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No CLARITY Causing Ultimate Black Swan Crash?🔥Crypto Market Update🚨 · The Paul Barron Crypto Show

0:00
Speaker 1: We could be on the verge of an ultimate black
0:02
Speaker 1: Swan today. We'll break it down with you. A lot
0:04
Speaker 1: of things happening over the weekend. I want to start
0:06
Speaker 1: off with something that is very near and dear, and
0:10
Speaker 1: the point is is that you guys should always make
0:14
Speaker 1: sure on everything of what you're doing in terms of
0:17
Speaker 1: especially on these wallets. This is a fake Ledger app
0:20
Speaker 1: that was on the app Store. I know this is
0:21
Speaker 1: the Apple App Store. A lot of people would say, well,
0:23
Speaker 1: that's vetted all that. Just practice good hygiene anytime you're
0:27
Speaker 1: downloading these kind of wallet things. If it is if
0:30
Speaker 1: it is a Tangent wallet, when you get a brand
0:32
Speaker 1: new Tangent wallet, you get a QR code that's how
0:34
Speaker 1: you get the app, so you're going to know that's secure.
0:37
Speaker 1: One of the things you want to do is jump
0:38
Speaker 1: over to tangentm dot com. You can go to the
0:41
Speaker 1: website tangum dot com and you'll be able to get
0:44
Speaker 1: an order an actual hardware wallet. It's going to come
0:47
Speaker 1: to your physical address. You're going to have that wallet
0:50
Speaker 1: in your possession that's going to be able to get
0:53
Speaker 1: you in and make sure that you have a secure
0:55
Speaker 1: and listen. This works with banking apps. This is going
0:58
Speaker 1: to work with crypto on banking apps in the future.
1:01
Speaker 1: And what I'm saying is is all these kind of scenarios,
1:03
Speaker 1: So check out tangum. Do your best to get in
1:06
Speaker 1: self custody. It's one of the best things you can do.
1:08
Speaker 1: All right, let's go into some things that were happening
1:12
Speaker 1: over the weekend. One of the things that, of course
1:14
Speaker 1: everybody's kind of pointing to is the sentiment of the market.
1:18
Speaker 1: One of the things that kind of dictates the sentiment
1:21
Speaker 1: of the market is the overall sentiment of consumers. This
1:24
Speaker 1: is University of Michigan hitting back a sentiment score that
1:29
Speaker 1: is lower than all the way back to nineteen fifty two.
1:33
Speaker 1: We had a forty seven sixty right there. Look at
1:35
Speaker 1: all these things that happened, the ninety ninety one recession,
1:38
Speaker 1: the eighty one eighty two recession, the nineteen eighty recession,
1:42
Speaker 1: none of which made the depth of where we are
1:45
Speaker 1: right now in terms of consumer sentiment. That worries me.
1:49
Speaker 1: It's the thing that I've consistently been talking about quite
1:51
Speaker 1: a bit here on the show over the last really
1:54
Speaker 1: eighteen months, is that sentiment is a concern. The other
1:56
Speaker 1: thing that really concerns me, has always concerned me, is
1:59
Speaker 1: going to be the side of it. But here is
2:01
Speaker 1: another thing that I think people are looking for. The
2:04
Speaker 1: market is absolutely desperate for some good news, and I
2:07
Speaker 1: agree that it is. With everything that's going on in Iran,
2:11
Speaker 1: with everything that happened over the weekend, we had JD
2:14
Speaker 1: Vance failing on being able to get a deal. Now
2:18
Speaker 1: you've got the US now blockading outside the blockade. All
2:23
Speaker 1: of that I think boils down to just consumer sentiment
2:26
Speaker 1: that continues to float negative. The other thing you have
2:29
Speaker 1: to consider is, even though scams are all around, you know,
2:32
Speaker 1: Crypto has their share of scams, it's a very small
2:35
Speaker 1: market and overall, when you think about two and a
2:38
Speaker 1: half trillion dollars, but right now eleven point four billion
2:41
Speaker 1: and twenty twenty five the agency log one hundred and
2:44
Speaker 1: eighty one thousand complaints. Now, if you compare this to FIAT,
2:49
Speaker 1: it's a dwarf compared to what Fiat's is. But the
2:53
Speaker 1: point is for it to have this level is still
2:57
Speaker 1: a concern, and I think this is something that everybody
2:59
Speaker 1: out there just due diligence, always, always, and in some
3:04
Speaker 1: cases right now, it's just a matter of going into
3:07
Speaker 1: the cornerstone of where crypto is and what I mean
3:09
Speaker 1: by that, whether it's Bitcoin, ethereum, a handful of the
3:12
Speaker 1: top ten tokens, those are really the ones that we
3:15
Speaker 1: see more and more moving on. And of course, the
3:18
Speaker 1: key here around all of this is going to be
3:20
Speaker 1: centered around Clarity. Now Clarity Act. Many people are looking
3:24
Speaker 1: at the timing here, and what it boils down to
3:27
Speaker 1: is that the Senate floor has got to get this
3:29
Speaker 1: thing passed, hopefully before what we will see most likely
3:34
Speaker 1: as early May. And the reason is it's going to
3:37
Speaker 1: go back to the House. If you remember the Genius Act,
3:40
Speaker 1: that kind of exchange took a few weeks. Then it's
3:43
Speaker 1: got to be able to get and signed and voted
3:45
Speaker 1: on and then signed into law. And whether this all
3:48
Speaker 1: boils down to a July fourth signing, which is where
3:52
Speaker 1: I kind of anticipate that if we get this through,
3:54
Speaker 1: it's going to happen. But the point is is timing
3:57
Speaker 1: is now getting very very tight, much tighter than it
4:01
Speaker 1: has been at any other point around Clarity. So we
4:04
Speaker 1: are watching. The other thing that's been going on right now,
4:07
Speaker 1: of course, is Trump's World Liberty FI is now making
4:12
Speaker 1: what could be an FTX esque move, and that is
4:16
Speaker 1: borrowing against its own crypto token. And we've seen this before, guys.
4:20
Speaker 1: It is something that has been out there. Here's Justin
4:23
Speaker 1: Sun kind of hitting on it. Whoever's hiding behind this
4:26
Speaker 1: official account, step forward, identify yourself. What he's talking about
4:29
Speaker 1: is the one issue that was freezing his funds, and
4:33
Speaker 1: you kind of get into this statement right here, and
4:35
Speaker 1: I think this is intriguing, and it says we can't
4:39
Speaker 1: catch a break from looking like the most unserious industry
4:42
Speaker 1: out there at world Liberty Fi blacklisted Justin Sun's supply,
4:46
Speaker 1: who is their number one holder, printed billions of their
4:49
Speaker 1: own tokens. We've seen this and then borrowed eighty million
4:52
Speaker 1: in stable coins against it. The stable coin pool is
4:55
Speaker 1: now at max liquidity borrowed, so those who wanted to
4:58
Speaker 1: withdraw won't be able to, and then no one can
5:01
Speaker 1: withdraw without suffering some big slippage here. So these are
5:05
Speaker 1: the kind of things we have seen happen before in crypto.
5:09
Speaker 1: So it is something if you go back into the
5:11
Speaker 1: twenty twenty one cycle, you go back into twenty seventeen,
5:14
Speaker 1: and even prior to that, you know there's been every cycle.
5:17
Speaker 1: There's always been one of these major events. We may
5:21
Speaker 1: be nearing one right now. When you go over to
5:25
Speaker 1: the World Liberty Financial website, and I'm just gonna say,
5:28
Speaker 1: right now, guys, is what are you doing? If you're
5:30
Speaker 1: in WLFI, you should just exit, exit the token, no
5:35
Speaker 1: reason to hold it or risk anything that has any
5:38
Speaker 1: of these kind of drama that's going on. And that's
5:40
Speaker 1: what's happening right now. This is the website, and it's
5:43
Speaker 1: the about page. This is not what the about page
5:46
Speaker 1: used to look like, but it looks like that now.
5:50
Speaker 1: It used to look like this. This was the about page.
5:55
Speaker 1: So as you can see, there are some interesting things happening. Now.
5:59
Speaker 1: I'm not saying, hey, sure everybody changes their website, but
6:02
Speaker 1: normally when you have major key executives and key investors
6:07
Speaker 1: or key advisors, this is what you're looking at. And
6:11
Speaker 1: I am very concerned. In time, I kind of see
6:13
Speaker 1: those kind of situations playing out. And just remember this
6:17
Speaker 1: guy right here, Chase Harrow. This is the guy that
6:19
Speaker 1: was involved in the Logan Paul deal. And that was
6:22
Speaker 1: in the NFT situation where Logan Paul took a big hit.
6:26
Speaker 1: And I granted there's a lot of companies and people
6:29
Speaker 1: within the industry that kind of go this direction of
6:32
Speaker 1: you know, promising a lot of big advantages to some
6:36
Speaker 1: of the big executives out there to put their name
6:38
Speaker 1: on something. This is kind of the situation. I think
6:40
Speaker 1: we're looking at World Liberty five and of course this
6:42
Speaker 1: may end up in a very bad position. Here was,
6:46
Speaker 1: of course, we're Liberty five's response to a lot of
6:48
Speaker 1: the fud. Let's talk about the fud going around the
6:51
Speaker 1: World Liberty five markets leading lending position. It's wrong. Here's
6:54
Speaker 1: what's actually happening. Here's what he says right here are
6:57
Speaker 1: they And this of course is really AI guys, this
7:00
Speaker 1: is just AI making these kind of statements. We're one
7:02
Speaker 1: of the largest suppliers in barrows on the World Liberty
7:05
Speaker 1: five markets. Yes, we supply World libertfis collateral and borrowed
7:08
Speaker 1: stable coins. Telling you right out there in the open,
7:12
Speaker 1: this is as suspect as it gets for anybody that's
7:16
Speaker 1: understanding where this can go. And I think this is
7:18
Speaker 1: the thing that they're just simply saying it right out
7:21
Speaker 1: there in the open. If anything happens right now, you
7:25
Speaker 1: look at it. Here's the team is borrowing one hundred
7:27
Speaker 1: and fifty million. This is USDC against four hundred million
7:31
Speaker 1: World Liberty five on Dolomite and Dolomite. As you guys
7:34
Speaker 1: have probably seen out there, this is where it gets
7:37
Speaker 1: a little bit sketchy. So as you look at Dolomite,
7:40
Speaker 1: remember too that the owner of Dolomite also the CEO
7:44
Speaker 1: co founder of War Liberty Phi. This is where it
7:47
Speaker 1: gets kind of crazy, and you can kind of see
7:49
Speaker 1: the expansion that occurred right there as it starts to explode.
7:54
Speaker 1: And now we are seeing this absolute ridiculous level of
7:58
Speaker 1: to the point now where of course, as A said earlier,
8:00
Speaker 1: you can't get even your own stable coins off of this,
8:04
Speaker 1: and as I said earlier, get out of the World
8:07
Speaker 1: Liberty five token right now. That's just I'm just gonna say,
8:09
Speaker 1: I don't recommend it. It's one of those things. Why
8:12
Speaker 1: are you in it? For what reason? There's many other
8:14
Speaker 1: projects and things that you can invest in besides this.
8:17
Speaker 1: Just anything that's got this kind of heat right now
8:20
Speaker 1: is just not good. All right. So here was a
8:22
Speaker 1: tweet that's kind of going into it around people who
8:26
Speaker 1: were complaining. One of the guys that was complaining was
8:28
Speaker 1: Justin's Sun himself, and he said, I've always been an
8:32
Speaker 1: adamant supplier, supporter of President Trump, crypto friendly, early supporter
8:37
Speaker 1: of the World Liberty five. But his, of course wallets
8:40
Speaker 1: were frozen. And I think people are just saying, hey,
8:43
Speaker 1: it is what it is. Listen, you didn't invest in
8:46
Speaker 1: World Liberty five. You just bought a pardon the blow
8:49
Speaker 1: is pure The below is purely air cover. That's the
8:52
Speaker 1: statement what he was making there. That of course is
8:54
Speaker 1: Corey from Swan Bitcoin. So as you can see a
8:57
Speaker 1: lot of drama over the weekend around World Liberty five.
9:00
Speaker 1: This starts heating up and could get bad if clarity
9:06
Speaker 1: is not passed. If clarity is not passed, we could
9:08
Speaker 1: see a drawdown in the market which would trigger a
9:11
Speaker 1: liquidation event which would create a cascading royal cluster in
9:17
Speaker 1: the industry itself, maybe three four x that of what
9:21
Speaker 1: we saw even with FTX. So remember how FTX collapsed. Okay,
9:26
Speaker 1: Alameda bared billions against FTT. That was ftx's own token.
9:31
Speaker 1: So there you go. Or a Liberty five self referential
9:34
Speaker 1: collateral using it to collateral hidden leverage this time not
9:39
Speaker 1: hidden we know. And then of course the implosion happened,
9:42
Speaker 1: and we all saw it after the fact. This you'll
9:45
Speaker 1: be able to track literally out in the open as
9:48
Speaker 1: things are happening market real time hit the difference FTX
9:52
Speaker 1: hit it. This is happening in plain site, all right.
9:56
Speaker 1: So I'm gonna bring up a tweet here that was
9:58
Speaker 1: talking about the Drift proto call attack that just happened,
10:02
Speaker 1: and two hundred and eighty five mili was sold from
10:04
Speaker 1: Solana's biggest DeFi protocol twelve minutes. But it took eight
10:07
Speaker 1: months for this to be socially engineered. And what I
10:11
Speaker 1: mean by that is there was a process physical that
10:14
Speaker 1: when people were using, hackers were using to try to
10:17
Speaker 1: get to this data and what were essentially successful. The
10:22
Speaker 1: Drift protocol was the number one perpse decks on Solana
10:26
Speaker 1: and five hundred and fifty million total volume backed by
10:28
Speaker 1: multi coin, so it had all the right people right
10:31
Speaker 1: think about that right there, and remember April first, North
10:36
Speaker 1: Korea's Lazarus group drained it twelve minutes, Circle did nothing
10:40
Speaker 1: to pull it back. That's the big you know claim
10:43
Speaker 1: in the industry that that should have happened. Many people
10:46
Speaker 1: will argue that it's you know, not legal for them
10:48
Speaker 1: to do it. Circle's kind of in a position. But
10:50
Speaker 1: what I want to frame of reference this tweet to
10:54
Speaker 1: is the fact if you kind of compare to what's
10:56
Speaker 1: happening with World Liberty five, because there doesn't need to
10:59
Speaker 1: be eight signatures for this to occur. There's one signature,
11:03
Speaker 1: and justin Sun kind of put a bullseye on that
11:06
Speaker 1: signature by the globe to go out and try to
11:09
Speaker 1: figure out so social engineering attacks, etc. Could be on
11:13
Speaker 1: their way to World liberty fire right now. And that's
11:15
Speaker 1: really what it's going to boil down to. One thing
11:17
Speaker 1: I want to jump to here. This of course, is
11:19
Speaker 1: Jeremy Elair talking about this Circle defense. It's not freezing
11:22
Speaker 1: hacked on USCC. And the reason was, as he said
11:25
Speaker 1: right here, Circle argues that acting without legal authority risk
11:30
Speaker 1: violating property rights, even if it means allows stole funds
11:33
Speaker 1: to move. Point being is that Clarity will get all
11:36
Speaker 1: of this resolved. And that is why again it is
11:40
Speaker 1: one of the well, it is the most important thing
11:43
Speaker 1: maybe in global finance right now that is happening when
11:46
Speaker 1: you look at clarity, the one issue two major markets,
11:49
Speaker 1: banking industry, crypto industry really boils down to yield, of course,
11:54
Speaker 1: was answered in a report coming out of the White House.
11:57
Speaker 1: If you saw the video last week, we show a
11:59
Speaker 1: full breakdown of with that report came out with There
12:01
Speaker 1: was a whole slew of economists, globally renowned economists as
12:05
Speaker 1: well as universities that independently came to the result of
12:09
Speaker 1: saying not going to have an effect on banks, don't
12:12
Speaker 1: worry about Well, the ABA came out with their own
12:15
Speaker 1: fuds saying that the CEA studied the wrong question on
12:18
Speaker 1: stable coin yield and community banks. So they tried to
12:21
Speaker 1: make a stab at it here which simply said the
12:24
Speaker 1: question they should have answered, which they act fact did answer,
12:28
Speaker 1: what is the lending and funding cost impact allowing yield
12:30
Speaker 1: and stable coins to grow from today's scaled to a
12:33
Speaker 1: much larger market, meaning you know, here we are at
12:36
Speaker 1: the size we are now versus what's going to be
12:37
Speaker 1: like when there's multi trillions out there in stable coins?
12:41
Speaker 1: That was answered by this group. So the banks are
12:44
Speaker 1: now down to their last wire. I think we're at
12:46
Speaker 1: a point now. And remember this is also where over
12:49
Speaker 1: the weekend we saw Brian Arns Armstrong somewhat concede saying
12:53
Speaker 1: we need to go ahead and pass through. Almost every
12:56
Speaker 1: major participant in the Clarity Act have also said we're
13:00
Speaker 1: ready to go. It's likely that we're going to see
13:03
Speaker 1: it coming very early this week to the Senate in
13:05
Speaker 1: a markup, and that will be the next phase of
13:08
Speaker 1: trying to get to the Senate floor for a vote.
13:11
Speaker 1: But if we do not get this done, guys, it's
13:14
Speaker 1: going to continuously lead to more problems in the industry.
13:18
Speaker 1: This is a good example right here Bridge Polka Dot
13:21
Speaker 1: just got exploited. Then you look at just what is
13:24
Speaker 1: happening with kracking. They're Exchange now saying they're being extorted
13:29
Speaker 1: by criminal group threatening release of videos showing internal systems.
13:32
Speaker 1: And then you go back here. This is bit tenser.
13:34
Speaker 1: We talked about this last week when I was had
13:36
Speaker 1: tim on and this is where they pretty much stated it.
13:40
Speaker 1: Right here, the Foundation unilaterally shut down three subnets in
13:44
Speaker 1: halt revenue for Covenant AI without governance vote or transparent process.
13:48
Speaker 1: If you're going to do a vote on or if
13:50
Speaker 1: you're going to have these kind of organizations, you have
13:52
Speaker 1: to have these votes go through. So it really boils
13:55
Speaker 1: down to one thing. One thing is that Clarity has
13:58
Speaker 1: got to make its way through, and it's got to
14:01
Speaker 1: be through and to the President's desk for a signature.
14:05
Speaker 1: Hopefully July fourth will be the date. And I agree
14:08
Speaker 1: with Lummus here it needs clarity. Now, what's the worst
14:11
Speaker 1: case scenario, the ultimate black swan. Well, you think about
14:15
Speaker 1: all the things we just talked about, and you look
14:17
Speaker 1: at the chart. I want to pull you back to
14:19
Speaker 1: this date right here, which was November of twenty twenty two.
14:23
Speaker 1: This is the FTX draw down. It was a thirty
14:25
Speaker 1: percent draw down. This is on bitcoin. This was a
14:27
Speaker 1: thirty percent draw down and it basically gave us the
14:30
Speaker 1: bottom of bitcoin as sixteen to five. That's the kind
14:34
Speaker 1: of pullback we could see. Imagine a thirty percent draw
14:38
Speaker 1: down or worse if we compile all the things that
14:41
Speaker 1: are happening in the industry right now, and that of
14:44
Speaker 1: course happens if clarity doesn't go through. So you get it. Hopefully,
14:49
Speaker 1: If you've been watching this long, you understand just how
14:51
Speaker 1: important this is. We're going to be watching it very
14:53
Speaker 1: closely this week. If you like this video, hit like
15:03
Speaker 1: and subscribe, drop a comment down below, and also join
15:06
Speaker 1: our free private member group. The links in the description