Latest / The Paul Barron Crypto Show / Larry Fink Buying Dip?🚨Altcoin Stimulus Incoming🚀

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Larry Fink Buying Dip?🚨Altcoin Stimulus Incoming🚀 · The Paul Barron Crypto Show

0:00
Speaker 1: Larry Fink is in Hong Kong breaking down where the
0:02
Speaker 1: markets are today. We're going to get into it for you.
0:04
Speaker 1: You don't want to miss it. Let's get started. I
0:06
Speaker 1: want to go straight into our sponsor, and that is Coinbase.
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0:11
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0:16
Speaker 1: there's a lot of new listeners and new viewers and
0:19
Speaker 1: your thinking is now the time to get into crypto
0:21
Speaker 1: when bitcoin is having a hard time around one hundred
0:24
Speaker 1: k This is the time. The future of money is here.
0:28
Speaker 1: With all of what I'm going to tell you today,
0:29
Speaker 1: You're going to kick yourself if you're not going this direction.
0:32
Speaker 1: So use our link down below get started. I want
0:35
Speaker 1: to lead off with the first clip here, and this
0:38
Speaker 1: of course is getting into what Larry Fink had to
0:41
Speaker 1: say at the Hong Kong Monetary Authority meeting.
0:44
Speaker 2: Take a look today, there's about four point one trillion
0:48
Speaker 2: dollars sitting in digital wallets. There's just too many middlemen
0:52
Speaker 2: in so many different areas. If we could tokenize ETFs,
0:56
Speaker 2: all five point three trillion dollars of our ETFs and
1:00
Speaker 2: provide that in a digital wallet, you could seamless see
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Speaker 2: without fees going from a digital currency or a stable
1:09
Speaker 2: coin or whatever that may be in your digital wallet
1:10
Speaker 2: and buy bonder stocks. And I believe that is going
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Speaker 2: to be the future, that is going to happen sooner
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Speaker 2: not later.
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Speaker 3: Well, thank you, Larry. I think that's a perfect entry
1:21
Speaker 3: point for me to do a little bit at advertisement
1:24
Speaker 3: for Hong Kong. We have a project Ensemble which are
1:27
Speaker 3: getting some name internationally, which really aims to provide a
1:32
Speaker 3: pretty unify and and good platform in the connection for
1:37
Speaker 3: different asset layers and then different payment means, whether it's
1:40
Speaker 3: a stable coin, tognized deposit and whatever, and hopefully to
1:45
Speaker 3: create a seamness system for everyone. So I encourage you
1:49
Speaker 3: and your firm to we'll be standing right hand with us.
1:52
Speaker 1: And I think is all in on tokenization. He sees
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Speaker 1: the future. What really caught my end ear was the
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Speaker 1: fact that he is much more bullish on when this
2:02
Speaker 1: is going to happen. So apparently an accelerated pace coming
2:05
Speaker 1: at crypto in a big way, and there's only a
2:07
Speaker 1: few things that could really drive that stable coins, regulatory
2:11
Speaker 1: and of course adoption HKMA of course got their thirty
2:14
Speaker 1: six stable coin license applications done, so this will open
2:18
Speaker 1: up Hong Kong in a big way. It is one
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Speaker 1: of the cornerstones kind of the New York of the
2:22
Speaker 1: middle of the Southeast region. And I think that's the
2:26
Speaker 1: bigger point going forward is all of this starts to
2:29
Speaker 1: get into the future of where digital assets are going.
2:32
Speaker 1: And fink Is himself is kind of going into this.
2:34
Speaker 1: This came in from their report. Notice here a couple
2:38
Speaker 1: of points I want to get into this, and this,
2:40
Speaker 1: of course is the settlement on tokenized assets aptos right
2:43
Speaker 1: there leading the way. Then of course you got standard Charter,
2:46
Speaker 1: Black Rock, et cetera, MasterCard, Big Wall Street, and big
2:50
Speaker 1: banks moving in quickly. You can kind of see this.
2:53
Speaker 1: This is a bitdle, of course, but you can kind
2:55
Speaker 1: of see this expansion right here. Let me zoom in
2:57
Speaker 1: on that for you guys, so you can kind of
2:59
Speaker 1: see this is the prior to yesterday and then the
3:01
Speaker 1: explosion into a variety including what we're seeing there in aptos, avalanche,
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Speaker 1: et cetera. What does that mean. This means we're going
3:10
Speaker 1: to see a lot of chains benefit from this, and
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Speaker 1: I think the ones that have both a tokenized future
3:17
Speaker 1: and partnerships in place are the ones that are going
3:20
Speaker 1: to be the winners out there. Franklin Templeton launches their
3:23
Speaker 1: tokenized USD money market, also in Hong Kong, again trying
3:28
Speaker 1: to race to where this market because this market is
3:30
Speaker 1: ready to go where the United States is still kind
3:33
Speaker 1: of get going. But I think once the US gets
3:35
Speaker 1: behind this, which they are now, we're going to see
3:38
Speaker 1: an acceleration path. And this is something I'm hearing more
3:41
Speaker 1: and more coming out of even the Swell conference, is
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Speaker 1: the amount of people that are talking about where this
3:48
Speaker 1: is going and that it is just getting started. Wall
3:51
Speaker 1: Street has finally woken up to this. Other points right
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Speaker 1: here's the Benji investments. They too, are also exploding across
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Speaker 1: a variety of platforms including base, Stellar courses, They're hard
4:03
Speaker 1: line and even Ethereum, Avalanche, et cetera. So other news
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Speaker 1: I want to hit on right here is Animoka Brands
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Speaker 1: is joining forces with Hong Kong again for this stable
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Speaker 1: coin licensing push. A couple of points behind this, I
4:16
Speaker 1: want to go to a couple of clips here, but
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Speaker 1: the key here is Animoka has been at the forefront
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Speaker 1: of Asia for a very long time, and it's not
4:23
Speaker 1: always been just crypto. They've also done some gaming projects,
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Speaker 1: et cetera that have played into this. This is Yatsu
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Speaker 1: talking about how they're positioning for an IPO here in
4:33
Speaker 1: the US. Take a look. It's Animoka should be here
4:35
Speaker 1: in the United States. I'm going to try to help
4:38
Speaker 1: President Trump get you here for your IPO. So I'm
4:41
Speaker 1: just trying to get you to commit. I'm just trying
4:43
Speaker 1: to get you to commit. You're going to have a
4:45
Speaker 1: million investors. You're going to have a million investors if
4:49
Speaker 1: you bring it to the United States minimum a million.
4:53
Speaker 4: Well, I look forward to that.
4:55
Speaker 5: I look forward to Sonnymoca Brands planning to go public
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Speaker 5: on the NASSAK Stock Exchange.
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Speaker 4: I mean, I think the messaging here is clear, and
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Speaker 4: Amoka intends to return into the capital markets in the US.
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Speaker 5: You've actually called yourself a lever bet on out coins
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Speaker 5: at a time when we're actually seeing these out points
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Speaker 5: underperform even Bitcoin.
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Speaker 4: Well, I mean, first of all, I think it's a
5:14
Speaker 4: buying opportunity from our perspective because we have essentially the
5:17
Speaker 4: lowest enterprise on all coins. Out cooins is actually where
5:20
Speaker 4: all the gowth and activity is happening on chain with
5:22
Speaker 4: digital assets. Gold is a twenty seven trillion dollar asset.
5:25
Speaker 4: But if you add all listed companies in the world
5:27
Speaker 4: rough on hundred twenty eight trillion dollars in the private companies,
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Speaker 4: which about a plus eighty trillion, you've got two and
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Speaker 4: are trillion dollars of market cap. Visa ve goals twenty
5:34
Speaker 4: seven trillion dollar market cap. And again, people aren't using
5:38
Speaker 4: gold per se, but they're using Apple or Google or
5:41
Speaker 4: Amazon or all these applications. Whether it's playing games, or
5:44
Speaker 4: whether it's using DeFi protocols, or whether it's finance, or
5:46
Speaker 4: whether it's air protocols, they're actually all happening in the
5:49
Speaker 4: out coin space. Our belief is that all coins is
5:52
Speaker 4: actually going to be outperformed Bitcoin as a collective, not individually.
5:56
Speaker 4: That means, you know, you have to have basically an
5:58
Speaker 4: outcoin basket if you will, and I think we're one
6:00
Speaker 4: of the best companies position to do that. And so
6:02
Speaker 4: speed to market does matter here.
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Speaker 1: We think they represent almost the entire Web three community.
6:08
Speaker 1: And when you think about that, going to Wall Street
6:11
Speaker 1: being able to trade twenty four to seven. Eventually, when
6:15
Speaker 1: we see token is securities come into play and they
6:17
Speaker 1: will be the leader of it and the community that
6:20
Speaker 1: is behind Anamocha, that is also behind all of those
6:23
Speaker 1: different projects and brands. That's exactly what Yacht Sue is
6:28
Speaker 1: talking about. And this could be a stimulus into the
6:31
Speaker 1: all coin market, which he was referencing kind of in
6:34
Speaker 1: comparison to what the gold market is doing. But I
6:36
Speaker 1: think there's a hidden component here that people aren't completely
6:40
Speaker 1: connecting just yet, but they will listen to this clip
6:44
Speaker 1: because this is Yat Sue's talking about Apple. Take a look.
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Speaker 4: We were one of the biggest certainly top ten mobile
6:51
Speaker 4: game developer in twenty twelve, market leaders in gaming. We
6:55
Speaker 4: pretty much owned the charts at the Apple. We were
6:57
Speaker 4: like twelve at the top twenty wow, so we completely
6:59
Speaker 4: dominate the charts. But we're based in Hong Kong and
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Speaker 4: some dude basically in California, in Kupertino, and Apple was like,
7:05
Speaker 4: we don't like these guys, and someone just pressed the
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Speaker 4: button and said we're bad guys. Overnight they removed all
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Speaker 4: apps literally just.
7:12
Speaker 1: To be clear, they deep platform all of your app
7:15
Speaker 1: from app Store.
7:16
Speaker 4: Overnight. The Apple's become the bad guy. Can you imagine
7:19
Speaker 4: they're the criminals now in a way, right, especially when
7:21
Speaker 4: you think that the Clarity Act is probably going to
7:23
Speaker 4: come out soon. Every company in the world and especially
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Speaker 4: in America, are all going to tokenize in one way
7:28
Speaker 4: or the other, and there's just not enough people around
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Speaker 4: there who know what they're doing.
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Speaker 1: I think this could be a play for Anamocha to
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Speaker 1: become the next maybe Web three app store that eventually develops.
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Speaker 1: Imagine that as a publicly traded company, getting injections of
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Speaker 1: capital and exposing this all coin market, which is all
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Speaker 1: these different projects, games, et cetera that really are the
7:49
Speaker 1: heartbeat of Web three. A jumper of politics real quick.
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Speaker 1: Of course, everybody knows New York City Merril elections came through,
7:56
Speaker 1: so on Mandami Donnie has made the way pretty much
8:00
Speaker 1: wrapped up New York, almost like a landslide really if
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Speaker 1: you compare it, because even all the Republicans can piled
8:07
Speaker 1: together were not able to defeat this guy. So this
8:10
Speaker 1: may play out interestingly around New York. But the cool
8:15
Speaker 1: thing about this is not necessarily the election itself, but
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Speaker 1: it was how this election was looked at. So polymarket
8:21
Speaker 1: is rigged, crowd as awfully quiet, tonight. This was in
8:24
Speaker 1: reference to the fact that they called this race. And
8:28
Speaker 1: if you continue to see this kind of performance with
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Speaker 1: polymarket and the connection to crypto, then you start to
8:34
Speaker 1: see the performance starting to make its way into mainstream.
8:38
Speaker 1: Now this is CNBC talking about polymarket and trying to
8:42
Speaker 1: digest this. Take a look.
8:43
Speaker 6: Mondami has more than fifty percent, and even if you
8:47
Speaker 6: were to factor in the SLIWA vote, it looks like
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Speaker 6: zero and Mondani would have still won. President Trump said
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Speaker 6: that Republicans lost yesterday because he wasn't on the ballot.
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Speaker 6: I'm fascinated by just how big the win was, four
9:01
Speaker 6: zero on Mundane. I thought it would be closer. I'm
9:03
Speaker 6: fascinated by some of the polymarket results in terms of
9:07
Speaker 6: how frankly close these elections were, but how the polymarket
9:13
Speaker 6: wasn't close. I don't know what that says about anything.
9:15
Speaker 7: And I thought Polymarket was incredibly good. I mean, it
9:19
Speaker 7: was ninety ten. It was never got anywhere except ninety
9:22
Speaker 7: ten from him. That never was any question that he
9:24
Speaker 7: was going to win, and it never got more than
9:27
Speaker 7: nine really ninety ten, and there was never any waffling.
9:30
Speaker 7: I mean, I didn't wait up for any of this.
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Speaker 1: If poly market is this accurate, and we're starting to
9:35
Speaker 1: see really a new revelation around a lot of these polls.
9:40
Speaker 1: I think everybody is looking at that now if you
9:42
Speaker 1: go into some of the other factors that are coming
9:45
Speaker 1: in right now. The Supreme Court rules in favor of
9:47
Speaker 1: Trump's terrorists is a question on polymarket. This of course
9:50
Speaker 1: dropped dramatically overnight. If they are right again, they have
9:55
Speaker 1: gone from what was at least not even a fifty
9:58
Speaker 1: to fifty which was here what was that yeah September
10:02
Speaker 1: fourth when this went in, and now here we are
10:04
Speaker 1: right now. Most likely this could be a big win
10:08
Speaker 1: for a lot of the people out there who are
10:10
Speaker 1: against tariffs. If you're not against tariffs, I completely understand.
10:12
Speaker 1: But the point is is whether or not the president
10:15
Speaker 1: is going to have powers or not is set up
10:17
Speaker 1: to the Supreme Court. Looks like the Supreme Court may
10:19
Speaker 1: rule against President Trump. CNBC also came back and said, well,
10:25
Speaker 1: maybe we should be playing this a little differently, looking
10:28
Speaker 1: at what's happening on polymarket. Take a look.
10:30
Speaker 7: Tariff policy and Amon Jammers. You can also look at
10:34
Speaker 7: this on polymarket case. Only thirty five percent chance of
10:39
Speaker 7: the President prevailing yesterday, we saw it, Amen, there were
10:43
Speaker 7: people betting two million dollars on Mamdani to make one
10:47
Speaker 7: hundred thousand dollars. No, it wasn't though, was it.
10:50
Speaker 8: Really?
10:51
Speaker 4: It's not if it's a sure thing, but that is,
10:52
Speaker 4: it was a sure thing. That's a huge risk to take.
10:55
Speaker 7: But that shows why it's aiming instead of polls. Now
10:59
Speaker 7: I'm taking Joe.
11:00
Speaker 8: Yesterday, somebody tweeted this at me, betting during the White
11:03
Speaker 8: House Press briefing on the next word that Caroline Levitt
11:07
Speaker 8: will say. And one guy had bet seven hundred dollars
11:11
Speaker 8: at the next word was going to be China. And
11:13
Speaker 8: I asked her a question about China and he was
11:17
Speaker 8: like celebrating online and question streaming himself betting. You asked her, no,
11:23
Speaker 8: But this opens up the whole revenue stream for.
11:25
Speaker 4: Me, right, Oh man, don't even joke about that.
11:29
Speaker 8: I mean, let's talk about the Supreme Court, which is
11:31
Speaker 8: why I'm here this morning.
11:32
Speaker 1: Okay. So now we have CNBC joining the DJing crowd
11:35
Speaker 1: apparently around this and uh, with all of this being said,
11:40
Speaker 1: and you look at what we're seeing still coming in
11:43
Speaker 1: from token is securities. What we'll see in terms of
11:46
Speaker 1: web three all coins maybe with the Anamoka ipo. Now
11:50
Speaker 1: we got to go back and look at the bitcoin
11:52
Speaker 1: market because that's really where a lot of this liquidity
11:54
Speaker 1: is going to be coming from. Here is Chris Familion.
11:57
Speaker 1: We've had him on the show before, and he's talking
11:59
Speaker 1: about big coin in its current position. Take a look.
12:03
Speaker 1: Bitcoin is not outperforming stocks in a bull market.
12:06
Speaker 9: I do feel like Bitcoin's loss. It's shine, you know,
12:08
Speaker 9: Ethereum got some good traction, really took a lot of
12:12
Speaker 9: focus away from bitcoin, golds back to life. People move
12:15
Speaker 9: to where the money is and where the trends are,
12:17
Speaker 9: and Bitcoin just doesn't have that right now, you can
12:20
Speaker 9: feel it. This is just the sentiment. I usually get
12:22
Speaker 9: lots of emails and questions on this stuff. There's not
12:25
Speaker 9: interested in bitcoin. They're wondering where else to go.
12:28
Speaker 1: All right, So there you have it. A lot of
12:30
Speaker 1: traders now it's taking a look at bitcoin not being
12:32
Speaker 1: necessarily digital gold gold is gold, and of course eth
12:36
Speaker 1: possibly on the next flight in terms of up. So
12:40
Speaker 1: we're watching that one very closely. Another thing that is
12:42
Speaker 1: a narrative that is brewing is the connection between stable
12:46
Speaker 1: coins and of course ethereum. Take a look, I think.
12:49
Speaker 6: It's also important to know you're saying it's being all
12:51
Speaker 6: these stable coins are being built on a theorem.
12:53
Speaker 4: Is it Theoreum going to see a big boost as
12:54
Speaker 4: more stable coins get built on there, or.
12:57
Speaker 5: Is it just simply a platform.
12:58
Speaker 10: It is a platform, but the platform gets huge boost
13:00
Speaker 10: because every time you do a transaction on Ethereum, you
13:03
Speaker 10: are using some ethan network currency, using transaction processing power.
13:07
Speaker 10: If you want to have any kind of item that
13:08
Speaker 10: somebody wants to buy denominated in these stable coins, you're
13:11
Speaker 10: also going to put it on the Ethereum network. And
13:13
Speaker 10: that's why we're seeing this incredible growth of Ethereum layer
13:16
Speaker 10: of two networks.
13:17
Speaker 1: There you have it, guys, tokenomics right there on the
13:19
Speaker 1: front page of CNBC. And again, this is still new
13:23
Speaker 1: to a lot of people, so it will take some
13:25
Speaker 1: time to kind of make those curves occur. One of
13:29
Speaker 1: the things that we'll do it is credit and this,
13:31
Speaker 1: of course is just showing Visa's stable coin volume. Now, granted,
13:34
Speaker 1: this began back here in September of twenty twenty three,
13:37
Speaker 1: actually December of twenty twenty three, so we're rolling in
13:40
Speaker 1: on really just two years. But look at this bell
13:43
Speaker 1: curve lining up now. Yes, Paul, it is only two
13:47
Speaker 1: hundred million. I understand that, guys, But when you look
13:50
Speaker 1: at the fact that Genius Act was not through, Clarity
13:53
Speaker 1: is still not through, and the fact that we don't
13:55
Speaker 1: have Wall Street fully at the table yet even though
13:58
Speaker 1: there's a lot of signs they are already there and
14:01
Speaker 1: they're pushing you to sell everything right now. That's the
14:04
Speaker 1: idea that's going behind all of this. So I think
14:06
Speaker 1: this is just building up, and of course all that
14:09
Speaker 1: points to Ethereum. Ethereum also pulling off what was a
14:13
Speaker 1: high performance right now in terms of their transactions per
14:16
Speaker 1: second and fees being cheap. This is big because Fusaka
14:20
Speaker 1: is just around the corner and of Fusaka, just so
14:22
Speaker 1: you guys know, I know many of you guys will say,
14:24
Speaker 1: what the heck is for Fusaka. This basically makes Ethereum
14:28
Speaker 1: ridiculously fast, even faster than all of Visa, faster than
14:33
Speaker 1: all of the credit card markets out there combined. That's
14:36
Speaker 1: the kind of transaction throughput that Ethereum will be able
14:40
Speaker 1: to handle once Fusaka is deployed. That's a big deal, guys,
14:43
Speaker 1: because it starts to reposition the entire financial system and
14:47
Speaker 1: how transactions will take place. That's why I think Ethereum
14:51
Speaker 1: continues to be the shiner right here. Other things out there.
14:56
Speaker 1: Stable coins are now getting even more performance out there.
15:00
Speaker 1: I'm not saying you guys should go do this, but
15:02
Speaker 1: this of course is over and flow and an example
15:05
Speaker 1: of how they're leveraging it. And this of course is
15:07
Speaker 1: leveraging the stable coins both on USDC and PayPal in
15:13
Speaker 1: terms of some of these yields. I don't know if
15:15
Speaker 1: many of you are into degions and into DeFi like that,
15:18
Speaker 1: but if you are, this might be something to kind
15:20
Speaker 1: of consider other things I want to get into, because
15:23
Speaker 1: this is another factor we've been calling for the last
15:26
Speaker 1: few days, is that there are some clear signals that
15:29
Speaker 1: this government shutdown is nearing an end. Now does it
15:34
Speaker 1: happen this week? Let me go to this clip. Take
15:36
Speaker 1: a look.
15:38
Speaker 11: The stars may start to align, because they'll take a
15:40
Speaker 11: day or so in which they celebrate some of their victories.
15:43
Speaker 11: But then I think we can get back down to
15:45
Speaker 11: actually and this place opened up again. We'll probably have
15:47
Speaker 11: to modify a little bit the Continuing Resolution three bills
15:50
Speaker 11: already that we're ready to go attach that to a
15:54
Speaker 11: Conference Committee extension to maybe mid December, and that way
15:57
Speaker 11: the Democrats don't have to say that they capitulated totally.
16:01
Speaker 11: They can say we wanted to get back to appropriations
16:04
Speaker 11: and then we can move on right away into the
16:06
Speaker 11: other appropriations bills that I've already passed the Senate. I
16:09
Speaker 11: think if we do this correct, we can take some
16:11
Speaker 11: lemons and maybe make a little bit of lemonade.
16:13
Speaker 1: Reason this is important is this is the second member
16:17
Speaker 1: of Congress that has come out and talked about this issue,
16:21
Speaker 1: and that is that the Democrats could be on the
16:24
Speaker 1: cost of actually coming back to the table and getting
16:27
Speaker 1: this done. If that happens, that will be another boom
16:30
Speaker 1: into the market. The markets will move, and it's possible
16:33
Speaker 1: we could be seeing a rotation right now out of
16:35
Speaker 1: bitcoin and moving into some other assets. Now, the key
16:39
Speaker 1: thing that will make other assets move is clarity. Clarity
16:43
Speaker 1: is the key thing. So the real question is will
16:45
Speaker 1: it pass this year? Take a look at.
16:48
Speaker 8: This clip a market structure bill.
16:50
Speaker 7: Overall, it's still moving forward, full steam ahead.
16:53
Speaker 6: You know, we are maintaining you know, before the end
16:55
Speaker 6: of the year, the President wants that piece of legislation
16:58
Speaker 6: on his desk.
16:59
Speaker 7: We heard it here. By the end of the we're
17:00
Speaker 7: in there you go.
17:01
Speaker 11: The future is very bright for this industry.
17:03
Speaker 6: When we get this build on, consumers are going to
17:06
Speaker 6: be offered better products, more efficiently, lower cost. That's a
17:09
Speaker 6: victory for everybody, not just Republicans or Democrats.
17:12
Speaker 8: Earlier this morning, Ripple announced a five hundred million dollar
17:16
Speaker 8: investment from led by Fortress and Citadel, some of the
17:20
Speaker 8: biggest names in finance.
17:21
Speaker 7: It is nice to take a moment to see kind of.
17:23
Speaker 1: How far we come, all right, So, of course that
17:29
Speaker 1: was Brad garling House setting down with Patrick Witt, who
17:31
Speaker 1: is the executive director of the President's Council of Advisors
17:35
Speaker 1: for Digital Assets, working with Sachs. So the point being
17:38
Speaker 1: is that they were getting into is Claritiac is going
17:39
Speaker 1: to happen, and the fact that we're going to see
17:41
Speaker 1: this unlock on all sorts of new products. This goes
17:44
Speaker 1: even into some of the announcements that Ripple made with
17:47
Speaker 1: MasterCard Gemini using ourlusdas settlement. We'll continue to see the
17:52
Speaker 1: connection here. We kind of talked about that in the
17:54
Speaker 1: beginning of the show, and then of course the big
17:56
Speaker 1: announcement was their their announcement right there of the strategic
17:59
Speaker 1: investment by Fortress Citadel, which you remember Citadel setting at
18:03
Speaker 1: the beginning of the episode over in Hong Kong. These
18:05
Speaker 1: guys are in cohoots on how this market is going
18:09
Speaker 1: to move, and of course Ripple an XRP could be
18:11
Speaker 1: right there in the middle other things. To look at.
18:14
Speaker 1: The potential on the Clarity Act being signed into law
18:18
Speaker 1: this year starting to rise right here, Let me kind
18:20
Speaker 1: of zoom in on that for you guys. This had
18:22
Speaker 1: almost i'll say, less of a chance right there at
18:25
Speaker 1: the beginning of November at eighteen percent, and now all
18:28
Speaker 1: of a sudden, here we are at forty two percent
18:31
Speaker 1: as of November fourth, So a fairly large movement right
18:36
Speaker 1: now on poly market of getting this done. All we
18:40
Speaker 1: need and I think will be the fact that we
18:42
Speaker 1: get a government shutdown removed. And I think at that
18:45
Speaker 1: point you're going to see light speed moving toward the
18:49
Speaker 1: Clarity Act heading into the holidays. This is a good
18:52
Speaker 1: statement right here all y'all getting fooled by Wall Street.
18:55
Speaker 1: You literally can't stop what's coming. They're going to try
18:58
Speaker 1: to shake you out. I agree with that. Put out
19:00
Speaker 1: a tweet yesterday I just said simply said, Hotal. But
19:03
Speaker 1: this is all pre Clarity Act, because imagine where this
19:05
Speaker 1: market is going to be once Clarity comes into play.
19:08
Speaker 1: The amount of new products back to what garling House
19:11
Speaker 1: was talking about there, I think it's going to surprise
19:14
Speaker 1: you because the amount of new products that are coming
19:17
Speaker 1: to the United States, the amount of companies that are
19:20
Speaker 1: now coming in that understand where this product fit works,
19:25
Speaker 1: and where crypto is going to be a big part
19:27
Speaker 1: of it. I think that is just beginning. So this
19:30
Speaker 1: is just the rails and the framework to get things rolling.
19:34
Speaker 1: Be ready, guys, this is a big one. One last
19:36
Speaker 1: point that makes me feel we are close to the
19:38
Speaker 1: finish line is this tweet right here. This is the
19:41
Speaker 1: American Bankers Association. They're dropping in right here that they
19:45
Speaker 1: are trying to fight like hell to make sure this
19:48
Speaker 1: does not get passed through. And of course Genius as
19:52
Speaker 1: well as Clarity is going to change that. But Genius
19:55
Speaker 1: Act is very clear, Yes, you're going to be able
19:57
Speaker 1: to earn yield on this within your exchange is not
19:59
Speaker 1: the issue or But I think the fact that banks
20:01
Speaker 1: continue to try to fight this, with both the lobbying
20:04
Speaker 1: groups and the banks themselves is only showing that we
20:08
Speaker 1: are this close to making it all come true. So
20:12
Speaker 1: if you guys are not part of the show audience,
20:15
Speaker 1: make sure and subscribe right now. And of course we'll
20:17
Speaker 1: take a quick look at Bitcoin as it starts to
20:20
Speaker 1: correct off of what was a little bit of a
20:22
Speaker 1: scary moment as we dip down to ninety eight thousand,
20:26
Speaker 1: nine hundred bitcoin now holding at one oh four, climbing
20:29
Speaker 1: out of what was a major adjustment to that because
20:34
Speaker 1: it was a big deal and Ethan was kind of
20:35
Speaker 1: in the same boat. Now recorrecting after dropping to what
20:39
Speaker 1: was right at three thousand, did not break the three
20:41
Speaker 1: thousand mark, but now holding at thirty four forty seven.
20:45
Speaker 1: As we record, XRP also dipped into the zone of
20:50
Speaker 1: two oh seven, did not break the two dollar mark,
20:52
Speaker 1: and is now back on its way to two twenty
20:54
Speaker 1: eight again. These might be the points where we could
20:58
Speaker 1: see some all coin rotation. With everything that we are
21:01
Speaker 1: seeing right now, Clarity Act, government shutdown, and what we
21:04
Speaker 1: could see around both the FED in December, a lot
21:09
Speaker 1: of things happening right now are on the ground, balls
21:11
Speaker 1: in the air. We'll see where it goes from here. Alrighty,
21:13
Speaker 1: you guys, make sure and subscribe. If you're not already
21:16
Speaker 1: subscribed to the show, you can also join the Diamond Circle.
21:19
Speaker 1: It's just a link down below.
21:21
Speaker 2: Just click that.
21:21
Speaker 1: It's absolutely free, and then of course check me out
21:24
Speaker 1: there on Twitter at Paul Baron. We'll catch next time
21:27
Speaker 1: right here on The Paul Baron Show.