Episode Transcript
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Speaker 1 (00:00):
Let's get into it today. XRP is going to be
on the front of the show. You guys don't want
to miss it. My name is Paul Barren. Welcome back
into the show.
Speaker 2 (00:06):
Let's go at it.
Speaker 1 (00:07):
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(00:28):
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(00:48):
All right, I want to bring back mister Evan aldough In.
We're going to chart some tokens today. Great to see you.
Speaker 3 (00:54):
How are you doing? Fantastic? Man, It's a fun market
right now.
Speaker 1 (01:00):
Are popping a lot of news. Just so everybody knows.
Evan and I agreed to do an all coin portfolio
for you. We will show it at the end of
the video. I will say this, Evan has some good
picks in there, so stay around for that. Let's get
into the top of the news right now. That, of course,
is the SEC and Ripple officially into their legal battle
(01:21):
following the joint dismissal of appeals, also a reduction of
the fines.
Speaker 2 (01:26):
They're going to put some more back in the treasury.
This is huge news.
Speaker 1 (01:30):
XRP immediately responded, etf odds go skyrocketing. Tell me what
you think is going to happen right now with XRP.
Speaker 2 (01:38):
What's the chart looking like?
Speaker 3 (01:40):
It looks really good, Paul. So let's get our XRP
right here and the main trajectory that we're on. I
think we could follow the thing I like here over
on the two day. Is you got your VWOP coming up?
Get a nice green dots. What's crossing a zero line?
Your money flow looks good and I mean, as you
can see the last time compared to here. You know,
you got quite a bit ways to go, so it's
kind of really shaping up to a trajectory of hopefully
(02:02):
within you know, a couple of weeks getting up to
this four dollars, you know, four dollars twenty to four
dollars fifty mark, and then eventually to end a year,
six dollars is the big mark that I'm hopefully looking for.
And if we can hold three thirty, you know, your
techno target is right around yeah, I mean this pocket.
So this pocket seems pretty likely for the next couple
(02:22):
of weeks. I would expect some type of consolidations and
a pullback over here, maybe a red September or something.
But until then, let's just be excited because it's looking
really good. Your money flows great in this hour. Everything
looks good.
Speaker 1 (02:34):
So yeah, one thing to consider around these, uh, these
catalysts that happen obviously the news yesterday, big catalysts. How
many people are looking at it going over four K.
We're going to chart that for you guys. But this
ETF watch is what I'm more interested in.
Speaker 2 (02:50):
You know.
Speaker 1 (02:51):
The numbers of course skyrocketed on poly market. We are
now seeing upwards of ninety percent probability. I've talked to
several analysts right now the likelihood is going to happen.
We've got all these good things happening for XRP, and
the fact that we've got a lot of different people
out there that are going in this direction, whether it's
bit Wise, Canary twenty one Shares, there's quite a.
Speaker 2 (03:12):
Few that are active.
Speaker 1 (03:13):
We even had the van k or talk to the
van X team before as well, so it's definitely something
I think that is potentially the next step for XRP
to maybe take.
Speaker 2 (03:25):
Another leg up.
Speaker 1 (03:26):
One thing is also playing into XARP. I want to
play a clip for you, Evan. This is Caitlin Long
about the banking license with Ripple.
Speaker 2 (03:34):
Take a look it is.
Speaker 1 (03:35):
It frustrating to see all these other companies potentially leapfrogging
the process and you've been in this sort of limbo,
as it were, for five years.
Speaker 4 (03:44):
I mean, Ripple bought a company called Standard Trust Company.
Under the law, you have to be a pository institution
if you're state chartered, and they're not, and the banks
will definitely sue over that one. I expect they put
in a fed Master kind of application in March. It was
reported that they did it in June. I wasn't sure
when Ripple said that it had applied in June. The
(04:06):
data shows that they applied in March. If there were
justice then, and if there were rule of law, then
we wouldn't be in this situation. They're all trying to
copy the business model that we had.
Speaker 1 (04:17):
Okay, Sometimes companies are just too early. You know, I've
been in industries many times. It's not that they're wrong,
it's just they were too early. Timing is everything when
it comes to this, and I think it's just the
situation that has happened around Ripple, what's happened with the administration.
Speaker 2 (04:33):
Unfortunately, it looks you know.
Speaker 1 (04:34):
I think it's a little salty for many of these
people coming out and futting many of these companies who
are going to get banking license going forward. That'll be
another catalyst, I think for the next leg. Let's talk
a little bit about this. That is, David Sachs two
important executive orders relevant to the crypto community. One was
the Fair Banking for All Americans. Big deal. This will
(04:56):
continue to push more, I think people into crypto because
now they're going to say, hey, yeah, it's safe fully safe,
no more worries, and then also access to alternative assets
in investment accounts four o one case. What do you
make of this right now? People being able to put
bitcoin eight in four to one case?
Speaker 2 (05:14):
Do you like this? Evan Well?
Speaker 3 (05:17):
I mean for pro crypto who doesn't like that possibility?
You know, it's obviously bullish and all this info is,
you know, very bullish on the macro. I mean, does this,
you know, bring us up to new highs? Do we
need this news to hit one hundred and fifty k
bitcoin or seven eight k? No? But for the long
term it is very good news. I like it.
Speaker 2 (05:37):
Well.
Speaker 1 (05:37):
I think some people would look at it this is
the professionalization of crypto because now if you're going into
structured capital, four to one k's the amount of money
that's in that space right now in terms of being
able to turn on the spickett. I think it's also
still a very conservative investor, and that would probably be
(05:57):
the difference. The fact that it's available is great because
there are people out there much younger that are looking
at a little bit more aggressive, you know, because with
your four one k you can go aggressive, moderate, you know,
very conservative. So maybe we'll see that in the aggressive portfolios.
Moving into that, when you look at let's look at
Bitcoin versus XRP, I want to see if that trade
(06:20):
makes sense right now in comparison, how would you how
would you chart that?
Speaker 3 (06:25):
Yeah, let's take a look. That's an interesting one to
look at. You know a lot of the bigcoin pairs here,
and if we look at XRP versus bigcoin. Now, the
first thing that is nice is that you have been
doing very well since June, you know, very upward and
really very well since November of twenty four So, yeah,
that's a big thing here. And if we zoom out
(06:45):
just a little bit here, this was a big place
that you know, I'm marked out here now if you
go real zoom out, Yeah, it hasn't done since the
January highs, not too well. But I think he got
a good shot of breaking upward from this area and
getting back close to at least close to our January
twenty eighteen highs against bitcoins. So essentially this would be
(07:08):
a one to two hundred out performance of bitcoin. I
could see. You probably need a six dollar XRP for that,
in my opinion, first dollars, it's absolutely possible.
Speaker 2 (07:16):
Yeah, Well, and may that may happen.
Speaker 1 (07:18):
I think with these catalysts kind of looming in, you've
got the banking license likely to get done, whether it's
early next year or late this year. You also have
the ETF to possibly move it in that direction.
Speaker 2 (07:28):
Let's go to ETH real quick.
Speaker 1 (07:30):
Obviously ETH, well, not obvious, but ETH now hitting the
four K mark a very psychological number. Evan, you and
I have talked about this number for quite some time.
My belief is that this is going to be short lived.
We may see a little waffling here, but I anticipate
we're going to see a much more aggressive Ethereum. What's
your opinion right now on ETH in terms of.
Speaker 3 (07:49):
The chart, Yeah, hundred percent. I mean the chart would
tell you kind of and I mean, if you watch
this enough, you're just like it's got to break through
at some point. First thing that I'm looking at here
is really it's kind d of like a certain type
of Wykeoff pattern. Like normally you see Wyckoff with the
bottoming up. This is more of the opposite Wyckoff. And
you get these one, two, three, and then these four
(08:10):
kind of tops here. Usually the fourth one you eventually
break upward and this would bring you to a target
right around my big goal seventy three hundred. Hopefully you
see that October the earliest, December the latest, somewhere in
that period. The other thing we can look at too
is just look at this nice continuation sign over here
on the two day vwop coming up. Money flow still good.
(08:32):
You could stay in the money flow for a while
in previous times. I mean right here is where you went.
You had a nice run up in twenty twenty four.
You also had a nice run up here, and you
know later last year. So easily should be able to,
you know, repeat something of this nature. I would hope
for in oops and get up to yeah, into September
(08:54):
fifty five hundred. You know, I think you can make
a new all time high maybe within a few weeks
here that four nine hundred mark. I mean, these moves
could happen quickly.
Speaker 1 (09:02):
So yeah, what about trading against bitcoin right now, because
many people are trying to figure out what asset do
they go into in comparison to bitcoin right now? You
look at the amount of shorts that were liquidated just
in the past sixty minutes. I mean this was a
pretty significant amount. We'll probably see more starting to be
liquidated around forty one hundred. What about ethan Bitcoin trading
(09:24):
against each other.
Speaker 3 (09:27):
It's it's been bullish, oh yeah, e versus Bitcoin. I
think it's kind of a no brainer to go into
ethereum right now. It's kind of you've seen, you know,
the first macro thing is you had this nice bottom
here in the the monthly here that was in May,
and you've been upward ever since. You know, similar trajectories,
same bottom, similar area that we saw in twenty eighteen.
So in all likelihood, you should be able to perform
(09:49):
Bitcoin into a few more months by at least sixty
percent here I see here, so you know, another techno
target here out of this place, breaking upward would bring
you a least up to point oh four here, which
would be another thirty six percent upward. I think ETH
will perform bigcoin at least until October or probably into
the end of the year. So very bullish on this evaluation.
(10:11):
I think it's kind of a no brainer right now
that ETH will continue to do better against Bigwin, especially
with monetary policy and your see first rate cuts coming.
Speaker 1 (10:18):
Back, yeah, September. I'm guessing rate cuts for sure, based
on our job situation. We're going to get into that
real quick. But before I go into a clip from Trump,
you look at the trade in the market right now,
whether that would be ETH or XRP. Someone's jumping into
the market, maybe they're watching the show for the first time,
which if you're not subscribed, make sure and subscribe right now.
(10:42):
Would you play the XRP card or would you play
the ETH card today?
Speaker 3 (10:49):
I mean it's if you think we're going to see
an all coin season, like an official all coin season
that we haven't seen since twenty twenty one, the answer
would be XRP. I think that you may have to
wait to see XRP outperform ETH for a few more weeks,
maybe officially wait till September even for that monetary policy.
(11:11):
But if you look at Ethereum versus other now I
have it right here. It topped out in the first
cycle August to twenty one, so we're almost there. So
if you want to play that card, I mean, potentially
it could be it could be an XRP thing. If
you look at XRP versus so XRP versus Eth, though
(11:32):
that's a little bit you're rejecting. From that point so
it's tough to say. I do think that XRP will
bleed a little bit more against eth, maybe for another
few weeks, maybe for a month. So yeah.
Speaker 1 (11:42):
One thing though, to consider is the macro effect, because
there's many people that are looking at the jobs data,
We're looking at the rate cut potential. This is all
going to affect real estate. Then you're getting into a
global macro effect with the ECB as well as you
know banks around the world and cut rates. I want
to play a clip for you because this is Trump
(12:03):
on the jobs data. This will I don't know if
you guys will understand completely. I'll explain in a minute.
But take a look at this.
Speaker 5 (12:09):
I saw this today.
Speaker 6 (12:12):
I'd like to esteem maybe to discuss a few of
these numbers that were just released.
Speaker 5 (12:17):
I mean literally just released.
Speaker 6 (12:19):
I called the President because I had some very good
news from some new data that we've been able to
put together. He did the right thing in calling for
a new head of the Bureau of Labor Statistics. That's
a gigantic error.
Speaker 5 (12:31):
I don't think it's an error. I think they did
it purposely.
Speaker 3 (12:33):
You may well be right.
Speaker 6 (12:36):
We have access to some data that no one else
does and this is based on unpublished Census Bureau data
is already up and seventy four dollars.
Speaker 5 (12:46):
That's an incredible number just came out. And if I
would have said this, nobody would.
Speaker 6 (12:50):
Have believed there is there's your number, and that compares
with Joe Biden. So, mister President, you gained ten times
more income for the average family than Joe Biden. Is
because of your policies.
Speaker 7 (13:02):
If it had not been for COVID, these numbers would
have been substantially better. But now we were almost eight
thousand until look at that number. For the red is
President Trump, the blue was President Biden. It was President
Trump that reduced incoming quality.
Speaker 5 (13:15):
These numbers just came out.
Speaker 3 (13:16):
By the way, you.
Speaker 6 (13:17):
Can see every income group did better under Trump than Biden.
Speaker 3 (13:21):
That's the sort.
Speaker 5 (13:22):
This is great, all new numbers.
Speaker 1 (13:37):
Okay, guys, you know you can tell the kind of
editors here, right. But the point I'm getting at here
does this even matter anymore? Does this stuff even matter?
We're getting jumble data coming from all places, from the
bureaucrats that are out there running this thing.
Speaker 2 (13:54):
Does it even matter?
Speaker 1 (13:55):
Do you just need to stick our head down and
invest in digital assets, anything that you think is going
to hit the market here, Evan.
Speaker 3 (14:03):
I don't know. I feel like watching that it makes
you want to get more. I think the unemployment's going higher,
which would make me think monetary policy is going to
print more money, which would be theoretically good for digital assets,
I think at this point, I mean, but the gig
economy and everything, unemployment numbers are kind of.
Speaker 2 (14:19):
Just a little mushy at best. Yeah, yeah, a little
mushy at best.
Speaker 1 (14:23):
Well, And I think that's the issue. Whether you believe
it or you don't believe it, one thing it is
going to affect, and that is how the Fed's going
to react, because if you look at what's happening on
Bank of England, they already cut three times in twenty
twenty five. Now they're are analysts calling for a fifty
basis points. I've been out there on Twitter talking about
that very same thing. I still believe July should have
been the cut, but it's too late for that. We
(14:45):
are now dealing with a situation. Do you think we're
going to see a quarter point or do you think
we'll cut in September?
Speaker 2 (14:52):
Do you think we're going to.
Speaker 3 (14:53):
Cut I'm a numbers guy. I would go with the
betting odds they're very high of at twenty five basis cuts,
so I think we would need something major to happen
to change that. So odds of them cutting I think
at least eighty ninety percent fifty basis points possible, but
I think we would need s and P. Five hundred
to really pull back in that amount of time, which
(15:15):
I don't think will happen.
Speaker 1 (15:18):
Yeah, and I think that's the issue right now. This
is an interesting analysis on how the market might respond
to this, because even if we don't get cuts in September,
we get cuts that are maybe a little bit different.
Speaker 2 (15:31):
The FED power.
Speaker 1 (15:33):
Their power lies in the ability to control interest rates
as well as expanding and reduce the balance sheet.
Speaker 2 (15:37):
Okay, no problem.
Speaker 1 (15:38):
However, the main source of power simple is their ability
to provide guidance. And if we get into a scenario
where there is a shadow chair, meaning that there's a
positioning within the governors that will essentially eventually be the
ones who are going to cut for this administration, do
you think that the market is already pricing in this
(16:02):
phantom FED chair.
Speaker 3 (16:05):
To a certain extent, Yes, but you don't know who
the FED chair is. Going to do exactly what everyone
thinks he's going to do. I mean, people thought Howell
would have cut rates a ton more by now, and
he hasn't. I mean, it's hard to predict exactly what
someone's need to do like that, So I think everything
gets factored into a certain extent, but there's always variables
(16:25):
and depending on how some in p. Five hundred does,
depending on inflation numbers, there's so many things moving parts.
Speaker 1 (16:31):
So only yes, I think I'm on the sense that
the market is already pricing in some of these potential
cuts and that they're looking at the phantom fed chair.
As forward thinking is this is still going to be
a positive market going forward. But I am a little
bit skeptical as to whether or not we start to
see a market correction. And what I mean by that
(16:53):
is real estate considerably overpriced, even with the fact that
we have high interest rates. How that responds to or
interest rates will be interesting to watch, which could push
us into a different macroeconomic situation in twenty twenty six,
which will keep you guys.
Speaker 2 (17:09):
Abreast of all that. Let's talk about Swee.
Speaker 1 (17:12):
SWEE has gone Swiss bank grade level now, so they're
fully integrated into signums regulated banking platform. This is going
to be everything from custody, trading, staking, treasury services for
institutional clients. All this now big deal for the Sweet network.
When you look at SWEE right now, because it's been
(17:33):
trading up and it's one of our picks, has been
for quite some time, would you go into suite right
now or would you let it run?
Speaker 3 (17:42):
Yeah? I mean if I already own SWEE at this point,
I would pray just keep it as a whole, because
I'm looking for these higher numbers. I mean, it's been
how much I had. It looks really good right now.
So if I had a small, very small position, maybe
I would definitely add a little bit to it. Reverse
head and shoulders, very traditional, would tell you that you've
got a good shot of hitting my eventual high target
(18:03):
at seven dollars fifty cents, so a little under a
double at least. And I mean, if all goes well,
I could see this at ten dollars, I could see
this as a ten dollars coin. So yeah, I mean
looks really good. Overall. Macro looks good. A little consolidation here,
but I think you should generally be bullish. So yeah, all.
Speaker 1 (18:22):
Right, all right, well good, I like it bullish on suite.
Do you like a price point by end of year?
Speaker 3 (18:29):
The ten dollars is seven to ten dollars, Yeah, this
is seven dollars. I think is very likely ten dollars.
You'd need everything to kind of go over there.
Speaker 2 (18:37):
Yeah, come into play.
Speaker 1 (18:40):
Well, they've got a lot of announcements that they're going
to be coming up. We're going to have a Suite
and Missed in Labs team on I think next week
to talk about, you know, some of the advancements. So
hopefully we'll be able to break that out for you
guys to give you guys some insights on what's going
on on that platform.
Speaker 2 (18:55):
Hey, listen, we put.
Speaker 1 (18:56):
Together Evan and I put together a all coin portfolio,
and this was something that we decided to do and
I said, Evan, I'm gonna bet on you, and I said,
I'll put one hundred thousand into this portfolio.
Speaker 2 (19:10):
This is what we built.
Speaker 1 (19:12):
So we went back and forth on quite a few
but primarily this is where we are right now. The
whole portfolio is up around three point eight percent right
now in the twenty four But I'm going to go
into some of these your position right now, twenty percent
holding on Ethereum is our lead dog. Then, of course
we have Solana Arbitram, and I want you to tell
(19:34):
me which one of these you want to chart. So
I've got Solana Arbitram Injective Avalanche, which we also put
in this, and I'll show you guys the blend in
the portfolio here in a second. Then we go to
Tao link Ave Jupiter, which was a conversation Evan and
I had about that Pudgie Penguins, which I added to
the portfolio.
Speaker 2 (19:53):
Evan did not call that one.
Speaker 1 (19:54):
So if it, if it tanks, it's my fault. Uniswap
hadera car donno ono Swie. And then near in Chronos. Okay,
we've got Chronos in there as well. So this is
the portfolio as it is right now. We may add
to this. I'm going to see how it does in
a minute, and then I may go take a loan
(20:14):
out on my bitcoin and put it into this portfolio
right here. So Evan, out of those right now, our performer,
of course is e th right now, that's the top dog.
Speaker 2 (20:26):
If we look at.
Speaker 1 (20:26):
Our percentages right here, just give you guys, I'll zoom
in on that for you, and you can kind of
see there's our mix twenty percent on e Salona's holding
it about eight and a half arbitrum injective avalanche. We're
sharing this again, this is not financial advice, guys. This
is what Evan and I do. We kind of work
on this thing together. But we're going to see how
(20:49):
this plays out in all coin season. We may add
some to it. What do you want to chart out
of this list?
Speaker 3 (20:55):
Oh Man, Evacs, Shane Link or the two that great
Shaine Link. If we break up ord on chain Link,
which I think we are our next target for this
double bottom here, would bring us all the way back
up to thirty dollars. I think chain Link's at least
a thirty dollars coin. If you could break them up there,
then you're kind of up with all time highs up
to fifty dollars. Then towards the end of year eighty dollars.
(21:18):
Macro looks really good. So my main guest here, my
main view is that educated guests, I should say something
along these lines, and it could be very quickly. I'm
looking at fifty bucks like a two to three two
to three x at least if things go really well
at eighty dollars. You know, I want to show you
Avax real quick too. This one I think is easily
(21:39):
a thirty dollars coint as well in the portfolio. So
you know, a lot of potential for both of these
right here.
Speaker 1 (21:45):
So yeah, all right, and Evan, if Chanelink hits fifty,
are we selling it?
Speaker 3 (21:52):
It depends what month it's in October maybe if it's
next week.
Speaker 1 (21:57):
No, okay, So we're going to be doing this portfolio
as we go, and we'll announce our sales here on
the show what we're doing. If we can do it,
we may do it in the week. Sometimes Evan's not
on here till the end of the week, you know,
for market position, we may do that in the in
the middle of the week. Again, this is not financial advice. No,
we're not telling you to go out and buy these
(22:18):
all coins. Okay, this is absolutely not doing it. In fact,
you will get wrecked if you do this.
Speaker 2 (22:24):
I'm willing to lose this.
Speaker 1 (22:25):
This is my this is my bet on all dough
as my one of my guys I trust out there
when it comes to trading.
Speaker 3 (22:32):
All Colly, I don't think you're of course.
Speaker 1 (22:36):
Yeah, of course, anything can happen. This is an investment
that could go. All right, guys, there you heard it.
We're gonna break it all down for you if you're not.
First of all, if you haven't visited Evan's channel, go
over there Evan aldough Over on YouTube over twenty thousand.
Speaker 2 (22:51):
We have done it. He is there. We are going.
We're going to our next level. All right.
Speaker 1 (22:56):
We need twenty one thousand, so we're not asking for
a lot, guys, we just need another eight hundred subscribers
right here, right now.
Speaker 2 (23:02):
Thanks again for coming in, Evan. It's been great seeing you.
Speaker 3 (23:04):
Take care, Thanks so much. Paul always an honor. Thank
you so much.
Speaker 2 (23:07):
You bet all right.
Speaker 1 (23:08):
So you guys, if you're not in the Diamond Circle,
get into that right now. It's our own private group.
It's an email that we send out to you, has
more research, a lot of that. And also you can
join our telegram group. We leave a link always down there.
There's only one, so don't get scammed. And I think
there's all kinds of different ones. There's one telegram group.
And of course follow me on x at Paul Baron.
I'll catch you next time right here on the Paul
(23:28):
Baron Show thanks,