WEBVTT

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Welcome to The Thinking Crypto Podcasts.
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 the

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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. Well, folks,

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let's start by taking a look at
the price of bitcoin right now,

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sitting at sixty nine thousand, five
hundred and forty nine dollars. Guys,

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what have I been saying for the
past month that bitcoin was due for some

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sort of pullback. We hit some
sort of local top. I said,

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I didn't know exactly where, but
just be prepared for it. And it

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looks like the local top is coming
in here now. We have to give

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it some time. It looked Bitcoin
to surprises and bounce off here or it

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could keep going lower. Make no
mistake about it. We are in a

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bull market. We are in a
up trend. So I am into diicipating

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higher prices this year as well as
twenty twenty five. If we don't see

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the blow off top in twenty twenty
four. But bitcoin cannot move up in

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a straight line. You go back
and look at all the previous bull markets.

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There have been twenty to thirty percent
corrections and pullbacks along the way on

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the way up. This happens in
a ballmarket, so we have to be

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patient. One of the key metrics
I've been telling you guys to pay attention

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to was the dxy and the dxy
and the daily is finding support. It's

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bouncing upwards. I do anticipate it
will continue to break downwards, which is

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great for risk assets like bitcoin and
all coins. So we got to be

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patient. And this is just healthy, folks. It's flushing out a lot

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of leverage. We're building support levels
so that we can bounce off those supports

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and keep going higher. So once
you understand these market principles, you know

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what your strategy is. You're able
to exercise patients and not be scared and

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not be moving by your emotions.
Just stay calm, let big coin do

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its thing. You know, experience
is a great teacher, and when you've

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been here for multiple cycles, my
OG's know what I'm talking about. These

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little pullbacks and corrections are nothing because
we're looking at the macro zooming out.

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When in down, zoom out,
and we are any up trend. We

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are in a bullmarket, so we've
got to be patient here. With that

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said, though, as Bitcoin cools
off, Solana continues to rip. It's

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at one hundred and eighty one dollars
right now, up near twenty four percent

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over the past seven days, so
that's pretty incredible. Meme coins are going

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crazy. Actually, Avalanche or avax
is going crazy as well. At number

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ten. It took retook that number
ten spot from shiba Enu, so we'll

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see. We'll see what happens here. Liquidity may be flowing down from Bitcoin,

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making its way out of Bitcoin to
the all coins, so expect some

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of these all coins to start moving
significantly. Now, let's think look at

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what are the top trending tokens on
social media. The first is Boom or

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Book of Meme. The mean coins
continue to dominate here and Boem has significant,

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significant social mentions and highly positive sentiment. So you may say, what

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the hell is Bowman, why is
it trending? Well, the word Boom

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is trending due to the recent purchase
and gains made by individuals investing in the

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Book of Boem cryptocurrency. There is
excitement for the quick rises in the value

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associated with meme coins like Boom Boom
token experience a frenzy and skyrocket by over

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three thousand percent, causing a buzz
in the crypto market. So it's getting

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just the meme coin treatment here,
right, It's going crazy and everybody starts

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talking about it. Coming in and
number two is BSV with a very negative

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sentiment because Craig Wright got smacked by
the judge yesterday. The news broke that

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he's not Satoshi, he did not
write the white paper and much more.

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Coming in at number three is Say
with strong positive sentiment. Number four Confluts

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Network or the CFX is a token
with strong positive sentiment. Jupiter comes in

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at number six, year with good
positive sentiment than the Emoji network. It

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looks like another meme coin here,
which has a ticker symbol of lol,

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and then Ethereum comes in at seven. Blocknet comes in at number eight with

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negative sentiment, having the higher percentage
on the negative side. Arbitrump is popping

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up here at fifty six percent positive
sentiment, and base Protocol number ten with

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positive sentiment as well. So those
are your top trending coins on social media

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now. Let's take a look at
the news here. Bitcoin has already surpassed

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gold in investor portfolio allocation, says
JP Morgan. Folks Peter Schiff is not

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happy when he hears this news.
Of course, now they're not saying that

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bitcoins aum has surpassed goal. They're
just saying the investor portfolio allocation. So

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here's the details from JP Morgan Managing
director Nicholas P. I'm not going to

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try to pronounce his last name.
He said that when adjusting for volatility,

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Bitcoin's allocation in investor portfolios has already
outpaced that of gold. Specifically, the

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flagship cryptocurrency has a three point seven
times greater allocation compared to the bullyon.

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He highlighted a net inflow of nine
billion dollars into Bitcoin ETF since their inception,

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accounting for outflows from greyscale, and
suggests a potential Bitcoin ETF market size

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could reach sixty two billion dollars if
gold is used as a benchmark. February

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marked one of the most optimistic periods
for the cryptocurrency market, with the total

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market capitalization surging by nearly forty percent
month over month to two point two trillion

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dollars, folks. I believe bitcoin's
going to surpass gold in AUM by the

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twenty thirty bull market because we're just
in the early innings of these ETFs,

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and I don't think it's possible in
this cycle, but definitely twenty thirty and

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beyond, and that's gonna be significant. This is why there's some Bitcoin that

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I'm not selling. I'm holding on
to it. Don't get me wrong.

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I'm going to be selling a good
amount as we hit six figures this market

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cycle and take my profits. But
there's some I'm just leaving on a hardware

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wallet and it'll go to my daughter
and things like that that I'm not selling

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because I believe bitcoin is digital goal. It's going to come after the AUM

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of actual gold, and that's going
to be a significant day when that happens.

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We saw just recently bitcoins are passed
silver from a market cap standpoint,

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so incredible. What's happening now?
We've got some interesting news from Grayscale regarding

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the Ethereum spot ETF. Greig Salam, who's the chief legal officer at Grayscale,

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tweeted out, we just filed Grayscale
Etheroreum trust amended nineteen b that war

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filing. This is an important step
in our effort to uplist the eth Trust

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to the nyse Arcap. Investors want
and deserve access to Etherorem in the form

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of a spot Etherorem ETF, and
we believe the case is just as strong

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as it was for the spot bitcoin
ETFs. So he shared the details here

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of their updated filing. But you
know, the challenges as what we've been

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talking about is chair againster scumbag regulator
Gary Genser has not echoed the statements of

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j. Clayton and Bill Himmon of
Etherorem being not a security and even before

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Congress when he was asked by Patrick
McHenry is a theorem of security? He

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didn't even want to answer, right, So we're in a very interesting dynamic.

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The other aspect is we saw two
senators yesterday who were certainly coerced by

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Elizabeth Warren and Gary Ginser sent a
letter to the sec saying don't approve any

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more ETF. So that means no
Etherorem, no other coins. And I

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think Gary is afraid that if he
allows this etheroremy to have to go forward,

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it gives the green light to the
other all coins by default because the

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theorem is an all coin. So
there's a lot of implications here and I

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think he's not going to give in. I think he's going to want to

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go to court again with this guy's
scumbag and he's operating under Elizabeth Warren.

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And they don't care about the law. They'll break the law just to delay

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things and do whatever they want.
We've seen that time and time again.

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You have different judges calling out the
SEC. I mean they got called arbitrary

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and capricious for not approving the big
coins body TF and the Ripple lawsuit.

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Judge Sarah att Burn said the SEC
lacks a faithful allegiance to the law and

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in the debt box situation, the
SEC lawyers lied to the court where the

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judge was like, I'm going to
sanction you guys. And when the judge

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said I'm going to sanction you,
the SEC pulled out right because they know

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they were in trouble. My point
is they don't care about the law.

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They will trample over the law of
the land to just get their way.

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And this is the corruption we're dealing
with here and why we got to keep

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fighting back now. Nick Garachi of
the etf store. He said the following

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amended nineteen b Dash four filed to
uplist Gray Scales ether Trust. So prospective

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issuers clearly aren't throwing in the towel
on this. It might take Grayscale paving

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another regulatory path here like they did
with the spot by Cornytis. So I

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think he's right. Grayscale is going
to have to take the SEC to court

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again, but we will win because
the law is on our side. So

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they got to keep fighting. But
unfortunately scumbag regulator Gary Answer is not going

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to give in that easily. Now, speaking of etherorem and build him in

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Jay Clayton. Empower Oversight, which
is the whistleblower organization nonprofit that has been

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exposing the SEC and their corruption,
but not only the SEC. They go

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after every government agency that is not
doing the right thing, that is breaking

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the law, that's abusing their powers, and so forth. Well, Tristan

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Evitt, who's the president of Empower
Oversight, tweeted the following Today he said,

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Empower's fight for transparency at the SEC
continues. The more we learn,

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the worse the conflicts of interests.
Look, he's talking about Bill Himman,

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of course, So he tweeted us
out today and let me give you some

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more details, he said. We've
learned a lot from our prior Foyer requests,

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such as how Hedge Fund Andresen Howritz
arranged a meeting for parties to advocate

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to Hinman that Ether wasn't a security, and then after Hinman declared in twenty

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eighteen what they wanted, hired him
as an advisor when he left the SEC.

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We've also learned that the venture capital
firm former SEC chair Jay Clayton became

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an advisor to Electric Capital, has
invested in the developer of Ether, which

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is Consensus. Electric Capital was formed
during Clayton's tenure. What interactions did he

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have with them as SEC chair?
So they sent some additional Foyer requests and

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things along those lines at the SEC
to provide all the communications. So we

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have to wait for those documents to
come out. But clearly here man,

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you just see how rotten the SEC
is. Now. Some people are going

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to get mad at Vitallic and Joe
Lubin and Andresa Howritz. I'm not so

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much mad at them because they are
just trying to see how far they can

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push things. And if Bill Hinman
was not someone who could be compromised and

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so forth. Right, then they
wouldn't have gotten anywhere. The accountability lies

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on the government official who are supposed
to uphold the law, who are getting

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funded by our taxpayer dollars, and
they're the ones that are breaking the law

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and having conflicts of interest. Bill
Hinman was warned by the SEC Ethics Office

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about these things. He ignored it. So I'm not so much. I

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don't really care about Intries and Howrodz. I don't really care about what Vitalic

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is doing because at the end of
the day, it goes back to who

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was actually compromised here the SEC,
and that's who I'm pissed off at.

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That's because my tax dollars are funding
that, and it's unbelievable. These people

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who are supposed to be in government
office and hold these positions and uphold the

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law are clearly not doing that,
and that's pathetic. Now. A great

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way for change, though, is
to bring in people who have the right

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ethics, who support crypto and understand
technology, who are forward thinking, and

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that is for example, John Deaton, who's running against Elizabeth Warren in Massachusetts.

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Now, John tweeted out the following
today It was an article from the

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Boston Globe talking about the crypto industry
supporting John and going against Elizabeth Warren.

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He said, grateful for the support
from these disruptive leaders. He tagged Mark

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Cuban, Charles Hoskinson, Perry and
Boring of the Chamber of Digital Commerce,

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and Anthony Scaramucci. So this is
really great, guys. John is getting

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more coverage, more exposure, and
Elizabeth Warren is scared. We've seen her

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multiple emails as soon as John announced
his run trying to raise funds. He

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tried to get these other Democrats to
come helper from other states, and in

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fact, we talked about it.
I think earlier this week there's a supposed

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Democrat, pro crypto, pro blockchain
guy that is going to run against Elizabeth

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Warren and he's Republican, yet his
history shows he's a Democrat, And I

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said, I think that guy's a
plant. I could be wrong, but

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he looks like a plant because his
photos of him and Elizabeth Warren and Biden

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and so forth. So we're in
for a battle. We got to support

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John. Please donate to John.
You can go check out his profile here.

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Deaton for Senate on X, also
known as Twitter and you know,

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go donate to him. I donate
to him and spread the word, amplify,

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use social media to amplify his message
so we can get him to go

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and take that seat away from Elizabeth
Warren. That quick word from our sponsor,

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if you'd like to learn more about
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and description. Now some interesting news
coming out of Dubai. We are seeing

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the move towards crypto globally and regulations
being established. Folks. They're not banning

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it, they're embracing it, and
they're going to tax it. Of course,

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they're going to put their regulations in
place. So Dubai's DFC passes comprehensive

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00:15:00.120 --> 00:15:05.360
Digital Asset law new security law.
The center claims it has created the world's

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first comprehensive set of legal characteristics of
digital assets as property in a new short

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00:15:11.279 --> 00:15:13.720
law. We still can't get bills
out of the house here in the United

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00:15:13.759 --> 00:15:20.080
States. While the UK has passed
regulations, the EU has passed regulations,

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Dubai is doing its things, so
we are seeing the world move ahead here.

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So the Dubai International Financial Center,
also known as DIIFC, a special

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economic zone with over five thousand residents, has announced the passage of a new

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digital Assets law and security law and
amendments to the existing law. The legislative

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development seek to keep pace with the
rapid developments in international trade and financial markets

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and to provide legal clarity for investors
and users of digital assets. According to

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the statement, DIFC authority Chief Legal
Officer Jackies Visser said, we consider this

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legislation to be groundbreaking as the first
legislative enactment to intensively set out the legal

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characteristics of digital assets as a matter
of property law. Amazing, folks,

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what's happening globally. This is why
I'm so bullish. These governments are embracing

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00:16:11.000 --> 00:16:15.600
it. Big money is embracing this
technology. It's the future. It's the

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next layer on top of the Internet, and it's great to see. The

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world is moving ahead. And I've
often stated this is not a US asset

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class. This is a global asset
class. And you can be in any

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00:16:26.840 --> 00:16:30.720
part of the world, doesn't matter
where you're at. If you have an

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Internet connection, you can go buy
a fraction of bitcoiny theorem XRP card on

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00:16:34.159 --> 00:16:37.240
or whatever it is. You can
put as little bit as ten bucks,

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00:16:37.399 --> 00:16:41.039
and you are part of the network, the financial network. There's never been

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00:16:41.080 --> 00:16:45.080
anything like this in the history of
the world. Even though people may have

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00:16:45.200 --> 00:16:48.960
let's say gold in every part of
the world, there's no way to see

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00:16:49.000 --> 00:16:55.279
the real time supply and real time
transactions and how many is being mined right

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00:16:55.320 --> 00:16:57.879
because there was no internet or no
blockchain. Now, don't get me wrong,

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there is tokenisation of gold, but
still it's not fully digital where you

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00:17:03.120 --> 00:17:06.160
can see once again, I can
go on the bitcoin blockchain, see the

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00:17:06.200 --> 00:17:10.319
transaction, see the walllet addresses,
see what's being mine, all that stuff.

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It's incredible, and it's that uncorruptible
ledger that's borier, less immutable,

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00:17:17.359 --> 00:17:19.920
and much more. And obviously it's
much more in bitcoin, right there's a

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00:17:19.920 --> 00:17:26.359
smart contract, blockchains, payment blockchains
and much more so, a paradigm shift,

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00:17:26.400 --> 00:17:30.920
folks. Incredible. This is why
there's so many opportunities here, and

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00:17:32.119 --> 00:17:36.400
the upside is exponential because you have
so many people across the globe that can

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00:17:36.440 --> 00:17:38.680
access this acid class. They don't
have to be an accredited investor, they

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00:17:38.680 --> 00:17:42.720
don't have to be a hedge fund
or whatever it is. There's no laws

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00:17:42.720 --> 00:17:47.839
that say, hey, you can't
buy this stock because you're in this jurisdiction.

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00:17:47.960 --> 00:17:51.519
No, you can log on and
buy some bitcoin in your local fiat

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00:17:51.599 --> 00:17:55.799
currency, right, and there's so
many on ramps being built right now for

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00:17:55.839 --> 00:17:59.319
that. Now, we got news
here that Sam Bechburn freed, could face

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00:17:59.519 --> 00:18:03.400
forty to fifty years in prison.
Prosecutors argue his sentencing, of course,

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00:18:03.559 --> 00:18:07.839
is this month, folks. So
here's a quote because of his wilful role

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00:18:07.920 --> 00:18:12.359
in orchestrating one of the largest financial
frauds in history. The government's lawyers said

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00:18:12.480 --> 00:18:18.920
SBF deserves a severe sanction proportionate to
his role in this historic fraud. So

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00:18:18.960 --> 00:18:22.839
we know Sam right now. He's
in jail. I think Tiffany Fong and

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00:18:22.839 --> 00:18:27.319
some folks have shared photos of him
with the other inmates. Now, will

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00:18:27.359 --> 00:18:32.039
he get forty to fifty years,
I don't think so. I would be

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00:18:32.079 --> 00:18:34.799
surprised. I think he probably gets
maybe thirty twenty five to thirty. But

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00:18:34.920 --> 00:18:37.200
make no mistake about it, he
has to go to jail. I mean,

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00:18:37.240 --> 00:18:41.839
the guy's committing straight up fraud,
right, he's the burning made off

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00:18:41.279 --> 00:18:45.839
of crypto. Now, what he
did was just old fashioned fraud. It

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00:18:45.880 --> 00:18:49.880
had nothing to do with crypto.
They were just they were co mingling funds

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00:18:49.920 --> 00:18:52.759
and doing all kinds of things.
And look, part of it was the

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00:18:52.839 --> 00:18:56.880
regulators failed. He was meeting with
Gary Genser, he was in DC meeting

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00:18:56.880 --> 00:19:00.640
with different people the SEC. It
was rumored they were going to give him

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00:19:00.640 --> 00:19:06.119
the broker dealer license FTX, that
is that they gave to Prometheum, so

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00:19:06.160 --> 00:19:11.720
he would have had a monopoly.
So just a mess and I think once

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the sentencing is done, we would
be finally over with FTX. Some people

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are saying, look, his parents
should be charged to maybe, you know,

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00:19:19.720 --> 00:19:23.240
we have to see all the facts
there. But I think once his

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00:19:23.400 --> 00:19:26.960
trial is done, then it's done. And look, Alex Mashinski also has

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00:19:27.039 --> 00:19:33.079
to get held accountable. But FTX
Sam is the face of what happened in

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00:19:33.079 --> 00:19:37.000
the last bear market and all the
collapses, right, so I think with

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00:19:37.160 --> 00:19:40.880
him going to jail, the ETFs
and all these things happening, it would

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00:19:40.880 --> 00:19:45.319
be something that we put behind us
and continue to move forward. But look,

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00:19:45.440 --> 00:19:48.319
you do the crime, you paid
the time, right, and he's

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gonna have to pay for all the
lies and all the stealing people's funds and

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much more, billions billions of dollars
right, unbelievable. All right, guys,

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that's the news. Let me know
what you think. Leave your thoughts

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00:19:57.680 --> 00:20:00.559
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