WEBVTT 1 00:00:00.560 --> 00:00:03.359 The Fed will announce on Wednesday if they will cut 2 00:00:03.439 --> 00:00:07.280 interest rates and could we hear some signals about quantitative 3 00:00:07.360 --> 00:00:10.720 viasaing and they start the money printer again. As crypto 4 00:00:10.919 --> 00:00:14.199 and the stock market and risk assets continue to struggle 5 00:00:14.240 --> 00:00:17.280 with massive sell offs, I want to share what different 6 00:00:17.320 --> 00:00:20.399 analysts are saying, as well as the rising global liquidity 7 00:00:20.679 --> 00:00:23.600 and the impact that could have on crypto in the 8 00:00:23.679 --> 00:00:26.519 latter half of March. I'll give it to details. Let's 9 00:00:26.519 --> 00:00:34.560 get into it. Hey, everybody, welcome into the Thinking Crypto Podcasts. 10 00:00:34.600 --> 00:00:38.079 You're home for cryptocurrency news and interviews. I'm your host, 11 00:00:38.200 --> 00:00:40.920 Tony Edward on your weight in. Please hit that subscribe 12 00:00:40.920 --> 00:00:43.039 button as well as the thumbsup button and leave a 13 00:00:43.079 --> 00:00:45.920 common below. If you're listening on a podcast platform such 14 00:00:45.920 --> 00:00:48.759 as Spotify or Apple, please leave a five star rating 15 00:00:48.840 --> 00:00:52.600 and review. Folks, Bitcoin and the crypto market continue to 16 00:00:53.159 --> 00:00:58.159 consolidate or chop sideways. Nothing happening here. We saw, obviously, 17 00:00:58.200 --> 00:01:01.119 Bitcoin bounce off the lows of seventy six thousand dollars. 18 00:01:01.359 --> 00:01:04.280 It's currently over eighty three thousand. But right now it's 19 00:01:04.400 --> 00:01:07.159 doing a whole bunch of sideways action. And of course 20 00:01:07.239 --> 00:01:10.439 all coins are waiting for Bitcoin's directional move because the 21 00:01:10.480 --> 00:01:14.079 market follows bitcoin. However, as I've been sharing with you guys, 22 00:01:14.079 --> 00:01:17.840 the macro is setting up nicely overall, with the DXY 23 00:01:17.879 --> 00:01:20.680 and the Dollar currency index crashing, so that's very good 24 00:01:20.719 --> 00:01:23.319 for risk assets. There is a lag and of course 25 00:01:23.599 --> 00:01:27.079 global liquidity continues to surge. Guys. This is very good. 26 00:01:27.560 --> 00:01:29.719 And we know the system we live in is the 27 00:01:29.760 --> 00:01:32.799 fiat currency system where they have to print and this 28 00:01:32.920 --> 00:01:35.920 is not just US, but central banks globally. So the 29 00:01:36.000 --> 00:01:42.200 fundamental principle of why assets rise is due to global liquidity. Now, 30 00:01:42.200 --> 00:01:45.040 when you get to the specifics in the short term 31 00:01:45.079 --> 00:01:48.640 and mid term, it's based on company earnings, right or 32 00:01:48.719 --> 00:01:52.359 adoption and all these different factors that are usually out 33 00:01:52.359 --> 00:01:55.239 there in the mainstream. What's not in the mainstream is 34 00:01:55.280 --> 00:01:58.159 global liquidity, and that the more money they keep printing 35 00:01:58.200 --> 00:02:00.359 in that the basement of the currency, that is what 36 00:02:00.480 --> 00:02:05.359 drives asset prices for cryptostocks, real estate and much more. So, 37 00:02:05.959 --> 00:02:08.120 all of these things are moving in the right direction 38 00:02:08.240 --> 00:02:10.400 for US. And this week we're going to hear from 39 00:02:10.479 --> 00:02:13.319 Jerome Powell in the FED on Wednesday, we will hear 40 00:02:13.479 --> 00:02:16.159 if they're going to cut rates now I think there's 41 00:02:16.199 --> 00:02:19.120 a high chance they do, given the market pullback. We've 42 00:02:19.159 --> 00:02:21.840 been seeing huge sell offs right, and then you have 43 00:02:22.280 --> 00:02:24.520 all the things that are going on with tariffs and 44 00:02:24.560 --> 00:02:27.000 the tariff wars on and off and all that jazz. 45 00:02:27.919 --> 00:02:30.400 But we also may get some signals from the Fed 46 00:02:30.919 --> 00:02:35.520 that they're pausing quantitative tightening because they've paused rates. They 47 00:02:35.520 --> 00:02:38.240 started cutting rates last year and they're still on the 48 00:02:38.280 --> 00:02:43.520 cutting rates track, but quantitative tightening itself, they haven't officially said, hey, 49 00:02:43.560 --> 00:02:47.039 this is ended, and we know once that's ended, it's 50 00:02:47.080 --> 00:02:48.800 only a matter of time for them to go back 51 00:02:48.840 --> 00:02:51.560 to quantitative easing and printing money. You may say, well, 52 00:02:51.560 --> 00:02:53.000 how do you know that, Tony, Well, look at this. 53 00:02:53.159 --> 00:02:57.520 The government. Congress passed a bill to avert the government shutdown, 54 00:02:57.840 --> 00:03:00.159 and of course they're going to spend trillions of dollars. 55 00:03:00.159 --> 00:03:03.199 I think it's like six point seventy five trillion, taking 56 00:03:03.240 --> 00:03:06.240 the government till September where they will have to do 57 00:03:06.280 --> 00:03:09.080 another bill. So they have to keep doing this, and 58 00:03:09.120 --> 00:03:11.960 the more they raise the debt ceiling, the more they 59 00:03:11.960 --> 00:03:14.039 have to spend, and then more money they have to 60 00:03:14.080 --> 00:03:17.000 print to service the debt. This is the same cycle 61 00:03:17.080 --> 00:03:20.520 over and over, and that's why no Republican or Democrat 62 00:03:20.560 --> 00:03:24.000 can stop this unless they change the entire system. Now, 63 00:03:24.000 --> 00:03:25.840 I know some of you're gonna say, Tony, but what 64 00:03:25.919 --> 00:03:30.280 about Doge. They've been cutting the over spending and all 65 00:03:30.319 --> 00:03:32.840 the frivolous spending as well. Well, that's just a drop 66 00:03:32.840 --> 00:03:35.840 in the bucket. Here. Bob Elliott, who's the chief investment 67 00:03:35.879 --> 00:03:39.919 officer at Unlimited Funds, he tweeted out the US federal 68 00:03:39.960 --> 00:03:45.560 expenditures chart and showing that the spending is continuing. Guys, 69 00:03:45.639 --> 00:03:48.879 it's on track and it is expected to continue to 70 00:03:48.919 --> 00:03:51.960 go up. And even though Elon and the folks that 71 00:03:52.039 --> 00:03:54.039 those are trying to cut some of these things it 72 00:03:54.080 --> 00:03:56.439 once against to drop in the bucket. So Bob says, 73 00:03:56.479 --> 00:04:00.719 still no signs of a slowdown in total expenditures, despite 74 00:04:01.039 --> 00:04:06.520 some shifts in underlying composition away from us AID toward FEMA, etc. 75 00:04:07.439 --> 00:04:10.879 So this is the status quo. And you may say, Tony, 76 00:04:11.039 --> 00:04:13.560 this is a crypto podcast, and show why are you 77 00:04:13.719 --> 00:04:18.920 talking about macro factors, because all of these assets are 78 00:04:18.959 --> 00:04:22.040 correlated to the macro. And when I learned this, it's 79 00:04:22.079 --> 00:04:25.000 when I started to understand the markets better and not 80 00:04:25.199 --> 00:04:28.000 moving by my emotions, right, We're all programmed to go 81 00:04:28.079 --> 00:04:31.759 with mainstream media and sensationalized headlines and all these things. 82 00:04:31.759 --> 00:04:35.360 But once you understand what's happening behind the scenes, what 83 00:04:35.519 --> 00:04:37.959 is the root of all these things that drives markets. 84 00:04:38.319 --> 00:04:42.600 It's this right here. They keep printing, and that of 85 00:04:42.639 --> 00:04:46.079 course raises the asset prices, right because the denomination is 86 00:04:46.079 --> 00:04:48.959 the Fiat currencies. So the triggers or the catalysts for 87 00:04:49.079 --> 00:04:52.439 keep printing is the governments have to service their debt. 88 00:04:52.519 --> 00:04:55.319 And this is glows for every central bank around the globe. 89 00:04:55.439 --> 00:04:58.720 And we saw China has already started stimulus, guys, and 90 00:04:58.759 --> 00:05:01.439 that's why global liquidity he's been surging in addition to 91 00:05:01.480 --> 00:05:03.800 other central banks. But of course we primarily look at 92 00:05:03.800 --> 00:05:06.199 the superpowers because they have bigger economies. They have they 93 00:05:06.240 --> 00:05:08.000 spend a lot more so China and the United States, 94 00:05:08.040 --> 00:05:12.360 Russia and support so Europe as well. So guys, I 95 00:05:12.480 --> 00:05:15.000 just see the same story at all over and over. Now, 96 00:05:15.040 --> 00:05:17.560 some people may say, why isn't it pumping right away? 97 00:05:17.600 --> 00:05:19.279 Based on the data, there's a bit of a lag 98 00:05:19.319 --> 00:05:22.759 as that liquidity makes its way through the economy and market. 99 00:05:22.879 --> 00:05:25.800 So this is just the data folks, right, So I 100 00:05:25.839 --> 00:05:28.439 want to make sure that you understand. You can literally 101 00:05:28.480 --> 00:05:31.319 go to the FED, the Saint Louis FED website and 102 00:05:31.360 --> 00:05:33.800 look at the M two money supply and the M 103 00:05:33.839 --> 00:05:36.600 one money supply, and guys, for those of you listening 104 00:05:36.600 --> 00:05:39.639 in the podcast, it is on the rise. It continues 105 00:05:39.680 --> 00:05:42.000 to trend higher and higher and higher since like the 106 00:05:42.040 --> 00:05:44.560 beginning of twenty twenty four. For the most part, it's 107 00:05:44.600 --> 00:05:47.360 been on the rise, and guys' asset prices will follow it. 108 00:05:47.399 --> 00:05:49.639 And once again, it's not just the United States, it's 109 00:05:49.680 --> 00:05:51.680 the central banks globally, So you can go look at 110 00:05:51.680 --> 00:05:54.160 this data. I always point you, guys, to the facts, 111 00:05:54.160 --> 00:05:56.839 the data, the charts, and much more, not our emotions. 112 00:05:57.360 --> 00:05:59.279 You're going to see a lot of headlines. You saw 113 00:05:59.319 --> 00:06:02.920 people who pay solo over tariff fears, and I often 114 00:06:02.959 --> 00:06:05.360 tell people like, why are you panic selling? That is 115 00:06:05.399 --> 00:06:08.160 an opportunity to buy. That is when you buy, just 116 00:06:08.199 --> 00:06:11.959 go follow investors like Warren Buffett and others. Right, there's 117 00:06:11.959 --> 00:06:15.160 a saying time in the markets is greater than trying 118 00:06:15.240 --> 00:06:18.120 to time the market. So just taking a position and 119 00:06:18.160 --> 00:06:20.839 sometimes even just letting it sit for years, obviously you 120 00:06:20.839 --> 00:06:24.279 should pay attention right and understand what's happening here. But 121 00:06:24.399 --> 00:06:27.079 even simply doing that is better than panic selling and 122 00:06:27.120 --> 00:06:29.800 moving by your emotions. That's the wrong way. So you 123 00:06:29.800 --> 00:06:32.600 have to unlearn the lottery mindset. Well, I play the 124 00:06:32.680 --> 00:06:35.040 numbers and next week I get the numbers. No, or 125 00:06:35.079 --> 00:06:37.439 I go to the casino and I gamble. I played 126 00:06:37.439 --> 00:06:40.120 the slot and I get the outcome right away. That's 127 00:06:40.199 --> 00:06:44.199 not investing. That's gambling. Investing requires a lot of patience, 128 00:06:44.319 --> 00:06:47.079 requires you learning what the hell is happening in the 129 00:06:47.120 --> 00:06:49.079 economy and the markets. You don't have to be a 130 00:06:49.120 --> 00:06:52.240 Wall Street expert, but you have to have a baseline 131 00:06:52.240 --> 00:06:54.680 knowledge at least right to navigate the waters. And that's 132 00:06:54.680 --> 00:06:56.439 what I'm trying to share here with you guys. And 133 00:06:56.480 --> 00:06:58.199 I've been on that journey, so that's why I'm trying 134 00:06:58.240 --> 00:07:00.600 to share it with you. It really unlike a lot 135 00:07:00.600 --> 00:07:04.360 of things for me to even bypass political narratives. Right 136 00:07:04.439 --> 00:07:07.240 with the political show you often see with the government 137 00:07:07.319 --> 00:07:10.639 shut down, Democrats are Republicans fight each other. It's all 138 00:07:10.879 --> 00:07:14.680 a show. What matters is the bill that they put 139 00:07:14.720 --> 00:07:17.399 out and that they both know they have to spend, 140 00:07:17.519 --> 00:07:19.519 and the money printer to FED and the treasure you're 141 00:07:19.519 --> 00:07:21.920 all going to work together to get this done. And guys, 142 00:07:22.519 --> 00:07:25.639 not to get too political, but that bill they pass 143 00:07:26.160 --> 00:07:29.040 was a Democrat bill from last year, and the Republicans 144 00:07:29.040 --> 00:07:31.199 were against it, and they did add some tweaks to it. 145 00:07:31.199 --> 00:07:34.000 Don't get me wrong. What's the Democrat bill from last year? 146 00:07:34.360 --> 00:07:38.040 So you see, there's a political show a theater that happens, 147 00:07:38.079 --> 00:07:41.720 and everybody gets caught up in their own political narratives 148 00:07:41.720 --> 00:07:44.720 and they fight each other, but they're distracted from the 149 00:07:44.800 --> 00:07:49.319 fundamental issue here, and that is the money. Printer has 150 00:07:49.360 --> 00:07:52.000 to keep going. They have to keep funding the government. 151 00:07:52.040 --> 00:07:55.199 They got to keep raising the debt ceiling. So I 152 00:07:55.240 --> 00:07:57.680 hope you understand what's happening here. And I'm not trying 153 00:07:57.720 --> 00:07:59.879 to say it's not important to vote, or it's not 154 00:08:00.079 --> 00:08:03.120 important to understand what different parties are doing, but there's 155 00:08:03.160 --> 00:08:05.720 certain things they agree on and they kind of put 156 00:08:05.800 --> 00:08:07.519 on a show that they're fighting each other or not. 157 00:08:07.680 --> 00:08:10.560 They both do the same thing. Go back in history 158 00:08:10.600 --> 00:08:13.199 and just watch it play out over and over right 159 00:08:13.240 --> 00:08:15.759 when you don't get blinded by the narratives, and you 160 00:08:15.839 --> 00:08:18.680 just see what bill was passed, what the Fed is doing, 161 00:08:18.759 --> 00:08:21.360 what the Treasure is doing. It tells you the story, 162 00:08:22.079 --> 00:08:25.399 but you have to go past the mainstream media and 163 00:08:25.399 --> 00:08:28.399 do your research. Right, Not too many people are going 164 00:08:28.399 --> 00:08:30.360 to the Saint Louis Fed website to look at the 165 00:08:30.519 --> 00:08:33.200 M two money supply, many of just living their lives 166 00:08:33.240 --> 00:08:36.279 going about, Oh you see these democrats, Ah, these Republicans. 167 00:08:36.840 --> 00:08:39.639 They get caught up too much in the narratives instead 168 00:08:39.639 --> 00:08:42.320 of looking at the data. And I hope you see 169 00:08:42.399 --> 00:08:44.440 where I'm trying to point you here, because this is 170 00:08:44.480 --> 00:08:48.159 what drives asset prices. Obviously, like I said, there's another 171 00:08:48.240 --> 00:08:53.320 layer to it with earnings for companies and adoption and 172 00:08:53.360 --> 00:08:56.159 all these things. Right, so don't get me wrong, but 173 00:08:56.200 --> 00:08:59.559 the main catalyst is this, guys. So I'm bullish. I 174 00:08:59.639 --> 00:09:02.399 like what I'm seeing from the macro despite the corrections 175 00:09:02.399 --> 00:09:04.480 we're seeing here. And you know I shared with you 176 00:09:04.480 --> 00:09:07.840 guys the other day. The stock market, the NASDAC, the 177 00:09:07.960 --> 00:09:10.600 Dow Jones, the SMP five hundred are seen a little 178 00:09:10.600 --> 00:09:12.720 bit of a bounds, but I'm not sure if we're 179 00:09:12.840 --> 00:09:15.519 completely out of the woods yet. And maybe this week 180 00:09:15.559 --> 00:09:18.240 with the FOMC meeting, we get some positive news and 181 00:09:18.279 --> 00:09:20.120 the markets start ripping, and guess what people are going 182 00:09:20.200 --> 00:09:23.399 to forget about this corrective phase. It's the same thing 183 00:09:23.639 --> 00:09:25.919 over and over and over. And as I've said in 184 00:09:25.960 --> 00:09:29.919 the past episodes, in my recent newsletter, the different signals 185 00:09:29.919 --> 00:09:32.639 that have triggered the top of the crypto market are 186 00:09:32.639 --> 00:09:36.279 not there. So I look at all these pieces of 187 00:09:36.320 --> 00:09:40.799 information together, not just one, to form my thesis. So 188 00:09:41.240 --> 00:09:43.480 fingers crossed, guys, we get some good news this week. 189 00:09:43.519 --> 00:09:46.519 But I like to remind you, guys, anytime there's an 190 00:09:46.600 --> 00:09:51.399 FMC meeting in a respective week, it's extremely volatile, so 191 00:09:51.440 --> 00:09:53.759 you're gonna see swings up and down, so don't be 192 00:09:54.559 --> 00:09:57.879 surprised by that. And you can't really judge the market 193 00:09:57.919 --> 00:10:00.679 this week, honestly, right, how many times have I told you, 194 00:10:00.679 --> 00:10:02.919 guys that you can't judge it. You have to wait 195 00:10:03.039 --> 00:10:06.480 maybe the following week, let the dust settle, and hopefully 196 00:10:06.480 --> 00:10:08.799 we get some very good news here. Given that the 197 00:10:08.840 --> 00:10:12.919 stock market, crypto everything has been selling off, consumer confidence, 198 00:10:12.919 --> 00:10:15.240 all these things are down, so we'll have to wait 199 00:10:15.240 --> 00:10:18.279 and see, guys. And here's a funny one that may 200 00:10:18.320 --> 00:10:22.440 be good for us. Jim Kramer, the mad money man himself, 201 00:10:22.720 --> 00:10:25.279 says the market is preparing to give up some gains, 202 00:10:25.679 --> 00:10:29.720 so he's bearish and as you all know, inverse Kramer, right, 203 00:10:29.720 --> 00:10:33.039 you do the opposite of Kramer. So maybe we'll be 204 00:10:33.120 --> 00:10:35.279 back this week, if not this week, the following week, 205 00:10:35.360 --> 00:10:38.360 where you know, the markets will start to climb out 206 00:10:38.440 --> 00:10:42.039 of this hole that we're in. So let's see you, guys. 207 00:10:42.080 --> 00:10:46.159 But Kramer strikes again, folks, quickly from our sponsor, and 208 00:10:46.159 --> 00:10:50.360 that is Proppy. Proppy is a leader in putting real 209 00:10:50.480 --> 00:10:51.279 estate on chain. 210 00:10:51.320 --> 00:10:51.639 Guys. 211 00:10:51.919 --> 00:10:54.240 You can use Propy to buy and sell real estate, 212 00:10:54.279 --> 00:10:56.399 and of course you can do it with crypto. And 213 00:10:56.480 --> 00:10:59.240 their platform is powered by blockchain and a lot of 214 00:10:59.240 --> 00:11:02.200 the processes and contracts and so forth are on the blockchain. 215 00:11:02.440 --> 00:11:04.600 This is the future. 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All right, guys, 237 00:12:10.960 --> 00:12:13.720 now we've been talking a lot about the big news 238 00:12:13.799 --> 00:12:18.279 that happened last week where Senator Haggerty's stable Coin Build 239 00:12:18.279 --> 00:12:21.759 a Genius Act made it out of the Senate Banking 240 00:12:22.000 --> 00:12:25.120 gop OR Committee, I should say, and it's now going 241 00:12:25.159 --> 00:12:26.879 to make its way to the Senate floor to be 242 00:12:27.080 --> 00:12:30.559 voted on. And I said in last week's podcast there 243 00:12:30.559 --> 00:12:33.080 are many layers to this onion to peel back here. 244 00:12:33.440 --> 00:12:37.639 And that is one stable coin legislation, right, giving clarity 245 00:12:37.679 --> 00:12:40.639 to the market, more people being able to launch stable coins, 246 00:12:40.679 --> 00:12:43.240 and make sure you regulate the players so they don't 247 00:12:43.320 --> 00:12:46.559 scam anybody or do anything bad, because bad actors appear 248 00:12:46.600 --> 00:12:50.279 in every market. Of course. Two the geopolitical aspect, where 249 00:12:50.399 --> 00:12:53.919 US dollar stable coins will help the US dollar maintain 250 00:12:54.000 --> 00:12:56.559 its will reserve currency status. And I said that both 251 00:12:56.600 --> 00:12:58.840 Democrats and Republicans are going to be on board here 252 00:12:58.840 --> 00:13:02.120 because these are the things they can they usually agree on, right, 253 00:13:02.399 --> 00:13:05.720 the power of the United States, the money printing as 254 00:13:05.759 --> 00:13:09.279 mentioned earlier, so those are things usually don't see fights about. 255 00:13:09.519 --> 00:13:13.240 So Democrats supported the Genius Act from Senator Haggerty to 256 00:13:13.279 --> 00:13:16.120 get this done. And Senator Tim Scott he posted a 257 00:13:16.200 --> 00:13:19.039 video today he's the chairman of the Banking GOP where 258 00:13:19.080 --> 00:13:21.840 he talked about stable coins and crypto. Let me play 259 00:13:21.879 --> 00:13:22.480 the clip for you. 260 00:13:22.759 --> 00:13:26.200 Crypto currency is here to stay. We want to innovate 261 00:13:26.240 --> 00:13:30.039 in America before we overregulate it. We had a framework 262 00:13:30.080 --> 00:13:33.960 put in place led by Senator Haggarty, Senator Lummus myself 263 00:13:34.600 --> 00:13:38.879 making sure that the stable coins to understand stable coins. 264 00:13:39.039 --> 00:13:42.559 It's kind of like a traveler's check on the blockchain. 265 00:13:43.000 --> 00:13:46.799 It gives people more access to the resources, and it 266 00:13:46.799 --> 00:13:51.039 will reduce the cost of doing business in America a 267 00:13:51.320 --> 00:13:54.519 leap in the right direction. We will be the country 268 00:13:54.799 --> 00:13:59.200 that leads in the crypto currency footprint for generations to come. 269 00:13:59.480 --> 00:14:02.639 It's another promise made by President Trump on the campaign troll, 270 00:14:03.000 --> 00:14:07.759 another promise that we're keeping in our legislative agenda and priorities. 271 00:14:08.000 --> 00:14:13.200 The American people can rest assured that democratization is here 272 00:14:13.240 --> 00:14:16.080 to stay, and it will get better and better as 273 00:14:16.120 --> 00:14:19.440 we move these bills to the President's desk to be 274 00:14:19.559 --> 00:14:22.279 signed into law. It was a really good week. 275 00:14:22.519 --> 00:14:24.759 So you heard what he had to say. He started 276 00:14:24.759 --> 00:14:27.919 out by saying, crypto is here to stay. This is 277 00:14:28.200 --> 00:14:32.960 a congressman who heads up the Banking Committee. Guys, the 278 00:14:33.000 --> 00:14:37.039 Senate Banking Committee, Please recognize what's happening here. This is 279 00:14:37.080 --> 00:14:41.440 a paradigm shift. And we have tradfy wall streets here, Blackrock, 280 00:14:41.519 --> 00:14:43.720 all these guys, and you have the government on board. 281 00:14:44.120 --> 00:14:47.360 So if you are feeling bearish and dismayed by the 282 00:14:47.399 --> 00:14:50.399 price action, you're not looking at the bigger picture. You're 283 00:14:50.519 --> 00:14:53.440 just emotional about the price. And I don't say that 284 00:14:53.480 --> 00:14:55.679 to put you down or make you feel bad, but 285 00:14:55.840 --> 00:14:59.960 to wake up to move beyond the price price is important. Guy. 286 00:15:00.120 --> 00:15:03.399 I've said many times I have financial goals. I want 287 00:15:03.559 --> 00:15:05.679 certain price points for the crypto I hold, and I 288 00:15:05.720 --> 00:15:07.480 want to take profits, and I'm going to do that 289 00:15:07.559 --> 00:15:10.879 this year. But I got to be patient, right and 290 00:15:10.960 --> 00:15:13.240 I have to look at the bigger picture of what's happening, 291 00:15:13.320 --> 00:15:17.399 because there is a lead up to the higher prices, 292 00:15:17.759 --> 00:15:20.840 things like legislation, things like getting all these people on board, 293 00:15:20.919 --> 00:15:24.960 which fosters innovation and gives the green light for more 294 00:15:25.000 --> 00:15:27.879 capital to come in. When you have the President's pro crypto, 295 00:15:27.919 --> 00:15:31.320 Congress is pro crypto, the SEC dropping crypto cases, and 296 00:15:31.399 --> 00:15:34.360 much more. So I hope you understand what's happening here. 297 00:15:34.440 --> 00:15:39.360 So guys, big statements from Senator Tim Scott here, and 298 00:15:39.720 --> 00:15:42.279 I'm so bullish on what crypto is going to look 299 00:15:42.320 --> 00:15:47.000 like as we progress into the year. Now. US Representative 300 00:15:47.000 --> 00:15:50.159 Byron Donald's he's of course out of Florida, and I 301 00:15:50.200 --> 00:15:51.960 had him on the podcast years ago. I think it 302 00:15:52.039 --> 00:15:54.639 was twenty twenty. I from not mistaken. He has introduced 303 00:15:54.639 --> 00:15:58.399 a bill to cement President Trump's strategic Bitcoin reserve into law, 304 00:15:58.519 --> 00:16:02.960 protecting it from future administrations. So they have to get 305 00:16:03.120 --> 00:16:06.799 this done right. It can't be an executive order. It 306 00:16:06.879 --> 00:16:10.919 has to go through Congress because if it's just an 307 00:16:10.919 --> 00:16:14.039 executive order, another administration can come in and wipe it out. 308 00:16:14.480 --> 00:16:17.279 But if Congress gets it done, guys, this would be 309 00:16:17.320 --> 00:16:20.960 really big and I'm excited. So this is the right move. 310 00:16:21.039 --> 00:16:23.720 And Byron Nonels has been a pro crypto for a 311 00:16:23.720 --> 00:16:27.360 long time before many members of Congress. So really great 312 00:16:27.360 --> 00:16:29.759 to see that this is happening. Final news item here 313 00:16:29.759 --> 00:16:32.279 I want don't you guys know about Solana. Solana marks 314 00:16:32.440 --> 00:16:36.840 five year anniversary as network activity dips, fire Dancer launch 315 00:16:36.919 --> 00:16:40.240 inches closer. So Solana has seen a dip, but the 316 00:16:40.279 --> 00:16:42.679 overall market has seen a dip. However, a lot of 317 00:16:42.759 --> 00:16:44.960 meme coins have been on Solana and that market is 318 00:16:45.080 --> 00:16:45.960 right up, thank god. 319 00:16:46.080 --> 00:16:46.279 Right. 320 00:16:46.399 --> 00:16:48.559 Some of you may hate me for saying that, but 321 00:16:48.879 --> 00:16:51.360 it was too frothy and we saw it was getting 322 00:16:51.519 --> 00:16:55.320 too djen where I mean the meme coins and the 323 00:16:55.399 --> 00:16:58.399 rug pulls is just ridiculous. And I'm not against all 324 00:16:58.440 --> 00:17:01.120 meme coins, like I believe there are legiti meme coings 325 00:17:01.159 --> 00:17:03.279 that have build a brand and a community, and they're 326 00:17:03.279 --> 00:17:05.839 trying to get real world adoption and much more. They're 327 00:17:05.880 --> 00:17:08.240 not set up as RUG poles, right like your doge Goines, 328 00:17:08.279 --> 00:17:10.480 your Pepes, your bonks and so forth. But as you 329 00:17:10.480 --> 00:17:12.400 guys know, there's been a ton of rug poles just 330 00:17:12.440 --> 00:17:14.839 started overnight and they get you know, you think about 331 00:17:14.880 --> 00:17:17.160 Dave Portnoy and all the nonsense he was doing it 332 00:17:17.240 --> 00:17:20.640 much more so. User activity has dipped somewhat on the 333 00:17:20.680 --> 00:17:24.400 network as pump dot fund activity wanes. Saturday mark the 334 00:17:24.440 --> 00:17:29.319 lowest proportion of tokens graduating to radium since the platforms 335 00:17:29.359 --> 00:17:34.240 launched last year. Great news, Jump Cryptos fire Dancer Solana client, 336 00:17:34.400 --> 00:17:37.279 currently in its test phase, is expected to launch this year. 337 00:17:37.640 --> 00:17:37.799 Now. 338 00:17:37.839 --> 00:17:41.440 Fire Dancer is going to be very big for Solanum. Obviously, 339 00:17:41.480 --> 00:17:43.799 we have to wait and see how it will perform 340 00:17:44.079 --> 00:17:46.880 and how things will play out. But this is a 341 00:17:46.920 --> 00:17:50.680 big update coming for Solana and it should help it 342 00:17:50.960 --> 00:17:54.680 to have less downtime and to be more efficient and 343 00:17:54.759 --> 00:17:56.480 much more. So, let me give you some details on 344 00:17:56.559 --> 00:17:59.799 fire Dancer. The next significant milestone for the blockchain will 345 00:17:59.839 --> 00:18:03.680 like be the launch of Jump Cryptos fire Dancers Solana client, 346 00:18:03.720 --> 00:18:07.880 which provides an alternative high performance client for the network, 347 00:18:07.960 --> 00:18:13.400 increasing its transaction processing capabilities and resilience to threats and outages. 348 00:18:13.599 --> 00:18:16.799 A testnet version of the client and prototype Mayet version 349 00:18:17.160 --> 00:18:20.480 named Franken Dancer, both launched in September of last year. 350 00:18:20.880 --> 00:18:23.519 Though its launch was originally planned for the second quart 351 00:18:23.559 --> 00:18:26.880 of twenty twenty four, fire Dancer is widely expected to 352 00:18:26.960 --> 00:18:30.519 launch in full this year. Helius co founder Mert Memt 353 00:18:30.559 --> 00:18:34.119 has a significant figure in the Salona community, predicted in 354 00:18:34.200 --> 00:18:37.519 December that fire Dancer will go live end of Q two. 355 00:18:37.720 --> 00:18:40.599 The upgrade is expected to help Salona scale towards its 356 00:18:40.599 --> 00:18:44.240 goal of one million transactions per second. That's pretty good 357 00:18:44.559 --> 00:18:47.079 and it looks promising. Now we have to see if 358 00:18:47.119 --> 00:18:50.240 it actually works right. And I'm not being biased in 359 00:18:50.279 --> 00:18:52.839 any way. I hold some Solana tokens, but if this 360 00:18:52.920 --> 00:18:55.920 upgrade was happening on ethererem or XRP, I have to say, hey, 361 00:18:56.000 --> 00:18:58.000 let's see if it works right. We're not here to 362 00:18:58.039 --> 00:19:01.519 be emotional or bias or have some sort of maximalism 363 00:19:01.519 --> 00:19:04.079 like bitcoin maxis and so forth, but to make sure 364 00:19:04.119 --> 00:19:06.440 these things work because we are here to make money, guys, 365 00:19:06.519 --> 00:19:09.000 and ride the wave of this new technology and the 366 00:19:09.039 --> 00:19:11.559 adoption it's getting. But Solana has been getting a lot 367 00:19:11.599 --> 00:19:14.200 of adoption and you can't argue with that. That's the facts. 368 00:19:14.200 --> 00:19:17.519 But you know, one of the things that I'm curious 369 00:19:17.519 --> 00:19:20.880 about because it says the end of Q two and 370 00:19:21.000 --> 00:19:23.200 the timing right, you always got to watch the timing 371 00:19:23.240 --> 00:19:26.240 and how it aligns with market seasonality and what we've 372 00:19:26.240 --> 00:19:30.640 seen historically. So for example, usually Q two is very 373 00:19:30.680 --> 00:19:35.519 good for markets, especially in bull market years where you know, April, 374 00:19:35.559 --> 00:19:37.599 May June are very good. But then there's this saying 375 00:19:37.680 --> 00:19:40.000 sell and may go away because the summertimes are not 376 00:19:40.160 --> 00:19:45.160 usually that great. So could we see a reversal in 377 00:19:45.359 --> 00:19:48.519 the crypto market soon that starts starts the process of 378 00:19:48.599 --> 00:19:51.200 us going up. April is really good and it May 379 00:19:51.279 --> 00:19:53.400 is really good. Then there's a sell off in early June, 380 00:19:53.839 --> 00:19:58.079 and as always, buid the rumor sell the news event right, 381 00:19:58.720 --> 00:20:01.799 So Solana may start to get some bullish momentum as 382 00:20:01.799 --> 00:20:04.240 people get excited about oh, fire Dancer is going to 383 00:20:04.279 --> 00:20:07.680 be launching end of May or June, right, And just 384 00:20:07.720 --> 00:20:09.680 like we saw with the ETF launch, just like we 385 00:20:09.720 --> 00:20:12.119 saw with Trump winning the election and coming into office, 386 00:20:12.880 --> 00:20:16.319 pump buider rumor sell the news right then the dump. 387 00:20:16.920 --> 00:20:18.799 This is just the cycle of markets. It happens in 388 00:20:18.839 --> 00:20:22.240 the stock market as well, so I hope you guys understand. 389 00:20:22.240 --> 00:20:24.319 So this is you know, the timing of it. This 390 00:20:24.359 --> 00:20:26.079 is where you want to read between the lines, right. 391 00:20:26.480 --> 00:20:28.920 They may be holding off on this to catch the 392 00:20:28.920 --> 00:20:32.839 bullish momentum. So this is promising, you know. But let's 393 00:20:32.880 --> 00:20:35.240 see that we don't have a crystal ball. We don't 394 00:20:35.279 --> 00:20:37.160 know everything that's going to happen in the future, but 395 00:20:37.240 --> 00:20:39.359 we can form a thesis and look at what's happening. 396 00:20:39.400 --> 00:20:43.279 So this is really big for Solana and could signal 397 00:20:43.319 --> 00:20:45.960 also that we are going to have that rally that 398 00:20:46.000 --> 00:20:49.319 we've been waiting for. And I think that rally would 399 00:20:49.359 --> 00:20:52.039 have started sooner if we didn't have these macro factors 400 00:20:52.039 --> 00:20:54.359 of the tariff stuff, which is really put a lot 401 00:20:54.359 --> 00:20:57.000