Latest / The Paul Barron Crypto Show / Bitcoin Collapses!🔥Crypto Market Crash
Transcript
- 0:00Speaker 1: The market is continuing to fall today. We'll break it
- 0:02Speaker 1: down for you. Let's get into it. This is a
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- 0:30Speaker 1: Let's get into it today. I do want to focus
- 0:32Speaker 1: on where the market is heading because this is getting
- 0:36Speaker 1: bloody and of course six point seven billion in crypto
- 0:39Speaker 1: liquidation just six days. This continues to spend downward as
- 0:43Speaker 1: Bitcoin of course is approaching seventy K today as we
- 0:47Speaker 1: record around seventy two K A lot pushing in here,
- 0:51Speaker 1: and of course many people would look at this and
- 0:53Speaker 1: say is this a full bear market? I think when
- 0:55Speaker 1: you see some of the data today you might agree
- 0:58Speaker 1: maybe it is. If you look at the fear and
- 0:59Speaker 1: greed coming in right Now, remember this is just kind
- 1:02Speaker 1: of a high or low as we pushed down to
- 1:04Speaker 1: around fourteen. Remember right here we hit a ten and
- 1:08Speaker 1: that was back in November, and of course that was
- 1:11Speaker 1: all through the issue of the Trump transition skyrocketing almost
- 1:17Speaker 1: up to fifty and then of course the plummet that
- 1:19Speaker 1: we have seen over the past few months, which is
- 1:23Speaker 1: definitely affecting the markets in general. Not only that, you
- 1:27Speaker 1: have to also consider where and if we are in
- 1:30Speaker 1: a bear market. If you look at what the poll
- 1:32Speaker 1: is saying, you might say, all right, well, is the
- 1:34Speaker 1: crypto bear market confirmed?
- 1:36Speaker 2: Yes?
- 1:36Speaker 1: No, yes for bitcoin or not? For eth I'm going
- 1:39Speaker 1: to say yes, it's confirmed, and that is what most
- 1:42Speaker 1: of you are saying right now. In comparison, I think
- 1:46Speaker 1: this is the thing we've been watching for some time,
- 1:49Speaker 1: and that has been we hit all time highs. It
- 1:52Speaker 1: will be sometime before we start to see some of
- 1:54Speaker 1: this retrace. Now. A lot of this really boils down
- 1:57Speaker 1: to where the market is heading and why those indicators
- 2:01Speaker 1: are continuing to push. If you just look at our channel,
- 2:03Speaker 1: this is the kind of red that has been within
- 2:07Speaker 1: the channel for quite some time. It is a problem overall,
- 2:11Speaker 1: and one thing I want to compare to when you
- 2:13Speaker 1: look at not only the fact that we are in
- 2:16Speaker 1: the red right now, but we are potentially seeing even
- 2:19Speaker 1: more blood coming to the water.
- 2:21Speaker 2: And I'll get into that.
- 2:22Speaker 1: I want to go in and play a clip real
- 2:23Speaker 1: quick because this will get into a little bit more
- 2:25Speaker 1: detail from what has been a very bullish Mike novograts.
- 2:30Speaker 2: Take a look.
- 2:31Speaker 3: Listen, you never actually know where market's bottom, right crypto.
- 2:35Speaker 3: When bitcoin went through one hundred thousand, that was a
- 2:38Speaker 3: major level it broke down on. And so Bitcoin was
- 2:41Speaker 3: not supposed to act like this, right. You had goal
- 2:45Speaker 3: prices higher, the NASDAK higher, rates going lower. This was
- 2:50Speaker 3: a yeah, the Trump administration, which is very pro crypto,
- 2:54Speaker 3: and so you know, something went wrong. And I think
- 2:57Speaker 3: what ended up happening was people finally started taking profits
- 3:01Speaker 3: after we crossed one hundred. It felt like the community
- 3:03Speaker 3: had won and it was a side of relief. Listen,
- 3:06Speaker 3: there's a couple things that could help right, market structure.
- 3:09Speaker 3: Bill passing would be a big deal.
- 3:12Speaker 2: All right.
- 3:12Speaker 1: So one point to Mike's benefit there is he did
- 3:17Speaker 1: hit it on the head. I think market structure is
- 3:18Speaker 1: the one that will have some benefit to the market.
- 3:22Speaker 1: Now does this get crypto off the floor is the
- 3:25Speaker 1: real question. If you look at what's happening with gold
- 3:27Speaker 1: and silver, and then eventually I think we're gonna see
- 3:29Speaker 1: this around token is stocks, which will most likely be
- 3:32Speaker 1: one of the bigger trends that we'll probably see in
- 3:35Speaker 1: twenty twenty six. But Bitcoin now has crashed fifty three
- 3:38Speaker 1: thousand in the last one hundred and twenty days from
- 3:41Speaker 1: its peak of one to twenty six. This was in
- 3:42Speaker 1: October of twenty twenty five. Bitcoin has now dropped to
- 3:45Speaker 1: a new yearly low of seventy three to two. Actually
- 3:48Speaker 1: that is now down below seventy three k as we record.
- 3:52Speaker 1: So if you look at the S and P five
- 3:54Speaker 1: hundred right now, SMP up down to like a point
- 3:58Speaker 1: and a half from all time high, Nasdaq three half,
- 4:00Speaker 1: and then of course the rustle two thousand and four
- 4:02Speaker 1: point two, So Bitcoin down forty two percent, eight fifty
- 4:06Speaker 1: six percent from all time highs. This is the problem
- 4:10Speaker 1: that you're going to continue to see. I think in
- 4:12Speaker 1: general now many.
- 4:12Speaker 2: People would look at this and say, well, Paul, this.
- 4:14Speaker 1: Is exactly what I've been waiting for, because I haven't
- 4:17Speaker 1: been invested in crypto. I'm waiting for this thing to
- 4:20Speaker 1: fall through the floor and be able to catch this
- 4:24Speaker 1: right when regulatory alignment gets put into play and global
- 4:28Speaker 1: adoption starts to make its way through. Now where would
- 4:31Speaker 1: that come from. Well, many people would look at this
- 4:33Speaker 1: right here. Bitcoin is always retested it's two hundred week
- 4:36Speaker 1: EMA after losing the one hundred week EMA. And I'll
- 4:40Speaker 1: show you a chart here in a second, because this
- 4:42Speaker 1: is where it gets a little kind of sketchy overall.
- 4:46Speaker 2: All right, So when you take.
- 4:47Speaker 1: A look at the two hundred and the three hundred
- 4:49Speaker 1: EMA right here, if you go in and look at
- 4:52Speaker 1: the bear market in twenty twenty two, this is where
- 4:55Speaker 1: we saw bitcoin come back down to sixteen K.
- 4:57Speaker 2: Right.
- 4:58Speaker 1: If you look at that, we actually consolidated in this
- 5:01Speaker 1: area for a long period of time, and this was
- 5:03Speaker 1: the three hundred day moving average.
- 5:05Speaker 2: And you compare that right now.
- 5:07Speaker 1: Because many people have been pointing at this zone right here,
- 5:10Speaker 1: which is around the sixty eight K, saying that is
- 5:14Speaker 1: the bottom. Now, it could be the case because of
- 5:17Speaker 1: the way that bitcoin has been trading, maybe it never
- 5:19Speaker 1: retouches the three hundred or it repeats exactly what a
- 5:24Speaker 1: last market did, and of course that pushes us into
- 5:27Speaker 1: right around fifty five K. So let me know in
- 5:30Speaker 1: the comments do you think the fifty five k is
- 5:32Speaker 1: in the cards for bitcoin as we start to cruise
- 5:35Speaker 1: through this bear market. Other things I want you guys
- 5:38Speaker 1: to take a look at as the Senate is now
- 5:41Speaker 1: doing something which is closed door crypto market structure meetings. Now,
- 5:44Speaker 1: this is what's happening right now, and there's not a
- 5:46Speaker 1: lot of people talking about this. Eleanor's out there putting
- 5:49Speaker 1: out data. But the point I think is this is
- 5:51Speaker 1: trying to get an alignment around what's going to happen
- 5:54Speaker 1: on the negotiation floor coming in from these lobbies that
- 5:58Speaker 1: are now basically getting their talking points to their mouthpieces,
- 6:03Speaker 1: meaning Senators and Democrats and both Republicans and Democrats. This
- 6:08Speaker 1: is what's happening right now, closed door meeting. So I
- 6:11Speaker 1: don't know if we get something this week, but I
- 6:12Speaker 1: would anticipate something very soon that start to go give
- 6:15Speaker 1: us a little bit more indication on where clarity is
- 6:18Speaker 1: going to come. Here's Michael Berry saying, listen, if bitcoin
- 6:22Speaker 1: continues its ongloing decline, this could destroy a lot of
- 6:26Speaker 1: value and we could see companies who are holding bitcoin
- 6:29Speaker 1: reserves start to exit.
- 6:31Speaker 2: Now do you think that we would see.
- 6:33Speaker 1: Someone like Tazla or others that would simply say, hey,
- 6:37Speaker 1: I am at the point of no return.
- 6:39Speaker 2: Bitcoin is off the table.
- 6:40Speaker 1: Or is it something that they worry about, because I
- 6:42Speaker 1: think a lot of people look at long term holding here.
- 6:45Speaker 1: I know that's what Sailor and many of the bitcoiners
- 6:48Speaker 1: will tell you. Don't look at next year, look in
- 6:50Speaker 1: next ten years.
- 6:51Speaker 2: Many people will say, I'm going to.
- 6:52Speaker 1: Look at the next two years, three years, five years,
- 6:54Speaker 1: whatever that might be. But if you are in a
- 6:57Speaker 1: potential some people might say, listen, a bitcoin goes down
- 7:01Speaker 1: below sixty K, I'm buying more, or I'm buying more
- 7:04Speaker 1: if it hits fifty k. Is that an opportunity that
- 7:07Speaker 1: you would take advantage of? In terms of how the
- 7:09Speaker 1: market is still playing out right now, Look at Sailor's
- 7:11Speaker 1: position right here, just to zoom in on that his
- 7:15Speaker 1: bitcoin rules amid the price dip. Right now, he holds
- 7:18Speaker 1: seven hundred and thirteen thousand plus bitcoin bought at an
- 7:21Speaker 1: average of seventy six k. We are below that now.
- 7:25Speaker 1: He's got a little bit of a lease on life
- 7:27Speaker 1: right now. But man, I would agree this guy has
- 7:30Speaker 1: got some big cone is going forward right here. Master
- 7:35Speaker 1: not a great stot, not great management people out there
- 7:37Speaker 1: pushing hard against it. But the current price, considering the
- 7:40Speaker 1: bitcoin holdings and the MNAV which is what we'll talk about,
- 7:43Speaker 1: is a good pick to go long and accumulate it
- 7:45Speaker 1: if you want to go that direction. Because this guy,
- 7:47Speaker 1: of course, is talking about how Sailor could be in
- 7:51Speaker 1: a good position around Master. And if you look at
- 7:52Speaker 1: the market on micro Strategy, let's go back from where
- 7:56Speaker 1: they were here at the bottom before we started to
- 7:58Speaker 1: see the run up. That's the kind of gain you're looking.
- 8:01Speaker 1: That's twenty eight hundred percent all the way to that
- 8:03Speaker 1: wick that occurred right there on the thirteenth of January
- 8:07Speaker 1: in twenty twenty five. If you come right down to here,
- 8:10Speaker 1: that was four forty one on its high and even again,
- 8:14Speaker 1: I'll stay with that because the four to forty one.
- 8:17Speaker 2: Is about the range.
- 8:17Speaker 1: But that would be a very interesting scenario if we
- 8:21Speaker 1: do see it continued to fall because it is now
- 8:23Speaker 1: below some of these moving averages that kind of aligned.
- 8:26Speaker 1: So Bitcoin continue to fall, we could see Sailor and
- 8:30Speaker 1: micro Strategy pushing further.
- 8:32Speaker 2: So where is ETHERORYU?
- 8:34Speaker 1: I'm not looking right now, if you look at the
- 8:35Speaker 1: data companies, Digital Astra treasuries were out there, six point
- 8:38Speaker 1: eight one million in eighth purchased right now, about five
- 8:42Speaker 1: point six percent of the supply, all bought in the
- 8:44Speaker 1: three to four five K range, which would be big.
- 8:48Speaker 2: So institution's fomo. I don't know.
- 8:51Speaker 1: I'm not sure if this is going to be a
- 8:52Speaker 1: good position for many of these guys. Are they going
- 8:54Speaker 1: to get pressured by their stockholders to start jettising.
- 8:57Speaker 2: Some of this eight? I don't know.
- 8:59Speaker 1: We'll see here, of course is eth Zilla. That's one
- 9:03Speaker 1: that is doing it, and they started moving out and
- 9:07Speaker 1: moving into some other assets. I don't know if you
- 9:08Speaker 1: would call jet Engines assets, but that's what they're doing
- 9:11Speaker 1: with it. And this, of course is one of the
- 9:14Speaker 1: not necessarily one of the top, definitely not Tom Lee
- 9:16Speaker 1: level with bitmine, but definitely it is something to pay
- 9:20Speaker 1: attention to as dats start.
- 9:21Speaker 2: To reposition a little bit.
- 9:23Speaker 1: Here, of course, is Tom Lee hitting on this, He
- 9:25Speaker 1: buys another forty million of eight despite a six and
- 9:28Speaker 1: a half billion dollar loss. We are going to see
- 9:31Speaker 1: a seven billion dollar unrealized loss with bitminor that that
- 9:37Speaker 1: would be astonishing, all right, So I want to compare
- 9:41Speaker 1: this to micro Strategy and if you look at micro
- 9:44Speaker 1: top BITCOINDT, if you look at bitmin top eight dat,
- 9:48Speaker 1: So how are they performing on their MNAV If you
- 9:50Speaker 1: look at the bear market all the way back here
- 9:52Speaker 1: into twenty twenty two, that was the period in which
- 9:55Speaker 1: micro Strategy was dropping below it's MNAV and right there
- 9:58Speaker 1: was its lowest. Did not stay the there long because
- 10:01Speaker 1: what the market seems to do is reward a lot
- 10:04Speaker 1: of these premium dats by keeping it above because that
- 10:08Speaker 1: is the factor that you have to look at long
- 10:10Speaker 1: term of where that market is heading. And even now
- 10:14Speaker 1: it's only been about a month since Strategy has started
- 10:17Speaker 1: to drop below NAV again. So maybe that does play
- 10:20Speaker 1: out for bitmine overall. If you look at the stock
- 10:23Speaker 1: right now on bitmind, this is the zone we're in
- 10:26Speaker 1: right around twenty bucks. Could it get back down to
- 10:29Speaker 1: the zone of around eight to ten dollars? I don't know,
- 10:32Speaker 1: you guys, let me know what you think. Is this
- 10:35Speaker 1: a play for maybe at least a hedge on Ethereum,
- 10:39Speaker 1: let me know how you guys are looking at that.
- 10:42Speaker 1: Other things I want to hit on right here. I
- 10:44Speaker 1: think it's going to be very hard for allocators to
- 10:46Speaker 1: rationalize being long on Ether in twenty twenty six.
- 10:48Speaker 2: Is if this is a bear market.
- 10:50Speaker 1: We're going to see Eth continue its downslide. And the
- 10:54Speaker 1: point is is where does it stop? Where is it
- 10:58Speaker 1: a point that you might add to your Eth bag
- 11:00Speaker 1: and say, I'm gonna buy that dip.
- 11:02Speaker 2: Now, this is the cass I think the.
- 11:04Speaker 1: Issue that I think a lot of people are kind
- 11:05Speaker 1: of compared to right now. And if you look at polymarket,
- 11:08Speaker 1: we're starting to see a flipping of Eth, not a
- 11:11Speaker 1: flipping of Bitcoin, but Eth possibly being flipped by another
- 11:15Speaker 1: token here this year, and it's rising fast as Eth
- 11:19Speaker 1: continues its downward trend. So there is a lot going
- 11:23Speaker 1: on in the markets right now. Overall onto some good
- 11:26Speaker 1: news here, of course, with some news out of Salona.
- 11:28Speaker 1: They partner with Gusto. Gusto is a payment company. It's
- 11:32Speaker 1: very similar ADP. What this means though, is that contractors
- 11:36Speaker 1: now can be paid same day with stable coins.
- 11:39Speaker 2: Now.
- 11:39Speaker 1: I don't know if it's immediate. I'm going to try
- 11:42Speaker 1: to test this out and see if this is going
- 11:43Speaker 1: to work, But the point is is it does open
- 11:46Speaker 1: up an opportunity for immediacy around payments, which has in
- 11:50Speaker 1: the past taken a few days if not next day.
- 11:53Speaker 1: So that is a big factor. I think that could
- 11:56Speaker 1: maybe implicate on the economy. Does that start to put
- 11:59Speaker 1: money in people's hands faster? Do we see that kind
- 12:01Speaker 1: of jettison maybe start to transition. A lot of opportunities here,
- 12:05Speaker 1: I think around payroll, it is just getting started. Avalanche,
- 12:09Speaker 1: if it has any time or any possibility of redemption,
- 12:12Speaker 1: it needs to reverse right now. Otherwise it's going to
- 12:14Speaker 1: fall through the floor and deep into the sub basement.
- 12:17Speaker 1: If I go back and look at the history on avalanche,
- 12:19Speaker 1: the last time we saw the sub basement which was
- 12:22Speaker 1: below five bucks geez. This is all the way back
- 12:25Speaker 1: into January of twenty twenty one, and we are at
- 12:28Speaker 1: that zone right now of around nine dollars that has
- 12:32Speaker 1: been defensible for Avalanche for a long time. This is
- 12:34Speaker 1: as low as we have seen it in modern history
- 12:38Speaker 1: for this token. So another big one. Are you holding
- 12:41Speaker 1: Avalanche out there right now?
- 12:42Speaker 2: Guys?
- 12:43Speaker 1: Let me know what the comments last up I want
- 12:45Speaker 1: to hit on. This has got Bessen defending how the
- 12:47Speaker 1: US is seizing and holding a bitcoin.
- 12:50Speaker 4: Take a look that within the context of acid diversification,
- 12:55Speaker 4: within banks they could hold many assets.
- 12:58Speaker 5: They can, and they're different to But do you have
- 13:01Speaker 5: the authority to order banks to buy bitcoin or to
- 13:04Speaker 5: invest US tax dollars in bitcoin or trump coin?
- 13:08Speaker 4: I am Secretary of the Treasury. I do not have
- 13:11Speaker 4: the authority to do that, and as share of f
- 13:13Speaker 4: SoC I do not have that authority.
- 13:16Speaker 5: So we're not going to see our tax dollars invested
- 13:18Speaker 5: in crypto assets.
- 13:21Speaker 4: Well, why would a private bank be your tax dollars? Congressmen,
- 13:24Speaker 4: excuse me.
- 13:24Speaker 5: I'm now asking about the money of our taxpayers, which
- 13:28Speaker 5: you manage, and Secretary of the Treasury, is it going
- 13:30Speaker 5: to be deployed into crypto assets?
- 13:33Speaker 4: We are retaining seize bitcoin.
- 13:37Speaker 5: That's not exactly taxpayer money. You collect a lot of taxes.
- 13:40Speaker 4: This money that is an asset of the US.
- 13:42Speaker 5: It's an asset of the And are you going to
- 13:46Speaker 5: invest in and I will point out mister secretary reclaiming
- 13:49Speaker 5: my time.
- 13:50Speaker 6: Are you going to invest from Calvin that sets seizure,
- 13:53Speaker 6: that one billion of bitcoin was seized, five hundred million
- 13:57Speaker 6: was retained, and that five hundred million has become over
- 14:00Speaker 6: fifteen bill.
- 14:00Speaker 5: Gentlemen's time has.
- 14:01Speaker 2: Expired, all right to his point.
- 14:04Speaker 1: It is American taxpayer money, because anything the government owns,
- 14:07Speaker 1: that's taxpayers. And if you look at what he's trying
- 14:10Speaker 1: to get to is that it has gone up. And
- 14:13Speaker 1: the whole idea of it is just a whole long
- 14:16Speaker 1: term if you're looking at a long term asset class,
- 14:19Speaker 1: no matter what it might be, you know, if you've
- 14:21Speaker 1: got a five year window, a ten year window. Many
- 14:23Speaker 1: people really are, I think starting to understand that that's
- 14:27Speaker 1: what matters most.
- 14:29Speaker 2: This is going to be a big week.
- 14:30Speaker 1: We'll continue to report right here. If you like this video,
- 14:40Speaker 1: like and subscribe, drop a comment down below, and also
- 14:43Speaker 1: join our free private member group.
- 14:45Speaker 2: The link is in the description