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Crypto All-Time High Marketcap🚀Bitcoin Keeps Climbing · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Welcome back to the show. Let's get into it today.
• 0:07
  Speaker 1: We're going to be talking about an all time high,
• 0:09
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• 0:30
  Speaker 1: I Trust Capital. Let's go into our first clip today,
• 0:33
  Speaker 1: and that is really talking about the surge on bitcoin
• 0:36
  Speaker 1: in general, absolutely unbelievable over the weekend and then obviously
• 0:40
  Speaker 1: breaking all time high again this morning, hitting one twenty three.
• 0:44
  Speaker 1: In just seven days, bitcoin is added twenty grand to
• 0:48
  Speaker 1: its price, so a big one for many of you
• 0:50
  Speaker 1: bitcoin investors who are brand new. Kudos to you. I
• 0:53
  Speaker 1: think everybody's starting to get a picture around where this
• 0:55
  Speaker 1: could be going. The other thing that could be happening
• 0:57
  Speaker 1: is we are going to continue to see shorts liquid
• 1:00
  Speaker 1: out of the market. Man, this is crazy for this
• 1:03
  Speaker 1: to happen just in the last five hours, this of
• 1:06
  Speaker 1: course coming in this morning, and I think as you
• 1:08
  Speaker 1: watch the market develop. What we're seeing is still bitcoin
• 1:12
  Speaker 1: very very strong, even on dominance. The idea behind this
• 1:16
  Speaker 1: is when will some of these other tokens take place.
• 1:18
  Speaker 1: We'll get into some of that here in a second.
• 1:20
  Speaker 1: I do want to go to a clip real quick
• 1:22
  Speaker 1: because this will get into Anthony Papiano on what's driving
• 1:25
  Speaker 1: the trend. Take a look.
• 1:27
  Speaker 2: First of all, welcome to the greatest show on Wall Street.
• 1:29
  Speaker 2: I think that Wall Street's full undivided attention now is
• 1:31
  Speaker 2: on bitcoin. Everyone wants bitcoin, like this is no longer
• 1:34
  Speaker 2: a contrarian trade. This is a consensus trade now. And
• 1:36
  Speaker 2: so you have the ETFs, you have the Bitcoin treasury companies,
• 1:39
  Speaker 2: you have retail, you have Summer walfund. Everybody wants bitcoin.
• 1:42
  Speaker 3: Should we be scared of that? Meaning you know, we
• 1:44
  Speaker 3: were talking not just economists and analysts were like, you know,
• 1:48
  Speaker 3: when the economists have a consensus view, usually should go
• 1:52
  Speaker 3: the other direction.
• 1:53
  Speaker 2: Yeah, well the economists still don't like bitcoin. So I
• 1:55
  Speaker 2: think we're okay. But if you take a look at
• 1:57
  Speaker 2: you know, the SMP. Everyone wants the SMP, right, And
• 2:00
  Speaker 2: so what you want is you want persistent kind of
• 2:03
  Speaker 2: price insensitive buyers. And that's finally what bitcoin has, and
• 2:06
  Speaker 2: it's not just coming from retail investors, it's also coming
• 2:08
  Speaker 2: from these institutions, and I think that'll continue to.
• 2:10
  Speaker 4: Drive the matter what Congress does anymore.
• 2:13
  Speaker 2: I think that bitcoin has always been a decentralized asset
• 2:16
  Speaker 2: that really didn't care what anyone else did.
• 2:18
  Speaker 4: But part of the bullish this was a friendlier administration,
• 2:24
  Speaker 4: friendlier Congress.
• 2:25
  Speaker 3: It definitely helps.
• 2:26
  Speaker 4: Is the bill going to pass the one that's pending.
• 2:29
  Speaker 2: I think that the bill will pass, But again, the bills,
• 2:31
  Speaker 2: most of the bills are actually not addressing bitcoin in particular, right,
• 2:34
  Speaker 2: stable coins, market structure, and things like that.
• 2:36
  Speaker 4: General crypto universe though.
• 2:38
  Speaker 2: Yeah, I look obviously having an administration that created the
• 2:42
  Speaker 2: Strategic Bitcoin Reserve leaned into bitcoin, I think is a
• 2:45
  Speaker 2: very bullish element. But I don't think that bitcoin was
• 2:47
  Speaker 2: going to go down or not work if the administration
• 2:50
  Speaker 2: wasn't positive on it.
• 2:51
  Speaker 1: All right, So obviously Pompleano really focused in on bitcoin.
• 2:54
  Speaker 1: That's been his narrative forever. But really this week, of course,
• 2:58
  Speaker 1: we'll have a lot more. I think that we'll go
• 3:00
  Speaker 1: into the rest of the traditional markets around crypto in general.
• 3:03
  Speaker 1: The main thing is it's going to open up a
• 3:05
  Speaker 1: lot of things that I get questions on right now
• 3:09
  Speaker 1: by major financial managers, and that is what's next in
• 3:13
  Speaker 1: these markets, and as we all know, that's really where
• 3:15
  Speaker 1: we start to see a lot of these all coins
• 3:17
  Speaker 1: start to move. Here's Matthew Siegel talking about if Vanguard
• 3:20
  Speaker 1: Bitcoin as immature has no value. Also, Bangor, by his
• 3:22
  Speaker 1: twenty million of Master becomes the top backer of bitcoin's
• 3:25
  Speaker 1: loudest bull so you can kind of see, yes, that
• 3:29
  Speaker 1: is the scenario in Wall Street where but he's starting
• 3:32
  Speaker 1: to understand, yes, the core asset is still a big
• 3:35
  Speaker 1: part of the narrative of crypto in general. I want
• 3:38
  Speaker 1: to go to another clip here because this is where
• 3:40
  Speaker 1: they get into speculating can bitcoin make a run quickly
• 3:44
  Speaker 1: up to one thirty Take a look.
• 3:46
  Speaker 5: Because we just had like a short term model breakout
• 3:49
  Speaker 5: literally like ten days ago, and historically bitcoin actually rallied
• 3:53
  Speaker 5: by twenty percent, so that would bring us actually to
• 3:55
  Speaker 5: one hundred and thirty three thousand. But you know, an
• 3:58
  Speaker 5: interesting aspect that you mentioned is really that the retail
• 4:01
  Speaker 5: investors are not really participating. For them, maybe one bitcoin
• 4:04
  Speaker 5: seems to be too expensive. But on the other side,
• 4:07
  Speaker 5: we have of course, a lot of corporates, a lot
• 4:08
  Speaker 5: of institutional investors buying, and the bitcoin ETFs they have
• 4:12
  Speaker 5: bought fifteen billion dollars over the last six to eight weeks.
• 4:16
  Speaker 5: And I think the most interesting aspect is actually that
• 4:18
  Speaker 5: only three crypto exchanges have more than one hundred and
• 4:21
  Speaker 5: fifty thousand BDC left, so there has been a lot
• 4:24
  Speaker 5: of you know, bitcoins leaving exchanges. There's not a lot
• 4:27
  Speaker 5: of bitcoins left on exchanges, and I think that's why
• 4:30
  Speaker 5: a lot of people like scrambling to really get their
• 4:32
  Speaker 5: hands on bitcoin, because again, they are not many bitcoins
• 4:34
  Speaker 5: left right now. It's in point because people are looking
• 4:36
  Speaker 5: really at the round numbers. You know, we're not looking
• 4:38
  Speaker 5: at you know, one hundred and twenty two, we're looking
• 4:40
  Speaker 5: at one hundred and thirty. We're looking at a hundred
• 4:42
  Speaker 5: and forty, we're looking at hundred and fifty. You know,
• 4:44
  Speaker 5: we have in the year and target of around one
• 4:46
  Speaker 5: hundred forty to one hundred and sixty, all.
• 4:48
  Speaker 1: Right, So obviously someone really on the camp of war
• 4:52
  Speaker 1: bitcoins could be going. Eric Balshern is talking about this
• 4:56
  Speaker 1: and the narrative around ETFs, because ETFs have been kind
• 4:59
  Speaker 1: of point out as well, is that the driving force
• 5:02
  Speaker 1: If you look at his sweet right here, and what
• 5:03
  Speaker 1: he's basically boiling down is that during the last run
• 5:07
  Speaker 1: and also during the GameStop era, we saw a lot
• 5:09
  Speaker 1: of foam all a lot of retail. This time around, he's saying,
• 5:13
  Speaker 1: this is a different kind of investor. It is retail,
• 5:16
  Speaker 1: but it's smart money. Now. How that affects the rest
• 5:18
  Speaker 1: of the market may be much bigger and also less volatile.
• 5:23
  Speaker 1: The question is is going to be is it going
• 5:25
  Speaker 1: to be as violent in terms of these upswings. That's
• 5:28
  Speaker 1: the thing that I think we're going to be watching
• 5:29
  Speaker 1: over the next few weeks and months as bitcoin starts
• 5:32
  Speaker 1: to really start to dive in this week, though, is
• 5:37
  Speaker 1: a lot happening. And one of the things that is happening, well,
• 5:39
  Speaker 1: we'll get three of the things Genius Act potentially going through,
• 5:42
  Speaker 1: the Anti CBDC Surveillance State Act happening, and also the
• 5:45
  Speaker 1: Clarity Act. All of this could be under definition and
• 5:49
  Speaker 1: approved in a sense that we will get much more
• 5:51
  Speaker 1: regulatory alignment. That of course is very good for all
• 5:54
  Speaker 1: of crypto, including bitcoin. Likelihood is will continue to see bitcoin,
• 6:00
  Speaker 1: I think as we see more positive news coming out
• 6:03
  Speaker 1: here's Matt Hogan. Big impact of cryptoweek legislation will reduce
• 6:06
  Speaker 1: rick down, reduce risk and downside volatility in the market.
• 6:10
  Speaker 1: And I think this is one of the things that
• 6:11
  Speaker 1: plays into why people are investing in bitcoin and other
• 6:14
  Speaker 1: assets that are circling around it is that it is
• 6:18
  Speaker 1: less volatile in the sense of they don't think we're
• 6:20
  Speaker 1: going to see these massive seventy percent drawdowns. And that
• 6:24
  Speaker 1: is a different kind of investor because it's now looking
• 6:27
  Speaker 1: at an investor that is willing to hold through, and
• 6:31
  Speaker 1: that is when bitcoin continues to climb, and I think
• 6:35
  Speaker 1: that's a factor everyone needs to pay attention to. B
• 6:37
  Speaker 1: of A launches a new weekly period periodical on chain
• 6:41
  Speaker 1: designed to drill into the various facts and evolving digital asset.
• 6:44
  Speaker 1: The fact that BOA is doing this, come on, guys,
• 6:48
  Speaker 1: this is definitely I don't know as they say that
• 6:51
  Speaker 1: it's top indicators, but it's definitely starting to show mainstream
• 6:55
  Speaker 1: banking and finances moving in this direction in terms of
• 6:58
  Speaker 1: digital assets. All right, go to a clip here, because
• 7:01
  Speaker 1: when you think about crypto, a lot of people look
• 7:04
  Speaker 1: at you know, is it secure. Many people kind of
• 7:06
  Speaker 1: compare this to banks. More on the FDIC insurance side
• 7:09
  Speaker 1: of things. Take a look this clip. It kind of
• 7:11
  Speaker 1: explains it.
• 7:12
  Speaker 6: Strong banks want strong regulation. Strong firms in this space
• 7:18
  Speaker 6: want strong regulation. The reason we're so excited about Circle.
• 7:22
  Speaker 3: What happens when and if competition really comes into.
• 7:25
  Speaker 6: This space in stable coin the.
• 7:28
  Speaker 3: Stable coin universe.
• 7:29
  Speaker 6: Yeah, you know, I think there will be competition. I
• 7:32
  Speaker 6: think Jeremy has always said there may be multiple But
• 7:35
  Speaker 6: the fact that Circle is open to everyone and not
• 7:38
  Speaker 6: kind of a private stable coin. But the FED wire
• 7:42
  Speaker 6: was not invented by the FED. It was invented by
• 7:45
  Speaker 6: the private sector and then highly highly regulated. We're going
• 7:48
  Speaker 6: to see the same thing in stable coins. You're going
• 7:50
  Speaker 6: to see the FED allowing the private sector such as
• 7:53
  Speaker 6: Circle to develop the technology and then highly highly regulated.
• 7:59
  Speaker 1: All right, and that will also start to create much
• 8:02
  Speaker 1: more I think, consensus around how these digital assets are
• 8:06
  Speaker 1: going to be utilized. One thing to also compare is
• 8:09
  Speaker 1: how the market has grown in just a very short
• 8:11
  Speaker 1: period of time. The markets now have added another one
• 8:14
  Speaker 1: point two trillion into market cap. That's since Trump basically
• 8:18
  Speaker 1: started to pause reciprocal tariffs on April ninth. Now granted
• 8:22
  Speaker 1: tariffs are still in play, and also if you look
• 8:25
  Speaker 1: at the overall market cap in general, museument on that
• 8:28
  Speaker 1: three point eight tri We are close to crossing a
• 8:32
  Speaker 1: four trillion dollar market cap on the crypto and digital
• 8:37
  Speaker 1: assets theme. This is a huge milestone in financial history,
• 8:41
  Speaker 1: and I think maybe Wall Street is finally getting the picture.
• 8:45
  Speaker 1: If you take a look at the overall market cap
• 8:48
  Speaker 1: right they're holding at three point seven six. And also
• 8:50
  Speaker 1: if you look at fear and greed, this was an
• 8:52
  Speaker 1: int This one is interesting because we had a big
• 8:54
  Speaker 1: spike up over the weekend now ranking at seventy, which
• 8:57
  Speaker 1: is moving into of course greed solidly. We haven't moved
• 9:02
  Speaker 1: into extreme greed, but definitely on a tight window for
• 9:07
  Speaker 1: an explosion. And this is something to take a look at, guys,
• 9:10
  Speaker 1: because as we start to see this, that's when you
• 9:12
  Speaker 1: start to see more activity from retail starting to flow
• 9:15
  Speaker 1: in other things I want to point at right here.
• 9:18
  Speaker 1: Interesting on this is that there's still a lot of
• 9:20
  Speaker 1: leverage shorts on ETH. Right now it's the record high
• 9:24
  Speaker 1: and ETH is trading at above three k. So this
• 9:26
  Speaker 1: is getting to become a very risky trade. With bitcoin
• 9:30
  Speaker 1: carrying Eth kind of on its shoulders up the charts.
• 9:33
  Speaker 1: It could be one of those things where we see
• 9:35
  Speaker 1: a major short squeeze coming in on ethereum. So watch
• 9:38
  Speaker 1: this because this happened on bitcoin just last week, so
• 9:42
  Speaker 1: could be some big indicators here. Strategic Ether reserve tops
• 9:47
  Speaker 1: four billion, this is now backed by fifty entities. We're
• 9:50
  Speaker 1: continuing to see growth in this, and I think this
• 9:52
  Speaker 1: is another factor as we start to look at how
• 9:55
  Speaker 1: treasury companies are starting to deploy eth in their strategy,
• 9:58
  Speaker 1: and I think that is a fact going forward. Right there.
• 10:01
  Speaker 1: Of course you can kind of see BM and R
• 10:03
  Speaker 1: they added one hundred and sixty three thousand eight to
• 10:06
  Speaker 1: their reserve, and most likely we're going to continue to
• 10:08
  Speaker 1: see Remember this is Funstrat and Tom Lee, and everybody
• 10:11
  Speaker 1: knows Tom Lee has had a very interesting, stellar past
• 10:16
  Speaker 1: on Wall Street, all of which have been calling the
• 10:18
  Speaker 1: tops and the major moves you should be making around
• 10:22
  Speaker 1: digital assets. I want to go to a clip real
• 10:24
  Speaker 1: quick because this gets into kind of giving Tom Lee
• 10:27
  Speaker 1: his roses. Take a look.
• 10:29
  Speaker 4: I mean, Tom Lee is a is he a god?
• 10:32
  Speaker 4: He's a demigod at this point. I mean he's not
• 10:35
  Speaker 4: afraid and we people laugh at him when he says things.
• 10:39
  Speaker 4: And then next thing, you know, to turn around and
• 10:42
  Speaker 4: exactly what he says happens.
• 10:44
  Speaker 1: All right, So from this, if you look at his performance,
• 10:48
  Speaker 1: Tom Lee, he's been and I would agree with Ryan
• 10:51
  Speaker 1: here is that he has been I would say the
• 10:54
  Speaker 1: most bullish thing to happen to eat that definitely this year.
• 10:57
  Speaker 1: You look at this guy, he has been calling a
• 11:00
  Speaker 1: bitcoin for quite some time. This was in twenty seventeen.
• 11:03
  Speaker 1: He was calling for a fifty five k when it
• 11:04
  Speaker 1: was at two. People were laughing at him, and that
• 11:06
  Speaker 1: is exactly what they were talking about earlier on CNBC.
• 11:10
  Speaker 1: And you look it further into this, every mainstream investor
• 11:14
  Speaker 1: just spent the last eight years watching Tom Lee do
• 11:17
  Speaker 1: five thousand percent on his bitcoin price calls. If he
• 11:22
  Speaker 1: is even remotely close to right based on his movement
• 11:27
  Speaker 1: into ethereum, guys, we may be in for a big,
• 11:30
  Speaker 1: big ride as ethereum starts to move forward as well
• 11:33
  Speaker 1: other things that happening. Of course, you've got to consider
• 11:35
  Speaker 1: tariffs that will continue to put a little bit of
• 11:37
  Speaker 1: pressure on the macro side of thing, and that of
• 11:39
  Speaker 1: course is President Trump threatened severe tariffs if Russia and
• 11:43
  Speaker 1: on Russia if no deal is made in the next
• 11:45
  Speaker 1: fifty days. We're also starting to see a little pressure
• 11:47
  Speaker 1: on the EU. EU is now trying to team up
• 11:50
  Speaker 1: with other countries to try to put a little pressure
• 11:52
  Speaker 1: back on the United States. We'll see how that plays
• 11:54
  Speaker 1: into this going ahead. August now is a new date
• 11:57
  Speaker 1: as he continues to kind of kick the can down
• 11:59
  Speaker 1: the road. Look at these tariffs and this is going
• 12:01
  Speaker 1: to essentially boil down to about three hundred billion dollars
• 12:05
  Speaker 1: in revenue for the United States just in twenty twenty five.
• 12:08
  Speaker 1: And that's the conservative estimate, three hundred billion. This could
• 12:11
  Speaker 1: get in where it could be half a trillion dollars,
• 12:14
  Speaker 1: the first time we've seen surplus in this area. So,
• 12:18
  Speaker 1: whether you like it or not, it seems to be working.
• 12:20
  Speaker 1: The key here is does this put pressure on American consumers?
• 12:24
  Speaker 1: So far it has been not the you know, importers
• 12:29
  Speaker 1: that are the exporters that have been taking price right now,
• 12:32
  Speaker 1: it has been the importers, meaning the companies here in
• 12:34
  Speaker 1: the United State have been holding back inflation. We'll see
• 12:37
  Speaker 1: the CPI tomorrow if it comes in soft or on target.
• 12:41
  Speaker 1: Chair Pal has got some explaining to do. We'll take
• 12:44
  Speaker 1: a look at that. Make sure and subscribe to the
• 12:45
  Speaker 1: channel and of course if you're not in the Diamond circle,
• 12:48
  Speaker 1: get in right now. It's a great place to get
• 12:49
  Speaker 1: additional content. Follow me on x at Paul Baron. We'll
• 12:52
  Speaker 1: catch you next time right here on The Paul Baron Show.