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Hey, everybody, Welcome into the
Thinking Crypto Podcasts, your home pure cryptocurrency

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00:00:12.240 --> 00:00:16.079
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 common below. If you're listening

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on Spotify or Apple or wherever you
get your podcasts, please leave a five

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00:00:23.160 --> 00:00:26.719
star rating and review. Folks,
we have to talk about the price of

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Bitcoin and all coins because I'm seeing
some very bullish activity on the charts.

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But also we have some fundamental and
macro factors that I want to share with

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you which indicate that we are at
the cusp of the next leg up,

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the next bull run up, and
that's going to be very exciting. Bitcoin

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going to I believe the eighty to
ninety k range. All coins will of

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course follow Bitcoin's gravitational pull. We
know the liquidity enters via Bitcoin then flows

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down to the all coins, and
on the Bitcoin daily chart, we see

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Bitcoin doing a reversal. It's currently
at sixty seven thousand dollars at the time

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of recording. But what's important to
look at is the Relative Strength Index.

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The RSI is also seeing a reversal, so that's a valid indicator to show

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that we have found our bottom and
removing upwards. The other factor is the

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correlation with the DXY. The Dollar
Currency index is doing the reverse. It

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is breaking downwards. Its RSI is
also breaking downwards. So that's a great

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sign for risk assets, which includes
bitcoin, all coins, of stock market

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and so forth. Now, speaking
of the stock market, the NASDAC,

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the SMP five hundred are all hitting
new all time highs. We know all

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of these markets are correlated. What
we've learned over multiple bull market cycles is

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that crypto itself is not unique in
its movement. It moves faster and it

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has bigger gains, but it's not
unique doing this on its own. It's

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all correlated stock market, bitcoin,
real estate, correlated to global liquidity,

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the M two money, So apply
right. I've shared these stats with you

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guys over the years, and we've
been tracking it in twenty twenty three and

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even into twenty twenty four. So
we are in a macro bull market for

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all of these assets. So the
stock market, crypto, and so forth,

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you can't deny it. You look
at the charts, you line them

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up, they're all tied to that
liquidity. Now, as always, it's

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not going to be as straight line
upwards. What we're going to see,

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as we've seen historically, We're going
to see pumps, pullbacks, consolidation,

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build support levels, then pump again. Now, those consolidations and support levels

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being built can take months sometimes,
right, just like we saw Bitcoin pull

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back and took two months before it
could reverse. So you have to exercise

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patients. That is important. And
even if you don't hold bitcoin, this

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is important. You want to know
what bitcoin is doing because, like I

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said, the liquidity flows into bitcoin
and then down to the all coins,

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and specifically with Bitcoin. I've been
sharing with you guys, Kevin Spenson's charting

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analysis showing the parabolic curve pattern which
has been playing out beautifully. I mean,

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the bounce that we're seeing now is
playing off beautifully off that curve pattern,

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guys, and shout out to Kevin. He called this a long time

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ago. He's been tracking this showing
that parabolic move and the next target cell

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point he has here is ninety k. That does not mean that's the top

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for bitcoin, but this will be
the top of this mini parabolic run up,

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and we know from the macro parabolic
run up that could take us to

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one hundred and twenty thousand one hundred
and fifty thousand is if you look at

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bitcoin with the Fibonacci model in place. If Bitcoin goes to that three point

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six one eight, which is what
it did in the last bull market cycle,

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which took us to the sixty five
thousand and sixty six thousand dollars range,

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if it was to do a move
like that, that puts US near

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two hundred and ten thousand. Now, be more conservative, let's say it

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just gets to the two point six
one eight, right, which is a

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bit more realistic because there's no guarantee
it will go to the three point sixty

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one eight. That puts US near
one hundred and fifty five thousand. For

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me, I'm going to start,
you know, exiting out as much as

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possible at one hundred and thirty k
ish twoe hundred and fifty k ish.

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Now, once again, no guarantee
we get there, but from what we're

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seeing with the ETF buying and so
on and so forth, I think we

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do get there. So I'm very
bullish on Bitcoin and very bullish in all

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coins. And it looks like this
is going to play into twenty twenty five

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because the pullback that we saw took
a bit longer than usual, so maybe

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bitcoin is like slowing down a bit
where it's now playing out into the longer

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term cycle. I was predicting,
based on the run up we saw before

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the having hitting all time highs before
the having which was historic, that bitcoin

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could possibly do the ball off top
by the end of this year. Now

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that's still possible, but it looks
like it's more going to be Q one

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twenty twenty five. And this is
why we need to update our thesis based

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on the data and the changing factors. So it's important to look at all

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of these aspects, like I said, the stock market, global liquidity,

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what the charts are telling us.
And in addition, we are seeing ETF

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inflows are on the rise again.
Remember the ETF inflows were insane, which

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drove the price of bitcoin, like
I said, to new all time highs

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before they having, which bitcoin ever
did in its history. And then we

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saw some sell off right which is
normal, which is healthy, and there

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was a good amount of outflows from
the ETFs. Now there's a reversal in

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that trend. So here we got
news that spot Bitcoin ETFs purchased fourteen thousand,

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three hundred and eighty nine bitcoin worth
one billion dollars this week. Another

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factor, I hope you're following me. Here the charts stock market, money

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supply, mp TOO, money supply, Global liquidity ETF buying back on track.

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So we're seeing multiple factors here.
And speaking of global liquidity here,

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Ral Powell of a global macro investor
gave his updated Global Liquidity Index and you

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just see that number continues to rise. So around the globe we are seeing

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money being injected into markets in different
ways. One user, his name is

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Thomas on Markets and he's been doing
some exceptional, exceptional analysis on what Janet

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Yellen in the Treasury have been doing
and the amount of liquidity she's injecting into

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the different parts of the market.
So he's expecting Janet to continue her moves.

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I'm not going to go through all
the details because this is like a

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whole other topic for another video because
it impacts the stock market, the economy,

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and so forth. But the takeaway
the TLDR is liquidity. Liquidity.

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Liquidity is being put into the market, not only in the United States but

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globally, and this will boost the
asset prices such as the stock markets such

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as crypto. So I hope you're
following me here. I'm trying to give

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you the holistic three to sixty view. We're not only looking at charts.

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We're not only looking the fundamentals.
We're not only looking at the macro factors.

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We're looking at all of it together
to be more informed as investors and

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have an educated outlook on what may
be coming around the corner, and I

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anticipate and move upwards. I did
want to share something here from Wrecked Capital,

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who does great chart analysis, saying
Bitcoin has successfully retested the old all

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time high resistance as new support this
month. Holding this area as support predisposes

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bitcoin to the upside. Here a
crypto wizard also said madness is coming again.

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Back in November eighth, was that
sixteen hundred dollars bears were screaming for

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a capitulation. I was calling for
thirty six hundred dollars plus. A falling

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wedge on the daily chart is maturing
all whilst an ETF rejection has been in.

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If you are bearish, see you
at fifty one hundred talking about etherorem

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So he's essentially saying, look,
the ETF denial is coming May twenty third,

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right against her next week is essentially
going to say no, but that's

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fine, it's already been priced in, but liquidity will flow in from to

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Bitcoin, then down to eight,
then to the all coins. We've seen

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this time and time again, guys, and once again, I hope you're

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following me here. You understand the
different factors I'm sharing with you and how

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I'm looking at this market when I'm
planning out my strategy for investments, for

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cashing out and what to anticipate.
I don't want to use my emotions.

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I don't want to use random opinions
from different people. I want data,

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and I'm sharing here with you,
guys. Data. For those of you

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who are watching on the video,
you see my sources. For those of

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you listening on the audio, I
tried to call out the analyst I'm using.

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I tried to call out the charts. A lot of the data I'm

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using is on Trading View, so
be sure to validate this information. You

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know, I always incourage you,
guys to do your own research, but

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you'll see that I'm pointing you to
facts, not my opinion necessarily, but

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what is the data showing us and
what is the potential outcome there? So

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great stuff, guys, very exciting
that the bullmarket is still here and we

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got ways to go. Now,
before we get into some all cooin news,

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check out our sponsor, Vchain.
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I'm a VET token holder, I
have been since twenty nineteen ish. I'm

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bullish on this project. That's why
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ask them to be a sponsor.
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it. So if you'd like to
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the link in the description or visit
veachain dot org. Now let's talk about

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some all coin news. We're going
to talk XRP, You're going to talk

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chain Link, We're going to talk
Stellar as well. So Brad Garlinghouse Ripple

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CEO, tweeted out the news about
the Q one twenty twenty four XRP markets

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report, which is, you know, really great. They put out these

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transparency reports every quarter talking about how
XRP was leveraged and so forth. He

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said, new quarter, more XRPL
traction. I'm particularly excited that the native

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AMM, the automated market Maker,
arguably one of the largest updates of the

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XRP ledger, went live in Q
one. So you guys know, I

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hold XRP my portfolio. I'm bullish
on it. I think it will do

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well in this bull market cycle.
But I don't put all my eggs in

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one basket. As an educated investor, I am diversified. I'm looking at

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different coins. I'm looking at legacy
coins as like XRP. I'm also invested

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in new narratives and coins such as
Ai tokens. I told you, guys

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in December twenty twenty two January two
twenty three around that range that I was

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investing in FET. If you did, you made a ton of money,

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right. I made some really nice
returns. I took some profits at the

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when I hit five hundred and sixty
percent return on my investment. I'm diversified,

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guys. I'm not here for fairy
tales or fancy stories or what make

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me feel good. I'm here to
make money and I'm looking at which blockchains,

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which assets are getting adoption. And
speaking of adoption, we got huge

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news around chain Link and I am
a link holder for the record, So

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the DTCC completed a pilotway chain Link
that could help accelerate fun tokenization with JP

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Morgan, bn Y, Melon,
Franklin, Templeton and others participating. Huge

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news, Huge news. If you
are investing in crypto and looking at tokens,

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yes you can look at tokenomics.
Yes you can look at liquidity and

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how young the token is. But
also who is building on the blockchain,

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is their developer activity happening or they
getting adopt option from real world companies like

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banks and institutions. So let me
give you some details here. The Depository

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Trust and Clearing Corporation DTCC, the
world's largest security settlement system, completed a

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pilot project with blockchain Oracle, chain
Link, and multiple major US financial institutions

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aiming to help accelerate detokenization of funds. According to a Thursday report published by

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DTCC, the purpose of the project, called smart nav was to establish a

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standardized process to bring and disseminate net
asset value data of funds across virtually any

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private or public blockchains using Chain Links
Interoperability Protocol CCIP. Market participants included American

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Century Investments, BNY, Mellon,
Edward Jones, Franklin Templeton, Invesco,

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JP Morgan, MFS Investment Management,
mid Atlantic Trust, State Street, and

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US Bank. By completing the pilot, DTCC found that by delivering structured data

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on chain and creating standard roles and
processes, foundational data could be embedded into

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a multitude of on chain use cases, such as tokenized funds and bulk customer

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smart contracts, which are contracts that
hold data for multiple funds. The report

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reads, folks, this is the
future I've been telling you from day one

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when I created this podcast. The
token economy is coming. Everything on the

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blockchain twenty four to seven, trading
all the securities, bonds, commodities and

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much more tokenized on the blockchain,
and it's going to be a global market,

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opening up tons of liquidity, secondary
and tertiary markets as well. And

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for the first time in history,
you don't have to be an accredited investor.

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You don't have to be a hedge
fund or a VC to get access

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to be able to share in the
value that's going to be created here.

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So for example, chain Link as
the blockchain being used here, you can

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go buy the Link token. Now, you want to do your research.

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You want to know when is the
time to buy. You want to buy

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the blood on the streets, the
blood bottom of the bear market, when

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everybody's worried and scared. You're not
buying the pumps, You're not buying the

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00:14:05.200 --> 00:14:09.000
tops, You're not buying when Jim
Kramer tells you. So I hope that

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if you've been a long time listener
of this podcast, that the things that

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I'm saying are resonating and you're understanding
the market and how to look at these

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things and how to treat them.
So I see news like this and I'm

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like, Okay, I'm going to
continue to add to my Link portfolio.

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I'm going to continue to buy the
dips for Link and chain Link did make

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me a good amount of money in
the last bull market because it was a

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front runner like Solana is right now, where a lot of liquidity was coming

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through Link and this was back in
twenty twenty. And I'm very bullish on

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this project. Now, let's move
ahead. Tim Draper, billionaire investor and

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I'm working on getting him on the
podcast. He tweeted out today exciting news.

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Draper University is teaming up with Stellar, So that's Stellar. Lumin's to

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accelerate and fund up to eighty startups
to build on Stellar over two years.

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We're calling the best blockchain startups to
apply for the Stellar Astro Hacker House or

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the Stellar Embark Accelerator. Stay tuned, Big News. Going back to what

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I said earlier, you want to
see developer activity, you want to see

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projects being built on Stellar. You
want to see real world companies building on

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Stellar. Franklin Templeton actually has been
tokenizing on Stellar. So I do have

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some EXCELM in my portfolio, not
a lot, but once again, I

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can only diversify so much. But
I've been tracking who's getting adoption and this

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is great news for Steller. It's
going to open up a lot of developer

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activity, and I'm going to try
to get Tim Drayburn to talk about this

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with Big Big News. Now,
guys, I want to share something from

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Christian at Catalini, who is the
co founder and chief strategy officer at light

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Spark. Light Spark is building the
Layer two Lightning network they're one of the

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companies helping to build this for bitcoin. Well, he had some very interesting

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news around Gary Ginser. This is
very revealing, he said, when Gary

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Genser joined MIT as a senior advisor
to who is the president at Shiba could

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die? It's his Japanese. By
the way, he's also the chief architect

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at the Digital Garage, he said
here he stopped talking about Gary. He

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stopped a few times by my office, since I was possibly the only professor

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at MIT deeply interested in crypto back
then, I thought he had a genuine

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interest in learning about the tech and
how it could improve finance. I was

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surprised back then and I am still
surprised to this day by how firm his

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conviction was about what constitutes a security
versus not a time where he did not

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know much about crypto or blockchain at
all. We need regulators and policy makers

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that care about the United States leading
innovation, not protecting incumbents. Wow.

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I share that because I've been telling
you guys for a long time. Gary

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Genser is at puppet on strings controlled
by Elizabeth Warren, and Elizabeth Warren is

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controlled by the banks. We saw
her alignment with Jamie Diamond trying to bash

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go just about a month or a
half ago or two months ago, Right,

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folks, this is what I've been
saying. This is about slowing down

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these crypto startups. It's not to
kill crypto because if you look at the

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facts, there are two things happening
in parallel. Wall Street is tokenizing all

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the companies. I just mentioned that
we're tokenizing on chain Link, Stellar Blackrocks

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tokenized Gonny Therm. We know they
all went in for the bitcoins botty t

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apps. So how can these things
coexist? Right? Two things happening in

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parallel on the opposite sides of the
streets. Gary Ginster is setting walls notices,

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ensuing coin based ripple and racking and
so forth. Yet Fidelity Blackrock are

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not getting walls notices. Why is
that. I'll let you think about that,

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right, It's like I've been saying, this is clearly what's happening.

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Gary's a Goldman Sachs guy. This
is to slow down the startups, so

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allow these banking comments to catch up
because they're getting disrupted. Folks. We've

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said it many times. They have
gate keeped and controlled the way mon is

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moved and all these things. Now
it's open, it's become decentralized. It's

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successful to everybody in the world.
Capitals leaving their funds and going into crypto,

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they don't like that. Just look
at this SAB one to one.

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It prevented them from custodying crypto.
Right, So that's why we hear JP

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Morgan and all these guys are tokenizing
and looking at how they can trade crypto

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and all that. Clearly they're trying
to catch up because they're getting disrupted now.

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Obviously, this past week was very
big for crypto where SAB one to

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one was repealed in the Senate and
much more well, apparently Oklahoma has a

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bill here protecting fundamental bitcoin rights.
Oklahoma's new crypto bill will go into effect

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in November of this year. So
they passed this bill. Folks. We're

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seeing both on the state and federal
level, incredible moves towards crypto. It's

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been a wild two to three weeks, right, Donald Trump coming on saying

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I support crypto, I'm the pro
crypto candidate. Vote for me. SAB

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one to one getting repealed in the
House, and then the Senate you got

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the FIT bill which is in motion. Now there's been updates around that.

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So it's incredible what's happening. And
we're seeing that pro crypto politicians are getting

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a lot of votes, a lot
of campaign donations. Now is the crypto

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industries putting together capital to donate.
And we saw on Super Tuesday, going

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back obviously months that cry crypto candidates
are winning and Elizabeth Warrens cronies are losing.

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So, guys, I'm so bullish. You see the perfect picture being

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painted here. Crypto is becoming ubiquitous, and it's penetrating in politics, pop

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culture, society, the financial markets, and much more. Everybody's here and

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I'll give you two quick examples here, and by no means me covering them

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is not an endorsement of them.
I'm just sharing the facts and news with

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you, guys. Harry Lake,
she tweeted out today crypto is a key

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hedge again, government overach and financial
control once again. You may love her

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or hate her, I don't know. She has one point eight million followers

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and she's talking about crypto. And
then you have Senator Ted Cruz and Cynthia

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Lumis. We're debating on Twitter.
You know which state Wyoming? Which centator

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limases in Wyoming? Ted Cruise in
Texas, which one is more favorable to

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bitcoin and crypto. It's amazing.
The tide is changing, folks. Incredible,

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incredible stuff. I'm so bullish.
I hope you see what I'm seeing

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here, and I'm pointing you to
the facts. These are our things I

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00:20:33.680 --> 00:20:37.359
made up or dreamed up or you
know. I'm talking about a conspiracy theory

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here. No, clearly, these
people are talking about it. Clearly these

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things are happening. So that's the
news, folks, and please hit that

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thumbs up button. Also, please
check out my book Rethinking Crypto, The

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00:20:48.000 --> 00:20:52.720
Crash of FTX and a Rise of
say for Stronger Digital Assets. Please grab

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00:20:52.759 --> 00:20:56.359
a copy support the podcast. It's
on Amazon in both paperback and in digital.

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00:20:56.799 --> 00:21:00.319
Grab a copy for your friends and
family who don't understand crypto who want

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00:21:00.359 --> 00:21:06.079
to learn about it. It discusses
crypto's past president future. Why FTX and

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00:21:06.119 --> 00:21:08.839
Sambank freed were not the ethos of
crypto, Why wall streets here for the

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00:21:08.839 --> 00:21:12.920
Bitcoin etf and the race that took
place, Why gangster and the SEC and

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00:21:14.000 --> 00:21:17.759
these folks are going after crypto companies, and what does the future look like?

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00:21:17.960 --> 00:21:21.640
Nft is tokenization and much more so. Be sure to grab a copy.

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00:21:21.680 --> 00:21:23.440
Link will be in a description.
Thank you guys for watching and listening.

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I appreciate you all, and I'll
talk to you all later