Latest / The Paul Barron Crypto Show / 20X Crypto Bet on Election🚀with Jackie Dutton
Transcript
- Let's talk a little bit about djons and what crypto connections are and how it all ties into politics. You guys are going to love this one. Today We've got a special guest. It will be fun. Moname is Paul Bara. Welcome back into tech path. Before we get started, I want to thank our sponsor, and that is Tangentum. Self custody wallets are the way to go. It's one of the best ways for you to get started in crypto. Maybe this is your first time to say, well, maybe I need to move my tokens off of a centralized exchange and take a look at self custy. Well, Tangum is the route to take. Go over and visit that. Just tangum dot com. Make sure and hit that get tangum. This of course is going to get you a secure wallet set up. You can use this along with your app and it is one of the best ways I have seen out there to start actually doing your own self custody of your crypto. So check it out. You guys all love it. Use our code you get a ten percent off. Let's go into a few things, and of course I want to welcome back into the show, Miss Jackie Dutton. Great to have you back. How are you, Jackie, I'm great. I'm looking forward to a fun Fourth of July this week. How about you? Hot dogs, Hamburgers and Joe Biden steps aside. We'll see, we'll see how that goes. I've got some stuff for you. One. I want to lead off with mister Vettallic Buterin. He's talking about prediction markets and community notes are becoming the two flagship social estemic technologies epistemic techtologies of the twenty twenties, truth seeking and democratic. I like this because when you look at polymarkets. We've shown this a couple of times. You look at the growth of polymarket not bad for active users and traders just in the last little bit, and we have a whole clip on this, but you have you checked out polymarket yet? Oh? Yeah, yeah, I really love you know the second something happened. No, but I really wish I would have taken the one about Joe Biden dropping out, because just a week and a half ago it was like its six percent. Yeah, now it's like at thirty eight. We'll show that in a second. I want to get into I want to get into this today because this, uh, this is a good one. It's a clip that I want you to listen to and kind of give me your opinion on it. Let's go. Let's go ahead and cut to the clip. Okay, we're all right. I don't think he's gonna say correct, dude, that's not happening. I'm betting though. Saw that he said Israel never heard so much more. I came home lord Lord stage is a convicted Fellows. Convicted fellaw congratulations. All right, well this is fun. I mean, you know, when when you're dealing with politics and d j n's at the same time, it's a natural evolution that we're seeing. And of course, bam, there you have it. Biden drops out of presidential race. The percentage right now thirty nine percent. So what do you think is going to be the case? I think you're right. It was like twenty two percent, not too on the twenty fifth, and here we are in July first, starting to come back up here at about a thirty nine percent. What's your opinion on this? I think this guy's going to drop. Oh man, well, I do know the impact on the meme coins that are like kind of around this. The meme coins took a really bad hit if they had anything even remotely to do with Biden. So this I just think this is so fun. It's like squares, you know, around Super Bowl time. It's just Dejon fun behavior, you know. And I hope no one's taking this too seriously, but occasionally I see someone make incredibly large leverage bets that they probably should not. Listen, you could buy this one right now, thirty nine says, So maybe we get a one X on this potentially, but there are some other ones that are lined up within this. I want to also get into the idea of whether or not Joe Biden could stay away from the race, because that's going to be one of the big bets here. One of the key dates that we're looking at is this date right here for Georgia. This is July ninth, when it's the last day for an independent and a political body candidate for president MVP to file a nomination petition. So this is kind of the day that Biden would have to make the decision of yes, I'm running or no, I'm not running. So where are you in the camp right now? In terms of Biden stepping out of the race, I don't see how he can without them opening the door to the twenty fifth Amendment right now. They have too much to lose moving forward, because if you admit that he's not fit to run in the next term, you then are admitting that he's actually not fit to be president right now. So then you open the door. Come then everything else. I feel I feel like he could get away with this, Okay. I think if he just he came out and said, listen, I've considered, you know, I want to be a patriot, you know, a strong statement, you know, getting get a little bit of juiced up Joe in there, you know, play a nice sub line of beautiful you know music that's coming behind it. Remember what. Yeah, yeah, I think he could pull it off. And then you go to an open convention and he's got to do it. Here's my prediction. Biden steps out of the race this week. He's out. Don't know who's coming in, but he's out. I don't think he does. Okay, all right, well you got it. Me and you are on the other sides. Here here's the reason. You got to look at the uh the twenty twenty presidential results. Okay, and look you there, Boom, Georgia. And if you look at where we are right now. I mean that alone should tell you. This is the twenty currently, this is what the electoral college, So no toss up states right now. Pretty much this is already done before it's even started. So why wouldn't you not risk it as a Democratic Party to say, you know, our candidate's toast anyway, let's go ahead and put mister Newsom in Okay. Look, as a native Californian, let me tell you there are a lot of people who fled that state in the last five years because of his you know, the way that he's mishandled everything about California. So I just don't see that Gavin Newsom's chances are better. I want to play this one because this is an important clip I think from Mike novograts, because this is important to the crypto community. It was the worst debating presidential history from the donor class perspective. To the degree you think it has any influence over the future nominee, do you believe that there's a crowd of people that are going to this president and saying we're not giving you money, we're not ill you. What's going to happen here? I know there is there is a bunch of donors that are furious, that are trying to use all their levers of pressure they can. You know, it's time for Kim Jeffries and Chuck Schumer and other senior Democrats to start speaking out and putting pressure on him, because otherwise we're going to lose. It doesn't feel like a smart strategy When seventy two percent of the American public says we think you're toold to run for president. That's not seventy two percent of Republicans, it's seventy two percent of the electoral base. Mike, were you just willing to go along with it before Thursday or no? Joe I have been. I have been, Okay, you haven't wanted him for a while, but you're being given money to him. I have not given Joe Biden any money on this in this four years. I gave him money last time. Listen this this term, I've given money to Democrats and Republicans, right, I mean, I need to support the crypto industry as well as the rest of my well, you believe that's what I was going to go with it as a as a as a guy in the crypto business. One of the things that's been fascinating is to see form President Trump come out quite publicly as an advocate for crypto cryptoregulation. Has that with the program you did, with the program Your Businessman, Your Businessman. Cryptos should be by parts and needs to be bipartisan. We can't have one party that likes us in the other party that doesn't. And I would tell you that most Democrats outside of Elizabeth Warren and a small group of people, are pretty pro innovation and pro crypto, and so it's been unbelievably frustrating. That said, that's all shifting, and you can listen, no matter who wins the next election, we're going to get positive crypto legislation. I know that based on that. Jackie, You've got Joe Biden at sixty seven this is the current incumbent at sixty seven percent. And then of course we don't know who else other could be. You know, Gretchen Whitmer, you got here, We have Michelle Obama here and then of course your favorite person of all, mister Newsom there right there at the bottom. I'm going to take this bet. I'm going to go with the five point nine. I'm going to put that bet out there on polymarket right now, because that look at what that pays. It pays ninety four point two. I mean, come on, that's Djen territory. We got to go is Degen gambling rules one oh one GN this one thousand X from here, go for the abstract and go for it. I'm going for it. Okay, you guys heard it right here on PBN PBN Exclusives. I'm going for Newsom to come in with a ten X. Here's Jake Tapper CNN grilling the Biden campaign. Listen in. Everybody has a bad night, So with all due respect, it is not honest to say that this is just one night. Secretary, I'm not sure going to do all the way. That doesn't trouble me at all, Jake, Frankly, you can put up a dozen clips of me, of you, of anybody who's on TV who speaks publicly all the time, and I don't think it's fair to compare you or me losing our train of thought with whatever we saw on the debate stage on Thursday and that little clip from two weeks ago. But let me move on to one other question. The Biden campaign wrote in an email this weekend, quote we'd switched to candidates who would, according to pols, be less likely to win than Joe Biden, the only person ever did defeat Donald Trump unquote. Then the email goes on to show pulling from to be honest, partisan Polsters, The shows Vice President Harris, Governor Gavin news Buddha edge and how they match up. Now. To be frank, they're only one percentage point behind Joe Biden in those head to head matchups with Donald Trump, So it does not actually look as though there would be that much of a difference between the guy who has been president for three plus years and has been spending tens hundreds of millions of dollars running as a Democratic nomanee and the people who haven't even been running. What's your question, Jake, how does that make? How does that make your point? Jake? I may be missing something. You're asking me to explain and defend an email that I'm not that I didn't author or send out. Let me just ask you, do you truly think that President Biden is the strongest candidate to take on Donald Trump in November? I think Joe Biden, two things, is the strongest, most accomplished president we've had in my lifetime. Not the question he's going on. We are headed in a strong direction, and he's not a great platform to run for reelection. He is not the only Democrat who can run for president. That's not what I'm saying, all right, So there you have it. I mean, CNN, which has been very favorable to Biden in the past, of course, did not throw him a lifeline if they if he stays in the race, could he do anything that would maybe at least win the crypto crowd. What would be one thing he could do to win the crypto crowd. He'd have to fire Gary Gensler himself. And yeah, yeah, I Gary Gensler would have to go at this point, I think that would be it. All right, Well, that's the point I believe we're hitting on. Crypto takes fight at fight with the SEC directly to Biden and Trump, and a couple of points here in this article on a showcase right here. In recent weeks, Crypto Investor has raised several names of potential nominees s he for the SEC commissioner in the event that Trump is elected second term. Courting three people of knowledge, you know this is going to be a GM Carlow Heath Tarbart. Remember gian Carlo. This guy right here, he's been on our show before. This is the past CFTC guy. Then you've got another name that's come up is Dan Gallagher, and he served as an SEC commissioner under Obama. And this guy now works for guests who Robinhood. There's an end right there. I mean that would be a Democrat replacing a Democrat while he's in office to try to win the crypto vote. Maybe. I think that would certainly spice up the war between Robin Hood's emerging crypto and coinbase. Is all of the sudden this going to be more favorable towards Robinhood. Remember we have this crypto roundtable they're doing, you got Cube and Rocanna. It's very critical. If he doesn't step down, then you know that probably goes through. If he steps in, obviously that's going to get canceled. My assumption is it would get canceled. But do you think that this is going to give him any kind of credibility with the crypto community by executing on this roundtable? I guess we'd have to see the results, But what are your thoughts on it? None at all? If his conversation is anything like that debate. I don't know what any of them would hope to actually get out of it. You know, he can barely recall his own facts and things that he was there to speak about, let alone completely understanding the crypto industry in a one hour meeting. Yeah, for sure. I want to flip over to a little bit what's happening in the meme coin community, some of the things that are starting to see and we've seen a little bit of action here recently, Fun pumped off fund overtakes Ethereum two million in daily revenue to take the number one position. How long does this hold, Jackie? What are your thoughts on this? I don't think this holds much fast the ETF. Yeah, but it's fun. It's you know, it's just speculation at the end of the day. With pumped up fun. You've got this right here. I mean, come on, salt of meme coin, Billy, this is one I'm starting to look at just because of that puppy. I mean, this is what's gonna win. This thing got one hundred million in market cap. So Billy becomes what are they saying, Billy becomes a billy. A couple of other ones Bak is starting to take a move right here. I'm looking at the all time, but if you take a look at the month, it's starting to come off of that bottom. Uh. I like Bass just because I think on chain summer being around the ability to text people a token very interesting as far as that Coinbase walld is concerned, and that only happens with the base tokens, although Blink's coming out very strong talk about that. Yeah, you know, I think ultimately Coinbase is very much king of the castle in the US, but Selana, I think seems to have a lot more worldwide Dejon activity. Yeah, but yeah, I thought Mogg's rise was interesting recently with mog so they seem to be taking back up another big mover that we've seen. And I'll show you the chart on this Helium Mobile comes in. They've got this crazy promotion where they're doing thirty two random sub subscribers are going to get gifted five thousand in mobile token and this is going to happen every hour or so? Is that with the way I think it was playing out? So this is pretty significant. If you look at the chart right now in mobile token, this is mobile token right here and starting to see a one x return right here, just in a handful of days. If you look at memes right now, would you still crown Solana as meme coin champion, Yes, just because it spurred all that activity from December and onward. Definitely, and it remains that way. Of course, I'll get a bunch of payt in the comments because they're always you know, the ultimate Oh you talk about Yeah, I see that one. It's Aalana Foundation head of ecosystem engineering talking about actions and blinks and of course for you, for some of you may not be aware of what blinks and actions are. Basically, it's a way to engage inside social media and be able to right activities on blockchain. But there are some limitations on blinks. You've got to go in and add this dialect blinks and then when you get in and actually use this one, this is one where someone doesn't have the widget there. If you do that, then it's going to take you off site. And this essentially is going to how you would integage engage with that. Do you think this picks up? Do you feel like that's too clunky for it to really get mass adoption? Yeah? If I sent this to people in my family, like my aunts, and I was like, here's this link, here's some crypto and it there's this connect wallet. But they're going to be like, what is this. I want to jump over because this is Corey from Honeyland. He's been oursh a couple of times. This if you guys haven't checked out Honeyland. It's a game Oncelana, one of the original games on the first Saga that ended up doing some air drops on it. But here's Corey talking about blinks and his opinion. Take a look, and so I was like, cool, how do I do this? So I went to start building and I I'd like a full document of like I'm sorry, but like, if this is how I go get a link created to be able to share this, it's impossible. Their video is like we're now bringing web three to everybody in the world, and it's like, no, you're not. You're literally bringing to somebody who already has a phantom wallet with a Solana account tied to it with USDC on soul or sool on Soul that's gone to their phantom settings and selected this thing like you're talking to Like most Djen Web three Solana maxis are the people who can do this, and the only people who can use it are the people who don't need it, So it's more of a solution looking for a problem than the other way around. Transparency. I've never logged into or done anything with Forecaster, So yeah, so you know, he mentioned Forecaster right there at the end. Forecaster known for you know, true native Web three. Do you think it's going to take a Farcaster to win the social component or do you think someone like a meta or even an X with elon figures this out. Yeah, it's always going to be easier to go to the source of you know, you you bring the watering hole to the group of the herd as opposed to you know, or just go over the one where they already are, is what I'm trying to say. I'm not trying to have a bite a moment, but they you know, when everybody's already standing around, it's much easier to hand things out than it is to be on the other side of the room and be like, come over here and try this. Of course, if far Caaster continues this kind of growth, I was looking at their chart right here. That's pretty good growth right there, Jackie. If this gets going. It's still a little bit flat. We haven't seen like we need to see that the little jet take off. You know, that's when you know you have something going out there for sure. All right, other things right here, this is kind of cool right here, paying on warp cast as an example of being able to do it. It's pretty slick as it is right now. This gets back to the whole argument of native I think we have a little bit of a ways to go. For sure. What are you watching this week that you think we need to be keeping an eye on, No tokens, but just in general, any kind of news right now, whether it's political or something that is leaning heavy into the dj community. Well, definitely the ETF approval after the fourth of July holiday, for sure, and then obviously the you know, the Democratic nominee I did see today they just postponed Trumps sensing now so they're delaying. Oh the you know outcry that would come from trying to do that. Oh well, that would only get him another one hundred million most likely. You know, that's probably what I would do, pour in more more campaign fire for for the Republicans that these guys. All right, Jackie, will we come back on this one. We're going to have a new democratic nominee and oh okay, it's newsome your poly market bets. I will win my polling market bet, and everything's going to be great, you know in dj Land. All right, Yeah, we'll catch you next time. Thanks for coming in today. We appreciate it, all right. So you guys, if you're not in the Diamond Circle, get in that. It's a great place to get additional content. We've got some really cool things, in fact, coming in on the Diamond Circle. We're getting ready to launch our communities on the Diamond Circle, which we have never had before. We've had to use these third party apps like Slack and Telegram and all that kind of stuff that is kind of risky out there for our users. So we've been able to build that into our platform. You guys will be getting notices over there on how to get engaged on it. We're going to do some cool things over there. That's also where we'll drop a lot of our content, So get ready for some big changes over there. If you're not part of the Diamond Circle, get in right now. We'll leave a link down below. Click that and join. If you're not following me, on X do that as well. It's just at Paul Baron. We'll catch you next time. Right here, i'll tech path