WEBVTT

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<v Speaker 1>Hey everyone, welcome into the Thinking Crypto podcast. 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 a thumbsup button and leave a common 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 be sure to leave a five star

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<v Speaker 1>rating and follow folks. Lots of great price action today,

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<v Speaker 1>So let's start with the price of bitcoin. So bitcoin

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<v Speaker 1>at the time of recording is a seventy four three

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<v Speaker 1>hundred and six dollars. We continue to see strength. We've

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<v Speaker 1>been covering the relief rally for weeks now. Right looking

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<v Speaker 1>at the chart and this setup that was there, there

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<v Speaker 1>were still a lot of people saying, no way, there's

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<v Speaker 1>not going to be a relief rally, but here it is.

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<v Speaker 1>And I'm not saying we're going to new high So

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<v Speaker 1>please understand the situation at hand. We are still in

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<v Speaker 1>a bear market. We are certainly nary bottom after a major,

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<v Speaker 1>major drop from one hundred and twenty six thousand down

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<v Speaker 1>to sixty something thousand here, so great to see this

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<v Speaker 1>is happening. And on the weekly chart we are seeing

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<v Speaker 1>a lot of strength as well, you know, we've been

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<v Speaker 1>highlighting that the RSI was in the over soul zone.

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<v Speaker 1>It's turning to move away from there. The mac D

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<v Speaker 1>shows the bears are losing momentum, and if you look

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<v Speaker 1>at coin market Cap, you're seeing green across the board.

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<v Speaker 1>Alts are starting to wake up. For example, Etheroreum is

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<v Speaker 1>up near eleven percent over the past twenty four hours,

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<v Speaker 1>XRP up near eight percent, and there's other all coins

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<v Speaker 1>that are doing well. So I do believe that the

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<v Speaker 1>altar are going to follow Bitcoin's move, and the RSI

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<v Speaker 1>on the Bitcoin Daily Charts shows there's still room for

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<v Speaker 1>it to run. The mac D shows the bulls are

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<v Speaker 1>in control. So these are all positive signs. The other factor,

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<v Speaker 1>which is something I had brought up in the past,

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<v Speaker 1>and that is bitcoin priced in gold has found a bottom.

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<v Speaker 1>It's starting to break out here. We got a green

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<v Speaker 1>kennel on a chart, so it's been going down and

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<v Speaker 1>down as gold has been rising and ripping. Right, we

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<v Speaker 1>saw was in a bull market and bitcoin was dumping

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<v Speaker 1>doing the opposite. So now the bottom is formed. And

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<v Speaker 1>of course if you look at the gold chart, what

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<v Speaker 1>is gold doing. It's starting to break down. I think

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<v Speaker 1>it pretty much topped out after that parabolic move. So

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<v Speaker 1>rotation of liquidity, I've been talking about it for a

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<v Speaker 1>long time and you're seeing it play out now. Now

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<v Speaker 1>it doesn't happen according to our timeline, right, the markets

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<v Speaker 1>can stay in a certain position for a very long

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<v Speaker 1>time where it almost makes you question your thesis and

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<v Speaker 1>what's happening. But this is where patience and the macro

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<v Speaker 1>review is so important because now months later we can

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<v Speaker 1>sit back and say, here you go, here's some rotation

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<v Speaker 1>that's happening. And again I'm not saying this is a

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<v Speaker 1>move to new all time high for bitcoin, but the

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<v Speaker 1>data doesn't lie. I'm sharing the data and it looks

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<v Speaker 1>like here that bitcoin pricing gold has bottom. And not

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<v Speaker 1>to mention, bitcoin has been outperforming both gold and the

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<v Speaker 1>stock market. Now, speaking at a stock market, you know,

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<v Speaker 1>I've been highlighting there's a lot of weakness here. There's

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<v Speaker 1>distribution happening on the S and P five hundred as

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<v Speaker 1>well as the NASDAC, and that is something we have

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<v Speaker 1>to watch. Now. A good sign is that this stock

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<v Speaker 1>market is nearing the S and P five hundred is

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<v Speaker 1>nearing the over sol zone. It's RSI and the daily chart.

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<v Speaker 1>So could it dip a little bit below, find the bottom,

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<v Speaker 1>then start its own relief rally, just like what Big

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<v Speaker 1>One's doing. Sure, but if it was, you know, starting

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<v Speaker 1>to fall off a cliff and going crazy, that would

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<v Speaker 1>have me worried because the stock market has this gravitational

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<v Speaker 1>pull where it's going to pull these other acid classes,

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<v Speaker 1>especially crypto, with it. So let's see, today's a little

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<v Speaker 1>bit of a bounce on the S and P five

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<v Speaker 1>hundred as well as the NASDAK and like I said,

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<v Speaker 1>nearing that over soul zone, and maybe it goes down

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<v Speaker 1>a little bit more, then bottom's out. And I'm not

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<v Speaker 1>saying that's a macro bottom. You know that it starts

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<v Speaker 1>up in this massive bull market again, but it could

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<v Speaker 1>be a local bottom before we have a relief rally

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<v Speaker 1>then rollover to lower lows. So that's gonna be my

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<v Speaker 1>base case for now. I would love to be wrong.

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<v Speaker 1>I would love for both the crypto market and the

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<v Speaker 1>stock market to just rally to new all time highs.

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<v Speaker 1>That would be amazing. I'll take that l any day

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<v Speaker 1>because my portfolio would be winning. Right, You get what

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<v Speaker 1>I'm saying. It's not about necessarily, you know, my ego,

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<v Speaker 1>but just my portfolio. If I want the money, right,

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<v Speaker 1>you could take the fame, you can say I called it.

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<v Speaker 1>That's fine. I just want my portfolio to go up.

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<v Speaker 1>And I'm sure many of you agree with me. So

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<v Speaker 1>that's where we're at. We're seeing some positive signs, and

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<v Speaker 1>like I've been saying, I think alts A're gonna follow

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<v Speaker 1>bigcoin and let's see how high Bitcoin goes. You know,

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<v Speaker 1>I wrote a newsletter today. Make sure you're subscribe guys.

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<v Speaker 1>It's free. It's on substack where I outline different charts

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<v Speaker 1>where I showed charts for certain all coins and total

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<v Speaker 1>three and how those are playing out, showing that they're

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<v Speaker 1>about to follow Bitcoin as well. The inverse to all

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<v Speaker 1>of this movement for the crypto is that USDT dominance

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<v Speaker 1>is collapsing. So that's a good sign, and it means

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<v Speaker 1>the stable coin liquidity is starting to make its way

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<v Speaker 1>into the market. And you know, this is a legit rally,

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<v Speaker 1>so it's not like this is hovering sideways or it's

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<v Speaker 1>still climbing and there's like a rally. So you know,

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<v Speaker 1>you could say, hey, that looks like some sort of

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<v Speaker 1>fake out right there. But I think this is confirmation

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<v Speaker 1>that we are seeing liquidity move back into the market.

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<v Speaker 1>Now on the topic of gold, you know, one of

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<v Speaker 1>the things I've been highlighting is that we're starting to

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<v Speaker 1>see cracks in the market and the economy, and that

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<v Speaker 1>you know, in the near term, not saying that in

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<v Speaker 1>the short term, but the near term, we could see

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<v Speaker 1>some collapses. I'm not saying that's a guarantee, but we're

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<v Speaker 1>just seeing cracks right the job market, the Iran situation,

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<v Speaker 1>and look at this today, trading was halted in all

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<v Speaker 1>contracts on the London Metal Exchange, so people maybe panicking

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<v Speaker 1>about gold and silver trying to hear, redeem and sell

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<v Speaker 1>and they had to halt trading. And then you know,

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<v Speaker 1>I was highlighting a black rock having to pause withdrawals

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<v Speaker 1>of its private credit fund. So that's not a good sign.

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<v Speaker 1>When the world's largest acid manager has to pause withdrawals,

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<v Speaker 1>you know, that's a worrisome thing. Again, I'm not a doomer.

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<v Speaker 1>I'm not calling for a massive collapse or whatever, but

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<v Speaker 1>it just seems there are signals here that things are

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<v Speaker 1>starting to break. And it's usually or maybe the mo

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<v Speaker 1>of the Fed and the government they want that to happen.

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<v Speaker 1>So that it gives them the narrative, the excuse to say, see,

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<v Speaker 1>we had to print this amount of money, so I

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<v Speaker 1>think they ramp up keweed. They will put it on

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<v Speaker 1>steroids and do the bailouts. Right, They're not gonna let

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<v Speaker 1>the assets go to zero. Guys, please, if that's what

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<v Speaker 1>you think, then you're crazy. You don't understand how this

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<v Speaker 1>all works. They print money and asset prices keep going up.

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<v Speaker 1>Zoom out on the charts and you'll see the trend

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<v Speaker 1>is keep going up and up and up. And that

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<v Speaker 1>is because this is how the FIATSA the works. It's

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<v Speaker 1>a debt based system. And yes, they allow recessions to happen.

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<v Speaker 1>Yes they allow crashes to happen, but that is actually good.

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<v Speaker 1>It allows them to reset things. Now, it hurts people economically,

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<v Speaker 1>you know, they lose jobs, companies go out of business

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<v Speaker 1>and much more. But understand how the game is played

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<v Speaker 1>and positioning yourself and have the macro view. And you know,

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<v Speaker 1>as far as Bigcoin's concern, Michael Sailor and other folks

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<v Speaker 1>are accumulating. So Salor announced today that Strategy has acquired

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<v Speaker 1>twenty two, three hundred and thirty seven bitcoin for approximately

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<v Speaker 1>one point five seven billion dollars at an approximate price

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<v Speaker 1>of seventy one hundred and ninety four dollars, so he

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<v Speaker 1>continues to buy the Japanese version of micro strategy, which

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<v Speaker 1>is meant a planet. They have raised two hundred and

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<v Speaker 1>fifty five million dollars and have added warrant structure for

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<v Speaker 1>Bitcoin buy so they're raising capital to go buy more bitcoin.

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<v Speaker 1>And on the ethereum front, Tom Lee's Bitmind has bought

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<v Speaker 1>more Bigcoin, so their treasury is now up to four

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<v Speaker 1>point six million ETH, which is wild. I believe they

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<v Speaker 1>continue to hold the record for being the largest eth

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<v Speaker 1>digital ascid treasury company. So Tom Lee gave an update

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<v Speaker 1>and he said they bought five thousand eath directly from

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<v Speaker 1>the Theorem Foundation, So it's incredible the amount of buying

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<v Speaker 1>that's happening. So this seems like it's gonna work out

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<v Speaker 1>because I believe the market bottom is in, if not

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<v Speaker 1>very close, right, I've been talking about a relief rally,

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<v Speaker 1>then a rollover to possibly lower lows. Bitcoin goes to

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<v Speaker 1>the fifty k's eth obviously, and the alto will bleed

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<v Speaker 1>out more. But if you're buying these prices, it's the

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<v Speaker 1>bottom zone. No one can exactly call the bottom, but

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<v Speaker 1>this is not a bad place to be buying. Even

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<v Speaker 1>if you get another ten percent downturn or fifteen percent,

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<v Speaker 1>still really good if you think about the cyclicality of

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<v Speaker 1>markets and that if you're paid and you have the

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<v Speaker 1>longer term view, by twenty twenty seven, we're going to

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<v Speaker 1>be at higher prices and things along those lines. Even Blackrock,

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<v Speaker 1>you know their ETF inflows have increased. They bought another

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<v Speaker 1>eight five hundred and eighty bitcoin last week, so inflows

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<v Speaker 1>every day for the first time since October. So as

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<v Speaker 1>far as the weekly perspective is concerned, So starting to

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<v Speaker 1>see recovery here on multiple fronts now, folks. A great

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<v Speaker 1>place where you can buy crypto as well as precious

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<v Speaker 1>metals like gold and silver is at I Trust Capital.

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<v Speaker 1>I Trust Capital offers a unique way of investing by

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<v Speaker 1>doing it via an IRA, which gives you huge tax benefits.

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<v Speaker 1>So you can access over eighty crypto assets bitcoin, xrp Theorem,

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<v Speaker 1>Salona and much more, plus gold and silver in this IRA.

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<v Speaker 1>So again if you have a long term view on

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<v Speaker 1>these assets, but doing it through the IRA gives you

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<v Speaker 1>the tax benefits because many of you know you incur

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<v Speaker 1>capital gains tax when you sell for a profit right

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<v Speaker 1>and if you have an existing IRA or for one kit,

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<v Speaker 1>you can simply roll it over to the I Trust

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<v Speaker 1>IRA account and you can buy and sell twenty four

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<v Speaker 1>to seven. It's low costs, there are no monthly fees.

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<v Speaker 1>They also offer a great option as far as custody.

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<v Speaker 1>So I Trust Capital uses coinbased prime, fidelity, digital assets, fireblocks,

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<v Speaker 1>and others for its custody is diversified and they're using

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<v Speaker 1>tier one custodial options. So we know black Rock uses

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<v Speaker 1>coinbas prime. So this I believe is the second safest

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<v Speaker 1>way behind self custody to custody your assets. So it's

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<v Speaker 1>a closed loop system. If someone hacks into your account,

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<v Speaker 1>they cannot withdraw any funds and you can buy and

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<v Speaker 1>sell the crypto twenty four to seven. So great option here.

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<v Speaker 1>And guys, if you use my link, you can get

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<v Speaker 1>one hundred dollars funding bonus. I have an account with them,

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<v Speaker 1>so check it out. Link would be in the description. Okay,

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<v Speaker 1>moving ahead, we got more news of crypto adoption by

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<v Speaker 1>traditional financial companies. So tro price files and Amendment number

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<v Speaker 1>two for its active crypto ETF which will track multiple

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<v Speaker 1>assets including bitcoin, etheroreum, XRP, Lightcoin, and siba Inu, among

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<v Speaker 1>other assets. So it's great to see these folks are

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<v Speaker 1>building on rams and we know many of them have

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<v Speaker 1>been around for a long time before crypto. They have

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<v Speaker 1>their customer base millions and millions of people, they have

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<v Speaker 1>the brand, and they can go and say, hey, you

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<v Speaker 1>want to get access to crypto, here you go. And

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<v Speaker 1>of course with these ETFs, especially the spot ETFs, they

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<v Speaker 1>actually have to buy the assets. So this is all

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<v Speaker 1>very bullish. Moving ahead, crypto wealth platform ABRA plans to

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<v Speaker 1>go public via a seven hundred and fifty million dollars

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<v Speaker 1>SPAC merger with New Providence Acquisition Corp. Three, listing on

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<v Speaker 1>the NASDAC under the ticker ABRX. The deal could deliver

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<v Speaker 1>approximately three hundred million dollars cash for expansion into institutional lending,

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<v Speaker 1>yield and custody. Many of you may recall I usually

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<v Speaker 1>have Bill Barheight on maybe once a year. He's the

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<v Speaker 1>founder and CEO of ABRA, and they've been around for

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<v Speaker 1>a long time. They've gone through, you know, different ups

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<v Speaker 1>and downs, but they're doing pretty well and it looks

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<v Speaker 1>like they're ready to go public. So this is a

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<v Speaker 1>good sign if companies are looking to go public at

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<v Speaker 1>this point that you know this rally may continue, because look,

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<v Speaker 1>they're not gonna look to go public when prices are dumping.

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<v Speaker 1>They're gonna want to go when it's up and people

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<v Speaker 1>get more bullish. I hope you understand how this all

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<v Speaker 1>works in markets. So very good sign overall. And we

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<v Speaker 1>are just seeing crypto companies go public, expanding, mergers, acquisitions,

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<v Speaker 1>all big stuff for the continual growth of the market.

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<v Speaker 1>All right, moving ahead. Iron Light raises twenty one million

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<v Speaker 1>dollars to scale marketplace for tokenized securities. So iron Light

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<v Speaker 1>Group has raised twenty one million dollars in a series

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<v Speaker 1>A round to expand infrastructure for tokenized securities, including scaling

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<v Speaker 1>its alternative trading system and technology platform for issuing, distributing,

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<v Speaker 1>and trading digital securities. The privately held companies said. The

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<v Speaker 1>round included backing from institutional investors and financial services executives,

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<v Speaker 1>led by TD Bank President and CEO Greg Broka, along

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<v Speaker 1>with the SAY Development Foundation. So many of you may

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<v Speaker 1>be familiar with the SAY blockchain. I personally don't hold

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<v Speaker 1>a token, but it's certainly been making a lot of progress,

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<v Speaker 1>So the funds will be used to expand iron Light's

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<v Speaker 1>marketplace infrastructure for tokenized assets, including the iron Light Market's

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<v Speaker 1>alternative trading system and its settlement platform. The company operates

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<v Speaker 1>a broker dealer and alternative trading system for digital and

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<v Speaker 1>traditional securities under SEC regulation ATS and finnraw oversite. So

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<v Speaker 1>we continue to see the building out of the infrastructure

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<v Speaker 1>for tokenized securities and other assets. And it's what we've

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<v Speaker 1>been talking about for years on this podcast. We are

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<v Speaker 1>headed to the token economy, and as I've been saying

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<v Speaker 1>for the Billy, in time, the future, capital markets, economies,

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<v Speaker 1>and governments will all run on blockchain rails. That is

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<v Speaker 1>where we're headed to. Okay, moving ahead. South Korea's Hana

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<v Speaker 1>Financial partners with Standard Chartered on digital assets. So big

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<v Speaker 1>partnerships are happening here. Hana Financial, one of South Korea's

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<v Speaker 1>largest financial conglomerates, has partnered with Standard Chartered on finance

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<v Speaker 1>and digital assets. On Sunday, Hana Financial set it's signed

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<v Speaker 1>a business agreement with the United Kingdoms Standard Chartered Group

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<v Speaker 1>for cooperation with global financial business and digital assets feels

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<v Speaker 1>on Hop News reported the agreement covers collaboration in various

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<v Speaker 1>global financial sectors, including investing, banking, money markets, foreign exchange,

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<v Speaker 1>and digital assets. Here's a quote. We will create new

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<v Speaker 1>growth both opportunities by generating synergies in future financial areas,

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<v Speaker 1>including digital assets. On a financial chairman ham Young Jews said,

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<v Speaker 1>I hope you pronounced his name, adding that the companies

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<v Speaker 1>aim to deploy their extensive networks and diverse financial expertise.

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<v Speaker 1>So again, guys, the building continues, partnerships, companies going public,

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<v Speaker 1>expansions globally, raising capitals. Pretty incredible stuff. And of course

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<v Speaker 1>part of what's going to drive the adoption is legislation clarity. Obviously,

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<v Speaker 1>here in the United States we're waiting for the Clarity

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<v Speaker 1>Act to pass. That that may happen this year or

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<v Speaker 1>it may not. We're going to have to wait and see.

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<v Speaker 1>But nevertheless, the ball is rolling globally. And here's another example.

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<v Speaker 1>Australian Senate committee backs crypto platform licensing bill. So Australia's

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<v Speaker 1>Senate Economics Legislation Committee has backed a bill that would

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<v Speaker 1>require crypto exchanges and tokenization platforms to comply with the

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<v Speaker 1>country's existing Financial Service is regime, recommending that corporation's Amendment.

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<v Speaker 1>Digital Assets Framework Bill twenty twenty five be pass The

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<v Speaker 1>move on March sixteenth brings Australia a step closer to

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<v Speaker 1>a bespoke licensing framework for digital asset platforms and tokenized

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<v Speaker 1>custody platforms, aimed at closing gaps in oversight of platforms

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<v Speaker 1>that hold customer assets following the collapses of high profile

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<v Speaker 1>digital asset businesses such as FTX. So again, guys, globally,

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<v Speaker 1>everybody is embracing the industry. They're putting out the rules

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<v Speaker 1>and regulations and yes, some are still in the process

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<v Speaker 1>of getting stuff done. They got to put the legislation together,

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<v Speaker 1>they got to talk to the industry. They're going to

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<v Speaker 1>be back and forth. They're going to do different drafts, right,

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<v Speaker 1>there's going to be discussions, but eventually they're going to

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<v Speaker 1>get it passed. And again we're just seeing it happen globally,

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<v Speaker 1>and even from countries you wouldn't necessarily think would be

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<v Speaker 1>very pro crypto of very advance in technology, they're doing

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<v Speaker 1>it right. Sometimes it's like Coazakhstan or this country that

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<v Speaker 1>you know, you don't really hear about, and they're all

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<v Speaker 1>setting up their regulatory framework to embrace the Technology and

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<v Speaker 1>Acid Claus final news item here. This is a weird

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<v Speaker 1>one because I never heard of this company and battle

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<v Speaker 1>crypto lender block Fills files for bankruptcy in the US.

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<v Speaker 1>Now again, I've never heard of this firm. I don't

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<v Speaker 1>know who's been using it, but apparently it seems like

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<v Speaker 1>it's more on the institutional side and they're a crypto

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<v Speaker 1>lending platform. But it's given me deja vus. I'm sure

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<v Speaker 1>many of you remember block Fi as well as Celsius

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<v Speaker 1>back in twenty twenty two when you had those collapses

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<v Speaker 1>and a lot of lending problems with Genesis Trading and Gemini,

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<v Speaker 1>and it was a mess, right, But I think we've

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<v Speaker 1>put those things behind this. But I think overall, a

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<v Speaker 1>lot of companies, crypto companies fared well in this bear

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<v Speaker 1>market because I think everybody was much more prepared. You know,

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<v Speaker 1>the bad actors have been weeded out for the most part.

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<v Speaker 1>I'm not saying block Fields is a bad actor. Maybe

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<v Speaker 1>their business was just simply not ran well. But it

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<v Speaker 1>seems here that they've had to file bankruptcy, and this

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<v Speaker 1>is a casualty of the bear market. Right. So in

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<v Speaker 1>the filing, block Fils estimated it had assets between fifty

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<v Speaker 1>to one hundred million dollars and estimated liabilities between one

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<v Speaker 1>hundred million to five hundred million. So you know, if

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<v Speaker 1>you've used this platform, please let me know, because this

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<v Speaker 1>is the first time I'm hearing of them. I don't

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<v Speaker 1>think they're that big. I think they're a very small firm,

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<v Speaker 1>but it seems like they had a lot of funds

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<v Speaker 1>here and hopefully with bankruptcy, you know, customers are made

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<v Speaker 1>whole and so forth. I do believe that you know,

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<v Speaker 1>new rules on the SEC and much more and all

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<v Speaker 1>these things. It should help with all these things, resolving

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<v Speaker 1>all these things, and hopefully it's not too bad. But yeah,

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<v Speaker 1>sucks to see this happen. But these are things that

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<v Speaker 1>happen in the bear market, right, even if it's non

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<v Speaker 1>crypto and the regular stock market, you often hear companies

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<v Speaker 1>filing from bankruptcy and much more so. It is what

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

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<v Speaker 1>you think. Leave your thoughts in comments below, hit the

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<v Speaker 1>thumbs up button. Subscribe if you haven't as yet, be

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<v Speaker 1>sure to support the podcast by subscribing to my free

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<v Speaker 1>email newsletter on substack. It's one hundred percent free linking

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<v Speaker 1>the description. As I mentioned earlier, I put out a

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<v Speaker 1>write up today, so go check it out, guys. You

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<v Speaker 1>can take your time and read through it. I put

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00:19:25.240 --> 00:19:29.960
<v Speaker 1>a lot of chart and metrics information in there, so again,

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<v Speaker 1>be sure to sign up, and be sure to grab

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00:19:32.720 --> 00:19:34.920
<v Speaker 1>a copy of my book on Amazon that's available in

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00:19:34.920 --> 00:19:37.680
<v Speaker 1>paperback in digital. And if you want to expand your

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<v Speaker 1>knowledge about crypto and blockchain technology and get a full understanding,

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<v Speaker 1>well I have a comprehensive course for you. It's at

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00:19:44.759 --> 00:19:47.799
<v Speaker 1>Mycrypto course dot com. This is a course I put together,

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00:19:48.200 --> 00:19:51.640
<v Speaker 1>features videos, text write ups, downloadable materials. You're going to

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<v Speaker 1>hear from experts, people who are actually building and investing

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<v Speaker 1>in crypto, such as institutional investors. So check it out, guys.

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<v Speaker 1>This is a comprehence of course. It teaches you everything

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<v Speaker 1>you need to know. All the links will be in

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<v Speaker 1>an inscription. Folks, thank you so much for tuning in.

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<v Speaker 1>I appreciate you all, and I'll talk to you all

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<v Speaker 1>later