Latest / The Paul Barron Crypto Show / Trump Pump or Dump?🚀

Transcript

Trump Pump or Dump?🚀 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: All right, markets are on the move a little bit today.
• 0:09
  Speaker 1: Some of this, of course, is maybe coming over from
• 0:12
  Speaker 1: a little bit of the Trump pump. We'll take a
• 0:14
  Speaker 1: look at this a little deeper and find out if
• 0:16
  Speaker 1: that is actually the case. My name is Paul Barren.
• 0:18
  Speaker 1: Welcome back into tech Path. I want to thank our
• 0:20
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• 0:22
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• 0:25
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• 0:26
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• 0:29
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• 0:37
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• 0:40
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• 0:43
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• 0:45
  Speaker 1: you're concerned about security, or you're concerned about just the
• 0:49
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• 0:54
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• 0:56
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• 0:58
  Speaker 1: it out. Let's go over into a couple of the
• 1:00
  Speaker 1: tweets today and take a look at what's happening in
• 1:03
  Speaker 1: the market right here. Breaking PCI or PCE inflation, the
• 1:08
  Speaker 1: FEDS for ferred inflation measure was two point six above
• 1:11
  Speaker 1: expectations of two point five. Core PCE though fell to
• 1:15
  Speaker 1: two point five in line with the expectations, and then
• 1:18
  Speaker 1: now PCEE inflation is flat, so PPI is rising a
• 1:22
  Speaker 1: little bit. Many people will look at this and say,
• 1:24
  Speaker 1: oh gosh, this is going to put some pressure on
• 1:26
  Speaker 1: share pal to maybe not cut rates. Inflation continues to
• 1:31
  Speaker 1: be a little bit stubborn, even though it's in the
• 1:32
  Speaker 1: two five to three zero range. I'm going to zoom
• 1:34
  Speaker 1: in on that for you guys, getting inflation down to
• 1:36
  Speaker 1: the two percent target is going to be difficult.
• 1:39
  Speaker 2: This is something that's been.
• 1:39
  Speaker 1: Said over and over again, is that whether or not
• 1:43
  Speaker 1: the FED can actually get to a two percent is
• 1:45
  Speaker 1: the question mark. The problem is the data that is
• 1:49
  Speaker 1: starting to come in on the FED, and that includes jobs,
• 1:52
  Speaker 1: real estate, some of the macro elements that really could
• 1:54
  Speaker 1: drive us into a much deeper recession. So things playing
• 1:58
  Speaker 1: on this is getting into the stock market, and one
• 2:01
  Speaker 1: of the things that hits the stock market.
• 2:03
  Speaker 2: Right here is.
• 2:04
  Speaker 1: How investors look at their current positions. So right now,
• 2:09
  Speaker 1: we've got a lot of US execs dumping stocks at
• 2:12
  Speaker 1: their fastest pace in at least the last ten years.
• 2:16
  Speaker 2: This is a big concern, and this is.
• 2:17
  Speaker 1: Something you've probably heard me say with a group of
• 2:21
  Speaker 1: investment managers that I work with in our colleagues. It's
• 2:26
  Speaker 1: interesting because they've come back so many times over the
• 2:29
  Speaker 1: past couple of weeks and saying this is one of
• 2:31
  Speaker 1: the most dangerous times they've seen in a very very
• 2:34
  Speaker 1: long time in terms of the investment environment.
• 2:38
  Speaker 2: So some pretty big issues right here.
• 2:40
  Speaker 1: To put this in perspective, tenure average of this metric
• 2:42
  Speaker 1: is around twenty six percent, and you can kind of
• 2:45
  Speaker 1: see this is the movement that we're talking about right here.
• 2:49
  Speaker 1: That's a huge drop in versus the average in just
• 2:55
  Speaker 1: disposal of stocks, so basically going to cash or possibly
• 2:58
  Speaker 1: repositioning that. I want to go to a lip real quick,
• 3:00
  Speaker 1: because we've got a couple of clips for you today,
• 3:03
  Speaker 1: and this is the Nasdaq CEO talking about inflation and
• 3:07
  Speaker 1: its impact on IPOs.
• 3:08
  Speaker 2: Take a look, and.
• 3:09
  Speaker 3: We got some pretty stunning GDP numbers in today two
• 3:12
  Speaker 3: point eight percent. We got higher quarterly PCEE than had
• 3:17
  Speaker 3: been expected two point nine percent. We got lower jobless
• 3:19
  Speaker 3: claims than had been expected. What's your view on the
• 3:22
  Speaker 3: economy here and do we need rate cuts?
• 3:24
  Speaker 1: Yeah?
• 3:24
  Speaker 4: I mean at the highest level, the economy continues to
• 3:26
  Speaker 4: be quite resilient. Now we are seeing that inflation is
• 3:31
  Speaker 4: coming down, and so it's coming down and normalizing. You're
• 3:34
  Speaker 4: seeing GDP growth slowing but still robust, which is fantastic,
• 3:38
  Speaker 4: but you are seeing the higher cost of capital start
• 3:40
  Speaker 4: to impact larger parts of the population, and citizens are
• 3:44
  Speaker 4: really starting to be impacted by that costa capital. You know,
• 3:47
  Speaker 4: you do have a pretty big delta between GDP growth
• 3:50
  Speaker 4: and the cost of capital, So there is an opportunity
• 3:53
  Speaker 4: there for the Fed to start to think about how
• 3:55
  Speaker 4: do they moderate that and get that more in line.
• 3:57
  Speaker 4: Now that even though you know, PC making maybe came
• 4:00
  Speaker 4: up a little bit higher, it's really still coming down
• 4:03
  Speaker 4: quite precipitously from last year.
• 4:04
  Speaker 3: Do rates and IPOs I mean, is there an inverse
• 4:07
  Speaker 3: relationship there? I would imagine if rates are high, then
• 4:10
  Speaker 3: the cost of capital from private credit lenders is higher,
• 4:14
  Speaker 3: and you might prefer an IPO, and the opposite.
• 4:16
  Speaker 2: Must be true.
• 4:17
  Speaker 4: Well, actually I would look a little differently. So when
• 4:19
  Speaker 4: investors evaluate a company for an IPO, they look at
• 4:23
  Speaker 4: what is the potential future earnings of that business, and
• 4:25
  Speaker 4: they do what we call discount of cash flow analysis,
• 4:28
  Speaker 4: and if the cost of capital is higher, they're going
• 4:31
  Speaker 4: to discount the future cash flows more. Why has the
• 4:34
  Speaker 4: IPO environment been so difficult, it's because the cost of
• 4:37
  Speaker 4: capital has gone up precipitously, investors have a hard time
• 4:39
  Speaker 4: modeling future cash flows. Now we're starting to think that
• 4:42
  Speaker 4: perhaps the cost of capital could moderate that makes it
• 4:45
  Speaker 4: easier for them to predict future cash flows, and we
• 4:49
  Speaker 4: actually think that could be a catalyst from more IPOs
• 4:52
  Speaker 4: going forward.
• 4:53
  Speaker 1: Now, remember IPO is making onto the market opens up
• 4:57
  Speaker 1: a couple of things. One of course, it opens up
• 4:59
  Speaker 1: fresh meat for vesters going into certain categories, whether it's energy, tech,
• 5:03
  Speaker 1: et cetera. But also you look at how many of
• 5:07
  Speaker 1: these companies are starting to raise capital. Now we've seen
• 5:09
  Speaker 1: obviously crypto being one of the categories that starts to
• 5:12
  Speaker 1: do that outside of the VC market. So I think
• 5:15
  Speaker 1: there are some variations here that will impact crypto long term.
• 5:18
  Speaker 2: IPOs are one of them. Because we've had a little
• 5:20
  Speaker 2: bit of a.
• 5:20
  Speaker 1: Sleepy zone on IPOs over the past bit, so it
• 5:24
  Speaker 1: could still put some pressure on crypto. Talking about crypto
• 5:27
  Speaker 1: and bitcoin, of course, Bitcoin jumping five percent traders anticipating
• 5:31
  Speaker 1: Trump's bitcoin speech. This happens at Saturday at around two
• 5:35
  Speaker 1: pm over in Nashville. A couple of things that a
• 5:37
  Speaker 1: lot of people are kind of looking at. Right here's
• 5:40
  Speaker 1: the crypto lobby and long position strighter to expect the
• 5:44
  Speaker 1: Trump to announce plans for the Strategic Bitcoin Reserve if
• 5:47
  Speaker 1: elected as the US president November. This will be interesting
• 5:51
  Speaker 1: because whether or not he does this in Nashville, and
• 5:55
  Speaker 1: I don't know that he maybe he will, but I'm
• 5:57
  Speaker 1: just thinking, I'm looking at, you know, a check board,
• 6:00
  Speaker 1: and how the Republicans are trying to play this. Could
• 6:04
  Speaker 1: they hold that for a little bit later in the campaign,
• 6:07
  Speaker 1: is my question. Now they could allude to it, and
• 6:10
  Speaker 1: maybe that's enough for some of the markets out there.
• 6:13
  Speaker 1: But this is at two pm Central time tomorrow on Saturday.
• 6:18
  Speaker 1: Trump has set to take the knock Abotive stage over there,
• 6:21
  Speaker 1: so he'll be able to talk about that. We'll see
• 6:22
  Speaker 1: what he says. I'm gonna be watching, hopefully, you guys
• 6:24
  Speaker 1: will be as well. I might even do that live
• 6:26
  Speaker 1: stream and commentary on my ex tomorrow.
• 6:28
  Speaker 2: I don't know. We'll do something fun.
• 6:30
  Speaker 1: Make sure and get some of the questions in over
• 6:32
  Speaker 1: on the side, and we'll try to get to some
• 6:35
  Speaker 1: of those as well, if you guys can send me
• 6:37
  Speaker 1: the link up there in a minute. And then also
• 6:40
  Speaker 1: we've got a poll going on, so I want to
• 6:42
  Speaker 1: hear your input on where you guys think it's going
• 6:45
  Speaker 1: to go. Love to get your feedback there. Here's the
• 6:48
  Speaker 1: headliners right now. This is a pretty star Stu.
• 6:50
  Speaker 2: Kudos to the.
• 6:51
  Speaker 1: Bitcoin Conference team. I mean to get Trump and RFK
• 6:55
  Speaker 1: in there, Kathy Wood obviously sailor, but you got Russell
• 6:58
  Speaker 1: brand in there, s noted and of course Vivek, who
• 7:02
  Speaker 1: I think is just a bitcoin maxi and crypto maxie.
• 7:06
  Speaker 1: I should say, so good for bitcoin, good for crypto
• 7:10
  Speaker 1: as a whole. I think blockchain is going to really
• 7:13
  Speaker 1: win with that kind of agenda, and it will only
• 7:16
  Speaker 1: do things like mainlining this mainstreaming to the point where
• 7:19
  Speaker 1: a lot of people will start to understand what is
• 7:21
  Speaker 1: happening in blockchain.
• 7:23
  Speaker 2: So good stuff.
• 7:24
  Speaker 1: CMB talks to Trump at the conference. This is what
• 7:28
  Speaker 1: he had to say, let's go to that clip.
• 7:29
  Speaker 5: Around half a dozen lawmakers, including a mix of senators
• 7:32
  Speaker 5: and congressmen, are taking the stage. They're mostly Republicans, like
• 7:36
  Speaker 5: Senator Haggerty from Tennessee, but we do also have a
• 7:39
  Speaker 5: few Democratic representatives, including Rocana, and of course former President
• 7:43
  Speaker 5: Trump is on the main stage tomorrow. I've been seeing
• 7:46
  Speaker 5: a lot of make America Great Again hats on people
• 7:49
  Speaker 5: roaming the venue. But the institutional players who are here,
• 7:52
  Speaker 5: they insist that the technology can thrive regardless of politics.
• 7:57
  Speaker 5: But as much as Wall Street wants crypto to remain neutral,
• 8:00
  Speaker 5: the factor veins that some bitcointerers are dropping into this
• 8:03
  Speaker 5: convention solely to enthusiastically back Trump. And look, I think
• 8:06
  Speaker 5: both sides of the aisle recognize how close this election
• 8:09
  Speaker 5: in November could be. The last one came down to
• 8:12
  Speaker 5: ten million votes, a lot of undecided younger voters, the
• 8:15
  Speaker 5: type who might have crypto and care about crypto policy.
• 8:18
  Speaker 5: And Frank, it looks like Trump is capitalizing on that.
• 8:23
  Speaker 1: All right, so this could be the swing point. And
• 8:26
  Speaker 1: they are right, the younger voters, they're looking at some
• 8:29
  Speaker 1: alternatives because they've been opted out of a system in
• 8:32
  Speaker 1: many cases. I think many of you guys watching our show,
• 8:34
  Speaker 1: I know, when we look at demographics, we have a
• 8:36
  Speaker 1: lot of the eighteen to twenty four demographics. It surprises me,
• 8:41
  Speaker 1: in fact, to see this many young people starting to
• 8:43
  Speaker 1: move in the direction of political activism and just getting
• 8:46
  Speaker 1: into the point of where they understand what's happening in
• 8:49
  Speaker 1: the market and how it affects them. So this may
• 8:52
  Speaker 1: be the point where Trump tries to pull ahead with
• 8:54
  Speaker 1: that kind of connection. Now, Pompiona goes on. He talks
• 8:58
  Speaker 1: a little bit about here in this clip about rumors
• 9:01
  Speaker 1: on the idea of a bitcoin reserve. There's so many
• 9:04
  Speaker 1: things that would have to happen for this to occur,
• 9:06
  Speaker 1: but strategically it could occur, and that's something that's kind
• 9:10
  Speaker 1: of unique. Let's go to that clip. You kind of
• 9:12
  Speaker 1: understand it's.
• 9:13
  Speaker 6: Going to be a huge year. I mean, look, foreign
• 9:15
  Speaker 6: President Trump is speaking. Rumors are that he is going
• 9:18
  Speaker 6: to call for a national strategic reserve of bitcoin for
• 9:21
  Speaker 6: the United States. And if you just think about this,
• 9:23
  Speaker 6: historically we have seen very small countries they've done mining,
• 9:26
  Speaker 6: they've bought some bitcoin in El Salvador's case, et cetera.
• 9:29
  Speaker 6: You have a Malay down in Argentina, who's been very
• 9:31
  Speaker 6: sympathetic to bitcoin. But for a developed nation like the
• 9:34
  Speaker 6: United States to take a step closer to embracing something
• 9:37
  Speaker 6: like bitcoin, not necessarily to try to replace the dollar,
• 9:40
  Speaker 6: but simply to say, hey, we think that this is
• 9:42
  Speaker 6: an important asset, it's a scar sasset, and we should
• 9:44
  Speaker 6: go put it on our balance sheet. That would be
• 9:46
  Speaker 6: a massive historical moment. Was one of the things that
• 9:48
  Speaker 6: I continue to say is it's like we took the
• 9:50
  Speaker 6: US Constitution and we wrote it into code.
• 9:52
  Speaker 3: You know.
• 9:52
  Speaker 6: One of the interesting things about the United States, so
• 9:55
  Speaker 6: we have checks and balances, we kind of the three
• 9:56
  Speaker 6: branches of government, and we really try to focus that
• 9:59
  Speaker 6: no one person or organization gets too much power in
• 10:01
  Speaker 6: the government and can kind of do things unilaterally. Bitcoin
• 10:04
  Speaker 6: is the exact same way. There are people who run nodes,
• 10:06
  Speaker 6: there are people who write software, and there are the miners,
• 10:09
  Speaker 6: the just kind of the three branches of bitcoin, and
• 10:10
  Speaker 6: so what ends up happening is no one that's an
• 10:12
  Speaker 6: individual or an organization has too much power or control.
• 10:15
  Speaker 6: And so the same way that the US government has
• 10:17
  Speaker 6: really kind of shepherded democracy and capitalism, bitcoin has the
• 10:21
  Speaker 6: same exact thing in a digital world in code.
• 10:24
  Speaker 1: All right, So whether you like POMP don't like POMP,
• 10:27
  Speaker 1: I think that little segment right there. Hopefully Trump's advisors
• 10:31
  Speaker 1: pull from that segment because that I think if they
• 10:33
  Speaker 1: represent something like that in front of not only the bitcoiners,
• 10:36
  Speaker 1: but in front of major media and also I think
• 10:39
  Speaker 1: the nation because people are kind of zeroed in on
• 10:41
  Speaker 1: the bitcoin conference right now, this could be a big
• 10:44
  Speaker 1: step in the right direction. Now, without a contrarian, it
• 10:49
  Speaker 1: would not be fun. So we got to bring up
• 10:50
  Speaker 1: Peter Schiff. Only reason for Trump supporting bitcoin is to
• 10:53
  Speaker 1: get contributions and votes from the crypto community. I think
• 10:57
  Speaker 1: that's pretty much the reason for most candidates worried about
• 11:00
  Speaker 1: supporting By supporting bitcoin, and he'll lose support from no coiners,
• 11:04
  Speaker 1: people that don't have crypto, so it's a political no brainer.
• 11:07
  Speaker 1: So people that don't have crypto probably don't even care.
• 11:10
  Speaker 1: But there is a large voting block around thirty million
• 11:13
  Speaker 1: right now in the United States that have some sort
• 11:16
  Speaker 1: of involvement in crypto, and I think that is a
• 11:18
  Speaker 1: big enough voting block that it could swing the election,
• 11:22
  Speaker 1: maybe more so than any So be on the lookout
• 11:26
  Speaker 1: for that. Because I think this is a huge one.
• 11:28
  Speaker 1: Now he says that he doesn't think any of these
• 11:31
  Speaker 1: promises will be kept even if he goes with a
• 11:33
  Speaker 1: strategic reserve strategy. But maybe this is the time that
• 11:38
  Speaker 1: we start to see nations really starting to shift into blockchain.
• 11:41
  Speaker 1: I think because of just what we'll see in RWA's
• 11:44
  Speaker 1: and the shift in our financial system. Blackrock and all
• 11:47
  Speaker 1: of the players within Wall Street they already kind of
• 11:49
  Speaker 1: get it. I think it's just a matter of time
• 11:51
  Speaker 1: before DC gets it as well. I want to go
• 11:54
  Speaker 1: to another clip here, and that is talking about the
• 11:57
  Speaker 1: government and why they should own bitcoin.
• 11:59
  Speaker 2: This is mister Michael Sailor take a.
• 12:00
  Speaker 6: Look backing the dollar with bitcoin.
• 12:02
  Speaker 7: Yeah, well, you know, I think you backed the dollar
• 12:06
  Speaker 7: by doing something economically rational. So when the United States
• 12:12
  Speaker 7: actually purchased Louisiana and we expanded the country a double
• 12:18
  Speaker 7: the size of it, we backed the dollar. And when
• 12:20
  Speaker 7: Seward bought Alaska and we found a trillion dollars of
• 12:23
  Speaker 7: oil underneath it, we backed the dollar. And when we
• 12:29
  Speaker 7: developed a port of New York City and we engaged
• 12:33
  Speaker 7: in international commerce, we backed the dollars. So the country's
• 12:37
  Speaker 7: got a luck to the future. And the future of
• 12:40
  Speaker 7: the country is in cyberspace, and bitcoin is in essence
• 12:44
  Speaker 7: cyber Manhattan. So the way you back the dollar is
• 12:47
  Speaker 7: you buy Manhattan for pieces of paper and trinkets, and
• 12:53
  Speaker 7: you buy it before it's worth hundreds of trillions of dollars,
• 12:56
  Speaker 7: just like the Dutch bought in New York for fifty
• 12:59
  Speaker 7: dollars were at the plastic beads. And so I think
• 13:03
  Speaker 7: that it's right in front of us. The United States
• 13:06
  Speaker 7: owns the majority of the gold in the world. The
• 13:10
  Speaker 7: US federal government owns twenty eight percent of the land,
• 13:13
  Speaker 7: you know, in the United States. The US government should
• 13:16
  Speaker 7: own the majority of the bitcoin in the world.
• 13:20
  Speaker 1: So that would be very intriguing I think, you know,
• 13:22
  Speaker 1: in the sense of freedom, you know, if you look
• 13:25
  Speaker 1: at bitcoin or crypto in general, that I think could
• 13:29
  Speaker 1: be a big challenge in the future of where we
• 13:31
  Speaker 1: see nation states really starting to play in this, providing
• 13:34
  Speaker 1: that they continue their way of doing business, you know,
• 13:38
  Speaker 1: in terms of governing the people. So I think that's
• 13:40
  Speaker 1: still a question mark. I know, we're getting into a
• 13:43
  Speaker 1: lot of political lines, so I just I don't want
• 13:45
  Speaker 1: to cross that too much because it's just it's crazy
• 13:47
  Speaker 1: whether you're a Trump voter or you're a Democratic voter,
• 13:51
  Speaker 1: whatever the route may be, I don't care. I just
• 13:53
  Speaker 1: want you to get out and vote. So vote your conscious,
• 13:56
  Speaker 1: vote what you guys want to do, because this, of
• 13:59
  Speaker 1: course hopefully guides a lot more than just policy around
• 14:01
  Speaker 1: bitcoin and crypto. Eric Balschuniz comes in and says, just checked,
• 14:06
  Speaker 1: and yes, it looks like Michigan's pension now has brought
• 14:09
  Speaker 1: up some arcb this even though it's around seven point
• 14:13
  Speaker 1: four million, which is small, but the fact that they're
• 14:16
  Speaker 1: moving that's a good thing.
• 14:17
  Speaker 2: I think we'll see more of that kind of zoom
• 14:19
  Speaker 2: in on that for you.
• 14:19
  Speaker 1: I've noticed that my screen is a little bit choppy
• 14:23
  Speaker 1: on the playback, so I'll try to zoom in on those.
• 14:25
  Speaker 1: Here's Jersey City will also make two percent bitcoin allocation
• 14:29
  Speaker 1: to it's pension. Fun This came in from the marriage
• 14:31
  Speaker 1: Jersey City.
• 14:32
  Speaker 2: So these are acts that are real.
• 14:34
  Speaker 1: These are things that I think a lot of people
• 14:36
  Speaker 1: maybe discount of what is happening out there. And to
• 14:41
  Speaker 1: Sailor's point is that getting on the ground floor of
• 14:44
  Speaker 1: anything in any era always makes a class of citizens wealthy.
• 14:51
  Speaker 1: And it's just because those are the people that went
• 14:54
  Speaker 1: out there and risked it all thought that they might
• 14:56
  Speaker 1: be able to change their way of life, and maybe
• 14:58
  Speaker 1: that gets ready to happen right here in blockchain. I
• 15:00
  Speaker 1: think it will. That's why you know we spend so
• 15:03
  Speaker 1: much time on it. Here's Forsorrow talking about bit Wise's
• 15:07
  Speaker 1: Ethereum ETF banner going up just outside the iconic facade
• 15:11
  Speaker 1: of the New York Stocks Shanks. What a great view
• 15:14
  Speaker 1: that is to see mainstream Wall Street with an ether ETF.
• 15:20
  Speaker 2: This is surreal to me.
• 15:23
  Speaker 1: I just two years ago, I don't think anybody would
• 15:25
  Speaker 1: ever believe that we would see these kind of moves
• 15:27
  Speaker 1: on Wall Street, much less having presidential candidates speaking at
• 15:31
  Speaker 1: the largest conferences in the industry for blockchain and for crypto.
• 15:37
  Speaker 1: Why Wall Street is still wary of DeFi this I
• 15:39
  Speaker 1: think is going to change pretty quickly. Many reasons why,
• 15:42
  Speaker 1: but some of the key ones right here. For the uninitiated,
• 15:46
  Speaker 1: it's like crypto's world of the version of financial services
• 15:49
  Speaker 1: on autopilot.
• 15:50
  Speaker 2: And many of you probably are new to the channel.
• 15:52
  Speaker 1: Maybe you're new to crypto and you don't really understand
• 15:54
  Speaker 1: decentralized finance, but this really is I think one of
• 15:57
  Speaker 1: the most free elements.
• 16:00
  Speaker 2: Once that you go down that rabbit hole.
• 16:03
  Speaker 1: If you are any red bullet American, any entrepreneur, anybody
• 16:06
  Speaker 1: that's for capitalism, you're probably going to realize this is
• 16:09
  Speaker 1: a new way of doing things. And I think this
• 16:11
  Speaker 1: is something that Wall Street is going to find out
• 16:14
  Speaker 1: as well. Going full full on decentralized tokenization just going
• 16:17
  Speaker 1: to be realistic or desirable for the banks. It's going
• 16:20
  Speaker 1: to be all in when it comes to these financial
• 16:23
  Speaker 1: instruments going forward. But whether it gets really interesting is
• 16:26
  Speaker 1: the tokenization market could hit a whopping.
• 16:29
  Speaker 2: This is thirty trillion, that's all. What is that?
• 16:32
  Speaker 1: A little less than three times the market cap of
• 16:35
  Speaker 1: gold in by twenty thirty four, we're talking about ten years.
• 16:39
  Speaker 1: That would be insane going forward. So lots of big
• 16:43
  Speaker 1: opportunities here for sure, could be same kind of thing
• 16:46
  Speaker 1: if you look at it really around the technology explosion
• 16:49
  Speaker 1: that we saw in the early two thousands. But remember
• 16:52
  Speaker 1: there's a big dump on that too as well. James
• 16:55
  Speaker 1: sayfert right here Day three recap of eth.
• 16:59
  Speaker 2: ETFs.
• 17:00
  Speaker 1: Over three days of the theory metfs see net outflow
• 17:02
  Speaker 1: about negative one to seventy eight, but total assets for
• 17:05
  Speaker 1: the group set just shy of nine billion man a
• 17:08
  Speaker 1: ten billion dollar a week and it only started midweek'
• 17:12
  Speaker 1: that's pretty significant for movement for sure. Not a not
• 17:18
  Speaker 1: a bad showing, even though Eth has been on a
• 17:22
  Speaker 1: little bit of a slowdown. Let me go over to
• 17:24
  Speaker 1: the charts real quick, because I wanted to look at
• 17:25
  Speaker 1: a couple of things. We'll take a look at Eth
• 17:28
  Speaker 1: right here. Did get a little bit of a reversal
• 17:30
  Speaker 1: right here. This was one we were showing in our
• 17:32
  Speaker 1: diamond circle yesterday, is that we saw some sentiment movement
• 17:36
  Speaker 1: and we looked at hey, we might get a little
• 17:38
  Speaker 1: bit of a reversal here, so he starting to move.
• 17:40
  Speaker 1: Of course, Bitcoin already showing some pretty strong signs right now.
• 17:44
  Speaker 1: As soon as our indicator paints up still showing positive,
• 17:49
  Speaker 1: positive sentiment right now, as it continues to climb, we
• 17:51
  Speaker 1: may get this through the weekend, though, especially with what's
• 17:54
  Speaker 1: happening over at the conference, lots of things happening, for sure.
• 17:57
  Speaker 1: What else did we have? We had a couple other
• 17:59
  Speaker 1: things here Arkham. Twenty five minutes ago, gray Scale transferred
• 18:02
  Speaker 1: another one hundred and ten thousand e to coinbase Prime,
• 18:06
  Speaker 1: So that's worth about three hundred and fifty eight million.
• 18:08
  Speaker 2: This maybe the last of the flow. Gray scale really
• 18:10
  Speaker 2: took a.
• 18:10
  Speaker 1: Hit on this, but I think everybody kind of expected this,
• 18:13
  Speaker 1: and it really is a repeat part zo of part
• 18:17
  Speaker 1: two of what happened with bitcoin ETF, So not too
• 18:21
  Speaker 1: overly unexpected.
• 18:22
  Speaker 2: There one other thing right.
• 18:24
  Speaker 1: Here I want to hit on, and that is Alana.
• 18:27
  Speaker 1: Look at this flipping B and B in market cap.
• 18:30
  Speaker 1: Let's take a look at the Salona chart real quick,
• 18:32
  Speaker 1: just to see one eight two right now. It's coming
• 18:35
  Speaker 1: back off of its down right now. WHOA Salona is
• 18:39
  Speaker 1: really cranking on sentiment there. So we've got trade MSI
• 18:44
  Speaker 1: right now at seventy percent. Volume is up overall seventy
• 18:47
  Speaker 1: one point ninety four. This may be one of the
• 18:49
  Speaker 1: highest signals we've seen in our trading indicator for a while.
• 18:55
  Speaker 1: So could this be Solana's run to two hundred again?
• 18:58
  Speaker 2: I don't know. Let's go over to the poll real quick.
• 19:02
  Speaker 1: I'll get to some questions real quick. We'll jump onto
• 19:04
  Speaker 1: Polly Market. Take a look all that good stuff. After
• 19:06
  Speaker 1: Saturday's Trump speech, bitcoin will pump. Everybody's on the pump train,
• 19:14
  Speaker 1: the Trump pump train right here. Sixty eight percent, that's
• 19:18
  Speaker 1: a strong you almost have to bet the other way now,
• 19:22
  Speaker 1: I mean you just almost have to take it.
• 19:24
  Speaker 2: It's just too juicy.
• 19:26
  Speaker 1: You almost have to bet the other way. I wish
• 19:27
  Speaker 1: that was something that was on poly market. Let's see
• 19:29
  Speaker 1: what poly market's doing right now. Presidential election winner Woo
• 19:33
  Speaker 1: boy guys, the Harris camp is moving thirty nine percent
• 19:37
  Speaker 1: right now. If we go into the graph on this,
• 19:41
  Speaker 1: this has been a pretty interesting move really. I mean,
• 19:44
  Speaker 1: if you look at this, this is really getting into
• 19:46
  Speaker 1: a race. So we'll see things start to level out here.
• 19:50
  Speaker 1: Trump started earlier in the month around the nineteenth at
• 19:53
  Speaker 1: about sixty six. Now he's down around sixty. This could
• 19:57
  Speaker 1: be Let's see what this shows on Monday.
• 20:00
  Speaker 2: With what Trump announces on.
• 20:04
  Speaker 1: Saturday, we'll see maybe on Saturday and Sunday when we
• 20:07
  Speaker 1: start to see the moves, we'll be able to catch
• 20:09
  Speaker 1: a lot of that.
• 20:09
  Speaker 2: Let's get into some of the questions.
• 20:11
  Speaker 1: What do we have here, Carlos says, Arrow, all coin
• 20:14
  Speaker 1: pumping Arrow. You know, we had tim on last week
• 20:16
  Speaker 1: we were talking about Arrow.
• 20:17
  Speaker 2: He likes it.
• 20:18
  Speaker 1: We're kind of still back and forth on Arrow. We've
• 20:21
  Speaker 1: played on it in the essence of going in again,
• 20:23
  Speaker 1: not financial advice, but just some of the things that
• 20:25
  Speaker 1: we look at from a research standpoint. Do you think
• 20:28
  Speaker 1: the ETHTF will be updated with staking? Okay, so go
• 20:32
  Speaker 1: back and watch our video with twenty one shares and
• 20:36
  Speaker 1: we have their CEO on just this week. Go back
• 20:38
  Speaker 1: and watch that, because he gets into a lot of
• 20:39
  Speaker 1: this and if he's going this direction, you can imagine
• 20:43
  Speaker 1: that a lot of these other fund managers are going
• 20:45
  Speaker 1: to be going this direction. And what they're talking about
• 20:47
  Speaker 1: is that and it's just a matter of not if
• 20:51
  Speaker 1: a win. And he said that on camera with us
• 20:53
  Speaker 1: just this week. All right, so you'd have to be
• 20:57
  Speaker 1: more on to bet against the upcoming Thank you.
• 21:02
  Speaker 2: Robert Kennery Junior.
• 21:03
  Speaker 1: As the best over understanding I think is what you mean.
• 21:06
  Speaker 1: En of crypto, I would agree. I think RFK does
• 21:09
  Speaker 1: have a good understanding of it. God he's you know,
• 21:12
  Speaker 1: if he had stayed and if he had just been
• 21:14
  Speaker 1: able to stay in the Democratic Party a little bit longer,
• 21:17
  Speaker 1: he might have had a chance to get in there,
• 21:20
  Speaker 1: but now too late. How much is Torres getting paid.
• 21:23
  Speaker 2: To delay That's a good question. I don't know.
• 21:27
  Speaker 1: Waiting for bitcoin to go to a hunter K, everybody
• 21:30
  Speaker 1: is I think everybody's looking at that as the signal.
• 21:32
  Speaker 1: Where would you, guys exit if you owned bitcoin today,
• 21:36
  Speaker 1: I'm kind of curious where would you exit your position?
• 21:39
  Speaker 1: If you were to exit, maybe you're not just bitcoin forever,
• 21:43
  Speaker 1: but what would be the position of where you might
• 21:45
  Speaker 1: start saying I'm going to take profits, you know, maybe
• 21:47
  Speaker 1: this cycle's over, and what do you think that's going
• 21:49
  Speaker 1: to look like?
• 21:51
  Speaker 2: It always dumps on good news. Miguel says.
• 21:56
  Speaker 1: Trump is live at two o'clock Central Time, so that
• 21:59
  Speaker 1: for those of you guys, if you're on Eastern it's
• 22:02
  Speaker 1: three twenty two now, so Central is usually an hour
• 22:05
  Speaker 1: behind us. So there you go, two o'clock on Saturday tomorrow,
• 22:09
  Speaker 1: So be on the lookout. Sailor being a patriot gives
• 22:12
  Speaker 1: up his bitcoin. Wouldn't that be something not gonna happen?
• 22:14
  Speaker 1: So the few that hold millions of bitcoin become the
• 22:17
  Speaker 1: oligarchs of the US well, I mean, you know, listen,
• 22:21
  Speaker 1: that's how the roth Childs, the pretty much anybody in
• 22:25
  Speaker 1: the history of the United States became who they are.
• 22:29
  Speaker 1: It's also some of the biggest you know, I think
• 22:34
  Speaker 1: influencers and businessmen of tech.
• 22:36
  Speaker 2: Same kind of scenario.
• 22:37
  Speaker 1: I mean, if you look back and think Ellison, you
• 22:40
  Speaker 1: look at Amazon, you look at Facebook. I mean they're
• 22:43
  Speaker 1: just early, that's all. They get there early. Yes, they
• 22:46
  Speaker 1: get the rewards. That's kind of how capitalism works. Guys,
• 22:50
  Speaker 1: will Trump blather on about rigged election or quote the
• 22:53
  Speaker 1: great American? That would be the best, I think, because
• 22:59
  Speaker 1: he gets going. Man, this guy is crazy. I'd just
• 23:01
  Speaker 1: rather him just get right to the point.
• 23:03
  Speaker 2: This is what we need. Here's my stump. These are
• 23:05
  Speaker 2: the things I'm gonna do. Get get out.
• 23:08
  Speaker 1: San Diego says it's a pump until speech selling. After
• 23:11
  Speaker 1: he competes his glorious speech, he's out of there. Janet yelled,
• 23:15
  Speaker 1: I think you mean yelling wants to buy a bitcoin?
• 23:17
  Speaker 2: Yes she does.
• 23:19
  Speaker 1: Frank Allen says, Harris is up by twenty points on Trump.
• 23:23
  Speaker 1: People just making s up in.
• 23:25
  Speaker 2: Crypto as usual.
• 23:27
  Speaker 1: I hope that you are wrong, Frank, But if you
• 23:30
  Speaker 1: are right, then I'm going to go back to that.
• 23:33
  Speaker 1: I'm gonna screenshot yours and we'll give you your flowers.
• 23:37
  Speaker 2: Trump XRP.
• 23:38
  Speaker 1: I don't know if Trump knows what extra P is,
• 23:40
  Speaker 1: but maybe can PBN get a live stream on the
• 23:44
  Speaker 1: Bitcoin conference speeches?
• 23:45
  Speaker 2: You could, but I think they're.
• 23:47
  Speaker 1: Streaming over on aren't they streaming on Rumble? I think
• 23:49
  Speaker 1: they're streaming on Rumble. I mean, we could do that,
• 23:52
  Speaker 1: but would you guys watch something like that, you know,
• 23:54
  Speaker 1: of some of the conference speeches, you could.
• 23:57
  Speaker 2: Probably do it.
• 23:58
  Speaker 1: While Trump will say whatever they wanting to say. After all, Okay, well,
• 24:02
  Speaker 1: welcome to politics, guys. That's how it works. If you
• 24:05
  Speaker 1: are a contributor to a candidate, they say what you
• 24:09
  Speaker 1: want them to say.
• 24:11
  Speaker 2: That's how it works.
• 24:12
  Speaker 1: That's how you know, cheesy it is and unfortunately how
• 24:15
  Speaker 1: dirty it is. That's just politics in America and always
• 24:18
  Speaker 1: will be. I don't think that's the game. So some
• 24:20
  Speaker 1: people out there think bitcoin is the endgame.
• 24:25
  Speaker 2: I don't know.
• 24:26
  Speaker 1: I think we've got a long way guys. There is
• 24:28
  Speaker 1: so much can happen in this technology, blockchain, what's going
• 24:32
  Speaker 1: to happen, both on the idea of what we're going
• 24:34
  Speaker 1: to deal with on the future of bitcoin and many
• 24:38
  Speaker 1: other assets, including ethereum, because I think ethereum is still one,
• 24:42
  Speaker 1: if not the maybe the best solution out there for
• 24:47
  Speaker 1: next generation technology.
• 24:48
  Speaker 2: So you know there're some good ones for sure. Man.
• 24:52
  Speaker 1: You guys are throwing some comments in there today kind
• 24:54
  Speaker 1: of crazy. But listen, the one thing you have to remember.
• 24:58
  Speaker 1: I'll leave you with this, and that is that every
• 25:01
  Speaker 1: person out there, besides your differences, whether you're a public
• 25:04
  Speaker 1: and you're independent, you're liberal, you're democratic, whatever it might be,
• 25:08
  Speaker 1: at the end of the day, you're all Americans. Hopefully
• 25:11
  Speaker 1: you're going to treat each other right. Do something nice
• 25:13
  Speaker 1: for somebody this weekend, you know, try to keep your
• 25:16
  Speaker 1: head on straight and get out there and just have
• 25:19
  Speaker 1: some fun. So anyway, if you're not in a Diamond circle,
• 25:22
  Speaker 1: you could have some fun there and chat with us.
• 25:24
  Speaker 1: We of course have a great community over there. It
• 25:26
  Speaker 1: is growing like wildflower right wild fire right now, So
• 25:31
  Speaker 1: make sure and use our link down below.
• 25:33
  Speaker 2: It's a great place to start.
• 25:35
  Speaker 1: I'm in the comments over there, so I do a
• 25:37
  Speaker 1: lot of back and forth with people. We talk about
• 25:40
  Speaker 1: all things alt coins. I don't really get into politics
• 25:43
  Speaker 1: as much. We definitely look at trends where technology is going.
• 25:47
  Speaker 2: Check it out. You guys will love it.
• 25:48
  Speaker 1: And it's free, so that's the best thing. Click the
• 25:51
  Speaker 1: link down below, follow me on x at Paul Baron.
• 25:54
  Speaker 1: We'll catch you next time right here on Techpath
• 26:01
  Speaker 4: Cou