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Ethereum Takes Over!🚀Crypto Market Update · The Paul Barron Crypto Show

0:05
Speaker 1: Ethereum is taking over today. We'll break it down for
0:08
Speaker 1: you don't want to miss it. My name is Paul Barren.
0:09
Speaker 1: Welcome back into the show. Let's get into it. And
0:11
Speaker 1: part of this is going to be all center around
0:14
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Speaker 1: your first trade, get eligible, get that reward, try it out,
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Speaker 1: use the discount link we have down below. All right,
0:36
Speaker 1: let's get into a couple of points I want to
0:37
Speaker 1: hit on. Yesterday was a big day for what was
0:40
Speaker 1: going on with all these crypto bills during Crypto Week,
0:43
Speaker 1: and that is that two hundred and ten Dems and
0:46
Speaker 1: thirteen Republicans voted against advancing the Crypto Genius Act, the
0:50
Speaker 1: Clarity Act.
0:51
Speaker 2: And the CBDC Bill.
0:52
Speaker 1: All right, so don't you know, freak out on this
0:54
Speaker 1: if you're brand new to hearing this. This was basically
0:58
Speaker 1: trying to get it to the move of a vote. Now,
1:02
Speaker 1: with all that being said, mister Trump went into action
1:05
Speaker 1: and said, wait a minute, well, let's go in here
1:08
Speaker 1: and talk to a few people, and he says, now
1:10
Speaker 1: eleven representatives who voted against the pro crypto regulation have
1:13
Speaker 1: agreed to a vote and in favor of advancing the bills.
1:17
Speaker 2: That'll be a big deal.
1:18
Speaker 1: I put out a tweet yesterday basically saying the same
1:21
Speaker 1: thing is that just look at it. Potus is going
1:24
Speaker 1: to put on some pressure here. It'll happen.
1:27
Speaker 2: Now.
1:27
Speaker 1: Can he get some Democrats to come in on this
1:30
Speaker 1: as well, because that's going to be a key thing
1:32
Speaker 1: to make it through these advancement requirements to be able
1:36
Speaker 1: to vote on this bill. And I think this is
1:38
Speaker 1: something that as we start to watch all of this happen,
1:41
Speaker 1: there's some interesting timing that also plays into this.
1:44
Speaker 2: Let me play a clip, Carla.
1:46
Speaker 3: It was a very dramatic couple hours yesterday, as you remember,
1:49
Speaker 3: about a dozen Republicans blocked to vote to advance to
1:52
Speaker 3: voting on the crypto bills. But there was a late
1:54
Speaker 3: night meeting last night at the White House. Trump tweeted
1:57
Speaker 3: out that the members are now on board, and the
1:59
Speaker 3: House is preparing to move forward today. And so here's
2:02
Speaker 3: what we're going to see over the next two days.
2:04
Speaker 3: The House is set to pass three major bills that
2:07
Speaker 3: the crypto industry has been asking for. One deals with
2:10
Speaker 3: regulations on stable coins. That's the Genius Act we've been
2:13
Speaker 3: talking about. The other is a bill called Clarity. Now,
2:15
Speaker 3: that's a market structure bill, and it defines the market
2:18
Speaker 3: for digital assets when they're a security, when they're going
2:21
Speaker 3: to be a commodity. And then you've got a final
2:23
Speaker 3: bill that would ban the creation of a central bank
2:26
Speaker 3: digital currency a CBDC. Now a redo of yesterday's procedural
2:30
Speaker 3: vote to advance to all three that's coming up here
2:33
Speaker 3: a little afternoon. But what's important to remember is that
2:36
Speaker 3: while there are three different bills, they're on two different tracks.
2:40
Speaker 3: So that stable coin bill already passed the Senate, got
2:43
Speaker 3: a good bipartisan vote. We're expecting similar in the House.
2:47
Speaker 3: The House. At this point, it seems likely to pass
2:49
Speaker 3: it tomorrow. Either way. We expected to pass. We expected
2:52
Speaker 3: it could be signed into law before the end of
2:55
Speaker 3: the week.
2:56
Speaker 1: All right, So as you can see a lot of
2:57
Speaker 1: activity voting today tomorrow, all of this queuing up now,
3:01
Speaker 1: be aware that there are some strategic things that most
3:04
Speaker 1: likely is happening behind the scenes around trying to get
3:07
Speaker 1: a lot of these Democrats to jump into this, and
3:09
Speaker 1: I think this is something that we need to pay
3:11
Speaker 1: attention to, especially with eth where it is right now.
3:15
Speaker 1: CNBC went on and we're talking about this crypto bounce.
3:19
Speaker 1: Listen to what they had to say and then I'll comment.
3:21
Speaker 2: Take a look.
3:22
Speaker 4: Think with bitcoin, there was a little bit of space
3:24
Speaker 4: for a short term sentiment driven move, so you did
3:27
Speaker 4: see that a quick dip yesterday around two forty five,
3:31
Speaker 4: along with the other crypto assets when we got the
3:33
Speaker 4: news about the update from Washington. The sense that I'm
3:36
Speaker 4: getting from talking with both investors and analysts, Frank, is
3:40
Speaker 4: that the move was a little bit overblown, and you
3:42
Speaker 4: did see it come back up pretty quickly before the close.
3:46
Speaker 4: The sense I get is that this is a question
3:49
Speaker 4: of when and not if, so as Emily you did
3:52
Speaker 4: a really good job pointing out it would just be
3:53
Speaker 4: a little bit more complicated to combine all three of
3:56
Speaker 4: the bills. But there is this overwhelming, you know, confidence
4:00
Speaker 4: in the market. I think that they will get past no.
4:03
Speaker 1: Matter what all right, maybe this is all centering around
4:07
Speaker 1: and you remember the taco phrase for you know, Trumpo's
4:10
Speaker 1: chickens out. Maybe it's going to be a raco, which
4:14
Speaker 1: is the Republicans always chicken out and actually pass these
4:17
Speaker 1: things through. If you look at the chart on bitcoin, yeah,
4:19
Speaker 1: sure it recussed, regressed a little bit, but completely regained
4:23
Speaker 1: one hundred and nineteen k almost one twenty trading as
4:26
Speaker 1: of recording. And if you look at e that's the
4:28
Speaker 1: one that of course skyrocketed up the charts. Here, just
4:31
Speaker 1: on the signal that some of this could go through. Now,
4:35
Speaker 1: just be cautious on ethereum because as we start to
4:37
Speaker 1: see the Clarity Act, maybe have.
4:40
Speaker 2: Some not so calm waters. This will be a factor
4:44
Speaker 2: in it.
4:44
Speaker 3: Now.
4:44
Speaker 1: The question is is will people continue to go in
4:46
Speaker 1: on this because of what's happening on the institutional side.
4:49
Speaker 1: That's the one that I'm watching right now. Retail investors
4:52
Speaker 1: are also increasingly driving the market. Their share of single
4:56
Speaker 1: stock trading volume reached fourteen percent. This is pretty high
5:00
Speaker 1: if you look at all the history, this goes all
5:01
Speaker 1: the way back to twenty eighteen. It surpasses the twelve
5:04
Speaker 1: percent recorded during the stock market frenzy of twenty twenty
5:07
Speaker 1: one that was a big deal. So we are at
5:10
Speaker 1: an era right now of investors and if you look
5:13
Speaker 1: at the potential profits that will come out of the
5:16
Speaker 1: S and P and look for other assets risk market
5:19
Speaker 1: could play into this be on the lookout. If you
5:21
Speaker 1: look at just trends on Google right now, Bitcoin still
5:25
Speaker 1: considering up a little bit, XRP also up significantly, and
5:30
Speaker 1: then eth just now starting to come off the floor.
5:33
Speaker 2: So it is very early for.
5:35
Speaker 1: Ethereum in its run, maybe back to its all time high.
5:39
Speaker 2: We'll be looking all that.
5:40
Speaker 1: Fund managers also just added risk to the fastest pace
5:43
Speaker 1: in history. This I think is going to continue. This
5:45
Speaker 1: is the thing I am hearing from more and more
5:47
Speaker 1: fund managers, more money managers, more investment advisors out there
5:52
Speaker 1: of trying to figure out what is the best mixture
5:55
Speaker 1: of a portfolio when it comes to digital assets. And
5:57
Speaker 1: as things get going on both what's happened in DC,
6:01
Speaker 1: but more importantly, what is happening around retail and institutions. Man, guys,
6:05
Speaker 1: we are in for a very very interesting, maybe perfect storm.
6:09
Speaker 1: So watch how these markets start to respond to this.
6:13
Speaker 1: Another thing right here, Presidents Trump is testing to see
6:16
Speaker 1: how the market would react to firing Chair Pal. I
6:20
Speaker 1: don't know if this is going to happen. I think
6:22
Speaker 1: it's still a lot of posturing by the White House.
6:25
Speaker 1: You had the Vice President coming out continuing to put pressure.
6:29
Speaker 1: I mean, he's basically throwing out all of his generals
6:32
Speaker 1: and trying to get more pressure on it. But let's
6:34
Speaker 1: just be honest. There is a political motive here. I
6:37
Speaker 1: believe that's happening from the Fed. We cannot see a
6:40
Speaker 1: fifty basis points cut prior to an election and then
6:44
Speaker 1: see the kind of improvement that we've seen, not only
6:46
Speaker 1: the economy. Now remember too that the economy is driven
6:50
Speaker 1: off of regular Americans, not just the stock market reaching
6:53
Speaker 1: an all time high. I think we need businesses to
6:56
Speaker 1: get back to hiring, and we need people get back
6:59
Speaker 1: getting back to buying. We got car sales down, You've
7:02
Speaker 1: got issues with real estate right now. The FED rate
7:04
Speaker 1: will affect that more so than anything. So that's what
7:08
Speaker 1: we need to move forward. Now, will the Fed cut
7:13
Speaker 1: listen to this.
7:14
Speaker 5: We're somewhere in the third or beginning of the fourth
7:18
Speaker 5: quarter of this game. So far, inflation hasn't picked up
7:24
Speaker 5: because of tariffs in any material way. That's the good news.
7:29
Speaker 5: But we can't declare the game over yet, and that's
7:32
Speaker 5: why it's hesitation to say the all clear on inflation
7:36
Speaker 5: is we don't know yet where tariffs are going to settle,
7:40
Speaker 5: and we don't know yet what happens when inventories are
7:42
Speaker 5: totally one down and companies have to make really difficult
7:46
Speaker 5: decisions about price pass through or margin compression.
7:51
Speaker 1: Right, we don't know yet.
7:53
Speaker 2: But what we do know is that for the last
7:55
Speaker 2: few months it hasn't really materialized in a way that
7:58
Speaker 2: the FED was worried that it would. What are they
8:00
Speaker 2: waiting for?
8:02
Speaker 5: So what they are waiting for are two things. One
8:06
Speaker 5: is that one clearer evidence of weakening in the label market,
8:11
Speaker 5: and the second thing is I think they are hesitant
8:14
Speaker 5: to move given the amount of political pressure. I think
8:18
Speaker 5: they should be cutting this month, but I don't expect
8:21
Speaker 5: them to cut this month, all.
8:23
Speaker 1: Right, So there you heard it from Muhammad. They should
8:25
Speaker 1: be cutting this month, but not expecting.
8:27
Speaker 2: It in July.
8:29
Speaker 1: That is what I originally thought and felt like we
8:32
Speaker 1: would see, mainly because of the pressure that the market
8:35
Speaker 1: is putting on chair Pal and especially after a soft
8:39
Speaker 1: inflation report yesterday, when everybody, everybody was expecting skyrocketing inflation.
8:45
Speaker 2: It's just not happening. I think this is a big deal.
8:47
Speaker 1: I want to go to another clip here that kind
8:50
Speaker 1: of breaks out bitcoin. Are we at a top signal
8:53
Speaker 1: coming in?
8:53
Speaker 2: Take a look.
8:54
Speaker 3: I am a firm believer that it's going much much
8:57
Speaker 3: higher from here. You're looking at five hundred thousand dollars
9:02
Speaker 3: per bitcoin.
9:03
Speaker 4: And do I agree with everything Steve's mentioned?
9:05
Speaker 2: I mean, I mean, yeah, yes, a lot.
9:07
Speaker 1: Basically, yes, I'm staying long.
9:08
Speaker 2: I'm not looking to take any off the table.
9:10
Speaker 1: I think bitcoin itself maybe close to three ish, So
9:13
Speaker 1: bitcoin goes from one twenty to maybe three sixty four hundred,
9:16
Speaker 1: so I mean, seemingly it's playing out right before our eyes.
9:19
Speaker 2: It's like, I'm long coinbase.
9:20
Speaker 3: It's hard for me to justify the valuation.
9:22
Speaker 1: This would not be happening if the markets were not
9:24
Speaker 1: at all time highs.
9:25
Speaker 3: Let's be clear.
9:26
Speaker 1: Okay, with that point of that clip, a lot of
9:28
Speaker 1: these analysts now saying, oh, yeah, the market's just absolutely
9:31
Speaker 1: blowing up. And I think the key here, remember when
9:34
Speaker 1: you look at risk markets, and if you guys are
9:35
Speaker 1: watching our show, you're watching a crypto Finance Show and
9:40
Speaker 1: also the crypto tech And if you look at where
9:43
Speaker 1: we are right now, sixty eight slightly down, and again
9:45
Speaker 1: I think this is market that is lagging sentiment because
9:48
Speaker 1: it was up seventy just day before yesterday after the
9:50
Speaker 1: situation that was happening in DC. All of this was
9:53
Speaker 1: also prior to ETH breaking out over thirty two hundred,
9:56
Speaker 1: So there's a lot of things that are working right now.
9:59
Speaker 1: Key here, guys, is we are about to see maybe
10:02
Speaker 1: a run that could cause the all coin season to
10:06
Speaker 1: actually occur. ETH is now on something that they are
10:10
Speaker 1: framing as maybe a new theme for Wall Street, because
10:14
Speaker 1: Wall Street is all into these themes, and this is
10:16
Speaker 1: e THEOEUM hitting on what they call the trustwere era.
10:20
Speaker 1: This could push ETH up to as high as sixteen grand.
10:24
Speaker 1: A couple of points within this, ETH is evolved beyond
10:27
Speaker 1: a smart contract platform into a foundational layer for verifiable
10:31
Speaker 1: programmalled trust in the financial system. This is something that
10:35
Speaker 1: I think this was well played in the sense of
10:38
Speaker 1: how consensus is trying to push this out because it
10:40
Speaker 1: starts to put a new wrapper on ETH and the
10:43
Speaker 1: rapper is security and if one thing is more important
10:46
Speaker 1: to the financial system and Wall Street than anything, it
10:50
Speaker 1: is security, and I think that's something that we could
10:52
Speaker 1: be starting to see. Consensus calls this trustwear.
10:55
Speaker 2: I love the term.
10:57
Speaker 1: And if this is in fact the case, we will
10:59
Speaker 1: see some movement here on eth. If you look at
11:01
Speaker 1: the bull case on ethereum. We've talked about this before,
11:06
Speaker 1: is that maybe people are underestimating really what could happen
11:09
Speaker 1: with ethereum.
11:10
Speaker 2: And remember everybody, everybody's.
11:14
Speaker 1: Been sleeping on ethereum except for a handful of companies
11:17
Speaker 1: that are starting to understand what that is. Now that
11:20
Speaker 1: handful of companies, if I go over here and just
11:22
Speaker 1: rank them by what they're holding in the ETH reserve,
11:26
Speaker 1: strategic eth reserves, these are basically companies that are publicly
11:29
Speaker 1: traded that are putting ETH on their portfolio, and maybe
11:33
Speaker 1: they're integrating other tools that would be revenue generating like btcs.
11:37
Speaker 2: I'll talk about that in a second.
11:38
Speaker 1: Sharpling gaming though of course absolutely killing it right here,
11:41
Speaker 1: adding more ethereum going into the number one slot. And
11:45
Speaker 1: if you look at this via market nav right there,
11:49
Speaker 1: and I want to go in, let me zoom out
11:50
Speaker 1: on this for you guys, so you can kind of
11:52
Speaker 1: see ethereum foundation right there of Coinbase, etc. This is
11:55
Speaker 1: against their m NAV. If you go down and look
11:57
Speaker 1: at some of these companies, one of the one that
12:00
Speaker 1: we're watching is this one right here at one point
12:03
Speaker 1: two to one m NAV, and that's BTCS. We had
12:05
Speaker 1: the guy on the show not too long ago, and
12:08
Speaker 1: there's a lot go back and watch that episode with
12:10
Speaker 1: Charles because it was a reveal of what their strategy was.
12:14
Speaker 1: It just not about buying EATH. It's about building an
12:17
Speaker 1: ecosystem that is a revenue generator as well as holding
12:20
Speaker 1: and buying EATH. So a different kind of situation that
12:23
Speaker 1: is brewing right now around these companies. If you look
12:26
Speaker 1: at the charts real quickly, let me kind of jump
12:28
Speaker 1: into these real quick. Let's go to master there, of course,
12:31
Speaker 1: is micro strategy still continuing up the chart trading what
12:34
Speaker 1: looks to be at four point fifty right now, BM
12:37
Speaker 1: and R. This, of course is Tom Lee probably going
12:39
Speaker 1: to get a break with Peter Tiele putting some cash
12:42
Speaker 1: into this company. Then you've got Joseph Lubin's ESPET starting
12:45
Speaker 1: to break out right here, and then here's BTCS after
12:49
Speaker 1: a big bounce after validating their m NAV a little
12:52
Speaker 1: bit more effectively, and also the commitment to go out
12:55
Speaker 1: and get more Ethereum, so you can kind of see
12:58
Speaker 1: all this brewing in to something and s BET is
13:00
Speaker 1: doing a fantastic job of just trolling, which I think
13:03
Speaker 1: is the way to go because they're simply saying, hey,
13:07
Speaker 1: just in the forty million worth of eight shorts liquidated.
13:11
Speaker 1: We talked about this the other day, the shorts We're
13:13
Speaker 1: going to get toasted, and that in fact happened. I
13:17
Speaker 1: love that office explanation. Ethereum over three k. The breakout
13:21
Speaker 1: is in Root the best eth beta play. This was
13:23
Speaker 1: a poll that we put up just a little bit
13:24
Speaker 1: of go if you guys aren't following us on Twitter,
13:26
Speaker 1: go out there right now. It's Paul Baron TV. That's
13:29
Speaker 1: our Twitter account that the studio runs, and then me
13:31
Speaker 1: just at Paul Baron. But right now Treasury and these
13:35
Speaker 1: are Treasury companies. That's an example of BM and R
13:37
Speaker 1: and ASPET thirty one percent right now leading the pole,
13:41
Speaker 1: which is kind of interesting as a beta play for Ethereum.
13:44
Speaker 2: So if you are.
13:44
Speaker 1: Missing the eight play because it's over three k, now
13:47
Speaker 1: and it is probably going to race up to around
13:49
Speaker 1: thirty four hundred before we get a pullback.
13:51
Speaker 2: Is there some other options out here? Guys?
13:54
Speaker 1: Let me know in the comments about how you're playing
13:56
Speaker 1: this ETH run. Another thing that's happening right now is
14:00
Speaker 1: Coinbase starting to get a little bit of fomo after
14:02
Speaker 1: robin Hood's successful cans announcements. But right now the doors
14:06
Speaker 1: are closed. But tomorrow everything changes. This of course is
14:09
Speaker 1: going to be Base, and it's going to be a
14:11
Speaker 1: lot of announcements coming out of Coinbase, and I think
14:13
Speaker 1: we are going to see some pretty big deals happening
14:16
Speaker 1: on this announcement. I question whether or not it will
14:20
Speaker 1: have perfect timing with these bills and everything kind of
14:23
Speaker 1: sucking up a lot of the wind in terms of
14:26
Speaker 1: the press right now, so hopefully it does for Coinbase
14:30
Speaker 1: to go forward. Another thing, PayPal's pyusd now live on Arbitram.
14:34
Speaker 1: We talked about arbitram before, another great beta play on ETH.
14:38
Speaker 1: Remember Arbitram is going to be the platform that Robinhood
14:41
Speaker 1: is using for tokenizing stocks. You kind of get the
14:43
Speaker 1: picture of this is coming and we're going to see
14:45
Speaker 1: more of this. It is becoming the go to platform
14:48
Speaker 1: for stable coin expansion. Watch that statement right there, because
14:53
Speaker 1: that could be big for Arbitram last up. Of course,
14:58
Speaker 1: black Hole is out there launching now and they're getting
15:01
Speaker 1: into a lot more integration, and of course we're going
15:04
Speaker 1: to try to get Elio on the show here pretty soon.
15:06
Speaker 1: But black Hole obviously going to be a dex within
15:09
Speaker 1: the Avalanche ecosystem, could move Avalanche finally off the floor.
15:13
Speaker 1: Avalanche starting to move off the floor a little bit off.
15:16
Speaker 1: It's low right here, and that right now holding at
15:20
Speaker 1: a pretty good position at about thirty five percent up,
15:23
Speaker 1: trading at around twenty two dollars, so pretty good for Avalanche.
15:26
Speaker 1: But right now everything seems to be pumping when you
15:29
Speaker 1: look at the charts, especially behind the narrative of what
15:32
Speaker 1: eth is doing. The other thing that, of course we
15:35
Speaker 1: did and talked about yesterday with Joe with the guys
15:38
Speaker 1: over Joe McCann.
15:40
Speaker 2: This was kind of interesting. We were kind of playing
15:41
Speaker 2: with this headline there.
15:42
Speaker 1: But the point was is there was some potential meme
15:46
Speaker 1: potential here for BONC. It's just as simple as they say.
15:51
Speaker 1: And of course if you look at the box chart
15:52
Speaker 1: right there an absolute explosion yesterday. So if you're not
15:56
Speaker 1: part of the diamond circle, guys, this is where you
15:58
Speaker 1: get the alpha that will help you understand where this
16:01
Speaker 1: market is going because our interviews. Guys, I'm telling you
16:04
Speaker 1: these people understand the narrative, they understand the tech, they
16:08
Speaker 1: understand the market sentiment. This is all going to help
16:11
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16:13
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16:18
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