WEBVTT

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<v Speaker 1>President Donald Trump has made huge picks for the CFDC

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<v Speaker 1>chairman and the head of the OCC Both candidates are

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<v Speaker 1>pro crypto. I'll give it the details there, and Franklin

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<v Speaker 1>Templeton expands your tokenized acid fund onto the Salona blockchain

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<v Speaker 1>and the cboes filing for staking in the eight theorem ETF.

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

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<v Speaker 1>welcome into the Thinking Crypto podcast, your home for cryptocurrency

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

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<v Speaker 1>way in, Please hit that subscribe button as well as

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

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<v Speaker 1>listening on a podcast platform such as Spotify or Apple,

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<v Speaker 1>please leave a five star rating and review. Folks. I

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<v Speaker 1>want to kick it off by talking about bitcoin and

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<v Speaker 1>what we may see next. Analyst Kevin Spenson shared a

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<v Speaker 1>great chart highlighting bitcoin on the weekly and specifically the RSI,

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<v Speaker 1>showing that there's going to be a breakout of the

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<v Speaker 1>downward trend for the RSI and what we've seen historically

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<v Speaker 1>in this bullmarket. When that break happens, bitcoin goes in

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<v Speaker 1>a rally. The most recent was, of course, in Q

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<v Speaker 1>four it went up one hundred percent. Now there could

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<v Speaker 1>be a further downside where the RSI goes a little

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<v Speaker 1>bit down and then it breaks through, But it could

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<v Speaker 1>break through any time in this month. And I've been

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<v Speaker 1>saying that I believe the latter half of February is

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<v Speaker 1>going to be bullish. I think the markets start to rally, so,

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<v Speaker 1>Kevin said. Weekly RSI breakouts are among the most bullish

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<v Speaker 1>and reliable signals. Sentiment is always at the lowest point

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<v Speaker 1>when they happen, and what we've been seeing is the

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<v Speaker 1>sentiment has returned to fear. People are getting fearful. Oh no,

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<v Speaker 1>this is happening to Macro. In addition, they're getting frustrated

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<v Speaker 1>and bored. This is the worst bullmarket ever. You just

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<v Speaker 1>start to see these comments and you see the frustration,

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<v Speaker 1>and because I've been here since twenty sixteen, I noticed

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<v Speaker 1>it right away. And I'm not caught up in these

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<v Speaker 1>type of things because I know the bullmark is not

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<v Speaker 1>over based on different indicators, data, signals, and much more.

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<v Speaker 1>And the charts here are aligning for the next move guys.

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<v Speaker 1>And like I said, I think the latter half of February,

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<v Speaker 1>so maybe we got a week or so or more

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<v Speaker 1>a little bit more before the bitcoin starts to bounce. Now,

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<v Speaker 1>that doesn't mean it's going to storm out the gates

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<v Speaker 1>and hit one hundred and twenty thousand dollars in a week, right,

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<v Speaker 1>It's going to be in phases as we've seen historically.

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<v Speaker 1>But if we get a breakout there and the bulls

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<v Speaker 1>get back into control, you know what happens, guys, and

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<v Speaker 1>Bitcoin leads the market and then the all coins will follow. Also,

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<v Speaker 1>speaking of macro factors, I've been telling you guys about

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<v Speaker 1>global liquidity and what the FED may be doing. Well, China,

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<v Speaker 1>look at this, they continue to inject liquidity. We just

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<v Speaker 1>got news that China Central Bank has injected one hundred

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<v Speaker 1>and twenty five point eight billion yu wan via seven

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<v Speaker 1>day reverse repos. So we know the name of the

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<v Speaker 1>game when it comes to the FIAT system is they

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<v Speaker 1>have to continue to print. They have to continue to

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<v Speaker 1>raise their debt ceiling. This is how the Fiat system works,

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<v Speaker 1>and it drives asset prices higher, crypto stocks, real estate,

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<v Speaker 1>precious metals, and so forth. I've been seeing over the

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<v Speaker 1>past couple of years that we are in a macro

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<v Speaker 1>bull market for all acid classes, but nothing moves like crypto.

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<v Speaker 1>Crypto's the fastest horse in the race, like Paul Tudter

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<v Speaker 1>Jones said, So eventually you're going to see the macro

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<v Speaker 1>align to the charts, and the charts are going to

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<v Speaker 1>turn bullish, and then we're going to continue to bull

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<v Speaker 1>run and then people will forget this painful consolidation phase.

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<v Speaker 1>And you learn from these moments. It's important to learn

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<v Speaker 1>from them because they're great teachers, and it helps build

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<v Speaker 1>your market understanding and how to train your emotions because

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<v Speaker 1>the emotional part of this is what's tough for many

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<v Speaker 1>people now. Fetcher Jerome Powell testified before Congress again today

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<v Speaker 1>and he said the Federal Reserve won't block banks from

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<v Speaker 1>serving legal crypto customers. So the language is changing big time.

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<v Speaker 1>We've been talking about the FDIC saying they're going to

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<v Speaker 1>roll back their restrictive policies, and of course the SEC

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<v Speaker 1>repeals saw one two one just about a month ago,

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<v Speaker 1>so banks can be able to participate with crypto. So

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<v Speaker 1>if the Federal Reserve is saying hey, it's okay, they

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<v Speaker 1>can do it, you know what's coming. So I expect

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<v Speaker 1>this year banks are going to adopt crypto in many

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<v Speaker 1>different ways. They're going to build financial products, They're going

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<v Speaker 1>to launch stable coins and much more so. These setup

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<v Speaker 1>for the continuation of the bull market is here, folks. Now.

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<v Speaker 1>Today Donald Trump announced two nominations, one for the CFTC

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<v Speaker 1>and the other for the OCC. For the CFTC, he

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<v Speaker 1>nominated Brian Kintents. Many of you may recall I interviewed

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<v Speaker 1>him a couple of times over the years. He was

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<v Speaker 1>a former CFDC commissioner. He currently works at a sixteen Z.

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<v Speaker 1>But he's going to be the chairman, he tweeted out,

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<v Speaker 1>it has been my great honor to be nominated by

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<v Speaker 1>President Donald Trump as the next chairman of the CFTC,

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<v Speaker 1>where I had served as a commissioner in his last administration.

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<v Speaker 1>The CFDC plays a critical role in maintaining robust hedging

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<v Speaker 1>and price discovery markets that already envy of the globe.

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<v Speaker 1>He continues and so forth. But he's a great pick.

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<v Speaker 1>If you recall my interview with him, very smart, understands

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<v Speaker 1>the market very well, and I interviewed him I think

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<v Speaker 1>it was my first interviewer of my second back in

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<v Speaker 1>September twenty twenty one, and where he made a big

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<v Speaker 1>statement that he absolutely despises regulation through enforcement. And this

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<v Speaker 1>was the time Genser was attacking the industry right and

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<v Speaker 1>he's another pro crypto person that's really going to help

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<v Speaker 1>push things forward. And speaking of pushing things forward, Eleanor

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<v Speaker 1>Tarot of Fox businesses reporting that with digital assets becoming

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<v Speaker 1>a top priority for regulators, the SEC and the CFDC

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<v Speaker 1>are currently discussing ways in which they can effectively collaborate

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<v Speaker 1>on crypto regulation. Fox Business has learned. One idea is

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<v Speaker 1>to reinstate the charter for the CFDC SEC Joint Advisory Committee,

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<v Speaker 1>which was established in twenty ten to provide a vehicle

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<v Speaker 1>for discussion on emerging regulatory issues that affect both agencies.

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<v Speaker 1>The committee has been inactive since twenty fourteen. So we

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<v Speaker 1>absolutely need collaboration between these agencies and to iron out

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<v Speaker 1>all the details and who's going to handle what and

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<v Speaker 1>get legislation through. And of course Hester Purs is heading

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<v Speaker 1>up the Crypto Task Force, so things are up and

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<v Speaker 1>running there. We just reported yesterday about the pausing of

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<v Speaker 1>lawsuits and cases like the Binance case. The SEC and

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<v Speaker 1>Finance agreed they're going to do a sixty day pause

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<v Speaker 1>and the same could happen for ripple coinbas cracking and

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<v Speaker 1>even as Paul Atkins comes in at the SEC as chairman,

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<v Speaker 1>we could see a lot of these non fraud cases

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<v Speaker 1>get dropped and settled and all these things. So exciting times, folks.

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<v Speaker 1>The stars are aligning here. We have the right people

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<v Speaker 1>being put into office. We're starting to see action. So

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<v Speaker 1>things are heating up and they're moving in the right

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<v Speaker 1>direction now. Trump also picked former bit Fury exit executive

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<v Speaker 1>Jonathan Gould to lead the OCC, signaling ongoing shift to

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<v Speaker 1>crypto friendly regulators. So another big pick, another pro crypto pick.

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<v Speaker 1>So Jonathan Goule was previously chief legal officer at bit Fury,

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<v Speaker 1>and before that he was Senior Deputy Controller and chief

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<v Speaker 1>Counsel at the OCC, so he has a background at

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<v Speaker 1>the OCC. So Trump's reported move to tap Goule to

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<v Speaker 1>lead the OCC will help the agency to work with

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<v Speaker 1>lawmakers to move crypto bills, said Blockchain Association's Ron Hammond. Now,

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<v Speaker 1>remember Brian Brooks was at the OCC years back, and

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<v Speaker 1>he gave the green light to banks to be able

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<v Speaker 1>to hold crypto. But an Elizabeth Warren and her clown

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<v Speaker 1>army came in right Sharrod Brown and all these guys

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<v Speaker 1>and put a stop to that. But now we're getting

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<v Speaker 1>exposed for trying to unbank the crypto industry Operation Choke

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<v Speaker 1>point two point zero. So now we're going to have

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<v Speaker 1>someone who's pro crypto back at the OCC. So this

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<v Speaker 1>side of the agency world is going to help push

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<v Speaker 1>crypto go through, guys. So this is what I'm talking

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<v Speaker 1>about with the stars coming into alignment here, it's very bullish.

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<v Speaker 1>I'm so bullish on this year. I've been telling you guys,

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<v Speaker 1>we are in the macro fifth wave and there's going

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<v Speaker 1>to be volatility. There's going to be chopped along the way.

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<v Speaker 1>That's how it is. If you've experienced previous bull markets, right,

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<v Speaker 1>and yes there are some macro headwinds, but they're not permanent.

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<v Speaker 1>There's short term and there has been no invalidation of

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<v Speaker 1>the market. And then you have the government and the

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<v Speaker 1>industry and alignment legislation, the proper people coming into place,

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<v Speaker 1>so things are moving in the right direction and all

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<v Speaker 1>of this you know, will culminate in more adoption, higher

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<v Speaker 1>prices and so forth. Now, the CBOE bz X exchange

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<v Speaker 1>files proposed change to allow staking for twenty one shares

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<v Speaker 1>eat theom ETF. This is a big component to Etheroreum.

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<v Speaker 1>The ability to stak and earn those passive rewards, well,

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<v Speaker 1>it's not available in the ETF right because Gainster, remember

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<v Speaker 1>he was calling staking a security, who's calling stable coins

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<v Speaker 1>a security? Who was calling everything a security? But we

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<v Speaker 1>know that nonsense has ended. So I think you're going

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<v Speaker 1>to see the SEC this year green light staking and

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<v Speaker 1>allowing exchanges and so forth to do it. And it

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<v Speaker 1>makes sense that they're going to add it into the

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<v Speaker 1>ETHEROMYTF so big news. And remember the CBOE b z X.

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<v Speaker 1>They recently filed a nineteen b dash FURS for the

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<v Speaker 1>XRP ETF and others, so they have been doing a

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<v Speaker 1>lot of work here trying to get things through. So

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<v Speaker 1>the ETF race continues here, guys, and Bloomberg's James Seyffert

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<v Speaker 1>alluded to this filing being the first ETF to file

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<v Speaker 1>with the SEC to allow for staking. So you can

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<v Speaker 1>imagine the other competitors are going to follow suit right

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<v Speaker 1>game three. No one wants to get left behind. And

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<v Speaker 1>I think it's going to attract a lot of capital

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<v Speaker 1>to Ethereum's ETF because people can earn the passive rewards,

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<v Speaker 1>which is a great benefit. I personally stake eth I

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<v Speaker 1>steake Salona Cardona as well algorand anything that's proof of stake.

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<v Speaker 1>I'm earning the passive rewards, especially if I'm holding the tokens.

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<v Speaker 1>So that's a great benefit of crypto now, guys, quicker

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<v Speaker 1>from our sponsor and that is Proppy, which is bringing

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<v Speaker 1>real estate on chain. I've often told you guys about

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<v Speaker 1>the future is tokenized. They're going to tokenize securities, commodities

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<v Speaker 1>and much more. Real estate will have to be included

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<v Speaker 1>in there. In real estate is a massive asset class well.

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<v Speaker 1>Propy allows you to buy and sell our property around

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<v Speaker 1>the world using blockchain technology. Guys, it's revolutionary. They are

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<v Speaker 1>ahead of the curve and they are a licensed Web

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<v Speaker 1>three pioneer. They've been operating since twenty seventeen. In fact,

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<v Speaker 1>I'm a Propy token holder. It's the pro token pro

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<v Speaker 1>and they have facilitated over a four billion transactions. They

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<v Speaker 1>are putting title in escrow on the blockchain for closings

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<v Speaker 1>and escrow service they're using or crypto escrow services. They're

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<v Speaker 1>using Coinbase. So Propy, like I said, they are leading

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<v Speaker 1>the charge here and working with different realty companies around

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<v Speaker 1>the country. Creating NFTs for properties and much more so, deeds, titles,

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<v Speaker 1>everything on the blockchain and you can buy and sell

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<v Speaker 1>your properties with crypto on this platform. It's amazing and

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<v Speaker 1>this is why I invested in the property token because

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<v Speaker 1>I noticed they were leading in this category. And even

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<v Speaker 1>billionaire investor Tim Draper is invested in Propy. So if

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<v Speaker 1>you'd like to learn more about Propy and all their

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<v Speaker 1>great services, guys, go to propy dot com. Link will

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<v Speaker 1>be in a description. Okay, folks, we got big news

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<v Speaker 1>coming out from Wall Street giant Franklin Templeton. They have

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<v Speaker 1>expanded their five hundred and ninety four million dollar money

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<v Speaker 1>market fund to Salona. So similar to black Rock and

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<v Speaker 1>these guys, Franklin Templeton has been tokenizing, putting money market

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<v Speaker 1>funds on the blockchain. Many of you may recall my

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<v Speaker 1>interviews with Sandy Call who heads up digital assets at

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<v Speaker 1>Franklin Templeton, and I've interviewed a couple of times. They

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<v Speaker 1>are doing a lot, a lot of great things, guys. Well,

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<v Speaker 1>they're expanding to Solana. They highlighted here that Benji, which

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<v Speaker 1>is the name of the token I is one, is

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<v Speaker 1>now on Solana. So incredible adoption. To watch these Wall

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<v Speaker 1>Street legends, these these tratify incumbents now jumping all in

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<v Speaker 1>on crypto, expanding on multiple blockchains because they understand the

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<v Speaker 1>future is multi chain and there's going to have to

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<v Speaker 1>be into ropability. So just huge, huge adoption news here. Now,

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<v Speaker 1>a report coming out from van X says that state

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<v Speaker 1>level bitcoin reserve bills could drive twenty three billion dollars

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<v Speaker 1>in buying. So we've been seeing a flurry of states

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<v Speaker 1>filing or introducing their bitcoin strategic Reserve bills. I had

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<v Speaker 1>reported to you guys last week that Utah their version

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<v Speaker 1>made it through their house and it's now headed up

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<v Speaker 1>to the Senate, and you could see these states start

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<v Speaker 1>to buy bitcoin. Guys. We know there's a bill on

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<v Speaker 1>the federal level, so imagine the states just getting their

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<v Speaker 1>bills through and starting to buy on their It would

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<v Speaker 1>be incredible. And many of them may go the route

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<v Speaker 1>of buying ETFs, or they may hold it directly through

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<v Speaker 1>a custodian of course. So van K they're saying this

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<v Speaker 1>could drive twenty three billion dollars in buying, and it

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<v Speaker 1>makes sense as bitcoin obviously is a better version of gold.

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<v Speaker 1>You know, many consider it to be digital goal, which

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<v Speaker 1>enhance attributes and properties better than gold itself, So watch

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<v Speaker 1>out for this. I'm surprised how these bills are making

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<v Speaker 1>it through in the momentum they have, so it don't

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<v Speaker 1>be surprised if states get this done first before the

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<v Speaker 1>federal government, which sometimes usually the case. But nevertheless, very

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<v Speaker 1>interesting and as you can imagine, it will start with

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<v Speaker 1>bitcoin and then as folks get more comfortable, it will

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<v Speaker 1>go to other coins and things along those lines. Now,

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<v Speaker 1>final news item here. SEC Commissioner Hester Perce weighed on

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<v Speaker 1>mean coins. She was interviewed, I think on Bloomberg and

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<v Speaker 1>here's the headline. Many meme coins likely fall outside the

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<v Speaker 1>SEC's jurisdiction, so this is interesting. She's saying, Look, meme

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<v Speaker 1>coins may have nothing to do with the SEC. And

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<v Speaker 1>it could be because the nature of meme coins, because

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<v Speaker 1>they're almost fly by night, right. They could pop up

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<v Speaker 1>tonight and then be gone two days later. Right. We

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<v Speaker 1>saw that with Dave Portnoy Hawktua and all these crazy

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<v Speaker 1>meme coins. Even Trumps it pumped so hard, but you

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<v Speaker 1>go look at it right now, it's down. Malania coin

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<v Speaker 1>is like dead, right, So meme coins, I think is

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<v Speaker 1>like going to Vegas. It is pretty much gambling. It's

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<v Speaker 1>not investing. In my opinion, it's like playing the lottery,

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<v Speaker 1>going to the casino. That's what I liken it too,

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<v Speaker 1>and I tell people. So it's interesting that she said this,

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<v Speaker 1>and she's saying that Congress is going to have to

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<v Speaker 1>give the guidance here, and boy do they have to

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<v Speaker 1>give guidance. Where does this fall? Is like the gambling

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<v Speaker 1>industry that has to handle this. I don't know, but

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<v Speaker 1>there needs to be some sort of regulation here, because look,

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<v Speaker 1>even casinos and betting sites and so forth are regulating.

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<v Speaker 1>There's regulations there, right, because you don't want the casinos

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<v Speaker 1>robbing people, rigging games and so forth. Now we know

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<v Speaker 1>the house always wins, that they're in a business and

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<v Speaker 1>making money, but we don't want them outright scamming people

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<v Speaker 1>like some of these meme coining people. They start up

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<v Speaker 1>some memes, they put it out there, they pump it

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<v Speaker 1>a lot of people buying, and then they rug you

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<v Speaker 1>and then you lose your money. So maybe the SEC.

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<v Speaker 1>This is not so much the SEC's job, another agency.

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<v Speaker 1>I don't know. The gambling industry. I have no idea,

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<v Speaker 1>but we'll have to see maybe it's a combination of

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<v Speaker 1>the SEC, CFTC and whatever agency handles gambling, honestly, so

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<v Speaker 1>we'll have to see. But I was surprised that she

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<v Speaker 1>said it has nothing to do with us. Here's a quote.

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<v Speaker 1>There are lots of people introducing meme coins right now,

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<v Speaker 1>and facts and circumstances matter. Any of the mean coins

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<v Speaker 1>that are out there probably do not have a home

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<v Speaker 1>in the SEC under our current set of regulations. So

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<v Speaker 1>maybe Congress updates of regulations where they do have to

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<v Speaker 1>review this. I don't know. This is a tough one,

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<v Speaker 1>but guys, that's the news. Let me know what you think.

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<v Speaker 1>Big nominations by President Trump procrypto folks coming into these agencies,

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<v Speaker 1>so very good sign for the industry and the ASCID class.

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<v Speaker 1>Let me know what you think. Leave your thoughts and

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<v Speaker 1>comments below hit the thumbs up button. Guys. A great

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<v Speaker 1>percent free. It's on substack linkal being the description. Be

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<v Speaker 1>sure to grab a copy of my book Readthinking Crypto.

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<v Speaker 1>It's available on Amazon in paperback and digital. Check out

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<v Speaker 1>my new course, Mycrypto Course dot com. This is a

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<v Speaker 1>comprehensive course that teaches you all aspects of crypto from

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<v Speaker 1>A to Z. Best of all, it features expert commentary

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<v Speaker 1>here from founders, CEOs, institutional investors as they explain to

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<v Speaker 1>this is very unique and of course it has videos,

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<v Speaker 1>one time fee you get a lifetime access that you

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<v Speaker 1>can go at your own pace, share your access with

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<v Speaker 1>your friends and family, and much more so. If you'd

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<v Speaker 1>like to learn more, guys, go to mycryptocourse dot com.

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<v Speaker 1>Or if folks, thank you for watching and listening. I

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