Latest / The Paul Barron Crypto Show / XRP ETF Launches with Extreme Fear!🔥Market Crash Update🔥

Transcript

XRP ETF Launches with Extreme Fear!🔥Market Crash Update🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The xrp ETF has finally launched.
• 0:02
  Speaker 2: The governor shutdown is over, and of course now we're
• 0:05
  Speaker 2: dealing with a market that is in shambles. We'll break
• 0:07
  Speaker 2: it all down for you today, don't miss it. Let's
• 0:10
  Speaker 2: get into it. I do want to thank our sponsor,
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• 0:37
  Speaker 2: So check it out and start your trading programs over
• 0:41
  Speaker 2: on BTCC. We've started to play with this. We kind
• 0:44
  Speaker 2: of like it. Let's go over and take a look
• 0:46
  Speaker 2: at where the market is right now. We are setting
• 0:48
  Speaker 2: at three point three trillion in market cap. Fear and
• 0:52
  Speaker 2: greed holding on at its probably lowest end quite some time.
• 0:56
  Speaker 2: As we start to really start to bump into what
• 1:00
  Speaker 2: could be another extreme fear zone coming in and I
• 1:04
  Speaker 2: think this is a factor right now that we are
• 1:06
  Speaker 2: starting to play into, mainly around FED rate cuts, what
• 1:09
  Speaker 2: that's going to look like going forward. A couple of
• 1:12
  Speaker 2: points that do play into this is five million airline
• 1:16
  Speaker 2: passengers were delayed or canceled. So this has kind of
• 1:18
  Speaker 2: had a pretty big effect on the economy in general.
• 1:21
  Speaker 2: The shutdown, I mean, six hundred and nineteen billion in
• 1:25
  Speaker 2: federal debt has been accrued, and then of course the
• 1:28
  Speaker 2: federal statistical system pretty much permanently damaged. I wonder if
• 1:33
  Speaker 2: the data is even going to be usable coming out
• 1:36
  Speaker 2: of what we're going to see from the government. October
• 1:38
  Speaker 2: jobs and inflation data may never be released, so that
• 1:41
  Speaker 2: is a missed opportunity by the FED just be able
• 1:44
  Speaker 2: to understand where we are in the market and the economy.
• 1:47
  Speaker 2: Forty three days of economic data currently delayed, seven and
• 1:51
  Speaker 2: fifty thousand federal workers fur load. This is a bigger
• 1:54
  Speaker 2: impact on the economy than I think. A lot of
• 1:56
  Speaker 2: people think. This has gone on far too long, and
• 2:00
  Speaker 2: I think it is now starting to show on and
• 2:01
  Speaker 2: we may see trickle effects coming over the next few
• 2:05
  Speaker 2: weeks as we start to see this play out in
• 2:07
  Speaker 2: the markets. Overall, the White House announced that the October
• 2:10
  Speaker 2: Jobs report will be released without an unemployment rate. Convenient,
• 2:16
  Speaker 2: my friend's convenient, no unemployment right for that. Let's go
• 2:21
  Speaker 2: to a clip real quick, because this is where they
• 2:22
  Speaker 2: are opening the government officially.
• 2:24
  Speaker 1: Take a look.
• 2:25
  Speaker 3: For forty three days, the government shutdown is now over
• 2:28
  Speaker 3: longest in history. So that vote last night, you saw
• 2:31
  Speaker 3: all the two House Republicans voting to reopen the government.
• 2:34
  Speaker 3: You saw six Democrats that crossed the aisle to join them.
• 2:37
  Speaker 3: And then, of course, as you're seeing there, Donald Trump
• 2:40
  Speaker 3: signing that bill last night, and the government's already telling
• 2:44
  Speaker 3: furloughed employees to come back to work today. All of
• 2:47
  Speaker 3: them will be getting the paychecks that they have missed
• 2:50
  Speaker 3: in back pay over the next few days. We're also
• 2:52
  Speaker 3: waiting to see exactly what the plan is for federal
• 2:55
  Speaker 3: data because while thing's like the September jobs report that
• 2:58
  Speaker 3: was ready to go before the shut down, but as
• 3:00
  Speaker 3: Becky just mentioned, no one was really collecting the data
• 3:03
  Speaker 3: for the October reports. And on Capitol Hill, the race
• 3:06
  Speaker 3: is now on for lawmakers to see if they can
• 3:09
  Speaker 3: extend those Affordable Care Act premium tax credits before they expire.
• 3:13
  Speaker 3: At the end of the year, and we'll see if
• 3:14
  Speaker 3: they're able to do that and avoid another potential shutdown.
• 3:18
  Speaker 3: On January thirtieth, guys, Emily, they left town again after
• 3:23
  Speaker 3: they voted.
• 3:23
  Speaker 4: They weren't in session for more than fifty days.
• 3:28
  Speaker 3: Yep. But I think Becky, there is really a big
• 3:30
  Speaker 3: question because you saw the Senate in this entire time.
• 3:33
  Speaker 3: You saw them move forward with major defense bills, you
• 3:36
  Speaker 3: saw them make progress on crypto, you saw them move
• 3:38
  Speaker 3: a lot of nominations and some legislation, and I think
• 3:42
  Speaker 3: there's a huge question of like, all right, what are
• 3:44
  Speaker 3: all the things that the House planned to do? And
• 3:46
  Speaker 3: some of the members who were back yesterday they were like, yeah,
• 3:49
  Speaker 3: there are definitely things that we feel are now in
• 3:51
  Speaker 3: the backlog that we're going to have to rush and
• 3:53
  Speaker 3: push to get done. We interested to see if they
• 3:55
  Speaker 3: make some changes for their schedule for the rest of
• 3:57
  Speaker 3: the year to try to get some of those bills.
• 4:01
  Speaker 2: This is crazy, I think when you look at what
• 4:03
  Speaker 2: we've done in terms of a nation and really from
• 4:07
  Speaker 2: a political standpoint, not a good look. I think, well,
• 4:09
  Speaker 2: DC never has a good look, but this makes it
• 4:11
  Speaker 2: even worse. It also slows down what's really brewing, and
• 4:15
  Speaker 2: that is the lack of the Clarity Act coming through,
• 4:18
  Speaker 2: and I think what we might be seeing in the
• 4:19
  Speaker 2: market is maybe forecasting that exact issue is that Clarity
• 4:24
  Speaker 2: may get pushed into twenty twenty six. One thing I
• 4:26
  Speaker 2: want to showcase right here is I'm on the fifteen
• 4:28
  Speaker 2: minute chart for Bitcoin down. That's the Bitcoin chart on
• 4:32
  Speaker 2: the fifteen minute. Guys, this looks extremely suspicious as we
• 4:37
  Speaker 2: start to see these trade mechanisms moving down into at
• 4:41
  Speaker 2: time of recording ninety eight to three on bitcoin, as
• 4:44
  Speaker 2: we get a little bit of a move up and down.
• 4:47
  Speaker 2: This is the kind of thing that I think a
• 4:49
  Speaker 2: lot of people are going to probably be experiencing over
• 4:51
  Speaker 2: the next few weeks, especially if we do see the
• 4:54
  Speaker 2: FED start to waffle a little bit on a potential
• 4:57
  Speaker 2: rate cut. I'll talk about that in a second before
• 5:00
  Speaker 2: do we get into all that. Of course, one of
• 5:01
  Speaker 2: the bigger news items this week and today was that
• 5:05
  Speaker 2: the XRP ETF now began trading in the US with
• 5:08
  Speaker 2: Canary Capital.
• 5:10
  Speaker 1: This is a pretty big deal.
• 5:11
  Speaker 2: These are the dates to watch for that we've just announced,
• 5:13
  Speaker 2: of course, Canary being the first one that launched here
• 5:15
  Speaker 2: on November thirteenth. You've got Franklin Templeton coming in possibly
• 5:19
  Speaker 2: tomorrow or early next week, bit Wise on the nineteenth
• 5:23
  Speaker 2: and the twentieth, and then you get into twenty one shares,
• 5:26
  Speaker 2: coin Shares, Greyscale, Wisdom Tree all coming in later in November.
• 5:30
  Speaker 2: The likelihood of getting more activity on XRP is real.
• 5:34
  Speaker 1: Now.
• 5:35
  Speaker 2: The real question is is how does this sustain with
• 5:37
  Speaker 2: what is happening in the rest of the markets as
• 5:39
  Speaker 2: we flow in through November, especially with what's happening right now.
• 5:44
  Speaker 2: Here's the flows for the Canary XRP ETF opening pretty
• 5:48
  Speaker 2: strong in the first thirty minutes, stabilizing right now. We'll
• 5:52
  Speaker 2: see how this holds up in terms of the Canary
• 5:55
  Speaker 2: capital XRP ETF, which is XRPC if.
• 5:59
  Speaker 1: You guys are trying to track it out there.
• 6:01
  Speaker 2: One thing we will take a look at, probably early
• 6:04
  Speaker 2: next week, is see what the kind of performance is
• 6:06
  Speaker 2: in comparison to BISOL, which was launched by bit Wise. This,
• 6:11
  Speaker 2: of course, was Stephen McClure coming on our show talking
• 6:14
  Speaker 2: about that he thinks that the ETF could do five
• 6:17
  Speaker 2: billion in the first month. Now, you've got to remember
• 6:20
  Speaker 2: in that first thirty days you're going to have five
• 6:22
  Speaker 2: major ETFs launching a lot of institutional capital possibly pushing
• 6:27
  Speaker 2: into it, and the reality is can it hold in
• 6:31
  Speaker 2: a cycle where we may see a lot more volatility
• 6:34
  Speaker 2: comparing that to when the ETFs were launched, when Solana
• 6:38
  Speaker 2: ETF was launched. Those are the kind of things we're
• 6:41
  Speaker 2: watching right now because capital flow will be a critical one.
• 6:44
  Speaker 2: Larry Fink also is asking Black right now. Larry Fink
• 6:48
  Speaker 2: is asking asking Black Rock ETF guys why they didn't
• 6:51
  Speaker 2: file for an XRP ETF yet. And of course now
• 6:53
  Speaker 2: we are looking at possibly seeing even more activity within this.
• 6:59
  Speaker 1: I think one thing.
• 6:59
  Speaker 2: You've got to compared to and this is a good
• 7:02
  Speaker 2: breakdown by Eric Balschunis over at Bloomberg twenty six million volume.
• 7:06
  Speaker 1: First thirty. He says, hey, that's crazy.
• 7:09
  Speaker 2: It's going to blow away the seventeen million guests, which
• 7:12
  Speaker 2: is what he was kind of piggybacking on. Has a
• 7:15
  Speaker 2: good shot of beating Soul out, and that was fifty
• 7:18
  Speaker 2: seven million on its first day. I don't know if
• 7:20
  Speaker 2: it can sustain, but if it can, even at the
• 7:23
  Speaker 2: diminished trading volume that we saw after the opening, it's
• 7:27
  Speaker 2: possible that it could still make a run at BIESOL
• 7:30
  Speaker 2: on its first day one launch, which would be one
• 7:32
  Speaker 2: of the biggest launches.
• 7:34
  Speaker 1: Of the year.
• 7:35
  Speaker 2: Other things, of course playing out here is Matt Hogan
• 7:38
  Speaker 2: his median and open opinion of crypto assets does not
• 7:41
  Speaker 2: determine an ETF success, and this is a good statement.
• 7:45
  Speaker 2: You'd rather have twenty percent of the people love an
• 7:47
  Speaker 2: asset than eighty percent of people kind of vaguely like it,
• 7:51
  Speaker 2: because this is showing I think the XRP army at work,
• 7:56
  Speaker 2: going into whether it's retail or even how they influence
• 7:59
  Speaker 2: institutional capital to say this is one that you should keep,
• 8:03
  Speaker 2: not end up trading in and out. Of course, my
• 8:06
  Speaker 2: tweet right here, This was the calculation that we ran
• 8:09
  Speaker 2: on it over a six and a half hour trading
• 8:11
  Speaker 2: schedule that was based on the first thirty minutes of volume,
• 8:15
  Speaker 2: which was twenty six million.
• 8:17
  Speaker 1: That's where it could go.
• 8:18
  Speaker 2: Now, will it hit that based on a little bit
• 8:21
  Speaker 2: deterred volume later in the day, Probably not in that capacity,
• 8:25
  Speaker 2: but hitting the fifty seven million would be a huge
• 8:28
  Speaker 2: win for XRP. Salana Floor, of course, came in and
• 8:31
  Speaker 2: said ETF data for the first twelve consecutive days Salona
• 8:35
  Speaker 2: ETF's now recorded eighteen million in inflows, while Bitcoin and
• 8:39
  Speaker 2: eight so all combined outflows of four hundred and sixty
• 8:42
  Speaker 2: one million. This pretty big deal because this is cumulative
• 8:46
  Speaker 2: inflows to Salana have now reached three hundred and sixty
• 8:49
  Speaker 2: nine million overall, absolute high performer in terms of ETFs,
• 8:54
  Speaker 2: and I think institutional capital is starting to understand a
• 8:58
  Speaker 2: little bit more about the Salona ecosystem in its power.
• 9:02
  Speaker 2: The bad news side of things is this right here,
• 9:04
  Speaker 2: the chance of a rate cut in December is now
• 9:07
  Speaker 2: falling and it goes to fifty six percent, down from
• 9:10
  Speaker 2: seventy one. We've showed this before on the poly market,
• 9:15
  Speaker 2: and it's been up until we had the opening of
• 9:18
  Speaker 2: Kurt because remember we reported earlier in the week seventy
• 9:20
  Speaker 2: two percent was the holding position of a quarter basis points.
• 9:25
  Speaker 2: And almost every analyst I have talked to, both on
• 9:28
  Speaker 2: air and off, have been pushing to say the twenty
• 9:32
  Speaker 2: five is most likely going to happen. But yet what
• 9:35
  Speaker 2: we're seeing on poly market is a drastic recruit reduction
• 9:39
  Speaker 2: down to fifty two percent probability and the no change
• 9:43
  Speaker 2: starting to look like it could flip. As the primary
• 9:47
  Speaker 2: indicator for polymarket on the rake cut coming into December,
• 9:50
  Speaker 2: that's happening on December tenth. We will air that one
• 9:53
  Speaker 2: for sure. Other things to kind of consider, of course,
• 9:56
  Speaker 2: is the death cross. Everybody kind of looks at that.
• 9:59
  Speaker 2: This is a core traders looking at the four year cycle.
• 10:01
  Speaker 2: If you kind of compare this in what we've seen
• 10:05
  Speaker 2: over twenty twenty five, I mean, he would say right
• 10:08
  Speaker 2: now that the top has already been in for bitcoin.
• 10:11
  Speaker 2: If bitcoin makes a new all time high after this
• 10:14
  Speaker 2: death cross, this of course would break the cycle that
• 10:18
  Speaker 2: everybody's been pointing to for quite some time.
• 10:21
  Speaker 1: Now.
• 10:21
  Speaker 2: You look at cycles and you have to wonder what
• 10:23
  Speaker 2: the best investors out there are doing around this.
• 10:25
  Speaker 3: Well.
• 10:26
  Speaker 2: Michael Burry, one of the best investors you know, known
• 10:29
  Speaker 2: from the big short, closes down his hedge fund a
• 10:32
  Speaker 2: year end after acknowledging he doesn't understand the market anymore.
• 10:35
  Speaker 2: That was his resignation letter, basically to his investors, saying,
• 10:39
  Speaker 2: I think we're done. We're just gonna liquidate and return
• 10:41
  Speaker 2: all the capital, move right into it and for a
• 10:45
  Speaker 2: small audit done for the day, and he's passing the
• 10:49
  Speaker 2: torch off to one of his protegees. So I guess
• 10:53
  Speaker 2: the question is is is this a.
• 10:55
  Speaker 1: New era of investors?
• 10:57
  Speaker 2: Are we in an AI you know, innovation layer, much
• 11:02
  Speaker 2: like we were in the new era of investors that
• 11:04
  Speaker 2: started investing in internet stocks in the early nineties through
• 11:09
  Speaker 2: the early two thousands.
• 11:11
  Speaker 1: Are we back into that?
• 11:11
  Speaker 2: Because remember, guys, that's almost thirty years ago when we
• 11:14
  Speaker 2: started to see that kind of innovation once again. I
• 11:17
  Speaker 2: want to go to a clip real quick. This is
• 11:19
  Speaker 2: Andre Jick talking about investors and how AI plays in
• 11:24
  Speaker 2: Take a look.
• 11:25
  Speaker 5: How can the company with thirteen billion in revenues make
• 11:28
  Speaker 5: one point for trillion of spend commitments. We're doing well
• 11:32
  Speaker 5: more revenue than that. Second of all, Brad, if you
• 11:35
  Speaker 5: want to sell your shares, I'll find you a buyer.
• 11:38
  Speaker 4: Then he says, the amount of money needed to build
• 11:42
  Speaker 4: AI and make it profitable might only be possible if
• 11:46
  Speaker 4: the government steps in and gets involved at some.
• 11:49
  Speaker 5: Level when something gets sufficiently huge, whether or not they
• 11:54
  Speaker 5: are on paper. The federal government is kind of the
• 11:57
  Speaker 5: insurer of last resort in various financial crises and insurance
• 12:02
  Speaker 5: companies crerying things up.
• 12:03
  Speaker 4: So the market was like, wait, are you asking for
• 12:05
  Speaker 4: a bailout? And he's like, no, it's just kidding. Right now,
• 12:09
  Speaker 4: those companies are all being funded with a ton of debt,
• 12:14
  Speaker 4: and for investors, that means for these companies to be
• 12:16
  Speaker 4: as valuable as they are today, they have to be
• 12:19
  Speaker 4: borrowing from a future that doesn't exist yet. Now, when
• 12:23
  Speaker 4: you add all this up and you look at what
• 12:25
  Speaker 4: some of the big investors have been doing, you might
• 12:27
  Speaker 4: be worried. Warren Buffett, for example, just sold billions of
• 12:30
  Speaker 4: dollars of stock and he's now sitting on the biggest
• 12:33
  Speaker 4: cash pile in the world. That doesn't look good. And
• 12:36
  Speaker 4: Michael Burry, the guy who predicted the two thousand and
• 12:38
  Speaker 4: eight financial crisis, his fund Scion, filed what's called a
• 12:42
  Speaker 4: thirteen F form where it shows he's putting eighty percent
• 12:45
  Speaker 4: of his portfolio betting against Nvidia and Pallenteer. So all
• 12:51
  Speaker 4: of this leads to the question are we in an
• 12:54
  Speaker 4: AI bubble? Data from Deutsche Bank says if it wasn't
• 12:59
  Speaker 4: for AI space right now, we'd be in a recession.
• 13:02
  Speaker 2: So what Andrea was getting there is, obviously, could a
• 13:04
  Speaker 2: government bailout really start to jettison more money into these
• 13:09
  Speaker 2: companies which are essentially cash case well, potentially could be
• 13:13
  Speaker 2: cash cows. If we see AI take off, it's a
• 13:15
  Speaker 2: big bet. And if you kind of compare this, I
• 13:18
  Speaker 2: ran some numbers on this. This is in comparison to
• 13:20
  Speaker 2: the dot com era, and that was the era when
• 13:24
  Speaker 2: I was in a young engineer. I was working in
• 13:26
  Speaker 2: Silicon Valley at the time and saw this. It was
• 13:29
  Speaker 2: ninety five to two thousand was really where the birth
• 13:32
  Speaker 2: of that technology market was built on.
• 13:35
  Speaker 1: It was when the Internet was basically created.
• 13:36
  Speaker 2: So y had you went from VC investments of around
• 13:40
  Speaker 2: seven billion in ninety five to about one hundred billion
• 13:43
  Speaker 2: by twenty twenty. Now we all know what happened in
• 13:45
  Speaker 2: twenty twenty. That was about eighty percent of the late
• 13:48
  Speaker 2: nineteen nineties funding going into Internet tech startups. Now, the
• 13:53
  Speaker 2: comparison of that, because the NaSTA composite went up four
• 13:56
  Speaker 2: hundred percent between ninety five and two thousand, then had
• 13:59
  Speaker 2: that absolute crash, which was the dot bomb era that
• 14:03
  Speaker 2: did occur. The difference between that era and where we
• 14:05
  Speaker 2: are now is there's only a handful of companies right now.
• 14:09
  Speaker 2: There's five, maybe six good companies that I would say
• 14:13
  Speaker 2: are living off of this kind of productivity and cash
• 14:17
  Speaker 2: injection from all these v season and big money investors
• 14:21
  Speaker 2: versus back in that era it was hundreds of companies
• 14:25
  Speaker 2: that were getting that kind of injection, So that would
• 14:27
  Speaker 2: be the big difference there. But if you compare that
• 14:30
  Speaker 2: in the parallel of where we were then to where
• 14:33
  Speaker 2: we are now based on inflation, it has a lot
• 14:37
  Speaker 2: of similarities in comparison to the dot bomb era. So
• 14:40
  Speaker 2: I don't know that it's a bad thing. I do
• 14:42
  Speaker 2: not agree with the idea of a bailout with exception
• 14:47
  Speaker 2: of one thing, and that of course would be national security.
• 14:51
  Speaker 2: If we see that on the global stage, we're seeing
• 14:54
  Speaker 2: things happen in other countries, Okay, I would agree that
• 14:58
  Speaker 2: maybe there's something there, you know, if you think about
• 15:01
  Speaker 2: like Boeing or something like Lockheed Martin, I understand if
• 15:04
  Speaker 2: it's a defense mechanism, which is I think eventually where
• 15:06
  Speaker 2: this is going. So not a good sign right now
• 15:10
  Speaker 2: as we start to look forward. Let me go to
• 15:12
  Speaker 2: a couple other points I want to hit on, because
• 15:14
  Speaker 2: this is important as we look into this, because this
• 15:17
  Speaker 2: was a This is Stanley Druger Miller talking about that.
• 15:20
  Speaker 2: Because this is all building around the investors that are
• 15:23
  Speaker 2: trying to go into this market right now, And it's
• 15:25
  Speaker 2: basically saying Burry shutting down Scion doesn't necessarily mean he's
• 15:28
  Speaker 2: leaving the market. It likely means he's changing the arena.
• 15:32
  Speaker 2: I get it, because this starts to get into a
• 15:34
  Speaker 2: whole new crop of investors looking at the way the
• 15:36
  Speaker 2: market will move. And it's very difficult to understand this
• 15:40
  Speaker 2: kind of scale in only a handful of companies a
• 15:44
  Speaker 2: dozen companies right now controlling the S and P five hundred.
• 15:49
  Speaker 2: That is why I think we're starting to see guys
• 15:51
  Speaker 2: like Burry kind of throw in the towel. Institutions also
• 15:55
  Speaker 2: have to stake ETH on a decentralized infrastructure for this
• 15:58
  Speaker 2: to work. A couple of points within the article, A
• 16:00
  Speaker 2: green light for institutions taking alone will not signal a
• 16:04
  Speaker 2: long term future for ETH unless institutions can embrace the
• 16:08
  Speaker 2: philosophy of decentralization. This to me is absolutely what is
• 16:15
  Speaker 2: going to have to happen, because I think there will
• 16:17
  Speaker 2: be institutions out there that will try it and will fail,
• 16:21
  Speaker 2: and then there will be institutions out there that will
• 16:23
  Speaker 2: try the decentralized model of where ETH is going and
• 16:28
  Speaker 2: they're going to win. Now, whether it's the old guard
• 16:31
  Speaker 2: or it's a new guard that starts to develop this.
• 16:34
  Speaker 2: That's going to be the real question, much like what
• 16:37
  Speaker 2: Burry's talking about leaving the because he doesn't understand the market.
• 16:40
  Speaker 2: And I think that's where we are right now. It
• 16:42
  Speaker 2: is a major shift, a major financial shift. It's exactly
• 16:46
  Speaker 2: like Dob Bam in that era, it was a major
• 16:49
  Speaker 2: technological shift for society to see the Internet being born.
• 16:53
  Speaker 2: I think we're in the same place right now, but
• 16:55
  Speaker 2: it's only the Internet of payments. You got the cash
• 16:58
  Speaker 2: app of course coming in and say hey, we're going
• 17:00
  Speaker 2: to do stable coins supportant now launching in twenty six
• 17:04
  Speaker 2: I think is what he means. They're not bitcoins, but
• 17:06
  Speaker 2: stable coins starting early next year. Cash apps fifty eight
• 17:09
  Speaker 2: million users, and this is in comparison to PayPal. PayPal's
• 17:13
  Speaker 2: like four hundred and fifty million users, So it's not
• 17:15
  Speaker 2: a huge but it is a big deal going forward
• 17:18
  Speaker 2: in the fact that it could start to trickle in
• 17:21
  Speaker 2: to a lot of payment providers and also apps that
• 17:24
  Speaker 2: will start utilizing stable coin.
• 17:26
  Speaker 1: Of course, that's big for Ethereum.
• 17:28
  Speaker 2: One thing that you do have to look at is
• 17:31
  Speaker 2: what's happening right now with unice swap in terms of
• 17:34
  Speaker 2: what we will see on companies being able to raise capital.
• 17:37
  Speaker 2: What I mean by that is icos because this could
• 17:39
  Speaker 2: really put some pressure on coinbase and others out there.
• 17:42
  Speaker 2: What unicewap is doing with this fee swich is a
• 17:45
  Speaker 2: big deal. It's unfortunate the market is in the position
• 17:48
  Speaker 2: it is right now to really appreciate what this is doing.
• 17:51
  Speaker 2: I know many of you probably sold your unit swamp
• 17:53
  Speaker 2: after that big run up, and.
• 17:55
  Speaker 1: Maybe now is a good time to jump back in.
• 17:57
  Speaker 1: We'll see.
• 17:58
  Speaker 2: Of course, other things that are happening is you've got
• 18:00
  Speaker 2: banks piloting stable coin led tax refunds. That's right, tax
• 18:04
  Speaker 2: refunds coming in right now in South Korea, and they're
• 18:08
  Speaker 2: doing it on an avalanche.
• 18:10
  Speaker 1: This would get interesting if.
• 18:12
  Speaker 2: The Trump administration came up with something like this where
• 18:16
  Speaker 2: it was instantaneous, that could be a little bit of
• 18:19
  Speaker 2: a stimulus to the market and also could set up
• 18:22
  Speaker 2: the ability to do blockchain payments from the federal government. Now,
• 18:26
  Speaker 2: I don't want to say the word UBI or I
• 18:29
  Speaker 2: want to say the word about you might get stimulus,
• 18:31
  Speaker 2: but that could be one of the models. And of
• 18:33
  Speaker 2: course all that could be looked at on something like Avalanche,
• 18:36
  Speaker 2: and if you look at this right here, here's Alvi
• 18:38
  Speaker 2: Cloud talking about this refunds without pay performs, Kiosk delays
• 18:41
  Speaker 2: all that boom done, and of course they're doing this
• 18:44
  Speaker 2: in collaboration with MasterCard fire Blocks, So a lot of
• 18:47
  Speaker 2: big players on this. If you take a look at
• 18:50
  Speaker 2: the charts real quick, well, look at as I just
• 18:52
  Speaker 2: showed you Bitcoin, I want to show you eth holding
• 18:55
  Speaker 2: almost in the same position. Guys, something fishy is a
• 19:00
  Speaker 2: foot right here. Let's take a look at Salana. Interesting
• 19:03
  Speaker 2: moves in the market right now, Avalanche going down to
• 19:06
  Speaker 2: fifteen ninety, a little bit more consistent there, chain Link
• 19:10
  Speaker 2: also dropping into its load around fourteen twenty. You can
• 19:15
  Speaker 2: see the market is really starting to see some big
• 19:17
  Speaker 2: pressure right now as stable coin dominance continues to move up.
• 19:21
  Speaker 1: So be ready, guys.
• 19:23
  Speaker 2: This could either be a spot in the market to
• 19:27
  Speaker 2: look at dollar cost averaging, or it could be a
• 19:29
  Speaker 2: spot in the market that starts to move us into
• 19:33
  Speaker 2: dare I say, a bear market going forward? You guys
• 19:36
  Speaker 2: don't want to miss all of this and more, because
• 19:38
  Speaker 2: we're gonna be covering this along with a lot more
• 19:40
  Speaker 2: as we start to really check the barometer of where
• 19:43
  Speaker 2: the market is going in the next few days is
• 19:45
  Speaker 2: going to be very critical over the weekend. Join the
• 19:48
  Speaker 2: Diamond Circle is absolutely free. Click the link down below,
• 19:51
  Speaker 2: follow me out there on x Apple Baron. We'll catch
• 19:53
  Speaker 2: next time right here on the Paul Baron Show.