Latest / The Paul Barron Crypto Show / Fed Rate Hike Surprise?📈Crypto Market Update

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Fed Rate Hike Surprise?📈Crypto Market Update · The Paul Barron Crypto Show

• 0:00
  Speaker 1: A rate hike could be incoming. Today.
• 0:02
  Speaker 2: We're going to be breaking it down for you, but
• 0:04
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• 0:38
  Speaker 2: let's get into it today because there's a couple of
• 0:39
  Speaker 2: things I want to focus in on. The FED rate
• 0:41
  Speaker 2: hike potential. In twenty twenty six, you had a little
• 0:44
  Speaker 2: bit of a dip, but now here recently, over the
• 0:46
  Speaker 2: last few days, we started to see this move and
• 0:48
  Speaker 2: it's holding it a thirty four percent, but considerably up
• 0:51
  Speaker 2: from where it was right there, which was May twentieth.
• 0:55
  Speaker 2: Just ye yesterday we saw twenty three percent and then
• 0:59
  Speaker 2: all of a sudden boom and There's a reason why
• 1:02
  Speaker 2: that has occurred, and that is this right here. The
• 1:04
  Speaker 2: Fed meeting minutes now are showing that the majority of
• 1:08
  Speaker 2: officials thought rate hikes may be needed if inflation persists.
• 1:13
  Speaker 1: So this is a big turn of events. I would
• 1:15
  Speaker 1: agree with this.
• 1:16
  Speaker 2: The market could see this in a bad way. In fact,
• 1:18
  Speaker 2: if we see Kevin worsh going in on this, I
• 1:22
  Speaker 2: wonder how this is going to play out with Trump.
• 1:24
  Speaker 2: The odds right now of a rate hike by January
• 1:27
  Speaker 2: or above fifty five percent right now rate cut zero percent.
• 1:32
  Speaker 2: So this is not looking good for Trump's overall plan
• 1:36
  Speaker 2: of what Kevin worsh was designed.
• 1:38
  Speaker 1: To go in and do at the FED.
• 1:40
  Speaker 2: But instead we may end up getting a rate hike
• 1:44
  Speaker 2: literally out of the first meeting. Let me go to
• 1:46
  Speaker 2: a clip real quick, because this will get into whether
• 1:49
  Speaker 2: or not it can be expected.
• 1:51
  Speaker 1: Take a look.
• 1:53
  Speaker 3: So you turned some heads today because you're such a
• 1:55
  Speaker 3: bull in this market, and you stay with your target
• 1:59
  Speaker 3: of eighty two fifty right for the end of the year.
• 2:03
  Speaker 3: But you think the Fed could actually hike rates in July.
• 2:06
  Speaker 4: The two year is now indicating that the federal funds
• 2:10
  Speaker 4: rate is too low. The Federal funds rate range is
• 2:14
  Speaker 4: three and a half to three point seventy five percent
• 2:17
  Speaker 4: two years at four point one percent, and it's a
• 2:19
  Speaker 4: pretty good leading indicator of what the FED should do,
• 2:22
  Speaker 4: and very often it gets it rate.
• 2:24
  Speaker 3: Ah, So you're one of those in the Fed follows
• 2:27
  Speaker 3: the market camp.
• 2:28
  Speaker 4: It sounds like, well, I think the FED doesn't really
• 2:31
  Speaker 4: want to get behind the market. Being behind the market
• 2:34
  Speaker 4: is being very much behind the curve, all.
• 2:38
  Speaker 1: Right behind the market, behind the curve. That's what everybody's
• 2:41
  Speaker 1: looking at.
• 2:41
  Speaker 2: How what I don't understand is how we get rate
• 2:44
  Speaker 2: hikes and we could still see another blast off in
• 2:48
  Speaker 2: terms of the spy. So very interesting points right now. Now,
• 2:51
  Speaker 2: there are some things that could play into this. Most
• 2:53
  Speaker 2: of this has been centered around data collecting, and this
• 2:56
  Speaker 2: is something that Jerome Powell talked about all the time.
• 2:59
  Speaker 2: But David's acts talks about this as well, and he
• 3:02
  Speaker 2: goes into the process of how this could be modernized.
• 3:05
  Speaker 1: Take a look.
• 3:06
  Speaker 5: One thing that Warsh could do that I think would
• 3:08
  Speaker 5: be very impactful is just get better data at the FED. Yes,
• 3:12
  Speaker 5: I mean, from what I understand, their data is all legacy.
• 3:15
  Speaker 5: We have so much real time data now in the
• 3:17
  Speaker 5: private sector and the FED. So I was talking to
• 3:19
  Speaker 5: Barry Sternlick, you know, from Starwood, big real estate guy,
• 3:23
  Speaker 5: about this, and he was telling me that the way
• 3:25
  Speaker 5: they measure inflation for housing or for rentals, which is
• 3:29
  Speaker 5: a major component, is a survey like eight thousand households
• 3:32
  Speaker 5: to find out what the rent is. It's like, are
• 3:34
  Speaker 5: you kidding? Is they're using scale data or laggy data,
• 3:38
  Speaker 5: so they don't see the inflation when it's skyrocketing, but
• 3:40
  Speaker 5: they're also not seeing when it's decreasing. If you think
• 3:43
  Speaker 5: about the misallocation of resources that occurred as a result
• 3:47
  Speaker 5: of the FED not acting in June twenty one, it
• 3:50
  Speaker 5: cost our country trillions of dollars.
• 3:52
  Speaker 6: You know, it's actually a great point, sax. You could
• 3:54
  Speaker 6: probably make a bet or an investment on the idea
• 3:57
  Speaker 6: that Kevin Warrish will lead the FED to a new digital,
• 4:00
  Speaker 6: better data system, more streamline, more frequent, better data, more
• 4:04
  Speaker 6: real time, and then as an investor, you could ask
• 4:06
  Speaker 6: yourself the question, Okay, what are the implications of that
• 4:09
  Speaker 6: being the case? And you could probably start to trade
• 4:11
  Speaker 6: on that.
• 4:12
  Speaker 2: All right, so if they do go real time, listen,
• 4:15
  Speaker 2: that's blockchain guys. We all know that that's the only
• 4:17
  Speaker 2: solution that would really give I think Kevin worsh the
• 4:20
  Speaker 2: upper hand here. Now that could change things dramatically because
• 4:24
  Speaker 2: if you do get real time inflation data, you get
• 4:27
  Speaker 2: real time market data, you get real time jobs data,
• 4:30
  Speaker 2: all that kind of analysis would really kind of change.
• 4:33
  Speaker 2: I think maybe the forecast looking forward, especially because right now,
• 4:38
  Speaker 2: remember every time that power would come to that podium.
• 4:40
  Speaker 1: He always says, we're looking at our forward looking.
• 4:42
  Speaker 2: Statements are based on more data, more data coming in.
• 4:46
  Speaker 2: I think this real time data is a big deal
• 4:48
  Speaker 2: and it could change the way the FED breaks it
• 4:50
  Speaker 2: all out. President Donald Trump, though, issued an executive order
• 4:54
  Speaker 2: to allow integration of digital assets into traditional financial services.
• 4:58
  Speaker 1: It's a big deal. As we go.
• 5:00
  Speaker 2: Forward meeting, he's still a crypto president, even though I'm
• 5:03
  Speaker 2: still looking at him in other digital assets and other
• 5:05
  Speaker 2: assets in general. But he is still in a crypto
• 5:08
  Speaker 2: president role. The real question is how is he going
• 5:11
  Speaker 2: to play this out at warsh ends up doing a
• 5:14
  Speaker 2: rate hike. The next thing I want to get to
• 5:16
  Speaker 2: is where Sailor is and he thinks we are in
• 5:19
  Speaker 2: a crypto spring.
• 5:20
  Speaker 1: Listen to what he had to say.
• 5:22
  Speaker 7: Why you wear orange ties, you got how many?
• 5:27
  Speaker 1: I got a few dozen.
• 5:28
  Speaker 7: Every day's a good day for an Orange Tai.
• 5:30
  Speaker 8: Joe pseudo winner.
• 5:31
  Speaker 1: That we've been through for a while, is that Are
• 5:33
  Speaker 1: we closer to the end?
• 5:34
  Speaker 7: I think so. I mean, I think we were at
• 5:38
  Speaker 7: the top in October about one twenty five. I think
• 5:40
  Speaker 7: we bought them at sixty. I think we're moving into
• 5:43
  Speaker 7: the spring phase. We've got decent support here in these levels.
• 5:46
  Speaker 7: I think we'll rally from here. We're just working against
• 5:48
  Speaker 7: a few macro headwinds right now. Well, I think the
• 5:52
  Speaker 7: passage of the Clarity Act will be a big deal.
• 5:54
  Speaker 7: I think even in the absence of that, the release
• 5:57
  Speaker 7: of guidance will let you token eyes securities and sports
• 6:02
  Speaker 7: digital assets out of the sec the innovation of ancient
• 6:05
  Speaker 7: innovation exemption. That would be a big deal as well.
• 6:08
  Speaker 7: If you can tokenize a bunch of securities, then you
• 6:11
  Speaker 7: can shop for the best credit terms and the highest yield.
• 6:14
  Speaker 7: And in the twentieth century trad fi economy, your bank
• 6:18
  Speaker 7: decides you just won't get credit, you just won't get yield,
• 6:21
  Speaker 7: and there's not a single thing you can do about it.
• 6:23
  Speaker 7: And so tokenization is a free market and capital and
• 6:27
  Speaker 7: it creates a higher velocity and a higher productivity for
• 6:31
  Speaker 7: capital assets. Finally was completely stable and reflected what one
• 6:36
  Speaker 7: hundred and twenty one million the end result?
• 6:38
  Speaker 6: What price are we talking about?
• 6:39
  Speaker 7: Have you done the math? Well, I think twenty one
• 6:41
  Speaker 7: years out. I don't know why it wouldn't be twenty
• 6:43
  Speaker 7: one million of coin.
• 6:44
  Speaker 1: All right, So there you go.
• 6:45
  Speaker 2: Michael Saylor really going in on DeFi almost very unrecognizable
• 6:51
  Speaker 2: in the sense of where he sees this going quite
• 6:54
  Speaker 2: a bit different in terms of yes, bitcoin is still
• 6:57
  Speaker 2: the cornerstone of it, but a lot of the products
• 6:59
  Speaker 2: and services what he's talking about there is really what
• 7:02
  Speaker 2: is going to happen in the DeFi era. The other
• 7:04
  Speaker 2: thing that is key is some of the things that
• 7:06
  Speaker 2: are happening on the macro horizon, one of the biggest
• 7:10
  Speaker 2: macro horizons. I guess, if you could consider this more legislative,
• 7:13
  Speaker 2: is really where clarity is going to be. Cody Carbone
• 7:16
  Speaker 2: now gives a roadmap of what he thinks is going
• 7:18
  Speaker 2: to happen.
• 7:19
  Speaker 4: Here.
• 7:19
  Speaker 9: Take a look the bill now progresses that's ultimately going
• 7:23
  Speaker 9: to be voted on on the Senate floor or where
• 7:25
  Speaker 9: they're going to need sixty votes. So while it's great
• 7:27
  Speaker 9: that we had two Democrats vote for it out of
• 7:29
  Speaker 9: Senate Banking Committee last week. We need at least seven,
• 7:32
  Speaker 9: and that's if you have every single Republican fifty three Republicans,
• 7:35
  Speaker 9: you need at least seven Democrats. There's a group of
• 7:37
  Speaker 9: twelve Democrats that have been working on this over the
• 7:40
  Speaker 9: last few months. So the goal over the next two
• 7:42
  Speaker 9: to three weeks is to finalize negotiations with them, bring
• 7:46
  Speaker 9: this one product to the Senate floor, hopefully the second
• 7:50
  Speaker 9: or third week of June is what we're looking at.
• 7:53
  Speaker 9: Pass that bill on the Senate floor with a bipartisan vote.
• 7:56
  Speaker 9: Then it's got to go back to the House one
• 7:58
  Speaker 9: more time because what the House last year, which feels
• 8:01
  Speaker 9: like decades ago, is a substantially different bill. So the
• 8:04
  Speaker 9: House is going to have to vote one more time.
• 8:06
  Speaker 9: And after the House votes, and you would hope that
• 8:09
  Speaker 9: if it passes the Senate with a bipartisan vote, the
• 8:11
  Speaker 9: House will pass it with a bipartisan vote. Is expected.
• 8:14
  Speaker 9: This thing goes to the President's desk and they're hoping
• 8:16
  Speaker 9: early July July fourth signing ceremony, But sometime in July
• 8:21
  Speaker 9: President Trump signs this and clarity is enacted into law.
• 8:26
  Speaker 2: That would be unbelievable if that were to occur. Now, remember,
• 8:30
  Speaker 2: all of this is boiling down to what's happening right now.
• 8:33
  Speaker 2: I think, especially as we lead into midterms now, there
• 8:36
  Speaker 2: are some people out there though, that still believe that
• 8:39
  Speaker 2: clarity is not needed.
• 8:41
  Speaker 1: Arthur Hayes says it.
• 8:43
  Speaker 10: Take look, so we don't need no regulations, right who
• 8:46
  Speaker 10: cares clarity?
• 8:46
  Speaker 11: I have to hope from vetos it if it ever
• 8:48
  Speaker 11: gets to his desk. Don't need any of these regulations.
• 8:50
  Speaker 11: If bitcoin and crypto needed regulations, who survive you wouldn't
• 8:54
  Speaker 11: be worth a dying because what's the point If you're
• 8:56
  Speaker 11: just going to have another fugazi derivative that sits on
• 8:59
  Speaker 11: some member of the financial system's balance sheet.
• 9:02
  Speaker 10: We got that, we don't need that. What's the point?
• 9:04
  Speaker 10: And I think people miss this distinction. The reason why
• 9:07
  Speaker 10: banks want to offer this product to their clients is
• 9:09
  Speaker 10: because the product does something for its client. It's a
• 9:11
  Speaker 10: don correlated asset that's done very very well in inflationary
• 9:14
  Speaker 10: environments and environments when lots of FIA has been created.
• 9:17
  Speaker 10: Obviously the clients want to have some of that, and
• 9:18
  Speaker 10: the bank is in the business of making fees and
• 9:20
  Speaker 10: provide the product of their clients want. So sure they
• 9:22
  Speaker 10: want to onboard crypto.
• 9:24
  Speaker 1: They tell me this has any chance of passing.
• 9:26
  Speaker 10: I mean, I hope it doesn't pass, but.
• 9:27
  Speaker 2: All right, So there you've got Arthur talking about it
• 9:30
  Speaker 2: that it's really not necessary. But at the same time,
• 9:33
  Speaker 2: there are the traditional capitalists out there like Kevin O'Leary
• 9:37
  Speaker 2: who breaks it down saying, hey, now's the chance.
• 9:39
  Speaker 1: See what he had to say.
• 9:41
  Speaker 12: Tokenization will never be adopted by institutional index Ever, neither
• 9:45
  Speaker 12: will Bitcoin, which is still a fringe asset to the
• 9:47
  Speaker 12: big guys. I mean, it has to become compliant globally
• 9:53
  Speaker 12: within the SEC with an actual passage of a bill.
• 9:57
  Speaker 12: When that occurs, it's going to change everything. But it
• 10:02
  Speaker 12: hasn't happened yet, and in midterms are coming at November.
• 10:05
  Speaker 1: The chance to pass this bill is now.
• 10:08
  Speaker 12: The tragedy since last October on all of the alt
• 10:11
  Speaker 12: coins and I call them poopoo coins, they got slaughtered
• 10:14
  Speaker 12: because the large institution's preparing for indexing, thinking the bill
• 10:18
  Speaker 12: was going to pass at the end of October, figured
• 10:20
  Speaker 12: out that ninety seven percent of the entire vault of
• 10:22
  Speaker 12: the entire market is simply BTC and ETH. That's all
• 10:26
  Speaker 12: you need to own. You don't need to own anything.
• 10:28
  Speaker 1: Else, all right. So you've got a couple of points there.
• 10:31
  Speaker 2: I think the key is is when you look at
• 10:33
  Speaker 2: regulatory frameworks being built around industries, almost every major industry
• 10:39
  Speaker 2: out there has had some sort of regulatory alignment. So
• 10:42
  Speaker 2: if you agree the digital assets is an industry, which
• 10:46
  Speaker 2: I believe it is, then there's going to be a
• 10:48
  Speaker 2: regulatory framework. I don't think that we're going to be
• 10:51
  Speaker 2: in a world where clarity isn't going to be a reality.
• 10:55
  Speaker 2: So now I get it that there's a lot of
• 10:58
  Speaker 2: ogs out there that you know, like krip, whether it's
• 11:00
  Speaker 2: Bitcoin or ether or any of the OJ's in the
• 11:04
  Speaker 2: center around saying that we don't necessarily need this, I
• 11:07
  Speaker 2: think you have to look past that. You've got to
• 11:09
  Speaker 2: look at where is this going to go as an industry,
• 11:12
  Speaker 2: and I think that's where we are right now. I'm
• 11:14
  Speaker 2: not agreeing with O'Leary. I still am on the fence.
• 11:17
  Speaker 2: I do love DeFi I still think that is a
• 11:20
  Speaker 2: big part of this, as well as privacy.
• 11:22
  Speaker 1: All of this plays into it.
• 11:23
  Speaker 2: But what I do know is if we don't get
• 11:25
  Speaker 2: this done and we get a democratic House and Senate,
• 11:29
  Speaker 2: it is going to get interesting, and probably not in
• 11:32
  Speaker 2: a good way.
• 11:33
  Speaker 1: For Crypto oil, though.
• 11:36
  Speaker 2: Is surging right now one hundred bucks after Iran's Supreme
• 11:39
  Speaker 2: leader ordered that enriched uranium must stay in Iran. Remember
• 11:42
  Speaker 2: they were talking about trying to get a third party
• 11:44
  Speaker 2: to hold it. They can talk about Russia. Then they
• 11:46
  Speaker 2: come back and said this. Then right behind that, you
• 11:49
  Speaker 2: have another drop in it another two point three percent
• 11:52
  Speaker 2: after Iran denied.
• 11:54
  Speaker 1: The reports that they said that.
• 11:55
  Speaker 2: So, I mean this oil is trading like a yo
• 11:58
  Speaker 2: yo stock right now. And Mark Cudboorg goes into a
• 12:02
  Speaker 2: little bit of what this could mean in terms of
• 12:05
  Speaker 2: an end to the war.
• 12:07
  Speaker 1: Take a look, We've.
• 12:08
  Speaker 4: Got SpaceX coming, I've got an Anthropic IPO open Ai
• 12:12
  Speaker 4: IPO coming.
• 12:14
  Speaker 1: All of that's great news, isn't it. What do I
• 12:15
  Speaker 1: need to worry about oil prices?
• 12:20
  Speaker 13: I think that's an absolute valid question, guy, because that's
• 12:24
  Speaker 13: where were kind of trading.
• 12:25
  Speaker 1: The short term.
• 12:25
  Speaker 13: We've had a bunch of good tech news. So we've
• 12:28
  Speaker 13: had the Samsung strike averted, We've had Anthropic making a
• 12:31
  Speaker 13: profit in the last quarter as it doubled its revenues
• 12:34
  Speaker 13: we've had in video showing that its costs are controlled
• 12:37
  Speaker 13: continued to make you know, just amense amount of revenues.
• 12:41
  Speaker 1: So you know, we've got the SpaceX.
• 12:42
  Speaker 13: IPO raising a large amount of money. There's so much
• 12:44
  Speaker 13: good news in the tech sector and it's broadening out
• 12:47
  Speaker 13: and absolutely that's wh we're trading the short term, which
• 12:49
  Speaker 13: is why we're kind of ignoring the strake. We're going
• 12:51
  Speaker 13: it doesn't really matter if they don't get a resolution
• 12:53
  Speaker 13: to the strait. It really does matter, and that's why
• 12:56
  Speaker 13: I think there's an asymmetric setup.
• 12:58
  Speaker 2: Okay, I agree in the sense I think it does
• 13:01
  Speaker 2: matter and it will matter, especially I think to risk assets.
• 13:05
  Speaker 2: The bigger part of this from a macro setup, as
• 13:07
  Speaker 2: we've talked around at the front of the show, and
• 13:09
  Speaker 2: that is around the fet what is going to happen
• 13:11
  Speaker 2: next with Kevin Walsh. The other things that play into
• 13:14
  Speaker 2: this is how the broader market, you know, sucks out
• 13:16
  Speaker 2: liquidity into a lot of the risk products that are
• 13:19
  Speaker 2: out there, and one of them is going to be SpaceX.
• 13:21
  Speaker 2: SpaceX opening at one point seventy five trillion.
• 13:24
  Speaker 1: Let me zoom in on that, guys.
• 13:25
  Speaker 2: That's right, one point seventy five trillion is their plan.
• 13:29
  Speaker 2: They're going to raise seventy five billion. This is more
• 13:31
  Speaker 2: than a double of what Saudi Aramco's was, which was
• 13:34
  Speaker 2: twenty six billion, record breaking IPO back in twenty nineteen.
• 13:40
  Speaker 2: So just remember, guys, this will start to put some
• 13:43
  Speaker 2: pressure in the market in a very unique way. Now,
• 13:45
  Speaker 2: I don't know that in first of all, I'm not
• 13:47
  Speaker 2: saying I'm not giving a financial mice saying you just
• 13:49
  Speaker 2: go in and trade, you know, SpaceX. This will probably
• 13:52
  Speaker 2: be as volatile as we've seen on any of these openings.
• 13:55
  Speaker 2: And remember a lot of these stocks open to the public.
• 13:58
  Speaker 2: All of these have been pre sold, so that pump
• 14:01
  Speaker 2: up is usually when retail gets a chance. That's what
• 14:04
  Speaker 2: defies for what the opportunity that really represents in crypto.
• 14:08
  Speaker 2: That's the area that I think we should be looking
• 14:10
  Speaker 2: in terms of where the market is heading. But if
• 14:13
  Speaker 2: you look at this, SpaceX owns eighteen thousand bitcoin right now,
• 14:17
  Speaker 2: that's one point four to five billion. This is all
• 14:20
  Speaker 2: coming in off the SEC filing. We'll probably learn a
• 14:22
  Speaker 2: lot more about what's going on in many of these companies,
• 14:25
  Speaker 2: including Anthropic. Could there be some sort of crypto connection
• 14:28
  Speaker 2: on many of these, that'll be the question.
• 14:30
  Speaker 1: Now Tom Lee is.
• 14:32
  Speaker 2: Now putting all this together into a new narrative, and
• 14:35
  Speaker 2: it's an interesting narrative because it kind of packages this
• 14:39
  Speaker 2: in in a different way.
• 14:41
  Speaker 1: Listen to what he had to say.
• 14:42
  Speaker 8: JP Morgan makes sixty billion a year, the most profitable
• 14:46
  Speaker 8: bank in the world with three hundred thousand employees. Chainstreet
• 14:51
  Speaker 8: is a firm that is newer, just moves money around,
• 14:55
  Speaker 8: you know, trading with a lot of quant and compute,
• 14:59
  Speaker 8: and this year is probably going to earn forty billion
• 15:02
  Speaker 8: dollars with three thousand employees. So with one one thousands
• 15:07
  Speaker 8: the number of employees, they're almost as profitable as JP Morgan,
• 15:11
  Speaker 8: and they're making more money than the second, third, fourth
• 15:14
  Speaker 8: largest banks in the world. Tether, which is a cryptonative,
• 15:18
  Speaker 8: completely digital native bank selling a stable coin called Tether,
• 15:23
  Speaker 8: is going to make fifteen billion this year, which would
• 15:26
  Speaker 8: rank it as the eighth most profitable bank in the
• 15:28
  Speaker 8: world with three hundred employees. So I think that what's
• 15:33
  Speaker 8: happening with blockchain is what happened with digital media, where
• 15:38
  Speaker 8: there were the traditional studios and then there was Netflix.
• 15:41
  Speaker 8: But my guess is that in ten years, five of
• 15:44
  Speaker 8: the ten largest banks in the world will be digitally
• 15:48
  Speaker 8: native companies.
• 15:50
  Speaker 2: Okay, Tom and I agree on that because it is
• 15:54
  Speaker 2: an evolution, and it could be an evolution that has
• 15:58
  Speaker 2: been as violent as the evolution of media. Because media,
• 16:01
  Speaker 2: what these references is kind of the media from Hollywood
• 16:04
  Speaker 2: to what's going on with Netflix. I think the bigger,
• 16:07
  Speaker 2: broader picture is how media evolved from mainstream media and
• 16:12
  Speaker 2: the dislike and distrust of it now to what you've
• 16:15
  Speaker 2: seen now with podcasting, even shows like this. So the
• 16:18
  Speaker 2: banking and financial industry I think does go in that way.
• 16:21
  Speaker 2: Another area that you kind of have to consider, and
• 16:25
  Speaker 2: that is this right here hasib kind of hits on it.
• 16:28
  Speaker 2: Right here Ethereum is the Microsoft of crypto. Now, I
• 16:30
  Speaker 2: would push back on that. Listen, I've worked for them
• 16:33
  Speaker 2: for a while. The problem in the early days with
• 16:36
  Speaker 2: Microsoft is they actually missed the Internet, So I don't
• 16:41
  Speaker 2: know that that's a good comparison.
• 16:42
  Speaker 1: Let's just remember that.
• 16:44
  Speaker 2: And they lost to Apple as well in terms of
• 16:47
  Speaker 2: an operating system. Then of course they got killed on
• 16:51
  Speaker 2: antitrust lawsuits which kind of limited their whole So I
• 16:55
  Speaker 2: would hope that they're not Microsoft, or if you're an
• 16:58
  Speaker 2: ETH lover.
• 16:59
  Speaker 1: Or an ETH hater.
• 16:59
  Speaker 2: I'm not sure which way he falls, but if I
• 17:02
  Speaker 2: was looking at this, that would be a problem for
• 17:05
  Speaker 2: ETH because Microsoft not No.
• 17:07
  Speaker 1: Do they eventually get out of it?
• 17:08
  Speaker 2: Yes, and they become a great company like they are now,
• 17:11
  Speaker 2: But that took decades to get there. Many people would say, well,
• 17:14
  Speaker 2: that's how long it's been taken to get eat the
• 17:16
  Speaker 2: all time highs. You have to look at all of
• 17:18
  Speaker 2: these things kind of flowing into this. Crypto needs a
• 17:21
  Speaker 2: big winner to lead us out of this bear market,
• 17:24
  Speaker 2: and it might be happening right in front of us.
• 17:26
  Speaker 2: Many people say it's going to be Hype, and I
• 17:29
  Speaker 2: don't know. Do you guys think that will be the
• 17:31
  Speaker 2: case or do you think Eth will actually come to
• 17:33
  Speaker 2: the rescue finally and lead us out of the bear
• 17:36
  Speaker 2: bear market? Drop your comments down below. What is the
• 17:40
  Speaker 2: token that you feel is going to be the one
• 17:42
  Speaker 2: that starts to get the attention of not only retail
• 17:44
  Speaker 2: but also institutional. The other thing I want to hit
• 17:47
  Speaker 2: on right here, well, you got to consider the love
• 17:50
  Speaker 2: affair that we now have with bitwise and Hype now trading,
• 17:54
  Speaker 2: and this again is getting crazy. Bhyp available out there,
• 17:58
  Speaker 2: Bitwise hyper liquids et now launched under Bitwise, so huge deals.
• 18:03
  Speaker 2: I think we'll continue to see movement here. Hypeer course
• 18:06
  Speaker 2: dominating right now around the purpose market. There are some
• 18:09
  Speaker 2: challengers that might hit that, but Hype definitely leading the way.
• 18:12
  Speaker 2: If you look at the token right now, absolutely exploded
• 18:15
  Speaker 2: off of about thirty eight bucks holding right now trading
• 18:18
  Speaker 2: at fifty eight dollars as we record this. So we're
• 18:22
  Speaker 2: going to be covering this in a lot more as
• 18:23
  Speaker 2: we edge into clarity very soon, hopefully in June, with
• 18:28
  Speaker 2: just a couple more weeks around the corner, so stay
• 18:30
  Speaker 2: tuned for all that.
• 18:30
  Speaker 1: Guys.
• 18:37
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• 18:40
  Speaker 2: comment down below, and also join our free private member group.
• 18:44
  Speaker 1: The link is in the description.