WEBVTT

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Welcome to the Thinking Crypto podcast.
You're home for cryptocurrency news and interviews.

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If you are new here, please
hit that subscribe button as well as a

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thumbs up button and leave a comment
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platform such as Spotify or Apple,
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It supports the podcast and it doesn't
cost you anything. But folks,

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we got big news today. But
let's start off with the price of bitcoin

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really quick. Earlier today in the
live stream, we talked about bitcoin cooling

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down. Right now, it's sitting
at seventy one, seven hundred and thirteen

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bucks at the time of recording.
But if we look at the daily chart

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here, we're seeing a bit of
a pullback and that's healthy. That's normal

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after a strong breakout above the old
all time high. The key indicator we

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have to look at, though,
is the Dollar Currency Index, which is

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finding some support and bouncing right now. Now. It could bounce a little

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bit but then continue to break downwards, which I anticipate it will, but

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who knows. Right we have to
watch as closely, so Bitcoin and some

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many all coins can possibly consolidate and
move sideways for a while, so just

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be prepared for that maybe over the
next two weeks, right, But we'll

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have to wait and see as the
charts get updated. But the dxy is

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finding support here. This is why
you're going to see bitcoin and other risk

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assets slow down a bit. But
the bull market's not over just we are

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going through market cycles from a micro
standpoint. From a macro we are still

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on track to go to new all
time highs. But some of the all

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coins are popping off. Salana is
ripping right now, folks. It's at

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one hundred and eighty five dollars,
up near twelve percent over the past twenty

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four hours. Now, let's look
at the top trending coins on social media,

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brought to you by Sentiment, which
is a great partner of the channel.

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This data was updated forty eight minutes
ago, and of course Solana leading

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here because the price has been going
parabolic. It has huge positive sentiment e

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theorem and number two still seeing a
lot of social mentions from its upgrade,

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the den Kin upgrade Dog with Hat. These meme coins are going nuts.

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Look at this. Doge coin comes
into number four behind Dog with Hat,

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So the meme coins are going crazy. Earlier today in the livestream. We

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talked about Elon Musk talking about Tesla
is going to accept those coin pretty soon

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BSV. That is trending because Craig
Wright got slapped in the face by the

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judge. He's got another huge loss
saying he's not Satoshi, he's not the

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author of the white paper, and
much more. You got hack protocol.

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Haven't heard about this? This comes
in at number six, Bitcoin at number

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seven fracts it says fras on ethereum, I haven't heard of this token.

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That's number eight. And then you
have the open platform at number nine and

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the near protocol at number ten.
So those are your top trending tokens on

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social media, and some of these
make a lot of sense, right because

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price action and big news items now, folks, huge huge news. You

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know, we've been talking a lot
about crypto and the elections, and we

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saw on Super Tuesday that many of
the candidates who align themselves to Elizabeth Warren

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and the anti crypto banner loss,
but pro crypto candidates are winning. We've

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talked about crypto being a ballid issue, not the number one, not the

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number two, not the number three, but sometimes the number four or five,

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Right, But many crypto holders are
single issue voters, and folks,

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we've also been talking about former President
Donald Trump, who's obviously the Republican candidate

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for this upcoming presidential election. He
has been softening his tone around bitcoin and

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crypto. He's issued NFTs bitcoin ordinals, they've been accepting bitcoin and crypto for

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payments for his sneakers and much more. Right, And once again, I'm

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not trying to endorse those things.
I'm just telling you the facts. But

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here's some data, and it's actually
been reported by Justin Slaughter, who's head

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or policy director of Paradigm, And
here is the data. Very interesting,

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folks. Let me give you the
details now for something surprising. Crypto voters

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leaned to Biden in twenty twenty,
but now lean to Trump. Among crypto

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voters, forty three percent recall voting
for Biden in twenty twenty and thirty nine

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percent recall voting for Trump. Now
crypto owners support Trump forty eight to thirty

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nine. In a close election,
This swing could be decisive, folks.

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Very interesting dynamic playing out here.
Crypto is a ballot issue. We are

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already seeing it on smaller levels,
and already the polls are showing from a

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crypto standpoint, people believe Donald Trump
would be a better candidate for crypto.

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Wow. Let that sink in.
And once again, this is not a

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political podcast. I'm not telling you
who to vote for. I'm just giving

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you the facts and the data and
you make your decisions from there. But

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there are certain things we can deny
and we have to look at what the

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potential outcomes may be. So in
a race that may be tight again like

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it was in twenty twenty, we
could see crypto being a big deciding factor.

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And the question is will Biden.
Will Biden pivot? And I'm not

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saying I believe he will or I
want him to. I'm just saying,

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giving the scenario, maybe he pivots
because he sees Elizabeth Warren's agenda is failing

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and the anti crypto people are losing. So we shall see. He could

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pull something out of his hat and
do something with Congress or some executive order.

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I don't know, but what we'll
have to wait and see. But

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this is very interesting. Now,
huge huge news today folks, and Nate's

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Garachi, president of the ETF Store, reported on this. But here's the

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headline. SATA introduces bitcoin ETF policy
and guidance for financial professionals. You may

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say, who the hell is Satera. SATA is among the first wealth management

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firms to deliver comprehensive education, training, and resources addressing rapidly growing investment products.

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What have I been telling you guys
for months? Now? We are

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in the early innings. These ETF
issuers are actually going out to the wealth

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managers and rias and educating them.
Hey, guys, here's the bigcoin ETF.

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Here's how it works. Here's our
fees to get them to be comfortable.

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So there's a ton of capital that
is not being allocated yet. There's

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a ton of investment advisors who have
not told their clients, hey, let's

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put some exposure or give you some
exposure to bigcoin ETFs. They haven't done

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yet yet. The education and awareness
building process is happening right now. So

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here's what Nagarachi highlighted. Here's a
quote. As expected, we are prudently

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embracing bitcoin ETFs. That's a quote, Nate says. Financial advisory firms now

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issuing press releases regarding the use of
bigcoin ETFs, in other words, attempting

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to use bigcoin ETFs as a point
of differentiation slash competitive advantage. Things getting

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wild, He says. Setera has
four hundred and seventy five million dollars of

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assets under management. So incredible,
incredible things happening, folks. Once again,

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it's the early innings. There's still
a ton more folks coming in.

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And if anybody from Vanguard is listening, this is your wake up call.

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You will get left behind this This
thing is taking off now now. Earlier

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today on the live stream, I
shared this chart, but I think it's

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helpful to highlight it again. Micro
Strategy is Bitcoin holdings versus black Rock.

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For those of you listening on the
audio, you won't understand what I'm saying,

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but micro Strategy gradually bought bigcoin over
the years. You look at the

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chart, Blackrock is literally a straight
line up because literally open the past two

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is it just over a month and
a half now, they've been accumulating and

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they're about to surpass or they have
surpassed micro Strategy. It's incredible. And

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this doesn't even include the other nine
ETLs out there in the market. It's

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fascinating. What's happening now, folks. Quick word from our spot consor,

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and that is v Chain vchain is
one of the top enterprise layer one blockchains

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out there. They are building tons
of web three and decentralized apps that solve

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real world problems. They're working with
many big brands such as BMW, Walmart,

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China, PwC, and so forth. I'm a VET token holder.

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I believe in this project. I
have been for years. That's why I

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asked them to be a sponsor.
And their blockchain, folks, uses very

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low energy, it's scalable, it
has great security, great speed, and

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they're also working with the Boston Consulting
Group. So huge things happening with vchain.

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I highly recommend you go check this
out and look up what they're doing.

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It's incredible. Go to vchain dot
org. Link will be in the

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description. Now, folks, not
everyone is happy with the bitcoin et apps.

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We got a couple of senators here
writing the sec saying stop the et

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aps. So Alexander Grieve, who
is government affairs at Paradigm, tweeted out

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the success of the BITCOINSTF products clearly
ruffling some feathers on the hill. Senator

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Jack Reid and Senator Lafonza Butler,
if I'm saying her name right, wrote

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a letter to the SEC urging no
more ETPs exchange traded products for other tokens.

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They're trying to stop it. They're
saying, don't go beyond bitcoin,

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No ethereum, no XRP, no
cardano. They said, make life difficult,

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for example, examinations slash reviews for
brokers and advisors that recommend bitcoin ETPs.

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Now, bunch of senators, right, who do you think is behind

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us? Folks? Who do you
think is behind us? Elizabeth Warren and

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who's behind her? Jamie Diamond and
the banks? We think these banks like

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the money leaving their investments and going
into the ETFs. They hate it because

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right now they can't even custody the
ETFs. Right That's why they wrote a

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letter to the SEC about SAB one
two one their block right now. They

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hate this, folks. That's why
you have all these tratified guys. Even

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Warren Buffett and Charlie Munger rest in
peace. I respect Charlie Munger and Warren

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Buffett very much. I've learned a
lot from them. But they hate that

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there's a disruption and the capital is
leaving their trad fi investments, equities and

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so forth, and it's going to
ETFs. They see the flows. You

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think these senators just dreamed this up
by themselves, that they woke up and

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said, man, I hate them
becoin ets. I hate that they better

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not have an et theory metf Hell
no, right, this is someone paying

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them. You know, you guys
know how the game works. Right,

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They're getting lobbied, and Elizabeth Warren
probably send them met with them in the

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back room, along with Gary Genser
and so forth, the anti crypto army.

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Right, eleanor Terott of Fox Business
gave some more contact. So Jack

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Reid is out of Rhode Island,
and Lafonza Butler she is out of California.

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So they pend the letter to Gary
Genzer. Here here's a quote from

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that. It says, while the
bitcoin market has displayed serious weaknesses, it

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is nonetheless far more established and scrutinized
than the market for the other cryptocurrency.

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However, vulnerable Bitcoin maybe to fraud
and manipulation, markets for other cryptocurrencies are

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far more exposed to misconduct. We
do not believe that other cryptocurrencies show the

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trading volumes or integrity to support associated
ETPs. It's funny how they don't send

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out stuff like this for like the
banks that were collapsing last year, and

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just recently we saw NYCB that' stop
plummeted off a cliff. They had to

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hault trading, and then they had
to get a billion dollar lifeline. Right,

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there's no letters being sent, there's
nothing being said about that. But

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obviously there is an agenda here.
Right, they're trying to paint crypto in

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a negative light, trying to stop
the ets, and this is all coming

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from the banking incumbents. Now.
Paul Griwall of coinbase weighed in on this.

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He said, respectfully, Senators,
the evidence points exactly the opposite way.

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We have discussed our analysis with the
SEC staff and would be happy to

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do the same for you and any
other policymakers who have questions. Many digital

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asset commodities, not just bitcoin,
demonstrate market quality metrics that exceed even the

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largest traded equities. For example,
each spot market is deep in liquid.

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Only two S and P stocks have
a higher notional dollar trading volume. So

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he goes on, you know,
explaining this, But folks, these two

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senators then just wake up and dream
this up right and say, oh,

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we need to stop. It's Elizabeth
Warren, it's the banks again, they

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are afraid more crypto ETFs get it
created, more capital leaves their tradify investments.

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Right, these investment banks, Goldman
Sachs guys, think about this,

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they had the stranglehold. You have
to come through them, right, their

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products. What they're doing this is
very much so outside of their system.

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Don't get me wrong. It's getting
integrated into the system because Black Rock and

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Wall Street. But the point is
the network, the control of the assets

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is distributed globally. Bitcoin and cryptos
a global asset class versus you know,

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certain people in certain countries can access
certain equities and so forth. Right,

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but you can mean any country,
as I've given an analogy to story many

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times, any country in the world. You have an Internet connection, you

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can buy a fraction of a bitcoin, and that gives you know, kind

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of an exponential aspect to the price
and the appreciation of the price. So

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guys, they don't like this,
they don't like this. They're probably having

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boardroom meetings and so forth. How
do we combat this? Who do we

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buy off, who do we lobby? How can we stop this? Can

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we launch our own thing? Right? Those are definitely meetings that are happening

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folks at the end of the day. Now, James Seifert of Bloomberg weighed

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in on this. He says,
as someone who spent significant time trying to

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obtain the data required to do this
type of analysis on a minute by minute

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basis, it wasn't easy. And
I work at Bloomberg. There's almost zero

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chance these senators did the analysis themselves. Someone sent it to them. But

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who, James, I know the
answer. It's Elizabeth Warren and the banking

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cabal. That's who. That's who
it is. And he says, have

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to assume the SEC. Like Eric
hints here, Eric balchunis you know highlighting

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here that TRADIFI and the SEC and
these guys send this stuff to the senators.

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It's all behind the back room deals, the alleyway meet and the alleyway

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type things going on here. Once
again, these two senators didn't randomly wake

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up and say, oh, we
need to stop all these ets, right.

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I think we know the game,
folks, and this is why we

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got to expose it. Now,
a final item here, President Naibu Kelly

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of L Salvador, we know they
hold a ton of bitcoin. He's been

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trolling all the critics lately because holdings
are up significantly, but during the bear

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market, all the floodsters came out. Well, he said, We've decided

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to transfer a big chunk of our
bitcoin to cold two way cold wallet and

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store that cold wallet in a physical
vault within our national territory. You can

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call it our first bitcoin piggy bank. It's not much, but it's honest

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work. Wow. But the total
bitcoin is five six and eighty nine bitcoin's

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00:15:24.480 --> 00:15:30.320
that's pretty incredible. I wish I
had that much bitcoin. But guys,

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00:15:31.240 --> 00:15:35.480
they're setting the standard, they're setting
the blueprint here for many smaller countries to

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00:15:35.600 --> 00:15:37.600
do this. Once again, we're
not talking about the US and first world

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00:15:37.679 --> 00:15:43.559
countries and the superpowers, right,
We're talking about smaller countries who are fighting

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00:15:43.759 --> 00:15:48.320
inflation, who need to boost their
gdp AD much more so, I think

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00:15:48.639 --> 00:15:52.279
many other smaller countries are going to
follow Elsalvador's move. It's incredible. What's

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00:15:52.320 --> 00:15:54.960
happening, all right, folks.
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A great platform I would recommend,
and folks don't forget to sign up for

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my free email newsletter and follow me
in all social platforms. Thank you for

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00:16:21.480 --> 00:16:23.440
watching and listening, and I'll talk
to you all later