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<v Speaker 1>Hey, everyone, Welcome into the Thinking Crypto podcast, your 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 let that subscribe button as

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

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

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

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<v Speaker 1>let's quickly talk about bitcoin because we are still range

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<v Speaker 1>bound in this sideways chop zone. It's kind of annoying,

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<v Speaker 1>but Bitcoin is slowly creeping upwards. We're near seventy three

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<v Speaker 1>thousand dollars, so we're going to see in the coming week,

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<v Speaker 1>could we see some more strength along with the stock market.

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<v Speaker 1>You know, everything has been kind of rallying on the

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<v Speaker 1>stock market side since the ceasefire announcement between the US

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<v Speaker 1>and Iran, but you know, that could be short lived.

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<v Speaker 1>That situation is still volatile. There's a lot of uncertainty there.

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<v Speaker 1>But our hope is that Bitcoin could continue this relief rally,

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<v Speaker 1>potentially touch eighty k or go higher then roll over

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<v Speaker 1>to the fifty k's. That's my thesis. Again, I could

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<v Speaker 1>be wrong, right, We're gonna look at different scenarios and

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<v Speaker 1>look at the probabilities of what has a likelihood to

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<v Speaker 1>play out. And here I'll share two point of views

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<v Speaker 1>from two separate analysts. One using Fibonacci analysis is calling

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<v Speaker 1>for bitcoin to rally higher than eighty k, possibly over

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<v Speaker 1>ninety k, which would put us at a six one

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<v Speaker 1>eight Fibonacci and then a big dump in fact to

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<v Speaker 1>to forty five K range before continuing higher later this year.

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<v Speaker 1>So that's one scenario. The other is this is just

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<v Speaker 1>simply a range bound sideways chop that retests the high

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<v Speaker 1>it hit about a couple of weeks ago, about seventy

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<v Speaker 1>seven thousand dollars, then it just dumps down to fifty

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<v Speaker 1>K range. So I'm more leading towards this that it

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<v Speaker 1>may overshoot and hit eighty k's look three thousand dollars

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<v Speaker 1>more right, seventy seven thousand, and then roll over. So

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<v Speaker 1>I'm in a camp of this happening, but we're gonna

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<v Speaker 1>have to wait and see. Markets can certainly surprise us.

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<v Speaker 1>And you know, I've been saying that I hope the

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<v Speaker 1>reallyef rally continues and has enough strength where you can

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<v Speaker 1>pull some all coins, but.

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<v Speaker 2>That's not guaranteed.

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<v Speaker 1>And one factor that could contribute to a rally potentially

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<v Speaker 1>over eighty k is some good news on the Clarity Act,

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<v Speaker 1>the Crypto Market Structure bill. So Treasury Secretary Scott Bessen

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<v Speaker 1>he put out an opinion piece on the Wall Street Journal,

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<v Speaker 1>and he tweeted out, Congress has spent the better half

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<v Speaker 1>of a decade trying to pass a framework to ensure

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<v Speaker 1>the future of finance. It's time for the Senate Banking

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<v Speaker 1>Committee to hold a markup and send the Clarity Act

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<v Speaker 1>to President Trump's deaths. Senate time is precious and now

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<v Speaker 1>is the time to act. So we've been talking a

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<v Speaker 1>lot about the timeline recently. The clock is ticking. If

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<v Speaker 1>we don't get some sort of markup done this month

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<v Speaker 1>and then you know we put should into May to

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<v Speaker 1>get the passing done, we're gonna have problems because it's

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<v Speaker 1>an election year, and you know time is going to

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<v Speaker 1>run out and people are not going to be focused

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<v Speaker 1>on bills.

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<v Speaker 2>They're going to be focused on the elections.

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<v Speaker 1>Right, So it's great that Scott Besston's coming out here

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<v Speaker 1>leading the charge, putting out the article on the Wall

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<v Speaker 1>Street Journal. But what's a good sign, and this is

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<v Speaker 1>what has me optimistic that something could happen very soon

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<v Speaker 1>because Brian Armstrong, CEO of Coinbase, retweeted what Scott Besson

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<v Speaker 1>said and said, we agree. Thank you Scott Beston for

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<v Speaker 1>saying it. It's time to pass the clarity at grateful

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<v Speaker 1>for all the bipartisan work among senators and staff over

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<v Speaker 1>the past several months to make this a strong bill. Now,

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<v Speaker 1>the banks have been holding this up because they've been

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<v Speaker 1>lobbying members of the Senate because they don't like that

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<v Speaker 1>you can go earn a high interest or yield on

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<v Speaker 1>platforms like coinbase. So we heard that some sort of

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<v Speaker 1>compromise has been completed. We don't have the details yet.

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<v Speaker 1>Coinbase is happy with it, and along with other industry players,

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<v Speaker 1>you know, we could get that compromise solidified and then

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<v Speaker 1>they can get this bill move forward, so that could

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<v Speaker 1>spark their rally in the market. So we're gonna have

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<v Speaker 1>to wait and see how it all plays out, but

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<v Speaker 1>that would be huge, very very huge. And again there's

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<v Speaker 1>a bit of a bier rumor sell the news event,

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<v Speaker 1>so we're gonna have to watch out for that. So

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<v Speaker 1>that's why we're going to continue to look at the

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<v Speaker 1>charts first, then the news. But this is very very

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<v Speaker 1>interesting and fingers crossed guys that we can get this

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<v Speaker 1>done this month and we have a big rally again,

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<v Speaker 1>not to new all time highs, but you know, just

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<v Speaker 1>a very strong relief rally, and it aligns with what

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<v Speaker 1>the stock market's doing and much more. Now, speaking of Coinbase,

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<v Speaker 1>this is very interesting. This week Morgan Stanley launched their

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<v Speaker 1>bigcoin ETF. Well, Brian Armstrong tweeted out that Coinbase has

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<v Speaker 1>been named as a custodian for the Morgan Stanley Bigcoin Trust.

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<v Speaker 1>He said institutional adoption continue regardless of short term price effects,

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<v Speaker 1>so he spot on. The building that's happening is at

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<v Speaker 1>an all time level. It's incredible, but the price doesn't

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<v Speaker 1>match because we're in the bear market. However, as I've

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<v Speaker 1>been saying, we get the Clarity Act pass in addition

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<v Speaker 1>to other legislation that's being passed.

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<v Speaker 2>Around the world. You have all these big.

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<v Speaker 1>Tradify institutions building on rams such as ETF and different

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<v Speaker 1>crypto products. What do you think is gonna happen the

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<v Speaker 1>next bullmarket cycle? It's gonna be incredible.

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<v Speaker 2>I think the.

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<v Speaker 1>Super cycle kicks off, guys, and we're gonna see new

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<v Speaker 1>all time highs. I think we're gonna see a much

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<v Speaker 1>stronger bull run than we just had, you know, which

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<v Speaker 1>was really lackluster. But we got to get through this

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<v Speaker 1>bear market. So make sure you have the long term view.

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<v Speaker 2>Now.

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<v Speaker 1>If you have the long term view, guys, a great

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<v Speaker 1>place to invest in crypto and precious metals is on

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<v Speaker 1>I Trust Capital. So I Trust Capital gives you an

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<v Speaker 1>IRA to invest in over ninety plus crypto assets, even

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<v Speaker 1>stable coins like ripples, r L, USD circles USDC, and

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<v Speaker 1>precious metals like gold and silver. You can buy and

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<v Speaker 1>sell these assets twenty four to seven. It's low cost

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<v Speaker 1>and no monthly fee. But the big benefit is you

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<v Speaker 1>get huge tax advantages. So many of you know you

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<v Speaker 1>incur capital gains taxes when you sell in a profit.

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<v Speaker 1>Of course, well you can reduce your tax implifications.

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<v Speaker 2>By doing it via an IRA.

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<v Speaker 1>And we know the US government itself is looking to

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<v Speaker 1>position crypto and four to one K so this whole

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<v Speaker 1>setup is coming right where a lot of money you're

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<v Speaker 1>going to be coming into the crypto asset class. So

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<v Speaker 1>if you are bullish on both crypto and precious metals,

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<v Speaker 1>you can invest via the IRA with I Trust Capital

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<v Speaker 1>and if you have an existing four to one k

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<v Speaker 1>or IRA, you can roll it over to I Trust

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<v Speaker 1>Capital's version.

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<v Speaker 2>Now.

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<v Speaker 1>I Trust also offers a premium custody account, and I

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<v Speaker 1>believe this is the second safest way to custody your

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<v Speaker 1>assets outside of self custody where you control the private keys,

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<v Speaker 1>because they use institutional grade cryptoc so to use coinbas Prime,

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<v Speaker 1>which black Rock uses, Fidelity Digital Assets, Fireblocks and many others.

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<v Speaker 2>So great custodial.

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<v Speaker 1>Service tier one institutional level and it's a closed loop

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<v Speaker 1>system so if someone hacks into your account, they can't

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<v Speaker 1>withdraw any funds guys, So it's really safe, and it's

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<v Speaker 1>low fees and you can go in and out twenty

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<v Speaker 1>four to seven of course. So really great solutions here

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<v Speaker 1>being offered by I Trust Capital. I have an account

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<v Speaker 1>with them, and if you sign up with my link

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<v Speaker 1>you can get one hundred dollars funding bonus. So check

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<v Speaker 1>them out. Go to I Trustcapital dot com, slash go,

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<v Speaker 1>slash Thinking Crypto.

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<v Speaker 2>The link will be in the description.

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<v Speaker 1>Now, folks, here's some news I really don't want to

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<v Speaker 1>talk about because it's really annoying and frustrating. It and

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<v Speaker 1>I think many of you know how I feel about it.

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<v Speaker 1>We have news here that Trump is going to attend

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<v Speaker 1>a meme cooin conference later this month. According to Politico,

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<v Speaker 1>this is of course around the Trump meme coin. And

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<v Speaker 1>I don't believe any elected officials should have a thing

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<v Speaker 1>like this.

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<v Speaker 2>That this is really really bad, horrible optics.

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<v Speaker 1>I've said it many times, and the fact that he's

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<v Speaker 1>going to do this is really really annoying. I wish

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<v Speaker 1>he would just stay out of these things, and you know,

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<v Speaker 1>things like meme coin, even World Liberty Financial. I think

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<v Speaker 1>his kids having some businesses like the American bitcoin mining companies, fine,

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<v Speaker 1>but these things that are attached to him that have

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<v Speaker 1>Trump brand on them and much more. They need to

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<v Speaker 1>sunset these things. But look, I don't think we can

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<v Speaker 1>control that. And look here we get reports that senators

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<v Speaker 1>are questioning Trump's meme cooin event attendance, and of course

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<v Speaker 1>it includes Elizabeth Warren. So by doing these things, he's

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<v Speaker 1>also causing problems that could potentially block the claritiac. And

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<v Speaker 1>this is the frust trading part. And I'm sure many

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<v Speaker 1>of you saw this news, but there's a lot of

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<v Speaker 1>controversy around World Liberty Financial. It borrowed millions from a

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<v Speaker 1>protocol it owned, its own advisor co founded, so unchained

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<v Speaker 1>data shows we're Liberty Financial deposited five billion of its

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<v Speaker 1>own tokens as collateral to borrow so stable coins. It's

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<v Speaker 1>sent to coinbase Prime, pushing a lending protocol to one

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<v Speaker 1>hundred percent utilization and leaving depositors unable to withdraw. So

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<v Speaker 1>essentially they minted this is according to what people are saying,

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<v Speaker 1>they minted a bunch of their tokens and then went

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<v Speaker 1>on board USDC against it. So right now there's a

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<v Speaker 1>media social media frenzy around this and a lot of

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<v Speaker 1>people are tweeting about it, and as a result, the

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<v Speaker 1>WLFI token is down is down to twelve percent to

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<v Speaker 1>all time lows after they did this, and a lot

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<v Speaker 1>of influencers, a lot of people are calling it out

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<v Speaker 1>so horrible optics.

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<v Speaker 2>Man. Again, it's just ridiculous. Man. I wish the president.

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<v Speaker 1>And these people who I think some people are taking

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<v Speaker 1>advantage of the Trump name. They go to him and say, hey,

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<v Speaker 1>we'll give you X amount of money, let us use

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<v Speaker 1>this or build this with your name. You know, A

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<v Speaker 1>bit of that is happening, and I wish somebody was

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<v Speaker 1>advising him or he would take this up and say,

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<v Speaker 1>hell no, I can't do that, right, but unfortunately here

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<v Speaker 1>it is so today though the word liberty financial folks says,

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<v Speaker 1>two days ago we repaid fifteen million dollars USD one

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<v Speaker 1>on our WLFI markets position. Today we repaired another ten

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<v Speaker 1>million dollars USD one. So the word liberty financial guys

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<v Speaker 1>have been tweeting NonStop, trying to you know, combat all

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<v Speaker 1>the information that's been put out there, and it looks

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<v Speaker 1>like they're getting forced to own up.

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<v Speaker 2>To some things here.

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<v Speaker 1>So it's great that, you know, we're keeping them accountable

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<v Speaker 1>and people are you know, exposing things and calling them out,

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<v Speaker 1>but just shady stuff.

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<v Speaker 2>Man.

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<v Speaker 1>Again, I think this is just people on the outside

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<v Speaker 1>are looking at this saying, look, these guys are scammers, right,

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<v Speaker 1>They're trying this is like FTX minting your tokens, going

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<v Speaker 1>and borrowing. It's FTX like So it really sucks. Anyway,

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<v Speaker 1>let's move ahead. We got reports here that potential buyers

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<v Speaker 1>are evaluating an acquisition of parts of the Gemini crypto

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<v Speaker 1>exchange back by billionaire Winkle Bass Twins. Gemini has had

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<v Speaker 1>a hard time, man, you know, I tweeted out about it,

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<v Speaker 1>and I'll read that tweet because I think it's summarizes

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<v Speaker 1>what's happening.

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<v Speaker 2>I said, I'm not surprised by this.

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<v Speaker 1>Gemini has always had a hard time grabbing market share

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<v Speaker 1>from Coinbase and cracking, and the Genesis Earned situation was

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<v Speaker 1>the nail in the coffin. They haven't recovered since. With

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<v Speaker 1>that said, I'm chomping at the bit to see who

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<v Speaker 1>acquires them. So again, they haven't been one of the

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<v Speaker 1>largest exchanges out there. They've been around for a long time,

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<v Speaker 1>the Winklevoss twins many they were in crypto for a

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<v Speaker 1>long time. They filed for the first BIGCOININGTF. Their exchange

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<v Speaker 1>should have been further along. It should have been like

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<v Speaker 1>maybe Kracking. I wouldn't say it should have been like Coinbase,

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<v Speaker 1>but maybe the size of krakeing. But for whatever reason,

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<v Speaker 1>mismanagement or you know, I think in the early days

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<v Speaker 1>they were avoiding a lot of all coins. They were

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<v Speaker 1>very bigcoin only kind of right, and then the rest

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<v Speaker 1>of the market moved past like listing all coins, and

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<v Speaker 1>I think they were late to that game.

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<v Speaker 2>And then that Genesis.

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<v Speaker 1>Earned situation was really bad for them. But I'm curious

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<v Speaker 1>who is going to acquire this exchange? Could it be

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<v Speaker 1>like cracking? Could be you know some tradi fi companies

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<v Speaker 1>who want to get into the crypto game, and they say, hey, look,

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<v Speaker 1>Gemini's got the infrastructure.

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<v Speaker 2>They do have a lot of licenses. They launch a

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<v Speaker 2>prediction market.

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<v Speaker 1>As well, and they would be a nice company to

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<v Speaker 1>go acquire because they have a lot of these puzzle

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<v Speaker 1>pieces and then you fix some of the problems obviously,

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<v Speaker 1>So keep an eye on this, guys. Don't be surprised

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<v Speaker 1>if I don't know, a JP Morgan or something goes

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<v Speaker 1>in and boughts this company. So this is going to

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<v Speaker 1>be very interesting. Okay, moving ahead. XRP adjacent Flair proposes

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<v Speaker 1>protocol level MeV capture and forty percent inflation cut. So

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<v Speaker 1>I am an XRP holder and a Flare token holder.

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<v Speaker 1>I of course got the snapshot from back in the day,

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<v Speaker 1>and I hold a good amount of Flare tokens that

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<v Speaker 1>I'm hoping the next bowlmarket cycle it can do well.

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<v Speaker 1>So propose a governance overhaul to capture maximal extractable value

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<v Speaker 1>MeTV at the protocol level and redirected from external searchers

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<v Speaker 1>and builders to the network itself. The plan introduces a

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<v Speaker 1>three stage redesign of block building and a new Flare

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<v Speaker 1>Income Reinvestment entity to channel MeV and other protocol revenues

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<v Speaker 1>into Flare buybacks and token burns, while cutting annual inflation

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<v Speaker 1>to three percent.

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<v Speaker 2>The proposal would.

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<v Speaker 1>Sharply increase the base gas fee and boost annual token

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<v Speaker 1>burns even as typical transactions remain under a cent. So

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<v Speaker 1>great to see that upgrades and expansions continue to happen

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<v Speaker 1>here with the Flare network. Now, on the tokenization front,

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<v Speaker 1>this is interesting. Securitize, which is of course the major

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<v Speaker 1>tokenization firm. They help black Rock to tokenize and start

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<v Speaker 1>their Biddle fund, and black Rock is actually an investor

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<v Speaker 1>in securities and they are looking to go public. So

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<v Speaker 1>you know, this has been mentioned many times, I think

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<v Speaker 1>via spac. Well, they named an ex sec official, Brett Redfern,

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<v Speaker 1>as president ahead of public listening. So this is an

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<v Speaker 1>interesting one. And we've seen this with many other companies.

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<v Speaker 1>They'll bring in certain people of a certain caliber and

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<v Speaker 1>position and expertise and you know, before they go public.

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<v Speaker 1>So this will be big, right, another crypto company going

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<v Speaker 1>public and you know, essentially the leader in tokenization as

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<v Speaker 1>far as a crypto native firm. And I remember interviewing

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<v Speaker 1>Jamie Finn, one of the co founders, back in twenty

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<v Speaker 1>eighteen when they were so small they had a little

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<v Speaker 1>booth at World Crypto Con and wow, they've become this powerhouse,

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<v Speaker 1>So how times have changed. It's it's incredible. And speaking

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<v Speaker 1>of tokenization, SpaceX is coming to Solana. So pre spas

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<v Speaker 1>powered by Republic launches April eighteenth on bitget ipo Prime.

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<v Speaker 1>Now this is not directly affiliated with SpaceX. It's a

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<v Speaker 1>token to track the performance of this stock, which is

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<v Speaker 1>interesting and you know, I'm not heard of this concept,

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<v Speaker 1>so it's not affiliated and it doesn't grant any actual equity,

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<v Speaker 1>but it's an interesting way kind of like a mean coin,

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<v Speaker 1>a controlled mean coin and a controlled environment, you know.

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<v Speaker 2>So we'll see how this works.

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<v Speaker 1>But this is a fascinating one and it could be

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<v Speaker 1>a future you know, monetization model or investment model that's used.

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<v Speaker 1>So very very interesting. And you know, Elon looking to

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<v Speaker 1>take SpaceX public of course, and I may invest in

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<v Speaker 1>the SpaceX stock, but of course I never invest when

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<v Speaker 1>a company goes public.

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<v Speaker 2>That's that's where you get dumped on right.

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<v Speaker 1>You wait for that stock to crash back down after

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<v Speaker 1>you know, pumping insanely, and then you buy the blood

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<v Speaker 1>in the streets. Right, Guys, you remember I was telling

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<v Speaker 1>you all about the circle stufu circle when public.

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<v Speaker 2>I'm not buying that now. I like the company, I

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<v Speaker 2>like what they're doing.

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<v Speaker 1>I'm going to invest in them, but I'm waiting for

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<v Speaker 1>what the stock is now, right when it's down. So

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<v Speaker 1>this is how you got to play it both On

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<v Speaker 1>the crypto side, you always want to buy when there's fear.

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<v Speaker 2>It looks like it's over, something's crashing.

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<v Speaker 1>Now, obviously you have to do your research, make sure

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<v Speaker 1>the fundamental is good, the company is still in good shape.

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<v Speaker 2>Right.

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<v Speaker 1>You don't want to invest in a bankrupt company with

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<v Speaker 1>a stock is dumping, right, You don't want to, You

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<v Speaker 1>don't want to be stupid. But if everything is good

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<v Speaker 1>copa setic, their finances, their licenses, you know everything's good

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<v Speaker 1>on that front, you wait for that stock to go down, guys,

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<v Speaker 1>to take your position, all right. Moving ahead, Binance adds

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<v Speaker 1>prediction markets to its app for millions of users. So

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<v Speaker 1>prediction markets are taking over here, and it's pretty crazy.

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<v Speaker 2>The world is becoming more.

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<v Speaker 1>Financialized, and there's a lot of sports betting.

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<v Speaker 2>There's prediction markets now.

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<v Speaker 1>It's it's pretty wild, but one could argue it's because

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<v Speaker 1>scene model coming online, right, It's making it easy for

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<v Speaker 1>you to bet and gamble and do all these things.

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<v Speaker 2>And look, some of it is good, some of it

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<v Speaker 2>is bad.

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<v Speaker 1>Right, We're gonna have to educate people and help people

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<v Speaker 1>because some people can get addicted and lose money. And

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<v Speaker 1>it's even easier now because you don't even have to

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<v Speaker 1>leave your house. You can be anywhere you have internet

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<v Speaker 1>connection and you can do it. So these are things

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<v Speaker 1>you're gonna have to deal with. But it's interesting that

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<v Speaker 1>Binance is doing this. So Binance added a prediction markets

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<v Speaker 1>feature to binance Wallet, connecting it to predict dot fund

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<v Speaker 1>on the BnB smart chain, letting users trade without leaving

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<v Speaker 1>the app. The integration covers gas costs to lower barriers

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<v Speaker 1>for retailer users. Binance doesn't operate the markets directly, instead

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<v Speaker 1>providing access to a third party application. So very interesting. Okay, folks,

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<v Speaker 1>that's the news. Let me know what you think. Leave

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00:17:55.160 --> 00:17:57.279
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