Speaker 1: I've got huge news for you guys. Donald Trump has
Speaker 1: named a new candidate who is very pro crypto that
Speaker 1: could replace Gary Genzer, who is about to resign very soon.
Speaker 1: I'll share the details of who this person is. And
Speaker 1: Blackrocks Bitcoin ETF options trading went live today with some
Speaker 1: really good numbers. I'll break that down for you guys,
Speaker 1: and Michael Saylor will be talking to Rumble and Microsoft
Speaker 1: about adding bitcoin to their balance sheet. Let's get into it. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto podcast, your home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in, Please at that subscribe button as well as
Speaker 1: the thumbs up button and leave a comment below. If
Speaker 1: you're listening on a podcast platform such as Spotify or Apple,
Speaker 1: please leave a five star rating and review. Folks. Today
Speaker 1: bitcoin touch ninety four thousand dollars, hitting a new all
Speaker 1: time high, but of course nothing to call home about,
Speaker 1: because the previous all time high, which it hit about
Speaker 1: a week ago, was just over ninety three thousand dollars. However,
Speaker 1: what we saw this pump was a bit of a
Speaker 1: fake out. It moved up and then all of a
Speaker 1: sudden pulled back significantly. Right now, Bitcoin trading just over
Speaker 1: ninety one thousand dollars. Now, what we could see here, guys,
Speaker 1: is a further breakdown that this consolidation is not over,
Speaker 1: and that's not a guarantee, but you can't rule it
Speaker 1: out right. We're talking probabilities here, So we could see
Speaker 1: a pullback to the eighty thousands, which would build support
Speaker 1: levels before we move up to one hundred k. That
Speaker 1: would be very healthy and normal. So expect these things, guys,
Speaker 1: They're very important. Markets don't move up in a straight line.
Speaker 1: One of the things I shared with you guys yesterday
Speaker 1: was that two billion in USDT was minted over the weekend,
Speaker 1: so was two hundred million USDC. Well, Tether minted another
Speaker 1: billion today. You know, I always tell you guys to
Speaker 1: pay attention to this type of stuff because it means
Speaker 1: more liquidity is on the way. So let bigcoin consolidate,
Speaker 1: let the all coins consolidate as well, and the liquidity
Speaker 1: will start flowing back into the market again. And we
Speaker 1: know where asset prices are going to go, right, guys,
Speaker 1: rinse and repeat until the blow off top, and then
Speaker 1: we have to make sure we take profits. Of course,
Speaker 1: so be patient. A big part of investing is being
Speaker 1: patient and pay attention to the charts, stay tuned with
Speaker 1: the news and everything that's happening. That's why you're subscribed
Speaker 1: to this channel in podcasts. So we're seeing somebod these
Speaker 1: all coins cool down a bit once again. Very healthy.
Speaker 1: If you look at like dosee coin, XRP eight and
Speaker 1: so forth on their RSI daily RSI, it's super overbought, right,
Speaker 1: So you need the cool down and expect some pullbacks
Speaker 1: to build support levels. Now, guys, big news coming out
Speaker 1: of the Trump camp. So Donald Trump is said to
Speaker 1: be considering crypto lawyer Teressa Goodie Goulin. If I'm saying
Speaker 1: that right to lead as SEC chair. Now you may say,
Speaker 1: who is this person? So she is a crypto lawyer.
Speaker 1: Her Twitter profile says partner slash lawyer at Baker Hostaitler.
Speaker 1: If I'm saying that right, I probably butcher Dad. But
Speaker 1: the TLDR here is he's very pro crypto. She tweeted
Speaker 1: out the following on November thirteenth, US crypto and capital
Speaker 1: markets will thrive under President Trump. The public has loudly
Speaker 1: and clearly spoken current government has a responsibility to serve
Speaker 1: the will of the people, government of the people, buy
Speaker 1: the people for the people. Abraham Lincoln. I like that.
Speaker 1: I like that last part. We've often talked about how
Speaker 1: these government agencies have become rogue, they become too powerful
Speaker 1: and they don't even serve the people anymore. And we've
Speaker 1: talked about Genser. He's just doing the bidding of the
Speaker 1: tradify incumbents. Right, He's not here to serve you, but
Speaker 1: he's supposed to. Right, he's taking our tax dollars. But
Speaker 1: I love that she's saying this, and she could be
Speaker 1: appointed as SEC chair, a solid candidate in my opinion.
Speaker 1: In fact, when you look at her tweet history, she
Speaker 1: actually retweeted Stuart Aldaradi of Ripple when he tweeted out
Speaker 1: the following. In Ginser's first three years as SEC chair,
Speaker 1: the agency has been sued for abusing its rulemaking powers
Speaker 1: more times than the SEC was sued in the prior
Speaker 1: ten plus years, spanning the tenure of three long serving
Speaker 1: chairs combined. So she retweeted that. So this sounds like
Speaker 1: she's not a fan of Gary Ginser, as many people
Speaker 1: are not guys even outside of Crypto that people don't
Speaker 1: like Gainst her. He's a scumbag regulator, as I've been
Speaker 1: calling him for years now. One token project founder said
Speaker 1: she could be an instant change maker, so folks are
Speaker 1: positive on potentially having her as the SEC chair. Now.
Speaker 1: There are other candidates in the running, of course, possibly
Speaker 1: Brian Brooks. Possibly Dan Gallagher who's counselor at robin Hood
Speaker 1: but he formerly worked at the SEC. Hester purs is
Speaker 1: in the mix, but she said she doesn't really want
Speaker 1: the job. MARKI Wada could be one as well, but
Speaker 1: we'll see. But the point is, as we've been talking about,
Speaker 1: most likely to pick is going to be pro crypto
Speaker 1: or someone who at least understands his technology and doesn't
Speaker 1: have a political agenda, right, guys, So things are looking
Speaker 1: very bright, gangsters. Resignation letters should be coming in very soon,
Speaker 1: and I think the market's going to rip on that news. Guys.
Speaker 1: It's going to be a fun day. We're gonna celebrate.
Speaker 1: I'm going to be live streaming the day that resignation
Speaker 1: later comes in. We're going to have a party, guys.
Speaker 1: It's gonna be good times. But like I said, things
Speaker 1: are looking very bright. We're in a bull market. Many
Speaker 1: all coins are waking up following big coins lead gainsters
Speaker 1: are about to be out. We got the pro crypto
Speaker 1: president coming into office in January, along with the most
Speaker 1: pro crypto congress ever, so things are looking very good. Guys. Now,
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Speaker 1: be in the description. Now, guys, Today Blackrocks Bitcoin ETF
Speaker 1: options trading went live and here the folks that Bloomberg
Speaker 1: highlighted that a one point nine billion dollars in exposure
Speaker 1: was traded and this is pretty great as far as
Speaker 1: day one. Eric Balachina says one point nine billion dollars
Speaker 1: is unheard of for day one he says, for context,
Speaker 1: Veto did three hundred and sixty three million dollars and
Speaker 1: that has been around for four years. And also this
Speaker 1: is within twenty five thousand contract position limits. That said,
Speaker 1: one point nine billion dollars isn't quite big dog level
Speaker 1: as yet though for example, Gold did five billion dollars today,
Speaker 1: but give it a few more days and week. So
Speaker 1: it's going to ramp up, right, guys. But we know
Speaker 1: black Rock is gonna, you know, drive a lot of
Speaker 1: folks investing in trading with them, and this is going
Speaker 1: to bring a lot of liquidity and capital into the
Speaker 1: crypto market guys. So really big news. And tomorrow, in fact,
Speaker 1: great skills bigcoin ETF options trading will be launched along
Speaker 1: with bitwise and some other folks. So the other players,
Speaker 1: the other ETF issuers are going to get their options
Speaker 1: as well. So I think this is going to be
Speaker 1: a big catalyst in what drives Bitcoin higher beyond one
Speaker 1: hundred thousand dollars and possibly two one hundred and forty
Speaker 1: one hundred and fifty thousand dollars. So really big stuff. Now,
Speaker 1: speaking of Blackrock, Blackrocks Tokenization Fund BIDDLE, as many of
Speaker 1: you know, they have done some expansion, So blackrocks Biddle
Speaker 1: token first to go live and securitizes new platform for
Speaker 1: minting synthetic dollars while still earning r WA yield. So
Speaker 1: our WA stands for real world assets. So Securitize has
Speaker 1: introduced a new way to gain liquidity from real world
Speaker 1: assets while still earning yield, called S token. The token architecture,
Speaker 1: which uses the ERC four six two six standard, was
Speaker 1: built in collaboration with makers of the d US the
Speaker 1: Synthetic Dollar Elixir. Black Rock's Biddle token will be the
Speaker 1: first token issued by securitized to be part of this
Speaker 1: d USD RWA institutional program, while other assets plan to
Speaker 1: be introduced later. So, folks, a couple of takeaways here.
Speaker 1: Remember Blackrock launched on etherorem so if you are an
Speaker 1: e token holder, this is great news. Second, they continue
Speaker 1: to expand their services in the tokenization market clearly, and
Speaker 1: they're looking at generating yield, so they are ramping up
Speaker 1: as you can clearly see. And earlier this year was
Speaker 1: announced that you know, the fund the token ie fun
Speaker 1: crossed over five hundred million dollars. So I hope you
Speaker 1: see the direction this is heading. Guys, they're not slowing down.
Speaker 1: This thing is here to stay. And as Larry Fink said,
Speaker 1: I think earlier this year, tokenization is the future of finance.
Speaker 1: They're going to put everything on the blockchain. We've talked
Speaker 1: about it. A truly global market, twenty four to seven trading,
Speaker 1: no holidays, opening or closing, bell, no wekends and all
Speaker 1: that stuff, and a truly truly global market that can
Speaker 1: trade twenty four to seven guys, So incredible stuff. Now
Speaker 1: check this out. Michael Saylor was in a Twitter spaces
Speaker 1: today and he said he will be speaking to the
Speaker 1: folks at Microsoft their board actually next month about buying
Speaker 1: bitcoin for their treasury. So we know Salor has done
Speaker 1: these Bitcoin for corporations initiatives and conferences, and we heard
Speaker 1: just about a month ago that there was a proposal
Speaker 1: to the Microsoft board about buying bitcoin, but it has
Speaker 1: to be voted on, guys. I think this is going
Speaker 1: to happen. It's just a matter of when. It's not
Speaker 1: a matter of if. All companies are going to do this.
Speaker 1: As the currency debasement continues globally and here in the
Speaker 1: United States, of course, they continue to print more money
Speaker 1: and we notice system this is the fiance system. So
Speaker 1: this is why you need a hedge. This is why
Speaker 1: you need assets like crypto to outpace the debasement and
Speaker 1: inflation because they are eating away at your purchasing power
Speaker 1: and not many people reckon that. And you may say, well,
Speaker 1: I can invest in the stock market or real estate, yes,
Speaker 1: but they don't move as fast as bitcoin and crypto.
Speaker 1: So this is why I put the majority of my
Speaker 1: bets in the crypto market, because it moves faster than
Speaker 1: the basement and gives you higher returns. So pretty amazing.
Speaker 1: Sailor also replied to Rumble's CEO on Twitter saying that
Speaker 1: he would like to discuss about adding bitcoin to the
Speaker 1: balance sheet. So this is crazy what's happening here. But
Speaker 1: a lot of companies are going to do this, guys
Speaker 1: and Rumble. You know, as a smaller company, it makes sense.
Speaker 1: And Sailor has the credibility, he has the track record
Speaker 1: of having success with this, so it's going to be
Speaker 1: a pretty easy pitch. And there have been some updated
Speaker 1: accounting rules from the government. I think it's fast be
Speaker 1: which makes it easier for companies to add bitcoin to
Speaker 1: their balance sheet. So things are aligning. Plus you got
Speaker 1: the narrative of the Bitcoin Strategic Reserve. We know states
Speaker 1: are introducing bills like that one on the federal level obviously,
Speaker 1: so I don't know if that's going to happen to cycle.
Speaker 1: If it does, it will be amazing. But you know
Speaker 1: a lot of people are going to try to front
Speaker 1: run the United States, especially on the federal level. States
Speaker 1: may try to front run the federal level and other
Speaker 1: countries as well. So things are moving in the right direction. Guys,
Speaker 1: very bullish, All right, folks, let me know what you think.
Speaker 1: Leave your thoughts and comments below hit the thumbs up button. Guys.
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Speaker 1: appreciate you all, and I'll talk to you all later.
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