Latest / The Paul Barron Crypto Show / Wall of Worry📉Crypto Uncertainty Market Update🔥

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Wall of Worry📉Crypto Uncertainty Market Update🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today we'll be breaking into the wall of worry. As
• 0:02
  Speaker 1: Tom Lee says, you guys don't want to miss it.
• 0:05
  Speaker 1: Let's get right into it. I want to open up
• 0:06
  Speaker 1: with the clip where Tom Lee is going into his
• 0:10
  Speaker 1: anticipation toward the year end. Take a look.
• 0:13
  Speaker 2: I guess sentiment is not positive as that you mentioned
• 0:16
  Speaker 2: the wall of worry. Average sentiment this year is still
• 0:18
  Speaker 2: minus eleven point five like net soadly bearish. That's only
• 0:22
  Speaker 2: happened three other times in thirty five years, all in
• 0:25
  Speaker 2: the middle of bear market. So investors feel like it's
• 0:28
  Speaker 2: a bear market. But we're up seventeen percent, which kind
• 0:31
  Speaker 2: of tells me. I think there's a big performance chase
• 0:33
  Speaker 2: into your end. You know, over eighty percent of fund
• 0:35
  Speaker 2: managers are missing their benchmark this year. Wow, because we've
• 0:38
  Speaker 2: got the shutdown, we've got China, we got the Fed speak.
• 0:42
  Speaker 2: But the market's been up six months in a row now,
• 0:45
  Speaker 2: only six times since nineteen twenty eight that's happened. If
• 0:49
  Speaker 2: you look at November, we're up five or six times,
• 0:51
  Speaker 2: and in nineteen forty two it was flat. So basically
• 0:54
  Speaker 2: November should be really strong. I think at least two
• 0:57
  Speaker 2: hundred points in the SMP for November. Yeah, maybe even
• 0:59
  Speaker 2: two hundred and fifty, so maybe we get to seventy one.
• 1:02
  Speaker 2: See that's a call that I just wish you wouldn't
• 1:04
  Speaker 2: make a call like that, right.
• 1:07
  Speaker 1: Yeha love Tom's he's absolutely a perma bear. But he
• 1:11
  Speaker 1: does make some interesting points here. Fund managers down eight
• 1:14
  Speaker 1: percent of fund of managers down right now, so they're
• 1:16
  Speaker 1: going to have to perform. He also hits on the
• 1:19
  Speaker 1: fact that he's acquiring more ethereum, so he is doubling
• 1:22
  Speaker 1: down as he continues to boost his eighth holdings over
• 1:25
  Speaker 1: on Bittmind, what does he know what I mean? Because
• 1:28
  Speaker 1: he's looking at the narrative. I get the narrative in
• 1:30
  Speaker 1: the sense that investors feel like it's a bear market,
• 1:33
  Speaker 1: but yet at the same time where at all time
• 1:36
  Speaker 1: highs on the S and P and bitcoin is holding
• 1:39
  Speaker 1: right now at least as we speak, around one oh seven.
• 1:43
  Speaker 1: Whether or not it can hold that one hundred k
• 1:45
  Speaker 1: is the big question. Other things, of course that we're breaking,
• 1:48
  Speaker 1: of course, is micro Strategy came in and purchased another
• 1:50
  Speaker 1: three undred ninety seven bitcoin. This is between the twenty
• 1:53
  Speaker 1: seventh and over Vember second yesterday, So an average about
• 1:56
  Speaker 1: one hundred and fourteen K a little bit high for
• 1:59
  Speaker 1: that forty five million, and also not a big buy
• 2:02
  Speaker 1: for MicroStrategy, so they seem to be timing their purchasing
• 2:07
  Speaker 1: down as well as Tom Lee timing his purchasing down.
• 2:11
  Speaker 1: If you look at the amount of eight as it
• 2:12
  Speaker 1: starts to come down, now, is he waiting for a
• 2:16
  Speaker 1: big market correction on ethereum? Could we see this push
• 2:19
  Speaker 1: into around twenty six twenty seven hundred, and then that
• 2:24
  Speaker 1: would be when Bittman is looking for this bounce coming
• 2:27
  Speaker 1: into an all time high four ethereum. Additionally, the Nasdaq
• 2:29
  Speaker 1: one hundred and also the Russell two thousand have seen
• 2:32
  Speaker 1: an average right now of gains of around two and
• 2:34
  Speaker 1: a half and two point six. This is during this period,
• 2:37
  Speaker 1: so if you look at November, it does show through
• 2:40
  Speaker 1: that this could happen, and could the S and P
• 2:42
  Speaker 1: five hundred C seven thousand this month If you look
• 2:44
  Speaker 1: at history, this does flow into his thesis around how
• 2:49
  Speaker 1: the market should perform. I want to go to one
• 2:51
  Speaker 1: more clip by him because this is where he gets
• 2:53
  Speaker 1: into his prediction on ethereum by year end. Take a look.
• 2:57
  Speaker 2: I want you to quit while you're ahead, but I
• 2:59
  Speaker 2: have to ask you about I.
• 3:00
  Speaker 1: Mean, you want to go out on a limb there
• 3:02
  Speaker 1: go below one hundred or no.
• 3:04
  Speaker 2: I mean if I look at everything since October tenth,
• 3:07
  Speaker 2: because that was the biggest liquidation in the history of crypto,
• 3:10
  Speaker 2: like bigger than ft margin, almost a miniature rupture like tsunami.
• 3:15
  Speaker 2: We're only a couple of weeks from that, so I
• 3:17
  Speaker 2: think the market is consolidating. But if I look at fundamentals,
• 3:20
  Speaker 2: like let's lay ethereum, stable coin volumes have been exploding,
• 3:24
  Speaker 2: application revenues at all time high, so right now fundamentals
• 3:28
  Speaker 2: are leading price in crypto. So I think eventually we
• 3:30
  Speaker 2: consolidate and then we rally into your end there fifty Yeah,
• 3:34
  Speaker 2: I think we could still get to one fifty two
• 3:36
  Speaker 2: hundred for bitcoin and then something like seven thousand for eparing.
• 3:40
  Speaker 1: Definitely still very bullish four year in. I just want
• 3:43
  Speaker 1: you guys to think about this. We are less than
• 3:44
  Speaker 1: sixty days, and you remember you have two major holidays
• 3:49
  Speaker 1: during that sixty days to be able to attack the markets. Granted, yes,
• 3:52
  Speaker 1: crypto moves twenty four to seven, doesn't sleep, I get it.
• 3:55
  Speaker 1: I don't know that we hit a seven k if
• 3:57
  Speaker 1: we do if we hit a seven K, Tom Lee
• 4:01
  Speaker 1: will be one of the greatest investors that has ever
• 4:03
  Speaker 1: performed on Wall Street because if you look at poly
• 4:06
  Speaker 1: market right now, that chance of an all time high,
• 4:08
  Speaker 1: just an all time high by December thirty first, which
• 4:10
  Speaker 1: I am somewhat bullish on, of going to an all
• 4:13
  Speaker 1: time high on ethereum bitcoin, maybe it gets back to
• 4:17
  Speaker 1: its one twenty six. According to some of the cycle
• 4:20
  Speaker 1: analysts that are out there, we are way past the
• 4:23
  Speaker 1: high on where the market could be going. So could
• 4:26
  Speaker 1: be a big, big, interesting fall as we start to
• 4:30
  Speaker 1: go toward holiday season. Let's not forget though, that Tom
• 4:34
  Speaker 1: Lee right now is the leader of the pack when
• 4:36
  Speaker 1: it comes to analysts, and this is comparing Michael Saylor,
• 4:40
  Speaker 1: Kathy Wood, and he's greater in the sense of searches
• 4:45
  Speaker 1: than all of them put together. So the reality is
• 4:48
  Speaker 1: people are listening to Tom Lee right now. And if
• 4:51
  Speaker 1: you get people listening, including fund managers and a lot
• 4:54
  Speaker 1: of the markets, including fomo markets, yes, you could lead
• 4:58
  Speaker 1: that through just by absolutely doing exactly what Tom Lee
• 5:02
  Speaker 1: is doing, and that is forcing it, willing it into
• 5:05
  Speaker 1: reality going forward. Now, we put out this video right
• 5:09
  Speaker 1: here last Friday and it's the bull market catalyst. Don't
• 5:13
  Speaker 1: miss these catalysts. There was a line of about a
• 5:15
  Speaker 1: dozen catalysts that needed to happen for possibly a market correction.
• 5:20
  Speaker 1: Go back and watch the video, but there are some
• 5:22
  Speaker 1: of them that are starting to click through and actually
• 5:25
  Speaker 1: maybe showing up. One of them though that's not is
• 5:28
  Speaker 1: the fact that we have gone into potentially a bigcoin season. Again,
• 5:32
  Speaker 1: that's how low sentiment is right now. When you look
• 5:36
  Speaker 1: at the current all coin season index holding it a
• 5:39
  Speaker 1: twenty seven, so we are out of all coin season
• 5:42
  Speaker 1: and according to some analysts, all coin season may not
• 5:45
  Speaker 1: even happen. That's the kind of scenario that this plays into. Now,
• 5:49
  Speaker 1: does it push into twenty twenty six? Like what Paul
• 5:52
  Speaker 1: from Data Dash is kind of thinking an elongated cycle.
• 5:56
  Speaker 1: These cycles are very interesting at this point because they
• 6:00
  Speaker 1: do go back all the way into the nineteen forties,
• 6:02
  Speaker 1: and that's what many of these scientists have been looking at.
• 6:06
  Speaker 1: If you look at these cycles, crypto fear and greed
• 6:09
  Speaker 1: another cycle, this of course starting to show up. And
• 6:12
  Speaker 1: remember look at these big yellow zones and then these
• 6:16
  Speaker 1: massive red markets. This is March of twenty twenty five
• 6:19
  Speaker 1: right there. Here's our pump into May. Here's a nice
• 6:23
  Speaker 1: little move in July, and then of course here we've
• 6:26
  Speaker 1: had this kind of so are we due for a
• 6:29
  Speaker 1: major green candle as we start to bust in to
• 6:33
  Speaker 1: the fall? You can kind of see it right here.
• 6:36
  Speaker 1: This is really the last time we started to see
• 6:38
  Speaker 1: a little bit of consistency back in October around one thirteen,
• 6:42
  Speaker 1: one fourteen. So let me know in the comments if
• 6:45
  Speaker 1: you think bitcoin is going to hit its all time
• 6:47
  Speaker 1: high in twenty twenty five or do you think this
• 6:50
  Speaker 1: roll is over? And if it does, we've just shattered
• 6:53
  Speaker 1: the four year cycle. If we get another high outside
• 6:56
  Speaker 1: of the fourth quarter. Other things that play into this
• 6:59
  Speaker 1: is around where we're going to see moves on the market,
• 7:04
  Speaker 1: and typically in the past we've seen the China ban,
• 7:07
  Speaker 1: we saw a five x increase right here around COVID,
• 7:11
  Speaker 1: all of these dips in the market, these are the
• 7:13
  Speaker 1: kind of opportunities that these represent. Now are we at
• 7:16
  Speaker 1: that state right now? I don't think we're in the dip,
• 7:20
  Speaker 1: but we definitely are on a downtrend in the market.
• 7:22
  Speaker 1: Does it mean it is the end of the bull cycle?
• 7:26
  Speaker 1: Is the real question that everybody is asking, because a
• 7:28
  Speaker 1: lot of people have been holding bags for a long
• 7:31
  Speaker 1: time and they don't want to get caught in a
• 7:34
  Speaker 1: twenty twenty one. That's the one thing that I'm a
• 7:36
  Speaker 1: little bit concerned with is a twenty twenty one repeat
• 7:40
  Speaker 1: where a lot of people miss that top and assume
• 7:42
  Speaker 1: we're going to see a one hundred k bitcoin at
• 7:44
  Speaker 1: that time, and this time it would be an all
• 7:47
  Speaker 1: time high bitcoin at we're on one twenty six one.
• 7:50
  Speaker 1: Other catalyst that we hit on right here was the
• 7:52
  Speaker 1: government shutdown. This I think would be a major catalyst.
• 7:55
  Speaker 1: It does not look good right now, so there's no
• 7:59
  Speaker 1: real open site at least. We kind of had a
• 8:02
  Speaker 1: little bit of hope from Tom Emmer last week where
• 8:04
  Speaker 1: he thought Tuesday would be the day. It's just not
• 8:06
  Speaker 1: going to happen, guys, and I think this is going
• 8:08
  Speaker 1: to be a pending issue all the way into the holiday.
• 8:12
  Speaker 1: If this goes back into lead late into December, that
• 8:15
  Speaker 1: is a major problem because most of these guys won't
• 8:17
  Speaker 1: even be there for these votes. I want to go
• 8:20
  Speaker 1: to another clip because this was Trump on sixty minutes
• 8:23
  Speaker 1: talking about fixing healthcare. Take a look.
• 8:25
  Speaker 3: Three quarters of these people will see their healthcare premiums
• 8:29
  Speaker 3: double even here in Florida has the highest number of
• 8:32
  Speaker 3: residents on Obamacare in the country.
• 8:34
  Speaker 4: And I'm saying we can fix it. If they're going
• 8:36
  Speaker 4: to get a very big increase this year, well.
• 8:39
  Speaker 3: They're going to get an inscrease if they don't, if
• 8:41
  Speaker 3: you don't extend the subsidies.
• 8:43
  Speaker 4: No, No, What I'm saying is we can make it
• 8:45
  Speaker 4: much less expensive for people and give them much better healthcare.
• 8:49
  Speaker 4: Where is that work with the Democrats? We can make
• 8:53
  Speaker 4: it good.
• 8:54
  Speaker 3: I don't want to get into back.
• 8:55
  Speaker 4: Here's all I have to do. Open up the country,
• 8:58
  Speaker 4: Open up the country. It sounds like this is going
• 9:01
  Speaker 4: to causey but the people don't want that.
• 9:04
  Speaker 2: I hear it.
• 9:05
  Speaker 4: So we are a record setting country right now.
• 9:07
  Speaker 3: It sounds like this is not going to get solved.
• 9:09
  Speaker 4: It's going to get sofia. Oh, it's going to get sold.
• 9:11
  Speaker 4: How we'll get it shot?
• 9:12
  Speaker 1: All right? So Trump is talking about and you know,
• 9:14
  Speaker 1: Mike Johnson mentioned this last week. We have played a
• 9:16
  Speaker 1: clip on this, and that is that the Republicans apparently
• 9:20
  Speaker 1: have a plan in lock ready to go into into
• 9:24
  Speaker 1: position for health care. If that is the case, and
• 9:26
  Speaker 1: if Trump has kind of doubled down on this. They
• 9:29
  Speaker 1: need to turn around on this, but again it all
• 9:31
  Speaker 1: depends on the Democrats to get the country back open.
• 9:34
  Speaker 1: If they come to the table and we do get
• 9:36
  Speaker 1: it happening, then it will all be on eyes on
• 9:40
  Speaker 1: Republicans to get this healthcare in a position where it
• 9:42
  Speaker 1: does do exactly what Trump just said, and that is
• 9:44
  Speaker 1: reducing costs. That would be another major catalyst. Trump's administration
• 9:49
  Speaker 1: has to continue the food aid during the shutdown. This
• 9:52
  Speaker 1: of course is coming from the US judges. So the
• 9:54
  Speaker 1: likelihood kind of limping along for snap benefits not getting
• 9:59
  Speaker 1: acts during these periods of time, So I think that
• 10:01
  Speaker 1: is at least somewhat of a positive nature. We also
• 10:04
  Speaker 1: mentioned that other things. If you look at a FED
• 10:06
  Speaker 1: decision in December, this is the other thing that has
• 10:10
  Speaker 1: been an issue that we've talked about before after the
• 10:13
  Speaker 1: FOMC meeting where Chairpal was a bit hawkish, And of
• 10:16
  Speaker 1: course now we're still holding at about a sixty seven percent.
• 10:20
  Speaker 1: Let me going to zoom in on that for you.
• 10:21
  Speaker 1: About a sixty seven percent on a quarter basis points
• 10:25
  Speaker 1: in December, but rising right now is the no change
• 10:29
  Speaker 1: and it's holding that position at around thirty one percent,
• 10:32
  Speaker 1: So that will be a factor going forward. Now, there's
• 10:35
  Speaker 1: many people out there that don't like the idea of
• 10:38
  Speaker 1: a rate cut after two consecutive rate cuts, so a
• 10:41
  Speaker 1: pause might be in order to try to extend this
• 10:44
  Speaker 1: bull run. Many people think that the S ANDP is
• 10:47
  Speaker 1: still tied to that a rate cut simply means the
• 10:50
  Speaker 1: market might be in trouble. Do they see something coming?
• 10:53
  Speaker 1: Our job numbers coming even worse in terms of a factor,
• 10:57
  Speaker 1: because remember the FED is without data right now, I'm
• 11:00
  Speaker 1: trying to make these decisions. Kobec came into this and
• 11:04
  Speaker 1: talking about what we're seeing in money market funds. Investors
• 11:08
  Speaker 1: have poured four and a half trillion into cash funds.
• 11:11
  Speaker 1: You can kind of see this flowing right there.
• 11:13
  Speaker 3: This is the.
• 11:14
  Speaker 1: Escalation that I think Tom Lee is talking about, is
• 11:17
  Speaker 1: that people are setting on the sidelines, but yet at
• 11:20
  Speaker 1: the same time we're seeing institutions push the S and
• 11:24
  Speaker 1: P to all time high. So if we get any
• 11:26
  Speaker 1: kind of window here and continued rate cuts, then the
• 11:31
  Speaker 1: likelihood of that cash coming off the sidelines into risk
• 11:33
  Speaker 1: and also into traditional assets is huge going forward. Other
• 11:37
  Speaker 1: ways that you might be able to make a little
• 11:39
  Speaker 1: bit in terms of how you're playing this market. IRS
• 11:43
  Speaker 1: Capital announced that they were doing their Coinbase program, which
• 11:46
  Speaker 1: is introducing coinbased US Bitcoin Yield fund and this is
• 11:50
  Speaker 1: in an IRA, So pretty big deal for expanding yields
• 11:54
  Speaker 1: on coinbase, or excuse me, pretty big deal on expanding
• 11:58
  Speaker 1: yields on bitcoin. It's kind of the kind of a
• 12:02
  Speaker 1: game change because this is a first of its kind
• 12:04
  Speaker 1: integration expanding to institutional grade crypto for retirement investors. So
• 12:09
  Speaker 1: again this goes inside a retirement agount. If you haven't
• 12:12
  Speaker 1: started a retirement account yet and using something like an
• 12:15
  Speaker 1: I trust, make sure and use the link down below.
• 12:17
  Speaker 1: It will get you into I Trust Capital. We always
• 12:20
  Speaker 1: leave that there so you guys can also get a
• 12:23
  Speaker 1: funding reward, so check it out. Now. Other things that
• 12:26
  Speaker 1: are happening in the market is Buffet. Buffett has been
• 12:30
  Speaker 1: doing this for a while. This is the twelfth consecutive
• 12:33
  Speaker 1: quarter that he has been selling. Now he has been
• 12:36
  Speaker 1: selling into a rising S and P number, So there
• 12:40
  Speaker 1: many analysts would say he's left a lot of money
• 12:42
  Speaker 1: on the table. But if you don't look at the
• 12:44
  Speaker 1: S and P five hundred in the lens of the
• 12:47
  Speaker 1: mag seven, many of these stocks are down, especially the
• 12:51
  Speaker 1: look of the Russell two thousand. But if you look
• 12:53
  Speaker 1: at the max seven then he yeh, he's left a
• 12:55
  Speaker 1: lot of money on the table, but he's moving into
• 12:58
  Speaker 1: his twelfth consecutive quarter. Could we be at a position
• 13:01
  Speaker 1: now where Berkshire Hathway finally isn't a position to where
• 13:03
  Speaker 1: they're gonna buy and that means possibly the end of
• 13:07
  Speaker 1: this market or at least a possible dump into the
• 13:10
  Speaker 1: market where opens up and opening for Berkshire Hathaway. Other
• 13:15
  Speaker 1: things you got to look at right here, as the
• 13:16
  Speaker 1: Federal Reserve just pumped almost thirty billion into US banking
• 13:20
  Speaker 1: system and this came through the overnight repos. This amount
• 13:24
  Speaker 1: so far surpasses even the peak of the dot com bubble.
• 13:27
  Speaker 1: So what is happening in the banks that would require
• 13:31
  Speaker 1: thirty billion into the system on the repos? This is
• 13:35
  Speaker 1: concerning because does it mean that we could see a
• 13:38
  Speaker 1: liquidity event coming at the banks that maybe is looming
• 13:43
  Speaker 1: and that could happen also with a possible retracement of
• 13:46
  Speaker 1: the S and P five hundred. So all of these
• 13:48
  Speaker 1: things factoring into where I think we've seen the sideways
• 13:51
  Speaker 1: action on the market, especially in risk assets. Other things
• 13:54
  Speaker 1: that are being decided right now as you have Trump's
• 13:57
  Speaker 1: legal woes and this of course coming into the Supreme
• 14:00
  Speaker 1: Court trying to decide if his presidential powers over trade
• 14:05
  Speaker 1: are going to continue. And this happens on Wednesday, So
• 14:09
  Speaker 1: this would be another factor, another catalyst. If we actually
• 14:12
  Speaker 1: get an award either way, it might end up working
• 14:16
  Speaker 1: both to our benefits. Here's another thing that is a
• 14:19
  Speaker 1: little alarming, could be a bear market indicator. This of
• 14:24
  Speaker 1: course is talking about stolen fronts funds from the balancer exploit.
• 14:27
  Speaker 1: Now if search one hundred and sixteen million, one thing
• 14:30
  Speaker 1: that could be brewing is a small contagion. As we
• 14:33
  Speaker 1: start to see chains being halted, you also see a
• 14:36
  Speaker 1: DPEG right here of stream DeFi. This is another stable
• 14:40
  Speaker 1: coin out there xusd. Those are in some cases that
• 14:45
  Speaker 1: probably would make any kind of issue in terms of
• 14:48
  Speaker 1: the market, but right now just not a good sign
• 14:52
  Speaker 1: going forward. Right now as we look to where we're
• 14:55
  Speaker 1: going now, good signs that we could see is the
• 14:57
  Speaker 1: fact that Ripple has made a move and they launched
• 15:00
  Speaker 1: a digital asset spot Prime brokerage for the US. They're
• 15:03
  Speaker 1: going head to head now. I think in the case
• 15:05
  Speaker 1: of coinbase, maybe open up some liquidity and also some
• 15:09
  Speaker 1: potential asset opportunities for Ripple Prime as we start to
• 15:13
  Speaker 1: see a lot of announcements coming out a swell which
• 15:17
  Speaker 1: opens up tomorrow on November fourth in New York. They'll
• 15:20
  Speaker 1: be doing two days, which is the fourth and the fifth,
• 15:23
  Speaker 1: and it is a who's who of the banking industry,
• 15:26
  Speaker 1: including Blackrock, Franklin, Templeton, City Bank, you name it, and
• 15:30
  Speaker 1: including the White House, which hasn't been there since twenty eighteen.
• 15:33
  Speaker 1: So there's a lot of good news potentially coming out
• 15:36
  Speaker 1: of New York with Ripple, so XRP might see a
• 15:38
  Speaker 1: little bit of a boom coming in this. Of course,
• 15:41
  Speaker 1: was Anamocha which their reverse merger with this fintech company
• 15:45
  Speaker 1: called Currency Group. This ended up getting paused because of
• 15:48
  Speaker 1: the volatility on tradeline. So that is an indicator again
• 15:53
  Speaker 1: where we're starting to see very unique things happening with
• 15:56
  Speaker 1: some of the key players in the space, and Anamocha
• 15:59
  Speaker 1: being one of them. The world's biggest economies are going
• 16:02
  Speaker 1: head to head in terms of bitcoin arms race, and
• 16:05
  Speaker 1: that is the United States and China right now holding
• 16:08
  Speaker 1: the most in the way of bitcoin. And I think
• 16:10
  Speaker 1: this goes into a point that we've made here on
• 16:13
  Speaker 1: this show is there seems to be building a bipolar
• 16:18
  Speaker 1: global reserve currency strategy. One is going the route of
• 16:21
  Speaker 1: stable coins and bitcoin, which is the United States. One
• 16:25
  Speaker 1: going the route of bitcoin and gold, which is China.
• 16:29
  Speaker 1: So which one is going to win the key here?
• 16:32
  Speaker 2: Will be?
• 16:33
  Speaker 1: Right? Now you look at the United States, which has
• 16:35
  Speaker 1: access to so many countries now being able to export
• 16:39
  Speaker 1: the dollar via a stable coin, they might be at
• 16:43
  Speaker 1: the right place at the right time if Trump can
• 16:45
  Speaker 1: get things off high center in New York. I want
• 16:48
  Speaker 1: to go to one more clip here because this puts
• 16:51
  Speaker 1: Trump's position, which is all about crypto and how important
• 16:55
  Speaker 1: it is even compared to AI.
• 16:56
  Speaker 4: Take a look, I only care about one thing. Will
• 17:00
  Speaker 4: crypto be? Will we be number one in crypto? Crypto
• 17:03
  Speaker 4: has turned out and in that sense, I've been right.
• 17:05
  Speaker 4: Crypto has turned out to be a massive industry. And
• 17:08
  Speaker 4: I'm very proud to say that we are far and
• 17:11
  Speaker 4: away ahead of China and everybody else. Now. China is
• 17:13
  Speaker 4: getting into it very big right now, tremendous number of jobs.
• 17:18
  Speaker 4: I campaigned positively on crypto, very openly. I campaigned Biden
• 17:23
  Speaker 4: went all in on crypto at the very end because
• 17:26
  Speaker 4: you thought he could get some votes. It didn't work.
• 17:27
  Speaker 4: They voted for me. Because in crypto, it's a kind
• 17:30
  Speaker 4: of an industry where basically you're going to have number
• 17:33
  Speaker 4: one and you're not going to have a number two.
• 17:35
  Speaker 4: And right now we're number one by a long shot.
• 17:37
  Speaker 4: I want to keep it that way. The same way
• 17:39
  Speaker 4: we're number one with AI, we're number one with crypto,
• 17:42
  Speaker 4: and I want to keep it that way.
• 17:44
  Speaker 1: Now, if you look at the United States had to
• 17:46
  Speaker 1: head with bitcoin, but when it comes to ethereum, not
• 17:50
  Speaker 1: necessarily the case. United States right now is considered the
• 17:53
  Speaker 1: largest hold of eth by investors overall, with around thirty
• 17:56
  Speaker 1: percent of global ethereum held by US investors. This is
• 17:59
  Speaker 1: major because it means companies and government is holding ethereum.
• 18:04
  Speaker 1: And even if you look at Trump's World Liberty FI wallets,
• 18:07
  Speaker 1: what they're holding, it's not even close. Six billion in
• 18:11
  Speaker 1: ethereum ecosystem all under World Liberty five. So Trump understands
• 18:16
  Speaker 1: this is one of the key technologies, especially in crypto,
• 18:20
  Speaker 1: that is going to make a game changing opportunity. And
• 18:22
  Speaker 1: he understands also the tokenization side of this and where
• 18:25
  Speaker 1: it could be going now Crypto chatter is speeding up
• 18:28
  Speaker 1: in Congress, especially leading into possibly getting this bill across
• 18:34
  Speaker 1: the line. And if we get the Clarity Act across
• 18:36
  Speaker 1: before Thanksgiving, this will be another catalyst that I think
• 18:40
  Speaker 1: will be signifying a potential run into the end of
• 18:44
  Speaker 1: the year. Now, granted, Boozman says they're teasing it, so
• 18:48
  Speaker 1: it's a possibility that we get a committee vote on
• 18:51
  Speaker 1: their portion. So it doesn't mean the bill would pass
• 18:54
  Speaker 1: possibly by Thanksgiving, but it could give us an indicator
• 18:56
  Speaker 1: and possibly a short term pump. You you know how
• 18:58
  Speaker 1: those things work. One other point I want to hit
• 19:01
  Speaker 1: out right here is Solana is now below. It's ten
• 19:03
  Speaker 1: ten wick. This was when we saw the liquidity event.
• 19:06
  Speaker 1: This is the lowest it's been in quite some time.
• 19:09
  Speaker 1: Let me know how you guys are playing Salona. I
• 19:11
  Speaker 1: know there's a lot of Solana watchers out there in
• 19:13
  Speaker 1: the audience, so drop some comments down below, And by
• 19:16
  Speaker 1: the way, if you're not subscribed to the show, make
• 19:18
  Speaker 1: sure and do that. We always love to get you
• 19:21
  Speaker 1: guys in. And of course one of the things that
• 19:22
  Speaker 1: we do is our live streams around the FMCS and others,
• 19:26
  Speaker 1: especially when there's urgent market news. So hit the bell.
• 19:29
  Speaker 1: It does get you a notification when we do that
• 19:32
  Speaker 1: checking out on where the market is right now. There,
• 19:35
  Speaker 1: of course is bitcoin trading at one six 't nine
• 19:37
  Speaker 1: as we're recording on this still on a red day
• 19:41
  Speaker 1: and pushing hard back into possibly that one hundred thousand zone,
• 19:45
  Speaker 1: which is what we've been looking at, not holding up
• 19:48
  Speaker 1: sentiment wise when you look at the metrics overall, Bitcoin
• 19:52
  Speaker 1: is getting a little bit soft right here in terms
• 19:55
  Speaker 1: of sentiment. And if we take a look at let's
• 19:58
  Speaker 1: go over and take a look at Solana real quick,
• 20:01
  Speaker 1: because I want to show this one right here. This
• 20:03
  Speaker 1: might be the point where Solana does get a reversal
• 20:06
  Speaker 1: a one sixty seven, But if not, then we've got
• 20:09
  Speaker 1: a potential push all the way down to around one
• 20:11
  Speaker 1: twenty seven, which is the mark that could be happening again.
• 20:14
  Speaker 1: This all plays into the top tier assets in crypto,
• 20:18
  Speaker 1: which is Bitcoin, obviously, Ethereum, Solana and XRP. Those are
• 20:22
  Speaker 1: the ones we're watching very closely. You guys, make sure
• 20:25
  Speaker 1: and subscribe and of course get into the diamond circle.
• 20:28
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• 20:31
  Speaker 1: these times. It's absolutely free. Hit the link down below,
• 20:35
  Speaker 1: follow me out there on x at Paul Baron. We'll
• 20:37
  Speaker 1: catch you next time, right here on The Paul Baron Show.