WEBVTT

1
00:00:05.040 --> 00:00:08.800
<v Speaker 1>Hey everyone, welcome into the Thinking Crypto podcast. You're home

2
00:00:08.919 --> 00:00:12.640
<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

3
00:00:12.839 --> 00:00:15.320
<v Speaker 1>On your way in. Please sit that subscribe button as

4
00:00:15.320 --> 00:00:17.519
<v Speaker 1>well as a thumbsup button and leave a comment below.

5
00:00:17.760 --> 00:00:20.800
<v Speaker 1>If you're listening on a podcast platform such as Apple, Spotify,

6
00:00:20.920 --> 00:00:23.440
<v Speaker 1>or wherever you get your podcasts, please be sure to

7
00:00:23.480 --> 00:00:26.079
<v Speaker 1>follow and leave a five star rating. Okay, folks, it

8
00:00:26.199 --> 00:00:29.600
<v Speaker 1>was a big newsday for crypto. Lots of incredible statements

9
00:00:29.640 --> 00:00:33.560
<v Speaker 1>coming from folks of notoriety. So first up, United States

10
00:00:33.600 --> 00:00:38.399
<v Speaker 1>Indo Pacific Commander Admiral Samuel Paparo advises the Senate that

11
00:00:38.479 --> 00:00:43.200
<v Speaker 1>bitcoin shows incredible potential as a computer science tool. Here's

12
00:00:43.240 --> 00:00:46.719
<v Speaker 1>a quote. Bitcoin is a reality. It is a valuable

13
00:00:46.719 --> 00:00:49.799
<v Speaker 1>computer science tool. As a power projection.

14
00:00:50.399 --> 00:00:53.479
<v Speaker 2>To another subject, our competition with China isn't just about

15
00:00:53.520 --> 00:00:57.399
<v Speaker 2>military strength. That also includes strength as well. You know

16
00:00:57.479 --> 00:01:00.600
<v Speaker 2>last year, the Chinese comments party's main money Teria think

17
00:01:00.640 --> 00:01:06.159
<v Speaker 2>tank published research on bitcoin as a strategic asset. You

18
00:01:06.159 --> 00:01:08.959
<v Speaker 2>know this came after President Trump moved to establish a

19
00:01:09.000 --> 00:01:13.319
<v Speaker 2>strategic bitcoin reserve. Admiral how does leadership in bitcoin impact

20
00:01:13.400 --> 00:01:17.200
<v Speaker 2>leverage resilience? To Terrence for indopay com against China, and

21
00:01:17.280 --> 00:01:21.400
<v Speaker 2>do you think that a strategic bitcoin reserve helps America

22
00:01:21.519 --> 00:01:22.560
<v Speaker 2>compete against China?

23
00:01:23.519 --> 00:01:28.200
<v Speaker 3>Center our You know, our research into bitcoin is as

24
00:01:28.239 --> 00:01:33.079
<v Speaker 3>a computer science tool. It's the combination of cryptography, a blockchain,

25
00:01:33.200 --> 00:01:37.359
<v Speaker 3>and a proof of work. And bitcoin shows incredible potential

26
00:01:37.480 --> 00:01:41.480
<v Speaker 3>as a as a computer science tool that through the

27
00:01:41.519 --> 00:01:46.040
<v Speaker 3>proof of work protocols is a actually imposes more cost

28
00:01:46.120 --> 00:01:49.719
<v Speaker 3>than just the algorithmic securing of networks and our ability

29
00:01:49.760 --> 00:01:54.560
<v Speaker 3>to operate. And bitcoin is a reality. It is a

30
00:01:54.719 --> 00:02:00.000
<v Speaker 3>valuable computer science tool as a pro power projection, and

31
00:02:00.599 --> 00:02:03.359
<v Speaker 3>outside of the economic formulation of it, it has got

32
00:02:03.480 --> 00:02:07.040
<v Speaker 3>really important computer science applications for cybersecurity.

33
00:02:07.920 --> 00:02:10.360
<v Speaker 2>Thank you. What recommendations do you have for us? You're

34
00:02:10.360 --> 00:02:13.159
<v Speaker 2>in Congress on how to how the US can lead

35
00:02:13.360 --> 00:02:14.560
<v Speaker 2>on bitcoin competition.

36
00:02:17.520 --> 00:02:19.560
<v Speaker 3>You know, I have to go deeper on that with

37
00:02:19.639 --> 00:02:22.919
<v Speaker 3>you for the record, and I can go deeper on

38
00:02:22.919 --> 00:02:28.039
<v Speaker 3>that case. But bitcoin is a reality. It is a

39
00:02:28.520 --> 00:02:33.759
<v Speaker 3>peer to peer, zero trust transfer of value. Anything that

40
00:02:33.840 --> 00:02:37.520
<v Speaker 3>supports the all instruments of national power for the United

41
00:02:37.520 --> 00:02:39.919
<v Speaker 3>States of America is to the good.

42
00:02:40.280 --> 00:02:42.199
<v Speaker 2>Thank you. I'll have to go back and listen to

43
00:02:42.240 --> 00:02:44.280
<v Speaker 2>that answer to kind of cipher it. Most of us

44
00:02:44.360 --> 00:02:46.000
<v Speaker 2>enter your way over, are it.

45
00:02:46.400 --> 00:02:50.120
<v Speaker 1>These are incredible statements from an admiral. This is not hearsay.

46
00:02:50.159 --> 00:02:52.520
<v Speaker 1>This is straight from the horse's mouth in front of

47
00:02:52.560 --> 00:02:55.479
<v Speaker 1>the United States Senate. So these statements carry a lot

48
00:02:55.479 --> 00:02:58.520
<v Speaker 1>of weights. Now, I recently interviewed the White House crypto

49
00:02:58.520 --> 00:03:01.120
<v Speaker 1>advisor Patrick Witten. Many of you may have seen that interview,

50
00:03:01.520 --> 00:03:04.639
<v Speaker 1>and he talked about the Strategic Bitcoin Reserve that we

51
00:03:04.680 --> 00:03:07.479
<v Speaker 1>are weeks away from a major update there. So could

52
00:03:07.479 --> 00:03:10.199
<v Speaker 1>this be the start of the conversation or the narrative

53
00:03:11.039 --> 00:03:13.960
<v Speaker 1>leading up to that big announcement, because I do believe

54
00:03:14.240 --> 00:03:17.639
<v Speaker 1>there's a geopolitical battle for control of crypto, bitcoin and

55
00:03:17.680 --> 00:03:21.280
<v Speaker 1>blockchain technology happening between the United States, China, and other

56
00:03:21.479 --> 00:03:24.960
<v Speaker 1>world superpowers. And we know the United States is looking

57
00:03:24.960 --> 00:03:29.759
<v Speaker 1>to establish the digital assets stockpile, you know, the bigcoin Reserve. Obviously,

58
00:03:29.759 --> 00:03:32.280
<v Speaker 1>get the Clarity Act passed, We've got the Genius Act

59
00:03:32.360 --> 00:03:35.280
<v Speaker 1>already passed. So the United States is trying to get

60
00:03:35.280 --> 00:03:39.080
<v Speaker 1>into that driver's seat and take full control. And President Trump,

61
00:03:39.120 --> 00:03:41.439
<v Speaker 1>of course, is fully on board, and he's made his

62
00:03:41.520 --> 00:03:45.000
<v Speaker 1>statements many times. Scott bessen't as well. A lot of

63
00:03:45.000 --> 00:03:47.840
<v Speaker 1>folks within the administration have came out and said, you know,

64
00:03:47.879 --> 00:03:51.479
<v Speaker 1>we're looking to be the leader here. So huge statements,

65
00:03:51.879 --> 00:03:56.879
<v Speaker 1>and we could see again this narrative carryover to getting

66
00:03:56.919 --> 00:04:00.879
<v Speaker 1>that strategic Bitcoin reserve fully established where it's not just

67
00:04:00.960 --> 00:04:04.039
<v Speaker 1>the bigcoin we've confiscated the United States government that is

68
00:04:04.639 --> 00:04:07.400
<v Speaker 1>that's in the stockpile, but how can they buy over

69
00:04:07.479 --> 00:04:11.919
<v Speaker 1>time and in a revenue neutral way. So very very

70
00:04:11.960 --> 00:04:15.719
<v Speaker 1>interesting and huge statements from the admiral here. Now even

71
00:04:15.759 --> 00:04:20.000
<v Speaker 1>more big statements about crypto. Kevin worsh who's Trump's fetcher nominee,

72
00:04:20.399 --> 00:04:23.600
<v Speaker 1>he said today that crypto is now part of the

73
00:04:23.680 --> 00:04:29.199
<v Speaker 1>US financial system. Huge statements coming from the incoming Fetchair. Look,

74
00:04:29.279 --> 00:04:31.600
<v Speaker 1>we know he's going through the confirmation and I think

75
00:04:31.639 --> 00:04:33.720
<v Speaker 1>he's going to get it. He's going to replace Jerome Powell,

76
00:04:33.759 --> 00:04:36.920
<v Speaker 1>of course, so these are huge statements. And most recently

77
00:04:37.319 --> 00:04:40.560
<v Speaker 1>he disclosed that he's invested in crypto along with other assets.

78
00:04:40.839 --> 00:04:43.199
<v Speaker 1>So he gets it, he's invested in it, and he

79
00:04:43.360 --> 00:04:47.600
<v Speaker 1>sees digital assets as part of the financial system. Let

80
00:04:47.639 --> 00:04:50.920
<v Speaker 1>me play the clip for you. Senator Cynthia Lummis asks

81
00:04:51.000 --> 00:04:53.040
<v Speaker 1>him a question and he responds.

82
00:04:52.639 --> 00:04:56.879
<v Speaker 4>To believe that digital assets should be incorporated into our

83
00:04:57.000 --> 00:05:02.600
<v Speaker 4>financial industry, so Americans have new investment opportunities and consumer

84
00:05:02.680 --> 00:05:04.079
<v Speaker 4>protections center.

85
00:05:04.199 --> 00:05:07.639
<v Speaker 3>Digital assets are already part of the fabric of our financial

86
00:05:07.680 --> 00:05:09.360
<v Speaker 3>services industry in the United States.

87
00:05:09.480 --> 00:05:12.680
<v Speaker 1>Yes, so notice he said, it's part of the fabric

88
00:05:12.759 --> 00:05:17.759
<v Speaker 1>of the United States financial system. Huge statement. I couldn't

89
00:05:17.800 --> 00:05:21.240
<v Speaker 1>imagine a FED chair saying something like this, you know,

90
00:05:21.279 --> 00:05:23.920
<v Speaker 1>when I got into crypto. So it's amazing how things

91
00:05:23.959 --> 00:05:26.480
<v Speaker 1>have changed. And look, We've talked a lot about it

92
00:05:26.519 --> 00:05:29.720
<v Speaker 1>over the years. I've said many times the future capital markets, economies,

93
00:05:29.759 --> 00:05:32.319
<v Speaker 1>and governments will all run on blockchain rails. And I'm

94
00:05:32.360 --> 00:05:35.279
<v Speaker 1>not just talking about the United States. It's global, right.

95
00:05:35.319 --> 00:05:38.680
<v Speaker 1>We are seeing the blockchain rails being set up across

96
00:05:38.720 --> 00:05:41.920
<v Speaker 1>the globe for institutions, bank stock exchange in the move

97
00:05:42.000 --> 00:05:47.040
<v Speaker 1>to go twenty four to seven have truly liquid markets,

98
00:05:47.079 --> 00:05:51.360
<v Speaker 1>instance settlement, and a truly global reach. So that is

99
00:05:51.439 --> 00:05:53.560
<v Speaker 1>the end goal. That's where the puck is heading. So

100
00:05:53.639 --> 00:05:56.079
<v Speaker 1>huge statements here from the incoming FED chair.

101
00:05:56.480 --> 00:05:56.600
<v Speaker 3>Now.

102
00:05:56.720 --> 00:06:01.680
<v Speaker 1>Kevin Warsh also talked about CBDCs. He committed to Senator

103
00:06:01.680 --> 00:06:05.399
<v Speaker 1>Bernie Moreno that he won't have the FED move forward

104
00:06:05.759 --> 00:06:09.000
<v Speaker 1>or move towards a CBDC, a central bank digital currency,

105
00:06:09.160 --> 00:06:12.240
<v Speaker 1>if he's confirmed and it's within his power as chairman

106
00:06:12.279 --> 00:06:14.839
<v Speaker 1>to do so. He also said he agrees that the

107
00:06:14.879 --> 00:06:17.759
<v Speaker 1>FED does not have the right to issue a CBDC

108
00:06:18.040 --> 00:06:21.399
<v Speaker 1>and it would be a bad policy choice. Now, guys,

109
00:06:21.480 --> 00:06:24.040
<v Speaker 1>I was born at night, but I wasn't born last night,

110
00:06:24.399 --> 00:06:27.319
<v Speaker 1>and we need the actual law put into place because

111
00:06:27.360 --> 00:06:30.079
<v Speaker 1>people can change their minds. I'm not going to take

112
00:06:30.240 --> 00:06:34.480
<v Speaker 1>any public officials word as gospel. I need to see

113
00:06:34.480 --> 00:06:37.759
<v Speaker 1>the actions. So the Anti CBDC Act has not passed

114
00:06:37.759 --> 00:06:39.480
<v Speaker 1>as yet. It was supposed to be in the Defense

115
00:06:39.519 --> 00:06:42.360
<v Speaker 1>spending bill. It did not make it through, and there

116
00:06:42.439 --> 00:06:44.680
<v Speaker 1>are efforts to try to get it past this year.

117
00:06:44.720 --> 00:06:48.240
<v Speaker 1>But I think all efforts have been on the Clarity Act, rightfully,

118
00:06:48.279 --> 00:06:50.600
<v Speaker 1>so to get that situation resolved, and then I think

119
00:06:50.600 --> 00:06:53.399
<v Speaker 1>they're going to try to push the CBDC or anti

120
00:06:53.480 --> 00:06:56.199
<v Speaker 1>CBDC bill through this year. But we got to make

121
00:06:56.199 --> 00:06:58.279
<v Speaker 1>sure we stay on top of that because I don't

122
00:06:58.319 --> 00:07:01.000
<v Speaker 1>care what politicians say. A politicians lie. I'm not saying

123
00:07:01.079 --> 00:07:04.279
<v Speaker 1>Kevin Walsh is lying. I'm just saying, as a rule

124
00:07:04.279 --> 00:07:08.920
<v Speaker 1>of thumb, right, we know how the politics game is played,

125
00:07:08.959 --> 00:07:12.399
<v Speaker 1>how it operates. So if you don't know, this is

126
00:07:12.439 --> 00:07:16.680
<v Speaker 1>your wake up call. You need to keep a politicians accountable.

127
00:07:17.319 --> 00:07:20.720
<v Speaker 1>They work for us, we the people. So this is

128
00:07:20.759 --> 00:07:23.720
<v Speaker 1>where I like what Kevin Walsh is saying. But get

129
00:07:23.720 --> 00:07:28.399
<v Speaker 1>that anti CBDC Act pass or it's all just smoke

130
00:07:28.439 --> 00:07:32.680
<v Speaker 1>and mirrors. Now, speaking of legislation, this morning, Representative Young

131
00:07:32.839 --> 00:07:39.279
<v Speaker 1>Kim and Representative Sam Lecardo unveil the Bipartisan Pace Act

132
00:07:39.319 --> 00:07:43.240
<v Speaker 1>to creating National Payments License for FinTechs and crypto companies.

133
00:07:43.600 --> 00:07:48.160
<v Speaker 1>The bipartisan bill would let regulated state depository institutions and

134
00:07:48.240 --> 00:07:52.639
<v Speaker 1>credit unions that conduct money transmission be regulated under a

135
00:07:52.759 --> 00:07:57.240
<v Speaker 1>new optional framework overseen by the OCC. The bill would

136
00:07:57.279 --> 00:08:02.319
<v Speaker 1>permit these institutions to access Federal Reserve payment services, aligning

137
00:08:02.360 --> 00:08:07.319
<v Speaker 1>with the Federal Reserve Governor Christopher Waller's skinny Master accounts concept,

138
00:08:07.639 --> 00:08:11.360
<v Speaker 1>which Kracking gained access to earlier this year crack in

139
00:08:11.399 --> 00:08:14.000
<v Speaker 1>the Crypto Exchange. Of course, the bill also gives the

140
00:08:14.040 --> 00:08:17.959
<v Speaker 1>Federal Reserve Board and not the individual Reserve banks, final

141
00:08:18.040 --> 00:08:23.639
<v Speaker 1>decision making authority over skinny Master account applications. So you're

142
00:08:23.680 --> 00:08:28.399
<v Speaker 1>seeing the decentralization of the Fed Master account here. Going

143
00:08:28.399 --> 00:08:31.879
<v Speaker 1>to crypto companies and smaller fintech companies as well, which

144
00:08:31.920 --> 00:08:34.240
<v Speaker 1>is great. It takes a lot of power away from

145
00:08:34.279 --> 00:08:36.440
<v Speaker 1>these bigger banks, and you know these bigger banks don't

146
00:08:36.559 --> 00:08:41.360
<v Speaker 1>like that. But look, disruptions here, This technology is here,

147
00:08:41.399 --> 00:08:45.279
<v Speaker 1>it's not going away, and there's a big change happening.

148
00:08:45.440 --> 00:08:49.000
<v Speaker 1>So pretty incredible and this will certainly change the whole

149
00:08:49.200 --> 00:08:53.360
<v Speaker 1>mechanism of how these skinny master accounts are regulated with

150
00:08:53.440 --> 00:08:56.000
<v Speaker 1>the States and the FED and much more so. Very

151
00:08:56.000 --> 00:08:59.600
<v Speaker 1>interesting things happening, folks. Quick word from our sponsor. This

152
00:08:59.679 --> 00:09:03.320
<v Speaker 1>episode is brought to you by Bitco, the trusted infrastructure

153
00:09:03.399 --> 00:09:07.159
<v Speaker 1>behind the digital asset economy. If you're serious about crypto,

154
00:09:07.399 --> 00:09:10.759
<v Speaker 1>whether you're an investor, institution, or building in this space,

155
00:09:10.960 --> 00:09:15.039
<v Speaker 1>you already know security, compliance, and execution are everything. And

156
00:09:15.080 --> 00:09:18.480
<v Speaker 1>that's exactly what bitco delivers. With over a decade of

157
00:09:18.480 --> 00:09:23.000
<v Speaker 1>experience and fifty five hundred plus institutional clients across one

158
00:09:23.039 --> 00:09:26.679
<v Speaker 1>hundred plus countries, bitco provides a full suite of services

159
00:09:26.799 --> 00:09:32.360
<v Speaker 1>including qualified custody, trading, staking, financing, and stable coin infrastructure,

160
00:09:32.639 --> 00:09:35.519
<v Speaker 1>all in one platform. Let's break it down one to

161
00:09:35.639 --> 00:09:39.600
<v Speaker 1>launch crypto services fast bitgoes Crypto as a service lets

162
00:09:39.639 --> 00:09:42.879
<v Speaker 1>banks FinTechs and platforms go live in as little as

163
00:09:42.919 --> 00:09:47.279
<v Speaker 1>a couple of months without dealing with complex licensing or infrastructure.

164
00:09:47.679 --> 00:09:50.279
<v Speaker 1>If you're looking to launch a stable coin, bidgo offers

165
00:09:50.279 --> 00:09:53.840
<v Speaker 1>a complete stable coin as a service platform, from reserves

166
00:09:53.919 --> 00:09:57.879
<v Speaker 1>and smart contracts to compliance, built to align with the

167
00:09:57.919 --> 00:10:01.279
<v Speaker 1>new US regulatory framework. That is the genius at want

168
00:10:01.279 --> 00:10:04.759
<v Speaker 1>to earn rewards on your crypto. Bitgo runs one of

169
00:10:04.799 --> 00:10:09.240
<v Speaker 1>the largest institutional staking platforms, with tens of billions staked

170
00:10:09.279 --> 00:10:13.519
<v Speaker 1>across fifty plus networks. All while your assets stays securely

171
00:10:13.679 --> 00:10:18.440
<v Speaker 1>in qualified custody. Need deep liquidity and execution, Their trading

172
00:10:18.480 --> 00:10:22.919
<v Speaker 1>platform aggregates liquidity across thirty plus venues, giving you better

173
00:10:23.000 --> 00:10:26.559
<v Speaker 1>pricing and the ability to trade directly from custody. No

174
00:10:26.679 --> 00:10:30.399
<v Speaker 1>pre funding required for approved clients. And if you need capital,

175
00:10:30.519 --> 00:10:34.840
<v Speaker 1>bitco offers crypto backed financing so you can unlock liquidity

176
00:10:34.879 --> 00:10:37.960
<v Speaker 1>without selling your assets. So here's the bottom line. Bitco

177
00:10:38.080 --> 00:10:42.080
<v Speaker 1>is one of the first federally chartered digital asset infrastructure companies,

178
00:10:42.279 --> 00:10:47.000
<v Speaker 1>offering regulated, insured custody and a platform built for institutions

179
00:10:47.240 --> 00:10:50.720
<v Speaker 1>but accessible to for thinking players across the space. So

180
00:10:50.759 --> 00:10:54.080
<v Speaker 1>whether you're scaling a fintech, managing a fund, or building

181
00:10:54.080 --> 00:10:57.200
<v Speaker 1>the future of finance. Bitco gives you all the tools

182
00:10:57.200 --> 00:11:00.759
<v Speaker 1>that you need to do this securely, compliantly, and at scale.

183
00:11:00.960 --> 00:11:03.559
<v Speaker 1>So learn more at bitgo dot com and see why

184
00:11:03.600 --> 00:11:08.000
<v Speaker 1>the biggest players in crypto trust bitgo. Okay, moving ahead, today,

185
00:11:08.120 --> 00:11:11.799
<v Speaker 1>Sofi Bank announced they are adding support for XRP. This

186
00:11:11.960 --> 00:11:16.240
<v Speaker 1>follows their listing of bitcoin. Ethan Solana I've often stated,

187
00:11:16.399 --> 00:11:18.799
<v Speaker 1>it starts a bitcoin and they will go down the list.

188
00:11:19.039 --> 00:11:19.240
<v Speaker 2>Right.

189
00:11:19.279 --> 00:11:22.159
<v Speaker 1>It happened with et apps, It's happening with the listing

190
00:11:22.759 --> 00:11:25.879
<v Speaker 1>or a spot trading that's integrated on these banks and

191
00:11:26.399 --> 00:11:32.200
<v Speaker 1>different traditional financial companies. So it's incredible. Sofi Bank offering

192
00:11:32.240 --> 00:11:36.399
<v Speaker 1>crypto and they've also launched their own stable coin. So guys,

193
00:11:36.840 --> 00:11:39.279
<v Speaker 1>I hope you see what's happening here and again the

194
00:11:39.399 --> 00:11:41.919
<v Speaker 1>on rams being set up by these big institutions, and

195
00:11:41.960 --> 00:11:45.039
<v Speaker 1>it's happening globally. So when we enter into the next

196
00:11:45.039 --> 00:11:48.000
<v Speaker 1>bull cycle and we get crypto legislation pass, what do

197
00:11:48.039 --> 00:11:50.399
<v Speaker 1>you think is going to happen. I think it's a

198
00:11:50.399 --> 00:11:52.600
<v Speaker 1>super cycle. I think we're going to see a very

199
00:11:52.759 --> 00:11:57.159
<v Speaker 1>powerful bullmarket, huge bull runs, and it's not going to

200
00:11:57.200 --> 00:11:59.559
<v Speaker 1>be just a one time thing. I think it continues.

201
00:12:00.120 --> 00:12:04.320
<v Speaker 1>Look at how the Internet itself had many bull runs, right,

202
00:12:04.360 --> 00:12:07.200
<v Speaker 1>and different phases of the technology Web one, Web two,

203
00:12:07.240 --> 00:12:10.679
<v Speaker 1>and so on and so forth. So very very cool. Now,

204
00:12:10.679 --> 00:12:15.000
<v Speaker 1>speaking of XRP, Ripple unveils a multi phase roadmap to

205
00:12:15.080 --> 00:12:19.559
<v Speaker 1>make the XRP ledger quantum resistant by twenty twenty eight.

206
00:12:19.919 --> 00:12:23.639
<v Speaker 1>This includes a quantum day contingency plan and collaboration with

207
00:12:23.799 --> 00:12:28.559
<v Speaker 1>Project eleven for early testing. So all blockchains are going

208
00:12:28.600 --> 00:12:30.799
<v Speaker 1>to be doing this. This is why I've been saying

209
00:12:31.240 --> 00:12:34.360
<v Speaker 1>the quantum headlines and fudd is just fud.

210
00:12:34.519 --> 00:12:34.720
<v Speaker 4>Right.

211
00:12:34.799 --> 00:12:37.759
<v Speaker 1>Quantum tech is not at a level where it can

212
00:12:37.799 --> 00:12:40.720
<v Speaker 1>take down blockchains yet, but it could. It will get there.

213
00:12:40.840 --> 00:12:42.919
<v Speaker 1>I'm not saying it won't ever. I'm just saying at

214
00:12:42.919 --> 00:12:44.519
<v Speaker 1>the point where we're at right now, it's just a

215
00:12:44.600 --> 00:12:47.000
<v Speaker 1>narrative by many short sellers to you know, push the

216
00:12:47.039 --> 00:12:50.679
<v Speaker 1>price of crypto down because they're shorting because notice at

217
00:12:50.679 --> 00:12:53.639
<v Speaker 1>one one hundred and twenty six thousand dollars, what was

218
00:12:53.639 --> 00:12:57.440
<v Speaker 1>it like five months before, right, nothing about quantum. Then

219
00:12:57.480 --> 00:13:00.759
<v Speaker 1>the price goes down also in quantum. This that I

220
00:13:00.759 --> 00:13:03.120
<v Speaker 1>hope you understand how the game is played here. So

221
00:13:04.120 --> 00:13:08.399
<v Speaker 1>narrative follows price, and there will be a day where

222
00:13:08.480 --> 00:13:12.080
<v Speaker 1>these blockchain technologies and companies they will have to be

223
00:13:12.200 --> 00:13:14.360
<v Speaker 1>quantum ready. And it's great to see ripple zu net

224
00:13:14.360 --> 00:13:16.440
<v Speaker 1>with the XRP ledger, but they're not the only ones.

225
00:13:16.480 --> 00:13:19.159
<v Speaker 1>Bitcoin miners will have to do it at the ethereums,

226
00:13:19.200 --> 00:13:21.279
<v Speaker 1>a lot of folks. Everybody's going to have to do that.

227
00:13:21.480 --> 00:13:26.279
<v Speaker 1>And even Coinbase they announce their advisory board says quantum

228
00:13:26.320 --> 00:13:29.399
<v Speaker 1>computing threat is on the horizon. Crypto needs to plan.

229
00:13:29.879 --> 00:13:34.360
<v Speaker 1>So the fifty page paper includes that while today's blockchains

230
00:13:34.879 --> 00:13:39.399
<v Speaker 1>remain secure, a future fault tolerant quantum computer capable of

231
00:13:39.399 --> 00:13:44.240
<v Speaker 1>breaking widely used encryption is increasingly plausible and preparation must

232
00:13:44.320 --> 00:13:48.039
<v Speaker 1>begin now. So I believe again all blockchain folks will

233
00:13:48.120 --> 00:13:52.759
<v Speaker 1>update their nodes, their minors, and whatever mechanism they're using

234
00:13:53.039 --> 00:13:56.759
<v Speaker 1>to be quantum resistant. Now, if quantum is going to

235
00:13:56.840 --> 00:13:59.879
<v Speaker 1>be a risk to blockchain guys, we're going to have

236
00:14:00.000 --> 00:14:02.279
<v Speaker 1>bigger problems because that means they will be able to

237
00:14:02.320 --> 00:14:06.720
<v Speaker 1>take down the financial system, the traditional financial system, the

238
00:14:06.759 --> 00:14:10.639
<v Speaker 1>air traffic control system, the energy electricity system. Right, those

239
00:14:10.679 --> 00:14:15.799
<v Speaker 1>will be at bigger risk. So don't get too caught

240
00:14:15.879 --> 00:14:18.840
<v Speaker 1>up in the hype of oh my god, quantum computing,

241
00:14:18.879 --> 00:14:21.879
<v Speaker 1>it's going to destroy crypto. Man, if it can destroy

242
00:14:21.919 --> 00:14:25.600
<v Speaker 1>crypto with these blockchains that are using cryptography and you know,

243
00:14:26.279 --> 00:14:32.080
<v Speaker 1>incredibly secure mechanisms and protocols, what do you think it's

244
00:14:32.120 --> 00:14:34.559
<v Speaker 1>going to do to our world and our civilization. So

245
00:14:35.399 --> 00:14:39.039
<v Speaker 1>as long as these folks upgrade their technology and use

246
00:14:39.120 --> 00:14:42.399
<v Speaker 1>the same quantum tech right to run to power their

247
00:14:43.159 --> 00:14:45.960
<v Speaker 1>servers and their networks and so forth, they'll be fine.

248
00:14:46.480 --> 00:14:49.720
<v Speaker 1>So just make sure you have a balanced outlook on this.

249
00:14:49.840 --> 00:14:54.399
<v Speaker 1>But it's great to see blockchain projects, exchanges and much

250
00:14:54.440 --> 00:14:58.279
<v Speaker 1>more are prepping for this now. On the news of Coinbase,

251
00:14:58.559 --> 00:15:04.679
<v Speaker 1>niam niun taps Coinbase to add USDC into global payments network.

252
00:15:05.360 --> 00:15:10.159
<v Speaker 1>So Singapore fintech Nium has selected Coinbase to integrate USDC

253
00:15:10.240 --> 00:15:13.720
<v Speaker 1>payments into its global network to send, receive, and convert

254
00:15:13.960 --> 00:15:17.159
<v Speaker 1>stable coins to FIAT across more than one hundred and

255
00:15:17.240 --> 00:15:21.519
<v Speaker 1>ninety countries through a single platform. According to a Tuesday announcement,

256
00:15:21.759 --> 00:15:27.000
<v Speaker 1>the integration uses coinbases infrastructure for custody, liquidity and wallet services,

257
00:15:27.279 --> 00:15:31.200
<v Speaker 1>enabling Nium's customers to fund cross border payments in USDC

258
00:15:31.480 --> 00:15:35.519
<v Speaker 1>and settle in either stable coins or local currencies. So

259
00:15:35.840 --> 00:15:39.519
<v Speaker 1>two major takeaways. One, Coinbase doing an amazing job with

260
00:15:39.559 --> 00:15:43.440
<v Speaker 1>their services. They're getting partnerships and all types of deals

261
00:15:43.440 --> 00:15:47.679
<v Speaker 1>across the globe. Second, fintech companies, banks and much more

262
00:15:47.759 --> 00:15:52.360
<v Speaker 1>integrating stable coins right and blockchain tech and crypto. It's

263
00:15:52.440 --> 00:15:56.799
<v Speaker 1>amazing to see this type of adoption from these startups

264
00:15:56.799 --> 00:15:59.200
<v Speaker 1>and even the folks who've been around for a long time,

265
00:15:59.240 --> 00:16:02.600
<v Speaker 1>the legacy, and they all are getting on board. Okay,

266
00:16:02.679 --> 00:16:05.600
<v Speaker 1>final news item, Polymarket to launch twenty four to seven

267
00:16:05.679 --> 00:16:10.159
<v Speaker 1>perpetual futures training for crypto equities and commodities. So the

268
00:16:10.240 --> 00:16:15.000
<v Speaker 1>prediction markets here getting involved in crypto. You know there's

269
00:16:15.039 --> 00:16:17.559
<v Speaker 1>gonna be some cannibalization here. We'll see how it all

270
00:16:17.600 --> 00:16:20.759
<v Speaker 1>works out. Don't get me wrong. Competition is healthy for

271
00:16:20.799 --> 00:16:23.799
<v Speaker 1>the market. It's good to have competitors because that's very

272
00:16:23.840 --> 00:16:27.279
<v Speaker 1>good for the consumer and us as investors. But you know,

273
00:16:27.320 --> 00:16:29.440
<v Speaker 1>in this race, there's gonna be a lot of saturation

274
00:16:29.559 --> 00:16:32.360
<v Speaker 1>here and eventually there's going to need to be consolidation.

275
00:16:32.960 --> 00:16:37.480
<v Speaker 1>But incredible to see the race of innovation and building.

276
00:16:37.919 --> 00:16:40.799
<v Speaker 1>I love it. I love it, guys, And as I

277
00:16:40.879 --> 00:16:43.519
<v Speaker 1>keep saying, I hope you're seeing the bigger picture, the

278
00:16:43.559 --> 00:16:47.120
<v Speaker 1>infrastructure on rams being set up here for more capital,

279
00:16:47.200 --> 00:16:50.559
<v Speaker 1>more adoption, and that's going to lead to higher prices.

280
00:16:50.919 --> 00:16:52.080
<v Speaker 1>I know many of you are going to look at

281
00:16:52.080 --> 00:16:54.080
<v Speaker 1>the charts in coin market cap and say, Tony, are

282
00:16:54.159 --> 00:16:58.200
<v Speaker 1>you nuts? Look at the price right. Markets move in cycles,

283
00:16:58.519 --> 00:17:01.120
<v Speaker 1>so make sure you have that mac long term view

284
00:17:01.600 --> 00:17:05.000
<v Speaker 1>and you are being patient. You're looking at what's being built. Obviously,

285
00:17:05.079 --> 00:17:07.000
<v Speaker 1>you want to be smart in what your entries. You

286
00:17:07.039 --> 00:17:09.000
<v Speaker 1>don't buy pumps and the tops of the markets. You

287
00:17:09.039 --> 00:17:10.720
<v Speaker 1>want to buy when there's blood on the streets, when

288
00:17:10.759 --> 00:17:13.359
<v Speaker 1>there's fear, to give yourself the better chance of making

289
00:17:13.519 --> 00:17:16.680
<v Speaker 1>an incredible return. So, folks, that's the news. Let me

290
00:17:16.720 --> 00:17:18.640
<v Speaker 1>know what you think. Leave your thoughts and comments below,

291
00:17:18.759 --> 00:17:20.880
<v Speaker 1>hit the thumbsup button subscribe if you haven't as yet.

292
00:17:21.599 --> 00:17:24.000
<v Speaker 1>Be sure to support a podcast by subscribing to my

293
00:17:24.079 --> 00:17:26.920
<v Speaker 1>free email newsletter. It's one hundred percent free. Link will

294
00:17:27.000 --> 00:17:29.119
<v Speaker 1>be in the description. Be sure to grab a copy

295
00:17:29.200 --> 00:17:31.880
<v Speaker 1>of my book on Amazon. It's available in paperback in digital,

296
00:17:32.319 --> 00:17:35.599
<v Speaker 1>and check out my course at Mycrypto course dot com.

297
00:17:35.920 --> 00:17:39.640
<v Speaker 1>Knowledge is Power. Expand your knowledge about crypto and blockchain technology.

298
00:17:39.720 --> 00:17:43.039
<v Speaker 1>This course is a comprehensive course that teaches you everything

299
00:17:43.079 --> 00:17:45.039
<v Speaker 1>you need to know. And folks, we've got a huge

300
00:17:45.039 --> 00:17:47.519
<v Speaker 1>bear market sale going on. You can get fifty percent

301
00:17:47.559 --> 00:17:50.559
<v Speaker 1>off the price of the course by using the code

302
00:17:50.559 --> 00:17:54.000
<v Speaker 1>bear b EA R at checkout. So use the code

303
00:17:54.000 --> 00:17:57.079
<v Speaker 1>bear at checkout to get that huge discount. Go to

304
00:17:57.160 --> 00:18:00.839
<v Speaker 1>mycryptocurse dot com. Folks, thank you so much for tuning in.

305
00:18:00.960 --> 00:18:04.039
<v Speaker 1>I appreciate you all and I'll talk to you all later.

306
00:18:07.759 --> 00:18:18.119
<v Speaker 1>H h m hmmm h