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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto podcast. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in. Please sit that subscribe button as

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<v Speaker 1>well as a 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>not too much to talk about as relates to the price,

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<v Speaker 1>but I did want to highlight that bitcoin on the

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<v Speaker 1>daily chart. The mac D has flipped bullish, so we

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<v Speaker 1>got our first green bar here and let's see how

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<v Speaker 1>far this takes us. As I've been saying, we got

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<v Speaker 1>to be patient. The market is still recovering from that

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<v Speaker 1>October thirteenth dump and manipulation, and you still have some

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<v Speaker 1>headwinds because we're still waiting for the government to reopen.

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<v Speaker 1>We're still waiting for the tariff situation to resolve. Obviously,

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<v Speaker 1>we're gonna wait for the Fed to see their decision

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<v Speaker 1>next week or this coming week with regards to raycuts,

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<v Speaker 1>in addition to other factors, so there's a lot on

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<v Speaker 1>the whole, but we got to be patient and just

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<v Speaker 1>let the market do its thing. But as I stated,

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<v Speaker 1>in yesterday's podcast and in my newsletter, we're seeing some

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<v Speaker 1>positive signs here. Now we need bitcoin to close this

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<v Speaker 1>week strong. So tomorrow a Sunday, of course, we need

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<v Speaker 1>a strong close. I think above one hundred and eleven

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<v Speaker 1>thousand would be really good because right now on the

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<v Speaker 1>weekly chart, the bears are still in control. Now in

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<v Speaker 1>the monthly the bulls are in control. But again, the

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<v Speaker 1>market has to do his thing. We got to start

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<v Speaker 1>seeing the strength. But look, we can still get faked

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<v Speaker 1>out and go test some lows. Right, We've seen these

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<v Speaker 1>things time and time again, so let's see what happens.

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<v Speaker 1>Let's be patient. One thing we continue to see is

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<v Speaker 1>that global liquidity continues to break out, and that has

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<v Speaker 1>been leading all acid classes. And we saw gold hit

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<v Speaker 1>a top. Whether that's local or the blowff top, I

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<v Speaker 1>don't know. But then the S and P five hundred

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<v Speaker 1>started hitting new all time high, so we're starting to

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<v Speaker 1>see the rotation. So again we got to be patient.

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<v Speaker 1>Tom Lee, who's made some very great calls throughout the

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<v Speaker 1>bullmarket cycle, he is expecting cryptoa rally in today end

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<v Speaker 1>of the year and says the S and P five

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<v Speaker 1>hundred could climb another ten percent. So again, he's made

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<v Speaker 1>some great calls, but obviously doesn't mean he's absolutely going

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<v Speaker 1>to be right with this call. But I do believe

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<v Speaker 1>the higher probabilities on his side for his take here

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<v Speaker 1>because of the data, not emotions, not feelings, not biased,

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<v Speaker 1>simply the data does align with his narrative that he's

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<v Speaker 1>saying here, and so fingers cross, all of this plays

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<v Speaker 1>out right, folks. All right, I want to talk about

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<v Speaker 1>Coinbase's base Layer two token that is coming, folks, because

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<v Speaker 1>we got an update from JP Morgan. Now I'm not

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<v Speaker 1>want to take investment advice from JP Morgan, but the

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<v Speaker 1>point is it looks like they're trying to prep the

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<v Speaker 1>market for this launch. So Coinbase stock surges after JP

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<v Speaker 1>Morgan upgrade on Base USDC potential. So JP Morgan Chase

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<v Speaker 1>upgraded the cryptocurrency exchange, highlighting the new monetization opportunities tied

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<v Speaker 1>to its base network and USDC payoff strategy. The bank's

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<v Speaker 1>analysts lifted their rating to overweight from neutral and raise

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<v Speaker 1>their price target to four hundred and four dollars per year,

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<v Speaker 1>implying roughly fifteen percent upside from current levels. JP Morgan

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<v Speaker 1>said Coinbase is leaning into its base layer to blockchain,

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<v Speaker 1>and exploring ways to better capture value from the platform's growth.

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<v Speaker 1>The bank estimated that the launch of a base token

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<v Speaker 1>could represent a twelve billion to thirty four billion dollar

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<v Speaker 1>market opportunity, with coinbases retain share potentially worth four billion

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<v Speaker 1>to twelve billion dollars. Analysts noted that the tokens distribution

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<v Speaker 1>would likely prioritize developers, validators, and base community, So folks,

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<v Speaker 1>there's an opportunity here. I agree with JP Morgan on this.

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<v Speaker 1>Once again, I'm not taking advice from them. I'm just

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<v Speaker 1>reporting the news. But we have seen coinbase grow significantly.

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<v Speaker 1>They're the largest exchange in the United States with a

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<v Speaker 1>very strong brand. They have expanded internationally and they can

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<v Speaker 1>teue to do so. They launch Base, which is getting

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<v Speaker 1>a lot of adoption. Even JP Morgan has been tokenizing

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<v Speaker 1>on Base, and you have other institutions as well, and

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<v Speaker 1>there have been rumors and statements from certain folks at

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<v Speaker 1>coinbase that they're going to launch a token. Now, this

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<v Speaker 1>is a token I will look at investing in. So

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<v Speaker 1>I'm not telling you you should do that. You should

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<v Speaker 1>do your own research, but I'm going to look into

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<v Speaker 1>doing this because I think this will capture a lot

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<v Speaker 1>of value. Again with the brand, the positioning of coinbase

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<v Speaker 1>in the United States. You got the crypto market structure

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<v Speaker 1>build coming up, right. We often talk about one of

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<v Speaker 1>the top signals is when the coinbase app ranking hits

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<v Speaker 1>you know, one through ten, it's in the top ten,

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<v Speaker 1>sometimes going to number one. Those are top signals, right,

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<v Speaker 1>because it's showing that retail is here. So Coinbase has

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<v Speaker 1>a massive brand, it's one of the most trusted exchanges. Right,

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<v Speaker 1>So this is a coin I would be looking to

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<v Speaker 1>invest in. Now, Will I go buy as soon as

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<v Speaker 1>it launches and if it's near the peak of the market,

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<v Speaker 1>Hell no, Right, I'm gonna wait for it to correct

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<v Speaker 1>and like in the bear market, and then buy now.

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<v Speaker 1>You can go buy the top if you want. That's

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<v Speaker 1>you know, your prerogative. But I'm just telling you that's

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<v Speaker 1>what I'm doing. And I'm gonna do what has paid

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<v Speaker 1>off for me buying the blood on the streets, never

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<v Speaker 1>buying into pumps and being patient and let the coins

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<v Speaker 1>do their thing as the bull market heats up. So

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<v Speaker 1>guys putting this on your radar, let's watch this coin.

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<v Speaker 1>You see what binances coin b and B has done.

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<v Speaker 1>I mean that thing is over one thousand dollars right,

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<v Speaker 1>and I do believe a basis token can do really well.

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<v Speaker 1>So again something to keep on your radar. Now, speaking

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<v Speaker 1>of Binance, huge news Kyrgyzstan to launch a stable coin,

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<v Speaker 1>and B and B plans CBDC in partnership with advisor

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<v Speaker 1>champing Zao. So we know cz was added as an advisor,

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<v Speaker 1>so they got their foot in the door. Binance is

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<v Speaker 1>going to be the one supporting them in many different ways.

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<v Speaker 1>So it's amazing to see these countries building with crypto

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<v Speaker 1>right and setting up different crypto products and using the

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<v Speaker 1>blockchain technology and much more so. The Central Asian nation

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<v Speaker 1>of Kyrgyzstan has rolled out a new stable coin KGST,

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<v Speaker 1>pegged one to one to the country's SOM currency. President

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<v Speaker 1>Sadir Japarov announced on Friday, following a meeting that included

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<v Speaker 1>Binance founder Champang Zau. Zau signed an agreement with Kyrgyzstan's

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<v Speaker 1>National Investment Agency in April, pledging to cooperate with the

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<v Speaker 1>government in cryptocurrency and blockchain development in the nation. Now,

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<v Speaker 1>following the second meeting of the nation's National Council for

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<v Speaker 1>the Development of Virtual Assets and Blockchain Technologies. Kyrgyzstan is

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<v Speaker 1>rolling out a or the KGST stable cooin PEG to

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<v Speaker 1>the country's som currency, the government announced. Japarov also issued

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<v Speaker 1>other crypto related decrees following the meeting, instructing the country's

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<v Speaker 1>Economy Ministry to improve the legislative framework for digital assets,

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<v Speaker 1>calling on the Council to submit proposals for a state

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<v Speaker 1>cryptocurrency reserve within two months, and telling the National Bank

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<v Speaker 1>to begin pilot testing of the digital PSALM, a CBDC

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<v Speaker 1>apparently separate from the kg SC stable coin. Wow, lots

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<v Speaker 1>happening here, guys, Very bullish for the country itself, Very

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<v Speaker 1>bullish with the adoption of crypto because you know, neighboring

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<v Speaker 1>countries are going to be paying attention to this game.

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<v Speaker 1>Theory will play out, and this is very big for Binance.

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<v Speaker 1>Clearly going to be building on the finance mart chain

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<v Speaker 1>and Binance is probably gonna help facilitate a lot of this.

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<v Speaker 1>So pretty incredible move here by Binance, very strategic and

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<v Speaker 1>like I said, guys, I'm sure they're gonna get call

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<v Speaker 1>some of the other countries who are participating. Cz himself

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<v Speaker 1>you know, he tweeted out about this and highlighted all

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<v Speaker 1>of these respective wins. So incredible stuff here now, folks,

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<v Speaker 1>this episode is brought to you by Proppy. Propy is

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<v Speaker 1>leading to charge with putting real estate on chain. I'm

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<v Speaker 1>a Proppy token holder. I have been since twenty eighteen

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<v Speaker 1>because I when I discovered him, I recognized they were

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<v Speaker 1>ahead of the curve in trying to disrupt the real

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<v Speaker 1>estate market with blockchain tech and of course moving real

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<v Speaker 1>estate on chain. We know tokenization is the future of finance.

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<v Speaker 1>All assets will trade on the blockchain, and we know

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<v Speaker 1>real estate is the world's largest asset class, so it's

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<v Speaker 1>going on the blockchain. So with Propy, you can buy

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<v Speaker 1>and sell real estate with cryptocurrencies. If you want to

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<v Speaker 1>sell your house or bitcoin or etherorem or whatever it is,

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<v Speaker 1>you can do that, which is pretty incredible. And of

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<v Speaker 1>course their platform is powered by blockchain. They've put deeds

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<v Speaker 1>on chain. They use coinbase for the crypto escrow service,

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<v Speaker 1>and folks, they've done over four billion dollars in deals.

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<v Speaker 1>Legendary billionaire investor Tim Draper is an investor in Propy,

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<v Speaker 1>and they are partnered with a lot of the real

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<v Speaker 1>estate associations across the United States and much more, folks.

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<v Speaker 1>So I'm very bullish on this project. Once again. I'm

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<v Speaker 1>a tokenholder, have been for a long time. It's one

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<v Speaker 1>of my long term bets because I see where the

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<v Speaker 1>puck is heading with real estates being disrupted by blockchains. So, folks,

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<v Speaker 1>if you'd like to learn more about Propy, you goo

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<v Speaker 1>to propy dot com could be in the description. Now

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<v Speaker 1>check this news out, guys, this is cool adoption news.

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<v Speaker 1>Ferrari to launch digital token to let fans bid on

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<v Speaker 1>its Lemons winning race car. So you may not be

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<v Speaker 1>into cars, you may not be into Ferrari and car

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<v Speaker 1>racing and much more. I love Ferrari as a company

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<v Speaker 1>and a brand in the cars. I wish I could

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<v Speaker 1>own one maybe, As you know, I take profits in

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<v Speaker 1>this bullmarket, But of course I think I have some

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<v Speaker 1>smarter things to do with the money right now, you know,

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<v Speaker 1>take your family, eliminate debt. Things I got right, but

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<v Speaker 1>you know, you never know. I wouldn't mind buying a

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<v Speaker 1>classic Ferrari, not necessarily a new one. But anyway, I digress.

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<v Speaker 1>This is really cool adoption. We're gonna see many brands

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<v Speaker 1>and companies around the world. Use blockchain technology, get creative,

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<v Speaker 1>get people to be more involved with their brands, and

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<v Speaker 1>give them more ownership. Right, That's what this technology opens up.

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<v Speaker 1>So let me give you the details here. Ferraris entering

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<v Speaker 1>the cryptocurrency world with plans to launch a digital token

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<v Speaker 1>that will allow it's wealthiest fans to bid on one

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<v Speaker 1>of its most iconic racing cars, the Ferrari four nine

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<v Speaker 1>nine P, a Lemon's winning endurance model. The Italian carmaker

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<v Speaker 1>will issue the token Ferrari four nine nine P in

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<v Speaker 1>partnership with fintech firm Coinio, aimed exclusively at members of

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<v Speaker 1>its hyper Club, a private network of one hundred elite

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<v Speaker 1>clients with a passion for endurance racing. According to a

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<v Speaker 1>Saturday report by Reuters, here's a quote. This is about

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<v Speaker 1>strengthening the sense of belonging amongst our most loyal customers.

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<v Speaker 1>Enrico Galliera, Ferrari's chief marketing and commercial officer, reportedly said

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<v Speaker 1>holders of the token will be able to trade among

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<v Speaker 1>themselves and participate in exclusive auctions, including one for the

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<v Speaker 1>fourigy nine nine P. The initiative is set to debut

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<v Speaker 1>alongside the twenty twenty seven World Endurance Championship season. So, folks,

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<v Speaker 1>as I've been saying for years, we're headed to the

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<v Speaker 1>token economy. Many brands and companies will have this, and

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<v Speaker 1>I've often said the markets, the governments in the economies

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<v Speaker 1>will all be running on blockchain rails. So really cool

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<v Speaker 1>news here, and I've often talked about crypto is a

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<v Speaker 1>global acid class, in fact, the first truly global acid class.

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<v Speaker 1>Some people will say, what about gold, Tony, Well, gold

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<v Speaker 1>you can't easily verify to supply. You don't have real

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<v Speaker 1>time settlement, you don't have portability, you don't have the visibility,

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<v Speaker 1>you know the benefits, right, So you have all of

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<v Speaker 1>that with crypto, to touch of a button on your phone.

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<v Speaker 1>You don't have that with gold, even though you know

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<v Speaker 1>a lot of people around the world may say I

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<v Speaker 1>hold gold. But again, all of that was not verifiable.

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<v Speaker 1>It was incredibly segmented, right. But with crypto, man, you

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<v Speaker 1>can plug into the blockchain and see everything that's happening, right,

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<v Speaker 1>and what's moving which wallets again, the instance settlement, and

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<v Speaker 1>much much more so. And this is because of the Internet.

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<v Speaker 1>Right You're seeing all these networks are built on the Internet,

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<v Speaker 1>and everybody's pretty much connected to the Internet. All you

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<v Speaker 1>need is a smartphone. You don't even need a lab top.

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<v Speaker 1>So countries across Africa approve new crypto laws as adoption grows.

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<v Speaker 1>So yesterday, the Governor of the Bank of Ghana, the

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<v Speaker 1>country's central bank, said the crypto regulations will be in

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<v Speaker 1>place by the end of twenty twenty five. This follows

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<v Speaker 1>draft guidelines the Bank published last year. By introducing a

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<v Speaker 1>strong legal footing for crypto investadors and companies, Ghana will

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<v Speaker 1>join nine other countries on the continent that have laws

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<v Speaker 1>in place for digital assets. In general, crypto adoption is

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<v Speaker 1>growing in Africa, particularly in Sub Saharan Africa. Grassroots adoption

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<v Speaker 1>and retail activity make it the third fastest growing region

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<v Speaker 1>for crypto. Lawmakers are taking notice. Here's a look at

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<v Speaker 1>ten countries that have developed or are developing specific legal framework.

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<v Speaker 1>So it includes Kenya, Tanzania, Sei, Chile's Mauritius, Botswana, South Africa, Namidia, Rwanda, Nigeria, Ghana.

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<v Speaker 1>So guys, this is incredible. I mean, many folks in

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<v Speaker 1>these countries they are recognizing that this is a store

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<v Speaker 1>of value and they can do a lot of things.

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<v Speaker 1>They can earn better and I think people are going

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<v Speaker 1>to start waking up more and more to this, and

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<v Speaker 1>there's going to be more adoption, and I think the

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<v Speaker 1>governments are recognizing it. And look, I think we know

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<v Speaker 1>all governments are going to embrace this. And I've said

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<v Speaker 1>many times, any country that bans cryptos is writing their

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<v Speaker 1>economic death sentence. So this is really really bullish, guys,

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<v Speaker 1>really great to see. Final news item here Tether eyes

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<v Speaker 1>fresh investments to push us AT stable coin to one

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<v Speaker 1>hundred million Americans at December launch. So many of you

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<v Speaker 1>know this is Tether's us A compliance stable coin called

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<v Speaker 1>us AT and they're gonna launch it in December, and

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<v Speaker 1>it looks like they're gonna raise capital to do so.

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<v Speaker 1>I plan to have Bohinz who is heading up this,

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<v Speaker 1>and you know, we'll talk all about all the details,

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<v Speaker 1>but this is pretty cool. So mark your calendar is here.

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<v Speaker 1>Teler's launching this come December, and let's see how they

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<v Speaker 1>make the push. The US market is very competitive, to

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<v Speaker 1>say the least. Right, you got USDT already in the market.

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<v Speaker 1>Some people use that you got USDC, you got Paypals

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<v Speaker 1>p Y USD, you got Ripples r L USD, and

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<v Speaker 1>there's some others as well, but incredible. Let's see how

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<v Speaker 1>it plays out. Competition is good for consumers and us

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<v Speaker 1>as users, so let's see how it all plays out.

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<v Speaker 1>But this is very interesting, folks. That's the news. Let

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<v Speaker 1>me know what you think. Leave your thoughts and comments

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<v Speaker 1>below hit the thumbs up button. If you appreciated this content,

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

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<v Speaker 1>news that are on Substack. It is one hundred percent free.

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<v Speaker 1>I put out a write up yesterday, so check it out,

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<v Speaker 1>and also check out my book on Amazon. It's available

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<v Speaker 1>in paperback in digital, and my course at Mycrypto course

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<v Speaker 1>dot com. This is a comprehensive course that teaches you

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<v Speaker 1>everything about crypto, so check it out. Folks. Thank you

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<v Speaker 1>for tuning in. I appreciate you all, and I'll talk

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<v Speaker 1>to you all later.