WEBVTT

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<v Speaker 1>I've got massive news for you. The SEC acknowledges more xrps,

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<v Speaker 1>body tfs and you won't believe what Donald Trump shared

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<v Speaker 1>on truth Social It involves Ripple and XRP. You won't

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<v Speaker 1>believe it. I have to show it to you. And

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<v Speaker 1>Google is planning to integrate with bitcoin wallets. This is

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<v Speaker 1>really big. And FTX bankruptcy repayments are going to start

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<v Speaker 1>very soon. I'll give you the details. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into The Thinking Crypto Podcasts, your home for cryptocurrency

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

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<v Speaker 1>way in, please hit that subscribe button as well as

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

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

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

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<v Speaker 1>want to start by reminding you we are in the

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<v Speaker 1>Great shakeout and it continues. Bitcoin continues to chop. We're

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<v Speaker 1>getting faked out left and right. Both bulls and bears

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<v Speaker 1>are getting faked out. This is very boring. The all

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<v Speaker 1>coins are not doing much. But remember, patience is important

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<v Speaker 1>when it comes to investing. I've been telling you guys.

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<v Speaker 1>The macro backdrop is setting up beautifully with DXY collapsing,

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<v Speaker 1>global liquidities on the rise, and there's going to be

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<v Speaker 1>a bit of a lag where risk assets eventually catch up,

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<v Speaker 1>and I think the latter half of February we're going

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<v Speaker 1>to start to see some movement. But some analysts are

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<v Speaker 1>highlighting that we've seen things like this in previous bull

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<v Speaker 1>markets and that it is setting up a bear trap.

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<v Speaker 1>So there's going to be a short squeeze because you know,

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<v Speaker 1>the short siga lining up right now with the price

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<v Speaker 1>not doing much, and the bears are hoping to get

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<v Speaker 1>Bitcoin to go further down and the all coins to

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<v Speaker 1>go further down. But we are still in a bull

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<v Speaker 1>market based on the data, not feelings or emotions, and

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<v Speaker 1>there has been no invalidation of this bullmarket, right, So

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<v Speaker 1>we got multiple signals, multiple patterns, we're tracking whale activity,

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<v Speaker 1>Bitcoin whale activity, all showing we are still in a

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<v Speaker 1>bull market. So don't panic. This is a time to

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<v Speaker 1>be patient. As I've said many times, if the price bothers,

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<v Speaker 1>you don't look at it, don't look at your portfolio.

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<v Speaker 1>I've not looked at my portfolio for like two weeks

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<v Speaker 1>because I want to maintain my mental health. This is

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<v Speaker 1>part of investing right, and the volatility, the roller coaster

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<v Speaker 1>ride can get to you, even as someone who's been

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<v Speaker 1>here since twenty sixteen. So this is where I pay

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<v Speaker 1>attention to the data. I don't look at my portfolio.

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<v Speaker 1>When things start to move up again, I'll start looking

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<v Speaker 1>at my portfolio. Right. So hope you guys understand, and

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<v Speaker 1>I hope you have a macro view on the markets. Now,

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<v Speaker 1>we have huge news coming out from Google. They are

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<v Speaker 1>planning to do bitcoin wallet integrations. We are seeing Wall

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<v Speaker 1>Street trad five banks, now tech giants all embracing crypto

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<v Speaker 1>in one fashion or the other. So Google's Web three

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<v Speaker 1>specialists for the Asia Pacific region, Kyle Song, during a

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<v Speaker 1>panel at the Bitcoin Tech Carnival in Hong Kong on

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<v Speaker 1>February eighteenth, unveil the Tech Giants collaboration with the Bitcoin

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<v Speaker 1>Network contributors. The partnership aims to simplify access to the bitcoin

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<v Speaker 1>by integrating Google's authentication protocols with bitcoin wallets, potentially creating

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<v Speaker 1>a bridge between conventional digital identities and decentralized asset management.

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<v Speaker 1>Now why would Google be doing this, guys? Some people

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<v Speaker 1>say this is a Ponzi scheme. They say it's a fad,

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<v Speaker 1>they say it's a scam. Yet all of Wall Street,

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<v Speaker 1>all the big banks are getting involved, all of the

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<v Speaker 1>big tech companies are getting involved. Watch what they do,

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<v Speaker 1>not what they say. This is why I always encourage

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<v Speaker 1>you guys to do your own research, read up, educate yourself,

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<v Speaker 1>education and patience. Right in this acid class, we are

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<v Speaker 1>seeing a paradigm shift and everybody's gonna come on board.

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<v Speaker 1>I've told you guys for years, We're headed to the

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<v Speaker 1>token economy, where all assets will be tokenized, the economy

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<v Speaker 1>will be running on blockchain, the markets will be running

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<v Speaker 1>on blockchain. It's just as Black Rock CEO Larry fing

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<v Speaker 1>said just last year. Tokenization is the future of finance,

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<v Speaker 1>and you are seeing the building out of the infrastructure,

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<v Speaker 1>and even big tech job inside Google have to get

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<v Speaker 1>involved because if you don't get involved, if you don't

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<v Speaker 1>hop on board this train, you will have your Blockbuster moment.

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<v Speaker 1>And Blockbusters failed to adapt to the Internet. They had

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<v Speaker 1>the opportunity to buy Netflix, and they didn't, and Netflix

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<v Speaker 1>came and stole their lunch and aggress his history bankruptcy. Right,

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<v Speaker 1>So this technology is here to stay. Folks. So SONG

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<v Speaker 1>outline Google's strategy to lower the hurdles for entering the

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<v Speaker 1>bitcoin ecosystem by leveraging its existing authentication technology for wallet logins.

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<v Speaker 1>The initiative is part of a broader effort to merge

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<v Speaker 1>Web two payment systems with the decentralized world of cryptocurrency,

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<v Speaker 1>making bitcoin transactions as user friendly as current online payment methods. Guys,

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<v Speaker 1>I hope you see what is happening here. I hope

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<v Speaker 1>the price is not distracting you. I hope the fud

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<v Speaker 1>that is out there, the fear, is not distracting you

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<v Speaker 1>from what is being built in. All of these major

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<v Speaker 1>tech giants, Amazon, On, Google, you name it, they're all

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<v Speaker 1>going to be a part of this. So in addition

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<v Speaker 1>to simplifying logins, Google is exploring advanced encryption technologies such

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<v Speaker 1>as zero knowledge proofs to enhance trust and reliability between

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<v Speaker 1>on chain and off chain systems. SONG emphasize the importance

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<v Speaker 1>of addressing trust issues and improving security to foster a

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<v Speaker 1>more seamless and trustworthy integration of these technologies. The response

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<v Speaker 1>to Google's announcement has been mixed. Some industry participants express

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<v Speaker 1>concern over the risks of linking Google accounts with bitcoin wallets,

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<v Speaker 1>citing fears of centralized control and potential data vulnerabilities. So

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<v Speaker 1>let me give you my thoughts. This is very bullish.

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<v Speaker 1>I one hundred percent support this because this is going

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<v Speaker 1>to help bring more people into the asset class and

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<v Speaker 1>be able to adopt the acid class faster. I've often

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<v Speaker 1>stated that you need web three technology, but with a

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<v Speaker 1>web to interface because that's what the consumer is trained

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<v Speaker 1>to interface with, what they're accustomed to, right their banking apps,

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<v Speaker 1>their social media logins and all these things. Now, the

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<v Speaker 1>criticism of possible risks I think are valid. So that's

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<v Speaker 1>why Google needs to make sure they do this well.

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<v Speaker 1>And if they don't, they're going to fit up and

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<v Speaker 1>people could lose their tokens and NFTs and much more.

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<v Speaker 1>As we think about the future of being more digital

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<v Speaker 1>and people are essentially going to have their digital identity,

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<v Speaker 1>different cryptocurrencies and digital assets, NFTs and different things in

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<v Speaker 1>their wallets. That's going to be the future, and we're

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<v Speaker 1>going to have it on our phones. We're not going

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<v Speaker 1>to use cash and all these things, right, that is

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<v Speaker 1>where we're headed, folks, Make no mistake about it. It

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<v Speaker 1>won't happen overnight. But I like Google's vision. I like

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<v Speaker 1>what they're trying to do, but I hope they do

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<v Speaker 1>it right. And I think the company that does it

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<v Speaker 1>right will be a big winner because right now, and

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<v Speaker 1>I've said it many times, there's a lot of hurdles

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<v Speaker 1>to getting the average Joe and James to participate here

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<v Speaker 1>because many are scared. It's intimidating. The twenty four seed

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<v Speaker 1>phrase and the private keys and the public keys, all

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<v Speaker 1>these things are like foreign concepts for many people. Now,

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<v Speaker 1>you and I being early adopters, we may be more comfortable,

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<v Speaker 1>we may be more tech savvy. But the billions out

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<v Speaker 1>there who are not in here yet, many are going

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<v Speaker 1>to struggle to understand these concepts. But if you make

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<v Speaker 1>it easy by putting up web to interface and Web

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<v Speaker 1>three powering the technology behind it, it will be a

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<v Speaker 1>big win. Guys, just look at what's happening. This is

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<v Speaker 1>huge news. Google is a massive company with a lot

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<v Speaker 1>of resources and money, so you know they're going to

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<v Speaker 1>try to build the best technology. They may go out

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<v Speaker 1>and acquire companies who are currently doing these things. As

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<v Speaker 1>you know, Google's history is they've acquired a lot of

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<v Speaker 1>the services they have like YouTube, and all these things.

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<v Speaker 1>They bought those companies and then put it into their

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<v Speaker 1>mix and built it out from there. So don't be

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<v Speaker 1>surprised if they go buy some of the companies who

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<v Speaker 1>are trying to build these things like startup and so forth.

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<v Speaker 1>But nevertheless, very bolish news. All right, the SEC has

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<v Speaker 1>acknowledged more XRP spot ETF filings. So you've acknowledged the

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<v Speaker 1>twenty one shares, the bit Wise Investment, Gray Scale, Wisdom Tree,

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<v Speaker 1>Canary Funds, even the CBOE bit Wise well, I mentioned

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<v Speaker 1>Bitwise already, So very good sign, very very good sign.

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<v Speaker 1>And I believe XRP and Salona ETFs will be approved

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<v Speaker 1>this year. Obviously, the big question is the features market,

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<v Speaker 1>and we'll see how they sort that out and what

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<v Speaker 1>they do. But I think there's a high probability that

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<v Speaker 1>these ETFs get approved, and you know what that's going

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<v Speaker 1>to do for the price of XRP. Just look at

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<v Speaker 1>what it did for Bitcoin and the whole massive run

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<v Speaker 1>up there. And what's going to happen is when XRP

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<v Speaker 1>Solana get approved, you're going to have basket ETFs index

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<v Speaker 1>ETFs where it includes Bitcoin, Etherorem, XRP, and Solana so

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<v Speaker 1>all of these financial products will be built out for

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<v Speaker 1>the market. Guys, so very bolish. Now, something very interesting

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<v Speaker 1>happened this evening President Donald Trump on truth Social he

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<v Speaker 1>shared an article and this article is actually from January,

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<v Speaker 1>but the article talks specifically about Ripple and XRP. The

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<v Speaker 1>headline reads Donald Trump Effect bumps, Ripple Labs us Deals,

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<v Speaker 1>XRP gains and it shows Brad garling House in the

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<v Speaker 1>preview image. This was shared by Donald Trump this evening

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<v Speaker 1>and it's a coindest article and he talks about Ripple

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<v Speaker 1>and their thoughts on the Trump Effect and talks about

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<v Speaker 1>Ripple Labs and r L USD and XRP Ledger and

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<v Speaker 1>so forth. What an article for him to share. And

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<v Speaker 1>remember this article from January specifically, it was published on

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<v Speaker 1>January sixth, So a lot of people are like, hey,

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<v Speaker 1>what is happening here? This looks really big and it

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<v Speaker 1>includes quotes from Brad garling House, Ripples CEO, talking about Ginster,

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<v Speaker 1>talking about Trump and much more. Guys, Trump knows what's

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<v Speaker 1>going going on here. He knows about crypto. I don't

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<v Speaker 1>think he knows every aspect of the crypto market, but

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<v Speaker 1>he knows about Ripple. He knows about XRP because we

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<v Speaker 1>saw Ripple CEO Brad garling House and their chief legal

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<v Speaker 1>officer Stuart Alaradi met with Trump and Ripple was a

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<v Speaker 1>big donator to the fair Share pack in the elections

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<v Speaker 1>and much more so. Very fascinating. I'm not gonna take

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<v Speaker 1>it beyond that because I'm not here to tell you,

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<v Speaker 1>guys fairy tales and you know, hype you up on

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<v Speaker 1>stuff that we don't know about. But this is a

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<v Speaker 1>very positive side. I'll leave it at that. Right if

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<v Speaker 1>you're an XRP holder, very positive sign. But you guys

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<v Speaker 1>can imagine, you know, some bitcoin maxis are going to

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<v Speaker 1>be crying, okay. SEC seeks public feedback on approving options

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<v Speaker 1>trading for Grayscale, bit Wise, Etheromy Tap. So, guys, we

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<v Speaker 1>have bitcoin options training live. We could see Ethereum options

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<v Speaker 1>trading coming through and this is very good. More ETF

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<v Speaker 1>financial products are going to be built out. So the

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<v Speaker 1>SEC asked for those comments on whether it's allows CBOE

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<v Speaker 1>Exchange Incorporated to list and trade options on the Grayscale

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<v Speaker 1>Ethereum Trust ETF, the Grayscale etherrem Mini Trust ETF and

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<v Speaker 1>the Bitwise etherorem At ETF according to a regulatory filing

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<v Speaker 1>posted on Tuesday. So things are moving ahead, folks. And

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<v Speaker 1>eventually when XRP, Salon and all these other ETFs get approved,

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<v Speaker 1>they'll have options trading as well, folks. Quick word from

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<v Speaker 1>our sponsor, and that is Bitgo, which is one of

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<v Speaker 1>the top tier crypto custodians in the market. Bitco has

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<v Speaker 1>been around from multiple bull and bear market cycles. They're

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<v Speaker 1>headed up by Mike Belshie, who is a web one

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<v Speaker 1>point zero and two point zero legend, and they've been

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<v Speaker 1>around since twenty thirteen, guys, and they offer a variety

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<v Speaker 1>of services. They're trusted by many big institutions and companies

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<v Speaker 1>in the crypto industry. For example, twenty one Shares which

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<v Speaker 1>issues ETFs, uses Bitgo, Panura Capital that's Dan Moorehead's hedge

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<v Speaker 1>fund uses a Bitgo suite, a token project, and Bitstamp

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<v Speaker 1>Exchange uses Bitgo. So they have a ton of services,

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<v Speaker 1>wallet services, prime services, and much more. Because they also

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<v Speaker 1>have a retail platform where you can buy, sell, trade

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<v Speaker 1>crypto and even state crypto. And of course you have

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<v Speaker 1>the top of the line security and custody. They have

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<v Speaker 1>a self hosted wallet as well. So if you'd like

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<v Speaker 1>to learn more about Bidgo, go to bitgo dot com.

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<v Speaker 1>Link will be in the description. Now, guys, we're hearing

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<v Speaker 1>more news every day or every week, as you say,

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<v Speaker 1>about companies planning to do IPOs this year. I think

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<v Speaker 1>we're going to see a lot of crypto companies ipo.

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<v Speaker 1>So Fold, which is a bitcoin financial services company, and

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<v Speaker 1>they haven't appened much more. Their CEO, Will Reeves tweeted

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<v Speaker 1>out Fold makes history tomorrow debuting on Nasdaq as the

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<v Speaker 1>first bitcoin financial services company to go public and one

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<v Speaker 1>of the world's top twenty five bitcoin treasuries. So you

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<v Speaker 1>are starting to see different crypto companies starting to go

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<v Speaker 1>public and planning IPOs. The big ones will be like Circle, Bitgo.

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<v Speaker 1>You know my sponsor as mentioned Ripple, Gemini Exchange, they

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<v Speaker 1>said they want to do something like that, So don't

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<v Speaker 1>be surprised some of these names later this year ago public.

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<v Speaker 1>Now we got news that FTX is going to begin

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<v Speaker 1>initial fund distributions to customers as is bankruptcy recovery forges on.

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<v Speaker 1>So the customers are going to be getting cash and

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<v Speaker 1>it says you're convenience class customers. Those claiming up to

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<v Speaker 1>fifty thousand dollars will begin seeing their funds in the

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<v Speaker 1>next one to three business days. Funds will be available

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<v Speaker 1>through bitco and cracking ftx set. So Bitco, like I said, guys,

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<v Speaker 1>I trust the custodian. He's noticed they're being used by

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<v Speaker 1>different folks across the industry. So this is the initial

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<v Speaker 1>batch that are going to be getting once again and

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<v Speaker 1>claiming up to fifty thousand. The next round of distributions

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<v Speaker 1>will take place on April eleventh ftx set. So the

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<v Speaker 1>big question is, you know, the people getting back their money,

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<v Speaker 1>will they be buying putting some of it into the market.

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<v Speaker 1>I think some of them will, but some of them

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<v Speaker 1>are probably going to be like I'm getting the hell

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<v Speaker 1>out of here with this cash, right. But it's great

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<v Speaker 1>that this is happening and nature is healing a bit

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<v Speaker 1>here after the beforefoonery of Sambakmr Freed and the clowns.

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<v Speaker 1>That we're working with them, and we hope things like

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<v Speaker 1>this don't happen again, and crypto legislation and these things

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<v Speaker 1>will be passed this year. But very good that this

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<v Speaker 1>is coming to a conclusion and we can put it

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<v Speaker 1>behind us, and let's see if some of this cash

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<v Speaker 1>makes its way into the market. Now, we got news

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<v Speaker 1>that blockaid closes a fifty million dollars Series B to

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<v Speaker 1>expand its machine learning security offerings so on chain security platform.

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<v Speaker 1>Block Aid has raised fifty million dollars in a Series

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<v Speaker 1>B led by Ribet Capital. The company provides security solutions

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<v Speaker 1>for some of the largest crypto firms and projects, including

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<v Speaker 1>coinbase and Metamass. So a couple of things. One, we

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<v Speaker 1>continue to see these companies are getting capital. Many hedge funds,

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<v Speaker 1>even tradfi hedge funds, are involving crypto now. They're investing

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<v Speaker 1>in the companies building the infrastructure as well as the

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<v Speaker 1>token projects. They're buying the tokens, right, but great to

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<v Speaker 1>see these companies are getting the money. And I've often

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<v Speaker 1>said that if you're an entrepreneur, you have an idea,

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<v Speaker 1>go pitch it man now's its You will get capital

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<v Speaker 1>if you have a good idea, even if you just

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<v Speaker 1>get like eight to ten million, right or it's start

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<v Speaker 1>off small. Notice these companies do Series A B C,

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<v Speaker 1>so this is a Series B. So sometimes you start

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<v Speaker 1>off with a small capital infusion, you get your company

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<v Speaker 1>up and running, you make progress, then you go raise

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<v Speaker 1>a second round, showing the progress you made, you get

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<v Speaker 1>more capital, so so on and so forth, and second

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<v Speaker 1>on this news is that great to see that security

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<v Speaker 1>platforms are getting money and they're starting to ramp up

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<v Speaker 1>because we need the guardrails in place for security because

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<v Speaker 1>there's bad actors. There's a lot of people who will

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<v Speaker 1>try to hack different crypto projects and they're going to

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<v Speaker 1>try to use AI and different things. So we got

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<v Speaker 1>to make sure the security is up to par before

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<v Speaker 1>we bring in the next one to two billion people.

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<v Speaker 1>It's important because if we're trying to scale this to

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<v Speaker 1>the masses, we need to make sure all our e's

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<v Speaker 1>are dotted and our teas are crossed. Final news item

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<v Speaker 1>here former Tether CEO to date rival yield bearing stable

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<v Speaker 1>coin on etherrem and Salona. This is according to Bloomberg,

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<v Speaker 1>So this is interesting. So the co founder is Reeve Collins.

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<v Speaker 1>I actually interviewed him guys interview. I'll try to get

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<v Speaker 1>him back on the podcast to talk about this, but

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<v Speaker 1>I interviewed Reeve maybe a couple of times. He's one

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<v Speaker 1>of the original founders of Tether, and he's launching his

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<v Speaker 1>own stable coin like some new entrance into the stable

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<v Speaker 1>coin folds such as Athena and m zero. Collins Pie

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<v Speaker 1>protocol will offer a holders yield likely earned on token

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<v Speaker 1>i's real world assets. This stands apart from the first

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<v Speaker 1>stable coins like FIAT backed USDT and USDC and algorithmically

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<v Speaker 1>supported die Dai, which simply tracks the value of the

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<v Speaker 1>US dollar. According to Bloomberg, the stable Cordin protocol will

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<v Speaker 1>launch on a Theorem and Salona blockchains in the second

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<v Speaker 1>half of twenty twenty five. It's unclear how the stable

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<v Speaker 1>coin will generate yield, though several existing tokens passed along

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<v Speaker 1>revenues earned on token issed real world assets, like US

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<v Speaker 1>treasuries mountains protocol USDM stable coin, introduced last year, currently

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<v Speaker 1>offers holders about five percent in annual yield earned off

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<v Speaker 1>its backed assets. So great to see competition and entering

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<v Speaker 1>the market here and someone who has experienced behind stable coins,

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<v Speaker 1>and I will be very curious to see how this

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<v Speaker 1>yield is being generated. That is so important, guys, because

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<v Speaker 1>we don't want to just put our money into stuff

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<v Speaker 1>that is not tested and we don't know what's happening

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<v Speaker 1>behind the scenes. It's important to get the information, so

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<v Speaker 1>I'll try to get Reef back on the podcast to

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<v Speaker 1>talk about this. But great to see these new options

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<v Speaker 1>being put out there, and competition is healthy for the

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<v Speaker 1>market and it helps everybody to try to win the

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<v Speaker 1>consumer to have a better product, offer lower fees and

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<v Speaker 1>all that better service and all these things. So this

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<v Speaker 1>is really good. Guys, that's the news. Let me know

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<v Speaker 1>what you think. Leave your thoughts and comments below hit

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<v Speaker 1>the thumbs up button. A great way you can support

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00:17:59.640 --> 00:18:02.160
<v Speaker 1>me by subscribing to my free email news that are

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<v Speaker 1>on Substack. It's one hundred percent free. Check out my

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<v Speaker 1>book on Amazon. It's available in paperback, in digital. And

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<v Speaker 1>if you would like to boost your crypto knowledge to

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00:18:10.400 --> 00:18:12.680
<v Speaker 1>get a full understanding of the crypto market from A

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00:18:12.759 --> 00:18:16.240
<v Speaker 1>to Z, check out my new course at mycryptocourse dot

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<v Speaker 1>com linkobing in description. This is a comprehensive course and

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00:18:19.839 --> 00:18:22.759
<v Speaker 1>best of all, what makes it unique, it includes expert

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<v Speaker 1>commentary here from founders, CEOs and institutional investors in the

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<v Speaker 1>crypto space breaking down the different aspects of crypto. No

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00:18:31.839 --> 00:18:34.640
<v Speaker 1>other course offers that. It's a one time fee for

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00:18:34.759 --> 00:18:37.079
<v Speaker 1>lifetime access. Go at your own pace. You can share

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00:18:37.119 --> 00:18:39.160
<v Speaker 1>the log in with your friends and family if you want,

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00:18:39.599 --> 00:18:42.319
<v Speaker 1>but this course has a lot of value. I packed

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00:18:42.359 --> 00:18:45.079
<v Speaker 1>a lot of my knowledge and the expert commentary in there.

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<v Speaker 1>It includes full write ups, downloadable materials, and videos of course,

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00:18:49.039 --> 00:18:51.400
<v Speaker 1>so if you'd like to learn more, go to mycryptocourse

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<v Speaker 1>dot com. Guys, thank you for watching and listening. I

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

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<v Speaker 1>Tak bakst bok pak talk, Pak talk that