WEBVTT

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

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

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

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<v Speaker 1>well as the thumbsup button and leave a common below.

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

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<v Speaker 1>or Apple, please go ahead and follow and leave a

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<v Speaker 1>five star rating. Okay, folks, let's start with the price

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<v Speaker 1>of bitcoin. There's not too much to talk about, but

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<v Speaker 1>I do want to highlight some metrics and things that

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<v Speaker 1>we are seeing around bitcoin that look very good. So

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<v Speaker 1>we've been talking about the DXY and that has been

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<v Speaker 1>breaking down, which is a very positive sign for bitcoin

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<v Speaker 1>and risk assets. Matthew Hyland, who's a great analyst, highlighted

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<v Speaker 1>the following. He said, the last two times the DXY

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<v Speaker 1>broke below ninety six, Bitcoin ran from two thousand to

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<v Speaker 1>twenty thousand dollars within six months and ran from ten

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<v Speaker 1>thousand dollars to sixty four thousand dollars within nine months.

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<v Speaker 1>The DXY is currently sitting at ninety six point three.

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<v Speaker 1>So history has shown when the dollar is breaking down

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<v Speaker 1>at this level, we've had a massive run up in bitcoin.

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<v Speaker 1>Now it doesn't mean that it has to repeat that way,

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<v Speaker 1>but this, in line with other factors, are certainly indicating

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<v Speaker 1>that a big move could be on the horizon for bitcoin. Now,

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<v Speaker 1>we're gonna have to be patient, right. I've been saying

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<v Speaker 1>that in every podcast, we have to be patient, let

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<v Speaker 1>things play out. Yesterday we were talking about the bitcoin

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<v Speaker 1>to goal ratio and that Bitcoin is almost bottoming out

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<v Speaker 1>based on goals move, while gold and silver look like

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<v Speaker 1>they're topping out. So you have these factors which are

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<v Speaker 1>just screaming a move is coming. One of the things

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<v Speaker 1>I've been highlighting though, is is this simply a move

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<v Speaker 1>for bitcoin that does not go to all time highs.

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<v Speaker 1>It's just a dead cat bounce or relief rally and

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<v Speaker 1>then it rolls over to bearmarket lows. Or is this

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<v Speaker 1>the continuation upward? Bitcoin goes to one hundred and thirty

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<v Speaker 1>five to one hundred and forty or even higher one

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<v Speaker 1>hundred and forty four, and you know, maybe that's another

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<v Speaker 1>local top or that's the blow off top. I don't

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<v Speaker 1>have a crystal ball, so I'm just presenting all the

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<v Speaker 1>scenarios to you. Some people are out there saying definitively

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<v Speaker 1>we are in a bear market. There are people out

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<v Speaker 1>there saying definitively we are in a bullmarket, but no,

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<v Speaker 1>we have to say, right now, we don't have confirmation

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<v Speaker 1>of those things. So if those people who are telling

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<v Speaker 1>you these things are not giving you this different scenarios,

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<v Speaker 1>then they're doing you a disservice, right. And if they

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<v Speaker 1>seem to know that, Okay, this is where it's at,

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<v Speaker 1>please ask them for the winning lottery numbers, right, so

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<v Speaker 1>we can go play the lottery. It will be a

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<v Speaker 1>lot easier than investing where you have to be patient. Right,

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<v Speaker 1>So I hope you understand what I'm saying, But this

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<v Speaker 1>is a positive sign. Again. This is the data, not

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<v Speaker 1>feelings or emotions, not hype, just simply here's how things

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<v Speaker 1>have played out historically. And as I've been saying, the

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<v Speaker 1>DXY going down like this is very bullish for risk assets,

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<v Speaker 1>not just crypto but also the stock market. And I

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<v Speaker 1>think we got to watch gold and silk as again

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<v Speaker 1>that ratio plays out, but also looks like, you know,

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<v Speaker 1>gold and silver are topping out. Whether that's a local

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<v Speaker 1>top or a blow off top, I don't know. We're

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<v Speaker 1>gonna have to wait and see, because gold and silver

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<v Speaker 1>have been going parabolic. Their charts look incredible, and I

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<v Speaker 1>wish crypto would have its moment like that. But look,

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<v Speaker 1>crypto has outperform gold and silver and all these things

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<v Speaker 1>over the past ten years. These assets are now catching

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<v Speaker 1>up given the geopolitical climate and a lot of central

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<v Speaker 1>banks have been buying gold. But the same thing with

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<v Speaker 1>the history of gold and bitcoin. If you'll line their charts,

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<v Speaker 1>you see that when gold calms down, then bitcoin runs

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<v Speaker 1>and vice versa. So this is another factor that is

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<v Speaker 1>on our side here that we do have to be

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<v Speaker 1>patient to let these things play out. Okay, folks, we

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<v Speaker 1>got some very big news coming out of Morgan Stanley,

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<v Speaker 1>so they added a new role to push into crypto,

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<v Speaker 1>appointing Amy Oldenberg as head of Digital Asset Strategy. So

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<v Speaker 1>Morgan Stanley has misstated he was a bit late to

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<v Speaker 1>the game with crypto, but better late than never, and

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<v Speaker 1>we saw Morgan Stanley capitulate than Vanguard as well. So

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<v Speaker 1>all these firms now have to have a crypto and

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<v Speaker 1>tokenization stable coin strategy. It is inevitable they have to

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<v Speaker 1>get on board because this is the future. All assets

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<v Speaker 1>are going to be tokenized on the blockchain, trading twenty

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<v Speaker 1>four to seven in Global Markets and Wall Street. All

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<v Speaker 1>these firms are gonna have to get on board or

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<v Speaker 1>they will lose market share. So it is incumbent upon

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<v Speaker 1>all these firms to get on board. And you know

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<v Speaker 1>Blackrock they were the ones that kicked it off. But

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<v Speaker 1>you know you're going to see all of these firms

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<v Speaker 1>and many others start to hire people, build their digital

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<v Speaker 1>asset teams and much more. I'm going to try to

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<v Speaker 1>get Amy on the podcast. I have been in contact

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<v Speaker 1>with her even before this news. And there's a bunch

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<v Speaker 1>of job listings on LinkedIn. If you go look it up,

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<v Speaker 1>you'll see the roles are opening up here, and not

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<v Speaker 1>just from Morgan Stanley, but also Blackrock. They are looking

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<v Speaker 1>for a v slash Director of Digital Assets, Product Strategies,

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<v Speaker 1>Managing Director Digital Assets, and much more. Again, all this

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<v Speaker 1>data is on LinkedIn, so clearly these firms are all

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<v Speaker 1>in on crypto and I hope you recognize what's happening.

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<v Speaker 1>I hope you see the forest for the trees where

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<v Speaker 1>despite these short term volatility items, things are moving in

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<v Speaker 1>the right direction. Adoption is going to continue to increase.

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<v Speaker 1>The value of these blockchains will increase and so will

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<v Speaker 1>their native tokens. So patience is the key here and

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<v Speaker 1>make sure you got the macro view now, folks. This

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<v Speaker 1>episode is brought to you by Treasure, which makes beautiful

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<v Speaker 1>hardware wallets that make it easy for you to self

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<v Speaker 1>custody or assets. I'm a big believer in self custody.

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<v Speaker 1>I have been for years. Many of you know. I

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<v Speaker 1>custody majority of my crypto assets on hardware wallets and

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<v Speaker 1>it helps me to sleep at night. I control the

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<v Speaker 1>private keys and much more. Well. Treasure they were the

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<v Speaker 1>pioneer of hardware wallets. They started this in twenty thirteen.

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<v Speaker 1>They created the seed phrase setup, so they started it

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<v Speaker 1>all folks, and then other competitors came along and Treasure

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<v Speaker 1>they have great wallets that use top of the line security.

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<v Speaker 1>Their most recent device, the Treasure is Safe seven, which

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<v Speaker 1>I'm a user of, uses the most up to date

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<v Speaker 1>sophisticated security chips. The device is also Quantum ready and

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<v Speaker 1>their devices are open source. That's how much they trust

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<v Speaker 1>the code. They also support all the major crypto assets,

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<v Speaker 1>so Bitcoin, Ethereum, Salona, XRP, dose Coin, Cardano, and much more.

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<v Speaker 1>You go down the list, it's all supported, even new

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<v Speaker 1>tokens like black Rocks Biddle, and they have a great

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<v Speaker 1>software suite that helps you to manage all this where

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<v Speaker 1>also have a hand holding service, so if you buy

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<v Speaker 1>the wallet and you want to talk to a treasure rep,

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<v Speaker 1>you can do that and don't worry, they don't ask

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<v Speaker 1>you for your private keys. So it's a great wallet.

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<v Speaker 1>I can vouch for it. I use it, and they

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<v Speaker 1>are on the cutting edge of security and building incredible devices.

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<v Speaker 1>Like I said, I'm a user. The Treasure Save seven

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<v Speaker 1>is a beautiful device, easy to use, large screen, fits

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<v Speaker 1>comfortably in your hand. And if you use my code

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<v Speaker 1>folks thinking crypto all one word, thinking crypto, you can

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<v Speaker 1>get five percent off. So check them out. The link

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<v Speaker 1>would be in the description now, folks, Today was a

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<v Speaker 1>big launch for Tether. They have officially launched us at

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<v Speaker 1>the federally regulated dollar back stable coin made in America.

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<v Speaker 1>They said, so we knew this was coming, and today's

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<v Speaker 1>launch day, of course, so really really great. We know Tether,

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<v Speaker 1>I mean, they they are a powerhouse, king of the

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<v Speaker 1>hill when it comes to stable coins. They've been at

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<v Speaker 1>this since the beginning. They were the ones who started

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<v Speaker 1>it right, and they've grown their business to an incredible level.

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<v Speaker 1>And they built a specific stable coin us AT which

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<v Speaker 1>is compatible with the Genius Act, and while they still

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<v Speaker 1>have us D T which operates in different parts of

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<v Speaker 1>the world. So this is big. I think they're gonna

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<v Speaker 1>get lots of adoption. They have the partnerships and much more.

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<v Speaker 1>And of course you all know Tether's working with Cancer Frigeril,

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<v Speaker 1>which is Howard Lutnix firm. He's now the Commerce Secretary.

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<v Speaker 1>I believe it is of the United States working under

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<v Speaker 1>the Trump administration. So they've got their foot in the

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<v Speaker 1>door for Wall Street. They're gonna get a lot of adoptions.

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<v Speaker 1>So keep an eye on these guys. Tell the they've

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<v Speaker 1>got the resources, they know what to do here. So

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<v Speaker 1>it's great though. You know, there's lots of options here

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<v Speaker 1>in the United States where people with us AT, USDC

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<v Speaker 1>paypals p Y, USD, ripples are l USD and much more.

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<v Speaker 1>So this is really really great. Now look at this.

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<v Speaker 1>Ripple is launching a Treasury and it's powered by g Treasury,

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<v Speaker 1>and Reese Merik of Ripple highlights that it has a

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<v Speaker 1>unified visibility across traditional cash and digital assets twenty four

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<v Speaker 1>to seven, yield optimization, putting every dollar to work, instant

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<v Speaker 1>cross border settlements, reducing FX costs, eliminate pre funding requirements

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<v Speaker 1>and unlocked trapped working capital. Future ready infrastructure for chokenized

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<v Speaker 1>assets and programmable payments. So he says here, the future

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<v Speaker 1>of Treasury has no friction or boundaries hashtag, XRP, hash

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<v Speaker 1>tags or LUSD. So Ripple continues to innovate and build

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<v Speaker 1>out incredible products. Yesterday we talked about their new partnership

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<v Speaker 1>with some Saudi banks and all the great work they're

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<v Speaker 1>doing across the globe. Okay, So, the states across the

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<v Speaker 1>US continue to push crypto bills forward. We're seeing a

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<v Speaker 1>lot of news, you know lately. Yesterday we talked about

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<v Speaker 1>Rhode Island. We hear Arizona's crypto bills move forward. SB

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<v Speaker 1>ten forty two, allowing the state funds to invest up

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<v Speaker 1>to ten percent in virtual currencies like bitcoin, and SB

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<v Speaker 1>ten forty three, which lets state agencies accept crypto payments,

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<v Speaker 1>both pass the Senate Finance Committee. Next stop, Senate Rules Committee.

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<v Speaker 1>So things are progressing. And here's another example. South Dakota

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<v Speaker 1>lawmaker takes another run at bitcoin Reserve Bill. So game

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<v Speaker 1>theory playing out here among these different states. So Representative

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<v Speaker 1>Logan Manhardt introduced the Bitcoin Reserve Bill HB eleven fifty

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<v Speaker 1>five on Tuesday in South Dakota's legislature. The legislation had

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<v Speaker 1>only my interchanges from a bill the lawmaker sponsored in

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<v Speaker 1>twenty twenty five by amending the state's code to allow

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<v Speaker 1>the State Investment Council to invest up to ten percent

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<v Speaker 1>of public funds and bitcoin. He tweeted out strong money,

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<v Speaker 1>strong state on x announcing the bill. So again, see

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<v Speaker 1>what's happening here, guys. It's not only happening on the

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<v Speaker 1>federal level, you know, those talks are happening with Patrick,

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<v Speaker 1>with David Sachs and others, but on the state level.

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<v Speaker 1>So this is very bullish, and you know, as always,

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<v Speaker 1>it starts a bitcoin. Once they get that up and running,

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<v Speaker 1>you know they're going to add all coins over time.

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<v Speaker 1>All right, Moving ahead, Nomora back Laser Digital seeks US

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<v Speaker 1>bank charter amid crypto banking push. Seems like everyone wants

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<v Speaker 1>to become a bank now right. A lot of crypto

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<v Speaker 1>companies want these trust charters. So it's pretty incredible these

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<v Speaker 1>crypto native firms are becoming banks, and banks are adopting

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<v Speaker 1>crypto assets and blockchain and tokenizing and much more so.

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<v Speaker 1>I think over time you're going to see a convergence

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<v Speaker 1>where where it's not going to be the crypto market

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<v Speaker 1>in the trat file market. I think it's all going

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<v Speaker 1>to be just one market. And look, we're faraway from that,

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<v Speaker 1>but I think that's the end goal. So Laser Digital,

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<v Speaker 1>a fully serviced digital asset company backed by Japanese financial

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<v Speaker 1>group Nomora, has reportedly filed for a US bank trust charter,

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<v Speaker 1>signaling that crypto focused companies are seeking deeper integration into

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<v Speaker 1>the US financial system amid a more permissive regulatory environment.

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<v Speaker 1>Citing sources familiar with the matter, the Financial Times reported

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<v Speaker 1>Tuesday that Laser Digital had submitted its application to the

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<v Speaker 1>Office of the Control of the Currency also known as

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<v Speaker 1>the OCC. The charter would allow the company to operate

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<v Speaker 1>at the federal level without applying for state by state

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<v Speaker 1>custody licenses. The race is on, folks, So this is

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<v Speaker 1>one of the reasons on bullish. You're just seeing incredible adoption, building,

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<v Speaker 1>filing for licenses, expansion, mergers and acquisitions, and huge investments.

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<v Speaker 1>Everyone is heading in the same direction here even trad

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<v Speaker 1>five Okay, Mesh joins crypto Unicorn ranks with seventy five

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<v Speaker 1>million dollars Dragonfly led Series C. I remember interviewing I

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<v Speaker 1>believe it was the CEO Mesh a couple of years ago,

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<v Speaker 1>and they're doing some great stuff with stable coins and crypto,

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<v Speaker 1>and they're getting more capital. So clearly these funds are

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<v Speaker 1>investing in these companies because they believe in the future

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<v Speaker 1>of crypto and blockchain. So Mesh, a San Francisco based

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<v Speaker 1>crypto payments infrastructure company, raised seventy five million dollars in

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<v Speaker 1>the Series C funding round led by Dragonfly Capital, bringing

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<v Speaker 1>its total funding to more than two hundred million dollars

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<v Speaker 1>and valuing the company at one billion dollars. The round

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<v Speaker 1>included participation from Paradigm Modern Ventures, SBI Investment, Coinbase Ventures,

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<v Speaker 1>and Liberty City Ventures. According to an announcement on Tuesday,

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<v Speaker 1>Mesh said a portion of the raised funds was settled

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<v Speaker 1>using stable coins rather than traditional banking rails. That's pretty cool.

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<v Speaker 1>Mesh will use the funds to expand its crypt payments

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<v Speaker 1>network across regions including Latin America, Asia, and Europe, and

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<v Speaker 1>to support product development Okay, we got some huge chain

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<v Speaker 1>link news, so we made. That is the word we

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<v Speaker 1>and made together. We made taps chain link for Korean

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<v Speaker 1>wand stable coin infrastructure. Guys, many of you know I'm

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<v Speaker 1>bullish on link. I have it in my portfolio. Chain

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<v Speaker 1>Link is allowing many blockchains to connect. It is used

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<v Speaker 1>by crypto native firms, It's used by blockchain projects, it's

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<v Speaker 1>used by tradfi. So this is a project I'm absolutely

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<v Speaker 1>bullish on. Let me give it to details. Blockchain company

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<v Speaker 1>we Made added chain link LAPSE to its global alliance

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<v Speaker 1>for KRW stable coins, expanding the consortium's data and oracle

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<v Speaker 1>infrastructure as it builds compliance focused rails for WANDPEG stable coins.

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<v Speaker 1>On Tuesday, we Made announced that chain Link will provide

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<v Speaker 1>technical support for data integrity, infrastructure standards, and tokenized asset

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<v Speaker 1>use cases. We Made said chain Link's role will also

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<v Speaker 1>focus on supporting standardization and enabling alliance members to leverage

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<v Speaker 1>Oracle services. The addition follows earlier partnerships with blockchain analytics

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<v Speaker 1>from chain analysis security auditors Certich and remittance providers sent B,

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<v Speaker 1>which collectively form the GAS initiative. So great to see

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<v Speaker 1>across the globe these different blockchains are being used by

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<v Speaker 1>different countries and jurisdictions and just the infrastructure being set

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<v Speaker 1>up here guys, and you know every country will have

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<v Speaker 1>their own stable coin or CBDC. So this is the

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<v Speaker 1>token economy we're headed to. Right, everything powered by blockchains.

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<v Speaker 1>I'll say it for the millionth time. The end goal

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<v Speaker 1>is the future government's economies and markets all running on

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<v Speaker 1>blockchain rails. Final news item here Bitwise Asset Management to

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<v Speaker 1>launch on chain vaults via Morpho. So Bitwise is a

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<v Speaker 1>great firm, guys. I've had Matt Hogan of Bitwise on

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<v Speaker 1>a podcast many times, probably twenty times over the years.

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<v Speaker 1>They've been ahead of the curve, you know, building a

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<v Speaker 1>lot of cool crypto products and much more, and certainly

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<v Speaker 1>a leader in the space, and they continue to innovate.

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<v Speaker 1>So digital asset management firm bitwise has teamed that would

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<v Speaker 1>decentralized finance lending protocol Morpho to launch non custodial on

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<v Speaker 1>chain vaults aimed at generating yield. The move was announced

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<v Speaker 1>on x on Monday, with Bitwise noting that its first

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<v Speaker 1>vault will target an annual percentage yield of six percent

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<v Speaker 1>by investing in over collateralized lending pools. Here's a quote.

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<v Speaker 1>Finance is moving on chain vaults are a key part

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<v Speaker 1>of that, offering investors a transparent way to earn yield

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<v Speaker 1>on their assets. Bitwise and now I had interviewed the

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<v Speaker 1>founder of Morpho I think it was last year actually,

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<v Speaker 1>and they're doing some great things. They're working with coinbase,

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<v Speaker 1>and they're a legit firm. So I'm going to check

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<v Speaker 1>this out once it goes live, and I'll let you

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<v Speaker 1>guys know if it's something I'm going to use. But

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<v Speaker 1>you know, you always want to wait for things to launch,

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<v Speaker 1>make sure they get all the kings and the bugs out,

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<v Speaker 1>and then test it out and see for work. So

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<v Speaker 1>I will definitely let you know. And it says here

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<v Speaker 1>they're targeting a six percent annual percentage yield over collateralized

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<v Speaker 1>lending pools. So the good thing is we have trusted

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<v Speaker 1>institutions like bit wise and Morpho participating. So this is

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<v Speaker 1>not any fly by night project or company that just

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<v Speaker 1>popped up yesterday or last month. These companies have been

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<v Speaker 1>around for a long time, lots of visibility, great teams,

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<v Speaker 1>and much more. So again, I'll let you guys know

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<v Speaker 1>if this is something I will be participating in. Folks,

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

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

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<v Speaker 1>and please support the podcast by subscribing to my free

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<v Speaker 1>email newsletter. It is one hundred percent free on substack.

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<v Speaker 1>I'll be putting out a write up later this week.

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<v Speaker 1>Also check out my book on Amazon. It's available in

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<v Speaker 1>paperback and digital. And be sure to sign up for

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<v Speaker 1>my course, which is a comprehensive course that teaches you

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<v Speaker 1>everything you need to know about crypto. So if some

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<v Speaker 1>of these things confuse you, guys, check out the course.

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<v Speaker 1>It's one time fee, you get lifetime access go at

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<v Speaker 1>your own pace. You could view the curriculum on the homepage,

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<v Speaker 1>so go to Mycrypto course dot com. Folks, thank you

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<v Speaker 1>so much for tuning in. I appreciate you all, and

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