WEBVTT

1
00:00:05.000 --> 00:00:08.480
<v Speaker 1>Hey, everyone, welcome into the Thinking Crypto podcast. I'm your host,

2
00:00:08.519 --> 00:00:11.279
<v Speaker 1>Tony Edward. On your way in. Please sit that subscribe

3
00:00:11.279 --> 00:00:13.279
<v Speaker 1>button as well as the thumbs up button and leave

4
00:00:13.279 --> 00:00:16.039
<v Speaker 1>a comment below. If you're listening on a podcast platform

5
00:00:16.079 --> 00:00:18.719
<v Speaker 1>such as Spotify or Apple, please go ahead and follow

6
00:00:18.800 --> 00:00:21.559
<v Speaker 1>and leave a five star rating. Okay, folks, let's touch

7
00:00:21.600 --> 00:00:24.519
<v Speaker 1>on the price really quick here. For Bitcoin, we are

8
00:00:24.600 --> 00:00:27.600
<v Speaker 1>of course waiting for a relief rally from Bitcoin, which

9
00:00:27.600 --> 00:00:31.039
<v Speaker 1>the all coins will follow. However, that's not guaranteed, and

10
00:00:31.079 --> 00:00:33.039
<v Speaker 1>we're gonna have to watch and see what the stock

11
00:00:33.079 --> 00:00:35.119
<v Speaker 1>market and such as the S and P five hundred

12
00:00:35.159 --> 00:00:37.200
<v Speaker 1>and the NASDAC are going to do, because if they

13
00:00:37.240 --> 00:00:39.439
<v Speaker 1>start rolling over and correcting, you know, that's going to

14
00:00:39.479 --> 00:00:43.159
<v Speaker 1>put a damper on what crypto can do. But by

15
00:00:43.200 --> 00:00:47.280
<v Speaker 1>the textbook, we have been in extreme oversould conditions, extreme fear.

16
00:00:47.600 --> 00:00:50.280
<v Speaker 1>The extreme or the Fear and Greed index score has

17
00:00:50.320 --> 00:00:53.479
<v Speaker 1>been the lowest it's ever been lowered end the COVID

18
00:00:53.520 --> 00:00:56.719
<v Speaker 1>crash lowered than the FTX collapse in December twenty twenty two.

19
00:00:57.159 --> 00:01:00.600
<v Speaker 1>So it's pretty ridiculous how oversold in a stream these

20
00:01:00.640 --> 00:01:03.840
<v Speaker 1>things are. Sentiment is in the garbage and that's where

21
00:01:03.880 --> 00:01:05.920
<v Speaker 1>you know, the markets love to do the opposite of

22
00:01:05.920 --> 00:01:08.920
<v Speaker 1>the herd, because the herd right now, they have given

23
00:01:09.000 --> 00:01:12.519
<v Speaker 1>up on crypto. Right it's done, it's dead and all that.

24
00:01:12.599 --> 00:01:15.560
<v Speaker 1>But we know better, guys. Markets are cyclical, and even

25
00:01:15.840 --> 00:01:19.200
<v Speaker 1>though we had a lackluster bull market you know, over

26
00:01:19.239 --> 00:01:22.920
<v Speaker 1>the past two years or so with no major alcin season,

27
00:01:23.359 --> 00:01:26.599
<v Speaker 1>I'm still very bullish because this acid class is very young.

28
00:01:27.000 --> 00:01:30.519
<v Speaker 1>We haven't even gotten crypto regulation yet, right that is

29
00:01:30.560 --> 00:01:32.920
<v Speaker 1>still being crafted and you know it's in the Senate

30
00:01:33.000 --> 00:01:34.840
<v Speaker 1>and we're waiting for it to pass there and be

31
00:01:34.920 --> 00:01:37.680
<v Speaker 1>signed into law. So there's a lot of things that

32
00:01:37.719 --> 00:01:40.400
<v Speaker 1>have not been done yet. But institutions are bullish, and

33
00:01:40.480 --> 00:01:44.359
<v Speaker 1>you know, all the major detractors and naysayers have capitulated.

34
00:01:44.680 --> 00:01:47.920
<v Speaker 1>Just we need the regulation and then the macro conditions

35
00:01:47.920 --> 00:01:51.280
<v Speaker 1>to align together. So Bitcoin, We're going to wait to

36
00:01:51.319 --> 00:01:54.879
<v Speaker 1>see what the weekly closes tomorrow on Sunday, so I'll

37
00:01:54.879 --> 00:01:57.400
<v Speaker 1>give you guys an update tomorrow as well. Right now,

38
00:01:57.439 --> 00:02:01.000
<v Speaker 1>bitcoin is just below seventy k, So let's you know,

39
00:02:01.079 --> 00:02:04.239
<v Speaker 1>hope and pray and have our fingers crossed for a

40
00:02:04.480 --> 00:02:06.680
<v Speaker 1>relief rally and that could maybe just take us to

41
00:02:06.760 --> 00:02:09.840
<v Speaker 1>eighty eighty five K. My hope is it goes higher,

42
00:02:10.000 --> 00:02:12.680
<v Speaker 1>because the higher it goes, then we have more liquidity

43
00:02:12.719 --> 00:02:15.039
<v Speaker 1>going to the all coins, and we know all coins

44
00:02:15.039 --> 00:02:18.800
<v Speaker 1>typically outperform Bitcoin. I'm not saying we're going to new highs.

45
00:02:18.840 --> 00:02:22.879
<v Speaker 1>I'm just saying a relief rally, right, So that is

46
00:02:22.919 --> 00:02:26.800
<v Speaker 1>my hope and hopefully we get that, folks, So stay

47
00:02:26.800 --> 00:02:30.120
<v Speaker 1>tuned for more details as the week progresses. Now, it's

48
00:02:30.120 --> 00:02:33.800
<v Speaker 1>funny Scott Besson, the Secretary or the Treasury Secretary, he

49
00:02:33.919 --> 00:02:36.879
<v Speaker 1>was recently interviewed and he said crypto investor's sentiment will

50
00:02:37.039 --> 00:02:40.520
<v Speaker 1>rise once the Clarity Act is passed. I think so,

51
00:02:40.759 --> 00:02:42.960
<v Speaker 1>And you know, I think crypto we need to see

52
00:02:43.039 --> 00:02:45.599
<v Speaker 1>some sort of relief rally that will help people to

53
00:02:46.159 --> 00:02:48.879
<v Speaker 1>get out of the depression mo they're in. It doesn't

54
00:02:48.960 --> 00:02:51.599
<v Speaker 1>mean we can't roll over from that relief rally to

55
00:02:51.639 --> 00:02:54.280
<v Speaker 1>go to new low So just be careful there, right,

56
00:02:54.479 --> 00:02:55.840
<v Speaker 1>Just so you guys know, you got to keep that

57
00:02:55.919 --> 00:02:57.800
<v Speaker 1>in the back of your mind. But I think if

58
00:02:57.800 --> 00:03:00.439
<v Speaker 1>we are able to get this legislation bill through the

59
00:03:00.520 --> 00:03:03.759
<v Speaker 1>Senate and then you know, sign into law, certainly you're

60
00:03:03.800 --> 00:03:07.319
<v Speaker 1>going to start to see momentum build again. The sentiment

61
00:03:07.360 --> 00:03:10.599
<v Speaker 1>will certainly change. So I'm in agreement here. We need

62
00:03:10.639 --> 00:03:12.800
<v Speaker 1>to get this thing done and hopefully the banks and

63
00:03:12.840 --> 00:03:15.800
<v Speaker 1>the crypto industry can find a compromise to get this

64
00:03:15.840 --> 00:03:19.960
<v Speaker 1>thing done. But you know that may take another two months,

65
00:03:20.039 --> 00:03:21.759
<v Speaker 1>you know, just to get through the whole process. So

66
00:03:21.759 --> 00:03:24.120
<v Speaker 1>we're gonna have to be patient. Now here's some very

67
00:03:24.159 --> 00:03:27.400
<v Speaker 1>big news coming out from X, which is formally known

68
00:03:27.479 --> 00:03:31.240
<v Speaker 1>as Twitter. So Elon Muss is X to launch crypto

69
00:03:31.280 --> 00:03:34.280
<v Speaker 1>and stock trading in a couple of weeks. This is big.

70
00:03:34.360 --> 00:03:37.280
<v Speaker 1>It would be a huge, huge on rap Folks. We

71
00:03:37.319 --> 00:03:41.840
<v Speaker 1>know Elon, he personally holds crypto. His companies like SpaceX

72
00:03:41.879 --> 00:03:44.960
<v Speaker 1>and Tesla both hold bitcoin and their balance sheet. Elon

73
00:03:45.080 --> 00:03:48.479
<v Speaker 1>personally holds bitcoin, e Theorem and dogecoin. So we've heard

74
00:03:48.520 --> 00:03:50.960
<v Speaker 1>about this. You know. Elon wants to make X this

75
00:03:51.319 --> 00:03:53.960
<v Speaker 1>financial app all in one, kind of like what you

76
00:03:54.000 --> 00:03:56.599
<v Speaker 1>see in Asian markets. Would we chat if I'm not mistaken,

77
00:03:56.879 --> 00:03:59.199
<v Speaker 1>but he wants all these things to happen on X, right,

78
00:03:59.280 --> 00:04:01.719
<v Speaker 1>your the ability to trade, to have a wallet, to

79
00:04:01.719 --> 00:04:04.439
<v Speaker 1>be able to send money, so users will be able

80
00:04:04.479 --> 00:04:07.520
<v Speaker 1>to interact with ticker symbols and post and execute trades.

81
00:04:07.560 --> 00:04:11.000
<v Speaker 1>Within the app. The company head of products said, x Money,

82
00:04:11.039 --> 00:04:14.599
<v Speaker 1>the company's in house payments system, is preparing for an

83
00:04:14.639 --> 00:04:17.879
<v Speaker 1>external beta launch within one to two months. So could

84
00:04:17.959 --> 00:04:21.680
<v Speaker 1>this also dovetail with the Claritiac passing some sort of

85
00:04:21.720 --> 00:04:26.480
<v Speaker 1>relief rally right moving with stocks and crypto and so forth. Possibly,

86
00:04:27.560 --> 00:04:29.360
<v Speaker 1>But this would be big news once it's live. I

87
00:04:29.360 --> 00:04:33.279
<v Speaker 1>mean there's a huge, huge community on x around crypto

88
00:04:33.639 --> 00:04:37.040
<v Speaker 1>and not to mention other demographics, and that could really

89
00:04:37.040 --> 00:04:40.759
<v Speaker 1>bring a lot of people onto these or into these markets.

90
00:04:41.079 --> 00:04:44.160
<v Speaker 1>So the upcoming features described by the company's head a product,

91
00:04:44.240 --> 00:04:48.600
<v Speaker 1>Nikita Bier, will include smart cash tags. This will allow

92
00:04:48.680 --> 00:04:51.600
<v Speaker 1>users to interact with ticker symbols and post and execute

93
00:04:51.639 --> 00:04:56.279
<v Speaker 1>trades from the app. Very very interesting. So we shall

94
00:04:56.319 --> 00:04:59.639
<v Speaker 1>see how this rolls out and who they're working with

95
00:04:59.720 --> 00:05:04.079
<v Speaker 1>to get is done. But nevertheless, very big news and folks.

96
00:05:04.079 --> 00:05:06.279
<v Speaker 1>This episode is brought to you by Treasure, which makes

97
00:05:06.319 --> 00:05:08.759
<v Speaker 1>beautiful hardware wallets that make it easy for you to

98
00:05:08.800 --> 00:05:13.279
<v Speaker 1>safely store your crypto assets. I'm a user of Treasures devices,

99
00:05:13.319 --> 00:05:16.120
<v Speaker 1>the Save five and the Safe seven. I've been preaching

100
00:05:16.279 --> 00:05:18.920
<v Speaker 1>self custody for years. That's where I custody majority of

101
00:05:18.920 --> 00:05:22.399
<v Speaker 1>my Assets and Treasure. They were the ones who started

102
00:05:22.439 --> 00:05:24.560
<v Speaker 1>all of this. They created the hardware wallet and the

103
00:05:24.600 --> 00:05:27.800
<v Speaker 1>seed phrase setup, and their wallets are open source. So

104
00:05:27.879 --> 00:05:31.199
<v Speaker 1>their most recent device the Treasure Saved seven that is

105
00:05:31.279 --> 00:05:34.480
<v Speaker 1>quantum resistant. It has top of the line security and

106
00:05:34.600 --> 00:05:38.680
<v Speaker 1>much more. They support all the major crypto assets a Bitcoin,

107
00:05:38.759 --> 00:05:43.079
<v Speaker 1>e Theorem, XRP, Solana, Cardano, Dogecoin, and much more, even

108
00:05:43.079 --> 00:05:46.199
<v Speaker 1>new tokens like black Rocks, Biddle and they have a

109
00:05:46.360 --> 00:05:48.839
<v Speaker 1>great software a suite called Treasure Suite which helps you

110
00:05:48.879 --> 00:05:51.720
<v Speaker 1>to manage all of this easily. And folks, right now,

111
00:05:51.800 --> 00:05:54.959
<v Speaker 1>they have a Valentine's Day sale going on. It ends

112
00:05:55.000 --> 00:05:57.439
<v Speaker 1>February fifteen, so tomorrow, so you can get up to

113
00:05:57.519 --> 00:06:00.800
<v Speaker 1>twenty percent off or discount on some of the bundles

114
00:06:00.800 --> 00:06:03.639
<v Speaker 1>and things they offer. So great sale guys, check it out,

115
00:06:03.759 --> 00:06:07.560
<v Speaker 1>get a discount, and you know, secure your crypto with

116
00:06:07.839 --> 00:06:10.639
<v Speaker 1>a hardware wallet where you control the private keys. This

117
00:06:10.759 --> 00:06:13.319
<v Speaker 1>is the safest way to custody your assets. And they

118
00:06:13.360 --> 00:06:17.959
<v Speaker 1>have a lot of different sea phrase backup items like

119
00:06:18.000 --> 00:06:20.720
<v Speaker 1>the keep Metal where you can put the words you

120
00:06:20.759 --> 00:06:23.240
<v Speaker 1>know in metal format, and much more, just really really

121
00:06:23.240 --> 00:06:26.519
<v Speaker 1>great solutions. They also have a Treasure expert onboarding session.

122
00:06:26.600 --> 00:06:28.480
<v Speaker 1>So you buy the device, you want to talk to

123
00:06:28.519 --> 00:06:30.720
<v Speaker 1>a Treasure rep. They have that and don't worry, they

124
00:06:30.720 --> 00:06:34.319
<v Speaker 1>don't ask you for your private keys. But great, great services,

125
00:06:34.399 --> 00:06:37.480
<v Speaker 1>great devices. And again I'm a user. So if you'd

126
00:06:37.519 --> 00:06:39.560
<v Speaker 1>like to learn more about Treasure, visit the Lincoln in

127
00:06:39.600 --> 00:06:43.279
<v Speaker 1>description and go get those discounts, guys. Okay, moving ahead.

128
00:06:43.480 --> 00:06:48.519
<v Speaker 1>US based DeFi group urges UKFCA to anchor crypto rules

129
00:06:48.600 --> 00:06:51.720
<v Speaker 1>to unilateral control. This is big We're going to see

130
00:06:51.800 --> 00:06:55.319
<v Speaker 1>across the globe. Many of these countries and jurisdictions are

131
00:06:55.360 --> 00:06:58.319
<v Speaker 1>going to unify their rules right right now. There may

132
00:06:58.360 --> 00:07:00.319
<v Speaker 1>be some differences, but they're going to get all on

133
00:07:00.360 --> 00:07:02.560
<v Speaker 1>the same page because, as I've been telling you guys,

134
00:07:02.560 --> 00:07:05.720
<v Speaker 1>the future governments, markets and economies will all run on

135
00:07:05.759 --> 00:07:09.959
<v Speaker 1>blockchain rails. And in order for these different protocols and

136
00:07:10.240 --> 00:07:13.680
<v Speaker 1>platforms to function appropriately, there's going to have to be

137
00:07:13.839 --> 00:07:17.680
<v Speaker 1>similar rules. Right. It has to be one hundred percent

138
00:07:17.839 --> 00:07:21.399
<v Speaker 1>carbon copy, but there has to be similarities where there

139
00:07:21.639 --> 00:07:25.399
<v Speaker 1>isn't friction and roadblocks, right. So the DeFi Education Fund

140
00:07:25.399 --> 00:07:29.279
<v Speaker 1>tells the FCA that regulatory obligations should apply only where

141
00:07:29.319 --> 00:07:34.079
<v Speaker 1>there's unilateral control over user assets or transactions. The US

142
00:07:34.120 --> 00:07:37.839
<v Speaker 1>based group argues non custodial DeFi developers should not be

143
00:07:38.279 --> 00:07:43.279
<v Speaker 1>treated like centralized intermediaries. The DeFi Education Fund warns that

144
00:07:43.439 --> 00:07:48.399
<v Speaker 1>applying trading platform prudential requirements and full money laundering laws

145
00:07:48.439 --> 00:07:52.800
<v Speaker 1>to automated protocols would be structurally incompatible. So some of

146
00:07:52.839 --> 00:07:55.319
<v Speaker 1>these folks in governments and so for they still don't

147
00:07:55.319 --> 00:07:58.240
<v Speaker 1>grasp DeFi right. They don't realize there's no middleman, there's

148
00:07:58.240 --> 00:08:01.319
<v Speaker 1>no intermediary that you that you know. It's a very

149
00:08:01.319 --> 00:08:03.120
<v Speaker 1>different system and it's going to take a time for

150
00:08:03.199 --> 00:08:05.240
<v Speaker 1>them to get up to speed and educate it. But

151
00:08:05.720 --> 00:08:09.319
<v Speaker 1>regarding the DeFi Education Fund, I've had Amanda Touminelli on

152
00:08:09.360 --> 00:08:12.360
<v Speaker 1>the podcast many times. I actually interviewed her last week,

153
00:08:12.439 --> 00:08:15.040
<v Speaker 1>so that interview should be published soon where we talked

154
00:08:15.079 --> 00:08:18.920
<v Speaker 1>about DeFi and all the complexities and how you know

155
00:08:18.959 --> 00:08:21.680
<v Speaker 1>that some of the language will be fit or put

156
00:08:21.720 --> 00:08:25.000
<v Speaker 1>into Declarity Act and much more so stay tuned for that. Okay,

157
00:08:25.160 --> 00:08:29.399
<v Speaker 1>moving ahead, borg Stutguard Digital trade As agree to a

158
00:08:29.480 --> 00:08:33.519
<v Speaker 1>merger to build European crypto hub. So across the globe

159
00:08:33.519 --> 00:08:36.639
<v Speaker 1>we're seeing expansion on a lot of building. So BORI

160
00:08:36.679 --> 00:08:41.200
<v Speaker 1>Stutguard Group, operator of one of Europe's largest stock exchanges,

161
00:08:41.600 --> 00:08:45.279
<v Speaker 1>said it will merge its cryptocurrency business with Frankfurt based

162
00:08:45.320 --> 00:08:49.080
<v Speaker 1>digital asset trading firm trade Is in a strategic move

163
00:08:49.120 --> 00:08:53.679
<v Speaker 1>to expand its presence in institutional crypto markets. The transaction

164
00:08:53.799 --> 00:08:57.519
<v Speaker 1>will consolidate about three hundred employees under a joint management

165
00:08:57.559 --> 00:09:00.799
<v Speaker 1>team for both companies. According to a front the announcement,

166
00:09:01.080 --> 00:09:05.039
<v Speaker 1>the combined unit aims to cover multiple digital asset services

167
00:09:05.080 --> 00:09:09.879
<v Speaker 1>including brokerage, trading, custodies, staking and tokenized assets. It will

168
00:09:10.080 --> 00:09:13.320
<v Speaker 1>look to listen to this. It will serve banks, brokers

169
00:09:13.320 --> 00:09:19.600
<v Speaker 1>and other financial institutions across Europe, providing fully regulated cryptocurrency infrastructure.

170
00:09:19.639 --> 00:09:24.759
<v Speaker 1>The announcement said, folks on ramps being built for more

171
00:09:24.840 --> 00:09:28.000
<v Speaker 1>capital to come in from the for the biggest institutions

172
00:09:28.000 --> 00:09:32.120
<v Speaker 1>and wealthy individuals. Again, this is not about retail anymore.

173
00:09:32.600 --> 00:09:34.279
<v Speaker 1>This is to get the big money. And this is

174
00:09:34.320 --> 00:09:38.440
<v Speaker 1>why I'm still bullish. Guys. Very very big news here. Okay, guys,

175
00:09:38.519 --> 00:09:42.440
<v Speaker 1>a big update here. So Senator Warren and a Senator

176
00:09:42.559 --> 00:09:45.639
<v Speaker 1>Kim looks like they're really going after Trump with World

177
00:09:45.679 --> 00:09:49.519
<v Speaker 1>Liberty Financial and the UAES reported five hundred million dollars

178
00:09:49.559 --> 00:09:53.399
<v Speaker 1>stake in the company. So, as we discussed in yesterday's podcast,

179
00:09:53.679 --> 00:09:56.919
<v Speaker 1>Trump needs to slow the hell down. Man. He should

180
00:09:56.960 --> 00:10:00.200
<v Speaker 1>not be doing all these crypto things. It's really going

181
00:10:00.279 --> 00:10:02.679
<v Speaker 1>to put a roadblock in front of us for the

182
00:10:02.720 --> 00:10:05.600
<v Speaker 1>Clarity Act. And hopefully, you know, we are still able

183
00:10:05.639 --> 00:10:08.480
<v Speaker 1>to get it done. But he's not helping us right now.

184
00:10:08.519 --> 00:10:11.559
<v Speaker 1>And look, two things can be true. Donald Trump has

185
00:10:11.600 --> 00:10:14.519
<v Speaker 1>been better for crypto than you know, things were under

186
00:10:14.600 --> 00:10:18.919
<v Speaker 1>Elizabeth Warren and Gary Genser, right, absolutely, but he's also

187
00:10:18.960 --> 00:10:21.639
<v Speaker 1>taking advantage of the market, right And some people can't

188
00:10:21.639 --> 00:10:24.080
<v Speaker 1>see that for the life of them, right, They their

189
00:10:24.279 --> 00:10:28.320
<v Speaker 1>their politician can do no wrong. But I don't worship politicians, folks.

190
00:10:28.360 --> 00:10:31.720
<v Speaker 1>I keep politicians accountable. Right. The government is supposed to

191
00:10:31.759 --> 00:10:33.799
<v Speaker 1>work for the people. So we got to call it

192
00:10:33.840 --> 00:10:36.200
<v Speaker 1>like we see it. You know, when Donald Trump was

193
00:10:36.279 --> 00:10:38.200
<v Speaker 1>running and when he came into office, you know, we

194
00:10:38.200 --> 00:10:41.600
<v Speaker 1>were saying, look, where's where's Kamala Harris? Where are all

195
00:10:41.600 --> 00:10:43.679
<v Speaker 1>these people? They're not doing a great job. Donald Trump

196
00:10:43.759 --> 00:10:46.840
<v Speaker 1>is now Trump is taking advantage of this market. So

197
00:10:46.840 --> 00:10:48.879
<v Speaker 1>we got to call it like we see it. And

198
00:10:49.240 --> 00:10:52.960
<v Speaker 1>he could he could potentially really stop this Clarity Act

199
00:10:52.960 --> 00:10:55.519
<v Speaker 1>from passing, and I hope not, but you can see

200
00:10:55.559 --> 00:10:58.240
<v Speaker 1>these people are not. They're going to use it against him,

201
00:10:58.679 --> 00:11:02.279
<v Speaker 1>and he put himself in that place. So this really

202
00:11:02.320 --> 00:11:05.960
<v Speaker 1>really sucks. And even people who are Republicans are calling

203
00:11:06.000 --> 00:11:09.039
<v Speaker 1>it out. Here. Dave Weisberger, who I recently had on

204
00:11:09.080 --> 00:11:12.360
<v Speaker 1>the podcast, you know, he tweeted out something that he

205
00:11:12.399 --> 00:11:16.159
<v Speaker 1>agrees with Anthony Scaramucci, who's also a Republican, and he

206
00:11:16.240 --> 00:11:19.360
<v Speaker 1>worked for Donald Trump for like ten days back in

207
00:11:19.399 --> 00:11:23.759
<v Speaker 1>the twenty sixteen run. And he says, look, I have

208
00:11:23.799 --> 00:11:28.039
<v Speaker 1>to agree with Anthony Scaramucci on Trump's meme coin Griff.

209
00:11:28.240 --> 00:11:31.080
<v Speaker 1>It was a turning point. It galvanized half the country

210
00:11:31.159 --> 00:11:34.840
<v Speaker 1>against crypto. It created in the minds of and he says,

211
00:11:34.879 --> 00:11:39.480
<v Speaker 1>here Trump the arrangements syndrome adduled Democrats political cover to

212
00:11:39.600 --> 00:11:44.120
<v Speaker 1>push the anti crypto army agenda and resist Clarity. He says,

213
00:11:44.240 --> 00:11:46.240
<v Speaker 1>it is why the banks have an opening to push

214
00:11:46.279 --> 00:11:49.720
<v Speaker 1>their anti competitive agenda. I think this is spot on.

215
00:11:49.879 --> 00:11:53.360
<v Speaker 1>Those banks saw the Genius Act, they knew the Genius

216
00:11:53.440 --> 00:11:55.679
<v Speaker 1>Act passed, and now all of a sudden, when the

217
00:11:55.759 --> 00:11:58.039
<v Speaker 1>Clarity Act is getting to get pushed out, they're coming

218
00:11:58.039 --> 00:11:59.759
<v Speaker 1>back say, oh no, no, we need to relitigate it

219
00:12:00.159 --> 00:12:03.720
<v Speaker 1>to stop Slipcoronio. And your reason why is they know

220
00:12:03.879 --> 00:12:06.799
<v Speaker 1>there's a bunch of Democrats in Congress and there's a

221
00:12:06.919 --> 00:12:09.559
<v Speaker 1>cohort now saying, oh, look at Trump, look what he's

222
00:12:09.600 --> 00:12:12.440
<v Speaker 1>doing with crypto. He's taking advantage, he's getting bribes, blah

223
00:12:12.480 --> 00:12:14.480
<v Speaker 1>blah blah. Right, all those things, and some of it

224
00:12:14.600 --> 00:12:16.240
<v Speaker 1>may be true, some of it may not be. But

225
00:12:16.320 --> 00:12:18.480
<v Speaker 1>the point is it doesn't even need to be true.

226
00:12:18.559 --> 00:12:21.360
<v Speaker 1>Just the optics. The optics. And this is that word

227
00:12:21.399 --> 00:12:24.320
<v Speaker 1>I've used many times, folks. So even if you're a

228
00:12:24.480 --> 00:12:27.519
<v Speaker 1>big Trump person and you're you know, you're a big supporter,

229
00:12:28.120 --> 00:12:29.600
<v Speaker 1>you got to call it like you see it, right,

230
00:12:29.639 --> 00:12:31.879
<v Speaker 1>if you're being intellectually honest, you got to call it

231
00:12:32.000 --> 00:12:35.000
<v Speaker 1>like you see it. So my hope is that we

232
00:12:35.159 --> 00:12:37.559
<v Speaker 1>are aware of this and we need to put the pressure.

233
00:12:37.720 --> 00:12:42.279
<v Speaker 1>And uh, I just wish Trump would stop. But just recently,

234
00:12:42.440 --> 00:12:45.919
<v Speaker 1>like we reported yesterday, truth Social launch or file for

235
00:12:46.039 --> 00:12:49.879
<v Speaker 1>two crypto ETFs, we're liberty financials expanding to cross border

236
00:12:49.919 --> 00:12:52.120
<v Speaker 1>payments and all kinds of stuff. And it's like, dude,

237
00:12:52.600 --> 00:12:56.039
<v Speaker 1>wait till we get the Clarity Act. But I digress.

238
00:12:56.159 --> 00:13:00.559
<v Speaker 1>It's frustrating. This is why I hate politics. I hate politicians,

239
00:13:00.559 --> 00:13:03.360
<v Speaker 1>and hey, politics, Now that's not to say I don't

240
00:13:03.399 --> 00:13:06.200
<v Speaker 1>respect people. Obviously respect I've had members of Congress on

241
00:13:06.279 --> 00:13:10.559
<v Speaker 1>and there's certainly some really great people that I respect,

242
00:13:10.639 --> 00:13:16.960
<v Speaker 1>But just the political realm it's so nasty and toxic

243
00:13:17.120 --> 00:13:20.080
<v Speaker 1>and annoying sometimes. But I hope you guys get what

244
00:13:20.159 --> 00:13:23.039
<v Speaker 1>I'm saying. All right, Moving ahead here, we got an

245
00:13:23.120 --> 00:13:26.200
<v Speaker 1>update that Great Scale filed to convert their of a

246
00:13:26.399 --> 00:13:29.240
<v Speaker 1>token trust into an ETF to list on the New

247
00:13:29.320 --> 00:13:33.960
<v Speaker 1>York Stock Exchange arcup, So we're seeing more all coin

248
00:13:34.120 --> 00:13:36.960
<v Speaker 1>ETFs being launched. And you know, again I've been saying,

249
00:13:37.240 --> 00:13:39.639
<v Speaker 1>once the Clarity Act passes, I think that kicks off

250
00:13:39.720 --> 00:13:43.320
<v Speaker 1>the supercycle. Not overnight obviously, but with all the institutions,

251
00:13:43.399 --> 00:13:45.919
<v Speaker 1>all the on ramps, and that could be you know,

252
00:13:46.080 --> 00:13:49.039
<v Speaker 1>the ballmarket we've been waiting for, you know, to match

253
00:13:49.200 --> 00:13:53.159
<v Speaker 1>all the adoption we've been seeing, and then hopefully the

254
00:13:53.279 --> 00:13:57.360
<v Speaker 1>macro aligns with that. We're more rate cuts, more quantitative easing,

255
00:13:57.399 --> 00:13:59.440
<v Speaker 1>and so forth, because we're still in the early innings

256
00:13:59.480 --> 00:14:03.200
<v Speaker 1>of those inspective items. So this is really great, and

257
00:14:03.320 --> 00:14:05.080
<v Speaker 1>folks just want to let you guys know, I will

258
00:14:05.120 --> 00:14:07.519
<v Speaker 1>be speaking at the Money Show Laws of Vegas coming

259
00:14:07.600 --> 00:14:10.919
<v Speaker 1>up on February twenty second and twenty third, and I'll

260
00:14:10.960 --> 00:14:13.679
<v Speaker 1>be talking crypto. Of course, I'll be doing a fireside

261
00:14:13.759 --> 00:14:17.120
<v Speaker 1>chat on Sunday, February twenty second, and on Monday twenty

262
00:14:17.600 --> 00:14:20.600
<v Speaker 1>February twenty third, I'll be on a panel talking about

263
00:14:20.639 --> 00:14:24.200
<v Speaker 1>stable coins, to tokenization and much more. So. Just let

264
00:14:24.279 --> 00:14:25.919
<v Speaker 1>you guys know if you're going to be attending the

265
00:14:26.000 --> 00:14:29.799
<v Speaker 1>Money Show Las Vegas, and be sure to come check

266
00:14:29.799 --> 00:14:32.960
<v Speaker 1>out those sessions if you're around. Folks, thank you so

267
00:14:33.080 --> 00:14:35.720
<v Speaker 1>much for watching listening. I appreciate you all. Thank you,

268
00:14:36.240 --> 00:14:38.600
<v Speaker 1>and be sure to subscribe if it haven't as yet,

269
00:14:38.720 --> 00:14:41.200
<v Speaker 1>and please support the podcast by subscribing to my free

270
00:14:41.279 --> 00:14:44.000
<v Speaker 1>email newsletter. It is one hundred percent free. Check out

271
00:14:44.080 --> 00:14:46.799
<v Speaker 1>my book on Amazon, it's available in paperback in digital,

272
00:14:47.120 --> 00:14:50.559
<v Speaker 1>and my course at Mycryptocurse dot com. All the links

273
00:14:50.559 --> 00:14:53.240
<v Speaker 1>would be in the description. Folks, thank you for tuning in.

274
00:14:53.399 --> 00:14:55.840
<v Speaker 1>I appreciate you all, and I'll talk to you all

275
00:14:56.159 --> 00:14:56.399
<v Speaker 1>later