Speaker 1: Donald Trump's businesses are launching a crypto wallet and a
Speaker 1: bitcoin etf. I'll share all the drama and all the
Speaker 1: crazy news we got today around that and what his
Speaker 1: sons are saying and much more. And Ripple ceo says
Speaker 1: the company did not make a bid to acquire Circle.
Speaker 1: I'll give you the details. Let's get into it. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto podcast, your home for your
Speaker 1: cryptocurrency news and the interviews. I'm your host, Tony Edward.
Speaker 1: On your way in, Please sit that subscribe button as
Speaker 1: well as a thumbs up button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Folks,
Speaker 1: we got a lot of news around President Trump and crypto.
Speaker 1: We're going to talk about a potential crypto wallet, meme coins,
Speaker 1: a bitcoin etf, and much more so. First off, the
Speaker 1: report that came out from the folks at Bloomberg said
Speaker 1: Trump to launch branded crypto wallet and trading application, encouraging
Speaker 1: his supporters to purchase his mean coin and other crypto assets.
Speaker 1: So then multiple sources started tweeting out images of the
Speaker 1: supposed app, which shows Trump's meme coin Trump's branding, so
Speaker 1: essentially a wallet created by Trump, right, so this is interesting.
Speaker 1: But then his kids came out and said, hey, wait
Speaker 1: a minute, the Trump organization has zero involvement with this
Speaker 1: wallet product. Eric Trump and I know nothing about it.
Speaker 1: Stay tuned. We're Liberty Financial, which we have been working
Speaker 1: tirelessly on will be launching our official wallet soon. So
Speaker 1: this is confusing. Who the hell is behind this supposed
Speaker 1: wallet and is it actually from Donald Trump? It is
Speaker 1: so confusing. So then Eric Trump tweeted out, this project
Speaker 1: is not authorized by President Trump magic Eden, which supposedly
Speaker 1: is the company building this wallet service, and Eric issued
Speaker 1: a warning to Magic Eating, which is the supposed company
Speaker 1: that's building this thing. He said, I would be extremely
Speaker 1: careful using our name in a project that has not
Speaker 1: been approved and is unknown to anyone in an organization.
Speaker 1: So I don't know what's going on here. This seems
Speaker 1: really range. The website to get this wallet is trump
Speaker 1: wallet dot com. I highly recommend you do not go
Speaker 1: download it. I don't know if this is some sort
Speaker 1: of scam or what's going on, but the Trump kids
Speaker 1: are saying, hey, this has nothing to do with us.
Speaker 1: We don't know what's going on. There's even people saying
Speaker 1: that Trump is actually not involved with the meme coin
Speaker 1: at all. But you know, previous reports had said that
Speaker 1: the Trump token eighty percent of it was controlled by
Speaker 1: the Trump administration, So a lot of confusion. I don't know.
Speaker 1: If Trump is trying to distance himself from this meme coin.
Speaker 1: I would be happy if he does that, because I've
Speaker 1: said it many times. I don't believe a sitting president
Speaker 1: should have a meme coin. I'm very happy that Donald
Speaker 1: Trump is procrypto, very happy about the procrypto stance. I
Speaker 1: just don't like the meme coin, you guys know, I've
Speaker 1: been on record with that. And if his kids get
Speaker 1: involved with crypto businesses, I have no problem with that.
Speaker 1: That's his kids right. They can run businesses if they want.
Speaker 1: But the meme coin thing is dangerous in my opinion.
Speaker 1: But I don't know. This is so strange, guys. So
Speaker 1: it's a complete one to eighty from things that were
Speaker 1: mentioned and reported months ago. So just be careful. I
Speaker 1: would not go download that wallet, and if you are
Speaker 1: a Trump toke, even if you're a Trump token holder,
Speaker 1: don't go mess with that wallet. I don't know who's
Speaker 1: behind that? And you got to watch out, guys. You
Speaker 1: got to do your due diligence. Be risk averse here
Speaker 1: because you don't know who's behind it. And if this
Speaker 1: is a legit wallet. Now here's the other thing. Trump's
Speaker 1: social platform, truth Social, has filed for a bitcoin ETF.
Speaker 1: This is wild. Now, this I don't really have a
Speaker 1: problem about. Once again, it's the business. I know Trump
Speaker 1: owns these businesses, but the point is he's not in
Speaker 1: direct control. It's due to company and there are other
Speaker 1: stakeholders within the company running things. So Eric balachunas ETF
Speaker 1: analyst at Bloomberg said, Trump's company has just filed for
Speaker 1: a truth Social bitcoin ETF, which will track spot bitcoin
Speaker 1: and list on the New York Stock Exchange. Looks like
Speaker 1: Forrest DAX and I've never heard of. This is the
Speaker 1: custodian no fee or ticker. I'm guessing we will see
Speaker 1: a s one soon with more info. Also notable Trump
Speaker 1: name not on the ETF or anywhere in the docks, really,
Speaker 1: although everyone knows who owns truth Social, so I think
Speaker 1: he's spot on here with that summary. So very interesting. Now, folks,
Speaker 1: what have I been saying over the past month or so.
Speaker 1: Read between the lines. Put your thinking cap on here.
Speaker 1: Trump is about making money. Whether you love or hate
Speaker 1: the man, that's not the point. Trump is about making money.
Speaker 1: And if he's making these bets, now, do you think
Speaker 1: the bull market's over? Do you think Trump is going
Speaker 1: to launch an ETF in the bear market and watch
Speaker 1: it drop and get no inflows? Of course not. Come on, guys, right,
Speaker 1: read between the lines. His kids are all involved in crypto. Now,
Speaker 1: we got more to go in this bull market. Will
Speaker 1: it run forever? Of course not. There's gonna be a
Speaker 1: blow off top. I think the blow off top is
Speaker 1: gonna happen later this year. If not, you know, come July,
Speaker 1: we'll have to watch it closely. But again, read between
Speaker 1: the lines. Right. In addition to the macro fact, here's
Speaker 1: the on chain data, the charts that I've been sharing
Speaker 1: with you all. We are seeing all signs pointing to
Speaker 1: bullmarket continuing despite the pullback we're seeing. And Bitcoin can
Speaker 1: go lower, Bitcoin can go touch ninety ak like I've
Speaker 1: been saying, and then bounce and continue to hire highs.
Speaker 1: But we just got to go through the market cycles.
Speaker 1: Be patient and watch the different metrics signals and macro data,
Speaker 1: So very interesting developments here now. Donald Trump Junior went
Speaker 1: on CNBC Today and talked about how him and his
Speaker 1: family are all in on bitcoin and crypto because his
Speaker 1: family was debanked. Let me play the clip here for you.
Speaker 2: Inston we got into crypto and we're all in on crypto,
Speaker 2: and we're doing American Bitcoin and we have World Liberty
Speaker 2: Finance and USD. One was because there was a time
Speaker 2: and probably I'd been on this show where there was
Speaker 2: a I could call any single banker in New York City,
Speaker 2: they'd pick up the phone. I'd be able to get
Speaker 2: a loan for whatever real estate project I was doing
Speaker 2: across the street. Then we got into politics and all
Speaker 2: of a sudden, they wouldn't take your call. You couldn't
Speaker 2: get financing. We were debanked. And what I realized that
Speaker 2: my brother realized, because we were the recipients of every
Speaker 2: subpoena imaginable, was that, you know what, we were actually
Speaker 2: just the top of this sort of pyramid scheme that
Speaker 2: we didn't realize we were a part of. That the
Speaker 2: financial system was totally undemocratized because we had a certain
Speaker 2: balance sheet and whatever we can kind of do, whatever
Speaker 2: we wanted. The regular guy was messed up. Now we
Speaker 2: were all of a sudden in the shoes of the
Speaker 2: regular guy that wouldn't be able to take advantage of
Speaker 2: the markets, And we said, what's the solution for that?
Speaker 2: The answer is crypto, These decentralized platforms where you're not
Speaker 2: hold into this, where you create efficiencies. As a guy
Speaker 2: that did real estate, you know why am I paying
Speaker 2: points in and out for title insurance?
Speaker 3: That could be done on the blockchain.
Speaker 2: So we got into crypto not because it was like, hey,
Speaker 2: this is the next cool thing. We got into it
Speaker 2: out of necessity. We got into it because we understood
Speaker 2: just how quickly we could be turned off, even as
Speaker 2: an incredible developer from New York. I mean, I don't
Speaker 2: think anyone would argue that we didn't change the skylight
Speaker 2: of New York City, but that disappeared in an instant.
Speaker 3: I mean, we're.
Speaker 2: Getting sued by the New York State age half billion
Speaker 2: dollar fees for paying back loans on time with interest.
Speaker 2: These aren't, you know, fair markets. There's no nothing egalitarian
Speaker 2: about any of that. So we actually, as innovators, as
Speaker 2: people who understand these things, we went all in on
Speaker 2: a concept that makes total sense because we'd actually been
Speaker 2: the recipient of how quickly that can be shut off,
Speaker 2: and so it actually makes total sense. The Trump organization
Speaker 2: isn't doing anything with foreign countries. The first time around
Speaker 2: in the administration, we actually stopped doing all foreign deals,
Speaker 2: and unlike the Bidens, we were actually doing international business
Speaker 2: before we got into public life. Let me finish, we
Speaker 2: stopped doing those things. And the market still say, oh,
Speaker 2: they're profiteering off of this.
Speaker 3: They're doing that. We got zero credit.
Speaker 2: We shut down hundreds of millions of dollars of business
Speaker 2: to voluntarily just say just in case. So now what
Speaker 2: we're going to do. We're gonna play by all of
Speaker 2: the rules. We're gonna do what we're allowed to do.
Speaker 2: But we got zero credit for going so far above
Speaker 2: and beyond. Because you know that's the nature of this speech, right,
Speaker 2: it's a market cycle.
Speaker 3: I get it. It's quick worthy, it's nonsense.
Speaker 1: So there you have it, right, they are very bullish
Speaker 1: on cryptos. So this is what I'm saying. Read between
Speaker 1: the lines, and you know, I think they are part
Speaker 1: of promoting this. They know the bull run is going
Speaker 1: to continue, They know there will be a blow off
Speaker 1: top and look, they're going to look to exit the market,
Speaker 1: but we want to be on the side of smart
Speaker 1: money exiting the market, not coming in with the dumb
Speaker 1: money crowd buying the top. Right, you do not want
Speaker 1: to be part of the dumb money crowd. So hope
Speaker 1: you guys understand that. And speaking of bitcoin adoption, South
Speaker 1: Korea just elected a pro bitcoin president who promised to
Speaker 1: legalize spot bitcoin ETFs and scrap unfair regulation. See where
Speaker 1: the puck is heading, that's where we want to skate,
Speaker 1: two folks. Global adoption of cryptos happening. It's not making
Speaker 1: the major major headlines right. People are focused on other things.
Speaker 1: But this is an opportunity of a lifetime because it's
Speaker 1: a very young acid class. If we were doing this
Speaker 1: in another time where a new asset was being launched,
Speaker 1: when maybe gold ETFs or launch, I'll be telling you
Speaker 1: get into goal etf right, because look at what happened
Speaker 1: with gold when stocks first came around, or stocks for
Speaker 1: new industries like the internet and other things. Get into
Speaker 1: those stocks, right because you would be an early adopter
Speaker 1: and you'd want to follow what's happening, who's building what,
Speaker 1: and much more same thing applies here with crypto. Now,
Speaker 1: crypto moves much faster. There's a further upside because there's
Speaker 1: a true hardcap on the asset and it's trading globally,
Speaker 1: so you have liquidity coming in from all markets, unlike
Speaker 1: stock market, and certain assets can only be accessible by
Speaker 1: certain folks due to traditional guardrails and restrictions. But crypto,
Speaker 1: you just have a cell phone, you have internet connection.
Speaker 1: You could be in some country in Africa, you could
Speaker 1: be somewhere in New Zealand, you can be in Greenland
Speaker 1: or whatever, and you can access by a fraction of
Speaker 1: bitcoin and eat the next RP and much more. There's
Speaker 1: never been anything like that that's trading twenty four to
Speaker 1: seven real time right. That is what's incredible about this
Speaker 1: class and why there's so much potential now, folks. A
Speaker 1: great place that you can buy and sell crypto is
Speaker 1: on Uphold. You can also stay crypto on this platform.
Speaker 1: I've been using Upholls since twenty eighteen. They have over
Speaker 1: three hundred plus crypto currencies a bitcoin in all the
Speaker 1: top all coins, folks. They are fully reserved, they don't
Speaker 1: com mingle or lend out your funds. They're safe and
Speaker 1: trustworthy or I've never had any problems with them, and
Speaker 1: you can read their transparency report and see that they
Speaker 1: have everything in order. They also have a great rewards
Speaker 1: program where you can earn up to five point two
Speaker 1: five percent on stable coins, and part of this rewards
Speaker 1: program you get twenty four hour early access to new
Speaker 1: tokens that they list, so the tokens they support our
Speaker 1: Ripples r L USD. You can earn five percent on
Speaker 1: that USBC and you can earn up to five point
Speaker 1: two five percent on that. To participate in this, every
Speaker 1: month you have to check in on the apps to
Speaker 1: log in, deposit fifty dollars once per month, and trade
Speaker 1: fifty dollars once per month. So a really great rewards program.
Speaker 1: And I interviewed the CEO and many representatives and their
Speaker 1: doing this the right way. So if you'd like to
Speaker 1: learn more, please visit the link in the description. Now, folks,
Speaker 1: we've got to report here that Ripple CEO Brad garling
Speaker 1: House says Ripple never made a bid to acquire Circle,
Speaker 1: contradicting recent reports. So here's the thing. There's nothing stopping
Speaker 1: anyone from calling up someone in the media and saying, hey,
Speaker 1: Ripple's trying to you know, acquire so is coinbase, and
Speaker 1: it could be someone from Circle doing that, or someone
Speaker 1: who has a stake in Circle, you know, an outside
Speaker 1: investor because they want the valuation to go up. These
Speaker 1: are things that have happened in all the markets to
Speaker 1: stock market for sure. Right. I don't know if that's illegal,
Speaker 1: but you know we've seen this in movies and in
Speaker 1: books and much more. Right, people have relationships and they
Speaker 1: just call up and off the record, hey I heard
Speaker 1: this right, And they're not saying I'm the one generating this,
Speaker 1: but I'm hearing this rumor that Ripple. But that benefits
Speaker 1: Circle because it shows people want to you know, acquire
Speaker 1: a Circle. It helps them to erase their valuation. So
Speaker 1: if you're a private equi holder in Circle, that's good
Speaker 1: for you, right, because you want the valuation to be
Speaker 1: as high as possible. And we just reported yesterday that
Speaker 1: there's the Circle is aiming for what's seven point two
Speaker 1: billion or something like that. So interesting update here and
Speaker 1: we'll see how this all plays out. Now on the
Speaker 1: Ripple front, there's also more news where Ripple's stable coin
Speaker 1: r l u s D has been recognized as a
Speaker 1: crypto token under the d FSA's regime in Dubai. So
Speaker 1: big win here for Ripple. They continue to expand their
Speaker 1: services and they continue to expand their network for XRP
Speaker 1: as well as their stable coin r l USD. So
Speaker 1: pretty big update here. And finally, Eleanor Tarot is reporting
Speaker 1: that the Senate Agriculture Committee has scheduled a nomination for
Speaker 1: hearing for CFDC chair nominee Brian contends on Tuesday, June tenth.
Speaker 1: So Brian contends, he's absolutely the man I would love
Speaker 1: to see as the CFDC chair. I interviewed him a
Speaker 1: couple of times over the years. He then went from
Speaker 1: the CFTC to go work at A sixteen Z and
Speaker 1: now he's going to be a CFDC chairman. So this
Speaker 1: is really great and I hope everything goes smoothly here,
Speaker 1: just as you did with Paul Atkins. So he absolutely
Speaker 1: gets crypto, so you can imagine he's going to do
Speaker 1: some things that are favorable and balance and write for
Speaker 1: the crypto industry and asset class.
Speaker 3: Folks.
Speaker 1: That's the news. Let me know what you think, especially
Speaker 1: around all the Trump news with crypto. Pretty wild stuff
Speaker 1: with the wallet, but bullish news on the big one
Speaker 1: ETF filing and folks. A great way you can support
Speaker 1: me is by subscribing to my free email newsletter. It's
Speaker 1: one hundred percent free. Link will be in a description.
Speaker 1: Check out my book on Amazon, it's available in paperback
Speaker 1: in digital, and my course at Mycrypto course dot com.
Speaker 1: This is a comprehensive course that teaches you every aspect
Speaker 1: of crypto. Expand your knowledge and understand everything that's happening
Speaker 1: in this acid class folks, So check out all the
Speaker 1: links in the description. Thank you all for watching and listening.
Speaker 1: I appreciate you all, and I'll talk to you all later.