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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto podcast. You're home

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

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<v Speaker 1>On your way in. Please hit that subscribe button as

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<v Speaker 1>well as the thumbs up button and leave a comment.

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<v Speaker 1>Blow If you're listening on a podcast platform such as

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

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<v Speaker 1>it is going to be a volatile week. We're going

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<v Speaker 1>to hear from the Fed Jerome Powell, and they're going

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<v Speaker 1>to advise us if they are indeed cutting rates. Now

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<v Speaker 1>many folks are expecting that the Fed is going to

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<v Speaker 1>cut and it's going to be twenty five basis points.

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<v Speaker 1>So that's going to come up on Wednesday. We're going

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<v Speaker 1>to hear around two pm. You guys know the usual schedule.

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<v Speaker 1>But of course, any week there's an FOMC meeting or hearing,

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<v Speaker 1>there's a lot of volatility. You can't really judge the

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<v Speaker 1>market right, and I think whales play with people's emotions

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<v Speaker 1>and they pump and then they fake us out and

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<v Speaker 1>they dump on us and much more so expect volatility.

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<v Speaker 1>We're really going to have to wait for the settle

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<v Speaker 1>to see what's going to happen. But you know, CME

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<v Speaker 1>group FED futures, everybody's expecting the twenty five basis points cut.

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<v Speaker 1>It's currently a ninety six point four percent. Now, the

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<v Speaker 1>Fed could surprise us by doing fifty basis points, and

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<v Speaker 1>I think that could be very bullish. But as I've

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<v Speaker 1>said recently, it could be a double edged sword where

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<v Speaker 1>people see that level of a cut being you know,

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<v Speaker 1>bad in a sense that the economy is not in

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<v Speaker 1>a great place, which I don't think it is. I

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<v Speaker 1>think we're in a light recession and the FED is panicking, right,

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<v Speaker 1>so let's see what happens. Nevertheless, you know, the macro

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<v Speaker 1>thesis of the bullmarket's still in play. Global liquidity continues

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<v Speaker 1>to be one of the key indicators, and that, as

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<v Speaker 1>I've been saying guys, is on the rise again. It

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<v Speaker 1>has recovered, but it hasn't broken the all time high yet.

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<v Speaker 1>I think it will, so we have to be patient here.

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<v Speaker 1>What we are seeing is that all coins are on

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<v Speaker 1>the move, even the stock markets on the move. The

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<v Speaker 1>S and P five hundred, the NASDA can much more

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<v Speaker 1>continue to make new highs. So again, the macro bullmarket's

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<v Speaker 1>still in Tech and gold. We talked about gold in

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<v Speaker 1>yesterday's podcast and that it has been on a tear,

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<v Speaker 1>but I think it's topping out. It's in the overbought zone,

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<v Speaker 1>so we should expect to see a correction and the

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<v Speaker 1>rotation of liquidity. If you look at Total three for

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<v Speaker 1>the all coins that has been on the rise as well,

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<v Speaker 1>we've been seeing a lot of all coins move, but

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<v Speaker 1>we're seeing a bit of a correction right now. And

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<v Speaker 1>you know, over the past week or so, if you

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<v Speaker 1>look at the top ten or fifteen, Solana, dogecoin, and

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<v Speaker 1>many other all coins have been ripping, I think even

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<v Speaker 1>avax here. So you're seeing life, but we're not seeing

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<v Speaker 1>parabolic moves yet right clearly, And there's not this massive

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<v Speaker 1>bullish sentiment out there. Don't get me wrong. People are bullish,

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<v Speaker 1>but it's not your Fouria bullish, right, So those things

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<v Speaker 1>come when you get into the final stages of the bullmarket. Now,

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<v Speaker 1>with this situation of global liquidity starting to recover, as

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<v Speaker 1>I've been telling you guys, I think this bull market

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<v Speaker 1>could potentially extend into twenty twenty six, and that Q

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<v Speaker 1>four could be a local top. No guarantees, We're going

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<v Speaker 1>to have to wait and see, but I think Arthur Hayes,

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<v Speaker 1>the bit mechs co founder, and he definitely understands the macro.

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<v Speaker 1>He was on an interview recently and he said the

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<v Speaker 1>same thing. He thinks money printing is going to extend

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<v Speaker 1>the cryptocycle into twenty twenty six. So once again, no guarantees,

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<v Speaker 1>there's no nothing. We don't know one has a crystal ball,

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<v Speaker 1>not me, not Arthur, not anyone else. But we're going

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<v Speaker 1>to look at the data at least and not our

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<v Speaker 1>emotions and make our decisions based on that. And obviously

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<v Speaker 1>we have to wait for certain data to keep updating,

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<v Speaker 1>like global liquidity, but all the other signals that we

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<v Speaker 1>usually track they're not flashing. So again we're not just

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<v Speaker 1>using one metric, We're using multiple and the major one

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<v Speaker 1>I think is global liquidity. So folks hang in there.

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<v Speaker 1>You know, at the beginning of September, I said, look,

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<v Speaker 1>first half of September, I think we are going to

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<v Speaker 1>be not in a good place. They're going to see

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<v Speaker 1>corrections and much more. Second half things start to bottom

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<v Speaker 1>out and we start climbing, and in October we start

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<v Speaker 1>hitting new highs. I could be wrong, but that's what

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<v Speaker 1>I'm thinking based on what we're seeing in the market.

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<v Speaker 1>So patience is the key. My friends now investment giant

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<v Speaker 1>Capital Group's one billion dollar bet on bitcoin treasuries balloons

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<v Speaker 1>to six billion dollars. So we continue to see lots

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<v Speaker 1>of capital flowing into the crypto market in different ways,

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<v Speaker 1>digital acid treasury companies ETFs directly into crypto projects, into

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<v Speaker 1>IPOs and too, crypto infrastructure companies, and much more so.

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<v Speaker 1>Capital Group, a ninety four year old mutual fund powerhouse

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<v Speaker 1>known for its conservative investment approach, has grown a one

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<v Speaker 1>billion dollar position in bitcoin related stocks into more than

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<v Speaker 1>six billion dollars. Mark Casey, a portfolio manager with twenty

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<v Speaker 1>five years at Capital Group, let the firms move into bitcoin. Casey,

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<v Speaker 1>who describes his investment style as shaped by Benjamin Graham

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<v Speaker 1>and Warren Buffett, has become an advocate for bitcoin. According

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<v Speaker 1>to a Sunday report by The Wall Street Journal, here's

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<v Speaker 1>a quote. I just think it's so interesting, Casey said

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<v Speaker 1>during a podcast interview with venture firm and Dreessen Horoiz.

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<v Speaker 1>He called bitcoin one of the coolest things that was

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<v Speaker 1>or that has ever been created by people. Over the

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<v Speaker 1>past four years, Capitol Group has built its exposure primarily

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<v Speaker 1>through investments in so called bitcoin treasury companies, public firms

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<v Speaker 1>that accumulate and hold bitcoin on their balance sheets. So

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<v Speaker 1>the portfolio is pretty diversified. So it includes micro strategy.

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<v Speaker 1>Of course, you've got Marathon Holdings, Meta Planet, that's the

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<v Speaker 1>micro strategy of Japan. So pretty interesting that these old

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<v Speaker 1>school legacy firms are getting involved in crypto, and many

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<v Speaker 1>of them are starting with bitcoin as we've seen many times,

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<v Speaker 1>and then they expand to all coins. It's the same

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<v Speaker 1>pattern we continue to see. So all of this is

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<v Speaker 1>very bullish. I think many of these firms recognize crypto's

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<v Speaker 1>the next big trade and that this technology is here

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<v Speaker 1>to stay. Plus you have crypto legislation getting passed, so

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<v Speaker 1>they have the clarity. And this is why I know.

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<v Speaker 1>I say it's a lot. I'm not just banking on

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<v Speaker 1>this bull market cycle, but the future cycles as well.

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<v Speaker 1>Twenty twenty eight to twenty thirty, and I'll be here

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<v Speaker 1>in the bear market and I'll be telling you guys, hey,

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<v Speaker 1>don't panic. Get ready to buy the blood in the

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<v Speaker 1>streets right right now, I'm telling you get ready to

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<v Speaker 1>sell because we're nearing the top of the market where

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<v Speaker 1>dumb money comes in, it gets euphoric and much more.

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<v Speaker 1>And then when we start going into the bear market

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<v Speaker 1>and correcting, I'm going to be backing that truck up

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<v Speaker 1>to buy the dips. Same recipe, same strategy I've used

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<v Speaker 1>to make money in the past, and I will continue

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<v Speaker 1>to squeeze as much juice out of this orange if

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<v Speaker 1>you want to call it that, in this acid class,

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<v Speaker 1>because it's still very young. This is the opportunity of

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<v Speaker 1>the lifetime, So very bullish stuff here now, folks. A

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<v Speaker 1>great way to invest in the crypto market is by

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<v Speaker 1>going through an IRA. I Trust Capital provides you with

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<v Speaker 1>a self directed IRA where you can invest in eighty

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<v Speaker 1>plus crypto assets and you can trade twenty four to

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<v Speaker 1>seven and there are no monthly fees, and its low cost,

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<v Speaker 1>and best of all, there's a huge tax advantage because

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<v Speaker 1>you're doing it through an IRA, so I Trust Capital

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<v Speaker 1>offers this. They also offer what's called a premium custody account,

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<v Speaker 1>and folks, this is one of the safest ways to

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<v Speaker 1>custody your crypto assets. I believe it is the second

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<v Speaker 1>safest to self custody on a hardware wallet because they

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<v Speaker 1>are using bank tier custody services. They use fireblocks, coin

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<v Speaker 1>based custody, fidelity and much more. And that's what the

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<v Speaker 1>big institutions use. So you can rest the shore and

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<v Speaker 1>sleep at night. Your assets are safe because once again

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<v Speaker 1>it is using the top tier crypto custody services which

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<v Speaker 1>is being used by institutions. So I have an account

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<v Speaker 1>what I trust capital and Folks, if you sign up

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<v Speaker 1>using my link, you can get one hundred dollars funding bonus.

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<v Speaker 1>So IRA a great option and if you already have

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<v Speaker 1>a four to one k or an IRA, you can

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<v Speaker 1>roll it over to the IRA service that they have.

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<v Speaker 1>And once again, the crypto custody service is a great option. Again,

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<v Speaker 1>one of the safest options. So check out the link

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<v Speaker 1>in the description to learn more. Now, look at this news, folks,

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<v Speaker 1>Pakistan's crypto regulator invites crypto firms to get licensed serve

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<v Speaker 1>forty million local users. Folks, do you see what's happening?

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<v Speaker 1>And it's not only happening in the United States, it

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<v Speaker 1>is happening across the globe. You know, just this week

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<v Speaker 1>we talked about Kazakhs, Non Hong Kong and other jurisdictions,

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<v Speaker 1>and look at Pakistan of all places, right, you wouldn't

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<v Speaker 1>think would be embracing crypto, but I think they all

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<v Speaker 1>recognize where the puck is heading in that this technology

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<v Speaker 1>is here to stay, and they're inviting crypto firms, Hey,

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<v Speaker 1>come set up a shop, because no one wants to

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<v Speaker 1>get left behind. This industry in technology is going to

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<v Speaker 1>create a ton of jobs and a lot of tax revenue,

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<v Speaker 1>which you know the governments love, and they're going to

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<v Speaker 1>take their cutoff course. So the Pakistan Virtual Assets Regulatory Authority,

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<v Speaker 1>formed in July, has called on global crypto firms to

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<v Speaker 1>apply for local licenses to serve Pakistan's forty million digital

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<v Speaker 1>asset users. Only firms that have already been recognized by

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<v Speaker 1>regulators in a major region such as the US or

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<v Speaker 1>EU may apply for a license. Pakistan has been warming

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<v Speaker 1>up to crypto and appointed Finance co founder cz Chen

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<v Speaker 1>thing Zau to an advisory post earlier this year. Very bullish, folks.

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<v Speaker 1>The on rams being built across the globe not only

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<v Speaker 1>for retail but institutional investors. The big money to come in.

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<v Speaker 1>So this is why if you're here early and you've

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<v Speaker 1>been buying the blood on the streets, dull a cost averaging,

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<v Speaker 1>you are on the side of smart money now Obviously,

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<v Speaker 1>you don't want to just watch your portfolio go up

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<v Speaker 1>and then go down and bear market. You want to

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<v Speaker 1>make sure you're taking profits if you are planning to.

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<v Speaker 1>Some of you have said, hey, look I don't care,

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<v Speaker 1>I don't need the money. I'm going to wait till

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<v Speaker 1>twenty thirty. That's fine. Just understand the implications right that

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<v Speaker 1>these markets are cyclical and your portfolio will go down.

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<v Speaker 1>So if that's going to bother you, and you know

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<v Speaker 1>you need the money to maybe buy a house or

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<v Speaker 1>pay off debt, whatever it is, right, you got to

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<v Speaker 1>make sure that you identify the top zone, which is

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<v Speaker 1>you know what I've been calling it, and take your

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<v Speaker 1>profits because no one can call the exact top the day,

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<v Speaker 1>the hour, you know that type of thing. But we're

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<v Speaker 1>going to look for the top zone where things are

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<v Speaker 1>getting your fork and exit the market. But clearly crypto's

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<v Speaker 1>here to stay. It's being embraced by many governments and

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<v Speaker 1>jurisdictions around the world. And as I mentioned, the on

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<v Speaker 1>aram's being built now. Ethereum Foundation sets end to end

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<v Speaker 1>privacy roadmap with private rights reads and proving, so we

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<v Speaker 1>know there's a lot of development happening on Ethereum, and

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<v Speaker 1>obviously the Etheroum Foundation is leading that charge, and EATH

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<v Speaker 1>is getting a lot of adoption from many big institutions

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<v Speaker 1>like black Rock and so forth. They often start with

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<v Speaker 1>building on Etherorem, and it's the number one smart contract platform,

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<v Speaker 1>it has the first move advantage, it has the security,

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<v Speaker 1>it's never had downtime. Those are facts. Whether you like

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<v Speaker 1>Ethereum or you don't, you can't ignore those facts. So

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<v Speaker 1>the Ethereum Foundations Privacy and Skiing Explorations team rebranded to

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<v Speaker 1>Privacy Stewards of Etherrem and release a roadmap outlining current

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<v Speaker 1>progress toward building comprehensive end to end privacy on the blockchain.

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<v Speaker 1>The roadmap is oriented around three focus areas, private rights,

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<v Speaker 1>private reads, and private proving, with the goal of making

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<v Speaker 1>private unchain actions on Etherorem ubiquitous, cheap and compliant. So, folks,

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<v Speaker 1>if you're going to have institutions building on your blockchain,

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<v Speaker 1>you have to have some sort of privacy solution. We've

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<v Speaker 1>seen a lot of folks develop zkproof or z zero

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<v Speaker 1>knowledge proof, and I think that's a great technology. So

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<v Speaker 1>it looks like Etherorem is trying to expand here and

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<v Speaker 1>if you're going to have banks and certain institutions using

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<v Speaker 1>your blockchain, you can't have private data and information out

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<v Speaker 1>there where anyone can view it on the blockchain, right,

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<v Speaker 1>some of it has to be secured. So we got

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<v Speaker 1>to find that balance. If you want your transactions out

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<v Speaker 1>there and it's not a big deal, that's fine, but

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<v Speaker 1>if you need privacy, you got to have it. And

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<v Speaker 1>look has a lot of layer twos and some who

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<v Speaker 1>are privacy focused, but the base layer, the layer one,

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<v Speaker 1>needs that built in natively. So very interesting move here

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<v Speaker 1>by the folks at etherorem And by the way, guys,

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<v Speaker 1>speaking of privacy, if you saw my interview with Yuval Ruse,

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<v Speaker 1>who is the co founder and see of Digital Asset,

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<v Speaker 1>which is working on the Canton network, it is a

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<v Speaker 1>institutional focus blockchain that has privacy built in natively, So

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<v Speaker 1>make sure you check out that interview. Because they've gotten

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<v Speaker 1>investments from Citadel Securities, Goldman Sachs, and recently you know

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<v Speaker 1>there was talks of big banks joining the Canton Foundation.

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<v Speaker 1>So this is a blockchain to watch. And when they

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<v Speaker 1>launched their token, I'll let you guys know if I

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<v Speaker 1>plan to invest, But this is one to watch because huge,

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<v Speaker 1>huge names, huge institutions are behind it. So check out

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<v Speaker 1>that interview is published four days ago. All right, moving ahead,

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<v Speaker 1>Polymarket ways financing at a nine to ten billion dollars evaluation,

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<v Speaker 1>while Kelshy is close to raising at five billion dollar valuation.

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<v Speaker 1>So the prediction market competition and race is heating up here.

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<v Speaker 1>Polymarket is obviously the more famous one, and they got

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<v Speaker 1>a ton of attention in the election with them calling

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<v Speaker 1>certain wins, especially around the presidency with Donald Trump and

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<v Speaker 1>much more. But obviously it's blockchain power and this is

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<v Speaker 1>the future, folks. And you're seeing the financialization of so

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<v Speaker 1>many things, and blockchain is enabling that and enabling the

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<v Speaker 1>trust factor, the ability to trade twenty four to seven

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<v Speaker 1>a truly global market. So look at the valuations these

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<v Speaker 1>companies are coming in that it's pretty crazy. I think

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<v Speaker 1>a lot of people recognize this is the future. I've

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<v Speaker 1>often said, the markets, the economies, the governments will all

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<v Speaker 1>be running on blockchain rails. Voting will be powered by

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<v Speaker 1>blockchain eventually to eliminate fraud, and all those things. Payments

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<v Speaker 1>to and from the government will be powered by stable

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<v Speaker 1>coins and much more so. This this is amazing. These

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<v Speaker 1>blockchain powered companies are going to get a lot of capital,

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<v Speaker 1>so prediction market platforms, polymarketing Telshi are considering raising additional

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<v Speaker 1>capital at valuations of nine billion dollars and five billion dollars, respectively,

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<v Speaker 1>according to the information, which cited anonymous sources. Here's a quote.

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<v Speaker 1>Polymarket has considered an offer that would value the company

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<v Speaker 1>as much as nine billion dollars, according to people who

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<v Speaker 1>have spoken to the company's leaders. That would be a

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<v Speaker 1>huge jump in price for the startup, which raised money

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<v Speaker 1>at a one billion dollar valuation earlier this summer. At

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<v Speaker 1>least one investor offered a term sheet valuing Polymarket as

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<v Speaker 1>high as ten billion dollars. Business Insider reported Polymarket, which

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<v Speaker 1>allows users to wager on events including elections and sports

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<v Speaker 1>like NFL football, is expected to relaunch in the United States.

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<v Speaker 1>Polymarket has been given the green light to go live

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<v Speaker 1>in the USA by this CFDC CEO Shane Copeland said

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<v Speaker 1>early this month, So incredible stuff, folks, It's amazing. And

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<v Speaker 1>then you have a lot of companies going public, right

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<v Speaker 1>We just had Gemini go public on Friday, and Etrah

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<v Speaker 1>went public, and you had Circle of course, which was

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<v Speaker 1>the biggest one, and expect to see more companies going

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<v Speaker 1>public before this bullmarket ends. So we are in a

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<v Speaker 1>bull market, folks. It's exciting times. I know the prices

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<v Speaker 1>can be a roller coaster ride, but that's the nature

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<v Speaker 1>of market. It's cyclical. You have to accept that reality

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<v Speaker 1>and those facts. That is why I keep harping on,

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<v Speaker 1>don't be emotional, be educated. Let's look at the charts,

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<v Speaker 1>Let's look at the patterns. Let's look at the data

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<v Speaker 1>and the metrics and the signals and form our thesis

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<v Speaker 1>and stick with that versus our gut feeling and our

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<v Speaker 1>emotions how we feel on any given day or though

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<v Speaker 1>the price went up today went down. You can't be

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<v Speaker 1>hyper focused on the hourly, daily, weekly, because that stuff

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<v Speaker 1>is going to wreck you. Right, the whales are going

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<v Speaker 1>to wreck you. They're very smart. They use bots, they

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<v Speaker 1>use all kinds of stuff to shake you out. But

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<v Speaker 1>as the saying goes, time in the market is better

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<v Speaker 1>than trying to time the market. So you know, I

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<v Speaker 1>can attest to that, being in the market since twenty sixteen,

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<v Speaker 1>and then look, I had to take my bruises, right,

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<v Speaker 1>I had to learn how to navigate the markets. But

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<v Speaker 1>then I realized buy the blood on the streets and

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<v Speaker 1>everybody's fearful and just hold. You got to be patient

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<v Speaker 1>and you hold. And guys, if I showed you my

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<v Speaker 1>portfolio right now, many of you would be like WHOA

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<v Speaker 1>Like even myself, I get shocked by it because I've

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<v Speaker 1>never made this amount of money anywhere else, not even

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<v Speaker 1>in working, getting equity payouts at a job or things

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<v Speaker 1>like that. So Crypto has been life changing for me.

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<v Speaker 1>And like I said, I'm going to be taking profitsis

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<v Speaker 1>cycle payoffs of debt, spend some of course, put some

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<v Speaker 1>away from retirement, and get ready to reinvest in the

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<v Speaker 1>bloody beer market. So that's my strategy. You don't have

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<v Speaker 1>to follow me, but if you want to come along

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<v Speaker 1>with me for the journey happy, I'm going to be

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<v Speaker 1>sharing you know, all these things. So, folks, that's the news.

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<v Speaker 1>Let me know what you think. Leave your thoughts and

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<v Speaker 1>comments below hit the thumbs up button. A great way

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<v Speaker 1>you can support me in the podcast is by subscribing

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<v Speaker 1>to my free email news that are on Substack. It

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<v Speaker 1>is one hundred percent free. Check out the link in

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<v Speaker 1>the description. I do a weekly update to provide a

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<v Speaker 1>ton of data in there, things that you can learn

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<v Speaker 1>and keep up with on regards to the market. Also

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<v Speaker 1>check out my book on Amazon. It is available in

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<v Speaker 1>paperback and digital, and my course at Mycrypto course dot com.

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<v Speaker 1>This is a comprehensive course that teaches you every aspect

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<v Speaker 1>of crypto, so check it out if you want to

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<v Speaker 1>expand your knowledge. Folks, thank you so much for watching

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<v Speaker 1>and listening. I appreciate you all and I'll talk to

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<v Speaker 1>you all later