Speaker 1: Hey, everyone, 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 let that subscribe button as
Speaker 1: well as the thumbs up button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Okay, folks,
Speaker 1: let's quickly talk about bitcoin because we are still range
Speaker 1: bound in this sideways chop zone. It's kind of annoying,
Speaker 1: but Bitcoin is slowly creeping upwards. We're near seventy three
Speaker 1: thousand dollars, so we're going to see in the coming week,
Speaker 1: could we see some more strength along with the stock market.
Speaker 1: You know, everything has been kind of rallying on the
Speaker 1: stock market side since the ceasefire announcement between the US
Speaker 1: and Iran, but you know, that could be short lived.
Speaker 1: That situation is still volatile. There's a lot of uncertainty there.
Speaker 1: But our hope is that Bitcoin could continue this relief rally,
Speaker 1: potentially touch eighty k or go higher then roll over
Speaker 1: to the fifty k's. That's my thesis. Again, I could
Speaker 1: be wrong, right, We're gonna look at different scenarios and
Speaker 1: look at the probabilities of what has a likelihood to
Speaker 1: play out. And here I'll share two point of views
Speaker 1: from two separate analysts. One using Fibonacci analysis is calling
Speaker 1: for bitcoin to rally higher than eighty k, possibly over
Speaker 1: ninety k, which would put us at a six one
Speaker 1: eight Fibonacci and then a big dump in fact to
Speaker 1: to forty five K range before continuing higher later this year.
Speaker 1: So that's one scenario. The other is this is just
Speaker 1: simply a range bound sideways chop that retests the high
Speaker 1: it hit about a couple of weeks ago, about seventy
Speaker 1: seven thousand dollars, then it just dumps down to fifty
Speaker 1: K range. So I'm more leading towards this that it
Speaker 1: may overshoot and hit eighty k's look three thousand dollars
Speaker 1: more right, seventy seven thousand, and then roll over. So
Speaker 1: I'm in a camp of this happening, but we're gonna
Speaker 1: have to wait and see. Markets can certainly surprise us.
Speaker 1: And you know, I've been saying that I hope the
Speaker 1: reallyef rally continues and has enough strength where you can
Speaker 1: pull some all coins, but.
Speaker 2: That's not guaranteed.
Speaker 1: And one factor that could contribute to a rally potentially
Speaker 1: over eighty k is some good news on the Clarity Act,
Speaker 1: the Crypto Market Structure bill. So Treasury Secretary Scott Bessen
Speaker 1: he put out an opinion piece on the Wall Street Journal,
Speaker 1: and he tweeted out, Congress has spent the better half
Speaker 1: of a decade trying to pass a framework to ensure
Speaker 1: the future of finance. It's time for the Senate Banking
Speaker 1: Committee to hold a markup and send the Clarity Act
Speaker 1: to President Trump's deaths. Senate time is precious and now
Speaker 1: is the time to act. So we've been talking a
Speaker 1: lot about the timeline recently. The clock is ticking. If
Speaker 1: we don't get some sort of markup done this month
Speaker 1: and then you know we put should into May to
Speaker 1: get the passing done, we're gonna have problems because it's
Speaker 1: an election year, and you know time is going to
Speaker 1: run out and people are not going to be focused
Speaker 1: on bills.
Speaker 2: They're going to be focused on the elections.
Speaker 1: Right, So it's great that Scott Besston's coming out here
Speaker 1: leading the charge, putting out the article on the Wall
Speaker 1: Street Journal. But what's a good sign, and this is
Speaker 1: what has me optimistic that something could happen very soon
Speaker 1: because Brian Armstrong, CEO of Coinbase, retweeted what Scott Besson
Speaker 1: said and said, we agree. Thank you Scott Beston for
Speaker 1: saying it. It's time to pass the clarity at grateful
Speaker 1: for all the bipartisan work among senators and staff over
Speaker 1: the past several months to make this a strong bill. Now,
Speaker 1: the banks have been holding this up because they've been
Speaker 1: lobbying members of the Senate because they don't like that
Speaker 1: you can go earn a high interest or yield on
Speaker 1: platforms like coinbase. So we heard that some sort of
Speaker 1: compromise has been completed. We don't have the details yet.
Speaker 1: Coinbase is happy with it, and along with other industry players,
Speaker 1: you know, we could get that compromise solidified and then
Speaker 1: they can get this bill move forward, so that could
Speaker 1: spark their rally in the market. So we're gonna have
Speaker 1: to wait and see how it all plays out, but
Speaker 1: that would be huge, very very huge. And again there's
Speaker 1: a bit of a bier rumor sell the news event,
Speaker 1: so we're gonna have to watch out for that. So
Speaker 1: that's why we're going to continue to look at the
Speaker 1: charts first, then the news. But this is very very
Speaker 1: interesting and fingers crossed guys that we can get this
Speaker 1: done this month and we have a big rally again,
Speaker 1: not to new all time highs, but you know, just
Speaker 1: a very strong relief rally, and it aligns with what
Speaker 1: the stock market's doing and much more. Now, speaking of Coinbase,
Speaker 1: this is very interesting. This week Morgan Stanley launched their
Speaker 1: bigcoin ETF. Well, Brian Armstrong tweeted out that Coinbase has
Speaker 1: been named as a custodian for the Morgan Stanley Bigcoin Trust.
Speaker 1: He said institutional adoption continue regardless of short term price effects,
Speaker 1: so he spot on. The building that's happening is at
Speaker 1: an all time level. It's incredible, but the price doesn't
Speaker 1: match because we're in the bear market. However, as I've
Speaker 1: been saying, we get the Clarity Act pass in addition
Speaker 1: to other legislation that's being passed.
Speaker 2: Around the world. You have all these big.
Speaker 1: Tradify institutions building on rams such as ETF and different
Speaker 1: crypto products. What do you think is gonna happen the
Speaker 1: next bullmarket cycle? It's gonna be incredible.
Speaker 2: I think the.
Speaker 1: Super cycle kicks off, guys, and we're gonna see new
Speaker 1: all time highs. I think we're gonna see a much
Speaker 1: stronger bull run than we just had, you know, which
Speaker 1: was really lackluster. But we got to get through this
Speaker 1: bear market. So make sure you have the long term view.
Speaker 2: Now.
Speaker 1: If you have the long term view, guys, a great
Speaker 1: place to invest in crypto and precious metals is on
Speaker 1: I Trust Capital. So I Trust Capital gives you an
Speaker 1: IRA to invest in over ninety plus crypto assets, even
Speaker 1: stable coins like ripples, r L, USD circles USDC, and
Speaker 1: precious metals like gold and silver. You can buy and
Speaker 1: sell these assets twenty four to seven. It's low cost
Speaker 1: and no monthly fee. But the big benefit is you
Speaker 1: get huge tax advantages. So many of you know you
Speaker 1: incur capital gains taxes when you sell in a profit.
Speaker 1: Of course, well you can reduce your tax implifications.
Speaker 2: By doing it via an IRA.
Speaker 1: And we know the US government itself is looking to
Speaker 1: position crypto and four to one K so this whole
Speaker 1: setup is coming right where a lot of money you're
Speaker 1: going to be coming into the crypto asset class. So
Speaker 1: if you are bullish on both crypto and precious metals,
Speaker 1: you can invest via the IRA with I Trust Capital
Speaker 1: and if you have an existing four to one k
Speaker 1: or IRA, you can roll it over to I Trust
Speaker 1: Capital's version.
Speaker 2: Now.
Speaker 1: I Trust also offers a premium custody account, and I
Speaker 1: believe this is the second safest way to custody your
Speaker 1: assets outside of self custody where you control the private keys,
Speaker 1: because they use institutional grade cryptoc so to use coinbas Prime,
Speaker 1: which black Rock uses, Fidelity Digital Assets, Fireblocks and many others.
Speaker 2: So great custodial.
Speaker 1: Service tier one institutional level and it's a closed loop
Speaker 1: system so if someone hacks into your account, they can't
Speaker 1: withdraw any funds guys, So it's really safe, and it's
Speaker 1: low fees and you can go in and out twenty
Speaker 1: four to seven of course. So really great solutions here
Speaker 1: being offered by I Trust Capital. I have an account
Speaker 1: with them, and if you sign up with my link
Speaker 1: you can get one hundred dollars funding bonus. So check
Speaker 1: them out. Go to I Trustcapital dot com, slash go,
Speaker 1: slash Thinking Crypto.
Speaker 2: The link will be in the description.
Speaker 1: Now, folks, here's some news I really don't want to
Speaker 1: talk about because it's really annoying and frustrating. It and
Speaker 1: I think many of you know how I feel about it.
Speaker 1: We have news here that Trump is going to attend
Speaker 1: a meme cooin conference later this month. According to Politico,
Speaker 1: this is of course around the Trump meme coin. And
Speaker 1: I don't believe any elected officials should have a thing
Speaker 1: like this.
Speaker 2: That this is really really bad, horrible optics.
Speaker 1: I've said it many times, and the fact that he's
Speaker 1: going to do this is really really annoying. I wish
Speaker 1: he would just stay out of these things, and you know,
Speaker 1: things like meme coin, even World Liberty Financial. I think
Speaker 1: his kids having some businesses like the American bitcoin mining companies, fine,
Speaker 1: but these things that are attached to him that have
Speaker 1: Trump brand on them and much more. They need to
Speaker 1: sunset these things. But look, I don't think we can
Speaker 1: control that. And look here we get reports that senators
Speaker 1: are questioning Trump's meme cooin event attendance, and of course
Speaker 1: it includes Elizabeth Warren. So by doing these things, he's
Speaker 1: also causing problems that could potentially block the claritiac. And
Speaker 1: this is the frust trading part. And I'm sure many
Speaker 1: of you saw this news, but there's a lot of
Speaker 1: controversy around World Liberty Financial. It borrowed millions from a
Speaker 1: protocol it owned, its own advisor co founded, so unchained
Speaker 1: data shows we're Liberty Financial deposited five billion of its
Speaker 1: own tokens as collateral to borrow so stable coins. It's
Speaker 1: sent to coinbase Prime, pushing a lending protocol to one
Speaker 1: hundred percent utilization and leaving depositors unable to withdraw. So
Speaker 1: essentially they minted this is according to what people are saying,
Speaker 1: they minted a bunch of their tokens and then went
Speaker 1: on board USDC against it. So right now there's a
Speaker 1: media social media frenzy around this and a lot of
Speaker 1: people are tweeting about it, and as a result, the
Speaker 1: WLFI token is down is down to twelve percent to
Speaker 1: all time lows after they did this, and a lot
Speaker 1: of influencers, a lot of people are calling it out
Speaker 1: so horrible optics.
Speaker 2: Man. Again, it's just ridiculous. Man. I wish the president.
Speaker 1: And these people who I think some people are taking
Speaker 1: advantage of the Trump name. They go to him and say, hey,
Speaker 1: we'll give you X amount of money, let us use
Speaker 1: this or build this with your name. You know, A
Speaker 1: bit of that is happening, and I wish somebody was
Speaker 1: advising him or he would take this up and say,
Speaker 1: hell no, I can't do that, right, but unfortunately here
Speaker 1: it is so today though the word liberty financial folks says,
Speaker 1: two days ago we repaid fifteen million dollars USD one
Speaker 1: on our WLFI markets position. Today we repaired another ten
Speaker 1: million dollars USD one. So the word liberty financial guys
Speaker 1: have been tweeting NonStop, trying to you know, combat all
Speaker 1: the information that's been put out there, and it looks
Speaker 1: like they're getting forced to own up.
Speaker 2: To some things here.
Speaker 1: So it's great that, you know, we're keeping them accountable
Speaker 1: and people are you know, exposing things and calling them out,
Speaker 1: but just shady stuff.
Speaker 2: Man.
Speaker 1: Again, I think this is just people on the outside
Speaker 1: are looking at this saying, look, these guys are scammers, right,
Speaker 1: They're trying this is like FTX minting your tokens, going
Speaker 1: and borrowing. It's FTX like So it really sucks. Anyway,
Speaker 1: let's move ahead. We got reports here that potential buyers
Speaker 1: are evaluating an acquisition of parts of the Gemini crypto
Speaker 1: exchange back by billionaire Winkle Bass Twins. Gemini has had
Speaker 1: a hard time, man, you know, I tweeted out about it,
Speaker 1: and I'll read that tweet because I think it's summarizes
Speaker 1: what's happening.
Speaker 2: I said, I'm not surprised by this.
Speaker 1: Gemini has always had a hard time grabbing market share
Speaker 1: from Coinbase and cracking, and the Genesis Earned situation was
Speaker 1: the nail in the coffin. They haven't recovered since. With
Speaker 1: that said, I'm chomping at the bit to see who
Speaker 1: acquires them. So again, they haven't been one of the
Speaker 1: largest exchanges out there. They've been around for a long time,
Speaker 1: the Winklevoss twins many they were in crypto for a
Speaker 1: long time. They filed for the first BIGCOININGTF. Their exchange
Speaker 1: should have been further along. It should have been like
Speaker 1: maybe Kracking. I wouldn't say it should have been like Coinbase,
Speaker 1: but maybe the size of krakeing. But for whatever reason,
Speaker 1: mismanagement or you know, I think in the early days
Speaker 1: they were avoiding a lot of all coins. They were
Speaker 1: very bigcoin only kind of right, and then the rest
Speaker 1: of the market moved past like listing all coins, and
Speaker 1: I think they were late to that game.
Speaker 2: And then that Genesis.
Speaker 1: Earned situation was really bad for them. But I'm curious
Speaker 1: who is going to acquire this exchange? Could it be
Speaker 1: like cracking? Could be you know some tradi fi companies
Speaker 1: who want to get into the crypto game, and they say, hey, look,
Speaker 1: Gemini's got the infrastructure.
Speaker 2: They do have a lot of licenses. They launch a
Speaker 2: prediction market.
Speaker 1: As well, and they would be a nice company to
Speaker 1: go acquire because they have a lot of these puzzle
Speaker 1: pieces and then you fix some of the problems obviously,
Speaker 1: So keep an eye on this, guys. Don't be surprised
Speaker 1: if I don't know, a JP Morgan or something goes
Speaker 1: in and boughts this company. So this is going to
Speaker 1: be very interesting. Okay, moving ahead. XRP adjacent Flair proposes
Speaker 1: protocol level MeV capture and forty percent inflation cut. So
Speaker 1: I am an XRP holder and a Flare token holder.
Speaker 1: I of course got the snapshot from back in the day,
Speaker 1: and I hold a good amount of Flare tokens that
Speaker 1: I'm hoping the next bowlmarket cycle it can do well.
Speaker 1: So propose a governance overhaul to capture maximal extractable value
Speaker 1: MeTV at the protocol level and redirected from external searchers
Speaker 1: and builders to the network itself. The plan introduces a
Speaker 1: three stage redesign of block building and a new Flare
Speaker 1: Income Reinvestment entity to channel MeV and other protocol revenues
Speaker 1: into Flare buybacks and token burns, while cutting annual inflation
Speaker 1: to three percent.
Speaker 2: The proposal would.
Speaker 1: Sharply increase the base gas fee and boost annual token
Speaker 1: burns even as typical transactions remain under a cent. So
Speaker 1: great to see that upgrades and expansions continue to happen
Speaker 1: here with the Flare network. Now, on the tokenization front,
Speaker 1: this is interesting. Securitize, which is of course the major
Speaker 1: tokenization firm. They help black Rock to tokenize and start
Speaker 1: their Biddle fund, and black Rock is actually an investor
Speaker 1: in securities and they are looking to go public. So
Speaker 1: you know, this has been mentioned many times, I think
Speaker 1: via spac. Well, they named an ex sec official, Brett Redfern,
Speaker 1: as president ahead of public listening. So this is an
Speaker 1: interesting one. And we've seen this with many other companies.
Speaker 1: They'll bring in certain people of a certain caliber and
Speaker 1: position and expertise and you know, before they go public.
Speaker 1: So this will be big, right, another crypto company going
Speaker 1: public and you know, essentially the leader in tokenization as
Speaker 1: far as a crypto native firm. And I remember interviewing
Speaker 1: Jamie Finn, one of the co founders, back in twenty
Speaker 1: eighteen when they were so small they had a little
Speaker 1: booth at World Crypto Con and wow, they've become this powerhouse,
Speaker 1: So how times have changed. It's it's incredible. And speaking
Speaker 1: of tokenization, SpaceX is coming to Solana. So pre spas
Speaker 1: powered by Republic launches April eighteenth on bitget ipo Prime.
Speaker 1: Now this is not directly affiliated with SpaceX. It's a
Speaker 1: token to track the performance of this stock, which is
Speaker 1: interesting and you know, I'm not heard of this concept,
Speaker 1: so it's not affiliated and it doesn't grant any actual equity,
Speaker 1: but it's an interesting way kind of like a mean coin,
Speaker 1: a controlled mean coin and a controlled environment, you know.
Speaker 2: So we'll see how this works.
Speaker 1: But this is a fascinating one and it could be
Speaker 1: a future you know, monetization model or investment model that's used.
Speaker 1: So very very interesting. And you know, Elon looking to
Speaker 1: take SpaceX public of course, and I may invest in
Speaker 1: the SpaceX stock, but of course I never invest when
Speaker 1: a company goes public.
Speaker 2: That's that's where you get dumped on right.
Speaker 1: You wait for that stock to crash back down after
Speaker 1: you know, pumping insanely, and then you buy the blood
Speaker 1: in the streets. Right, Guys, you remember I was telling
Speaker 1: you all about the circle stufu circle when public.
Speaker 2: I'm not buying that now. I like the company, I
Speaker 2: like what they're doing.
Speaker 1: I'm going to invest in them, but I'm waiting for
Speaker 1: what the stock is now, right when it's down. So
Speaker 1: this is how you got to play it both On
Speaker 1: the crypto side, you always want to buy when there's fear.
Speaker 2: It looks like it's over, something's crashing.
Speaker 1: Now, obviously you have to do your research, make sure
Speaker 1: the fundamental is good, the company is still in good shape.
Speaker 2: Right.
Speaker 1: You don't want to invest in a bankrupt company with
Speaker 1: a stock is dumping, right, You don't want to, You
Speaker 1: don't want to be stupid. But if everything is good
Speaker 1: copa setic, their finances, their licenses, you know everything's good
Speaker 1: on that front, you wait for that stock to go down, guys,
Speaker 1: to take your position, all right. Moving ahead, Binance adds
Speaker 1: prediction markets to its app for millions of users. So
Speaker 1: prediction markets are taking over here, and it's pretty crazy.
Speaker 2: The world is becoming more.
Speaker 1: Financialized, and there's a lot of sports betting.
Speaker 2: There's prediction markets now.
Speaker 1: It's it's pretty wild, but one could argue it's because
Speaker 1: scene model coming online, right, It's making it easy for
Speaker 1: you to bet and gamble and do all these things.
Speaker 2: And look, some of it is good, some of it
Speaker 2: is bad.
Speaker 1: Right, We're gonna have to educate people and help people
Speaker 1: because some people can get addicted and lose money. And
Speaker 1: it's even easier now because you don't even have to
Speaker 1: leave your house. You can be anywhere you have internet
Speaker 1: connection and you can do it. So these are things
Speaker 1: you're gonna have to deal with. But it's interesting that
Speaker 1: Binance is doing this. So Binance added a prediction markets
Speaker 1: feature to binance Wallet, connecting it to predict dot fund
Speaker 1: on the BnB smart chain, letting users trade without leaving
Speaker 1: the app. The integration covers gas costs to lower barriers
Speaker 1: for retailer users. Binance doesn't operate the markets directly, instead
Speaker 1: providing access to a third party application. So very interesting. 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 and please support the podcast. Buy subscribing to my
Speaker 1: free email newsletter. It is one hundred percent free. Link
Speaker 1: will be in the description. Check out my book on Amazon.
Speaker 1: It's available in paperback in digital, and check out my
Speaker 1: course at mycrypto course dot com. This is a comprehensive
Speaker 1: course that teaches you everything you need to know about
Speaker 1: crypto and blockchain technology. Best of all, it features expert commentary.
Speaker 1: No other crypto course offers that. And folks, we have
Speaker 1: a huge bear market sale going on. You get fifty
Speaker 1: percent off the price of the course if you use
Speaker 1: the code bear b e A R at checkout. Use
Speaker 1: the code bear at checkout and get that fifty percent
Speaker 1: off and check out the course. Go at your own pace,
Speaker 1: share the log in with your friends and family.
Speaker 2: If you want.
Speaker 1: And if you have questions, you can leave them even
Speaker 1: in the lessons. Each lesson has a feel to leave questions.
Speaker 1: You'll see some people have already asked questions there and
Speaker 1: I go in and answer them. So check it out, guys,
Speaker 1: go to mycryptocourse dot com. Folks, thank you so much
Speaker 1: for tuning in. I appreciate you all, and I'll talk
Speaker 1: to you all later.