Latest / The Paul Barron Crypto Show / Mark Kelly vs Pete Buttigeig🔥Crypto's Plan-B Option✔️

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Mark Kelly vs Pete Buttigeig🔥Crypto's Plan-B Option✔️ · The Paul Barron Crypto Show

0:07
Speaker 1: Politics continues to intersect with crypto and today I think
0:10
Speaker 1: the vice president is going to be a key position
0:13
Speaker 1: in the Harris campaign. We'll break it all down for
0:15
Speaker 1: you guys. You'll love it. My name is Paul Barren.
0:17
Speaker 1: Welcome back in the tech path. I want to start
0:18
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Speaker 1: go into a couple of points here. I want to
0:59
Speaker 1: start off with Brad garling House and his position. Really
1:03
Speaker 1: what's happening. Let me kind of zoom in on that
1:05
Speaker 1: a little bit. Jumping to conclusions and assumptions about candidates
1:09
Speaker 1: purely based on political affiliation without any policy proposals, is
1:13
Speaker 1: holding the crypto industry back. I would agree with that.
1:16
Speaker 1: I'm okay with that, And he right now is keeping
1:19
Speaker 1: an open mind. So he's looking at the way that
1:22
Speaker 1: some of the politicians that are coming onto the scene
1:25
Speaker 1: now that may be in power very soon, could be
1:29
Speaker 1: looking at the industry. I think, yes, let's keep an
1:31
Speaker 1: open mind, but also look at their track record. So
1:34
Speaker 1: I'm kind of half in agreement with mister garling House
1:37
Speaker 1: right there. A couple other things that are happening this
1:40
Speaker 1: week on for our excuse me, on Saturday at two
1:42
Speaker 1: pm over at the Bitcoin conference, you're going to actually
1:46
Speaker 1: see several presidential candidates, including RFK Junior and of course
1:50
Speaker 1: mister Donald Trump, all available on stage talking about potentially
1:56
Speaker 1: more integration into bitcoin. There's a lot of rumors still
1:59
Speaker 1: flying around. We'll see how this goes. And also I
2:01
Speaker 1: think this will be a huge factor on getting crypto
2:04
Speaker 1: into the mainstream, which is really the bigger picture here
2:08
Speaker 1: is that more people will understand why this is such
2:11
Speaker 1: a topic for voters going into this election. I want
2:15
Speaker 1: to play a clip because this is RFK talking about
2:20
Speaker 1: really Trump and whether or not this is a good
2:22
Speaker 1: move for bitcoin. Take a look.
2:23
Speaker 2: It's a new issue for him. He has not been
2:26
Speaker 2: committed to it in the past. He's you know, he's
2:28
Speaker 2: talked about the coin as a scam. President Trump also,
2:32
Speaker 2: you know Steve Minuchin, who was his former Secretary of
2:36
Speaker 2: the Treasury, also tried to end person person transactions with bitgwain.
2:42
Speaker 2: He initiated the war on bitgoin. I'm not sure, and
2:45
Speaker 2: I hope he understands the importance to the Bill of
2:49
Speaker 2: Rights and personal freedoms. President Trump locked down our country
2:52
Speaker 2: because a fifty year old, fifty year bureaucrat had never
2:57
Speaker 2: been elected, told me I had to do that freedom
3:00
Speaker 2: of assembly, which is protected by the First Amendment. He
3:03
Speaker 2: began censoring speech. I'm a litigating on that issue even now.
3:07
Speaker 2: Trump also add the power for four years to pardon
3:11
Speaker 2: ross Olbrick, to pardon Edward Snowden, to pardon Julian Massage,
3:16
Speaker 2: and he didn't do it. He promised to balance the budget,
3:19
Speaker 2: but he printed eight trillion dollars for the currency.
3:21
Speaker 3: I think it was.
3:22
Speaker 2: More than an all the presidents combined from George Washington
3:26
Speaker 2: George W. Bush, he got really a bureaucracy. And that's
3:29
Speaker 2: what I worry about with President Trump, by people like
3:33
Speaker 2: Jamie Diamond, who will say to him, well, you know,
3:36
Speaker 2: bitcoin is a good idea for this fringe group, but
3:40
Speaker 2: we're adults now, and you know, just between us billionaires,
3:44
Speaker 2: you can't do that. And I'm worried that about his
3:48
Speaker 2: capacity to exercise independent judgments and to really get to
3:54
Speaker 2: study these issues in ways that you can make a
3:56
Speaker 2: deep personal commitment to it that gives you the capacity
4:00
Speaker 2: to stand up to very very convincing, very persuasive, and
4:04
Speaker 2: very powerful bureaucracies.
4:07
Speaker 1: Well, a couple of things he did hit right, and
4:09
Speaker 1: that is very powerful bureaucracies. And I would say that
4:13
Speaker 1: if you look and I'm not going to argue for
4:14
Speaker 1: Trump or for RFK or for the Harris campaign, but
4:18
Speaker 1: if you look at the position Trump came in as
4:20
Speaker 1: a non politician, came in as a businessman, you know,
4:23
Speaker 1: more movie star than anything, I guess, if you want
4:25
Speaker 1: to call it that. And he got exposed I think
4:27
Speaker 1: to the swamp in a very good way. So I
4:29
Speaker 1: don't know that he is going to go about this
4:31
Speaker 1: the same way the next time around. It's kind of like, Okay,
4:35
Speaker 1: now I understand how the jig is up versus these
4:38
Speaker 1: lifelong politicians who do understand how this works, And tell me,
4:42
Speaker 1: tell me right now, is there one politician that has
4:45
Speaker 1: ever actually done what they said they were going to
4:48
Speaker 1: do in reality and truly helped the United States? We
4:51
Speaker 1: are at the highest debt we've ever been in our
4:54
Speaker 1: entire history, and it's not going down at all. So
4:57
Speaker 1: this is not something I'm really worried about. I think
5:00
Speaker 1: we're going to continue to see a lot of growth here.
5:02
Speaker 1: But one thing that is key, and that is in
5:03
Speaker 1: the Democratic Party, we are going to have to see
5:06
Speaker 1: a presidential nomination of their VP that aligns with crypto
5:11
Speaker 1: policy and at least in alignment with where this is
5:13
Speaker 1: going here, of course, is a Harris campaign. Harris vetting
5:16
Speaker 1: nearly a dozen potential running mates, including base Ar, Budda
5:20
Speaker 1: j Edge, and Cooper Kelly and Shapiro. For sure, Okay,
5:26
Speaker 1: Harris vetting nearly a dozen potential running mates, including Basher,
5:30
Speaker 1: buddhaj Edge, Cooper, Kelly, and Shapiro. Some of the ones
5:34
Speaker 1: we're looking at the top of the list. I still
5:36
Speaker 1: think it's going to be Shapiro, but it could fall
5:38
Speaker 1: into others. But right now, the one I'm really focusing
5:41
Speaker 1: on is Kelly, because this is one that I think
5:44
Speaker 1: may be a disadvantage for the crypto industry. If you
5:48
Speaker 1: look at what poly market is saying right now, there's
5:50
Speaker 1: Mark Kelly right there, and he came out of really
5:53
Speaker 1: kind of came out of nowhere because over a week
5:55
Speaker 1: ago he was not necessarily in the race within this.
5:58
Speaker 1: And there's Josh Shapiro Besher of course there, and Bootajeedge
6:03
Speaker 1: came up quite a bit as well. There was a
6:05
Speaker 1: little bit of a bump on Boota Jeedge as well.
6:07
Speaker 1: So I think this is still up for grabs. But
6:10
Speaker 1: the one that I am very concerned about is Mark Kelly.
6:13
Speaker 1: And here's why this I don't agree with, which is
6:15
Speaker 1: a neutral position on crypto. And here's why Kelly, Warren
6:20
Speaker 1: Marshall and one hundred other lawmakers asked Biden and the
6:23
Speaker 1: administration to address crypto financed terrorism. We all know that
6:26
Speaker 1: is now false. And of course this clearly identifies him
6:31
Speaker 1: as one of the generals of the anti crypto army.
6:34
Speaker 1: This is the guy that we cannot have in the
6:36
Speaker 1: vice presidency role should the Democratic Party win. I want
6:40
Speaker 1: to go to some new polling out there to kind
6:42
Speaker 1: of give you an alignment of where the market is showing.
6:45
Speaker 1: Take a look.
6:46
Speaker 4: The model margin of there is two point four percent,
6:50
Speaker 4: and here are some of the results a month later.
6:52
Speaker 4: In the twenty twenty four election we're held today, who
6:54
Speaker 4: would you vote for? Harris forty four and Trump forty three?
6:58
Speaker 4: I saw it in I read so much. But Boodha
7:00
Speaker 4: Judge is still the favorite of the core Democrats right
7:04
Speaker 4: and although Mark Kelly is getting a lot of attention
7:08
Speaker 4: as well, do you have what do you think finally
7:10
Speaker 4: happens there?
7:11
Speaker 5: I think there are a lot of considerations that go
7:13
Speaker 5: into selecting a running mate. Among voters, voters are excited.
7:21
Speaker 5: Twenty three percent say that they're excited about the possibility
7:25
Speaker 5: of Transportation Secretary Pete Boodha Judge. But not too far
7:30
Speaker 5: behind is US Senator from Arizona, Mark Kelly with twenty percent.
7:34
Speaker 5: I will say that Mark Kelly's support among voters is
7:37
Speaker 5: more regionally specific. It's more driven by voters in the Southwest,
7:41
Speaker 5: voters in Arizona.
7:43
Speaker 4: Yeah, Pennsylvania is such a tricky.
7:45
Speaker 5: Desicion in Arizona.
7:46
Speaker 4: Absolutely, and if you could do pencil, if you could
7:49
Speaker 4: guarantee Pennsylvania for Vice President Harris, I mean, that would
7:55
Speaker 4: be an important thing to do too. But then you
7:56
Speaker 4: got you got all the implications of taking the governor
7:59
Speaker 4: of pop to the governor.
8:00
Speaker 1: Aut So you know, listen, I'm not a political analyst,
8:04
Speaker 1: but if you just look at the business aspect of this,
8:08
Speaker 1: in any business decision, you make the decision based on
8:12
Speaker 1: what that particular deal that individual can do to further
8:16
Speaker 1: the business. And I think this is just like anything
8:18
Speaker 1: else you could win Pennsylvania. Sure with Shapiro Boota Jedge,
8:22
Speaker 1: I think brings maybe some heavy talking points to actual
8:26
Speaker 1: achievements that are being done. And outside of that, I
8:31
Speaker 1: think those are the two. I still think those are
8:33
Speaker 1: the two top candidates that don't hurt the crypto market specifically,
8:38
Speaker 1: But all in all, it's still boil down bowl down
8:41
Speaker 1: to the administration and their position, which we do not
8:43
Speaker 1: know right now. Further into this, Pat Ryan voices his
8:48
Speaker 1: support for Buddha Judge, so he clearly is pushing onto
8:51
Speaker 1: this that whether you believe in pole data and if
8:53
Speaker 1: you think the twenty three percent on Buddha judge is
8:55
Speaker 1: accurate or not. I just don't know because I'm still
8:58
Speaker 1: looking at it. You know, from a polymarkets standpoint, these
9:00
Speaker 1: are real investors that are willing to put their money
9:02
Speaker 1: where their mouth is. And you look at sentiment in general,
9:05
Speaker 1: I think is still remember poly market, Yes, it is
9:08
Speaker 1: a crypto bubble. These are people who are looking for
9:11
Speaker 1: something that is an angle that has some sort of
9:13
Speaker 1: crypto related positivity within it. Don't forget. We did a
9:17
Speaker 1: video on this not too long ago, which was where
9:20
Speaker 1: Harris's selection potentially would be Botajet maybe come out being
9:24
Speaker 1: right on this. We'll see plays out other things that
9:28
Speaker 1: are happening positively for Botajet. And I'm not saying that
9:31
Speaker 1: Bodhajes should be the guy, but if it is Boutajeg,
9:35
Speaker 1: there are some things that he has been able to do.
9:37
Speaker 1: So what's interesting here is there was a little bit
9:40
Speaker 1: of a surge on Botajet. And it's kind of interesting
9:43
Speaker 1: because of the date and the time we put out
9:45
Speaker 1: a video on this, and this was the period of
9:48
Speaker 1: time right here. This is the chance. Let me kind
9:50
Speaker 1: of zoom in on this for you guys, so you
9:51
Speaker 1: can kind of see it a little bit closer, and
9:54
Speaker 1: right here is the chart coming in right there on
9:57
Speaker 1: July twenty fourth, right you put that video out that afternoon,
10:02
Speaker 1: and by evening right there at ten thirty, you had
10:06
Speaker 1: a surge on buddhaj Edge kind of out of nowhere,
10:08
Speaker 1: not really a reason, but he did climb in his
10:13
Speaker 1: chances up from what I think at that time was
10:15
Speaker 1: around three percent. So he's now almost doubled that, overdoubled that,
10:19
Speaker 1: so a lot, a lot definitely maybe leaning in there.
10:22
Speaker 1: All right, So I want to go to this other
10:23
Speaker 1: clip because this is talking about the airline outage drama.
10:26
Speaker 1: This of course was all CrowdStrike. All these issues that
10:29
Speaker 1: we've been dealing with. This centralized problems with control of
10:33
Speaker 1: certain software systems and travel is one of the biggest
10:36
Speaker 1: will Blutajeedge is the Secretary of Transportation, a cabinet member,
10:41
Speaker 1: and he's actually making moves. Take a look.
10:43
Speaker 6: Delta has canceled more than five thousand flights in the
10:46
Speaker 6: last few days. That is more than the airline canceled
10:49
Speaker 6: in all of twenty eighteen and twenty nineteen combined. Flight
10:53
Speaker 6: Aware shows more than sixty percent of all domestic flight
10:56
Speaker 6: cancelations today are from Delta.
10:58
Speaker 7: This is not just a crowd strike problem anymore.
11:01
Speaker 3: This is a Delta problem.
11:02
Speaker 6: The issue is leaving a lot of travelers scrambling to
11:05
Speaker 6: rebook or get refunds.
11:06
Speaker 8: Hours talking to customer service. This person was told to
11:09
Speaker 8: have to wait more than ten hours just to speak
11:12
Speaker 8: with someone. The airline says that they only issue cash
11:14
Speaker 8: refunds if the problem was within their control. We inform
11:18
Speaker 8: Delta today that Dot is launching an investigation, and we
11:23
Speaker 8: estimate that more than half a million passengers have been
11:25
Speaker 8: impacted by this. If a passenger proactively indicates that they'd
11:29
Speaker 8: prefer a credit or about your fine, but you are
11:32
Speaker 8: entitled to cash if your flight is canceled and you
11:35
Speaker 8: don't take a rebooking.
11:36
Speaker 7: More broadly speaking, are you concerned about sort of an
11:40
Speaker 7: overreliance on technology so that when one piece of technology
11:43
Speaker 7: goes out, all of the airlines are grounded And what
11:46
Speaker 7: can you do about that?
11:47
Speaker 8: I do think a lot of conversations are opening up
11:49
Speaker 8: now about how to make sure systems are more resilient.
11:52
Speaker 8: And it's really the resiliency that's our concern, you know.
11:56
Speaker 1: So you look at his address, I mean obviously he's
11:58
Speaker 1: doing something that is for the people, and those are
12:01
Speaker 1: moves that I think everybody can understand and also would
12:04
Speaker 1: agree with. The Other thing he mentioned in that interview
12:07
Speaker 1: was the fact they're trying to address the problem, and
12:10
Speaker 1: the problem aligns within this centralization of software. Global allege
12:15
Speaker 1: shows lack of digital sovereignty and resilience. And you look
12:19
Speaker 1: at some of the areas that really could potentially be
12:22
Speaker 1: here decentralized and federate, this is one of them, and
12:25
Speaker 1: this could play into an advantage for blockchain. And we've
12:28
Speaker 1: shown some things here on the channel before around Bugez's
12:31
Speaker 1: efforts to go in this direction. Again, positive moves on
12:36
Speaker 1: the front of blockchain usage, definitely making some administrative calls
12:40
Speaker 1: to try to fix some of these issues with bad
12:43
Speaker 1: actors like Delta. But I'll tell you one thing, if
12:45
Speaker 1: Delta takes this hit on this many bad flights, this
12:49
Speaker 1: could be a huge problem for all airlines, but specifically
12:54
Speaker 1: for Delta in the future. So all right, so all
12:56
Speaker 1: over the media, you've got this topic right here, the
12:59
Speaker 1: global outage, the case for decentralized and decentralization using blockchains.
13:05
Speaker 1: Some of the things that they kind of focus on
13:07
Speaker 1: are distributed infrastructure, transparency and security. Listen, these are terms
13:12
Speaker 1: you guys use all the time. Fault tolerance and then
13:15
Speaker 1: trustless operations. So this is something that I think business,
13:19
Speaker 1: but maybe now even government are starting to look at
13:23
Speaker 1: as a real alternative solution. Polymarket. This is another thing
13:28
Speaker 1: that's happening right now. I look at poly market in
13:30
Speaker 1: the sense that it seems to generate early indicators that
13:35
Speaker 1: start to show a surge in something that's on the move.
13:38
Speaker 1: And this question is whether or not JD. Vance could
13:41
Speaker 1: be replaced as the Republican VP nomination. So nine percent
13:46
Speaker 1: chance right now, that's extensive considering that you know, just
13:49
Speaker 1: a little while ago this was down in the two, three,
13:53
Speaker 1: four or five and even six percent chance. If this
13:56
Speaker 1: gets into double digits, we could see a pretty big
14:00
Speaker 1: in the Republican party. Other things I want to hit on.
14:03
Speaker 1: This goes back to Buddha Jedge because he's talking about
14:06
Speaker 1: Vance and his position. He's already starting to kind of
14:08
Speaker 1: position in posture around maybe a debate. Take a look.
14:14
Speaker 8: Okay, I know there are a lot of folks who say,
14:15
Speaker 8: what's going on with some of these Silicon Valley folks
14:18
Speaker 8: veering into Trump World with JD Vance and backing Trump.
14:21
Speaker 1: What do you think of him?
14:22
Speaker 8: Look, we're from the same generation, We're both from the Midwest.
14:25
Speaker 8: When I got to Harvard, I found a lot of
14:26
Speaker 8: people like him who would say whatever they needed to
14:29
Speaker 8: to get ahead. Five years ago, that seemed like being
14:32
Speaker 8: the anti Trump Republican. So that's what he was. The
14:34
Speaker 8: way he gets ahead is that he's the greatest guy
14:36
Speaker 8: since Slice spread. That's kind of why you're getting with
14:39
Speaker 8: Jad right.
14:40
Speaker 1: Well, I do see that being the case. I also
14:44
Speaker 1: put it in a position that sometimes people just change
14:47
Speaker 1: their mind, you know, they actually say, you know I
14:49
Speaker 1: was wrong, or maybe I didn't understand that, or I've
14:53
Speaker 1: reconsidered my position there. So I think you have to
14:55
Speaker 1: be cautious of that. But the fact that he hit
14:57
Speaker 1: on that, he does kind of point up the this
15:00
Speaker 1: could be a battle for vps going head to head.
15:03
Speaker 1: I want to go to another clip real quick. This
15:05
Speaker 1: is Buddha Jedge talking about EV's and working with Elon.
15:08
Speaker 1: Take a look, no one is even buying evs anymore.
15:11
Speaker 8: Every year more Americans buy evs than the year before.
15:15
Speaker 8: They're way more expensive than gas powered vehicles. No, they're not.
15:19
Speaker 8: If you look at equivalent, you look at a Chevy Bolt,
15:22
Speaker 8: you look at Tesla in terms of the actual equivalent
15:24
Speaker 8: gas power car. The evs are increasingly reaching parody. In
15:28
Speaker 8: some cases cheaper Okay, well, they're only cheaper because of
15:30
Speaker 8: government subsidies. It's a hell of a lot cheaper than
15:33
Speaker 8: the subsidies that have been going on for years for
15:36
Speaker 8: oil and gas.
15:37
Speaker 3: The President just recently announced one hundred percent tariffs on
15:40
Speaker 3: ev is coming from China. Should we just embrace cheap
15:43
Speaker 3: evs coming from China?
15:44
Speaker 8: No, because it's not fair competition. This is why it
15:47
Speaker 8: really harmed our economic security when the Trump administration all
15:52
Speaker 8: but deliberately gave China the advantage in the EV market,
15:57
Speaker 8: and now we are working to reclaim it onto a
16:00
Speaker 8: American soil. And this is really personal for me, having
16:02
Speaker 8: seen firsthand what can happen not just to a company,
16:05
Speaker 8: but to a community when industry fails to keep with
16:09
Speaker 8: the times and fails to innovate.
16:12
Speaker 3: Is test the promising more than they can deliver.
16:14
Speaker 8: I'm really bullish on the safety potential of these automating technologies.
16:19
Speaker 3: What's your relationship like with Elon Musk Do you hear
16:21
Speaker 3: from him?
16:22
Speaker 8: Do you talk to him early on having a meeting
16:24
Speaker 8: with all of the OEMs where he committed he kind
16:27
Speaker 8: of been passing, said that he was going to open
16:29
Speaker 8: the supercharger network, and I wasn't sure whether to take
16:31
Speaker 8: that seriously or not. Later on, that's exactly what happened,
16:34
Speaker 8: and he knows that I appreciate that, all right.
16:37
Speaker 1: I'll just say with his position on EVS, there's still
16:40
Speaker 1: a lot to be determined whether that is true, all right,
16:42
Speaker 1: So one thing Buddha just can hang his hat on
16:45
Speaker 1: as he is enforcing the infrastructure or at least getting
16:48
Speaker 1: some of this in place. This coming in right there
16:50
Speaker 1: on private investments, public investments right there, So maybe that
16:55
Speaker 1: would be an advantage. I don't know if that is
16:58
Speaker 1: going to be simple enough as a recognizable voting block
17:04
Speaker 1: for Americans, maybe to the highly educated as to how
17:07
Speaker 1: this might play out. But I think for most other
17:09
Speaker 1: things he's done is getting into how blockchain could be
17:13
Speaker 1: used within a variety of applications. This was actually coming
17:15
Speaker 1: over from the Department of Transportation, and they hit on,
17:18
Speaker 1: you know, blockchain on almost every one of these areas,
17:22
Speaker 1: all right. So when you look at the competition, this
17:24
Speaker 1: of course is Toyota, Japanese company way ahead of US
17:28
Speaker 1: right now in terms of infrastructure, and they're already building
17:31
Speaker 1: kind of this mobility concept of automobile manufacturing. This is
17:36
Speaker 1: a big deal because it does affect one of the
17:38
Speaker 1: biggest industries out there in the United States. I want
17:41
Speaker 1: to go to this last clip to see if Buddha
17:46
Speaker 1: Jeedge thinks he's going to be the pick. Take a look.
17:49
Speaker 1: If she asked, are you saying you wouldn't say no?
17:55
Speaker 8: Sure, We're just not in that mode right now.
17:59
Speaker 1: Is that weird?
18:00
Speaker 8: No?
18:00
Speaker 1: I don't think you're going to hear the word no
18:02
Speaker 1: from any of the vote. Well, Gretchen Widmer said no.
18:06
Speaker 1: But that wasn't no, no, no at all. It was
18:08
Speaker 1: an audible swallow. That was an interesting reaction from Buddha Jedge.
18:15
Speaker 1: So maybe you know something. I don't know. We'll see
18:19
Speaker 1: one thing. Guys, though, do not let this guy make
18:22
Speaker 1: it in there. If you have any influence whatsoever and
18:25
Speaker 1: you're not that you do other than sentiment. I think
18:28
Speaker 1: this is the biggest thing right now. If Josh Shapiro
18:30
Speaker 1: makes in that at least that might be okay. But
18:33
Speaker 1: I think Buddha Jedge, Josh Shapiro. I'm still thinking that
18:36
Speaker 1: Shapiro could be the best bet. We'll see how it
18:38
Speaker 1: goes all playing out. Listen. If you're not part of
18:40
Speaker 1: the Diamond Circle, get in right now. It's a great
18:42
Speaker 1: place to do additional content. We drop a lot of
18:45
Speaker 1: content over there, including training videos, all sorts of additional analysis.
18:48
Speaker 1: And if you are not following me on X do that.
18:51
Speaker 1: It's Appaul Baron. We'll catch you next time right here
18:53
Speaker 1: on tech Path
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Speaker 8: M