WEBVTT

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<v Speaker 1>XRP passes two dollars as it continues its parabolic pump,

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<v Speaker 1>and it even surpassed Solana on the market. Capitalist is

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<v Speaker 1>the theorem next? And will we see a one hundred

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<v Speaker 1>thousand dollars bitcoin this coming week? As we have the

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<v Speaker 1>post things giving retail fomo, I'll share the details with you.

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<v Speaker 1>Let's get into it. Hey, everybody, welcome into the Thinking

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<v Speaker 1>Crypto podcast. You're home for cryptocurrency news and interviews. I'm

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<v Speaker 1>your host, Tony Edward. On your way in, Please sit

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<v Speaker 1>that subscribe button as well as the thumbs up button

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<v Speaker 1>and leave a comment below. If you're listening on a

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<v Speaker 1>podcast platform such as Spotify or Apple, please leave a

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<v Speaker 1>five star rating and review. Folks. It's great to be back.

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<v Speaker 1>I took some time off for Thanksgiving, traveled a bit

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<v Speaker 1>with the family, had some great times with the family,

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<v Speaker 1>and I hope you're all doing well. And of course, guys,

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<v Speaker 1>I was asked a lot of questions about crypto while

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<v Speaker 1>I was with my family because the markets have been pumping.

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<v Speaker 1>We know this is something that happens, and the retail

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<v Speaker 1>fomo kicks in, so I want to talk about what

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<v Speaker 1>we could see this week. Coins like XRP are ripping

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<v Speaker 1>and much more. Let's set the table with bitcoin, because

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<v Speaker 1>Bitcoin is the driver of the market right now, Bitcoin

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<v Speaker 1>cooling off, consolidating a BIB, and we're seeing the rotational

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<v Speaker 1>liquidity into XRP and all their all coins. Right, we've

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<v Speaker 1>talked a lot about this. This thing moves in cycles,

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<v Speaker 1>and this will happen multiple times as we head towards

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<v Speaker 1>the blow off top. Now there will be the epic

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<v Speaker 1>all season that we see at the end of the

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<v Speaker 1>cycles when Bitcoin hits it's all time high and that's

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<v Speaker 1>it for bitcoin, right, So we have to pay attention

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<v Speaker 1>to the charts and we have to make sure we're

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<v Speaker 1>following what's happening here because guys, we are in the

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<v Speaker 1>final phase, the fifth wave, as many would call it,

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<v Speaker 1>and this is not the time to look away from

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<v Speaker 1>the market. You must pay attention. This is the time

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<v Speaker 1>smart money is looking to exit and a lot of

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<v Speaker 1>institutional investors are actually taking profits on bitcoin and they

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<v Speaker 1>will do that in phases, and even long term holders

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<v Speaker 1>are doing that. The on chain metrics show that. So

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<v Speaker 1>this is the time to pay attention. Dumb money comes

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<v Speaker 1>in now, right, they see the poems and they started

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<v Speaker 1>jumping in, and it's of course the wrong time for them,

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<v Speaker 1>and many of them don't understand there's going to be

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<v Speaker 1>a blow up top. They think it's just going to

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<v Speaker 1>keep going up. So this is why we want to

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<v Speaker 1>be educated. We want to know what's happening in the

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<v Speaker 1>macro with the charts, what are the indicators in different

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<v Speaker 1>signals telling us, and use the data to make informed decisions.

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<v Speaker 1>So Bitcoin futures already broke one hundred thousand dollars guys,

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<v Speaker 1>indicating that many folks are anticipating one hundred thousand dollars

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<v Speaker 1>very soon. So I think there's a high probability of

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<v Speaker 1>one hundred thousand dollars happening this week as we have

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<v Speaker 1>the post Thanksgiving a retail fomo and we had just

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<v Speaker 1>touched ninety nine thousand, five hundred, So we are so close.

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<v Speaker 1>We're knocking at the door. And if it's not this week,

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<v Speaker 1>it could probably be within the following week. So from

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<v Speaker 1>a macro perspective, we're seeing that four year cycle play out.

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<v Speaker 1>You know, historically people used to think it was the having,

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<v Speaker 1>but it's actually global liquidity which runs in tune with

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<v Speaker 1>the governments and the election cycle. Because the incumbents usually

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<v Speaker 1>print money to make the markets look as best as

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<v Speaker 1>possible because they want to get re elected. And this

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<v Speaker 1>is what we've been tracking. All assets are moving with

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<v Speaker 1>global liquidity, guys. And it's not just the FEDS M

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<v Speaker 1>two money supply, but it's China and all the big countries,

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<v Speaker 1>and we know they're going to continue to print money.

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<v Speaker 1>This is the system. We live in, the Fiat system,

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<v Speaker 1>and that's going to drive asset prices higher. So Crypto

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<v Speaker 1>Wizard a great analyst who's been doing some great calls

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<v Speaker 1>on XRP. Actually he's calling for one hundred and twenty

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<v Speaker 1>thousand dollars as the next big target, So that could

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<v Speaker 1>literally happen in December this month. So be prepared, guys.

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<v Speaker 1>Once again, this is not the time to ignore the market.

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<v Speaker 1>This is the time to keep your eyes peeled on

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<v Speaker 1>the charts. So be prepared. Have a cash out plan.

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<v Speaker 1>You know, I personally, in full transparency, I'm up significantly

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<v Speaker 1>in my portfolio of more money than I've ever seen

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<v Speaker 1>in my life and I've ever made in this market,

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<v Speaker 1>and I plan to continue to ride these cycles. But

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<v Speaker 1>this is why you have to have a plan, because

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<v Speaker 1>until you actually cash out it's fugezy, it's unrealized gains. Right,

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<v Speaker 1>you haven't actually liquidated the asset to get FIAT. And

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<v Speaker 1>I've told you guys, my plan is to take some

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<v Speaker 1>of that FIAT and reinvest it in the bloody bear market,

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<v Speaker 1>take some of it and pay off debt, take some

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<v Speaker 1>of it and spend and also add some to my

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<v Speaker 1>retirement nest egg, so to speak. And that's my plan.

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<v Speaker 1>You know, you don't have to follow my plan, but

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<v Speaker 1>make sure you have some sort of plan because everyone's

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<v Speaker 1>financial scenario is different. But you got to have a plan.

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<v Speaker 1>You got to know what you're doing here, folks, because

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<v Speaker 1>this bull market it's not going to last forever. It's

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<v Speaker 1>going to come and go and then you got to

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<v Speaker 1>wait another four years based on the cycles and so forth.

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<v Speaker 1>So be prepared. Now, different indicators like the Bitcoin PI

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<v Speaker 1>cycle top indicator are not flashing that the top is in.

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<v Speaker 1>We got some ways to go, but you know this

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<v Speaker 1>could easily change over the next two to three months,

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<v Speaker 1>so be prepared. Bitcoin whales will it's containing ten or more.

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<v Speaker 1>Bitcoin continues to increase, and we also have the bitcoin

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<v Speaker 1>supply and exchanges continues to decrease. It means there's less

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<v Speaker 1>sell pressure here, so very good sign. And things are

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<v Speaker 1>going to continue to get pretty crazy and heat up.

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<v Speaker 1>So expect parabolic moves and media frenzy and everybody calling you.

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<v Speaker 1>If you've been in crypto for a while, you know

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<v Speaker 1>I'm already getting those texts and calls. And you're going

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<v Speaker 1>to see ridiculous price points. People are going to make

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<v Speaker 1>the craziest price points for bitcoin, XRP and so forth.

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<v Speaker 1>Be careful look at the charts, Use Fibonacci, use Elliott wave,

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<v Speaker 1>so that you're not getting fooled by people who don't

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<v Speaker 1>know what they're saying and they're just calling out random

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<v Speaker 1>price points. I've been on record that, for example, with XRP,

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<v Speaker 1>which is currently sitting at two dollars and seventeen cents,

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<v Speaker 1>I expect it to go between five to seven bucks

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<v Speaker 1>and seven bucks is you know, above the three point

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<v Speaker 1>six one eight. But we'll have to wait and see

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<v Speaker 1>how things play out. Right now, it's moving very strong.

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<v Speaker 1>It broke the all time high from twenty twenty one.

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<v Speaker 1>But we know that bullmarket was cut short because of

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<v Speaker 1>the lawsuit against Ripple. But if you're using the Fibonacci

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<v Speaker 1>model based on the twenty eighteen or twenty seventeen high.

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<v Speaker 1>It gives you higher prices, but I'm playing it off

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<v Speaker 1>the twenty twenty one to be conservative. It could go higher,

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<v Speaker 1>but I've already started to see people making ridiculous, stupid

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<v Speaker 1>price predictions like ten thousand dollars and stuff like that,

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<v Speaker 1>So be careful with that, guys. There's a whole bunch

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<v Speaker 1>of people who are not here in the bear market,

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<v Speaker 1>and they just come as taurtus in the bullmarket to

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<v Speaker 1>get views and clicks. So remember who was here in

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<v Speaker 1>the bear market, you know, telling you guys about the

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<v Speaker 1>charts and the fundamentals and much more so. XRP going nuts.

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<v Speaker 1>It actually surpassed Solana on the market capitalist so right

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<v Speaker 1>now it's in the number four, Solanas the number five,

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<v Speaker 1>and if you guys recall back in twenty eighteen ish

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<v Speaker 1>around that time or twenty nineteen, it had surpassed Ethereum

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<v Speaker 1>for the number two spot. In fact, Chris from MM

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<v Speaker 1>Cryptos said at seven dollars in seven twenty five cents,

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<v Speaker 1>XRP would flip eth. Now these things are going to fluctuate.

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<v Speaker 1>Eth is going to go on its own run. Its

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<v Speaker 1>chart is looking very bullish, with different analysts calling for

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<v Speaker 1>an eight breakout. So these things are going to fluctuate.

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<v Speaker 1>We'll see what happens as the market continues. But XRP

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<v Speaker 1>has a very strong narrative in this cycle, with ETFs

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<v Speaker 1>being filed obviously, with against her being out, Ripple winning

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<v Speaker 1>the lion's share of the lawsuit against the SEC, the

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<v Speaker 1>change in the SEC regime that's coming, and it could

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<v Speaker 1>mean that the Ripple lawsuit would wrap up. I think

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<v Speaker 1>the SEC would pretty much, you know, just accept the

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<v Speaker 1>whole settlement thing and they'll move on from there. But

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<v Speaker 1>XRP is moving. All the haters are crying right now.

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<v Speaker 1>There are a lot of people spreading fud for years.

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<v Speaker 1>But I'm glad I held. My portfolio is up significantly.

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<v Speaker 1>You know, I'm refreshing as this thing pumps and it's

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<v Speaker 1>looking really good. Guys, But remember you got to have

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<v Speaker 1>a profit taking plan. Crypto Wizard who you know, I

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<v Speaker 1>just talked about it earlier in the podcast. You know,

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<v Speaker 1>he's giving a major boll target of around four dollars

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<v Speaker 1>and fifty cents and an extreme bowl target of around

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<v Speaker 1>eight dollars, and that's his prediction. But you know, no

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<v Speaker 1>one can call the exact top. We have to look

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<v Speaker 1>at probabilities and form our thesis. And this is why

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<v Speaker 1>we ladder out with profit taking the same way we

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<v Speaker 1>dollar costs average in on the way down. We got

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<v Speaker 1>a dollar cost average out because you don't know when

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<v Speaker 1>this thing is going to wrap up, and there are

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<v Speaker 1>different factors that could end bull markets. And something big

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<v Speaker 1>that is around the corner for Ripple is that the

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<v Speaker 1>NYDFS has indicated to Ripple they're about to approve the

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<v Speaker 1>rl usz stable coin and it could launch on December fourth,

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<v Speaker 1>so this week. So big things happening here and this

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<v Speaker 1>will be really big for the XRP ledger. And in fact,

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<v Speaker 1>Ripple CEO Brad Garlinghouse apparently is going to be on

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<v Speaker 1>sixty Minutes tonight, so that that would be an interesting interview.

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<v Speaker 1>We'll see what he says. And that's a really big

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<v Speaker 1>platform where it's going to reach a lot of retail folks.

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<v Speaker 1>So folks like I said, really qui he will rotate.

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<v Speaker 1>I think pay attention to ETH. It's about to break

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<v Speaker 1>out here wrecked Capitals. That ETH is on the cusp

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<v Speaker 1>of a bullish weekly closed. Ralph Palell Macro Investors shared

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<v Speaker 1>a great chart showing a bullflag forming here where Eith

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<v Speaker 1>could easily break out, probably hitting five thousand very easily.

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<v Speaker 1>And then I think, guys, ten thousand is in the cards.

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<v Speaker 1>I could be wrong, but I think there's a strong

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<v Speaker 1>probability of that playing out, so be prepared. Rotation of

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<v Speaker 1>liquidity will take place, Guys. A great place you can

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<v Speaker 1>buy all coins like xrp Ethereum, and much more. Salona

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<v Speaker 1>if you want is on Uphold. Uphold has three hundred

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<v Speaker 1>plus cryptocurrencies. I've been using them since twenty eighteen. I've

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<v Speaker 1>interviewed the CEO, CFO and menu folks, so I trust

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<v Speaker 1>this platform. They are secure, They're reliable folks. They are

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<v Speaker 1>fully reserved, they don't commingle or lend out your crypto funds,

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<v Speaker 1>and you can review their transparency report. They have a

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<v Speaker 1>great app, and they also have a great feature called

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<v Speaker 1>US the Interest Accounts where you can park your crypto

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<v Speaker 1>profits or dry powder and earn four point sixty five

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<v Speaker 1>percent apy. There are no lockups, so you can pull

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<v Speaker 1>your money in and out at any time. There are

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<v Speaker 1>no monthly fees, and it is FDIC insured just like

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<v Speaker 1>a bank. So if you'd like to learn more about

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<v Speaker 1>Uphold check out the link in the description. Now, guys,

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<v Speaker 1>check this out. You all know about Jim Kramer and

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<v Speaker 1>inverse Kramer. Well, today he's posted something bearish. He says,

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<v Speaker 1>raring to go. I guess raring to go, rearing to go?

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<v Speaker 1>But are we ever overbought? So he said essentially saying

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<v Speaker 1>the markets are overbought. So you always do the inverse

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<v Speaker 1>of Kramer. This is bullish, So you got to use

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<v Speaker 1>this as a signal. Guys, Now it's not the only signal.

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<v Speaker 1>We look at different metrics and so forth, but we

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<v Speaker 1>know Kramer has that mainstream visibility with his TV show,

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<v Speaker 1>on Twitter and so forth, and what we've seen and

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<v Speaker 1>this is fact. When the man is bullish, that's the

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<v Speaker 1>time to be worried because that means the market's going

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<v Speaker 1>to pull back. He did it the other day. Hold

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<v Speaker 1>a bitcoin, right, he said I'm bullish on bitcoin, and

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<v Speaker 1>then bitcoin pullback. And then now he's saying, oh, we're overbought,

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<v Speaker 1>so expect the stock market and crypto rally. Guys, you

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<v Speaker 1>can't make this up. Just go you look at all

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<v Speaker 1>his tweets. I've inverse traded him many times. I remember

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<v Speaker 1>doing it on PayPal, I did it on a warby

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<v Speaker 1>Parker's stock and much more. I mean, and I made

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<v Speaker 1>money just inversing this, dude. It's ridiculous. Now, guys, I

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<v Speaker 1>want to share something that Donald Trump tweeted out, and

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<v Speaker 1>it had to do with the bricks countries. As you

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<v Speaker 1>guys know, many of them are looking to move away

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<v Speaker 1>from the US dollar, and he's saying, look, he's gonna,

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<v Speaker 1>you know, hit them with tariffs and much more. But

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<v Speaker 1>the point is, though, the conversation around currencies coming up,

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<v Speaker 1>and you know what that means stable coins? Right, A

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<v Speaker 1>big part of the US being able to maintain the

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<v Speaker 1>world reserve currency status is that it needs to embrace

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<v Speaker 1>stable coins that are US dollar back, and they need

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<v Speaker 1>to pass crypto legislation. And in addition, for me, that

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<v Speaker 1>Bitcoin Strategic Reserve definitely makes sense. So I'll read a

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<v Speaker 1>little bit about what he said here just so you

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<v Speaker 1>have some context. He says, the idea that bricks countries

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<v Speaker 1>are trying to move away from the dollar while we

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<v Speaker 1>stand by and watch is over. We require a commitment

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<v Speaker 1>from these countries that will neither create a new bricks

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<v Speaker 1>currency nor back any other currency to replace the mighty

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<v Speaker 1>US dollar, or they will face one hundred percent tariffs

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<v Speaker 1>and should expect to say goodbye to selling into the

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<v Speaker 1>wonderful US economy. They can go find another sucker. There

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<v Speaker 1>is no chance that the bricks will replace the US

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<v Speaker 1>dollar in international trade. In any country that tries would

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<v Speaker 1>wave goodbye to America. Now, a great way to in

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<v Speaker 1>addition to tariffs is to have the stable coins right.

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<v Speaker 1>Make it easy for people to transact in US dollar

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<v Speaker 1>stable coins, especially that many people around the world want

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<v Speaker 1>the dollar because it's a world reserve currency obviously has

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<v Speaker 1>that power behind it, right, they don't want their local currency.

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<v Speaker 1>So you're able to get these US dollar back stable

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<v Speaker 1>coins regulated, so like companies like Circle, PayPal, Ripple, and

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<v Speaker 1>so forth can go inject those respective currencies into different markets.

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<v Speaker 1>It helps the US dollar. Now, of course, the legislation

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<v Speaker 1>needs to make sure that the people issuing the stable

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<v Speaker 1>coins are doing the right things. They have the reserves

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<v Speaker 1>and so for they're not doing bad things right, So

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<v Speaker 1>we need to get stable coin legislation and crypto legislation

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<v Speaker 1>passed in the United States. Now, of course, we want

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<v Speaker 1>to make sure that legislation is balanced. It's not draconian,

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<v Speaker 1>it's not stifling innovation, but it's it's balanced, it's protecting

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<v Speaker 1>consumers and it's allowing entrepreneurs and innovators to build. So

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<v Speaker 1>it's interesting. Narratives are being built here for all of

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<v Speaker 1>these things. Guys, it's fascinating to watch it play out.

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<v Speaker 1>Or if folks, that's the news, let me know what

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<v Speaker 1>you think. Leave your thoughts and comments below hit the

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<v Speaker 1>thumbs up button and guys, A great way you can

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<v Speaker 1>support me in the podcast is by subscribing to my

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<v Speaker 1>free email newsletter. It's one hundred percent free. It's on

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<v Speaker 1>substack link wi being a description. Also, grab a copy

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<v Speaker 1>of my book, Rethinking Crypto. It's available on Amazon and

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<v Speaker 1>paperback and digital. Buy a copy for yourself, Buy a

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<v Speaker 1>few copies for your friends and family, give it as

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<v Speaker 1>a gift this holiday. Help them to learn about crypto. Guys.

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<v Speaker 1>The book talks about crypto's past, present, and future, and

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<v Speaker 1>it provides investment tips what they should look out for

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<v Speaker 1>when they're entering this market. And we know that's important

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<v Speaker 1>because you can get wrecked and help them to be educated.

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<v Speaker 1>And if you bought a copy already, please leave a

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<v Speaker 1>rating and review. It will really help out my rankings.

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<v Speaker 1>Thank you guys. I appreciate you all, and I'll talk

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<v Speaker 1>to you all later