Latest / The Paul Barron Crypto Show / $130k Bitcoin Next?🔥Crypto Market Update

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$130k Bitcoin Next?🔥Crypto Market Update · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Markets are heating up and could bitcoin make its way
• 0:02
  Speaker 1: to one hundred and thirty k before it retraces. Will
• 0:05
  Speaker 1: break it down for you. My name is Paul Barron.
• 0:07
  Speaker 1: Let's jump back into the show today. I want to
• 0:09
  Speaker 1: thank our sponsor in that Assault Lending. If you guys
• 0:11
  Speaker 1: are looking at maybe taking the timing right on getting
• 0:15
  Speaker 1: a bitcoin loan or digital asset loan, you can jump
• 0:17
  Speaker 1: over to Salt Lending dot com and do that right now.
• 0:19
  Speaker 1: As bitcoin comes down, that's the time to go in
• 0:23
  Speaker 1: and actually take a little bit of that in a
• 0:26
  Speaker 1: loan on your digital asset.
• 0:28
  Speaker 2: That's the way to do it.
• 0:29
  Speaker 1: Don't sell it, in fact, leverage against it and work
• 0:33
  Speaker 1: that into your financial plan. You can unlock wealth but
• 0:35
  Speaker 1: and the potential of your bitcoin just by jumping over
• 0:38
  Speaker 1: to salt. Just in, one hundred and sixty million off
• 0:41
  Speaker 1: of crypto lungs liquidated in the past hour, So this
• 0:43
  Speaker 1: could just be well, this is what happens when you
• 0:45
  Speaker 1: have these lungs going at this level. So quickly, let's
• 0:50
  Speaker 1: take a look at some other things. Of course, one
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  Speaker 1: of the scenarios that plays into this is going to
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  Speaker 1: be gold. Gold price is hitting record hires near four
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  Speaker 1: grand an ounce, and everybody's still looking at this with
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  Speaker 1: with global uncertainty, what we're dealing with obviously with the
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  Speaker 1: government shutdown, is it in an alternative out there along
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  Speaker 1: with bitcoin? I think that's the way people are playing
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  Speaker 1: this right now. Are we in a currency confidence crisis?
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  Speaker 1: This is the thing everybody's questioning. Gold futures officially hit
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  Speaker 1: a record four thousand an ounce. Last time gold doubled
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  Speaker 1: in under two years was in nineteen seventies after we
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  Speaker 1: saw Bretton Woods happen. So there you go, maybe it's
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  Speaker 1: happening again. Does this play against the dollar? Do we
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  Speaker 1: start to see maybe bitcoin and other digital assets also
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  Speaker 1: come to this party playing out. Let me go to
• 1:35
  Speaker 1: a quick clip. This is Ken Griffin talking about dedollarization.
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  Speaker 2: Take a look.
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  Speaker 3: I mean, it's part of the reason the dollars depreciated
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  Speaker 3: by about ten percent in the first half of this year.
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  Speaker 3: It's the single biggest decline in the US dollars six
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  Speaker 3: months in fifty years. Gold is at record highs, and
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  Speaker 3: the appreciation in other dollar substitutes it's to use that
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  Speaker 3: word loosely, and items like crypto, for example, is unbelievable.
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  Speaker 3: So we're seeing substantial asset inflation away from the dollar,
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  Speaker 3: as people are looking for ways to effectively dedollarize or
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  Speaker 3: de risk their portfolios visa THEUS sovereign risk. I now
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  Speaker 3: view gold as a safe harbor asset in a way
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  Speaker 3: that the dollar used to be viewed. That's what's really
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  Speaker 3: concerning to me. And there's been plenty of published research
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  Speaker 3: in recent weeks months about foreign investors now when they
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  Speaker 3: buy US equities, hedging the returns back to their local currency.
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  Speaker 3: So that again is a bifurcation of I'm going to
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  Speaker 3: bet on American business, but I want to immunize some
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  Speaker 3: of my sovereign exposure to the Unied State.
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  Speaker 1: This is going to continue, I think, to push a
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  Speaker 1: lot of people into alternative assets, whether it's bitcoin, ethereum,
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  Speaker 1: other digital assets out there, including gold and silver. We'll
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  Speaker 1: get into that in a minute. Here's Pompleano talking about
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  Speaker 1: is bitcoin actually the debasement trade.
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  Speaker 4: Take a look, and I you see investor saying, wait
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  Speaker 4: a second here, This quote unquote debasement trade means that
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  Speaker 4: I don't have to go do all that work. I
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  Speaker 4: can simply just go and buy something like bitcoin. And
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  Speaker 4: I think that really maybe the story of finance of
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  Speaker 4: this decade is that Bitcoin is becoming the hurdle rate.
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  Speaker 2: Right.
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  Speaker 4: Historically, we've looked at things like the SMP. If you
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  Speaker 4: go back to twenty twenty, the SMP's up one hundred percent.
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  Speaker 4: Since twenty twenty, priced in bitcoin is down ninety percent.
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  Speaker 4: All of the returns that people are talking about in
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  Speaker 4: traditional finance, most of them are negative because no one
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  Speaker 4: can beat bitcoin, and so if you can't beat it,
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  Speaker 4: then we just say you got to buy it, and
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  Speaker 4: I think that's what a lot of investors are starting
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  Speaker 4: to do. Gold has done better than bitcoin this year.
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  Speaker 5: Do you think in the crypto community they see gold
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  Speaker 5: as an ally or is it a competitor.
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  Speaker 4: You know, it's funny that on one hand, bitcoin and
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  Speaker 4: crypto folks that they're brothers in arms right in the
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  Speaker 4: fight against currency debasement. On the other hand, I think
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  Speaker 4: that the gold bugs are having a field days. They're
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  Speaker 4: outperforming bitcoin. I think gold's up fifty percent this year,
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  Speaker 4: bitcoins up about thirty three percent. What I will say
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  Speaker 4: is that the average return since twenty fifteen of bitcoin
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  Speaker 4: and Q four is sixty percent. So the gold bugs,
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  Speaker 4: you know, you're not at the finish line for the year.
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  Speaker 4: Yet let's see what happens.
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  Speaker 1: Well, we're going to see what happens. Peter Schiff, of course,
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  Speaker 1: is having his day right now, and he accuses the
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  Speaker 1: financial media to continuing to perpetuate the false narrative that
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  Speaker 1: bitcoin is digital gold. Every time they mentioned gold, they
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  Speaker 1: interject bitcoin. This is either because they've bought into the
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  Speaker 1: con themselves or they're beholding to their crypto industry advertising.
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  Speaker 2: I don't know that that would be the case.
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  Speaker 1: I think it is in general a framework of how
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  Speaker 1: to report on it for mostly mainstream Wall Street and
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  Speaker 1: investors to understand what bitcoin is. Goldman Sachs, though, is
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  Speaker 1: raising its gold price to forty nine hundred.
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  Speaker 2: I don't know if this is.
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  Speaker 1: Going to be toward year end or if we're looking
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  Speaker 1: at a continued up track here for gold and silver.
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  Speaker 1: And remember we've done a couple of silver videos talking
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  Speaker 1: about availability and even scarcity of it that is going
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  Speaker 1: to continue to create some demand. Things that you've got
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  Speaker 1: to consider, is this right here? Silver is up sixty
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  Speaker 1: eight percent year to date right now, and it's it's
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  Speaker 1: getting to a point where people are starting to wake
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  Speaker 1: up to this. I think if you've been watching everybody,
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  Speaker 1: as you already have known about this. But the point
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  Speaker 1: being is that there is a lot happening now Beyond that,
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  Speaker 1: You've got to take a look at the economy. One
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  Speaker 1: thing that is interesting because I think a lot of
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  Speaker 1: people are now recasting what they're most interested in in
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  Speaker 1: terms of performance of this economy and this administration. Prices
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  Speaker 1: in inflation lead across all sectors of both the left, center,
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  Speaker 1: and right. Housing, economic health, and social lead pretty much
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  Speaker 1: most on left and center. I think these are the
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  Speaker 1: big ones that do impact society and also the economy
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  Speaker 1: a lot. Right now, I want to go to a
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  Speaker 1: clip real quick because this will get into a little
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  Speaker 1: bit more detail about whether or not this economy is
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  Speaker 1: going to put some more pressure on the FED in
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  Speaker 1: reference to the next potential rate cut coming at the
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  Speaker 1: end October.
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  Speaker 2: Take a look.
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  Speaker 5: So inflation's going sideways, and this is why I'm I'm
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  Speaker 5: at the FED. I want to be very careful not
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  Speaker 5: to go too much further with rate cuts when you've
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  Speaker 5: got inflation this much above target. I want to really
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  Speaker 5: I need to be convinced that the weakness in the
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  Speaker 5: labor market is sustained or maybe getting worse, Because I
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  Speaker 5: think the neutral rate is not that much below where
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  Speaker 5: the FED is right now, and I think you're I
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  Speaker 5: think part of the sluggishness in the in the labor
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  Speaker 5: market and in hiring is due to what's going on
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  Speaker 5: with small business.
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  Speaker 4: So when you say you don't want them to go
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  Speaker 4: too much farther, you think one more is appropriate or
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  Speaker 4: do we not know?
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  Speaker 5: So the way I would look at it, my own
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  Speaker 5: view is the neutral rate right now. Most aggressive case
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  Speaker 5: I can make for the neutral rate is it's in
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  Speaker 5: the neighborhood of three and a half three and three
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  Speaker 5: quarters percent. It's different than other people have said. That's
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  Speaker 5: two and three quarters percent inflation and three quarters a
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  Speaker 5: one percent real. Okay, we're at four to four and
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  Speaker 5: a quarter right.
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  Speaker 2: Now, so there's room.
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  Speaker 5: There's not much above target. Inflation is a regressive tax
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  Speaker 5: on eighty eighty five million workers. American workers who make
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  Speaker 5: fifty to fifty five rand a ear or less have
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  Speaker 5: lost twenty five percent purchasing power stocks. They don't have
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  Speaker 5: financial assets, and they're struggling to make ends meet.
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  Speaker 1: All right, So there are some pressures right now that
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  Speaker 1: I think we'll play into Powell's predicament coming up here
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  Speaker 1: at the end of October. If you look at polymarket,
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  Speaker 1: how many federaly cuts still holding on three we've got
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  Speaker 1: the one end. Two more would be October into October
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  Speaker 1: and early December for two more twenty five basis point cuts. Now,
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  Speaker 1: with all that being said, what that analyst was kind
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  Speaker 1: of alluding to is inflation and how this looks in
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  Speaker 1: the near term and possibly in the long term. If
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  Speaker 1: you look at trueflation right here, this is on the
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  Speaker 1: annual you that dip off of when we were at
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  Speaker 1: our highest which was last December right there, hovering over
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  Speaker 1: three percent down to our lowest back here in April,
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  Speaker 1: dropping to as low as one point two. But since
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  Speaker 1: then it has been a steady climb up. So the
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  Speaker 1: real question has Palell tamed it or not. I think
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  Speaker 1: this is a very critical time for the Fed, and
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  Speaker 1: of course it's a very critical time I think also
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  Speaker 1: for the market because part of this is still pushing
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  Speaker 1: into I think two factors right now, one debasement on
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  Speaker 1: the dollar and two what we're seeing on the economic side,
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  Speaker 1: which will of course effectuate what we're going to see
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  Speaker 1: on these Fed rate cuts. Those are going to be
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  Speaker 1: the driving force behind where this market goes from here.
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  Speaker 1: Now there is a bitcoin contingent out there that's calling
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  Speaker 1: for one hundred and twenty four k pivotal position. If
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  Speaker 1: you look at a couple of notes here, one thing
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  Speaker 1: to consider is this passive selling on coinbase and taker
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  Speaker 1: selling on binance. This of course led back to leading
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  Speaker 1: glory when going back down one twenty three K or
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  Speaker 1: one hundred twenty three two. I think this is the
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  Speaker 1: real question is is does this continue. If it does,
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  Speaker 1: then it maybe gets us back down to say one
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  Speaker 1: to eighteen point seventeen. But I think the bigger upside
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  Speaker 1: here is still an all time high coming in October.
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  Speaker 1: That still is my prediction is that we could see
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  Speaker 1: the one thirty actually playing out. For sure, wouldn't be
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  Speaker 1: surprised to see a fake out below it. But overall,
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  Speaker 1: a few weekly closes about one twenty three is needed.
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  Speaker 1: This will set the stage for the next twenty to
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  Speaker 1: thirty percent rally in the coming weeks, and that's I'm
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  Speaker 1: in agreement with that. I do think that you know
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  Speaker 1: that one thirty could get blasted through. I'm kind of
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  Speaker 1: in the line of in October, the potential for a
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  Speaker 1: one thirty K to one forty K bitcoin The real
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  Speaker 1: question is is that the top when that occurs, let
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  Speaker 1: me know in the comments what you guys think where
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  Speaker 1: bitcoin is going to be heading from here in the
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  Speaker 1: month of October. Okay, in the month of October. Now,
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  Speaker 1: if you kind of consider are all things you have
• 10:01
  Speaker 1: to look at, where is the potential for this asset
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  Speaker 1: to continue to go up? Let me go to this
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  Speaker 1: clip because it explains about current investors.
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  Speaker 2: Take a look.
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  Speaker 6: Do you think there's still people out there that are like, oh, Karen,
• 10:14
  Speaker 6: I just don't know I buy bitcoin.
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  Speaker 2: I'm on the fence. Do those fence sitters still exist too?
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  Speaker 5: Oh?
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  Speaker 6: Yeah, absolutely, Brian. There's a Bank of America survey from
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  Speaker 6: a few weeks ago that showed more than sixty percent
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  Speaker 6: of investors still owns zero percent exposure with the digital assets.
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  Speaker 6: That's quite a lot. The next step, and really what
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  Speaker 6: Congress legislation is really enabling is for the rest of
• 10:35
  Speaker 6: the digital assets to really have their place ethereum Solana.
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  Speaker 6: These things are large tech platforms that are now growing
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  Speaker 6: at a rapid pace, and we believe Slana is on
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  Speaker 6: pace to be what could be the next generation megacap
• 10:46
  Speaker 6: tech company.
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  Speaker 1: All Right, So there you go. We've got a lot
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  Speaker 1: of potentials here and other assets.
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  Speaker 2: But really I.
• 10:52
  Speaker 1: Think the question mark is how traditional investors look at
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  Speaker 1: crypto in general, blockchain and kind of its future. If
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  Speaker 1: they see it like an AI play as early stage,
• 11:03
  Speaker 1: then we could see a lot of access coming into
• 11:06
  Speaker 1: the market. Other things you got to look at crypto
• 11:08
  Speaker 1: funds now saw a record five point ninety five billion
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  Speaker 1: in inflows last week. This of course surpassed the previous
• 11:14
  Speaker 1: week five billion. Other things you kind of have to
• 11:17
  Speaker 1: look at in general is the year to date on
• 11:19
  Speaker 1: Ethereum is now seeing a record thirteen point seven billion
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  Speaker 1: in inflows, nearly triple.
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  Speaker 2: That of last year, so very solid.
• 11:26
  Speaker 1: Last Salona XRP both recorded inflows last week of seven
• 11:30
  Speaker 1: hundred and six million and on two hundred nineteen four million, respectively.
• 11:34
  Speaker 1: This is the kind of inflows that we are seeing
• 11:36
  Speaker 1: over on coin shares. And I think the point being
• 11:39
  Speaker 1: here guys is there is a lot still to go
• 11:42
  Speaker 1: in terms of trad five markets coming into this. I
• 11:45
  Speaker 1: think this is mostly still crypto markets trading in crypto today,
• 11:50
  Speaker 1: even though we are seeing institutional of course playing into that.
• 11:53
  Speaker 2: Took a nice funds also will play into this.
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  Speaker 1: This is a market cap that could be a target
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  Speaker 1: of one point nine trillion to galaxy by twenty thirty.
• 12:02
  Speaker 1: This would be big if we started to see those
• 12:04
  Speaker 1: kind of numbers the investible universe. Two point zero is
• 12:08
  Speaker 1: kind of what they're getting at of being the one
• 12:10
  Speaker 1: point nine trillion, but they're thinking also that this could
• 12:13
  Speaker 1: also slide up to as much as three point eight
• 12:16
  Speaker 1: trillion if adoption accelerates, and that's the key thing. If
• 12:19
  Speaker 1: adoption truly does accelerate, there is a big opening here
• 12:24
  Speaker 1: for this twelfth sector to really become something very big
• 12:29
  Speaker 1: and very fast. Other things you have to consider right
• 12:32
  Speaker 1: here is the strategy that you're taking around investing. A
• 12:36
  Speaker 1: lot of people looked at this, you know, was trading
• 12:39
  Speaker 1: was a discipline about managing positions, precision, all that kind
• 12:42
  Speaker 1: of stuff. It's kind of changed a little bit, and
• 12:45
  Speaker 1: now the most important thing it's rather than be comfortable,
• 12:48
  Speaker 1: uh with what you're doing, it's actually having a ton
• 12:51
  Speaker 1: of risk on most of the time. Those are going
• 12:54
  Speaker 1: to be the things that actually start to leverage the
• 12:57
  Speaker 1: difference between an average investor and someone who's going to
• 12:59
  Speaker 1: win on this.
• 13:00
  Speaker 2: Because this is a.
• 13:00
  Speaker 1: Very intriguing time right now, everybody that probably watches our show,
• 13:05
  Speaker 1: you're probably up. There's always opportunities here to do profit taking,
• 13:09
  Speaker 1: which I recommend again not financial advice, but the point
• 13:12
  Speaker 1: being is is you have to look at your own
• 13:14
  Speaker 1: position if you're in the right place at the right time.
• 13:16
  Speaker 1: I'm Bitcoin and Ethereum both in pretty consistent spots based
• 13:20
  Speaker 1: on the lows that we saw in these bear markets.
• 13:23
  Speaker 1: So if you were with us during the bear market,
• 13:24
  Speaker 1: you're in pretty good shape.
• 13:26
  Speaker 2: Just a quick look over on this.
• 13:28
  Speaker 1: Chart right here is this point right here that we've
• 13:31
  Speaker 1: inflected on is the retracement on today's red candle coming
• 13:35
  Speaker 1: off that one twenty four after the one twenty six high,
• 13:39
  Speaker 1: and the question that we've got good volume, sentiment and
• 13:42
  Speaker 1: pretty much all things clicking still on bitcoins, so this
• 13:46
  Speaker 1: may be a short lived retracement. We're going to be
• 13:50
  Speaker 1: watching it very closely. Along with that and Ethereum and
• 13:53
  Speaker 1: some of the key projects that are out there, including Solana,
• 13:56
  Speaker 1: Sweet Avalanche, all those will be reporting on this week,
• 13:59
  Speaker 1: So make sure and stick aroun For all that get
• 14:01
  Speaker 1: in on the diamond circle, it's a great place to
• 14:02
  Speaker 1: get additional content from me, and of course follow me
• 14:05
  Speaker 1: out there. On x at Paul Baron. We'll catch you
• 14:08
  Speaker 1: next time, right here on the Paul Baron Show.
• 14:11
  Speaker 4: Thank you.