Market Selloff Incoming?
https://www.youtube.com/watch?v=u8nmGGO-EWU
Language: en | ASR: large-v3-turbo @ 0a363e9161cbc7ed1431c9597a8ceaf0c4f78fcf

[00:00:00.000 --> 00:00:03.740] Speaker 1: Let's get into the market today. We're going to be breaking down everything like Bitcoin,
[00:00:03.980 --> 00:00:09.140] Speaker 1: the AI trade. Is it time to do it? And we'll also take a look at some of the breaking news.
[00:00:09.280 --> 00:00:13.880] Speaker 1: We've got things coming in from XRP, from Circle, Ethereum. In general, I think what we're
[00:00:13.880 --> 00:00:18.600] Speaker 1: seeing in the market right now is maybe a little bit of a stall. The question is, does this
[00:00:18.600 --> 00:00:22.920] Speaker 1: perform by the end of the year? We'll break into all that good stuff with Evan Aldo, who's
[00:00:22.920 --> 00:00:26.940] Speaker 1: going to be joining me here in a moment. Before we get started on that, I do want to, of
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[00:01:11.140 --> 00:01:16.180] Speaker 1: Robinhood. Let's go into it today. And I want to start off with Evan and look at the market
[00:01:16.180 --> 00:01:21.560] Speaker 1: in the sense of whether or not we are in the right trade or not. So I want to welcome in
[00:01:21.560 --> 00:01:22.960] Speaker 1: Mr. Evan Aldo. How are you, Evan?
[00:01:23.140 --> 00:01:25.320] Speaker 2: Doing well. Doing well. Always great talking to you, Paul.
[00:01:25.320 --> 00:01:30.700] Speaker 1: All right. So the right trade is the question. You could look at many people saying, hey,
[00:01:30.780 --> 00:01:37.160] Speaker 1: listen, I'm always looking at diversifying or maybe people are looking at pure narrative
[00:01:37.160 --> 00:01:42.500] Speaker 1: trades. And if you've been in the AI narrative trade, if you look at the S &P 500, you can
[00:01:42.500 --> 00:01:48.440] Speaker 1: kind of see we have been nothing but up for the most part over since March. So when you
[00:01:48.440 --> 00:01:53.520] Speaker 1: look at the AI narrative in general, Evan, what's your current position right now? Are you
[00:01:53.520 --> 00:01:57.440] Speaker 1: still diversified into stocks and crypto and what else?
[00:01:57.660 --> 00:02:03.920] Speaker 2: So I don't have too much exposure to AI right now. My view is that Bitcoin potentially
[00:02:03.920 --> 00:02:08.660] Speaker 2: would outperform or more very likely would outperform AI in general in the second half of
[00:02:08.660 --> 00:02:13.020] Speaker 2: this year. and potentially over the next two years because Bitcoin has been so depressed
[00:02:13.020 --> 00:02:19.240] Speaker 2: against NVIDIA. It was down about 94%, I think, against NVIDIA as of June 31st. So that was
[00:02:19.240 --> 00:02:25.000] Speaker 2: my consensus. I am still pretty heavy Bitcoin. I have Ethereum. I took some partial profits
[00:02:25.000 --> 00:02:29.700] Speaker 2: on some of the riskier crypto plays because we've jumped up a lot and I was up 100 % on
[00:02:29.700 --> 00:02:33.760] Speaker 2: certain proxies and certain things. And then I converted a lot of those over into XLE,
[00:02:33.920 --> 00:02:39.000] Speaker 2: which is the energy ETF and oil, which i thought that oil and energy would outperform
[00:02:39.000 --> 00:02:44.200] Speaker 2: bitcoin and ai potentially from october to the end of the year that's why i made that trade
[00:02:44.200 --> 00:02:49.040] Speaker 2: and so far that's been doing well now i'm planning on converting that back over to crypto
[00:02:49.040 --> 00:02:53.180] Speaker 2: you know when the time may be right that may be as soon as a few weeks up to a few months
[00:02:53.180 --> 00:02:56.180] Speaker 2: depending on how the momentum plays out so yeah
[00:02:56.180 --> 00:03:02.500] Speaker 1: you've got the u .s issuing fresh iranian related sanctions so this could be a scenario
[00:03:02.500 --> 00:03:08.140] Speaker 1: right now where we could see the energy stocks and oil in general continue to move. Are
[00:03:08.140 --> 00:03:13.700] Speaker 1: there other stocks that you've seen within the energy sector? I know this is the ETF side,
[00:03:13.820 --> 00:03:17.420] Speaker 1: but what about getting just direct exposure, something like a Bloom Energy or something of
[00:03:17.420 --> 00:03:17.860] Speaker 1: that nature?
[00:03:18.600 --> 00:03:22.920] Speaker 2: Yeah, there's a few, definitely. I mean, you know, the big ones like ExxonMobil, there's
[00:03:22.920 --> 00:03:26.440] Speaker 2: the Occidental Petroleum one. I think that's done pretty well. That's the one Berkshire
[00:03:26.440 --> 00:03:29.660] Speaker 2: Hathaway owns. So there's definitely a few, yeah.
[00:03:29.920 --> 00:03:36.660] Speaker 1: Okay, so let's take a quick look at Bitcoin. on your chart and first of all give me an
[00:03:36.660 --> 00:03:41.340] Speaker 1: insight because we saw this start to slide down it looked like it was going to lose 80k
[00:03:41.340 --> 00:03:45.460] Speaker 1: were you at all worried that we could see a sub 80k bitcoin
[00:03:46.100 --> 00:03:51.360] Speaker 2: yeah i think we probably will just based on seasonality and healthy corrections but that's
[00:03:51.360 --> 00:03:55.080] Speaker 2: not like that the worst thing in the world generally around this time that midterm kind of
[00:03:55.080 --> 00:03:59.380] Speaker 2: correction thing usually you see at least you know 10 to 20 usually it's somewhere between
[00:03:59.380 --> 00:04:05.180] Speaker 2: 10 and 20%. So 20%, which I would say probably your worst case scenario, shy of something
[00:04:05.180 --> 00:04:11.740] Speaker 2: crazy happening is price 69K. Um, you could skate by with, you know, 74K mid seventies and
[00:04:11.740 --> 00:04:16.380] Speaker 2: all likelihood you probably do come lower. And I would say the thing that would, and again,
[00:04:16.460 --> 00:04:19.960] Speaker 2: I mean, I think Bitcoin's still at a pretty good price, 82K. I mean, I wouldn't sell my
[00:04:19.960 --> 00:04:24.460] Speaker 2: Bitcoin, I'm not selling my Bitcoin here, but I think that you may get kind of some trigger
[00:04:24.460 --> 00:04:29.200] Speaker 2: waves or something on the two day, similar to kind of what you saw back here so you may
[00:04:29.200 --> 00:04:36.000] Speaker 2: come down a bit more into midterms and then into maybe end of year 92k or quarter one next
[00:04:36.000 --> 00:04:40.760] Speaker 2: year so something like this kind of the healthy correction area um is i think you know the
[00:04:40.760 --> 00:04:44.920] Speaker 2: kind of the most likely scenario so some consolidation nothing too too bad so yeah
[00:04:44.920 --> 00:04:51.740] Speaker 1: okay on that uh point with bitcoin you've got a customer or people out
[00:04:51.740 --> 00:04:56.180] Speaker 1: there right now that are considering maybe buying bitcoin for the first time time is this
[00:04:56.180 --> 00:05:01.440] Speaker 1: the place to buy it right now or do you feel like we could see something closer to this
[00:05:01.440 --> 00:05:06.620] Speaker 1: midterm election that could push Bitcoin lower to where it could create another entry
[00:05:06.620 --> 00:05:06.920] Speaker 1: point?
[00:05:08.300 --> 00:05:12.920] Speaker 2: Yeah I mean I think if you're you know the type of people that don't have any Bitcoin right
[00:05:12.920 --> 00:05:17.940] Speaker 2: now I think it's kind of foolish to try to wait I would at least try to kind of DCA right
[00:05:17.940 --> 00:05:22.380] Speaker 2: now in all likelihood you will see you know something's a little bit lower than where we
[00:05:22.380 --> 00:05:27.860] Speaker 2: are right now but keep in mind you know if you're somebody who is you know waiting at 60k
[00:05:27.860 --> 00:05:32.240] Speaker 2: and didn't get in when you know we were at peak you know extreme fear and all those things
[00:05:32.240 --> 00:05:38.280] Speaker 2: and now you're waiting now like it's kind of like you know the 60k area was pretty obvious
[00:05:38.280 --> 00:05:43.280] Speaker 2: the low 60s was pretty obvious if you're looking at fear and greed in history now is still
[00:05:43.280 --> 00:05:48.900] Speaker 2: a good place so dcaing from now until end of year makes a lot of sense especially if
[00:05:48.900 --> 00:05:53.260] Speaker 2: quarter four has more weakness as it typically does in these midterm election years.
[00:05:54.100 --> 00:06:00.700] Speaker 1: Before we get into Ethereum, I want to take a look at this right here because I think this
[00:06:00.700 --> 00:06:06.440] Speaker 1: might surprise people a little bit. And that is what's going on with Tom Lee because this
[00:06:06.440 --> 00:06:13.060] Speaker 1: guy just will not stop. He is absolutely, I mean, come on, 5 ,000. He's still calling for 5
[00:06:13.060 --> 00:06:19.980] Speaker 1: ,000 end of year on ETH. Now chart ETH for me and tell me this makes
[00:06:19.980 --> 00:06:21.580] Speaker 1: sense to you. or does it?
[00:06:21.920 --> 00:06:26.920] Speaker 2: Yeah, he makes sailors sound very bearish here. I mean, yeah, you know, in all likelihood,
[00:06:26.920 --> 00:06:30.320] Speaker 2: you do your typical kind of correction. I mean, I guess there's a possibility we could
[00:06:30.320 --> 00:06:36.080] Speaker 2: skate by with a $2 ,300 bottom, but I think somewhere between $2 ,000 to $2 ,100, you
[00:06:36.080 --> 00:06:39.480] Speaker 2: probably hit these areas. And then into the end of the year, hopefully recovering back to
[00:06:39.480 --> 00:06:43.460] Speaker 2: where we are right now. Maybe $3 ,000, you know, something like that would be kind of more
[00:06:43.460 --> 00:06:47.540] Speaker 2: realistic. I don't know where Tom Lee really comes up with these numbers. Didn't you say
[00:06:47.540 --> 00:06:50.940] Speaker 2: $50 ,000 the other week? It feels like they change a bit well
[00:06:50.940 --> 00:06:57.940] Speaker 1: no it's no he his long -term outlook is 50k on e uh which i'm still trying to put my
[00:06:57.940 --> 00:07:03.420] Speaker 1: head around the other well part of it is within fundstrap but i think his listen he's
[00:07:03.420 --> 00:07:06.960] Speaker 1: talking his book for many of you guys that are brand new to crypto and maybe watching our
[00:07:06.960 --> 00:07:13.800] Speaker 1: show for the first time just understand that bmr is nearing in on five percent of the
[00:07:13.800 --> 00:07:18.660] Speaker 1: supply of Ethereum. When that occurs, and he's even gone on record saying that they're
[00:07:18.660 --> 00:07:21.940] Speaker 1: going to stop buying and they're going to continue to just earn performance, I think
[00:07:21.940 --> 00:07:26.040] Speaker 1: they're going to start shifting into some other tokens, probably something like Solana and
[00:07:26.040 --> 00:07:29.820] Speaker 1: a handful of others. But Evan, I want to play this video for you real quick because this is
[00:07:29.820 --> 00:07:35.700] Speaker 1: essentially where I think he is looking at the market in general, but you'll understand
[00:07:35.700 --> 00:07:37.580] Speaker 1: maybe his thesis behind this. Here we go.
[00:07:38.400 --> 00:07:44.040] Speaker 3: Yes. Good morning, Joe. That's right. I think going into last week's job support, the
[00:07:44.040 --> 00:07:49.460] Speaker 3: market had been working with a maximum hawkish Fed, one that was going to raise three
[00:07:49.460 --> 00:07:55.960] Speaker 3: times, including a 75 % chance of an October hike. This jobs report has been softer.
[00:07:57.040 --> 00:08:02.840] Speaker 3: We get an inflation report in two weeks for September. It does, in our view,
[00:08:03.460 --> 00:08:08.300] Speaker 3: we believe there's these one -offs rolling off. And so I think there's, over the next six
[00:08:08.300 --> 00:08:13.420] Speaker 3: months, softer readings on inflation. And that allows not only the Fed to kind of walk
[00:08:13.420 --> 00:08:14.640] Speaker 3: back, from its hawkishness,
[00:08:14.760 --> 00:08:15.280] Speaker 1: but
[00:08:15.280 --> 00:08:17.920] Speaker 3: I think it's going to allow bond yields to actually sort of.
[00:08:18.360 --> 00:08:23.920] Speaker 1: I want to stop it right there because he said softer inflation over the next six months.
[00:08:24.180 --> 00:08:29.480] Speaker 1: Are you in that camp of that we could see softer inflation in the next six months?
[00:08:30.860 --> 00:08:37.240] Speaker 2: Yeah, probably, probably. I do think your yields are getting ready to start to finally head
[00:08:37.240 --> 00:08:38.760] Speaker 2: down a little bit. It
[00:08:38.760 --> 00:08:45.660] Speaker 1: would make sense. Look at the 30 -year there, 5 .6, 10 -year holding at 5 .283 and
[00:08:45.660 --> 00:08:49.760] Speaker 1: the five -year at 5 .057. So,
[00:08:50.160 --> 00:08:50.620] Speaker 2: I
[00:08:50.620 --> 00:08:55.380] Speaker 1: mean, this would, I talked to Rebecca Walzer yesterday and she, you know, off camera, her
[00:08:55.380 --> 00:09:00.280] Speaker 1: and I were kind of going back and forth and she said a lot of investors are now looking at
[00:09:00.280 --> 00:09:05.640] Speaker 1: these bonds as an alternative. The problem, and she pulled this out in the episode we did
[00:09:05.640 --> 00:09:10.680] Speaker 1: yesterday that I think a lot of people miss. If you don't take that bond to maturity, you
[00:09:10.680 --> 00:09:15.960] Speaker 1: end up losing money on these deals rather than if you're out there trading in the market.
[00:09:16.160 --> 00:09:22.060] Speaker 1: So just be aware of that. If this is a rotation going into bonds versus maybe holding into
[00:09:22.060 --> 00:09:29.060] Speaker 1: other assets, including risk, be very careful with that. Now, with him saying that is
[00:09:29.060 --> 00:09:34.140] Speaker 1: that inflation could get softer, you think it can. Listen to the rest of this. Here we go.
[00:09:34.140 --> 00:09:40.980] Speaker 3: normalized because the inflation sort of uncertainty starts to ease. And I think
[00:09:40.980 --> 00:09:46.060] Speaker 3: there's a lot of clues because I think tech stocks making new highs and crypto doing so
[00:09:46.060 --> 00:09:51.300] Speaker 3: well, these can't do well in the face of tightening monetary conditions. So I think that
[00:09:51.300 --> 00:09:53.960] Speaker 3: they're anticipating easier financial conditions ahead.
[00:09:54.180 --> 00:09:59.360] Speaker 4: So you're reading the tea leaves in different markets for what's going on. That would be
[00:09:59.360 --> 00:10:04.340] Speaker 4: significant, Tom. So when you said yields will normalize what do you think of normal yield
[00:10:04.340 --> 00:10:09.740] Speaker 1: all right so yields are going to normalize uh he's basically saying this is going to be a
[00:10:09.740 --> 00:10:14.200] Speaker 1: little bit less pressure from the fed and it looks like right now there's going to be a no
[00:10:14.200 --> 00:10:18.840] Speaker 1: change coming this month in october how much of an impact do you think that has on crypto
[00:10:18.840 --> 00:10:19.980] Speaker 1: broader markets
[00:10:19.980 --> 00:10:25.060] Speaker 2: so a lot of times when you see a change or a change from what they've been doing it's the
[00:10:25.060 --> 00:10:29.440] Speaker 2: last one they obviously raised if you see a no change i think that's going to be bearish i
[00:10:29.440 --> 00:10:32.220] Speaker 2: don't think it's going to be as bullish as people think i think it could be bearish
[00:10:32.220 --> 00:10:37.880] Speaker 2: temporarily like until after midterms maybe a month based on seasonality nothing too bad
[00:10:37.880 --> 00:10:42.500] Speaker 2: like i said i'm not that bearish i mean i think they're going to go to 69k maybe retest the
[00:10:42.500 --> 00:10:47.260] Speaker 2: weekly 200 which would be in the high 60s low 70s by the time we hit that something like
[00:10:47.260 --> 00:10:52.500] Speaker 2: that you likely would see trad fi cool off a little bit too you could see a five to ten
[00:10:52.500 --> 00:10:56.840] Speaker 2: percent correction for the s &p 500 between now and end of year it would make sense with
[00:10:56.840 --> 00:11:01.420] Speaker 2: seasonality and And then I think once you get to quarter four or the FOMC meeting after
[00:11:01.420 --> 00:11:07.780] Speaker 2: October's FOMC meeting, then you could start to recover and see more upsides. Well,
[00:11:07.840 --> 00:11:12.680] Speaker 1: you look at the general market. Charles Schwab just rolled out Bitcoin and ETH for trading
[00:11:12.680 --> 00:11:17.860] Speaker 1: with 40 million clients. 40 million clients, guys. Just think about that for a second.
[00:11:18.360 --> 00:11:24.220] Speaker 1: Their fees on crypto are going to be 0 .75 % per trade. That's fairly competitive.
[00:11:25.140 --> 00:11:31.180] Speaker 1: and here's the other thing they've got plans to add solana avalanche chain link this year
[00:11:31.180 --> 00:11:35.820] Speaker 1: so by end of year you're going to be able to trade any one of those solana avalanche a
[00:11:35.820 --> 00:11:40.460] Speaker 1: chain link bitcoin eth which is pretty big deal because even if you compare that to other
[00:11:40.460 --> 00:11:45.340] Speaker 1: trad fi exchanges out there something like a fidelity this has been very competitive i
[00:11:45.340 --> 00:11:49.860] Speaker 1: think in the sense of the market in general do you not think evan that that is going to
[00:11:49.860 --> 00:11:55.020] Speaker 1: draw in more traditional finance people into crypto and start to move the market
[00:11:55.020 --> 00:12:00.800] Speaker 2: yeah it probably december december and then quarter one definitely for the next couple
[00:12:00.800 --> 00:12:03.500] Speaker 2: weeks next month probably not too much
[00:12:03.500 --> 00:12:04.400] Speaker 1: okay i
[00:12:04.400 --> 00:12:04.780] Speaker 2: would say
[00:12:04.780 --> 00:12:09.580] Speaker 1: when you look at okay so let's chart e for a second because this is and i want to i want to
[00:12:09.580 --> 00:12:16.380] Speaker 1: go past year end here here we are mid -october uh you're basically 75 days out
[00:12:16.380 --> 00:12:22.960] Speaker 1: when you look at ethereum in general where do you point this year end and q1 now
[00:12:22.960 --> 00:12:29.680] Speaker 2: so yeah year end i would say well i would say temporarily like from now to
[00:12:29.680 --> 00:12:34.500] Speaker 2: midterms a little bit lower we could get away with this bottom year end probably where we
[00:12:34.500 --> 00:12:39.300] Speaker 2: are right now for lucky maybe 3 000 now here's where it gets interesting quarter one
[00:12:39.300 --> 00:12:46.060] Speaker 2: quarter two hopefully 4 000 i'm looking at some big you know kind of upside. 4 ,000
[00:12:46.060 --> 00:12:50.100] Speaker 2: could be our quarter one February, March, if we're lucky. I
[00:12:50.100 --> 00:12:50.500] Speaker 1: think
[00:12:50.500 --> 00:12:51.980] Speaker 2: 2027 is going to be a good year.
[00:12:52.260 --> 00:12:57.140] Speaker 1: What's your thesis for that right now? Because you have Paul Tudor Jones calling for a
[00:12:57.140 --> 00:13:03.400] Speaker 1: really bad 2027. Now, granted, he's talking about TradFi markets. You have Tom Lee saying
[00:13:03.400 --> 00:13:08.820] Speaker 1: we're going to get the biggest face -ripping bull run we've ever seen. What's your thesis
[00:13:08.820 --> 00:13:12.560] Speaker 1: on why ETH could see a new high in Q1?
[00:13:13.560 --> 00:13:17.860] Speaker 2: So seasonality, number one, once you get through that correction, then the fundamentals are
[00:13:17.860 --> 00:13:20.840] Speaker 2: pretty good on ETH, you know, like you mentioned, Schwab and a lot of money potentially
[00:13:20.840 --> 00:13:25.320] Speaker 2: going into it. So those two things. Also, I mean, usually those are two different extremes.
[00:13:25.500 --> 00:13:29.180] Speaker 2: You know, Tom Lee, that's extreme bullish. Walter Jones, that's, you know, very big. Like,
[00:13:29.200 --> 00:13:32.720] Speaker 2: it's usually somewhere in the middle. Like, it's usually bullish, but not as crazy as, you
[00:13:32.720 --> 00:13:33.680] Speaker 2: know, people think. So
[00:13:33.680 --> 00:13:34.280] Speaker 1: that
[00:13:34.280 --> 00:13:36.640] Speaker 2: would be the main consensus, I would think. Yeah.
[00:13:37.300 --> 00:13:44.300] Speaker 1: Let's do a round of potential tokens for people. One I want to take a
[00:13:44.300 --> 00:13:50.500] Speaker 1: look at has been Uniswap. This is a trade we've been in and out of, but Uniswap has pulled
[00:13:50.500 --> 00:13:57.380] Speaker 1: back here recently. You look at Uniswap holding at 740 right now. This thing was
[00:13:57.380 --> 00:14:03.160] Speaker 1: trading above 10 bucks, had spiked up to what was almost, what was it? Yeah, just a little,
[00:14:03.320 --> 00:14:08.860] Speaker 1: almost $11. dollars is this a trade you would make right now would you make a uniswap trade
[00:14:08.860 --> 00:14:09.200] Speaker 1: today
[00:14:11.060 --> 00:14:15.700] Speaker 2: uh potentially you know i'm waiting probably i'd probably give it a few more weeks the
[00:14:15.700 --> 00:14:20.660] Speaker 2: thing that i'm waiting for is kind of this two day right here so see this trigger wave that
[00:14:20.660 --> 00:14:24.860] Speaker 2: formed this momentum wave you know kind of a momentum shift and we saw right here and that
[00:14:24.860 --> 00:14:28.720] Speaker 2: was a big jump up after this correction so we could have gotten away you know this is
[00:14:28.720 --> 00:14:33.400] Speaker 2: enough where we could have potentially hit a bottom best case scenario 36 that's cheaper
[00:14:33.400 --> 00:14:37.920] Speaker 2: you know for somebody who likes uniswap this makes sense i would be a little bit more
[00:14:37.920 --> 00:14:42.520] Speaker 2: inclined to wait till this vwap starts to come up give it a few more more weeks of momentum
[00:14:42.520 --> 00:14:46.720] Speaker 2: potentially around the beginning of november around midterms so maybe you get one more
[00:14:46.720 --> 00:14:51.240] Speaker 2: little drop down or something then you continue forward but no i think i think this is good
[00:14:51.240 --> 00:14:53.920] Speaker 2: pretty good discount yeah i think this is pretty good
[00:14:53.920 --> 00:15:00.660] Speaker 1: okay Okay. We talked about the AI trade earlier, near protocol, hitting all -time high or
[00:15:00.660 --> 00:15:07.500] Speaker 1: most recently, now trading at about $5 .25. And it's been somewhat sideways here
[00:15:07.500 --> 00:15:13.660] Speaker 1: over the past few days. Is this something that you would continue to hold if you were
[00:15:13.660 --> 00:15:18.380] Speaker 1: holding near? Because we hold near right now. So this is more for me. do you hold near
[00:15:18.380 --> 00:15:25.140] Speaker 1: right here or do you look at an exit take some profit and um maybe move along where would
[00:15:25.140 --> 00:15:26.700] Speaker 1: you where would you play near right now
[00:15:26.700 --> 00:15:31.120] Speaker 2: yeah it's definitely a hold and i think crypto in general is definitely a hold right now
[00:15:31.120 --> 00:15:34.420] Speaker 2: you're still at a significant discount for anything that's got good fundamentals i mean
[00:15:34.420 --> 00:15:37.320] Speaker 2: let's look at this i mean you're still significantly below the all -time high of twenty
[00:15:37.320 --> 00:15:40.200] Speaker 1: dollars yeah almost nine bucks a
[00:15:40.200 --> 00:15:46.980] Speaker 2: long time ago um but yeah i mean short term it's likely you see some type of correction
[00:15:46.980 --> 00:15:51.620] Speaker 2: maybe down to four bucks or something of that nature probably nothing too too bad though um
[00:15:51.620 --> 00:15:56.540] Speaker 2: just based on seasonality a lot of things you are losing some momentum so i mean i would be
[00:15:56.540 --> 00:16:01.040] Speaker 2: more inclined to look for maybe an entry down here and that same thing it's you know
[00:16:01.040 --> 00:16:06.500] Speaker 2: similar on a lot of these time frames once you get kind of an anchor wave once you lose
[00:16:06.500 --> 00:16:11.760] Speaker 2: momentum on the two day which you likely will over the next month or something they get a
[00:16:11.760 --> 00:16:16.360] Speaker 2: trigger wave coming up like this that's when things start to look a lot better especially
[00:16:16.360 --> 00:16:23.340] Speaker 2: if you were to come down maybe high threes and then that's your quarter for correction and
[00:16:23.340 --> 00:16:26.400] Speaker 2: then you kind of recover into the year early next year so yeah
[00:16:26.400 --> 00:16:33.320] Speaker 1: okay well with that being the case you you have two things that could happen one
[00:16:33.320 --> 00:16:39.380] Speaker 1: we could see a major ai reversal trade that could impact some of the ai cryptos and we
[00:16:39.380 --> 00:16:45.740] Speaker 1: could see bitcoin e solana pop off in general uh did you hear solana got their event
[00:16:45.740 --> 00:16:48.180] Speaker 1: canceled in in china did
[00:16:48.180 --> 00:16:48.300] Speaker 2: you
[00:16:48.300 --> 00:16:48.660] Speaker 1: see that
[00:16:48.660 --> 00:16:52.020] Speaker 2: did yeah that a little weird but i don't know so well they
[00:16:52.020 --> 00:16:56.620] Speaker 1: launched and then they took over a building or i don't know how they did it but uh
[00:16:56.620 --> 00:17:01.500] Speaker 1: brilliant marketing on solana's part but at the same time uh the chinese These officials
[00:17:01.500 --> 00:17:07.780] Speaker 1: came in and shut it down, which was not surprising. You know, CZ was even commenting on
[00:17:07.780 --> 00:17:08.480] Speaker 1: this. I don't know.
[00:17:08.820 --> 00:17:09.140] Speaker 2: I
[00:17:09.140 --> 00:17:14.760] Speaker 1: wonder if he, huh, that's interesting because he kind of called it out that he, BNB,
[00:17:14.960 --> 00:17:20.840] Speaker 1: Binance, was not able to get something like that done and that he was surprised that Solana
[00:17:20.840 --> 00:17:26.020] Speaker 1: was able to. But you got break point coming up next month in November. What about Solana?
[00:17:26.140 --> 00:17:30.520] Speaker 1: Let's take a look there. Give me a year -end price for a Solana. Right now it is on the
[00:17:30.520 --> 00:17:34.620] Speaker 1: move. back up reclaiming i think 105 yeah
[00:17:34.620 --> 00:17:39.700] Speaker 2: i mean best case scenario here for your year in price probably 140 if things go really well
[00:17:39.700 --> 00:17:44.160] Speaker 2: 140 to 150 if things go really well this is looks stronger than some other things because
[00:17:44.160 --> 00:17:48.860] Speaker 2: you have a similar situation here yeah you have that jump up so if the same things happens
[00:17:48.860 --> 00:17:53.960] Speaker 2: you're looking at 150 now based on what we normally see in these midterm election years you
[00:17:53.960 --> 00:17:59.560] Speaker 2: know there's a decent shot you could come down in 97 again potentially coming down in 90 um
[00:17:59.560 --> 00:18:04.280] Speaker 2: all that would do is probably delay the inevitable getting back up to 150 these areas you
[00:18:04.280 --> 00:18:07.920] Speaker 2: know instead of by any year it's probably quarter one or quarter two of next year um you
[00:18:07.920 --> 00:18:12.300] Speaker 2: know more extended out if that does happen so i think one of these two scenarios is more
[00:18:12.300 --> 00:18:18.100] Speaker 2: likely based on seasonality and kind of what we're seeing you know probably you correct a
[00:18:18.100 --> 00:18:22.360] Speaker 2: little bit more at least and then you kind of recover so i mean in the grand scheme of
[00:18:22.360 --> 00:18:28.280] Speaker 2: things great buy here at $100 obviously heavily discounted I mean so yeah it looks good
[00:18:28.280 --> 00:18:28.620] Speaker 2: overall
[00:18:28.620 --> 00:18:35.400] Speaker 1: what is your pick for this bull run if you're looking your and I only want
[00:18:35.400 --> 00:18:41.360] Speaker 1: two altcoins I know you're going to pick ETH and Bitcoin so throw those out two altcoins
[00:18:41.360 --> 00:18:43.100] Speaker 1: what's your picks for this bull run
[00:18:44.820 --> 00:18:49.640] Speaker 2: Solana could be one of them and if you look at ETH Solana versus ETH that's what came to my
[00:18:49.640 --> 00:18:54.740] Speaker 2: mind it's been outperforming ethereum so as long as you hold these lows here i do think
[00:18:54.740 --> 00:19:01.500] Speaker 2: solana can make can be a big huge huge player here um in terms of another all coin oh
[00:19:01.500 --> 00:19:07.800] Speaker 2: man i'm trying to think trying to think here uh maybe maybe chain link
[00:19:07.800 --> 00:19:08.660] Speaker 2: all
[00:19:08.660 --> 00:19:09.280] Speaker 1: right all right
[00:19:09.280 --> 00:19:14.660] Speaker 2: maybe um that's one i've kept my eye on as long as you can hold 11 i would you know be
[00:19:14.660 --> 00:19:17.360] Speaker 2: optimistic on this so maybe Maybe
[00:19:17.360 --> 00:19:23.620] Speaker 1: my I have to I still think Uniswap and Jupiter are going to end up
[00:19:23.620 --> 00:19:29.380] Speaker 1: being major plays in this neck. Now, those are, you know, considerably different, you know,
[00:19:29.860 --> 00:19:36.100] Speaker 1: market caps than what we're talking about in the top 10. But I'm still holding positions in
[00:19:36.100 --> 00:19:41.380] Speaker 1: both those tokens, and I like both of what they're doing, you know, from an ecosystem
[00:19:41.380 --> 00:19:45.720] Speaker 1: standpoint. But more importantly, what I like is the fact that we are seeing real
[00:19:45.720 --> 00:19:51.480] Speaker 1: advancement in both of the apps, which is going to increase adoption, I think. Uniswap
[00:19:51.480 --> 00:19:58.220] Speaker 1: obviously picking up on the ETH bandwidth or ecosystem, and then, of course, Jupyter within
[00:19:58.220 --> 00:20:04.780] Speaker 1: Solana. Both those, I think, could be doing very well for sure. uh let's talk about this
[00:20:04.780 --> 00:20:11.680] Speaker 1: right here and that is the cross river deal with ripple so cross
[00:20:11.680 --> 00:20:16.740] Speaker 1: river bank and everybody remembers this is one of the you know crypto friendly banks out
[00:20:16.740 --> 00:20:23.520] Speaker 1: there but they're now embedding ripple uh rl usd ripple's usd stable coin on the xrp ledger
[00:20:23.520 --> 00:20:29.680] Speaker 1: into its core banking infrastructure which is expanding faster payment now i know many of
[00:20:29.680 --> 00:20:36.180] Speaker 1: you guys say well paul you just did a video that said, you know, XRPL is not getting
[00:20:36.180 --> 00:20:43.120] Speaker 1: adopted. And, you know, to this point, it still is not. These deals that they're making
[00:20:43.120 --> 00:20:49.760] Speaker 1: are great for, I think, Ripple and maybe long term, definitely as we start to see adoption
[00:20:49.760 --> 00:20:55.020] Speaker 1: happening. The real question is how long before that occurs when we actually start to see
[00:20:55.020 --> 00:21:00.020] Speaker 1: transactions coming in. Because when you look at the RLUSD stablecoin, we haven't seen a
[00:21:00.020 --> 00:21:05.640] Speaker 1: lot of growth in it. And that has been the concern I've had. I love to see these kind of
[00:21:05.640 --> 00:21:12.400] Speaker 1: things, but what does that do to the XRP price right now? Remember, Ripple's still holding
[00:21:12.400 --> 00:21:19.300] Speaker 1: a ton of XRP and they divest a certain amount every so often. So you just have to
[00:21:19.300 --> 00:21:24.760] Speaker 1: look at the amount that they're starting to sell, obviously to fund operations and
[00:21:24.760 --> 00:21:31.760] Speaker 1: acquisitions and partnerships like this right here. XRP, chart XRP right now and give
[00:21:31.760 --> 00:21:33.780] Speaker 1: me a point by end of year.
[00:21:34.980 --> 00:21:40.940] Speaker 2: Yeah, I'd love to. So XRP looks better than a lot of things right now. You're making a
[00:21:40.940 --> 00:21:46.400] Speaker 2: higher low right here. That looks pretty good. Your daily has some potential. Your daily
[00:21:46.400 --> 00:21:51.260] Speaker 2: has some potential. And even if you do, I mean, I don't think you're going to go back to
[00:21:51.260 --> 00:21:54.500] Speaker 2: that 114 here. Even if you do go a little bit lower here, it's probably going to be some
[00:21:54.500 --> 00:21:59.720] Speaker 2: type of double bottom and your two day is going to save you. So, I mean, end of year, it's
[00:21:59.720 --> 00:22:06.020] Speaker 2: tough to say exactly, maybe $1 .50, maybe $1 .60. I don't think you're in a breakup to, you
[00:22:06.020 --> 00:22:09.340] Speaker 2: know, $2 by the end of the year. I think that's more of a quarter one, quarter two type
[00:22:09.340 --> 00:22:12.880] Speaker 2: thing, but I think if all goes well, $1 .60 potentially.
[00:22:13.140 --> 00:22:20.060] Speaker 1: So, okay. Well, that'd be a pretty big reversal, you know, for XRP. granted if you were
[00:22:20.060 --> 00:22:26.900] Speaker 1: looking at xrp you know for the bull run you know in potential of playing
[00:22:26.900 --> 00:22:32.060] Speaker 1: it as one of your primary tokens or let's say your top five where would you say it's
[00:22:32.060 --> 00:22:38.760] Speaker 1: possible for xrp to go do you think it reclaims its uh all -time high here in the next six
[00:22:38.760 --> 00:22:40.300] Speaker 1: months into 2027
[00:22:40.300 --> 00:22:47.140] Speaker 2: uh so next yeah into 2027 let's see how much that is i mean it's not impossible
[00:22:47.140 --> 00:22:51.260] Speaker 2: no because Cause that's only, you know, a little over, you know, 160%. That's not
[00:22:51.260 --> 00:22:56.880] Speaker 2: impossible. So, you know, you would see an upward trajectory in 2027. You see a complete
[00:22:56.880 --> 00:23:02.020] Speaker 2: upward trajectory, you know, it's probably not going to be as crazy as over here, but you
[00:23:02.020 --> 00:23:07.500] Speaker 2: know, like a situation like that, that's not surprising. And that would be, you know, from
[00:23:07.500 --> 00:23:11.780] Speaker 2: where we are right now, that would be early 28. So something like that. I mean, probably
[00:23:11.780 --> 00:23:13.000] Speaker 2: not an all time high.
[00:23:13.300 --> 00:23:13.520] Speaker 1: Yeah.
[00:23:13.740 --> 00:23:18.060] Speaker 2: That's more of a quarter four thing, early 2028 type thing. It would probably take a little
[00:23:18.060 --> 00:23:24.100] Speaker 2: bit of time. So, yeah, but I think it could, you know, I would say 240 is definitely a
[00:23:24.100 --> 00:23:28.220] Speaker 2: great goal for, you know, next year, almost a double in the next 12 months. I think that's
[00:23:28.220 --> 00:23:32.680] Speaker 2: a good goal. If all goes well, I mean, this thing does, this thing moves weirdly. This
[00:23:32.680 --> 00:23:37.580] Speaker 2: thing moves crazy at points. So this one's a tough one to predict. I mean, I wouldn't put
[00:23:37.580 --> 00:23:40.540] Speaker 2: it, I wouldn't put anything past XRP. Well,
[00:23:40.660 --> 00:23:46.340] Speaker 1: think of it this way, too, because they launched support for institutions now on real world
[00:23:46.340 --> 00:23:52.980] Speaker 1: asset perpetual swaps. If we see major institutions going in that direction,
[00:23:53.220 --> 00:23:58.680] Speaker 1: which I think we will in 2027, and especially now, because remember, I think it's October
[00:23:58.680 --> 00:24:05.240] Speaker 1: 20th that the SEC ends its era for basically open
[00:24:05.240 --> 00:24:10.660] Speaker 1: comment on many of the rules that it's citing right now. Once that occurs here in next
[00:24:10.660 --> 00:24:16.420] Speaker 1: week, I think you're going to see some big announcements coming from all sorts of
[00:24:16.420 --> 00:24:20.740] Speaker 1: blockchain projects out there, because I think at that point, everybody will understand,
[00:24:20.900 --> 00:24:24.600] Speaker 1: OK, this is the this these are the rules we're playing by and they're going to start
[00:24:24.600 --> 00:24:30.080] Speaker 1: launching some projects. And you look at perpetual swaps on the institutional level, this
[00:24:30.080 --> 00:24:35.400] Speaker 1: could be, I think one was out there, it was called Virtu, which is trading on RWA swaps.
[00:24:37.180 --> 00:24:40.400] Speaker 1: That's in a position, I think, that could really get going because you're talking about
[00:24:40.400 --> 00:24:47.200] Speaker 1: ETFs, metals, energy, FX. This could be everything. So pretty crazy stuff. And that could
[00:24:47.200 --> 00:24:54.200] Speaker 1: definitely affect, obviously, the future of XRP. Another thing that could affect the future
[00:24:54.200 --> 00:25:00.280] Speaker 1: of crypto in general is what's happening right now in the banking system. And when you look
[00:25:00.280 --> 00:25:05.440] Speaker 1: at the banking system, one of the things that I look at, look outside the U .S., okay? And
[00:25:05.440 --> 00:25:10.800] Speaker 1: I want to show you guys this news right here, which is Deutsche Bank. Deutsche is now
[00:25:10.800 --> 00:25:17.560] Speaker 1: preparing for crypto custody, and they're going after Asia. so when you look at
[00:25:17.560 --> 00:25:22.720] Speaker 1: asia being the market here you're in asia you know what's going on over there
[00:25:22.720 --> 00:25:23.420] Speaker 2: yep
[00:25:23.420 --> 00:25:30.160] Speaker 1: how do you think asia gets into a position where it becomes the mecca for crypto
[00:25:30.160 --> 00:25:32.220] Speaker 1: instead probably
[00:25:32.220 --> 00:25:39.020] Speaker 2: you know it's gonna it's gonna take time but because the population is
[00:25:39.020 --> 00:25:45.020] Speaker 2: so large in asia it's 60 % of the world's population is in Asia, basically. So because it's
[00:25:45.020 --> 00:25:49.240] Speaker 2: so high and they're getting there. I mean, a lot of these, I know it's illegal in China,
[00:25:49.380 --> 00:25:52.960] Speaker 2: but a lot of the main cities in China are completely cashless. They're completely
[00:25:52.960 --> 00:25:57.080] Speaker 2: electronic payments. So it's getting there. And a lot of these other, even countries like
[00:25:57.080 --> 00:26:01.800] Speaker 2: Thailand, they're taking initiatives to pay electronically. So I think it will be within
[00:26:01.800 --> 00:26:06.660] Speaker 2: the next 20 years. That's just based on population and based on obviously the east is
[00:26:06.660 --> 00:26:07.500] Speaker 2: trending upward.
[00:26:07.840 --> 00:26:08.060] Speaker 1: I
[00:26:08.060 --> 00:26:12.780] Speaker 2: hate to say it, the west is not declining. The east is trending upward in the last 20
[00:26:12.780 --> 00:26:17.020] Speaker 2: years. Unless that trend changes significantly, Asia is going to be the neck of crypto,
[00:26:17.180 --> 00:26:17.340] Speaker 2: yes.
[00:26:17.540 --> 00:26:22.220] Speaker 1: It's going to be a major, well, that's why we're seeing so much activity in Japan, Hong
[00:26:22.220 --> 00:26:28.800] Speaker 1: Kong, this, of course, happening in Bangkok, which is absolutely on fire. Okay, so
[00:26:29.240 --> 00:26:33.420] Speaker 1: you've had a chance to talk to people in Asia and many countries. How many countries have
[00:26:33.420 --> 00:26:34.180] Speaker 1: you been to in Asia?
[00:26:34.340 --> 00:26:38.260] Speaker 2: I've been to quite a few, at least five, six, seven. I don't know the exact. Yeah, I've
[00:26:38.260 --> 00:26:38.800] Speaker 2: been to quite a few.
[00:26:38.960 --> 00:26:45.140] Speaker 1: What is the street level narrative on crypto right now or their temperature? Is it very
[00:26:45.140 --> 00:26:50.540] Speaker 1: positive? Would you call it neutral? They look at it as this is the future. Where do you
[00:26:50.540 --> 00:26:51.340] Speaker 1: think they stand?
[00:26:51.500 --> 00:26:57.280] Speaker 2: They're positive on it, man. Definitely positive. You see the BYD electric cars all over.
[00:26:57.620 --> 00:27:02.720] Speaker 2: Sometimes you'll have a taxi driver that's looking at a damn chart on his on his byd car on
[00:27:02.720 --> 00:27:09.220] Speaker 2: your your three dollar uber your three dollar grab ride so yes i i think overall they're
[00:27:09.220 --> 00:27:13.180] Speaker 2: they're they're on board they're on board i think man you know obviously a lot of people
[00:27:13.180 --> 00:27:17.360] Speaker 2: don't have the means to be buying crypto unfortunately a lot of the developing countries
[00:27:17.360 --> 00:27:21.360] Speaker 2: but i i think the people that do have the means they're they're on board yeah
[00:27:21.360 --> 00:27:25.900] Speaker 1: well that that has always been my question is is what is the affluency level when you look
[00:27:25.900 --> 00:27:31.020] Speaker 1: at the number of millionaires that are being printed in the United States every day. That
[00:27:31.020 --> 00:27:36.200] Speaker 1: is millionaires that are going into the market. And those are instrumental, I think, in
[00:27:36.200 --> 00:27:42.360] Speaker 1: terms of adoption and growth. We don't see those kinds of numbers coming out of Asia, the
[00:27:42.360 --> 00:27:47.420] Speaker 1: Middle East, even Europe to a certain extent. The United States leads in terms of printing
[00:27:47.420 --> 00:27:52.340] Speaker 1: millionaires. So I guess the key there is it's just gonna be pure population is what you're
[00:27:52.340 --> 00:27:52.560] Speaker 1: saying.
[00:27:52.700 --> 00:27:57.520] Speaker 2: I think it's population. And I think a lot of the millionaires in the US are mainly because
[00:27:57.520 --> 00:28:02.060] Speaker 2: the stock market's done so well. It's a lot of middle -aged people. And I think the younger
[00:28:02.060 --> 00:28:07.060] Speaker 2: generations, because if you look at younger generations in the U .S., they overall did not
[00:28:07.060 --> 00:28:11.380] Speaker 2: have the opportunities that their parents had. It's the complete opposite in China,
[00:28:11.600 --> 00:28:17.440] Speaker 2: Vietnam, really everywhere in Asia. The younger generations had much more opportunity and a
[00:28:17.440 --> 00:28:21.300] Speaker 2: much better life overall than their parents' generation. So I think those younger
[00:28:21.300 --> 00:28:26.120] Speaker 2: generations, I think Asia's really gonna develop a lot. And I think those younger
[00:28:26.120 --> 00:28:30.440] Speaker 2: generations are going to put money into crypto and those things. And yeah,
[00:28:30.680 --> 00:28:36.540] Speaker 1: Evan, let's take a look at Circle. Circle is now pushing into, speaking of new markets, 40
[00:28:36.540 --> 00:28:43.420] Speaker 1: new markets. This is a big deal because it starts to pretty much translate to USDC
[00:28:43.420 --> 00:28:49.840] Speaker 1: becoming a global currency, in essence, and pushing U .S. Treasuries, which would support
[00:28:49.840 --> 00:28:55.380] Speaker 1: the dollar. if you look at circle it's been doing great on the charts but is this a stock
[00:28:55.380 --> 00:28:59.200] Speaker 1: you would go into right now would it would this be the one for you
[00:28:59.200 --> 00:29:04.700] Speaker 2: circle is interesting let's take a look at circle here because circle is one that i held i
[00:29:04.700 --> 00:29:08.920] Speaker 2: took some profits on it i still had a small position in it it looks good man yeah i mean i
[00:29:08.920 --> 00:29:14.100] Speaker 2: like the two day here i mean it could be a little bit premature but if i had to guess here
[00:29:14.100 --> 00:29:20.000] Speaker 2: you know it makes sense yeah circle makes sense um you're making me want to buy more circle
[00:29:20.000 --> 00:29:24.380] Speaker 2: right now i mean yeah you're making me because this is some good momentum here three days
[00:29:24.380 --> 00:29:29.000] Speaker 2: to confirm on that you know yeah this looks good this looks like one of the best things we
[00:29:29.000 --> 00:29:32.640] Speaker 2: looked at you just got to be careful because you're on you're on some thin ice these things
[00:29:32.640 --> 00:29:37.560] Speaker 2: you know sometimes they do crash down farther but no this looks pretty good this looks
[00:29:37.560 --> 00:29:38.720] Speaker 2: pretty good overall yeah
[00:29:38.720 --> 00:29:45.480] Speaker 1: we called that uh that purchase for circle um back
[00:29:45.480 --> 00:29:49.900] Speaker 1: at what let's see let me see where my chart is. Yeah. Right at, um,
[00:29:52.620 --> 00:29:58.860] Speaker 1: yeah, around $69 was our call last call, um, on circle obviously had that big day
[00:29:58.860 --> 00:30:04.440] Speaker 1: yesterday, uh, spiking, but definitely coming into a zone right now. I think the question
[00:30:04.440 --> 00:30:10.340] Speaker 1: is, is does it get back to its all time high anytime soon? Do you like the, an all time
[00:30:10.340 --> 00:30:13.180] Speaker 1: high in, uh, 2026 or 27
[00:30:13.180 --> 00:30:18.720] Speaker 2: this year? No, not this year, but, um, it's going to take time and i mean you know it's
[00:30:18.720 --> 00:30:22.020] Speaker 2: probably gonna be a gradual incline i mean usually if you just draw you know this is kind
[00:30:22.020 --> 00:30:24.880] Speaker 2: of the healthy trajectory oh wow yeah no i could
[00:30:24.880 --> 00:30:25.560] Speaker 1: look at that look
[00:30:25.560 --> 00:30:25.700] Speaker 2: at
[00:30:25.700 --> 00:30:26.300] Speaker 1: that chart yeah
[00:30:26.300 --> 00:30:31.940] Speaker 2: yeah it could if you were to i mean maybe next year you know middle of next year at the
[00:30:31.940 --> 00:30:36.960] Speaker 2: earliest probably i would say it could yeah mid to late next year why not this
[00:30:36.960 --> 00:30:41.560] Speaker 1: is one of the bigger plays that uh we are in and have been in for some time and we're going
[00:30:41.560 --> 00:30:48.460] Speaker 1: to continue to ride this one for sure. Which reminds me, if you guys have not joined in
[00:30:48.460 --> 00:30:52.800] Speaker 1: on our free newsletter, make sure and visit Paul Barron Network. You guys can, of course,
[00:30:52.920 --> 00:30:59.900] Speaker 1: get into our regular email that comes out to you. It's our full -blown research. We do
[00:30:59.900 --> 00:31:06.880] Speaker 1: it here on the show, but most of the time we'll release it to people
[00:31:06.880 --> 00:31:13.820] Speaker 1: that are on our list early. So if you're on the list, you guys can, of course, jump in and
[00:31:13.820 --> 00:31:20.320] Speaker 1: do that. It's absolutely free, very easy to join too. Let me pull up the site for you real
[00:31:20.320 --> 00:31:25.060] Speaker 1: quick and you guys can take a look, but just jump over, just become a Market Edge member.
[00:31:25.200 --> 00:31:30.760] Speaker 1: It's very easy to do. You get a once a week email. If you want to get into our other layers
[00:31:30.760 --> 00:31:36.700] Speaker 1: where we actually do some calls for you, you can do that as well. We've been, of course,
[00:31:36.700 --> 00:31:41.980] Speaker 1: giving you some calls and all that good stuff, but you guys can do that. Absolutely easy to
[00:31:41.980 --> 00:31:47.600] Speaker 1: do. There's our levels, which is Ruby and Forge, which is all of our research for
[00:31:47.600 --> 00:31:54.420] Speaker 1: everything that we're doing. Evan, the market right now in terms of, are you bullish for
[00:31:54.420 --> 00:31:56.720] Speaker 1: the rest of the year or are you in a holding pattern?
[00:31:56.860 --> 00:32:02.900] Speaker 2: I'm more crabbish for the rest of the year. I do think we can solve a overall from now
[00:32:02.900 --> 00:32:05.320] Speaker 2: until the end of the year. I think the quarter one's going to be it this summer could be
[00:32:05.320 --> 00:32:09.420] Speaker 2: good though it's hard to say it really is hard to say i think it's very foolish to try to
[00:32:09.420 --> 00:32:13.780] Speaker 2: sell big one right now significantly below an all -time high i think this is still a buy
[00:32:13.780 --> 00:32:18.500] Speaker 2: dca area seasonality and midterm elections and all that type of stuff would probably tell
[00:32:18.500 --> 00:32:23.880] Speaker 2: you we will go at least a little bit lower but there's nothing considerably major you know
[00:32:23.880 --> 00:32:26.980] Speaker 2: that concerns me right now market still looks very good in the macro
[00:32:26.980 --> 00:32:33.460] Speaker 1: um i am very bullish through the end of the year. I think we may have a post midterm run.
[00:32:33.600 --> 00:32:38.620] Speaker 1: So look for mid November into December like you're kind of leading to. But I think we may
[00:32:38.620 --> 00:32:43.600] Speaker 1: actually have a very healthy run because I anticipate that there could be some major
[00:32:43.600 --> 00:32:50.180] Speaker 1: changes on the front in the Middle East. And I also anticipate there will be some major
[00:32:50.180 --> 00:32:55.800] Speaker 1: changes with the Fed's narrative going forward, especially on the outlook for the December
[00:32:55.800 --> 00:33:01.600] Speaker 1: FOMC. So be on the lookout for that December FOMC. That's when I think you'll see the term
[00:33:01.600 --> 00:33:06.160] Speaker 1: starting to set up. And then also just in general, the bullish nature of what's going on
[00:33:06.160 --> 00:33:11.500] Speaker 1: with the SEC and the CFTC make me much more bullish into the end of the year. If you guys
[00:33:11.500 --> 00:33:17.200] Speaker 1: want to visit Evan Aldo's YouTube channel, you can do that. Just search Evan Aldo. He does
[00:33:17.200 --> 00:33:22.640] Speaker 1: Bitcoin trading, macro allocation strategies, all that good stuff. What are you offering
[00:33:22.640 --> 00:33:29.220] Speaker 1: right now besides trading tactics? Do you do anything else within your platform?
[00:33:30.020 --> 00:33:35.720] Speaker 2: It's a lot of macro allocation. Yeah. A lot of trading. It's mainly, you know, longer term
[00:33:35.720 --> 00:33:37.380] Speaker 2: swing, momentum swing trading.
[00:33:37.560 --> 00:33:37.980] Speaker 1: In
[00:33:37.980 --> 00:33:42.400] Speaker 2: addition for people who aren't really traders, it's macro allocation where you're only
[00:33:42.400 --> 00:33:43.340] Speaker 2: doing, you know, one
[00:33:43.340 --> 00:33:44.300] Speaker 1: trade every few
[00:33:44.300 --> 00:33:49.440] Speaker 2: months. Yeah. Following kind of, yeah, the base of the momentum, essentially building
[00:33:49.840 --> 00:33:50.640] Speaker 2: portfolios. So, yeah,
[00:33:50.760 --> 00:33:54.180] Speaker 1: I love it. I love it. All right, guys, we're going to catch you next week. I'll be back in
[00:33:54.180 --> 00:33:59.240] Speaker 1: studio. We've got a lot of new guests coming on next week. So make sure and subscribe to
[00:33:59.240 --> 00:34:02.140] Speaker 1: the channel if you haven't done that already. And we'll catch you guys later.
[00:34:09.070 --> 00:34:13.630] Speaker 1: If you like this video, hit like and subscribe, drop a comment down below, and also join
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