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Microsoft Votes Against Bitcoin❌Crypto Market Crashes️‍🔥 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Thik.
• 0:07
  Speaker 2: My name is Paul Barre. Welcome back in the tech path.
• 0:09
  Speaker 2: Let's get into it today. I do want to think
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• 0:51
  Speaker 2: All right, let's go over to a couple of the
• 0:52
  Speaker 2: topics today. I think there has been waiting on and
• 0:55
  Speaker 2: that is bitcoin falling below ninety five k after of
• 1:00
  Speaker 2: course shareholders vote against a bitcoin investment proposal. Now, there's
• 1:05
  Speaker 2: a lot to say about this, and I'll get into
• 1:07
  Speaker 2: some of the details on this, but this may not
• 1:10
  Speaker 2: have been as big of a deal as everybody was
• 1:13
  Speaker 2: trying to make it. However, it did have a little
• 1:15
  Speaker 2: bit of an impact on the market.
• 1:17
  Speaker 3: I want to go to a.
• 1:17
  Speaker 2: Clip real quick because this will get to a little
• 1:19
  Speaker 2: bit more around the presentation.
• 1:21
  Speaker 3: Take a look.
• 1:23
  Speaker 4: Shareholders did not approve any of the shareholder proposals.
• 1:26
  Speaker 5: The discussion of matters for shareholder consideration is now closed, so.
• 1:31
  Speaker 3: Pretty straightforward, they just rejected everything.
• 1:33
  Speaker 2: That's kind of the scenario that play into some of
• 1:35
  Speaker 2: these Fortune five hundred companies is that not a lot
• 1:38
  Speaker 2: gets through this process. Here was another statement here, Michael
• 1:41
  Speaker 2: Sailor's bitcoin presentation being played at the Microsoft shareholder meeting.
• 1:46
  Speaker 2: The fact that that occurred was pretty significant as well,
• 1:50
  Speaker 2: because I think that's another factor that you got to
• 1:52
  Speaker 2: look at, is how were they able to get in
• 1:55
  Speaker 2: to actually doing this in a major shareholder meeting like this.
• 2:00
  Speaker 2: Another factor that you kind of look at right now
• 2:02
  Speaker 2: is where and who else could be potentially putting bitcoin
• 2:06
  Speaker 2: onto their balance sheet. One of course is being looked
• 2:08
  Speaker 2: at right now, is Amazon urged by bitcoins as well
• 2:13
  Speaker 2: as Microsoft shore consider let me redo that all right,
• 2:18
  Speaker 2: So when you look at others that might be out there,
• 2:20
  Speaker 2: Amazon is being looked at and potentially being urged also
• 2:23
  Speaker 2: to buy bitcoins. So the proposals are going to come in,
• 2:26
  Speaker 2: I think, on a lot of these fortune five hundreds
• 2:28
  Speaker 2: throughout the rest of the bull run, it is most
• 2:31
  Speaker 2: likely going to occur because I think shareholders just in general,
• 2:34
  Speaker 2: we're going to say why aren't we having.
• 2:35
  Speaker 3: Exposure to this?
• 2:37
  Speaker 2: But it's going to be interesting. You look at the
• 2:39
  Speaker 2: amount of money that's setting out there in cash, which
• 2:42
  Speaker 2: is essentially losing it about seven eight percent a year, Apple, Google, Amazon, Microsoft,
• 2:47
  Speaker 2: all these ten companies hold eight hundred and eleven billion
• 2:50
  Speaker 2: in cash. Now, sure they're probably setting it in treasuries
• 2:54
  Speaker 2: and some sort of money markets and things of that nature.
• 2:56
  Speaker 2: But pretty much what this is doing is just setting
• 2:59
  Speaker 2: there rotting. So getting an end to some sort of
• 3:02
  Speaker 2: blockchain or at least digital asset, I think is the
• 3:05
  Speaker 2: way to go. And of course this is what everybody's
• 3:07
  Speaker 2: kind of pushing to, is the bitcoin side of things.
• 3:10
  Speaker 2: This is, of course what's happening over in Abudabi, and
• 3:13
  Speaker 2: that is one of the Bitcoin conferences. This, of course
• 3:16
  Speaker 2: is Eric Trump talking about the potential for bitcoin to
• 3:19
  Speaker 2: hit one million. So there's still a lot of faith
• 3:21
  Speaker 2: in the market. There's still a lot of faith from
• 3:24
  Speaker 2: a regulatory standpoint, in the political side of things, where
• 3:27
  Speaker 2: bitcoin is going to continue its rain as the number
• 3:30
  Speaker 2: one global digital asset. Also, you have to consider how
• 3:34
  Speaker 2: much was liquidated, nice eight hundred and thirteen million liquidated
• 3:38
  Speaker 2: in cryptocurrency market just in the past sixty minutes. Again,
• 3:41
  Speaker 2: we're starting to see some of the biggest moves that
• 3:43
  Speaker 2: we've seen in a while, biggest liquidations in history, near
• 3:48
  Speaker 2: nearly doubling the one billion liquidations we saw last week.
• 3:52
  Speaker 2: So there's going to be liquidations. This is how trading
• 3:56
  Speaker 2: is done. A lot of people are in these cycles.
• 3:58
  Speaker 2: Sure me, people are calling for is this the end
• 4:01
  Speaker 2: of the bull run? You know, personally, I just don't
• 4:04
  Speaker 2: think that is the case.
• 4:05
  Speaker 3: There's too much still ahead of it.
• 4:07
  Speaker 2: You've got the FOMC most likely that's going to soften
• 4:10
  Speaker 2: a little bit of the Wall Street money next week.
• 4:15
  Speaker 2: You've got, of course Trump going into office in January,
• 4:17
  Speaker 2: and you've got all of these strategies that are supposedly
• 4:21
  Speaker 2: going to be very positive for digital assets as a whole,
• 4:24
  Speaker 2: both from a regulatory standpoint, but bitcoin reserves, etc. All
• 4:28
  Speaker 2: that plays into where the market is going. However, the
• 4:31
  Speaker 2: all coin market has of course softened very quickly, so
• 4:35
  Speaker 2: we got a nice run up to around eighty something.
• 4:38
  Speaker 2: As you can see there's the high almost eighty What
• 4:40
  Speaker 2: was it?
• 4:40
  Speaker 3: Did it hit? Ninety eighty eight?
• 4:42
  Speaker 2: Was your high? And then of course the retracement that
• 4:46
  Speaker 2: we're seeing right now. And I think that's the thing
• 4:48
  Speaker 2: that everybody's concerned about. Is this run up right now
• 4:51
  Speaker 2: if you compare this back to the twenty first of
• 4:53
  Speaker 2: November right around Thanksgiving, right before it, and then the
• 4:57
  Speaker 2: run up we had during Thanksgiving and of course this
• 4:59
  Speaker 2: retlacement right now.
• 5:00
  Speaker 3: Let me know in the comments if you.
• 5:01
  Speaker 2: Guys think all coin season just took a step back
• 5:05
  Speaker 2: and this is a great opportunity or is this trouble
• 5:09
  Speaker 2: for all coins going into this final stage of the
• 5:12
  Speaker 2: bull run. Let me go to another clip I want
• 5:13
  Speaker 2: to get into, and this one is getting into how
• 5:16
  Speaker 2: companies should be owning bitcoin.
• 5:18
  Speaker 5: Take a look, when will the first US big companies
• 5:22
  Speaker 5: start the whole bitcoin on their balance sheets? And the
• 5:25
  Speaker 5: answer that is very simple. As soon as you get
• 5:27
  Speaker 5: stable coin regulation and custody regulation related to bitcoin. Now,
• 5:34
  Speaker 5: the Biden administration did a disservice to the industry by
• 5:37
  Speaker 5: vetoing SAB one twenty one, but you will, and my
• 5:41
  Speaker 5: prediction over the next two years, you'll have the ability
• 5:44
  Speaker 5: to hold bitcoin at a major money center US bank
• 5:48
  Speaker 5: and it will be compliant with the capital allocation you
• 5:53
  Speaker 5: know Basel three for money center banks around the world,
• 5:56
  Speaker 5: which will give every bank that's tied to the FED
• 5:58
  Speaker 5: the opportunity to hold bigcoin cooin for its clients in custody.
• 6:03
  Speaker 5: When that happens, it'll pave the way for corporations like
• 6:06
  Speaker 5: Amazon and Microsoft, etc. To own it as well.
• 6:09
  Speaker 2: So I think what Scara Mitchie's getting at is that
• 6:13
  Speaker 2: it is a trend coming down the track kind of scenario. Eventually,
• 6:16
  Speaker 2: it's just going to be undeniable to hold a digital
• 6:19
  Speaker 2: asset of sort. Necessarily could be Bitcoin, could be something
• 6:22
  Speaker 2: like ethereum, or even other assets that eventually could be
• 6:25
  Speaker 2: in that phase. Because remember all of this is still
• 6:28
  Speaker 2: possibly a year or two away before we start to
• 6:30
  Speaker 2: see some of this really kind of gaining some steam.
• 6:34
  Speaker 2: The other thing that is I think interesting here with
• 6:37
  Speaker 2: what he was getting at is there's going to be
• 6:39
  Speaker 2: a stability scenario that needs to play out. Yes, stable
• 6:44
  Speaker 2: coin regulation will help that, but I think it also
• 6:47
  Speaker 2: is going to get into a scenario of what's happening
• 6:50
  Speaker 2: over in Wall Street around the ETF.
• 6:53
  Speaker 3: So we continue to see the volatility of it.
• 6:55
  Speaker 2: Do we see bitcoin actually starting to kind of funnel
• 6:59
  Speaker 2: into a more stable asset. When that occurs, then yeah,
• 7:03
  Speaker 2: I think you're going to be dealing with banks, major corporations,
• 7:05
  Speaker 2: all sorts of people owning assets like that, because then
• 7:08
  Speaker 2: it could look like just any other kind of asset
• 7:10
  Speaker 2: that's out there. Another thing that you have to consider
• 7:13
  Speaker 2: is kind of the culture and style of bitcoin itself.
• 7:18
  Speaker 2: And what I'm getting at here is that there's going
• 7:21
  Speaker 2: to be an allure to it even with people that are
• 7:24
  Speaker 2: not necessarily bitcoiners but are interested in the technology.
• 7:29
  Speaker 3: Here is yacht su he's talking about that. Take a look.
• 7:32
  Speaker 4: I personally think that bitcoin is going to be worth
• 7:35
  Speaker 4: millions of dollars per bitcoin, not because it's going to
• 7:38
  Speaker 4: be used as a currency, but it's going to be
• 7:40
  Speaker 4: the ultimate status item. It's actually like an NFT. But
• 7:43
  Speaker 4: what's the difference between a one millionaire, three millionaire, five
• 7:46
  Speaker 4: millionaire actually reputationally not that much. Right, That's why we
• 7:50
  Speaker 4: have these terms of like billionaires suddenly. Right, as a
• 7:53
  Speaker 4: next category, what about all those people in between? What
• 7:56
  Speaker 4: I mean, they're worth the time, but somehow reputationally we
• 7:58
  Speaker 4: don't care about them as much. But then we say, oh,
• 8:01
  Speaker 4: but he owns this special piece of art, or this
• 8:03
  Speaker 4: guy ate a banana that was taped on the wall.
• 8:05
  Speaker 5: Right.
• 8:06
  Speaker 1: I like your idea too about you know, owning one
• 8:09
  Speaker 1: bitcoin is going to be such a powerful thing very soon.
• 8:13
  Speaker 4: I mean, there's more than twenty one million millionaires in
• 8:15
  Speaker 4: the world, that's for sure.
• 8:16
  Speaker 1: One hundred million bitcoiners around the world, let's say maybe
• 8:19
  Speaker 1: two hundred million. Now there's seven point six billion people.
• 8:23
  Speaker 4: The point is that I think we'll hit a point
• 8:25
  Speaker 4: in the future we're owning the one full bitcoin, we'll
• 8:29
  Speaker 4: have a status value that emerges more than the fragmented
• 8:32
  Speaker 4: value because it's something as a whole.
• 8:34
  Speaker 1: Right.
• 8:34
  Speaker 4: It's kind of how we look at art for instance,
• 8:35
  Speaker 4: as well. The whole collection is worth more than the
• 8:38
  Speaker 4: individual pieces when you put that together. Any we're not
• 8:41
  Speaker 4: there yet, but I think that's where it's going to go.
• 8:44
  Speaker 2: So that's an intriguing take by yachts too. Obviously yachts
• 8:46
  Speaker 2: to very big into digital assets and more of the
• 8:49
  Speaker 2: collector's side of things, NFTs, et cetera. And that's an
• 8:53
  Speaker 2: interesting take. Okay, I could see that going in that direction.
• 8:56
  Speaker 2: I feel like it's still more of a speculative asset
• 8:59
  Speaker 2: that people will continue need to trade in and out
• 9:01
  Speaker 2: of and will go, just like gold, because I truly
• 9:04
  Speaker 2: believe it has the digital gold moniker, which is a
• 9:07
  Speaker 2: little bit more resident If you listen to Chair Powell
• 9:10
  Speaker 2: talk about this just the other day from the FED,
• 9:12
  Speaker 2: I mean, that's the real concern. I think that would
• 9:15
  Speaker 2: be the biggest issue right there, is that you've got
• 9:18
  Speaker 2: the FED chair talking in the United States FED chair
• 9:20
  Speaker 2: talking about bitcoin and gold on the same standard. Just
• 9:24
  Speaker 2: think about that and look at market cap you kind
• 9:26
  Speaker 2: of get where I'm going. The other thing you have
• 9:27
  Speaker 2: to concern yourself right now with bitcoin. Of course, everybody
• 9:30
  Speaker 2: kind of throwing this up there is Google introducing a
• 9:33
  Speaker 2: quantum technology that potentially everybody was running for the fences
• 9:36
  Speaker 2: saying this could solve the bitcoin puzzle. And of course
• 9:40
  Speaker 2: they introduced Willow. It's a computer chip capable of solving
• 9:43
  Speaker 2: problems in minutes that would take traditional supercomputers septillions of years.
• 9:48
  Speaker 2: I'm not even sure how many that is, but that's
• 9:50
  Speaker 2: a lot of time. With potential applications and medicine, energy,
• 9:54
  Speaker 2: et cetera, this will probably be the case.
• 9:56
  Speaker 3: Oh.
• 9:57
  Speaker 2: Kevin Rose, my buddy noted that cracking big and security
• 10:00
  Speaker 2: would require quantum systems with millions of cubits and beyond
• 10:04
  Speaker 2: Willow's current one oh five millions versus one oh five cubits.
• 10:07
  Speaker 3: So I can get that.
• 10:09
  Speaker 2: Is that there are Kevin Rose, In case you don't know,
• 10:11
  Speaker 2: this is one of the guys who founded a little
• 10:13
  Speaker 2: a company called Dignation. If you guys remember that, let
• 10:16
  Speaker 2: me know down in the comments you've been in tech
• 10:18
  Speaker 2: that long that you know what Dignation is. But that,
• 10:21
  Speaker 2: of course is Kevin Rose and has enough understanding. Also,
• 10:25
  Speaker 2: he's the founder of moon Birds and in the other NFT,
• 10:27
  Speaker 2: so he gets the blockchain space pretty well, so I
• 10:29
  Speaker 2: would trust him on that one.
• 10:31
  Speaker 3: The other thing I want to get.
• 10:32
  Speaker 2: To, of course, is right here Google Willow versus bitcoin encryption.
• 10:36
  Speaker 2: Today Google announced Willow that reached one hundred and five
• 10:38
  Speaker 2: cubits back to the point is that it would take
• 10:40
  Speaker 2: almost a million of these things to get it done.
• 10:43
  Speaker 2: So a lot of experts weighing in on this on
• 10:45
  Speaker 2: computer science, and I think this is a scenario when
• 10:48
  Speaker 2: you get into quantum computing. First of all, the capacity
• 10:51
  Speaker 2: for quantum computing to actually be used by the masses,
• 10:54
  Speaker 2: I think will.
• 10:55
  Speaker 3: Be very very limited.
• 10:56
  Speaker 2: Now, could it be used by rogue nation states or
• 10:59
  Speaker 2: something of that nature. Yeah, that's the concern that I
• 11:03
  Speaker 2: think a lot of people would have. And if you
• 11:05
  Speaker 2: look at a couple of tweets, this is coming in
• 11:06
  Speaker 2: from Emmin the founder of Avalanche, and he's made a
• 11:11
  Speaker 2: couple of statements in here. Quantum computing will make it
• 11:13
  Speaker 2: easier to perform certain operations, factoring numbers, other searches, inverting
• 11:17
  Speaker 2: one way hash functions.
• 11:18
  Speaker 3: Remain just as difficult.
• 11:20
  Speaker 2: But he also is talking about the exposure the quantum
• 11:24
  Speaker 2: computing could circumvent. And what he's talking about here is
• 11:27
  Speaker 2: the public keys that are exposed when transactions are issued.
• 11:30
  Speaker 3: So we know how that works.
• 11:32
  Speaker 2: Quantum attacker has a brief opportunity after you seize public
• 11:35
  Speaker 2: key in transaction, but after that attraction, it's incorporated into
• 11:38
  Speaker 2: the chain. So there is a slight window. Sure, quantum
• 11:41
  Speaker 2: computing could go that direction, but it gets back to
• 11:43
  Speaker 2: the point of where's quantum computing and what is it
• 11:47
  Speaker 2: doing in the hands of certain people. It's almost like
• 11:50
  Speaker 2: nuclear power if you have only a handful of countries
• 11:53
  Speaker 2: in the world that are capable of that, and we're
• 11:56
  Speaker 2: still not seeing the technology. So we are way way out,
• 12:00
  Speaker 2: I believe.
• 12:01
  Speaker 3: Now.
• 12:01
  Speaker 2: Could it advance with AI, yeah, sure, Could it come
• 12:04
  Speaker 2: in the next one, two, five, ten years, yes, but
• 12:07
  Speaker 2: getting there I think by then we'll see some advancements
• 12:11
  Speaker 2: in the blockchain as well. Other points I want to
• 12:14
  Speaker 2: get too, is this story right here Ray Dalio is
• 12:16
  Speaker 2: predicting a global debt crisis. This is good because not
• 12:21
  Speaker 2: good in the global debt crisis. Good in the sense
• 12:23
  Speaker 2: of there is an alternative to what you can do
• 12:27
  Speaker 2: when you have Fiat starting to fail across the globe,
• 12:29
  Speaker 2: and that of course is going to be bitcoin and gold.
• 12:31
  Speaker 2: According to Dalio, a couple of points he's making right here.
• 12:35
  Speaker 2: He said, unprecedented levels of indebtedness seen in all the
• 12:39
  Speaker 2: major countries this will be, including the United States and China.
• 12:42
  Speaker 2: This will be pretty much the opening for countries to
• 12:44
  Speaker 2: be able to not have a debt crisis in years,
• 12:47
  Speaker 2: which will be the potential of shifting over and almost
• 12:51
  Speaker 2: doing a digital reset into digital assets. So think about
• 12:55
  Speaker 2: timing here. You look at bitcoin, you look where atheroreum is,
• 13:00
  Speaker 2: and then you look at the rise of some of
• 13:01
  Speaker 2: these other digital assets that are going into RBA's real
• 13:04
  Speaker 2: world assets, and you look at tokenized securities. Everything is
• 13:09
  Speaker 2: starting to move in the direction. Given another two years
• 13:12
  Speaker 2: of development against FIAT, and you may have a perfect storm,
• 13:18
  Speaker 2: almost like that Overton window of the ability to shift
• 13:21
  Speaker 2: into something like a digital asset infrastructure worldwide. So there's
• 13:26
  Speaker 2: a lot of things happening. So the good thing is
• 13:29
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• 13:38
  Speaker 3: We will be doing some more live streams.
• 13:39
  Speaker 2: We'll probably be doing a livestream next week when we
• 13:41
  Speaker 2: do and air the chair Powel's statement on whether or
• 13:45
  Speaker 2: we're going to get an interest rate cut. And I
• 13:47
  Speaker 2: think that's what everybody's waiting for right now. Last up,
• 13:49
  Speaker 2: of course, but not least Peter Schiff. One good thing
• 13:53
  Speaker 2: Biden can do before leaving office is sell all the
• 13:55
  Speaker 2: bitcoin currently held by the US government. The money would
• 13:58
  Speaker 2: raise twenty twenty four budget deficite, but also put an
• 14:01
  Speaker 2: end to all the nonsense about harmful strategic Bitcoin reserve. This,
• 14:05
  Speaker 2: of course, is a goldbug talking the Gold book. I
• 14:09
  Speaker 2: completely get it. I understand that the new asset has
• 14:13
  Speaker 2: been selected, it's going to be Bitcoin. For other digital
• 14:16
  Speaker 2: assets that are to make their way into it, gold
• 14:19
  Speaker 2: may just have another competitor and it's going to have
• 14:21
  Speaker 2: to deal with that for quite some time. Hence, Peter's
• 14:25
  Speaker 2: not too happy right now. So hey, guys, if you're
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• 14:30
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• 14:32
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• 14:35
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