Latest / The Paul Barron Crypto Show / Fed Crypto Rescue Soon?🚨Crypto Market Update

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Fed Crypto Rescue Soon?🚨Crypto Market Update · The Paul Barron Crypto Show

0:00
Speaker 1: Could the FED bail out the markets today? We'll break
0:02
Speaker 1: it down for you, get into some details. You don't
0:04
Speaker 1: want to miss it. Let's just jump right in. I
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Speaker 1: but you know, that's one of the things that I
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0:51
Speaker 1: Let's get into a couple of points I want to
0:53
Speaker 1: touch on. First. Of course, the market is down again,
0:56
Speaker 1: wipe down from the crypto market another one hundred and
0:59
Speaker 1: forty bill just in the past four hours. We continue
1:02
Speaker 1: to see these kind of radical swings coming in and out.
1:05
Speaker 1: It's always happening on these weekends, and of course this
1:08
Speaker 1: happened over Thanksgiving Black Friday weekend. Three three point five
1:13
Speaker 1: billion bitcoin ETFs now exiting in November. This is the
1:17
Speaker 1: US spot bitcoin ETF shedding over three point five billion.
1:20
Speaker 1: This is the highest monthly outflow that we've seen since February,
1:25
Speaker 1: so pretty significant overall, and there are some scenarios I
1:30
Speaker 1: think that play out for how the market could respond
1:34
Speaker 1: to this. The real question is whether or not bitcoin
1:36
Speaker 1: is going to stop at the eightyk mark. Do we
1:40
Speaker 1: see this all the way down to seventy two or there?
1:43
Speaker 1: I say, is this the beginning of a bull market
1:46
Speaker 1: and we could see a much lower bitcoin You guys
1:48
Speaker 1: let me know what your thoughts are comment in the
1:52
Speaker 1: comments below. Let's get into this right here, because this
1:54
Speaker 1: is where Eric Balshoun has kind of hit on this
1:56
Speaker 1: and says, wait a minute, I just read the City
1:57
Speaker 1: analyst say that for every billion from the bitcoin ETF
2:01
Speaker 1: equals to around three point four percent drop in bitcoin price,
2:05
Speaker 1: So by that logic, since the ETFs have taken almost
2:09
Speaker 1: twenty two billion in inflows, we should be up to
2:12
Speaker 1: seventy seven percent. Now. The only thing I would argue
2:14
Speaker 1: on that, I'm not sure that that even Eric is
2:18
Speaker 1: revealing the full report here by city, because the response
2:21
Speaker 1: on city might be that if you look at the
2:24
Speaker 1: math is and the way you would do is go
2:26
Speaker 1: look back at that twenty two billion in inflows and
2:29
Speaker 1: just say, well what did that do? Average it out
2:31
Speaker 1: and sale for every billion, Maybe it's one point five
2:34
Speaker 1: you know, in the market in terms of percentage, and
2:36
Speaker 1: that would be up like thirty percent. So I don't know,
2:39
Speaker 1: maybe there's more behind that, analyst. The point is is
2:42
Speaker 1: that the ETFs are having an impact on the market.
2:45
Speaker 1: I think that's the bigger picture here, and you can
2:48
Speaker 1: see it right here as we continue to see a
2:51
Speaker 1: market cap dropping to under three trillion. This of course
2:54
Speaker 1: will continue for a while. I think, guys, maybe going
2:58
Speaker 1: into the end of this year, unless us we get
3:00
Speaker 1: a big market turnaround. I'm going to reveal something to
3:03
Speaker 1: you that Tom Lee said that might reveal that that
3:07
Speaker 1: could be waiting in the wings. The interesting thing though,
3:10
Speaker 1: that I want you to pay attention to is this
3:12
Speaker 1: fear and greed you would think or feel. I look
3:16
Speaker 1: at it this way. Bitcoin dipping under ninety again, starting
3:20
Speaker 1: to press eighty five, and our fear and greed is
3:23
Speaker 1: holding at the top level of extreme fear at twenty.
3:26
Speaker 1: Remember a week ago, ten days ago, we were at
3:29
Speaker 1: a ten. So is the market actually responding to this?
3:33
Speaker 1: And we've got a twenty five on an all coin season.
3:36
Speaker 1: I'm not buying that one either. Other things that, of
3:39
Speaker 1: course people are looking at is this eight PM meeting
3:42
Speaker 1: and this of course's pale talking about what's happening today,
3:46
Speaker 1: and we all know what that is. December first, quantitative
3:49
Speaker 1: tightening ends. The question is is will QUE begin right now?
3:53
Speaker 1: The poll says possibly announced tonight. This, of course would
3:57
Speaker 1: be a striking difference. Of course, if we get an
4:00
Speaker 1: announcement like that, that would be a significant market indicator
4:05
Speaker 1: for QE. And of course if QE comps. The printers
4:09
Speaker 1: come on and guys, we're getting ready to jump into
4:11
Speaker 1: another run. President Trump says he's decided who's going to
4:14
Speaker 1: be the next FED chair and he's going to announce
4:16
Speaker 1: it soon. All eyes though, are on Kevin Hassett as
4:20
Speaker 1: the potential leader right now at seventy two percent, you
4:23
Speaker 1: can kind of see and a big leap forward here
4:26
Speaker 1: just over the past few days. Obviously, some of that
4:29
Speaker 1: came from President Trump on Air Force One where he
4:31
Speaker 1: was kind of smiling about Kevin Hassett's name. Also, could
4:36
Speaker 1: Trump be trying to throw a curveball against this. You've
4:38
Speaker 1: got to be looking at all possibilities. I guess the
4:42
Speaker 1: good thing, if any, is that at least Kevin Hasset
4:45
Speaker 1: has been a very pro crypto position in general. We'll
4:49
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7:17
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Speaker 1: every day. Now, there are some other things that are
7:23
Speaker 1: affecting the markets. If you look in the SMP, you
7:25
Speaker 1: look at gold, you look at silver, all of those
7:27
Speaker 1: markets are pretty much up and to the right. The
7:31
Speaker 1: one that is a trigger for all of this is AI.
7:34
Speaker 1: I want to go to a clip here because this
7:35
Speaker 1: we'll look at nowly the Fed's next move, but how
7:38
Speaker 1: the AI trade may be played.
7:40
Speaker 2: Take a look, I.
7:41
Speaker 3: Actually have been encouraged because I think that AI trade
7:44
Speaker 3: has become more differentiated. People have understood that vertical integration matters.
7:49
Speaker 3: They have understood that multiple sources of revenues matter. So
7:52
Speaker 3: we're starting to see AI being much more fundamentally driven
7:57
Speaker 3: than hype driving.
7:58
Speaker 4: Explain that I don't get that because it's like every
8:00
Speaker 4: time there's a deal of both companies tend.
8:03
Speaker 5: To go up.
8:03
Speaker 4: Whatever two deals, whatever two companies are there. How are
8:06
Speaker 4: we differentiating between what works and what does?
8:08
Speaker 3: So let's start with Gemini. I think Gemini three was
8:10
Speaker 3: a significant change in the landscape. I think it made
8:14
Speaker 3: people realize that if you are going to be a
8:17
Speaker 3: winner in this arms race, because it is an arms race,
8:20
Speaker 3: you have to have certain attributes that not all the
8:23
Speaker 3: companies have. Now you're starting to see much more consideration
8:28
Speaker 3: of how are you funding yourself? Are you funding yourself
8:30
Speaker 3: mainly from revenue or are you funding yourself from circle
8:33
Speaker 3: of financing. That's all good because you didn't want the
8:36
Speaker 3: bubble phase to get carried away too much, because otherwise
8:39
Speaker 3: there would have been a lot more damage than there
8:41
Speaker 3: would be otherwise.
8:41
Speaker 4: So what are you watching outside of this AI trade
8:44
Speaker 4: Obviously that's leading the market has been for a while,
8:47
Speaker 4: but there's a lot of other things that are happening
8:49
Speaker 4: Federal Reserve and beyond is that.
8:51
Speaker 3: We need to pay more attention to the supply side.
8:53
Speaker 3: We are captivated right now, understandably by two things, will
8:57
Speaker 3: they cut this month or not? And who will be
9:00
Speaker 3: the next FED chair? As important is how will this
9:04
Speaker 3: FED be reformed? This FED went to sleep. We have
9:07
Speaker 3: got to be better at the supply side, and most importantly,
9:11
Speaker 3: the compliance culture has to improve. So there's a lot
9:13
Speaker 3: of things that we have to focus on on the
9:15
Speaker 3: FED because it's so central to our economic wellbeing.
9:19
Speaker 1: All right, So you can see there are different opinions
9:22
Speaker 1: right there on how this plays out. And you guys
9:25
Speaker 1: will remember Michael Burry exiting the market some of where
9:28
Speaker 1: he said, I just don't understand this market because it
9:31
Speaker 1: has been up and to the right, and most of
9:33
Speaker 1: the narrative has been centered around in Nvidia, and that
9:36
Speaker 1: of course gets into the broader picture of technology. It's
9:40
Speaker 1: why we're seeing the S and P move at the
9:41
Speaker 1: rate we have seen here recently. But at the same time,
9:45
Speaker 1: you've got global macro positions that are really starting to
9:48
Speaker 1: maybe reposition the entire planet. Some of the things you
9:51
Speaker 1: got to look at is Japan's ten year government bond
9:54
Speaker 1: yield that's just hit a one point eight percent, almost
9:57
Speaker 1: at one point nine highest yield since t one thousand
10:00
Speaker 1: and eight. We all know what happened back then. That
10:02
Speaker 1: was a huge economic crisis. Remember, Japan was the anchor
10:05
Speaker 1: zero rates, infinity liquidity, that was the scenario. The anchor
10:08
Speaker 1: is now breaking. A couple of points within this tweet
10:11
Speaker 1: right here, Japanese institutions hold approximately key point here one
10:15
Speaker 1: point one trillion in US treasure securities. This gets bent
10:18
Speaker 1: into the scenario of the reverse carry trade. What that
10:22
Speaker 1: might mean for US securities if this happens precisely as
10:26
Speaker 1: the Federal serve terminates QT, precisely as the US Treasury
10:31
Speaker 1: requires record issuance, which is going to be about one
10:35
Speaker 1: point eight trillion. So you've got a lot of happening
10:38
Speaker 1: right now between what's going on from a big scenario
10:43
Speaker 1: around Japan and what we're dealing with here in the
10:46
Speaker 1: United States. So, when the world's creditor nations stopped funding
10:49
Speaker 1: the world's debtor nations at artificially suppressed rates, the entire
10:52
Speaker 1: post two thousand and eight. Financial architecture must reprice, So
10:57
Speaker 1: that's something that you have to look at. Maybe these
11:00
Speaker 1: are some of the underlying pressure points that are really
11:03
Speaker 1: driving into crypto when you look at those markets. It
11:06
Speaker 1: has been interesting. At the very least. This is in
11:10
Speaker 1: July of twenty twenty four, of the FED cut rates
11:13
Speaker 1: while the BOJ raised rates, leading to unwind of the
11:17
Speaker 1: carry trade. Bitcoin capitulated into it. We found a new
11:19
Speaker 1: low that week. Good chances could happen again around December tenth,
11:24
Speaker 1: because we all know what that means. That is the
11:27
Speaker 1: FED now. This could push the FED now because of
11:29
Speaker 1: what's happening with and in Japan, to possibly be a
11:33
Speaker 1: little bit more cagey around pausing. And that's the question.
11:37
Speaker 1: Do we get the pause? With all of this happening
11:39
Speaker 1: from a global economic position? What do you guys think.
11:42
Speaker 1: Do you think we're gonna have FED rate cut or
11:44
Speaker 1: do you think Chair Pale will hold the line and
11:46
Speaker 1: try to position the US for another pause. Bitcoin and
11:50
Speaker 1: eth have fully decorrelated. And this is the point I'm
11:52
Speaker 1: getting to. Bitcoin and eth have fully decorrelated from the markets.
11:56
Speaker 1: If you look at gold, the S and P five
11:59
Speaker 1: hundred all times right there. You can see those charts
12:01
Speaker 1: boom boom, but Bitcoin right here absolutely just getting cratered.
12:06
Speaker 1: Same thing with ethereum. These are the kind of factors
12:10
Speaker 1: that I think a lot of people are looking at
12:12
Speaker 1: right now, and many people saying, hey, maybe the exit
12:15
Speaker 1: was one twenty six, maybe the exit was around four
12:19
Speaker 1: K on eight, and this could be the entry of
12:22
Speaker 1: a new bull or bear market going forward. Now Tom
12:25
Speaker 1: Lee doesn't believe that, which you know, we know Tom Lee,
12:28
Speaker 1: he doesn't believe that at all. In fact, he's calling
12:31
Speaker 1: for a year in rally.
12:32
Speaker 2: Take a look. But you still bullish on crypto and
12:36
Speaker 2: stocks going into year.
12:37
Speaker 1: In I am.
12:40
Speaker 5: I think the biggest tailwind that's going to emerge in
12:43
Speaker 5: the next couple of weeks is around the central Bank.
12:46
Speaker 5: The FED is set to cut in December, but also
12:50
Speaker 5: today is the day that quantitative tightening ends. And as
12:54
Speaker 5: you know, the Fed's been shrinking its balance sheets since
12:57
Speaker 5: April twenty twenty two. It's it's been a pretty big
13:00
Speaker 5: headwind for market liquidity. The last time we had an
13:04
Speaker 5: end to QT quantitative tightening was September twenty nineteen, and
13:09
Speaker 5: if you look back at that period, the markets really
13:12
Speaker 5: responded well, I think within three weeks rallied more than
13:15
Speaker 5: seventeen percent.
13:17
Speaker 4: Here's what concerned me about a couple of weeks ago
13:20
Speaker 4: Tom with the market's behavior, and that was watching all
13:23
Speaker 4: of the AI high flyers dip and drop and pretty
13:28
Speaker 4: precipitously in some cases, because it looked like the FED
13:30
Speaker 4: wasn't going to cut That raised questions about what was
13:33
Speaker 4: happening in the private markets, and it made me start
13:35
Speaker 4: to wonder, Okay, are we looking at a lot of
13:38
Speaker 4: business models that don't work if the FED doesn't continue
13:41
Speaker 4: to cut rates.
13:42
Speaker 5: Yeah. I think there was a lot a bit of
13:44
Speaker 5: soul searching Becky in November because we know leverage rose,
13:49
Speaker 5: and we know there was deleveraging in some markets like crypto,
13:52
Speaker 5: and we know margin that's high. And I think that
13:56
Speaker 5: there was essentially a reset in November because the market
13:59
Speaker 5: had a six percent decline, but the AI stocks and
14:03
Speaker 5: the meme names and a lot of other names fell
14:05
Speaker 5: even more.
14:06
Speaker 3: So.
14:06
Speaker 5: I think that that position reset has been healthy, and
14:10
Speaker 5: I think many fund managers we talked to in November
14:13
Speaker 5: in the midst of all that kind of threw in
14:14
Speaker 5: the towel. I thought the rest of the year was
14:16
Speaker 5: sort of a write off, and now if December is strong,
14:19
Speaker 5: there's can be a bit of performance chasing, and I
14:22
Speaker 5: think that's what you should typically expect in the final
14:24
Speaker 5: weeks of the year.
14:26
Speaker 1: All right, So that's interesting his statement around performance chasing.
14:29
Speaker 1: I'm looking at Nvidia right now, which has been down
14:32
Speaker 1: from it's high at two oh seven. It's trading out
14:35
Speaker 1: about one seventy nine. Then you've got Meta, which had
14:38
Speaker 1: a pretty big drop coming off it's high back in August,
14:41
Speaker 1: which was around seven ninety, dropping all the way down
14:44
Speaker 1: to six forty where we are right now. Pal Andeer
14:47
Speaker 1: also another drop coming in from two oh seven down
14:50
Speaker 1: to where it's trading today at one sixty seven. So
14:53
Speaker 1: I don't know, but I see Becky kind of pushing
14:55
Speaker 1: back on it sometimes within these major shows, I always
14:58
Speaker 1: won if there's like a good cop, bad cop kind
15:00
Speaker 1: of scenario. So this is getting into a lot of
15:03
Speaker 1: things which are really targeted around bitcoin. This is an
15:07
Speaker 1: interesting analysis right here. Micro strategy creates one point four
15:10
Speaker 1: billion dollar cash reserve. This gets into a lot of
15:13
Speaker 1: scenarios that do and change. I think a little bit
15:17
Speaker 1: of how people look at strategy and if you look
15:20
Speaker 1: at Strategy as a stock it has continued. Let's go
15:22
Speaker 1: over and take a look real quick, just to go
15:24
Speaker 1: on to Master. Right here is Strategy's stock price coming
15:28
Speaker 1: off that high four point fifty seven to where it's
15:31
Speaker 1: trading right now one to sixty five.
15:33
Speaker 2: So this is a.
15:33
Speaker 1: Significant turn of events for micro Strategy, especially with where
15:37
Speaker 1: we are around bitcoin. But the point being is when
15:40
Speaker 1: you look at this breakdown, this of course looked at
15:42
Speaker 1: the company holding six hundred and fifty thousand bitcoin. This
15:46
Speaker 1: is about three percent of Bitcoin's supply that will ever exist.
15:49
Speaker 1: And now the new reserve covers twenty one months of
15:52
Speaker 1: dividend payments. So this is all being done through a
15:55
Speaker 1: variety of instruments that Sailor has been building for some
15:58
Speaker 1: time and he can used to do. Then Peter Schiff
16:02
Speaker 1: came on the offensive saying today is the beginning of
16:04
Speaker 1: the end for Master. Sailor is forced to sell stock,
16:07
Speaker 1: not to buy bitcoin, but to buy US dollars merely
16:10
Speaker 1: to fund Master's interest and dividend obligations that we just outlined,
16:14
Speaker 1: and the stock is broken. The business model is a fraud.
16:16
Speaker 1: Sailor is a bad guy and was one of the
16:19
Speaker 1: biggest out there on Wall Street, So I don't know.
16:21
Speaker 1: The point is is that right now Michael Sailor is
16:25
Speaker 1: defending the position. The real question is is can bitcoin
16:29
Speaker 1: pull out of this because it could bring the entire
16:31
Speaker 1: crypto market with it, or also bring the entire crypto
16:34
Speaker 1: market with it in a downward spend if we see
16:37
Speaker 1: an under seventy k Bitcoin come back. The other thing
16:41
Speaker 1: that's at risk in the market is Tether just dropped
16:44
Speaker 1: their latest reserves report and the numbers are not looking
16:47
Speaker 1: good here if everyone tried to redream redeem USDT at
16:51
Speaker 1: the same time. Right now, Tether is short by about
16:52
Speaker 1: thirty four billion in instant liquidity. Now you look at
16:56
Speaker 1: that Tether, you know, in on paper or it could
17:00
Speaker 1: be a problem because this is looking at assets of
17:03
Speaker 1: one hundred and eighty one billion versus liabilities one hundred
17:05
Speaker 1: and seventy four billion, but they're not fully liquid, so
17:09
Speaker 1: they run pretty much a fractional reserve model like traditional
17:12
Speaker 1: banks to This is not good for stable coins, guys,
17:15
Speaker 1: and it's also one of the reasons that we haven't
17:17
Speaker 1: seen Tether make its way into the US, at least
17:20
Speaker 1: not with USDT. My question is does this put more
17:23
Speaker 1: pressure on tether and create an opportunity for stable coins
17:27
Speaker 1: like pyusd RL, USD Circle obviously with USDC and possibly
17:33
Speaker 1: a handful of other bank tokens that might be coming
17:36
Speaker 1: in in the future. And of course this all gets
17:39
Speaker 1: into stable coin yields and how that potentially could impact
17:44
Speaker 1: the market. Coming up soon more FUD, though tether FUD
17:48
Speaker 1: usually has mark bottoms. This is something to be on
17:51
Speaker 1: the lookout and the watch for right now. Question is,
17:53
Speaker 1: do you guys think that we are entering a bear market?
17:56
Speaker 1: Or have we been in one since a one hundred
17:59
Speaker 1: and twenty six K bitcoin and people just missed it.
18:03
Speaker 1: That's the real question that everybody's asking right now. Remember, guys,
18:07
Speaker 1: we put this in and that was that Sony Group
18:11
Speaker 1: plans to issue US dollar link stable coin. This is
18:15
Speaker 1: going to be payments within the Sony ecosystem. I know
18:18
Speaker 1: a lot of you probably said, wait a minute, didn't
18:19
Speaker 1: you guys talk about that?
18:20
Speaker 6: Yes, we did.
18:21
Speaker 1: We talked about that over a year ago, that eventually
18:24
Speaker 1: this would happen, and of course that is where we are.
18:27
Speaker 1: And remember we also talked about aster over a year
18:30
Speaker 1: ago of where those markets would start to move. Sony
18:32
Speaker 1: stable coin now getting ready to move into the Market's
18:35
Speaker 1: a little slow there for Sony. I think, will the
18:38
Speaker 1: polymarket US go live in twenty twenty five? Yep. Poly
18:41
Speaker 1: Market is now live in the United States, So get ready, guys.
18:45
Speaker 1: This is going to cause a lot of impact, I
18:47
Speaker 1: think in general around the betting community. But more important,
18:50
Speaker 1: I think it's going to probably change the dynamic of
18:53
Speaker 1: some of the market leaders out there. And one of
18:56
Speaker 1: the things you got to look at is how much
18:58
Speaker 1: growth polymarket could have because this could get into a
19:01
Speaker 1: lot of other things, could be like an Nvidia stock
19:04
Speaker 1: if they do go public. And when they do go public,
19:07
Speaker 1: people will start watching it. Here's Shane Copeland breaking down
19:10
Speaker 1: how many people are going to be using this in
19:12
Speaker 1: just five years.
19:12
Speaker 2: Take a look and how accurate is it.
19:15
Speaker 6: It's the most accurate thing we have as mankind right
19:17
Speaker 6: now until someone else creates some sort of super crystal ball.
19:21
Speaker 2: It is not a poll. That's not the function of polymarket, correct.
19:25
Speaker 6: Pally market is trying to predict the outcome. The percentage
19:29
Speaker 6: of people who are going to vote for a candidate
19:32
Speaker 6: is not the same as who's likely to win. And
19:34
Speaker 6: you would look at polymerk and who would say seventy
19:36
Speaker 6: thirty for Trump, and people are like, no way, it's
19:38
Speaker 6: going to be seventy thirty. But he could win by
19:40
Speaker 6: one point. But he's seventy percent likely to win.
19:42
Speaker 2: Which is a different question than pollsters are as exactly.
19:45
Speaker 6: So, the fact that polymerker was able to be the
19:47
Speaker 6: signal through the noise, there was our first step on
19:50
Speaker 6: the scene of mainstream politics.
19:52
Speaker 2: How many people use polymarket today?
19:54
Speaker 6: I mean there's tens of millions of people who are
19:56
Speaker 6: looking at the odds and it's mid hundreds of thousands
19:59
Speaker 6: of people we're trading.
20:00
Speaker 2: But for you, the goal is a billion people. Yeah,
20:03
Speaker 2: So will polymarket reach a billion people in five years? Yes?
20:07
Speaker 6: Or not?
20:08
Speaker 2: It's a great question. What are the odds on it?
20:11
Speaker 2: I love it.
20:13
Speaker 6: A billion people is a lot. There's going to be
20:16
Speaker 6: a lot that we have to get right. The thing
20:17
Speaker 6: that drives me is that there are billions of people
20:20
Speaker 6: who could find value in this, which means until those
20:23
Speaker 6: people have poly market are getting value from poly market.
20:26
Speaker 2: Job's not done.
20:29
Speaker 1: All right, So you can kind of see and he
20:31
Speaker 1: mentioned the success and I think we've touted this as
20:34
Speaker 1: well as this is pretty much the I think it
20:36
Speaker 1: has killed the pole industry, because polymarket pretty much reset
20:41
Speaker 1: the whole standard of how politics are being done. The
20:44
Speaker 1: other area that's going to reset the standard on is sports. Here,
20:47
Speaker 1: of course, is poly market in the sports category right
20:50
Speaker 1: now coming up to number one, much faster than I
20:53
Speaker 1: even thought FanDuel holding number two. Then you get into DraftKings,
20:56
Speaker 1: et cetera. And even if you look at the powerful
20:59
Speaker 1: esp in who had formerly known as ESPN's bet now
21:03
Speaker 1: I think it's called something else. But the point is
21:05
Speaker 1: that's number twenty two in sports. This continues to show
21:09
Speaker 1: the power of where polymarket could go. All of this
21:12
Speaker 1: built around crypto, all of this built around the blockchain.
21:15
Speaker 1: This is why I think we're going to continue to
21:16
Speaker 1: see advancement in technology in that. Speaking of advancement into
21:21
Speaker 1: more institutions, well you got to look at this one.
21:23
Speaker 1: Bit Wise now files their avax ETF. This is going
21:26
Speaker 1: to also include you guessed that staking yields are coming
21:30
Speaker 1: in with this as well. This will be good for avalanche,
21:33
Speaker 1: but I think it's good for the market in general.
21:36
Speaker 1: It puts more people aware of other assets and how
21:39
Speaker 1: you can earn yields on those assets. When you're inside
21:41
Speaker 1: an ETF more power to where these ETFs are moving.
21:45
Speaker 1: But don't forget historically, when November turns red for bitcoin,
21:49
Speaker 1: December almost always follows red too. So I don't know
21:52
Speaker 1: if this is going to line up well for Tom
21:55
Speaker 1: Lee's analysis of a reversal in December, because it's only
22:00
Speaker 1: happened a handful of times over the years, and the
22:02
Speaker 1: question will be how does it do it? Can it
22:05
Speaker 1: do it? Right here? This will be the last time
22:07
Speaker 1: we saw it in twenty seventeen, well in actually twenty
22:10
Speaker 1: twenty three, not a bad year. But for the most
22:13
Speaker 1: part we're kind of ledging our hedging toward a red
22:16
Speaker 1: month coming up. We did a poll real quick after
22:20
Speaker 1: three years of FED three years, will the FED finally
22:24
Speaker 1: n QT today? That's the question. Everybody is also coming
22:27
Speaker 1: in Yes, new incoming high. I kind of thought it
22:30
Speaker 1: would be yes, but a lower high could be up
22:33
Speaker 1: for bitcoin. And of course, if this will all depend
22:36
Speaker 1: on what Palell does tonight. If he comes in with
22:38
Speaker 1: nothing on the meeting, this could send markets barreling down
22:43
Speaker 1: further waiting for the December tenth date, So be on
22:47
Speaker 1: the lookout. December tenth real critical right now? All right,
22:51
Speaker 1: So let's not forget this right here, because this is
22:53
Speaker 1: a big factor right here. The average ETF investor right
22:56
Speaker 1: now is now at a loss as bitcoin price cantin
23:00
Speaker 1: and needs to slide. This could get pretty ugly if
23:03
Speaker 1: we continue to see Bitcoin push downward, because the real
23:07
Speaker 1: question this is a different kind of investor than what
23:10
Speaker 1: we typically see, and in many cases if it's an institutional,
23:13
Speaker 1: they'll take their losses and move. They're watching what's going
23:17
Speaker 1: on with gold, They're watching what's going on with the
23:19
Speaker 1: S and P with silver. Now, all of this pertains
23:22
Speaker 1: to how this market reaction will move. This is a
23:25
Speaker 1: critical critical line in the sand as we get into
23:29
Speaker 1: around eighty three K that could push bitcoin into a
23:33
Speaker 1: bad position overall. As we are filming, let's take a
23:36
Speaker 1: look at bitcoin holding at the eighty four to eight
23:38
Speaker 1: after the big liquidation event overnight, and of course you
23:42
Speaker 1: can kind of see it right there even ethereum same scenario,
23:45
Speaker 1: we're holding at twenty seven hundred, many others out there
23:49
Speaker 1: XRP defending the two dollars mark. Again, this is the
23:53
Speaker 1: kind of scenario, guys, that we have to be watchful
23:55
Speaker 1: for of how this plays out into the markets. So
23:58
Speaker 1: let me know what you guys think always drops some comments.
24:01
Speaker 1: We always love to have that. If you're not in
24:03
Speaker 1: our Private member group, you should be. It's absolutely free
24:06
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24:08
Speaker 1: out there on X at Paul Baron. We'll catch you
24:10
Speaker 1: next time right here on the Paul Baron Show.
24:13
Speaker 2: Thank you,