WEBVTT 1 00:00:04.879 --> 00:00:08.480 Hey, everybody, Welcome into the Thinking Crypto podcast. You're home 2 00:00:08.560 --> 00:00:12.599 for cryptocurrency news and interviews. I'm your host, Tony Edward 3 00:00:12.679 --> 00:00:15.080 on your weight in. Please let that subscribe button as 4 00:00:15.160 --> 00:00:17.480 well as the thumbs up button and leave a common below. 5 00:00:17.679 --> 00:00:20.239 If you're listening on a podcast platform such as Spotify 6 00:00:20.320 --> 00:00:23.600 or Apple, please leave a five star rating and review. Folks, 7 00:00:23.640 --> 00:00:24.920 we've got to take a look at the price here 8 00:00:24.960 --> 00:00:27.960 because bitcoin is below one hundred and fifteen thousand dollars. 9 00:00:28.000 --> 00:00:32.079 Once again, we're seeing red on the charts. Everything's bleeding 10 00:00:32.119 --> 00:00:34.920 out right now. But this should come as no surprise 11 00:00:35.039 --> 00:00:37.479 because what have I been telling you guys over the 12 00:00:37.520 --> 00:00:41.119 past two weeks on the podcast in my newsletter that 13 00:00:41.520 --> 00:00:44.759 on the weekly chart the MAC these shows the bears 14 00:00:44.759 --> 00:00:46.920 are in control. And I didn't like what I was 15 00:00:46.920 --> 00:00:49.280 seeing on a chart. I said that so many times. Right, 16 00:00:49.520 --> 00:00:52.520 I have the receipts. So the point is that data 17 00:00:52.640 --> 00:00:55.359 was showing us what's the common. Sometimes it does take 18 00:00:55.399 --> 00:00:57.560 some time for these things to play out, but it's 19 00:00:57.600 --> 00:01:01.600 all cyclical, right. I often highlight the MACD showing where 20 00:01:01.960 --> 00:01:04.280 bulls are in control and now bears are in control. 21 00:01:04.519 --> 00:01:07.280 But that's okay. This is just short term, and we've 22 00:01:07.280 --> 00:01:10.280 seen when bitcoin becomes over sold. You know, we look 23 00:01:10.319 --> 00:01:13.000 at the RSI and the daily chart, it's heading back 24 00:01:13.040 --> 00:01:16.799 to that over soul zone, which is about thirty or below, 25 00:01:17.239 --> 00:01:19.159 and then we're going to bounce from there. So the 26 00:01:19.200 --> 00:01:21.519 market may need to feel a bit of fear, right, 27 00:01:21.560 --> 00:01:24.760 you have the sentiment reset and then the bulls takeover. 28 00:01:25.079 --> 00:01:28.480 It's the same cyclical pattern. But the important thing is 29 00:01:28.560 --> 00:01:31.840 from the macro, the bull market is still intact. Our 30 00:01:31.879 --> 00:01:35.239 support levels are there, our macro factors are there, our 31 00:01:35.319 --> 00:01:37.480 signals are there. The things that have flash at the 32 00:01:37.480 --> 00:01:41.359 top have not flash right. So it's just the patience 33 00:01:41.599 --> 00:01:44.079 part of this market. So this is where I know 34 00:01:44.159 --> 00:01:46.120 it's hard. I know it's boring. I know some of 35 00:01:46.159 --> 00:01:49.920 you are losing confidence, but don't be emotional, be educated. 36 00:01:49.959 --> 00:01:51.799 This is why I'm sharing the data points with you, 37 00:01:51.959 --> 00:01:54.159 why I've been sharing the mac D again. It's in 38 00:01:54.200 --> 00:01:56.840 my newsletter as well. Right my last newsletter I put 39 00:01:56.840 --> 00:01:59.400 that I gave the warning saying, hey, look, bears are 40 00:01:59.400 --> 00:02:02.799 still in control here, so just shouldn't come as a surprise. 41 00:02:02.959 --> 00:02:05.280 But I know, you know, it's hard to see the 42 00:02:05.400 --> 00:02:10.039 market go through these turmoil and boring and volatile moments, 43 00:02:10.080 --> 00:02:12.120 but this is how you make money. You got to 44 00:02:12.159 --> 00:02:14.800 stomach through this and you've got to be patients. So 45 00:02:15.159 --> 00:02:17.039 right now you got to use a lot of patients 46 00:02:17.080 --> 00:02:20.439 because you know, it's been pretty boring. Nothing much happening, 47 00:02:20.479 --> 00:02:23.439 but we're gonna get back on track, so don't get 48 00:02:23.479 --> 00:02:26.039 shook out. That's what the whales and market makers want 49 00:02:26.080 --> 00:02:28.639 you to do. If we look at global liquidity, as 50 00:02:28.680 --> 00:02:30.560 I've been sharing with you guys, it is hitting new 51 00:02:30.599 --> 00:02:33.439 all time highs. This thing is not over. In addition, 52 00:02:33.520 --> 00:02:36.479 we continue to see bitcoin whales based on on chain 53 00:02:36.560 --> 00:02:39.840 data with wallets of ten or more bitcoin continue to accumulate. 54 00:02:39.879 --> 00:02:42.719 They're not dumping. So again, these are just a couple 55 00:02:42.759 --> 00:02:44.360 of metrics. There are more, but I just want to 56 00:02:44.439 --> 00:02:48.439 highlight that everything is still intact. Just the short term. 57 00:02:48.479 --> 00:02:51.599 We got in the micro, we got volatility we got 58 00:02:51.639 --> 00:02:53.400 to deal with and we've got to be patient. But 59 00:02:53.520 --> 00:02:55.680 the macro everything is still on track. And you know, 60 00:02:55.719 --> 00:02:58.479 we've been looking at even the stock market, you know 61 00:02:58.560 --> 00:03:01.120 that has been hitting new highs some P five hundred 62 00:03:01.159 --> 00:03:03.840 and that's that and much more. And as I've been 63 00:03:03.879 --> 00:03:07.439 stating recently, you know, gold was leading the market, as 64 00:03:07.439 --> 00:03:10.599 we've seen many times throughout this bull market. Then it 65 00:03:10.759 --> 00:03:13.159 cools down there and there's a rotation to stocks, and 66 00:03:13.199 --> 00:03:16.280 then I think crypto is going to follow. So everything 67 00:03:16.639 --> 00:03:19.479 still on track, folks, Again based on the data, not 68 00:03:19.599 --> 00:03:22.400 feelings or emotions. So this is a time to exercise 69 00:03:22.439 --> 00:03:24.919 a lot of patients. If the charts and your portfolio, 70 00:03:24.919 --> 00:03:27.400 look at your portfolio bothers you right now, don't look 71 00:03:27.439 --> 00:03:29.840 at it. I haven't looked at my portfolio because there's 72 00:03:29.919 --> 00:03:32.960 volatility right now. There's not much to pay attention to here, 73 00:03:33.000 --> 00:03:35.120 So don't look at your portfolio every day. That's that's 74 00:03:35.120 --> 00:03:39.639 a big trick in staying patient and keeping your mental 75 00:03:39.680 --> 00:03:43.280 health right because looking at these things every day and 76 00:03:43.400 --> 00:03:46.039 oh my god, my portfolio just went down it that'll 77 00:03:46.120 --> 00:03:49.319 drive you nuts. Don't do that, right. So I've learned 78 00:03:49.319 --> 00:03:52.520 that lesson being here from multiple bull and bear market cycles. 79 00:03:52.840 --> 00:03:56.560 So again, guys, expect more downside, but we're going to 80 00:03:56.599 --> 00:03:59.439 find that support level and then the sentiment's going to 81 00:03:59.439 --> 00:04:01.439 be reset and then the bulls are going to take 82 00:04:01.439 --> 00:04:04.719 over and we're going to have a monster rally. And look, 83 00:04:04.840 --> 00:04:09.439 seasonality wise, Q four, I mean has always been incredibly 84 00:04:09.520 --> 00:04:12.520 great especially in bullmarket years. Right, beer market year is 85 00:04:12.560 --> 00:04:15.319 not so much. But we're we're in the third bullmarket 86 00:04:15.400 --> 00:04:20.120 year and Q four is setting up to be pretty great, 87 00:04:20.160 --> 00:04:21.920 and it's going to be for all market stocks and 88 00:04:21.920 --> 00:04:25.480 so forth. So your patience will be rewarded, folks, quickly 89 00:04:25.560 --> 00:04:28.199 from our sponsor, and that is Treasure. Treasure makes beautiful 90 00:04:28.199 --> 00:04:31.519 hardware wallets that make it easy to safely self custody 91 00:04:31.560 --> 00:04:34.560 your assets. I'm a user of the Treasure Save five device. 92 00:04:34.600 --> 00:04:37.160 It's beautiful, it's easy to use. I'm a big believer 93 00:04:37.240 --> 00:04:39.399 in self custody. I have been for years. My OG 94 00:04:39.839 --> 00:04:42.399 subscribers and listeners, you know that I always talk about 95 00:04:42.480 --> 00:04:45.439 I keep the majority of my crypto assets on hardware wallets. 96 00:04:45.839 --> 00:04:49.639 And Treasure supports a variety of tokens, folks, from Bitcoin 97 00:04:49.759 --> 00:04:53.040 to the top all coins like XRP, Theorem, Solana, and 98 00:04:53.160 --> 00:04:56.120 much more. They have a software suite called Treasure Suite 99 00:04:56.199 --> 00:04:58.279 that helps you to manage all of this, and folks, 100 00:04:58.319 --> 00:05:01.759 they are the pioneer of the hardware wall. They created 101 00:05:01.759 --> 00:05:05.040 these things back in twenty thirteen. They did the seed 102 00:05:05.079 --> 00:05:07.759 phrase setups, so no one else comes close. From a 103 00:05:07.800 --> 00:05:10.959 pedigree and knowledge of building hardware wall. Its like Treasure 104 00:05:11.399 --> 00:05:14.399 and folks, if you use my code thinking crypto all 105 00:05:14.439 --> 00:05:16.839 when we're thinking crypto, you can get five percent off 106 00:05:17.040 --> 00:05:19.279 a purchase of a Treasure device. So check it out. 107 00:05:19.279 --> 00:05:21.279 Once again, I'm a user and I'm a believer in 108 00:05:21.279 --> 00:05:23.639 the products, so link will be in a description. Now 109 00:05:23.680 --> 00:05:25.480 look at this news. You know we were talking about 110 00:05:25.480 --> 00:05:27.879 we're still in the bullmarket. Arthur Hayes, who I've had 111 00:05:27.879 --> 00:05:30.959 on the podcast, you know, he mentioned the following cryptos 112 00:05:31.000 --> 00:05:34.319 ready for up only mode once the US Treasury General 113 00:05:34.360 --> 00:05:37.600 Account hits eight hundred and fifty billion dollars target. Now 114 00:05:37.600 --> 00:05:41.360 we've seen this throughout this bullmarket, not just under Trump, 115 00:05:41.360 --> 00:05:44.839 but when Jenny Yellen was running things under Biden as well. 116 00:05:45.160 --> 00:05:48.480 They've done some pseudo QE with the Treasury, so I 117 00:05:48.519 --> 00:05:50.480 think he's right. Let me give you the details of 118 00:05:50.519 --> 00:05:53.040 what he had to say. Crypto markets will enter up 119 00:05:53.120 --> 00:05:56.600 only once the United States Treasury hits its target goal 120 00:05:56.639 --> 00:06:00.639 of filling the General Account the TGA, the Treasury Department's 121 00:06:00.680 --> 00:06:03.639 bank account, with eight hundred and fifty billion dollars. According 122 00:06:03.639 --> 00:06:07.120 to Arthur Hayes, co founder of bitmexs crypto Exchange, with 123 00:06:07.240 --> 00:06:11.360 this liquidity drain complete up only can resume Hayes' roads 124 00:06:11.439 --> 00:06:15.360 on Friday, as the US TGA's opening balance cross eight 125 00:06:15.480 --> 00:06:18.360 hundred and seven billion dollars. When the Treasury is filling 126 00:06:18.399 --> 00:06:21.879 its general account, the funds are generally sequestered and do 127 00:06:22.000 --> 00:06:25.120 not flow into private markets. Many crypto investors and traders 128 00:06:25.120 --> 00:06:28.199 anticipate rising liquidity levels in the coming months as the 129 00:06:28.279 --> 00:06:32.000 US Federal Reserve leans into interest rate cutting cycle, which 130 00:06:32.000 --> 00:06:35.480 should boost asset prices until liquidity dries up and rate 131 00:06:35.519 --> 00:06:39.720 tightening process begins again. So once again global liquidity on 132 00:06:39.800 --> 00:06:43.600 the rise. Rates are being cut by the Fed. Obviously 133 00:06:43.639 --> 00:06:46.120 they just cut by twenty five basis points and there's 134 00:06:46.120 --> 00:06:50.720 more cuts that are scheduled. So I think the table 135 00:06:50.800 --> 00:06:53.240 is being set here for the bull market to continue. 136 00:06:53.399 --> 00:06:56.399 And once again we already see global liquidity is breaking 137 00:06:56.480 --> 00:07:00.000 into new highs. So I think Arthur is spawn on here. 138 00:07:00.079 --> 00:07:02.079 This is something he's been tracking over the past couple 139 00:07:02.120 --> 00:07:04.399 of years as we've been in the bull market, and 140 00:07:05.319 --> 00:07:09.519 it's been on point right, So let's see. I don't 141 00:07:09.519 --> 00:07:12.199 know if the Fed's going to go full QWI like 142 00:07:12.279 --> 00:07:14.480 they have in the past, but they're doing pseudo qi 143 00:07:14.600 --> 00:07:19.720 working with the Treasury moving ahead, Coinbased CEO sets sites 144 00:07:19.759 --> 00:07:23.720 on replacing banks with crypto super app. So everybody is 145 00:07:23.759 --> 00:07:27.160 trying to set up these web three apps that offer 146 00:07:27.240 --> 00:07:30.879 all in one financial services and features and a lot 147 00:07:30.879 --> 00:07:33.279 of on chain services of course. And you know, I 148 00:07:33.319 --> 00:07:36.160 think it was Sandy Call of Franklin Templeton, who I've 149 00:07:36.160 --> 00:07:38.600 had on a podcast a few times, where she said, 150 00:07:38.600 --> 00:07:41.800 we're moving away from an account based setup, which would 151 00:07:41.839 --> 00:07:44.360 be like your banks, to a wallet based setup. And 152 00:07:44.839 --> 00:07:47.040 I think we all see the direction to Puck is 153 00:07:47.079 --> 00:07:51.519 heading here, where your digital identity, you're banking, you're on chain. 154 00:07:51.879 --> 00:07:54.800 All these things will be all wallet based and maybe 155 00:07:54.800 --> 00:07:57.680 in one app. So we'll see who is able to 156 00:07:57.759 --> 00:08:01.639 build that respective app and how they're able to roll 157 00:08:01.639 --> 00:08:03.279 it out to the masses. So let me give it 158 00:08:03.279 --> 00:08:06.240 to details. Speaking during a recent interview with Fox Business, 159 00:08:06.279 --> 00:08:10.120 Brian Armstrong, Coinbased CEO, confirmed the company's plans to offer 160 00:08:10.319 --> 00:08:13.600 a full suite of financial services with payments to credit 161 00:08:13.600 --> 00:08:17.879 cards and rewards, all powered by crypto rails. Here's a quote. Yes, 162 00:08:18.319 --> 00:08:20.759 we do want to become a super app and provide 163 00:08:20.800 --> 00:08:24.079 all types of financial services. Armstrong said, we want to 164 00:08:24.120 --> 00:08:27.399 become people's primary financial account, and I think that crypto 165 00:08:27.839 --> 00:08:32.440 has a right to do that. So coinbase is positioned 166 00:08:32.559 --> 00:08:34.320 to be able to do this. They have the brand, 167 00:08:34.320 --> 00:08:37.559 they're public, they are the largest exchange in the United States, 168 00:08:37.960 --> 00:08:40.240 so you can imagine it's going to be easy for 169 00:08:40.279 --> 00:08:42.440 them to push this type of app because they have 170 00:08:42.480 --> 00:08:45.399 a huge customer base. Plus they have the resource to 171 00:08:45.440 --> 00:08:47.480 really market this app, and they already do a lot 172 00:08:47.519 --> 00:08:50.279 of great marketing. Many of you have seen the TV 173 00:08:50.360 --> 00:08:54.360 commercials and they're usually around in sports arenas, like I 174 00:08:54.399 --> 00:08:56.480 watch a lot of basketball games the NBA and I 175 00:08:56.519 --> 00:09:01.960 see coinbas ads plastered in the arena and much more so. Clearly, 176 00:09:02.200 --> 00:09:05.200 right the direction things are heading in is that it's 177 00:09:05.240 --> 00:09:09.000 going to be wallet based on chain, so very very exciting. 178 00:09:09.799 --> 00:09:12.720 Now look at this Bitco files for a US IPO 179 00:09:12.840 --> 00:09:16.679 with ninety billion dollars in assets under custody. This is 180 00:09:16.679 --> 00:09:19.960 going to be another big IPO. Another confirmation item here 181 00:09:20.000 --> 00:09:21.639 that we are in a bull market. No one does 182 00:09:21.639 --> 00:09:24.080 an IPO in a bear market, right when liquidity is 183 00:09:24.159 --> 00:09:28.639 dried up. So we've been seeing a flurry of crypto 184 00:09:28.679 --> 00:09:31.639 companies go public, which is very bullish. It reminds me 185 00:09:31.720 --> 00:09:34.759 of the Dot com boom in the nineties. Will everything 186 00:09:34.840 --> 00:09:39.159 be successful? Obviously not right. The history and the nature 187 00:09:39.200 --> 00:09:43.000 of markets shows us that certain companies will do well 188 00:09:43.039 --> 00:09:45.200 and some will not. Write but that's the nature of 189 00:09:45.240 --> 00:09:47.720 markets and the economy. Now, I'm not saying that for Bitco. 190 00:09:47.799 --> 00:09:50.159 I actually think Bigco is going to be successful. They 191 00:09:50.200 --> 00:09:53.039 are custodian from many of the big institutions in the 192 00:09:53.080 --> 00:09:56.639 crypto industry, and this would be a really big IPO. 193 00:09:56.840 --> 00:09:58.360 You know, just about a week and a half ago 194 00:09:58.679 --> 00:10:02.000 Gemini went public and was bullish. Of course, of course 195 00:10:02.039 --> 00:10:05.000 Circle was a big one, so this would be really big. 196 00:10:05.080 --> 00:10:08.320 So crypto custody firm Bitco has filed for a US 197 00:10:08.320 --> 00:10:11.759 initial public offering, also known as IPO, aiming to capitalize 198 00:10:11.799 --> 00:10:15.279 on the renewed institutional demand for digital asset infrastructure under 199 00:10:15.279 --> 00:10:18.360 the Trump administration. The firm aims to list its Class 200 00:10:18.399 --> 00:10:20.919 A common stock on the New York Stock Exchange under 201 00:10:20.960 --> 00:10:25.080 the ticker symbol BTGO. According to its Form S one 202 00:10:25.120 --> 00:10:29.559 registration with the SEC dated Friday, the Palo Alto based 203 00:10:29.559 --> 00:10:34.200 company reported approximately ninety point three billion dollars in assets 204 00:10:34.240 --> 00:10:37.039 on its platform as of June thirty, twenty twenty five. 205 00:10:37.440 --> 00:10:40.679 Its client based spans over forty six hundred entities and 206 00:10:40.759 --> 00:10:44.639 more than one point one million users across one hundred countries. 207 00:10:45.200 --> 00:10:48.960 So bitco supports over one four hundred digital assets and 208 00:10:49.039 --> 00:10:53.080 serves a mix of crypto native firms, financial institutions, governments, 209 00:10:53.080 --> 00:10:56.639 and high net worth individuals. The firm also touts two 210 00:10:56.720 --> 00:11:00.559 hundred and fifty million dollars in insurance coverage and completion 211 00:11:00.759 --> 00:11:03.840 of SoC one and SOFT two audits. So I know 212 00:11:03.879 --> 00:11:06.840 bitgo very well. It's headed up by Mike Belshie who's 213 00:11:06.879 --> 00:11:09.759 the founder and CEO. And Mike Belshe is a Web 214 00:11:09.960 --> 00:11:12.480 two point zero legend. The man was at Google building 215 00:11:12.480 --> 00:11:16.399 Google Chrome and much more so a big fan of 216 00:11:16.440 --> 00:11:19.039 bit go and I'm really looking forward to seeing this 217 00:11:19.120 --> 00:11:21.159 company go public. I'll try to get Mike back on 218 00:11:21.200 --> 00:11:25.320 the podcast I've had him on many years. But exciting times, folks, 219 00:11:25.399 --> 00:11:29.600 Really great to see these companies going public. Final news 220 00:11:29.600 --> 00:11:34.000 item here is Senate Democrats push bipartisan authorship process for 221 00:11:34.120 --> 00:11:37.679 crypto market structure built. So, of course many of you 222 00:11:37.720 --> 00:11:40.159 know the Clarity Act. The market Structure bill is in 223 00:11:40.279 --> 00:11:43.799 the Senate ready to be marked up, voted on, and 224 00:11:43.879 --> 00:11:46.639 much more. Now it's a whole process, right. If you 225 00:11:46.679 --> 00:11:49.120 guys remember with the Genius Act, there were so many 226 00:11:49.279 --> 00:11:52.440 hurdles and votes. You know, through the process. It's kind 227 00:11:52.440 --> 00:11:54.960 of painstaking, but that's how it's done. That's how the 228 00:11:55.000 --> 00:11:58.120 sausage is made. But this thing gets past, you know, 229 00:11:58.159 --> 00:12:00.840 it's going to be exciting. I actually interviewed Congressman Tom 230 00:12:00.840 --> 00:12:03.279 Member last week. I'll be publishing the interview in the 231 00:12:03.320 --> 00:12:06.600 morning where we talk about the timeline, what's the process, 232 00:12:06.639 --> 00:12:08.799 what does it look like, in addition to other things. 233 00:12:09.159 --> 00:12:12.799 So he's optimistic this can get done this fall. I 234 00:12:12.799 --> 00:12:14.799 don't think it's going to happen in October. Based on 235 00:12:14.840 --> 00:12:17.840 what he's saying, It's most likely going to be probably 236 00:12:18.000 --> 00:12:21.519 late November into early December. I think that's the realistic 237 00:12:21.559 --> 00:12:26.159 thing because Congress government doesn't work, you know, on time. 238 00:12:26.480 --> 00:12:30.279 They're often slow. Plus you have government shut down things 239 00:12:30.320 --> 00:12:32.159 that are going to be coming up. So it's your 240 00:12:32.200 --> 00:12:37.120 typical stuff in DC. So, twelve Senate Democrats released a 241 00:12:37.200 --> 00:12:41.200 statement on Friday pressing their Republican colleagues to agree to 242 00:12:41.279 --> 00:12:45.080 a bipartisan authorship process for the crypto Market Structure legislation 243 00:12:45.440 --> 00:12:48.600 currently making its way through Congress. The Democrats won a 244 00:12:48.639 --> 00:12:52.919 greater role in writing the legislation rather than providing comments 245 00:12:52.960 --> 00:12:56.240 on a GOP written bill Politico Report. I don't have 246 00:12:56.279 --> 00:12:58.799 a problem with this. I think the Democrats need to 247 00:12:58.840 --> 00:13:01.960 play a bigger role in I think that's important right 248 00:13:01.960 --> 00:13:04.240 for our democracy, that you have these people weigh in. 249 00:13:04.720 --> 00:13:07.960 If you recall, did twelve Democrats that are mentioned here, 250 00:13:08.000 --> 00:13:10.519 they did introduce their own version of the bill. So 251 00:13:10.960 --> 00:13:12.759 I think it's important for them to bring their ideas 252 00:13:12.799 --> 00:13:14.919 to the table, even if some of it we don't like, 253 00:13:15.360 --> 00:13:18.480 but at least let them feel like they are participating, 254 00:13:18.559 --> 00:13:22.679 giving ideas and maybe bring some balance. Right. But you know, 255 00:13:22.679 --> 00:13:26.159 obviously if they're putting stuff that doesn't make sense for crypto, 256 00:13:26.480 --> 00:13:29.240 we can't have it. So you know, if Elizabeth Warren is, 257 00:13:30.080 --> 00:13:32.399 you know, influencing this group in any way, you know 258 00:13:32.480 --> 00:13:35.600 it's not going to be good. But I'm optimistic because 259 00:13:35.639 --> 00:13:38.159 we saw the Democrats partner with their colleagues to get 260 00:13:38.200 --> 00:13:41.320 the Genius Act through. In addition, in the House they 261 00:13:41.320 --> 00:13:43.840 were able to get the Market Structure bill. There seventy 262 00:13:43.879 --> 00:13:47.440 one Democrats joined the Republicans. So I'm optimistic going to 263 00:13:47.480 --> 00:13:50.240 get this done. And it is much harder in the Senate. Right, 264 00:13:51.799 --> 00:13:53.799 not too many bills make it through the Senate, but 265 00:13:54.240 --> 00:13:56.720 I think we can get it done. Crypto's I think 266 00:13:56.759 --> 00:14:00.080 a high priority for these folks. I think many of 267 00:14:00.159 --> 00:14:03.200 them would become educated, especially a lot of Democrats. And 268 00:14:03.279 --> 00:14:07.120 Elizabeth Warren is no longer in the same power capacity, 269 00:14:07.159 --> 00:14:08.600 if you want to call it that. You know, no 270 00:14:08.679 --> 00:14:11.960 more Gary Ginser and no more Charad Brown. So I 271 00:14:12.000 --> 00:14:16.080 think the Democrats who were wanting to support Crypto were 272 00:14:16.080 --> 00:14:18.799 holding off because of Elizabeth Warren. You know the amount 273 00:14:18.840 --> 00:14:21.279 of power she had on the Diviner administration. But now, 274 00:14:21.279 --> 00:14:23.840 of course Elizabeth Warren and Gary Ginzer are being defeated, 275 00:14:24.360 --> 00:14:27.799 and we saw how the election results played out. So 276 00:14:27.879 --> 00:14:30.440 I don't think these Democrats want to play any games 277 00:14:30.440 --> 00:14:34.679 here going against Crypto. That's the wrong side of history 278 00:14:34.759 --> 00:14:37.919 to be on. So I'm optimistic they can get this done. 279 00:14:38.000 --> 00:14:40.919 But I think any hope of it getting done in 280 00:14:40.960 --> 00:14:44.559 October is out the window, according to what Congressman Tom 281 00:14:44.600 --> 00:14:46.679 Members said. But anyway, you guys can check out on 282 00:14:46.679 --> 00:14:49.360 an interview in the morning. But guys, I think this 283 00:14:49.399 --> 00:14:51.720 is going to be a huge narrative in addition to 284 00:14:51.799 --> 00:14:55.840 liquidity and the Q four. You know, kind of seasonality 285 00:14:55.879 --> 00:14:58.159 that we see with market. So I think things are 286 00:14:58.240 --> 00:15:00.639 leading up here to fedes cut rates. A lot of 287 00:15:00.720 --> 00:15:04.440 important factors that will be good for a rally are 288 00:15:04.440 --> 00:15:07.559 happening here. And I think once this goes into law 289 00:15:07.559 --> 00:15:10.559 assigned by President Trump, it's going to be so bullish 290 00:15:10.559 --> 00:15:13.799 for this market, not just for the immediate or even 291 00:15:13.840 --> 00:15:16.519 twenty twenty six, but I'm talking the next bullmarket because 292 00:15:16.519 --> 00:15:18.720 you can imagine drenking a bear market. A lot of 293 00:15:18.720 --> 00:15:20.879 company are going to build, they have the clarity, and 294 00:15:20.919 --> 00:15:24.639 they're going to set up for the next massive bull market. So, folks, 295 00:15:24.799 --> 00:15:27.639 exciting times. I know the price doesn't reflect that yet, 296 00:15:27.679 --> 00:15:31.799 but it will, right. Don't be emotional, be educated. So folks, 297 00:15:31.840 --> 00:15:33.120 that's the news. Let me know what you think. Leave 298 00:15:33.159 --> 00:15:35.399 your thoughts and comments below hit the thumbs up button. 299 00:15:35.600 --> 00:15:37.759 A great way you can support me is by subscribing 300 00:15:37.759 --> 00:15:40.600 to my free email newsletter. It is one hundred percent free. 301 00:15:40.639 --> 00:15:43.559 I will be putting out a newsletter tomorrow. Check out 302 00:15:43.559 --> 00:15:46.320 my book on Amazon. It's available in paperback, in digital, 303 00:15:46.440 --> 00:15:50.200 and my course at Mycrypto course dot com. Expand your 304 00:15:50.240 --> 00:15:53.120 knowledge about this technology and asset class. Check out this course. 305 00:15:53.440 --> 00:15:56.000 It is packed with tons of value. Folks, thank you 306 00:15:56.039 --> 00:15:58.720 so much for watching and listening. I appreciate you all, 307 00:15:59.039 --> 00:16:00.759 and I'll talk to you later.