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Historic Crypto Crash Over?🔥Don't Panic!📉 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Is this historic crash over.
• 0:01
  Speaker 2: We're going to break it down for you guys, give
• 0:03
  Speaker 2: you a recap of what happened over the weekend and
• 0:05
  Speaker 2: what to look to welcome back into the show. All right,
• 0:07
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• 0:09
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• 0:13
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• 0:16
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• 0:19
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• 0:22
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• 0:25
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• 0:29
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• 0:32
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• 0:35
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• 0:38
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• 0:41
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• 0:45
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• 0:48
  Speaker 2: down below. And that's my point right here on this
• 0:51
  Speaker 2: lease or on this tweet right here, which is you
• 0:53
  Speaker 2: don't get wealthly by gambling and borrowed money. You get
• 0:55
  Speaker 2: rich by stacking assets. And that's the key here whether
• 0:58
  Speaker 2: you're getting into digital assets even businesses.
• 1:01
  Speaker 1: That's the key hole through the.
• 1:03
  Speaker 2: Noise leverage is that is basically the killer here unfortunately,
• 1:07
  Speaker 2: and I think this is the problem that people a
• 1:09
  Speaker 2: lot of people are going to roll into in real estate.
• 1:12
  Speaker 2: Is the one I'm looking at right now that could
• 1:14
  Speaker 2: potentially take a big hit in twenty twenty six. I
• 1:17
  Speaker 2: won't get into that today, but I'll give you guys
• 1:19
  Speaker 2: some insight on that why it could be looming as
• 1:22
  Speaker 2: a problem.
• 1:23
  Speaker 1: Polymarket is October Ober.
• 1:26
  Speaker 2: And I think a lot of people are questioning at
• 1:28
  Speaker 2: right now, are we going to see more highs throughout
• 1:31
  Speaker 2: this next month to two months going into the fall.
• 1:36
  Speaker 1: And I think this is the question.
• 1:37
  Speaker 2: That when you look at where the market came from
• 1:40
  Speaker 2: just over the weekend, even though it was the largest
• 1:42
  Speaker 2: that we had seen in history, biggest crypto liquidation COVID
• 1:48
  Speaker 2: crash one point two billion ftx one point six today
• 1:52
  Speaker 2: nineteen billion, and there's a lot of people that say
• 1:54
  Speaker 2: this could actually be bigger than even that. So this
• 1:59
  Speaker 2: is something that will get very interesting, especially from a
• 2:02
  Speaker 2: lot of the situations that occurred over the weekend and
• 2:06
  Speaker 2: on Friday, and of course some of the things if
• 2:08
  Speaker 2: you look at this top ten crypto liquidations of all
• 2:11
  Speaker 2: time there it is the US tariff on China.
• 2:15
  Speaker 1: That's I think that was the.
• 2:16
  Speaker 2: Cover for this that started to create a cascade event.
• 2:20
  Speaker 2: Versus if you look at the AML crackdowns, Tasla's stance reversal,
• 2:25
  Speaker 2: the overheated rally collection, this is our connection. This was
• 2:28
  Speaker 2: back in twenty twenty one, so a pretty big event
• 2:32
  Speaker 2: guys in terms of crypto in general. Hopefully you are
• 2:34
  Speaker 2: in a position though where you guys are holdlers. Let
• 2:38
  Speaker 2: me jump to this tweet right here. There was a
• 2:40
  Speaker 2: lot here that in terms of trying to break this down.
• 2:43
  Speaker 2: Finance reminded everybody who really runs the market a couple
• 2:46
  Speaker 2: of points I want to hit on finance. Buttons stop working.
• 2:49
  Speaker 2: We had stop orders that froze, limit orders got hung.
• 2:52
  Speaker 2: Not only that, you had arbitrage bots also that were
• 2:55
  Speaker 2: amplifying where selling more price was still held. That was
• 2:58
  Speaker 2: the issue that I think really caused the absolute mayhem
• 3:04
  Speaker 2: in the market. And if you look at this chart,
• 3:06
  Speaker 2: this is the atom chart Cosmos, this went to zero.
• 3:10
  Speaker 2: This is impossible for this to occur unless there were
• 3:14
  Speaker 2: nefarious actions going on in these exchanges that's the concern
• 3:17
  Speaker 2: that I think a lot of people are now waking
• 3:19
  Speaker 2: up to. Don't forget this chart, guys, and these are
• 3:21
  Speaker 2: the kind of things that really you have to be
• 3:24
  Speaker 2: cautious with in any kind of leverage trading. I think
• 3:28
  Speaker 2: most of you guys understand that if you're watching our channel.
• 3:31
  Speaker 2: Now here's the CEO of crypto dot com, which I
• 3:34
  Speaker 2: thought was interesting that he put this statement out. Regulators
• 3:36
  Speaker 2: should look into the exchanges ahead the most liquidations in
• 3:39
  Speaker 2: the twenty four hours and then conduct a thorough review.
• 3:42
  Speaker 2: Granted some of these were DeFi hyper Liquid was on
• 3:46
  Speaker 2: the list, but hyper Liquid was working somewhat flawlessly. It
• 3:50
  Speaker 2: was just in the situation of what was happening in
• 3:52
  Speaker 2: the moment. And then you look at bybet Binance, this
• 3:55
  Speaker 2: looks to me a little bit more targeted at competitors,
• 3:59
  Speaker 2: So keep that in mind. This is the kind of
• 4:02
  Speaker 2: stuff that happens in these kind of unbelievable red Days
• 4:07
  Speaker 2: insider training. Minutes before Trump's China tariff announcement, we had
• 4:10
  Speaker 2: a whale opened up one hundred million dollars short on
• 4:12
  Speaker 2: Bitcoin four point thirty. The whale opens up one hundred
• 4:15
  Speaker 2: million dollars short four fifty to Trump announces the tariff
• 4:18
  Speaker 2: on China. This stinks so badly, and then of course
• 4:23
  Speaker 2: nineteen point three billion in liquidations hit the market. In
• 4:26
  Speaker 2: the whales profit you guessed it, one hundred and ninety
• 4:28
  Speaker 2: two million, So who is that crypto whale is the
• 4:31
  Speaker 2: real question. There's a lot of speculation going all over
• 4:34
  Speaker 2: the place, and if you just look at what's been
• 4:36
  Speaker 2: happening in DC and continuing to really take a look
• 4:40
  Speaker 2: at the market, But even with all of that happening,
• 4:44
  Speaker 2: this was what really surprised me is that even fear
• 4:47
  Speaker 2: and greed right now holding it around a forty. And
• 4:50
  Speaker 2: remember we slipped to under twenty back in April of
• 4:55
  Speaker 2: this year. So has the market looked at this as
• 4:59
  Speaker 2: more of a manipulation event more so than a tariff event.
• 5:03
  Speaker 2: I know that might be the cover that has been
• 5:05
  Speaker 2: playing on this. And of course within that you had
• 5:08
  Speaker 2: Bitcoin extending there gain another five percent after this drop,
• 5:12
  Speaker 2: so it's reclaiming one hundred and fifteen k Eth is
• 5:15
  Speaker 2: also up eleven percent of the day, four percent away
• 5:18
  Speaker 2: from pre liquidation levels. This was October tenth, So our
• 5:22
  Speaker 2: things back is the real question. As we start to
• 5:25
  Speaker 2: take a look into.
• 5:26
  Speaker 1: The rest of October.
• 5:27
  Speaker 2: There are a lot of things happening around this one
• 5:30
  Speaker 2: thing that was kind of the alignment here that I
• 5:34
  Speaker 2: think is intriguing because it does set up maybe a
• 5:37
  Speaker 2: next leg for this. And this was my tweet, the
• 5:40
  Speaker 2: most suspicious seventy two hours in the trade war and
• 5:44
  Speaker 2: crypto history if you look at just the layout here,
• 5:47
  Speaker 2: because this is getting into a lot of negotiation between
• 5:49
  Speaker 2: the US and China around rare earth materials and let's
• 5:54
  Speaker 2: not forget what crypto gets in in terms of how
• 5:57
  Speaker 2: all this. But Trump of course threatened the hundred tariffs.
• 6:00
  Speaker 2: This was on Friday.
• 6:01
  Speaker 1: This was by November first, everybody was.
• 6:04
  Speaker 2: Kind of throwing shots across the bow, and then Sunday,
• 6:07
  Speaker 2: somehow all of this gets settled over a weekend. So
• 6:11
  Speaker 2: a crisis gets settled over a weekend. That's my question
• 6:14
  Speaker 2: is is there an opportunity for another, you know, grace
• 6:18
  Speaker 2: one event to occur that could be driven into what's
• 6:23
  Speaker 2: going on between the US and China. That's the real
• 6:25
  Speaker 2: question that I think is next up here. And just
• 6:28
  Speaker 2: as a reminder, this is kind of the playbook that
• 6:31
  Speaker 2: kobeec has looked at it, and I would agree that
• 6:35
  Speaker 2: most of these in terms of tariff developments, has all
• 6:38
  Speaker 2: played out. Trump puts out a cryptic post. He announces
• 6:42
  Speaker 2: these big, crazy tariffs. That's what happened on Friday, after
• 6:45
  Speaker 2: the market closes, Yes, Trump doubles down. Saturday, the target
• 6:50
  Speaker 2: tariff typically responds on comments that's China. On Sunday, before
• 6:55
  Speaker 2: the future is open, Trump posts an announcement, Hey, working
• 6:58
  Speaker 2: on that's again, this is all all architected. And then
• 7:02
  Speaker 2: of course, right into number eight who speaks, Well, that's
• 7:05
  Speaker 2: Secretary Bessant, which is exactly what he did. He spoke
• 7:08
  Speaker 2: today and appeared on live TV reasserting investors. Over the
• 7:13
  Speaker 2: next two to four, various members on Trump's administration will
• 7:17
  Speaker 2: tease trade deals. So you're going to see that happening
• 7:19
  Speaker 2: between now and that next meeting with g and then
• 7:22
  Speaker 2: he'll announce a new trade deal. Stock will go to
• 7:24
  Speaker 2: the crazy crypto will go nuts, and then here we
• 7:27
  Speaker 2: go again. Step one repeats, So I'm in agreement. This
• 7:31
  Speaker 2: is the playbook of how liquidation's wealth and manipulation is
• 7:39
  Speaker 2: architected in the And of course this happens all the time, guys.
• 7:43
  Speaker 2: But the stuff that doesn't happen is when all of
• 7:45
  Speaker 2: these exchanges start breaking. That's the problem that really occurred overall.
• 7:50
  Speaker 2: I'm going to go to a clip real quick, because
• 7:52
  Speaker 2: this was what President Trump was doing while the Marcus
• 7:55
  Speaker 2: were crashing.
• 7:55
  Speaker 1: Take a look.
• 7:56
  Speaker 3: Thank you everybody, Thank you, Your taxes are coming down.
• 8:02
  Speaker 1: See everyone's happy, honey.
• 8:04
  Speaker 3: Then a good job run through the night Holts.
• 8:08
  Speaker 2: All right, So that happened over the weekend. And remember
• 8:10
  Speaker 2: all the markets were crashing, mostly crypto markets and positioning,
• 8:14
  Speaker 2: and I think that in essence was probably Trump not
• 8:17
  Speaker 2: even worrying about this. So intriguing times, guys. Now here's
• 8:22
  Speaker 2: the play from Scott Bessen who went on to talk
• 8:26
  Speaker 2: about this.
• 8:26
  Speaker 1: Take a look at this one.
• 8:28
  Speaker 3: They also go on to say, through China's military civil
• 8:31
  Speaker 3: fusion strategy, the PERC increases the size of its military
• 8:35
  Speaker 3: industrial complex by compelling civilian Chinese companies and research institutions
• 8:40
  Speaker 3: to support its military and intelligence activity. Some of those
• 8:44
  Speaker 3: companies that do that trade on our exchanges. You have
• 8:47
  Speaker 3: a huge lever to pull right here, to take off
• 8:50
  Speaker 3: those Chinese companies from our exchanges and not give them
• 8:54
  Speaker 3: the ability to sell their shares to perhaps in some
• 8:58
  Speaker 3: cases unwitting investors. Will you pull that economic lever.
• 9:02
  Speaker 4: Maria, I can tell you everything's on the everything's on
• 9:07
  Speaker 4: the table. I am optimistic that this can be de escalated,
• 9:11
  Speaker 4: but we're willing to do whatever it takes and to
• 9:16
  Speaker 4: adopt whatever posture it takes.
• 9:20
  Speaker 2: All right, So key statement there from Bessant was everything's
• 9:25
  Speaker 2: on the table, but we don't think it's going to
• 9:27
  Speaker 2: go that far. And I think this is one of
• 9:29
  Speaker 2: those things kind of reassuring the market because this is
• 9:31
  Speaker 2: a factor going forward, so much so that when you
• 9:35
  Speaker 2: consider where China is today versus where the US is
• 9:39
  Speaker 2: in terms of negotiation, this goes into whether or not
• 9:42
  Speaker 2: we have the leverage.
• 9:43
  Speaker 1: Take a look at this clip.
• 9:45
  Speaker 5: Just to you, you're arguing you think that the US
• 9:48
  Speaker 5: is lost leverage here. I mean, Joe, you were just
• 9:50
  Speaker 5: making a comment I think before you think America has
• 9:52
  Speaker 5: the leverage here.
• 9:53
  Speaker 6: I do.
• 9:55
  Speaker 7: Well. I think I'm not saying America doesn't have leverage,
• 9:59
  Speaker 7: but I think beij Jing thinks, right or wrong, that
• 10:02
  Speaker 7: it has the strong hand right now.
• 10:05
  Speaker 1: Well.
• 10:05
  Speaker 7: Number one, the export data today shows that China is
• 10:09
  Speaker 7: exporting to other markets and is becoming less dependent on
• 10:13
  Speaker 7: the US market. Second, I don't think they think that
• 10:16
  Speaker 7: Trump is going to go through with these threats, particularly
• 10:19
  Speaker 7: the tariff thread of one hundred percent on November one.
• 10:22
  Speaker 7: He's done this before. He's backed off, not because of
• 10:26
  Speaker 7: China but because of domestic pressure. And let's be honest,
• 10:30
  Speaker 7: food prices and other prices now are going up, putting
• 10:34
  Speaker 7: the President in a more vulnerable position when it comes
• 10:38
  Speaker 7: to raising tariffs.
• 10:39
  Speaker 2: All right, So some of the things that she pointed
• 10:41
  Speaker 2: out is kind of the position that Beijing thinks they
• 10:44
  Speaker 2: are in, which is a position of strength. If you
• 10:47
  Speaker 2: do look at the data for September, trade exports are
• 10:52
  Speaker 2: up eight point three percent year over year. That's a
• 10:55
  Speaker 2: versus a six point six what was thought to be
• 10:57
  Speaker 2: the case, import seven point four percent year over year,
• 11:01
  Speaker 2: and then the trade surplus reached ninety billion. So there
• 11:04
  Speaker 2: are some signals here that could kind of point in
• 11:08
  Speaker 2: that direction. The commodity importans kind of tell the same story.
• 11:11
  Speaker 2: But I think the broader implication is how long can
• 11:15
  Speaker 2: China withstand a major impact from the US and whether
• 11:19
  Speaker 2: or not the US can withstand that from being able
• 11:22
  Speaker 2: to implement that onto China. But two points that we
• 11:26
  Speaker 2: were kind of getting at earlier is that Trump is
• 11:28
  Speaker 2: in a position where he kind of just reassesses a
• 11:31
  Speaker 2: lot of this and he's been using tariffs as is
• 11:34
  Speaker 2: number one targeting and negotiation ploy. The question is whether
• 11:38
  Speaker 2: or not Beijing and Ji think that this will work
• 11:42
  Speaker 2: going into it. So you've got the meeting that is
• 11:44
  Speaker 2: confirmed right now between Trump and Jijiping. This is set
• 11:47
  Speaker 2: for coming up in Korea. They were canceling this last week.
• 11:51
  Speaker 2: Remember that there wasn't enough there to get it done.
• 11:54
  Speaker 2: Trump was again probably playing a negotiation ploy. They've reassessed
• 11:59
  Speaker 2: and after a crazy market over the weekend, have repositioned
• 12:02
  Speaker 2: for this. And China, of course behind all that, you've
• 12:06
  Speaker 2: got Chinese the Renaissance Bank now reportedly in talks to
• 12:09
  Speaker 2: Ray six hundred million for a funding investment in B
• 12:12
  Speaker 2: and B. So boy, crazy stuff ahead for all of this.
• 12:18
  Speaker 1: This is another just so we know who he is.
• 12:21
  Speaker 2: This of course, is the co founder and chief customer
• 12:23
  Speaker 2: service officer over at Binance.
• 12:26
  Speaker 1: Look at this statement right here.
• 12:27
  Speaker 2: If you've incurred losses attributable to Binance, like some of
• 12:31
  Speaker 2: the issues that we just mentioned earlier, please contact our
• 12:33
  Speaker 2: customer service to register your case. We're going to review
• 12:36
  Speaker 2: your account activity individually and then analyze the situation and
• 12:40
  Speaker 2: then provide compensation accordingly. Now I've seen apologies come out,
• 12:46
  Speaker 2: I've seen all sorts of situations with these exchanges. This
• 12:50
  Speaker 2: one I think was so heinous that them going to
• 12:53
  Speaker 2: this next step. Maybe they'll do this with a handful
• 12:56
  Speaker 2: of accounts to try to reposition the market and get
• 13:00
  Speaker 2: think in good graces with traders, because this is an
• 13:02
  Speaker 2: issue right now that finance is facing overall. Now with
• 13:06
  Speaker 2: all that being said, now you have Axios reporting that
• 13:09
  Speaker 2: JP Morgan announces another one point five trillion US investment initiative,
• 13:15
  Speaker 2: and some of the things they are hitting on is
• 13:17
  Speaker 2: to go into these major sectors. This will be everything
• 13:19
  Speaker 2: from AI tech likelihood of course, direct equity and venture investments.
• 13:25
  Speaker 2: Possibly we'll see stuff moving into blockchain and crypto. Now
• 13:29
  Speaker 2: that Jamie Diamond is all in on this, this will
• 13:32
  Speaker 2: be a big step in the next direction. Tom Lee,
• 13:35
  Speaker 2: who is the number one investor out there on Wall
• 13:37
  Speaker 2: Street right now, and there is a reason that he's
• 13:40
  Speaker 2: saying by the dip. The biggest reason of course is
• 13:43
  Speaker 2: Tom Lee is the chairman on one of the biggest
• 13:46
  Speaker 2: ETH treasuries, if not the biggest ETH treasury out there.
• 13:49
  Speaker 2: Bitminor and of course behind the dip kind of selling
• 13:52
  Speaker 2: his book. However, he has been right in most cases,
• 13:57
  Speaker 2: especially on his Bitcoin calls and on his Ethereum calls.
• 14:00
  Speaker 2: Up to now, Ethereum has not played out the way
• 14:03
  Speaker 2: that I think they wanted to just yet. The real
• 14:05
  Speaker 2: question is can it do it going forward? Here was
• 14:08
  Speaker 2: him talking about how this crash is a gift.
• 14:12
  Speaker 5: Take a look we were looking at Friday. Was the
• 14:14
  Speaker 5: possibility at least that some of that selling, or maybe
• 14:17
  Speaker 5: even a lot of that selling came from margin calls
• 14:20
  Speaker 5: at that time?
• 14:22
  Speaker 8: Andrew, there has always been a lot of leverage in crypto.
• 14:26
  Speaker 8: I think that the volatility and leverage is what has
• 14:29
  Speaker 8: drawn people into that space, especially when you get outside
• 14:33
  Speaker 8: of Bitcoin and ethereum. Those two are generally not held
• 14:38
  Speaker 8: on margin. I mean, there is some leverage with what
• 14:40
  Speaker 8: they call perpetuals, but that's why they held up so
• 14:42
  Speaker 8: well over the weekend. But this liquidation that was triggered
• 14:48
  Speaker 8: over the last three days, the estimates are at least
• 14:52
  Speaker 8: nineteen billion of liquidations, but it's probably understated. It might
• 14:55
  Speaker 8: be four times bigger. It's the largest since twenty twenty one. Essentially,
• 15:01
  Speaker 8: you have to go back to FTX. JP Morgan's announcement
• 15:04
  Speaker 8: today really ties into why investors should stay pretty constructive
• 15:10
  Speaker 8: on the US. I mean, JP Morgan, the biggest and
• 15:13
  Speaker 8: one of the and the most powerful bank in the world,
• 15:16
  Speaker 8: is investing a trillion and a half dollars into the US,
• 15:19
  Speaker 8: and of course now we have this big tailwind as
• 15:23
  Speaker 8: blockchain is an initiative that Wall Street is building products on.
• 15:26
  Speaker 8: So I think there's a lot of reasons for investors
• 15:29
  Speaker 8: to stay optimistic. I think the selloff Friday is giving
• 15:33
  Speaker 8: us a bit of a gift, all.
• 15:35
  Speaker 2: Right, there, you heard it, a bit of a gift
• 15:38
  Speaker 2: continued bullish nature toward what we're seeing from Wall Street.
• 15:42
  Speaker 2: And this gets back into the thesis that I've had
• 15:45
  Speaker 2: for a while, and that is some of the core
• 15:47
  Speaker 2: assets when you think about the top ten handful in
• 15:50
  Speaker 2: terms of blockchain assets, digital assets that continue to be
• 15:53
  Speaker 2: the cornerstones of where this market is moving.
• 15:56
  Speaker 1: Now.
• 15:56
  Speaker 2: Granted, there's going to be some all coin winners, and
• 15:59
  Speaker 2: there's going to be some coin winners, yes, the problem
• 16:02
  Speaker 2: is is there may not be as many in comparison
• 16:05
  Speaker 2: to what we've seen in the previous cycles. So that
• 16:08
  Speaker 2: I think is the question of how to invest this out.
• 16:11
  Speaker 2: How do you play this market for the next few months?
• 16:14
  Speaker 2: And I think right now the blue chips are the winners.
• 16:16
  Speaker 2: If you take a look at Tom Lee, he's even
• 16:18
  Speaker 2: going into the discussion of why gold is pumping and
• 16:22
  Speaker 2: how it has an effect on crypto.
• 16:24
  Speaker 9: Take a look, everything's about crypto. You found a reason
• 16:27
  Speaker 9: gold's up, and it's because of crypto. Not directly because
• 16:30
  Speaker 9: of crypto, but you think the incremental buyer and gold
• 16:33
  Speaker 9: are there's gold based stable coins and people need to
• 16:36
  Speaker 9: buy gold to back the stable coins, and that you
• 16:40
  Speaker 9: think that's enough to be up ninety two dollars all
• 16:44
  Speaker 9: the way up to a new high.
• 16:46
  Speaker 8: Well, there is an interesting correlation we found, which is
• 16:50
  Speaker 8: when I look at Tether's supply of dollars outstanding, it
• 16:54
  Speaker 8: really started to rise about three months ago, and that
• 16:59
  Speaker 8: corresponded with gold essentially going up every day. I'm not
• 17:05
  Speaker 8: positive this, but I think stable coins, including Tether, maybe
• 17:09
  Speaker 8: one of the largest birecycle today.
• 17:14
  Speaker 6: That's perfect. So the people that have been bullish on
• 17:18
  Speaker 6: gold for so long and barish on crypto and bitcoin,
• 17:23
  Speaker 6: they're finally getting their big rally in gold, and it's
• 17:25
  Speaker 6: because of the thing they hate so much crypto.
• 17:28
  Speaker 4: Yeah, that's right.
• 17:30
  Speaker 8: Teather is proving to be a good meeting ground between
• 17:33
  Speaker 8: bitcoiners and gold people.
• 17:35
  Speaker 2: Imagine if Tether had not purchased all that gold and
• 17:39
  Speaker 2: instead just flipped over to bitcoin or treasuries. You know,
• 17:43
  Speaker 2: those are the kind of factors that Lee is getting at.
• 17:46
  Speaker 2: And the other thing that you have to consider is
• 17:49
  Speaker 2: whether or not his play on ethereum is the best play. Well,
• 17:53
  Speaker 2: he thinks it is. In fact, another eight hundred and
• 17:55
  Speaker 2: thirty eight million more into ethereum and this is all
• 17:59
  Speaker 2: happening during the kus, So the stash is now setting
• 18:03
  Speaker 2: at twelve billion, buying the dip and continuing to play out.
• 18:07
  Speaker 2: This may be if Tom Lee is right, this could
• 18:10
  Speaker 2: be one of the biggest plays we've seen a Wall
• 18:11
  Speaker 2: Street for quite some time. And of course you got
• 18:14
  Speaker 2: to look at at the history of it, and you
• 18:15
  Speaker 2: also have to look at the history of some of
• 18:17
  Speaker 2: the other big players of Wall Street. And this of
• 18:19
  Speaker 2: course is Black Rock CEO Larry Finks saying there's a
• 18:22
  Speaker 2: role for crypto the same way there is a role
• 18:25
  Speaker 2: for gold.
• 18:26
  Speaker 1: This is not a bad asset.
• 18:28
  Speaker 2: This was a statement that he put out on the
• 18:30
  Speaker 2: sixty minute interview over the weekend. This tells me that
• 18:34
  Speaker 2: they are prepping traditional assets or I should say traditional
• 18:38
  Speaker 2: digital assets, to be a category that major investors will
• 18:43
  Speaker 2: start to go in. This of course gives the green light,
• 18:45
  Speaker 2: I think for a lot of these family offices and instructured.
• 18:47
  Speaker 1: Capital in general to move to the next level.
• 18:50
  Speaker 2: And if you consider silver, because it's hit all time
• 18:53
  Speaker 2: high again over fifty one dollars right now, if you
• 18:57
  Speaker 2: consider this being a longer term play, then it would
• 19:01
  Speaker 2: make sense that the central banks are moving into it. However,
• 19:03
  Speaker 2: I still believe gold is probably going to be the
• 19:05
  Speaker 2: route in terms of central banks continuing to add to
• 19:08
  Speaker 2: their balance sheets. I think silver is just a backup
• 19:11
  Speaker 2: right now. However, there are a lot of people in
• 19:14
  Speaker 2: the silver business that think this is just a beginning
• 19:17
  Speaker 2: for where the silver market is going, and we've done
• 19:18
  Speaker 2: a couple of videos on this. We've had Andy Sheckman
• 19:20
  Speaker 2: on from his team talking about silver and where it
• 19:24
  Speaker 2: could go. Well before the move started on silver, because
• 19:27
  Speaker 2: there was a short squeeze primarily based on supply and delivery.
• 19:31
  Speaker 2: That is an issue that I think we'll start to
• 19:33
  Speaker 2: see maybe with gold, and it could push gold continue
• 19:36
  Speaker 2: up even though there are a lot of people looking
• 19:38
  Speaker 2: at gold as being a liquidation event going into bitcoins.
• 19:42
  Speaker 1: So this market is going.
• 19:44
  Speaker 2: Crazy in a lot of different ways. The real question
• 19:47
  Speaker 2: is how does it hold up over the next few months.
• 19:50
  Speaker 2: One thing I do want to hit on this right here,
• 19:52
  Speaker 2: when you look ahead, there's some key things happening for
• 19:54
  Speaker 2: crypto holders. The thirteenth OPEK is going to report their release.
• 19:59
  Speaker 2: Their report will be released. You also have Jeral Powell
• 20:02
  Speaker 2: speaking this week October fourteenth, the fifteenth of New York
• 20:06
  Speaker 2: FED is going to give some manufacturing data that'll be released.
• 20:09
  Speaker 2: But other than that, you just have to look at
• 20:11
  Speaker 2: it this way right here, do not fomo too much.
• 20:14
  Speaker 2: Pay attention to the macro events. I agree with that
• 20:17
  Speaker 2: last statement right there. Pay attention to the macro events
• 20:20
  Speaker 2: because it will have even though it doesn't have a
• 20:22
  Speaker 2: direct effect, it has these carry on effects that create
• 20:26
  Speaker 2: these cycle manipulation models that start to occur in a
• 20:31
  Speaker 2: lot of different areas of crypto, and in most of
• 20:33
  Speaker 2: the time it happens during these massive leverage areas. So
• 20:38
  Speaker 2: I think this is the factor. I know a lot
• 20:39
  Speaker 2: of you guys get into leverage. While I don't necessarily
• 20:42
  Speaker 2: agree with that I understand it's a strategy on all investing.
• 20:45
  Speaker 2: It's been that way for Wall Street forever. I don't
• 20:47
  Speaker 2: anticipate that it's going to be any different in crypto.
• 20:50
  Speaker 2: But what I do ask you to do is just
• 20:52
  Speaker 2: be a little bit more cautious in how you're playing
• 20:54
  Speaker 2: this out. If you look at this statement and the poll,
• 20:58
  Speaker 2: after the crypto's biggest liquidation event in history, where are
• 21:01
  Speaker 2: we going to go from here? Some people say retesting
• 21:04
  Speaker 2: the lows then up. Many people say no, We're on
• 21:07
  Speaker 2: a v shape recovery from here. Fifty six percent of
• 21:11
  Speaker 2: you are very bullish, and some of you saying that
• 21:14
  Speaker 2: the market is over. I do not think that is
• 21:17
  Speaker 2: the case. It is possible we could see another major
• 21:20
  Speaker 2: event that causes a downward trend. The question is will
• 21:23
  Speaker 2: that happen before the end of the year, and will
• 21:25
  Speaker 2: it flush out even another group of crypto holders.
• 21:29
  Speaker 1: Going to the next level.
• 21:30
  Speaker 2: If you look at the markets right now, Bitcoin holding
• 21:33
  Speaker 2: on this is on the daily after a massive green
• 21:35
  Speaker 2: candle coming up on Sunday from one ten all the
• 21:39
  Speaker 2: way back up to one fourteen, holding right around one
• 21:42
  Speaker 2: fourteen to one fifteen. Let's take a look at eth
• 21:44
  Speaker 2: also had a major green candle and continuing its climb
• 21:47
  Speaker 2: right now above forty two hundred as we're filming this.
• 21:51
  Speaker 2: XRP had a major move also three days in a row,
• 21:55
  Speaker 2: now holding back at two sixty one, even though there
• 21:58
  Speaker 2: was a massive liquid on XRP all the way back
• 22:02
  Speaker 2: down to around one thirty, holding in there.
• 22:05
  Speaker 1: So one thing to take a look at also is
• 22:08
  Speaker 1: where Sue is.
• 22:09
  Speaker 2: We of course, has had a nice little move after
• 22:11
  Speaker 2: again hitting that low and retesting some of those two
• 22:15
  Speaker 2: dollars marks that we haven't seen in a very long time.
• 22:18
  Speaker 2: Avalanche was another one that popped down to seventeen dollars
• 22:22
  Speaker 2: on coinbase. So it's interesting as we continue to see
• 22:26
  Speaker 2: these majors. Let me know what you guys are betting
• 22:28
  Speaker 2: on right now? Did you buy a dip? Are you
• 22:32
  Speaker 2: in crypto?
• 22:32
  Speaker 1: Still?
• 22:33
  Speaker 2: Drop some comments down below? I'd love to get that right.
• 22:36
  Speaker 2: Make sure you guys are in the diamond circle. That's
• 22:38
  Speaker 2: where we communicate with you. I put out a letter
• 22:40
  Speaker 2: each week kind of recapping some of this, getting into
• 22:43
  Speaker 2: the details of where we get to get ready to
• 22:45
  Speaker 2: roll into these markets. I put an email on Friday
• 22:48
  Speaker 2: after the market's hit what I was looking at to
• 22:51
  Speaker 2: try to do over the weekend. So hopefully some of
• 22:53
  Speaker 2: you got that and made a little bit on some
• 22:55
  Speaker 2: of your trades. Non investment advice, but that is where
• 22:58
  Speaker 2: I do it. In the Diamond Circle email it's called
• 23:01
  Speaker 2: the Baron Market Edge, so check that out and of
• 23:03
  Speaker 2: course follow me out there on X at Paul Baron.
• 23:05
  Speaker 2: We'll catch you next time right here on the Paul
• 23:07
  Speaker 2: Baron Show.