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White House Backs ETH on 10-Year Birthday🎉Wallstreet Incoming · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The White House now backing Ethereum today, we'll break it
• 0:02
  Speaker 1: down for you. It's going to be a good one.
• 0:03
  Speaker 1: My name is Paul Berreo. Welcome back into the show.
• 0:05
  Speaker 1: Let's get into it. I want to thank our sponsor,
• 0:07
  Speaker 1: and that is Coinbase, a place where you guys can
• 0:09
  Speaker 1: start your crypto journey. And I know a lot of
• 0:11
  Speaker 1: you who have been on the sidelines. You and you're thinking,
• 0:13
  Speaker 1: now is the time. We got a little bit of
• 0:14
  Speaker 1: a dip in the market. Let's get in there, buy
• 0:17
  Speaker 1: a little bitcoin, a little bit of Ethereum, get into
• 0:20
  Speaker 1: coinbase right now. The future of money is here. You
• 0:22
  Speaker 1: can do this as a business or as an individual.
• 0:25
  Speaker 1: Make sure and use our link down below. It's going
• 0:27
  Speaker 1: to give you up to two hundred bucks in rewards
• 0:30
  Speaker 1: just to get going over there.
• 0:31
  Speaker 2: So check it out and get going.
• 0:33
  Speaker 1: Let's go over with this first tweet right here. Bessant
• 0:36
  Speaker 1: has come in and said we have entered the golden
• 0:39
  Speaker 1: age of crypto.
• 0:40
  Speaker 2: I would agree with him.
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  Speaker 1: If you look at everything that's happening in the last
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  Speaker 1: six months and what's happening in the market over the
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  Speaker 1: last six months, we are in an era I think
• 0:49
  Speaker 1: that is truly the next generation of not only finance,
• 0:53
  Speaker 1: but how tech is going to be initiated.
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  Speaker 2: Other things that are happening.
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  Speaker 1: If you look at a couple of points, is this
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  Speaker 1: crypto project Paul Atkinson or the sec chair and he
• 1:03
  Speaker 1: goes in and I'm announcing the launch of Project Crypto.
• 1:06
  Speaker 1: This is a commission wide initiative to modernize securities rules
• 1:09
  Speaker 1: and regulations and enable America's financial markets to move on chain.
• 1:12
  Speaker 1: This is a big deal because this is a complete
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  Speaker 1: flip flop from Gary Gensler and we're dealing with right now,
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  Speaker 1: a complete renovation of how Wall Street is going to
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  Speaker 1: be done in the future, including tokenized securities as well
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  Speaker 1: as many other tokenized components that will play into this.
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  Speaker 1: Matt Hogan hits on this, these are the things that
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  Speaker 1: are really starting to brew. Atkins announcing his Project Crypto
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  Speaker 1: landmarks speech every asset being tokenized.
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  Speaker 2: Totally agree with that.
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  Speaker 1: And then also JP Morgan partnering with coinbase. The lines
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  Speaker 1: now between tradfi and crypto are disappearing. He mentioned this
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  Speaker 1: in another.
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  Speaker 2: Tweet earlier in the week.
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  Speaker 1: That I agreed with is that soon you won't be
• 1:52
  Speaker 1: calling it a crypto wallet anymore. It'll just be your
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  Speaker 1: wallet because it's all on chain. That could happen maybe
• 1:57
  Speaker 1: in the next five years. So pay attention. The markets
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  Speaker 1: are now starting to shift. So where will ethereum look
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  Speaker 1: like in the next five years, next ten years. Well,
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  Speaker 1: here's Tom Lee take a look from.
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  Speaker 3: A trading perspective. Look, there's a lot of people who
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  Speaker 3: think ETH has become sclerotic, it's a stale layer one.
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  Speaker 3: But the reality is that ETH is illegally recognized blockchain.
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  Speaker 3: It's never had any downtime. I thought it was so
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  Speaker 3: interesting that Metallic on the tenth birthday of Ethereum notes
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  Speaker 3: zero downtime. That matters to Wall Street because banks care
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  Speaker 3: about zero downtime. Four thousand is a line in the sand.
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  Speaker 3: But to me, it's just a matter of time. I
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  Speaker 3: think four thousand. If someone's thinking that that's like a
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  Speaker 3: level of resistance, that represents something super meaningful. To me,
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  Speaker 3: I think it's paper.
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  Speaker 2: All right. There you go.
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  Speaker 1: So Tom Ley very bullish on if there, and if
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  Speaker 1: you look at his feed over on X you can
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  Speaker 1: kind of see at first he's going into this whole
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  Speaker 1: revolution or revolution the.
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  Speaker 2: Golden age of crypto.
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  Speaker 1: But then he gets into some of the key things
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  Speaker 1: in this kind of you know, backstops his whole position
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  Speaker 1: there in terms of ETH on zero downtime. This was
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  Speaker 1: an interesting chart that I thought would be good to
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  Speaker 1: represent it. If you go back into August of twenty
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  Speaker 1: twenty four, this is the correlation between ETH and bitcoin.
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  Speaker 1: If you do the same math, this would amplify ETH
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  Speaker 1: up to If it just gets back up to that point,
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  Speaker 1: this would amplify ETH up to fifty seven hundred over
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  Speaker 1: fifty seven hundred. But then he goes into his bowl case.
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  Speaker 1: Take a look at this. This is the network value
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  Speaker 1: summary based on all of what its potential could be.
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  Speaker 2: Yes, that's a sixty k ETH.
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  Speaker 1: So that's the estimated value potential at an eighteen x so. Man,
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  Speaker 1: you look at the credence behind Tom Lee, one of
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  Speaker 1: the best investors on Wall Street, the guy who's been
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  Speaker 1: basically championing bitcoin through its growth and its ascension all
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  Speaker 1: the way to one hundred and twenty K. Now putting
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  Speaker 1: so much effort behind ethereum, what does he know? I
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  Speaker 1: want to go to another one, and this we'll get
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  Speaker 1: into a clip around Cathy Wood. She also is doubling
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  Speaker 1: down on crypto.
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  Speaker 2: Take a look for.
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  Speaker 4: So long people were waiting to see if ethereum was
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  Speaker 4: going to catch up with some of the positive flows
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  Speaker 4: that the bitcoin ETFs have had, and we're finally starting
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  Speaker 4: to see that, along with some of the earnings we've
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  Speaker 4: seen robin Hood, we've seen Coinbased, we've seen the success
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  Speaker 4: of Circle since it's IPO this year. The market's focused
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  Speaker 4: on this.
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  Speaker 2: All right.
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  Speaker 1: So as you can see that clip right there, that
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  Speaker 1: is the ARC Fund. They're representative kind of breaking down
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  Speaker 1: what they've been able to see.
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  Speaker 2: But of course her fund we've showed.
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  Speaker 1: Many times this is Roadblocks rocketing ahead, huge earnings, absolutely skyrocketing.
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  Speaker 1: And if you look at her charts and the companies
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  Speaker 1: and projects that she's investing in, some many that are
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  Speaker 1: really winning here are crypto related.
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  Speaker 2: Take a look at this right here. These are the holdings.
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  Speaker 1: One hundred and seven holdings right now, Coinbase, Roadblocks, Robin Hood,
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  Speaker 1: all crypto friendly, all of which have been having absolute
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  Speaker 1: c performance. And we're dealing with a situation right now.
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  Speaker 1: I think where Kathy Wood is starting to get a
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  Speaker 1: good picture of where the future is going to be,
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  Speaker 1: and a lot of it could be on Ethereum. Other
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  Speaker 1: points I want to get at right now Naszac files
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  Speaker 1: our application to add staking for Blackrock. So Larry wants it,
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  Speaker 1: He's going to get it, and I would agree this
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  Speaker 1: puts a lot of pressure on general et aps, but
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  Speaker 1: it also puts a lot of pressure on these tokenized
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  Speaker 1: treasure companies that are holding in that they're going to
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  Speaker 1: have to do more to create value. And I think
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  Speaker 1: some people are and some projects definitely are.
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  Speaker 2: But this is a big, big.
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  Speaker 1: Win for the future of ethereum.
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  Speaker 2: The market is bleeding. But look what Blackrock is doing
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  Speaker 2: right now.
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  Speaker 1: I'll zoom in on that right eth right now, and that,
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  Speaker 1: of course is eth accumulation, guys. So every time you
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  Speaker 1: see one of these little bumps down where we're hovering
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  Speaker 1: right now around thirty six hundred for eight, guess who
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  Speaker 1: is acquiring ethereum, That of course is Blackrock. So one
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  Speaker 1: other thing I want to hike highlight is what's happening
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  Speaker 1: over at the White House here, of course of Bohindes
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  Speaker 1: being interviewed by Tristan Thompson. This is coming in from
• 6:01
  Speaker 1: the Cleveland Cavaliers, and this has a good connection. But
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  Speaker 1: I think the key here, as we start to see
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  Speaker 1: a lot of movement in the space, one of the
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  Speaker 1: things you have to look at right now is this
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  Speaker 1: crypto report. One of the key things they put in
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  Speaker 1: here was immediate actions. Well, immediate actions was to get
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  Speaker 1: into establishing a.
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  Speaker 2: Safe harbor for air drops.
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  Speaker 1: So all of this ties into deep in and infrastructure
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  Speaker 1: that we've talked about before. All this could be good
• 6:28
  Speaker 1: for Avalanche going forward. I want to play a clip
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  Speaker 1: that kind of explains to this.
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  Speaker 2: Take a look.
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  Speaker 5: Teams like the Cavaliers have millions of fans. Any Calves
• 6:36
  Speaker 5: fan can sign up to Caves Rewards today. You can
• 6:38
  Speaker 5: find it on NBA dot Com Slash Cavalier, Slash Rewards.
• 6:43
  Speaker 5: We have free to play minigames within the experience, predict
• 6:47
  Speaker 5: the over under the spread of the next game. The
• 6:50
  Speaker 5: grocery partner, for example, of the Cleveland Cavaliers is participating
• 6:54
  Speaker 5: in our interoperable loyalty network. We're driving over five million
• 6:58
  Speaker 5: dollars and spend to that partner, meaning fans have dropped
• 7:00
  Speaker 5: the competing grocery store. One of the highlights of working
• 7:03
  Speaker 5: with Avalanche is just the day to day everything works.
• 7:06
  Speaker 5: We've never had an issue, anything go offline, We've never
• 7:09
  Speaker 5: had a bug. The mundane things are the exciting things.
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  Speaker 5: We're keen on supporting major enterprises, so we need things
• 7:16
  Speaker 5: to go without a hitch, all right.
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  Speaker 1: So that was an ad on coin Desk where Avalanche
• 7:21
  Speaker 1: was kind of showcasing some of these projects out there.
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  Speaker 1: AVE though, is also a big comparison because remember AVE
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  Speaker 1: has been around for a very long time. Everybody trusts them,
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  Speaker 1: and now we're starting to see new incentives being a
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  Speaker 1: renewed for the avax ecosystem. So pay attention out there.
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  Speaker 1: We're going to see some things happening, for sure. Other
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  Speaker 1: things that are going on is this right here. The
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  Speaker 1: SEC's Crypto Task Force is taking it on the road,
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  Speaker 1: and we're going to see these roundtables hosted in a
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  Speaker 1: variety of cities around the country, some of which you know,
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  Speaker 1: You've got Dallas, Chicago, Berkeley. You've got an interesting date
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  Speaker 1: right there, August nineteenth. That of course, is very tight
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  Speaker 1: to maybe the ripple case being finalized.
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  Speaker 2: We'll see with all that.
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  Speaker 1: Last up, of course, I got a hit on where
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  Speaker 1: is Kamala Harris. Well, if you think about what could
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  Speaker 1: have happened in the market, you have to think about
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  Speaker 1: what's going on with the previous presidential candidate. She is
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  Speaker 1: now over on The Colbert Show saying, Hey, I don't
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  Speaker 1: even want to get back in the system because it's broken.
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  Speaker 1: This is a concerning thing because I was like, well,
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  Speaker 1: wait a minute, if it's broken, you should be wanting
• 8:26
  Speaker 1: to get in there and fix it. But this is
• 8:27
  Speaker 1: what we missed. This is how we dodged a bullet
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  Speaker 1: for sure, And I think this is a point that
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  Speaker 1: many people.
• 8:32
  Speaker 2: Have to look at.
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  Speaker 1: We are way ahead on where we could have been
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  Speaker 1: this time. Remember Era one twenty nine to sixteen. Then
• 8:42
  Speaker 1: Era two was seventeen to twenty four. Both these were troublesome,
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  Speaker 1: and twenty twenty five, I think is the era that
• 8:49
  Speaker 1: we will look back on and say this was the
• 8:52
  Speaker 1: birth of crypto. If you guys are not in the
• 8:55
  Speaker 1: Diamond Circle, you should be. All you have to do
• 8:57
  Speaker 1: is click the link down below. You get in it
• 8:58
  Speaker 1: for absolutely free, and also follow me on x at
• 9:01
  Speaker 1: Paul Baron. We'll catch you next time right here on
• 9:03
  Speaker 1: The Paul Baron Show.