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Speaker 1: Hey, folks, Welcome into the Thinking Crypto podcast. You're home

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for cryptocurrency news and interviews. I'm your host, Tony Edward.

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On your way in. Please hit that subscribe button as

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well as the thumbsup button and leave a comment below.

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If you're listening on a podcast platform such as Spotify

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or Apple, please be sure to follow and leave a

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five star rating. For those of you who are watching

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on video, you can tell I am not in my studio.

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I'm currently in Las Vegas recording from my hotel room.

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I'm attending the Money Show Las Vegas event where I'm

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talking about crypto. In fact, today I did a session

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talking about tokenization. So I wanted to get you guys

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an update on the Claritiac and the market because we're

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seeing some positive updates there. Let's get a bitcoin charts, okay, folks.

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Right now bitcoin trading over sixty five thousand dollars currently

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at sixty five and twenty three dollars, so we're seeing

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the continuation of this relief rally. We've been tracking where

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we've highlighted that there's a weekly bullish divergence on the chart,

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which is very good. On the daily chart, the mac

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D shows the bulls are in full control the mac

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d's and the green and the RSI has room to

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run there it is currently above the neutral zone. However,

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this is where I'm getting a little bit concerned because

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if this is just a relief rally and it takes

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us up to seventy seventy two K, will they reject

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it by the two hundred day moving average because we're

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still in that downtrend. Or is going to break through

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and confirm the bottom of the market now? Today I

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put out a newsletter with a lot of different metrics

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and factors that are confirming that the bottom is close,

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if not already in, such as the bitcoin supply in

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loss hitting levels that we've seen at previous bear markets.

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So we're really going to have to be patient and

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see what happens. Maybe we get some solid news around

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the Claritiact that pushes the market higher and it allows

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us to break through. But I think the rally is

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going to go higher. I think all coins are going

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to follow in many of the all coin charts actually

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look very bullish. No, nothing is guaranteed, so we have

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to be patient and wait for full confirmation. But as mentioned,

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the weekly chart has that beautiful bullish divergence which we've

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seen at previous bear market bottoms, so let's see if

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it has the strength again to break through the respective

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moving average. It's playing out accordingly. In fact, the mac

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D on the weekly just flipped bullish, so there was

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just a bullish cross. So another factor that's on our side,

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and the inverse of that the USDT stable coin dominance,

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and of course there's a bearish divergence that has been

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playing out there, so we're seeing confirmation on multiple fronts.

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This is very very good. In fact, Bitcoin with its

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current move appears to be playing out a Wyckoff accumulation schematic,

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and let's hope that it continues because this Wycoff accumulation

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schematic shows us going above ninety K. Now, there will

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be pullbacks along the way, but it's looking like potentially

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that this rally could take us into September, and obviously

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Q four is pretty much always for markets, so let's

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see right again, no guarantees here, but we can look

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at the data, the charts and the metrics and form

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our thesis. And right now we're seeing a lot on

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the side of the bottom is closed or has already

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been put in I love what analysts blockchain Backer shared

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on his x account. It's really good. He did an

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in depth breakdown on different metrics that he's looking at,

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saying the bottom is in. So first, he says, on

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chain data shows that bitcoin in the loss, the supply

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and loss has already hit the FTX crash levels up

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twenty twenty two and previous bear market levels. And of

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course Michael Saylor was forced to sell, so that's kind

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of catalyst. While you didn't have a collapse, I mean,

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it's not necessary that we must have a collapse, but capitulation, right,

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things like Michael Saylor having to sell, it's certainly a

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huge huch factor. He says here the technical behavior is

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the same as if FTX has already collapsed, after back

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testing the capitulation breakdown level from back in February, and

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he says the technical indicators are identical to that time

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period as shown here with XRP from twenty twenty. So

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he's also highlighting like the bullish divergence that I've been

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tracking as well. He says, the total market cap for

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this respective bear market is the same depths as twenty

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twenty two, including the actual FTX crash laps, landing on

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the three hundred week moving average, which held it during

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all past bears, including FTX and the pandemic COVID nineteen

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crash in March twenty twenty. So a lot of factors

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are lining up here indicating bottom is in or close.

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So even if there's one more flushdown, we're not going

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to thirty k for bigcoin. Don't get me wrong, I'm

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not saying it's not possible. I'm saying it's not probable,

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it's not highly probable. I believe the higher probability is

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on the side of this thing has already formed some

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sort of bottom. Even if Bitcoin wicks down to fifty

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two K or fifty K and then it starts moving out,

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because we're not far away from that, right, And it

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could be that after the move to seventy to seventy two,

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there is that rejection, it goes down to fifty then

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bounces and that's the true bottom, or again the bottom

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is in and we are starting the reversal, turning a

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corner into an uptrend. The other factor is long term holders.

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Bitcoin holders have capitulated and selling is now easing, so

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this is more signs of the bottom process forming here,

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so multiple data points and factors, not emotions. We all

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want the price to go up, but we got the

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data right, folks. So this is very very good. And

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something that's really good for this rally is Jim Kramer.

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He's turning bearer, so he says the market is looking miserable,

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so he's seeing a lot of negative things. We know

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what this means inverse, so expect the rally to continue

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and we'll see how things play out over the next

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week or so. Now, folks, quick word from our sponsor.

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Speaker 2: This episode is brought to you by Fortax. Guys, Let's

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a while now. A lot of people are just sitting

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on their coins waiting for the next big move. But

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while you're waiting, your crypto is just sitting in your

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wallet doing absolutely nothing. That's why I want to mention

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the flexibility to withdraw whenever you want. One of the

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building consistently for years. They focus on long term growth,

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transparency and security rather than hype. In a market like this,

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it makes far more sense to have your crypto working

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for you instead of letting it sit idle in your wallet.

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I've worked with fordestx for a long time and if

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you're planning to hold your crypto anyway, I genuinely think

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it's one of the smartest ways to put those assets

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to work. And folks, I know security is very important

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to all of us as we hold our crypto assets

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and they are fully audited by certain and they are

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sec registered and much more so. You've got to check

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out for X. Go to fordx dot fi slash x

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slash thinking crypto link will be in the description.

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Speaker 1: All right, folks, we have a big update around the Claritiac.

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So Eleanor Charity is reporting that she's hearing from multiple

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industry sources that the White House has agreed to an

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ethics package for the Claritiac and sent the language to

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certain Senate Republicans this afternoon. It's still unclear what the

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details of the agreement are, she says, each staff for comment,

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but the industry participants are hopeful this could clear the

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way for the updated bill text to be released soon.

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Now we know that Democrats are calling out Trump's crypto

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exposure and everything he has going on, right, so we've

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talked a lot about that, and there needs to be

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a larger ethics conversation because guess what elected officials, members

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of Congress can trade stocks, oil, gold, and emodities. It's

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not a crypto specific issue. Obviously, Trump has a mean

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coin in all these different things, which I wish he

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did not have. But this is what the situation is.

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And hopefully it's an ethics package that the Democrats agree

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to and he gets this bill done. Another good news

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here is Patrick quit, who was set to depart from

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his role to go back to services on the military side,

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says he's delaying that so he's going to stay on

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board to get this done. So he says, for the

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past year, I've worked diligently to get the claritiac passed,

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fulfilling President Trump's vision to make the US the crypto

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capital of the world. Last week it was reported that

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I was set to leave for mandatory training as part

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of my st in the Georgia Army National Guard, right

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before Clarity hits the Senate floor. While I remain committed

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to fulfilling my service obligation, I am grateful to report

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that my training has been deferred and that I will

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be able to see the effort through the end. Thanks

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to the President of the United States and David Saxsbury

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the opportunity to continue this important work, and to everyone

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who reached out last week, let's finish the job. So

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this is great. He's going to stay on to help

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get this through the finish line. And let's hope again, folks,

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we are able to get this done because certainly the

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ethics piece is a big headwind, and in addition to

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the banks, with the stable corn yield situation, now something

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that's really good. Senator Mark Warner, who's a Democrat and

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a very strong Democrat, but I really appreciate him, you know,

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being open minded. Last week at a hearing on July sixteenth, specifically,

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he said, I want this done. I'm tired of being

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in crypto hell. I want America to lead in digital assets,

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big statement coming from a Democrat, and we need more

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of this because we know Elizabeth Warren her MO she's

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not going to change her stance because she's getting those

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big fat checks on the banks. Right. This goes back

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to the Gary ginser days and much more. She's all

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out against crypto and we know why. But you need

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more Democrat voices like this coming on saying, look, let's

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get this done. Man. America needs to lead, not Republicans,

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not Democrats, America because this will create jobs, It will

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open up tons of opportunities for innovation and capital investment

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and much more to get all these things done. And

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having said that, guys, the backdrop of what's happening across

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the globe, it's incredible like the US is in danger

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of losing the leading position on crypto. Here's an example.

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Russia's State Duma to consider bill to regulate bigcoin in

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crypto tomorrow, the Tass reports. Here's a quote. Tomorrow will

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be pass asking the law in its second and third readings.

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It's aimed at creating the legal conditions for cryptocurrencies to

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function in our country. So you have Russia regulating crypto, right,

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it would be a shame if Russia is able to

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get this done before the United States. We know the

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EU has done it already. The UK from not mistaken,

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they got a version progressing in their parliament. And imagine

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these other countries get it passed before the United States. Right,

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what a shame. So our politicians need to get their

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act together. And this bill will help protect consumers, It

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will help provide guidance for businesses to know what they

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can and cannot do with the technology. And again, innovation

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can flourish and create jobs for people, So there's an

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economic aspect to this, and this we're in a global competition.

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So the Senate needs to get their act together. Many

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of you know the deadline is August seventh, because Congress

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goes on August recess and it's a midterm election year,

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so nothing's going to get done later this year. They

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have to do it now, and there's a potential if

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they don't get it done, this thing does not past

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for years now. One could argue, and I've heard this

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argument that the Democrats want to block it so that

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they can pass it when they take control of the House,

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and I'm sure they plan to take a lot out

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of the bill, and it won't be as friendly to

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defy and much more. But if you can get it

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done now, just like we got it done in the

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House last year, we passed the FIT twenty one, which

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is a version of the Claritiac in the House at

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a Democrat support, Let's hope we can get it through

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the Senate. And I love again what Mark Warner, Senator

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Mark Warner had to say top Democrat there. So fingers crossed, folks,

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and this bill making progress and passing the Senate could

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be really good for bitcoin and the crypto market for

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turning the corner and maybe given the confirmation that the

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bear market's over again, not guaranteed, we're talking probabilities here.

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I don't have a crystal ball. I can look at

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the charts, I can look at the reports around the

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Claritiac and just continue to monitor it closely. So I'm

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in the same boat with all of you. I've told

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you guys, though I am personally accumulating. I'm grabbing up

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some all coins around this area. Having the long term view.

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Of course, I'm gonna swing trade some of it, you know,

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buy the dipsl the rep right. So for example, xrpis

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I think is a good buyer. Right here, it's starting.

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I don't have the trend line drawn in my chart,

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but it's starting to break out a bit, right it

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could it go up to a dollar fifty or so,

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and then you know you put some money in here

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at a dollar eleven cents or ten cents and then

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sell a dollar fifty or dollar forty nine. You know

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you can make some money that way. Again, do your

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own research. You've got to understand the markets, cyclicalities and

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all that from the micro about the macro. So hopefully guys,

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Congress can get this done. Moving ahead, tokenization has become

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a strategic priority for eighty four percent of financial firms.

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A Broade survey found Wall Street is accelerating tokenization efforts

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while betting on hybrid markets where digital and traditional assets coexist.

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So we've talked a lot about the token economy. Today,

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I gave a presentation on the token economy and tokenization

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at the Money Show Las Vegas. And we're seeing all

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the major institutions around the globe are embracing this. So

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the survey two hundred North American and financial services executives

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suggest that the financial industries moving beyond experimenting with blockchain

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technology and beginning to prepare for a future which tokenized

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assets become part of everyday market infrastructure. So, guys, we've

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talked about it at nauseum. They're going to put stocks, bonds,

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real estates, everything on chain and you're going to have

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twenty four to seven markets, truly global and liquid markets.

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So that is where things are headed. And here's an

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example of that. Today we got news that the London

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Stock Exchange is going to launch round the clock trading

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to compete with twenty four to seven crypto platforms. This

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is from the Financial Times and again across the globe,

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stock exchange, banks, major investment firms, they're all on the

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same page. I reported to you guys just last week

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that the US and UK formed a partnership to align

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on tokenized assets and how they will all function cross

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border and much more in other countries are going to

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participate here, folks, So stay tuned. Big things happening. So

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let's see what the market does this week, Let's see

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how the Clarity Act progresses in the Senate, and hopefully

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we get some good news by the end of the week. Folks.

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I'll continue to give you guys the updates be sure

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to subscribe to my free email newsletter. It is one

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and free link will be in a description. As mentioned,

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I put a write up out today. Check it out.

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Includes a lot of the charts and things that I

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reference in this podcast. Grab a copy of my book

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on Amazon. It's available in paperback and digital, and check

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out my course at mycryptocurse dot com. Folks, thank you

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so much for tuning in. I appreciate you all, and

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I'll talk to you all later

