WEBVTT

1
00:00:06.639 --> 00:00:11.599
Welcome to the Thinking Crypto podcast.
You're home for cryptocurrency news and interviews.

2
00:00:11.800 --> 00:00:14.480
If you are new here, please
hit that subscribe button as well as a

3
00:00:14.519 --> 00:00:17.879
thumbs up button and leave a comment
below. If you're listening to a podcast

4
00:00:17.879 --> 00:00:22.359
platform such as Spotify or Apple,
please leave a five star rating and review.

5
00:00:22.440 --> 00:00:25.679
It supports the podcast and it doesn't
cost you anything. Well, folks,

6
00:00:25.679 --> 00:00:29.320
I want to talk about bitcoin.
What is happening here? Bitcoin is

7
00:00:29.440 --> 00:00:33.960
pumping. It's currently at forty eight
one and seventy six dollars at the time

8
00:00:34.000 --> 00:00:37.960
of recording. We're seeing some nice
green candles here on the daily chart.

9
00:00:38.240 --> 00:00:43.719
However, I'm cautiously optimistic. It's
not that I'm bearish from the macro standpoint.

10
00:00:43.840 --> 00:00:47.520
I'm bullish. I believe this year
we will see new highs, and

11
00:00:47.560 --> 00:00:51.960
I believe we will see a blow
off top new all time highs in twenty

12
00:00:52.039 --> 00:00:56.840
twenty five, So please understand my
perspective. However, in the short term,

13
00:00:57.240 --> 00:01:00.479
what are we going to see?
And I think bitcoin is due for

14
00:01:00.560 --> 00:01:03.120
a correction. It may run up
further, it may go up to about

15
00:01:03.159 --> 00:01:07.719
fifty five K and then correct from
there. I think we go down to

16
00:01:07.079 --> 00:01:11.719
thirty five K. We build support
levels and then we work our way up.

17
00:01:11.120 --> 00:01:15.480
Now some things that could help Bitcoin
continue moving up, because I want

18
00:01:15.519 --> 00:01:19.159
to make sure I'm giving you all
the facts right, I'm looking at both

19
00:01:19.239 --> 00:01:23.519
the bullish and the bear scenario.
The Nasdaq and the SMP five hundred continue

20
00:01:23.560 --> 00:01:29.280
to pump and make new all time
highs. It's crazy what's happening. And

21
00:01:29.319 --> 00:01:33.120
the DXY, the Dollar Currency Index, seems to be correcting a bit.

22
00:01:33.519 --> 00:01:37.480
We have to let these things play
out and see how the charts move and

23
00:01:37.519 --> 00:01:42.079
how the prices move. But the
facts are as of today, the stock

24
00:01:42.120 --> 00:01:47.519
market looking bullish, the DXY looking
bears. So we'll see how these things

25
00:01:47.560 --> 00:01:52.319
continue to play out. Some analysts
and different folks on crypto Twitter are saying,

26
00:01:52.359 --> 00:01:56.920
look, imagine bitcoin is going to
double top here where it hits forty

27
00:01:57.040 --> 00:02:00.680
nine k or fifty k and then
corrects, right, that will be brutal.

28
00:02:00.319 --> 00:02:05.560
Here coin signals, they're highlighting that
forty eight, six hundred and forty

29
00:02:05.599 --> 00:02:09.840
six dollars is the fib six to
one point eight percent, so showing that

30
00:02:09.879 --> 00:02:15.039
a potential rejection could happen here,
and then we go test the lows once

31
00:02:15.039 --> 00:02:17.120
again. This is not that the
party is over or bull market's over.

32
00:02:17.280 --> 00:02:21.840
That's not the point. The point
is what can we anticipate as we go

33
00:02:21.879 --> 00:02:27.319
into the Having. Some folks are
calling for six figures with a fifty five

34
00:02:27.439 --> 00:02:31.159
k worst case scenario. I don't
think a six figure bitcoin is happening by

35
00:02:31.159 --> 00:02:36.080
the Having. Is it possible?
Of course, anything is possible. Is

36
00:02:36.120 --> 00:02:39.919
it highly probable? That's the question, and I don't think it's highly probable.

37
00:02:40.280 --> 00:02:46.520
I think we may correct now,
but then start moving our way up

38
00:02:46.599 --> 00:02:51.680
into the Having, where we are
seeing maybe a fifty k bitcoin at that

39
00:02:51.719 --> 00:02:54.800
point, or maybe higher, maybe
sixty k, or maybe I am completely

40
00:02:54.840 --> 00:03:00.879
wrong and this happens earlier, and
then it corrects into the Having. Maybe

41
00:03:00.879 --> 00:03:05.280
we have a buyer rumor sell the
news event for the Having, because everyone's

42
00:03:05.319 --> 00:03:09.039
anticipating higher prices, everyone's anticipating,
you know, some of fireworks. But

43
00:03:09.520 --> 00:03:15.240
we've seen time and time again,
just like the bitcoin's BODYTF launch, things

44
00:03:15.439 --> 00:03:20.719
could get choppy and the markets can
do what you least expect them to do.

45
00:03:21.120 --> 00:03:23.319
Point is buy the dips, buy
the blood in the streets, and

46
00:03:23.360 --> 00:03:28.919
then sell the euphoria FA sell the
tops. That's the important thing. So

47
00:03:28.960 --> 00:03:32.120
you're walking away with a good ROI
you're walking away with off it, you're

48
00:03:32.159 --> 00:03:38.080
making money. So once again,
different analysts. Some are saying one hundred

49
00:03:38.159 --> 00:03:40.719
k by the having I don't trust
that. When I see headlines like that,

50
00:03:42.159 --> 00:03:45.400
I don't trust it. But do
I believe we are going to see

51
00:03:45.400 --> 00:03:49.080
one hundred k this cycle. Absolutely, and that could happen till in twenty

52
00:03:49.159 --> 00:03:53.240
twenty five. So just keeping it
real with you guys on how things might

53
00:03:53.280 --> 00:03:58.479
play out. One thing's for certain. As Bitcoin continues moving and even if

54
00:03:58.520 --> 00:04:01.319
it cools off here, liquidity will
flow to the alts, and the alts

55
00:04:01.360 --> 00:04:04.639
will start moving, and we're seeing
some of them like etherorem is up near

56
00:04:05.520 --> 00:04:10.960
nine and a half percent from a
seven day perspective, Solana up just over

57
00:04:11.000 --> 00:04:15.000
eleven percent from a seven day perspective. So we're seeing liquidity flow to the

58
00:04:15.039 --> 00:04:18.800
alts now, folks. Charles Gasparina
Fox Business is reporting that the SEC is

59
00:04:18.879 --> 00:04:26.519
bracing from a major exodus among senior
enforcement lawyers in its crypto assets and cyber

60
00:04:26.600 --> 00:04:30.800
unit. According to officials at major
law firms who have seen several of the

61
00:04:30.839 --> 00:04:36.319
resumes Fox businesses with holding names to
protect privacy, The moves suggest that the

62
00:04:36.360 --> 00:04:43.720
bleed of senior staff under Gary Genster's
controversial leadership of the agency isn't letting up.

63
00:04:44.240 --> 00:04:47.199
So we're seeing people jump ship here
because the SEC is getting called out

64
00:04:47.240 --> 00:04:53.199
publicly, they're losing cases. The
debt box situation is a clear example of

65
00:04:53.240 --> 00:04:58.360
the judge looking to sanction some of
these firms or to excuse me, not

66
00:04:58.439 --> 00:05:00.959
the firms, the SEC lawyers.
So that's pretty bad. I mean,

67
00:05:01.000 --> 00:05:05.199
that's just ridiculous. And then the
sees he gets called out publicly for being

68
00:05:05.399 --> 00:05:12.079
arbitrary and capricious in their denial of
the spot pick twenty TFS and it took

69
00:05:12.199 --> 00:05:15.199
a victory in court for Gary Ginster
to approve it. So why would you

70
00:05:15.240 --> 00:05:19.639
want to work under that? It's
just horrible optics. Things are in a

71
00:05:19.720 --> 00:05:24.759
disarray, right, Just look at
the launch of this BODYTFS with the hacked

72
00:05:24.800 --> 00:05:28.519
account and all of that. Just
imagine you're working under that, right,

73
00:05:28.839 --> 00:05:31.920
It just sounds like it's a mess
over there. And here Justin Slaughter,

74
00:05:32.160 --> 00:05:36.879
who's policy director of Paradigm. He
tweeted out regarding this news. He said,

75
00:05:36.920 --> 00:05:41.319
one of the worst kept secrets in
DC is a lot of the SEC

76
00:05:41.399 --> 00:05:46.199
attorneys working on crypto enforcement don't actually
want to be doing a total war ballistic

77
00:05:46.240 --> 00:05:53.319
attack against the biggest crypto firms when
they instead could be doing more targeted enforcements.

78
00:05:53.360 --> 00:05:57.439
So this isn't surprising. That is
telling. Remember Gary Ginser is going

79
00:05:57.480 --> 00:06:00.000
after everybody. Now, whether you're
a good actor, you know, whether

80
00:06:00.279 --> 00:06:03.920
you got to proof to do an
IPO in coin basis situation, I'm going

81
00:06:04.000 --> 00:06:08.680
to go after you. That's ridiculous. There are tons of scams in the

82
00:06:08.720 --> 00:06:12.160
crypto market, as there are scams
in every market, right, go after

83
00:06:12.199 --> 00:06:15.199
the scams. Why are you going
after the good actors? But we know

84
00:06:15.399 --> 00:06:20.079
it's a political move. Elizabeth Warren
is pulling the strings and the banks and

85
00:06:20.120 --> 00:06:26.319
tradify collect they control. Elizabeth Warren. Matt Levine described this accurately as a

86
00:06:26.439 --> 00:06:31.160
drunk under the Lamppost approach two years
ago, and that hasn't changed. The

87
00:06:31.199 --> 00:06:38.720
out of the trench's frontal assaults will
continue until legislation passes, Scotis rules against

88
00:06:38.759 --> 00:06:43.120
the sec or there's a new chair
here, he continues saying. And I'm

89
00:06:43.160 --> 00:06:46.839
sure that a Supreme Court that is
set to rule a president that fomented and

90
00:06:47.000 --> 00:06:51.800
insurrection can still run for president,
will totally rule that all tokens are securities.

91
00:06:53.079 --> 00:06:57.600
And the SEC hasn't engaged in overreach
very strategic much for thinking. Not

92
00:06:57.680 --> 00:07:01.079
sure about that, but anyway,
these are his thoughts. But folks,

93
00:07:01.160 --> 00:07:04.639
the SEC's a mess, and you
know, the more people that are leaving,

94
00:07:04.759 --> 00:07:08.639
it's going to put Gary against her
in problems. Remember, he's trying

95
00:07:08.680 --> 00:07:11.800
to get more budget, right,
and I think he's going to lose out

96
00:07:11.839 --> 00:07:15.839
on that budget and it's going to
give Patrick McHenry and the folks in Congress

97
00:07:15.839 --> 00:07:18.560
more ammo to keep Gary gains here
accountable. The problem is, I know

98
00:07:18.639 --> 00:07:24.639
some of you have been upset by
the lack of action we just seen letters,

99
00:07:24.639 --> 00:07:29.279
But look, the Democrats control a
lot, right and Elizabeth Warren has

100
00:07:29.279 --> 00:07:31.480
a lot of power, so it's
hard to do a lot. And Tom

101
00:07:31.519 --> 00:07:36.240
Emmer told me this in an interview, So they can really try to change

102
00:07:36.240 --> 00:07:40.959
the narratives and change the optics around
Gary against her. Anyway, folks,

103
00:07:41.519 --> 00:07:43.959
that's the news. Let me know
what you're thinking. Do you think we

104
00:07:44.040 --> 00:07:46.600
see six figures by the having I
don't think so, but I would love

105
00:07:46.639 --> 00:07:50.360
to get your thoughts. And do
you think bitcoin's about to correct soon?

106
00:07:50.600 --> 00:07:56.279
Once again? It will be a
healthy correction because we are looking for higher

107
00:07:56.360 --> 00:07:59.319
highs. I don't care about fifty
k. We've seen fifty k before,

108
00:07:59.759 --> 00:08:03.600
looking for one hundred k and hire
and for that to happen, for it

109
00:08:03.639 --> 00:08:07.920
to be sustainable on the move upwards, we need to build support levels.

110
00:08:09.240 --> 00:08:13.560
That's where I'm coming from, nothing
more. I am not shorting in full

111
00:08:13.839 --> 00:08:16.279
transparency. If I was shorting,
you could say, Tony, you're a

112
00:08:16.279 --> 00:08:18.680
barrier. Shorting, you're biased?
All right, You could totally say that.

113
00:08:18.800 --> 00:08:20.279
All right, Guys, let me
know what you think. Leave your

114
00:08:20.279 --> 00:08:24.000
thoughts and comments below, hit the
thumbs up button, hit the five star

115
00:08:24.519 --> 00:08:26.680
rating on the podcast platforms, and
I'll talk to you all later