Speaker 1: Hey everyone, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for your cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: let's quickly start off with the price of bitcoin and
Speaker 1: the charts, because we're seeing some strength here, despite you know,
Speaker 1: the market downturn that we saw yesterday and even the
Speaker 1: stock market with its futures in the red, both are
Speaker 1: actually up today, and specifically for Bitcoin, it is still
Speaker 1: trying to break out of that consolidation zone or channel
Speaker 1: here and it's attempting to break out again. So still
Speaker 1: seeing some positive signs. There's no guarantees here though, right
Speaker 1: as always, we're looking at probabilities, but the ideal scenario
Speaker 1: is a relief rally up to about eighty to eighty
Speaker 1: five came, maybe it overshoots and we hit the nineties
Speaker 1: and then all coins outperform Bitcoin, But again no guarantees here.
Speaker 1: We could still see Bitcoin rollover to low's before we
Speaker 1: have any type of major relief rally. So this is
Speaker 1: something to just keep in mind. The positive science is
Speaker 1: the mac D on the daily chart shows the bulls
Speaker 1: are still in control. The R side continues to move
Speaker 1: away from the over soul zone and it has room
Speaker 1: to run, so that's very good. On the weekly chart,
Speaker 1: the RSI is still in the over soul zone, but
Speaker 1: it's starting to move away. And then the inverse correlation
Speaker 1: to all of this is the USDT dominance. So the
Speaker 1: stable coin liquidity that is a continuing to show weakness
Speaker 1: and looks like it's going to break down. So if
Speaker 1: that's breaking down, it means staplecoid liquidity is turned to
Speaker 1: enter the market. So again the inverse correlation. So this
Speaker 1: is why we want to look at all these different things,
Speaker 1: and we have, you know, the relief rally. Now again
Speaker 1: this is not a move to new all time highs.
Speaker 1: So please don't get me wrong. We are in a
Speaker 1: bear market. It is because we've had such oversold conditions,
Speaker 1: extreme oversold conditions levels that have signaled the bear market
Speaker 1: bottom in the previous bit markets like the FTX crash
Speaker 1: in twenty twenty two, three thousand dollars in December twenty
Speaker 1: eighteen things along those lines. Plus you have extreme fear.
Speaker 1: People have given up. People are putting out negative things
Speaker 1: about bitcoin. There are articles saying Bitcoin's pointless and crypto's
Speaker 1: pointless and nothing can be saved anymore. Right so they're
Speaker 1: writing the death sentence of crypto yet again. But that's
Speaker 1: for the masses. But you and I, who are financially educated,
Speaker 1: we're looking at the charts, the fundamentals, the on chain metrics,
Speaker 1: the macro and much more so. Fingers crossed that we
Speaker 1: get this relief valley, you'll be really nice and I look,
Speaker 1: I'm gonna be looking to take some profits and of
Speaker 1: course once we roll over to test lows again or
Speaker 1: go further down maybe into the fifty case for bitcoin,
Speaker 1: look to accumulate. So that's my strategy. Will continue to
Speaker 1: update you guys as things progress. We are seeing some buying.
Speaker 1: So Michael Sailor's strategy has bought one point three billion
Speaker 1: dollars in bitcoin and their holdings are now over seven
Speaker 1: hundred and thirty eight thousand bitcoin. This is insane and
Speaker 1: obviously I hope this works out for Michael Salel because
Speaker 1: if it doesn't and there's a collapse, it will be
Speaker 1: pretty catastrophic for the market. I'm still wary of what
Speaker 1: he's doing with the amount of debt he's raising, you know.
Speaker 1: I don't like the amount of leverage, and it just
Speaker 1: sets up a house of cards that could be easily
Speaker 1: taken down because he's he's going to have a target
Speaker 1: on his back, and I think he already has a
Speaker 1: target on his back. A lot of people are trying
Speaker 1: to short the hell out of micro Strategy and take
Speaker 1: down Sailor right those who are anti crypto, anti bitcoin.
Speaker 1: I just want to see him fail what he's doing here,
Speaker 1: So let's hope nothing bad happens here. Crypto funds are
Speaker 1: also seeing continued inflows. So crypto funds gained six hundred
Speaker 1: and nightnineteen million dollars as markets hold up despite oil
Speaker 1: and war fears. So bitcoin ETPs turn green year to
Speaker 1: date with five hundred and twenty one million dollar inflows
Speaker 1: last week as total crypto assets rebounded despy geopolitical tensions
Speaker 1: linked to Iran. So these are all good signs, guys,
Speaker 1: and we're gonna have to see how it all plays out. Now.
Speaker 1: Something that's very interesting for bitcoin. The total bitcoin mind
Speaker 1: has crossed twenty million, so there's only one million btc
Speaker 1: left b mine. But this is where it gets fascinating,
Speaker 1: is that it will take another one hundred and fourteen
Speaker 1: years to mine because that's how the algorithm is set up.
Speaker 1: And the difficulty rate increases, it becomes much harder, much
Speaker 1: more difficult to mind bitcoin. So we know that there's
Speaker 1: not fully twenty million out there. There's a lot of
Speaker 1: bitcoin that has been lost, right and people who have
Speaker 1: lost the private keys through y hard drives, all these things,
Speaker 1: so it is not truly twenty million that has been mined,
Speaker 1: and is going to be less than twenty one million
Speaker 1: once it's all said and done, But pretty incredible one
Speaker 1: hundred and fourteen years to mine the next one million.
Speaker 1: That's certainly going to be beyond the lifespan of many
Speaker 1: of us who are here, but we want to take
Speaker 1: advantage of the technology and acid class. But pretty incredible
Speaker 1: when you think about it. Now, folks, A great place
Speaker 1: where you can buy bitcoin, all coins and even gold
Speaker 1: and silver is on I Trust Capital and you can
Speaker 1: do it via an iray where you get huge tax benefits.
Speaker 1: So if you have a long term view on these
Speaker 1: acid classes, you can invest via the irray and get
Speaker 1: those taxes and exemptions because many of you know there's
Speaker 1: capital gains taxes when you sell your crypto. Well, you
Speaker 1: can buy, sell and trade a golden silver and crypto
Speaker 1: and once again in the IRA, you can roll over
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Speaker 1: also offer a great custody solution. I believe this is
Speaker 1: the second safest way to custody your assets behind self
Speaker 1: custody where you control the private keys. They are using
Speaker 1: institutional grade custody such as coinbased Prime, Fidelity, and much more.
Speaker 1: We know black Rock utilizes coinbased prime and their custody
Speaker 1: platform is a closed loop system, so even if someone
Speaker 1: hacks into your account, they can't withdraw any type of
Speaker 1: funds and you can buy and sell and do a
Speaker 1: lot of things twenty four to seven. It's low fees,
Speaker 1: and folks, the gold and silver that you can invest
Speaker 1: in on this platform is fully redeemable. It is not
Speaker 1: paper gold or silver like many platforms. So if you
Speaker 1: actually want to redeem the gold bars so there's silver bars,
Speaker 1: you can do that. So this platform is legit. I
Speaker 1: have an account with them, and folks, if you sign
Speaker 1: up with my link, you can get one hundred dollars
Speaker 1: funding bonus. So if you'd like to learn more about
Speaker 1: I Trustcapital, check out the link in the description. Now, folks,
Speaker 1: the big news of the day is coming from the Nasdaq,
Speaker 1: So the Nasdaq Exchange partners would crack in exchange for
Speaker 1: issuer centric tokenized equities. We're seeing stock exchanges, banks, and
Speaker 1: the biggest financial institutions in the world moving towards tokenization.
Speaker 1: So it's amazing to see these names in the headlines.
Speaker 1: Just sometimes I have to pinch myself because I've been
Speaker 1: here since twenty sixteen. I couldn't even imagine the type
Speaker 1: of adoption we're seeing. Everyone is on board and they're
Speaker 1: looking to build on blockchain rails. So NASDAK, the world's
Speaker 1: second largest stock exchange by market capitalization, is expanding its
Speaker 1: push into tokenized equities through a partnership with crypto exchange
Speaker 1: Kraken and its infrastructure affiliate backed. The exchange said Monday
Speaker 1: it plans to support equity tokenization in a way that
Speaker 1: preserves issuer control as it looks to connect traditional market
Speaker 1: infrastructure with blockchain based networks. NASDAK has partnered with Payward,
Speaker 1: Kraken's parent company and its subsidiary backed the issuer behind
Speaker 1: x stocks, to develop an equities transformation gateway. Here's a quote.
Speaker 1: Tokenization has the potential to unlock the benefits of an
Speaker 1: always on financial system, enhancing how investors access markets, how
Speaker 1: issuers engage with shareholders. And that's that. President tel Cohen said.
Speaker 1: The plan builds on nasdaq's tokenization proposal file with the
Speaker 1: US SEC regulators in September twenty twenty five, as well
Speaker 1: as Kraken's acquisition of xtoc's issuer backed in December. This
Speaker 1: is huge, guys. Again, we've been talking about it for years.
Speaker 1: The direction is the token economy. No more opening or
Speaker 1: closing bill twenty four to seven three sixty five trading,
Speaker 1: no holidays and weekends and all that, and these assets
Speaker 1: are opened up to global markets. It's not possible right
Speaker 1: now for everyone to access to New York Soccer Change Order,
Speaker 1: NASA and the assets they have listed, but when they
Speaker 1: are on tokenized formats, it's going to be a lot easier.
Speaker 1: So more liquidity coming in, there's going to be more fractionalization.
Speaker 1: You can put the assets to work in DeFi. So
Speaker 1: a slew of benefits here, So incredible news. I mean,
Speaker 1: don't miss how big this is, folks. The biggest of
Speaker 1: the biggest here getting involved. This is a testament to
Speaker 1: the power of the blockchain. And they're not only looking
Speaker 1: to do this in the US, They're looking to do
Speaker 1: this overseas. Look at this. NASDAK links EU markets to
Speaker 1: bor Studtguard's tokenized settlement venue. So the NASDAQ said it
Speaker 1: is working with bor stutguards groups tokenized settlement platform Citurion
Speaker 1: to connect its European training venues to infrastructure designed to
Speaker 1: settle tokenized securities using distributed ledger technology. According to Monday's announcement,
Speaker 1: the collaboration will initially focus on structured products and aims
Speaker 1: to support faster settlement of tokenized assets across European capital markets.
Speaker 1: So again, this is not just a US thing. This
Speaker 1: is a global asset class, a global technology. And as
Speaker 1: I've been beating the drum on for years, the future
Speaker 1: capital markets, economies and gover are all going to run
Speaker 1: in blockchain rails. And for the first time in history,
Speaker 1: you can partake in the network and hold in respective
Speaker 1: token of the blockchains that are going to serve as
Speaker 1: the rails. Now here's some very big news. This is
Speaker 1: huge adoption news. So Aon tests stable coin payments for
Speaker 1: insurance premiums with Paxos and Coinbase. So you may say,
Speaker 1: who is Aon and I personally did not know of
Speaker 1: them before, but they are one of the world's largest
Speaker 1: insurance brokers and they're testing the use of stable coins
Speaker 1: to pay insurance payments or premiums, highlighting the growing role
Speaker 1: of digital dollars in traditional financial infrastructure following the passage
Speaker 1: of the Genius Bill last year. In a Monday announcement,
Speaker 1: UK based Aon said it completed a pilot that settled
Speaker 1: insurance premiums for clients including Coinbase and Paxos, using USDC
Speaker 1: on Ethereum and PayPal USD on Salana. So notice they're
Speaker 1: not just using one chain or one stable coin. You're
Speaker 1: can to use multiple because it's going to be a
Speaker 1: multi chain world. There's going to be many different stable
Speaker 1: coins and different tokenized assets. So this is amazing adoption.
Speaker 1: One of the largest insurance brokers right has nothing to
Speaker 1: do with crypto, but they're integrating crypto. So don't miss
Speaker 1: how big this is so. Tim Fletcher, CEO of AON
Speaker 1: Financial Services division, said the pilot reflects the company's effort
Speaker 1: to explore stable coins as a payment rail, predicting the
Speaker 1: tokenized assets will become more widely used in financial transactions.
Speaker 1: Aon said in August that its analysis showed one hundred
Speaker 1: and twenty reissuers wrote nearly two trillion dollars of gross
Speaker 1: written premium in twenty twenty four, So a lot of
Speaker 1: that volume and transaction, all these things are going to
Speaker 1: come to blockchain and the use of stable coins will
Speaker 1: be a part of that. So incredible adoption news here, guys.
Speaker 1: These are things you want to send to the cryptoskeptics
Speaker 1: and people who they don't understand. They just read certain
Speaker 1: foot headlines. Oh this is a scam or this's a ponzi. Right,
Speaker 1: they don't go beyond that. They don't educate themselves. But
Speaker 1: they need to understand how the technology is being applied,
Speaker 1: what are the benefits, and who's building with it, right,
Speaker 1: and it's probably companies that they currently use are familiar with,
Speaker 1: but they don't know. They don't go the extra step
Speaker 1: to take the time to research and educate themselves. So
Speaker 1: you want to send us these type of news items,
Speaker 1: the NASDAC news, the AON news right to those folks,
Speaker 1: I highly recommend you do that. And on the topic
Speaker 1: of adoption, look at this, banks will run RWA's on
Speaker 1: two blockchain rails, says Redstone, co founder. So again, like
Speaker 1: I was saying, multichain world right. So institutional adoption of
Speaker 1: real world assets is splitting between public and permission networks,
Speaker 1: exposing a divide between the liquidity advantages of blockchains like
Speaker 1: a theorem and privacy demands driving systems such as Canton network.
Speaker 1: The divergence is becoming more pronounced as tokenized ascids gain
Speaker 1: track among major asset managers. Marsin Casimiera Krak If I'm
Speaker 1: saying that right, co founder of blockchain oracle provider Redstone
Speaker 1: said product development is likely to occur on public blockchains,
Speaker 1: while permission systems are better suited for institutional processes that
Speaker 1: require confidentiality. Here's a quote that he gave. He said,
Speaker 1: there are some operations between institutions as simply have to
Speaker 1: stay private. And this is the value proposition that Canton
Speaker 1: offers very effectively. Now, a few things to unpack here.
Speaker 1: He's absolutely right. I've talked a lot about it that
Speaker 1: many banks and institutions will have their own internal private
Speaker 1: permission chains, but they will bridge to public chains because
Speaker 1: that's where the liquidity in the settlement will happen. But
Speaker 1: privacy is very important to many of these institutions. They
Speaker 1: can't have certain data out there now Canton, which I'm
Speaker 1: a holder of, the token I'm a holder of, and
Speaker 1: I've told you guys watch this one from a long
Speaker 1: time ago. Right. They are backed by many big Wall
Speaker 1: Street firms like Goldman, Sachs and cit and they're a
Speaker 1: public chain that has privacy built in, so that's what's
Speaker 1: unique about them, and they're getting a lot of institutional adoptions.
Speaker 1: So it's why I'm bullish on it and I hold
Speaker 1: it into my portfolio, and I think privacy is going
Speaker 1: to be a huge narrative in the next bull market
Speaker 1: as more institutions come on board. Now, security is the
Speaker 1: most important thing, but privacy is the next right because
Speaker 1: they're not going to put certain information out there on
Speaker 1: public chains where it can be exposed. So I think
Speaker 1: this is where you're going to see a lot of
Speaker 1: public chains are going to look to improve their privacy features,
Speaker 1: you know, whether it be zero knowledge proof zke or
Speaker 1: you know, some sort of side chain that they offer
Speaker 1: that has privacy. So these are the developments that are
Speaker 1: going to happen. But I think this is spot on.
Speaker 1: You know, institutions are definitely going to want privacy, but
Speaker 1: are obviously going to leverage public chains. Okay, moving ahead,
Speaker 1: the EUS regulated blockchain securities market ads first bank particip
Speaker 1: so the development and innovation continues around the globe. So Amina,
Speaker 1: a Swiss regulated crypto bank, has joined a blockchain based
Speaker 1: settlement platform for token is securities operating under the European
Speaker 1: Union's DLT pilot regime, marking another step toward integrating digital
Speaker 1: asset infrastructure with traditional capital markets. The Zug, Switzerland based
Speaker 1: company announced Monday that it has become a listing sponsor
Speaker 1: on the EU regulated platform twenty one x, making Amina
Speaker 1: the venue's first fully regulated bank participant. Amina said the
Speaker 1: move will allow it to support companies issuing token is
Speaker 1: securities on twenty one x through its partnership with tokenne if.
Speaker 1: I'm saying that right, a Luxemberg based company that provides
Speaker 1: technology for creating and managing Tokeni's financial assets. Guys. The innovation,
Speaker 1: the development that's happening, and it's not just the private
Speaker 1: sector but also the public. You've got the government and
Speaker 1: the private sector working together. So this is incredible stuff.
Speaker 1: Now look at this news. Stable cooin payment startup casts
Speaker 1: raises eighty million dollars at a six hundred million dollar valuation.
Speaker 1: So not only are you seeing innovation, you're seeing expansion, mergers, acquisitions,
Speaker 1: and huge investments as everybody is looking to take their
Speaker 1: bets to build the infrastructure for what's to come. Right,
Speaker 1: So stablecoin Payments CASS has raised eighty million dollars in
Speaker 1: a funding round that values the company at six hundred
Speaker 1: million dollars, according to a Bloomberg report on Monday, citing
Speaker 1: people familiar with the matter, The round was led by
Speaker 1: QED Investors and left Lane Capital, and CASS expects an
Speaker 1: annual revenue run rate of one hundred million dollars in
Speaker 1: twenty twenty six. According to Bloomberg. The company reported plans
Speaker 1: to use the funding to expand across North America, Latin America,
Speaker 1: and Middle East, while also adding staff, securing licenses, and
Speaker 1: developing new products. The raise is the latest sign that
Speaker 1: investor appetite for stable coin focused payment firms remain strong,
Speaker 1: even as the broader crypto markets have pulled back in
Speaker 1: the recent months. So I think everybody recognizes that stable
Speaker 1: coins are here to stay. And obviously, with the Genius
Speaker 1: Act passed in the United States, the race is on.
Speaker 1: So you're seeing investments, development, innovations, partnerships, lots happening. It's
Speaker 1: pretty exciting. And I think once we have the Clarity
Speaker 1: Act pass, you know, as I've been saying, that's going
Speaker 1: to kick off the super cycle because that has the
Speaker 1: meat and potatoes, all the different moving parts and components
Speaker 1: for crypto, and it's going to allow the trillions that's
Speaker 1: sitting on the sidelines to come in and allow these
Speaker 1: institutions to do more building and go beyond just piloting
Speaker 1: and testing but into production. Right, So this is why
Speaker 1: we need that Clarity Act pass. Man. We got to
Speaker 1: get that done, especially this year, and get it done
Speaker 1: ahead of time of the next bull market, right because
Speaker 1: right now we're in a bear market. We're gonna bottom out,
Speaker 1: but then we're gonna slowly start to move our way
Speaker 1: out and then we're going to be back in a
Speaker 1: bull cycle before you know it. But if you don't
Speaker 1: have the Clarity Act, you know, we need that, we
Speaker 1: need to go to the next level, and again I
Speaker 1: think that kicks off the super cycle of this market. So, folks,
Speaker 1: that's the news. Let me know what you're saying. Some
Speaker 1: very big items here, very bullish news. Leave your thoughts
Speaker 1: and comments below. Subscribe if you haven't as yet, folks,
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Speaker 1: thank you so much for tuning in. I appreciate you all,
Speaker 1: and I'll talk to you all later.