WEBVTT

1
00:00:00.120 --> 00:00:01.840
<v Speaker 1>This is going to be a very big week for

2
00:00:01.879 --> 00:00:04.639
<v Speaker 1>the markets as the FED gets ready to cut rates.

3
00:00:04.719 --> 00:00:07.719
<v Speaker 1>What will we see for bigcoin and all coins this week?

4
00:00:08.080 --> 00:00:12.960
<v Speaker 1>As ETF inflows Bitcoin ETF inflows remain steady. In addition,

5
00:00:13.240 --> 00:00:16.399
<v Speaker 1>Ripple apparently is working with bitstamp and Robinhood to build

6
00:00:16.440 --> 00:00:19.199
<v Speaker 1>something on the XRP ledger. I'll give you the details.

7
00:00:19.359 --> 00:00:27.039
<v Speaker 1>Let's break it down. Hey, everybody, welcome into the Thinking

8
00:00:27.079 --> 00:00:30.839
<v Speaker 1>Crypto Podcasts. You're home for your cryptocurrency news and interviews.

9
00:00:31.039 --> 00:00:33.520
<v Speaker 1>I'm your host, Tony Edward. On your way in. Please

10
00:00:33.600 --> 00:00:35.880
<v Speaker 1>let that subscribe button as well as a thumbs up

11
00:00:35.880 --> 00:00:38.479
<v Speaker 1>button and leave a comment below. If you're listening on

12
00:00:38.520 --> 00:00:41.479
<v Speaker 1>a podcast platform such as Spotify or Apple, please leave

13
00:00:41.520 --> 00:00:43.920
<v Speaker 1>a five star rating and review. Folks, we have a

14
00:00:44.079 --> 00:00:46.759
<v Speaker 1>very big week coming up. The FED is expected to

15
00:00:46.759 --> 00:00:50.039
<v Speaker 1>start cutting rates September eighteenth. We will hear the announcement

16
00:00:50.479 --> 00:00:53.359
<v Speaker 1>and many are expecting twenty five basis points, but it

17
00:00:53.399 --> 00:00:57.240
<v Speaker 1>could be fifty. I'm personally anticipating twenty five basis points

18
00:00:57.520 --> 00:01:00.200
<v Speaker 1>and from a macro perspective, this is very good. This

19
00:01:00.240 --> 00:01:03.600
<v Speaker 1>is the start of the easy money cycle. Cheaper capital

20
00:01:03.759 --> 00:01:05.799
<v Speaker 1>people will be able to borrow at a cheaper rate.

21
00:01:05.840 --> 00:01:09.920
<v Speaker 1>Of course, we went from quantitative tightening to pause to

22
00:01:10.040 --> 00:01:12.599
<v Speaker 1>now going back to quantitative easing, and they will have

23
00:01:12.680 --> 00:01:15.920
<v Speaker 1>to start to print money to service the debt. So

24
00:01:16.040 --> 00:01:19.680
<v Speaker 1>all of that means asset prices will rise. However, as

25
00:01:19.719 --> 00:01:22.200
<v Speaker 1>I've been saying, this is a bloody September, it has

26
00:01:22.280 --> 00:01:24.599
<v Speaker 1>not been good for market, so we can expect a

27
00:01:24.640 --> 00:01:29.079
<v Speaker 1>lot of volatility. Guys, we could see things dump possibly

28
00:01:29.359 --> 00:01:32.760
<v Speaker 1>this week. And hear a credible crypto who's a great analyst.

29
00:01:32.760 --> 00:01:35.079
<v Speaker 1>I've had him on the podcast a few times. You know.

30
00:01:35.159 --> 00:01:37.840
<v Speaker 1>He highlighted on his chart here what he expects for

31
00:01:38.000 --> 00:01:42.519
<v Speaker 1>bitcoin as we head into later September before we hit October,

32
00:01:42.599 --> 00:01:45.799
<v Speaker 1>and bitcoin could potentially dump below fifty thousand, going to

33
00:01:45.879 --> 00:01:48.840
<v Speaker 1>around forty six forty seven thousand. Now this is not

34
00:01:48.879 --> 00:01:53.359
<v Speaker 1>a guarantee, but as educated inform investors, we want to

35
00:01:53.359 --> 00:01:56.760
<v Speaker 1>be prepared for all scenarios. Mentally, be prepared for both

36
00:01:56.799 --> 00:01:59.519
<v Speaker 1>the bullish and the bearers, so that when these things happen,

37
00:01:59.799 --> 00:02:02.280
<v Speaker 1>are emotions don't take hold of us. We're looking at

38
00:02:02.280 --> 00:02:04.680
<v Speaker 1>the analysis, we're looking at the macro, we're looking at

39
00:02:04.680 --> 00:02:09.360
<v Speaker 1>the fundamentals, so be prepared for additional volatility. I would

40
00:02:09.400 --> 00:02:11.840
<v Speaker 1>love for bitcoin this week to start running up to

41
00:02:11.879 --> 00:02:14.919
<v Speaker 1>new all time highs, but the higher probability is we

42
00:02:14.960 --> 00:02:17.360
<v Speaker 1>see a lot of volatility, maybe a little bit more

43
00:02:17.400 --> 00:02:20.560
<v Speaker 1>downside before we find at bottom and we head up

44
00:02:20.599 --> 00:02:23.319
<v Speaker 1>to new all time highs as we start Q four,

45
00:02:23.599 --> 00:02:26.599
<v Speaker 1>which has historically been very good for the markets. Now,

46
00:02:26.599 --> 00:02:28.759
<v Speaker 1>some other indicators that have shown that we have not

47
00:02:28.879 --> 00:02:32.080
<v Speaker 1>hit the top yet is the bitcoin pie cycle top indicator.

48
00:02:32.159 --> 00:02:35.039
<v Speaker 1>You can see here that orange line, which is the

49
00:02:35.599 --> 00:02:38.360
<v Speaker 1>one hundred day moving average, has not crossed the three

50
00:02:38.439 --> 00:02:41.039
<v Speaker 1>hundred and fifty day moving average, and in fact he

51
00:02:41.120 --> 00:02:44.680
<v Speaker 1>started deviating a bit as bitcoin pull back. So guys,

52
00:02:44.719 --> 00:02:47.719
<v Speaker 1>we are still on track based on historical patterns. If

53
00:02:47.719 --> 00:02:50.000
<v Speaker 1>you go look at the chart on Trading View, look

54
00:02:50.000 --> 00:02:53.400
<v Speaker 1>at where we were at in twenty sixteen of September

55
00:02:53.439 --> 00:02:56.759
<v Speaker 1>twenty sixteen, where we were at in September twenty twenty,

56
00:02:57.159 --> 00:03:01.000
<v Speaker 1>similar patterns playing out here. Bitcoin ran up fast earlier

57
00:03:01.000 --> 00:03:03.080
<v Speaker 1>this year, hitting a new all time high before the

58
00:03:03.199 --> 00:03:07.199
<v Speaker 1>having so it's now slowing down to normalize to the

59
00:03:07.240 --> 00:03:09.639
<v Speaker 1>normal market pace if you want to call it that.

60
00:03:10.039 --> 00:03:12.439
<v Speaker 1>So we're still on track. I think earlier this year

61
00:03:12.479 --> 00:03:15.199
<v Speaker 1>we were all thinking this thing is moving faster and

62
00:03:15.280 --> 00:03:18.120
<v Speaker 1>expected we're going to see new all time highs one

63
00:03:18.199 --> 00:03:22.800
<v Speaker 1>hundred k sooner than later. But Bitcoin's like no pump brakes.

64
00:03:22.919 --> 00:03:25.400
<v Speaker 1>We're going to get back to normal pace here. But

65
00:03:25.520 --> 00:03:27.680
<v Speaker 1>a lot of it is because it's following the macro

66
00:03:27.719 --> 00:03:31.319
<v Speaker 1>cycle as well. The other factor that's very bullish the

67
00:03:31.479 --> 00:03:35.520
<v Speaker 1>supply and exchanges remains low. It continues to dip. That's

68
00:03:35.639 --> 00:03:39.159
<v Speaker 1>very good. That means there's less selling happening on the exchanges.

69
00:03:39.439 --> 00:03:42.560
<v Speaker 1>What we've seen historically is when bitcoin starts hitting new highs,

70
00:03:43.000 --> 00:03:45.439
<v Speaker 1>the supply heads up to the exchange and people start

71
00:03:45.479 --> 00:03:49.919
<v Speaker 1>taking profits. This actually took place back in March into May,

72
00:03:50.319 --> 00:03:53.520
<v Speaker 1>as Bigcoin was hitting that seventy three thousand price, the

73
00:03:53.639 --> 00:03:56.879
<v Speaker 1>exchange volume started spiking. So this is why we want

74
00:03:56.879 --> 00:03:59.479
<v Speaker 1>to look at different metrics to see what's happening in

75
00:03:59.520 --> 00:04:02.719
<v Speaker 1>the market. Tell us the story and the other factor,

76
00:04:02.840 --> 00:04:06.039
<v Speaker 1>as mentioned earlier, money supply is going up globally. Global

77
00:04:06.039 --> 00:04:08.719
<v Speaker 1>liquidity is up. If you look at the Fed's website

78
00:04:08.759 --> 00:04:11.280
<v Speaker 1>the M two money supply in the United States, it

79
00:04:11.400 --> 00:04:14.159
<v Speaker 1>is up, folks. This data is public, you can go

80
00:04:14.199 --> 00:04:16.879
<v Speaker 1>look at it. So I'm not lying here. I'm not

81
00:04:16.920 --> 00:04:19.800
<v Speaker 1>making this up. This is data you can go research. Now,

82
00:04:19.800 --> 00:04:22.000
<v Speaker 1>another major factor that's going to drive a lot of

83
00:04:22.040 --> 00:04:25.439
<v Speaker 1>liquidity into the market is right now, money market funds

84
00:04:25.480 --> 00:04:28.360
<v Speaker 1>have about over six trillion dollars in them. And I

85
00:04:28.360 --> 00:04:31.279
<v Speaker 1>tweeted about this today, and in fact, Nate Jerrasi and

86
00:04:31.279 --> 00:04:33.399
<v Speaker 1>I had spoken about it back in August when I

87
00:04:33.439 --> 00:04:37.360
<v Speaker 1>interviewed him. Essentially, a lot of investors put their cash

88
00:04:37.519 --> 00:04:40.319
<v Speaker 1>into money market funds because they were earning over five

89
00:04:40.360 --> 00:04:43.600
<v Speaker 1>percent interest right so they were earning a high yield.

90
00:04:43.839 --> 00:04:46.040
<v Speaker 1>It made sense I did that. I spoke to my

91
00:04:46.120 --> 00:04:50.519
<v Speaker 1>financial advisor who handles my equities and stocks and so forth,

92
00:04:51.079 --> 00:04:54.360
<v Speaker 1>to put a ton of cash into the money market

93
00:04:54.360 --> 00:04:58.000
<v Speaker 1>funds because you're at risk free, you're earning that yield. Well,

94
00:04:58.040 --> 00:05:01.439
<v Speaker 1>as rates start cutting, where's the capital going to go, folks?

95
00:05:01.680 --> 00:05:04.000
<v Speaker 1>They're going to start to go risk on the investors,

96
00:05:04.000 --> 00:05:06.120
<v Speaker 1>that is, they're going to go back to equities and

97
00:05:06.160 --> 00:05:08.680
<v Speaker 1>crypto and so forth. So that's a lot of money

98
00:05:08.680 --> 00:05:11.120
<v Speaker 1>that's going to start coming back into the markets. Now.

99
00:05:11.240 --> 00:05:14.120
<v Speaker 1>Is all six trillion going to jump into the crypto

100
00:05:14.199 --> 00:05:16.959
<v Speaker 1>and stock market overnight? Of course not this thing will

101
00:05:16.959 --> 00:05:19.480
<v Speaker 1>happen over time, but that's a whole lot of capital.

102
00:05:19.519 --> 00:05:21.399
<v Speaker 1>People are going to start pulling out to say, you

103
00:05:21.439 --> 00:05:23.360
<v Speaker 1>know what, I'm going to go back into risk assets

104
00:05:23.680 --> 00:05:25.920
<v Speaker 1>because it's going to help me to get a reasonable return.

105
00:05:26.120 --> 00:05:28.680
<v Speaker 1>As rates are dropping. And of course the DXY the

106
00:05:28.759 --> 00:05:31.120
<v Speaker 1>dollar currency in next I expect that to start breaking

107
00:05:31.160 --> 00:05:33.839
<v Speaker 1>downwards and we need to go below one hundred where

108
00:05:33.879 --> 00:05:36.519
<v Speaker 1>it's going to be full risk on, folks. So a

109
00:05:36.560 --> 00:05:40.319
<v Speaker 1>lot of macro factors here at play that will impact

110
00:05:40.319 --> 00:05:43.120
<v Speaker 1>the stock market in the crypto market. So it's one

111
00:05:43.120 --> 00:05:45.319
<v Speaker 1>thing to look at charts. That's okay, you know, we

112
00:05:45.360 --> 00:05:46.959
<v Speaker 1>want to look at the charts. That's going to tell

113
00:05:47.040 --> 00:05:49.240
<v Speaker 1>us give us an idea where we may be headed.

114
00:05:49.360 --> 00:05:51.079
<v Speaker 1>But we got to look at the macro and what's

115
00:05:51.120 --> 00:05:54.879
<v Speaker 1>happening around us that will influence markets. Where is the

116
00:05:54.920 --> 00:05:58.120
<v Speaker 1>liquidity coming from. If there's no liquidity, then the charts

117
00:05:58.160 --> 00:06:01.000
<v Speaker 1>don't they're not going to work right. Needs to be liquidity.

118
00:06:01.199 --> 00:06:03.079
<v Speaker 1>So that's why we have to look at the money supply,

119
00:06:03.160 --> 00:06:04.920
<v Speaker 1>We have to look at money market funds on what's

120
00:06:04.920 --> 00:06:08.439
<v Speaker 1>going to happen here. So this is a very significant week, folks,

121
00:06:08.959 --> 00:06:12.319
<v Speaker 1>and we've got to report here that on Friday, US

122
00:06:12.319 --> 00:06:16.360
<v Speaker 1>bitcoin spot ETFs log the highest daily inflows in nearly

123
00:06:16.399 --> 00:06:20.279
<v Speaker 1>two months as Bitcoin challenges sixty thousand dollars. So once again,

124
00:06:20.279 --> 00:06:23.680
<v Speaker 1>this data came in on Friday and it had the

125
00:06:23.839 --> 00:06:27.240
<v Speaker 1>highest single day inflow since July twenty twenty two. Despite

126
00:06:27.240 --> 00:06:30.199
<v Speaker 1>the industry leader of black Rocks I bit logging no

127
00:06:30.360 --> 00:06:34.199
<v Speaker 1>significant inflows or outflows. What's fascinating is that black Rock

128
00:06:34.279 --> 00:06:37.959
<v Speaker 1>has been pretty neutral here. It hasn't been swaying one

129
00:06:37.959 --> 00:06:39.639
<v Speaker 1>way or the other. They haven't been getting a ton

130
00:06:39.680 --> 00:06:43.439
<v Speaker 1>of inflows, but they haven't been getting much outflows. That's good.

131
00:06:43.759 --> 00:06:48.000
<v Speaker 1>Apparently the Blackrock advisors may be telling folks just hold hoddle,

132
00:06:48.120 --> 00:06:51.800
<v Speaker 1>don't do anything right, and that's smart. Now, the other

133
00:06:51.879 --> 00:06:54.160
<v Speaker 1>ETFs in the market so inflows. I saw the folks

134
00:06:54.160 --> 00:06:56.879
<v Speaker 1>at Bitwise Asset Management they were tweeting a bit about it.

135
00:06:57.000 --> 00:06:58.920
<v Speaker 1>They often tweet about, you know, the days when they

136
00:06:58.959 --> 00:07:01.839
<v Speaker 1>have millions of dollars coming in. So this is a

137
00:07:01.879 --> 00:07:04.800
<v Speaker 1>good sign that these ETFs for the most part, are

138
00:07:04.800 --> 00:07:07.839
<v Speaker 1>holding steady. Of course, you're going to have outflows. That's

139
00:07:07.879 --> 00:07:11.959
<v Speaker 1>normal because there's a lot of advisors in rias now

140
00:07:12.000 --> 00:07:14.199
<v Speaker 1>in the market and they're gonna have clients that say, hey,

141
00:07:14.240 --> 00:07:15.720
<v Speaker 1>I want to jump out and they're gonna have to

142
00:07:15.720 --> 00:07:18.920
<v Speaker 1>adjust it, right, This is normal in et aps versus

143
00:07:19.000 --> 00:07:23.160
<v Speaker 1>let's say, most crypto people who are seasoned are not

144
00:07:23.240 --> 00:07:24.959
<v Speaker 1>going to jump in and out because of the price

145
00:07:25.000 --> 00:07:28.240
<v Speaker 1>of fluctuations. Now they're new, right, they're newbies and rookies.

146
00:07:28.519 --> 00:07:30.720
<v Speaker 1>Of course we've seen that, but this is where you

147
00:07:30.839 --> 00:07:33.759
<v Speaker 1>have to learn the market cycles, not to invest with

148
00:07:33.800 --> 00:07:37.199
<v Speaker 1>your emotions. But this is a good sign that inflows

149
00:07:37.319 --> 00:07:40.560
<v Speaker 1>are on the rise again and there haven't been significant

150
00:07:40.560 --> 00:07:43.439
<v Speaker 1>outflows now. A great place where you can buy bitcoin

151
00:07:43.519 --> 00:07:46.279
<v Speaker 1>and all coins is with Gemini. This is a crypto

152
00:07:46.360 --> 00:07:50.439
<v Speaker 1>platform I've been using for years. Gemini has tons of

153
00:07:50.480 --> 00:07:54.079
<v Speaker 1>features on their website, folks, incredible products. They have a

154
00:07:54.120 --> 00:07:56.720
<v Speaker 1>fully loaded exchange with an app, and much more. They

155
00:07:56.720 --> 00:07:59.120
<v Speaker 1>have crypto staking, they have a credit card, they have

156
00:07:59.160 --> 00:08:02.480
<v Speaker 1>a stable coin, Gemini Dollar. They also have a derivatives

157
00:08:02.560 --> 00:08:05.920
<v Speaker 1>platform where you can trade bitcoin in all coins. It's

158
00:08:05.920 --> 00:08:08.839
<v Speaker 1>pretty great. And if you sign up with my link, folks,

159
00:08:08.879 --> 00:08:11.199
<v Speaker 1>and you trade one hundred dollars in bitcoin, you can

160
00:08:11.240 --> 00:08:13.759
<v Speaker 1>get fifteen dollars in bitcoin. So link will be in

161
00:08:13.800 --> 00:08:17.639
<v Speaker 1>the description. Check out Gemini. They are fully ensured, they

162
00:08:17.639 --> 00:08:20.600
<v Speaker 1>are secure, and they are like Soft two, Compliant and

163
00:08:20.680 --> 00:08:23.639
<v Speaker 1>so forth. They have top tier security and services, so

164
00:08:23.920 --> 00:08:26.240
<v Speaker 1>check them out link wi being the description. Now, folks,

165
00:08:26.240 --> 00:08:29.120
<v Speaker 1>we've got interesting news coming out about Ripples XRP Ledger.

166
00:08:29.240 --> 00:08:32.679
<v Speaker 1>Apparently bitstamp is going to be launching a new derivatives

167
00:08:32.679 --> 00:08:35.600
<v Speaker 1>exchange and they're going to be leveraging the XRP ledger.

168
00:08:36.080 --> 00:08:40.080
<v Speaker 1>And remember bitstamp is now owned by Robinhood. Robinhood purchased

169
00:08:40.080 --> 00:08:42.399
<v Speaker 1>them for like two hundred million dollars or something earlier

170
00:08:42.399 --> 00:08:45.559
<v Speaker 1>this year. In fact, I interviewed Robin Hood's head of

171
00:08:45.639 --> 00:08:48.840
<v Speaker 1>crypto and I'll be publishing that interview tomorrow morning. I

172
00:08:48.879 --> 00:08:51.720
<v Speaker 1>interviewed him last week. So Robinhood is on a mission

173
00:08:51.759 --> 00:08:54.759
<v Speaker 1>to grow their crypto footprint globally and once again they

174
00:08:54.799 --> 00:08:58.559
<v Speaker 1>acquired bitstamp. And I'll played a clip for you that's

175
00:08:58.600 --> 00:09:02.039
<v Speaker 1>been circulating and it's actually Ripples YouTube channel that they

176
00:09:02.080 --> 00:09:03.919
<v Speaker 1>published and it was just from a couple of days ago.

177
00:09:03.960 --> 00:09:04.320
<v Speaker 1>Here you go.

178
00:09:04.440 --> 00:09:07.679
<v Speaker 2>We are launching our own derivatis exchange in the next

179
00:09:07.720 --> 00:09:11.679
<v Speaker 2>few months. So that's something we are most excited about

180
00:09:11.840 --> 00:09:15.240
<v Speaker 2>and really hope to cooperate closely with Greetball there as well.

181
00:09:15.519 --> 00:09:19.480
<v Speaker 2>In the final stage of integration of really some top

182
00:09:19.600 --> 00:09:23.840
<v Speaker 2>thirty commercial banks globally on bitstam as a service. So

183
00:09:24.039 --> 00:09:29.639
<v Speaker 2>these commercial banks will offer cryptotr bit episode. That's definitely

184
00:09:29.759 --> 00:09:31.399
<v Speaker 2>something we are very proud of.

185
00:09:33.840 --> 00:09:36.799
<v Speaker 1>So not as she said that thirty commercial banks will

186
00:09:36.840 --> 00:09:39.279
<v Speaker 1>be offering crypto through bitstamp and they're going to be

187
00:09:39.320 --> 00:09:43.279
<v Speaker 1>leveraging ripples XRP ledgers. So very interesting. And if you

188
00:09:43.279 --> 00:09:45.440
<v Speaker 1>want to catch my interview with Robin Hood's head of

189
00:09:45.480 --> 00:09:47.759
<v Speaker 1>crypto that will be published in the morning, be sure

190
00:09:47.799 --> 00:09:50.960
<v Speaker 1>you're subscribed with the notification bell enabled. All right, some

191
00:09:51.000 --> 00:09:55.080
<v Speaker 1>other news. Bitforms accelerates two point two EXA hashes hosting

192
00:09:55.120 --> 00:09:59.440
<v Speaker 1>agreement with Strongholds. So watch the bitcoin minus folks, because

193
00:09:59.480 --> 00:10:01.720
<v Speaker 1>we want to see the bitcoin hash rate go up.

194
00:10:01.720 --> 00:10:04.320
<v Speaker 1>We want to see the miners up and running after

195
00:10:04.360 --> 00:10:06.639
<v Speaker 1>the having a lot of them sold. It's been a

196
00:10:06.679 --> 00:10:09.080
<v Speaker 1>bit rough for them right now, but it's all cyclical,

197
00:10:09.360 --> 00:10:12.159
<v Speaker 1>so eventually they're going to start ramping up again. So

198
00:10:12.200 --> 00:10:15.600
<v Speaker 1>according to Bitfarms, the mining hardware was originally scheduled to

199
00:10:15.639 --> 00:10:20.120
<v Speaker 1>be deployed in Hugh Gaza, Paraguay, sometime in December twenty

200
00:10:20.200 --> 00:10:24.840
<v Speaker 1>twenty four. So the agreement will add ten thousand bitmin

201
00:10:25.000 --> 00:10:28.879
<v Speaker 1>t twenty one miners to Bitfarms Panther Creek facility in

202
00:10:28.919 --> 00:10:34.080
<v Speaker 1>Pennsylvania and commence on October first, twenty twenty four. Ben Gagnon,

203
00:10:34.200 --> 00:10:37.399
<v Speaker 1>CEO of Bitforms, touched on the expansive potential of the

204
00:10:37.440 --> 00:10:40.679
<v Speaker 1>company's sites in Pennsylvania and said the sites would be

205
00:10:40.799 --> 00:10:45.279
<v Speaker 1>key to diversifying the company's business operations. So once again,

206
00:10:45.360 --> 00:10:47.240
<v Speaker 1>keep an eye on the bitcoin miners. There's a lot

207
00:10:47.240 --> 00:10:53.200
<v Speaker 1>of expansion that's happening. USDC Issuer's Circle announces HQ move

208
00:10:53.279 --> 00:10:55.840
<v Speaker 1>to New York ahead of IPO, So Circle is looking

209
00:10:55.840 --> 00:10:58.360
<v Speaker 1>to IPO. And I saw some of the photos being

210
00:10:58.360 --> 00:11:03.120
<v Speaker 1>posted by different folks who attended Circle's office launch here

211
00:11:03.159 --> 00:11:06.879
<v Speaker 1>in New York City, so we could see some big

212
00:11:06.960 --> 00:11:10.240
<v Speaker 1>IPOs come next here folks in the crypto industry. As

213
00:11:10.440 --> 00:11:13.279
<v Speaker 1>once again, what did we start the podcast with? The

214
00:11:13.399 --> 00:11:18.480
<v Speaker 1>change in the macro easy money cycle, raycuts, more liquidity,

215
00:11:18.559 --> 00:11:21.679
<v Speaker 1>money printing happening right, So this is where you're going

216
00:11:21.720 --> 00:11:24.639
<v Speaker 1>to start to see companies do more IPOs because there's

217
00:11:24.679 --> 00:11:26.600
<v Speaker 1>going to be more liquidity in the market. People are

218
00:11:26.639 --> 00:11:30.679
<v Speaker 1>going to be able to access capital easier. See that

219
00:11:30.720 --> 00:11:33.600
<v Speaker 1>the cycles here playing out folks, I said it before.

220
00:11:34.039 --> 00:11:36.879
<v Speaker 1>We're headed into the next boom cycle. We came out

221
00:11:36.879 --> 00:11:39.799
<v Speaker 1>of that bus cycle of twenty twenty two. It was

222
00:11:39.840 --> 00:11:42.759
<v Speaker 1>a rough twenty twenty three, even though market's rallied, but

223
00:11:43.080 --> 00:11:46.159
<v Speaker 1>it was still rates were high, quantitative tightening and so forth.

224
00:11:46.279 --> 00:11:49.200
<v Speaker 1>Now we're across the other side of the bridge, Ray, folks.

225
00:11:49.240 --> 00:11:52.639
<v Speaker 1>So we're headed to that easy money cycle. So exciting

226
00:11:52.679 --> 00:11:57.159
<v Speaker 1>times ahead. That doesn't mean that market volatility won't be there.

227
00:11:57.200 --> 00:12:00.320
<v Speaker 1>That doesn't mean corrections won't happen. That doesn't mean micro

228
00:12:00.480 --> 00:12:02.600
<v Speaker 1>crashes in the market won't happen, just like we saw

229
00:12:02.600 --> 00:12:05.360
<v Speaker 1>at the beginning of August with the Japanese en trade.

230
00:12:05.399 --> 00:12:07.200
<v Speaker 1>So please don't get me wrong, right, you've got to

231
00:12:07.240 --> 00:12:09.720
<v Speaker 1>be prepared for all these things. Now, speaking of stable coins,

232
00:12:10.000 --> 00:12:14.480
<v Speaker 1>Tether Onboard's head of government Affairs from PayPal, Jesse Spiro,

233
00:12:14.600 --> 00:12:17.759
<v Speaker 1>said he intended to work with industry leaders and lawmakers

234
00:12:17.799 --> 00:12:20.440
<v Speaker 1>to help grow the ecosystem in his role at Tether.

235
00:12:20.879 --> 00:12:23.399
<v Speaker 1>So this is a big pickup by Tether, and you're

236
00:12:23.399 --> 00:12:26.720
<v Speaker 1>going to see everybody try to poach each other's talent, right,

237
00:12:26.799 --> 00:12:28.879
<v Speaker 1>circle is going to try to go after PayPal and

238
00:12:28.919 --> 00:12:33.279
<v Speaker 1>Tether and Vice versa. So this is all signs of

239
00:12:33.320 --> 00:12:36.919
<v Speaker 1>a booming asset class and industry. Right. Everybody wants to

240
00:12:36.919 --> 00:12:39.440
<v Speaker 1>get the top talent to keep growing because they're trying

241
00:12:39.440 --> 00:12:41.559
<v Speaker 1>to grab market share and grow their business of course.

242
00:12:41.639 --> 00:12:44.840
<v Speaker 1>So in a September thirteenth notice, Tether said Spiro would

243
00:12:44.840 --> 00:12:49.240
<v Speaker 1>be responsible for leading policy and engagement efforts with lawmakers, regulators,

244
00:12:49.240 --> 00:12:52.120
<v Speaker 1>and key stakeholders. In his role at the company, he

245
00:12:52.279 --> 00:12:55.399
<v Speaker 1>was the leader of regulatory relations for PayPal's blockchain and

246
00:12:55.440 --> 00:12:58.759
<v Speaker 1>crypto business from twenty twenty one to twenty twenty four,

247
00:12:58.879 --> 00:13:01.919
<v Speaker 1>and worked at Chainell's for more than two years enroll

248
00:13:01.960 --> 00:13:05.159
<v Speaker 1>of concerning policy and government affairs. So big pickup here

249
00:13:05.200 --> 00:13:07.759
<v Speaker 1>by Tether. So that's the news, folks. Let me know

250
00:13:07.799 --> 00:13:10.080
<v Speaker 1>what you think. Leave your thoughts and comments below, hit

251
00:13:10.120 --> 00:13:12.600
<v Speaker 1>the thumbs up button and don't forget to sign her

252
00:13:12.639 --> 00:13:15.480
<v Speaker 1>for my free email, Losing Litter one hundred percent free

253
00:13:15.600 --> 00:13:19.679
<v Speaker 1>on substack all crypto insights and knowledge nobs. Sign up,

254
00:13:19.720 --> 00:13:22.279
<v Speaker 1>it doesn't cost you anything. Also, grab a copy of

255
00:13:22.320 --> 00:13:25.679
<v Speaker 1>my book, Rethinking Crypto and Amazon. It's available in paperback

256
00:13:25.679 --> 00:13:28.639
<v Speaker 1>and digital, also available on Barnes Anddobles dot com. Buy

257
00:13:28.639 --> 00:13:31.360
<v Speaker 1>a copy to support the podcast. Buy a few copies

258
00:13:31.360 --> 00:13:34.039
<v Speaker 1>for your friends and family, give them as gifts, help

259
00:13:34.080 --> 00:13:36.519
<v Speaker 1>them to learn about crypto. This is a great book

260
00:13:36.559 --> 00:13:39.039
<v Speaker 1>that gives you the past president in the future, includes

261
00:13:39.320 --> 00:13:42.360
<v Speaker 1>investing tips and much more. If you bought a copy already,

262
00:13:42.360 --> 00:13:44.879
<v Speaker 1>please leave a rating and review on Amazon. It will

263
00:13:44.919 --> 00:13:47.440
<v Speaker 1>really help me out. Thank you for your support. I

264
00:13:47.480 --> 00:14:06.080
<v Speaker 1>appreciate you all and I'll talk to you all later.

265
00:14:01.320 --> 00:14:01.360
<v Speaker 1>T