Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: well as the thumbs up button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
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Speaker 1: we have to talk about the charts and specifically Etherorem
Speaker 1: because we are seeing some very bullish momentum building up
Speaker 1: on the charts and this is very good for the
Speaker 1: rally I've been talking about coming later this month, and
Speaker 1: it could come sooner than expect it. And I believe
Speaker 1: Bigcoin's going to hit a new all time high. I
Speaker 1: think many all coins are going to hit new highs,
Speaker 1: but we got to be patient. It's going to be
Speaker 1: a process. But right now, bitcoins still hovering around that
Speaker 1: one hundred and seventeen thousand dollars mark. But what's important
Speaker 1: on the chart is that the MACDE which is currently
Speaker 1: and this is on the daily chart, the mac d's
Speaker 1: about to flip green, so we see the bears are
Speaker 1: losing momentum and the bulls are about to take control
Speaker 1: the same thing is happening on the Etheroreum chart, and
Speaker 1: Etherorem has been breaking out. It's currently trading at forty
Speaker 1: three hundred dollars. And what's important about this price point
Speaker 1: of four thousand dollars. It tried to break this three
Speaker 1: times over the past year, and now it has officially
Speaker 1: broken four thousand. That was a key resistance level and
Speaker 1: breaking through it, folks, and now Etherrem hasn't surpassed its
Speaker 1: old all time high, which was around near five thousand.
Speaker 1: It's like forty eight hundred, I think, so once it
Speaker 1: breaks through that, I think it enters into full price discovery.
Speaker 1: But we're seeing a lot of strength here, and just
Speaker 1: like bitcoin, eth is moving away from the over soul
Speaker 1: zone and going into the overbought zone and the macdee.
Speaker 1: It's kind of hard to see it on the chart here,
Speaker 1: but it just flipped green on the daily chart. So
Speaker 1: bulls are certainly in control now and the bears have
Speaker 1: lost the momentum there now. Even if you don't hold etheroreum,
Speaker 1: it's very important that we see this because historically we've
Speaker 1: seen eth being a leading indicator for the rest of
Speaker 1: the all coin market. So I don't make the rules.
Speaker 1: That's just been how it's played out historically. And then
Speaker 1: you have to keep in mind that many coins are
Speaker 1: actually built on etherorem, a lot of stable coins are
Speaker 1: built on e theorem, so it's important to understand what's
Speaker 1: happening here and how the market cycles play out. But
Speaker 1: this is a very positive sign. And speaking of the
Speaker 1: all coin market, total three which excludes Bitcoin, Etherorem, and
Speaker 1: stable coins is breaking out following Etherorem's move, So you
Speaker 1: can see here it's our side moving to the overboughd
Speaker 1: zone or towards it, i should say, And the macde
Speaker 1: just flipped green, so the bulls are gaining control. So
Speaker 1: I think we're going to start to see a lot
Speaker 1: of all coins wake up in the market which have
Speaker 1: not been doing much. So I've often told you guys,
Speaker 1: this market runs in phases and that we just got
Speaker 1: to give it time and eventually the liquidity is going
Speaker 1: to catch up and Bitcoin probably is going to consolidate
Speaker 1: here as is showing a lot of strength. Now the
Speaker 1: validation for this move is bitcoin dominance is falling again.
Speaker 1: You know I've been showing you guys every time it falls,
Speaker 1: we have major rallies. So the recent rally of June
Speaker 1: into July where Bitcoin hit a new hall time high
Speaker 1: of one hundred and twenty three k XRP went bananas,
Speaker 1: Etherum also rallying. We are seeing another breakdown and eth
Speaker 1: is grabbing a lot of that liquidity right now. But
Speaker 1: I think come next week you're going to start to
Speaker 1: see a lot of other all coins wake up. So
Speaker 1: Bitcoin dominance dropping just like we've seen historically. Folks that
Speaker 1: get ready. I think it's going to be a very
Speaker 1: exciting August, as I've been saying, and that we're going
Speaker 1: to hit some new highs and I will be looking
Speaker 1: to take profits at certain price points. The other validation
Speaker 1: of this move is USDT dominance is moving down, So
Speaker 1: this is the stable coin liquidity, essentially the stable coin
Speaker 1: liquidity entering into the market via Bitcoin, etherorem and other
Speaker 1: all coins. So obviously the dominance starts to fall right
Speaker 1: because the supply is decreasing overall and entering into different assets.
Speaker 1: So we have confirmation, and as I've been saying, I've
Speaker 1: been sharing this chart with you guys. Once this thing
Speaker 1: breaks below four percent and then even goes down to
Speaker 1: below three point seven percent, which is kind of a
Speaker 1: key support level here. I think that's where the mania
Speaker 1: phase starts, and you're going to see a lot of
Speaker 1: euphoria and everybody in their grandma is going to tell
Speaker 1: you crypto is the greatest thing ever. Are you investing?
Speaker 1: I'm buying meme coins. But we as smart, educated investors,
Speaker 1: have taken our positions in the lows. We don't buy
Speaker 1: in this zone. It doesn't I mean, you could certainly
Speaker 1: make a return, but you're not going to make a
Speaker 1: big return, right if you understand what I'm saying. So,
Speaker 1: if you've been buying the bear market bottom, you know,
Speaker 1: December twenty twenty two, January twenty twenty three, even later
Speaker 1: into twenty twenty three, you're going to be up significantly
Speaker 1: versus someone who's coming in now, which is late in
Speaker 1: the cycle, right, folks, But unfortunately, this is the nature
Speaker 1: of markets. The folks who come in late, who are
Speaker 1: not educated or research, they're called dumb money, right. They
Speaker 1: come in with the herd. Oh, we see the prices
Speaker 1: are up when they should have been buying when the
Speaker 1: prices were down, when there's blood on the streets. So, folks,
Speaker 1: the setup here is beautiful. Everything is in alignment and
Speaker 1: as always be patient and expect volatility. The DXY, the
Speaker 1: Dollar Currency index also starting to break down, so when
Speaker 1: this is weak, you know, there's that inverse correlation. So
Speaker 1: there's an inverse correlation with the bitcoin dominance, USDT dominance
Speaker 1: and the DXY with the assets. When the assets are
Speaker 1: going up, these are going down. So that's why it's
Speaker 1: important to look at these metrics. So this is very
Speaker 1: very bullish. Global liquidity continues to be the macro leading
Speaker 1: indicator where Bitcoin is following, so is the stock market.
Speaker 1: The S and P five hundred you can see, is
Speaker 1: following the same pattern as Bitcoin on the move again,
Speaker 1: so is the NASDAC. So notice how all these things
Speaker 1: are moving with global liquidity, real estate, precious metals as well.
Speaker 1: So we are setting up here for the move towards
Speaker 1: a blow off top come Q four in my opinion.
Speaker 1: Now we'll have to watch global liquidity close very close,
Speaker 1: because it's currently showing a top in late September into
Speaker 1: early October. And if we do see some sort of
Speaker 1: recovery where it starts moving up again, then of course
Speaker 1: you know we'll adjust our thesis accordingly. But as of
Speaker 1: the data today, right now, it's looking like there's a
Speaker 1: top come Q four and if it does start to
Speaker 1: you know, move up again and make new highs global liquidity,
Speaker 1: that is then you know, I think this could go
Speaker 1: into twenty twenty six for sure, But right now, like
Speaker 1: I said, we'll have to keep watching the data. But
Speaker 1: right now it looks like the top is coming in
Speaker 1: Q four. And this aligns with a huge milestone and
Speaker 1: a huge narrative play, which is Congress passing crypto legislation.
Speaker 1: And you know, once the Senate gets that through, you
Speaker 1: know a lot of mainstream media is going to cover it.
Speaker 1: Everybody's gonna say, wow, Congress has passed legislation, and the
Speaker 1: crypto is never gonna stop, is gonna keep going. But folks,
Speaker 1: you all know how it works, right. Markets move in
Speaker 1: cycles and it doesn't go up forever. And that's why
Speaker 1: we're looking at all these different metrics to make sure
Speaker 1: we don't miss anything and we are as informed and
Speaker 1: educated about what's happening. And no one can call the
Speaker 1: exact top, but we want to look for the top
Speaker 1: zone where we can make sure we are exiting and
Speaker 1: taking profits if you are planning to do so, and
Speaker 1: in my newsletter today and if you haven't signed up,
Speaker 1: make sure you do. It's one hundred percent free. You know,
Speaker 1: I highlighted bitcoin's next move. You could see a bit
Speaker 1: of a chop here, move back up to one twenty,
Speaker 1: then a bit of a pullback, and then I think
Speaker 1: a move up to between one twenty eight to one
Speaker 1: thirty two and possibly higher one thirty five. So we'll see.
Speaker 1: But the all coin market set up right here is
Speaker 1: looking very very bullish. There's a really nice setup here
Speaker 1: for a breakout. So I think this is going to
Speaker 1: be a really good month. Now I may be wrong,
Speaker 1: but I do there's a high probability based on the
Speaker 1: data now, not because I feel bullish, not because there's
Speaker 1: bullish news, but the data, the charts, the macro is
Speaker 1: all showing us that very strong rallies coming. So get ready,
Speaker 1: you know, if you make sure you've got a profit
Speaker 1: taking plan and you know where you're exiting the market.
Speaker 1: So things are looking very nice here, folks. A great
Speaker 1: place you can buy selling trade crypto is on uphold.
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Speaker 1: per month. So pretty easy, folks. Once again, great platform
Speaker 1: that I've been using for years. So if you'd like
Speaker 1: to learn more about uphold, check out the link in
Speaker 1: the description. Now, folks, we got some news here that
Speaker 1: Bo Hines, who I've had on the podcast, who worked
Speaker 1: alongside David Sachs the White House cryptos are he's stepping
Speaker 1: down from his position to go work in the private sector.
Speaker 1: He tweeted out. Serving in President Trump's administration and working
Speaker 1: alongside our brilliant AI and cryptos are David Sachs as
Speaker 1: Executive director of the White House Crypto Council has been
Speaker 1: the honor of a lifetime. Together, we have positioned America
Speaker 1: as the crypto capital of the world. I'm deeply grateful
Speaker 1: to the industry for its unwavering support. I love this
Speaker 1: community and all we've built together. As I returned to
Speaker 1: the private sector, I look forward to continuing my support
Speaker 1: for the crypto ecosystem as it thrives here in the
Speaker 1: United States. Now, David Sachs tweeted out a big thank
Speaker 1: you message, and he said they have a deep bench,
Speaker 1: so they'll have some folks who are going to come
Speaker 1: in and take over Bow's place. But Bo did some
Speaker 1: great work, and you know, they got a lot done
Speaker 1: over the past let's say eight months, guys, so incredible stuff,
Speaker 1: a lot of wins. So we'll see where Bo lands.
Speaker 1: Maybe he goes to work in the crypto industry. You know,
Speaker 1: they'll be very interesting. All right, let's move ahead. We
Speaker 1: got a very interesting list here that thirteen up the
Speaker 1: top twenty five US banks are building bitcoin products. So
Speaker 1: you know, this is fro the Bitcoin archive account, so
Speaker 1: they like to frame the narrative bitcoin, but it's crypto, right.
Speaker 1: These banks are doing a lot more than bitcoin. But
Speaker 1: it's interesting. JP Morgan, which is the largest bank. They
Speaker 1: haven't announced custody yet, but they have announced trading. Bank
Speaker 1: of America nothing yet, but they did talk about launching
Speaker 1: a stable coin City group coming in at number three,
Speaker 1: and it has to hear high net worth clients only,
Speaker 1: so they haven't opened it up to all of their
Speaker 1: retail clients. And it goes on and on, but it's
Speaker 1: just fascinating to look at a list like this and
Speaker 1: see who's participating and getting involved. Some haven't fully announced
Speaker 1: stuff yet, but you know it's in the works. You know.
Speaker 1: Just recently we heard about PNC Bank, they're on this list,
Speaker 1: that they're partnering with coinbase. JP Morgan announced their partnering
Speaker 1: with coinbase to offer crypto trading. So I think we're
Speaker 1: going to see all of these folks open up even
Speaker 1: to retail, not just their high net worth wealthy clients,
Speaker 1: but all the banks are coming, all the stock exchanges,
Speaker 1: all the payment companies, credit card companies. I'm sure many
Speaker 1: of you saw my interview with MasterCards executive vice president
Speaker 1: of Digital Assets and blockchain. All of these folks are
Speaker 1: exploring building testing and they have to because disruptions at
Speaker 1: their doorsteps. So we're going to see full integration. But
Speaker 1: it's just fascinating to what. Let's see a list like this,
Speaker 1: and it's actually from the folks at River. They put
Speaker 1: together this list, so very very bullish. Now look at this.
Speaker 1: Harvard Endowment invests one hundred and sixteen million dollars into
Speaker 1: black Rock Bitcoin ETF. So we're seeing a lot of
Speaker 1: pensions endowments they are investing in the ETFs, which has
Speaker 1: made it very easy for them to do so. So
Speaker 1: Harvard Management Company, the entity responsible for managing the university's
Speaker 1: fifty three billion dollar endowment fund, has reported a multimillion
Speaker 1: dollar investment in black Rocks Bitcoin ETF. In a Friday
Speaker 1: filing with the SEC, Harvard disclose holding about one point
Speaker 1: nine million shares of the ihers Bitcoin ETF. As of
Speaker 1: June thirtieth, the bitcoin exposure was valued at more than
Speaker 1: one hundred and sixteen million dollars, making it the fund's
Speaker 1: fifth largest investment for the period after Microsoft, Amazon, Travel
Speaker 1: technology Company, Booking Holdings, and Meta, Harvard reported its endowment
Speaker 1: fund was fifty three point two billion dollars as of
Speaker 1: June thirty at twenty twenty four, making it the largest
Speaker 1: among US universities, ahead of Yale, Stanford, and Princeton. Just
Speaker 1: look at who's investing, folks. It's amazing and this is
Speaker 1: only going to continue to grow. They're going to grow
Speaker 1: their exposure. You're going to have more players come in
Speaker 1: and they have to this, as Paul Trudeer Jones said,
Speaker 1: is the fastest horse in the race. Meaning they could
Speaker 1: invest in the stock market as they many of them
Speaker 1: do currently. They ca invest in real estate and other
Speaker 1: asset classes, but nothing's moving like crypto. Crypto has outperformed
Speaker 1: all of the other acid classes. So this is why
Speaker 1: you're seeing a race for these folks to add exposure
Speaker 1: to crypto, and it will go beyond Bitcoin. They're going
Speaker 1: to do ethereum and the other all coins, xrpiece, Solana
Speaker 1: and much more. And I think once the index ETFs
Speaker 1: are approved, you're going to see more investing on that
Speaker 1: side because it gives these folks more exposure to the
Speaker 1: acid class and potentially more upside because all coins tend
Speaker 1: to outperform Bitcoin at certain parts in the bullmarket. So
Speaker 1: this is very very bullish and a sign of things
Speaker 1: to come. Now, Vivo Power shares jump thirty two percent
Speaker 1: on one hundred million dollar Ripple buy plan to boost
Speaker 1: XRP strategy. Now, many of you know, I've had the
Speaker 1: CEO and one of the board members, Adam Trademan on
Speaker 1: the podcast talking about their plans for the XRP treasury strategy.
Speaker 1: They're going to buy one hundreds of millions of dollars
Speaker 1: in XRP putting in their balance sheet. Well now they're
Speaker 1: going to buy some shares of Ripples, So this is interesting.
Speaker 1: So Nasdaq listed solar power company Vivo Power International Plc
Speaker 1: saw its shares jump thirty two point twelve percent to
Speaker 1: five dollars and ten cents on Friday, after the company
Speaker 1: announced plans to purchase one hundred million dollars worth of
Speaker 1: privately held Ripple Lab shares, expanding its XRP focused digital
Speaker 1: assets strategy. The move, which follows two months of due diligence,
Speaker 1: we'll see Vivo Power acquire Ripple shares directly from existing shareholders,
Speaker 1: pending approval from Ripple's executive management. The company said in
Speaker 1: a Friday press release. Here's a quote from the CEO.
Speaker 1: Our portfolio construction strategy is to buy a combination of
Speaker 1: Ripple shares and XRP tokens. This will allow us to
Speaker 1: optimize for yield maximization while also maximizing the weighted average
Speaker 1: costs of XRP acquired. Kevin Chin, who's the CEO, said, so,
Speaker 1: this is fascinating. We haven't seen anyone do the token
Speaker 1: plus shares in a company, so I think this may
Speaker 1: be the first of its kind, and we could see
Speaker 1: other companies do the same thing. But I primarily care
Speaker 1: more about the asset that they're holding XRP, just like
Speaker 1: other companies are holding bitcoin, because it's a more crypto
Speaker 1: focused treasury strategy. But hey, look nothing wrong with having
Speaker 1: kind of a hybrid approach here where you're also getting
Speaker 1: to share. So very interesting move by Vivo Power. Now
Speaker 1: we're Liberty Financial, which is Trump's crypto project. Of course,
Speaker 1: weighs a one point five billion dollar public company to
Speaker 1: hold the WLFI tokens. So it looks like they want
Speaker 1: to do a crypto treasury strategy with the WLFI tokens.
Speaker 1: I don't hold this token. I don't know if any
Speaker 1: of you do, but we're Liberty Financial. It's very defive focused.
Speaker 1: They've been buying a lot of crypto tokens and much
Speaker 1: more so. Let me give it to details. We're Liberty Financial.
Speaker 1: The Trump family backed crypto venture is exploring the creation
Speaker 1: of a publicly traded company to hold its WLFI tokens,
Speaker 1: with a fundraising target of roughly one point five billion dollars.
Speaker 1: The structure of the deal is still being finalized, but
Speaker 1: major investors in technology and crypto have been approached and
Speaker 1: discussions are said to be progressing quickly. According to a
Speaker 1: Friday report from Bloomberg, the move at place, We're Liberty
Speaker 1: Financial among a growing wave of digital asset treasury companies,
Speaker 1: which are publicly traded firm holding crypto reserves. These companies
Speaker 1: have raised an estimated seventy nine billion dollars in twenty
Speaker 1: twenty five for bitcoin purchases alone, pretty report, and of
Speaker 1: course most recently there's been a surge and etherorem treasury companies.
Speaker 1: There's also some that do salona and obviously xrps just
Speaker 1: mentioned where Liberty Financial, whose website names Donald Trump as
Speaker 1: a co founder, launched last year with plans for a
Speaker 1: crypto lending app and currently offers USD one eight dollar
Speaker 1: back stable coin. So let's see what they do here.
Speaker 1: It sounds like they want to start their own publicly
Speaker 1: credit company or I don't know how they're going to
Speaker 1: do this, but anyway, everybody's trying to go with this
Speaker 1: treasury strategy move, and I think I see a bit
Speaker 1: of a bubble forming here. Again, not against what they're doing.
Speaker 1: I think this is great. I think companies diversifying adding
Speaker 1: some crypto assets can really help them preserve their purchasing power,
Speaker 1: the cash on their balance sheet. That was the ethos
Speaker 1: of how this all started. But micro strategy took it
Speaker 1: to another level of raising debt, and a lot of
Speaker 1: companies are using the debt model. I think if they
Speaker 1: do it in small amounts, it's okay, but if they
Speaker 1: get too if there's too much of this, it could
Speaker 1: get very risky, especially in a market downturn or a
Speaker 1: bear market, and you know, I think we might see
Speaker 1: some collapses. Honestly, history has shown us this. You know,
Speaker 1: when there's a lot of leverage in the system, not
Speaker 1: to mention, you may have poor management of some of
Speaker 1: these companies. You know, some ceo, some folks may not
Speaker 1: be as qualified or very smart to handle these things
Speaker 1: because it's a very different thing. And again, when when
Speaker 1: the bear market comes, you know, as Warren Buffett said,
Speaker 1: when the tide goes out, you'll see who's swimming naked, right,
Speaker 1: and we'll see how this plays out. Again, I don't
Speaker 1: want a collapse to happen. I'm just a student of
Speaker 1: history and markets, and I've seen these things happen. So
Speaker 1: let's see, folks. This is why I'm saying, we want
Speaker 1: to get ahead of these things. And if we are
Speaker 1: playing to take profits, we make sure we exit the
Speaker 1: market money in our pockets. And when the bear market
Speaker 1: comes along and somebodyse come needs go down, there's liquidations
Speaker 1: and this is where you have the corrections that you
Speaker 1: know we've seen historically. And that's when I'll be backing
Speaker 1: up the truck to buy the lows, rins and repeat,
Speaker 1: preparing for the next bull market of twenty twenty eight.
Speaker 1: That is my strategy. You don't have to follow it,
Speaker 1: but just sharing what I'm looking at, what I'm thinking,
Speaker 1: based on what we've seen historically, how market cycles play out.
Speaker 1: This is why we're looking at multiple data points and
Speaker 1: factors to make sure we are getting a holistic view
Speaker 1: of the market. Folks, that's the news. Let me know
Speaker 1: what you think. Leave your thoughts in comments below. A
Speaker 1: great way you can support me in the podcast is
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Speaker 1: and my course at mycryptocurse dot com. This is a
Speaker 1: comprehensive course that teaches you every aspect of crypto knowledge
Speaker 1: is power expand your knowledge around the crypto asset, class
Speaker 1: and technology. So go to Mycrypto course dot com. All
Speaker 1: the links will be in a description. Folks, thank you
Speaker 1: so much for watching and listening. I appreciate you all
Speaker 1: and I'll talk to you all later