WEBVTT

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<v Speaker 1>This is huge. Donald Trump is in talks with the

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<v Speaker 1>crypto industry to find a crypto policy director for the

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<v Speaker 1>White House. It would be the first of its kind.

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<v Speaker 1>And Bitcoin hit ninety five thousand dollars today, what's next?

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<v Speaker 1>And the Salona phantom wallet has moved up in the

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<v Speaker 1>app ranking, signaling more bull market vibes. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

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

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

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<v Speaker 1>the thumbs up button and leave a comment below. If

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

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

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<v Speaker 1>Bitcoin hit ninety five thousand dollars. It broke through ninety

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<v Speaker 1>four and touched ninety five, but right now it cooled

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<v Speaker 1>off a bit. It is at ninety four thousand, three

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<v Speaker 1>hundred and five dollars. We are so close to one

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<v Speaker 1>hundred thousand, man, it's so close. But we know it's

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<v Speaker 1>going to happen. And I have a thesis that Bitcoin

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<v Speaker 1>wheal want to push bitcoin to one hundred k by Thanksgiving,

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<v Speaker 1>so that Thanksgiving dinner will be about bitcoin and crypto,

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<v Speaker 1>and that will kick off a lot of retail fomo guys.

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<v Speaker 1>I think that's the plan, but I'm sure many of

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<v Speaker 1>you agree with me that whales who play the market

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<v Speaker 1>are going to look to do that. But it is

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<v Speaker 1>so close, guys, so close. We have crossed the price

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<v Speaker 1>point of where this thing. The next trajectory is one

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<v Speaker 1>hundred right. It's not like we're back down at eighty

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<v Speaker 1>k and it's like, oh, we'll see if bitcoin gets

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<v Speaker 1>to one hundred k by December. No, we are so close,

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<v Speaker 1>and we've passed the significant price point of ninety one thousand,

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<v Speaker 1>five hundred, So one hundred thousand is incoming. Guys. It's

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<v Speaker 1>so close. And one of the things we continue to

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<v Speaker 1>see is Tether continues to mint USDT like crazy. Today

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<v Speaker 1>they've minted another billion USDT. Over the past four to

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<v Speaker 1>five days, they've minted four billion in USDT. Circle has

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<v Speaker 1>minted a few one hundred million of USDC. So why

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<v Speaker 1>is this important. That's liquidity, that's stable coin liquidity. We'll

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<v Speaker 1>go into the market bitcoin and all coins, so expect

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<v Speaker 1>the pump to continue. We look at charts, we look

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<v Speaker 1>at the macro. We look at the fundamentals, we look

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<v Speaker 1>at the stable coin supply. We want to look at

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<v Speaker 1>the market from all angles to make sure we understand

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<v Speaker 1>what's happening, folks. Now, another signal of the bullmarket vibes

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<v Speaker 1>and retail returning crypto wallet Phantom outranks What's app and

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<v Speaker 1>Instagram among the top free iPhone apps. That's a signal, folks.

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<v Speaker 1>If you are outranking what's appen Instagram, you're getting a

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<v Speaker 1>lot of download So Phantom is of course the Salona wallet.

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<v Speaker 1>There's a lot of memes on Salanas that means a

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<v Speaker 1>lot of retail people are getting involved and they're downloading

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<v Speaker 1>this app. So very very bullish, and remember we are

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<v Speaker 1>the early adopters. We are on the side of smart money.

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<v Speaker 1>We bought the dips, we bought the bear market bottom,

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<v Speaker 1>we dolar cost average in and we're looking to sell

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<v Speaker 1>the euphoric blow off top to make significant gains. We

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<v Speaker 1>don't come with the herd into the dumb money crowd.

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<v Speaker 1>We are the contrarians, which is a minority group of

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<v Speaker 1>people who are financially educated, buying dips, buying the bottoms

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<v Speaker 1>and so forth. Right, guys, so very very exciting. What's

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<v Speaker 1>coming next. Now here's the big news of the day.

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<v Speaker 1>Donald Trump's team is considering creating the first ever White

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<v Speaker 1>House crypto role. This is being reported by Bloomberg. Here

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<v Speaker 1>is some of the details. I can give you everything

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<v Speaker 1>because Bloomberg wants you to pay, which is annoying. So

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<v Speaker 1>the President Alex team is vetting candidates for the job.

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<v Speaker 1>Crypto industry executives spoke with Trump this week. I reported

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<v Speaker 1>to you guys that Trump is meeting with Coinbase CEO

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<v Speaker 1>Brian Armstrong. So he's talking to different people in the

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<v Speaker 1>industry to pick the right candidates. That's so bullish, guys.

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<v Speaker 1>And we know he's going to put a pro crypto

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<v Speaker 1>sec chair. And there's even talks of Brian Brooks being

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<v Speaker 1>the head of the Treasury secretary and we know Brian

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<v Speaker 1>absolutely understands crypto. So Trump's team is vetting candidates to

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<v Speaker 1>serve in such a role. The people said, if created,

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<v Speaker 1>it would be the first ever crypto specific White House

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<v Speaker 1>job and would underscore the influence the Nasson industry stands

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<v Speaker 1>to wield in the incoming administration. It's unclear whether there

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<v Speaker 1>will be a senior White House staff position or crypto zar.

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<v Speaker 1>So we don't have all the details, but we know

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<v Speaker 1>this thing is in motion and nothing stopping this strained folks.

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<v Speaker 1>Trump is pro crypto, the Congress that's coming in is

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<v Speaker 1>the most pro crypto ever, and we got some legislation

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<v Speaker 1>that is about to make its way through the Senate.

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<v Speaker 1>The bull market's heating up. Bitcoin Strategic Reserve bill is

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<v Speaker 1>on the table, So many great things are here. Guys,

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<v Speaker 1>Gary Ginster is going to be kicked out, So I'm excited.

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<v Speaker 1>This is so bullish. I mean, we are seeing just

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<v Speaker 1>incredibly bullish news coming out every day now. Charles Hoskinson

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<v Speaker 1>has been going around meeting with different stakeholders in DC.

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<v Speaker 1>If you recall, he told us about this in a

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<v Speaker 1>live stream just last week that he would be going

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<v Speaker 1>to DC meeting with the Trump administration and different folks

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<v Speaker 1>to talk to him about crypto. So he added some

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<v Speaker 1>contact to this news. He said, with respect to the

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<v Speaker 1>idea of a crypto zar at the White House, I

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<v Speaker 1>feel the role needs to be filled with someone who's neutral,

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<v Speaker 1>works with all the protocols, and has a deep understanding

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<v Speaker 1>of why crypto is special, as well as that the

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<v Speaker 1>United States government under Biden has done wrong. There is

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<v Speaker 1>only one candidate that I think stands out in our

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<v Speaker 1>industry for this role, and that's Brian Armstrong Wow, the

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<v Speaker 1>CEO of Coinbase. He says Coinbase has grown into one

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<v Speaker 1>of the pillars of crypto and has had to endure

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<v Speaker 1>the unfair tactics of a government committed to regulation through enforcement.

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<v Speaker 1>I know he would build a broad tent coalition to

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<v Speaker 1>bring the industry together and help us get the government

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<v Speaker 1>rallied behind real action, including passing new laws. For my part,

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<v Speaker 1>having worked with the legislative branch in Wyoming to get

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<v Speaker 1>thirty one crypto laws pass, I'm focusing a ton of

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<v Speaker 1>my efforts on the House and the Senate to help

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<v Speaker 1>facilitate the legislative effort that will forever remove the abuses

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<v Speaker 1>of the current federal government and open the floodgates for

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<v Speaker 1>the legacy role to enter crypto. Now, he continues, it's

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<v Speaker 1>a very long thread, so I don't want to read

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<v Speaker 1>everything for you guys, but that's the gist of what

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<v Speaker 1>he's saying. He even posted some photos of him with

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<v Speaker 1>some representatives in Washington, DC. As you can see here,

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<v Speaker 1>he posted he had dinner with Senator Tim Scott who

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<v Speaker 1>we know is pro crypto. He knows about it, he's

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<v Speaker 1>been talking about it, and he's of course going to

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<v Speaker 1>be one of the top folks in the Senate, and

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<v Speaker 1>that's very bullish for crypto. So, guys, things are moving

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<v Speaker 1>in the right direction. I love what I'm seeing. Also,

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<v Speaker 1>Charles has been doing a good job meeting with different

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<v Speaker 1>protocols and companies like Ripple and others looking to help

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<v Speaker 1>build bridges with cardonos. So I appreciate what Charles is

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<v Speaker 1>doing here, really really great stuff. And I think it's

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<v Speaker 1>important for Charles to do this because here's something I'm

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<v Speaker 1>worried about, and I've spoken to different folks off the

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<v Speaker 1>record about in DC. We don't want a bitcoin maxie

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<v Speaker 1>to be taking some of these roles. That would be

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<v Speaker 1>very bad for the entire market. If you get a

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<v Speaker 1>bitcoin hardcore Bitcoin maxi in there, you know what they're

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<v Speaker 1>going to do, right, folks. So I'm glad Charles is

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<v Speaker 1>doing this. I'm glad the folks at Ripple are meeting

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<v Speaker 1>with Trump and much more in other industry leaders Brian

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<v Speaker 1>Armstrong of Coinbase, because they see the full market, they

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<v Speaker 1>understand the need for different blockchains and web three and

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<v Speaker 1>how all that works. So we have to watch out.

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<v Speaker 1>We don't want any Bitcoin maxis going in there. You

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<v Speaker 1>know what they're going to do, folks. So this is

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<v Speaker 1>a very smart move by Charles. Now here's some interesting

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<v Speaker 1>news coming out of the SEC checks in the mail.

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<v Speaker 1>SEC to partially reimburse investors in online advertising blockchain startup Bitclave.

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<v Speaker 1>I've never heard of Bigclave, but essentially they did an

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<v Speaker 1>ICO back in twenty seventeen. They raised over twenty five

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<v Speaker 1>million dollars and the SEC is distributing millions of dollars

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<v Speaker 1>I think around twelve million to folks who invested in it.

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<v Speaker 1>Now here's the thing. I don't have all the details here. However,

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<v Speaker 1>if the SEC just went after them for doing an ICE,

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<v Speaker 1>that's wrong because we don't have clear rules and there's

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<v Speaker 1>tons of companies that did icos. If the SEC went

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<v Speaker 1>after them for doing fraud or stealing people's money, then yes,

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<v Speaker 1>the SEC is in the right position protect investors weed

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<v Speaker 1>out scammers, right, But it doesn't seem like that's the

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<v Speaker 1>case here. I think it's the former, and that is

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<v Speaker 1>they just simply did an ICO. The SEC was like, oh,

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<v Speaker 1>we don't like that. We're gonna take you to court

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<v Speaker 1>and we're gonna take the funds and give it back

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<v Speaker 1>to the users. So I don't know if the SEC

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<v Speaker 1>caused this company to go out of business by doing that. Right,

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<v Speaker 1>we've seen the SEC go around shaking down companies and

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<v Speaker 1>that's not right. They need to provide clear rules of

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<v Speaker 1>the road. They need to make a pathway for like

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<v Speaker 1>hester Perth suggested, a regulatory sandbox. Okay, you think your

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<v Speaker 1>coin right now maybe under or falls under the securities umbrella.

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<v Speaker 1>You need to come in register will help you to

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<v Speaker 1>get to a non security place. You have to be

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<v Speaker 1>more decentralized, YadA YadA. That should be the process, right,

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<v Speaker 1>should be an updated Howie test and all these things,

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<v Speaker 1>because guess what, These tokens are distributed global lead on

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<v Speaker 1>blockchains globally in certain jurisdictions and countries viewed them as

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<v Speaker 1>virtual currency. So in the United States has securities, but

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<v Speaker 1>in every other part of the world there are virtual

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<v Speaker 1>currencies and people outside the US can partake, but we can't.

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<v Speaker 1>You can't have this nonsense. This is ridiculous. So we

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<v Speaker 1>need to have clear rules and we need to have

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<v Speaker 1>the SEC in the US government work with these companies

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<v Speaker 1>have figured us all out because it's bigger than the

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<v Speaker 1>United States. And if you just go after companies in

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<v Speaker 1>the US but not outside, and you only stop users

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<v Speaker 1>in the United States and using it, but in every

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<v Speaker 1>part of the world they can access it, that that's

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<v Speaker 1>not fair, right, That is a nonsense. But like I said,

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<v Speaker 1>the nuance here is that if this company was scamming people,

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<v Speaker 1>if they defrauded people, they stole their money, whatever it is,

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<v Speaker 1>like sam bang your freed or something, then they deserve

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<v Speaker 1>to be punished. Right, you break the law, but we

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<v Speaker 1>need clear regulations. But we know that's coming. Congress has

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<v Speaker 1>pass the bill out of the House. There's one that's

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<v Speaker 1>going to be making it through the Senate, hopefully in

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<v Speaker 1>the lame duck if not in the middle of twenty

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<v Speaker 1>twenty five. And stable coin legislation as well. So things

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<v Speaker 1>are going to be cleaned up and all this craziness

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<v Speaker 1>on the SEC is going to stop. So but just

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<v Speaker 1>let you guys know. I don't know if any of

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<v Speaker 1>you participated in the bigclave Ico, but apparently you would

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<v Speaker 1>have a check coming to you, so we shall see.

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<v Speaker 1>All right, folks, that's the news. Let me know what

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<v Speaker 1>you think. Be sure to check out our sponsor, Uphold,

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<v Speaker 1>a great place to buy bitcoin in all coins. I've

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<v Speaker 1>been using them since twenty eighteen. They have three hundred

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<v Speaker 1>plus cryptocurrencies a lot of great products, so check out

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<v Speaker 1>the link in the description go sign up. Also, be

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<v Speaker 1>sure to sign up for my free email newsletter on substack.

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<v Speaker 1>It's one hundred percent free. And grab a copy of

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<v Speaker 1>my book, Rethinking Crypto. It's available in Amazon and paperback

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<v Speaker 1>in digital. Thank you guys for watching. I appreciate you all,

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