Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast through home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please let that subscribe button as
Speaker 1: well as the thumbs up button and leave a common below, folks.
Speaker 1: I wanted to make this update to talk about the
Speaker 1: price of bitcoin and of course some of the major
Speaker 1: news takeaways from today. But a lot of people are
Speaker 1: concerned about the price because bitcoin is pulling back right now,
Speaker 1: It's sitting at one hundred and three thousand, four hundred
Speaker 1: and eighty four dollars. You look at the daily chart,
Speaker 1: there's some red candles on the way down. But this
Speaker 1: does not come to a surprise to us who have
Speaker 1: been following the charts closely, and that is the daily
Speaker 1: RSI was in the overboughd zone, as I've been saying
Speaker 1: for a while, and it's going to take time for
Speaker 1: that to cool down. And I don't know if it
Speaker 1: has to go to the over soul zone. It may
Speaker 1: not have to. It could bounce somewhere in between and
Speaker 1: continue to run up. But the important thing for you
Speaker 1: to understand from the macro is that we're still in
Speaker 1: a bullmarket. There has been no invalidation of the bullmarket
Speaker 1: because certain support levels and trend lines, and certain unchained
Speaker 1: metrics and much more have not invalidated the bull market.
Speaker 1: So that's a good sign, and will continue to monitor
Speaker 1: those metrics closely. But Bitcoin, nothing to be concerned about here.
Speaker 1: This is normal. It's par for the course. Bitcoin hitting
Speaker 1: resistance at its new all time high of one hundred
Speaker 1: and twelve thousand dollars. So let's see where this pullback
Speaker 1: takes us. It could chop sideways a bit then start
Speaker 1: running again. I think that this is going to be
Speaker 1: something short lived. I don't think it's anything major, kind
Speaker 1: of what we saw in January with the tariff uncertainty.
Speaker 1: Even though there is teriff uncertainty continuing, the market is
Speaker 1: starting to price that in and it's not as much
Speaker 1: fear as there was with the initial shock of those
Speaker 1: global tariffs. So that's a good sign. On the weekly chart,
Speaker 1: same thing looks bullish. Nothing bears here. The weekly RSI
Speaker 1: cooling down as well, so all par for the course.
Speaker 1: And when we look at the metrics like the tether dominance,
Speaker 1: and we saw that breaking down and a lot of
Speaker 1: liquidity was coming into the market. It's starting to spike
Speaker 1: up again. But we got to let this play out
Speaker 1: because this seems like a down trend. But on the
Speaker 1: way down, you don't go in a straight line. There
Speaker 1: are peaks and valleys, right. So just like we've seen
Speaker 1: the tether dominance break down before, and this essentially indicates
Speaker 1: the liquidity that's coming into the market. So obviously, with
Speaker 1: the market going down, the tether dominance is going to
Speaker 1: rise and vice versa. You know, when the tether dominance
Speaker 1: is dropping, then the market riffs, so it's all cyclical.
Speaker 1: And then you look at the bitcoin dominance, you're seeing
Speaker 1: bitcoin dominance on the rise again. It was in a
Speaker 1: major free fall. So this shows still in the ball.
Speaker 1: Market's still more room to run here. Bitcoin still has
Speaker 1: to steal the show somewhat, you know, sucking the liquidity
Speaker 1: from the all coins. But eventually it will hit a
Speaker 1: overbod zone, become overheated, rotational liquidity will take place, eth Xrpiecelana,
Speaker 1: and all the all coins start moving again. But it's
Speaker 1: the patience game that's the hard part for many of you.
Speaker 1: And it's only until I learned the markets and what's
Speaker 1: happening that I was able to navigate that and control
Speaker 1: my emotions, and the emotional patience game is the hardest part.
Speaker 1: So just understand we're still on track. Nothing invalidated here,
Speaker 1: just we got to be patient. And this is how
Speaker 1: the market plays out. We don't control it. The DXY,
Speaker 1: the dollar currency and next continues to show weakness. Another
Speaker 1: factor as to we are still in a bull market.
Speaker 1: It's still a move towards risk on as the dollar
Speaker 1: keeps moving downwards. Now, on chain data shows that bitcoin
Speaker 1: whales with wallets of ten or more bitcoin, they continue
Speaker 1: to accumulate, and if we zoom in here we see
Speaker 1: there's a spike, so they're buying the dips here. This
Speaker 1: is the on chain data we've been using and it's
Speaker 1: been very revealing because they started taking profits with the
Speaker 1: big cue after four rally and then even more so
Speaker 1: with the tariff uncertainty crash, if you want to call
Speaker 1: it that, and then they started accumulating. So the whales,
Speaker 1: the guys who may pretty much move the markets, are
Speaker 1: playing this very smartly because retail is frustrated, retailers getting tired,
Speaker 1: retail is scared. They continue to buy rins and repeat here,
Speaker 1: and global liquidity continues to rise, so that is a
Speaker 1: very good sign. And bitcoin lags global liquidity by about
Speaker 1: twelve weeks or so, so everything will catch up eventually.
Speaker 1: Just the patient's game is so important. So I'm not
Speaker 1: concerned because the data not my feelings are emotions, not
Speaker 1: how I feel today, not what the price makes me,
Speaker 1: how the price makes me feel, But the data is
Speaker 1: telling me bull market, just be patient. Things will move
Speaker 1: in the right direction eventually. Now with the tariff uncertainty,
Speaker 1: I know one of the things we were talking about
Speaker 1: before the tariff situation happened was that the typical seasonality
Speaker 1: would play out, sell and May go away. So essentially
Speaker 1: late May into June markets start to cool down, people
Speaker 1: take profits, and then it's the summer boring zone. However,
Speaker 1: because of the terror of uncertainty, kind of pushing the
Speaker 1: timeline back, we could see June and July be explosive.
Speaker 1: Now that's not a guarantee, and other analysts are calling
Speaker 1: for that as well. Even a bitcoin said sell in May,
Speaker 1: cry in June, fomo in July. So you know, the
Speaker 1: timeline has been shifted here, and I hope you guys
Speaker 1: understand it's not a guarantee of certainty. But we're just
Speaker 1: looking at seasonal patterns, what's happening in global liquidity and
Speaker 1: all these things and how they may affect the stock
Speaker 1: market and crypto. So things are still on track. Just
Speaker 1: it is what it is. Every cycle throws a monkey
Speaker 1: wrench in the system and we just got to roll
Speaker 1: with it. So that's where it stands with bitcoin, and
Speaker 1: of course we use bitcoin as the measuring stick. All
Speaker 1: coins will eventually catch up. So even if you're not
Speaker 1: holding bitcoin and you're just holding XRP R salanor e theorem,
Speaker 1: you gotta wait for Bitcoin to do its thing. That's
Speaker 1: how it works. I don't make the rules. You've got
Speaker 1: to accept the facts and reality of the situation. Now,
Speaker 1: speaking of bitcoin, Trump Media has two point three billion
Speaker 1: dollars in bitcoin buying power after closing capital arrays. So
Speaker 1: we've been talking about this over the past week. First
Speaker 1: the Financial Times revealed that Trump Media was working on this.
Speaker 1: Then we get confirmation and they have officially closed their
Speaker 1: fundraising and they're gonna buy bitcoin. So let me give
Speaker 1: you some details. Trump Media closed two point four to
Speaker 1: four billion dollars capital arrays, with funds planned to be
Speaker 1: used to create a bitcoin treasury. The company sold one
Speaker 1: point four to four billion dollars in common stock and
Speaker 1: one billion dollars in convertible notes to some fifty institutional investors.
Speaker 1: The move aims to make the company one of the
Speaker 1: largest publicly traded US holders of bitcoin. Now, folks, you
Speaker 1: may not like Trump, or you may love Trump, that
Speaker 1: is besides the point. Donald Trump is in the business
Speaker 1: of making money, right, and I'm not a fan of
Speaker 1: his meanpoin. But the other stuff that he's doing, watch
Speaker 1: it closely. Read between the lines. Why the hell would
Speaker 1: Trump be doing this? You think he believes the bull
Speaker 1: market's over. You think he's sitting around crying like retail.
Speaker 1: Oh man, this bullmarket sucks blah blah blah. The price
Speaker 1: pull back again. Right, No, clearly they're making these investments
Speaker 1: because they see higher prices on the horizon, folks, So
Speaker 1: please understand what's happening here. Read between the lines. Trump
Speaker 1: would not be doing this if the bull market was over.
Speaker 1: So this is very bullish news in my opinion. Once again,
Speaker 1: regardless if you love or hate Trump, that's that's not
Speaker 1: the point. The point is watch what they do, not
Speaker 1: what they say. So incredible stuff here. Now, look at
Speaker 1: this James Saifer to Bloomberg said that rex Shares has
Speaker 1: just filed an effective perspectus for Solona and e theorems,
Speaker 1: taking ETFs to list here in the US. He says,
Speaker 1: don't know launch date, but could be within the next
Speaker 1: few weeks. There are forty account of funds with a
Speaker 1: unique structure and do not go through the nineteen bdsh
Speaker 1: war process. Now, yesterday the SEC gave guidance some proof
Speaker 1: of steak, So so I hope you see the direction
Speaker 1: we're heading in here. And as I've been saying, when
Speaker 1: you add staking to those existing etheremytfs, watch the inflow
Speaker 1: of spike because the yield will be there, folks. That's
Speaker 1: going to be a game changer for Etherorem and that's
Speaker 1: a huge advantage that Etherorem has. Now. I don't know
Speaker 1: if it's going to surpass Bitcoin, I don't think so,
Speaker 1: but its numbers are going to arise. I absolutely believe
Speaker 1: that because the yield is a massive incentive to tradify
Speaker 1: and institutional investors and much more so. Really great stuff here.
Speaker 1: Eric Galchunis, who's the boss of James Seyferd at Bloomberg said,
Speaker 1: first ever steak Ether and Solona ETFs could be launching
Speaker 1: soon rex filing went effective, meaning launched likely in the
Speaker 1: near term. Would also be first ever spot Salana two
Speaker 1: only fat exist currently. This is the benefit of using
Speaker 1: forty ACT or Act forty ACT. It's a faster track
Speaker 1: to market, but more work slash boxes to check versus
Speaker 1: the thirty three Act. Interesting, so they kind of use
Speaker 1: the fast track here. So let's see how it plays out.
Speaker 1: This could be something that Ripple and and other all
Speaker 1: coin etf issuers may want to use to get their
Speaker 1: BODYTF live. We shall see, but right now the staking
Speaker 1: component will be huge and it looks like Solana is
Speaker 1: going to have it, so Solana should see a lot
Speaker 1: of inflows as well. Folks. Quick word from our sponsor
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Speaker 1: Digital Euro not Micah key to managing crypto risk. Bank
Speaker 1: of Italy Chief. He's saying, not the regulations that were
Speaker 1: put out, but the digital Euro. The digital Euro, of course,
Speaker 1: is kind of like a pseudo CBDC. And this is
Speaker 1: why I've been saying, watch the digital dollar that's issued
Speaker 1: by the major banks. We heard the news recently. JP Morgan,
Speaker 1: Bank of America, Wells Fargo and some others want to
Speaker 1: create a centralized stable coin that looks and smells like
Speaker 1: a CBDC. So he's saying that's the way to manage
Speaker 1: crypto risk. Yeah, he's really framing a narrative here for
Speaker 1: that pseudo CBDC. They're going to call it a stable coin.
Speaker 1: But Mica is the market structure regulations essentially that the
Speaker 1: US is, you know, trying to get its own version
Speaker 1: in place, but MICA is needed for these businesses to operate,
Speaker 1: so you know they're going to do a lot of
Speaker 1: stuff with these digital currencies, right, the fiat currency on
Speaker 1: the blockchain. So interesting statement. So MICAH has had a
Speaker 1: limited impact on the adoption of compliance stable coins in Europe,
Speaker 1: strengthening the need for a digital Euro. Bank of Italy
Speaker 1: Governor Fabio Panetta said, sounds like a central bank narrative there,
Speaker 1: pretty clearly right. We need to make sure we use
Speaker 1: the digital euro to keep crypto in check. Yeah, whatever,
Speaker 1: you don't need to do that, but you know, central
Speaker 1: bankers don't want to lose power, so they're going to
Speaker 1: frame it that way. Look at this zen Finance rise
Speaker 1: Ves launch tokenized stocks platform in Africa. Wow. The platform
Speaker 1: now allows investors in Africa to access global real estate
Speaker 1: and stock markets through tokenized fractional shares using stable coins. Folks.
Speaker 1: I know I always say this, but I'm trying to
Speaker 1: hammer home the point that you see to macro, what
Speaker 1: the hell have I been telling you? Guys? Would have
Speaker 1: passed three to four years right, this is the direction
Speaker 1: the puck is heading in. They're going to put real estate, stocks,
Speaker 1: everything on the blockchain, and you're going to have truly
Speaker 1: global markets. Twenty four to seven trading, fractionalization, secondary and
Speaker 1: tertiary markets will be created off of these things. Twenty
Speaker 1: four to seven, three hundred and sixty five day trading,
Speaker 1: no more opening and closing bell. How many times have
Speaker 1: I told you, look at what's happening, and I've often
Speaker 1: given the scenario of that people in Africa or India
Speaker 1: or whatever. You can access the New York Stock Exchange,
Speaker 1: but when you put the stocks on the blockchain, everybody
Speaker 1: can access it and they just need a smartphone with
Speaker 1: internet connection. And many folks in different countries in Africa
Speaker 1: have smartphones. They don't have computers and laptops. I'm not
Speaker 1: saying all, but majority of people have smartphones. The seated
Speaker 1: direction things are headed in. And it's amazing to watch
Speaker 1: this play out. It's so fascinating, and this is why
Speaker 1: we're here taking our bests so that we can make
Speaker 1: money off of this. It's inevitable, there's no stopping this
Speaker 1: is this is the direction we're heading in. And speaking
Speaker 1: of tokenization, here is a article from a backed CEO,
Speaker 1: so that's the name of the company backed. Tokenized equities
Speaker 1: will be bigger than stable coins. So they're saying, hey,
Speaker 1: look your stable coins. That's fine and dandy, but tokenized
Speaker 1: equities and assets are going to be bigger. And I
Speaker 1: believe that because the equities markets are so large, talking
Speaker 1: stocks and much more. Right, and then when you throw
Speaker 1: a real estate and all that in that, of course
Speaker 1: it's going to be bigger. Because tokenizing the Fiat currency
Speaker 1: system or markets in itself, the effects markets, is not
Speaker 1: bigger than the equities market. I hope I'm right on that.
Speaker 1: I'll hope to double check my numbers. But when you
Speaker 1: think about all the equities and companies and all these
Speaker 1: things that are out there, I think this is spot on.
Speaker 1: So interesting statement here, and speaking of tokenization, we've been
Speaker 1: hearing Robin Hood is going to be doing a lot
Speaker 1: with tokenization. And shout out to user Justice who sent
Speaker 1: me this email with Robin Hood having a what looks
Speaker 1: to be some sort of event, I believe it's going
Speaker 1: to be virtual, they said. Tune into our keynote on
Speaker 1: June thirtieth at eleven am as we unveil the future
Speaker 1: of crypto, and it says Robinhoods presents to catch a token.
Speaker 1: So the biggest players on Wall Street and in finance
Speaker 1: are tokenizing, launching ETF products and different financial products. And
Speaker 1: if you caught my interview with Sid Powell of Maple today,
Speaker 1: we talked about Cantor Fitzgerald, the Wall Street giant, launching
Speaker 1: a two billion dollar bitcoin lending program. Guys, it's incredible
Speaker 1: what's happening. City Banks says stable coins boost treasury build demand,
Speaker 1: reflect dollar dominant. Stable coins boost treasury build demand, reflect
Speaker 1: dollar dominance. So as stable coin usage grows, so does
Speaker 1: the demand for short term US treasuries. So this is
Speaker 1: the narrative that's been going around. Well, I would say
Speaker 1: it's a true narrative. It's not something just out there
Speaker 1: like Fugezi or whatever. Right, and Senator Haggerty, as I
Speaker 1: shared with you guys about a week ago, you know,
Speaker 1: he cited City Bank saying that by twenty thirty, the
Speaker 1: largest US treasury holders will be stable coin issues. Right now,
Speaker 1: it's other countries that buy the US debt and that
Speaker 1: helps to prop up the system, right, the debt based system,
Speaker 1: and the US dollar is the world reserve currency, so
Speaker 1: part of Trump's tariff situation. I think that it's more
Speaker 1: of a smoke screen for renegotiating certain types of trade
Speaker 1: deals and deals that were made for countries who were
Speaker 1: buying our debt. But we don't need them to buy
Speaker 1: the debt anymore. We got to revisit the those terms, right,
Speaker 1: those partnerships. I think that's part of a big part
Speaker 1: of what's happening here. A big paradigm shift, and it
Speaker 1: feels almost like a Breton Woods moment, similar to what
Speaker 1: happened after World War Two with the US dollar and gold.
Speaker 1: So big change happening here, folks, and the technologies here,
Speaker 1: and then I hope you recognize the different levels this
Speaker 1: is impacting the world on the government level, the private sector,
Speaker 1: our money, the way we will access investments and do deals, contracts,
Speaker 1: all these things will be on the blockchain, folks. So
Speaker 1: really incredible stuff here. Now. Final news item, Veteran capital
Speaker 1: in crypto is shaping South Korea's elections. Presidential hopefuls in
Speaker 1: South Korea are turning to crypto to win younger voters,
Speaker 1: with older generations now joining in the conversation as I
Speaker 1: was saying, paradigm shift, all aspects of society and being
Speaker 1: impacted here. And we've talked a lot on this podcast
Speaker 1: about the future will be more digital, it's not going
Speaker 1: to be less digit and the younger generation will lean
Speaker 1: more towards digital assets. That's the world they're very familiar with.
Speaker 1: They're already doing it via gaming and much more buying
Speaker 1: things in games, and it's digital. It's not tangible. You
Speaker 1: can't hold it, you can't eat it, can't drink it,
Speaker 1: but it's an asset you can hold. So crypto will
Speaker 1: be a natural integration into that. And I think people
Speaker 1: who are running for election now realize, yeah, we should
Speaker 1: probably embrace crypto as much as possible to win over
Speaker 1: these younger voters. So, folks, you see the direction or
Speaker 1: headed in. It's very bullish mass adoption globally, and that
Speaker 1: will result in higher prices. But you got to be patient.
Speaker 1: This isn't going to the casino and playing the slot machine.
Speaker 1: This isn't playing the lottery. You got to put some
Speaker 1: work in, you got to educate yourself, you got to
Speaker 1: take the bets, and you got to be patient. And
Speaker 1: if you're struggling with patients, I highly recommend reading some
Speaker 1: books on Warren Buffett watches things he said about investing.
Speaker 1: There's some great principles that has helped me. And Warren
Speaker 1: played the long game, and that I mean clearly played
Speaker 1: out well for him. Well, you know, was everything he
Speaker 1: held or did correct and was it a winner? Of
Speaker 1: course not, but he had more winners than losers. So
Speaker 1: you want to adopt the mindset to understand market cycles
Speaker 1: and have the macro view and control your emotions and
Speaker 1: have that patience. Guys. All right, folks, that's the news.
Speaker 1: Let me know what you think. Leave your thoughts and
Speaker 1: comments below hit the thumbs up button. Folks. A great
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Speaker 1: a description. Check out my book on Amazon. It's available
Speaker 1: in paperback in digital, and check out my new course
Speaker 1: at Mycrypto course dot com. This is a comprehensive course
Speaker 1: that teaches you every aspect of crypto folks. Thank you
Speaker 1: so much for watching and listening. I appreciate you all
Speaker 1: and I'll talk to you all later.