Latest / The Paul Barron Crypto Show / Macro Risks Surging📈Michael Saylor Loads Up on Cash🔥

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Macro Risks Surging📈Michael Saylor Loads Up on Cash🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The macro surge could be creating a little bit of
• 0:02
  Speaker 1: a headwind, and also Michael Saylor doing something kind of interesting.
• 0:06
  Speaker 1: We're going to break it down for you guys today.
• 0:08
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• 0:10
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• 0:13
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• 0:16
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• 0:18
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• 0:22
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• 0:25
  Speaker 1: out there, Bitcoin, ethereum, pretty much anything on the list.
• 0:29
  Speaker 2: You guys can do that, including gold and silver.
• 0:31
  Speaker 1: So set up your own IRA, get going and make
• 0:34
  Speaker 1: sure in start because I think a lot.
• 0:35
  Speaker 2: Of people put it off.
• 0:37
  Speaker 1: I get it, you're everybody's busy, but don't do that.
• 0:41
  Speaker 1: Get going on it right now. Use our link down
• 0:44
  Speaker 1: below and get a one hundred dollars funding reward when
• 0:46
  Speaker 1: you get started. All right, let's jump over to a
• 0:47
  Speaker 1: couple of tweets here to kind of lead off what's
• 0:50
  Speaker 1: happening in the market right now. There's a lot of
• 0:52
  Speaker 1: data coming out. You've got, of course, seven major data
• 0:55
  Speaker 1: releases this week. The CPI comes in on Tuesday, we're
• 0:59
  Speaker 1: seeing an ex effected of a three point eight year
• 1:01
  Speaker 1: over year down from four point two.
• 1:03
  Speaker 2: That'll be interesting.
• 1:04
  Speaker 1: PPI comes in on Wednesday, expectation month or over month
• 1:09
  Speaker 1: down from one point one. Retail sales hit, initial job
• 1:13
  Speaker 1: loss claims will hit, Housing data will hit Michigan consumer sentiment,
• 1:17
  Speaker 1: which is an interesting one that you should keep your
• 1:19
  Speaker 1: eyes on on July seventeenth, and then the FED hits
• 1:23
  Speaker 1: also on July seventeenth.
• 1:25
  Speaker 2: So the point is is all this data is.
• 1:27
  Speaker 1: Leaning into next week and that will be the second
• 1:31
  Speaker 1: FOMC meeting by the Fed, and everybody is wondering where
• 1:35
  Speaker 1: that's going to be heading in terms of what the
• 1:37
  Speaker 1: Fed might do. Dellaity also says that we could see
• 1:40
  Speaker 1: a final drop around bitcoin, pushing it back down to
• 1:44
  Speaker 1: under sixty k at a fifty six five rate.
• 1:47
  Speaker 2: Here it is possible.
• 1:48
  Speaker 1: This, of course, is according to their model and which
• 1:52
  Speaker 1: is currently kind of in this accumulation phase. And I
• 1:54
  Speaker 1: think a lot of people that I've talked to they're
• 1:56
  Speaker 1: buying bitcoin. They're doing it in a.
• 1:58
  Speaker 2: Variety of dollar cost average strategies.
• 2:01
  Speaker 1: But let me know what you guys are doing. Are
• 2:03
  Speaker 1: you actually buying bitcoin right now? Because we saw a
• 2:05
  Speaker 1: little bit of a pump over the last several days,
• 2:08
  Speaker 1: or are you holding for potential pullback on the market.
• 2:11
  Speaker 2: Stable cooin market also.
• 2:13
  Speaker 1: Shrinks a little bit by seven point seven billion, enough
• 2:15
  Speaker 1: that that's a lot, but for stable coins to actually fall,
• 2:19
  Speaker 1: that is an intriguing data point.
• 2:22
  Speaker 2: So think about that.
• 2:23
  Speaker 1: It could be signaling a little bit more weaker liquidity,
• 2:27
  Speaker 1: and I think also could be signaling that maybe even
• 2:30
  Speaker 1: some of the stallwarths of investing in digital assets are
• 2:34
  Speaker 1: starting to exit for other asset classes. So let me know,
• 2:37
  Speaker 1: are you guys holding stable coins and continue to try
• 2:40
  Speaker 1: to pull those yields.
• 2:41
  Speaker 2: Some more news over the weekend.
• 2:42
  Speaker 1: Of course, all eyes are on the straight of horn moves.
• 2:46
  Speaker 2: Iran is holding the keys.
• 2:48
  Speaker 1: And from that we are seeing a little bit of
• 2:50
  Speaker 1: stock movement with the S and P five hundred down
• 2:52
  Speaker 1: just a slight bit, Nasdaq down point three, Dow Jones
• 2:56
  Speaker 1: downpoint one, Crewed up three, and then Brint and Gold
• 3:00
  Speaker 1: also coming in with a little bit of stress in
• 3:03
  Speaker 1: terms of the overall market. And if you look at this,
• 3:06
  Speaker 1: you've got it coming from a lot of different angles.
• 3:09
  Speaker 1: You've got hoothy officials now announcing that their particular area
• 3:14
  Speaker 1: in terms of how they control certain flow of energy
• 3:18
  Speaker 1: is also going to get more pressure, which means that
• 3:21
  Speaker 1: they are anticipating a two hundred dollars per barrel price.
• 3:24
  Speaker 1: Now that is a big announcement. If it could actually
• 3:28
  Speaker 1: come true, that would be a huge issue for the US,
• 3:31
  Speaker 1: but more importantly, that would be a huge issue for
• 3:34
  Speaker 1: a lot of our allies, including what would happen in China.
• 3:39
  Speaker 1: So I know Trump is going to be meeting with
• 3:41
  Speaker 1: g later this month. That'll be interesting. I think this
• 3:44
  Speaker 1: is going to be on the top of the question
• 3:46
  Speaker 1: mark overall. So speaking of Trump, here's a phone call
• 3:49
  Speaker 1: that pretty much got.
• 3:51
  Speaker 2: Markets a little bit skiddish.
• 3:53
  Speaker 3: Take a look, but we had a deal, but nobody
• 3:57
  Speaker 3: knows we had a deal.
• 3:58
  Speaker 4: It was a done deal, and then broke it. They
• 4:00
  Speaker 4: always break it. We've had ten deals with these people,
• 4:04
  Speaker 4: and so we're just going to hit them very hard
• 4:06
  Speaker 4: and we're going to keep the straight and we'll probably
• 4:09
  Speaker 4: run it. Will become the Guardian of the Strait. Maybe
• 4:12
  Speaker 4: we'll call it the Guardian Angel of the Strait, and
• 4:15
  Speaker 4: we should be reimbursed for that. When we do that,
• 4:17
  Speaker 4: we're going to be reimburssed. Because the other nations are.
• 4:19
  Speaker 3: Very wealthy that are on our side, and now we're
• 4:22
  Speaker 3: going to guard it, and we're going to get paid
• 4:23
  Speaker 3: for guarding it a lot of money. But we just
• 4:26
  Speaker 3: want to be reimbursed for doing all of this, for
• 4:29
  Speaker 3: putting our people in danger. But we're really not putting people.
• 4:32
  Speaker 3: We're really saving people.
• 4:34
  Speaker 2: All right.
• 4:35
  Speaker 1: So when you look at the Strait of Remus traffic
• 4:37
  Speaker 1: returning to normal by December, this is pretty much fallen
• 4:41
  Speaker 1: to where are we at right now?
• 4:42
  Speaker 2: Fifty nine percent chance.
• 4:44
  Speaker 1: This is low, and I think if you look at
• 4:46
  Speaker 1: August right there, it's a sixteen. This is kind of
• 4:49
  Speaker 1: the big one right now, there's basically no near term
• 4:53
  Speaker 1: possibility that this is going to happen. By the end
• 4:55
  Speaker 1: of the year, maybe if something goes on where they
• 4:58
  Speaker 1: can get a deal. And I think the pressure is
• 5:00
  Speaker 1: going to really mount from mostly European countries because and
• 5:05
  Speaker 1: also to the US for a certain extent, because you've
• 5:07
  Speaker 1: got a situation now brewing where the US is starting
• 5:10
  Speaker 1: to see a lot of pressure on its own oil reserves.
• 5:13
  Speaker 2: Speaking of that, here is the data right here.
• 5:17
  Speaker 1: Wall Street Journal puts out US Strategic Petroleum Reserve right now,
• 5:20
  Speaker 1: the spr lowest since.
• 5:21
  Speaker 2: Nineteen eighty three.
• 5:23
  Speaker 1: Most of you guys weren't even around in nineteen eighty three,
• 5:26
  Speaker 1: but that's how.
• 5:27
  Speaker 2: Low it is.
• 5:28
  Speaker 1: So this will be a factor and it will start
• 5:31
  Speaker 1: to hit the gas pump. If in fact, this has
• 5:33
  Speaker 1: to continue sucking out of the reserve, how much of
• 5:37
  Speaker 1: an impact that has short term is the question do
• 5:40
  Speaker 1: we start to truly see a impact on energy costs
• 5:44
  Speaker 1: in the next few months, because remember there's something very
• 5:46
  Speaker 1: important happening in November, and that, of course is the midterms.
• 5:51
  Speaker 1: And if we see five dollars gallon gas on regular
• 5:55
  Speaker 1: that would be very troublesome, I think for the Republicans,
• 5:59
  Speaker 1: and right now they're in on retaining the Senate, so
• 6:02
  Speaker 1: this is a big deal. You can kind of see
• 6:04
  Speaker 1: the current crude oil WTI West Texas crude. What is
• 6:09
  Speaker 1: surprising to me is we have not seen more of
• 6:12
  Speaker 1: a spike.
• 6:13
  Speaker 2: Now.
• 6:13
  Speaker 1: Part of this is probably because of the oil reserves
• 6:16
  Speaker 1: that we currently have in captivity, But the real question
• 6:19
  Speaker 1: is is what is the forward thinking here if we're
• 6:22
  Speaker 1: trying to consider repopulating that reserve. So this is where
• 6:26
  Speaker 1: it's going to get very I think problematic for the US.
• 6:30
  Speaker 1: If something does not happen soon, all right, So I
• 6:33
  Speaker 1: want to jump to a.
• 6:33
  Speaker 2: Clip real quick.
• 6:34
  Speaker 1: This is where markets are not believing that this is
• 6:37
  Speaker 1: going to go much longer.
• 6:38
  Speaker 5: Take a look impacting markets. You're looking at oil up
• 6:42
  Speaker 5: a bit, but actually not a shocking amount. What do
• 6:44
  Speaker 5: you see driving all this?
• 6:46
  Speaker 6: So it is having some splitover effect, but they're very contained.
• 6:50
  Speaker 6: I think there's two reasons for this. One is the
• 6:53
  Speaker 6: markets deeply believe that these skirmishes are going to just
• 6:56
  Speaker 6: remain skirmishes. It's not going to evolve into right conflict
• 7:00
  Speaker 6: yet again, it's not going to evolve into a long
• 7:03
  Speaker 6: term closure of the strait. And then the second issue
• 7:05
  Speaker 6: is there's so much else to focus on, and most
• 7:08
  Speaker 6: of what else you have to focus on is positive.
• 7:10
  Speaker 6: So you put these two things together and the market says, Okay,
• 7:13
  Speaker 6: I am going to reflect this in brand going to
• 7:17
  Speaker 6: high seventies, but I'm not going to take it to
• 7:19
  Speaker 6: high eighties or nineties, which is where it would be
• 7:22
  Speaker 6: if you believe that this is going to be much
• 7:24
  Speaker 6: bigger than what it is.
• 7:24
  Speaker 5: Do you think that's the right call?
• 7:26
  Speaker 3: I do.
• 7:26
  Speaker 6: What's driving equity prices is this belief that when you
• 7:30
  Speaker 6: look at the transformations ahead, the US will continuously outperform
• 7:34
  Speaker 6: the rest of the world, and I think that is
• 7:36
  Speaker 6: a correct assessment. Now, how much would they outperform in
• 7:39
  Speaker 6: absolute sense as opposed to relative sense, That's harder to tell,
• 7:43
  Speaker 6: but I have no doubt they're going to outperform in
• 7:45
  Speaker 6: relative sense.
• 7:47
  Speaker 1: All right, So a couple of points there that Muhammad
• 7:49
  Speaker 1: was getting at. To first point is that the US
• 7:53
  Speaker 1: still has kind of its kingpin position in terms of performance,
• 7:56
  Speaker 1: and I think that would hold true. However, when you
• 8:00
  Speaker 1: look at energy being one of the core staples of
• 8:03
  Speaker 1: the US economy, I think this is a much bigger
• 8:06
  Speaker 1: issue now. Whether I agree with him saying that maybe
• 8:09
  Speaker 1: investors are not looking at it just yet as a threat,
• 8:12
  Speaker 1: I think the point they have to look at down
• 8:14
  Speaker 1: the road is what if. And I think a lot
• 8:16
  Speaker 1: of investors are already kind of pushing in that direction
• 8:19
  Speaker 1: because we haven't seen what we have seen.
• 8:22
  Speaker 2: In the past, which is a much more aggressive s
• 8:24
  Speaker 2: in p.
• 8:24
  Speaker 1: Five hundred on a growth chart, So where we are
• 8:27
  Speaker 1: right now kind of boils into what's happening in the
• 8:29
  Speaker 1: ten year tenure yield also increased three basis points up
• 8:33
  Speaker 1: to four point five nine. This is the highest since May.
• 8:36
  Speaker 1: This may have another factor that plays into this, And
• 8:39
  Speaker 1: I've got a clip here that I want to kind
• 8:41
  Speaker 1: of go to because Muhammad gets into how this will
• 8:46
  Speaker 1: have other impact, being the issue in Iran and especially
• 8:51
  Speaker 1: the straight how this will have much more impact maybe
• 8:54
  Speaker 1: in other areas.
• 8:54
  Speaker 2: So take a look.
• 8:56
  Speaker 6: If you look at the traditional sources of funding for
• 9:00
  Speaker 6: tech in particular, which is the Middle East, they will
• 9:03
  Speaker 6: not be as forthcoming.
• 9:04
  Speaker 2: As have been in the past.
• 9:05
  Speaker 6: They've got a lot of local demands for.
• 9:07
  Speaker 7: Funds right now because of the war that's happening right now.
• 9:10
  Speaker 6: Correct, because massive reconstruction, and also like everybody else, they
• 9:14
  Speaker 6: realize that they need more resilience. So if you look
• 9:17
  Speaker 6: the sources of funding is a little bit less, the
• 9:20
  Speaker 6: uses of funds is a lot more. And the only
• 9:23
  Speaker 6: way you get this to equal without a recession or
• 9:26
  Speaker 6: anything awful is hower yields.
• 9:29
  Speaker 5: That should be reflected in the stack priceis now.
• 9:31
  Speaker 6: I think people are now realizing two things. One is
• 9:35
  Speaker 6: it's more expensive than we thought, and two not everybody's
• 9:39
  Speaker 6: going to win. So the venture capitalist mindsight is starting
• 9:43
  Speaker 6: to set in, and that's why you see a bit
• 9:44
  Speaker 6: more caution in terms of investors.
• 9:46
  Speaker 5: I think Kevin Warrish needs a move up to actually
• 9:50
  Speaker 5: do some of the things that he wants to do,
• 9:52
  Speaker 5: like well, it depends what you think he wants to
• 9:54
  Speaker 5: do with rates.
• 9:56
  Speaker 6: There's two issues. The economic payoff in terms of productive
• 10:00
  Speaker 6: vity is going to be significant. What you don't know
• 10:03
  Speaker 6: is how many of these companies are going to ultimately succeed.
• 10:07
  Speaker 6: So if you ask me, on average, is the market
• 10:10
  Speaker 6: failure christ I say yes, individual names. Then I'll say
• 10:13
  Speaker 6: to you who's going to win?
• 10:16
  Speaker 2: All right?
• 10:16
  Speaker 1: So he points to a couple of things, and I
• 10:18
  Speaker 1: think he might be right there in the sense that
• 10:21
  Speaker 1: if you look at the market in general, maybe there
• 10:23
  Speaker 1: isn't pressure here for a rate hike, but there are
• 10:27
  Speaker 1: going to be a certain subset of companies that win. Listen,
• 10:30
  Speaker 1: this has already happened before. It's happened in the era
• 10:33
  Speaker 1: of the Internet. That's happened in the air of mobile,
• 10:36
  Speaker 1: and there are winners and losers, and there's going to
• 10:38
  Speaker 1: be winners and losers, and I think the market is
• 10:40
  Speaker 1: trying to figure it out. The problem is is that
• 10:42
  Speaker 1: right now the market isn't quite sure. We've seen SpaceX pullback,
• 10:46
  Speaker 1: Anthropic has slowed down. Obviously, open AI is dealing with
• 10:49
  Speaker 1: its challenges that I think has a lot of push
• 10:53
  Speaker 1: on the hyperscalers, irregardless of the fact that they're building
• 10:56
  Speaker 1: their own electro electric plants next door, those kind of
• 10:59
  Speaker 1: things that I think we'll maybe end up being a
• 11:01
  Speaker 1: silver line.
• 11:02
  Speaker 2: I'll explain that a little bit later.
• 11:04
  Speaker 1: But the point is is that it is going to
• 11:06
  Speaker 1: push the FED to make a decision, and decision may
• 11:09
  Speaker 1: come pretty early. They're looking at maybe October right now
• 11:14
  Speaker 1: if a FED rate hike was in order, and if
• 11:16
  Speaker 1: you look at this right here, just from July tenth,
• 11:19
  Speaker 1: that was three days a guys ago.
• 11:21
  Speaker 2: Guys, it went from forty.
• 11:22
  Speaker 1: Seven percent up to sixty six percent holding in October.
• 11:27
  Speaker 1: The October meeting is the one to keep a very
• 11:29
  Speaker 1: close eye on if we continue to see macro pressures
• 11:34
  Speaker 1: facing Kevin Walsh and the FED. So I don't know
• 11:37
  Speaker 1: if we're going to see a rate hike, but it's
• 11:39
  Speaker 1: right now looking as though we may.
• 11:41
  Speaker 2: The other thing that you have to consider the.
• 11:43
  Speaker 1: UAE as planning to build a new port, a new
• 11:46
  Speaker 1: container terminal. All of this is happening right now, which
• 11:49
  Speaker 1: means they're going to start flying away from tech companies
• 11:53
  Speaker 1: here in terms of investment, it's going to cost a
• 11:55
  Speaker 1: lot of money to go in here and a course
• 11:58
  Speaker 1: deal with what's happening in Strait of horror MOUs ship
• 12:02
  Speaker 1: and then of course would be moved over land to Dubai.
• 12:06
  Speaker 1: This is another factor that plays into this. Will there
• 12:09
  Speaker 1: be some alternative routes? All this has been kind of
• 12:11
  Speaker 1: in play. Even Saudi has already kind of gone this
• 12:13
  Speaker 1: direction as well. But I just wonder how much is
• 12:16
  Speaker 1: that going to cost? Because the cost that happens in
• 12:19
  Speaker 1: the UAE and within those Middle East countries is you're
• 12:23
  Speaker 1: going to be dealing with a pullback, major pullback on
• 12:26
  Speaker 1: investment in most of the tech community in Silicon Valley.
• 12:30
  Speaker 1: That in itself may be a problem going forward. And
• 12:34
  Speaker 1: if you look at that sky Hanis s K Haynex
• 12:37
  Speaker 1: was a good example. This of course was the chip
• 12:39
  Speaker 1: maker that went public last week, straight up and straight
• 12:42
  Speaker 1: back down, Which was very surprising to see that much
• 12:46
  Speaker 1: of a pullback on a chip maker that is in
• 12:50
  Speaker 1: the ripe market right now of making chips for a
• 12:54
  Speaker 1: lot of driven technology that is really kind of making
• 12:57
  Speaker 1: the next generation cost a lot more. And that's including
• 13:01
  Speaker 1: everything from Apple to everything that we're doing on almost
• 13:04
  Speaker 1: every electronic out there. So this is another maybe indicator
• 13:08
  Speaker 1: that we could see a little bit more pressure. SpaceX
• 13:11
  Speaker 1: is another one. Of course, we saw that thing go
• 13:14
  Speaker 1: to its all time high, short all time high, but
• 13:17
  Speaker 1: again now wrapping right back down to its essentially its
• 13:21
  Speaker 1: market entry holding right now in that one thirty to
• 13:25
  Speaker 1: thirty five range. So that in itself still puts a
• 13:28
  Speaker 1: lot more pressure I think on the SMP and especially
• 13:30
  Speaker 1: with what we're seeing in the AI sector. So I
• 13:33
  Speaker 1: think that's why people are a little bit more skeptical.
• 13:36
  Speaker 1: Now what that could mean is rotation of capital. So
• 13:40
  Speaker 1: how does that happen? Well, you've got Robin Hood even
• 13:42
  Speaker 1: saying it here. We're in a very crypto time of
• 13:45
  Speaker 1: our lives, and I think they see what's happening with
• 13:47
  Speaker 1: Robin Hood chain, but also the potential here of a
• 13:51
  Speaker 1: true rotational period where we may see assets much like
• 13:55
  Speaker 1: we saw going into AI, starting to move out of
• 14:00
  Speaker 1: some of the hyperscaler market and into crypto.
• 14:02
  Speaker 2: So maybe we're at the right time.
• 14:04
  Speaker 1: We'll see strategy though maybe setting this up, and they're
• 14:08
  Speaker 1: doing it by selling four hundred and almost a half
• 14:10
  Speaker 1: a billion dollars in micro strategy shares, and this of
• 14:14
  Speaker 1: course means one thing. One, why do they need the
• 14:17
  Speaker 1: money when they're go out taking these loans?
• 14:20
  Speaker 2: Two?
• 14:21
  Speaker 1: Is there a plan here where sailor is trying to
• 14:23
  Speaker 1: set up a major bitcoin purchase at the right time.
• 14:28
  Speaker 1: Maybe that is what's under way here.
• 14:31
  Speaker 2: I don't know.
• 14:32
  Speaker 1: Let's chip over to ETFs for a moment. If you
• 14:34
  Speaker 1: look at spot bitcoin ETF records the one ninety seven
• 14:38
  Speaker 1: in terms of weekly one hundred ninety seven million in
• 14:40
  Speaker 1: terms of weekly net inflows ended the eight week outflow streak.
• 14:44
  Speaker 1: The question is, can we get two weeks in a row?
• 14:46
  Speaker 1: Can we get maybe three weeks in a row? I
• 14:47
  Speaker 1: don't know right now. Bitcoins starting to stall slightly. What
• 14:52
  Speaker 1: are we trading at right around sixty two as we're recording,
• 14:55
  Speaker 1: So that'll be a close close watch right now for
• 14:59
  Speaker 1: bitcoin ETF. Eth is pumping and you've got Trump here
• 15:03
  Speaker 1: of course pumping it as well, and that is moving
• 15:06
  Speaker 1: it up quite a bit. Evan and I talked about
• 15:08
  Speaker 1: this last week. Eth was our play. It is a
• 15:12
  Speaker 1: curious time too, because as we see a rotation, ETH
• 15:15
  Speaker 1: definitely outperforming a bitcoin right now, but maybe I'm performing
• 15:19
  Speaker 1: some of the other stars for the blue chip side
• 15:22
  Speaker 1: of it as well. Are you guys in eth? Let
• 15:24
  Speaker 1: me know down in the comments. I always love to
• 15:26
  Speaker 1: see if we are a Bitcoin audience, an ETH audience,
• 15:29
  Speaker 1: a Solana audience, Are you a hype audience, a Jube audience.
• 15:33
  Speaker 1: Let me know in the comments down below. Tom Lee
• 15:35
  Speaker 1: is staying on track, though, and that is BM and
• 15:38
  Speaker 1: R just updated the ethereum holdings and they are continuing
• 15:41
  Speaker 1: to drive into that five percent target. They are at
• 15:45
  Speaker 1: four point eight percent right now the total ethereum supply.
• 15:48
  Speaker 1: This means a lot because remember he is going out
• 15:51
  Speaker 1: and earning money on all of that ETH that is
• 15:54
  Speaker 1: out there, So his position continues to be very strong
• 15:58
  Speaker 1: if you compare it to what's happening with strategy, where
• 16:00
  Speaker 1: they are having to really do a lot of strategy
• 16:04
  Speaker 1: to try to get out of the current market that
• 16:06
  Speaker 1: they are in right now with what microre strategy and
• 16:08
  Speaker 1: of course stretch as well as the bitcoin price. Tom
• 16:11
  Speaker 1: Lely has a clip here that I think is interesting
• 16:14
  Speaker 1: because he goes into the idea of what would happen,
• 16:17
  Speaker 1: what would what would break your thesis.
• 16:19
  Speaker 2: What would have to happen for that to occur. Take
• 16:22
  Speaker 2: a look.
• 16:23
  Speaker 7: To me, bitcoin will make a full recovery. You know,
• 16:25
  Speaker 7: I believe you're going to see bitcoin over one hundred
• 16:28
  Speaker 7: thousand by the end of year, and ethereum, you know,
• 16:30
  Speaker 7: back to over five thousand. So you know, I think
• 16:33
  Speaker 7: investors patience is clearly tested because we've I think bitcoin's
• 16:37
  Speaker 7: been down three quarters in a row, but I think
• 16:39
  Speaker 7: it's never been down four quarters in a row. So
• 16:41
  Speaker 7: this would be a test that if they don't balance
• 16:43
  Speaker 7: from June to September, then you're right, maybe something's broken.
• 16:47
  Speaker 6: Is there a price point at which you would say, yes,
• 16:50
  Speaker 6: it is broken.
• 16:51
  Speaker 7: I think bitcoin is like five percent below production cost
• 16:54
  Speaker 7: right now. If bitcoin falls below fifty percent of production cost,
• 16:59
  Speaker 7: it means just take down the network.
• 17:03
  Speaker 1: Fifty percent of production costs. That would be significant in
• 17:07
  Speaker 1: terms of a down trend. You currently look at the
• 17:11
  Speaker 1: bitcoin estimated production costs at about forty five K right now.
• 17:15
  Speaker 1: That's the price of producing a single bitcoin. So if
• 17:18
  Speaker 1: it fell down below that, you're talking somewhere and let's
• 17:21
  Speaker 1: say around the twenty five range for bitcoin. Twenty five
• 17:25
  Speaker 1: k range for bitcoin. I think that's a pretty OUTLANDI statement.
• 17:30
  Speaker 1: I shouldn't say, Atlanta. It's a stark statement coming from
• 17:33
  Speaker 1: Tom Lee, but I don't think he's anticipating it didn't
• 17:35
  Speaker 1: seem to be. He's looking at one hundred k bitcoin
• 17:38
  Speaker 1: and a five k ethereum by the end of the year.
• 17:41
  Speaker 2: Let me know what you guys think, Just comment down below.
• 17:49
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• 17:52
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• 17:56
  Speaker 2: The link is in the description