Speaker 1: The SEC has acknowledged the XRP ETFs in addition to
Speaker 1: dogecoin ETFs. This is very bullish for the approval process,
Speaker 1: and Ripple CEO goes to Washington, d C reporting that
Speaker 1: crypto legislation is making big progress there and Elon Musk's
Speaker 1: X is looking to integrate crypto very soon. I'll share
Speaker 1: the details. Let's get into it. Hey, everybody, welcome into
Speaker 1: the Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews.
Speaker 1: I'm your host, Tony Edward. On your way in. Please
Speaker 1: sit that subscribe button as well as the thumbs up
Speaker 1: button and leave a comment below. If you're listening on
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Speaker 1: a five star rating and review. Folks, let's start off
Speaker 1: with the big news and that the SEC is moving
Speaker 1: forward with weighing proposals for gray scales, XRP and dogecoin
Speaker 1: ets The TLDR here is they have acknowledge gray scales XRP,
Speaker 1: spot ETF and dosecoin ETF applications. And this is the
Speaker 1: second phase and the phase right before they make a
Speaker 1: decision whether they approve or deny. You may recall this
Speaker 1: was something they did for the bitcoins BOTYTF as well
Speaker 1: as the Etherorem's bodytf SO. In a nineteen B Dash
Speaker 1: four form posted on Thursday acknowledging the New York Stock
Speaker 1: Exchange arcas filing on behalf of great Scale, the SEC
Speaker 1: asks for those comments to be filed twenty one days
Speaker 1: after being published in the Federal Register, following that the
Speaker 1: SEC could decide to approve this, approve or institute proceedings.
Speaker 1: A nineteen B Dash four filing is the second part
Speaker 1: of a two step process for proposing a spot crypto ETF.
Speaker 1: Once the SEC acknowledges the filing, it will be published
Speaker 1: in the Federal Register, initiating the agency's approval process. Very
Speaker 1: big news here, folks, And as mentioned, this is part
Speaker 1: of the approval process, right, you got to go through
Speaker 1: these different phases. So the SEC acknowledging this and not
Speaker 1: rejecting it instantly is a good sign. Now, it doesn't
Speaker 1: mean it's going to be an instant approval. We have
Speaker 1: to wait and see if there's going to be any details.
Speaker 1: Because one of the things I've been saying, and I've
Speaker 1: had my guests experts in the ETF market come on
Speaker 1: and say, is that the SEC has required a futures
Speaker 1: market before they approve the spot. They did this with
Speaker 1: bitcoin and e therapy. Now it doesn't mean they can't
Speaker 1: deviate from that and change their mind. Under the new
Speaker 1: Crypto Task for US, Paul Atkins, the new chair that
Speaker 1: they say, you know what, we don't need the futures,
Speaker 1: but more likely to not they're going to ask for
Speaker 1: the futures. So we'll see what they come back with.
Speaker 1: And if you caught my interview with Matt Hogan of
Speaker 1: Bitwise Asset Management, which has filed for an XRP spot ETF,
Speaker 1: we talked about the timeline, about XRP, Salona and much more.
Speaker 1: That interview was published this morning, so be sure to
Speaker 1: check it out. He breaks down what the process will
Speaker 1: look like. But guys, we're making progress and we want
Speaker 1: to see progress, and things are moving in the right
Speaker 1: direction here for an x RP ETF, dose coins, Salon
Speaker 1: and much more. Obviously, x this cycle has a lot
Speaker 1: of enthusiasm, a lot of people are bullish on it,
Speaker 1: and I want to share some examples because we're seeing
Speaker 1: that even the biggest haters like Da Vinci and Mike
Speaker 1: Novograts and all these guys are coming out saying positive
Speaker 1: things about XRP. Now, remember they were trashing it, making
Speaker 1: fun of it, saying the most negative things, and now
Speaker 1: all these haters are capitulating. That's number one. We're also
Speaker 1: seeing mainstream influencers and YouTubers are highlighting XRP as an investment.
Speaker 1: For example, Andre Jick, who has two point five two
Speaker 1: million subscribers, did a video yesterday on XRP. Now he's
Speaker 1: done a video in the past, but this is another one,
Speaker 1: and he titled it why XRP could hit one hundred dollars.
Speaker 1: So people who are not cryptospecific channels or cryptospecific influencers
Speaker 1: are talking about XRP. Very different this cycle, guys. So
Speaker 1: this is why I'm very bullish in XRP. I think
Speaker 1: it's going to do well. You got the ETF and
Speaker 1: of course the price has been doing really well. Xrp's
Speaker 1: being one of the leaders in all coin market, obviously
Speaker 1: showing significant growth. Bitcoin maxis are crying, haters are capitulating,
Speaker 1: and mainstream folks are picking up on this investment. So XRP,
Speaker 1: as I've been telling you guys for a long time,
Speaker 1: I think it has room to go up to five
Speaker 1: dollars or higher. Could we see eight to ten dollars.
Speaker 1: It's possible. It just depends on how the bullmarket goes.
Speaker 1: There are no guarantees or certainties, right. If anyone tells
Speaker 1: you it's guaranteed to get to this price, watch out right.
Speaker 1: If they know the future, ask them for the winning
Speaker 1: lottery numbers next week. That would be great. So XRP
Speaker 1: obviously hit its old all time high, broke through just
Speaker 1: a bit, so that's very good. And it's been once
Speaker 1: again a leader, and I expect further upside. And the
Speaker 1: ETF approvals and all these things are just going to
Speaker 1: add more fuel to the fire here, so I'm very
Speaker 1: bullish on XRP. Obviously, there's other ETFs that are getting
Speaker 1: acknowledged and Nature Raci of the ETF Store said, the
Speaker 1: SEC has now accepted filings for Salona, x RP, doge coin,
Speaker 1: and like corinytfs, no idea if these get approved. My
Speaker 1: guess is they will. You may hate some or all
Speaker 1: of these crypto acids, but this is what a constructive
Speaker 1: regulator looks like. Engage debate, learn such a breath of
Speaker 1: fresh air. Essentially, he's saying this is a one to
Speaker 1: eighty from scumbag regulator Gary Gins here, right. Remember, the
Speaker 1: SEC had to get sued by Grayscale to even approve
Speaker 1: a bitcoin ETF, and the judges had to call the
Speaker 1: SEC arbitrary and capricious, ridiculous stuff. Now they eventually approve
Speaker 1: it an ETHERREMYTF, and I think they under this new administration,
Speaker 1: with the Crypto Task Wars Paul Atkins coming in as
Speaker 1: a chair, they're going to prove these other old coin ETFs.
Speaker 1: It's a matter of when not if, so this could
Speaker 1: happen a bit later in the year. But guys, the
Speaker 1: ball is rolling and it's very bullish. I hope you
Speaker 1: see what's happening here now. Ripple CEO replied to a
Speaker 1: tweet thread that the SEC acknowledged the XRP nineteen b
Speaker 1: dash Forth filing, saying I recall pointing out more than
Speaker 1: once that this is inevitable, despite some vocal assertions to
Speaker 1: the contrary. He also tweeted out that he was in Washington,
Speaker 1: d C. Yesterday and he said he walked away from
Speaker 1: DC yesterday with the feeling that there is finally an
Speaker 1: incredible opportunity to advance meaningful bipartisan legislation that establishes clear,
Speaker 1: constructive and pro innovation regulatory frameworks for crypto. He said
Speaker 1: thank you to these leaders and he posted photos with him.
Speaker 1: Senator Tim Scott Richie Torres, Democrat who supports crypto. By
Speaker 1: the way, Bill Heizinga, who I've had on the podcast,
Speaker 1: represented Timmins, Zach Nunn represented Brian Steele and others. Pitchard
Speaker 1: bo Hines, Senator Schumer, Democrat who supports crypto, Catherine Clark
Speaker 1: and French Hill, who I've had on the podcast, and
Speaker 1: I should be having him back on very soon. He's
Speaker 1: now the chair of the House Financial Services Committee. Guys,
Speaker 1: things are moving ahead in DC and great to see
Speaker 1: Brad is out there. And I'm sure there's other crypto
Speaker 1: CEOs also out there. So I'm so excited for this year.
Speaker 1: We're going to get legislation. I know the price is
Speaker 1: a bit depressing right now, but this is part of investing.
Speaker 1: You got to go through these consolidation zones, this rollercoaster ride,
Speaker 1: and this is where you've got to check your emotions
Speaker 1: and be patient, you know. Warren Buffett has the quote
Speaker 1: saying the stock market is a transfer of wealth from
Speaker 1: the impatient to the patient. So when in doubt, zoom
Speaker 1: out have a macro view of the markets. Guys. Quick
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Speaker 1: check this news out. Fireblocks executive says Elon Musk. X
Speaker 1: Money expected to be crypto ready by the end of
Speaker 1: this year. I think we all notice is coming. Elon
Speaker 1: Musk absolutely understands blocking technology payments. The man you know,
Speaker 1: helped found PayPal, and he understands crypto Tesla holds bigcoin
Speaker 1: in his balance sheet. Elon personally holds dochecoin, Bitcoin in
Speaker 1: e theorem, and he's hinted at different things and talked
Speaker 1: about crypto in different ways. So his vision for exes
Speaker 1: to make it a payments app, and eventually he wants
Speaker 1: it to be the What's App of the United States, right,
Speaker 1: So he's going to integrate different crypto payments. We have
Speaker 1: to get the details on c but you know, Fireblocks
Speaker 1: SVP of Payments, Ran Goldie told The block that from
Speaker 1: what he's hearing, x money is expected to be crypto
Speaker 1: ready by the end of twenty twenty five, although there
Speaker 1: was no mention of crypto. Last month, Elon musk x
Speaker 1: money partner with Visa to enable transfers between digital wallets
Speaker 1: and bank accounts in addition to peer to peer payments.
Speaker 1: Now many of you know, Visa integrated stable coin payments
Speaker 1: and they're testing a whole bunch of stuff with blockchain,
Speaker 1: so very very interesting. So this is just a matter
Speaker 1: of when not if it's coming. Guys. You know, Elon
Speaker 1: is up to something here and he's going to try
Speaker 1: to make this platform x which is formerly Twitter, into
Speaker 1: this all in one app for finance, social media and
Speaker 1: all that jazz. So very very bullish. Now Framework Ventures
Speaker 1: leads twenty million dollars Series A for stable coin firm Plasma.
Speaker 1: So the investments, the mergers, the acquisitions continue, guys, healthy
Speaker 1: signs of a bull market and a growing industry and
Speaker 1: asset class. Lasthma is building out a blockchain that's specifically
Speaker 1: built for tethers USD pegged stable coin USDT to enable
Speaker 1: more efficient transactions. The firm plans to use its funding
Speaker 1: to continue developing the Plasma blockchain, which is an EVM
Speaker 1: compatible Bitcoin side chain to facilitate USDT transfers with no fees.
Speaker 1: Very interesting. So you're seeing a lot of innovation, a
Speaker 1: lot of ideas. I've been telling you guys for a while.
Speaker 1: You have an idea, you want to build something. You're
Speaker 1: an entrepreneur. Now's the time to go pitch it to
Speaker 1: many of these hedge funds and firms. You will get money,
Speaker 1: You get capital as long as your idea is good,
Speaker 1: of course, but you know you can even get something
Speaker 1: at like five million or ten million to start off.
Speaker 1: With their companies getting huge funding rounds. I'm talking sixty
Speaker 1: seventy million dollars in higher so an exciting time. You know,
Speaker 1: it's amazing to watch this unfold. We saw it in
Speaker 1: Web two point zero and Web one point zero, so
Speaker 1: it's happening here in Web three Crypto dot Com, which
Speaker 1: is of course aypto app slash exchange. They have received
Speaker 1: regulatory approval to provide crypto services to all European Economic
Speaker 1: Areas or the Member States European Economic Area Member States,
Speaker 1: So the expansion continues, folks. Final news item here, This
Speaker 1: one is interesting. Memestock favorite game Stop considers investing in
Speaker 1: bitcoin and other crypto. Essentially, they're looking to put it
Speaker 1: on their balance sheet right, kind of using a micro
Speaker 1: strategy model. And now I don't think they're going to
Speaker 1: raise debt, but this is fascinating. I think we're going
Speaker 1: to see more and more companies do this. Guys. GameStop
Speaker 1: has this massive following obviously with the stock and everything
Speaker 1: that took place back in twenty twenty and twenty twenty one.
Speaker 1: But let's see if they actually go through with it. It
Speaker 1: looks like they're exploring. They said here, game Stop is
Speaker 1: exploring investments in alternative asset classes, including crypto and in
Speaker 1: particular bitcoin. Three sources told the business news outlets. So
Speaker 1: if they put some bitcoin in their balance sheet to
Speaker 1: retain the purchasing power of the actually have I think
Speaker 1: it makes sense, right, diversified because the basement inflation is
Speaker 1: going to continue. This is the fiance money system and
Speaker 1: that we live in, and this is why we diversify
Speaker 1: into assets. Now. I've often stated, yes, you can invest
Speaker 1: in real estate, the stock market and precious metals. Gold
Speaker 1: is ripping right, But nothing moves like crypto. As billionaire
Speaker 1: Paul Tudor Jones said, it's the fastest horse in the race.
Speaker 1: Nothing gives you a return like this. So, guys, that's
Speaker 1: the news. As mentioned earlier, be patient. Patience is a
Speaker 1: big part of investing. Control your emotions. I've often stated
Speaker 1: when the market's down like this, I don't look at
Speaker 1: my portfolio. Guys, I've not looked at my portfolio like
Speaker 1: a week because I know the psychological impact. I know
Speaker 1: my funds are safe. Yes, you can usually, like you know,
Speaker 1: check in and make sure everything's okay. But I don't
Speaker 1: sit there scrolling, Oh this coint is down. Oh man,
Speaker 1: this is right. There's no point as long as I'm
Speaker 1: basing my thesis is based on data, not emotions. That
Speaker 1: we are still in a bull market based on the data,
Speaker 1: the unchain data, the signals and the carriers and so forth.
Speaker 1: Then I don't have to worry, and I have a
Speaker 1: cash out plan so I know what to do next
Speaker 1: once the market starts pumping. So you got to be prepared.
Speaker 1: You got to mentally prepare yourself if you want to
Speaker 1: make good money in this market. Guys, you've got to
Speaker 1: make the investments. Skip the Netflix show, right, Sometimes you
Speaker 1: got to skip going out and just sit down, write
Speaker 1: out your plan, study the charge, study all these things.
Speaker 1: That's why I created a crypto course to help people
Speaker 1: learn as much as possible by crypto. It's at mycryptocurse
Speaker 1: dot com. It's a comprehensive course that covers every aspect
Speaker 1: of crypto. It includes expert commentary from CEOs, founders, institutional investors,
Speaker 1: and much more. It includes videos, downloadable materials, text write ups,
Speaker 1: one time fee for lifetime access. Go at your own
Speaker 1: pace and expand your crypto knowledge, guys, because knowledge is power.
Speaker 1: And I went on this journey of learning and it
Speaker 1: helped me to make significant returns and this bull market cycle,
Speaker 1: I'm going to be pretty happy with my profits. I'm
Speaker 1: already happy with where my portfolio is because it's up
Speaker 1: from the bear market, but I know there's another leg
Speaker 1: up here and I'll be taking profits. And I told
Speaker 1: you guys, some of that money pay off debt, some
Speaker 1: of it goes into retirement, some of it I'm going
Speaker 1: to use to help family, and then some of it
Speaker 1: I'm going to reinvest in the bloody bear market because
Speaker 1: I'm going to ride the wave again to the twenty
Speaker 1: twenty eight bullmarket. Guys, hope you see how I'm approaching
Speaker 1: this and how I'm thinking about this macro view, gaining
Speaker 1: as much knowledge as possible and having a plan, a strategy.
Speaker 1: That's how you got to approach it, folks. Guys. Another
Speaker 1: great way you can support me sign up for my
Speaker 1: free email, Loser. It's one hundred percent free. It's on substack. Also,
Speaker 1: grab a copy of my book, Rethinking Crypto. It's available
Speaker 1: on Amazon and paperback in digital. Thank you guys for
Speaker 1: watching and listening. I appreciate you all, and I'll talk
Speaker 1: to you all later.