WEBVTT

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<v Speaker 1>This is insane news. Michael Sailor and micro Strategy are

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<v Speaker 1>raising forty two billion dollars, yes billion, to buy bitcoin.

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<v Speaker 1>I'll share the details with you. And the United States

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<v Speaker 1>Treasury makes some very bullish statements about stable coins. They

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<v Speaker 1>put out a full report today on crypto blockchain, stable

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<v Speaker 1>coins and tokenization. I'll share the details there. And another

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<v Speaker 1>player has filed for a Salona SPOTYTF. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

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

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

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<v Speaker 1>the thumbs up button and leave a comment below. If

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<v Speaker 1>you're listening on a podcast platform such as Spotify or Apple,

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<v Speaker 1>please leave a five star rating and review. Folks, we

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<v Speaker 1>have some very interesting news coming out from the US Treasury.

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<v Speaker 1>Here are some statements from just today. We plan to

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<v Speaker 1>conduct weekly liquidity support buybacks up to four billion dollars

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<v Speaker 1>per operation. In addition, they said we expect to buy

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<v Speaker 1>up to thirty billion dollars in off the run securities

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<v Speaker 1>for liquidity support. Janet Yellen is doing stealth QE. Folks,

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<v Speaker 1>you know what this means liquidity will rise in the

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<v Speaker 1>United States, It's already been rising globally. We see China's

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<v Speaker 1>been doing economic stimulus. You may say, what the hell

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<v Speaker 1>does this have to do with crypto? What have we seen, folks?

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<v Speaker 1>The correlation between the rise of global liquidity and asset prices.

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<v Speaker 1>The more they debase the currency, the more to print

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<v Speaker 1>it will drive asset prices higher. I don't make the rules.

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<v Speaker 1>This is what's been going on. Why asset prices have

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<v Speaker 1>been going nuts, even if the economy is not doing well,

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<v Speaker 1>because it's going off the money printing that's been done

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<v Speaker 1>by governments. Guys and markets are forward looking. They see

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<v Speaker 1>what's on the horizon. And as I've been saying, they're

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<v Speaker 1>going to have to go back to full QE quantitative

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<v Speaker 1>easing sooner than later because they're cutting the rates, and

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<v Speaker 1>how are they going to pay for all of this? Right,

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<v Speaker 1>they have to print money, so that will drive asset

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<v Speaker 1>prices up. This is very bullish. I'm not saying I

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<v Speaker 1>agree with what they're doing. I'm saying this is bullish

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<v Speaker 1>for asset prices. If you understand what I'm saying. And

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<v Speaker 1>this is why Paul Tudor Jones billionaire Politutor Jones went

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<v Speaker 1>on TV just last week talking about it's going to

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<v Speaker 1>be a melt up. Right, they're going to inflate their

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<v Speaker 1>way out of this problem that they're in because there's

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<v Speaker 1>no other solution to the fiat currency problem unless they

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<v Speaker 1>adopt a blockchain model with maybe a hard asset like bitcoin,

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<v Speaker 1>but you know that we're far off from that. But

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<v Speaker 1>until they make a change, this is the status quo

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<v Speaker 1>we have to keep printing. And I've talked to you

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<v Speaker 1>guys about the boom and bus cycles. We're coming out

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<v Speaker 1>of a bus cycle. We're headed into the next boom.

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<v Speaker 1>That does not mean there won't be volatility or mini

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<v Speaker 1>market crashes along the way. There will be, right, we've

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<v Speaker 1>seen that markets will go up in a straight line.

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<v Speaker 1>But if you have a long term outlook, you know

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<v Speaker 1>how this story ends. You look at the stock market chart,

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<v Speaker 1>you look at the bigcoin chart, higher highs, higher lows.

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<v Speaker 1>We continue to make new all time highs, and that's

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<v Speaker 1>what's going to help drive bigcoin and all coins and

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<v Speaker 1>new all time highs. Folks. Now, in addition to that,

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<v Speaker 1>we got the Treasury making very big statements about stable coins.

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<v Speaker 1>They said stable coins are boosting demand for US Treasury bills,

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<v Speaker 1>and I tweeted out about this. This type of narrative

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<v Speaker 1>being put out there means stable coin legislation is right

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<v Speaker 1>around the corner. Very bullish news, guys. So stable coins

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<v Speaker 1>seem to be increasing the demand for short term United

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<v Speaker 1>States government bonds known as Treasury bills, according to US

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<v Speaker 1>Department of Treasury meeting minutes published on October thirtieth in

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<v Speaker 1>and October twenty ninth meeting, the US Treasury's Borring Advisory

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<v Speaker 1>Committee weighed the benefits of stable coin adoption and treasury

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<v Speaker 1>bill tokenization, with one member suggesting the US create a

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<v Speaker 1>permission blockchain for t bills. The minute set now. They

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<v Speaker 1>also released a massive report today that covered a variety

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<v Speaker 1>of things, but in it was a big section on

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<v Speaker 1>crypto specifically. It was titled Digital Assets and the Treasury Market,

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<v Speaker 1>and folks, I tweeted out about this. I'll put a

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<v Speaker 1>link in description so you can go read through this pdf.

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<v Speaker 1>It's amazing what's in here. It covers tokenizations, stable coins, crypto, bitcoin,

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<v Speaker 1>all everything that you can think of. It is amazing.

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<v Speaker 1>This is the future, and they have to start paying attention.

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<v Speaker 1>They have to take notice and of course they're going

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<v Speaker 1>to regulate it and incorporate it into the economy. Folks,

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<v Speaker 1>everything will be running on blockchain. Tokenization, as Larry Fink said,

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<v Speaker 1>is the future of finance. So I'll put a link

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<v Speaker 1>in the description. It's too much for me to cover

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<v Speaker 1>in a podcast. Some of these slides are very in depth, right,

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<v Speaker 1>it's too much to read off, but go check it out.

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<v Speaker 1>Link will be in the description now. Bit y cio

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<v Speaker 1>Matt Hogan was on Yahoo Finance and he said, I

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<v Speaker 1>think we're going above one hundred thousand dollars on bitcoin.

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<v Speaker 1>He said, I think this is the best time to

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<v Speaker 1>invest in bitcoin. So of course, Matt, I've had him

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<v Speaker 1>on a podcast many times, and he and other institutional

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<v Speaker 1>investors recognize what's happening here and the liquidity cycle, the

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<v Speaker 1>post election pump and seasonality and all these things are

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<v Speaker 1>aligning for the continuation of the bull market. Guys. I'm

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<v Speaker 1>very excited. Things are looking really great. That does not

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<v Speaker 1>mean we won't see volatiley, so just be prepared have

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<v Speaker 1>a long term outlook. Of course, personally, I think the

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<v Speaker 1>blow off top could come by the middle of Q

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<v Speaker 1>two or end of Q two. So we got to

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<v Speaker 1>watch out for that. So I have a plan nowhere.

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<v Speaker 1>You're going to take profits, and remember the liquidity will

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<v Speaker 1>flow mostly into bitcoin. First. Bitcoin does it's big pump

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<v Speaker 1>it draws and the media attention it draws in retail,

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<v Speaker 1>all coins start to move. Don't get blinded by the

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<v Speaker 1>euphoric phase. Stick to your plan. Know what price points

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<v Speaker 1>you're taking profit. If you are taking profits right, some

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<v Speaker 1>of you may be holding long term. You're not really

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<v Speaker 1>going to take any profits now. But just for those

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<v Speaker 1>of you who are, you know, make sure you have

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<v Speaker 1>a plan written down and guys. A great place where

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<v Speaker 1>you can buy crypto and also sell your cryptos on

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<v Speaker 1>Gemini Crypto Exchange. It's one of the exchanges I've been

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<v Speaker 1>using for years. They have many great products such as

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<v Speaker 1>a fully functional exchange and app. They have staking, they

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<v Speaker 1>have a credit card, they have a stable coin called

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<v Speaker 1>Gemini Dollar. They also have a web three creative studio

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<v Speaker 1>and Gemini's been around for a long time and they

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<v Speaker 1>are headed up by the Winkleboss Twins. They are certified,

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<v Speaker 1>regulated and licensed. They're available in seventy plus countries and folks,

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<v Speaker 1>if you sign up with my link in the description,

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<v Speaker 1>you can get fifteen dollars in bitcoin when you trade

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<v Speaker 1>your first one hundred dollars. So visit the link in

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<v Speaker 1>the description to learn more about Gemini. Now, guys, here's

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<v Speaker 1>the big news of the day. Michael Saylor, who I've

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<v Speaker 1>called the biggest bitcoin bowl of all time. He announced

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<v Speaker 1>today that they have a plan of raising forty two

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<v Speaker 1>billion dollars not million billion, to buy more bitcoin. Look,

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<v Speaker 1>the plan has been working very well for them, right,

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<v Speaker 1>It has paid off significantly. As I've stated many times,

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<v Speaker 1>I was worried about micro Strategy in twenty twenty two

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<v Speaker 1>with that bear market and all the debt he raised

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<v Speaker 1>to buy bitcoin. But he made it through, thankfully, and

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<v Speaker 1>this is going to pay off really well for him.

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<v Speaker 1>You see now that all Wall Street wants bitcoin and

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<v Speaker 1>they have the ETFs. Other companies are adding it to

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<v Speaker 1>their balance sheets. So micro strategy way ahead of the curve.

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<v Speaker 1>It's paying off well for Michael Saylor here. And this

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<v Speaker 1>plan is insane, man, I mean, my goodness, this is crazy.

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<v Speaker 1>But I think he sees the writing on the wall. Right.

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<v Speaker 1>You have Blackrock and all these institutions buying up tons

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<v Speaker 1>of bigcoe. You have presidential candidates like Donald Trump and

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<v Speaker 1>members of the Senate like Cynthia lum Is proposing the

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<v Speaker 1>United States at bitcoin as a treasury reserve asset. The

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<v Speaker 1>buying is happening globally, where different countries are buying it,

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<v Speaker 1>Different companies in different countries are buying it and putting

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<v Speaker 1>under balance sheets, so there's even more conviction now, So

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<v Speaker 1>I understand why he's making this move now. As always,

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<v Speaker 1>I hope him and micro Strategy are not getting too

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<v Speaker 1>far ahead of their skis and they're keeping it balanced

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<v Speaker 1>because you get too levered, you get too much leverage

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<v Speaker 1>in the system, and it increases your risk because something

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<v Speaker 1>could happen, unforeseen situations where it could collapse the whole thing.

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<v Speaker 1>And I'm just speaking from the outside. I don't know

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<v Speaker 1>all the details, but I hope that they're doing their

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<v Speaker 1>due diligence and not being too greedy. And we've seen

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<v Speaker 1>what too much leverage can do now. I'm not comparing

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<v Speaker 1>Michael to let's say that the bank what the bankers

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<v Speaker 1>did to the real estate market and the housing market

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<v Speaker 1>in two thousand and eight at all, but it can

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<v Speaker 1>get there if you get too greedy, you know what

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<v Speaker 1>I mean. So hopefully everything's buttoned up here now. Brian Armstrong,

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<v Speaker 1>Coinbase CEO, tweeted out the following Today. He said, we

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<v Speaker 1>get the US election results in six days, and no

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<v Speaker 1>matter how you slice it, it will be the most

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<v Speaker 1>pro crypto Congress ever. But we're not slowing down post election.

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<v Speaker 1>Today I'm announcing that coinbase has committed another twenty five

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<v Speaker 1>million dollars to support fair Shake Pack, which they will

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<v Speaker 1>use leading up to the twenty twenty six midterms to

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<v Speaker 1>elect pro crypto candidates. We're also supporting Stand with Crypto

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<v Speaker 1>in their stretch goal to reach four million advocates by

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<v Speaker 1>the twenty twenty six midterms. The crypto voter is already

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<v Speaker 1>a force to be reckoned with, but it will continue

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<v Speaker 1>to grow. We're going to keep showing up to protect

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<v Speaker 1>our customer rights and help get sensible legislation pass in

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<v Speaker 1>major markets around the world. So I love this. Brian

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<v Speaker 1>is saying, Hey, look, we're taking a lot of wins

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<v Speaker 1>in Congress right. We're more members supporting crypto, we got

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<v Speaker 1>bipartners and support, we got the anti crypto army under

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<v Speaker 1>Elizabeth Warren falling apart. But even after the election, we're

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<v Speaker 1>going to keep pushing and we're going to expand to

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<v Speaker 1>around the world. This is beautiful. Even the Crypto Council

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<v Speaker 1>for Innovations that they're expanding around the globe. So crypto

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<v Speaker 1>is here to stay, folks. It's a massive force, and

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<v Speaker 1>I think the crypto industry, recognizing how this worked in

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<v Speaker 1>the United States, they're going to take this model to

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<v Speaker 1>other countries. So, guys, I'm so bullish. All the big

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<v Speaker 1>pillars are aligning here, whether it be tradified, the politics

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<v Speaker 1>side of it, massive adoption, mainstream adoption, and so forth.

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<v Speaker 1>All these things are coming to fruition here. It's a

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<v Speaker 1>beautiful thing to watch. Now. We got news here that

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<v Speaker 1>Canary Funds, which recently filed for an ex and like

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<v Speaker 1>cooins BODYTF, has just filed for a Solana ETF. This

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<v Speaker 1>makes the second Salona ETF application in the market, following

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<v Speaker 1>van X. But Vanek had withdrew there, so let's see

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<v Speaker 1>van is gonna throw theirs back in the ring here. However,

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<v Speaker 1>Solana does have a challenge because it's named in certain

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<v Speaker 1>lawsuits that it is a security. Now XRP was declared

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<v Speaker 1>not a security intrinsically, even though there's still ongoing litigation

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<v Speaker 1>with Ripple and the SEC. But I think these guys

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<v Speaker 1>are making the bet that Gary Ginser is gone and

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<v Speaker 1>that even if Kamala Harris wins, that there will be

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<v Speaker 1>a change, that they're going to kick out against her,

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<v Speaker 1>and it's not going to be as aggressive because look,

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<v Speaker 1>I've told you guys what I've learned in being in DC.

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<v Speaker 1>It wasn't Biden who was anti Crypto. I keep telling

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<v Speaker 1>you guys, it was Elizabeth Warren. And I've heard of

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<v Speaker 1>so many people made She cut the deal with Biden

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<v Speaker 1>to drop out of the Democratic primary and that she

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<v Speaker 1>would become the financial overseer on the Democrat side and

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<v Speaker 1>her people would be positioned in different parts of the government.

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<v Speaker 1>That's why you see people the Treasury, you see Gary Ginster,

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<v Speaker 1>the SEC in other places have been attacking Crypto. It's

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<v Speaker 1>Elizabeth Warren. Now, obviously he agreed and signed off, but

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<v Speaker 1>it wasn't his agendas. What I'm trying to say, it

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<v Speaker 1>was Elizabeth Warren. Guys. She was the one leading it.

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<v Speaker 1>And now that whole thing is falling apart. So I

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<v Speaker 1>think these guys filing these things now they are putting

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<v Speaker 1>it's like a put option that Gainster is going to

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<v Speaker 1>be out right but I love it. They're calling his bluffs.

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<v Speaker 1>So James Seyfert of Bloomberg reported on the news. So

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<v Speaker 1>let's see how this all plays out now. Final news

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<v Speaker 1>item here, those of you who are Cleveland Cavaliers fans,

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<v Speaker 1>NBA fans, Well, they launch a rewards program guests on

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<v Speaker 1>which blockchain Avalanche. And it's great to see real world

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<v Speaker 1>adoption like this where NFTs tokens and different points and

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<v Speaker 1>things like that are issued on the blockchain, folks. So

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<v Speaker 1>this is really awesome. And they highlight it here that

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<v Speaker 1>there's going to be digital badges which are going to

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<v Speaker 1>be minted on the Avalanche blockchain. So this is what

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<v Speaker 1>we want to see crypto blockchains being inserted into different

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<v Speaker 1>industries and aspects of life. And obviously we're just at

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<v Speaker 1>the start. This thing is going to snowball. It's going

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<v Speaker 1>to be everywhere. Movie tickets, music, concert tickets, and all

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<v Speaker 1>that insurance policies, the d to your house, your vehicle titles,

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<v Speaker 1>all these things will be on the blockchain. So it's

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<v Speaker 1>great to see it happening in different ways, folks. Let

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<v Speaker 1>me know what you think. Leave your thoughts and comments below,

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<v Speaker 1>hit the thumbs up button. A great way you can

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<v Speaker 1>support me in the podcast is by signing up for

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<v Speaker 1>my free email newsletter on substack one hundred percent free,

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<v Speaker 1>includes crypto insights and knowledge. Be sure to also grab

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<v Speaker 1>a copy of my book, Rethinking Crypto. It's available on

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<v Speaker 1>Amazon and paperbacking digital. Grab a copy for yourself and

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<v Speaker 1>for your family and friends who want to learn about crypto.

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<v Speaker 1>Help them to learn about this technology and how to

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<v Speaker 1>invest in it. If you bought a copy already, please

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<v Speaker 1>leave a rating and review on Amazon. It will help

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<v Speaker 1>on my rankings. Thank you so much. I appreciate you all,

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