WEBVTT 1 00:00:00.160 --> 00:00:04.679 Bitcoin is pumping to the moon. It is currently over fifty five thousand, 2 00:00:04.879 --> 00:00:09.599 six hundred dollars. Could it hit fifty six thousand dollars tonight as we got 3 00:00:09.679 --> 00:00:14.599 news that the nine bitcoin ETFs have broken the all time volume record today. 4 00:00:14.880 --> 00:00:19.239 This includes black Rock and all the other big players. This is very interesting 5 00:00:19.519 --> 00:00:26.280 and Michael Sailor's micro Strategy has bought another three thousand bitcoin for approximately one hundred 6 00:00:26.320 --> 00:00:30.199 and fifty five million dollars. And as Bitcoin keeps moving, we know that 7 00:00:30.320 --> 00:00:41.280 liquidity will flow to all coins. Let's break this down. Welcome to the 8 00:00:41.280 --> 00:00:46.399 Thinking Crypto podcast. You're home for cryptocurrency news and interviews. If you are 9 00:00:46.439 --> 00:00:49.679 new here, please hit that subscribe button as well as a thumbsup button and 10 00:00:49.759 --> 00:00:53.439 leave a comment below. If you're listening on a podcast platform such as Spotify 11 00:00:53.520 --> 00:00:57.079 or Apple, please leave a five star rating and review. It supports the 12 00:00:57.119 --> 00:00:59.679 podcast and it doesn't cost you anything. Well, folks, we got to 13 00:00:59.679 --> 00:01:03.280 talk about bitcoin. It is ripping right now, folks. It is at 14 00:01:03.439 --> 00:01:07.400 fifty five thousand, seven hundred and twenty six dollars and climbing up over eight 15 00:01:07.519 --> 00:01:11.439 percent from a twenty four hour perspective, and the alts are moving to Etheroreum 16 00:01:11.519 --> 00:01:15.799 is looking strong. It is at three thousand, two hundred and twenty dollars, 17 00:01:15.319 --> 00:01:19.079 BnB at four hundred dollars, Solana at one hundred and ten dollars, 18 00:01:19.439 --> 00:01:25.239 XRP over fifty five cents, Cardano over sixty two cents, Avalanche or avax 19 00:01:25.480 --> 00:01:29.400 close to forty dollars in dosee Coin in the top ten now at just over 20 00:01:29.480 --> 00:01:33.200 eight cents. So, folks, even if you don't hold bitcoin, you 21 00:01:33.280 --> 00:01:36.680 just hold all coins. You want Bitcoin to go as high as possible because 22 00:01:36.680 --> 00:01:40.959 the liquidity what we've seen, the market cycles, the liquidity flows some bitcoin 23 00:01:41.040 --> 00:01:44.400 down to the alts, and the more liquidity there is in the market, 24 00:01:44.439 --> 00:01:48.760 the more the alts will pop off. So I'm excited not so much for 25 00:01:48.840 --> 00:01:52.280 Bitcoin because I did take some profits some Bitcoin. I'm excited for the all 26 00:01:52.319 --> 00:01:56.319 coins. And as you may have seen in my recent crypto Watercool episode, 27 00:01:56.359 --> 00:02:00.879 I talked about taking profits on fetch dot ai and render those ai coins that 28 00:02:00.879 --> 00:02:02.799 have been ripping, and I was up so much that I was like, 29 00:02:02.879 --> 00:02:07.359 I got to take money off the table. So exciting times, folks. 30 00:02:07.400 --> 00:02:10.560 Now, let's talk about what I've been saying about bitcoin over the past month. 31 00:02:10.639 --> 00:02:15.159 Or two. I've been saying I expect bitcoin to correct and go down 32 00:02:15.199 --> 00:02:20.400 to thirty five thousand to build support levels, then bounce and keep working its 33 00:02:20.439 --> 00:02:23.879 way up to new all time highs this year. But Bitcoin is ahead of 34 00:02:23.919 --> 00:02:29.360 schedule. It's going crazy. It's bypassing all of those thesis and ideas. 35 00:02:29.560 --> 00:02:34.039 It's very fascinating, folks. And we're not far from sixty nine thousand dollars, 36 00:02:34.360 --> 00:02:38.319 which is the current all time high, and that could easily be broken 37 00:02:38.360 --> 00:02:40.639 by the having Now is that a guarantee? Is that a certainty? Of 38 00:02:40.680 --> 00:02:45.599 course not. Bitcoin could hit the sixty k and then boom rejection, go 39 00:02:45.680 --> 00:02:50.039 back down, right, But that's okay. We need healthy corrections in the 40 00:02:50.080 --> 00:02:53.280 market because we're building support levels, higher highs and higher lows. So please 41 00:02:53.360 --> 00:02:57.759 understand me. If you've been here for multiple bullmarket cycles, you'll know what 42 00:02:57.800 --> 00:03:02.000 I'm talking about. You need the these support levels to go to the next 43 00:03:02.439 --> 00:03:07.360 level. And we, of course don't just want fifty k and sixty k, 44 00:03:07.479 --> 00:03:12.120 we want one hundred thousand dollars plus. So it's not gonna straight line 45 00:03:12.159 --> 00:03:15.159 go up to one hundred thousand dollars. That is not possible. That is 46 00:03:15.159 --> 00:03:19.680 not how markets work, but Bitcoin is doing something very different. And here 47 00:03:19.719 --> 00:03:23.080 Bob Lucas, who's a great analyst. He has a YouTube channel. He 48 00:03:23.159 --> 00:03:27.039 set the following. He tweeted out the Bitcoin monthly chart. A normal bitcoin 49 00:03:27.080 --> 00:03:31.280 cycle would have pulled back by now and consolidated another six months, well under 50 00:03:31.319 --> 00:03:36.919 the all time highs. Right now or right here, Bitcoin is fast approaching 51 00:03:37.120 --> 00:03:40.960 escape velocity. So something interesting is at play here, and part of that 52 00:03:42.360 --> 00:03:46.199 could be the ets I think, well, I should say part of it 53 00:03:46.280 --> 00:03:50.280 is the ETFs. And here Eric Balconis, who I will be interviewing this 54 00:03:50.360 --> 00:03:53.759 week. He's a senior ETF analyst at Bloomberg. He's tweeted out today it's 55 00:03:53.759 --> 00:03:59.560 official. The new nine bitcoin ETFs have broken all time volume record today with 56 00:03:59.599 --> 00:04:03.080 two point four billion dollars, just barely beating day one, but about to 57 00:04:03.240 --> 00:04:09.360 double their recent daily average. IBIT, which is black Rocks, went wild, 58 00:04:09.400 --> 00:04:13.800 accounting for one point three billion dollars of it, breaking its record by 59 00:04:13.960 --> 00:04:17.120 thirty percent. So, folks, we are seeing records being broken here, 60 00:04:17.879 --> 00:04:23.639 just weeks in obviously from the launch. It's exciting, it's amazing, and 61 00:04:23.800 --> 00:04:26.519 of course I'm going to talk to Eric about this now. Even if you 62 00:04:26.600 --> 00:04:31.399 don't hold bitcoin, but I always recommend folks that you diversify. You're just 63 00:04:31.439 --> 00:04:35.279 holding all coins. This is exciting times for you because once bitcoin hits its 64 00:04:35.319 --> 00:04:41.680 next overbought scenario, liquidity flows to those aults. Folks. As I'm talking 65 00:04:41.680 --> 00:04:45.920 to you right now, bitcoin is at fifty nine and twenty six dollars, 66 00:04:45.959 --> 00:04:50.600 so we're about to hit fifty six thousand. Exciting times. I'm so excited 67 00:04:50.639 --> 00:04:54.439 about this. And here let me continue. Matt Hogan, who have had 68 00:04:54.439 --> 00:04:58.319 on the podcast. He's at bitwise. He said, we bought thirty seven 69 00:04:58.319 --> 00:05:01.639 point two million dollars in bigcoin coin for a BitB that's their Bitcoin ETF today 70 00:05:01.959 --> 00:05:05.759 and we're only one of the ETFs. Things are going to get interesting, 71 00:05:06.360 --> 00:05:15.759 folks, Exciting times. James Seyferd also highlighted that the GPTC selling had a 72 00:05:15.800 --> 00:05:19.639 record low outflow today, only twenty two point four million dollars. So that's 73 00:05:19.680 --> 00:05:24.720 been ramping down, which is what I shared in yesterday's podcast, very bullish, 74 00:05:24.800 --> 00:05:29.120 and the buying has been increasing from the nine etf issuers. Now. 75 00:05:29.240 --> 00:05:32.399 The other factor, which I also shared in yesterday's podcast, the dxy to 76 00:05:32.480 --> 00:05:36.240 dollar currency in x is correcting. That's a very good sign, So we 77 00:05:36.319 --> 00:05:43.360 wanted to go way down and look that could correlate with by the having that 78 00:05:43.959 --> 00:05:46.079 if the trajectory is right, that could go down to about the middle of 79 00:05:46.120 --> 00:05:51.000 April, which would be around the having the DXY bounces and then Bitcoin and 80 00:05:51.079 --> 00:05:56.439 the stock market and so forth starts to correct. So we are seeing an 81 00:05:56.480 --> 00:06:00.560 interesting alignment and a lot of hype going up to this big coin having. 82 00:06:00.560 --> 00:06:03.639 And once again, even if you don't hold bitcoin, oh, bitcoin over 83 00:06:03.680 --> 00:06:08.040 fifty six thousand, Oh my god, it's pumping like crazy right now, 84 00:06:08.600 --> 00:06:12.240 fifty six thousand, five hundred and forty three dollars. It's exciting to watch 85 00:06:12.279 --> 00:06:16.120 his play out. As you know, I'm recording this exciting exciting times now. 86 00:06:16.160 --> 00:06:19.920 Michael Sailor is like a drug addict for bitcoin, right Bitcoin is his 87 00:06:20.040 --> 00:06:24.600 drug. This man has been buying. This man is buying bitcoin at fifty 88 00:06:24.639 --> 00:06:29.040 one thousand dollars, he tweeted out. Micro Strategy has acquired an additional three 89 00:06:29.120 --> 00:06:32.519 thousand bitcoin for one hundred and fifty five million dollars at an average price of 90 00:06:32.600 --> 00:06:38.240 fifty one thousand, eight hundred and thirteen dollars per bitcoin. As of February 91 00:06:38.240 --> 00:06:44.199 twenty fifth, they now hold one hundred and ninety three thousand bitcoin. Holy 92 00:06:44.319 --> 00:06:46.600 crap, and look black Rock and Wall Street and all the other issuers are. 93 00:06:47.120 --> 00:06:50.720 I think they're going to surpass that number. So it's a race, 94 00:06:50.800 --> 00:06:55.560 folks. It's exciting. Now. A great place that you can buy bitcoin 95 00:06:55.600 --> 00:06:59.879 and all the top all coins is Uphold. It's a platform I've been using 96 00:07:00.000 --> 00:07:02.399 since twenty eighteen, so I can vouch for it. I've interviewed the CEO 97 00:07:02.519 --> 00:07:08.000 many times, every interviewed the CFO and many representatives. Folks. You can 98 00:07:08.040 --> 00:07:12.040 also trade precious metals such as gold, silver, palladium, platinum. They 99 00:07:12.040 --> 00:07:15.399 have stable coins, they have a lot of fiat currencies. They're available in 100 00:07:15.439 --> 00:07:17.639 over one hundred and fifty countries. They have a great app, it's easy 101 00:07:17.680 --> 00:07:23.120 to use. Best of all, they are fully reserved. They have transparency 102 00:07:23.120 --> 00:07:26.879 reports that you can go review and be confident that your funds are saved. 103 00:07:26.879 --> 00:07:30.240 They don't com mingle or lend out your funds. But as always, you 104 00:07:30.240 --> 00:07:32.480 know, if you buy crypto on an exchange, I highly recommend you self 105 00:07:32.519 --> 00:07:38.560 custody or you go to a qualified custodian such as bitgo, so you know, 106 00:07:38.639 --> 00:07:42.519 always don't leave all your crypto in exchange. I'm not saying you can 107 00:07:42.639 --> 00:07:45.360 leave some but don't leave all right. There's always a risk. And we're 108 00:07:45.360 --> 00:07:46.879 actually going to talk about some news later. But like I said, I 109 00:07:46.879 --> 00:07:50.800 trust Uphold. They have reserves, they have transparency reports. If you'd like 110 00:07:50.839 --> 00:07:55.519 to learn more about Uphold, check out the link in the description. Now, 111 00:07:55.759 --> 00:07:59.120 how many of you remember Peter Teel, Yes, one of the co 112 00:07:59.199 --> 00:08:03.680 founders of pay Pal, and of course has been a successful investor. He's 113 00:08:03.720 --> 00:08:05.920 a billionaire. Of course, he was an early investor in Facebook, and 114 00:08:05.959 --> 00:08:09.480 he has been invested in bitcoin and a lot of crypto projects. Well, 115 00:08:09.560 --> 00:08:16.360 Peter Teal's founder's fund co leads twenty seven million dollars seed round for modular blockchain 116 00:08:16.560 --> 00:08:20.199 project a veil. This is the first time I'm hearing about this project, 117 00:08:20.399 --> 00:08:22.759 so I want to share this news with you. I'm going to research this 118 00:08:22.839 --> 00:08:24.199 and see if it's a project, a coin that I want to put my 119 00:08:24.319 --> 00:08:28.240 money in, because if Peter Teal's behind it, you know it's something to 120 00:08:28.240 --> 00:08:31.320 pay attention to. I'm not saying you should blindly go invest in it. 121 00:08:31.639 --> 00:08:35.440 Yeah, I'm going to do my research. See what problem they're solving, 122 00:08:35.759 --> 00:08:39.440 the tokenomics and all that jazz. But this is very very interesting. So 123 00:08:39.919 --> 00:08:45.200 a Veil has raised twenty seven million dollars in seed funding, co led by 124 00:08:45.360 --> 00:08:50.000 Founder's Fund and Dragonfly. A Veil is a modular blockchain project that's spun out 125 00:08:50.039 --> 00:08:52.840 of Polygon last year, so Polygon has the native token matic on it, 126 00:08:52.919 --> 00:08:58.559 so this is really really great. A Veil commenced operations within Polygon in late 127 00:08:58.600 --> 00:09:03.919 twenty two twenty and was funded from Polygon's treasury until March twenty twenty three, 128 00:09:05.399 --> 00:09:09.720 when it became an independent entity separate from Polygon. As it approaches its mainlet 129 00:09:09.840 --> 00:09:15.399 launch, Veil has raised external funding, so it's gonna go to MAInet and 130 00:09:15.840 --> 00:09:18.639 I'm gonna check out this token once again, guys and see that there might 131 00:09:18.679 --> 00:09:22.320 be something good here and we'll see what they're trying to solve. So put 132 00:09:22.320 --> 00:09:24.960 this on your radar. It's all I'm saying. Do your research, right, 133 00:09:24.000 --> 00:09:28.519 spend some hours looking into this if you are able. To. Now, 134 00:09:28.679 --> 00:09:33.600 crypto exchange bitfor X halts withdraw stops responding to users. This is a 135 00:09:33.720 --> 00:09:37.080 Hong Kong based crypto exchange and this is not a good sign. So they've 136 00:09:37.159 --> 00:09:41.559 halted with drawls or at least for at least three days without warning. And 137 00:09:41.639 --> 00:09:43.200 this is why we need regulations, right, folks, we need to make 138 00:09:43.240 --> 00:09:48.519 sure these exchanges even if they're going bankrupt because we know businesses go go out 139 00:09:48.559 --> 00:09:54.240 of business, right, have issues, that's fine, but our users funds 140 00:09:54.480 --> 00:09:56.840 safe. That's the important part that even if you go out of business, 141 00:09:58.039 --> 00:10:03.679 the funds are custody where they are not affected by the bankruptcy and users can 142 00:10:03.759 --> 00:10:07.039 get their funds back. So I'm hoping, you know, some folks are 143 00:10:07.080 --> 00:10:11.600 able to get this done and hopefully everything's okay here because I think we have 144 00:10:11.679 --> 00:10:16.320 to grow as an industry and get past this nonsense. This is why I 145 00:10:16.440 --> 00:10:18.840 chose Uphold as a partner as a sponsor, because I've used the platform. 146 00:10:18.879 --> 00:10:24.679 They have proof of reserves. So it's important, folks to make sure you 147 00:10:24.840 --> 00:10:26.759 verify you know, these platforms that you use. I don't know if anyone 148 00:10:26.799 --> 00:10:31.080 from Hong Kong is watching or listening to this, but if you are in 149 00:10:31.120 --> 00:10:33.799 your user you know, let me know, leave in the comments section or 150 00:10:33.840 --> 00:10:37.679 email me what's happening here. And funny enough, there's an article here that 151 00:10:37.720 --> 00:10:43.600 the deadline looms per Hong Kong crypto exchanges to apply for licensing, so maybe 152 00:10:43.639 --> 00:10:48.399 that's what's happening here. Right. The licenses have to be put into place, 153 00:10:48.440 --> 00:10:52.360 the audits and so forth. We don't want another FTX or Celsius, 154 00:10:52.440 --> 00:10:56.240 right, and this is why I mentioned earlier. Self custody is the way 155 00:10:56.240 --> 00:11:01.080 to go, or use a qualified custodian like bid go, which has insurance 156 00:11:01.120 --> 00:11:05.000 which you know their funds are secure and if they anything happens to them, 157 00:11:05.039 --> 00:11:09.759 the funds are locked up where you know they're not affected. So you know 158 00:11:09.759 --> 00:11:15.519 it's important to research these things. Crypto exchanges in Hong Kong have until February 159 00:11:15.559 --> 00:11:20.480 twenty nine to apply for a Virtual Act Trading Platform license issued by the Cities 160 00:11:20.559 --> 00:11:26.080 Securities and Features Commission, or otherwise liquidate their business and exit the region within 161 00:11:26.200 --> 00:11:31.559 three months WOW. As of February twenty six, eighteen cryptocurrency exchanges have applied 162 00:11:31.559 --> 00:11:37.200 for registration with the SFC, including okxbybit, Crypto dot Com and Binance linked 163 00:11:37.399 --> 00:11:43.759 HKVAX. Four other applications have been withdrawn since the licensing regime opened in August 164 00:11:43.799 --> 00:11:48.759 twenty twenty three. WOBHK, the Hong Kong subsidiary of crypto exchange WOBI now 165 00:11:48.919 --> 00:11:54.679 HTx filed a VATP application on February twenty, but we drew it three days 166 00:11:54.759 --> 00:11:58.000 later. The exchange did not state why it would through the application. So 167 00:11:58.120 --> 00:12:03.960 look this, this is why once again regulation licensing is so important to weed 168 00:12:03.960 --> 00:12:09.799 out the actors who are not able to maintain a safe environment for users to 169 00:12:09.840 --> 00:12:13.799 come and trade in custody. Right, And I know okax very well. 170 00:12:13.799 --> 00:12:18.000 They're one of the top exchanges in the Asian market. So this is we're 171 00:12:18.039 --> 00:12:20.480 headed in the right direction, right, So let's see how this plays out. 172 00:12:20.519 --> 00:12:26.240 But folks, don't miss the underlying theme here. Hong Kong is not 173 00:12:26.399 --> 00:12:31.120 banning crypto. They're not banning exchanges or crypto trading. In fact, they've 174 00:12:31.200 --> 00:12:35.559 opened it up to retail. They're offering financing licenses, regulations, and who 175 00:12:35.559 --> 00:12:41.200 controls Hong Kong China? Folks, I can't wait. I can't wait for 176 00:12:41.279 --> 00:12:46.639 this bull market to continue. And I believe a bitcoin ETF will be coming 177 00:12:46.639 --> 00:12:50.159 out of Hong Kong this year. Get ready. Now, the Texas Blockchain 178 00:12:50.279 --> 00:12:54.039 Council says it has a strong legal case in mining survey suit. So we 179 00:12:54.120 --> 00:13:00.360 had talked about this in the previous podcast where you got the EIA if I'm 180 00:13:00.360 --> 00:13:05.360 not mistaken trying to drop a whole bunch of data and survey results they need 181 00:13:05.559 --> 00:13:11.159 from bitcoin minors, and it's not within the legal time limits. So the 182 00:13:11.279 --> 00:13:16.440 Texas Blockchain of Council and Riot Platforms, alongside with the New Civil Liberties Alliance 183 00:13:16.519 --> 00:13:18.919 foally suit last week against the Department of Energy. So this is great. 184 00:13:18.960 --> 00:13:24.320 And I'm actually going to be talking to Lee this week of the Texas Blockchain 185 00:13:24.399 --> 00:13:28.720 Council. He is the president and we're going to talk about this situation, 186 00:13:28.840 --> 00:13:33.320 So stay tuned for that, folks. A great partner of the podcast is 187 00:13:33.440 --> 00:13:39.080 v chain, which is one of the top Layer one enterprise grade blockchains out 188 00:13:39.120 --> 00:13:45.440 there. They're working with big brands like Walmart, China, BMW, Deloitte, 189 00:13:45.600 --> 00:13:50.600 Javon Chi, and they are sustainable, They're doing great Web three projects, 190 00:13:50.639 --> 00:13:54.120 and you know, as far as capabilities, they are very scalable, 191 00:13:54.159 --> 00:13:58.759 they have great speed and security, and from an energy consumption standpoint, they're 192 00:13:58.879 --> 00:14:05.879 very low compared to other blockchain So there's so much capabilities around v chain And 193 00:14:05.960 --> 00:14:09.960 I'm a VET token holder. I've been holding it since twenty eighteen because I 194 00:14:09.000 --> 00:14:11.919 absolutely believe in this project and this is why I chose them to be a 195 00:14:11.919 --> 00:14:16.240 sponsor. So if you'd like to learn more about v chain, check out 196 00:14:16.279 --> 00:14:18.600 vchain dot org. Link will be in the description as well. Now, 197 00:14:18.600 --> 00:14:22.200 folks, I don't know if you all saw my newsletter today. The title 198 00:14:22.440 --> 00:14:28.679 was bitcoin all time high blowoff top in twenty twenty four. Question. I 199 00:14:28.720 --> 00:14:31.679 did a great breakdown here. Please check it out. Let me know what 200 00:14:31.759 --> 00:14:35.399 you think it has to do with the macro and the FED and why there 201 00:14:35.440 --> 00:14:41.480 is a thesis and a possible scenario here of Bitcoin hitting that new all time 202 00:14:41.559 --> 00:14:46.720 high blowoff top in December or November, in December of this year, and 203 00:14:46.799 --> 00:14:50.919 I break it down in the newsletter. Why I think that with facts and 204 00:14:52.039 --> 00:14:58.120 what's happening once again in the macro. So check it out. My newsletter 205 00:14:58.240 --> 00:15:01.120 is one hundred percent for you. You don't have to pay anything to subscribe 206 00:15:01.200 --> 00:15:05.639 and it will come to your inbox your email inbox. Folks. Also, 207 00:15:05.720 --> 00:15:09.840 please follow me on TikTok, Instagram, LinkedIn Facebook, Twitter Ax links will 208 00:15:09.840 --> 00:15:13.399 be in a description. Folks. I appreciate you all, thank you for 209 00:15:13.440 --> 00:15:16.200 watching and listening, and I'll talk to you all later