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Crypto Rally HEATING UP🔥🔥l Tax Bill Advances✅ · The Paul Barron Crypto Show

0:06
Speaker 1: Everybody is asking why is bitcoin flying? Well, part of
0:08
Speaker 1: this is because there is one big, beautiful bill that
0:12
Speaker 1: has passed and we'll get into that today. My name
0:14
Speaker 1: is Paul Barrel. Welcome back into tech Path. Let's get
0:16
Speaker 1: into of course, our sponsor, and that is Coinbase. This
0:19
Speaker 1: is a place for you guys to jump in too.
0:21
Speaker 1: Crypto guys. I know you're out there right now watching
0:24
Speaker 1: this video and it's your first time. It's your first
0:27
Speaker 1: time to go out and buy a crypto asset. Well,
0:31
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0:34
Speaker 1: And the cool thing here is when you set that
0:36
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0:39
Speaker 1: buy bitcoin, ethereum, whatever it might be, you're going to
0:42
Speaker 1: get up to two hundred bucks in.
0:43
Speaker 2: Crypto just to get started. So check it out.
0:46
Speaker 1: Use our link down below, and you guys can begin
0:49
Speaker 1: jumping in on the crypto bandwagon. One thing as a reminder,
0:53
Speaker 1: if you guys are not aware, we actually have a
0:55
Speaker 1: merch page over on the YouTube page right here, so
0:58
Speaker 1: you guys can jump into this.
1:00
Speaker 2: You can get pretty much anything you want. We have
1:02
Speaker 2: the new twenty four to three sixty five shirts, which
1:05
Speaker 2: are I think the cool one, and that is kind
1:07
Speaker 2: of the.
1:08
Speaker 1: Theme around the crypto mindset. Crypto for America, hats, cups,
1:13
Speaker 1: you name it.
1:13
Speaker 2: We've got it all for you, so you guys check
1:15
Speaker 2: it out.
1:15
Speaker 1: Supports the channel that way, if you can, let's get
1:18
Speaker 1: into it. And of course, a lot of things happening
1:20
Speaker 1: right now. The biggest is the House of Representatives erupted
1:24
Speaker 1: in cheers and applause as President's Trump's one big Beautiful
1:29
Speaker 1: Bill officially passes the House. And this, of course is
1:33
Speaker 1: a big deal because there's no tax on tips and overtime,
1:35
Speaker 1: one hundred and seventy five billion for deportations on the wall,
1:38
Speaker 1: tax really for seniors, twenty seventeen tax cuts are now permanent.
1:42
Speaker 2: That is a big deal.
1:43
Speaker 1: And of course I think this is one of the
1:45
Speaker 1: key things that we are seeing as a push into
1:49
Speaker 1: a one hundred and twelve thousand dollars bitcoin, So a
1:54
Speaker 1: lot going into it. Everybody is asking why is this
1:57
Speaker 1: spending bill good for bitcoin?
2:00
Speaker 3: Listen in this spending bill, which is massive, and it
2:05
Speaker 3: doesn't stop the freight train of US spending and the
2:10
Speaker 3: growth of the deficit relative to US GDP. So in
2:14
Speaker 3: the background of everything I said earlier, about crypto and
2:17
Speaker 3: the regulation. The spending bill also makes people concerned to say, geez,
2:21
Speaker 3: I may want to own assets away from the US dollar.
2:24
Speaker 3: This is a good competitive asset.
2:27
Speaker 1: Now, all right, So alternative assets definitely one of the
2:31
Speaker 1: things I think that is cycling in to the modern
2:35
Speaker 1: day mantra of how investing is done. The other thing
2:38
Speaker 1: that I still believe is a critical component that a
2:41
Speaker 1: lot of people are missing, and that is this dynamic
2:44
Speaker 1: shift between the demographics. So what I mean by that
2:47
Speaker 1: is boomers and X generations, which have pretty much controlled
2:50
Speaker 1: Wall Street and most of the financial markets, are now
2:53
Speaker 1: starting to hand off a lot of that impression within
2:57
Speaker 1: the millennial audience and eventually the gen z all of that,
3:00
Speaker 1: my friend, we'll start to move in the digital asset
3:04
Speaker 1: investment scape.
3:05
Speaker 2: And I think that is where we're going.
3:07
Speaker 1: And when you think about bitcoin and why it's flying, well,
3:10
Speaker 1: this is just the precursor of something bigger to come.
3:13
Speaker 3: Listen in it is a bipartisan commitment to stable coin legislation,
3:18
Speaker 3: the Genius Act. I know you love stable and genius.
3:21
Speaker 3: When those words are paying together, these are whether to
3:24
Speaker 3: the shoe fits. Listen, It's a bipartisan act and I
3:28
Speaker 3: think it's putting to bed the idea that we're going
3:32
Speaker 3: to have a partisan issue around regulation and bitcoin. And
3:35
Speaker 3: by the way, this is really along the David Sachs
3:38
Speaker 3: theory where we've got to make bitcoin bipartisan if we're
3:42
Speaker 3: really going to create a crypto reserve for the United States,
3:45
Speaker 3: and you guys know this. We have states now that
3:47
Speaker 3: are passed crypto reserves. Country sovereign wealth funds are buying it,
3:52
Speaker 3: and so this sort of paves the way for a
3:54
Speaker 3: bipartisan commitment to bitcoin, but it also opens up pathways
3:58
Speaker 3: for foundation endowments, institutional investors and so Andrew, I think
4:04
Speaker 3: this move is bitcoin when you're looking at as a
4:07
Speaker 3: capital allocator, it's sort of the now of crypto, and
4:10
Speaker 3: so therefore people are taking a toe hole position. It's
4:13
Speaker 3: thinly volumed in terms of the amount of supply that's
4:16
Speaker 3: out there, and that's what's pushing the price up so aggressively.
4:20
Speaker 1: All Right, So a few things that you have to
4:22
Speaker 1: address there with what Skaramuchie is talking about, and I
4:24
Speaker 1: think the biggest one is when you look at the
4:27
Speaker 1: amount of people that are saying, my god, you know,
4:30
Speaker 1: bitcoin's that a new all time high.
4:32
Speaker 2: Is it too late? Look at the institutional.
4:35
Speaker 1: Capital fringe of what's going on right now that I
4:38
Speaker 1: think they believe is just the beginning of where this
4:42
Speaker 1: market is going to go. Most of the crypto ogs believe, Hey,
4:46
Speaker 1: we've been in here so long, we've been, you know,
4:48
Speaker 1: trudging away at trying to get people into bitcoin. I
4:51
Speaker 1: think sometimes we ourselves overlook just how early this really is,
4:56
Speaker 1: even though a lot of people will say, my gosh,
4:57
Speaker 1: you know, one hundred and twelve thousand dollars bitcoin are
5:00
Speaker 1: near the top. That I think is the question mark
5:02
Speaker 1: that everybody's asking. And of course the biggest thing that
5:05
Speaker 1: tells me, no, is this right here. Stable coin legislation
5:08
Speaker 1: is about to pass the Senate. Bitcoin just hit a
5:11
Speaker 1: new all time high, and we have not even seen
5:14
Speaker 1: Ethereum move. We have not even seen other digital assets
5:18
Speaker 1: start to benefit from what is going to become a
5:22
Speaker 1: much more mainstream narrative going forward around all these digital assets.
5:27
Speaker 1: Now you have to think about two scenarios that play
5:30
Speaker 1: out when you think about next generation assets such as
5:33
Speaker 1: digital assets. The other side of this of the coin
5:37
Speaker 1: is to talk about AI, because there's almost a lockstep
5:40
Speaker 1: connection between AI and what's going on in the blockchain space.
5:44
Speaker 1: I want to go to what David Sachs has to
5:46
Speaker 1: say about this and why it's important take a look.
5:50
Speaker 4: I mean, I think it'll be immediate. So we already
5:53
Speaker 4: have over two or billion dollars in stable coins. It's
5:56
Speaker 4: just unregulated, and I think that if we provide the
5:59
Speaker 4: legal thing already illegal framework for this, I think we
6:01
Speaker 4: could create trillions of dollars of demand for our treasuries
6:04
Speaker 4: practically overnight, very quickly. So America has to win the
6:07
Speaker 4: AI race. If we don't, it'll be very bad for
6:09
Speaker 4: our economy, it'll be very bad for our military. So
6:12
Speaker 4: I think we're going to do us necessary to win
6:14
Speaker 4: this race.
6:15
Speaker 1: All right, So two things going on there, And the
6:19
Speaker 1: point is is that when you look at stable coin injection,
6:22
Speaker 1: it reframes what's going on with US treasuries. What I
6:26
Speaker 1: mean by that is all stable coins for the most
6:29
Speaker 1: part backed by US treasuries. When you look at nation
6:33
Speaker 1: states starting to if you've take into consideration just the
6:35
Speaker 1: Japanese situation with the en and the potential of them
6:40
Speaker 1: may be trying to say the end by selling US treasuries.
6:43
Speaker 2: Well, the alternative to.
6:44
Speaker 1: That is there could be a huge uptick as what
6:46
Speaker 1: Sax was talking about in terms of inflow into treasuries
6:51
Speaker 1: because of stable coins, because every stable coin you buy,
6:53
Speaker 1: a treasury dollar is having to be purchased at the
6:55
Speaker 1: same time to give validation around what that means, because
6:59
Speaker 1: it's it's not like banking where you've got you know,
7:02
Speaker 1: fractional reserve banking. This is a one to one asset
7:05
Speaker 1: hold that I think is one of the biggest deals
7:08
Speaker 1: that a lot of people overlook. Now when you look
7:11
Speaker 1: at bitcoin and where it's going right now, there are
7:14
Speaker 1: some very interesting signs here. First, golden cross since October
7:18
Speaker 1: and this is the last one that sent prices going
7:22
Speaker 1: forty six percent at the time, and that was over
7:25
Speaker 1: the next two months after we saw that golden cross.
7:27
Speaker 1: Now this is the next one. So are we in
7:29
Speaker 1: lou for the next major shift. If you look at
7:32
Speaker 1: bitcoin's chart right now, obviously the market is up. Let's
7:36
Speaker 1: go all the way back here back to May of
7:39
Speaker 1: just this year. Guys, Look how much the market has
7:42
Speaker 1: moved just in a little bit, and I'll.
7:44
Speaker 2: Go to the chart here.
7:46
Speaker 1: We'll go to the local bottom right there, Bitcoin's still
7:49
Speaker 1: holding up almost nine ten percent for an asset this size,
7:54
Speaker 1: that is unbelievable. I put out a tweet that kind
7:57
Speaker 1: of broke this down a little bit because of the
7:59
Speaker 1: sky rocketing position around the RSI, and it broke seventy
8:03
Speaker 1: for the first time really since twenty twenty one. It's
8:06
Speaker 1: re entering kind of this overbought territory. I think that's
8:09
Speaker 1: one of the things. But remember the last time we
8:11
Speaker 1: had bitcoin peaking in a cycle in twenty twenty one,
8:16
Speaker 1: it hit at that time was around ninety in terms
8:20
Speaker 1: of overall sentiment, and now when you look at where.
8:23
Speaker 2: We are today, much much lower than that.
8:26
Speaker 1: And that's where we are in the essence of today
8:29
Speaker 1: at sixty two point eight. So what that means if
8:31
Speaker 1: you look at sentiment in general, does bitcoin have a
8:34
Speaker 1: lot more upside? Here is one fifty in the cards
8:37
Speaker 1: going forward. Taking a look at overall crypto fear and greed,
8:41
Speaker 1: of course, we are coming right in line now with
8:44
Speaker 1: where the market is holding after dipping significantly just back
8:49
Speaker 1: here in early April and then skyrocketing up to seventy three.
8:53
Speaker 1: So one of the highest fear and greed indexes, even
8:57
Speaker 1: though we have not seen the high that we saw
9:00
Speaker 1: back here in November and December of last year, which
9:04
Speaker 1: was holding at bitcoin price right around ninety seven thousand
9:07
Speaker 1: at the time. So imagine that where we are now
9:10
Speaker 1: and where we saw the market in November December of
9:13
Speaker 1: last year. That could mean again a lot more upside
9:17
Speaker 1: going in. And I still think this is just the
9:19
Speaker 1: precursor to what really is holding up the market, and
9:22
Speaker 1: that is the potential for the rest of these digital
9:25
Speaker 1: assets to run.
9:26
Speaker 2: Let me go to this next clip because this.
9:29
Speaker 1: Will get into why the US dollar is starting to
9:32
Speaker 1: have a downshift and what this might mean for crypto.
9:35
Speaker 2: Take a look.
9:36
Speaker 5: Seeing the dollar just plummet here todate, I'm looking at
9:40
Speaker 5: Bloomberg Dollar Index. It comes from thirteen twenty down to
9:42
Speaker 5: twelve twenty, so down one hundred points. Does that fuel
9:46
Speaker 5: you think better revenues for US companies?
9:49
Speaker 6: It's definitely part of the storyline. I mean, it's one
9:50
Speaker 6: of the reasons we made this call about six weeks
9:52
Speaker 6: ago when the dollar was weaker. We said, you know,
9:54
Speaker 6: US versus rest of world is about to turn up
9:56
Speaker 6: because it affects revision breath and if we just stay
9:59
Speaker 6: around these levels, that tail one will persist into the
10:01
Speaker 6: second half. Our forecast for the dollar, by the way,
10:04
Speaker 6: in this mid year update, is for another ten percent
10:06
Speaker 6: to climb, so you think about dollars in dollars, So
10:09
Speaker 6: if that continues into next year, okay, that's just going
10:12
Speaker 6: to provide another tail one for twenty twenty six. It's
10:15
Speaker 6: just another reason why the S and P has a
10:17
Speaker 6: really hard time. You know, correcting more than ten percent.
10:19
Speaker 2: Isn't that rough for inflation?
10:21
Speaker 6: But remember this, Matt. You know stocks do well when
10:24
Speaker 6: inflation is accelerating. It's a little known fact, okay, because
10:27
Speaker 6: it drives earnings. In twenty twenty and twenty one is
10:30
Speaker 6: when inflation really took off. Those are the two best
10:33
Speaker 6: years for the average stock. So just Nick, don't underestimate.
10:36
Speaker 6: Kind of like, inflation can be bad for the consumer
10:39
Speaker 6: at the margin, as long as it doesn't turn into
10:41
Speaker 6: a recession.
10:42
Speaker 1: All right, So interesting statements there. Inflation bad for consumers
10:47
Speaker 1: at the margin, and I think this is something that
10:50
Speaker 1: we are going to most likely see. The real question
10:53
Speaker 1: is how much of an effect does this have on
10:55
Speaker 1: the FED and what is this going to look like
10:57
Speaker 1: in terms of an alternative asset, Because that's why I
10:59
Speaker 1: think obviously we've seen the performance around Bitcoin. But you
11:03
Speaker 1: got to look at all coin season right now, and
11:05
Speaker 1: if you look at the index right now, very very
11:08
Speaker 1: low on the all coin season, we haven't even gotten
11:11
Speaker 1: into a point where we could even consider all coin
11:15
Speaker 1: season coming back.
11:16
Speaker 2: So what does that tell you, guys? Right now?
11:18
Speaker 1: If you are looking at ethereum, which is only pacing
11:21
Speaker 1: it around twenty five hundred to twenty eight hundred, you've
11:24
Speaker 1: got Bitcoin now cracking through all times high, all time high,
11:27
Speaker 1: and it's not just moving through it, it's blasting through it.
11:30
Speaker 1: What does that mean in terms of dominance? Could we
11:33
Speaker 1: start to see this start to peak out? Maybe I
11:36
Speaker 1: feel that that one twenty mark is maybe our first
11:39
Speaker 1: real stabilization.
11:40
Speaker 2: Point in the market. All right, let's take a look
11:43
Speaker 2: at this right here.
11:43
Speaker 1: This is the last twenty four hours, about three half
11:46
Speaker 1: a billion in liquidations. Single largest was around six point three.
11:50
Speaker 1: So point being is that if you're trying to short
11:53
Speaker 1: the market right bitcoin specifically right now, you're probably just
11:57
Speaker 1: never going.
11:58
Speaker 2: To hit it.
11:59
Speaker 1: Is it a better opportunity to just dollar cost average?
12:02
Speaker 1: As we get small.
12:03
Speaker 2: Pullbox just like we had yesterday? We had a small
12:05
Speaker 2: pullback yesterday.
12:07
Speaker 1: Was that the kind of pullback that potentially could come
12:10
Speaker 1: if you look at.
12:11
Speaker 2: Just the chart.
12:12
Speaker 1: We'll go over here to the bitcoin chart real quick.
12:14
Speaker 1: That little pullback right there was essentially what we're talking about.
12:18
Speaker 1: And now, of course bitcoin trading at one hundred and eleven,
12:21
Speaker 1: so really is there an opportunity for us to see
12:23
Speaker 1: maybe a little bit of a dip? Is that your
12:25
Speaker 1: chance to get into bitcoin if you haven't ever been
12:28
Speaker 1: exposed to it? Now you got quite a few other
12:31
Speaker 1: things happening within crypto. Avalanche has got some news as
12:34
Speaker 1: well as Solana.
12:35
Speaker 2: One of the big.
12:36
Speaker 1: News pieces right here was FIFA now signs a partnership
12:39
Speaker 1: with Avalanche to build its own blockchain on an L one.
12:42
Speaker 1: We kind of knew this was coming, We anticipated it,
12:45
Speaker 1: we talked about this before on the show, and it
12:47
Speaker 1: is now happening. So Vifa collect has migrated to the
12:51
Speaker 1: new FIFA blockchain. This of course is now running on avax,
12:55
Speaker 1: which is probably why you're starting to see Avalanche move
12:58
Speaker 1: quite a bit just here in the last couple of days.
13:00
Speaker 1: Not necessarily this alone, many other things with van k
13:03
Speaker 1: and that fun in terms of development, which I think
13:05
Speaker 1: the ecosystem is a big deal to develop on Avalanche
13:10
Speaker 1: and that I think will help Avalanche stabilize and truly
13:13
Speaker 1: become one of the big ones for this run.
13:15
Speaker 2: The other thing you got to look at right.
13:17
Speaker 1: Now, well, there's some big news right here with Europe,
13:19
Speaker 1: and this of course means the first MIKA compliant eurostable
13:23
Speaker 1: coin integrated on the XARP ledger is now in play.
13:28
Speaker 1: So XRP could be giving us some indicators on what
13:33
Speaker 1: is to come here in the United States or in
13:35
Speaker 1: places around the world, so be on the lookout for
13:37
Speaker 1: XRP as well. Solana, of course just announced this week
13:41
Speaker 1: at Accelerate that Kraken is also launching stocks on Solana,
13:46
Speaker 1: so this will allows Solana users to trade token is
13:48
Speaker 1: stocks like Apple, Taesla and others. All this is going
13:51
Speaker 1: to be done and of course operated on xtox dot com,
13:55
Speaker 1: so you guys can learn a little bit more.
13:56
Speaker 2: About it there.
13:57
Speaker 1: This is a big deal because it does again get
14:00
Speaker 1: back into the demographic I mentioned earlier, and that is
14:03
Speaker 1: the millennials and gen z who are changing the way
14:06
Speaker 1: they invest, and I think more and more of this
14:08
Speaker 1: is just showing up on blockchain.
14:09
Speaker 2: Now.
14:09
Speaker 1: The bad news of this week, if there is any,
14:12
Speaker 1: was this announcement right here by cetas, and that was
14:16
Speaker 1: that there was an incident detected on our protocol. Smart
14:19
Speaker 1: contracts has been paused temporarily for safety. Team is investigating.
14:24
Speaker 1: This is all, of course, within the Sweet blockchain network.
14:27
Speaker 1: And you look at some statements here right here Sweet CPO.
14:31
Speaker 1: He talks about reports of the estimated around two hundred
14:33
Speaker 1: and twenty million to two hundred and thirty million stolen,
14:36
Speaker 1: Around one hundred and fifty keywords here one hundred and
14:39
Speaker 1: fifty to one sixty have been frozen and will be
14:43
Speaker 1: restored to cetus pools soon. Now this surprised me and
14:48
Speaker 1: created a bit of a pause. And the pause is
14:51
Speaker 1: this right here, and that is if, in fact we
14:54
Speaker 1: have a decentralized Sweet blockchain, how is that possible for
14:59
Speaker 1: the these things to happen? And that, I think is
15:02
Speaker 1: the question that everybody is asking. Now, this has happened
15:05
Speaker 1: on other blockchains as well. I'm beginning to see some
15:10
Speaker 1: patterns here that I'm not necessarily in favor of, But
15:13
Speaker 1: the point being is that it does change maybe one's
15:18
Speaker 1: thinking of how decentralization works.
15:21
Speaker 2: So let's just frame that up.
15:23
Speaker 1: I know it's kind of getting into a more conspiratorial theory,
15:27
Speaker 1: but pay attention to what you're doing out there in
15:29
Speaker 1: a lot of these other blockchains. One last thing, of course,
15:32
Speaker 1: is that Donald Trump is holding his.
15:34
Speaker 2: Trump Mean Coin dinner.
15:36
Speaker 1: That's happening tonight, and of course that's going to be
15:39
Speaker 1: at the National Golf Club in DC. This is for
15:41
Speaker 1: all the leaders that participated in the Trump Coin and
15:44
Speaker 1: they're getting benefits.
15:45
Speaker 2: This is where meme coins pay off with true utility.
15:50
Speaker 1: Now, of course, when you think about true utility, you
15:53
Speaker 1: got to go on the other side of things, and
15:55
Speaker 1: that is that Maxine Waters is going head to head
15:59
Speaker 1: after an anti corruption bill for Trump's dinner. And now,
16:03
Speaker 1: remember most politicians do these things anyway, they hold dinners.
16:07
Speaker 1: His is just a little different in the sense it's
16:09
Speaker 1: got a new kind of you know, whatever you want
16:13
Speaker 1: to call it, of them to be able to raise money.
16:16
Speaker 1: And of course I think this is the thing that
16:18
Speaker 1: politicians are going to get their head around one day.
16:21
Speaker 1: I would not be surprised if we start to see
16:23
Speaker 1: a lot more politicians launching their own meme tokens coming soon.
16:28
Speaker 1: So stay around right here on PBN. You guys can
16:31
Speaker 1: get of course, the download on a lot of our videos.
16:34
Speaker 1: If you guys have not dived into our library. Get
16:37
Speaker 1: into a lot of that. Pick a token any of them,
16:40
Speaker 1: jump over to the channel, and you guys can learn
16:43
Speaker 1: pretty much anything you want around every aspect of the
16:47
Speaker 1: market out there. Get into the Diamond circle. It's absolutely free.
16:51
Speaker 1: Follow me on X at Paul Barn We'll catch you
16:54
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