Latest / The Paul Barron Crypto Show / Kamala's Vice President Will Be Pro-Crypto!🚨Josh Shapiro vs Pete Buttigieg️?🔥

Transcript

Kamala's Vice President Will Be Pro-Crypto!🚨Josh Shapiro vs Pete Buttigieg️?🔥 · The Paul Barron Crypto Show

• 0:05
  A lot of changes in the Democratic Party, and of course as a crypto
• 0:09
  only channel, we have to take a look at who would be the best
• 0:12
  play on the Democratic side for maybe the vice president nomination. We'll see how
• 0:16
  this all plays out. You guys love it. My name is Paul Barreon.
• 0:18
  Welcome back in the tech path. Let's get into it today, and
• 0:21
  of course a couple of topics I want to hit on is our sponsor I
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  tucked in on I Trust Capital. So check it out. Let's go over
• 0:47
  to a couple of things I want to hit on today on the issue of
• 0:51
  politicians in their stance on crypto. If you have not been following our show
• 0:55
  very long, you probably have seen this report on this quite a bit,
• 0:58
  and that is stand with crypto. You can search pretty much any politician out
• 1:03
  there with the exception of a few that we're going to be talking about today
• 1:07
  and get at least their position on crypto. A couple of points I want
• 1:11
  to hit on here. Polymarket kind of interesting right here, This is very
• 1:15
  intriguing to me. They of course penned that Biden would drop out of the
• 1:19
  race at eleven fifty six am their time allocated for the time change that was
• 1:23
  at about one fifty six pm. So you look at what the mainstream news
• 1:27
  was doing. CBS came in at two two, NBC and ABC also came
• 1:32
  in later. So essentially poly Market was ahead of all of our news media
• 1:37
  on what was going on, tied to what is happening in crypto almost real
• 1:41
  time. So that is pretty impressive when you look at this here. Of
• 1:45
  course, this tray is going to be in the Hall of Fame, and
• 1:49
  that was if you bet twelve thousand on Kamala Harris winning the twenty twenty four
• 1:53
  Democratic presidential nomination, if she in fact does, that's the seven hundred and
• 1:59
  sixty eight thousand to win ratio, so pretty big bet there. Now,
• 2:04
  of course, this all has to be done over at the Democratic National Convention.
• 2:08
  If you look at the Democratic VP nominee, and you start looking down
• 2:14
  the list, a couple of people show up that could potentially be construed as
• 2:19
  pro crypto or at least aware of crypto. Josh Shapiro is the leader right
• 2:23
  now, Boodoo Jeg And again, we're not in the position of saying that
• 2:28
  these guys are going to be the ones that are selected. What we're trying
• 2:30
  to just do is do the research find out how this might play out.
• 2:34
  Interesting right now, the bet is known right now on Pete Bouthajes with only
• 2:38
  six percent holding the potential, Shapiro coming in a twenty eight percent. Kamala
• 2:44
  Harris won't speak to Elizabeth Warren. That's kind of a good thing, I
• 2:46
  think if you are pro crypto. Warren has called Harris twice to apologize for
• 2:53
  her comments. Mainly it was a comments around the whole issue of her being
• 2:58
  capable of doing the job of the Price presidency, and this was early on.
• 3:01
  She of course has been refused. All right, So when you follow
• 3:05
  down Shapiro's track record, he's in a swing state Pennsylvania stronghold digital mining polluting
• 3:12
  the environment with Shapiro administration's support. In fact, that's not necessarily the case,
• 3:16
  Stronghold received over twenty nine million tax credits from the state over the last
• 3:21
  two years. This was in a lawsuit that was out there, So you
• 3:23
  look at that and then you look at some of the things that have actually
• 3:25
  been happening. And this, of course is strongholds position right here. We
• 3:30
  operate the best favable technology and they've done it pretty much, you know,
• 3:34
  carbon neutral. So this was a good move on Shapiro's part in the sense
• 3:39
  if you are supporting you know, bitcoin miners, and of course this is
• 3:44
  Stronghold right here. Stronghold has right now their business update on sixty one Bitcoin's
• 3:50
  mind, and you can kind of see pretty much a green position overall,
• 3:54
  Stronghold not necessarily doing that great right now from a stock percentage position right here.
• 4:00
  And of course I think this is bitcoin mining in general. If they're
• 4:02
  not diversified, these are the kind of things that do happen. Moving on
• 4:06
  here, and this of course is Warren and buddhaj Edge are split on big
• 4:11
  tech, and I think this is one of the big situation. Remember this
• 4:14
  was October of twenty nineteen when Warren and Buddhajedge were running for the candidacy of
• 4:19
  presidency and remembers they are also running against Kamala Harris as well. So the
• 4:24
  point was at that time is that Warren and buddhaj Edge were in polar opposites
• 4:30
  around pig Tech. Now there's been a couple of reasons of why, and
• 4:33
  I'll zoom in on this because the stances make sense in Buddhajet's Silicon Valley supporters.
• 4:38
  You'll notice a handful of names in here. Remember David Marcus. This
• 4:42
  is light Spark, which is a huge lightning platform. Now he was the
• 4:46
  head of Facebook Libra initiative, but even one of the volunteers worked at Maker
• 4:51
  Dow. So this is intriguing to me because at least Bouthajedge, I think
• 4:57
  understands what's going on here. I want to go to a clip real quick
• 5:00
  that gets into a little bit more detail because this was in reference to Mark
• 5:02
  Zuckerberg talking about Pete Buda Judge. Listen it writing shotgun, Facebook founder Mark
• 5:09
  Zuckerberg rolling with may Or Pete Buddha Judge were getting some good comments, by
• 5:13
  the way, and it was all live stream to millions. You have a
• 5:16
  pretty amazing story. Sure I don't know about amazing, but you have an
• 5:19
  amazing story. So I took him through downtown so we could see where we're
• 5:23
  up to with our smart streets. I wanted him to see what was going
• 5:27
  on with technology. It was a ride along with two friends who went to
• 5:30
  college at Harvard at the same time. The chat got personal, all right,
• 5:38
  So that's Zuck, you know, playing doing Zuck things. Zuck himself
• 5:41
  and his wife privately recommended staff. Again, this is back in twenty nineteen,
• 5:45
  so just take it for grainnas all. I don't know how this position's
• 5:48
  forward, but if you look at some of the things that Buddha Judge has
• 5:53
  been in charge of here recently heading the Department of Transportation, Budajetge currently on
• 5:59
  as a cabinet heading up to the Department of Transportation. This was a outline
• 6:02
  for operational concepts for distributed Ledger. Go down to page twenty one and you'll
• 6:08
  see that they actually start laying out an overview of how blockchain could be used
• 6:15
  in a variety of different ways. Blockchain based application providing multilink trip options you
• 6:21
  look at a mutable ledger stores for transactions. Further into this, they go
• 6:27
  into all sorts of scenarios around decentralized energy marketplace, even all the way into
• 6:32
  electric vehicles, and also tying that into an immutable ledger stores for transactions.
• 6:40
  So they understand the concept behind it. And I think there is some very
• 6:44
  good and this is most recent material. And then if you look at what
• 6:48
  is mentioned a lot within this report, right here, it was used in
• 6:53
  type of distributed ledger they're talking about ethereum. It was mentioned eleven times.
• 6:57
  Here was number three talking about also the distributed ledger on a different category of
• 7:02
  it. Then right here type of distributed ledger on EV batteries and grid loading
• 7:08
  and balancing. Keep going, this is where we're talking about the traceability of
• 7:13
  battery origin. All of this was ethereum and you can kind of just see
• 7:16
  all of this tied end too. Now does that mean that he's all in
• 7:21
  on understanding what the eth ecosystem can mean for big government? Maybe? I
• 7:28
  mean there is, This is a lot of pretty consistent work, and it
• 7:31
  definitely positions him at least in an understanding capacity of what's happening in blockchain,
• 7:36
  so that in itself is a good thing going forward. I want to go
• 7:41
  to another clip here because this is what Pete was talking about Pete was talking
• 7:44
  about in reference to supply chain, because this was a problem. If you
• 7:47
  remember back during COVID, many people thought we were going to have this massive
• 7:50
  disruption, supply chain was going to be needed to really enhance This is what
• 7:56
  he had to say, take a look. But we can assemble a picture
• 7:59
  that I don't think was available before because we have new methods of bringing data
• 8:03
  together so that we can look at fluidity, we can look at on time
• 8:05
  performance. You know, we've seen shipping rates come down considerably since two years
• 8:11
  ago. We think that's one of the big drivers in the disinflation that we've
• 8:13
  been seeing. You know, supply chains have become a household term. It's
• 8:16
  not just something for infrastructure buffs to talk about. But it was really as
• 8:20
  early as February of the president's first year that he had an executive order calling
• 8:26
  on the administration to take steps around supply chains. And the fact that you
• 8:31
  know, those most dire predictions didn't come through, that Christmas wasn't canceled.
• 8:35
  In fact, that throughput at those ports hidden all time high, right.
• 8:39
  But I think also all of the players from the private sector that the administration
• 8:43
  convened and sat down with saying Okay, what can we do to get through
• 8:46
  this historic disruption. This just shows a little bit of data and research of
• 8:52
  how they're thinking. And this is the most important thing because this will give
• 8:56
  us an indication so when we all go to vota there we're making the best
• 9:01
  informed decision we can. Other things to look at. This was the Transportation
• 9:05
  Department to examine consumer privacy issues with big airlines and he was trying to ensure
• 9:11
  that airlines are being good stewards of again sensitive passenger data, which would apply
• 9:16
  back to the blockchain for security with the most recent situation with CrowdStrike. Those
• 9:22
  are some of the problems that I think a lot of people are still looking
• 9:24
  at as being revealed now where we have this massage outage due to centralization,
• 9:31
  and this of course gets solved with blockchain. Further into this, this was
• 9:35
  Adam Cochrane kind of summarizing a little bit of what we're talking about. By
• 9:39
  the way, Harris has no public stance on crypto yet, but Buddha j
• 9:43
  Edge Potential Running make says it could be a commodity, not a security.
• 9:46
  That's a positive Shaperior Potential running met mandates crypto as money in Pennsylvania at the
• 9:52
  State Department Banker. Remember he was the one involved in stronghold the bitcoin Minor
• 9:56
  Montoya, one of our former advisors on Advanced Team, is pro crypto and
• 10:00
  then Harrison Warren do not like each other, just to say the case.
• 10:03
  So you've got one that potentially is eth I don't call that bootha jedge.
• 10:07
  Then you've got Shapiro, which is potentially pro bitcoin. So the battle begins.
• 10:13
  We'll see if this plays out in UH in the coming weeks. Is
• 10:18
  we're obviously going to see this going into the DNC. All right, One
• 10:22
  thing that is interesting right here on polymarket, I'm going to zoom in on
• 10:26
  Josh Shapiro about six hundred grand on the bet right now for Josh Shapiro.
• 10:31
  All it would take is for a well placed series of bets to move boodhag
• 10:39
  Edge up the Annie and roll in to maybe the potential candidate. And I
• 10:46
  don't know that that influence is anyone, but it's interesting of marketing and how
• 10:50
  it can be done and how it could be in a way. This is
• 10:54
  a different kind of poll because it gets manipula. Remember the original polls that
• 10:58
  you typically see. There's not any pole data out right now on this candidate,
• 11:03
  meaning Kamala Harris and the potential vice president, because it's just too early,
• 11:07
  there's not enough data out there. All of that poll is driven by
• 11:11
  mostly media spend, so essentially poly market is almost the same way it's driven
• 11:16
  by bet spend. So interesting things playing out over on poly market. And
• 11:22
  just as a reminder, this of course changes the game a little bit in
• 11:24
  the election forecast, Kamala now at thirty one percent, but Trump holding US
• 11:30
  commanding lead at sixty four percent. A few more blue states and swing states
• 11:35
  which are really critical on of course, shows the rest of the Democratic nomine
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  potentials, all of which have started to move down on the list. Everybody
• 11:45
  kind of plummeting right here as you can kind of see Kamala Harris coming in.
• 11:48
  I want to go to a couple of other things. This right here
• 11:52
  was Chank Yuger coming over from toit. Other is a bargain. The rest
• 11:56
  of the options on that board aren't very appealing or aren't going to do it.
• 12:00
  And I don't think it's an eighty four percent chance latest number that is
• 12:03
  Kamala. There are so many other great candidates, so I think they're still
• 12:07
  on the balance of whether or not they think Kamala is the position here.
• 12:11
  So maybe we get something that is out of the blue. I'd love to
• 12:16
  get you guys's feedback drop some comments down below. I have one more clip
• 12:18
  that shows a little bit more around what Chank Huger is thinking around this.
• 12:24
  Now remember Tyt a left leaning, you know, much more liberal, and
• 12:28
  this is his opinion on how this plays out on poly market. Take a
• 12:31
  look, and now I want to go to poly market. They're a prediction
• 12:35
  market. This is this is definitely wrong in my opinion. Okay, this
• 12:39
  is a prediction market, so people are putting their money where their mouth is.
• 12:43
  Kamala Harris is at only thirty one percent for the Democrat to only be
• 12:46
  a thirty one percent, No, it's not thirty one percent. It's definitely
• 12:50
  higher. Other Democratic politician at two percent is a steal. That's the play
• 12:54
  I do. But hey, that's just me, okay. Kamala Harris,
• 12:58
  according to the prediction markets, is at eighty three percent, so they think
• 13:01
  it's almost definitely going to be her. I don't know about that. I
• 13:07
  would again take other here, others at eight percent. Hillary Clinton Gavin Newsom,
• 13:11
  RFK Junior. It's none of these people, Elizabeth Warren, Dean Phillips,
• 13:15
  Joe Biden. No, none of those people. So I would go
• 13:16
  other. That's a bargain at eight Bootajin who's all over TV. Don't count
• 13:22
  out Bootajic. I wish we could countut Bootage. We can. I think
• 13:24
  he'd be a terrible pick, but he's sitting at seven percent. Ah.
• 13:28
  God, that pomarket market is so interesting to me. And the markets are
• 13:31
  the best we have now because we don't even have polling on it yet,
• 13:35
  because it just happened today, I don't know. I have a feeling with
• 13:39
  Chenk is gonna be in a position that right now, it looks like the
• 13:43
  Democrats are in a quandary because I think the position has been so negative toward
• 13:50
  remember polymarket, very crypto leaning. Okay, obviously it's a crypto prediction market.
• 13:56
  This just seems so negative when you look at what the Democratic position has
• 14:01
  been, especially the White House against crypto, and it's already been shown many
• 14:05
  times with the regulatory front as well. So I still think this is pretty
• 14:09
  indicative of what America thinks. So much more surprise is coming as we lead
• 14:15
  into November, we'll cover all of this because it has a huge impact on
• 14:18
  crypto. Don't forget go to Stand with Crypto, check it out, find
• 14:22
  out who your person is on these key races, and start to support those
• 14:28
  candidates. So check it out over at standwthcrypto dot org. If you guys
• 14:31
  are not in the diamond circle, get in right now. It's a great
• 14:33
  place to get additional content. Of course, follow me out there on x
• 14:37
  at Paul Baron. We'll catch you next time. Right here on Techpath