Speaker 1: This is huge. Donald Trump is in talks with the
Speaker 1: crypto industry to find a crypto policy director for the
Speaker 1: White House. It would be the first of its kind.
Speaker 1: And Bitcoin hit ninety five thousand dollars today, what's next?
Speaker 1: And the Salona phantom wallet has moved up in the
Speaker 1: app ranking, signaling more bull market vibes. Let's get into it. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto podcast. You're home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in, Please at that subscribe button as well as
Speaker 1: the thumbs up button and leave a comment below. If
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Speaker 1: please leave a five star rating and review. Folks. Today
Speaker 1: Bitcoin hit ninety five thousand dollars. It broke through ninety
Speaker 1: four and touched ninety five, but right now it cooled
Speaker 1: off a bit. It is at ninety four thousand, three
Speaker 1: hundred and five dollars. We are so close to one
Speaker 1: hundred thousand, man, it's so close. But we know it's
Speaker 1: going to happen. And I have a thesis that Bitcoin
Speaker 1: wheal want to push bitcoin to one hundred k by Thanksgiving,
Speaker 1: so that Thanksgiving dinner will be about bitcoin and crypto,
Speaker 1: and that will kick off a lot of retail fomo guys.
Speaker 1: I think that's the plan, but I'm sure many of
Speaker 1: you agree with me that whales who play the market
Speaker 1: are going to look to do that. But it is
Speaker 1: so close, guys, so close. We have crossed the price
Speaker 1: point of where this thing. The next trajectory is one
Speaker 1: hundred right. It's not like we're back down at eighty
Speaker 1: k and it's like, oh, we'll see if bitcoin gets
Speaker 1: to one hundred k by December. No, we are so close,
Speaker 1: and we've passed the significant price point of ninety one thousand,
Speaker 1: five hundred, So one hundred thousand is incoming. Guys. It's
Speaker 1: so close. And one of the things we continue to
Speaker 1: see is Tether continues to mint USDT like crazy. Today
Speaker 1: they've minted another billion USDT. Over the past four to
Speaker 1: five days, they've minted four billion in USDT. Circle has
Speaker 1: minted a few one hundred million of USDC. So why
Speaker 1: is this important. That's liquidity, that's stable coin liquidity. We'll
Speaker 1: go into the market bitcoin and all coins, so expect
Speaker 1: the pump to continue. We look at charts, we look
Speaker 1: at the macro. We look at the fundamentals, we look
Speaker 1: at the stable coin supply. We want to look at
Speaker 1: the market from all angles to make sure we understand
Speaker 1: what's happening, folks. Now, another signal of the bullmarket vibes
Speaker 1: and retail returning crypto wallet Phantom outranks What's app and
Speaker 1: Instagram among the top free iPhone apps. That's a signal, folks.
Speaker 1: If you are outranking what's appen Instagram, you're getting a
Speaker 1: lot of download So Phantom is of course the Salona wallet.
Speaker 1: There's a lot of memes on Salanas that means a
Speaker 1: lot of retail people are getting involved and they're downloading
Speaker 1: this app. So very very bullish, and remember we are
Speaker 1: the early adopters. We are on the side of smart money.
Speaker 1: We bought the dips, we bought the bear market bottom,
Speaker 1: we dolar cost average in and we're looking to sell
Speaker 1: the euphoric blow off top to make significant gains. We
Speaker 1: don't come with the herd into the dumb money crowd.
Speaker 1: We are the contrarians, which is a minority group of
Speaker 1: people who are financially educated, buying dips, buying the bottoms
Speaker 1: and so forth. Right, guys, so very very exciting. What's
Speaker 1: coming next. Now here's the big news of the day.
Speaker 1: Donald Trump's team is considering creating the first ever White
Speaker 1: House crypto role. This is being reported by Bloomberg. Here
Speaker 1: is some of the details. I can give you everything
Speaker 1: because Bloomberg wants you to pay, which is annoying. So
Speaker 1: the President Alex team is vetting candidates for the job.
Speaker 1: Crypto industry executives spoke with Trump this week. I reported
Speaker 1: to you guys that Trump is meeting with Coinbase CEO
Speaker 1: Brian Armstrong. So he's talking to different people in the
Speaker 1: industry to pick the right candidates. That's so bullish, guys.
Speaker 1: And we know he's going to put a pro crypto
Speaker 1: sec chair. And there's even talks of Brian Brooks being
Speaker 1: the head of the Treasury secretary and we know Brian
Speaker 1: absolutely understands crypto. So Trump's team is vetting candidates to
Speaker 1: serve in such a role. The people said, if created,
Speaker 1: it would be the first ever crypto specific White House
Speaker 1: job and would underscore the influence the Nasson industry stands
Speaker 1: to wield in the incoming administration. It's unclear whether there
Speaker 1: will be a senior White House staff position or crypto zar.
Speaker 1: So we don't have all the details, but we know
Speaker 1: this thing is in motion and nothing stopping this strained folks.
Speaker 1: Trump is pro crypto, the Congress that's coming in is
Speaker 1: the most pro crypto ever, and we got some legislation
Speaker 1: that is about to make its way through the Senate.
Speaker 1: The bull market's heating up. Bitcoin Strategic Reserve bill is
Speaker 1: on the table, So many great things are here. Guys,
Speaker 1: Gary Ginster is going to be kicked out, So I'm excited.
Speaker 1: This is so bullish. I mean, we are seeing just
Speaker 1: incredibly bullish news coming out every day now. Charles Hoskinson
Speaker 1: has been going around meeting with different stakeholders in DC.
Speaker 1: If you recall, he told us about this in a
Speaker 1: live stream just last week that he would be going
Speaker 1: to DC meeting with the Trump administration and different folks
Speaker 1: to talk to him about crypto. So he added some
Speaker 1: contact to this news. He said, with respect to the
Speaker 1: idea of a crypto zar at the White House, I
Speaker 1: feel the role needs to be filled with someone who's neutral,
Speaker 1: works with all the protocols, and has a deep understanding
Speaker 1: of why crypto is special, as well as that the
Speaker 1: United States government under Biden has done wrong. There is
Speaker 1: only one candidate that I think stands out in our
Speaker 1: industry for this role, and that's Brian Armstrong Wow, the
Speaker 1: CEO of Coinbase. He says Coinbase has grown into one
Speaker 1: of the pillars of crypto and has had to endure
Speaker 1: the unfair tactics of a government committed to regulation through enforcement.
Speaker 1: I know he would build a broad tent coalition to
Speaker 1: bring the industry together and help us get the government
Speaker 1: rallied behind real action, including passing new laws. For my part,
Speaker 1: having worked with the legislative branch in Wyoming to get
Speaker 1: thirty one crypto laws pass, I'm focusing a ton of
Speaker 1: my efforts on the House and the Senate to help
Speaker 1: facilitate the legislative effort that will forever remove the abuses
Speaker 1: of the current federal government and open the floodgates for
Speaker 1: the legacy role to enter crypto. Now, he continues, it's
Speaker 1: a very long thread, so I don't want to read
Speaker 1: everything for you guys, but that's the gist of what
Speaker 1: he's saying. He even posted some photos of him with
Speaker 1: some representatives in Washington, DC. As you can see here,
Speaker 1: he posted he had dinner with Senator Tim Scott who
Speaker 1: we know is pro crypto. He knows about it, he's
Speaker 1: been talking about it, and he's of course going to
Speaker 1: be one of the top folks in the Senate, and
Speaker 1: that's very bullish for crypto. So, guys, things are moving
Speaker 1: in the right direction. I love what I'm seeing. Also,
Speaker 1: Charles has been doing a good job meeting with different
Speaker 1: protocols and companies like Ripple and others looking to help
Speaker 1: build bridges with cardonos. So I appreciate what Charles is
Speaker 1: doing here, really really great stuff. And I think it's
Speaker 1: important for Charles to do this because here's something I'm
Speaker 1: worried about, and I've spoken to different folks off the
Speaker 1: record about in DC. We don't want a bitcoin maxie
Speaker 1: to be taking some of these roles. That would be
Speaker 1: very bad for the entire market. If you get a
Speaker 1: bitcoin hardcore Bitcoin maxi in there, you know what they're
Speaker 1: going to do, right, folks. So I'm glad Charles is
Speaker 1: doing this. I'm glad the folks at Ripple are meeting
Speaker 1: with Trump and much more in other industry leaders Brian
Speaker 1: Armstrong of Coinbase, because they see the full market, they
Speaker 1: understand the need for different blockchains and web three and
Speaker 1: how all that works. So we have to watch out.
Speaker 1: We don't want any Bitcoin maxis going in there. You
Speaker 1: know what they're going to do, folks. So this is
Speaker 1: a very smart move by Charles. Now here's some interesting
Speaker 1: news coming out of the SEC checks in the mail.
Speaker 1: SEC to partially reimburse investors in online advertising blockchain startup Bitclave.
Speaker 1: I've never heard of Bigclave, but essentially they did an
Speaker 1: ICO back in twenty seventeen. They raised over twenty five
Speaker 1: million dollars and the SEC is distributing millions of dollars
Speaker 1: I think around twelve million to folks who invested in it.
Speaker 1: Now here's the thing. I don't have all the details here. However,
Speaker 1: if the SEC just went after them for doing an ICE,
Speaker 1: that's wrong because we don't have clear rules and there's
Speaker 1: tons of companies that did icos. If the SEC went
Speaker 1: after them for doing fraud or stealing people's money, then yes,
Speaker 1: the SEC is in the right position protect investors weed
Speaker 1: out scammers, right, But it doesn't seem like that's the
Speaker 1: case here. I think it's the former, and that is
Speaker 1: they just simply did an ICO. The SEC was like, oh,
Speaker 1: we don't like that. We're gonna take you to court
Speaker 1: and we're gonna take the funds and give it back
Speaker 1: to the users. So I don't know if the SEC
Speaker 1: caused this company to go out of business by doing that. Right,
Speaker 1: we've seen the SEC go around shaking down companies and
Speaker 1: that's not right. They need to provide clear rules of
Speaker 1: the road. They need to make a pathway for like
Speaker 1: hester Perth suggested, a regulatory sandbox. Okay, you think your
Speaker 1: coin right now maybe under or falls under the securities umbrella.
Speaker 1: You need to come in register will help you to
Speaker 1: get to a non security place. You have to be
Speaker 1: more decentralized, YadA YadA. That should be the process, right,
Speaker 1: should be an updated Howie test and all these things,
Speaker 1: because guess what, These tokens are distributed global lead on
Speaker 1: blockchains globally in certain jurisdictions and countries viewed them as
Speaker 1: virtual currency. So in the United States has securities, but
Speaker 1: in every other part of the world there are virtual
Speaker 1: currencies and people outside the US can partake, but we can't.
Speaker 1: You can't have this nonsense. This is ridiculous. So we
Speaker 1: need to have clear rules and we need to have
Speaker 1: the SEC in the US government work with these companies
Speaker 1: have figured us all out because it's bigger than the
Speaker 1: United States. And if you just go after companies in
Speaker 1: the US but not outside, and you only stop users
Speaker 1: in the United States and using it, but in every
Speaker 1: part of the world they can access it, that that's
Speaker 1: not fair, right, That is a nonsense. But like I said,
Speaker 1: the nuance here is that if this company was scamming people,
Speaker 1: if they defrauded people, they stole their money, whatever it is,
Speaker 1: like sam bang your freed or something, then they deserve
Speaker 1: to be punished. Right, you break the law, but we
Speaker 1: need clear regulations. But we know that's coming. Congress has
Speaker 1: pass the bill out of the House. There's one that's
Speaker 1: going to be making it through the Senate, hopefully in
Speaker 1: the lame duck if not in the middle of twenty
Speaker 1: twenty five. And stable coin legislation as well. So things
Speaker 1: are going to be cleaned up and all this craziness
Speaker 1: on the SEC is going to stop. So but just
Speaker 1: let you guys know. I don't know if any of
Speaker 1: you participated in the bigclave Ico, but apparently you would
Speaker 1: have a check coming to you, so we shall see.
Speaker 1: All right, folks, that's the news. Let me know what
Speaker 1: you think. Be sure to check out our sponsor, Uphold,
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Speaker 1: in digital. Thank you guys for watching. I appreciate you all,
Speaker 1: and I'll talk to you all later. Tak tak