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Crypto China Stimulus Incoming?🚨Mega Rally Saturday Possible?📈 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today could mark quite a big deal in terms of
• 0:09
  Speaker 1: crypto and all of this is going to be leaning
• 0:11
  Speaker 1: in on China. We'll break it all down for you
• 0:13
  Speaker 1: guys today. You don't want to miss it. My name
• 0:14
  Speaker 1: is Paul Bahre. Welcome back into tech Path. I want
• 0:16
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  Speaker 2: So check it out use arling down below. It does
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• 0:47
  Speaker 1: I want to get into a couple of topics today
• 0:49
  Speaker 1: and some of the things that are happening just in general.
• 0:51
  Speaker 1: We have the CPI data coming out tomorrow. Remember that
• 0:53
  Speaker 1: the SUI event is happening next week. The Avalanche event
• 0:58
  Speaker 1: is happening next next week, have the Permissionless event going
• 1:01
  Speaker 1: on right now.
• 1:02
  Speaker 2: Also you've got.
• 1:04
  Speaker 1: The John Deaton debate, and of course the Robin Hood
• 1:07
  Speaker 1: event also happening in Miami. So there is a lot
• 1:10
  Speaker 1: of things happening in crypto in general here in the US.
• 1:13
  Speaker 1: But guess what China is on the verge of doing
• 1:16
  Speaker 1: something I think that could shift the tides of where
• 1:19
  Speaker 1: crypto begins to go. I want to go over to
• 1:22
  Speaker 1: a couple of topics here just to kind of frame it,
• 1:24
  Speaker 1: because remember the global impact of the economy, especially around
• 1:30
  Speaker 1: some of the G seven I think, is still led
• 1:33
  Speaker 1: by the Federal Reserve, and of course part of that
• 1:35
  Speaker 1: is going to be the rate cutting scenario for the
• 1:38
  Speaker 1: Federal Reserve. So the Fed minutes are going to be
• 1:40
  Speaker 1: coming in here shortly, and of course we're going to
• 1:42
  Speaker 1: get I think a coordinated effort into both November and
• 1:46
  Speaker 1: December in terms of rate cuts, most likely at twenty
• 1:49
  Speaker 1: five basis points both for November December that potentially could
• 1:53
  Speaker 1: get us at a full basis one point rate cut
• 1:57
  Speaker 1: in this year. So all of that course could be
• 2:00
  Speaker 1: very positive for risk assets and of course the markets
• 2:04
  Speaker 1: in general. And just don't forget the jobs data has
• 2:06
  Speaker 1: been continuing to climb. We had a big over jobs
• 2:10
  Speaker 1: report that just came in, overforming jobs report. However, I
• 2:13
  Speaker 1: do think there will be a downward correction on that.
• 2:17
  Speaker 1: They've been doing downward corrections for quite some time. I
• 2:20
  Speaker 1: still think some of that is very political, but that's
• 2:23
  Speaker 1: for another video. I want to go over to a
• 2:25
  Speaker 1: couple of things happening right now. This was the jobs
• 2:28
  Speaker 1: data that I was referencing. September jobs reports showed the
• 2:31
  Speaker 1: economy created seven or eighty five thousand new jobs. So
• 2:34
  Speaker 1: if this is the case, if we are seeing a
• 2:36
  Speaker 1: little bit of lightening the load on the economy prior
• 2:40
  Speaker 1: to the election, along with everything else that we have going,
• 2:44
  Speaker 1: this could be the scenario that is brewing for the
• 2:47
  Speaker 1: perfect storm as we start to see China stepping into
• 2:51
  Speaker 1: the game. China, the Shanghank composite, of course, fall fell
• 2:55
  Speaker 1: about six percent. This, of course as the stimulus space
• 2:58
  Speaker 1: rally comes to an end. This is one of the
• 2:59
  Speaker 1: things that they're concerned with. And the issue is is
• 3:02
  Speaker 1: the stimulus that has come into the market. We saw
• 3:04
  Speaker 1: that big boom last week on the Chinese stock market
• 3:08
  Speaker 1: and a lot of activity. But I want to go
• 3:10
  Speaker 1: a little bit further. I want to play a clip
• 3:12
  Speaker 1: for you. This will explain it a little bit better.
• 3:13
  Speaker 1: Take a look.
• 3:14
  Speaker 3: You know, we talked yesterday about how everyone expected the
• 3:17
  Speaker 3: National Development and Reform Commission to announce some massive stimudus
• 3:21
  Speaker 3: package even though it's not their mandate, and there's big
• 3:24
  Speaker 3: disappointment in the market that this commission that doesn't denounce
• 3:27
  Speaker 3: stimulus had an announce stimulus. Well, the Finance Ministry now
• 3:30
  Speaker 3: has a briefing on Saturday, and they are the group
• 3:33
  Speaker 3: that is responsible for stimulus, so maybe we might get
• 3:35
  Speaker 3: something there. I think that overall, the more bullish backdrop
• 3:38
  Speaker 3: for China and Hong Kong absolutely remains compared to where
• 3:41
  Speaker 3: we were a month ago. Bulls have the stronger hands.
• 3:44
  Speaker 3: People who have heard the message from the Chinese government
• 3:46
  Speaker 3: that they're going to fix us. They will fix us.
• 3:48
  Speaker 3: They have many tools to fix this. They're the ones
• 3:50
  Speaker 3: who are in the stronger hands in the driving seat here.
• 3:52
  Speaker 2: All right.
• 3:53
  Speaker 1: So that what that means quickly is if China does
• 3:56
  Speaker 1: recoup their stimulus idea and how they're going to this out,
• 4:00
  Speaker 1: the Ministry of Finance is going to hold the pressure
• 4:03
  Speaker 1: on Saturday. This is October twelfth, so this this weekend,
• 4:05
  Speaker 1: and they're going to be talking about a lot of
• 4:06
  Speaker 1: new policies, so consumption rather than investment. They're also looking
• 4:10
  Speaker 1: for guidance on the fiscal deficit up to a four
• 4:12
  Speaker 1: percent GDP. They're looking at longer economic management, dividing, fighting inflation.
• 4:18
  Speaker 1: They also want to go into the debt burden that
• 4:20
  Speaker 1: they're dealing with. So there's a lot of positive things
• 4:24
  Speaker 1: that could be lining up for China. And not only that,
• 4:28
  Speaker 1: it's very possible we could see an unbanning of bitcoin
• 4:32
  Speaker 1: by end of year that I think would be the
• 4:35
  Speaker 1: maybe the holy grail in terms of crypto in general,
• 4:38
  Speaker 1: when you look at the Chinese impact on crypto in general.
• 4:40
  Speaker 2: I want to go to a couple more clips.
• 4:42
  Speaker 1: This is Tom Lee talking about the framework of what
• 4:45
  Speaker 1: this might mean not only the US economy, but the
• 4:47
  Speaker 1: global economy.
• 4:48
  Speaker 2: Take a look.
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  Speaker 4: Tom, let me start with you. It was in April
• 4:51
  Speaker 4: on this program that you said you thought the S
• 4:53
  Speaker 4: and P five hundred could close at fifty seven hundred,
• 4:56
  Speaker 4: maybe even higher. Well looky here, look where it is today.
• 5:00
  Speaker 4: So the maybe higher part is still a part of
• 5:03
  Speaker 4: your formula.
• 5:04
  Speaker 5: Yes, not only has the economy survived extremely high interest rates,
• 5:09
  Speaker 5: but the FED is beginning to cut rates, and an
• 5:13
  Speaker 5: economy that has sort of been languishing has been China,
• 5:16
  Speaker 5: and now we have some stimulus and what looks like
• 5:18
  Speaker 5: some bazooka policies that is supporting that region, and we
• 5:22
  Speaker 5: have a lot of cash on the sideline. So I
• 5:24
  Speaker 5: think that this is a formula for stocks to do
• 5:28
  Speaker 5: pretty well the next three to twelve months. And that's
• 5:31
  Speaker 5: why we we think that we would be well beyond
• 5:35
  Speaker 5: fifty seven hundred before your end.
• 5:37
  Speaker 1: Are you looking at the S and P five hundred
• 5:38
  Speaker 1: right here on my chart, it shows the all time
• 5:40
  Speaker 1: high at fifty seven eighty one as we're filming this
• 5:43
  Speaker 1: right now. And what Lee is talking about is the
• 5:46
  Speaker 1: amount of capital that we've talked about many times here
• 5:49
  Speaker 1: on the show, and that is this wall of liquidity
• 5:52
  Speaker 1: that potentially could be coming once that the timing is right.
• 5:56
  Speaker 1: Key things have to happen politically here in the US.
• 5:59
  Speaker 1: China of course, has to stabilize that looks like it
• 6:02
  Speaker 1: might be underway, and of course you've got to see
• 6:04
  Speaker 1: some economic easing here in the United States. The only
• 6:07
  Speaker 1: thing that could really throw a wrench into this is
• 6:09
  Speaker 1: going to be continued global conflict that might still be
• 6:12
  Speaker 1: a problem, even though it is a problem currently. But
• 6:14
  Speaker 1: I think these are the factors that Lee is getting to,
• 6:16
  Speaker 1: and I do agree with him. Twenty twenty five might
• 6:19
  Speaker 1: be the stimulus for both markets, both risk and also
• 6:23
  Speaker 1: what we'll see in the traditional finance markets as well
• 6:27
  Speaker 1: bitcoin of course, looking at capital reallocation. A couple of
• 6:30
  Speaker 1: points from this analyst right here I thought were interesting.
• 6:33
  Speaker 1: On October eighth, this was QCP Capital predicting a new
• 6:37
  Speaker 1: capital reallocation to crypto markets in a bulletin to their
• 6:41
  Speaker 1: Telegram channel subscribers, this of course being a Chinese base,
• 6:44
  Speaker 1: so this could be a big deal because if you're
• 6:47
  Speaker 1: looking at a large amount of a population that has
• 6:49
  Speaker 1: been very active in crypto got clamped down when bitcoin
• 6:52
  Speaker 1: mining was removed in twenty twenty one, which I still
• 6:55
  Speaker 1: think was the thing that thwarted that bull run, and
• 6:59
  Speaker 1: of course re entering that with a stimulus package, China
• 7:02
  Speaker 1: could be setting things up pretty interestingly here going forward.
• 7:05
  Speaker 1: I want to run over to this clip real quick,
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  Speaker 1: because this is the stimulus expectation.
• 7:08
  Speaker 5: Take a look, are you still expecting more fiscal measures
• 7:12
  Speaker 5: to come through then?
• 7:13
  Speaker 4: In the next few weeks from months.
• 7:14
  Speaker 6: The base case is still to follow true, right, I mean,
• 7:17
  Speaker 6: you look very bad if there was no follow true.
• 7:21
  Speaker 6: So everything is like, you know, the expectation has been
• 7:23
  Speaker 6: built in and if there's no follow true, it's not
• 7:26
  Speaker 6: just affecting global investors. I think the key here is
• 7:30
  Speaker 6: that the domestic investors are also in the market. Right now,
• 7:34
  Speaker 6: right people are opening account and they do not deliver.
• 7:38
  Speaker 6: The credibility issue might be back again, right because we
• 7:42
  Speaker 6: have many false downs? Can the government another one? Right
• 7:47
  Speaker 6: and it's still not delivering. I think there is a
• 7:49
  Speaker 6: lot of frustration if that happens again.
• 7:51
  Speaker 1: Yet, all right, So some key things he said there.
• 7:54
  Speaker 1: One is the government can't afford another one another downturn
• 7:59
  Speaker 1: in the Chinese To me, I'm wondering though.
• 8:02
  Speaker 2: I mean you could go, you know.
• 8:05
  Speaker 1: Devil's advocate here and look at is China setting something up?
• 8:08
  Speaker 1: Or is this truly them trying to get their economy
• 8:11
  Speaker 1: into the world stage again as one of the leading
• 8:15
  Speaker 1: GDP leaders when it comes to just the stimulus of
• 8:19
  Speaker 1: none only the growth in China, but also the investment appetite.
• 8:22
  Speaker 2: So I don't know, this is going to.
• 8:24
  Speaker 1: Be very interesting to watch very closely because I think
• 8:27
  Speaker 1: the factor that plays into this with China could lead
• 8:31
  Speaker 1: us into a very very active bull market for twenty
• 8:34
  Speaker 1: twenty five.
• 8:35
  Speaker 2: Look at that.
• 8:36
  Speaker 1: Speaking of that, look at the chart right here, S
• 8:38
  Speaker 1: and P five hundred versus bitcoin. This is US elections
• 8:42
  Speaker 1: back in twenty twelve. There's the twenty sixteen you can
• 8:45
  Speaker 1: kind of see right there US elections spike. US elections spike,
• 8:49
  Speaker 1: and then there's the twenty twenty elections spike into the
• 8:52
  Speaker 1: next year. Then we had, of course the all time high.
• 8:55
  Speaker 1: And here we are right now. This could look very
• 8:58
  Speaker 1: similar to that little zoom in right there to what's
• 9:02
  Speaker 1: happening right there if you can get to see it
• 9:06
  Speaker 1: right there on that side.
• 9:07
  Speaker 2: So could we be in for.
• 9:10
  Speaker 1: Unbelievable market correction going into maybe the biggest bull market ever.
• 9:17
  Speaker 2: This is what we're watching very closely. Banner says, yeah, maybe.
• 9:21
  Speaker 4: So.
• 9:21
  Speaker 1: China is expected to lift the ban on bitcoin by
• 9:23
  Speaker 1: the end of year, and if that does happen, it
• 9:25
  Speaker 1: is going to be unleashed the krack and will definitely
• 9:29
  Speaker 1: be flowing out there at the next level. Don't forget
• 9:33
  Speaker 1: Avax getting ready to have their event. But this was
• 9:36
  Speaker 1: kind of interesting because there's some things happening with me
• 9:40
  Speaker 1: Wei and this is something we've talked about in term.
• 9:42
  Speaker 1: Remember these are our decentralized social media platform forms. And
• 9:47
  Speaker 1: this was kind of interesting because this has got Ava Labs.
• 9:51
  Speaker 1: That's John Wu right there, president of am Ava Labs,
• 9:53
  Speaker 1: and guess who he's there with. This is the chairman
• 9:56
  Speaker 1: and CEO of me We remember me we tied into
• 9:59
  Speaker 1: Polka Dot.
• 10:00
  Speaker 2: What's going on here?
• 10:01
  Speaker 1: I don't know what is brewing here, but is there
• 10:03
  Speaker 1: something happening in Asia around social media that could be
• 10:08
  Speaker 1: lining up into blockchain? If we get a decentralized blockchain
• 10:11
  Speaker 1: social media platform that could go viral, you could see
• 10:14
  Speaker 1: something that could be very similar to what we've seen
• 10:18
  Speaker 1: in terms of growth, similar to TikTok, so be on
• 10:21
  Speaker 1: the lookout for this right now. Speaking of that, if
• 10:24
  Speaker 1: you look at the virality of this right here's Off
• 10:28
  Speaker 1: the Grid game, which of course is on Avalanche just
• 10:30
  Speaker 1: flipped the meme token moodang.
• 10:33
  Speaker 2: Everybody remembers the little hippo.
• 10:34
  Speaker 1: Right well, that just now got flipped by of course,
• 10:38
  Speaker 1: what's happening with Off the Grid.
• 10:39
  Speaker 2: We did a full video on that yesterday. Go back
• 10:41
  Speaker 2: and check it out.
• 10:42
  Speaker 1: If you've never heard off the grid, don't understand the
• 10:44
  Speaker 1: connection into what Avalanche is doing in the gaming ecosystem.
• 10:48
  Speaker 1: You need to get caught up on all of that.
• 10:50
  Speaker 1: And of course, if you're not plugged into the Diamond Circle,
• 10:53
  Speaker 1: make sure and do that as well. It's one of
• 10:55
  Speaker 1: the greatest places to get additional content. And by the way,
• 10:58
  Speaker 1: if we don't hopefully we're going to be live here
• 11:01
  Speaker 1: because we're in Florida as Hurricane Milton is heading into
• 11:06
  Speaker 1: Tampa and kind of see just the active screen right
• 11:09
  Speaker 1: there on Tampa.
• 11:11
  Speaker 2: We're over in the Miami.
• 11:12
  Speaker 1: Area, so hopefully we'll be spared a little bit, but
• 11:14
  Speaker 1: there are tornadoes already touching down and high winds, so
• 11:17
  Speaker 1: we're actually our studio is going to be shutting down
• 11:19
  Speaker 1: a little bit here, but we may be back tomorrow,
• 11:21
  Speaker 1: definitely on Friday. We'll keep a close eye on all
• 11:24
  Speaker 1: of this. Be on the lookout on my Twitter and
• 11:27
  Speaker 1: also on PBTV over on Twitter as well. We'll try
• 11:30
  Speaker 1: to keep caught up there, and as I said, follow
• 11:33
  Speaker 1: me out there on X at Paul Barren.
• 11:34
  Speaker 2: We'll catch you next time right here on tech Path