WEBVTT

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<v Speaker 1>Hey, everybody, welcome into the Thinking Crypto podcast. You're home

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

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

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

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

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<v Speaker 1>or Apple, please leave a five star rating and review. Okay, folks,

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<v Speaker 1>let's take a look at the price a bitcoin right now,

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<v Speaker 1>currently trading at just over one hundred and nine thousand dollars.

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<v Speaker 1>So the chop continues, and as we've been saying, we

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<v Speaker 1>have to be patient here. A lot of different things

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<v Speaker 1>are playing out. We still have some incredibly bullish milestones

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<v Speaker 1>coming up on the horizon with the FED ending QT,

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<v Speaker 1>the US government reopening, so more liquidity starts coming in.

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<v Speaker 1>You have the Crypto Market Structure Bill passing in the

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<v Speaker 1>Senate and of course being signed into law by Trump,

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<v Speaker 1>in addition to the flurry of all coin ETFs on

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<v Speaker 1>the SEC's desk to be approved, mainly xrpns ETFs. So

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<v Speaker 1>there's a lot of things on the horizon, but it's

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<v Speaker 1>very much a boring chop zone and we could see

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<v Speaker 1>further volatility. I wouldn't be surprised if bitcoin went down

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<v Speaker 1>and touched one hundred and six thousand dollars. But nevertheless,

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<v Speaker 1>it's all part of the process. And when you zoom out,

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<v Speaker 1>when in down, zoom out, you see we're still in

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<v Speaker 1>a bull market. We're still holding key support levels. And

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<v Speaker 1>you know, of course, other factors are things like bitcoin

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<v Speaker 1>dominance that has not broken down like we've seen in

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<v Speaker 1>previous bull market cycles. And right now bitcoin dominance is

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<v Speaker 1>actually on the rise. It's been showing some strength here,

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<v Speaker 1>so I do believe eventually it's going to roll over.

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<v Speaker 1>And here's a couple of analysts have shared their charts,

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<v Speaker 1>so Wrecked Capital says bitcoin dominance has monthly closed below

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<v Speaker 1>sixty point two zero percent, which technically continues to solidify

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<v Speaker 1>this level as resistance. As a result, bitcoin dominance remains

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<v Speaker 1>within the fifty seven point sixty eight percent two these

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<v Speaker 1>sixty point two twenty percent unless bitcoin dominance is able

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<v Speaker 1>to reclaim sixty point two zero percent as support in

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<v Speaker 1>the short term, additional consolidation to the downside within the

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<v Speaker 1>ranges on the cards or in the cards. So this

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<v Speaker 1>is where again, patients, right, the market's going to do

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<v Speaker 1>with thing you're going to see bitcoin dominance rise again,

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<v Speaker 1>and then I believe it's going to eventually roll over,

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<v Speaker 1>and that could be the final phase where I think

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<v Speaker 1>this bullmarket runs into twenty twenty six. And in fact,

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<v Speaker 1>today I tweeted out about it where I said the

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<v Speaker 1>following I said, I'm not sure why many are overlooking

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<v Speaker 1>the impact that the tariff situation has had on the

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<v Speaker 1>crypto market timeline since the crash in early twenty twenty five.

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<v Speaker 1>I've been saying that the prolonged correction after the Q

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<v Speaker 1>four twenty twenty four rally is going to shift things.

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<v Speaker 1>We saw bitcoin hitting new all time high in August,

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<v Speaker 1>which is unusual, and then we had another tariff surprise

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<v Speaker 1>from Donald Trump, you know, in October thirteenth. Of course,

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<v Speaker 1>that was another row block, and I said, I believe

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<v Speaker 1>this bullmarket will continue into Q one, twenty twenty six.

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<v Speaker 1>Now that's not my feelings or emotions, but just based

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<v Speaker 1>on facts. Right, Like I've said many times, I have

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<v Speaker 1>skin in the game. I want to make money and

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<v Speaker 1>I don't want to make foolish decisions here, so I'm

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<v Speaker 1>looking at the data. Obviously I don't have a crystal ball,

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<v Speaker 1>but based on the data. I believe the bullmarket thesis highest,

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<v Speaker 1>the higher probability of pulling out versus a bear market thesis. Right,

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<v Speaker 1>some other things that I want to highlight here Crypto

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<v Speaker 1>currently you can check out his channels that he does

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<v Speaker 1>some great analysis. Gave a great breakdown of Bitcoin's chart

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<v Speaker 1>showing three possible scenarios. So he says Bitcoin is still

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<v Speaker 1>above it's fifty week moving average. Therefore the full reset

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<v Speaker 1>scenario remains the bull case. Could the cycle be over,

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<v Speaker 1>of course, but as long as we maintain the macro structure,

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<v Speaker 1>I still stick with the trend. This is what I've

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<v Speaker 1>been sharing, right, that the macro structure is still intact.

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<v Speaker 1>So on his chart that he provided, he had as

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<v Speaker 1>a final push as the most possible. So that means

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<v Speaker 1>bitcoin rallies into the end of the year, which takes

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<v Speaker 1>us to about one hundred and forty k ish. He

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<v Speaker 1>has a full reset, which means additional pullback is necessary

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<v Speaker 1>and there's a prolonged consolidation, but that allows us to

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<v Speaker 1>go into higher high so higher prices beyond one hundred

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<v Speaker 1>and fifty. And the third scenario is the unlikely one,

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<v Speaker 1>which is it's over and we're going to start seeing

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<v Speaker 1>collapse into a down trend. Now, until this macrostructure breaks,

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<v Speaker 1>we can't say that yet, right, but with the full

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<v Speaker 1>reset scenario that is playing out into twenty twenty six,

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<v Speaker 1>so that could He says, that's a likely scenario. So

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<v Speaker 1>let's see, folks again, no one has a crystal ball,

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<v Speaker 1>and we're going to look at the data and what

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<v Speaker 1>we have here and try to navigate the market, not

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<v Speaker 1>be emotional. Right, people are getting very emotional, very depressed.

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<v Speaker 1>People are out there saying this bull market sucks and

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<v Speaker 1>much more. But I think people are so caught up

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<v Speaker 1>into four years cycle of well, Bitcoin must have topped

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<v Speaker 1>at this point because it's x amount of days and

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<v Speaker 1>the other bull markets are X amount of days. But

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<v Speaker 1>what we've seen in the top has progressively gone out

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<v Speaker 1>further each cycle. So that's a fact, right, And we

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<v Speaker 1>have to expect that things are going to be different.

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<v Speaker 1>Just look at what happened in twenty twenty one. We

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<v Speaker 1>had a double peak, right, You had a major top

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<v Speaker 1>local top in April I believe it was of twenty

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<v Speaker 1>twenty one. Then later on in the year Bitcoin rally

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<v Speaker 1>to new highs. So this is where things can be different,

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<v Speaker 1>and we want to look at different data sets and

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<v Speaker 1>different factors that have signaled the top, and we're not

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<v Speaker 1>seeing a lot of them. Yes, there are bearers things

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<v Speaker 1>on the charts, but we haven't seen all those respective factors.

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<v Speaker 1>And of course one of the things we continue to

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<v Speaker 1>follow is global liquidity. Here macro Investor Rale Powell gave

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<v Speaker 1>a great update, shared multiple charts and says I usually

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<v Speaker 1>like to give you a small fragment of global macro

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<v Speaker 1>Investor when I sit down to write it, as I

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<v Speaker 1>did with this weekend. Crypto is driven by liquidity. As

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<v Speaker 1>you know, for total two ees to break higher, you

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<v Speaker 1>need liquidity to make new highs. The government shutdown and

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<v Speaker 1>the TGA that's the Treasury General Account delayed it, but

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<v Speaker 1>the everything code is in the process by which the

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<v Speaker 1>debts get monetized, and due to the extension of the

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<v Speaker 1>debts to five years, the largest part of the liquidity

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<v Speaker 1>lies ahead. The liquidity flood is building and the government

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<v Speaker 1>reopening will be the start of a multi vector liquidity

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<v Speaker 1>injection from the Treasury General Account to the PBOC balance sheet,

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<v Speaker 1>from bank reserves to the end of QT and more.

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<v Speaker 1>Macro is a long game. You need patients for it

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<v Speaker 1>to play out. So I'm in full agreement with this,

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<v Speaker 1>not because it's just rousing it, but because I've done

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<v Speaker 1>my own research here and going through all these different

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<v Speaker 1>things and taking the time and going through it with

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<v Speaker 1>a fine tooth comb to make sure that I fully

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<v Speaker 1>grasp all these things and what's happening. And folks, again,

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<v Speaker 1>I still see we are in a bullmarket. Yes, we

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<v Speaker 1>are in a correction right now. Yes it's boring, Yes

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<v Speaker 1>it feels depressing and all that. Right, but stick to

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<v Speaker 1>the data and let's make sure we're focused on that

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<v Speaker 1>as our north star, so to speak. And you know, look,

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<v Speaker 1>Trump and his situation and the tariffs has thrown a

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<v Speaker 1>curveballt in this bull market to us. I think we

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<v Speaker 1>all have to admit that, right that was a black

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<v Speaker 1>swan event that we saw at the beginning of this year,

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<v Speaker 1>and we're still experiencing some of it, Like I said,

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<v Speaker 1>October thirteenth with Trump and you know, the China announcement

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<v Speaker 1>and then some whale you know, took a massive shorts

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<v Speaker 1>some insider trading there, I believe, and I think we're

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<v Speaker 1>still feeling the after effects of that. So we really

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<v Speaker 1>got to be patient here. But the macro structure is

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<v Speaker 1>still intact now, folks. This episode is brought to you

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<v Speaker 1>by Treasure, which makes beautiful hardware wallets. I'm a user

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<v Speaker 1>of the Treasure Save five and a new Treasure Safe

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<v Speaker 1>They created the hardware wall is, they created the seed

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<v Speaker 1>phrase setup, so they have the pedigree. They started it all, folks,

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<v Speaker 1>even new coins such as black Rocks, Biddle and much more.

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<v Speaker 1>And they have a great software. It helps you to

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<v Speaker 1>manage all of this and the device and in the application.

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<v Speaker 1>So the Treasure Suite allows you to easily manage your coins,

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<v Speaker 1>And don't worry, they don't ask for your private keys,

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<v Speaker 1>so you always have control of your private keys. No

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<v Speaker 1>one is going to take that from you. You just

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<v Speaker 1>have to make sure you do the proper security protocols

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<v Speaker 1>of protecting it right. So Treasure offers a variety of

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<v Speaker 1>of the Treasure Save five and you can check out

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<v Speaker 1>the new device that they have which is quantum proof

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<v Speaker 1>new build. It's amazing. I was at the Treasure event

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<v Speaker 1>in Prague many of you know, just about a couple

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<v Speaker 1>of weeks ago, and just going through the device, it's

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<v Speaker 1>amazing all the new features they have on this. And folks,

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<v Speaker 1>if you use my code thinking crypto all when word

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<v Speaker 1>thinking crypto, you can get five percent off that is

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<v Speaker 1>not available on the Treasurers Save seven as though that's

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<v Speaker 1>and the other products, So just a heads up on that.

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<v Speaker 1>So once again, great Harvey Wald. I'm a user. I'm

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<v Speaker 1>a believer in self custody. So check them out, guys.

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<v Speaker 1>Link will be in the description. Now, folks, we got

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<v Speaker 1>some crazy news coming out here about Trump and Cz.

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<v Speaker 1>We heard recently that Trump pardoned Binance founder Cz. And

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<v Speaker 1>there's a report saying that he knows Trump said in

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<v Speaker 1>an interview that he knows nothing about the Binance CZ's pardon.

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<v Speaker 1>Now there's a bit of a controversy because the clip

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<v Speaker 1>is from sixty minutes and it seems to be cut

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<v Speaker 1>off where Trump continued, you know, maybe saying he does

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<v Speaker 1>know by the part and he just doesn't know Caz personally.

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<v Speaker 1>And one user posted a clip. I'm not gonna play

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<v Speaker 1>it because sixty minutes keeps copywriting me. But he said,

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<v Speaker 1>Trump said he doesn't know Caz personally, but not about

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<v Speaker 1>the part in itself. Here's the clip. They appear to

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<v Speaker 1>cut him off before he finished his answer. And look,

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<v Speaker 1>this is messy, man, And this is the double edged

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<v Speaker 1>sort of Donald Trump. Right, And look, I'm an independent,

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<v Speaker 1>so I don't have a horse here in a race

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<v Speaker 1>here necessarily that Okay, I'm a Republican or a Democrat,

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<v Speaker 1>and I like to call it like it is. I'll

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<v Speaker 1>criticize anybody who's not doing something right, and I'll praise

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<v Speaker 1>anybody who's doing things right right. We want to be

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<v Speaker 1>logical and reasonable, not to be cult followers here. So

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<v Speaker 1>Trump has been a double edged sort. I told you

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<v Speaker 1>guys many times I hate the Trump mean cooin like

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<v Speaker 1>no president, no political officials, should have that. But I'm

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<v Speaker 1>very thankful for what Trump has done for the crypto market,

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<v Speaker 1>you know, with regulations and getting the right people in

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<v Speaker 1>play and getting rid of Gary Gancer. I'm very happy

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<v Speaker 1>and thankful for that. But you know, Trump has taken

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<v Speaker 1>up advantage a bit of this acid class. Let's be

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<v Speaker 1>real with that meme coin. We're Liberty Financial, and you're

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<v Speaker 1>just seeing a lot of controversy now which his political

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<v Speaker 1>opponents are going to use against him, like people buying

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<v Speaker 1>the world Liberty Financial stable coin and all kinds of stuff. Right,

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<v Speaker 1>and it's it's just messy. It's getting so messy now, right,

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<v Speaker 1>we're past the kind of the honeymoon phase and it's like, man,

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<v Speaker 1>just pump the brakes, do just let the crypto legislation

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<v Speaker 1>get through, you know, do do the right thing. Of course,

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<v Speaker 1>which he has been doing a lot of right things.

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<v Speaker 1>But I don't think it's Trump per se doing these things.

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<v Speaker 1>It's his kids. It's Eric and Don Junior. They're the ones, right.

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<v Speaker 1>I don't think Trump is up looking at meme coins

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<v Speaker 1>and all that stuff. It's the kids. But they they're

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<v Speaker 1>crossing a line in certain places. And you can see

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<v Speaker 1>Donald Trump is himself is like, yeah, you know, it's

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<v Speaker 1>just messy, man. So I hope you guys appreciate it.

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<v Speaker 1>I'm just being candid, right, I'm being very candid here,

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<v Speaker 1>and some people are gonna get mad at me because

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<v Speaker 1>they love politicians, don't. I don't worship politicians. Man. Yes,

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<v Speaker 1>we vote, yes, we picked the candidate we feel his best.

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<v Speaker 1>But there are people who just worship politicians, and we

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<v Speaker 1>shouldn't be doing that. We should hold our up politicians accountable.

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<v Speaker 1>They're here, they're in office to serve us the people, right.

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<v Speaker 1>But man, things are getting really messy here. And you know,

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<v Speaker 1>we talked earlier about the terriff situation and the impact

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<v Speaker 1>that it has had on the crypto market. So it's

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<v Speaker 1>again double edged sword here we're dealing with and it's

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<v Speaker 1>getting messy. Man. Now, speaking of cz Uh, he himself

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<v Speaker 1>has been like pumping Astor to token that's built on

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<v Speaker 1>the finance marchain. So here Astor token goes flying after

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<v Speaker 1>a SZI reveals two point five million dollar personal mistake,

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<v Speaker 1>and today he published that he invested, you know more

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<v Speaker 1>into the aster token, So people are kind of calling

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<v Speaker 1>him out on it. Look at the end of the day, man,

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<v Speaker 1>it is what it is. I didn't even know what

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<v Speaker 1>to say it anymore. This is why I'm just waiting

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<v Speaker 1>for this market to run up. I'll take my profits

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<v Speaker 1>and I'm and you know, whatever happens after that, and

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<v Speaker 1>you know, with the bear market and so forth, and

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<v Speaker 1>they let it be, I'll just be backing up the

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<v Speaker 1>truck buying to dip again, you know, when when it's

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<v Speaker 1>bloody and everybody's calling crypto scam again. Right, And so

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<v Speaker 1>I don't hold the asker token. I don't know if

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<v Speaker 1>any of you do, but this one's you know, close

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<v Speaker 1>to binance. Of course, Now look at this coin based

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<v Speaker 1>mules two billion dollar bv N case startup acquisition and

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<v Speaker 1>stable coin push man. The acquisitions, the mergers that are

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<v Speaker 1>happening is incredible. And of course we've got a lot

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<v Speaker 1>of companies looking to do IPOs, master the card, you know,

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<v Speaker 1>just this week did a massive acquisition. It's just it's

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<v Speaker 1>mind blowing to see these things happen. But it signs

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<v Speaker 1>up a bull market, it signs of a maturing, growing

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<v Speaker 1>acid class. And you know, I recently interviewed I believe

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<v Speaker 1>it was Brandon mobile Hill excuse me, have crossover markets

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<v Speaker 1>and he said, once the market Structure Bill has passed,

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<v Speaker 1>the CLARITIAC You're going to see the big banks and

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<v Speaker 1>many of the old Wall Street firms go buy up

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<v Speaker 1>a ton of these crypto native firms, startups and so forth,

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<v Speaker 1>because they have the capital and they want to, you know,

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<v Speaker 1>take over as much of the market as possible. So

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<v Speaker 1>how do you do that quickly? You go make some acquisitions. Right, So,

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<v Speaker 1>I think we're going to see a lot of M

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<v Speaker 1>and A, you know, once that Market Structure Bill passes.

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<v Speaker 1>And this is why I believe, guys, this bull market

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<v Speaker 1>is not over. There's just so much on the table

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<v Speaker 1>with that Market Structure Bill and the impact in addition

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<v Speaker 1>to other factors that I don't believe this thing is

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<v Speaker 1>top yet. Now there will be a top, and you know,

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<v Speaker 1>that could lead us into a recession, you know everything

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<v Speaker 1>else that's happening, And maybe that is the catalyst for

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<v Speaker 1>the Fed to go full on Q where they stop printing,

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<v Speaker 1>because we've seen this story before, right, if the recession

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<v Speaker 1>gets too bad, they're going to print their way out

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<v Speaker 1>of it. And this is why we continue to diversify

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<v Speaker 1>into assets. And while we put our money in crypto,

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<v Speaker 1>it's the fastest horse in the race as far as assets.

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<v Speaker 1>So let me give it to details. So Coinbase, the

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<v Speaker 1>world's third largest crypto exchange, is continuing its stablecoin push

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<v Speaker 1>after key legislation in the United States sparked a renewed

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<v Speaker 1>wave of corporate interest in blockchain based payments. Coin based

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<v Speaker 1>exchange is reportedly in late stage talks to acquire stable

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<v Speaker 1>coin infrastructure startup BVNK in a two billion dollar deal.

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<v Speaker 1>According to a report by Bloomberg. The two billion dollar

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<v Speaker 1>acquisition is expected to close later this year or early

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<v Speaker 1>twenty twenty six, pending due diligence from the exchange. According

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<v Speaker 1>to an anonymous source, the staplecoin push could bring an

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<v Speaker 1>additional source of revenue for Coinbase, which primarily relies on

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<v Speaker 1>cryptocurrency trading fees to generate profits. So Coinbase continues to

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<v Speaker 1>make massive moves and and in fact, tomorrow morning, I'll

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<v Speaker 1>be publishing my interview with one of the coin bas

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<v Speaker 1>reps where we talk about their bitcoin loan product and

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<v Speaker 1>their Samsung partnership. So stay tuned for that, make sure

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<v Speaker 1>you subscribe. And one of the things I said most

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<v Speaker 1>recently is we heard rumors that coinbase is planning to

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<v Speaker 1>launch a token on base, which is there a theorem

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<v Speaker 1>layer two and I said, I'll buy it a token

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<v Speaker 1>because all the things that are happening here, and you

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<v Speaker 1>know they're going to build and push a lot of

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<v Speaker 1>things on base, so you know that's that's something I'm

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<v Speaker 1>sharing my thoughts, you know, things that I'm thinking about

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<v Speaker 1>and doing, and obviously not financial advice. Do your own research,

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<v Speaker 1>but I'm sharing what I'm doing and obviously i'll let

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<v Speaker 1>you guys know if I do take a position. All right,

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<v Speaker 1>final news item here, and I don't want to play

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<v Speaker 1>it because there's this video because I'm going to get

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<v Speaker 1>copy readed. But trust me when I tell you the

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<v Speaker 1>IMF today put out an explainer on tokenization and it's

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<v Speaker 1>just blown I'm just once again, I'm blown away. You

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<v Speaker 1>got the IMF, you got these central banks, you got

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<v Speaker 1>the Bank of International Settlements and a lot of these

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<v Speaker 1>global firms and associations teaching people about crypto and blockchain

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<v Speaker 1>and tokenization. Man, We've come a far away, a really

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<v Speaker 1>really far away, and I think all these governments and

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<v Speaker 1>central banks are ready to adopt blockchain, so now they're

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<v Speaker 1>educating people about it. Man, so bullish, So you know,

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<v Speaker 1>if you're bearish, I don't know what you're looking at

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<v Speaker 1>You got to look at the full picture here, and

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<v Speaker 1>I'm bullish man. I'm seeing a lot of things here

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<v Speaker 1>that are positive. So folks, that's the news. Let me

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<v Speaker 1>know what you think. Leave your thoughts and comments below

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<v Speaker 1>hit the thumbs up button. If you appreciate this content,

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<v Speaker 1>please subscribe to my free email newsletter. It is one

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<v Speaker 1>hundred percent free. Link will be in a description. I

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<v Speaker 1>put out a write up yesterday. Check it out and

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<v Speaker 1>check out my book on Amazon. It's available in paperback,

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<v Speaker 1>in digital, and my course at Mycrypto course dot com.

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<v Speaker 1>This is a comprehensive course that teaches you everything that

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<v Speaker 1>you need to know about crypto folks, thank you so

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<v Speaker 1>much for tuning in. I appreciate you all, and I'll

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<v Speaker 1>talk to you all later.