Latest / The Paul Barron Crypto Show / Volatility NIGHTMARE Ahead?📉Technical Analysis with Tim Warren
Transcript
- 0:00Speaker 1: Today we'll be diving into some explosive news coming out
- 0:02Speaker 1: of the White House. Also, take a look at twenty
- 0:04Speaker 1: twenty six. It is going to be an awesome one.
- 0:08Speaker 1: I just want to jump right into it today. And
- 0:10Speaker 1: of course I'm going to bring in my friend, my
- 0:13Speaker 1: fellow compatriot, mister Tim Warren, coming in from you know him,
- 0:18Speaker 1: Tim Warren Trades.
- 0:19Speaker 2: How's it going, Tim, it's going, Paul, What another crazy
- 0:23Speaker 2: day for crypto here.
- 0:25Speaker 1: It's getting out of control.
- 0:26Speaker 3: Man.
- 0:26Speaker 1: If you guys have not visited mister Tim Warren's channel,
- 0:30Speaker 1: I want you to jump over there right now, hit
- 0:32Speaker 1: that little subscribe button and watch a handful of these
- 0:36Speaker 1: videos because he does a really good job at breaking
- 0:38Speaker 1: down things and getting it into very digestible snippets that
- 0:43Speaker 1: you guys can understand. So check out Tim Warren. It
- 0:46Speaker 1: is an awesome one for sure.
- 0:47Speaker 4: Tim.
- 0:48Speaker 1: Let's go over to a point or two that I
- 0:50Speaker 1: want to hit on. There's several scenarios that are playing
- 0:53Speaker 1: out underneath this one. We have some analysts that are
- 0:56Speaker 1: pointing to twenty twenty six being one of the best
- 1:00Speaker 1: years out there. Then you have a lot of you know,
- 1:03Speaker 1: star wars that have been really in this industry for
- 1:06Speaker 1: some time calling for a different analysis on this. Just
- 1:10Speaker 1: before we get started, and we kind of hit on
- 1:12Speaker 1: Trump's recent tweets, which is pretty crazy.
- 1:15Speaker 4: What is your thought?
- 1:16Speaker 1: Are you bullish or bearish for twenty six?
- 1:20Speaker 4: Yeah, it depends on who you ask.
- 1:22Speaker 2: People like to say where I am all the time,
- 1:25Speaker 2: and you know, I'm bearish right now in the immediate
- 1:29Speaker 2: like short term, next couple of hours, next couple of days,
- 1:33Speaker 2: potential I think there's some concerns there. I'm closure to
- 1:37Speaker 2: bullish as you think they're in twenty six. I'm still bullish.
- 1:40Speaker 2: I'll remain bullish. Obviously, twenty twenty five was supposed to
- 1:44Speaker 2: be bullished for a handful of reasons.
- 1:45Speaker 4: I was bullish all the twenty five got that one wrong.
- 1:48Speaker 2: So there's that element I think everyone has to have
- 1:51Speaker 2: where it's like, hey, we're in a different game right now.
- 1:54Speaker 2: Things have changed. We've never seen crypto move the way
- 1:56Speaker 2: it's moved this year. But I still believe there's a
- 1:59Speaker 2: lot of catalysts that once we kind of sort out
- 2:03Speaker 2: all of the manipulation, once the whales and the new
- 2:06Speaker 2: institutions coming in have their fill of cheap levels, I
- 2:10Speaker 2: still think a lot of signs are putting towards a
- 2:11Speaker 2: very explosive twenty twenty six.
- 2:13Speaker 1: So twenty six being explosive, obviously, with what that is
- 2:18Speaker 1: going to take, it's going to take some major moves
- 2:20Speaker 1: from the Fed. Here it is right here, President Trump says,
- 2:23Speaker 1: anybody disagrees with me will never be the FED chair.
- 2:27Speaker 1: And then right underneath that, it says President Trump says,
- 2:29Speaker 1: inflation will take care of itself, and if it doesn't
- 2:33Speaker 1: keywords right there, guys, we can always raise rates. So
- 2:37Speaker 1: what do you make of that? Do you feel like
- 2:40Speaker 1: is that any kind of indicator that we could actually
- 2:42Speaker 1: see some rates being raised?
- 2:45Speaker 2: You know, I learned a long time ago you temper
- 2:49Speaker 2: your expectations when Donald Trump speaks. You can never take
- 2:52Speaker 2: his highs as high as he makes them sound, and
- 2:55Speaker 2: you can never take these lows as low as he
- 2:56Speaker 2: says at the end of the day. Isn't this what the
- 2:58Speaker 2: Fed's been saying they can always get It's almost like
- 3:01Speaker 2: the opposite. Jerome Howells almost like, hey, if inflation gets better,
- 3:04Speaker 2: we can always cut rates. And so it's like, yeah,
- 3:06Speaker 2: you told us what we already know. Inflation goes up,
- 3:08Speaker 2: we want to raise rates INFLACE goes down, we want
- 3:10Speaker 2: to cut rates. I think it depends to where people
- 3:12Speaker 2: want to see. I don't know a lot of people.
- 3:14Speaker 2: I'm sure there's somebody out here in the community who says, no,
- 3:16Speaker 2: I like high interest rates. I like it hard to
- 3:18Speaker 2: borrow money. I think ninety nine percent of us would
- 3:21Speaker 2: like to see them come down. And to be fair,
- 3:25Speaker 2: he's right, we could always just raise rates back up.
- 3:30Speaker 4: It's yeah.
- 3:31Speaker 1: Well, I think the key here is is what would
- 3:33Speaker 1: that look like to the market if we continue to
- 3:36Speaker 1: see stock market. I mean, we're closing in on sixty
- 3:38Speaker 1: nine hundred. We could just seven thousand, maybe, which was
- 3:41Speaker 1: Tom Lee's target before the end of the year. We
- 3:46Speaker 1: have a tweet out there that is a poll on
- 3:49Speaker 1: what basket of all coins would you choose as safe choices?
- 3:54Speaker 4: What would it be?
- 3:55Speaker 1: I'm showing Ethereum, Salona, Asi, Avax, Link, and Uni. This
- 4:00Speaker 1: is the list We've got eth Ata, suite A, vax soul, A,
- 4:05Speaker 1: vax uned Link, XRP link like coin EIGHTA and XRP
- 4:11Speaker 1: or a vax XRP Uh. I think it means pengu
- 4:14Speaker 1: here and link which one?
- 4:19Speaker 2: All right, Well, let's start by making very clear. As
- 4:23Speaker 2: much as I am bullish. As much as I'm bullish,
- 4:26Speaker 2: safe and crypto should not be used together, right, that's the.
- 4:29Speaker 4: Whole word making some of the same.
- 4:32Speaker 2: Yeah, okay, yeah, uh, you know what I would go
- 4:36Speaker 2: with here. I think people are gonna know Link's got
- 4:38Speaker 2: to be in that. I think Link is potentially ethereum
- 4:41Speaker 2: and Link kind of go hand in hand with.
- 4:43Speaker 4: The safest plays. What keeps me away from bag number one?
- 4:47Speaker 2: And I know a lot of people are get upset
- 4:48Speaker 2: about me, upset at me for saying this, And I
- 4:51Speaker 2: want to preface this by saying I.
- 4:52Speaker 4: Still hold a Cardino bag, Paul. I don't know about you.
- 4:55Speaker 4: I'm losing some confidence in Cardano and.
- 4:58Speaker 2: I don't want to open up that whole can of
- 4:59Speaker 2: worms he or on Today show that probably the show
- 5:01Speaker 2: in and of itself. So I'm hesitant to say number one.
- 5:05Speaker 2: I really like Solana, but in the second batch, I
- 5:07Speaker 2: have no etherium. Like I wish there was a batch
- 5:09Speaker 2: that had Link, Solana, and ethereum all in it. That
- 5:12Speaker 2: would probably be my go to. But let's just go here.
- 5:17Speaker 2: I'm gonna go with option to Solana, avax Union Link.
- 5:21Speaker 2: I wish UNI was ethereum instead, but that's where I
- 5:24Speaker 2: would go.
- 5:25Speaker 3: Go.
- 5:25Speaker 1: All right, so your vote came in as the least
- 5:29Speaker 1: selected bag.
- 5:31Speaker 4: I like that. You love that. I love that.
- 5:35Speaker 1: Number one is XRP link light Coin EIGHTA, holding at
- 5:39Speaker 1: forty six percent right now, about one hundred and sixty
- 5:42Speaker 1: votes in. So uh, hopefully you guys can go back
- 5:44Speaker 1: to the to the x account and catch out when
- 5:49Speaker 1: there's more votes in there to see if they hold up.
- 5:52Speaker 1: But that's interesting statements that you got there. Hey, A
- 5:55Speaker 1: couple of things that have happened is we've had the
- 5:58Speaker 1: quarter three GDP absolutely blown out of the water. I
- 6:02Speaker 1: mean it's up a percent, up four point three. We
- 6:04Speaker 1: thought it was gonna be three to three. A lot
- 6:06Speaker 1: of people pointing at this saying, well, the economy is resilient,
- 6:10Speaker 1: but we aren't seeing price action on this. Does this
- 6:12Speaker 1: stuff matter anymore?
- 6:15Speaker 5: You know?
- 6:16Speaker 4: I think I saw it post of several accounts.
- 6:18Speaker 2: I'm not going to try to take credit for this.
- 6:20Speaker 2: You almost have two different economies right now. You have
- 6:23Speaker 2: the AI economy that is booming, but that's what's causing
- 6:25Speaker 2: a lot of people to say potentially is AI in
- 6:27Speaker 2: a bubble, which I'm not necessarily certain it is, but
- 6:30Speaker 2: it's a fair argument that AI is propping up GDP,
- 6:33Speaker 2: it's propping up the S and P five hundred, it's
- 6:35Speaker 2: propping up the economy, and if it isn't a bubble,
- 6:39Speaker 2: that could spell a lot of doom for the economy
- 6:41Speaker 2: if the AI were to go pop and follow downside.
- 6:44Speaker 4: Now, I don't think it's going to happen.
- 6:45Speaker 2: I don't want to spread any fear there, but that's
- 6:47Speaker 2: that's the reality of what's happening right now. That's the
- 6:49Speaker 2: reason people are scratching their heads because they're like, food's expensive,
- 6:52Speaker 2: electricity is expensive, housing is expensive. You know, people are
- 6:57Speaker 2: Unemployment is rising. Why is the GDP so strong? Look
- 7:01Speaker 2: at the AI sector that's carrying the load right now,
- 7:06Speaker 2: but I'm still well six the others can catch up.
- 7:09Speaker 1: Yeah, okay, so sector holding. But in general, you look
- 7:14Speaker 1: at what this growth is going to look like for
- 7:16Speaker 1: next year. I've got a clip here from Tom Lee.
- 7:18Speaker 1: I want to play for you and then get your
- 7:20Speaker 1: opinion on this.
- 7:21Speaker 4: Take a look.
- 7:22Speaker 6: I think it's still possible to have a double digit year.
- 7:26Speaker 6: There have been twelve times in the last one hundred
- 7:28Speaker 6: years where markets posted three years at twenty percent gains
- 7:31Speaker 6: this year hasn't finished yet. Globally, half the time markets
- 7:36Speaker 6: do even better in the following year. So I think
- 7:39Speaker 6: next year is a year where the debate is going
- 7:42Speaker 6: to be is the bull cycle over or is it
- 7:45Speaker 6: going to extend. I think it's going to create quite
- 7:47Speaker 6: a lot of volatility the first half. But I think
- 7:50Speaker 6: GDP growth is stronger, we have a dubvish FED, valuations
- 7:53Speaker 6: are reasonable, so I think we end up exiting very strong.
- 7:56Speaker 7: Why a lot of volatility in the first half.
- 7:59Speaker 6: That part of it is the Trump tariffs could get overturned.
- 8:04Speaker 6: There is a possibility of an extended government shutdown. The
- 8:09Speaker 6: nomination and then confirmation of a new FED chair is
- 8:13Speaker 6: going to take three months. That could be very controversial.
- 8:17Speaker 6: I think all of that happens in the first half
- 8:19Speaker 6: of next year.
- 8:21Speaker 1: All right, So there you have it, Tom Lee. Early
- 8:24Speaker 1: volatility playing into this that could be good for crypto
- 8:27Speaker 1: in general. If you're looking at entry points, what would
- 8:30Speaker 1: be your bitcoin target right now? If you look at
- 8:34Speaker 1: the charts, where would you target bitcoin in early next
- 8:37Speaker 1: year and say this is a buy right here?
- 8:41Speaker 2: Well, I mean, I think you're possibly looking at prices
- 8:44Speaker 2: right now and your between right now and down towards
- 8:47Speaker 2: seventy four to five, I would call a by right
- 8:49Speaker 2: now again. Even that volatility he's talking about, I think
- 8:54Speaker 2: there's a level in which you know, if you're in
- 8:56Speaker 2: a sector like AI stocks, or if you're looking at
- 9:00Speaker 2: gold or silver, well, you've just had a massive run up.
- 9:04Speaker 2: So when you hear the word volatile and you've been
- 9:07Speaker 2: very bullish, that's probably not the words you want to hear.
- 9:10Speaker 2: Volatile probably means a swing in the opposite direction. Doesn't
- 9:13Speaker 2: mean a bear market, doesn't mean eighty percent crashes. It
- 9:17Speaker 2: just means, hey, you've had a nice, big rally, we're
- 9:19Speaker 2: about to get volatile.
- 9:20Speaker 4: You're coming back down.
- 9:21Speaker 2: Crypto space has been falling. So the word volatile in
- 9:25Speaker 2: crypto actually sounds kind of nice right now. It sounds
- 9:28Speaker 2: like something that could swing us back to the upside.
- 9:31Speaker 2: And so when I look at my chart here and
- 9:33Speaker 2: i'll share it, yes, look at it. What I continue
- 9:35Speaker 2: to maintain some shorter term support and resistance that I
- 9:39Speaker 2: think is very key. Number one right here, eighty four
- 9:43Speaker 2: eighty five thousand dollars area. This actually is a very
- 9:46Speaker 2: significant level for this Friday. The options expirer that happens,
- 9:49Speaker 2: it has a I think a poll wall here at
- 9:52Speaker 2: eighty five thousand. If people don't know what that means,
- 9:55Speaker 2: it's fine. It means strong support. The strong resistance actually
- 9:58Speaker 2: is up at one hundred thousand, but the max pain,
- 10:01Speaker 2: which is very interesting and sitting at ninety six thousand dollars.
- 10:05Speaker 2: So right now, between eighty five and ninety six k
- 10:09Speaker 2: is the short term. I think support and resistance level.
- 10:13Speaker 2: Whether you're in a bear market mood or not, I
- 10:17Speaker 2: think that I think you should not rule out a
- 10:20Speaker 2: bigger move to the upside. I still think we're watching
- 10:24Speaker 2: after losing the fifty week moving average that's this yellow
- 10:26Speaker 2: line right here, I think a movement back up towards it.
- 10:29Speaker 2: That and maybe look at the two hundred day SMA
- 10:32Speaker 2: for example, which by the way, twohundad SMA is sitting
- 10:34Speaker 2: currently at one hundred and seven and dropping. The fifty
- 10:37Speaker 2: week moving average sitting at one hundred and one in dropping.
- 10:40Speaker 4: I still think you could.
- 10:41Speaker 2: See early in twenty twenty six, because I'd be surprised
- 10:44Speaker 2: if this happens in the next week and a day,
- 10:47Speaker 2: so eight days left this year. I still think we
- 10:49Speaker 2: could see an early run at least back up two
- 10:52Speaker 2: one hundred thousand to meet that fifty week moving average
- 10:54Speaker 2: close to that two hundred day moving average. After that, though,
- 10:58Speaker 2: the question becomes, do we put in a higher low
- 11:00Speaker 2: and start making a move towards all time high, or
- 11:02Speaker 2: do we run into resistance and make a lower move,
- 11:05Speaker 2: maybe back towards April lows. I think seventy four k
- 11:09Speaker 2: is going to be a very key level of support.
- 11:11Speaker 2: If that is lost, I think it's the keyword if
- 11:14Speaker 2: I think the next spot you're watching is a pretty
- 11:16Speaker 2: severe one all the way down to the two hundred
- 11:18Speaker 2: week moving average, which is climbing. It's currently a fifty
- 11:21Speaker 2: seven thousand. I think by the time we'd make it there,
- 11:24Speaker 2: you're probably looking at sixty to sixty five thousand as
- 11:27Speaker 2: the realistic floor for that level.
- 11:30Speaker 4: I'm not convinced we're going there. I think there's a chance.
- 11:33Speaker 2: I'd give this, Paul, I give a about a thirty
- 11:35Speaker 2: to forty percent chance the bottom is in. I think
- 11:38Speaker 2: seventy four you're starting to put in more like that's
- 11:41Speaker 2: maybe when I'm putting fifty, I think there's still a
- 11:43Speaker 2: chance of sixty k.
- 11:45Speaker 4: I don't think it's strong. I there's a chance of it. Good.
- 11:48Speaker 4: Let me ask.
- 11:49Speaker 1: You this right here, because you're dealing with people who
- 11:52Speaker 1: it's end of year, so there's some tax loss harvesting
- 11:55Speaker 1: coming in on on you know, projects and mostly all
- 11:58Speaker 1: coins that you just got, you know, posted on this
- 12:00Speaker 1: year if you purchased this year. But if you are
- 12:03Speaker 1: one of the bitcoiners and one of the Ethereum holders
- 12:06Speaker 1: and one of the XRP holders who purchased last year
- 12:10Speaker 1: in twenty four or twenty three, you are up. What
- 12:14Speaker 1: about the issue of people saying, listen, it so close
- 12:18Speaker 1: to the end of the year, I think my last
- 12:20Speaker 1: year year and run. I'm going to roll these capital
- 12:22Speaker 1: gains into next year and January is when I'm going
- 12:26Speaker 1: to start taking profits. Are you at all worried about
- 12:29Speaker 1: those kinds of strategies that could be playing into it
- 12:32Speaker 1: right now in terms of profit taking that could hit,
- 12:35Speaker 1: you know, because some of this could be pretty big
- 12:37Speaker 1: Bitcoin holders saying I'm done.
- 12:41Speaker 2: It's possible, and I'd have to see some numbers presented
- 12:44Speaker 2: to me of what kind of people would want to
- 12:46Speaker 2: make that type of a move. I think right now,
- 12:49Speaker 2: when you're looking at the amount of frustration, clearly long
- 12:53Speaker 2: term holders are frustrated, right, I'm a long term holder.
- 12:55Speaker 4: I'm frustrated. But yet I'm bullish.
- 12:58Speaker 2: I think the people are so frustrated are considering selling.
- 13:01Speaker 2: There's gonna be way more of those that are more
- 13:03Speaker 2: in a position than want to sell in loss that
- 13:05Speaker 2: in and and gain. And I get that tax I
- 13:07Speaker 2: was partising done early. I understand what your logic is saying.
- 13:11Speaker 2: There is saying there could be some people that roll
- 13:13Speaker 2: into twenty twenty six. They take their capital gains early
- 13:16Speaker 2: in preparation. I'm going to continue, though, to preach that
- 13:21Speaker 2: this whole move. When I go back to my chart,
- 13:23Speaker 2: you know, do not I don't get everything right. I
- 13:26Speaker 2: get I get things wrong all the time, but I
- 13:28Speaker 2: get a good amount right. And even though I didn't
- 13:30Speaker 2: take advantage of it, I should have. I prepared our community.
- 13:34Speaker 2: I said, do not be surprised. In October of twenty
- 13:37Speaker 2: twenty five. There is the perceived notion of a four
- 13:40Speaker 2: year cycle top that will come in. I think there
- 13:43Speaker 2: will be a selloff.
- 13:44Speaker 4: Now.
- 13:44Speaker 2: Did I think we get this low? No, I think
- 13:45Speaker 2: we went lower than even I anticipated, which is why
- 13:47Speaker 2: I didn't sell my crypto. But I told my community,
- 13:50Speaker 2: I said do not be surprised if, as we have,
- 13:52Speaker 2: still not had regulatory clarity, as the institution says, still
- 13:56Speaker 2: not really jumped in, although there's they're flirting with it
- 13:59Speaker 2: every single week. Don't be surprised to see a move
- 14:03Speaker 2: to the downside that convinces retail that's it for your cycles.
- 14:06Speaker 2: Intac we're going to keep going lower, and we're gonna
- 14:08Speaker 2: have our normal seventy to eighty percent correction all the while.
- 14:12Speaker 2: We'll find a location somewhere. Maybe it's right in here
- 14:14Speaker 2: that the institutions set up camp to accumulate as much
- 14:17Speaker 2: as possible, and it's right when you're convinced we're about
- 14:21Speaker 2: to go lower that they'll decide nope, it's actually time
- 14:23Speaker 2: to go to the upside. So anything's possible. Paul, I
- 14:27Speaker 2: don't have a crystal ball. You don't have a crystal ball.
- 14:29Speaker 2: I've told you before. If you find one, please let
- 14:32Speaker 2: me know. I would love to get my hands on it.
- 14:34Speaker 2: But I still think there's a lot of strong arguments
- 14:37Speaker 2: for this manipulated move down is a calculated move by
- 14:40Speaker 2: institutions like JP Morgan and others. Also, historically, quantitative easing
- 14:46Speaker 2: is a very good thing for risk on assets. Crypto
- 14:51Speaker 2: is a risk on assets. We are cutting rates, and
- 14:54Speaker 2: even though we haven't declared it, we are pretty much
- 14:56Speaker 2: utilizing quantity of easing by the FED now injecting the
- 15:00Speaker 2: it's only a matter of time into twenty twenty six
- 15:02Speaker 2: before official QI is announced. I just don't see that
- 15:05Speaker 2: spelling out a bearish year for bitcoin.
- 15:09Speaker 3: What do you think?
- 15:10Speaker 1: Okay, so obviously the FED chair selection, but what even
- 15:13Speaker 1: Tom Lee said there in that clip was that this
- 15:15Speaker 1: could elongate into middle of the year. You look at
- 15:20Speaker 1: the poly market right now, right now, it's still has
- 15:23Speaker 1: it on the high side. I'll zoom in on that
- 15:25Speaker 1: for you guys, so you can kind of see it
- 15:27Speaker 1: right there, has it on the high side gaining ground again,
- 15:30Speaker 1: which is interesting, holding it at about sixty two percent.
- 15:34Speaker 1: And it appears that he would be the one that
- 15:37Speaker 1: Trump would say, hey, this is the guy for us,
- 15:42Speaker 1: because he's going to be in that position. Are you
- 15:44Speaker 1: at all worried about the FED independence becoming a thing
- 15:48Speaker 1: that investors would actually look at in a negative way
- 15:53Speaker 1: going with FED rate cuts.
- 15:55Speaker 2: I don't think so, Paul, because I think that if anything,
- 15:58Speaker 2: there's gonna be a lot of very good friends with
- 16:00Speaker 2: the people who now control the FED, of course, that
- 16:02Speaker 2: being the Trump family and the Trump administration.
- 16:06Speaker 4: They're going to see the opportunity. They're gonna see the
- 16:09Speaker 4: opportunity for some pretty big moves to the upside. Right,
- 16:11Speaker 4: We're gonna get more rate cuts. We're gonna see things happening. Paul.
- 16:15Speaker 2: I don't I don't want the FED to be independent
- 16:17Speaker 2: or dependent. I would love the FED just to go
- 16:19Speaker 2: ahead and be obliterated. I would love said to no
- 16:21Speaker 2: longer exist. I think there's gonna be some fear mongering
- 16:25Speaker 2: along the way, but I I don't know.
- 16:28Speaker 4: At least it is time, Paul.
- 16:29Speaker 2: I don't think I have any worry at all about
- 16:31Speaker 2: maybe too heavy control from the US government on the FED.
- 16:35Speaker 2: But maybe maybe I'll change my mind as things kind
- 16:38Speaker 2: of develop.
- 16:40Speaker 1: All right, well, we got to talk a look a
- 16:42Speaker 1: look at whether people like tariffs or not. This, of course,
- 16:45Speaker 1: is Scott Bessent. This is a clip of him talking
- 16:48Speaker 1: about it.
- 16:49Speaker 7: Take a look, Scott, it seems like the tariffs have
- 16:52Speaker 7: had an enormously positive impact. Why do you think so
- 16:57Speaker 7: many people got it wrong? What did they get wrong?
- 17:01Speaker 7: What did they miss that you were able to see?
- 17:04Speaker 8: Well, a couple of things. People didn't have an open mind.
- 17:07Speaker 8: They became the Trump tariffs because President Trump wanted to
- 17:11Speaker 8: do it. It must be bad. I said the other day,
- 17:14Speaker 8: President Trump cured cancer, but it caused dandrupe. Then people
- 17:18Speaker 8: would say, well, President Trump has caused the dandrup epidemic.
- 17:22Speaker 1: What is your opinion on tariff? Do you feel like
- 17:24Speaker 1: this is really hitting the bottom line of inflation or not?
- 17:29Speaker 2: It's it's anyone who tries to say that tariffs have
- 17:32Speaker 2: no impact on inflation, they are lying to you or
- 17:35Speaker 2: they're very ill informed. They absolutely have impact on inflation.
- 17:39Speaker 2: When it comes to is a good thing or not,
- 17:42Speaker 2: that actually depends on what happens down the road. I've
- 17:45Speaker 2: said several times, and I've got in trouble for this,
- 17:47Speaker 2: but I'll say it again on your channel.
- 17:48Speaker 4: Maybe I won't get I'll probably actually get more trouble
- 17:51Speaker 4: on your channel. But that's what it is.
- 17:54Speaker 2: If we get to a place where we start to
- 17:56Speaker 2: eliminate or at least seriously supp press income tax, then
- 18:02Speaker 2: I think tariffs are a good thing. Going back to
- 18:05Speaker 2: what we had pre World War One, where there was
- 18:07Speaker 2: no income tax and the government made us money based
- 18:09Speaker 2: off tariffs. I think that's a great idea to go
- 18:12Speaker 2: back to. Some economists disagree, but I think that's okay.
- 18:16Speaker 2: A world in which we have both tariffs and income
- 18:18Speaker 2: tax is terrible. And even listening to these guys listening
- 18:21Speaker 2: to wealth from individuals saying that that this is a
- 18:26Speaker 2: good thing. Wealthy people have not been hit hard by tariffs,
- 18:30Speaker 2: and maybe a lot of them have actually benefited from them.
- 18:33Speaker 2: It's disingenuous though, to smaller people, to small business owners,
- 18:38Speaker 2: to the person who has jobs at key key companies
- 18:41Speaker 2: who depend upon imports. Those are the people being hit.
- 18:45Speaker 2: So to say, oh, people are trying to spin this
- 18:48Speaker 2: is a bad thing.
- 18:48Speaker 4: No, at the moment.
- 18:49Speaker 2: If you're being hit by income tax and tariffs, your
- 18:53Speaker 2: paycheck is being hit, your inflation is being hit, your
- 18:57Speaker 2: job is being hit. It has been a negative thing
- 18:59Speaker 2: to this point. What still remains at question is if
- 19:02Speaker 2: it can be a good thing long term. That's why
- 19:05Speaker 2: I'm holding out.
- 19:05Speaker 1: On I think this is going to play out negatively
- 19:10Speaker 1: for the current administration on affordability. If something doesn't really
- 19:14Speaker 1: spin around, this is going to be a problem next year.
- 19:18Speaker 1: This is the issue right here. This is a Trump
- 19:20Speaker 1: administration starting to seize defaulted student loan monies, and they're
- 19:26Speaker 1: going to do it through your pay So basically they're
- 19:28Speaker 1: talking about garnishing your wages if you own our loan
- 19:33Speaker 1: owe money to the US government in reference to student loan.
- 19:35Speaker 1: These are the kind of things that to me just
- 19:39Speaker 1: you know, scream the issue that we're dealing with right now,
- 19:43Speaker 1: which is where we are currently from the economy side,
- 19:49Speaker 1: where most of the voters are living, which I think
- 19:52Speaker 1: are a lot of crypto voters right now, and now
- 19:55Speaker 1: the administration pulls this, I just don't know. This just
- 19:58Speaker 1: feels wrong.
- 20:00Speaker 2: Yeah, it's not good, Paul, because on one hand, I'm
- 20:03Speaker 2: a big believer of you should pay your debts right,
- 20:05Speaker 2: people should pay their debts one but the minute the
- 20:09Speaker 2: government starts putting his hand in my bank account on
- 20:13Speaker 2: my paycheck, what's the line between us and China? What's
- 20:17Speaker 2: the line between us and a very dangerous world down
- 20:20Speaker 2: the world. I really hope that this headline was more
- 20:22Speaker 2: of a feeler outer and doesn't come to fruition.
- 20:24Speaker 4: It's a scary world.
- 20:25Speaker 1: If that is going to hit some pushback, I think
- 20:28Speaker 1: he's going to get some pushback on this. Anthony Pampriano
- 20:31Speaker 1: comes out and he's talking about bitcoin and the potential
- 20:35Speaker 1: for it. I wanted to play this clip for you
- 20:37Speaker 1: get your attention.
- 20:38Speaker 4: Opinion.
- 20:39Speaker 5: It's like at bitcoin prices this morning, oh my god,
- 20:42Speaker 5: there might not be another interest rate cut. Better sell
- 20:45Speaker 5: some bitcoin.
- 20:46Speaker 3: Yeah, I mean, look, I think that there are a
- 20:48Speaker 3: lot of bitcoin investors that are disappointed that bitcoin did
- 20:50Speaker 3: not go to one fifty two, two hundred and fifty.
- 20:52Speaker 3: I mean, take your a crazy number that people were predicting.
- 20:55Speaker 3: At the same time, we have to remember bitcoin is
- 20:56Speaker 3: up one hundred percent in two years too. It's up
- 20:58Speaker 3: almost three hundred percent in the years it has been compounding.
- 21:01Speaker 3: The compounding your growth rate a bitcoin of the last
- 21:03Speaker 3: decade is seventy percent. This thing has been a monster
- 21:06Speaker 3: in financial markets. But it has volatility, and so one
- 21:10Speaker 3: of the aspects of bitcoin that people aren't talking about
- 21:12Speaker 3: is that the volatility of bitcoin has actually been coming down.
- 21:15Speaker 3: And so we didn't get a blowoff top that I
- 21:17Speaker 3: think people expected in kind of the end of Q
- 21:19Speaker 3: three are beginning of Q four, But we also haven't
- 21:21Speaker 3: seen the big eighty percent draw down that people normally
- 21:24Speaker 3: expect as well.
- 21:24Speaker 5: Did you see it go down a lot more. You
- 21:26Speaker 5: said a little bit more. What's the next There's nothing
- 21:29Speaker 5: on the horizon. Really, there is Washington still matter. You
- 21:32Speaker 5: need that legislation. We don't have it yet.
- 21:34Speaker 3: Really, again, if we go back to this idea of
- 21:36Speaker 3: artificial intelligence and bitcoin or crypto or kind of the
- 21:39Speaker 3: two big areas where the future of finances, what I
- 21:42Speaker 3: believe is going to happen here is I think that
- 21:44Speaker 3: AI and AI agents are going to be offense. But
- 21:46Speaker 3: then what's going to happen is that these companies are
- 21:48Speaker 3: going to take that capital and they're going to go
- 21:49Speaker 3: and they're going to stick it into crypto and their
- 21:51Speaker 3: balance sheet. You could think of bitcoin and crypto as
- 21:53Speaker 3: the defense and actually protecting that purchasing power. Now, what
- 21:56Speaker 3: I find very interesting is that defense, some of it's
- 21:59Speaker 3: going to be bitcoin, It's going to be stable points.
- 22:01Speaker 3: Some of them may even be tokenized gold.
- 22:04Speaker 1: All right, so you you heard that. For him to
- 22:07Speaker 1: mention tokenis gold is crazy because now you're dealing with
- 22:11Speaker 1: the situation. I think that a lot of bitcoiners face
- 22:14Speaker 1: with people who are investing in bitcoin right now because
- 22:17Speaker 1: it's like, what is a ridiculous amount of people are
- 22:20Speaker 1: down right now overall on their Bitcoin holdings, and it's
- 22:23Speaker 1: only the ogs that are in a position. Do you
- 22:26Speaker 1: think we're going to get some pushback from the markets
- 22:29Speaker 1: in general from this?
- 22:32Speaker 4: You know, there's some things that he said that I
- 22:33Speaker 4: think are a little funny.
- 22:34Speaker 2: First of all, he said, oh, it's it's I agree
- 22:36Speaker 2: with him, it's less faluatile.
- 22:37Speaker 4: But it's like, oh, we're not down eighty percent. It's like, well,
- 22:40Speaker 4: it's not.
- 22:40Speaker 2: Sometimes it's not the right time trying to be down
- 22:42Speaker 2: eighty percent just yet. In theory we could still do that.
- 22:46Speaker 2: But but I want to continue to go back to
- 22:49Speaker 2: some things I've said several times on this channel and
- 22:51Speaker 2: other channels as well. This is a game. This is
- 22:55Speaker 2: a game to what we call the composite man. This entity,
- 22:58Speaker 2: this large institutional entity that works is one person to
- 23:02Speaker 2: manipulate markets and to get these things. I'm not surprised
- 23:05Speaker 2: by this pullback. I'm not surprised by your tactics. This
- 23:07Speaker 2: is a tail as old as time. Unless and maybe
- 23:10Speaker 2: people are here. Unless you believe that bitcoin is dead.
- 23:14Speaker 2: If you think blockchain technology is dead and it is
- 23:16Speaker 2: going to zero, sure, sell off, run for the hills. Otherwise,
- 23:20Speaker 2: if you think it's valuable. Why wouldn't the elites who
- 23:24Speaker 2: want to control everything they can control, why wouldn't they
- 23:27Speaker 2: have some form of manipulation at play. And it's when
- 23:30Speaker 2: you start to hear the biggest cries of concern and
- 23:33Speaker 2: fear that you're probably starting to get towards a bottom
- 23:36Speaker 2: overall when it goes to interest rates. That's the other
- 23:39Speaker 2: thing I think is really interesting. But he said, being
- 23:42Speaker 2: in the clip, Paul, he said, Oh, looks like we're
- 23:43Speaker 2: not gonna get another interest rate cut in January, so
- 23:45Speaker 2: should we started selling off bitcoin. Bitcoin's been selling off
- 23:48Speaker 2: during several interest rates that cuts of this time. People
- 23:51Speaker 2: think it's so simple that it's like, oh, interest rate
- 23:53Speaker 2: cuts means bullishness for bitcoin.
- 23:55Speaker 4: No, it has not.
- 23:56Speaker 2: We've been cutting the last couple of meetings. We've also
- 23:59Speaker 2: been dropping the couple of meetings. It turns out it's
- 24:02Speaker 2: a little more complicated than that. Recently, good news has
- 24:05Speaker 2: been bad, Bad news has been bad, Neutral news has
- 24:07Speaker 2: been bad. It's almost like the news is not what's
- 24:10Speaker 2: influencing bitcoin price right now.
- 24:12Speaker 4: Something else is.
- 24:14Speaker 2: You can have that your own answer for yourself. My
- 24:16Speaker 2: answer is I still believe that bitcoin has an extremely
- 24:19Speaker 2: bright future. I think it's going to be. I think
- 24:21Speaker 2: in the next ten to fifteen years, people will be
- 24:24Speaker 2: measuring their wealth in terms of how much bitcoins tooshi's
- 24:27Speaker 2: they own, not in terms of US dollars. But because
- 24:30Speaker 2: of a world like that, and because we're still early
- 24:33Speaker 2: to the game of cryptocurrency, manipulators are manipulating, and they
- 24:37Speaker 2: can do so at very extreme levels.
- 24:39Speaker 1: Yeah, no doubt. Let's talk about ethereum for a second.
- 24:43Speaker 1: This chart alone starts to get me worried about where
- 24:47Speaker 1: ethereum could go from here. What say you, Tim, Do
- 24:50Speaker 1: you like it? You don't like it?
- 24:53Speaker 3: You know?
- 24:54Speaker 2: The chart there doesn't necessarily tell a whole lot of
- 24:57Speaker 2: details what's going on. It's some lines drawn there. I
- 24:59Speaker 2: don't lessarily think that that's what I'm watching and worried about.
- 25:03Speaker 2: I'm not convinced we're going to see this support level.
- 25:05Speaker 2: I have a support level down here that I've actually
- 25:07Speaker 2: had for quite some time. Here, at about twenty six
- 25:11Speaker 2: hundred to maybe as low as twenty four hundred. You're
- 25:13Speaker 2: gonna see its kind of right there in the middle
- 25:15Speaker 2: of the big swing between April and then the highs
- 25:18Speaker 2: here of August. That to me is strong support. I
- 25:21Speaker 2: didn't say this earlier, Paul, but I should have when
- 25:23Speaker 2: we're talking about bitcoin. But it's the same thing when
- 25:25Speaker 2: it comes to ethereum. This is one of the reasons
- 25:28Speaker 2: why I'm buying right now. Again, I don't have a
- 25:29Speaker 2: crystal ball. I can't promise you the bottom's in, But
- 25:32Speaker 2: one of the reasons I'm buying right now on the
- 25:33Speaker 2: weekly chart is this indicator right here that is giving
- 25:36Speaker 2: us a signal very similar to the previous lows. This
- 25:40Speaker 2: looks very similar to April of twenty five, It looks
- 25:43Speaker 2: similar to September of twenty four, it looks similar to
- 25:46Speaker 2: September of twenty three. It's on Bitcoin, it's on ethereum,
- 25:49Speaker 2: it's on the total chart, it's across crypto in general.
- 25:53Speaker 2: Whether you think the bull market is done or not.
- 25:56Speaker 2: This bi signal where let's go to bitcoin for example,
- 25:59Speaker 2: see it this reversal indicator green momentum, and then the
- 26:02Speaker 2: money flow is starting to pile back up Bitcoin, ethereum, alcoins,
- 26:06Speaker 2: take your pick. Is it is historically aligned with major
- 26:12Speaker 2: bottoms coming in and new moves to the upside flowing afterwards.
- 26:16Speaker 2: In fact, even people might say ten, but we're in
- 26:18Speaker 2: a bear market. Okay, maybe we don't get a new
- 26:20Speaker 2: all time high. Maybe we're in a bear market. Go
- 26:22Speaker 2: back though, to that relief rally of twenty twenty two.
- 26:27Speaker 2: Look at what came in here, reversal, greenmomentum, dot positive
- 26:30Speaker 2: money flow Bitcoin to rally forty five percent. It wouldn't
- 26:33Speaker 2: put in a new all time high. It would have
- 26:35Speaker 2: just hit on that two hundred ay SMA, but it
- 26:38Speaker 2: was a rally that people can long. If you had
- 26:40Speaker 2: bought in January of twenty two, you could have sold
- 26:43Speaker 2: at some decent profit in March. Same thing happening right now.
- 26:46Speaker 2: That's why I'm saying, in a bullish case, the bottom's
- 26:49Speaker 2: in and we're gonna see new all time highs next.
- 26:51Speaker 2: In a bearish case, the short terms bottom end, and
- 26:54Speaker 2: we're gonna have a nice relief balance according to this
- 26:57Speaker 2: historically great by signal.
- 26:59Speaker 1: Okay, so Tim, let's get into before we cutlas here
- 27:03Speaker 1: the basket you didn't like the basket we had, So
- 27:06Speaker 1: the basket for you, the tam basket of things to
- 27:09Speaker 1: hold as a defense mechanism into twenty twenty six. What
- 27:12Speaker 1: would those be asset wise?
- 27:14Speaker 4: Yeah, deficially the number you're gonna have.
- 27:16Speaker 2: I could probably go as high as eight to ten coins,
- 27:18Speaker 2: but let me stick with maybe the top couple I
- 27:20Speaker 2: would say for sure would be in my basket. Number one,
- 27:24Speaker 2: I'm gonna go with Ethereum. I think Ethereum is one
- 27:26Speaker 2: of the few alt coins seeing a lot of positive fundamentals.
- 27:29Speaker 2: Along with that Solana, right, So both those layer one
- 27:32Speaker 2: solutions I would go with in my bag. You guys
- 27:35Speaker 2: know how I feel about shame Link. I think chain
- 27:37Speaker 2: link is gonna win no matter what cryptos win. If
- 27:39Speaker 2: crypto does well in the future, chain link will do well.
- 27:42Speaker 2: So I'm gonna start with those top three. Once you
- 27:45Speaker 2: start to expand out of those top three, there's a
- 27:47Speaker 2: lot of conversations that could be had. For example, I
- 27:50Speaker 2: could say XRP, and there's fundamental needs to say XRP.
- 27:53Speaker 2: But you know, one of my biggest reasons say XRP
- 27:55Speaker 2: is because I think that Tradfi is going to be
- 27:57Speaker 2: one of the biggest injectors liquidity into this market. And
- 28:02Speaker 2: every time I come into contact with a friend of
- 28:03Speaker 2: mine who trades trad Fi, not crypto. The first crypto
- 28:07Speaker 2: they asked me about, not Ethereum or Solana. They've never
- 28:09Speaker 2: heard of chain link. They asked me about XRP, so
- 28:12Speaker 2: I think XRP could easily make its way into that
- 28:14Speaker 2: bag as well, and then of course you have some
- 28:15Speaker 2: other options. I still think SHOUI as potential. I think
- 28:19Speaker 2: that Ondo as bad as the chart looks, I think
- 28:21Speaker 2: fundamentally Ondo's up there as well. And then I have Aaro, Tao,
- 28:25Speaker 2: Avax and a handful of others. But if I was
- 28:27Speaker 2: to focus on this top three to four ethereum, Salona Shameley,
- 28:31Speaker 2: XRP would be in that top group.
- 28:34Speaker 1: Very nice, very nice.
- 28:35Speaker 4: Listen.
- 28:36Speaker 1: I won't talk to you before Christmas, so Merry Christmas, Tim,
- 28:38Speaker 1: you and your family, and again, thanks so much for
- 28:42Speaker 1: coming in on the show today.
- 28:43Speaker 4: We appreciate it absolutely Thanks for having me, Paul. You
- 28:46Speaker 4: bet all right.
- 28:46Speaker 1: You guys know what to do. Make sure and join
- 28:49Speaker 1: our own private member group. You can do that by
- 28:51Speaker 1: just clicking the link down below. It's absolutely free, and
- 28:54Speaker 1: we drop additional research. I do a couple of emails
- 28:57Speaker 1: there each week. It all comes to you, and of
- 28:59Speaker 1: course you can follow me out there on ex at
- 29:01Speaker 1: Paul Baron. We'll catch you next time right here on
- 29:03Speaker 1: the Paul Baron Show.