Latest / The Paul Barron Crypto Show / Midterm Countdown ⏳ Tokenization Leaving U.S

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Midterm Countdown ⏳ Tokenization Leaving U.S · The Paul Barron Crypto Show

0:00
Speaker 1: Midterms could be affecting how the crypto markets lay up.
0:02
Speaker 1: And one other thing is happening, and that is tokenization.
0:06
Speaker 1: Is it on a countdown for maybe leaving the U.S.?
0:09
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0:43
Speaker 1: that you should be doing. to set yourself up for success.
0:46
Speaker 1: I want to start with this. And that, of course,
0:48
Speaker 1: is where the market sensitivity is. And it is very
0:51
Speaker 1: sensitive right now as we look at where the stock
0:54
Speaker 1: market is holding. And this just dipped into the extreme
0:58
Speaker 1: fear this morning. So we've already seen a significant amount
1:02
Speaker 1: of fall off in the S & P 500. And
1:05
Speaker 1: also it has affecting crypto as well. When you look
1:08
Speaker 1: at that, we are now hitting 34. Last time we
1:12
Speaker 1: had pushed into that was around August. So this is
1:15
Speaker 1: a concern overall, but I think a lot of people
1:18
Speaker 1: are looking at what's going on in the midterms and
1:20
Speaker 1: trying to kind of come to an understanding that once
1:24
Speaker 1: this is over, maybe there's an upside to it or
1:27
Speaker 1: maybe things get a little crazy. And I think that's
1:30
Speaker 1: the question that we're trying to answer is where does
1:32
Speaker 1: it go from here? One thing that is for sure
1:35
Speaker 1: is that we are seeing a continuation of the bleed.
1:39
Speaker 1: And that is $ 3. 4 trillion coming off of the AI
1:42
Speaker 1: stocks in October. You can kind of see the numbers here, guys.
1:45
Speaker 1: These are pretty amazing numbers. In one month, Intel down 43%,
1:49
Speaker 1: Corwi 37%, Nebius 36%, Sandisk 33%. You can see it. Dell,
1:50
Speaker 1: which had been flying, is now down 22%.
1:52
Speaker 2: SK Hynix, 19.8%.
1:52
Speaker 1: Point Bing and even Micron at 17.8% down in October.
1:55
Speaker 1: So definitely not a good month. for the AI trade.
2:09
Speaker 1: And how does this start to move from here? I
2:12
Speaker 1: think everybody is trying to understand. And there's one thing
2:15
Speaker 1: that starts to correlate to what's happening in this market,
2:19
Speaker 1: and it correlates to big tech. Well, if you look
2:22
Speaker 1: at the Senate race right now that's giving big tech
2:25
Speaker 1: the chills, it is this one right here with Sherrod Brown.
2:27
Speaker 1: There's a few things I want to highlight in this article.
2:30
Speaker 1: It's a high-stakes gamble for Silicon Valley Titans that is
2:34
Speaker 1: making some of the tech world very nervous, and that's
2:36
Speaker 1: in reference to this, mainly because Sherard Brown, a victory,
2:40
Speaker 1: could undermine crypto's vaulted political operation and offer a new playbook,
2:45
Speaker 1: which could get very concerning around the issue with AI
2:50
Speaker 1: data centers. And I'll talk about that in a second
2:52
Speaker 1: because I think this may spin two ways, even if
2:55
Speaker 1: the Democrats win, both the House and the Senate. And
2:58
Speaker 1: then last up was this right here. This is definitely
3:01
Speaker 1: the most important race, at least in this current landscape,
3:05
Speaker 1: in terms of dictating the attitude towards tech and crypto
3:09
Speaker 1: for the next Congress. And then, of course, by Ron Hammond.
3:12
Speaker 1: We're going to have him on tomorrow. He'll talk a
3:14
Speaker 1: little bit about that. And remember, this is because this
3:16
Speaker 1: was under the Senate Finance Committee. And this is kind
3:19
Speaker 1: of the, I won't say the do-boy for Senator Warren,
3:23
Speaker 1: but for the most part, yes, he has been the
3:26
Speaker 1: puppet of Senator Warren. And I think this will only continue.
3:30
Speaker 1: So watching that race is a huge issue right now.
3:34
Speaker 1: As you look at the Senate race, 74%, highest it's
3:38
Speaker 1: been ever, of the Democrats taking the Senate and running
3:43
Speaker 1: a full blue wave across both the Senate and the House,
3:47
Speaker 1: which would put the Trump administration reeling in trying to
3:51
Speaker 1: deal with how the Senate and the House would go
3:54
Speaker 1: to market basically in D.C. around the things they're going
3:58
Speaker 1: to do to run Congress over the next several years.
4:02
Speaker 1: So you've got that, and then you have the U.S.-Iran
4:05
Speaker 1: deal being dumped into the market. And that, of course,
4:09
Speaker 1: changed things up because US Iran deal and manufacturing data
4:13
Speaker 1: was beating expectations slightly up today. And the big one
4:18
Speaker 1: was really oil, and I'll show you that in a second,
4:20
Speaker 1: that started to do a pivot based on just hearing.
4:23
Speaker 1: And again, this is maybe the 12th deal that we've seen.
4:26
Speaker 1: I want to go to a clip real quick. This
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Speaker 1: is Mike McGlone, and he's talking about being very careful
4:31
Speaker 1: around a post-midterm rally. Take a look.
4:34
Speaker 2: When everybody says the same thing for the same narrative,
4:36
Speaker 2: be careful. And that's the key thing I'm worried about
4:38
Speaker 2: is for this week right now, our macro Mondays is
4:42
Speaker 2: not as important. But next Monday's macro Monday is going
4:44
Speaker 2: to be very important. The bottom line is, will the
4:47
Speaker 2: S & P 500 be down from where we are now?
4:49
Speaker 2: If it's down... That's the beginning of, upon me, potential
4:53
Speaker 2: biggest reset of a lifetime, just normal reversion. Now, we've
4:56
Speaker 2: pretty good significant peak in precious metals. They've just got support.
4:59
Speaker 2: We've got to support. We've had a significant peak in cryptos, Bitcoin.
5:03
Speaker 2: They've got to support levels. We all know the housing
5:05
Speaker 2: market's rolling over significantly, certainly with mortgage rates at a
5:09
Speaker 2: three-decade high. Energy looks like it's probably just peaked very significantly.
5:15
Speaker 2: Natural gas is a great indication for that. So that's
5:18
Speaker 2: a deflationary force. The bottom line is if the stock
5:21
Speaker 2: market ends this week down, it's a go with. It's significant.
5:25
Speaker 2: If it goes up, I don't really know what to
5:27
Speaker 2: change or what to do. So maybe guide me a little.
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Speaker 1: All right. So some things you could look at, and
5:32
Speaker 1: I've got a couple more clips here that will show you.
5:35
Speaker 1: maybe the bullish potential signals to watch for, but also
5:38
Speaker 1: some of the things that are a bit more concerning,
5:40
Speaker 1: like what McGlone was talking about, oil and energy being
5:43
Speaker 1: one of them. Whether or not we've hit the peak,
5:45
Speaker 1: I think is still a question mark, but oil plunged
5:48
Speaker 1: another 7% down, 98 a barrel, Brent falls five. So
5:52
Speaker 1: all of this, especially around what's going on with the
5:55
Speaker 1: negotiation in Iran. I think still a lot of people
5:58
Speaker 1: are concerned that there might be something happening after the
6:01
Speaker 1: midterms of how the U.S. is going to deal with Iran.
6:04
Speaker 1: So are we still in a potential where that could
6:07
Speaker 1: cause a major hit? If you look at oil over
6:10
Speaker 1: the long haul, this was the big dip right here
6:14
Speaker 1: that everybody is talking about. You would think that the
6:15
Speaker 1: market would have responded much more positively. The one thing
6:19
Speaker 1: that did respond was gold up 2%, also following right
6:23
Speaker 1: there with oil. And if you look at silver coming
6:27
Speaker 1: up 3%, these are the kind of things that McGlone
6:30
Speaker 1: was kind of getting at. Other things that kind of
6:32
Speaker 1: play into this, speaking of gold, there's Peter Schiff talking
6:34
Speaker 1: about it, and that is in reference to his thought
6:37
Speaker 1: that this is a manipulated oil market for the financial
6:40
Speaker 1: gain of insiders, especially around the advanced knowledge of some
6:45
Speaker 1: of these positions that the U.S. is posting around Iran.
6:49
Speaker 1: Imagine if you're an oil trader. And you've got insight
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Speaker 1: to that. This is like a money printer for you
6:55
Speaker 1: because we've seen nothing but whipsaw after whipsaw that has
6:59
Speaker 1: affected the oil market and, of course, that affecting the U.S.
7:02
Speaker 1: gas prices. Let me go to a tweet here because
7:04
Speaker 1: this is where it gets a little crazy. This is,
7:07
Speaker 1: of course, Tucker Carlson claiming that Netanyahu has somehow put
7:12
Speaker 1: some pressure on Trump to possibly put the United States
7:16
Speaker 1: within days of launching a nuclear strike on Iran. This
7:20
Speaker 1: is the kind of thing that I think starts to
7:22
Speaker 1: really get crazy. And if you read this, I think
7:25
Speaker 1: more of a rant. But the point is, is this
7:27
Speaker 1: rant got 60 million views right there, guys. So it
7:31
Speaker 1: is something that I just think when you look at
7:33
Speaker 1: where the sensitivity of the markets are right now, you
7:37
Speaker 1: look at what is happening right now with the midterms
7:40
Speaker 1: and whether or not that does go to a blue
7:42
Speaker 1: sweep and what's happening in Iran, along with the macro
7:46
Speaker 1: pressure globally, things could get a little unusual. Now, the
7:49
Speaker 1: market's still saying, well, listen, if we get the midterms
7:52
Speaker 1: and we get the Democrats in, I think the market
7:54
Speaker 1: is pricing that in and maybe in a position where
7:57
Speaker 1: it's only going to go up from there. I'm concerned
8:00
Speaker 1: more around could something unusual happen that puts more pressure
8:04
Speaker 1: on the market? And I think McGlone was right in
8:06
Speaker 1: that last clip, is that next Monday, the end of
8:09
Speaker 1: this week's closing is going to be critical for the
8:12
Speaker 1: markets going forward. Speaking of that, you've got critical things
8:16
Speaker 1: happening in Israel right now, and that is the fact
8:18
Speaker 1: that we've got a different potential party taking the lead again.
8:23
Speaker 1: And this has been one of those weird things. It's
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Speaker 1: been swapping back and forth. You can kind of see
8:27
Speaker 1: there on the chart of it going back and forth
8:31
Speaker 1: between Ezenkot and Netanyahu. And I think the point behind
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Speaker 1: this could be correlated, call me crazy, correlated to the midterms,
8:40
Speaker 1: finding out who wins, understanding how to deal with the
8:43
Speaker 1: United States, because obviously Israel is significantly tied to the
8:47
Speaker 1: U S in terms of strategy and potentially going forward
8:51
Speaker 1: on how the policy is going to be met with Israel.
8:53
Speaker 1: So many things happening right now. Let's take a look
8:56
Speaker 1: at this. This of course is Trump coming out saying
8:58
Speaker 1: is going to be Mr. Veto. If the Democrats do
9:01
Speaker 1: take control of Congress. And that is the key thing.
9:05
Speaker 1: He says he'll block every damn bill passed until they
9:08
Speaker 1: give up and make a deal. He also agreed with
9:10
Speaker 1: Elon that the democratic sweep could leave the country. may
9:14
Speaker 1: be forever destroyed. These are the kind of things coming
9:17
Speaker 1: out of the White House right now. President Trump also
9:19
Speaker 1: promises to protect Elon if Democrats threaten Tesla and SpaceX.
9:24
Speaker 1: So apparently they've got a pass right now. Speaking of that,
9:27
Speaker 1: there's further passes being handed out with the president making
9:30
Speaker 1: it clear he'd consider pardons for his staff. So this
9:34
Speaker 1: is already, it sounds to me like a White House
9:37
Speaker 1: administration that has conceded defeat. or at least understands that
9:43
Speaker 1: there's a high probability that this is going to occur.
9:46
Speaker 1: And this does start to change things for sure, I think,
9:50
Speaker 1: going forward in the markets. And the real question is,
9:53
Speaker 1: are we going to go up or are we going
9:54
Speaker 1: to start to see some sideways action through the end
9:56
Speaker 1: of the year? I think if we get a Dem
9:58
Speaker 1: sweep and there's no funding business, then we may have
10:01
Speaker 1: an opportunity here for a market recovery. But those are
10:04
Speaker 1: the key terms right there, guys. Other things that concern
10:08
Speaker 1: me around a market recovery is what's happening around all
10:11
Speaker 1: these hacks. So you've got ZachXBT saying there was an
10:14
Speaker 1: EU entity. now suspected of losing $ 106 million from multiple
10:18
Speaker 1: centralized exchange accounts on November 1st, just this day. And
10:23
Speaker 1: you've got a variety of different hacks coming on, and
10:25
Speaker 1: it's several of them. I'll just show you some of them.
10:27
Speaker 1: This was Brazil's top crypto exchange. This was Mercado. They
10:31
Speaker 1: confirmed a security breach. Then you had BTC Pay server.
10:35
Speaker 1: This one is a big one because BTC Pay, just
10:38
Speaker 1: so you understand, this is where merchants are operating. Think
10:41
Speaker 1: of this as the stripe for crypto, in essence, or
10:45
Speaker 1: one of. And it'd be like Coinbase Commerce or something
10:49
Speaker 1: where those wallets would become potential targets of hackers because
10:53
Speaker 1: these are the wallets of retailers who might be using
10:58
Speaker 1: Bitcoin or other payment processors out there for these kind
11:01
Speaker 1: of things. This is a big one because it does
11:03
Speaker 1: start to put a little bit of a thwart in
11:06
Speaker 1: retail adopting crypto as a payment source if these kind
11:09
Speaker 1: of issues start to continue to happen. All right, so
11:12
Speaker 1: let's just jump over. And I want to go to
11:14
Speaker 1: this tweet because this is the point that I'm getting at.
11:18
Speaker 1: Because there are some signs here that the market could
11:20
Speaker 1: be nearing a bottom. There's equal weight there on the
11:23
Speaker 1: S & P. You've got yields and oil falling. How
11:26
Speaker 1: long is the question? You have some fund managers positioning
11:30
Speaker 1: near extreme risk off. And that's the key. And then
11:34
Speaker 1: you have crypto barely declining despite its biggest heist.
11:37
Speaker 3: All right.
11:37
Speaker 1: And I would agree with that one. Those are the
11:39
Speaker 1: ones that I do agree with. And then you have
11:41
Speaker 1: stocks near the bottom. We just looked at the list
11:44
Speaker 1: of October declines. I mean, these are significant in terms
11:48
Speaker 1: of the AI trade. And it's moving into a midterm
11:51
Speaker 1: cycle while all of that is happening. So the probabilities
11:55
Speaker 1: for an upside at least are lining up. I want
11:58
Speaker 1: to go to a clip here by Tom Lee that
11:59
Speaker 1: explains this.
12:01
Speaker 2: You're not jumping up and down like sometimes you do,
12:04
Speaker 2: but you still think maybe 8,200 by the end of
12:08
Speaker 2: this year.
12:09
Speaker 3: Yeah, I think you do.
12:10
Speaker 4: OK, I do think markets are going to exit the
12:13
Speaker 4: year strong, but they have been struggling, you know, like
12:17
Speaker 4: underneath the surface.
12:18
Speaker 1: It's been a real battle.
12:19
Speaker 4: And I think everyone I speak to is nervous about
12:23
Speaker 4: one of many things, right? The war, AI spending, the
12:27
Speaker 4: debt markets, the Fed, inflation, midterms. And I think The
12:33
Speaker 4: markets held up really well in the face of all that.
12:35
Speaker 4: I think markets in some ways prefer gridlock because then
12:38
Speaker 4: you don't have too much policy creep. But I'm going
12:42
Speaker 4: to take the contrarian view that House Democrats will support
12:46
Speaker 4: AI post-midterms because it does bring money to their communities.
12:51
Speaker 4: So I think it's sort of an important voting issue today.
12:54
Speaker 4: But I think at the end of the day, it's
12:56
Speaker 4: good for jobs and it's good for the economy.
12:59
Speaker 1: All right. So a couple of things that he hit
13:01
Speaker 1: on there is, yes, there's a lot of macro headwinds.
13:05
Speaker 1: You do have some interesting timing, though, that is lining
13:08
Speaker 1: up with midterms. And I think that's been almost architected
13:11
Speaker 1: by the way markets play out. And then you have
13:14
Speaker 1: the AI trade, which could be a big deal. And
13:16
Speaker 1: I think that still has a play. going forward. And
13:20
Speaker 1: I think he's right. I think the Dems win. There's
13:22
Speaker 1: going to be a little bit of an about face
13:25
Speaker 1: on it. Maybe not because it's good for the communities,
13:27
Speaker 1: but I believe corruption wins, unfortunately. You look at this
13:31
Speaker 1: right here. Bitcoin's last three cycle bottoms came shortly after
13:35
Speaker 1: midterm elections. You had the 2014 cycle bottom 71 days later,
13:39
Speaker 1: 39 days later in 18, and then in 22, 13 days.
13:41
Speaker 1: So That could be a signal as well if you
13:48
Speaker 1: consider the potential here. And that's not all. Look at this.
13:52
Speaker 1: S & P 500 returns in November. This is following
13:56
Speaker 1: the midterm elections. The 21 out of 21 hits, guys,
14:00
Speaker 1: were positive. That's a pretty insane record. Now, granted, you
14:04
Speaker 1: could say, well, we're in for one that could go
14:07
Speaker 1: the other way now just because of the odds alone.
14:10
Speaker 1: But a 21 for 21 of positive S & P
14:11
Speaker 1: 500 returns, pretty significant. Look at these numbers, though. I mean,
14:17
Speaker 1: some of these were crazy. 1998 up 24%. Unbelievable. 15%
14:22
Speaker 1: in 22. 2018, 8. You can go all the way
14:26
Speaker 1: back even into the 80s at 25% in 1982, which
14:29
Speaker 1: was during one of the biggest inflationary periods and interest
14:34
Speaker 1: rate hikes that were happening to American people ever in
14:37
Speaker 1: the history of commerce. Other points I want to hit
14:40
Speaker 1: on right here is what happened with Binance, because this
14:42
Speaker 1: is the update right now. Binance users holding any of
14:45
Speaker 1: these 10 tokens can independently verify their balances on Binance
14:50
Speaker 1: and are backed a minimum of one to one. They
14:52
Speaker 1: are using zero knowledge to basically do this. The point is,
14:56
Speaker 1: is that CZ is not concerned at all. In fact,
14:59
Speaker 1: he tweeted this 12 hours after the withdrawals resumed only 2.1
15:03
Speaker 1: percent net outflow. So people are feeling as though they
15:08
Speaker 1: are safe. 98% choose to stay. Speaking of where the
15:12
Speaker 1: market could be going, here's Matt Hogan. He talks about
15:15
Speaker 1: his strategy on how we could actually come back. Take
15:18
Speaker 1: a look.
15:19
Speaker 3: And again, the ability for Binance to make users whole
15:22
Speaker 3: is another sign that this industry is maturing. I'd also
15:25
Speaker 3: add that I think a lot of the pullback today
15:27
Speaker 3: was not, in fact, driven by this hack exclusively, but
15:31
Speaker 3: also by the broader risk-off appetite. And in fact, I
15:33
Speaker 3: think in a week, you'll see prices have moved beyond
15:37
Speaker 3: this and recovered from this. At least historically, hacks haven't
15:40
Speaker 3: had a huge impact on the long-term trajectory of prices.
15:43
Speaker 3: I expect that to be true here as well.
15:45
Speaker 1: All right, so a couple of things there. I think
15:47
Speaker 1: price does get impacted. That hack did impact Bitcoin. In fact,
15:51
Speaker 1: it pulled it down under 80K. So I disagree with
15:54
Speaker 1: Matt with that. Now, does this mean that that was
15:56
Speaker 1: a good pullback based on the impact of a hack? Sure,
16:00
Speaker 1: I would agree with that, is that it could have
16:02
Speaker 1: been a lot worse. It wasn't. And crypto was very
16:05
Speaker 1: resilient in general. I think the key here is going
16:08
Speaker 1: to be how the market plays into macro scenarios, obviously
16:12
Speaker 1: the midterms. I'm still concerned about what's going on in
16:15
Speaker 1: the Middle East and with energy prices. All of those
16:18
Speaker 1: correlated coming into the end of this year is the
16:21
Speaker 1: key factor. I think that has more bearing on if
16:24
Speaker 1: we're bullish or not after the midterms than anything, probably
16:27
Speaker 1: not so much the hack. Speaking of being bullish, you've
16:31
Speaker 1: got to consider where RWAs are going to be and
16:34
Speaker 1: just tokenized securities in general. You've got 50 major U.S.
16:37
Speaker 1: companies now opposing to have their stocks tokenized on the
16:42
Speaker 1: OKEx and ISIS planned exchange. And there's major names in here, guys.
16:46
Speaker 1: You just look at it. IBM, Dell, Nike, Intel, Nvidia, Oracle, Costco, Verizon.
16:52
Speaker 1: The list goes on. 50 of them, including Microsoft, JP Morgan.
16:57
Speaker 1: And I think the concern right now I have is
17:01
Speaker 1: if we continue to see this pushback from major companies,
17:05
Speaker 1: What happens if we start to see a contagion effect
17:08
Speaker 1: of nobody wanting this in the U.S. and it pushes
17:12
Speaker 1: tokenized stocks offshore? That's the concern that I think everybody
17:17
Speaker 1: is worried about. All right, just so you guys know,
17:20
Speaker 1: the OKEx Ice deal, it had a 30-day notice period.
17:23
Speaker 1: So it was filed on October 3rd. That's going to
17:25
Speaker 1: push it in here to the beginning of November. This
17:28
Speaker 1: could also get a 30-day exemption. So this could push
17:31
Speaker 1: it all the way up to November 22nd. if the
17:34
Speaker 1: SEC sees this as a potential problem and changes maybe
17:39
Speaker 1: the date. And I think this is more something to
17:43
Speaker 1: watch than almost anything right now in the market, especially
17:45
Speaker 1: around tokenized treasuries. So keep a very close eye on
17:49
Speaker 1: how that's going to play out. Now, these are the
17:52
Speaker 1: companies that are actually at least not opposing, but they
17:56
Speaker 1: haven't just said, hey, yeah, we want to. But the
17:58
Speaker 1: point is they have not objected or at least not yet.
18:01
Speaker 1: And you've got Apple, Amazon, Tesla, Netflix, Palantir, a handful
18:06
Speaker 1: of others, Coinbase, Obvious, Circle, Robinhood. And I think these
18:10
Speaker 1: are companies out there that understand how this could benefit
18:13
Speaker 1: their business. But more importantly, maybe it sets the rest
18:18
Speaker 1: of these companies up to maybe change their mind. Now,
18:21
Speaker 1: all of this is pending on two things. One, how
18:24
Speaker 1: does the performance of tokenized treasuries work? in terms of
18:28
Speaker 1: actually getting this done. If OKXI actually goes out and
18:32
Speaker 1: succeeds with this, that will be a major bellwether. And
18:36
Speaker 1: I think the other factor is just whether or not
18:37
Speaker 1: the market itself starts to adjust and we see an
18:40
Speaker 1: upward trend come off of what could be moving into
18:45
Speaker 1: at least an upswing on the market in general. Speaking
18:49
Speaker 1: of what's happening overseas, you've got HSBC's Hong Kong dollar
18:52
Speaker 1: just launched the stablecoin RedCoin. It hits 50,000 users in
18:56
Speaker 1: its first week. We reported this last week is that
18:58
Speaker 1: Hong Kong is continuing to accelerate as is Asia, Japan,
19:02
Speaker 1: and many others who are moving quickly into tokenized treasuries.
19:08
Speaker 1: Stablecoins used as denominated assets for almost anything you want,
19:12
Speaker 1: including integrating into a lot of commerce. So things are
19:16
Speaker 1: changing in Asia while the U.S. is still very slow
19:19
Speaker 1: to react with no real action coming off the Clarity
19:23
Speaker 1: Act and now pushback from Wall Street. around tokenized treasuries.
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Speaker 1: South Korea is trading ONDO like the rest of the
19:30
Speaker 1: world missed the memo. It's now 62.5 times its overseas
19:35
Speaker 1: share on October 31st. This is the biggest gap among
19:39
Speaker 1: 52 different tracked tokens out there. So again, South Korea,
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Speaker 1: another major mecca where we're starting to see activity. The
19:48
Speaker 1: real question, I think, does Asian... is one I've asked
19:50
Speaker 1: many times, does Asia become the crypto mecca of the
19:53
Speaker 1: world going forward? Last up right here is going to
19:56
Speaker 1: hit the market in a big way. One way or
19:59
Speaker 1: the other, it could be that Anthropix Q3 revenue right now,
20:04
Speaker 1: which has surged dramatically to nearly $ 17 billion from $ 1. 4
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Speaker 1: billion last year, and it's getting ready to hit the
20:12
Speaker 1: open stock market. The real question will be, what is
20:15
Speaker 1: the valuation of this company? Does it exceed the $ 1. 4
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Speaker 1: trillion that was targeted and start to exceed and accelerate?
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Speaker 1: Because if it goes above that, if we see a
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Speaker 1: $ 2 trillion or higher, that's a very, very bullish scenario
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Speaker 1: for the market in general. It means the AI trade
20:31
Speaker 1: is backed If it sucks in underneath that, that's the
20:35
Speaker 1: question that I think everybody's going to be asking, is
20:37
Speaker 1: the AI trade finally over? We're going to be watching
20:40
Speaker 1: this very closely, so stay tuned. If you like this video,
20:49
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20:52
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20:55
Speaker 1: in the description.