Speaker 1: The FDIC is making a huge update to their guidelines
Speaker 1: to allow banks to participate with crypto. This is big
Speaker 1: as it follows the repeal a SAB one two one
Speaker 1: and very bullish. And Blackrock is expanding it's bigcoin ETF
Speaker 1: to Europe. And you won't believe what's happening to the
Speaker 1: SEC lawyer who's been working on the Ripple case, it's
Speaker 1: really funny. I'll give it to details. 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: a 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, we
Speaker 1: are seeing macroeconomic signals that are pointing to the FED
Speaker 1: is going to return to quantitative easing soon. I'm not
Speaker 1: the only one seeing this. There are many credible sources
Speaker 1: who are highlighting this, and the big one that a
Speaker 1: lot of folks are flagging is that the Federal Reserves
Speaker 1: Reverse Repo facility hit their lowest inventory in three hundred
Speaker 1: and eighty five days today. So this signal is that
Speaker 1: they're going to have to print guys. And even Bill
Speaker 1: Barrheight of Abro, retweeted this saying, quantitative easing is coming.
Speaker 1: They may have ten different names for it, but it's coming.
Speaker 1: Protect yourself. And even Spend Heinrich, who's a well known trader.
Speaker 1: I've had him on the podcast last year. He says,
Speaker 1: I don't even know every plot twist in this movie,
Speaker 1: but I know it ends with QE. So, folks, over
Speaker 1: the past two years, we've been talking about Janet Yellen's
Speaker 1: liquidity injections. We've been talking about the Fed's path towards
Speaker 1: going back to money printing, because that is the status quo,
Speaker 1: that is the Fiat money system we live in. And
Speaker 1: you may say, well, what does this have to do
Speaker 1: with crypto, Well, remember all assets are correlated to global liquidity.
Speaker 1: The reason global liquidity rises is they continue to print
Speaker 1: money and inject it into the system. Whether it be China, Canada,
Speaker 1: the United States, and whichever other countries, they all have
Speaker 1: to do the same thing. Now it's boom and bus cycles, right,
Speaker 1: and I've been telling you guys, we're entering the next
Speaker 1: boom cycle. They're going to go back to printing, and
Speaker 1: that's why all the debt ceilings that they keep raising.
Speaker 1: They're gonna have to service that debt somehow, and they've
Speaker 1: been on the path to it. It's been taking years, obviously,
Speaker 1: but this is where you have to have a macro
Speaker 1: view and be patient when you're investing, because we are
Speaker 1: going from quantitative tightening. We saw they pause rate hikes,
Speaker 1: they started cutting rates, and obviously they're going to fire
Speaker 1: up the money printers. So many folks are recognizing this,
Speaker 1: and I hope this is helpful that you understand why
Speaker 1: we have to diversify into assets and crypto, as Paul
Speaker 1: Tudor Jones said, is the fastest horse in the race.
Speaker 1: Yes you can invest in stocks, Yes you can invest
Speaker 1: in real estate and gold and precious metals, but nothing
Speaker 1: moves faster than crypto. You get a higher return. This
Speaker 1: is how we outpace the the basement and the inflation guys.
Speaker 1: So hope you understand that. Now big news coming out
Speaker 1: of the fdiice many of you know the SEC recently
Speaker 1: repeal saw one to one, which now allows the banks
Speaker 1: to hold crypto. But the other part of that is
Speaker 1: the insurance right you got to have the FDIC in
Speaker 1: line as well, so that these banks can participate with Bitcoin, crypto,
Speaker 1: stable coins, and much more so. Reports are coming out
Speaker 1: here that the FDIC plans to revise crypto guidelines and
Speaker 1: allow banks to engage in crypto activities. The FDIC aims
Speaker 1: to allow banks to engage in some crypto activities. Banks
Speaker 1: met with officials to discuss crypto custody, tokenized deposits. Do
Speaker 1: you see what's coming? Do not get distracted by the
Speaker 1: price volatility that we're experiencing right now. A lot of people,
Speaker 1: I'm starting to see the sentiment. They're getting bearsh they're
Speaker 1: getting tired, they're getting frustrated. But this is part of
Speaker 1: the cycle, guys. You got to be able to stomach
Speaker 1: through it. It is a roller coaster ride on the
Speaker 1: way up. But if you have a macro view and
Speaker 1: you dolo cost average in you buy the blood on
Speaker 1: the streets and you are patient, you will make incredible returns.
Speaker 1: Now my portfolio is up, guys, even though I wanted
Speaker 1: to go higher, but I understand that, Hey, look, this
Speaker 1: is part of it. I bought the Blood in twenty
Speaker 1: twenty two in the bottom when FTX collapse and much
Speaker 1: more even in January twenty twenty three, and now my
Speaker 1: portfolio is up significantly. I'm sure many of you who
Speaker 1: bought at that point you are up significantly. But it
Speaker 1: runs in phases. You can't have a continual pump and
Speaker 1: pump and pump. That's not how markets work. And you
Speaker 1: have to understand the global liquidity part and all these
Speaker 1: different things. That's why I try to give you the
Speaker 1: full pitcher, guys. I give you all the puzzle pieces
Speaker 1: to help you understand what's happening here. But this is
Speaker 1: very bullish news. The banks are going to bring in
Speaker 1: a ton of capital when they are able to custody
Speaker 1: it and create financial products, and they're going to go
Speaker 1: pitch it to all their customers, both institutional and retail.
Speaker 1: It's going to bring in a lot of capital. We
Speaker 1: still have higher prices to go. The bull market's not over, guys,
Speaker 1: and check this out. Black Rock is expanding. So Blackrock
Speaker 1: they're bearish and they're crying right now. They're like, go,
Speaker 1: oh man, the price is not moving. No, they're expanding
Speaker 1: their building because they know this thing's not done yet.
Speaker 1: So Blackrock is launching bitcoin ETFs in Europe, and they
Speaker 1: said here the fund will likely be domiciled in Switzerland
Speaker 1: and could start marketing as soon as this month. Blackrocks
Speaker 1: I Share Bitcoin Trust is the largest US ETF tied
Speaker 1: directly to bitcoin, with fifty eight billion dollars in assets,
Speaker 1: and the firm is a leader in exchange traded fund issues,
Speaker 1: managing over four point four trillion dollars in assets. So
Speaker 1: we know Blackrock is the world's wealthiest asset manager and
Speaker 1: their ETF has been blowing all the records out of
Speaker 1: the water, the fastest growing ETF in the history of ETFs.
Speaker 1: So they see what's on the horizon. They're expanding globally.
Speaker 1: They launch an etherem ETF. They're gonna launch other ETFs
Speaker 1: once the SEC gets it approved, Solona, XRP and much more.
Speaker 1: They know what's coming, guys, now check this out. Micro
Speaker 1: Strategy Michael Sailor's Micro Strategy has rebranded to Strategy, so
Speaker 1: they drop the micro and of course their slogan is
Speaker 1: Strategy is the world's first and largest bitcoin treasury companies.
Speaker 1: So really interesting move here by Michael Sailor. And one
Speaker 1: of the things I've been telling you guys, you know,
Speaker 1: I am a bit concerned with all the leverage they're using,
Speaker 1: so hopefully everything works out well for them. I don't
Speaker 1: have a problem Michael buying bitcoin, but if you're using
Speaker 1: excessive amounts of leverage, Historically, the history of markets has
Speaker 1: shown us that that is not a good thing. Look
Speaker 1: at two thousand and eight and different things. Right, So,
Speaker 1: but I'm hoping nothing bad happens and it works out
Speaker 1: when the bear market comes. I think he'll be fine. Now,
Speaker 1: bull market, the price goes up and all that. But
Speaker 1: let's see what happens when the bear market comes. Now.
Speaker 1: Remember Jorge Tanaro, the SEC lawyer who's been you know,
Speaker 1: attacking Ripple, lying here and there, some hypocrisy here and there. Well,
Speaker 1: you know, I told you guys the other day that
Speaker 1: the SEC is pretty much dismantling its crypto enforcement unit
Speaker 1: and Orgey has been moved to the IT department. When
Speaker 1: I read this, I just bust out laughing. This is hilarious,
Speaker 1: this guy man, and he's been trolled, you know, over
Speaker 1: the years because of all the things he said. But
Speaker 1: you know he was doing Gary Ginster's dirty deeds, and uh,
Speaker 1: of course, but you got to have some sense of
Speaker 1: understanding and morality and not do all the shady stuff
Speaker 1: he and Gainser were doing. But maybe him Gainstter are
Speaker 1: best friends or something like that, and even Ripples Stewart
Speaker 1: Aldaradi tweeted out. Sources say Jorgey Tenaro has been reassigned
Speaker 1: to Macro Data refinement. Oh man, all these guys gainst Their,
Speaker 1: Elizabeth Warren, Jorgey and whoever else that were attacking the
Speaker 1: crypto industry, they have been defeated, embarrassed, and they're gonna
Speaker 1: be long gone. This industry is here to stay. I've
Speaker 1: often said that Elizabeth Warren and Gary Ginter were on
Speaker 1: the wrong side of history. And here you go, folks,
Speaker 1: all of this is coming to fruition guys. Quick word
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Speaker 1: yesterday I talked about David Sachs press conference, and I
Speaker 1: told you, guys, it was a big win, even though
Speaker 1: some people are disappointed. They were expecting a whole bunch
Speaker 1: of other stuff. But I mentioned that look, government takes
Speaker 1: time to do things, and the fact that you have
Speaker 1: all these different government agencies and factions joining together to
Speaker 1: form a kind of crypto council is incredibly bullish. It's
Speaker 1: something that's not been done before, and I see this
Speaker 1: as a great foundation, rate start that is going to
Speaker 1: get us to where we want to. And even Ripple
Speaker 1: CEO Brad garling House weigh in saying any criticism of
Speaker 1: today's press conference is absolutely missing the forest for the trees.
Speaker 1: Having the Chair of the Senate Banking, the Chair of
Speaker 1: the House Financial Services, the Chair of the Senate Agriculture,
Speaker 1: and the Chair of House Agriculture joined the Crypto Zar
Speaker 1: to commit to passing legislation for crypto clarity is one
Speaker 1: hundred percent a big deal and something we haven't seen before.
Speaker 1: Spot on, guys. So we got to be patient and
Speaker 1: as Brad says, don't miss the forest for the trees.
Speaker 1: This is a huge win. Now moving ahead, we got
Speaker 1: big news around Onto Finance. Remember just recently, Onto Finance
Speaker 1: partner up with Ripple to tokenize one hundred and eighty
Speaker 1: five million dollars of US Treasury offerings on the XRP ledger.
Speaker 1: So Onto Finance launches tokenization platform for open on chain
Speaker 1: access to US securities. So this is pretty big. So
Speaker 1: the new platform is designed to open up on chain
Speaker 1: exposure to US public securities such as stocks, bonds, and
Speaker 1: exchange traded funds. Guys, what have I've been telling you
Speaker 1: for years? Right, They're gonna put everything on the blockchain.
Speaker 1: The economy and the markets will be running on a blockchain.
Speaker 1: It doesn't happen overnight, doesn't happen in one or two months.
Speaker 1: It's gonna take years. But the groundwork, the pipeline is
Speaker 1: being laid here. Please don't miss what's happening. And you
Speaker 1: want to make sure you're taking your bets on the
Speaker 1: blockchains that are being adopted, whether it be by the
Speaker 1: government or these trad FI institutions like black Rock and
Speaker 1: so forth. So they're gonna put everything on the blockchain.
Speaker 1: It's the token economy. I've been telling you guys for years,
Speaker 1: and we're gonna have twenty four to seven trading, no
Speaker 1: more opening and closing bill. Truly global markets and secondary
Speaker 1: and tertiary markets will be able to be opened because
Speaker 1: of the tokenization. Because you can fractionalize, you can do DeFi,
Speaker 1: you can wrap these assets things you can't do now
Speaker 1: right in an analog or semi digital world with stocks,
Speaker 1: but put them on the blockchain. It opens up a
Speaker 1: world of opportunities. So here is a quote what stable
Speaker 1: coins did for dollars. Onto Global Markets will do for
Speaker 1: securities on the route in its Tuesday announcement. By leveraging
Speaker 1: blockchain technology, we can bring institutional grade financial markets on chain,
Speaker 1: making them more accessible, transparent, and efficient. Now I don't
Speaker 1: hold the Ondo token, guys, but I'm going to have
Speaker 1: to start researching. Maybe this is one I take a
Speaker 1: bet on in the bear market because I haven't looked
Speaker 1: at the price chart, but it could have ran up
Speaker 1: already and I only have so much dry powder and
Speaker 1: I don't want to spread myself too thin. But this
Speaker 1: is one if you know, I would look into. I'm
Speaker 1: not saying you should have invest in it, but I
Speaker 1: would say look into it. Do your research right. So
Speaker 1: onto GM is expected to solve issues in the current
Speaker 1: securities investment environments such as high fees, limited access, transfer friction,
Speaker 1: and lack of interoperability. Guys, it's incredible what is happening.
Speaker 1: So the newly launched tokenization platform will offer exposure to
Speaker 1: over one thousand securities listed on listen to this the
Speaker 1: New York Stock Exchange and NASDAQ, including fixed income ETFs
Speaker 1: and individual stocks of companies such as Apple and Tesla.
Speaker 1: According to announcement, guys, they're gonna put gold, They're gonna
Speaker 1: put every commodity, every security, real estate, will be tokenized, cars, artwork,
Speaker 1: you name it. That's what's coming. So pay attention, keep
Speaker 1: it in the back of your mind, and you may
Speaker 1: want to look at, you know, how you can leverage
Speaker 1: those tokenized assets if you choose to. You know, let's say,
Speaker 1: buy some tokenized Tesla stock. Right, I own Tesla stock,
Speaker 1: but I may want to look at, you know, if
Speaker 1: I get the tokenized version, what can I do with it?
Speaker 1: Can I lend it out? Can I create something where
Speaker 1: I earn passive income? These are things I'm paying attention to,
Speaker 1: and as these things mature and become more fleshed out,
Speaker 1: I'm gonna look to participate, And of course I'll share
Speaker 1: that with you guys on this podcast. What I'm doing,
Speaker 1: how I'm doing it, and if it's making me money
Speaker 1: or not, if it's good or bad. Right, we want
Speaker 1: to test everything out. Not everything's gonna be perfect. I've
Speaker 1: often said version one point zero of anything is not
Speaker 1: gonna be great. It's gonna have bugs, right, so we
Speaker 1: got to be patients. Here's another quote. Tokens issued in
Speaker 1: the onto GM platform will be each backed one to
Speaker 1: one by an underlying asset like a public stock, and
Speaker 1: will be freely transferable like stable coins outside the US.
Speaker 1: Like I said, global markets, truly global markets, right now
Speaker 1: we get semi global markets. Right. So that's the news,
Speaker 1: my friends. Very bullish things are happening. I hope you
Speaker 1: recognize it. I hope you're not moving by your emotions
Speaker 1: based on what the price is doing. Now it's gonna
Speaker 1: bottom out, We're gonna have another pump into the next phase. Guys,
Speaker 1: just be patient. Patience is a big part of investing,
Speaker 1: and when in doubt, zoom out. And of course, if
Speaker 1: the looking at the prices bother you step away from it.
Speaker 1: If the market is not doing anything, don't even look
Speaker 1: at it. Guys. I have not looked at my portfolio
Speaker 1: in days because I know the market's down. There's no
Speaker 1: point in looking into my portfolio, right even though I'm
Speaker 1: up right, but I'm down from let's say the Q
Speaker 1: four run up because everybody's down right now, but I
Speaker 1: know its phases right, so just be patient. Let me
Speaker 1: know what you guys think about this news. Leave your
Speaker 1: thoughts and comments below hit the films up button. Guys.
Speaker 1: A great way you can support me in the podcast
Speaker 1: is by subscribing to my free email newsletter one hundred
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Speaker 1: a copy of my book, Rethinking Crypto. It's available on
Speaker 1: Amazon and paperback in digital. You can also check out
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Speaker 1: I appreciate you all and I'll talk to you all
Speaker 1: later