WEBVTT 1 00:00:04.919 --> 00:00:08.080 Hey, folks, welcome into the Thinking Crypto podcast, your home 2 00:00:08.160 --> 00:00:11.880 for cryptocurrency news and interviews. I'm your host, Tony Edward. 3 00:00:12.080 --> 00:00:14.720 On your way in, Please hit that subscribe button as 4 00:00:14.720 --> 00:00:16.760 well as the thumbs up button and leave a comment. 5 00:00:16.760 --> 00:00:19.440 Blow If you're listening on a podcast platform such as 6 00:00:19.440 --> 00:00:23.280 Spotify or Apple, please leave a five star rating and review. Folks, 7 00:00:23.359 --> 00:00:25.480 let's start by taking a look at bitcoin, because right 8 00:00:25.480 --> 00:00:28.280 now it is over one hundred and six thousand dollars. 9 00:00:28.559 --> 00:00:31.960 We're continuing to see the reversal here that we started 10 00:00:31.960 --> 00:00:35.200 seeing since yesterday, and as I've been saying, there could 11 00:00:35.240 --> 00:00:38.079 be the possibility of bitcoin going back down to test 12 00:00:38.119 --> 00:00:42.280 some lows or this is indeed the breakout to new highs. Now, 13 00:00:42.280 --> 00:00:44.159 it's not gonna be a straight lineup. You're gonna have 14 00:00:44.240 --> 00:00:48.439 a pump of mini pullback, consolidation, bill support levels, then 15 00:00:48.479 --> 00:00:50.799 the next pump. We've seen this time and time again. 16 00:00:50.840 --> 00:00:53.200 We're gonna stare step our way out of this hole 17 00:00:53.600 --> 00:00:56.280 unless there is another retest of the low. So just 18 00:00:56.359 --> 00:00:59.679 be mentally prepared that if you see bitcoin rollover in 19 00:00:59.719 --> 00:01:03.960 the week that Okay, Tony told me, this is business 20 00:01:03.960 --> 00:01:07.239 as usual. There's nothing unusual here. But my hope is 21 00:01:07.280 --> 00:01:09.920 fingers crossed. This is the move to get out of 22 00:01:09.920 --> 00:01:12.959 this and we are headed to new highs. And of course, 23 00:01:13.000 --> 00:01:15.640 when bitcoin breaks the all time high it's set of 24 00:01:15.680 --> 00:01:17.840 one hundred and twelve thousand dollars about a month ago, 25 00:01:18.120 --> 00:01:21.040 it will enter into price discovery. And we are seeing 26 00:01:21.120 --> 00:01:25.439 that bitcoin dominance continues to rise. So everything that we 27 00:01:25.480 --> 00:01:28.359 need for validation of this bull market and that we 28 00:01:28.439 --> 00:01:31.519 are still in a bull market is aligning perfectly here right, 29 00:01:31.560 --> 00:01:33.959 The stars are aligning for us, so this is still 30 00:01:34.079 --> 00:01:37.840 very good. And of course the macro signal, one of 31 00:01:37.840 --> 00:01:40.319 the macro signals we've been using is global liquidity, and 32 00:01:40.359 --> 00:01:42.599 we see that has been on the rise and bitcoin 33 00:01:42.640 --> 00:01:46.159 and risk assets have been following that. So it's looking good. 34 00:01:46.239 --> 00:01:48.200 And if you look at the weekly chart for bitcoin 35 00:01:48.280 --> 00:01:51.079 to higher timeframe, we got a huge green candle forming here. 36 00:01:51.439 --> 00:01:53.719 So patience is the key. We got to let this 37 00:01:53.840 --> 00:01:56.359 play out. It has to validate itself, right, That's what 38 00:01:56.359 --> 00:01:59.480 I'm saying. Just be prepared mentally prepared for a possible 39 00:01:59.519 --> 00:02:03.280 retest if not. We keep going up, and this takes 40 00:02:03.359 --> 00:02:05.760 us to the next high, which could be between one 41 00:02:05.840 --> 00:02:08.319 hundred and twenty tow one hundred and thirty k possibly higher, 42 00:02:08.680 --> 00:02:12.000 and we see the all coins go bananas. They're gonna 43 00:02:12.000 --> 00:02:15.520 follow Bitcoin because the liquidity enters Bitcoin. Then there's a 44 00:02:15.599 --> 00:02:18.840 rotation of liquidity to the all coins eat XRP, Salona 45 00:02:18.840 --> 00:02:22.120 and much more. And with this move from Bitcoin, we're 46 00:02:22.120 --> 00:02:26.560 starting to see Etheroreum, XRP, Solana. They are already starting 47 00:02:26.560 --> 00:02:30.159 to pick up steam here. So again, patience is the key, 48 00:02:30.520 --> 00:02:32.680 that's the big part, because this has to play out, 49 00:02:32.800 --> 00:02:34.599 and of course it's going to be volatile, so you know, 50 00:02:34.599 --> 00:02:37.439 you got to expect the volatility. And the other signals 51 00:02:37.439 --> 00:02:39.400 that we're seeing that's very good is the S and 52 00:02:39.439 --> 00:02:43.400 P five hundred also approaching its old all time high 53 00:02:43.439 --> 00:02:47.800 the Nasdaq as well. These are all great signals, folks. 54 00:02:48.240 --> 00:02:52.479 So as we've been watching closely for a months upon months. 55 00:02:52.479 --> 00:02:55.319 I've been putting it in my newsletter. Here you go, right, 56 00:02:55.400 --> 00:02:58.080 and remember all the people screaming bear market, bear market 57 00:02:58.199 --> 00:03:01.319 right with the tariff, and I was like, wait, no, invalidation, 58 00:03:02.159 --> 00:03:04.159 but we do need to see the recovery. And look 59 00:03:04.199 --> 00:03:08.840 at that perfect V shape recovery V for victory, right, 60 00:03:09.199 --> 00:03:11.599 bears are crying right now. There was a lot of 61 00:03:11.639 --> 00:03:14.120 clowns trying to troll me in the common section saying 62 00:03:14.360 --> 00:03:16.719 it's not a bullmarker, it's over the bear market. And 63 00:03:16.759 --> 00:03:18.599 I know some of them are bears who are shorting, 64 00:03:18.800 --> 00:03:21.039 but there are some idiots who are just going by 65 00:03:21.039 --> 00:03:23.719 emotions and not using data, which is what I've been 66 00:03:23.719 --> 00:03:27.599 sharing with you guys, multiple data points, the charts, the macro, 67 00:03:27.759 --> 00:03:30.199 on chain data and much more so. Things are looking 68 00:03:30.240 --> 00:03:33.639 really good here, folks. And look, if this move is 69 00:03:33.840 --> 00:03:37.400 indeed the move to new highs, the next few weeks 70 00:03:37.400 --> 00:03:41.360 could be really exciting the start of the bull run, 71 00:03:41.639 --> 00:03:45.400 and just be prepared. And I'm looking to certainly take 72 00:03:45.479 --> 00:03:48.759 profits as we head to either a local top in 73 00:03:48.840 --> 00:03:51.599 this run or to the blow off top that I'm 74 00:03:51.599 --> 00:03:54.639 not sure about yet. But nevertheless, I got my price 75 00:03:54.719 --> 00:03:57.879 points i'm taking profits at and I'm sticking to that plan. 76 00:03:58.199 --> 00:04:02.599 I'm not selling everything. We'll see which signals flash, you know, 77 00:04:02.680 --> 00:04:06.280 as this move happens, and if it's going to continue 78 00:04:06.319 --> 00:04:08.680 the I won't cash out everything. I'll lease some for 79 00:04:08.759 --> 00:04:11.800 the final phase. But if is, if this is the 80 00:04:11.840 --> 00:04:15.120 final move and the signals are there, I'm exiting everything, 81 00:04:15.159 --> 00:04:17.360 and of course i'll share that with you guys, I'll 82 00:04:17.399 --> 00:04:21.040 be doing live streams, newsletter obviously the daily podcast, so 83 00:04:21.160 --> 00:04:25.319 make sure you're subscribed with the notification bell enabled. Now, folks, 84 00:04:25.399 --> 00:04:29.240 yesterday I told you all about Anthony Pompeliano raising one 85 00:04:29.399 --> 00:04:33.279 billion dollars to buy bitcoin through a new company that 86 00:04:33.360 --> 00:04:37.120 he's forming with a spac called pro Cap. Well, apparently 87 00:04:37.279 --> 00:04:41.120 they've already started buying the bitcoin, so he tweeted out 88 00:04:41.160 --> 00:04:44.680 today we have purchased three thousand, seven hundred and twenty 89 00:04:44.720 --> 00:04:48.439 four bitcoin. This purchase happened within one day after announcing 90 00:04:48.480 --> 00:04:51.680 a one billion dollar merger and over seven hundred and 91 00:04:51.680 --> 00:04:55.360 fifty million dollars in fundraise. The average price was one 92 00:04:55.439 --> 00:04:58.160 hundred and three thousand, seven hundred and eighty five dollars 93 00:04:58.199 --> 00:05:00.920 per bitcoin. He says, we believe bitcoin is the new 94 00:05:00.959 --> 00:05:03.519 hurdle rate. If you can't beat it, you have to 95 00:05:03.560 --> 00:05:07.120 buy it. So Anthony pumping out is no idiot, he's 96 00:05:07.120 --> 00:05:09.439 no dummy. I met the guy. He's nice, a nice guy, 97 00:05:09.480 --> 00:05:13.439 and he's smart. And if he's buying bitcoin at this price, 98 00:05:13.519 --> 00:05:15.800 do you think we're in a bear market that he's 99 00:05:15.879 --> 00:05:19.879 expecting this to roll over? Of course not. They're anticipating 100 00:05:19.959 --> 00:05:22.680 higher prices and they use the volatility to do the 101 00:05:22.759 --> 00:05:25.920 arbitrage with the stock price and much more so. As 102 00:05:25.920 --> 00:05:27.839 you can see, this is a signal right here. And 103 00:05:27.879 --> 00:05:30.240 you got Sailor and other people who are doing this 104 00:05:30.360 --> 00:05:33.279 not only would Bitcoin, but eat Salona and XRP. So 105 00:05:33.360 --> 00:05:36.399 this is really big from a POMP and I should 106 00:05:36.439 --> 00:05:39.680 be interviewing Pomp sometime this summer to talk about all this, 107 00:05:39.800 --> 00:05:43.639 So stay tuned for that one. Folks, look at this 108 00:05:43.720 --> 00:05:46.399 bullish news. I'm gonna play the clip for you, but feedscher. 109 00:05:46.519 --> 00:05:49.680 Jerome Powell testify today at one of his statements was 110 00:05:49.879 --> 00:05:53.519 banks are free to conduct crypto activities. Let me play 111 00:05:53.560 --> 00:05:54.480 the clip for you. 112 00:05:54.560 --> 00:05:57.319 Banks get to decide who their customers are. That's not 113 00:05:57.399 --> 00:06:01.879 our decision. And so banks are free to provide banking 114 00:06:01.959 --> 00:06:06.160 services to cry the crypto industry, to crypto companies, and 115 00:06:06.199 --> 00:06:09.680 bank banks are also free to conduct crypto activities as 116 00:06:09.720 --> 00:06:11.319 long as they do so in a way that is 117 00:06:11.720 --> 00:06:13.199 protective of safety and soundness. 118 00:06:13.879 --> 00:06:16.480 So there you have it, folks, straight from the horse's mouth, 119 00:06:16.680 --> 00:06:19.800 bullish news. The Chair of the Federal Reserve telling you 120 00:06:20.040 --> 00:06:23.680 that banks can participate in crypto activities and also provide 121 00:06:23.720 --> 00:06:27.879 banking to crypto companies in the industry. The roadblocks and 122 00:06:27.959 --> 00:06:32.439 hurdles are being cleared away, folks. We are ready to 123 00:06:32.519 --> 00:06:35.120 take off in this final phase of the bull market. 124 00:06:35.199 --> 00:06:37.240 And I'm not talking about you know, we sometimes when 125 00:06:37.279 --> 00:06:39.600 I say final phase or fifth way, people get triggered, Oh, 126 00:06:39.639 --> 00:06:42.120 what it's going to happen tomorrow or by next month. No, 127 00:06:42.240 --> 00:06:45.680 I'm talking about like the macro fifth wave, which means 128 00:06:45.720 --> 00:06:49.120 it's going to play out this year. So this this 129 00:06:49.199 --> 00:06:51.639 is so bullish, I mean, what else do you need 130 00:06:51.639 --> 00:06:53.839 to hear, folks. You know, we've been covering the news 131 00:06:53.879 --> 00:06:57.480 of the occ to FDIC and many others loosening up 132 00:06:58.079 --> 00:07:01.480 restrictions that were set by Elizabeth Warren, Gary Ginster and 133 00:07:01.519 --> 00:07:05.519 her cronies when Biden was in office. And now, like 134 00:07:05.560 --> 00:07:08.160 I said, the runways being cleared for the takeoff. And 135 00:07:08.800 --> 00:07:12.040 as we get crypto legislation, watch the banks jump all in. 136 00:07:12.240 --> 00:07:14.360 We've heard lots of rumors right of what they're trying 137 00:07:14.399 --> 00:07:17.720 to do with launching stable coins and much more. We 138 00:07:17.839 --> 00:07:22.040 got ETPs, we've got tokenization, folks. Mass adoption is going 139 00:07:22.079 --> 00:07:24.120 to increase at a rapid pace once we have the 140 00:07:24.199 --> 00:07:27.839 legislation in place. And I think everybody sees what's around 141 00:07:27.839 --> 00:07:30.000 the corner because of what Congress is working on, and 142 00:07:30.040 --> 00:07:34.399 they're gearing up so very bullish. Here's another example of 143 00:07:34.519 --> 00:07:38.560 the government turning really bullish. Right. So Bill Poulty, who 144 00:07:38.879 --> 00:07:41.360 some of you may recognize, but now he's the director 145 00:07:41.399 --> 00:07:45.959 of the Federal Housing Finance Agency, he tweeted out that 146 00:07:46.040 --> 00:07:49.199 we will study the usage of cryptocurrency holdings as it 147 00:07:49.279 --> 00:07:55.959 relates to qualifying for mortgages. Oh my gosh, if you 148 00:07:56.000 --> 00:07:58.360 are now bullish, I don't know what you're looking at. 149 00:07:58.439 --> 00:08:01.639 I don't know what you're paying attention. But we still 150 00:08:01.680 --> 00:08:04.480 got ways to go. We're still relatively early compared to 151 00:08:04.519 --> 00:08:08.560 other asset classes. The on and off ramps, the infrastructure legislation, 152 00:08:08.639 --> 00:08:11.839 all these things are starting to come to fruition, and folks, 153 00:08:11.879 --> 00:08:14.519 it's going to lead to more adoption and higher prices. 154 00:08:14.759 --> 00:08:16.480 You have to make sure you're looking at this market 155 00:08:16.480 --> 00:08:20.160 from a macro perspective because the volatility on the one minute, 156 00:08:20.199 --> 00:08:23.839 four hour daily will drive you nuts. You can't sit 157 00:08:23.879 --> 00:08:25.600 there and look at it right. And that's why I 158 00:08:25.639 --> 00:08:28.240 don't try to trade, I don't use leverage. I just 159 00:08:28.279 --> 00:08:31.240 simply buy the blood industry, buy the dips and hold 160 00:08:31.600 --> 00:08:34.440 and then sell the four agreed blow off top to 161 00:08:34.559 --> 00:08:38.720 make as much profits as possible. So it's incredible what 162 00:08:38.919 --> 00:08:41.399 is playing out here. And I think the writing's on 163 00:08:41.480 --> 00:08:44.200 the wall here of how blockchain and crypto is going 164 00:08:44.240 --> 00:08:46.799 to be integrated into the government and the economy and 165 00:08:46.879 --> 00:08:49.960 the markets. Like I've been saying NonStop, all these things 166 00:08:50.000 --> 00:08:52.840 will be running on blockchain rails. That's where we're headed 167 00:08:52.879 --> 00:08:56.519 to now, Folks. Speaking of mortgages in real estate, here's 168 00:08:56.559 --> 00:08:59.399 a quick word from our sponsor, Propy. Propty is leading 169 00:08:59.440 --> 00:09:02.320 the charge with putting real estate on chain, Folks. On 170 00:09:02.519 --> 00:09:06.320 Propy's platform, you can buy and sell real estate with crypto. 171 00:09:06.759 --> 00:09:11.200 This platform is powered by blockchain Propy. They have tokenized deeds, 172 00:09:11.240 --> 00:09:15.000 they've created NFTs for properties, and much more. They are 173 00:09:15.080 --> 00:09:18.519 a licensed Web three pioneer. They've been operating since twenty seventeen. 174 00:09:18.879 --> 00:09:22.759 They have facilitated over four billion dollars in transactions. They 175 00:09:22.879 --> 00:09:26.360 use coinbase for the crypto escro with the buying and selling. Folks. 176 00:09:26.759 --> 00:09:30.080 I invested in the property token back in twenty eighteen, 177 00:09:30.320 --> 00:09:33.080 and when I discovered that, I'm like, wait a minute, 178 00:09:33.679 --> 00:09:36.080 I see where blockchain is headed. And I see, they 179 00:09:36.120 --> 00:09:38.600 are the only company that's leading the charge here for 180 00:09:38.720 --> 00:09:41.240 the real estate acid class, which is the largest acid 181 00:09:41.279 --> 00:09:45.320 class in the world. And we know real estate's going 182 00:09:45.360 --> 00:09:47.480 to be tokenized. We know that blockchain is going to 183 00:09:47.519 --> 00:09:50.320 be used to improve the buying and selling process, and 184 00:09:50.440 --> 00:09:54.039 much more so, Propy is leading to charge there. They 185 00:09:54.120 --> 00:09:57.799 have partnered with many of their associations, real estate associations 186 00:09:57.799 --> 00:10:01.399 across the United States. And once again, I'm bullish. I'm 187 00:10:01.440 --> 00:10:05.000 a tokenholder, have been for a long time, and the 188 00:10:05.080 --> 00:10:07.000 property token has been getting a lot of list ins 189 00:10:07.080 --> 00:10:10.600 on major exchanges this year, So guys check them out. 190 00:10:10.679 --> 00:10:13.039 The link will be in the description. They're a great company, 191 00:10:13.679 --> 00:10:17.720 all right. Moving ahead, chain Link MasterCard partner to allow 192 00:10:17.879 --> 00:10:22.679 three billion cardholders to buy crypto. We got banks, stock exchanges, 193 00:10:22.759 --> 00:10:26.440 payment companies, credit card companies, the biggest institutions in the 194 00:10:26.480 --> 00:10:30.120 world participating in crypto. This is incredible. So chain Link, 195 00:10:30.159 --> 00:10:33.279 a company that provides a decentralized oracle network, has partnered 196 00:10:33.320 --> 00:10:36.879 with payments provider MasterCard to allow the credit card companies 197 00:10:37.039 --> 00:10:41.120 three billion cardholders to buy crypto on chain. The integration 198 00:10:41.240 --> 00:10:44.840 could spur crypto adoption by providing a new avenue for 199 00:10:45.000 --> 00:10:48.919 people without Web three exposure to gain experience with digital assets. 200 00:10:49.159 --> 00:10:52.039 The integration is made possible with a series of partnerships 201 00:10:52.240 --> 00:10:57.200 with Web three entities, including Shift for Payments, Swapper Finance 202 00:10:57.519 --> 00:11:01.440 x swap, and zero hash, a crypto stable coins infrastructure 203 00:11:01.480 --> 00:11:04.480 company that will provide the on chain service and liquidity 204 00:11:04.639 --> 00:11:08.919 enabling customers to convert currency to crypto. Here's the quote. 205 00:11:09.600 --> 00:11:13.360 The current version of the application available at swapper Finance 206 00:11:13.519 --> 00:11:17.840 is non custodial and leverages account abstraction to provide users 207 00:11:17.879 --> 00:11:21.919 with simplicity and control. A chain Link Labs spokesperson toll 208 00:11:22.039 --> 00:11:25.240 Coin telegraph it was important that this solution was built 209 00:11:25.320 --> 00:11:28.679 for everyone, not just for crypto natives or enthusiasts. Major 210 00:11:28.720 --> 00:11:31.840 credit card companies are building on ramps onto crypto. These 211 00:11:31.879 --> 00:11:35.360 things are now being set up, so please please, I'm 212 00:11:35.399 --> 00:11:37.440 trying to make sure I'm getting through to you guys. 213 00:11:37.919 --> 00:11:40.320 I apologize if I'm repeating myself, but I want you 214 00:11:40.440 --> 00:11:43.600 to understand what's happening here from a macro perspective, and 215 00:11:43.720 --> 00:11:46.600 that you're not just focused on price. Price is important. 216 00:11:46.960 --> 00:11:49.960 I want my bags to pump too, but I realize 217 00:11:50.000 --> 00:11:52.600 that it will take a lot of the adoption the 218 00:11:52.679 --> 00:11:55.639 on ramps allow more capital to come in, more adoption, 219 00:11:55.799 --> 00:11:58.120 more usage of the blockchain networks, which will make them 220 00:11:58.200 --> 00:12:02.360 more valuable and their respective tokens more valuable. So it's 221 00:12:02.399 --> 00:12:05.399 incredible what's happening. I'm blown away by the news. And 222 00:12:05.519 --> 00:12:07.559 of course many of you know I'm bullish on Chainlink. 223 00:12:07.639 --> 00:12:10.399 I hold chain Link in my portfolio and I'm hoping 224 00:12:10.679 --> 00:12:13.639 for one hundred dollars plus chain Link this cycle. But 225 00:12:13.840 --> 00:12:15.159 you know, we'll have to wait and see how that 226 00:12:15.320 --> 00:12:18.559 plays out. But chain Link is doing a lot. A 227 00:12:18.639 --> 00:12:22.360 lot of other blockchains use chain Links, oracles and their 228 00:12:22.440 --> 00:12:25.360 different other services and products because they are able to 229 00:12:25.399 --> 00:12:28.240 create these amazing price feeds and much more. So be 230 00:12:28.320 --> 00:12:32.000 sure to check them out as well. Now, NYC mayor 231 00:12:32.200 --> 00:12:36.720 lays out crypto plans as city residents vote in democratic primer. Now, 232 00:12:36.759 --> 00:12:38.480 I know we're going to talk a bit about politics here, 233 00:12:38.600 --> 00:12:41.159 just triggers people. You have people who hate Democrats, you 234 00:12:41.200 --> 00:12:43.519 have people who love Democrats. But that's not the point here. 235 00:12:43.759 --> 00:12:46.080 The point I'm trying to hammer home here is that 236 00:12:46.840 --> 00:12:49.200 every domino is going to fall on the political side. 237 00:12:49.200 --> 00:12:51.200 They're all going to have to embrace crypto in one 238 00:12:51.279 --> 00:12:53.519 fashion or the other what we've seen over the past 239 00:12:53.600 --> 00:12:55.919 year is that Mayor Eric Adams, regardless of how you 240 00:12:55.919 --> 00:12:57.559 feel about the man, if you hate him or love him, 241 00:12:57.679 --> 00:13:00.679 he has been embracing crypto. He even some of his 242 00:13:00.799 --> 00:13:03.759 salary in bitcoins, So kudos to him for being out 243 00:13:03.840 --> 00:13:07.159 for thinking that way. But he spoke at the Permissionless 244 00:13:07.240 --> 00:13:11.600 conference in Brooklyn today and he said that under Cuomo's governorship, 245 00:13:11.679 --> 00:13:14.840 a New York State dismantled and destroyed the industry. Describing 246 00:13:14.879 --> 00:13:18.279 the former governor's actions is wrong and misguided on digital assets. 247 00:13:18.279 --> 00:13:22.000 So Cuomo was not an enthusiast about crypto. I'm sure 248 00:13:22.039 --> 00:13:26.120 he's going to change his policy. We're seeing everybody's capitulating 249 00:13:26.159 --> 00:13:29.759 at this point. But here's what he said. I think 250 00:13:29.879 --> 00:13:31.879 in the first one hundred and twenty days, the number 251 00:13:31.879 --> 00:13:34.000 of bills that went through the federal level to deal 252 00:13:34.360 --> 00:13:38.679 with this issue is extremely impressive. Likely referring to Congress 253 00:13:38.799 --> 00:13:42.720 moving forward on legislation to regulate payment, stable coins and 254 00:13:42.759 --> 00:13:46.159 crypto market structure, he said, and now you're seeing cities 255 00:13:46.200 --> 00:13:49.120 picking up and states picking up the same energy. So 256 00:13:49.159 --> 00:13:52.159 he's talking about states passing the bigcoin reserve, and much 257 00:13:52.279 --> 00:13:57.000 more so this this is incredible. Right. We're just seeing 258 00:13:57.360 --> 00:14:00.519 on the federal, the state, the city level, a lot 259 00:14:00.559 --> 00:14:03.720 of people are embracing cryptos, so very bullish. Once again, 260 00:14:04.279 --> 00:14:07.240 forget about the politics of it, the Democrat versus Republican 261 00:14:07.320 --> 00:14:09.320 or if you like Eric Adams or not. That's not 262 00:14:09.399 --> 00:14:11.799 the point, right, same thing I always talk about with Trump. 263 00:14:12.799 --> 00:14:14.960 If you want to talk politics, we can go into 264 00:14:14.960 --> 00:14:17.759 the details of politics. But when it comes to is 265 00:14:17.840 --> 00:14:20.480 crypto getting an adoption and who's embracing it, We're seeing 266 00:14:20.519 --> 00:14:24.799 more bipartisan support, both Democrats and Republicans. So you got 267 00:14:24.840 --> 00:14:27.120 to make sure you're looking at it from that perspective, 268 00:14:27.240 --> 00:14:30.840 from an adoption standpoint, and leave the politics to be politics. 269 00:14:31.039 --> 00:14:34.519 There's room for that, but that's a separate podcast, separate conversation, right, 270 00:14:34.799 --> 00:14:37.240 So I hope you understand what I'm saying now. Crypto 271 00:14:37.320 --> 00:14:40.240 is a global acid class and we're seeing everyone is 272 00:14:40.480 --> 00:14:44.240 putting in their regulations embracing this technology and much more. 273 00:14:44.679 --> 00:14:49.320 Japan proposes reclassifying crypto, paving the way for ETFs and 274 00:14:49.519 --> 00:14:53.519 lower taxes. I like lower taxes, so hopefully the United 275 00:14:53.559 --> 00:14:56.720 States can drop capital gains taxes for crypto. That would 276 00:14:56.720 --> 00:14:59.960 be amazing because I've said it many times. Capital gains 277 00:15:00.240 --> 00:15:03.480 taxes is highway robbery by the government. You take your 278 00:15:03.600 --> 00:15:07.120 already tax money, you invest it, you make a profit, 279 00:15:07.639 --> 00:15:09.840 a great return, then the government comes and takes a 280 00:15:09.919 --> 00:15:13.799 cut of it. So it's highway robbery. Man So, Japan's 281 00:15:13.919 --> 00:15:18.919 of Financial Services Agency proposing a sweeping reclassification of cryptocurrencies 282 00:15:18.960 --> 00:15:21.799 that will clear the path for the launch of crypto 283 00:15:22.000 --> 00:15:25.440 exchange traded funds and introduce a flat twenty percent tax 284 00:15:25.519 --> 00:15:29.440 on digital acid income. The proposal, introduced on Tuesdays, suggests 285 00:15:29.519 --> 00:15:33.639 recognizing crypto as financial products under the scope of the 286 00:15:33.799 --> 00:15:37.480 Financial Instruments and Exchange Act, the same regulatory framework that 287 00:15:37.600 --> 00:15:42.840 governs securities and traditional financial products. The proposed reclassification could 288 00:15:42.919 --> 00:15:47.519 also shift Japan's current progressive tax system, which taxes crypto 289 00:15:47.600 --> 00:15:51.799 gains at rates up to fifty five percent that's brutal 290 00:15:51.879 --> 00:15:56.200 man to a uniform twenty percent, mirroring the treatment of stocks. 291 00:15:56.240 --> 00:15:59.399 That would be great. The change could make crypto investing 292 00:15:59.519 --> 00:16:02.399 more tracks tip the both retail and institutional players. You 293 00:16:02.519 --> 00:16:07.120 don't say, but that fifty five percent is nasty, What 294 00:16:07.519 --> 00:16:10.840 a crazy tax rate. That was probably the early days 295 00:16:10.840 --> 00:16:13.240 when they were trying to slow this down. But now 296 00:16:13.320 --> 00:16:15.600 they're like, let's open it up. We're going to make 297 00:16:15.679 --> 00:16:18.879 sure that we're more friendlier to crypto in different ways. 298 00:16:19.000 --> 00:16:23.720 So pretty incredible stuff here. Now falcon X joins Crypto 299 00:16:23.840 --> 00:16:27.440 dot Com as partner for Link. If I'm saying netwright 300 00:16:27.759 --> 00:16:31.879 institutional settlement network, so let me give you to details here. 301 00:16:32.360 --> 00:16:35.960 Falcon X, a digital asset prime brokerage that says it 302 00:16:36.240 --> 00:16:40.320 has executed over one point five trillion dollars in trading volume, 303 00:16:40.559 --> 00:16:43.720 has joined Crypto dot Com, Galaxy, Winter Mute and others 304 00:16:43.960 --> 00:16:46.840 as a launch partner for Link, a platform that aims 305 00:16:46.879 --> 00:16:50.759 to be a settlement layer for digital asset and financial institutions. 306 00:16:51.159 --> 00:16:55.399 The launch of Link could underscore growing institutional interests in 307 00:16:55.519 --> 00:16:59.879 digital assets as regulatory clarity improves. Falcon X says it 308 00:17:00.200 --> 00:17:03.799 has access to over four hundred tokens will act as 309 00:17:03.879 --> 00:17:07.160 both a participant and liquidity provider on the Link network. 310 00:17:07.519 --> 00:17:11.799 Set Link CEO Gerald David so folks. Again, another example 311 00:17:11.880 --> 00:17:14.119 of the infrastructure the on an off ram is being 312 00:17:14.160 --> 00:17:16.759 built for more capital to come in. And you know 313 00:17:16.839 --> 00:17:19.640 there's already a lot of retail on in off ramps. 314 00:17:19.759 --> 00:17:22.839 They're building it for the institutions, the wealthy individuals, folks. 315 00:17:22.880 --> 00:17:25.079 So what do you think is going to happen is 316 00:17:25.440 --> 00:17:28.839 millions and billions come through from these institutions. What do 317 00:17:28.880 --> 00:17:30.759 you think is going to happen to the price? We're 318 00:17:30.839 --> 00:17:34.000 going to see an explosion in a price and things 319 00:17:34.039 --> 00:17:36.720 are going to go to higher valuations. But you got 320 00:17:36.839 --> 00:17:38.880 to be patient. You got to be patient. Right, some 321 00:17:38.960 --> 00:17:41.000 people are going to read this news. Why isn't it 322 00:17:41.119 --> 00:17:46.119 pumping right now? Come on right. If you don't understand that, 323 00:17:46.559 --> 00:17:48.559 then maybe this is not for you. Maybe you should 324 00:17:48.559 --> 00:17:50.559 go play the lottery and go to the casinos. You 325 00:17:50.640 --> 00:17:55.359 have that instant microwave result. I pull the lever, I 326 00:17:55.480 --> 00:17:57.839 hit a button, and I get my results. That's not 327 00:17:57.960 --> 00:18:00.759 what we're doing here. We're investing. We're looking at the 328 00:18:00.839 --> 00:18:03.160 long term. We're looking at the macro and we're going 329 00:18:03.240 --> 00:18:06.599 to get bigger returns and have better odds than playing 330 00:18:06.640 --> 00:18:09.960 the lottery and going to the casinos. So this is 331 00:18:10.200 --> 00:18:13.559 why we have to educate ourselves and keep paying attention 332 00:18:13.640 --> 00:18:17.599 to what's happening now. Final news item. Digital Asset raises 333 00:18:17.720 --> 00:18:20.640 one hundred and thirty five million dollars to scale Canton 334 00:18:20.759 --> 00:18:23.880 blockchain network. So the company name is Digital Asset. I 335 00:18:23.960 --> 00:18:27.400 know that's that's a unique name because it's name of 336 00:18:27.440 --> 00:18:30.000 an asset class or if you're speaking specifically about a 337 00:18:30.119 --> 00:18:35.000 digital asset token. Right. So Digital Asset raised one hundred 338 00:18:35.000 --> 00:18:38.839 and thirty five million dollars from Goldman Sachs, Citadel and 339 00:18:39.039 --> 00:18:42.400 others to scale this network and to drive tokenization of 340 00:18:42.480 --> 00:18:46.680 real world assets in finance. Look at the names Goldman, 341 00:18:46.799 --> 00:18:50.720 Sachs and Citadel. But to some people, this is a scam. 342 00:18:51.039 --> 00:18:55.359 This is all a ponzi, this is fake. Right. They've 343 00:18:55.400 --> 00:18:58.640 been reading headlines, They've been fooled. They have not educated themselves. 344 00:18:58.640 --> 00:19:02.359 They've listened to just Jamie Diamond and these people who 345 00:19:02.480 --> 00:19:04.799 spread fud versus saying, let me go sit down and 346 00:19:04.920 --> 00:19:08.480 read these white papers. Let me research and educate myself 347 00:19:08.519 --> 00:19:10.960 as to what's happening here. So let me give you 348 00:19:11.079 --> 00:19:14.079 some context before I go through the details, because I 349 00:19:14.200 --> 00:19:15.960 want to make sure you understand what the hell the 350 00:19:16.039 --> 00:19:21.039 Canton Network is and why these folks are investing in this. 351 00:19:21.759 --> 00:19:25.119 So Digital Asset and a group of firms including Microsoft, 352 00:19:25.240 --> 00:19:29.359 Goldman Sachs, and Deloitte announced the Canton Network in May 353 00:19:29.480 --> 00:19:33.079 twenty twenty three. In September twenty twenty four, Digital Asset 354 00:19:33.200 --> 00:19:37.119 and the Deposit Trust and Clearing Corporation the DTCC, who 355 00:19:37.200 --> 00:19:39.759 just met with the SEC to talk about tokenization, by 356 00:19:39.799 --> 00:19:43.759 the way, completed their US Treasury Collateral Network pilot project 357 00:19:43.839 --> 00:19:47.440 on the Canton network. In early twenty twenty four, Digital 358 00:19:47.519 --> 00:19:51.680 Asset completed another large pilot project with clearing and settlement 359 00:19:51.839 --> 00:19:56.680 service Euroclear, the World Goal Council and global law firm 360 00:19:56.759 --> 00:20:01.119 Clifford Chance. As part of this initiative, gold and bonds, eurobonds, 361 00:20:01.160 --> 00:20:04.480 and guilts were tokenized on the Canton network. So they're 362 00:20:04.559 --> 00:20:08.599 building their own blockchain here. Notice who's involved, some of 363 00:20:08.680 --> 00:20:13.119 the biggest names folks. This is incredible and I want 364 00:20:13.160 --> 00:20:14.720 you guys, if you don't know who these people are, 365 00:20:14.799 --> 00:20:17.359 go research it and you'll your mind will be blown. 366 00:20:17.759 --> 00:20:19.920 So let me bring you back now to what the 367 00:20:20.000 --> 00:20:24.160 hell is happening here as far as this institutional capital raise. 368 00:20:24.240 --> 00:20:26.680 So they raised one hundred and thirty five million dollars 369 00:20:27.160 --> 00:20:30.160 in a strategic round and you have tons of big 370 00:20:30.279 --> 00:20:34.119 names participating, and this funding is intended to accelerate the 371 00:20:34.200 --> 00:20:38.759 adoption of institutional and decentralized finance on its Canton network. 372 00:20:39.279 --> 00:20:42.519 The Canton network is a permissionless layer one blockchain that 373 00:20:42.680 --> 00:20:47.759 offers configurable privacy and institutional gray compliance. With this new 374 00:20:47.839 --> 00:20:53.440 capital digital asset hopes to expand the integrations of billions 375 00:20:53.759 --> 00:20:58.039 of real world assets into the network. Watch what they do, 376 00:20:58.680 --> 00:21:00.920 not what they say. Look what the hell is happening 377 00:21:00.960 --> 00:21:05.400 here and what they're building, folks. I'm not bullshitting when 378 00:21:05.480 --> 00:21:09.519 I tell you blockchain, the blockchain rails will power the governments, 379 00:21:09.640 --> 00:21:13.799 the finance, and the markets moving forward and it will 380 00:21:13.839 --> 00:21:16.720 all play out. If you got kids, you know, start 381 00:21:16.880 --> 00:21:19.759 educating them about blockchain and what's happening here in stable 382 00:21:19.799 --> 00:21:23.279 coins and even AI right because we are in the 383 00:21:23.359 --> 00:21:29.680 fourth Industrial Revolution with blockchain, crypto, AI, robotics, UH, space exploration, 384 00:21:30.319 --> 00:21:33.640 EVS and all these things. Folks. It's incredible what's happening. 385 00:21:33.680 --> 00:21:36.160 The world is going to change. And I have a kid, 386 00:21:36.319 --> 00:21:39.640 and i'm my daughter, and I'm thinking about how I'm 387 00:21:39.640 --> 00:21:42.759 going to help her to be educated about these things 388 00:21:42.839 --> 00:21:45.039 and to point her in the right direction. And when 389 00:21:45.119 --> 00:21:47.279 she becomes an adult and she's ready to get a job, 390 00:21:47.359 --> 00:21:49.160 what type of jobs are going to be, you know, 391 00:21:49.359 --> 00:21:52.400 in existence? So these are things I'm thinking about. And 392 00:21:52.480 --> 00:21:56.240 also trying to position some crypto assets. I've told you guys, 393 00:21:56.279 --> 00:21:58.359 there's some bitcoin I'm never selling. It's going to go 394 00:21:58.400 --> 00:22:01.160 to her and things like that. So I'm trying to 395 00:22:01.160 --> 00:22:04.160 think long term too, for my kid and some of you. 396 00:22:04.319 --> 00:22:06.119 I know you got kids and you got your family. 397 00:22:06.240 --> 00:22:09.200 So think about these things, right because you see where 398 00:22:09.240 --> 00:22:11.200 the puck is heading, so we want to skate to 399 00:22:11.240 --> 00:22:14.519 where the puck is heading. So incredible stuff here, folks. 400 00:22:15.119 --> 00:22:16.480 Let me know what you think. Leave your thoughts and 401 00:22:16.519 --> 00:22:19.319