WEBVTT

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<v Speaker 1>The SEC has acknowledged the XRP ETFs in addition to

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<v Speaker 1>dogecoin ETFs. This is very bullish for the approval process,

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<v Speaker 1>and Ripple CEO goes to Washington, d C reporting that

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<v Speaker 1>crypto legislation is making big progress there and Elon Musk's

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<v Speaker 1>X is looking to integrate crypto very soon. I'll share

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<v Speaker 1>the details. Let's get into it. Hey, everybody, welcome into

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<v Speaker 1>the Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews.

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<v Speaker 1>I'm your host, Tony Edward. On your way in. Please

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<v Speaker 1>sit that subscribe button as well as the thumbs up

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<v Speaker 1>button and leave a comment below. If you're listening on

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<v Speaker 1>a podcast platform such as Spotify or Apple, please leave

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<v Speaker 1>a five star rating and review. Folks, let's start off

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<v Speaker 1>with the big news and that the SEC is moving

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<v Speaker 1>forward with weighing proposals for gray scales, XRP and dogecoin

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<v Speaker 1>ets The TLDR here is they have acknowledge gray scales XRP,

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<v Speaker 1>spot ETF and dosecoin ETF applications. And this is the

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<v Speaker 1>second phase and the phase right before they make a

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<v Speaker 1>decision whether they approve or deny. You may recall this

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<v Speaker 1>was something they did for the bitcoins BOTYTF as well

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<v Speaker 1>as the Etherorem's bodytf SO. In a nineteen B Dash

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<v Speaker 1>four form posted on Thursday acknowledging the New York Stock

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<v Speaker 1>Exchange arcas filing on behalf of great Scale, the SEC

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<v Speaker 1>asks for those comments to be filed twenty one days

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<v Speaker 1>after being published in the Federal Register, following that the

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<v Speaker 1>SEC could decide to approve this, approve or institute proceedings.

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<v Speaker 1>A nineteen B Dash four filing is the second part

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<v Speaker 1>of a two step process for proposing a spot crypto ETF.

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<v Speaker 1>Once the SEC acknowledges the filing, it will be published

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<v Speaker 1>in the Federal Register, initiating the agency's approval process. Very

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<v Speaker 1>big news here, folks, And as mentioned, this is part

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<v Speaker 1>of the approval process, right, you got to go through

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<v Speaker 1>these different phases. So the SEC acknowledging this and not

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<v Speaker 1>rejecting it instantly is a good sign. Now, it doesn't

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<v Speaker 1>mean it's going to be an instant approval. We have

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<v Speaker 1>to wait and see if there's going to be any details.

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<v Speaker 1>Because one of the things I've been saying, and I've

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<v Speaker 1>had my guests experts in the ETF market come on

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<v Speaker 1>and say, is that the SEC has required a futures

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<v Speaker 1>market before they approve the spot. They did this with

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<v Speaker 1>bitcoin and e therapy. Now it doesn't mean they can't

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<v Speaker 1>deviate from that and change their mind. Under the new

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<v Speaker 1>Crypto Task for US, Paul Atkins, the new chair that

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<v Speaker 1>they say, you know what, we don't need the futures,

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<v Speaker 1>but more likely to not they're going to ask for

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<v Speaker 1>the futures. So we'll see what they come back with.

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<v Speaker 1>And if you caught my interview with Matt Hogan of

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<v Speaker 1>Bitwise Asset Management, which has filed for an XRP spot ETF,

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<v Speaker 1>we talked about the timeline, about XRP, Salona and much more.

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<v Speaker 1>That interview was published this morning, so be sure to

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<v Speaker 1>check it out. He breaks down what the process will

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<v Speaker 1>look like. But guys, we're making progress and we want

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<v Speaker 1>to see progress, and things are moving in the right

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<v Speaker 1>direction here for an x RP ETF, dose coins, Salon

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<v Speaker 1>and much more. Obviously, x this cycle has a lot

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<v Speaker 1>of enthusiasm, a lot of people are bullish on it,

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<v Speaker 1>and I want to share some examples because we're seeing

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<v Speaker 1>that even the biggest haters like Da Vinci and Mike

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<v Speaker 1>Novograts and all these guys are coming out saying positive

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<v Speaker 1>things about XRP. Now, remember they were trashing it, making

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<v Speaker 1>fun of it, saying the most negative things, and now

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<v Speaker 1>all these haters are capitulating. That's number one. We're also

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<v Speaker 1>seeing mainstream influencers and YouTubers are highlighting XRP as an investment.

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<v Speaker 1>For example, Andre Jick, who has two point five two

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<v Speaker 1>million subscribers, did a video yesterday on XRP. Now he's

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<v Speaker 1>done a video in the past, but this is another one,

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<v Speaker 1>and he titled it why XRP could hit one hundred dollars.

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<v Speaker 1>So people who are not cryptospecific channels or cryptospecific influencers

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<v Speaker 1>are talking about XRP. Very different this cycle, guys. So

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<v Speaker 1>this is why I'm very bullish in XRP. I think

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<v Speaker 1>it's going to do well. You got the ETF and

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<v Speaker 1>of course the price has been doing really well. Xrp's

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<v Speaker 1>being one of the leaders in all coin market, obviously

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<v Speaker 1>showing significant growth. Bitcoin maxis are crying, haters are capitulating,

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<v Speaker 1>and mainstream folks are picking up on this investment. So XRP,

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<v Speaker 1>as I've been telling you guys for a long time,

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<v Speaker 1>I think it has room to go up to five

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<v Speaker 1>dollars or higher. Could we see eight to ten dollars.

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<v Speaker 1>It's possible. It just depends on how the bullmarket goes.

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<v Speaker 1>There are no guarantees or certainties, right. If anyone tells

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<v Speaker 1>you it's guaranteed to get to this price, watch out right.

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<v Speaker 1>If they know the future, ask them for the winning

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<v Speaker 1>lottery numbers next week. That would be great. So XRP

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<v Speaker 1>obviously hit its old all time high, broke through just

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<v Speaker 1>a bit, so that's very good. And it's been once

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<v Speaker 1>again a leader, and I expect further upside. And the

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<v Speaker 1>ETF approvals and all these things are just going to

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<v Speaker 1>add more fuel to the fire here, so I'm very

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<v Speaker 1>bullish on XRP. Obviously, there's other ETFs that are getting

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<v Speaker 1>acknowledged and Nature Raci of the ETF Store said, the

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<v Speaker 1>SEC has now accepted filings for Salona, x RP, doge coin,

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<v Speaker 1>and like corinytfs, no idea if these get approved. My

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<v Speaker 1>guess is they will. You may hate some or all

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<v Speaker 1>of these crypto acids, but this is what a constructive

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<v Speaker 1>regulator looks like. Engage debate, learn such a breath of

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<v Speaker 1>fresh air. Essentially, he's saying this is a one to

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<v Speaker 1>eighty from scumbag regulator Gary Gins here, right. Remember, the

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<v Speaker 1>SEC had to get sued by Grayscale to even approve

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<v Speaker 1>a bitcoin ETF, and the judges had to call the

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<v Speaker 1>SEC arbitrary and capricious, ridiculous stuff. Now they eventually approve

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<v Speaker 1>it an ETHERREMYTF, and I think they under this new administration,

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<v Speaker 1>with the Crypto Task Wars Paul Atkins coming in as

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<v Speaker 1>a chair, they're going to prove these other old coin ETFs.

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<v Speaker 1>It's a matter of when not if, so this could

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<v Speaker 1>happen a bit later in the year. But guys, the

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<v Speaker 1>ball is rolling and it's very bullish. I hope you

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<v Speaker 1>see what's happening here now. Ripple CEO replied to a

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<v Speaker 1>tweet thread that the SEC acknowledged the XRP nineteen b

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<v Speaker 1>dash Forth filing, saying I recall pointing out more than

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<v Speaker 1>once that this is inevitable, despite some vocal assertions to

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<v Speaker 1>the contrary. He also tweeted out that he was in Washington,

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<v Speaker 1>d C. Yesterday and he said he walked away from

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<v Speaker 1>DC yesterday with the feeling that there is finally an

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<v Speaker 1>incredible opportunity to advance meaningful bipartisan legislation that establishes clear,

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<v Speaker 1>constructive and pro innovation regulatory frameworks for crypto. He said

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<v Speaker 1>thank you to these leaders and he posted photos with him.

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<v Speaker 1>Senator Tim Scott Richie Torres, Democrat who supports crypto. By

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<v Speaker 1>the way, Bill Heizinga, who I've had on the podcast,

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<v Speaker 1>represented Timmins, Zach Nunn represented Brian Steele and others. Pitchard

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<v Speaker 1>bo Hines, Senator Schumer, Democrat who supports crypto, Catherine Clark

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<v Speaker 1>and French Hill, who I've had on the podcast, and

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<v Speaker 1>I should be having him back on very soon. He's

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<v Speaker 1>now the chair of the House Financial Services Committee. Guys,

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<v Speaker 1>things are moving ahead in DC and great to see

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<v Speaker 1>Brad is out there. And I'm sure there's other crypto

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<v Speaker 1>CEOs also out there. So I'm so excited for this year.

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<v Speaker 1>We're going to get legislation. I know the price is

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<v Speaker 1>a bit depressing right now, but this is part of investing.

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<v Speaker 1>You got to go through these consolidation zones, this rollercoaster ride,

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<v Speaker 1>and this is where you've got to check your emotions

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<v Speaker 1>and be patient, you know. Warren Buffett has the quote

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<v Speaker 1>saying the stock market is a transfer of wealth from

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<v Speaker 1>the impatient to the patient. So when in doubt, zoom

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<v Speaker 1>out have a macro view of the markets. Guys. Quick

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<v Speaker 1>building Web three applications with many big brands and enterprises.

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<v Speaker 1>I've been an investor in the vet token, which is

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<v Speaker 1>a native token of the blockchain, for years. I'm very

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<v Speaker 1>bullish on this project and some of the key features

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<v Speaker 1>of the blockchain includes it's secure, affordable, scalable, fast, and sustainable.

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<v Speaker 1>Some of the brands they work would include PwC and

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<v Speaker 1>that's a top four accounting firm, Sam's Club, Walmart, China, BMW.

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<v Speaker 1>They're also working with Boston Consulting Group. So this project

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<v Speaker 1>is doing some amazing things. Guys. So if you'd like

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<v Speaker 1>dot org. Link will be in the description. Now, folks,

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<v Speaker 1>check this news out. Fireblocks executive says Elon Musk. X

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<v Speaker 1>Money expected to be crypto ready by the end of

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<v Speaker 1>this year. I think we all notice is coming. Elon

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<v Speaker 1>Musk absolutely understands blocking technology payments. The man you know,

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<v Speaker 1>helped found PayPal, and he understands crypto Tesla holds bigcoin

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<v Speaker 1>in his balance sheet. Elon personally holds dochecoin, Bitcoin in

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<v Speaker 1>e theorem, and he's hinted at different things and talked

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<v Speaker 1>about crypto in different ways. So his vision for exes

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<v Speaker 1>to make it a payments app, and eventually he wants

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<v Speaker 1>it to be the What's App of the United States, right,

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<v Speaker 1>So he's going to integrate different crypto payments. We have

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<v Speaker 1>to get the details on c but you know, Fireblocks

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<v Speaker 1>SVP of Payments, Ran Goldie told The block that from

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<v Speaker 1>what he's hearing, x money is expected to be crypto

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<v Speaker 1>ready by the end of twenty twenty five, although there

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<v Speaker 1>was no mention of crypto. Last month, Elon musk x

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<v Speaker 1>money partner with Visa to enable transfers between digital wallets

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<v Speaker 1>and bank accounts in addition to peer to peer payments.

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<v Speaker 1>Now many of you know, Visa integrated stable coin payments

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<v Speaker 1>and they're testing a whole bunch of stuff with blockchain,

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<v Speaker 1>so very very interesting. So this is just a matter

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<v Speaker 1>of when not if it's coming. Guys. You know, Elon

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<v Speaker 1>is up to something here and he's going to try

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<v Speaker 1>to make this platform x which is formerly Twitter, into

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<v Speaker 1>this all in one app for finance, social media and

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<v Speaker 1>all that jazz. So very very bullish. Now Framework Ventures

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<v Speaker 1>leads twenty million dollars Series A for stable coin firm Plasma.

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<v Speaker 1>So the investments, the mergers, the acquisitions continue, guys, healthy

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<v Speaker 1>signs of a bull market and a growing industry and

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<v Speaker 1>asset class. Lasthma is building out a blockchain that's specifically

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<v Speaker 1>built for tethers USD pegged stable coin USDT to enable

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<v Speaker 1>more efficient transactions. The firm plans to use its funding

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<v Speaker 1>to continue developing the Plasma blockchain, which is an EVM

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<v Speaker 1>compatible Bitcoin side chain to facilitate USDT transfers with no fees.

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<v Speaker 1>Very interesting. So you're seeing a lot of innovation, a

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<v Speaker 1>lot of ideas. I've been telling you guys for a while.

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<v Speaker 1>You have an idea, you want to build something. You're

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<v Speaker 1>an entrepreneur. Now's the time to go pitch it to

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<v Speaker 1>many of these hedge funds and firms. You will get money,

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<v Speaker 1>You get capital as long as your idea is good,

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<v Speaker 1>of course, but you know you can even get something

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<v Speaker 1>at like five million or ten million to start off.

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<v Speaker 1>With their companies getting huge funding rounds. I'm talking sixty

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<v Speaker 1>seventy million dollars in higher so an exciting time. You know,

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<v Speaker 1>it's amazing to watch this unfold. We saw it in

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<v Speaker 1>Web two point zero and Web one point zero, so

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<v Speaker 1>it's happening here in Web three Crypto dot Com, which

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<v Speaker 1>is of course aypto app slash exchange. They have received

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<v Speaker 1>regulatory approval to provide crypto services to all European Economic

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<v Speaker 1>Areas or the Member States European Economic Area Member States,

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<v Speaker 1>So the expansion continues, folks. Final news item here, This

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<v Speaker 1>one is interesting. Memestock favorite game Stop considers investing in

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<v Speaker 1>bitcoin and other crypto. Essentially, they're looking to put it

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<v Speaker 1>on their balance sheet right, kind of using a micro

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<v Speaker 1>strategy model. And now I don't think they're going to

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<v Speaker 1>raise debt, but this is fascinating. I think we're going

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<v Speaker 1>to see more and more companies do this. Guys. GameStop

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<v Speaker 1>has this massive following obviously with the stock and everything

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<v Speaker 1>that took place back in twenty twenty and twenty twenty one.

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<v Speaker 1>But let's see if they actually go through with it. It

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<v Speaker 1>looks like they're exploring. They said here, game Stop is

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<v Speaker 1>exploring investments in alternative asset classes, including crypto and in

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<v Speaker 1>particular bitcoin. Three sources told the business news outlets. So

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<v Speaker 1>if they put some bitcoin in their balance sheet to

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<v Speaker 1>retain the purchasing power of the actually have I think

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<v Speaker 1>it makes sense, right, diversified because the basement inflation is

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<v Speaker 1>going to continue. This is the fiance money system and

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<v Speaker 1>that we live in, and this is why we diversify

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<v Speaker 1>into assets. Now. I've often stated, yes, you can invest

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<v Speaker 1>in real estate, the stock market and precious metals. Gold

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<v Speaker 1>is ripping right, But nothing moves like crypto. As billionaire

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<v Speaker 1>Paul Tudor Jones said, it's the fastest horse in the race.

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<v Speaker 1>Nothing gives you a return like this. So, guys, that's

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<v Speaker 1>the news. As mentioned earlier, be patient. Patience is a

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<v Speaker 1>big part of investing. Control your emotions. I've often stated

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<v Speaker 1>when the market's down like this, I don't look at

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<v Speaker 1>my portfolio. Guys, I've not looked at my portfolio like

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<v Speaker 1>a week because I know the psychological impact. I know

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<v Speaker 1>my funds are safe. Yes, you can usually, like you know,

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<v Speaker 1>check in and make sure everything's okay. But I don't

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<v Speaker 1>sit there scrolling, Oh this coint is down. Oh man,

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<v Speaker 1>this is right. There's no point as long as I'm

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<v Speaker 1>basing my thesis is based on data, not emotions. That

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<v Speaker 1>we are still in a bull market based on the data,

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<v Speaker 1>the unchain data, the signals and the carriers and so forth.

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<v Speaker 1>Then I don't have to worry, and I have a

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<v Speaker 1>cash out plan so I know what to do next

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<v Speaker 1>once the market starts pumping. So you got to be prepared.

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<v Speaker 1>You got to mentally prepare yourself if you want to

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<v Speaker 1>make good money in this market. Guys, you've got to

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<v Speaker 1>make the investments. Skip the Netflix show, right, Sometimes you

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<v Speaker 1>got to skip going out and just sit down, write

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<v Speaker 1>out your plan, study the charge, study all these things.

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<v Speaker 1>That's why I created a crypto course to help people

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<v Speaker 1>learn as much as possible by crypto. It's at mycryptocurse

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<v Speaker 1>dot com. It's a comprehensive course that covers every aspect

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<v Speaker 1>of crypto. It includes expert commentary from CEOs, founders, institutional investors,

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<v Speaker 1>and much more. It includes videos, downloadable materials, text write ups,

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<v Speaker 1>one time fee for lifetime access. Go at your own

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<v Speaker 1>pace and expand your crypto knowledge, guys, because knowledge is power.

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<v Speaker 1>And I went on this journey of learning and it

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<v Speaker 1>helped me to make significant returns and this bull market cycle,

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<v Speaker 1>I'm going to be pretty happy with my profits. I'm

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<v Speaker 1>already happy with where my portfolio is because it's up

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<v Speaker 1>from the bear market, but I know there's another leg

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<v Speaker 1>up here and I'll be taking profits. And I told

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<v Speaker 1>you guys, some of that money pay off debt, some

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<v Speaker 1>of it goes into retirement, some of it I'm going

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<v Speaker 1>to use to help family, and then some of it

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<v Speaker 1>I'm going to reinvest in the bloody bear market because

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<v Speaker 1>I'm going to ride the wave again to the twenty

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<v Speaker 1>twenty eight bullmarket. Guys, hope you see how I'm approaching

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<v Speaker 1>this and how I'm thinking about this macro view, gaining

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<v Speaker 1>as much knowledge as possible and having a plan, a strategy.

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<v Speaker 1>That's how you got to approach it, folks. Guys. Another

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<v Speaker 1>great way you can support me sign up for my

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<v Speaker 1>free email, Loser. It's one hundred percent free. It's on substack. Also,

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<v Speaker 1>grab a copy of my book, Rethinking Crypto. It's available

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<v Speaker 1>on Amazon and paperback in digital. Thank you guys for

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<v Speaker 1>watching and listening. I appreciate you all, and I'll talk

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<v Speaker 1>to you all later.