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Crypto Summit: Trump Delivers White House Digital Asset Remarks🔥 · The Paul Barron Crypto Show

0:06
Speaker 1: I'm gonna love it, and we're gonna have a guest
0:08
Speaker 1: in also do some trading as well. My name is
0:10
Speaker 1: Paul Barren. Welcome back into tech path. I want to
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Speaker 1: let's get going. Of course, I want to have Evan
0:50
Speaker 1: to Aldo join us today. We're going to jump into
0:52
Speaker 1: a few tokens and also give you some predictions. So
0:56
Speaker 1: let's go over and get Evan in. How are you man?
1:00
Speaker 2: One fantastic Paul, great to be on. Exciting time Crypto Summit.
1:04
Speaker 2: It's kind of surreal seeing what's happened in the past
1:06
Speaker 2: few weeks and all the fear, so you know, it's exciting.
1:09
Speaker 3: It's exciting.
1:10
Speaker 1: Listen, we got to look at some charts today before
1:13
Speaker 1: we get into that. We are going to look at
1:15
Speaker 1: a lot of the all coins that kind of are
1:17
Speaker 1: circling around the Crypto Summit in the sense of the
1:21
Speaker 1: not the strategic Reserve because that has been clarified as bitcoin.
1:25
Speaker 1: But before we go into the bitcoin chart, a couple
1:27
Speaker 1: of things right here, a couple of points that were
1:29
Speaker 1: stated last night statement of the broke crypto markets tonight.
1:32
Speaker 1: Government will not acquire additional assets for the stockpile beyond
1:36
Speaker 1: those obtained through forfeiture proceedings. So this is something that
1:41
Speaker 1: was discussed and of course everybody's looked at this. I've
1:44
Speaker 1: got a clip to play, Evan before we get started.
1:46
Speaker 1: Let's cut to this clip. This is Trump signing the
1:49
Speaker 1: Bitcoin Reserve today.
1:51
Speaker 4: We're signing this is very historic and executive order establishing
1:54
Speaker 4: a strategic Bitcoin Reserve and digital outset stockpile. This so
1:58
Speaker 4: promise that you made throughout the campaign. Today we're keeping
2:00
Speaker 4: that promise. The reserve will be capitalize with bitcoin that
2:03
Speaker 4: the federal government already owns, so won't cost taxpayers a dime.
2:07
Speaker 4: This is like a digital fort Knox for digital gold
2:11
Speaker 4: and premature a sales a bitcoin over the past years
2:15
Speaker 4: cost American taxpayers over seventeen billion dollars in lost value
2:18
Speaker 4: because we didn't have a long term strategy.
2:20
Speaker 5: Right now we do so and this is something you
2:23
Speaker 5: believe in. Yeah, okay, in all community, very good and
2:27
Speaker 5: he made the prominence right absolutely, Okay.
2:45
Speaker 1: All right, another executive order signed off by President Trump.
2:48
Speaker 1: He didn't seem too excited about that, or maybe it
2:52
Speaker 1: was a long day. I don't know, because he did
2:53
Speaker 1: it last night. As soon as that happened, though, we
2:56
Speaker 1: started to see bitcoin bleed against that very statement is
3:00
Speaker 1: that they're going off with what's already in the reserve,
3:03
Speaker 1: not acquiring any new bitcoin, which means no additional bitcoin
3:07
Speaker 1: from the American government. Now the question is is whether
3:11
Speaker 1: or not this is going to get affected by other governments.
3:13
Speaker 1: But when you look at bitcoin right now, Evan, what's
3:17
Speaker 1: your position? Do you like it on the charts?
3:22
Speaker 2: I generally like it, yes, And I'll show you the
3:24
Speaker 2: charts right there. The thing I want to say about
3:25
Speaker 2: Trump real quick though, is, I mean, he just released
3:28
Speaker 2: two meme coins that are down ninety plus percent. I'd
3:31
Speaker 2: be a little apprehensive if I were him too right now,
3:34
Speaker 2: But yeah, I mean so ultimately, we look at the
3:37
Speaker 2: chart for bitcoin right now, and this is are generally
3:40
Speaker 2: in the having and post having years, you're looking for
3:43
Speaker 2: about thirty percent kind of correction in the beginning of
3:47
Speaker 2: the year. We're just about to see that. It's you know,
3:49
Speaker 2: we're close to that. That's seventy five mark. I mean,
3:52
Speaker 2: we definitely could drop a little bit lower. At seventy
3:55
Speaker 2: four point is the big point A lot of people
3:57
Speaker 2: would probably like to see for a full thirty percent correction.
4:00
Speaker 2: But let's compare this a little bit to kind of
4:02
Speaker 2: what we saw in the last you know, in twenty
4:04
Speaker 2: twenty one. Right here is about a thirty one percent correction.
4:07
Speaker 2: We are a little delayed, or delayed about a month
4:10
Speaker 2: and a half. But I think in the grand scheme
4:11
Speaker 2: of things, you know, it's okay, and it kind of
4:14
Speaker 2: would give us some steam for a more of an
4:17
Speaker 2: extended cycle. Here you do have a very deep anchor
4:20
Speaker 2: wave that kind of confirmed right here, very similar to
4:23
Speaker 2: what happened in July twenty four. You see, we came
4:25
Speaker 2: up and we came down for a week down below,
4:27
Speaker 2: and then we're recovered. It could be some situation like
4:29
Speaker 2: that for more consolidation. But ultimately what I would kind
4:33
Speaker 2: of you know, estimate here would be we were eventually
4:37
Speaker 2: should see something like this happen in the coming months
4:39
Speaker 2: and hopefully making a new all time high. I would
4:42
Speaker 2: say some point, you know, before the summer is kind
4:45
Speaker 2: of what I would hope for. And the other thing
4:47
Speaker 2: too that I'm kind of looking at here is actually
4:50
Speaker 2: the five day you're forming kind of a trigger wave
4:53
Speaker 2: right here, last one very similar to that area.
4:56
Speaker 3: So you know, unless you think we're going.
4:58
Speaker 2: Into recession, unless you think things are going to get
5:00
Speaker 2: really ugly for the stock market in general, I do
5:03
Speaker 2: think we're going to be all right. And the last
5:06
Speaker 2: thing I'll show you real quick, just the NASDAC.
5:08
Speaker 3: We saw an.
5:09
Speaker 2: Eleven percent correction in March of twenty twenty one. This
5:12
Speaker 2: is what the four year cycle. Remember bigcoin does follow
5:14
Speaker 2: the NASDAC to a certain extent, about eleven percent down.
5:17
Speaker 2: Less you think we're going into recession here, I think
5:20
Speaker 2: the Nasacson recover as long as well as Big One.
5:23
Speaker 1: Okay, so there are some things out there. I think
5:26
Speaker 1: that many people are questioning right now because obviously this
5:30
Speaker 1: was much different so far now granted the Crypto Summit,
5:33
Speaker 1: which may get aired as we are recording here right now,
5:38
Speaker 1: but it looks like we're starting to see data that
5:40
Speaker 1: they may push this to tonight. So for those of
5:43
Speaker 1: you guys, stick around for the live if they do
5:45
Speaker 1: go live, we'll be streaming it live here on the channel.
5:49
Speaker 1: One thing I want to do was go to another clip, Evan,
5:51
Speaker 1: because this was kind of a counterbalance of whether this
5:55
Speaker 1: was really good for crypto or not. Take a look.
5:58
Speaker 1: Was a disappointment is So what was the disappointment?
6:01
Speaker 6: The big expectation was that we would see some sort
6:03
Speaker 6: of bitcoin purchasing plan in tandem with the announcement of
6:06
Speaker 6: a strategic bitcoin reserve. But the language in that executive
6:08
Speaker 6: order was very specific about it, just meaning that we
6:11
Speaker 6: would hold on to what was already seized in criminal
6:14
Speaker 6: operations rather than roll out any sort of taxpayer dollars
6:18
Speaker 6: into a buying scheme.
6:20
Speaker 3: Who wants that.
6:22
Speaker 1: No one wants taxpayer dollars going into buy.
6:24
Speaker 6: I Senator lum has put forth a bill last year
6:26
Speaker 6: where you'd buy one million bitcoin over the course of
6:28
Speaker 6: five years, you'd hold on to that for twenty years
6:31
Speaker 6: and periodically sell it off to pay down the multi
6:33
Speaker 6: trillion dollar deficit on hand.
6:35
Speaker 1: Right, But if we're not really buying it, right, we're
6:38
Speaker 1: not going to be buying it.
6:39
Speaker 3: You agree with that.
6:40
Speaker 6: I think that right now we have around seventeen billion
6:42
Speaker 6: dollars worth a bitcoin, and holding onto that is enough
6:45
Speaker 6: of a signal that other countries would follow suit. And
6:47
Speaker 6: I mean some of the language and that EO did
6:48
Speaker 6: say that if they could find budget neutral ways to
6:51
Speaker 6: add it to our balance sheet, they would investigate that. Now,
6:53
Speaker 6: that of course stops short of a buying plan, but
6:56
Speaker 6: it signals that they're open to some way to do
6:58
Speaker 6: this if it doesn't take taxpayer dollars.
7:00
Speaker 3: Do you know of the way they could do it
7:01
Speaker 3: without taking tax picure? I basically yeah.
7:05
Speaker 7: I say that because it's just it's it's the craziest
7:07
Speaker 7: I mean, it's the craziest thing I've ever heard in
7:09
Speaker 7: my whole life.
7:09
Speaker 6: Well, what's interesting to me is that President Trump spent
7:11
Speaker 6: a lot of time with bitcoin miners, on the campaign trail,
7:14
Speaker 6: and it goes to that larger thesis of other countries
7:16
Speaker 6: that are turning either sanctioned energy in the case of Iran,
7:19
Speaker 6: or you know, idle resources into bitcoin.
7:22
Speaker 1: All Right, So a couple of points there I want
7:24
Speaker 1: to make evan is that they're kind of defending the
7:27
Speaker 1: whole idea of is this is you know, it's bitcoin
7:29
Speaker 1: that's going in that's already been seized. You know, we
7:31
Speaker 1: had already had it, so it wasn't a big deal.
7:33
Speaker 1: But everybody should remember that the American government sold a
7:38
Speaker 1: tremendous amount of bitcoin, left about seventeen billion on the table.
7:42
Speaker 1: So I'm looking at it this way. If if bitcoin
7:45
Speaker 1: does go up to you know, one twenty one point
7:48
Speaker 1: fifty or at some point in the future, as Michael
7:51
Speaker 1: Saylor would say, goes up to a million dollars, the
7:54
Speaker 1: US government's going to look really stupid of not buying
7:58
Speaker 1: bitcoin and instead just setting it in there. So and
8:01
Speaker 1: this is the thing that I've you know, kind of
8:03
Speaker 1: argued back and forth, is are they really listening. David
8:06
Speaker 1: Sachs was on Twitter. He hit on a couple of
8:09
Speaker 1: points right here, and this was kind of interesting. He
8:11
Speaker 1: was doing some back and forth here with Alex and Uh.
8:15
Speaker 1: This of course was that they were talking about the reserve,
8:18
Speaker 1: and I think a lot of people forget and he
8:20
Speaker 1: was kind of going head to head here with David
8:22
Speaker 1: Sachs is that he's pumping his bags, and you know,
8:24
Speaker 1: of course, David goes, hey, that's a big hoax. I've
8:27
Speaker 1: sold all my bags, YadA, YadA. But the point being
8:29
Speaker 1: is that Sachs is listening, and if he's listening, then
8:33
Speaker 1: he understands what the crypto community is wanting. Ethereum was
8:38
Speaker 1: not necessarily mentioned in the initial last Sunday, and I
8:43
Speaker 1: think a lot of people got a little bit sideways
8:45
Speaker 1: on that. When you look at Eth right now, and Evan,
8:48
Speaker 1: I got to call you out on the five thousand
8:49
Speaker 1: dollars dollars Eth call you had to a few weeks back.
8:54
Speaker 1: We didn't get the fight.
8:55
Speaker 2: That I okay, we didn't get there yet. Yeah, get
9:00
Speaker 2: there a couple of months.
9:01
Speaker 1: All right, all right, so not ethan five weeks, but
9:05
Speaker 1: it was fine. I think it was five thousand and
9:07
Speaker 1: five weeks.
9:09
Speaker 3: I don't remember the exact Colum trying to forget they
9:11
Speaker 3: got the receipt. We can go back and somebody else look.
9:14
Speaker 1: At your chart, though, I want to. I want to
9:16
Speaker 1: get your chart on ethereum.
9:20
Speaker 2: Yeah, so let's say, oh, look here, so ethereum right now.
9:23
Speaker 2: And I mean the thing I'm looking at, you know,
9:26
Speaker 2: we did fall down. We hit this kind of really
9:28
Speaker 2: big point. We're trying to form a kind of trigger
9:31
Speaker 2: wave very similar to kind of this area back in
9:35
Speaker 2: October of twenty three, which had a really nice rally upward.
9:38
Speaker 2: And I think that if all could go well, I mean.
9:42
Speaker 3: I don't have a crystal ball.
9:43
Speaker 2: Maybe I'm wrong, but if all can go well, I
9:45
Speaker 2: think we could hit kind of a bottom around two
9:47
Speaker 2: thousand here, maybe we wike down a little bit more below.
9:50
Speaker 3: It is possible.
9:51
Speaker 2: But I think, you know, within the next few weeks
9:54
Speaker 2: to next month, you can kind of start a nice
9:56
Speaker 2: recovery rally. And I mean my new kind of target
9:59
Speaker 2: for five one thousand is sadly not until midsummer now
10:05
Speaker 2: or early to midsummer now, So I mean it is
10:07
Speaker 2: a little bit different. We did have a little fork
10:09
Speaker 2: in the road. You know, some of these predictions take
10:12
Speaker 2: a while to play out, but that's kind of my
10:14
Speaker 2: main perspective on ETH right now. Now, the big debate
10:17
Speaker 2: here is you know what happens in the more short term,
10:19
Speaker 2: you know, your money flows a little tricky here on
10:22
Speaker 2: some of these you know, lower time frames. It's not
10:24
Speaker 2: impossible to break down a seventeen hundred or sixteen hundred.
10:27
Speaker 2: But I do think that unless you think we're going
10:30
Speaker 2: into a recession, unless you think the first cycle's completely broken,
10:34
Speaker 2: we should be able to leads on to or grab
10:37
Speaker 2: onto one of these levels and get some momentum and
10:39
Speaker 2: get some buyers to really bring us up and have
10:42
Speaker 2: a nice rally into kind of the middle of summer
10:46
Speaker 2: into the end of the year hopefully. And I still think,
10:48
Speaker 2: you know, even if you come down to seventeen hundred,
10:50
Speaker 2: I still think you could have something like this happen
10:54
Speaker 2: and we could see into the end of the year
10:56
Speaker 2: still a seven thousand dollars eathh which was my big
10:58
Speaker 2: big price to get that I've really been looking at.
11:01
Speaker 3: So yeah, okay, all.
11:03
Speaker 1: Right, so your prediction right now still holding on the
11:06
Speaker 1: seven k e by end of year. Typically in the past,
11:10
Speaker 1: we've seen the summer months be a little bit light
11:13
Speaker 1: on at least action in the market. It's been a
11:15
Speaker 1: lot of sideways action for the most part, I want
11:19
Speaker 1: to jump back to something that Matthew Siegel covered is
11:22
Speaker 1: we've had Matthew on before a couple times. Let me
11:24
Speaker 1: kind of zoom in on that for you, Evan, so
11:25
Speaker 1: you can see a little bit more so, possible budget
11:28
Speaker 1: neutral ways for the government to acquire bitcoin. These were
11:31
Speaker 1: just kind of a listening, but he said nearly all
11:33
Speaker 1: of them would require congressional action. Some of them were,
11:37
Speaker 1: you know, a potential ESF which would be a net
11:40
Speaker 1: thirty nine billion dollars self funded but not congressionally approved.
11:45
Speaker 1: Then you've got revalue gold reserves. That's a big deal
11:48
Speaker 1: because it would require congressional action then, and that may happen.
11:52
Speaker 1: I mean, we may see something like that. Don't put
11:54
Speaker 1: that out when we get into investment. And then a
11:57
Speaker 1: handful of others bitcoin bonds, lobbying in the imf C,
12:00
Speaker 1: most of which would all require congressional oversight to be
12:04
Speaker 1: able to do that. So I guess, in a way,
12:06
Speaker 1: at least we know that the US government bitcoin is
12:09
Speaker 1: going to stay in a reserve and is not going
12:12
Speaker 1: to flood the market. The other option is the way
12:16
Speaker 1: that this could possibly get other countries to come into
12:20
Speaker 1: and possibly buy bitcoin, or at least set it up
12:22
Speaker 1: from a reserve, because I'm sure that you know, when
12:25
Speaker 1: we're in comparison, we kind of hold all the cards
12:29
Speaker 1: right now because we do have so much bitcoin. Here's
12:31
Speaker 1: Brian Armstrong, he hits on that very point. I expect
12:33
Speaker 1: many of the g twenties, these are nations to take
12:36
Speaker 1: notice and eventually follow America's leadership for a bitcoin reserve.
12:40
Speaker 1: So I think with all of that, you know, these
12:42
Speaker 1: are still very positive. What was your position right now, Evan?
12:46
Speaker 1: Was this a win for bitcoin, a nothing burger or
12:49
Speaker 1: this was bad? Where would you put it?
12:51
Speaker 2: I think I think it's a soft win. I think
12:54
Speaker 2: you know, when you see Trump kind of signing that order,
12:57
Speaker 2: he's kind of thinking, you know, the backlash. You know,
12:59
Speaker 2: I had my two meme coin go down. I'm getting
13:01
Speaker 2: some hate on that. You know, Bitcoin's high right now,
13:04
Speaker 2: you know, hit that one hundred k, So maybe he's
13:06
Speaker 2: a little bit nervous. Is this the best time to
13:08
Speaker 2: be buying bitcoins? So how do we just keep the
13:10
Speaker 2: bitcoin that we kind of already have. You know, I
13:12
Speaker 2: think it's more of a safe thing on there. But
13:15
Speaker 2: you know, I think it's good and I think it
13:17
Speaker 2: You don't want kind of the narrative to be just,
13:20
Speaker 2: you know, one hundred percent, we're going to buy it
13:22
Speaker 2: all right now and you know, go crazy until the
13:25
Speaker 2: cows come home. We want a little bit of cautious optimism,
13:28
Speaker 2: which I think is good, you know what I mean.
13:31
Speaker 1: Yeah, yeah, I'm looking at some of the questions coming through.
13:34
Speaker 1: We do have a poll, though, I want to go
13:35
Speaker 1: to real quick. Let's take a look at the poll,
13:38
Speaker 1: and it's in reference to this what happens at the
13:40
Speaker 1: Crypto Summit on all coins, strategic reserve, no crypto taxes,
13:45
Speaker 1: or nothing happens. Thirty eight percent is the leading and
13:49
Speaker 1: that's the one that I think people are kind of
13:51
Speaker 1: leaning in on, other than no crypto taxes, which is
13:54
Speaker 1: something that people were asking now. Cobec reported on that
13:57
Speaker 1: just here today, and that is that no capital gains
14:00
Speaker 1: tax exemptions are expected to be discussed, being no tax
14:04
Speaker 1: exemptions are going to be on the table tonight, or
14:07
Speaker 1: at least according to the White House, so they obviously
14:10
Speaker 1: are going to be covering the agenda there. And we're
14:12
Speaker 1: also starting to get a lot of variation on the
14:15
Speaker 1: people that are attending the event, and that in itself
14:19
Speaker 1: is going to be I think something that will be
14:22
Speaker 1: intriguing because it will say a lot to the market
14:24
Speaker 1: of who is present in the room, who's not present
14:28
Speaker 1: in the room, et cetera. A couple other things has
14:30
Speaker 1: been forty five minutes. This was in reference to Trump's remarks,
14:34
Speaker 1: and that's when we saw the S and P absolutely crater.
14:37
Speaker 1: Is there anything in the S and P five hundred
14:39
Speaker 1: right now when you look at cryptorelator, whether it's MicroStrategy, Coinbase, Robinhood,
14:44
Speaker 1: even Nvidia to a certain extent, is there anything that
14:47
Speaker 1: you're saying, Hey, most of those have corrected down pretty significantly. Robinhood,
14:52
Speaker 1: micro Strategy all down, even Coinbase, but Robinhood and MicroStrategy
14:56
Speaker 1: down over thirty I think almost forty percent over the
14:59
Speaker 1: last few months. Is there anything you would consider in
15:02
Speaker 1: the SMP that is crypto related right now?
15:06
Speaker 2: I think microstr I mean, I think ETH will probably
15:08
Speaker 2: outperform micro Strategy in the coming months, hopefully, you know,
15:12
Speaker 2: if you really believe in ETH. But MicroStrategy, I think
15:14
Speaker 2: is a good bye. I think all of the above
15:16
Speaker 2: you mentioned are pretty good buys unless you think we're
15:18
Speaker 2: going into recession here. Generally, this is what happens around
15:23
Speaker 2: the beginning actually March of the last kind of post
15:26
Speaker 2: having your last post election year as well. March of
15:28
Speaker 2: twenty one, you saw a lot of things come down,
15:30
Speaker 2: such as the Nasdaq S and P five or one
15:32
Speaker 2: hundred as well. So I wouldn't be nervous yet. I
15:35
Speaker 2: think these are great buys. Even Tesla's down at least
15:38
Speaker 2: forty percent right now, which I think is probably a
15:41
Speaker 2: great buy. So unless you think things are going to
15:44
Speaker 2: get really ugly, you know, we're talking recession, we're talking
15:47
Speaker 2: potential you know, worst things going on with Russia, Ukraine,
15:52
Speaker 2: than is probably going to be able to recover. And
15:54
Speaker 2: I think with the amount of fear I'm seeing, in
15:56
Speaker 2: all likelihood we should recover. I could be wrong, but
15:58
Speaker 2: I think we will recover.
15:59
Speaker 1: Here, Evan, the Dixie is coming off its top, which
16:02
Speaker 1: was right back here in early January, and we've seen
16:05
Speaker 1: a pretty big significant drop in that. In the past,
16:08
Speaker 1: this has been very good for risk assets. Do you
16:11
Speaker 1: feel like this is going to hold? Including gold? Is
16:14
Speaker 1: this going to hold right now? And what happens if
16:17
Speaker 1: we do get into these all time lows? If you
16:19
Speaker 1: look at this over time, this is on the daily
16:22
Speaker 1: but I mean even back in what was that September,
16:25
Speaker 1: we had hit a low that was prior to the election.
16:29
Speaker 1: That seemed to be the low that we were bouncing
16:31
Speaker 1: off all the way through previous of when Biden was
16:35
Speaker 1: in office where we were seeing all time highs into that.
16:39
Speaker 1: But really, if you go all the way back here
16:41
Speaker 1: into February of twenty twenty two, was the last time
16:45
Speaker 1: we really saw some big cuts. What is your position
16:48
Speaker 1: right now on where the Dixie plays into this as
16:52
Speaker 1: opposed to the entire risk asset market.
16:56
Speaker 2: I think when I look at my Dixie chart right here,
17:00
Speaker 2: I think it's in trouble. I mean, you have the
17:01
Speaker 2: trigger waves to the downside. You're seeing another one right here,
17:04
Speaker 2: came down, kim down, came down. We're pricing it a
17:06
Speaker 2: little bit of a bounce, like you mentioned, so maybe
17:09
Speaker 2: a little bit of a recovery, and that if this
17:11
Speaker 2: comes up a little bit more, that could be the
17:13
Speaker 2: case for a little bit more down in big one,
17:15
Speaker 2: maybe seventy two K, maybe seventy three K. But I
17:18
Speaker 2: think generally with more rate cuts coming, potential quantitative tightening ending,
17:23
Speaker 2: I think this generally will be headed more downward. I mean,
17:28
Speaker 2: you came up all the way and then twenty two
17:29
Speaker 2: came down a lot. I think you should at least
17:31
Speaker 2: into the end of the year, get back to these
17:34
Speaker 2: numbers that we were in twenty twenty three, you know,
17:36
Speaker 2: something like this into middle or end of the year,
17:39
Speaker 2: and I think that should be well well over enough
17:41
Speaker 2: to bring that big one back up to new all
17:43
Speaker 2: time highs, probably one twenty maybe even one fifty K.
17:47
Speaker 2: So I think this is all we need is to
17:49
Speaker 2: get the Dixie back down to this level, which shouldn't
17:51
Speaker 2: be too hard to trigger a nice all coin season
17:54
Speaker 2: and trigger a new all time high for bitcoin.
17:56
Speaker 3: So that's what I'm thinking.
17:57
Speaker 1: Right, Okay, So speaking of all coins go, this is
18:00
Speaker 1: a situation I think though a lot of fund managers
18:03
Speaker 1: are trying to figure out, is where do they go.
18:05
Speaker 1: We were just on call last night with several fund
18:09
Speaker 1: managers that are starting to dip their toe into crypto,
18:12
Speaker 1: specifically because of this summit and really because of Trump
18:17
Speaker 1: signing the executive order that says, hey, bitcoin's a strategic reserve. Now,
18:23
Speaker 1: we had a plan, you know, call on this, and
18:26
Speaker 1: it was it was intriguing to me to see how
18:28
Speaker 1: much they were doing in terms of dumping stocks. And
18:31
Speaker 1: if you look at this bar chart, hedge funds have
18:34
Speaker 1: bun dump stocks over the past two weeks, fastest pace
18:37
Speaker 1: in history. So with that happening, could we see people
18:40
Speaker 1: working more into gold, more into bitcoin, and possibly looking
18:46
Speaker 1: at some other assets maybe in the top ten of
18:49
Speaker 1: crypto as far as all coins. What are your thoughts.
18:53
Speaker 3: All the above?
18:54
Speaker 2: Yeah, I think there's that money has to go somewhere,
18:57
Speaker 2: you know, and if it's not US dollar, it's probably
18:59
Speaker 2: going to be coin, it's probably going to be gold.
19:01
Speaker 2: I think all of those things will do pretty well
19:04
Speaker 2: as well. And I mean, obviously we know hedge funds
19:07
Speaker 2: don't always get it right, so them having a big
19:10
Speaker 2: sell off could be sort of a bottom signal as well.
19:14
Speaker 2: So I mean, it doesn't really scare me too much.
19:17
Speaker 1: Okay, let's go into some of the all coins that
19:20
Speaker 1: I want to talk about today. Obviously x Let's take
19:22
Speaker 1: a look at XRP, because XRP is another one that
19:25
Speaker 1: will be impacted here along with bitcoin and ethereum. For
19:30
Speaker 1: what we're seeing around these strategic reserves. What does your
19:33
Speaker 1: XRP chart show us?
19:35
Speaker 2: So when we look at XRP right here, the first
19:39
Speaker 2: thing I look at here, I like on the four
19:41
Speaker 2: day trigger wave kind of similar to some of the
19:43
Speaker 2: trigger waves for me on bitcoin e theory, and your
19:45
Speaker 2: money flow is not the best coming down a little bit.
19:47
Speaker 2: But I think especially in a post having here, this
19:50
Speaker 2: could be a.
19:51
Speaker 3: Nice catalyst upward.
19:52
Speaker 2: Now, obviously you're going to get diminished returns from this,
19:55
Speaker 2: you know, I don't think it's going to go up
19:56
Speaker 2: four hundred percent again, that would be nice, but I
19:58
Speaker 2: don't think it's going to happen. But you know, maybe
20:00
Speaker 2: doing half of that or a quarter that giving us
20:03
Speaker 2: a rally up to four dollars in potentially it's going
20:06
Speaker 2: to take longer probably you know, mid year at the
20:09
Speaker 2: earliest end of year.
20:10
Speaker 3: Those are the big kind of place.
20:12
Speaker 2: Number that I'm looking at for a jump up a
20:16
Speaker 2: little bit higher here on XORP, potentially up to you
20:19
Speaker 2: know that four point five four dollars fifty cents area.
20:23
Speaker 2: You could see more consolidation. I mean, this month could
20:25
Speaker 2: be a little bit more sideways. I think it's going
20:27
Speaker 2: to be a gradual increase. But I think XORP is
20:30
Speaker 2: generally going to do pretty well into the end of
20:33
Speaker 2: the year. I think at least we're going to break
20:35
Speaker 2: up from this pocket right here, which that gives us
20:39
Speaker 2: you know, five point seven, so a little over a
20:42
Speaker 2: double into the end of the year, I think is
20:44
Speaker 2: a great goal for this. So yeah, could take time though,
20:47
Speaker 2: be patient with it.
20:48
Speaker 3: All right.
20:48
Speaker 1: So I've got I got the team working on some
20:52
Speaker 1: numbers in the background because we're looking at three or
20:54
Speaker 1: four different projects right now. One that I'm looking at
20:58
Speaker 1: is Sweet and this is one that has made big announcements.
21:02
Speaker 3: You know.
21:02
Speaker 1: Their big claim was their partnership with Word Liberty Phi
21:06
Speaker 1: Canary Capital also as registered for a Suite ETF okay,
21:09
Speaker 1: so there's a lot of things happening with swe just
21:13
Speaker 1: at full disclosure SWEE as a channel partner. My question
21:16
Speaker 1: though is on Suite when you look at this strategy,
21:20
Speaker 1: they're American crypto, much like many of these others that
21:24
Speaker 1: have started to kind of you know, circle around the
21:28
Speaker 1: not only the Summit, but just in general around d C,
21:30
Speaker 1: which I think we're going to see more and more
21:32
Speaker 1: of those. Do you like this long term? It has
21:35
Speaker 1: been one that has overperformed. Do you feel like it
21:38
Speaker 1: will slow down going forward or do you feel like
21:41
Speaker 1: this is just set up for maybe a big win.
21:44
Speaker 2: Well, I mean, after what we saw it do, it's
21:46
Speaker 2: obviously going to slow down a little bit at least,
21:48
Speaker 2: But I do think that after this drop off, you know,
21:53
Speaker 2: there's a good after this fifty percent fifty six percent correction,
21:56
Speaker 2: there's a good shot you could have another rally, you know,
21:59
Speaker 2: so diminished returned version of this, maybe you know, half
22:03
Speaker 2: of that, you know, repeating that maybe up to somewhere
22:07
Speaker 2: between six seven dollars into the summer into the next
22:11
Speaker 2: few months, and then kind of a boring summer, a
22:13
Speaker 2: lull right there, and continuing forward maybe up to even
22:16
Speaker 2: ten dollars. So I mean, what could this do? Maybe
22:19
Speaker 2: a three to four x into the end of the year,
22:21
Speaker 2: nothing insane for crypto, but I still think there's a
22:25
Speaker 2: here at doing some cool things, and you know, nice
22:28
Speaker 2: wave kind of forming right here in the five day.
22:31
Speaker 2: We could consolidate a little bit more in the next
22:34
Speaker 2: month or so, but I think into April and onward
22:36
Speaker 2: you should generally be upward and then having a nice
22:40
Speaker 2: you know, trajectory upward into the end of the year.
22:42
Speaker 2: So it generally still looks strong in the charts. You know,
22:45
Speaker 2: I wouldn't put all your eggs and one wouldn't put
22:47
Speaker 2: all my eggs in one basket. But I think there's
22:49
Speaker 2: a good shot of recovery. Whether this is the bottom
22:52
Speaker 2: here at two thirty or whether we go down to,
22:55
Speaker 2: you know, two dollars one ninety five, I wouldn't get
22:57
Speaker 2: too nervous unless we lose a dollar ninety year. So
23:00
Speaker 2: I think there's a lot of potential for recovery.
23:03
Speaker 1: All right, So one ninety kind of the point to watch,
23:06
Speaker 1: and just for you guys that have tuned in, the
23:08
Speaker 1: Crypto Summit has been they're talking about dropping it here
23:13
Speaker 1: this afternoon. Then they're talking about an eight o'clock timeframe.
23:16
Speaker 1: I anticipate that Trump's probably going to try to do something.
23:19
Speaker 1: They've been moving this data around or this time around
23:22
Speaker 1: all day, so it's not live yet. If it is
23:24
Speaker 1: and they do decide to go live on it, we're
23:27
Speaker 1: cueued up ready to be able to broadcast that to
23:29
Speaker 1: you guys, so stick around for that. On that, I
23:32
Speaker 1: want to talk about Hadera. Hadera is another one that
23:35
Speaker 1: was not necessarily mentioned in the beginning, but at the
23:39
Speaker 1: same time, another company that is US based. We've seen
23:43
Speaker 1: a lot of people talking about Hbar and their new
23:46
Speaker 1: board member, which is Brian Brooks. This guy's been around
23:50
Speaker 1: the industry for quite some time and we've seen at
23:53
Speaker 1: a lot of the big exchanges. Now he's saying that
23:57
Speaker 1: this particular researcher says that, hey, we think Brian's going
23:59
Speaker 1: to in d C. Here's something I think is happening
24:03
Speaker 1: is that I think there's a lot of chains out
24:05
Speaker 1: there that are saying we're going to go to the summit.
24:07
Speaker 1: They may not necessarily be in the room, but they're
24:10
Speaker 1: going to be in d C. They probably meet with
24:11
Speaker 1: other lawmakers, et cetera. So they aren't necessarily saying something
24:15
Speaker 1: that's not true. But I think it's insinuated. But when
24:19
Speaker 1: you look at Hadera right now, is this a token
24:22
Speaker 1: that you would go with as an investment?
24:26
Speaker 2: I think so, and you know, diversified with a lot
24:29
Speaker 2: of others. You know, you're hitting a big point right here,
24:32
Speaker 2: he kind of you know, this is one where it's
24:34
Speaker 2: like it just went crazy all of a sudden.
24:36
Speaker 3: You basically almost got up to all.
24:38
Speaker 2: Old all time highs right here. You know, just a
24:41
Speaker 2: huge set eight x eight hundred percent out of nowhere.
24:45
Speaker 2: Can you repeat this and get up to a dollar
24:48
Speaker 2: into the end of the year. I think there's a
24:49
Speaker 2: decent shot, and you know, this nice little trigger wave
24:52
Speaker 2: on the five day. We'll see what happens with this.
24:54
Speaker 2: It could take some time to play out, but I
24:56
Speaker 2: think that should at least bring you back up to
24:58
Speaker 2: these all time highs, maybe floating around that new all
25:01
Speaker 2: time high, and then if you could break above there,
25:03
Speaker 2: then your next target is going to be at our
25:06
Speaker 2: next point, which is going to be around ninety four cents,
25:08
Speaker 2: which could be if you think this could make a
25:11
Speaker 2: new all time high, that's the big area to look at,
25:13
Speaker 2: so trajectory into maybe this summer. You know, maybe it's
25:17
Speaker 2: hard to say, maybe it'll take a little bit longer,
25:19
Speaker 2: but I would say hopefully by midsummer you can get there.
25:21
Speaker 2: Early summer you could get there, then maybe a little
25:24
Speaker 2: bit of correction, and then into the end of the
25:27
Speaker 2: year hopefully. My big goal on this could be around
25:30
Speaker 2: a dollar fifty. So what is that four or five
25:32
Speaker 2: six acts from here? Yeah, and a six acts could
25:34
Speaker 2: be the highest I could see it going. So, you know,
25:37
Speaker 2: I think there's a good shot. You know, I think
25:38
Speaker 2: there's a good shot of you know, we saw the
25:39
Speaker 2: consolidation pull back, maybe repeating a jump up, a little
25:42
Speaker 2: more pulled back in summer, then one more jump up.
25:45
Speaker 3: I think there's a lot of potential here.
25:46
Speaker 1: So yeah, all right, you heard it?
25:49
Speaker 3: H what is it?
25:51
Speaker 1: Bar Aarians or barbarians? I always mess that up. But
25:56
Speaker 1: the point is is that Adera has been a good one. Listen,
25:59
Speaker 1: We've seen a lot. We did a Hadera video the
26:01
Speaker 1: other day, and just the amount of innovation and also
26:04
Speaker 1: partnerships that they've been able to connect to. They're definitely
26:07
Speaker 1: one that has been able to perform, and they have
26:09
Speaker 1: been performing. The token has been performing here recently. So
26:12
Speaker 1: it's a good one for if you guys are brand
26:14
Speaker 1: new in crypto, this might be a good one for
26:16
Speaker 1: you to set on. And it's somewhat neutral, doesn't have
26:19
Speaker 1: these massive run ups and rundowns. By the way, if
26:22
Speaker 1: you're not subscribed to the channel, make sure and do
26:24
Speaker 1: that right now. Guys, subscribe to the channel. And if
26:27
Speaker 1: you haven't followed Evans show, you just search Evanaldo over
26:31
Speaker 1: on YouTube. I'll bring his channel up here in a minute,
26:35
Speaker 1: but go over there. He does a couple of live streams.
26:36
Speaker 1: Are you still live streaming while you're traveling?
26:39
Speaker 3: Yes? I am not every but I am yes.
26:41
Speaker 1: I'm trying to get their live streams in. He does
26:43
Speaker 1: some good live streams on trading. If you want to
26:45
Speaker 1: learn a little bit more about how to enter and
26:47
Speaker 1: exit trades, he does a lot there. I want to
26:50
Speaker 1: jump over to chain Link and I've got a clip
26:52
Speaker 1: for you. This is Sergei talking about what he's expected.
26:55
Speaker 2: Now.
26:55
Speaker 1: One thing about this particular CEO from chain Link is
27:00
Speaker 1: that he's going to be in the room and here's
27:03
Speaker 1: what he had to say.
27:04
Speaker 7: Take a look holistically, the point of the summit, I think,
27:09
Speaker 7: is to figure out how does the US acquire a
27:12
Speaker 7: leadership position globally in this new trend. The US had
27:17
Speaker 7: a leadership position at the beginning of the Internet. It
27:20
Speaker 7: was many years ahead of other economies other parts of
27:24
Speaker 7: the world, and being ahead in the Internet gave the
27:28
Speaker 7: US a big advantage because many of the applications, technologies,
27:32
Speaker 7: companies that grew out of the Internet then started to
27:36
Speaker 7: define the US economy and the global economy, because indeed,
27:39
Speaker 7: the Internet was a better way of doing things than
27:42
Speaker 7: doing them on paper. Understand the blockchain industry and chains
27:46
Speaker 7: and cryptocurrencies are a similar, similar sized evolution and so
27:52
Speaker 7: the US wants to once again be the leader in
27:55
Speaker 7: that evolution.
27:57
Speaker 1: All right, So that is SERGEI from chain Link. If
28:01
Speaker 1: you look at the charts, and you have to remember,
28:02
Speaker 1: chain Link has done some recent partnerships with Swift, which
28:06
Speaker 1: is a arch enemy of Ripple. When you look at
28:09
Speaker 1: money transmitting and what that means for moving big amounts
28:13
Speaker 1: through the banking systems worldwide, it's interesting that you've got
28:17
Speaker 1: Ripple and chain Link in the same room. So I'm
28:20
Speaker 1: just saying that's something to keep an eye on right there.
28:22
Speaker 1: Let's talk about the chart though. When you look at
28:24
Speaker 1: chain Link right now, it's been up, it's been down.
28:28
Speaker 1: This has been a lot more volatile than I expected.
28:30
Speaker 1: What do you like or don't like about chain Link?
28:35
Speaker 2: So the first thing when I see chain Link just
28:37
Speaker 2: very base or traditional, TA would sit show us one
28:42
Speaker 2: of my favorite patterns, continuation bullish pattern or bullish pattern
28:45
Speaker 2: in general, reverse head and shoulders. Right here, that's the
28:49
Speaker 2: big place thirteen dollars that you kind of want to
28:51
Speaker 2: keep between thirteen and twelve, I would say, so if
28:54
Speaker 2: we can keep that, and I think we might hear
28:57
Speaker 2: you know, you have this kind of wave forming right here,
29:00
Speaker 2: kind of similar to back. You know, one of these areas.
29:03
Speaker 2: You know, it's a potential trigger to that anchor wave
29:05
Speaker 2: right there that could bring us on a nice kind
29:08
Speaker 2: of ride here. And if you could repeat something of
29:10
Speaker 2: this nature, you know, that could be toying with new
29:14
Speaker 2: all time highs before July, end of June, you could
29:19
Speaker 2: have a nice rally here, catching a lot of people
29:21
Speaker 2: off guard. I think it is possible, you know, that
29:23
Speaker 2: same wave kind of forming on that weekly that one
29:26
Speaker 2: was a dud you did come down farther. It is
29:27
Speaker 2: possible that it could be a dud and you come
29:29
Speaker 2: down to eight dollars. I kind of don't think so.
29:32
Speaker 2: I think there's possibility to continue forward, and I think
29:35
Speaker 2: there's a lot of potential a chain links. So if
29:36
Speaker 2: you can hit off of this area, you know, our
29:39
Speaker 2: first big stop is going to be back to twenty
29:41
Speaker 2: eight dollars, hopefully in a few months, by the end
29:44
Speaker 2: of May, and then hopefully end of June, you could
29:47
Speaker 2: be a little bit higher, toying with new all time highs.
29:49
Speaker 2: Probably best case scenario, maybe those all time new old
29:53
Speaker 2: all time highs give us a little bit of you know,
29:55
Speaker 2: a problem there into the summer and then you have
29:58
Speaker 2: that summer lull that we typically see and hopefully, just
30:01
Speaker 2: hopefully you can get up to eighty dollars by the
30:03
Speaker 2: end of the year. That's a big point. So I
30:06
Speaker 2: think there's a lot of potential here. I like what
30:08
Speaker 2: I'm seeing, you know, I think in a few weeks
30:10
Speaker 2: we're really going to know are we going to hold
30:11
Speaker 2: that thirteen fourteen dollars or are we going to go lower?
30:14
Speaker 2: I think March is pretty crucial. We'll see what happens
30:17
Speaker 2: in the next few weeks, all.
30:19
Speaker 1: Right, So we're so good for chain Link because I
30:22
Speaker 1: think this we have a lot of chain Link members
30:25
Speaker 1: in the audience and they're always really kind of pumping
30:28
Speaker 1: that token. We are going to Also, I'm going to
30:31
Speaker 1: drop some news here on XRP a little bit later,
30:34
Speaker 1: so make sure to stick around for that. We're going
30:37
Speaker 1: to be doing something special. I think you guys will
30:39
Speaker 1: want to be aware of. Let's go over to Avalanche now,
30:42
Speaker 1: and when you think about Avalanche, this has been one
30:45
Speaker 1: This is eman going since there. So he is the
30:48
Speaker 1: CEO of a vaccent when you look our avalaps, when
30:52
Speaker 1: you look at Avalanche right now, not a performer. This
30:56
Speaker 1: one has been very disappointing. We've got a lot of
30:58
Speaker 1: traders that are just not in love with Avalanche anymore.
31:02
Speaker 1: Are you still in love with Avalanche though?
31:06
Speaker 2: Well, I don't think I'm in love with any all coin.
31:08
Speaker 2: You know, it's all about diversification, because if you fall
31:11
Speaker 2: in love with anything in life, you're always going to
31:13
Speaker 2: be disappointed.
31:13
Speaker 3: That's how it works. But uh, you know, anyway, true right.
31:19
Speaker 2: There, I think there's a lot of potential of jumping up,
31:23
Speaker 2: you know, repeating some situation like here or even back
31:26
Speaker 2: like there. That was what I was looking at back
31:28
Speaker 2: from October twenty three. If we can follow this general
31:31
Speaker 2: trajectory right here, that's toying with hopefully a new all
31:35
Speaker 2: time high by later summer, and then maybe you can
31:39
Speaker 2: jump up to these big points that are like two
31:42
Speaker 2: hundred and thirty dollars, which would be over a ten
31:45
Speaker 2: x I mean just getting yeah, that would be over
31:47
Speaker 2: a ten x right there, which would be really good
31:49
Speaker 2: and most important place. The thing that we want to
31:52
Speaker 2: look at right now, we want to hold make a
31:55
Speaker 2: higher low. That's really what we want to do. We
31:57
Speaker 2: want to make a higher low from what we saw
32:00
Speaker 2: on August. If you're just going down and losing this area,
32:03
Speaker 2: going down to say, you know, back down to like
32:06
Speaker 2: fourteen dollars not the best look. So it would get
32:09
Speaker 2: a little bit worried some of the odds of making
32:11
Speaker 2: a new all time high this year would go down.
32:13
Speaker 2: But I like the wave right here, very similar to
32:16
Speaker 2: December of twenty three in a post having year, you know,
32:19
Speaker 2: I wouldn't doubt this. I think something definitely could be brewing.
32:22
Speaker 2: And I think you may see a lot of green
32:25
Speaker 2: months ahead this year.
32:26
Speaker 1: So yeah, okay, a lot of green months. So you're
32:29
Speaker 1: still very bullish on the market in general? Is there
32:33
Speaker 1: anything that you're not bullish on? You know, when you
32:35
Speaker 1: look at all coins, would you step away from gaming?
32:39
Speaker 1: Would you step away from AI or deepen any segment
32:43
Speaker 1: that you would stay away from right now? Based on
32:46
Speaker 1: what you're looking at.
32:47
Speaker 3: H.
32:48
Speaker 2: I would say, just don't get caught up in the
32:50
Speaker 2: nonsense all the mean coins. You know, we're just hoping
32:53
Speaker 2: that kind of ends somewhere that money can go into,
32:55
Speaker 2: like real projects. Don't get caught up and you know
32:57
Speaker 2: that type of stuff. I think AI he's got a
33:00
Speaker 2: lot of potential. I think gaming's fine. I mean, it's
33:03
Speaker 2: hard to say, you know, I mean one set, there's
33:05
Speaker 2: gonna be one sector that's probably not going to do
33:08
Speaker 2: as well as the rest. It's hard to say which one.
33:11
Speaker 2: I would kind of guess that maybe the gaming stuff,
33:14
Speaker 2: maybe the NFT's ordinal stuff, will make a nice rebound.
33:18
Speaker 2: Maybe some of that money that went into the memes
33:19
Speaker 2: will go towards that. And maybe AI would be a
33:23
Speaker 2: little bit of a disappointment because there's already a lot
33:25
Speaker 2: of money into that, there's a lot of hype behind that.
33:27
Speaker 2: But I could be completely wrong. It's hard to say,
33:30
Speaker 2: but I would just say, I'm just see be careful
33:33
Speaker 2: with the memes obviously.
33:36
Speaker 1: All right, Just a quick update on a tweet from
33:39
Speaker 1: Eleanor here. She's talking to Eleanor Terra. If you guys
33:42
Speaker 1: don't follow her over on Fox. She's doing a great job.
33:44
Speaker 1: She's their crypto reporter. This is what she's been able
33:46
Speaker 1: to confirm so far. We've got the majority whip there,
33:50
Speaker 1: most of them A sixteen Z still there. Mara is
33:53
Speaker 1: going to be their bitgo Mike Bell. She's been on
33:55
Speaker 1: our show. You got garling House coming in quite a
33:59
Speaker 1: few Surprised that we don't have more, of course, there's
34:03
Speaker 1: Vlad from Robin Hood, Brian Armstrong Wisdom Tree also just
34:07
Speaker 1: confirmed that they would be there. Chain Link of course
34:11
Speaker 1: or Liberty five, which I expected, and Bigcoy Magazine interesting.
34:15
Speaker 1: Still a roster that has been shuffled around. I'm wondering
34:18
Speaker 1: if there's going to be like maybe a warm up
34:21
Speaker 1: section before they go into the full summit, or if
34:23
Speaker 1: this is going to kind of be one of those
34:25
Speaker 1: cabinet meetings going into it. I don't know. One of
34:28
Speaker 1: them that is missing there, of course is Ada Cardono,
34:32
Speaker 1: and of course we saw that yesterday. Also Solana not
34:36
Speaker 1: represented here. When you look at Solana right now and
34:40
Speaker 1: in the charts itself, with everything that's been happening with Solana,
34:44
Speaker 1: which has had a good run down and then also
34:47
Speaker 1: a great run up, is this one you still like
34:50
Speaker 1: long term?
34:53
Speaker 3: Yeah?
34:53
Speaker 2: I mean Solana, I mean, we know it's probably not
34:55
Speaker 2: gonna do higher market CAB It's probably not gonna do
34:58
Speaker 2: as well as something like an EVAC just not the
35:00
Speaker 2: volatility there. But Salana down almost sixty percent. I think
35:04
Speaker 2: it's generally a goodbye. You know, when you look at
35:06
Speaker 2: this weekly, you're forming you know, similar trigger wave to
35:09
Speaker 2: what we saw back here September of twenty four. You know,
35:12
Speaker 2: I guess it could be a dud like this when
35:14
Speaker 2: you came down a little bit lower and then it
35:15
Speaker 2: kind of played out. You could even go back a
35:17
Speaker 2: little bit more if you want to be really bullish
35:20
Speaker 2: and look at what happened here in September of twenty three.
35:23
Speaker 2: A lot of the coins do look like that as well.
35:25
Speaker 2: So maybe a diminished return version of this, I mean,
35:28
Speaker 2: this would be a crazy high number. That would be
35:30
Speaker 2: the highest I could see it potentially going into the
35:32
Speaker 2: end of the year or privy round, you know. Six
35:34
Speaker 2: to eight hundred would be that kind of you know,
35:37
Speaker 2: that kind of lane right there. If we want to
35:38
Speaker 2: be a little bit more conservative, let's say, you know,
35:43
Speaker 2: mapping this out like this trajectory I think would be
35:45
Speaker 2: a nice safe bet into June July hopefully making a
35:49
Speaker 2: new all time hye here, and then continuing forward into
35:52
Speaker 2: September hopefully four hundred and then big place and a
35:56
Speaker 2: year that would be six fifty five.
35:58
Speaker 3: So you know, I mean from.
35:59
Speaker 2: Where we are right now, you know, one where we
36:02
Speaker 2: won fifty about three hundred percent still could be in
36:06
Speaker 2: the on the cards. I would be a little bit
36:09
Speaker 2: more conservative. Probay try to take chips up the table
36:11
Speaker 2: run four hundreds because Solana is still such a big
36:14
Speaker 2: market cap. I mean, yeah, you know, there's a lot
36:16
Speaker 2: of other coins that probably will perform it. But I
36:19
Speaker 2: wouldn't get too bearish. And I mean if we do
36:21
Speaker 2: go down lower here, I mean the big place is
36:23
Speaker 2: going to be at one twenty, then huge, huge area
36:25
Speaker 2: one hundred. I really don't think you would go below
36:28
Speaker 2: one hundred.
36:29
Speaker 1: That's well, yeah, and I think but six fifty five
36:32
Speaker 1: year end prediction there, that's a that's still a very
36:35
Speaker 1: strong position in most of because I'm obviously trading around
36:39
Speaker 1: one fifty right now. So for those who have maybe
36:43
Speaker 1: not purchased in let's talk about that for a second. Evan,
36:46
Speaker 1: if you were going to put a bag together right now,
36:48
Speaker 1: brand new crypto investor, because we have some watching, If
36:53
Speaker 1: you're going to put a bag together, how would you
36:54
Speaker 1: construct it? What would you do? Give me the layout
36:58
Speaker 1: and kind of the balance of the portfolio.
37:02
Speaker 2: So I would probably put even numbers in a lot
37:04
Speaker 2: of you know, different stuff, you know, if it's all
37:06
Speaker 2: all coins, you know, I would put some Solana, Avax,
37:10
Speaker 2: chain Link definitely, and then maybe you know a few others.
37:14
Speaker 2: I mean, if we're if we're considering to eat to
37:16
Speaker 2: be an hall coin in this scenario, definitely some eth
37:18
Speaker 2: I think is a good place. Off the top of
37:21
Speaker 2: my head, I mean, what would you mention.
37:24
Speaker 1: What would be your diversification of bitcoin in that portfolio?
37:28
Speaker 3: Oh? Big point in that portfolio?
37:31
Speaker 2: I mean yeah, and then in a post having year,
37:34
Speaker 2: you could be a little lighter, maybe just fifty percent bickcoin.
37:37
Speaker 2: In a post having year, maybe just fifty percent. Or
37:39
Speaker 2: if you want to be real degenerate, maybe no bitcoin.
37:42
Speaker 2: For some people that are really true, But that's risky
37:44
Speaker 2: compared to what we've seen, so it really depends. I mean,
37:47
Speaker 2: my bigcoin holdings are kind of low right now, but
37:50
Speaker 2: we'll see if that turns So far that hasn't been
37:52
Speaker 2: the best idea, so well, we'll see if that turns
37:55
Speaker 2: out well. But I mean, would yeah, I mean a
37:57
Speaker 2: post having your fifty sixty percent pick win, it's.
37:59
Speaker 1: A okay, would you enter into bitcoin right now as
38:03
Speaker 1: it's trading today?
38:06
Speaker 3: Yes?
38:06
Speaker 2: I think ultimately, you know you're not gonna you know,
38:09
Speaker 2: you're probably not going to get a three X. We're
38:11
Speaker 2: probably not going to go up to two hundred k,
38:13
Speaker 2: But can you get up to one twenty or one fifty?
38:15
Speaker 2: Can you get a nice return that will pray app
38:17
Speaker 2: or from this and P five hundred and nas deck
38:18
Speaker 2: into the end of the year. Absolutely, But if I
38:21
Speaker 2: wanted to, you know, at least double or triple my money,
38:24
Speaker 2: I probably wouldn't bother with big Win. I'd prabay bother
38:26
Speaker 2: with Ebrium or others, or I'd have half bigcoin off pins.
38:31
Speaker 1: And I think to your point is that there's a
38:33
Speaker 1: lot of investors out there that have gone to cash positions,
38:37
Speaker 1: gold positions, trying to walk away from tech stocks, and
38:41
Speaker 1: they're trying to figure out what is the alternative. So
38:43
Speaker 1: if bitcoin can give us the kind of yields we're
38:46
Speaker 1: talking about by end of year, this could be the
38:49
Speaker 1: safe haven that we do get a chance. Now that
38:51
Speaker 1: we see a strategic reserve here by the US, we
38:55
Speaker 1: also see the potential. My anticipation is we'll probably to
38:58
Speaker 1: see a major G seven or G twenty that's going
39:01
Speaker 1: to follow suit. When that occurs, that will be intriguing
39:05
Speaker 1: because most of those they may have some bitcoin that
39:07
Speaker 1: they could go back to and say, yeah, we're going
39:09
Speaker 1: to go with stuff that we've done, but they may
39:12
Speaker 1: also go in and buy bitcoin, maybe for the very
39:15
Speaker 1: first time. I know Anthony Pompiano has talked about that
39:18
Speaker 1: several times that he thinks it's going to go for sure.
39:22
Speaker 1: A couple other things I want to hit on, which
39:24
Speaker 1: are a little bit. NASDAC now offering twenty four hour
39:27
Speaker 1: trading on its stock exchange, so this is going to
39:30
Speaker 1: go into effect here in Q two. Do you think
39:34
Speaker 1: this is going to make a big difference in because
39:38
Speaker 1: right now when I'm trading on the weekends, I'm almost
39:40
Speaker 1: always traded, well always trading crypto. Do you think it
39:44
Speaker 1: will pull away from the crypto markets now that we
39:46
Speaker 1: get a three to sixty five option for being able
39:49
Speaker 1: to trade on the stock exchange.
39:54
Speaker 3: That's a good question.
39:55
Speaker 2: I mean, we all knew that this was inevitable, twenty
39:58
Speaker 2: four hour training the Nasdaq. I think it may a
40:00
Speaker 2: little bit, but there's still more restrictions on generally Nasdaq
40:05
Speaker 2: trading that a lot of people into crypto don't want
40:08
Speaker 2: to take on. I feel like crypto is still a
40:10
Speaker 2: lot of that fringe audience that doesn't want to just
40:13
Speaker 2: switch over to the NASDACK immediately. So I don't think
40:17
Speaker 2: it's going to take too much away from crypto overall.
40:20
Speaker 2: I don't think it's going to have too significant of
40:22
Speaker 2: a difference.
40:23
Speaker 1: All right. So one thing, I you know, and going
40:26
Speaker 1: back and looking at the uh your your portfolio, because
40:30
Speaker 1: I was, as you were saying, I was kind of
40:32
Speaker 1: like tinging together here with some portfolio analysis. One thing
40:35
Speaker 1: you missed was Ripple. You didn't put XRP in there.
40:40
Speaker 2: Yeah, I mean, I look, I think that I'd rather
40:43
Speaker 2: I'd rather buy Solana.
40:44
Speaker 3: I'd rather buy Solana right now.
40:45
Speaker 1: Okay, So you're saying Solana over XRP and Solana over
40:50
Speaker 1: or Avax over XRP. Is that what you're saying.
40:53
Speaker 3: I make sure this both of those. I think.
40:56
Speaker 2: So maybe I'm wrong diversification though, it's all about diversification.
40:59
Speaker 2: I'm I don't have a problem with Ava with the XRP.
41:02
Speaker 2: I just think there's there's other coins they'll do better,
41:05
Speaker 2: like chain length, like Avav's, like Solano. Like I forgot
41:08
Speaker 2: to mention, sweet, that's a good one evenue portfolio too.
41:10
Speaker 1: Twee is there.
41:12
Speaker 3: Yeah.
41:12
Speaker 1: I know everybody's asking about my portfolio, but I can
41:14
Speaker 1: tell you most of the tokeses we talk about obviously
41:17
Speaker 1: we look at all of these and I hold most
41:19
Speaker 1: of them, including some bitcoin. Yeah, so it is something
41:23
Speaker 1: that I think diversification, to your point, is very critical
41:26
Speaker 1: right now, which most people do not put enough weight
41:30
Speaker 1: in right now because I think a lot of people
41:32
Speaker 1: go so far into single investments. Those are the ones
41:36
Speaker 1: that are riskiest to me, whether you're your cardinal holder,
41:39
Speaker 1: an h BAR holder, an XRP holder, you should always
41:42
Speaker 1: diversify and even diversify outside the asset class, you know,
41:46
Speaker 1: which is another thing that you know, I know you
41:48
Speaker 1: don't do enough of evan that getting assets outside the
41:51
Speaker 1: class itself, which is something that you need to get
41:54
Speaker 1: exposure to. Would you buy gold today.
41:58
Speaker 2: I wouldn't buy. I think you would do better with
42:00
Speaker 2: the NASDAK. I mean the thing with gold is like
42:02
Speaker 2: if buying gold today would be like kind of asking me,
42:05
Speaker 2: are we going to go into a recession or not?
42:07
Speaker 2: If I knew we were going to go into a recession,
42:09
Speaker 2: which I don't think we will, I would say to
42:11
Speaker 2: buy gold. I think the nasdack down what eleven percent
42:14
Speaker 2: is a much better value than gold, at least from
42:17
Speaker 2: what I'm looking at. I think there's things that outperform it.
42:20
Speaker 2: So I mean, I'm not a big gold guy. I'd
42:22
Speaker 2: rather put that money the bigcoin or the nest.
42:24
Speaker 1: Yeah right, okay, so definitely there. I know we've got
42:27
Speaker 1: a poll coming in. I'm looking at the gold chart though, Evan, Man,
42:30
Speaker 1: this is crazy gold chart right now. Even though it
42:33
Speaker 1: started to.
42:33
Speaker 3: Move back up.
42:34
Speaker 1: We may see a three thousand dollars gold before long.
42:37
Speaker 1: We're going to be talking to Andy Scheckner. I know
42:39
Speaker 1: next week, a big lineup next week of a lot
42:43
Speaker 1: of interviews. We're going to be talking next to our petfs.
42:46
Speaker 1: We've got Andy Scheckner talking gold possible, all coin scenarios
42:52
Speaker 1: that could play out, a handful of investments going in
42:55
Speaker 1: that direction. So lots going on there. By the way,
42:58
Speaker 1: let's go to the poll real quick before where we
43:01
Speaker 1: cut here, Let's sick a look, Paul, all right, what's
43:02
Speaker 1: the best crypto summit play? Right now? Everybody's saying buy
43:06
Speaker 1: USA coins or hold and do nothing. There you go,
43:11
Speaker 1: USA coins are holding do nothing, which I think most
43:13
Speaker 1: people watching our show would say that. We have a
43:17
Speaker 1: lot lean in on your camera there, Evan, you're losing
43:20
Speaker 1: your focus. There you go, You've got one of those
43:23
Speaker 1: cameras that's constantly moving in and out anyway. So for
43:28
Speaker 1: those of you don't forget. By the way, we've got
43:30
Speaker 1: news on the Crypto Summit. It looks like they're going
43:33
Speaker 1: to air it tonight at eight pm, so they've moved
43:37
Speaker 1: it and the likelihood is that. One thing that I
43:39
Speaker 1: wanted to announce to you guys before, actually let me
43:42
Speaker 1: show you Evans go over and follow him over on YouTube.
43:44
Speaker 1: You can find him right there and Evan Aldo right
43:48
Speaker 1: there is the guy. And don't forget subscribe to his channel.
43:54
Speaker 1: You're at seventeen K man, you've been flying. What's going
43:57
Speaker 1: on here?
43:58
Speaker 3: Are you giving away stuff?
44:00
Speaker 2: No? He just you know, just hanging in there.
44:06
Speaker 3: You know. I like it doing what I've always been doing.
44:08
Speaker 3: So we'll get up to twenty k pretty soon. Yeah.
44:11
Speaker 1: One thing I wanted to announce for many of you
44:13
Speaker 1: guys that may not know, I'm going to be attending
44:15
Speaker 1: the XRP Las Vegas event. This is going on during
44:18
Speaker 1: the Bitcoin event out there. They're not a partner of
44:21
Speaker 1: the channel or anything. We're just going out there to
44:24
Speaker 1: cover a lot of the XRP news along with Bitcoin
44:26
Speaker 1: that will be in Las Vegas. So end of May,
44:28
Speaker 1: we may end up hanging out at a few pop
44:33
Speaker 1: ups that are happening. So if you guys are in
44:35
Speaker 1: Vegas during that week, which is going to be a
44:37
Speaker 1: big week, and Evan, are you joining me there, you're
44:40
Speaker 1: going to be there.
44:40
Speaker 3: For that, Yeah, I'll be in Vegas. Yeah, I think
44:42
Speaker 3: the XRP is right. Yeah, I'll definitely definitely, it's like yeah, yeah,
44:45
Speaker 3: it's like right.
44:46
Speaker 1: On the on the butt end. Well, then good, we'll
44:48
Speaker 1: get some we'll get in the because we're going to
44:50
Speaker 1: have a media booth there and we'll be doing a
44:52
Speaker 1: lot of podcasts from there and going live with a
44:56
Speaker 1: lot of interviews for sure. All right, guys, if you
44:59
Speaker 1: not are are of course I'm not subscribed to the
45:01
Speaker 1: channel by now. That's the last thing that you can
45:04
Speaker 1: do is subscribe, and of course hit like on this
45:06
Speaker 1: video if you're catching this maybe after the live stream.
45:10
Speaker 1: And Evan, thanks for coming in today. We appreciate it.
45:13
Speaker 3: Always a pleasure to be on. Thanks for having me,
45:15
Speaker 3: you bet, you bet.
45:16
Speaker 1: Listen, guys, last thing, if you're not in the Diamond circle,
45:18
Speaker 1: get in. It's our own private member group. We also
45:21
Speaker 1: leave a link down below that goes to our telegram
45:23
Speaker 1: group that is a Diamond Circle telegram group, and it's
45:28
Speaker 1: the one that I am involved in. I'm in there
45:30
Speaker 1: every day. It's the only one we use for that specifically,
45:34
Speaker 1: So you guys can, of course just catch it down
45:36
Speaker 1: below and follow me out there on X at Paul Baron.
45:39
Speaker 1: We'll catch you next time right here on Techpath