Speaker 1: He's back regulator, but still a scumback. Gary Ginster makes
Speaker 1: an appearance and it seems like he is a Bitcoin maximus.
Speaker 1: Now I'll share the clip of what he had to say,
Speaker 1: and fetcher Jerome Powell makes some very interesting statements about
Speaker 1: crypto and stable coins that you need to know about.
Speaker 1: And we're going to talk about global liquidity on the
Speaker 1: rise and could we see a bitcoin in the crypto
Speaker 1: market making move soon. Let's get into it. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto podcast. You're home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in, and please let that subscribe button as well
Speaker 1: as the thumbsup button and leave a comment below. If
Speaker 1: you're listening on a podcast platform such as Spotify or Apple,
Speaker 1: please leave a five star rating and review. Folks. I
Speaker 1: took a few days off. It's great to be back.
Speaker 1: It was spring break this week for my daughter, so
Speaker 1: me and the family we want a little trip. And
Speaker 1: although I'm still I'm battling some allergies right now, so
Speaker 1: a part in my voice, but I'll get through it
Speaker 1: taking some meds. But it's great to be back, and
Speaker 1: we got a lot to cover, So let's get into it.
Speaker 1: So first up, we want to talk about the price
Speaker 1: of bitcoin. Not much happening, guys. We're still waiting for
Speaker 1: bitcoin and even the stock market to break through that
Speaker 1: two hundred day moving average. You can see here on
Speaker 1: my screen. I'm zoomed in. But we need to see
Speaker 1: higher highs and higher lows. And as I always say,
Speaker 1: let the market prove itself. Let it show us that
Speaker 1: it has strength and that this is indeed the reversal
Speaker 1: for the rally upwards. I still believe we are in
Speaker 1: a bull market despite this very harsh correction that we
Speaker 1: experience with the macro uncertainty of tariffs, and the catalyst
Speaker 1: that could help us get above these moving averages and
Speaker 1: have the strength could be the resolution to the US
Speaker 1: and China tariff battle that's been going on. In addition
Speaker 1: to the FED making a move of cutting rates or
Speaker 1: signaling their returning to money printing, and there's a bit
Speaker 1: of a battle going on between Fed Cherry Jerome Ball
Speaker 1: and Donald Trump. That's all a political show. It's just
Speaker 1: political theater. One thing we know about this fiat currency system,
Speaker 1: we have to go back to money printing. There's no
Speaker 1: way around it, so one way or the other, they're
Speaker 1: going to get there. This is where we have to
Speaker 1: be patient and just sit back and let the liquidity
Speaker 1: continue to rise. And what we are seeing is that
Speaker 1: global liquidity is breaking out like crazy. It's going parabolic.
Speaker 1: That's very good. We've seen this result in massive rallies
Speaker 1: for bitcoin and the crypto market, even in stock market,
Speaker 1: because all these assets are correlated to a global liquidity.
Speaker 1: So here analysts crypto currently said can't stop looking at
Speaker 1: this chart, and his chart shows global liquidity and bitcoin.
Speaker 1: He says, we really have a full breakout on the
Speaker 1: Global Liquidity index first time in three years, and bitcoin
Speaker 1: is consolidating. Anything can happen, of course, but the future
Speaker 1: looks so bright. So as always, there's no guarantees here, right,
Speaker 1: we don't have a crystal ball, but looking at the
Speaker 1: data now not our feelings are emotions. We're seeing the
Speaker 1: patterns we've seen history, and that could play out very well.
Speaker 1: Even macro investor Ral Pale shared his data chart showing
Speaker 1: global M two you know, essentially global liquidity and that
Speaker 1: it is surging as well. So multiple data points are
Speaker 1: showing this. Guys. He says, I know many of you
Speaker 1: want to see the updated version of the Bitcoin versus
Speaker 1: Global M two chart here. It is just a very
Speaker 1: small part of the weekly macro investing tool. It is
Speaker 1: time give or take a few days. So he's saying
Speaker 1: we could see some sort of rally soon, and I
Speaker 1: think seasonality wise, that make sense. Obviously, this tariff situation
Speaker 1: has really put a dark cloud over markets, and it's
Speaker 1: not just crypto, of course, but at some point the
Speaker 1: markets will price this in there they'll find your bottom
Speaker 1: and start moving. We've seen this historically, whether it be
Speaker 1: two thousand and eight, whether it be two thousand, the
Speaker 1: dot com bubble pop, right, all these things go back
Speaker 1: to all the major crashes and histories. Markets find a
Speaker 1: bottom and they keep going. What we have to do is,
Speaker 1: of course, be patient. And that's the hard part. And
Speaker 1: you can listen to Warren Buffett and read the books
Speaker 1: about him and what he talks about patients when it
Speaker 1: comes to investing and even emotional control, not being emotional
Speaker 1: about the markets. Yes, it's hard, Yes, a seeing your
Speaker 1: value of your portfolio going down is hard. It bothers
Speaker 1: me as well. Right, That's why I've often said, don't
Speaker 1: look at your portfolio when we go through these parts.
Speaker 1: I haven't been looking at my portfolio, and I'm being
Speaker 1: very honest, I have not been looking at it because
Speaker 1: I know there's the mental battle there right. Oh my god,
Speaker 1: my portfolio is down. I'm not gonna hit my financial goals.
Speaker 1: You go, we all human, we go through it. But
Speaker 1: part of investing, and this is not playing the lottery,
Speaker 1: and this is not going to the casino. This is
Speaker 1: having a macro view, a long term view, and staying
Speaker 1: the course. Obviously there's something detrimental happening to a specific
Speaker 1: stock or crypto you're holding, you want to liquidate it.
Speaker 1: But outside of those things, you just want to sit
Speaker 1: back and ride the wave here the globally liquidity way.
Speaker 1: So I think in due time, guys, we're going to
Speaker 1: see a rally upwards. Now, FED Chair Jerome Powell made
Speaker 1: some big statements around crypto. He says crypto is becoming
Speaker 1: more mainstream and legal framework for stable coins is a
Speaker 1: good idea. So we've seen over time Pradchair Jerome Powell
Speaker 1: make statements about crypto that it's here to stay. They're
Speaker 1: not going to ban it, and I think they absolutely
Speaker 1: agree with the stable coin idea because this will help
Speaker 1: the US dollar maintain its will a reserve currency status,
Speaker 1: especially as stable coin issues are going to buy treasuries
Speaker 1: right and the US won't have to depend on China
Speaker 1: and other countries. You know. Jerome Powell mentioned stable coins
Speaker 1: and standard Charter this week put out an article saying
Speaker 1: they expect the stable coin supply to search to two
Speaker 1: trillion dollars by twenty twenty eight. So I think we
Speaker 1: could get to a trillion by the end of this year,
Speaker 1: or if not to next year if stable coin legislation
Speaker 1: makes it through. Because once you have the clarity the banks,
Speaker 1: all these big institutions are going to be able to
Speaker 1: launch your own stable coins, guys, and the United States
Speaker 1: wants this, by the way, They need to do this
Speaker 1: because this will help the US dollar because there's bricks
Speaker 1: nations trying to bypass the US dollar. I'm sure you
Speaker 1: guys are up to speed on what's happening there. So
Speaker 1: allowing different institutions in the United States to launch these
Speaker 1: and then push these USD backed stable coins into different
Speaker 1: parts of the world will help the world reserve currency status.
Speaker 1: So big stuff here. Now we got news that the
Speaker 1: SEC has announced details for its third crypto Policy Roundtable,
Speaker 1: and these roundtables have been great, They've been livestream. There's
Speaker 1: a lot of transparency, so I love it. They have
Speaker 1: an April twenty fifth event which will focus on custody issues,
Speaker 1: featuring two panels, one on broker dealer and wallet custody
Speaker 1: and the other on investment advisor and investment company custody.
Speaker 1: So you're going to see folks, some fireblocks, fidelity, anchorage, cracking, exodus,
Speaker 1: and much more so. Guys, we're seeing some of the
Speaker 1: biggest of the biggest in the industry coming to meet
Speaker 1: with the SEC here and it's amazing to see this happening.
Speaker 1: It's a far cry from what was happening over the
Speaker 1: past four years. Now, speaking about what was happening over
Speaker 1: the past four years, look who crawled out from under
Speaker 1: their rock at MIT, Gary Genser, the scumbag regulator himself
Speaker 1: or a former regulator, but still a scumbag. Gary Cancer.
Speaker 1: So this guy is unbelievable. And as usual, he goes
Speaker 1: on CNBC. He doesn't answer questions clearly, he dances around
Speaker 1: the questions, but he made some surprising statements that have
Speaker 1: Bitcoin Maxi's kind of going crazy, like, oh, Gary, answer
Speaker 1: is a Bitcoin maxie now and for some of those
Speaker 1: bigcoin maxis who are low IQ. If Gary was such
Speaker 1: a Bitcoin Maxi, why did it take a lawsuit for
Speaker 1: him to approve the bigcoin spotty? TF? That he had
Speaker 1: to be called arbitrary and capricious to approve a bigcoin
Speaker 1: s body TF? Yeah, because he's not no big coin maximus.
Speaker 1: He is anti crypto because he was told to be
Speaker 1: anti crypto by Elizabeth Warren who was his controller. And
Speaker 1: of course they were lobbied by the big banks, right
Speaker 1: Jamie and Iman and all these guys. That was the
Speaker 1: whole plan. That's why he attacked crypto like that. So
Speaker 1: you know bitcoin maxi's they're just looking for the grasping
Speaker 1: for straws here. Oh oh Gary's big you know he's
Speaker 1: he's a bitcoin maxim. Yeah yeah, Gary, you want Gary
Speaker 1: to be your leader? Now? Really? Really? I mean the
Speaker 1: guy who had to be called arbitrary and capricies to
Speaker 1: approve a bitcoin spotty TF. The guy who claim was
Speaker 1: a Bitcoin maximus had to have the courts do this
Speaker 1: to him to approve a bigcoin spotty TF. Again, Logic
Speaker 1: reason have been thrown out the window with some of
Speaker 1: these guys. But let me play the clip of what
Speaker 1: Gary had to say.
Speaker 2: Hey, Gary, final question for you. As you probably watched,
Speaker 2: so many CEOs were doing almost victory laps in the
Speaker 2: in the crypto world as these enforcement cases were dropped
Speaker 2: to buy this current administration of cases, of course, the
Speaker 2: cases that you had brought. As you watched that, what
Speaker 2: did you think.
Speaker 3: Look, I'm going to step back a little bit from
Speaker 3: any individual cases and just say this again to your
Speaker 3: viewing public. Is a very small part of the financial markets.
Speaker 3: But if you were interested in this, think about every
Speaker 3: financial asset sort of trades and a bit of fundamentals
Speaker 3: and sentiment. But this field is almost ninety nine or
Speaker 3: maybe one might say one hundred percent sentiment and very
Speaker 3: little unfundamentals. And while something like bitcoin may persist for
Speaker 3: a long time because there's seven billion people around the
Speaker 3: globe a real keen interest in it, there's ten or
Speaker 3: fifteen thousand others of these tokens. And to think through
Speaker 3: your own risk, your own personal risk, about where are
Speaker 3: the fundamentals And if this is just about sentiment, then
Speaker 3: generally those don't end up well and most then go down.
Speaker 1: Are you talking?
Speaker 2: You're contrasting Bitcoin with the other ones, or you're just
Speaker 2: they're all the same.
Speaker 3: Joe, I'm glad that you spoke up, because I know
Speaker 3: you're a bit of a bitcoin enthusiast and think less
Speaker 3: well of the rest of those. It's how you and
Speaker 3: I've always connected in the green rooms. But think of
Speaker 3: these ten or fifteen thousand other tokens, and just on
Speaker 3: the economics, just on the fundamentals. What are the fundamentals?
Speaker 1: No, I know, but that was my suggestion.
Speaker 3: You throw Bitcoin in with the rest of them, or
Speaker 3: you think Bitcoin is different than it's qualitatively different than
Speaker 3: the others. I think the distinction is similar to in metals,
Speaker 3: there's only two or three precious metals. We humans have
Speaker 3: a certain fascination with two or three precious metals like gold.
Speaker 3: I don't think we human, so we'll have a fascination
Speaker 3: with ten or fifteen thousand meme or sentiment tokens trading
Speaker 3: over the years.
Speaker 1: So there you have it, right, And he tried to
Speaker 1: compare everything else outside of bitcoin to memes and sentiment
Speaker 1: tokens when many of these blockchains have big institutions. I'm
Speaker 1: talking black Rock, fidelity and much more. Building on him,
Speaker 1: you know, what's on the screen there next to Gary, Etherorem,
Speaker 1: Salon and XRP. Those have a lot of institutional investors,
Speaker 1: specifically Etherorem and XRP. Solana not so much. Now. You
Speaker 1: could argue there was a lot of meme coins in Solana, right, Yes,
Speaker 1: I mean he may have a point there, but at
Speaker 1: the end of the day, there's more than meme coins
Speaker 1: being built. So he's being disingenuous as usual. He's still,
Speaker 1: you know, with that same old narrative. And it wouldn't
Speaker 1: surprise me. Elizabeth Warren told him the hey, crawl out
Speaker 1: from MIT and come say something on TV, you know,
Speaker 1: because we can attack you know, let this current administration
Speaker 1: about it and so on and so forth. Typical Gary, Right,
Speaker 1: what are you gonna do? He's he's a scumbag and
Speaker 1: he's going to be a continue to be a scumbag.
Speaker 1: But guys, one thing is for sure, it doesn't matter
Speaker 1: what Gary Ginster does. Disruptive technology always wins. I'll give
Speaker 1: you an example. Telecom companies back in the nineties were
Speaker 1: trying to block the Internet because people are going to
Speaker 1: use the Internet for a voice over IP being able
Speaker 1: to do calls and all that. They tried to fight.
Speaker 1: So they were the incumbents. Same things happening here, banks
Speaker 1: and payment companies. We got to stop these crypto guys.
Speaker 1: We're got to stop the stable coins. They're moving value.
Speaker 1: They're investing in these things outside of us. Same thing's
Speaker 1: happening here. And of course they have their dogs on
Speaker 1: the leash like Gary. And of course he was, you know,
Speaker 1: the call was made to him. He's a gold min
Speaker 1: sas guy. The call was made to him, and he
Speaker 1: did what he had to do. But he got defeated,
Speaker 1: of course, and he's still going to run around, you know,
Speaker 1: trying to talk his bs, but it doesn't carry any
Speaker 1: weight anymore. Everybody knows he's a clown. Anyway, guys, quick
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Speaker 1: look at this Binance is reportedly advising global governments and
Speaker 1: setting up strategic bitcoin reserves. So we've been seeing cz
Speaker 1: while he's not working in a full capacity at Binance.
Speaker 1: He's been meeting with different governments and becoming an advisor,
Speaker 1: a crypto advisor. He met with the folks at Pakistan
Speaker 1: and Kyrgistan, and it's incredible that Binance is doing us
Speaker 1: and the world is still the world's largest exchange. So
Speaker 1: they have a big brand and you know, there's clarity now.
Speaker 1: They're kind of out of the woods in regards to
Speaker 1: what was going on with cz and the fines and
Speaker 1: so forth. So it makes sense that they're going to
Speaker 1: do this because they can get these governments to buy
Speaker 1: the coins from them and even custody right if they
Speaker 1: choose to. But smart move by Binance, so lem you
Speaker 1: to details. Cryptocurrency Exchang Finance is involved in discussions on
Speaker 1: establishing strategic digital asset reserves with several countries. It's CEO,
Speaker 1: Richard Teng, reportedly said Finance has been advising multiple governments
Speaker 1: on establishing strategic bitcoin reserves and formulating crypto asset regulations
Speaker 1: to Teng said in an interview with The Financial Times
Speaker 1: on April seventeenth, so here's a quote. We have actually
Speaker 1: received quite a number of approaches by a few governments
Speaker 1: and sovereign wealth funds on the establishment of their own
Speaker 1: crypto reserves. Guys, how things have changed. A paradigm shift
Speaker 1: is taking place. I couldn't imagine this in twenty sixteen
Speaker 1: when I got in. So it's incredible, just amazing, And
Speaker 1: sometimes I have to pinch myself because it's surreal having
Speaker 1: experienced the opposite of governments spreading funds, saying all types
Speaker 1: of negative things. So now, oh, we want to set
Speaker 1: up a crypto reserve, right, and we're going to work
Speaker 1: with exchanges. Incredible stuff. Now, speaking of institutional adoption, Franklin Templeton,
Speaker 1: the Wall Street powerhouse, they have formed a partnership with
Speaker 1: Standard Chartered and OKX crypto exchange. So they tweeted out
Speaker 1: that Standard Chartered and OKX have launched a collateral mirroring
Speaker 1: program allowing institutional clients to use crypto and tokenized money
Speaker 1: market funds held by Standard Chartered on the OKX exchange.
Speaker 1: Brevin Howard Digital will be the first to participate using
Speaker 1: Franklin Templeton's tokenized platform. Guys, I'm sure many of you
Speaker 1: have seen my interview with Sandy Call, who heads up
Speaker 1: Digital Assets at Franklin Templeton I've interviewed her two times.
Speaker 1: If you haven't, check out the interview playlist. They are
Speaker 1: doing a lot, and they don't get the big headlines
Speaker 1: like black Rock or Fideli, but they're doing a lot.
Speaker 1: They're building a lot of products, and this is a
Speaker 1: huge partnership. Standard Chartered, I mean a bank right and
Speaker 1: Okax one of the largest exchanges in the Asian markets.
Speaker 1: They're not fully functional in the United States to regulations,
Speaker 1: but I think second to Finance, they have the most volume,
Speaker 1: if I'm not mistaken. But huge, huge news here, guys,
Speaker 1: I hope you see what's happening. Final news item. Treehouse
Speaker 1: Finance reaches four hundred million dollars token valuation in new
Speaker 1: funding round. So they have raised an undisclosed amount with
Speaker 1: a four hundred million dollars valuation. The figure represents the
Speaker 1: fully diluted valuation of tree Houses yet to launch Native token.
Speaker 1: Co founder and CEO Brandon go Toll the block So
Speaker 1: notice this, guys, they're raising a lot of money that
Speaker 1: tokens not launch at. So this is why I've been
Speaker 1: saying I'm looking forward to the future bull markets. There's
Speaker 1: gonna be new blockchains and new tokens out there and
Speaker 1: you want to follow the money. You know, what are
Speaker 1: the vcs and hedge ones putting your money in? And
Speaker 1: it could be opportunities. Right, this is the first time
Speaker 1: I'm hearing about Treehouse Finance. I don't know much about them,
Speaker 1: but I think there are more of a defive protocol AB.
Speaker 1: I'll give it to details. But pretty incredible, right, still
Speaker 1: coming in token projects are still getting funded, guys. These
Speaker 1: are all signs of growth and health in the market,
Speaker 1: so Go said. The funding round was structured as a
Speaker 1: simple agreement for future tokens the SAFT token SAFT if
Speaker 1: you want to call it that, and close late last year.
Speaker 1: He added. The Treehouse's previous eighteen million dollars seed round,
Speaker 1: completed over three years ago in March twenty twenty two,
Speaker 1: was also structured as a SAFT. Treehouse Finance did not
Speaker 1: name its lead investor, but described it as a venture
Speaker 1: arm of one of the largest life insurance and financial
Speaker 1: firms managing over five hundred billion dollars in assets. The
Speaker 1: article says here the investor appears to be Mass Mutual Ventures,
Speaker 1: which also backed Treehouses seed round. Guys, look who's involved here.
Speaker 1: Pretty incredible stuff. So you know, for just so you know,
Speaker 1: treehouses betting on a defile I fixed income becoming a
Speaker 1: major market, tapping into a six hundred trillion dollar opportunity
Speaker 1: from traditional finance. So essentially, as they tokenize all the
Speaker 1: traditional assets, there's gonna be opportunities for DeFi. And as
Speaker 1: a highlight here fixed income DeFi. Now, we've got to
Speaker 1: make sure the infrastructure is right. We got to make
Speaker 1: sure these things are tested because we've seen DeFi get
Speaker 1: exploited big time, and I've often said that doesn't mean
Speaker 1: DeFi is not going to exist. The point is that
Speaker 1: version one point zero of anything, especially in the early days,
Speaker 1: it's going to have flaws. There's gonna be bugs, and
Speaker 1: it's going to be open season on it, right because
Speaker 1: hackers and all these guys are going to attack it.
Speaker 1: But I think further iteration, you'll have better software here,
Speaker 1: better protocols, better set up where it can't be hacked.
Speaker 1: And I'm betting the institutions know what they're doing here
Speaker 1: and they're going to build things that are much safer.
Speaker 1: So guys, I mean, I see the names that are
Speaker 1: getting involved here. It is company and people who have
Speaker 1: been around before the crypto market and now they're all
Speaker 1: getting involved some of the biggest things. I mean, I
Speaker 1: just told you guys about standard Charter, Mass mutual. Those
Speaker 1: who are around before crypto and they've been doing their thing,
Speaker 1: and now they see what's on the horizon that this
Speaker 1: technology is here to stay. So big things are happening globally. Guys, folks,
Speaker 1: that's the news. Let me know what you think. Leave
Speaker 1: your thoughts and comments below. Great way you can support
Speaker 1: me in the podcast is by subscribing to my free
Speaker 1: email newsletter. It's on Substack. Check out my book on Amazon.
Speaker 1: It's available in paperback in digital, and check out my
Speaker 1: new course at Mycrypto course dot com. It's a comprehensive
Speaker 1: course that teaches you every aspect of crypto. Guys, thank
Speaker 1: you so much for watching and listening. I appreciate you
Speaker 1: all and I'll talk to you all later