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Cathie Wood Swaps Tesla For Ethereum🚨Crypto Market Update | Paul Barron Network | YouTubeToText
YouTube Transcript: Cathie Wood Swaps Tesla For Ethereum🚨Crypto Market Update
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The content discusses significant shifts in investment strategies, particularly Kathy Wood's move from Tesla to Ethereum, alongside key economic indicators and developments in the cryptocurrency and AI markets that are influencing investor sentiment and future market trends.
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Kathy Wood is selling Tesla for
Ethereum. We'll break it all down for
you. Let's just jump right in. I want to
go over and look at what the week is
holding out in terms of things that
could happen. It's a big week for crypto
holders. What we're going to see is
unemployment data and non-farm payrolls
data. This is going to come in, I think,
soft. Obviously, we've already started
see indicators on that. We'll also see
see the CPI and the core CPI uh data
coming out. This will be a very
important one and it's going to be one
that I think people might be surprised
with as well. We're also going to be
looking for the Bank of Japan and a
potential interest rate decision. If
they actually hike rates, we could
really start to see a little bit of
market turmoil. Inflation cooling down,
high unemployment, this means rate cut
odds will go up. And that of course goes
into next month, end of January, and how
this plays out for Chair Pal. All of
that brewing right now this week. So,
make sure and stay tuned for all of that
good stuff. Other things that are
hitting right now, Ethereum is the
future of finance. Here's a big news
from JP Morgan, who is of course
launching its tokenized fund. This is a
money market fund. I think 100 million
going into this. So, a pretty big deal
for ETH in general. And it also starts
this domino effect potentially in Wall
Street that could be going this
direction. So, positive overall I think
for crypto, especially for Ethereum. I
want to take a look at the Tesla chart
because this is something that we have
continued to see Tesla outperforming
over the last few weeks. As you can kind
of see that green move really from that
low which was around 385. That was on
November the 14th and here we are
punching 475 as of uh December the 15th,
a month later. So this was a good time
for Kathy Wood to actually make a little
bit of a move. Let me go over to a clip.
>> And in the latest round, we took some
profits from Tesla, which is nearer to
its high, and allocated them into or
some of those profits into crypto, which
just went through uh thanks to the flash
crash on 1010 and thanks to MSCI's press
release saying that it was reconsidering
including DATs in its indices. And that
happened on the same day as the flash
crash, but nobody noticed it. Those two
dynamics hit crypto hard. We think we've
seen the bottom because the news is out.
JP Morgan posted the report about Msei
now. Everyone knows that. You'll see us
trying to expose our clients to stable
coins. We bought some Coinbase. We
bought some circle and bit mine
immersion and a little bit of ether and
salana one is very small the salana
ether one is around 2% of the portfolio
so taking crypto altogether
we're probably talking about a 12 13%
position let's see how this recovery
tests the various technicals and
>> that's pretty significant I think not
not only for ETH but just in crypto in
general to hold you know 12 13% if you
look at the combined holdings of Tesla
that's kind of the proof of all the
sells on the Tesla stock and of course
this starts to move into a handful this
is re going to this is going to
reshuffle so when you look at some of
the holdings here I'll just kind of scan
down to the one that I think is most
important that is Bitmine holding at 275
right there and even if you look at some
of the others which would be maybe Meta
and and even Bitcoin
Even those together don't equal the
holdings of what's going on with
Bitmine. So again, very forward on ETH
holdings right now. Speaking of Tom Lee,
I want to go over to his analysis on how
crypto and AI are lining up together.
Take a look.
>> Skepticism now around the AI trade,
skepticism around Bitcoin. Are they in
fact related, do you think?
>> Uh related, but not related. Yeah. You
know, I I think the AI trade, I mean,
it's been a juggernaut, and we know that
the visibility for the next few years is
really good, but now investors are just
trying to figure out how much to
discount. You know, what's the
appropriate price to put um and that
could drive some profit taking because
they've done so well this year. It's
almost like they both have great
visibility, but the price levels are
just what's being uncertain. I feel like
what's common though with both of these
stories though, Tom, is investors
questioning the growth, the trajectory
of growth going forward for both of
these stories.
>> Yeah. Well, in in crypto, the best years
are definitely ahead because today
there's only 4 million Bitcoin wallets
with $10,000 in it. There's 900 million
IRA and brokerage accounts globally that
have $10,000. So, there's that's 200
times larger market. I'm I believe that
AI stocks, especially stocks like
Nvidia, are going to actually rerate
higher because if Walmart and Costco
trade at 37 to 45 times earnings because
they're predictable, then Nvidia
shouldn't be 27 times. I also think the
banks are really criminally undervalued
right now, like a JP Morgan, because
that's becoming a technology company.
All right. So, after that, you can kind
of have to look at the condition on
where Bitcoin could be with a lot of the
downside potential that plays into this
Japanese uh moving in terms of a rate
hike. Now, if we see Japan move to a
rate hike, which will happen this week,
if that occurs, then everybody is
pointing at what we're seeing with
Bitcoin. If you look at the charts
further into this, you can kind of see
here, this goes back into 2024. we saw a
rate hike -23 -30 -31 uh which was in
early this year and then what will we
see right now which was where Bitcoin is
kind of trading at around the 90K mark
when this was put out but right now
Bitcoin is trading right at 859 at time
of recording and this will be the big
question guys as to whether or not we
see a full 30% come off of that. Maybe
it is going to only be 20%. Let me know
what you guys think down in the
comments. All right, let's go over to uh
really where the economic insecurity is
it real or is it not real? Take a look.
>> Average American doesn't talk about
inflation. That's an economist word. The
average American talks about
affordability or costs. Can I afford the
food, the fuel, the housing, the
healthcare? But there's something that's
even more important. Half of Americans
now live, and I quote, paycheck to
paycheck. And how they define that is
different. But these are people who have
trouble paying their bills on a monthly
basis. When half of Americans are saying
that, that tells me that this economic
insecurity and anxiety is real. And my
warning to both political parties, if
you don't figure out a way to make
health care costs more affordable, the
public is going to punish you one year
from today.
>> What What does 26 look like?
>> Democrats narrowly take the House. There
aren't that many seats that are up for
play. Democrats have a five-point lead
right now and that's enough to give them
a roughly a five seat majority in the
House and the Senate, if they botch
healthcare, the Senate could be up for
grabs as well.
>> Interesting points there. And of course,
you got to look at Trump, which
apparently still believes that
affordability is completely neutralized.
We're not dealing with anything from an
inflation standpoint. And I agree with
Lutz there in terms of affordability
being the key factor here because that's
going to be the campaign focus for both
Republicans and Democrats going into the
midterms. US labor market will be the
other one. And of course the labor
market right now, if you zoom in on this
one, total non-farm hiring rate fell on
this percentage. So now we're seeing
more, this is the lowest more
unemployment, lowest since 2020. And
that was during a pandemic. So this is a
pretty significant state of where jobs
are getting worse as inflation continues
to rise. That of people of course is
called stagflation. This is the worst
nightmare for the Fed going into it. But
it can't let jobs get and spiral out of
control. It's one of the biggest
mandates that the Fed would have to deal
with. And of course that could mean
where we would see uh continuous cuts on
uh the Fed rate. Other things people are
looking at, could we see a high on
Bitcoin next year? Everybody's saying
right now about 66% of you are saying,
"Yeah, we could see a 2026 mini bull
run." Whether or not this will happen
end of year or whether or not this will
happen early, who knows? But the key
here is is that people are looking at
digital assets to be able to beat this
inflation move that we're dealing with
right now. When will Bitcoin hit 150K?
Poly market says let's go over and focus
on that December 31 of next year. So
really people about 32% if you look at
it holding toward the end of the year
but if you kind of collapse that and go
over into everything uh we're talking
about what is that almost 25% now uh
saying that it could happen before that.
So, a lot of factors play into this as
we just talked about, a lot of macro
comparisons that we're going to be
seeing over the next few months. And I
think the Clarity Act is going to be a
big factor going forward just in crypto
in general. Bitcoin of course, I think,
will also benefit from that. Uh, if we
do get a very clear clarity act that is
pro crypto coming out, what price will
Ethereum hit in December? Right now, the
number is coming in at 2600. So this is
again getting potential impact from what
could be still the impetus of what's
going on in Japan and more of the macro
fears that we're dealing with right now
at the end of the year. Let's go over to
a couple of more points I want to hit on
and this of course is Ripple just
announced their big approval which is a
conditional approval from the OC. This
is in reference to the charter for the
national uh trust bank. Now don't get
you know crazy this is not a retail
bank. This is think of it as a bank for
institutions. But the thing that really
will go into this I think will when they
get a what will happen when they get a
master account a fully approved master
account that much longer to take to for
that to actually happen. So but
Garlinghouse definitely uh moving in the
right direction over there for Ripple. I
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there's a lot of XRP holders that follow
this show. Would you guys start to look
for yields on some of these DeFi
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like a flare network where you can do
it? It's a little different with what
Salana is doing because they're doing it
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out. Let me know how you would do that
with your own XRP. Last thing, of
course, if you guys are not part of our
own Baron Market Edge, you should be.
That is our own private group. Very easy
to join. We always leave a link down
below. Check it out. It's free. And of
course, catch me out there on X. It's
Paul Baron. We'll catch you next time
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