Speaker 1: Hey, folks, 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: Nothing new to report on the price front. We're still
Speaker 1: waiting for bitcoin to start moving upwards. Some people are
Speaker 1: saying there are still further CME gaps that bitcoin could
Speaker 1: go down and test. We'll see what happens. But regardless
Speaker 1: of the micro movement here on the daily and hourly,
Speaker 1: from a macro perspective, we're headed to new all time
Speaker 1: highs and I believe we're going to see a rally
Speaker 1: sooner than later. So the market's going to do his
Speaker 1: thing here. We just got to be patient. But we
Speaker 1: do have some macro factors that could have an impact
Speaker 1: on the market in a positive way. For example, this
Speaker 1: week we're going to hear from the Fed. Wednesday is
Speaker 1: the FOMC hearing, and Jerome Powell is expected to talk
Speaker 1: about rate cuts. Now he's gotten some pressure from President
Speaker 1: Trump and the administration recently, and I posted on X today,
Speaker 1: I believe that he's not going to cut rates. They're
Speaker 1: not going to cut rates now, but he could signal
Speaker 1: with some duvish statements that they will potentially cut in September.
Speaker 1: And remember, markets are forwardlooking, so that could really spark
Speaker 1: a rally because they know rates are coming. It's kind
Speaker 1: of the bider rum or sell the news event. So
Speaker 1: let's see what happens on Wednesday, folks. Obviously I don't
Speaker 1: have a crystal ball, but this is my prediction. But
Speaker 1: a lot of the prediction markets out there. People are
Speaker 1: betting no cuts now, but they are betting cuts in September.
Speaker 1: So once again, we just need to signal from Jerome
Speaker 1: that they are going to cut in September, and then
Speaker 1: things could get very interesting for the market. I love
Speaker 1: what Lynn Alden share today, and that is the Treasury.
Speaker 1: The US Treasury released their borring estimates one point six
Speaker 1: trillion dollars in net new debt issuance over the next
Speaker 1: two quarters. About five hundred billion of it is in
Speaker 1: the Treasury General Account refill, so they're doing kind of
Speaker 1: a pseudo quantitative easy Janet Yellen was doing this under Biden.
Speaker 1: So it's the same thing over and over. Nothing stops
Speaker 1: the money printer. This is why we're invested in assets,
Speaker 1: and we're invested in the fastest horse, bitcoin and crypto
Speaker 1: in the asset race. Right, Nothing moves like bitcoin and crypto,
Speaker 1: not real estate, not the stock market, not precious metals,
Speaker 1: and so on and so forth. But we are in
Speaker 1: a macro bull market and all of these asset classes,
Speaker 1: real estate much more is following global liquidity. That's why
Speaker 1: you're seeing new all time highs for all of them.
Speaker 1: It's across the board. Not a lot of people understand
Speaker 1: what is happening. They may see, for example, real estate
Speaker 1: going up, but yet home sales are down. The reason
Speaker 1: being global liquidity is going up higher and all these
Speaker 1: assets are getting priced in that higher liquidity, right, if
Speaker 1: you understand the economics of what's happening here. But the
Speaker 1: same thing continues. Governments will continue to debase currency and
Speaker 1: print more money, and that's going to drive up global liquidity.
Speaker 1: But however, they do go into their quantitative tightening cycles.
Speaker 1: So these are things you have to be prepared for
Speaker 1: and think about and follow the macro cycles, watch the FED.
Speaker 1: This is why You gotta be careful with narratives because
Speaker 1: people will come tell you bull market's never gonna end,
Speaker 1: it's gonna keep going on forever. It doesn't go on forever.
Speaker 1: And just look at this folks, Berkshire Hathaway, which is
Speaker 1: Warren Buffett. They are in one of their largest cash
Speaker 1: positions right now. Warren has done this before major bear
Speaker 1: markets and huge market crashes, like he did it in
Speaker 1: nineteen ninety nine before the dot com bubble he was
Speaker 1: in a huge cash position. He did it in two
Speaker 1: thousand and six ahead of the two thousand and eight
Speaker 1: financial crisis. He did it in twenty twenty one ahead
Speaker 1: of the twenty twenty two bear market. And now he's
Speaker 1: in a very large cash position. So you can imagine
Speaker 1: he's ready to buy the blood on the streets. It's
Speaker 1: what I've been telling you guys. Bull markets don't last forever.
Speaker 1: There's gonna be a a lot of people pushing narratives,
Speaker 1: but they won't give you data. They just say no,
Speaker 1: this time's different. ETFs legislation, I sew to zero two
Speaker 1: to two, and whatever narratives they decide to come up with,
Speaker 1: right that the market must continue on and on. But
Speaker 1: history is not on their side. So folks, I hope
Speaker 1: you appreciate all the different factors I share with you
Speaker 1: guys to give you a full view of the market landscape.
Speaker 1: It's important to look at all these things. It's why
Speaker 1: we track global liquidity. And folks, if you look at
Speaker 1: the Federal Reserves website where the M two look at that,
Speaker 1: the chart's going parabolic and it's not only to FED,
Speaker 1: but you got central banks around the world which are
Speaker 1: injecting liquidity and that's driving global equity higher and higher. Now,
Speaker 1: as we've been monitoring, global liquidity is topping out right
Speaker 1: now around October early November. So this is where as
Speaker 1: I said in yesterday's podcast, I believe the blow off
Speaker 1: top will be around then. Plus you have cryptical legislation
Speaker 1: will be passed, the Market Structure Bill, that's a huge narrative.
Speaker 1: And you got the delay in the US China tariffs
Speaker 1: and that has been pushed back by three months and
Speaker 1: that puts US in October. So multiple factors here signaling
Speaker 1: potentially the top could be in that zone, so let's
Speaker 1: wait and see. And something else that's interesting. You're starting
Speaker 1: to see big names hedge fund guys and much more
Speaker 1: coming out starting to talk about investing in crypto. They
Speaker 1: usually do this when the rallies are heating up and
Speaker 1: starting to get close to the top. It brings in
Speaker 1: more liquidity. So look at this, Ray Dahlio suggests putting
Speaker 1: fifteen percent in bitcoin gold amid us debt doom loop.
Speaker 1: So Ray has said this before, right, he's I remember
Speaker 1: in twenty twenty, twenty twenty one. Now he's back again
Speaker 1: in another bull market. Now he's not wrong. The only thing,
Speaker 1: you know, when you put these narratives out there, people
Speaker 1: don't who don't understand market cycles. You know, they could
Speaker 1: be left holding the bag. But you know, he's not
Speaker 1: wrong that you should diversify and hold these assets. He's
Speaker 1: absolutely right, and I think it's it's smart to do that.
Speaker 1: But the timing is also important. Now if you're let's say,
Speaker 1: buying now, and you're like, you know, I don't care.
Speaker 1: I'm going to look at this from an eight to
Speaker 1: ten year standpoint, and you're fine, because the market will
Speaker 1: correct and then it will continue higher as global liquidity
Speaker 1: continues to rise. It's just the cyclical patterns, and you
Speaker 1: have a very long term view, you're fine that the
Speaker 1: dips don't even matter because your time horizon is so huge.
Speaker 1: So very interesting ray coming out, and we got an
Speaker 1: article here that Trump eyes moving US economy further into
Speaker 1: crypto via mortgages and four to one case. So I
Speaker 1: covered these news items over the past month or so,
Speaker 1: but it seems that we could hear about it with
Speaker 1: the White House Crypto report that's going to be released
Speaker 1: this week. Bo Hines had tweeted out about that, and
Speaker 1: we know that the Housing section of the government they
Speaker 1: already stated they're going to look at crypto for giving
Speaker 1: mortgages via Fani Made and Freddie Mack. So that's a
Speaker 1: huge win. And then Trump has been talking about opening
Speaker 1: up four one k's and retirement accounts to be able
Speaker 1: to invest in crypto. I think that's coming, folks. So
Speaker 1: you could see a lot of capital open up and
Speaker 1: it will be really amazing to see this play out,
Speaker 1: especially as crypto legislation has passed. So see the timing
Speaker 1: of all these things, right, It's all culminating to this
Speaker 1: massive bullish narrative and it will lead to a lot
Speaker 1: of liquidity. But as always, bull markets don't last forever.
Speaker 1: There will be a top and then things are going
Speaker 1: to have to correct. Is just the cyclical patterns of markets.
Speaker 1: So it's not about being emotional, it's about the facts
Speaker 1: and what has played out historically now, folks on the
Speaker 1: four to one K front, you can get ahead of
Speaker 1: that by setting up a self directed IRA with I
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Speaker 1: get these tax exemptions and benefits by setting up an IRA,
Speaker 1: and they'll also have a great custodial service called a
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Speaker 1: right behind self custody on a hardware wallet. I believe
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Speaker 1: you don't have to worry about, well, who's the custodian
Speaker 1: and all these things. So you can get the benefits
Speaker 1: of an IRA. You can get the custody of your
Speaker 1: crypto assets and they support eighty plus crypto assets. Folks.
Speaker 1: You can buy, sell trade in your IRA account. So
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Speaker 1: a great, great option here if you want to go
Speaker 1: the four to one k ira retirement route and get
Speaker 1: the tax benefits because you know when you sell you're
Speaker 1: going to get hit accoun gains. But there's certainly a
Speaker 1: big option here if you want to go this route.
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Speaker 1: great option, as I mentioned, and I'm a user of
Speaker 1: the platform. Now, huge news around PayPal. We know PayPal
Speaker 1: has gone all in on crypto. They offer the ability
Speaker 1: to invest in crypto on both PayPal and Venmo and
Speaker 1: Venmo zoned by PayPal of course. Well, they've expanded their
Speaker 1: crypto payments for US merchants to cut cross border fees.
Speaker 1: So the new feature supports over one hundred cryptocurrencies and
Speaker 1: major crypto wallets, aiming to simplify international commerce for US merchants. Folks.
Speaker 1: This is a massive on and off ramp because if
Speaker 1: you can use your crypto to spend with many merchants,
Speaker 1: that's really great. Now, I do believe the US government
Speaker 1: has to update the tax laws so that you're not
Speaker 1: hit with a capital gains type of transaction. I think
Speaker 1: Senator Lomis has tried to introduce legislation to get this done,
Speaker 1: where certain transactions below a certain number will be taxes them.
Speaker 1: So they feature connects shoppers crypto wallets and allows them
Speaker 1: to spend their digital assets while the merchant receive US dollars.
Speaker 1: The company aims to offer cheaper, faster cross border payments
Speaker 1: than traditional card payment methods. So you see the ramp
Speaker 1: up here right and on their ex profile, you know
Speaker 1: they shared some screenshots and you can connect your respective
Speaker 1: accounts from Coinbase, Binance, Meta mass crack in phantom OKX. Huge,
Speaker 1: huge on rampair folks, and you can do a lot
Speaker 1: of really cool things. So I love it. This is bullish.
Speaker 1: PayPal is a massive payments giant. They have their own
Speaker 1: stable coin as well, p y USD, so they're all
Speaker 1: in on crypto. Yet there's people out there who say
Speaker 1: this is all a scam. They don't understand. They just
Speaker 1: read headlines, they haven't taken the next step to educate
Speaker 1: themselves instead of reading headlines. So folks, count yourself lucky
Speaker 1: you're here early, as these big players are building the
Speaker 1: infrastructure for this technology and asset class. Now look at
Speaker 1: this Circle. They announced today they have formed a partnership
Speaker 1: with FIS Global, one of the largest financial technology companies
Speaker 1: in the world, to bring support for USDC stable coin
Speaker 1: and payments using Circle platforms to their large franchise of
Speaker 1: financial institutions and banks. Another massive infrastructure on ramp here, folks,
Speaker 1: and look who it's for, not necessarily retail, but financial
Speaker 1: institutions and banks. So banks are going to be using
Speaker 1: crypto in many different ways. Some are going to launch
Speaker 1: their own stable coins. We've heard about that. So it's
Speaker 1: really bullish to see news like this, folks, really really big.
Speaker 1: Now Backed, which is owned by the parent company of
Speaker 1: the New York Stock Exchange, the Intercontinental Exchange, they are
Speaker 1: selling their loyalty business and will be pivoting to pure
Speaker 1: play crypto offers shares as well. So back you know,
Speaker 1: they were a powerhouse building crypto. In late twenty eighteen,
Speaker 1: they were partnered with Starbucks and much more, but due
Speaker 1: to the regulatory uncertainty the business was facing. You know,
Speaker 1: it was Operation Choke point two point I was Gensler
Speaker 1: and all these guys attacking crypto. It really slowed things
Speaker 1: down for them. Plus I think the wife of the
Speaker 1: owner of the New York Stock Exchange or the Intercontinential
Speaker 1: Exchange had some political things going on, So it really
Speaker 1: hurt the business overall. And you know, they it was
Speaker 1: so promising because once again they were partnering with Microsoft
Speaker 1: and Starbucks and much more. But now that it looks
Speaker 1: like they're trying to find their way. But you know,
Speaker 1: other players have come in and they've built and you know,
Speaker 1: reapfrog them essentially. So BacT has sold its loyalty business
Speaker 1: for eleven million dollars. The firm also announced public offering
Speaker 1: of Class A shares and or pre funded warrant to
Speaker 1: buy bitcoin and fund working capital. So let's see what
Speaker 1: they come up with. I don't know how well they're
Speaker 1: going to do, but they had it. They were off
Speaker 1: to a great start and they lost a ton of momentum,
Speaker 1: and now it looks like the business is struggling and
Speaker 1: they're trying to find a way. But let's see, maybe
Speaker 1: they're able to make a comeback, folks. So Trump's Truth
Speaker 1: Social Bitcoin ETF among multiple crypto funds delayed by the SEC.
Speaker 1: So good to see the SEC is not playing favorites here.
Speaker 1: They've delayed grade scale bit wise, even Trump's Truth Social
Speaker 1: Bitcoin ETF and much more. I'm not sure what the
Speaker 1: delay is. I personally think with regards to all coin ETFs,
Speaker 1: the SEC is waiting for Congress to pass the market
Speaker 1: structure crypto legislation. But we'll see what they do here.
Speaker 1: You know, maybe they approve it in September. I don't know,
Speaker 1: you know, it's it's hard to tell what's happening. I'm
Speaker 1: trying to get an interview with SEC Chairman Paul Atkins
Speaker 1: and see what we can discuss. But at least once again,
Speaker 1: they're not playing favorites. They's just delaying everything. And it
Speaker 1: could be, you know, they're waiting for September. Maybe cool
Speaker 1: sure to when the market Structure bill has passed into law. Folks.
Speaker 1: That's the news. Let me know what you think. Leave
Speaker 1: your thoughts and comments below hit the thumbs up button.
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Speaker 1: is a comprehensive course that teaches you every aspect of crypto.
Speaker 1: Knowledge is power expand your knowledge to learn what is
Speaker 1: happening with this technology and all the different facets of it.
Speaker 1: So once again to go to Mycrypto course dot com.
Speaker 1: The link will be in the 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