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Bitcoin All-Time-High in Q2?📈Crypto Market Update · The Paul Barron Crypto Show

0:07
Speaker 1: The markets in bitcoin are heating up today. Could it
0:10
Speaker 1: hit all time high by Q two Today, we'll break
0:12
Speaker 1: it down for you. My name is Paul Barre. Welcome
0:14
Speaker 1: back in the tech path. Let's get into it. I
0:16
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0:18
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Speaker 2: Crypto to get started. So check it out. Let's go
0:49
Speaker 2: over to a couple of topics today.
0:51
Speaker 1: This I think was the biggest news of the day already,
0:54
Speaker 1: and that is Standard Charter has said that bitcoin will
0:57
Speaker 1: hit all time high by Q two. That'll be interesting
1:01
Speaker 1: if we see that kind of movement firm is now
1:04
Speaker 1: saying that the leading cryptocurrency is set to target around
1:06
Speaker 1: one twenty musument on that for you guys, amid its
1:10
Speaker 1: recent performance, and of course right now we're trading that
1:12
Speaker 1: mid nineties range. I think the key here is really
1:15
Speaker 1: a lot of the narrative that has been placed around
1:17
Speaker 1: the macro. Remember we still have in the month of
1:20
Speaker 1: May a FED meeting, and we still have a lot
1:24
Speaker 1: of situations that are occurring around inflation. But at the
1:27
Speaker 1: most part, I think tariffs and possibly the impact of
1:30
Speaker 1: those may be on the latter side of things in
1:34
Speaker 1: terms of have we got past the worst part of it,
1:37
Speaker 1: and that could be a big indicator. Bitcoin above ninety
1:40
Speaker 1: four on May second coming from polymarket right now, and
1:44
Speaker 1: that is around a fifty to fifty chance, so holding
1:47
Speaker 1: it about forty seven percent right now as we record this.
1:50
Speaker 1: By May second, let me know in the comments down below,
1:52
Speaker 1: do you think by early May we will see above
1:56
Speaker 1: ninety four k or do you think we'll see a
1:57
Speaker 1: little bit of retracement on bitcoin. Let me take a
2:01
Speaker 1: look at one thing that's happening out there, and that
2:03
Speaker 1: is coinbase is targeting a four to eight percent return
2:07
Speaker 1: with their new bitcoin you fund. And remember though that
2:10
Speaker 1: this is only available for people outside the United States. Great,
2:13
Speaker 1: but the point is this is still a lot of
2:15
Speaker 1: a return guarantee that's coming in, and especially from someone
2:19
Speaker 1: like coinbase, this could put them at odds with some
2:22
Speaker 1: of the best houses out there and exchanges out there
2:25
Speaker 1: and be able to get some market share outside the
2:27
Speaker 1: United States. That in itself is a big, big plus
2:31
Speaker 1: going forward, all right. So another thing that's happening in
2:33
Speaker 1: the markets this week is the MAX seven earnings, and
2:36
Speaker 1: of course you've got Tesla their miss on EPs and
2:40
Speaker 1: revenue guidance, Alphabet did beat and Microsoft coming in on Wednesday,
2:44
Speaker 1: Meta Wednesday, Thursday is Amazon, and then Thursday also is
2:49
Speaker 1: of course Apple, with Nvidia hitting also on Wednesday of
2:53
Speaker 1: next week. So we've got a lot happening, guys in
2:56
Speaker 1: terms of where we're going to see the current market
2:59
Speaker 1: and the MAX and I don't know. The key here,
3:01
Speaker 1: I think is are we going to be looking at
3:03
Speaker 1: liquidity coming out of the traditional markets and start to
3:08
Speaker 1: move into some of these risk markets. I think that
3:10
Speaker 1: is the thing that everybody's watching right now.
3:13
Speaker 2: You also look.
3:14
Speaker 1: At US Treasury Secretary Besson, who says he's a bit
3:17
Speaker 1: surprised that markets rallied after his comments about de escalation
3:21
Speaker 1: with China, because he basically says, we didn't say anything new.
3:24
Speaker 2: It's really up to China to de escalate.
3:26
Speaker 1: I don't know if I agree with that, but I
3:28
Speaker 1: want to play a clip for you that'll go into
3:30
Speaker 1: a little bit more detail on this de escalation.
3:32
Speaker 2: Take a look, well, Andrew.
3:35
Speaker 3: First of all, to clarify the meeting with JP Morgan,
3:38
Speaker 3: there was nothing that I said in that meeting, nothing
3:41
Speaker 3: that I had not already said in the mainstream media
3:44
Speaker 3: seventy two hours before. So I was surprised they when
3:48
Speaker 3: the market rallied, And if you were to look at
3:51
Speaker 3: what happened after the meeting, after I set down for
3:55
Speaker 3: a press conference, markets sold off. So if you bought
3:58
Speaker 3: during the meeting, you actually to get to the metior
4:02
Speaker 3: question that it's a complicated relationship with China, but it
4:08
Speaker 3: is my belief that which is unsustainable will not be sustained.
4:13
Speaker 3: And again, the Chinese business model is predicated on selling
4:19
Speaker 3: subsidized goods into the US and it's just not a
4:25
Speaker 3: long term business strategy for them. So I am sure
4:29
Speaker 3: that they will come and want to de escalate.
4:33
Speaker 1: All right, So whether that is going to happen with China,
4:36
Speaker 1: The key here, I think is that maybe Trump and
4:39
Speaker 1: the administration have started to say.
4:42
Speaker 2: All right, we're going to flex a little bit.
4:43
Speaker 1: We're going to start making deals that are going to
4:45
Speaker 1: be good for their countries, other countries as well as
4:48
Speaker 1: the United States. That is the key point I think
4:51
Speaker 1: a lot of people are trying to get to and
4:53
Speaker 1: whether or not it's US coming to table or China
4:56
Speaker 1: that I think is going to be maybe negligent to
4:59
Speaker 1: a certain extent, The question is do we actually get
5:02
Speaker 1: something out in the open and a trade deal coming.
5:04
Speaker 1: I want to play this next clip that kind of
5:06
Speaker 1: points to US versus China that should come to the table.
5:09
Speaker 2: Take a look.
5:10
Speaker 4: Is it up to China to come to the table?
5:13
Speaker 5: You know it can't be. We kind of started this war.
5:16
Speaker 5: And my fear, Sarah, to your point, is that they
5:19
Speaker 5: just are going to be able to absorb so much
5:21
Speaker 5: more pain than we will be in this process. Why well,
5:25
Speaker 5: first of all, their government controls everything, right, and so
5:30
Speaker 5: they really do have an authoritarian regime. President g isn't
5:33
Speaker 5: coming up for reelection. They culturally think in multi generational timeframes,
5:38
Speaker 5: not to year election cycles. And so, you know, my
5:41
Speaker 5: fear is that even if the administration the president is
5:44
Speaker 5: right and this is a way to reshore domestic manufacturing,
5:48
Speaker 5: are we going to have the patients to get there
5:51
Speaker 5: and wait them out. And my fear is, frankly, China
5:55
Speaker 5: is going to be much more patient than we're going
5:57
Speaker 5: to be capable of being when US consumers find the
6:00
Speaker 5: shells empty and prices going.
6:01
Speaker 1: Up, all right, So we'll see if that occurs. Are
6:05
Speaker 1: we going to truly see shells empty out there in
6:09
Speaker 1: the sense of, you know, the the items that come
6:12
Speaker 1: in from China. Let me know what you guys think
6:14
Speaker 1: if you if this you feel is going to have
6:17
Speaker 1: a major impact on your lifestyle or not. Now you
6:21
Speaker 1: have to look at some of the deals that are
6:22
Speaker 1: being made. This was a statement by bess And just
6:25
Speaker 1: today and he's basically said, hey, first trade deal might
6:28
Speaker 1: come as early as this week. If that occurs and
6:31
Speaker 1: we have some sort of major win this week, going
6:34
Speaker 1: to say we the United States has a major win
6:36
Speaker 1: on tariffs, this could be very positive for the markets.
6:40
Speaker 1: Could see another leg up here, both on the traditional
6:43
Speaker 1: stock market as well as with bitcoin and maybe even
6:45
Speaker 1: some of her of the you know, selected assets in
6:48
Speaker 1: the all coin side. But I want to go to
6:50
Speaker 1: another uh you know clip right here because this is
6:53
Speaker 1: one that came from the All In podcast and they
6:56
Speaker 1: they have an interesting take on this, and there are
6:59
Speaker 1: some varying opinions on how the market is being affected.
7:03
Speaker 2: But take a look at this.
7:05
Speaker 6: And there was some percentage of the market or some
7:08
Speaker 6: probability that people were assigning to the fact that this
7:11
Speaker 6: administration could be crazy enough to take the global economy
7:14
Speaker 6: by leaving tariffs really high and letting this kind of run.
7:16
Speaker 6: And I think that that's kind of being taken out
7:18
Speaker 6: of the market, right.
7:19
Speaker 7: But now that it's out of the market, that means
7:21
Speaker 7: that the leverage there's less leverage. There's less leverage in
7:25
Speaker 7: the conversation, and if the goal is to.
7:27
Speaker 4: Do that, that's not true. That you're saying a critical
7:29
Speaker 4: thing and that is not.
7:30
Speaker 7: True, Well hold on. If if the goal is to
7:34
Speaker 7: effectively pressure China, which I think is the ultimate goal,
7:39
Speaker 7: I think as the bond market has spoken and as
7:42
Speaker 7: Trump invests in the administration has said, Okay, we understand
7:46
Speaker 7: where the where the floor is here? What we got
7:48
Speaker 7: to do? I assume if you're Mark Carney, if you're
7:52
Speaker 7: the EU, name your place, India, Japan, you say, I'll
7:55
Speaker 7: make a deal with you. But you know, if you
7:58
Speaker 7: thought you were, if you thought I was giving you
8:00
Speaker 7: the world before, no, no, no, no no. You need
8:04
Speaker 7: me as much as I need you, and you sat
8:06
Speaker 7: you seemingly need me even more now.
8:08
Speaker 4: So the part where I agree with you is that
8:10
Speaker 4: last part. We've gone from minus two to maybe plus one,
8:14
Speaker 4: and China's gone from plus four billion a day to
8:17
Speaker 4: maybe zero or minus one. And I think that's what
8:22
Speaker 4: instills the leverage that is required to get the deal done.
8:26
Speaker 7: By the way, I think long term, the America has
8:29
Speaker 7: got leverage here. Everybody wants to is ultimately going to
8:33
Speaker 7: wan to invest in America, including China. There's no question
8:35
Speaker 7: that we have the advantage on a long term basis.
8:38
Speaker 7: The question is do we have the patients.
8:43
Speaker 1: Well, that's a good point too that Sorkin is making
8:46
Speaker 1: there is do we have the patients? Because it is
8:48
Speaker 1: usually going to have to stretch across multi administrations, how
8:52
Speaker 1: many people would say, well, look you, Jade Vance is
8:55
Speaker 1: most likely going to be the candidate for the next
8:57
Speaker 1: presidential run.
8:58
Speaker 2: We could see another.
8:59
Speaker 1: Twelve of your cycle moving into the Republican side that
9:02
Speaker 1: would have at least some presence around this same concept
9:07
Speaker 1: around putting pressure on China that I think is going
9:10
Speaker 1: to be a big part of how the negotiations could
9:13
Speaker 1: also look.
9:14
Speaker 2: That could be at least.
9:15
Speaker 1: In the sense of, yeah, we're willing to go much longer.
9:18
Speaker 1: We think we can hold this, and if we continue
9:21
Speaker 1: to put pressure on it, is there going to be
9:22
Speaker 1: support from the United States voters? And I think that's
9:25
Speaker 1: the bigger question going forward. The other thing they have
9:28
Speaker 1: to consider right now is Bernstein taking a look at this,
9:31
Speaker 1: saying bitcoin is prime for new highs, a lot of
9:33
Speaker 1: corporate accumulation and ETF supply squeeze is going to intensify.
9:39
Speaker 1: And I think this is something that I agree with.
9:41
Speaker 1: I'm starting to actually see this in action. So here
9:45
Speaker 1: quick story. A couple of CEOs, high profile CEOs I
9:49
Speaker 1: talked to last week and we had this conversation about
9:52
Speaker 1: should I put bitcoin on the balance sheet and should
9:55
Speaker 1: I maybe consider some USDC or stable coins be able
9:58
Speaker 1: to go into that narrow and earn you know, some
10:01
Speaker 1: yield on that. There are a lot of structures in
10:04
Speaker 1: which now companies are actually considering these moves, and if
10:07
Speaker 1: it does go through, then I would agree with Bernstein.
10:10
Speaker 2: I think this is going to be a big one.
10:12
Speaker 2: Right here.
10:12
Speaker 1: The expanding corporate accumulation race and returning exchange traded fund
10:16
Speaker 1: inflows which we're already seeing are good indicator suggesting that
10:20
Speaker 1: we could see a supply squeeze. I don't know that
10:22
Speaker 1: that would necessarily be the case, but it could be.
10:25
Speaker 2: And if it is.
10:26
Speaker 1: Then yes, we will see an all time high by
10:29
Speaker 1: Q two or in Q two, much like what Standard
10:32
Speaker 1: Chartered is talking about.
10:33
Speaker 2: Right there.
10:34
Speaker 1: Another point I want to hit on right here. The
10:36
Speaker 1: S and P can rise another point and a half
10:38
Speaker 1: in the next three days and erase all of April's losses.
10:41
Speaker 1: It will be the first time since nineteen fifty stocks
10:44
Speaker 1: that have been able to fully recover from a ten
10:47
Speaker 1: percent monthly loss. And you've got to remember, we've seen
10:51
Speaker 1: both media presentations over this last several weeks that this
10:55
Speaker 1: is the end. You know, we are going to see,
10:57
Speaker 1: you know, the stock Parker completely disintegrate and we're going
11:01
Speaker 1: into recession now. By granted, I don't know that we're
11:04
Speaker 1: out of a recession scare yet, I think there's still
11:07
Speaker 1: a lot of pressure here from the economic side of
11:09
Speaker 1: things and also the macro component.
11:11
Speaker 2: But the fact that.
11:12
Speaker 1: We've been able to erase those market percentages. Now, granted
11:16
Speaker 1: there's not a lot of liquidity and a lot of
11:18
Speaker 1: volume that's flowing through the market, but that is the
11:21
Speaker 1: key factor here, is that it has already returned. Now,
11:24
Speaker 1: the question I have is was this a great just by.
11:27
Speaker 2: The dip moment?
11:29
Speaker 1: And many people are taking a look at we got
11:31
Speaker 1: in and should you continue to get in?
11:33
Speaker 2: Is the real question.
11:35
Speaker 1: President Trump says when tariff's cut, many people's income taxes
11:39
Speaker 1: will be substantially reduced. Now this is a weight and
11:42
Speaker 1: see for me, if Trump follows through on this and
11:48
Speaker 1: we see an actual tax reduction, especially in the under
11:52
Speaker 1: one hundred and fifty K employment sector, that will be
11:57
Speaker 1: a massive shot in the arm toward Yes, they believed
12:02
Speaker 1: in what was going on, And the question is, now
12:04
Speaker 1: does that tax offset the cost that the inflationary scenario
12:08
Speaker 1: could be playing into this, even though that could be still,
12:11
Speaker 1: you know, somewhat trans transitory. But I think all of
12:15
Speaker 1: this plays out over the next twelve to eighteen months,
12:17
Speaker 1: and of course it has to because we're moving into
12:20
Speaker 1: a midterm that will be highly affected by how Trump's
12:24
Speaker 1: administration is performing.
12:25
Speaker 2: Right now, I'm going to go to a clip.
12:26
Speaker 1: Real quick, because this is where it gets interesting in
12:30
Speaker 1: reference to just the overall classes. When you think of
12:34
Speaker 1: the economic classes out there, a lot of people in
12:37
Speaker 1: the upper class have not necessarily had pressures.
12:41
Speaker 2: Maybe that's changing now. Take a look.
12:43
Speaker 8: Researchers at bann And Companies say the consumer Outlook score
12:46
Speaker 8: for upper income Americans earning one hundred thousand dollars a
12:49
Speaker 8: year or more had its sharpest drop in April, and
12:53
Speaker 8: it is near its lowest level in seven years now.
12:57
Speaker 8: Separate report finds about two thirds of uppercome earners sixty
13:01
Speaker 8: seven percent say they are stressed about their finances, and
13:04
Speaker 8: that's according to the CNBC survey Monkey Your Money poll,
13:08
Speaker 8: and sixty nine percent say tariffs are causing them financial stress.
13:13
Speaker 8: As a result of tariff news, one third thirty three
13:16
Speaker 8: percent say they have delayed or avoided purchases, and fourteen
13:20
Speaker 8: percent say they've stocked up. About half fifty two percent
13:23
Speaker 8: have made no changes. What's interesting is how many more
13:26
Speaker 8: people with that income level compared to those who are
13:30
Speaker 8: fifty two hundred thousand or fifty thousand or less are
13:33
Speaker 8: now saying that tariffs are negatively impacting their finance.
13:37
Speaker 9: Yeah, it's hugely regressive for people who are spending most
13:41
Speaker 9: of their money on a week by week or month
13:44
Speaker 9: by month basis.
13:45
Speaker 8: The other thing that's interesting is how many people believe
13:47
Speaker 8: that we are headed for a recession.
13:49
Speaker 9: Wonder when that becomes a self fulfilling prophecy exactly.
13:52
Speaker 8: And again, these are folks with the most discretionary income.
13:55
Speaker 8: What they're seeing in middle and lower income is middle
13:57
Speaker 8: income are using a little bit more, but lower incomers
14:01
Speaker 8: saying we're going to be able to be okay because
14:03
Speaker 8: we're going to use debt to finance everything. That's very scary.
14:08
Speaker 1: Well all right, So a lot of things to unpack there,
14:11
Speaker 1: and I think some of this is right now is
14:15
Speaker 1: a real consideration that we are seeing upper income individuals
14:19
Speaker 1: that are finally starting to see a little bit of
14:21
Speaker 1: the pressure.
14:21
Speaker 2: But I think the real point you.
14:23
Speaker 1: Have to look at is the fact that are we
14:25
Speaker 1: really seeing the differences in places that you spend the money.
14:30
Speaker 1: So I think you have to consider that a couple
14:32
Speaker 1: of research pieces that we had done last week was
14:35
Speaker 1: still showing almost an all time high of consumers going
14:39
Speaker 1: still going out there doing a traditional shopping Now, is
14:42
Speaker 1: there a supply chain that could be affected, especially with
14:45
Speaker 1: some of the things that are happening within China.
14:47
Speaker 2: Yes, there could be. Would they shift their.
14:49
Speaker 1: Funds to something else? Is the question mark that I
14:52
Speaker 1: think a lot of people are asking. Sixty percent of
14:55
Speaker 1: CEOs now are expecting a recession in the next six
14:59
Speaker 1: months due to tear of CNBC coming in on this,
15:02
Speaker 1: and I will.
15:02
Speaker 2: Agree with this.
15:03
Speaker 1: As we talk with a lot of CEOs and brand
15:06
Speaker 1: leaders in other industries, especially in the restaurant space, this
15:09
Speaker 1: is one of the big factors they are concerned about,
15:12
Speaker 1: and that is that the consumer spending power may not
15:15
Speaker 1: necessarily be weakening.
15:16
Speaker 2: It may be that they.
15:18
Speaker 1: Are starting to stockpile their spending power looking at maybe
15:23
Speaker 1: going after some wealth changing alternatives. And what I mean
15:26
Speaker 1: by that is, remember in these kinds of times, there's
15:29
Speaker 1: going to be deals out there in all sorts of
15:31
Speaker 1: things that maybe someone that is starting to look at
15:34
Speaker 1: that and say, I'm going to maybe try to go
15:36
Speaker 1: in and get a piece of real estate, or go
15:38
Speaker 1: get that car or whatever it might be that I'm
15:40
Speaker 1: looking for. That could be actually coming down in price
15:44
Speaker 1: due to this pressure overall. So there are some factors
15:46
Speaker 1: that I think could play into that whether or not
15:48
Speaker 1: we see a recession. A lot of macro numbers still
15:51
Speaker 1: have to point at considerable amounts of reduction in GDP,
15:55
Speaker 1: which is you know, pretty much the definition. And we'll
15:59
Speaker 1: see if this has actually happens. Right now, Americans now
16:02
Speaker 1: are expecting inflation to sort six and a half percent
16:05
Speaker 1: within the next year, highest reading since November of nineteen
16:08
Speaker 1: eighty one. This will be a huge deal if this happens.
16:15
Speaker 1: I think that's the question is will we see this
16:18
Speaker 1: kind of acceleration. Our next inflationary print coming up just
16:22
Speaker 1: here in a few weeks, might give us a little
16:25
Speaker 1: bit of indicator, because remember last print we had it
16:27
Speaker 1: regressed some so still looking pretty sharp right now. Another
16:32
Speaker 1: thing right now you got to look at it in
16:33
Speaker 1: terms of the market, is what's happening in DC this
16:36
Speaker 1: week in Congress and crypto entering a pivotal period. We'll
16:39
Speaker 1: see stablecoin bills waiting for a vote this week. Also,
16:42
Speaker 1: the market structure legislation will be releasing soon, and then
16:45
Speaker 1: Trump is of course calling for all of this to
16:47
Speaker 1: be done before August, which is a big deal. Congress
16:51
Speaker 1: is tied up with a lot of macro issues at
16:53
Speaker 1: the same time. One other thing that Ron failed to
16:56
Speaker 1: mention there is the tax bill, and that also could
16:59
Speaker 1: be lining up for an approval later in the summer.
17:02
Speaker 1: All of this coming down into that August period time period,
17:06
Speaker 1: so a very critical time as we start to move in.
17:08
Speaker 1: Remember the markets always like may. Is it one of
17:12
Speaker 1: those all time high opportunities where you sell, step back
17:14
Speaker 1: and wait for it, or will we continue to see
17:17
Speaker 1: some volatility at mainly because of the regulatory scenario that
17:22
Speaker 1: could be playing out into June July, as August could
17:26
Speaker 1: be the deadline for Congress going forward. Other things that
17:29
Speaker 1: are happening this month and next is of course token
17:32
Speaker 1: Dubai Token twenty forty nine in Dubai's coming up. This
17:35
Speaker 1: will be another major event where we're going to see
17:38
Speaker 1: probably a lot of announcements, and you will consider announcements
17:42
Speaker 1: from almost every major chain out there. One of the
17:45
Speaker 1: big ones that we're watching right now, of course is Swee.
17:47
Speaker 1: We've talked about them before. They're having their base camp project.
17:51
Speaker 1: This is a Channel partner, by the way, and they're
17:53
Speaker 1: doing this in Dubai. At the same time, from what
17:56
Speaker 1: I'm hearing from them is there is going to be
17:59
Speaker 1: a major announcement at that event, so stay tuned. We'll
18:03
Speaker 1: be covering that also, along with more news coming out
18:06
Speaker 1: of Tokun twenty forty nine. Don't forget next week our
18:08
Speaker 1: next month, we have the XRP Vegas event. You also
18:11
Speaker 1: have Salona, New York, and you have Bitcoin Las Vegas,
18:16
Speaker 1: all happening in the month of May, so a very
18:18
Speaker 1: interesting time for crypto as a whole. Market participation has
18:22
Speaker 1: been weak despite the recent rally. This is something that
18:24
Speaker 1: everybody needs to pay attention to. Share of the S
18:27
Speaker 1: and P five hundred stocks are trading above their two
18:29
Speaker 1: hundred day moving average, currently standing around thirty percent, but
18:32
Speaker 1: by comparison, this year's peak was fifty seven percent in February,
18:37
Speaker 1: so big difference here right now. Additionally, the share of
18:40
Speaker 1: S ANDP trading above their fifty day is only at
18:43
Speaker 1: thirty two all of this, while the share of NASTAQ
18:46
Speaker 1: one hundred stocks trading above their two hundred is at
18:49
Speaker 1: thirty six, still half of the twenty twenty five peak,
18:52
Speaker 1: so it still has a long way to go yet
18:55
Speaker 1: for us to see a full recovery. I know this
18:58
Speaker 1: has been a definite market correction to the positive. My
19:03
Speaker 1: question to you guys is, do you think we're out
19:05
Speaker 1: of the woods right now? Let me know in the
19:07
Speaker 1: comments down below.
19:08
Speaker 2: Let's go over.
19:09
Speaker 1: Actually, let's go over and look at the charts real quick.
19:11
Speaker 1: One thing to consider. I'm looking at the daily on
19:13
Speaker 1: bitcoin right now, and this was a pretty significant move
19:17
Speaker 1: over this range right here, which all went all the
19:20
Speaker 1: way back to the tenth of April, up almost twenty
19:23
Speaker 1: nine percent right now as we're trading today at about
19:25
Speaker 1: ninety three eight.
19:27
Speaker 2: But here's the thing.
19:27
Speaker 1: When you see those kind of rises in some of
19:30
Speaker 1: these situations, it could put a little bit of pressure
19:34
Speaker 1: on the market. We could see a little bit of
19:35
Speaker 1: a retracement. Will it go back down to where we
19:38
Speaker 1: saw it here recently at seventy five k That is
19:42
Speaker 1: the question market's you know, the seventy five thousand dollars
19:45
Speaker 1: question is do you get a chance to dip back
19:47
Speaker 1: into bitcoin at that price?
19:49
Speaker 2: Many of the experts out there, I've been.
19:50
Speaker 1: Watching quite a few of the guys who've come on
19:53
Speaker 1: our show who are very big in bitcoin, and I
19:56
Speaker 1: won't call them maxes but they're very astute to what's
19:58
Speaker 1: happening in the bitcoin community. They're saying, not a chance.
20:02
Speaker 1: We are beyond that now. So if you get a
20:04
Speaker 1: chance because you miss this run from seventy five k,
20:07
Speaker 1: do you dollar cost average? I think that's the angle
20:10
Speaker 1: in which you have to take to kind of stay
20:12
Speaker 1: with this market as it's going. And do we get
20:14
Speaker 1: an all time high in this queue two? If that happens, guys,
20:18
Speaker 1: we're talking one twenty. That's still a lot of juice
20:22
Speaker 1: led to be left to be squeezed. So let's take
20:24
Speaker 1: a look also at Ethereum holding at a seventeen sixty
20:26
Speaker 1: five after it had eclipped almost eighteen little over eighteen
20:30
Speaker 1: hundred over the weekend. Suie, of course, has been up
20:33
Speaker 1: and still holding after a big run right here over
20:36
Speaker 1: the last several days. Let me know what you guys
20:38
Speaker 1: are trading right now. What is it that you're getting into.
20:41
Speaker 1: If you're going into crypto, all coins, bitcoin, ether, are
20:44
Speaker 1: you going after possibly some mag seven's looking for these
20:48
Speaker 1: earnings all of that dropping the comments down below. If
20:50
Speaker 1: you're not in the diamond circle, get in right now.
20:52
Speaker 1: It's a great place to get additional content follow me
20:55
Speaker 1: out there on X at Paul Baron. We'll catch you
20:58
Speaker 1: next time, right here on Techpath
21:02
Speaker 4: To Mott