Speaker 1: I've got bullish news for you. The three crypto bills
Speaker 1: have passed in the House. The stable Coin Market Structure
Speaker 1: and Anti CBDC bills have passed, and the stable coin
Speaker 1: bill goes to Trump for signatures tomorrow. This is massive
Speaker 1: and XRP has entered price discovery, blasting through the old
Speaker 1: all time highs. Let's get into it, hey, folks, Welcome
Speaker 1: into the Thinking Crypto Podcast. I'm your host, Tony Edward.
Speaker 1: On your way in. Please sit that subscribe button as
Speaker 1: well as the 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: If you look at the total market cap right now,
Speaker 1: it is in new all time highs at three point
Speaker 1: nine two trillion dollars Bitcoin over one hundred and twenty
Speaker 1: thousand dollars ethereum near thirty six hundred dollars. XRP new
Speaker 1: all time highs at three dollars and sixty two cents. Folks,
Speaker 1: it is up near forty three percent over the past
Speaker 1: seven days. XRP is ripping, hitting new all time highs.
Speaker 1: This is what I've been telling you. The thesis is
Speaker 1: playing out beautifully here. All of this is following global
Speaker 1: liquidity and we're seeing the rotation of liquidity threety assets right,
Speaker 1: Bitcoin pump to one hundred and twenty three k, hit
Speaker 1: its overbod zone. Then the rotational liquidity started hitting etherorem XRP.
Speaker 1: It will make its way to the mid caps and
Speaker 1: then the small caps. Folks, It's beautiful. I mean, look
Speaker 1: at the sea of green in the market here. Even
Speaker 1: Solana is joining the game. Solana is over one hundred
Speaker 1: and eighty bucks. You got dose coin over twenty three cents,
Speaker 1: Cardono over eighty five cents. Things are looking really good.
Speaker 1: And remember this thing runs in phases, so you will
Speaker 1: have pullbacks, you will have volatility. You have to expect that.
Speaker 1: You have to keep that in the back of your mind. Man.
Speaker 1: But when I look at the total market cap here
Speaker 1: on the chart, it is an amazing thing to see.
Speaker 1: And this is the bull market. Remember all the people
Speaker 1: in the common section call me a clown and the
Speaker 1: idiot saying we were in a bear market. The market top.
Speaker 1: I'm going to take the high road. I'm not going
Speaker 1: to rip them to shreds, but I'm going to say this.
Speaker 1: I hope you learn what is happening in the market
Speaker 1: and how to read the markets. If you look at
Speaker 1: XRPS chart, my god, that's a bullish chart, folks, new
Speaker 1: all time highs. I refresh my portfolio today, and to
Speaker 1: say the least, I'm very happy my XRP holdings, my
Speaker 1: Ethereum holdings are up. Obviously Bitcoin is up as well,
Speaker 1: and I have other coins in my portfolio. But what
Speaker 1: an amazing time to be in this market. If you
Speaker 1: look at the Etheroreum chart, also very very bullish. And
Speaker 1: you know, some of the factors I've been sharing with
Speaker 1: you guys NonStop on the live stream in my newsletter
Speaker 1: on the podcast is bitcoin dominance, and you can see
Speaker 1: that isn't a free fall. So of course these are
Speaker 1: the metrics we're looking at. So the important thing that
Speaker 1: we need to keep in mind, like I said, there's volatility.
Speaker 1: Bitcoin dominance is hitting the over soul zone and these
Speaker 1: all coins like XRP are in the overbod zone. So
Speaker 1: you can see things are becoming overheated and there's going
Speaker 1: to be a reversal, so anticipate the reversal. But as
Speaker 1: many of you know, things are going to continue to
Speaker 1: heat up. We're gonna hit new highs. It's gonna get
Speaker 1: euphoric and greedy. The herd is gonna come in. It
Speaker 1: will almost seem like they will never be at top.
Speaker 1: That's the feelings and the emotions that come in. But
Speaker 1: we do not invest with our feelings or emotions. As
Speaker 1: happy as we are to see the prices up, this
Speaker 1: is the time we want to start to get fearful.
Speaker 1: Why we're doing the contrarian move against the herd who
Speaker 1: are going to come in, the dumb money crowd. And
Speaker 1: if you are planning to take profits, this is the
Speaker 1: time to pay attention. Don't walk away from the market.
Speaker 1: Have your profit taking plan. I will be taking profits,
Speaker 1: of course, and I will let you guys know, hey,
Speaker 1: I'm completely out of the market or I've took profits
Speaker 1: at this respective price point. So stick with me, folks,
Speaker 1: and make sure you are subscribed with the notification bell.
Speaker 1: On the other factor, tether dominance, the stable coin liquid
Speaker 1: it is in a free fall as well, currently at
Speaker 1: four point one four percent, and when that thing breaks
Speaker 1: below four percent, guys, it's going to go lower, obviously,
Speaker 1: but it's going to trigger massive liquidity coming into bigcoin
Speaker 1: in all coins, so incredible, incredible stuff here. Now, I
Speaker 1: know some of you hold other all coins further down
Speaker 1: the list, like maybe all coin number one hundred or
Speaker 1: two hundred. Right, well, let's look at the total market
Speaker 1: cap excluding bitcoin, ethererem and stable coins, and look at that.
Speaker 1: We are on the rise. We have not hit new
Speaker 1: all time highs yet, but again, this thing runs in phases,
Speaker 1: so you can see here we're on our way up.
Speaker 1: We are at near eight hundred billion, and we haven't
Speaker 1: passed what we hit the high that we hit in
Speaker 1: Q four of twenty twenty four, which was near or
Speaker 1: actuld say, yeah, nine hundred and forty eight billion, So
Speaker 1: we got some ways to go, but you can see
Speaker 1: we're climbing the ladder. We're stare stepping our way out
Speaker 1: of these corrective zones and we're going to make new
Speaker 1: highs and this market is going to go parabolic. It's
Speaker 1: going to get exciting. And I want to remind you
Speaker 1: all of this is following global liquidity. Right. You see
Speaker 1: the stock market hitting new all time high. As real estate,
Speaker 1: you also have precious metals gold and silver have been
Speaker 1: on the rise. You got the collectible's market obviously, crypto
Speaker 1: so liquidity slashing around in different markets, but that does
Speaker 1: not last forever. So this is why it's critical to
Speaker 1: understand where we're at in the cycle and where we're
Speaker 1: headed and what is going to follow. Every bull market
Speaker 1: is followed by a bear market. Just look at the
Speaker 1: stock market. It's been around longer than crypto, it still
Speaker 1: experiences bear market because this thing is all following liquidity. Now,
Speaker 1: as I've been sharing with you guys, the global liquidity
Speaker 1: tracker right now is topping out in November. It doesn't
Speaker 1: mean that we can't rebound, but as of right now,
Speaker 1: as of today, the data we have showing that topping
Speaker 1: out there. So this rally could continue to Q four
Speaker 1: and then top out, or maybe there's a pullback and
Speaker 1: then it continues hiringto Q one twenty twenty six. I
Speaker 1: don't know, all right, So I don't have a crystal ball,
Speaker 1: but I'm going to use the data I have today
Speaker 1: to validate my thesis versus my gut feeling or feelings
Speaker 1: and emotions. We don't want to invest like that, right, folks.
Speaker 1: So the thesis is playing out beautifully here. I hope
Speaker 1: you understand. I hope you stuck with me because things
Speaker 1: are about to get euphoric, exciting. Some of you are
Speaker 1: going to make life changing money. As I've been saying,
Speaker 1: make sure you have a plan for that money so
Speaker 1: you don't get hit with sudden wealth syndrome. You cater
Speaker 1: for taxes, to pay off your debt, bolster up your retirement,
Speaker 1: spend some of course, obviously, so just know what you're
Speaker 1: doing right because you want to be smart with your money. Guys,
Speaker 1: And I speak from experience, I speak from you know stories.
Speaker 1: I've heard of other people that I know you have
Speaker 1: gone through these things and they wish they had a
Speaker 1: plan and they did things better. So please understand all
Speaker 1: of the implications of making these great returns because nothing
Speaker 1: moves like crypto. Man. It's like Paul Tudor Jones said,
Speaker 1: Bitcoin and crypto are the fastest horses in the race,
Speaker 1: in the race amongst assets. So it's bullish times. Anticipate pullbacks, corrections, volatility,
Speaker 1: but we're going to keep going higher following global liquidity. Now, folks,
Speaker 1: quick word from our sponsor, and that is Proppy. Propy
Speaker 1: is a leader in the space of putting real estate
Speaker 1: on chain. You can buy and sell real estate on
Speaker 1: Propy using crypto, which is amazing, and their platform is
Speaker 1: of course powered by a blockchain. They have a token
Speaker 1: called the pro token. I've been invested in that token
Speaker 1: since twenty eighteen because when I started investing in crypto
Speaker 1: and going into different tokens, I noticed that Propy was
Speaker 1: the only one in the real estate swim lane, so
Speaker 1: to speak. And they've been tokenizing deeds, creating NFTs for properties.
Speaker 1: They facilitated over four billion dollars in transactions and they've
Speaker 1: been doing this since twenty seventeen. And they use coinbase
Speaker 1: for their crypto escro service. And when you're buying and selling,
Speaker 1: so we all know, real estate's going to be tokenized
Speaker 1: along with other assets, and Propy is leading that charge, folks. So,
Speaker 1: like I said, I've been an investor for many years,
Speaker 1: even before it became a sponsor in full transparency, and
Speaker 1: I continue to hold the token. I'm bullish on the token,
Speaker 1: And if you like to learn more about Propy, visit
Speaker 1: the link in the description. Now, folks, I'm sure many
Speaker 1: of you heard, and that is the three crypto bills
Speaker 1: have passed in the House. This is why I was
Speaker 1: telling you guys over the past couple of days don't worry.
Speaker 1: They're going to get it done right. It's just the
Speaker 1: normal politics. It moves like molasses. They always throw with
Speaker 1: some monkey wrench in the system, but they get it done.
Speaker 1: And the Genius Act, the stable coin bill, as I've
Speaker 1: been highlighting, has geopolitical implications with the US dollar and
Speaker 1: US treasuries. So Tom Emmer, he tweeted out today, passed
Speaker 1: the Genius Act will create a clear, regulatory stable coin
Speaker 1: framework for asset innovators to thrive in the US, bring
Speaker 1: our payment system into the tw twenty first century, and
Speaker 1: preserve the dollars dominance as the world reserve currency. So
Speaker 1: highlighting the Genius Act, which is a stable coin bill
Speaker 1: being passed. The Clarity Act was also passed, and the
Speaker 1: Anti CBDC Act was passed. Now the stable cooin bill,
Speaker 1: the Genius Act, goes to President Trump and he will
Speaker 1: sign that. They said by tomorrow apparently, so once that
Speaker 1: sign expect major stable coin innovation. We're going to see
Speaker 1: the big banks launcher stable coins. We've already heard from
Speaker 1: the banks. Bank of America's CEO said they're going to
Speaker 1: launch your own stable coin. Apparently there's a joint conglomerate
Speaker 1: among these banks JP Morgan, Wells, Fargo and much more
Speaker 1: than want to launch a joint stable coin. So you
Speaker 1: are going to see stable coins pop up everywhere, and
Speaker 1: that's very good for the crypto acid class as well
Speaker 1: as the US dollar. Now, the Clarity Act, the Market
Speaker 1: Structure Bill, and the Anti CBDC Bill, they're going to
Speaker 1: go to the Senate, and as David Sachs the White
Speaker 1: House Cryptos are said about a few weeks ago, that's
Speaker 1: going to be voted on in September, so after the
Speaker 1: August recess. And this is where that coincides potentially with
Speaker 1: the top of the market. Now that's the bigger bill
Speaker 1: because it will rule on many things. What's the security,
Speaker 1: what's not the SEC's role, the cfdc's role, you got DeFi,
Speaker 1: you got staking, you have so many things right now.
Speaker 1: It doesn't cover every aspect of crypto, but it covers
Speaker 1: the meat and potatoes, the main stuff. So that is
Speaker 1: even more bullish than the stable cooin bill from a
Speaker 1: crypto market perspective. Right, So, just an amazing, amazing win. Here.
Speaker 1: Let me give you some of the details. Eleanor Terry
Speaker 1: Recap is saying the Clarity Act passing to vote two
Speaker 1: ninety four to one thirty four, with seventy eight Democrats
Speaker 1: voting in favor. That is more than double the thirty
Speaker 1: five that was expected, and more than the seventy one
Speaker 1: who voted to pass the FIT twenty one bill last year. Now,
Speaker 1: if he caught my recent interview with Congressman Frenchill, the
Speaker 1: FIT twenty one is the Clarityact. They just changed the
Speaker 1: name and made some updates to it. Genius Act passed
Speaker 1: in a vote of three hundred and eight to one
Speaker 1: twenty two, with one hundred and two Democrats voting in favor.
Speaker 1: That's a lot of Democrats, But the Democrats know that
Speaker 1: this is important to the United States sustainability of the
Speaker 1: world reserve currency and dollar dominance, so that's why that
Speaker 1: number is high. The Anti CBDC Act passed in a
Speaker 1: vote of two nineteen to two ten with two Democrats
Speaker 1: voting in favor. Now, a lot of Democrats following Elizabeth Warren,
Speaker 1: they love that CBDC setup. But I've been telling you guys,
Speaker 1: watch that joint stable coin if it comes from the banks,
Speaker 1: because that is a CBDC with a different face and
Speaker 1: name on it. All those banks are plugged into the
Speaker 1: Fed and Treasury. So while it's not the Fed giving
Speaker 1: you a wallet in CBDC, they're putting it through their buddies,
Speaker 1: the JP, Morgan and so forth. Right, we know how
Speaker 1: the system works, so we got to watch out for that.
Speaker 1: That is the CBDC that we got to watch out for,
Speaker 1: So we got to be vigilant there. But folks, what
Speaker 1: a massive win. So bullish, and you notice is going
Speaker 1: to unlock tons of capital coming into the market, tons
Speaker 1: of innovation, lots of job creation, and much more. Ripple's CEO,
Speaker 1: Brad Garlinghouse weighed in on this, saying the last major
Speaker 1: financial regulation bill was passed fifteen years ago in response
Speaker 1: to the two thousand and eight financial crisis. Tomorrow, the
Speaker 1: signing of the Genius Act cements the US's future in
Speaker 1: being a leader in truly innovative financial technology stable coins.
Speaker 1: This moment is a historic one and I for one,
Speaker 1: am looking forward to all that is to come as
Speaker 1: a result of this transformational legislation. Now Ripple is going
Speaker 1: to benefit significantly because they have a stable coin called
Speaker 1: r l USD. So it's just exciting. I'm sure everybody
Speaker 1: in the crypto market is excited about this and Look
Speaker 1: at this robin Hood and Coinbasis stock hit new highs
Speaker 1: today and another confirmation of the bullmarket. Right. So crypto companies,
Speaker 1: especially those that are public, are going to benefit significantly
Speaker 1: because the arrative is going to be out there, legislations here,
Speaker 1: So people are going to bet on these companies and
Speaker 1: their stocks because they know mass adoption is going to come.
Speaker 1: So if you hold coin based stock or robin Hood stock, congrats,
Speaker 1: and you know bitcoin mining stocks are going to go
Speaker 1: up much more circle obviously they went public. Expect to
Speaker 1: see more crypto companies go public, folks, because the clarities there,
Speaker 1: the narratives there, and we're in a bull market, so
Speaker 1: it makes sense to do that. Now, look at this Blackrock.
Speaker 1: You know they are all in on crypto. They are
Speaker 1: seeking staking option for Eischer's Ethereum trust in new filing.
Speaker 1: So this comes with no surprise. I've been telling you guys.
Speaker 1: When the SEC approves taking and the Ethereom ETFs, the
Speaker 1: inflows are going to explode because you have the yield
Speaker 1: and Blackrock they don't want to miss out. And I'm
Speaker 1: waiting for them to file for their x RP and
Speaker 1: Solana ETFs. You know they were kind of late to
Speaker 1: the game with bitcoin and eth. They came after them
Speaker 1: the other players file, but they're kind of the pillar
Speaker 1: that the SEC also gives favoritism too. That if Blackrocks participating,
Speaker 1: then you know that means we have to approve it. Unfortunately,
Speaker 1: that's how it is if you know what Blackrock is
Speaker 1: and what they've done with the government and much more so,
Speaker 1: the Nasdaq submitted and amended nineteen B dash four filing
Speaker 1: to allow staking for ether held in the aischers Etheroereum
Speaker 1: trust ETO. So if BlackRock's doing this, approval is probably
Speaker 1: right around the corner right read between the lines here, folks.
Speaker 1: We've seen this story before, so bullish times are ahead.
Speaker 1: And look, speaking of the Nasdaq, many of you may
Speaker 1: have seen my video and pictures that I posted. I
Speaker 1: was at the NASDAC today at the Nasdaq Exchange and
Speaker 1: celebrating high digital technologies. They're a bitcoin minor. I had
Speaker 1: the chairman, Frank Holmes on the podcast a couple of
Speaker 1: months back. Obviously, they're publicly listed and they're celebrating four
Speaker 1: years of being publicly listed, and it was a great
Speaker 1: experience to be at the Nasdaq. I've visit at the
Speaker 1: New York Stock Exchange. But to be at the NASDAC
Speaker 1: and to be there to ringing the closing bell was awesome.
Speaker 1: And it's just I think, an analogous to what is
Speaker 1: happening in this market, and that crypto is going fully mainstream,
Speaker 1: taking over Wall Street, taking over trad Fi, and crypto
Speaker 1: companies going public getting publicly listed. Just so much happening,
Speaker 1: tokenization ets you name it, right, folks. So as I said, though,
Speaker 1: have a plan, know what you're doing. If you are
Speaker 1: taking profits, just be prepared, guys, because I've been here
Speaker 1: for multiple bull market cycles. It doesn't last forever. There's
Speaker 1: going to be people saying this time is different. I've
Speaker 1: seen that every cycle. This time is different. This time
Speaker 1: is different. Again. Look at the stock market, it's regulated,
Speaker 1: it's been around longer, but it still experiences bear markets.
Speaker 1: Look at the real estate market, same thing. Look at
Speaker 1: precious metals, right, So you have to make sure that
Speaker 1: you understand what's happening here. Don't get overwhelmed by your
Speaker 1: feelings of happiness Euphouria Greed. Those things are normal, but
Speaker 1: don't get don't let them take over you where you
Speaker 1: lose your thinking, and don't follow the data which I've
Speaker 1: been sharing with you guys, because we want to make
Speaker 1: sure we get this thing right and we don't screw
Speaker 1: it up. Folks, that's the news. Let me know what
Speaker 1: you think. Leave your thoughts in comments below, hit the
Speaker 1: thumbs up button, and folks, if you appreciate all the content,
Speaker 1: all the stuff I've been doing, I asked that you
Speaker 1: please subscribe to my free email newsletter. It's one hundred
Speaker 1: percent free. You don't have to pay anything. It's on substack.
Speaker 1: Support me in that way it will really help I
Speaker 1: put out a newsletter every week. I'll be putting out
Speaker 1: one tomorrow. Also, grab a copy of my book on Amazon.
Speaker 1: It's available in paperback in digital. And also check out
Speaker 1: my course at Mycrypto course dot com. If you want
Speaker 1: to expand your knowledge about crypto, this is the course
Speaker 1: for you. It's a comprehensive course pack with a ton
Speaker 1: of value. Check it out, folks. All the links will
Speaker 1: be in the description. Thank you for watching the listening.
Speaker 1: I appreciate you all, and I'll talk to you all
Speaker 1: later