Latest / The Paul Barron Crypto Show / Trump Shocks Market With Tariff Reversals📈Crypto Market Update

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Trump Shocks Market With Tariff Reversals📈Crypto Market Update · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Trump is setting up to shock the markets with a
• 0:08
  Speaker 1: lot around the tariff news, but there's so much more
• 0:11
  Speaker 1: you guys don't want to miss it. My name is
• 0:12
  Speaker 1: Paul Barren. Welcome back in the tech path. Let's get started.
• 0:14
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• 0:17
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• 0:22
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• 0:34
  Speaker 1: your crypto journey. And if you're brand new to crypto,
• 0:37
  Speaker 1: get out there and get you a few coins, buy
• 0:39
  Speaker 1: some bitcoin, a little bit of everything.
• 0:40
  Speaker 2: Just go for it. Let's go here, guys.
• 0:43
  Speaker 1: Big news just in white House says it's trade team
• 0:47
  Speaker 1: is meeting with thirty four countries this week to negotiate
• 0:51
  Speaker 1: new deals. There's a ton of deals that are on
• 0:54
  Speaker 1: the floor already agreed to, and another like eighty countries
• 0:57
  Speaker 1: that have a deal in principle. This is moving quickly
• 1:02
  Speaker 1: and very fast.
• 1:02
  Speaker 2: But the biggest news of the day. Is this right here?
• 1:05
  Speaker 1: China says it's open to resuming trade talks with the
• 1:08
  Speaker 1: United States.
• 1:09
  Speaker 2: They came in and now.
• 1:11
  Speaker 1: We see the setup with Trump of course meeting with
• 1:14
  Speaker 1: Gigiping next month. Maybe everyone we are finally at the
• 1:18
  Speaker 1: point of retracing these markets.
• 1:21
  Speaker 2: I want to go to this clip right here.
• 1:22
  Speaker 1: This is Trump talking about these fair deals that everybody's getting.
• 1:26
  Speaker 3: Take a look, and it'll be a fair deal for everybody,
• 1:30
  Speaker 3: and it'll be I think it's a process. It's going
• 1:32
  Speaker 3: to go pretty quickly. We're going to be very good
• 1:34
  Speaker 3: to China, have a great relationship with President Chi and
• 1:37
  Speaker 3: I think they're going to be happy, and I think
• 1:39
  Speaker 3: we're going to live together very happily and ideally work together.
• 1:43
  Speaker 3: So I think it's going to work out very well.
• 1:45
  Speaker 3: One hundred and forty five percent is very high. It
• 1:47
  Speaker 3: won't be that high. Not going to be that high. No,
• 1:50
  Speaker 3: it won't be anywhere near that high. But no, it's
• 1:52
  Speaker 3: at one hundred and forty five percent. There will not
• 1:54
  Speaker 3: be anywhere near that number. It'll come down substantially, but
• 1:57
  Speaker 3: it won't be zero. Are wanting to play hardball with
• 2:03
  Speaker 3: I'm not going to say I'm not going to say, oh,
• 2:04
  Speaker 3: I'm going to play hardball with China. I'm going to
• 2:06
  Speaker 3: play hardball with you President She No, No, We're going
• 2:10
  Speaker 3: to be very nice.
• 2:12
  Speaker 1: Hey, listen, that's all that I think the Chinese we're
• 2:14
  Speaker 1: looking for is a little bit of respect. They understand
• 2:17
  Speaker 1: there is a trade and balance. They're not These guys
• 2:19
  Speaker 1: are smart people. But I think Trump is in a
• 2:22
  Speaker 1: position now he can either win this or he can
• 2:24
  Speaker 1: blow it now. Right now, he's retraced pretty quickly off
• 2:28
  Speaker 1: of where he was. But for him to move in
• 2:31
  Speaker 1: this position, he is good for markets. We're already starting
• 2:33
  Speaker 1: to see that. Obviously, Bitcoin up to almost ninety five
• 2:36
  Speaker 1: ninety four as we were speaking. Here's a clip right
• 2:39
  Speaker 1: quick on Scott Besstt. This will get into a little
• 2:41
  Speaker 1: bit more of the details.
• 2:42
  Speaker 4: Take a look what I have said previously. There is
• 2:46
  Speaker 4: an opportunity for a big deal here that the US
• 2:51
  Speaker 4: is looking to rebalance two more manufacturing. The identity of
• 2:57
  Speaker 4: that would be less consumption. If China is serious on
• 3:03
  Speaker 4: less dependence on export lead manufacturing growth and a rebalancing
• 3:09
  Speaker 4: toward a domestic economy. I think they use the term
• 3:13
  Speaker 4: dual circulation. Well, it's right now, it's really singular circulation.
• 3:19
  Speaker 4: And if they want to rebalance, let's do it together.
• 3:23
  Speaker 4: This is an incredible opportunity. I think if the Bridgewater
• 3:29
  Speaker 4: founder Ray Dalio were to write something, he could call
• 3:32
  Speaker 4: it a beautiful rebalancing.
• 3:35
  Speaker 1: All right, So there is something here that is worth mentioning.
• 3:39
  Speaker 2: And I think this.
• 3:40
  Speaker 1: Is maybe a intriguing analysis in the sense of when
• 3:46
  Speaker 1: you look at rebalancing manufacturing. Let's just assume that the
• 3:49
  Speaker 1: US comes to a deal with China, it looks like
• 3:52
  Speaker 1: it's going to happen, and you have some rebalancing. China's
• 3:56
  Speaker 1: over here saying yeah, you know, our trading balance is there.
• 3:58
  Speaker 1: We see that we're going to going to really grow
• 4:00
  Speaker 1: in this area where I'm afraid that China will grow
• 4:05
  Speaker 1: is in the AI side of things. That is a
• 4:08
  Speaker 1: completely different strategy. If they move their efforts off of
• 4:12
  Speaker 1: manufacturing you know, plastic parts for the US markets and
• 4:16
  Speaker 1: say yeah, you can have that, and they focus all
• 4:19
  Speaker 1: of that effort on AI. Have we just set China
• 4:23
  Speaker 1: up to get in more productivity into one of the
• 4:27
  Speaker 1: most advanced and most important technologies that we have ever
• 4:31
  Speaker 1: experienced as a human race.
• 4:33
  Speaker 2: I don't know.
• 4:33
  Speaker 1: Maybe we have overplayed a hand here right now, unless,
• 4:37
  Speaker 1: of course, the United States is gearing up, you know,
• 4:40
  Speaker 1: in a big way to really start to move heavily
• 4:42
  Speaker 1: into AI development.
• 4:43
  Speaker 2: I think that's a big factor.
• 4:45
  Speaker 1: Now, what's another thing that you have to worry about
• 4:47
  Speaker 1: right now with the markets? Well, the other issue was,
• 4:49
  Speaker 1: of course chair Palell he was on the hot seat
• 4:52
  Speaker 1: or isy.
• 4:53
  Speaker 2: Take a look at this clip.
• 4:56
  Speaker 3: None whatsoever, Never did he press runs away with things.
• 5:01
  Speaker 3: Now I have no intention of firing him. I would
• 5:04
  Speaker 3: like to see him be a little more active in
• 5:06
  Speaker 3: terms of his idea to lower interest rates. Just a
• 5:09
  Speaker 3: perfect time to lower interest rates. If he doesn't is
• 5:13
  Speaker 3: at the end to know it's not, but it would
• 5:15
  Speaker 3: be good timing. But no, I have no intention to
• 5:17
  Speaker 3: fire him.
• 5:19
  Speaker 2: Well, I don't understand it's okay.
• 5:23
  Speaker 1: This clip shocks me because Trump has said he was
• 5:29
  Speaker 1: going to fire him, and now all of a sudden
• 5:30
  Speaker 1: he's okay.
• 5:32
  Speaker 2: Now I'm really confused here. This is the president of
• 5:35
  Speaker 2: the United States. Guys.
• 5:36
  Speaker 1: We probably need a little more clarity and a little
• 5:38
  Speaker 1: bit more confidence in how to deal with these situations
• 5:42
  Speaker 1: as they are. I'm sure it was a situation where
• 5:44
  Speaker 1: a bunch of his billionaire buddies called him up and said,
• 5:47
  Speaker 1: you fire Powell. That is a problem that shambles in
• 5:50
  Speaker 1: the market. And of course all of him and the
• 5:52
  Speaker 1: White House backtracking this right here. Not a good look
• 5:56
  Speaker 1: for President Trump in reality, not a good look, guys.
• 5:58
  Speaker 1: But let's just take a look at the timeline, and this,
• 6:01
  Speaker 1: of course was on April seventh, bad chair Pal, slow moving,
• 6:06
  Speaker 1: April fourteen, Trump Admin thinking of a successor, and then
• 6:10
  Speaker 1: April seventeenth, ched chair Pal will be out of here.
• 6:13
  Speaker 1: I mean that sounds like you're out of here, you're fired, okay,
• 6:16
  Speaker 1: and then he's a major loser. That's just insults. I'll
• 6:19
  Speaker 1: live with that one. And then today no intention to firepower.
• 6:24
  Speaker 1: This is a roller coaster of a ride coming out
• 6:27
  Speaker 1: of this White House right now. But while all of
• 6:30
  Speaker 1: that happened, one other thing happened. Bitcoin gets on a
• 6:35
  Speaker 1: rocket ship and starts launching up till around ninety four
• 6:38
  Speaker 1: k right now. It's pushing the total market cap for
• 6:42
  Speaker 1: crypto up to three trillion. And you look at a
• 6:44
  Speaker 1: couple of points in here, let me zoom in on
• 6:46
  Speaker 1: that for you, guys, it's really small. Despite this enthusiasm,
• 6:49
  Speaker 1: a lot of people are advising investors to exercise caution.
• 6:52
  Speaker 1: I think this is just normal and any of this
• 6:54
  Speaker 1: because there you know how bitcoin moves, It moves up
• 6:57
  Speaker 1: and then it retraces twenty percent.
• 6:59
  Speaker 2: Yes, it can happen.
• 7:01
  Speaker 1: Scott Besson also signaled that the de escalation with Beijing
• 7:05
  Speaker 1: with Trump, he downplayed the speculation about removing Chair Powell,
• 7:09
  Speaker 1: which I think it is clear now. They got some
• 7:12
  Speaker 1: phone calls. They got some phone calls. The White House
• 7:15
  Speaker 1: got some phone calls in the sense of get out
• 7:18
  Speaker 1: of my money. It feels like we've maxed out on
• 7:22
  Speaker 1: the tariff related fear. I agree with that to a
• 7:25
  Speaker 1: certain extent. But watch it, guys, Watch for these black swans,
• 7:28
  Speaker 1: watch for these crazy things that apparently are still coming out.
• 7:31
  Speaker 1: But maybe, just maybe Trump is settling back in and
• 7:36
  Speaker 1: is done with this shakunaw approach and is going to
• 7:39
  Speaker 1: start negotiating in a normal fashion that can be anticipated
• 7:45
  Speaker 1: to a certain extent by these markets.
• 7:47
  Speaker 2: Right here. US bitcoin et aps just went through a
• 7:51
  Speaker 2: shopping spree.
• 7:52
  Speaker 1: This is a big deal because another ten thousand bitcoin
• 7:55
  Speaker 1: was snapped up on April twenty seconds, biggest daily by
• 7:58
  Speaker 1: since his inauguration. And when you look at this on
• 8:02
  Speaker 1: where we were thinking was a little bit more quiet accumulation.
• 8:06
  Speaker 1: Now not so quiet, man. We are clicking along and
• 8:09
  Speaker 1: if you look at the ETFs right here, that's the ethereum.
• 8:11
  Speaker 1: But look at this one. Look at that that chart
• 8:14
  Speaker 1: right there, that's the Bitcoin ETF total inflow nine hundred
• 8:18
  Speaker 1: and twelve million. Eth also took a nice little run,
• 8:22
  Speaker 1: though not even near what we're seeing right now at Bitcoin,
• 8:26
  Speaker 1: and a lot of people are looking at is there
• 8:29
  Speaker 1: maybe a strategy now where Eth could be in a
• 8:31
  Speaker 1: position to take on a little bit of a revenge run.
• 8:36
  Speaker 1: In terms of the market itself, Eth added another impressive
• 8:39
  Speaker 1: twelve percent to its market cap last twenty four on
• 8:42
  Speaker 1: chain data points to only modest resistance. This means we
• 8:46
  Speaker 1: could see another two k Eth coming in what off
• 8:48
  Speaker 1: zero or what if the zone gives away and moves
• 8:51
  Speaker 1: back toward a psychological two k. That's where I think
• 8:55
  Speaker 1: the reality of ethereum is until we see a true run,
• 8:59
  Speaker 1: and if ethereum does get past that, that may be
• 9:02
  Speaker 1: enough Jeff fuel to get it going into a bull run.
• 9:05
  Speaker 2: Let's go to a couple other points. This is interesting.
• 9:09
  Speaker 1: Besson is now saying that Trump is not offered to
• 9:11
  Speaker 1: take down US tariffs on China, even though the clips
• 9:14
  Speaker 1: said that he's willing to start working clearly and it's
• 9:17
  Speaker 1: not going to be near these crazy numbers that he
• 9:19
  Speaker 1: put on it. But I think they're throwing this two
• 9:23
  Speaker 1: to three year thing out just as kind of like
• 9:26
  Speaker 1: I don't want to develop any expectations. That's managing expectations.
• 9:31
  Speaker 1: That's a little extent. But you got to remember this
• 9:33
  Speaker 1: as Besson, he's a hedge fun guy. He understands manage expectations.
• 9:37
  Speaker 1: If they get it done in six months, they're going
• 9:39
  Speaker 1: to look like heroes. Oh we thought it was going
• 9:40
  Speaker 1: to take two or three years, but we're such good
• 9:42
  Speaker 1: deal makers, you know, we did it in six months.
• 9:46
  Speaker 1: That is how they're playing this. Just like one hundred
• 9:48
  Speaker 1: and forty five percent all was not really one hundred
• 9:50
  Speaker 1: and forty five percent. It's going to be much much
• 9:52
  Speaker 1: lower than that. So this is I don't know if
• 9:55
  Speaker 1: this is part of the deal or a used car salesman.
• 9:58
  Speaker 1: I'm not sure which it is. Over in crypto land,
• 10:01
  Speaker 1: you got PayPal of course, entering in a little bit
• 10:03
  Speaker 1: of a shake up right now. In the stable coin market,
• 10:06
  Speaker 1: they're adding in three point seven interest rewards. This is PayPal,
• 10:10
  Speaker 1: guys adding interest rewards on PYUSD. Times are changing banks.
• 10:18
  Speaker 1: Your time is up. You're going to have to get
• 10:20
  Speaker 1: in the game. PayPal is starting to move. Likelihood is
• 10:22
  Speaker 1: we're going to see Robin Hood right behind him on
• 10:24
  Speaker 1: their heels offering. What we will see is stable coin
• 10:29
  Speaker 1: yield in your exchange and brokerage accounts.
• 10:32
  Speaker 2: Be on the lookout for that. That's coming.
• 10:34
  Speaker 1: Let's go over to the SEC because Paul Atkins got
• 10:38
  Speaker 1: sworn in.
• 10:38
  Speaker 2: Take a look.
• 10:39
  Speaker 3: Paul has also been a leader in the emerging crypto
• 10:42
  Speaker 3: and blockchain industries and served as co chair of the
• 10:46
  Speaker 3: Digital Chambers Token Alliance. He's the perfect man to leave
• 10:50
  Speaker 3: this agency at the time when crypto innovators are urgently
• 10:54
  Speaker 3: in need of and they want so badly, they want
• 10:57
  Speaker 3: it to happen. Regulatory certainty and clear rules of the road.
• 11:02
  Speaker 4: So help me, guys, So help me God. Graduation.
• 11:07
  Speaker 1: All right, that is reality, people, It has set in.
• 11:11
  Speaker 1: We now have a pro crypto SEC chairman.
• 11:16
  Speaker 2: That is a big deal.
• 11:18
  Speaker 1: Just set back and take that in for a minute,
• 11:20
  Speaker 1: because this has been a hard two and a half
• 11:23
  Speaker 1: years with Gary Gensler at the head and the attack
• 11:27
  Speaker 1: and also choke point level of tactics that have been
• 11:31
  Speaker 1: pushed onto this market. You will see I believe a
• 11:35
  Speaker 1: face rapper coming into this next run. Of course, all
• 11:37
  Speaker 1: of this depends on, you know what we're going to
• 11:40
  Speaker 1: see in the macro markets. Yes, there's still pressure on inflation,
• 11:43
  Speaker 1: there's still pressure on a global environment, but this could
• 11:47
  Speaker 1: be the beginning of a little bit of a recovery.
• 11:50
  Speaker 1: So back to Larry Fink, he said that we've been
• 11:52
  Speaker 1: in a recession for a few months. Maybe that was
• 11:54
  Speaker 1: the shortest recession ever. We'll see how this all plays out.
• 11:58
  Speaker 1: President Trump also is hosting a with his two hundred
• 12:00
  Speaker 1: and fifty biggest holders of his meme coin Trump, So
• 12:03
  Speaker 1: he has delivered on a meme coin that.
• 12:05
  Speaker 2: Now has utility. The Trump token has utility.
• 12:10
  Speaker 1: You get to go to a dinner with Trump if
• 12:13
  Speaker 1: you hold the Trump token. This is crazy, that's cool
• 12:16
  Speaker 1: that it's happening.
• 12:17
  Speaker 2: Very nice.
• 12:18
  Speaker 1: Midas Touch of course jumps in on this. And this
• 12:21
  Speaker 1: is all about Tesla, and this is a big deal
• 12:24
  Speaker 1: because it relates to doge. And what I'm getting at
• 12:28
  Speaker 1: here is the net income in Q one plunged seventy
• 12:31
  Speaker 1: one percent. Global backlash everybody's talking about this. Elon Musk
• 12:35
  Speaker 1: takes its toll. It's been a problem right now. Some
• 12:38
  Speaker 1: of the research out there obviously is showing this. It
• 12:41
  Speaker 1: is going to happen. Elon Musk is going to reportedly
• 12:43
  Speaker 1: step down from DOGE and this will be a big deal, guys.
• 12:47
  Speaker 1: This will be huge for Tesla. Tesla of course, is
• 12:49
  Speaker 1: just bounced on that news alone, even though they were
• 12:52
  Speaker 1: losing money on their quarterly earnings, and Tesla in general,
• 12:57
  Speaker 1: all of their cars have been losing value.
• 12:59
  Speaker 2: In the market.
• 13:00
  Speaker 1: Crazy evs across the board are starting to really take
• 13:05
  Speaker 1: a hit, and of course, I think with Elon Musk,
• 13:06
  Speaker 1: the the willy Wonka of evs getting back into building
• 13:11
  Speaker 1: cars is gonna be a good thing. All right, Let's
• 13:13
  Speaker 1: jump over to charts real quick. We'll take a look
• 13:15
  Speaker 1: at a few things. Obviously, Bitcoin, nice move here on Bitcoin.
• 13:20
  Speaker 2: Over the last two weeks.
• 13:22
  Speaker 1: It has really come back with a vengeance. You look
• 13:25
  Speaker 1: at Ethereum also starting to break out of this trend
• 13:27
  Speaker 1: line that we're looking at right here on the daily
• 13:30
  Speaker 1: now up to eighteen hundred, which if we see that
• 13:33
  Speaker 1: two thousand, get ready, guys, we could see a big run.
• 13:36
  Speaker 2: Solana also on a nice move over the last two weeks.
• 13:39
  Speaker 1: Avalanche a little bit flat but is starting to see
• 13:41
  Speaker 1: a little bit of a breakout at around twenty two bucks.
• 13:44
  Speaker 1: Others that have been on the move has been Sweet
• 13:47
  Speaker 1: Sweet absolutely starting something big. Could we just see this
• 13:51
  Speaker 1: four dollars range starting to come back into potential here
• 13:55
  Speaker 1: on Sweet. You can kind of see a little bit
• 13:57
  Speaker 1: of erratic nature right now in the s and P
• 14:00
  Speaker 1: after this news that seems to be trending up at least,
• 14:04
  Speaker 1: because it looks like we've hit our bottom back here
• 14:06
  Speaker 1: on April eighth and April seventh to where we are
• 14:10
  Speaker 1: right now.
• 14:10
  Speaker 2: The other thing, Gold, of.
• 14:12
  Speaker 1: Course, retraced a big retrace, So kudos to you guys
• 14:15
  Speaker 1: that were out there shorting Gold, and I know a
• 14:17
  Speaker 1: few of you that were Total three also a breakout.
• 14:21
  Speaker 1: So this is all bullish news guys right now. And
• 14:24
  Speaker 1: if we take a look at Taesla. Let's go in
• 14:26
  Speaker 1: and take a look at Tasla real quick. There's the
• 14:28
  Speaker 1: bounce right there off the bottom. But look at this, guys,
• 14:31
  Speaker 1: two hundred and twenty dollars on Tasla. These are some
• 14:35
  Speaker 1: you know, I mean, you got to go back into
• 14:37
  Speaker 1: October of last year pre election, all of that juice
• 14:41
  Speaker 1: has been squeezed and we are now maybe at a
• 14:45
  Speaker 1: time where Tesla can do a little bit of a recovery. Overall,
• 14:49
  Speaker 1: this is kind of showing you some of the earnings.
• 14:51
  Speaker 1: But look at that. I mean, that's a chart that
• 14:53
  Speaker 1: might be setting up. And if Elon is getting back
• 14:56
  Speaker 1: in to building cars and building rockets, maybe there is
• 15:00
  Speaker 1: a move here.
• 15:01
  Speaker 2: And I don't know.
• 15:02
  Speaker 1: Will you guys forgive Elon for his misgivings in Doze
• 15:06
  Speaker 1: or was he just trying to do something? Well, let
• 15:08
  Speaker 1: me know in the comments. You guys, if you're not
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• 15:19
  Speaker 1: We'll catch you next time right here on tech Path