WEBVTT 1 00:00:06.280 --> 00:00:09.800 Hey, everybody, Welcome into the Thinking Crypto Podcast, your home of your 2 00:00:09.839 --> 00:00:14.080 cryptocurrency news and interviews. I'm your host, Tony Edward. On your way 3 00:00:14.119 --> 00:00:17.399 in. Please hit that subscribe button as well as the thumbsup button and leave 4 00:00:17.399 --> 00:00:21.079 a comment below. If you're listening on a podcast platform such as Spotify or 5 00:00:21.120 --> 00:00:24.600 Apple, please leave a five star rating and review. Folks, we got 6 00:00:24.600 --> 00:00:28.839 a big week ahead for the entire crypto industry. First up, everyone is 7 00:00:28.839 --> 00:00:33.000 paying attention to the Bitcoin chart because we're all waiting for Bitcoin to find its 8 00:00:33.039 --> 00:00:37.039 bottom if it hasn't already, and to start that reversal where we see that 9 00:00:37.159 --> 00:00:40.840 slow, steady grind out of the pullout, and then we'll build some support 10 00:00:40.960 --> 00:00:45.600 levels and start moving up and start going parabolic again. So this could play 11 00:00:45.640 --> 00:00:49.479 out over the summer, so we have to be mentally prepared for that. 12 00:00:49.479 --> 00:00:52.240 That we're not going to see a new all time high soon, but it 13 00:00:52.280 --> 00:00:57.240 could happen sooner. This market moves very different from anything else out there, 14 00:00:57.560 --> 00:01:00.880 and none of us have a crystal ball, but we look at the indicators 15 00:01:00.880 --> 00:01:03.920 and metrics to get an idea of we're at to form a thesis, as 16 00:01:03.959 --> 00:01:10.280 I always say, and none of the major macro bull market signals have flag 17 00:01:10.400 --> 00:01:14.000 that we have hit the top. In addition, we haven't had any major 18 00:01:14.040 --> 00:01:19.359 invalidation of the bullmarket despite this pullback, and as I've been saying for a 19 00:01:19.400 --> 00:01:23.239 while now, we've seen deeper pullbacks going back to twenty seventeen and so forth. 20 00:01:23.599 --> 00:01:27.799 This is nothing. And we saw a similar pattern play out last year 21 00:01:27.840 --> 00:01:32.760 in August of twenty twenty three. So we have to be patient. And 22 00:01:33.040 --> 00:01:36.040 like I said, all eyes are on bitcoin to see what it's going to 23 00:01:36.120 --> 00:01:38.400 do next, because Bitcoin is the rising tie that lifts all boats. The 24 00:01:38.439 --> 00:01:42.719 market moves with Bitcoin. What's interesting also is the DXY, the Dollar currency 25 00:01:42.760 --> 00:01:48.200 index, continues to break downwards. Usually you don't see these things happening in 26 00:01:48.200 --> 00:01:52.640 parallel risk assets crashing as well as the dollar crashing. So one of them 27 00:01:52.760 --> 00:01:56.920 is going to do a reversal soon, and I believe it is bitcoin and 28 00:01:57.000 --> 00:02:00.439 crypto. Now I could be wrong, because once again I don't have a 29 00:02:00.439 --> 00:02:05.120 crystal ball, but based on my research and what the different factors and things 30 00:02:05.159 --> 00:02:09.280 are telling us is that Bitcoin is narrative bottom and the DXY was due for 31 00:02:09.479 --> 00:02:15.159 its collapse, which we've been talking about for months. So let's hope fingers 32 00:02:15.159 --> 00:02:17.960 crossed that this is the scenario that plays out, because we're talking about probabilities 33 00:02:19.000 --> 00:02:23.159 here, not certainties, and we'll have to adjust our strategies accordingly as the 34 00:02:23.199 --> 00:02:27.919 facts change and the data changes from day to day. Now, another important 35 00:02:28.000 --> 00:02:30.599 metric that we've been following for a while is the Bitcoin Fear and Greed Index. 36 00:02:30.960 --> 00:02:35.960 Going back to March, we were in a epic greed zone right People 37 00:02:36.000 --> 00:02:38.840 were so greedy. People were starting to feel a bit euphoric because bitcoin hit 38 00:02:38.960 --> 00:02:44.520 a new all time high before the having the Bitcoin ETF inflows were incredible, 39 00:02:44.560 --> 00:02:47.599 big names involved and so forth. So people almost had the idea that, 40 00:02:47.680 --> 00:02:51.719 oh, the ETFs are here, it will never correct, it will always 41 00:02:51.800 --> 00:02:54.719 keep going up in a straight line. That's not possible. Markets don't work 42 00:02:54.759 --> 00:02:59.199 that way, and this is why you have to dollar cost average in, 43 00:02:59.639 --> 00:03:01.960 and when we're hitting near the top of your dollar costs average out, you 44 00:03:02.000 --> 00:03:07.280 take the profits off the table because the bull market doesn't last forever. And 45 00:03:07.319 --> 00:03:09.000 look, bear markets don't last forever, but you want to walk away with 46 00:03:09.159 --> 00:03:13.759 money in your pocket. So the Bitcoin Fear and Greed Index right now is 47 00:03:13.759 --> 00:03:17.560 at the twenty eight. That's very bullish in a bull market, so I'm 48 00:03:17.599 --> 00:03:22.120 excited seeing that we're in this zone. We're hanging out here. Bitcoin is 49 00:03:22.199 --> 00:03:24.400 almost near its bottom, I think, if it hasn't hit it already. 50 00:03:24.879 --> 00:03:29.800 At the time of recording, it's below fifty five thousand dollars. So let's 51 00:03:29.840 --> 00:03:31.560 be patient. Let's see what happens this week. Now. One item I 52 00:03:31.560 --> 00:03:36.840 actually forgot to mention here is that whales are buying the dip. So Hunter 53 00:03:36.960 --> 00:03:42.759 Horseley of Bitwise Asset Management highlighted on July fifth, which was Friday, that 54 00:03:42.879 --> 00:03:47.439 they had thirty million dollars of inflows into their Bitcoin ETF. Earlier in the 55 00:03:47.479 --> 00:03:52.280 week, they had a day of forty million dollars. So smart money is 56 00:03:52.280 --> 00:03:57.719 buying the dip, and even James Seifert of Bloomberg said Bitcoin ETF's doing the 57 00:03:57.919 --> 00:04:01.479 exact opposite of dumping in the first twenty percent draw downs since launch. So 58 00:04:01.520 --> 00:04:04.680 of course, naturally you're going to have a rebalancing of the et apps and 59 00:04:05.080 --> 00:04:09.639 people's portfolios. But whales, and this is where you want to follow the 60 00:04:09.719 --> 00:04:13.919 data, are accumulating these dips. I'm personally buying the dip. I'm not 61 00:04:13.960 --> 00:04:17.639 buying the different bitcoin because, as I've stated many times I bought bitcoin when 62 00:04:17.680 --> 00:04:23.160 we were at that sixteen seventeen eighteen thousand dollars range in December twenty twenty two. 63 00:04:23.560 --> 00:04:27.839 What I am buying is all coins. My bitcoin bags are full right 64 00:04:27.879 --> 00:04:30.839 now, and I don't plan to do put any extra money in there because 65 00:04:30.920 --> 00:04:35.040 I believe all coins are going to outperform Bitcoin. That is not to say 66 00:04:35.079 --> 00:04:40.240 you can't make money with bitcoin, obviously, but this is where diversification is 67 00:04:40.319 --> 00:04:45.600 important. All coins are obviously more riskier than Bitcoin, and recently I expanded 68 00:04:45.600 --> 00:04:50.240 my Solana holdings significantly given the major things they've launched, and I'm going to 69 00:04:50.240 --> 00:04:55.079 continue to buy Solon and some other alts as well as some AI themeed tokens. 70 00:04:55.079 --> 00:04:59.639 So excited guys for the continuation of this bull market. Now we got 71 00:04:59.680 --> 00:05:03.120 some a very big crypto regulation type news here for this week. Eleanor Tarota. 72 00:05:03.160 --> 00:05:08.920 Fox Business is reporting some notable events in Washington for crypto peeps to keep 73 00:05:08.959 --> 00:05:12.759 an eye on. This week. Wednesday, there will be the Senate Agriculture 74 00:05:12.800 --> 00:05:17.600 Committee's Oversight of Digital Commodities Hearing with CFDC Chairman Roston Benham at ten am. 75 00:05:18.040 --> 00:05:25.319 Rocanna's Democrat Crypto Roundtable will Mark Cuban and White House and Biden administration folks and 76 00:05:25.360 --> 00:05:29.480 industry leaders. That's going to be taking place on Wednesday as well. We 77 00:05:29.560 --> 00:05:34.480 got Thursday a Senate hearing for Biden's renomination of SEC Commissioner Caroline Crenshaw, a 78 00:05:34.519 --> 00:05:42.240 new FDIC nominee for Chair Christy Goldsmith Romero, who's currently a CFDC commissioner. 79 00:05:42.519 --> 00:05:47.439 Also Kristin Johnson to be an Assistant Secretary of US Treasury and Gordon Itto to 80 00:05:47.839 --> 00:05:54.319 be a member of the Financial Stability Oversight Council. Eleanor says expect some questions 81 00:05:54.319 --> 00:06:00.279 on agencies approaches to digital assets in this hearing. She also highlighted that there's 82 00:06:00.279 --> 00:06:06.839 a possible House vote to overturn Biden's SAB one to one repeal veto on Thursday 83 00:06:06.920 --> 00:06:12.160 or Wednesday. She said they would need a two third majority on it. 84 00:06:12.639 --> 00:06:16.839 I think this is highly possible because we saw many Democrats join their Republican colleagues 85 00:06:17.199 --> 00:06:21.439 to pass SAB one to one in House and the Senate, and to pass 86 00:06:21.519 --> 00:06:27.680 the FIT twenty one bill. So could they override Biden here? I think 87 00:06:27.759 --> 00:06:31.360 so, because this is not some massive public issue which the average Joe and 88 00:06:31.439 --> 00:06:34.319 Jay know about. Because we know, you know, there's the whole party 89 00:06:34.360 --> 00:06:39.079 lines thing that many of the Democrats don't want to appear like they're against Biden. 90 00:06:39.480 --> 00:06:43.160 You guys know how it all works. But this is such a niche 91 00:06:43.199 --> 00:06:47.319 issue specific to the crypto industry that even if they joined the Republican colleagues, 92 00:06:47.560 --> 00:06:49.600 you walk on the street and ask someone, hey, do you know what 93 00:06:49.639 --> 00:06:53.720 TSA one two one is there? They have no idea, right, So 94 00:06:54.079 --> 00:06:58.240 I really think that this could get overruleable. We'll have to wait and see, 95 00:06:58.439 --> 00:07:02.920 but hopefully it does, because this is a major item that many Democrats 96 00:07:02.959 --> 00:07:09.240 recognize shouldn't be a partisan issue. But just Elizabeth Warren is the one pulling 97 00:07:09.360 --> 00:07:13.160 Biden strings here. She's the anti crypto army leader, right guys. But 98 00:07:13.279 --> 00:07:15.279 she's going to lose. She's on the losing side of history. Now, 99 00:07:15.319 --> 00:07:20.759 guys, some details here about the SEC which makes my blood boil. Apparently 100 00:07:20.759 --> 00:07:26.000 the SEC has spent one hundred and two million dollars on office moves in the 101 00:07:26.120 --> 00:07:31.439 last three years. One one hundred and two million dollars for moving. I 102 00:07:31.480 --> 00:07:38.639 mean this hashtag fire Gary Gancer like this comeback guy needs to be kicked out. 103 00:07:39.000 --> 00:07:42.279 This is pathetic and he's been asking for more money. I mean, 104 00:07:42.319 --> 00:07:46.600 come on, man, unbelievable. One user here, Daniel sembre Pico, 105 00:07:46.800 --> 00:07:51.439 said, meanwhile, their budget request for to Congress has increased by four hundred 106 00:07:51.519 --> 00:07:56.160 million dollars. And every year they also claim to need to add a few 107 00:07:56.240 --> 00:08:01.279 hundred more employees to their head count. They're now at over five thousand employees. 108 00:08:01.079 --> 00:08:03.920 This is big government for you, folks. It's not an SEC specific 109 00:08:03.959 --> 00:08:09.079 issue. We know the SEC is run by a scumbag regulator, Gary Ginser, 110 00:08:09.120 --> 00:08:11.519 who needs to be kicked out or there. But it's a big government 111 00:08:11.519 --> 00:08:16.879 agency where we've seen that many of these agencies have gone rogue, They become 112 00:08:16.959 --> 00:08:20.560 drunk on their own power right and become political and corrupt and so forth. 113 00:08:20.600 --> 00:08:26.000 And obviously a clear example of that is the SEC. So this is wild. 114 00:08:26.680 --> 00:08:30.600 Ryan selkiss a Missori. He tweeted out the following today, He said, 115 00:08:30.639 --> 00:08:35.039 good morning, I've declared independence from the SEC and its corrupt chair Gary 116 00:08:35.080 --> 00:08:39.840 Ginser. In the months ahead, Missori will be operationalizing a war against this 117 00:08:39.000 --> 00:08:43.480 illegitimate and corrupt agency. The draft below will be polished, improved, and 118 00:08:43.600 --> 00:08:48.759 sent to the SEC in Congress. So the letter he put together, it's 119 00:08:48.799 --> 00:08:54.240 titled Missari in twenty twenty four declaring independence from the SEC. So I'm not 120 00:08:54.240 --> 00:08:56.399 going to read through this whole thing. You guys can go check it out. 121 00:08:56.399 --> 00:09:00.639 But the TLDR here is they're going after the SEC. They listed a 122 00:09:00.679 --> 00:09:03.919 bunch of reasons and all the nonsense that's been going on, and they said 123 00:09:03.960 --> 00:09:09.919 MISSORI will no longer engage with the SEC in any formal or informal capacities until 124 00:09:09.960 --> 00:09:15.120 it is reformed and its leadership change. We now treat the agency as a 125 00:09:15.200 --> 00:09:22.200 constile, adversary, competitor, and superfluous federal regulator. Wow, this is 126 00:09:22.240 --> 00:09:26.200 interesting, and I hope more people follow. You know, sometimes these things 127 00:09:26.279 --> 00:09:30.879 are just about optics, but that's part of the game, right, Yes, 128 00:09:30.919 --> 00:09:33.720 there's the actual rubber hitting the road and getting things done, and what 129 00:09:33.840 --> 00:09:37.919 actually happens a lot of this is narratives and optics. Look at Elizabeth Warren 130 00:09:37.960 --> 00:09:43.200 anti crypto army. She says all these nasty things about the industry. The 131 00:09:43.200 --> 00:09:46.320 same thing with Gary Genser, right, he says, like all these crypto 132 00:09:46.360 --> 00:09:48.799 CEOs are going to jail. Really, they paint the industry with a broad 133 00:09:48.879 --> 00:09:52.960 stroke, right, So we got to fight back, and we got to 134 00:09:52.000 --> 00:09:56.399 play the optics game as well, So I give credit to Ryan here. 135 00:09:56.600 --> 00:09:58.960 Even if this doesn't pan out to do anything, it just puts a lot 136 00:10:00.200 --> 00:10:03.240 in the sand. It puts a counter argument to Gary's narratives, his false 137 00:10:03.320 --> 00:10:07.720 narratives and so forth. And I love that the crypto industry is suing the 138 00:10:07.759 --> 00:10:11.480 SEC. They're counter suing taking them to court. And this is I think 139 00:10:11.559 --> 00:10:16.320 why Congress and the Senate are going to be forced to push regulations too, 140 00:10:16.360 --> 00:10:20.360 because eventually this is going to boil over to madness. Right, industry suing 141 00:10:20.399 --> 00:10:26.120 the SEC, the SEC suing them against are getting called out by massive companies, 142 00:10:26.159 --> 00:10:31.000 and this is why Congress needs to act because it's becoming messy now. 143 00:10:31.039 --> 00:10:33.960 Guys, quick word from our sponsor and that it's vchain. V chain is 144 00:10:33.000 --> 00:10:37.399 one of the top Layer one enterprise blockchains out there. They're getting huge adoption 145 00:10:37.559 --> 00:10:43.960 from different enterprises globally, enterprises that are using them for Web three applications, 146 00:10:43.960 --> 00:10:48.679 decentralized applications, and sustainability projects. Some of the companies working with v chain 147 00:10:48.960 --> 00:10:54.679 include g von GI, BMW, Boston Consulting Group, and many big names. 148 00:10:54.720 --> 00:10:58.600 Guys. V Chain's blockchain has some incredible attributes it's secure, it's affordable, 149 00:10:58.720 --> 00:11:03.759 scale, fast and sustainable. I've been a VET token holder for years. 150 00:11:03.799 --> 00:11:05.679 I'm very bullish on this project. So if you'd like to learn more 151 00:11:05.679 --> 00:11:09.639 about v chain, check out the link in the description or go to vchain 152 00:11:09.679 --> 00:11:13.360 dot org. Now, guys, we are waiting for the SEC to approve 153 00:11:13.399 --> 00:11:16.840 the etherorem Spot ETPs. We know it's fifty percent done. The nineteen B 154 00:11:16.080 --> 00:11:20.440 dash fours are approved. We just need the s ones to be approved for 155 00:11:20.480 --> 00:11:24.679 these ETFs to go live. Many are anticipating the middle of July or to 156 00:11:24.759 --> 00:11:28.440 the latter a half, but I'm hoping it's the middle and that could be 157 00:11:28.480 --> 00:11:31.399 a catalyst where the market to bounce. Nake A Raci of the ETF stores 158 00:11:31.440 --> 00:11:37.240 said the spot ether ETF S one amendments supposedly due tomorrow, so talking about 159 00:11:37.240 --> 00:11:41.360 Monday, July eighth, how quickly will the SEC turn these around again? 160 00:11:41.519 --> 00:11:46.039 Main item I'm watching for his fees which won't be required with these amendments. 161 00:11:46.120 --> 00:11:50.840 Otherwise, assume issuers gearing up for a launch in next week or two. 162 00:11:52.799 --> 00:11:56.240 Very interesting. Once again, this could be a catalyst and give the market 163 00:11:56.279 --> 00:12:00.200 a reversal getting these ETFs live Now, guys, we've got to report here 164 00:12:00.279 --> 00:12:05.480 that Web three users hit ten million in Q two of this year and MetaMask 165 00:12:05.519 --> 00:12:09.960 to enhance security finance redefined. So we've often talked about how do we bring 166 00:12:11.000 --> 00:12:15.720 in the next billion users to Web three and crypto, and I've often stated 167 00:12:15.759 --> 00:12:18.519 that we need to make it as easy as the Web two applications, where 168 00:12:18.519 --> 00:12:22.279 it's a one click, very easy, where your mom or your grandma can 169 00:12:22.320 --> 00:12:26.720 do it right, like logging into Facebook or whatever it is. It has 170 00:12:26.759 --> 00:12:31.399 to look and feel a bit like the Web two apps, although the behind 171 00:12:31.480 --> 00:12:35.360 the scenes infrastructure is Web three. And they'll get me wrong, some of 172 00:12:35.399 --> 00:12:39.759 the interfaces need to be upgraded, right, The user experience needs to be 173 00:12:39.840 --> 00:12:43.039 upgraded. But we need to make it that easy, and we're getting there. 174 00:12:43.159 --> 00:12:48.519 This technology is actually getting faster adoption than the Internet did, and that's 175 00:12:48.679 --> 00:12:52.320 of course because we're building on a much more advanced and faster infrastructure. People 176 00:12:52.399 --> 00:12:58.080 have smartphones in addition to laptops and so forth. It's been decades, of 177 00:12:58.120 --> 00:13:01.159 course since the Internet launched, so you had time that runway for people to 178 00:13:01.159 --> 00:13:07.679 be able to learn this technology and go through all their trial and errors and 179 00:13:07.720 --> 00:13:09.480 all these things and figure out how they want to use it, So let 180 00:13:09.480 --> 00:13:13.200 me go to details here. This past week in DeFi saw Web three users 181 00:13:13.240 --> 00:13:18.120 reach a new all time high of ten million in the second quarter, and 182 00:13:18.240 --> 00:13:22.840 Consensus has integrated wallet guard to boost metamass security. The integration will involve the 183 00:13:22.919 --> 00:13:28.480 wallet Guard team joining the Meticamass product safety team to ensure a smooth transition. 184 00:13:28.840 --> 00:13:33.919 According to a July fourth report from blockchain analytics platform dap Radar, the number 185 00:13:33.960 --> 00:13:39.840 of users using Web three applications reached a record high in the second quarter. 186 00:13:39.919 --> 00:13:45.039 The number of daily unique active wallets was approximately ten million over the course of 187 00:13:45.080 --> 00:13:48.600 the quarter, a forty percent increase from the first quarter and the highest number 188 00:13:48.679 --> 00:13:52.720 ever reach. According to the report, and this is a quote, each 189 00:13:52.799 --> 00:13:58.919 sector of the decentralized application industry has experienced notable growth, contributing to overall bullish 190 00:13:58.960 --> 00:14:03.120 trajectory. Is great news, guys, very bullish, but just the tippity 191 00:14:03.120 --> 00:14:05.600 iceberg. We need bill, we need a billion, and then I think 192 00:14:05.639 --> 00:14:11.200 that would put us in the mass adoption category. And then when you think 193 00:14:11.240 --> 00:14:15.519 about you know this acid class and technology, it is truly global. It 194 00:14:15.600 --> 00:14:18.519 is not specific to the United States and so forth. Like let's say the 195 00:14:18.559 --> 00:14:24.240 Dot com boom wars, where the Internet was primarily adopted in the United States, 196 00:14:24.360 --> 00:14:28.120 then eventually the rest of the world. This thing is happening globally in 197 00:14:28.159 --> 00:14:33.440 many jurisdictions and countries. So I'm very excited, folks, And this is 198 00:14:33.440 --> 00:14:35.919 why I've often talked about future bull markets. Yes, I'm here to make 199 00:14:35.960 --> 00:14:39.799 money in this bull market, but I'm also but I also have my strategy 200 00:14:41.000 --> 00:14:43.320 of buying the dip come twenty twenty six, twenty twenty seven, and so 201 00:14:43.399 --> 00:14:48.240 forth, and then wait for the next bull markets in twenty twenty eight, 202 00:14:48.240 --> 00:14:52.200 which is the next bitcoin having So I'm looking at this from the macro. 203 00:14:52.399 --> 00:14:54.559 I hope you are as well. Now on that note of adoption, we 204 00:14:54.639 --> 00:15:01.279 got a report here that Solana has impacted Africa's crypto market mature, says an 205 00:15:01.279 --> 00:15:07.519 exchange executive, So I'm probably gonna butcher this guy's name. Ola Dountun Wilfred 206 00:15:07.720 --> 00:15:11.600 Acambe, the Chief marketing officer at FLYNNCAP, a platform for African over the 207 00:15:11.639 --> 00:15:18.639 counter crypto exchanges, has highlighted the crypto industry's remarkable growth and maturity, focusing 208 00:15:18.679 --> 00:15:24.759 mainly on Solana's resilience and community efforts In Africa. He told coin Telegraph that 209 00:15:24.080 --> 00:15:30.720 the crypto industry is steadily maturing, demonstrating its ability to withstand various challenges that 210 00:15:30.759 --> 00:15:35.240 would have previously triggered a market downturn. He stated the strength and adoption of 211 00:15:35.279 --> 00:15:41.039 any technology heavily dependent on the vigor of its community. Crypto Project's continuous focus 212 00:15:41.080 --> 00:15:48.240 on solving community problems, particularly in remittances and international payments, indicates positive year 213 00:15:48.399 --> 00:15:52.600 over year growth. Here's a quote. With the kind of communities built around 214 00:15:52.600 --> 00:15:56.919 several crypto projects, we're closer to mainstream adoption than ever. His sentiment follows 215 00:15:58.000 --> 00:16:03.279 a recent series of Solana also as Nigeria community meetups in different parts of Nigeria, 216 00:16:03.679 --> 00:16:08.039 showcasing solonas thriving community in Africa. So to my point that I said 217 00:16:08.039 --> 00:16:12.480 earlier, this is a truly global asset class. Never in the history have 218 00:16:12.600 --> 00:16:17.120 we had a truly asset class. I know some people will say, what 219 00:16:17.200 --> 00:16:19.600 about gold. Yeah, but you can't see the supply of goal real time. 220 00:16:19.759 --> 00:16:23.679 You can't move over the internet, you know, move gold like that 221 00:16:23.840 --> 00:16:29.879 obviously, And many of these cryptocurrencies are hardcap, like bigcoin is hardcap. 222 00:16:30.240 --> 00:16:36.440 You can't continue to mine more after it's done, and if it's lost, 223 00:16:36.679 --> 00:16:41.480 it is lost, and all of these things contribute to higher value and so 224 00:16:41.600 --> 00:16:44.840 forth. So this is why, over the years, despite the challenges we 225 00:16:44.919 --> 00:16:48.759 face in the United States with the SEC, I was a big believer in 226 00:16:48.799 --> 00:16:52.240 this technology and so bullish because I'm like, this thing is running on the 227 00:16:52.240 --> 00:16:55.120 Internet, so you could be in any part of the world if you're connected 228 00:16:55.120 --> 00:16:57.759 to the Internet. A majority of people are, even in developing countries. 229 00:16:57.759 --> 00:17:02.759 People have smartphones now out and they pretty much do a lot of stuff through 230 00:17:02.799 --> 00:17:07.799 smartphones, so crypto is easily accessible that way. So I'm very bullish on 231 00:17:07.799 --> 00:17:11.440 this and it's obviously the next layer on the Internet. It is the future. 232 00:17:11.799 --> 00:17:17.319 And despite what clowns like Gary Ginzer and some Elizabeth Warren, you know, 233 00:17:17.319 --> 00:17:19.920 whatever roadblocks they try to put up, they're gonna get steamrolled, right, 234 00:17:21.319 --> 00:17:22.960 They're not going to be able to stop this. The genies out the 235 00:17:22.960 --> 00:17:26.079 bottle, The train is ut the station. They can annoy us and slow 236 00:17:26.119 --> 00:17:29.759 us down a little bit, but they're not stopping this train. Guys. 237 00:17:30.200 --> 00:17:32.559 All right, folks, that's the news. Let me know what you think. 238 00:17:32.680 --> 00:17:34.480 Leave your thoughts in comments below. Don't forget to grab a copy of 239 00:17:34.480 --> 00:17:38.759 my book, Rethinking Crypto. It's available on Amazon in digital and paperback. 240 00:17:40.440 --> 00:17:42.839 Grab a copy to support the podcast. Grab a couple of copies for your 241 00:17:42.960 --> 00:17:47.519 friends and family who want to learn about this technology and asset class. It 242 00:17:47.559 --> 00:17:52.000 includes tips for investing in crypto, and if you bought a copy already, 243 00:17:52.000 --> 00:17:55.519 please leave a rating and review. It would really help me out for as 244 00:17:55.559 --> 00:17:57.720 far as my rankings. Thank you guys for watching and listening, and I'll 245 00:17:57.720 --> 00:18:15.359 talk to you all later. Buskate, Destgate, Tuscate, State St.