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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto Podcasts. 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 hit that subscribe button as

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<v Speaker 1>well as the 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. Folks,

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<v Speaker 1>I know it's the boring zone. I know Bitcoin and

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<v Speaker 1>all coins have not been doing anything. It's this summer lull.

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<v Speaker 1>It's been so boring, so aggravating, so annoying. I'm sure

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<v Speaker 1>many of you are feeling it, and I see some

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<v Speaker 1>people getting bearish. I'm not bearish. I'm still bullish because

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<v Speaker 1>I believe we are in a macro bull market for

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<v Speaker 1>crypto stocks, real estate and so forth. But market cycles

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<v Speaker 1>have to play out. I've been in this market since

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<v Speaker 1>twenty sixteen. I've seen multiple bull markets and bear markets, so, folks,

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<v Speaker 1>I've seen this story before, and we have to be

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<v Speaker 1>patient and way through all of this sideways chop and

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<v Speaker 1>boring action. Right And I know we're all waiting for

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<v Speaker 1>higher prices and it will come, but remember we are

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<v Speaker 1>still in the having years. You go back and you

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<v Speaker 1>look at the history of bitcoin, things really start taking

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<v Speaker 1>off as we get into Q four of the having

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<v Speaker 1>year into the next year. And here is a great

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<v Speaker 1>chart that was shared by Dan Hill, who is bitcoin

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<v Speaker 1>og And what this chart shows, folks, is bitcoins price

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<v Speaker 1>action after the US elections, which once again ties into

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<v Speaker 1>the normal schedule so to speak, or movement of the

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<v Speaker 1>market that we've seen in the four year cycle with

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<v Speaker 1>the having. Now we know the having itself is not

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<v Speaker 1>the major catalyst. It's global equidity. And global liquidity is

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<v Speaker 1>usually pumped by the incumbents sitting in the presidential election

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<v Speaker 1>chair who want to have the stock market and the

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<v Speaker 1>economy look as best as possible. So right now we

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<v Speaker 1>are on track and we're actually at a normal pace

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<v Speaker 1>compared to the past market cycles. And the chart shows

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<v Speaker 1>that after the US elections going into the new year,

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<v Speaker 1>you have significant movement from the markets. You can go

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<v Speaker 1>look this up on Trading View folks and look at

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<v Speaker 1>the bigcoin charts and it will show you this. It's

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<v Speaker 1>pretty amazing. It's cyclical, right, and that's because once again,

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<v Speaker 1>because of global liquidity, the money printer that's used by

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<v Speaker 1>the sitting incumbent and the whole process of politics and

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<v Speaker 1>making things look good for the election. So we just

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<v Speaker 1>got to be patient, go through the cycles. The Fed

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<v Speaker 1>is going to cut rates next month literally tomorrow's September,

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<v Speaker 1>the first of September, and we're going to see possibly

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<v Speaker 1>some additional liquidity injections from Janet Yellen at the Treasury,

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<v Speaker 1>which we've been tracking over the past year, and she's

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<v Speaker 1>been doing it. I call it q E two point

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<v Speaker 1>zero stealth QE, and it's backdooring of liquidity guys. And

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<v Speaker 1>they're going to go back to the normal quantitative easing

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<v Speaker 1>money printing stuff. But they've been and really trying to

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<v Speaker 1>protect the economy as best as possible because we are

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<v Speaker 1>in a place where things are not great. And I'm

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<v Speaker 1>not saying that because I'm a Republican or I'm a

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<v Speaker 1>Democrat or whatever. I'm just stating the fact. So I know,

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<v Speaker 1>we are in a very hyper politicized moment and people

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<v Speaker 1>you know right away if you say something, oh, yeah,

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<v Speaker 1>Harris is crazy or Trump is crazy, where they bring

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<v Speaker 1>in the political candidates versus looking at the macro and

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<v Speaker 1>that regardless of who the candidate is, these are things

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<v Speaker 1>that happen from a cyclical standpoint, because of the dynamics

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<v Speaker 1>of politics and power and the money printerion, all that jazz.

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<v Speaker 1>So I'm expecting, guys, as we head into later the

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<v Speaker 1>latter half of September into Q four starting in October,

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<v Speaker 1>we're going to start to see the markets move. And

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<v Speaker 1>remember Bitcoin was ahead of schedule this year because of

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<v Speaker 1>that Bitcoin ETF buying from all those issuers right Black

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<v Speaker 1>Rock and so forth, so it ran up very fast.

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<v Speaker 1>It hit a new all time high before the having

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<v Speaker 1>never did that before. So the cool down and corrections

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<v Speaker 1>we're experiencing now are actually helping us get back on

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<v Speaker 1>track and on pace with how the markets have moved historically.

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<v Speaker 1>So this is a great chart and just another data

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<v Speaker 1>point that shows us where we're at in the cycle. Guys,

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<v Speaker 1>Barren released some interesting data on crypto wealth. It's titled

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<v Speaker 1>Worldwide Crypto Wealth Statistics. Nate Jerasi of the ETF Store

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<v Speaker 1>summarized it a bit. He said, the number of crypto

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<v Speaker 1>millionaires nearly doubled to one hundred and seventy two thousand,

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<v Speaker 1>three hundred in twelve months ending on June thirtieth, so

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<v Speaker 1>earlier this year, now three hundred and twenty five cryptos

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<v Speaker 1>sent to Millionaires twenty eight Crypto Billionaires. Very interesting, folks.

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<v Speaker 1>Crypto is minting a lot of millionaires and billionaires, and

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<v Speaker 1>will you be one of the millionaires. I don't know

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<v Speaker 1>how many of you listening or watching to this have

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<v Speaker 1>enough crypto acid holdings where you can hit the billionaire category,

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<v Speaker 1>or maybe you've been compounding going back to twenty eleven

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<v Speaker 1>twenty fourteen when bitcoin is very cheap. But I don't

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<v Speaker 1>think any anybody listening is in that category. But some

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<v Speaker 1>of you may be in the millionaire category come the

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<v Speaker 1>peak of this cycle as you start taking profits. Now

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<v Speaker 1>you have to take profits or you know, it's just

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<v Speaker 1>your gains on paper, which can easily be reduced if

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<v Speaker 1>you go into the bear market cycles. So this is fascinating,

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<v Speaker 1>and I think we're going to see more and more

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<v Speaker 1>of this and as people start to diversify into bitcoin

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<v Speaker 1>and crypto. So this is really fascinating, folks, and I'm

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<v Speaker 1>hoping for all many of you watching and listening that

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<v Speaker 1>you enter into that millionaire category. Folks. A great place

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<v Speaker 1>you can buy crypto such as bitcoin and all coins

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<v Speaker 1>is an uphold. This is a platform I've been using

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<v Speaker 1>since twenty eighteen. They have two hundred and sixty plus cryptocurrencies.

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<v Speaker 1>They're available in over one hundred and fifty countries. You

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<v Speaker 1>can also trade precious metals on this platform, such as goldsilver, platium,

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<v Speaker 1>and platinum. One of the great features of uphold is

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<v Speaker 1>that it is fully reserved. They don't com mingle or

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<v Speaker 1>lend out your funds, and they have transparency reports which

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<v Speaker 1>you can go and review and audit yourself. So this

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<v Speaker 1>is a great platform. Once again, I've been using for

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<v Speaker 1>a long time, so I can vouch for it. If

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<v Speaker 1>you'd like to learn more about uphold, check out the

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<v Speaker 1>link in the description Now folks, Today, Brian Armstrong, the

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<v Speaker 1>CEO of coinbase, tweeted out a great article that he

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<v Speaker 1>pretty much wrote on x articles or Twitter articles. The

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<v Speaker 1>title is ais are now paying other ais with crypto folks.

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<v Speaker 1>This is huge. We know AI is part of in

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<v Speaker 1>this tech industrial revolution that we're in right with AI, blockchain,

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<v Speaker 1>crypto evs, you got robotics, there's so many things happening right.

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<v Speaker 1>It is indeed the next industrial revolution similar to what

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<v Speaker 1>took place in the late eighteen hundreds into the early

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<v Speaker 1>nineteen hundreds, and AI and crypto and blockchain, and they're

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<v Speaker 1>going to share a very symbiotic relationship or have a

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<v Speaker 1>very symbiotic relationship where crypto can be used by AIS

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<v Speaker 1>to process transactions and do payments and so forth, and

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<v Speaker 1>you can use the blockchain to help police AI. So

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<v Speaker 1>this is going to be a big part of the

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<v Speaker 1>future and how we operate and how the economy will

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<v Speaker 1>run and how businesses will run well, Brian said. This

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<v Speaker 1>week at coinbase dev we witnessed our first AI to

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<v Speaker 1>AI crypto transaction. What did the AI buy from another?

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<v Speaker 1>Tokens not cryptotokens, but AI tokens words, basically from one

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<v Speaker 1>language learning machine to another. They use tokens to buy tokens.

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<v Speaker 1>AI agents cannot get bank accounts, but they can get

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<v Speaker 1>crypto wallets. They can now use USDC to stable coin

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<v Speaker 1>on base, which is Coinbase's layer two for our etherorem

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<v Speaker 1>to transact with humans, merchants or other AIS. These transactions

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<v Speaker 1>are in then global and free, folks. This is going

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<v Speaker 1>to be a big part of crypto adoption in addition

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<v Speaker 1>to other things. But as I'm sure many of you

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<v Speaker 1>are already seeing on the horizon, there's going to be

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<v Speaker 1>tons of AI agents in different industries and different niche

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<v Speaker 1>doing different things, and part of how they can participate

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<v Speaker 1>in the economy, they have to be able to transact

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<v Speaker 1>and make payments and receive payments. And as Brian mentioned

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<v Speaker 1>here in the article, they can't open bank accounts, but

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<v Speaker 1>crypto wallets they can have that. So I hope you

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<v Speaker 1>see where we're headed and what a big part of

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<v Speaker 1>the economy stable coins and crypto and blockchain will have

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<v Speaker 1>even for AI agents, right, and remember, in order to

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<v Speaker 1>verify all these things, you need the blockchain. So this

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<v Speaker 1>makes me so bullish for the future application of crypto,

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<v Speaker 1>not just tokenization of all those assets and traditional financial

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<v Speaker 1>assets that we've been talking about for a long time,

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<v Speaker 1>but also the fact that AI agents can use these things.

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<v Speaker 1>And look, the world's going to be a very different

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<v Speaker 1>place one hundred years from now. Think about the nineteen hundred, right,

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<v Speaker 1>and then one hundred years from there to the year

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<v Speaker 1>two thousand and where we're at right now in twenty

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<v Speaker 1>twenty four. What a different world, same thing happening here

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<v Speaker 1>right with AI as mentioned all those technologies, how the

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<v Speaker 1>world will be fifty to one hundred years now. It's

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<v Speaker 1>going to be incredible, And I think it's going to

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<v Speaker 1>move faster because of the Internet. Everybody's connected on the Internet, smartphones, laptops, computers,

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<v Speaker 1>all that stuff, right, Versus the massive infrastructure that had

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<v Speaker 1>to be built for the last Industrial revolution, you know,

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<v Speaker 1>with cars and highways and building airports and trains and

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<v Speaker 1>planes and rocket ships and all that stuff. Right, the Internet,

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<v Speaker 1>what you don't have to build anything. The Internet's already here,

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<v Speaker 1>that's the super highway, and everything's running digitally now. So

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<v Speaker 1>it's going to move faster. So one could argue I

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<v Speaker 1>don't have to mention one hundred years, no, but I

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<v Speaker 1>can say fifty years from now, the world's going to

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<v Speaker 1>be very different. Brian continues here, saying this is an

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<v Speaker 1>important step to AIS getting useful work done today. If

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<v Speaker 1>you give an AI agent a task and come back

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<v Speaker 1>a few days or hours, it can't get useful work done.

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<v Speaker 1>In part, this is a limitation of the technology itself,

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<v Speaker 1>and products like devint ai are getting closer to this.

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<v Speaker 1>But the other reason is AIS can't transact to acquire

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<v Speaker 1>the resources they need. They don't have a credit card

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<v Speaker 1>to use for Amazon Web Services, GitHub or versa. They

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<v Speaker 1>don't have a payment method to book you the plane

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<v Speaker 1>ticket or hotel for your upcoming trip. They can get

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<v Speaker 1>through paywalls, for instance, to read a scientific article, promote

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<v Speaker 1>their posts on x with a paid ad, or use

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<v Speaker 1>the growing network of paid APIs to integrate data they need.

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<v Speaker 1>So this is amazing, and shout out to coinbase for

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<v Speaker 1>doing this. This is getting ahead of the curve and

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<v Speaker 1>it's the future. Sure, folks, I think you all see

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<v Speaker 1>the writing on the wall here right where we're headed.

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<v Speaker 1>And even though some of you may not like it,

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<v Speaker 1>because you know, there's some of this that does make

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<v Speaker 1>my stomach churn because I grew up in a time

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<v Speaker 1>before smartphones and while there was the Internet, it was

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<v Speaker 1>dial up. You know, we weren't so connected everywhere. So

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<v Speaker 1>some of this I embrace because it is what it is.

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<v Speaker 1>I have to use it. I have to participate in

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<v Speaker 1>the economy. I have to make money, I have to

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<v Speaker 1>grow my business. And some of it, you know, I'll

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<v Speaker 1>watch them afar and study it, but I won't participate.

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<v Speaker 1>But the fact that these AI agents can do these things,

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<v Speaker 1>it's amazing and very beneficial to crypto and that's where

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<v Speaker 1>I'm most interested in. And the fact that it can

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<v Speaker 1>be used the police. AI as well. So very fascinating

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<v Speaker 1>things here, and I would love to hear what you

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<v Speaker 1>guys have to think about this. I think this is

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<v Speaker 1>very bullish with crypto. All right, moving ahead, guys, we've

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<v Speaker 1>been talking about crypto becoming this political force, having incredible

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<v Speaker 1>amounts of money are capital in this election cycle. I

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<v Speaker 1>believe they are the number one spender. It does fluctuate

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<v Speaker 1>a bit, they are number one, number two sometimes, but

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<v Speaker 1>we know fair shake the super Pac raised over two

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<v Speaker 1>hundred million dollars from coinbase, Ripple, A, sixteen Z and

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<v Speaker 1>many others, and mainstream media is starting to cover this.

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<v Speaker 1>CNBC one of their hosts was talking about this and

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<v Speaker 1>they reported that almost half of all corporate money raised

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<v Speaker 1>for the presidential election is from bitcoin and crypto. Here's

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<v Speaker 1>a quote. They're outspending big oil and banks and so far,

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<v Speaker 1>where the crypto cash is going, wins have followed. I've

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<v Speaker 1>been sharing this with you guys, right. Those people who

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<v Speaker 1>are anti crypto, who have aligned themselves with Elizabeth Warren

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<v Speaker 1>have been taking massive hits in the primaries, also on

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<v Speaker 1>Super Tuesday, and that's a good thing because these people

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<v Speaker 1>are many of them are cronies to Elizabeth Warren, who

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<v Speaker 1>of course leads the anti crypto army, has Gary Gencer

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<v Speaker 1>as a dog on the leash rights and weaponized to

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<v Speaker 1>attack this industry. So I love this and money talks.

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<v Speaker 1>We know how it goes in Washington, DC, folks. Right,

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<v Speaker 1>we didn't make the rules, we're just playing by them.

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<v Speaker 1>And this is a sign of what's to come. I

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<v Speaker 1>think as mainstream media starts to highlight this, people are

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<v Speaker 1>going to wake up to all the nonsense Elizabeth Warren's

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<v Speaker 1>been doing and the reason why crypto had to go

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<v Speaker 1>this ride, and why we had to raise over two

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<v Speaker 1>hundred million dollars and support the pro crypto candidates and

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<v Speaker 1>go against those who are anti crypto. So big things

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<v Speaker 1>are ahead. This industry is not some little kid in

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<v Speaker 1>the corner anymore. It's a full grown adult and ready

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<v Speaker 1>to punch back against the bully right folks. So it's

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<v Speaker 1>pretty amazing. Now. I want to share something here from

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<v Speaker 1>Dennis Porter, who heads up the Satoshi Action Fund, which

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<v Speaker 1>is an advocacy group similar to the Blockchain Association and

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<v Speaker 1>the Digital Chamber. They're in DC educating members of Congress,

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<v Speaker 1>members of the Senate, and so forth to learn about

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<v Speaker 1>crypto help get legislation through. So Dennis is a great guy.

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<v Speaker 1>They've been doing a lot of great work, guys. He's

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<v Speaker 1>been getting a lot of bills pushed through in the States,

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<v Speaker 1>and he's been doing a lot of data and research

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<v Speaker 1>that can be used by academics and even people in DC.

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<v Speaker 1>So he tweeted out new peer reviewed research firmly backs

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<v Speaker 1>up claims that bitcoin mining is a powerful tool for

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<v Speaker 1>reducing methane emissions. This groundbreaking paper highlights the ability for

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<v Speaker 1>bitcoin mining to utilize methane from landfills. Methane is twenty

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<v Speaker 1>eight x more potent for warming than carbon dioxide. Mitigating

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<v Speaker 1>methane has very positive impacts on the environment. This is great,

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<v Speaker 1>but you need data, you need actual metrics that comes

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<v Speaker 1>from a credible source to back it up. So they

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<v Speaker 1>were able to do that and put together this research paper.

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<v Speaker 1>And once again this is going to be used by

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<v Speaker 1>big publications and in government research and so forth. So

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<v Speaker 1>very smart move. And we know a lot of the

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<v Speaker 1>blow off energy and excess energy and things like methane

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<v Speaker 1>and so forth can be monetized and used which helps

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<v Speaker 1>the environment, and it is being monetized by minting bitcoin

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<v Speaker 1>obviously or mining bitcoin. So these things work hand in

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<v Speaker 1>hand very well, and there's mutual benefits. So this is

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<v Speaker 1>the way to go, not just okay, here's a tweet,

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<v Speaker 1>you know, but I'm providing facts. I'm not just talking

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<v Speaker 1>out of my ass. I'm providing research with statistics and

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<v Speaker 1>the facts and so forth from credible sources. So shout

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<v Speaker 1>out to Dennis here. All right, folks. Last news item,

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<v Speaker 1>Pump that Fund surpasses one hundred million dollars in revenue

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<v Speaker 1>as polymarket outshines NFTs in August. So what the hell

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<v Speaker 1>is pumped dot fun? It is a popular mean coin

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<v Speaker 1>launch pad and they made over one hundred million dollars

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<v Speaker 1>in cumulative revenue from more than one million mean coins

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<v Speaker 1>since they launch in January of this year. Now, many

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<v Speaker 1>of you know how I feel about meme coins. I

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<v Speaker 1>think it is super risky. It is the furthest out

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<v Speaker 1>on the risk curve, and it's like walking into the

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<v Speaker 1>casino and throwing it on black right on the roulette table. Obviously.

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<v Speaker 1>But look, I'm not here to say you're a bad

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<v Speaker 1>person or you're doing something bad. If you invest in it,

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<v Speaker 1>if you know what you're doing and you've done your research,

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<v Speaker 1>then good luck. Just understand the risk. Now. I've often

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<v Speaker 1>stated the caveat with that is that there are established

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<v Speaker 1>mean coins, meaning ones that weren't launched last week or

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<v Speaker 1>last month. They've been around for a long time. They

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<v Speaker 1>haven't a very big active community, so it's less likely

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<v Speaker 1>that they get rugged pulled and for example, doch coin,

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<v Speaker 1>ship Pepe and so forth. Right, they've been around for

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<v Speaker 1>multiple bull market cycles and bear market surviving a meme

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<v Speaker 1>coin surviving the bear market is pretty good, you know.

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<v Speaker 1>I would say that that gives it a lot of credibility.

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<v Speaker 1>And once again, there's a developer community. There's an active

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<v Speaker 1>community of people working to make it better and getting adoption.

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<v Speaker 1>So I think there's something to say about those meme coins,

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<v Speaker 1>like I would be probably okay with adding some of

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<v Speaker 1>those of my portfolio. I have like a little bit

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<v Speaker 1>of Doche, but it's only for fun. I don't have

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<v Speaker 1>like a big bag of Pepe or anything like that.

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<v Speaker 1>But those are mean coins, I would say, are more safe,

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<v Speaker 1>if you want to put it that way. But the

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<v Speaker 1>ones that were just minted yesterday or last night on

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<v Speaker 1>base or Solana, be careful, please, guys. Right now, polymarket

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<v Speaker 1>has been making the news. In the most recent podcast,

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<v Speaker 1>I highlighted that Bloomberg was going to integrate poly markets

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<v Speaker 1>data for the elections, and Polymarket is of course a

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<v Speaker 1>prediction market where you can bet on different things like

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<v Speaker 1>the election, and its crypto basis decentralized. And they had

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<v Speaker 1>more volume in August than all NFTs across all chains combined,

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<v Speaker 1>according to the analytics platform crypto Slam. That's huge. Shout

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<v Speaker 1>out to the folks at Polymarket. This is pretty big,

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<v Speaker 1>and it's making penetration into the traditional politics in trad fireworld,

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<v Speaker 1>where people are starting to share the data and look

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<v Speaker 1>at it as a benchmark for how things may be

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<v Speaker 1>going for different markets and competition and so forth, and

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<v Speaker 1>especially the election between Trump and Kamala Harris right, it's fascinating, folks.

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<v Speaker 1>But this is all crypto adoption. It's penetrating in every

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<v Speaker 1>aspect of society and life, which is amazing and which

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<v Speaker 1>is bullish for us who are early adopters, who have

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<v Speaker 1>taken our position in the lows, buying the bear market bottoms,

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<v Speaker 1>buying the dumps, buying the pullbacks, dollar costs averaging in

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<v Speaker 1>and we will be selling the top right. We will

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<v Speaker 1>not be part of the dumb money crowd buying the top.

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<v Speaker 1>That's the wrong time. We will be educated investors who

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<v Speaker 1>have done our research, taking our position, and are exercising patients.

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<v Speaker 1>And that's a key. As mentioned at the beginning of

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<v Speaker 1>the podcast, it's been so boring. It's been so aggravating, right, guys,

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<v Speaker 1>and it's like, oh, come on, we're going to get

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<v Speaker 1>out of this zone. It's so boring. Man. Look, as

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<v Speaker 1>someone who's been here, I would consider myself an advanced

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<v Speaker 1>crypto investor because I've been here multiple times. I've learned

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<v Speaker 1>my lessons. It's even hard for me. But that's where

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<v Speaker 1>I turn off the computer. I don't look at the

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<v Speaker 1>prices and I go out and I touch grass, so

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<v Speaker 1>to speak, right, or go touch sand at the beach.

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<v Speaker 1>You got to live life as well and step away

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<v Speaker 1>injuring these zones. But guys, like I said at the beginning,

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<v Speaker 1>election years have been really great for bitcoin and the

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<v Speaker 1>stock market. Global liquidity is on the rise, fed Rake

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<v Speaker 1>cuts are coming. Janet Yellen, we know will keep injecting

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<v Speaker 1>liquidity because that's the name of the game. They got

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<v Speaker 1>to keep the economy in the stock market looking good, right,

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<v Speaker 1>And part of that don't get me wrong, guys. If

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<v Speaker 1>they don't do those things because of the place these

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<v Speaker 1>these markets and how the government is running things is in.

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<v Speaker 1>If they don't do that, you know what's going to happen.

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<v Speaker 1>For one case, the stock market, all the boomer savings

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<v Speaker 1>and all that stuff will be wiped out because crash

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<v Speaker 1>would be epic, and we don't want that, of course, right,

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<v Speaker 1>so they kind of have to keep kicking the can

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<v Speaker 1>down the road. I'm not saying it's right. I'm saying

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<v Speaker 1>that's where we're at, you know, from a position standpoint.

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<v Speaker 1>But I'm hoping blockchain, stable coins, crypto can help solve

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<v Speaker 1>that that we don't have to be in these in

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<v Speaker 1>this place in the future economy. But we'll see. You know,

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<v Speaker 1>the boomer generation is naturally on board, but we know

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<v Speaker 1>generations pass away and then another generation comes into power,

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<v Speaker 1>so we'll see how things go. And and this is

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<v Speaker 1>how I look at the markets, guys, from a macro standpoint,

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<v Speaker 1>And I hope that's helpful for you guys. Now, folks,

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<v Speaker 1>don't forget to sign up from my free email newsletter.

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<v Speaker 1>Link will be in the description. It's one hundred percent free. Also,

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<v Speaker 1>be sure to grab a copy of my book, Rethinking Crypto.

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<v Speaker 1>It's available on Amazon and Barnes and Nobles, available in

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<v Speaker 1>paperback and digital. Buy a copy to support the podcast.

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<v Speaker 1>Buy a few copies for your friends and family. It

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<v Speaker 1>makes a great gift if they want to learn about crypto.

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<v Speaker 1>It includes advice on how to invest properly and so forth.

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<v Speaker 1>And if you brought a copy already, please leave a

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<v Speaker 1>rating and review on Amazon. It would really help on

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<v Speaker 1>my rankings. Thank you so much. I appreciate you all,

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