WEBVTT 1 00:00:00.120 --> 00:00:03.080 A major brokerage firm is reporting that if Donald Trump 2 00:00:03.120 --> 00:00:06.280 wins the election, bitcoin will go to ninety thousand dollars, 3 00:00:06.320 --> 00:00:08.880 but if Kamala Harris wins, it will go to forty 4 00:00:08.960 --> 00:00:12.599 thousand dollars. And a huge bank is using the USDC 5 00:00:12.800 --> 00:00:17.160 stable coin in a big adoption move. In Japan's largest 6 00:00:17.199 --> 00:00:20.920 electric company is looking into bitcoin mining. This is big. 7 00:00:21.359 --> 00:00:29.280 Let's break it down. Hey, everybody, welcome into the Thinking 8 00:00:29.320 --> 00:00:33.039 Crypto podcast. You're home for your cryptocurrency news and interviews. 9 00:00:33.119 --> 00:00:35.280 I'm your host, Tony Edward. On your way in to 10 00:00:35.320 --> 00:00:37.759 please hit that subscribe button as well as a thumbs 11 00:00:37.799 --> 00:00:40.280 up button and leave a common below. If you're listening 12 00:00:40.320 --> 00:00:43.320 on a podcast platform such as Spotify or Apple, please 13 00:00:43.399 --> 00:00:47.000 leave a five star rating and review. Folks. Quick updates 14 00:00:47.039 --> 00:00:50.560 around bitcoin. We got the price over fifty seven thousand 15 00:00:50.640 --> 00:00:53.359 dollars right now at the time we're recording. As mentioned 16 00:00:53.399 --> 00:00:56.759 in yesterday's podcast and in my email newsletter today, we 17 00:00:56.840 --> 00:00:59.759 need bitcoin to break through this sixty kre resistance level 18 00:01:00.039 --> 00:01:03.079 and build support so it can keep going upwards. Right. 19 00:01:03.479 --> 00:01:05.599 It's not going to pump to eighty k tomorrow. That's 20 00:01:05.640 --> 00:01:07.959 not what I'm saying, but it's going to stare step 21 00:01:08.000 --> 00:01:10.480 its way out of this consolidation zone. So this is 22 00:01:10.519 --> 00:01:12.719 a good sign. We'll have to wait and see how 23 00:01:12.760 --> 00:01:16.120 things play out. There are no certainties here, just probabilities, 24 00:01:16.159 --> 00:01:20.000 and I'm hoping that as the month progresses, it starts 25 00:01:20.000 --> 00:01:23.159 to climb out of as consolidations. I'm not expecting any 26 00:01:23.239 --> 00:01:26.079 major pumps or so forth. That would be nice if 27 00:01:26.079 --> 00:01:29.000 that happens, but we know September is a bloody month 28 00:01:29.040 --> 00:01:31.840 for market, so let's keep an eye on that. One 29 00:01:31.840 --> 00:01:35.760 of the key factors that is driving the asset prices 30 00:01:35.799 --> 00:01:38.599 to rise, which includes stocks, cryptos, and so forth, is 31 00:01:38.640 --> 00:01:40.760 global liquidity, which I've been sharing with you guys for 32 00:01:40.799 --> 00:01:44.640 a long time. I historically thought it was the bitcoin having, 33 00:01:44.680 --> 00:01:48.120 but based on data and research and what some macro 34 00:01:48.200 --> 00:01:51.480 investors are looking at, I've learned that it is actually 35 00:01:51.519 --> 00:01:54.519 the money supply because every four years you have the 36 00:01:54.599 --> 00:01:58.680 election cycle and that coincides with the global liquidity rise 37 00:01:58.719 --> 00:02:02.359 because politicians like to print money and make the markets 38 00:02:02.680 --> 00:02:05.120 look good, let the economy look good when the election 39 00:02:05.319 --> 00:02:08.520 comes around. Funny how those two things work together right now. 40 00:02:08.560 --> 00:02:11.199 Don't get me wrong. The bitcoin having does play a factor, 41 00:02:11.199 --> 00:02:13.919 but not as big as global liquidity. And what we're 42 00:02:13.960 --> 00:02:17.080 seeing is that global liquidity is breaking out. It continues 43 00:02:17.120 --> 00:02:21.039 to increase. And here one user and great analyst Thomas 44 00:02:21.080 --> 00:02:25.280 shared the following chart showing that breakout, saying global liquidity 45 00:02:25.319 --> 00:02:28.639 is moving up. Global monetary liquidity is growing at an 46 00:02:28.680 --> 00:02:32.360 annualized rate of more than six percent, the fastest annual 47 00:02:32.400 --> 00:02:36.000 growth rates since April twenty twenty two. The year of 48 00:02:36.039 --> 00:02:39.000 a year percent has changed. Chart is continuing to follow 49 00:02:39.080 --> 00:02:42.680 the four year cycle. The last time this chart printed 50 00:02:42.800 --> 00:02:46.879 a reading of six percent plus with an upwards trajectory 51 00:02:47.039 --> 00:02:51.039 was April twenty twenty and we know what happened after that, right, folks, 52 00:02:51.520 --> 00:02:55.280 So the same story, different cycle, and I've learned that 53 00:02:55.400 --> 00:02:57.960 this is a key metric I need to pay attention 54 00:02:58.000 --> 00:03:00.800 to when it comes to investing, whether it's investing in 55 00:03:00.879 --> 00:03:04.439 crypto or even just stocks, folks, right to see how 56 00:03:04.479 --> 00:03:07.800 the liquidity is flowing. And this is happening globally, not 57 00:03:08.039 --> 00:03:11.280 just in the United States, but to speaking of globally, 58 00:03:11.639 --> 00:03:15.000 here we got news literally today from the Financial Times 59 00:03:15.039 --> 00:03:18.919 that Mario Draghi calls for an eight hundred billion euro 60 00:03:19.199 --> 00:03:23.800 EU investment to boost the economy. He's saying that this 61 00:03:23.840 --> 00:03:28.879 is to stop Europe from falling behind the US and China. 62 00:03:29.080 --> 00:03:31.919 Doesn't matter what narrative they put on top of it, 63 00:03:31.960 --> 00:03:35.400 they have to keep printing. This is the fiat currency system. 64 00:03:35.680 --> 00:03:38.159 So these are one of the underlying principles you need 65 00:03:38.199 --> 00:03:40.319 to learn and have in the back of your mind 66 00:03:40.360 --> 00:03:43.280 as you're investing, whether it's in real estate or crypto 67 00:03:43.360 --> 00:03:46.360 or stocks. And obviously we talk crypto here specifically, and 68 00:03:46.439 --> 00:03:49.759 I do own some stocks, but it's important to understand 69 00:03:49.759 --> 00:03:54.400 this factor, the denominator, the fiat currency. They keep debasing it, 70 00:03:54.719 --> 00:03:56.960 and you need to put some of your money in 71 00:03:57.159 --> 00:04:01.000 assets to outpace that debasement, to out pays the inflation 72 00:04:01.280 --> 00:04:03.280 so that you can continue to grow your wealth and 73 00:04:03.360 --> 00:04:05.879 protect your purchasing power, because if we just leave it 74 00:04:05.960 --> 00:04:09.680 under your mattress or in a normal checking or savings account, 75 00:04:09.919 --> 00:04:12.560 it's going to get demolished. It's purchasing power is going 76 00:04:12.560 --> 00:04:16.199 to get demolished. Right. This is so important to understand 77 00:04:16.600 --> 00:04:20.879 what's driving asset prices, and it's really eye opening once 78 00:04:20.920 --> 00:04:24.120 you see it. You can unsee it once it's been 79 00:04:24.160 --> 00:04:28.480 revealed to you. So incredible what's taking place, and if 80 00:04:28.480 --> 00:04:31.279 you look at the Fed's website, the MPT money supply 81 00:04:31.360 --> 00:04:33.759 in the United States. Look at this chart. It is 82 00:04:33.839 --> 00:04:37.319 on its way up. It's climbing boys, and the money 83 00:04:37.360 --> 00:04:40.800 printing will continue. Janet yelling, and the Treasury continues to 84 00:04:40.920 --> 00:04:44.680 inject liquidity, and the FED rate cuts are around the corner. 85 00:04:44.839 --> 00:04:48.240 So all of these things are going to drive crypto 86 00:04:48.360 --> 00:04:51.759 prices upwards in addition to stocks and so forth. That's 87 00:04:51.759 --> 00:04:53.839 one of the reasons why I'm bullish. I don't believe 88 00:04:53.879 --> 00:04:56.800 the bull market is over. And as I've been stating, 89 00:04:56.839 --> 00:04:58.879 with these rate cuts that are coming and the money 90 00:04:58.879 --> 00:05:01.519 printing that's going to happen, we're headed into the next 91 00:05:01.600 --> 00:05:05.199 economic boom cycle. We're out of quantitative tightening, We're going 92 00:05:05.360 --> 00:05:07.879 back into QE. Now that doesn't mean there's not going 93 00:05:07.920 --> 00:05:11.920 to be crashes and corrections on the way. Obviously those 94 00:05:12.000 --> 00:05:14.519 things happen in markets. But when you zoom out on 95 00:05:14.560 --> 00:05:16.839 the chart and you look at the macro, we're in 96 00:05:16.920 --> 00:05:21.000 the next cycle going up. So cheaper capital is coming 97 00:05:21.079 --> 00:05:25.000 because of the raycuts. Now, interesting news coming out from Bernstein. 98 00:05:25.120 --> 00:05:29.000 Bernstein predicts a bitcoin price of eighty to ninety thousand 99 00:05:29.000 --> 00:05:32.519 dollars if Trump wins the presidential election or thirty to 100 00:05:32.560 --> 00:05:36.560 forty thousand dollars if Harris is elected. Now, there's a 101 00:05:36.560 --> 00:05:40.399 bit of political gamesmanship happening here. I believe Bernstein they 102 00:05:40.480 --> 00:05:43.399 want Trump to win. I think many of these companies 103 00:05:43.399 --> 00:05:47.160 and people see that Trump's policies for businesses is much 104 00:05:47.160 --> 00:05:50.759 better than Kamala Harris. But with regards of who wins, 105 00:05:50.879 --> 00:05:53.920 I don't think this is a factual statement. Necessarily, it's 106 00:05:53.959 --> 00:05:56.639 a bit of political gamesmanship as mentioned, because of what 107 00:05:56.720 --> 00:05:59.720 I just stated, global liquidity, money printing, ray cuts, and 108 00:05:59.759 --> 00:06:05.199 so bitcoin has risen under Democrat and Republican presidents and 109 00:06:05.240 --> 00:06:09.160 so forth. So this is not a very factual statement 110 00:06:09.199 --> 00:06:13.240 as it is more of a hypothetical. But Bitcoin's not 111 00:06:13.360 --> 00:06:17.120 crashing the forty k Kamala Harris wins. Now, you may 112 00:06:17.120 --> 00:06:21.199 say Trump is better for crypto legislation and for crypto businesses, 113 00:06:21.240 --> 00:06:23.800 and that is for sure right because we see Trump 114 00:06:24.000 --> 00:06:26.879 has put out his policy and where he stands. We 115 00:06:26.920 --> 00:06:29.639 have not heard anything from Kamala Harris, and unfortunately with 116 00:06:29.759 --> 00:06:33.079 her and Biden, there's been an attack on crypto. So 117 00:06:33.199 --> 00:06:36.720 you can argue that fact. But in regards to the price, right, 118 00:06:37.199 --> 00:06:39.720 it doesn't matter, guys, because at the end of the day, 119 00:06:39.759 --> 00:06:43.399 the main catalyst is money printing and global liquidity and 120 00:06:43.439 --> 00:06:47.879 that liquidity going into assets, right because Brighten is in control. 121 00:06:47.920 --> 00:06:50.519 He's a Democrat right now, right with Kamala Harris. What 122 00:06:50.639 --> 00:06:53.079 did bitcoin do at at the beginning of twenty twenty 123 00:06:53.079 --> 00:06:56.959 three to now? It has it ran up so the 124 00:06:57.000 --> 00:06:59.759 point that you know Bitcoin's going to go down to 125 00:06:59.800 --> 00:07:04.800 their forty k Harris is elected, That is silly. But look, 126 00:07:04.879 --> 00:07:09.600 some political gamesmanship here. So interesting that they're saying is so. 127 00:07:09.639 --> 00:07:13.240 Analysts at Bernstein predict a wide divergence in outcomes for 128 00:07:13.319 --> 00:07:16.800 bitcoin depending on who wins the US presidential election. Donald 129 00:07:16.800 --> 00:07:20.800 Trump currently leads Kamala Harris fifty two to forty percent 130 00:07:20.879 --> 00:07:24.800 on the decentralized predictions platform poly market. So take this 131 00:07:25.120 --> 00:07:27.839 as a grain with a grain of salt, because this 132 00:07:27.959 --> 00:07:30.480 is why you need to be financially educated, because this 133 00:07:30.560 --> 00:07:33.720 is a narrative. Now, once again, there's other reasons you 134 00:07:33.800 --> 00:07:36.040 may vote for Donald Trump versus Kamala Harris, and that's 135 00:07:36.079 --> 00:07:38.959 fine as long as they're factual. But this is not 136 00:07:39.160 --> 00:07:41.040 one of them, right, guys, I keep it real with 137 00:07:41.079 --> 00:07:44.920 you all. Now, speaking of Kamala Harris, some folks yesterday 138 00:07:45.040 --> 00:07:49.120 highlighted that there was no mention of her crypto policy 139 00:07:49.439 --> 00:07:53.120 on her new policy page on her campaign website. I 140 00:07:53.160 --> 00:07:55.720 think Kamala Harrison her campaign are dropping the ball here. 141 00:07:55.759 --> 00:07:58.920 Trump has the clear advantage. And when I say these 142 00:07:59.000 --> 00:08:01.720 things people get triggered. I'm not saying go vote for 143 00:08:01.839 --> 00:08:05.079 Kamala Harris or I want Kamala Harris to support crypto 144 00:08:05.120 --> 00:08:07.360 so you can vote for her. That's not the point. 145 00:08:07.639 --> 00:08:11.680 As I've stated before, i want crypto off the election table. 146 00:08:12.040 --> 00:08:15.759 That's my point. Go vote for whoever you want based 147 00:08:15.759 --> 00:08:19.120 on other issues. But crypto needs to be bipartisan. That 148 00:08:19.279 --> 00:08:21.279 is how it's going to win in the United States. 149 00:08:21.519 --> 00:08:25.800 So if you have RFK Junior supporting crypto, Trump and Harris, 150 00:08:26.199 --> 00:08:29.759 it becomes a non election issue. That is what we need. 151 00:08:29.959 --> 00:08:31.800 We don't need it to be a ballot issue. I 152 00:08:31.879 --> 00:08:34.799 know it is because of Elizabeth Warren. But if you 153 00:08:34.919 --> 00:08:37.759 have the top Democrat of Kamala Harris saying hey, I'm 154 00:08:37.799 --> 00:08:39.720 going to support crypto and so forth, then it's no 155 00:08:39.799 --> 00:08:42.919 longer a talking point and it can help rally the 156 00:08:42.960 --> 00:08:45.919 rest of the Democrats in the Congress to now work 157 00:08:45.960 --> 00:08:49.720 with the Republicans to get legislation through. That's the endgame 158 00:08:49.759 --> 00:08:52.120 for me. Now, you may say, Tony, but I'm still 159 00:08:52.200 --> 00:08:55.080 voting for Trump, and that's fine. I'm not here to 160 00:08:55.200 --> 00:08:58.840 change your mind about that. My point once again is 161 00:08:58.919 --> 00:09:02.919 to get crypto off the election ballot so that the 162 00:09:03.039 --> 00:09:06.200 rest of the government can focus on it and get 163 00:09:06.200 --> 00:09:11.000 it going. Right now, it's one sided and that's unfortunate. 164 00:09:11.080 --> 00:09:14.080 But hopefully we can get this resolve and hopefully Kama 165 00:09:14.080 --> 00:09:16.279 Harris comes out with a policy. But I'm not banking 166 00:09:16.320 --> 00:09:18.320 on this, So don't get me wrong. I'm not putting 167 00:09:18.360 --> 00:09:20.399 money and this is She's going to do it. But 168 00:09:20.480 --> 00:09:24.919 this is a major failure on our part. Now, interesting 169 00:09:25.080 --> 00:09:27.600 article came out today on the Hill and it was 170 00:09:27.639 --> 00:09:31.480 written by former Senator Pat Toomey, a Republican out of Pennsylvania. 171 00:09:31.759 --> 00:09:34.000 Many of you may have recalled he was a big 172 00:09:34.039 --> 00:09:37.399 crypto supporter. Here's the title of his article, Congress needs 173 00:09:37.440 --> 00:09:41.639 to enact a clear framework for a sensible regulation of crypto. Well, 174 00:09:41.639 --> 00:09:45.039 he's absolutely right, and here Paul Garbolla Coinbase tweet out 175 00:09:45.080 --> 00:09:48.720 an excerpt of that, saying it takes a tortured interpretation 176 00:09:49.279 --> 00:09:52.840 of the nineteen thirty four securities Exchange Act and subsequent 177 00:09:52.960 --> 00:09:56.000 case law, including the Howard decision to conclude that it 178 00:09:56.039 --> 00:09:59.960 applies to most crypto tokens. Great statement there by Senator 179 00:10:00.320 --> 00:10:02.720 to me, and of course he's calling out the clown 180 00:10:02.840 --> 00:10:06.759 Gary Genser, right, scumbag regulator Gary Ginser, as I would 181 00:10:06.759 --> 00:10:10.080 like to call him. Now. Those who are anti crypto 182 00:10:10.320 --> 00:10:13.039 are feeling it in the elections. We've seen it so 183 00:10:13.159 --> 00:10:16.000 far on Super Tuesday and in the primaries. And here 184 00:10:16.000 --> 00:10:19.399 we got a report that Crypto Superpack pours six hundred 185 00:10:19.440 --> 00:10:23.240 and sixty thousand dollars into Senate race as US election 186 00:10:23.600 --> 00:10:25.720 closes in. So let me give you the details here. 187 00:10:26.080 --> 00:10:30.759 The Commonwealth Unity Fund, a political action committee primarily funded 188 00:10:30.799 --> 00:10:33.879 by contributors from the co founders of Gemini and Ripple Labs, 189 00:10:34.200 --> 00:10:36.840 has spent more than six hundred thousand dollars on the 190 00:10:36.879 --> 00:10:40.679 election of Republican candidate John Deeton in the United States Senate, 191 00:10:40.960 --> 00:10:44.919 according to the Federal Election Commission records filed on September sixth, 192 00:10:45.320 --> 00:10:48.840 Commonwealth spent roughly three hundred and thirty thousand dollars on 193 00:10:48.960 --> 00:10:53.840 media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts 194 00:10:53.960 --> 00:10:56.720 US Senate race. The Super pac also spent the same 195 00:10:56.720 --> 00:11:01.120 amount on a media placement supporting Deeton, by marked one 196 00:11:01.200 --> 00:11:04.799 of the first significant expenditures from a crypto back super 197 00:11:04.840 --> 00:11:08.159 pack since Dton won the Republican nomination for the US 198 00:11:08.240 --> 00:11:11.919 Senate race on September three. Backed by crypto industry leaders 199 00:11:12.039 --> 00:11:15.440 including the Winklevoss Twins and Kraken co founder Jesse Powell, 200 00:11:15.440 --> 00:11:19.559 the Republican candidate seeks to unseed Warren, who has served 201 00:11:19.559 --> 00:11:24.159 as Massachusetts Democratic Senator since twenty thirteen. Folks, big win 202 00:11:24.240 --> 00:11:26.759 for John Deeton, as I shared with you guys, and 203 00:11:27.159 --> 00:11:30.360 I'm hoping that he's able to unseat Elizabeth Warren, who's 204 00:11:30.399 --> 00:11:34.240 the leader of the anti crypto army. And now I 205 00:11:34.279 --> 00:11:37.600 saw someone tweeted out about she sent an email out panicking. 206 00:11:37.679 --> 00:11:40.679 She referenced the Winklevoss Twins and so forth that they're 207 00:11:40.679 --> 00:11:44.519 supporting John. So she's scrambling, and we need to get 208 00:11:44.559 --> 00:11:47.159 her out because she's the one that's been pulling the 209 00:11:47.159 --> 00:11:49.720 puppet strings with gens. Her and her cronies are at 210 00:11:49.720 --> 00:11:52.639 the Treasury and they're in different places. And you know, 211 00:11:52.679 --> 00:11:55.559 she got Sharrod Brown, Brad Sherman and all these clowns 212 00:11:55.600 --> 00:11:58.240 with her but you messed with crypto, you go against crypto, 213 00:11:58.279 --> 00:12:01.639 you're going to lose. So we're seeing that trend. It 214 00:12:01.759 --> 00:12:05.320 continued to grow, and I think it will because the 215 00:12:05.360 --> 00:12:08.399 people who have been aligning themselves with Elizabeth Warren, the 216 00:12:08.679 --> 00:12:12.039 Warren Nights, are getting their asses kicked in the elections 217 00:12:12.120 --> 00:12:15.919 so far. Now tomorrow we got a big congressional hearing, folks. 218 00:12:16.000 --> 00:12:19.039 It's the first ever on DeFi. I shared this with 219 00:12:19.080 --> 00:12:22.039 you guys yesterday with just a reminders. So this will 220 00:12:22.080 --> 00:12:25.399 be held in the House Financial Services Committee at ten 221 00:12:25.440 --> 00:12:28.080 am Eastern, So I'll try to see if I can 222 00:12:28.320 --> 00:12:30.799 tune into this and see if there are any major takeaways. 223 00:12:30.799 --> 00:12:34.600 But it's pretty significant that you have a hearing on DeFi. 224 00:12:35.519 --> 00:12:39.200 Times are changing cryptos everywhere now, It's become ubiquitous. They 225 00:12:39.200 --> 00:12:42.440 can't ignore it, folks. It's in politics, trad fi, pop culture, 226 00:12:42.440 --> 00:12:46.679 and more incredible stuff happening now. Quick word from our sponsor, folks, 227 00:12:46.679 --> 00:12:48.519 and that is Gemini, which is one of the top 228 00:12:48.519 --> 00:12:51.399 crypto exchanges out there. I've been a user of Gemini 229 00:12:51.440 --> 00:12:53.600 for many years. I have a council with many different 230 00:12:53.600 --> 00:12:57.639 exchanges and I use them for backups and so forth. 231 00:12:57.679 --> 00:13:01.039 But Gemini has been one I've been using great products, folks. 232 00:13:01.080 --> 00:13:04.519 They have an incredible exchange, fully functional, great app, they 233 00:13:04.519 --> 00:13:07.840 have staking services, they have a credit card that they offer, 234 00:13:08.039 --> 00:13:10.879 and they have a US backstable coin called Gemini Dollar. 235 00:13:11.200 --> 00:13:13.879 They also offer a great derivatives platform where you can 236 00:13:13.919 --> 00:13:17.120 trade Bitcoin and all the other top all coins. So 237 00:13:17.200 --> 00:13:20.279 Gemini is a full service exchange obviously headed up by 238 00:13:20.279 --> 00:13:23.279 the Winkle Bosswins who have been donating to John Deaton 239 00:13:23.759 --> 00:13:26.840 and into the Crypto superpack. Now, if you sign up 240 00:13:26.840 --> 00:13:30.519 with Gemini and using my code thinking fifteen, the link 241 00:13:30.519 --> 00:13:32.519 will be in the description. You can get fifteen dollars 242 00:13:32.559 --> 00:13:35.639 in bitcoin when you trade one hundred dollars in bitcoins. 243 00:13:35.639 --> 00:13:38.879 So be sure to check out Gemini. It's a great platform. 244 00:13:39.279 --> 00:13:42.919 Now we've got big news that BBVA the bank incorporates 245 00:13:42.960 --> 00:13:47.399 the USDC stable coin into its crypto asset service in Switzerland. 246 00:13:48.000 --> 00:13:52.200 Talk about adoption, folks. These banks are incorporating crypto many 247 00:13:52.240 --> 00:13:55.879 different ways, building with the blockchain tech, launching ETFs and 248 00:13:55.919 --> 00:13:59.159 doing a variety of things. The bank is expanding its 249 00:13:59.200 --> 00:14:04.519 cryptocurrency custody and trading services to include USD coin, a 250 00:14:04.639 --> 00:14:08.200 leading stable coin whose value is pegged to the US dollar. 251 00:14:08.559 --> 00:14:12.480 This edition will enable bbva's institutional clients to speed up 252 00:14:12.519 --> 00:14:16.480 their trading operations by enabling them to transfer value more 253 00:14:16.519 --> 00:14:21.879 efficiently with blockchain and secure their stable coins into bbva's vault. 254 00:14:22.159 --> 00:14:23.840 For those of you who are listening who may be 255 00:14:24.159 --> 00:14:26.240 still sitting on the fence when it comes to crypt 256 00:14:26.360 --> 00:14:27.879 I don't know about this. I don't know if it's 257 00:14:27.919 --> 00:14:31.679 going anywhere. Look at this news. How can you be bearish? 258 00:14:31.720 --> 00:14:34.720 How can you be still on the fence after seeing 259 00:14:34.759 --> 00:14:37.600 news like this? And this is just one example. I mean, 260 00:14:37.679 --> 00:14:41.200 all of Wall Street is here, you're tokenizing, they're launching ETFs, 261 00:14:41.399 --> 00:14:44.159 and there's many other banks and stock exchanges who are 262 00:14:44.519 --> 00:14:47.440 building with this tech. Just go research it. The news 263 00:14:47.600 --> 00:14:50.799 is not covered by CNN, it's not covered by Fox 264 00:14:50.879 --> 00:14:54.480 Business and all that. You know, they're focusing on other things. 265 00:14:54.759 --> 00:14:56.639 But this is what you want to see if you're 266 00:14:56.639 --> 00:15:00.000 interested in investing in this asset class, real world adoption 267 00:15:00.080 --> 00:15:03.159 and from the biggest institutions in the world. Obviously, just 268 00:15:03.240 --> 00:15:07.120 last week we talked about master Card launching a cryptodebic card. 269 00:15:07.240 --> 00:15:11.159 So things are progressing and it's really exciting. And as 270 00:15:11.200 --> 00:15:14.399 someone who got in in the market. In twenty sixteen, 271 00:15:14.679 --> 00:15:17.639 we had nothing like this, no news like this. It 272 00:15:17.679 --> 00:15:20.960 was mostly fun, right. It was so hard to invest 273 00:15:21.080 --> 00:15:24.399 and hold back then because this was all taboo. There 274 00:15:24.480 --> 00:15:27.399 was the narrative it's a fad, it's a scam, and 275 00:15:27.440 --> 00:15:30.559 so forth. And now the biggest financial institutions in the 276 00:15:30.639 --> 00:15:33.679 world are adopting and building with it. Moving ahead, guys, 277 00:15:33.799 --> 00:15:39.080 Japan's largest electricity company, Tokyo Electric Power, to use renewable 278 00:15:39.240 --> 00:15:45.320 energy to mine bitcoin. What incredible news. I've been talking 279 00:15:45.320 --> 00:15:48.519 about this for years that many of the energy companies 280 00:15:48.519 --> 00:15:53.039 globally they can adopt bitcoin in a way that they 281 00:15:53.080 --> 00:15:56.679 can create a new revenue stream and they can monetize 282 00:15:57.080 --> 00:16:00.799 excess energy in energy that would have been wasted. So 283 00:16:01.320 --> 00:16:04.360 this is incredible. And imagine if you get at least 284 00:16:04.720 --> 00:16:07.399 ten percent or even twenty percent of the energy companies 285 00:16:07.440 --> 00:16:11.120 globally doing this, and this will be an incredible way 286 00:16:11.159 --> 00:16:14.440 for them to earn additional income that that would be 287 00:16:14.559 --> 00:16:17.919 huge for the adoption of bitcoin. I think this is 288 00:16:17.960 --> 00:16:20.679 a trend that's going to continue to grow, folks, as 289 00:16:21.440 --> 00:16:24.399 bonds are not doing well and different things, investments are 290 00:16:24.399 --> 00:16:26.600 not doing well. That's why you see many pensions and 291 00:16:26.720 --> 00:16:32.759 endowments are now diversifying into bitcoin ets right, because the 292 00:16:32.960 --> 00:16:35.799 other traditional assets are not performing as well. Early in 293 00:16:35.799 --> 00:16:39.200 the podcast, I said bitcoin and cryptos the fastest horse 294 00:16:39.240 --> 00:16:41.480 in the race, as Paul Tutor Jones said, right, folks, 295 00:16:41.559 --> 00:16:45.320 So it's happening. I mean, it's incredible news. Now we've 296 00:16:45.320 --> 00:16:48.399 got some interesting newsome Tether here, which is a competitor 297 00:16:48.440 --> 00:16:52.159 to USDC stable coin. Tether addresses one hundred and two 298 00:16:52.240 --> 00:16:57.480 million dollar agriculture investment. Land is crucial asset class. So 299 00:16:57.960 --> 00:17:01.279 Tether has quietly invested one hundred and two million dollars 300 00:17:01.360 --> 00:17:04.400 since July, buying nine point eight percent of the shares 301 00:17:04.440 --> 00:17:07.839 of at a Co grow from saying right, a Nasdaq 302 00:17:07.960 --> 00:17:13.079 listed agricultural giant which operates in South America. At a Coagro, 303 00:17:13.759 --> 00:17:17.359 Argentina's main producer of milk and rice, also produces sugar, 304 00:17:17.440 --> 00:17:21.640 cane and brazil and other crops across Argentina and Uruguay. 305 00:17:22.480 --> 00:17:25.920 A Tether spokesperson said the investment in land and inherently 306 00:17:26.039 --> 00:17:30.319 scarce crucial acid class that provides long term yield, complements 307 00:17:30.319 --> 00:17:33.880 the company's prior investments in gold and bitcoin. So this 308 00:17:33.960 --> 00:17:38.559 is fascinating because they're using another hard asset, which is land, 309 00:17:38.720 --> 00:17:43.039 to back their tether or stable coin reserves. It's fascinating. 310 00:17:43.279 --> 00:17:45.759 It's I mean, on paper, it sounds really great. I 311 00:17:45.839 --> 00:17:48.640 just don't know the dynamics of it. But interesting that 312 00:17:49.039 --> 00:17:50.880 they're doing this, and they may be ahead of the 313 00:17:50.920 --> 00:17:53.440 curve here and maybe a smart move, but we'll have 314 00:17:53.519 --> 00:17:56.319 to wait and see. But fascinating to say the least. 315 00:17:56.359 --> 00:17:58.519 All right, we've got news at ether dot fin to 316 00:17:58.640 --> 00:18:02.039 launch visa cash car on the Scroll network. The credit 317 00:18:02.079 --> 00:18:06.039 card from the Ether five will reward three percent cash 318 00:18:06.079 --> 00:18:09.200 back and let users borrow money against their crypto collateral. 319 00:18:09.279 --> 00:18:11.880 So this is interesting. So Ether five, best known for 320 00:18:11.960 --> 00:18:15.839 its liquid restaking service, wants to change all that with 321 00:18:16.000 --> 00:18:18.880 a new blockchain based credit card, ether fi cash. It 322 00:18:18.920 --> 00:18:21.839 announced on Monday a plan to work with Scroll, a 323 00:18:21.960 --> 00:18:24.720 layer to network on etherorem to bring the credit card 324 00:18:24.799 --> 00:18:27.119 to the market. So this is interesting. A lot of 325 00:18:27.119 --> 00:18:29.799 companies building credit cards and on and off ramps, and 326 00:18:30.039 --> 00:18:32.319 I think it makes sense. Now you want to make 327 00:18:32.359 --> 00:18:35.799 sure that it's legit. Right. Earlier I mentioned about the 328 00:18:35.839 --> 00:18:40.000 news about MasterCard launching their debit card and which is 329 00:18:40.160 --> 00:18:43.559 actually coming from yourself custodio wallet. So you want to 330 00:18:43.599 --> 00:18:45.519 make sure you go through the fine print and all 331 00:18:45.559 --> 00:18:48.880 the details with these platforms where you jump on them. Now, 332 00:18:48.880 --> 00:18:52.279 we got news here that on Ramper launches a crypto 333 00:18:52.440 --> 00:18:55.839 off ramp service with moon Pay, alchemy Pay, and others. 334 00:18:56.319 --> 00:18:59.440 So on Ramper is launching its crypto to Fiat solution 335 00:18:59.519 --> 00:19:03.519 with partner including Moonpay and alchemy Pay. According to on Ramper, 336 00:19:03.599 --> 00:19:06.839 the new off ramp service will support forty six Fiat 337 00:19:06.880 --> 00:19:10.799 currencies and over five hundred cryptore currencies in two hundred countries. 338 00:19:11.279 --> 00:19:13.680 So that's pretty great guys. In order for this asset 339 00:19:13.680 --> 00:19:16.920 class to get a mass adoption bringing it to billions 340 00:19:16.920 --> 00:19:19.039 of people, you need the on and off ramp. So 341 00:19:19.039 --> 00:19:20.880 I did need to be able to easily get on 342 00:19:20.960 --> 00:19:24.359 and off right whether they're investing and taking profits and 343 00:19:24.400 --> 00:19:26.519 all that stuff, or converting and all you know, to 344 00:19:26.599 --> 00:19:29.000 different stable coins and whatever it may be. So it's 345 00:19:29.039 --> 00:19:32.000 great that these companies are building the infrastructure globally. This 346 00:19:32.119 --> 00:19:35.799 is great news for the future adoption of the acid class. Now, 347 00:19:35.839 --> 00:19:40.680 Solana creator program Drip raises eight million dollars in seed round. 348 00:19:40.960 --> 00:19:44.680 So Salana based NFT drop platform Drip has raised an 349 00:19:44.759 --> 00:19:48.359 eight million dollars seed round led by NFX Progression and 350 00:19:48.400 --> 00:19:51.359 Coin Based Ventures. The funds will be used to bring 351 00:19:51.440 --> 00:19:54.720 drips mobile app to market and expand the development of 352 00:19:54.720 --> 00:19:58.759 its creator tools. So obviously, as a creator myself, this 353 00:19:58.920 --> 00:20:02.720 is cool and and we need to build solutions in 354 00:20:02.799 --> 00:20:07.559 Web three for different segments of the economy, whether it's creators, businesses, 355 00:20:08.200 --> 00:20:12.319 both enterprises and small businesses for entertainment, music and all 356 00:20:12.359 --> 00:20:15.480 these things. So really great to see that new solutions 357 00:20:15.519 --> 00:20:18.319 are recreated and these companies are getting money. And as 358 00:20:18.319 --> 00:20:21.480 I've stated many times, you get an idea, now's the time, folks, 359 00:20:21.680 --> 00:20:24.000 put your pitch deck together, go to those vcs and 360 00:20:24.039 --> 00:20:29.119 hedge funds, get your millions and start building. So certainly 361 00:20:29.160 --> 00:20:33.279 an opportunity here. Final news items snapshot x launches to 362 00:20:33.480 --> 00:20:37.200 enable gas free on chain voting via stark net. So 363 00:20:37.240 --> 00:20:41.319 snapshot x has launched today introducing a protocol that enables 364 00:20:41.359 --> 00:20:45.799 gas free on chain voting for decentralized autonomous organizations. Let 365 00:20:45.799 --> 00:20:48.200 me give you some details here. So it is introducing 366 00:20:48.200 --> 00:20:50.920 a new Layer two based protocol that enables on chain 367 00:20:51.039 --> 00:20:54.640 voting without the associated gas fees for dows. This feature 368 00:20:54.680 --> 00:20:58.240 powered by stark Net's roll up technology aims to streamlined 369 00:20:58.240 --> 00:21:02.160 the voting process within blockchain projects by eliminating costs that 370 00:21:02.279 --> 00:21:06.880 have traditionally hindered participation. Dallas have traditionally faced a choice 371 00:21:06.880 --> 00:21:11.400 between fast, centrally controlled off chain voting systems and on 372 00:21:11.559 --> 00:21:16.240 chain voting that, while adhering to blockchain's core principles, was 373 00:21:16.279 --> 00:21:20.440 often expensive and inefficient. Snapshot x seeks to address these 374 00:21:20.480 --> 00:21:23.960 issues by offering a cost effective on chain solution. So 375 00:21:24.000 --> 00:21:26.720 that's great, guys. In order to get mass adoption, you 376 00:21:26.759 --> 00:21:29.519 can't have high fees, you can't have slow networks, and 377 00:21:29.599 --> 00:21:33.519 I know that is an issue that plagues some blockchains, 378 00:21:33.559 --> 00:21:37.559 not all. So an example be Ethereum. Obviously, the layer 379 00:21:37.599 --> 00:21:40.720 one not ideal for mass adoption. I think it's more 380 00:21:40.759 --> 00:21:44.519 ideal for enterprise adoption who care more about security versus 381 00:21:44.559 --> 00:21:46.319 speed and so forth. Don't get me wrong, I don't 382 00:21:46.319 --> 00:21:49.119 think they want to be waiting days for transactions. But 383 00:21:49.200 --> 00:21:52.279 the point is, you know, if you're doing toganization like 384 00:21:52.559 --> 00:21:56.359 black Rocks tokenizing an Ethereum, they don't necessarily need a 385 00:21:56.559 --> 00:21:59.720 super fast transaction as if you're going to Starbucks buying 386 00:21:59.759 --> 00:22:05.160 a obviously, right, But the layer twos that are on ethereum. 387 00:22:05.440 --> 00:22:08.680 Of those I think are for the mass consumer adoption 388 00:22:08.799 --> 00:22:11.640 where once again you go to Starbucks, you're buying your coffee. 389 00:22:11.759 --> 00:22:14.640 You need it fast, you need it very quick. And 390 00:22:15.279 --> 00:22:18.039 it's great to see that these solutions are coming in 391 00:22:18.359 --> 00:22:22.680 here for doos to make things fast and make it 392 00:22:22.720 --> 00:22:27.240 more efficient. So all great news for the continued growth 393 00:22:27.279 --> 00:22:30.960 and adoption of this technology which is going to drive 394 00:22:31.200 --> 00:22:35.119 higher prices more people that come on chain, right, Metcalps Law, 395 00:22:36.000 --> 00:22:39.440 I've often talked about that over the years. Metcalps Laws 396 00:22:39.599 --> 00:22:43.480 study that network effects. More participants on the network, the 397 00:22:43.519 --> 00:22:46.559 more valuable it becomes, the more stronger it becomes as well. 398 00:22:46.720 --> 00:22:48.960 So let me know what you guys think about the news. 399 00:22:49.039 --> 00:22:51.640 Leave your thoughts and comments below hit the thumbs up button. 400 00:22:51.880 --> 00:22:54.400 Don't forget to sign up for my free email newsletter 401 00:22:54.440 --> 00:22:56.799