Speaker 1: Hey, folks, welcome into the Thinking Crypto podcast. I'm your host,
Speaker 1: Tony Edward.
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Speaker 2: Folks.
Speaker 1: I'm still in Prague. Today was the Treasure event where
Speaker 1: they announced a new device, and I'll tell you more
Speaker 1: about that later, but I'm recording out of my hotel room,
Speaker 1: so apologies about the video and the sound quality. When
Speaker 1: I return back to the States, I will be in
Speaker 1: my studio with a proper mic and so forth. But
Speaker 1: you know, there's some big crypto news that you need
Speaker 1: to know about, so make sure you watch and listen
Speaker 1: to the end. Let's start with the price of bitcoin,
Speaker 1: because we're seeing a lot of positive signs here. Yesterday
Speaker 1: we highlighted that bitcoin was starting to move up and
Speaker 1: that the price crossed over the two hundred day moving average,
Speaker 1: which is very good.
Speaker 2: The rssign the chart is.
Speaker 1: Moving away from the over soul zone and the mac
Speaker 1: D showing the bears are losing momentum. Bigcoin today touched
Speaker 1: one hundred and fourteen thousand. Now, as I said yesterday,
Speaker 1: we are not out of the woods yet, so I
Speaker 1: want to make sure you are prepared for downside volatility
Speaker 1: because we know the market can fake us out. But
Speaker 1: as I've been saying, the macro thesis is that we
Speaker 1: are still an ebuligate and despite these short term volatility
Speaker 1: and downsides and people getting emotional and fearful and much more,
Speaker 1: the macro thesis has not been invalidated. So very good
Speaker 1: sign here. Another major positive sign is that gold is
Speaker 1: starting to correct, folks, So it's pulling back. You know,
Speaker 1: just last week I was talking about gold being overbought,
Speaker 1: super overheated. It's RSI extended for a very long time,
Speaker 1: unlike anything we've seen in the past. And you know,
Speaker 1: I said gold was possibly in a blow off top.
Speaker 1: So here's your correction. Now, this could be a local
Speaker 1: top and or it could be a blow off top.
Speaker 1: We'll just have to wait and see.
Speaker 2: You know.
Speaker 1: Some of the other factors I was highlighting is that
Speaker 1: people were lining up around the globe.
Speaker 2: To sell gold much more.
Speaker 1: And when you see things like that, it's a sign
Speaker 1: of retail euphoria, which we usually see online or in
Speaker 1: the media and Google trend searches for bitcoin, crypto, and
Speaker 1: the stock market as well. Sold the mac D on
Speaker 1: the daily chart shows bulls are losing momentum and as
Speaker 1: I mentioned, the RSI moving away from the overbot zone
Speaker 1: once again. This could be a local top or a
Speaker 1: blow off top. Regardless, we could see rotation back into
Speaker 1: crypto and stocks. So in my recent newsletter, if you
Speaker 1: haven't signed up, make sure you're signed up.
Speaker 2: It's free, I.
Speaker 1: Shared a chart showing the correlation between the gold and
Speaker 1: bitcoin price and when bitcoin's pumping, gold is flat. When
Speaker 1: gold is pumping, bitcoin is in a corrective phase. Same
Speaker 1: thing we're seeing right now. So the correlation continue here
Speaker 1: is not guaranteed, right. I always want to make sure
Speaker 1: that I'm fair and I'm not delusional.
Speaker 2: So this is a positive sign.
Speaker 1: Let's see how it plays out, right, I do believe
Speaker 1: it has a high probability of playing out versus not.
Speaker 1: So you're seeing about in bitcoin and gold pulling back.
Speaker 1: Very interesting, right, So these are the things I've been
Speaker 1: sharing with you guys. Again, if you just look at
Speaker 1: the data and you don't get emotional about it, you're
Speaker 1: not caught up in the feelings of this person, said
Speaker 1: this and that just showed me the data and what
Speaker 1: is it telling me?
Speaker 2: What stories it telling me?
Speaker 1: Right? And I've been saying, guys, we are in a
Speaker 1: macro bull market for all assets. I've been saying that
Speaker 1: beating that drum where all of this is following global liquidity,
Speaker 1: and global liquidity.
Speaker 2: Itself shows us we have more room to run.
Speaker 1: So real estate, precious metals, crypto stocks all hitting new highs.
Speaker 2: Why is that? It's all following liquidity?
Speaker 1: And you know, a great example in regards to real estate,
Speaker 1: we know the market is almost dead, right, There's not
Speaker 1: a lot of people buying and selling because rates are
Speaker 1: high and a lot of people have been sitting on
Speaker 1: low rates since twenty twenty when the FED cut rates
Speaker 1: down to zero essentially, right, So why the hell what
Speaker 1: people want to sell?
Speaker 2: But yet the prices keep going up. So this is
Speaker 2: a supply and demand thing here.
Speaker 1: This is liquidity rising because of the basement of currency
Speaker 1: and inflation of course, and asset prices are going up.
Speaker 1: This is why you got to allocate to assets. And
Speaker 1: as Paul Tudor Jones said, bitcoin and crypto are the
Speaker 1: fastest horses and the asset race. Now some very bullish
Speaker 1: news coming out of the Federal Reserve Payments Innovation Conference today.
Speaker 1: If you guys recalled, I reported on this and I
Speaker 1: mentioned a lot of crypto companies were going to be attending.
Speaker 1: So Ellen was on site and she gave the following updates.
Speaker 1: Governor Chris Waller announced the Central Bank is proposing a
Speaker 1: new type of limited access Master account, or what he
Speaker 1: calls a skinny Master account, for all illegally eligible institutions
Speaker 1: to receive direct access to defense payments rails so they
Speaker 1: don't have to rely on partner banks. With this setup,
Speaker 1: they wouldn't access all the services of a full account,
Speaker 1: like the ability to borrow from the FED. Importantly, every
Speaker 1: legally eligible entity could get one, and the legal rules
Speaker 1: where eligibility wouldn't change. Essentially, this new master account light
Speaker 1: would allow the FED to green light innovative banks, including FinTechs,
Speaker 1: stable coin issuers, and other payment companies. This is a
Speaker 1: big deal for companies like Custodia Bank, that's Caitlin Long
Speaker 1: and crack In Exchange, which I've spent years trying to
Speaker 1: get a FED Master account with Custodia, even taking the
Speaker 1: FED to the court.
Speaker 2: It could also speed up.
Speaker 1: Access for companies like Ripple and Anchorage, which applied this year. Folks,
Speaker 1: step back and think about this. The FED is on
Speaker 1: board and the banks are on board, and you know
Speaker 1: we're going to see crypto companies become banks. There are
Speaker 1: these neo banks, right, and we know folks like coinbased,
Speaker 1: Ripple and others have been talking about plans to do this.
Speaker 1: So I hope you see the direction the puckets heading
Speaker 1: in and that central banks are on board. Just last week,
Speaker 1: what did I share with you, The IMF director said, Right,
Speaker 1: that's a huge capitulation moment. So you get these central
Speaker 1: bankers and all these folks on board, and they are
Speaker 1: now opening up the doors and allowing these crypto companies
Speaker 1: to participate.
Speaker 2: All of this will lead to.
Speaker 1: The growth and maturation of the acid class. More liquidity,
Speaker 1: more building, more infrastructure, more users. So very bullish news
Speaker 1: here and one statement Governor the FED. Governor Waller said
Speaker 1: in his opening remarks at the fed's Payment Innovation Conference.
Speaker 1: He says, this is an acknowledgment that DLT, talking about
Speaker 1: distributed ledger technology and crypto assets are no longer on
Speaker 1: the fringes, but are increasingly woven into the fabric of
Speaker 1: the payment and financial system.
Speaker 2: Folks.
Speaker 1: This is incredible. These are not statements to be taken lightly.
Speaker 1: They are coming from the Federal Reserve, the Central Banks
Speaker 1: of the United States, and other central bankers around the
Speaker 1: world doing the same and earning bullish. So we are
Speaker 1: seeing capitulation across the board. This is just incredible, and
Speaker 1: this is why I'm not only bullish on this cycle,
Speaker 1: but future bull markets as well. We're still in the
Speaker 1: early innings, you know, compared to other asset classes like
Speaker 1: precious metals, like stocks and much more.
Speaker 2: This is amazing.
Speaker 1: And we also got another report here from Eleanor Terrott
Speaker 1: that crypto and AiZ are David Sachs is scheduled to
Speaker 1: meet tomorrow with Republican members of the Senate Banking Committee
Speaker 1: to stress the importance of advancing the market structure out
Speaker 1: of the committee this year and address concerns from like
Speaker 1: Senator John Kelly, who have publicly expressed reservations about the process.
Speaker 1: The meeting comes amid a flurry of crypto activity on
Speaker 1: the Hill tomorrow, including two industry roundtables, one hosted by
Speaker 1: Senator Kirsten Gillibrand and the other by Senator Tim Scott.
Speaker 1: Both Republican and Democrats. Sources I spoke with see the
Speaker 1: gatherings as positive momentum to our restarting bipartner negotiations that
Speaker 1: have stalled.
Speaker 2: In recent days.
Speaker 1: Folks, remember just yesterday I told you about the Democrats,
Speaker 1: the Senate Democrats meeting with Crypto see executives, Sea level executives.
Speaker 1: So things are progressing, guys. I'm still optimistic that this
Speaker 1: market structure build the Clariac will get passed by December.
Speaker 1: If you recall, I interviewed Congressman Tom Emer about a
Speaker 1: month and a half ago. That was his timeline, So
Speaker 1: I think that's more realistic. You know, government moves slow,
Speaker 1: you get the government shut down and all the political nonsense,
Speaker 1: but it is what it is. But guys, we're seeing
Speaker 1: some good signs here. This is very very positive. Now,
Speaker 1: going back to the bullmarket thesis, right that the bullmarket's
Speaker 1: not over. This is one of the items as to
Speaker 1: why I believe the bullmarket's not over. In addition, you
Speaker 1: have these huge narratives and milestone moments that why the hell.
Speaker 2: Would you do that in a bear market.
Speaker 1: You're going to do it now in the bull market
Speaker 1: and catch the momentum and much more. Right, if we
Speaker 1: know how Wall Street and and the government's tied together. Here,
Speaker 1: you think Larry Fink is wanting to do this in
Speaker 1: a bear market. No, he's looking to make as much
Speaker 1: returns on his investments. He's ETFs and much more so.
Speaker 1: Put it all together. See the puzzle pieces, right, Just
Speaker 1: step back, don't be emotional. Just look at what's happening.
Speaker 1: And it's pretty clear where things are headed. And this
Speaker 1: thing is not over now. There will be a point
Speaker 1: where we will have that blow off top and I
Speaker 1: will turn bearersh and I'll say I'll be on here, guys,
Speaker 1: it's done.
Speaker 2: It's done, right, that's it.
Speaker 1: Let's wait for the market to start correcting deeply so
Speaker 1: that we can back up the truck and buy the
Speaker 1: dips and get ready next bull market. So this is
Speaker 1: very good and I think once get a huge catalyst now, folks.
Speaker 1: This episode is brought to you by Treasure. I mentioned
Speaker 1: earlier I am in Prague for the Treasure event and
Speaker 1: today was amazing. They released the new hardware wallet called
Speaker 1: the Treasure Safe seven. It's amazing. I got to play
Speaker 1: around with it. It's a beautiful device and it is
Speaker 1: quantum resistant, it is a wireless you know, as far
Speaker 1: as connectivity, it's water resistant, it has a brand new
Speaker 1: chip that improves security.
Speaker 2: It's a beautiful.
Speaker 1: Device, so easy to use, and I think some of
Speaker 1: you may have seen the images and the videos I posted.
Speaker 2: Is just amazing.
Speaker 1: And they even updated the Treasure Sweet software, so it
Speaker 1: used to be Treasure Sweet Light. Now it's fully Treasure Sweet.
Speaker 1: And this allows you to easily manage your crypto and
Speaker 1: of course Treasure they support all the top tokens guys, Bitcoin,
Speaker 1: etherorem ICs are Piece Alana, new tokens such as black Rocks, Biddle.
Speaker 1: So I believe Treasure really raised the bar here setting
Speaker 1: a new standard for hardware wallets and many of you know,
Speaker 1: I believe in self custody and you know, one of
Speaker 1: the cool things about Treasures devices since day one, they
Speaker 1: pioneered this. By the way, they started this in twenty thirteen,
Speaker 1: the hardware walls are open, so anyone can view the
Speaker 1: code out there. And that's how confident they are in
Speaker 1: their setup and security that you can go look at
Speaker 1: the code and see if you find any flaws or
Speaker 1: anything's wrong, right, So that's a really great feature. It's
Speaker 1: not a closed off environment where you don't know what's happening.
Speaker 1: So this again just amazing what Treasure is built here
Speaker 1: and this device, like I said, just blows it out
Speaker 1: the water. So guys, if you'd like to check out
Speaker 1: the Treasures Safe seven, you can pre order one on
Speaker 1: Treasure's website link will being a description, and of course
Speaker 1: you can always use my code thinking Crypto all one
Speaker 1: where thinking Crypto to get five percent off.
Speaker 2: So folks, check it out. Brand new hardware, wallets.
Speaker 1: Topper line, quantum resistant and much more beautiful device. Check
Speaker 1: out the link in the description, folks. Coinbase continues to
Speaker 1: hire companies. They are on a mission man to build
Speaker 1: an incredible business and company here and you know their
Speaker 1: goal is to build like a super app and do
Speaker 1: some amazing things. And here they've acquired Echo, which is
Speaker 1: the leading on chain capital raising platform, and they acquire
Speaker 1: this company for three hundred and seventy five million dollars.
Speaker 1: So Echo's platform makes raising and investing more accessible to
Speaker 1: community members, either through a private Echo sale or a
Speaker 1: public sale that uses sonar. By joining forces, we're making
Speaker 1: it easier for companies to raise funds and grow and
Speaker 1: giving the community, early access to unique investment opportunities. Man,
Speaker 1: Coinbase just continues to blow it out the water here
Speaker 1: with these amazing acquisitions. They're doing a lot. Most recently,
Speaker 1: of course, they partner with Samsung. They now have like
Speaker 1: bitcoin loans. I recently interviewed someone from coinbase and that
Speaker 1: interview is going to be published soon where we went
Speaker 1: through a lot of these things.
Speaker 2: So huge news.
Speaker 1: Here, all right, moving ahead, Brail has integrated the XRP
Speaker 1: Ledger to solve the biggest payment pain point, moving regulated
Speaker 1: value easily. So Brail says here on their profile, create
Speaker 1: your own stable coin, So Ripple said here in a tweet.
Speaker 1: Now businesses can issue USD back stable coin settler LUSD
Speaker 1: and use the XRPL built in authorized trust lines and
Speaker 1: compliance features all through the API. So really really great
Speaker 1: here the folks that Braille said, we're thrilled to share
Speaker 1: that regulated stable coins are.
Speaker 2: Now live on the XRP Ledger. So to all the
Speaker 2: haters who said no one's going to use the XRP leger,
Speaker 2: made you know all that right, look at the adoption
Speaker 2: that's happening.
Speaker 1: And I often tell you guys, go to r WA
Speaker 1: dot xyz and look at what is happening on the
Speaker 1: XRP ledger in addition to other blockchains. Right, but the
Speaker 1: XRP ledger was pretty much had its hand tied behind
Speaker 1: its back because of the ripple loss. Now that's done,
Speaker 1: you're seeing a lot of building and expansion.
Speaker 2: So this is very bullish. If you hold.
Speaker 1: XRP, you're seeing building activity, volume, and much more. Final
Speaker 1: lose item here and this is around bitcoin mining company Hive.
Speaker 1: Many may recall I was with Hive at an event
Speaker 1: where they closed the market at the nattack.
Speaker 2: This was earlier in the year.
Speaker 1: So Hive to expand bitcoin mining capacity in Paraguay as
Speaker 1: one of the few bitcoin miners still growing hash rate.
Speaker 1: So I think a lot of miners are preparing for
Speaker 1: more demand for bitcoin, you know, with ETFs countries to
Speaker 1: establish strategic reserves and much more. And Hive is doing
Speaker 1: a great job via one of the leading bigpoint miners
Speaker 1: using renewable energy. So let me give some of the
Speaker 1: details here. So they're expanding their hydro electric power data
Speaker 1: center campus in Paraguay. The move is part of hives
Speaker 1: Phase three expansion of its renewable capacity in the country,
Speaker 1: expanding its output to one hundred megawatts. The buildout is
Speaker 1: expected to begin in early twenty twenty six and could
Speaker 1: be completed by the third quarter.
Speaker 2: Here's a quote.
Speaker 1: Management expects this edition also powered by renewable hydro electric
Speaker 1: energy from the e TOPPU dom I butchered that, but
Speaker 1: it's a dam to be the largest facility of its
Speaker 1: kind in Paraguay and to increase Hive's global point target
Speaker 1: to thirty five x the hash per second. In twenty
Speaker 1: twenty six, the company wrote huge news, huge news here.
Speaker 1: I don't hold the Hive stock. It's not possible to
Speaker 1: invest in anything. But you know, if I had the
Speaker 1: capital I wanted to allocate, this would be one of
Speaker 1: the companies I would certainly invest in. Not financial advice,
Speaker 1: you know, do your own research. But they're doing some
Speaker 1: big things, guys. And bitcoin miners are ramping up and
Speaker 1: they're going to places where there's low cost energy and
Speaker 1: using renewable energy as the demand for bitcoin continues to grow.
Speaker 2: Folks, that's the news. Let me know what you think.
Speaker 1: Leave your thoughts and comments below hit the thumbs up button.
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Speaker 1: know about crypto folks.
Speaker 2: Thank you for tuning in.
Speaker 1: I appreciate all, and I'll talk to you all later