• 3:12
  Speaker 1: this initial economic outcast project coming out of the Treasury
• 3:18
  Speaker 1: to try to deal with what's actually happening in Iran
• 3:22
  Speaker 1: right now. And of course, that is all pushing market
• 3:25
  Speaker 1: in general. I don't know if the bond market will
• 3:28
  Speaker 1: have much of an impact in terms of whether or
• 3:31
  Speaker 1: not the economic sanctions could actually have an impact around
• 3:34
  Speaker 1: what we will see not only in the United States economy,
• 3:37
  Speaker 1: maybe in some of these other countries out there. Now,
• 3:39
  Speaker 1: I want to go to a clip real quick because
• 3:41
  Speaker 1: this will get into a little bit more detail. And
• 3:44
  Speaker 1: the first clip I want to play is the one
• 3:46
  Speaker 1: that is, it's got Mark Cudmore, and it's in reference
• 3:49
  Speaker 1: to how will Besant and Warsh kind of work this out.
• 3:53
  Speaker 2: Take a look.
• 3:55
  Speaker 3: I don't expect Warsh to deliver much of relevance. So,
• 3:59
  Speaker 3: you know, yes, Fed chairs have gone off script to
• 4:02
  Speaker 3: kind of make policy measures, but that would be completely
• 4:05
  Speaker 3: antithetical to what, you know, Kevin Warsh said he plans
• 4:08
  Speaker 3: to do. So it'd be very strange if he mentions yields.
• 4:12
  Speaker 3: that'll have a big impact, but it'll also show a
• 4:14
  Speaker 3: little bit of panic and kind of going, oh my God,
• 4:17
  Speaker 3: even Warsh is giving up with the idea and not
• 4:18
  Speaker 3: controlling the kind of market. Like supposedly the narrative right
• 4:22
  Speaker 3: now is Warsh is saying, let the market do it
• 4:24
  Speaker 3: at once. And Besant's going, no, no, no, no, we've
• 4:26
  Speaker 3: got to control the market. And now if Warsh goes, oh, actually, sorry,
• 4:29
  Speaker 3: we do have to control the market, that would be
• 4:31
  Speaker 3: a big impact in markets, but I'm not expecting it.
• 4:35
  Speaker 2: All right.
• 4:35
  Speaker 1: So you can kind of see Besant Obviously, this was
• 4:38
  Speaker 1: being announced. I'm sure the Fed was fully briefed on this.
• 4:42
  Speaker 1: You've got the situation right now with the Fed that's
• 4:45
  Speaker 1: going to be speaking later this week. How they address
• 4:48
  Speaker 1: this right here may actually start to give some direction
• 4:52
  Speaker 1: in terms of how the Fed is going to react. Remember,
• 4:54
  Speaker 1: Bitcoin has been continuing to move just on the U.S. Treasury,
• 4:59
  Speaker 1: signaling that they might do this buyback. And of course,
• 5:02
  Speaker 1: that's the question right now. It's hovering around 78,000 right
• 5:05
  Speaker 1: now as we're recording. but actually closing in on 80,000
• 5:09
  Speaker 1: earlier this morning. So still a lot of activity in
• 5:12
  Speaker 1: the markets. Now, some other things that are very interesting
• 5:15
  Speaker 1: because you could be looking at a new entry on
• 5:17
  Speaker 1: a cycle. And this is something that Matt Hogan is
• 5:20
  Speaker 1: talking about. And the thing that makes this rally interesting
• 5:23
  Speaker 1: to me is that most of the buyers are playing
• 5:26
  Speaker 1: the cycle. That is, they're thinking about a three-plus year investment,
• 5:30
  Speaker 1: not a three-day trade. And I'm kind of curious, are
• 5:32
  Speaker 1: you guys looking at the cycle right now with this
• 5:35
  Speaker 1: most recent pump? both in Bitcoin and some of the altcoins,
• 5:39
  Speaker 1: is this something, whether you're buying gold, could be any
• 5:41
  Speaker 1: of those assets, is this something that you're looking at
• 5:44
  Speaker 1: long term?
• 5:45
  Speaker 2: And has this marked the bottom for you?
• 5:48
  Speaker 1: And do you think that we are in a position
• 5:50
  Speaker 1: for the beginning of a bull run? Just let me know,
• 5:52
  Speaker 1: bull run down in the comments to kind of get
• 5:55
  Speaker 1: a feed on where you guys are heading. Balsunis came
• 5:58
  Speaker 1: in and simply said Bitcoin ETFs just took about $ 2.
• 6:01
  Speaker 2: Billion last week. This is their best week.
• 6:04
  Speaker 1: Since the good old days of October, 2025, and the
• 6:08
  Speaker 1: price is up from 64 to 77. So clear signals
• 6:12
  Speaker 1: here that the market sees what's happening at least right
• 6:16
  Speaker 1: now in the market.
• 6:17
  Speaker 2: As a good thing.
• 6:18
  Speaker 1: Now, how does it react to what Besant's remarks were
• 6:21
  Speaker 1: around the kind of sanctions that would be pushed?
• 6:24
  Speaker 2: Now, granted, this is Iran, we get that.
• 6:27
  Speaker 1: I think there are a certain layer of countries that
• 6:32
  Speaker 1: could get impacted on this that could actually start to
• 6:35
  Speaker 1: have a trickle effect. And even Besant said it himself
• 6:39
  Speaker 1: is that they're giving them a little bit of runway
• 6:41
  Speaker 1: to get things corrected in reference to how these sanctions
• 6:44
  Speaker 1: are going to be implemented. So this may have some
• 6:46
  Speaker 1: spillover effect into the market. So be on the lookout
• 6:49
  Speaker 1: for that. On the other hand, you've got no Bitcoin
• 6:53
  Speaker 1: being purchased right now by MicroStrategy, basically piling $ 1. 9 billion
• 6:59
  Speaker 1: into its dollar reserve instead.
• 7:00
  Speaker 2: So This was a.
• 7:02
  Speaker 1: Bit concerning compared to what we have also seen coming
• 7:06
  Speaker 1: out of the markets on the Ethereum side of things.
• 7:08
  Speaker 2: And I'll play that in a second. But I want
• 7:10
  Speaker 2: to go to a.
• 7:10
  Speaker 1: Clip here because this is where Tom Lee kind of
• 7:13
  Speaker 1: leads up with what BMNP is doing versus Stretch.
• 7:19
  Speaker 2: Take a look.
• 7:20
  Speaker 4: Um, one lesson that we've learned, at least what I
• 7:23
  Speaker 4: think we've done, we've learned with strategy and sailor is
• 7:25
  Speaker 4: that he got really aggressive with the total size of stretch.
• 7:30
  Speaker 4: I think the preferred makes a lot of sense for
• 7:32
  Speaker 4: us to issue the yield. Um, at nine and a
• 7:35
  Speaker 4: half percent is about 30 million a year in dividends,
• 7:40
  Speaker 4: 35 million a year in dividends. Um, And our annual
• 7:44
  Speaker 4: staking rewards are going to be close to $ 300 million
• 7:47
  Speaker 4: at the current price of ETH. So to us, we
• 7:49
  Speaker 4: can easily afford to have that. We're buying a three-year
• 7:52
  Speaker 4: call option using BM & P because we're not using
• 7:56
  Speaker 4: our equity, but we're buying the ETH. That's the equivalent
• 7:59
  Speaker 4: of a call option, and it's costing us 9.5% a year.
• 8:03
  Speaker 4: So it's a really cheap call option to acquire ETH.
• 8:08
  Speaker 4: If someone did that with Bitcoin, it's the same concept.
• 8:10
  Speaker 4: But one difference, of course, is that because the ETH
• 8:13
  Speaker 4: we own is generating a yield, if ETH prices triple,
• 8:17
  Speaker 4: the yield will exceed the dividend requirements of the underlying preferred.
• 8:23
  Speaker 4: So to us, it's kind of like a really attractive
• 8:26
  Speaker 4: way to increase the Ethereum per common share. All right.
• 8:31
  Speaker 1: So a few things that he's hitting on there with
• 8:35
  Speaker 1: Tom Lee is that They're driving so much profitability on
• 8:39
  Speaker 1: the yield side that we could see some different tactics
• 8:42
  Speaker 1: coming out.
• 8:43
  Speaker 2: Of BM & R.
• 8:44
  Speaker 1: And I just wonder, when you look at where Ethereum
• 8:47
  Speaker 1: is right now, and many people would say, well, I
• 8:49
  Speaker 1: might play the BM & R trade or I would
• 8:51
  Speaker 1: play maybe the ETH trade right here. And we are
• 8:55
  Speaker 1: at an inflection point on Ethereum. And remember, the market
• 8:58
  Speaker 1: is somewhat running on yields right now. If you kind
• 9:01
  Speaker 1: of consider what's happening with Ethereum, do we see a
• 9:04
  Speaker 1: breakout on this? If you look at that along with
• 9:06
  Speaker 1: some other assets that, of course, performed well, I think
• 9:09
  Speaker 1: the key here will be how much in terms of
• 9:12
  Speaker 1: the Treasury do they deploy to deal with.
• 9:15
  Speaker 2: The bond issue.
• 9:16
  Speaker 1: Bitmine ended up buying another $ 32, 000 in ETH last week.
• 9:20
  Speaker 1: This is bringing its total holdings to $ 5.
• 9:23
  Speaker 2: 85 million in ETH alone.
• 9:26
  Speaker 1: That is huge, guys, in terms of Ethereum. And Tom
• 9:29
  Speaker 1: went further into this because he's now indicating that maybe
• 9:34
  Speaker 1: more than 5% is in the cards.
• 9:35
  Speaker 2: Take a look.
• 9:36
  Speaker 4: The Clarity Act passed. I think we would have probably
• 9:41
  Speaker 4: accelerated our timeline to get to 5%. But now with
• 9:44
  Speaker 4: the Clarity Act, which isn't really entirely negative for crypto,
• 9:47
  Speaker 4: but it does push out some things that people were
• 9:51
  Speaker 4: hoping would take place. If that's in September, you know,
• 9:54
  Speaker 4: we'd probably rethink in September the pace of our Ethereum buys.
• 9:59
  Speaker 4: And as for like, should we be more than 5%,
• 10:02
  Speaker 4: I think it's today, given the re sort of casting
• 10:09
  Speaker 4: of the foundation's role, these new entities that have been
• 10:12
  Speaker 4: stood up are really doing a lot of the work
• 10:16
  Speaker 4: Improving privacy or really bringing enterprise engagement. And if that's
• 10:21
  Speaker 4: the case, then I think for us to own more
• 10:23
  Speaker 4: than 5% would make a lot of sense. But again,
• 10:28
  Speaker 4: I think that's probably something we're going to rethink in 2027.
• 10:30
  Speaker 4: Something to consider or is that just completely off the table?
• 10:33
  Speaker 4: From a cash management perspective, it's not necessary. At 5%,
• 10:38
  Speaker 4: if we're at 5% and then we're still stacking ETH
• 10:42
  Speaker 4: through yield, there is maybe a scenario where we're just
• 10:45
  Speaker 4: going to not... not want to go over 5% so
• 10:49
  Speaker 4: we would sell the rewards that we're receiving.
• 10:51
  Speaker 2: That's a possibility. All right.
• 10:55
  Speaker 1: So this would be a big deal if we start
• 10:57
  Speaker 1: to see an issue where the Ethereum bull market could
• 11:02
  Speaker 1: be an absolutely huge.
• 11:04
  Speaker 2: Scenario that plays out for BM & R investors.
• 11:07
  Speaker 1: And Lee goes on in another clip I'll show you
• 11:09
  Speaker 1: in a second where he kind of gets into that,
• 11:11
  Speaker 1: but he talks further into the issue around the narrative.
• 11:15
  Speaker 1: Because this is something that I think, of course, sets
• 11:17
  Speaker 1: into how sentiment plays out in the market. And that
• 11:20
  Speaker 1: is built on narratives, how these different assets kind of
• 11:23
  Speaker 1: play off of that. And he stated that this is
• 11:25
  Speaker 1: essentially going to disappear, meaning the narrative, when the bull
• 11:29
  Speaker 1: market starts.
• 11:29
  Speaker 2: And if that is where we are right now, well,
• 11:33
  Speaker 2: take a look.
• 11:35
  Speaker 4: If you truly believe that you want to be long Ethereum,
• 11:40
  Speaker 4: but you don't want to own ETH, then what do
• 11:45
  Speaker 4: you want to be? Do you want to become a
• 11:47
  Speaker 4: servicing company? Do you want to be trying to maximize MEV?
• 11:53
  Speaker 4: Do you want to try to consolidate all the nodes
• 11:56
  Speaker 4: or the validators? What would you try to do? Would
• 12:00
  Speaker 4: you try to buy up all of the Ethereum development
• 12:05
  Speaker 4: talent out there? You wouldn't end up with anything because
• 12:10
  Speaker 4: at the end of the day, and I'm going to
• 12:15
  Speaker 4: guarantee this, that narrative is going to disappear the minute
• 12:19
  Speaker 4: the crypto bull market starts and Ethereum starts going up.
• 12:22
  Speaker 4: I think this is all bear market conversation, in my opinion.
• 12:26
  Speaker 2: All right.
• 12:28
  Speaker 1: So you can kind of see that's the point is
• 12:31
  Speaker 1: we are maybe at an inflection point, I think, in
• 12:34
  Speaker 1: the market. And that is The potential here for us
• 12:38
  Speaker 1: to see a big correction, there's a lot of things
• 12:40
  Speaker 1: working right now. You look at the macro element that
• 12:42
  Speaker 1: has now just been injected into what Scott Besant said,
• 12:46
  Speaker 1: and the pressures this may roll over into a lot
• 12:49
  Speaker 1: of other countries and banks that could affect economic conditions
• 12:53
  Speaker 1: even here in the US. We just don't know yet
• 12:55
  Speaker 1: how that is gonna actually play out. And again, this
• 12:57
  Speaker 1: is the Trump administration, so sometimes there's a lot of
• 13:00
  Speaker 1: talk and no actual function behind it, and.
• 13:04
  Speaker 2: A lot of promises.
• 13:06
  Speaker 1: But Lee went in to say something I thought was
• 13:09
  Speaker 1: kind of striking, and that is in reference to BM
• 13:11
  Speaker 1: & R. Because this is one exposure that some investors
• 13:14
  Speaker 1: out there, if they don't necessarily want exposure to ETH.
• 13:17
  Speaker 2: Might take.
• 13:18
  Speaker 1: And here's what he said about those kinds of gains.
• 13:21
  Speaker 2: Take a look.
• 13:23
  Speaker 4: So, you know, should ETH flip Bitcoin? I think it's
• 13:27
  Speaker 4: a very plausible argument. So, you know, that's, you know, 15,000 ETH, roughly.
• 13:33
  Speaker 4: So in rough terms, that's a 10x for Bitmine shareholders
• 13:37
  Speaker 4: from here. So it's 180 a share. But shouldn't Bitcoin
• 13:42
  Speaker 4: go up a lot? And shouldn't the TAM of tokenization
• 13:46
  Speaker 4: and AI mean Ethereum's network value should be much, much higher?
• 13:50
  Speaker 4: I think so. So then where does ETH cap? 50,000
• 13:53
  Speaker 4: or 100,000 or 200,000? I mean, the returns to our
• 13:57
  Speaker 4: shareholders are going to be legendary.
• 14:01
  Speaker 1: All right, guys, legendary would be the understatement if ETH
• 14:05
  Speaker 1: goes to 100K or 200K, what he's talking about there.
• 14:09
  Speaker 1: You look at some other assets out there in the
• 14:12
  Speaker 1: market right now, what else could take advantage of where
• 14:15
  Speaker 1: this might be heading at this point in time? If
• 14:18
  Speaker 1: you think about what Hogan is talking about with Bitwise,
• 14:21
  Speaker 1: you look at the structure of how this market somehow
• 14:24
  Speaker 1: corrected Right before Clarity showing that crypto maybe doesn't necessarily
• 14:30
  Speaker 1: need Clarity or does it?
• 14:31
  Speaker 2: That's a big question.
• 14:32
  Speaker 1: Well, Solana would be one of the other assets that
• 14:35
  Speaker 1: you'd have to take a close look at. Now, Solana is,
• 14:38
  Speaker 1: I won't say Solana, but specific entities around it, meaning Phantom,
• 14:43
  Speaker 1: is now ending its SWE support on September 24. This
• 14:46
  Speaker 1: is 20 months after it added SWE's TBL. of course,
• 14:49
  Speaker 1: dropped dramatically. And this is an issue, I think, that
• 14:52
  Speaker 1: starts to focus on Solana because they are getting some
• 14:55
  Speaker 1: other market competition that is starting to put a little pressure.
• 15:00
  Speaker 1: The next step for Sol, most likely, and Phantom is
• 15:03
  Speaker 1: probably going to end up being perps. I think all
• 15:05
  Speaker 1: of this is going to be good for Solana in general.
• 15:08
  Speaker 1: Does it outperform Ethereum? It's very possible that it could. It,
• 15:12
  Speaker 1: of course, starting to head up to around $ 100. Let
• 15:14
  Speaker 1: me go to the Sol chart real quick. $ 95 holding
• 15:17
  Speaker 1: right now. I'm on the Let me go over here
• 15:20
  Speaker 1: to the daily just to give you guys kind of
• 15:22
  Speaker 1: a look at something because one thing that we have
• 15:25
  Speaker 1: seen with Solana has been these really four green candles
• 15:28
  Speaker 1: really starting to set the basis on this. The real
• 15:32
  Speaker 1: question is can Solana break the $ 100 mark? And if
• 15:35
  Speaker 1: it does, if we do start to see that kind
• 15:37
  Speaker 1: of indicator, maybe Sol is coiling up in a similar
• 15:42
  Speaker 1: way to what ETH is doing.
• 15:44
  Speaker 2: All right, so let's take.
• 15:45
  Speaker 1: A look at some other things because the other issues that,
• 15:47
  Speaker 1: of course, play into all of this is what's happening
• 15:50
  Speaker 1: with clarity. And clarity gets an absolute dump this morning.
• 15:54
  Speaker 1: We start to see a drop of what was at
• 15:57
  Speaker 1: around 25%, now falling dramatically. It had fallen all the
• 16:01
  Speaker 1: way to 14%, slightly up over this morning.
• 16:06
  Speaker 2: That is just today. So is there something brewing right now?
• 16:10
  Speaker 1: Because remember, a lot of this conversation is still being
• 16:12
  Speaker 1: negotiated in And this is in the wake of what
• 16:16
  Speaker 1: Chair Seelig said last week with the CFTC, which was simply,
• 16:20
  Speaker 1: if Congress doesn't get this done, we're going to do
• 16:23
  Speaker 1: the job for them. This was a huge statement, I think,
• 16:26
  Speaker 1: in general to Congress. But more importantly, I think it
• 16:27
  Speaker 1: was a huge statement to crypto. Now, this is kind
• 16:32
  Speaker 1: of an interesting take by Arthur Hayes, because there are
• 16:35
  Speaker 1: a lot of people that are looking at Clarity now
• 16:38
  Speaker 1: and maybe in certain ways saying, I don't think it's
• 16:41
  Speaker 1: going to matter as much, at least at what we're
• 16:43
  Speaker 1: hearing now from the bureaucrats of lawmaking.
• 16:47
  Speaker 2: Take a look at what Arthur Hayes said.
• 16:49
  Speaker 5: The Clarity Act for crypto. How significant is it?
• 16:52
  Speaker 2: Unsignificant. Doesn't matter.
• 16:54
  Speaker 6: Who cares? Regulation that gives you some sort of moat
• 16:58
  Speaker 6: so you can attempt to block your customers from doing
• 17:00
  Speaker 6: things because you spent more money on lawyers than they did.
• 17:02
  Speaker 2: I get it 100%.
• 17:04
  Speaker 6: That's not the type of investing that I do in crypto.
• 17:07
  Speaker 2: I'd rather just buy a stock.
• 17:08
  Speaker 6: I think the Clarity Act is a terrible thing for
• 17:10
  Speaker 6: US crypto, for actual creativity, for actual builders building things
• 17:14
  Speaker 6: that are useful, that have product market fit. Bitcoin didn't
• 17:18
  Speaker 6: need the Clarity Act from 2009 until the present. It
• 17:21
  Speaker 6: doesn't need it until the future.
• 17:22
  Speaker 5: It'll undoubtedly boost Ethereum. Stablecoins around Ethereum. Genius.
• 17:28
  Speaker 6: Maybe, I.
• 17:30
  Speaker 5: Don't know. The American government and market unquestionably boosted AI.
• 17:38
  Speaker 5: Their finger is on the button. They're telling money to
• 17:41
  Speaker 5: come into AI.
• 17:42
  Speaker 6: Did the Department of Defense or the U.S. Treasury buy
• 17:45
  Speaker 6: any equity stake in Circle? Because they were buying equity
• 17:48
  Speaker 6: stakes in rare earth miners. They're buying equity stakes in
• 17:50
  Speaker 6: Intel and IBM and all these other companies. Where is
• 17:54
  Speaker 6: the government bailout for crypto equities?
• 17:57
  Speaker 5: If Donald Trump is watching right now, what's your message
• 18:00
  Speaker 5: to him regarding the Clarity Act?
• 18:02
  Speaker 3: Veto.
• 18:05
  Speaker 1: All right, so a couple of points there to kind
• 18:06
  Speaker 1: of hit at. One is remember that the U.S. government,
• 18:10
  Speaker 1: in essence, has bought into this in reality. If you
• 18:13
  Speaker 1: just think of World Liberty Fi, you also look at Tether,
• 18:16
  Speaker 1: what's happening now. Remember Cantor Fitzgerald, 5% of Tether right now,
• 18:20
  Speaker 1: holding a ridiculous amount of treasuries in there as well.
• 18:23
  Speaker 1: So there is already significant buy-in, I think, from the U.S.
• 18:27
  Speaker 6: Government.
• 18:27
  Speaker 1: And of course, all of this boils down to how
• 18:30
  Speaker 1: does this trace out out of Iran because Iran is
• 18:33
  Speaker 1: one of the macro linchpins that really could start to
• 18:37
  Speaker 1: set the market on fire. Timing here is very critical.
• 18:40
  Speaker 1: The key things to watch to see if this is
• 18:43
  Speaker 1: a bottom is the economic destruction that may take place
• 18:49
  Speaker 1: in the coming days or weeks. Now, either this sanction
• 18:52
  Speaker 1: move by Besant is going to be a nothing burger
• 18:56
  Speaker 1: or it's going to have some real impact based on
• 18:59
  Speaker 1: some of these major countries. And many of them, including Germany,
• 19:02
  Speaker 1: is involved in this. Turkey's involved in this. There's a
• 19:05
  Speaker 1: handful of countries that could have some severe issues around
• 19:09
  Speaker 1: not only the U.S. economic framework of being able to
• 19:14
  Speaker 1: essentially do business with us, but this could start to
• 19:16
  Speaker 1: create a little bit of a cascade. And that's the concern,
• 19:19
  Speaker 1: I think, that maybe is going to roll out of this. Now,
• 19:22
  Speaker 1: we'll see how the market responds to what Besson's words were.
• 19:26
  Speaker 1: And I think the bigger thing is how does Besson
• 19:30
  Speaker 1: and the White House respond to the responses they're getting
• 19:34
  Speaker 1: from overseas now, especially many of these countries who essentially
• 19:37
  Speaker 1: are going to have to shut down what's happening with
• 19:41
  Speaker 1: Iran and the IRCG. And there is a lot of
• 19:44
  Speaker 1: things happening this week. It's going to be a busy
• 19:46
  Speaker 1: week here on the network. So make sure if you
• 19:48
  Speaker 1: guys have not subscribed, do that. as well. And of course,
• 19:52
  Speaker 1: drop some comments down below. I know there were some
• 19:54
  Speaker 1: of you guys asking about whether or not the market
• 19:57
  Speaker 1: has bottomed just yet. I think there's two factors that
• 20:00
  Speaker 1: play into this. The look of what we're seeing, if
• 20:03
  Speaker 1: you just go into Bitcoin overall on the daily, And
• 20:07
  Speaker 1: you can kind of see some of the things that
• 20:09
  Speaker 1: we've been talking.
• 20:09
  Speaker 2: About for a while.
• 20:11
  Speaker 1: We've had a couple of traders here that have started
• 20:14
  Speaker 1: to look at this upswing really from the last time
• 20:16
  Speaker 1: that we saw Bitcoin at around 60K.
• 20:19
  Speaker 2: You have to look at this market.
• 20:21
  Speaker 1: And the length in which we're starting to see activity
• 20:24
  Speaker 1: on an economic forefront. And if there is a downside,
• 20:29
  Speaker 1: meaning if you just think if we're on the other
• 20:31
  Speaker 1: side of the hill for what could happen in Iran,
• 20:34
  Speaker 1: meaning getting out of here, and or at least some
• 20:37
  Speaker 1: way getting a deal with them, whether it comes through
• 20:40
  Speaker 1: this economic outcast project or not, it only means one thing,
• 20:45
  Speaker 1: and that is a potential upside into the market. Economic pressure,
• 20:50
  Speaker 1: I think the Fed statement later this week will most
• 20:52
  Speaker 1: likely give you a little bit of indicator as to
• 20:55
  Speaker 1: how this market could be playing out. So two things
• 20:58
  Speaker 1: are going to happen. Either you're going to get more
• 21:00
  Speaker 1: macroeconomic impact, meaning something crazy, is going to happen. Could
• 21:04
  Speaker 1: we see a black swan event start to, but that
• 21:07
  Speaker 1: would be the only thing I think that would push
• 21:09
  Speaker 1: us below a 60 K Bitcoin. Other than that, it
• 21:13
  Speaker 1: looks as though this market has bottomed. And that is
• 21:16
  Speaker 1: the key thing to watch for right now.
• 21:18
  Speaker 2: So a lot of things happening.
• 21:20
  Speaker 1: Uh, we've got several interviews this week that hopefully will
• 21:22
  Speaker 1: outline maybe where this is going from here.
• 21:26
  Speaker 2: So make sure and stay tuned. We'll see you guys soon.