WEBVTT

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Here everybody. Welcome into the Thinking
Crypto Podcasts. You're home for cryptocurrency news

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00:00:12.560 --> 00:00:16.160
and interviews. On your way in, please hit that subscribe button as well

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as the thumbs up button and leave
a comment below. If you're listening on

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

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

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we have to talk about the price
of bitcoin. I see a lot

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of fearful comments and sentiment that's brewing
in the market, and people are getting

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kind of bored as well, because
bitcoin has been consolidating for weeks now,

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actually it's coming up to a couple
of months, and people are like,

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you know, is the bullmarket over? What's going to happen next? Now,

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we don't have a crystal ball,
but we can look at the facts

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and the data and look at what
has happened historically and look at what the

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charts are telling us to kind of
form a thesis and to be prepared for

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what may come next. And I've
been here for multiple bullmarket cycles, so

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I'm not work. I'm not scared, and I'm being very transparent with you

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guys. What will scare me?
Is if Bitcoin was to tank and drop

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below forty K, that would scare
me. That would be like, oh,

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something is very different this time around. All models are wrong, all

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signals are wrong. Right now,
we're nowhere near that. But keep in

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mind that bitcoin did an incredible run
up. Guys, that bitcoin etf buying

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and we're finding out who's been buying. JP Morgan, Wellspargo, some of

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the biggest firms and banks in the
world, and they drove the price of

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bitcoin to all time highs before the
having that's history. That has never happened

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in the history of bitcoin's lifetime.
So with that type of run up,

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you need a pretty good cooled down
and that's what we're in here, guys.

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And we've been ranging between the fifty
six k to the sixty four K

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range. Right you see, Bitcoin's
just chopping, it's grinding. So I

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think it's going to be a grind
until we find that ultimate bottom within this

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pullback zone, and then we balance
upwards and we keep going up. If

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you recall a couple of weeks ago, we saw a bounce in bitcoins RSI

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and the daily chart. But I
said, guys, let this play out,

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because I've been faked out in the
market before what happened, we got

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faked out that RSI kept going downwards. The question is it has it hit

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its bottom. I don't know yet. It could go a bit further down

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and I think later in May is
when we find that bottom and then we

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bounce. So that is what I'm
personally anticipating. But when I zoom out

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on this chart, when in doubt
zoom out, this looks bullish to me.

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There's nothing bearish or detrimental here.
So I think we're still on track.

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And don't just take my word for
it. Let me share some perspectives

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from different analysts. So Adrian Zadunchek
of the Crypto Verb team said another week

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closed of key long term support,
preventing major corrections. So bitcoin is building

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support here, guys, and then
it's eventually going to bounce. Now here's

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what wrecked capital. A great analyst
who does great chart analysis said, the

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bitcoin post having danger zone, which
is in the purple zone, officially ends

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tomorrow. So that doesn't mean the
price can go down a bit lower.

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It's just this is the normal cycle
area where we see these major pullbacks,

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and it's healthy because usually there is
a bider rumor sell the news event so

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you know the having's coming up,
the price goes up, and then they's

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just sell event on that news.
Doesn't mean the bullmarket's over, but bitcoin

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is going to consolidate, build the
support levels, and then start running up.

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So he gave a comparison to the
twenty sixteen twenty seventeen chart. Now

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here's what a crypto wizard had to
say. He calls it the great shakeout.

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In twenty thirteen, twelve weeks of
consolidation before the bull run up.

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Twenty seventeen, nine weeks of consolidation
before the next bull run up. He

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says, it's been nine weeks of
consolidation around the previous all time high for

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bitcoin so far, not long left. Don't get shaken out. Absolutely great

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advice when in doubt, zoom out. You see these patterns on the charts

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historically. Here crypto Michael Will highlighted
a sentiment chart showing where are we in

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that sentiment chart and it's called the
Wall Street cheat sheet. And right now

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he's saying, we are correcting from
the first sentiment extreme. That seems very

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likely, right because we had that
extreme run up, bigcoin hitting new all

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the time highs before they having and
then this pullback. He's calling it a

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bear trap. But after that is
renewed optimism, then fomo, then euphoria.

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You want to be selling that fomo
and euphoria phase because the dumb money

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crowd comes in that top area right
now. I didn't make up that terminology.

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That is a terminology that existed before
crypto, dumb money and smart money.

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Smart money's buying the blood on the
streets, buying the lows, buying

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the corrections and pullbacks. Dumb money
is buying the pumps and the euphoric blow

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off top. You do not want
to be in that dumb money crowd.

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You want to be on the smart
money side, selling, taking profits and

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then waiting for the bear market and
buying back in. And I'm talking from

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experience, guys, So great opportunities, especially in crypto because it moves faster

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and there's more capital. You make
incredible returns. I'm sure many of you

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have experienced it with not only Bitcoin, but all coins. All coins generally,

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I'll perform bitcoins. So people have
asked me, hey, have you

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been buying the dip on this pullback? Yes, but not Bitcoin. I

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bought the Bitcoin dip in December twenty
twenty two, twenty twenty three, when

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people were scared as hell. Because
I learned my lesson in previous markets.

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Now my portfolios up. What I
have been buying is all coins, especially

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those all coins who haven't really done
any type of retlacement move haven't taken off

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as yet because they all coins lagged
behind Bitcoin. So I took my positions

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on the all coins. I bought
some AI coins like Fetch and Render and

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so forth, adding more to my
bags. Not financial advice, you know,

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do your own research. And here
you guys, Ral Powell highlighting some

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macro charts talking about the FED liquidity
GDP growth and that the aging population is

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contributing to a lower GDP growth.
What does that mean? They have to

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service the debt for the aging population. That means print more money. And

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this is a global issue. The
boomers are aging out globally, they're going

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into retirement, they're coming out the
workforce less production. And you guys know

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how that all works. This is
economics, right, So he says,

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with high debt and low growth,
the FED needs to create liquidity to service

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the debt. Equals the basement,
meaning they're going to print print quantitative usings

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coming back. I've been telling you
guys this since last year, that we

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were at the bottom and they're going
to slow down on the QT, the

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quantitative tightening cycle. Right. They've
already paused rate hikes, and we've already

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seen some backdoor bailouts or bailins,
whatever you want to call them, up

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certain banks. All of that is
adding liquidity to the system. And this

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is happening globally, and we're going
to go back to the normal status quo

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of let's keep printing because we are
in a debt based system and they have

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to service them and that's how they
keep things going. So once you understand

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that, you understand that asset prices
are rising with the debasement of the currency,

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but the asset prices at least outpaced
and give you a higher return than

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you're putting your cash in the bank
and earning not next to nothing, and

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you're losing your purchasing power. So
it's not only crypto. You can put

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it in real estate into stocks.
So I'm diversified. I do put into

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stocks, I do have a investment
property. But as Paul Tudor Jones said,

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bitcoint crypto is the fastest horse and
race, so you get a faster,

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higher return with cryptocurrencies. So I
hope you guys understand. You want

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to look at the charts, You
want to look at the macros, the

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fundamental and much more. All of
these things are aligning to higher prices now

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go to vchain dot org or visit
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folks, we've been talking a bit
about the sec getting slammed by many

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folks who are calling them out for
their hypocrisy, and because of Donald Trump

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putting the stake in the ground saying
he supports crypto and that if you want

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to crypto regulations and someone who's friendly
to crypto, vote for him. Now

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we know how politics works, right, But I said that was very important,

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not so much because it's Donald Trump
the person, but the position,

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the office, the seat, former
president, and obviously the Republican candidate running

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against Biden. Replace Trump with somebody
else, right, But the point is

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the position, the narrative coming from
that position is incredible, and it puts

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game theory into play here where Biden
may now be forced to, you know,

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start to support crypto. And there's
been a lot of critics coming out

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slamming Gary Ginser and even by the
bide An administration. And one such was

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Mark Cuban. He's been on a
tear lately, and I'm trying to get

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him on the podcast, So please
tweet at him and tell him to come

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on to the Thinking Crypto podcast.
But he's been on a tear lately,

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criticizing some of the Democrats, criticizing
the Biden administration, saying, look,

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you're gonna lose crypto voters, and
you're they're gonna make their voices heard in

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the election. So I absolutely agree
with Mark here. And you see Trump's

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statements are getting picked up by many
politic called media sites such as Politico.

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Here's the headline from just this past
week, crypto is Trump's new weapon against

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Biden. Wow. And it says
here it's the first time crypto has become

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an issue in a general election of
a presidential race. Damn right, guys.

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I've been saying it for months,
right, even the last year.

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Crypto is a ballid issue. It's
not the number one issue. It may

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be number three for some people,
number five, but for some people it

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is number one. And I know
some people, on its face they're going

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to be like, what, how
can crypto be number one? Well,

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people's money and investments are in crypto, and they're trying to make a better

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life for themselves. So part of
being able to make a better life for

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yourself is being able to invest and
make a good return. And especially with

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inflation going crazy and all the economic
situations that are happening. So if you're

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going to cut off a technology and
asset class that is helping people to grow

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their net worth and grow their wealth
so they can live a better life.

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Then they're not so much going to
be concerned with other issues because at the

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end of the day, every man
and woman is looking to better themselves and

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to position themselves where they can live
comfortably, where they can then maybe take

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that money and do other things that
are in alignment with their values, right,

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Because it does take capital. It
does take you to be in a

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financial position to be able to contribute
to a campaign, start some sort of

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fundraiser, whatever it is. You
guys know what I'm talking about, right,

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So it goes back to people's wellbeing. And if you cut off this

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amazing technology in the United States and
you demonize and you have scumbag regulator Gary

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Gains and the corrupt Elizabeth Warren attacking
the industry, what do you think is

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going to happen? So this is
a smart move by Trump. Once again,

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I'm not endorsing Trump, I'm not
endorsing Biden. I'm just trying to

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get you guys to think about what's
happening here. This is not a political

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podcast where we talk about it.
Oh, this can is better than no.

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I'm giving you the facts I'm giving
you the news, and you make

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your own decisions. You form your
own conclusions from there. And here we

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got avicel who is the co founder
at Electric Capital. I'm actually going to

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have him on the podcast pretty soon. He gives some insightful information here retweeting

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Mark Cuban's thoughts about Gary Genser and
the SEC and the Democrats losing votes.

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He said, this is a conversation
I have weekly with mega donors in the

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Democrat Party. Joe Biden, he
tagged him, is shooting himself and a

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Democratic Party in the head by listening
to Elizabeth Warren and her incompetent staffers.

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Wow. Boy, I'm going to
ask him a lot of questions about this.

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But as you can imagine, he
has a hedge fund. They've raised

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like billions of dollars, right,
And it's not just him and his other

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companies and funds and vcs who donate
to politicians, right, we know that's

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the game. It's very telling that
he's coming out and saying this, so

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imagine he's not the only one,
and he's saying, like, what the

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hell are the Democrats doing? Right, And even people who are hardcore Democrats

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are like, yeah, Biden and
the Bidian administration are so wrong on this.

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So I think people can see Claire's
day that this is just a nonsense

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and Elizabeth Warren is losing the narrative
and she's corrupt as hell. But remember

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this is all her being controlled by
the puppet strings, right, the puppet

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masters being the banks and tried fight
incumbents who are getting disrupted, who want

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to slow this industry down so they
can catch up. That's why Blackrock,

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Fidelity and all these guys are not
getting Wall's notices, but coinbased, Ripple

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Kraken, all the startups are getting
Wall's notices. I think I don't think

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I need to explain that further.
So very insightful, and that these guys

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are talking to different political candidates and
so forth. And Jake Trawirsky, you

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know, he highlighted that political article
about Trump's new weapon against Biden is crypto.

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He says this piece should be required
reading for everyone in the Biden adminstration

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and on his campaign. Crypto is
a live issue in this election. An

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00:14:00.159 --> 00:14:03.879
anti crypto is a losing platform,
especially among swing state voters. Time is

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running out to change course. Now, guys, let's move ahead. We

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got some news here from Franklin Templeton's
CEO. SO, Franklin Templetons CEO says

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ETFs and mutual funds will be on
the blockchain. Absolutely. I've been telling

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00:14:18.120 --> 00:14:22.240
you guys for years, the token
economy is coming. Everything tokenized on the

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blockchain. Artwork, cars, real
estate, much more, securities, commodities,

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all these financial products. Everything will
be running on the blockchain. No

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more opening or closing bell in the
stock market, twenty four to seven trading

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markets, global markets, guys,
that's what's coming up, opening up tons

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of liquidity, opening up tons of
secondary markets and even tertiary markets. So

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I've had you know, the chief
investment officer at Franklin Templeton on Sandy Call,

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if you guys recall I interviewed her
maybe a couple months ago. They

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of course issued a bigcoins body TF. They're also tokenizing on the Stellar blockchain

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in Stellar lumens. So. Jenny
Johnson, the president and CEO of Franklin

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Templeton, a financial firm with one
point six trillion dollars in assets under management,

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recently reiterated her pro blockchain stands during
an interview with Bloomberg anchor David Westland.

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During the twenty seven annual Milken Institute
Global Conference in California. Among the

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hot topics discussed by the two,
Johnson had plenty to say on tokenization and

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generative artificial intelligence. When asked how
Franklin Templeton benefited from tokenization, Johnson quickly

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applied, first of all, I'm
a huge fan of blockchain and the technology.

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She described a situation where the company
ran a side by side experiment to

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process account records using both traditional methods
and blockchain for a period of six to

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eight months. As Johnson put it, the results were quite positive. We

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were astonished by how much less costly
it was to run on the blockchain.

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What a statement, folks, what
a statement. This technology is here to

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stay. It is the future.
It's running on top of the Internet.

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It's going to get very fast adoption. And I think the numbers already show

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that the Internet was the fastest adoption
of any technology. Now blockchain and cryptos

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outpacing that because, of course it's
running on a much more efficient network,

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and that is the Internet. It's
a very efficient technology, and we think

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it's going to open up a lot
of new investment opportunities. And honestly,

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Eventually, I think etf and mutual
funds are all going to be on the

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blockchain. She attributed this prediction to
the huge costs associated with verifying data between

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disparate systems, a problem that blockchain
was intentionally designed to solve. Johnson further

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pointed out that financial institutions and stakeholders
will need to verify data between external parties

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once the data is reconciled in house. Folks, I hope you see what's

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happening. This is not coming from
some random Joe Schmo, some guy on

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the street corner. This is coming
from the CEO of Franklin Templeton, a

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company that existed before crypto and blockchain, that has trillions of dollars of assets

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under management. They see the benefits, they see the potential of this technology.

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They're going through their trial and error
and testing phase now and clearly they're

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seeing positive results. That's why black
Rock and all these firms are not only

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issuing ETFs, but they are tokenizing. They're even custodying some of the funds

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and reserves of many companies crypto companies
out there. Bullish times are ahead.

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I hope you are exercising patients.
I hope you are zooming out on the

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charts and not getting shaken out by
pullbacks and bears and what they may say

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and scary stuff unless it's the apocalypse. Markets will continue to go forward and

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grow once again. When in down, zoom out, zoom out on the

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stock market, zoom out on the
crypto charts, and you will see it.

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Zoom out on the real estate charts
as well. And this all goes

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back to liquidity debasement of current see
and as they keep doing that, asset

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prices will rise. Obviously, the
adoption and utility is a next layer that

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adds value. But I'm trying to
give you a holistic picture here, guys,

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and I hope you see it.
Thank you for watching, Thank you

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for listening, folks, don't forget
to grab a copy of my book,

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00:18:17.680 --> 00:18:21.480
Rethinking Crypto to Crash of FTX and
a Rise of safer, stronger Assets,

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00:18:21.680 --> 00:18:26.400
which covers tokenization and what the future
of crypto looks like. Grab a copy,

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00:18:26.440 --> 00:18:29.799
guys. It supports the podcast.
Buy a copy for a friend or

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00:18:29.839 --> 00:18:33.160
family member who doesn't understand crypto,
who's a skeptic. This book will help

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00:18:33.200 --> 00:18:37.319
them to understand it. Guys.
So I appreciate you all, Thank you

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for watching and listening, and I'll
talk to you all later