Speaker 1: XRP passes two dollars as it continues its parabolic pump,
Speaker 1: and it even surpassed Solana on the market. Capitalist is
Speaker 1: the theorem next? And will we see a one hundred
Speaker 1: thousand dollars bitcoin this coming week? As we have the
Speaker 1: post things giving retail fomo, I'll share the details with you.
Speaker 1: Let's get into it. Hey, everybody, welcome into the Thinking
Speaker 1: Crypto podcast. You're home for cryptocurrency news and interviews. I'm
Speaker 1: your host, Tony Edward. On your way in, Please sit
Speaker 1: that subscribe button as well as the thumbs up button
Speaker 1: and leave a comment below. If you're listening on a
Speaker 1: podcast platform such as Spotify or Apple, please leave a
Speaker 1: five star rating and review. Folks. It's great to be back.
Speaker 1: I took some time off for Thanksgiving, traveled a bit
Speaker 1: with the family, had some great times with the family,
Speaker 1: and I hope you're all doing well. And of course, guys,
Speaker 1: I was asked a lot of questions about crypto while
Speaker 1: I was with my family because the markets have been pumping.
Speaker 1: We know this is something that happens, and the retail
Speaker 1: fomo kicks in, so I want to talk about what
Speaker 1: we could see this week. Coins like XRP are ripping
Speaker 1: and much more. Let's set the table with bitcoin, because
Speaker 1: Bitcoin is the driver of the market right now, Bitcoin
Speaker 1: cooling off, consolidating a BIB, and we're seeing the rotational
Speaker 1: liquidity into XRP and all their all coins. Right, we've
Speaker 1: talked a lot about this. This thing moves in cycles,
Speaker 1: and this will happen multiple times as we head towards
Speaker 1: the blow off top. Now there will be the epic
Speaker 1: all season that we see at the end of the
Speaker 1: cycles when Bitcoin hits it's all time high and that's
Speaker 1: it for bitcoin, right, So we have to pay attention
Speaker 1: to the charts and we have to make sure we're
Speaker 1: following what's happening here because guys, we are in the
Speaker 1: final phase, the fifth wave, as many would call it,
Speaker 1: and this is not the time to look away from
Speaker 1: the market. You must pay attention. This is the time
Speaker 1: smart money is looking to exit and a lot of
Speaker 1: institutional investors are actually taking profits on bitcoin and they
Speaker 1: will do that in phases, and even long term holders
Speaker 1: are doing that. The on chain metrics show that. So
Speaker 1: this is the time to pay attention. Dumb money comes
Speaker 1: in now, right, they see the poems and they started
Speaker 1: jumping in, and it's of course the wrong time for them,
Speaker 1: and many of them don't understand there's going to be
Speaker 1: a blow up top. They think it's just going to
Speaker 1: keep going up. So this is why we want to
Speaker 1: be educated. We want to know what's happening in the
Speaker 1: macro with the charts, what are the indicators in different
Speaker 1: signals telling us, and use the data to make informed decisions.
Speaker 1: So Bitcoin futures already broke one hundred thousand dollars guys,
Speaker 1: indicating that many folks are anticipating one hundred thousand dollars
Speaker 1: very soon. So I think there's a high probability of
Speaker 1: one hundred thousand dollars happening this week as we have
Speaker 1: the post Thanksgiving a retail fomo and we had just
Speaker 1: touched ninety nine thousand, five hundred, So we are so close.
Speaker 1: We're knocking at the door. And if it's not this week,
Speaker 1: it could probably be within the following week. So from
Speaker 1: a macro perspective, we're seeing that four year cycle play out.
Speaker 1: You know, historically people used to think it was the having,
Speaker 1: but it's actually global liquidity which runs in tune with
Speaker 1: the governments and the election cycle. Because the incumbents usually
Speaker 1: print money to make the markets look as best as
Speaker 1: possible because they want to get re elected. And this
Speaker 1: is what we've been tracking. All assets are moving with
Speaker 1: global liquidity, guys. And it's not just the FEDS M
Speaker 1: two money supply, but it's China and all the big countries,
Speaker 1: and we know they're going to continue to print money.
Speaker 1: This is the system. We live in, the Fiat system,
Speaker 1: and that's going to drive asset prices higher. So Crypto
Speaker 1: Wizard a great analyst who's been doing some great calls
Speaker 1: on XRP. Actually he's calling for one hundred and twenty
Speaker 1: thousand dollars as the next big target, So that could
Speaker 1: literally happen in December this month. So be prepared, guys.
Speaker 1: Once again, this is not the time to ignore the market.
Speaker 1: This is the time to keep your eyes peeled on
Speaker 1: the charts. So be prepared. Have a cash out plan.
Speaker 1: You know, I personally, in full transparency, I'm up significantly
Speaker 1: in my portfolio of more money than I've ever seen
Speaker 1: in my life and I've ever made in this market,
Speaker 1: and I plan to continue to ride these cycles. But
Speaker 1: this is why you have to have a plan, because
Speaker 1: until you actually cash out it's fugezy, it's unrealized gains. Right,
Speaker 1: you haven't actually liquidated the asset to get FIAT. And
Speaker 1: I've told you guys, my plan is to take some
Speaker 1: of that FIAT and reinvest it in the bloody bear market,
Speaker 1: take some of it and pay off debt, take some
Speaker 1: of it and spend and also add some to my
Speaker 1: retirement nest egg, so to speak. And that's my plan.
Speaker 1: You know, you don't have to follow my plan, but
Speaker 1: make sure you have some sort of plan because everyone's
Speaker 1: financial scenario is different. But you got to have a plan.
Speaker 1: You got to know what you're doing here, folks, because
Speaker 1: this bull market it's not going to last forever. It's
Speaker 1: going to come and go and then you got to
Speaker 1: wait another four years based on the cycles and so forth.
Speaker 1: So be prepared. Now, different indicators like the Bitcoin PI
Speaker 1: cycle top indicator are not flashing that the top is in.
Speaker 1: We got some ways to go, but you know this
Speaker 1: could easily change over the next two to three months,
Speaker 1: so be prepared. Bitcoin whales will it's containing ten or more.
Speaker 1: Bitcoin continues to increase, and we also have the bitcoin
Speaker 1: supply and exchanges continues to decrease. It means there's less
Speaker 1: sell pressure here, so very good sign. And things are
Speaker 1: going to continue to get pretty crazy and heat up.
Speaker 1: So expect parabolic moves and media frenzy and everybody calling you.
Speaker 1: If you've been in crypto for a while, you know
Speaker 1: I'm already getting those texts and calls. And you're going
Speaker 1: to see ridiculous price points. People are going to make
Speaker 1: the craziest price points for bitcoin, XRP and so forth.
Speaker 1: Be careful look at the charts, Use Fibonacci, use Elliott wave,
Speaker 1: so that you're not getting fooled by people who don't
Speaker 1: know what they're saying and they're just calling out random
Speaker 1: price points. I've been on record that, for example, with XRP,
Speaker 1: which is currently sitting at two dollars and seventeen cents,
Speaker 1: I expect it to go between five to seven bucks
Speaker 1: and seven bucks is you know, above the three point
Speaker 1: six one eight. But we'll have to wait and see
Speaker 1: how things play out. Right now, it's moving very strong.
Speaker 1: It broke the all time high from twenty twenty one.
Speaker 1: But we know that bullmarket was cut short because of
Speaker 1: the lawsuit against Ripple. But if you're using the Fibonacci
Speaker 1: model based on the twenty eighteen or twenty seventeen high.
Speaker 1: It gives you higher prices, but I'm playing it off
Speaker 1: the twenty twenty one to be conservative. It could go higher,
Speaker 1: but I've already started to see people making ridiculous, stupid
Speaker 1: price predictions like ten thousand dollars and stuff like that,
Speaker 1: So be careful with that, guys. There's a whole bunch
Speaker 1: of people who are not here in the bear market,
Speaker 1: and they just come as taurtus in the bullmarket to
Speaker 1: get views and clicks. So remember who was here in
Speaker 1: the bear market, you know, telling you guys about the
Speaker 1: charts and the fundamentals and much more so. XRP going nuts.
Speaker 1: It actually surpassed Solana on the market capitalist so right
Speaker 1: now it's in the number four, Solanas the number five,
Speaker 1: and if you guys recall back in twenty eighteen ish
Speaker 1: around that time or twenty nineteen, it had surpassed Ethereum
Speaker 1: for the number two spot. In fact, Chris from MM
Speaker 1: Cryptos said at seven dollars in seven twenty five cents,
Speaker 1: XRP would flip eth. Now these things are going to fluctuate.
Speaker 1: Eth is going to go on its own run. Its
Speaker 1: chart is looking very bullish, with different analysts calling for
Speaker 1: an eight breakout. So these things are going to fluctuate.
Speaker 1: We'll see what happens as the market continues. But XRP
Speaker 1: has a very strong narrative in this cycle, with ETFs
Speaker 1: being filed obviously, with against her being out, Ripple winning
Speaker 1: the lion's share of the lawsuit against the SEC, the
Speaker 1: change in the SEC regime that's coming, and it could
Speaker 1: mean that the Ripple lawsuit would wrap up. I think
Speaker 1: the SEC would pretty much, you know, just accept the
Speaker 1: whole settlement thing and they'll move on from there. But
Speaker 1: XRP is moving. All the haters are crying right now.
Speaker 1: There are a lot of people spreading fud for years.
Speaker 1: But I'm glad I held. My portfolio is up significantly.
Speaker 1: You know, I'm refreshing as this thing pumps and it's
Speaker 1: looking really good. Guys, But remember you got to have
Speaker 1: a profit taking plan. Crypto Wizard who you know, I
Speaker 1: just talked about it earlier in the podcast. You know,
Speaker 1: he's giving a major boll target of around four dollars
Speaker 1: and fifty cents and an extreme bowl target of around
Speaker 1: eight dollars, and that's his prediction. But you know, no
Speaker 1: one can call the exact top. We have to look
Speaker 1: at probabilities and form our thesis. And this is why
Speaker 1: we ladder out with profit taking the same way we
Speaker 1: dollar costs average in on the way down. We got
Speaker 1: a dollar cost average out because you don't know when
Speaker 1: this thing is going to wrap up, and there are
Speaker 1: different factors that could end bull markets. And something big
Speaker 1: that is around the corner for Ripple is that the
Speaker 1: NYDFS has indicated to Ripple they're about to approve the
Speaker 1: rl usz stable coin and it could launch on December fourth,
Speaker 1: so this week. So big things happening here and this
Speaker 1: will be really big for the XRP ledger. And in fact,
Speaker 1: Ripple CEO Brad Garlinghouse apparently is going to be on
Speaker 1: sixty Minutes tonight, so that that would be an interesting interview.
Speaker 1: We'll see what he says. And that's a really big
Speaker 1: platform where it's going to reach a lot of retail folks.
Speaker 1: So folks like I said, really qui he will rotate.
Speaker 1: I think pay attention to ETH. It's about to break
Speaker 1: out here wrecked Capitals. That ETH is on the cusp
Speaker 1: of a bullish weekly closed. Ralph Palell Macro Investors shared
Speaker 1: a great chart showing a bullflag forming here where Eith
Speaker 1: could easily break out, probably hitting five thousand very easily.
Speaker 1: And then I think, guys, ten thousand is in the cards.
Speaker 1: I could be wrong, but I think there's a strong
Speaker 1: probability of that playing out, so be prepared. Rotation of
Speaker 1: liquidity will take place, Guys. A great place you can
Speaker 1: buy all coins like xrp Ethereum, and much more. Salona
Speaker 1: if you want is on Uphold. Uphold has three hundred
Speaker 1: plus cryptocurrencies. I've been using them since twenty eighteen. I've
Speaker 1: interviewed the CEO, CFO and menu folks, so I trust
Speaker 1: this platform. They are secure, They're reliable folks. They are
Speaker 1: fully reserved, they don't commingle or lend out your crypto funds,
Speaker 1: and you can review their transparency report. They have a
Speaker 1: great app, and they also have a great feature called
Speaker 1: US the Interest Accounts where you can park your crypto
Speaker 1: profits or dry powder and earn four point sixty five
Speaker 1: percent apy. There are no lockups, so you can pull
Speaker 1: your money in and out at any time. There are
Speaker 1: no monthly fees, and it is FDIC insured just like
Speaker 1: a bank. So if you'd like to learn more about
Speaker 1: Uphold check out the link in the description. Now, guys,
Speaker 1: check this out. You all know about Jim Kramer and
Speaker 1: inverse Kramer. Well, today he's posted something bearish. He says,
Speaker 1: raring to go. I guess raring to go, rearing to go?
Speaker 1: But are we ever overbought? So he said essentially saying
Speaker 1: the markets are overbought. So you always do the inverse
Speaker 1: of Kramer. This is bullish, So you got to use
Speaker 1: this as a signal. Guys, Now it's not the only signal.
Speaker 1: We look at different metrics and so forth, but we
Speaker 1: know Kramer has that mainstream visibility with his TV show,
Speaker 1: on Twitter and so forth, and what we've seen and
Speaker 1: this is fact. When the man is bullish, that's the
Speaker 1: time to be worried because that means the market's going
Speaker 1: to pull back. He did it the other day. Hold
Speaker 1: a bitcoin, right, he said I'm bullish on bitcoin, and
Speaker 1: then bitcoin pullback. And then now he's saying, oh, we're overbought,
Speaker 1: so expect the stock market and crypto rally. Guys, you
Speaker 1: can't make this up. Just go you look at all
Speaker 1: his tweets. I've inverse traded him many times. I remember
Speaker 1: doing it on PayPal, I did it on a warby
Speaker 1: Parker's stock and much more. I mean, and I made
Speaker 1: money just inversing this, dude. It's ridiculous. Now, guys, I
Speaker 1: want to share something that Donald Trump tweeted out, and
Speaker 1: it had to do with the bricks countries. As you
Speaker 1: guys know, many of them are looking to move away
Speaker 1: from the US dollar, and he's saying, look, he's gonna,
Speaker 1: you know, hit them with tariffs and much more. But
Speaker 1: the point is, though, the conversation around currencies coming up,
Speaker 1: and you know what that means stable coins? Right, A
Speaker 1: big part of the US being able to maintain the
Speaker 1: world reserve currency status is that it needs to embrace
Speaker 1: stable coins that are US dollar back, and they need
Speaker 1: to pass crypto legislation. And in addition, for me, that
Speaker 1: Bitcoin Strategic Reserve definitely makes sense. So I'll read a
Speaker 1: little bit about what he said here just so you
Speaker 1: have some context. He says, the idea that bricks countries
Speaker 1: are trying to move away from the dollar while we
Speaker 1: stand by and watch is over. We require a commitment
Speaker 1: from these countries that will neither create a new bricks
Speaker 1: currency nor back any other currency to replace the mighty
Speaker 1: US dollar, or they will face one hundred percent tariffs
Speaker 1: and should expect to say goodbye to selling into the
Speaker 1: wonderful US economy. They can go find another sucker. There
Speaker 1: is no chance that the bricks will replace the US
Speaker 1: dollar in international trade. In any country that tries would
Speaker 1: wave goodbye to America. Now, a great way to in
Speaker 1: addition to tariffs is to have the stable coins right.
Speaker 1: Make it easy for people to transact in US dollar
Speaker 1: stable coins, especially that many people around the world want
Speaker 1: the dollar because it's a world reserve currency obviously has
Speaker 1: that power behind it, right, they don't want their local currency.
Speaker 1: So you're able to get these US dollar back stable
Speaker 1: coins regulated, so like companies like Circle, PayPal, Ripple, and
Speaker 1: so forth can go inject those respective currencies into different markets.
Speaker 1: It helps the US dollar. Now, of course, the legislation
Speaker 1: needs to make sure that the people issuing the stable
Speaker 1: coins are doing the right things. They have the reserves
Speaker 1: and so for they're not doing bad things right, So
Speaker 1: we need to get stable coin legislation and crypto legislation
Speaker 1: passed in the United States. Now, of course, we want
Speaker 1: to make sure that legislation is balanced. It's not draconian,
Speaker 1: it's not stifling innovation, but it's it's balanced, it's protecting
Speaker 1: consumers and it's allowing entrepreneurs and innovators to build. So
Speaker 1: it's interesting. Narratives are being built here for all of
Speaker 1: these things. Guys, it's fascinating to watch it play out.
Speaker 1: Or if folks, that's the news, let me know what
Speaker 1: you think. Leave your thoughts and comments below hit the
Speaker 1: thumbs up button and guys, A great way you can
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Speaker 1: a gift this holiday. Help them to learn about crypto. Guys.
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Speaker 1: Thank you guys. I appreciate you all, and I'll talk
Speaker 1: to you all later