WEBVTT

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<v Speaker 1>You won't believe this news. The interview with Ripple CEO

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<v Speaker 1>Brad Garlinghouse was aired on sixty Minutes tonight, but they

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<v Speaker 1>brought in an SEC official who told a whole bunch

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<v Speaker 1>of lies about crypto, talked a whole bunch of fud

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<v Speaker 1>I'll share the details with you and what people are saying.

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<v Speaker 1>And Amazon shareholders want the company to add bitcoin to

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<v Speaker 1>its balance sheet. This is huge game theories playing out.

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<v Speaker 1>Let's get into it. Hey, everybody, welcome into the Thinking

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<v Speaker 1>Crypto podcast, your home for cryptocurrency news and interviews. I'm

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<v Speaker 1>your host, Tony Edward. On your way in, Please sit

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<v Speaker 1>that subscribe button as well as the thumbs up button

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<v Speaker 1>and leave a comment below. If you're listening on a

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<v Speaker 1>podcast platform such as Spotify or Apple, please leave a

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<v Speaker 1>five star reading and review. Folks, Let's start by looking

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<v Speaker 1>at the price of bitcoin, because bitcoin had a very

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<v Speaker 1>bullish weekly close. Right now, it's sitting below one hundred thousand.

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<v Speaker 1>It's been chopping between ninety nine and one hundred and

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<v Speaker 1>one thousand dollars. That's normal and healthy consolidation. Now I've

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<v Speaker 1>been saying bitcoin could putent, actually roll over and go

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<v Speaker 1>Test eighty eight or eighty thousand, so just be mentally

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<v Speaker 1>prepared for that. That would be incredibly healthy and normal.

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<v Speaker 1>It's things that have happened in the bull market, and

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<v Speaker 1>if you zoom out on a chart, you see that

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<v Speaker 1>type of pattern happened historically. But one thing is for sure,

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<v Speaker 1>we are headed to higher prices. And in fact, Bitcoin

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<v Speaker 1>closed its highest ever daily candle and weekly close and

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<v Speaker 1>it closed above one hundred and one thousand, but obviously

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<v Speaker 1>has pulled back since then. Same thing with XRP. It

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<v Speaker 1>is consolidating. It's currently at two dollars and forty nine cents,

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<v Speaker 1>and it could also roll over and test some lows

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<v Speaker 1>like two dollars or whatever it may be. But blockchain

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<v Speaker 1>Backer highlighted here that XRP had its second highest weekly

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<v Speaker 1>closed in history and closes the weekly candle above the

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<v Speaker 1>seven to two retrace of the twenty eighteen and twenty

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<v Speaker 1>twenty four range. So we are seeing higher highs and

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<v Speaker 1>higher lows and support levels being built and resistance being

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<v Speaker 1>broken through. All healthy stuff. But once again, make sure

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<v Speaker 1>you are mentally prepared with the pullbacks. I've been in

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<v Speaker 1>bull markets where we've seen thirty to forty percent pullbacks

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<v Speaker 1>and it can be stomach churning, especially if you're new

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<v Speaker 1>to the market. For me, it's just business as usual

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<v Speaker 1>because I've gone through the meat grinder and I've gained

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<v Speaker 1>the experience. I've been able to learn the market cycles,

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<v Speaker 1>the charts, and what metrics to look at to see

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<v Speaker 1>if this is the end of the story or the

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<v Speaker 1>music stops here or it continues. So right now we

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<v Speaker 1>are still in the midst of the bullmarket. Things are

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<v Speaker 1>heating up, but expect pullbacks and corrections guys. That will

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<v Speaker 1>be very healthy. And as far as the next price target,

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<v Speaker 1>analyst Mmcrypto who his name is Chris, Actually he was

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<v Speaker 1>on my podcast a couple months ago, he tweeted out

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<v Speaker 1>his next target for xrps three dollars and five cents.

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<v Speaker 1>So let's see what happens, guys. And in the total

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<v Speaker 1>all point market cap, it's weekly closed above four hundred

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<v Speaker 1>and twenty five billion dollars for the first time since

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<v Speaker 1>November twenty twenty one, so of course that was the peak.

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<v Speaker 1>November twenty twenty one was the peak of the bullmark

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<v Speaker 1>for that last cycle. So you can see we still

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<v Speaker 1>have to make new highs. Right, we haven't even broken

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<v Speaker 1>through the new highs. So we are in the phase

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<v Speaker 1>of catching up to the previous all time highs. Then

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<v Speaker 1>once we break through, we enter into price discovery, and

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<v Speaker 1>that's what we want to see for XRP. It happened

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<v Speaker 1>for Bigcoin already Bigcoin already in price discovery once it

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<v Speaker 1>broke that all all time high. So, guys, things are

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<v Speaker 1>looking bullish, but once again having the back of your

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<v Speaker 1>mind that corrections and pullbacks will happen on the way up. Now,

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<v Speaker 1>I'm not sure how many of you caught these sixty

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<v Speaker 1>minutes interview with Ripple CEO Brad garling House. It's online.

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<v Speaker 1>I took a look at it, and overall it was good.

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<v Speaker 1>It gave a lot of exposure to the crypto industry,

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<v Speaker 1>XRP and Ripple A major win is for example, they

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<v Speaker 1>show that XRP rally three hundred percent and it's up

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<v Speaker 1>and so forth. And they also talked about how crypto

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<v Speaker 1>was impacting the elections and all the things that were happening. However,

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<v Speaker 1>what a lot of people didn't know. They brought in

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<v Speaker 1>John Reid Stark, the Gary Genser Brownoser himself. This guy

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<v Speaker 1>actually blocked me about a year ago because I started

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<v Speaker 1>calling out his bullshit because he goes around echoing the

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<v Speaker 1>nonsense talking points that Elizabeth Warren and Gary Ginster usually say,

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<v Speaker 1>and that crypto has no utility, it's a scam and

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<v Speaker 1>much more so, he went on there and said all

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<v Speaker 1>these things, guys, and that was surprising. I didn't expect that.

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<v Speaker 1>And he's a clown. So, like I said, he's a

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<v Speaker 1>Gary Against Brown noser. He also stated that all these

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<v Speaker 1>things are securities and on and so on and so on. Right,

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<v Speaker 1>so it's pretty much like a Gary Gainster carbon copy

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<v Speaker 1>that was there and sixty minutes did a bad job

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<v Speaker 1>of countering those things because they didn't even say a

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<v Speaker 1>federal judge ruled that XRP intrinsically was not a security.

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<v Speaker 1>How do you not highlight that? Right? And Brad, actually,

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<v Speaker 1>I'll share a tweet with you, he said he did

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<v Speaker 1>mention that. And in addition, they did not highlight the

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<v Speaker 1>losses the SEC took in court, such as the ETF

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<v Speaker 1>being called arbitrary and capricious. They hid all those things

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<v Speaker 1>that Gary against and the SEC met with Sam Bamfert

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<v Speaker 1>freed and the FTX. So the fix is in here

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<v Speaker 1>right to high those facts. Those are not like subjective statements.

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<v Speaker 1>Those are hardcore facts. These are rulings on the court

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<v Speaker 1>and much more. But sixty Minutes is going to try

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<v Speaker 1>to protect the government as much as possible. It's mainstream media, right,

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<v Speaker 1>They're not going to highlight all these things that happened.

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<v Speaker 1>That once again, Gary Against met with Sam bankmcfred and

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<v Speaker 1>FTX officials multiple times and under their watch, Sam Bamfon

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<v Speaker 1>Freed was doing all these things. So there you have it, right,

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<v Speaker 1>the fix was in. But I think once again overall good.

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<v Speaker 1>Brad garling House said he wants to comment on a

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<v Speaker 1>few things after watching the interview. He said, I spoke

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<v Speaker 1>with Margaret Brennan sixty minutes for ninety plus minutes straight

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<v Speaker 1>when discussing the SEC's misguided lawsuit against Ripple. Sixty Minutes

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<v Speaker 1>shockingly left out the federal judge rule that XRPI is

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<v Speaker 1>not a security against their shill, John Reed Stark knows

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<v Speaker 1>better despite his comments that sixty Minutes chose to air lastly,

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<v Speaker 1>to say crypto has no UT is exactly what the

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<v Speaker 1>naysayers said about the Internet in its earliest days, that

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<v Speaker 1>it's not more than an illicit activity. How vastly they

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<v Speaker 1>were proven wrong today even JP Morgan is coming around

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<v Speaker 1>on blockchain. Conveniently, sixty minutes also failed to mention that

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<v Speaker 1>Ripple is doing billions of dollars of kyc led transactions

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<v Speaker 1>for our institutional customers, leveraging XRP to move money cross

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<v Speaker 1>border more efficiently than traditional payment rails. So once again

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<v Speaker 1>a bit of a fix there, But overall, it's good

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<v Speaker 1>visibility because the general population got to see kind of

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<v Speaker 1>the full view of crypto and what crypto has been doing,

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<v Speaker 1>and how Ripple's building as a company not looking to

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<v Speaker 1>scam anybody, and things like that, because FTX was brought

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<v Speaker 1>up and Brad was asked about FTX, but once again

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<v Speaker 1>no mention of what Sam Beck mcfree was doing with

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<v Speaker 1>a lot of the politicians and meeting with Gary Gens

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<v Speaker 1>and so forth. Right, big the cover up there and

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<v Speaker 1>these are factual things. So there you have it, folks.

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<v Speaker 1>Let me share what some other people are saying. Easy A,

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<v Speaker 1>he's the co founder, he said this summer a federal

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<v Speaker 1>judge will xrpa's not a security but sixty Minutes deliberately

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<v Speaker 1>chose to leave this out of their interview with Brady

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<v Speaker 1>Garland House. We need more honest media surrounding Crypto attorney

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<v Speaker 1>Fred Rispoli says have only watched clips on X but

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<v Speaker 1>it seems likely that sixty minutes rippless segment was not

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<v Speaker 1>well researched and or unfairly edited by the show's team.

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<v Speaker 1>I mean, having John read Stark on did the show

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<v Speaker 1>at least inform the audience. This guy is the biggest

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<v Speaker 1>homer for the SEC. You could get to Fred's right here, right,

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<v Speaker 1>we know who John reads Stark is, and but you

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<v Speaker 1>know they're going to try to cover up for the

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<v Speaker 1>SEC and not have the SEC get to embarrass Now.

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<v Speaker 1>The other day, I told you guys about Caroline Crenshaw,

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<v Speaker 1>Democrat commissioner at the SEC, who is outright anti crypto,

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<v Speaker 1>and she voted against the Bitcoin ETF approval even after

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<v Speaker 1>the judge or the judge is ruled that the SEC

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<v Speaker 1>acted arbitrary and capricious. So this person went against the

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<v Speaker 1>law and writing a letter of descent and much more. Well,

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<v Speaker 1>I told you guys you should kick Rocks and I

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<v Speaker 1>hope she doesn't get voted in, but even if she does,

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<v Speaker 1>she's outnumbered. Coinbased CEO Brian Armstrong weighed in as well,

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<v Speaker 1>saying Caroline Crenshaw was a failure as an SEC commissioner

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<v Speaker 1>and should be voted out. She tried to block the

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<v Speaker 1>big coin et apps and was worse than gainst her

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<v Speaker 1>in some issues which I didn't think was possible. The

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<v Speaker 1>Senate Banking Committee should take note. The crypto community is

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<v Speaker 1>watching this vote. I'm told it will be factored into

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<v Speaker 1>the stand with crypto scorecards or politicians. I love it.

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<v Speaker 1>We got to keep them accountable. Guys. All right, guys.

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<v Speaker 1>Quick word from our sponsor, and that is a v chain,

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<v Speaker 1>BMW Boston Consulting Group, Pwcgivon, she Walmart China and many

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<v Speaker 1>other big companies. And some of the great attributes of

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<v Speaker 1>the v chain blockchain includes secure, affordable, scalable, fast, and sustainable.

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<v Speaker 1>I've been a VET token holder for years, so if

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<v Speaker 1>you'd like to learn more about v chain, go to

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<v Speaker 1>vchain dot org. Link will be in the description. Now, guys,

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<v Speaker 1>check this news out. Amazon shareholder, the National Center for

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<v Speaker 1>Public Policy Research submits proposal for Amazon to adopt bitcoin

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<v Speaker 1>as a treasure reserve asset. So, if you recall, the

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<v Speaker 1>shareholders of Microsoft did the same thing about a month ago.

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<v Speaker 1>Michael Saylor in fact, went and spoke to their respective

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<v Speaker 1>board of Microsoft, and we'll see if they vote to

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<v Speaker 1>get this done. I think the vote is this week.

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<v Speaker 1>But guys, I tweeted out about this. This is the

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<v Speaker 1>start of something big. This is not a fad. And

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<v Speaker 1>here's here are my reasons. Number one, Blackrock has given

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<v Speaker 1>the market the green light for bitcoin, and they are

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<v Speaker 1>financializing bitcoin for tradfi, just as they have for other

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<v Speaker 1>commodities and movements like ESG. Remember when Blackrock went all

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<v Speaker 1>in on ESG and all that stuff and noticed the

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<v Speaker 1>pressure it put on the rest of Wall Street and companies.

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<v Speaker 1>They're going to do the same thing with bitcoin. We

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<v Speaker 1>know Blackrock is connected to the government. They did a

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<v Speaker 1>lot of stuff in two thousand and eight, even in

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<v Speaker 1>twenty twenty with buying homes and much more. And Blackrock

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<v Speaker 1>kind of sets the standard as the world's largest asset manager, right.

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<v Speaker 1>I don't think I need to explain the dynamics there.

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<v Speaker 1>So they've been accumulating bitcoin at a rapid pace, and

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<v Speaker 1>essentially they're going to force everyone to participate in one

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<v Speaker 1>way or the other. Second, Michael Sailor and Micro Strategy

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<v Speaker 1>have laid out the blueprint and shown the success of

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<v Speaker 1>the raising debt and issuing bonds and all these things

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<v Speaker 1>and how impactful that can be to their stock price.

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<v Speaker 1>So that is going to be very appealing to many

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<v Speaker 1>of these companies who are publicly traded. Of course, Number three,

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<v Speaker 1>the global race for bitcoin as a strategic reserve kicked

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<v Speaker 1>off by the United States being headed up by senators

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<v Speaker 1>and the Alummis and of course Donald Trump endorsing it.

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<v Speaker 1>So I think you see where we're headed, guys. Right,

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<v Speaker 1>It's not a matter of if, it's a matter of when.

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<v Speaker 1>And I think eventually all these companies are going to capitulate,

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<v Speaker 1>and it takes some of these big dominoes to fall,

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<v Speaker 1>and the rest of Wall Street and corporate America is

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<v Speaker 1>going to follow, guys. Because if you watch what black

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<v Speaker 1>Rock is doing, the non stop buying, they're going to

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<v Speaker 1>pass to Toshi's holdings. They've been moving some of their

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<v Speaker 1>bitcoin ETFs into their other funds, so it's actually bolstering

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<v Speaker 1>those other funds. I mean the writings on the wall here, guys.

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<v Speaker 1>So that's why I think this is going to happen

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<v Speaker 1>sooner than later. And you were seeing ETFs for bitcoin

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<v Speaker 1>and ethereum and other assets being launched globally. And let's

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<v Speaker 1>see what happens next year with the Bitcoin Strategic reserve.

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<v Speaker 1>It could simply be that the United States just holds

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<v Speaker 1>on to the bitcoin they have already about two hundred

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<v Speaker 1>plus thousand, and you know that becomes their treasure reserve,

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<v Speaker 1>and maybe they add over time. But the adding over

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<v Speaker 1>time might be a hard sell because it has to

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<v Speaker 1>go through Congress, of course, But just simply keeping what

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<v Speaker 1>they have is an easy, easy thing. So very interesting

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<v Speaker 1>times that we live in, folks. This is why I'm

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<v Speaker 1>bullish on this acid class. This is why there's going

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<v Speaker 1>to be some bigcoin. I'm never selling. Yes, I'll be

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<v Speaker 1>taking some profits this cycle, of course, buying the bloody

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<v Speaker 1>bear market again as we head into twenty twenty seven

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<v Speaker 1>and so on and so forth. But I'm preparing for

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<v Speaker 1>the next bull market cycle as well, guys, to squeeze

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<v Speaker 1>as much profit out of this acid class. Guys, so

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<v Speaker 1>let me know what you think. Leave your thoughts and

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<v Speaker 1>comments below. Guys, A great way you can support me

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00:12:36.240 --> 00:12:39.000
<v Speaker 1>is by subscribing to my free email Loser. It's one

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<v Speaker 1>hundred percent free on substack, and grab a copy of

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<v Speaker 1>my book, Rethinking Crypto. It's available on Amazon and paperback

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<v Speaker 1>and digital. You can buy a copy for yourself, buy

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<v Speaker 1>a few copies for your friends and family who want

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<v Speaker 1>to learn about Crypto, help them to not get wrecked.

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<v Speaker 1>Education and knowledge is power, guys. So the book talks

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<v Speaker 1>about Crypto's past, president and future, all the fun with

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<v Speaker 1>the sec versus ripple ft X, and then hy Wall

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<v Speaker 1>Street's here issuing ETFs and tokenizing it much more. And

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<v Speaker 1>if you bought a copy already, please leave a rating review.

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<v Speaker 1>It will really help me out. Thank you, guys. I

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