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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto podcast. You're home

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

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<v Speaker 1>On your way in. Please let that subscribe button as

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<v Speaker 1>well as the thumbsup button and leave a common 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>Let's start with the price of bitcoin. It cross one

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<v Speaker 1>hundred and ten thousand dollars once again, so we're seeing

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<v Speaker 1>on the daily chart here some green candles. However, Bitcoin

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<v Speaker 1>could still roll over and test some lows, so we

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<v Speaker 1>want to be cautiously optimistic. I'm happy we're seeing movement upwards,

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<v Speaker 1>but we've seen the market facus out before, and this

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<v Speaker 1>is where I'm saying, be cautiously optimistic. Let's see what

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<v Speaker 1>happens now. Of course, that perspective is from the micro.

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<v Speaker 1>From the macro. I believe we're headed to new all

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<v Speaker 1>time highs. All coins will follow all that jazz, But

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<v Speaker 1>right now we're trying to see Bitcoin show strength, start

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<v Speaker 1>grabbing liquidity, make its move to a one hundred and

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<v Speaker 1>twenty five to one hundred and thirty k hit the

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<v Speaker 1>overbought zone. Cool down, then the liquidity rotates to the

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<v Speaker 1>all coins. That is what I'm looking for, guys, So

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<v Speaker 1>let's hope fingers crossed. This is indeed the move upwards

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<v Speaker 1>to get out of this corrective phase after a very

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<v Speaker 1>strong move to one hundred and twelve thousand dollars setting

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<v Speaker 1>a new all time high. But what I'm seeing on

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<v Speaker 1>the chart, this looks really good because a lot of

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<v Speaker 1>people were calling the top of the market being in oh,

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<v Speaker 1>it's a double top cz right, But they don't show

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<v Speaker 1>chart analysis, they don't share any on chain data or

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<v Speaker 1>macro data. They just share emotions. You're going to see

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<v Speaker 1>them in the comment section. But as always, I'm sharing

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<v Speaker 1>data with you all. So let's see what bitcoin continues

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<v Speaker 1>to do this week. Once again. My hope is that

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<v Speaker 1>it keeps moving upwards and the RSI can probably enter

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<v Speaker 1>the overbod zone and once again that maybe takes us

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<v Speaker 1>to new highs of one hundred and twenty five to

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<v Speaker 1>one hundred and thirty k. We'll have to be patient

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<v Speaker 1>here and see how it plays out. But we're seeing

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<v Speaker 1>movements across the board. The stock market is in a

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<v Speaker 1>v shape recovery. Global liquidity continues to rise, the Dollar

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<v Speaker 1>Currency Index, the DXY continues to show weakness and it's

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<v Speaker 1>breaking down, all great signs. Bitcoin in the weekly chart

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<v Speaker 1>continues to look good, with the mac D still in

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<v Speaker 1>the green zone, showing the bulls have control. The weekly

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<v Speaker 1>RSI also was not in the overbought zone, so it

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<v Speaker 1>has room to run here. So all these things paint

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<v Speaker 1>a great picture for a bitcoin to continue its move.

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<v Speaker 1>We are still in a bull market, as I've been

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<v Speaker 1>telling you all based on the data, so we just

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<v Speaker 1>got to be patient and let Bitcoin do its thing,

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<v Speaker 1>and then all coins are going to have their day

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<v Speaker 1>to run. But the liquidity has to enter through Bitcoin.

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<v Speaker 1>That's just how we've seen it in the market. So

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<v Speaker 1>let's see what happens. You know, I hope bitcoin doesn't

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<v Speaker 1>fake us out because then it just takes it just

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<v Speaker 1>makes the process longer. But if it's able to just

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<v Speaker 1>keep moving up here, that will be amazing and very

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<v Speaker 1>good for everyone because even if you don't hold Bitcoin,

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<v Speaker 1>it's going to help the all coins. So this is

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<v Speaker 1>great stuff. And as Bitcoin was on the move, a

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<v Speaker 1>lot of shorts got liquidated. So the bears who are

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<v Speaker 1>trying to short bitcoin saying oh the top is en

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<v Speaker 1>see YadA, Yeah, they got liquidated. So over one hundred

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<v Speaker 1>and ten million dollars of shorts were liquidated today and

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<v Speaker 1>great chart analysis by Wrecked Capital highlighting the following saying

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<v Speaker 1>it's official. It's confirmed. Bitcoin has successfully retested one hundred

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<v Speaker 1>and four thousand, four hundred dollars a reaccumulation range high

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<v Speaker 1>resistance as new support for four straight weeks. Bitcoin is

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<v Speaker 1>rebounding from this new support base in an effort to

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<v Speaker 1>transition into price discovery again. So once we cross one

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<v Speaker 1>hundred and twelve k, which is the all time high

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<v Speaker 1>that was set recently, then we're going to head into

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<v Speaker 1>price discovery and that's when the fun part of the

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<v Speaker 1>rally begins. So as always have a profit taking plan

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<v Speaker 1>so you walk away from this bull market with money

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<v Speaker 1>in your pocket now, folks. Today was an SEC roundtable

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<v Speaker 1>which covered DeFi and Paul Atkins. The chair of the SEC,

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<v Speaker 1>had some very bullish statements to make. One of the

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<v Speaker 1>things he said is the right to have self custody

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<v Speaker 1>of one's private property is a foundational American value, So

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<v Speaker 1>essentially saying the right to custody, you're crypto self custody.

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<v Speaker 1>It is an American value. Let me play the clip

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<v Speaker 1>for you.

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<v Speaker 2>Another core feature of blockchain technology is the ability of

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<v Speaker 2>individuals to have self custody of crypto assets in a

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<v Speaker 2>personal digital wallet. The right to have self custody of

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<v Speaker 2>one's private property is a foundational American value that should

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<v Speaker 2>not disappear when one logs onto the internet. I'm in

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<v Speaker 2>favor of affording greater flexibility to market participants to self

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<v Speaker 2>custody crypto assets, especially where intermediation imposes unnecessary transaction costs

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<v Speaker 2>or restricts the ability to engage in staking and other

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<v Speaker 2>on chain activities.

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<v Speaker 1>So you heard it straight from the horse's mouth, folks.

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<v Speaker 1>That is very bullish coming from the SEC chair, a

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<v Speaker 1>complete one point eighty from a scumbag regulator, Gary Ginser.

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<v Speaker 1>Here's what Caitlin Long, founder and CEO of Custodia Bank

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<v Speaker 1>have to say about Paul Atkins's statements. She said, and

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<v Speaker 1>with this, the SEC officially begins reversing decades of attempts

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<v Speaker 1>to eradicate bearer assets from the US financial system, which

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<v Speaker 1>began with the UCC Article eight in nineteen ninety four

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<v Speaker 1>and reached its peak under Biden Slash Warren's war on

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<v Speaker 1>cash self custody of private property equals foundational. Now many

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<v Speaker 1>of you know, I'm a big believer in self custody.

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<v Speaker 1>For years, I keep telling you guys, do not put

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<v Speaker 1>your crypto in exchanges. And folks, my sponsor Treasure, they

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<v Speaker 1>make great hardware wallets that allow you to easily self

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<v Speaker 1>custody your crypto assets. I'm a user the product. I

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<v Speaker 1>use the Treasure say five and Treasure was the creator

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<v Speaker 1>of hardware wallets. The company was the ones who created

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<v Speaker 1>the hardware wallet. They were the first to pioneer this,

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<v Speaker 1>even the seed phrase set up as well. They support

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<v Speaker 1>a variety of coins including Bitcoin, XRP, Solana, Ethereum, and

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<v Speaker 1>all the top coins. They have a great software called

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<v Speaker 1>Treasure Suite to help you manage all of this. They

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<v Speaker 1>support new coins as well. They even have a handholding

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<v Speaker 1>service that can help you to set up your device

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<v Speaker 1>so you can talk to a Treasure rep And if

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<v Speaker 1>you use the code thinking crypto all one word, you

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<v Speaker 1>can get five percent off your purchase of a device. So,

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<v Speaker 1>once again, guys, hardware wallets are the way to go.

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<v Speaker 1>Self custody is the way to go. And as Paul

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<v Speaker 1>Atkins said, there it is your right to do that.

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<v Speaker 1>And we've seen exchanges get exploited and much more. It's

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<v Speaker 1>not wrong to use exchanges, but I wouldn't recommend leaving

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<v Speaker 1>your assets on exchanges. It's just very risky. So this

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<v Speaker 1>is why I hold the majority of my crypto assets

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<v Speaker 1>on Harbare waltts. So if you'd like to learn more

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<v Speaker 1>about Treasure, check out the link in the description. Now, folks,

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<v Speaker 1>I'm going to share some news that I did highlight

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<v Speaker 1>on this morning stream or for those of you who

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<v Speaker 1>missed it, I want to highlight the following and as

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<v Speaker 1>that confirms XRP, Solana Cardano and XLM in the Benchmark

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<v Speaker 1>Index via new SEC filing. So you're seeing demand for

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<v Speaker 1>more all coins and look at the names, right, pretty incredible.

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<v Speaker 1>This is much more than bitcoin. This acid class is

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<v Speaker 1>much more than bitcoin, but bitcoins a big part of it,

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<v Speaker 1>of course. But you're seeing stock exchanges like the NASDAK

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<v Speaker 1>and other stock exchanges, and banks and Wall streeters are

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<v Speaker 1>in a race to build ETF and index and financial

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<v Speaker 1>products and pricing products and much more around these different assets.

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<v Speaker 1>It's pretty incredible. So these things are also indications of

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<v Speaker 1>the spot ETF approvals that I think are around the corner.

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<v Speaker 1>So Nasdaq has officially filed and sec form eight K

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<v Speaker 1>for hashtecks, NASDAK Crypto Index US ETF confirming it has

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<v Speaker 1>reconstituted its benchmark index to include four new digital assets, Cardano, Solana, Stellar,

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<v Speaker 1>Lumins which is XLM, and XRP. These coins are now

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<v Speaker 1>part of the Nasdaq Crypto US Settlement Price Index, which

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<v Speaker 1>the ETF uses as its benchmark. This is bullish news, right.

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<v Speaker 1>I don't think I need to say more. We are

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<v Speaker 1>just seeing all of these folks in a race, a

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<v Speaker 1>competition to get their products launched around these different crypto assets.

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<v Speaker 1>Incredible stuff. Now, many of you know I hold chain

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<v Speaker 1>Link in my portfolio. I'm very bullish on chain Link. Well,

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<v Speaker 1>there's some huge adoption news around chain Link. They tweeted out,

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<v Speaker 1>We're excited to share that chain Link is facilitating the

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<v Speaker 1>secure exchange of a Hong Kong CBDC and an Australian

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<v Speaker 1>dollar stable coin as part of an ongoing use case

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<v Speaker 1>in Phase two of the EHKD plus pilot program. They

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<v Speaker 1>said congratulations to the participants Visa, an Z, China, AMC

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<v Speaker 1>and Fidelity International on their role in transforming cross border payments.

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<v Speaker 1>So we are seeing these blockchains being used as the

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<v Speaker 1>rails to move value and money and different types of assets.

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<v Speaker 1>And as I've been saying, guys, the governments, the economies,

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<v Speaker 1>and markets will all run on blockchain rails. And you

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<v Speaker 1>want to do your research and see which blockchains are

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<v Speaker 1>going to be adopted by these different governments around the

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<v Speaker 1>world and take your bets because in the first time

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<v Speaker 1>in history, you can participate. You don't have to be

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<v Speaker 1>an accredited investor, you don't have to be a wall streeter,

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<v Speaker 1>a hedge fund person. You can simply be the average

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<v Speaker 1>job buying some of these tokens. You can buy a

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<v Speaker 1>fraction of them, and all you need is an Internet

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<v Speaker 1>connection and a smartphone. Right. So this is how the

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<v Speaker 1>whole system has changed. It's a paradigm shift. So very

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<v Speaker 1>bullish news here for a chain link. I hold it

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<v Speaker 1>at my portfolio. Very bullish on this project. Moving ahead,

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<v Speaker 1>we got news here to Tether plans to open source

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<v Speaker 1>bitcoin mining os CEO says no need for third party vendors.

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<v Speaker 1>So this is interesting. Let me give it a detail.

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<v Speaker 1>Stable cooin issuer Tether plans to open source it's bitcoin

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<v Speaker 1>mining software, a move the companies that would allow new

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<v Speaker 1>miners to enter the market without real life buying on

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<v Speaker 1>expensive third party vendors. By open sourcing its bitcoin mining OS,

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<v Speaker 1>a horde of new bitcoin mining companies will be able

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<v Speaker 1>to enter the game and compete to keep the network safe,

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<v Speaker 1>Tether CEO Paolo Ardino said in a Monday X post.

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<v Speaker 1>Arduino describe the bitcoin mining OS as scalable and modular,

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<v Speaker 1>built with a peer to peer Internet of Things architecture

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<v Speaker 1>at its core. The new operating system will support existing

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<v Speaker 1>mining infrastructure, including several containers and other power devices, he said,

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<v Speaker 1>So this is really great, it makes sense, and I

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<v Speaker 1>think bitcoin mining is going to enter the big leagues.

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<v Speaker 1>You're going to see big institutions like your Wall streeters

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<v Speaker 1>and banks and much more, and even governments start to

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<v Speaker 1>mine bitcoin. It's going to become more expensive to mine bitcoin.

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<v Speaker 1>The difficulty rate's going to increase because you're in the

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<v Speaker 1>last leg, so to speak, of mining bitcoin with the

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<v Speaker 1>majority already being mined, and I think there's going to

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<v Speaker 1>be a race to get as much bitcoin as possible.

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<v Speaker 1>Bigcoin's becoming a country and corporate reserve asset, so you're

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<v Speaker 1>going to see the value increase and there's going to

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<v Speaker 1>be a lot of demand in the United States. Of course,

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<v Speaker 1>was a big domino to fall setting up the Strategic

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<v Speaker 1>Bitcoin Reserve. Now look at this news. Coinbase says it's

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<v Speaker 1>reduced account lockouts by eighty two percent, so this is good.

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<v Speaker 1>Even though while it was happening, it's bad. They were

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<v Speaker 1>doing a lot of account freezing and some people who

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<v Speaker 1>didn't do anything wrong were getting their accounts free so

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<v Speaker 1>their system was clearly not working properly. Here's what CEO

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<v Speaker 1>Brian Armstrong said. Account freezing has been a major issue

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<v Speaker 1>at coinbase for longer than is acceptable, So yeah, for sure,

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<v Speaker 1>he says, I could list a bunch of underlying reasons

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<v Speaker 1>why it got so bad in the first place, but

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<v Speaker 1>what's more important is that we've made a priority to

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<v Speaker 1>fix and we have been making good progress. So this

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<v Speaker 1>is good. Obviously, Coinbase had that data breach issue recently,

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<v Speaker 1>and look, they made it their customers whole, you know,

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<v Speaker 1>those who lost their money. But they got to be better,

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<v Speaker 1>you know, they got to invest some of that money

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<v Speaker 1>going public and being the largest exchange in the United

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<v Speaker 1>States and build out their security and build out their

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<v Speaker 1>customer service. They got to be better. Right, and we

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<v Speaker 1>got to put the pressure on them. Now, folks, we

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<v Speaker 1>got news that the stable Coin Build a Genius Act

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<v Speaker 1>could pass this week. So apparently Congressman John Toon or

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<v Speaker 1>the Senate Majority leader, so Senator John Tuone, he's looking

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<v Speaker 1>to get this through. And Cara Calvert of coinbase tweeted

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<v Speaker 1>out grateful to the senators on both sides of the

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<v Speaker 1>isle who have burned the midnight oil for weeks to

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<v Speaker 1>find a bipartisan path forward on the Genius Act, and

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<v Speaker 1>she said huge things to Leader John Tuone for bringing

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<v Speaker 1>the finish line within reach. This is what leadership looks like.

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<v Speaker 1>So it would be incredible to have that stable coin

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<v Speaker 1>bill pass. This we got to sendate, folks, because if

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<v Speaker 1>it gets passed, then we can go straight to President

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<v Speaker 1>Trump for signatures. And the stable coin bill is a

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<v Speaker 1>high priority because of its impact on the US dollar

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<v Speaker 1>and the geopolitical aspect of that with the US dollar

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<v Speaker 1>being the world reserve currency. So let's keep an eye

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<v Speaker 1>on this. This could be bullish, This could be a

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<v Speaker 1>catalyst if you go back to the chart here bitcoin

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<v Speaker 1>to send bitcoin to new highs, right, just a huge

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<v Speaker 1>macro catalyst, very bullish in the market. So let's keep

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<v Speaker 1>our eyes in the ears open and if that happens,

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<v Speaker 1>that would be perfect, but we'll have to wait and see. So, folks,

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<v Speaker 1>that's the news. Let me know what you think. Leave

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<v Speaker 1>your thoughts and comments below hit the thumbs up button.

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<v Speaker 1>A great way you can support me in the podcast, folks,

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

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<v Speaker 1>It's one hundred percent free. Check out my book on

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<v Speaker 1>Amazon and my course at Mycrypto course dot com. This

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<v Speaker 1>is a comprehensive course packed with tons of value, so

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<v Speaker 1>go to Mycrypto course dot com. All the links will

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<v Speaker 1>be in a description. Folks, thank you so much for

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<v Speaker 1>watching and listening. I appreciate you all and I'll talk

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<v Speaker 1>to you all later