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: it is going to be a volatile week. We're going
Speaker 1: to hear from the Fed Jerome Powell, and they're going
Speaker 1: to advise us if they are indeed cutting rates. Now
Speaker 1: many folks are expecting that the Fed is going to
Speaker 1: cut and it's going to be twenty five basis points.
Speaker 1: So that's going to come up on Wednesday. We're going
Speaker 1: to hear around two pm. You guys know the usual schedule.
Speaker 1: But of course, any week there's an FOMC meeting or hearing,
Speaker 1: there's a lot of volatility. You can't really judge the
Speaker 1: market right, and I think whales play with people's emotions
Speaker 1: and they pump and then they fake us out and
Speaker 1: they dump on us and much more so expect volatility.
Speaker 1: We're really going to have to wait for the settle
Speaker 1: to see what's going to happen. But you know, CME
Speaker 1: group FED futures, everybody's expecting the twenty five basis points cut.
Speaker 1: It's currently a ninety six point four percent. Now, the
Speaker 1: Fed could surprise us by doing fifty basis points, and
Speaker 1: I think that could be very bullish. But as I've
Speaker 1: said recently, it could be a double edged sword where
Speaker 1: people see that level of a cut being you know,
Speaker 1: bad in a sense that the economy is not in
Speaker 1: a great place, which I don't think it is. I
Speaker 1: think we're in a light recession and the FED is panicking, right,
Speaker 1: so let's see what happens. Nevertheless, you know, the macro
Speaker 1: thesis of the bullmarket's still in play. Global liquidity continues
Speaker 1: to be one of the key indicators, and that, as
Speaker 1: I've been saying guys, is on the rise again. It
Speaker 1: has recovered, but it hasn't broken the all time high yet.
Speaker 1: I think it will, so we have to be patient here.
Speaker 1: What we are seeing is that all coins are on
Speaker 1: the move, even the stock markets on the move. The
Speaker 1: S and P five hundred, the NASDA can much more
Speaker 1: continue to make new highs. So again, the macro bullmarket's
Speaker 1: still in Tech and gold. We talked about gold in
Speaker 1: yesterday's podcast and that it has been on a tear,
Speaker 1: but I think it's topping out. It's in the overbought zone,
Speaker 1: so we should expect to see a correction and the
Speaker 1: rotation of liquidity. If you look at Total three for
Speaker 1: the all coins that has been on the rise as well,
Speaker 1: we've been seeing a lot of all coins move, but
Speaker 1: we're seeing a bit of a correction right now. And
Speaker 1: you know, over the past week or so, if you
Speaker 1: look at the top ten or fifteen, Solana, dogecoin, and
Speaker 1: many other all coins have been ripping, I think even
Speaker 1: avax here. So you're seeing life, but we're not seeing
Speaker 1: parabolic moves yet right clearly, And there's not this massive
Speaker 1: bullish sentiment out there. Don't get me wrong. People are bullish,
Speaker 1: but it's not your Fouria bullish, right, So those things
Speaker 1: come when you get into the final stages of the bullmarket. Now,
Speaker 1: with this situation of global liquidity starting to recover, as
Speaker 1: I've been telling you guys, I think this bull market
Speaker 1: could potentially extend into twenty twenty six, and that Q
Speaker 1: four could be a local top. No guarantees, We're going
Speaker 1: to have to wait and see, but I think Arthur Hayes,
Speaker 1: the bit mechs co founder, and he definitely understands the macro.
Speaker 1: He was on an interview recently and he said the
Speaker 1: same thing. He thinks money printing is going to extend
Speaker 1: the cryptocycle into twenty twenty six. So once again, no guarantees,
Speaker 1: there's no nothing. We don't know one has a crystal ball,
Speaker 1: not me, not Arthur, not anyone else. But we're going
Speaker 1: to look at the data at least and not our
Speaker 1: emotions and make our decisions based on that. And obviously
Speaker 1: we have to wait for certain data to keep updating,
Speaker 1: like global liquidity, but all the other signals that we
Speaker 1: usually track they're not flashing. So again we're not just
Speaker 1: using one metric, We're using multiple and the major one
Speaker 1: I think is global liquidity. So folks hang in there.
Speaker 1: You know, at the beginning of September, I said, look,
Speaker 1: first half of September, I think we are going to
Speaker 1: be not in a good place. They're going to see
Speaker 1: corrections and much more. Second half things start to bottom
Speaker 1: out and we start climbing, and in October we start
Speaker 1: hitting new highs. I could be wrong, but that's what
Speaker 1: I'm thinking based on what we're seeing in the market.
Speaker 1: So patience is the key. My friends now investment giant
Speaker 1: Capital Group's one billion dollar bet on bitcoin treasuries balloons
Speaker 1: to six billion dollars. So we continue to see lots
Speaker 1: of capital flowing into the crypto market in different ways,
Speaker 1: digital acid treasury companies ETFs directly into crypto projects, into
Speaker 1: IPOs and too, crypto infrastructure companies, and much more so.
Speaker 1: Capital Group, a ninety four year old mutual fund powerhouse
Speaker 1: known for its conservative investment approach, has grown a one
Speaker 1: billion dollar position in bitcoin related stocks into more than
Speaker 1: six billion dollars. Mark Casey, a portfolio manager with twenty
Speaker 1: five years at Capital Group, let the firms move into bitcoin. Casey,
Speaker 1: who describes his investment style as shaped by Benjamin Graham
Speaker 1: and Warren Buffett, has become an advocate for bitcoin. According
Speaker 1: to a Sunday report by The Wall Street Journal, here's
Speaker 1: a quote. I just think it's so interesting, Casey said
Speaker 1: during a podcast interview with venture firm and Dreessen Horoiz.
Speaker 1: He called bitcoin one of the coolest things that was
Speaker 1: or that has ever been created by people. Over the
Speaker 1: past four years, Capitol Group has built its exposure primarily
Speaker 1: through investments in so called bitcoin treasury companies, public firms
Speaker 1: that accumulate and hold bitcoin on their balance sheets. So
Speaker 1: the portfolio is pretty diversified. So it includes micro strategy.
Speaker 1: Of course, you've got Marathon Holdings, Meta Planet, that's the
Speaker 1: micro strategy of Japan. So pretty interesting that these old
Speaker 1: school legacy firms are getting involved in crypto, and many
Speaker 1: of them are starting with bitcoin as we've seen many times,
Speaker 1: and then they expand to all coins. It's the same
Speaker 1: pattern we continue to see. So all of this is
Speaker 1: very bullish. I think many of these firms recognize crypto's
Speaker 1: the next big trade and that this technology is here
Speaker 1: to stay. Plus you have crypto legislation getting passed, so
Speaker 1: they have the clarity. And this is why I know.
Speaker 1: I say it's a lot. I'm not just banking on
Speaker 1: this bull market cycle, but the future cycles as well.
Speaker 1: Twenty twenty eight to twenty thirty, and I'll be here
Speaker 1: in the bear market and I'll be telling you guys, hey,
Speaker 1: don't panic. Get ready to buy the blood in the
Speaker 1: streets right right now, I'm telling you get ready to
Speaker 1: sell because we're nearing the top of the market where
Speaker 1: dumb money comes in, it gets euphoric and much more.
Speaker 1: And then when we start going into the bear market
Speaker 1: and correcting, I'm going to be backing that truck up
Speaker 1: to buy the dips. Same recipe, same strategy I've used
Speaker 1: to make money in the past, and I will continue
Speaker 1: to squeeze as much juice out of this orange if
Speaker 1: you want to call it that, in this acid class,
Speaker 1: because it's still very young. This is the opportunity of
Speaker 1: the lifetime, So very bullish stuff here now, folks. A
Speaker 1: great way to invest in the crypto market is by
Speaker 1: going through an IRA. I Trust Capital provides you with
Speaker 1: a self directed IRA where you can invest in eighty
Speaker 1: plus crypto assets and you can trade twenty four to
Speaker 1: seven and there are no monthly fees, and its low cost,
Speaker 1: and best of all, there's a huge tax advantage because
Speaker 1: you're doing it through an IRA, so I Trust Capital
Speaker 1: offers this. They also offer what's called a premium custody account,
Speaker 1: and folks, this is one of the safest ways to
Speaker 1: custody your crypto assets. I believe it is the second
Speaker 1: safest to self custody on a hardware wallet because they
Speaker 1: are using bank tier custody services. They use fireblocks, coin
Speaker 1: based custody, fidelity and much more. And that's what the
Speaker 1: big institutions use. So you can rest the shore and
Speaker 1: sleep at night. Your assets are safe because once again
Speaker 1: it is using the top tier crypto custody services which
Speaker 1: is being used by institutions. So I have an account
Speaker 1: what I trust capital and Folks, if you sign up
Speaker 1: using my link, you can get one hundred dollars funding bonus.
Speaker 1: So IRA a great option and if you already have
Speaker 1: a four to one k or an IRA, you can
Speaker 1: roll it over to the IRA service that they have.
Speaker 1: And once again, the crypto custody service is a great option. Again,
Speaker 1: one of the safest options. So check out the link
Speaker 1: in the description to learn more. Now, look at this news, folks,
Speaker 1: Pakistan's crypto regulator invites crypto firms to get licensed serve
Speaker 1: forty million local users. Folks, do you see what's happening?
Speaker 1: And it's not only happening in the United States, it
Speaker 1: is happening across the globe. You know, just this week
Speaker 1: we talked about Kazakhs, Non Hong Kong and other jurisdictions,
Speaker 1: and look at Pakistan of all places, right, you wouldn't
Speaker 1: think would be embracing crypto, but I think they all
Speaker 1: recognize where the puck is heading in that this technology
Speaker 1: is here to stay, and they're inviting crypto firms, Hey,
Speaker 1: come set up a shop, because no one wants to
Speaker 1: get left behind. This industry in technology is going to
Speaker 1: create a ton of jobs and a lot of tax revenue,
Speaker 1: which you know the governments love, and they're going to
Speaker 1: take their cutoff course. So the Pakistan Virtual Assets Regulatory Authority,
Speaker 1: formed in July, has called on global crypto firms to
Speaker 1: apply for local licenses to serve Pakistan's forty million digital
Speaker 1: asset users. Only firms that have already been recognized by
Speaker 1: regulators in a major region such as the US or
Speaker 1: EU may apply for a license. Pakistan has been warming
Speaker 1: up to crypto and appointed Finance co founder cz Chen
Speaker 1: thing Zau to an advisory post earlier this year. Very bullish, folks.
Speaker 1: The on rams being built across the globe not only
Speaker 1: for retail but institutional investors. The big money to come in.
Speaker 1: So this is why if you're here early and you've
Speaker 1: been buying the blood on the streets, dull a cost averaging,
Speaker 1: you are on the side of smart money now Obviously,
Speaker 1: you don't want to just watch your portfolio go up
Speaker 1: and then go down and bear market. You want to
Speaker 1: make sure you're taking profits if you are planning to.
Speaker 1: Some of you have said, hey, look I don't care,
Speaker 1: I don't need the money. I'm going to wait till
Speaker 1: twenty thirty. That's fine. Just understand the implications right that
Speaker 1: these markets are cyclical and your portfolio will go down.
Speaker 1: So if that's going to bother you, and you know
Speaker 1: you need the money to maybe buy a house or
Speaker 1: pay off debt, whatever it is, right, you got to
Speaker 1: make sure that you identify the top zone, which is
Speaker 1: you know what I've been calling it, and take your
Speaker 1: profits because no one can call the exact top the day,
Speaker 1: the hour, you know that type of thing. But we're
Speaker 1: going to look for the top zone where things are
Speaker 1: getting your fork and exit the market. But clearly crypto's
Speaker 1: here to stay. It's being embraced by many governments and
Speaker 1: jurisdictions around the world. And as I mentioned, the on
Speaker 1: aram's being built now. Ethereum Foundation sets end to end
Speaker 1: privacy roadmap with private rights reads and proving, so we
Speaker 1: know there's a lot of development happening on Ethereum, and
Speaker 1: obviously the Etheroum Foundation is leading that charge, and EATH
Speaker 1: is getting a lot of adoption from many big institutions
Speaker 1: like black Rock and so forth. They often start with
Speaker 1: building on Etherorem, and it's the number one smart contract platform,
Speaker 1: it has the first move advantage, it has the security,
Speaker 1: it's never had downtime. Those are facts. Whether you like
Speaker 1: Ethereum or you don't, you can't ignore those facts. So
Speaker 1: the Ethereum Foundations Privacy and Skiing Explorations team rebranded to
Speaker 1: Privacy Stewards of Etherrem and release a roadmap outlining current
Speaker 1: progress toward building comprehensive end to end privacy on the blockchain.
Speaker 1: The roadmap is oriented around three focus areas, private rights,
Speaker 1: private reads, and private proving, with the goal of making
Speaker 1: private unchain actions on Etherorem ubiquitous, cheap and compliant. So, folks,
Speaker 1: if you're going to have institutions building on your blockchain,
Speaker 1: you have to have some sort of privacy solution. We've
Speaker 1: seen a lot of folks develop zkproof or z zero
Speaker 1: knowledge proof, and I think that's a great technology. So
Speaker 1: it looks like Etherorem is trying to expand here and
Speaker 1: if you're going to have banks and certain institutions using
Speaker 1: your blockchain, you can't have private data and information out
Speaker 1: there where anyone can view it on the blockchain, right,
Speaker 1: some of it has to be secured. So we got
Speaker 1: to find that balance. If you want your transactions out
Speaker 1: there and it's not a big deal, that's fine, but
Speaker 1: if you need privacy, you got to have it. And
Speaker 1: look has a lot of layer twos and some who
Speaker 1: are privacy focused, but the base layer, the layer one,
Speaker 1: needs that built in natively. So very interesting move here
Speaker 1: by the folks at etherorem And by the way, guys,
Speaker 1: speaking of privacy, if you saw my interview with Yuval Ruse,
Speaker 1: who is the co founder and see of Digital Asset,
Speaker 1: which is working on the Canton network, it is a
Speaker 1: institutional focus blockchain that has privacy built in natively, So
Speaker 1: make sure you check out that interview. Because they've gotten
Speaker 1: investments from Citadel Securities, Goldman Sachs, and recently you know
Speaker 1: there was talks of big banks joining the Canton Foundation.
Speaker 1: So this is a blockchain to watch. And when they
Speaker 1: launched their token, I'll let you guys know if I
Speaker 1: plan to invest, But this is one to watch because huge,
Speaker 1: huge names, huge institutions are behind it. So check out
Speaker 1: that interview is published four days ago. All right, moving ahead,
Speaker 1: Polymarket ways financing at a nine to ten billion dollars evaluation,
Speaker 1: while Kelshy is close to raising at five billion dollar valuation.
Speaker 1: So the prediction market competition and race is heating up here.
Speaker 1: Polymarket is obviously the more famous one, and they got
Speaker 1: a ton of attention in the election with them calling
Speaker 1: certain wins, especially around the presidency with Donald Trump and
Speaker 1: much more. But obviously it's blockchain power and this is
Speaker 1: the future, folks. And you're seeing the financialization of so
Speaker 1: many things, and blockchain is enabling that and enabling the
Speaker 1: trust factor, the ability to trade twenty four to seven
Speaker 1: a truly global market. So look at the valuations these
Speaker 1: companies are coming in that it's pretty crazy. I think
Speaker 1: a lot of people recognize this is the future. I've
Speaker 1: often said, the markets, the economies, the governments will all
Speaker 1: be running on blockchain rails. Voting will be powered by
Speaker 1: blockchain eventually to eliminate fraud, and all those things. Payments
Speaker 1: to and from the government will be powered by stable
Speaker 1: coins and much more so. This this is amazing. These
Speaker 1: blockchain powered companies are going to get a lot of capital,
Speaker 1: so prediction market platforms, polymarketing Telshi are considering raising additional
Speaker 1: capital at valuations of nine billion dollars and five billion dollars, respectively,
Speaker 1: according to the information, which cited anonymous sources. Here's a quote.
Speaker 1: Polymarket has considered an offer that would value the company
Speaker 1: as much as nine billion dollars, according to people who
Speaker 1: have spoken to the company's leaders. That would be a
Speaker 1: huge jump in price for the startup, which raised money
Speaker 1: at a one billion dollar valuation earlier this summer. At
Speaker 1: least one investor offered a term sheet valuing Polymarket as
Speaker 1: high as ten billion dollars. Business Insider reported Polymarket, which
Speaker 1: allows users to wager on events including elections and sports
Speaker 1: like NFL football, is expected to relaunch in the United States.
Speaker 1: Polymarket has been given the green light to go live
Speaker 1: in the USA by this CFDC CEO Shane Copeland said
Speaker 1: early this month, So incredible stuff, folks, It's amazing. And
Speaker 1: then you have a lot of companies going public, right
Speaker 1: We just had Gemini go public on Friday, and Etrah
Speaker 1: went public, and you had Circle of course, which was
Speaker 1: the biggest one, and expect to see more companies going
Speaker 1: public before this bullmarket ends. So we are in a
Speaker 1: bull market, folks. It's exciting times. I know the prices
Speaker 1: can be a roller coaster ride, but that's the nature
Speaker 1: of market. It's cyclical. You have to accept that reality
Speaker 1: and those facts. That is why I keep harping on,
Speaker 1: don't be emotional, be educated. Let's look at the charts,
Speaker 1: Let's look at the patterns. Let's look at the data
Speaker 1: and the metrics and the signals and form our thesis
Speaker 1: and stick with that versus our gut feeling and our
Speaker 1: emotions how we feel on any given day or though
Speaker 1: the price went up today went down. You can't be
Speaker 1: hyper focused on the hourly, daily, weekly, because that stuff
Speaker 1: is going to wreck you. Right, the whales are going
Speaker 1: to wreck you. They're very smart. They use bots, they
Speaker 1: use all kinds of stuff to shake you out. But
Speaker 1: as the saying goes, time in the market is better
Speaker 1: than trying to time the market. So you know, I
Speaker 1: can attest to that, being in the market since twenty sixteen,
Speaker 1: and then look, I had to take my bruises, right,
Speaker 1: I had to learn how to navigate the markets. But
Speaker 1: then I realized buy the blood on the streets and
Speaker 1: everybody's fearful and just hold. You got to be patient
Speaker 1: and you hold. And guys, if I showed you my
Speaker 1: portfolio right now, many of you would be like WHOA
Speaker 1: Like even myself, I get shocked by it because I've
Speaker 1: never made this amount of money anywhere else, not even
Speaker 1: in working, getting equity payouts at a job or things
Speaker 1: like that. So Crypto has been life changing for me.
Speaker 1: And like I said, I'm going to be taking profitsis
Speaker 1: cycle payoffs of debt, spend some of course, put some
Speaker 1: away from retirement, and get ready to reinvest in the
Speaker 1: bloody beer market. So that's my strategy. You don't have
Speaker 1: to follow me, but if you want to come along
Speaker 1: with me for the journey happy, I'm going to be
Speaker 1: sharing you know, all these things. So, folks, that's the news.
Speaker 1: Let me know what you think. Leave your thoughts and
Speaker 1: comments below hit the thumbs up button. A great way
Speaker 1: you can support me in the podcast is by subscribing
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Speaker 1: the description. I do a weekly update to provide a
Speaker 1: ton of data in there, things that you can learn
Speaker 1: and keep up with on regards to the market. Also
Speaker 1: check out my book on Amazon. It is available in
Speaker 1: paperback and digital, and my course at Mycrypto course dot com.
Speaker 1: This is a comprehensive course that teaches you every aspect
Speaker 1: of crypto, so check it out if you want to
Speaker 1: expand your knowledge. Folks, thank you so much for watching
Speaker 1: and listening. I appreciate you all and I'll talk to
Speaker 1: you all later