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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto podcast. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in. Please hit that subscribe button as

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<v Speaker 1>well as a thumbs up button and leave a comment.

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<v Speaker 1>Blow If you're listening on a podcast platform such as

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<v Speaker 1>Spotify or Apple, please leave a five star rating and review. Folks,

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<v Speaker 1>let's take a look at the bitcoin price chart right now,

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<v Speaker 1>because I like what I'm seeing. You know, one of

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<v Speaker 1>the things we've been talking about is just as cyclical

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<v Speaker 1>patterns are pulling out here, bitcoin leads to the market.

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<v Speaker 1>So we're using it as the measuring stick. Bitcoin is

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<v Speaker 1>in the oversoul zone. Now it can go a bit

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<v Speaker 1>further where it becomes even more over sold, right kind

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<v Speaker 1>of like how we hit the overbought zone and it

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<v Speaker 1>get superheated and you know a reversal is coming. I

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<v Speaker 1>actually hope it gets to that super oversol zone because

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<v Speaker 1>it means the next rally is going to be face melting. Now.

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<v Speaker 1>Right now, the RSI in the daily chart puts US

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<v Speaker 1>at a round a thirty six, and this is getting

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<v Speaker 1>too near the levels of the tariff crash which took

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<v Speaker 1>place back in February, January and February of course, and

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<v Speaker 1>even coming out of that to the final dip in April.

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<v Speaker 1>We're at those levels, folks, very close, So I think

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<v Speaker 1>a little more downside and then we find the bottom,

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<v Speaker 1>and I think we're gonna have a very good queue

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<v Speaker 1>for base on the data now, not my emotions, not

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<v Speaker 1>fairy tales, not my good feelings, whatever, just the data

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<v Speaker 1>what we've seen historically. And of course we're looking at

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<v Speaker 1>the leading factors such as global liquidity which continue to rise,

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<v Speaker 1>in addition to other factors that show that we have

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<v Speaker 1>not experienced the top yet. So patients continue to monitor

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<v Speaker 1>the metrics and the signals, and everything is gearing up. Well.

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<v Speaker 1>Here if we jump to the weekly view of this chart,

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<v Speaker 1>here we can see what's going on with the bears

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<v Speaker 1>because they're still in control, right. That's fine. Bulls have

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<v Speaker 1>their time and so do the bears. It's all cyclical,

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<v Speaker 1>so bears still in control. But eventually we're going to

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<v Speaker 1>see the flip, right once we hit that bottom, So

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<v Speaker 1>just be patient, folks. Now, the big news of the day,

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<v Speaker 1>which I'm sure many of you saw, Eleanor Turt of

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<v Speaker 1>Crypto in America reported that Vanguard eyes crypto ETF access

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<v Speaker 1>for its brokerage clients. Vanguard is the world's second largest

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<v Speaker 1>asset manager, right behind black Rock. They are preparing to

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<v Speaker 1>allow access to crypto ETFs, according to a source familiar

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<v Speaker 1>with the matter. Folks, we literally talked about it this week,

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<v Speaker 1>right with the news of Morgan Stanley opening up crypto

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<v Speaker 1>trading via e Trade that Vanguard, Charles Schwab, all the naysayers,

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<v Speaker 1>all the people who are detractors are going to capitulate.

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<v Speaker 1>They are going to bend the knee. And hear Vanguard

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<v Speaker 1>getting ready to open up crypto trading. They have to, folks,

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<v Speaker 1>as I said in the previous podcast. If they don't,

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<v Speaker 1>they will have their Blockboster moment because all of Wall

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<v Speaker 1>Street is adopting crypto and there's a lot of capital

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<v Speaker 1>flowing into crypto. So if you're a CEO or you're

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<v Speaker 1>running the company, you would be an idiot, right based

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<v Speaker 1>on your feelings or how you feel about crypto to

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<v Speaker 1>not allow your clients to be able to access it

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<v Speaker 1>and you're losing out on the fees, right, that would

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<v Speaker 1>just be an idiotic move. But they all have to

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<v Speaker 1>bend the knee. Game theories playing out here. No one

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<v Speaker 1>wants to get left behind. And like I've been saying,

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<v Speaker 1>Charles Schwab is going to be around the corner very soon.

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<v Speaker 1>So this is very bullish, folks. The second largest asset

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<v Speaker 1>manager in the world bending the knee to crypto. So

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<v Speaker 1>of course they're going to open up the ETF training

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<v Speaker 1>Bitcoin Etheroreum, and then once the all coin and ETFs

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<v Speaker 1>are live, you can imagine they're going to open that

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<v Speaker 1>up too. Don't be surprised if they start looking into

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<v Speaker 1>tokenization right because a black rock is doing it and

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<v Speaker 1>making a lot of money from it. You have Franklin, Templeton, Fidelity.

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<v Speaker 1>All these folks are doing these things and they're making

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<v Speaker 1>bank and it's the future. We know the markets are

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<v Speaker 1>going to be running on blockchain rails in addition to

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<v Speaker 1>the governments and the economy spokes. So better late than never.

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<v Speaker 1>Van Guard and I think the new CEO was the

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<v Speaker 1>one who you know, pushed this to go through because

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<v Speaker 1>he recall, the previous CEO had some very very nasty

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<v Speaker 1>statements he made about crypto, but he's long gone and

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<v Speaker 1>maybe that's part of the change here. But folks, this

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<v Speaker 1>is very significant. Don't miss how big this is. You know,

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<v Speaker 1>share this news with those who are skeptics about crypto

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<v Speaker 1>is still on the fence. I love what Eric Balchune,

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<v Speaker 1>is senior ETF analysts at Bloomberg said, because he and

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<v Speaker 1>the folks at bloomber have been talking about this for

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<v Speaker 1>over a year. He said, Vanguard is looking to end

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<v Speaker 1>bitcoin ETF ban aka bend Denee laughed out loud. The

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<v Speaker 1>dynamics have been changing. Nice scoop by Eleanor. We heard

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<v Speaker 1>chatter of this too smart of them. In my opinion,

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<v Speaker 1>Bitcoin in eth ETFs hugely popular, and Salim the CEO,

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<v Speaker 1>was one of ibit's midwives, so he knows. I believe

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<v Speaker 1>the CEO was at black Rock working on some of

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<v Speaker 1>these things, if I'm not mistaken. The folks at Bloomberg

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<v Speaker 1>about a year ago, you know, they said that this

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<v Speaker 1>band could be overturned by the new CEO, and indeed

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<v Speaker 1>they nailed it here that you know this this would happen.

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<v Speaker 1>So again, folks, don't miss the significance of this. I

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<v Speaker 1>don't necessarily care about Vanguard. What I do care about

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<v Speaker 1>is this technology and the potential to make some money here,

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<v Speaker 1>and this is why we're here. Many of us right.

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<v Speaker 1>Don't get me wrong. I love the technology. I want

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<v Speaker 1>to build with it, I want to do different things

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<v Speaker 1>with it. But first and foremost, I'm here to make money.

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<v Speaker 1>So we have to pay attention when we see big

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<v Speaker 1>dominos like this fall, folks. It's very, very significant. So

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<v Speaker 1>what a day to be in the market. And I

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<v Speaker 1>know some of you are going to say, Tony, you

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<v Speaker 1>look at that price, are you crazy? It's all cyclical, folks.

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<v Speaker 1>We're still in a bull market. And these firms like

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<v Speaker 1>Morgan Stanley and Vanguard, they're not idiots. They know the

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<v Speaker 1>timing of the markets. They're not trying to come in

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<v Speaker 1>the bear market where they launch a product. They're not

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<v Speaker 1>going to get inflows or money, right. They want to

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<v Speaker 1>launch it a bull market to make money. So exciting

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<v Speaker 1>times are ahead, folks. Quick word from our sponsor and

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<v Speaker 1>They're one of my go to platforms to buy, sell,

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<v Speaker 1>And folks, I've never had any issues with them. They're

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<v Speaker 1>very well maintained and run. I've interviewed the CEO, CFO

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<v Speaker 1>and many folks, and best of all, they are fully reserved.

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<v Speaker 1>They don't commingle or lend out your crypto funds and

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<v Speaker 1>They also have a great rewards program called Uphold Rewards

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<v Speaker 1>where you can earn up to five point two five

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<v Speaker 1>percent on stable coins. Part of the program is you

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<v Speaker 1>can also get twenty four hour early access to new tokens.

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<v Speaker 1>They list so the stable coins they support, LUDES, Ripples,

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<v Speaker 1>r L, USD you earn up to five percent there

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<v Speaker 1>and USBC earn up to five point two five percent there.

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<v Speaker 1>And in order to participate, you simply have to open

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<v Speaker 1>the app once per month, deposit fifty dollars once per month,

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<v Speaker 1>and trade fifty dollars once per month. Very simple and

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<v Speaker 1>you can get access to this great yield. So folks,

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<v Speaker 1>if you'd like to learn more about Uphold, check out

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<v Speaker 1>the link in the description. Now Here are more signs

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<v Speaker 1>of the bullmarket. As IPO rumors swirl, krack In Exchange

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<v Speaker 1>secures five hundred million dollar funding at a fifteen billion

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<v Speaker 1>dollar valuation. This is incredible. Just the other day we

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<v Speaker 1>saw tether their valuations insane, right, but plausible because of

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<v Speaker 1>the amount of money they're pretty much making. But again,

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<v Speaker 1>signs of the bullmarket. And we've heard of kracking looking

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<v Speaker 1>to do an IPO. So I think they're coming up

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<v Speaker 1>next folks, and it's going to be a big one

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<v Speaker 1>because Kracken is one of the larger exchanges you know,

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<v Speaker 1>within the United States, I would say, just behind coinbase.

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<v Speaker 1>So Krackin has reportedly raised five hundred million dollars at

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<v Speaker 1>a fifteen billion dollar valuation, strengthening its financial position amid

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<v Speaker 1>growing speculation that the cryptocurrency exchange is preparing for an

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<v Speaker 1>initial public offering. The funding was first reported by Fortune,

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<v Speaker 1>which cited a source close to the negotiations in a

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<v Speaker 1>profile on co ceo our June setee. The source claimed

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<v Speaker 1>that Kraken closed the round earlier this month, however, they

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<v Speaker 1>declined to comment. From the coin Telegraphs to report, the

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<v Speaker 1>rays and valuation are broadly in line with cooin Telegraphs

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<v Speaker 1>reporting in July which revealed that Kracken was seeking five

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<v Speaker 1>hundred million dollars at a fifteen billion dollar valuation, a

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<v Speaker 1>move widely interpreted as a step toward IPO readiness. I

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<v Speaker 1>think the writing's on the wall here. Kracken's going to

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<v Speaker 1>go public. You know, Gemini Exchange just went recently. You

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<v Speaker 1>had bullish of course, Circle was a big one, and

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<v Speaker 1>there have been others. E Toro also went public in

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<v Speaker 1>the United States. So guys, these are signs of a

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<v Speaker 1>bull market, right. It's not the only side. Obviously, we're

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<v Speaker 1>looking at multiple factors. But I want to emphasize this

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<v Speaker 1>so that you are looking at the market from a

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<v Speaker 1>broader landscape, you know, not just having tunnel vision for price,

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<v Speaker 1>because if you're caught up in the hourly and the

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<v Speaker 1>daily and weekly of price, it's going to wreck you, man,

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<v Speaker 1>because the market's volatile. But if you zoom out on

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<v Speaker 1>the macro and you go down your checklist, are we

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<v Speaker 1>still in the bull market? Crypto IPOs, huge funding, global liquidity,

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<v Speaker 1>bitcoin dominance, USDT dominance, Fibonacci levels, Elliott wave analysis, and

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<v Speaker 1>much more so on and so forth. Right, So I

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<v Speaker 1>hope you understand why I'm beating the drum here. It's

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<v Speaker 1>to educate and help you guys to better understand the

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<v Speaker 1>market so that you're more confident and you're not in

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<v Speaker 1>the emotional rollercoaster of price volatility. So this is big

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<v Speaker 1>folks to expect krack and I think they will go

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<v Speaker 1>public come Q four. It would be a good time

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<v Speaker 1>seasonality wise, crypto legislations around the corner, and you know,

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<v Speaker 1>we're expecting Q four to be pretty hot from a

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<v Speaker 1>market standpoint, not just for crypto, but stocks and so forth,

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<v Speaker 1>So this would be a smart move for the folks

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<v Speaker 1>at Cracking. Now, look at this City raises stable cooin

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<v Speaker 1>market cap forecast to fort trillion by twenty thirty. So

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<v Speaker 1>City Bank here, City, the international banking and financial services company,

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<v Speaker 1>revise its stable coin forecast due to the strong growth

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<v Speaker 1>of the sector in the last six months and now

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<v Speaker 1>projects the stablecoin market cap will grow to fort trillion

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<v Speaker 1>by twenty thirty. Analysts at City project a one point

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<v Speaker 1>nine trillion dollars stable coin market as their base case

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<v Speaker 1>and up to fort trillion as the bowl case, up

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<v Speaker 1>from previous projections of one point six trillion and three

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<v Speaker 1>point seven trillion, respectively. Now I think it's possible by

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<v Speaker 1>next year. Late next year, this stablecoid market could even

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<v Speaker 1>cross a trillion. Here's why. The Genius Act has been passed,

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<v Speaker 1>and we've seen the banks themselves, City Bank of America

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<v Speaker 1>reported they want to launch stable coins. The stable coin

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<v Speaker 1>race is heating up here. Of course, you got paypals,

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<v Speaker 1>p y US, the Circle, US DC, Ripple r L, USD,

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<v Speaker 1>you got tether. They're expanding as well in the United States,

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<v Speaker 1>and the United States is going to push for more

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<v Speaker 1>stable cooin development. Why because the stable coin issues for

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<v Speaker 1>US the back stable coins. They have to hold US

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<v Speaker 1>treasuries in the reserve, so you know, the government's going

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<v Speaker 1>to say, hey, guys, keep minting, keep pushing the US

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<v Speaker 1>dollars stable coin around the globe. This is part of

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<v Speaker 1>maintaining the dollar dominance. So I think a one trillion

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<v Speaker 1>market cap by next year is possible because I don't

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<v Speaker 1>think this is dependent on the cyclical pattern of the market,

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<v Speaker 1>the bull market. It is now beyond the crypto market.

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<v Speaker 1>Right If banks are launching stable coins, they're going to

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<v Speaker 1>push that out to customers in different parts of the

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<v Speaker 1>world for instant settlements, so that that has nothing to

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<v Speaker 1>do with bull markets. So this we could see one

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<v Speaker 1>trillion next year of folks, let's see hopefully my predictions

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<v Speaker 1>right or close to a trillion. You know what if

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<v Speaker 1>we get to like nine hundred billion, right, that would

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<v Speaker 1>be incredible. So, guys, things are opening up beautifully here.

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<v Speaker 1>I'm so excited to see what comes this Q four

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<v Speaker 1>and even to the next year. Look at this. UK

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<v Speaker 1>Finance pilots tokenized Sterling deposits with six major banks. When

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<v Speaker 1>I keep telling you, guys, I repeated over and over

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<v Speaker 1>that the economies, the markets, and the governments will all

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<v Speaker 1>be running on blockchain rails. I'm not bsing you. That's

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<v Speaker 1>not hyperbole. This technology is the future. So UK Finance,

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<v Speaker 1>a trade association representing over three hundred financial services firms

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<v Speaker 1>in the UK, has launched a joint pilot project for

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<v Speaker 1>tokenied Sterling deposits GBTD. The trade group began the pilot

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<v Speaker 1>phase for the tokenized deposits project, which aims to provide

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<v Speaker 1>a digital representation of traditional British pound commercial bank money.

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<v Speaker 1>It announced on Friday. The pilot was launched in collaboration

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<v Speaker 1>with six major banks operating in the UK, including Barclays, HSBC,

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<v Speaker 1>Lloyd's banking Group, not West Nationwide and Sandtander some big

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<v Speaker 1>names there, right, folks. So UK Finance plans to run

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<v Speaker 1>the pilot until mid twenty twenty six and aims to

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<v Speaker 1>explore benefits to customers, businesses and the UK economy, targeting

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<v Speaker 1>greater control over payments, fraud prevention and more efficient settlement process.

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<v Speaker 1>Now we often talk about watch which blockchains are being

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<v Speaker 1>adopted by these folks. Well, from my Quant holders, this

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<v Speaker 1>is huge news. I don't hold Quant, but if I did,

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<v Speaker 1>I would be super happy and maybe in the bear market,

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<v Speaker 1>I'm going to grab this coin because look at this

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<v Speaker 1>Quant network to provide the infrastructure. This is where we

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<v Speaker 1>as educated investors. We want to see who's making what moves,

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<v Speaker 1>what institutions, what the government's doing, which blockchain they're using,

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<v Speaker 1>and you want to grab up that coin. Obviously, you

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<v Speaker 1>don't want to buy the tops, you don't want to

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<v Speaker 1>buy pumps. You want to buy the blood in the streets.

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<v Speaker 1>So you open up the chance for you to get

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<v Speaker 1>more of a return, right because if you go buy

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<v Speaker 1>the top and the market rule is over, you're put

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<v Speaker 1>in a position where you got to wait longer to

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<v Speaker 1>recoup or make a profit. Right, so I hope you

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<v Speaker 1>understand that. So the UK finance is GBTD. Infrastructure will

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<v Speaker 1>be provided by quant Network, a UK headquartered platform specializing

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<v Speaker 1>in blockchain in to rop a building that is big.

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<v Speaker 1>So my quant holder is yeah. I'm sure many of

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<v Speaker 1>you got big smiles on your face right now. This

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<v Speaker 1>is huge adoption news, right. You gotta call it like

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<v Speaker 1>it is. Even if I don't hold a coin, I

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<v Speaker 1>gotta say this is bullish for quants. So really great

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<v Speaker 1>stuff here, folks, Very bullish folks. That's the news. Let

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<v Speaker 1>me know what you think. If you appreciated this content,

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<v Speaker 1>please subscribe to my free email news that are on substack.

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<v Speaker 1>The link will be in the description. I'll be putting

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<v Speaker 1>out a new newsletter possibly tomorrow or Sunday, so you

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<v Speaker 1>don't want to miss that. And check out my book

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<v Speaker 1>on Amazon. It is available in paperback and digital. And

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<v Speaker 1>check out my course at Mycrypto course dot com. This

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<v Speaker 1>is a comprehensive course that teaches you everything about crypto.

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<v Speaker 1>So if you want to expand your knowledge, knowledge is power,

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<v Speaker 1>this is the course for you. To mycryptocurse dot com. Folks,

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<v Speaker 1>thank you so much for watching and listening. I appreciate

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<v Speaker 1>you all, and I'll talk to you all later