Latest / The Paul Barron Crypto Show / Michael Saylor Sells $216 Million More Bitcoin🔥Crypto Market Update

Transcript

Michael Saylor Sells $216 Million More Bitcoin🔥Crypto Market Update · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Sailors never sell narrative is now over and what does
• 0:03
  Speaker 1: that mean for the market. Well, we'll break it down
• 0:04
  Speaker 1: for you guys. Let's just jump right into it. Before
• 0:07
  Speaker 1: you get into it, I do want to thank our
• 0:08
  Speaker 1: sponsor and this is a special offer for you guys.
• 0:12
  Speaker 1: OKX is running an exclusive affiliate offer where you can
• 0:15
  Speaker 1: earn up to five hundred dollars in XRP rewards just
• 0:18
  Speaker 1: by hitting a few simple milestones. Step one, Tier one,
• 0:22
  Speaker 1: you can complete the KYC you get ten dollars in XRP.
• 0:26
  Speaker 1: If you go to step two, which is one hundred
• 0:28
  Speaker 1: dollars on a deposit, you get another forty. Then you
• 0:32
  Speaker 1: can bump that deposit and trade volume of just one
• 0:34
  Speaker 1: thousand dollars and you grab an additional one hundred dollars
• 0:38
  Speaker 1: in XRP. Best of all, for the heavy hitters out there,
• 0:42
  Speaker 1: if you deposit and trade ten grand, you can unlock
• 0:46
  Speaker 1: a massive three hundred and fifty dollars XRP reward. This
• 0:49
  Speaker 1: stacks onto all of this so boom, you get up
• 0:52
  Speaker 1: to five hundred dollars max earning and it's paid directly
• 0:56
  Speaker 1: out in XRP. So click the link down below, you guys,
• 0:59
  Speaker 1: are want to miss this one. It is an awesome one.
• 1:02
  Speaker 1: I also want to touch on one point right here.
• 1:05
  Speaker 1: This was a tweet that of course Michael Saylor put
• 1:07
  Speaker 1: out and he says Strategy is sold thirty five hundred.
• 1:09
  Speaker 1: This was the announcement two hundred and sixteen million bitcoin
• 1:13
  Speaker 1: in bitcoin to fund dividends. And this in reference to
• 1:16
  Speaker 1: the digital credit securities for Stretch. Okay, so if you
• 1:18
  Speaker 1: guys don't know, if you're brand new the channel Stretch
• 1:20
  Speaker 1: out there pays dividends, do it a couple of times
• 1:23
  Speaker 1: a month. Strategy has been out there. They don't have
• 1:26
  Speaker 1: to sell. They got a bunch of cash on the
• 1:27
  Speaker 1: reserve side. But they're doing it, we believe, to test
• 1:31
  Speaker 1: the market. And of course that is the point that
• 1:33
  Speaker 1: we're going to get into today because what is this
• 1:35
  Speaker 1: going to do to bitcoin in general? If you look
• 1:37
  Speaker 1: at Strategy as a whole, master has fallen out over
• 1:42
  Speaker 1: the past year. This is the amount that it is
• 1:44
  Speaker 1: down seventy five percent, So that's a significant amount if
• 1:47
  Speaker 1: you're a stockholder of micro Strategy or Strategy right now.
• 1:51
  Speaker 1: And that is the point that we're getting at Strategy
• 1:53
  Speaker 1: course and their position around this dividend is the issue.
• 1:56
  Speaker 1: This is going need to continue, going to continue. If
• 2:00
  Speaker 1: you are a STRETCH holder, you are getting these kinds
• 2:03
  Speaker 1: of dividends paid out to you, and it's increased over
• 2:06
  Speaker 1: what was originally at eleven percent, now above that. So
• 2:10
  Speaker 1: all of this playing out in the market wide open,
• 2:13
  Speaker 1: and of course everybody's talking about it, including Peter Schiff.
• 2:16
  Speaker 1: He comes on micro Strategy spent the last two weeks
• 2:19
  Speaker 1: selling bitcoin. The average price on that was sold at
• 2:22
  Speaker 1: sixty thousand. Given masters average costs, that's a realized loss
• 2:25
  Speaker 1: of about fifteen thousand per bitcoin, or about fifty four
• 2:29
  Speaker 1: million based on this seal. So the question is how
• 2:32
  Speaker 1: long can this last? If you look at this continuing
• 2:36
  Speaker 1: and if you kind of compare what other people are
• 2:39
  Speaker 1: looking at. Zach Pandele comes on the show, often coming
• 2:42
  Speaker 1: in from Gracial. He says, in my view, bitcoin sales
• 2:44
  Speaker 1: by Strategy are needed to restore confidence in Stretch and
• 2:48
  Speaker 1: its structural in general. And I think this is the point.
• 2:52
  Speaker 1: If he's meeting Michael said, or if he's restoring confidence
• 2:55
  Speaker 1: to the market saying hey, it's okay if I sell
• 2:57
  Speaker 1: some bitcoin to be able to handle some of these
• 3:00
  Speaker 1: for these dividends it's not going to affect the market,
• 3:03
  Speaker 1: or is it? Because remember the first time, and I
• 3:05
  Speaker 1: think that's the narrative that everybody's kind of worried about,
• 3:08
  Speaker 1: is that Michael Sator was kind of a never be
• 3:10
  Speaker 1: a net seller. But I think that time has changed,
• 3:14
  Speaker 1: and it's also repositioned Strategy going forward. If you look
• 3:17
  Speaker 1: at the Bitcoin reaction far less to Strategy's latest versus
• 3:23
  Speaker 1: much larger scale, and you consider the last one that
• 3:25
  Speaker 1: we saw just a small amount but had a pretty
• 3:28
  Speaker 1: big breakdown, and then eighty six times larger by dollar value,
• 3:34
  Speaker 1: had a big breakdown, And here we are on July sixth,
• 3:37
  Speaker 1: Strategy sells the two hundred sixteen million, and also a
• 3:42
  Speaker 1: breakdown from around sixty three high to where we are
• 3:45
  Speaker 1: trading right now as we're recording, Bitcoin has bounced back
• 3:49
  Speaker 1: up above sixty three. Case. If you go to this
• 3:51
  Speaker 1: tweet right here, it kind of breaks down the timing here.
• 3:55
  Speaker 1: One of course you got to look at is June
• 3:57
  Speaker 1: twenty ninth, that's where thirteen hundred went out, and then
• 3:59
  Speaker 1: we saw July first, just a few days later, another
• 4:02
  Speaker 1: twenty two hundred go out. So that was the total
• 4:05
  Speaker 1: aggregate sale price of what was going on. And that's
• 4:10
  Speaker 1: the point I think is if you look at this,
• 4:13
  Speaker 1: could we see more spacing like this every few days
• 4:17
  Speaker 1: another flow of bitcoin goes out. Is that something that
• 4:20
  Speaker 1: is going to become a commonplace for strategy and will
• 4:24
  Speaker 1: the market actually respond that way. Fong Lee, who is
• 4:28
  Speaker 1: the president of Strategy, said, strategy is evolving from a
• 4:32
  Speaker 1: one way capital issuance to an active capital management and
• 4:35
  Speaker 1: this is what he's talking about in terms of selling
• 4:38
  Speaker 1: some bitcoin. But if you look at the narrative that
• 4:41
  Speaker 1: this kind of breaks down because a lot of people
• 4:43
  Speaker 1: were saying that stretch was going to zero, they're now
• 4:47
  Speaker 1: arriving at the completely wrong conclusion about strategies bitcoin sale.
• 4:51
  Speaker 1: What they're getting at is this has destroyed the Ponzi
• 4:54
  Speaker 1: narrative and is clear demonstration of their willingness to sell
• 4:58
  Speaker 1: bitcoin if necessary, and that I think is the key
• 5:02
  Speaker 1: statement right there, if necessary. This makes me believe that
• 5:06
  Speaker 1: this move is really just to let the market know
• 5:09
  Speaker 1: that this is something that can happen and hopefully the
• 5:12
  Speaker 1: market doesn't react. It's also about proving that they can
• 5:15
  Speaker 1: monetize their holding even during a bitcoin stress word used
• 5:18
  Speaker 1: by S and P Global back in October when they
• 5:21
  Speaker 1: assign strategy, they're b rating, So that all makes sense
• 5:25
  Speaker 1: going to where we are now, and that is what's
• 5:28
  Speaker 1: bitcoin going to do if we continue to see this
• 5:32
  Speaker 1: going forward. Take a look at this clip.
• 5:34
  Speaker 2: If you look at it from their perspective. In aftermath,
• 5:37
  Speaker 2: they took a big realized loss which is going to
• 5:40
  Speaker 2: help with their tax which is going to help with taxation,
• 5:43
  Speaker 2: and they're now funded. So there's no reason for MicroStrategy
• 5:47
  Speaker 2: to be a drag on Bitcoin. Is no reason to
• 5:50
  Speaker 2: believe anything other than the fact that if Bitcoin rises,
• 5:53
  Speaker 2: they will be able to pyramid in because of the
• 5:57
  Speaker 2: quality of their balance sheet, et cetera, et cetera. Me,
• 6:00
  Speaker 2: it's not a big deal. It is, however, indicative. It's
• 6:05
  Speaker 2: much more of a big deal for MicroStrategy stock than
• 6:08
  Speaker 2: it is for Bitcoin. I think at this point, I
• 6:10
  Speaker 2: think it's actually net positive for Bitcoin that it happened
• 6:12
  Speaker 2: and people didn't know. I mean, if you look, I
• 6:14
  Speaker 2: mean the fact that that Bitcoin sold off on this
• 6:19
  Speaker 2: sailor news while Ethereum and Salona really didn't, is hyper
• 6:25
  Speaker 2: Liquid certainly didn't is interesting, right, you know, It's just look,
• 6:30
  Speaker 2: it's green shoots, very very very early green shoots of
• 6:33
  Speaker 2: capital rotation, and I actually I'm more like Mike. I
• 6:38
  Speaker 2: don't think much is going to happen, at least for
• 6:40
  Speaker 2: the summer. I don't think much is going to happen
• 6:41
  Speaker 2: over the next couple of months. But you know, you know,
• 6:44
  Speaker 2: we shall see. But it certainly is. I wouldn't have
• 6:47
  Speaker 2: guessed this would have been the reaction.
• 6:50
  Speaker 1: All right, So to their point right there, as they feel,
• 6:53
  Speaker 1: these are very pro bitcoin analysts out there on the
• 6:56
  Speaker 1: Scott Melkers show over there, So I think that's the question.
• 6:59
  Speaker 1: Maybe you guys could also drop some comments down. I'm
• 7:01
  Speaker 1: kind of curious, what do you think. Do you think
• 7:03
  Speaker 1: this is going to continue to put pressure on bitcoin
• 7:06
  Speaker 1: like it has in the past or is it now?
• 7:09
  Speaker 1: Oh no, this is normal everyday business processes with strategy,
• 7:14
  Speaker 1: and bitcoin doesn't have a concern every time say it,
• 7:18
  Speaker 1: our sales regardless of how much the overhang becomes less
• 7:21
  Speaker 1: and less of a narrative driver for a lower Bitcoin.
• 7:24
  Speaker 1: And that's the point that I think that he's getting to.
• 7:28
  Speaker 1: And now that we've talked to a handful of analysts,
• 7:30
  Speaker 1: including some of the bigger bank guys, who are kind
• 7:33
  Speaker 1: of coming to that very point is also in that
• 7:35
  Speaker 1: same point, and that is a little bit out let
• 7:38
  Speaker 1: a little of this happen, and it's starting to prep
• 7:40
  Speaker 1: the market for a new way that strategy is managing
• 7:43
  Speaker 1: their bitcoin. All of this is now moving in I believe,
• 7:48
  Speaker 1: maybe into a position at least neutral on bitcoin. If
• 7:52
  Speaker 1: you look at eth is flooding into the robin Hood
• 7:54
  Speaker 1: chain right here, eth Bridge from the Ethereum to robin
• 7:57
  Speaker 1: Hood chain serves ten x in just a few days.
• 8:00
  Speaker 1: We've talked about this over the last couple of weeks
• 8:03
  Speaker 1: of the launch, with last week it's early sign users
• 8:06
  Speaker 1: are moving capital on robin Hood's new Ethereum layer two,
• 8:09
  Speaker 1: more eth Bridge, more L two activity. All of this
• 8:12
  Speaker 1: is good I think for Ethan general. And when you
• 8:15
  Speaker 1: look at the latest crypto liquidity overall, USDC and USDT
• 8:19
  Speaker 1: both market caps wise have been falling three point six
• 8:23
  Speaker 1: and two percent over the last thirty days, So that's
• 8:25
  Speaker 1: another one. A lot of pressure on crypto right now.
• 8:28
  Speaker 1: Liquidity is starting to play into this. Are people maybe
• 8:31
  Speaker 1: having to pay some shorts. Are they in a position
• 8:34
  Speaker 1: right now where they're rotating capital out of USDC or
• 8:37
  Speaker 1: stable coins into something on the market because the market
• 8:41
  Speaker 1: might be responding up if you look at where a
• 8:44
  Speaker 1: lot of people are considering that the market may go
• 8:47
  Speaker 1: based on Clarity. If you look at Clarity though, we
• 8:50
  Speaker 1: missed the July fourth date, which was a huge date
• 8:53
  Speaker 1: to miss. I think Trump kind of wanted this to happen,
• 8:57
  Speaker 1: but of course it did not. And one thing to
• 9:00
  Speaker 1: kind of make note of right here, center returns from
• 9:02
  Speaker 1: July fourth on July thirteenth, So that's still next week.
• 9:06
  Speaker 1: Roughly three usable Senate work weeks remained before the chamber
• 9:09
  Speaker 1: disperses in August. Then three fights have also have blocked
• 9:14
  Speaker 1: the cloture vote, which is what's needed to pass the
• 9:18
  Speaker 1: unresolved issue this morning. So point being is this could
• 9:21
  Speaker 1: go well into August, maybe even to early September before
• 9:25
  Speaker 1: we get some sort of activity. Many people I've talked
• 9:28
  Speaker 1: to over the last year have always said that this
• 9:31
  Speaker 1: would never go this late because of midterms. And now
• 9:34
  Speaker 1: here we are and it's going this late and midterms
• 9:37
  Speaker 1: are up, honest, and does it have a factor into
• 9:41
  Speaker 1: this and does it really matter? I think that's the
• 9:43
  Speaker 1: question that a lot of people are looking at. Clarity
• 9:46
  Speaker 1: Act signed in the law, even though in the last
• 9:48
  Speaker 1: week it came off a floor which was around thirty
• 9:51
  Speaker 1: nine to forty percent, and it started to move up
• 9:53
  Speaker 1: a little bit. Who knows why. Maybe the fact that
• 9:57
  Speaker 1: it's still living is the key thing there. Okay, so
• 10:01
  Speaker 1: let's move back to bitcoin for a second. I want
• 10:03
  Speaker 1: to show you guys something that just recently happened right here,
• 10:06
  Speaker 1: and that is Trump saying that something could happen in
• 10:10
  Speaker 1: regards to bitcoin going into the Trump account. So he
• 10:14
  Speaker 1: says it, right, you're a big fan of crypto, maybe
• 10:17
  Speaker 1: something could happen. You look at that, and I want
• 10:20
  Speaker 1: to go to a clip here that will kind of
• 10:21
  Speaker 1: explain it a little bit more. Take a look plans
• 10:24
  Speaker 1: to put.
• 10:24
  Speaker 2: Bitcoin in this Trump accounts.
• 10:26
  Speaker 3: Well, I'm a big crypto. I've become a big crypto
• 10:28
  Speaker 3: guy only for one reason. If we don't have it,
• 10:32
  Speaker 3: China is going to have it, and they would like
• 10:34
  Speaker 3: to have it. And I got involved in a little
• 10:36
  Speaker 3: bit for politics, you know, because I realize a lot
• 10:39
  Speaker 3: of people love crypto.
• 10:40
  Speaker 1: All right, So, as you can see, the political landscape
• 10:44
  Speaker 1: is very critical right now. This of course, with what
• 10:47
  Speaker 1: Trump is trying to do, clarity is going to be
• 10:50
  Speaker 1: a pivotal point, I think, not only in the market,
• 10:52
  Speaker 1: but also how the White House is going to be
• 10:55
  Speaker 1: dealing with is because remember one of the biggest issues
• 10:58
  Speaker 1: that Clarity is facing is the ethics issue overall. If
• 11:02
  Speaker 1: you consider what we won't go into a lot of
• 11:04
  Speaker 1: what Trump has done in terms of performance, which he's
• 11:06
  Speaker 1: been a very good crypto investor in general, but it
• 11:10
  Speaker 1: will start to, I think, play a big role. The
• 11:13
  Speaker 1: other things that are going to play a big role
• 11:14
  Speaker 1: in the markets going forward, at least from where we
• 11:16
  Speaker 1: are right now, is what's going to happen in the
• 11:19
  Speaker 1: IPO side and who and what's going to happen in AI.
• 11:24
  Speaker 1: Chat GPT five six drops this week. When this happens,
• 11:28
  Speaker 1: we could remember open Ay going to be another IPO
• 11:31
  Speaker 1: coming out. We've got Anthropic talking about another one going out.
• 11:34
  Speaker 1: So the next seven days could decide the entire AI market,
• 11:37
  Speaker 1: meaning the fight between Anthropic and also remember Fable five
• 11:41
  Speaker 1: just got re released, so it's available now out there
• 11:44
  Speaker 1: today and Chat GPT five six has to be able
• 11:48
  Speaker 1: to go out there and compete with it. All of
• 11:49
  Speaker 1: this is really posturing for these IPOs going down to
• 11:53
  Speaker 1: the wire, and Tom Lee talks about this, so he
• 11:56
  Speaker 1: talks about the fact that we could still be bullish,
• 12:00
  Speaker 1: but yet still have a bit of a pullback. Take
• 12:02
  Speaker 1: a look, eight thousand is doable this year?
• 12:06
  Speaker 4: Yes, the S and P. Yeah, you know even eighty
• 12:09
  Speaker 4: four eighty eight hundred kind of would be the upside
• 12:12
  Speaker 4: into your end. But I do think between now and
• 12:15
  Speaker 4: your end there should be you know, something that might
• 12:18
  Speaker 4: feel like a bear market too. Not in July, but
• 12:21
  Speaker 4: maybe you know, between August and October. Why not in July?
• 12:26
  Speaker 4: June wasn't a great month. And so and I think
• 12:29
  Speaker 4: there are a lot of fund managers trailing the benchmark
• 12:32
  Speaker 4: this year. You know, only twenty three percent of fund
• 12:34
  Speaker 4: managers are beating the large cap growth index. That's the
• 12:37
  Speaker 4: lowest number in almost five years. So I think there's
• 12:40
  Speaker 4: going to be a lot of dip buying this month.
• 12:41
  Speaker 1: What is a what do you mean it feels like
• 12:43
  Speaker 1: a bear market? Doesn't go down twenty percent?
• 12:48
  Speaker 4: Uh?
• 12:48
  Speaker 1: You know it might? All right? So wow, interesting statements there.
• 12:54
  Speaker 1: So Tom still believes we've got a high market coming,
• 12:58
  Speaker 1: but yet there could be a major into what the
• 13:01
  Speaker 1: analyst was asking him direct, could a twenty percent And
• 13:05
  Speaker 1: Lee is kind of on the fence about it, but yeah,
• 13:08
  Speaker 1: could be happening. And here we are, guys, it's July. Okay,
• 13:11
  Speaker 1: we're halfway through the year. What kind of bear market
• 13:14
  Speaker 1: would that exist in if we are only going to
• 13:17
  Speaker 1: see a handful of months before we see what a
• 13:20
  Speaker 1: market blow off? In terms of how this plays out.
• 13:24
  Speaker 1: Here's a good example of this. We believe the SMP
• 13:26
  Speaker 1: is setting up for eight thousand and chip stocks have
• 13:30
  Speaker 1: quietly become the new leaders of this bull market. While
• 13:33
  Speaker 1: the many of the mag seven have declined twenty percent.
• 13:36
  Speaker 1: A lot of the tech market has continued, but the
• 13:38
  Speaker 1: remember semiconductor market has continued to be a big, big
• 13:42
  Speaker 1: performer this year. Is there a rotation of capital though
• 13:45
  Speaker 1: during all of this with this aggressive market stance? In
• 13:50
  Speaker 1: other words, could we see a rotation into crypto in general?
• 13:53
  Speaker 1: I think that's the point everybody's watching and are we
• 13:56
  Speaker 1: nearing the bottom? The one thing that could hedge all
• 14:00
  Speaker 1: of this is what happens in September, and that is
• 14:03
  Speaker 1: Trump and g are going to be meeting here in
• 14:06
  Speaker 1: the US. This will be G's first visit, so very
• 14:10
  Speaker 1: big deal could be good for the US. I think
• 14:13
  Speaker 1: it's good for the markets in generals to see China
• 14:15
  Speaker 1: in the United States at least working some kind of
• 14:19
  Speaker 1: deals out and especially as we continue to see an
• 14:22
  Speaker 1: issue around inflation, what the FED is going to do
• 14:25
  Speaker 1: All of that plays into the next few months very
• 14:28
  Speaker 1: critical for where the market is heading. We're going to
• 14:30
  Speaker 1: stay very close to this, so stay tuned. If you
• 14:39
  Speaker 1: like this video, like and subscribe, drop a comment down below,
• 14:42
  Speaker 1: and also join our free private member group. The link
• 14:46
  Speaker 1: is in the description.