WEBVTT 1 00:00:05.040 --> 00:00:08.359 Hey, everyone, Welcome into the Thinking Crypto podcast. You're home 2 00:00:08.439 --> 00:00:12.400 for cryptocurrency news and interviews. I'm your host, Tony Edward. 3 00:00:12.560 --> 00:00:15.039 On your way in. Please let that subscribe button as 4 00:00:15.119 --> 00:00:17.359 well as a thumbsup button and leave a comment below. 5 00:00:17.640 --> 00:00:20.280 If you're listening on a podcast platform such as Spotify 6 00:00:20.359 --> 00:00:23.600 or Apple, please leave a five star rating and review. Folks. 7 00:00:23.640 --> 00:00:25.719 I want to apologize for my voice ahead of time 8 00:00:25.839 --> 00:00:28.440 and for missing a few episodes over the past couple 9 00:00:28.480 --> 00:00:31.320 of days. I've been under the weather, battling the flu. 10 00:00:31.440 --> 00:00:33.840 But I'm starting to feel better and we got lots 11 00:00:33.840 --> 00:00:36.200 to talk about. So let's kick it off with Bitcoin's 12 00:00:36.280 --> 00:00:40.079 chart right here. Bitcoin over seventy two thousand dollars right now, 13 00:00:40.119 --> 00:00:43.439 so we're seeing some strength here. And we've been talking 14 00:00:43.479 --> 00:00:45.640 about this for the past three to four weeks, and 15 00:00:45.679 --> 00:00:48.119 that is this is some sort of relief rally. How 16 00:00:48.200 --> 00:00:52.079 high it goes is tbd. I'm expecting maybe eighty to 17 00:00:52.119 --> 00:00:56.560 eighty five k. Potentially it wiks higher, goes to ninety right, 18 00:00:56.600 --> 00:00:59.079 but that's not guaranteed. And then we want to see 19 00:00:59.280 --> 00:01:01.479 rotation of the liquidity to the all coins, where the 20 00:01:01.479 --> 00:01:04.400 all coins outperform Bitcoin. Now, this is not a move 21 00:01:04.439 --> 00:01:06.799 to new all time highs as we've been talking about. 22 00:01:06.840 --> 00:01:09.079 Same thing for the all coins, but a bit of 23 00:01:09.079 --> 00:01:13.560 a relief rally here after incredible downside and Bitcoin hitting 24 00:01:13.640 --> 00:01:17.120 the over soul zone. On the daily and the weekly chart. 25 00:01:17.359 --> 00:01:20.200 Now the mac D shows the bulls are still in control, 26 00:01:20.239 --> 00:01:23.719 and daily chart the RSI still shows room to run 27 00:01:23.760 --> 00:01:26.519 here for it to go a bit higher, but as always, 28 00:01:26.560 --> 00:01:29.920 there's nothing guaranteed. We could get negative news. There's a 29 00:01:30.000 --> 00:01:32.239 lot happening. We're going to talk about the stock market, 30 00:01:32.239 --> 00:01:35.120 but oil is going crazy. There's a lot of uncertainty 31 00:01:35.120 --> 00:01:38.200 around the world with the Iran situation and much more. 32 00:01:38.519 --> 00:01:40.239 So you got to keep these things in the back 33 00:01:40.280 --> 00:01:42.920 of your mind that there could be some black swan 34 00:01:42.959 --> 00:01:46.040 event news that could trigger a market dump. But this 35 00:01:46.159 --> 00:01:48.599 is a good sign. If everything goes according to plan 36 00:01:48.719 --> 00:01:51.239 here and what the charts are showing us, we could 37 00:01:51.319 --> 00:01:55.599 see a continuation into the eighty k's and then also 38 00:01:55.719 --> 00:01:58.400 followed on the weekly chart, we're seeing some good signs, 39 00:01:58.439 --> 00:02:02.120 so obviously a green candle here weekly. The important thing 40 00:02:02.560 --> 00:02:04.959 is that the RSI is moving away from the over 41 00:02:05.079 --> 00:02:07.680 soul zone and it still has room to run, so 42 00:02:07.799 --> 00:02:11.240 again we could see further upside, and we're seeing confirmation 43 00:02:11.360 --> 00:02:14.039 about the daily and the weekly chart for the MACD. 44 00:02:14.400 --> 00:02:17.800 On the weekly, the bears are losing control, right. The 45 00:02:17.879 --> 00:02:21.280 MACD candles are turning from dark red into light red 46 00:02:21.319 --> 00:02:23.520 and they're getting smaller. So if you know how to 47 00:02:23.520 --> 00:02:26.520 read this metric, it shows the bears are losing momentum 48 00:02:26.520 --> 00:02:29.759 and this is about to flip green soon. So we 49 00:02:29.800 --> 00:02:31.919 can hope for Bitcoin to go as high as possible, 50 00:02:32.039 --> 00:02:34.479 maybe into the ninety ks, and then we have a 51 00:02:34.520 --> 00:02:37.599 little mini all season, right, not a true all season, 52 00:02:37.960 --> 00:02:41.240 so we shall see the DXY showing a lot of weakness. 53 00:02:41.400 --> 00:02:44.879 It's RSI showing its overbought, so the dollars overbought and 54 00:02:45.120 --> 00:02:47.520 it looks like it's gonna dump down again. How far 55 00:02:47.560 --> 00:02:50.240 it downs down, I don't know. You know, there's an 56 00:02:50.240 --> 00:02:52.719 inverse correlation with all of this, and even if we 57 00:02:52.759 --> 00:02:56.840 look at USDT dominance, that's starting to break down. So 58 00:02:56.919 --> 00:03:01.080 that's a good sign, and it's correlating with bigcoins move right, 59 00:03:01.120 --> 00:03:03.639 the stable coin liquidity is making its way into the 60 00:03:03.680 --> 00:03:06.159 markets so that the assets are running, so the USDT 61 00:03:06.360 --> 00:03:10.520 dominance is breaking down. However, what I'm concerned about, folks, 62 00:03:10.639 --> 00:03:13.360 is the stock market is showing a lot of weakness here. 63 00:03:13.599 --> 00:03:15.319 So you look at the S and P five hundred, 64 00:03:15.400 --> 00:03:18.199 you look at the NASAC, they're all rolling over. And 65 00:03:18.319 --> 00:03:21.439 what we've seen is that the gravitational pull up the 66 00:03:21.439 --> 00:03:24.879 stock market can bring down other assets such as crypto. 67 00:03:25.400 --> 00:03:28.240 So this is where the relief rally for crypto is 68 00:03:28.240 --> 00:03:30.000 not a move to new all time highs, and this 69 00:03:30.080 --> 00:03:33.280 is a further confirmation of that in addition to us 70 00:03:33.280 --> 00:03:37.280 being in a bear market, but the gravitational pull of 71 00:03:37.360 --> 00:03:40.400 the stock market starts dumping again. You got oil over 72 00:03:40.439 --> 00:03:43.400 one hundred dollars a barrow, you got Iran conflict here, 73 00:03:43.560 --> 00:03:46.560 so many things going on. These things are gonna drive 74 00:03:46.599 --> 00:03:49.960 pressure and it looks like there's distribution taking place here 75 00:03:50.039 --> 00:03:52.280 for the stock market, the NASDAC, the S and P 76 00:03:52.400 --> 00:03:54.840 five hundred, and much more. Now is it going to 77 00:03:54.960 --> 00:03:57.439 drop in a straight line? Of course, not right, And 78 00:03:57.520 --> 00:04:00.479 similar to crypto and what bigcoin's doing right right now, 79 00:04:00.680 --> 00:04:03.039 you're going to see a relief rally. Eventually, it's going 80 00:04:03.080 --> 00:04:06.520 to become over sold. In fact, the daily RSI is 81 00:04:06.599 --> 00:04:09.360 approaching the over soul zone. It's not there yet, but 82 00:04:09.400 --> 00:04:12.120 it's approaching it. And what do markets do like we've 83 00:04:12.199 --> 00:04:15.000 been talking about, right, they do the opposite of the herd. 84 00:04:15.120 --> 00:04:18.800 So everybody starts getting scared. They don't know how to 85 00:04:18.839 --> 00:04:22.839 read RSI or macdee or trend lines and all these things. Right, Like, 86 00:04:22.879 --> 00:04:25.439 for example, the stock market looks like he wants to 87 00:04:25.480 --> 00:04:28.000 break through the two hundred day moving average, and as 88 00:04:28.040 --> 00:04:30.839 you all know, nothing good happens below that. When you 89 00:04:30.879 --> 00:04:32.759 are above that, you're in a bull market. When you 90 00:04:32.839 --> 00:04:35.319 are below that, you're in a bear market. Right, So 91 00:04:35.800 --> 00:04:38.199 this is where we're going to have to wash this closely. 92 00:04:38.279 --> 00:04:40.199 But the good thing is this is it's like a 93 00:04:40.279 --> 00:04:44.360 slow distribution happening, and crypto may have its rally, then 94 00:04:44.360 --> 00:04:47.959 the stock market dumps it and everything starts going down 95 00:04:47.959 --> 00:04:51.040 to new lows. That's what it looks like. You know, 96 00:04:51.160 --> 00:04:54.000 could it change, you know, like I said, nothing's guaranteed today, 97 00:04:54.040 --> 00:04:56.759 upside or downside here? You know, could something break in 98 00:04:56.800 --> 00:05:01.399 the system. For example, I recently reported that Blackrock Limited 99 00:05:01.399 --> 00:05:04.199 withdrawals out of one of its funds. I think it's 100 00:05:04.199 --> 00:05:07.360 a private credit fund here, So you're starting to see 101 00:05:07.360 --> 00:05:10.279 some cracks in the system. If Blackrock has to do this, 102 00:05:10.399 --> 00:05:14.839 the world's largest asset manager something's wrong. Right, doesn't mean 103 00:05:15.160 --> 00:05:17.360 that I'm looking I'm a doomer and I'm calling for 104 00:05:17.399 --> 00:05:20.279 the collapse of the economy in nineteen twenty nine. That's 105 00:05:20.279 --> 00:05:24.839 not what I'm saying. Just these are signals that things 106 00:05:24.839 --> 00:05:28.600 are starting to break down, and we know the ultimate solution. 107 00:05:28.879 --> 00:05:31.160 What do the governments do? What does the FED do? 108 00:05:31.560 --> 00:05:33.680 They will step in and print money. They're not gonna 109 00:05:33.759 --> 00:05:37.079 let Blackrock go to zero. They're not gonna let the 110 00:05:37.160 --> 00:05:40.000 assets go to zero, because that will collapse the entire system. 111 00:05:40.000 --> 00:05:42.839 If you understand why we have to hold assets, why 112 00:05:42.879 --> 00:05:45.759 they keep printing money, and why those asset prices keep 113 00:05:45.839 --> 00:05:49.720 going up. Right, and here is a signal that worries me. Guys. 114 00:05:50.000 --> 00:05:53.240 It's giving me two thousand and eight vibes. And that 115 00:05:53.439 --> 00:05:57.879 is Jim Kramer tweeted out just on Friday the thirteenth, 116 00:05:58.279 --> 00:06:03.639 not buying the two seven scenario. If you recall when 117 00:06:04.519 --> 00:06:07.319 Bear Stearns and a lot of the Wall Street firms 118 00:06:07.360 --> 00:06:09.800 are starting to collapse, Jim Kramer said, don't take your 119 00:06:09.839 --> 00:06:12.839 money out. This is documented, there's videos of this. Right, 120 00:06:13.160 --> 00:06:15.600 don't take your money up. Bear Stearns is fine, blah 121 00:06:15.600 --> 00:06:19.160 blah blah. Right, he was telling the masses that everything's fine, 122 00:06:19.199 --> 00:06:23.399 and then literally a week later, massive dump, big time collapse, 123 00:06:23.759 --> 00:06:25.839 and we know how that story ended with bailouts and 124 00:06:25.920 --> 00:06:29.560 much more. So. Again, I'm not a dumer long term, 125 00:06:29.639 --> 00:06:33.439 I am bullish. I'm just saying near term, watch out. 126 00:06:33.639 --> 00:06:36.439 There could be something that comes up that breaks something 127 00:06:37.000 --> 00:06:40.079 and you can see assets dump, but that presents a 128 00:06:40.120 --> 00:06:43.199 buying opportunity, just like March twenty twenty, right when the 129 00:06:43.199 --> 00:06:47.439 pandemic started, just like the Tariff Liberation day last year, 130 00:06:47.480 --> 00:06:52.120 when market's all dumped and that was an opportunity to buy, 131 00:06:52.480 --> 00:06:56.040 and we went up after that. The problem is there's 132 00:06:56.120 --> 00:06:59.480 obviously two to three four month lag before things start 133 00:06:59.519 --> 00:07:02.720 picking up. Theme, right, They're going to let things get bad, 134 00:07:02.759 --> 00:07:04.560 and I think if FED will step in with some 135 00:07:04.600 --> 00:07:07.040 sort of bailout, they may not call it Q they'll 136 00:07:07.079 --> 00:07:10.680 call it something else. So asset prices will eventually go up. 137 00:07:10.720 --> 00:07:14.360 So I'm just giving you this scenario that it seems 138 00:07:14.399 --> 00:07:17.439 to be forming here. Again, not guaranteed. It could be 139 00:07:17.480 --> 00:07:21.240 that final catalyst that drives the stock market down, drives 140 00:07:21.240 --> 00:07:24.439 crypto a bit lower, right because we have been oversold, 141 00:07:24.480 --> 00:07:28.079 But it takes bitcoin to the fifty K's range and 142 00:07:28.560 --> 00:07:30.519 then we find some sort of bottom and then we 143 00:07:30.560 --> 00:07:32.600 move back up. So this is where you have to 144 00:07:32.639 --> 00:07:36.279 have the macro view. Don't get emotional if something breaks 145 00:07:36.319 --> 00:07:38.920 and there's panic and headlines. Right, you do not want 146 00:07:38.920 --> 00:07:42.399 to be part of the Jim Kramer news cycle and 147 00:07:42.399 --> 00:07:45.360 the mass is feeling fear and they start dumping, right, 148 00:07:45.680 --> 00:07:49.759 that's where you want to accumulate. So once you understand that, folks, 149 00:07:49.800 --> 00:07:53.199 it's game changing for your investments and it allows you 150 00:07:53.279 --> 00:07:56.600 to really really grow your wealth. And that's a lesson 151 00:07:56.720 --> 00:07:59.600 I had to learn. And I used to be that 152 00:08:00.360 --> 00:08:03.360 rollercoaster going with the headlines. Jim Kramer said this. Oh no, 153 00:08:03.519 --> 00:08:05.560 CNBC is saying, oh, look at the headline and the 154 00:08:05.560 --> 00:08:08.439 Wall Street Journal in the New York Times. Now that 155 00:08:08.480 --> 00:08:10.959 doesn't even bother me. I look to the charts, the 156 00:08:11.040 --> 00:08:14.480 on chain data, the macro factors, the fundamentals, right, I 157 00:08:14.519 --> 00:08:16.959 look at what the Fed is doing. So this is 158 00:08:16.959 --> 00:08:21.199 where you have to unlearn all that mainstream financial news 159 00:08:21.319 --> 00:08:25.480 nonsense rate and look at the data. So again, short term, 160 00:08:26.000 --> 00:08:28.879 I think bigcoin continues to move higher, some all coins 161 00:08:28.920 --> 00:08:31.879 pop off, not to new all time highs. Stock market 162 00:08:31.920 --> 00:08:35.200 is showing weakness and it could go a bit further down, 163 00:08:35.639 --> 00:08:37.720 maybe something breaks and then the Fed has to step 164 00:08:37.720 --> 00:08:39.440 in with some sort of bailout. We're going to have 165 00:08:39.519 --> 00:08:42.639 to wait and see. But patients and having the macro 166 00:08:42.759 --> 00:08:46.399 view is so important. Okay, look at this billionaire investor 167 00:08:46.519 --> 00:08:50.159 Stan drucken Miller said he expects global payment systems to 168 00:08:50.279 --> 00:08:54.080 run largely on stable coins within fifteen years, calling them 169 00:08:54.080 --> 00:08:58.360 more efficient, faster, and cheaper than the current infrastructure. So 170 00:08:58.919 --> 00:09:01.919 all the big name and investors now coming out of 171 00:09:01.919 --> 00:09:04.399 the woodwork saying they understand it. What's going to happen 172 00:09:04.480 --> 00:09:08.679 blockchain And it's because we've crossed the chasm, guys, right, 173 00:09:09.120 --> 00:09:12.480 blockchain technologies here to stay. We've talked about it at nauseum. 174 00:09:12.720 --> 00:09:15.240 The capital markets, the governments, and the economies will all 175 00:09:15.320 --> 00:09:18.480 run on blockchain rails. However, in the same interviews, Stan 176 00:09:18.639 --> 00:09:21.679 did say some negative things about bitcoin. However, what we've 177 00:09:21.720 --> 00:09:24.279 been seeing lately is that a lot of these guys, 178 00:09:24.799 --> 00:09:30.120 the big names like Chamat Pallpatilla, Stanley Drunkenmiller, they've been 179 00:09:30.159 --> 00:09:33.759 shorting clearly right. They flipped their narratives. When things are bullish, 180 00:09:33.799 --> 00:09:36.679 they'll give out their bullish narrative because they're long. When 181 00:09:36.679 --> 00:09:39.279 they're short like they are now, they'll come out and say, yeah, 182 00:09:39.320 --> 00:09:42.720 you know, I'm not sure quantum this quantum that they'll 183 00:09:42.720 --> 00:09:45.399 come up with some narrative. I've been here long enough 184 00:09:45.440 --> 00:09:48.240 and I see it. Not a lot of people see it, unfortunately, 185 00:09:48.279 --> 00:09:49.960 and they get caught off guard by the big name. 186 00:09:50.000 --> 00:09:52.799 Oh my god, Stan drunken Miller. Ray Dahlio said this. 187 00:09:53.200 --> 00:09:57.759 Chamat Palpatilla said this right, And I hope I know 188 00:09:57.879 --> 00:10:00.440 the game how it's played. These guys go on TV 189 00:10:00.519 --> 00:10:02.799 and they put out their narratives based on their position. 190 00:10:03.360 --> 00:10:05.360 So you got to make sure you don't just take 191 00:10:05.399 --> 00:10:08.480 what they're saying at phase value. You have to validate 192 00:10:08.519 --> 00:10:11.799 what they're saying with your own knowledge. So just FYI, 193 00:10:12.519 --> 00:10:14.679 we've been seeing a lot and I think a lot 194 00:10:14.720 --> 00:10:17.679 of these guys they saw that gold was the better trades, 195 00:10:17.679 --> 00:10:20.080 so they started shorting bitcoin, their long gold and all 196 00:10:20.080 --> 00:10:22.600 these things, and Ray Dalio kind of kicked it off. 197 00:10:22.600 --> 00:10:25.720 Then Chamat Palpatek he started doing the stand. Even though 198 00:10:25.759 --> 00:10:28.039 he's saying he's bullish on stable coins and blockchain, he 199 00:10:28.120 --> 00:10:31.000 started saying, you know, Bitcoin, I don't know, but yet 200 00:10:31.120 --> 00:10:33.440 In the last bull market cycle, He was like, bitcoin 201 00:10:33.879 --> 00:10:37.559 is a hedge and I'm long and it's the same 202 00:10:37.600 --> 00:10:39.320 thing over and over. Man. I hope you guys see 203 00:10:39.320 --> 00:10:41.720 what I'm talking about. Okay, guys, this episode is brought 204 00:10:41.720 --> 00:10:45.080 to you by Treasure. Treasure makes extoring your crypto easy. 205 00:10:45.559 --> 00:10:49.879 They are the creators, the pioneers behind crypto hardware Wallace. 206 00:10:49.919 --> 00:10:53.279 They started this in twenty thirteen. They created the seed phrase, 207 00:10:53.279 --> 00:10:55.919 set up and much more. Their hardware wallets are open 208 00:10:56.080 --> 00:10:59.039 source and they're beautifully crafted. Guys. I'm a user if 209 00:10:59.039 --> 00:11:02.519 the Treasures say five even save seven, just easy to use, 210 00:11:02.600 --> 00:11:05.360 beautiful screens and much more. They feel really great in 211 00:11:05.399 --> 00:11:08.000 your hand as you're holding them, and they're so easy 212 00:11:08.039 --> 00:11:11.639 to navigate. And Treasure supports all the top all coins guys. 213 00:11:11.639 --> 00:11:15.919 I'm talking big Coinsalta, XRPE, Theoreum, doge Coin, Cardano, you 214 00:11:16.000 --> 00:11:18.519 name it, go down the list. They support it, even 215 00:11:18.559 --> 00:11:21.440 new tokens like black Rocks, Biddle. They have a software 216 00:11:21.559 --> 00:11:24.440 suite called Treasure Suite which helps you to manage all 217 00:11:24.480 --> 00:11:27.279 of this, and they have a handholding service that if 218 00:11:27.320 --> 00:11:29.399 you want to talk to a Treasure rep after buying 219 00:11:29.440 --> 00:11:32.240 your device, they can walk you through the setup and 220 00:11:32.320 --> 00:11:34.639 answer all the questions you have. Don't worry. They don't 221 00:11:34.679 --> 00:11:36.960 ask you for your private keys. And like I said, 222 00:11:37.000 --> 00:11:39.320 I'm a user, I'm a big believer in self custody. 223 00:11:39.320 --> 00:11:41.679 I believe that's the safest way to custody your crypto assets, 224 00:11:41.679 --> 00:11:44.600 where you control the private keys. And if you use 225 00:11:44.639 --> 00:11:47.600 my code, thinking crypto all one word, thinking crypto, you 226 00:11:47.600 --> 00:11:50.720 can get five percent off your purchase. So check out. 227 00:11:50.759 --> 00:11:53.879 Treasure link will be in the description. Now, folks, look 228 00:11:53.879 --> 00:11:56.080 at this. This is very interesting coming off from Circle, 229 00:11:56.120 --> 00:11:58.840 which is the issue of the stable coin USDT so 230 00:11:58.960 --> 00:12:03.279 Circles us YC just became the world's largest tokenized money 231 00:12:03.320 --> 00:12:07.000 market fund. They actually surpassed black Rocks Biddle, which is interesting. 232 00:12:07.399 --> 00:12:11.399 So Jeremy a Lair founder and CEO of Circles set 233 00:12:11.440 --> 00:12:15.679 tokenized treasuries and repo as collateral is a major emerging 234 00:12:15.759 --> 00:12:18.360 use case and we are proud of how quickly this 235 00:12:18.440 --> 00:12:23.879 has grown. What's especially powerful about USYC is the ability 236 00:12:23.919 --> 00:12:27.360 to twenty four seven, three sixty five create and redeem 237 00:12:27.440 --> 00:12:31.879 it using USDC and a smart contract teller real time 238 00:12:31.960 --> 00:12:37.039 money and collateral is better. So pretty significant milestone, especially 239 00:12:37.039 --> 00:12:40.200 that they beat Blackrock to it, right but we're gonna 240 00:12:40.200 --> 00:12:43.159 see more and more of this. Competition's very good and 241 00:12:43.279 --> 00:12:46.080 very healthy, and it's great to see that a crypt 242 00:12:46.320 --> 00:12:49.480 native firm, which is now publicly traded, of course, is 243 00:12:49.799 --> 00:12:52.039 doing well. And I've often told you guys, you know, 244 00:12:52.080 --> 00:12:54.519 there's certain stocks that I invest in as far as 245 00:12:54.519 --> 00:12:57.840 crypto companies, Circle being one of them, Coinbase, so I 246 00:12:57.840 --> 00:12:59.840 look to buy them when they're the lows. I told 247 00:12:59.840 --> 00:13:02.639 you guys, I was not investing when Circle went public. 248 00:13:02.799 --> 00:13:06.519 Is the the price the stock price is inflated, but 249 00:13:06.559 --> 00:13:09.600 that it's down, I'm going to accumulate, right, So that's 250 00:13:09.639 --> 00:13:13.320 not financial advice, just you know, sharing what I'm usually 251 00:13:13.360 --> 00:13:14.840 doing with you guys, and it's up to you to 252 00:13:14.840 --> 00:13:17.840 do your own research. Of course, look at this. Wyoming's 253 00:13:17.879 --> 00:13:22.840 frontier stable coin, which is fr and T, the first 254 00:13:22.960 --> 00:13:25.559 US state issued stable coin, is now live on the 255 00:13:25.600 --> 00:13:29.080 Hydera blockchain. So I'm trying to get someone from Wyoming 256 00:13:29.120 --> 00:13:31.480 on to talk about this, and this could be a 257 00:13:31.519 --> 00:13:34.919 model for many different states. On the federal level, of course, 258 00:13:35.039 --> 00:13:38.799 you have different stable coins and issuers who are getting 259 00:13:38.799 --> 00:13:41.919 licenses after the Genius Act has been passed. And on 260 00:13:41.960 --> 00:13:44.639 the state level, it's to be determined how this will 261 00:13:44.679 --> 00:13:48.679 all play out, and you know, how are they going 262 00:13:48.759 --> 00:13:51.399 to compete? But you know, the economies for each state 263 00:13:51.440 --> 00:13:53.799 are large enough where they can have their own stable coin, 264 00:13:53.879 --> 00:13:56.399 have their citizens use it, and I get the benefits. 265 00:13:56.440 --> 00:13:59.759 The question is if I go to another state, you know, 266 00:13:59.799 --> 00:14:02.679 can I easily use that stable coin? And that's you know, 267 00:14:02.720 --> 00:14:06.080 whether it be interoperability and that type of thing. If 268 00:14:06.120 --> 00:14:08.679 it's all just backed by the US dollar. You know, 269 00:14:09.039 --> 00:14:10.879 we're gonna have to wait and see, but that would 270 00:14:10.879 --> 00:14:14.360 be ideal. You know, the states issue their own stable coin, 271 00:14:15.080 --> 00:14:17.399 and I can go to another state and spend it, 272 00:14:17.440 --> 00:14:21.480 and you know there's an instant swap and it's atomic settlement. 273 00:14:21.720 --> 00:14:23.679 I don't have to wait, and I don't have to 274 00:14:23.679 --> 00:14:27.240 do anything necessarily. I just scan and the back end 275 00:14:27.840 --> 00:14:30.320 everything's taken care of. Right. That would be the ideal scenario. 276 00:14:30.360 --> 00:14:33.200 But this is really great. I hold the h bar 277 00:14:33.240 --> 00:14:35.440 Tokei in my portfolio. I am bullish on this project 278 00:14:35.480 --> 00:14:38.639 long term. And like I said, trying to get someone 279 00:14:38.840 --> 00:14:42.399 on from Wyoming to talk about this stable coin. Now 280 00:14:42.559 --> 00:14:44.600 some not so good news for you guys, but it's 281 00:14:44.679 --> 00:14:48.679 important that you know about it. Apparently the DOJ is 282 00:14:48.759 --> 00:14:55.720 investigating Binance over crypto flows that may have flowed to terrorists, 283 00:14:55.960 --> 00:15:00.320 you know, Iran linked entities, things like that. By is 284 00:15:00.519 --> 00:15:04.080 saying that, you know, they don't know, and they're willing to, 285 00:15:04.840 --> 00:15:07.039 you know, go through the details and so forth. But 286 00:15:08.679 --> 00:15:10.679 I don't know how far this goes because we know 287 00:15:11.240 --> 00:15:15.440 the Trump administration part in CZ and there's some close 288 00:15:15.519 --> 00:15:19.399 collaboration on certain things. You know, Binance has invested I 289 00:15:19.440 --> 00:15:22.240 believe in the world liberty, financial staple coin and things 290 00:15:22.279 --> 00:15:26.000 like that. So we shall see. I've often stated that 291 00:15:26.039 --> 00:15:28.200 in the early days of crypto it was kind of 292 00:15:28.200 --> 00:15:32.519 the wild wild West, where it was so small. You know, 293 00:15:32.600 --> 00:15:35.879 there wasn't a lot of enforcement that kyc AML, not 294 00:15:36.000 --> 00:15:38.679 that folks were trying to be nefarious, it was just 295 00:15:39.159 --> 00:15:43.799 this entirely new marketing system. I remember using exchanges. I 296 00:15:43.799 --> 00:15:46.440 didn't have the kyc EML, but you know, me and 297 00:15:46.879 --> 00:15:49.200 millions of other people, we weren't trying to do anything 298 00:15:49.440 --> 00:15:51.519 the Ferris. We're just trying to buy the acid. Right. 299 00:15:51.840 --> 00:15:53.879 It was a pain in the ass. I remember having 300 00:15:53.919 --> 00:15:57.039 to buy stuff on a bitstamp and then move it 301 00:15:57.080 --> 00:16:00.679 over to Binance and to get it was It's crazy, man, 302 00:16:00.759 --> 00:16:04.759 and anyway, TLDR here is that maybe there were bad 303 00:16:04.799 --> 00:16:06.720 actors who fell through the cracks. You know, I don't 304 00:16:06.759 --> 00:16:09.440 doubt that, but I don't think the exchanges were trying 305 00:16:09.440 --> 00:16:12.559 to endorse that. Right, that's the point. And look, if 306 00:16:12.559 --> 00:16:14.039 they have to pay the fine, they have to pay 307 00:16:14.039 --> 00:16:15.559 the fine. Right, it is what it is. But I 308 00:16:15.600 --> 00:16:20.480 don't think that's happening now though, because things have changed drastically. 309 00:16:20.480 --> 00:16:23.399 The industry has matured. There have been a lot of 310 00:16:23.440 --> 00:16:26.840 the governments are requiring KYCAML checks and all that, which 311 00:16:26.879 --> 00:16:31.039 is good. And we'll see here where this goes. Now, 312 00:16:31.080 --> 00:16:33.840 something that's really pissing me off, and you guys know 313 00:16:33.919 --> 00:16:36.720 how I feel about it. I'll read the headline, Donald 314 00:16:36.720 --> 00:16:39.960 Trump mean coin team launched it second Galla promotion as 315 00:16:39.960 --> 00:16:42.919 Trump token hits all time low. I said it from 316 00:16:42.919 --> 00:16:45.039 the day he launched it or I heard this news. 317 00:16:45.399 --> 00:16:49.320 This is not something any president or public official should 318 00:16:49.399 --> 00:16:54.039 be doing. And I wish Donald Trump would shut this down. 319 00:16:54.240 --> 00:16:56.720 I tell the people, and well, hey, stop it. That's it. 320 00:16:57.279 --> 00:16:59.960 But it keeps wearing its ugly head and I hope 321 00:17:00.080 --> 00:17:03.240 it doesn't cause any big problems. The tokens down like 322 00:17:03.320 --> 00:17:06.119 ninety something percent, so is the Malania token down like 323 00:17:06.200 --> 00:17:10.200 ninety eight percent? Again, horrible optics, bad luck. I don't 324 00:17:10.200 --> 00:17:12.880 care what your politics are, even if you're the biggest 325 00:17:12.960 --> 00:17:15.559 Donald Trump fan in the world, you shouldn't be pushing 326 00:17:15.599 --> 00:17:18.480 anything like this because what's going to happen now. It 327 00:17:18.519 --> 00:17:22.880 sets the precedent that a Democrat leader comes into power 328 00:17:22.920 --> 00:17:25.799 and starts a mean coin, then we you know, we're 329 00:17:25.799 --> 00:17:28.680 gonna have a whole bunch of problems here. So I 330 00:17:28.880 --> 00:17:31.839 really really don't like this, and I hope that this 331 00:17:32.039 --> 00:17:35.480 someone talks to President Trump and the team they're like, dude, 332 00:17:35.519 --> 00:17:38.279 stop this, stop the meme coin. Like I don't have 333 00:17:38.319 --> 00:17:41.599 a problem with his son Eric having American bitcoin, right, 334 00:17:42.319 --> 00:17:45.680 that's like a degree of separation from President Trump. Eric 335 00:17:45.759 --> 00:17:48.440 is running it. It's not a mean Coin's a legit 336 00:17:48.559 --> 00:17:51.079 business and that type of thing. And it's even we're 337 00:17:51.119 --> 00:17:54.359 liberty financial, right, But the mean coin, man, come on, 338 00:17:55.200 --> 00:17:57.759 and you just look again, it's then ninety something percent, 339 00:17:58.160 --> 00:18:00.720 Like why are we doing it? Why are you guys 340 00:18:00.759 --> 00:18:03.599 trying to hold a dinner for this? This is ridiculous, 341 00:18:03.640 --> 00:18:09.279 so horrible, horrible decision here, bad optics, And I hope 342 00:18:09.319 --> 00:18:11.559 they don't continue to push this thing. And you know 343 00:18:11.640 --> 00:18:14.519 I mentioned the Claritiac that this things like this could 344 00:18:14.559 --> 00:18:17.799 potentially hold up the Claritiac. We are getting news here 345 00:18:18.440 --> 00:18:21.599 that potentially this bill may not pass this year. So 346 00:18:21.640 --> 00:18:25.359 here's the headline. US Claritiact unlikely to pass Senate Banking 347 00:18:25.359 --> 00:18:30.119 Committee before April, said Senator John Toon. So Alex Thorn 348 00:18:30.559 --> 00:18:35.119 of Galaxy Digital. He says, if Clarity doesn't pass committee 349 00:18:35.160 --> 00:18:37.640 by end of April, odds of passage in twenty twenty 350 00:18:37.640 --> 00:18:40.640 six become extremely low. This needs to hit the Senate 351 00:18:40.680 --> 00:18:44.079 floor by early May. Floor time is running out and 352 00:18:44.160 --> 00:18:47.759 odds diminish every day that passes. The framing right now 353 00:18:47.799 --> 00:18:51.000 is that the dispute over stable coin rewards is holding 354 00:18:51.039 --> 00:18:54.680 up to Clarity. But even if compromise is reached on rewards, 355 00:18:54.960 --> 00:18:59.680 there are likely to be other hurdles, possibly DeFi death protections, 356 00:18:59.799 --> 00:19:03.680 se see powers, or even ethics. Again, all right, I 357 00:19:03.759 --> 00:19:06.480 just talked about the Trump meme coin. You know, Elizabeth 358 00:19:06.519 --> 00:19:09.839 Warren and these bunch of people are gonna use the 359 00:19:09.920 --> 00:19:13.720 meme coin, saying, look look at the nonsense that's happening here. 360 00:19:13.759 --> 00:19:15.720 And this is why I again I wish Trump, But 361 00:19:15.759 --> 00:19:18.480 who the hell is advising him on these things. Stop 362 00:19:18.640 --> 00:19:22.759 with this bullshit meme coin and there's other things too, 363 00:19:22.799 --> 00:19:25.119 but the mean coins is it's an easy one. It's 364 00:19:25.160 --> 00:19:27.960 a it's an easy one, right. So this is where 365 00:19:28.519 --> 00:19:30.920 it pisses me off because we need to get this 366 00:19:31.000 --> 00:19:35.160 Clarity Act through and I'm concerned here that it's not 367 00:19:35.240 --> 00:19:37.920 looking like that with all the crap that's happening and 368 00:19:38.119 --> 00:19:41.079 Iran war and all that jazz with the Iran war 369 00:19:41.119 --> 00:19:44.440 and much more. And it's a midterm election year, so 370 00:19:45.160 --> 00:19:49.759 I don't know, guys. Hopefully we can get this done, hopefully, hopefully, 371 00:19:50.039 --> 00:19:53.440 but it's not looking good now. Most recently we heard about, 372 00:19:53.559 --> 00:19:56.039 you know, the NASAC New York Sock Exchange making big 373 00:19:56.079 --> 00:19:59.799 partnerships to investing crypto, as well as launch token is 374 00:19:59.839 --> 00:20:02.960 ation go twenty four to seven. And this article here 375 00:20:03.079 --> 00:20:05.559 does a great job summarizing what's happening. So I want 376 00:20:05.599 --> 00:20:07.640 to make sure I kind of rehash it so you 377 00:20:07.640 --> 00:20:10.319 guys are aware of it because it's such major news. 378 00:20:10.680 --> 00:20:13.440 So here's the headline from Coindez. Here's why NASDAC and 379 00:20:13.519 --> 00:20:15.599 the owner of the New York Stock Exchange are putting 380 00:20:15.599 --> 00:20:18.640 the one hundred and twenty six trillion dollar equity market 381 00:20:18.799 --> 00:20:22.279 on the blockchain. So as we've been talking about guys, 382 00:20:22.440 --> 00:20:25.839 capital markets, economies, and governments will all run on the 383 00:20:25.880 --> 00:20:30.400 blockchain rails. Wall Street's biggest exchanges are embracing digital assets 384 00:20:30.400 --> 00:20:32.839 by aiming to put the one hundred and twenty six 385 00:20:32.960 --> 00:20:36.680 trillion dollar equity market on blockchains, but they are not 386 00:20:36.839 --> 00:20:39.440 going at it alone. Rather, they are relying on crypto 387 00:20:39.480 --> 00:20:42.480 exchanges to get there. Over the past week, two of 388 00:20:42.519 --> 00:20:47.680 the world's most powerful exchange operators, NASDAC and Intercontinental Exchange 389 00:20:48.000 --> 00:20:50.079 also known as ICE, the parent company of the New 390 00:20:50.119 --> 00:20:53.720 York Stock Exchange, teamed up with the Digital Asset exchanges 391 00:20:53.759 --> 00:20:58.519 to merge equities with blockchains through tokenization. NASDAC is developing 392 00:20:58.519 --> 00:21:01.759 a framework that would allow publy listed companies to issue 393 00:21:01.759 --> 00:21:06.400 blockchain based versions of their shares while preserving traditional ownership 394 00:21:06.480 --> 00:21:09.920 rights and governments to distribute those tokenized stocks globally. The 395 00:21:09.960 --> 00:21:13.400 exchange is working with Payward, the parent company of crypto 396 00:21:13.400 --> 00:21:16.599 exchange Kraken. The offering will go live as soon as 397 00:21:16.640 --> 00:21:20.200 the first half of twenty twenty seven. Meanwhile, just days earlier, 398 00:21:20.279 --> 00:21:23.920 ICE revealed a strategic investment in crypto exchange OKX at 399 00:21:23.920 --> 00:21:28.039 a twenty five billion dollar valuation. That deal includes plans 400 00:21:28.079 --> 00:21:31.400 to launch new tokenized stocks and crypto futures, allowing the 401 00:21:31.480 --> 00:21:35.000