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Transcript

Market Selloff Incoming? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's get into the market today. We're going to be
• 0:01
  Speaker 1: breaking down everything like Bitcoin, the AI trade. Is it
• 0:05
  Speaker 1: time to do it? And we'll also take a look
• 0:08
  Speaker 1: at some of the breaking news. We've got things coming
• 0:10
  Speaker 1: in from XRP, from Circle, Ethereum. In general, I think
• 0:13
  Speaker 1: what we're seeing in the market right now is maybe
• 0:16
  Speaker 1: a little bit of a stall. The question is, does
• 0:18
  Speaker 1: this perform well? By the end of the year, we'll
• 0:20
  Speaker 1: break into all that good stuff with Evan Alda, who's
• 0:22
  Speaker 1: going to be joining me here in a moment. Before
• 0:25
  Speaker 1: we get started on that, I do want to, of course,
• 0:27
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• 1:12
  Speaker 1: Let's go into it today. And I want to start
• 1:14
  Speaker 1: off with Evan and look at the market in the
• 1:16
  Speaker 1: sense of whether or not we are in the right
• 1:19
  Speaker 1: trade or not. So I want to welcome in Mr.
• 1:21
  Speaker 2: Evan Aldo.
• 1:22
  Speaker 3: How are you, Evan?
• 1:23
  Speaker 2: Doing well. Doing well. Always great talking to you, Paul.
• 1:25
  Speaker 4: All right.
• 1:25
  Speaker 1: So the right trade is the question. You could look
• 1:29
  Speaker 1: at many people saying, hey, listen, I'm always looking at
• 1:32
  Speaker 1: diversifying or maybe people are looking at pure narrative trades.
• 1:37
  Speaker 1: And if you've been in the AI narrative trade, if
• 1:40
  Speaker 1: you look at the S & P 500, you can
• 1:42
  Speaker 1: kind of see we have been nothing but up for
• 1:45
  Speaker 1: the most part since March. So when you look at
• 1:48
  Speaker 1: the AI narrative in general today, Evan, what's your current
• 1:52
  Speaker 1: position right now? Are you still diversified into stocks and
• 1:55
  Speaker 1: crypto and what else?
• 1:57
  Speaker 2: So I don't have too much exposure to AI right now.
• 2:01
  Speaker 2: My view is that Bitcoin potentially would outperform or more
• 2:05
  Speaker 2: very likely would outperform AI in general in the second
• 2:08
  Speaker 2: half of this year and potentially over the next two
• 2:11
  Speaker 2: years because Bitcoin has been so depressed against the video.
• 2:13
  Speaker 2: It was down about 94%, I think. against NVIDIA as
• 2:16
  Speaker 2: of June 31st. So that was my consensus. I am
• 2:21
  Speaker 2: still pretty heavy Bitcoin. I have Ethereum. I took some
• 2:24
  Speaker 2: partial profits on some of the riskier crypto plays because
• 2:27
  Speaker 2: we've jumped up a lot and I was up 100%.
• 2:29
  Speaker 2: on certain proxies and certain things. And then I converted
• 2:32
  Speaker 2: a lot of those over into XLE, which is the
• 2:34
  Speaker 2: energy ETF and oil, which I thought that oil and
• 2:38
  Speaker 2: energy would outperform Bitcoin and AI, potentially from October to
• 2:42
  Speaker 2: the end of the year. That's why I made that trade.
• 2:44
  Speaker 2: And so far, that's been doing well. Now I'm planning
• 2:47
  Speaker 2: on converting that back over to crypto, you know, when
• 2:49
  Speaker 2: the time may be right, that may be as soon
• 2:51
  Speaker 2: as a few weeks up to a few months, depending
• 2:53
  Speaker 2: on how the momentum plays out. So yeah.
• 2:56
  Speaker 1: You've got the U.S. issuing fresh Iranian-related sanctions. So this
• 3:01
  Speaker 1: could be a scenario right now where we could see
• 3:04
  Speaker 1: the energy stocks and oil in general continue to move.
• 3:08
  Speaker 1: Are there other stocks that you've seen within the energy sector?
• 3:12
  Speaker 1: I know this is the ETF side, but what about
• 3:14
  Speaker 1: getting just direct exposure, something like a Bloom Energy or
• 3:17
  Speaker 1: something of that nature?
• 3:18
  Speaker 2: Yeah, there's a few, definitely. I mean, you know, the
• 3:21
  Speaker 2: big ones like ExxonMobil. There's the Occidental Petroleum one. I
• 3:24
  Speaker 2: think that's done pretty well. That's the one Berkshire Hathaway owns.
• 3:27
  Speaker 2: So there's definitely a few, yeah.
• 3:30
  Speaker 1: Okay, so let's take a quick look at Bitcoin on
• 3:33
  Speaker 1: your chart. And first of all, give me an insight,
• 3:37
  Speaker 1: because we saw this start to slide down. It looked
• 3:40
  Speaker 1: like it was going to lose 80K. Were you at
• 3:42
  Speaker 1: all worried.
• 3:42
  Speaker 3: That we could see a sub-80K Bitcoin?
• 3:46
  Speaker 2: Yeah, I think we probably will just based on seasonality
• 3:50
  Speaker 2: and healthy corrections. But that's not like that, the worst
• 3:52
  Speaker 2: thing in the world. Generally around this time, that midterm
• 3:54
  Speaker 2: kind of correction thing, usually you see at least 10%
• 3:57
  Speaker 2: to 20%. Usually it's somewhere between 10% and 20%. So 20%,
• 4:02
  Speaker 2: which I would say probably your worst case scenario, should
• 4:04
  Speaker 2: I have something crazy happening, is probably 69K. You could
• 4:08
  Speaker 2: skate by with 74K mid-70s. In all likelihood, you probably
• 4:13
  Speaker 2: do come lower. And I would say the thing that would,
• 4:16
  Speaker 2: and again, I mean, I think Bitcoin's still at a
• 4:17
  Speaker 2: pretty good price, 82K. I mean, I wouldn't sell my Bitcoin.
• 4:20
  Speaker 2: I'm not selling my Bitcoin here. But I think that
• 4:23
  Speaker 2: you may get kind of some trigger waves or something
• 4:25
  Speaker 2: on the two-day, similar to kind of what you saw
• 4:28
  Speaker 2: back here. So you may come down a bit more
• 4:30
  Speaker 2: into midterms. And then into maybe end of year 92K
• 4:35
  Speaker 2: or quarter one next year. So something like this, kind
• 4:37
  Speaker 2: of the healthy correction area is I think, you know,
• 4:40
  Speaker 2: the kind of the most likely scenario. So some consolidation,
• 4:43
  Speaker 2: nothing too, too bad. So, yeah.
• 4:46
  Speaker 3: Okay.
• 4:46
  Speaker 1: On that point with Bitcoin, you've got a customer or
• 4:51
  Speaker 1: people out there right now that are considering maybe buying
• 4:53
  Speaker 1: Bitcoin for the first time. Is this the place to
• 4:56
  Speaker 1: buy it right now? Or do you feel like we
• 4:59
  Speaker 1: could see something closer to this midterm election that could
• 5:03
  Speaker 1: push Bitcoin lower to where it could create another entry point.
• 5:08
  Speaker 2: Yeah, I mean, I think if you're, you know, the
• 5:11
  Speaker 2: type of people that don't have any Bitcoin right now,
• 5:13
  Speaker 2: I think it's kind of foolish to try to wait.
• 5:15
  Speaker 2: I would at least try to kind of DCA right
• 5:18
  Speaker 2: now in all likelihood you will see you know something's
• 5:21
  Speaker 2: a little bit lower than where we are right now
• 5:23
  Speaker 2: but keep in mind you know if you're somebody who
• 5:26
  Speaker 2: is you know waiting at 60k and didn't get in
• 5:29
  Speaker 2: when you know we were at peak you know extreme
• 5:31
  Speaker 2: fear and all those things and now you're waiting now
• 5:33
  Speaker 2: like it's kind of like you know the 60k area
• 5:37
  Speaker 2: was pretty obvious the low 60s was pretty obvious if
• 5:40
  Speaker 2: you're looking at fear and greed in history now is
• 5:43
  Speaker 2: still a good place so DCing from now until end
• 5:46
  Speaker 2: of year makes a lot of sense, especially if quarter
• 5:49
  Speaker 2: four has more weakness as it typically does in these
• 5:52
  Speaker 2: midterm election years.
• 5:54
  Speaker 1: Before we get into Ethereum, I want to take a
• 5:58
  Speaker 1: look at this right here, because I think this might
• 6:01
  Speaker 1: surprise people a little bit. And that is what's going
• 6:05
  Speaker 1: on with Tom Lee, because this guy just will not stop.
• 6:08
  Speaker 1: He is absolutely, I mean, come on, 5,000. He's still
• 6:12
  Speaker 1: calling for 5,000 end of year.
• 6:14
  Speaker 2: On ETH.
• 6:16
  Speaker 1: Now chart ETH for me and tell me this makes
• 6:20
  Speaker 1: sense to you, or does it?
• 6:21
  Speaker 2: Yeah, he makes Saylor sound very bearish here. I mean, yeah,
• 6:25
  Speaker 2: you know, in all likelihood, you do your typical kind
• 6:28
  Speaker 2: of correction. I mean, I guess there's a possibility we
• 6:30
  Speaker 2: could skate by with a $ 2, 300 bottom, but I think
• 6:34
  Speaker 2: somewhere between $ 2, 000 and $ 2, 100, you'd probably hit these areas.
• 6:37
  Speaker 2: And then into the year, hopefully recovering back to where
• 6:39
  Speaker 2: we are right now, maybe $ 3K, you know, something like
• 6:42
  Speaker 2: that would be kind of more realistic i don't know
• 6:45
  Speaker 2: where tom lee really comes up with these numbers didn't
• 6:47
  Speaker 2: you say 50k the other week it feels like they
• 6:49
  Speaker 2: change a.
• 6:50
  Speaker 1: Bit well no it's no he his long-term outlook is
• 6:54
  Speaker 1: 50k on eath uh which i'm still trying to put
• 6:57
  Speaker 1: my head around the other well part of it is
• 7:00
  Speaker 1: within funstrap but i think his listen he's talking his
• 7:03
  Speaker 1: book for many of you guys that are brand new
• 7:05
  Speaker 1: to crypto and maybe watching our show for the first
• 7:07
  Speaker 1: time just understand that bm and r is nearing in
• 7:12
  Speaker 1: on 5% of the supply of Ethereum. When that occurs,
• 7:16
  Speaker 1: and he's even gone on record saying that they're going
• 7:18
  Speaker 1: to stop buying and they're going to continue to just
• 7:20
  Speaker 1: earn performance, I think they're going to start to shifting
• 7:23
  Speaker 1: into some other tokens, probably something like Solana and a
• 7:26
  Speaker 1: handful of others. But Evan, I want to play this
• 7:28
  Speaker 1: video for you real quick because this is essentially where
• 7:32
  Speaker 1: I think he is looking at the market in general,
• 7:34
  Speaker 1: but you'll understand maybe his thesis behind this.
• 7:37
  Speaker 3: Here we go. Yes, good morning, Joe. That's right.
• 7:40
  Speaker 4: I think going into last week's jobs report, the market
• 7:45
  Speaker 4: had been working with a maximum hawkish Fed, one that
• 7:48
  Speaker 4: was going to raise three times, including a 75% chance
• 7:52
  Speaker 4: of an October hike.
• 7:54
  Speaker 3: This jobs report has been softer.
• 7:56
  Speaker 4: We get an inflation report in two weeks for September.
• 8:00
  Speaker 3: It does, in our view, we.
• 8:04
  Speaker 4: Believe there's these one-offs rolling off, and so I think
• 8:06
  Speaker 4: there's over the next six months, softer readings on inflation.
• 8:11
  Speaker 4: And that allows not only the Fed to kind of
• 8:13
  Speaker 4: walk back from its hawkishness, but I think it's going
• 8:15
  Speaker 4: to allow bond yields to actually sort of.
• 8:18
  Speaker 1: I want to stop it right there, because he said
• 8:20
  Speaker 1: softer inflation over the next six months. Are you in
• 8:25
  Speaker 1: that camp of that we could see softer inflation in
• 8:28
  Speaker 1: the next six months?
• 8:30
  Speaker 2: Yeah, probably, probably. I do think your yields are getting
• 8:35
  Speaker 2: ready to start to finally head down a little bit.
• 8:38
  Speaker 2: It would make sense. Look at the 30-year there, 5.6.
• 8:41
  Speaker 1: 10-year holding at 5.283 and the five-year at 5.057. So,
• 8:49
  Speaker 1: I mean, this would, I talked to Rebecca Walzer yesterday
• 8:53
  Speaker 1: and she, you know, off camera, her and I were
• 8:55
  Speaker 1: kind of going back and forth and she said a
• 8:57
  Speaker 1: lot of investors are now looking at these bonds as
• 9:02
  Speaker 1: an alternative. The problem, and she pulled this out in
• 9:04
  Speaker 1: the episode we did yesterday that I think a lot
• 9:06
  Speaker 1: of people miss, if you don't take that bond to maturity,
• 9:10
  Speaker 1: you end up losing money on these deals rather than
• 9:14
  Speaker 1: if you're out there trading in the market. So just
• 9:16
  Speaker 1: be aware of that. If this is a rotation going
• 9:19
  Speaker 1: into bonds versus maybe holding into other assets, including risk,
• 9:25
  Speaker 1: Be very careful with that. Now, with him saying that
• 9:28
  Speaker 1: is that inflation could get softer. You think it can.
• 9:32
  Speaker 1: Listen to the rest of this.
• 9:33
  Speaker 2: Here we go.
• 9:34
  Speaker 4: Normalize because the inflation sort of uncertainty starts to ease.
• 9:40
  Speaker 4: And I think there's a lot of clues because I
• 9:42
  Speaker 4: think tech stocks making new highs and crypto doing so well,
• 9:46
  Speaker 4: these can't do well in the face of tightening monetary conditions.
• 9:50
  Speaker 4: So I think that they're anticipating easier financial conditions ahead.
• 9:54
  Speaker 2: So you're reading a tea leaves in different markets for
• 9:58
  Speaker 2: what's going on.
• 9:59
  Speaker 3: That would be significant, Tom.
• 10:00
  Speaker 2: So when you said yields will normalize, what do you
• 10:03
  Speaker 2: think of normal yield?
• 10:04
  Speaker 4: All right.
• 10:05
  Speaker 1: So yields are going to normalize. He's basically saying this
• 10:09
  Speaker 1: is going to be a little bit less pressure from
• 10:11
  Speaker 1: the Fed. And it looks like right now there's going
• 10:13
  Speaker 1: to be a no change coming this month in October.
• 10:16
  Speaker 1: How much of an impact do you think that has
• 10:18
  Speaker 1: on crypto broader markets?
• 10:20
  Speaker 2: So a lot of times when you see a change
• 10:23
  Speaker 2: or a change from what they've been doing, it's the
• 10:25
  Speaker 2: last one they obviously raised. If you see a no change,
• 10:27
  Speaker 2: I think that's going to be bearish. I don't think
• 10:29
  Speaker 2: it's going to be as bullish as people think. I
• 10:31
  Speaker 2: think it could be bearish temporarily, like until after midterms,
• 10:34
  Speaker 2: maybe a month based on seasonality. Nothing too bad. Like
• 10:38
  Speaker 2: I said, I'm not that bearish. I mean, I think
• 10:39
  Speaker 2: they're going to go to 69K, maybe retest the Weekly 200,
• 10:43
  Speaker 2: which would be in the high 60s, low 70s by
• 10:45
  Speaker 2: the time we hit that. Something like that. You likely
• 10:48
  Speaker 2: would see TradFi cool off a little bit too. You
• 10:51
  Speaker 2: could see a 5% to 10% correction for the S
• 10:54
  Speaker 2: & P 500 between now and end of year. It
• 10:56
  Speaker 2: would make sense with seasonality. And then I think once
• 10:58
  Speaker 2: you get to quarter four or the FOMC meeting after
• 11:01
  Speaker 2: October's FOMC meeting, then you could start to recover and
• 11:06
  Speaker 2: see more upside.
• 11:07
  Speaker 1: Well, you look at the general market. Charles Schwab just
• 11:10
  Speaker 1: rolled out Bitcoin and ETH. for trading with 40 million clients.
• 11:14
  Speaker 1: 40 million clients, guys, just think about that for a second.
• 11:18
  Speaker 1: Their fees on crypto are going to be 0.75% per trade.
• 11:23
  Speaker 1: That's fairly competitive. And here's the other thing. They've got
• 11:27
  Speaker 1: plans to add Solana, Avalanche, Chainlink this year. So by
• 11:32
  Speaker 1: end of year, you're going to be able to trade
• 11:33
  Speaker 1: any one of those. Solana, Avalanche, Chainlink, Bitcoin, ETH. which
• 11:37
  Speaker 1: is a pretty big deal because even if you compare
• 11:39
  Speaker 1: that to other TradFi exchanges out there, something like a Fidelity,
• 11:43
  Speaker 1: this has been very competitive, I think, in the sense
• 11:46
  Speaker 1: of the market in general. Do you not think, Evan,
• 11:49
  Speaker 1: that that is going to draw in more traditional finance
• 11:52
  Speaker 1: people into crypto and start to move the market?
• 11:55
  Speaker 2: Yeah, probably December and then quarter one, definitely. For the
• 12:00
  Speaker 2: next couple of weeks, next month, probably not too much.
• 12:05
  Speaker 1: Okay, so let's chart ETH for a second because this is,
• 12:08
  Speaker 1: and I want to go past year-end here. Here we
• 12:12
  Speaker 1: are mid-October. You're basically 75 days out. When you look
• 12:17
  Speaker 1: at Ethereum in general, where do you point this year-end
• 12:21
  Speaker 1: and Q1 now?
• 12:24
  Speaker 2: So, yeah. Year end, I would say, well, I would
• 12:28
  Speaker 2: say temporarily, like from now to midterms, a little bit lower.
• 12:31
  Speaker 2: We could get away with this bottom. Year end, probably
• 12:34
  Speaker 2: where we are right now, if we're lucky, maybe $ 3, 000. Now,
• 12:37
  Speaker 2: here's where it gets interesting. Quarter one, quarter two, hopefully $ 4, 000.
• 12:42
  Speaker 2: I'm looking at some big, you know, kind of upside. $ 4, 000
• 12:46
  Speaker 2: could be our quarter one, February, March, if we're lucky.
• 12:49
  Speaker 2: Then quarter two, I think 2027 is going to be
• 12:51
  Speaker 2: a good year. Go ahead.
• 12:52
  Speaker 1: What's your thesis for that right now? Because you have
• 12:54
  Speaker 1: Paul Tudor Jones calling for a really bad 2027. Now, granted,
• 12:59
  Speaker 1: he's talking about TradFi markets. You have Tom Lee saying
• 13:03
  Speaker 1: we're going to get the biggest, you know, face ripping,
• 13:05
  Speaker 1: you know, bull run we've ever seen. What's your thesis
• 13:09
  Speaker 1: on why ETH could see a new high in Q1?
• 13:13
  Speaker 2: So seasonality, number one, once you get through that correction,
• 13:16
  Speaker 2: then the fundamentals are pretty good on ETH. You know,
• 13:18
  Speaker 2: like you mentioned, swab and a lot of money potentially
• 13:21
  Speaker 2: going into it. So those two things. Also, I mean,
• 13:23
  Speaker 2: usually those are two different extremes. You know, Tom Lee,
• 13:26
  Speaker 2: that's extreme bullish. Yeah. That's, you know, very big. Like,
• 13:29
  Speaker 2: it's usually somewhere in the middle. Like, it's usually bullish,
• 13:31
  Speaker 2: but not as crazy as, you know, people think. So
• 13:34
  Speaker 2: that would be the main consensus, I would think. Yeah.
• 13:37
  Speaker 1: Let's do a round of potential tokens for people. One
• 13:43
  Speaker 1: I want to take a look at has been Uniswap.
• 13:46
  Speaker 1: This is a trade we've been in and out of.
• 13:49
  Speaker 1: But Uniswap has pulled back here recently. You look at
• 13:53
  Speaker 1: Uniswap holding at $ 740 right now. This thing was trading
• 13:58
  Speaker 1: above $ 10, had spiked up to what was almost, what
• 14:02
  Speaker 1: was it? Yeah, just a little, almost $ 11. Is this
• 14:05
  Speaker 1: a trade you would make right now? Would you make
• 14:08
  Speaker 1: a Uniswap trade today?
• 14:11
  Speaker 3: Potentially.
• 14:12
  Speaker 2: You know, I'm waiting probably, I'd probably give it a
• 14:14
  Speaker 2: few more weeks. The thing that I'm waiting for is
• 14:17
  Speaker 2: kind of this two-day right here. So see this trigger
• 14:20
  Speaker 2: wave that formed? This is a momentum wave, you know,
• 14:22
  Speaker 2: kind of. a momentum shift. And we saw right here,
• 14:24
  Speaker 2: and that was a big jump up after this correction.
• 14:27
  Speaker 2: So we could have gotten away. You know, this is
• 14:28
  Speaker 2: enough where we could have potentially hit a bottom. Best
• 14:31
  Speaker 2: case scenario, 36%. That's cheaper. You know, for somebody who
• 14:34
  Speaker 2: likes Uniswap, this makes sense. I would be a little
• 14:37
  Speaker 2: bit more inclined to wait till this VWAP starts to
• 14:40
  Speaker 2: come up, give it a few more weeks of momentum,
• 14:42
  Speaker 2: potentially around the beginning of November, around midterms. So maybe
• 14:45
  Speaker 2: you get one more little drop down or something, then
• 14:48
  Speaker 2: you continue forward. But no, I think this is good.
• 14:51
  Speaker 2: Pretty good discount.
• 14:52
  Speaker 4: Yeah.
• 14:53
  Speaker 2: This is pretty good.
• 14:54
  Speaker 3: Okay.
• 14:55
  Speaker 1: We talked about the AI trade earlier near protocol hitting
• 14:59
  Speaker 1: all time high or most recently now trading at about
• 15:03
  Speaker 1: $ 5 and 25 cents. And it's been somewhat sideways here
• 15:07
  Speaker 1: over the past few days. Is this something that you
• 15:11
  Speaker 1: would continue to hold if you were holding near? Cause
• 15:14
  Speaker 1: we hold near right now.
• 15:16
  Speaker 3: So this is more for me. Do you hold near
• 15:18
  Speaker 3: right here?
• 15:19
  Speaker 1: Or do you look at an exit, take some profit
• 15:22
  Speaker 1: and maybe move along? Where would you where would you
• 15:25
  Speaker 1: play near right now?
• 15:27
  Speaker 2: Yeah, it's definitely a hold. And I think crypto in
• 15:29
  Speaker 2: general is definitely a hold right now. You're still at
• 15:31
  Speaker 2: a significant discount for anything that's got good fundamentals. I mean,
• 15:34
  Speaker 2: let's look at this. I mean, you're still significantly below
• 15:36
  Speaker 2: the all time high of $ 20. Yeah, almost nine bucks.
• 15:38
  Speaker 2: Long time ago. Yeah. But, yeah, I mean, short term,
• 15:44
  Speaker 2: it's likely you see some type of correction, maybe down
• 15:47
  Speaker 2: to $ 4 or something of that nature. Probably nothing too,
• 15:50
  Speaker 2: too bad, though. Just based on seasonality, a lot of
• 15:53
  Speaker 2: these things, you are losing some momentum. So, I mean,
• 15:56
  Speaker 2: I would be more inclined to look for maybe an
• 15:58
  Speaker 2: entry down here. And that same thing, it's similar on
• 16:01
  Speaker 2: a lot of these time frames. Once you get kind
• 16:05
  Speaker 2: of an anchor wave, once you lose momentum on the two-day,
• 16:08
  Speaker 2: which you likely will over the next month or something,
• 16:11
  Speaker 2: They get a trigger wave coming up like this. That's
• 16:14
  Speaker 2: when things start to look a lot better, especially if
• 16:16
  Speaker 2: you were to come down maybe high threes. And then
• 16:19
  Speaker 2: that's your quarter for correction. And then you kind of
• 16:24
  Speaker 2: recover at the end of the year, early next year. So, yeah.
• 16:27
  Speaker 3: Okay.
• 16:28
  Speaker 1: Well, with that being the case, you have two things
• 16:32
  Speaker 1: that could happen. One, we could see a major AI
• 16:34
  Speaker 1: reversal trade. that could impact some of the AI cryptos
• 16:39
  Speaker 1: and we could see Bitcoin E Solana pop off in general.
• 16:44
  Speaker 1: Did you hear Solana got their event canceled in China?
• 16:48
  Speaker 3: Did you see that?
• 16:49
  Speaker 2: Yeah, a little weird, but I don't know.
• 16:51
  Speaker 1: So when they launched and then they took over a
• 16:53
  Speaker 1: building or I don't know how they did it, but
• 16:57
  Speaker 1: brilliant marketing on Solana's part. But at the same time,
• 17:00
  Speaker 1: the Chinese officials came in and shut it down. Which
• 17:04
  Speaker 1: was not surprising. You know, CZ was even commenting on this.
• 17:08
  Speaker 2: I don't know.
• 17:09
  Speaker 1: I wonder if he, huh, that's interesting. Because he kind
• 17:12
  Speaker 1: of called it out that he, BNB, Binance, was not
• 17:15
  Speaker 1: able to get something like that done. And that he
• 17:18
  Speaker 1: was surprised that Solana was able to. But you got
• 17:23
  Speaker 1: Breakpoint coming up next month in November.
• 17:25
  Speaker 3: What about Solana? Let's take a look there.
• 17:27
  Speaker 1: Give me a year-end price for a Solana. Right now
• 17:30
  Speaker 1: it is on the move, back up, reclaiming, I think, $ 105K.
• 17:34
  Speaker 2: Yeah, I mean, best case scenario here for your year-end price,
• 17:37
  Speaker 2: probably 140 if things go really well. 140 to 150
• 17:40
  Speaker 2: if things go really well. This does look stronger than
• 17:43
  Speaker 2: some other things because you have a similar situation here.
• 17:45
  Speaker 2: You have that jump up. So if the same things happens,
• 17:49
  Speaker 2: you're looking at 150. Now, based on what we normally
• 17:52
  Speaker 2: see in these midterm election years, you know, there's a
• 17:54
  Speaker 2: decent shot you could come down in 97 again, potentially
• 17:57
  Speaker 2: coming down in 90. All that would do is probably
• 18:00
  Speaker 2: delay the inevitable getting back up to 150. These areas,
• 18:04
  Speaker 2: you know, instead of by end of year, it's probably
• 18:05
  Speaker 2: quarter one or quarter two of next year, you know,
• 18:08
  Speaker 2: more extended out if that does happen. So I think
• 18:10
  Speaker 2: one of these two scenarios is more likely based on
• 18:13
  Speaker 2: seasonality and kind of what we're seeing, you know, probably
• 18:17
  Speaker 2: correct a little bit more at least, and then you
• 18:19
  Speaker 2: kind of recover. So, I mean, in the grand scheme
• 18:22
  Speaker 2: of things, great buy here at $ 100, obviously heavily discounted.
• 18:25
  Speaker 2: I mean, so yeah, it looks good overall.
• 18:28
  Speaker 1: What is your pick for this bull run? If you're looking,
• 18:34
  Speaker 1: and I only want two altcoins. I know you're going
• 18:37
  Speaker 1: to pick ETH and Bitcoin, so throw those out. Two altcoins,
• 18:41
  Speaker 1: what's your picks for this bull run?
• 18:44
  Speaker 2: Solana could be one of them. And if you look
• 18:47
  Speaker 2: at ETH, Solana versus ETH, that's what came to my mind.
• 18:50
  Speaker 2: It's been outperforming Ethereum. So as long as you hold
• 18:53
  Speaker 2: these lows here, I do think Solana can make, can
• 18:57
  Speaker 2: be a huge, huge player here. In terms of another altcoin,
• 19:01
  Speaker 2: oh man, I'm trying to think, trying to think here.
• 19:05
  Speaker 3: Maybe Chainlink.
• 19:06
  Speaker 2: Okay, Chainlink. All right. Maybe. That's one I've kept my
• 19:11
  Speaker 2: eye on. As long as you can hold $ 11, I would.
• 19:14
  Speaker 2: you know, be optimistic on this. So maybe, maybe.
• 19:19
  Speaker 1: My, I have two, I still think Uniswap and Jupiter
• 19:22
  Speaker 1: are going to end up being major plays in this neck.
• 19:26
  Speaker 1: Now those are, you know, considerably different, you know, market caps,
• 19:31
  Speaker 1: you know, than what we're talking about in the top 10,
• 19:33
  Speaker 1: but I'm still holding positions in both those tokens. And
• 19:37
  Speaker 1: I like both of what they're doing, you know, from
• 19:40
  Speaker 1: an ecosystem standpoint, but more importantly, What I like is
• 19:44
  Speaker 1: the fact that we are seeing real advancement in both
• 19:46
  Speaker 1: of the apps, which is going to increase adoption, I think. Uniswap, obviously,
• 19:52
  Speaker 1: picking up on the ETH bandwidth, our ecosystem, and then,
• 19:56
  Speaker 1: of course, Jupyter within Solana. Both those, I think, could
• 20:00
  Speaker 1: be doing very well, for sure. Let's talk about this
• 20:04
  Speaker 1: right here, and that is the CrossRiver deal with Ripple.
• 20:11
  Speaker 1: So Cross River Bank, and everybody remembers this, is one
• 20:13
  Speaker 1: of the crypto-friendly banks out there, but they're now embedding Ripple, RLUSD,
• 20:20
  Speaker 1: Ripple's USD stablecoin, on the XRP ledger into its core
• 20:25
  Speaker 1: banking infrastructure, which is expanding faster payment. Now, I know
• 20:29
  Speaker 1: many of you guys say, well, Paul, you just did
• 20:30
  Speaker 1: a video that said our XRPL is not getting adopted.
• 20:37
  Speaker 1: And it To this point, it still is not. These
• 20:41
  Speaker 1: deals that they're making are great for, I think, Ripple
• 20:45
  Speaker 1: and maybe long-term, definitely as we start to see adoption happening.
• 20:50
  Speaker 1: The real question is how long before that occurs when
• 20:53
  Speaker 1: we actually start to see transactions coming in. Because when
• 20:56
  Speaker 1: you look at the RLUSD stablecoin, we haven't seen a
• 21:00
  Speaker 1: lot of growth in it. And that has been the
• 21:03
  Speaker 1: concern I've had. I love to see these kind of things.
• 21:06
  Speaker 1: But what does that do to the XRP price right now? Remember,
• 21:11
  Speaker 1: Ripple's still holding a ton of XRP and they divest
• 21:15
  Speaker 1: a certain amount every so often. So you just have
• 21:19
  Speaker 1: to look at the amount that they're starting to sell, obviously,
• 21:23
  Speaker 1: to fund operations and acquisitions and partnerships like this right here. XRP,
• 21:28
  Speaker 1: chart XRP right now and give me a point by
• 21:33
  Speaker 1: end of year.
• 21:35
  Speaker 2: Yeah, I'd love to. So XRP looks better than a
• 21:39
  Speaker 2: lot of things right now. You're making a higher low
• 21:42
  Speaker 2: right here that looks pretty good. Your daily has some potential.
• 21:46
  Speaker 2: Your daily has some potential. Even if you do... I mean,
• 21:49
  Speaker 2: I don't think you're going to go back to that $ 1. 14 here.
• 21:52
  Speaker 2: Even if you do go a little bit lower here,
• 21:53
  Speaker 2: it's probably going to be some type of double bottom,
• 21:55
  Speaker 2: and your two-day is going to save you. So, I mean,
• 21:58
  Speaker 2: end of year, it's tough to say exactly. Maybe $ 1. 50,
• 22:02
  Speaker 2: maybe $ 1. 60. I don't think you're going to break up to,
• 22:05
  Speaker 2: you know, $ 2 by the end of the year. I
• 22:07
  Speaker 2: think that's more of a quarter one, quarter two type thing.
• 22:09
  Speaker 2: But I think if all goes well, $ 1. 60 potentially.
• 22:13
  Speaker 1: So, okay, well, that'd be a pretty big reversal, you know,
• 22:16
  Speaker 1: for XRP.
• 22:18
  Speaker 3: Granted.
• 22:19
  Speaker 1: If you were looking at XRP, you know, for the
• 22:24
  Speaker 1: bull run, you know, and potential of playing it as
• 22:27
  Speaker 1: one of your primary tokens, or let's say your top five,
• 22:30
  Speaker 1: where would you say it's possible for XRP to go?
• 22:34
  Speaker 1: Do you think it reclaims its all-time high here in
• 22:37
  Speaker 1: the next six months into 2027?
• 22:40
  Speaker 2: So next, yeah, into 2027. Let's see how much that is.
• 22:44
  Speaker 2: I mean, it's not impossible, no, because that's only... You know,
• 22:49
  Speaker 2: a little over 160 percent. That's not impossible. So, you know,
• 22:53
  Speaker 2: you would see an upward trajectory in 2027. You see
• 22:56
  Speaker 2: a complete upward trajectory. You know, it's probably not going
• 22:59
  Speaker 2: to be as crazy as over here. But, you know,
• 23:02
  Speaker 2: like a situation like that, that's not surprising. And that
• 23:06
  Speaker 2: would be, you know, from where we are right now.
• 23:09
  Speaker 2: that would be early 28. So something like that. I mean,
• 23:11
  Speaker 2: probably not an all time high.
• 23:13
  Speaker 4: Yeah.
• 23:13
  Speaker 2: That's more of a quarter four thing, early 2028 type thing.
• 23:17
  Speaker 2: It would probably take a little bit of time. Um,
• 23:20
  Speaker 2: so yeah, but I think it could, you know, I
• 23:22
  Speaker 2: would say two 40 is definitely a great goal for,
• 23:25
  Speaker 2: you know, next year, almost a double next 12 months.
• 23:27
  Speaker 2: I think that's a good goal. It all goes well.
• 23:29
  Speaker 2: I mean, this thing does, this thing moves weirdly. This way,
• 23:32
  Speaker 2: the thing was crazy at points. So it's, this one's
• 23:35
  Speaker 2: a tough one to predict. I mean, I wouldn't put
• 23:38
  Speaker 2: anything past XRP.
• 23:40
  Speaker 1: Well, think of it this way, too, because they launched
• 23:42
  Speaker 1: support for institutions now on real-world asset perpetual swaps. If
• 23:49
  Speaker 1: we see major institutions going in that direction, which I
• 23:53
  Speaker 1: think we will in 2027, and especially now, because remember,
• 23:57
  Speaker 1: I think it's October.
• 23:59
  Speaker 3: 20th that the SEC.
• 24:02
  Speaker 1: Ends its era for basically open comment on many of
• 24:06
  Speaker 1: the rules that it's citing right now. Once that occurs
• 24:09
  Speaker 1: here in next week, I think you're going to see
• 24:13
  Speaker 1: some big announcements coming from all sorts of blockchain projects
• 24:17
  Speaker 1: out there, because I think at that point, everybody will understand, okay,
• 24:21
  Speaker 1: these are the rules we're playing by, and they're going
• 24:24
  Speaker 1: to start launching some projects. And you look at perpetual
• 24:27
  Speaker 1: swaps on the institutional level, this could be, I think
• 24:31
  Speaker 1: one was out there, it was called Virtu, which is
• 24:34
  Speaker 1: trading on RWA swaps, that's in a position I think
• 24:38
  Speaker 1: that could really get going. Because you're talking about ETFs, metals, energy, FX,
• 24:43
  Speaker 1: this could be everything. So pretty crazy stuff. And that
• 24:47
  Speaker 1: could definitely affect, obviously, the future of XRP. Another thing
• 24:52
  Speaker 1: that could affect the future of crypto in general is
• 24:56
  Speaker 1: what's happening right now in the banking system. And When
• 25:00
  Speaker 1: you look at the banking system, one of the things
• 25:02
  Speaker 1: that I look at, look outside the U.S., okay? And
• 25:05
  Speaker 1: I want to show you guys this news right here,
• 25:07
  Speaker 1: which is Deutsche Bank. Deutsche is now preparing for crypto custody,
• 25:13
  Speaker 1: and they're going after Asia. So when you look at
• 25:17
  Speaker 1: Asia being the market here, you're in Asia. You know
• 25:21
  Speaker 1: what's going on over there.
• 25:22
  Speaker 2: Yep.
• 25:25
  Speaker 1: Do you think Asia gets into a position where it becomes...
• 25:29
  Speaker 1: mecca for crypto instead.
• 25:31
  Speaker 2: Of probably you know it's gonna it's gonna take time
• 25:36
  Speaker 2: but because the population is so large in asia it's
• 25:40
  Speaker 2: 60 of the world's population is in asia basically so
• 25:44
  Speaker 2: because it's so high and they're getting there i mean
• 25:47
  Speaker 2: a lot of these i know it's illegal in china
• 25:49
  Speaker 2: but a lot of the main cities in china are
• 25:51
  Speaker 2: completely cashless they're completely electronic payments so It's getting there.
• 25:55
  Speaker 2: And a lot of these other, even countries like Thailand,
• 25:57
  Speaker 2: they're taking initiatives to pay electronically. So I think it
• 26:01
  Speaker 2: will be within the next 20 years. That's just based
• 26:03
  Speaker 2: on population and based on, obviously, the East is trending upward. Right.
• 26:08
  Speaker 2: I hate to say it, the West is not... declining.
• 26:11
  Speaker 2: East is trending upward in the last 20 years. Unless
• 26:13
  Speaker 2: that trend changes significantly, Asia is going to be the
• 26:16
  Speaker 2: mecca of crypto, yes.
• 26:17
  Speaker 3: It's going to be a major.
• 26:19
  Speaker 1: Well, that's why we're seeing so much activity in Japan,
• 26:21
  Speaker 1: Hong Kong, this, of course, happening in Bangkok, which is
• 26:26
  Speaker 1: absolutely on fire. Okay, so you're You've had a chance
• 26:30
  Speaker 1: to talk to people in Asia and many countries. How
• 26:32
  Speaker 1: many countries have you been to in Asia?
• 26:34
  Speaker 2: I've been to quite a few, at least five, six, seven.
• 26:36
  Speaker 2: I don't know the exact. Yeah, I've been to quite
• 26:38
  Speaker 2: a few.
• 26:39
  Speaker 1: What is the street level narrative on crypto right now
• 26:43
  Speaker 1: or their temperature? Is it very positive? Would you call
• 26:46
  Speaker 1: it neutral? They look at it.
• 26:48
  Speaker 3: As this is the future. Where do you think they stand?
• 26:51
  Speaker 2: They're positive on it, man. Definitely positive. You see the
• 26:54
  Speaker 2: BYD electric cars all over. Sometimes you'll have a taxi
• 26:58
  Speaker 2: driver that's looking at a damn chart on his BYD car,
• 27:01
  Speaker 2: on your $ 3 Uber, your $ 3 GrabRide. So yes, I
• 27:02
  Speaker 2: think overall they're on board. They're on board, I think, man. Obviously,
• 27:12
  Speaker 2: a lot of people don't have the means to be
• 27:14
  Speaker 2: buying crypto, unfortunately, in a lot of the developing countries.
• 27:17
  Speaker 2: But I think the people that do have the means,
• 27:20
  Speaker 2: they're on board.
• 27:21
  Speaker 1: Well, that has always been my question, is what is
• 27:24
  Speaker 1: the affluency level? When you look at the number of
• 27:27
  Speaker 1: millionaires that are being printed in the United States every day,
• 27:30
  Speaker 1: that is millionaires that are going into the market. And
• 27:33
  Speaker 1: those are instrumental, I think, in terms of adoption and growth.
• 27:38
  Speaker 1: We don't see those kinds of numbers coming out of Asia,
• 27:42
  Speaker 1: the Middle East, even Europe.
• 27:43
  Speaker 3: To a certain extent.
• 27:45
  Speaker 1: The United States leads in terms of printing millionaires. So-
• 27:49
  Speaker 1: I guess the key there is it's just going to
• 27:50
  Speaker 1: be pure population is what you're saying.
• 27:53
  Speaker 2: I think it's population. I think a lot of the
• 27:55
  Speaker 2: millionaires in the U.S. are mainly because the stock market's
• 27:58
  Speaker 2: done so well. It's a lot of middle-aged people. And
• 28:01
  Speaker 2: I think the younger generations, because if you look at
• 28:04
  Speaker 2: younger generations in the U.S., they overall did not have
• 28:07
  Speaker 2: the opportunities that their parents had. It's a complete opposite
• 28:10
  Speaker 2: in China, Vietnam, really everywhere in Asia. The younger generations
• 28:15
  Speaker 2: had much more opportunity and a much better life overall
• 28:19
  Speaker 2: than their parents' generation. So I think those younger generations,
• 28:23
  Speaker 2: I think Asia is really going to develop a lot.
• 28:25
  Speaker 2: And I think those younger generations are going to put
• 28:27
  Speaker 2: money into crypto and those things.
• 28:30
  Speaker 1: Evan, let's take a look at Circle. Circle is now
• 28:33
  Speaker 1: pushing into, speaking of new.
• 28:35
  Speaker 3: Markets, 40 new markets.
• 28:38
  Speaker 1: This is a big deal because it starts to pretty
• 28:40
  Speaker 1: much translate to USDC becoming a global currency in essence
• 28:47
  Speaker 1: and pushing U.S. Treasuries, which would support the dollar. If
• 28:51
  Speaker 1: you look at Circle, it's been doing great on the charts,
• 28:54
  Speaker 1: but is this a stock you would go into right now?
• 28:57
  Speaker 1: Would this be the one for you?
• 29:00
  Speaker 2: Circle is interesting let's take a look at circle here
• 29:02
  Speaker 2: because circle is one that i held i took some
• 29:05
  Speaker 2: profits on it i still had a small position in
• 29:07
  Speaker 2: it it looks good man yeah i mean i like
• 29:09
  Speaker 2: the two day here i mean it could be a
• 29:11
  Speaker 2: little bit premature but if i had a guess here
• 29:14
  Speaker 2: you know it makes sense yeah circle makes sense um
• 29:17
  Speaker 2: you're making me want to buy more circle right now
• 29:20
  Speaker 2: i mean yeah you're making me because this is some
• 29:23
  Speaker 2: good momentum here three days to confirm on that you
• 29:25
  Speaker 2: know yeah This looks good. This looks like one of
• 29:28
  Speaker 2: the best things we've looked at. You just got to
• 29:29
  Speaker 2: be careful because you're on some thin ice. These things,
• 29:32
  Speaker 2: you know, sometimes they do crash down farther. But no,
• 29:36
  Speaker 2: this looks pretty good. This looks pretty good overall.
• 29:38
  Speaker 1: Yeah we called that uh that purchase for circle um
• 29:45
  Speaker 1: back at what let's see let me see where my
• 29:47
  Speaker 1: chart is yeah right at um yeah around 69 was
• 29:54
  Speaker 1: our call last call um on circle obviously had that
• 29:58
  Speaker 1: big day yesterday spiking. But definitely coming into a zone
• 30:03
  Speaker 1: right now, I think the question is, is does it
• 30:05
  Speaker 1: get back to its all-time high anytime soon? Do you
• 30:09
  Speaker 1: like an all-time high in 2026 or 2027?
• 30:12
  Speaker 2: This year, no. Not this year. But it's going to
• 30:16
  Speaker 2: take time, man. I mean, you know, it's probably going
• 30:19
  Speaker 2: to be a gradual incline. I mean, usually if you
• 30:20
  Speaker 2: just draw, you know, this is kind of the healthy trajectory.
• 30:23
  Speaker 1: Oh, wow.
• 30:24
  Speaker 2: Yeah, no, it could. Look at that.
• 30:25
  Speaker 3: Look at that chart. Yeah.
• 30:27
  Speaker 2: Yeah, it could. If you were to I mean, maybe
• 30:29
  Speaker 2: next year, you know, middle of next year at the earliest, probably,
• 30:32
  Speaker 2: I would say. Yeah, mid to late next year. Why not?
• 30:36
  Speaker 1: This is one of the bigger plays that we are
• 30:39
  Speaker 1: in and have been in for some time. And we're
• 30:41
  Speaker 1: going to continue to ride this one for sure. Which
• 30:44
  Speaker 1: reminds me, if you guys have not joined in on
• 30:48
  Speaker 1: our free newsletter, make sure and visit Paul Barron Network.
• 30:51
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• 30:54
  Speaker 1: Into our regular email that comes out to you. It's
• 30:58
  Speaker 1: our full-blown research. We do it here on the show,
• 31:02
  Speaker 1: but most of the time we'll release it to people
• 31:06
  Speaker 1: that are on our list early. So if you're on
• 31:10
  Speaker 1: the list, you guys can, of course, jump in and
• 31:13
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• 31:18
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• 31:20
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• 31:22
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• 31:25
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• 31:26
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• 31:29
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• 31:31
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• 31:35
  Speaker 1: We've been, you know, of course, giving you some calls
• 31:37
  Speaker 1: and all that good stuff, but you guys can do that.
• 31:40
  Speaker 3: Absolutely easy to do.
• 31:43
  Speaker 1: There's our levels, which is Ruby and Forge, which is
• 31:46
  Speaker 1: all of our research for everything that we're doing. Evan,
• 31:49
  Speaker 1: the market right now, In terms of, are you bullish
• 31:54
  Speaker 1: for the rest of the year, or are you in
• 31:56
  Speaker 1: a holding pattern?
• 31:56
  Speaker 2: I'm more crabbish for the rest of the year. I do,
• 31:59
  Speaker 2: it's hard to say. I do think we consolidate overall
• 32:02
  Speaker 2: from now until the end of the year, the quarter
• 32:03
  Speaker 2: one's going to be. The summer could be good, though.
• 32:05
  Speaker 2: It's hard to say. It really is hard to say.
• 32:08
  Speaker 2: I think it's very foolish to try to sell a
• 32:09
  Speaker 2: big one right now, significantly below an all-time high. I
• 32:12
  Speaker 2: think this is still a buy DCA area. Seasonality and
• 32:16
  Speaker 2: midterm elections and all that type of stuff would probably
• 32:18
  Speaker 2: tell you we will go at least a little bit lower,
• 32:20
  Speaker 2: but There's nothing considerably major that concerns me right now.
• 32:25
  Speaker 2: Market still looks very good in the macro.
• 32:27
  Speaker 1: I am very bullish through the end of the year.
• 32:29
  Speaker 1: I think we may have a post-midterm run. So look
• 32:34
  Speaker 1: for mid-November into December, like you're kind of leading to.
• 32:38
  Speaker 1: But I think we may actually have a very healthy
• 32:40
  Speaker 1: run because I anticipate that there could be some major
• 32:43
  Speaker 1: changes on the front in the Middle East. And I
• 32:48
  Speaker 1: also anticipate there will be some major changes with the
• 32:51
  Speaker 1: Fed's narrative going forward, especially on the outlook for the
• 32:55
  Speaker 1: December FOMC. So be on the lookout for that December FOMC.
• 32:59
  Speaker 1: That's when I think you'll see the term starting to
• 33:02
  Speaker 1: set up. And then also just in general, the bullish
• 33:05
  Speaker 1: nature of what's going on with the SEC and the
• 33:07
  Speaker 1: CFTC make me much more bullish into the end of
• 33:10
  Speaker 1: the year. If you guys want to visit Evan Aldo's
• 33:13
  Speaker 1: YouTube channel, you can do that. Just search Evan Aldo.
• 33:16
  Speaker 1: He does Bitcoin trading, macro allocation strategies, all that good stuff.
• 33:21
  Speaker 1: What are you offering right now besides trading tactics? Do
• 33:26
  Speaker 1: you do anything else within your platform?
• 33:30
  Speaker 2: It's a lot of macro allocation. Yeah. A lot of trading.
• 33:33
  Speaker 2: It's mainly, you know, longer term swing, momentum swing trading.
• 33:37
  Speaker 3: OK.
• 33:37
  Speaker 2: In addition, for people who aren't really traders, it's macro
• 33:41
  Speaker 2: allocation where you're only doing, you know, one trade every
• 33:44
  Speaker 2: few months. Yeah. Following kind of, yeah, the base of
• 33:47
  Speaker 2: the momentum, essentially building portfolios. So, yeah.
• 33:50
  Speaker 3: I love it. I love it.
• 33:52
  Speaker 1: All right, guys, we're going to catch you next week.
• 33:53
  Speaker 1: I'll be back in studio. We've got a lot of
• 33:56
  Speaker 1: new guests coming on next week. So make sure and
• 33:58
  Speaker 1: subscribe to the channel if you haven't done that already.
• 34:01
  Speaker 1: And we'll catch you guys later. If you like this video,
• 34:10
  Speaker 1: hit like and subscribe, drop a comment down below and
• 34:12
  Speaker 1: also join our free private member group.
• 34:15
  Speaker 3: The link is in the description.