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Welcome back to the Thinking Crypto podcast. You're home for cryptocurrency news and interviews.

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If you are new here, please
hit that subscribe button as well as

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a thumbs up button and leave a
common below. If you're listening on a

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podcast platform such as Spotify or Apple, please leave a five star rating and

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review. It supports the podcast and
it doesn't cost you anything. Well,

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folks, we got to start with
Bitcoin's price, because today was wild.

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Bitcoin broke through sixty nine thousand dollars, hitting a new all time high,

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but then immediately rejecting. Right now, it's sitting at sixty three two hundred

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and seventy four dollars, so a
nice healthy pullback, folks. This is

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what we've been talking about for a
while. I thought that this was going

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to happen at fifty k, but
Bitcoin went beyond many analyst projections and what

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we've seen historically. It's ahead of
a schedule. Usually the type of movement

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that Bitcoin is seeing and breaking through
the all time highs happens after the having

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it's ahead of schedule, and that's
good for the entire market. We get

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to make money sooner, right versus
having to wait longer. So we Theorem

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at three five hundred and thirty dollars, BnB at three hundred and eighty eight

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dollars, Salona at one hundred and
twenty one dollars, XRP at fifty eight

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cents, Cardono at sixty seven cents, doge Coin at fourteen cents. Still

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in the number ninth spot. But
look at this number ten. A meme

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coin has claimed a number ten spot, and that is shiba Enu, folks.

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Shiba Enu over the past seven days
is up near one hundred and ninety

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one percent. That is wild.
I mean, my goodness, I don't

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hold these meme coins. I got
a little bit of doze, but I

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don't hold any meme coins and I
don't really mess with them. But if

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you're making money off of them,
you know, more power to you.

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As long as you're making money.
I'm happy for you, folks, because

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I'm here to make money. So
Bitcoin, folks, is cooling down once

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again. This is a healthy pullback. Those of you who've been here for

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multiple bull market cycles, you know
the deal. You've been around the block.

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These pullbacks to build support levels are
needed so that we can go to

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higher prices, because if you keep
running up like this. It's not sustainable

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and it eventually will have its burnout
moment and it's overbought scenario sooner than later.

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But we want to go to higher
prices. We want to go to

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six figures one hundred k plus.
So great, great that bitcoins pulling back

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here. I know some of my
super uber bullish people are gonna say,

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what do you mean? It's great, folks. Like I said, I've

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been here, I've seen that markets
have to follow principles. It doesn't matter

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if you're super bullish. They have
to follow principles. And you have to

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look at both the bullish and the
bear scenario as an educated, informed investor.

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You cannot have tunnel vision and be
biased. You have to look at

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what the market is telling you,
What are the charges telling you, what

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are the fundamentals telling you? That's
important. So this is very needed so

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that we can continue to higher prices
this year. And I'm hoping and I'm

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anticipating for six figures bitcoin one hundred
thousand dollars plus. So we'll just have

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to wait and see what bitcoin does
next. Here's what analyst Matthew Highland had

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to say about bitcoin's close today.
Bitcoin Daily closes below previous Wick high,

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that area is now resistance that will
need to be reclaimed. So Bitcoin may

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have to spend the next couple of
weeks consolidating building the support level before it

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bounces up, and that could be
look the majority of March. It could

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be because maybe it starts to rally
again as we get closer to the having

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which is in April. Just a
thought. You know, there's no guarantees

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here, but we know how it
has played out historically, so we can

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use some of that institutional knowledge,
right because we've been here for a while

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to have an idea, a probability, a guesstimate of what it may do

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next. Let's take a look at
the top coins that are trending on social

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media. This data was updated thirty
three minutes ago. It comes as no

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surprise Bitcoin is in the number one
spot with overall positive sentiment despite the pullback.

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But it's of course leading because it
hit an all time high and then

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had a pullback. But mean coins
continue to pop up. Shiba Inu obviously

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because it's rising to number ten on
the market. Capitalist is at number two,

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Dent is at number three. You
got here, myro I never heard

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of myro a dog with hat my
goodness, is still trending high at number

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five. E cash I've never heard
of that is at number seven. Taro

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Luna classic man, Why are people
investing in this crap? Even has a

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positive sentiment? Please be careful,
guys, the FTX, FTT token,

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Tara Luna. These are garbage projects
that should be burned and not exist,

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but they somehow exist, So please
be careful out there. Cronoscrothecrypto dot com

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coin unification, Tata, the Tata
network that is at number ten. So

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that's your top ten trending coins,
folks, and I think some of it

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comes as no surprise. All right, let's jump into the news attorning John

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Deeton, right, who's running against
corrupt Elizabeth Warren. I've donated to John.

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I actually I believe John can win
if he gets enough support in any

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enough donations. Well, Anthony Scaramucci, who I've had on the podcast many

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times, says he's all in on
John Deaton's campaign against Senator Elizabeth Warren and

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plans to host a fundraiser for him
in New York City. So I'm near

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New York City, so I will
definitely try to attend that I'll share the

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updates as I get them, folks. And John actually tweeted out today that

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he's now accepting campaign donations via cryptocurrency, so you can visit his website,

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John Deeton for Senate and donate to
John. And he's a crypto advocate and

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of course a freedom fighter. He's
not part of the political swamp that exists

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in DC. And we know Elizabeth
Warren, she's one of the most corrupt

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politicians ever. So vote for John
if you can't, support John if you

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can, and let's hope he can
get this victory. Now. Eleanor Tarroott

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of Fox Business is reporting that a
decision in the Custodia Bank versus FED Reserve

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case will not go to trial and
as summary judgment decision should be or could

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be imminent, a decision on the
merits will be issued forthwith. This is

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from Caitlin Long, So interesting,
folks. This is a big one.

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Remember they're FED essentially just blocking Custodia
Bank because they're trying to do things right

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and be a crypto focused bank.
So we'll see how this plays out.

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Now eleanor Terroot, a Fox business, is also reporting that the SEC has

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initiated a cease and desist proceedings against
Shapeshift, founded by Eric Vorhees. Now

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shape Shif is no longer active.
The company closed down in twenty twenty one,

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but they agreed a ship. Ship
agreed to pay two hundred and seventy

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five thousand dollars for its operation as
an unregistered broker dealer between twenty fourteen and

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twenty twenty one. Now I understand
why Eric Vorhees kind of settled this.

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It's a low amount, but it
also gives Gary Gainster a victory to say,

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ce C right, look at these
guys settling. They they're not fighting

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back because we know the SEC is
suing coinbase and Kraken and some other big

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players. So look, but it
is what it is. This is small

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and they're not operating anyway. But
you know, scumbag regulator Gary Gainster is

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going to use anything that he can
to fight the crypto industries. So interesting

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that the SEC's going after these guys
and this thing hasn't been operational in multiple

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years. It's so weird. Now. Nick Garacchi wighed and he's the president

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of the ETF store on the etheroremis
Spot ETF, he said, the SEC

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is seeking public comments on various spot
ether ETF filings. Really comes down to

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this, should approval of the spot
Bitcoin ETFs equal approval of the spot etherorem

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ETFs, given SEC allowed it features
ETFs, I say yes, but clearly

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key differences between bitcoin and eh which
the SEC is circling in on here.

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So, as I've been stating for
a while, the ethereum situation is much

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more complex than the Bitcoin ETF situation
that was more clear cut. Etherorem goes

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back to the bill him and J
Clayton thing. Gary Genser refuses to say

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if Etherorem is not a security before
Congress, I mean, come on,

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right, and Etherorem has a staking
component and all these things that are going

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on, and there's a lot of
building on Etherorem, so we'll see.

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I actually think the SEC should approve
the theorem is pot etf. But once

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again we're dealing with a scumback right
later, that is Gary Genser. Now

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some very bullish news coming out of
Germany here Deutsche Bursts. If I'm saying

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that right, Exchange debuts crypto platform
for institutions, the German exchange giant,

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Deutsche Bursts intros digital asset trading,
settlements and custody services amid crypto price rally.

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Folks, globally, we are seeing
the biggest institutions in the world,

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banks, stock exchanges, investment firms
jumping into crypto, launching trading services,

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launching custody services, and they're building
the on and off ramps for institutions.

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Retail already has the on and off
ramps. It's now time for the big

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money to come in. So this
is why I'm so excited for this bullmarket

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cycle and feature bull market cycles.
So dubbed the Deutscher Borse Digital Exchange DBDX,

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the platform is set to allow trading, settlement and custody of crypto assets

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while utilizing the existing connectivity to market
participants. The company said Tuesday it was

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not clear which crypto assets the platform
would support. A firm spokesperson did not

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immediately returned to request for comment.
While Deutsche Burse operates trading on the new

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exchange, its subsidiary Crypto Finance,
is set to offer these settlement and custody

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services. Deutscher Burst acquired a majority
stake in Crypto Finance in twenty twenty one.

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Deutscher Burst last year labeled launching a
crypto platform as part of its Horizon

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twenty twenty six strategy. That right
there tells you they have a long term

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view and they are not rushing into
this. They're crawling, they're walking and

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running, and we are in twenty
twenty four. So by twenty twenty six

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they're looking to have a well oiled
machine going. So carlow Kohlser, Deutscher

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Boris's head of Foreign exchange and Digital
Assets, called a new platform Deutsche a

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game changer for digital ecosystems. We
aim to provide trusted market operations for crypto

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assets, ensuring transparency, security and
regulatory compliance for institutional clients in Europe.

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He added in a statement, Folks, it's incredible. And when you think

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about capital flowing in around the globe
into these hardcap token supplies, where you

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have that supply and demand economic it
just not an inflationary aspect to it.

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Now, don't get me wrong,
some tokens do have that, but you

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know, let's look at some of
the top ones like Bitcoin theorem, xs

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RP and so forth, and some
have a burn rate. It gives the

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price of these tokens the potential for
incredible increase in value because of the hardcap

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nature of it. And this thing
is on the Internet, distributed globally,

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so you can be in any part
of the world. I've often talked about

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it. Have a cell phone and
you have an Internet connection, you can

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participate in the as a class.
You can buy a fraction. Now,

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these institutions and Wales, they're not
going to be buying friction. They're going

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to be buying a ton of it. But the point is Whales and the

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common man can all participate and by
this token, and that's incredible, and

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see it real time and have settlement
real time. So this is why it's

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so bullish. It's not like,
Okay, I can invest in the Hong

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Kong Stock Exchange, and people in
other parts of the world can invest in

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the New York Stock Exchange and so
forth Right, there's a barrier there.

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With crypto, there's no barrier,
folks, Global acid class and anybody can

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participate in any fiat currency can come
on board. Whether you're in Venezuela or

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Turkey dealing with hyperinflation you want to
move to bitcoin, or wherever you are

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at Iceland, you can participate.
And that's incredible. I don't think many

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folks understand how big that is,
and especially in an inflationary fiat currency system

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that we live in, and when
you have you know, barriers to stock

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markets and sometimes stock splits and all
these things. Right, crypto brings that

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true hardcap supply with verifiability, real
time settlement and much more. It's amazing.

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Now let's talk about NFTs, because
Coachella gives NFTs a second try after

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FTX integration debacle. This time around. The festival says it's partnering with a

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trusted, secure and safe partner in
open sea. So, folks, this

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is a real world adoption and it's
what I've been talking about for years.

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NFTs have to go beyond collectibles and
nice artwork. Don't get me wrong,

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there's a market for that, but
that's not a huge use case, right.

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We need utility that you get this
exclusive digital ownership for a ticket and

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event, whatever it may be.
It unlocks special perks and features, and

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that's where the utility is now.
I know some of you are going to

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say, dude, I don't care
about NFTs. I don't own any,

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I don't want any. That's fine, but guess what. The blockchains that

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are out there, and some of
you have the tokens for those set blockchains.

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The NFTs are minted on those blockchains, and what happens when there's building

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and developing and use cases on that
blockchain. It increases the value of that

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blockchain network, and that value trickles
down to the native token which you hold.

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So you want NFTs to be built
on the native blockchains of the tokens

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that you hold. So please understand
that even if you don't hold the NFTs,

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you want the building and you want
to see that, you know,

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the tokens you hold for the respective
blockchains, that there's a building on there.

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And this is a big one.
Coachella is a huge, well known

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music festival. A lot of people
attend this music festival every year. And

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look, at some point, I
actually want to attend. You know,

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I love live music. You know, it depends who's playing. I don't

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know if I can rough it out
for multiple days. It is usually in

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an outdoor venue spot where you know, things can get a little rough.

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But you know, we'll see,
We'll see maybe one day. But anyway,

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let me give you the details here
music festival Coachella. In twenty twenty

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two soul NFTs that earn collectors physical
art prints and photo books via a partnership

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with FTX. It also released a
set of ten NFTs guaranteeing lifetime assets to

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Coachella. The ten Coachella keys sold
for a collective one point four million dollars.

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So despite the setbacks guys from FTX
and all the debacle that happened there,

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Coachella is giving it a second try. So here's the interesting part,

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and which blockchains is it on or
which blockchain the NFTs are live on the

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Avalanche blockchain. The native token of
Avalanche is AVAX, and I hold some

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Avax tokens. I had recently interviewed
just last month, John Wu of Ava

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Labs, so be sure to check
out that interview. Avalanche is doing some

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big things. So huge adoption here
for Avalanche, and this is real world

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adoption. And here's an example of
what perks these NFTs unlocked. The festival

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will be letting some fans purchase NFTs
and gain access to VIP areas and exclusive

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merchandise. This year's rendition of the
Indio, California Week of Concerts see Folks

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unlocks benefits and feature And the great
thing as this market around NFTs evolve,

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people can hold on to that ticket, rent it out and earn income on

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it. Let's say they can't go, but they want to keep it and

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they want to rent it out to
somebody, and there's a secondary market,

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and you know, there's so many
opportunities. Here is what I'm trying to

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say, and all of it verifiable
and eliminates fraud because of the blockchain.

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This is the great stuff that we're
seeing here, folks, So awesome,

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awesome stuff. Now final item here
Arizona sent it advances effort to add crypto

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to state retirement funds. So,
my international listeners, Arizona is a state

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in the US. The concurrent resolution
seeks to encourage pension fund managers to consider

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crypto in their allocations. Folks,
we are going to see states and governments

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around the world certainly adopt crypto put
it on their balance sheet. It will

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start with bitcoin and then it will
expand further. And I think the ETFs

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really open up the door for many
of these local governments, federal, and

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you know, international governments to do
this because the ETFs are being issued by

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trusted sources like black Rock and so
forth, and have proper custody, so

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they wouldn't have to necessarily hold it
directly on you know, and custody it

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and so forth. They can just
go through the ETF. So it's amazing.

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And in fact, the article mentions
that that the portion of the portfolios

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to their allocating portion of the portfolios
to bitcoiningts, so folks, there's gonna

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be a lot of buying coming.
And wait till it goes beyond bitcoin.

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It goes to the etherorem ets and
other all coins and all coin baskets.

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The future is bright, you gotta
be patient and exciting times ahead. Final

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00:17:44.920 --> 00:17:47.599
a word to hear from our other
sponsor, and that is v chain,

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which is one of the top enterprise
grade Layer one platforms out there doing great

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things and Web three working with big
brands like BMW, PwC, Javon,

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She and many other They are also
working with Boston Consulting Group to build Web

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three and decentralized app ecosystems. So
if you'd like to learn more about v

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chain, please visit vchain dot org. Link will be in the description.

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00:18:11.039 --> 00:18:15.440
Thank you for watching and listening,
and I'll talk to you all later