WEBVTT 1 00:00:06.320 --> 00:00:10.880 Hey, everybody, Welcome into the Thinking Crypto podcast, your home for cryptocurrency 2 00:00:10.960 --> 00:00:14.439 news and interviews. I'm your host, Tony Edward. On your way in. 3 00:00:14.720 --> 00:00:17.960 Please let that subscribe button as well as a thumbsup button and leave a 4 00:00:17.960 --> 00:00:21.960 comment below. If you're listening on a podcast platform such as Spotify or Apple, 5 00:00:22.160 --> 00:00:25.440 please leave a five star rating and review. Folks, We've got some 6 00:00:25.640 --> 00:00:30.239 very big news that broke today, and that is Donald Trump is expected to 7 00:00:30.239 --> 00:00:36.159 announce his US Bitcoin strategic reserve plan at the Bitcoin twenty two and four conference 8 00:00:36.280 --> 00:00:40.359 in Nashville next week. This is pretty huge and it's coming from Dennis Porter, 9 00:00:40.439 --> 00:00:43.759 who is a very credible source. I know Dennis. He does a 10 00:00:43.840 --> 00:00:48.920 lot of advocacy and education work in trying to get crypto regulations through. He's 11 00:00:48.960 --> 00:00:52.560 the CEO and co founder of this Satoshi Act fund. He says, this 12 00:00:52.679 --> 00:00:56.880 is not a joke. My sources are credible, and we've been hearing rumors 13 00:00:56.880 --> 00:01:00.359 about this that Donald Trump's going to make a huge announcement that's going to be 14 00:01:00.920 --> 00:01:04.200 very impactful about biitcod and crypto. So it would make sense if he proposes 15 00:01:04.239 --> 00:01:08.840 the idea that the United States should use bitcoin as a strategic reserve asset. 16 00:01:10.359 --> 00:01:15.359 That would be so bullish, folks. And once again, regardless of if 17 00:01:15.359 --> 00:01:18.439 you love or hate Trump, that's not the point. The point is not 18 00:01:18.480 --> 00:01:23.000 the politics of all this, but rather crypto has become ubiquitous. It's in 19 00:01:23.079 --> 00:01:26.640 politics, in pop culture, society, tradify. People cannot ignore it anymore. 20 00:01:26.719 --> 00:01:30.359 They are forced to take a position. They have to understand it, 21 00:01:30.400 --> 00:01:34.000 they have to embrace it in one way or the other. It is here 22 00:01:34.040 --> 00:01:37.760 to stay. It is the next layer on top of the Internet. And 23 00:01:37.840 --> 00:01:42.120 I'm glad I'm here early buying the lows and looking to sell the highs to 24 00:01:42.159 --> 00:01:47.120 make incredible returns, and seeing what is on the horizon that this technology is 25 00:01:47.159 --> 00:01:49.959 the next layer of the Internet. It's going to change how we do commerce 26 00:01:51.079 --> 00:01:53.519 and transact with each other and trust each other. It's going to change markets 27 00:01:53.519 --> 00:01:57.640 and turn them into truly global markets running on the blockchain. Twenty four to 28 00:01:57.640 --> 00:02:02.239 seven, So guys, big news coming next week, and I'm excited for 29 00:02:02.280 --> 00:02:07.560 this because I think the markets will react positively. In addition, you have 30 00:02:07.640 --> 00:02:12.240 the etherorem SPOTTYTFS launching on the twenty third, which is Tuesday, So get 31 00:02:12.280 --> 00:02:15.800 ready, folks. I think we're gonna see some fireworks. Now. I'm 32 00:02:15.800 --> 00:02:20.039 not expecting bitcoin to cross one hundred thousand dollars next week, but rather we're 33 00:02:20.080 --> 00:02:23.479 building the bullish momentum right which will carry us to that new all time high 34 00:02:23.639 --> 00:02:27.680 because market cycle still has to play out. Right now, we're seeing the 35 00:02:27.719 --> 00:02:30.800 market cycles play out. Bitcoin to day bounce and now it's cooling off a 36 00:02:30.800 --> 00:02:35.080 bit. It's gonna build support levels, then it's gonna pump again. You 37 00:02:35.120 --> 00:02:38.039 know how it goes right, Nothing goes up in a straight line. But 38 00:02:38.080 --> 00:02:44.000 folks, this is incredible news. Here's what Hunter Horseley of Bitwise Asset Management 39 00:02:44.039 --> 00:02:46.599 had to say about this. He said, people are so used to headwinds 40 00:02:46.759 --> 00:02:51.719 that it's hard for them to even imagine the possibility of tailwinds. In DC, 41 00:02:52.199 --> 00:02:55.000 we're entering a new chapter. Like I said, crypto has crostechasm. 42 00:02:55.159 --> 00:03:00.759 It's become ubiquitous, and now we have a lot of people embracing yet because 43 00:03:00.319 --> 00:03:04.919 it has become a political force and an issue in a topic they can't ignore 44 00:03:04.960 --> 00:03:07.919 anymore. This is incredible and folks, we continue to see black Rock and 45 00:03:08.000 --> 00:03:13.680 all of the etf issuers buying up tons of bitcoin. It's like a bitcoin 46 00:03:13.919 --> 00:03:16.680 vacuum. It's just sucking all the bitcoin up in the market. We got 47 00:03:16.719 --> 00:03:22.840 reports here that black Rocks i bit bitcoin flows today was one hundred point four 48 00:03:23.039 --> 00:03:28.840 million dollars. To be exact, they bought sixteen hundred bitcoin. Nick Garraci 49 00:03:28.960 --> 00:03:32.199 of the ETF store said dgen Retail, he's being sarcastic. Has now bought 50 00:03:32.360 --> 00:03:38.479 one point one billion dollars in iher's bitcoin ETF since last Monday, nine straight 51 00:03:38.560 --> 00:03:44.080 days of inflows one point one billion dollars in bitcoin. There are people out 52 00:03:44.080 --> 00:03:46.639 there who are still perish. They were like, oh, that's it. 53 00:03:46.680 --> 00:03:51.719 The bull market's over. We're scared. This is Oh my gosh, zoom 54 00:03:51.719 --> 00:03:53.439 out when in down, zoom out, look at the macro. That's how 55 00:03:53.479 --> 00:03:58.159 these big institutional players are looking at it. And now, with the aggregate 56 00:03:58.240 --> 00:04:01.479 of all the issuers the the US spot bitcoin ETF balances have hit a new 57 00:04:01.520 --> 00:04:06.039 all time high of more than nine hundred thousand, six hundred and thirty six 58 00:04:06.240 --> 00:04:12.599 bitcoin over nine hundred thousands. That's including wisdom Tree, Franklin, Templeton, 59 00:04:12.840 --> 00:04:15.199 Arc, bit Wise, Grayscale, black Rock, and so forth, all 60 00:04:15.199 --> 00:04:19.560 the big names. Incredible stuff, folks. I hope you see what's taking 61 00:04:19.600 --> 00:04:25.720 place here. And as stated before. Those etheroum spot ETFs are coming next 62 00:04:25.720 --> 00:04:30.319 week, per Bloomberg that the launch is taking place on Tuesday, So billions 63 00:04:30.360 --> 00:04:33.000 will go into the Etherum ETF, not the same amount that went into bitcoin. 64 00:04:33.079 --> 00:04:38.439 I think etherum will probably see twenty five to thirty percent of what of 65 00:04:38.480 --> 00:04:43.199 the inflows that Bitcoin saw. But nevertheless, it's very bullish for the entire 66 00:04:43.279 --> 00:04:46.439 market because eth is of course the biggest all coin out there right it's the 67 00:04:46.519 --> 00:04:50.160 number two in market cap. And remember there's a lot of layer twos, 68 00:04:50.399 --> 00:04:54.120 there are a lot of tokens and so forth that are built on Etheroreum, 69 00:04:54.519 --> 00:04:58.199 and it's very bullish for the entire all coin market. And there's talks of 70 00:04:58.240 --> 00:05:03.439 Salana etf possibly come in twenty twenty five, possibly an XRP etf as well, 71 00:05:03.839 --> 00:05:06.600 that will just be incredible. Now, a great place where you can 72 00:05:06.639 --> 00:05:11.600 buy all bitcoin and all coins like Ether, Salona, XRP, and so 73 00:05:11.639 --> 00:05:15.079 forth is Uphold. It's a platform I've been using for years. They have 74 00:05:15.079 --> 00:05:18.120 two hundred and sixty plus cryptocurrencies. They're available in over one hundred and fifty 75 00:05:18.199 --> 00:05:23.000 countries. They also have precious metals, so you can trade gold, silver, 76 00:05:23.040 --> 00:05:27.480 palladium, and platinum. Uphold is also fully reserved. They have transparency 77 00:05:27.519 --> 00:05:30.959 reports so they don't co mingle or lend out your funds and all that nonsense. 78 00:05:30.279 --> 00:05:32.360 And like I said, I've been using them for years, so I 79 00:05:32.399 --> 00:05:35.839 can voucher this platform. If we'd like to learn more about Uphold, check 80 00:05:35.839 --> 00:05:40.240 out the link in the description. Now, guys, we know Attorney John 81 00:05:40.279 --> 00:05:44.360 Deeton is running for Senate in the state of Massachusetts. He is running against 82 00:05:44.360 --> 00:05:47.920 Elizabeth Warren. John Deeton is a champion for crypto and many other things, 83 00:05:47.920 --> 00:05:51.879 for freedom and so forth. And I've been talking a lot about John for 84 00:05:51.920 --> 00:05:55.560 a long time, right. I've had him on the podcast before he was 85 00:05:55.639 --> 00:05:59.639 running for Senate many times, and I donated to him. I've been saying, 86 00:05:59.680 --> 00:06:01.319 if you live in the state of Massachusetts, vote for this man and 87 00:06:01.439 --> 00:06:05.240 kick out Warren. And I've also said that if you're outside the state, 88 00:06:05.319 --> 00:06:11.720 donate to him. Tyler and Cameron Winkleboss the twins, of course, have 89 00:06:11.879 --> 00:06:18.000 both donated five hundred thousand dollars in bitcoin to John Deeton to unseat Elizabeth Warren 90 00:06:18.040 --> 00:06:23.360 as US Senator. As Tyler says here, and he gave a full long 91 00:06:23.519 --> 00:06:27.759 threat as to why it's pretty long, so I'm not gonna read this, 92 00:06:27.800 --> 00:06:30.240 but let me just read the opening paragraph. Elizabeth Warren is one of the 93 00:06:30.360 --> 00:06:35.160 single greatest threats to American prosperity when it comes to Crypto. She is public 94 00:06:35.279 --> 00:06:41.000 Enemy number one. She's the chief architect and driver of the Biden Administration's war 95 00:06:41.079 --> 00:06:44.399 and Crypto. It's what I've been saying. I've been telling you guys, 96 00:06:44.439 --> 00:06:50.040 it's not Biden Biden. We know, guys, he's Look. I respect 97 00:06:50.040 --> 00:06:54.920 Biden. I don't want you to get me wrong. I respect President Biden, 98 00:06:55.360 --> 00:06:58.560 and I respect what he's been able to do. But I think it's 99 00:06:58.600 --> 00:07:01.120 time for him to write off and his son said and go retire. It's 100 00:07:01.199 --> 00:07:06.399 passed his time. And I think we need younger blood when it comes to 101 00:07:06.759 --> 00:07:14.399 Democrats and Republicans because these boomers. Look, we can't have boomers the country 102 00:07:14.480 --> 00:07:16.639 right now. But look, that's a whole other topic. But the fact 103 00:07:16.720 --> 00:07:20.279 is Biden, he's got a good team trying to help him. Obviously, 104 00:07:20.360 --> 00:07:24.279 I don't agree with a lot of stuff he's doing. I don't agree with 105 00:07:24.319 --> 00:07:28.120 the administration's approach to Crypto, but a lot of it, as I've been 106 00:07:28.120 --> 00:07:31.879 saying, is Elizabeth Warren she's the one that sent that letter to tell the 107 00:07:31.920 --> 00:07:36.240 Democrats and Republicans don't repeal SAB one two one. It wasn't Biden, and 108 00:07:36.279 --> 00:07:41.000 she's the one that most likely made that call to tell him to veto it. 109 00:07:41.560 --> 00:07:44.839 So please understand this. Biden's not waking up in the morning saying I 110 00:07:44.879 --> 00:07:49.040 hate crypto. He's being advised by Elizabeth Warren and those other cronies like Brad 111 00:07:49.040 --> 00:07:54.920 Sherman and Shearrod Brown and so forth. So Tyler is clearly stating that here 112 00:07:55.639 --> 00:07:58.879 and this is why we got to kick Elizabeth Warren out of office and get 113 00:07:58.959 --> 00:08:03.360 John Deeton in there. So both Tyler and Cameron tweeted about this. You 114 00:08:03.399 --> 00:08:07.360 know their donations, but this is a huge amount that they're donating. And 115 00:08:07.439 --> 00:08:11.240 Cameron says the TLDR with John Deeton is he's pro brick, bitcoin, pro 116 00:08:11.279 --> 00:08:15.839 crypto and pro business and he will put an end to Elizabeth Warren's war on 117 00:08:15.920 --> 00:08:20.639 crypto. Onward. James Murphy aka metalaw Man says that this is massive and 118 00:08:20.639 --> 00:08:26.040 that the million dollars in the Winklevoss Twins to the Commonwealth Unity Fund super pack 119 00:08:26.120 --> 00:08:31.680 supporting John Deeton, it's incredible, it's massive so big win, big win 120 00:08:31.720 --> 00:08:33.360 here, folks. And look like I've been saying, crypto is a political 121 00:08:33.399 --> 00:08:37.159 force. Now, there's a lot of money that's been raised, over one 122 00:08:37.200 --> 00:08:41.960 hundred and sixty million dollars via fair Shake, Ripple, a sixteen Z coinbase. 123 00:08:43.039 --> 00:08:48.000 Put their money where their mouth is, and they are backing the pro 124 00:08:48.039 --> 00:08:50.200 crypto candidates and that includes some Democrats as well, So don't get me wrong, 125 00:08:50.320 --> 00:08:54.399 right, and they're kicking out those who are aligned with Elizabeth Warren. 126 00:08:54.559 --> 00:09:00.720 So the Democrats, though overall screwed up listening to Elizabeth Warren and following her. 127 00:09:00.840 --> 00:09:03.279 They many of them have pivoted, but it's too late. The narrative, 128 00:09:05.039 --> 00:09:07.879 the perspective is already out there that they hate this technology and they're trying 129 00:09:07.879 --> 00:09:11.360 to kill it. So you have a lot of young people to whole crypto. 130 00:09:11.480 --> 00:09:15.679 You have people who just mess around with it, like I know, 131 00:09:16.519 --> 00:09:20.440 literally we have some family friends. I know a mom and a dad who 132 00:09:20.440 --> 00:09:22.080 have a kid. They just mess around with a trading it. They don't 133 00:09:22.519 --> 00:09:26.919 they're not necessarily supporters of it, but the fact that you're trying to stop 134 00:09:28.000 --> 00:09:31.559 them from investing and doing their thing and earning some money, it's pathetic. 135 00:09:31.679 --> 00:09:37.240 So Elizabeth Warren poisoned the well here for the Democrats. So it is what 136 00:09:37.279 --> 00:09:41.879 it is, and they're going to pay heavily in the elections coming up. 137 00:09:41.360 --> 00:09:46.480 Now, speaking of that, the elections, Crypto super pac spends one point 138 00:09:46.600 --> 00:09:52.080 three million dollars on media buy for Arizona Democrat. So this is the first 139 00:09:52.080 --> 00:09:56.559 I've been hearing about this person and this situation. The political action Committee Protect 140 00:09:56.799 --> 00:10:01.279 Progress has used more than one point three million dollars to support the campaign of 141 00:10:01.360 --> 00:10:07.759 Democratic candidate for Arizona's third congressional district. According to expenditures filed with the Federal 142 00:10:07.799 --> 00:10:13.000 Election Commission, the Protect Progress super pac disseminated more than one point three million 143 00:10:13.080 --> 00:10:18.519 in a media buy to support Yasamin Ansari. The Arizona Democrat, will compete 144 00:10:18.600 --> 00:10:24.960 for the congressional seat in a July thirtieth primary against Roquel Tehran and Dwayne Wuten. 145 00:10:26.639 --> 00:10:31.679 Though Tehran's and Wuten's policy positions on crypto and blockchain were unclear at the 146 00:10:31.679 --> 00:10:37.399 time of publication, Ansari's campaign website stated she supported leading the way in blockchain 147 00:10:37.399 --> 00:10:45.480 and crypto innovation. The Democratic candidate also completed Coinbasis Standable Crypto questionnaire suggesting she 148 00:10:45.519 --> 00:10:50.240 would support pro crypto legislation if elected to Congress. So going back to my 149 00:10:50.320 --> 00:10:54.759 point, the Fairshake funds are going to both Democrats and Republicans. Now it's 150 00:10:54.879 --> 00:10:58.639 largely Republicans, but many Democrats, like I said, have woken up and 151 00:11:00.200 --> 00:11:03.200 departed from Elizabeth Warren and Gary against it. But it's a bit too late, 152 00:11:03.240 --> 00:11:07.240 but at least we're seeing some progress on the Democrat front across the country. 153 00:11:07.320 --> 00:11:09.639 So at the end of the day, cryptos should not be a partisan 154 00:11:09.679 --> 00:11:13.440 issue. It shouldn't be. But Elizabeth Warren, like I said, poisoned 155 00:11:13.440 --> 00:11:18.240 the well. She created all this nonsense. Now moving ahead, guys, 156 00:11:18.320 --> 00:11:24.360 an Amoka Standard charter team up in the HKMA stable coin sandbox. So we're 157 00:11:24.360 --> 00:11:30.399 seeing globally the piloting of stable coins and CBDCs and the testing of blockchain with 158 00:11:30.519 --> 00:11:33.799 tokenization and so forth in some of the biggest names. We got bank stock 159 00:11:33.840 --> 00:11:39.159 exchanges, the largest financial firms in the world. So a day after winding 160 00:11:39.279 --> 00:11:43.960 up the consultation period on stable coin issuer regulations, the Hong Kong Monetary Authority 161 00:11:45.240 --> 00:11:48.919 announced the first participants in its stable coin issuer sandbox. They are a company 162 00:11:48.960 --> 00:11:54.759 linked to a large Chinese e commerce retailer, a local fintech and coalition of 163 00:11:54.799 --> 00:12:00.600 Standard Chartered Bank and Amoca Brands and Hong Kong Telecommunications. Now Amocha Brands is 164 00:12:00.720 --> 00:12:03.600 big time in their Web three crypto space. They have tons of capital. 165 00:12:03.600 --> 00:12:07.799 They've been investing left and right, especially in game five and much more. 166 00:12:09.039 --> 00:12:11.360 I'm actually trying to get the CEO and a local brands on the pod, 167 00:12:11.720 --> 00:12:15.879 so I'll let you guys know about that. And Standard Chartered Bank, I 168 00:12:15.919 --> 00:12:18.840 don't need to explain about that, right, one of the big banks you 169 00:12:18.840 --> 00:12:22.759 know who's doing as much as they can in crypto. So the participants will 170 00:12:22.840 --> 00:12:28.480 undergo an assessment process as the hopeful stable coin users test their operational plans and 171 00:12:28.559 --> 00:12:33.080 communicate with regulators on the proposed regulatory regime. So, folks, we're seeing 172 00:12:33.080 --> 00:12:37.879 stable coins being launched globally. Yesterday I shared the news that State Street, 173 00:12:37.159 --> 00:12:43.000 the massive financial firm and bank, they are testing a stable coin, a 174 00:12:43.320 --> 00:12:48.639 settlement token. The folks at van k launched the Agora Dollar AUSD. They 175 00:12:48.679 --> 00:12:50.519 are a big Wall Street firm that's been around for a long time. So 176 00:12:52.200 --> 00:12:54.480 Ripple is going to be launching their stable coins soon. So incredible stuff. 177 00:12:54.519 --> 00:12:58.919 Folks, I'm so bullish on the future of this market. And as always, 178 00:12:58.519 --> 00:13:01.919 what we want to find out is which blockchain are they going to launch 179 00:13:01.960 --> 00:13:05.639 this token on, because that's important, which blockchains are getting the adoption, 180 00:13:07.039 --> 00:13:11.399 and that's where you can, you know, strategically invest in different tokens of 181 00:13:11.399 --> 00:13:13.919 those set blockchains. So if they're building on ethy xrp Ledge or a h 182 00:13:15.039 --> 00:13:18.039 Bar or Adera or whatever, right, you can get an idea which one 183 00:13:18.080 --> 00:13:22.840 which blockchains are getting adoption and what's what's the native token and take a position. 184 00:13:22.159 --> 00:13:24.960 Now that's not the only factor. You've got to look at the charts 185 00:13:24.960 --> 00:13:28.519 and technical analysis. You got to look at the tokenomics. But anything that's 186 00:13:28.559 --> 00:13:35.000 getting adoption will grow in value over time because of Metcap's law, where you 187 00:13:35.080 --> 00:13:37.879 have network effects, they don't necessarily have to use the token it. It's 188 00:13:37.919 --> 00:13:43.919 the example I've shared over the years, Facebook, before they even monetized anything, 189 00:13:43.240 --> 00:13:48.639 had a valuation of millions of dollars. Why because there were people on 190 00:13:48.720 --> 00:13:54.480 there. You had activity and that had potential for monetization, that generated traffic 191 00:13:54.559 --> 00:13:58.759 and the potential to then sell ads. Well. Blockchain networks same principle. 192 00:14:00.080 --> 00:14:03.480 More people on the network, more builders the more transactions on the blockchains, 193 00:14:03.480 --> 00:14:07.360 the more valuable becomes the more the token is being used behind the scenes because 194 00:14:07.360 --> 00:14:13.080 the token greases the rails right for transaction fees and so forth. Even if 195 00:14:13.080 --> 00:14:16.600 the token itself is not being used, the fact is the token is being 196 00:14:16.759 --> 00:14:22.759 used behind the scenes to fund the network, to help things to processes to 197 00:14:22.840 --> 00:14:26.639 go through. So this is an important factor you have to take into consideration. 198 00:14:26.799 --> 00:14:31.039 And a clear example of that, I would say is Etherorem. Just 199 00:14:31.080 --> 00:14:35.679 look at what icos, NFTs, DeFi and so forth for Etherorem, even 200 00:14:35.679 --> 00:14:37.480 if the token is not being used, just the building on it right. 201 00:14:39.240 --> 00:14:43.039 So pretty incredible stuff and I'm excited for the future of this market. Folks, 202 00:14:43.120 --> 00:14:46.320 let me know what you think. Leave your thoughts and comments below. 203 00:14:46.399 --> 00:14:50.120 Don't forget to sign up for my free email newsletter on substack. Also grab 204 00:14:50.120 --> 00:14:54.080 a copy of my book to help support the podcast. It covers Crypto's past, 205 00:14:54.120 --> 00:14:58.879 president and future. It's available on Amazon in digital as well as paperback. 206 00:14:58.080 --> 00:15:01.240 It's also available on Barnes and Nobles dot com. Grab a couple of 207 00:15:01.240 --> 00:15:05.840 copies for your friends and family to help them understand Crypto if they want to 208 00:15:05.879 --> 00:15:09.279 learn about it. If you bought a copy already. Please please please leave 209 00:15:09.320 --> 00:15:11.919 a rating and review. It would really help me out and support me. 210 00:15:11.320 --> 00:15:15.000 Thank you so much, and I'll talk to you all later.