WEBVTT

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<v Speaker 1>Donald Trump's businesses are launching a crypto wallet and a

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<v Speaker 1>bitcoin etf. I'll share all the drama and all the

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<v Speaker 1>crazy news we got today around that and what his

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<v Speaker 1>sons are saying and much more. And Ripple ceo says

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<v Speaker 1>the company did not make a bid to acquire Circle.

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<v Speaker 1>I'll give you the details. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast, your home for your

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<v Speaker 1>cryptocurrency news and the interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in, Please sit that subscribe button as

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<v Speaker 1>well as a thumbs up button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks,

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<v Speaker 1>we got a lot of news around President Trump and crypto.

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<v Speaker 1>We're going to talk about a potential crypto wallet, meme coins,

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<v Speaker 1>a bitcoin etf, and much more so. First off, the

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<v Speaker 1>report that came out from the folks at Bloomberg said

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<v Speaker 1>Trump to launch branded crypto wallet and trading application, encouraging

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<v Speaker 1>his supporters to purchase his mean coin and other crypto assets.

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<v Speaker 1>So then multiple sources started tweeting out images of the

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<v Speaker 1>supposed app, which shows Trump's meme coin Trump's branding, so

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<v Speaker 1>essentially a wallet created by Trump, right, so this is interesting.

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<v Speaker 1>But then his kids came out and said, hey, wait

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<v Speaker 1>a minute, the Trump organization has zero involvement with this

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<v Speaker 1>wallet product. Eric Trump and I know nothing about it.

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<v Speaker 1>Stay tuned. We're Liberty Financial, which we have been working

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<v Speaker 1>tirelessly on will be launching our official wallet soon. So

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<v Speaker 1>this is confusing. Who the hell is behind this supposed

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<v Speaker 1>wallet and is it actually from Donald Trump? It is

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<v Speaker 1>so confusing. So then Eric Trump tweeted out, this project

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<v Speaker 1>is not authorized by President Trump magic Eden, which supposedly

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<v Speaker 1>is the company building this wallet service, and Eric issued

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<v Speaker 1>a warning to Magic Eating, which is the supposed company

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<v Speaker 1>that's building this thing. He said, I would be extremely

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<v Speaker 1>careful using our name in a project that has not

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<v Speaker 1>been approved and is unknown to anyone in an organization.

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<v Speaker 1>So I don't know what's going on here. This seems

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<v Speaker 1>really range. The website to get this wallet is trump

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<v Speaker 1>wallet dot com. I highly recommend you do not go

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<v Speaker 1>download it. I don't know if this is some sort

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<v Speaker 1>of scam or what's going on, but the Trump kids

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<v Speaker 1>are saying, hey, this has nothing to do with us.

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<v Speaker 1>We don't know what's going on. There's even people saying

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<v Speaker 1>that Trump is actually not involved with the meme coin

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<v Speaker 1>at all. But you know, previous reports had said that

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<v Speaker 1>the Trump token eighty percent of it was controlled by

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<v Speaker 1>the Trump administration, So a lot of confusion. I don't know.

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<v Speaker 1>If Trump is trying to distance himself from this meme coin.

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<v Speaker 1>I would be happy if he does that, because I've

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<v Speaker 1>said it many times. I don't believe a sitting president

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<v Speaker 1>should have a meme coin. I'm very happy that Donald

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<v Speaker 1>Trump is procrypto, very happy about the procrypto stance. I

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<v Speaker 1>just don't like the meme coin, you guys know, I've

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<v Speaker 1>been on record with that. And if his kids get

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<v Speaker 1>involved with crypto businesses, I have no problem with that.

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<v Speaker 1>That's his kids right. They can run businesses if they want.

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<v Speaker 1>But the meme coin thing is dangerous in my opinion.

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<v Speaker 1>But I don't know. This is so strange, guys. So

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<v Speaker 1>it's a complete one to eighty from things that were

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<v Speaker 1>mentioned and reported months ago. So just be careful. I

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<v Speaker 1>would not go download that wallet, and if you are

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<v Speaker 1>a Trump toke, even if you're a Trump token holder,

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<v Speaker 1>don't go mess with that wallet. I don't know who's

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<v Speaker 1>behind that? And you got to watch out, guys. You

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<v Speaker 1>got to do your due diligence. Be risk averse here

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<v Speaker 1>because you don't know who's behind it. And if this

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<v Speaker 1>is a legit wallet. Now here's the other thing. Trump's

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<v Speaker 1>social platform, truth Social, has filed for a bitcoin ETF.

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<v Speaker 1>This is wild. Now, this I don't really have a

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<v Speaker 1>problem about. Once again, it's the business. I know Trump

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<v Speaker 1>owns these businesses, but the point is he's not in

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<v Speaker 1>direct control. It's due to company and there are other

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<v Speaker 1>stakeholders within the company running things. So Eric balachunas ETF

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<v Speaker 1>analyst at Bloomberg said, Trump's company has just filed for

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<v Speaker 1>a truth Social bitcoin ETF, which will track spot bitcoin

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<v Speaker 1>and list on the New York Stock Exchange. Looks like

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<v Speaker 1>Forrest DAX and I've never heard of. This is the

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<v Speaker 1>custodian no fee or ticker. I'm guessing we will see

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<v Speaker 1>a s one soon with more info. Also notable Trump

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<v Speaker 1>name not on the ETF or anywhere in the docks, really,

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<v Speaker 1>although everyone knows who owns truth Social, so I think

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<v Speaker 1>he's spot on here with that summary. So very interesting. Now, folks,

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<v Speaker 1>what have I been saying over the past month or so.

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<v Speaker 1>Read between the lines. Put your thinking cap on here.

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<v Speaker 1>Trump is about making money. Whether you love or hate

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<v Speaker 1>the man, that's not the point. Trump is about making money.

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<v Speaker 1>And if he's making these bets, now, do you think

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<v Speaker 1>the bull market's over? Do you think Trump is going

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<v Speaker 1>to launch an ETF in the bear market and watch

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<v Speaker 1>it drop and get no inflows? Of course not. Come on, guys, right,

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<v Speaker 1>read between the lines. His kids are all involved in crypto. Now,

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<v Speaker 1>we got more to go in this bull market. Will

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<v Speaker 1>it run forever? Of course not. There's gonna be a

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<v Speaker 1>blow off top. I think the blow off top is

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<v Speaker 1>gonna happen later this year. If not, you know, come July,

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<v Speaker 1>we'll have to watch it closely. But again, read between

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<v Speaker 1>the lines. Right. In addition to the macro fact, here's

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<v Speaker 1>the on chain data, the charts that I've been sharing

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<v Speaker 1>with you all. We are seeing all signs pointing to

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<v Speaker 1>bullmarket continuing despite the pullback we're seeing. And Bitcoin can

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<v Speaker 1>go lower, Bitcoin can go touch ninety ak like I've

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<v Speaker 1>been saying, and then bounce and continue to hire highs.

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<v Speaker 1>But we just got to go through the market cycles.

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<v Speaker 1>Be patient and watch the different metrics signals and macro data,

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<v Speaker 1>So very interesting developments here now. Donald Trump Junior went

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<v Speaker 1>on CNBC Today and talked about how him and his

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<v Speaker 1>family are all in on bitcoin and crypto because his

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<v Speaker 1>family was debanked. Let me play the clip here for you.

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<v Speaker 2>Inston we got into crypto and we're all in on crypto,

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<v Speaker 2>and we're doing American Bitcoin and we have World Liberty

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<v Speaker 2>Finance and USD. One was because there was a time

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<v Speaker 2>and probably I'd been on this show where there was

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<v Speaker 2>a I could call any single banker in New York City,

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<v Speaker 2>they'd pick up the phone. I'd be able to get

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<v Speaker 2>a loan for whatever real estate project I was doing

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<v Speaker 2>across the street. Then we got into politics and all

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<v Speaker 2>of a sudden, they wouldn't take your call. You couldn't

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<v Speaker 2>get financing. We were debanked. And what I realized that

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<v Speaker 2>my brother realized, because we were the recipients of every

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<v Speaker 2>subpoena imaginable, was that, you know what, we were actually

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<v Speaker 2>just the top of this sort of pyramid scheme that

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<v Speaker 2>we didn't realize we were a part of. That the

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<v Speaker 2>financial system was totally undemocratized because we had a certain

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<v Speaker 2>balance sheet and whatever we can kind of do, whatever

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<v Speaker 2>we wanted. The regular guy was messed up. Now we

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<v Speaker 2>were all of a sudden in the shoes of the

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<v Speaker 2>regular guy that wouldn't be able to take advantage of

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<v Speaker 2>the markets, And we said, what's the solution for that?

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<v Speaker 2>The answer is crypto, These decentralized platforms where you're not

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<v Speaker 2>hold into this, where you create efficiencies. As a guy

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<v Speaker 2>that did real estate, you know why am I paying

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<v Speaker 2>points in and out for title insurance?

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<v Speaker 3>That could be done on the blockchain.

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<v Speaker 2>So we got into crypto not because it was like, hey,

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<v Speaker 2>this is the next cool thing. We got into it

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<v Speaker 2>out of necessity. We got into it because we understood

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<v Speaker 2>just how quickly we could be turned off, even as

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<v Speaker 2>an incredible developer from New York. I mean, I don't

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<v Speaker 2>think anyone would argue that we didn't change the skylight

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<v Speaker 2>of New York City, but that disappeared in an instant.

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<v Speaker 3>I mean, we're.

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<v Speaker 2>Getting sued by the New York State age half billion

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<v Speaker 2>dollar fees for paying back loans on time with interest.

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<v Speaker 2>These aren't, you know, fair markets. There's no nothing egalitarian

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<v Speaker 2>about any of that. So we actually, as innovators, as

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<v Speaker 2>people who understand these things, we went all in on

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<v Speaker 2>a concept that makes total sense because we'd actually been

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<v Speaker 2>the recipient of how quickly that can be shut off,

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<v Speaker 2>and so it actually makes total sense. The Trump organization

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<v Speaker 2>isn't doing anything with foreign countries. The first time around

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<v Speaker 2>in the administration, we actually stopped doing all foreign deals,

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<v Speaker 2>and unlike the Bidens, we were actually doing international business

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<v Speaker 2>before we got into public life. Let me finish, we

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<v Speaker 2>stopped doing those things. And the market still say, oh,

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<v Speaker 2>they're profiteering off of this.

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<v Speaker 3>They're doing that. We got zero credit.

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<v Speaker 2>We shut down hundreds of millions of dollars of business

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<v Speaker 2>to voluntarily just say just in case. So now what

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<v Speaker 2>we're going to do. We're gonna play by all of

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<v Speaker 2>the rules. We're gonna do what we're allowed to do.

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<v Speaker 2>But we got zero credit for going so far above

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<v Speaker 2>and beyond. Because you know that's the nature of this speech, right,

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<v Speaker 2>it's a market cycle.

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<v Speaker 3>I get it. It's quick worthy, it's nonsense.

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<v Speaker 1>So there you have it, right, they are very bullish

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<v Speaker 1>on cryptos. So this is what I'm saying. Read between

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<v Speaker 1>the lines, and you know, I think they are part

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<v Speaker 1>of promoting this. They know the bull run is going

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<v Speaker 1>to continue, They know there will be a blow off

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<v Speaker 1>top and look, they're going to look to exit the market,

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<v Speaker 1>but we want to be on the side of smart

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<v Speaker 1>money exiting the market, not coming in with the dumb

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<v Speaker 1>money crowd buying the top. Right, you do not want

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<v Speaker 1>to be part of the dumb money crowd. So hope

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<v Speaker 1>you guys understand that. And speaking of bitcoin adoption, South

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<v Speaker 1>Korea just elected a pro bitcoin president who promised to

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<v Speaker 1>legalize spot bitcoin ETFs and scrap unfair regulation. See where

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<v Speaker 1>the puck is heading, that's where we want to skate,

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<v Speaker 1>two folks. Global adoption of cryptos happening. It's not making

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<v Speaker 1>the major major headlines right. People are focused on other things.

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<v Speaker 1>But this is an opportunity of a lifetime because it's

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<v Speaker 1>a very young acid class. If we were doing this

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<v Speaker 1>in another time where a new asset was being launched,

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<v Speaker 1>when maybe gold ETFs or launch, I'll be telling you

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<v Speaker 1>get into goal etf right, because look at what happened

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<v Speaker 1>with gold when stocks first came around, or stocks for

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<v Speaker 1>new industries like the internet and other things. Get into

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<v Speaker 1>those stocks, right because you would be an early adopter

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<v Speaker 1>and you'd want to follow what's happening, who's building what,

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<v Speaker 1>and much more same thing applies here with crypto. Now,

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<v Speaker 1>crypto moves much faster. There's a further upside because there's

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<v Speaker 1>a true hardcap on the asset and it's trading globally,

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<v Speaker 1>so you have liquidity coming in from all markets, unlike

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<v Speaker 1>stock market, and certain assets can only be accessible by

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<v Speaker 1>certain folks due to traditional guardrails and restrictions. But crypto,

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<v Speaker 1>you just have a cell phone, you have internet connection.

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<v Speaker 1>You could be in some country in Africa, you could

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<v Speaker 1>be somewhere in New Zealand, you can be in Greenland

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<v Speaker 1>or whatever, and you can access by a fraction of

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<v Speaker 1>bitcoin and eat the next RP and much more. There's

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<v Speaker 1>never been anything like that that's trading twenty four to

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<v Speaker 1>seven real time right. That is what's incredible about this

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<v Speaker 1>class and why there's so much potential now, folks. A

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<v Speaker 1>great place that you can buy and sell crypto is

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<v Speaker 1>on Uphold. You can also stay crypto on this platform.

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<v Speaker 1>I've been using Upholls since twenty eighteen. They have over

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<v Speaker 1>three hundred plus crypto currencies a bitcoin in all the

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<v Speaker 1>top all coins, folks. They are fully reserved, they don't

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<v Speaker 1>com mingle or lend out your funds. They're safe and

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<v Speaker 1>trustworthy or I've never had any problems with them, and

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<v Speaker 1>you can read their transparency report and see that they

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<v Speaker 1>have everything in order. They also have a great rewards

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<v Speaker 1>program where you can earn up to five point two

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<v Speaker 1>five percent on stable coins, and part of this rewards

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<v Speaker 1>program you get twenty four hour early access to new

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<v Speaker 1>tokens that they list, so the tokens they support our

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<v Speaker 1>Ripples r L USD. You can earn five percent on

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<v Speaker 1>that USBC and you can earn up to five point

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<v Speaker 1>two five percent on that. To participate in this, every

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<v Speaker 1>month you have to check in on the apps to

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<v Speaker 1>log in, deposit fifty dollars once per month, and trade

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<v Speaker 1>fifty dollars once per month. So a really great rewards program.

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<v Speaker 1>And I interviewed the CEO and many representatives and their

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<v Speaker 1>doing this the right way. So if you'd like to

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<v Speaker 1>learn more, please visit the link in the description. Now, folks,

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<v Speaker 1>we've got to report here that Ripple CEO Brad garling

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<v Speaker 1>House says Ripple never made a bid to acquire Circle,

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<v Speaker 1>contradicting recent reports. So here's the thing. There's nothing stopping

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<v Speaker 1>anyone from calling up someone in the media and saying, hey,

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<v Speaker 1>Ripple's trying to you know, acquire so is coinbase, and

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<v Speaker 1>it could be someone from Circle doing that, or someone

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<v Speaker 1>who has a stake in Circle, you know, an outside

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<v Speaker 1>investor because they want the valuation to go up. These

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<v Speaker 1>are things that have happened in all the markets to

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<v Speaker 1>stock market for sure. Right. I don't know if that's illegal,

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<v Speaker 1>but you know we've seen this in movies and in

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<v Speaker 1>books and much more. Right, people have relationships and they

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<v Speaker 1>just call up and off the record, hey I heard

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<v Speaker 1>this right, And they're not saying I'm the one generating this,

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<v Speaker 1>but I'm hearing this rumor that Ripple. But that benefits

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<v Speaker 1>Circle because it shows people want to you know, acquire

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<v Speaker 1>a Circle. It helps them to erase their valuation. So

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<v Speaker 1>if you're a private equi holder in Circle, that's good

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<v Speaker 1>for you, right, because you want the valuation to be

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<v Speaker 1>as high as possible. And we just reported yesterday that

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<v Speaker 1>there's the Circle is aiming for what's seven point two

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<v Speaker 1>billion or something like that. So interesting update here and

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<v Speaker 1>we'll see how this all plays out. Now on the

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<v Speaker 1>Ripple front, there's also more news where Ripple's stable coin

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<v Speaker 1>r l u s D has been recognized as a

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<v Speaker 1>crypto token under the d FSA's regime in Dubai. So

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<v Speaker 1>big win here for Ripple. They continue to expand their

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<v Speaker 1>services and they continue to expand their network for XRP

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<v Speaker 1>as well as their stable coin r l USD. So

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<v Speaker 1>pretty big update here. And finally, Eleanor Tarot is reporting

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<v Speaker 1>that the Senate Agriculture Committee has scheduled a nomination for

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<v Speaker 1>hearing for CFDC chair nominee Brian contends on Tuesday, June tenth.

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<v Speaker 1>So Brian contends, he's absolutely the man I would love

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<v Speaker 1>to see as the CFDC chair. I interviewed him a

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<v Speaker 1>couple of times over the years. He then went from

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<v Speaker 1>the CFTC to go work at A sixteen Z and

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<v Speaker 1>now he's going to be a CFDC chairman. So this

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<v Speaker 1>is really great and I hope everything goes smoothly here,

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<v Speaker 1>just as you did with Paul Atkins. So he absolutely

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<v Speaker 1>gets crypto, so you can imagine he's going to do

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<v Speaker 1>some things that are favorable and balance and write for

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<v Speaker 1>the crypto industry and asset class.

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<v Speaker 3>Folks.

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<v Speaker 1>That's the news. Let me know what you think, especially

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<v Speaker 1>around all the Trump news with crypto. Pretty wild stuff

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<v Speaker 1>with the wallet, but bullish news on the big one

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<v Speaker 1>ETF filing and folks. A great way you can support

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<v Speaker 1>me is by subscribing to my free email newsletter. It's

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<v Speaker 1>one hundred percent free. Link will be in a description.

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<v Speaker 1>Check out my book on Amazon, it's available in paperback

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<v Speaker 1>in digital, and my course at Mycrypto course dot com.

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<v Speaker 1>This is a comprehensive course that teaches you every aspect

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<v Speaker 1>of crypto. Expand your knowledge and understand everything that's happening

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<v Speaker 1>in this acid class folks, So check out all the

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<v Speaker 1>links in the description. Thank you all for watching and listening.

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<v Speaker 1>I appreciate you all, and I'll talk to you all later.