WEBVTT

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<v Speaker 1>Bitcoin is on the move. It had its highest weekly

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<v Speaker 1>close ever and will this rally continue this week? With

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<v Speaker 1>bitcoin and all coins moving upwards. I'll share the charts

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<v Speaker 1>with you and you won't believe what happened to the

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<v Speaker 1>guy who hacked the sec Twitter profile to announce the

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<v Speaker 1>Bitcoin ETF announcement. I'll give you the details. Let's get

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<v Speaker 1>into it. Hey, folks, welcome into the Thinking Crypto podcast,

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

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<v Speaker 1>Tony Edward. On your way in, please let that subscribe

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<v Speaker 1>button as well as the thumbs up button and leave

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<v Speaker 1>a comment below. Folks, I'm sure many of you saw

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<v Speaker 1>Bitcoin was on a move today. It pumped to one

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<v Speaker 1>hundred and seven thousand dollars. It is knocking at the

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<v Speaker 1>door of the all time high of around one hundred

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<v Speaker 1>and ten thousand dollars, and once it breaks through that,

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<v Speaker 1>it will enter price discovery. So we're almost there, and

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<v Speaker 1>it's moving in phases, as you can see, slowly but surely,

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<v Speaker 1>and we're waiting for one hundred and ten thousand dollars

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<v Speaker 1>to be broken again and then that should take us,

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<v Speaker 1>I think, to one hundred and twenty thousand dollars possibly higher,

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<v Speaker 1>so we have to be patient and let the rally continue.

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<v Speaker 1>But what's interesting is that Bitcoin just closed the highest

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<v Speaker 1>weekly candle ever. That's significant. And look at this Bitcoin dominance,

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<v Speaker 1>which we were tracking, has done a reversal, so it

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<v Speaker 1>looks like Bitcoin is stealing the show again so that

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<v Speaker 1>it can continue its move and eventually the all coins

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<v Speaker 1>will follow. So while we thought the Bitcoin dominance was

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<v Speaker 1>going to break down even further, it's recovering a bit.

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<v Speaker 1>And this makes sense because the market follows Bitcoin. Bitcoin

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<v Speaker 1>usually leads this show and then the liquidity rotates down

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<v Speaker 1>to the all coins. Now USDT dominance is kind of

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<v Speaker 1>holding steady. It was breaking down similar to the Bitcoin

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<v Speaker 1>dominance over the past few weeks, but right now it's consolidating.

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<v Speaker 1>I expected to continue to break down because this liquidity

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<v Speaker 1>goes the Bitcoin than the all coins. So this is

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<v Speaker 1>further confirmation that a rally will be continuing, given to

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<v Speaker 1>technicals and where the USDT dominance is right at the moment,

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<v Speaker 1>and some folks are calling this possibly the final rally,

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<v Speaker 1>but we don't know yet. This is something I've mentioned

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<v Speaker 1>to you folks that Q two could bring the blow

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<v Speaker 1>off top and Obviously our timeline got pushed back due

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<v Speaker 1>to the tariff situation, where it's usually selling may go away. Well,

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<v Speaker 1>it's probably gonna be like selling June or sell in July.

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<v Speaker 1>Obviously we need to watch this closely. But here crypto

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<v Speaker 1>Wizard shared a chart showing the calm before the storm,

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<v Speaker 1>saying the final rally has begun. Bitcoin has rocketed upside

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<v Speaker 1>and it's trading over nine percent higher. The journey is underway,

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<v Speaker 1>yet some people will still doubt it, so let's see

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<v Speaker 1>if he's right. I will definitely be taking profits in

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<v Speaker 1>this rally folks, for Bitcoin and different all coins. And

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<v Speaker 1>then you know, at that point, I'll take a look

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<v Speaker 1>at the charts and the different on chain metrics to

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<v Speaker 1>see where we're at and if there's still room for

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<v Speaker 1>us to go up, because the final rally may come

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<v Speaker 1>in late Q three or Q four, so we'll have

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<v Speaker 1>to be patient and watch the charts closely. But if

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<v Speaker 1>you look at Bitcoin on the weekly chart, it continues

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<v Speaker 1>to look incredible bullish. We got the weekly RSI which

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<v Speaker 1>has broken out and it's not in the overbought zone yet.

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<v Speaker 1>The MACD has flipped green, showing the bulls have momentum.

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<v Speaker 1>This is something we saw in all the previous rallies

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<v Speaker 1>in this bull market, so the confirmation is there. And

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<v Speaker 1>from the macro, we are seeing global liquidity continues to rise,

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<v Speaker 1>so risk assets like the stock market, bitcoin and crypto

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<v Speaker 1>they all follow this. So the SMP five hundred, the NASDAC,

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<v Speaker 1>the Dow Jones Industrial are all seeing V shaped recoveries

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<v Speaker 1>here and specifically, the SMP five hundred and the NASDAC

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<v Speaker 1>are both above the two hundred day moving average back

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<v Speaker 1>in bull market territory, so all good signs. The factors

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<v Speaker 1>are there for this rally to continue, and all of

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<v Speaker 1>Ausden you have to expect volatility and be patient as

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<v Speaker 1>we keep heading higher. So we could see bitcoin continuous

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<v Speaker 1>rally this week and it may steal the show, maybe

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<v Speaker 1>for the week or even a few days, and then

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<v Speaker 1>cool off and then liquidity hits the all coins and

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<v Speaker 1>they start moving again as well. It's the same cyclical

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<v Speaker 1>pattern we've seen over and over. So this is where

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<v Speaker 1>you have to pay attention to the charge, pay attention

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<v Speaker 1>to the on chain data and much more. And I

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<v Speaker 1>will keep you guys updated in my newsletter. On the podcast,

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<v Speaker 1>I'll be doing a livestream tomorrow, so just stay tuned

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<v Speaker 1>for all that information. Now, folks, moving ahead, look at

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<v Speaker 1>this Alabama man sentence for hacking the SEC's social media

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<v Speaker 1>to post fake bitcoin ETF news. Remember when this happened

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<v Speaker 1>in early twenty twenty four before the ETFs were approved

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<v Speaker 1>by the secs under Gary Gansler's tenure. Well, they found

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<v Speaker 1>the guy. He's a twenty six year old man from

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<v Speaker 1>Alabama and he's being sentenced to fourteen months in prison.

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<v Speaker 1>And it was a shit show. I mean, it was

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<v Speaker 1>a mess right that the SEC could not even protect

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<v Speaker 1>their own phones and their connection to their social profiles,

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<v Speaker 1>not having the proper layers. But look, this guy did

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<v Speaker 1>the crime. He's got to pay the time. So that's

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<v Speaker 1>what's going to happen. But it's int that this is

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<v Speaker 1>now coming to some sort of conclusion. I'm sure the

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<v Speaker 1>SEC under Hester Purse, Markuwata and Paul Atkins are going

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<v Speaker 1>to do better versus Gary Genzer, who you know, he

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<v Speaker 1>was a scumbag regulator. Okay, folks, quickly from our sponsor

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<v Speaker 1>from different brands and companies who are building web three

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<v Speaker 1>and sustainability projects. I'm a VET token holder, I have

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<v Speaker 1>been since twenty eighteen. I'm very bullish on this project.

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<v Speaker 1>Some of the great features of the v chain blockchain

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

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<v Speaker 1>the brands of v Chain's working with includes Jivon, Chi, Walmart, China, BMW, PwC,

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<v Speaker 1>and they are also partnered with Boston Consulting Group and

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<v Speaker 1>the UFC doing some great things with Dana White and

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<v Speaker 1>much more so. If you'd like to learn more about

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<v Speaker 1>v chain, go to vchain dot org. Folks, I missed

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<v Speaker 1>this news from earlier this week, and it's a significant

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<v Speaker 1>one trillion dollar asset manager UBS reveals wealthy investors in

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<v Speaker 1>increasing crypto allocations to five percent. So the major institutions

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<v Speaker 1>are recognizing the demand that's out there because it's not

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<v Speaker 1>just some retail it's some institutional wealthy investors. That's why

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<v Speaker 1>there's a race between all of these Wall Street firms

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<v Speaker 1>and banks and stock exchanges globally to build crypto services,

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<v Speaker 1>and UBS is highlighting here that this is no joke.

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<v Speaker 1>These people are getting involved. They want to trade the assets,

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<v Speaker 1>They want custody and they want financial products for it.

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<v Speaker 1>So really significant news here. It's a sign of the times, folks,

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<v Speaker 1>a paradigm shift that's taking place. We are seeing adoption

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<v Speaker 1>like we've never seen before. And I got into market

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<v Speaker 1>in twenty sixteen, so to see black Rock, Fidelity and

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<v Speaker 1>all these big players launching their own crypto services is

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<v Speaker 1>pretty incredible. And guess what this will increase once the

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<v Speaker 1>United States passes crypto legislation. Once the clarity is there,

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<v Speaker 1>you're going to see the floodgates open because there are

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<v Speaker 1>still a lot of people sitting on a sideline taking

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<v Speaker 1>We're not going to touch that. You know, we have

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<v Speaker 1>our risk management. We want to be risk averse because

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<v Speaker 1>if it doesn't have clarity, we run the risk of

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<v Speaker 1>getting lawsuits and all kinds of other stuff. Right, But

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<v Speaker 1>once the clarity is there from Congress and that becomes

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<v Speaker 1>signed into law by President Trump, all these firms can

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<v Speaker 1>go all in. And I'm not saying they're going to

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<v Speaker 1>put all their money in, but they're going to start

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<v Speaker 1>allocating a good amount. And just imagine, you know, all

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<v Speaker 1>these firms adding five to ten percent of their aum

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<v Speaker 1>to crypto assets. It's coming, so just be prepared. It's

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<v Speaker 1>why I've been saying I'm prepared for future bull markets

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<v Speaker 1>as well, because we're still very early. When the legislation

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<v Speaker 1>gets passed, you can imagine they're going to have their

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<v Speaker 1>board meetings, they're going to put together their strategies, and

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<v Speaker 1>it's not going to be an immediate thing. Oh they

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<v Speaker 1>just passed yesterday, that means we go by today. That's

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<v Speaker 1>not how these companies work, right. There may be a

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<v Speaker 1>lead time of three months that's needed, and that could

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<v Speaker 1>even just be putting together the strategy, figuring out the

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<v Speaker 1>safeguards to custody of much more. The actual buying may

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<v Speaker 1>start in a bear market. So just things that think about, Right,

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<v Speaker 1>they're pretty logical, and you're going to see over time

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<v Speaker 1>game theory play out. One player goes, the other follows,

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<v Speaker 1>and no one wants to get left behind. And UBS

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<v Speaker 1>they've been involved in different things like tokenization. They have

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<v Speaker 1>a page on their website called UBS Tokenies your Gateway

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<v Speaker 1>to decentralize the financial markets. I couldn't imagine seeing something

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<v Speaker 1>like this years ago. It's so fascinating. So all of

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<v Speaker 1>these folks, they want to launch financial products around crypto

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<v Speaker 1>assets and also do a lot of tokenization and much more. Now,

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<v Speaker 1>look at this Salana ticketing platform. XP raises six point

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<v Speaker 1>two million dollars. So XP, a ticketing resale exchange built

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<v Speaker 1>with Salana rails, has raised six point two million dollars

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<v Speaker 1>in a seed round led by block Change. The platform

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<v Speaker 1>tells light Speed exclusively. L One D and Reflexive also

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<v Speaker 1>participated in around. XP uses Salana rails for dis counter

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<v Speaker 1>ticket sales, but hints at grander ambitions surrounding fan experience

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<v Speaker 1>down the road. So, folks, we're seeing a lot of

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<v Speaker 1>the traditional industries are now going on blockchain, and even

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<v Speaker 1>new startups are going on blockchain, and they're going to

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<v Speaker 1>look to disrupt the incumbents. It happened in the finance

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<v Speaker 1>industry of course, investment payments, it's going to happen in

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<v Speaker 1>ticketing and media and marketing industry, a whole bunch of

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<v Speaker 1>other industries are going to get disrupted. Real estate, of course.

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<v Speaker 1>So it's fascinating to watch this play out. And you

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<v Speaker 1>got to look at the rails they're they're using Solana.

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<v Speaker 1>I hold Salon in my portfolio because I see the

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<v Speaker 1>adoption there, and I hold other coins as well. But

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<v Speaker 1>they're going to target Ticketmaster and seat geek and so forth.

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<v Speaker 1>So XP is one of a number of upstart ticketing

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<v Speaker 1>exchanges seeking to disrupt the popular but widely dislike incumbents

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<v Speaker 1>such as Ticketmaster and seat geek. These ticketing titans caught

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<v Speaker 1>the ire of the Biden administration, which just had a

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<v Speaker 1>rule banning hidden so called junk fees for ticketing platforms

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<v Speaker 1>to go into effect Monday. XP lists all in prices

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<v Speaker 1>by default. It listed prices for tickets to the upcoming

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<v Speaker 1>New York Mets games roughly track with prices on tickpic,

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<v Speaker 1>another popular resale ticketing app. So this is stuff you

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<v Speaker 1>want to see. This is where we're headed. Blockchain being

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<v Speaker 1>integrated into different industries, causing that disruption, and for the

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<v Speaker 1>first time in history, you can take a bet by

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<v Speaker 1>holding the native token of these blockchains that are getting

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<v Speaker 1>the adoption. So really great stuff here. So, folks, that's

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<v Speaker 1>the news. Let me know what you think. Leave your

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<v Speaker 1>thoughts and comments below. Hit the thumbs up button to

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<v Speaker 1>support me in the podcast. Folks, be sure to subscribe

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<v Speaker 1>to my free email newsletter. It's one hundred percent free.

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<v Speaker 1>Link will being a description. Check out my book on Amazon.

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<v Speaker 1>It's available in paperback, in digital, and my new course

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<v Speaker 1>at mycryptocurse dot com. This is a comprehensive course that

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<v Speaker 1>teaches you every aspect of crypto. Check it out, folks.

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<v Speaker 1>Thank you for watching and listening. I appreciate you all,

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