WEBVTT 1 00:00:00.080 --> 00:00:03.279 We have a huge update around the Crypto Reserve and 2 00:00:03.399 --> 00:00:06.240 what President Trump is going to do with Bitcoin and 3 00:00:06.320 --> 00:00:09.400 all coins like XRP, Cardano and Solana. I'll give you 4 00:00:09.439 --> 00:00:12.039 the details and what Howard Lutnik had to say. And 5 00:00:12.119 --> 00:00:16.199 a Nasdaq listed company is about to buy Ethereum as 6 00:00:16.199 --> 00:00:19.399 we see expansion beyond Bitcoin, and there's a lot of 7 00:00:19.480 --> 00:00:22.359 updates around the White House Crypto Summit that is coming 8 00:00:22.480 --> 00:00:25.199 up this Friday. I'll give you the details. Let's get 9 00:00:25.199 --> 00:00:32.960 into it. Hey, everybody, welcome into the Thinking Crypto podcast, 10 00:00:33.000 --> 00:00:36.600 your home for cryptocurrency news and interviews. I'm your host, 11 00:00:36.679 --> 00:00:39.200 Tony Edward. On your way in, Please hit that subscribe 12 00:00:39.200 --> 00:00:41.479 button as well as the thumbsup button and leave a 13 00:00:41.520 --> 00:00:44.399 comment below. If you're listening on a podcast platform such 14 00:00:44.399 --> 00:00:47.079 as Spotify or Apple, please leave a five star rating 15 00:00:47.119 --> 00:00:50.039 and review. Folks, we are seeing bitcoin on the move. 16 00:00:50.200 --> 00:00:53.280 It is back over ninety one thousand dollars again, and 17 00:00:53.359 --> 00:00:56.799 the validation for this move is the RSI. As I've 18 00:00:56.840 --> 00:00:59.640 been telling you guys, bitcoin was super over sold and 19 00:00:59.679 --> 00:01:02.439 the only direction left to go was up right, these 20 00:01:02.479 --> 00:01:06.239 sellers became exhausted. Now, obviously we got that incredible fake 21 00:01:06.280 --> 00:01:09.359 out with the Trump announcement about the crypto reserve on Sunday, 22 00:01:09.640 --> 00:01:11.359 so that kind of threw a monkey wrench and a 23 00:01:11.400 --> 00:01:16.400 whole system. But since then Bitcoin has been slowly and 24 00:01:16.439 --> 00:01:20.280 steadily moving up, going at a normal recovery pace. And 25 00:01:20.359 --> 00:01:22.959 of course you can see it is above the trend line, 26 00:01:22.959 --> 00:01:25.760 the two hundred day moving average, which is what we've 27 00:01:25.799 --> 00:01:28.920 been watching closely to see if it was gonna hold 28 00:01:28.920 --> 00:01:31.120 that trend line and keep going. And it is, guys. 29 00:01:31.200 --> 00:01:33.840 So this is a very good sign. Now, as always, 30 00:01:34.159 --> 00:01:36.840 I want the market to continue to confirm this and 31 00:01:36.920 --> 00:01:39.840 prove itself because we could get faked out again. We've 32 00:01:39.840 --> 00:01:42.159 seen this time and time again. This is just the 33 00:01:42.280 --> 00:01:44.560 normal volatility in the market. And we don't want to 34 00:01:44.560 --> 00:01:47.159 get too caught up in the micro, because we on 35 00:01:47.239 --> 00:01:50.319 this podcast look at the macro, because if you are 36 00:01:50.359 --> 00:01:52.799 too caught up in the daily and the hourly, you're 37 00:01:52.799 --> 00:01:55.640 gonna get wrecked. You're gonna get impatient, you're gonna get discouraged. 38 00:01:55.959 --> 00:01:58.239 But if you're looking at the macro, guys, the macro 39 00:01:58.400 --> 00:02:01.159 shows where we have come from, where we're going. This 40 00:02:01.280 --> 00:02:03.879 bull market's not over, and we have a bull off 41 00:02:03.879 --> 00:02:06.599 top to head to this years so it's very important 42 00:02:06.640 --> 00:02:08.919 to exercise patients here. And if you look at the 43 00:02:08.919 --> 00:02:12.400 Bitcoin monthly chart continues to look bullish. The monthly RSI 44 00:02:12.639 --> 00:02:15.000 also not flagging that the top is in. And you 45 00:02:15.039 --> 00:02:17.360 see a green candle is forming here on the chart 46 00:02:17.599 --> 00:02:21.759 despite the red candle that took place in January into February. 47 00:02:21.840 --> 00:02:25.520 So guys, we're on track. Nothing deviating here. And here 48 00:02:25.759 --> 00:02:29.639 is a massive bullish sign. Look at this DXY chart, 49 00:02:30.159 --> 00:02:33.840 major dumb happening. Red candle after red candle. As I've 50 00:02:33.840 --> 00:02:35.919 been sharing with you guys over the past week, the 51 00:02:36.039 --> 00:02:39.159 DXY started breaking down, different analysts calling for it to 52 00:02:39.520 --> 00:02:42.120 continue to break down. Now it's going to find bounces 53 00:02:42.360 --> 00:02:45.800 on its way down. For example, it's RSIs nearing the 54 00:02:45.919 --> 00:02:48.120 over soul zone. So you can see a bit of 55 00:02:48.120 --> 00:02:49.919 a cool off here and a little bit of a bounce, 56 00:02:50.000 --> 00:02:52.919 but the trend is downwards, meaning it's going to continue 57 00:02:52.960 --> 00:02:55.439 to break down. Nothing goes down in a straight nine 58 00:02:55.479 --> 00:02:57.560 and nothing goes up in a straight line. I hope 59 00:02:57.560 --> 00:03:00.159 you guys understand that. And here's another positive sign. And 60 00:03:00.199 --> 00:03:02.759 you look at the SMP five hundred, you're seeing a 61 00:03:02.800 --> 00:03:05.560 bounce there. You look at the NASDAC you're seeing a 62 00:03:05.599 --> 00:03:09.199 bounce there. Both are also near the oversoul zone, so 63 00:03:09.240 --> 00:03:11.800 you see what's happening here. Guys also bouncing off the 64 00:03:11.840 --> 00:03:15.479 two hundred day moving average. So it's funny how this 65 00:03:15.560 --> 00:03:19.240 all works, right, But what's driving all this is global liquidity. 66 00:03:19.400 --> 00:03:22.520 Global liquidity has been on the rise, and all assets 67 00:03:22.560 --> 00:03:26.240 follow global liquidity. So the more currency that is printed, 68 00:03:26.280 --> 00:03:29.759 the more the basement that is happening globally. It's sending 69 00:03:29.840 --> 00:03:32.719 acid prices higher. And look at this. We got to 70 00:03:32.759 --> 00:03:36.520 report here that China has a new fiscal and monetary stimulus, 71 00:03:36.800 --> 00:03:39.639 and of course they're printing. China has ramped up fiscal 72 00:03:39.680 --> 00:03:43.960 and monetary stimulus on Wednesday, pledging increased efforts to boost 73 00:03:44.000 --> 00:03:47.560 consumption and mitigate the effects of an escalating trade war 74 00:03:47.599 --> 00:03:51.560 with the United States. Such central bank stimulus measures often 75 00:03:51.639 --> 00:03:54.840 lead to increased liquidity, which can spill over into various 76 00:03:54.879 --> 00:03:58.800 risk assets, including bitcoin. Guys, it's the same thing over 77 00:03:58.840 --> 00:04:01.560 and over in the United States. They're going to raise 78 00:04:01.560 --> 00:04:03.719 the debt ceiling again. They're going to have to go 79 00:04:03.800 --> 00:04:06.319 back to money printing, quantitative easing. They may call it 80 00:04:06.319 --> 00:04:09.400 something different this time around, doesn't matter. All Cuchral banks 81 00:04:09.439 --> 00:04:12.520 have to do this because it is the Fiat money system. 82 00:04:12.719 --> 00:04:15.639 There's no way around it. And yes, they go through 83 00:04:15.719 --> 00:04:19.639 cycles of quantitative tightening where they pull liquidity out to 84 00:04:19.800 --> 00:04:24.319 cool inflation because the genesis of inflation is from money printing. 85 00:04:24.720 --> 00:04:27.199 So they go through these boom and bus cycles. We 86 00:04:27.319 --> 00:04:30.279 left a bus cycle of twenty twenty two and we've 87 00:04:30.319 --> 00:04:33.199 been in a bull market since, and the Fed has 88 00:04:33.279 --> 00:04:37.160 been on the path to a looser monetary policy, pausing 89 00:04:37.240 --> 00:04:40.160 rate heights, now cutting rates, and then they're going to 90 00:04:40.240 --> 00:04:42.920 have to service the debt by printing. Guys, all of 91 00:04:42.959 --> 00:04:46.680 this is very good for crypto and even the stock market. 92 00:04:46.759 --> 00:04:49.720 So I hope you understand what's happening here. So when 93 00:04:49.759 --> 00:04:53.120 in doubt, zoom out. We are seeing some positive signs. 94 00:04:53.480 --> 00:04:55.759 I'm not saying we're going to skyrocket to one hundred 95 00:04:55.800 --> 00:04:58.199 and twenty thousand by next week. Don't get me wrong. 96 00:04:58.240 --> 00:05:00.519 There will be volatility, right, it's going to a chop, 97 00:05:00.879 --> 00:05:04.120 but then comes the parabolic moves like we saw in 98 00:05:04.199 --> 00:05:06.920 November and December. So you just got to be patient. 99 00:05:06.959 --> 00:05:09.279 All right, guys, let's go into some news. We got 100 00:05:09.439 --> 00:05:12.399 further confirmation of who's going to be attending the White 101 00:05:12.399 --> 00:05:15.600 House Crypto Summit on Friday, which will be historic. It's 102 00:05:15.639 --> 00:05:19.160 the first ever crypto summit, and of course a lot 103 00:05:19.199 --> 00:05:21.519 of industry players are going to be there. We got 104 00:05:21.600 --> 00:05:25.079 a confirmation that Robin Hood's CEO of Vlad will be there, 105 00:05:25.480 --> 00:05:29.480 Krakens CEO, Michael Saylor of Course, Brian Armstrong, coinbased CEO, 106 00:05:29.639 --> 00:05:34.639 Sergey Nazarrov of chain Link, Kyle Somani of multi Coin Capital, 107 00:05:35.120 --> 00:05:39.800 Zach Witkoff, a co founder of World Liberty Financial, Jp Richardson, 108 00:05:40.279 --> 00:05:44.399 the CEO of Exodus, Matt Wwang of Paradigm, David Bailey, 109 00:05:44.600 --> 00:05:48.120 CEO of Bitcoin Magazine. This is being reported by Eleanor Terrott, 110 00:05:48.120 --> 00:05:50.600 and she said the Winklewass twins of Gemini will also 111 00:05:50.639 --> 00:05:53.839 be there. Now. Coin Telegraph also had a list and 112 00:05:53.879 --> 00:05:56.000 they said Ripple CEO Brad garling House is going to 113 00:05:56.000 --> 00:05:58.680 be there. I did not see it down Eleanor Terott's list, 114 00:05:58.759 --> 00:06:02.360 but it's team. Some people are saying Charles Hoskinson is 115 00:06:02.360 --> 00:06:05.360 supposed to be invited, but he's apparently not going to 116 00:06:05.399 --> 00:06:07.240 be there. I don't know, so we have to wait 117 00:06:07.279 --> 00:06:11.079 and see for the final list. But look a lot 118 00:06:11.079 --> 00:06:14.199 of big players and industry CEOs are going to be there. 119 00:06:14.360 --> 00:06:16.279 So this is really good for the industry and how 120 00:06:16.319 --> 00:06:18.639 the United States government and the crypto industry is going 121 00:06:18.720 --> 00:06:22.319 to work together moving forward and getting legislation and clarity through. 122 00:06:22.439 --> 00:06:25.920 So very bullish. Now some people have been asking will 123 00:06:25.920 --> 00:06:28.879 this be live stream? I'm not sure yet. They haven't 124 00:06:28.920 --> 00:06:32.759 released details. Probably not. You know, some of this maybe 125 00:06:32.920 --> 00:06:35.439 closed door. Maybe there's a photo op. Right they show 126 00:06:35.439 --> 00:06:38.240 all of them together meeting with the President. But I 127 00:06:38.240 --> 00:06:40.839 don't think they're gonna live stream anything. And I'll try 128 00:06:40.879 --> 00:06:43.560 to get you guys the takeaways. I will be traveling 129 00:06:43.600 --> 00:06:48.079 on Friday over and into the weekends, so I'll try 130 00:06:48.120 --> 00:06:50.959 my best to report what's going on now. Today there 131 00:06:51.040 --> 00:06:55.399 was a really important crypto meeting. Eleanor heard of Fox 132 00:06:55.439 --> 00:06:58.680 Business said this afternoon, a group of House Republicans, including 133 00:06:59.000 --> 00:07:03.480 Tom Emmer and Ryan Steele, hosted a crypto power lunch 134 00:07:03.600 --> 00:07:08.720 to discuss digital asset policy initiatives and legislation. Attendees included 135 00:07:09.000 --> 00:07:13.120 representatives from crypto trade organizations like the Blockchain Association, the 136 00:07:13.160 --> 00:07:17.399 Digital Chamber, Paradigm A sixteen z coin, flip Coinbase Anchorage, 137 00:07:17.759 --> 00:07:21.240 and Digital Currency Group. Just yesterday, guys, we heard that 138 00:07:21.519 --> 00:07:25.040 Tom ember and Richie Torres, who's a Democrat form the 139 00:07:25.480 --> 00:07:29.680 Blockchain or Crypto Caucus. So this is awesome, guys. We 140 00:07:29.720 --> 00:07:33.759 are seeing so much progress and amazing collaboration with the 141 00:07:33.800 --> 00:07:36.959 government and much more so, really really great stuff here. 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They support a lot of tokens, guys, 158 00:08:25.920 --> 00:08:28.759 So you can get access to a lot of cryptocurrencies 159 00:08:28.800 --> 00:08:30.959 on this platform. So if you'd like to learn more, 160 00:08:31.240 --> 00:08:34.759 go to bitgo dot com. Link will be in the description. Okay, guys, 161 00:08:34.840 --> 00:08:37.879 big updates around the US Crypto Reserve. We know that 162 00:08:38.000 --> 00:08:41.559 Donald Trump on Sunday tweeted out or shared on truth 163 00:08:41.759 --> 00:08:45.360 social that all coins will be added to the crypto reserve. 164 00:08:45.679 --> 00:08:48.679 In addition to Bitcoin, you will have Ethereum, XRP, Solana, 165 00:08:48.720 --> 00:08:51.679 and Cardona. However, there's been a lot of controversy, a 166 00:08:51.720 --> 00:08:56.039 lot of fighting among industry folks, and today we got 167 00:08:56.159 --> 00:08:59.240 updates from Howard Lutnik, who's part of the Trump administration. 168 00:09:00.080 --> 00:09:03.000 Bitcoin to be treated differently from all coins in the 169 00:09:03.080 --> 00:09:05.919 US Crypto Reserve, says Howard Lutnick. Let me give you 170 00:09:05.960 --> 00:09:09.360 guys the details. Here's a quote. The President definitely thinks 171 00:09:09.399 --> 00:09:13.840 that there's a Bitcoin Strategic Reserve. Commerce Secretary Howard Lutnick said, 172 00:09:14.200 --> 00:09:17.120 now there will be the question of how how do 173 00:09:17.159 --> 00:09:20.480 we handle the other cryptocurrencies, And I think the model 174 00:09:20.559 --> 00:09:23.679 is going to be announced on Friday when we do that. 175 00:09:24.000 --> 00:09:27.320 So at the White House Cryptos Summit we could hear 176 00:09:27.720 --> 00:09:32.039 the exact details I think what they may do is 177 00:09:32.440 --> 00:09:35.679 create the Bitcoin Reserve as planned as the bill was 178 00:09:35.879 --> 00:09:39.039 put together by Senator Lummus, and then with the Sovereign 179 00:09:39.240 --> 00:09:43.279 Wealth Fund that they announced they would also create that 180 00:09:43.320 --> 00:09:45.639 would be used to invest in the all coins. That 181 00:09:45.799 --> 00:09:47.879 is what I think is going to happen. But we'll 182 00:09:47.879 --> 00:09:49.799 have to wait and see what they decide to do. 183 00:09:49.960 --> 00:09:52.559 But it looks like we're gonna hear something big coming 184 00:09:52.559 --> 00:09:55.000 out of this summit. Guy, this is really great. And 185 00:09:55.120 --> 00:09:58.519 Lutnik also said the following a Bitcoin Strategic Reserve is 186 00:09:58.519 --> 00:10:01.799 something the President's interesting and he spoke about it during 187 00:10:01.840 --> 00:10:04.399 the campaign trail, and I think you're going to see 188 00:10:04.440 --> 00:10:08.559 it be executed on Friday. Nick said, so bitcoin is 189 00:10:08.559 --> 00:10:12.000 one thing, and then the other currencies, the other cryptotokens, 190 00:10:12.039 --> 00:10:15.960 I think will be treated differently, positively, but differently. So 191 00:10:16.039 --> 00:10:18.679 reading between the lines here once again, I think Bitcoin 192 00:10:18.759 --> 00:10:21.399 Reserve is a separate thing, and then the Sovereign Wealth 193 00:10:21.440 --> 00:10:24.240 Fund may be used to invest in these all coins. 194 00:10:24.279 --> 00:10:27.240 But TBD, guys, but I think a lot of people 195 00:10:27.240 --> 00:10:29.480 are going to be paying attention on Friday to see 196 00:10:29.480 --> 00:10:34.039 what ared takeaways from this summit. Now, the Bitcoin Reserve 197 00:10:34.480 --> 00:10:37.480 is making a lot of progress among states within the US. 198 00:10:37.840 --> 00:10:40.000 We saw a lot of them in voting, pushing it 199 00:10:40.039 --> 00:10:42.080 through their house and then to the Senate. Now some 200 00:10:42.200 --> 00:10:44.320 have rejected it. Don't get me wrong, you know, this 201 00:10:44.440 --> 00:10:46.919 is still a very new concept of many people. But 202 00:10:47.200 --> 00:10:50.639 look at this. Texas Strategic Bitcoin Reserve Bill has been 203 00:10:50.639 --> 00:10:54.720 placed on notice of intent for today, so really big. 204 00:10:54.759 --> 00:10:58.320 I think the crypto friendly states like Texas and others 205 00:10:59.080 --> 00:11:01.480 will most likely pass it. It won't be all of 206 00:11:01.519 --> 00:11:04.240 the states, of course, right it's going to be crawl, walk, run, 207 00:11:04.320 --> 00:11:07.080 and we just need one and then maybe two and 208 00:11:07.120 --> 00:11:09.360 then you know, the other dominoes are gonna fall. Game 209 00:11:09.440 --> 00:11:12.240 theory will play out here and then on the federal level. 210 00:11:12.559 --> 00:11:14.519 This is happening on the federal level. It will make 211 00:11:14.559 --> 00:11:17.080 it easy for many states to do this. So things 212 00:11:17.080 --> 00:11:20.960 are moving ahead. Now. Some interesting news around Etherorem Guys, 213 00:11:21.600 --> 00:11:25.759 a publicly listed company on the NASDAC by the name 214 00:11:25.799 --> 00:11:29.759 of Bioonexus gene Lab has approved Etherorem as its primary 215 00:11:29.840 --> 00:11:34.120 treasury asset. This is interesting. We've been seeing a lot 216 00:11:34.159 --> 00:11:36.399 of companies add bitcoin to the balance sheet. Some have 217 00:11:36.519 --> 00:11:39.600 added bitcoin and Etherorem, but the majority have been bitcoin. 218 00:11:39.720 --> 00:11:43.080 Following Michael Sailor's micro strategy, or I should say strategies, 219 00:11:43.399 --> 00:11:47.879 strategies blueprint. So now they're going beyond that and going 220 00:11:47.919 --> 00:11:50.799 to etherorem I told you guys, right, I've been saying 221 00:11:50.840 --> 00:11:53.559 this for years, that it'll start with bitcoin, but they'll 222 00:11:53.600 --> 00:11:56.240 go to other assets. And I think they'll do a basket, 223 00:11:56.480 --> 00:11:59.240 especially as there's more clarity now with the SEC and 224 00:11:59.279 --> 00:12:02.000 all these cases getting dropped, and there's ETF's launch, and 225 00:12:02.000 --> 00:12:04.480 then you have the President of the United States talking 226 00:12:04.519 --> 00:12:08.519 about these assets XRP Salona Cardano, so we could see 227 00:12:09.279 --> 00:12:12.080 XRP Cardana and these other assets be added to balance 228 00:12:12.120 --> 00:12:15.039 sheets as well, guys, because you know it's as Paul 229 00:12:15.080 --> 00:12:18.159 Tutor Jones said, bitcoin and crypto is the fastest horse 230 00:12:18.200 --> 00:12:20.879 in the race. Yes, you can put gold, you can 231 00:12:20.919 --> 00:12:23.919 put a real estate, you can do stocks, but bitcoin 232 00:12:23.960 --> 00:12:28.120 and crypto are outperforming all those things, right, So don't 233 00:12:28.120 --> 00:12:31.799 be surprised if you see more companies go beyond bitcoin 234 00:12:32.000 --> 00:12:35.279 and at all coins. Very bullish in my opinion. Now 235 00:12:35.480 --> 00:12:40.360 early Solona Backer Foundation Capital raises six hundred million dollars 236 00:12:40.440 --> 00:12:43.759 for its eleventh fun We continue to see a ton 237 00:12:43.799 --> 00:12:47.759 of capital flowing into this crypto industry, and these folks 238 00:12:47.840 --> 00:12:50.639 are buying both the tokens and investing in the companies 239 00:12:50.639 --> 00:12:54.240 building the infrastructure of the market. So Foundation Capital has 240 00:12:54.320 --> 00:12:57.759 raised six hundred million dollars for Fund eleven to continue 241 00:12:57.799 --> 00:13:01.919 backing early stage startups, the early Salona backers. New fund 242 00:13:02.039 --> 00:13:07.440 will target crypto, fintech, and enterprise AI investments. Folks, I 243 00:13:07.440 --> 00:13:10.879 hope you see what's happening here. The activities that were 244 00:13:10.879 --> 00:13:13.399 happening in Web two and Web one point zero are 245 00:13:13.399 --> 00:13:17.240 happening now for Web three with crypto and also AI. 246 00:13:17.639 --> 00:13:20.279 And obviously Crypto is really carrying the mantle of Web 247 00:13:20.320 --> 00:13:23.480 three in the way we move and transact with each 248 00:13:23.480 --> 00:13:26.559 other on the web. So you are seeing a lot 249 00:13:26.600 --> 00:13:29.360 of capital coming in. It's interesting. You have a lot 250 00:13:29.399 --> 00:13:33.000 of these tradifi hedge funes and vcs. They're now either 251 00:13:33.240 --> 00:13:36.840 fully going into crypto or they're launching a separate arm 252 00:13:36.919 --> 00:13:40.440 up their business that's dedicated to crypto. And I've told 253 00:13:40.440 --> 00:13:42.440 you guys a lot about them over the years. Obviously 254 00:13:42.480 --> 00:13:44.679 A sixteen Z is the biggest and well known is 255 00:13:44.679 --> 00:13:48.320 Brevin Howard, and lots of big names. They are getting 256 00:13:48.320 --> 00:13:50.519 involved in crypto and they have to. They will look 257 00:13:50.559 --> 00:13:53.159 like idiots. If they don't, this is the future, and 258 00:13:53.240 --> 00:13:55.559 as we continue to get more clarity from the government, 259 00:13:56.279 --> 00:13:58.200 these folks are going to jump all in. There's a 260 00:13:58.240 --> 00:14:01.000 lot of capital still sitting on the side sidelines, just 261 00:14:01.080 --> 00:14:03.879 waiting for that clarity. Just look at what happened with 262 00:14:03.919 --> 00:14:06.639 the ETPs. Right before the et apps, a lot of 263 00:14:06.639 --> 00:14:09.840 these firms on Wall Street couldn't touch crypto directly. The 264 00:14:09.879 --> 00:14:13.200 sec saw one two one was blocking them and much more. 265 00:14:13.279 --> 00:14:16.679 But now the shackles are off and they're going to 266 00:14:16.759 --> 00:14:19.399 go all in. Now we have updates here from coinbase. 267 00:14:19.519 --> 00:14:26.120 Coinbase eyes tokenized securities as crypto regulations shift under Trump administration, Guys, 268 00:14:26.159 --> 00:14:29.679 as we've talked about for years, everything will be running 269 00:14:29.720 --> 00:14:33.120 on the blockchain. Real estate stops, everything will be tokenized. 270 00:14:33.399 --> 00:14:36.000 The markets and the economy will be running on blockchain, 271 00:14:36.120 --> 00:14:38.080 and it will be twenty four to seven, three hundred 272 00:14:38.080 --> 00:14:40.600 and sixty five. I've often said, no more opening or 273 00:14:40.600 --> 00:14:44.360 closing belt, no more weekends, closed, holidays close. The markets 274 00:14:44.360 --> 00:14:49.039 will run twenty four to seven fractionalization. And obviously because 275 00:14:49.039 --> 00:14:51.600 of the blockchain, you can have more efficient markets, and 276 00:14:52.000 --> 00:14:55.440 markets can expand to be truly global. The only truly 277 00:14:55.480 --> 00:14:58.039 global asset class right now, guys, believe it or not, 278 00:14:58.200 --> 00:15:02.399 is crypto because anywhere in the world you have internet connection, 279 00:15:03.080 --> 00:15:05.879 you can buy a fraction of bitcoin etherem XRP, whatever 280 00:15:05.879 --> 00:15:08.480 it may be. It doesn't matter where you're at. Not 281 00:15:08.639 --> 00:15:11.720 everyone around the world can access to the NEYRK stock exchange, 282 00:15:11.960 --> 00:15:14.840 and especially they can't access on weekend or you know, 283 00:15:15.000 --> 00:15:18.559 it's not twenty four to seven. Crypto is. So you're 284 00:15:18.559 --> 00:15:21.240 going to see all of these things moved to the blockchain. 285 00:15:21.279 --> 00:15:23.799 That's why Larry Fingk told you, guys. He said it. 286 00:15:24.200 --> 00:15:27.799 The future of finance is tokenization, guys, So let me 287 00:15:27.840 --> 00:15:31.879 give you some details here. Coinbased chief financial officer Alesia 288 00:15:32.000 --> 00:15:36.279 has express optimism about renewed discussions with the SEC's Crypto 289 00:15:36.360 --> 00:15:39.720 Task Force, which could potentially allow the company to introduce 290 00:15:39.759 --> 00:15:44.039 a security token and international crypto products to the US market. 291 00:15:44.320 --> 00:15:47.080 So this is a very smart move by coinbase, right 292 00:15:47.120 --> 00:15:49.200 and we know their partner with black Rock, black rocks 293 00:15:49.279 --> 00:15:52.039 using them for custody and all these things. So get 294 00:15:52.039 --> 00:15:54.759 ahead of the curve here, go tokenize some of those 295 00:15:54.759 --> 00:15:58.799 stocks in different commodities and things like that and trade 296 00:15:58.840 --> 00:16:01.480 them internationally. Hey, you want to get access to Tesla 297 00:16:01.519 --> 00:16:05.360 stock you're in I don't know whatever country, right, you 298 00:16:05.440 --> 00:16:08.000 can now and you can do it through our app, 299 00:16:08.000 --> 00:16:10.399 and you can. It's fractionalized and you can do a 300 00:16:10.399 --> 00:16:13.159 lot more. You can do some DeFi activities with it. 301 00:16:13.399 --> 00:16:17.679 This opens up secondary and tertiary markets and much more. Guys, 302 00:16:17.679 --> 00:16:19.679 I hope you see where we're headed. I hope you 303 00:16:19.720 --> 00:16:22.799 see what these players are doing. Right, and this type 304 00:16:22.840 --> 00:16:26.519 of news unless you are looking for it and researching 305 00:16:26.559 --> 00:16:29.279 in crypto, it's not going to make the big headlines 306 00:16:29.320 --> 00:16:32.759 on Fox and CNN and whatever mainstream news network. Jim 307 00:16:32.879 --> 00:16:34.879 Kramer is not going to tell you about this, right, 308 00:16:35.080 --> 00:16:37.679 but it's the classic Watch what they do, not what 309 00:16:37.759 --> 00:16:41.639 they say. And you are seeing the move towards getting 310 00:16:41.720 --> 00:16:45.519 all these things on the blockchain. And this is why 311 00:16:45.559 --> 00:16:49.039 crypto is here to stay. It's going to boom. And 312 00:16:49.360 --> 00:16:53.720 you have the opportunity, unlike any other acid class in history, 313 00:16:54.399 --> 00:16:57.600 to hold the tokens and to participate. And you don't 314 00:16:57.639 --> 00:16:59.759 have to be accredited, you don't have to be a 315 00:17:00.559 --> 00:17:03.240 or a hedge fund. You can simply buy a fraction 316 00:17:03.320 --> 00:17:07.319 of it and hold it. And the tokens obviously are 317 00:17:07.319 --> 00:17:09.160 a big part of the blockchains. You can't have the 318 00:17:09.160 --> 00:17:13.079 blockchains without the tokens, guys, especially if it's a public blockchain. 319 00:17:13.480 --> 00:17:16.240 Now you can have private blockchains, and that's fine, but 320 00:17:16.559 --> 00:17:18.799 not everybody's going to use a private blockchain and they're 321 00:17:18.839 --> 00:17:22.319 not going to be as valuable. And many folks try 322 00:17:22.440 --> 00:17:27.640 to create private blockchains IBM JP Morgan of course, and 323 00:17:27.680 --> 00:17:31.039 guess what, Ain't nobody gonna trust it because it goes 324 00:17:31.079 --> 00:17:34.000 back to the same wall garden problem. Why would I 325 00:17:34.119 --> 00:17:39.359 trust what's happening behind your doors? Put it on a 326 00:17:39.440 --> 00:17:44.519 distributed ledger system that you can validate transaction and is 327 00:17:44.559 --> 00:17:47.519 open to the public and is decentralized and all that right, 328 00:17:48.279 --> 00:17:52.240 So very smart move by Coinbase here. Now, the folks 329 00:17:52.279 --> 00:17:56.039 at Ripple are backing a new association called a National 330 00:17:56.079 --> 00:18:01.599 Crypto Association. Stuart Aldaradi of Ripple tweeted out the NCAA 331 00:18:01.680 --> 00:18:04.640 officially launches today and I'm excited to join as president 332 00:18:04.680 --> 00:18:07.279 in addition to my role as chief legal officer at Ripple. 333 00:18:08.160 --> 00:18:10.839 What's the NCAA going to do, you asked. It's putting 334 00:18:10.839 --> 00:18:14.319 a spotlight on real people and businesses using crypto every day. 335 00:18:14.480 --> 00:18:17.279 NCAA is not a political organization. It's open to all, 336 00:18:17.359 --> 00:18:20.559 not limited to a specific project or protocol. So this 337 00:18:20.680 --> 00:18:24.319 is really great building education and awareness to help people 338 00:18:24.359 --> 00:18:27.480 to understand the use cases and the utility around crypto 339 00:18:28.000 --> 00:18:30.759 because you know, there's a lot of sensationalized headlines out there. 340 00:18:30.799 --> 00:18:32.720 There's a lot of people who don't understand things and 341 00:18:33.240 --> 00:18:36.240 human beings. When they don't understand something, they fear it, right, 342 00:18:36.279 --> 00:18:39.960 and they often have misconceptions about it. So education is 343 00:18:39.960 --> 00:18:42.119 so important. We have to do this. With the internet, 344 00:18:42.240 --> 00:18:44.160 right at one point, people are like, I'm never going 345 00:18:44.160 --> 00:18:47.000 to use the internet. I'm not going to shop online, right, 346 00:18:47.079 --> 00:18:49.799 I'm never going to use a smartphone. It happens at 347 00:18:49.839 --> 00:18:55.000 every technology, but with crypto it's even worse because crypto 348 00:18:55.079 --> 00:18:59.960 involves finances and money and currency, and that is something 349 00:19:00.279 --> 00:19:02.359 that it's hard for people to break through because they've 350 00:19:02.359 --> 00:19:06.200 been programmed and trained by the government and every facet 351 00:19:06.279 --> 00:19:08.920 of society. The only currency that you should trust is 352 00:19:08.920 --> 00:19:12.359 from the government, but that's only been a limited part 353 00:19:12.400 --> 00:19:15.799 of the history. Going back to human civilization, people use 354 00:19:15.839 --> 00:19:19.799 different forms of money and different means of exchange, and 355 00:19:19.839 --> 00:19:23.680 we are at an inflection point where that is changing 356 00:19:24.039 --> 00:19:27.160 and the way we transact with each other with change, 357 00:19:27.200 --> 00:19:31.039 and the world is going through an epic change right now, guys. 358 00:19:31.400 --> 00:19:34.720 I mean just think about this tech revolution starting with 359 00:19:34.759 --> 00:19:38.000 the Internet and then with blockchain and crypto. Now because 360 00:19:38.039 --> 00:19:41.920 of that AI and then robotics because you couldn't really 361 00:19:42.000 --> 00:19:46.279 have proper robotics without the AI technology or the blockchain 362 00:19:46.319 --> 00:19:50.279 technology to police it. And all of that's going to 363 00:19:50.359 --> 00:19:54.000 lead to different types of exploration into space. This is 364 00:19:54.039 --> 00:19:57.480 why there's a big push now the space race right 365 00:19:57.480 --> 00:20:00.920 with Elon and much more, because we have the technology 366 00:20:00.920 --> 00:20:03.839 to help us, the AI, the robotics, and the ability 367 00:20:03.880 --> 00:20:08.000 to transact and move value when we're not all in 368 00:20:08.039 --> 00:20:11.519 the same place. This is where digital currency that can't 369 00:20:11.519 --> 00:20:14.160 be hacked because of the blockchain comes into play. So 370 00:20:14.200 --> 00:20:18.400 you see how all these technologies, intralink and the new 371 00:20:18.960 --> 00:20:21.759 economy so to speak, the new way of doing things 372 00:20:21.839 --> 00:20:25.599 is upon us. It's a big change, and for many 373 00:20:25.640 --> 00:20:28.519 of us who are used to the old way or 374 00:20:28.559 --> 00:20:32.680 have experienced it, it's tough, right, it's scary. But put 375 00:20:32.680 --> 00:20:34.640 a new generation coming up, this is what they're going 376 00:20:34.680 --> 00:20:37.640 to know, just like people who grew up with the 377 00:20:37.720 --> 00:20:40.960 Internet or any new technology throughout history, whether it be 378 00:20:40.960 --> 00:20:46.359 the automobile, electricity, airplanes, trains. Right, there's a point when 379 00:20:46.640 --> 00:20:49.799 where some folks are scared of those things. But time progresses, 380 00:20:49.880 --> 00:20:54.759 things will move on. Technology always wins, Disruptive technology always wins, guys. 381 00:20:55.240 --> 00:20:57.839 So this is what's happening here and now Ripple c 382 00:20:57.960 --> 00:21:00.559 our Brad garling House also waiting. I think Ripple is 383 00:21:00.559 --> 00:21:03.079 proud to support the launch of the National Crypto Association. 384 00:21:03.240 --> 00:21:06.920 Over the past few years, crypto has catapulted to the mainstream. Today, 385 00:21:06.960 --> 00:21:09.960 fifty five million Americans hold and used crypto, and many 386 00:21:10.000 --> 00:21:12.359 more are curious where and when and how can I 387 00:21:12.480 --> 00:21:15.559 use this tech in my life. The National Crypto Trency Association, 388 00:21:16.039 --> 00:21:20.000 a chain agnostic, non political nonprofit, is here to help 389 00:21:20.400 --> 00:21:23.359 by educating and raising awareness of all the utility that 390 00:21:23.440 --> 00:21:26.960 crypto technologies are bringing to real people every day. Now, 391 00:21:27.039 --> 00:21:30.359 final news item here, guys, our friend Brian Brooks, who's 392 00:21:30.440 --> 00:21:33.680 of course been a crypto champion for a very long time. 393 00:21:33.920 --> 00:21:36.319 When he was at the OCC years back, you remember 394 00:21:36.359 --> 00:21:39.119 he green lighted the banks the whole crypto Now, ultimately 395 00:21:39.720 --> 00:21:43.880 Elizabeth Warren and her cronies under the Binding administration shut 396 00:21:43.880 --> 00:21:47.559 that down right, but now that has reopened but Brian 397 00:21:47.680 --> 00:21:50.039 was ahead of the curve here, you know, getting that done, 398 00:21:50.359 --> 00:21:56.279 and he's joining Axelar as an advisor, so pretty big here. 399 00:21:56.319 --> 00:21:58.400 It's good to see him back in the industry. He's 400 00:21:58.440 --> 00:22:01.319 been kind of quiet for a while. I think after 401 00:22:01.400 --> 00:22:04.440