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<v Speaker 1>Hey, everyone, Welcome into the Thinking Crypto Podcasts. You're home

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

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<v Speaker 1>On your way in. Please hit that subscribe button as

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<v Speaker 1>well as a thumbsup button and leave a comment below.

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

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<v Speaker 1>or Apple, please be sure to follow and leave a

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<v Speaker 1>five star rating. Okay, folks, we got to talk about

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<v Speaker 1>bitcoin because it is only a few hundred dollars away

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<v Speaker 1>from eighty thousand. At the time of recording, it's at

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<v Speaker 1>seventy nine thousand, six hundred and fifty dollars. Earlier it

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<v Speaker 1>went over to seventy nine hundred bucks. So what I've

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<v Speaker 1>been seeing over the weekend is that bulls and bears

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<v Speaker 1>have been battling from momentum. Because if you look at

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<v Speaker 1>the chart, and we actually touched on this on Friday's podcast,

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<v Speaker 1>that is the mac D on the daily chart flip

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<v Speaker 1>bearsh Now it's at the cusp of flipping bullish. So

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<v Speaker 1>it's really wild that this would be an epic fake

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<v Speaker 1>out here for the bears if it flips back to bullish.

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<v Speaker 1>And look right now, there's a small slither of a

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<v Speaker 1>green candle forming on that macde and the lines are

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<v Speaker 1>crossing here. So it's so fascinating. You know, Bitcoin's been

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<v Speaker 1>in this rising channel. What we've been talking about for

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<v Speaker 1>over two months guys, you know in my newsletter on

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<v Speaker 1>the podcast, is that we are any relief rally with

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<v Speaker 1>the potential to hit eighty thousand or above go to

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<v Speaker 1>eighty five. Some analysts are saying we can go higher

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<v Speaker 1>to near ninety thousand, but you know, the formation of

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<v Speaker 1>this rising channel here for bitcoin is also forming a

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<v Speaker 1>bear flag. But the one positive sign we saw is

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<v Speaker 1>that bitcoin broke through the down trend trend line here

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<v Speaker 1>right touching the ultimate top in October to the local

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<v Speaker 1>top in January. It broke through that. So that's a

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<v Speaker 1>positive sign. But of course, there are no guarantees. I

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<v Speaker 1>always tell you guys, we're talking probabilities here, and markets

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<v Speaker 1>can certainly fake us out. But that's a positive sign.

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<v Speaker 1>And Bitcoin almost at the cusp of hitting eighty thousand

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<v Speaker 1>dollars what looks like tonight. You know, that gives a

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<v Speaker 1>strong indication it could go a bit higher, possibly going

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<v Speaker 1>to eighty four eighty five. Again some analysts calling for higher,

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<v Speaker 1>but I think with the CME gap being between eighty

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<v Speaker 1>two to eighty four. You know, we could go touch

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<v Speaker 1>those prices for sure and fill the gap and then

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<v Speaker 1>roll over. Now, as I've been saying, I think this

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<v Speaker 1>is just a relief rally. I don't think this is

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<v Speaker 1>a move to new all time high. You look at

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<v Speaker 1>the RSI and the daily chart, it is approaching the

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<v Speaker 1>overbought zone. It is not there yet, but it's nearing it.

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<v Speaker 1>So you know, could Bitcoin rally to eighty two ish,

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<v Speaker 1>eighty three, eighty four and then hit the overbought zone

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<v Speaker 1>then rollover? Yeah, it's possible. And of course on the downside,

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<v Speaker 1>you know, could it just go back and test the

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<v Speaker 1>lows of February where we hit fifty eight K that's

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<v Speaker 1>possible or go lower? Right that, we can't rule that out,

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<v Speaker 1>especially if you believe in the Fourier cycles, which are

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<v Speaker 1>still playing. They haven't been invalidated, so we're gonna have

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<v Speaker 1>to wait and see it again. It's all probabilities. You're

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<v Speaker 1>gonna see in the common section people who are bearish

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<v Speaker 1>and're gonna say you're an idiot. Bitcoin is not going

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<v Speaker 1>to eighty four. Then you're gonna see people in the

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<v Speaker 1>bullish side you're gonna say, biccin's not gonna roll over

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<v Speaker 1>to fifty acre fifty You're an idiot, right. So people

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<v Speaker 1>have their bias and they get emotional, right, But we

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<v Speaker 1>want to look at all scenarios and look at which

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<v Speaker 1>one has the higher probability of playing out, Because it's

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<v Speaker 1>all probabilities. We don't have a crystal ball. But at

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<v Speaker 1>least we're seeing some good price action here, and the

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<v Speaker 1>higher Bitcoin goes that's very good for all. I think

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<v Speaker 1>we have a mini rally with all coins as well.

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<v Speaker 1>So let's hope the bullish scenario plays out of going

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<v Speaker 1>as high as possible around ninety k before some sort

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<v Speaker 1>of pullback. But if it does go to that level,

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<v Speaker 1>you know, I honestly think that means the bottom has

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<v Speaker 1>been put in because if Bitcoin does correct from that,

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<v Speaker 1>I don't think it's going on a fifty k honestly,

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<v Speaker 1>but if it corrects them here, there's certainly potential for

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<v Speaker 1>it to go to the fifty k's range. But again,

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<v Speaker 1>ultimately we'll have to wait and see. I am bullish

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<v Speaker 1>long term, so regardless of what happens in the short

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<v Speaker 1>and near term, long term, I am super bullish. I

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<v Speaker 1>believe we're gonna hit new all time highs potentially later

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<v Speaker 1>this year, if not into twenty twenty seven. So let's

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<v Speaker 1>see how it all plays out. But this is good.

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<v Speaker 1>And you know, here's one analyst who highlighted the same

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<v Speaker 1>trend line again from the peak to the local top

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<v Speaker 1>in January to bigcoin breaking through. That that's a very

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<v Speaker 1>good sign. And you know, some analysts are saying, hey,

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<v Speaker 1>maybe we top out at around eighty four k, but

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<v Speaker 1>then it could build a bullish momentum where people think,

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<v Speaker 1>oh that's it, beer market's over, and then we rally,

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<v Speaker 1>you know, more people come in and it rallies up

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<v Speaker 1>to ninety k or higher. So we'll have to wait

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<v Speaker 1>and see how this all plays out. One of the

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<v Speaker 1>things I've been telling you guys to pay attention to

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<v Speaker 1>is the stock market. Both the S and P five

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<v Speaker 1>hundred and the NASTAC are in the over bought zone.

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<v Speaker 1>The RS side and the MACD. While it looks like

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<v Speaker 1>bulls are losing momentum, they're still in control part of

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<v Speaker 1>mac D. So if the stock market keeps holding up,

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<v Speaker 1>that's very good for bitcoin and the crypto market. So

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<v Speaker 1>we shall see. Look, the stock market is less volatile

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<v Speaker 1>and it can stay the overbod zone for a long time.

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<v Speaker 1>We've seen that if you go look at the historical charts,

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<v Speaker 1>it just chops sometimes right at that overbod zones, almost

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<v Speaker 1>like it doesn't care about it, right because there's so

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<v Speaker 1>much liquidity, there's so much volume, it's hard to bring

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<v Speaker 1>it down, so to speak. It takes kind of big

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<v Speaker 1>events like wars or terrorists and things that get to

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<v Speaker 1>really make it correct significantly. But you can see that

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<v Speaker 1>perfect V shape recovery happening in the S and P

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<v Speaker 1>five hundred as well as the NASDAC. So this is interesting.

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<v Speaker 1>Let's see, this week could be very big for bitcoin again,

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<v Speaker 1>blasting through eighty K and then all coins follows. So tonight,

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<v Speaker 1>honestly you could break eighty K tonight and then maybe

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<v Speaker 1>goes up to eighty five k, then rolls over. We

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<v Speaker 1>shall see. But I'll be taking a little bit of

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<v Speaker 1>profits here and there are nothing major and they're not

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<v Speaker 1>buying back if we go lower. But regardless, I'm a

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<v Speaker 1>long long term bull. I am looking for higher prices.

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<v Speaker 1>Of course. Okay, we got some big news. Taiwanis legislator

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<v Speaker 1>formally submits bitcoin reserves proposal calling for a portion of

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<v Speaker 1>Taiwan's six hundred and two billion dollars in foreign exchange

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<v Speaker 1>reserves to be allocated to bitcoin as a strategic asset. Now,

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<v Speaker 1>we just heard last week at the Bitcoin Conference from

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<v Speaker 1>Patrick Wit, the White House crypto advisor, that we're going

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<v Speaker 1>to get an announcement from the Trumpe administration in the

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<v Speaker 1>coming weeks around bitcoin or the bitcoin reserve. So I

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<v Speaker 1>don't know what that update is. Maybe they found a

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<v Speaker 1>revenue neutral way to buy bitcoin in addition to pulling

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<v Speaker 1>the bitcoin they have seized over the years some different

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<v Speaker 1>government agencies. So let's see. But nevertheless, the moment that

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<v Speaker 1>the United States decided to do this, it kicked off

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<v Speaker 1>a game theory play out here among these countries, and

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<v Speaker 1>you're seeing more and more countries looking to establish a

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<v Speaker 1>bitcoin reserve. As always, it starts a bitcoin, they're going

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<v Speaker 1>to add other crypto assets. So let's see how this

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<v Speaker 1>plays out. But this is very bullish. Now Blackrocks European

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<v Speaker 1>Bitcoin ETP crosses one point one billion dollars in assets

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<v Speaker 1>under management with fourteen two hundred bitcoin accumulated. Many of

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<v Speaker 1>you know Blackrock has the largest bigcoin ETF here in

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<v Speaker 1>the United States and I think even the whole world.

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<v Speaker 1>And it was the fastest growing ETF in the history

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<v Speaker 1>of ets, which is insane. Now they're trying to grow

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<v Speaker 1>their European ETF. Now they call it ETP, but it's

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<v Speaker 1>the same thing. So if Blackrock is buying and they're

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<v Speaker 1>pushing this all around the world, I'm bullish, guys, I

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<v Speaker 1>am bullish, and I think as we come out of

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<v Speaker 1>this bear market, we're going to see a lot more

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<v Speaker 1>capital come into the markets. And in today's ETFs and

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<v Speaker 1>what crypto legislation being passed, I've been saying, it kicks

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<v Speaker 1>off the super cycle, and this is where you've got

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<v Speaker 1>to have the long term view and make sure you

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<v Speaker 1>are patient and much more. Here's some more Blackrock news.

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<v Speaker 1>Blackrock urges OCC to drop tokenized reserve cap IDEA expand

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<v Speaker 1>eligible assets in Genius Act comment letter. So Blackrock, we

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<v Speaker 1>know they are all in on tokenization and crypto. Larry Fink,

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<v Speaker 1>he's been a huge advocate, going out there promoting it

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<v Speaker 1>and much more so. Blackrock filed a comment letter Friday

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<v Speaker 1>urging the OCC to scale back several proposed reserve asset

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<v Speaker 1>restrictions in its draft rules implementing the Genius Act. The

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<v Speaker 1>world's largest asset manager oppose a potential twenty percent cap

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<v Speaker 1>on tokenized reserve assets, a constraint that would limit products

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<v Speaker 1>like Biddle Fund, which is BlackRock's money market fund tokenized

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<v Speaker 1>money market fund, which backs more than ninety percent of

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<v Speaker 1>Athena's USDTB, and Jupiter's jup USD. Blackrock also asked the

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<v Speaker 1>agency to confirm that Treasury ETFs qualify as reserves and

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<v Speaker 1>to add two year Treasury floating rate notes to the

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<v Speaker 1>eligible asset list. Now, if Blackrock wants it, most likely

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<v Speaker 1>you're going to get it, guys, because they've got the

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<v Speaker 1>power of the influence. If you know who Blackrock is,

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<v Speaker 1>the world's wealthiest acid manager. How they've worked with the

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<v Speaker 1>US government, especially coming out of two thousand and eight

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<v Speaker 1>crash and even after the COVID pandemic, and much more

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<v Speaker 1>so Blackrock, you know, trying to expand as much as

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<v Speaker 1>possible and trying to get the regulators to loosen up

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<v Speaker 1>some of their restrictions. Here and speaking of tokenization, the

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<v Speaker 1>New York Stock Exchange Files rule change to enable tokenized

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<v Speaker 1>securities trading the New York Stock Exchange File. They propose

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<v Speaker 1>rule change with the SEC to allow tokenized versions of

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<v Speaker 1>eligible equities and ETFs to trade on the exchange. Under

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<v Speaker 1>DTC's three year tokenization pilot program, eligible tokenized securities must

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<v Speaker 1>share the same CUSIP ticker rights and privileges as their

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<v Speaker 1>traditional counterparts, and we'll trade on the same order book

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<v Speaker 1>with the same execution priority, while clearing and settlement remained

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<v Speaker 1>through DTC on a T plus one basis. So, guys,

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<v Speaker 1>you see the infrastructure being built here by stock exchanges,

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<v Speaker 1>the biggest institutions in the world, banks, and much more.

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<v Speaker 1>They're going all in on crypto. They're going all in

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<v Speaker 1>on tokenization and blockchain tech and much more. So. Again,

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<v Speaker 1>if these guys want it, they're going to get it.

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<v Speaker 1>They are the powerhouses, you know, the trad five powerhouses

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<v Speaker 1>that have existed for a long time, have huge influence

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<v Speaker 1>even on the agencies and Congress and much more. And

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<v Speaker 1>here's another example. Morgan Stanley's Oldenburg says bitcoin and US

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<v Speaker 1>bank balance sheet is coming, just not yet. So I

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<v Speaker 1>think once the Clarity Acts passed, we shall see it.

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<v Speaker 1>Remember Morgan Stanley, they just recently launched their bitcoin ETF.

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<v Speaker 1>So Morgan Stanley's SMBT pulled in over one hundred million

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<v Speaker 1>dollars in its first six days, entirely through self directed channels,

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<v Speaker 1>before the product was even available through at financial advisors.

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<v Speaker 1>So MSBT is their Bitcoin ETF. Despite a formal two

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<v Speaker 1>to four percent bitcoin allocation recommendation, advisor adoption remains slow,

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<v Speaker 1>pointing to a significant education gap that Morgan Stanley is

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<v Speaker 1>now working to close internally. Amy Oldenberg didn't rule out

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<v Speaker 1>Morgan Stanley eventually holding bitcoin on its balance sheet, but

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<v Speaker 1>warned that FED guidance, basil rules, and global regulations mean

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<v Speaker 1>the road is longer than many expected. So again, once

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<v Speaker 1>they have all the regulations in place, you got the FED,

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<v Speaker 1>the FDIC, the Clarity Act in place, the basal rules,

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<v Speaker 1>and all these things are in place, these guys are

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<v Speaker 1>gonna go ham. They're gonna put trillions into this asset class.

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<v Speaker 1>It's not just gonna be Bitcoin, It's going to be

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<v Speaker 1>in many different forms, stable coins, tokenization, all coins as well.

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<v Speaker 1>So this is where again I'm long term bullish because

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<v Speaker 1>there's still the buildings still happening, and the construction of

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<v Speaker 1>the infrastructure is still happening, and all the naysayers have

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<v Speaker 1>bent the Knee Right, Vanguard, Morgan Stanley, which was late.

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<v Speaker 1>They're all here, so there's no one left. There's no

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<v Speaker 1>detractors anymore. They're all here. Even if they have to

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<v Speaker 1>be dragged, kicking and screaming to get into this, they're

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<v Speaker 1>going to do it because if you get left behind,

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<v Speaker 1>you're done. Right. Think about what happened to Blockbuster fail

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<v Speaker 1>to adapt to the Internet. Netflix came along, took their lunch,

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<v Speaker 1>Blockbuster went bankrupt. Netflix now a powerhouse, right, So there's

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<v Speaker 1>many examples of that. So I think many of these

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<v Speaker 1>firms recognize, Hey, we got to get on board here. Okay, folks.

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<v Speaker 1>Quick word from our sponsor. This episode is brought to

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<v Speaker 1>you by Bitco, the trusted infrastructure behind the digital asset economy.

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<v Speaker 1>If you're serious about crypto, whether you're an investor, institution,

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<v Speaker 1>or building in this space, you already know security, compliance,

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<v Speaker 1>and execution are everything. And that's exactly what bitco delivers.

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<v Speaker 1>With over a decade of experience and fifty five hundred

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<v Speaker 1>plus institutional clients across one hundred plus countries, bitco provides

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<v Speaker 1>a full suite of services, including qualified custody, trading, staking, financing,

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<v Speaker 1>and stable coin infrastructure. All in one platform. Let's break

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<v Speaker 1>it down. Want to launch crypto services fast? Bitgo's crypto

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<v Speaker 1>as a service lets banks, FinTechs, and platforms go live

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<v Speaker 1>in as little as a couple of months without dealing

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<v Speaker 1>with complex licensing or infrastructure. If you're looking to launch

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<v Speaker 1>a stable coin, bidgo offers a complete stable coin as

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<v Speaker 1>a service platform, from reserves and smart contracts to compliance,

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<v Speaker 1>built to align with the new US regulatory framework. That

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<v Speaker 1>is the genius at want to earn rewards on your crypto?

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<v Speaker 1>Bitgo runs one of the largest institutional staking platforms, with

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<v Speaker 1>tens of billions staked across fifth the plus networks, all

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<v Speaker 1>while your assets stays securely in qualified custody. Need deep

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<v Speaker 1>liquidity and execution. Their trading platform aggregates liquidity across thirty

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<v Speaker 1>plus venues, giving you better pricing and the ability to

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<v Speaker 1>trade directly from custody. No pre funding required for approved clients.

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<v Speaker 1>And if you need capital, bitgo offers crypto backed financing

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<v Speaker 1>so you can unlock liquidity without selling your assets. So

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<v Speaker 1>here's the bottom line. Bitco is one of the first

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<v Speaker 1>federally chartered digital asset infrastructure companies offering regulated, insured custody

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<v Speaker 1>and a platform build for institutions, but accessible to for

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<v Speaker 1>thinking players across the space. So whether you're scaling a fintech,

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<v Speaker 1>managing a fund, or building the future of finance, bitco

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<v Speaker 1>gives you all the tools that you need to do

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<v Speaker 1>this securely, compliantly, and at scale. So learn more at

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<v Speaker 1>bitgo dot com and see why the biggest players in

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<v Speaker 1>crypto trust Bitgo Okay moving ahead. Mike Cagle is second act,

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<v Speaker 1>turning blockchain into Wall Street's new plumbing Figures one billion

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<v Speaker 1>dollar month capped a years long push to strip out

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<v Speaker 1>middleman from credit markets, bringing real world assets, lending, and

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<v Speaker 1>even equities on chain. So Figure topped one billion dollars

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<v Speaker 1>in monthly loan originations in March for the first time,

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<v Speaker 1>validating its tokenized credit marketplace. CEO Mike Cagley said he

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<v Speaker 1>is using blockchain to cut out into mediaries across securitization,

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<v Speaker 1>lending and stock barring new products from DeFi credit vaults,

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<v Speaker 1>to tokenize equities, aim to democratize access to yield. So

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<v Speaker 1>it's incredible that these guys are now here. A lot

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<v Speaker 1>of trat FI guys like Mike and they're building with

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<v Speaker 1>blockchain tech and they're building unique financial products right, a

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<v Speaker 1>lot of barring and lending DeFi credit and much more so.

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<v Speaker 1>I mean this is this doesn't surprise me. But you know,

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<v Speaker 1>if you don't realize what's happening, all the trat FI

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<v Speaker 1>guys are jumping on board, you're missing it. Right, this

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<v Speaker 1>is news you need to share with, you know, people

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<v Speaker 1>who are naysayers, who still don't understand what's being built here.

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<v Speaker 1>And again it's not so much about the price of

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<v Speaker 1>the assets. It's the building and the infrastructure being set

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<v Speaker 1>up for more capital to come in, more participation, more

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<v Speaker 1>adoption that will lead to higher prices eventually. So very

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<v Speaker 1>bolish here. This is a wild piece of news. AI

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<v Speaker 1>Agent forms its own company, gets ready to trade crypto.

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<v Speaker 1>What a headline, man, this is pretty crazy. Let me

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<v Speaker 1>give it to details. Clawbank and its Manfred. AI Agent

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<v Speaker 1>has autonomously formed its own corporation in the US, obtaining

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<v Speaker 1>an IRS employer Identification number and FDIC insured bank account

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<v Speaker 1>and a crypto wallet Manfred, which runs its own X

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<v Speaker 1>account under the persona Manfred. MacX is designed to trade

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<v Speaker 1>crypto and can already transact in more than thirty cryptocurrent

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<v Speaker 1>moving funds between its bank account, and digital wallet. The

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<v Speaker 1>project is being framed as an early example of AI

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<v Speaker 1>agents acting as independent economic actors, echoing predictions from the

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<v Speaker 1>crypto and AI leaders that autonomous agents will soon dominate

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<v Speaker 1>online and crypto transactions. Now, I'm a big believer in

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<v Speaker 1>AI agents that that economy is going to be huge.

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<v Speaker 1>Many of you may be able to create your own

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<v Speaker 1>AI agents to do things. I'm personally researching that and

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<v Speaker 1>looking at how I can do that, you know, both

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<v Speaker 1>for personal things as well as for the podcast, how

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<v Speaker 1>it can help you as my viewers and listeners and

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<v Speaker 1>you know, provide benefits to you guys. So these are

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<v Speaker 1>things I'm looking into. But they are going to be

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<v Speaker 1>many different AI agents created, some for trading and investing, right,

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<v Speaker 1>So it's going to be in every sector, and we've

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<v Speaker 1>talked a lot about it, guys. They're going to be

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<v Speaker 1>running on blockchain rails, they're going to use stable coins

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<v Speaker 1>and digital currency. They're not going to be using cash obviously,

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<v Speaker 1>so this will be pretty big, and many of them

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<v Speaker 1>will have their own crypto wallets. In fact, many wallet

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<v Speaker 1>creators are now, you know, setting up the infrastructure for

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<v Speaker 1>AI agents, So it's gonna be wild guys, just imagine

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<v Speaker 1>in ten years, as crypto gets legislation, AI gets legislation,

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<v Speaker 1>and you have all these things running in the economy,

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<v Speaker 1>It's going to be really wild. Not to mention, you

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<v Speaker 1>have humanoid robots, and I believe blockchain is going to

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<v Speaker 1>be used to help control humanoid robots that they don't

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<v Speaker 1>get hacked and so forth. In addition to'll have crypto wallets.

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<v Speaker 1>I've interviewed some folks who are already doing that, where

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<v Speaker 1>they built crypto wallets into robots. So it's so fascinating

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<v Speaker 1>but crazy that this AI agent formed its own company,

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<v Speaker 1>got all the licenses and it's ready to trade crypto.

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<v Speaker 1>So fascinating. Anyway, Guys, that's the news. Let me know

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

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<v Speaker 1>the thumbs up button subscribe if it happen as yet, guys,

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<v Speaker 1>support the podcast by subscribing to my free email newsletter.

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<v Speaker 1>I'll be putting out a write up tomorrow because again

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<v Speaker 1>it's an important week, so we want to look at

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00:19:01.240 --> 00:19:03.960
<v Speaker 1>different charts, so make sure you are signed up. It's free.

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<v Speaker 1>Be sure to grab a copy of my book on Amazon.

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00:19:06.559 --> 00:19:08.960
<v Speaker 1>It's available in paperback, in digital and if you want

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00:19:09.000 --> 00:19:12.000
<v Speaker 1>to expand your knowledge around crypto and blockchain tech. I

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<v Speaker 1>have a course at mycryptocurse dot com. It's a comprehensive

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<v Speaker 1>course teaches you everything you need to know. Best of all,

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<v Speaker 1>it features expert commentary. No other crypto course offers this,

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<v Speaker 1>and right now we've got a bear market discount where

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<v Speaker 1>checkout to get at fifty percent discount. So check it out, guys,

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<v Speaker 1>go to Mycrypto course dot com. Links will be in

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<v Speaker 1>the description. Folks, thank you so much for tuning in.

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

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<v Speaker 1>later