Latest / The Paul Barron Crypto Show / Whales Buying Crypto🚀Bullish Outlook Continues📈

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Whales Buying Crypto🚀Bullish Outlook Continues📈 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Whales are buying, but who else is causing the crypto
• 0:09
  Speaker 1: market to explode. My name is Small Barren. Welcome back
• 0:11
  Speaker 1: in a tech path. Let's get started today. We'll break
• 0:13
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  Speaker 1: get a little bit off as well, and it does
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• 0:47
  Speaker 1: way to go. I want to go into a lot
• 0:49
  Speaker 1: of coveraging the market because a lot of anticipation here
• 0:53
  Speaker 1: right now off the market is getting ready to coil
• 0:56
  Speaker 1: and strike. One thing that of course everybody is watching
• 1:00
  Speaker 1: is President Trump and what he says take a look.
• 1:03
  Speaker 2: Rising market will do. Oh, it's going to get a
• 1:06
  Speaker 2: lot higher.
• 1:07
  Speaker 3: In fact, I told people five weeks ago it's a
• 1:11
  Speaker 3: great time to buy.
• 1:12
  Speaker 2: I got criticized for that.
• 1:13
  Speaker 4: Now they don't criticize me anymore.
• 1:14
  Speaker 3: People should have listened.
• 1:16
  Speaker 5: But it's going to go a lot higher.
• 1:18
  Speaker 2: See, We've never had anything like this happen.
• 1:20
  Speaker 6: It's an explosion of investment and jobs and great companies
• 1:25
  Speaker 6: are coming in. Never seen anything like it.
• 1:27
  Speaker 1: All right, So kind of Trump gloating a little bit
• 1:30
  Speaker 1: from his call last couple of weeks ago in terms
• 1:33
  Speaker 1: of anticipating a lot of the moves, and I think
• 1:35
  Speaker 1: sometimes he almost gives you a little bit of insight
• 1:39
  Speaker 1: to what's really going on behind the scenes, because it's
• 1:42
  Speaker 1: possible that maybe this Geneva meeting with the Chinese, maybe
• 1:46
  Speaker 1: they had a good idea that there was going to
• 1:49
  Speaker 1: be something positive coming out of that. That of course
• 1:51
  Speaker 1: caused the market to move quite a bit. Everything now
• 1:54
  Speaker 1: is back to pre Liberation Day levels except the US dollar,
• 1:57
  Speaker 1: which is much weaker. That is also I think by design.
• 2:00
  Speaker 1: When you look at the overall market and how this
• 2:02
  Speaker 1: is going, the other thing that is playing into this
• 2:05
  Speaker 1: is going to be CPI, and this is now falling
• 2:08
  Speaker 1: again to two point three, so below expectations. At two
• 2:11
  Speaker 1: point four, course, CPI was also down two point eight,
• 2:14
  Speaker 1: which was in line.
• 2:16
  Speaker 2: And if you look at just where trueflation is, this is.
• 2:19
  Speaker 1: The kind of fall off that we have seen since
• 2:23
  Speaker 1: the top right there, which was in January.
• 2:26
  Speaker 2: So leading up to.
• 2:27
  Speaker 1: January, obviously through the end of last year, inflation continued
• 2:32
  Speaker 1: to hold at least on the true inflation side, but
• 2:34
  Speaker 1: it has completely bottomed out. The real question is with
• 2:38
  Speaker 1: lowering inflation, the fact that we most likely have a
• 2:43
  Speaker 1: tariff deal. Are we in a position now where the
• 2:46
  Speaker 1: Fed does not end up doing any rate cuts before
• 2:49
  Speaker 1: the end of the year, And how's that going to
• 2:50
  Speaker 1: be affecting the market? Tariffs will show I think maybe
• 2:55
  Speaker 1: the next cycle, or at least the next print in
• 2:58
  Speaker 1: terms of inflation, and I think that's where they're going
• 3:01
  Speaker 1: to show up.
• 3:02
  Speaker 2: Take a look at this clip, Ellen, what this is
• 3:04
  Speaker 2: a good number? Are you happy?
• 3:05
  Speaker 4: I think, look this number, You're gonna hate this. This
• 3:08
  Speaker 4: number doesn't matter because the tariff effects are going to
• 3:11
  Speaker 4: really start to show up in next month's number. Next month,
• 3:14
  Speaker 4: but the Fed probably is going to cut this year
• 3:18
  Speaker 4: and I understand the.
• 3:19
  Speaker 2: Wait and see, but you've got three.
• 3:21
  Speaker 4: Percent growth last year, we're probably slowing to round one
• 3:24
  Speaker 4: percent growth this year, and so inflation, they're going to
• 3:27
  Speaker 4: have an easier time saying this is a one off
• 3:29
  Speaker 4: level shift in prices and they're going to be able
• 3:32
  Speaker 4: to look beyond it, and that's what they really want
• 3:34
  Speaker 4: to do. You will get some more slack in the
• 3:36
  Speaker 4: labor market. Look at how the tourism numbers are off
• 3:38
  Speaker 4: so sharply.
• 3:39
  Speaker 2: I mean, Canada is off sharply.
• 3:41
  Speaker 4: You've got planes that are not full coming over from Europe.
• 3:45
  Speaker 4: And so what happens when we start to hire for
• 3:47
  Speaker 4: leisure and hospitality jobs in the summer and we're hiring
• 3:50
  Speaker 4: but not as much as we normally do. That's negative.
• 3:54
  Speaker 4: You're going to have some slack building in the labor market.
• 3:56
  Speaker 4: It's going to be easier for this FED to go
• 3:58
  Speaker 4: ahead and cut.
• 4:00
  Speaker 2: Not right now, all right.
• 4:02
  Speaker 1: So there's a couple of things I do agree with there.
• 4:04
  Speaker 1: One thing is around the jobs tonight, a scenario that
• 4:07
  Speaker 1: is playing out. I do think that we're going to
• 4:10
  Speaker 1: see much harder hits on the job markets coming up
• 4:14
  Speaker 1: in the next ninety days. That may push the fed
• 4:17
  Speaker 1: a little bit quicker towards the early fall to make
• 4:21
  Speaker 1: that cup cut occur. And I think this is going
• 4:23
  Speaker 1: to be a big fact because also remember if tariffs
• 4:26
  Speaker 1: do have that stemming effect into this next print on inflation,
• 4:32
  Speaker 1: it'll be interesting to see how Chair Pale and also
• 4:35
  Speaker 1: the administration deal with this. Because we've been going down
• 4:38
  Speaker 1: for the last few months. Now we could get a lift.
• 4:41
  Speaker 1: Now is that going to be a long term impact.
• 4:43
  Speaker 1: That's the real question because obviously a lot of this
• 4:45
  Speaker 1: will play into where many of these things are going,
• 4:48
  Speaker 1: and that means volatility. So here's Larry Fink talking about
• 4:52
  Speaker 1: what to look for in volatility over the next little bit.
• 4:55
  Speaker 2: Take a look. The markets need certainty.
• 4:59
  Speaker 5: In Europe, there's twelve trillion dollars in money sitting in
• 5:02
  Speaker 5: bank accounts in Europe. In the United States, there's eleven
• 5:05
  Speaker 5: trillion dollars sitting in money market funds the US, and
• 5:09
  Speaker 5: I wrote in an editorial and election day in the
• 5:12
  Speaker 5: Wall Street Journal, the US economy needs a three percent
• 5:16
  Speaker 5: growth rate to overcome its deficits. And I do believe
• 5:20
  Speaker 5: what President Trump is trying to do. I believe consistent
• 5:24
  Speaker 5: what the Kingdom is trying to do. They're trying to
• 5:26
  Speaker 5: create more public private investing, and I think that'll be
• 5:30
  Speaker 5: the characteristic that we're all going to be watching. So yes,
• 5:33
  Speaker 5: we're gonna have allatility in the next ninety days.
• 5:36
  Speaker 2: All right, So there you heard it.
• 5:37
  Speaker 1: Ninety days is the real window here. Then I think
• 5:41
  Speaker 1: we have to kind of wait and see what's gonna
• 5:43
  Speaker 1: happen with both inflation and of course the FED and
• 5:45
  Speaker 1: how they're going to handle the fall in terms of
• 5:47
  Speaker 1: right cut, I don't anticipate one through the summer, at
• 5:50
  Speaker 1: least unless we don't see a dramatic effect on jobs,
• 5:54
  Speaker 1: and that can still show up in the next job
• 5:57
  Speaker 1: print or the one after, So be looking for those.
• 6:00
  Speaker 1: Tom Lee, who has been an analyst that's been very
• 6:02
  Speaker 1: bullish for quite a bit, he kind of got skittish
• 6:04
  Speaker 1: a little bit there during this most recent downturn, but
• 6:07
  Speaker 1: he's talking about maybe these skeptics are going to finally
• 6:11
  Speaker 1: start to agree with him.
• 6:12
  Speaker 2: Take a look.
• 6:14
  Speaker 7: The stock market did have a liquidation event, as you
• 6:16
  Speaker 7: point out, but waterfall declines all of them seventeen out
• 6:22
  Speaker 7: of eighteen since nineteen fifty had a V shaped recovery,
• 6:25
  Speaker 7: So we knew that whenever the bottom was established, the
• 6:28
  Speaker 7: bottom would be a V shape.
• 6:29
  Speaker 1: I think because the selloff was so politically oriented that
• 6:33
  Speaker 1: it kind of took on a life of its own.
• 6:35
  Speaker 2: Would you agree with that?
• 6:37
  Speaker 7: If you excluded ten best days of twenty twenty three
• 6:41
  Speaker 7: or the ten best days of twenty twenty four, the
• 6:43
  Speaker 7: SMP only returned three percent a year each of those years.
• 6:47
  Speaker 7: So you need to stay in the market, as you
• 6:49
  Speaker 7: point out, in order to get the twenty percent games.
• 6:51
  Speaker 7: And I think this year is another example of people
• 6:54
  Speaker 7: rage sold at forty eight thirty five and now they're
• 6:56
  Speaker 7: buying in today. They missed a thousand points or twenty
• 7:00
  Speaker 7: percentage points of a game in twenty twenty five.
• 7:02
  Speaker 4: And for those who missed and wish that they had
• 7:04
  Speaker 4: piled in at the lows now a month ago, what
• 7:07
  Speaker 4: do you say?
• 7:07
  Speaker 7: Now? There's a lot to be excited about. We have
• 7:09
  Speaker 7: deregulation coming, we have the tear tobaccle behind us, we
• 7:14
  Speaker 7: have tax cuts possibly, and then we might have better
• 7:18
  Speaker 7: trade partnerships with other countries, meaning US companies at earning's upside.
• 7:22
  Speaker 7: I think that the market is flat here to date
• 7:25
  Speaker 7: through May, so I don't think anyone should feel like
• 7:27
  Speaker 7: they missed anything. I think that they're going to have
• 7:29
  Speaker 7: a chance to buy a lot of companies. A lot
• 7:31
  Speaker 7: of stocks got obliterated, and I think that these washed
• 7:34
  Speaker 7: out names are still opportunity.
• 7:37
  Speaker 1: All right, So what he's getting at is this right here,
• 7:39
  Speaker 1: This is the S and P over that eight week
• 7:41
  Speaker 1: span for what Tom Lee is talking about, and that
• 7:44
  Speaker 1: was a significant downturn from its market high.
• 7:47
  Speaker 2: If you look at all the way down.
• 7:49
  Speaker 1: To that wick right there, you're still talking about a
• 7:51
  Speaker 1: twenty percent adjustment. Now, is that enough of a reversal
• 7:55
  Speaker 1: that we've seen so far, at least on the S
• 7:57
  Speaker 1: and P. Many people would say, if you're watching our
• 7:59
  Speaker 1: CHANNELPTO has definitely seen a reversal. With now Bitcoin pressuring
• 8:04
  Speaker 1: its all time high, EAT starting to move as well.
• 8:07
  Speaker 1: There's a lot of indicators now that might agree with
• 8:09
  Speaker 1: Tom Lee, and that is a lot of this is
• 8:12
  Speaker 1: getting ready to fly.
• 8:13
  Speaker 2: Now.
• 8:13
  Speaker 1: There's one, I guess, sour note to this whole issue,
• 8:16
  Speaker 1: and part of this has been around something that we've
• 8:19
  Speaker 1: talked about quite a bit, and.
• 8:20
  Speaker 2: That's the Genius Act.
• 8:22
  Speaker 1: This is one of the stable coin bills that was
• 8:24
  Speaker 1: turned down last week due to Senator Warren's you know,
• 8:28
  Speaker 1: last minute antics of being able to get it basically
• 8:31
  Speaker 1: deterred by a handful of Democrats, and of course Ryan
• 8:35
  Speaker 1: Segis came back on and saying, hey this, if this
• 8:37
  Speaker 1: doesn't get done, then this will be all of crypto
• 8:41
  Speaker 1: legislation under President Trump will essentially be dead on arrival.
• 8:45
  Speaker 1: That would be a big impact, I think overall. Also,
• 8:49
  Speaker 1: I think it would also cause a little bit of
• 8:51
  Speaker 1: issue with Trump and the administration in terms of where
• 8:55
  Speaker 1: David Zachs the crypt Aizar is kind of positioned around this.
• 8:58
  Speaker 2: It'll be interesting to see.
• 9:00
  Speaker 1: I know the Bitcoin conference is coming up, the XRP
• 9:03
  Speaker 1: conference is coming up, the Accelerate conferences coming up. There's
• 9:07
  Speaker 1: gonna be a lot of politicians that are talking at
• 9:09
  Speaker 1: these events. I'm curious as to what they're going to
• 9:11
  Speaker 1: say about the Genius Act. If you look at the
• 9:13
  Speaker 1: all coin index right now in terms of all coin season,
• 9:17
  Speaker 1: is it in a position right now to where you
• 9:20
  Speaker 1: would buy so let me know in the comments if
• 9:22
  Speaker 1: you guys are in a position right now, because it's
• 9:24
  Speaker 1: not in the green yet, we're really just warming up.
• 9:28
  Speaker 1: Is this a spot where you would go ahead and
• 9:30
  Speaker 1: deploy capital you're talking about Larry fink. They're saying, there's
• 9:33
  Speaker 1: so much money on the sidelines. Part of that most
• 9:35
  Speaker 1: likely is going to hit the liquidity side of crypto.
• 9:38
  Speaker 1: Let me know what you guys think, Will you start
• 9:40
  Speaker 1: to drop some into some of these all coins? Because
• 9:42
  Speaker 1: I know right now, at least if you're in our
• 9:45
  Speaker 1: diamond circle and you're in our own telegram group. We
• 9:48
  Speaker 1: did a poll on there recently and it was by
• 9:51
  Speaker 1: far most people dcaing into all coins, so very interesting. Now,
• 9:57
  Speaker 1: coming out of token to PI, a lot of people
• 9:59
  Speaker 1: were talking about where was this liquidity coming from, how
• 10:02
  Speaker 1: is it flowing through? Here was a lot of the
• 10:04
  Speaker 1: ETF analysts breaking it down, take a look who's buying.
• 10:08
  Speaker 8: It's been interesting to watch this shift over the course
• 10:11
  Speaker 8: of the sixteen or so months that we've had these
• 10:14
  Speaker 8: ETFs in the US. At the outset, it certainly was
• 10:17
  Speaker 8: predominantly retail. And what we've seen is this pretty striking
• 10:22
  Speaker 8: pattern where every single quarter the percentage that's in retail
• 10:26
  Speaker 8: goes down and the percentage that's institutional wealth advisory goes up.
• 10:32
  Speaker 6: Our odds approval for like Salona XRP spot went from
• 10:36
  Speaker 6: one percent to fifty. Now they're now up to seventy
• 10:39
  Speaker 6: because there have been no withdrawals. Just real quick, you
• 10:42
  Speaker 6: think they're going to allow eth staking in the ETF
• 10:45
  Speaker 6: had on a forecast that Okay, can you answer that too?
• 10:48
  Speaker 4: Yeah, it has to happen through legislation, And my answer
• 10:50
  Speaker 4: is yes, Okay, quick, Paul, raise your hand if you
• 10:53
  Speaker 4: think bitcoin hits newer all time highs later this year.
• 10:58
  Speaker 2: Bullish, Oh my gosh.
• 11:00
  Speaker 9: So there we go.
• 11:01
  Speaker 1: Okay, all right, so a little bit of fun there.
• 11:05
  Speaker 1: But I think the point is is they're getting at
• 11:07
  Speaker 1: institutional definitely in a position right now, and with the
• 11:10
  Speaker 1: amount of liquidity on the sidelines, this could be one
• 11:12
  Speaker 1: of the key points right before summer that starts to
• 11:15
  Speaker 1: move into this. And remember it's very possible that crypto
• 11:18
  Speaker 1: may not act the same way as the S and
• 11:21
  Speaker 1: P five hundred because people can trade it so much
• 11:24
  Speaker 1: more freely, and when you look at twenty four to
• 11:26
  Speaker 1: seven Marcus three sixty five, it does kind of change
• 11:29
  Speaker 1: the philosophy you have how you go about trading coinbas
• 11:32
  Speaker 1: institutions are also talking about this. This is them kind
• 11:36
  Speaker 1: of breaking down. You know, the amount of other cryptos
• 11:39
  Speaker 1: that are starting to get some attention, and even vcs
• 11:43
  Speaker 1: in terms of investment, take a look bitcoin.
• 11:46
  Speaker 8: You know, everybody here is bitcoin crazy, because most people,
• 11:49
  Speaker 8: if they're into crypto.
• 11:50
  Speaker 4: They're really into bitcoin.
• 11:51
  Speaker 3: What do you make of these other currencies and how
• 11:53
  Speaker 3: should we think about that? So the narrative I like
• 11:56
  Speaker 3: to think about is, well, there's bitcoin. This is about
• 11:58
  Speaker 3: top twenty tokens, which have really at each trying to
• 12:00
  Speaker 3: solve real problems. The stack below that I think of
• 12:04
  Speaker 3: as a venture capital pool. So if you're investing in
• 12:06
  Speaker 3: venture capital, you generally have a portfolio theory where you
• 12:09
  Speaker 3: know that a meaningful portion of your portfolio is not
• 12:12
  Speaker 3: going to succeed, some will tread water, and if you're lucky,
• 12:16
  Speaker 3: you'll have a couple of huge winners. I think thinking
• 12:19
  Speaker 3: about crypto that way is a good narrative because it's
• 12:24
  Speaker 3: fairly easy.
• 12:24
  Speaker 4: To create a coin.
• 12:26
  Speaker 3: People create coins for fun, they create coins to solve
• 12:28
  Speaker 3: business problems, they create co coins to solve social problems.
• 12:31
  Speaker 3: So I think if you view it as a venture
• 12:32
  Speaker 3: capital portfolio, you can risk adjust it appropriately.
• 12:38
  Speaker 1: That's interesting venture capital portfolio. I think some of the
• 12:41
  Speaker 1: tokens I would would agree, yes, definitely a high risk portfolio,
• 12:46
  Speaker 1: but I think some of the blue chips are in
• 12:49
  Speaker 1: a little bit of a different class, and I think
• 12:51
  Speaker 1: that may work out in the markets overall, especially around
• 12:55
  Speaker 1: how most people are going to be going into some
• 12:57
  Speaker 1: of these all coins in the near future. The other
• 12:59
  Speaker 1: thing that plays into this is kind of the concept
• 13:02
  Speaker 1: of digital gold. And when you look at digital gold,
• 13:05
  Speaker 1: and we've talked about this quite a bit, the key
• 13:08
  Speaker 1: is here is tokenized assets. We're going to start to
• 13:10
  Speaker 1: see this come into a variety of areas. RBA's are exploding.
• 13:14
  Speaker 1: The likelihood of expansion in that area around not only securities,
• 13:18
  Speaker 1: but many other asset classes is real. Here's a clip
• 13:21
  Speaker 1: where Pantheric Capital talks a little bit more about this.
• 13:24
  Speaker 2: Take a look.
• 13:25
  Speaker 10: Previous panel was talking about the scalability we've been invested
• 13:28
  Speaker 10: in arbitram Stark, where blocks route a bunch of projects
• 13:32
  Speaker 10: that are massively scaling our views. Is kind of like
• 13:36
  Speaker 10: the dial up to broadband moment. It was not that functional,
• 13:40
  Speaker 10: and now it's getting very functional. One of the transactions
• 13:43
  Speaker 10: that's happening right now that I love I've been waiting
• 13:45
  Speaker 10: for for twelve years. I think digital gold is now
• 13:48
  Speaker 10: overtaking old school gold.
• 13:51
  Speaker 1: What an interesting statement because I would agree with that,
• 13:54
  Speaker 1: we're starting to see more movement on that. We've talked
• 13:56
  Speaker 1: about it quite a bit with some of the key
• 13:59
  Speaker 1: people out there within the gold industry. I'm kind of curious,
• 14:01
  Speaker 1: when you guys are investing, is a digital gold framework
• 14:05
  Speaker 1: even something that you're looking at around alternative asset classes
• 14:10
  Speaker 1: or are you looking at securities and things of that nature.
• 14:12
  Speaker 1: One note on that, and that is who are the
• 14:15
  Speaker 1: new IPOs that you could maybe you know because a
• 14:18
  Speaker 1: lot of people will say, Hey, Paul, I like the
• 14:20
  Speaker 1: S and people or Crypto, but I'm staying with the
• 14:22
  Speaker 1: S and P five hundred based on crypto holding, so Strategy, Coinbase,
• 14:26
  Speaker 1: maybe Robin Hood some of those. Maybe there's a new
• 14:30
  Speaker 1: entry coming in and that of course could be Animocha.
• 14:32
  Speaker 1: Now you guys will know them because they've been on
• 14:34
  Speaker 1: our channel quite a bit. Here's Yacht Sue talking about this,
• 14:36
  Speaker 1: but Animocha is planning a US listing coming in from
• 14:40
  Speaker 1: Yacht Sue says, Trump's crypto friendly regulations create a very
• 14:43
  Speaker 1: unique moment for the crypto market, and.
• 14:45
  Speaker 2: I would agree that this is the time.
• 14:48
  Speaker 1: If Animoka is going to pull the trigger on this,
• 14:50
  Speaker 1: this would be the time to do it. Now, will
• 14:52
  Speaker 1: that be enough to get awareness around what anamoca truly is.
• 14:58
  Speaker 1: That's the big question mark that I think a lot
• 15:00
  Speaker 1: of analysts will be asking because they'll say, who is anamocha?
• 15:04
  Speaker 1: What is their big value proposition? Everybody's looking at from
• 15:07
  Speaker 1: a wall street side, So it's going to be up
• 15:09
  Speaker 1: to them to kind of get things rolling here.
• 15:10
  Speaker 2: Now.
• 15:11
  Speaker 1: One thing that is changing hands is the fact that
• 15:14
  Speaker 1: robin Hood is now starting more acquisitions and today they
• 15:16
  Speaker 1: acquired Wonderfi, which.
• 15:18
  Speaker 2: Is one hundred and eighty million.
• 15:20
  Speaker 1: Now, I know that's not a lot, but when you
• 15:22
  Speaker 1: look at a platform like Wonderfi, who is running essentially
• 15:26
  Speaker 1: on arbitrum, this opens things up pretty interesting for what
• 15:32
  Speaker 1: maybe Robinhood could be doing in the coming months.
• 15:35
  Speaker 2: So be on the lookout here.
• 15:37
  Speaker 1: Robin could be starting to really push some very interesting
• 15:40
  Speaker 1: acquisitions going into this cycle of crypto, and I think
• 15:44
  Speaker 1: that's where retail will start to come in. Robin Hood
• 15:47
  Speaker 1: will benefit from that along with just their strategy overall.
• 15:51
  Speaker 1: Another thing that's happening Van k has launched the v bill,
• 15:54
  Speaker 1: which is the first tokenized US Treasury fund. This is
• 15:57
  Speaker 1: on Salon, it's on avalanches, on e The key here
• 16:00
  Speaker 1: is they're doing it tokenized bi Securitized Securitize one of
• 16:03
  Speaker 1: the biggest companies out there, as you guys know, working
• 16:06
  Speaker 1: with Blackrock and many others around RWA. So another big
• 16:10
  Speaker 1: move in the market's right there by van Ak could
• 16:12
  Speaker 1: and kudos to them.
• 16:14
  Speaker 2: Let's look at fear and greed, because.
• 16:15
  Speaker 1: This is one thing that I've been amazed at how
• 16:18
  Speaker 1: quickly let me zoom in on this for you guys.
• 16:19
  Speaker 2: Look at how.
• 16:20
  Speaker 1: Quickly this came off of the mark. At literally just
• 16:25
  Speaker 1: April ninth, we were at our lowest point that we've
• 16:29
  Speaker 1: had in a while.
• 16:30
  Speaker 2: That's twenty five.
• 16:32
  Speaker 1: Look how fast the market has recovered here almost now
• 16:35
  Speaker 1: pacing right in line with the S and P. And
• 16:38
  Speaker 1: when you look at the S and P, just the
• 16:40
  Speaker 1: regular stock market, fear and greed, look at the comparison
• 16:43
  Speaker 1: right here one month ago. That was setting it in
• 16:46
  Speaker 1: nineteen guys, nineteen it is now hovering almost clipping into
• 16:51
  Speaker 1: extreme greed. So how much more can the market take
• 16:55
  Speaker 1: before we see a pullback? Many of the analysts are
• 16:58
  Speaker 1: trying to figure that out. I think this is to
• 17:00
  Speaker 1: be a factor that remember, crypto typically lags behind, so
• 17:05
  Speaker 1: cycle behind. What we're seeing here on the S and
• 17:07
  Speaker 1: P five hundred profits come out of S and P
• 17:09
  Speaker 1: five hundred moving into more risk assets. That's where you
• 17:12
  Speaker 1: start to see some of the movements. That's why I
• 17:15
  Speaker 1: think you're seeing a lot of states, a lot of companies,
• 17:19
  Speaker 1: and a lot of strategies starting to dogpile. And what
• 17:23
  Speaker 1: I mean by that is, here's a clip of Mayor Adams.
• 17:26
  Speaker 1: This is New York City mayor saying that they are
• 17:28
  Speaker 1: going to become the new crypto capital.
• 17:30
  Speaker 2: Take a look.
• 17:32
  Speaker 9: If you're in the crypto blockchain, Web three or the
• 17:36
  Speaker 9: fintech space, New York City is open for business. We're
• 17:41
  Speaker 9: going to show that in this amazing summit that is
• 17:44
  Speaker 9: going to take place on May twenty.
• 17:47
  Speaker 1: All Right, so New York's got a lot of clean
• 17:48
  Speaker 1: up to do. I kind of, you know, chuckle at
• 17:51
  Speaker 1: that a little bit, just because of their attax situation.
• 17:54
  Speaker 2: And will New York walk the walk?
• 17:56
  Speaker 1: I mean, we'll see if they open things up, start
• 17:58
  Speaker 1: making it easier regulatory wise to for business to operate
• 18:02
  Speaker 1: in New York. Okay, maybe I'm interested, but even then,
• 18:05
  Speaker 1: you still have state tax, you still have a lot
• 18:08
  Speaker 1: of regulations from capital gains there's many things that still
• 18:11
  Speaker 1: go against New York, which is why I think you're
• 18:15
  Speaker 1: going to continue to see places like Texas, Florida and others.
• 18:18
  Speaker 2: Continue to excel in this space.
• 18:20
  Speaker 1: The good news is that everybody gets the joke now,
• 18:24
  Speaker 1: so everybody's running to try to position that not only
• 18:28
  Speaker 1: their business, their states, their organizations into this. And once
• 18:31
  Speaker 1: we get a stable coin bill passed, that's when I
• 18:33
  Speaker 1: think we start to see real movement in the space.
• 18:36
  Speaker 1: Don't forget a lot happening out there, including Salana their
• 18:39
  Speaker 1: big event happening next week in New York. This will
• 18:43
  Speaker 1: see everything from TAC finance, a lot of policy structurey adjusting,
• 18:48
  Speaker 1: lots of good speakers, as well as the Bitcoin conference
• 18:51
  Speaker 1: coming up in Vegas and even the XRP event also
• 18:53
  Speaker 1: in Vegas. All this is happening in May, so this
• 18:57
  Speaker 1: could be a big month for crypto overall. Make sure
• 18:59
  Speaker 1: and subscribe to the channel right now if you have
• 19:01
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• 19:04
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• 19:08
  Speaker 1: from us. Make sure and follow me out there on
• 19:10
  Speaker 1: x Applebear. We'll catch next time right here on Techpath