Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: we got to kick it off with the charts because
Speaker 1: we got gold ripping, we got bitcoin ripping, the stock
Speaker 1: market's looking great, and we've got big controversy going on
Speaker 1: with feedscher, Jerome Powell and President Trump. First off, bitcoint
Speaker 1: at the time of recording at ninety three and fifty
Speaker 1: two dollars. So we're seeing some movement here. Nothing big
Speaker 1: on the charts right now. The bowls are still in
Speaker 1: control in the daily chart, the mac d's and the
Speaker 1: green and the RSI still shows room to run here.
Speaker 1: As we've been talking about, we're gonna stare step our
Speaker 1: way out of this correction that we've seen. But don't
Speaker 1: be surprised if there's another retest to test the lows,
Speaker 1: maybe a on seventy ak eighty K before we see
Speaker 1: a true breakout. But I'm just letting you know a
Speaker 1: possible scenario. It's not guaranteed because no one has a
Speaker 1: crystal ball, So we're gonna go based on the market
Speaker 1: movements and the price action. But this is great to see,
Speaker 1: and it could be bitcoins moving right now along with
Speaker 1: gold and other assets because of the uncertainty we're seeing
Speaker 1: between Fetcher Jerome Powell and President Trump. And I'll play
Speaker 1: it a video of what Fetcher Jerome Powell had to
Speaker 1: say this evening. Now, if we look at gold, it
Speaker 1: has hit a new all time high, folks, so it's
Speaker 1: currently trading at four five hundred and seventy eight dollars.
Speaker 1: So we've been seeing gold lead the bull market. Silver
Speaker 1: has caught up and it has been rallying. And we've
Speaker 1: often talked about the rotation of liquidity between these different
Speaker 1: asset classes, the stock market, gold, crypto, and so on
Speaker 1: and so forth. A positive sign on the stock market
Speaker 1: front is that the russell has been hitting new all
Speaker 1: time highs and if you look at the SMP five
Speaker 1: hundred also doing the same thing. So these are of
Speaker 1: course great leading indicators telling us that the bull market's
Speaker 1: not over. Now. The big question we all have for
Speaker 1: Bitcoin is is its move that's coming going to be
Speaker 1: simply a relief rally and then roll over into the
Speaker 1: bear market or a continuation of the bull market. Personally,
Speaker 1: I'm leading more towards the continuation of the bull market,
Speaker 1: maybe a move to the blow off top and then
Speaker 1: also have a true all coin season, but that's not guaranteed, okay.
Speaker 1: So we as educated inform investors, we want to look
Speaker 1: at the different scenarios that could play out and look
Speaker 1: at which one has the higher probability of playing out.
Speaker 1: So I will of course update you guys on my
Speaker 1: thesis and my strategy and the moves that I make
Speaker 1: based on different price actions, but obviously you should do
Speaker 1: your own research. Now, some good things that we are
Speaker 1: seeing is that on Total three, which is the all
Speaker 1: coin market cap excluding Bitcoin, etherorem and stable coins, that's
Speaker 1: been seeing some strength bulls in control there, and all
Speaker 1: certain all coins like privacy coins have been making new highs.
Speaker 1: We saw z cash did that about a month ago.
Speaker 1: Now monaro xmr it is making a new high. So
Speaker 1: these are things to take into consideration. These alter are
Speaker 1: moving and it looks like Minera is about to break
Speaker 1: into price discovery and In addition, Ethereum, you know, its
Speaker 1: chart is looking great as well. The eth slash bitcoin
Speaker 1: chart is also looking great. It looks poised for a breakout.
Speaker 1: So we want to see Etherorem do well because that's
Speaker 1: going to bode well for the all coins. Right, many
Speaker 1: all coins are built on Etherorem, and because it's the
Speaker 1: number two all coin in the market again, that liquidity
Speaker 1: starts to flow to the rest of the all coin market.
Speaker 1: So this is what we want to see. Obviously, we
Speaker 1: got to be patient and let the market do its thing,
Speaker 1: and you know, this week it's going to be a
Speaker 1: big one. As mentioned earlier, Fed shair Jerome Powell came
Speaker 1: out this evening with a video responding to a DOJ
Speaker 1: investigation into him and the FED build building renovation and
Speaker 1: so on and so forth. But clearly there's a political
Speaker 1: angle here to some pressure being put on Pale from
Speaker 1: Trump's administration to try to get him to cut rates.
Speaker 1: So let me play what fetcher Jerome Powell had to say.
Speaker 2: Good evening. On Friday, the Department of Justice served the
Speaker 2: Federal Reserve with grand jury subpoenas threatening a criminal indictment
Speaker 2: related to my testimony before the Senate Banking Committee last June.
Speaker 2: That testimony concerned, in part, a multi year project to
Speaker 2: renovate historic Federal Reserve office buildings. I have deep respect
Speaker 2: for the rule of law and for accountability in our democracy.
Speaker 2: No one, certainly not the chair of the Federal Reserve,
Speaker 2: is above the law. But this unprecedented action should be
Speaker 2: seen in the broader context of the administration's threats and
Speaker 2: ongoing pressure. This new threat is not about my testimony
Speaker 2: last June, or about the renovation of the Federal Reserve buildings.
Speaker 2: It is not about Congress's oversight role. The FED, through
Speaker 2: testimony and other public disclosures, made every effort to keep
Speaker 2: Congress informed about the renovation project. Those are pretexts. The
Speaker 2: threat of criminal charges is a consequence of the Federal
Speaker 2: Reserve setting interest rates based on our best assessment of
Speaker 2: what will serve the public, rather than following the preferences
Speaker 2: of the president. This is about whether the Fed will
Speaker 2: be able to continue to set interest rates based on
Speaker 2: evidence and economic conditions, or whether instead monetary policy will
Speaker 2: be directed by political pressure or intimidation. I have served
Speaker 2: at the Federal Reserve under four administrations, Republicans and Democrats, alike,
Speaker 2: in every case, I have carried out my duties without
Speaker 2: political fear or favor, focused solely on our mandate of
Speaker 2: price stability and maximum employment. Public service sometimes requires standing
Speaker 2: firm in the face of threats. I will continue to
Speaker 2: do the job the Senate confirmed me to do with
Speaker 2: integrity and a commitment to serving the American people. Thank you.
Speaker 1: Okay, so you heard that right now. I know this
Speaker 1: doesn't entirely have to do much with the charts and
Speaker 1: so forth, but the dynamic of what the Fed is
Speaker 1: able to do with quantitative easing and rate cuts, you know,
Speaker 1: this could play out well for the markets. You know,
Speaker 1: maybe because they see Jerome in a bad position, maybe right,
Speaker 1: and that a new FET chair is coming this year
Speaker 1: and that we'll do Trump's bidding, and maybe the markets
Speaker 1: are looking at you know, could this pressure from the
Speaker 1: Trump administration force Powell to cut rates even more? So?
Speaker 1: We shall see, but it's something you need to be
Speaker 1: aware of because it does affect all the markets. Now,
Speaker 1: the other factor this week that's going to be very
Speaker 1: impactful is the Supreme Court is going to rule on
Speaker 1: Trump's teriffs, right, and that's going to be on Wednesday,
Speaker 1: January fourteenth. It was pushed back from Friday, you know,
Speaker 1: we were supposed to hear from the Supreme Court, but
Speaker 1: now it's on the fourteenth. So let's see. Some of
Speaker 1: you may say, well, what does the tariffs have to
Speaker 1: do with the markets, Well, look at what the tariff
Speaker 1: announcement did at the beginning of twenty twenty five. It
Speaker 1: crashed all markets and we had an extended correction, right,
Speaker 1: and then slowly we started coming out as Trump backtrack
Speaker 1: some of those terriffs and delayed even to China tariffs
Speaker 1: and so forth. So let's see. You know, what the
Speaker 1: ruling does. I don't know if it's going to be
Speaker 1: entirely positive. We got to see if it's a nuanced ruling,
Speaker 1: we'll see how markets react. But maybe it's positive and
Speaker 1: its additional fuel to the fire to send bitcoin and
Speaker 1: the other markets rally. In addition, President Trump is clearly
Speaker 1: trying to put out big incentives ahead of the midterm elections.
Speaker 1: You know, he's talked about the tariff stimulus money, you know,
Speaker 1: sending checks to people. He's talked about capping credit card
Speaker 1: interest rates at ten percent, and all kinds of stuff
Speaker 1: like that. Right, So we're starting to see the push
Speaker 1: to get all these things done. In addition to the
Speaker 1: other one of you know, bailing out the mortgage backed
Speaker 1: security you're buying those from Fannie Mae, Freddie Mac to
Speaker 1: be able to lower interest rates and making housing more affordable. Anyway,
Speaker 1: I think you guys get my point. He's gonna roll
Speaker 1: out all the bells and whistles ahead of the midterm elections.
Speaker 1: So let's see all this could bode well for the markets.
Speaker 1: And markets love liquidity, they love easy money. So if
Speaker 1: all these things are going to help consumers to be
Speaker 1: able to invest and be more confident in the economy
Speaker 1: and much more, that's going to do well for the markets.
Speaker 1: In addition, we will have the markup of the Crypto
Speaker 1: Market Structure Bill this week. I think it's Thursday, So
Speaker 1: things are moving ahead. The US Senate Banking Committee gop
Speaker 1: account tweeted out that Chairman Senator Tim Scott is moving
Speaker 1: forward on digital Asset Market Structure legislation, delivering clear rules
Speaker 1: that protect main street, keep invasion here at home, and
Speaker 1: safeguards US national security. So we're gonna see movement here again.
Speaker 1: All these things bode well for the market, So let's see, guys,
Speaker 1: let's see what happens. And you know, one of the
Speaker 1: metrics I've been monitoring is what are the whales doing?
Speaker 1: And they continue to accumulate so on chain data from
Speaker 1: sentiment and if you want to learn about sentiment, like
Speaker 1: would be in the description they track, you know, the
Speaker 1: bitcoin whale wallets while it's of ten or more bitcoin.
Speaker 1: And we are seeing slow accumulation here. So the distribution
Speaker 1: that was happening in Q four has pretty much come
Speaker 1: to an end. And I'm looking at this closely to
Speaker 1: see if it picks up steam because then you'll know
Speaker 1: the price will start to follow, guys. So we want
Speaker 1: to look at multiple factors, not just one. We can't
Speaker 1: just look at charts, we can't just look at the macro,
Speaker 1: we can't just look at on chain data. We have
Speaker 1: to look at them collectively to get a better view
Speaker 1: and understanding of what's happening in the market. So let's
Speaker 1: see what this week brings us. It could be very
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Speaker 1: got some interesting news about x so formally known as
Speaker 1: Twitter and Elon must We know is very bullish about
Speaker 1: crypto blockchain Bitcoin. We know Tesla and SpaceX boat hold
Speaker 1: Bitcoin under balance sheet. We know Elon personally holds Bitcoin,
Speaker 1: e theorem and doche coin. Well, here's the headline. Elon
Speaker 1: must x teases crypto aware smart cash tags just a
Speaker 1: day after community backlash. So this is interesting. X head
Speaker 1: of products that the platform is building smart cash tags
Speaker 1: that recognize specific assets, including crypto tookens and smart contracts.
Speaker 1: The announcement came one day after the backlash from the
Speaker 1: crypto community over a now deleted post by Nikita Bier.
Speaker 1: Bier said X is collecting feedback as it works toward
Speaker 1: a possible public release, which could occur as early as
Speaker 1: next month. So let's see what Elon comes up with.
Speaker 1: And you know, he's been cooking up some stuff with
Speaker 1: X and x dot com, and we know he wants
Speaker 1: to integrate crypto trading and stock trading and all types
Speaker 1: of financial services on X. And we know he's going
Speaker 1: to use blockchain data. Right, the future is stable coins
Speaker 1: and crypto and blockchain, so there's no way he can
Speaker 1: avoid it. And he knows about it. Obviously, he is
Speaker 1: invested here, so he could come out with something that
Speaker 1: could be very bullish for the market. So let's wait
Speaker 1: and see what may happen here. Okay, final news item
Speaker 1: here India titans kyc requirements for crypto user onboarding. So again,
Speaker 1: across the globe, we are seeing crypto guardrails being put
Speaker 1: into plays, the rules, the regulations and much more. We
Speaker 1: know the future. This is the future, right the future,
Speaker 1: government's economies and markets will all run on blockchain rails.
Speaker 1: So India's Financial Intelligence Unit, a regulatory agency that sets
Speaker 1: anti money laundering and Know your Customer regulations, issued new
Speaker 1: guidelines tightening rules for onboarding users to crypto platforms. The
Speaker 1: new rules force regulated crypto exchanges to verify users through
Speaker 1: live selfie pictures and geographic location verification. According to the
Speaker 1: Times of India. The live selfie pictures are verified with
Speaker 1: software that attracts users eye and head movements to prevent
Speaker 1: AID figs from being used to bypass Know Your Customer
Speaker 1: verification process. So, folks, all the governments around the world,
Speaker 1: this is what they're doing kyc AML. They want to
Speaker 1: tax tax it. Of course, they want to monitor where
Speaker 1: their currency is going because they know a lot of
Speaker 1: their fiat currency is going to go into these crypto assets.
Speaker 1: They could be moved across borders. Right. This is one
Speaker 1: of the things China was worried about because of the
Speaker 1: capital flight risk. So again, India is going to do
Speaker 1: the same thing all the countries, so just get be prepared.
Speaker 1: This is if you live in those countries. This is
Speaker 1: what's coming. But the important thing here right from the
Speaker 1: macro they're not banning this, they're embracing it. It's here
Speaker 1: to stay, and the governments are going to be using
Speaker 1: the blockchain tech, the private sector of the public and
Speaker 1: so on and so forth. Right, so things are moving
Speaker 1: in the right direction, even though some countries may get
Speaker 1: a bit draconian. You know, I'm a big believer in privacy,
Speaker 1: but there's obviously certain things we can avoid or right, folks,
Speaker 1: that's the news. Let me know what you think, especially
Speaker 1: with the markets starting to move here, It's going to
Speaker 1: be a very interesting week, to say the least. There's
Speaker 1: a lot of things coming up. Like I said, the
Speaker 1: tariff ruling, the crypto market structure, the ongoing drama between
Speaker 1: President Trump and fetcher Jerome Powell. So let's see how
Speaker 1: the markets move this week. Folks, be sure to support
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Speaker 1: Check out my book on Amazon, it's available in paperback,
Speaker 1: in digital, and my course at Mycrypto course dot com.
Speaker 1: This is a comprehensive course that teaches you everything you
Speaker 1: need to know about crypto folks, thank you so much
Speaker 1: for tuning in. I appreciate you all, and I'll talk
Speaker 1: to you all later