Hey, everybody, Welcome into the Thinking Crypto podcast, your home for cryptocurrency
news and interviews. I'm your host, Tony Edward. On your way in.
Please let that subscribe button as well as a thumbsup button and leave a
comment below. If you're listening on a podcast platform such as Spotify or Apple,
please leave a five star rating and review. Folks, We've got some
very big news that broke today, and that is Donald Trump is expected to
announce his US Bitcoin strategic reserve plan at the Bitcoin twenty two and four conference
in Nashville next week. This is pretty huge and it's coming from Dennis Porter,
who is a very credible source. I know Dennis. He does a
lot of advocacy and education work in trying to get crypto regulations through. He's
the CEO and co founder of this Satoshi Act fund. He says, this
is not a joke. My sources are credible, and we've been hearing rumors
about this that Donald Trump's going to make a huge announcement that's going to be
very impactful about biitcod and crypto. So it would make sense if he proposes
the idea that the United States should use bitcoin as a strategic reserve asset.
That would be so bullish, folks. And once again, regardless of if
you love or hate Trump, that's not the point. The point is not
the politics of all this, but rather crypto has become ubiquitous. It's in
politics, in pop culture, society, tradify. People cannot ignore it anymore.
They are forced to take a position. They have to understand it,
they have to embrace it in one way or the other. It is here
to stay. It is the next layer on top of the Internet. And
I'm glad I'm here early buying the lows and looking to sell the highs to
make incredible returns, and seeing what is on the horizon that this technology is
the next layer of the Internet. It's going to change how we do commerce
and transact with each other and trust each other. It's going to change markets
and turn them into truly global markets running on the blockchain. Twenty four to
seven, So guys, big news coming next week, and I'm excited for
this because I think the markets will react positively. In addition, you have
the etherorem SPOTTYTFS launching on the twenty third, which is Tuesday, So get
ready, folks. I think we're gonna see some fireworks. Now. I'm
not expecting bitcoin to cross one hundred thousand dollars next week, but rather we're
building the bullish momentum right which will carry us to that new all time high
because market cycle still has to play out. Right now, we're seeing the
market cycles play out. Bitcoin to day bounce and now it's cooling off a
bit. It's gonna build support levels, then it's gonna pump again. You
know how it goes right, Nothing goes up in a straight line. But
folks, this is incredible news. Here's what Hunter Horseley of Bitwise Asset Management
had to say about this. He said, people are so used to headwinds
that it's hard for them to even imagine the possibility of tailwinds. In DC,
we're entering a new chapter. Like I said, crypto has crostechasm.
It's become ubiquitous, and now we have a lot of people embracing yet because
it has become a political force and an issue in a topic they can't ignore
anymore. This is incredible and folks, we continue to see black Rock and
all of the etf issuers buying up tons of bitcoin. It's like a bitcoin
vacuum. It's just sucking all the bitcoin up in the market. We got
reports here that black Rocks i bit bitcoin flows today was one hundred point four
million dollars. To be exact, they bought sixteen hundred bitcoin. Nick Garraci
of the ETF store said dgen Retail, he's being sarcastic. Has now bought
one point one billion dollars in iher's bitcoin ETF since last Monday, nine straight
days of inflows one point one billion dollars in bitcoin. There are people out
there who are still perish. They were like, oh, that's it.
The bull market's over. We're scared. This is Oh my gosh, zoom
out when in down, zoom out, look at the macro. That's how
these big institutional players are looking at it. And now, with the aggregate
of all the issuers the the US spot bitcoin ETF balances have hit a new
all time high of more than nine hundred thousand, six hundred and thirty six
bitcoin over nine hundred thousands. That's including wisdom Tree, Franklin, Templeton,
Arc, bit Wise, Grayscale, black Rock, and so forth, all
the big names. Incredible stuff, folks. I hope you see what's taking
place here. And as stated before. Those etheroum spot ETFs are coming next
week, per Bloomberg that the launch is taking place on Tuesday, So billions
will go into the Etherum ETF, not the same amount that went into bitcoin.
I think etherum will probably see twenty five to thirty percent of what of
the inflows that Bitcoin saw. But nevertheless, it's very bullish for the entire
market because eth is of course the biggest all coin out there right it's the
number two in market cap. And remember there's a lot of layer twos,
there are a lot of tokens and so forth that are built on Etheroreum,
and it's very bullish for the entire all coin market. And there's talks of
Salana etf possibly come in twenty twenty five, possibly an XRP etf as well,
that will just be incredible. Now, a great place where you can
buy all bitcoin and all coins like Ether, Salona, XRP, and so
forth is Uphold. It's a platform I've been using for years. They have
two hundred and sixty plus cryptocurrencies. They're available in over one hundred and fifty
countries. They also have precious metals, so you can trade gold, silver,
palladium, and platinum. Uphold is also fully reserved. They have transparency
reports so they don't co mingle or lend out your funds and all that nonsense.
And like I said, I've been using them for years, so I
can voucher this platform. If we'd like to learn more about Uphold, check
out the link in the description. Now, guys, we know Attorney John
Deeton is running for Senate in the state of Massachusetts. He is running against
Elizabeth Warren. John Deeton is a champion for crypto and many other things,
for freedom and so forth. And I've been talking a lot about John for
a long time, right. I've had him on the podcast before he was
running for Senate many times, and I donated to him. I've been saying,
if you live in the state of Massachusetts, vote for this man and
kick out Warren. And I've also said that if you're outside the state,
donate to him. Tyler and Cameron Winkleboss the twins, of course, have
both donated five hundred thousand dollars in bitcoin to John Deeton to unseat Elizabeth Warren
as US Senator. As Tyler says here, and he gave a full long
threat as to why it's pretty long, so I'm not gonna read this,
but let me just read the opening paragraph. Elizabeth Warren is one of the
single greatest threats to American prosperity when it comes to Crypto. She is public
Enemy number one. She's the chief architect and driver of the Biden Administration's war
and Crypto. It's what I've been saying. I've been telling you guys,
it's not Biden Biden. We know, guys, he's Look. I respect
Biden. I don't want you to get me wrong. I respect President Biden,
and I respect what he's been able to do. But I think it's
time for him to write off and his son said and go retire. It's
passed his time. And I think we need younger blood when it comes to
Democrats and Republicans because these boomers. Look, we can't have boomers the country
right now. But look, that's a whole other topic. But the fact
is Biden, he's got a good team trying to help him. Obviously,
I don't agree with a lot of stuff he's doing. I don't agree with
the administration's approach to Crypto, but a lot of it, as I've been
saying, is Elizabeth Warren she's the one that sent that letter to tell the
Democrats and Republicans don't repeal SAB one two one. It wasn't Biden, and
she's the one that most likely made that call to tell him to veto it.
So please understand this. Biden's not waking up in the morning saying I
hate crypto. He's being advised by Elizabeth Warren and those other cronies like Brad
Sherman and Shearrod Brown and so forth. So Tyler is clearly stating that here
and this is why we got to kick Elizabeth Warren out of office and get
John Deeton in there. So both Tyler and Cameron tweeted about this. You
know their donations, but this is a huge amount that they're donating. And
Cameron says the TLDR with John Deeton is he's pro brick, bitcoin, pro
crypto and pro business and he will put an end to Elizabeth Warren's war on
crypto. Onward. James Murphy aka metalaw Man says that this is massive and
that the million dollars in the Winklevoss Twins to the Commonwealth Unity Fund super pack
supporting John Deeton, it's incredible, it's massive so big win, big win
here, folks. And look like I've been saying, crypto is a political
force. Now, there's a lot of money that's been raised, over one
hundred and sixty million dollars via fair Shake, Ripple, a sixteen Z coinbase.
Put their money where their mouth is, and they are backing the pro
crypto candidates and that includes some Democrats as well, So don't get me wrong,
right, and they're kicking out those who are aligned with Elizabeth Warren.
So the Democrats, though overall screwed up listening to Elizabeth Warren and following her.
They many of them have pivoted, but it's too late. The narrative,
the perspective is already out there that they hate this technology and they're trying
to kill it. So you have a lot of young people to whole crypto.
You have people who just mess around with it, like I know,
literally we have some family friends. I know a mom and a dad who
have a kid. They just mess around with a trading it. They don't
they're not necessarily supporters of it, but the fact that you're trying to stop
them from investing and doing their thing and earning some money, it's pathetic.
So Elizabeth Warren poisoned the well here for the Democrats. So it is what
it is, and they're going to pay heavily in the elections coming up.
Now, speaking of that, the elections, Crypto super pac spends one point
three million dollars on media buy for Arizona Democrat. So this is the first
I've been hearing about this person and this situation. The political action Committee Protect
Progress has used more than one point three million dollars to support the campaign of
Democratic candidate for Arizona's third congressional district. According to expenditures filed with the Federal
Election Commission, the Protect Progress super pac disseminated more than one point three million
in a media buy to support Yasamin Ansari. The Arizona Democrat, will compete
for the congressional seat in a July thirtieth primary against Roquel Tehran and Dwayne Wuten.
Though Tehran's and Wuten's policy positions on crypto and blockchain were unclear at the
time of publication, Ansari's campaign website stated she supported leading the way in blockchain
and crypto innovation. The Democratic candidate also completed Coinbasis Standable Crypto questionnaire suggesting she
would support pro crypto legislation if elected to Congress. So going back to my
point, the Fairshake funds are going to both Democrats and Republicans. Now it's
largely Republicans, but many Democrats, like I said, have woken up and
departed from Elizabeth Warren and Gary against it. But it's a bit too late,
but at least we're seeing some progress on the Democrat front across the country.
So at the end of the day, cryptos should not be a partisan
issue. It shouldn't be. But Elizabeth Warren, like I said, poisoned
the well. She created all this nonsense. Now moving ahead, guys,
an Amoka Standard charter team up in the HKMA stable coin sandbox. So we're
seeing globally the piloting of stable coins and CBDCs and the testing of blockchain with
tokenization and so forth in some of the biggest names. We got bank stock
exchanges, the largest financial firms in the world. So a day after winding
up the consultation period on stable coin issuer regulations, the Hong Kong Monetary Authority
announced the first participants in its stable coin issuer sandbox. They are a company
linked to a large Chinese e commerce retailer, a local fintech and coalition of
Standard Chartered Bank and Amoca Brands and Hong Kong Telecommunications. Now Amocha Brands is
big time in their Web three crypto space. They have tons of capital.
They've been investing left and right, especially in game five and much more.
I'm actually trying to get the CEO and a local brands on the pod,
so I'll let you guys know about that. And Standard Chartered Bank, I
don't need to explain about that, right, one of the big banks you
know who's doing as much as they can in crypto. So the participants will
undergo an assessment process as the hopeful stable coin users test their operational plans and
communicate with regulators on the proposed regulatory regime. So, folks, we're seeing
stable coins being launched globally. Yesterday I shared the news that State Street,
the massive financial firm and bank, they are testing a stable coin, a
settlement token. The folks at van k launched the Agora Dollar AUSD. They
are a big Wall Street firm that's been around for a long time. So
Ripple is going to be launching their stable coins soon. So incredible stuff.
Folks, I'm so bullish on the future of this market. And as always,
what we want to find out is which blockchain are they going to launch
this token on, because that's important, which blockchains are getting the adoption,
and that's where you can, you know, strategically invest in different tokens of
those set blockchains. So if they're building on ethy xrp Ledge or a h
Bar or Adera or whatever, right, you can get an idea which one
which blockchains are getting adoption and what's what's the native token and take a position.
Now that's not the only factor. You've got to look at the charts
and technical analysis. You got to look at the tokenomics. But anything that's
getting adoption will grow in value over time because of Metcap's law, where you
have network effects, they don't necessarily have to use the token it. It's
the example I've shared over the years, Facebook, before they even monetized anything,
had a valuation of millions of dollars. Why because there were people on
there. You had activity and that had potential for monetization, that generated traffic
and the potential to then sell ads. Well. Blockchain networks same principle.
More people on the network, more builders the more transactions on the blockchains,
the more valuable becomes the more the token is being used behind the scenes because
the token greases the rails right for transaction fees and so forth. Even if
the token itself is not being used, the fact is the token is being
used behind the scenes to fund the network, to help things to processes to
go through. So this is an important factor you have to take into consideration.
And a clear example of that, I would say is Etherorem. Just
look at what icos, NFTs, DeFi and so forth for Etherorem, even
if the token is not being used, just the building on it right.
So pretty incredible stuff and I'm excited for the future of this market. Folks,
let me know what you think. Leave your thoughts and comments below.
Don't forget to sign up for my free email newsletter on substack. Also grab
a copy of my book to help support the podcast. It covers Crypto's past,
president and future. It's available on Amazon in digital as well as paperback.
It's also available on Barnes and Nobles dot com. Grab a couple of
copies for your friends and family to help them understand Crypto if they want to
learn about it. If you bought a copy already. Please please please leave
a rating and review. It would really help me out and support me.
Thank you so much, and I'll talk to you all later.