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Transcript

Gavin Newsom Launching Rival Meme Coin on XRP & Solana?🔥$SCUM GET READY!? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's get into it today. Gavin Newsom might be on
• 0:03
  Speaker 1: the verge of launching a major token in the crypto market.
• 0:06
  Speaker 1: All of that will break it down for you. My
• 0:07
  Speaker 1: name is Paul Barre. Welcome back into the show. I
• 0:09
  Speaker 1: want to thank our sponsor today and that is Coinbase.
• 0:11
  Speaker 1: Maybe you'll be able to buy Gavin's token over on Coinbase,
• 0:15
  Speaker 1: but of course you can do something, and that of
• 0:17
  Speaker 1: course is get your crypto journey started. And the way
• 0:20
  Speaker 1: you do it is use the link down below. It's
• 0:21
  Speaker 1: going to give you up to two hundred bucks in
• 0:24
  Speaker 1: crypto to make your first trade. And that is something
• 0:27
  Speaker 1: that I think a lot of people are starting to understand.
• 0:30
  Speaker 1: This is the next generation of wealth building digital assets.
• 0:33
  Speaker 1: The only way to go all right, check it out,
• 0:36
  Speaker 1: use the link down below. It does help the channel.
• 0:37
  Speaker 1: I want to lead off with this right here, and
• 0:40
  Speaker 1: this came over from decrypt. Gavin Newsom wants to launch
• 0:43
  Speaker 1: a meme coin just to troll Trump, and he's getting
• 0:47
  Speaker 1: to the point where he's doing a pretty good job
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  Speaker 1: at mocking President Trump, and I think he might have
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  Speaker 1: something here. We're going to break this down for you guys,
• 0:55
  Speaker 1: because if there is a way to launch one. There
• 0:58
  Speaker 1: are some angles in which he could do it, and
• 1:00
  Speaker 1: it would be a political strategy that might actually work.
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  Speaker 1: Here's Gavin Newsom with his Patriot shop which is now
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  Speaker 1: open and some of the stuff is out now selling out.
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  Speaker 1: Please enjoy America. Newsom was right about everything real Patriot Newsom,
• 1:15
  Speaker 1: twenty twenty six. Trump is not hot. There you go.
• 1:18
  Speaker 1: You guys like it, love it, don't like it. Point
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  Speaker 1: is is that maybe he is taking a page out
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  Speaker 1: of Trump's book and learning, if you can't beat him,
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  Speaker 1: let's join him and then get into the concept of
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  Speaker 1: maybe marketing into the twenty twenty six and even ended
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  Speaker 1: up launching a Bible which is sold out. So some
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  Speaker 1: of this stuff is actually working. And I think the
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  Speaker 1: question is will he actually tread into the waters of
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  Speaker 1: a meme token. I want to go to a clip
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  Speaker 1: real quick, because I think he reveals a little bit.
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  Speaker 1: Take a look, you know.
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  Speaker 2: And if you want a real prediction, I know we
• 1:53
  Speaker 2: talked about the Taylor Swift prediction. The real prediction is,
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  Speaker 2: you know, We're about to put a meme coin out
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  Speaker 2: and you know what, Trump, We'll see how well your
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  Speaker 2: coin does versus our coin. I mean, we're just trying
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  Speaker 2: trying to tune up, to turn up the heat and
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  Speaker 2: trying to tune people into the absurdity.
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  Speaker 3: Is it going to be called Gavin Coin, No, it's.
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  Speaker 2: I think Trump corruption coin, all right, So.
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  Speaker 1: I have the perfect new name for it. I think
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  Speaker 1: we called this the Scum token, and it would play
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  Speaker 1: off of the new scum phrase that Trump gave him.
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  Speaker 1: And now we can launch this the right way, and
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  Speaker 1: that could have a fair launch versus Trump against the
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  Speaker 1: scaminobviously we've seen around some of these meme coins out there.
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  Speaker 1: Could build hy versus having a confusing surprise launch, which
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  Speaker 1: is kind of how Trump went out, And it would
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  Speaker 1: be the first Democrat token, which would be another big advantage. Also,
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  Speaker 1: the token could extend to a left leaning social sphere
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  Speaker 1: versus just Twitter, so we could see it on a blue
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  Speaker 1: sky and all sorts of different places, and then hate
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  Speaker 1: fuel rally versus the Magafan rally. This would get into
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  Speaker 1: most people are very underwater on Trump. I know that
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  Speaker 1: we'll get into some of the metrics behind this, but
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  Speaker 1: also it could have a record amounts of shorting by
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  Speaker 1: MAGA traders. I mean, there's a lot of angles in
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  Speaker 1: which this could be done right, including social media memes
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  Speaker 1: get into utility at launch for assisting California trading revenue
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  Speaker 1: could be used for good. Maybe tie in, mister Beast.
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  Speaker 1: There's a lot of opportunity here. I think if Gavin
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  Speaker 1: does it, mister Newsom does it correctly and there won't
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  Speaker 1: be kind of this confusion that the Trump token had
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  Speaker 1: with the Milania token, which was kind of both ended
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  Speaker 1: up competing against each other. And then the final thing
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  Speaker 1: would be if Brad Sherman and Elizabeth Warren actually got
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  Speaker 1: behind it, Man, that would be insane. But just beware
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  Speaker 1: if you get into doing something like that, remember a
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  Speaker 1: lot of this gets sucked out of these markets very quickly.
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  Speaker 1: You could see some pretty crazy moves going in there. Also,
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  Speaker 1: I want to hit on this right here, California quality
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  Speaker 1: becoming the biggest holder of micro strategy. This is the
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  Speaker 1: California emerging as the top state pension backer of Master
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  Speaker 1: and that is kind of showcasing that maybe California was
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  Speaker 1: ahead of all of this before Trump even started moving
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  Speaker 1: in this arena. And remember, let's just don't forget we've
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  Speaker 1: done a lot of videos around this. There, of course
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  Speaker 1: is Brad Sherman there's Elizabeth Warren. It would just be
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  Speaker 1: so fitting if they actually got behind a meme token
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  Speaker 1: and became part of this whole thing that we call politics,
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  Speaker 1: which is the perfect fiasco for meme tokens. I believe,
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  Speaker 1: and remember that the Trump token actually might have been
• 4:38
  Speaker 1: better than a you know, if you think about it,
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  Speaker 1: just like a lottery. And this was fifty eight wallets
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  Speaker 1: made over ten million each from Trump's meme token, and
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  Speaker 1: that was out of seven hundred and sixty four thousand wallets.
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  Speaker 1: So maybe this is the new power ball out there
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  Speaker 1: in terms of how some of these tokens are being launched.
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  Speaker 1: And if you look at just some of the metrics
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  Speaker 1: behind this in general, one of the things is it
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  Speaker 1: was seven hundred and sixty four thousand, around two million
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  Speaker 1: crypto wallets that have held the meme coin lost money
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  Speaker 1: on Trump. Imagine the meme coin at two million wallets,
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  Speaker 1: and that was primarily I would say, the Maga crew.
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  Speaker 1: The question would be is it as big on the
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  Speaker 1: Democratic side, would that be able to challenge what's been
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  Speaker 1: happening here? And you know, I think Newsom is trying
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  Speaker 1: to do some very interesting things in terms of playing
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  Speaker 1: Trump head to head like this. But just as a reminder, guys,
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  Speaker 1: when these kinds of things drop, and it's probably going
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  Speaker 1: to happen, just remember a lot of people exit out
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  Speaker 1: of the market, especially meme tokens, flip over into these.
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  Speaker 1: Maybe that's a strategy. I'm not telling you to do that,
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  Speaker 1: but that is something that we've seen in the past.
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  Speaker 1: This was just an example of one guy doing it
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  Speaker 1: right here with pengu and getting into trump then back
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  Speaker 1: out and then back into Pengus. So it is cycling through.
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  Speaker 1: That's typically how mean coins go. But always, you know,
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  Speaker 1: play with very small amounts, you know, that's the way
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  Speaker 1: to go on any of these. But if you have
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  Speaker 1: a two percent allocation of your budget toward meme tokens
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  Speaker 1: or having fun with something just like lottery tickets, maybe
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  Speaker 1: that's the way you would take it. Here, of course,
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  Speaker 1: was the big news over the weekend, and maybe this
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  Speaker 1: is why we saw a little bit of the dumping
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  Speaker 1: and a little bit of recovery today as we're filming this.
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  Speaker 1: But right now, Eric Trump of course claiming that they
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  Speaker 1: were live on the wilfy token. This, of course is
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  Speaker 1: the World Liberty Finance token that went live and the
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  Speaker 1: launch of course, Broke, I think most of Twitter, and
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  Speaker 1: of course the big issues that we're continuing to see
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  Speaker 1: is what this could be. And a lot of people
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  Speaker 1: just simply said, hey, this is just another blatant pump
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  Speaker 1: and dump and it looks like the Trump's are right
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  Speaker 1: in the middle of this. So let me know in
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  Speaker 1: the comments if you guys think that is the case.
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  Speaker 1: Is this something that they're looking for bigger potentials? How
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  Speaker 1: does this play into it? Now, let's don't forget there
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  Speaker 1: was a lot that they have been doing to kind
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  Speaker 1: of build up to this. I want to go to
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  Speaker 1: a clip real quick that kind of showcases what people
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  Speaker 1: are looking at around the World Liberty Finance, so can
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  Speaker 1: take a look.
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  Speaker 3: The Trump family's net worth has gone up by five
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  Speaker 3: billion dollars since launching World Liberty Financial, and they own
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  Speaker 3: twenty five percent of the tokens, which, by the way,
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  Speaker 3: we're not supposed to be tradeable at all when this
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  Speaker 3: project originally launched, and now they're doing a vote to
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  Speaker 3: decide whether or not the tokens get unlocked. Even earlier.
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  Speaker 3: This is the current World Liberty Financial team.
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  Speaker 4: Four out of the eight co founders are the Trump
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  Speaker 4: family and I couldn't name anyone else on this team.
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  Speaker 4: I'm looking at this website and I could not tell
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  Speaker 4: you what world Liberty Financial does.
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  Speaker 3: Yet it's token is trading at a twenty five billion
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  Speaker 3: dollar fully diluted market cap. Make that make sense.
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  Speaker 1: A lot of people sour on it. This could be
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  Speaker 1: the one thing that takes down some of the heat
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  Speaker 1: on the Trump family in the sense that this could
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  Speaker 1: be kind of the ending swan song of it. I
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  Speaker 1: don't know if this is going to be a situation
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  Speaker 1: where we see the market really kind of do a
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  Speaker 1: reverse on what where Liberty Finance has been trying to do,
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  Speaker 1: and that is kind of entered this next generation of DeFi. Now,
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  Speaker 1: another thing to consider here which is kind of interesting
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  Speaker 1: is remember Ripple and Coinbase, Moonpay, etc. They were set
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  Speaker 1: to advise Newsome on government efficiency. Now and this is
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  Speaker 1: in California. And remember there's also a connection here between
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  Speaker 1: Chris Larsen XRP and the Democratic Party. All of this
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  Speaker 1: kind of plays into it because within this, if you
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  Speaker 1: look at this right here, this was a tweet by Eleanor,
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  Speaker 1: it kind of breaks through because you've got all of
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  Speaker 1: these companies tied into this, including this whole task force
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  Speaker 1: around tech. But all of this was built around trying
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  Speaker 1: to create some sort of connection to blockchain within what
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  Speaker 1: California is trying to do. So if they tie that
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  Speaker 1: into it, and then you look at this particular scenario
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  Speaker 1: right here, which is another XRP company that's based in California.
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  Speaker 1: This is Vivo Power Fewer Power, one of the biggest
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  Speaker 1: I think it might be the largest XRP treasury company
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  Speaker 1: out there. That is another California based company. So interesting
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  Speaker 1: things happening out there around the relationship to Ripple and
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  Speaker 1: what's going on in California. So if you're thinking about
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  Speaker 1: a meme token launch and you're looking at trying to
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  Speaker 1: troll the other side, which is what meme tokens are
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  Speaker 1: all about, then maybe the launch of a meme token
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  Speaker 1: for Gavin Newsom would be on the XRP ledger. Remember
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  Speaker 1: that is the antithesis of bitcoin, which is what Trump
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  Speaker 1: has been all about. Interesting times, guys, very interesting times.
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  Speaker 1: Other things that, of course are happening out there in
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  Speaker 1: the market over the weekend, which is why I think
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  Speaker 1: we we're starting to see some of the lows. Right here,
• 10:01
  Speaker 1: Trump controls the board. He's talking about the Federal Reserve,
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  Speaker 1: and if he can replace Cook or if Powell resigns,
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  Speaker 1: and this is all post his chairmanship, that would allow
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  Speaker 1: control over the banking regulations, the FED presidents all of that.
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  Speaker 1: The latter also controls the FOMC, which sets the rates.
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  Speaker 1: Five governors can unlock all these powers. This of course
• 10:23
  Speaker 1: gets into money printing. The whole cycle begins again, and
• 10:27
  Speaker 1: that is what we're looking at right now as we
• 10:29
  Speaker 1: start to lead into the fall. Other thing that you
• 10:31
  Speaker 1: want to look at is, let we'll call it dump
• 10:35
  Speaker 1: timber begin And that's what's happening right now. Even though
• 10:39
  Speaker 1: we've seen a little bit of resurgence on bitcoin early here,
• 10:43
  Speaker 1: do we have a hot September or a cold September
• 10:45
  Speaker 1: in terms of where some of these digital assets are going,
• 10:48
  Speaker 1: especially after where Liberty Finance just jumped in. And I
• 10:52
  Speaker 1: think the other factor that we're looking at is how
• 10:54
  Speaker 1: is the Fed going to respond on the FOMC meeting
• 10:57
  Speaker 1: mid month? How does that play out overall around where
• 11:01
  Speaker 1: digital assets are going to go. With all that being said,
• 11:04
  Speaker 1: gold of course is skyrocketing now, hitting another all time
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  Speaker 1: high at thirty five eight. And remember gold has been
• 11:10
  Speaker 1: a very intriguing asset because it's something that starts to
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  Speaker 1: correlate against the dollar, and there's some things that are happening.
• 11:18
  Speaker 1: This was put out by Mohammed Ala rein Over from
• 11:22
  Speaker 1: CNBC analysts talking about where gold is in comparison to treasuries,
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  Speaker 1: and this was something that is kind of unique when
• 11:30
  Speaker 1: you look at foreign control or i should say foreign
• 11:34
  Speaker 1: central banks that are holding more gold now than treasuries.
• 11:38
  Speaker 1: How does that play into backstopping because remember everything that
• 11:41
  Speaker 1: everybody's been kind of targeting around stable coin launches has
• 11:45
  Speaker 1: been to backstop treasuries. As stable coins start to export globally,
• 11:49
  Speaker 1: that supports the treasury market because with every stable coin
• 11:52
  Speaker 1: that's being backed by treasuries, now you've got gold starting
• 11:55
  Speaker 1: to take place. Now, going back to the chart real quick,
• 11:58
  Speaker 1: I want to show something here. The difference though if
• 12:01
  Speaker 1: you all the way back into the nineteen seventies prior
• 12:04
  Speaker 1: Breton Woods, Okay, that was seventy to seventy five percent.
• 12:08
  Speaker 1: Now we're talking about twenty five percent, which is considerably
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  Speaker 1: more now than treasury So interesting times. Could we get
• 12:17
  Speaker 1: token ises go playing into this? What does that look like?
• 12:21
  Speaker 3: Also?
• 12:21
  Speaker 1: How does this affect what could be happening to the
• 12:24
  Speaker 1: US dollar. Are we getting a d dollarization model also
• 12:28
  Speaker 1: working into this? How does this play into stable coins?
• 12:31
  Speaker 1: There is so much that we're going to be unpacking
• 12:32
  Speaker 1: here this week and more so, be on the lookout.
• 12:35
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• 12:40
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• 12:44
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• 12:47
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• 12:51
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• 12:53
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• 12:55
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• 12:58
  Speaker 1: catch you next time right here on the Paul and Show.
• 13:07
  Speaker 4: H