Latest / The Paul Barron Crypto Show / Ethereum $4,000 Incoming?🚨Crypto Market Update

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Ethereum $4,000 Incoming?🚨Crypto Market Update · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Barron. Welcome back in the tech path.
• 0:08
  Speaker 1: Let's get into it today. I do want to thank
• 0:10
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• 0:54
  Speaker 1: get into a couple of points here. I want to
• 0:56
  Speaker 1: hit on the US government now has moved almost one
• 0:59
  Speaker 1: point nine billion worth of bitcoin over to a new address.
• 1:03
  Speaker 1: Don't know what that means, but there's some movement. Does
• 1:06
  Speaker 1: that mean that the Biden administration wants to sell before
• 1:09
  Speaker 1: the Trump administration takes over? They just move it over
• 1:12
  Speaker 1: here just for you know, some housekeepsing keeping alignment security.
• 1:16
  Speaker 1: Who knows, but just something to be aware of. Another thing.
• 1:19
  Speaker 1: Total cryptocurrency market cap increased by one trillion in the
• 1:24
  Speaker 1: month of November. One trillion in the month of November.
• 1:28
  Speaker 1: Absolutely on fire. Remember the beginning of November, we thought
• 1:31
  Speaker 1: we were going to have a very bad month. There
• 1:33
  Speaker 1: was a lot of situations where Bitcoin was struggling, and
• 1:36
  Speaker 1: then all of a sudden, all these tokens, including Salona,
• 1:39
  Speaker 1: Avalanche XRP, all started getting life in them and boom
• 1:43
  Speaker 1: off we were to the races. Bitcoin. Of course, price
• 1:47
  Speaker 1: dropped as profit taking is now a significant cell wall.
• 1:51
  Speaker 1: Many people looking at this and saying, is it over
• 1:53
  Speaker 1: for bitcoin? And I'll show you some things here in
• 1:55
  Speaker 1: a second. One thing is around one hundred thousand dollars
• 1:58
  Speaker 1: mark one of the points that they hit on in
• 1:59
  Speaker 1: the art destruct. Despite strong market catalysts and growing investor confidence,
• 2:04
  Speaker 1: bitcoin continues to struggle with one hundred thousand dollars psychological
• 2:08
  Speaker 1: bearer barrier. And remember this was a psychological barrier all
• 2:11
  Speaker 1: the way back into the twenty twenty one cycle. If
• 2:14
  Speaker 1: you guys weren't around in that many people thought when
• 2:17
  Speaker 1: it was running into the seventies that the one hundred
• 2:20
  Speaker 1: k was within reach. And I think that's the difference
• 2:24
  Speaker 1: that we're playing out right now. But there is some
• 2:26
  Speaker 1: profit taking that has started to occur in that likelihood
• 2:30
  Speaker 1: of a twenty five basis point cut. This will come
• 2:33
  Speaker 1: on December eighteenth with the Fed. That could help a
• 2:36
  Speaker 1: little bit. But also anticipation over the declaration of the
• 2:39
  Speaker 1: Fed's rate cut cycle supports the dollar's recent upward trajectory,
• 2:43
  Speaker 1: and I think we're going to continue to see more
• 2:44
  Speaker 1: pressure on that. Remember Trump is now putting some pressure
• 2:47
  Speaker 1: on the bricks nations to stay with the dollar as
• 2:51
  Speaker 1: the reserve currency. This could get interesting, especially around tariff.
• 2:54
  Speaker 1: So all of this playing into even the risk markets
• 2:58
  Speaker 1: going forward. I want to go to a slip real quick,
• 3:00
  Speaker 1: because Tom Lee is still very bullish on where bitcoin
• 3:04
  Speaker 1: could be by year end. Take a look the S
• 3:07
  Speaker 1: and P to continue to rally in December and maybe
• 3:10
  Speaker 1: to sixty three hundred by year in What are the
• 3:13
  Speaker 1: four reasons?
• 3:14
  Speaker 2: Well, one is seasonality. December historically is a strong month.
• 3:19
  Speaker 2: But when you're up more than ten percent in the
• 3:21
  Speaker 2: first half and it's an election year, December has been
• 3:24
  Speaker 2: up one hundred percent of the time.
• 3:26
  Speaker 3: We always get a bitcoin comment from you before we
• 3:30
  Speaker 3: let you go.
• 3:30
  Speaker 2: Normally it got stuck under one hundred.
• 3:34
  Speaker 1: That's a pretty it's a psychological level, I would imagine.
• 3:38
  Speaker 2: Yeah, I think some of this could be there's a
• 3:42
  Speaker 2: lot of folks who don't want bitcoin over one hundred thousand,
• 3:45
  Speaker 2: and some of it maybe the exchanges themselves are concerned
• 3:49
  Speaker 2: because there is a pretty low supply of bitcoin available
• 3:53
  Speaker 2: over the counter, so you have a supply shortage, and
• 3:56
  Speaker 2: if bitcoin makes a move above one hundred thousand, I
• 3:58
  Speaker 2: think there'd be a big chase. I'm still confident bitcoin's
• 4:02
  Speaker 2: going to close much higher before you're in, before you're in,
• 4:05
  Speaker 2: before year end.
• 4:05
  Speaker 3: Yeah, so break one hundred thousand dollars before the end
• 4:07
  Speaker 3: the day.
• 4:08
  Speaker 2: Yeah, well above one hundred thousand before your end.
• 4:10
  Speaker 1: So that was an interesting analysis I think from Tom
• 4:12
  Speaker 1: Lee in the reference of being over one hundred k
• 4:14
  Speaker 1: and the availability of supply that could be a real
• 4:17
  Speaker 1: scenario that could play out that would really cause some
• 4:20
  Speaker 1: pressure I think on the exchanges. And he is right now.
• 4:23
  Speaker 1: One of the things though, is Polymarket, Are they right?
• 4:26
  Speaker 1: Polymarket is still looking at this on a sixty nine
• 4:29
  Speaker 1: percent chance as of time recording right now of bitcoin
• 4:32
  Speaker 1: hitting one hundred k this year in twenty twenty four.
• 4:36
  Speaker 1: Let me know what you guys think. Do you think
• 4:37
  Speaker 1: bitcoin hits the one hundred k mark before December thirty
• 4:40
  Speaker 1: first drop some comments down below. We always love to
• 4:43
  Speaker 1: get your feedback because it is one of the things
• 4:44
  Speaker 1: that does help the show. And for those of you
• 4:47
  Speaker 1: who are brand new to this show, first of all,
• 4:50
  Speaker 1: welcome in. Hit the subscribe button right now. Just do that,
• 4:54
  Speaker 1: and that way you're ahead of the game. You'll be
• 4:56
  Speaker 1: able to catch a lot of these all coins before
• 4:58
  Speaker 1: they start moving. We do a ton of analysis here,
• 5:01
  Speaker 1: really get you guys out on the edge, and of
• 5:03
  Speaker 1: course this is no different on our topic today. One thing,
• 5:06
  Speaker 1: and we'll talk about some of the tokens that have
• 5:08
  Speaker 1: been moving in the ecosystem, So stick around for that.
• 5:10
  Speaker 1: Well off with some charts at the end of the episode.
• 5:13
  Speaker 1: One thing that is happening right now of course micro
• 5:16
  Speaker 1: strategy still buying more bitcoin seems like it's old news
• 5:19
  Speaker 1: every time that Michael Saylor pretty much puts out another
• 5:22
  Speaker 1: billion dollars, in this case a billion and a half,
• 5:25
  Speaker 1: buying another fifteen thousand. Before long, this is going to
• 5:29
  Speaker 1: be the number one bitcoin holder worldwide. Now, whether you
• 5:34
  Speaker 1: like centralization, you don't like it. One controlling interest gets
• 5:38
  Speaker 1: very interesting in a market with what we're dealing with,
• 5:42
  Speaker 1: like in bitcoin. So just something to be given some
• 5:45
  Speaker 1: consideration to other points I want to hit on is
• 5:48
  Speaker 1: the exchange hell Bitcoin continues to hold supply reaches its
• 5:51
  Speaker 1: lowest level in five years. What does this mean? Very simple,
• 5:54
  Speaker 1: people are not selling, they're pulling it off of exchanges,
• 5:57
  Speaker 1: they're cold storreting, and they're looking here there at long term.
• 6:00
  Speaker 1: They're looking for twenty twenty five as being the cycle
• 6:03
  Speaker 1: of bitcoin going over the one hundred k mark and
• 6:06
  Speaker 1: possibly going into some pretty astronomical numbers which many people
• 6:09
  Speaker 1: are still believing could take place. Now, where does that
• 6:13
  Speaker 1: leave with ethereum Because ethereum is one of the key factors,
• 6:16
  Speaker 1: and I think when you look at ethereum, you have
• 6:18
  Speaker 1: to look at the rest of the market. And here's
• 6:21
  Speaker 1: a good example, fifty six percent of Americans still think
• 6:24
  Speaker 1: stocks are going to be higher over the next twelve months,
• 6:26
  Speaker 1: so that's a very bullish statement. Additionally, right now between
• 6:30
  Speaker 1: consumers expected hire versus lower stocks over the next it
• 6:34
  Speaker 1: also had already jumped another thirty five percent in November,
• 6:37
  Speaker 1: so it continues to outperform. And this also comes as
• 6:41
  Speaker 1: the S and P could post its first thirty percent
• 6:44
  Speaker 1: plus annual gain since nineteen ninety seven. So all of
• 6:49
  Speaker 1: this very very bullish. So what does that usually mean
• 6:53
  Speaker 1: when you have these bullish markets. It usually means that
• 6:55
  Speaker 1: you're going to start seeing some of these tokens like
• 6:58
  Speaker 1: ethereum starting to make their move. And one of the
• 7:00
  Speaker 1: things that has to happen for that to occur is
• 7:03
  Speaker 1: bitcoin dominance. And of course that right there is the
• 7:05
  Speaker 1: bitcoin dominance chart as you can see, coming off that
• 7:08
  Speaker 1: high right there around sixty one percent now dipping down
• 7:12
  Speaker 1: if you look at that wick to fifty five point
• 7:14
  Speaker 1: eight percent negative sentiment right now on this Now, what
• 7:18
  Speaker 1: is dominance? It just simply means that how it performs
• 7:20
  Speaker 1: versus other tokens, but also in general, where is the
• 7:24
  Speaker 1: momentum going in the market and the momentum could be
• 7:27
  Speaker 1: easing over to a handful of other tokens. We've talked
• 7:30
  Speaker 1: about XRP, We just dropped a video on that. Check
• 7:33
  Speaker 1: it out if you have not and ethereum. That's a
• 7:36
  Speaker 1: big question mark right now. The other thing is just
• 7:38
  Speaker 1: the all coins themselves. So the season has always been
• 7:42
  Speaker 1: in question as to whether or not it's actually in play.
• 7:45
  Speaker 1: Well right now it is at the very precipice of
• 7:49
  Speaker 1: beginning an all coin season, so we may be in
• 7:52
  Speaker 1: the very early stages. So if you're brand new to crypto,
• 7:55
  Speaker 1: this might be the perfect timing to get in on
• 7:59
  Speaker 1: a lot of these projects. So we're going to be
• 8:01
  Speaker 1: watching all that. So we'll continue to watch you and
• 8:03
  Speaker 1: kind of see just some of the performers over the
• 8:05
  Speaker 1: last thirty days ninety days. Right there, of course is
• 8:08
  Speaker 1: in the meme token Peanut, but number two hbar holding
• 8:12
  Speaker 1: out right now a most five hundred percent, XLM, XRP,
• 8:15
  Speaker 1: algorand do sui om eight to many of these. Interestingly enough,
• 8:22
  Speaker 1: let me kind of zoom in on those for you guys.
• 8:24
  Speaker 1: Many of these, if you'll notice, are all American tokens.
• 8:29
  Speaker 1: So that is a narrative that has been thrown out
• 8:32
  Speaker 1: there that there may be some benefits to holding those
• 8:35
  Speaker 1: kind of tokens, especially under the Trump administration. That'll be
• 8:39
  Speaker 1: interesting to see how crypto is responding to that kind
• 8:44
  Speaker 1: of scenario. Other things that are happening right now, and
• 8:46
  Speaker 1: that is spot ETF on Ethereum continues to rotate and
• 8:51
  Speaker 1: we're starting to see another daily inflow high. If you
• 8:55
  Speaker 1: look at the chart here, this is surpassing the previous
• 8:58
  Speaker 1: daily inflow record. The asset managers now are responsible for
• 9:01
  Speaker 1: almost two hundred and fifty million of the total inflows
• 9:04
  Speaker 1: on the twenty nineteen kind of see the numbers right
• 9:06
  Speaker 1: there starting to explode. So again, Blackrock is continuing to
• 9:11
  Speaker 1: push this, and I still believe that in general, Blackrock
• 9:15
  Speaker 1: is going to be the one that leads Ethereum over
• 9:17
  Speaker 1: the four K mark overall other points. This, of course
• 9:21
  Speaker 1: is the bankless guys are talking about the Ethereum ETF
• 9:23
  Speaker 1: daily inflows, same thing that we were just hitting on.
• 9:26
  Speaker 1: But the other point he hits at is that Tradfi
• 9:28
  Speaker 1: woke up and realize eth is under four k. So
• 9:31
  Speaker 1: it's still a bye. I don't know if I would
• 9:33
  Speaker 1: call it a bye, but it's definitely an interesting token
• 9:36
  Speaker 1: when you look at where the market is right now,
• 9:39
  Speaker 1: the current situation with bitcoin and its dominance, and then
• 9:43
  Speaker 1: the opportunity from a bullish nature of the overall macro scenario,
• 9:48
  Speaker 1: Eth is in a good position finally to maybe start
• 9:51
  Speaker 1: moving again. Other things that are happening right here. Bitcoin
• 9:54
  Speaker 1: Ethereum dominated November return, so that's another good sign that
• 9:57
  Speaker 1: bitcoin and eth are still in a position and to
• 10:00
  Speaker 1: outperform stocks, which is another factor that gets into these
• 10:03
  Speaker 1: risk markets. What's the hottest performance in these next few months.
• 10:07
  Speaker 1: Other things I want to hit on right here that
• 10:09
  Speaker 1: might be interesting for not only Eth, but just in
• 10:11
  Speaker 1: crypto in general. Coinbase now has a fiat to crypto
• 10:15
  Speaker 1: on ramp that's integrated Apple Pay. Perfect timing, I think
• 10:19
  Speaker 1: it is because now you're dealing with a lot more
• 10:21
  Speaker 1: people coming in from retail. This most likely will be
• 10:24
  Speaker 1: one of the ways that they onboard into an ecosystem.
• 10:28
  Speaker 1: There's only a handful of tokens that are probably going
• 10:30
  Speaker 1: to be coming up to the top of the opportunity
• 10:32
  Speaker 1: to list there in Ethereum is going to be one
• 10:34
  Speaker 1: of them, all right, So I want to cut to
• 10:36
  Speaker 1: a clip real quick. This is justin Drake. He's a
• 10:39
  Speaker 1: researcher over at the eth Foundation, and it's a good
• 10:42
  Speaker 1: analysis of how to look at some of these investments.
• 10:45
  Speaker 1: Take a look.
• 10:47
  Speaker 3: The only way to win the money game is to
• 10:50
  Speaker 3: also win the utility game. And the only way to
• 10:53
  Speaker 3: win the utility game is to also win the money game.
• 10:57
  Speaker 3: These two things are fundamentally intertwined. People who are really
• 11:01
  Speaker 3: serious about software should make their own hardware. Right, And
• 11:05
  Speaker 3: this is you know, an explanation in my mind as
• 11:07
  Speaker 3: to why Apple is so successful. Right, It is because
• 11:10
  Speaker 3: they are able to make use of the synergies of
• 11:14
  Speaker 3: simultaneously optimizing for software and the hardware, and that what
• 11:18
  Speaker 3: makes them special. And I think Ethereum has an amazing
• 11:23
  Speaker 3: opportunity in front of itself. And the reason is that
• 11:27
  Speaker 3: Bitcoin is not even trying to compete with utility, and
• 11:32
  Speaker 3: Solana is not even trying to compete for money. Right,
• 11:36
  Speaker 3: Ethereum is the only system out there that has the guts,
• 11:40
  Speaker 3: the ambition division to compete for both money and utility.
• 11:46
  Speaker 3: And it turns out that there are these synergies and
• 11:49
  Speaker 3: network effects that may be worth flashing out.
• 11:52
  Speaker 1: All right, So again, granted talking the book, but the
• 11:56
  Speaker 1: point is is that that he is exactly right, is
• 11:59
  Speaker 1: that it is in a very unique position. And if
• 12:02
  Speaker 1: you look at the ecosystem in general, and what else
• 12:04
  Speaker 1: would be running with ethereum as it starts to maybe
• 12:08
  Speaker 1: get close to that four K mark, well, UNISWAP is
• 12:11
  Speaker 1: one bulls are setting their sites right now in about
• 12:13
  Speaker 1: a seventeen dollars resistance as the uptrend extends. Many people
• 12:17
  Speaker 1: have been looking at uniswap. There's many others out there.
• 12:20
  Speaker 1: I mean you kind of look at the chart it
• 12:22
  Speaker 1: along with others that have started to move. Curve is
• 12:25
  Speaker 1: another one that moved a course in the news with
• 12:28
  Speaker 1: the Blackrock News of course, and that is giving some
• 12:31
  Speaker 1: bridge to the DeFi ecosystem. And if you don't know
• 12:34
  Speaker 1: what Curve is, go to some research because it's one
• 12:37
  Speaker 1: of the unique platforms out there, especially in defied decentralized finance.
• 12:41
  Speaker 1: That makes you kind of take a double look. And
• 12:44
  Speaker 1: the interesting point, I was looking at the chart on
• 12:47
  Speaker 1: Curve and I'll jump to that real quick, and I'll
• 12:49
  Speaker 1: go down to the Curve chart. So this is on
• 12:51
  Speaker 1: the daily it's running around seventy six cents right now.
• 12:54
  Speaker 1: But just look where this token has come from over time,
• 12:58
  Speaker 1: So it's one of those that has around for quite
• 13:00
  Speaker 1: some time in the DeFi ecosystem. You go to see
• 13:03
  Speaker 1: right there is way early or is it just starting
• 13:08
  Speaker 1: to trail along with the eth ecosystem. A lot of
• 13:10
  Speaker 1: these tokens right now highly highly speculative, So just be
• 13:15
  Speaker 1: cautious as you're looking at some of the eth ecosystem
• 13:17
  Speaker 1: out there. Understand what you're getting into and take a
• 13:21
  Speaker 1: look at some of them. All right. If you guys
• 13:22
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• 13:25
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• 13:28
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• 13:35
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• 13:38
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• 13:42
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• 13:45
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• 13:48
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• 13:50
  Speaker 1: two rings away tomorrow on one of the shows, So
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• 14:00
  Speaker 1: of course, get more giveaways just like this. We're doing
• 14:02
  Speaker 1: a lot of stuff through the month of December, so
• 14:05
  Speaker 1: check it all out. Make sure and follow me on AX.
• 14:07
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• 14:09
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