Latest / The Paul Barron Crypto Show / Elizabeth Warren Orders Powell To Cut Rates + Crypto Market Update

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Elizabeth Warren Orders Powell To Cut Rates + Crypto Market Update · The Paul Barron Crypto Show

0:08
Welcome into the live stream. Today. We're gonna be breaking down Elizabeth Warren's
0:11
letter over to chair Pal and his end there plea, I think to take
0:17
a look at a rate cut. We'll break it down, give you guys
0:19
a little bit insights as to why the market is in the shape it's in
0:22
right now, which is a little bit of a struggle on bitcoin. My
0:25
name is Paul Berre. Welcome back in the tech path. All right,
0:27
A couple of things we'll go to today. We'll cover bitcoin, get into
0:32
a handful of tokens, a little bit on eth. Also have a couple
0:35
of clips for you as well. We're also going to be announcing a big
0:38
air drop we're doing here on the Diamond Circle today, so stick around for
0:41
that. I do want to thank our sponsor, and that is I Trust
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one of the top iras out there for crypto. Let's get into our first
1:18
clip today, and the first clip is going to give you an outline of
1:22
what could happen tomorrow at the FOMC. Take a look, all right,
1:26
the FED is set to kick off it's two day policy meeting today and the
1:30
markets are also anticipating that big CPI inflation report that we're going to get this
1:34
week. You are still of the expectation that we could potentially get two cuts
1:38
this year, right, I think we're in I would say we're in the
1:41
slim slim majority. From Steve's report, we're looking for one cut in September
1:46
and then another one in December. So titus is a term most part within
1:53
economists. So we've been in a period for a while with inflation data sort
1:59
of going sideways and therefore somewhat ambiguous, and I actually think he's going three.
2:06
I believe that, Yes, in the months of October, November,
2:08
December and really what everybody is going to be looking at is the messaging that's
2:14
coming out and the summary of economic projections. Remaining patient and continuing to look
2:20
for validation that the truth path is disinflation. Apple actually down two percent and
2:27
video three quarters of one percent following the split we hit records. Can tech
2:30
keep us going that as long as the CPI remains kind of at where it's
2:36
been about three point four percent, that should be enough to keep the momentum
2:40
in the market going. So welst you say restrictive. I want the monetary
2:47
policy of the US to enable growth. And what are you telling investors to
2:53
do at this point? So we think you should be fully invested. But
2:55
at the same time we should be careful as we lead to the fall,
3:00
as we lead to more geopolitical risk, and as we lead into the election
3:02
in November. So this is likely to be unbalanced to sort of boring meeting
3:08
boring, except for there are so many other things that are happening all right,
3:14
So as you can see there, it is all over the place in
3:15
terms of the anticipation for tomorrow. Maybe that means though that the markets are
3:20
heating up in terms of what a cut could come into play. Still a
3:23
lot of people kind of pointing to that. A couple of other things that
3:27
are happening of course tomorrow, which by the way, we will be airing
3:30
that as a live stream, so make sure and if you're not subscribed to
3:35
the channel, do that right now. Just take a little time. Hit
3:37
that bell. You'll get a notification when we do that live stream tomorrow.
3:40
I think we're going to probably come on around two o'clock two fifteen and will
3:45
live stream through chair palels addressed to the press Corps, which usually where we
3:49
get a little bit of feedback from him and what we can kind of read
3:53
within the tea leaves of his attitude toward whether it's cuts what we could see
4:00
as a possible rate. Who knows what's going to happen on this, but
4:02
it's a big day. Also, the CPI releases same day, so the
4:06
lad to come out in the morning. Expectations right now in the CPI are
4:10
three point four, so same as around the April print. If that comes
4:15
in hotter, this could get nasty. So we'll take a look at all
4:18
that for you guys tomorrow. We're gonna break it down for sure. A
4:23
couple of other things to compare though, is here's a list of the countries
4:27
and the central banks that have already cut just recently but have pretty much cut
4:30
so US swistwer in Brazil. You can kind of see it if you're listening
4:33
to the podcast. There's Chile, Columbia, Mexico, Check Republic, Hungary,
4:38
quite a few, and then Europe, which is the big one.
4:41
When you get the ECB starting to cut, that starts to really align with
4:46
the what I think will be an overall position. Can the United States hold
4:50
this position right now? There's a lot of pressure on the Fed right now
4:56
to get this two percent under control. I think we've got a political landscape
5:00
scenario playing out as well as a macro landscape which is in some cases a
5:06
little bit dangerous. Here's one headline right here. US Democratic senators sent a
5:12
letter. This, of course, was the headline today. This is talking
5:15
about a letter to Jerome Powell. And guess who it was. It was
5:18
Senator Elizabeth Warren, Jackie Rosen, and John Hicckelooper all coming in and saying,
5:24
hey, we write today to have an urge the Fed to lower the
5:28
federal funds rate from a two decade high a five point five prolonged period of
5:31
high interest rates already slowed down the economy failed to address the remaining key drivers
5:35
of inflation. Letter comes as financial markets, reacting surprisingly resilient labor market have
5:41
moved expectations for an interest rate cut to September, previously anticipated for July.
5:46
Remember when we were talking back at the beginning of the year and everybody was
5:48
looking at multi cuts, and of course that was backtracked quite a bit in
5:53
January and febru when we saw a little bit more bullish or bearish positioning by
5:58
the Fed. And now we're kind of in that situation right now. I
6:01
think a lot of people are looking at Q four ECB, Bank of Canada,
6:06
both those G seven's recently cut interest rates, departing from the Fed's current
6:11
stance and maintaining higher interest Remember, there's a lot of these things. When
6:15
you look at some of the macro from a geopolitical standpoint, that is in
6:20
disarray. Of many of these countries are in turmoil. They're in a position
6:25
right now, not that we aren't, but when you look at some of
6:28
these countries where they do have severe pressure on jobs, they have severe pressure
6:31
on rising inflation, that they're trying to kind of bring down, but at
6:35
the same time trying to inject potential, you know, economic structure into the
6:43
economy itself. So there's a lot of problems I think that play into this.
6:46
Fed's kind of setting in a good spot right now when you think about
6:50
it versus everybody else, you want to be the last one to play that
6:54
hand. I think that's what Pale is doing. So high interest rates are
6:57
taking their toll. This is on corporation, and this is where it gets
7:00
a little bit dicey. January two hundred and sixty four companies repeated a default
7:05
for at least their second time. Thirty five percent of corporate defaults in twenty
7:09
twenty three will repeat default. These are basically companies that can't make their payments,
7:14
usually to their open line of credit or to major credit positions that they
7:18
have for everything from fixers and systems and operational costs, all those kind of
7:25
things. So that's a big problem here. As interest rates remain higher for
7:29
longer, corporate default rate is now rising, and this gets to be problematic
7:34
because it's not something that will retain jobs. And that's the other factor that
7:39
plays into this going forward. As we see more job data start to work
7:43
its way through the summer. The other thing that kind of exacerbates the whole
7:46
situation is what's happening with bricks Here, of course was the headline bricks makes
7:50
a major dedollarization announcement and what was it. Well, what they're trying to
7:56
do is essentially drop in a new payments system, and it has been confirmed
8:01
that they are building one, so it's going to become a competitor for the
8:05
current Global Reserve US dollar. A couple of points within this that they kind
8:09
of hit on was that not only are they looking at the new payment system,
8:13
they're also seeing a large amount of new emerging countries starting to apply to
8:18
be part of the bricks. So remember, all it takes is a little
8:22
thing before you know, it's very slow, and then all at once.
8:26
Those are the things you kind of have to watch for around desolarization, especially
8:28
in the GDPs as we start to grow, because some of these countries are
8:33
significant in size. The other thing you have to look at is where is
8:37
bitcoin right now? Because everybody's been saying, well, you know, the
8:41
big factor here is the amount of inflow into the ETFs should be driving the
8:46
price of bitcoin, you would think, right, a couple of points to
8:50
that. We'll talk about sentiment here in a second. I'll show you a
8:52
chart. But bitcoin price risks around a sixty k dive as bitcoin bid liquidity
8:58
thins on a new three percent dip. That's where we are right now,
9:01
and we're trading at an under sixty eight. This morning during the Asia trading
9:07
session, there was a little bit of further bitcoin price losses looked at here.
9:11
Overall, there's a couple of points and there are some key points that
9:15
I'm looking at in terms of where we might see an adjustment, but it
9:20
is meeting a little bit of a heavy bid support. We have some laddered
9:24
in bid support here, but not a heavy, heavy concentration of it.
9:26
It's really not even heavy down to sixty if it can be complete, if
9:31
he can be completely honest as being one of the traders that are out there
9:35
watching this, So I'd love to get your feedback, and you know when
9:39
you look at bitcoin in's position right now, because this does affect all coins
9:41
and it's going to have an effect to a certain extent, maybe even some
9:45
of the stock positions which we're continuing to see because Remember money moves from one
9:50
win to another to try to be able to ladder in on potential gains,
9:56
and that typically happens from the SMP five hundred as start coming. Remember we've
10:01
hit all time highs I think twenty six times this year. So could we
10:05
continue to see that kind of move This particular trader says, move is and
10:11
over. In fact, I think these killer whale games will continue through Jpal's
10:15
comments on Wednesday and the economic reports on Thursday, because there's some key economic
10:20
reports coming in on Thursdays. All of this playing out very cautious, I
10:26
think right now in terms of trade, unless you're doing you know, short
10:30
term trades, whether you're shorting something or longing something. Not that we give
10:33
financial advice, but I'm in a position where you look at the macro pressure
10:37
quite a bit. Here another tweet right here, This was Powell's press conference.
10:43
They've been pretty good for the market, you know, recently if you
10:46
look at some of the ones in the past past four fomcs, I'm kind
10:50
of zooming on a little bit. Have all coincided with local bottoms. Remember
10:54
that's where we are right now. So around a twenty percent rally for bitcoin
10:58
so with the next presser taking this of course has gone out really on Wednesday
11:01
Thursday, we could see a bounce closer to what most people think, which
11:05
could mean we could see a jump up to a round eighty is kind of
11:09
what they're zooming in on that zone right here around that nineteen percent gain.
11:15
If that takes us up to eighty, that would be clear sailing for bitcoin
11:20
because we are definitely in open water at that time, which is price discovery
11:24
time. If you look at some of the traction right now, a sentiment
11:28
still trending down, looks like we could see I'm calling for around sixty four
11:33
as a potential target before we see a lift. That, of course,
11:37
I think still depends on whether or not we get huge impacts from FOMC tomorrow
11:43
and whether that is what I'm watching for, is this if we get a
11:48
little bit of softness with the Fed in the sense to where they even allude
11:54
to a rate cut, because remember their position has been no rate cuts,
11:58
holding we're in position we think we've got it under control. They're talking about
12:03
inflation. But if we allude to a ray cut, that's probably as good
12:07
as a ray cut, because that means there will get some priced in market
12:11
movement into the fall, and then if we actually get the ray cut,
12:16
I think that's when you have to start watching the markets at that time in
12:18
a very quick way. One thing to be aware, guys, we're doing
12:22
an air drop summer. We've got a whole program out there for all of
12:26
our Diamond Circle members. If you are in our email list, you're going
12:28
to get an update on this. But the way it works, just go
12:31
over and visit to our website pulbaronnetwork dot com. We're dropping right now.
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The bounty is up to around twenty five thousand dollars in token rewards. These
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will all be dropped into different tiers. We have our Founder tier, our
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Hoddle tier, and our Diamond Circle tier, which is our free tier.
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So you guys can participate in it and check it out. If you're a
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member of one of our services, now you're already part of this. All
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you have to do is plug in your wallets go check that out. You
12:58
guys can learn NOTT there. All right. I want to go to a
13:00
couple of clips here by Anthony Scaramucci, and the first one is going to
13:05
get on the political standpoint, because this will get into procrypto anti crypto candidates.
13:13
Take a look. In quick summary, I'm for Biden because I dislike
13:16
Trump. I don't want Trump to degrade the system or lead us into chaos
13:22
as a country. I disagree with Biden on a lot of things. Right
13:26
now, if you're a single issue voter, you're voting for Donald Trump.
13:30
He is broke crypto. The administration is anti crypto. However, you and
13:35
I noticed in the middle of May it looked like the ETF for ethereum was
13:41
going nowhere, and then miraculously they made a decision to approve those ETF.
13:48
Okay, now, he said he was going to veto that bill, and
13:50
so I think he was forced into it. But if you see a c
13:54
change in Joe Biden, and again we just saw CJ. Politicians are capricious.
13:58
We know this weather veans. Trump is now spinning towards crypto. If
14:03
Biden spins towards crypto, the industry is one, all right. And what
14:11
Scaramuchi is talking about there, this is ironic that this is happening at this
14:15
time because we have a political tracker on just general sentiment. And here are
14:20
the three candidates, Trump, Biden, Kennedy and if you look at Biden,
14:24
he has actually started to accelerate on sentiment for pro crypto voters. Trump
14:31
is kind of flatlined up here at the top. Sure he is leading the
14:33
way, and Kennedy has declined slightly. So Biden very interesting that scary Mucci
14:39
said that because of the ETHTF. Was there something that maybe reposition crypto voters
14:46
if you're a single issue voter that are maybe leaning into too Biden right now.
14:50
I don't know, but the fact that we have Biden moving up now
14:54
in the polls in terms of sentiment around crypto topics and crypto positions, that's
15:00
a big deal. I want to go to this next clip. This next
15:03
one will get in on his thoughts on the ETHTF because this is a big
15:07
deal in terms of the timing. Take a look. You know who that's
15:09
the money. The baby womers have the money. And what are the baby
15:13
boomers like? Well, they like ETFs, they like q sip numbers.
15:16
Baby boomers don't want to be bothered with a low Coinbase. Give me a
15:20
wallet. I'd like to buy bitcoin from you and put it in my wallet
15:24
on coin Base. They like the fact that they can put bitcoin now on
15:28
their brokerage statement using the q SIP of black Rock or Fidelity, or you
15:31
pick the brand, and so I think it's usually positive for Ethereum. Well
15:37
full disclosure. I own Salana, I own Ethereum, I own Avalanche,
15:43
I own Pyr, the vulcan forge or the gaming token. Obviously I own
15:48
a position in Algorm, but I would say, as it relates to Ethereum,
15:52
it's a blockbuster seismic thing for Ethereum. So Ethereum again used the same
16:00
logic. There's a wall streeter that's going to call you and say you need
16:03
a two percent allocation in bitcoin, a one percent allocation in ethereum. It
16:07
may switch you need a two percent allocation ethereum a one percent allocation in bitcoin,
16:12
and you've now made these things very ascessible. Those are my top ones.
16:17
I bought into a smaller one called Parcel, and so the Similars par
16:22
cl it's a Salona base layer two. But it is a token, and
16:29
they are a real world asset token, and they are basically giving you the
16:33
opportunity to go long or short macro real estate markets. You know, we've
16:40
looked at the real estate markets. There's a couple of points I want to
16:42
kind of analyze there was Karamochi was talking about first is the expectation of gains
16:51
by boomers, And what he's talking about is these safe zones such as ETFs.
16:56
Now, granted, the Bitcoin ETF is somewhat of a slam I'm dunk
17:00
for a boomer because they don't they don't have to think about it. It's
17:03
just you know you're going to bigcoin, goes up, you make money.
17:07
But when you get into ethereum, there are some alternatives there because of the
17:10
potential for rewards. As we all know. When you look at the comparison
17:17
of rewards in the eth ecosystem versus in an ETF, which you know those
17:21
are not going to be paid. Think of that like a dividend. So
17:23
the question will be this is will boomers care about that other than just exposure?
17:30
Because I think the key here is it's kind of is the juice worth
17:33
the squeeze scenario for boomers? Do they really want to go to it?
17:37
I think scary MUNCHI hit it is. Do they really want to go launch
17:40
coin, basic account, get a wallet, you know, do all those
17:42
kind of things versus just going into some branded ETF that they can get exposure
17:48
on. I think that's what you're weighing out. I don't know that we're
17:52
going to see now. There will be some people on the fence, Don't
17:53
get me wrong. There's a lot of people that would be a little bit
17:56
younger and maybe even some gen X and Boom that are a little bit more
18:00
aggressive, that would fully go into ETHER and go out there and stake it,
18:04
get those rewards and do those kind of things because it's fully available to
18:08
them, and this is the same kind of exposure. It's a really interesting
18:11
topic right now. ETH presents a unique position. We're going to find out
18:15
soon enough. I think all of this is happening. So if their EMTF
18:18
issues still waiting for SEC comments on their S one filings, this is kind
18:22
of a slow walk too. Right now you've got the SEC holding down.
18:26
Remember the filings were submitted on May thirty, first expected that week, and
18:32
then the S one forms requiring detailed business and security information. This is kind
18:34
of that final step are the second step for the nineteen B fours approvals,
18:41
which is on May twenty three. That was when that all occurred. So
18:45
you think about that and then look at these things we're expecting comments to be
18:48
sent back from the regulator June seventh. That happened this week, so after
18:52
conversation with the regular at least two have not received comments back, So that
18:56
could be the just a slow response. But still the ETF fishers are seemingly
19:00
optimistic. So once we're saying that the S one is likely to have two
19:04
more rounds of draft filings before they will be finally approved, so we still
19:08
got a little bit of movement. Could this happen by end of June?
19:11
That probably could be the target here. It'll be interesting to see where ETH
19:17
is at that time. Let's go over to the chart. I want to
19:19
just kind of see where ETH is right now. Yeah, by end of
19:23
June, you know, if you start to push that out, it could
19:26
start recovering. I mean, we're still in our sentiment zone down even though
19:30
it's about thirty four hundred, is where we think we think it's going to
19:33
go a lot of things happening right now, that's for sure, all right.
19:37
Justin Also, remember ICBC says Ethereum is providing technical power for the digital
19:45
future, and it's digital oil. There's a lot of mainstream finance now that
19:49
is looking at ethereum in a different way. And I think you'll see more
19:53
of this starting to pile up and we'll get you know, because remember a
19:57
lot of these investors are fairly sophisticated. There are ones that are lazy,
20:00
and yes they go the easy round. There's gonna be some of these that
20:03
are fairly sophisticated that start to really leverage into these systems, and those are
20:08
the ones we've got to watch very closely. Other things to kind of watch
20:12
here is Mika could also propel some some potentials around stable coins. So these
20:18
are eurobackstable coins in the Eurozone that they're talking about so Binthe. They're talking
20:22
about so Binthe. They're talking about so Binthe. They're talking about so Binthe.
20:26
They're talking about so Binthe, they're talking about so Byteria. So that's
20:30
a big deal. The uptick indicates a growing demand within European market. Is
20:34
notably the combined weekly volume of prominent eurostable coins, so that's Tether's remember EU
20:42
r T. And then you also look at this right here, usd at
20:47
backstable coins remain, that backstable coins remain, that that backstable coins remain,
20:51
that backstable coins remain a backstable coins remain a backstable coins remain that. Backstable
20:56
coins remain that backstable coins remain that back stable coins, but significant in terms
21:02
of a rise from almost nothing in twenty twenty, so still very positive.
21:07
What this does mean is it probably is going to position this right here at
21:11
USDT is going to remain a bit of a virtual asset pin to be watching
21:17
for European traders, so that could be pretty good. Make sure and drop
21:19
some comments over. Make sure and drop some comments over. Make sure and
21:22
drop some comments over. Make sure and drop some comments over. Make sure
21:25
and drop some comments over. Make sure and drop some comments over. Make
21:27
sure and drop some comments over. Go to the topics for XRP because their
21:32
big event is happening right now, and Ripple is really kind of looking at
21:37
this whole idea around custody acquisition. They've got a new senior VP coming in
21:44
on stable coins. That's a big sign for Ripple. I think in general,
21:48
a couple of points that on a highlight right here, the acquisition received
21:52
necessary regulatory approves is now complete, so that's in. Also, the closing
21:56
of this acquisition adds limited purpose trust company regulated by guess who. These guys
22:03
are actually I think in reality, as long as you're in compliance, they
22:07
have no problem going. But anyway, this is getting into the New York
22:11
Department of Financial Services. Further into this, it's going to allow for better
22:15
institutional capital or customer service to tokenize store move and exchange value simply meaning XRP
22:23
Ripple is going to have a USD backstable coin and it's going to have some
22:29
potential here for growing pretty quickly. A lot of things happening with XRP,
22:33
even though root was down heavily today, like most of the targets for sure,
22:41
XRP gains one hundred thousand holders in June. What does that mean.
22:45
That's a lot of new wallet holders, you know when you look at it,
22:48
and I think in general for XRP, there's a lot of potential here
22:55
the stable coin component. I think their entry into gaming and their entry into
23:00
what may end up being a very unique web three play. If you haven't
23:06
seen our future Verse video, go back and watch that. Because we had
23:07
Aaron goganellon. It was a very interesting conversation around this topic because there were
23:12
some things that he said that I think if you read between the lines,
23:15
you kind of get what's happening. Oh yeah, what do we have left?
23:21
One more thing? Oh guess what. Tucker now pro crypto and he
23:26
wants bitcoins. So he's selecting Swan as the lead sponsor of a national tour
23:33
around bitcoins. So that's intriguing because whether you like Tucker or not, this
23:41
is going to open it up to a lot of people that watch Tucker Carlson,
23:45
and this might be the thing that starts to move it because this is
23:49
one of the few people in terms of influencers that are out there, especially
23:53
on the political front, and when you think about his kind of his genre
23:59
of freedom, you know, especially the way that I mean because he's had
24:03
some crazy interviews, but including Vladimir Putin. But the point is is that
24:07
if he starts to break through that you may see a pretty significant uptick in
24:12
bitcoin. I hope he gets some self custody in there as opposed to in
24:18
there as opposed to in there as a post, in there as a post,
24:22
in there as a post, in there as a post, in there
24:26
as a post, in there as a post in there as a post in
24:30
there as a post. Right here before we go to sixty, I'm in
24:36
agreement with you on that, because right now my target is still around that
24:40
sixty four zone if we see that dip, but the highest position could be
24:45
around sixty nine. So that's kind of right in my zone right now.
24:49
Of looking at some of our MSI data for going forward, let's take a
24:53
look at us some questions Daddy chill. Yeah, well, you're gonna have
24:59
a lot of people asking that very question, I think when they're watching Tucker
25:04
Carlson Crypto Carlson, that's what I'm calling Crypto Carlson, sol Next ETF.
25:11
Don't rule out XRP, but Solana, Yes, there has been rumors.
25:18
Yes, Solana has been rumored to potentially being looked at Apple using XRP to
25:25
tap to pay. Don't get me on Apple that tap to pay. Really,
25:30
you guys are much better than that. Do you think all coin season
25:33
will come during the summer or perhaps winter? I think it's a little later
25:37
really on this cycle. I think it all depends on how the macroeconomic pushes
25:42
into the traditional SMP because that's where the adjustment starts to play into it.
25:48
If you're not part of our diamond circle, guys, you got to get
25:49
in on that because that's literally, that's where I'll go out and drop in
25:53
additional analysis and I only put it in our diamond circle. So Corey Clipstein,
26:00
oh, I'm not going to say that. Thank you for that.
26:03
People. We don't like to put any bad words to any bad just you
26:10
know, let's play fair. Ticker is ticker? Yeah, what is going
26:15
on with the crypto pit today? What is this you guys are sitting to
26:19
me? Is interesting questions. I'm going to start picking different ones. I
26:25
think if Trump wins in November, expect a ten thousand dollars bitcoin candle.
26:32
That could be for sure. I think the situation in terms of the political
26:37
landscape will be huge, and yes, crypto will win if Trump wins the
26:41
way it's looking though, if Biden continues to maybe perch up and he comes
26:48
to remember he started to reposition a lot now and he's repositioning on immigration a
26:55
bit, he's repositioning on some pretty big points. If he repositions on blockchain,
27:02
watch that one. We'll see Scaramuccin and O'Leary will get you wrecked.
27:06
Six ways to say. I'm not saying that about scaramuci because we want him
27:10
to come on the show and we want to do an interview with him.
27:12
Fifty k bitcoin means three hundred billion of outflows, that would be unrealistic.
27:18
I would agree with that, super chat. Hey, thanks a lot man.
27:21
Warren is desperate for raycuts. She loses control of the Biden admin in
27:23
November. I don't know the I mean ray cut would be beneficial to the
27:29
Biden camp. There is no doubt that is probably the bigger, you know,
27:33
scenario that's behind this. Some people might say, well, it's tech,
27:36
you know, we'll probably see adjustments, or they know that the end
27:40
is near on the S and P five hundred run that we've seen and we
27:42
need that last little hurrah, and a ray cut would do that for sure.
27:48
X Ober says as low as forty eight k. X Ober, I
27:55
would love to hear your analysis on a forty eight thousand dollars bitcoin. That
27:57
would be a significant drop. What would that drop us down to? Let
28:02
me gonna zip them. Can't we even zip that down? Let me pull
28:06
in a little bit here and see what that would be from where it is
28:08
right now, coming in on that trade. What would that drop me down
28:14
to? Forty eight ko almost a thirty percent drop? You must have something
28:18
that I'm not watching that's for sure. Ripple final judgment since send the market
28:22
in the coming months, especially if Bitcoin has already started moving back up,
28:27
could be. I think Ripple is one of those that is just coiling up
28:30
for some potential growth. Nobody crosses Senator Warren. What do you mean by
28:33
that, Joe Nobody crosses Center Warren. I'm not sure what he means by
28:38
that. I'm confused. Why is Elizabeth Warren is asking for cuts? Well,
28:44
I think it's a political This is a political card. If she gets
28:48
a cut, or if she potentially shows that she's asking for cuts. Remember,
28:52
she still has to win a race. She's competing against John Deaton,
28:56
you know, for the senator position there in her district, So that could
29:02
still be the case. Remember, a lot of businesses are facing some pretty
29:04
tough times right now, right cuts would help those businesses. Many banks don't
29:08
necessarily like this or paying out you know, large amounts, And I think
29:12
when you look at the economic position overall of the country, you know it's
29:18
not necessarily great for the Biden administration, so you need that as well.
29:21
So Big one Crypto gaming about to blow up, but win. I think
29:25
gaming is still the winning horse here going into this final layer of bull run.
29:32
We are not there yet, but there are going to be some interesting
29:36
releases. And I think we've we've dropped a lot of videos here recently over
29:40
the last couple of weeks on moves by Meta by Microsoft. Watch those very
29:45
closely because there are some very unique things happening there that could really transition Web
29:51
two to Web three very quickly. So, but what do you think happens
29:53
with GM in the coming week. This is such a weird thing. One
29:59
day they're going to be studying this. The meme side of investing is is
30:06
fanatical. I mean, when you look at the amount of people that watched
30:10
the gill Stream rowing kitty, six hundred thousand people, that is significant and
30:18
it's got to have impact on markets. I just can't imagine that wouldn't So
30:22
I think it's really about how well the current market is fighting against that that's
30:26
the bigger factor. Or a buying into this dip or wait. I don't
30:30
give financial advice. I can tell you that I nibble on all dips just
30:36
because that's what I do. It's a great place to grab dollar cost averaging
30:40
if you're trying to do things you buy on these kind of days. If
30:42
you are a convicted you know investor, and you are in all the way,
30:48
you believe in everything that you've done. You know, whether it's you
30:52
know, all coins or bigcoin or Ethereum, you know, whichever route takes,
30:56
because every portfolio is quite different from what I have found out there.
31:00
All Right, you guys, if you're not, as I said, if
31:02
you're not in our Diamond Circle, get in now because you've got to get
31:03
part of that air drop summer. All you have to do is drop a
31:07
couple of wallet addresses, your Salona wallet and your Base wallet. That's where
31:11
those air drops are going to be going to. We've got our first dispersion
31:14
coming out very soon. We'll announce that in our Diamond Circle email of when
31:19
that will be happening, because we'll take our snapshot of the wallets that are
31:22
in there and those will be eligible for those air drops. So check it
31:26
out. If you follow me on X, make sure and do that at
31:29
Paul Barrett. We'll catch you next time right here on tech Path