Hey, everybody, Welcome into the Thinking Crypto Podcasts, your home pure cryptocurrency
news and interviews. On your way in, please hit that subscribe button as
well as the thumbs up button and leave a common below. If you're listening
on Spotify or Apple or wherever you get your podcasts, please leave a five
star rating and review. Folks, we have to talk about the price of
Bitcoin and all coins because I'm seeing some very bullish activity on the charts.
But also we have some fundamental and macro factors that I want to share with
you which indicate that we are at the cusp of the next leg up,
the next bull run up, and that's going to be very exciting. Bitcoin
going to I believe the eighty to ninety k range. All coins will of
course follow Bitcoin's gravitational pull. We know the liquidity enters via Bitcoin then flows
down to the all coins, and on the Bitcoin daily chart, we see
Bitcoin doing a reversal. It's currently at sixty seven thousand dollars at the time
of recording. But what's important to look at is the Relative Strength Index.
The RSI is also seeing a reversal, so that's a valid indicator to show
that we have found our bottom and removing upwards. The other factor is the
correlation with the DXY. The Dollar Currency index is doing the reverse. It
is breaking downwards. Its RSI is also breaking downwards. So that's a great
sign for risk assets, which includes bitcoin, all coins, of stock market
and so forth. Now, speaking of the stock market, the NASDAC,
the SMP five hundred are all hitting new all time highs. We know all
of these markets are correlated. What we've learned over multiple bull market cycles is
that crypto itself is not unique in its movement. It moves faster and it
has bigger gains, but it's not unique doing this on its own. It's
all correlated stock market, bitcoin, real estate, correlated to global liquidity,
the M two money, So apply right. I've shared these stats with you
guys over the years, and we've been tracking it in twenty twenty three and
even into twenty twenty four. So we are in a macro bull market for
all of these assets. So the stock market, crypto, and so forth,
you can't deny it. You look at the charts, you line them
up, they're all tied to that liquidity. Now, as always, it's
not going to be as straight line upwards. What we're going to see,
as we've seen historically, We're going to see pumps, pullbacks, consolidation,
build support levels, then pump again. Now, those consolidations and support levels
being built can take months sometimes, right, just like we saw Bitcoin pull
back and took two months before it could reverse. So you have to exercise
patients. That is important. And even if you don't hold bitcoin, this
is important. You want to know what bitcoin is doing because, like I
said, the liquidity flows into bitcoin and then down to the all coins,
and specifically with Bitcoin. I've been sharing with you guys, Kevin Spenson's charting
analysis showing the parabolic curve pattern which has been playing out beautifully. I mean,
the bounce that we're seeing now is playing off beautifully off that curve pattern,
guys, and shout out to Kevin. He called this a long time
ago. He's been tracking this showing that parabolic move and the next target cell
point he has here is ninety k. That does not mean that's the top
for bitcoin, but this will be the top of this mini parabolic run up,
and we know from the macro parabolic run up that could take us to
one hundred and twenty thousand one hundred and fifty thousand is if you look at
bitcoin with the Fibonacci model in place. If Bitcoin goes to that three point
six one eight, which is what it did in the last bull market cycle,
which took us to the sixty five thousand and sixty six thousand dollars range,
if it was to do a move like that, that puts US near
two hundred and ten thousand. Now, be more conservative, let's say it
just gets to the two point six one eight, right, which is a
bit more realistic because there's no guarantee it will go to the three point sixty
one eight. That puts US near one hundred and fifty five thousand. For
me, I'm going to start, you know, exiting out as much as
possible at one hundred and thirty k ish twoe hundred and fifty k ish.
Now, once again, no guarantee we get there, but from what we're
seeing with the ETF buying and so on and so forth, I think we
do get there. So I'm very bullish on Bitcoin and very bullish in all
coins. And it looks like this is going to play into twenty twenty five
because the pullback that we saw took a bit longer than usual, so maybe
bitcoin is like slowing down a bit where it's now playing out into the longer
term cycle. I was predicting, based on the run up we saw before
the having hitting all time highs before the having which was historic, that bitcoin
could possibly do the ball off top by the end of this year. Now
that's still possible, but it looks like it's more going to be Q one
twenty twenty five. And this is why we need to update our thesis based
on the data and the changing factors. So it's important to look at all
of these aspects, like I said, the stock market, global liquidity,
what the charts are telling us. And in addition, we are seeing ETF
inflows are on the rise again. Remember the ETF inflows were insane, which
drove the price of bitcoin, like I said, to new all time highs
before they having, which bitcoin ever did in its history. And then we
saw some sell off right which is normal, which is healthy, and there
was a good amount of outflows from the ETFs. Now there's a reversal in
that trend. So here we got news that spot Bitcoin ETFs purchased fourteen thousand,
three hundred and eighty nine bitcoin worth one billion dollars this week. Another
factor, I hope you're following me. Here the charts stock market, money
supply, mp TOO, money supply, Global liquidity ETF buying back on track.
So we're seeing multiple factors here. And speaking of global liquidity here,
Ral Powell of a global macro investor gave his updated Global Liquidity Index and you
just see that number continues to rise. So around the globe we are seeing
money being injected into markets in different ways. One user, his name is
Thomas on Markets and he's been doing some exceptional, exceptional analysis on what Janet
Yellen in the Treasury have been doing and the amount of liquidity she's injecting into
the different parts of the market. So he's expecting Janet to continue her moves.
I'm not going to go through all the details because this is like a
whole other topic for another video because it impacts the stock market, the economy,
and so forth. But the takeaway the TLDR is liquidity. Liquidity.
Liquidity is being put into the market, not only in the United States but
globally, and this will boost the asset prices such as the stock markets such
as crypto. So I hope you're following me here. I'm trying to give
you the holistic three to sixty view. We're not only looking at charts.
We're not only looking the fundamentals. We're not only looking at the macro factors.
We're looking at all of it together to be more informed as investors and
have an educated outlook on what may be coming around the corner, and I
anticipate and move upwards. I did want to share something here from Wrecked Capital,
who does great chart analysis, saying Bitcoin has successfully retested the old all
time high resistance as new support this month. Holding this area as support predisposes
bitcoin to the upside. Here a crypto wizard also said madness is coming again.
Back in November eighth, was that sixteen hundred dollars bears were screaming for
a capitulation. I was calling for thirty six hundred dollars plus. A falling
wedge on the daily chart is maturing all whilst an ETF rejection has been in.
If you are bearish, see you at fifty one hundred talking about etherorem
So he's essentially saying, look, the ETF denial is coming May twenty third,
right against her next week is essentially going to say no, but that's
fine, it's already been priced in, but liquidity will flow in from to
Bitcoin, then down to eight, then to the all coins. We've seen
this time and time again, guys, and once again, I hope you're
following me here. You understand the different factors I'm sharing with you and how
I'm looking at this market when I'm planning out my strategy for investments, for
cashing out and what to anticipate. I don't want to use my emotions.
I don't want to use random opinions from different people. I want data,
and I'm sharing here with you, guys. Data. For those of you
who are watching on the video, you see my sources. For those of
you listening on the audio, I tried to call out the analyst I'm using.
I tried to call out the charts. A lot of the data I'm
using is on Trading View, so be sure to validate this information. You
know, I always incourage you, guys to do your own research, but
you'll see that I'm pointing you to facts, not my opinion necessarily, but
what is the data showing us and what is the potential outcome there? So
great stuff, guys, very exciting that the bullmarket is still here and we
got ways to go. Now, before we get into some all cooin news,
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the link in the description or visit veachain dot org. Now let's talk about
some all coin news. We're going to talk XRP, You're going to talk
chain Link, We're going to talk Stellar as well. So Brad Garlinghouse Ripple
CEO, tweeted out the news about the Q one twenty twenty four XRP markets
report, which is, you know, really great. They put out these
transparency reports every quarter talking about how XRP was leveraged and so forth. He
said, new quarter, more XRPL traction. I'm particularly excited that the native
AMM, the automated market Maker, arguably one of the largest updates of the
XRP ledger, went live in Q one. So you guys know, I
hold XRP my portfolio. I'm bullish on it. I think it will do
well in this bull market cycle. But I don't put all my eggs in
one basket. As an educated investor, I am diversified. I'm looking at
different coins. I'm looking at legacy coins as like XRP. I'm also invested
in new narratives and coins such as Ai tokens. I told you, guys
in December twenty twenty two January two twenty three around that range that I was
investing in FET. If you did, you made a ton of money,
right. I made some really nice returns. I took some profits at the
when I hit five hundred and sixty percent return on my investment. I'm diversified,
guys. I'm not here for fairy tales or fancy stories or what make
me feel good. I'm here to make money and I'm looking at which blockchains,
which assets are getting adoption. And speaking of adoption, we got huge
news around chain Link and I am a link holder for the record, So
the DTCC completed a pilotway chain Link that could help accelerate fun tokenization with JP
Morgan, bn Y, Melon, Franklin, Templeton and others participating. Huge
news, Huge news. If you are investing in crypto and looking at tokens,
yes you can look at tokenomics. Yes you can look at liquidity and
how young the token is. But also who is building on the blockchain,
is their developer activity happening or they getting adopt option from real world companies like
banks and institutions. So let me give you some details here. The Depository
Trust and Clearing Corporation DTCC, the world's largest security settlement system, completed a
pilot project with blockchain Oracle, chain Link, and multiple major US financial institutions
aiming to help accelerate detokenization of funds. According to a Thursday report published by
DTCC, the purpose of the project, called smart nav was to establish a
standardized process to bring and disseminate net asset value data of funds across virtually any
private or public blockchains using Chain Links Interoperability Protocol CCIP. Market participants included American
Century Investments, BNY, Mellon, Edward Jones, Franklin Templeton, Invesco,
JP Morgan, MFS Investment Management, mid Atlantic Trust, State Street, and
US Bank. By completing the pilot, DTCC found that by delivering structured data
on chain and creating standard roles and processes, foundational data could be embedded into
a multitude of on chain use cases, such as tokenized funds and bulk customer
smart contracts, which are contracts that hold data for multiple funds. The report
reads, folks, this is the future I've been telling you from day one
when I created this podcast. The token economy is coming. Everything on the
blockchain twenty four to seven, trading all the securities, bonds, commodities and
much more tokenized on the blockchain, and it's going to be a global market,
opening up tons of liquidity, secondary and tertiary markets as well. And
for the first time in history, you don't have to be an accredited investor.
You don't have to be a hedge fund or a VC to get access
to be able to share in the value that's going to be created here.
So for example, chain Link as the blockchain being used here, you can
go buy the Link token. Now, you want to do your research.
You want to know when is the time to buy. You want to buy
the blood on the streets, the blood bottom of the bear market, when
everybody's worried and scared. You're not buying the pumps, You're not buying the
tops, You're not buying when Jim Kramer tells you. So I hope that
if you've been a long time listener of this podcast, that the things that
I'm saying are resonating and you're understanding the market and how to look at these
things and how to treat them. So I see news like this and I'm
like, Okay, I'm going to continue to add to my Link portfolio.
I'm going to continue to buy the dips for Link and chain Link did make
me a good amount of money in the last bull market because it was a
front runner like Solana is right now, where a lot of liquidity was coming
through Link and this was back in twenty twenty. And I'm very bullish on
this project. Now, let's move ahead. Tim Draper, billionaire investor and
I'm working on getting him on the podcast. He tweeted out today exciting news.
Draper University is teaming up with Stellar, So that's Stellar. Lumin's to
accelerate and fund up to eighty startups to build on Stellar over two years.
We're calling the best blockchain startups to apply for the Stellar Astro Hacker House or
the Stellar Embark Accelerator. Stay tuned, Big News. Going back to what
I said earlier, you want to see developer activity, you want to see
projects being built on Stellar. You want to see real world companies building on
Stellar. Franklin Templeton actually has been tokenizing on Stellar. So I do have
some EXCELM in my portfolio, not a lot, but once again, I
can only diversify so much. But I've been tracking who's getting adoption and this
is great news for Steller. It's going to open up a lot of developer
activity, and I'm going to try to get Tim Drayburn to talk about this
with Big Big News. Now, guys, I want to share something from
Christian at Catalini, who is the co founder and chief strategy officer at light
Spark. Light Spark is building the Layer two Lightning network they're one of the
companies helping to build this for bitcoin. Well, he had some very interesting
news around Gary Ginser. This is very revealing, he said, when Gary
Genser joined MIT as a senior advisor to who is the president at Shiba could
die? It's his Japanese. By the way, he's also the chief architect
at the Digital Garage, he said here he stopped talking about Gary. He
stopped a few times by my office, since I was possibly the only professor
at MIT deeply interested in crypto back then, I thought he had a genuine
interest in learning about the tech and how it could improve finance. I was
surprised back then and I am still surprised to this day by how firm his
conviction was about what constitutes a security versus not a time where he did not
know much about crypto or blockchain at all. We need regulators and policy makers
that care about the United States leading innovation, not protecting incumbents. Wow.
I share that because I've been telling you guys for a long time. Gary
Genser is at puppet on strings controlled by Elizabeth Warren, and Elizabeth Warren is
controlled by the banks. We saw her alignment with Jamie Diamond trying to bash
go just about a month or a half ago or two months ago, Right,
folks, this is what I've been saying. This is about slowing down
these crypto startups. It's not to kill crypto because if you look at the
facts, there are two things happening in parallel. Wall Street is tokenizing all
the companies. I just mentioned that we're tokenizing on chain Link, Stellar Blackrocks
tokenized Gonny Therm. We know they all went in for the bitcoins botty t
apps. So how can these things coexist? Right? Two things happening in
parallel on the opposite sides of the streets. Gary Ginster is setting walls notices,
ensuing coin based ripple and racking and so forth. Yet Fidelity Blackrock are
not getting walls notices. Why is that. I'll let you think about that,
right, It's like I've been saying, this is clearly what's happening.
Gary's a Goldman Sachs guy. This is to slow down the startups, so
allow these banking comments to catch up because they're getting disrupted. Folks. We've
said it many times. They have gate keeped and controlled the way mon is
moved and all these things. Now it's open, it's become decentralized. It's
successful to everybody in the world. Capitals leaving their funds and going into crypto,
they don't like that. Just look at this SAB one to one.
It prevented them from custodying crypto. Right, So that's why we hear JP
Morgan and all these guys are tokenizing and looking at how they can trade crypto
and all that. Clearly they're trying to catch up because they're getting disrupted now.
Obviously, this past week was very big for crypto where SAB one to
one was repealed in the Senate and much more well, apparently Oklahoma has a
bill here protecting fundamental bitcoin rights. Oklahoma's new crypto bill will go into effect
in November of this year. So they passed this bill. Folks. We're
seeing both on the state and federal level, incredible moves towards crypto. It's
been a wild two to three weeks, right, Donald Trump coming on saying
I support crypto, I'm the pro crypto candidate. Vote for me. SAB
one to one getting repealed in the House, and then the Senate you got
the FIT bill which is in motion. Now there's been updates around that.
So it's incredible what's happening. And we're seeing that pro crypto politicians are getting
a lot of votes, a lot of campaign donations. Now is the crypto
industries putting together capital to donate. And we saw on Super Tuesday, going
back obviously months that cry crypto candidates are winning and Elizabeth Warrens cronies are losing.
So, guys, I'm so bullish. You see the perfect picture being
painted here. Crypto is becoming ubiquitous, and it's penetrating in politics, pop
culture, society, the financial markets, and much more. Everybody's here and
I'll give you two quick examples here, and by no means me covering them
is not an endorsement of them. I'm just sharing the facts and news with
you, guys. Harry Lake, she tweeted out today crypto is a key
hedge again, government overach and financial control once again. You may love her
or hate her, I don't know. She has one point eight million followers
and she's talking about crypto. And then you have Senator Ted Cruz and Cynthia
Lumis. We're debating on Twitter. You know which state Wyoming? Which centator
limases in Wyoming? Ted Cruise in Texas, which one is more favorable to
bitcoin and crypto. It's amazing. The tide is changing, folks. Incredible,
incredible stuff. I'm so bullish. I hope you see what I'm seeing
here, and I'm pointing you to the facts. These are our things I
made up or dreamed up or you know. I'm talking about a conspiracy theory
here. No, clearly, these people are talking about it. Clearly these
things are happening. So that's the news, folks, and please hit that
thumbs up button. Also, please check out my book Rethinking Crypto, The
Crash of FTX and a Rise of say for Stronger Digital Assets. Please grab
a copy support the podcast. It's on Amazon in both paperback and in digital.
Grab a copy for your friends and family who don't understand crypto who want
to learn about it. It discusses crypto's past president future. Why FTX and
Sambank freed were not the ethos of crypto, Why wall streets here for the
Bitcoin etf and the race that took place, Why gangster and the SEC and
these folks are going after crypto companies, and what does the future look like?
Nft is tokenization and much more so. Be sure to grab a copy.
Link will be in a description. Thank you guys for watching and listening.
I appreciate you all, and I'll talk to you all later