WEBVTT

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<v Speaker 1>We're seeing some movement with Kamala Harris and Crypto as

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<v Speaker 1>a group of Democrats have formed Crypto for Harris. In addition,

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<v Speaker 1>Congressman rocan Is Crypto meeting with Democrats and industry leaders

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<v Speaker 1>is happening this week. And Elizabeth Warren and Gary Ginster

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<v Speaker 1>are up to their old tricks again, trying to stop

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<v Speaker 1>polymarket and Gary Ginster doing a lot of shady stuff

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<v Speaker 1>at the SEC. In addition, Bitcoin is finding some sort

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<v Speaker 1>of bounce and the vix is reducing in volatility. We're

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<v Speaker 1>gonna break it down and much more. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto Podcasts. 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 hit that subscribe button as well as

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<v Speaker 1>a 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, Let's

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<v Speaker 1>start by taking a look at the price of bitcoin

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<v Speaker 1>onder daily. The RSI is seeing a bit of a

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<v Speaker 1>bounce here. Bitcoin at fifty five twenty seven dollars at

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<v Speaker 1>the time of recording. This is a good sign and

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<v Speaker 1>right now Bitcoin is in that over soul zone for

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<v Speaker 1>the RSI, so it's expected that we're gonna see some

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<v Speaker 1>sort of bounce and the price to keep moving up.

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<v Speaker 1>The question is are we gonna roll over and keep

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<v Speaker 1>testing lows and possibly go lower. That is a possibility.

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<v Speaker 1>I'm hoping it doesn't happen and we you know, find

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<v Speaker 1>that bottom and keep moving upwards. But I think we're

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<v Speaker 1>not out of the woods yet, my friends. And some

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<v Speaker 1>other good signs that we are seeing is the Nasdaq

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<v Speaker 1>is doing the same thing. It's bouncing. It's daily RSI

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<v Speaker 1>is bouncing, and the VIS, the volatility index for the

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<v Speaker 1>S and P five hundred is pulling back. So huge

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<v Speaker 1>spike yesterday, massive green candle as you can see here

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<v Speaker 1>on the chart. But we are seeing a pullback, a

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<v Speaker 1>red candle on the daily here. So we want this

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<v Speaker 1>to go down because that's an indication of how volatile

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<v Speaker 1>things could get. So we wanted to calm down. We

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<v Speaker 1>want markets to you know, take a deep breath here,

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<v Speaker 1>let the dust settle, and then we start to move up.

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<v Speaker 1>So we got to give this time. I say, you know,

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<v Speaker 1>give it two to three weeks. Guys. Look, it's annoying.

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<v Speaker 1>It's we're not going to see any type of fireworks

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<v Speaker 1>unless there's some very bullish macro news like money printing,

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<v Speaker 1>liquidity injections and so forth, or raycuts. You know, we'll

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<v Speaker 1>see now. On that note, I did want to share

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<v Speaker 1>what macro investor Dan Tapierro had to say about the VIX.

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<v Speaker 1>He says, likely that yesterday was a low in everything.

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<v Speaker 1>Why third largest spike in the VICKS in the past

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<v Speaker 1>thirty five years, unwarranted to extreme, given much better macro

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<v Speaker 1>fundamental backdrop today than twenty eight and twenty twenty, could

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<v Speaker 1>see the market retest. But Vic's peak is in. He says,

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<v Speaker 1>Bitcoin Nasdaq higher by the end of the year. So

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<v Speaker 1>I'm in total agreement here. And he looks at it

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<v Speaker 1>from a macro standpoint, so not the daily, hourly and weekly,

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<v Speaker 1>but you've got to look at it quarterly, yearly, monthly

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<v Speaker 1>as well. So I think he's spot on. This type

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<v Speaker 1>of spike on the VIX is so extreme that it's

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<v Speaker 1>pretty much done for the most part. So we just

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<v Speaker 1>wanted to get back to a normal level or normalize,

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<v Speaker 1>and we can keep this show going now tomorrow guys.

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<v Speaker 1>As a reminder, Morgan Stanley, their wealth advisors will be

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<v Speaker 1>able to start offering bitcoin ETFs to their wealthy clients.

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<v Speaker 1>And that's fifteen thousand wealth advisors. And if you recall,

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<v Speaker 1>I reported on this news last week. So this is

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<v Speaker 1>going to kick off tomorrow and this could help usher

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<v Speaker 1>in a lot more capital into the bitcoin ETFs. They

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<v Speaker 1>are specifically pitching the black Rock and Fidelity ETFs. So

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<v Speaker 1>let's see what type of volume comes in here. I'm

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<v Speaker 1>not expecting anything crazy day one. It's going to have

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<v Speaker 1>to ramp up. Of course, I would say give this

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<v Speaker 1>a month so we can judge it by then, and

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<v Speaker 1>the folks at Bloomberg and the analysts will have some

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<v Speaker 1>data to share. But another major on ramp being set

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<v Speaker 1>up here. As I stated when I broke this news,

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<v Speaker 1>that game theory is going to play out here. The

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<v Speaker 1>other wirehouses and banks and so forth, they're going to

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<v Speaker 1>start offering this. So the bullmarket is still here, folks.

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<v Speaker 1>There hasn't been any major invalidation and people will be buying. Look,

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<v Speaker 1>they'll be buying at a discount, right, Buying bigcoin at

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<v Speaker 1>this price is pretty good because we are still expecting

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<v Speaker 1>upside and the bull market to continue, all right, let's

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<v Speaker 1>move ahead. We got some interesting crypto news around the

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<v Speaker 1>regulatory space. So eleanor Tarota, Fox Business is reporting a

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<v Speaker 1>lot of big stuff here. First up, a collection of

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<v Speaker 1>Democrats in the crypto space who don't want to see

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<v Speaker 1>Donald Trump run away with this issue have created a

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<v Speaker 1>group called Crypto for Harris. So they created a Twitter profile.

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<v Speaker 1>It says a grassroots network of crypto advocates organizing fundraising

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<v Speaker 1>and developing a nuanced crypto policy approach for the Harris

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<v Speaker 1>for President campaign. So the group says it will hold

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<v Speaker 1>a public virtual town hall next Wednesday to discuss ways

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<v Speaker 1>it plans to support the Harris campaign. Billionaire entrepreneur Mark

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<v Speaker 1>Cuban will speak at the meeting alongside other industry participants.

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<v Speaker 1>So first up, Trump supporters, relax, Okay, I'm just reporting

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<v Speaker 1>the news. I'm not saying to vote for Kamala Harris.

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<v Speaker 1>Neither am I saying to vote for Donald Trump. I'm

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<v Speaker 1>just reporting the news, and you, as an adults, can

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<v Speaker 1>make your own decisions, because crypto is not the only

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<v Speaker 1>issue when it comes to voting in the election. But

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<v Speaker 1>my goal, as I've been stating quite often, is that

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<v Speaker 1>I want crypto to be a non partisan issue. Crypto

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<v Speaker 1>should not be a Republican thing or a Democrat thing.

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<v Speaker 1>It should be a United States thing where it creates

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<v Speaker 1>jobs and wealth opportunities and so forth. So that is

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<v Speaker 1>my goal in reporting this news, and I'm hoping that

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<v Speaker 1>Kamala Harrison her team comes out clearly as to what

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<v Speaker 1>they want to do with crypto. Now, today we did

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<v Speaker 1>hear that Kamala Harris selected her running mates or vice

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<v Speaker 1>president running mate, Tim Watz, and he has not made

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<v Speaker 1>any type of statements about crypto, so we don't know

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<v Speaker 1>where he stands. However, eleanor TRT is reporting that Wally

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<v Speaker 1>Nicol letter to the DNC and Kamala Harris requested a

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<v Speaker 1>VP pick who is pro crypto and knowledgeable about digital assets.

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<v Speaker 1>Once again, we have not heard anything from him, whether

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<v Speaker 1>pro or against er he understands it. So we will

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<v Speaker 1>have to wait and see you on this issue. Now.

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<v Speaker 1>Rocanna is Crypto meeting this week. Remember he did a

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<v Speaker 1>roundtable about two weeks ago where Mark Cuban attended and

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<v Speaker 1>he held it with industry leaders and Democrat leaders and

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<v Speaker 1>so forth. Well, he has another meeting scheduled this week.

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<v Speaker 1>It will take place this Thursday at eleven forty five

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<v Speaker 1>am Eastern. So Democrats, especially like Wiley Nickel and Rocanna

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<v Speaker 1>recognize like Elizabeth Warren and Gary Ginsterer screwed up and

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<v Speaker 1>Democrats are losing the narrative big time, and they're trying

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<v Speaker 1>to save some face here. Now, don't get me wrong.

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<v Speaker 1>There was seventy one Democrats who voted with the Republicans

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<v Speaker 1>in the House to pass the FIT twenty one bills.

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<v Speaker 1>So not all Democrats are anti crypto. Some were simply

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<v Speaker 1>following Elizabeth Warren. Some were just like, we don't know

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<v Speaker 1>about this issue, We're not paying attention. The problem is

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<v Speaker 1>by doing that, you let Elizabeth Warren burn the house

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<v Speaker 1>down right along with Gary Ginzer. Elizabeth Warren had the

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<v Speaker 1>gasoline and Jagary. Gary Ginster had the matches. So it

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<v Speaker 1>turned out to be an epic disaster, and of course

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<v Speaker 1>the industry fought back, punching back against Gary Ginster. He's

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<v Speaker 1>losing in court, he's losing in public opinion, and Elizabeth

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<v Speaker 1>Warren's anti crypto army is falling apart. Now, we also

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<v Speaker 1>got news that Eric Trump, the son of Donald Trump,

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<v Speaker 1>tweeted out today that I have fallen in love with

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<v Speaker 1>crypto slash DeFi stay tuned for a big announcement, and

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<v Speaker 1>he tagged Donald Trump and Donald Trump Junior much more.

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<v Speaker 1>So let's see what he comes up with. It's so

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<v Speaker 1>interesting how both sides are now trying to rally around

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<v Speaker 1>crypto because it is a big issue. Don't get me wrong,

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<v Speaker 1>it's not the number one issue for some people. It is,

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<v Speaker 1>but it could be number five, number six on the

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<v Speaker 1>on the ballot of reasons. You know they're voting, so

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<v Speaker 1>they know there's a lot of money here as well.

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<v Speaker 1>The crypto industry is raised over two hundred million dollars

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<v Speaker 1>to support per crypto candidates. So we'll see what Eric

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<v Speaker 1>comes up with. Hopefully it's not a meme coin or

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<v Speaker 1>something dumb. Hopefully it's something legit. You know what I mean, guys,

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<v Speaker 1>because I've said before I was born at night, but

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<v Speaker 1>not last night. I know politics, and politicians do things

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<v Speaker 1>and say things to get elected. Doesn't mean they'll actually

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<v Speaker 1>do it. But we want to see people be at

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<v Speaker 1>least pro crypto where it's not that they're saying, go

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<v Speaker 1>buy this meme coin, but rather we're going to help

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<v Speaker 1>provide legislation and guidelines and help create jobs and help

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<v Speaker 1>entrepreneurs that have clarity. That's the important part, right, because

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<v Speaker 1>that has economic benefits and it allows people to invest

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<v Speaker 1>safely and not have to worry about if the SEC

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<v Speaker 1>is going to sue them and destroy their bags and everything,

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<v Speaker 1>right guys, like the SEC did with the Ripple case,

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<v Speaker 1>and much more now quickly from our sponsor, folks, and

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<v Speaker 1>can use to buy Bitcoin and all the top all coins.

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<v Speaker 1>using this platform since twenty eighteen. I've interviewed the CEO, CFO,

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<v Speaker 1>In addition, they're available in over one hundred and fifty countries.

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<v Speaker 1>They also have transparency reports and they're fully reserved, so

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<v Speaker 1>you can look at their transparency reports and they don't

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<v Speaker 1>So if you'd like to learn more about Uphold, check

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<v Speaker 1>out the link in the description. Now let's talk about

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<v Speaker 1>our favorite scumbag regulator, Gary Genser eleanor Terrotor is reporting

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<v Speaker 1>that last week the Senate Appropriations Committee marked up the

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<v Speaker 1>SEC's appropriation funding for fiscal year twenty twenty five. Gary

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<v Speaker 1>Ginszer requested two point five nine four billion dollars, but

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<v Speaker 1>this bill only allots him two point two to three billion.

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<v Speaker 1>According to the SEC union, the agency was forced to

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<v Speaker 1>cut staff benefits and salary increases this year because of

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<v Speaker 1>Gainster's increase spending on other things in fiscal year twenty

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<v Speaker 1>three and twenty four. A union memo reads, in effect,

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<v Speaker 1>Chair Againser wagered with your compensation and benefits, knowing that

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<v Speaker 1>his staff would suffer the consequences if he lost the bet. Now,

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<v Speaker 1>the Democrat led Senate is proposing to get the agency

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<v Speaker 1>it's lowest budget since fiscal year twenty twenty three. Not

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<v Speaker 1>only is Gary Genser a's scumbag regulator, he's also a

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<v Speaker 1>scumbag boss. It seems like, so, you know, look, what

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<v Speaker 1>are we gonna say? I'm not even surprised by this

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<v Speaker 1>news because it's Gary Gencer. We've seen the man's track record.

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<v Speaker 1>I mean it goes back to even before the SEC

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<v Speaker 1>and MF Global. Go go research his history and what

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<v Speaker 1>happened there, and we know he's been just doing a

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<v Speaker 1>bunch of nonsense at the SEC, losing in the courts

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<v Speaker 1>and attacking the crypto industry in addition to other things.

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<v Speaker 1>So guys, like I said, I'm not even surprised. What

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<v Speaker 1>can we expect from a scumbag regulator now Gary's boss.

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<v Speaker 1>Senator Elizabeth Warren urges the CFTC to ban political betting

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<v Speaker 1>contracts amid five hundred million dollar Polymarket bets. Oh, Elizabeth,

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<v Speaker 1>you hate that people can bring additional data and facts

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<v Speaker 1>about markets and what they think may happen in elections

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<v Speaker 1>and so forth. Right, not the polls which sometimes can

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<v Speaker 1>be manipulated by different media and so forth. But this

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<v Speaker 1>is typical, Elizabeth Warren. So, Senator Elizabeth Warren, along with

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<v Speaker 1>other Democrat lawmakers, is urging the CFDC to finalize a

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<v Speaker 1>ban on political betting contracts. They argue that such contracts

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<v Speaker 1>would compromise the integrity of elections and democracy by allowing

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<v Speaker 1>wealthy individuals and insiders to manipulate outcomes. This call for

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<v Speaker 1>action comes as Polymarket, a popular betting platform, reports over

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<v Speaker 1>five hundred million dollars in bets in the twenty twenty

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<v Speaker 1>four US presidential election, reaching new all time highs. Lawmakers

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<v Speaker 1>are concerned that the growing popularity of election betting could

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<v Speaker 1>undermine public trust in a democratic process. The CFTC has

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<v Speaker 1>been considering this ban unbelievable that they're trying to do this,

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<v Speaker 1>and it's all Democrats that signed this. I wonder why. Look,

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<v Speaker 1>I've often said it once again, I'm not here to

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<v Speaker 1>tell you who to vote for. I just report the

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<v Speaker 1>news and I give my opinion. But you, as an adult,

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<v Speaker 1>have to make your decision now. As you guys know,

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<v Speaker 1>polymarket is a cryptocurrency base betting market and it's pretty

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<v Speaker 1>much like decentralized. Part of that is probably why Elizabeth

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<v Speaker 1>Warren is going after it because he can't touch it.

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<v Speaker 1>And you know, they hate that people are able to

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<v Speaker 1>bet on this and it's pretty pathetic. But this is

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<v Speaker 1>why we've got to keep fighting. And if the Democrats

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<v Speaker 1>keep allowing this stuff to happen, all this Harris for

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<v Speaker 1>Crypto and what Howers Moro, Conna and all of them

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<v Speaker 1>are doing, they're going to lose in the elections. And

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<v Speaker 1>we know that there's a lot of capital the crypto

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<v Speaker 1>industry is raised, and they're going to use it for

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<v Speaker 1>pro crypto candidates, and we already saw the results of

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<v Speaker 1>that on Super Tuesday and in the primaries. Here's what

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<v Speaker 1>Tyler Winkelwols have to say about the issue, he says,

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<v Speaker 1>Senator Warren once the bann prediction markets for political events,

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<v Speaker 1>contracts that are hard to manipulate in favor of political

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<v Speaker 1>polls that are easy to manipulate. Got it, And it's

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<v Speaker 1>here's I'm actually positive news. Dennis Porter of this Toji

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<v Speaker 1>act fun highlighted that nearly three thousand letters sent to

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<v Speaker 1>the US Senators asking them to co sponsor the Strategic

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<v Speaker 1>Bitcoin Reserve Bill, Democrats received sixty percent of the letters.

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<v Speaker 1>So remember Cynthia Lummis put together that bill, and Donald

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<v Speaker 1>Trump talked about it at the Bitcoin conference, so did

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<v Speaker 1>RFK Junior, by the way, proposing that the United States,

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<v Speaker 1>you know, buy bitcoin and use that as a reserve

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<v Speaker 1>asset in addition to gold and other things. And a

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<v Speaker 1>lot of folks started sending out letters and requests for

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<v Speaker 1>the Democrats mostly here to support this. And you know,

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<v Speaker 1>is this something that could happen this cycle? I don't

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<v Speaker 1>think so. There is a possibility, but I think this

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<v Speaker 1>is something maybe next cycle. I think next cycle. As

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<v Speaker 1>bitcoin and crypto becomes more prominent, especially as the crypto

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<v Speaker 1>industry flexes his muscles, and this election and much more so.

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<v Speaker 1>This is good to see though, and this is why

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<v Speaker 1>we get to keep fighting. We got to keep calling,

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<v Speaker 1>keep emailing, keep doing your thing. Guys. We're making progress,

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<v Speaker 1>we're winning. But you know, Elizabeth Warren and Gary Ginster

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<v Speaker 1>are not giving up, and we got to keep fighting

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<v Speaker 1>and get them kicked out. Vote for John Deaton in

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<v Speaker 1>the state of Massachusetts. That's the one thing I will

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<v Speaker 1>tell you to vote for, because we're dealing with someone

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<v Speaker 1>in Massachusetts who's corrupt, Elizabeth Warren, of course, so we

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<v Speaker 1>want to get at least John Deeton in there. Who

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<v Speaker 1>you know, John is more of a moderate. He's not

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<v Speaker 1>like some super hardcore Republican or anything like that. And

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<v Speaker 1>I agree with him on a lot of issues. You know,

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<v Speaker 1>sensible things right where I think for the most part

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<v Speaker 1>is missing in the United States now, where people use

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<v Speaker 1>common sense, be sensible versus talking points some Democrats or Republicans.

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<v Speaker 1>And I think that's where the majority of the folks

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<v Speaker 1>who win the elections are those people who are in

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<v Speaker 1>the middle right, who if the Democrats or Republicans can

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<v Speaker 1>convince them to vote for them, then they end up winning.

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<v Speaker 1>So I say vote for John Deaton and donate to

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<v Speaker 1>John Deaton as well. I have donated, so I keep

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<v Speaker 1>this in mind. Guy. All right, folks, don't forget to

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<v Speaker 1>sign up for my free email newsletter on substack. It's

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<v Speaker 1>one hundred percent free. Link would be in a description.

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<v Speaker 1>Don't forget to grab a copy of my book, Rethinking Crypto.

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<v Speaker 1>It's available and paperback in digital on Amazon as well

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<v Speaker 1>as Barnes and Nobles. Buy a copy, support in the podcast,

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<v Speaker 1>buy a few copies for your friends and family who

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<v Speaker 1>want to learn about crypto. And if you bought a

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<v Speaker 1>copy ready, please leave a rating and review. It would

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<v Speaker 1>really help out my rankings. Thank you so much for

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<v Speaker 1>watching and listening. I appreciate you all, and I'll talk

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<v Speaker 1>to you all later