Latest / The Paul Barron Crypto Show / It's CLARITY Stupid!🔥Price Predictions Are Useless Right Now📉
Transcript
- 0:00Speaker 1: Clarity means everything. We're going to boil it down today.
- 0:03Speaker 1: It's clarity stupid. You'll get that in a second. Before
- 0:06Speaker 1: I get into that, I do want to thank our sponsor,
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- 0:37Speaker 1: leave a link down below. All right, let's get over
- 0:39Speaker 1: to a few things right now. I'll kind of just
- 0:42Speaker 1: top We're going to hit on clarity, and I do
- 0:44Speaker 1: want to kind of give you guys some insights as
- 0:46Speaker 1: to why this might happen. But this was interesting news
- 0:49Speaker 1: and it was really built around Robinhood doing agentic trading.
- 0:52Speaker 1: Now this is going to be rolling out. It isn't
- 0:54Speaker 1: completely live just yet, but it is something that is
- 0:57Speaker 1: rolling out, and I think we're going to see this
- 0:59Speaker 1: more quickly then you might think. Here, guys, the question
- 1:03Speaker 1: is whether or not people will use it. What I
- 1:04Speaker 1: do think people will use is Agentic spending rules, and
- 1:09Speaker 1: this is live now where you can use your robin
- 1:13Speaker 1: Hole gold card, your credit card and set all sorts
- 1:16Speaker 1: of spending rules. Possibly do things that you absolutely hate doing,
- 1:21Speaker 1: canceling subscriptions, doing stuff you don't necessarily like online where
- 1:25Speaker 1: you've got to track down the right thing, give it
- 1:27Speaker 1: the rules, and of course this will be interesting to
- 1:30Speaker 1: see how quickly this advances, and of course if it does,
- 1:33Speaker 1: then could be good for robin Hood, including the robin
- 1:36Speaker 1: Hood stock Vlad kind of hits on it right here.
- 1:38Speaker 1: Quick update on agents Trading is still rolling out. If
- 1:41Speaker 1: you see an error, it's coming soon. Agentic credit cards, though,
- 1:44Speaker 1: are live for everyone now. I'm going to test this
- 1:47Speaker 1: out and see if I like it, because I'm still
- 1:52Speaker 1: pending on whether or not this is going to be
- 1:54Speaker 1: a factor. One other thing to talk about is what
- 1:57Speaker 1: we're going to see around Ethereum Standard Charter compare Ethereum
- 2:00Speaker 1: to Amazon. During the twenty two thousand and one Dot
- 2:03Speaker 1: bomb bubble burst says ETH will catch up to internal metrics.
- 2:07Speaker 1: I just want you guys to remember, and I'll zoom
- 2:10Speaker 1: in on a few things here. This is the current piece.
- 2:12Speaker 1: Standard Charter maintained its Ether price targets a four k
- 2:16Speaker 1: by twenty twenty six and forty thousand by twenty thirty,
- 2:20Speaker 1: so ETH is going to have to double this year.
- 2:23Speaker 1: And you have to remember they also had a one
- 2:27Speaker 1: hundred thousand dollars eighth price target as well, so back
- 2:30Speaker 1: in twenty twenty one. So there's been a lot of
- 2:32Speaker 1: deviation and a lot of exploding of ideas and predictions.
- 2:38Speaker 1: But I think it all boils down to clarity. It's
- 2:41Speaker 1: the only thing that really is going to matter. It
- 2:44Speaker 1: is clarity stupid. Here, of course, the Standard Charter talking
- 2:47Speaker 1: about it furthermore, about stable coins going to a seven
- 2:51Speaker 1: hundred and fifty billion dollar market size. Okay, now think
- 2:54Speaker 1: about that for a second. I'll show you the current
- 2:57Speaker 1: market right there. You can see it three hundred and
- 2:59Speaker 1: twenty billion, so you'd have to go to seven fifty
- 3:01Speaker 1: that's over double by the end of the year. What
- 3:04Speaker 1: are these guys smoking. I just want to know. This
- 3:06Speaker 1: is stuff I just don't understand how these crazy predictions
- 3:11Speaker 1: are being put out there. Remember Kathy Wood, this was
- 3:15Speaker 1: our investment expecting Ether to soar over seven thousand percent
- 3:19Speaker 1: and hit a twenty trillion dollar market cap by twenty thirty.
- 3:22Speaker 1: I don't think anybody is really looking at those kind
- 3:24Speaker 1: of numbers right now, especially with the clarity fatigue that
- 3:29Speaker 1: we are all dealing with right now. And I do
- 3:32Speaker 1: believe this is all centered around clarity. Now, whether it
- 3:35Speaker 1: goes through and gets done or whether this gets delayed,
- 3:39Speaker 1: it's used as a political pond, all of this could
- 3:42Speaker 1: play into it, and I think it's a big one. Now.
- 3:45Speaker 1: There are many pundits out there that have changed their
- 3:49Speaker 1: position a little bit on how to play these markets.
- 3:52Speaker 1: Here is robil Pal talking about that. Take a look.
- 3:55Speaker 2: I fucked it up many many ways. You see. I
- 3:59Speaker 2: got into crypts so back in twenty thirteen and bought
- 4:02Speaker 2: bitcoin at two hundred dollars. I bought into this peak.
- 4:05Speaker 2: It then slammed down, and I was like, oh, I'm
- 4:08Speaker 2: an idiot. Over the next ten years, is probably worth
- 4:11Speaker 2: one hundred thousand dollars. Now, that worked out to me
- 4:14Speaker 2: pretty correct. But the journey is the story. I in
- 4:17Speaker 2: fact sold at two thousand dollars. Why did I sell, Well,
- 4:20Speaker 2: it was fud It went up another ten x. I
- 4:23Speaker 2: tried to pretend I didn't feel like a moron, but
- 4:25Speaker 2: I did, and I bought back in in COVID stupidly.
- 4:29Speaker 2: The market was down fifty percent in a day. And
- 4:32Speaker 2: when I did the math, so I stuck in two
- 4:33Speaker 2: hundred grand when I first did it, that was a
- 4:35Speaker 2: decent bet. It would have been worth one hundred million.
- 4:39Speaker 2: If I hadn't done anything, proof that I am a
- 4:42Speaker 2: total idiot. I totally fucked it up. It would have
- 4:44Speaker 2: been just better to buy and hold it.
- 4:48Speaker 1: All right, So you can kind of look at long
- 4:50Speaker 1: term plays and if many of you, and this is
- 4:52Speaker 1: not financial advice, but if many of you are trying
- 4:54Speaker 1: to figure out long term meaning five ten years down
- 4:57Speaker 1: the road, really kind of tie into some sort of
- 5:01Speaker 1: narrative and then just owning it for that period of time.
- 5:05Speaker 1: But it's hard to do that. And I think the
- 5:07Speaker 1: biggest thing that is really holding this market back right
- 5:11Speaker 1: now is been clarity. Look at this chart right here.
- 5:15Speaker 1: This is clarity over the last year in terms of
- 5:17Speaker 1: the probability the polymarket chart. If you guys are listening
- 5:20Speaker 1: on the podcast. Clarity Act signed into law on twenty
- 5:24Speaker 1: twenty six, probability it is pretty much done, nothing but
- 5:27Speaker 1: sideways chop right there. You can see it all the
- 5:30Speaker 1: way and we're holding right now at fifty six percent chance,
- 5:34Speaker 1: which is down considerably from where it was just a
- 5:37Speaker 1: couple of weeks ago. So again this gets back into
- 5:40Speaker 1: the whole issue that it is clarity I think that
- 5:43Speaker 1: holds these markets back. If you look at where bitcoin is,
- 5:46Speaker 1: whether or not we see a pullback in the traditional
- 5:48Speaker 1: markets is still up for grabs, but I think this
- 5:51Speaker 1: has to go through for us to see risk assets
- 5:54Speaker 1: starting to move forward. All right. So to compare the
- 5:57Speaker 1: need for clarity and why this aligns quickly, just look
- 6:00Speaker 1: at history. This is the Telecommunications Act of nineteen ninety six,
- 6:04Speaker 1: very similar in terms of innovation on our industries to
- 6:09Speaker 1: what's happening here in clarity. And what they did was
- 6:13Speaker 1: they released this act along with right after it a
- 6:18Speaker 1: tax act that happened, and that was the Internet tax
- 6:20Speaker 1: freedom that also occurred. When you look at that, and
- 6:23Speaker 1: this was nineteen ninety eight, so right after it we
- 6:26Speaker 1: get what is equivalent to a clarity. Then of course
- 6:29Speaker 1: a tax Act. One other similarity is what happened in
- 6:33Speaker 1: twenty thirteen. This of course was Finsen's regulation on virtual currencies.
- 6:38Speaker 1: Immediately after that, we had another tax regulatory alignment and
- 6:42Speaker 1: what this was, what it took was with virtual currency
- 6:45Speaker 1: and made these assets property. So at that timing, that's
- 6:50Speaker 1: essentially what Ronald Paul was talking about, and that was
- 6:53Speaker 1: the explosion of bitcoin. One other thing to kind of
- 6:56Speaker 1: compare to is if you kind of look at what
- 6:59Speaker 1: happened in the EA with Mika. We did a video
- 7:01Speaker 1: on this almost three years ago. This was in reference
- 7:04Speaker 1: the EU Crypto Bill passing. Remember, Robin Hood moved a
- 7:07Speaker 1: lot of their structure of what they were trying to
- 7:10Speaker 1: do is growing inside the EU. And if you look
- 7:13Speaker 1: at the timing on this, it's kind of interesting because
- 7:15Speaker 1: this is the timeline that Mika started to occur regulatory alignment,
- 7:20Speaker 1: and of course, right there is bitcoin bottoming out right
- 7:23Speaker 1: there into January of twenty three, right there is April
- 7:27Speaker 1: of twenty three starts to climb, and then of course,
- 7:30Speaker 1: as you guys know, that's when we see bitcoin going
- 7:34Speaker 1: straight up to its all time high. So is that
- 7:36Speaker 1: kind of the issue right now? Clarity is required. This
- 7:40Speaker 1: is what happens. After you get clarity, then you get
- 7:44Speaker 1: tax reform that comes in on it, which remember we
- 7:47Speaker 1: are going to see a tax bill come in immediately,
- 7:50Speaker 1: I believe after clarity has passed. When that occurs, now
- 7:54Speaker 1: you've got the framework fully in place for a market
- 7:57Speaker 1: recovery that is where we think it's coming. So it's
- 8:00Speaker 1: clarity stupid. Yes, you guys get the pun. Hopefully now
- 8:04Speaker 1: we're gonna cover this in a lot more because things
- 8:06Speaker 1: are getting hot. If you like this video, like and subscribe,
- 8:16Speaker 1: drop a comment down below, and also join our free
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