WEBVTT 1 00:00:07.519 --> 00:00:12.240 Hey everybody, Welcome into the Thinking Crypto podcast. You're home for cryptocurrency news 2 00:00:12.279 --> 00:00:16.039 and interviews. On your way in, please hit that subscribe button as well 3 00:00:16.039 --> 00:00:18.839 as the thumbs a button and leave a common blow. If you're listening on 4 00:00:18.879 --> 00:00:22.920 a podcast platform such as Spotify or Apple, please leave a five star rating 5 00:00:22.960 --> 00:00:26.480 and review. It supports the podcast and it doesn't cost you anything. Folks. 6 00:00:26.559 --> 00:00:29.559 We have to start by talking about the price of bitcoin, which is 7 00:00:29.640 --> 00:00:34.000 right now at fifty nine and five dollars. So Bitcoin, of course has 8 00:00:34.039 --> 00:00:37.799 been in this pullback phase and we're looking at the daily chart here and maybe 9 00:00:37.840 --> 00:00:40.600 we found a bottom, or maybe we haven't. I think we have a 10 00:00:40.640 --> 00:00:45.119 couple more weeks for bitcoin to settle and then we bounce. A bounce will 11 00:00:45.159 --> 00:00:48.640 be coming, folks, when in doubt zoom out. Market cycles are playing 12 00:00:48.640 --> 00:00:51.600 out here, and you know, we're of course talking about the micro you 13 00:00:51.600 --> 00:00:54.079 know, we're talking about the monthly, the weekly, and the daily. 14 00:00:54.439 --> 00:00:58.240 But from a macro perspective, we are in a bull market. I expect 15 00:00:58.280 --> 00:01:02.799 a bounce and for us to keep moving up to new highs and possibly a 16 00:01:02.840 --> 00:01:07.040 blow off top this year, if not into early twenty twenty five. So 17 00:01:07.359 --> 00:01:11.400 Bitcoin on the daily it's RSI is looking like it's found the bottom here. 18 00:01:11.599 --> 00:01:15.239 Now we could go further down, so I want to make sure I let 19 00:01:15.280 --> 00:01:19.560 you be prepared for multiple scenarios. We're talking probabilities here, not certainties, 20 00:01:19.640 --> 00:01:22.400 because I don't have a crystal ball. No one has a crystal ball. 21 00:01:22.599 --> 00:01:26.439 But we want to look at what are the next possibilities and what's the higher 22 00:01:26.560 --> 00:01:30.879 probability of playing out. So I think the higher probability here is Bitcoin is 23 00:01:30.000 --> 00:01:34.000 very close to that bottom before it bounds. Is the RSI is indicating that. 24 00:01:34.239 --> 00:01:37.519 And then if we look at the dx Y, where you know, 25 00:01:37.560 --> 00:01:41.359 when the DXY is going down, risk assets like Bitcoin, the NASDAC and 26 00:01:41.439 --> 00:01:45.519 much more are pumping. And then if the DXY is pumping, you know 27 00:01:45.599 --> 00:01:49.159 the assets are going down. So the DXY is looking weak on a daily 28 00:01:49.239 --> 00:01:53.599 chart, and it's RSI is starting to move downwards. So that's a positive 29 00:01:53.640 --> 00:01:56.439 sign. You have these two things moving in parallel, right, d x 30 00:01:56.599 --> 00:02:00.599 y's starting to show some weakness and Bitcoin try to find at bottom. So 31 00:02:01.000 --> 00:02:05.920 I think once these two things happen, we move upwards. And of course 32 00:02:05.959 --> 00:02:09.000 Bitcoin is the rising tied the lips all boats. So as the liquidity enters 33 00:02:09.039 --> 00:02:13.240 in back to Bitcoin, it will start flowing down to the all coins, 34 00:02:13.240 --> 00:02:15.560 and of course, as Bitcoin goes to that next leg up, which could 35 00:02:15.599 --> 00:02:20.560 be up to ninety K or even one hundred k, that liquidity will start 36 00:02:20.639 --> 00:02:23.800 hitting many different all coins. So here's some analysts actually wade in and have 37 00:02:23.960 --> 00:02:28.159 similar thoughts, and I want to share it with you guys. So Techtav 38 00:02:28.280 --> 00:02:31.639 highlighted the following. He said, the impulsive structure of the last one point 39 00:02:31.680 --> 00:02:36.759 five years says ninety to one hundred k is next. So what is he 40 00:02:36.840 --> 00:02:39.879 talking about. Well, he highlighted the chart where the market was in twenty 41 00:02:39.919 --> 00:02:45.199 twenty one and what that fractal look like. And then he's saying, we're 42 00:02:45.400 --> 00:02:50.120 at that same point where the similar type of fractal could play out, which 43 00:02:50.120 --> 00:02:53.120 could take us up to about ninety k, then a correction, then another 44 00:02:53.199 --> 00:02:57.960 move upwards a Bitcoin going to about one hundred and fifty K. And he 45 00:02:58.080 --> 00:03:04.599 included some whyke off charting showing that this would be wave five where we've currently 46 00:03:04.759 --> 00:03:07.919 completed let's say way four, and then we have that final move up. 47 00:03:08.479 --> 00:03:12.719 I think this makes sense. Now, it's not a guarantee, it's not 48 00:03:12.800 --> 00:03:15.599 a certainty. And I say that because people think when I make these statements 49 00:03:15.599 --> 00:03:20.159 that this is absolutely what's going to happen. I don't have a crystal ball 50 00:03:20.199 --> 00:03:23.719 once again, but I think this has the higher probability of playing out. 51 00:03:23.960 --> 00:03:28.879 He also shows the RSI potentially near that bottom where it bounces, so similar 52 00:03:28.919 --> 00:03:30.759 to what I was just showing you guys were telling you guys about here on 53 00:03:30.800 --> 00:03:37.000 the Bitcoin daily chart. So looking good. Peter Brandt a well known trader. 54 00:03:37.120 --> 00:03:40.479 He's been traded for a long time, trading traditional assets before crypto. 55 00:03:40.759 --> 00:03:45.120 He said, if Bitcoin can hold these lows and move higher, the chart 56 00:03:45.159 --> 00:03:51.240 will qualify as a very common bull market continuation chart construction. So right now, 57 00:03:51.280 --> 00:03:54.560 he says, here, we're in that dump phase, and then there's 58 00:03:54.560 --> 00:03:58.759 going to be a pump, right because eventually, you know, you get 59 00:03:58.800 --> 00:04:01.719 to that over soul and the market can't keep going downwards. It has to 60 00:04:01.759 --> 00:04:04.639 bounce, right, These are principles. Same thing. It can become over 61 00:04:04.759 --> 00:04:09.719 bought with all the ETF buying and Bitcoin hitting it's new all time high around 62 00:04:09.719 --> 00:04:14.080 seventy four thousand just literally over a month ago. That was in a overbought 63 00:04:14.199 --> 00:04:17.759 scenario. It could not keep going up like that it's not sustainable. Same 64 00:04:17.800 --> 00:04:21.160 thing on the on the other side of the token or a coin. It 65 00:04:21.199 --> 00:04:26.839 can't keep going down in these pullbacks, so eventually you'll see a bounce. 66 00:04:27.160 --> 00:04:30.040 And I know this is new for some of you, but once you've been 67 00:04:30.040 --> 00:04:31.839 around the block in this market, guys, and I've been here for multiple 68 00:04:31.879 --> 00:04:34.720 bullmarket and bear market cycles, I've seen this before, and once again, 69 00:04:34.759 --> 00:04:39.720 we are in an uptrend, not a down trend. So I'm not expecting 70 00:04:40.040 --> 00:04:44.120 a fifty percent crash or anything like that. Now, a black swan event 71 00:04:44.160 --> 00:04:46.560 could happen like what we saw in twenty twenty, but that doesn't mean the 72 00:04:46.560 --> 00:04:50.600 bullmarket's over. I mean the world is shut down in twenty twenty. Right 73 00:04:50.639 --> 00:04:54.360 in March of twenty twenty, you guys know what I'm talking about. The 74 00:04:54.399 --> 00:04:59.720 market's tank. Bitcoin had dropped straight down to three thousand. Then they started 75 00:04:59.720 --> 00:05:03.720 pumped again as liquidity came in. So, guys, the other aspect of 76 00:05:03.720 --> 00:05:09.800 this too is the macro and the FED just this past Wednesday or yesterday said 77 00:05:09.800 --> 00:05:13.079 they're not cutting rates anytime soon. It goes back to what I've been saying 78 00:05:13.279 --> 00:05:15.680 since the beginning of the year, and I wrote that newsletter saying I don't 79 00:05:15.720 --> 00:05:19.519 think the FED is going to cut any rates before the election to not show 80 00:05:19.560 --> 00:05:25.759 any type of favorability. Plus the data shows guys that when they cut rates, 81 00:05:25.800 --> 00:05:29.920 there's something breaking and the market's correct hard. I'm talking like forty fifty 82 00:05:29.959 --> 00:05:33.079 percent. That type of pullback doesn't mean the end of the world. It 83 00:05:33.199 --> 00:05:38.399 just means that's probably the end of the bullmarket. So I don't think they're 84 00:05:38.439 --> 00:05:42.040 going to cut this year before the election. I think after the election, 85 00:05:42.160 --> 00:05:46.600 and that could be in December of this year or in Q one of twenty 86 00:05:46.680 --> 00:05:49.000 twenty five, and maybe, like I said, this bullmarket could roll into 87 00:05:49.000 --> 00:05:54.480 twenty twenty five and that's where we see the big correction the bear market starts. 88 00:05:54.560 --> 00:05:58.480 So that's what I'm looking at, And I'm looking at these different scenarios, 89 00:05:58.480 --> 00:06:02.480 and I'm of course updating my thesis based on the facts changing and if 90 00:06:02.519 --> 00:06:06.680 anything happens that is unforeseen. And of course I have my cell targets. 91 00:06:06.720 --> 00:06:11.160 You know, I'm gonna start taking profits on bitcoin and ninety k then one 92 00:06:11.240 --> 00:06:15.319 hundred and so on and so forth, and likewise for all coins. I 93 00:06:15.360 --> 00:06:18.120 have my cell targets as well. So we'll see what happens next with the 94 00:06:18.120 --> 00:06:20.839 Bitcoin Fear and Greeted index. But like I said earlier, it was at 95 00:06:20.920 --> 00:06:25.439 fear. Right now it's at neutral, and that's a good sign as we're 96 00:06:25.519 --> 00:06:28.879 almost close to finding that bottom, folks. So let's talk about the top 97 00:06:28.920 --> 00:06:31.199 trending tokens on social media. This data is brought to you by Sentiment, 98 00:06:31.240 --> 00:06:34.720 which is a partner of the podcast, and you can get a lot of 99 00:06:34.759 --> 00:06:39.680 insightful cryptometrics and data. If you want to sign up with them, check 100 00:06:39.680 --> 00:06:42.480 out the link in the description. You can use my code thinking Crypto to 101 00:06:42.480 --> 00:06:47.120 get a discount. First token that's trending here is fracts share FXS and it 102 00:06:47.160 --> 00:06:53.160 has positive sentiment. Number two is ave on Ethereum with a high positive sentiment. 103 00:06:53.480 --> 00:06:57.240 Number three is cou coin token, so that's the exchange token coming in 104 00:06:57.720 --> 00:07:00.680 though it's positive to negative sentiment ratio is not good. Positive sentiment is at 105 00:07:00.680 --> 00:07:04.759 forty five point eight three percent, negative sentiment at forty one point six seven 106 00:07:04.800 --> 00:07:10.120 percent. Coming in at number four is AMP with positive sentiment. Number five 107 00:07:10.319 --> 00:07:15.480 is go network. The ticker symbol is got goot. It has bad positive 108 00:07:15.480 --> 00:07:20.000 to negative sentiment ratio, so positive at forty three point zero two percent negative 109 00:07:20.040 --> 00:07:25.120 sentiment at forty three point seven two percent. Coming in at number six is 110 00:07:25.240 --> 00:07:30.720 teller TRB with positive sentiment. Number seven is tel coin coming in with positive 111 00:07:30.759 --> 00:07:35.800 sentiment, Axiler AXL coming in with positive sentiment at number eight, Number nine 112 00:07:35.920 --> 00:07:42.879 coin x token CET coming in with positive sentiment, and finally Ocean Protocol number 113 00:07:42.920 --> 00:07:46.720 ten coming in with positive sentiment. And remember this protocol is actually going to 114 00:07:46.800 --> 00:07:51.040 be merged with Fetch dot AI and Singularity dot net because they're merging those three 115 00:07:51.079 --> 00:07:58.319 AI tokens to form the I think it's the super Intelligent, the artificial superintelligence 116 00:07:58.360 --> 00:08:03.920 alliance. So a Fetch token holder, it made me some decent money this 117 00:08:03.120 --> 00:08:07.480 cycle, and I told you guys in December twenty twenty two I was doing 118 00:08:07.519 --> 00:08:11.160 that. So it's it's going to be interesting when they merged these tokens. 119 00:08:11.160 --> 00:08:16.480 It might actually merge all the liquidity into one token, so we could see 120 00:08:16.480 --> 00:08:20.920 that FET token, which will be renamed to ASI, run up significantly. 121 00:08:20.360 --> 00:08:24.480 Not financial advice, do your own research, but I'm going to be buying 122 00:08:24.480 --> 00:08:28.439 the dips for fat because of this merge that's in the works, and once 123 00:08:28.480 --> 00:08:33.919 again liquidity being poled behind one token. So exciting times orry, folks, 124 00:08:33.960 --> 00:08:39.919 Let's jump into some news. We all know Blackrock is tokenizing. Larry Fink, 125 00:08:39.120 --> 00:08:43.759 CEO Blackrock, said tokenization is the future of finance. They started tokenizing 126 00:08:43.799 --> 00:08:48.080 on the Ethereum blockchain. Well, we got news here that Blackrock tokenize real 127 00:08:48.120 --> 00:08:54.039 world asset fun buildal so bui d L has become the largest of its kind 128 00:08:54.159 --> 00:09:01.320 after hitting three hundred and seventy five million dollars, topping Franklin Templeton's rival offering. 129 00:09:01.919 --> 00:09:05.159 Folks, they're not kidding. They're going to tokenize every traditional asset, 130 00:09:05.240 --> 00:09:09.320 stocks, bonds, even commodities, real estate, much more. It's all 131 00:09:09.360 --> 00:09:13.960 going on the blockchain. And I've said it over the years twenty four to 132 00:09:13.960 --> 00:09:18.039 seven, trading global markets. No more opening and closing bell of the stock 133 00:09:18.080 --> 00:09:20.960 market. That will be a thing of the past. It's not going to 134 00:09:22.000 --> 00:09:24.519 happen overnight, but you're going to start to see that phase out, folks, 135 00:09:24.559 --> 00:09:28.919 because crypto like the crypto market, because of the blockchain and the real 136 00:09:28.960 --> 00:09:33.879 time aspect of it, people are trading real time twenty four to seven, 137 00:09:33.440 --> 00:09:37.240 and we're going to see a ton of liquidity come into different assets that we're 138 00:09:37.279 --> 00:09:41.399 not able to in the past. You're going to have that borderless aspect where 139 00:09:41.519 --> 00:09:45.360 you know, some people, for example in India can't touch the New York 140 00:09:45.399 --> 00:09:48.360 Stock Exchange, but they can touch assets on the blockchain. So we're dealing 141 00:09:48.440 --> 00:09:52.320 with a truly global acid class and that's because of the blockchain technology. And 142 00:09:52.519 --> 00:09:56.279 it's amazing that block Rock is already taking the lead here. They're the lead 143 00:09:56.360 --> 00:10:00.759 dog now even though other players like Franklin, Tum, Milton and so forth 144 00:10:00.840 --> 00:10:03.519 started ahead of them. So let me give you some details. The Blackrock 145 00:10:03.639 --> 00:10:09.879 US, the institutional Digital Liquidity Fund, represented by the buildel token on the 146 00:10:09.919 --> 00:10:15.000 Ethereum network and backed by US Treasury bills, repot agreements, and cash, 147 00:10:15.399 --> 00:10:20.679 now boasts three hundred and seventy five million dollars of deposits after enjoying seventy million 148 00:10:20.720 --> 00:10:26.840 dollars of inflows last week. Blockchain data RWA dot xyz shows the fund, 149 00:10:26.879 --> 00:10:33.360 created with tokenization services platform Securitized, has captured almost thirty percent market share since 150 00:10:33.399 --> 00:10:37.080 its debut on March twenty first. Meanwhile, the Franklin on Chain US Government 151 00:10:37.120 --> 00:10:43.240 money Fund with the Benji b e Nji token slid to three hundred and sixty 152 00:10:43.279 --> 00:10:48.559 eight million dollars in assets under management after experiencing minor outflows during the same period. 153 00:10:48.960 --> 00:10:54.399 The change in guard was largely thanks to the growth of Ondo Finance, 154 00:10:54.600 --> 00:11:01.039 whose tokenized treasury offering OUSG leverages black Rocks token as reserve asset and enjoyed fifty 155 00:11:01.120 --> 00:11:05.480 million dollars of inflows in a week. I really have to look into this 156 00:11:05.600 --> 00:11:09.320 Ondo Finance token guys, not financial advice. I'm just saying when I see 157 00:11:09.360 --> 00:11:13.200 adoption like this from real companies, from TRATFI and so forth, that's very 158 00:11:13.200 --> 00:11:18.279 bullish. You're getting utility. You can also invest in Etherorem because Blackrock is 159 00:11:18.360 --> 00:11:24.600 tokenizing on the Ethereum blockchain. Now there's other players like JP Morgan and City 160 00:11:24.639 --> 00:11:28.159 Bank tokenizing on Avalanche. So this is where you want to do your research. 161 00:11:28.480 --> 00:11:33.559 Who is using which blockchains and are these reputable companies. And I think 162 00:11:33.759 --> 00:11:37.759 when you see big banks and investment firms from TRATFI coming in and doing this's 163 00:11:37.960 --> 00:11:43.039 that's a big endorsement. That's a big sign that there's going to be more 164 00:11:43.200 --> 00:11:46.440 value on these blockchains, which is great for the native token. So I 165 00:11:46.519 --> 00:11:52.039 hold Etherorem. I don't hold Ondo, but it's something I'm currently researching. 166 00:11:52.080 --> 00:11:54.519 So I'm being transparent with you, guys, what I'm thinking, how I'm 167 00:11:54.559 --> 00:11:58.080 thinking, and what I plan to do. So this is very bullish news. 168 00:11:58.120 --> 00:12:01.759 Guys. We're seeing right before our eyes the adoption of blockchains. So 169 00:12:01.840 --> 00:12:07.679 the rapid growth of blockchain's first tokenized offering occurred as putting conventional assets like bonds 170 00:12:07.679 --> 00:12:13.679 and credit onto blockchain rails in forms of tokens, also known as tokenization of 171 00:12:13.759 --> 00:12:20.200 real world assets RWA has captivated digital asset firms and traditional finance tradified giants alike. 172 00:12:20.759 --> 00:12:26.240 Tokenization could offer benefits like faster around the clock settlements, increase operational efficiency, 173 00:12:26.279 --> 00:12:31.039 and greater transparency. US treasuries, among RWAs have emerged as a gateway 174 00:12:31.279 --> 00:12:37.279 for tokenization efforts as a low risk, well known instrument where investors can park 175 00:12:37.320 --> 00:12:41.799 their on chain cash and earn stable yield without leaving the blockchain ecosystem. The 176 00:12:41.840 --> 00:12:48.200 tokenized treasury market swelled to near one point three billion dollars from near one hundred 177 00:12:48.279 --> 00:12:52.279 million dollars in early twenty twenty three, propelled by in part of blackrocks entrance 178 00:12:52.360 --> 00:12:56.279 to the competition. So, folks, just to summarize, how can you 179 00:12:56.320 --> 00:13:00.559 make money off of this? Right? What Black Rocks doing like I said, 180 00:13:00.600 --> 00:13:03.919 you go hold a native token of the blockchains they are tokenizing on, 181 00:13:03.960 --> 00:13:07.399 so I mentioned Etheroreum and onto finance. Second, you know, if they 182 00:13:07.519 --> 00:13:13.120 start tokenizing certain types of assets that you're interested in. For example, I'm 183 00:13:13.120 --> 00:13:18.080 going to be looking at which real estate properties will they tokenize. Will they 184 00:13:18.120 --> 00:13:24.519 be tokenizing certain buildings in Manhattan which are in well established neighborhoods where the value 185 00:13:24.519 --> 00:13:28.360 will keep going up? Obviously, we know real estate continues to rise in 186 00:13:28.480 --> 00:13:33.799 value in part because they debase the currency, so the asset prices go up, 187 00:13:33.879 --> 00:13:37.799 right, we know that. So let's say they pick a really valuable 188 00:13:37.840 --> 00:13:41.600 piece of real estate and they tokenize it, and you are able to buy 189 00:13:41.039 --> 00:13:45.840 tokens of that real estate and hold it, which we know it's going to 190 00:13:45.879 --> 00:13:48.879 go up in value as that's how the world works with the basement of currency, 191 00:13:50.240 --> 00:13:54.559 and then possibly lend those tokens out or create secondary markets and do different 192 00:13:54.639 --> 00:13:58.000 things and eventually, like I said, lend it out so you're in pasaf 193 00:13:58.000 --> 00:14:03.639 inca or for a profit. So that's what I'm personally looking at. Next, 194 00:14:03.960 --> 00:14:07.320 as they get all of these things finalized, you know they're going through 195 00:14:07.360 --> 00:14:11.120 a lot of trial and error here. They're testing the waters, so eventually 196 00:14:11.120 --> 00:14:16.360 they're going to be tokenizing rare things, artwork, different cars, rare cars, 197 00:14:16.360 --> 00:14:20.639 and real estate and all these things. So that's what I'm keeping my 198 00:14:20.799 --> 00:14:26.840 eye open for guys and paying attention to to see what are some other investment 199 00:14:26.879 --> 00:14:30.320 opportunities to make money here. Now, folks, we got some interesting news 200 00:14:30.440 --> 00:14:33.759 from Tether. Now, many of you have seen my interview with Tether's CEO 201 00:14:33.879 --> 00:14:37.639 Paolo Ardoino that was from like a month and a half ago, if you 202 00:14:37.639 --> 00:14:43.240 haven't check it out. Tether has really positioned themselves to be in a better 203 00:14:43.279 --> 00:14:46.720 place than they were years ago. I've often stated. They got an endorsement 204 00:14:46.919 --> 00:14:52.200 from Howard Lutnik, who is the CEO of Canter Fitzgerald, a major Wall 205 00:14:52.200 --> 00:14:56.759 Street firm that existed before Crypto. He said, they have the money. 206 00:14:56.960 --> 00:15:00.440 Tether is done audits, it's on their websites. They do quarter and I 207 00:15:00.519 --> 00:15:03.399 actually monthly attest stations, I believe, and they have been working with governments 208 00:15:03.519 --> 00:15:09.080 and authorities to track down people breaking the law and doing wrong things because it's 209 00:15:09.120 --> 00:15:11.120 easy to do that with the blockchain. Right Well, folks, they are 210 00:15:11.120 --> 00:15:16.080 taking that to the next level. Tether enhances compliance measures with chain analysis ecosystem 211 00:15:16.440 --> 00:15:22.240 monitoring solution. Tether has collaborated with chainnalysis, the blockchain data platform, to 212 00:15:22.399 --> 00:15:26.759 develop a customizable solution for monitoring secondary market activity. This is a smart move 213 00:15:26.799 --> 00:15:30.759 on their part, and we know Chainnalysis they do a lot of data and 214 00:15:30.759 --> 00:15:35.759 analytics and blockchain tracking to help identify things that are not going well. So 215 00:15:37.039 --> 00:15:39.480 I think it's a great partnership. I think this is a big win for 216 00:15:39.600 --> 00:15:45.600 Tether and it helps them to further cooperate with governments around the world because they 217 00:15:45.600 --> 00:15:48.360 are the world's largest stable coin and of course they're going to be bad actors 218 00:15:48.440 --> 00:15:54.320 who are going to try to use USDT for nefarious activities. Same way bad 219 00:15:54.320 --> 00:15:58.320 actors try to use cash and gold and whatever means of value transfer that they 220 00:15:58.360 --> 00:16:02.519 can. So you want to stop the bad actors. It's not the medium, 221 00:16:02.559 --> 00:16:06.240 it's not the technology, right, we know that, unlike what Elizabeth 222 00:16:06.240 --> 00:16:08.919 Warren and Gary Genson would try to paint the picture of, it's all bad 223 00:16:08.960 --> 00:16:14.600 stuff. Clearly not right, black Rocket, All these guys are tokenizing and 224 00:16:14.639 --> 00:16:18.799 so forth. So this is a great, great partnership. Here and some 225 00:16:18.919 --> 00:16:23.600 other context, it says here the monitoring system could help Tether identify risky crypto 226 00:16:23.879 --> 00:16:30.360 addresses that could be used for bypassing sanctions or illicted activities like terrorists financing. 227 00:16:30.399 --> 00:16:33.879 The company said, so, really great stuff, and this is what I've 228 00:16:33.879 --> 00:16:37.399 been saying. You know, all along with the industry needs the clarity. 229 00:16:37.440 --> 00:16:41.159 They need to put these things in place because there are bad people out there 230 00:16:41.240 --> 00:16:44.919 trying to do things like they are outside of crypto. This is just human 231 00:16:44.960 --> 00:16:48.000 civilization. This is society. There's bad people doing bad things, so we 232 00:16:48.080 --> 00:16:52.759 need to make sure we're tracking them out and kicking them out off the blockchain, 233 00:16:52.120 --> 00:16:56.879 not letting them use these things. But we know it's very minimal compared 234 00:16:56.919 --> 00:17:02.399 to how cash and other currency and means of of value transfer are being used. 235 00:17:02.519 --> 00:17:06.279 Right, so this is great news in my opinion. Now, guys, 236 00:17:06.400 --> 00:17:07.799 quick word from our sponsor, and that is bitgo, which is one 237 00:17:07.799 --> 00:17:14.039 of the top tier crypto custodians out there. Bitco serves many great institutions in 238 00:17:14.079 --> 00:17:18.640 the industry, such as Pantera Capitals, does Dan moorehead bitstamp Exchange, Bitcoin 239 00:17:18.720 --> 00:17:23.640 Ira. Nike actually uses Bitgo's wallet service for their NFTs. Bitco has the 240 00:17:23.680 --> 00:17:29.599 following services, which include hot wallets, custodial wallets, self managed cold wallets, 241 00:17:29.599 --> 00:17:33.720 and NFT wallets. Bitco has a top tier insurance security and much more. 242 00:17:33.920 --> 00:17:37.359 So. If you'd like to learn more, please visit the link in 243 00:17:37.400 --> 00:17:41.160 the description now, folks, Michael Saylor, I told you guys last week 244 00:17:41.200 --> 00:17:45.720 he was doing his Bitcoin for Corporations initiative, where he's helping businesses and corporations 245 00:17:45.720 --> 00:17:49.759 and enterprises be able to learn how to add bitcoin to their balance sheet. 246 00:17:49.839 --> 00:17:53.240 Micro's strategy. Obviously he's doing that, Tesla has done it. A part 247 00:17:53.240 --> 00:17:59.720 of why Elon decided to add bitcoin to SpaceX and Tesla's balance sheet is because 248 00:18:00.160 --> 00:18:03.319 Michael Seller helped him to do that and educate him about it. And Jack 249 00:18:03.359 --> 00:18:07.480 Dorsey. You guys know who Jack Dorsey is. I don't need to explain 250 00:18:07.519 --> 00:18:11.440 that. They actually he tweeted out here that block the company he found it 251 00:18:11.599 --> 00:18:15.720 is dollar cost averaging into bitcoin every month, and he provided some details. 252 00:18:15.759 --> 00:18:18.359 Here's how your company can do it too, And Michael Sailor retweeted him saying, 253 00:18:18.680 --> 00:18:22.880 each month, you know, they will be investing ten percent of their 254 00:18:22.880 --> 00:18:27.359 gross profit from bitcoin products into bitcoins. So, guys, I think this 255 00:18:27.400 --> 00:18:33.839 trend continues and the name escapes me. I think it's fast bey, if 256 00:18:33.839 --> 00:18:37.559 I'm not mistaken. There's a rule, like an accounting rule that was updated 257 00:18:37.640 --> 00:18:42.759 last year, very bullish, that makes it easier for these companies the whole 258 00:18:42.799 --> 00:18:48.200 bitcoin. So I think this trend continues as these fuduciaries see that, Hey, 259 00:18:48.200 --> 00:18:52.000 look, I can get a better return and protect the purchasing power of 260 00:18:52.039 --> 00:18:56.400 the cash we hold in our balance sheet and our reserves by putting into crypto 261 00:18:56.680 --> 00:19:02.599 because it moves faster, right, faster in a real estate and the track 262 00:19:02.680 --> 00:19:06.359 five assets. It's like what Paul Tudor Jones, the billionaire investor said, 263 00:19:06.759 --> 00:19:11.119 crypto Bitcoin is the fastest horse in the race. And part of that is 264 00:19:11.200 --> 00:19:15.640 because it's a nascent acid class. The other aspect is it's global. Like 265 00:19:15.720 --> 00:19:18.920 I said before, not everyone can access stocks in different regions and markets, 266 00:19:19.000 --> 00:19:22.000 right, but they can access bitcoin. They can buy a fraction of it. 267 00:19:22.799 --> 00:19:29.119 First truly global acid class. And this blockchain of layer sits on top 268 00:19:29.160 --> 00:19:34.000 of the Internet and everybody now has a mobile smartphone, so the world is 269 00:19:34.160 --> 00:19:40.839 connected. They live digital and it's easy for them to just buy a fraction 270 00:19:41.000 --> 00:19:45.119 of the XRP cardono bitcoin. You name it, Solana, whatever it is, 271 00:19:47.359 --> 00:19:49.839 and many of these tokens have a finite supply, right it's hard cap, 272 00:19:51.359 --> 00:19:56.799 especially bitcoin, so that bodes well for the increase in value because there's 273 00:19:56.880 --> 00:20:02.680 no ambiguitio segmentation as to what is this market doing as far as how much 274 00:20:03.680 --> 00:20:07.119 capital is coming into the market. You see it real time on the blockchain 275 00:20:07.200 --> 00:20:11.759 and transactions. Right if someone's buying a billion dollars worth of bitcoin in Saudi 276 00:20:11.799 --> 00:20:15.519 Arabia, you will know. Now you don't know who they are and sof 277 00:20:15.640 --> 00:20:19.799 but you will see the transaction value and all of that is pooled right now. 278 00:20:19.920 --> 00:20:23.759 Yes, they can buy OTC obviously where some of these things are not 279 00:20:23.920 --> 00:20:27.680 tracked un chain. But the other aspect is they're buying a part of the 280 00:20:27.759 --> 00:20:32.160 supply, so the supply is then locked with you know, in their wallets 281 00:20:32.200 --> 00:20:36.839 and so forth. So you don't have this type of visibility and transparency in 282 00:20:36.920 --> 00:20:42.079 real time timeliness with gold and other assets. And there's many times you know, 283 00:20:42.559 --> 00:20:47.920 borders for these assets where not everyone can access it, but you have 284 00:20:48.000 --> 00:20:51.880 an Internet connection, you can access bitcoin in the crypto asset class. All 285 00:20:51.960 --> 00:20:53.920 right, folks, that's the news. Don't forget to get a copy of 286 00:20:55.000 --> 00:20:59.599 my book rethinking crypto. It will help support me. And this is also 287 00:20:59.680 --> 00:21:02.160 a great book you can give as a gift for someone who wants to learn 288 00:21:02.200 --> 00:21:06.200 about crypto. It tells the story of crypto's past, president and future, 289 00:21:06.599 --> 00:21:11.079 highlighting y FTX and all that stuff was not crypto, the bigcoin ETF race, 290 00:21:11.160 --> 00:21:14.839 the regulatory battle, what does the future look like? Tokenization NFTs and 291 00:21:15.000 --> 00:21:18.160 much more so a great gift. Once again, give it to your friends, 292 00:21:18.240 --> 00:21:22.480 your family who want to learn about crypto. It's broken down in Layman's 293 00:21:22.559 --> 00:21:26.839 terms, and it documents what has happened so far, guys. So grab 294 00:21:26.920 --> 00:21:30.000 a copy on Amazon in digital or in paperback. And thank you for everyone 295 00:21:30.039 --> 00:21:33.680 who came out to my book signing event on Tuesday down by the Wall Street 296 00:21:33.720 --> 00:21:37.319 bull It was at Station three NYC, which is a Web three hub. 297 00:21:37.400 --> 00:21:41.240 Guys had a great time meeting many of you who are longtime listeners. Thank 298 00:21:41.279 --> 00:21:45.480 you, Thank you for coming out. Thank you for your support, guys. 299 00:21:45.920 --> 00:21:48.599 And you know, I'll try to see if I can do other book 300 00:21:48.640 --> 00:21:52.319 signing events across the country in different places. So if you'd like me to 301 00:21:52.559 --> 00:21:56.519 come by to you know, whether you're in Florida, wherever it is, 302 00:21:56.039 --> 00:21:59.920 you know, leave your comments or send me an email and I can see 303 00:22:00.000 --> 00:22:03.200 if there's enough people who want to come out and meet up. You know, 304 00:22:03.240 --> 00:22:06.680 I can certainly set it up and have another event in different parts of 305 00:22:06.759 --> 00:22:10.039 the country. So thank you guys for watching and listening. I appreciate your 306 00:22:10.079 --> 00:22:11.200 support, and I'll talk to you all later