Latest / The Paul Barron Crypto Show / Massive Buy Opportunity?🔥Crypto Market Update

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Massive Buy Opportunity?🔥Crypto Market Update · The Paul Barron Crypto Show

0:07
Speaker 1: A lot of things happening today on the global stage,
0:09
Speaker 1: and of course Japan is leading the way. This will
0:12
Speaker 1: be one that we'll explain a little bit of what
0:14
Speaker 1: happened in Japan and also how this affected what happened
0:18
Speaker 1: in crypto, possibly a buying opportunity for all of you.
0:21
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Speaker 1: dot com. All right, let's go into a couple of
1:04
Speaker 1: topics here. I want to get into the first tweet here. Here,
1:08
Speaker 1: Bank of Japan calms the markets. They pledged no rate
1:11
Speaker 1: hikes during market instability. This sparked a rebound in the
1:14
Speaker 1: Asian markets. Japan was plus a point two, Korea was
1:17
Speaker 1: up one point eight, and then of course Taiwan money's
1:20
Speaker 1: meltdown do in part to rate hike fears. And I
1:23
Speaker 1: think a lot of people have been looking at this
1:24
Speaker 1: global asset classes pretty much shaken across the globe, and
1:28
Speaker 1: I think now we might see a little bit of
1:31
Speaker 1: a pause. And maybe I think that what has happened
1:34
Speaker 1: is the Japanese have seen the trickle down effect start
1:37
Speaker 1: to work its way into markets and have a big
1:40
Speaker 1: backlash effect on Japan itself. So that in itself is
1:44
Speaker 1: a good news right there. So Bank of Japan goat spooked.
1:48
Speaker 1: They came in and did an emergency meeting, said hey,
1:51
Speaker 1: we're going to go in here, no rate hikes if
1:53
Speaker 1: the markets were unstable. I can't imagine why biggest exporters
1:56
Speaker 1: of banks toolkit is. Of course rates remembers not it's
2:00
Speaker 1: the temporary thing. Stronger in will eventually mean EPs revisions
2:03
Speaker 1: for these companies. So I think this could be good
2:08
Speaker 1: in the sense of when you look at the macro
2:10
Speaker 1: effect here and you look at and only what's happening
2:12
Speaker 1: in the US and how the carry trade works, what
2:15
Speaker 1: this kind of impact had on the crypto market in general.
2:18
Speaker 1: Hopefully we've seen a little bit stability and we'll start
2:20
Speaker 1: to see some movement here. But however, I would say
2:23
Speaker 1: this is there still are macro fears in the market
2:26
Speaker 1: right now. All right here, I've got a clip from Bloomberg.
2:29
Speaker 1: This is talking about whether this was the right move
2:31
Speaker 1: or not. Take a look.
2:32
Speaker 2: Do you think the POHA is doing the wrong thing
2:34
Speaker 2: this morning?
2:34
Speaker 1: And blink?
2:35
Speaker 3: I do.
2:36
Speaker 2: I think what they meant to do is to press
2:38
Speaker 2: the pause button instead of pressed and rewind button. So
2:42
Speaker 2: rather than provide the market the opportunity to exit this
2:46
Speaker 2: carry trade in orderly fashion, they've given a signal to
2:49
Speaker 2: the market to put on more of the trade, and
2:52
Speaker 2: that ultimately is going to conflict with the domestic economic requirements.
2:56
Speaker 4: Do you think the central banks refreight to lead in
2:58
Speaker 4: this moment, and if so, why.
3:00
Speaker 2: I think no one wants to be the vocal moment.
3:03
Speaker 2: So what I'd rather do is see someone else try
3:05
Speaker 2: to do it and if you need to reverse course,
3:08
Speaker 2: let them reverse course. I suspect that was enormous external
3:11
Speaker 2: pressure on the Bank of Japan last night. You probably
3:14
Speaker 2: went to bed too early, but Japanese stocks were indicated
3:18
Speaker 2: down hard. That was putting pressure on US futures. And
3:22
Speaker 2: next thing you know, the Bank of Japan comes out.
3:24
Speaker 5: When you say enormous external pressure, what external pressure you
3:28
Speaker 5: talking about?
3:29
Speaker 2: So the narrative has evolved, and this actually speaks to
3:32
Speaker 2: a fundamental issue that there are no anchors to this market.
3:35
Speaker 2: That's no longer a growth anchor, that's no longer a
3:37
Speaker 2: policy anchor. So the narrative on Thursday and Friday was
3:41
Speaker 2: that the market disruption was due to economic developments in
3:46
Speaker 2: the US. Then comes Monday and suddenly everybody's pointing the
3:51
Speaker 2: finger Japan. And by today, if you've noticed, the people
3:55
Speaker 2: who have come on have talked all about positioning. Positioning
3:58
Speaker 2: has become the main culporate for what has happened. And
4:00
Speaker 2: people Forgotursday and Friday and the many say positioning, you
4:05
Speaker 2: immediately look at Japan. So the narrative has evolved to
4:08
Speaker 2: put the emphasis on Japan as being the calls. Now
4:12
Speaker 2: all those people who rushed to predict into meeting cuts
4:16
Speaker 2: and everything else. Are going to have to scramble and
4:18
Speaker 2: get back on state. And mean, it's fascinating to me
4:20
Speaker 2: to watch a really well paid industry whip sort the
4:24
Speaker 2: way it has been whipsorted.
4:26
Speaker 1: Yeah, I think that's the surprise to me is the
4:29
Speaker 1: fact that we did see this kind of move quickly.
4:31
Speaker 1: And you're right, He's right. I mean, this is these
4:34
Speaker 1: are experts have been in the industry for decades. It
4:38
Speaker 1: also presents maybe a challenge that you have to look
4:40
Speaker 1: at and say, maybe the markets are finally at a
4:44
Speaker 1: point where they really don't know what is going on,
4:47
Speaker 1: which of course benefits I think crypto and risk assets. However,
4:50
Speaker 1: that being said, jump Trading could sell eighty million in eth.
4:54
Speaker 1: They reveals they onstake eleven thousand, five hundred eighth value
4:57
Speaker 1: of twenty nine million from Lido. A couple of the
5:00
Speaker 1: points right here spot the courting spot on chain Jump
5:03
Speaker 1: Trading on stake the amount for twenty nine mil. Firm
5:06
Speaker 1: also applied to reteem over fourteen thousand and eighth value
5:09
Speaker 1: to forty eight million. I know that's not a lot,
5:11
Speaker 1: but as they start to unwind their portfolio I think
5:15
Speaker 1: that's going to be the real question. This tweet right
5:18
Speaker 1: here kind of goes in a little bit more on
5:20
Speaker 1: what they're doing on their portfolio. You can kind of
5:23
Speaker 1: see right here if you have exposure in some of these,
5:26
Speaker 1: just be aware could this have some impact on Solana
5:29
Speaker 1: there of course is Leto along with a handful of
5:32
Speaker 1: other tokens like Suie, Celestia say is in there, and
5:37
Speaker 1: a handful of others that I think have been moving
5:39
Speaker 1: pretty heavily. So their portfolio is down eight three percent
5:41
Speaker 1: from the all time high, and then most tokens have
5:44
Speaker 1: dropped off significantly, So this will be could be a
5:48
Speaker 1: moment right now for what's going to be happening with
5:50
Speaker 1: Jump Crypto. I want to go to a clip real
5:52
Speaker 1: quick because this is where Kathy Wood takes a harder
5:55
Speaker 1: look at this whole issue. Take a look.
5:58
Speaker 4: Jump Trading, which has a big quipt book, has been
6:01
Speaker 4: unwinding its book in a way that is, to me
6:04
Speaker 4: suggests that they are being forced to unwind it, as
6:07
Speaker 4: in they've been doing it in ways that are not
6:09
Speaker 4: very market friendly in reasonably large size.
6:13
Speaker 6: Yeah, and the CEO of Jump.
6:18
Speaker 4: Left and he was a young, young, young person so
6:22
Speaker 4: if you're twenty five years old, you haven't been through
6:24
Speaker 4: that many market cycles. I know crypto happens very quickly,
6:27
Speaker 4: but and so.
6:29
Speaker 6: We're trying to connect some dots. The CEO of that
6:32
Speaker 6: division leaves they are unwinding the book. Clearly, I don't
6:36
Speaker 6: know if the regulators have gotten in there. We don't
6:40
Speaker 6: know what is going on this.
6:42
Speaker 7: They could have been.
6:45
Speaker 6: Part of the carriage trade in ways that we just
6:47
Speaker 6: don't understand. All of those speculators and others betting that
6:53
Speaker 6: the yen would continue to at least be stable or
6:57
Speaker 6: go down. They are probably being hit by margin calls,
7:02
Speaker 6: and we're trying to figure out who they are well.
7:06
Speaker 4: And Jump Trading has a tradition like you could imagine
7:08
Speaker 4: if there's a trading firm that gets caught out, you
7:11
Speaker 4: know too, it would be somebody that has a crypto
7:14
Speaker 4: book and also is running trade making and kind of
7:17
Speaker 4: other areas. Try to Google search and figure out who
7:20
Speaker 4: those guys are. It's very mysterious. We know they've taken
7:23
Speaker 4: multi hundred million dollar hits against FTX and against the
7:26
Speaker 4: wormhole hack, and they were terror Luna exposed and kind
7:30
Speaker 4: of have seemingly danced through it all. You know, we
7:33
Speaker 4: don't know like how the finance, what their balance sheet
7:36
Speaker 4: looks like, how much leverage they could have taken on.
7:39
Speaker 4: And like you say, Katy, there's a lot of there
7:42
Speaker 4: is leverage out there on the carry trade. Like if
7:44
Speaker 4: you look at the end lending by Japanese banks, it's
7:48
Speaker 4: on the order of one point seven trillion dollars. It
7:51
Speaker 4: looks like about half of which is to other bank
7:54
Speaker 4: and the other half is to non bank financial institution,
7:57
Speaker 4: so things of like the Dado banking sector. So if
7:59
Speaker 4: you have seven hundred billion dollars of loaned money out
8:02
Speaker 4: there that has boxed uff and suddenly that's all the
8:06
Speaker 4: cost of that loan money has gone up, and and
8:10
Speaker 4: you know there's suddenly the assets that's supposed to collaboralize
8:13
Speaker 4: the loan money is falling apart. Then it takes time
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Speaker 4: for that to unwind and cascade through and and hit you.
8:23
Speaker 1: All right, So a lot of things done wrapped there
8:25
Speaker 1: because there they made a couple of statements there. One
8:27
Speaker 1: of course, is the issue of the possible involvement in
8:31
Speaker 1: the carry trade around Japan. And really if you think
8:33
Speaker 1: about the Japanese cary trade, I mean it's kind of
8:36
Speaker 1: old school models where you get money at zero, you
8:39
Speaker 1: out leverage into the market, you're making money until those
8:41
Speaker 1: rates go up. Then it's you know, it messes everything
8:44
Speaker 1: up on the on the backside. So if they were
8:46
Speaker 1: caught up in that, sure there's gonna be some problems there.
8:48
Speaker 1: But to their point, this is one of those companies
8:51
Speaker 1: also that has been on the fringe of crypto. Granted
8:53
Speaker 1: there's a lot of those kinds of investment firms out there.
8:57
Speaker 1: The thing that concerns me the most right now, I
8:59
Speaker 1: would say, is going to be fired answer. Remember Jump
9:01
Speaker 1: Crypto very very involved in fired answer. Remember that the
9:06
Speaker 1: Salona event is happening here in the next few months.
9:09
Speaker 1: Whether or not we're going to see fire answer at
9:11
Speaker 1: actually get launched, that'll be a big question, I think,
9:13
Speaker 1: for what's going to happen at breakpoints, So be on
9:16
Speaker 1: the lookout for that. Keep your eyes open here. It
9:18
Speaker 1: is a big issue right now with the Salona community.
9:21
Speaker 1: Now that being said, you know, kind of the negative
9:24
Speaker 1: side of it, on more of a fud position, Let's
9:26
Speaker 1: go to more of a pro position. Here's Jeff Dorman,
9:30
Speaker 1: who is Arcascio.
9:32
Speaker 7: Listen to what he had to say, a lot of
9:34
Speaker 7: people are tying the Jump trading eth sales on Sunday
9:38
Speaker 7: to the end carry trade completely guessing that why else
9:42
Speaker 7: would these two things be tied. Throughout the course of
9:44
Speaker 7: the last couple of weeks, was losing money, realized that
9:47
Speaker 7: it was going to open again down on Sunday night,
9:49
Speaker 7: had to sell whatever collateral they could to free up cash,
9:52
Speaker 7: and eath is the only market available on a Sunday morning.
9:55
Speaker 7: It's plausible. I certainly don't have any knowledge for sure
10:00
Speaker 7: know if that is the case. There are rumors that,
10:03
Speaker 7: you know, Jump is exiting crypto and shutting down. I
10:05
Speaker 7: think that is incorrect. I think we have a fair
10:07
Speaker 7: amount of data points to suggest that Jump is not
10:09
Speaker 7: going anywhere. I just don't see any evidence of it.
10:12
Speaker 7: And I think that this is one of the best
10:14
Speaker 7: buying opportunities that you will see all year as a result.
10:19
Speaker 1: All right, so we'll see if that is the other
10:22
Speaker 1: side of the base right now. A couple other analysts
10:25
Speaker 1: out there right now looking at this the Jump rebalance
10:29
Speaker 1: playing out in real time because fired answer could run,
10:32
Speaker 1: could be in a position run the NASTAC and a
10:35
Speaker 1: lot of the stable coin rails. This would put Salona
10:38
Speaker 1: and Ethereum in pretty good positions from a dominant standpoint
10:41
Speaker 1: and overall market, you know, dominance. And I think if
10:46
Speaker 1: all of this plays out, yeah, okay, there are some
10:48
Speaker 1: signals here that could kind of point to that direction.
10:50
Speaker 1: But it's kind of like what someone said the other
10:53
Speaker 1: day on a livestream, you know, when they're smoking those
10:55
Speaker 1: kinds of scenarios. Is there fire? Is there something going on?
10:59
Speaker 1: And we've seen in off of this happened before from
11:02
Speaker 1: Voyager to Celsius to what's happened with FTX. We start
11:07
Speaker 1: to recognize these patterns. Is jump going to be one
11:09
Speaker 1: of those going forward? One thing to kind of look
11:13
Speaker 1: at right here, Solona year to date up fifty one,
11:16
Speaker 1: Bitcoin year to date up thirty six, and eighth year
11:19
Speaker 1: to date up eleven. So everybody kind of says, well,
11:21
Speaker 1: we kind of let the charts do the talking, and
11:23
Speaker 1: that is the case. Eth is clearly lagging even with
11:26
Speaker 1: the ETF. Some of the people that are kind of
11:29
Speaker 1: keeping this on the radar, preferring soul after, you know,
11:33
Speaker 1: kind of avoiding the suits. I think this is going
11:35
Speaker 1: to be interesting to play out. Plus, I think the
11:39
Speaker 1: trade that you look at from Slana standpoint, for it
11:42
Speaker 1: to be able to bounce back so quickly off of
11:44
Speaker 1: this move that we saw from the Japanese, you know, impact,
11:49
Speaker 1: pretty impressive, pretty impressive, even more so than I think
11:52
Speaker 1: that many of the projects did not anticipate that kind
11:56
Speaker 1: of move. Here, of course, is the soul Eth trade
11:59
Speaker 1: just a little bit about to enter price discovery in
12:01
Speaker 1: terms of its price versus ethereum. This is another reason
12:05
Speaker 1: that I think a lot of people are still looking
12:07
Speaker 1: Aslon even though I still think right now, as it
12:10
Speaker 1: plays out around the one to fifty mark, that could
12:12
Speaker 1: be a change. So just a quick look at the
12:15
Speaker 1: Salona eighth chart right here, you kind of see it
12:17
Speaker 1: about the enterprice discovery in terms of its price versus ethereum.
12:20
Speaker 1: If you look at the chart overall, all, this range
12:23
Speaker 1: right here now starting to really break out. So this
12:25
Speaker 1: could be a scenario where Salona continues its trek in
12:28
Speaker 1: terms of being the chosen one in terms of this
12:31
Speaker 1: bull run. We'll see how this plays out. It's one
12:33
Speaker 1: that we are definitely watching very close. Two billion in
12:36
Speaker 1: ethereum in in this move right now, our Chinese sees
12:40
Speaker 1: assets about to crash the market. This will be another
12:42
Speaker 1: issue where we could see some more fud as Ethereum
12:45
Speaker 1: wallets linked to the plus token ponzi scheme suddenly become active,
12:50
Speaker 1: So this will transfer about eight or and twenty thousand
12:52
Speaker 1: eighth over two billion just in the past twenty four hours.
12:55
Speaker 1: These wallets, of course, are have been inactive for more
12:58
Speaker 1: than three years, so this possibly puts out another scenario
13:02
Speaker 1: around another crypto crash, especially around ethereum. All right, so
13:05
Speaker 1: let's go over to this news right here. Blackrock and
13:09
Speaker 1: Nasdak of course aiming to expand the Ethereum investment with
13:12
Speaker 1: a new ETF options proposal that in itself could be
13:16
Speaker 1: another play, and there's some good dates here. Twenty one
13:19
Speaker 1: days to comment in the proposal, with a final SEC
13:22
Speaker 1: decisionspected by April ninth, twenty twenty five, so this will
13:26
Speaker 1: be next year. But Nasdek's experience with options trading on
13:29
Speaker 1: commodity ETF positions, so it's well to extend similar offerings
13:33
Speaker 1: to ethereum. ETFs could be a good move here, and
13:35
Speaker 1: again Blackrock I think very pro on the whole idea
13:39
Speaker 1: of ETF, especially coming from these risk assets. We'll probably
13:42
Speaker 1: see a lot more of these coming into the market.
13:45
Speaker 1: Other points I want to hit on right here. Morgan
13:47
Speaker 1: Stanley clients get permission now to expand bitcoin ETF investments
13:51
Speaker 1: starting today, and this is going to hit a lot
13:53
Speaker 1: of people. The ets will now be available through another
13:56
Speaker 1: fifteen thousand new zooment on that for you guys, fifteen
13:59
Speaker 1: thousand finale advisors and their clients with a net worth
14:03
Speaker 1: of at least one point five million. So this is
14:05
Speaker 1: bringing in some pretty significant money on people who are
14:10
Speaker 1: maybe looking for alternatives out there. And I think this
14:13
Speaker 1: will be a big one because it's really starting to
14:15
Speaker 1: leverage into the size of the market overall. It will
14:20
Speaker 1: grant access to two of the most popular bitcoin ets,
14:22
Speaker 1: black Rocks I Shares and ibit, and then the Fidelity
14:27
Speaker 1: Wise Origin Bitcoin fun FBDC. Their move makes a provision
14:31
Speaker 1: for shifting scenery with digital assets by placing familiar financial
14:35
Speaker 1: instruments in front of all these Morgan Stanley clients. So
14:38
Speaker 1: this will be bullish. I think this is bullish in general,
14:40
Speaker 1: but again it does get into the whole idea of
14:43
Speaker 1: centralized I understand that I hear your complaints about that.
14:48
Speaker 1: So one thing to carry on with this is just
14:50
Speaker 1: the framework of how Morgan Stanley is addressing this for
14:54
Speaker 1: the market. One is it's very positive for the markets
14:58
Speaker 1: in general, and it alsokind of now gives a new
15:01
Speaker 1: opportunity because many people were saying the wirehouses, you know,
15:04
Speaker 1: we had Kathy Wood talking about this earlier, the wirehouses
15:06
Speaker 1: weren't exposed to this. Now they will be. This of
15:08
Speaker 1: course also starts to generate opportunities for more products, So
15:13
Speaker 1: you're going to see more products coming in on bitcoin
15:15
Speaker 1: and eighth that'll play into this as well. All is
15:17
Speaker 1: very positive, So could this be maybe the last real
15:20
Speaker 1: buying opportunity before we see these run ups take off?
15:24
Speaker 1: There are other factors that play into this. Obviously, interest rate, yes,
15:27
Speaker 1: that's going to be most likely coming down in September.
15:29
Speaker 1: We have an election coming up. Yes, that's going to
15:32
Speaker 1: happen in November. All of this still very bullish as
15:35
Speaker 1: long as we don't see something crazy that's more of
15:37
Speaker 1: a black swan gray swan event that starts to hit
15:40
Speaker 1: the markets. So right now could be an interesting time
15:44
Speaker 1: for getting back into the market in a way that
15:48
Speaker 1: might be positioning some of your projects out there. Other
15:51
Speaker 1: things that are happening right now. Crypto for Harris this
15:53
Speaker 1: is a town hall that is now going to be
15:56
Speaker 1: the event. It's happening on Wednesday night. This is right
15:58
Speaker 1: before the d C with Rocanna, so that's kind of
16:03
Speaker 1: the roundtable. Two different events, but this is one that
16:05
Speaker 1: we might get a little bit of a hint of
16:08
Speaker 1: the Harris campaign's position on crypto could open things up
16:12
Speaker 1: for it. We'll see how this plays out for sure,
16:15
Speaker 1: Aerlen or Tarrett of course breaking some details right here
16:18
Speaker 1: on crypto for Harris. The group behind it this is
16:21
Speaker 1: organizers of mixed industry participants, including Sheila Warren of the
16:25
Speaker 1: Crypto Council, So kudos to Sheila for getting that done.
16:28
Speaker 1: Next week's town hall also is going to be featuring
16:31
Speaker 1: I think our one best opportunity is going to be
16:35
Speaker 1: Richie Torres. I think he is really a rock star
16:38
Speaker 1: when it comes to understanding, and this guy's a Democrat,
16:40
Speaker 1: so definitely good Wiley Nicholby, there, Don Davis, and a
16:44
Speaker 1: handful of others, with of course Rocanna and Mark Cuban
16:47
Speaker 1: and Scaramucci. We'll see how this plays out, because listen,
16:51
Speaker 1: at this point, we are in a position right now
16:53
Speaker 1: where we don't really understand what many of these candidates
16:57
Speaker 1: stand for, especially around especially from the Democrats, because it's
17:01
Speaker 1: been a scenario where the Biden demonstration just has not
17:04
Speaker 1: really opened up to that maybe things are changing. We
17:07
Speaker 1: will see, all right. With all that being said, I
17:10
Speaker 1: want to jump to this clip right here. This is
17:11
Speaker 1: David Plouf, which is one of the campaign managers now
17:14
Speaker 1: former blockchain enthusiasts and also involved in a lot of
17:17
Speaker 1: different projects, and he talks about the potential here. So
17:20
Speaker 1: take a look.
17:22
Speaker 5: I spent some time at Uber and still do some
17:24
Speaker 5: work for them now, and there's some lessons there, which
17:26
Speaker 5: is I think oftentimes when they're new technology comes. We
17:29
Speaker 5: saw that with Airbnb two. You know, policymakers and regulators
17:32
Speaker 5: will say, how do we fit this new thing into
17:34
Speaker 5: our old regulations? And that generally doesn't work. I know
17:37
Speaker 5: that from being a government I mean, I remember when
17:39
Speaker 5: Barack Obama asked us in government he wanted every regulation
17:43
Speaker 5: reviewed that was on the books to make sure it
17:46
Speaker 5: was still fit for a purpose. And we got rid
17:47
Speaker 5: of hundreds of them, if not thousands, that might have
17:50
Speaker 5: made sense, you know, thirty years ago, but didn't make
17:52
Speaker 5: sense anymore. So the question is how do you craft
17:56
Speaker 5: new regulations? Because there has to be new regulations. How
17:59
Speaker 5: do we helped raise wages incredibly important, But there's a
18:04
Speaker 5: flip side that you can also focus on, which is
18:06
Speaker 5: how do we decrease costs? You know, it has the
18:08
Speaker 5: same effect on people's bottom line, and I think crypto
18:11
Speaker 5: and blockchain ultimately can save people a lot of money,
18:14
Speaker 5: particularly in the lower end of the income spectrum, which
18:17
Speaker 5: couldn't be more important that. I like to see governments,
18:20
Speaker 5: you know, openly talk about the value of these platforms,
18:24
Speaker 5: you know, real estate rental agreements, small business loans, you know,
18:28
Speaker 5: all the way down to remittance. Is all of those
18:31
Speaker 5: things right now super burdensome lots of time, a lot
18:35
Speaker 5: of fees, and I think this technology offers the promise
18:39
Speaker 5: to reduce a lot of that. You want to make
18:40
Speaker 5: sure that a lot of that is is fostered here
18:43
Speaker 5: in the United States.
18:45
Speaker 6: So now David has indeed joined the Harris Wolfs campaign
18:50
Speaker 6: as a senior advisor.
18:52
Speaker 5: Interesting, So.
18:54
Speaker 1: Your take on the pick.
18:57
Speaker 5: These are mainstream, popular accomplishments cutting taxes, you know, especially
19:02
Speaker 5: aimed at small businesses and working families. And of course
19:06
Speaker 5: if Jdvans decides to debate, you know, Donald Trump right
19:09
Speaker 5: now is in the mode of ducking debates. I look
19:11
Speaker 5: forward that debate. I mean Tim Walls is normal, mainstream
19:17
Speaker 5: and happy and Jdvans is weird, extreme and angry.
19:25
Speaker 1: All right. So the good thing here is that maybe
19:27
Speaker 1: on both sides we have crypto positions now, and that's
19:30
Speaker 1: the good thing that is going to be great for
19:32
Speaker 1: everybody out there. So if you're a single issue which
19:35
Speaker 1: I think if you're following us on our channel, you
19:37
Speaker 1: probably are a single issue voter, and that is something
19:40
Speaker 1: that's good for crypto in general. Kevin O'Leary actually talked
19:43
Speaker 1: a little bit more in detail what he thought about
19:46
Speaker 1: what was happening.
19:46
Speaker 3: Take a look, and I'm happy to finance with a
19:49
Speaker 3: Democrat or Republican or independent. When you're trying to raise
19:52
Speaker 3: a billion dollars, you don't care where it comes from.
19:54
Speaker 3: And so we've been talking a lot about strategy here
19:57
Speaker 3: regarding Harris how Comes. She hasn't taken an interview yet,
20:01
Speaker 3: and I'll tell you exactly why fundraising is paramount right now.
20:06
Speaker 3: And she is knocking out the lights in low amounts
20:09
Speaker 3: and in high amounts, and so with her strategists last
20:12
Speaker 3: week they decided they're not going to go in front
20:15
Speaker 3: of any press.
20:17
Speaker 1: They don't have to.
20:18
Speaker 3: They're going to get the euphoria of today. They will
20:21
Speaker 3: dominate the airwaves and social media today right in to
20:25
Speaker 3: the convention, suck the air out of all the media
20:28
Speaker 3: then and raise another hopefully two hundred million dollars. So
20:32
Speaker 3: the game doesn't start on policy until after that happens,
20:37
Speaker 3: because there's absolutely no reason to stop this momentum. And
20:41
Speaker 3: that's a smart move. And in asking these advisors that
20:45
Speaker 3: twenty percent and seven swing states, that's everything Trump and
20:49
Speaker 3: his team are painting her with such a radical brush.
20:52
Speaker 3: That's that's damaging in the Swing States, and it can't
20:55
Speaker 3: go on forever. So she's balancing do I keep raising
20:58
Speaker 3: money or do I get myself into a policy debate
21:01
Speaker 3: on the air on a national network. And I think
21:04
Speaker 3: money first, always money first in politics. Suck every drop,
21:09
Speaker 3: ride the euphoria. Then let's deal with this move to
21:13
Speaker 3: the center, and that's when it's going to get interesting.
21:15
Speaker 3: And one last thought. Vice presidents are completely inconsequential. It's
21:20
Speaker 3: they are irrelevant, as she was seventeen days ago.
21:24
Speaker 1: All right, So a lot being said there by O'Leary
21:27
Speaker 1: and ironically, I agree with him in the sense that, yes,
21:31
Speaker 1: these are strategies in which you look at if you're
21:34
Speaker 1: raising money, it's kind of like when you're fundraising for startup,
21:37
Speaker 1: same kind of thing. You're out there pounding the streets
21:39
Speaker 1: trying to get that startup money raised, and that's the
21:42
Speaker 1: same kind of thing around political that last sixty days
21:45
Speaker 1: to forty five days is going to be critical around
21:48
Speaker 1: this campaign. So a lot happening here. Other things that
21:51
Speaker 1: are happening is this right here, pro crypto superPAC Fairshake
21:55
Speaker 1: has just now announced it's going to spend twenty five
21:57
Speaker 1: million on TV ads to eighteen House candidates. That's the
22:02
Speaker 1: big deal here, because we've already started to see losses
22:06
Speaker 1: that have started to come in on things like the
22:08
Speaker 1: House Democrats. Again, this is money on money, guys. This
22:12
Speaker 1: is where we're going to be looking at how do
22:14
Speaker 1: you win the House and the Senate because at the
22:15
Speaker 1: end of the day, you're going to need to be
22:17
Speaker 1: able to pass law, and to do that you cannot
22:20
Speaker 1: have situations where you cannot get through both the House
22:23
Speaker 1: and the Senate and into the President's desk. So a
22:25
Speaker 1: lot of things happening right now. So many moving parts
22:28
Speaker 1: and a lot of chess is now being played out there.
22:31
Speaker 1: If you look at this, it is getting close, very
22:34
Speaker 1: close on the election itself. We'll see how this plays
22:38
Speaker 1: out over the next few months as things start to
22:40
Speaker 1: get a little bit more tight. And I want to
22:41
Speaker 1: go a little bit onto things that are coming out
22:43
Speaker 1: of the Trump camp. This is Eric Trump talking about
22:46
Speaker 1: he's following low with crypto, specifically DeFi, So stay tuned
22:50
Speaker 1: for a big announcement. I don't know what they're up to,
22:52
Speaker 1: because it's both Eric and also Donald Trump Junior talking
22:57
Speaker 1: about this, and we're about to shake up the crypto
22:59
Speaker 1: world something huge decentralized finance in the future. Don't get
23:02
Speaker 1: left behind. This is interesting. If it's good for the
23:06
Speaker 1: crypto community, this will be great. If it's good for
23:09
Speaker 1: the Trump family. I don't know that this would be
23:11
Speaker 1: a good thing to be spouting with this if they
23:14
Speaker 1: have a strategy that does something with DeFi that is
23:18
Speaker 1: part of policy, okay, back in the game. I think
23:21
Speaker 1: that is something that would be creative and could start
23:25
Speaker 1: to edge into which camp has the best opportunity. It
23:30
Speaker 1: is so interesting to see that crypto is in the
23:33
Speaker 1: center crosshairs of all of these situations playing into what's
23:38
Speaker 1: happening around the political landscape right now. This is good
23:41
Speaker 1: for the market, I think in general, and I think
23:43
Speaker 1: it's going to be good for the United States. So
23:45
Speaker 1: if you guys are not part of our diamond circle,
23:48
Speaker 1: get in right now, because that is what keeps innovation
23:51
Speaker 1: coming into PBN, and that is of course you guys,
23:54
Speaker 1: and we love to get your comments. Always drop some
23:56
Speaker 1: comments down below. If you're not subscribed to the channel,
23:58
Speaker 1: make sure and hit that subscribe button right now. Do
24:01
Speaker 1: it today, because it makes a difference on being able
24:04
Speaker 1: to get this news out there to people who maybe
24:06
Speaker 1: for the first time starting to try to correct their
24:08
Speaker 1: own financial condition and get into crypto. We'll see how
24:11
Speaker 1: it all plays out. If you're not following me on X,
24:14
Speaker 1: do that at Paul Baron. We'll catch you next time
24:16
Speaker 1: right here on tech Path