Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcast, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please sit that subscribe button as
Speaker 1: well as the thumbs up button and leave a common blow.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Folks,
Speaker 1: let's get into bitcoin because I know a lot of
Speaker 1: people are getting bored, frustrated. The emotions are starting to
Speaker 1: come out, and you know, I've been telling you guys,
Speaker 1: don't be emotional about markets because we're just going through
Speaker 1: the cyclical patterns. There has been no invalidation of the
Speaker 1: bull market. And while the current market conditions can eat
Speaker 1: away at your confidence or hope and things like that. Again,
Speaker 1: we don't want to invest with emotions, So we got
Speaker 1: to go to the data. And that's what I want
Speaker 1: to share with you guys. In addition to some crypto news. Now,
Speaker 1: I put a lot of this content out today in
Speaker 1: a newsletter on Substack. Make sure you're subscribed. It's one
Speaker 1: hundred percent free, and I break down a lot of
Speaker 1: these charts. If you want to slow down the pace
Speaker 1: and start looking through the data and the charts that
Speaker 1: I provide in a newsletter, you can certainly do that.
Speaker 1: So Bitcoin on the daily right now knocking at the
Speaker 1: door of the oversoul zone. It has not dropped a
Speaker 1: low thirty yet, so it seems like it wants to
Speaker 1: head there, and it's been kind of moving sideways a
Speaker 1: bit chopping before it dumps down. Now that would be
Speaker 1: healthy because what we've seen is a cyclical pattern of
Speaker 1: going to the overbought zone where the price rallies to
Speaker 1: a new high, then a big correction into the over
Speaker 1: sol zone, where we find support levels that don't invalidate
Speaker 1: the bull market, and then we bounce and keep going up.
Speaker 1: So same cyclical pattern is playing out here. But one
Speaker 1: thing I want to caution you all about is that
Speaker 1: on the weekly chart, the Bitcoin weekly chart, the mac
Speaker 1: D shows the bears are in control. It's in the red.
Speaker 1: So we may have another week, another two weeks of
Speaker 1: some downside and then finding the bottom and then start rallying.
Speaker 1: I do believe, as I've stated recently, that we're going
Speaker 1: to start rallying out of this hole come later in September,
Speaker 1: and the rally picks up in October because we've seen
Speaker 1: this seasonality. There are some big news items that are
Speaker 1: lined up like raycuts, the Clarity Act, which we'll talk
Speaker 1: a bit about today, and much more. So at this point,
Speaker 1: stay strong, expect volatilty, but we're still on track despite
Speaker 1: what's happening here. If you look at the Bitcoin monthly chart,
Speaker 1: everything again still on track. No invalidation, higher highs, higher lows.
Speaker 1: We are comfortably above the two hundred day moving average
Speaker 1: on the monthly Bulls are in control. You can see
Speaker 1: the green here mac d everything looks good. The RSI
Speaker 1: not in the over sold zone as far as how heated.
Speaker 1: It has been at the tops of previous bull markets,
Speaker 1: so that's a very good sign. We're nowhere near what
Speaker 1: we've seen in twenty seventeen or twenty twenty one, so
Speaker 1: we've come close, but we have not entered that green
Speaker 1: zone for the RSI on the monthly chart. So again
Speaker 1: one in en dowed Zoom out. Now. One of the
Speaker 1: things I've been highlighting to you guys is that gold
Speaker 1: has been a leading indicator in this bullmarket. If you
Speaker 1: look at the charts, it completely shows you that. Because
Speaker 1: we're in a macro bull market for all assets, all
Speaker 1: of it is following global liquidity. That's why real estate's
Speaker 1: hitting you all time highs, precious metals, cryptos, stocks and
Speaker 1: so forth. So gold has hit a new all time high.
Speaker 1: You look at the chart, it looks very very good. Now,
Speaker 1: I do believe a top is coming in for gold.
Speaker 1: It is currently in the overbought zone, so it's RSI
Speaker 1: is in that seventy and above zone. So get ready
Speaker 1: for possibly a sharp correction on gold maybe after a
Speaker 1: little bit of upside, and then we are going to
Speaker 1: see rotation among the assets. And even Matthew Siegel of
Speaker 1: van k highlighted the correlation between gold and bitcoin. So
Speaker 1: he says, here, every gold rally sparks the same pattern,
Speaker 1: bitcoin breaks out bigger. It's the macro rotation of liquidity. Now.
Speaker 1: I know these things may be new concepts to you guys,
Speaker 1: but I've been researching and studying these things for years
Speaker 1: and I'm happy to now share that education with you,
Speaker 1: right because we want to be educated, not emotional about
Speaker 1: the market. So again we're seeing the same pattern we've
Speaker 1: seen throughout this bullmarket, and gold as being the leading
Speaker 1: indicator for the bullmarket now as it relates to bitcoin.
Speaker 1: I shared some of these charts in the newsletter. But
Speaker 1: Bitcoin from an Elliott wave analysis standpoint, this is showing
Speaker 1: again downside in the short term, but we got upside
Speaker 1: to go, and this bullmarket blow off top happening within
Speaker 1: the next four to six months. Now we don't have
Speaker 1: a crystal ball because we've seen things like tariff crashes
Speaker 1: and much more slow us down push the timeline back.
Speaker 1: So as I've been telling you guys, this bull market
Speaker 1: could bleed into twenty twenty six, but we're gonna have
Speaker 1: to wait and see where the next rally starts and
Speaker 1: then adjust our thesis and our timelines. But an Elliot
Speaker 1: wave analysis shows that this downside here a wave two
Speaker 1: and then you have the big wave three move into
Speaker 1: Q four. So again patients is the key. And if
Speaker 1: you even do this for the total market cap, that
Speaker 1: is also showing the same pattern. So even the Fibonacci
Speaker 1: analysis but a total market cap shows we are nowhere
Speaker 1: near the four point two three six extension, which would
Speaker 1: put us a bit over ten trillion dollars, and I
Speaker 1: do believe the market can get there. If you think
Speaker 1: about stable coin liquidity, including stable coin liquidity, these assets
Speaker 1: all hitting new highs and you know, you have so
Speaker 1: much more happening now with institutional investors coming in, digital
Speaker 1: asset treasury companies buying the et apps and much more so,
Speaker 1: there's a lot of demand, there's a lot of buying.
Speaker 1: Despite what the price is doing right now, a lot
Speaker 1: of these treasury companies are buying ETPs, are buying I
Speaker 1: know some of you are gonna say, well, why isn't
Speaker 1: it moving the market? Well, this is where you got
Speaker 1: to have the education. A lot of these folks buy
Speaker 1: OTC over the counter, so they're not buying any open market.
Speaker 1: They go directly to exchanges or minors specifically for bitcoin,
Speaker 1: and they pay for the assets sometimes at a discounted rate,
Speaker 1: or if they are using the open market, they buy
Speaker 1: in very small increments. Michael Sailor has talked about this.
Speaker 1: They buy, for example, they use coinbase and they will
Speaker 1: buy very small increments over time, and you don't even know.
Speaker 1: It looks like every other transaction, but it's actually a
Speaker 1: series of purchases happening. So that's why you don't see
Speaker 1: the buying being reflected here. And if you understand how
Speaker 1: Wales and institutional investors operate, they want to take a position,
Speaker 1: not move the market, then go out and put a
Speaker 1: narrative on TV and move the market. Right. This is
Speaker 1: how it's played. This is what's done in the stock
Speaker 1: market and for other assets as well, folks, So you
Speaker 1: have to understand how the game is played. Now a
Speaker 1: big macro catalyst that a lot of people view as
Speaker 1: more of a psychological thing. It is not necessarily a
Speaker 1: fundamental issue, but more once again psychological for the retail
Speaker 1: and that is Raycuts. Now. One of the things I've
Speaker 1: been telling you guys, despite Jerome Powell getting pressure, people
Speaker 1: calling him names, the president, different people, and you know,
Speaker 1: the whole political dog and pony show, he's not gonna
Speaker 1: budge because he's looking at his legacy and what he's
Speaker 1: very much concerned about is, of course the labor market,
Speaker 1: but also the bond market. And that's what a lot
Speaker 1: of people won't tell you. But some very good signs
Speaker 1: here coming from the bond market. So the bond market
Speaker 1: is leaning towards raycuts. The two year treasury yield is
Speaker 1: drifting lower, signaling expectations that the Fed will keep easing.
Speaker 1: So this is very good and you know, I think
Speaker 1: they will continue to do their liquidity injections. They haven't
Speaker 1: done full on QI, but they've done pseudo QI, you know,
Speaker 1: draining the Treasury General account and much more so. The
Speaker 1: liquidity overall has been going up. You got global liquidity
Speaker 1: and hitting new highs and so forth, and I highlighted
Speaker 1: this in my newsletter. Global liquidity still shows the upside
Speaker 1: move here for bitcoin and crypto assets. Question is are
Speaker 1: we going to see a breakout to new highs come November,
Speaker 1: because right now it shows that top being in late
Speaker 1: September bid into October, so it looks like it's on
Speaker 1: the rise here, but we need confirmation. So as time progresses,
Speaker 1: we're going to see the data roll in. And if
Speaker 1: you do look at the M two charts for the
Speaker 1: US and China and other countries, it's all on the rise.
Speaker 1: So folks, risk assets are of course adjusted accordingly based
Speaker 1: on global liquidity. All right, moving ahead, Michael Sailor strategy
Speaker 1: will not be included in the S and P five hundred.
Speaker 1: The other day I told you guys that potentially they
Speaker 1: could be. But what's interesting, Robin Hood got put into
Speaker 1: the S and P five hundred, and we know they
Speaker 1: have gone full on crypto. I recently interviewed the CEO
Speaker 1: of lad Tenev. If you haven't seen that, check it out.
Speaker 1: They know the future of running on blockchain rails, so
Speaker 1: they're tokenizing assets. They're doing a lot and many of
Speaker 1: these companies that are doing crypto initiatives and offer services
Speaker 1: are getting a lot of spotlight and are growing. So
Speaker 1: this is very very good folks. Quick word from our sponsor,
Speaker 1: and that is Propy. Propy is leading to charge with
Speaker 1: putting real estate on chain. You can buy and sell
Speaker 1: your house on Propy and you can receive crypto for it.
Speaker 1: So if you want to sell your house for bitcoin
Speaker 1: or xrpi e theorem, you can do that. And Propy's
Speaker 1: platform is blockchain power, so the contracts and all these
Speaker 1: things are done on chain, which is pretty amazing. Propy
Speaker 1: has been around since twenty seventeen. They've facilitated over four
Speaker 1: billion dollars in transactions and they're a licensed Web three pioneer.
Speaker 1: They have put deeds on chain, They've created NFTs for
Speaker 1: properties and for the buying and selling and the scrow service.
Speaker 1: They use Coinbase, so they are partnered with some very
Speaker 1: trusted institutions. So I am a Propy token holder. I
Speaker 1: have been since twenty eighteen. I recognize what they were
Speaker 1: doing since twenty eighteen, and I'm like, look, I see
Speaker 1: the future being on blockchain, and real estate is the
Speaker 1: world's largest asset class, and guys, we know it's going
Speaker 1: to get tokenized. We know what's coming. It's starting with
Speaker 1: stocks right now, it's starting with gold. But you know
Speaker 1: they're going to disrupt the whole real estate industry with blockchain,
Speaker 1: tokenizing certain buildings and doing much more. And propies leading
Speaker 1: the charge, folks. So if you'd like to learn more
Speaker 1: about propygo to propy dot com. Link will be in
Speaker 1: the description. Now, we have some very big updates around
Speaker 1: the SEC and the CFTC. They continue to ramp up
Speaker 1: efforts to provide clarity for the market. Just recently, we've
Speaker 1: been seeing a lot of clarity coming from the SEC
Speaker 1: as well as the CFTC. They both got their crypto initiatives.
Speaker 1: One is called Crypto Sprint, the other's Project Crypto. So
Speaker 1: things are moving in the right direction. So here we
Speaker 1: got an update that the SEC and CFDC are ramping
Speaker 1: up coordination to support crypto DeFi prediction markets, perpetual contracts,
Speaker 1: and margining. The two agencies are aiming to harmonize rules,
Speaker 1: reduce regulatory gaps, expand trading hours, and use innovation exemptions
Speaker 1: to keep the US markets competitive. A joint roundtable to
Speaker 1: be held on September twenty nine to discuss next steps. Folks,
Speaker 1: this is what we want to see because if these
Speaker 1: two agencies provide the clarity that's needed, it will usher
Speaker 1: in tons of capital because many of these institutions and
Speaker 1: big financial players some who still can't touch this acid class,
Speaker 1: especially that the Clarity Act is not passed yet. You know,
Speaker 1: they need to make sure the SEC and CFDC are
Speaker 1: on board because they're lawyers. Their attorneys are going to say, hey,
Speaker 1: too risky. We need confirmation we needed in writing. It
Speaker 1: can be that Okay, President Trump is pro crypto. No,
Speaker 1: we need the agencies to also have this all out there,
Speaker 1: the clarity in there, because they're not going to take
Speaker 1: the risk. I've heard this many times from many institutional
Speaker 1: players and people who work with those institutional players. So
Speaker 1: great to see this happening, and again it will usher
Speaker 1: in more capital, which will drive the prices of the
Speaker 1: assets higher. In addition, the SEC is not playing around.
Speaker 1: They've announced the formation of a cross border Task Force
Speaker 1: to combat fraud. This is great. You know, one of
Speaker 1: the things I've been telling you guys about is I
Speaker 1: believe in the free market. I don't believe mean coin
Speaker 1: should be banned. And I'm just using this as an example,
Speaker 1: but you need to have guardrails. We can't have pump
Speaker 1: and dumps. And this article talks about a lot about
Speaker 1: pump and dump and ramp and dump schemes. So they're
Speaker 1: gonna start going after those people who are taking advantage
Speaker 1: of these platforms and not doing the right things. So
Speaker 1: if you are doing these bad activities trying to rug
Speaker 1: pull people, you better watch out. And guess what, it's
Speaker 1: not just us. They will go after you across the border.
Speaker 1: So that's a cross border task force, right, So if
Speaker 1: you're doing it from another country and you're affecting US users,
Speaker 1: get ready, man, you're gonna have You're gonna be in trouble.
Speaker 1: You know, they're going to coordinate with the other agencies,
Speaker 1: regulatory agencies around the world, and you know, with all
Speaker 1: these countries now moving to some sort of standard with
Speaker 1: crypto legislation and everybody plugging into the blockchains and so forth,
Speaker 1: it's going to be easy. It's going to be easy.
Speaker 1: So this is very good, folks. I've been waiting to
Speaker 1: hear about something like this where these agencies can go
Speaker 1: after these pump and dumpers and rug pullers and much more. Now, folks,
Speaker 1: some very good signs around the Clarity Act, the Crypto
Speaker 1: Market Structure bill. We know David Sachs White House Cryptos
Speaker 1: are said that they're expecting in late September to start
Speaker 1: the process. Now it's an annoying process, right. You've got
Speaker 1: to vote for the bill to be even considered on
Speaker 1: the floor, then you have to vote to have it
Speaker 1: moved to be reviewed. It's all these bells and whistles.
Speaker 1: But you know, we saw this with the Genius Act.
Speaker 1: But what you want to see is progress with the
Speaker 1: draft and that the details are updated based on the
Speaker 1: feedback of the industry, so that you have a quality
Speaker 1: bill that reflects what the industry wants, that protects users,
Speaker 1: provides or opens up innovation, and is ready to hit
Speaker 1: the Senate floor. So Eleanor Tarrett reported that the Senate
Speaker 1: Banking Committee's latest Market Structure draft reflects stakeholder and lobbyist feedback.
Speaker 1: Here are some standouts from the texts and ciliary assets.
Speaker 1: This section aims to provide that staking and air drops
Speaker 1: are not securities, as well as providing the SEC enforcement
Speaker 1: actions and private lawsuits cannot be brought against existing tokens
Speaker 1: issued before the date of enactment, providing they are not fraudulent.
Speaker 1: It also touches on deepen I'm not going to read
Speaker 1: through everything. It also talks about protecting software developers, self
Speaker 1: custody protections, and much more. So very positive sign folks.
Speaker 1: This makes me very bullish. Things are moving ahead. We're
Speaker 1: seeing progress right, even though it may not go as
Speaker 1: fast as we want. But remember this is an alignment
Speaker 1: with a huge narrative that could bring us the blame
Speaker 1: off top that once this starts passing in the Senate
Speaker 1: and much more, all coin ETPs get approved by the SEC.
Speaker 1: Because the deadlines in October, We're setting up for a
Speaker 1: massive parabolic move so that these things are going to
Speaker 1: drive the narrative. So very bullish now, folks. Recently I
Speaker 1: told you all about Crypto dot Com partner with Trump Media.
Speaker 1: Well apparently Trump Media closed the deal to buy the
Speaker 1: six hundred and forty million in cro tokens. Now, guys,
Speaker 1: one thing I am concerned about is all these things
Speaker 1: happening with Trump and his company and his family involved
Speaker 1: with crypto, and people are saying he's making tons of money.
Speaker 1: You know, a lot of Democrats are not going to
Speaker 1: like that, right, and even if you're not Democratic, a
Speaker 1: lot of independent people don't like it as well. And
Speaker 1: don't get me wrong, some Republicans as well. So I
Speaker 1: don't want this to seem like, you know, it's just
Speaker 1: the Republican versus Democrat thing, but a lot of Democrats
Speaker 1: in the game of politics, they're going to try to
Speaker 1: use this to potentially block that market structure. I hope
Speaker 1: it doesn't happen. And you know, all these things happening
Speaker 1: with Trump's meme coin and we're a liberty financial it's
Speaker 1: it's a bit too much. I would I wish the
Speaker 1: Trump family if they wanted to involve be involved in crypto,
Speaker 1: they would uh wait for the bill to pass before
Speaker 1: they do this stuff. But we can't control that. But nevertheless,
Speaker 1: they're partnering with crypto dot Com. They're purchasing the cro token.
Speaker 1: So if you are a CRO token holder, this is
Speaker 1: very good. I personally don't hold a token, and I
Speaker 1: think it could do well, you know, based on the exposure,
Speaker 1: the distribution is going to get here and uh, you know,
Speaker 1: probably a lot of Trump fans are going to invest
Speaker 1: in this now moving ahead. Uh, Brazil's largest asset manager,
Speaker 1: and I hope it down Butcher, This LAO asset forms
Speaker 1: uh dedicated crypto units. So it's LOO assets. I know
Speaker 1: it's again. I may not be pronouncing it right, but
Speaker 1: I often tell you guys, crypto is a global asset
Speaker 1: class and we are seeing development movement investment across the globe.
Speaker 1: So LAO Asset Management, Brazil's largest private asset manager, has
Speaker 1: created a dedicated cryptodivision and appointed former Hashtags executive HUAW
Speaker 1: Marco Braga the TUNA to lead the unit. The new unit.
Speaker 1: The unit builds on the company's existing crypto products, including
Speaker 1: the bank's Bitcoin exchange traded fund and a retirement fund
Speaker 1: offering exposure to digital assets. The company has or they
Speaker 1: manage one trillion rayas, which is one hundred and eighty
Speaker 1: five million dollars in assets for its clients. Here's a quote.
Speaker 1: The crypto asset segment has unique characteristics for generating alpha.
Speaker 1: It's a relatively new market that creates major opportunities due
Speaker 1: to its volatility folks. Again, I often say this, do
Speaker 1: you see what's happening? There is a global race, and
Speaker 1: you still have people out there who think this is
Speaker 1: a scam because they haven't taken the next step to
Speaker 1: educate themselves. They just see the speculation market, but they
Speaker 1: don't see the technology and the disruption and the utility
Speaker 1: of all this and this being that next layer on
Speaker 1: top of the Internet. So it's going to change the
Speaker 1: way we do commerce and interact with each other and
Speaker 1: trust each other in much more. But very bullish, I mean, incredible,
Speaker 1: incredible news here. Now look at this. NASDAK approves soul
Speaker 1: Strategies listing for next week. So it looks like this
Speaker 1: is a digital acid treasury company focused on Solana of course,
Speaker 1: so Canadian blockchain companies. Soul Strategies is set to debut
Speaker 1: on NASDAC next week after securing approval to list it shares.
Speaker 1: In a Friday notice, Soul Strategies said it would begin
Speaker 1: listing common shares on the NASDAK Global Select Market starting
Speaker 1: on September ninth, under the ticker symbol st KE. The
Speaker 1: listing will end of the company's shares training on the
Speaker 1: over the counter venture market q or OTCQB while maintaining
Speaker 1: training activity on the Canadian Securities Exchange. So, folks, the
Speaker 1: expansion continues, right, companies going public getting publicly listed on
Speaker 1: stock exchanges around the globe, obviously more so in the
Speaker 1: United States because there was a huge block over the
Speaker 1: past four years under Elizabeth Warren and Gary Genser. But
Speaker 1: now the floodgates are open and a lot of folks
Speaker 1: are going live on stock exchanges. Pretty incredible stuff now
Speaker 1: moving ahead, stable cooin x expands financing to eight hundred
Speaker 1: and ninety million dollars for Athena's e NA treasury. So
Speaker 1: stable coin x and tlgy acquisition have secured an additional
Speaker 1: five and thirty million dollars in financing to buy digital assets,
Speaker 1: bringing total commitments to eight hundred and ninety million dollars
Speaker 1: ahead of a plan merger and Nasdaq listing. Folks, look
Speaker 1: at the capital that is sloshing through this asset class
Speaker 1: in industry. People are bullish. They see the long term potential.
Speaker 1: And now that doesn't mean everything's going to be a winner,
Speaker 1: but clearly these are signs of maturation and growth. We
Speaker 1: saw this in the dot com boom, so this is
Speaker 1: where you do have to be careful, of course, do
Speaker 1: your research, what are quality token projects, companies and much more.
Speaker 1: Be smart, right, Not just because a company got money
Speaker 1: means they're good or they're going to be properly run.
Speaker 1: You know, management and having a proper CEO and people
Speaker 1: making right decisions is important. So but but you know,
Speaker 1: from a macro perspective, these are all healthy signs. So
Speaker 1: the combined company, to be renamed stable coin x, Incorporated,
Speaker 1: is set to hold more than three billion e NA,
Speaker 1: the native token of the Athena protocol. According to the company,
Speaker 1: it will be the first dedicated treasury business for the
Speaker 1: Athena ecosystem, which issues the USDE and usd TB stable coin. Now.
Speaker 1: I don't know much about the Athena protocol or blockchain
Speaker 1: and some of these stable coins, but man, that's a
Speaker 1: lot of capital. They're going to get publicly listed, and
Speaker 1: again you want to be smart and see who's backing
Speaker 1: them and so forth. It looks like some big names
Speaker 1: Brevin Howard, Parafy, Capital, Han Ventures, Dragonflies, so a lot
Speaker 1: of big names here. So, folks, things are heating up.
Speaker 1: I know the prices don't reflect that right now, but again,
Speaker 1: don't be emotional, look at the data, look at the charts.
Speaker 1: The analysis I shared with you guys on this podcast
Speaker 1: as well as in my newsletter, so make sure you
Speaker 1: go subscribe to that newsletter. It's one hundred percent free, folks.
Speaker 1: Check it out. Link will being a description and it
Speaker 1: has a lot of once again, the data points that
Speaker 1: I'm highlighting here, and it's a great way to educate
Speaker 1: yourself and get familiar with these things right start looking
Speaker 1: food them, notice the pattern recognition and all these things
Speaker 1: that are taking place. Folks. Also, check out my book
Speaker 1: on Amazon. It's available in paperback in digital. And check
Speaker 1: out my course at my Crypto course dot com. This
Speaker 1: is a comprehensive course that teaches you every aspect of crypto.
Speaker 1: So if you'd like to learn more, go to Mycrypto
Speaker 1: course dot com. All the links of being a description.
Speaker 1: Thank you so much for watching and listening. I appreciate
Speaker 1: you all and I'll talk to you all later.