Latest / The Paul Barron Crypto Show / Sentiment Eruption!💥Crypto Market Update🔥
Transcript
- 0:00Speaker 1: Sentiment is erupting and the market is starting to move.
- 0:02Speaker 1: Let's break it down today. It's going to be a
- 0:04Speaker 1: good one. Before we get started, I want to thank
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- 0:47Speaker 1: everybody is happy about this pump. Here are some Bitcoin maxis.
- 0:51Speaker 1: Take a look.
- 0:52Speaker 2: Ways i can confirm that bull season has started because
- 0:54Speaker 2: joey is not the only one making terrible decisions taking
- 0:56Speaker 2: a look at the broader crypto map here look at
- 0:59Speaker 2: all that bullshit pumping today that's crazy there is no
- 1:01Speaker 2: value in any of that crap whatsoever and that is
- 1:04Speaker 2: beyond established at this point so it definitely feels like
- 1:07Speaker 2: yeah we have some uninformed people returning to the market
- 1:09Speaker 2: xrp at nine percent get the fuck out of here
- 1:11Speaker 2: with your goddamn state point like that is just going
- 1:14Speaker 2: to tank a little bit later on as it always
- 1:16Speaker 2: does but hey i uh i unlike joey do not
- 1:18Speaker 2: own any of the strategy products and we'll get All right.
- 1:22Speaker 1: So there you have it. It's always the same. But
- 1:24Speaker 1: of course, XRP on the battlefield out there and overtaking
- 1:28Speaker 1: with one of the higher performances over the last few days.
- 1:31Speaker 1: And other things are happening that are starting to move
- 1:33Speaker 1: the market right now. The crypto fear and greed is
- 1:36Speaker 1: kind of interesting right here. Look at that, guys. That's
- 1:39Speaker 1: extreme greed coming in at 78. You juxtapose this a
- 1:44Speaker 1: little bit. And let's take a look at stocks. Fear
- 1:48Speaker 1: and greed right now setting at fear at 36. So
- 1:52Speaker 1: The rotation is severely in play, and I think many
- 1:56Speaker 1: players are starting to understand the future is starting to
- 1:59Speaker 1: look at digital assets. Let's go to a clip real quick,
- 2:01Speaker 1: because this will get into a face ripper coming from
- 2:05Speaker 1: Tom Lee. Was there a catalyst I missed? What happened?
- 2:10Speaker 3: Brian, I think last week was maximum pain, maximum pressure,
- 2:14Speaker 3: because we had a Fed hiking very hawkishly, and now
- 2:19Speaker 3: we have a maximum hawkish Fed that could walk back.
- 2:22Speaker 3: And so I think it is all the ingredients for
- 2:24Speaker 3: a face ripper. And I know our clients were de-risking.
- 2:27Speaker 3: There's been a lot of de-risking because they don't want
- 2:29Speaker 3: to be buying stocks into a rising Fed. So I
- 2:33Speaker 3: think people are off sides. I think that this is
- 2:35Speaker 3: the potential to take the S & P above 8,000
- 2:38Speaker 3: before the end of the month.
- 2:39Speaker 4: But you have AMD hitting a $ 1 trillion market cap today.
- 2:43Speaker 4: You've got Meta up 25% this month, Intel up 35%
- 2:45Speaker 4: this month. And the last time I checked, it was
- 2:47Speaker 4: up 11%.
- 2:50Speaker 1: So what what.
- 2:51Speaker 4: Gives you the confidence that there's still room to run here?
- 2:55Speaker 3: Well, I mean, these are examples of names that people
- 2:57Speaker 3: wrote off since end of June. I not only do
- 3:00Speaker 3: I think there's leadership coming from there, but as you know,
- 3:02Speaker 3: crypto moves typically lead S & P moves by about
- 3:05Speaker 3: a month. And, you know, crypto made a pretty big
- 3:07Speaker 3: move in August. And I think that's why we're seeing
- 3:09Speaker 3: equities in September.
- 3:11Speaker 1: All right. Equities in September. You look at the U.S. government.
- 3:15Speaker 1: They're up 44 billion on their investment in Intel. And remember, guys.
- 3:21Speaker 1: this is crazy. It's a 9.9% stake. This is setting
- 3:25Speaker 1: now at 8.9 billion for the 9.9%. Intel is currently
- 3:29Speaker 1: trading at 121, which is worth approximately $ 52 billion. So
- 3:36Speaker 1: this represents an unrealized gain of 44 billion or almost
- 3:40Speaker 1: 500% in 13 months. Who is trading for the government
- 3:44Speaker 1: is what I would figure out. Of course, if you
- 3:46Speaker 1: have The inside track, that's usually the case. Other things
- 3:49Speaker 1: that are happening, Meta is ripping. And of course, part
- 3:52Speaker 1: of this is driven off of Meta's new move into AI.
- 3:55Speaker 1: Muse's breakout is giving investors a clear evidence that Meta
- 3:59Speaker 1: is maybe a huge step forward. And this could be
- 4:02Speaker 1: one of the things that really starts to bridge the
- 4:05Speaker 1: gap between everyday people out there and AI. JP Morgan
- 4:09Speaker 1: says Meta Muse could become the most used consumer AI
- 4:13Speaker 1: app since chat GPT. And there you go. This could
- 4:16Speaker 1: be another one that could get one of the fastest
- 4:19Speaker 1: moves to a million users. So watch this very closely.
- 4:22Speaker 1: Meta could be on the way very soon. When you
- 4:25Speaker 1: look at AI in traditional finance and you try to
- 4:28Speaker 1: look at the comparison within digital assets, look no further
- 4:32Speaker 1: than Near heading into nosebleed territory right now. They are
- 4:36Speaker 1: now partnering with Ondo to bring tokenized U.S. stocks and
- 4:40Speaker 1: ETFs to Near. This, of course, will be another major move.
- 4:43Speaker 1: Near is one of the key competitors out there when
- 4:46Speaker 1: it comes to AI and crypto. These are the things
- 4:49Speaker 1: that people are watching. I think this is just another
- 4:51Speaker 1: move for Near, which has been in the play for
- 4:54Speaker 1: a while. Solana getting ready to flip NASDAQ. Yeah, that's
- 4:58Speaker 1: I'm saying that out loud, guys. Solana, the bell rang
- 5:01Speaker 1: four hours ago. These guys are absolutely ripping, and it
- 5:05Speaker 1: looks like it won't be long before Solana starts to
- 5:08Speaker 1: take over the trading compound. And remember, there are a
- 5:12Speaker 1: lot of new investors in this cycle. This may be
- 5:15Speaker 1: one of the most demographically challenged cycles that we have
- 5:19Speaker 1: seen ever, and it may be the one where finally D-gens,
- 5:24Speaker 1: Gen Zs, Gen Y, and even maybe to a certain
- 5:27Speaker 1: extent Millennials will start to dictate how this market goes.
- 5:30Speaker 1: So be watching Solana very closely. They could be driving
- 5:34Speaker 1: all of this going forward. Jupiter jumps out in front.
- 5:37Speaker 1: And of course, if you're not staking Jupiter right now,
- 5:40Speaker 1: you should be. Just 69 Jupe and you can go
- 5:43Speaker 1: out and trade perps, which are live on Jupiter today.
- 5:47Speaker 1: This is another thing that I'm watching very closely, and
- 5:50Speaker 1: that is how these markets are responding to these kind
- 5:52Speaker 1: of moves and strategy coming in from some of the,
- 5:55Speaker 1: I think, some of the most storied projects out there
- 5:59Speaker 1: within crypto. This is a big news story because it
- 6:02Speaker 1: really involves the two titans of industry when it comes
- 6:05Speaker 1: to Binance and Circle. And this is a $ 100 million deal,
- 6:10Speaker 1: which essentially is investing into equity under a strategic partnership.
- 6:14Speaker 1: This is going to go for five years. So think
- 6:16Speaker 1: about this right now. Binance has had a little bit
- 6:19Speaker 1: of a visibility problem in the U.S., Circle is looking
- 6:22Speaker 1: for distribution. Binance is a global distribution hub. This could
- 6:27Speaker 1: be a perfect match made in heaven. And of course,
- 6:30Speaker 1: this helps with Circle in its ability to reach the
- 6:33Speaker 1: rest of the world. And it helps Binance maybe in
- 6:36Speaker 1: being able to come into the U.S. in a new
- 6:39Speaker 1: structure going forward. If you look at where they bought,
- 6:41Speaker 1: this right here is the point. Right around $ 80. Nice
- 6:45Speaker 1: little move by Binance buying $ 100 million in in stock.
- 6:48Speaker 1: And of course, it's already up about 25%. So a
- 6:51Speaker 1: nice move there. And of course, I think this helps
- 6:53Speaker 1: both companies in a big way. Uniswap got another flyer
- 6:57Speaker 1: with this partnership with CME Group, which launches BCH now
- 7:01Speaker 1: and Uni, both futures available. And this is coming just
- 7:04Speaker 1: around the corner in October. So get ready for that one.
- 7:07Speaker 1: You know that the market is back when you start
- 7:09Speaker 1: to see this. CryptoPunks, Google, Snarks, all starting to record
- 7:14Speaker 1: trading volume as the NFT market is now reawoken. So
- 7:20Speaker 1: are you guys trading NFTs? If you are, let me know.
- 7:22Speaker 1: What's your favorite NFT? Are you a Klanosaur guy? Are
- 7:24Speaker 1: you a CryptoPunk? What are you? Down in the comments below.
- 7:28Speaker 1: Love to hear it. The other thing that I'm watching
- 7:30Speaker 1: right now is the aftermath of Clarity. And this is
- 7:33Speaker 1: something that was a little surprising. And that was some
- 7:36Speaker 1: sneaky Republicans supporting a bank-friendly stablecoin amendment hours before the
- 7:43Speaker 1: Clarity Act vote. So in reality... That 49 vote could
- 7:47Speaker 1: have been much lower than what we had. So in reality,
- 7:52Speaker 1: this was worse than what we thought it was for clarity.
- 7:56Speaker 1: So this is a big deal, I think, and it's
- 7:58Speaker 1: going to pay off right here in a bad way,
- 8:00Speaker 1: I think, for the Republicans, because you have midterms coming
- 8:03Speaker 1: up and it looks like we have blue seats starting
- 8:06Speaker 1: to populate the land. Republicans might take it on the
- 8:09Speaker 1: chin for just what's been going on with clarity, but
- 8:13Speaker 1: also within the macro environment. You look at gas prices,
- 8:16Speaker 1: the economy. This is the number one thing Americans are
- 8:19Speaker 1: looking at on voting on, and we are there. So
- 8:22Speaker 1: be ready, guys. This is going to be a very
- 8:24Speaker 1: big week. And again, be very close to where some
- 8:28Speaker 1: of these trends are heading, because the market is starting
- 8:30Speaker 1: to show signs that you can follow. Stay tuned. If
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