Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: let's take a look at the bitcoin price chart right now,
Speaker 1: because I like what I'm seeing. You know, one of
Speaker 1: the things we've been talking about is just as cyclical
Speaker 1: patterns are pulling out here, bitcoin leads to the market.
Speaker 1: So we're using it as the measuring stick. Bitcoin is
Speaker 1: in the oversoul zone. Now it can go a bit
Speaker 1: further where it becomes even more over sold, right kind
Speaker 1: of like how we hit the overbought zone and it
Speaker 1: get superheated and you know a reversal is coming. I
Speaker 1: actually hope it gets to that super oversol zone because
Speaker 1: it means the next rally is going to be face melting. Now.
Speaker 1: Right now, the RSI in the daily chart puts US
Speaker 1: at a round a thirty six, and this is getting
Speaker 1: too near the levels of the tariff crash which took
Speaker 1: place back in February, January and February of course, and
Speaker 1: even coming out of that to the final dip in April.
Speaker 1: We're at those levels, folks, very close, So I think
Speaker 1: a little more downside and then we find the bottom,
Speaker 1: and I think we're gonna have a very good queue
Speaker 1: for base on the data now, not my emotions, not
Speaker 1: fairy tales, not my good feelings, whatever, just the data
Speaker 1: what we've seen historically. And of course we're looking at
Speaker 1: the leading factors such as global liquidity which continue to rise,
Speaker 1: in addition to other factors that show that we have
Speaker 1: not experienced the top yet. So patients continue to monitor
Speaker 1: the metrics and the signals, and everything is gearing up. Well.
Speaker 1: Here if we jump to the weekly view of this chart,
Speaker 1: here we can see what's going on with the bears
Speaker 1: because they're still in control, right. That's fine. Bulls have
Speaker 1: their time and so do the bears. It's all cyclical,
Speaker 1: so bears still in control. But eventually we're going to
Speaker 1: see the flip, right once we hit that bottom, So
Speaker 1: just be patient, folks. Now, the big news of the day,
Speaker 1: which I'm sure many of you saw, Eleanor Turt of
Speaker 1: Crypto in America reported that Vanguard eyes crypto ETF access
Speaker 1: for its brokerage clients. Vanguard is the world's second largest
Speaker 1: asset manager, right behind black Rock. They are preparing to
Speaker 1: allow access to crypto ETFs, according to a source familiar
Speaker 1: with the matter. Folks, we literally talked about it this week,
Speaker 1: right with the news of Morgan Stanley opening up crypto
Speaker 1: trading via e Trade that Vanguard, Charles Schwab, all the naysayers,
Speaker 1: all the people who are detractors are going to capitulate.
Speaker 1: They are going to bend the knee. And hear Vanguard
Speaker 1: getting ready to open up crypto trading. They have to, folks,
Speaker 1: as I said in the previous podcast. If they don't,
Speaker 1: they will have their Blockboster moment because all of Wall
Speaker 1: Street is adopting crypto and there's a lot of capital
Speaker 1: flowing into crypto. So if you're a CEO or you're
Speaker 1: running the company, you would be an idiot, right based
Speaker 1: on your feelings or how you feel about crypto to
Speaker 1: not allow your clients to be able to access it
Speaker 1: and you're losing out on the fees, right, that would
Speaker 1: just be an idiotic move. But they all have to
Speaker 1: bend the knee. Game theories playing out here. No one
Speaker 1: wants to get left behind. And like I've been saying,
Speaker 1: Charles Schwab is going to be around the corner very soon.
Speaker 1: So this is very bullish, folks. The second largest asset
Speaker 1: manager in the world bending the knee to crypto. So
Speaker 1: of course they're going to open up the ETF training
Speaker 1: Bitcoin Etheroreum, and then once the all coin and ETFs
Speaker 1: are live, you can imagine they're going to open that
Speaker 1: up too. Don't be surprised if they start looking into
Speaker 1: tokenization right because a black rock is doing it and
Speaker 1: making a lot of money from it. You have Franklin, Templeton, Fidelity.
Speaker 1: All these folks are doing these things and they're making
Speaker 1: bank and it's the future. We know the markets are
Speaker 1: going to be running on blockchain rails in addition to
Speaker 1: the governments and the economy spokes. So better late than never.
Speaker 1: Van Guard and I think the new CEO was the
Speaker 1: one who you know, pushed this to go through because
Speaker 1: he recall, the previous CEO had some very very nasty
Speaker 1: statements he made about crypto, but he's long gone and
Speaker 1: maybe that's part of the change here. But folks, this
Speaker 1: is very significant. Don't miss how big this is. You know,
Speaker 1: share this news with those who are skeptics about crypto
Speaker 1: is still on the fence. I love what Eric Balchune,
Speaker 1: is senior ETF analysts at Bloomberg said, because he and
Speaker 1: the folks at bloomber have been talking about this for
Speaker 1: over a year. He said, Vanguard is looking to end
Speaker 1: bitcoin ETF ban aka bend Denee laughed out loud. The
Speaker 1: dynamics have been changing. Nice scoop by Eleanor. We heard
Speaker 1: chatter of this too smart of them. In my opinion,
Speaker 1: Bitcoin in eth ETFs hugely popular, and Salim the CEO,
Speaker 1: was one of ibit's midwives, so he knows. I believe
Speaker 1: the CEO was at black Rock working on some of
Speaker 1: these things, if I'm not mistaken. The folks at Bloomberg
Speaker 1: about a year ago, you know, they said that this
Speaker 1: band could be overturned by the new CEO, and indeed
Speaker 1: they nailed it here that you know this this would happen.
Speaker 1: So again, folks, don't miss the significance of this. I
Speaker 1: don't necessarily care about Vanguard. What I do care about
Speaker 1: is this technology and the potential to make some money here,
Speaker 1: and this is why we're here. Many of us right.
Speaker 1: Don't get me wrong. I love the technology. I want
Speaker 1: to build with it, I want to do different things
Speaker 1: with it. But first and foremost, I'm here to make money.
Speaker 1: So we have to pay attention when we see big
Speaker 1: dominos like this fall, folks. It's very, very significant. So
Speaker 1: what a day to be in the market. And I
Speaker 1: know some of you are going to say, Tony, you
Speaker 1: look at that price, are you crazy? It's all cyclical, folks.
Speaker 1: We're still in a bull market. And these firms like
Speaker 1: Morgan Stanley and Vanguard, they're not idiots. They know the
Speaker 1: timing of the markets. They're not trying to come in
Speaker 1: the bear market where they launch a product. They're not
Speaker 1: going to get inflows or money, right. They want to
Speaker 1: launch it a bull market to make money. So exciting
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Speaker 1: of the bullmarket. As IPO rumors swirl, krack In Exchange
Speaker 1: secures five hundred million dollar funding at a fifteen billion
Speaker 1: dollar valuation. This is incredible. Just the other day we
Speaker 1: saw tether their valuations insane, right, but plausible because of
Speaker 1: the amount of money they're pretty much making. But again,
Speaker 1: signs of the bullmarket. And we've heard of kracking looking
Speaker 1: to do an IPO. So I think they're coming up
Speaker 1: next folks, and it's going to be a big one
Speaker 1: because Kracken is one of the larger exchanges you know,
Speaker 1: within the United States, I would say, just behind coinbase.
Speaker 1: So Krackin has reportedly raised five hundred million dollars at
Speaker 1: a fifteen billion dollar valuation, strengthening its financial position amid
Speaker 1: growing speculation that the cryptocurrency exchange is preparing for an
Speaker 1: initial public offering. The funding was first reported by Fortune,
Speaker 1: which cited a source close to the negotiations in a
Speaker 1: profile on co ceo our June setee. The source claimed
Speaker 1: that Kraken closed the round earlier this month, however, they
Speaker 1: declined to comment. From the coin Telegraphs to report, the
Speaker 1: rays and valuation are broadly in line with cooin Telegraphs
Speaker 1: reporting in July which revealed that Kracken was seeking five
Speaker 1: hundred million dollars at a fifteen billion dollar valuation, a
Speaker 1: move widely interpreted as a step toward IPO readiness. I
Speaker 1: think the writing's on the wall here. Kracken's going to
Speaker 1: go public. You know, Gemini Exchange just went recently. You
Speaker 1: had bullish of course, Circle was a big one, and
Speaker 1: there have been others. E Toro also went public in
Speaker 1: the United States. So guys, these are signs of a
Speaker 1: bull market, right. It's not the only side. Obviously, we're
Speaker 1: looking at multiple factors. But I want to emphasize this
Speaker 1: so that you are looking at the market from a
Speaker 1: broader landscape, you know, not just having tunnel vision for price,
Speaker 1: because if you're caught up in the hourly and the
Speaker 1: daily and weekly of price, it's going to wreck you, man,
Speaker 1: because the market's volatile. But if you zoom out on
Speaker 1: the macro and you go down your checklist, are we
Speaker 1: still in the bull market? Crypto IPOs, huge funding, global liquidity,
Speaker 1: bitcoin dominance, USDT dominance, Fibonacci levels, Elliott wave analysis, and
Speaker 1: much more so on and so forth. Right, So I
Speaker 1: hope you understand why I'm beating the drum here. It's
Speaker 1: to educate and help you guys to better understand the
Speaker 1: market so that you're more confident and you're not in
Speaker 1: the emotional rollercoaster of price volatility. So this is big
Speaker 1: folks to expect krack and I think they will go
Speaker 1: public come Q four. It would be a good time
Speaker 1: seasonality wise, crypto legislations around the corner, and you know,
Speaker 1: we're expecting Q four to be pretty hot from a
Speaker 1: market standpoint, not just for crypto, but stocks and so forth,
Speaker 1: So this would be a smart move for the folks
Speaker 1: at Cracking. Now, look at this City raises stable cooin
Speaker 1: market cap forecast to fort trillion by twenty thirty. So
Speaker 1: City Bank here, City, the international banking and financial services company,
Speaker 1: revise its stable coin forecast due to the strong growth
Speaker 1: of the sector in the last six months and now
Speaker 1: projects the stablecoin market cap will grow to fort trillion
Speaker 1: by twenty thirty. Analysts at City project a one point
Speaker 1: nine trillion dollars stable coin market as their base case
Speaker 1: and up to fort trillion as the bowl case, up
Speaker 1: from previous projections of one point six trillion and three
Speaker 1: point seven trillion, respectively. Now I think it's possible by
Speaker 1: next year. Late next year, this stablecoid market could even
Speaker 1: cross a trillion. Here's why. The Genius Act has been passed,
Speaker 1: and we've seen the banks themselves, City Bank of America
Speaker 1: reported they want to launch stable coins. The stable coin
Speaker 1: race is heating up here. Of course, you got paypals,
Speaker 1: p y US, the Circle, US DC, Ripple r L, USD,
Speaker 1: you got tether. They're expanding as well in the United States,
Speaker 1: and the United States is going to push for more
Speaker 1: stable cooin development. Why because the stable coin issues for
Speaker 1: US the back stable coins. They have to hold US
Speaker 1: treasuries in the reserve, so you know, the government's going
Speaker 1: to say, hey, guys, keep minting, keep pushing the US
Speaker 1: dollars stable coin around the globe. This is part of
Speaker 1: maintaining the dollar dominance. So I think a one trillion
Speaker 1: market cap by next year is possible because I don't
Speaker 1: think this is dependent on the cyclical pattern of the market,
Speaker 1: the bull market. It is now beyond the crypto market.
Speaker 1: Right If banks are launching stable coins, they're going to
Speaker 1: push that out to customers in different parts of the
Speaker 1: world for instant settlements, so that that has nothing to
Speaker 1: do with bull markets. So this we could see one
Speaker 1: trillion next year of folks, let's see hopefully my predictions
Speaker 1: right or close to a trillion. You know what if
Speaker 1: we get to like nine hundred billion, right, that would
Speaker 1: be incredible. So, guys, things are opening up beautifully here.
Speaker 1: I'm so excited to see what comes this Q four
Speaker 1: and even to the next year. Look at this. UK
Speaker 1: Finance pilots tokenized Sterling deposits with six major banks. When
Speaker 1: I keep telling you, guys, I repeated over and over
Speaker 1: that the economies, the markets, and the governments will all
Speaker 1: be running on blockchain rails. I'm not bsing you. That's
Speaker 1: not hyperbole. This technology is the future. So UK Finance,
Speaker 1: a trade association representing over three hundred financial services firms
Speaker 1: in the UK, has launched a joint pilot project for
Speaker 1: tokenied Sterling deposits GBTD. The trade group began the pilot
Speaker 1: phase for the tokenized deposits project, which aims to provide
Speaker 1: a digital representation of traditional British pound commercial bank money.
Speaker 1: It announced on Friday. The pilot was launched in collaboration
Speaker 1: with six major banks operating in the UK, including Barclays, HSBC,
Speaker 1: Lloyd's banking Group, not West Nationwide and Sandtander some big
Speaker 1: names there, right, folks. So UK Finance plans to run
Speaker 1: the pilot until mid twenty twenty six and aims to
Speaker 1: explore benefits to customers, businesses and the UK economy, targeting
Speaker 1: greater control over payments, fraud prevention and more efficient settlement process.
Speaker 1: Now we often talk about watch which blockchains are being
Speaker 1: adopted by these folks. Well, from my Quant holders, this
Speaker 1: is huge news. I don't hold Quant, but if I did,
Speaker 1: I would be super happy and maybe in the bear market,
Speaker 1: I'm going to grab this coin because look at this
Speaker 1: Quant network to provide the infrastructure. This is where we
Speaker 1: as educated investors. We want to see who's making what moves,
Speaker 1: what institutions, what the government's doing, which blockchain they're using,
Speaker 1: and you want to grab up that coin. Obviously, you
Speaker 1: don't want to buy the tops, you don't want to
Speaker 1: buy pumps. You want to buy the blood in the streets.
Speaker 1: So you open up the chance for you to get
Speaker 1: more of a return, right because if you go buy
Speaker 1: the top and the market rule is over, you're put
Speaker 1: in a position where you got to wait longer to
Speaker 1: recoup or make a profit. Right, so I hope you
Speaker 1: understand that. So the UK finance is GBTD. Infrastructure will
Speaker 1: be provided by quant Network, a UK headquartered platform specializing
Speaker 1: in blockchain in to rop a building that is big.
Speaker 1: So my quant holder is yeah. I'm sure many of
Speaker 1: you got big smiles on your face right now. This
Speaker 1: is huge adoption news, right. You gotta call it like
Speaker 1: it is. Even if I don't hold a coin, I
Speaker 1: gotta say this is bullish for quants. So really great
Speaker 1: stuff here, folks, Very bullish folks. That's the news. Let
Speaker 1: me know what you think. If you appreciated this content,
Speaker 1: please subscribe to my free email news that are on substack.
Speaker 1: The link will be in the description. I'll be putting
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Speaker 1: don't want to miss that. And check out my book
Speaker 1: on Amazon. It is available in paperback and digital. And
Speaker 1: check out my course at Mycrypto course dot com. This
Speaker 1: is a comprehensive course that teaches you everything about crypto.
Speaker 1: So if you want to expand your knowledge, knowledge is power,
Speaker 1: this is the course for you. To mycryptocurse dot com. Folks,
Speaker 1: thank you so much for watching and listening. I appreciate
Speaker 1: you all, and I'll talk to you all later