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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto Podcasts. 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 let that subscribe button as

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<v Speaker 1>well as the thumbs up button and leave a comment 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 leave a five star rating and review. Folks,

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<v Speaker 1>we have to talk about the charts and specifically Etherorem

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<v Speaker 1>because we are seeing some very bullish momentum building up

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<v Speaker 1>on the charts and this is very good for the

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<v Speaker 1>rally I've been talking about coming later this month, and

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<v Speaker 1>it could come sooner than expect it. And I believe

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<v Speaker 1>Bigcoin's going to hit a new all time high. I

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<v Speaker 1>think many all coins are going to hit new highs,

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<v Speaker 1>but we got to be patient. It's going to be

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<v Speaker 1>a process. But right now, bitcoins still hovering around that

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<v Speaker 1>one hundred and seventeen thousand dollars mark. But what's important

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<v Speaker 1>on the chart is that the MACDE which is currently

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<v Speaker 1>and this is on the daily chart, the mac d's

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<v Speaker 1>about to flip green, so we see the bears are

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<v Speaker 1>losing momentum and the bulls are about to take control

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<v Speaker 1>the same thing is happening on the Etheroreum chart, and

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<v Speaker 1>Etherorem has been breaking out. It's currently trading at forty

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<v Speaker 1>three hundred dollars. And what's important about this price point

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<v Speaker 1>of four thousand dollars. It tried to break this three

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<v Speaker 1>times over the past year, and now it has officially

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<v Speaker 1>broken four thousand. That was a key resistance level and

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<v Speaker 1>breaking through it, folks, and now Etherrem hasn't surpassed its

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<v Speaker 1>old all time high, which was around near five thousand.

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<v Speaker 1>It's like forty eight hundred, I think, so once it

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<v Speaker 1>breaks through that, I think it enters into full price discovery.

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<v Speaker 1>But we're seeing a lot of strength here, and just

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<v Speaker 1>like bitcoin, eth is moving away from the over soul

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<v Speaker 1>zone and going into the overbought zone and the macdee.

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<v Speaker 1>It's kind of hard to see it on the chart here,

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<v Speaker 1>but it just flipped green on the daily chart. So

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<v Speaker 1>bulls are certainly in control now and the bears have

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<v Speaker 1>lost the momentum there now. Even if you don't hold etheroreum,

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<v Speaker 1>it's very important that we see this because historically we've

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<v Speaker 1>seen eth being a leading indicator for the rest of

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<v Speaker 1>the all coin market. So I don't make the rules.

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<v Speaker 1>That's just been how it's played out historically. And then

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<v Speaker 1>you have to keep in mind that many coins are

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<v Speaker 1>actually built on etherorem, a lot of stable coins are

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<v Speaker 1>built on e theorem, so it's important to understand what's

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<v Speaker 1>happening here and how the market cycles play out. But

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<v Speaker 1>this is a very positive sign. And speaking of the

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<v Speaker 1>all coin market, total three which excludes Bitcoin, Etherorem, and

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<v Speaker 1>stable coins is breaking out following Etherorem's move, So you

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<v Speaker 1>can see here it's our side moving to the overboughd

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<v Speaker 1>zone or towards it, i should say, And the macde

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<v Speaker 1>just flipped green, so the bulls are gaining control. So

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<v Speaker 1>I think we're going to start to see a lot

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<v Speaker 1>of all coins wake up in the market which have

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<v Speaker 1>not been doing much. So I've often told you guys,

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<v Speaker 1>this market runs in phases and that we just got

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<v Speaker 1>to give it time and eventually the liquidity is going

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<v Speaker 1>to catch up and Bitcoin probably is going to consolidate

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<v Speaker 1>here as is showing a lot of strength. Now the

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<v Speaker 1>validation for this move is bitcoin dominance is falling again.

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<v Speaker 1>You know I've been showing you guys every time it falls,

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<v Speaker 1>we have major rallies. So the recent rally of June

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<v Speaker 1>into July where Bitcoin hit a new hall time high

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<v Speaker 1>of one hundred and twenty three k XRP went bananas,

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<v Speaker 1>Etherum also rallying. We are seeing another breakdown and eth

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<v Speaker 1>is grabbing a lot of that liquidity right now. But

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<v Speaker 1>I think come next week you're going to start to

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<v Speaker 1>see a lot of other all coins wake up. So

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<v Speaker 1>Bitcoin dominance dropping just like we've seen historically. Folks that

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<v Speaker 1>get ready. I think it's going to be a very

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<v Speaker 1>exciting August, as I've been saying, and that we're going

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<v Speaker 1>to hit some new highs and I will be looking

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<v Speaker 1>to take profits at certain price points. The other validation

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<v Speaker 1>of this move is USDT dominance is moving down, So

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<v Speaker 1>this is the stable coin liquidity, essentially the stable coin

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<v Speaker 1>liquidity entering into the market via Bitcoin, etherorem and other

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<v Speaker 1>all coins. So obviously the dominance starts to fall right

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<v Speaker 1>because the supply is decreasing overall and entering into different assets.

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<v Speaker 1>So we have confirmation, and as I've been saying, I've

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<v Speaker 1>been sharing this chart with you guys. Once this thing

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<v Speaker 1>breaks below four percent and then even goes down to

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<v Speaker 1>below three point seven percent, which is kind of a

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<v Speaker 1>key support level here. I think that's where the mania

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<v Speaker 1>phase starts, and you're going to see a lot of

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<v Speaker 1>euphoria and everybody in their grandma is going to tell

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<v Speaker 1>you crypto is the greatest thing ever. Are you investing?

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<v Speaker 1>I'm buying meme coins. But we as smart, educated investors,

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<v Speaker 1>have taken our positions in the lows. We don't buy

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<v Speaker 1>in this zone. It doesn't I mean, you could certainly

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<v Speaker 1>make a return, but you're not going to make a

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<v Speaker 1>big return, right if you understand what I'm saying. So,

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<v Speaker 1>if you've been buying the bear market bottom, you know,

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<v Speaker 1>December twenty twenty two, January twenty twenty three, even later

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<v Speaker 1>into twenty twenty three, you're going to be up significantly

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<v Speaker 1>versus someone who's coming in now, which is late in

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<v Speaker 1>the cycle, right, folks, But unfortunately, this is the nature

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<v Speaker 1>of markets. The folks who come in late, who are

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<v Speaker 1>not educated or research, they're called dumb money, right. They

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<v Speaker 1>come in with the herd. Oh, we see the prices

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<v Speaker 1>are up when they should have been buying when the

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<v Speaker 1>prices were down, when there's blood on the streets. So, folks,

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<v Speaker 1>the setup here is beautiful. Everything is in alignment and

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<v Speaker 1>as always be patient and expect volatility. The DXY, the

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<v Speaker 1>Dollar Currency index also starting to break down, so when

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<v Speaker 1>this is weak, you know, there's that inverse correlation. So

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<v Speaker 1>there's an inverse correlation with the bitcoin dominance, USDT dominance

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<v Speaker 1>and the DXY with the assets. When the assets are

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<v Speaker 1>going up, these are going down. So that's why it's

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<v Speaker 1>important to look at these metrics. So this is very

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<v Speaker 1>very bullish. Global liquidity continues to be the macro leading

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<v Speaker 1>indicator where Bitcoin is following, so is the stock market.

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<v Speaker 1>The S and P five hundred you can see, is

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<v Speaker 1>following the same pattern as Bitcoin on the move again,

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<v Speaker 1>so is the NASDAC. So notice how all these things

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<v Speaker 1>are moving with global liquidity, real estate, precious metals as well.

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<v Speaker 1>So we are setting up here for the move towards

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<v Speaker 1>a blow off top come Q four in my opinion.

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<v Speaker 1>Now we'll have to watch global liquidity close very close,

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<v Speaker 1>because it's currently showing a top in late September into

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<v Speaker 1>early October. And if we do see some sort of

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<v Speaker 1>recovery where it starts moving up again, then of course

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<v Speaker 1>you know we'll adjust our thesis accordingly. But as of

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<v Speaker 1>the data today, right now, it's looking like there's a

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<v Speaker 1>top come Q four and if it does start to

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<v Speaker 1>you know, move up again and make new highs global liquidity,

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<v Speaker 1>that is then you know, I think this could go

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<v Speaker 1>into twenty twenty six for sure, But right now, like

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<v Speaker 1>I said, we'll have to keep watching the data. But

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<v Speaker 1>right now it looks like the top is coming in

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<v Speaker 1>Q four. And this aligns with a huge milestone and

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<v Speaker 1>a huge narrative play, which is Congress passing crypto legislation.

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<v Speaker 1>And you know, once the Senate gets that through, you

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<v Speaker 1>know a lot of mainstream media is going to cover it.

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<v Speaker 1>Everybody's gonna say, wow, Congress has passed legislation, and the

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<v Speaker 1>crypto is never gonna stop, is gonna keep going. But folks,

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<v Speaker 1>you all know how it works, right. Markets move in

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<v Speaker 1>cycles and it doesn't go up forever. And that's why

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<v Speaker 1>we're looking at all these different metrics to make sure

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<v Speaker 1>we don't miss anything and we are as informed and

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<v Speaker 1>educated about what's happening. And no one can call the

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<v Speaker 1>exact top, but we want to look for the top

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<v Speaker 1>zone where we can make sure we are exiting and

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<v Speaker 1>taking profits if you are planning to do so, and

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<v Speaker 1>in my newsletter today and if you haven't signed up,

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<v Speaker 1>make sure you do. It's one hundred percent free. You know,

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<v Speaker 1>I highlighted bitcoin's next move. You could see a bit

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<v Speaker 1>of a chop here, move back up to one twenty,

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<v Speaker 1>then a bit of a pullback, and then I think

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<v Speaker 1>a move up to between one twenty eight to one

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<v Speaker 1>thirty two and possibly higher one thirty five. So we'll see.

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<v Speaker 1>But the all coin market set up right here is

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<v Speaker 1>looking very very bullish. There's a really nice setup here

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<v Speaker 1>for a breakout. So I think this is going to

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<v Speaker 1>be a really good month. Now I may be wrong,

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<v Speaker 1>but I do there's a high probability based on the

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<v Speaker 1>data now, not because I feel bullish, not because there's

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<v Speaker 1>bullish news, but the data, the charts, the macro is

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<v Speaker 1>all showing us that very strong rallies coming. So get ready,

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<v Speaker 1>you know, if you make sure you've got a profit

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<v Speaker 1>taking plan and you know where you're exiting the market.

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<v Speaker 1>So things are looking very nice here, folks. A great

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<v Speaker 1>place you can buy selling trade crypto is on uphold.

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<v Speaker 1>This is a platform I've been using since twenty eighteen.

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<v Speaker 1>I trust them. I've never had any issues and they

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<v Speaker 1>offer staking on twenty plus cryptocurrencies and they offer over

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<v Speaker 1>three hundred plus cryptocurrencies now, they are fully reserved, they

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<v Speaker 1>don't commingle or lend out your crypto funds, and you

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<v Speaker 1>can review their transparency report folks. So once again I

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<v Speaker 1>trust this platform. I've been using them for many years.

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<v Speaker 1>And they also have a great rewarse program where you

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<v Speaker 1>can earn up to five point two five percent on

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<v Speaker 1>stable coins, and part of that rewarse program you can

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<v Speaker 1>get twenty four hour early access to new tokens that

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<v Speaker 1>they list aaple coins. They support our ripples r L,

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<v Speaker 1>USD where you can earn up to five percent there

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<v Speaker 1>and USBC where you can earn up to five point

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<v Speaker 1>two five percent there. And to participate, you just simply

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<v Speaker 1>have to log into the app once per month, deposit

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<v Speaker 1>fifty dollars once per month, and trade fifty dollars once

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<v Speaker 1>per month. So pretty easy, folks. Once again, great platform

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<v Speaker 1>that I've been using for years. So if you'd like

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<v Speaker 1>to learn more about uphold, check out the link in

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<v Speaker 1>the description. Now, folks, we got some news here that

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<v Speaker 1>Bo Hines, who I've had on the podcast, who worked

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<v Speaker 1>alongside David Sachs the White House cryptos are he's stepping

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<v Speaker 1>down from his position to go work in the private sector.

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<v Speaker 1>He tweeted out. Serving in President Trump's administration and working

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<v Speaker 1>alongside our brilliant AI and cryptos are David Sachs as

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<v Speaker 1>Executive director of the White House Crypto Council has been

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<v Speaker 1>the honor of a lifetime. Together, we have positioned America

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<v Speaker 1>as the crypto capital of the world. I'm deeply grateful

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<v Speaker 1>to the industry for its unwavering support. I love this

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<v Speaker 1>community and all we've built together. As I returned to

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<v Speaker 1>the private sector, I look forward to continuing my support

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<v Speaker 1>for the crypto ecosystem as it thrives here in the

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<v Speaker 1>United States. Now, David Sachs tweeted out a big thank

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<v Speaker 1>you message, and he said they have a deep bench,

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<v Speaker 1>so they'll have some folks who are going to come

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<v Speaker 1>in and take over Bow's place. But Bo did some

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<v Speaker 1>great work, and you know, they got a lot done

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<v Speaker 1>over the past let's say eight months, guys, so incredible stuff,

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<v Speaker 1>a lot of wins. So we'll see where Bo lands.

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<v Speaker 1>Maybe he goes to work in the crypto industry. You know,

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<v Speaker 1>they'll be very interesting. All right, let's move ahead. We

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<v Speaker 1>got a very interesting list here that thirteen up the

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<v Speaker 1>top twenty five US banks are building bitcoin products. So

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<v Speaker 1>you know, this is fro the Bitcoin archive account, so

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<v Speaker 1>they like to frame the narrative bitcoin, but it's crypto, right.

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<v Speaker 1>These banks are doing a lot more than bitcoin. But

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<v Speaker 1>it's interesting. JP Morgan, which is the largest bank. They

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<v Speaker 1>haven't announced custody yet, but they have announced trading. Bank

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<v Speaker 1>of America nothing yet, but they did talk about launching

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<v Speaker 1>a stable coin City group coming in at number three,

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<v Speaker 1>and it has to hear high net worth clients only,

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<v Speaker 1>so they haven't opened it up to all of their

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<v Speaker 1>retail clients. And it goes on and on, but it's

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<v Speaker 1>just fascinating to look at a list like this and

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<v Speaker 1>see who's participating and getting involved. Some haven't fully announced

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<v Speaker 1>stuff yet, but you know it's in the works. You know.

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<v Speaker 1>Just recently we heard about PNC Bank, they're on this list,

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<v Speaker 1>that they're partnering with coinbase. JP Morgan announced their partnering

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<v Speaker 1>with coinbase to offer crypto trading. So I think we're

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<v Speaker 1>going to see all of these folks open up even

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<v Speaker 1>to retail, not just their high net worth wealthy clients,

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<v Speaker 1>but all the banks are coming, all the stock exchanges,

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<v Speaker 1>all the payment companies, credit card companies. I'm sure many

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<v Speaker 1>of you saw my interview with MasterCards executive vice president

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<v Speaker 1>of Digital Assets and blockchain. All of these folks are

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<v Speaker 1>exploring building testing and they have to because disruptions at

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<v Speaker 1>their doorsteps. So we're going to see full integration. But

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<v Speaker 1>it's just fascinating to what. Let's see a list like this,

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<v Speaker 1>and it's actually from the folks at River. They put

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<v Speaker 1>together this list, so very very bullish. Now look at this.

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<v Speaker 1>Harvard Endowment invests one hundred and sixteen million dollars into

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<v Speaker 1>black Rock Bitcoin ETF. So we're seeing a lot of

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<v Speaker 1>pensions endowments they are investing in the ETFs, which has

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<v Speaker 1>made it very easy for them to do so. So

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<v Speaker 1>Harvard Management Company, the entity responsible for managing the university's

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<v Speaker 1>fifty three billion dollar endowment fund, has reported a multimillion

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<v Speaker 1>dollar investment in black Rocks Bitcoin ETF. In a Friday

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<v Speaker 1>filing with the SEC, Harvard disclose holding about one point

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<v Speaker 1>nine million shares of the ihers Bitcoin ETF. As of

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<v Speaker 1>June thirtieth, the bitcoin exposure was valued at more than

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<v Speaker 1>one hundred and sixteen million dollars, making it the fund's

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<v Speaker 1>fifth largest investment for the period after Microsoft, Amazon, Travel

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<v Speaker 1>technology Company, Booking Holdings, and Meta, Harvard reported its endowment

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<v Speaker 1>fund was fifty three point two billion dollars as of

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<v Speaker 1>June thirty at twenty twenty four, making it the largest

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<v Speaker 1>among US universities, ahead of Yale, Stanford, and Princeton. Just

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<v Speaker 1>look at who's investing, folks. It's amazing and this is

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<v Speaker 1>only going to continue to grow. They're going to grow

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<v Speaker 1>their exposure. You're going to have more players come in

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<v Speaker 1>and they have to this, as Paul Trudeer Jones said,

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<v Speaker 1>is the fastest horse in the race. Meaning they could

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<v Speaker 1>invest in the stock market as they many of them

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<v Speaker 1>do currently. They ca invest in real estate and other

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<v Speaker 1>asset classes, but nothing's moving like crypto. Crypto has outperformed

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<v Speaker 1>all of the other acid classes. So this is why

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<v Speaker 1>you're seeing a race for these folks to add exposure

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<v Speaker 1>to crypto, and it will go beyond Bitcoin. They're going

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<v Speaker 1>to do ethereum and the other all coins, xrpiece, Solana

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<v Speaker 1>and much more. And I think once the index ETFs

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<v Speaker 1>are approved, you're going to see more investing on that

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<v Speaker 1>side because it gives these folks more exposure to the

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<v Speaker 1>acid class and potentially more upside because all coins tend

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<v Speaker 1>to outperform Bitcoin at certain parts in the bullmarket. So

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<v Speaker 1>this is very very bullish and a sign of things

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<v Speaker 1>to come. Now, Vivo Power shares jump thirty two percent

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<v Speaker 1>on one hundred million dollar Ripple buy plan to boost

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<v Speaker 1>XRP strategy. Now, many of you know, I've had the

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<v Speaker 1>CEO and one of the board members, Adam Trademan on

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<v Speaker 1>the podcast talking about their plans for the XRP treasury strategy.

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<v Speaker 1>They're going to buy one hundreds of millions of dollars

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<v Speaker 1>in XRP putting in their balance sheet. Well now they're

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<v Speaker 1>going to buy some shares of Ripples, So this is interesting.

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<v Speaker 1>So Nasdaq listed solar power company Vivo Power International Plc

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<v Speaker 1>saw its shares jump thirty two point twelve percent to

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<v Speaker 1>five dollars and ten cents on Friday, after the company

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<v Speaker 1>announced plans to purchase one hundred million dollars worth of

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<v Speaker 1>privately held Ripple Lab shares, expanding its XRP focused digital

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<v Speaker 1>assets strategy. The move, which follows two months of due diligence,

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<v Speaker 1>we'll see Vivo Power acquire Ripple shares directly from existing shareholders,

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<v Speaker 1>pending approval from Ripple's executive management. The company said in

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<v Speaker 1>a Friday press release. Here's a quote from the CEO.

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<v Speaker 1>Our portfolio construction strategy is to buy a combination of

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<v Speaker 1>Ripple shares and XRP tokens. This will allow us to

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<v Speaker 1>optimize for yield maximization while also maximizing the weighted average

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<v Speaker 1>costs of XRP acquired. Kevin Chin, who's the CEO, said, so,

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<v Speaker 1>this is fascinating. We haven't seen anyone do the token

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<v Speaker 1>plus shares in a company, so I think this may

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<v Speaker 1>be the first of its kind, and we could see

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<v Speaker 1>other companies do the same thing. But I primarily care

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<v Speaker 1>more about the asset that they're holding XRP, just like

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<v Speaker 1>other companies are holding bitcoin, because it's a more crypto

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<v Speaker 1>focused treasury strategy. But hey, look nothing wrong with having

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<v Speaker 1>kind of a hybrid approach here where you're also getting

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<v Speaker 1>to share. So very interesting move by Vivo Power. Now

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<v Speaker 1>we're Liberty Financial, which is Trump's crypto project. Of course,

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<v Speaker 1>weighs a one point five billion dollar public company to

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<v Speaker 1>hold the WLFI tokens. So it looks like they want

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<v Speaker 1>to do a crypto treasury strategy with the WLFI tokens.

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<v Speaker 1>I don't hold this token. I don't know if any

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<v Speaker 1>of you do, but we're Liberty Financial. It's very defive focused.

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<v Speaker 1>They've been buying a lot of crypto tokens and much

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<v Speaker 1>more so. Let me give it to details. We're Liberty Financial.

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<v Speaker 1>The Trump family backed crypto venture is exploring the creation

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<v Speaker 1>of a publicly traded company to hold its WLFI tokens,

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<v Speaker 1>with a fundraising target of roughly one point five billion dollars.

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<v Speaker 1>The structure of the deal is still being finalized, but

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<v Speaker 1>major investors in technology and crypto have been approached and

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<v Speaker 1>discussions are said to be progressing quickly. According to a

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<v Speaker 1>Friday report from Bloomberg, the move at place, We're Liberty

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<v Speaker 1>Financial among a growing wave of digital asset treasury companies,

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<v Speaker 1>which are publicly traded firm holding crypto reserves. These companies

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<v Speaker 1>have raised an estimated seventy nine billion dollars in twenty

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<v Speaker 1>twenty five for bitcoin purchases alone, pretty report, and of

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<v Speaker 1>course most recently there's been a surge and etherorem treasury companies.

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<v Speaker 1>There's also some that do salona and obviously xrps just

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<v Speaker 1>mentioned where Liberty Financial, whose website names Donald Trump as

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<v Speaker 1>a co founder, launched last year with plans for a

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<v Speaker 1>crypto lending app and currently offers USD one eight dollar

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<v Speaker 1>back stable coin. So let's see what they do here.

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<v Speaker 1>It sounds like they want to start their own publicly

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<v Speaker 1>credit company or I don't know how they're going to

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<v Speaker 1>do this, but anyway, everybody's trying to go with this

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<v Speaker 1>treasury strategy move, and I think I see a bit

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<v Speaker 1>of a bubble forming here. Again, not against what they're doing.

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<v Speaker 1>I think this is great. I think companies diversifying adding

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<v Speaker 1>some crypto assets can really help them preserve their purchasing power,

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<v Speaker 1>the cash on their balance sheet. That was the ethos

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<v Speaker 1>of how this all started. But micro strategy took it

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<v Speaker 1>to another level of raising debt, and a lot of

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<v Speaker 1>companies are using the debt model. I think if they

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<v Speaker 1>do it in small amounts, it's okay, but if they

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<v Speaker 1>get too if there's too much of this, it could

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<v Speaker 1>get very risky, especially in a market downturn or a

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<v Speaker 1>bear market, and you know, I think we might see

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<v Speaker 1>some collapses. Honestly, history has shown us this. You know,

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<v Speaker 1>when there's a lot of leverage in the system, not

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<v Speaker 1>to mention, you may have poor management of some of

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<v Speaker 1>these companies. You know, some ceo, some folks may not

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<v Speaker 1>be as qualified or very smart to handle these things

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<v Speaker 1>because it's a very different thing. And again, when when

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<v Speaker 1>the bear market comes, you know, as Warren Buffett said,

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<v Speaker 1>when the tide goes out, you'll see who's swimming naked, right,

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<v Speaker 1>and we'll see how this plays out. Again, I don't

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<v Speaker 1>want a collapse to happen. I'm just a student of

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<v Speaker 1>history and markets, and I've seen these things happen. So

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<v Speaker 1>let's see, folks. This is why I'm saying, we want

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<v Speaker 1>to get ahead of these things. And if we are

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<v Speaker 1>playing to take profits, we make sure we exit the

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<v Speaker 1>market money in our pockets. And when the bear market

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<v Speaker 1>comes along and somebodyse come needs go down, there's liquidations

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<v Speaker 1>and this is where you have the corrections that you

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<v Speaker 1>know we've seen historically. And that's when I'll be backing

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<v Speaker 1>up the truck to buy the lows, rins and repeat,

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<v Speaker 1>preparing for the next bull market of twenty twenty eight.

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<v Speaker 1>That is my strategy. You don't have to follow it,

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<v Speaker 1>but just sharing what I'm looking at, what I'm thinking,

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<v Speaker 1>based on what we've seen historically, how market cycles play out.

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<v Speaker 1>This is why we're looking at multiple data points and

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<v Speaker 1>factors to make sure we are getting a holistic view

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<v Speaker 1>of the market. Folks, that's the news. Let me know

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<v Speaker 1>what you think. Leave your thoughts in comments below. A

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<v Speaker 1>great way you can support me in the podcast is

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00:19:37.799 --> 00:19:40.759
<v Speaker 1>by subscribing to my free email newsletter. It's one hundred

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<v Speaker 1>percent free. Link would be in a description. Check out

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<v Speaker 1>my book on Amazon, it's available in paperback and digital,

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<v Speaker 1>and my course at mycryptocurse dot com. This is a

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<v Speaker 1>comprehensive course that teaches you every aspect of crypto knowledge

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<v Speaker 1>is power expand your knowledge around the crypto asset, class

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<v Speaker 1>and technology. So go to Mycrypto course dot com. All

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<v Speaker 1>the links will be in a description. Folks, thank you

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<v Speaker 1>so much for watching and listening. I appreciate you all

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