WEBVTT 1 00:00:05.400 --> 00:00:08.919 Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home 2 00:00:09.000 --> 00:00:13.160 for cryptocurrency news and interviews. I'm your host, Tony Edward. 3 00:00:13.240 --> 00:00:15.839 On your way in. Please hit that subscribe button as 4 00:00:15.839 --> 00:00:18.359 well as a thumbsup button and leave a common blow. 5 00:00:18.559 --> 00:00:21.199 If you're listening on a podcast platform such as Spotify 6 00:00:21.320 --> 00:00:24.879 or Apple, please leave a five star rating and review. Folks, 7 00:00:25.239 --> 00:00:27.800 nothing new happening with the price of bitcoin. We are 8 00:00:27.879 --> 00:00:31.679 still in no man's land, still consolidating, still chopping, So 9 00:00:31.719 --> 00:00:33.799 we got to give the market some more time. But 10 00:00:34.079 --> 00:00:37.479 today well known analyst Willie Wu who's a bitcoin og. 11 00:00:37.679 --> 00:00:41.880 The man's been doing analysis on bitcoin since like twenty fourteen, 12 00:00:42.479 --> 00:00:45.920 and he posted the following chart saying bitcoin rally to 13 00:00:46.000 --> 00:00:49.359 one hundred and twenty four five hundred dollars and then 14 00:00:49.479 --> 00:00:52.640 down to one hundred and twelve thousand, five hundred driven 15 00:00:52.679 --> 00:00:56.880 by liquidations. It's been overly speculative. The real question is 16 00:00:57.000 --> 00:01:00.679 what are investors doing. The MCR, which is the macro 17 00:01:00.799 --> 00:01:06.159 cycle risk signal, is dropping, hinting at investor liquidity returning. 18 00:01:06.560 --> 00:01:09.680 If the trend continues, Bitcoin is in great shape to 19 00:01:09.719 --> 00:01:12.000 move higher. So one of the things I often share 20 00:01:12.000 --> 00:01:14.120 with you guys, is on chain data from a sentiment 21 00:01:14.159 --> 00:01:17.280 which shows if bitcoin whales are accumulating. So while it's 22 00:01:17.280 --> 00:01:19.359 with ten or more bitcoin, are they buying and we've 23 00:01:19.359 --> 00:01:22.480 been seeing that trend since the dip, they've been buying. Well, 24 00:01:22.480 --> 00:01:26.239 here's another signal the macrocycle risks saying, hey, things are 25 00:01:26.319 --> 00:01:29.439 cooling down and liquidity is coming back, so we're going 26 00:01:29.519 --> 00:01:31.560 to find the bottom and keep moving. We know the 27 00:01:31.640 --> 00:01:35.120 cycle top's not in, right, just in general, the market 28 00:01:35.159 --> 00:01:37.680 doesn't end this way. It usually ends when people are 29 00:01:37.719 --> 00:01:41.599 euphoric and they think it won't end because remember, the 30 00:01:41.640 --> 00:01:43.879 market does the opposite of the herd. So if they 31 00:01:44.000 --> 00:01:46.879 heard right now things, oh the top is in, this 32 00:01:47.000 --> 00:01:50.120 thing is over. That's how the majority of investors feel, 33 00:01:50.480 --> 00:01:52.480 then you know the market's going to be the opposite. 34 00:01:52.640 --> 00:01:56.599 But when the majority of the herd is saying, oh man, 35 00:01:56.640 --> 00:01:59.000 this thing is going to keep going higher. Nothing stopping 36 00:01:59.040 --> 00:02:02.640 this bullmarket. You're in idiot for taking profits, right, that's 37 00:02:02.680 --> 00:02:04.920 when the market's going to do the opposite. How many 38 00:02:04.920 --> 00:02:07.120 times have we seen it? And we know the market 39 00:02:07.159 --> 00:02:10.240 is primarily driven by Wales and they are on the 40 00:02:10.280 --> 00:02:12.560 side of smart money. They buy the blood, fear and 41 00:02:12.599 --> 00:02:15.159 depression which I've been telling you guys to do right, 42 00:02:15.960 --> 00:02:18.240 and then they sell the you four degreed tops. The 43 00:02:18.319 --> 00:02:22.319 majority of retail investors they do the opposite. They don't. 44 00:02:22.560 --> 00:02:25.240 They are scared at the bottom, and then they come 45 00:02:25.280 --> 00:02:27.960 buy the tops, they buy the pumps, and you would 46 00:02:28.000 --> 00:02:31.919 wonder why aren't they researching and understanding these things. Well, 47 00:02:32.319 --> 00:02:35.000 it's because they haven't taken that next step in their journey. 48 00:02:35.159 --> 00:02:38.479 And we've all been there, including myself, to educate themselves. 49 00:02:38.560 --> 00:02:41.120 They just simply take their advice on TV from Jim 50 00:02:41.159 --> 00:02:44.800 Kramer and they become exit liquidity or what markets call 51 00:02:45.120 --> 00:02:47.879 dumb money. Don't be part of dumb money, guys, be 52 00:02:47.960 --> 00:02:51.520 part of smart money. So guys, be patient. Things are 53 00:02:51.560 --> 00:02:54.960 setting up here. Multiple signals are telling us that there's 54 00:02:55.000 --> 00:02:58.360 more room to run here. Now today Tether minted another 55 00:02:58.479 --> 00:03:02.280 billion USDT. That's two billion in the past week. And 56 00:03:02.360 --> 00:03:05.439 if you look at USDT dominance, it's on its way up. 57 00:03:05.479 --> 00:03:08.639 And as I've been telling you guys, this is doing 58 00:03:08.680 --> 00:03:11.639 the inverse of the assets. The assets are bleeding and 59 00:03:11.960 --> 00:03:14.919 USDT dominance is rising. But that's good. The liquidity is 60 00:03:14.960 --> 00:03:17.919 building up again and then it's going to start entering 61 00:03:18.000 --> 00:03:20.439 the market Bitcoin and the all coins will run. It's 62 00:03:20.439 --> 00:03:23.120 the same cyclical pattern we've been seeing over and over, 63 00:03:23.400 --> 00:03:26.800 and as I've been highlighting, I believe USDT dominance is 64 00:03:26.840 --> 00:03:29.599 going to break four percent, go down to maybe three 65 00:03:29.639 --> 00:03:32.039 zero point five percent, and that's a lot of liquidity 66 00:03:32.120 --> 00:03:34.280 it's going to enter the market, and that's where I 67 00:03:34.280 --> 00:03:36.560 believe we're going to see our euphoric blow off top. 68 00:03:37.080 --> 00:03:41.240 So I think as we head into September and October, 69 00:03:41.240 --> 00:03:45.199 it's going to be very, very exciting. And here billionaire 70 00:03:45.240 --> 00:03:48.719 Bill Miller the fourth says one percent of the sixty 71 00:03:48.800 --> 00:03:52.560 trillion in global retirement accounts could add thirty thousand to 72 00:03:52.719 --> 00:03:56.479 bitcoins price. He says he sees a two percent allocation 73 00:03:56.520 --> 00:03:59.919 as conservative, So that's interesting. Every one percent, he said, 74 00:04:00.319 --> 00:04:03.639 adds thirty thousand. So let's say two percent happens. That 75 00:04:03.680 --> 00:04:06.680 would be sixty thousand dollars plus the price right now, 76 00:04:07.000 --> 00:04:09.479 So we could say around one hundred and seventy five 77 00:04:09.560 --> 00:04:12.240 k maybe in that range, right you could go higher. 78 00:04:12.520 --> 00:04:15.159 Now what he's referencing is, of course, the United States 79 00:04:15.199 --> 00:04:19.040 Trump signing an executive order opening up retirement accounts to 80 00:04:19.160 --> 00:04:21.959 invest in different assets, which includes crypto. Let me play 81 00:04:22.000 --> 00:04:24.040 a clip here for you about what he had to 82 00:04:24.040 --> 00:04:25.240 say on CNBC today. 83 00:04:25.319 --> 00:04:28.720 Our sixty trillion worth of assets globally in retirement accounts 84 00:04:28.920 --> 00:04:32.120 with zero allocation right now in digital assets. Every one 85 00:04:32.199 --> 00:04:35.959 percent allocation from that sixty trillion adds thirty thousand dollars 86 00:04:36.000 --> 00:04:38.120 to bitcoins price, And so from my perspective, a two 87 00:04:38.160 --> 00:04:41.279 percent allocation would be conservative when you consider that all 88 00:04:41.319 --> 00:04:45.519 of those assets are currently in a monetary framework whose 89 00:04:45.560 --> 00:04:47.759 authorities have told you they want to appreciate it by 90 00:04:47.800 --> 00:04:50.079 two percent a year. So why wouldn't those accounts stake 91 00:04:50.079 --> 00:04:52.519 two percent of everything do nominated in melting ice cubes 92 00:04:52.519 --> 00:04:55.120 sticking in another protocol altogether? So again, that would just 93 00:04:55.279 --> 00:04:56.959 that alone would take us a bitcoin at one hundred 94 00:04:56.959 --> 00:04:58.759 and seventy five k or up more than fifty percent. 95 00:04:58.800 --> 00:05:01.959 From here. We still think we are incredibly early. We're 96 00:05:01.959 --> 00:05:05.439 still seeing early signs of institutional adoption. You look at Norgist, 97 00:05:05.439 --> 00:05:09.399 the world's largest southern wealth fund, almost two trillion in assets, 98 00:05:09.399 --> 00:05:12.120 has been increasing its exposure to bitcoin digital assets. It's 99 00:05:12.120 --> 00:05:13.839 still a rounding error for them. But when the world 100 00:05:13.920 --> 00:05:17.000 started largest sovereign wealth fund, the world's largest endowment in 101 00:05:17.040 --> 00:05:19.240 Harvard is now buying bitcoin starts to do it. That 102 00:05:19.319 --> 00:05:21.920 opens up the door for all the other relevant parties, 103 00:05:22.160 --> 00:05:25.000 other endowments, other sovereign wealth funds to do this in 104 00:05:25.000 --> 00:05:25.879 a very interesting way. 105 00:05:26.240 --> 00:05:28.839 So there you have it. Very interesting statements, and I 106 00:05:28.839 --> 00:05:31.720 think he's on point that a lot of capital could 107 00:05:31.759 --> 00:05:34.079 come from the retirement accounts, and of course it allows 108 00:05:34.399 --> 00:05:37.160 a lot of the endowments, pensions and many other folks 109 00:05:37.199 --> 00:05:40.480 to participate in this asset class. And I think once 110 00:05:40.560 --> 00:05:43.120 the market Structure Bill is passed, it's going to be 111 00:05:43.120 --> 00:05:45.120 the big signal that a lot of the capital that 112 00:05:45.160 --> 00:05:48.000 has been sitting on the sidelines waiting for clarity to 113 00:05:48.160 --> 00:05:51.480 come in and I think that could all lead once 114 00:05:51.519 --> 00:05:54.480 again to the blow off top. So very exciting news here. 115 00:05:55.120 --> 00:05:59.600 Now look at this, folks. China is considering allowing you 116 00:05:59.720 --> 00:06:04.000 on back stable coins. We just yesterday talked about Japan 117 00:06:04.120 --> 00:06:08.000 launching a stable coin on the Avalanche blockchain, so we 118 00:06:08.040 --> 00:06:10.519 are seeing game theory play out here. We know the 119 00:06:10.639 --> 00:06:13.680 United States has passed stable coin legislation, the Genius Act, 120 00:06:13.920 --> 00:06:16.199 and many banks are going to launch their stable coins. 121 00:06:16.240 --> 00:06:20.199 So you're seeing a big move towards stable coins around 122 00:06:20.240 --> 00:06:23.600 the world. So China weighs you on back stable coins 123 00:06:23.680 --> 00:06:26.879 in major policy shift. According to Reuter's let me give 124 00:06:26.879 --> 00:06:29.920 it to details, China, one of the most restrictive global 125 00:06:30.000 --> 00:06:34.839 jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese you on 126 00:06:35.000 --> 00:06:38.839 back stable coins in what would be a major policy reversal. 127 00:06:39.120 --> 00:06:42.480 Chinese authorities may authorize you on back stable coins for 128 00:06:42.560 --> 00:06:45.360 the first time to promote global use of its currency, 129 00:06:45.680 --> 00:06:49.040 Reuters reported on Wednesdays, citing sources familiar with the matter. 130 00:06:49.480 --> 00:06:52.759 If approved, China's plan for stable coin use would mark 131 00:06:52.800 --> 00:06:55.240 a major shift in its approach to crypto after the 132 00:06:55.279 --> 00:06:59.360 country banned crypto trading and mining in September twenty twenty one. 133 00:06:59.800 --> 00:07:03.519 New has followed multiple reports suggesting that mainland China had 134 00:07:03.560 --> 00:07:06.360 been warming up to stable coins amid a US stable 135 00:07:06.399 --> 00:07:09.720 coin push in twenty twenty five. So again, game theory. 136 00:07:09.759 --> 00:07:12.399 No one wants to get left behind, and this is 137 00:07:12.439 --> 00:07:15.399 the future of the markets in the economy. This is 138 00:07:15.439 --> 00:07:17.600 going to be the currency wards. It's going to play 139 00:07:17.639 --> 00:07:20.480 out in the stable coin format. And of course the 140 00:07:20.600 --> 00:07:23.560 US still has the world reserve currency, and now with 141 00:07:23.839 --> 00:07:27.839 legislation pass and with stable coin issuers buying US debt, 142 00:07:28.199 --> 00:07:31.000 that is going to help solidify the US dollars dominance 143 00:07:31.360 --> 00:07:33.720 as the world reserve currency. But you know, China is 144 00:07:33.759 --> 00:07:36.319 not just going to sit on its hands. They're going 145 00:07:36.360 --> 00:07:40.560 to compete. And I've been hearing about China looking to 146 00:07:40.680 --> 00:07:45.000 insert its own digitally you want or CBDC in different 147 00:07:45.040 --> 00:07:48.279 markets and countries that it's helping to develop. So there's 148 00:07:48.279 --> 00:07:51.079 going to be a big geopolitical battle here, folks. But 149 00:07:51.800 --> 00:07:54.920 clearly the technology is here. To say, there are people 150 00:07:54.920 --> 00:07:58.800 who still think blockchain is some fad, some ponzi right, 151 00:07:58.839 --> 00:08:02.199 they think the crypto assets is all a scam. They 152 00:08:02.199 --> 00:08:06.759 have not educated themselves, and clearly role superpowers are moving 153 00:08:06.800 --> 00:08:10.600 towards adopting this technology. And I'm very curious to see 154 00:08:10.600 --> 00:08:13.040 how China rolls this out. And they're not going to 155 00:08:13.120 --> 00:08:15.560 be the only one, you know, as I mentioned earlier Japan, 156 00:08:16.120 --> 00:08:18.680 they're going to launch THEIRS in every major country. I 157 00:08:18.680 --> 00:08:21.439 believe we'll have their own version and all of this 158 00:08:21.480 --> 00:08:24.040 is good for crypto And again, like I said, for Japan, 159 00:08:24.079 --> 00:08:26.199 we want to see which blockchain this is built on. 160 00:08:26.560 --> 00:08:29.040 Maybe their own blockchain, but there's going to be many 161 00:08:29.240 --> 00:08:31.839 countries they're going to build on public blockchains. Like Japan 162 00:08:31.920 --> 00:08:36.080 is building an avalanche, So incredible news here. This is 163 00:08:36.279 --> 00:08:39.000 very bullish, And one of the things I wrote about 164 00:08:39.559 --> 00:08:42.799 last year in my newsletter was I believe China has 165 00:08:42.840 --> 00:08:45.879 been using Hong Kong, which it controls, as the testing 166 00:08:45.879 --> 00:08:50.000 ground for stable coins, for ETFs and crypto and much more. 167 00:08:51.000 --> 00:08:53.159 One of the things I expect is for China to 168 00:08:53.200 --> 00:08:58.120 open up ETF crypto ETF trading to mainland Chinese citizens. 169 00:08:58.360 --> 00:09:02.440 Why because it allows the capital to stay in the country. 170 00:09:02.720 --> 00:09:06.519 China's had a problem with capital leaving its countries. And 171 00:09:07.679 --> 00:09:09.600 if you put it in an ETF rapper, it ain't 172 00:09:09.639 --> 00:09:11.519 going anywhere, right, It's not like they bought it that 173 00:09:11.639 --> 00:09:13.600 Like people buy it on an exchange and then they 174 00:09:13.639 --> 00:09:16.799 can move the acid out the country. You can't do 175 00:09:16.879 --> 00:09:18.960 that with an ETF. It is in the rapper, it's 176 00:09:19.000 --> 00:09:23.639 being reported to their version of the sec right. So 177 00:09:24.200 --> 00:09:27.080 this is where I believe the next move for China 178 00:09:27.600 --> 00:09:31.399 is to open up ETF. And it's just a matter 179 00:09:31.440 --> 00:09:35.039 of time. Anyone who bans this technology, they're writing their 180 00:09:35.080 --> 00:09:38.399 economic death sentence because, as I've been telling you, guys, 181 00:09:38.440 --> 00:09:41.960 beating the drum, blockchain rails are going to power the governments, 182 00:09:41.960 --> 00:09:44.840 the economies, and the markets. That is the direction to 183 00:09:44.919 --> 00:09:47.840 Puck is heading in. And I've often said over the years, 184 00:09:47.840 --> 00:09:51.480 We're headed to the token economy, tokenization of all assets, 185 00:09:51.519 --> 00:09:55.879 so including your fiat currency. Right. So this is incredible, 186 00:09:55.960 --> 00:09:59.639 incredible news. So, according to the sources, China's State Council 187 00:09:59.639 --> 00:10:03.559 will view and potentially approve a roadmap later in August 188 00:10:03.879 --> 00:10:07.200 to expand global use of the yuan. The plan reportedly 189 00:10:07.360 --> 00:10:11.200 includes steps to counter US progress on stable coins and 190 00:10:11.320 --> 00:10:15.879 guidelines for risk prevention. One use case for a potential 191 00:10:15.960 --> 00:10:19.000 yuan back stable coin from mainland China would be the 192 00:10:19.039 --> 00:10:22.799 implementation of stable coins for cross border trade and payments 193 00:10:22.840 --> 00:10:26.399 with some countries. The issue is expected to be discussed 194 00:10:26.480 --> 00:10:30.159 at the Shanghai Cooperation Organization Summit that will be held 195 00:10:30.279 --> 00:10:36.320 between August thirty first and September one. Very interesting, folks, 196 00:10:37.399 --> 00:10:40.879 And you know, speaking of governments and central banks, today 197 00:10:40.919 --> 00:10:45.679 we got another FED representative talking about crypto and stable coins. Yesterday, 198 00:10:45.720 --> 00:10:50.320 I share that Bowman was at the SALTS conference and 199 00:10:50.399 --> 00:10:54.279 she was talking about stable coins as well as tokenization 200 00:10:54.360 --> 00:10:57.480 and much more. Well, look at this fed's waller urges 201 00:10:57.679 --> 00:11:02.799 embrace of innovation as central banks FMC discusses stable coins, 202 00:11:03.039 --> 00:11:05.679 so together the private sector in the FED could help 203 00:11:05.720 --> 00:11:08.840 bolster the US payment system, Waller said on Wednesday during 204 00:11:08.879 --> 00:11:13.600 the Wyoming Blockchain Symposium. Waller's comments came hours before the 205 00:11:13.639 --> 00:11:16.360 FED released it's minutes from a meeting in July where 206 00:11:16.399 --> 00:11:19.919 stable coins were discussed. Again, do you see where the 207 00:11:19.919 --> 00:11:23.039 puck is heading. All the major central banks, all the 208 00:11:23.080 --> 00:11:27.200 main superpowers are involved here. So this is where again, 209 00:11:28.120 --> 00:11:30.480 we are all invested. We want to make money, but 210 00:11:30.519 --> 00:11:32.840 you also have to have the macroview. And I've been 211 00:11:32.879 --> 00:11:35.960 telling you guys, I'm not just bullish and excited about 212 00:11:35.960 --> 00:11:38.840 this ballmarket and its blow off top, but also for 213 00:11:38.879 --> 00:11:41.519 the future ballmarkets, because these things are going to take 214 00:11:41.519 --> 00:11:43.720 time to be built and the rails and the setup, 215 00:11:44.080 --> 00:11:48.480 and I expect the crypto market cap to continue to grow. 216 00:11:48.840 --> 00:11:52.919 Potentially we could reach ten trillion dollars by the time 217 00:11:53.000 --> 00:11:55.039 this thing hits a blow off top this year or 218 00:11:55.039 --> 00:11:58.720 early next year, and then the next bullmarket could we 219 00:11:58.799 --> 00:12:02.000 see thirty trillion right or twenty five trillion or something 220 00:12:02.080 --> 00:12:04.240 like that. It's going to continue to grow, just like 221 00:12:04.320 --> 00:12:08.000 other asset classes. So it's going to be very interesting 222 00:12:08.039 --> 00:12:10.639 to see how this all plays out, and in addition, 223 00:12:10.679 --> 00:12:16.440 you're seeing the convergence of many different technologies. You got Ai, robotics, blockchain, 224 00:12:16.799 --> 00:12:21.240 stable coins, crypto and so forth. So very very interesting times, folks. 225 00:12:22.320 --> 00:12:24.320 All right, folks, quick word from our sponsor, and that 226 00:12:24.440 --> 00:12:28.039 is Treasure. Treasure makes beautiful hardware wallets that make it 227 00:12:28.080 --> 00:12:31.120 easy for you to self custody your crypto assets. And 228 00:12:31.159 --> 00:12:33.440 I'm a user of the Treasure say five device. It's 229 00:12:33.480 --> 00:12:37.320 a great hardware wallet, very easy to use, and I'm 230 00:12:37.360 --> 00:12:39.200 a big believer in self custody. 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So self custody is 250 00:13:36.840 --> 00:13:38.919 the way folks to check out Treasure Link will be 251 00:13:39.080 --> 00:13:42.200 in the description now, folks, today we got some big 252 00:13:42.240 --> 00:13:46.120 statements some Senator Cynthia Lummis about the claritiac the Market 253 00:13:46.159 --> 00:13:49.320 Structure bill and when that could pass in the Senate. 254 00:13:49.679 --> 00:13:52.039 We heard from David Sachs about a month ago. The 255 00:13:52.039 --> 00:13:54.480 White House cryptos are saying that by the end of 256 00:13:54.480 --> 00:13:56.720 September they're going to go through the different votes, you know, 257 00:13:56.840 --> 00:14:00.200 to review the bill, to talk about it on the floor, know, 258 00:14:00.240 --> 00:14:03.559 the whole crazy process that they go through. And then 259 00:14:03.919 --> 00:14:06.120 I was saying that most likely this thing is going 260 00:14:06.200 --> 00:14:08.960 to pass in October, because government never moves on time. 261 00:14:09.279 --> 00:14:11.960 We saw where the Genius Act there was delays. Democrats 262 00:14:11.960 --> 00:14:14.080 will fight a bit, you know, the whole dog and 263 00:14:14.159 --> 00:14:17.360 pony show, right, but we know it's going to get done. Guys. 264 00:14:17.679 --> 00:14:20.639 The Genius Act pass and now the market structure is 265 00:14:21.240 --> 00:14:23.840 and center. Lum Is, speaking today at the SALT conference 266 00:14:23.879 --> 00:14:26.399 in Wyoming, gave some big statements. Let me play a 267 00:14:26.440 --> 00:14:27.159 clip for you. 268 00:14:27.279 --> 00:14:30.039 We go back to work in the Senate on September third. 269 00:14:31.159 --> 00:14:37.080 We are working market structure with the goal of having 270 00:14:37.120 --> 00:14:40.200 it out of committee, out of the Senate Banking Committee 271 00:14:40.200 --> 00:14:44.519 by the end of September, and then the Ag Committee, 272 00:14:44.559 --> 00:14:48.120 the Senate Ag Committee hopefully will work their part of it, 273 00:14:48.200 --> 00:14:52.080 the Commodity Futures Trading Commission part of market structure through 274 00:14:52.159 --> 00:14:57.480 the month of October, and we will have market structure 275 00:14:57.600 --> 00:15:00.440 to the President's desk before the end of the year. 276 00:15:00.519 --> 00:15:04.840 I hope it's before Thanksgiving. So that's that's our goal. 277 00:15:04.919 --> 00:15:06.879 So we will have market structure done this. 278 00:15:06.919 --> 00:15:07.879 Year and. 279 00:15:13.960 --> 00:15:16.120 So big statements there. She said, we will have it 280 00:15:16.200 --> 00:15:20.200 done this year and hopefully before Thanksgiving. So again, government, 281 00:15:20.360 --> 00:15:22.080 you know, they move slow. There's gonna be a lot 282 00:15:22.080 --> 00:15:25.639 of back and forth. So you know, again I've been 283 00:15:25.679 --> 00:15:27.960 saying I believe the blow off top is coming in 284 00:15:28.080 --> 00:15:30.279 Q four, and I think this is going to be 285 00:15:30.360 --> 00:15:32.879 one of those major pillars. It's going to be huge 286 00:15:32.879 --> 00:15:35.759 for the market and have a lot of euphoria behind it, 287 00:15:35.960 --> 00:15:38.799 a lot of retail, a lot of mainstream coverage, and 288 00:15:39.279 --> 00:15:41.200 that's where we're going to be looking to exit the 289 00:15:41.200 --> 00:15:44.399 market if you are planning to take profits. So big update. 290 00:15:44.639 --> 00:15:46.759 I'm going to try to get someone from the Senate 291 00:15:46.799 --> 00:15:50.039 on the podcast, maybe Tim Scott, if not centered a lummus, 292 00:15:50.039 --> 00:15:53.240 to talk about all these things. But it's gonna be exciting. 293 00:15:53.279 --> 00:15:55.679 It's going to be an exciting Q four guys. I'm 294 00:15:55.759 --> 00:15:58.879 really really looking forward to it and the market continuing 295 00:15:58.879 --> 00:16:02.600 to move. Now, look at this. The Winklevoss twins donate 296 00:16:02.679 --> 00:16:05.759 twenty one million dollars in bitcoin to a pro Trump 297 00:16:05.840 --> 00:16:09.759 pack ahead of US midterms. So they are of course 298 00:16:09.840 --> 00:16:13.200 the bitcoin billionaires. They were early investors, they founded the 299 00:16:13.559 --> 00:16:17.200 exchange Gemini, and they have made big donations to pro 300 00:16:17.279 --> 00:16:21.440 crypto candidates even in the recent election. So Cameron and 301 00:16:21.519 --> 00:16:25.240 Tyler Winklevoss, co founders at the cryptocurrency exchange Gemini, said 302 00:16:25.279 --> 00:16:27.960 they had sent more than twenty one million dollars worth 303 00:16:28.000 --> 00:16:31.879 of bitcoin to a political action Committee with the express 304 00:16:32.000 --> 00:16:35.399 intention of helping US President Donald Trump's crypto agenda with 305 00:16:35.600 --> 00:16:40.440 a Republican majority in Congress. In a Wednesday expose, Tyler 306 00:16:40.480 --> 00:16:43.399 Winklewass said they contributed more than one hundred and eighty 307 00:16:43.440 --> 00:16:46.720 eight bitcoin worth about twenty one million dollars at the 308 00:16:46.759 --> 00:16:50.200 time two d Digital Freedom Pack. According to the Gemini 309 00:16:50.240 --> 00:16:53.720 co founders, their goal with the contribution was to support 310 00:16:53.759 --> 00:16:57.720 President Trump and his administration efforts related to crypto policy 311 00:16:57.960 --> 00:17:01.440 by attempting to influence the twenty twenty six US midterm elections, 312 00:17:01.720 --> 00:17:05.400 support market structure legislation, and fight for other issues related 313 00:17:05.440 --> 00:17:09.039 to digital assets and blockchain. Here's a quote. The Digital 314 00:17:09.079 --> 00:17:13.440 Freedom Fund will work with similarly aligned pro crypto groups 315 00:17:13.720 --> 00:17:16.839 and look to identify and support other issues like the 316 00:17:17.079 --> 00:17:20.799 the Minimus tax exemption for bitcoin, with which grants tax 317 00:17:20.839 --> 00:17:23.880 free status to gains under a certain amount, and other 318 00:17:24.200 --> 00:17:28.119 crypto transactions that will unleash the potential of these technologies 319 00:17:28.240 --> 00:17:31.559 our industry in America said the Winklevosses and our private 320 00:17:31.599 --> 00:17:34.319 position will always be the same as our public position 321 00:17:34.400 --> 00:17:38.039 on these matters, so they are continuing to fight from 322 00:17:38.039 --> 00:17:41.039 a pro crypto standpoint. We'll see how the midterms go. 323 00:17:41.440 --> 00:17:42.759 I don't think there's going to be a lot of 324 00:17:43.279 --> 00:17:48.319 Democrat pushback on this issue. I think crypto has one right, 325 00:17:48.480 --> 00:17:51.480 Gary Ginster, Elizabeth Warren of being defeated. And there's a 326 00:17:51.559 --> 00:17:55.240 lot of pro crypto Democrats out there now, many who 327 00:17:55.359 --> 00:17:58.400 voted to get legislation through. So yes, you're going to 328 00:17:58.440 --> 00:18:01.279 have your detractors, but the main ones are out There 329 00:18:01.359 --> 00:18:06.319 was the guy in Ohio as well. His name escapes me, 330 00:18:06.400 --> 00:18:09.079 but he was like the general in the anti crypto army. 331 00:18:09.119 --> 00:18:11.480 He's gone, So I don't think there's going to be 332 00:18:11.559 --> 00:18:13.279 much of a fight, but I could be wrong. But 333 00:18:13.799 --> 00:18:16.839 the winklebost Wins are donating, getting ahead of it, trying 334 00:18:16.880 --> 00:18:20.759 to make sure that anybody who's anti crypto does not 335 00:18:20.960 --> 00:18:24.640 win in the midterms. So very interesting. Now look at 336 00:18:24.640 --> 00:18:28.480 this news. Nasnak to dalist the BnB treasury company Win 337 00:18:28.599 --> 00:18:33.079 Tree Therapeutics for non compliance. Now I share this news 338 00:18:33.160 --> 00:18:35.920 not because it has anything to do with BnB as 339 00:18:35.960 --> 00:18:39.359 a token, but rather, as I've been highlighting, there are 340 00:18:39.559 --> 00:18:43.359 risks to these digital asset treasury companies and that we 341 00:18:43.400 --> 00:18:46.000 could see a blow up come the bear market, so 342 00:18:46.039 --> 00:18:47.920 you got to be careful. I'm not saying all they're 343 00:18:47.920 --> 00:18:49.480 going to blow up. I'm not saying I want that 344 00:18:49.559 --> 00:18:52.079 to happen. I'm just saying, as a student of history 345 00:18:52.119 --> 00:18:55.319 and the financial markets, we've seen when too much leverage 346 00:18:55.440 --> 00:18:58.200 is used, and especially by a lot of parties, there's 347 00:18:58.240 --> 00:19:01.279 going to be some sort of blow up and liquidations. 348 00:19:01.319 --> 00:19:04.400 And not all of these companies are well run. I've 349 00:19:04.440 --> 00:19:06.640 made those statements right. You're going to have companies that 350 00:19:06.680 --> 00:19:10.039 are poorly run, their CEO makes bad decisions or whatever 351 00:19:10.039 --> 00:19:12.640 it may be, and you know things are not going 352 00:19:12.720 --> 00:19:15.960 to happen. But very interesting that the NASDAC here is 353 00:19:16.039 --> 00:19:19.640 delisting this company, and here's some details as to what 354 00:19:20.240 --> 00:19:23.640 may be the issue. The firm appears to have confirmed 355 00:19:23.640 --> 00:19:27.720 the exchange's concerns in a US Securities and Exchange Commission 356 00:19:27.759 --> 00:19:31.039 filing on Wednesday, which shows the firm is non compliant 357 00:19:31.039 --> 00:19:34.720 with NASDAQ listing Rule five five five zero a two 358 00:19:35.240 --> 00:19:38.759 that requires a company stop to maintain a minimum bid 359 00:19:38.880 --> 00:19:43.000 price of one dollar per share. So we'll see how 360 00:19:43.039 --> 00:19:45.039 this works out. But this is where we got to 361 00:19:45.079 --> 00:19:49.920 watch these digital asset treasury companies closely to see you know, 362 00:19:49.960 --> 00:19:52.359 which ones are making the right decision and which ones 363 00:19:52.440 --> 00:19:56.119 are not crack In and backed expand tokenized stocks to 364 00:19:56.200 --> 00:20:00.640 tren ecosystem amid RWA push. So many of these crypto 365 00:20:00.680 --> 00:20:04.960 exchanges are trying to tokenize stocks because they see where 366 00:20:04.960 --> 00:20:08.000 to Puck's heading right and that everything will be tokenized. 367 00:20:08.000 --> 00:20:11.960 So on Wednesday, cryptocurrency exchange cracking and tokenization platform back 368 00:20:12.000 --> 00:20:15.720 to Finance announce an expansion of x stocks, a tokenized 369 00:20:15.759 --> 00:20:19.359 stock product offering two detron blockchain. The move comes as 370 00:20:19.440 --> 00:20:24.279 real world asset tokenization, particularly within stocks, is taking hold, 371 00:20:24.799 --> 00:20:28.680 so according to the announcement, Backed will deploy these stocks 372 00:20:28.720 --> 00:20:32.759 as TRC twenty tokens. Previously cracking and backed launch x 373 00:20:32.759 --> 00:20:37.079 stocks on Solana and BnB chain, debuted in late June 374 00:20:37.160 --> 00:20:40.440 twenty twenty five. X stocks has had more than two 375 00:20:40.480 --> 00:20:45.400 point five billion dollars in combined decks and CeX volume, 376 00:20:45.480 --> 00:20:49.000 according to a crack In blog post. So the race 377 00:20:49.119 --> 00:20:52.319 is on here, folks, and competition is good for the 378 00:20:52.359 --> 00:20:54.559 consumer of course, so there's gonna be a lot of option. 379 00:20:54.680 --> 00:20:58.079 Coinbase is also looking to do the same thing. In addition, 380 00:20:58.200 --> 00:21:03.640 Cracking acquired capitalized AI as crypto companies by AI startups, 381 00:21:04.039 --> 00:21:08.000 so Kraken's acquisition will add natural language, trading, automation to 382 00:21:08.079 --> 00:21:12.000 its pro platform. As exchanges, miners, and analytics companies move 383 00:21:12.039 --> 00:21:15.240 aggressively into AI, so don't be surprised if you see 384 00:21:15.319 --> 00:21:21.000 AI features on crypto platforms and exchanges, even in wallets 385 00:21:21.279 --> 00:21:24.720 that will help make things easier, can walk you through 386 00:21:24.759 --> 00:21:27.720 the process. So I think it's a good idea for 387 00:21:27.799 --> 00:21:30.359 them to do this because AI can really help a 388 00:21:30.359 --> 00:21:32.079 lot of people who are new to crypto. It can 389 00:21:32.119 --> 00:21:36.079 help the crypto cures the people who still need handholding 390 00:21:36.240 --> 00:21:38.720 in the journey. So this is really great and it 391 00:21:38.759 --> 00:21:41.880 can help automate some more things and if you're looking 392 00:21:41.920 --> 00:21:44.920 to do some trading and whatever it may be, this 393 00:21:45.000 --> 00:21:47.720 is all good, great great news, So big news on 394 00:21:47.759 --> 00:21:51.839 this front. Now, speaking of exchanges, today I published my 395 00:21:51.960 --> 00:21:57.359 interview with Sean Agrowal of Coinbase. He's the chief business officer, 396 00:21:57.680 --> 00:22:00.519 and we talked about the JP Morgan and PNE bank 397 00:22:00.559 --> 00:22:04.200 partnership which we recently heard about. They both selected Coinbase 398 00:22:04.279 --> 00:22:07.480 to do crypto services like trading and much more. So 399 00:22:07.599 --> 00:22:10.200 check out at interview I published it this morning. Guys, 400 00:22:10.480 --> 00:22:12.880 great insight as to what these banks are doing and 401 00:22:13.240 --> 00:22:16.400