WEBVTT

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<v Speaker 1>Blackrocks officials meet with the SEC Crypto Task Force to

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<v Speaker 1>talk all things crypto ETFs. I'll give it to details,

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<v Speaker 1>and Coinbase will be launching XRP futures. This is very

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<v Speaker 1>good for the approval of the XRP spot ETFs, and

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<v Speaker 1>the Cardano Foundation launches a new digital identity platform. And

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<v Speaker 1>there's huge adoption on the Avalanche blockchain, with a massive

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<v Speaker 1>industry building on Avalanche. I'll give you all the details.

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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 Podcasts. You're home for your cryptocurrency news and interviews.

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<v Speaker 1>I'm your host, Tony Edward. On your way in. Please

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<v Speaker 1>let that subscribe button as well, so 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 style reading and review, folks. The tariff turmoil continues.

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<v Speaker 1>Over three trillion dollars was erased from the stock market

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<v Speaker 1>today and overall, though bitcoin itself is holding up pretty strong.

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<v Speaker 1>I'm actually very surprised by this. Pleasantly surprised because I

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<v Speaker 1>thought bigcoin would be tanking. But I think this stock market,

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<v Speaker 1>which is more tied to businesses in the economy, it's

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<v Speaker 1>going to feel the pressure more because tariffs impact businesses,

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<v Speaker 1>right and consumer spending, while bitcoin is a financial network,

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<v Speaker 1>a store of value that is not affected so much

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<v Speaker 1>by tariffs. Don't get me wrong. All markets are going

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<v Speaker 1>to be affected by this because it depends on consumer

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<v Speaker 1>sentiment and investors sentiment because if they see uncertainty, and

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<v Speaker 1>you know, they don't like that. Markets don't like uncertainty.

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<v Speaker 1>But I think a bigcoin's going to be less affected

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<v Speaker 1>in the crypto market as well. And overall, global liquidity

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<v Speaker 1>is still up and the dollar is still crashing down.

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<v Speaker 1>So these are still factors that are conducive to bull

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<v Speaker 1>markets and for bullish rallies. And when I look at

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<v Speaker 1>the charts, guys, you know, I look even at the

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<v Speaker 1>S and P five hundred on the daily RSI, all

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<v Speaker 1>I'm seeing here is a retest of the over soul zone.

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<v Speaker 1>And this is something we've seen before. So let's see

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<v Speaker 1>what plays out. Could we find the bottom soon? Remember,

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<v Speaker 1>markets don't go down forever, guys. Likewise, they don't go

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<v Speaker 1>up forever. It's a cycle that plays out with sentiment,

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<v Speaker 1>global liquidity, and much more. And you know, people are

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<v Speaker 1>gonna be buying up the dips. You know, Warren Buffett

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<v Speaker 1>is going to be buying the dips on the stock market.

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<v Speaker 1>He's been sitting on a ton of cash since late

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<v Speaker 1>last year. So this is the patience game, and we've

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<v Speaker 1>got to get through this short term macro situation with tariffs.

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<v Speaker 1>It's annoying, to be honest, because it's back and forth,

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<v Speaker 1>red light, green light, it's on, it's off. It's so annoying.

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<v Speaker 1>In fact, Arthur Hayes, who I will be interviewing next week,

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<v Speaker 1>said Trump's tarrorf formula is further evidence he's laser focused

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<v Speaker 1>on reversing these imbalances. The problem for treasuries is that

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<v Speaker 1>without dollar exports, foreigners can't buy bonds. The Fed and

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<v Speaker 1>banking system must up to ensure a well functionings treasury market,

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<v Speaker 1>which means Burr essentially the money printer. Here is your narrative,

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<v Speaker 1>the clearest day for the return of quantitative easing. Guys,

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<v Speaker 1>We've been talking about it for a long time, right,

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<v Speaker 1>I've been mentioning it in my newsletter NonStop, and I

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<v Speaker 1>keep pointing to this because this is what drives markets. Yes,

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<v Speaker 1>on the micro you have individual performance of different cryptocurrencies

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<v Speaker 1>based on adoption and much more likewise with the stock market,

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<v Speaker 1>how a company performs m and as, revenue, earnings, all

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<v Speaker 1>that jazz. You guys know how it operates. But from

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<v Speaker 1>the macro, it's all following global liquidity. I like what

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<v Speaker 1>Douglas Bonaparte had to say. You know, he's a registered

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<v Speaker 1>investment advisor and I've had him on the podcast. He highlighted,

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<v Speaker 1>you know, the major market crashes we've had in our history,

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<v Speaker 1>going back to at least the nineteen seventies, the oil

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<v Speaker 1>embargo in nineteen seventy three, Black Monday nineteen eighty seven,

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<v Speaker 1>dot Com bubble burn two thousand, global financial crisis in

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<v Speaker 1>two thousand and eight, COVID nineteen and twenty twenty, and

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<v Speaker 1>now tariffs twenty twenty five. But he said, yet the

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<v Speaker 1>market goes up, that's because the global liquidity goes up.

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<v Speaker 1>The Fiat currency, the basement in printing goes up, guys.

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<v Speaker 1>So I hope you understand the macro view here. Now

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<v Speaker 1>moving ahead, guys, we have news here that Blackrock met

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<v Speaker 1>with the SEC Crypto Task Force. So journalist Eleanor Tarott

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<v Speaker 1>is reporting a delegation from the world's largest asset manager,

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<v Speaker 1>Black Rock met with the SEC Crypto Task Force this

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<v Speaker 1>week to discuss the firm's existing crypto ETFs and the

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<v Speaker 1>potential of allowing future in kind redemptions and creations for them.

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<v Speaker 1>Huge on multiple levels. First, Blackrock meeting with the SEC

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<v Speaker 1>Crypto Task Force. Despite all that's happening in the market

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<v Speaker 1>right the turmoil with the tariffs, they're still meeting because

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<v Speaker 1>they have a macro outlook. They know this is the future.

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<v Speaker 1>It's still business as usual. We got to get our

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<v Speaker 1>work done here. Two, what they're meeting about is really

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<v Speaker 1>bullish because it's the inkind redemption. So if you want

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<v Speaker 1>to redeem your assets out of these ETFs, the crypto assets,

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<v Speaker 1>it's not settled in cash. It will be settled with

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<v Speaker 1>the actual asset. That is bullish, right, We want to

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<v Speaker 1>get away from the cash aspect and to the actual

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<v Speaker 1>assets themselves being part of the transaction. So very bullish.

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<v Speaker 1>Black Rock's not slowing down. Just recently I reported to

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<v Speaker 1>you guys their expansion to the UK, expanding their bitcoin etf,

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<v Speaker 1>launching their offices and things like that in the UK,

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<v Speaker 1>specifically around crypto. It's amazing what is taking place the

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<v Speaker 1>world's wealthiest asset manager is not playing around here, guys. Now,

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<v Speaker 1>we also got news that the SEC acknowledges the filing

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<v Speaker 1>of Fidelity spots Alana et apps. So Fidelity recently did this,

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<v Speaker 1>and I think multiple all coin ETFs will be approved

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<v Speaker 1>this year. I think they're waiting for Paul Atkins to

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<v Speaker 1>come into office. And in fact, we got use here

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<v Speaker 1>that the SEC chair nominee, Paul Atkins has been voted

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<v Speaker 1>through the Banking GOP Committee. Next up in the process,

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<v Speaker 1>his nomination will move onto the full Senate for a vote.

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<v Speaker 1>I think he's going to get through, right. We got

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<v Speaker 1>the most pro crypto congress here, guys, so I don't

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<v Speaker 1>think there's any roadblocks here. So he's going to get through, guys.

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<v Speaker 1>And I think he's going to help wrap up a

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<v Speaker 1>lot of the loose ends from the bite in Gary

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<v Speaker 1>Genzer Elizabeth Warren regime and their tenure and get some

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<v Speaker 1>of these all coin ETFs approved. Possibly we get the

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<v Speaker 1>full confirmation from the SECA regarding the Ripple lawsuits. Now,

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<v Speaker 1>on that note, with Ripple and XRP and ETPs and

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<v Speaker 1>all coin et apps, Coinbase Institutional today said we're excited

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<v Speaker 1>to announce that Coinbase Derivatives has followed with the CFTC

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<v Speaker 1>to self certify XRP futures, bringing a regulated, capital efficient

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<v Speaker 1>way to gain exposure to one of the most liquid

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<v Speaker 1>digital assets. We anticipate the contract going live on April

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<v Speaker 1>twenty first, twenty twenty five. Stay tuned for additional details

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<v Speaker 1>on launch timelines and availability. So do I necessarily care

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<v Speaker 1>for futures No, you know, that's usually used to short

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<v Speaker 1>the markets. But what has the SEC needed in order

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<v Speaker 1>for spotting ts to be approved? And we saw this

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<v Speaker 1>with Bigcoin and ethereum. They need the futures markets. This

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<v Speaker 1>is the second futures markets that will go live. I

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<v Speaker 1>think Bentnominial is the other one that launched about a

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<v Speaker 1>few weeks back. So this is very good. It bodes

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<v Speaker 1>well for the approval chances of the spot ETFs for XRP,

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<v Speaker 1>and I think the SEC will do it. They'll do

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<v Speaker 1>it for Solana, they'll do it for XRP and others. Guys.

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<v Speaker 1>And one of the things I've been telling you all

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<v Speaker 1>about it's not so much these individual ETFs and their performance,

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<v Speaker 1>it's the basket ETFs. The index Grayscale recently filed to

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<v Speaker 1>have their large cap fund converted to an ETF So

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<v Speaker 1>that's going to drive a lot of inflows in my opinion,

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<v Speaker 1>because it's how the majority of investors, you know, gaining

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<v Speaker 1>exposures to markets. They buy the index, they by the

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<v Speaker 1>S and P five hundred, the NASDAC and much more. So.

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<v Speaker 1>This is really really bullish for the chances of the

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<v Speaker 1>XRPS body. You have to be approved, guys. Quick word

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<v Speaker 1>from our sponsor, and that is Treasure. Treasure makes incredible

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<v Speaker 1>hardware wallets that allow you to easily and safely self

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<v Speaker 1>custody your crypto assets. In fact, guys, they were the

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<v Speaker 1>pioneers of the hardware wallets and creating the seed phrase

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<v Speaker 1>set up and much more so, they're the ones that

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<v Speaker 1>started it, and they've been at this since twenty thirteen.

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<v Speaker 1>And I'm a user of the Treasure Save five hardware wallet.

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<v Speaker 1>It's beautifully designed, easy to use, and they have multiple devices.

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<v Speaker 1>They also have a service that helps you to onboard

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<v Speaker 1>and set up your device and you can chat with

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<v Speaker 1>a Treasure representative one on one. It's really great. So

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<v Speaker 1>they have a lot of beautiful devices and they support

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<v Speaker 1>a ton of coins guys. Of course your major coins

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<v Speaker 1>like your bitcoiny, Theorem, RP, Solana and much more. But

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<v Speaker 1>a lot of new coins like Onto and even black

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<v Speaker 1>Rocks Biddle token they support that. So the full list

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<v Speaker 1>is on their website. Guys, and they have a Treasure

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<v Speaker 1>software suite which allows you to easily manage your coins.

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<v Speaker 1>So great, great hardware wallet, beautifully designed. I have a

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<v Speaker 1>bunch of these, and they actually have a promotion going

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<v Speaker 1>bundles plus up to thirty percent off ends April ninth,

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<v Speaker 1>so you got six days to take advantage of this.

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<v Speaker 1>So guys, if you'd like to learn more about Treasure

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<v Speaker 1>and their great hardware wallets, check out the link in

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<v Speaker 1>the description. All right, folks, we got some interesting updates

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<v Speaker 1>around Cardono. So Cardano's Foundation launches a quantum resistant, globally

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<v Speaker 1>interopperable digital identity platform, Ridian. This is interesting and notice

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<v Speaker 1>they said quantum resistant. So this is an open source

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<v Speaker 1>digital identity platform and it's intended for both individuals and organizations.

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<v Speaker 1>Varidian uses open source key event receipt infrastructure, decentralized ideas, entifiers,

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<v Speaker 1>an authentic chained data container, a lot of long words there,

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<v Speaker 1>credentials to verify identities and authenticate online communication. According to

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<v Speaker 1>a release shared with the block Launching alongside Veridian is

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<v Speaker 1>the Varidian wallet, which lets users manage their credentials, private keys,

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<v Speaker 1>and identifiers. Here's a quote. We believe your identity should

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<v Speaker 1>be your secure, authentic and under your control. Thomas A. Mayfield,

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<v Speaker 1>head of Decentralized Trusts and Identity Solutions, that the Cardina

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<v Speaker 1>Foundation told a block With Veridian, it is now possible

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<v Speaker 1>to build quantum resistant, globally interoperable in enterprise grade solutions

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<v Speaker 1>for individuals and organizations. Varidian competes with other blockchain based

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<v Speaker 1>digital identity projects such as whirl and Humanity Protocol, where

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<v Speaker 1>both platforms collect and individual's biometric data to prove their humanity. So,

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<v Speaker 1>just so you guys know, the Cardina Foundation helps support

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<v Speaker 1>the development of the Layer one blockchain Cardano. Varidian will

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<v Speaker 1>serve as an optimal trust layer for the Layer one blockchain,

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<v Speaker 1>so kind of like a Layer two or pseudo Layer two.

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<v Speaker 1>But guys, this is the future, and that is digital identity.

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<v Speaker 1>We've been talking about the token economy. I've been telling

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<v Speaker 1>you guys, they're going to put everything on the blockchain.

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<v Speaker 1>So will your ID is your passports, your driver's license,

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<v Speaker 1>all of that, and you won't have to carry multiple documents.

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<v Speaker 1>It will all be on a digital wallet and you'll

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<v Speaker 1>be able to access different things will be so seamless.

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<v Speaker 1>But of course, as they highlighted here, it has to

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<v Speaker 1>be quantum resistant. So as quantum computing gets more sophisticated

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<v Speaker 1>and it progresses to a point where it's a threat overall,

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<v Speaker 1>not just a crypto blockchain, but the financial system and

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<v Speaker 1>the way we've done things historically, this is where blockchains

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<v Speaker 1>are going to have to become quantum resistant, and the

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<v Speaker 1>developers and different folks are working on this, right because

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<v Speaker 1>remember you know, sometimes people say, oh, what if quantum

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<v Speaker 1>computer comes and shuts this down. Well, the same type

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<v Speaker 1>of computing power that is generating the quantum computing so

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<v Speaker 1>to speak, that's going to be used to run blockchain

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<v Speaker 1>validators and nodes and mining rigs and so forth. So

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<v Speaker 1>people sometimes put blinders on and it's like, oh my god, right,

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<v Speaker 1>it's as though the developers aren't actively using the same technology.

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<v Speaker 1>And look, if quantum computing is a threat, the last

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<v Speaker 1>thing I would be concerned about is blockchain. The banks

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<v Speaker 1>are going to be in trouble. Those are the institutions

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<v Speaker 1>that have all the money right and a custody of

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<v Speaker 1>a variety of assets, so that we would have bigger problems.

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<v Speaker 1>Right what if quantum shuts down our electricity grid or

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<v Speaker 1>this traffic lights and we would have bigger problems essentially

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<v Speaker 1>what I'm trying to say. But I think as the

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<v Speaker 1>technology quantum computing progresses, so will the infrastructure for blockchains

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<v Speaker 1>and the infrastructure that powers our society and how we

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<v Speaker 1>live and travel, and all these things will be upgraded

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<v Speaker 1>as well. So watch out for people who like to

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<v Speaker 1>fear monger and you know, oh my god, quantum is

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<v Speaker 1>going to destroy all these things. As though it's inlive

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<v Speaker 1>to like one source, it's not available in different places

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<v Speaker 1>where you can use the same technology. But I digress.

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<v Speaker 1>But big news here for Cardono. Now we've been talking

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<v Speaker 1>about Avalanche. They've been getting a lot of adoption guys,

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<v Speaker 1>and avax is a native token on Avalanche. I actually

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<v Speaker 1>hold a token in my portfolio. Will they twitted it out? Today?

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<v Speaker 1>A twenty trillion dollar global industry moves to Avalanche. Water WATR,

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<v Speaker 1>the blockchain infrastructure purpose built for a commodities market, is

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<v Speaker 1>migrating to avalanche layer one, bringing metals, minerals, food, and

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<v Speaker 1>fuel into a composable and programmable future. Guys, you know,

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<v Speaker 1>I've been saying NonStop the governments, the markets, and the

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<v Speaker 1>economy will run on blockchain. I'm not bullshitting you. They're

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<v Speaker 1>going to put it all there and blockchain is going

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<v Speaker 1>to power all these things. Guys. So this is why

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<v Speaker 1>this is an opportunity of your life. Now, We're still

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<v Speaker 1>so early, so they said. While massive in scale, the

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<v Speaker 1>commodities industry has yet to fully benefit from blockchain infrastructure

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<v Speaker 1>that can enhance liquidity, broaden access, and drive innovation. The

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<v Speaker 1>Water Protocol is building an on chain foundation to redefine

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<v Speaker 1>how commodities are financed, traded, and governed. Man, it's amazing

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<v Speaker 1>what is happening. And the majority of people in the

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<v Speaker 1>world are not paying attention. They're not doing their research,

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<v Speaker 1>they're not reading up on stuff like this and seeing

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<v Speaker 1>the big industries that are building. But this is the

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<v Speaker 1>nature of markets, right, and those who take the time

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<v Speaker 1>to pay attention are curious and go the next step

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<v Speaker 1>of researching and educating themselves and taking a position in

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<v Speaker 1>the market. Of course, will be rewarded Now some interesting

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<v Speaker 1>news coming out around Senator Ted Cruz. So he introduced

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<v Speaker 1>a bill to incentivize entrepreneurs to use wasted natural gas

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<v Speaker 1>to mind bigcoin. Now we know he's out of Texas.

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<v Speaker 1>There's a lot of bigcoin mining there. But what we're

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<v Speaker 1>seeing is that the use of wasted energy and blow

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<v Speaker 1>off energy is now being used to mind bigcoins. So

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<v Speaker 1>I think once they put it into a law that

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<v Speaker 1>these energy companies can do this, you're going to see

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<v Speaker 1>some of the biggest energy producers do this. And it

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<v Speaker 1>makes sense. They can monetize that wasted energy and use

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<v Speaker 1>it towards mining bitcoin. Fur their secure as a network

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<v Speaker 1>and they can get the monetization right, be able to

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<v Speaker 1>mine bitcoin, hold on to it if they want as

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<v Speaker 1>a reserve asset, or sell it. That's the great thing

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<v Speaker 1>about the decentralized network. Anybody can plug in in mind.

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<v Speaker 1>So really big here for the energy sector. And once

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<v Speaker 1>again things like this not getting mainstream coverage on CNN,

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<v Speaker 1>Fox and things like that. Right, majority of people are

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<v Speaker 1>hyper focused on tariffs, and don't get me wrong, it

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<v Speaker 1>is something we need to pay attention to. Or they're

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<v Speaker 1>hyper focused on celebrity news and this and that and

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<v Speaker 1>gossip instead of paying attention to what the hell is

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<v Speaker 1>happening here now final news which is really big in

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<v Speaker 1>my opinion, and former Binance CEO CZ tweeted out about it.

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<v Speaker 1>He said, Kyrgyzstan crypto adoption one country at a time

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<v Speaker 1>also brought a head of state on two x. So

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<v Speaker 1>Kyrgyz Steyan is adopting crypto guys. So head of the state,

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<v Speaker 1>I'm not even going to try to pronounce his name.

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<v Speaker 1>Sadir zaparov okay I butchered it, he says. A memorandum

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<v Speaker 1>of understanding has been signed between the National Investment Agency

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<v Speaker 1>under the President of the Kerg Republic and Chan Peng

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<v Speaker 1>Zhao CZI. In accordance with the memorandum, the parties intend

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<v Speaker 1>to cooperate in the development of the cryptocurrency and blockchain

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<v Speaker 1>technology ecosystem in the Kirg Republic. This includes providing infrastructural

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<v Speaker 1>technological support, technical expertise and consulting services on cryptocurrencies and

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<v Speaker 1>blockchain technologies, as well as implementing educational initiatives. Huge, guys,

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<v Speaker 1>it is a global movement adoptions happening all over the world.

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<v Speaker 1>Different countries are at different stages. Just the other day.

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<v Speaker 1>I think I acheed with you guys about a month ago.

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<v Speaker 1>Pakistan also, who was getting involved. You know, countries which

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<v Speaker 1>you think wouldn't necessarily be focused on things like that.

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<v Speaker 1>But this is the future and I think a lot

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<v Speaker 1>of these countries are recognizing it. And there's jobs here,

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<v Speaker 1>there's revenue here. But just you can't get left behind here.

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<v Speaker 1>You have to upgrade your systems and integrate blockchain in

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<v Speaker 1>different ways with the government, with the economy, with the markets. Right.

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<v Speaker 1>So it's amazing what's happening in and it's great to

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<v Speaker 1>see cz is offering some consulting here and helping to

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<v Speaker 1>boost crypto and blockchain adoption. So huge, huge news, folks,

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<v Speaker 1>that's the news. Let me know what you think. Leave

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<v Speaker 1>your thoughts and comments below hit the thumbs up button.

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<v Speaker 1>is by subscribing to my free email newsletter. It's one

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<v Speaker 1>hundred percent free. It's on substack linko being a description.

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<v Speaker 1>Check out my book on Amazon, it's available in paperback

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<v Speaker 1>and digital, and my new course at Mycrypto course dot com.

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<v Speaker 1>This is a comprehensive course that covers every aspect of crypto,

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<v Speaker 1>expand your crypto knowledge. Knowledge is power and discourse what

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<v Speaker 1>makes it unique and different from everything out there, Guys.

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<v Speaker 1>It features expert comment are from founders, CEOs, and institutional investors.

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<v Speaker 1>So if you'd like to learn more, go to Mycrypto

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<v Speaker 1>course dot com. Guys, thank you for watching and listening.

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<v Speaker 1>I appreciate you all, and I'll talk to you all

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<v Speaker 1>later