Latest / The Paul Barron Crypto Show / Crypto Market Recovering🚀Time To Buy?

Transcript

Crypto Market Recovering🚀Time To Buy? · The Paul Barron Crypto Show

• 0:05
  Speaker 1: It's my name is Paubara. Welcome back in a tech path.
• 0:07
  Speaker 1: I want to thank our sponsor today and that is coinbase.
• 0:10
  Speaker 1: If you guys are looking to get into crypto, maybe
• 0:12
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• 0:20
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• 0:22
  Speaker 1: crypto to get started. That's the cool part of doing that.
• 0:25
  Speaker 1: Then you can take it over, put it in self custody,
• 0:27
  Speaker 1: all those kind of cool things within crypto. Let's get
• 0:30
  Speaker 1: into it today. I want to go, of course, over
• 0:32
  Speaker 1: to the first scenario, and that is President elect Trump's
• 0:36
  Speaker 1: New York Stock Exchange opening bell after named after it
• 0:40
  Speaker 1: was named Times Person of the Year. So good news
• 0:43
  Speaker 1: is that we continue to see positive I think scenarios
• 0:46
  Speaker 1: that are playing out within the Trump administration for crypto,
• 0:49
  Speaker 1: and we'll get into some of that. I want to
• 0:51
  Speaker 1: go to a clip real quick. This clip is actually
• 0:54
  Speaker 1: Kramer talking to Trump about crypto. Take a look.
• 0:58
  Speaker 2: You're embrasied in crypto, very different from the previous administration.
• 1:01
  Speaker 2: Strategic patroleum reserve like for crypto.
• 1:04
  Speaker 3: Yeah, I think.
• 1:05
  Speaker 2: So we're going to do something great with crypto because
• 1:07
  Speaker 2: we don't want China or anybody else, not just China,
• 1:10
  Speaker 2: but others are embracing it, and we want to be
• 1:12
  Speaker 2: the head. We're going to be ahead of AI. We're
• 1:14
  Speaker 2: going to be way ahead of AI. And we've got
• 1:17
  Speaker 2: to produce tremendous amounts of electricity.
• 1:19
  Speaker 4: You know that.
• 1:19
  Speaker 2: It's unbelievable when you think that we need more than
• 1:23
  Speaker 2: twice what we already have if you think that's pretty
• 1:26
  Speaker 2: for a specific industry. But we'll be able to do it.
• 1:29
  Speaker 2: We have Lee Zelden in charge of the environment. He's
• 1:32
  Speaker 2: going to be given us very strong approvals, I think,
• 1:35
  Speaker 2: and he's going to make sure everything's good and clean
• 1:37
  Speaker 2: and proper. But he's going to give us very fast
• 1:40
  Speaker 2: approvals natural.
• 1:41
  Speaker 1: GISs all right, So some things to remember there, of course,
• 1:44
  Speaker 1: is a lot around the Bitcoin Strategic Reserve. Also, remember
• 1:47
  Speaker 1: he placed David Sachs as the Crypto and AIS are.
• 1:51
  Speaker 1: I think that will be a benefit to a certain extent.
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  Speaker 1: Understands a lot about digital assets and has been involved before.
• 1:57
  Speaker 1: So all that good news. Here's Eric mal Soon is
• 2:00
  Speaker 1: coming in with a new report from Blackrock saying that
• 2:02
  Speaker 1: it's recommending up to two percent exposure on bitcoin. That
• 2:06
  Speaker 1: would be huge because of the amount of money that
• 2:08
  Speaker 1: is still setting over there on the sidelines or maybe
• 2:11
  Speaker 1: still in reserve, just not sure if they should go
• 2:13
  Speaker 1: into digital assets. A two percent push from Blackrock is
• 2:17
  Speaker 1: a pretty big deal. Further into that, you've got taxes
• 2:20
  Speaker 1: coming in now saying they're going to consider a strategic
• 2:23
  Speaker 1: bitcoin reserve through taxes and fees. This is a big
• 2:26
  Speaker 1: deal because it's one of the biggest potential mining states
• 2:29
  Speaker 1: out there in the United States, and with this in
• 2:32
  Speaker 1: conjunction to what the US government is going to be doing,
• 2:35
  Speaker 1: this could be good for Texas. So we're going to
• 2:37
  Speaker 1: be watching that one to see how this plays out.
• 2:40
  Speaker 1: One thing I just want to kind of put out there.
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  Speaker 1: This came from the Coin Daily boys saying that Donald
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  Speaker 1: Trump is owning more ethereum th bitcoin right now, and
• 2:49
  Speaker 1: we've looked at the wallets, we kind of get it. Yes,
• 2:51
  Speaker 1: we've seen that, and of course if you look at
• 2:52
  Speaker 1: the NFT collections, he has definitely had that. I want
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  Speaker 1: to go to a clip real quick because this will
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  Speaker 1: get into a little bit more around what Tom Lee
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  Speaker 1: is thinking twenty five, twenty four and twenty five might
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  Speaker 1: look like for expectations. Take a look.
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  Speaker 4: Should we be surprised at this resurgence, this melt up,
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  Speaker 4: and it's maybe caught some people by surprise. I think
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  Speaker 4: investors should realize twenty twenty four has been a year
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  Speaker 4: of surprising strength. The market has avoided so many opportunities
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  Speaker 4: for weakness, and now we're entering the final weeks of
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  Speaker 4: the year where we know there's still seven trying to
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  Speaker 4: cash on the sidelines and quite good visibility in the
• 3:31
  Speaker 4: next year. So I think stock should finish very strong.
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  Speaker 4: The CPI print today allows people to imagine a path
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  Speaker 4: to two percent.
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  Speaker 3: All right, so Fed's cut next week, yes, your base case?
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  Speaker 2: Yes?
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  Speaker 1: And then what happens after that?
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  Speaker 3: All bets are off? Wait and see what do you think?
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  Speaker 4: I think the FED put remains in play because neutral
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  Speaker 4: is let's say two and a half to three percent.
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  Speaker 4: We're at force five after the December cut, so we
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  Speaker 4: know the Fed's in a cutting cycle. I actually think
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  Speaker 4: the best case is for the FED to do the
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  Speaker 4: fewest number of cuts next year.
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  Speaker 1: That means the economy is pretty strong.
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  Speaker 4: That's right, it's strong. They don't. They're not harming the
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  Speaker 4: economy by keeping rates here, and the labor market is
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  Speaker 4: holding up, and now we have a lot of firepower
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  Speaker 4: for future cuts which support stock all.
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  Speaker 1: Right, So a few things he said there is the
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  Speaker 1: imagine a path to two percent. What he's talking about
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  Speaker 1: there is inflation with the fact that CPI came in
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  Speaker 1: at least what was expected this week. And I think
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  Speaker 1: as he is stating, and I would agree, is that
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  Speaker 1: we are going to get a quarter basis points cut
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  Speaker 1: here this next week. That will be very positive for
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  Speaker 1: markets going in. The slowdown coming from the Fed for
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  Speaker 1: twenty five will be very dependent on how the market
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  Speaker 1: shows out for twenty twenty five, and that will include
• 4:44
  Speaker 1: tech stocks as well as what's happening here in the
• 4:46
  Speaker 1: crypto markets. Bullish report right here a US spot ethereum
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  Speaker 1: ETFs now have seen inflows for thirteen trading days in
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  Speaker 1: a row. So that's the total inflow during that streak,
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  Speaker 1: our ow over one point ninety five billion.
• 5:02
  Speaker 2: Guys.
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  Speaker 1: That's a pretty very bullish statement right now when it
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  Speaker 1: comes to e theorem, and really kind of about time,
• 5:08
  Speaker 1: because everybody's had been expecting this much earlier than what
• 5:12
  Speaker 1: we of course have seen if you look at Matthew Siegel,
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  Speaker 1: he's coming in and stating the point around Microsoft and
• 5:17
  Speaker 1: what he's talking about here is it sounds like Microsoft
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  Speaker 1: is open to an ETHTF as long as they can
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  Speaker 1: collect some staking income. This is coming in from Amy Hood,
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  Speaker 1: who is the EVP over at the at Microsoft chief
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  Speaker 1: financial officer, And there was a few things that they
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  Speaker 1: talked about about accepting cryptocurrency. They were early leaders. But
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  Speaker 1: there's a couple of points down here in the statement.
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  Speaker 1: Liquidity is also a really important criteria as well as
• 5:42
  Speaker 1: generating income. That probably to me is the point that
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  Speaker 1: Siegel is making around potentially getting yields out of an ETF.
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  Speaker 1: That will be a big one for sure. Remember that
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  Speaker 1: Microsoft was considering a well, I shouldn't say considering. The
• 5:59
  Speaker 1: proposal was being made to Microsoft. This was Proposal five
• 6:03
  Speaker 1: assessment of an of investing in bitcoin. This was a
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  Speaker 1: shareholder proposal, and of course it didn't get much push.
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  Speaker 1: In fact, it was a very very low percentage, so
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  Speaker 1: it wasn't even anything really that was I think a
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  Speaker 1: legitimate potential. And we started digging into how did this happen,
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  Speaker 1: how did the process get into the board of Microsoft
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  Speaker 1: to be able to propose bitcoin as a strategic asset
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  Speaker 1: or at least to be held on the balance sheet.
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  Speaker 1: And if you look at some of the people that
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  Speaker 1: have been out there, this is one of the companies
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  Speaker 1: called National Center for Public Policy Research. These are the
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  Speaker 1: guys that essentially made the connection between micro Strategy, Sailor
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  Speaker 1: and what was happening over on Microsoft. So I think
• 6:47
  Speaker 1: it's interesting to look at Ethan Peck, I think was
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  Speaker 1: the guy that was in this one video. I want
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  Speaker 1: to go and show a clip here because this could
• 6:54
  Speaker 1: be the catalyst of why we saw a bit of
• 6:56
  Speaker 1: a downturn. Take a look at this.
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  Speaker 3: He came up with that idea to try to you know,
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  Speaker 3: get in front of Satia one on one. That didn't
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  Speaker 3: work because they were, you know, they really didn't want
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  Speaker 3: to negotiate at all, and they're being very stubborn. Recently
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  Speaker 3: revealed I offered to withdraw the proposal if they meet,
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  Speaker 3: if Satia and Adella meets with Sailor directly in person,
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  Speaker 3: they still wouldn't do it. I spoke to black Rock
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  Speaker 3: and they didn't want to negotiate. I offered, you know,
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  Speaker 3: for them to buy less than one percent I offered
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  Speaker 3: for them to withdraw the proposal. What they told me
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  Speaker 3: Microsoft when I spoke to them was what they put
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  Speaker 3: in the proxy statement. We've already analyzed investing in crypto.
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  Speaker 3: They said crypto, not bitcoin. I offered a number of things,
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  Speaker 3: and they just didn't want to hear it. Putting them
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  Speaker 3: on the spot still has an effect. Shout out to
• 7:45
  Speaker 3: all bitcoiners. What bitcoiners have already done to make this
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  Speaker 3: a viral thing and put Microsoft in the spot and
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  Speaker 3: make it very known that Microsoft's about to fumble bad.
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  Speaker 3: That's effective on every other company. What we think and
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  Speaker 3: what we fully intend is that a lot of companies
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  Speaker 3: need to be sued and we're working in that direction
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  Speaker 3: as well.
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  Speaker 1: Okay, so man, some interesting statements here on this with
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  Speaker 1: the proposal into Microsoft, because remember these are publicly traded companies.
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  Speaker 1: They're in a position where they have a fiduciary responsibilities
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  Speaker 1: to shareholders and stakeholders. On another note, you know, based
• 8:27
  Speaker 1: on the lobbying group, is this was interesting how this
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  Speaker 1: actually came about because you would think, I think for
• 8:34
  Speaker 1: most people, they probably thought that maybe Microsoft was interested
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  Speaker 1: in putting you know, crypto bitcoin the on the balance sheet,
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  Speaker 1: and in fact I think it was the opposite. I
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  Speaker 1: think it was a lobby to try to get this attention,
• 8:46
  Speaker 1: and of course putting micro strategy in the front really
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  Speaker 1: to kind of present the case was their strategy, though
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  Speaker 1: it did not work, and I think maybe you know,
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  Speaker 1: in reality, it's kind of like guerrilla marketing. I think
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  Speaker 1: there's a lot of companies out there that kind of
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  Speaker 1: do that. He even mentioned that statement about this being
• 9:01
  Speaker 1: somewhat viral and everybody talking about this, especially with bitcoiners,
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  Speaker 1: but not really a good look I think overall for
• 9:09
  Speaker 1: the market. But at the same time, I'm still very
• 9:12
  Speaker 1: bullish of how this may play out. Other things to
• 9:14
  Speaker 1: take a look at, of course, is tether. Tether is
• 9:18
  Speaker 1: now getting delisted in Europe, so all in alignment with
• 9:22
  Speaker 1: what's happening in Mica, and this will happen on the
• 9:25
  Speaker 1: thirteenth of December, so just around the corner we will
• 9:27
  Speaker 1: see now the MECA regulations starting to go into effect.
• 9:30
  Speaker 1: We'll see a lot more exchanges that will do the
• 9:32
  Speaker 1: same thing. So Tether is essentially not going to be
• 9:35
  Speaker 1: available there at USDC and EURC will remain unaffected, so
• 9:40
  Speaker 1: that will be the primary trading pairs out there, and
• 9:42
  Speaker 1: I anticipate we'll probably see some others as well that
• 9:45
  Speaker 1: we'll start to flow into that other things that are
• 9:48
  Speaker 1: happening out here. Tether minted almost a billion right here
• 9:52
  Speaker 1: in terms of on eighth, So this is bullish for
• 9:54
  Speaker 1: eth in essence, But again, I think this is one
• 9:57
  Speaker 1: of the market trends that we're seeing in an upside.
• 9:59
  Speaker 1: Remember we're at almost what three point six trillion right now?
• 10:02
  Speaker 1: Could we hit four trillion in market cap of the
• 10:05
  Speaker 1: entire crypto market by the end of the year. Let
• 10:07
  Speaker 1: me know what you guys think. Drop some comments down below.
• 10:11
  Speaker 1: Further news out here, Securitize has hired somebody new and
• 10:15
  Speaker 1: that is Michael Shawnesson, who is former Grayscale. You guys
• 10:19
  Speaker 1: probably remember he was the former CEO of Greyscale Investments,
• 10:23
  Speaker 1: but now he is stepping in as the chief operating
• 10:26
  Speaker 1: officer at Securitize. I'm not sure I'm a big believer
• 10:30
  Speaker 1: in this move, but you know, I get that this
• 10:33
  Speaker 1: is one of those things. I think that the industry
• 10:35
  Speaker 1: is looking for executives like this. But maybe we'll get
• 10:38
  Speaker 1: the securitized guys on to explain a little bit more
• 10:41
  Speaker 1: about this. I don't know, I wouldn't have picked that guy.
• 10:45
  Speaker 1: Further into this, Avalanche is out there raising money. Two
• 10:47
  Speaker 1: hundred and fifty mili have locked a token sale led
• 10:50
  Speaker 1: by Galaxy Digital, also Dragonfly and Parafy Capital. This just
• 10:54
  Speaker 1: simply means we've got, you know, capital coming back in.
• 10:58
  Speaker 1: It looks like we might have private EQUI and VC
• 11:01
  Speaker 1: starting to move into the space again. Interesting timing though here,
• 11:04
  Speaker 1: because I felt like this should have been done maybe
• 11:07
  Speaker 1: sixty ninety days ago, because we're really getting into a
• 11:10
  Speaker 1: heated market now. Maybe some things that are starting to
• 11:13
  Speaker 1: go into alignment here with real world assets and also
• 11:16
  Speaker 1: with what Avalanche is doing with their retro nine thousand,
• 11:19
  Speaker 1: which is really kind of building an evolution of new developers.
• 11:23
  Speaker 1: Solana has now surpassed Ethereum as the fastest growing crypto
• 11:27
  Speaker 1: ecosystem in terms of new developers. I was just on
• 11:30
  Speaker 1: the other day with one of the i think one
• 11:32
  Speaker 1: of the top ethvs and this was a statement that
• 11:36
  Speaker 1: we kind of went back in on, and my position
• 11:38
  Speaker 1: was is that you chains like Solana and others would
• 11:42
  Speaker 1: have the ability to draw in a lot of new developers,
• 11:44
  Speaker 1: and in fact they have been able to do that.
• 11:47
  Speaker 1: So I don't know if I necessarily agree with that.
• 11:50
  Speaker 1: If you look at the quick take, thirty nine thousand
• 11:52
  Speaker 1: new developers at inner Crypto this year, seventy six hundred
• 11:55
  Speaker 1: built on Solana, eighty three percent jump in year over year.
• 11:58
  Speaker 1: Etherorum remains the top blockchain developer share, which is a
• 12:01
  Speaker 1: statement I was saying, is that you know just the
• 12:04
  Speaker 1: size of the blockchain and the developers needed to maintain it.
• 12:08
  Speaker 1: But Solana now following a close second. So kudos to
• 12:11
  Speaker 1: what's happening out there with Solana. If you look at
• 12:13
  Speaker 1: the chart, you can kind of see the number one
• 12:16
  Speaker 1: ecosystem for new developers in twenty twenty four. Boom, there
• 12:20
  Speaker 1: is Solana Ethereum, and then you can kind of see
• 12:23
  Speaker 1: what's coming upnerneath there, which is icp, aptos base, even
• 12:27
  Speaker 1: Bitcoin and sweet coming in hot. So lots happening in
• 12:31
  Speaker 1: the market for sure. Last up here I want to
• 12:34
  Speaker 1: hit on, and that is the SEC confirmations. Now, one
• 12:37
  Speaker 1: thing that is happening right now is that Caroline Crenshaw
• 12:42
  Speaker 1: may or may not get verified into her position at
• 12:46
  Speaker 1: the SEC. One statement here from Schard Brown. He said, Hey,
• 12:49
  Speaker 1: this is the kind of smear campaigns that have been
• 12:52
  Speaker 1: taking place and this is why I lost, basically. But
• 12:56
  Speaker 1: if you look down here, here's Deton talking about out
• 13:00
  Speaker 1: this Crenshaw literally advocated for ignoring of Court of Appeals
• 13:05
  Speaker 1: that oversees the SEC. That's something you just can't consistently do.
• 13:09
  Speaker 1: And I think that's the thing that he's looking at
• 13:11
  Speaker 1: and saying, of course, she should be not pushed into
• 13:15
  Speaker 1: the chair position again, and I think I shouldn't say
• 13:17
  Speaker 1: the chair position, but the commissioner position again. And if
• 13:21
  Speaker 1: she doesn't get it done here before the break, I
• 13:24
  Speaker 1: don't think she comes back. I think you'll get a
• 13:27
  Speaker 1: new appointment at the SEC, which means that we could
• 13:31
  Speaker 1: have a stacked deck over at the SEC if you
• 13:35
  Speaker 1: think about possibly Crenshaw's replacement, a new chair, And you've
• 13:39
  Speaker 1: got you Ada and Hester Parris, all of which have
• 13:43
  Speaker 1: been i won't say pro digital assets, but they're not
• 13:46
  Speaker 1: out there physically hunting against digital asset companies, which I
• 13:50
  Speaker 1: think is the big one. Other things I want to
• 13:52
  Speaker 1: hit on, of course, if you look at the point
• 13:55
  Speaker 1: here that Eleanor Tarrett was making, is that really this
• 13:58
  Speaker 1: is boiling down to a very very short time frame
• 14:02
  Speaker 1: from the Committees on Appropriations and Budgets for their subcommittees
• 14:06
  Speaker 1: to be able to get this done. So very very
• 14:08
  Speaker 1: close for this happening, We're going to keep an eye
• 14:11
  Speaker 1: on that because it will affect I think the SEC
• 14:13
  Speaker 1: and kind of the strategy for twenty twenty five and
• 14:16
  Speaker 1: a lot of what's going to happen in the markets,
• 14:18
  Speaker 1: I think in general as well, because this will be
• 14:19
  Speaker 1: very pro for companies who are trying to come to
• 14:22
  Speaker 1: market here in the United States. That's the biggest part
• 14:25
  Speaker 1: of this. If you guys are not part of the
• 14:27
  Speaker 1: Diamond Circle, make sure and get in right now. It's
• 14:28
  Speaker 1: a great place to find additional content from us. Also,
• 14:32
  Speaker 1: catch me out there on x at Paul Baron. We'll
• 14:34
  Speaker 1: catch you next time right here on tech Bath