Latest / The Paul Barron Crypto Show / Mt. Gox Dump vs Incoming Rate Cuts🚀Crypto Market Update

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Mt. Gox Dump vs Incoming Rate Cuts🚀Crypto Market Update · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Malgox's pushing into the market again today and say, of
• 0:10
  Speaker 1: course we'll take a look at bitcoin also a handful
• 0:12
  Speaker 1: of other toke is I think that could be affected
• 0:14
  Speaker 1: by this, and is it an all time high coming
• 0:18
  Speaker 1: this year or not for bitcoin. We'll break it all
• 0:20
  Speaker 1: down for you. My name is Paul Barrow. Welcome back
• 0:22
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• 0:24
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• 0:27
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• 0:29
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• 0:32
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• 0:34
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• 0:37
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• 0:43
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• 0:53
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• 0:55
  Speaker 1: going to two hundred bucks in crypto just to get started.
• 0:58
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• 1:00
  Speaker 1: your first ethereum, you first Salona token, avalanche, whatever it
• 1:04
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• 1:07
  Speaker 1: out there, but use our link down below and get
• 1:09
  Speaker 1: started with it. All right, let's go over to a
• 1:11
  Speaker 1: couple of things, and Malcox of course is on the
• 1:13
  Speaker 1: move again. Twelve thousand bitcoin transferring mean for crypto, well,
• 1:18
  Speaker 1: some people think it might be a little bit of
• 1:20
  Speaker 1: why we're seeing a little bit of a stagnance position
• 1:23
  Speaker 1: in the marketplace. Late Tuesday night, Malcox of course came
• 1:27
  Speaker 1: in again by moving twelve thousand bitcoin worth about seven
• 1:30
  Speaker 1: hundred million, not a lot really in the scope of
• 1:33
  Speaker 1: things when you look at just crypto in general, especially bitcoin,
• 1:37
  Speaker 1: but the transfer follows a similar move last week, when
• 1:40
  Speaker 1: bitco also reportedly moved about two billion worth of bitcoin
• 1:45
  Speaker 1: it received from Malcox to another wallet. So interesting times.
• 1:50
  Speaker 1: There is some speculation that long away to repayments to
• 1:54
  Speaker 1: Malcox creditors may be nearing completion. That of course, will
• 1:57
  Speaker 1: be huge if we can kind of get this behind.
• 2:00
  Speaker 1: But remember there's still a lot of scenarios that play
• 2:03
  Speaker 1: out here. Malcox still sends seventy five mil to bitstamp,
• 2:08
  Speaker 1: and after that transfer, Malgox holds around thirty four thousand
• 2:11
  Speaker 1: bitcoin almost two billion, So be cautious in the markets
• 2:15
  Speaker 1: right now.
• 2:16
  Speaker 2: This.
• 2:16
  Speaker 1: Of course, I don't know that it's going to have
• 2:18
  Speaker 1: a major impact, as even that still is a very
• 2:20
  Speaker 1: small portion, but doesn't have that sentiment and that psychological
• 2:25
  Speaker 1: effect I think on new people coming into the markets.
• 2:28
  Speaker 1: That's the thing that I think a lot of people
• 2:29
  Speaker 1: are still worried about. Goldman says, wait a minute, We've
• 2:32
  Speaker 1: got some things that are changing the macro scenario, and
• 2:36
  Speaker 1: that is the US jobs data. The overstated mountainous amount
• 2:41
  Speaker 1: of jobs right now on where weakness is going is
• 2:44
  Speaker 1: a caution for bitcoin bears, and what they're simply saying
• 2:47
  Speaker 1: is you could be a little too bearrish right now.
• 2:49
  Speaker 1: It'll be crucial for global financial market as well as
• 2:51
  Speaker 1: crypto market. Market observers state that the BLS report was,
• 2:55
  Speaker 1: of course wrong. So Wednesday the Fed came in and
• 2:59
  Speaker 1: said to revise the job growth figures, which may reveal
• 3:03
  Speaker 1: job growth from last year through early this year was
• 3:07
  Speaker 1: weaker than previous. So it's interesting that this is done
• 3:11
  Speaker 1: post because when you look at the kind of situation
• 3:15
  Speaker 1: of how it affects markets, if this was done during
• 3:18
  Speaker 1: a market run, this would have real effect on even
• 3:22
  Speaker 1: the security side of things. So I don't know. Sometimes
• 3:24
  Speaker 1: I wonder if this isn't just manipulated. I know it's manipulated,
• 3:27
  Speaker 1: but to an extent that is pretty broad and wide open.
• 3:32
  Speaker 1: Morgan Stanley also expecting a downar revision APPAYROL data with
• 3:35
  Speaker 1: a drop of six hundred thousand jobs. This is the
• 3:37
  Speaker 1: thing I've been concerned about for quite some time, and
• 3:40
  Speaker 1: we will see a jobs report in early September. I
• 3:43
  Speaker 1: don't know that necessarily will change the Fed's position, But
• 3:47
  Speaker 1: remember all of that's happening this week. All those commissioners
• 3:50
  Speaker 1: are going to start to talk about what we're going
• 3:52
  Speaker 1: to see in September. They're over in Jackson Hole this week.
• 3:55
  Speaker 1: A lot of speakers up there, so follow that. There's
• 3:58
  Speaker 1: a good tracker out there as well that goes through
• 4:00
  Speaker 1: all the speakers and what they're saying and what the
• 4:02
  Speaker 1: potential impact on the markets could be. Most of that
• 4:05
  Speaker 1: time it's on the traditional markets. Other things to be considering.
• 4:11
  Speaker 1: Is this right here, the additions revised lower eight hundred
• 4:14
  Speaker 1: and eighteen thousand revision. This is the largest since two
• 4:17
  Speaker 1: thousand and nine. I just want to remind many of
• 4:19
  Speaker 1: you that maybe weren't around in business or in an
• 4:23
  Speaker 1: investing capacity in two thousand and nine. That was right
• 4:26
  Speaker 1: after one of the biggest recessions we had ever had,
• 4:29
  Speaker 1: so it's also one of the biggest bailouts we've also
• 4:32
  Speaker 1: had from the bank, So that was two thousand and eight,
• 4:34
  Speaker 1: two thousand and nine, that was the hit on the market.
• 4:36
  Speaker 1: US unemployment rate up is up now to four point
• 4:39
  Speaker 1: three percent, highest since twenty twenty one. If we hit
• 4:42
  Speaker 1: five percent here or get close to it, this will
• 4:44
  Speaker 1: not be good for the US. Five out of the
• 4:47
  Speaker 1: last six jobs reports now have been revised lower, meaning
• 4:50
  Speaker 1: we have weaker job markets overall, record number of Americans
• 4:53
  Speaker 1: now working multiple jobs. US dollar lost twenty five percent
• 4:56
  Speaker 1: of its purchasing power in four years. Now, I want
• 4:59
  Speaker 1: you to go back four years. It's lost twenty five
• 5:01
  Speaker 1: percent of its purchasing power. Do you think that's going
• 5:03
  Speaker 1: to go increase? Do you think we're going to get
• 5:05
  Speaker 1: more purchasing power in the future. That's why you're paying
• 5:08
  Speaker 1: attention to digital assets. This is not the case on
• 5:12
  Speaker 1: any of the digital assets over the last four years.
• 5:15
  Speaker 1: So very very bad situation right here. Eleven percent of
• 5:19
  Speaker 1: credit card balances in the US now are delinquent, one
• 5:23
  Speaker 1: in ten. That's crazy. This is the highest and over
• 5:26
  Speaker 1: a decade. So I don't know that anybody could say
• 5:29
  Speaker 1: that this is soft landing. Many people will say that
• 5:32
  Speaker 1: because what you have, unfortunately, is the one percenters who
• 5:35
  Speaker 1: are not necessarily seeing any kind of impact. And what
• 5:40
  Speaker 1: I mean by that is they're continuing to buy securities,
• 5:43
  Speaker 1: continuing to buy bonds, continuing to do investments and businesses,
• 5:46
  Speaker 1: et cetera. All that's really not being hit. It is
• 5:49
  Speaker 1: the middle market right now that is getting the hardest hit,
• 5:53
  Speaker 1: and then also lower income earners. So all this playing
• 5:56
  Speaker 1: into one thing, and that is you guys need to
• 5:59
  Speaker 1: get into community. One of the best communities out there
• 6:02
  Speaker 1: is ours, and it's the Diamond Circle. We always leave
• 6:05
  Speaker 1: a link down in the description below, but just go
• 6:07
  Speaker 1: over to our website wilbearonnetwork dot com and you can
• 6:11
  Speaker 1: jump over to memberships and join the Diamond Circle. It's
• 6:14
  Speaker 1: free access, very easy to get involved. It will give
• 6:18
  Speaker 1: you an email, it keeps you caught up on what's
• 6:21
  Speaker 1: happening on crypto, but it also gives you access to
• 6:24
  Speaker 1: additional podcasts and content from me, including different kinds of
• 6:28
  Speaker 1: analysis that we do in the actual member group. So
• 6:33
  Speaker 1: make sure and check it in and use our link
• 6:35
  Speaker 1: down below. All right, let's go over to another thing.
• 6:37
  Speaker 1: I want to hit to a couple of clips here.
• 6:39
  Speaker 1: This is back to back on some clips. Here. This
• 6:42
  Speaker 1: is Tom Lee talking about small caps. Now, why a
• 6:45
  Speaker 1: small caps important? Think of small caps similar to all coins.
• 6:50
  Speaker 1: Take a look.
• 6:51
  Speaker 3: I know you're saying that the bottom is in for
• 6:54
  Speaker 3: the market from that early August move. I'm still fixated
• 6:58
  Speaker 3: on your expectations for caps. Have been talking about them
• 7:01
  Speaker 3: a bit in this hour through the rest of the year.
• 7:04
  Speaker 3: You still think that they could go up forty percent
• 7:07
  Speaker 3: by year end?
• 7:10
  Speaker 2: Yes, John, You know, for small caps to rise forty
• 7:13
  Speaker 2: percent means that the pe the median Russell two thousand
• 7:17
  Speaker 2: stock goes from ten times to fourteen times. So it's
• 7:20
  Speaker 2: not asking the market to provide some magic and a
• 7:24
  Speaker 2: huge evaluation. It's actually just saying small cap stocks, which
• 7:28
  Speaker 2: have been left for dead, largely because the Fed's been
• 7:31
  Speaker 2: tight for almost two years, as they start to normalize
• 7:34
  Speaker 2: policy and as mergers pick up. You know, it's merger
• 7:37
  Speaker 2: activity has been accelerating this year and it should really
• 7:40
  Speaker 2: strengthen because it's a sin of CEO confidence. All of
• 7:43
  Speaker 2: these flow through to benefit small cap stocks.
• 7:45
  Speaker 3: You need dramatic cuts for that thesis to pan out.
• 7:49
  Speaker 3: Are there other potholes in the road that you see
• 7:53
  Speaker 3: that that threaten your thesis, Well.
• 7:57
  Speaker 2: A recession would be negative. I don't think the Fed
• 8:00
  Speaker 2: has to make major cuts, It actually just has to
• 8:03
  Speaker 2: I think the market narrative that would be the best
• 8:06
  Speaker 2: for small caps is the belief that real interest rates
• 8:09
  Speaker 2: are too tight now you know, five and a half
• 8:12
  Speaker 2: percent versus inflation trending towards two and getting rates back
• 8:17
  Speaker 2: down to a neutral rate at three percent. If the
• 8:19
  Speaker 2: market believes that they don't need the cuts to be
• 8:21
  Speaker 2: front and loaded, but they have to believe we're going
• 8:23
  Speaker 2: back towards neutral, I think that'd be a huge catalyst
• 8:26
  Speaker 2: for small caps.
• 8:28
  Speaker 1: I kind of agree with Tom there in the point
• 8:32
  Speaker 1: he's making at is that it may not take much
• 8:34
  Speaker 1: to kickstart it. Now. Granted he's considering this under the
• 8:38
  Speaker 1: guise of no macro pressure meaning crazy job issues, more bankruptcies,
• 8:44
  Speaker 1: problems on consumer front, continuing to see problems on retail,
• 8:48
  Speaker 1: because that's going to create downward guidance on retail, which
• 8:52
  Speaker 1: in some cases can't affect small caps. So you have
• 8:55
  Speaker 1: to kind of be cautious. And it's a bit of
• 8:57
  Speaker 1: a balancing act in looking at that in comparison, but
• 9:01
  Speaker 1: compare that to all coins. All cons kind of the
• 9:03
  Speaker 1: same scenario right now. Not a lot of liquidity that's
• 9:06
  Speaker 1: moved into all coins, which is why we've seen a
• 9:08
  Speaker 1: lot of these that they've either started to stall, reverse
• 9:11
  Speaker 1: or absolutely just go sideways. And that's everything from Solana
• 9:14
  Speaker 1: to Avalanche, you name it, in the all coin side
• 9:18
  Speaker 1: of things, and that's still in the top one hundred tokens.
• 9:20
  Speaker 1: Once you get out of that, it gets really interesting.
• 9:23
  Speaker 1: Now you went on to talk about how do you
• 9:26
  Speaker 1: buy or play the bigger market caps in comparison to
• 9:31
  Speaker 1: small caps.
• 9:32
  Speaker 3: Take a look how important not necessarily just to small caps,
• 9:37
  Speaker 3: but so the whole market narrative. Will Nvidia earnings next
• 9:41
  Speaker 3: week be.
• 9:43
  Speaker 1: Well?
• 9:43
  Speaker 2: In Vida is really important because it's underpinning really what
• 9:48
  Speaker 2: is driving the US economy, which is a real push
• 9:51
  Speaker 2: towards productivity using basically digital tools and automation. That's a
• 9:56
  Speaker 2: very important deflation disinflationary trend. But in Vida, you know,
• 10:02
  Speaker 2: trading at twenty six times sport earnings isn't that demanding
• 10:05
  Speaker 2: a stock either, So it's not like I would say
• 10:07
  Speaker 2: sell and Vidia to buy small caps. I think in
• 10:09
  Speaker 2: Vidia is still a long term buy.
• 10:12
  Speaker 1: You know, you have to think at in Nvidia meta
• 10:16
  Speaker 1: many of the those would be the two of the
• 10:18
  Speaker 1: plays that I'm looking at, you know, when it looks
• 10:20
  Speaker 1: at securities, just in the sense of very long term narratives.
• 10:23
  Speaker 1: I'm talking about decade out, five years out, and I
• 10:26
  Speaker 1: would agree with him there. I think that's still a
• 10:28
  Speaker 1: potential growth sector. Obviously, AI will continue to be at
• 10:31
  Speaker 1: least for some time until we start to see maybe
• 10:34
  Speaker 1: narratives that are one it's too expensive, two we don't
• 10:38
  Speaker 1: have a use case for it and a market fit
• 10:41
  Speaker 1: or three no uptake on consumer even though I am
• 10:44
  Speaker 1: seeing a lot of growth on paid services with AI.
• 10:47
  Speaker 1: So we'll see if Nvidia continues to crash or continue
• 10:50
  Speaker 1: to grow with those kind of scenarios. Now, speaking of
• 10:54
  Speaker 1: crashing the dx y, right now, the dixie has started
• 10:58
  Speaker 1: to fall and it's the low level in twenty twenty four.
• 11:02
  Speaker 1: This is very bullish. There's the chart right there, very
• 11:04
  Speaker 1: bullish for crypto and a couple of things that you
• 11:08
  Speaker 1: have to kind of compare and if many people will
• 11:11
  Speaker 1: look at this in the sense of just the strength
• 11:12
  Speaker 1: of dollar in general, you look at the power of
• 11:15
  Speaker 1: what we've seen with inflation, but more is the accumulative
• 11:20
  Speaker 1: inflation and the accelerated inflation that we've seen in the
• 11:23
  Speaker 1: last two years. Now, granted it could slow and we
• 11:27
  Speaker 1: could see just a normalized inflation of say two percent
• 11:31
  Speaker 1: and a normalized interest rate of around three Does that
• 11:35
  Speaker 1: give strength back into the dollar. It probably stabilizes it
• 11:37
  Speaker 1: to a certain descent. But I do think that's where
• 11:39
  Speaker 1: liquidity starts to flow into risk. And speaking of risk,
• 11:43
  Speaker 1: you to think about gold. And I know people won't
• 11:45
  Speaker 1: necessarily always say that gold is a risk, but a
• 11:47
  Speaker 1: couple of points right here, bitcoin versus gold real store
• 11:50
  Speaker 1: of value. This, of course is being kind of lobbed
• 11:54
  Speaker 1: out there. Gold has demonstrated a strong characteristics during this
• 11:56
  Speaker 1: market uncertainty, and it has been moving for sure. This
• 11:59
  Speaker 1: is Mary balshunis one of the big Bloomberg guys that
• 12:03
  Speaker 1: talks a lot about ETFs, but he's going into the
• 12:05
  Speaker 1: Gold Trust. It's attracted two billion in inflows over the
• 12:08
  Speaker 1: past six weeks, staggering twenty three percent. Okay, that's a
• 12:11
  Speaker 1: nice game. Despite this, gold ETFs are still lagging those
• 12:15
  Speaker 1: slightly behind the spot Bitcoin ETF since their launch, so
• 12:19
  Speaker 1: about five hundred basis points. So that's pretty significant when
• 12:22
  Speaker 1: you consider that this is a ETF Bitcoin ETF that
• 12:26
  Speaker 1: isn't even what eight months old yet, So let's look
• 12:30
  Speaker 1: at that in comparison, and of course we'll see how
• 12:33
  Speaker 1: this plays out. A couple of points right here. Mike
• 12:36
  Speaker 1: McLoone says bitcoin could be leading the reversion of risk
• 12:39
  Speaker 1: assets amid its underwhelming performance since March, and mcglohone also
• 12:44
  Speaker 1: predicted that gold could outperform bitcoin this year with these
• 12:47
  Speaker 1: macro economic uncertainties. That will be the big question mark
• 12:51
  Speaker 1: is which way do you go based on the macro
• 12:55
  Speaker 1: economics that we start to see coming in from the
• 12:57
  Speaker 1: FED and really around the economy, because getting out of
• 13:02
  Speaker 1: this push that we've seen on the consumer, on the
• 13:05
  Speaker 1: pricing indexes obviously around interest rates and inflation, this will
• 13:10
  Speaker 1: be the trigger that either puts you into risk or
• 13:12
  Speaker 1: puts you into long term assets maybe like a goal.
• 13:15
  Speaker 1: Of course, I'll put this here just in the sense
• 13:17
  Speaker 1: that it came from Peter Shift, which I think he
• 13:20
  Speaker 1: might have said this maybe every year, for every year,
• 13:23
  Speaker 1: I expect precious metals minding to be the best performing
• 13:26
  Speaker 1: sector not just for the remainder of this year, but
• 13:29
  Speaker 1: for this decade. Absolutely, I do not agree with that.
• 13:33
  Speaker 1: A couple of points though, that you have to consider.
• 13:35
  Speaker 1: Here's Peter Brown. This is a legendary trader, has been
• 13:38
  Speaker 1: one of the most technical traders out there and the
• 13:42
  Speaker 1: things he looks at his patterns. One of the things
• 13:44
  Speaker 1: that he is hitting on here is the current Bowld
• 13:46
  Speaker 1: market cycle on bitcoin will soon become the longest time
• 13:50
  Speaker 1: post having in history for a new all time high,
• 13:53
  Speaker 1: or could indicate that the new all time high just
• 13:57
  Speaker 1: isn't in the cars. So that's the real question mark
• 14:00
  Speaker 1: that this was being stated by Peter Brandt, and I
• 14:02
  Speaker 1: think many people would look at it two ways. One is,
• 14:05
  Speaker 1: we reached that all time high way too early in
• 14:07
  Speaker 1: the market cycle, and for whatever reasons, there's a lot
• 14:11
  Speaker 1: of impact from inflation, what we're seeing economically, and then
• 14:15
  Speaker 1: a political you know, charged election that really is putting
• 14:18
  Speaker 1: a lot of pressure because of the importance of what's
• 14:21
  Speaker 1: going on crypto. I still believe the narrative and sentiment
• 14:25
  Speaker 1: is the real driver behind all of this. So even
• 14:28
  Speaker 1: though the charts do say something, narrative and sentiment to
• 14:32
  Speaker 1: me is one of the bigger factors. Now, does that
• 14:34
  Speaker 1: mean it's long term, No, but it does swing parabolic moves,
• 14:38
  Speaker 1: and that's the thing we watch a lot. Speaking of
• 14:40
  Speaker 1: narrative and sentiment, Trump is now back in the lead.
• 14:45
  Speaker 1: There's many reasons why. Finally at the DNC we saw
• 14:49
  Speaker 1: policy being talked about for really the first time from
• 14:53
  Speaker 1: the Democratic campaign. A couple of things that Harris of
• 14:57
  Speaker 1: course has started to reveal. Odds begin and declining after
• 15:00
  Speaker 1: she unveiled the economic policy. This, of course was Biden's
• 15:04
  Speaker 1: tax proposal, which accelerated the decline. We're tracking the election
• 15:09
  Speaker 1: right now in real time, and I think this is
• 15:11
  Speaker 1: the point when you look back here at polymarket, I
• 15:13
  Speaker 1: think we're gonna probably see this start to slide, maybe
• 15:16
  Speaker 1: even more positive for Trump, unless Harris does a pivot.
• 15:21
  Speaker 1: I don't necessarily think that it will be believed, but
• 15:24
  Speaker 1: it could happen. Harris also has endorsed Biden's twenty twenty
• 15:27
  Speaker 1: five capital gains tax. This is the one that's most concerning,
• 15:31
  Speaker 1: which would raise long term capital gains tax to forty
• 15:33
  Speaker 1: four percent. This will also mark the highest long term
• 15:36
  Speaker 1: capital gains since nineteen twenty two, one hundred years ago.
• 15:43
  Speaker 1: Interesting plan also has proposed a twenty five percent tax
• 15:47
  Speaker 1: on unrealized capital gains for wealthy individuals. So, if you're
• 15:51
  Speaker 1: holding something and you have a net worth that's out
• 15:54
  Speaker 1: there that is extensive, maybe millions or multi millions. You
• 15:58
  Speaker 1: could own a business, you could own a security, You're
• 16:00
  Speaker 1: going to end up seeing long term capital gains being
• 16:03
  Speaker 1: hit on this. This is very interesting. All right, let's
• 16:06
  Speaker 1: go to a couple other things I want to hit on.
• 16:08
  Speaker 1: Bitcoins price could run up into the US election. This
• 16:12
  Speaker 1: is the question mark. Is the election the potential for
• 16:16
  Speaker 1: our historical pattern to be hit potential bottom aligned with
• 16:20
  Speaker 1: historical patterns observed in previous states elections years, This is
• 16:24
  Speaker 1: the question. Bitcoin's third quarter bottoms in twenty twelve, sixteen
• 16:28
  Speaker 1: twenty also were strong upward momentum after often leading price
• 16:33
  Speaker 1: rallies and of course record highs after these elections could
• 16:37
  Speaker 1: be the case. The only difference here is in all
• 16:41
  Speaker 1: of those years prior, crypto was never being talked about
• 16:45
  Speaker 1: as much as it is right now by a US
• 16:49
  Speaker 1: presidential candidate nor by Congress almost every week. So that
• 16:56
  Speaker 1: is the bigger narrative going forward is how does our
• 17:01
  Speaker 1: organization of a government deal with what's happening with digital assets.
• 17:06
  Speaker 1: That's the real question going forward. That's why you need
• 17:09
  Speaker 1: to be voting pro crypto no matter what. If you're
• 17:11
  Speaker 1: watching our channel, hopefully that's the reason you're here is
• 17:14
  Speaker 1: you are most likely a single or a two issue voter,
• 17:17
  Speaker 1: and crypto is one of the big ones, So go
• 17:20
  Speaker 1: do it. One thing I want to hit on and
• 17:22
  Speaker 1: that is ETH and a lot of people kind of saying, well,
• 17:25
  Speaker 1: Eth is lagging, Eth is not moving, it's dying, blah
• 17:29
  Speaker 1: blah blah. Eth fear's demise are greatly exaggerated by Coinbase.
• 17:35
  Speaker 1: They're saying this is that's not going to happen. We
• 17:36
  Speaker 1: think the application based utility may emerge as the largest
• 17:39
  Speaker 1: demand driver. Many people still look at ethereum as the
• 17:42
  Speaker 1: next Internet. We think that the high throughput, low fees
• 17:46
  Speaker 1: on the L two environments. We've talked to that with
• 17:48
  Speaker 1: this at you know, just watch any of our videos
• 17:51
  Speaker 1: enable new forms of applications, asset utility, all of that
• 17:55
  Speaker 1: not available on L one's, which we're seeing more and
• 17:58
  Speaker 1: more of. We will continue to see think a lot
• 18:00
  Speaker 1: more growth. It's just the cycle and it's also there's
• 18:04
  Speaker 1: so many pressure points that we've talked about economy macro,
• 18:08
  Speaker 1: what we're dealing with in the political landscape, what we're
• 18:10
  Speaker 1: dealing within the regulatory landscape on this is merging at
• 18:14
  Speaker 1: the same time. So for the market to be doing
• 18:17
  Speaker 1: as good as it is, in my opinion, is a
• 18:20
  Speaker 1: huge bullish signal. Other things you kind of have to
• 18:23
  Speaker 1: look at is what's happening on polygon right now. Polygon
• 18:26
  Speaker 1: of course, layer two on eth exploding out of the
• 18:30
  Speaker 1: market right now, This is on the daily and of
• 18:32
  Speaker 1: course this is the key. We're only a couple of
• 18:34
  Speaker 1: weeks of seeing layer two liquidity start to explode, I
• 18:37
  Speaker 1: think within this ecosystem. So again, this is just more
• 18:41
  Speaker 1: strength within ethereum as a whole. I'm not sleeping on ETH.
• 18:45
  Speaker 1: I think is still one of the biggest assets that
• 18:47
  Speaker 1: we need to be watching on an ongoing basis, remember diversification.
• 18:50
  Speaker 1: Best way to go all right, breaking here, of course
• 18:53
  Speaker 1: is the fed FMC minutes are in and a vast
• 18:57
  Speaker 1: majority of the commissioners saw September cut as likely appropriate,
• 19:01
  Speaker 1: so this could be something act accordingly. You'll see what
• 19:05
  Speaker 1: happens as we start to roll out, all right. If
• 19:07
  Speaker 1: you guys are not following me, on X make sure
• 19:09
  Speaker 1: and do that. It's very simple. It's just at Paul
• 19:11
  Speaker 1: Baron and of course we'll see you next time right
• 19:13
  Speaker 1: here on Techpath