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Crypto Market Meltdown🔥How Much Longer? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today.
• 0:00
  Speaker 2: Let's get into the market meldown that is happening right now.
• 0:03
  Speaker 2: We are now below four trillion in market cap today
• 0:06
  Speaker 2: we'll break it down for you. My name is Paul
• 0:07
  Speaker 2: Bara will come back into the show. I want to
• 0:09
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• 0:30
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• 0:39
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• 0:53
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• 0:54
  Speaker 2: Let's go over to a couple of points I want
• 0:55
  Speaker 2: to hit on today. One of the biggest, of course
• 0:58
  Speaker 2: is bitcoin price is now nearing the one ten. Will
• 1:02
  Speaker 2: we see one ten or not is the question mark.
• 1:05
  Speaker 2: And this of course has been in a position that
• 1:07
  Speaker 2: I think a lot of people are looking at long term.
• 1:10
  Speaker 2: How does this play out. There's a lot happening around
• 1:14
  Speaker 2: the uncertainty ahead of Jerome Powell's speech in Jackson Hole.
• 1:18
  Speaker 2: This will of course give us some hopefully some sort
• 1:21
  Speaker 2: of clarity as to what we might see in September.
• 1:24
  Speaker 2: Bitcoin of course retrace seven and a half percent. It's
• 1:27
  Speaker 2: all time high from its all time high of one
• 1:29
  Speaker 2: twenty four to five set.
• 1:31
  Speaker 1: Just last week.
• 1:31
  Speaker 2: So let me know in the comments, do you guys
• 1:33
  Speaker 2: feel like we're going to hit a one ten on bitcoin.
• 1:36
  Speaker 2: We'll look at the charts here in a minute, but
• 1:37
  Speaker 2: I think the key is going to.
• 1:38
  Speaker 1: Be really all led by Powell.
• 1:41
  Speaker 2: Other things that are coming in that may not be
• 1:43
  Speaker 2: good for the markets at least from the FED standpoint,
• 1:45
  Speaker 2: could be good for risk assets. Is that Job's data
• 1:48
  Speaker 2: revisions are coming. This is the one I'm really concerned
• 1:51
  Speaker 2: with is the September ninth one, which is releasing its
• 1:54
  Speaker 2: preliminary benchmark revision, and now they're saying that this could
• 1:59
  Speaker 2: draw it as much as nine hundred and fifty thousand jobs.
• 2:03
  Speaker 2: That's how much we were wrong, and that would be
• 2:06
  Speaker 2: a significant hit. And of course, remember Powell has been
• 2:09
  Speaker 2: making decisions on no FED rate cuts based on a
• 2:13
  Speaker 2: lot of the BLS data that apparently was this kind
• 2:17
  Speaker 2: of inaccuracy. If he had known this maybe early on,
• 2:20
  Speaker 2: we probably would have got a cut in July. Now
• 2:23
  Speaker 2: I think he's in a position where he is in
• 2:26
  Speaker 2: a little bit of a rock in a hard.
• 2:27
  Speaker 1: Place, all right, So I want to go to a
• 2:28
  Speaker 1: clip real quick.
• 2:29
  Speaker 2: This is Bloomberg kind of referencing Besson's position on markets
• 2:33
  Speaker 2: and inflation.
• 2:34
  Speaker 1: Take a look.
• 2:35
  Speaker 3: So I can't read Scott Besson's minds. I don't know
• 2:38
  Speaker 3: whether he is consciously spouting nonsense consciously, but what he's
• 2:44
  Speaker 3: doing ultimately is just not okay. The comment he made
• 2:50
  Speaker 3: to our own colleagues on Bloomberg TV a week ago
• 2:53
  Speaker 3: that any model suggests that the FED funds rate should
• 2:57
  Speaker 3: be one hundred and fifty bits lower than it is
• 2:59
  Speaker 3: now was ridiculous. What you all of us know, there
• 3:06
  Speaker 3: is no argument that it should be that much lower.
• 3:09
  Speaker 3: It would be dangerous. If it were annoyed me, I
• 3:13
  Speaker 3: have to admit that I just looked at that and
• 3:15
  Speaker 3: that that's nonsense, because I did very hard to excuse that, because.
• 3:19
  Speaker 4: Really there are a lot of models out there that
• 3:20
  Speaker 4: say where the Fed funds should be, and you in
• 3:23
  Speaker 4: your column you cite a number of those, and none
• 3:25
  Speaker 4: of those really support the Fed fundrate should.
• 3:28
  Speaker 3: Be that much long none core inflation is above three
• 3:30
  Speaker 3: percent and rising, and in such circumstances, I really need
• 3:36
  Speaker 3: to have a good reason to season two.
• 3:39
  Speaker 2: Well, the reason if we are going to see it,
• 3:42
  Speaker 2: is going to be the absolute bismal job numbers, and
• 3:46
  Speaker 2: I can't. And again, this is the problem that you
• 3:48
  Speaker 2: deal with when you have rising inflation and rising unemployment,
• 3:52
  Speaker 2: which is what Powell now has.
• 3:55
  Speaker 1: In his conference.
• 3:55
  Speaker 2: And I think that is a factor because now some
• 3:58
  Speaker 2: of the indicators, if you look at the core inflation
• 4:02
  Speaker 2: rate right.
• 4:02
  Speaker 1: Now, he is right.
• 4:03
  Speaker 2: July we came in at three point one that was
• 4:05
  Speaker 2: hot compared to what our two point nine June data was,
• 4:09
  Speaker 2: and it's rising across that what was somewhat under control here.
• 4:14
  Speaker 2: So the real question is if tariff starts to take
• 4:16
  Speaker 2: a real effect on the market, And now what we're
• 4:19
  Speaker 2: in a position and is now we've got companies out
• 4:21
  Speaker 2: there laying people off and not rehiring, and that, of
• 4:24
  Speaker 2: course puts a lot of pressure on pal. Here's Jim Bianco.
• 4:28
  Speaker 2: He talks a little bit on kind of a lose
• 4:30
  Speaker 2: lose position for Powell.
• 4:31
  Speaker 1: Take a look at his press conference in July.
• 4:35
  Speaker 5: Jay Poll said three things, Government data is to gold standard,
• 4:38
  Speaker 5: and then we fired the BLS chief two days later,
• 4:41
  Speaker 5: So I'd like to hear him explain that one. He
• 4:43
  Speaker 5: then said that the labor market was okay, and then
• 4:46
  Speaker 5: two days later we got a massive downward revision till jobs,
• 4:50
  Speaker 5: and a week later we've got a very sticky producer
• 4:53
  Speaker 5: price index. That would sound like to me that Jay
• 4:56
  Speaker 5: Poul should go to Jackson holl and say I'm not
• 4:58
  Speaker 5: cutting rates in September. So if he's going to cut
• 5:01
  Speaker 5: rates in September, he's going to have to explain all
• 5:04
  Speaker 5: these other things. How does that all square with what
• 5:06
  Speaker 5: you said last month? And if he goes to Jackson
• 5:09
  Speaker 5: Hole Friday and he says I'm not going to cut
• 5:12
  Speaker 5: rates any better hire a lawyer because Donald Trump's going.
• 5:14
  Speaker 1: To fire on all right.
• 5:16
  Speaker 2: So a key point there with Bianco, who's been on
• 5:19
  Speaker 2: our show before, and he's been on both sides of
• 5:23
  Speaker 2: this in the sense of not cutting rates and also
• 5:25
  Speaker 2: cutting rates retail investors though still loading up on stocks,
• 5:29
  Speaker 2: and I think this is an interesting chart that retail
• 5:32
  Speaker 2: has been outpacing what is considered to be smart money,
• 5:36
  Speaker 2: where most of the smart money has left all of
• 5:38
  Speaker 2: those profits on the table as we've continued to see
• 5:41
  Speaker 2: the S and P five hundred continue to climb. And
• 5:44
  Speaker 2: I think that is the other thing that Pawell is
• 5:46
  Speaker 2: looking at is a very strong stock market right now.
• 5:49
  Speaker 2: But I look at it this way. Stock markets might
• 5:52
  Speaker 2: be strong, we may see scenarios where inflation is pegging up,
• 5:56
  Speaker 2: but the core issue on growth and GDP is built
• 6:00
  Speaker 2: around the American job market. And when you have a
• 6:02
  Speaker 2: job market that is as bad as it is right
• 6:04
  Speaker 2: now with the data that is now coming in, and
• 6:08
  Speaker 2: Bianco is right, with bad data that is now coming in,
• 6:11
  Speaker 2: then I think Pale only has one choice, and he's
• 6:14
  Speaker 2: going to have to deal with a higher than normal inflation.
• 6:17
  Speaker 2: This is something that and Darius Dale and I talk about,
• 6:20
  Speaker 2: and that is that three percent is probably the new normal,
• 6:24
  Speaker 2: and it is just a reality and the evolution of
• 6:27
  Speaker 2: market cycles and if pal can at least come to
• 6:30
  Speaker 2: grips with that, maybe that will consider a little bit
• 6:33
  Speaker 2: of a change and maybe where we start to see
• 6:36
  Speaker 2: some of this cutting onto other news this course, is
• 6:38
  Speaker 2: Wyoming stable Coin Commission launches their stable coin. This has
• 6:41
  Speaker 2: been the one we've reported on for over I think
• 6:44
  Speaker 2: a year and a half. We've had them on the
• 6:46
  Speaker 2: show talking about who are they going to choose. Well, finally, guys,
• 6:49
  Speaker 2: it's over and the frontier stable coin known as FRNT
• 6:54
  Speaker 2: is now available. The blockchains that they, of course chose
• 6:59
  Speaker 2: through their layer zero connection was Arbitram, Avalanche based, Ethereum, Optimism, Polygon,
• 7:05
  Speaker 2: and Solana, of which Cardono was not there. All right,
• 7:08
  Speaker 2: so let's jump over to the Salt conference, and that,
• 7:11
  Speaker 2: of course is the Wyoming Blockchain Symposium that's happening here
• 7:15
  Speaker 2: in the next couple of days. This, of course, is
• 7:17
  Speaker 2: what we're going to be all drooling over here in
• 7:19
  Speaker 2: a little bit, speakers. If you look at the lineup,
• 7:22
  Speaker 2: this is of course all the big guys rolling in
• 7:24
  Speaker 2: across the industry, including Paul Adkins coming in there as well.
• 7:29
  Speaker 2: Look at these sponsors, guys, this is crazy. All of
• 7:32
  Speaker 2: this all around digital assets. I think this is a
• 7:35
  Speaker 2: very interesting point of where we are in the market
• 7:39
  Speaker 2: right now. Everything is looming on what the FED is
• 7:43
  Speaker 2: going to do, and I think this is up next
• 7:45
  Speaker 2: for hopefully at least a stretch into the right direction.
• 7:49
  Speaker 2: Here is Scaramucci because he talked about this, and I
• 7:52
  Speaker 2: thought he had some interesting things to say.
• 7:54
  Speaker 6: Take a look smart to do this almost as a
• 7:57
  Speaker 6: shoulder event to to FED Chair J Powell, that was
• 8:02
  Speaker 6: the plan.
• 8:02
  Speaker 7: That was the plan, Andrew, and interestingly enough, under the
• 8:06
  Speaker 7: Biden administration, noa FED officials accepted the invitation last year,
• 8:11
  Speaker 7: but under the Trump administration, we've got three or four
• 8:14
  Speaker 7: of them, including FED Governor Waller Cumming. So we're very
• 8:18
  Speaker 7: excited about that. We've got a gathering of about five
• 8:20
  Speaker 7: hundred people, lots of C suite people here, so we're
• 8:24
  Speaker 7: hoping to make this an annual event. I just think
• 8:26
  Speaker 7: that that's generally good. I share Secretary Desson's view of
• 8:30
  Speaker 7: this that that's generally good for the US dollar. It means,
• 8:35
  Speaker 7: you know, more treasuries, more short term treasuries, demand for
• 8:39
  Speaker 7: those securities. But I also think it's going to bring
• 8:42
  Speaker 7: a wave of technological innovation.
• 8:44
  Speaker 5: Youar long Bitcoin wonder you love them?
• 8:46
  Speaker 6: Well, I was going to say, Anthony, interestingly, a Dovish
• 8:50
  Speaker 6: chair is good for your business, is good for crypto, right.
• 8:55
  Speaker 7: I would prefer Mama Bear.
• 8:57
  Speaker 1: I think.
• 8:57
  Speaker 7: I think bitcoin specifically is going to be fine in
• 9:00
  Speaker 7: any scenario, but I like the Mama bear fed, so
• 9:03
  Speaker 7: hopefully the president will pick the Mama Bear. We still
• 9:06
  Speaker 7: maintain our price target between one hundred and eighty and
• 9:09
  Speaker 7: two hundred thousand by year end, and I think it's
• 9:12
  Speaker 7: a I think that's a cautious price target. By the way.
• 9:16
  Speaker 2: All right, interesting price points there With Karamochi, I mean,
• 9:19
  Speaker 2: he is definitely all in. He's done some pretty interesting
• 9:21
  Speaker 2: things already, putting his fund on antokenizing within Avalanche, obviously
• 9:27
  Speaker 2: buying into where bitcoin is going, really into what I
• 9:31
  Speaker 2: think is terms of maybe a next generation event there
• 9:34
  Speaker 2: at the Wyoming blockchain event, and one of the things
• 9:37
  Speaker 2: that when you look at what Wyoming has been very
• 9:40
  Speaker 2: forward on, I still think that we're going to see
• 9:41
  Speaker 2: this in other states. But this is a cool component
• 9:44
  Speaker 2: of what front might look like in terms of use,
• 9:47
  Speaker 2: and the promise is huge instance of tax refunds, so
• 9:50
  Speaker 2: that's possibly they could go right into your card, which
• 9:53
  Speaker 2: is going to set there with your front token, which
• 9:55
  Speaker 2: is a stable coin streamline, social benefits, possibly there automative
• 9:59
  Speaker 2: ven payouts settle in seconds. Remember this gets away from
• 10:03
  Speaker 2: a lot of the retail component element that we talk
• 10:06
  Speaker 2: about here on this show a lot, and that is
• 10:08
  Speaker 2: the fees that masscard, Visa etc.
• 10:11
  Speaker 1: Charge retailers.
• 10:12
  Speaker 2: This is going to be a circumvent to that structure,
• 10:16
  Speaker 2: and I think that is another huge reason going forward.
• 10:19
  Speaker 1: And of course right there is Rain.
• 10:21
  Speaker 2: This is their card where you guys can actually participate
• 10:25
  Speaker 2: in this ecosystem. So we'll see how this plays out,
• 10:27
  Speaker 2: but it could be big. Other things I want to
• 10:30
  Speaker 2: hit on is Circle is now leading transactions on Polygon,
• 10:34
  Speaker 2: and we talked about this before. Polygon is absolutely exploding
• 10:38
  Speaker 2: here and there's a many reasons why I've de selected
• 10:41
  Speaker 2: Ethereum and just looked at Polygon. You see base Arbitrum
• 10:46
  Speaker 2: Polygon leading the stack right there in terms of Latin
• 10:50
  Speaker 2: American centralized exchanges by volume on what we're going to
• 10:54
  Speaker 2: see around stable coin. So this could be a big
• 10:58
  Speaker 2: deal for both Polygon, but also I think I think
• 11:00
  Speaker 2: it's just a good thing for in general adoption for
• 11:03
  Speaker 2: stable coins now, Ethereum is out shining Bitcoin again a
• 11:06
  Speaker 2: lot a couple of metrics that you have to kind
• 11:09
  Speaker 2: of look at here. One I want to kind of
• 11:10
  Speaker 2: get to is this right here. And that is not
• 11:13
  Speaker 2: only in spot trading but also on speculative bets. So
• 11:17
  Speaker 2: we're starting to see a more broadening of the market
• 11:19
  Speaker 2: around ETH and it's going to get interesting because we're
• 11:22
  Speaker 2: nearing that four K mark as we speak. I'll go
• 11:25
  Speaker 2: to the charts here in a second to take a
• 11:27
  Speaker 2: look at that. Ryan shan Adams coming over from Bankless,
• 11:31
  Speaker 2: he said, simply, get ready. We've compressed four years of
• 11:34
  Speaker 2: Michael Saylor buying pressure into forty days and all we
• 11:36
  Speaker 2: get is a price price pump for ants. Price pump
• 11:40
  Speaker 2: for ants means no all time high. But the point is,
• 11:42
  Speaker 2: are we still setting up for an eruption on ETH?
• 11:46
  Speaker 2: Let me know in the comments if you guys think
• 11:48
  Speaker 2: we are. And by the way, if you're not subscribed
• 11:50
  Speaker 2: to the show, make sure and do that right now,
• 11:52
  Speaker 2: just hit the little button. And also we do go live,
• 11:56
  Speaker 2: we might go live this week, so click that note
• 11:59
  Speaker 2: case bell and that way you'll get notifications.
• 12:01
  Speaker 1: When we do other things.
• 12:03
  Speaker 2: I want to show right here, as Tom Lee continues
• 12:05
  Speaker 2: to put pressure on a lot of the ethereum you know,
• 12:09
  Speaker 2: equity companies. And one of the things is that they
• 12:11
  Speaker 2: have now served to what is the top twenty most
• 12:15
  Speaker 2: traded US stocks And if you look at this, I
• 12:17
  Speaker 2: mean this is now in line with Coinbase, Alphabet, Netflix.
• 12:21
  Speaker 2: This is crazy that an eight treasury company has come
• 12:25
  Speaker 2: this far this fast. Remember this is less than three
• 12:29
  Speaker 2: months into the market of what we're going to see.
• 12:31
  Speaker 2: Imagine where we're going to see eth treasury companies in
• 12:34
  Speaker 2: the next twelve months. A lot of opportunity here going forward.
• 12:39
  Speaker 2: Other things that happened, if you guys didn't catch this,
• 12:41
  Speaker 2: was another eight treasury company. This interview right here was
• 12:44
  Speaker 2: with BTCS. They did something that was amazing, and that
• 12:48
  Speaker 2: is they launched the first ethereum dividends. So if you
• 12:51
  Speaker 2: were a stockholder of BTCS, you actually got forty cents
• 12:54
  Speaker 2: a share, and the stock was trading at around four bucks.
• 12:57
  Speaker 2: You got forty cents a share just to hold your BTCS.
• 13:01
  Speaker 2: So it kind of avoided the short sailors that were
• 13:04
  Speaker 2: happening out there. Just another innovative component that I think
• 13:08
  Speaker 2: we're going to see more of these companies do, and
• 13:10
  Speaker 2: of course this is all good for eth other things
• 13:13
  Speaker 2: that are happening. Suite, of course is now available to
• 13:15
  Speaker 2: trade on spot over on robin Hood, so this is
• 13:18
  Speaker 2: another big factor. Sue is fairly easy to get to.
• 13:21
  Speaker 2: I don't know that this will make a big splash,
• 13:23
  Speaker 2: but it is a big event because I think anytime
• 13:26
  Speaker 2: you have a new asset listed on Robinhood, it's good
• 13:29
  Speaker 2: for the asset, but it's also good for the market
• 13:31
  Speaker 2: because it opens up a lot more out there into
• 13:35
  Speaker 2: digital assets, and that's overall good.
• 13:37
  Speaker 1: All right.
• 13:37
  Speaker 2: So one other thing I want to hit on is,
• 13:39
  Speaker 2: of course President Trump's administration going after ten percent of
• 13:43
  Speaker 2: the Intel potential equity.
• 13:45
  Speaker 1: There's some reasons in this.
• 13:47
  Speaker 2: It's all based on the Chips Act, which was done
• 13:50
  Speaker 2: under the Biden administration, but they put in a clause.
• 13:52
  Speaker 2: I want to go to a clip real quick. This
• 13:53
  Speaker 2: is Howard Lucknett talking about the Intel deal. And I'll
• 13:56
  Speaker 2: comment here in a second, take a look.
• 13:58
  Speaker 4: The idea that that might then converted to an equity stake.
• 14:01
  Speaker 4: Is that how we should view it that ultimately that's
• 14:04
  Speaker 4: what you're talking to Intel about right now.
• 14:07
  Speaker 8: Yes, yes, I mean the President figures out that we
• 14:11
  Speaker 8: should get America should get the benefit of the bargain.
• 14:14
  Speaker 8: I mean that is exactly Donald Trump's perspective, which is,
• 14:17
  Speaker 8: why are we giving a company worth one hundred billion
• 14:20
  Speaker 8: dollars this kind of money? What are in it for
• 14:24
  Speaker 8: the American taxpayer?
• 14:25
  Speaker 4: Well, all right, you may be obvious to you. Do
• 14:27
  Speaker 4: you get governance here? By the way, once you're in
• 14:31
  Speaker 4: for ten percent?
• 14:32
  Speaker 8: Do you no, no, no, no, no, no no come on,
• 14:35
  Speaker 8: no no, no, what come on?
• 14:36
  Speaker 1: Stop that stuff.
• 14:37
  Speaker 8: It's not governance.
• 14:39
  Speaker 4: Get that.
• 14:39
  Speaker 1: I get that. I just asked you.
• 14:40
  Speaker 4: If you're going to get governance, you're ten percent of
• 14:42
  Speaker 4: the company.
• 14:43
  Speaker 1: You don't Why wouldn't you want some voting not voting? Okay,
• 14:48
  Speaker 1: no stop stop, don't over well I'm not overdoing it.
• 14:52
  Speaker 4: But you got a golden share on us Steel, So
• 14:54
  Speaker 4: it's not like impossible to imagine that you do want
• 14:57
  Speaker 4: some level of governance here if you're going to put
• 14:59
  Speaker 4: ten percent of taxpayer money into or that's ten percent
• 15:01
  Speaker 4: of the company taxpayer's money.
• 15:03
  Speaker 9: I'm sure you've read the journal Pushback already, the outbed page.
• 15:07
  Speaker 9: Once the government acquires a stake in Intel, politicians will
• 15:10
  Speaker 9: have an incentive to keep pouring on subsidies so they
• 15:13
  Speaker 9: wouldn't have to admit a mistake. This is corporate statism
• 15:16
  Speaker 9: and it rarely.
• 15:17
  Speaker 8: Does end well.
• 15:18
  Speaker 2: All right, So looking at that clip, first of all,
• 15:20
  Speaker 2: I don't understand what a Lotink's talking about. I mean,
• 15:22
  Speaker 2: at least he should have explained away what the situation is,
• 15:26
  Speaker 2: and that is that the Chips Act gave these grants.
• 15:28
  Speaker 2: These grants basically had a couple stipulations in it that said, hey,
• 15:32
  Speaker 2: until you got to do these things, if you don't,
• 15:34
  Speaker 2: we could have some equity position. I don't agree with that,
• 15:37
  Speaker 2: but it was dialed into the program on these subsidies
• 15:40
  Speaker 2: that happen. So yes, I agree in the sense that
• 15:44
  Speaker 2: this is corporate statism. I don't agree with that big government. No,
• 15:48
  Speaker 2: there's no reason on company or a government should own
• 15:51
  Speaker 2: any kind of equity in company.
• 15:52
  Speaker 1: So that's that's the argument. The problem is.
• 15:54
  Speaker 2: Is that Intel actually said yes to this, so they
• 15:57
  Speaker 2: were I won't say a dying company in terms of
• 16:00
  Speaker 2: a chip manufacturer, but they were in a position that
• 16:02
  Speaker 2: they had to do something. There's two ways that a
• 16:05
  Speaker 2: company has to yield stock or equity or assets, and
• 16:08
  Speaker 2: that's only through forfeit or seizure, and seizure is going
• 16:11
  Speaker 2: to happen when it's a bankruptcy or they've got they
• 16:13
  Speaker 2: owe back taxes, whatever it might be going in for
• 16:16
  Speaker 2: an active company, unless it's something to protect for military
• 16:20
  Speaker 2: usage or something that's going to better America in some way.
• 16:24
  Speaker 1: That's the only way.
• 16:25
  Speaker 2: That I think you would have government bailouts. Now you
• 16:28
  Speaker 2: would say, well, what happens in the bank industry all
• 16:30
  Speaker 2: the time? Yes, sometimes the too big to fail. Maybe
• 16:34
  Speaker 2: that was what the look was for Intel, because obviously
• 16:38
  Speaker 2: Nvidia has been handing them there behind for quite some time,
• 16:42
  Speaker 2: so I think this is an issue we still need
• 16:43
  Speaker 2: more chip manufacturers. Lutnik is absolutely that was just a
• 16:48
  Speaker 2: bad explanation, I think. But at the same time, it's
• 16:51
  Speaker 2: not a good look for Trump. The way he could
• 16:53
  Speaker 2: have done it is maybe gone in as the good
• 16:56
  Speaker 2: guy and said, listen, we don't want equity, but we
• 16:58
  Speaker 2: do want maybe that money back we've helped you. Maybe
• 17:03
  Speaker 2: you could actually pay us back those grants. Maybe that
• 17:05
  Speaker 2: would have been a good play, and that's good for
• 17:08
  Speaker 2: the American people. But there's no reason I think to
• 17:10
  Speaker 2: take in an equity position in these companies's that's just
• 17:14
  Speaker 2: anti capitalism in general. All right, Let's go to another point,
• 17:17
  Speaker 2: and that is the markets. Bitcoin, of course, holding it
• 17:20
  Speaker 2: around one thirteen right now on a solid daily candle,
• 17:23
  Speaker 2: but all down if you look at the track here
• 17:26
  Speaker 2: of where we are since the high.
• 17:28
  Speaker 1: This is a nice pullback.
• 17:30
  Speaker 2: I shouldn't say a nice, but a nice pullback of
• 17:32
  Speaker 2: around ten percent, which may open up some buying opportunities.
• 17:35
  Speaker 1: Guys.
• 17:35
  Speaker 2: Let me know, if you're grabbing a few tokens, if
• 17:37
  Speaker 2: you're looking at bitcoin, if you're taking a look at
• 17:39
  Speaker 2: eight hovering it around forty one hundred, this would be
• 17:43
  Speaker 2: one that I'm interested in. Of course, XRP dips now
• 17:46
  Speaker 2: down below three dollars for the first time really for
• 17:50
  Speaker 2: a while, since we've seen this reversal that happened right
• 17:53
  Speaker 2: back here at the beginning of August, and then of
• 17:56
  Speaker 2: course Solana setting in at one seventy seven right now.
• 17:59
  Speaker 2: I'm still looking at this one to probably come back
• 18:01
  Speaker 2: here and visit the run around one to seventy five
• 18:03
  Speaker 2: to the one seventy mark, which might open up an
• 18:05
  Speaker 2: opportunity for me, at least on salata. This is normal
• 18:10
  Speaker 2: market activity, guys. So if you're watching all of this
• 18:14
  Speaker 2: and you're thinking, this is it.
• 18:15
  Speaker 1: This is it?
• 18:15
  Speaker 2: Guys, Well, no, there's too many positive things. I think
• 18:18
  Speaker 2: the key here, though, still rides on the FED.
• 18:21
  Speaker 1: The FED is.
• 18:22
  Speaker 2: The trigger momentum here for not only crypto markets, but
• 18:26
  Speaker 2: I think a lot of asset markets, including real estate,
• 18:28
  Speaker 2: which will start to affect jobs. If you guys are
• 18:30
  Speaker 2: not part of the Diamond Circle, get in on that.
• 18:32
  Speaker 2: It's our own group and it's absolutely free. All if
• 18:35
  Speaker 2: you to do is click the link down below and
• 18:37
  Speaker 2: you'll be in, And of course follow me out there
• 18:39
  Speaker 2: on ex at Paul Baron. We'll catch you next time
• 18:41
  Speaker 2: right here on The Paul Baron Show.