Latest / The Paul Barron Crypto Show / Saylor Bought $786 Million More Bitcoin +Crypto Update

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Saylor Bought $786 Million More Bitcoin +Crypto Update · The Paul Barron Crypto Show

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Michael Saylor starting to buy the dip is the crash over Today, we're going
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to break it down for you. You're gonna love it. My name is
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Paul Barrel. Welcome back in the tech path. We're talking about bitcoin today.
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And when you think about bitcoin, you probably are considering putting it in
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something like a CRYPTOIRA or maybe self custoding. But the key here is holding
0:23
it long term. One of the things you can do is jump over to
0:26
I Trust Capital and just join their program for cryptoiris. You can buy sell
0:31
crypto over there, gold, silver, also bitcoin, ethereum, even small
0:35
coins. So check it out. Use our link down below. It's going
0:38
to give you a one hundred dollars funding reward to get you started. The
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good thing is is you don't have those tax events that occur when you put
0:44
it in IRA, so that's that's kind of a nice thing. Always seek
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financial advice for those kind of things, though, because everybody is different.
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Let's get into it today. We're going to go into this topic right here,
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and that is micro Strategy buying another almost twelve thousand bitcoin seven hundred and
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eighty six million, and now they hold about two twenty six I believe,
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but he put out a tweet. What was his numbers? Was he at
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two twenty six? Yeah? Yeah, So there we go. Master holding
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two hundred and twenty six thousand bitcoin is average holding it at thirty six thousand,
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seven hundred and ninety eight per bitcoin. So nice Hoddle position right there
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for micro strategy. Probably still one of the best plays I think in finance
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maybe to date in terms of historical analysis on that. Make sure and fill
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out the poll today. We'll try to get to some of that. But
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also if you have some questions, put them in over on the side.
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I'll try to get to some of those and jump into that. I'm gonna
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just check out our cue good. We'll try to get to some of that
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here towards the end as we break some of this down for you guys today,
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and again thanks again for tuning in on the live stream. If you're
1:49
brand new to our show, first thing I ask you guys to do is
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subscribe and hit that like button right now. It helps other people learn a
1:55
little bit more about what's happening in crypto in general, but especially for today
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the topic being bitcoin. I think the other thing you have to kind of
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consider when you look at bitcoin is how does it start to maybe fair against
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Ethereum, And of course we all know what that means. Ethereum's etf could
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be right here on the precipice of an entry into the future of where finance
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is going. They're getting so good at it that they're starting to do the
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ad so here was bit wise. Let me play this one for you,
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and we're going to kind of start it. You'll probably recognize some of this,
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but let me run this for you. Guys. Hello, I'm Ethereum,
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a big finance Okay, you look really tired just calling it today,
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but it's four pm. Yeah, and I've been working NonStop since nine thirty
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this morning, So nine thirty you don't say yep, you want a little
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shud i too if you've been moving billions around the world, Well, actually,
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I do you know stable coins, NFTs loans people can access me twenty
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four to seven? What Well, look, everyone's different. You should get
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your rest. You've had a long day, play half, haven't I definitely
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you'll get after it tomorrow Tomorrow, Saturday, Monday, you'll get after it
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to get on Monday Monday. I love it. Do you guys? Remember
3:12
those get a PC, get a macads that was I think that was just
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as long that was that. That would have been great if you could put
3:17
justin long in there. So anyway, but the cool thing here with this
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ad is this week right here capture a piece of crypto history, first National
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TV spot minted as an NFT fifty percent of proceeds that is going to go
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over to the Protocol Guild, so kind of fun. The point being is
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that major financial institutions now moving into an eighth ETF and putting that out there,
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so there's gonna be some variations I think in terms of how investments are
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done on these ETFs. I want to go to a quick clip here.
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This, of course is our friend over from a Wolf of All Streets talking
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with Raoul Powell a little bit about kind of the conversion between bitcoin and ethereum
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and the maxis between both. Take a look listen. I actually had a
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really interesting conversation which will be out on it with Jack Maller's yesterday. We
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had never done a podcast and she's, you know, as hardcore as it
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gets, and he gave me the speech about everything's a shit coin, and
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we kind of had like a light debate about it, but I get from
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their perspective to some degree, at least his if everything else is competing to
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be money, which is his argument, then I totally get that. But
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I think that if you frame Ethereum as in video, it's a very different
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situation. How I've just been on taught marketing for exponentialis asset that is my
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fund of crypto hedge funds, And the story I've been trying to explain to
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people is you've got to understand what this space is about. Blockchain technology is
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a new technology layer of the Internet, of which there's a bunch of decentralized
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businesses that sell block space, and they all have a different angle of why
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to buy their block space. Bitcoin is we're this most secure we can be
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used as money or a reserve asset. Ethereum's hey, anybody can build on
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us. We're like this big open computing network. Solana's like, yeah,
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we can that too, but we're kind of super fast and super cheap.
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Everyone's just selling block space and they have a different story to tell to attract
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people, and that's all that's really going on here. People turn it into
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some fight over money. That's bitcoin story, but it's not the whole industry
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story. Yeah, as I said to him, it's to me, it's
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like a goldbug being super pissed off when someone who holds gold buys Alphabet stock
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or Amazon. Yeah. But I get the framing in the other way too.
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I just really view them as completely different asset classes. I would agree
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with Scott is that these are two different comparisons. I know that people would
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look at anything, but you know, in terms of you know, pulling
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from one asset to the other. But I don't necessarily think of it that
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way. At least that's not the way I view it. I think Matt
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Hogan kind of puts it out right here, good example of adding ether to
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your portfolio, just to show you. And this is the way I think
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investors are going to look at this, especially in these sixty forties. This
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is a traditional portfolio on sixty forty. You can kind of see the cumulative
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return right there versus a traditional portfolio with five percent allocation on bitcoin, then
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a traditional portfolio with five percent allocation on bitcoin and twenty five percent of that
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in eth interesting point here, commulative cumulative return much greater than you know,
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the regular sixty forty primarily that's the big story, but the fact that they're
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so unique and close to each other with Eth in the in the window,
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and I think that's the way it's going to be looked at by all sorts
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of investors. It's another asset, it's not a competing asset. It's just
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another asset for the great diversification in portfolio. So hopefully that's the way it
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plays out. I have a lot of friends that are I would say bitcoin
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bitcoiners, not Maxi's, but they call themselves bitcoiners, and I always agree
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with them that it's a great speculative asset and a store value, and I
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get it, there's a great part of that, but I think ETH has
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its place, just like what Raul will same Trade Travel Chill kind of hits
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on it with a good example of some allocation here. I'd love to know
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you guys's thought on this allocation. Fifty percent Bitcoin, thirty percent large caps
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these are blockchain, fifteen percent of medium caps, and then low caps in
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five percent. Would you put it out that way? I mean, that's
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not my mix. I'm just kind of curious what your mix would be if
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you were to balance that out in terms of just your crypto allocation. Also
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kind of curious what would be your percentage of crypto allocation to your entire portfolio.
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Let me know, just drop some comments down below. I always love
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to get kind of feedback within that. Another tweet right here was Nate Garassi
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kind of coming in the flurry of spot bitcoin or excuse me, ETHTFS one
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amendments all coming in tomorrow and Friday. This I think will be interesting coming
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in especially tomorrow as we start to see this, but based on his analysis
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so far, still looking at a go date prior to July fourth, So
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man, that's just around the corner here, that would be pretty big for
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Ethereum. I think we started to see a little bit of movement here.
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I'll show a chart here in a little bit on both Ethan on Bitcoin to
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kind of take a look at that as well. Love to get your kind
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of high low on how that or how you believe Ethereum and bitcoin will perform
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against each other. Other things that are in the news that are really I
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think on top of what's happening, you know, from a legislative and also
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from the legal stance. Even though we just saw eth get the case being
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dropped by the SEC. Here's Kraken's motion to dismiss the lawsuit. And then
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of course they're saying that the SEC accuses Krackint of being unregistered and broker dealer.
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That's the whole thing. So Solana, Cardano, Algoran, et cetera,
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along with others. So Crackan also has been accused of operating an unregistered
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broker dealer. And then you had all those tokens including flow icp Manu,
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Matic, near OMG and obviously Solanum. That's the question here. Kraken of
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course came in with a little bit of a different look on this. So
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their motion or their dismissal motion realizes on how he's test saying the SEC has
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not alleged that the security transactions occurred on exchange. This goes back to the
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same kind of the same thing with Coinbase, but there are some things within
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the coinbase scenario that play out a little differently in the coin Base case,
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and I've got a couple of tweets on that. But one of the things
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that's kind of interesting here is Kracken's hearing. This came in from Metal law
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man. Let me zoom in on that they're hearing today should be interesting.
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Krackens lawyers bring up the eth ETF approvals, which is very inquisitive because I
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think that starts to bring in the issue of not only ETF approvals but also
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dropping the case against Ethereum as a whole. So back to the whole point.
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Very interesting points happening right now. Judge William Oric, who had an
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uncle as the commissioner of the SEC back in the fifties. Nice note there,
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I thought I recognize that name, but anyway, kind of cool.
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Here's Eleanor. She's talking about the Kraken lawyers telling the judge that the SEC's
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digital Asset Ecosystem's argument. This was from Judge Fela. I remember Judge Fala
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on the coin Base case. Reference to it are her coin based decision is
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not ground and a on. So they're basically going against the coinbase decision from
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Judge Fala, but not from Judge Torres. So I know this gets kind
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of complex. Go back and watch some of our videos. We do a
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whole rundown on these on the Judge Fayla decision on Judge Torres decision, which
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gets into the Ripple case. So you can kind of see the interactions here
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But the point being is I think a lot of this is going to slowly
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move to the side as we get regulatory alignment, which I think is coming
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very soon, and the fact that the SEC feels as though they're starting to
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lighten up on some of these projects. Of course, as the ethereum situation
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being one of the biggest, other things that are happening, of course,
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is going to be stable coins, and stable coins I think is the key
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thing that will make this market mature. And when you look at it,
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stable cooin issuers now holding the eighteenth largest holder of US debt. This is
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significant. There's a couple of points within the article that I think are interesting
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to note. This is tagas Capital pulling out this data, but basically say
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issuers now community hold more than one hundred and twenty billion in US treasuries.
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It makes them the world's eighteenth largest US de at. I had a major
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current account surplus nations like Germany and South Korea. Tether Also the issue of
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USDT the world's leading dollar peg cryptocurrency stable coin. A loan holds ninety one
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billion of that one twenty billion, so pretty significant. USDC circle holding another
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thirty almost thirty billion according to tagas Capital. So what does this look like
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because I think people would look at this and I think this is good for
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liquidity, It's good for what we'll see within what's happening in the EU,
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because remember MIKA is rolling out literally this week. By the end of this
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month, we're going to have stable cooin regulation in the EU, and that
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means a lot of things are going to start to move up on this chart
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right here, just to give you an example, they're stable coins, and
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what's next. We got Saudi, Norway, Singapore, Brazil. I mean,
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they could literally move past some of these brick bricks nations. Granted,
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remember that tether is not necessarily going to be one of the big ones that
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is transacted in the EU because of some of the regulatory alignment and disclosure.
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USDC may make a move here on stable coins going forward, So don't forget
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drop some question then over on the side, we'll try to get some of
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those and make sure and fill out the poll. I want to kind of
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get your opinion on where that's going. A couple of things that the SEC
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highlights as risk and stable coin issue is this of courses on Circle's IPO bid,
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they hit on a few points, all of which I think will be
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put to rest as Mika rolls this out. But one of the agency's concerns
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was tied to inadequate disclosures. Is the same thing that happens around Tether and
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Baron's reported this on June eighteen, citing documents obtained through public records. A
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Circle initially made the attempt to go public in twenty twenty one. Is thebo
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to remember that. I don't know if they remember that, but that plan
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did not pass through, and then the SEC requested that Circle ad disclosure about
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the potential risk of there so it can be a classified as security. Circle
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complied, you know all of that. I think this plays out positively for
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Circle because of what's happening in Europe, and I think that starts to shift
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the change and the tide here in the US, both from an SEC front,
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but specifically from a regulatory front, because I think that's the key right
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there. What else do we have here? Yeah? Okay, so here's
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Jeremy R. Lair. He's saying, Hey, he's a little bit more
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bullish than he's ever been on crypto. I would kind of agree with Jeremy
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right now. A couple of points he hits on as he positioned to become
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the backbone of some of the most important tech applications around the world. And
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if we see the ramp up in Europe that we think we might see,
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this is going to get pretty dicey towards the end of the year, which
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I think is why we're going to see this as a political stump talking issue,
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and most likely it's going to come up in the debates coming up here
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very soon, so we'll get a chance to see it real time of what
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it's going to say. There. Like prior waves of open internet infrastructure,
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this wave is growing and it's coming stronger and stronger every day. I mentioned
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this a lot with companies that I consult with and we work in the you
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know, kind of the Fortune five hundred area of retail and food service in
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different areas, but they're trying to understand blockchain, and one of the things
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I kind of give them is, look, listen, if you look at
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the last evolution of tech, really there was two major tech knowlogy components that
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made it move so quickly. One was social and the other was mobile.
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Now we're dealing with these three. This kind of trifecta of technology that is
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starting to map up, and that of course is AI, blockchain, and
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what we're going to see in the XR side of things, both ARVR,
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all that ecosystem, immersive experience, all that's going to be tied to gaming
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and all that. You kind of get the point of how all this plays
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into a bigger connection, which I think is good for Bitcoin, it's good
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for ethereum, it's good for a lot of these kinds of technologies because it
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mainstreams all of this stuff right to the front of everybody's thinking. So the
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other thing that gets mainstreamed in front of everybody's thinking is how is Bitcoin going
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to be affected by the US presidential debates. Many of the analysts say,
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probably not a big deal. I would say we're going to see a little
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bit of movement, But I think this is going to affect it more long
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term. Here's the reason why. Imagine the viewing audience that we will see
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coming in on this debate. That's number one is exposure and then the argument
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that you're going to probably see both for maybe against. I'm not sure that
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the Biden camp will go against completely, but I think it's the position in
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positioning of the candidates that will make the difference. Now, it won't make
16:15
an immediate difference because some people may not even have exposure to bitcoin, but
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I think you'll see a lot of wallets and a lot of coin base accounts
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opening up at that time. So both Biden and Trump have well documented stances
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on this. Mark has already kind of factored in their positions. So anything
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that really changes, I don't think it moves to the market today, but
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it does I think have an effect on the potential for new people acquiring you
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know, blockchain and a lot of digital assets in the future. I'm kind
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of curious when you look at that, are you guys voting your book,
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are you voting for a candidate as pro crypto? Are you trying to consider
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that? What's going to make your decision for how you guys vote this south
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And this happens more than just in the presidential race. This is also happening
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in the Senate as well. There's a lot of campaigns our fringe on deep
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and of course going a guns up against Senator Warren that all of those matter
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because what will happen in the coming years is a lot more regulatory alignment This
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is just the beginning of what we will see sure Fit twenty one, and
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of course the stablecle and Bill I think will have some of the bigger implications,
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but it still needs time to develop, and you'll see so much more
17:29
integrated in there. So pretty good. One thing that is kind of noted
17:33
here is that it could be interesting to have the market impact on its discussion
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around capital kin gains tax. This is the whole idea about cryptotaxation policies in
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particular, but more around capital gains and how Biden and the administration may be
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looking at that in the future. All Right, we're going to get to
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a few questions, but I do want to go over to our poll rule
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quick. Let's take a look, all right, your average on bitcoin price
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better than Mike everybody's saying barely over Okay, interesting, that's an interesting poll
18:07
there. So fifty one percent holding that position better than Michael Saylor. So
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fifty one percent of you guys have been buying all along. I love that.
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A couple of notes here, cryptologists says anyone barish on crypto, Now
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we'll lose money one hundred percent. I'm in on that one tether We'll bring
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down bitcoin. I don't know about that, NF. No, don't get
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me wrong, Tether has a major problem or we see a liquidity event occur,
18:33
there would be some pretty big issues there, and of course it would
18:36
kind of be an I told you so event. But I'm not sure even
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though you know Tether one hundred and thirty billion, that's true a lot there.
18:45
Box Muler says, Pull is a bunch alas a bunch alias. He
18:49
says out there, Mulder's always wanting to get in there and just like cause
18:52
a little trouble in the In the comments, Mark Ryan says, any updates
18:56
on the Salon chapter two phone? I haven't seen notice you said phone there,
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because I'm still curious as whether or not is going to be a phone.
19:06
This may be a gaming device or you know, some other mobile device
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of some sort. Who knows what salan'st got up their sleep. No institutions
19:14
are moving to eth. No institutions are moving to ETH. I think you're
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wrong, Paul, So my fellow brethren, and Paul, I think you're
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going to see institutions going all in on the ETFs for sure, non eth
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all coins. I can't balter. He's just going off in here. I
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love it. What do we have here, Alan says, My average bigcoin
19:41
purchase price much better than Sailor's. It's just I don't have as many.
19:44
Well, thank goodness that you're better, Not thank goodness that you don't have
19:49
as many. But who's got more right now? I mean only I think
19:53
only countries in Blackrock. He's got more than Michael Sailor. Maybe the Winkledos.
19:59
No, they're not there, but they're in top ten all right.
20:02
Anyway, you guys, if you're not in our Diamond Circle, by the
20:03
way, get in right now. It's a great place to get additional content.
20:07
We do all sorts of cool things over there, including an air drop.
20:10
We've got an air drop going on happening for all our Diamond Circle members
20:14
and our Advanced memberships. So check it out. Go over to our website,
20:18
you'll see it. You can register your wallets over there and you'll be
20:21
part of that when we do our snapshots and start our air drop summer program.
20:25
A lot of cool things happening there. Make sure and follow me on
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x just at Paul Baron. I'll catch you next time right here on tech Bath