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Circle Stock Stealing Crypto Rally?🔥Stablecoin Takeover🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Crypto market is taking a hit, and is it happening
• 0:08
  Speaker 1: to trad five? What will break it down for you?
• 0:10
  Speaker 1: There is some big news breaking today, so we'll give
• 0:13
  Speaker 1: it all to you. My name is Paul Berre. Welcome
• 0:14
  Speaker 1: back in the tech path. Let's get roland. I want
• 0:16
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• 0:19
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• 0:43
  Speaker 1: on your own self custy journey. Use our link get
• 0:46
  Speaker 1: a discount. All right, let's go into a couple of
• 0:48
  Speaker 1: things that are hitting right now. The Iranians are now
• 0:51
  Speaker 1: coming in and saying that the Foreign Minister says Iren
• 0:53
  Speaker 1: is ready to consider dis diplomacy. This could be a
• 0:56
  Speaker 1: little bit of a reprieve here in the market watch
• 0:58
  Speaker 1: out for this weekend and see some volatile nature of that.
• 1:02
  Speaker 1: Along with that news, also breaking is Bloomberg raising approval
• 1:06
  Speaker 1: odds for a spot ETF for both XRP doshcoin as
• 1:10
  Speaker 1: well as Cardono to ninety percent. This could be a
• 1:14
  Speaker 1: good sign, guys, as we start to come out of this,
• 1:16
  Speaker 1: and especially if we get out of these macro pressures.
• 1:19
  Speaker 1: The only thing we need is a FED rate cut,
• 1:22
  Speaker 1: and from what I'm hearing, July might be the date.
• 1:24
  Speaker 1: But while all that's going on, two hundred mil liquidated
• 1:27
  Speaker 1: from crypto market in the past sixty minutes. You can
• 1:30
  Speaker 1: kind of see the market right there as bitcoin trading
• 1:32
  Speaker 1: around one oh three. Almost everything read but thanks for
• 1:35
  Speaker 1: starting to move around a little bit. We'll see how
• 1:37
  Speaker 1: this plays out over the weekend. Let me know in
• 1:39
  Speaker 1: the comments if you are bullish for the weekend or
• 1:42
  Speaker 1: are you barished? Just dropping some notes down below. By
• 1:45
  Speaker 1: the way, if you're not subscribed, get in and do
• 1:47
  Speaker 1: it right now. We're about to hit one point five million.
• 1:50
  Speaker 1: You guys could be part of that one point five
• 1:52
  Speaker 1: million pbn family. US dark market is now outperforming has
• 1:57
  Speaker 1: been historic if you look at the ratio between emerging
• 2:00
  Speaker 1: performance and equities, which has fallen to its lowest in
• 2:03
  Speaker 1: the last fifty five It's about a one to one
• 2:05
  Speaker 1: deviation below its historic mean. But the point is is
• 2:08
  Speaker 1: that if you look at the dot com bubble, many
• 2:11
  Speaker 1: people would look at so much of the companies that
• 2:14
  Speaker 1: happened in that era. Really we're performing quite differently. And
• 2:18
  Speaker 1: of course this period happened on the S and P
• 2:20
  Speaker 1: return almost five hundred and sixty two percent. Those were
• 2:23
  Speaker 1: all emerging markets, and I think that might be where
• 2:26
  Speaker 1: we are going right now. Other things that you got
• 2:29
  Speaker 1: to look at as Coinbase, of course obtains regulatory license
• 2:32
  Speaker 1: to offer crypto services across Europe. This is going to
• 2:35
  Speaker 1: expand more adoption and especially now I think they had
• 2:38
  Speaker 1: twenty seven countries getting the MECA license to open that up.
• 2:41
  Speaker 1: That'll be new for coinbase, and of course that means
• 2:45
  Speaker 1: more adoption globally for people who've never been in crypto
• 2:48
  Speaker 1: in general, that helps everybody's bags for sure. I want
• 2:51
  Speaker 1: to go to a clip here because this clip explains
• 2:54
  Speaker 1: a little bit of why we're seeing Circle stock perform
• 2:58
  Speaker 1: so well while the market not necessarily the same. Take
• 3:01
  Speaker 1: a look, do you.
• 3:02
  Speaker 2: Think that Coinbase is becoming kind of just viewed more
• 3:06
  Speaker 2: traditionally because it's it's an equity essentially.
• 3:09
  Speaker 3: Yeah. Absolutely, I think if you're an equity investor and
• 3:12
  Speaker 3: you don't want to have exposure to a btct AUP,
• 3:15
  Speaker 3: that's one expression. But I was surprised actually of Point
• 3:18
  Speaker 3: Circles sort of IPO debut, to be honest, right, I
• 3:21
  Speaker 3: thought it was probably a bit rich. Fifty percent of
• 3:23
  Speaker 3: the revenue of interest revenue that comes from Circle's business
• 3:28
  Speaker 3: actually has paid out to coinbase. But I wouldn't be
• 3:30
  Speaker 3: surprised if a big, big institution like a GP Morgan,
• 3:33
  Speaker 3: et cetera was able to take sort of that market
• 3:35
  Speaker 3: share from this from Circle, right.
• 3:37
  Speaker 2: Does give more credence in terms of the path and
• 3:42
  Speaker 2: trajectory for say ethereum.
• 3:46
  Speaker 1: Absolutely all right, So points they're getting at is that
• 3:51
  Speaker 1: mainstream traditional finance has discovered crypto through the use of Circle.
• 3:58
  Speaker 1: Circle right now ran from sixty four to two hundred,
• 4:01
  Speaker 1: and it's still pumping right now above almost two fifty.
• 4:03
  Speaker 1: Right now, Circle isn't just USDC. They monetize trust and yield.
• 4:07
  Speaker 1: That's a big deal. We get the Genius Act passing
• 4:10
  Speaker 1: that is a huge thing. I anticipate though, that this
• 4:13
  Speaker 1: is going to have a follow on effect on the
• 4:15
  Speaker 1: rest of the crypto market. For sure, this is new
• 4:18
  Speaker 1: money coming into crypto, but in through a traditional finance way.
• 4:22
  Speaker 1: So be on the lookout because this is I think
• 4:25
  Speaker 1: starting to move some things around. The other thing you
• 4:27
  Speaker 1: got to look at is treasuries are sitting on the blockchain. Rallies.
• 4:31
  Speaker 1: Rails just now hit six point six billion. This is
• 4:34
  Speaker 1: up nine hundred and twenty percent on year over year.
• 4:36
  Speaker 1: This is just a fraction of where this is going.
• 4:40
  Speaker 1: So think about that twenty seven trillion in the treasury
• 4:43
  Speaker 1: market right now that could be that's still just point
• 4:46
  Speaker 1: zero two percent, simply meaning guys more and more coming
• 4:50
  Speaker 1: out of the blockchain. That increases fees, That increases profits
• 4:53
  Speaker 1: for a lot of these chains, which of course, as
• 4:55
  Speaker 1: you know, increases yields and token price. So beyond the
• 4:58
  Speaker 1: look of that. Speaking of that, here's Tom Lee, one
• 5:02
  Speaker 1: of our favorite analysts, talking about some things that are
• 5:04
  Speaker 1: happening within the eth ecosystem. He's forecasting being bessin a
• 5:09
  Speaker 1: three point seven trillion, which is fifteen x larger than
• 5:12
  Speaker 1: the current stable coin. Right think about how much stablecoin
• 5:15
  Speaker 1: market cap. We have three point seven trillion. Is where
• 5:18
  Speaker 1: Besin is pushing. I still think this is under where
• 5:21
  Speaker 1: this is potentially going around stable coins. If that is
• 5:25
  Speaker 1: the case, USDC is still representing about twenty five to
• 5:28
  Speaker 1: thirty percent of Ethereum's network fees today. That's circle. We'll
• 5:32
  Speaker 1: talk about that in a second. The only way up,
• 5:34
  Speaker 1: guys is ETH and ETH is still twenty five hundred
• 5:38
  Speaker 1: bucks a token, So it's one of the best buys
• 5:40
  Speaker 1: out there and definitely over sold when you look at
• 5:43
  Speaker 1: the markets overall. Now where is this market soaking up from? Well,
• 5:48
  Speaker 1: let me go to a headline right here. This is
• 5:50
  Speaker 1: card issuers, you know them, Visa, MasterCard, American Express. They
• 5:55
  Speaker 1: and their stocks have started to plunge. And the reason
• 5:58
  Speaker 1: is because we've seen the stable cooin bill get past.
• 6:00
  Speaker 1: People are starting to realize, wait a minute, there could
• 6:02
  Speaker 1: be another settlement layer coming in called crypto and blockchain.
• 6:07
  Speaker 1: That's what we're talking about. And if you look at
• 6:09
  Speaker 1: the stock prices right here, just to give you an example,
• 6:13
  Speaker 1: I'll zoom in on this right here, Visa stock four
• 6:16
  Speaker 1: percent down, MasterCard stock three point four percent, now, American
• 6:20
  Speaker 1: Express holding their own at one point seven mainly because
• 6:22
  Speaker 1: they're going after a little bit more of a younger audience.
• 6:25
  Speaker 1: And I think that is the thing you got to
• 6:27
  Speaker 1: look at, is right there. Remember Amex partnered with coinbase
• 6:31
  Speaker 1: on their new Coinbase one product and their credit card
• 6:34
  Speaker 1: which is going to be Bitcoin Yield. So interesting things
• 6:37
  Speaker 1: playing into this right now when you look at where
• 6:41
  Speaker 1: money is shifting into crypto almost in a secondary way
• 6:46
  Speaker 1: because it's coming through Circle, Coinbase, micro Strategy, etc. We'll
• 6:51
  Speaker 1: show you some charts here in a second to get
• 6:53
  Speaker 1: into that. Here is CNBC breaking down how Visa and
• 6:57
  Speaker 1: MasterCard are taking a hit. Take a look.
• 7:00
  Speaker 4: It's actually been really good for eth ETFs, which have
• 7:02
  Speaker 4: come roaring back from the dead this month. A lot
• 7:04
  Speaker 4: of these stablequins run on ethereum. You had a glimpse
• 7:06
  Speaker 4: of dot in coin basis partnership with Shopify announced last week.
• 7:09
  Speaker 4: And so if we are in this new age of
• 7:11
  Speaker 4: stable coin payments, that could eat into revenue at the
• 7:13
  Speaker 4: card network. So someone Wall Street saying that fear may
• 7:16
  Speaker 4: be premature, but nevertheless Scott Visa and MasterCard taking a
• 7:20
  Speaker 4: hit for now an USDC issued of course by Circle,
• 7:23
  Speaker 4: who shares our rocketing.
• 7:25
  Speaker 1: Up all right, So as you can see, that's the
• 7:27
  Speaker 1: issue right now, Circle continuing to push. I wonder if
• 7:31
  Speaker 1: maybe Circle is still undervalued in comparison. Think about this
• 7:37
  Speaker 1: when you look at three point seven trillion coming into
• 7:39
  Speaker 1: the stable coin market, and I think that's under what
• 7:42
  Speaker 1: this will be Circle continuing to yes, pay fees to
• 7:45
  Speaker 1: coin bess, but at some point there is going to
• 7:48
  Speaker 1: be a critical mass adoption curve that will push them
• 7:53
  Speaker 1: into the stratosphere, and that will be the point in
• 7:56
  Speaker 1: which we'll start to see mainstream across all sectors I
• 7:59
  Speaker 1: think and crypto. Imagine if you bought Circle pre ipo
• 8:04
  Speaker 1: because there were some investment opportunities out there. Here's a
• 8:06
  Speaker 1: clip to break it down.
• 8:07
  Speaker 3: I knew there would be regulatory challenges for sure.
• 8:10
  Speaker 4: In twenty thirteen.
• 8:12
  Speaker 3: Always was a huge risk. It's always a big risk
• 8:16
  Speaker 3: even as we speak today. Cost basis on Circle twenty
• 8:19
  Speaker 3: seven cents. Twenty seven cents not bad.
• 8:22
  Speaker 4: Does it still offer value for investors who weren't as
• 8:25
  Speaker 4: lucky as you to get in so early.
• 8:26
  Speaker 3: I'll look backwards. There's certain topics I'll stay away from.
• 8:31
  Speaker 3: Of course, how this plays out, we shall see.
• 8:36
  Speaker 1: Well, you got to look at it this way, guys.
• 8:39
  Speaker 1: You could go back and look at Amazon, you could
• 8:41
  Speaker 1: look at Tasla, any of the innovators in their category.
• 8:44
  Speaker 1: And I think, you know, Circle Release right now is
• 8:46
  Speaker 1: one of the few that's out there that is innovating
• 8:49
  Speaker 1: this sector. Do they get soaked up by other financial
• 8:52
  Speaker 1: institutions as we continue to see this growth chart, I
• 8:55
  Speaker 1: think is the key. Kathy Wood, of course, went in
• 8:57
  Speaker 1: and took a little bit of her profit fifty one
• 8:59
  Speaker 1: p seven million worth of Circle, which was low in
• 9:03
  Speaker 1: comparison when you think about the shares, especially of where
• 9:06
  Speaker 1: they are further into this. It just shows you a
• 9:09
  Speaker 1: little bit of where she's going with Circle after its
• 9:12
  Speaker 1: latest moves, so doesn't necessarily get the full amount. But
• 9:15
  Speaker 1: we're not quite yet on the iPhone moment when developers
• 9:18
  Speaker 1: everywhere kind of understand where this is going. And I agree,
• 9:21
  Speaker 1: I think this is still very early in the market,
• 9:24
  Speaker 1: and I think a lot of people that are maybe
• 9:26
  Speaker 1: just discovering crypto for the first time really understand what
• 9:28
  Speaker 1: a table coin is. And I talk to people all
• 9:31
  Speaker 1: the time about this very issue. What's interesting to me
• 9:35
  Speaker 1: is I have a lot of traditional finance friends that
• 9:37
  Speaker 1: are money managers, etc. And Circle was one of the
• 9:40
  Speaker 1: calls that I got, you know, over the last few weeks,
• 9:44
  Speaker 1: is this a play? Is this a play? And I said, well,
• 9:46
  Speaker 1: if you believe in Ethereum, probably it's a good traditional
• 9:48
  Speaker 1: finance model. And look at it now. I think a
• 9:51
  Speaker 1: lot of these trad fi managers are out there now
• 9:55
  Speaker 1: setting back, going well, there is going to be another
• 9:57
  Speaker 1: wave here and it's most likely to be around Ethereum.
• 10:00
  Speaker 1: So pay attention. A lot of unlocks getting ready to
• 10:03
  Speaker 1: come in. Looking at Kathy Wood's portfolio, we're going to
• 10:08
  Speaker 1: rebalance this for her real quick. So she's holding Tesla
• 10:10
  Speaker 1: at the number one slot. I think we should move
• 10:13
  Speaker 1: Pallenteer right up there to number one. We'll hold Coinbase
• 10:17
  Speaker 1: at number two for now. Let's move robin Hood into
• 10:21
  Speaker 1: the number three, and let's move Circle into number four.
• 10:24
  Speaker 1: That would be my top four right there, Palenteer, Coinbase,
• 10:28
  Speaker 1: I'd go with Robinhood and then Circle. Those are that's
• 10:32
  Speaker 1: your rebalance, Kathy. So no problems there. You go that
• 10:36
  Speaker 1: playing out over the next two to three years is
• 10:38
  Speaker 1: going to be a big bet going forward. Other things
• 10:41
  Speaker 1: you got to look at is Sharplink gaming. This is
• 10:42
  Speaker 1: one of the edgier plays. It has been getting beat
• 10:46
  Speaker 1: down by a lot of the shorts now Sharplink Gaming
• 10:49
  Speaker 1: Joseph Lubin That of course is pretty much ethereum when
• 10:54
  Speaker 1: you think about it. The play on sharp Link Gaming
• 10:57
  Speaker 1: is that they're investing in ethereum, so think micro strategy,
• 11:00
  Speaker 1: they're investing in bitcoin. If this is the early stage
• 11:03
  Speaker 1: for sharplingk gaming, could this be one of those breakouts
• 11:06
  Speaker 1: once that we exhaust the shorts. Beyond the lookout for
• 11:09
  Speaker 1: that one, others that you got to watch out that
• 11:11
  Speaker 1: are coming on too Nasdaq right now. Guess who Pudgie
• 11:13
  Speaker 1: Penguin coming this way. One of the best branding products
• 11:16
  Speaker 1: out there. I don't know how this is going to
• 11:19
  Speaker 1: play out, but it could be a surprise on Wall Street.
• 11:22
  Speaker 1: So pay attention to this one as well. If you
• 11:25
  Speaker 1: don't know much about Pudgy Penguin's we've got a few
• 11:27
  Speaker 1: videos on it. You can search it down in our
• 11:30
  Speaker 1: channel and you'll see a little bit more. But basically,
• 11:32
  Speaker 1: it was an NFT that became a physical They did
• 11:34
  Speaker 1: a deal with Walmart, became a boom, started to build
• 11:38
  Speaker 1: up products, apps, ecosystems, and a huge brand, and I
• 11:42
  Speaker 1: think they could be one of the next ones to
• 11:45
  Speaker 1: go into. Now Robinhood is on the verge of getting
• 11:50
  Speaker 1: into token is securities, and one of the things everybody's
• 11:52
  Speaker 1: been asking is what blockchain will they choose to go
• 11:56
  Speaker 1: in this direction? Well, many people kind of looking at
• 11:59
  Speaker 1: ether and and it's interesting and Solana because Solana was
• 12:02
  Speaker 1: looked at as well. And when you look at it,
• 12:04
  Speaker 1: because Arbitrum being a layer two, if that is the one,
• 12:09
  Speaker 1: are they maybe forecasting a little bit here because they're
• 12:12
  Speaker 1: heading over to ecc in cans. So interesting if you're
• 12:16
  Speaker 1: going to choose Slona, unless you're doing it just to
• 12:18
  Speaker 1: do a headfake, I don't know. But I'm watching this
• 12:20
  Speaker 1: one close because it will have an effect on the
• 12:23
  Speaker 1: layer twos, but also the Ethereum ecosystem once Robinhood gets
• 12:27
  Speaker 1: to get into that. Also think about this. This is
• 12:30
  Speaker 1: another area that is very bullish. When you look at
• 12:34
  Speaker 1: Fidelity only. Robinhood just became one of the bigger ones.
• 12:37
  Speaker 1: They're paying five percent interest on cash, three percent back
• 12:40
  Speaker 1: on a credit card if you can get it, by
• 12:42
  Speaker 1: the way, you have to go on a list, so
• 12:44
  Speaker 1: that's later in the year, three percent match on IRA,
• 12:46
  Speaker 1: three percent on IRA, four ones and a one percent
• 12:49
  Speaker 1: match on deposits. Plus they're doing compounding on this, so
• 12:52
  Speaker 1: when you're gaining these and you can go back into
• 12:55
  Speaker 1: your to pot. This is the new finance model and
• 12:58
  Speaker 1: it is one that I think will attract a ridiculous
• 13:01
  Speaker 1: amount of new users. This is another stock that I
• 13:05
  Speaker 1: still think is going to be absolutely fantastic. Let's take
• 13:09
  Speaker 1: a look at that. By the way, we'll go with
• 13:11
  Speaker 1: Circle right now on the daily this is where we're
• 13:14
  Speaker 1: talking about. Right now, Circle continuing to fly up the
• 13:18
  Speaker 1: chart at two thirty nine. Can it hold this? Guys?
• 13:22
  Speaker 1: Do you feel like Circle is still undervalued when you
• 13:24
  Speaker 1: look at the amount of opportunity here for stable coins?
• 13:29
  Speaker 1: Let me know in the comments if you compare that
• 13:31
  Speaker 1: to what's going on with micro Strategy, which has been
• 13:34
  Speaker 1: pretty much sideways for quite a while here, really all
• 13:38
  Speaker 1: the way back into May end of last May, sliding sideways.
• 13:42
  Speaker 1: Maybe are we in the setup for a bitcoin run?
• 13:46
  Speaker 1: People looking at that? And then of course Robinhood also
• 13:49
  Speaker 1: moving up now at almost eighty bucks a share, which
• 13:52
  Speaker 1: is another one that I think is going to continue. Remember,
• 13:53
  Speaker 1: Robinhood has a lot of announcements. They're trying to become
• 13:56
  Speaker 1: a bank they're going to drop their big credit card.
• 13:58
  Speaker 1: All that will continue to push the robinhood stock. I
• 14:02
  Speaker 1: think up there's Coinbase, of course, absolutely flying on Circle,
• 14:06
  Speaker 1: and I think this will continue because a lot of
• 14:08
  Speaker 1: people are still looking at well, if it's not Circle,
• 14:10
  Speaker 1: who else is potentially out there? And if you kind
• 14:13
  Speaker 1: of zoom out, just to go down here on the
• 14:16
  Speaker 1: weekly and let's run back aways. This is where coinbase
• 14:20
  Speaker 1: has been if you go all the way back to
• 14:22
  Speaker 1: its original offering around three seventy six. This is getting
• 14:25
  Speaker 1: back into the zone of where it's ipo started to move.
• 14:29
  Speaker 1: So be on the lookout for those guys. I think
• 14:31
  Speaker 1: we're in a new era of crypto and blockchain related trades.
• 14:37
  Speaker 1: One other thing, when you kind of compare industries and
• 14:40
  Speaker 1: where that historical could go. If you are an investor
• 14:44
  Speaker 1: in tech or an investor and you say blockchain, now
• 14:46
  Speaker 1: it's going to be one of the things, just like
• 14:48
  Speaker 1: AI or any other category. You could even go back
• 14:50
  Speaker 1: and compare this. I wouldn't compare it to Amazon, but
• 14:53
  Speaker 1: if you look at Amazon's history, there was a time
• 14:56
  Speaker 1: long time ago when Amazon absolutely was only up to
• 15:00
  Speaker 1: the right and of course you did have an arrow
• 15:02
  Speaker 1: where there was an absolute pullback. Sure, But the point is,
• 15:06
  Speaker 1: if you don't necessarily trust yourself in the crypto market,
• 15:09
  Speaker 1: meaning buying tokens and dealing with DEXes and decentralized exchanges
• 15:13
  Speaker 1: or doing anything in terms of trades in that, and
• 15:16
  Speaker 1: you're just comfortable with regular stock trades, maybe blockchain and
• 15:21
  Speaker 1: a lot of these companies could fall into your portfolio.
• 15:23
  Speaker 1: So take a look. Not investment advice, but it's something
• 15:26
  Speaker 1: if you believe in tech, in the future of where
• 15:29
  Speaker 1: monetary systems are going, maybe this is a play for you.
• 15:32
  Speaker 1: If you're not in the diamond circle, get in on that.
• 15:33
  Speaker 1: It's our own special group, and of course we'll leave
• 15:36
  Speaker 1: a link down below catch me on Twitter x at
• 15:38
  Speaker 1: Paul Barrett. We'll catch you next time right here on
• 15:40
  Speaker 1: tech Path