Speaker 1: Hey, folks, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward
Speaker 1: on your weight in. Please sit that subscribe button as
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Speaker 1: let's quickly take a look at the price of bitcoin,
Speaker 1: because right now it's treating just below one hundred and
Speaker 1: eight thousand dollars. We continue to see some strong movements
Speaker 1: here from Bitcoin looking really good on the daily chart,
Speaker 1: with the RSI showing room for more upside and the
Speaker 1: mac D flipping green. It literally just flipped green today.
Speaker 1: It has been in the red zone because we've been
Speaker 1: in a bit of a downtrend, but now we're flipping
Speaker 1: the other way. So this shows bulls are gaining control again.
Speaker 1: Very good signs, right. I like what I'm seeing here.
Speaker 1: And on the flip side, you get the DXY Toduller
Speaker 1: Currency Index hitting new lows. It is currently below ninety eight.
Speaker 1: So look at this huge drop it had going back
Speaker 1: to February. I mean it was up at near one
Speaker 1: hundred and ten, and now it's down below one hundred.
Speaker 1: Obviously around ninety seven, and some folks have been doing
Speaker 1: some chart analysis showing that it could head down to
Speaker 1: possibly ninety and of course, risk assets are gonna go bananas.
Speaker 1: We've seen this inverse correlation of throughout the years that
Speaker 1: when the DXYS collapsing, the stock market, crypto and much
Speaker 1: more start to rise, and then on the flip side,
Speaker 1: you know if the dxys pumping, risk assets are bleeding out.
Speaker 1: Of course, so things are setting up very beautifully here
Speaker 1: for a massive rally. Now that doesn't mean we're not
Speaker 1: gonna see volatility. I've been telling you guys, there's the potential.
Speaker 1: Now I'm not saying it's guaranteed the potential of a
Speaker 1: possible retest, but I hope not. I hope that's not
Speaker 1: the case. I hope this move for bitcoin is the
Speaker 1: move up to new highs and it's going to stare
Speaker 1: step its way out of this zone. And once we
Speaker 1: cross one hundred and twelve thousand dollars, we enterprise discovery.
Speaker 1: I think we could possibly go to one hundred and
Speaker 1: twenty to one hundred and thirty between that range, and
Speaker 1: that could be a local top or the blow off top,
Speaker 1: So we'll have to wait and see as we get closer.
Speaker 1: And then of course all coins are going to go bananas, right,
Speaker 1: You're going to see them follow Bitcoin. The liquidity will
Speaker 1: rotate from Bitcoin down to the all coins. So the
Speaker 1: setup is looking really good. As always be patient. I
Speaker 1: know a lot of you want to see high prices.
Speaker 1: I know you want to take your profits and all that,
Speaker 1: but be patient, guys, it's all playing out. And Julian Battell,
Speaker 1: who works with ral Pale at Global Macro Investor, released
Speaker 1: a new updated Global M two chart, which is the
Speaker 1: Global Liquidity chart, and it shows Bitcoin still moving in conjunction.
Speaker 1: It's not a perfect correlation as far as the peaks
Speaker 1: and valleys of this chart, but it's more directional, right
Speaker 1: that all of these assets, whether it be cryptos, the
Speaker 1: stock market, real estate, precious metals, are all following global
Speaker 1: equity and global liquidity is essentially the central banks globally
Speaker 1: who are debasing currency, printing money, inserting into the economy
Speaker 1: and markets, and that's why we're seeing this correlation and
Speaker 1: really great chart and data that has been provided by
Speaker 1: Julian and ral Pale, So it's really a foundational item
Speaker 1: that you need to know in the back of your
Speaker 1: mind of why asset prices are going up. It's so
Speaker 1: important even if you're investing in just stocks or just
Speaker 1: real estate, you need to understand what's happening. Now. If
Speaker 1: you go to the micro away from the macro here,
Speaker 1: and you go to certain regions throughout the United States
Speaker 1: or across the globe, you're going to have pockets of
Speaker 1: high demand, which drives prices up, right, But the rising
Speaker 1: tide that lifts all boats here is global liquidity. This
Speaker 1: is why you see certain houses which are kind of crap,
Speaker 1: they're going up in value in certain places. You see
Speaker 1: precious metals going up. Stocks, even certain companies that are
Speaker 1: not performing well, there's stock price slow goes up. Right,
Speaker 1: even I mean, look at crypto, right, You've got tokens
Speaker 1: like mean coins and much more which rally that don't
Speaker 1: have intrinsic value, they don't have utility or whatever it is.
Speaker 1: But he still go up. And this is what's happening.
Speaker 1: You have that liquidity flowing food these markets and it's
Speaker 1: what drives the valuation. So something to keep in the
Speaker 1: back of your mind of what's going on. This is
Speaker 1: a key pillar as far as our thesis, and there's
Speaker 1: other things we look at, of course, but this is
Speaker 1: one of the key ones. So really great update here
Speaker 1: from Ralph pallin his team. Now, folks, this is some
Speaker 1: very bullish news. It's not hyperbole. I got to break
Speaker 1: this down for you. It is massive. So yesterday I
Speaker 1: told you that Bill Poulty, who is the director of
Speaker 1: the Federal Housing Finance Agency, he tweeted out on x
Speaker 1: that he was looking into crypto being used in mortgages. Now,
Speaker 1: specifically this is around the loans from the government like
Speaker 1: Fannie May and Freddie Mack and so forth. And today
Speaker 1: here's what he tweeted out. After a significant studying and
Speaker 1: in keeping with President Trump's vision to make the United
Speaker 1: State it's the crypto capital of the world, today, I
Speaker 1: ordered the great Fannie May and Freddie Mack to prepare
Speaker 1: their businesses to count cryptocurrency as an asset for a mortgage. Wow,
Speaker 1: how times have changed. This is incredible, folks. And you're
Speaker 1: just seeing adoption on the government side, on the private sector,
Speaker 1: and it's happening globally, folks. This is why I keep
Speaker 1: telling you this. We're still relatively early compared to other
Speaker 1: asset classes. There's going to be more adoption, more capital
Speaker 1: coming in in higher prices and valuations. And why I've
Speaker 1: been stating my strategies not only to take profits this cycle,
Speaker 1: but to prepare for the future bull markets because the
Speaker 1: infrastructure is being built, the on and off ramps. This
Speaker 1: is just incredible, and it's just amazing. And you know,
Speaker 1: part of the document he put out there, it says,
Speaker 1: or the headline in the document says, Ordering issuing Directive
Speaker 1: to consider cryptocurrency as an asset for single family Loves,
Speaker 1: delivered to Fannie Mae and Freddie Mac. It's kind of
Speaker 1: surreal to read this and see this, but it just
Speaker 1: shows where we're headed, that this acid class and technology
Speaker 1: is here to stay now. He followed up that tweet
Speaker 1: with the following, Today is a historic day in the
Speaker 1: cryptocurrency industry and the mortgage industry whereby Fanny May and
Speaker 1: Freddie Mac are now positioned to involve cryptocurrencies in mortgages.
Speaker 1: Thank you, President Trump for making the United States the
Speaker 1: crypto capital of the world. And as you all know,
Speaker 1: game theory is going to play out here. If the
Speaker 1: United States is doing it, you see other countries do this, guys.
Speaker 1: So I think we're going to see a lot of
Speaker 1: different financial products and incentives built around crypto. And look
Speaker 1: all of Wall Streets here at Blackrock and the others, right,
Speaker 1: so you know they're going to participate and offer different programs.
Speaker 1: And the banks too, right, the banks are looking to
Speaker 1: launch stable coins, they're going to offer crypto trading, crypto custody.
Speaker 1: And of course many of these banks they issue mortgages right,
Speaker 1: issue loans for people to buy homes and so forth.
Speaker 1: So you can imagine if the government is doing it,
Speaker 1: they're going to do it too. You're Wells Fargo, You're
Speaker 1: JP Morgan, Bank of America. I hope you see what's coming, folks.
Speaker 1: This is so bullish. Now moving ahead, Robinhood's CEO, Vlad
Speaker 1: Tenev was on CNBC and he said crypto will replace
Speaker 1: traditional finance. What a statement. And we know Robinhood has
Speaker 1: been adopting crypto at a rapid pace, acquiring exchanges like bitstamp,
Speaker 1: launching tokenized stocks that they're going all in. And they
Speaker 1: recognize that if they don't do this, disruptions at their
Speaker 1: door because this technology is here. To say, let me
Speaker 1: play a clip of what he had to say on CNBC.
Speaker 2: I do think that crypto itself. There's two ways to
Speaker 2: look at it. One is a tradable asset like options,
Speaker 2: futures and equities. The other is as a fundamental underlying technology. Right,
Speaker 2: and in the second lens, it's the next stage in evolution.
Speaker 2: We've gone from paper and pencil filing cabinet based financial
Speaker 2: service is to mainframe to on premise and then more
Speaker 2: recently cloud. Now crypto is the next stage in that
Speaker 2: where a lot of the business logic that we've required
Speaker 2: businesses to actually build is now shared infrastructure, so exchanges,
Speaker 2: lending pools, payment processors, all these things are replaced by software.
Speaker 2: So I think in the future crypto technology will power
Speaker 2: trading and all sorts of financial services, including trading and
Speaker 2: stocks and other tradfi assets. So the two will fully merge.
Speaker 1: Incredible statements, right, And these folks are putting their money
Speaker 1: with their amount is they are building, and they're doing
Speaker 1: the acquisitions and raising capital and creating new products and
Speaker 1: so forth. So exciting times, folks. Quick word from our
Speaker 1: sponsor and that is v chain. Vachain is one of
Speaker 1: the top layer one enterprise blockchains out there. I've been
Speaker 1: a VET token holder for many years going back to
Speaker 1: twenty eighteen, m bullish on this project. Beachin is getting
Speaker 1: a lot of adoption from different brands and companies around
Speaker 1: the world including Jivonchi, Walmart China, BMW, Boston Consulting Group PwC.
Speaker 1: They are even partnered with Dana White in the UFC
Speaker 1: doing some really cool things. And some of the key
Speaker 1: attributes of the v chain blockchain includes its secure, affordable, scalable, fast,
Speaker 1: and sustainable. And many companies are using the v chain
Speaker 1: blockchain to build cool Web three technology and much more.
Speaker 1: And like I said, I'm a VET token holder, I'm
Speaker 1: bullish on this project. So if you'd like to learn
Speaker 1: more about them, go to vchain dot org. Link will
Speaker 1: be in the description. Now, folks, look at this news.
Speaker 1: Bit Deer raises three hundred and thirty million dollars via
Speaker 1: convertible notes sale. So bitdeer is a bitcoin minor and
Speaker 1: once again they've completed a three hundred and thirty million
Speaker 1: dollar private placement of convertible senior notes maturing in twenty
Speaker 1: thirty one. The notes have a conversion price of fifteen
Speaker 1: dollars and eighty seven cents per share. Which is forty
Speaker 1: four percent above bitdeer's current trading price. Bitdeer is using
Speaker 1: part of its proceeds for a call option to settle conversions,
Speaker 1: and for a data center expansion and ask development. So
Speaker 1: you're seeing bitcoin miners and many folks are going all in.
Speaker 1: I think they're all ramping up for the final phase
Speaker 1: of this bull market, and I'm talking macro now this year.
Speaker 1: I think the blow off top happens this year and
Speaker 1: there's going to be higher prices and valuations. And the miners,
Speaker 1: of course, you know, they mind bitcoin and they sell
Speaker 1: it and they pay for their costs and so forth,
Speaker 1: and they also get the fees from the network. So
Speaker 1: everybody's ramping up trying to get as much value out
Speaker 1: of this bull market. So you're just seeing a lot
Speaker 1: of folks doing stuff. You know, I've been sharing the
Speaker 1: news about Anthony pomp Leano and his spack and that's
Speaker 1: going to be buying a billion dollars in bitcoin, which
Speaker 1: is wild. And in fact, Anthony shared a chart showing
Speaker 1: the top public bitcoin treasury companies and of course micro strategies.
Speaker 1: First MARA, which is Marathon Holdings. They're a bitcoin minor.
Speaker 1: You have x Xi. I'm not sure I've never heard
Speaker 1: of this company. Actually I may have missed it. And
Speaker 1: following that is Right Platforms. They're also a bitcoin minor.
Speaker 1: Galaxy Digital comes in at the top five, and what's interesting,
Speaker 1: Tesla is at number seven on this list, so they're
Speaker 1: pretty high up. Meta Planet in Japan they've been doing
Speaker 1: a lot, and even coinbase is on here and Anthony
Speaker 1: Popleano's new pro Cap is on here as well at
Speaker 1: number thirteen, so really really incredible stuff. Now you can
Speaker 1: see there's sort of a bubble forming here, and I
Speaker 1: know some people are gonna hate me for saying that,
Speaker 1: but I gotta be realistic with you guys. Look, I've
Speaker 1: studied markets and history, and when you see all these
Speaker 1: people in the race to adopt it is not that
Speaker 1: that's wrong. I'm not saying this strategy is wrong. But
Speaker 1: you're gonna have your laggards, and you're gonna have people
Speaker 1: who are not gonna do this well, and it could
Speaker 1: be a setup for the bubble to pop. Right, Let's
Speaker 1: look at the real estate bubble that popped in two
Speaker 1: thousand and eights and the Great Recession. Not every bank
Speaker 1: you know failed and went out of business, majority, a
Speaker 1: lot of them have to get bailed out. But you know,
Speaker 1: you had your Lehman brothers and others that completely collapse,
Speaker 1: so they weren't running the show very well. They had
Speaker 1: maybe more risky mortgages and toxic products and all that. Right,
Speaker 1: something similar could happen here. I'm not saying I want
Speaker 1: that to happen, So don't get me wrong, I don't
Speaker 1: want that to happen. But guys, markets move in cycles.
Speaker 1: We've seen every bull market, even in the stock market,
Speaker 1: real estate, whatever it is. At some point, if a
Speaker 1: bubble forms, it's going to pop. It happened in the
Speaker 1: dot com boom as well. Right, This is just the
Speaker 1: nature of market. So this is where you want to
Speaker 1: have a cash out plan, a profit taking plan so
Speaker 1: that you are not caught up in some massive bubble
Speaker 1: pop and crash. It doesn't mean crypto will die, doesn't
Speaker 1: mean the technology is going away. Is just the speculation
Speaker 1: which in a world of capitalism, this happens. We human
Speaker 1: beings can't help ourselves, I feel like, right, so just
Speaker 1: watch out, guys. We gotta be careful here. There's a
Speaker 1: lot of companies racing to do this and buying a
Speaker 1: lot of bitcoin, raising a ton of capital. Hopefully they're
Speaker 1: doing it the right way so when the price does
Speaker 1: go down, they're not left by the roadside, you know
Speaker 1: what I mean. Now, tomorrow I will actually be publishing
Speaker 1: my interview with the CEO and one of the board
Speaker 1: of the executive chairman of the board of advisors for
Speaker 1: Vivo Power, and they are using XRP as their treasury strategy,
Speaker 1: So you don't want to miss that one. Make sure
Speaker 1: you subscribe. It's a really good conversation and we go
Speaker 1: into the details of what they're doing with Flare, with
Speaker 1: DeFi and much more, even using ripples, r l USD
Speaker 1: stable coins, So make sure you check that out. And
Speaker 1: speaking of XRP, the CMA Group tweeted out that since
Speaker 1: launching on May nineteenth, XRP and micro XRP futures have
Speaker 1: shown demand across institutional and retail participants, highlighting interest in
Speaker 1: regulated tools to access one of the most watch crypto assets.
Speaker 1: So the demand is there for this token, and I
Speaker 1: tweeted out, wait till you see the XRP spottyt You're
Speaker 1: going to see some really nice inflows once that gets
Speaker 1: approved by the SEC. And I believe that's going to
Speaker 1: happen this year along with Solana, because those two have
Speaker 1: the future's markets in place, and there's a lot of demand,
Speaker 1: a lot of applications piling up, so waiting for the
Speaker 1: sec to do their thing. Now, final news item, Zama
Speaker 1: raises fifty seven million dollars, becomes the first unicorn involved
Speaker 1: with fully homomorphic encryption. So a couple things here. First,
Speaker 1: we continue to see capital being raised by startups and
Speaker 1: new companies which have fresh ideas and innovative ideas. So
Speaker 1: if you're an entrepreneur, man, go pitch your idea and
Speaker 1: raise that capital. Things are moving ahead and a lot
Speaker 1: of companies are even doing second round raises, third third
Speaker 1: round raises and much more. So these are signs, of
Speaker 1: course of a bull market. So Zama, a cryptography company
Speaker 1: pioneering fully homomorphic encryption for blockchains, said it raised fifty
Speaker 1: seven million dollars in a Series B round co led
Speaker 1: by block Change Ventures and Pantera Capital. The team said
Speaker 1: the fundraise pushes Zama's total capital raised to over one
Speaker 1: hundred and fifty million dollars and values it over one
Speaker 1: billion dollars, making the firm the first unicorn involved with
Speaker 1: Fhe so this is why I know I'm repeating myself here.
Speaker 1: I'm preparing for the next bull market. A lot of
Speaker 1: these projects now getting the cap or they're going to
Speaker 1: be building in the bear market, right and then their
Speaker 1: new token or whatever they have going on, it's going
Speaker 1: to be ready by the next bullmarket. We've seen this
Speaker 1: time and time again. So there's going to be further
Speaker 1: iterations of these blockchains and new products and new ideas,
Speaker 1: so really really cool stuff. So the Zamba protocol allows
Speaker 1: developers to build encrypted decentralized applications also known as DAPs
Speaker 1: without needing deep cryptographic expertise. Use cases can range from
Speaker 1: confidential stable coin issuance and acid tooken is to private
Speaker 1: identity verification and governance in network states. According to a
Speaker 1: document shared with Coinness, so as I said, guys, innovation continues.
Speaker 1: Capital is being raised, and the folks who are giving
Speaker 1: these people the money, they're not making the investment to
Speaker 1: lose the money, right, they are looking to make a return.
Speaker 1: So that's why you have all these vcs and hedge
Speaker 1: ones still taking a bet. They know what's coming, folks.
Speaker 1: That's the news. Let me know what you think. Leave
Speaker 1: your thoughts and comments below hit the thumbs up button.
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Speaker 1: so much for watching and listening. I appreciate you all
Speaker 1: and I'll talk to you all later.