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Everyone Buying The Dip in August📉 September Rally?🚀 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: A couple of things are happening with Bitcoin that could
• 0:09
  Speaker 1: be setting us up for a very interesting fall. Things
• 0:13
  Speaker 1: that are also happening with the other giant out there
• 0:15
  Speaker 1: is Ethereum, also key indicators pointing to a new direction.
• 0:20
  Speaker 1: So it's going to be a good one today. I think.
• 0:22
  Speaker 1: One of the things that we got to hit on
• 0:23
  Speaker 1: though before we get started is our sponsor, and that
• 0:26
  Speaker 1: is Coinbase. If you're a brand new to crypto and
• 0:29
  Speaker 1: this is your first time in well this is a
• 0:30
  Speaker 1: great place to start. Go over to coinbase dot com.
• 0:33
  Speaker 1: Future of money is here. It's the most trusted place
• 0:35
  Speaker 1: out there for people in businesses to go out and buy,
• 0:38
  Speaker 1: sell and use crypto. Check it out. So if your
• 0:41
  Speaker 1: business you may not know that there is a coinbas
• 0:43
  Speaker 1: commerce platform, go out and check that out as well.
• 0:46
  Speaker 1: Start your crypto journey over there, and make sure and
• 0:49
  Speaker 1: use our link down below to get started. Okay, a
• 0:52
  Speaker 1: couple of things I want to hit at which are
• 0:54
  Speaker 1: pretty big right now. Cobec coming out with retail investors
• 0:58
  Speaker 1: being all in. Let me kind of zoom in on
• 0:59
  Speaker 1: that for you guys. A little bit inflows to us
• 1:02
  Speaker 1: stock jumped over the last couple of weeks highest levels
• 1:04
  Speaker 1: in the last twelve months, so activity there on the
• 1:06
  Speaker 1: SMP aggregate in net retail five day moving average purchase
• 1:10
  Speaker 1: have more than doubled in a month and hit almost
• 1:13
  Speaker 1: one point seven billion in the last week. This is
• 1:15
  Speaker 1: all coming after the negative seven that we saw, which
• 1:19
  Speaker 1: proved to be a huge by the dipth opportunity, So
• 1:23
  Speaker 1: inflows continuing to move. Risk appetite for stop stocks overall
• 1:27
  Speaker 1: still very strong if you take a look at the SMP,
• 1:31
  Speaker 1: and I think this also starts to play into crypto overall.
• 1:34
  Speaker 1: Some of the things that you have to compare to
• 1:37
  Speaker 1: is the risk on sentiment and this may boost right
• 1:40
  Speaker 1: now if you look at both crypto and gold ahead
• 1:43
  Speaker 1: of these elections and some of the things that really
• 1:46
  Speaker 1: play out. I think especially in the elections, you know,
• 1:49
  Speaker 1: you look at a couple of things. Financial marks is
• 1:51
  Speaker 1: getting a little crazy, could spill over in a crypto
• 1:53
  Speaker 1: and gold. I think that could happen, especially if we
• 1:56
  Speaker 1: see real movement next month in September from the adjusting
• 2:00
  Speaker 1: rates down and if we see the perfect storm, which
• 2:04
  Speaker 1: is maybe a gop led election run, a rate cut,
• 2:11
  Speaker 1: and possibly job pressure because job pressure will put a
• 2:14
  Speaker 1: little bit of I think movement into risk assets. Add
• 2:18
  Speaker 1: in the fact that corporations are slashing cash on and
• 2:20
  Speaker 1: looking at share buybacks. You also have Goldman who's seen
• 2:25
  Speaker 1: on record demand from clients buying the dips, adding fuel
• 2:29
  Speaker 1: political tension reflected in the bitcoin skew, which Favors kind
• 2:33
  Speaker 1: of puts as we approach the election itself, so you
• 2:37
  Speaker 1: can kind of see there's a very interesting situation brewing here,
• 2:41
  Speaker 1: and I think this is something that we'll continue to see.
• 2:44
  Speaker 1: So this may be our last real chance when you
• 2:47
  Speaker 1: look at the market conditions and what is happening, both
• 2:50
  Speaker 1: from political landscape, from an economic standpoint, a macro standpoint,
• 2:55
  Speaker 1: and also the appetite for investors. Is this our last
• 2:58
  Speaker 1: shot to get bitcoin at fifty k to sixty k ranges?
• 3:02
  Speaker 1: This is an interesting time. Kobac also comes in a
• 3:05
  Speaker 1: typical bar. Gold now costs around a million bucks. Over
• 3:09
  Speaker 1: the past year, the value of value of gold weighing
• 3:12
  Speaker 1: four un announcers has served by thirty two percent. At
• 3:15
  Speaker 1: the same time, Spot gold prices closed yesterday at above
• 3:18
  Speaker 1: twenty five hundred. That's an all time high, so pretty
• 3:21
  Speaker 1: big deal. Gold markets continue to trade like we're in
• 3:23
  Speaker 1: a bit of a crisis, which could still be the
• 3:26
  Speaker 1: case going forward. If you look at the performance of
• 3:29
  Speaker 1: gold over the last year, I should say, really just
• 3:32
  Speaker 1: the year to date, Bitcoin holding at about almost a
• 3:35
  Speaker 1: two hundred and fifty percent gain on year to date
• 3:38
  Speaker 1: since January, gold up around twenty two percent. So depending
• 3:42
  Speaker 1: on your risk appetite, those are the kind of scenarios
• 3:45
  Speaker 1: that you are facing, both of which are actually in
• 3:48
  Speaker 1: pretty good shape. I want to go over to a
• 3:51
  Speaker 1: clip real quick, and this will get into a little
• 3:53
  Speaker 1: bit more detail of why we haven't seen bitcoin really
• 3:57
  Speaker 1: starting to hit it stride. Take a look.
• 4:00
  Speaker 2: One thing that's not participating in this move is bitcoin
• 4:02
  Speaker 2: right now. So you know, it's had a series of
• 4:05
  Speaker 2: lower hides, a series of lower lows. How do you
• 4:08
  Speaker 2: explain that disconnect between what gold's doing right now and
• 4:11
  Speaker 2: the way that Bitcoin's been acting over the last couple months.
• 4:13
  Speaker 3: Yeah, so a few factors are at play. One is
• 4:16
  Speaker 3: the unwind of various carry trades and growth, which has
• 4:20
  Speaker 3: been struggling a little bit. And when you look at
• 4:22
  Speaker 3: Bitcoin's correlation with the Nasdaq, it's had a two year high,
• 4:26
  Speaker 3: it's well below the highs that we had in kind
• 4:28
  Speaker 3: of late twenty twenty two, but it's a two year high.
• 4:31
  Speaker 3: The second reason is there are four sellers in the market.
• 4:35
  Speaker 3: The German government has sold all of its bitcoin two
• 4:37
  Speaker 3: billion dollars worth. The US government is selling Silk Road
• 4:40
  Speaker 3: related coins. There are two major bankruptcies where creditors have
• 4:44
  Speaker 3: just been paid out, that's Mount Cox and Genesis. So
• 4:47
  Speaker 3: with all this foreselling behind us. And this is a
• 4:50
  Speaker 3: typical seasonal pattern where bitcoin tends to struggle in the
• 4:53
  Speaker 3: kind of one to three months after the having which
• 4:55
  Speaker 3: was in April, and right pre election, as the market
• 4:59
  Speaker 3: comes to grip with whatever candidate wins, we're in for
• 5:02
  Speaker 3: four more years of reckless fiscal policy. The history is
• 5:07
  Speaker 3: that bitcoin really hits astride at that point.
• 5:09
  Speaker 4: So we're buyers here.
• 5:11
  Speaker 3: We think it recovers.
• 5:13
  Speaker 1: So Siegull Matthew Siegel there from Benneck, I think he
• 5:16
  Speaker 1: hits on all the points. You know, he's nailing it
• 5:19
  Speaker 1: in the sense of timing, the sense of what we've
• 5:22
  Speaker 1: seen over the last three months. And also the cycle
• 5:25
  Speaker 1: lined up again like we were talking earlier, with that
• 5:28
  Speaker 1: perfect storm of potential conditions that could really take bitcoin
• 5:31
  Speaker 1: and many of digital assets, of the digital assets out
• 5:35
  Speaker 1: there to a whole new spot, especially for the risk
• 5:40
  Speaker 1: you know interested out there in the markets as a whole.
• 5:43
  Speaker 1: I do want to get into it today, and that
• 5:46
  Speaker 1: is if you guys are not part of our Diamond circle,
• 5:48
  Speaker 1: make sure and jump in on that which, by the way,
• 5:49
  Speaker 1: if you've not subscribed to the show, make sure and
• 5:52
  Speaker 1: take out some time right now, hit that little subscribe button.
• 5:56
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• 5:58
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• 6:01
  Speaker 1: we are alive. So do all that and like the
• 6:04
  Speaker 1: video because it will help others find a little bit
• 6:06
  Speaker 1: more about what's going on, and not only crypto market,
• 6:08
  Speaker 1: but in blockchain in general. If you're not part of
• 6:10
  Speaker 1: our Diamond circle, get in. It's a great place to
• 6:12
  Speaker 1: get additional content. All you have to do is click
• 6:14
  Speaker 1: the link down below to join. All right, I want
• 6:16
  Speaker 1: to go on into a couple of other things that
• 6:18
  Speaker 1: are happening. This is where it gets a little bit
• 6:20
  Speaker 1: interesting from a political standpoint. And here, of course, as
• 6:24
  Speaker 1: a bankless guys kind of hitting in at Matthew Foldy's
• 6:26
  Speaker 1: talking about your reporting that Kamala Harris is likely to
• 6:30
  Speaker 1: nominate Gary Gensler as a Treasury secretary if she wins,
• 6:34
  Speaker 1: How reliable are your sources? Because if that's true, if
• 6:37
  Speaker 1: we saw the Dems take the White House, this would
• 6:40
  Speaker 1: end crypto in the US, and we might as well,
• 6:42
  Speaker 1: in their case, flee the country. I don't necessarily think
• 6:45
  Speaker 1: it's quite that bad, but it's not a good position
• 6:48
  Speaker 1: to be in. And again, all this is still speculation
• 6:51
  Speaker 1: because we haven't really seen real clear policy outside of
• 6:55
  Speaker 1: the list that we saw from the DNC this week
• 6:58
  Speaker 1: going forward, so maybe we'll see more clarity from these
• 7:02
  Speaker 1: candidates as they get into some debates. Other things that
• 7:06
  Speaker 1: are playing into this twenty twenty four election could see
• 7:08
  Speaker 1: major impact from pro crypto. These are young voters. This
• 7:12
  Speaker 1: is something that we talk about often, and that is
• 7:14
  Speaker 1: there is a lot of gen Z and millennials today
• 7:17
  Speaker 1: which count account for forty percent of the vote forty percent,
• 7:22
  Speaker 1: and this may be the year that they finally come
• 7:24
  Speaker 1: out with twenty five percent of voters between eighteen and
• 7:27
  Speaker 1: thirty four owning crypto and then compared to just fourteen
• 7:31
  Speaker 1: percent of older Americans. The other thing is I think
• 7:33
  Speaker 1: this is under reported in terms of the twenty five percent.
• 7:36
  Speaker 1: I think this is much deeper in terms of what
• 7:39
  Speaker 1: we will see coming out on pro crypto voters. Remarkably,
• 7:42
  Speaker 1: these young crypto users are politically divided almost evenly, around
• 7:46
  Speaker 1: forty one percent identifi as Deems, thirty nine in Republican
• 7:49
  Speaker 1: and remaining considered the m's independence. That I think plays
• 7:53
  Speaker 1: out because they are single policy voters, and if it
• 7:56
  Speaker 1: comes down to it, I think crypto will win that
• 7:59
  Speaker 1: vote and it may be enough to sway the US
• 8:04
  Speaker 1: presidential election this year. That's a pretty bold statement to
• 8:08
  Speaker 1: hit on. If you look at the current tracker, this
• 8:11
  Speaker 1: is our political tracker sentiment. Again, Trump kind of holding steady,
• 8:15
  Speaker 1: not blowing up a lot in terms of overall. He's
• 8:18
  Speaker 1: still holding above seventy three. But if you look at
• 8:20
  Speaker 1: the Harris campaign really has been falling off since her
• 8:24
  Speaker 1: policies and or lack of taking debates and giving input
• 8:28
  Speaker 1: to the crypto community at all, and it has now
• 8:32
  Speaker 1: fallen to quite a low, which is thirty four h six.
• 8:35
  Speaker 1: And of course Kennedy is almost outside the map right now,
• 8:38
  Speaker 1: most likely will be a non issue on this campaign, unfortunately,
• 8:43
  Speaker 1: because he was very pro crypto candidate. Donald Trump says
• 8:48
  Speaker 1: he'll also offer Musk a cabinet position if he's elected.
• 8:52
  Speaker 1: This would be interesting because, as we all know, Elon
• 8:56
  Speaker 1: operates kind of on the first principles model. He is
• 9:00
  Speaker 1: known for really getting down to the bare bones in
• 9:03
  Speaker 1: terms of operating businesses, and I think and also getting
• 9:06
  Speaker 1: great results in most cases. So if you were to
• 9:09
  Speaker 1: get in and do something in the US, that would
• 9:12
  Speaker 1: be pretty cool. Even though I love that AI Department
• 9:15
  Speaker 1: of Government efficiency do, I'm willing to serve. I love
• 9:20
  Speaker 1: this is too good, too good. Anyway, I want to
• 9:22
  Speaker 1: go to a clip real quick. This is a little
• 9:24
  Speaker 1: bit more on Vance Spencer because he's talking a little
• 9:26
  Speaker 1: bit more about regulation and the clarity needed. Take a look.
• 9:30
  Speaker 4: I mean, crypto has only ever existed in a hostile
• 9:33
  Speaker 4: regulatory environment. Basically from the jump, they've been trying to
• 9:36
  Speaker 4: stop Crypto and I honestly have lost count of how
• 9:39
  Speaker 4: many cases there are who they're being fought by or
• 9:42
  Speaker 4: for it, But it doesn't really matter. I think what's
• 9:44
  Speaker 4: coming down the pike is legislative clarity, things like the
• 9:46
  Speaker 4: Stable Point Act, things like FIT twenty one, And if
• 9:50
  Speaker 4: we get even one of those done, it provides a
• 9:52
  Speaker 4: legal pathway for DeFi to exist, and it kind of
• 9:55
  Speaker 4: you know, does away. With all the court cases and
• 9:57
  Speaker 4: even things like the Chevron doctrine being repealed, you know,
• 10:00
  Speaker 4: that's going to make it a lot tougher for the
• 10:02
  Speaker 4: SEC and other regulatory bodies to really go after these
• 10:04
  Speaker 4: DeFi protocols. But you know, if there's fraud, if there's scams,
• 10:08
  Speaker 4: if there's people doing bad things, we want those taken
• 10:10
  Speaker 4: care of. We just want a pathway for innovation.
• 10:12
  Speaker 5: Peter Chuck Schumer, and he said that he was confident
• 10:14
  Speaker 5: that we could get one of these bills passed into law,
• 10:16
  Speaker 5: and now he didn't specify which one, but to have
• 10:20
  Speaker 5: the Democratic lead kind of throwing his weight behind that.
• 10:23
  Speaker 5: Certainly a lot of people enthusiastic that we might see
• 10:25
  Speaker 5: some clarity finally from Capitol Hill.
• 10:28
  Speaker 4: It's great that it's bipartisan. Little scant on details from
• 10:31
  Speaker 4: from Chuck from Senator Schumer, but I think, you know,
• 10:34
  Speaker 4: people are coming around with the idea that crypto is
• 10:36
  Speaker 4: not dying. The government has tried to kill it at
• 10:39
  Speaker 4: various points. It didn't work. You know, FTX happened, still
• 10:41
  Speaker 4: didn't die. If it hasn't gone away by now, it's
• 10:44
  Speaker 4: probably not going away in general, and it's time for
• 10:46
  Speaker 4: legislative clarity.
• 10:49
  Speaker 1: Well, I think the key there again is still and
• 10:51
  Speaker 1: he mentioned it that, you know, Schumer's position was still
• 10:54
  Speaker 1: very top coded, very glossy. We don't really have any
• 10:57
  Speaker 1: details from the Democrats. We've already seen what the Biden
• 11:00
  Speaker 1: administration is capable of when it comes to crypto, and
• 11:03
  Speaker 1: he is right, it's been a very hostile environment. Could
• 11:07
  Speaker 1: that really change? I believe that we are in for
• 11:11
  Speaker 1: a big challenge if we continue to see the current
• 11:14
  Speaker 1: administration hold the position, at least based on what we're
• 11:17
  Speaker 1: hearing so far, that could change, of course, with just
• 11:20
  Speaker 1: clear policy and clear action. That's all it would take.
• 11:24
  Speaker 1: And I think that's what American voters are really asking
• 11:26
  Speaker 1: for when you really bail it down. Ethereum exchange balance
• 11:31
  Speaker 1: is now hitting record low. The signaling a potential price
• 11:34
  Speaker 1: explosion on eth ETH has been a little bit slow,
• 11:36
  Speaker 1: but it has started to move here recently as price
• 11:40
  Speaker 1: is falling approximately twenty three percent over the past month.
• 11:43
  Speaker 1: Situation reach a low point around August fifth. Eth the
• 11:46
  Speaker 1: course dropped down on under twenty two. We've seen some
• 11:49
  Speaker 1: pretty interesting opportunities. I wonder if you guys had a
• 11:52
  Speaker 1: chance to get that. Let me know in the comments
• 11:54
  Speaker 1: down below, are you buying Ethereum at these rates right
• 11:57
  Speaker 1: now when you look at where ETH is, is this
• 11:59
  Speaker 1: still some thing that you're very bullish on or are
• 12:02
  Speaker 1: you shifting your opinion around other projects like Avalanche or
• 12:06
  Speaker 1: Solana or others out there that are kind of competing.
• 12:09
  Speaker 1: The Ethereum's exchange balance reached a historic low, falling ten
• 12:13
  Speaker 1: percent blow for the first time ever, surpassing Bitcoin and
• 12:16
  Speaker 1: exchanges hole around eighteen point seventy eight million Eth approximately
• 12:19
  Speaker 1: fifty bill so down twenty one million Eth on the
• 12:23
  Speaker 1: same day last year. So pretty interesting. I think people
• 12:27
  Speaker 1: are buckling in for a big run on it. So
• 12:29
  Speaker 1: sharp decline and eth held on exchanges could signal maybe
• 12:33
  Speaker 1: a price movement here, and it would be I think
• 12:36
  Speaker 1: a little bit overdue. I still feel that eth is
• 12:39
  Speaker 1: well under price. I feel like ETH, based on where
• 12:41
  Speaker 1: Bitcoin is right now, should be in the low three
• 12:45
  Speaker 1: thousand marks, but we have not been able to really
• 12:47
  Speaker 1: crack that number much this year. I want to go
• 12:49
  Speaker 1: to another clip. This is Van Spencer going a little
• 12:52
  Speaker 1: deeper on where the vcs are putting their money.
• 12:55
  Speaker 5: Take a look, but with respect to the Bitcoin ecosystem
• 12:58
  Speaker 5: in particular. I feel like earlier this year there was
• 13:00
  Speaker 5: all this excitement around L two projects that we're building,
• 13:04
  Speaker 5: a lot of unprecedented deal activity happening specifically within bitcoin.
• 13:08
  Speaker 5: I'm talking to other vcs about this. Has that momentum
• 13:12
  Speaker 5: maintained itself or have you seen is there less excitement
• 13:16
  Speaker 5: specifically in bitcoin?
• 13:17
  Speaker 4: I thin think momentum is sustaining. All these projects have
• 13:19
  Speaker 4: yet to really launch, and so we'll kind of we're
• 13:21
  Speaker 4: kind of in like a wait and see type scenario
• 13:23
  Speaker 4: for the next six months. But I think these projects
• 13:26
  Speaker 4: are going to ride the wave of enthusiasm and flows
• 13:28
  Speaker 4: from tradfy into both Bitcoin and ethan. Every cycle, people
• 13:32
  Speaker 4: say that Bitcoin is the thing we're going to do
• 13:34
  Speaker 4: this cycle, and nobody's going to go on any other
• 13:35
  Speaker 4: chains and we'll stay there forever. I just don't see
• 13:38
  Speaker 4: that being the case. The world is multi chain, Ethereum
• 13:41
  Speaker 4: has a dominant L two ecosystem, and so we see
• 13:43
  Speaker 4: more excitement on the east side than Bitcoin. But you know,
• 13:46
  Speaker 4: those are kind of the two main horses for this cycle.
• 13:49
  Speaker 1: Totally agree with that. I will say this though, that
• 13:51
  Speaker 1: when you look at the big money and where they're
• 13:56
  Speaker 1: really sliding into it, still has been pushing a little
• 13:59
  Speaker 1: bit into the coin ETFs, and I'm talking about people
• 14:01
  Speaker 1: who have never been invested in crypto. That's going to
• 14:03
  Speaker 1: be a big part of people who are going to
• 14:06
  Speaker 1: be coming into the market. So we're still going to
• 14:08
  Speaker 1: see that. Could we see the more advanced investor go
• 14:11
  Speaker 1: the e throughout, Yeah, I totally think it could. But
• 14:14
  Speaker 1: I think it's going to be more of people that
• 14:16
  Speaker 1: are drinking the kool aid, people that are already understanding
• 14:18
  Speaker 1: the eth ecosystem. I think that's where the growth is
• 14:20
  Speaker 1: going to come from. And do we see a lot
• 14:23
  Speaker 1: of startups and possible more VC investment into the space. Yes,
• 14:27
  Speaker 1: I think he is definitely dead on with that. TRADFI
• 14:30
  Speaker 1: giant State Street now initiating crypto custom tokenization services for
• 14:35
  Speaker 1: intitional investors.
• 14:36
  Speaker 4: So this is just.
• 14:36
  Speaker 1: Further into the point that we are not going to
• 14:39
  Speaker 1: see this going away because Wall Street has showed up
• 14:42
  Speaker 1: and right now we're looking at an asset manager where
• 14:44
  Speaker 1: four trillion in assets now announcing it's partner with trus
• 14:48
  Speaker 1: and this is a strategic collaboration that will automate the
• 14:52
  Speaker 1: issuance of serving servicing digital assets, including tokenized securities and
• 14:57
  Speaker 1: funge management vehicles. Remember, Blackrock has already got this moving
• 15:01
  Speaker 1: with their partnership with securitized which we've had on the
• 15:03
  Speaker 1: show before and Biddle. So if you guys have not
• 15:07
  Speaker 1: watched that, go back and watch some of our videos
• 15:09
  Speaker 1: on Biddle and Securitize. This will give you a much
• 15:12
  Speaker 1: better understanding of what these fund managers are trying to
• 15:15
  Speaker 1: do around token is securities. All right, here's Bitcoin ETF
• 15:18
  Speaker 1: trading volume hitting its lows, a mid market uncertainty, and
• 15:21
  Speaker 1: you've got to remember a couple of things that are
• 15:22
  Speaker 1: happening here. This, of course, is trading volume plummeting to
• 15:25
  Speaker 1: seven earn seventy nine million, significant drop. Again, this was
• 15:29
  Speaker 1: on August sixth, and the downturn diminished market enthusiasm followed
• 15:34
  Speaker 1: recent sell offs, and again this gets back into these
• 15:36
  Speaker 1: seasonal factors. And some of this is again back to
• 15:39
  Speaker 1: the hedge funds that don't do a lot of activity
• 15:42
  Speaker 1: within the summer months, and in many cases they're placing
• 15:45
  Speaker 1: a lot of these bats out you know, ninety days
• 15:47
  Speaker 1: in events, and they're also looking at strategies that are
• 15:51
  Speaker 1: you know, toward the end of the month so or
• 15:52
  Speaker 1: end of the year, so that is one of the things.
• 15:54
  Speaker 1: You see these lags in the summer months, and then
• 15:56
  Speaker 1: you get retail that kind of follow us along with
• 15:58
  Speaker 1: that actually around some of things like summer vacation, schools, etc.
• 16:03
  Speaker 1: And just people not necessarily active at least here in
• 16:05
  Speaker 1: the US. Once you move outside the US, it is
• 16:08
  Speaker 1: a twenty four to seven market, so maybe that is
• 16:11
  Speaker 1: going to start to have a little bit more push
• 16:12
  Speaker 1: on it. Van K of course, is defying the SEC.
• 16:15
  Speaker 1: This is all based on their Salana ETF. They are
• 16:18
  Speaker 1: pushing ahead despite some roadblocks coming in a couple of points.
• 16:21
  Speaker 1: That was Matthew Siegel that we showed earlier in a
• 16:24
  Speaker 1: clip who is leading this topic, and he even talked
• 16:27
  Speaker 1: about it in his tweet right there. But venex announcement
• 16:30
  Speaker 1: on Salon's value increasing significantly, reflecting growth and interest on
• 16:34
  Speaker 1: Solana as a viable investment option. But he stated in
• 16:37
  Speaker 1: this tweet right here, some have noticed that the nineteen
• 16:39
  Speaker 1: four or nineteen be four for van x Slana has
• 16:42
  Speaker 1: been removed from the CBOE website. Remember that exchanges like
• 16:46
  Speaker 1: Nasdaq CBOE file rule changes and list new ETF issuers.
• 16:52
  Speaker 1: All that's been in play. They're saying that, don't panic.
• 16:55
  Speaker 1: We're still pushing forward on all of this, so we'll
• 16:58
  Speaker 1: see if Solana continues to hold the position. It has
• 17:01
  Speaker 1: not been you know, when we look at it, because
• 17:03
  Speaker 1: we track sentiment on Salona as ETF and it has
• 17:06
  Speaker 1: not been anything that has been skyrocketing. But at the
• 17:08
  Speaker 1: same time, we have not seen a big fall off
• 17:10
  Speaker 1: on it, so there's still is interest and I think
• 17:12
  Speaker 1: that's the key. This could come out of nowhere, much
• 17:15
  Speaker 1: like the ethereum ETF came out of nowhere and we
• 17:17
  Speaker 1: just got an ETHATF and it started moving. If you're
• 17:21
  Speaker 1: not following me on X mixture and do that, it's
• 17:23
  Speaker 1: just at Paul Baron. We'll catch you next time right
• 17:25
  Speaker 1: here on tech Path