Latest / The Paul Barron Crypto Show / Tariff Crash = Rate Cuts Coming?🔥Crypto Market Update

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Tariff Crash = Rate Cuts Coming?🔥Crypto Market Update · The Paul Barron Crypto Show

0:07
Speaker 1: Tariffs are exploding the market, and of course we're going
0:09
Speaker 1: to break it all down for you guys today and
0:11
Speaker 1: the impact on crypto. My name is Paul Barren. Welcome
0:13
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Speaker 1: going long term. Let's go into a couple of points.
0:40
Speaker 1: COBEEC letter is hitting on all of this. The tariffs
0:43
Speaker 1: now live. Twenty five percent tariffs on all goods from Mexico,
0:46
Speaker 1: twenty five percent tariffs on all goods except energy from Canada,
0:51
Speaker 1: and then twenty percent tariffs on goods from China to
0:54
Speaker 1: the US. This was double stacking too. That was ten
0:57
Speaker 1: ten on energy from Canada to the US than twenty
1:00
Speaker 1: five percent retaliatory terriffs up to one hundred and fifty
1:03
Speaker 1: five billion of goods to US from Canada to Canada.
1:07
Speaker 1: So you can see the trade war has officially begun.
1:11
Speaker 1: And I think it's only going to get worse from
1:13
Speaker 1: here until we start to see some of these things
1:17
Speaker 1: soften up. And there's a lot of people looking at
1:19
Speaker 1: this with where these tariffs may force the hand of
1:22
Speaker 1: the Fed, and I'll get into that in a second.
1:24
Speaker 1: I do want to go to a couple of clips though,
1:26
Speaker 1: because everybody else right now is just saying this is
1:28
Speaker 1: absolutely bonkers. Take a look.
1:30
Speaker 2: But they call this the dumbest trade war in American history,
1:33
Speaker 2: and we've written the retaliatory tariffs will be coming from
1:36
Speaker 2: those countries. This is going to make out of parts
1:40
Speaker 2: energy things that Americans use more expensive. Republicans are acknowledging
1:46
Speaker 2: that every day Americans are going to feel it, all.
1:49
Speaker 1: Right, So that was one clip. Then, of course you
1:51
Speaker 1: have to bring in the Canadian Prime Minister justin Trudeau.
1:55
Speaker 1: Isn't what he had to.
1:55
Speaker 3: Say, But Donald, they point out that even though you
2:00
Speaker 3: you're a very smart guy, this is a very dumb
2:03
Speaker 3: thing to do. We two friends fighting is exactly what
2:09
Speaker 3: our opponents around the world want to see.
2:14
Speaker 1: All right, so a lot going at it right now.
2:17
Speaker 1: One thing I will say, if you know Trump, and
2:19
Speaker 1: if you've understood his psyche, he does not like to
2:21
Speaker 1: be called dumb. And I don't think he likes losing.
2:24
Speaker 1: So you have to kind of position your position into
2:28
Speaker 1: where it makes as though he might have won, but
2:30
Speaker 1: in reality maybe it's a fair deal or a loss
2:32
Speaker 1: that I think those are the things that mini world
2:35
Speaker 1: leaders are really grappling with right now. Well, you look
2:39
Speaker 1: at that, and then you have to kind of consider
2:41
Speaker 1: maybe is this working because you have Honda now who
2:44
Speaker 1: has decided to produce next generation Civics here in the
2:47
Speaker 1: United States, in the United States instead of Mexico. So
2:52
Speaker 1: there's a lot happening here, guys that maybe we don't
2:55
Speaker 1: fully understand. I'm surprised that we're starting to see movement
2:59
Speaker 1: so quickly, but maybe there has been something working between
3:02
Speaker 1: Lutnik and a lot of these other nations that is
3:05
Speaker 1: behind the scenes. I don't know, but for this to
3:07
Speaker 1: drop at this time very intriguing things for sure. Other
3:11
Speaker 1: things I want to hit on is what does this
3:13
Speaker 1: mean to the US and the American consumer? You me,
3:17
Speaker 1: what about prices? Well, the target CEO tells you a
3:21
Speaker 1: little bit. Take a look.
3:22
Speaker 4: Midnight has come and they are in place as far
3:25
Speaker 4: as we know at the moment.
3:26
Speaker 5: We've done a lot of scenario planning and we've tried
3:28
Speaker 5: to understand what are the different options that we might
3:30
Speaker 5: have to face.
3:32
Speaker 6: We'll go back and.
3:32
Speaker 5: Understand the implication of Canada and Mexico we've been looking
3:35
Speaker 5: at that. We know for certain categories like fruits and
3:39
Speaker 5: vegetables where during this winter season we depend on Mexico
3:43
Speaker 5: for a significant amount of supply. No, those are categories
3:46
Speaker 5: where we'll try to protect pricing, but the consumer will
3:50
Speaker 5: likely see price increases over the next couple of days.
3:52
Speaker 5: There's a twenty five percent tariff. Those prices will go.
3:55
Speaker 4: Up for things like what strawberries, avocados, bananas.
3:58
Speaker 1: What are we talking?
3:59
Speaker 5: You've got that right?
4:00
Speaker 3: Is that?
4:01
Speaker 5: So that some of the key items.
4:02
Speaker 4: And those prices could change within days.
4:05
Speaker 5: In the chies, certainly over the next week.
4:08
Speaker 1: All right, So this is going to either put a
4:09
Speaker 1: lot of pressure on American citizens or it's going to
4:12
Speaker 1: put the pressure on American citizens to not buy these things,
4:15
Speaker 1: which will immediately affect the economies of these other nations,
4:19
Speaker 1: including these tariffs that are starting to hit. Here's a
4:22
Speaker 1: portinoy kind of going at it. Hey, if we're going
4:24
Speaker 1: to see a trade war that goes like this that
4:26
Speaker 1: tanks the stock market, which is what has happened, we're
4:29
Speaker 1: going to need a little bit more pumping from crypto
4:31
Speaker 1: Donald So let's get on it. Of course, having a
4:35
Speaker 1: little bit of fun with that, but not necessarily anything
4:37
Speaker 1: that is funny at all. Goldman Sachs is saying, hey,
4:41
Speaker 1: there is a small chance though that the US economy
4:43
Speaker 1: could slide into a recession. I put a poll out
4:46
Speaker 1: this morning on Twitter, and you look at some of
4:50
Speaker 1: the things I was hitting on because technology stocks were falling,
4:53
Speaker 1: et cetera. Right now, fifty eight percent of those that
4:57
Speaker 1: answer the poll say, yeah, we might be heading for
4:59
Speaker 1: a recession. Here, let me know what you guys think.
5:01
Speaker 1: Drop some notes in the comments down below. I'd love
5:04
Speaker 1: to get your feedback on where you guys think. Just
5:06
Speaker 1: say yes, recession, no recession, and that'll help us on
5:11
Speaker 1: getting some information. Bitcoin is no longer a safe haven
5:14
Speaker 1: as a two k priced ive now leaves gold back
5:18
Speaker 1: in command of the potential asset that could win over
5:23
Speaker 1: all of this. Now, the question I think going forward
5:26
Speaker 1: is is bitcoin digital gold? Peter Shift seem to think so,
5:30
Speaker 1: not too long ago, and is there an opportunity to
5:33
Speaker 1: maybe buy bitcoin at a better price, or are we
5:35
Speaker 1: possibly looking at the beginning of a much deeper dive
5:40
Speaker 1: in crypto macrooff comes In says things are getting a
5:43
Speaker 1: little bit ugly for Trump. First time the market turns
5:45
Speaker 1: seriously against him on tariff announcements. This being the S
5:48
Speaker 1: and P five hundred stocks are down, bond yields down,
5:50
Speaker 1: not even the US dollar can rally, so a very
5:54
Speaker 1: clear statement that tariffs are very bad for the US economy.
5:57
Speaker 1: My guess is that Trump is seeing also sorts of
6:01
Speaker 1: pressure from some of the wealthiest individuals in the United
6:05
Speaker 1: States because I'm sure their portfolios have started to really
6:08
Speaker 1: start to suffer. Even Berkshire Hathaway repositioned quite a bit.
6:12
Speaker 1: So in a situation where you couldn't run to get
6:14
Speaker 1: to safety, that's the real question. Everybody's asking to you
6:17
Speaker 1: to health stocks, defense stocks potentially, or gold and bitcoin.
6:21
Speaker 1: Right now, it's still leaning gold, bitcoin and defense stocks
6:25
Speaker 1: out there that are the potentials. This is how will
6:29
Speaker 1: the Fed react? Because this could pivot everything. Then this
6:32
Speaker 1: is the thing I was getting at earlier. What if
6:35
Speaker 1: this is a plan all along, trying to get the
6:37
Speaker 1: Fed to force their hand or push enough pressure on
6:41
Speaker 1: inflation to pivot the Fed's position, and then come back
6:45
Speaker 1: in and clean it up later. Look at this clip.
6:48
Speaker 6: Hey, good morning, Carl. Fed fund futures on the move
6:50
Speaker 6: responding to terrorists by President, You'll by pricing in rate
6:53
Speaker 6: cuts from the FED much more aggressively. Markets stuff pricing
6:56
Speaker 6: in three cuts from the Fed this year with a
6:59
Speaker 6: greater than fifty percent, probably of a first gut in June,
7:01
Speaker 6: a second one in July, and now a third one
7:04
Speaker 6: in September. But will the Fed come to the rescue
7:07
Speaker 6: and how quickly? Fed officials have said they're going to
7:09
Speaker 6: respond to weakness and growth and employment, but they can
7:12
Speaker 6: only do so if inflation is headed to the two
7:14
Speaker 6: percent target and inflation expectations remain under control. The road
7:19
Speaker 6: to a June cut runs through this moderate tariffs that
7:22
Speaker 6: would mean backing off the current levels against Mexico and Canada,
7:25
Speaker 6: weaker job growth and declining inflation along with contained inflation expectations.
7:31
Speaker 6: Markets needs to betting on that scenario, but the Fed
7:34
Speaker 6: could find it tough to cut while tariff induced price
7:36
Speaker 6: hikes are working their way through the inflation indices, and
7:40
Speaker 6: until it's clear to policy makers they face one time
7:43
Speaker 6: price hikes, not a rekindling of inflation, guys.
7:47
Speaker 1: I think that's the key that we're gonna have to
7:49
Speaker 1: watch right now. If you look at trueflation, this has
7:52
Speaker 1: been happening over the last thirty days, a significant drop
7:55
Speaker 1: off of that two point twenty six high to where
7:58
Speaker 1: we are now, which is round one point four to two.
8:00
Speaker 1: This is not true inflation. So has there been an
8:03
Speaker 1: immediate effect just from the sense of these tariffs causing
8:06
Speaker 1: pause from consumers, which obviously drives demand lower, driving demand
8:12
Speaker 1: lower than obviously you see inflation starting to slide in.
8:15
Speaker 1: That's the real question going forward for the FED. And
8:17
Speaker 1: I think if you look at the FED right now
8:19
Speaker 1: decision and let's go to March. Right now, March is
8:22
Speaker 1: pretty much a no change. Let me kind of zoom
8:24
Speaker 1: in on that for you guys, so you can see
8:25
Speaker 1: it a little bit better. Pretty much a no change
8:29
Speaker 1: right now, but it is dipping a little bit down.
8:31
Speaker 1: So now we're down in the ninety two percent range
8:34
Speaker 1: and we still have a little bit to go. So
8:36
Speaker 1: this is March nineteenth. Now you flip over to May,
8:40
Speaker 1: things start diving quickly into possibly a wash, meaning if
8:46
Speaker 1: things continue to go on this track right now, May
8:48
Speaker 1: could be the time in which we see an actual
8:51
Speaker 1: rate cut occur, and then June is just an absolute
8:54
Speaker 1: free for all. It's flipping completely saying that, yeah, that's
8:56
Speaker 1: when it's going to occur. And of course this could
8:59
Speaker 1: be the cycle that starts to move things around. Remember
9:02
Speaker 1: timing is very very important right now because of how
9:06
Speaker 1: these stocks, securities, crypto, all these assets are starting to
9:11
Speaker 1: work their way down. Is there a potential opportunity here
9:14
Speaker 1: for a buy in? That's what everybody's watching. If you
9:17
Speaker 1: have the money to buy in, that's the other problem
9:19
Speaker 1: right now. Scott Bessen talks about this, well, hey, what
9:22
Speaker 1: if we cut your taxes, and that's what we're anticipating
9:25
Speaker 1: coming out of the crypto summit on Friday. Is most
9:28
Speaker 1: likely some sort of tax incentive or something that could
9:33
Speaker 1: benefit American crypto company holders. So take a look at
9:37
Speaker 1: this clip.
9:38
Speaker 7: Now, on the economics side, I think thus far one
9:40
Speaker 7: of the biggest wins for the American people is since
9:44
Speaker 7: election Day and since inauguration, mortgage rates have come down dramatically,
9:49
Speaker 7: both the level of the tenure bond and the spread
9:52
Speaker 7: between the tenure and mortgage rates, which I think is
9:56
Speaker 7: an effect of the bank deregulation we're going to do so.
10:01
Speaker 6: That you know, that affect credit cards too well.
10:04
Speaker 7: The interest rates will affect credit cards, it'll affect auto loans,
10:08
Speaker 7: and the bottom fifty percent of Americans over the past
10:12
Speaker 7: two years have gotten crushed by these high interest rates.
10:15
Speaker 7: So we're set on bringing interest rates down, and I
10:18
Speaker 7: think that's one of the great accomplishments so far.
10:22
Speaker 1: All Right, so there's two tracks that you could be
10:24
Speaker 1: looking at here. One, of course, if interest rates start
10:27
Speaker 1: to drop significantly, maybe it leaves a window open for
10:32
Speaker 1: people to join the you know, the new economy. The
10:34
Speaker 1: question is is how do they do it if they
10:36
Speaker 1: don't have a job, or if they're continuing to see
10:39
Speaker 1: household goods and prices driving into that budget. That's the
10:43
Speaker 1: problem everybody's facing. Schamath came in Polyopatia. He comes in
10:47
Speaker 1: from the All In podcast. You had an interesting statement here.
10:49
Speaker 1: Let me zoom it on that Trump is more popular
10:51
Speaker 1: with young people than old Most young people don't own stocks,
10:54
Speaker 1: so really right now, they're very asset lights, so they're
10:57
Speaker 1: not necessarily being hit by any of the security side
11:01
Speaker 1: of things. What we're seeing currently in the market. Trump's
11:03
Speaker 1: also more popular amongst working in middle class also asset
11:07
Speaker 1: lights individuals, so it's not really affecting some of his base,
11:12
Speaker 1: mean the stock market, the crypto markets. But the interesting
11:15
Speaker 1: thing is is how does he unite. So if he
11:18
Speaker 1: figures out a way to get rents lower, then he's
11:21
Speaker 1: going to bring young people and asset like working people
11:24
Speaker 1: into a reliable voting block for the foreseeable future. So
11:27
Speaker 1: he could be securing up ensuring a Republican White House.
11:32
Speaker 1: Remember we had Obama in the White House. Outside of
11:34
Speaker 1: the Trump thing, you could have had a back to
11:38
Speaker 1: back twelve year run with Obama and Biden. Maybe that's
11:41
Speaker 1: what Trump is going for in reconstructing a soft fall
11:45
Speaker 1: of the market to try to make things work for
11:48
Speaker 1: the middle class. We'll see how all this plays out,
11:51
Speaker 1: but what I do think is that we are seeing
11:54
Speaker 1: havoc in the streets. Tamath goes on to talk about
11:57
Speaker 1: sentiment and the economy, because this is a very critical
12:00
Speaker 1: right now take a look.
12:02
Speaker 8: So I think the question that I have is if
12:04
Speaker 8: we go through a prolonged austerity program and the frustration
12:11
Speaker 8: amongst the American populace builds. What's the release valve. So
12:16
Speaker 8: you have this coalition of the asset light working in
12:19
Speaker 8: middle class, and then you have other people, patriotic business
12:23
Speaker 8: people and patriotic business owners and technology people that care
12:27
Speaker 8: about innovation that MAGA hasn't been able to corral into
12:31
Speaker 8: a coalition. My point is, if that is the consistent,
12:36
Speaker 8: reliable thing that cements political power multiple elections from now,
12:41
Speaker 8: and we've seen this before in the past, where Republicans
12:44
Speaker 8: can go on a three term run or a four
12:46
Speaker 8: term run. Democrats have as well in the past. It
12:49
Speaker 8: is bad news for the stock market and it is
12:51
Speaker 8: bad news for asset owners because it doesn't reward the constituents.
12:55
Speaker 8: Back to free Brooks point. So, if you are going
12:57
Speaker 8: to feed your constituents and your constituents do ow't own stocks,
13:01
Speaker 8: and your constituents don't own homes, or they are so
13:05
Speaker 8: wealthy that they can be inoculated from a massive drawdown
13:09
Speaker 8: in those asset categories, what do you think the winning
13:13
Speaker 8: strategy is. I think if you want to cement political power,
13:17
Speaker 8: I think it requires a walking down of these asset
13:21
Speaker 8: markets in a meaningful way that stocks and that's real estate,
13:25
Speaker 8: and I just don't see any other way around it.
13:27
Speaker 1: So that's a big reset right there, walking down the
13:29
Speaker 1: asset market. And remember you gotta look at where the
13:33
Speaker 1: market is right now, what we've seen in the situation
13:37
Speaker 1: coming in from not only the S and P but
13:39
Speaker 1: also the highest really crypto market, all of those. And
13:42
Speaker 1: then if you look at the real estate market, very
13:44
Speaker 1: much to what Tamatha is saying, maybe this is just
13:46
Speaker 1: a releveling of that. And if that is the case,
13:49
Speaker 1: there's going to be a lot of people in the
13:52
Speaker 1: asset rich that are going to get hit with this.
13:55
Speaker 1: So very interesting times ahead. Now with that being said,
13:59
Speaker 1: now you have to look at that position. Let's flip
14:02
Speaker 1: over to another position right here. This is coming in
14:04
Speaker 1: from Tom Lee from Fronstrat and he talks about a
14:08
Speaker 1: little bit more where he thinks the market is going,
14:10
Speaker 1: whether it's short term, long term.
14:11
Speaker 4: Take a look so the investors view this as a
14:15
Speaker 4: crisis when it's really a growth scare. So to me,
14:19
Speaker 4: I think there's a good chance we're making our lows
14:21
Speaker 4: for the first half like this week, and I think
14:24
Speaker 4: the consumer surveys themselves are actually very flawed right now,
14:27
Speaker 4: and they're picking up less the fact that egg prices
14:30
Speaker 4: are up, and I think more political respondents know, like
14:36
Speaker 4: the Umish survey, there's a huge bifurcation between democratic non
14:40
Speaker 4: inflation versus republican and the bond market itself is giving
14:45
Speaker 4: very conflicting messages about inflation. In fact, I would say
14:48
Speaker 4: if I looked at what the bond market's saying, I
14:50
Speaker 4: think it's saying there's no problem with inflation. The reality
14:53
Speaker 4: is that if policies are enacted that creates such a
14:58
Speaker 4: severe shock because of teriffs, then we could have a recession, right,
15:03
Speaker 4: And that's why investors are nervous. But it's at the
15:07
Speaker 4: same time the tariffs are accomplishing the administration's goals. Because
15:12
Speaker 4: if I was the White House and I know that
15:17
Speaker 4: I have some opposing risk from the Fed today because
15:21
Speaker 4: the Fed's hawkishly paused. Well, if the tariffs are causing
15:26
Speaker 4: confidence to fall in business activities slow, then the FED
15:30
Speaker 4: has to get off neutral, all right.
15:34
Speaker 1: So that's back to that point we mentioned earlier. Is
15:37
Speaker 1: Trump in a way forcing the hand of the FED,
15:39
Speaker 1: which is going to be one of the governing sectors
15:41
Speaker 1: out there for long term investment and stability. That's the
15:44
Speaker 1: other thing that everybody is looking for right now. It's
15:47
Speaker 1: stability and some sort of predictive that not that you're
15:50
Speaker 1: trying to predict where the market is going, but knowing
15:52
Speaker 1: that you're not going to see an administration that's going
15:54
Speaker 1: to be doing daisy chain and yo yo kind of
15:57
Speaker 1: positions that have been out there. Now all of this
16:00
Speaker 1: could be a part of a big plan and you
16:02
Speaker 1: look at I'm not saying that it is. I'm just
16:04
Speaker 1: saying that you have to look at how you know,
16:07
Speaker 1: politicians play, and Trump is not really a politician. He
16:10
Speaker 1: is a business guy that looks at negotiating tactics. One
16:15
Speaker 1: of the negotiating taxics he did this week was he
16:17
Speaker 1: kicked Zelenski out of the White House and then sure
16:20
Speaker 1: enough we get a flip, and Vladimir Zelensky says now
16:25
Speaker 1: that Ukraine is ready to come to the negotiating table,
16:27
Speaker 1: were ready to work fast to end the war, and
16:30
Speaker 1: the first stages could be the release of prisoners and
16:32
Speaker 1: the truth in the sky. So this is a big shift, guys,
16:37
Speaker 1: This would be a major shift, and it is exactly
16:40
Speaker 1: what Trump was trying to get Zelensky to do when
16:43
Speaker 1: he was at the White House. That doesn't necessarily didn't
16:46
Speaker 1: come through. They of course signed the minerals deal. Now
16:48
Speaker 1: the US it looks like they're going to sign a
16:50
Speaker 1: minerals deal with Russia, which is going to displace China
16:54
Speaker 1: potentially out of the East. There's some very intriguing things
16:58
Speaker 1: happening right now. And if you look look at the
17:00
Speaker 1: you know, kind of the checkboard of what Trump has
17:03
Speaker 1: been saying all along, you know, make America first, try
17:06
Speaker 1: to get this war over with, look at the reset
17:09
Speaker 1: of the economy, and he's trying, I think he's trying
17:13
Speaker 1: on all ends to do that. The question we are
17:15
Speaker 1: one month in, what is left as we start to
17:18
Speaker 1: see this construct build out. Last point I want to
17:22
Speaker 1: hit at is the strategic reserve. And this is one
17:26
Speaker 1: that everybody was freaking out yesterday because if you're not
17:29
Speaker 1: one of those holders that fell into Bitcoin, eight Cardonal,
17:32
Speaker 1: Solana and XRP, everybody was pretty much upset, or if
17:36
Speaker 1: you were one of those, you were you know, happy
17:39
Speaker 1: or believed to be happy. The question, though, is how
17:42
Speaker 1: do you get assets into this strategic reserve. Here's a
17:45
Speaker 1: clip from John Deaton. You guys, remember John Deaton. He
17:48
Speaker 1: has a good idea here. Take a look.
17:50
Speaker 9: X ROP is one of the cryptos are going to
17:53
Speaker 9: be in this reserve.
17:54
Speaker 3: Correct?
17:55
Speaker 9: Is Donald Trump now going to drop He has to
17:57
Speaker 9: drop the case because if he doesn't drop the case,
18:00
Speaker 9: US holdings are going to go down.
18:01
Speaker 1: He's going to hurt himself.
18:03
Speaker 10: Liz Charlie, imagine what four years difference the last thirty
18:06
Speaker 10: days of the Trump first term. Jay Clayton as the
18:09
Speaker 10: SEC Chairman on the way out the door, filed this
18:12
Speaker 10: Ripple case. Four years later, within almost thirty days of
18:15
Speaker 10: the second term of the presidency. Now XRP is going
18:18
Speaker 10: to be part of the crypto drops it.
18:20
Speaker 5: He has to drop it.
18:22
Speaker 10: We just had a United States president stamp of approval
18:26
Speaker 10: on XRP.
18:27
Speaker 9: He doesn't drop x the XRP case, the American taxpayer
18:31
Speaker 9: is going to get screwed on this.
18:33
Speaker 10: Well, that's one thing.
18:34
Speaker 5: Here's a thought.
18:34
Speaker 10: How about Ripple pays that one hundred and twenty five
18:37
Speaker 10: million fine that Judge Tours issued and start the crypto
18:40
Speaker 10: reserve in xr P.
18:41
Speaker 1: John, why is boom? There you go. That's a great
18:46
Speaker 1: statement from Deaton, and that would do two things. And
18:50
Speaker 1: remember I just said earlier in the in the episode,
18:53
Speaker 1: Trump likes to win or look to be a position
18:56
Speaker 1: of strength. So if they do hold it, say yeah,
18:58
Speaker 1: we're gonna hold that. We're gonna pay the fine. And
19:01
Speaker 1: XRP has already agreed to this and said yeah, we'll
19:03
Speaker 1: go ahead, or Ripple has already agreed to this, We'll
19:05
Speaker 1: pay the fine. And then Trump says, yeah, We're going
19:07
Speaker 1: to slide that find right into the strategic Reserve. This
19:10
Speaker 1: would be the kind of you know, chess play that
19:13
Speaker 1: I think is happening. That could be a huge move
19:16
Speaker 1: for now on other assets because many people have talked
19:19
Speaker 1: about this of seeding the reserve, meaning chains could come in,
19:22
Speaker 1: whether it's Cardono, Avalanche, Hbar, a lot of these different
19:26
Speaker 1: companies that could seed assets tokens into the reserve for
19:31
Speaker 1: the US government. Now that would that be good for
19:34
Speaker 1: the chains maybe not necessarily, but for XRP and Ripple
19:38
Speaker 1: it could have a longer play and a lot more
19:40
Speaker 1: implementation going forward. So this could be huge for XRP
19:44
Speaker 1: going forward. And I think all of you guys you
19:47
Speaker 1: got to let me know what do you think about
19:49
Speaker 1: this particular reserve and what do you think is going
19:51
Speaker 1: to happen on Friday at the Crypto Summit. Let me
19:54
Speaker 1: know down on comments below. Check out, of course the
19:56
Speaker 1: Diamond Circle. It's a great place to get additional content.
19:59
Speaker 1: And also we'll get into our Telegram group. We only
20:01
Speaker 1: have one Telegram group. Don't fall pary to some of
20:04
Speaker 1: these scammers out that are out there. Guys, it's official
20:07
Speaker 1: Paul Baron. It's that simple. It always has been, always
20:09
Speaker 1: will be. Use that link down below, always come back
20:12
Speaker 1: to the source when you're checking out any of these
20:15
Speaker 1: things out there, and just be cautious on this stuff
20:17
Speaker 1: out there well, especially in these markets, so things are
20:19
Speaker 1: going a little crazy. Follow me out there on x
20:21
Speaker 1: at Paul Baron. We'll catch you next time right here
20:23
Speaker 1: on Techpath