WEBVTT

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<v Speaker 1>I've got good news for you and bad news for you.

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<v Speaker 1>JP Morgan is tokenizing on the ethererem blockchain, and Visa

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<v Speaker 1>is forming a stable coin advisory group that includes banks

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<v Speaker 1>and much more. But Bitcoin is taking another pullback and

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<v Speaker 1>the market Structure bill will not be marked up in

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<v Speaker 1>twenty twenty five. I'll give it the details. Let's get

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<v Speaker 1>into it. Hey, folks, welcome into the Thinking Crypto podcast.

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<v Speaker 1>You're home for cryptocurrency news and interviews. I'm your host,

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<v Speaker 1>Tony Edward. On your way in, Please let that subscribe

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<v Speaker 1>button as well as the thumbsup button and leave a

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<v Speaker 1>comment below. If you're listening on a podcast platform such

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<v Speaker 1>as Spotify or Apple, please leave a five star rating

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<v Speaker 1>and review. Folks, Bitcoin taking another pullback, but it's along

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<v Speaker 1>the lines of one of the scenarios we talked about

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<v Speaker 1>over the past couple months, and that is we could

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<v Speaker 1>see a double bottom. So you know of this move

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<v Speaker 1>that we were seeing that looked like a VSH shape

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<v Speaker 1>recovery setting up higher highs and higher lows. If that failed,

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<v Speaker 1>it could be just a retest, and that's what it

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<v Speaker 1>looks like. Remember that bitcoin was extremely over sold, the

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<v Speaker 1>sentiment was in fear and the market always does the

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<v Speaker 1>opposite of the herd, So I think this is more

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<v Speaker 1>so of a retest and a double bottom, kind of

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<v Speaker 1>like what we saw earlier this year in about March

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<v Speaker 1>or so, we had a double bottom before we went

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<v Speaker 1>into the move to new all time highs. So again,

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<v Speaker 1>it's a patience game. I know it's tough, I know

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<v Speaker 1>it's painful, I know it's annoying, but this is the

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<v Speaker 1>market and we're going to have to deal with it.

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<v Speaker 1>But it's not only Big One that's taking a bit

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<v Speaker 1>of the pullback here. The stock market is as well,

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<v Speaker 1>so we're seeing weakness across the board. So we just

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<v Speaker 1>got to let this play out again. Like I said

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<v Speaker 1>yesterday's podcast, I'm not anticipating anything towards the end of

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<v Speaker 1>this year, folks, or this month at least, but rather

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<v Speaker 1>I think this theme starts to pick up in January

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<v Speaker 1>and February as liquidity starts making its way through the market.

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<v Speaker 1>We're also watching gold, right. Gold has been on the move.

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<v Speaker 1>It has not broken the all time high its set months,

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<v Speaker 1>but that's something we're gonna watch because what we've seen

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<v Speaker 1>is the rotation between these different assets. Right, because we've

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<v Speaker 1>been in a macro bull market. So if gold is

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<v Speaker 1>continuing its move, that's a very good sign for Bitcoin,

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<v Speaker 1>the stock market, and much more in addition to things

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<v Speaker 1>like silver. Silver hit a new all time high this week.

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<v Speaker 1>Right now it's pulling back because it's been overbought. But

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<v Speaker 1>these are all signs I'm looking at. And you know,

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<v Speaker 1>we got the Fed has started quantitative easing, that started

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<v Speaker 1>just Friday, So we got to be patient here and

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<v Speaker 1>let things play out. Here's something that Michael Vanderpope said,

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<v Speaker 1>and he is the founder of m N Fund. He said,

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<v Speaker 1>for the fourth time in history of bitcoin, the RSI

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<v Speaker 1>against gold is hitting less than thirty. The previous three

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<v Speaker 1>times this occurred was in the bottom of the twenty

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<v Speaker 1>fifteen bear market, the bottom of the twenty eighteen bear market,

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<v Speaker 1>and the bottom of the twenty twenty two bear market.

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<v Speaker 1>He said, It's not a guarantee, but it can clearly

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<v Speaker 1>say that one of the two is over valued to

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<v Speaker 1>the other. In this case, I think gold is overvalued

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<v Speaker 1>versus bitcoin, and that is a rotation on the horizon.

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<v Speaker 1>So again, remember I've been telling you guys, we're in

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<v Speaker 1>a macrobowl market for all assets. We're gonna see rotational liquidity.

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<v Speaker 1>He says the gap towards the twenty week moving average

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<v Speaker 1>is massive as well. History quite often doesn't repeat exactly,

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<v Speaker 1>but it rhymes and the data never lies. So I

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<v Speaker 1>absolutely agree with this, not because of feelings or emotions

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<v Speaker 1>or biased but rather the data. Right, what is the

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<v Speaker 1>data telling us? So one of the other things I've

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<v Speaker 1>been highlighting to you guys on the podcast in my

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<v Speaker 1>newsletter is that bitcoin whales are accumulating again. And in addition,

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<v Speaker 1>you know, we are expecting to see crypto companies do IPOs,

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<v Speaker 1>not just crypto companies, but tech companies in general do

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<v Speaker 1>IPOs in twenty twenty six. So what are they anticipating?

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<v Speaker 2>Right?

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<v Speaker 1>And look at this, I think this is telling We

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<v Speaker 1>know Donald Trump and his family are heavily involved in

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<v Speaker 1>crypto well, Trump backed American Bitcoin flips, pro Cap, in

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<v Speaker 1>bitcoin treasury race, so they continue to buy bitcoin and

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<v Speaker 1>mind bitcoin. So why are they doing that if the

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<v Speaker 1>price is going to tank again? Read between the lines, right,

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<v Speaker 1>And I'm not saying this one issue is you know

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<v Speaker 1>the bullmarket case. I think it's a combination of factors

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<v Speaker 1>that we got to look at. So Bitcoin's month long

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<v Speaker 1>slide hasn't stopped corporate treasury companies from accumulating the digital

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<v Speaker 1>asset with the Eric Trump backed American bitcoin overtaking pro

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<v Speaker 1>Cap Financial founded by entrepreneur Anthony Pompeliano in total bitcoin holdings,

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<v Speaker 1>so they now hold more than one thousand bitcoin. So

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<v Speaker 1>what the hell is going on here?

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<v Speaker 2>Guys? Why are they buying?

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<v Speaker 1>If we're headed into a bear market as summer saying it,

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<v Speaker 1>Bitcoin's headached down to Some people are saying seventy, some

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<v Speaker 1>people are saying fifty forty. I mean, the craziest numbers

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<v Speaker 1>out there, right, So what's happening here? And I pose

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<v Speaker 1>that question so that you guys can look at the

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<v Speaker 1>market holistically. Right, there are bearer signals on the charts.

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<v Speaker 1>We're not ignoring that. But then I look at the

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<v Speaker 1>macro and some of these fundamentals and I'm like, wait

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<v Speaker 1>a minute, something is something is different here this time around,

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<v Speaker 1>because last time you.

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<v Speaker 2>Didn't see companies doing this.

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<v Speaker 1>Right, last time, it was it the Fed said we're

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<v Speaker 1>headed into quantitative tightening, We're going to raise rates, and

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<v Speaker 1>then it was it party over, it collapses started, and

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<v Speaker 1>much more.

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<v Speaker 2>That's not what's happening here.

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<v Speaker 1>So this is where as a student of history and

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<v Speaker 1>what companies are doing in the macro and the FED

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<v Speaker 1>and these institutions, I'm looking at all these factors and

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<v Speaker 1>saying something is very different this time.

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<v Speaker 2>Now look at this news. This is massive.

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<v Speaker 1>So JP Morgan launches tokenize money market fund on etherorem

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<v Speaker 1>as Wall Street moves on chain.

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<v Speaker 2>This is huge.

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<v Speaker 1>And this follows just the news we saw on Friday

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<v Speaker 1>that JP Morgan was tokenizing Galaxy Digital's debt issuance on

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<v Speaker 1>the Salona blockchain. But we know JP Morgan has a

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<v Speaker 1>massive history with a theorem. They helped to fund the Etherorem,

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<v Speaker 1>they invested in Consensus, they were partner with Consensus. At

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<v Speaker 1>one point they had a forked Etherorem and had a

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<v Speaker 1>private version of it called Korum. I think it's now

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<v Speaker 1>called Connexus or something like that. So JP Morgan they

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<v Speaker 1>know what's going on, despite what Jamie Diamond was saying

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<v Speaker 1>all these years.

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<v Speaker 2>Right.

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<v Speaker 1>So JP Morgan Chase is launching its first tokenized money

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<v Speaker 1>market fund on ethereum dubbed my on chain net Yield

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<v Speaker 1>Fund or call mony mon Y, with an initial one

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<v Speaker 1>hundred million dollar investment. So money or money if you

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<v Speaker 1>want to say, it that way, allows investors to redeem

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<v Speaker 1>shares using cash or USDC, and aims to offer similar

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<v Speaker 1>benefits to traditional money market funds with added blockchain advantages. So, folks,

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<v Speaker 1>it's interesting we have this dichotomy, the most massive, massive

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<v Speaker 1>adoption of crypto, big guidance from the SEC, the OCC

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<v Speaker 1>and the CFDC, Yet price is not reacting right because

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<v Speaker 1>there's so much. It's not like there's just one item

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<v Speaker 1>or a couple. There are a lots man we saw.

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<v Speaker 1>I actually wrote about it in my newsletter today. Just

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<v Speaker 1>massive adoption, but price is not reflecting that. And it's

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<v Speaker 1>almost like someone's holding back the parabolic phase until these

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<v Speaker 1>big players take their positions right now that I could

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<v Speaker 1>be absolutely wrong, right, I always tell you guys, I'm

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<v Speaker 1>not here to claim that I know everything, but you know,

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<v Speaker 1>I try to follow my intuition and look at what

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<v Speaker 1>people are doing and then what's happening in the market

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<v Speaker 1>and the price action and all that. So it's just very,

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<v Speaker 1>very weird. But anyway, this is massive. I mean, this

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<v Speaker 1>is the king of the FIAT world JP Morgan, right,

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<v Speaker 1>They're king of the hill when it comes to the

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<v Speaker 1>banking world. So this is incredible adoption, and look, they're

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<v Speaker 1>building on public blockchains, so they've capitulated and everybody realizes

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<v Speaker 1>now you have to settle and that's where the liquidity

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<v Speaker 1>is on public blockchains.

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<v Speaker 2>Now look at this.

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<v Speaker 1>Hunter Horseley, CEO of bit Wise Asset Management, replied about

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<v Speaker 1>this news, saying, within twelve months crypto is going to

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<v Speaker 1>be integrated with all parts of financial services, a title

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<v Speaker 1>wave of substance and new players are coming. The gain

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<v Speaker 1>theories playing out here with these massive institutions. We're seeing

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<v Speaker 1>all the big banks right City, JP Morgan, all the

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<v Speaker 1>Wall Street firms are launching. Charles Schwab they're going to

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<v Speaker 1>be launching crypto trading in the first half of twenty

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<v Speaker 1>twenty six, and van k they just recently capitulated and

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<v Speaker 1>much more so. It is once again a very weird

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<v Speaker 1>dichotomy that's happening between adoption and the fundamentals and all

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<v Speaker 1>these things versus price.

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<v Speaker 2>Now, folks, this episode is brought to you by I Trust.

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<v Speaker 1>Capital, which allows you to buy and sell and trade

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<v Speaker 1>crypto as well as gold and silver in an IRA,

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<v Speaker 1>which gives you huge tax benefits. So that's the value

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<v Speaker 1>proposition here, folks. If you have a long term view

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<v Speaker 1>on crypto as well as precious metals. You can do

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<v Speaker 1>it via an IRA and you get those once again

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<v Speaker 1>tax benefits. And if you have an existing four to

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<v Speaker 1>one K or an IRA, you can roll them over

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<v Speaker 1>to this self directed IRA that I Trust Capital offers.

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<v Speaker 1>Not only that, folks, they have what's called a premium

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<v Speaker 1>custody account. Now I believe this is the second safest

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<v Speaker 1>way to custody your asset, first being self custody with

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<v Speaker 1>a hardware wallet. Now their premium custody accounts uses institutional

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<v Speaker 1>grade custodial services. So I'm talking coinbase Prime for deeli

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<v Speaker 1>digital assets, fireblocks, and this is what black Rock and

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<v Speaker 1>these major institutions are using, right, so you don't have

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<v Speaker 1>to worry. You can sleep at night that your assets

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<v Speaker 1>are safe. So this is an amazing, amazing way to

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<v Speaker 1>invest and custody your assets, right. And I know the

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<v Speaker 1>hardware wallet setup is not for everybody, and some people

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<v Speaker 1>are going to want to go to trusted institutions, while

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<v Speaker 1>I Trust Capital is using those trusted institutions as mentioned

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<v Speaker 1>big names that institutions are currently using. So again, great

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<v Speaker 1>no monthly fees and things like that. So check them out.

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<v Speaker 2>Guys.

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<v Speaker 1>I have an account with them, and if you use

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<v Speaker 1>my link you can get one hundred dollars funding bonus.

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<v Speaker 1>So visit the link in the description to learn more. Okay,

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<v Speaker 1>we got more news around banks. So Bank of America

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<v Speaker 1>says banks will move on chain over the next several years.

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<v Speaker 1>So we know this right, All the banks are going

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<v Speaker 1>to capitulate and adopt crypto. We've been beating the drama

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<v Speaker 1>about this for years that the future markets, economies, and

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<v Speaker 1>governments will all run on blockchain rails. And in fact,

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<v Speaker 1>today the NASDAC said they're ready to launch twenty three

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<v Speaker 1>hour trading, so they get everybody's trying to compete with

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<v Speaker 1>crypto right, because crypto is the first truly global market

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<v Speaker 1>that runs twenty four to seven, three hundred and sixty

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<v Speaker 1>five days. Here's some more bank news. Japan's SBI Holdings

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<v Speaker 1>and Startail Group signed an MoU to jointly develop a

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<v Speaker 1>regulated Yen denominated stable coin compliant with japan These financial regulations.

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<v Speaker 1>So the launching crypto trading, custody, tokenizing, launching stable coins,

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<v Speaker 1>and much more folks, So I hope you see the

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<v Speaker 1>direction to Puck is heading in here. It's amazing the adoption,

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<v Speaker 1>but you know, as mentioned earlier, it is crazy dichotomy

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<v Speaker 1>between the adoption we're seeing in price. I do believe

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<v Speaker 1>eventually the price will catch up. Is just a really

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<v Speaker 1>strange time in the market right now. Now look at

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<v Speaker 1>this news from one of the world's largest payments in

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<v Speaker 1>credit card companies, Visa launches stable Coins Advisory Practice to

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<v Speaker 1>keep up with crypto wave. What a headline, right, We

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<v Speaker 1>couldn't imagine this even just four years ago. So another

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<v Speaker 1>major financial institution is doubling down on stable coins and crypto.

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<v Speaker 1>This time it's Visa. The company announced on Monday the

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<v Speaker 1>launch of its stable Coins Advisory Practice, a service which

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<v Speaker 1>aims to add FinTechs, banks, and other businesses with their

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<v Speaker 1>strategy and implementation of stable coins. So all the credit

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<v Speaker 1>card companies are doing this right on end, the payment

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<v Speaker 1>companies for that matter. So you got MasterCard and American

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<v Speaker 1>Express and much more, and they're all in a race again,

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<v Speaker 1>Game three playing out here. No one wants to get

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<v Speaker 1>left behind, So all adopted in this technology, and it's

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<v Speaker 1>amazing to see what they're doing.

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<v Speaker 2>It's just incredible. You know.

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<v Speaker 1>I often tell people if you know someone who's a

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<v Speaker 1>skeptic about crypto or they're on the fence about crypto,

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<v Speaker 1>shared this news with them. It's not necessarily that they

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<v Speaker 1>have to invest in it, but they can go work

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<v Speaker 1>in the industry. They can become an entrepreneur and build

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<v Speaker 1>a company in the crypto industry. So this is I mean,

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<v Speaker 1>the biggest of the biggest names. Right, even the JP

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<v Speaker 1>Morgan news I covered just earlier. These are things you

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<v Speaker 1>got to send to the skeptics and the people who

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<v Speaker 1>don't understand what the hell is happening. Okay, moving ahead,

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<v Speaker 1>not so good news. So the Senate Banking Committee confirms

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<v Speaker 1>the Bitcoin and Crypto Market Structure Bill will not advance

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<v Speaker 1>in twenty twenty five. Markup now expected in early twenty

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<v Speaker 1>twenty six. So this is not good. We were hearing

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<v Speaker 1>a lot of talk about at least getting the markup done.

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<v Speaker 1>We realize it wouldn't pass. Just my timing perspective, and

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<v Speaker 1>not even the market's going to get done. You know,

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<v Speaker 1>I tweeted out about this saying, look, if they don't

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<v Speaker 1>get this pass in twenty twenty six, and right, now

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<v Speaker 1>is the top of the market, then we've been bamboozled.

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<v Speaker 1>We got rug pull right, so we got to keep

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<v Speaker 1>putting the pressure here. And look, I'm optimistic, but I'm

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<v Speaker 1>also you know, I'm keeping the receipts. We got to

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<v Speaker 1>watch as closely, right, So let's see how it plays out.

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<v Speaker 1>But maybe from a price action standpoint, this is a

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<v Speaker 1>good thing in a sense of don't have this bullish

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<v Speaker 1>news of making it through the different phases of the

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<v Speaker 1>process happen in a market downturn like we're in right now,

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<v Speaker 1>but rather it happens as the market isn't reversing and

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<v Speaker 1>going into strength. Look, I know it's semantics, but I

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<v Speaker 1>hope you guys understand it's that. This is why sometimes

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<v Speaker 1>people time news, you know, according to how the market's

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<v Speaker 1>playing ads. When the market's dumping, you lose attention. Look like,

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<v Speaker 1>for example, my views are down. A lot of people

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<v Speaker 1>are not paying attention to crypto right now because you know,

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<v Speaker 1>a lot of them are like, look, I don't want

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<v Speaker 1>to look at the prices.

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<v Speaker 2>I it's been down.

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<v Speaker 1>My portfolio is not doing anything. There's no action, right.

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<v Speaker 1>But when we are seeing price action, of course the

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<v Speaker 1>views go up. And the downloads go up, and that's

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<v Speaker 1>just the nature of things. And look, it's human psychology, right,

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<v Speaker 1>So I'm not complaining. I'm just giving you guys an

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<v Speaker 1>example of what's happening. So I again, like I said

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<v Speaker 1>at the beginning, I think January February, we're going to

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<v Speaker 1>start to see this market starry to pick up steam,

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<v Speaker 1>whether that's a relief rally or the move to.

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<v Speaker 2>New all time highs.

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<v Speaker 1>And you know, I'm hoping for the ladder that move

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<v Speaker 1>to new all time highs now. I SEC chair Paul

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<v Speaker 1>Atkins said the following Today at the Crypto Roundtable. He

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<v Speaker 1>says public blockchains are more transparent than any legacy financial

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<v Speaker 1>system ever built.

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<v Speaker 2>What a statement, Wow, wow wow.

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<v Speaker 1>And that's why JP Moore against building on Ethereum and

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<v Speaker 1>Salona and you know, all these big companies who are

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<v Speaker 1>once anti public blockchains try to create their own private

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<v Speaker 1>wall garden versions are now capitulating moving to public blockchains.

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<v Speaker 1>So I think Paul gets it, and you know, I

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<v Speaker 1>know the SEC is working on guidance. I'm trying to

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<v Speaker 1>get Cheer Atkins on the pod, but you know, obviously

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<v Speaker 1>he's very busy. He's hard to get so you know,

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<v Speaker 1>stay tuned. I'm gonna try to get him on there.

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<v Speaker 1>Look at this, Paypals submits an application to become a

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<v Speaker 1>US bank. So the reason why I'm sharing this with

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<v Speaker 1>you is the context, the backdrop of the occ just

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<v Speaker 1>giving these the bank charter trusts approvals to ripple Circle,

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<v Speaker 1>Pasos and these other companies big as well, and everybody

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<v Speaker 1>wants to become a bank now. But it makes sense

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<v Speaker 1>what PayPal is doing. And once again, PayPal has big

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<v Speaker 1>ties to crypto. They have the p y us the stablecoin.

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<v Speaker 1>They offer crypto trading not only on PayPal but Venmo.

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<v Speaker 1>And I'm going to try to get the crypto of

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<v Speaker 1>PayPal on in early twenty twenty six. And you know,

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<v Speaker 1>the most recent news I shared with you all was

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<v Speaker 1>YouTube adopting the pyusd stable coin for payouts. And I

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<v Speaker 1>told you guys, I was going to check that out

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<v Speaker 1>to see if that's actually working. But it's amazing, amazing,

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<v Speaker 1>what's happening now. Final news item, the CME group highlighted

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<v Speaker 1>the following spot quoted XRP and soule features are alive

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<v Speaker 1>and ready to trade. Trade this spot price you know,

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<v Speaker 1>on the a regulated US exchange with bite sized contracts.

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<v Speaker 2>And low margin.

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<v Speaker 1>So we're seeing all types of financial products being built

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<v Speaker 1>here for these assets. And I know some of you

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<v Speaker 1>are gonna say, tony futures are for shorting.

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<v Speaker 2>I know, I know, I know.

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<v Speaker 1>But the point is it adds balance to the market, right.

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<v Speaker 1>People can go along, they could go short all that stuff.

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<v Speaker 1>They can do spot, they can do futures, and I

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<v Speaker 1>know the futures. But the good thing is with this

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<v Speaker 1>asset class, it trades twenty four to seven. It's global,

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<v Speaker 1>so it's not one market can control, you know, everything,

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<v Speaker 1>kind of like the previous as sets and so forth.

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<v Speaker 1>It's everywhere right as far as distribution of these assets.

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<v Speaker 1>So again I'm hoping that this is all the setup of,

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<v Speaker 1>you know, a massive on wrap for.

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<v Speaker 2>A blow offf top.

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<v Speaker 1>The timing of that, boy, that is the big question, right,

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<v Speaker 1>And look it's I'm with you, guys. I am I

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<v Speaker 1>feeling a little bit frustrated. Sure, I have my portfolio,

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<v Speaker 1>I've shared my goals. I want to take profits. I'm

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<v Speaker 1>looking for higher prices. Of course, just like all of you,

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<v Speaker 1>I got skin in the game. Man, I'm not a

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<v Speaker 1>billionaire or anything like that. So I'm looking to you know,

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<v Speaker 1>make as much profits as possible. So folks, let me

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<v Speaker 1>know what you think about this news, especially the JP

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<v Speaker 1>Morgan news is just huge.

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<v Speaker 2>Man.

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<v Speaker 1>Leave your thoughts and comments below, hit the thumbs up

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<v Speaker 1>button subscribe if you haven't as yet. Folks, please support

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

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<v Speaker 1>on Substack. It is one hundred percent free. Link will

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<v Speaker 1>be in the description. Check out my book on Amazon,

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<v Speaker 1>it's available in paperback and digital, and my course at

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<v Speaker 1>mycrypto course dot com. This is a comprehensive course that

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<v Speaker 1>teaches you everything you need to know about cryptos. To

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<v Speaker 1>check it out to expand your knowledge and folks, I

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<v Speaker 1>appreciate you all, thank you for tuning in, and I'll

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<v Speaker 1>talk to you all later