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Hey, everybody, welcome into the
Thinking Crypto podcast. You're home for cryptocurrency

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news and interviews. On your way
in, please hit that subscribe button as

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well as the thumbs up button and
leave a comment below. If you're listening

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on a podcast platform such as Spotify
or Apple or wherever you get your podcasts,

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please hit that five star rating and
review. Folks. Gary Ginster is

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feeling the pressure. Not only is
he losing in the courts and getting sanctioned

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and much more and Democrats turning on
him, but Congress is looking to cut

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his budget. Remember we've been talking
about this for a while. I've had

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interviews with Congressman Tom Emmer and a
bunch of folks who are part of the

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House Financial Services GOP. And one
of the things that I remember Bill Heizinger,

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Congressman Bill Heizinger had said is that
they control the purse strings and if

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Gary Ginster does not act accordingly,
they will cut his budget. Well,

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there's a proposal to do this.
Let me give it details here from Eleanor

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Tarrata Fox Business. She says,
look what has found its way into the

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House Appropriation's GOP budget bill that is
set to be marked up at a hearing

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tomorrow at eight thirty am Eastern.
One of the provisions, or policy writers

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of the bill prohibits the SEC from
using appropriated funds to implement SAB one two

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one, as well as its controversial
climate disclosure role. It also provides the

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SEC with just two billion dollars in
overall funding in fiscal year twenty twenty five,

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compared to the two point five to
nine billion dollars requested by Gary Genser

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earlier this year. It also cuts
back funding of the SEC's Aggressive Enforcement Division

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by one hundred and sixty eight million
dollars. That's great news, folks,

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because we've seen the SEC run amuck
and breaking the law and much more.

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We're actually going to talk about some
debt box news after this, she says.

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I'm told the bill will likely pass
on party lines tomorrow and then will

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have to be negotiated with any appropriation
bill the Senate passes. But positive news

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for the SAB one to one policy
writer is that many Senate Democrats also voted

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to overturn SAB one to one,
including Senator Chuck Schumer, so it's likely

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that the provision will be kept in
when the final bill ultimately finally gets voted

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on. So great news. They're
going to cut the SEC's budget and specifically

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pull back on the Enforcement Division's budget
so that they can't do all the madness

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they've been doing against crypto. Obviously, they need to fund operations because there

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are bad actors out there they need
to go after. But this is a

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great way to put Gary Ginster in
check, and they're going to go after

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a sab one to one with these
budget updates. Now, with this in

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mind, here's the news that broke
today. The SEC's Salt Lake City office,

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notorious in the crypto world for its
failed fraud lawsuit against Debt Box,

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will shut down after seeing significant attrition
among its staff, some of whom were

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pushed out over the case. So
a lot of people jumping ship here,

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right. They don't want to be
associated with this. Why would you want

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you to do it? It's career
suicide. Gary Ginster is probably the only

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one that's safe among the SEC because
he's probably been promised the Treasury job.

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We've heard reports about this, So
he's kissing ass as much as possible.

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He's doing everything that Elizabeth Warren tells
him because she's the one pulling the strings

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and he doesn't care. He's breaking
the law, he's getting sanctioned, he's

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getting called arbitrary and capricious lying to
the courts, and much more. But

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he doesn't care because at the end
of the day, Elizabeth Warren has probably

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promised them the Treasury job. Now, folks, tomorrow I'll be interviewing the

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founder of debt Box. So I'm
going to get you the details as to

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what the hell happened here and behind
the scenes and the outcome and much more,

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and what it was like dealing with
the SEC. We're going to bring

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all these things to like to hold
scumbag regulator Gary Ginser accountable. Now,

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in addition to that hearing I told
you guys about with the House Appropriations GOP,

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there's also the Financial Services Committee Subcommittee
on Digital Assets, how tokenization of

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real world assets will facilitate efficient markets. They're going to talk about tokenization,

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folks. Crypto is so big they
can't ignore it anymore. They're having congressional

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hearings about it multiple ones. There's
crypto regulations bills that are making it through

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the House and entering the Senate.
Presidential candidates like Donald Trump is coming out,

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you know, supporting crypto, saying
I'm the pro crypto candidate, and

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it doesn't matter if you hate Donald
Trump or I love him. That's not

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the point. The point is crypto
has hit its tipping point going mainstream.

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I've been saying it's become ubiquitous.
It is appearing everywhere Wall Street, tradify,

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politics, pop culture, society.
There are movies and TV shows now

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that include crypto as a topic and
fits within the storyline, and much more.

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I'm sure you guys have seen it, right. We've been covering like

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The Simpsons talking about crypto in multiple
episodes. There's TV shows and movies and

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so forth. So pretty incredible what's
happening. And these are signs of a

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maturing, growing asset class. And
I'm glad I'm here early. So I'm

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taking my positions because I'm here to
make money, folks, and I'm looking

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to make the biggest return as possible
to give myself financial freedom. Now,

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don't get me wrong, I'm here
for the money, but I'm staying for

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the technology as well. Right,
Come for the money, stay for the

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technology. So I am passionate about
the technology. It is the future.

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It's the next layer on top of
the Internet. And it's going to change

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the way we transact and trust each
other and so forth. The economy is

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going to be run on blockchain because
everything will be tokenized on it. We're

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seeing governments are building CBDCs and stable
coins and real world assets like cars,

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real estate, artwork and whatever else. We'll all be on the blockchain.

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So great stuff ahead. Now,
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about bitgo, check out the link
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com. Now, folks, we're
starting to see the bitcoin ETF inflows surge

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again. And I've been talking about
this. It's going to come in waves,

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and I've interviewed folks from Bloomberg like
Eric Balchina's James Seifert and so forth,

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and it comes in waves, right, You're gonna see run ups and

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then a cool down and another run
up, kind of like how the market

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moves. And we're getting news here
that Fidelity had plus three hundred and seventy

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nine point three million dollars of inflows
today. Eric Balcunas of Bloomberg said,

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Fidelity not messing around big time flows
all around today for the ten nearly one

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billion in total. So you're talking
about all ten ETFs, second best day

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ever since mid March three point three
billion dollars in the past four weeks,

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nets a year to date at fifteen
billion dollars, which was the top end

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of our twelve month estimate. The
third wave is turning into a title wave,

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folks. It's going to eventually become
a tsunami. Because we also got

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news that Thailand they launch their bigcoin
ETFs today as well. Notice a trend

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here, right, United States move, then Hong Kong, then London,

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now Thailand. It's happening globally.
Game theory playing out right before our eyes.

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I hope you guys are seeing what
is taking place here. We've crossed

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the chasm. There's no more stigma, there's no more this is a fad,

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this is a ponzi, this is
a fake magic Internet money, right,

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and there's none of that. These
people recognize this technology and the acid

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class. But it's what we've talked
about for a long time. First they

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ignore you, then they laugh at
you, then they fight you. Right,

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We've been in the fight phase for
the past couple of years. Then

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you win. We're transitioning from the
then you fight you phase to the then

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you win phase. So incredible stuff
here, folks, and even Grayscales GBTC

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is seeing some inflows again. They
had over twenty eight point two million dollars

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inflows today. Incredible stuff. And
Bitcoin folks on the charts is looking poise

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for another move up right now at
the time of recording, it's near seventy

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one thousand and Kevin Spencon I've been
sharing his parabolic curve pattern analysis and it

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is following the textbook chart perfectly to
a t. I gotta give this man

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a lot of credit here, and
he's setting his target at a ninety thousand

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for the next move up. Don't
get me wrong. It's gonna pump,

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pull back, pump, pull back
until it hits that. Now we could

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go higher. I'm thinking it's somewhere
between eighty to ninety, but it could

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go to ninety five to one hundred. Who knows, right, But have

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your sell targets if you hold bitcoin, I'm prosingly gonna start taking profits ninety

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K plus dollar costs averaging out the
same way I dollar cost average in.

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Now you may say, Tony,
why aren't you waiting for two hundred thousand

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dollars? Well, I don't know
if that's going to happen, right,

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that's not a guarantee on the charts. Using the Fibonacci model, it's possible,

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but it's not guaranteed. So I've
learned my lesson, folks. I'm

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not cashing out all at ninety to
one hundred. I'm cashing out some,

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and then it goes higher than one
hundred k. I take some at one

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ten and one twenty, and you
know, we'll see how the charts and

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what's happening with the macro and much
more, and we'll get some signals as

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to where this top may be.
Now, the top may come until next

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year, but we'll have to wait
and see what's happening here. Nevertheless,

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I will be taking some profits,
and obviously I hold bitcoin in all coins,

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so we're going to see what the
alts do. After Bitcoin does it's

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run up, the liquidity will flow
from Bitcoin down to the alts and folks.

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We're seeing meme coins continue to go
crazy. In fact crack and exchange.

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This is wild. What a time
we live in the meme coins bode

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in and trimp. Boden is supposed
to be Biden and Trump is supposed to

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be Trump. These meme coins that
were created have been both listed on crack

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and Exchange. Oh my gosh.
And then the meme they shared today with

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the two of them kind of debating
is hilarious. I don't even know what

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to make of it. Is funny, but it's also like super risky to

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invest in these things, so I'm
not endorsing it. I'm just sharing you

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with you, guys, what's happening. I think you all know my stance

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on meme coins and that it is
the riskiest segment of the market. I'm

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not hating if you're making money on
it, you know what you're doing.

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Then God bless, I'm not here
to tell you not to do it.

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I'm saying it's not for me.
I'm not touching any meme coins. Don't

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get me wrong. I have a
little bit of doge coin, but it's

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more of a collectible thing. I'm
not. I don't have like a massive

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bag of doge coin. I'm not
betting on meme coins, but I do

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understand the liquidity is going to them
right now, and I am looking for

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that liquidity to flow to other all
coins like Carnano and XRP and h bar

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00:10:56.720 --> 00:11:00.279
and so forth, so many other
coins that I hold. So nevertheless,

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fascinating stuff here. And folks,
I've got some big interviews coming up for

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you guys. Next week. I'll
be interviewing Charles Hoskinson, founder of Cardano,

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So if you have questions, please
send them men email, leave them

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in the comments section, or hit
me up on Twitter. I will also

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be interviewing this week Hugo Fillyon,
who is the co founder of Flair and

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the CEO of Flair Labs. So
you don't want to miss these interviews.

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And like I said, I'm interviewing
the folks at debt Box tomorrow, so

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I got some big interviews coming up
with you guys. In fact, I'll

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also be interviewing Nate Garachi, president
of the ETF Store, this week,

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so we're going to talk all things
ETF. And I think the timing is

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perfect because we're seeing the inflow is
going nuts again. But guys, I'm

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working hard to bring you guys great
content and interviews. If you can,

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00:11:41.840 --> 00:11:46.639
please support the podcast by buying a
copy of my book on Amazon and leaving

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a review. If you bought the
book already, you know, leave a

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00:11:48.639 --> 00:11:52.799
review. Please really help support the
podcast. And it's available in paperback and

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00:11:52.840 --> 00:11:56.919
digital. The digital is, of
course cheaper. I'm not trying to make

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a ton of money. I'm trying
to actually spread the awareness because I think

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you all know people don't make money
off selling books. It's the amount of

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00:12:05.440 --> 00:12:09.600
capital I put into, you know, writing the book. I'm not even

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break even yet. So the point
is not going to sell you know,

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all these books and become a multi
millionaire. My crypto investment is my target

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00:12:16.679 --> 00:12:20.399
for me becoming a multi millionaire.
Of course. The point is, though,

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let's get the education awareness out there, and you can do this with

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00:12:22.159 --> 00:12:26.080
this book, which covers crypto's past, president and future. So grab a

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00:12:26.080 --> 00:12:28.000
copy for yourself, grab a copy
for your friends and family who want to

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00:12:28.039 --> 00:12:31.960
learn about Crypto, give them as
a gift, and it would really help

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me and support me. Thank you
guys so much for your support, and

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I'll talk to you all later