WEBVTT

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<v Speaker 1>You won't believe what Bitcoin Maxi Michael Sailor had to

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<v Speaker 1>say about all coins being added to the crypto reserve.

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<v Speaker 1>It's shocking. I'll share to clip with you, and the

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<v Speaker 1>SEC drops more crypto cases and they will be live

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<v Speaker 1>streaming their first crypto roundtable. And tomorrow is a big

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<v Speaker 1>vote in the Senate against the IRS DeFi broker rule.

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<v Speaker 1>I'll give you the details. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

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

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<v Speaker 1>way in. Please let that subscribe button as well as

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<v Speaker 1>a thumbs up button and leave a comment below. If

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

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<v Speaker 1>please leave a five star rating and review. Folks, Big

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<v Speaker 1>news around Michael Sailor, the Bitcoin Maxi himself. Many of

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<v Speaker 1>you know Michael Sailor is a big believer in bitcoin.

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<v Speaker 1>His company's strategy, which used to be known as micro Strategy,

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<v Speaker 1>has bought a significant amount of bitcoin. They are approaching

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<v Speaker 1>half a billion in bitcoin, they're approaching five hundred million,

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<v Speaker 1>and they have used a lot of leverage and much more.

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<v Speaker 1>Now Michael Sailor in the past has trashed all coins.

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<v Speaker 1>He has come out and said they're all securities. He's

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<v Speaker 1>gone on podcasts and said this. Last year, he had

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<v Speaker 1>a whole event where he trashed Etheroreum and all the

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<v Speaker 1>all coins, saying the regulator will never allow all coin ETFs.

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<v Speaker 1>You won't see an ETHEREMYTF an XRP etf. And of

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<v Speaker 1>course he was brutally wrong, but we not this guys, right,

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<v Speaker 1>Bitcoin maximalism is a religious movement and it is one

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<v Speaker 1>that is very wrong. But this is why you don't

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<v Speaker 1>come to an acid and treated as a religion. It's

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<v Speaker 1>a technology. You have the ability to invest in it

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<v Speaker 1>and make returns. Now, crypto, as you all know, is

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<v Speaker 1>still very young, very early, So that's why there's significant

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<v Speaker 1>upside here and bitcoin maxi's continue to look like fools

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<v Speaker 1>because they're treating the asset like a religion. And what

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<v Speaker 1>we saw today Sailor went on CNBC. He was asked

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<v Speaker 1>about Trump adding all coins like XRP, Salon, Cardono and

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<v Speaker 1>more into the crypto reserve. Let me played a clip

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<v Speaker 1>for you so you can hear what he had to say.

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<v Speaker 2>So, were you surprised that in the announcement over the weekend.

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<v Speaker 2>The President mentioned other smaller coins like XRP, Solana, and Cardano,

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<v Speaker 2>as well as Bitcoin for the Strategic Crypto Fund.

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<v Speaker 3>I'm not surprised. I mean, I think there there's no

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<v Speaker 3>way to interpret this other than this is bullish for

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<v Speaker 3>bitcoin and is bullish for the entire US crypto industry.

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<v Speaker 3>You know, there are conservatives that view the right path

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<v Speaker 3>forward is just a bitcoin only policy, because bitcoin is

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<v Speaker 3>a commodity and asset without an issue, or a neutral asset,

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<v Speaker 3>and there's no controversy. But the President's adopted a more

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<v Speaker 3>liberal economic policy and that's his right. He's president the

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<v Speaker 3>United States. Yeah.

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<v Speaker 2>No, I'm sure you would have preferred it, though if

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<v Speaker 2>it was a bitcoin only fund.

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<v Speaker 3>You know, I believe that the best thing for the

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<v Speaker 3>country is to move forward with an enlightened, progressive policy

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<v Speaker 3>toward digital assets. I think it's worth one hundred trillion

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<v Speaker 3>dollars to the United States, And ultimately there's four different

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<v Speaker 3>assets that people need to come to grips with a

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<v Speaker 3>digital commodity like a bitcoin, an asset without an issuer

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<v Speaker 3>back by digital power, A digital currency like a stable

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<v Speaker 3>coin back by a fiat currency equivalent a digital security,

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<v Speaker 3>an asset with an issuer back by a stock or

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<v Speaker 3>a bond, so we can tokenize Wall Street. And then

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<v Speaker 3>a digital token, which is an asset with an issuer

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<v Speaker 3>that's backed by digital utility. I think everybody's trying to

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<v Speaker 3>come to grips with that taxonomy, and as the market

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<v Speaker 3>gets more educated, we're going to see more progressive, constructive

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<v Speaker 3>policy engagement.

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<v Speaker 1>Wow, folks, a very different Michael Siller, very different tone,

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<v Speaker 1>very different talking points. The man used to trash all

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<v Speaker 1>coins saying, look, this is all part of the crypto

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<v Speaker 1>acid class and this is all good for bitcoin anyway.

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<v Speaker 1>And the President has decided to go with a more

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<v Speaker 1>liberal view versus conservative view on these assets. Wow. Talk

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<v Speaker 1>about capitulation, guys, We were right all along. Maximalism for

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<v Speaker 1>bitcoin or any other token is stupid. The future is

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<v Speaker 1>multi chain. There's going to be many different blockchains used

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<v Speaker 1>around the globe, and they're going to be used to

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<v Speaker 1>power the markets and the economy. And bitcoin is just

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<v Speaker 1>one piece of the puzzle. Bitcoin is a great asset,

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<v Speaker 1>a great store of value, digital goal, and it's here

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<v Speaker 1>to stay. But it doesn't do all the other things.

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<v Speaker 1>Many of these other blockchains too, so Michael was forced

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<v Speaker 1>to capitulate. Is he going to go against Trump and

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<v Speaker 1>many of the government administration, of folks in Congress and

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<v Speaker 1>much more who are pro crypto not just pro bitcoin?

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<v Speaker 1>Of course not. And of course he has egg on

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<v Speaker 1>his face because he said a lot of nonsense over

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<v Speaker 1>the years against all coins and saying they won't be

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<v Speaker 1>ETPs and much more. He's been completely wrong. So guys,

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<v Speaker 1>I hope you see what's happening here. This is a

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<v Speaker 1>big time capitulation. If you hold all coins, you should

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<v Speaker 1>be happy to see this because Michael Saylor, while he's

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<v Speaker 1>buying a lot of bigcoin, he's also lobbying in DC.

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<v Speaker 1>He was doing that for years, trying to lobby against

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<v Speaker 1>all coins. Of course, because he's talking his book. He's

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<v Speaker 1>playing up his book because he only holds bitcoin. But

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<v Speaker 1>he has lost the battle here. Cryptos here to stay.

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<v Speaker 1>As mentioned, it will be a multi chain world. So

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<v Speaker 1>this is just huge news, guys, big big news here. Now.

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<v Speaker 1>Today I tweeted out that a lot of bitcoin maxis

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<v Speaker 1>are in shambles because those who held up Sailor as

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<v Speaker 1>a god right they worshiped this guy now have to

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<v Speaker 1>come to grips what's going on here? And of course

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<v Speaker 1>many are still crying about Donald Trump mentioning that all

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<v Speaker 1>coins will be in the crypto reserve. So pray for

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<v Speaker 1>your local Bitcoin maxie. They're probably having mental breakdowns right now.

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<v Speaker 1>Now guys, the SEC continues to dismiss lawsuits. Amazing what

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<v Speaker 1>hester person the Crypto Task Force is doing. So Yuga

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<v Speaker 1>Labs announced today that after three plus years, the SEC

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<v Speaker 1>has officially closed its investigation into Yuga Labs. They are

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<v Speaker 1>NFT creator platform guys, so this is really great for

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<v Speaker 1>NFTs and of course NFTs are not securities. And also,

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<v Speaker 1>as I mentioned in the livestream this morning, the SEC

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<v Speaker 1>dropped the case against Kracken. This is a significant one

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<v Speaker 1>because there were many tokens that were listed in the

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<v Speaker 1>Kraken exchange lawsuit and Kracken was further along in their

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<v Speaker 1>lawsuit with the SEC. And this was actually the second

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<v Speaker 1>time they got sued. They first got sued for staking,

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<v Speaker 1>they settled, they paid fifty million dollars, and then the SEC,

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<v Speaker 1>Gary Ginser, still came after them. Right, That's why Gary

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<v Speaker 1>Ginser's a scumbag. I think this case was very significant

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<v Speaker 1>right behind coinbase, and I think the bigger one, of course,

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<v Speaker 1>is Ripple, which I'm hoping guys, fingers crossed we can

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<v Speaker 1>hear this week. It'll be awesome if the SEC continued

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<v Speaker 1>this momentum here and we hear that there's some sort

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<v Speaker 1>of pause or or things are wrapped up with the

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<v Speaker 1>Ripple case. So let's be patient. You can see these

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<v Speaker 1>things are still being worked on and things are progressing.

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<v Speaker 1>That's a good sign. Hester Person is doing a great job. Now,

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<v Speaker 1>some very good news in transparency from the SEC. So

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<v Speaker 1>the Crypto Task Force is going to host its first

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<v Speaker 1>ever roundtable on security status and they are going to

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<v Speaker 1>live stream this guys. So this is really great. It

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<v Speaker 1>will be on March twenty first, and you're gonna have

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<v Speaker 1>industry leaders there, so guys, I love it. This is

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<v Speaker 1>this is amazing. And SEC Commissioner hester Person also announced

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<v Speaker 1>the full Task Force staffers who are advising the Commission

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<v Speaker 1>on matters relating to digital assets. I love this transparency.

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<v Speaker 1>This is what you gotta do, man, This is amazing.

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<v Speaker 1>The government works for us, guys. They use our tax

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<v Speaker 1>dollars and we should have had this transparency in place

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<v Speaker 1>years ago. But shout out to hester Perch. You got

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<v Speaker 1>to give your credit crypto mom doing doing an amazing job. Now,

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<v Speaker 1>something that's interesting. The SEC is offering eligible employees fifty

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<v Speaker 1>thousand dollars incentive to resign or retire by April fourth. Wow,

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<v Speaker 1>so you know, I tweeted out, will Jorge Tanaro, the

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<v Speaker 1>Gary Ginser brownoser himself take this offer? Because remember he

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<v Speaker 1>got pushed over to the IT Department. I think this

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<v Speaker 1>offer is for those people who are part of the

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<v Speaker 1>Enforcement Division that were under Gary Ginster and they all

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<v Speaker 1>got moved dispersed to different parts of the SEC. This

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<v Speaker 1>could be their way out. So interesting. Think how things

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<v Speaker 1>are changing here, guys. Very bullish overall in the market.

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<v Speaker 1>I know some of you are gonna say, Tony, how

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<v Speaker 1>are you bullish? Have a macro view. I know the

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<v Speaker 1>market volatility right now is a bit crazy, but it's

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<v Speaker 1>all noise from the macro perspective. And if you didn't

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<v Speaker 1>catch my live stream this morning, go check it out.

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<v Speaker 1>We covered the charts and much more. Guys. Now, quick

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<v Speaker 1>word from our sponsor and that is Uphold. Uphold is

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<v Speaker 1>a great crypto platform I've been using since twenty eighteen.

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<v Speaker 1>They have a ton of cryptocurrencies, over three hundred cryptocurrencies,

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<v Speaker 1>Bitcoin and all the top all coins. You can also

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<v Speaker 1>stake on this platform and much more. And guys, they

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<v Speaker 1>are safe to use and easy to use, and they

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<v Speaker 1>are fully reserved. They don't commingle or lend out your funds,

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<v Speaker 1>and you can review their transparency report. And guys, they

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<v Speaker 1>have a great rewards program where you can earn up

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<v Speaker 1>to five point two five percent on stable coins. This

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<v Speaker 1>reward program also allows you to get twenty four hour

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<v Speaker 1>early access to new tokens and exclusive insights. And to

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<v Speaker 1>participate in the program, you simply have to do the

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<v Speaker 1>following once per month, open the app, deposit fifty dollars

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<v Speaker 1>and trade fifty dollars. The stable coins you can earn

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<v Speaker 1>the rewards on include Circles, USDC, Ripples r L, USD,

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<v Speaker 1>and Paypals p YUSD. You get five percent on all

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<v Speaker 1>three of those, and you can get five point two

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<v Speaker 1>five percent on USBC. So a great program. So guys,

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<v Speaker 1>if you'd like to learn more about Uphold, check out

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<v Speaker 1>the link in the description. Now, Guys, I mentioned this

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<v Speaker 1>news earlier on a livestream, but I want to rehash

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<v Speaker 1>it again because it's important. Congressman Tom Emer who I've

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<v Speaker 1>had on the podcast many times. Him and Congressman Richie Torres,

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<v Speaker 1>a Democrat, have launched the Congressional Crypto Caucus. So you

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<v Speaker 1>love to see the bipartisan support here, guys, and they're

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<v Speaker 1>going to help to push through crypto legislation and much more.

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<v Speaker 1>I love it. I'm going to try to get Tom

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<v Speaker 1>Emmer back on the podcast to talk about this. And tomorrow, guys,

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<v Speaker 1>there is a big hearing in the Senate, a vote

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<v Speaker 1>actually to overturn the irs DeFi broker rule, and it's

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<v Speaker 1>being headed up by Senator Ted Cruz, and Taylor Barr

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<v Speaker 1>of the Digital Chamber said, as a reminder, only a

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<v Speaker 1>simply majority is needed to pass CRA's meaning it's likely

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<v Speaker 1>to pass. So this is good to get this irsdfive

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<v Speaker 1>broker rule out of here. It is not in line

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<v Speaker 1>with how crypto works, so very good news. Eleanor Turrett

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<v Speaker 1>of Fox Business gave a bit more context to this,

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<v Speaker 1>saying Republican Senator Ted Cruz is hoping to bring this

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<v Speaker 1>CRA Congressional Review Act to repeat the IRIS Broker Rule

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<v Speaker 1>to the Senate floor tomorrow. A vote on the motion

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<v Speaker 1>to proceed is slated for around eleven Am Eastern as

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<v Speaker 1>for a source, Cruise's team is hoping to move to

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<v Speaker 1>a final vote on the matter by tomorrow afternoon slash evening,

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<v Speaker 1>but the state of the union could potentially push it

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<v Speaker 1>back to later this week. So it's a big week, guys.

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<v Speaker 1>There's a lot of stuff going on, and the big

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<v Speaker 1>one is, of course, the White House Cryptos summit coming

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<v Speaker 1>up on Friday, March seventh, so we'll have to wait

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<v Speaker 1>and see what the outcome is there. But guys, this

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<v Speaker 1>setup is beautiful for the bull run to continue. Don't

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<v Speaker 1>be dismayed by the volatility and the price action. Some

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<v Speaker 1>people were screaming manipulation today with the complete reversal of

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<v Speaker 1>the pump we saw yesterday, and it seems like there's

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<v Speaker 1>a bit of manipulation. But look, the stock market is

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<v Speaker 1>also selling off, so there's a bit of pressure from

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<v Speaker 1>the macro overall. But in the macro, as mentioned before,

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<v Speaker 1>it is just noise. Guys, we're headed to higher highs.

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<v Speaker 1>Be paid pay attention to the data. No, there has

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<v Speaker 1>been no invalidation of the bullmarket, just a whole lot

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<v Speaker 1>of volatility that we got a stomach. It is what

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<v Speaker 1>it is. I've seen this many times before I've been

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<v Speaker 1>here this is this is my third bull market guys,

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<v Speaker 1>so I've seen things like this and remember to check

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<v Speaker 1>your emotions and look at the data. So, guys, that's

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<v Speaker 1>the news. Let me know what you think. Leave your

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<v Speaker 1>thoughts and comments below hit the thumbs up button. A

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<v Speaker 1>great way you can support me in the podcast is

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<v Speaker 1>by subscribing to my free email newsletter. It's on Substack

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<v Speaker 1>one hundred percent free. Check out my book on Amazon.

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<v Speaker 1>It's available in paperback in digital, and also check out

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<v Speaker 1>my new course at Mycrypto course dot com. This is

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<v Speaker 1>expert commentary. You are going to hear from founders, CEOs,

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<v Speaker 1>institutional investors and many others explaining the different aspects of

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<v Speaker 1>crypto guys. And you pay a one time fee for

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<v Speaker 1>in with your friends and found only if you want

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<v Speaker 1>and learn about all the different aspects of crypto guys.

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<v Speaker 1>I talk about market cycles and everything. You can view

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<v Speaker 1>the full course curriculum on the website to see what's included,

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<v Speaker 1>and it includes videos, downloadable materials, full text write ups,

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<v Speaker 1>and much more. So if you'd like to learn more,

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<v Speaker 1>go to mycryptocourse dot com. The guys thank you so

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<v Speaker 1>much for watching and listening. I appreciate you all, and

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<v Speaker 1>I'll talk to you all later
