Speaker 1: Hey, everyone, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: let's take a look at the Bitcoin chart right now.
Speaker 1: Bitcoin and seeing a pullback. But this should come as
Speaker 1: no surprise. We've been talking about it. Bitcoin was approaching
Speaker 1: that overbought zone and I told you justin yesterday's podcast
Speaker 1: we can expect a pullback. So this is very healthy.
Speaker 1: Markets don't go up in a straight line. The mac
Speaker 1: D is still in control of the bulls, so we
Speaker 1: have to keep monitoring this. You know, this could be
Speaker 1: the top of the relief rally for bitcoin, or it
Speaker 1: could go higher. I know that is something people don't
Speaker 1: want to hear. They want to hear the definitive top
Speaker 1: exact price. But I don't have a crystal ball. But
Speaker 1: I'm going to share the metrics with you exactly what
Speaker 1: I'm looking at and how I'm approaching the market. So
Speaker 1: let's see how things play out into tomorrow, the weekend
Speaker 1: as well as next week. You know, Bitcoin could have
Speaker 1: a bit of a pullback then continue higher because there
Speaker 1: is a CME gap at around eighty four thousand dollars
Speaker 1: and it could overshoot and go to the yearly open
Speaker 1: of around eighty seven. Some people are saying potentially hit
Speaker 1: ninety k or higher. Right, So let's see how this
Speaker 1: all plays out a bit. Of course, it doesn't go
Speaker 1: up in a straight line. But what I'm excited for
Speaker 1: is the move for all coins. You know, we talked
Speaker 1: about in yesterday's podcast that all coins will catch up
Speaker 1: the bigcoins rally. They will have their own relief rally,
Speaker 1: so to speak. And if we look at total three,
Speaker 1: we're seeing a bit of a breakout here, even though
Speaker 1: it's very small. The bulls are in control part of
Speaker 1: mac D and the RSI is cooling off in the
Speaker 1: daily chart here, so there's still room to run. Bitcoin
Speaker 1: dominance is starting to break down, So again we're looking
Speaker 1: at multiple metrics to validate our thesis, and bitcoin dominance
Speaker 1: is breaking down. That's a very good sign. And of
Speaker 1: course USDT dominance has been breaking down since Bitcoin's move,
Speaker 1: so as this keeps breaking down, that liquidity will start
Speaker 1: making its way back into Bitcoin and of course all coins.
Speaker 1: So this all looks very good again. I just believe
Speaker 1: this is a really friendly I don't believe this is
Speaker 1: a move to new all time highs. If it is,
Speaker 1: I will gladly be wrong. Obviously, none of this is guaranteed.
Speaker 1: We're talking probabilities here. So the Ballinger band indicator, used
Speaker 1: to assess both volatility and momentum, recently saw the narrowest
Speaker 1: gap between its constituent trend lines ever recorded for bitcoin.
Speaker 1: This led to predictions of a breakout move, with the
Speaker 1: direction open to debate, as well as heightened volatility to come.
Speaker 1: So John Bollinger said that one of his investment funds
Speaker 1: proprietary trading models had flipped positive on bitcoin and had
Speaker 1: taken a position accordingly. So doesn't guarantee anything, but this
Speaker 1: is a very good sign. We're seeing some very positive
Speaker 1: momentum here, and Bitcoin could certainly go a bit higher
Speaker 1: before pulling back now. Coinbase has bought eighty eight million
Speaker 1: dollars worth of bitcoin in Q one, twenty twenty six,
Speaker 1: so they recently did their earnings, which they didn't hit
Speaker 1: their earnings. They were down near three hundred and ninety
Speaker 1: something million dollars, but they did buy some bitcoin. So
Speaker 1: great to see these different firms continue to load up
Speaker 1: and buy. And you know it includes exchanges, digital ACCID,
Speaker 1: treasury companies, ETFs and much more. Now. Senator Angela also
Speaker 1: Brookes says we have resolved the yield issue holding back
Speaker 1: the bitcoin and crypto market structure legislation from passing. She says,
Speaker 1: I think it can pass. I really do. So if
Speaker 1: you call her and Senator Tom Tillis worked out that
Speaker 1: stable coin, ye'll compromise. Even though the banks are trying
Speaker 1: to you know, take advantage and push as much as
Speaker 1: they can. Her and Senator Tillis are holding strong. So
Speaker 1: we are expecting the markup of the Clarity actors start
Speaker 1: next week if I'm not mistaken. That was the latest update,
Speaker 1: and things should move start moving pretty good. So let's
Speaker 1: hope this compromise holes and there's no more setbacks from
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Speaker 1: links would be in the description. Now, Bloomberg is highlighting
Speaker 1: something we've been talking about for months. Now. Wall Street
Speaker 1: firms are hiring for dozens of bitcoin and crypto jobs.
Speaker 1: For example, JP Morgan is looking for a senior lead
Speaker 1: software engineer digital assets team and the salaries are pretty
Speaker 1: nice one hundred and seventy one thousand to two hundred
Speaker 1: and sixty thousand dollars range. Morgan Stanley looking for financial
Speaker 1: crimes digital Asset transformation lead. You know they just launched
Speaker 1: crypto trading with each yesterday. Black Rock looking for a
Speaker 1: director of Digital Assets. So all these major firms that
Speaker 1: is more by the way, are building out their teams,
Speaker 1: building out their services. So this is why I'm so bullish. Guys.
Speaker 1: We're so early, they're still building right, So we just
Speaker 1: got to have the long term view. Get through the
Speaker 1: volatility and the bear market and bull market will return
Speaker 1: and we're going to see higher prices and new all
Speaker 1: time highs, especially with the Clarity Act passing. But these
Speaker 1: firms are not holding back. They're trying to get as
Speaker 1: much challenge in place and build out their business. Now
Speaker 1: twenty one Shares is launching the first Canton network ETF
Speaker 1: in the US. So this is pretty big Canton network,
Speaker 1: fairly new. I was telling you guys about this since
Speaker 1: last year. I am a holder of the TOGN I
Speaker 1: believe this is going to be one of the big
Speaker 1: blockchains that's going to be a winner. Not guaranteed, of course.
Speaker 1: They have privacy built into their natively into their blockchain,
Speaker 1: which is public, and it's backed by the likes of Citadel, Goldman, Sachs,
Speaker 1: a lot of Wall Street firms. So they're doing a
Speaker 1: lot of big things here. So this is a blockchain
Speaker 1: you should check out, and it's great to see that
Speaker 1: an ETF is coming now. Kraken continues to do some
Speaker 1: amazing acquisitions. So they are going to buy stable coin
Speaker 1: payments firm REAP in a six hundred million dollars deal.
Speaker 1: Kracken owner Payward will acquire Hong Kong based REEP Technologies
Speaker 1: as the crypto exchange expands as stable coin and payments
Speaker 1: infrastructure business in Asia. Now we've been talking about crack
Speaker 1: and making these acquisitions, doing a lot to get ready
Speaker 1: to go public. Right they're going to do an IPO.
Speaker 1: They're probably waiting for much more favorable market conditions. But
Speaker 1: a huge acquisition here, and they're doing so much, they
Speaker 1: certainly want to compete with coinbase and the others. So REP,
Speaker 1: founded by former Stripe Asia Pacific lead Darren Goo and
Speaker 1: X investment banker Kevin Kang, provides cross border business payments
Speaker 1: in infrastructure that links traditional finance with digital assets, with
Speaker 1: a focus on stable coin powered settlement. The REP deal
Speaker 1: follows paywards up to five hundred and fifty million dollar
Speaker 1: acquisition of US derivatives platform Bitnomial and comes as crack
Speaker 1: and Co. CEO our June Sethi says the company is
Speaker 1: about eighty percent ready for an IPO and is targeting
Speaker 1: rapid expansion in both Asia and the United States. So
Speaker 1: this is going to be a big IPO, and this
Speaker 1: may be a company I will invest in, not at
Speaker 1: the IPO because we know there's usually that pump and
Speaker 1: all the insiders and all these guys exit. You wait
Speaker 1: for the price to crash, the stock to crash, right,
Speaker 1: then you take a position. Now look at this. Kolshee
Speaker 1: confirms one billion dollar raise, that twenty two billion dollar
Speaker 1: valuation amid prediction market boom, so similar to polymarket they're
Speaker 1: getting tons of capital here. The prediction market boom is happening.
Speaker 1: And you know, the prediction markets use blockchain technology, guys,
Speaker 1: so another avenue where you have utility right around blockchain,
Speaker 1: so incredible valuations and capital coming in. You know, I
Speaker 1: don't personally use these prediction markets. Some of you may do,
Speaker 1: but you know there's something interesting. I might participate, but
Speaker 1: right now I'd rather put my money towards assets that
Speaker 1: will grow and appreciate over time. But you know, I'll
Speaker 1: let you guys know if I do, you know, create
Speaker 1: my own prediction market type setup and whatever, you know,
Speaker 1: where you guys can all participate as well. Okay, look
Speaker 1: at this news. Amazon's new AI wallet aws, Coinbase and
Speaker 1: Stripe build payment rails for bots. So Amazon Web Services
Speaker 1: has launched Amazon Bedrock Agent core Payments, a new infrastructure
Speaker 1: that lets autonomous AI agents make real time online purchases
Speaker 1: using stable coins, in partnership with Coinbase and Stripe. So
Speaker 1: big players, big tech giants getting involved here. And you
Speaker 1: know we've been talking a lot about it. AI agents
Speaker 1: are not going to use cash or venmo. They're going
Speaker 1: to use stable coins and they're going to run on
Speaker 1: blockchain rails as well. So notice the connections here to
Speaker 1: coinbase and scripe to enable stable coins. Right, So, the
Speaker 1: first version focuses on stable coin micro payments for APIs,
Speaker 1: data feeds and paywold content, with plans to expand to
Speaker 1: larger transactions such as hotel bookings, travel reservations, and merchant payments,
Speaker 1: built on coinbas'es x four h two protocol and stripes
Speaker 1: Privy wallet. The system is part of a broader push
Speaker 1: to enable an agentic economy in which AI agents act
Speaker 1: as independent economic actors for users, with early testing from
Speaker 1: companies like Warner Brothers and Discovery. So, guys, imagine you
Speaker 1: have your AI agent goes out and books your flights,
Speaker 1: your hotels for you, and it can make the payments
Speaker 1: with stable coins, so that can save you time. Right,
Speaker 1: it can go out and get you the information. You
Speaker 1: take a look at it, and you you must say, okay,
Speaker 1: book this hotel, book this flight, get me this seat,
Speaker 1: and it goes out and does it. That's where we're
Speaker 1: headed to, right, where these agents can do these things,
Speaker 1: and of course they have to have their wallets, and
Speaker 1: of course stable coins are going to have to be
Speaker 1: the method used for instant settlement and verification. So the
Speaker 1: future is going to be pretty wild, guys, with humanoid
Speaker 1: robots AI agents. But you know, while there is maybe,
Speaker 1: let's say a bit of a dystopian aspect to some
Speaker 1: of this, I think there's also positives where it's going
Speaker 1: to free up people to be able to be human
Speaker 1: in a sense of going out and doing what they love,
Speaker 1: spending more time in nature, spending more time with people.
Speaker 1: Because if you look at the direction technology has taken
Speaker 1: us right all online, We're all on our phones, we're
Speaker 1: constantly scrolling all these things. Well, if you have these
Speaker 1: AI agents that can go do these things, it can
Speaker 1: free you up to give you the time to maybe
Speaker 1: go read a book again, go for a walk, go
Speaker 1: ext These are things I'm hoping that we can get
Speaker 1: to because you will have to spend that time doing
Speaker 1: a lot of these things, the AI agents can take
Speaker 1: care of it, and hopefully human beings and I know
Speaker 1: I have that goal, and I have that goal for
Speaker 1: my daughter as well, to then go out and do
Speaker 1: things that connect you with nature and can give you
Speaker 1: fulfillment and so forth. Right, So, again, there's pros and
Speaker 1: cons to everything, and hopefully the pros is what I
Speaker 1: just you know, mentioned, But this is very interesting, guys.
Speaker 1: If Amazon's getting involved, you know how big this economy
Speaker 1: is going to be, and get ready for Google and
Speaker 1: Microsoft and the others to jump in as well. So
Speaker 1: very very interesting. Now, guys, I want to give you
Speaker 1: a quick update on Michael Saylor. You know, we talked
Speaker 1: about it in a couple of podcasts ago about him
Speaker 1: all of a sudden flipping to wanting to sell bitcoin right,
Speaker 1: and he's starting to change his propaganda tweets because he's
Speaker 1: had these ridiculous tweets, you know, sell your kidney to
Speaker 1: buy bitcoin, mortgage yours. And I've been very critical of
Speaker 1: that over the years. Not that he's buying big coin. No,
Speaker 1: he started out really good buying bitcoin and I thought
Speaker 1: that was very good. But then he started getting greedy
Speaker 1: right and leveraging up like crazy, And this is what
Speaker 1: worries me. I've talked about it for years, the amount
Speaker 1: of leverage. We've seen this in trad fi and we've
Speaker 1: seen it doesn't end well. So I'm hoping there's no
Speaker 1: major collapse because I actually don't want that to happen.
Speaker 1: It'll be really bad for a bitcoin in the crypto market,
Speaker 1: it'll be a black stain, and I hope that doesn't happen.
Speaker 1: But now he's talking about selling his bitcoin. And you know,
Speaker 1: for years he was yelling at people, don't you don't
Speaker 1: sell your bitcoin and all kinds of craps. So you know,
Speaker 1: was he lying, was he just you know, trying to
Speaker 1: get you to hold a bag while you know he's
Speaker 1: trying to prop up micro strategies stock price right. So
Speaker 1: this is where guys always do your own research and
Speaker 1: be sure you're not following anyone religiously. You think for yourself.
Speaker 1: You have critical thinking because you literally go to the
Speaker 1: common section. You know, I posted some things, criticize some
Speaker 1: of these things, and you have these people, Oh dare
Speaker 1: you talk about Salor? Right, It's like they're worshiping demand
Speaker 1: don't worship people. Don't worship politicians, guys, And it's pretty ridiculous.
Speaker 1: It's like a cult, right, which is ridiculous. So Sailor
Speaker 1: lost the narrative, and he's talking about selling bigcoin. And
Speaker 1: after years and years of being a jerk about oh,
Speaker 1: don't you ever sell your bitcoin? And I've always told you, guys,
Speaker 1: do what's best for you financially, right, if you need
Speaker 1: to take profits to go buy a house or pay
Speaker 1: off some debt, do what you gotta do. Obviously, again,
Speaker 1: I don't know your financial situation, but do what's best
Speaker 1: for you. And don't listen to these guys who tell
Speaker 1: you never to sell and all that right, because they
Speaker 1: Sailor was already a multi millionaire before he got into
Speaker 1: bitcoin and crypto, and he's trying to tell you not
Speaker 1: to sell. And many of us are not multimillionaires, right,
Speaker 1: So just a little bit of perspective there, keeping you know,
Speaker 1: make sure you look at all angles. But it's ridiculous
Speaker 1: now he's saying that is tweet today was buy more
Speaker 1: bitcoin than you sell. So big change in the propaganda
Speaker 1: he's been putting out. Anyway, Guys, that's the news. Let
Speaker 1: me know what to think. Leave your thoughts and comments below.
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Speaker 1: to expand your knowledge about crypto and blockchain tech. I
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Speaker 1: links will be in the description. Folks, thank you so
Speaker 1: much for tuning in. I appreciate you all, and I'll
Speaker 1: talk to you all. La