WEBVTT

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

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

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

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

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

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<v Speaker 1>or Apple, please leave a five star rating and review. Okay, folks,

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<v Speaker 1>we got to kick it off with the charts because

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<v Speaker 1>we got gold ripping, we got bitcoin ripping, the stock

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<v Speaker 1>market's looking great, and we've got big controversy going on

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<v Speaker 1>with feedscher, Jerome Powell and President Trump. First off, bitcoint

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<v Speaker 1>at the time of recording at ninety three and fifty

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<v Speaker 1>two dollars. So we're seeing some movement here. Nothing big

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<v Speaker 1>on the charts right now. The bowls are still in

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<v Speaker 1>control in the daily chart, the mac d's and the

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<v Speaker 1>green and the RSI still shows room to run here.

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<v Speaker 1>As we've been talking about, we're gonna stare step our

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<v Speaker 1>way out of this correction that we've seen. But don't

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<v Speaker 1>be surprised if there's another retest to test the lows,

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<v Speaker 1>maybe a on seventy ak eighty K before we see

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<v Speaker 1>a true breakout. But I'm just letting you know a

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<v Speaker 1>possible scenario. It's not guaranteed because no one has a

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<v Speaker 1>crystal ball, So we're gonna go based on the market

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<v Speaker 1>movements and the price action. But this is great to see,

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<v Speaker 1>and it could be bitcoins moving right now along with

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<v Speaker 1>gold and other assets because of the uncertainty we're seeing

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<v Speaker 1>between Fetcher Jerome Powell and President Trump. And I'll play

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<v Speaker 1>it a video of what Fetcher Jerome Powell had to

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<v Speaker 1>say this evening. Now, if we look at gold, it

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<v Speaker 1>has hit a new all time high, folks, so it's

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<v Speaker 1>currently trading at four five hundred and seventy eight dollars.

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<v Speaker 1>So we've been seeing gold lead the bull market. Silver

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<v Speaker 1>has caught up and it has been rallying. And we've

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<v Speaker 1>often talked about the rotation of liquidity between these different

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<v Speaker 1>asset classes, the stock market, gold, crypto, and so on

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<v Speaker 1>and so forth. A positive sign on the stock market

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<v Speaker 1>front is that the russell has been hitting new all

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<v Speaker 1>time highs and if you look at the SMP five

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<v Speaker 1>hundred also doing the same thing. So these are of

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<v Speaker 1>course great leading indicators telling us that the bull market's

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<v Speaker 1>not over. Now. The big question we all have for

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<v Speaker 1>Bitcoin is is its move that's coming going to be

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<v Speaker 1>simply a relief rally and then roll over into the

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<v Speaker 1>bear market or a continuation of the bull market. Personally,

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<v Speaker 1>I'm leading more towards the continuation of the bull market,

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<v Speaker 1>maybe a move to the blow off top and then

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<v Speaker 1>also have a true all coin season, but that's not guaranteed, okay.

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<v Speaker 1>So we as educated inform investors, we want to look

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<v Speaker 1>at the different scenarios that could play out and look

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<v Speaker 1>at which one has the higher probability of playing out.

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<v Speaker 1>So I will of course update you guys on my

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<v Speaker 1>thesis and my strategy and the moves that I make

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<v Speaker 1>based on different price actions, but obviously you should do

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<v Speaker 1>your own research. Now, some good things that we are

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<v Speaker 1>seeing is that on Total three, which is the all

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<v Speaker 1>coin market cap excluding Bitcoin, etherorem and stable coins, that's

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<v Speaker 1>been seeing some strength bulls in control there, and all

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<v Speaker 1>certain all coins like privacy coins have been making new highs.

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<v Speaker 1>We saw z cash did that about a month ago.

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<v Speaker 1>Now monaro xmr it is making a new high. So

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<v Speaker 1>these are things to take into consideration. These alter are

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<v Speaker 1>moving and it looks like Minera is about to break

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<v Speaker 1>into price discovery and In addition, Ethereum, you know, its

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<v Speaker 1>chart is looking great as well. The eth slash bitcoin

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<v Speaker 1>chart is also looking great. It looks poised for a breakout.

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<v Speaker 1>So we want to see Etherorem do well because that's

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<v Speaker 1>going to bode well for the all coins. Right, many

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<v Speaker 1>all coins are built on Etherorem, and because it's the

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<v Speaker 1>number two all coin in the market again, that liquidity

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<v Speaker 1>starts to flow to the rest of the all coin market.

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<v Speaker 1>So this is what we want to see. Obviously, we

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<v Speaker 1>got to be patient and let the market do its thing,

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<v Speaker 1>and you know, this week it's going to be a

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<v Speaker 1>big one. As mentioned earlier, Fed shair Jerome Powell came

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<v Speaker 1>out this evening with a video responding to a DOJ

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<v Speaker 1>investigation into him and the FED build building renovation and

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<v Speaker 1>so on and so forth. But clearly there's a political

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<v Speaker 1>angle here to some pressure being put on Pale from

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<v Speaker 1>Trump's administration to try to get him to cut rates.

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<v Speaker 1>So let me play what fetcher Jerome Powell had to say.

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<v Speaker 2>Good evening. On Friday, the Department of Justice served the

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<v Speaker 2>Federal Reserve with grand jury subpoenas threatening a criminal indictment

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<v Speaker 2>related to my testimony before the Senate Banking Committee last June.

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<v Speaker 2>That testimony concerned, in part, a multi year project to

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<v Speaker 2>renovate historic Federal Reserve office buildings. I have deep respect

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<v Speaker 2>for the rule of law and for accountability in our democracy.

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<v Speaker 2>No one, certainly not the chair of the Federal Reserve,

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<v Speaker 2>is above the law. But this unprecedented action should be

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<v Speaker 2>seen in the broader context of the administration's threats and

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<v Speaker 2>ongoing pressure. This new threat is not about my testimony

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<v Speaker 2>last June, or about the renovation of the Federal Reserve buildings.

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<v Speaker 2>It is not about Congress's oversight role. The FED, through

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<v Speaker 2>testimony and other public disclosures, made every effort to keep

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<v Speaker 2>Congress informed about the renovation project. Those are pretexts. The

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<v Speaker 2>threat of criminal charges is a consequence of the Federal

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<v Speaker 2>Reserve setting interest rates based on our best assessment of

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<v Speaker 2>what will serve the public, rather than following the preferences

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<v Speaker 2>of the president. This is about whether the Fed will

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<v Speaker 2>be able to continue to set interest rates based on

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<v Speaker 2>evidence and economic conditions, or whether instead monetary policy will

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<v Speaker 2>be directed by political pressure or intimidation. I have served

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<v Speaker 2>at the Federal Reserve under four administrations, Republicans and Democrats, alike,

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<v Speaker 2>in every case, I have carried out my duties without

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<v Speaker 2>political fear or favor, focused solely on our mandate of

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<v Speaker 2>price stability and maximum employment. Public service sometimes requires standing

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<v Speaker 2>firm in the face of threats. I will continue to

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<v Speaker 2>do the job the Senate confirmed me to do with

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<v Speaker 2>integrity and a commitment to serving the American people. Thank you.

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<v Speaker 1>Okay, so you heard that right now. I know this

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<v Speaker 1>doesn't entirely have to do much with the charts and

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<v Speaker 1>so forth, but the dynamic of what the Fed is

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<v Speaker 1>able to do with quantitative easing and rate cuts, you know,

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<v Speaker 1>this could play out well for the markets. You know,

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<v Speaker 1>maybe because they see Jerome in a bad position, maybe right,

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<v Speaker 1>and that a new FET chair is coming this year

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<v Speaker 1>and that we'll do Trump's bidding, and maybe the markets

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<v Speaker 1>are looking at you know, could this pressure from the

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<v Speaker 1>Trump administration force Powell to cut rates even more? So?

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<v Speaker 1>We shall see, but it's something you need to be

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<v Speaker 1>aware of because it does affect all the markets. Now,

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<v Speaker 1>the other factor this week that's going to be very

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<v Speaker 1>impactful is the Supreme Court is going to rule on

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<v Speaker 1>Trump's teriffs, right, and that's going to be on Wednesday,

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<v Speaker 1>January fourteenth. It was pushed back from Friday, you know,

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<v Speaker 1>we were supposed to hear from the Supreme Court, but

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<v Speaker 1>now it's on the fourteenth. So let's see. Some of

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<v Speaker 1>you may say, well, what does the tariffs have to

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<v Speaker 1>do with the markets, Well, look at what the tariff

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<v Speaker 1>announcement did at the beginning of twenty twenty five. It

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<v Speaker 1>crashed all markets and we had an extended correction, right,

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<v Speaker 1>and then slowly we started coming out as Trump backtrack

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<v Speaker 1>some of those terriffs and delayed even to China tariffs

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<v Speaker 1>and so forth. So let's see. You know, what the

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<v Speaker 1>ruling does. I don't know if it's going to be

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<v Speaker 1>entirely positive. We got to see if it's a nuanced ruling,

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<v Speaker 1>we'll see how markets react. But maybe it's positive and

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<v Speaker 1>its additional fuel to the fire to send bitcoin and

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<v Speaker 1>the other markets rally. In addition, President Trump is clearly

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<v Speaker 1>trying to put out big incentives ahead of the midterm elections.

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<v Speaker 1>You know, he's talked about the tariff stimulus money, you know,

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<v Speaker 1>sending checks to people. He's talked about capping credit card

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<v Speaker 1>interest rates at ten percent, and all kinds of stuff

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<v Speaker 1>like that. Right, So we're starting to see the push

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<v Speaker 1>to get all these things done. In addition to the

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<v Speaker 1>other one of you know, bailing out the mortgage backed

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<v Speaker 1>security you're buying those from Fannie Mae, Freddie Mac to

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<v Speaker 1>be able to lower interest rates and making housing more affordable. Anyway,

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<v Speaker 1>I think you guys get my point. He's gonna roll

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<v Speaker 1>out all the bells and whistles ahead of the midterm elections.

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<v Speaker 1>So let's see all this could bode well for the markets.

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<v Speaker 1>And markets love liquidity, they love easy money. So if

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<v Speaker 1>all these things are going to help consumers to be

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<v Speaker 1>able to invest and be more confident in the economy

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<v Speaker 1>and much more, that's going to do well for the markets.

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<v Speaker 1>In addition, we will have the markup of the Crypto

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<v Speaker 1>Market Structure Bill this week. I think it's Thursday, So

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<v Speaker 1>things are moving ahead. The US Senate Banking Committee gop

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<v Speaker 1>account tweeted out that Chairman Senator Tim Scott is moving

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<v Speaker 1>forward on digital Asset Market Structure legislation, delivering clear rules

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<v Speaker 1>that protect main street, keep invasion here at home, and

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<v Speaker 1>safeguards US national security. So we're gonna see movement here again.

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<v Speaker 1>All these things bode well for the market, So let's see, guys,

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<v Speaker 1>let's see what happens. And you know, one of the

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<v Speaker 1>metrics I've been monitoring is what are the whales doing?

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<v Speaker 1>And they continue to accumulate so on chain data from

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<v Speaker 1>sentiment and if you want to learn about sentiment, like

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<v Speaker 1>would be in the description they track, you know, the

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<v Speaker 1>bitcoin whale wallets while it's of ten or more bitcoin.

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<v Speaker 1>And we are seeing slow accumulation here. So the distribution

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<v Speaker 1>that was happening in Q four has pretty much come

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<v Speaker 1>to an end. And I'm looking at this closely to

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<v Speaker 1>see if it picks up steam because then you'll know

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<v Speaker 1>the price will start to follow, guys. So we want

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<v Speaker 1>to look at multiple factors, not just one. We can't

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<v Speaker 1>just look at charts, we can't just look at the macro,

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<v Speaker 1>we can't just look at on chain data. We have

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<v Speaker 1>to look at them collectively to get a better view

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<v Speaker 1>and understanding of what's happening in the market. So let's

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<v Speaker 1>see what this week brings us. It could be very

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<v Speaker 1>very interesting, folks. This episode is brought to you by

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<v Speaker 1>out the link in the description. All right, folks, we

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<v Speaker 1>got some interesting news about x so formally known as

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<v Speaker 1>Twitter and Elon must We know is very bullish about

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<v Speaker 1>crypto blockchain Bitcoin. We know Tesla and SpaceX boat hold

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<v Speaker 1>Bitcoin under balance sheet. We know Elon personally holds Bitcoin,

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<v Speaker 1>e theorem and doche coin. Well, here's the headline. Elon

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<v Speaker 1>must x teases crypto aware smart cash tags just a

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<v Speaker 1>day after community backlash. So this is interesting. X head

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<v Speaker 1>of products that the platform is building smart cash tags

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<v Speaker 1>that recognize specific assets, including crypto tookens and smart contracts.

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<v Speaker 1>The announcement came one day after the backlash from the

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<v Speaker 1>crypto community over a now deleted post by Nikita Bier.

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<v Speaker 1>Bier said X is collecting feedback as it works toward

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<v Speaker 1>a possible public release, which could occur as early as

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<v Speaker 1>next month. So let's see what Elon comes up with.

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<v Speaker 1>And you know, he's been cooking up some stuff with

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<v Speaker 1>X and x dot com, and we know he wants

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<v Speaker 1>to integrate crypto trading and stock trading and all types

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<v Speaker 1>of financial services on X. And we know he's going

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<v Speaker 1>to use blockchain data. Right, the future is stable coins

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<v Speaker 1>and crypto and blockchain, so there's no way he can

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<v Speaker 1>avoid it. And he knows about it. Obviously, he is

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<v Speaker 1>invested here, so he could come out with something that

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<v Speaker 1>could be very bullish for the market. So let's wait

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<v Speaker 1>and see what may happen here. Okay, final news item

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<v Speaker 1>here India titans kyc requirements for crypto user onboarding. So again,

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<v Speaker 1>across the globe, we are seeing crypto guardrails being put

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<v Speaker 1>into plays, the rules, the regulations and much more. We

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<v Speaker 1>know the future. This is the future, right the future,

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<v Speaker 1>government's economies and markets will all run on blockchain rails.

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<v Speaker 1>So India's Financial Intelligence Unit, a regulatory agency that sets

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<v Speaker 1>anti money laundering and Know your Customer regulations, issued new

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<v Speaker 1>guidelines tightening rules for onboarding users to crypto platforms. The

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<v Speaker 1>new rules force regulated crypto exchanges to verify users through

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<v Speaker 1>live selfie pictures and geographic location verification. According to the

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<v Speaker 1>Times of India. The live selfie pictures are verified with

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<v Speaker 1>software that attracts users eye and head movements to prevent

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<v Speaker 1>AID figs from being used to bypass Know Your Customer

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<v Speaker 1>verification process. So, folks, all the governments around the world,

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<v Speaker 1>this is what they're doing kyc AML. They want to

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<v Speaker 1>tax tax it. Of course, they want to monitor where

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<v Speaker 1>their currency is going because they know a lot of

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<v Speaker 1>their fiat currency is going to go into these crypto assets.

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<v Speaker 1>They could be moved across borders. Right. This is one

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<v Speaker 1>of the things China was worried about because of the

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<v Speaker 1>capital flight risk. So again, India is going to do

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<v Speaker 1>the same thing all the countries, so just get be prepared.

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<v Speaker 1>This is if you live in those countries. This is

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<v Speaker 1>what's coming. But the important thing here right from the

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<v Speaker 1>macro they're not banning this, they're embracing it. It's here

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<v Speaker 1>to stay, and the governments are going to be using

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<v Speaker 1>the blockchain tech, the private sector of the public and

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<v Speaker 1>so on and so forth. Right, so things are moving

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<v Speaker 1>in the right direction, even though some countries may get

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<v Speaker 1>a bit draconian. You know, I'm a big believer in privacy,

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<v Speaker 1>but there's obviously certain things we can avoid or right, folks,

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

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<v Speaker 1>with the markets starting to move here, It's going to

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<v Speaker 1>be a very interesting week, to say the least. There's

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<v Speaker 1>a lot of things coming up. Like I said, the

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<v Speaker 1>tariff ruling, the crypto market structure, the ongoing drama between

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<v Speaker 1>President Trump and fetcher Jerome Powell. So let's see how

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<v Speaker 1>the markets move this week. Folks, be sure to support

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<v Speaker 1>the podcast by subscribing to my free email newsletter. It

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<v Speaker 1>is one hundred percent free. Link would be in the description.

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<v Speaker 1>Check out my book on Amazon, it's available in paperback,

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<v Speaker 1>in digital, and my course at Mycrypto course dot com.

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<v Speaker 1>This is a comprehensive course that teaches you everything you

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<v Speaker 1>need to know about crypto folks, thank you so much

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<v Speaker 1>for tuning in. I appreciate you all, and I'll talk

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<v Speaker 1>to you all later