Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please hit that subscribe button as
Speaker 1: well as the thumbs up button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Folks,
Speaker 1: I know it's the boring zone. I know Bitcoin and
Speaker 1: all coins have not been doing anything. It's this summer lull.
Speaker 1: It's been so boring, so aggravating, so annoying. I'm sure
Speaker 1: many of you are feeling it, and I see some
Speaker 1: people getting bearish. I'm not bearish. I'm still bullish because
Speaker 1: I believe we are in a macro bull market for
Speaker 1: crypto stocks, real estate and so forth. But market cycles
Speaker 1: have to play out. I've been in this market since
Speaker 1: twenty sixteen. I've seen multiple bull markets and bear markets, so, folks,
Speaker 1: I've seen this story before, and we have to be
Speaker 1: patient and way through all of this sideways chop and
Speaker 1: boring action. Right And I know we're all waiting for
Speaker 1: higher prices and it will come, but remember we are
Speaker 1: still in the having years. You go back and you
Speaker 1: look at the history of bitcoin, things really start taking
Speaker 1: off as we get into Q four of the having
Speaker 1: year into the next year. And here is a great
Speaker 1: chart that was shared by Dan Hill, who is bitcoin
Speaker 1: og And what this chart shows, folks, is bitcoins price
Speaker 1: action after the US elections, which once again ties into
Speaker 1: the normal schedule so to speak, or movement of the
Speaker 1: market that we've seen in the four year cycle with
Speaker 1: the having. Now we know the having itself is not
Speaker 1: the major catalyst. It's global equidity. And global liquidity is
Speaker 1: usually pumped by the incumbents sitting in the presidential election
Speaker 1: chair who want to have the stock market and the
Speaker 1: economy look as best as possible. So right now we
Speaker 1: are on track and we're actually at a normal pace
Speaker 1: compared to the past market cycles. And the chart shows
Speaker 1: that after the US elections going into the new year,
Speaker 1: you have significant movement from the markets. You can go
Speaker 1: look this up on Trading View folks and look at
Speaker 1: the bigcoin charts and it will show you this. It's
Speaker 1: pretty amazing. It's cyclical, right, and that's because once again,
Speaker 1: because of global liquidity, the money printer that's used by
Speaker 1: the sitting incumbent and the whole process of politics and
Speaker 1: making things look good for the election. So we just
Speaker 1: got to be patient, go through the cycles. The Fed
Speaker 1: is going to cut rates next month literally tomorrow's September,
Speaker 1: the first of September, and we're going to see possibly
Speaker 1: some additional liquidity injections from Janet Yellen at the Treasury,
Speaker 1: which we've been tracking over the past year, and she's
Speaker 1: been doing it. I call it q E two point
Speaker 1: zero stealth QE, and it's backdooring of liquidity guys. And
Speaker 1: they're going to go back to the normal quantitative easing
Speaker 1: money printing stuff. But they've been and really trying to
Speaker 1: protect the economy as best as possible because we are
Speaker 1: in a place where things are not great. And I'm
Speaker 1: not saying that because I'm a Republican or I'm a
Speaker 1: Democrat or whatever. I'm just stating the fact. So I know,
Speaker 1: we are in a very hyper politicized moment and people
Speaker 1: you know right away if you say something, oh, yeah,
Speaker 1: Harris is crazy or Trump is crazy, where they bring
Speaker 1: in the political candidates versus looking at the macro and
Speaker 1: that regardless of who the candidate is, these are things
Speaker 1: that happen from a cyclical standpoint, because of the dynamics
Speaker 1: of politics and power and the money printerion, all that jazz.
Speaker 1: So I'm expecting, guys, as we head into later the
Speaker 1: latter half of September into Q four starting in October,
Speaker 1: we're going to start to see the markets move. And
Speaker 1: remember Bitcoin was ahead of schedule this year because of
Speaker 1: that Bitcoin ETF buying from all those issuers right Black
Speaker 1: Rock and so forth, so it ran up very fast.
Speaker 1: It hit a new all time high before the having
Speaker 1: never did that before. So the cool down and corrections
Speaker 1: we're experiencing now are actually helping us get back on
Speaker 1: track and on pace with how the markets have moved historically.
Speaker 1: So this is a great chart and just another data
Speaker 1: point that shows us where we're at in the cycle. Guys,
Speaker 1: Barren released some interesting data on crypto wealth. It's titled
Speaker 1: Worldwide Crypto Wealth Statistics. Nate Jerasi of the ETF Store
Speaker 1: summarized it a bit. He said, the number of crypto
Speaker 1: millionaires nearly doubled to one hundred and seventy two thousand,
Speaker 1: three hundred in twelve months ending on June thirtieth, so
Speaker 1: earlier this year, now three hundred and twenty five cryptos
Speaker 1: sent to Millionaires twenty eight Crypto Billionaires. Very interesting, folks.
Speaker 1: Crypto is minting a lot of millionaires and billionaires, and
Speaker 1: will you be one of the millionaires. I don't know
Speaker 1: how many of you listening or watching to this have
Speaker 1: enough crypto acid holdings where you can hit the billionaire category,
Speaker 1: or maybe you've been compounding going back to twenty eleven
Speaker 1: twenty fourteen when bitcoin is very cheap. But I don't
Speaker 1: think any anybody listening is in that category. But some
Speaker 1: of you may be in the millionaire category come the
Speaker 1: peak of this cycle as you start taking profits. Now
Speaker 1: you have to take profits or you know, it's just
Speaker 1: your gains on paper, which can easily be reduced if
Speaker 1: you go into the bear market cycles. So this is fascinating,
Speaker 1: and I think we're going to see more and more
Speaker 1: of this and as people start to diversify into bitcoin
Speaker 1: and crypto. So this is really fascinating, folks, and I'm
Speaker 1: hoping for all many of you watching and listening that
Speaker 1: you enter into that millionaire category. Folks. A great place
Speaker 1: you can buy crypto such as bitcoin and all coins
Speaker 1: is an uphold. This is a platform I've been using
Speaker 1: since twenty eighteen. They have two hundred and sixty plus cryptocurrencies.
Speaker 1: They're available in over one hundred and fifty countries. You
Speaker 1: can also trade precious metals on this platform, such as goldsilver, platium,
Speaker 1: and platinum. One of the great features of uphold is
Speaker 1: that it is fully reserved. They don't com mingle or
Speaker 1: lend out your funds, and they have transparency reports which
Speaker 1: you can go and review and audit yourself. So this
Speaker 1: is a great platform. Once again, I've been using for
Speaker 1: a long time, so I can vouch for it. If
Speaker 1: you'd like to learn more about uphold, check out the
Speaker 1: link in the description Now folks, Today, Brian Armstrong, the
Speaker 1: CEO of coinbase, tweeted out a great article that he
Speaker 1: pretty much wrote on x articles or Twitter articles. The
Speaker 1: title is ais are now paying other ais with crypto folks.
Speaker 1: This is huge. We know AI is part of in
Speaker 1: this tech industrial revolution that we're in right with AI, blockchain,
Speaker 1: crypto evs, you got robotics, there's so many things happening right.
Speaker 1: It is indeed the next industrial revolution similar to what
Speaker 1: took place in the late eighteen hundreds into the early
Speaker 1: nineteen hundreds, and AI and crypto and blockchain, and they're
Speaker 1: going to share a very symbiotic relationship or have a
Speaker 1: very symbiotic relationship where crypto can be used by AIS
Speaker 1: to process transactions and do payments and so forth, and
Speaker 1: you can use the blockchain to help police AI. So
Speaker 1: this is going to be a big part of the
Speaker 1: future and how we operate and how the economy will
Speaker 1: run and how businesses will run well, Brian said. This
Speaker 1: week at coinbase dev we witnessed our first AI to
Speaker 1: AI crypto transaction. What did the AI buy from another?
Speaker 1: Tokens not cryptotokens, but AI tokens words, basically from one
Speaker 1: language learning machine to another. They use tokens to buy tokens.
Speaker 1: AI agents cannot get bank accounts, but they can get
Speaker 1: crypto wallets. They can now use USDC to stable coin
Speaker 1: on base, which is Coinbase's layer two for our etherorem
Speaker 1: to transact with humans, merchants or other AIS. These transactions
Speaker 1: are in then global and free, folks. This is going
Speaker 1: to be a big part of crypto adoption in addition
Speaker 1: to other things. But as I'm sure many of you
Speaker 1: are already seeing on the horizon, there's going to be
Speaker 1: tons of AI agents in different industries and different niche
Speaker 1: doing different things, and part of how they can participate
Speaker 1: in the economy, they have to be able to transact
Speaker 1: and make payments and receive payments. And as Brian mentioned
Speaker 1: here in the article, they can't open bank accounts, but
Speaker 1: crypto wallets they can have that. So I hope you
Speaker 1: see where we're headed and what a big part of
Speaker 1: the economy stable coins and crypto and blockchain will have
Speaker 1: even for AI agents, right, and remember, in order to
Speaker 1: verify all these things, you need the blockchain. So this
Speaker 1: makes me so bullish for the future application of crypto,
Speaker 1: not just tokenization of all those assets and traditional financial
Speaker 1: assets that we've been talking about for a long time,
Speaker 1: but also the fact that AI agents can use these things.
Speaker 1: And look, the world's going to be a very different
Speaker 1: place one hundred years from now. Think about the nineteen hundred, right,
Speaker 1: and then one hundred years from there to the year
Speaker 1: two thousand and where we're at right now in twenty
Speaker 1: twenty four. What a different world, same thing happening here
Speaker 1: right with AI as mentioned all those technologies, how the
Speaker 1: world will be fifty to one hundred years now. It's
Speaker 1: going to be incredible, And I think it's going to
Speaker 1: move faster because of the Internet. Everybody's connected on the Internet, smartphones, laptops, computers,
Speaker 1: all that stuff, right, Versus the massive infrastructure that had
Speaker 1: to be built for the last Industrial revolution, you know,
Speaker 1: with cars and highways and building airports and trains and
Speaker 1: planes and rocket ships and all that stuff. Right, the Internet,
Speaker 1: what you don't have to build anything. The Internet's already here,
Speaker 1: that's the super highway, and everything's running digitally now. So
Speaker 1: it's going to move faster. So one could argue I
Speaker 1: don't have to mention one hundred years, no, but I
Speaker 1: can say fifty years from now, the world's going to
Speaker 1: be very different. Brian continues here, saying this is an
Speaker 1: important step to AIS getting useful work done today. If
Speaker 1: you give an AI agent a task and come back
Speaker 1: a few days or hours, it can't get useful work done.
Speaker 1: In part, this is a limitation of the technology itself,
Speaker 1: and products like devint ai are getting closer to this.
Speaker 1: But the other reason is AIS can't transact to acquire
Speaker 1: the resources they need. They don't have a credit card
Speaker 1: to use for Amazon Web Services, GitHub or versa. They
Speaker 1: don't have a payment method to book you the plane
Speaker 1: ticket or hotel for your upcoming trip. They can get
Speaker 1: through paywalls, for instance, to read a scientific article, promote
Speaker 1: their posts on x with a paid ad, or use
Speaker 1: the growing network of paid APIs to integrate data they need.
Speaker 1: So this is amazing, and shout out to coinbase for
Speaker 1: doing this. This is getting ahead of the curve and
Speaker 1: it's the future. Sure, folks, I think you all see
Speaker 1: the writing on the wall here right where we're headed.
Speaker 1: And even though some of you may not like it,
Speaker 1: because you know, there's some of this that does make
Speaker 1: my stomach churn because I grew up in a time
Speaker 1: before smartphones and while there was the Internet, it was
Speaker 1: dial up. You know, we weren't so connected everywhere. So
Speaker 1: some of this I embrace because it is what it is.
Speaker 1: I have to use it. I have to participate in
Speaker 1: the economy. I have to make money, I have to
Speaker 1: grow my business. And some of it, you know, I'll
Speaker 1: watch them afar and study it, but I won't participate.
Speaker 1: But the fact that these AI agents can do these things,
Speaker 1: it's amazing and very beneficial to crypto and that's where
Speaker 1: I'm most interested in. And the fact that it can
Speaker 1: be used the police. AI as well. So very fascinating
Speaker 1: things here, and I would love to hear what you
Speaker 1: guys have to think about this. I think this is
Speaker 1: very bullish with crypto. All right, moving ahead, guys, we've
Speaker 1: been talking about crypto becoming this political force, having incredible
Speaker 1: amounts of money are capital in this election cycle. I
Speaker 1: believe they are the number one spender. It does fluctuate
Speaker 1: a bit, they are number one, number two sometimes, but
Speaker 1: we know fair shake the super Pac raised over two
Speaker 1: hundred million dollars from coinbase, Ripple, A, sixteen Z and
Speaker 1: many others, and mainstream media is starting to cover this.
Speaker 1: CNBC one of their hosts was talking about this and
Speaker 1: they reported that almost half of all corporate money raised
Speaker 1: for the presidential election is from bitcoin and crypto. Here's
Speaker 1: a quote. They're outspending big oil and banks and so far,
Speaker 1: where the crypto cash is going, wins have followed. I've
Speaker 1: been sharing this with you guys, right. Those people who
Speaker 1: are anti crypto, who have aligned themselves with Elizabeth Warren
Speaker 1: have been taking massive hits in the primaries, also on
Speaker 1: Super Tuesday, and that's a good thing because these people
Speaker 1: are many of them are cronies to Elizabeth Warren, who
Speaker 1: of course leads the anti crypto army, has Gary Gencer
Speaker 1: as a dog on the leash rights and weaponized to
Speaker 1: attack this industry. So I love this and money talks.
Speaker 1: We know how it goes in Washington, DC, folks. Right,
Speaker 1: we didn't make the rules, we're just playing by them.
Speaker 1: And this is a sign of what's to come. I
Speaker 1: think as mainstream media starts to highlight this, people are
Speaker 1: going to wake up to all the nonsense Elizabeth Warren's
Speaker 1: been doing and the reason why crypto had to go
Speaker 1: this ride, and why we had to raise over two
Speaker 1: hundred million dollars and support the pro crypto candidates and
Speaker 1: go against those who are anti crypto. So big things
Speaker 1: are ahead. This industry is not some little kid in
Speaker 1: the corner anymore. It's a full grown adult and ready
Speaker 1: to punch back against the bully right folks. So it's
Speaker 1: pretty amazing. Now. I want to share something here from
Speaker 1: Dennis Porter, who heads up the Satoshi Action Fund, which
Speaker 1: is an advocacy group similar to the Blockchain Association and
Speaker 1: the Digital Chamber. They're in DC educating members of Congress,
Speaker 1: members of the Senate, and so forth to learn about
Speaker 1: crypto help get legislation through. So Dennis is a great guy.
Speaker 1: They've been doing a lot of great work, guys. He's
Speaker 1: been getting a lot of bills pushed through in the States,
Speaker 1: and he's been doing a lot of data and research
Speaker 1: that can be used by academics and even people in DC.
Speaker 1: So he tweeted out new peer reviewed research firmly backs
Speaker 1: up claims that bitcoin mining is a powerful tool for
Speaker 1: reducing methane emissions. This groundbreaking paper highlights the ability for
Speaker 1: bitcoin mining to utilize methane from landfills. Methane is twenty
Speaker 1: eight x more potent for warming than carbon dioxide. Mitigating
Speaker 1: methane has very positive impacts on the environment. This is great,
Speaker 1: but you need data, you need actual metrics that comes
Speaker 1: from a credible source to back it up. So they
Speaker 1: were able to do that and put together this research paper.
Speaker 1: And once again this is going to be used by
Speaker 1: big publications and in government research and so forth. So
Speaker 1: very smart move. And we know a lot of the
Speaker 1: blow off energy and excess energy and things like methane
Speaker 1: and so forth can be monetized and used which helps
Speaker 1: the environment, and it is being monetized by minting bitcoin
Speaker 1: obviously or mining bitcoin. So these things work hand in
Speaker 1: hand very well, and there's mutual benefits. So this is
Speaker 1: the way to go, not just okay, here's a tweet,
Speaker 1: you know, but I'm providing facts. I'm not just talking
Speaker 1: out of my ass. I'm providing research with statistics and
Speaker 1: the facts and so forth from credible sources. So shout
Speaker 1: out to Dennis here. All right, folks. Last news item,
Speaker 1: Pump that Fund surpasses one hundred million dollars in revenue
Speaker 1: as polymarket outshines NFTs in August. So what the hell
Speaker 1: is pumped dot fun? It is a popular mean coin
Speaker 1: launch pad and they made over one hundred million dollars
Speaker 1: in cumulative revenue from more than one million mean coins
Speaker 1: since they launch in January of this year. Now, many
Speaker 1: of you know how I feel about meme coins. I
Speaker 1: think it is super risky. It is the furthest out
Speaker 1: on the risk curve, and it's like walking into the
Speaker 1: casino and throwing it on black right on the roulette table. Obviously.
Speaker 1: But look, I'm not here to say you're a bad
Speaker 1: person or you're doing something bad. If you invest in it,
Speaker 1: if you know what you're doing and you've done your research,
Speaker 1: then good luck. Just understand the risk. Now. I've often
Speaker 1: stated the caveat with that is that there are established
Speaker 1: mean coins, meaning ones that weren't launched last week or
Speaker 1: last month. They've been around for a long time. They
Speaker 1: haven't a very big active community, so it's less likely
Speaker 1: that they get rugged pulled and for example, doch coin,
Speaker 1: ship Pepe and so forth. Right, they've been around for
Speaker 1: multiple bull market cycles and bear market surviving a meme
Speaker 1: coin surviving the bear market is pretty good, you know.
Speaker 1: I would say that that gives it a lot of credibility.
Speaker 1: And once again, there's a developer community. There's an active
Speaker 1: community of people working to make it better and getting adoption.
Speaker 1: So I think there's something to say about those meme coins,
Speaker 1: like I would be probably okay with adding some of
Speaker 1: those of my portfolio. I have like a little bit
Speaker 1: of Doche, but it's only for fun. I don't have
Speaker 1: like a big bag of Pepe or anything like that.
Speaker 1: But those are mean coins, I would say, are more safe,
Speaker 1: if you want to put it that way. But the
Speaker 1: ones that were just minted yesterday or last night on
Speaker 1: base or Solana, be careful, please, guys. Right now, polymarket
Speaker 1: has been making the news. In the most recent podcast,
Speaker 1: I highlighted that Bloomberg was going to integrate poly markets
Speaker 1: data for the elections, and Polymarket is of course a
Speaker 1: prediction market where you can bet on different things like
Speaker 1: the election, and its crypto basis decentralized. And they had
Speaker 1: more volume in August than all NFTs across all chains combined,
Speaker 1: according to the analytics platform crypto Slam. That's huge. Shout
Speaker 1: out to the folks at Polymarket. This is pretty big,
Speaker 1: and it's making penetration into the traditional politics in trad fireworld,
Speaker 1: where people are starting to share the data and look
Speaker 1: at it as a benchmark for how things may be
Speaker 1: going for different markets and competition and so forth, and
Speaker 1: especially the election between Trump and Kamala Harris right, it's fascinating, folks.
Speaker 1: But this is all crypto adoption. It's penetrating in every
Speaker 1: aspect of society and life, which is amazing and which
Speaker 1: is bullish for us who are early adopters, who have
Speaker 1: taken our position in the lows, buying the bear market bottoms,
Speaker 1: buying the dumps, buying the pullbacks, dollar costs averaging in
Speaker 1: and we will be selling the top right. We will
Speaker 1: not be part of the dumb money crowd buying the top.
Speaker 1: That's the wrong time. We will be educated investors who
Speaker 1: have done our research, taking our position, and are exercising patients.
Speaker 1: And that's a key. As mentioned at the beginning of
Speaker 1: the podcast, it's been so boring. It's been so aggravating, right, guys,
Speaker 1: and it's like, oh, come on, we're going to get
Speaker 1: out of this zone. It's so boring. Man. Look, as
Speaker 1: someone who's been here, I would consider myself an advanced
Speaker 1: crypto investor because I've been here multiple times. I've learned
Speaker 1: my lessons. It's even hard for me. But that's where
Speaker 1: I turn off the computer. I don't look at the
Speaker 1: prices and I go out and I touch grass, so
Speaker 1: to speak, right, or go touch sand at the beach.
Speaker 1: You got to live life as well and step away
Speaker 1: injuring these zones. But guys, like I said at the beginning,
Speaker 1: election years have been really great for bitcoin and the
Speaker 1: stock market. Global liquidity is on the rise, fed Rake
Speaker 1: cuts are coming. Janet Yellen, we know will keep injecting
Speaker 1: liquidity because that's the name of the game. They got
Speaker 1: to keep the economy in the stock market looking good, right,
Speaker 1: And part of that don't get me wrong, guys. If
Speaker 1: they don't do those things because of the place these
Speaker 1: these markets and how the government is running things is in.
Speaker 1: If they don't do that, you know what's going to happen.
Speaker 1: For one case, the stock market, all the boomer savings
Speaker 1: and all that stuff will be wiped out because crash
Speaker 1: would be epic, and we don't want that, of course, right,
Speaker 1: so they kind of have to keep kicking the can
Speaker 1: down the road. I'm not saying it's right. I'm saying
Speaker 1: that's where we're at, you know, from a position standpoint.
Speaker 1: But I'm hoping blockchain, stable coins, crypto can help solve
Speaker 1: that that we don't have to be in these in
Speaker 1: this place in the future economy. But we'll see. You know,
Speaker 1: the boomer generation is naturally on board, but we know
Speaker 1: generations pass away and then another generation comes into power,
Speaker 1: so we'll see how things go. And and this is
Speaker 1: how I look at the markets, guys, from a macro standpoint,
Speaker 1: And I hope that's helpful for you guys. Now, folks,
Speaker 1: don't forget to sign up from my free email newsletter.
Speaker 1: Link will be in the description. It's one hundred percent free. Also,
Speaker 1: be sure to grab a copy of my book, Rethinking Crypto.
Speaker 1: It's available on Amazon and Barnes and Nobles, available in
Speaker 1: paperback and digital. Buy a copy to support the podcast.
Speaker 1: Buy a few copies for your friends and family. It
Speaker 1: makes a great gift if they want to learn about crypto.
Speaker 1: It includes advice on how to invest properly and so forth.
Speaker 1: And if you brought a copy already, please leave a
Speaker 1: rating and review on Amazon. It would really help on
Speaker 1: my rankings. Thank you so much. I appreciate you all,
Speaker 1: and I'll talk to you all later.