WEBVTT

1
00:00:00.080 --> 00:00:04.120
<v Speaker 1>Bitcoin hits ninety seven thousand dollars. What is the next target?

2
00:00:04.160 --> 00:00:06.280
<v Speaker 1>I want to share that with you and what is

3
00:00:06.320 --> 00:00:09.519
<v Speaker 1>the local top target for Q two? As this will

4
00:00:09.560 --> 00:00:12.679
<v Speaker 1>help drive all coins into another bull rally and a

5
00:00:12.839 --> 00:00:16.920
<v Speaker 1>US Senator is ready to vote on the stable coin bill.

6
00:00:17.079 --> 00:00:20.359
<v Speaker 1>This is huge news and the SEC has dropped its

7
00:00:20.440 --> 00:00:25.079
<v Speaker 1>case against PayPal for its stable coin py USD. I'll

8
00:00:25.120 --> 00:00:32.600
<v Speaker 1>give you all the details. Let's get into it. Hey, everybody,

9
00:00:32.640 --> 00:00:36.079
<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

10
00:00:36.159 --> 00:00:39.280
<v Speaker 1>news and interviews. I'm your host, Tony Edward. On your

11
00:00:39.320 --> 00:00:41.719
<v Speaker 1>way in, Please sit that subscribe button as well as

12
00:00:41.719 --> 00:00:44.320
<v Speaker 1>the thumbs up button and leave a comment below. If

13
00:00:44.320 --> 00:00:47.359
<v Speaker 1>you're listening on a podcast platform such as Spotify or Apple,

14
00:00:47.600 --> 00:00:50.520
<v Speaker 1>please leave a five star rating and review. Folks, we

15
00:00:50.640 --> 00:00:52.960
<v Speaker 1>have to talk about the price of bitcoin because, as

16
00:00:52.960 --> 00:00:55.759
<v Speaker 1>you all know, bitcoin leads the market and the all

17
00:00:55.799 --> 00:00:58.960
<v Speaker 1>coins follow. And as we've been discussing over the past

18
00:00:59.079 --> 00:01:02.560
<v Speaker 1>month or so, Bitcoin has broken out from its bottom.

19
00:01:02.840 --> 00:01:05.400
<v Speaker 1>It has cleared the two hundred day moving average and

20
00:01:05.439 --> 00:01:09.280
<v Speaker 1>it's building support levels. It's looking very strong here. The

21
00:01:09.400 --> 00:01:12.840
<v Speaker 1>daily RSI still has some room to run. It is

22
00:01:12.879 --> 00:01:16.319
<v Speaker 1>approaching the over soul zone. So of course expect pullbacks.

23
00:01:16.599 --> 00:01:19.359
<v Speaker 1>As always, nothing goes up in a straight line. But

24
00:01:19.480 --> 00:01:23.519
<v Speaker 1>this looks very good and Bitcoin touch ninety seven thousand dollars.

25
00:01:23.640 --> 00:01:25.840
<v Speaker 1>At the time of recording, it is at ninety six,

26
00:01:26.359 --> 00:01:28.760
<v Speaker 1>nine hundred and six dollars. And when we look at

27
00:01:28.760 --> 00:01:32.000
<v Speaker 1>the weekly chart we get more bullish confirmation. So in

28
00:01:32.040 --> 00:01:34.400
<v Speaker 1>the weekly chart we see a breakout of the weekly

29
00:01:34.640 --> 00:01:37.840
<v Speaker 1>RSI and the mac D is about to flip bullish

30
00:01:38.040 --> 00:01:41.640
<v Speaker 1>where the bears have been losing momentum, the red candles

31
00:01:41.640 --> 00:01:44.359
<v Speaker 1>have been getting lighter and smaller, and what we see

32
00:01:44.359 --> 00:01:47.200
<v Speaker 1>in historically that then flips to green candles and you

33
00:01:47.239 --> 00:01:50.359
<v Speaker 1>see a very strong rally. So this setup is looking

34
00:01:50.439 --> 00:01:53.760
<v Speaker 1>really good. So what is our next target, because remember

35
00:01:53.760 --> 00:01:55.439
<v Speaker 1>we're not going to go up in a straight line.

36
00:01:55.480 --> 00:01:59.000
<v Speaker 1>There will be pullbacks, and different analysts are highlighting that

37
00:01:59.040 --> 00:02:02.120
<v Speaker 1>the next target is out one hundred and six thousand dollars.

38
00:02:02.239 --> 00:02:05.000
<v Speaker 1>So the first target was ninety six thousand dollars. We

39
00:02:05.079 --> 00:02:08.719
<v Speaker 1>clearly broke that. We touched ninety seven, so we're gonna

40
00:02:08.719 --> 00:02:11.800
<v Speaker 1>move up to one hundred and six thousand, and then

41
00:02:11.879 --> 00:02:14.960
<v Speaker 1>for a local top, which you know this big rally

42
00:02:15.000 --> 00:02:18.719
<v Speaker 1>that's gonna take place, I believe in this month into June.

43
00:02:19.360 --> 00:02:22.400
<v Speaker 1>That could take us to about one hundred and thirty thousand,

44
00:02:22.439 --> 00:02:24.479
<v Speaker 1>So maybe between one hundred and twenty five to one

45
00:02:24.560 --> 00:02:27.199
<v Speaker 1>hundred and thirty. Maybe it overshoots it a bit. We'll

46
00:02:27.240 --> 00:02:30.319
<v Speaker 1>have to wait and see. But we'll have to see

47
00:02:30.319 --> 00:02:33.280
<v Speaker 1>how the timeline plays out here because typically you see

48
00:02:33.479 --> 00:02:37.120
<v Speaker 1>selling may go away. That may not happen this time

49
00:02:37.159 --> 00:02:40.840
<v Speaker 1>around because we have this big, massive correction due to

50
00:02:40.879 --> 00:02:42.879
<v Speaker 1>the tariffs, a lot of fear in the markets, the

51
00:02:42.919 --> 00:02:47.080
<v Speaker 1>stock market, crypto, everything's sold off. So could we see

52
00:02:47.319 --> 00:02:50.439
<v Speaker 1>this timeline push forward a bit. It's possible, so just

53
00:02:50.560 --> 00:02:53.919
<v Speaker 1>be prepared for any scenario. Personally, I have my cash

54
00:02:53.919 --> 00:02:56.479
<v Speaker 1>out plan with my price target, So as soon as

55
00:02:56.479 --> 00:02:59.680
<v Speaker 1>bigcoin hits one hundred and twenty k, profit taking is

56
00:02:59.719 --> 00:03:02.919
<v Speaker 1>going to commends one hundred and thirty k again, profit

57
00:03:02.960 --> 00:03:05.280
<v Speaker 1>taking is gonna commence, and so on and so forth.

58
00:03:05.319 --> 00:03:07.319
<v Speaker 1>And I'm doing this for all coins. So as you

59
00:03:07.400 --> 00:03:10.520
<v Speaker 1>all know, as Bitcoin has its rally, the liquidity will

60
00:03:10.520 --> 00:03:13.400
<v Speaker 1>start flowing to eth XRP, Soalana, and they're gonna start

61
00:03:13.439 --> 00:03:16.680
<v Speaker 1>pumping again, just like we saw in Q four of

62
00:03:16.759 --> 00:03:19.360
<v Speaker 1>last year. Same thing's gonna happen. We have not seen

63
00:03:19.400 --> 00:03:21.840
<v Speaker 1>a deviation from this, even though people like to say,

64
00:03:21.840 --> 00:03:25.080
<v Speaker 1>oh this all coin data coin, No Bitcoin leads the market.

65
00:03:25.360 --> 00:03:28.080
<v Speaker 1>And this is not about feelings or emotions or bias.

66
00:03:28.319 --> 00:03:30.800
<v Speaker 1>It's about the data. What has it shown us, and

67
00:03:31.080 --> 00:03:34.000
<v Speaker 1>that is Bitcoin leads the market and the liquidity starts

68
00:03:34.039 --> 00:03:37.360
<v Speaker 1>to be rotated down to the all coins. So expect

69
00:03:37.719 --> 00:03:40.360
<v Speaker 1>that this month, going to June, we're gonna see some

70
00:03:40.759 --> 00:03:44.560
<v Speaker 1>very positive things. Now, is this guaranteed? Is this a certainty?

71
00:03:44.680 --> 00:03:46.680
<v Speaker 1>Of course not. No one has a crystal ball, But

72
00:03:46.759 --> 00:03:49.120
<v Speaker 1>based on what we're seeing on the charts, based on

73
00:03:49.159 --> 00:03:51.960
<v Speaker 1>the data, we are seeing a setup here for another

74
00:03:52.000 --> 00:03:54.800
<v Speaker 1>big rally. Could there be another black swan event that

75
00:03:54.879 --> 00:03:57.360
<v Speaker 1>stops all this, of course, but I think the higher

76
00:03:57.400 --> 00:04:00.599
<v Speaker 1>probability is that we see the bull rally because we

77
00:04:00.719 --> 00:04:03.360
<v Speaker 1>kind of had a pseudo black swan with the tariff news.

78
00:04:03.560 --> 00:04:06.919
<v Speaker 1>All markets corrected significantly. So I think that was your

79
00:04:06.960 --> 00:04:10.919
<v Speaker 1>significant correction here and that the market's now there's only

80
00:04:10.960 --> 00:04:12.960
<v Speaker 1>one direction for them to go, and that is up,

81
00:04:13.000 --> 00:04:15.800
<v Speaker 1>because they've bottomed out. And you see the stock market

82
00:04:15.879 --> 00:04:19.199
<v Speaker 1>is also moving up, and that's a very good sign.

83
00:04:19.279 --> 00:04:23.279
<v Speaker 1>So the S and P five hundred, the NASDAC, the

84
00:04:23.360 --> 00:04:27.279
<v Speaker 1>Dow Jones all seeing a recovery here. This is very

85
00:04:27.360 --> 00:04:31.000
<v Speaker 1>very good. So let's be patient and watch this play out. Now, folks,

86
00:04:31.000 --> 00:04:33.199
<v Speaker 1>we have some very big news coming out of this

87
00:04:33.360 --> 00:04:37.439
<v Speaker 1>Senate and that is the US Senate moves towards action

88
00:04:37.720 --> 00:04:41.160
<v Speaker 1>on stable coin bill. So many of you know Senator

89
00:04:41.240 --> 00:04:45.800
<v Speaker 1>Haggerty Bill Haggerty, he introduced the Genius Act in the Senate.

90
00:04:45.959 --> 00:04:48.240
<v Speaker 1>It's a version of what was introduced in the House,

91
00:04:48.279 --> 00:04:51.000
<v Speaker 1>which is the Stable Act. And of course both the

92
00:04:51.040 --> 00:04:53.480
<v Speaker 1>House and the Senate have to pass a version. The

93
00:04:53.480 --> 00:04:55.839
<v Speaker 1>Senate's version, of course, is what's going to make it

94
00:04:55.879 --> 00:04:59.800
<v Speaker 1>to the President for signatures. So this is a process

95
00:04:59.800 --> 00:05:02.600
<v Speaker 1>to but the ball is rolling here, guys. And if

96
00:05:02.639 --> 00:05:05.720
<v Speaker 1>you caught my interview with Congressman Tom Emmer this week,

97
00:05:06.079 --> 00:05:08.279
<v Speaker 1>he talked a bit about what's going to come up

98
00:05:08.360 --> 00:05:10.560
<v Speaker 1>next and much more. So let me give you the

99
00:05:10.639 --> 00:05:13.519
<v Speaker 1>details here, and who's the senator that is doing this.

100
00:05:13.800 --> 00:05:18.000
<v Speaker 1>So Senate Majority Leader John Toon, a South Dakota Republican,

101
00:05:18.079 --> 00:05:20.759
<v Speaker 1>started the ball rolling to fast track the guiding and

102
00:05:20.920 --> 00:05:24.920
<v Speaker 1>establishing national innovation for US stable coins. The Genius Act,

103
00:05:25.160 --> 00:05:28.399
<v Speaker 1>which is the Senate's version of two similar bills rolling

104
00:05:28.399 --> 00:05:31.800
<v Speaker 1>through both chambers of Congress. The House of Representatives is

105
00:05:31.879 --> 00:05:35.480
<v Speaker 1>expected to follow closely behind on its own voting tunes

106
00:05:35.600 --> 00:05:39.759
<v Speaker 1>moved to expedite the bill is meant to limit delays

107
00:05:39.920 --> 00:05:43.079
<v Speaker 1>and floor action in order to get it done more quickly.

108
00:05:43.639 --> 00:05:47.199
<v Speaker 1>It's so far unclear precisely when the Senate vote will happen,

109
00:05:47.480 --> 00:05:49.959
<v Speaker 1>but an earlier vote on the efforts in the Senate

110
00:05:50.000 --> 00:05:54.279
<v Speaker 1>Banking Committee had approved it with a wide bipartisan majority

111
00:05:54.319 --> 00:05:57.759
<v Speaker 1>of eighteen to six. The House Financial Services Committee also

112
00:05:57.839 --> 00:06:01.879
<v Speaker 1>advanced a similar bill in April. Here's a quote, I

113
00:06:02.000 --> 00:06:04.800
<v Speaker 1>look forward to passing the Genius Act in short order

114
00:06:04.879 --> 00:06:08.759
<v Speaker 1>to keep digital asset innovation in America, protect consumers, and

115
00:06:08.839 --> 00:06:11.519
<v Speaker 1>make sure foreign companies are playing by the same rules

116
00:06:11.519 --> 00:06:15.079
<v Speaker 1>that Senator Bill Haggerty, the Tennessee Republican who authored the bill,

117
00:06:15.360 --> 00:06:18.360
<v Speaker 1>in a statement. It's also backed by Senator Tim Scott,

118
00:06:18.439 --> 00:06:22.120
<v Speaker 1>the chairman of the Senate Banking Committee. So, folks, we

119
00:06:22.199 --> 00:06:25.680
<v Speaker 1>know President Trump gave the mandate that Congress needs to

120
00:06:25.680 --> 00:06:28.560
<v Speaker 1>get both the stable coin and Market Structure bill to

121
00:06:28.720 --> 00:06:31.319
<v Speaker 1>his desk before the August recess because he wants to

122
00:06:31.360 --> 00:06:34.240
<v Speaker 1>sign this. And we see the balls rolling here folks,

123
00:06:34.279 --> 00:06:36.000
<v Speaker 1>so Q we're in Q two, so they got to

124
00:06:36.040 --> 00:06:39.560
<v Speaker 1>get this going. They've got I think up until July

125
00:06:39.800 --> 00:06:42.639
<v Speaker 1>maybe to get this done. And I would think early

126
00:06:42.720 --> 00:06:45.040
<v Speaker 1>July because as we get into the summer things become

127
00:06:45.120 --> 00:06:48.839
<v Speaker 1>harder to get done. But this is very bullish. If

128
00:06:48.879 --> 00:06:52.480
<v Speaker 1>we get stable coin legislation passed, the stable coin market's

129
00:06:52.480 --> 00:06:54.399
<v Speaker 1>going to boom. I think we can hit a trillion

130
00:06:54.519 --> 00:06:57.360
<v Speaker 1>dollars by the end of this year, honestly, if they

131
00:06:57.439 --> 00:07:00.879
<v Speaker 1>get it passed soon enough. Because we saw different bank

132
00:07:00.959 --> 00:07:03.240
<v Speaker 1>CEOs like Bank of America CEOs that they are ready

133
00:07:03.240 --> 00:07:07.279
<v Speaker 1>to launch a stable coin once Congress plasses legislation, and

134
00:07:07.439 --> 00:07:09.959
<v Speaker 1>you can imagine the existing stable coin issues are going

135
00:07:10.000 --> 00:07:13.399
<v Speaker 1>to go ham. They're going to ramp up significantly because

136
00:07:13.439 --> 00:07:17.040
<v Speaker 1>everybody's in a competition now. But once the rules are clear,

137
00:07:17.240 --> 00:07:19.800
<v Speaker 1>they're going to be able to innovate without any type

138
00:07:19.839 --> 00:07:22.480
<v Speaker 1>of red tape and nonsense, you know, kind of what

139
00:07:22.519 --> 00:07:25.519
<v Speaker 1>we experience on the Gary Ginser and Elizabeth Warren over

140
00:07:25.560 --> 00:07:29.600
<v Speaker 1>the past four years. So this is huge, very very bullish.

141
00:07:29.639 --> 00:07:33.920
<v Speaker 1>And speaking of stable coins, the sec ditches paypalse PYUSD

142
00:07:34.160 --> 00:07:38.319
<v Speaker 1>probe removing key regulatory hurdle for its stable coin. Many

143
00:07:38.360 --> 00:07:41.240
<v Speaker 1>of you know PayPal, the payment giant. They launched their

144
00:07:41.279 --> 00:07:43.800
<v Speaker 1>own stable coin p yust. They issued it on the

145
00:07:43.839 --> 00:07:48.199
<v Speaker 1>Ethereum blockchain, and they've been trying to make inroads in

146
00:07:48.480 --> 00:07:52.319
<v Speaker 1>different industries with their stable coin. But of course under

147
00:07:52.360 --> 00:07:56.120
<v Speaker 1>Gary Ginster they were attacked in the sense that they

148
00:07:56.120 --> 00:07:59.839
<v Speaker 1>were getting investigated. But this is getting dropped, as with

149
00:08:00.120 --> 00:08:03.079
<v Speaker 1>other enforcement actions and lawsuits the SEC has been dropping,

150
00:08:03.560 --> 00:08:08.319
<v Speaker 1>so really really big stuff here. And PayPal obviously a

151
00:08:08.399 --> 00:08:10.879
<v Speaker 1>huge company, and just this week I reported to you

152
00:08:10.920 --> 00:08:14.519
<v Speaker 1>guys that their competitors, so to speak, like MasterCard and

153
00:08:14.600 --> 00:08:18.199
<v Speaker 1>Visa are also integrating stable coins and expanding as well.

154
00:08:18.279 --> 00:08:22.000
<v Speaker 1>So competition's heating up and this is really great. So

155
00:08:22.360 --> 00:08:25.560
<v Speaker 1>here's a quote. In November twenty twenty three, we received

156
00:08:25.600 --> 00:08:29.120
<v Speaker 1>a subpoena from the us SEC Division of Enforcement relating

157
00:08:29.399 --> 00:08:32.679
<v Speaker 1>to PayPal's US the stable coin. The subpoena requested the

158
00:08:32.679 --> 00:08:36.600
<v Speaker 1>production of documents. In February twenty twenty five, the SEC

159
00:08:36.639 --> 00:08:41.440
<v Speaker 1>communicated it was closing this inquiry without enforcement action. PayPal

160
00:08:41.480 --> 00:08:45.000
<v Speaker 1>disclosed this week in a filing. Great news here, and

161
00:08:45.039 --> 00:08:46.559
<v Speaker 1>you know the folks at PayPal are going to go

162
00:08:46.639 --> 00:08:50.799
<v Speaker 1>crazy and start innovating and expanding, and huge partnerships are

163
00:08:50.799 --> 00:08:52.919
<v Speaker 1>going to probably be coming down the line. We're going

164
00:08:52.960 --> 00:08:56.919
<v Speaker 1>to hear some big news. So just great news all around, folks.

165
00:08:57.000 --> 00:08:58.759
<v Speaker 1>I think this is all going to set us up

166
00:08:58.840 --> 00:09:01.200
<v Speaker 1>for to move to new full time highs this year

167
00:09:01.360 --> 00:09:04.159
<v Speaker 1>and a blow off top honestly, because the runway is

168
00:09:04.159 --> 00:09:07.399
<v Speaker 1>being clear for takeoff folks. Quick word from our sponsor,

169
00:09:07.399 --> 00:09:10.799
<v Speaker 1>and that is Treasure. Treasure makes beautiful hardware wallets that

170
00:09:11.000 --> 00:09:13.879
<v Speaker 1>make it easy for you to safely store your crypto.

171
00:09:14.080 --> 00:09:17.080
<v Speaker 1>I'm a user of Treasure. I have a Treasure five device.

172
00:09:17.600 --> 00:09:21.039
<v Speaker 1>And Treasure was the first to create hardware walllets. They've

173
00:09:21.080 --> 00:09:24.399
<v Speaker 1>been at this since twenty thirteen. They created the seed

174
00:09:24.440 --> 00:09:27.960
<v Speaker 1>phrase passwords setup, which many of us are familiar with,

175
00:09:28.080 --> 00:09:32.039
<v Speaker 1>and they support a variety of tokens, all your top tokens, Bitcoin, XRP,

176
00:09:32.200 --> 00:09:36.120
<v Speaker 1>e Theorem, Solana, and much more. They include even new

177
00:09:36.200 --> 00:09:39.559
<v Speaker 1>tokens that are issued by institutional investors such as Black Rocks,

178
00:09:39.559 --> 00:09:42.440
<v Speaker 1>Biddle Token. The list goes on and on, and they

179
00:09:42.480 --> 00:09:45.799
<v Speaker 1>have a great software program called Treasure Suite that helps

180
00:09:46.080 --> 00:09:49.000
<v Speaker 1>you to manage your tokens and much more. It's really

181
00:09:49.000 --> 00:09:51.480
<v Speaker 1>easy to use and they also have a great service

182
00:09:51.559 --> 00:09:54.039
<v Speaker 1>and onboarding service that you can purchase to help you

183
00:09:54.120 --> 00:09:57.960
<v Speaker 1>get on boarded as quick as possible. You talk to

184
00:09:58.000 --> 00:10:00.759
<v Speaker 1>a Treasure representative and they'll walk you through everything and

185
00:10:00.799 --> 00:10:03.600
<v Speaker 1>how to set it up and answer all your questions.

186
00:10:03.879 --> 00:10:07.799
<v Speaker 1>And Treasures hardware wallets are open source, and folks, you

187
00:10:07.840 --> 00:10:09.639
<v Speaker 1>can get a discount if you use my code. So

188
00:10:09.639 --> 00:10:12.120
<v Speaker 1>if you use Thinking Crypto All one word, you can

189
00:10:12.159 --> 00:10:15.279
<v Speaker 1>get five percent off if you're looking to buy a device.

190
00:10:15.600 --> 00:10:17.360
<v Speaker 1>So if you'd like to learn more about Treasure and

191
00:10:17.399 --> 00:10:20.840
<v Speaker 1>their great products, guys, check out the links in the description. Now, folks,

192
00:10:20.840 --> 00:10:23.080
<v Speaker 1>look at this news. This is really interesting and just

193
00:10:23.120 --> 00:10:27.159
<v Speaker 1>a sign of the times. US congressman pitches crypto ATMs

194
00:10:27.200 --> 00:10:32.440
<v Speaker 1>and federal government buildings. Texas Republican Lance Goodin suggested that

195
00:10:32.519 --> 00:10:36.600
<v Speaker 1>the agency that runs off of space that installing ATMs

196
00:10:36.639 --> 00:10:39.720
<v Speaker 1>will help align the government with Trump's crypto push. That

197
00:10:39.919 --> 00:10:43.080
<v Speaker 1>is a bit of optics here, you know, some grand standing,

198
00:10:43.159 --> 00:10:46.200
<v Speaker 1>so to speak, but it also just shows the environment

199
00:10:46.320 --> 00:10:48.840
<v Speaker 1>is so different from what it was under Biden. Right,

200
00:10:49.159 --> 00:10:52.200
<v Speaker 1>they were attacking crypto from every angle, and now the

201
00:10:52.279 --> 00:10:55.840
<v Speaker 1>government is embracing crypto and they're looking to build with

202
00:10:55.879 --> 00:10:59.360
<v Speaker 1>blockchain and much more. So, this is really really interesting.

203
00:11:00.039 --> 00:11:01.519
<v Speaker 1>Take it for what it is. I don't think this

204
00:11:01.559 --> 00:11:04.480
<v Speaker 1>will necessarily happen right to put something like this in

205
00:11:04.519 --> 00:11:08.039
<v Speaker 1>government buildings, But I think it's not so much the

206
00:11:08.240 --> 00:11:12.639
<v Speaker 1>idea as it is the sentiment and how that has changed. Now.

207
00:11:12.919 --> 00:11:17.120
<v Speaker 1>President Trump's were Liberty Financial. Their stable coin which they

208
00:11:17.200 --> 00:11:20.759
<v Speaker 1>issued called US the One, will be used to close

209
00:11:21.000 --> 00:11:24.919
<v Speaker 1>mgx's two billion dollar finance investment. This is according to

210
00:11:25.080 --> 00:11:28.399
<v Speaker 1>Eric Trump. So many of you know, I've been talking

211
00:11:28.399 --> 00:11:30.960
<v Speaker 1>a lot about Trump and crypto, and the only thing

212
00:11:31.000 --> 00:11:33.600
<v Speaker 1>I don't agree with is the meme coin. But you know,

213
00:11:33.679 --> 00:11:36.320
<v Speaker 1>his kids getting involved in building these businesses. I don't

214
00:11:36.320 --> 00:11:38.799
<v Speaker 1>have a problem with that. Honestly, they're free to do that.

215
00:11:39.039 --> 00:11:42.080
<v Speaker 1>So this is interesting that they're doing this. So US

216
00:11:42.159 --> 00:11:45.879
<v Speaker 1>the One will integrate with the tront ecosystem supported by

217
00:11:45.879 --> 00:11:49.600
<v Speaker 1>billionaire Justin Sun. We're Liberty Financial aims to make US

218
00:11:49.679 --> 00:11:53.000
<v Speaker 1>the One one of the most transparent and regulated stable

219
00:11:53.000 --> 00:11:56.960
<v Speaker 1>coins backed by short term treasury and cash equivalents. So

220
00:11:57.480 --> 00:12:00.559
<v Speaker 1>very very interesting move here, And if you're read between

221
00:12:00.559 --> 00:12:03.840
<v Speaker 1>the lines here, regardless of if you love or hate Trump,

222
00:12:03.879 --> 00:12:07.399
<v Speaker 1>because there's people on both sides right, I'm more neutral.

223
00:12:07.679 --> 00:12:11.559
<v Speaker 1>I don't worship any politicians or support politicians like that. Obviously,

224
00:12:11.600 --> 00:12:15.360
<v Speaker 1>I vote, obviously I care about certain issues and things

225
00:12:15.399 --> 00:12:18.360
<v Speaker 1>like that in politics. But if you just step back

226
00:12:18.399 --> 00:12:21.639
<v Speaker 1>and look at this from a neutral standpoint, Eric Trump

227
00:12:21.639 --> 00:12:23.840
<v Speaker 1>and the Trump family would not be investing in this

228
00:12:23.919 --> 00:12:26.120
<v Speaker 1>stuff or building with it if they didn't know what

229
00:12:26.240 --> 00:12:29.120
<v Speaker 1>was coming. I think they know. I think they see

230
00:12:29.200 --> 00:12:31.639
<v Speaker 1>and they're taking a bet because they realize this is

231
00:12:31.679 --> 00:12:35.480
<v Speaker 1>the future. So I hope you recognize this. Don't get

232
00:12:35.480 --> 00:12:38.360
<v Speaker 1>blinded by politics now, but just look at it on

233
00:12:38.399 --> 00:12:41.480
<v Speaker 1>its face as far as adoption, that these people are

234
00:12:41.519 --> 00:12:44.000
<v Speaker 1>taking the time to do this. They're not just supporting

235
00:12:44.039 --> 00:12:48.639
<v Speaker 1>it and helping to get the legislation through, they're building

236
00:12:48.879 --> 00:12:52.679
<v Speaker 1>with it. And that should tell you what's coming, right,

237
00:12:52.679 --> 00:12:54.879
<v Speaker 1>Because you know, Trump and his family are all about

238
00:12:54.879 --> 00:12:57.600
<v Speaker 1>making money, and I'm not saying anything wrong with that,

239
00:12:57.679 --> 00:13:03.080
<v Speaker 1>but clearly, clearly they see opportunity here. I hope you

240
00:13:03.120 --> 00:13:05.240
<v Speaker 1>do as well if you're still on the fence. Now,

241
00:13:05.279 --> 00:13:09.159
<v Speaker 1>moving ahead, everything is encrypted as Tech's privacy roll up

242
00:13:09.279 --> 00:13:14.480
<v Speaker 1>hits tested amid growing demand. So Astech's roll up is

243
00:13:14.519 --> 00:13:17.200
<v Speaker 1>a layer two on E theorem, and this has been

244
00:13:17.240 --> 00:13:21.399
<v Speaker 1>a solution that has been eight years in development. So

245
00:13:22.000 --> 00:13:25.759
<v Speaker 1>institutions obviously are looking for more privacy when they use

246
00:13:25.840 --> 00:13:29.639
<v Speaker 1>public blockchains because they've learned that when they use private blockchains,

247
00:13:29.639 --> 00:13:31.519
<v Speaker 1>it doesn't work. It's not the same they try to

248
00:13:31.559 --> 00:13:35.600
<v Speaker 1>do it jp Morgan Quorum blockchain jpm coin. Nobody trusts that, right,

249
00:13:35.840 --> 00:13:37.799
<v Speaker 1>But if you put it on a public blockchain that

250
00:13:37.919 --> 00:13:42.120
<v Speaker 1>is decentralized and it's more transparent, you can get a

251
00:13:42.120 --> 00:13:45.639
<v Speaker 1>lot more adoption. But there are certain data, you know,

252
00:13:45.759 --> 00:13:49.000
<v Speaker 1>customer data, proprietary data that you don't want everybody in

253
00:13:49.039 --> 00:13:51.000
<v Speaker 1>the world to see. Obviously, if you're a bank or

254
00:13:51.120 --> 00:13:53.919
<v Speaker 1>certain type of financial institution, you want to have some

255
00:13:53.960 --> 00:13:57.919
<v Speaker 1>sort of privacy. So Aztec, a Layer two roll up

256
00:13:57.960 --> 00:14:01.000
<v Speaker 1>focused on privacy, share Thursday that its test net has

257
00:14:01.080 --> 00:14:04.240
<v Speaker 1>finally gone live. The announcement comes as a wave of

258
00:14:04.320 --> 00:14:08.240
<v Speaker 1>new privacy focused solutions begin to capture interest from large

259
00:14:08.279 --> 00:14:13.559
<v Speaker 1>institutions who need confidentiality with large transaction batches. The team

260
00:14:13.600 --> 00:14:16.879
<v Speaker 1>behind Aztec said they have been working on its solution

261
00:14:17.000 --> 00:14:20.000
<v Speaker 1>for over eight years, bringing the cutting edge technology one

262
00:14:20.000 --> 00:14:23.320
<v Speaker 1>step closer to maynet. So this could be another big

263
00:14:23.679 --> 00:14:29.240
<v Speaker 1>narrative for Ethereum, which has been really suffering this cycle

264
00:14:29.279 --> 00:14:33.799
<v Speaker 1>and underperforming. But the combination of these type of updates

265
00:14:33.799 --> 00:14:36.799
<v Speaker 1>and upgrades on the Ethereum Layer one plus staking to

266
00:14:36.840 --> 00:14:41.480
<v Speaker 1>the ETFs could help ETH rally and catch up this bullmarket.

267
00:14:41.639 --> 00:14:45.360
<v Speaker 1>I honestly think these items can play a big factor

268
00:14:45.360 --> 00:14:49.159
<v Speaker 1>in helping ETHER to rally. So. Layer two networks have

269
00:14:49.240 --> 00:14:52.679
<v Speaker 1>appeared in mass in the ethereum space over the past

270
00:14:52.679 --> 00:14:55.519
<v Speaker 1>few years and are seen as a faster and cheaper

271
00:14:55.559 --> 00:14:59.639
<v Speaker 1>alternative to transacting on the Ethereum protocol. But ASTEC will

272
00:14:59.840 --> 00:15:01.960
<v Speaker 1>have have to give up elements of that in order

273
00:15:02.000 --> 00:15:05.279
<v Speaker 1>to preserve its mission of being privacy preserving as well

274
00:15:05.279 --> 00:15:08.399
<v Speaker 1>as decentralized. So it's not going to be as decentralized

275
00:15:08.399 --> 00:15:10.960
<v Speaker 1>as somebody's other layer twos, and it's not going to

276
00:15:11.000 --> 00:15:13.159
<v Speaker 1>have the same speed, but it's not going to be

277
00:15:13.159 --> 00:15:16.080
<v Speaker 1>as slow, I think as the Layer one of ethereum.

278
00:15:16.240 --> 00:15:19.639
<v Speaker 1>But institutions, you know, they want privacy and they're going

279
00:15:19.679 --> 00:15:23.000
<v Speaker 1>to want security, and sometimes the fastest is not always

280
00:15:23.039 --> 00:15:26.679
<v Speaker 1>the most secure and the most trusted. Look at Solana

281
00:15:26.799 --> 00:15:30.519
<v Speaker 1>and it's speed that it has, I mean, it blows

282
00:15:30.519 --> 00:15:33.159
<v Speaker 1>the theoum out of the water, but it has a

283
00:15:33.200 --> 00:15:36.519
<v Speaker 1>lot of downtime. So you know, look, we're still early.

284
00:15:36.600 --> 00:15:39.919
<v Speaker 1>There's going to be iterations for many of these blockchains,

285
00:15:39.919 --> 00:15:42.480
<v Speaker 1>and we'll see who the winners are. But they're going

286
00:15:42.519 --> 00:15:46.000
<v Speaker 1>to continue to fine tune and build version twos and

287
00:15:46.080 --> 00:15:49.840
<v Speaker 1>threes of their blockchains, which will be better, and you know,

288
00:15:49.879 --> 00:15:52.320
<v Speaker 1>hopefully they're able to fix the bugs and the issues.

289
00:15:52.480 --> 00:15:54.919
<v Speaker 1>But I think the fact that they're building for institutions

290
00:15:55.000 --> 00:15:59.600
<v Speaker 1>is incredibly bullish. I mean it's amazing. And Aztec they

291
00:15:59.639 --> 00:16:01.799
<v Speaker 1>had race is the one hundred million dollars in a

292
00:16:01.919 --> 00:16:05.120
<v Speaker 1>series B in twenty twenty two, led by A sixteen

293
00:16:05.200 --> 00:16:08.720
<v Speaker 1>Z s Or Andrews and Howartz, So incredible stuff here, guys,

294
00:16:09.200 --> 00:16:13.080
<v Speaker 1>very bullish. Free Etherorem and the adoption, because look, Etherorem,

295
00:16:13.120 --> 00:16:16.080
<v Speaker 1>despite its challenges, it is getting a lot of adoption.

296
00:16:16.799 --> 00:16:20.559
<v Speaker 1>I just talked about earlier paypals, stable Coin was launched

297
00:16:20.639 --> 00:16:25.360
<v Speaker 1>on ethereum, black rocks tokenized one on Etheroreum, and much more. So.

298
00:16:26.080 --> 00:16:28.200
<v Speaker 1>This is why I hole Ethan my portfolio and I'm

299
00:16:28.200 --> 00:16:31.399
<v Speaker 1>bullish on it long term. Now, folks, Mike novagrats Is

300
00:16:31.399 --> 00:16:35.960
<v Speaker 1>Galaxy Digital will be listed on the NASTAC on May sixteenth.

301
00:16:36.240 --> 00:16:39.080
<v Speaker 1>So I had told you guys that they are looking

302
00:16:39.080 --> 00:16:40.799
<v Speaker 1>to go public and it looks like they're going to

303
00:16:40.799 --> 00:16:43.600
<v Speaker 1>be doing it this month. So we are seeing more

304
00:16:43.600 --> 00:16:48.000
<v Speaker 1>and more crypto companies are going public. And Galaxy is

305
00:16:48.039 --> 00:16:52.159
<v Speaker 1>actually public in Canada, I believe, on the Toronto Stock Exchange,

306
00:16:52.200 --> 00:16:55.120
<v Speaker 1>but going live on the New York Stock Exchange is

307
00:16:55.440 --> 00:16:59.200
<v Speaker 1>a big moment. Because of what we've been facing in

308
00:16:59.240 --> 00:17:01.919
<v Speaker 1>the crypto industry over the past four years, things are

309
00:17:01.919 --> 00:17:04.960
<v Speaker 1>really opening up now and Galaxy Digital is a very

310
00:17:05.039 --> 00:17:08.440
<v Speaker 1>large crypto investment firm, so this is this is really big,

311
00:17:08.480 --> 00:17:13.200
<v Speaker 1>all right. Moving ahead Michael Sailor's strategy there, you are

312
00:17:13.200 --> 00:17:16.640
<v Speaker 1>looking to raise eighty four billion dollars to purchase more bitcoin.

313
00:17:18.599 --> 00:17:23.680
<v Speaker 1>This is wild, guys. I don't have a problem with

314
00:17:24.240 --> 00:17:27.119
<v Speaker 1>sailor or strategy. I've said that many times. I wish

315
00:17:27.200 --> 00:17:30.160
<v Speaker 1>them the very best, and I've often said I hope

316
00:17:30.160 --> 00:17:33.079
<v Speaker 1>nothing bad happens. But the amount of leverage concerns me.

317
00:17:33.680 --> 00:17:36.319
<v Speaker 1>How how far would they take this? How much debt

318
00:17:36.359 --> 00:17:42.200
<v Speaker 1>are they going to raise? You know, we've seen bitcoin enters,

319
00:17:42.240 --> 00:17:44.799
<v Speaker 1>bear markets and much more. You never know what could happen.

320
00:17:44.839 --> 00:17:49.079
<v Speaker 1>And even look at this because of the tariff pullback strategy. Uh,

321
00:17:49.279 --> 00:17:52.519
<v Speaker 1>they actually posted a Q one loss on the bitcoin

322
00:17:52.640 --> 00:17:57.480
<v Speaker 1>price decline, so you see, if it just takes, you know,

323
00:17:57.559 --> 00:18:01.640
<v Speaker 1>a significant crash to put them in trouble. I'm not

324
00:18:01.680 --> 00:18:03.279
<v Speaker 1>saying I want them to be in trouble, and I

325
00:18:03.319 --> 00:18:06.640
<v Speaker 1>hope everything works out, but the amount of leverage worries me.

326
00:18:06.759 --> 00:18:10.119
<v Speaker 1>Man and I hope it pays off. Look, because the

327
00:18:10.200 --> 00:18:13.160
<v Speaker 1>United States is looking to establish a strategic bitcoin reserve

328
00:18:13.920 --> 00:18:16.240
<v Speaker 1>black Rock, and all the Wall Street firms are buying.

329
00:18:16.400 --> 00:18:19.480
<v Speaker 1>You got governments around the world that are mining and

330
00:18:19.559 --> 00:18:22.240
<v Speaker 1>buying as well. So maybe it'll work out and you

331
00:18:22.240 --> 00:18:24.920
<v Speaker 1>know it won't be an issue. But the leverage really

332
00:18:24.960 --> 00:18:29.200
<v Speaker 1>really concerns me. As a student of history and financial history,

333
00:18:29.559 --> 00:18:34.319
<v Speaker 1>We've seen it. You build up these tranches of debt

334
00:18:34.559 --> 00:18:38.240
<v Speaker 1>and leverage and you never know what could happen, and

335
00:18:38.279 --> 00:18:41.000
<v Speaker 1>it could cause them major collapse. But anyway, this is

336
00:18:41.039 --> 00:18:44.319
<v Speaker 1>why I'm taking profits so that if anything does happen,

337
00:18:44.799 --> 00:18:48.000
<v Speaker 1>I'm okay. I walk away from the bullmarket with money

338
00:18:48.039 --> 00:18:51.599
<v Speaker 1>in my pocket, I should say. So hopefully everything goes okay,

339
00:18:51.640 --> 00:18:53.480
<v Speaker 1>and let's see how far a sailor is going to

340
00:18:53.559 --> 00:18:55.960
<v Speaker 1>take this. Is this something that could go on forever?

341
00:18:56.160 --> 00:18:58.880
<v Speaker 1>I don't think so, but we'll have to wait and see.

342
00:18:58.880 --> 00:19:01.240
<v Speaker 1>Time will tell. Folks, that's the news. Let me know

343
00:19:01.279 --> 00:19:03.160
<v Speaker 1>what you think. Leave your thoughts and comments below hit

344
00:19:03.200 --> 00:19:05.559
<v Speaker 1>the thumbs up button. A great way you can support

345
00:19:05.599 --> 00:19:07.960
<v Speaker 1>me in the podcast is by subscribing to my free

346
00:19:08.000 --> 00:19:11.680
<v Speaker 1>email newsletter on substack. I actually put out a newsletter today,

347
00:19:11.759 --> 00:19:13.960
<v Speaker 1>so be sure to check that out. Also check out

348
00:19:14.000 --> 00:19:17.079
<v Speaker 1>my book on Amazon, It's available in paperback, in digital,

349
00:19:17.519 --> 00:19:20.920
<v Speaker 1>and my new course at mycryptocurse dot com. Folks. This

350
00:19:21.039 --> 00:19:24.200
<v Speaker 1>is a comprehensive course that covers every aspect of crypto.

351
00:19:24.880 --> 00:19:28.359
<v Speaker 1>Best of all, it features expert commentary. No other course

352
00:19:28.400 --> 00:19:32.160
<v Speaker 1>out there offers this, so expand your knowledge. Knowledge is power.

353
00:19:32.359 --> 00:19:37.000
<v Speaker 1>You're going to hear from experts, founders, CEOs, innovators, institutional investors,

354
00:19:37.039 --> 00:19:39.720
<v Speaker 1>and much more so. It includes videos, text write ups,

355
00:19:39.880 --> 00:19:43.000
<v Speaker 1>downloadable materials, and much more so. If you'd like to

356
00:19:43.039 --> 00:19:46.000
<v Speaker 1>learn more, go to mycryptocourse dot com. Folks, thank you

357
00:19:46.039 --> 00:19:48.359
<v Speaker 1>for watching and listening. I appreciate you all, and I'll

358
00:19:48.400 --> 00:20:05.039
<v Speaker 1>talk to you all later. Eighty two posts