NOT Priced In?📈Crypto Market Update

Matt Hougan and Tom Lee conclude that if this recent shift in outlook wasn't already priced into their expectations, it's likely not priced into the market for others either. Could Ethereum, Solana, And Uniswap be ready to burst?

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00:00 Intro
00:09 Sponsor: Coinbase
00:50 Yesterday
01:11 CNBC: BoA CEO agrees w/Trump
02:27 Matt Hougan
04:40 The Best Macro trade over the next 10-15 years
05:20 Tom Lee: ETH is having its BTC in 2017 moment
07:05 Tom Lee: ETH flips BTC + price predictions
09:30 Liquid staking
10:00 Uniswap undervalued
11:55 Solana Seeker ships
12:30 Toly: Why would people buy this phone?
14:43 Seeker Season in September
16:50 Outro

#crypto #Ethereum #solana
~NOT Priced In?📈Crypto Market Update~
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Episode Transcript

Speaker 1 (00:00):
Welcome back into the show today. Today we're going to
be diving deep on a lot of market trends that
are starting to break down. You don't want to miss it.
My name is Paul Barron. Let's get started. I do
want to thank our sponsor today, and that of course
is Coinbase. You guys can jump over to coinbase dot com.
It's very easy to do. All you have to do
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(00:23):
you're an individual, doesn't matter. You can set up your
account over there and get started on your own crypto journey.
Make sure and use our link down below. It will
help the channel and we appreciate it. All right, guys,
let's get into Let's get into a couple of things here.
I want to just jump into a few elements that
really are starting to kind of frame where the market
is heading, because we've had kind of a little bit

(00:43):
of an up and down situation all starting in with
of course Trump's call with Squawkbox yesterday. We did a
whole piece on this yesterday. Check that video out. But
of course, the thing about this that's interesting is when
you look at what he was talking about. He was
talking about this whole choke point. I guess three point
zero because this was in reference to the problem he

(01:07):
was having with Bank of America. I want to go
to a clip because this clip actually explains that the
Bank of America takes responsibility. Listen in and your name
came up, and so I wanted to get your reaction
to that.

Speaker 2 (01:23):
I'm telling you, I'm still trying to unsee some of
the visuals that he created with his commentary. But look,
the President's after the right thing, which is the laws,
rules and regulations around our industry became used to cause
things to happen. It's was BSAML, where is KYC, whether
it's reputational risk and you hear Tim Scott quote about it.

Speaker 3 (01:41):
It is right to go look at these rules.

Speaker 2 (01:43):
Because the end of the day, the presidence on the
right issue, which is we've got to stop the regulars
behind the scenes of whip sawing back and forth and
forcing our companies and companies like ours to make decisions
which Congress hasn't passed on or he hasn't passed it.

Speaker 1 (01:56):
All right, So a few things within this. First of all,
that's astounding that the b of a executive would come
in and actually say, yeah, with the President's right on this,
there's a lot of problems within the banking system of
how these things are done. This was a reputational risk thing.
So I had always thought that that was more of
a gut call, and there wasn't really clarification on maybe

(02:20):
a system that's set up for something like that. Maybe
there is, but interesting that they jumped onto that. Our
friend Matt Hogan also came out with this piece right here.
Let me kind of share this for you guys. This
is interesting because within this note he's referencing the SEC
chair's new vision and it's a pretty amazing statement. What

(02:41):
he's getting into. The biggest thing is is that all
this is not priced in. There's a few reasons why
I want to scan the article. Some of the big
deals that he's talking about, of course, is what it
means for besters. If you're in digital assets today, you
probably already know this, but if you're brand new. One
thing that you're going to note three opportunities within this,
and I agree with all three with Matt, and that

(03:03):
is the best approach you're going to see is this
basket sets and this could be everything from Salona eth
Cardono XRP of Avalanche. You get the list there, sweet
near if you're listening on the audio. But the other
things that start to really pay attention to is when
people are not necessarily ready for I guess exposure to

(03:23):
the true digital asset, but are more interested maybe in
the ecosystem. That is where the super apps come in,
and that of course is going to be Coinbase in Robinhood,
both of which are barreling toward a head to head
confrontation because Coinbase has been all on crypto and now
starting to get in token is securities. Robinhood has been
all on securities and now getting into crypto, and they've

(03:45):
continued to grow both of these. Of course, robin Hood
performing much better right now in their earnings, Coinbase having
some struggle even looking at a buyback. The third element
he hits on is define Now. DeFi is a big deal.
UNISWAP was the one he specific mentioned, and the reason
is because it starts to connect the dots outside of
the traditional system. One thing about here is with greater clarity,

(04:09):
we could see a lot of these numbers, especially in
these DeFi platforms, rise considerably, so traditional crypto markets merge.
This opportunity is going to be huge, and I think
that is another thing that people don't pay attention to.
So this is all very bullish, guys. And when you
look at where the market is right now, even though
you know bigcoin's trading back above one point fifteen, we're

(04:30):
starting to see market stabilize a little bit, but we're
still dealing with a lot of issues that face us
into the macro side of things. I'll share some of
that in a second. I want to jump on to
ETH and I would say the super investor that is
out there backing it right now, and that of course
is Tom Lee. Basically says ethereum is the biggest macro
trade over the next ten to fifteen years. That in

(04:53):
itself is huge, guys. For it to be the biggest
macro trade over the next decade two decade and a
half is like you are in the beginning of the
Internet era. And I kind of compare this to what's
happening around the industry for quite some time. And I
think Tom is starting to get the picture here. Now,

(05:15):
how far will ethereum go. Well, there's some big claims here.
I want to go to this next clip from Tom
Lee talking about just that take a look.

Speaker 4 (05:23):
So eventually, I think someone on Twitter made the point
that staking eth for Wall Street is like gamers buying
in video that you would have done better to buy
in vidio as well as be a gamer or be
a gaming company. But because of you know, really how
blockchains work, it is actually that exact idea that Wall

(05:47):
Street is. If they're going to be tokenizing real world
assets from money markets to dollars to stocks, that they're
going to want to own eth itself. But then they
want whoever's staking it to actually be an entity that
is really trying to further the goals of Ethereum. So
I think we really serve an important purpose by staking

(06:08):
etherums had zero down time. That is what matters to
Wall Street. It's also ai right, actually if people go
back to twenty seventeen, because I think Ethereum is having
its Bitcoin twenty seventeen moment this year where Wall Street
is finally getting behind eight. You know, Bitcoin was one
thousand in the early part of twenty seventeen, and it

(06:29):
wasn't until August and then it went straight up, I
mean literally went straight up.

Speaker 1 (06:35):
Tom is very bullish you know he but remember he
has not been an ethereum bull for a while. I
mean he remembered. He started really predicting where bitcoin was
going to be going, and of course we saw ETFs,
then treasury companies kind of force everybody's hand into the
growth of where Bitcoin is today trading over at some
points over one hundred and twenty two K. So all

(06:57):
of what he has believed is now coming true. One
more belief he has, which this one will shock you,
is whether or not Ether will flip Bitcoin.

Speaker 4 (07:08):
Like a look to what he say, I actually think
that there's upside, a bigger upside story to ethereum, because
there's more skepticism. To start with, Bitcoin wasn't necessarily something
people shorted. They just didn't believe it. Wall Street is
not professionally convinced Ethereum is even a surviving chain. I

(07:28):
think the upside case for Ether is actually higher than
let's say Bitcoin to a one hundred x. I think that
that could happen because there is probably a non significant
probability that Ethereum could flip Bitcoin as well. So one
hundred x of Ethereum at this point in time, would
that be about forty trillion where do you see ether
price going and say the end of this year. Well,

(07:50):
I think the near term price people should think about
is etherum getting to four thousand, because ethereum should be
is a better story than it was in December, and
it was fourth December. So just like saying, give it
credit for where it is a year ago versus a
year ago, it should be six thousand. But of course
there is going to be a lot happening between now

(08:12):
and your end, including you know, other ethereuing treasury is
starting to buy ethereum, plus bitcoin goes up, so I
think before by the year end, it's not unreasonable think
seven thousand, even twelve or fifteen thousand could happen.

Speaker 1 (08:27):
All right, So first I want to just say Tom
is the chairman of BM and R, which is a
eath treasury company, So just remember that he is talking
to his own book. I get that, but I think
most investors, due to a certain extent. Now his statement though,
of one hundred eggs, that's an unbelievable number because I

(08:48):
think the first of all, the Internet of value would
have to essentially transfer onto what's happening on eth doesn't
mean that it couldn't, but it is a pretty bold statement,
and I think, of course flipping bitcoin it's another bold statement.

Speaker 3 (09:01):
Also.

Speaker 1 (09:01):
It was a little bit rattled there on year end
of year because when you look at your end of
year seven k, okay, I can kind of go with
a seven K price point for ethereum. I wouldn't say
that I would double that to fifteen k just by
oh it should be there. Now. Sure there are some
indicators because of what's happening in the treasury companies that

(09:22):
it could go that direction. We're going to be watching
this one really closely because the statement is pretty pretty outlandish.
One thing I want to share with you is this
statement here by eleanor Terra, And of course this is
talking about liquid staking and the fact that the SEC
and the Corporate Finance Division has provided some guidance around
liquid staking activity. So all this is good, This is

(09:42):
good for GEDO. We'll probably see other platforms out there
that are doing liquid staking most likely as well, that
are all benefit from this. So that is just another
direction that I think we're going to continue to see,
and so many people don't realize what opportunities are in
front of us right now. I think the other issue
that you have to consider is when you look at

(10:04):
DeFi and you think about how big DeFi truly is,
because most people don't trade on DeFi unless you're in
the crypto space. Right now, many of you are brand
new to our show. Well, let me show you something
right here. This is a tweet. It's kind of interesting
showing the volume of the UNISWAP protocol. This is nearly
forty billion this month. So just step back forty billion

(10:27):
this month, and we have not seen mass adoption. We
have not seen major transition from Wall Street. Everybody's talking
about it, but it hasn't happened, and I think that's
a factor you guys have to look at further into this.
I want to go over to what Matt Hogan said
right here as UNISWAP six billion feels way too small,
and if we're a company, it would be the four

(10:49):
hundredth largest financial services business in the world after it
just did forty billion last month. So think about that,
guys for a second. That is the difference between where
DeFi is going and where it is right now. It
is very very early in this stage. Now, I want
to go to another article that was in here. This
is in reference to the fee switch. This is the

(11:12):
thing that will help UNISWAP, I think, go to the
next level. And what they're talking about is this whole
issue around right there, and that is activating the fee switch.
This is going to mean a portion of those fees
would be shared with investors who own the UNISWAP token.
This is all very good for DeFi and it would
also help solidify what UNISWAP is trying to do. And

(11:33):
I think that's the position you guys have to look
at is when you consider kind of the future of
where digital assets are right now, and you think about
the fact that DeFi has been pretty much excluded from
everything over the past several years, what is this going
to look like in the next twelve months, eighteen months?

Speaker 2 (11:53):
All right?

Speaker 1 (11:54):
So another let me show you this tweet right here.
This is another token or project that's not been priced in.
This is of course being Salana. Those salonas performing dramatically.
But remember that the Seeker is now some lanes can
see pictures of it being arriving, and I think this
is just getting started. We don't even know what is
going to ha It's like the iPhone moment. We did

(12:15):
not when the iPhone hit the market for the very
first time. We did not know or unreally completely realize
what kind of ecosystem it would carry with it and
where and what it's doing today now one of the
biggest ecosystems in the world. I want to go to
a clip real quick, because this is totally talking about
why people would buy this in the first place. Take
a look.

Speaker 3 (12:35):
So there's people that are like so plugged into the
iPhone ecosystem that they can't switch. But you can get
a second device that could be your NFT cryptophone, and
you should have separation between those two because one is financial,
one is not. But a large part of the world
is not stuck in iPhone land and eighty percent of
the mobile sales actually are outside of the US. Like

(12:58):
I think if we if you wait too long, Apple
and Google will eventually add crypt of support, because I
think kind of crypto adoption is inevitable. But until they
added natively, it's an opportunity to kind of create a
bunch Right now seekers at like about one hundred and
fifty thousand pre orders, and that's very like it's a
sizable developer ecosystem. But if it gets to like a

(13:21):
million plus, then I think it's long term sustainable and
then it would be hard to actually disrupt that.

Speaker 1 (13:31):
All right, So two things he says there that are
very important. One, of course, he's talking about the iPhone ecosystem.
I agree with him to a certain extent. The second
phone thing, I think a lot of people are starting
to do that now. However, the one thing that could
save Apple, and I believe Apple is on its you know,
dead men walking phase, is if they did flip on

(13:53):
the switch for crypto, if they truly embraced digital assets,
NFT and web three, that could change Apple in general.
It also could help adopt Apple globally because the crypto
universe is so much bigger than the United States. But
at the same time, when you look at yes, what
totally said is the iPhone ecosystem outside the US very small.

(14:16):
But think about the amount of money that funnels through
these iPhones in the US largest trade market. Why Trump
setting over here with all these big tariff winds, because
everybody wants to hit the US market. It's where all
of the money is being generated from. That would be
the only challenge. Solana has one big thing they've got
to do. They got to get to a million sales.

(14:37):
That's the thing. Now. The way they can do that
is maybe through air drops. Listen to this clip and
you'll under.

Speaker 5 (14:45):
See a bunch of bunk. There are a bunch of
examples on Saga where we saw a very consistent pattern.
Developer teams wanted to get the attention of Saga users.
They saw value in them, and they could trust that
they were real users with real phones, and so it
was worthwhile to them to offer things like incentives and rewards,
programs and boosts and exclusives and so a seeker. One

(15:06):
of the things that we're keeping alive from Saga is
that concept through what we call Secret Season. So starting
in September, there's going to be a whole bunch of
teams on a weekly basis bringing something new, something exclusive
to the DAPT Store, whether it's a totally new app
that hasn't launched anywhere else, or a set of features
or a set of rewards. We're excited to kind of

(15:28):
carry that traditional live and formalize it even further.

Speaker 1 (15:33):
All right, So that's good. I think the fact that
we'll see more defil or more adapts being developed is
a huge thing. I just hope it does not go
the way of the operating systems that tried to challenge
you know, the powers that be, you know, in the
mid nineties and the two thousands, when you look at Linux,
a boon to many others that attempted to try to

(15:55):
overtake the powers. Mobile is a much bigger issue. The
key here is you've got to have something that draws
people in. This is a real shift in finance. It's
a real shift in technology. All of this. Interestingly enough,
and why I believe it's so much bigger than even
the Internet is this is the first major metal wave

(16:17):
that has occurred in the finance industry. We have not
seen this kind of innovation ever in the entire history
of finance. So you could look back and social and say, well,
that was kind of a cultural event mobile, yeah a
little bit, but we had mobile. Then you can go
back and say, well we had a lot in e commerce, Well, yeah,
but we didn't have the Internet. So the thing is

(16:37):
is that what we are facing right now, I think
is a massive shift because it applies to finance more
than anything. And we are going to be doing a
video tomorrow, so you guys stick around. If you haven't
subscribed to the Show. It's going to be all about
tariffs and a lot of new information coming in on
earnings that will surprise you in a big way. So
if you haven't subscribed to it right now, if you're

(17:00):
not in the Diamond Circle, make sure and get in
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Click the link down below and follow me out there
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The Paul Baron Show.