Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please add that subscribe button as
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Speaker 1: let's kick it off with bitcoin currently trading over ninety
Speaker 1: thousand dollars. So we're seeing a bit of a pullback
Speaker 1: as we've been discussing over the past couple of days.
Speaker 1: That was anticipated based on a whyke off accumulation model
Speaker 1: shared by user Marty Party on x So no need
Speaker 1: to panic, just we're going to see a downturn and
Speaker 1: then we're going to see the spring upwards. So it's
Speaker 1: all cyclical, just all market cycles playing out here, retesting
Speaker 1: up support levels and much more. As long as we
Speaker 1: keep forming higher highs and higher lows, we are good
Speaker 1: and we got the macro on our side. Now. This Friday,
Speaker 1: as we've been discussing, we're going to hear from the
Speaker 1: Supreme Court about the tariffs. We'll see what that to market.
Speaker 1: That could be a catalyst that makes the market go
Speaker 1: down right before fighting the bottom again and moving back up.
Speaker 1: So patience is so important here. We're going to have
Speaker 1: to wait and let this all play out. Now, here's
Speaker 1: another contributing factor to liquidity. And we know the Fed
Speaker 1: is full on QI even though they've started the light
Speaker 1: version on December twelfth of purchasing forty billion dollars in
Speaker 1: treasury bonds. Well, President Trump this evening highlighted that he
Speaker 1: intends to raise the US national defense budget in twenty
Speaker 1: twenty seven to one point five trillion dollars. So it's
Speaker 1: currently at one trillion and they're going to raise it
Speaker 1: by half a trillion. So Lynn Alden, who often talks
Speaker 1: about nothing stops his train, essentially saying nothing stops the
Speaker 1: money printer. She reposted Trump's whole post on truth social
Speaker 1: saying that's a whole lot of words to say nothing
Speaker 1: stops his train. So regardless of what the narrative is,
Speaker 1: regardless of this and that and the semantics, nothing stops
Speaker 1: the money printer. They have to keep printing. So that's
Speaker 1: why I've been saying. My foundational thesis, regardless of what
Speaker 1: happens in the short term, is that as long as
Speaker 1: central banks keep printing money. I am bullish because risk
Speaker 1: assets will move accordingly, guys, So you have to make
Speaker 1: sure you have that foundational knowledge and you have that
Speaker 1: thesis as to why we are here investing. Yes, to
Speaker 1: make money, but part of it is outpacing the debasement
Speaker 1: and the inflation and the stealing of your purchasing power.
Speaker 1: Once you grasp that, it makes investing a whole lot easier,
Speaker 1: and it helps you to a whole longer term despite
Speaker 1: the short term volatility. And obviously crypto is the fastest
Speaker 1: horse in the race. Now. I know twenty twenty five
Speaker 1: was not great, but if you look throughout the past
Speaker 1: ten years, bitcoin has outperformed everything, not to mention all coins, right,
Speaker 1: so it has outperformed goal, the stock market, the NASDAK,
Speaker 1: the S and P five hundred, real estate, all that stuff.
Speaker 1: We had a kind of a down year last year,
Speaker 1: you know, the yearly candle closed negative six percent, which
Speaker 1: was a big deviation for what we've seen historically. But
Speaker 1: if the thesis is correct that you know, liquidity is
Speaker 1: coming back. We should see new all time highs this year.
Speaker 1: But look, we don't have a crystal ball, so we're
Speaker 1: gonna have to wait and see. I've been sharing my
Speaker 1: two scenarios. Number one, that is, Bitcoin simply does a
Speaker 1: relief rally and all coins follow in a relief rally
Speaker 1: type of format, so we don't hit new all time
Speaker 1: highs and then we roll over into a bear market,
Speaker 1: or this bull market continues and we make new highs
Speaker 1: for Bitcoin and the all coins go bananas and we
Speaker 1: see the actual euphoric blow off top zone. Because you
Speaker 1: have contributing factors such as the market structure, bills, you
Speaker 1: have Trump saying he wants to send out stimulus checks
Speaker 1: to people using the tariff revenue, and much more so,
Speaker 1: there's a lot on the table here that could set
Speaker 1: up a bullish move and narrative, and we shall see. Guys.
Speaker 1: This is where you know, as much as we want
Speaker 1: new all times high prices, we're gonna have to sit
Speaker 1: back and let some of the dust settle here. But clearly, guys,
Speaker 1: they're going to continue printing money and we know our
Speaker 1: assets are going to follow. So patients is the key now, folks.
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Speaker 1: blockchain and AI. And they've been doing this since twenty seventeen. Folks,
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Speaker 1: They are doing a lot of cool things with blockchain
Speaker 1: in the real estate industry. And Folks, we know every
Speaker 1: asset class is going to be tokenized. So Propy is
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Speaker 1: Link would be in the description. Okay, folks, we got
Speaker 1: an all out war happening in DC. You know. It's
Speaker 1: something we've been covering over the past month or so,
Speaker 1: and that is the banks are lobbying hard to try
Speaker 1: to stop you from earning stable coin yield and staking
Speaker 1: rewards on crypto exchanges and platforms. They don't like that, right,
Speaker 1: We've talked about it at nauseum. They don't like that
Speaker 1: you can earn a higher return there because right now
Speaker 1: they're giving you next to nothing zero point zero one
Speaker 1: percent interest, right they pocket all the money, and of
Speaker 1: course they don't like that you can bypass them and
Speaker 1: go earn higher yield. So personally, I use Uphold with
Speaker 1: their stable coin program to earn yield, and I also
Speaker 1: use coinbase And guess what, it's more than I'm getting
Speaker 1: at my bank is JP Morgan Chase, by the way,
Speaker 1: So it's more I'm getting at JP Morgan Chase. So
Speaker 1: it's so horrible at JP Morgan that I move my
Speaker 1: money to other types of accounts and even the stable
Speaker 1: coin yields to earn higher rewards. So the banking lobby,
Speaker 1: they're trying to stop this, they're trying to re litigate
Speaker 1: the Genius Act. But it's already law. They're going to
Speaker 1: their crony friends like Elizabeth Warren and Maxine Waters, you know,
Speaker 1: handing them some checks come on midterms of coming up
Speaker 1: in all these trying to win people back, right. In addition,
Speaker 1: they want to stop D five. So let me share
Speaker 1: what farijarisher Zah, chief policy officer at coinbase, had to
Speaker 1: say it because he summarized it really well, and a
Speaker 1: lot of different folks in the industry weigh in as well.
Speaker 1: He said. The Senate Banking Committee marks up the Market
Speaker 1: Structure Bill next week. The stable coin rewards remain under debate.
Speaker 1: Congress already settled this in Genius Reopening it now only
Speaker 1: creates uncertainty and risks the future of the US dollar
Speaker 1: as commerce moves on chain. Here's why Congress should protect
Speaker 1: the Genius Act and why rewards help consumers without harming
Speaker 1: community banks. It's no mystery why big banks want rewards
Speaker 1: ban and US banks earn one hundred and seventy six
Speaker 1: billion dollars a year on the approximate three trillion dollars
Speaker 1: they park at the FED and another one hundred and
Speaker 1: eighty seven billion dollars a year from cards wife fees
Speaker 1: about one four hundred and forty dollars per household. That's
Speaker 1: three hundred and sixty billion dollar plus annually from payments
Speaker 1: and deposits alone, and massive unused lending capacity that the
Speaker 1: Federal Reserve pays the banks to have sit in a
Speaker 1: drawer somewhere so that money just sits there. Right. So
Speaker 1: he says stable corn rewards threatened those margins, not because
Speaker 1: it reduces banks ability to lend, but because they introduce
Speaker 1: real competition in payments. Lower payments cost mean billions and
Speaker 1: savings for consumers and businesses and a boost GDP. This
Speaker 1: is not a community bank issue. It's the big banks
Speaker 1: that's the real fight. This is spot on. You think,
Speaker 1: Jamie Diamond and these big CEOs that the banks alike,
Speaker 1: that you can bypass them. How dare you bypass them? Right?
Speaker 1: But disruptive technology always wins. But they're the cumbents. They're
Speaker 1: gonna fight, they're gonna lobby hard, but they're not gonna
Speaker 1: win this. And I'll share what even Trump and his
Speaker 1: family is doing today. So he says, the data is
Speaker 1: clear and it doesn't support the bank position. This summer,
Speaker 1: Charles River Associates found no statistically significant relationship between USDC
Speaker 1: growth and community bank deposits. Different users, different use cases,
Speaker 1: and people don't treat stable coins as bank deposits substitutes. Now,
Speaker 1: a bunch of different folks weighed in. Even Mike Novograts
Speaker 1: weighed in. He said we would be fools as a
Speaker 1: country to reverse the newly passed Genius Act. What I
Speaker 1: say to banks who are whining like mad fourth graders,
Speaker 1: toughen up and compete. This is what innovation looks like.
Speaker 1: In addition, Patrick Witch, who's the White House crypto advisor
Speaker 1: who works with David Sachs. You guys may have seen
Speaker 1: my interview with him from Chainlink smart Con. He says,
Speaker 1: for the anti rewards slash yield crowd currently threatening to
Speaker 1: witholdhold their support for the Clarity Act, I would remind
Speaker 1: you that tanking the bill over the issue preserves the
Speaker 1: status quo which you allege is intolerable. You will have
Speaker 1: achieved nothing be reasonable. So this is targeting to the
Speaker 1: people who are being lobbied by the banks, some Democrats,
Speaker 1: possibly some Republicans as well. So the gloves are coming
Speaker 1: off here, folks. Ron Hammond, who used to be at
Speaker 1: the Blockchain Association, he's now at Winter Mute said, the
Speaker 1: White House siding with crypto industry on stable coin rewards
Speaker 1: issue within the market structure legislation not ideal for the
Speaker 1: bank lobby. So this is important because Trump look at
Speaker 1: this because today Trump backed World Liberty Financial seeks US
Speaker 1: bank charter to bring USD one stable coin fully on shore.
Speaker 1: So Trump is bullish on crypto. His family and all
Speaker 1: these guys have crypto businesses. They have their own stable
Speaker 1: corn via World Liberty Financial. Whose side do you think
Speaker 1: they're going to be on the bank side? No? No,
Speaker 1: So I think the banks are in a losing position.
Speaker 1: That's not to say they're not going to try to fight, right,
Speaker 1: That's not to say they're not going to hand checks
Speaker 1: out to Elizabeth Warren and Maxine Waters and all these people,
Speaker 1: or they're going to fight. But I think they're on
Speaker 1: the losing side. So while many of the banks are
Speaker 1: adopting crypto, they're launching tokenization efforts, crypto products, and much more.
Speaker 1: On the other hand, they're trying to control it as
Speaker 1: much as possible. Again, they don't want you to bypass them.
Speaker 1: They want to control. They want you to come through them.
Speaker 1: But of course they're not being fair, they're pocketing a
Speaker 1: lot of the money. If they want to compete, why
Speaker 1: don't they launch your own stable coin and give rewards
Speaker 1: or give a higher interest rate. People wouldn't have to
Speaker 1: move to stable coins to get a higher yield if
Speaker 1: you simply up the interest rate. But they don't want that, guys.
Speaker 1: End of year bonuses, big fat checks, right, Jamie Diamond
Speaker 1: doesn't want to cut to his bonus. Are you kidding me? Right?
Speaker 1: So that's what's happening here, folks. And in addition, Cody
Speaker 1: carbon and who I of the Digital Chamber, who I
Speaker 1: interviewed yesterday and that interview will be published tomorrow morning.
Speaker 1: I want to miss it, he said. Tomorrow, fifty five
Speaker 1: Digital Chamber member companies will meet with over twenty Senators
Speaker 1: on Capitol Hill to shape market structure. This is how
Speaker 1: change happens. Grateful for our members flying in from across
Speaker 1: the US and globally to lead a critical moment before markups.
Speaker 1: So this is really great crypto industry going in meeting
Speaker 1: with the key stakeholders in the Senate to discuss what
Speaker 1: they need to do, what the crypto industry needs. So
Speaker 1: this is really great guys, And like I said, these
Speaker 1: banks and these people are fighting it. They're on the
Speaker 1: wrong side of history. We already know that. But I
Speaker 1: think it's the last hurrah, the last attempt to try
Speaker 1: to change things and maintain control. But it ain't going
Speaker 1: to happen. Now, that doesn't mean the crypto industry doesn't
Speaker 1: have to fight. They have to fight. They have to
Speaker 1: build their war chest and continue to lobby because that's
Speaker 1: how you get things done in Washington unfortunately, so we
Speaker 1: shall see how it all plays out. Guys. We got
Speaker 1: to keep an eye on this. But at least we're
Speaker 1: seeing progress. You know, this dialogue and discussions between the
Speaker 1: crypto industry and the members are come and then next
Speaker 1: week we get the markups. So that's gonna be really great. Now,
Speaker 1: look at this news, folks, This is huge. This is
Speaker 1: a milestone in financial innovation. Wyoming issues first state back
Speaker 1: stable coin on Solanum. Now we got news about this
Speaker 1: that that was the plan to launch a stable coin,
Speaker 1: but it's the first state back and you can imagine
Speaker 1: other states are going to do this in the United
Speaker 1: States and they may use different blockchains, but Wyoming is
Speaker 1: using Solana. So this is a huge endorsement and adoption
Speaker 1: of Solana. So I feel like Solona is going through
Speaker 1: this maturation phase where it's moving beyond meme coins. It's
Speaker 1: getting big adoption. Even Western Union, if you all recall
Speaker 1: launching their stable coin on Solana. So front FR and T,
Speaker 1: issued under the Wyoming stable Coin Act, represents the first
Speaker 1: blockchain based asset backed by a US state. The Salana
Speaker 1: based Wyoming Frontier stable coin will also be initially available
Speaker 1: on six EVM chains, including Ethereum based Layer and Arbitrum
Speaker 1: based Optimism and Polygon L two's as well as Layer
Speaker 1: one Avalanche. Huge news, folks, huge, huge news. This is,
Speaker 1: i mean, just amazing and a sign of things to come.
Speaker 1: And I'm curious how you know these stable coins from
Speaker 1: these different states will you know, compete so to speak
Speaker 1: with you know what, it's already in the market, but
Speaker 1: it could be they're just building this for their own
Speaker 1: state US. It won't necessarily cross state lines, like if
Speaker 1: you want to pay your taxes or you know, they'll
Speaker 1: give you maybe certain benefits for using it within Wyoming.
Speaker 1: You know, that could be part of it. We're gonna
Speaker 1: have to wait and see how all this will play
Speaker 1: out logistically, but this is a big, big moment right here,
Speaker 1: and states have been you know, launching bitcoin reserves, buying
Speaker 1: bitcoin et ups, and much more. So we're seeing that
Speaker 1: once one of them makes a move, the first domino falls,
Speaker 1: the other follow right, game theory plays out, So very
Speaker 1: very interesting news here now, folks. I'm not sure how
Speaker 1: many of you heard about this, but Ledger says Global
Speaker 1: E incident did not compromise crypto wallets. So there was
Speaker 1: a data breach of global E, a payment platform integrated
Speaker 1: by Ledger in twenty twenty three. So we've seen data
Speaker 1: breaches across different industries. Guys, this is a problem. This
Speaker 1: is where data needs to go on the blockchain. But
Speaker 1: it's as always, guys, you have to make sure that
Speaker 1: you verify, don't trust verify. Always double check your links,
Speaker 1: Always double check emails, double check any messages you get
Speaker 1: because it's tough out there, right You got hackers constantly
Speaker 1: looking for ways to exploit and hack anything they can
Speaker 1: within crypto, so just be careful. It would really suck
Speaker 1: if you lose your fund. So with this data breach,
Speaker 1: watch out for bad emails, watch out for physical mail.
Speaker 1: I remember getting some of these things years ago when
Speaker 1: Ledger had leak. I forgot what year was, but this
Speaker 1: is like twenty eighteen ish, twenty nineteen ish or something,
Speaker 1: and I got letters in the mail and I'm like,
Speaker 1: what the hell is this, you know, and it looks
Speaker 1: very official, so be careful, you know. I don't use
Speaker 1: the Ledger of hardware walts. I personally use Treasure, you know.
Speaker 1: I feel they make a better device with better security.
Speaker 1: And if you are a Ledger user, just make sure
Speaker 1: you watch it for these books. Okay, look at this news.
Speaker 1: This is really big as well. Tether and video platform
Speaker 1: Rumble launch a non custodial crypto wallet. So the wallet
Speaker 1: is built to facilitate crypto payments to Rumble's content creators
Speaker 1: from users on its video streaming platform, and the wallet
Speaker 1: will initially support Tether's dollar, pick stable, coorn usdt telor
Speaker 1: gold xau t the a tokenized commodity product, and Bitcoin.
Speaker 1: According to the announcement from Rumble, it looks like Moonpay
Speaker 1: is also integrating here, so Moonpay will provide Fiat currency
Speaker 1: on and off ramps for Rumble wallet users, enabling them
Speaker 1: to cash out crypto into local currencies. This is huge.
Speaker 1: I personally have my channel on rumble, so I upload
Speaker 1: there as well. YouTube is obviously bigger, and I wouldn't
Speaker 1: be surprised if YouTube is like, wait a minute, okay,
Speaker 1: we need to get on board and does something similar.
Speaker 1: I think that's coming right. And even the streaming platforms
Speaker 1: they podcast audio streaming platforms like Spotify and Apple that
Speaker 1: they do the same as well. So this is really
Speaker 1: really cool and I think it will lead to more
Speaker 1: adoption of crypto. Okay. Babylon receives fifteen million dollars from
Speaker 1: A sixteen Z crypto to expand Bitcoin native lending. Many
Speaker 1: of you know A sixteen z is a powerhouse. They
Speaker 1: have been for a long time investing in Web two
Speaker 1: you know Mark and Risen and Netscape and the Web
Speaker 1: one whirl of the nineties. The big investors guys huge, huge,
Speaker 1: and now they're all in on crypto and AI and
Speaker 1: much more so. Babylon decentralized protocol focus on enabling native
Speaker 1: bitcoin staking and lending. Receive fifteen million dollars in funding
Speaker 1: from A sixteen Z crypto through the sale of Babylon's
Speaker 1: native baby BA by Tokens, two D Digital Asset arm
Speaker 1: of Entries and Horoitz. Okay, Guys, what if I always
Speaker 1: told you watch where the VC and hedge fund capital
Speaker 1: is going. So if you know they're investing in this
Speaker 1: and they're buying the token, you know what I'm saying.
Speaker 1: You know, you could anticipate the price going up. So
Speaker 1: that's not financial advice, but it's one of the factors
Speaker 1: I use to invest in tokens. Now again, one of
Speaker 1: the factors. You have to go through the checklist, right,
Speaker 1: You got to look at the tokenomics, their release schedule.
Speaker 1: You got to make sure this is a legit project,
Speaker 1: because not everything that these firms invest in will pan out.
Speaker 1: They invest in a bunch of different companies and some
Speaker 1: are winners and some or not. So just make sure
Speaker 1: you do your research. Don't blindly invest just because a
Speaker 1: sixteen Z is doing it. But this is certainly a
Speaker 1: checklist item that you can check up and say, Okay,
Speaker 1: something to pay attention to. You've got some liquidity that's
Speaker 1: going to be coming in here. So again, you know,
Speaker 1: I like to call out certain things to you. Guys.
Speaker 1: I told you all about Canton Network, I'm telling you
Speaker 1: about this one. Now. I don't hold this token, but
Speaker 1: if I do, add it to my Portfoilo. I'll let
Speaker 1: you know final lose item here. Polymarket Dow Jones deal
Speaker 1: puts prediction markets data in the Wall Street Journal. So Polymarket,
Speaker 1: many of you know blockchain powered. These prediction markets are
Speaker 1: certainly the future and we're seeing mainstream integrating them. So again,
Speaker 1: mass adoption bridges being built between the traditional tech and
Speaker 1: trad fireworld to crypto and web three. This is really
Speaker 1: really amazing. So in a Wednesday notice, Polymarket and Dow
Speaker 1: Jones said the predictions market data will be available on
Speaker 1: the Wall Street Journal, Baron's market Watch, and Investors Business Daily,
Speaker 1: among others. According to the companies, Polymarket will be featured
Speaker 1: in dedicated data modules on website and select print placements.
Speaker 1: So we are just at the tippity iceberg, folks of
Speaker 1: mass adoption. The building is happening. We need market structure
Speaker 1: to pass to allot us, all to go exponential as
Speaker 1: far as adoption and building, and we are going to
Speaker 1: see valuations skyrocket. But you know, there's a process to it.
Speaker 1: So that's why I'm not just bullish on this cycle,
Speaker 1: but future cycles as well. And yeah, folks, it's exciting, Okay, folks,
Speaker 1: that's the news. Let me know what you think. Leave
Speaker 1: your thoughts in comments below, hit the thumbs up button.
Speaker 1: Subscribe if you haven't as yet, be sure to support
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Speaker 1: Check out my book on Amazon grab a copy. It's
Speaker 1: available in paperback, in digital, and my course at mycrypto
Speaker 1: course dot com. Folks, thank you for tuning in. I
Speaker 1: appreciate you all, and I'll talk to you all later