Speaker 1: Bitcoin is on the move. It had its highest weekly
Speaker 1: close ever and will this rally continue this week? With
Speaker 1: bitcoin and all coins moving upwards. I'll share the charts
Speaker 1: with you and you won't believe what happened to the
Speaker 1: guy who hacked the sec Twitter profile to announce the
Speaker 1: Bitcoin ETF announcement. I'll give you the details. Let's get
Speaker 1: into it. Hey, folks, welcome into the Thinking Crypto podcast,
Speaker 1: your home for cryptocurrency news and interviews. I'm your host,
Speaker 1: Tony Edward. On your way in, please let that subscribe
Speaker 1: button as well as the thumbs up button and leave
Speaker 1: a comment below. Folks, I'm sure many of you saw
Speaker 1: Bitcoin was on a move today. It pumped to one
Speaker 1: hundred and seven thousand dollars. It is knocking at the
Speaker 1: door of the all time high of around one hundred
Speaker 1: and ten thousand dollars, and once it breaks through that,
Speaker 1: it will enter price discovery. So we're almost there, and
Speaker 1: it's moving in phases, as you can see, slowly but surely,
Speaker 1: and we're waiting for one hundred and ten thousand dollars
Speaker 1: to be broken again and then that should take us,
Speaker 1: I think, to one hundred and twenty thousand dollars possibly higher,
Speaker 1: so we have to be patient and let the rally continue.
Speaker 1: But what's interesting is that Bitcoin just closed the highest
Speaker 1: weekly candle ever. That's significant. And look at this Bitcoin dominance,
Speaker 1: which we were tracking, has done a reversal, so it
Speaker 1: looks like Bitcoin is stealing the show again so that
Speaker 1: it can continue its move and eventually the all coins
Speaker 1: will follow. So while we thought the Bitcoin dominance was
Speaker 1: going to break down even further, it's recovering a bit.
Speaker 1: And this makes sense because the market follows Bitcoin. Bitcoin
Speaker 1: usually leads this show and then the liquidity rotates down
Speaker 1: to the all coins. Now USDT dominance is kind of
Speaker 1: holding steady. It was breaking down similar to the Bitcoin
Speaker 1: dominance over the past few weeks, but right now it's consolidating.
Speaker 1: I expected to continue to break down because this liquidity
Speaker 1: goes the Bitcoin than the all coins. So this is
Speaker 1: further confirmation that a rally will be continuing, given to
Speaker 1: technicals and where the USDT dominance is right at the moment,
Speaker 1: and some folks are calling this possibly the final rally,
Speaker 1: but we don't know yet. This is something I've mentioned
Speaker 1: to you folks that Q two could bring the blow
Speaker 1: off top and Obviously our timeline got pushed back due
Speaker 1: to the tariff situation, where it's usually selling may go away. Well,
Speaker 1: it's probably gonna be like selling June or sell in July.
Speaker 1: Obviously we need to watch this closely. But here crypto
Speaker 1: Wizard shared a chart showing the calm before the storm,
Speaker 1: saying the final rally has begun. Bitcoin has rocketed upside
Speaker 1: and it's trading over nine percent higher. The journey is underway,
Speaker 1: yet some people will still doubt it, so let's see
Speaker 1: if he's right. I will definitely be taking profits in
Speaker 1: this rally folks, for Bitcoin and different all coins. And
Speaker 1: then you know, at that point, I'll take a look
Speaker 1: at the charts and the different on chain metrics to
Speaker 1: see where we're at and if there's still room for
Speaker 1: us to go up, because the final rally may come
Speaker 1: in late Q three or Q four, so we'll have
Speaker 1: to be patient and watch the charts closely. But if
Speaker 1: you look at Bitcoin on the weekly chart, it continues
Speaker 1: to look incredible bullish. We got the weekly RSI which
Speaker 1: has broken out and it's not in the overbought zone yet.
Speaker 1: The MACD has flipped green, showing the bulls have momentum.
Speaker 1: This is something we saw in all the previous rallies
Speaker 1: in this bull market, so the confirmation is there. And
Speaker 1: from the macro, we are seeing global liquidity continues to rise,
Speaker 1: so risk assets like the stock market, bitcoin and crypto
Speaker 1: they all follow this. So the SMP five hundred, the NASDAC,
Speaker 1: the Dow Jones Industrial are all seeing V shaped recoveries
Speaker 1: here and specifically, the SMP five hundred and the NASDAC
Speaker 1: are both above the two hundred day moving average back
Speaker 1: in bull market territory, so all good signs. The factors
Speaker 1: are there for this rally to continue, and all of
Speaker 1: Ausden you have to expect volatility and be patient as
Speaker 1: we keep heading higher. So we could see bitcoin continuous
Speaker 1: rally this week and it may steal the show, maybe
Speaker 1: for the week or even a few days, and then
Speaker 1: cool off and then liquidity hits the all coins and
Speaker 1: they start moving again as well. It's the same cyclical
Speaker 1: pattern we've seen over and over. So this is where
Speaker 1: you have to pay attention to the charge, pay attention
Speaker 1: to the on chain data and much more. And I
Speaker 1: will keep you guys updated in my newsletter. On the podcast,
Speaker 1: I'll be doing a livestream tomorrow, so just stay tuned
Speaker 1: for all that information. Now, folks, moving ahead, look at
Speaker 1: this Alabama man sentence for hacking the SEC's social media
Speaker 1: to post fake bitcoin ETF news. Remember when this happened
Speaker 1: in early twenty twenty four before the ETFs were approved
Speaker 1: by the secs under Gary Gansler's tenure. Well, they found
Speaker 1: the guy. He's a twenty six year old man from
Speaker 1: Alabama and he's being sentenced to fourteen months in prison.
Speaker 1: And it was a shit show. I mean, it was
Speaker 1: a mess right that the SEC could not even protect
Speaker 1: their own phones and their connection to their social profiles,
Speaker 1: not having the proper layers. But look, this guy did
Speaker 1: the crime. He's got to pay the time. So that's
Speaker 1: what's going to happen. But it's int that this is
Speaker 1: now coming to some sort of conclusion. I'm sure the
Speaker 1: SEC under Hester Purse, Markuwata and Paul Atkins are going
Speaker 1: to do better versus Gary Genzer, who you know, he
Speaker 1: was a scumbag regulator. Okay, folks, quickly from our sponsor
Speaker 1: and that is v Chain. V chain is one of
Speaker 1: the top layer one enterprise blockchains. They're getting global adoption
Speaker 1: from different brands and companies who are building web three
Speaker 1: and sustainability projects. I'm a VET token holder, I have
Speaker 1: been since twenty eighteen. I'm very bullish on this project.
Speaker 1: Some of the great features of the v chain blockchain
Speaker 1: includes it's secure, affordable, scalable, fast, and sustainable. Some of
Speaker 1: the brands of v Chain's working with includes Jivon, Chi, Walmart, China, BMW, PwC,
Speaker 1: and they are also partnered with Boston Consulting Group and
Speaker 1: the UFC doing some great things with Dana White and
Speaker 1: much more so. If you'd like to learn more about
Speaker 1: v chain, go to vchain dot org. Folks, I missed
Speaker 1: this news from earlier this week, and it's a significant
Speaker 1: one trillion dollar asset manager UBS reveals wealthy investors in
Speaker 1: increasing crypto allocations to five percent. So the major institutions
Speaker 1: are recognizing the demand that's out there because it's not
Speaker 1: just some retail it's some institutional wealthy investors. That's why
Speaker 1: there's a race between all of these Wall Street firms
Speaker 1: and banks and stock exchanges globally to build crypto services,
Speaker 1: and UBS is highlighting here that this is no joke.
Speaker 1: These people are getting involved. They want to trade the assets,
Speaker 1: They want custody and they want financial products for it.
Speaker 1: So really significant news here. It's a sign of the times, folks,
Speaker 1: a paradigm shift that's taking place. We are seeing adoption
Speaker 1: like we've never seen before. And I got into market
Speaker 1: in twenty sixteen, so to see black Rock, Fidelity and
Speaker 1: all these big players launching their own crypto services is
Speaker 1: pretty incredible. And guess what this will increase once the
Speaker 1: United States passes crypto legislation. Once the clarity is there,
Speaker 1: you're going to see the floodgates open because there are
Speaker 1: still a lot of people sitting on a sideline taking
Speaker 1: We're not going to touch that. You know, we have
Speaker 1: our risk management. We want to be risk averse because
Speaker 1: if it doesn't have clarity, we run the risk of
Speaker 1: getting lawsuits and all kinds of other stuff. Right, But
Speaker 1: once the clarity is there from Congress and that becomes
Speaker 1: signed into law by President Trump, all these firms can
Speaker 1: go all in. And I'm not saying they're going to
Speaker 1: put all their money in, but they're going to start
Speaker 1: allocating a good amount. And just imagine, you know, all
Speaker 1: these firms adding five to ten percent of their aum
Speaker 1: to crypto assets. It's coming, so just be prepared. It's
Speaker 1: why I've been saying I'm prepared for future bull markets
Speaker 1: as well, because we're still very early. When the legislation
Speaker 1: gets passed, you can imagine they're going to have their
Speaker 1: board meetings, they're going to put together their strategies, and
Speaker 1: it's not going to be an immediate thing. Oh they
Speaker 1: just passed yesterday, that means we go by today. That's
Speaker 1: not how these companies work, right. There may be a
Speaker 1: lead time of three months that's needed, and that could
Speaker 1: even just be putting together the strategy, figuring out the
Speaker 1: safeguards to custody of much more. The actual buying may
Speaker 1: start in a bear market. So just things that think about, Right,
Speaker 1: they're pretty logical, and you're going to see over time
Speaker 1: game theory play out. One player goes, the other follows,
Speaker 1: and no one wants to get left behind. And UBS
Speaker 1: they've been involved in different things like tokenization. They have
Speaker 1: a page on their website called UBS Tokenies your Gateway
Speaker 1: to decentralize the financial markets. I couldn't imagine seeing something
Speaker 1: like this years ago. It's so fascinating. So all of
Speaker 1: these folks, they want to launch financial products around crypto
Speaker 1: assets and also do a lot of tokenization and much more. Now,
Speaker 1: look at this Salana ticketing platform. XP raises six point
Speaker 1: two million dollars. So XP, a ticketing resale exchange built
Speaker 1: with Salana rails, has raised six point two million dollars
Speaker 1: in a seed round led by block Change. The platform
Speaker 1: tells light Speed exclusively. L One D and Reflexive also
Speaker 1: participated in around. XP uses Salana rails for dis counter
Speaker 1: ticket sales, but hints at grander ambitions surrounding fan experience
Speaker 1: down the road. So, folks, we're seeing a lot of
Speaker 1: the traditional industries are now going on blockchain, and even
Speaker 1: new startups are going on blockchain, and they're going to
Speaker 1: look to disrupt the incumbents. It happened in the finance
Speaker 1: industry of course, investment payments, it's going to happen in
Speaker 1: ticketing and media and marketing industry, a whole bunch of
Speaker 1: other industries are going to get disrupted. Real estate, of course.
Speaker 1: So it's fascinating to watch this play out. And you
Speaker 1: got to look at the rails they're they're using Solana.
Speaker 1: I hold Salon in my portfolio because I see the
Speaker 1: adoption there, and I hold other coins as well. But
Speaker 1: they're going to target Ticketmaster and seat geek and so forth.
Speaker 1: So XP is one of a number of upstart ticketing
Speaker 1: exchanges seeking to disrupt the popular but widely dislike incumbents
Speaker 1: such as Ticketmaster and seat geek. These ticketing titans caught
Speaker 1: the ire of the Biden administration, which just had a
Speaker 1: rule banning hidden so called junk fees for ticketing platforms
Speaker 1: to go into effect Monday. XP lists all in prices
Speaker 1: by default. It listed prices for tickets to the upcoming
Speaker 1: New York Mets games roughly track with prices on tickpic,
Speaker 1: another popular resale ticketing app. So this is stuff you
Speaker 1: want to see. This is where we're headed. Blockchain being
Speaker 1: integrated into different industries, causing that disruption, and for the
Speaker 1: first time in history, you can take a bet by
Speaker 1: holding the native token of these blockchains that are getting
Speaker 1: the adoption. So really great stuff here. So, folks, that's
Speaker 1: the news. Let me know what you think. Leave your
Speaker 1: thoughts and comments below. Hit the thumbs up button to
Speaker 1: support me in the podcast. Folks, be sure to subscribe
Speaker 1: to my free email newsletter. It's one hundred percent free.
Speaker 1: Link will being a description. Check out my book on Amazon.
Speaker 1: It's available in paperback, in digital, and my new course
Speaker 1: at mycryptocurse dot com. This is a comprehensive course that
Speaker 1: teaches you every aspect of crypto. Check it out, folks.
Speaker 1: Thank you for watching and listening. I appreciate you all,
Speaker 1: and I'll talk to you all later