Latest / The Paul Barron Crypto Show / Saylor Finally Buys Bitcoin Again!🚨Crypto Rally Continues?

Transcript

Saylor Finally Buys Bitcoin Again!🚨Crypto Rally Continues? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Saylor is back and crypto investors are now maybe in
• 0:03
  Speaker 1: the disbelief stage.
• 0:04
  Speaker 2: Today, we'll break it down for you.
• 0:05
  Speaker 1: A lot happening out there in the market and some
• 0:08
  Speaker 1: special things we'll be getting into. But before we do that,
• 0:11
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• 0:13
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• 0:17
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• 0:21
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• 0:24
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• 0:27
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• 0:29
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• 0:32
  Speaker 1: new IRA, you can also do that as well. So
• 0:35
  Speaker 1: just use our link down below. It's going to give
• 0:37
  Speaker 1: you a $ 100 funding reward to get started. And you're
• 0:40
  Speaker 1: going to have to start tax planning soon. And IRAs
• 0:42
  Speaker 1: are one of the diversification things that you should be doing.
• 0:45
  Speaker 1: to set yourself up for success. Let's go over to
• 0:47
  Speaker 1: a couple of points I want to lead off with.
• 0:50
  Speaker 1: And that, of course, is what's happening on the crypto
• 0:52
  Speaker 1: fear and greed. And you've got fear and greed hovering
• 0:55
  Speaker 1: at a 75 right now, which is significantly up. Bitcoin
• 0:59
  Speaker 1: has been holding fairly significantly over the.
• 1:03
  Speaker 2: Last few weeks.
• 1:04
  Speaker 1: And now we're starting to maybe move into a phase
• 1:07
  Speaker 1: where the market may start a shift.
• 1:09
  Speaker 2: Now, there's a few people looking at this.
• 1:11
  Speaker 1: If you look at the market And the history, if
• 1:13
  Speaker 1: you believe these kind of charts in the past, many
• 1:16
  Speaker 1: people think we're right here in this disbelief area where
• 1:20
  Speaker 1: will this rally fail like the other ones? And if
• 1:23
  Speaker 1: we are in that area, there's a lot of upside
• 1:27
  Speaker 1: to this market yet to take place. And I think
• 1:30
  Speaker 1: that's what everybody's looking at right now is how markets
• 1:33
  Speaker 1: will respond in the next few weeks, especially as we
• 1:36
  Speaker 1: lean into what's going to happen in September with clarity.
• 1:39
  Speaker 1: I want to go over here because even the traditional
• 1:42
  Speaker 1: finance guys are repositioning just a little bit.
• 1:45
  Speaker 2: Here's Mike McClung.
• 1:47
  Speaker 3: There's a difference between being bearish, a bear market, and
• 1:52
  Speaker 3: to say sell or to be short a bear market.
• 1:55
  Speaker 3: I was bearish crude oil. around 60, and then something changed.
• 1:58
  Speaker 3: It gave you a chance to sell above 100. Now,
• 2:00
  Speaker 3: there's a big difference between your position and your view
• 2:03
  Speaker 3: and what you're doing. I've been bearish Bitcoin, you know,
• 2:05
  Speaker 3: since too early, late 2024, and you've had some opportunities
• 2:09
  Speaker 3: to sell. This, to me, is a tremendous opportunity to sell. Yeah,
• 2:12
  Speaker 3: 60 was great support. We pointed that out forever. 77,
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  Speaker 3: I still consider myself short to you, Dave, at 78,
• 2:18
  Speaker 3: which is use end of the year kudos to win
• 2:20
  Speaker 3: or lose in that. And to me, that's where you
• 2:23
  Speaker 3: have to define the difference between the trend and the trade.
• 2:28
  Speaker 1: You know, I'm glad he said that, the difference between
• 2:31
  Speaker 1: the trend and the trade, because I think this is
• 2:33
  Speaker 1: where crypto resides and where TradFi falls apart. Every time
• 2:38
  Speaker 1: we see TradFi, whether you're a Kramer lover or hater,
• 2:41
  Speaker 1: whether you're a McGlone lover or a hater. The point is,
• 2:44
  Speaker 1: is that they don't really understand, I think, crypto in general. Now, granted,
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  Speaker 1: there are some significant things you should be looking at
• 2:51
  Speaker 1: that are somewhat fundamental. But for the most part, when
• 2:53
  Speaker 1: you see these markets move, like what they've been doing
• 2:56
  Speaker 1: here recently, a lot of that is sentiment driven. Now,
• 3:00
  Speaker 1: part of that, of course, is also geared toward macro.
• 3:04
  Speaker 1: Here is a clip of Besant talking about Drunken Miller
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  Speaker 1: losing money.
• 3:09
  Speaker 2: Take a look.
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  Speaker 3: How did that go?
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  Speaker 4: It was fine. Look, Stan's a great investor. He changes
• 3:14
  Speaker 4: his mind a lot. And he doesn't like losing money.
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  Speaker 4: I think he lost money the day he sent in
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  Speaker 4: the editorial.
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  Speaker 5: Because the market moved against him. But what, I mean,
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  Speaker 5: ultimately the point was, you know, let the third year
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  Speaker 5: do its thing and be the discipline that the U.S.
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  Speaker 5: government needs when it comes to fiscal policy.
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  Speaker 4: Again, my job is to make sure that the market
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  Speaker 4: is looking at fundamentals and that the market does not
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  Speaker 4: dictate policy. As I said, hedge fund managers like to
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  Speaker 4: speed things up. that the- You were one of them.
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  Speaker 6: Sorry?
• 3:49
  Speaker 5: You were one of them.
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  Speaker 4: I was one of them.
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  Speaker 5: I mean, this was classic what you did, right? Betting
• 3:52
  Speaker 5: against the British pound and the Japanese yen, identifying weakness
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  Speaker 5: and whether it's fiscal policy or monetary credibility.
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  Speaker 4: Yeah, but again, Sarah, I think you're missing the point
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  Speaker 4: that the U.S. is the best performing bond market.
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  Speaker 3: I get it.
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  Speaker 4: So I'm not sure where the weakness.
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  Speaker 1: All right, so you can kind of see Besson gloating
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  Speaker 1: a little bit in terms of how the market turned
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  Speaker 1: against some of the you know, players out there that,
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  Speaker 1: and this is what we've kind of talked about before
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  Speaker 1: is that where TradFi kind of sets in the middle
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  Speaker 1: of this, are they really ready for what could really
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  Speaker 1: happen in crypto?
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  Speaker 2: I think is the question.
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  Speaker 1: If you look at private client cash right now, this
• 4:30
  Speaker 1: level has plunged to just 9%. This is the lowest
• 4:32
  Speaker 1: level in history. A lot of people are missing the
• 4:35
  Speaker 1: market as it is playing out right now. And is
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  Speaker 1: there a transition? Are we seeing a potential rotation of
• 4:40
  Speaker 1: capital starting to move their way into digital assets? Still
• 4:44
  Speaker 1: a lot to be determined as to whether or not
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  Speaker 1: that's going to happen right now or if we start
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  Speaker 1: to see still a bottom coming in.
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  Speaker 2: And let me know what you guys think.
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  Speaker 1: If you think Bitcoin has bottom or crypto in general
• 4:55
  Speaker 1: has bottom, let me know in the comments down below.
• 4:58
  Speaker 1: I'd love to get your feedback on that. Now, Tom
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  Speaker 1: Lee says, no, I think we've got a different angle here.
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  Speaker 1: And here's why he thinks markets could rally.
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  Speaker 2: August, you thought would be very good.
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  Speaker 6: You thought they were going to come home to roost
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  Speaker 6: in September.
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  Speaker 2: And maybe have a 10% pullback.
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  Speaker 7: Yeah, that is what I'm sort of thinking as a
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  Speaker 7: base case, you know, because there's a lot of cross
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  Speaker 7: currents this month, that hike in September, the AI data
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  Speaker 7: center backlash, and there's the seasonality issue, you know, September's
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  Speaker 7: a weak month. But I'm actually now thinking, because of
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  Speaker 7: all this mounting concern, the market might surprise us to
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  Speaker 7: the upsides. And I think maybe September 15th, the Fed
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  Speaker 7: meeting is the pivot point. If the Fed doesn't hike,
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  Speaker 7: which is our base case, I think actually the markets
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  Speaker 7: could rally very strong.
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  Speaker 2: The market never wants to hike, do they?
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  Speaker 7: He wants to signal credibility, but he wants the data
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  Speaker 7: to kind of play out. And if the data, we
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  Speaker 7: have a jobs report Friday and we have a CPI
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  Speaker 7: report earlier in September. I think if both are weaker,
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  Speaker 7: I think... you know, the market's not going to price
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  Speaker 7: a hike.
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  Speaker 1: Jobs are going to have a major effect on what
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  Speaker 1: the Fed is going to do on September 15th. Also
• 6:13
  Speaker 1: remember that the Clarity Act also potentially could get voted
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  Speaker 1: on the September 15th as well.
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  Speaker 2: So that could be a big deal.
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  Speaker 1: Then you look at the hike odds, and this is
• 6:24
  Speaker 1: where it gets interesting because markets now are pricing in
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  Speaker 1: a 54% chance that we get a 25 basis points hike.
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  Speaker 2: In September. That's pretty significant, but it's not necessarily.
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  Speaker 1: A full-on move to the upside in terms of a hike.
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  Speaker 1: I think we're in for a position where he pauses again,
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  Speaker 1: the market will continue to look at this as bullish,
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  Speaker 1: and I think they'll continue to push through. Now, whether
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  Speaker 1: I'm right or I'm wrong, I think the point is
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  Speaker 1: that the market is already starting to price some of
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  Speaker 1: this in. Now, Mark Kudmar, he talks about the Fed
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  Speaker 1: regaining credibility.
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  Speaker 2: Take a look.
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  Speaker 6: And I think he nailed it. You know I think
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  Speaker 6: the FOMC in July was a disaster and he did
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  Speaker 6: a lot of damage to his credibility at that time.
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  Speaker 6: And I think impressively on Friday he went a long
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  Speaker 6: way to repairing his credibility there. He addressed some of
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  Speaker 6: the issues that he really needed to address in that
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  Speaker 6: July FOMC for example. He kind of undermined the Fed's
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  Speaker 6: target about like what the target was and implied that
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  Speaker 6: they're going to reassess it in January. Instead, on Friday,
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  Speaker 6: he addressed that quite explicitly. No, no, they have a
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  Speaker 6: clear measurement. They have a clear target. And they are
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  Speaker 6: focused on that target. And therefore, he did send a
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  Speaker 6: strong message to the markets. And it was a good message.
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  Speaker 6: And I think it's ultimately good for stocks. Even though
• 7:39
  Speaker 6: it's saying higher yields, which has disrupted stocks in the
• 7:42
  Speaker 6: short term, it's higher yields for a good reason. It's
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  Speaker 6: about a restoration of credibility to the Fed. And it's
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  Speaker 6: about higher rates because the economy is hot.
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  Speaker 1: Okay, so this is, in my opinion, a bit of
• 7:54
  Speaker 1: a razor, a wire that he's walking on right now,
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  Speaker 1: and that is trying to deal with the administration and
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  Speaker 1: also trying to deal with Fed credibility. All of this
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  Speaker 1: plays into how the data is going to continue to
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  Speaker 1: present itself. The jobs numbers will be the first step
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  Speaker 1: moving in this direction here on the 1st of September.
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  Speaker 1: We got a couple of weeks before the FOMC meeting,
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  Speaker 1: and of course, that's when we'll start to see how
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  Speaker 1: this plays out. Now, Tom Lee also says maybe this
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  Speaker 1: is the bottom take a.
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  Speaker 7: Look yeah i i think uh it's been a very
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  Speaker 7: shallow crypto winner um but there was a massive amount
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  Speaker 7: of deleveraging like october was a big step down and
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  Speaker 7: then earlier this year twice so i i think very
• 8:37
  Speaker 7: few people own crypto yeah i think it's the first
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  Speaker 7: leg up because this was like a catching people off
• 8:42
  Speaker 7: sides moving crypto yeah um I think institutional investors are
• 8:48
  Speaker 7: buying crypto stocks. That's really evident. Like the volumes have
• 8:52
  Speaker 7: really jumped. And that's a sign that they're betting on
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  Speaker 7: a big fourth quarter. I think 150 is still possible.
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  Speaker 2: Like not that far off.
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  Speaker 3: Yeah.
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  Speaker 7: And I think that's because the S & P also
• 9:06
  Speaker 7: has a lot of upside into year end. You know,
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  Speaker 7: the 8200, I think, is still a low number what
• 9:11
  Speaker 7: the S & P could achieve by the end of
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  Speaker 7: the year.
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  Speaker 2: All right.
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  Speaker 1: So 8,200, there's a lot of bullish statements he is
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  Speaker 1: making right there. Now, granted, let's just remember, Tom Lee
• 9:21
  Speaker 1: is somewhat the perma bull around all of this. And
• 9:24
  Speaker 1: the real question, I think, is where does this play
• 9:27
  Speaker 1: for the potential of either another retracement? Now, does it
• 9:32
  Speaker 1: go back to what we saw, a sub 60K Bitcoin
• 9:36
  Speaker 1: or not? Or have we seen a true bottom there?
• 9:38
  Speaker 1: I think that's the key here. that plays into what
• 9:42
  Speaker 1: Michael Saylor has been doing. And I want to lead
• 9:44
  Speaker 1: off with something because when you look at what Saylor
• 9:47
  Speaker 1: has been doing in terms of his acquisition strategy, because
• 9:50
  Speaker 1: this all has a bearing on.
• 9:51
  Speaker 2: Bitcoin, strategy acquired 4,600 Bitcoin, 370 million. This increased U.S.
• 9:55
  Speaker 2: cash by 29 million. They purchased 150.
• 10:00
  Speaker 1: Million of stretch, but they bought nothing when it came
• 10:03
  Speaker 1: to MicroStrategy. So this is kind of a situation I
• 10:07
  Speaker 1: think that will play out maybe faster than everyone thinks.
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  Speaker 2: All right, so when you.
• 10:12
  Speaker 1: Look at the Seller Tracker, you can kind of see
• 10:15
  Speaker 1: where the sales have taken place. And they've all happened
• 10:20
  Speaker 1: toward the bottom here. And of course, this was a
• 10:23
  Speaker 1: great opportunity for them to go in and reposition Bitcoin.
• 10:26
  Speaker 1: Did not necessarily take action there. And as you look
• 10:30
  Speaker 1: right here, you can kind of see where they went
• 10:32
  Speaker 1: in and took out cash.
• 10:34
  Speaker 2: And essentially, this is where it starts to supersede the NAV.
• 10:37
  Speaker 1: This is an interesting point as well, because look here,
• 10:40
  Speaker 1: all of these points and then boom, another hit on
• 10:43
  Speaker 1: the MNAV in terms of the common equity that's being raised.
• 10:46
  Speaker 2: So This has a real effect, I think, on a
• 10:49
  Speaker 2: microstrategy holder.
• 10:50
  Speaker 1: And if you don't have microstrategy in a healthy position,
• 10:55
  Speaker 1: all of this comes crumbling down at some point. Now,
• 10:58
  Speaker 1: can Bitcoin's price save all of this? I think that's
• 11:02
  Speaker 1: the question that everybody's going to be asking. And of course,
• 11:04
  Speaker 1: you look at the alternative to that. You have to
• 11:07
  Speaker 1: go look at ETH and Bitmine. Bitmine, of course, setting it.
• 11:10
  Speaker 1: They also did an increase in their buyback program to
• 11:13
  Speaker 1: $ 4 billion. This is from $ 1 billion. And this is
• 11:16
  Speaker 1: in reference to a stock buyback. This is among the
• 11:19
  Speaker 1: 10th largest announced in 2026. So that's a big deal
• 11:23
  Speaker 1: for BM & R.
• 11:24
  Speaker 2: And I think this is one of the big.
• 11:25
  Speaker 1: Differences that we have not necessarily seen happen with Bitcoin
• 11:29
  Speaker 1: and strategy. And if you look at this right here,
• 11:32
  Speaker 1: this was after the most recent update on BM & R.
• 11:35
  Speaker 1: They went in and purchased another 153,000 ETH. That's another
• 11:40
  Speaker 1: 130 million. Point being is that Tom Lee has done
• 11:42
  Speaker 1: something that Saylor has not. And that is buying when
• 11:45
  Speaker 1: the dips occur and looking at buybacks when he can.
• 11:50
  Speaker 2: Very confident and also very strategic moves.
• 11:53
  Speaker 1: That play into a very good sign for both BM
• 11:56
  Speaker 1: & R and Ethereum. And I want to go into
• 11:59
  Speaker 1: Tom Lee talking about this buyback and why it matters.
• 12:03
  Speaker 8: You have bought Ethereum now, I think, for 65 consecutive weeks,
• 12:07
  Speaker 8: which I think is a personal best. And you have
• 12:09
  Speaker 8: also recently in the last five weeks, though, begun introducing
• 12:13
  Speaker 8: buybacks of the BM & R stock as well.
• 12:16
  Speaker 7: Now, in terms of equity buybacks, we have an authorization
• 12:20
  Speaker 7: to buy back $ 4 billion of common equity, ensure that
• 12:25
  Speaker 7: the stock price doesn't deviate from what we consider to
• 12:29
  Speaker 7: be fundamental value. And so when we started this buyback program,
• 12:34
  Speaker 7: we thought the stock was a really good investment for
• 12:37
  Speaker 7: us because we could actually grow our Ethereum per share
• 12:42
  Speaker 7: by buying back stock. And we did execute the largest,
• 12:45
  Speaker 7: over those past five weeks, the largest stock buyback in
• 12:49
  Speaker 7: history of any crypto debt. We bought nearly 20 million
• 12:55
  Speaker 7: shares back and we commenced that buyback program when the
• 13:00
  Speaker 7: stock was under $ 15 per share and it's currently 26.
• 13:04
  Speaker 7: So I think in many ways, it's been a very
• 13:07
  Speaker 7: successful program.
• 13:10
  Speaker 1: I would say Tom is right. It has been a
• 13:12
  Speaker 1: successful program. And if it continues to form as what
• 13:15
  Speaker 1: they have seen in the past, this is going to
• 13:16
  Speaker 1: be huge for Ethereum, but also for.
• 13:18
  Speaker 2: BM & R.
• 13:19
  Speaker 1: And I'd love to know, how would you guys play
• 13:21
  Speaker 1: this right now? Would you look at MicroStrategy and Bitcoin,
• 13:25
  Speaker 1: or would you maybe fall in the camp of BM
• 13:27
  Speaker 1: & R and ETH? Let me know down in the comments.
• 13:30
  Speaker 1: Speaking of one other asset, I want to go over
• 13:32
  Speaker 1: to Solana. Solana votes now canceled 18.9 million and sold. This,
• 13:37
  Speaker 1: of course, all happened almost last minute. And when you
• 13:41
  Speaker 1: look at it, Kraken was one of the linked validators
• 13:45
  Speaker 1: that switched sides in the final minutes.
• 13:48
  Speaker 2: And MERT was maybe responsible for this.
• 13:51
  Speaker 1: You had, of course, Kraken has changed from no on
• 13:54
  Speaker 1: disinflation to a yes.
• 13:57
  Speaker 2: Huge kudos to them. And I think this is the point.
• 14:00
  Speaker 1: We are now seeing the community when it comes to
• 14:03
  Speaker 1: Solana in full control. Many people would say that's the
• 14:07
  Speaker 1: best thing that could happen to Solana. Solana, of course,
• 14:09
  Speaker 1: is going to start to see, I think, some major
• 14:12
  Speaker 1: moves from here. Still one of my favorite assets out
• 14:16
  Speaker 1: there in terms of this particular bull run as we
• 14:19
  Speaker 1: go forward. There are a lot of things happening right now, guys,
• 14:22
  Speaker 1: and I want to kind of draw your attention to
• 14:25
  Speaker 1: one thing, and that is when you look at the
• 14:27
  Speaker 1: macro pressure that we have seen over the last few months,
• 14:30
  Speaker 1: and for crypto to finally get a bit of a rotation,
• 14:34
  Speaker 1: is it too good to be true? Well, that's what
• 14:36
  Speaker 1: we're going to be watching this week. If you like
• 14:44
  Speaker 1: this video, hit like and subscribe, drop a comment down below,
• 14:48
  Speaker 1: and also join our free private member group.
• 14:50
  Speaker 2: The link is in the description.