Latest / The Paul Barron Crypto Show / Ethereum to $5,000!!🚀New Bitwise ETF Price Prediction️🔥

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Ethereum to $5,000!!🚀New Bitwise ETF Price Prediction️🔥 · The Paul Barron Crypto Show

• 0:06
  Ethereum getting ready to do something maybe we have not seen before, and that
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  of course is not only price projection, but also some of the things that
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  I think are going to impact this ecosystem long term. You guys, I
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  want to miss it. My name is Paul Barre. Welcome back in the
• 0:18
  tech path. Before we get started, I want to play a video from
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  our sponsors. Let's get started. You can actually use our code and it
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  first order. Get out there and do it now and get started. All
• 1:10
  right, let's get into ethereum. There's a lot happening right now. This
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  was a post here from Matt Hogan over on bit wise, and he hits
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  on a couple of points here. One of course, is his prediction ETPN
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  flows will push prices to all time highs above five thousand and four Ethereum.
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  I want to go to a clip because this will break down some of the
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  things of his strategies and some of the things he thinks are going to happen.
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  Take a look. I think some people are worried because Ethereum futures ETFs
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  sort of sputtered out of the gate. Bitcoin futures et aps, which launched
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  a few years ago, did well. A theory of future ETFs did relatively
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  poorly, but they really launched into the teeth of a bear market, and
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  I think the buyer of a future ZTF is different than a buyer of an
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  ethereum METF. My view is pretty simple, which is, everywhere you look,
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  if investors have a choice to buy bitcoin in theory, they end up
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  buying both. In Europe they're bitcoin and ethereum ETFs, the market's about seventy
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  five twenty five. In Canada they're bitcoin and ethereum ETFs. The market's about
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  seventy five and twenty five. On centralized and decentralized exchanges, you can buy
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  bitcoin and you can buy ethereum, and the market's about seventy five and twenty
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  five. Everywhere you look, this is the ratio that people see now.
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  They could the first few days could be weird because you have etheed, this
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  gray scale product which outflows, and the first few days of the bitcoin ETFs
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  were weird. We don't remember this, but bitcoin's price went from fifty to
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  forty. If everyone assumed bitcoin ETFs are a dud, they're not going anywhere,
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  and then guess what they were the most successful of all time and the
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  price ripped to a new all time high. All right, So there were
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  a few things within what Matt was talking about in terms of the bitcoin ETF
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  success, and he is right. I mean, it was the teeth of
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  the bear market. I think this, of course, timing wise, is
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  really lining up for ethereum as being a almost pivotal time because we are in
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  the precursor to a run up. You're getting a chance to see really maybe
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  a political landscape change, and you've got the financial architecture that's being backed by
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  companies like Blackrock and many others that understand that token is securities and assets are
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  really going to change the future, and ethereum is part of that. I
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  want to go to another clip here he talks about supply and demand and price
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  and whether or not that's going to make a difference on the ETTF. Take
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  a look, the short term price is dictated by supply and demand, and
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  in this case there is no net new supply. Absolutely, I think the
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  same amount of inflows will have a larger impact on price on a market cap
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  proportion basis for ethereum that it did with bitcoin, because you don't have you
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  know, bitcoin minors have to sell their bitcoin, they have direct costs.
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  There is no net new supply of eth. So I absolutely think it will
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  have a significant impact on price. Look at the trade volume right now,
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  almost half of what we're seeing on bitcoin. So which gets me into my
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  prediction, which is this is going to be a lot bigger than almost everyone
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  out there has been anticipating. There's a couple of clips, though, I
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  want to get into one that goes into it. This was Vance Spencer actually
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  talking about this one. Remember this is one of the guys that was anticipating
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  that we would see ANYTHTF when everybody else was saying no way, including a
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  lot of major Wall Street analysts. Let's go to that clip because I think
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  this will get you in the frame of what he's talking about. Take a
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  look. We've done a couple of times, like two three hundred million dollar
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  buys of various cryptos, and what's really obvious to you is that the books
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  are actually very thin, like ninety nine percent of the volume that's transacting whatever,
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  like the twenty thirty forty billion dollars a day of volume. It's just
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  market makers trading against each other. If you have twenty five to fifty billion
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  of inflows, which is what you know today's annualization would be of the inflows.
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  If you have something for Eth, it's going to be similar. There's
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  just not enough coins to go around. I don't think it's unreasonable. The
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  Bitcoin goes to a million, at some point, Eth goes to one hundred
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  k. You just don't really witness the burst of an assad class very all
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  often. And as I said, these books are extremely thin, Like if
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  you do try to buy one hundred million dollars a crypto, you're gonna move
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  to price five or ten percent, And there's just not that many coins.
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  Anthony, I want fans to keep talking, keep talking. And if you
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  look at Eth right now, volume is at about eighteen billions, so we're
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  talking about almost twice that of the volumes already existing. And that is just
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  on the first year. And he even mentioned this in the video There is
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  the birth of an asset class. Another clip here by Matt Hogan was talking
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  about the idea of rebalancing these portfolios, and this gets into portfolios and the
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  assignment of how eth and Bitcoin may play out. Take a look. If
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  you add ether to the portfolio and you rebalance periodically like once a year or
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  once a quarter to rewait those assets, historically, you get higher returns,
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  similar volatility, so higher risk adjuster returns, and a lower maximum draw down,
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  which is the measure of like the most your portfolio is worth to the
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  least it's worth at the bottom of a trough. And it's an important statistic
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  because you feel that in your gut right when your portfolio falls twenty five percent.
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  So obviously, if you do a short term look, you can find
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  times where it's better to be bitcoin only or it's times to better be be
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  eth only, because their periods were Bitcoin outperforms in period where ethoutperforms, and
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  if you know those in advance, god bless you. But if you if
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  you want to look over a full portfolio cycle, the data shows, yeah,
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  you want to you want to smash them together. So I think that's
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  what's going to happen is we're going to see a lot more asset managers do
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  this kind of strategy in terms of balancing both assets within these portfolios. The
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  question will be the mix and to what percentage a portfolio is going to invest
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  in some of these secured assets in terms of the ETFs themselves, so that
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  in itself, and then you align this with things that are going to be
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  happening from a marketing standpoint. Here's Eric I'll s soon as he's talking about
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  twenty one shares Right now, they're talking about a FEEFO point two one.
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  Can you imagine Let me zoom in on that for you guys. Can you
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  imagine if we get a no fees, no fees for the first six months.
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  That's the kind of marketing campaigns. I think that we'll start to dictate
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  the moves in the market, and that could be huge for both ETFs,
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  whether it's a bitcoin ETF, but I think more importantly probably the eth ETF
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  is going to benefit from this in a big way. The other thing I
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  want to get into is if you remove the ETF itself and you just think
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  about ETH by itself, because so many people may or may not watching our
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  show even go into an ETF as a whole. I'm going to go to
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  another clip here with Matt Hogan. He kind of explains this and what the
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  benefit would be. Take a look even if you remove the ETF from the
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  equation. There are two huge tailwinds in ETH right now which I think people
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  aren't thinking about. One is that we've removed a great deal of regulatory confusion
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  around ETH. And as an expression of that, you can see that Black
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  Rock built a fund on Ethereum which holds millions of dollars hundreds of millions of
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  dollars in assets, and I think so removing the regulatory cloud, I think
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  is a massive tailwind. And then you have the whole reason I was optimistic
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  on ETH, which is the Dencune upgrade, which has solved the scalability problem.
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  And I think that problem was what killed the last bull market, even
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  before FTX sort of drove a dagger in fees on East spiking to two hundred
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  dollars and through point being totally jammed killed that market. I don't think we've
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  harvested the dividends of the Dencune upgrade at all, and I think that we
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  will that upgrade and regulatory clarity in an ETF, then yeah, I think
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  we get to new all time highs easily. On new all time highs,
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  I think the real question is where is the trajectory of these bell curves in
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  these adoption cycles. If you look at Maker capturing nearly forty percent of all
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  DeFi profits. This is on Ethereum. This came in from Van Spencer as
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  well, and this is a good example of how eth is going to be
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  an absolute bar burner in terms of revenue opportunity, especially as we get into
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  ken I securities. All this plays into the future of the asset class itself,
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  really redefining the financial instruments being used by Wall Street, big companies,
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  banks, institutions, and then what we're going to see in a lot of
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  innovation as well. So a lot happening here. I think there is only
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  going to take ether into really a place many people didn't think it could go.
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  I have another clip here from Matt Hogan. This is going into short
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  term sentiment versus long term sentiment. So it's just another analysis on what he
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  thinks Ethereum is going to do. Take a look what's happening in crypto is
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  all the long term news is really good, the most constructive long term outlook
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  I've ever seen, and all the short term news has been negative. It's
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  Mount Gox, it's the German government selling, it's Silk Road selling, it's
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  uncertainty around the election, and markets hate uncertainty, and so that the short
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  term negatives are suppressing the long term positives. But the difference between them is
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  the short term negatives are one off, non recurring events, and the long
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  term positives are recurring, ongoing things. And that's just a beautiful thing for
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  long term investors, all right. I love the statement there, beautiful thing
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  because that is exactly the case, and that is runway of how tech companies
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  in many cases look at their opportunity for recurring revenue. And that's exactly what
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  we're talking about with ethereum. Whether it's staking real world assets, tokenization of
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  securities, all those kind of things are upside for what's going to happen,
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  I think in the ecosystem here, of course, speaking of the political landscape,
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  is Donald Trump's wallet and he's holding around ten million right there, and
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  as you can kind of see, if being the number one asset in his
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  wallet, probably got number two base B and B Avalanche, Arbitram mounta.
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  Even though he's speaking at the bitcoin conferences, seeing like he is holding mostly
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  in the side of ethereum. And remember he's been in many different NFT projects.
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  He's done a handful of, you know, different kinds of fundraising,
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  and I think this is something that he's starting to open up to. There
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  was an article here that broke this down. This was in an a just
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  here recently. He says this is in reference to the NFTs and he did
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  it three times. I'm going to do another one, another collection because the
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  people people want me to do another one. It's it's an unbelievable spirit beautiful
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  all right. I would say almost all of it was paid in crypto,
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  in this new currency, and it opened my eyes. So this gets into
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  someone who's never been in crypto before, never really understood the blockchain, that
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  is starting to get a full understanding of what this really means for the future.
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  So also just a good example here of how politicians, sometimes if educated,
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  can really kind of go to the next level. Moving on to another
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  article here from coindesk Honk is preparing stable coin legislation as public consultation ends,
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  and you think about what we're dealing with here in the United States, pressure
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  from the SEC, continued lack of education in Congress to be able to get
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  laws and regulations move forward, a administration that continues to push back very hard
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  those are all negatives for what we're facing here in the US. But around
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  the world this is not the case, and what we're seeing in Hong Kong
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  right now is moving continuously to support the eth ecosystem. They're planning to present
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  a bill on fiat reference stable coins to the Legislative Council later this year.
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  So it's pretty much all countries taking a look at blockchains, seeing the innovation
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  and saying I'm not going to get left behind like I was before when Silicon
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  Valley pretty much ruled the land. So I think this is just another good
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  example of why the United States needs to get things moving very quickly. I
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  want to jump over to another clip. This is Hester Pierce. She's going
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  to do something I think that gets us into a different framework with the SEC
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  might be doing in the future. Take a look. I think certainly something
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  like staking is or any feature of the product that we saw that on the
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  Bitcoin Exchange traded products too, right, there were features of the product that
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  some people would have liked to see included but weren't, And those are always
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  open for reconsideration as far as I'm concerned. All right, as far as
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  you're concerned, always open for reconsideration she mentioned staking there. If that is
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  in fact the case, you would see an absolute explosion in ethereum. I
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  think if we start to see regulatory bodies lay off the idea of where DeFi
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  is going, this opens up the I think the opportunity from institutional capital,
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  banking, major companies, innovation, all the things I mentioned earlier, that
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  really kind of takes to the next level, which could be kind of what
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  to Matt Hogan and Vance even said, and that is the birth of a
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  next generation asset class. That's happening right now in front of us. All
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