Latest / The Paul Barron Crypto Show / Bitcoin Crashing️‍🔥Crypto Market Update📉

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Bitcoin Crashing️‍🔥Crypto Market Update📉 · The Paul Barron Crypto Show

0:07
Speaker 1: Welcome back into our live streams. Today. We're going to
0:09
Speaker 1: be breaking down a little bit of what happened within
0:12
Speaker 1: the bitcoin market, but also in markets in general, why
0:14
Speaker 1: this flashcat crash occurred, and hopefully give you some insights
0:18
Speaker 1: going into the rest of the week. My name is
0:20
Speaker 1: Paul Barre and welcome back into tech Path. Let's get started.
0:23
Speaker 1: I do want to thank our sponsor, and that is Coinbase.
0:26
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Speaker 1: and a ton of tokens. So check it out. Just
0:54
Speaker 1: use our link down below. Let's get into a couple
0:57
Speaker 1: of tweets here. I want to start over here with
0:59
Speaker 1: watcher Guru one hundred and ten mil liquidated from the
1:02
Speaker 1: cryptocurrency market in about sixty minutes. This happened yesterday afternoon.
1:05
Speaker 1: It was falling fast. I think everybody was kind of
1:08
Speaker 1: looking at what the potential was there. Obviously, this started
1:11
Speaker 1: to move into a lot of the liquidity around shorts
1:15
Speaker 1: and what we were seeing in the markets overall. Cryptos
1:18
Speaker 1: are us kind of hit on this. This is the
1:19
Speaker 1: most liquidations we've seen at one time Bitcoin is seen
1:23
Speaker 1: in over a year, So no big deal. I mean,
1:26
Speaker 1: it almost immediately started reversing back, so it was kind
1:30
Speaker 1: of interesting. I think anybody that's really been in crypto
1:33
Speaker 1: for very long understand that these kind of crashes happen
1:35
Speaker 1: all the time. Down and it's back up, and then
1:39
Speaker 1: you start to see, you know, the trajectories typical of
1:42
Speaker 1: bitcoin and other digital assets. I want to go to
1:45
Speaker 1: a clip real quick, because there was a few analysts
1:47
Speaker 1: out there, Anthony Pampeliano, you know, kind of responding to
1:51
Speaker 1: what some of the analysts were asking, take a look.
1:54
Speaker 2: To sell off was said to be sparked by a
1:56
Speaker 2: wave of leverage driven liquidation after a drop in Ethereum
2:00
Speaker 2: joined us Now to discuss the crypto market. As Anthony Pampleana.
2:03
Speaker 2: He's seeing a break under fifty nine a couple of times,
2:06
Speaker 2: only to go back above sixty four sixty five. What
2:11
Speaker 2: do we make of it?
2:12
Speaker 3: Well, I think it's just sideway summer, right. You know,
2:14
Speaker 3: people kind of saw this huge run up after the
2:16
Speaker 3: Bitcoin e TF got approved earlier this year. A lot
2:19
Speaker 3: of capital flew into that, both retail and some institutional,
2:22
Speaker 3: and when the summer hit people I think kind of
2:24
Speaker 3: just went away. And so as we've traded sideways, there
2:26
Speaker 3: has been volatility. But I do think that if you
2:29
Speaker 3: look at the historical kind of bull run cycles, kind
2:32
Speaker 3: of end of Q three into Q four is when
2:34
Speaker 3: things start to pick up. But also leverage has definitely
2:38
Speaker 3: increased in the use in the market. And so whenever
2:40
Speaker 3: you see kind of any liquid asset you get, you
2:43
Speaker 3: know a good amount of leverage in there, it can
2:45
Speaker 3: move in both directions with more volatility. And if you
2:47
Speaker 3: compare bitcoin to maybe something like gold, they're both soald
2:50
Speaker 3: money principles, but bitcoin's one year volatility is point three
2:53
Speaker 3: to five golds is point nine, and so that volatility
2:58
Speaker 3: is part of what draws people that they want the
3:00
Speaker 3: upside of something like bitcoin, but they still want the
3:03
Speaker 3: sound money frost, so they still want to trade it.
3:06
Speaker 1: So, you know, I think those are our reasonable analysis,
3:09
Speaker 1: and it is crypto in the crux of what we've
3:12
Speaker 1: seen before around some of these slower months, So I'm
3:15
Speaker 1: kind of in agreement with that, and I do see
3:18
Speaker 1: you know, you see this within all cycles that we've
3:20
Speaker 1: seen in the past. The interesting thing is how do
3:23
Speaker 1: the ETFs respond. And I think that's the factor that
3:26
Speaker 1: we have yet to really see because when you look
3:27
Speaker 1: at the ETFs, even though yes they've dipped slightly, but
3:29
Speaker 1: they've been mostly up, especially I BIT. So it's going
3:33
Speaker 1: to be interesting to see how this all plays out
3:35
Speaker 1: in especially as Bitcoin starts to run over seventy k
3:39
Speaker 1: that'll be the tell of how this all starts to show.
3:43
Speaker 1: I want to go over of course and get into
3:44
Speaker 1: the ETHTF, but before we do that, make sure and
3:48
Speaker 1: jump into the Diamond Circle. This is one of the
3:50
Speaker 1: places that you guys can get additional content. All you
3:52
Speaker 1: have to do is visit our website ballbearon Network and
3:55
Speaker 1: jump onto memberships. That's where you sign up for the
3:58
Speaker 1: Diamond Circle. We do a lot of additional content over there.
4:01
Speaker 1: It comes out to you or in your email, and
4:03
Speaker 1: it's a great place to get into our own community.
4:06
Speaker 1: You guys can talk to me directly. I'm in that
4:08
Speaker 1: chat all the time, So check it out. Just use
4:10
Speaker 1: our link down below. It does help the kind of
4:12
Speaker 1: build the connection of a lot of our users and
4:16
Speaker 1: followers out there. So let's get into eth. I want
4:19
Speaker 1: to talk about this real quick. The spot ETF flows
4:22
Speaker 1: now at a little bit underwhelming overall versus Bitcoin. This
4:26
Speaker 1: is coming in from JP Morgan. A couple of points
4:29
Speaker 1: they hit on right here. Net outflows overall since their launch.
4:32
Speaker 1: This was of course a little bit dismal. The outflows
4:36
Speaker 1: from gray scales ethereum trusts were also much larger than
4:39
Speaker 1: the bank had originally anticipated. And then the bank also
4:42
Speaker 1: noted growing interest from asset managers for a combined ETF
4:46
Speaker 1: that gives auxposure to both bitcoin andy that doesn't necessarily
4:49
Speaker 1: put people in the eight boat all in. And we've
4:52
Speaker 1: talked about this before, is that the likelihood is that
4:56
Speaker 1: we would probably see a mixture of those ETFs starting
4:59
Speaker 1: to flow, so and that may be happening. Now. I've
5:02
Speaker 1: got some other clips here, one of course is John
5:04
Speaker 1: Wu because this is getting into more detail around Avalanche,
5:10
Speaker 1: and also just the Ether ETF in general. He's got
5:13
Speaker 1: a good take on this. Take a look.
5:15
Speaker 4: Why do you think we haven't seen the same enthusiasm
5:18
Speaker 4: for spotty three ETFs that we've seen for spot bitcoin ETFs.
5:20
Speaker 4: It's nice to see you, Tim. I don't think anyone
5:22
Speaker 4: anticipated Ethereum ETF to be as successful as the Bitcoin
5:27
Speaker 4: ETF was. But in reality Bitcoin really has just one competitor.
5:32
Speaker 4: That's goal. Etherey is about creating utility and use cases.
5:36
Speaker 4: They actually have many many competitors, from Avalanche, the Salonta
5:39
Speaker 4: to a whole bunch of others, And so you had
5:42
Speaker 4: a situation where the supply because it's a mint and
5:44
Speaker 4: earned proof of state type model where supplies increasing and
5:48
Speaker 4: yet transactions are just kind of steady. So there's a
5:51
Speaker 4: little bit in balance. But I am very positive that
5:54
Speaker 4: over time it is still in pole position and has
5:57
Speaker 4: a chance to really create a lot of this access
6:00
Speaker 4: will allow others to get into the space.
6:04
Speaker 1: So you're still looking forward on you know ETFs, especially
6:07
Speaker 1: into you know, these secondary chains, much like what we've
6:10
Speaker 1: seen with eth. Remember, Avalanche is also potentially in the
6:14
Speaker 1: running for an ETF. He has some things to say
6:16
Speaker 1: about that take a look.
6:18
Speaker 5: And more hopes of a Soalana ETF being approved really
6:23
Speaker 5: diminishing here. In many ways, there's not a lot of
6:26
Speaker 5: hope for one to be approved in the near term here.
6:29
Speaker 5: So what does that mean? Would you want to be
6:32
Speaker 5: associated with some sort of ETF wrapper at some point?
6:35
Speaker 5: Is it problematic that more tokens are not?
6:38
Speaker 4: So I can't speak for who's going to get ETF
6:42
Speaker 4: or not, but as an operator space, what I care
6:44
Speaker 4: about is that you see more adoption. And this space
6:48
Speaker 4: really has three components that drive it. One is the
6:51
Speaker 4: macro level. We saw Jerome poll come out, so that's
6:53
Speaker 4: going to be positive, not just US. Every central bank
6:56
Speaker 4: is lowing rates flows. The fact that there is an
6:59
Speaker 4: ETF for em and bitcoin will create more access, so
7:02
Speaker 4: that's ultimately positive. Morgan Stanley is going to let their
7:05
Speaker 4: rias now sell a bitcoin ets so that's definitely positive.
7:10
Speaker 4: And I think what people don't realize is the adoption
7:12
Speaker 4: on network and in this space is actually growing a lot.
7:16
Speaker 4: If you look at wallets, look at addresses, it's there,
7:20
Speaker 4: you know. So I'm very positive going forward.
7:23
Speaker 1: Now, you guys probably remember a video we did quite
7:26
Speaker 1: some time ago around Hashkei, and this is one of
7:28
Speaker 1: the Asian market offerings out there. And the key was
7:33
Speaker 1: which token was going to get approved beyond Bitcoin, ETF
7:37
Speaker 1: and bcoin in the eighth and one of them, of
7:40
Speaker 1: course was Avalanche. So it did actually happen. I'm surprised
7:43
Speaker 1: that we're not seeing more news on that just yet
7:45
Speaker 1: on avax. I think maybe that we'll have some impact
7:49
Speaker 1: coming up soon, and most likely we are going to
7:51
Speaker 1: be doing a big Avalanche video coming up probably early
7:54
Speaker 1: next week. So beyond the lookout for that, there are
7:57
Speaker 1: some things happening that will reveal around and some of
8:01
Speaker 1: the strategy and research that we've been doing. So I
8:03
Speaker 1: want to get into the next big news item, and
8:05
Speaker 1: of course that is the Wells Notice over to open ce.
8:10
Speaker 1: SEC wants to now sue open c because NFTs are
8:12
Speaker 1: security is the idea behind this is pretty much what
8:16
Speaker 1: Gary Ginsler has been doing for quite some time, and
8:18
Speaker 1: that is a war on crypto and all crypto. The
8:21
Speaker 1: difference here with open see as Wells Notice opens up everything.
8:26
Speaker 1: It opens up creators, big brands, all sorts of entities
8:31
Speaker 1: out there that are way beyond just going after a
8:34
Speaker 1: single project. This is by far one of the biggest
8:39
Speaker 1: I think overreaches that we have yet to see. Possibly
8:43
Speaker 1: a lot of people don't truly understand the implications that
8:47
Speaker 1: this could have as a ripple effect throughout not only business,
8:51
Speaker 1: but I think the future of web three. So this
8:54
Speaker 1: is a much bigger story and it's a much bigger
8:56
Speaker 1: issue that I think is going to be addressed in
8:59
Speaker 1: the next few months. One thing to kind of and
9:03
Speaker 1: because it's such a great, big story, look at what
9:05
Speaker 1: open C responded to help ensure creators are continuing to
9:07
Speaker 1: build without fear. We're pledging a five million dollar bounty
9:11
Speaker 1: so to speak, to cover legal fees for any NFT
9:14
Speaker 1: artists and developers that receive a wells notice. So that's
9:21
Speaker 1: that is I would have to say, that's that's pretty ballsy,
9:23
Speaker 1: So kudos to them. I think this is the key
9:25
Speaker 1: because it is a fight right now to deal with this,
9:28
Speaker 1: and again it is the crypto army led by Senator
9:31
Speaker 1: Warren who has pushed Gary Gensler into the limelight and
9:35
Speaker 1: of course as her person to really kind of help
9:38
Speaker 1: construct the fight against what we've seen all across crypto
9:41
Speaker 1: for quite some time and now no different here with
9:44
Speaker 1: open C other tweet right here. This, of course is
9:48
Speaker 1: a day after interesting timing. Day after Trump dropped another
9:51
Speaker 1: NFT collection, Open c received the Wells notice from the SEC. So,
9:57
Speaker 1: Trump killing the NFT market. I love it. I think
9:59
Speaker 1: it's called innovation is killing the NFT market. Here's Camin Winklevoss.
10:04
Speaker 1: He's out of the reset with crypto has turned into
10:07
Speaker 1: an expansion of the war on crypto. Totally agreed with that,
10:12
Speaker 1: is that this is just getting more brisk and more brisk,
10:15
Speaker 1: which tells me something in the way of what we're
10:17
Speaker 1: going to most likely see coming out of the Harris camp,
10:22
Speaker 1: and that is probably a anti crypto stance, much like
10:26
Speaker 1: the policy that was carried over from the Biden administration.
10:29
Speaker 1: Tyler Winkelvoss came in and says, the SEC is now
10:32
Speaker 1: trying to claim the NFT securities. Our securities was an
10:35
Speaker 1: ext baseball cards, comic books. You named the collectible out there.
10:38
Speaker 1: You're going to be exposed to a digital web. Three
10:41
Speaker 1: creators and artists are now in the crosshairs. So this
10:44
Speaker 1: is a big deal and it does change the I
10:47
Speaker 1: think maybe even the strategy for innovation here in the
10:50
Speaker 1: United States. And I want you to think about just
10:53
Speaker 1: a handful of companies that have been able to do this,
10:55
Speaker 1: even though there's a slew of major brands, but Nike
10:58
Speaker 1: is probably one of the ones that I kind of
11:00
Speaker 1: consider the most potential because they've had such a successful
11:05
Speaker 1: figital and digital campaign in terms of really extending brand
11:10
Speaker 1: IP and I think that's the bigger question here because
11:13
Speaker 1: that is going to thwart Nike from other global shoemakers
11:17
Speaker 1: as well as other global fitness companies that are going
11:21
Speaker 1: to be able to implement strategies around this, where Nike
11:24
Speaker 1: may end up doing something a little different, especially if
11:27
Speaker 1: this gets a little bit more heated and we don't
11:29
Speaker 1: get the pushback. But I imagine we're going to see
11:31
Speaker 1: a massive pushback to the SEC on all of this.
11:35
Speaker 1: And of course you have Anthony Karamuci coming in. Gezer
11:38
Speaker 1: wants Harris to lose the election pretty clear. I think,
11:41
Speaker 1: as I said, I think these kinds of issues are
11:45
Speaker 1: continuing to track along in a very big way. I
11:48
Speaker 1: do not necessarily believe much in the way of where
11:52
Speaker 1: polymarkets trends are going. I think there is a clear
11:55
Speaker 1: leadership right now when it comes to the crypto community
11:59
Speaker 1: that most likely it's Trump's election to lose. There's just
12:03
Speaker 1: too many things that happen that are not good for crypto,
12:05
Speaker 1: and crypto I think will make the difference, truly make
12:08
Speaker 1: the difference. Going out there, make sure and drop some
12:10
Speaker 1: questions in over on the side. I'll try to get
12:12
Speaker 1: some of those in the chat. And if you're by
12:17
Speaker 1: the way, if you're not, like I said, if you're
12:18
Speaker 1: not the diamond circle, get in always. We leave a
12:21
Speaker 1: link down below. And also, I think we've got a
12:24
Speaker 1: poll going right, so make sure and fill out the
12:27
Speaker 1: pole kind of take a look at that as well.
12:29
Speaker 1: I want to kick click over to this tweet right here.
12:32
Speaker 1: And of course this is interesting because that's Max Kaiser.
12:35
Speaker 1: Now Max Kaiser, you guys will know Max. He is
12:38
Speaker 1: pretty much one of the Bitcoin Maxi's out there. But
12:42
Speaker 1: his statement pretty straightforward. NFTs are unquestionably securities. Gary is correct.
12:48
Speaker 1: So let me know, do you guys think Max is
12:51
Speaker 1: full of it or Gary's full of it? Give me
12:54
Speaker 1: a comment down below and we'll get going. Nice questions
12:58
Speaker 1: coming in over there. I will get to those and
13:00
Speaker 1: take a few, so make sure and drop them in.
13:02
Speaker 1: Here's another point I want to make, and this is
13:05
Speaker 1: some of the stats. I was surprised at some of
13:08
Speaker 1: these numbers, but these are some of the stats around NFTs,
13:11
Speaker 1: and this is now you know, this year, I'll zoom
13:14
Speaker 1: in on some of these. NFT market worldwide projected to
13:17
Speaker 1: reach a mark a volume of about three point two
13:20
Speaker 1: billion in twenty seven. NFT market is expected to have
13:23
Speaker 1: about nineteen million users by twenty seven, and you look
13:27
Speaker 1: at the size, Look at that, gen Y, this is
13:29
Speaker 1: still going to be a large portion of the market
13:32
Speaker 1: I think going forward, and that's going to be a
13:34
Speaker 1: big voting block too. Ten thousand wallarns an NFT market
13:37
Speaker 1: will reach eighty billion. I mean, look at these crazy stats.
13:41
Speaker 1: The amount of impact that this has on the overall
13:45
Speaker 1: market is significant. So I think Gary may have actually
13:50
Speaker 1: picked a fight that is a little bit too deep.
13:52
Speaker 1: Here's number twelve. Millennial millennials are three times more likely
13:56
Speaker 1: than gen Z to purchase NFT. So again, that's right now,
13:59
Speaker 1: the biggest earning population in the United States, around forty
14:02
Speaker 1: two percent of millennials also have a tangible collection. So
14:06
Speaker 1: that's the other factor that comes into this. So this
14:09
Speaker 1: is going to affect a lot of people, I think
14:11
Speaker 1: in a very quick way. I want to go to
14:13
Speaker 1: a clip real quick, and this is James Seifert talking
14:18
Speaker 1: about Donald Trump's pro bitcoin position.
14:21
Speaker 6: Take a look the political process. One hundred percent was involved.
14:26
Speaker 6: How much was involved is up for debate. In my opinion,
14:29
Speaker 6: I think what the SEC was trying to do they
14:31
Speaker 6: had sent Wells notices basically saying they were going to
14:33
Speaker 6: sue consensus, which is building a ton of shit on ethereum.
14:37
Speaker 6: What they were planning to deny the ETFs. They wanted
14:39
Speaker 6: to find some smoking guns, some smoking bullet to basically say, like,
14:44
Speaker 6: this thing is a security we can't approve these as
14:46
Speaker 6: commodity based ETFs, which is what they are now. I
14:49
Speaker 6: think they were having a hard time finding information. They
14:51
Speaker 6: knew if they denied, they were going to have to
14:52
Speaker 6: go to court, and I think initially the SEC was
14:54
Speaker 6: okay with that, we'll go to court, we'll lose again,
14:56
Speaker 6: but we're going to kick this can down the road
14:57
Speaker 6: as far as possible. But then, like what you were
15:01
Speaker 6: hinting at, Trump had his NFT party in mar A
15:03
Speaker 6: Lago in May ninth or tenth or somewhere around there
15:06
Speaker 6: and talked about how he loved bitcoin, He's gonna be
15:08
Speaker 6: the Bitcoin president. But the problem is, did the BIDED
15:10
Speaker 6: admin call down and tell Genzer, like, look, we're not
15:13
Speaker 6: going to lose an election because you deny you like
15:15
Speaker 6: denied some etherey METF like who actually cares, Like, we
15:18
Speaker 6: don't we we're going to say we're pro crypto. They
15:20
Speaker 6: haven't done anything. Besides, it proved the ETF really to
15:23
Speaker 6: do it to say that, but they just I don't
15:25
Speaker 6: think they wanted to lose on that argument.
15:28
Speaker 1: Well, I think James is wrong there. They're going to
15:31
Speaker 1: lose on that argument. I think the crypto community is
15:33
Speaker 1: powerful enough, and I think it's getting just more pissed
15:36
Speaker 1: off when it comes to these kinds of movements. And
15:39
Speaker 1: remember all of this is this next sixty seventy days
15:43
Speaker 1: is critical here. We are going into September. Literally we
15:47
Speaker 1: are inside that window now where I think these kinds
15:50
Speaker 1: of mistakes are very deadly for campaigns. So it's just
15:54
Speaker 1: a situation I think where you know, if you're in
15:56
Speaker 1: that camp right now and you're not trying to correct
15:59
Speaker 1: what's happening in DC, that we clearly have I think
16:03
Speaker 1: a vision of what it's going to look like for
16:05
Speaker 1: the next four years. If we don't get someone else
16:07
Speaker 1: in the White House. A lot of questions coming in
16:10
Speaker 1: last clip I want to hit on was this right here,
16:14
Speaker 1: and that is talking about in Vidia real quick, one
16:18
Speaker 1: million invested in November of twenty twenty two now worth
16:21
Speaker 1: ten mil. Now that's the power of AI, guys, and
16:25
Speaker 1: we've talked about a lot of AI tokens out there.
16:28
Speaker 1: This will translate into a lot of projects that are
16:32
Speaker 1: living within the crypto ecosystem. You guys know them. You're
16:35
Speaker 1: going to see everything from render to near protocol, et
16:37
Speaker 1: cetera that I think are going to benefit from the
16:40
Speaker 1: continued resurgence of the potential that we'll see from Nvidia.
16:44
Speaker 1: And of course their earnings are coming in right after
16:46
Speaker 1: close today, so my anticipation this will continue to rock.
16:50
Speaker 1: We'll probably see another big move in the S and
16:53
Speaker 1: P tomorrow and possibly some big moves in some of
16:55
Speaker 1: the crypto AI projects out there. All right, let's get
16:59
Speaker 1: to so a few questions on today, But before we
17:02
Speaker 1: do that, let's go over to the poll. Real quick.
17:03
Speaker 1: Take a look, all right, what happens first? Bitcoin fifty
17:06
Speaker 1: or bitcoin seventy. Everybody's split on this? Wow, fifty three
17:10
Speaker 1: on seventy though, so a little bit more bullish, but surprising.
17:15
Speaker 1: I'm going to stay with the bulls today in the
17:17
Speaker 1: seventy kamp camp. I don't think we're going to fifty
17:21
Speaker 1: quite yet. PBN ether Soul, which is a better investment, Well,
17:25
Speaker 1: they're both good investments. I'm not an investment advisor, but
17:29
Speaker 1: for me, they're both good investments. I like them, both them,
17:32
Speaker 1: invested in both. It's pretty obvious NFT collections are utility tickets.
17:36
Speaker 1: Easy case to argue in court, for sure, Bobby, that's
17:40
Speaker 1: no doubt. How will the point two five rate cut
17:43
Speaker 1: next really affect bitcoin? I don't know if it's some
17:47
Speaker 1: of it's priced in. I think the bigger concern I
17:50
Speaker 1: have is going to be the issue around jobs if
17:54
Speaker 1: we because remember this is something that Pallace said, the
17:57
Speaker 1: job's number is what they're focusing on now they've got
17:59
Speaker 1: a slow down this unemployment. If they do not slow
18:02
Speaker 1: down the unemployment and we continue to hold inflation, even
18:06
Speaker 1: if we only drop a point, you know, just one
18:09
Speaker 1: hundred basis points, you're going to see a big impact
18:13
Speaker 1: on how the market receives that quarter point, Meaning we
18:17
Speaker 1: may not see a big run up now, granted, sure,
18:20
Speaker 1: there's going to be up to four cuts over the
18:22
Speaker 1: next what is it, eighteen months. I think that will
18:24
Speaker 1: start to get into some good position because I think
18:26
Speaker 1: it will help correct some of the markets, including real
18:29
Speaker 1: estate et cetera. That will start to, you know, help
18:32
Speaker 1: ease up some of that. But it still boils down
18:34
Speaker 1: to jobs and how sticky inflation holds. Fifty k in
18:39
Speaker 1: September before rate cut. I don't think so. I don't
18:42
Speaker 1: think so. I mean, it could go there, but right
18:45
Speaker 1: now it's it's a little bit on the sideways. Time
18:48
Speaker 1: to buy more NFTs might be a good move right now,
18:50
Speaker 1: because there could be a lot of NFTs bottoming out
18:54
Speaker 1: right now with all this news. I've always thought Max
18:56
Speaker 1: is full of it. Render or Near better this bull run. Ooh,
19:01
Speaker 1: that's a tough one. Renders had a really good run.
19:05
Speaker 1: Near is kind of on back and forth, and it
19:09
Speaker 1: also has has had a good run. I think I
19:10
Speaker 1: would hedge on both, really, but those are the two
19:14
Speaker 1: I like for sure. Funny, XRP is in the spotlight.
19:18
Speaker 1: You laugh now it's now it's in your court and
19:21
Speaker 1: everybody's crying. I don't think so. I think XRP. Remember
19:24
Speaker 1: the only non security by the courts. So the XRP,
19:32
Speaker 1: you know, family and the XRP Army have a lot
19:34
Speaker 1: to be thankful for on that sec versus rh cord
19:40
Speaker 1: coming in October. Regardless of your position, now come as
19:42
Speaker 1: important on that. Which oh, on the robin Hood case. Okay,
19:49
Speaker 1: all right, yeah that is true. But I would look
19:51
Speaker 1: at coinbase. I think that's a big one that will
19:55
Speaker 1: continue to see and we still need legislation to get
19:58
Speaker 1: through in the fall. I think it's November and December.
20:01
Speaker 1: We still have some opportunities. I don't know if we'll
20:03
Speaker 1: get anything done this year, but we'll see chain link
20:07
Speaker 1: or pith chain link. This will be thrown out of court.
20:10
Speaker 1: Bobby says. I'm kind of in that camp, but it's
20:13
Speaker 1: going to cause a lot of damage on the way
20:15
Speaker 1: collectibles now securities unlikely sec and sends a notice that
20:21
Speaker 1: mark is supposed to trend upwards. They do it purposely. NFTs,
20:26
Speaker 1: I love it. PBN just curious. Did Cardono accidentally eat
20:31
Speaker 1: the last slice of pizza? Can't figure out why? Okay, well, okay,
20:36
Speaker 1: you don't love every token, and it's not that it's
20:38
Speaker 1: a love. That's the first thing. Do not fall in
20:41
Speaker 1: love with tokens. They're just assets, Okay, They're volatile, they
20:45
Speaker 1: move around, some go up, some go down. If you
20:48
Speaker 1: like a project, you probably have a reason. Sometimes you
20:51
Speaker 1: just like it because it's a cool meme coin. Sometimes
20:54
Speaker 1: you like it because of the founder. You know, we
20:56
Speaker 1: just have not you know, at one time I owned
20:58
Speaker 1: a lot of cardano and had a great, great return
21:02
Speaker 1: on it, so it was an awesome token. But I'm
21:04
Speaker 1: just looking for bigger opportunities. I don't necessarily see that
21:07
Speaker 1: right now in Ada. Let's see what else we have
21:11
Speaker 1: another man's point, Yeah, okay, looking to buy up some
21:13
Speaker 1: more dips? True on that. I think this is a
21:16
Speaker 1: good position where if anybody is looking at dry powder,
21:19
Speaker 1: look for some of these dips to continue to move
21:21
Speaker 1: along here because you're probably in a position where you're
21:23
Speaker 1: holding through next year. Well, what's happening now is really
21:27
Speaker 1: just a little bit of noise. Let's see here thanks
21:30
Speaker 1: to binance and no, I don't think so fifty to seventy.
21:33
Speaker 1: A lot of statements out there. I know we got
21:35
Speaker 1: a lot of comments in the show today. But one
21:39
Speaker 1: thing for sure, guys, you got to get out there
21:42
Speaker 1: and vote this time. If you've never voted before. This
21:45
Speaker 1: is the time you're if most likely you're watching our show,
21:47
Speaker 1: you're a one or two issue voter, and Crypto is
21:50
Speaker 1: going to be here for a long time. This is
21:52
Speaker 1: going to have a huge impact on your future. And
21:55
Speaker 1: if we don't get administration supporting this industry is going
22:00
Speaker 1: to be an issue. And I think this is the
22:02
Speaker 1: thing that everybody needs to really understand. Let's see here,
22:06
Speaker 1: what else? One more? Pol Okay, let's go to that
22:09
Speaker 1: second poll. All right, Greg guns there, fired or resigns
22:13
Speaker 1: before ooh, that's closer. I thought. I don't think he
22:18
Speaker 1: does it before November fifth. Now, granted, he's definitely getting
22:23
Speaker 1: in the mix here causing Harris a little bit of trouble.
22:27
Speaker 1: Could be a subtle, you know, tug, but I don't
22:31
Speaker 1: think so. I think he stays in the office for
22:33
Speaker 1: at least until the vote. What else do we have?
22:39
Speaker 1: I think there's one more on h bar. Let me
22:41
Speaker 1: see if I can pull up there. What was the
22:44
Speaker 1: the deal on hbar? Can you please can please from
22:46
Speaker 1: anyone from h par did you like the like you did?
22:50
Speaker 1: We just had a video with h bar. Go back
22:53
Speaker 1: and just search Hadera on our channel. We just had
22:56
Speaker 1: Mats Harmon on not too long ago, but maybe two
22:59
Speaker 1: or three weeks ago. Plus, we have an h bar
23:02
Speaker 1: video dropping tomorrow that has an amazing angle on how
23:07
Speaker 1: Hadera is being used in the banking system. You guys
23:10
Speaker 1: don't want to miss that video because it's a really
23:11
Speaker 1: good video on how banking in credit unions are using Hadera.
23:17
Speaker 1: Foul coin or ore, we've ooh, I'm gonna say our,
23:20
Speaker 1: we've just because you know it's the new kid, I'll
23:22
Speaker 1: go with the our weave on that one. All right, guys,
23:25
Speaker 1: we're gonna be trying to get more videos out to
23:28
Speaker 1: you this week. We've got a lot happening here. We
23:30
Speaker 1: will of course, you're gonna have Labor Day this week,
23:32
Speaker 1: are coming next week, so make sure to stick around.
23:34
Speaker 1: If you're not subscribed to the channel, do that right now,
23:37
Speaker 1: hit that little bell so when these lives go out,
23:40
Speaker 1: you'll get notified and make sure follow me on X
23:44
Speaker 1: it's just at Paul Baron. We'll catch you next time
23:46
Speaker 1: right here on Techpath