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Bitcoin Treasury Hype Dead or Early?🔥Ethereum Enterprise Wave Next · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today we're going to break into the bitcoin treasury narrative
• 0:08
  Speaker 1: and how this is going.
• 0:09
  Speaker 2: To play out.
• 0:10
  Speaker 1: Is it starting to near it's in. We'll break it down.
• 0:13
  Speaker 1: My name is WEELBERA. Welcome back in a tech path.
• 0:14
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• 0:40
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• 0:41
  Speaker 1: Let's go over to a couple of points I want
• 0:43
  Speaker 1: to start with here, and this is a line list
• 0:46
  Speaker 1: of all the companies that hold bitcoin in their treasury.
• 0:50
  Speaker 1: No not I guess it's probably not all, but it's
• 0:52
  Speaker 1: the companies that are most noted. And these are the
• 0:55
  Speaker 1: top public bitcoin treasury companies. And you can see micro
• 0:57
  Speaker 1: Strategy right there in the top there, of course is
• 1:00
  Speaker 1: Mara Holdings, a minor, and then of course you've got
• 1:04
  Speaker 1: twenty one Riot Path Platforms Galaxy and you can kind
• 1:08
  Speaker 1: of see then you've got pro Cap GameStop all of
• 1:10
  Speaker 1: that starting to line up. And remember Papliano's group that
• 1:14
  Speaker 1: has just recently started to go in this point being
• 1:17
  Speaker 1: is there isn't anybody on here that is a household
• 1:21
  Speaker 1: name just yet. So the question is is why isn't
• 1:24
  Speaker 1: there Why aren't we seeing companies that are like the
• 1:27
  Speaker 1: mag seven or even major s and P five hundred
• 1:30
  Speaker 1: that would be going in this direction. I want to
• 1:32
  Speaker 1: go in and play a clip of Kathy Wood explaining that.
• 1:36
  Speaker 2: Take a look.
• 1:38
  Speaker 3: As as an investor, I get a lot of advisors
• 1:42
  Speaker 3: asking what do you think about micro strategy here? You know,
• 1:45
  Speaker 3: is this our way, our leverage way to play bitcoin?
• 1:49
  Speaker 3: And it is very hard for me to say yes,
• 1:52
  Speaker 3: you should, because I you know, anyone who had the
• 1:55
  Speaker 3: experience with GBTC knows that premia can go it discounts certainly,
• 2:02
  Speaker 3: as more and more companies add bitcoin to their balance sheets,
• 2:07
  Speaker 3: microstrategies premium should go away.
• 2:11
  Speaker 1: That is a huge statement by Kathy Woods stating that
• 2:14
  Speaker 1: microstrategies premium could go away here and based on what
• 2:17
  Speaker 1: we've seen in the history of where bitcoin is played
• 2:20
  Speaker 1: in this from the ETF side, it's an interesting narrative
• 2:23
  Speaker 1: that I think might be picking up some steam. You
• 2:25
  Speaker 1: have to also look at the position of ethereum, which
• 2:29
  Speaker 1: is just now starting to enter that narrative, meaning ethereum
• 2:34
  Speaker 1: as a treasury position. One point I want to look
• 2:37
  Speaker 1: at is, of course, what's holding it back. Well, much
• 2:40
  Speaker 1: of it is being as you guys know, there's these
• 2:42
  Speaker 1: factions within crypto right now. It still exists out there,
• 2:46
  Speaker 1: and there are a lot of Bitcoin maxis that do
• 2:48
  Speaker 1: not necessarily win if Ethereum wins, or at least that's
• 2:52
  Speaker 1: their belief. Institutions, though, are the ones that are probably
• 2:56
  Speaker 1: going to be the ones that start to adapt into
• 2:59
  Speaker 1: the next generation of crypto. I believe that's probably going
• 3:01
  Speaker 1: to be in the ethereum camp more so than most.
• 3:05
  Speaker 1: One other thing I want to get at is what
• 3:07
  Speaker 1: are the companies that are starting to move in this direction.
• 3:09
  Speaker 2: Well, here's a good example.
• 3:10
  Speaker 1: This is a bit Digital, which was a former bitcoin
• 3:13
  Speaker 1: company that is doing a strategic transition to become a
• 3:16
  Speaker 1: pure play ethereum staking and treasury company.
• 3:19
  Speaker 2: This I think might be.
• 3:21
  Speaker 1: The very beginning of that tsunami, and as we start
• 3:24
  Speaker 1: to see ETH playing into this meaning as a treasury
• 3:28
  Speaker 1: position could get very interesting with the market. I want
• 3:32
  Speaker 1: to go to a clip here because this is getting
• 3:33
  Speaker 1: into the btcs. This is an interesting clip and I'll
• 3:37
  Speaker 1: explain a little bit more about this right after.
• 3:39
  Speaker 2: But this is a former bitcoin minor moving into eth.
• 3:43
  Speaker 2: Take a look money.
• 3:44
  Speaker 4: We actually started as a bitcoin minor, so twenty fourteen
• 3:47
  Speaker 4: we were the first public company of mind bitcoin. You know,
• 3:49
  Speaker 4: she's not a great business, right basically exeter all or
• 3:52
  Speaker 4: bitcoin and went full in on the theorym.
• 3:54
  Speaker 5: I think it was the end of twenty twenty we
• 3:56
  Speaker 5: started staking.
• 3:57
  Speaker 4: We have no liabilities, no depreciating assets with machines, and
• 4:01
  Speaker 4: we generate revenue from running those valuator notes. So we
• 4:06
  Speaker 4: don't really compete with an ETI right like an ETF,
• 4:08
  Speaker 4: even if they add staking revenue is not.
• 4:10
  Speaker 5: Doing what we're doing.
• 4:10
  Speaker 4: They're not block building, you know, to buy and hold
• 4:13
  Speaker 4: strategy if you want growth exposure within the network.
• 4:17
  Speaker 5: Right now, we're the only game in talent in public markets,
• 4:20
  Speaker 5: which I think is pretty cool. The downside of that
• 4:22
  Speaker 5: is nobody understands what we're doing.
• 4:25
  Speaker 2: All right.
• 4:25
  Speaker 1: So that is unfortunately the truth right now because it's
• 4:28
  Speaker 1: very early stage. But listen, if you guys are following markets,
• 4:32
  Speaker 1: you followed the trends in technology, the trends and mold,
• 4:35
  Speaker 1: the trends in AI, the trends and blockchain, you know
• 4:38
  Speaker 1: that the early days is when these great opportunities start
• 4:41
  Speaker 1: to rise. And I think maybe they're onto something here here,
• 4:44
  Speaker 1: of course, is a Nasdaq traded BTCS. They acquired one
• 4:48
  Speaker 1: thousand eh granted that's only two and a half million
• 4:50
  Speaker 1: worth that is done, even done through borrowing on ave,
• 4:54
  Speaker 1: but they are starting to.
• 4:55
  Speaker 2: Go into this.
• 4:55
  Speaker 1: What was interesting to me is that it was with
• 4:58
  Speaker 1: zero dilution to their share, and that's interesting because they're
• 5:01
  Speaker 1: generating that out of the value of what the network
• 5:05
  Speaker 1: generates obviously yield, etc. Poibing is that when we had
• 5:09
  Speaker 1: Charles on that was the guy that was on the
• 5:11
  Speaker 1: clip right there, almost four years ago, BTCS they were
• 5:15
  Speaker 1: in a process of kind of not necessarily seeing the future,
• 5:19
  Speaker 1: but they had some ideas of where treasuries would be going.
• 5:22
  Speaker 1: It's interesting to see them here at this phase now
• 5:26
  Speaker 1: further into this.
• 5:27
  Speaker 2: Remember last year.
• 5:28
  Speaker 1: Matthew Siegel hit on this this of course, coming in
• 5:31
  Speaker 1: from van X sounds to me like Microsoft is open
• 5:33
  Speaker 1: to an ether ETF as long as they can collect
• 5:36
  Speaker 1: staking income. So remember this is before we saw regulation
• 5:41
  Speaker 1: starting to unleash, before we saw the opportunity of possibly
• 5:45
  Speaker 1: staking being.
• 5:46
  Speaker 2: Available to ETFs. All of that.
• 5:48
  Speaker 1: Remember all that happened last December in the middle of
• 5:51
  Speaker 1: a bull run, and the opportunities around some of the
• 5:54
  Speaker 1: biggest companies in tech that could be going this direction.
• 5:57
  Speaker 1: Just to give you an example of that, the Ethereum
• 5:59
  Speaker 1: all Alliance, this was pretty much created by Microsoft. Let
• 6:03
  Speaker 1: me show you something, guys. You're going to see a
• 6:05
  Speaker 1: lot of the main stays within this. So as you
• 6:08
  Speaker 1: look further down, they are on the EEA board. These
• 6:12
  Speaker 1: are Fortune five hundreds right there, Microsoft, Consensus, Connecxus obviously
• 6:16
  Speaker 1: with JP Morgan point being is that they are all.
• 6:19
  Speaker 2: In on eight.
• 6:20
  Speaker 1: So if we start to see this idea of eth
• 6:24
  Speaker 1: on treasury, now you've got a completely different lineup of
• 6:28
  Speaker 1: companies that could be going in that direction. That's what
• 6:31
  Speaker 1: I think is why we will see potentially the end
• 6:34
  Speaker 1: of the narrative of where Bitcoin on a treasury may
• 6:38
  Speaker 1: be starting to win.
• 6:39
  Speaker 6: Now.
• 6:39
  Speaker 1: I know it's very early in that process because a
• 6:41
  Speaker 1: lot of people may say Bitcoin is going to be winning,
• 6:43
  Speaker 1: and it's because of that you kind of just follow
• 6:46
  Speaker 1: the crumbs. Guys, look at where the big players are going.
• 6:50
  Speaker 1: Here's sound Pachai's eleven year old son. He's even mining eth.
• 6:54
  Speaker 1: And this is kind of interesting because you look at
• 6:57
  Speaker 1: the next generation. Where are they going. Are they going
• 7:00
  Speaker 1: into web three and ethereum land or are they playing
• 7:03
  Speaker 1: in bitcoin world? Right now, I've got under twelves and
• 7:07
  Speaker 1: they're all invested in non bitcoin related projects. So be
• 7:11
  Speaker 1: looking at that because that, I think is really when
• 7:14
  Speaker 1: you get into the future of where crypto is heading.
• 7:16
  Speaker 1: The other thing that has to compare if anybody would
• 7:19
  Speaker 1: be concerned about I think, especially from bitcoin standpoint, is.
• 7:22
  Speaker 2: Really tether gold.
• 7:24
  Speaker 1: And that is because we're dealing with the same kind
• 7:27
  Speaker 1: of situation where we start to see gold as the
• 7:30
  Speaker 1: narrative going forward. And if you are winning the the
• 7:34
  Speaker 1: battle of let's say traditional finance, traditional finance does understand gold,
• 7:40
  Speaker 1: they may not necessarily understand bitcoin. And if we start
• 7:44
  Speaker 1: to see the movement of gold and bitcoin kind of
• 7:47
  Speaker 1: going in the same direction, it's very possible we could
• 7:50
  Speaker 1: see xaut starting to be playing a bigger role in
• 7:55
  Speaker 1: the future. All right, So I want to go to
• 7:57
  Speaker 1: a clip by Kramer and he's talking about Apple.
• 8:00
  Speaker 2: I'll explain a little bit more after.
• 8:01
  Speaker 1: Take a look, Jim, I want to talk Apple because
• 8:04
  Speaker 1: we didn't mention it yesterday.
• 8:06
  Speaker 3: Yeah, and I can see how sad you're getting.
• 8:09
  Speaker 5: But look at your face, the pain.
• 8:10
  Speaker 6: Why but the seventeen may not be selling that Well,
• 8:13
  Speaker 6: we've got a president I don't want to say ridicule,
• 8:16
  Speaker 6: but had some sport with Tim Cook, who is maybe
• 8:19
  Speaker 6: one of the greatest of not the greatest exective of
• 8:21
  Speaker 6: our time.
• 8:21
  Speaker 5: I didn't like that.
• 8:22
  Speaker 6: And he does not have an AI strategy. Talking about
• 8:25
  Speaker 6: Tim Cook, and I wanted him to buy Perplexity a
• 8:27
  Speaker 6: month ago because it's simply non participat But what they
• 8:30
  Speaker 6: do buy, and the significantly got me down, is they
• 8:32
  Speaker 6: just keep buying their own stock. And I think that
• 8:34
  Speaker 6: from one look at the stock that's not working. It's
• 8:38
  Speaker 6: not working anymore. Yeah, you know, David, it's also the
• 8:40
  Speaker 6: twenty eight times Ares. Is that twenty times ares twenty two?
• 8:45
  Speaker 2: Now?
• 8:45
  Speaker 6: I think Apple, you know, I think is the greatest
• 8:48
  Speaker 6: company on earth.
• 8:50
  Speaker 1: Not the Come on, really, I mean, I know you're
• 8:53
  Speaker 1: hyperpley knows no bounds.
• 8:54
  Speaker 6: But really, okay, I do think in vidiots the in
• 8:57
  Speaker 6: vidio is the greatest.
• 8:58
  Speaker 5: I've very seen.
• 8:59
  Speaker 6: This makes the greatest product order, Yeah, okay, And as
• 9:02
  Speaker 6: long as they do that, I'm going to stick with
• 9:03
  Speaker 6: it for my child.
• 9:04
  Speaker 1: Even though when I cure you talking and you talk
• 9:06
  Speaker 1: about a lot of challenges.
• 9:08
  Speaker 6: I am going to support that company.
• 9:10
  Speaker 5: Okay, you support it?
• 9:13
  Speaker 1: And when would you start to question whether they have
• 9:15
  Speaker 1: the greatest product in the world.
• 9:16
  Speaker 6: And when Samsung takes some share away from them and
• 9:19
  Speaker 6: I will, then I will change. But I don't believe that.
• 9:23
  Speaker 6: But that's when I have to change my view. Yeah,
• 9:26
  Speaker 6: right now, I can't change my view with.
• 9:28
  Speaker 1: Okay, all right, So guys, you know, I grew up
• 9:31
  Speaker 1: in Silicon Valley. I worked for Microsoft, and at that
• 9:34
  Speaker 1: time when I started to shift out of that, I
• 9:36
  Speaker 1: saw the writing on the wall, and that was that
• 9:38
  Speaker 1: Apple would take control of the market, and they did.
• 9:40
  Speaker 1: For seventeen years. They've pretty much dominated the tech market.
• 9:44
  Speaker 1: That I think, though, has come to an end, and
• 9:47
  Speaker 1: Kramer hasn't just face it yet. I think we are
• 9:49
  Speaker 1: in a state right now where market shift and market
• 9:52
  Speaker 1: share is starting to happen if you just look at
• 9:54
  Speaker 1: Samsung right now, most shipments in twenty twenty five. Now,
• 9:57
  Speaker 1: granted this has happened a couple of times before, but
• 10:00
  Speaker 1: notice right there, Samsung taking share in twenty twenty five
• 10:04
  Speaker 1: versus Apple.
• 10:06
  Speaker 2: I'm an Apple guy.
• 10:07
  Speaker 1: I like the ecosystem, but I have started to transition
• 10:11
  Speaker 1: out of Apple ecosystem over the last year because I
• 10:13
  Speaker 1: think the writing is on the wall. They are not
• 10:15
  Speaker 1: invested in AI, they are not invested in the future
• 10:18
  Speaker 1: of blockchain, and I think they are going to be
• 10:20
  Speaker 1: a company that continues the track of just being a
• 10:23
  Speaker 1: cash con most likely. Now everybody will argue, well, wait, Paul,
• 10:26
  Speaker 1: their AirPod business is outpacing that of open Ai by
• 10:30
  Speaker 1: three to one.
• 10:31
  Speaker 2: I get it.
• 10:32
  Speaker 1: But the point is you have to look to the future,
• 10:35
  Speaker 1: and I think that's where these new investors are starting
• 10:38
  Speaker 1: to look.
• 10:38
  Speaker 2: Apples in trouble. Just watch it.
• 10:41
  Speaker 1: So when you think about the Apple of yesterday and
• 10:46
  Speaker 1: dominating the app store, really dominating the use case, dominating
• 10:51
  Speaker 1: the Internet, creating Apple Pay, all the things that they've
• 10:53
  Speaker 1: done over the last almost twenty years, now you have
• 10:57
  Speaker 1: to look to the future, and I think that's what
• 10:59
  Speaker 1: you have to compare to eth is going to be
• 11:01
  Speaker 1: the new app store of the next generation Internet that's
• 11:04
  Speaker 1: going to be controlled by cryptocurrency and the way we transact.
• 11:08
  Speaker 2: And some of the.
• 11:09
  Speaker 1: Leaders out there are guys like Marcus Browne. He's been,
• 11:11
  Speaker 1: of course a huge Apple fan boy, and now maybe
• 11:15
  Speaker 1: he might actually come over to the light side. Here's
• 11:18
  Speaker 1: Jessic Pollack kind of hitting on it. I think you'd
• 11:20
  Speaker 1: be excited about how far we'd come and the new
• 11:22
  Speaker 1: creator economy. Key here, creator economy we are building on base.
• 11:26
  Speaker 1: Let me know if you're down to chat interesting statements,
• 11:29
  Speaker 1: because this is the future going forward.
• 11:31
  Speaker 2: Guys, listen.
• 11:32
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• 11:34
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• 11:36
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• 11:39
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