Speaker 1: You won't believe what Bitcoin Maxi Michael Sailor had to
Speaker 1: say about all coins being added to the crypto reserve.
Speaker 1: It's shocking. I'll share to clip with you, and the
Speaker 1: SEC drops more crypto cases and they will be live
Speaker 1: streaming their first crypto roundtable. And tomorrow is a big
Speaker 1: vote in the Senate against the IRS DeFi broker rule.
Speaker 1: I'll give you the details. Let's get into it. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto podcast. You're home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in. Please let that subscribe button as well as
Speaker 1: a thumbs up button and leave a comment below. If
Speaker 1: you're listening on a podcast platform such as Spotify or Apple,
Speaker 1: please leave a five star rating and review. Folks, Big
Speaker 1: news around Michael Sailor, the Bitcoin Maxi himself. Many of
Speaker 1: you know Michael Sailor is a big believer in bitcoin.
Speaker 1: His company's strategy, which used to be known as micro Strategy,
Speaker 1: has bought a significant amount of bitcoin. They are approaching
Speaker 1: half a billion in bitcoin, they're approaching five hundred million,
Speaker 1: and they have used a lot of leverage and much more.
Speaker 1: Now Michael Sailor in the past has trashed all coins.
Speaker 1: He has come out and said they're all securities. He's
Speaker 1: gone on podcasts and said this. Last year, he had
Speaker 1: a whole event where he trashed Etheroreum and all the
Speaker 1: all coins, saying the regulator will never allow all coin ETFs.
Speaker 1: You won't see an ETHEREMYTF an XRP etf. And of
Speaker 1: course he was brutally wrong, but we not this guys, right,
Speaker 1: Bitcoin maximalism is a religious movement and it is one
Speaker 1: that is very wrong. But this is why you don't
Speaker 1: come to an acid and treated as a religion. It's
Speaker 1: a technology. You have the ability to invest in it
Speaker 1: and make returns. Now, crypto, as you all know, is
Speaker 1: still very young, very early, So that's why there's significant
Speaker 1: upside here and bitcoin maxi's continue to look like fools
Speaker 1: because they're treating the asset like a religion. And what
Speaker 1: we saw today Sailor went on CNBC. He was asked
Speaker 1: about Trump adding all coins like XRP, Salon, Cardono and
Speaker 1: more into the crypto reserve. Let me played a clip
Speaker 1: for you so you can hear what he had to say.
Speaker 2: So, were you surprised that in the announcement over the weekend.
Speaker 2: The President mentioned other smaller coins like XRP, Solana, and Cardano,
Speaker 2: as well as Bitcoin for the Strategic Crypto Fund.
Speaker 3: I'm not surprised. I mean, I think there there's no
Speaker 3: way to interpret this other than this is bullish for
Speaker 3: bitcoin and is bullish for the entire US crypto industry.
Speaker 3: You know, there are conservatives that view the right path
Speaker 3: forward is just a bitcoin only policy, because bitcoin is
Speaker 3: a commodity and asset without an issue, or a neutral asset,
Speaker 3: and there's no controversy. But the President's adopted a more
Speaker 3: liberal economic policy and that's his right. He's president the
Speaker 3: United States. Yeah.
Speaker 2: No, I'm sure you would have preferred it, though if
Speaker 2: it was a bitcoin only fund.
Speaker 3: You know, I believe that the best thing for the
Speaker 3: country is to move forward with an enlightened, progressive policy
Speaker 3: toward digital assets. I think it's worth one hundred trillion
Speaker 3: dollars to the United States, And ultimately there's four different
Speaker 3: assets that people need to come to grips with a
Speaker 3: digital commodity like a bitcoin, an asset without an issuer
Speaker 3: back by digital power, A digital currency like a stable
Speaker 3: coin back by a fiat currency equivalent a digital security,
Speaker 3: an asset with an issuer back by a stock or
Speaker 3: a bond, so we can tokenize Wall Street. And then
Speaker 3: a digital token, which is an asset with an issuer
Speaker 3: that's backed by digital utility. I think everybody's trying to
Speaker 3: come to grips with that taxonomy, and as the market
Speaker 3: gets more educated, we're going to see more progressive, constructive
Speaker 3: policy engagement.
Speaker 1: Wow, folks, a very different Michael Siller, very different tone,
Speaker 1: very different talking points. The man used to trash all
Speaker 1: coins saying, look, this is all part of the crypto
Speaker 1: acid class and this is all good for bitcoin anyway.
Speaker 1: And the President has decided to go with a more
Speaker 1: liberal view versus conservative view on these assets. Wow. Talk
Speaker 1: about capitulation, guys, We were right all along. Maximalism for
Speaker 1: bitcoin or any other token is stupid. The future is
Speaker 1: multi chain. There's going to be many different blockchains used
Speaker 1: around the globe, and they're going to be used to
Speaker 1: power the markets and the economy. And bitcoin is just
Speaker 1: one piece of the puzzle. Bitcoin is a great asset,
Speaker 1: a great store of value, digital goal, and it's here
Speaker 1: to stay. But it doesn't do all the other things.
Speaker 1: Many of these other blockchains too, so Michael was forced
Speaker 1: to capitulate. Is he going to go against Trump and
Speaker 1: many of the government administration, of folks in Congress and
Speaker 1: much more who are pro crypto not just pro bitcoin?
Speaker 1: Of course not. And of course he has egg on
Speaker 1: his face because he said a lot of nonsense over
Speaker 1: the years against all coins and saying they won't be
Speaker 1: ETPs and much more. He's been completely wrong. So guys,
Speaker 1: I hope you see what's happening here. This is a
Speaker 1: big time capitulation. If you hold all coins, you should
Speaker 1: be happy to see this because Michael Saylor, while he's
Speaker 1: buying a lot of bigcoin, he's also lobbying in DC.
Speaker 1: He was doing that for years, trying to lobby against
Speaker 1: all coins. Of course, because he's talking his book. He's
Speaker 1: playing up his book because he only holds bitcoin. But
Speaker 1: he has lost the battle here. Cryptos here to stay.
Speaker 1: As mentioned, it will be a multi chain world. So
Speaker 1: this is just huge news, guys, big big news here. Now.
Speaker 1: Today I tweeted out that a lot of bitcoin maxis
Speaker 1: are in shambles because those who held up Sailor as
Speaker 1: a god right they worshiped this guy now have to
Speaker 1: come to grips what's going on here? And of course
Speaker 1: many are still crying about Donald Trump mentioning that all
Speaker 1: coins will be in the crypto reserve. So pray for
Speaker 1: your local Bitcoin maxie. They're probably having mental breakdowns right now.
Speaker 1: Now guys, the SEC continues to dismiss lawsuits. Amazing what
Speaker 1: hester person the Crypto Task Force is doing. So Yuga
Speaker 1: Labs announced today that after three plus years, the SEC
Speaker 1: has officially closed its investigation into Yuga Labs. They are
Speaker 1: NFT creator platform guys, so this is really great for
Speaker 1: NFTs and of course NFTs are not securities. And also,
Speaker 1: as I mentioned in the livestream this morning, the SEC
Speaker 1: dropped the case against Kracken. This is a significant one
Speaker 1: because there were many tokens that were listed in the
Speaker 1: Kraken exchange lawsuit and Kracken was further along in their
Speaker 1: lawsuit with the SEC. And this was actually the second
Speaker 1: time they got sued. They first got sued for staking,
Speaker 1: they settled, they paid fifty million dollars, and then the SEC,
Speaker 1: Gary Ginser, still came after them. Right, That's why Gary
Speaker 1: Ginser's a scumbag. I think this case was very significant
Speaker 1: right behind coinbase, and I think the bigger one, of course,
Speaker 1: is Ripple, which I'm hoping guys, fingers crossed we can
Speaker 1: hear this week. It'll be awesome if the SEC continued
Speaker 1: this momentum here and we hear that there's some sort
Speaker 1: of pause or or things are wrapped up with the
Speaker 1: Ripple case. So let's be patient. You can see these
Speaker 1: things are still being worked on and things are progressing.
Speaker 1: That's a good sign. Hester Person is doing a great job. Now,
Speaker 1: some very good news in transparency from the SEC. So
Speaker 1: the Crypto Task Force is going to host its first
Speaker 1: ever roundtable on security status and they are going to
Speaker 1: live stream this guys. So this is really great. It
Speaker 1: will be on March twenty first, and you're gonna have
Speaker 1: industry leaders there, so guys, I love it. This is
Speaker 1: this is amazing. And SEC Commissioner hester Person also announced
Speaker 1: the full Task Force staffers who are advising the Commission
Speaker 1: on matters relating to digital assets. I love this transparency.
Speaker 1: This is what you gotta do, man, This is amazing.
Speaker 1: The government works for us, guys. They use our tax
Speaker 1: dollars and we should have had this transparency in place
Speaker 1: years ago. But shout out to hester Perch. You got
Speaker 1: to give your credit crypto mom doing doing an amazing job. Now,
Speaker 1: something that's interesting. The SEC is offering eligible employees fifty
Speaker 1: thousand dollars incentive to resign or retire by April fourth. Wow,
Speaker 1: so you know, I tweeted out, will Jorge Tanaro, the
Speaker 1: Gary Ginser brownoser himself take this offer? Because remember he
Speaker 1: got pushed over to the IT Department. I think this
Speaker 1: offer is for those people who are part of the
Speaker 1: Enforcement Division that were under Gary Ginster and they all
Speaker 1: got moved dispersed to different parts of the SEC. This
Speaker 1: could be their way out. So interesting. Think how things
Speaker 1: are changing here, guys. Very bullish overall in the market.
Speaker 1: I know some of you are gonna say, Tony, how
Speaker 1: are you bullish? Have a macro view. I know the
Speaker 1: market volatility right now is a bit crazy, but it's
Speaker 1: all noise from the macro perspective. And if you didn't
Speaker 1: catch my live stream this morning, go check it out.
Speaker 1: We covered the charts and much more. Guys. Now, quick
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Speaker 1: the link in the description. Now, Guys, I mentioned this
Speaker 1: news earlier on a livestream, but I want to rehash
Speaker 1: it again because it's important. Congressman Tom Emer who I've
Speaker 1: had on the podcast many times. Him and Congressman Richie Torres,
Speaker 1: a Democrat, have launched the Congressional Crypto Caucus. So you
Speaker 1: love to see the bipartisan support here, guys, and they're
Speaker 1: going to help to push through crypto legislation and much more.
Speaker 1: I love it. I'm going to try to get Tom
Speaker 1: Emmer back on the podcast to talk about this. And tomorrow, guys,
Speaker 1: there is a big hearing in the Senate, a vote
Speaker 1: actually to overturn the irs DeFi broker rule, and it's
Speaker 1: being headed up by Senator Ted Cruz, and Taylor Barr
Speaker 1: of the Digital Chamber said, as a reminder, only a
Speaker 1: simply majority is needed to pass CRA's meaning it's likely
Speaker 1: to pass. So this is good to get this irsdfive
Speaker 1: broker rule out of here. It is not in line
Speaker 1: with how crypto works, so very good news. Eleanor Turrett
Speaker 1: of Fox Business gave a bit more context to this,
Speaker 1: saying Republican Senator Ted Cruz is hoping to bring this
Speaker 1: CRA Congressional Review Act to repeat the IRIS Broker Rule
Speaker 1: to the Senate floor tomorrow. A vote on the motion
Speaker 1: to proceed is slated for around eleven Am Eastern as
Speaker 1: for a source, Cruise's team is hoping to move to
Speaker 1: a final vote on the matter by tomorrow afternoon slash evening,
Speaker 1: but the state of the union could potentially push it
Speaker 1: back to later this week. So it's a big week, guys.
Speaker 1: There's a lot of stuff going on, and the big
Speaker 1: one is, of course, the White House Cryptos summit coming
Speaker 1: up on Friday, March seventh, so we'll have to wait
Speaker 1: and see what the outcome is there. But guys, this
Speaker 1: setup is beautiful for the bull run to continue. Don't
Speaker 1: be dismayed by the volatility and the price action. Some
Speaker 1: people were screaming manipulation today with the complete reversal of
Speaker 1: the pump we saw yesterday, and it seems like there's
Speaker 1: a bit of manipulation. But look, the stock market is
Speaker 1: also selling off, so there's a bit of pressure from
Speaker 1: the macro overall. But in the macro, as mentioned before,
Speaker 1: it is just noise. Guys, we're headed to higher highs.
Speaker 1: Be paid pay attention to the data. No, there has
Speaker 1: been no invalidation of the bullmarket, just a whole lot
Speaker 1: of volatility that we got a stomach. It is what
Speaker 1: it is. I've seen this many times before I've been
Speaker 1: here this is this is my third bull market guys,
Speaker 1: so I've seen things like this and remember to check
Speaker 1: your emotions and look at the data. So, guys, that's
Speaker 1: the news. Let me know what you think. Leave your
Speaker 1: thoughts and comments below hit the thumbs up button. A
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Speaker 1: go to mycryptocourse dot com. The guys thank you so
Speaker 1: much for watching and listening. I appreciate you all, and
Speaker 1: I'll talk to you all later