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Bitcoin Reaches $100,000!🎉 Ethereum Next?🚀 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Bitcoin has done it. It has reached one hundred thousand,
• 0:10
  Speaker 1: probably one of the biggest psychological levels ever in investing history. Well,
• 0:15
  Speaker 1: today we're going to break it down for you. My
• 0:17
  Speaker 1: name is Paul Baron. Welcome back into tech Path. Let's
• 0:19
  Speaker 1: get started. I do want to remind everybody if you're
• 0:21
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• 0:25
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• 0:28
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• 0:31
  Speaker 1: manage your portfolio? Well, I'm going to do a live
• 0:33
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• 0:36
  Speaker 1: foundation member here on the Diamond Circle, you actually get
• 0:39
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• 0:41
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• 0:43
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• 0:46
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• 0:48
  Speaker 1: over to the topic right here Bitcoin. Here, of course
• 0:51
  Speaker 1: is watcher Guru just in. President elect Trump congratulates bitcoin
• 0:55
  Speaker 1: holders on the one hundred thousand dollars moment. I think
• 0:58
  Speaker 1: this is a big one, guys. This is a pretty
• 1:00
  Speaker 1: big day I think for crypto in general. I want
• 1:03
  Speaker 1: to go to a clip because this is one of
• 1:04
  Speaker 1: the reasons that this happened. And here is chair pal
• 1:08
  Speaker 1: take a.
• 1:08
  Speaker 2: Look dollar or in the federal reserve itself.
• 1:11
  Speaker 3: And so in terms of the system, what do you
• 1:13
  Speaker 3: think of that idea? I don't think that's how people
• 1:15
  Speaker 3: think about it. I mean, it's it's so, you know,
• 1:18
  Speaker 3: people use bitcoin as a speculative asset, right, It's like gold.
• 1:22
  Speaker 3: It's just like gold, only it's virtual. It's digital. People
• 1:25
  Speaker 3: are not using it as a form of payment or
• 1:28
  Speaker 3: as a store of value. It's highly volatile. It's not
• 1:31
  Speaker 3: a competitor for the dollar. It's really a competitor for gold.
• 1:33
  Speaker 3: You know. It's that's really how I think of.
• 1:36
  Speaker 1: It, all right. The shot, the shot heard round the world,
• 1:40
  Speaker 1: taking bitcoin to over one hundred thousand dollars, and of
• 1:43
  Speaker 1: course the gold bugs, including Peter Schiff not necessarily like
• 1:46
  Speaker 1: in this his statement it's ironic that bitcoin hit only
• 1:49
  Speaker 1: one hundred k after buying off politicians getting in bed
• 1:52
  Speaker 1: with the government. I mean, I understand this. It's meant
• 1:56
  Speaker 1: to be a problem for most of the gold holders
• 1:58
  Speaker 1: right now, but in reality, I think everybody wins together.
• 2:01
  Speaker 1: Gold's up, Bitcoin's up. Why is there I'm not upset
• 2:05
  Speaker 1: with that.
• 2:06
  Speaker 4: You look at this.
• 2:06
  Speaker 1: Kobeec of course is now saying that the prediction markets
• 2:10
  Speaker 1: are now seeing bitcoin rising to about one hundred and
• 2:12
  Speaker 1: twenty eight K by the end of the year, being
• 2:15
  Speaker 1: this month, and you look over the last month, prediction
• 2:18
  Speaker 1: markets had raised their bitcoin price target from seventy seven
• 2:21
  Speaker 1: to one twenty eight cording. This was on Calshi. Of course,
• 2:25
  Speaker 1: this is the kind of scenario that plays out. Let
• 2:27
  Speaker 1: me know in the comments down below, if you guys
• 2:29
  Speaker 1: think we're going to hit the one twenty eight by
• 2:31
  Speaker 1: end of year December, maybe Christmas time, we'll see a
• 2:34
  Speaker 1: one hundred and twenty eight thousand bitcoin. Just drop some
• 2:37
  Speaker 1: notes down there. Here's James Butterfill. He's talking about Bitcoin
• 2:40
  Speaker 1: is literally eating gold's market share currently ten percent. The
• 2:44
  Speaker 1: ETF inflows are at around thirty five billion for bitcoin,
• 2:47
  Speaker 1: so only twelve hundred and twenty two million one hundred
• 2:49
  Speaker 1: and twenty two million for gold. So definitely people are
• 2:53
  Speaker 1: looking at this from an ETF standpoint as where what
• 2:56
  Speaker 1: is the better asset to go into? And just remember
• 3:00
  Speaker 1: the bitcoin has had a long run here, okay, guys,
• 3:02
  Speaker 1: we are going back all the way down to sixteen
• 3:04
  Speaker 1: K and where it is today. There's been a lot
• 3:08
  Speaker 1: of you that have been buying along the way, and
• 3:10
  Speaker 1: it's great because it's up. The key here is watching
• 3:13
  Speaker 1: how this cycles into the next run. Remember these things
• 3:16
  Speaker 1: work in unison. You get a bitcoin run, typically we
• 3:20
  Speaker 1: see an ethereum run, you see an all coin season.
• 3:23
  Speaker 1: Sometimes we'll see a meme token season. There's going to
• 3:26
  Speaker 1: be some variations to that. But the key here is
• 3:28
  Speaker 1: how do investors move because this is a psychology at
• 3:32
  Speaker 1: the end of the day, that's all it is is
• 3:34
  Speaker 1: psychology of how investors the guy across the desk from
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  Speaker 1: you is doing and making moves on it. Right now,
• 3:41
  Speaker 1: everybody's asking the question around bitcoin right here. I bit
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  Speaker 1: also cross fifty billion in assets only two hundred and
• 3:47
  Speaker 1: twenty seven days on the market. This is insane to
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  Speaker 1: me to see this kind of number, and it only
• 3:52
  Speaker 1: tells you that this is probably going to continue to climb. Now,
• 3:55
  Speaker 1: does this hit a cap and we start to see
• 3:57
  Speaker 1: bitcoin maybe retrace step back down to an eighty thousand
• 4:00
  Speaker 1: dollars in a bear market. That could possibly be the case,
• 4:04
  Speaker 1: but you have to remember where it came from in
• 4:06
  Speaker 1: its last bear market to where it will go in
• 4:08
  Speaker 1: its next bear market. So just give that some thoughts.
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  Speaker 1: The other thing you got to look at right now
• 4:14
  Speaker 1: is the fact that the media has been pushing on
• 4:16
  Speaker 1: this for quite some time. In fact, if you look
• 4:18
  Speaker 1: at the narrative that has been around bitcoin since two
• 4:22
  Speaker 1: thousand and nine, it's always been negative, it's always been
• 4:26
  Speaker 1: upside down from reality. And the interesting thing is how
• 4:30
  Speaker 1: long they held it until now. I want to show
• 4:33
  Speaker 1: you a clip. Take a look. Is Joe Amato.
• 4:36
  Speaker 4: He's the president chief investment officer at Newberger Berman, which
• 4:39
  Speaker 4: has five hundred and nine billion dollars in assets under management.
• 4:42
  Speaker 3: And they're not all in bitcoin.
• 4:44
  Speaker 4: I don't think they are not. They are not, and
• 4:46
  Speaker 4: maybe they should be, given that it's up forty seven
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  Speaker 4: percent since the election. I guess we missed it.
• 4:52
  Speaker 3: Why do you tell clients about bitcoin, Well, we tell them.
• 4:55
  Speaker 4: To be very careful. Look, I admitted I've been a
• 4:57
  Speaker 4: skeptic over the years because of some of the things
• 4:59
  Speaker 4: that you you just quote a pwell on in terms
• 5:01
  Speaker 4: of its story value. It's not a currency equivalent, right,
• 5:04
  Speaker 4: It's a speculative asset, and we say be very very careful.
• 5:08
  Speaker 4: But certainly it's getting the attention and we're getting lots
• 5:10
  Speaker 4: of questions about it. Forty percent since the election, but
• 5:14
  Speaker 4: sixty percent arr for fifteen years or ten to fifteen years.
• 5:18
  Speaker 4: So when you've missed it, we have missed that.
• 5:22
  Speaker 1: Yeah, Jesus, I love that that Wall Street has been
• 5:26
  Speaker 1: able to at least admit their failings and that they
• 5:28
  Speaker 1: completely missed it. Hopefully they'll be in this next cycle
• 5:32
  Speaker 1: to see what digital assets will do. And I think
• 5:34
  Speaker 1: that's the point right there, is that you're looking at
• 5:37
  Speaker 1: maybe a next evolution of where markets are going to
• 5:40
  Speaker 1: be managed from. And it's become kind of a thing
• 5:43
  Speaker 1: that everybody I think is getting in on. Heres standard charter.
• 5:45
  Speaker 1: They're talking about bitcoin will double to two hundred thousand
• 5:49
  Speaker 1: in twenty twenty five. Guys, we're less than thirty days
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  Speaker 1: away from twenty twenty five. I want to go over to,
• 5:55
  Speaker 1: of course, my favorite analyst out there, and that is
• 5:58
  Speaker 1: mister Tom Lee, and he's always it's so interesting his
• 6:01
  Speaker 1: mannerisms of how he kind of points these things out.
• 6:03
  Speaker 1: But he called it, so let's give him his due.
• 6:05
  Speaker 1: Take a look.
• 6:07
  Speaker 2: It's really telling us investors are pro risk. I do
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  Speaker 2: think it also just signals how much capital has been
• 6:14
  Speaker 2: idle for the last couple of years, either parked in
• 6:16
  Speaker 2: money market cash or waiting to see if the economy survived.
• 6:21
  Speaker 2: So I think bitcoin rising is to me breaking out
• 6:24
  Speaker 2: of a holding pattern, is a precursor to what the
• 6:27
  Speaker 2: S and P is going to do the rest of
• 6:28
  Speaker 2: the year. Next week is CPI, which has been running
• 6:31
  Speaker 2: a little hot, and Fetcher Pal spoke about that earlier
• 6:35
  Speaker 2: this week, and then of course on the eighteenth is
• 6:38
  Speaker 2: the FMC rate decision. So I think once we're through
• 6:40
  Speaker 2: these events, investors can actually then invest into sort of
• 6:44
  Speaker 2: that Christmas Santa Claus rally. So I think sixty three
• 6:47
  Speaker 2: hundred is still very doable.
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  Speaker 1: So you're basically saying don't go away after the eighteenth
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  Speaker 1: because there may be some additional upside toward the end of.
• 6:54
  Speaker 2: The year, yes, or by the dips.
• 6:56
  Speaker 1: Yeah, yeah, this is going to be a hot season,
• 7:00
  Speaker 1: so just be on the lookout for this. Tom Ly
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  Speaker 1: has been on record multiple times calling the one hundred
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  Speaker 1: k by end of year clearly that was hit. He's
• 7:10
  Speaker 1: also been on record that he's very bullish into twenty
• 7:13
  Speaker 1: twenty five. Now, where in twenty twenty five is the
• 7:16
  Speaker 1: real question mark? So that's still a big one. One
• 7:19
  Speaker 1: thing to watch is how the equities perform. If you
• 7:21
  Speaker 1: look at how micro Strategy has been able to do this,
• 7:24
  Speaker 1: they surged ten percent overnight. Obviously, we know what happens
• 7:28
  Speaker 1: overnight in crypto. This is a twenty four thirty, three
• 7:32
  Speaker 1: hundred and sixty five market year round all the time.
• 7:35
  Speaker 1: I think now many people are starting to understand why
• 7:38
  Speaker 1: and how you can leverage against that. You look at
• 7:40
  Speaker 1: this note right here from Kobec. This is interesting. Most
• 7:43
  Speaker 1: of the stock market's gains occurred in overnight trading. The
• 7:47
  Speaker 1: S and P five hundred return twenty six nine year
• 7:49
  Speaker 1: to date, with twenty three percent of those gains coming
• 7:52
  Speaker 1: outside of trading hours. Welcome to the game, guys, that's
• 7:55
  Speaker 1: how crypto works, so it's kind of interesting to see
• 7:58
  Speaker 1: how that mirrors across. I think we're going to get
• 8:00
  Speaker 1: to see in our lifetime twenty four to seven equities
• 8:05
  Speaker 1: trading without a doubt, and I think it's going to
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  Speaker 1: be tokenized. So just be ready. This is just the
• 8:10
  Speaker 1: beginning of where all of this technology is going. Eighty
• 8:13
  Speaker 1: eight percent of crypto holders now feeling that they missed
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  Speaker 1: out a little bit on major gains. This is coming
• 8:18
  Speaker 1: in from the Krack and survey. There's a few points
• 8:20
  Speaker 1: within this I want to hit on and then I
• 8:21
  Speaker 1: want to rest your laurels. Here survey says right now
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  Speaker 1: they sentiment's driven by the bullmarket rally land by Bitcoin.
• 8:29
  Speaker 1: Everybody looking at the hundred k right now, but you
• 8:32
  Speaker 1: look at apart from Bitcoin. All cones also have followed
• 8:35
  Speaker 1: the suit, and most notably is XRP Soalana. Many people
• 8:39
  Speaker 1: have seen that. The survey also showed about eighty four
• 8:41
  Speaker 1: percent are still looking forward to future opportunities and crypto investments.
• 8:45
  Speaker 1: Let me know what you guys think. Are we finally
• 8:47
  Speaker 1: at the heat of the kind of gains that are
• 8:51
  Speaker 1: going to happen in these seasons because everything is timed
• 8:54
  Speaker 1: in correctly or it feels like it. Bitcoin's hitting its
• 8:57
  Speaker 1: all time high, another one, it's crossing the one hundred
• 9:00
  Speaker 1: thousand psychological mark. Ethereum is on the move, and we're
• 9:04
  Speaker 1: starting to see a massive fleet of all coins really
• 9:08
  Speaker 1: starting to move as well, including things like swee h bar.
• 9:11
  Speaker 1: I mean, will show you the list. It's crazy the
• 9:14
  Speaker 1: kind of numbers we're seeing. Here's ethereum all time high
• 9:18
  Speaker 1: in twenty twenty four. That's the question mark right now,
• 9:20
  Speaker 1: it says a thirty five percent chance. I think this
• 9:22
  Speaker 1: is undervalued right now of seeing all time highs now,
• 9:27
  Speaker 1: does it happen in twenty twenty four is the question mark.
• 9:29
  Speaker 1: People are still saying that eth is a little slow,
• 9:31
  Speaker 1: that would have to get to forty eight hundred, eh
• 9:33
  Speaker 1: trading it around thirty nine hundred right now? Does bitcoin
• 9:37
  Speaker 1: take this limelight away during December and ethereum kicks off
• 9:43
  Speaker 1: in January? That's the big question mark everybody's asking. If
• 9:46
  Speaker 1: you look at where eth inflows are coming, they have
• 9:49
  Speaker 1: surged over four thousand percent. This is in November, reaching
• 9:52
  Speaker 1: ondred one point four two billion. That's pretty big, guys.
• 9:56
  Speaker 1: This is a maybe the surge is starting to occur.
• 9:58
  Speaker 1: Price of ethereum surge around two twenty four hundred, remember
• 10:01
  Speaker 1: we saw that and thirty nine hundred over the past
• 10:04
  Speaker 1: thirty days. Nice move for a lot of people that
• 10:06
  Speaker 1: have been making it at one point three billion right there,
• 10:09
  Speaker 1: also moving into some of these inflows. So a lot
• 10:12
  Speaker 1: of fireworks definitely on play here. But here's a narrative
• 10:15
  Speaker 1: that's kind of interesting, and I want you to think
• 10:17
  Speaker 1: about this for a second. There's one hundred k Bitcoin.
• 10:20
  Speaker 1: That's the narrative everybody kind of is painting here, and
• 10:23
  Speaker 1: I would agree, yeah, that's that's kind of the core
• 10:26
  Speaker 1: of what's happening in the market right now. But Ethereum
• 10:28
  Speaker 1: ETFs have seen eight ras eight straight days of positive
• 10:31
  Speaker 1: inflows totally eight hundred mili plus and then several days
• 10:34
  Speaker 1: Eth inflows were greater than that of Bitcoin. So you've
• 10:38
  Speaker 1: got NFTs quietly starting to move. Ethereum is leading the
• 10:42
  Speaker 1: main chain two hundred and fifty nine million and thirty days,
• 10:44
  Speaker 1: and then crypto punks also leading the main collection sixty
• 10:48
  Speaker 1: three million and thirty day volumes. So now I know
• 10:51
  Speaker 1: a lot of that's quick and fast, But the point is,
• 10:53
  Speaker 1: is eth really the one that is moving right now
• 10:58
  Speaker 1: and in essence maybe drag the market along with it.
• 11:01
  Speaker 1: That's a question everybody's asking. And if you look at
• 11:04
  Speaker 1: the flow, let's go over to the Bitcoin tracker and
• 11:07
  Speaker 1: the ETH tracker. Let me click back and forth. Here's
• 11:09
  Speaker 1: the Bitcoin tracker right here on what's happening within the ETFs.
• 11:14
  Speaker 1: There's a thirty day If you go to the all
• 11:16
  Speaker 1: you see that big jump right there, and it jumps
• 11:18
  Speaker 1: right into sixty one billion in annual or excuse me,
• 11:22
  Speaker 1: assets under management pretty much flat until here where we
• 11:26
  Speaker 1: are right now fifty eight billion. Okay, then you go
• 11:29
  Speaker 1: look at where Ethereum has come from. Little different picture.
• 11:33
  Speaker 1: Look at this spike we're seeing right here just in November.
• 11:37
  Speaker 1: That's November where I have my mouse at right now,
• 11:39
  Speaker 1: that's setting at about six billion to where we are
• 11:42
  Speaker 1: right now at only eleven billion. So could we see
• 11:46
  Speaker 1: eight in comparison to bitcoin? Because remember market cap is
• 11:49
  Speaker 1: about what one quarter that of bitcoin, about four hundred
• 11:53
  Speaker 1: and fifty let's say five hundred billion to the two
• 11:55
  Speaker 1: trillion on bitcoin. Are we maybe in a position where
• 11:59
  Speaker 1: E could make that leap based on market cap, also
• 12:03
  Speaker 1: in alignment with what would happen with bitcoin as well.
• 12:06
  Speaker 1: But could eth be highly undervalued right now? That's what
• 12:09
  Speaker 1: everybody's asking, And I think everybody's watching this because the
• 12:12
  Speaker 1: thing that kicks off phase two is always Ethereum. So
• 12:17
  Speaker 1: there you are Bitcoin phase two or phase one, Ethereum
• 12:21
  Speaker 1: phase two outperforming Bitcoin, and here we have talks of flipping.
• 12:24
  Speaker 1: This is maybe where we are right now, guys. And
• 12:27
  Speaker 1: then you get into large caps, we know what that means.
• 12:29
  Speaker 1: You're going to see things like well, we've already seen
• 12:32
  Speaker 1: it to a certain extent. You're gonna think it seems
• 12:34
  Speaker 1: like Sweet is already moving, Avalanche, Cardano, Solana, all of
• 12:39
  Speaker 1: these could take massive moves up in a very interesting way.
• 12:42
  Speaker 1: And then of course all Season being number four right there.
• 12:45
  Speaker 1: All right, so we've been showing this chart. You guys
• 12:47
  Speaker 1: can kind of follow this along with this is the
• 12:49
  Speaker 1: all coin season. The index itself, remember this was back
• 12:52
  Speaker 1: in kind of the bluish green area sixty seventies. Over
• 12:56
  Speaker 1: the last couple of weeks it has spiked into almost
• 13:00
  Speaker 1: heeded all coin season in a very short period of time,
• 13:02
  Speaker 1: rating at number eighty six. And if you look at
• 13:04
  Speaker 1: some of the performers, and it's possible that eth is
• 13:07
  Speaker 1: kind of the precursor to this. I mean, you've got
• 13:10
  Speaker 1: h bar outperforming, XLM, Sui is in their Doge, XRP, etc.
• 13:15
  Speaker 1: I mean, we've seen Algoran, Cardano, v Chain, many of
• 13:19
  Speaker 1: these are older, remember some of those, And that I
• 13:22
  Speaker 1: think is very intriguing because it starts to move the
• 13:25
  Speaker 1: needle on where these all coins are going. I think
• 13:27
  Speaker 1: we're about ready to see a face melter in terms
• 13:30
  Speaker 1: of a lot of assets out there. The question is
• 13:32
  Speaker 1: which once and I know we're going to be doing
• 13:34
  Speaker 1: an all coins show for you guys coming up. We'll
• 13:36
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• 13:40
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• 13:43
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• 13:45
  Speaker 1: We'll catch you next time right here on tech Bath