Speaker 1: Hey, everybody. Welcome into the Thinking Crypto podcast, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: I want to talk a bit about Bitcoin's price and
Speaker 1: what we may see happen next, in addition the rotation
Speaker 1: of liquidity from gold over to bitcoin. And this should
Speaker 1: come as no surprise because what I've been sharing with
Speaker 1: you guys is the macro thesis of we are in
Speaker 1: able market for all assets. We're in the everything bubble.
Speaker 1: I've been talking about there for the past two years. Right.
Speaker 1: This is all following global liquidity. So it includes real estate,
Speaker 1: crypto stocks, and precious metals. And what we've seen lately
Speaker 1: is not only gold taking off, but silver. Right. So
Speaker 1: clearly the data shows, right if you go back and
Speaker 1: look at the data over the past two years, that
Speaker 1: all these things are going to hire valuation and it's
Speaker 1: all following once again, global liquidity. So right now Bitcoin
Speaker 1: an update from yesterday's podcast has dropped below the two
Speaker 1: hundred day moving average. That's the bullmarket line in the sand.
Speaker 1: I've often stated, if we are comfortably above that, we
Speaker 1: are in a bullmarket. When we are below it in
Speaker 1: a down trend, we're in a bear market. Now we've
Speaker 1: seen throughout this bull market that bitcoin has dipped below
Speaker 1: but recovered. So what we want to see, folks, is
Speaker 1: Bitcoin recover out of here. The good thing is that
Speaker 1: the RSI is at below thirty five. In fact, it
Speaker 1: went below thirty four today on the daily chart. Now
Speaker 1: it could go below thirty because we actually saw that
Speaker 1: earlier this year with the tariff sell off right where
Speaker 1: everyone was panicking and selling, and that drop was bigger,
Speaker 1: and it happened over a longer timeframe of months, and
Speaker 1: you know, people were like, oh my god, that's it.
Speaker 1: Trump crashed the markets and so forth right. I think
Speaker 1: a lot of people don't actually remember because they wouldn't
Speaker 1: be freaked out as much about what's happening now. So
Speaker 1: on the daily the macdi shows the bears are losing
Speaker 1: some momentum. The macdee went from solid red to light red.
Speaker 1: So if you know this metric and this signal, you
Speaker 1: know that when you're solid, that's a very strong indicator.
Speaker 1: When we're getting lighter, that's a weaker indicator. So we're
Speaker 1: seeing some positive signs here, but we're not out of
Speaker 1: the woods yet, absolutely not right. So I'm not saying
Speaker 1: the bottom is in. That's not what I'm saying. I'm
Speaker 1: saying we're close to it and we have to give
Speaker 1: it time and let it play out. And then for
Speaker 1: Bitcoin on the monthly chart, the bulls are still in control.
Speaker 1: So that's one thing that's a big factor as to
Speaker 1: why I think this bull market is not over. In addition,
Speaker 1: October usually is a green month the year following a
Speaker 1: bitcoin having, so we had the bitcoin having last year
Speaker 1: twenty twenty four, and the data shows us that October's
Speaker 1: are usually good. So could October recover It's possible, but
Speaker 1: it's not guaranteed. So here analyst Crypto currently said rough
Speaker 1: first half of October for bitcoin, especially when compared to
Speaker 1: previous posts having years like twenty thirteen, twenty seventeen, and
Speaker 1: twenty twenty one. Bitcoin can still turn things around here,
Speaker 1: but we really want to see that start to happen soon.
Speaker 1: So again, with the bitcoin being in the over soul zone,
Speaker 1: bears losing some momentum on the daily chart. We'll have
Speaker 1: to wait and see, but again not guaranteed. But let's
Speaker 1: see if in another week's time bitcoin bottoms out and
Speaker 1: then starts moving up. Right now, we're at negative six
Speaker 1: point two percent or six point zero two percent, so
Speaker 1: let's see what happens now. The other factor I've been
Speaker 1: highlighting as to why this doesn't feel like the top
Speaker 1: like the market top is the bitcoin dominance. It has
Speaker 1: not waterfall or collapse like we've seen before, and right
Speaker 1: now it's actually moving back up, so that makes sense.
Speaker 1: It is slowly but surely creeping its way back up.
Speaker 1: So where's that big collapse? Right? Where is it? It's
Speaker 1: not like the previous market cycles, and the sentiment doesn't
Speaker 1: match this. Please tell me which bull market ends in fear.
Speaker 1: It's not like that at all. And not to mention,
Speaker 1: you have gold ripping right now and we're going to
Speaker 1: get to gold, so let me not get ahead of myself.
Speaker 1: But USDT dominance, the stable coin dominance that is also
Speaker 1: not collapsed like we've seen before. So why is this
Speaker 1: all of a sudden? You know something people are calling
Speaker 1: the toss because they see certain things on the weekly
Speaker 1: chart and so forth. But you've got to balance all
Speaker 1: these data points. And like I said, I'm not saying
Speaker 1: the bear case, there's not a bear case. There is
Speaker 1: a bearcase, but I believe the higher probability is on
Speaker 1: the bull side because of the macro factors, the unchained factors,
Speaker 1: and the chart factors. You got people using charts saying
Speaker 1: the top is in. You can't just use one factor, right,
Speaker 1: So I hope you understand what I'm trying to share
Speaker 1: here and why I'm looking at this market from a
Speaker 1: three to sixty point of view using multiple data points.
Speaker 1: So bitcoin dominance has not dropped like before. USDT dominance
Speaker 1: has not dropped before. And what we're seeing is that
Speaker 1: tether they're minting. So today we had another billion, and
Speaker 1: USD team minted. On October fifteenth we had a billion,
Speaker 1: and October thirteenth we had a billion, So three billion
Speaker 1: over the past week or so, and I expect this
Speaker 1: to continue. And look, there's also other stable coins, but
Speaker 1: we use each other as the main benchmark. So that
Speaker 1: liquidity we know is going to make its way into
Speaker 1: the market. And now jumping to the goal conversation, so
Speaker 1: global liquidity as I've been telling you guys, is the
Speaker 1: leading indicator here, and it's one factor, but when you
Speaker 1: put it together with the other factors I just shared,
Speaker 1: it's showing there's more upside, and gold is following that,
Speaker 1: and bitcoin was following that. But slow down a bit.
Speaker 1: But we've seen these deviations throughout the bull market. It's
Speaker 1: not a perfect, you know, tick for tick. It's more directional.
Speaker 1: We know that. Hey, if this is showing there's more upside,
Speaker 1: regardless of the short term volatility, we're going to catch up.
Speaker 1: So gold has been going parabolic, right, guys. But right
Speaker 1: now it's actually pulling back a bit, and which I
Speaker 1: think is healthy because holy how it is overbought on
Speaker 1: the daily chart. If you go look at the RSI
Speaker 1: metric for gold throughout its bull market cycle, there's never
Speaker 1: been an RSI period extended like this. So it is
Speaker 1: so overheated, folks, It is insane how overheated it is.
Speaker 1: The RSI has been you know, hitting the nineties and
Speaker 1: in the eighties, and usually you're in the overbought zone
Speaker 1: as soon as you cross seventy, right, So this is
Speaker 1: pretty wild. But hey, let's see, it may have more upside,
Speaker 1: but this right, here is a parabolic euphoria move and
Speaker 1: we're seeing retail lining up. There's people sharing on social
Speaker 1: media across the world. People are lining up to buy gold.
Speaker 1: So when have you seen stuff like that? Right? Usually
Speaker 1: you see it for stocks and crypto, but it's on
Speaker 1: the internet. But people actually lining up, that is a
Speaker 1: top signal. You've got to understand when normis the retail
Speaker 1: folks are lining up like this and you know we
Speaker 1: can eat, go buy gold when it's been pumping like crazy,
Speaker 1: going parabolic, that's a top signal. So I love the
Speaker 1: breakdown that Crypto currently gave because he highlighted over the
Speaker 1: past two years the correlation between gold and bitcoin and
Speaker 1: when gold pump and cool down, bitcoin ran and vice versa.
Speaker 1: So that correlation. This is the data now, No feelings,
Speaker 1: are emotions, no bias here, This is just the data.
Speaker 1: Go line up the charts yourself on Trading View and
Speaker 1: you see they each have their turn. Right. I've often
Speaker 1: said every asset has its day in the sun here
Speaker 1: and there's rotation of liquidity. How many times have we
Speaker 1: talked about that? So I believe with gold making its
Speaker 1: move here and it's showing there's still life in this
Speaker 1: macro bull market that I believe it's going to cool
Speaker 1: down and then crypto and stocks are going to run again. Guys.
Speaker 1: That has a strong possibility of playing out because of
Speaker 1: how we've seen it run over the past couple of years.
Speaker 1: So this is something a lot of people are sharing.
Speaker 1: And look, it can't be the only factor again, because
Speaker 1: some people only show this and say, see, bull market's
Speaker 1: not over. But no, tell me what's happening on the
Speaker 1: bitcoin multi chart. Tell me what's happening with the RSI.
Speaker 1: Tell me what the whales are doing when on chain
Speaker 1: data right, Tell me about bitcoin dominance, USDT dominance, like
Speaker 1: all the things I just shared with you. Tell me
Speaker 1: what's happening with sentiment. So this is why we need
Speaker 1: to look at multiple factors and not to mention. The FED,
Speaker 1: as we've been highlighting, is on the path to ramp
Speaker 1: down QT, which means QE is going to return and
Speaker 1: they're cutting rates. So all of these macro factors are
Speaker 1: bullish for the markets. It's just in the short term
Speaker 1: now it's very volatile and painful. Look, I get it,
Speaker 1: my bags are down to guys, right, but I hope
Speaker 1: you know me by now. I try to remain even
Speaker 1: keel and level headed and look at the data. And
Speaker 1: as I was telling you guys earlier this year in
Speaker 1: the tariff crash, the data is just screaming to me
Speaker 1: it's not over. Now. Could everything I say here be
Speaker 1: invalidated by another black swan event? Of course, of course, guys.
Speaker 1: And you know, like I said at the beginning, if
Speaker 1: Bitcoin continues breaking down and it doesn't recover to the
Speaker 1: two hundred day moving average, that's bear market city. We're
Speaker 1: on that train to bear market City. But it hasn't
Speaker 1: done yet yet, right, And these signals are saying over bought,
Speaker 1: so it can't keep going down. There's going to be
Speaker 1: a floor, if you know what I mean. So this
Speaker 1: is where guys, we have to be smart and look
Speaker 1: at the data and be patient as well. And I
Speaker 1: think global liquidity and what gold is doing and what
Speaker 1: the normy retail people are doing with gold is a
Speaker 1: positive sign for the rest of the markets. Now, folks,
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Speaker 1: look at this news. Richest YouTube star mister Beasts is
Speaker 1: firm files for a trademark with crypto ambitions. So we
Speaker 1: know mister Beasts the largest YouTuber. I watch his content.
Speaker 1: He does some pretty cool stuff and it looks like
Speaker 1: he's going to dabble in Web three and it makes sense, right,
Speaker 1: we see the direction to puck his heading in everybody's
Speaker 1: going to integrate blockchain in one form of the other.
Speaker 1: So let me give it to details Beast holdings tied
Speaker 1: to YouTube personality. Mister Beast has filed a trademark application
Speaker 1: for mister Beasts Financial with Crypto linked services. The application
Speaker 1: includes language related to crypto and Web three, such as
Speaker 1: managing financial services, downloadable software and SaaS tools for managing
Speaker 1: crypto related functionality. The move hints at a potential push
Speaker 1: into fintech and Web three, possible targeting mister Bees's massive
Speaker 1: audience and could serve as a crypto on rep or exchange.
Speaker 1: Some more details here is that the application includes services
Speaker 1: like cryptocurrency payment processing, crypto exchange, and trading through a
Speaker 1: decentralized exchange also known as a dex. So this would
Speaker 1: be a smart move for mister Bees if he creates
Speaker 1: some sort of app where he's able to offer a
Speaker 1: token or NFTs but also allow people to buy crypto.
Speaker 1: Right now, we'll have to see all the details, right,
Speaker 1: don't trust We get to verify, right, We've got to
Speaker 1: make sure that this is going to be built well
Speaker 1: and with security in mind, and much more. But if
Speaker 1: this is what he's doing, he's going to bring in millions,
Speaker 1: potentially billions of people into Web three guys. And it
Speaker 1: doesn't necessarily have to be folks buying crypto, but even
Speaker 1: if they're using NFTs or they're using blockchain in different
Speaker 1: ways with rewards, tokens and things like that, that is
Speaker 1: something that's going to bring more people on chain, get
Speaker 1: them more comfortable with using crypto related wallets, understanding blockchain
Speaker 1: and cryptography and tokenization, and much more. So on. Social
Speaker 1: media users are speculating mister Bees could be planning a
Speaker 1: cryptocurrency exchange or crypto linked neo bank. I think it's
Speaker 1: more of the latter. It's like more of a neo bank.
Speaker 1: I don't think he's gonna go straight up this is
Speaker 1: my crypto app, but you know it's gonna be tied
Speaker 1: into his YouTube channel and brand where you can probably
Speaker 1: buy his merchandise, his chocolates and things that he makes,
Speaker 1: but also do cool things where we'll with rewards and
Speaker 1: we'll see who he partners with. I don't believe he's
Speaker 1: gonna be building this some scratch. It makes sense if
Speaker 1: he partners with an existing infrastructure, right, like a coinbase
Speaker 1: or like a PayPal or something, right, a company that
Speaker 1: has these things already in place. So let's see this.
Speaker 1: Whoever gets the partnership, I mean it's gonna be huge,
Speaker 1: and mister Bees's brand is huge, guys. I mean, I
Speaker 1: don't think I need to tell you all about that.
Speaker 1: If you don't know who mister Bass, then you have
Speaker 1: been sleeping under a rock or something. But this would
Speaker 1: be a massive on ramp. So very bullish news here.
Speaker 1: Now look at this news and this may be a
Speaker 1: bit controversial because it touches a bit of politics and media,
Speaker 1: but I'm here to report the news, so don't shoot
Speaker 1: the messengers. Newsmax stock ticks higher amid plans to establish
Speaker 1: a five million dollar crypto treasury with Trump token and bitcoin. Now,
Speaker 1: I'm okay with bitcoin, right and the other assets e
Speaker 1: theorem ICs repy the Trump token. I don't like that.
Speaker 1: I've told you guys from day one, no president, Democrat, Republican,
Speaker 1: independent should have a token, should have a meme coin.
Speaker 1: So I'm not a believer in that. But I do
Speaker 1: appreciate Trump being procrypto obviously, but I don't like that token.
Speaker 1: But look, the treasury move continues, more companies buying and
Speaker 1: putting assets on their balance sheet. Guys, this is bullish,
Speaker 1: and again, as I said in yesterday's podcast, regardless of
Speaker 1: if you like these companies or not, that doesn't matter.
Speaker 1: What matters. They're buying the assets you're holding, creating a
Speaker 1: more of a supplying demand economic shock, and they're putting
Speaker 1: the news out in the public, so pumping you know,
Speaker 1: the token and things like that. So let's ride the
Speaker 1: wave that. I'm okay, you guys, keep buying but you know,
Speaker 1: one of the things I said, I don't know how
Speaker 1: many of these companies survive the bear market. So this
Speaker 1: is why we want to make sure we take into
Speaker 1: profits as we head to that blow off top folks.
Speaker 1: And speaking of folks that are bullish, Charles Schwab CEO
Speaker 1: Rick Worster remains bullish on crypto exchange traded products talking
Speaker 1: about ETFs, stating that the asset manager's clients own twenty
Speaker 1: percent of all crypto ETPs in the country. Crypto ETPs
Speaker 1: have been very active, he said on CNBC on Friday,
Speaker 1: noting that visits to the company's crypto site have gone
Speaker 1: up ninety percent in the past year. Of course, so
Speaker 1: all of Wall Street is capitulating, bending the knee, even Vanguard.
Speaker 1: Remember the guys who were trashing crypto and eat yes
Speaker 1: and so forth. Now, oh yeah, we're gonna listen, We're
Speaker 1: gonna add it. Right, they all got to bend to
Speaker 1: the folks. So Schwab currently offers crypto et aps and
Speaker 1: bitcoin futures and plans to offer crypto spot trading to
Speaker 1: its clients in twenty twenty six. So this will be
Speaker 1: a huge on wrap guys. And guess what all Wall
Speaker 1: Street's gonna do this, right, We've seen it with other
Speaker 1: asset classes. It's not a matter of if, it's just
Speaker 1: a matter of when, and they're gonna. I think many
Speaker 1: of them are waiting for, like the Clarity Act to pass,
Speaker 1: the Market Structure Bill to do more. That's from what
Speaker 1: I've heard from interviewing people and even off the record conversations.
Speaker 1: Obviously I can't tell you who, but you know, from
Speaker 1: very credible folks, and they're just waiting. They they're like, hey, look,
Speaker 1: we're doing some research, you know, testing the waters, you know, internally,
Speaker 1: but we can't put out certain things yet because you know,
Speaker 1: our legal team is saying, wait, wait for legislation, because
Speaker 1: until it's a matter of principle, until it's in stone
Speaker 1: that has been passed into law by Congress and not
Speaker 1: let's say, an executive order by President Trump, because if
Speaker 1: it's just an executive order and a new president in
Speaker 1: four years or whatever can reverse that. But if Congress
Speaker 1: passes it, it's a done deal, baby, right. So they
Speaker 1: that's what they're waiting for. And it's amazing to see
Speaker 1: what is happening and who's getting involved. Now. Final news
Speaker 1: item here, Robin hood tokenizes nearly five hundred US stocks
Speaker 1: ETFs on Arbitram for EU users. Now, many of you
Speaker 1: may recall my interview with Vlad Tenev from earlier this
Speaker 1: year in August actually, and we talked a bit about this.
Speaker 1: If you haven't seen that interview, check it out, folks.
Speaker 1: And you know, they chose Arbitram, the ethereum layer two
Speaker 1: to tokenize, and they're all on board. They see what's coming,
Speaker 1: and they're trying to beat a lot of the other
Speaker 1: Wall Street firms, and they're doing it globally. So Robinhoods
Speaker 1: has expanded its tokenization initiative on the Arbitram blockchain, deploying
Speaker 1: eighty new stock tokens in the past few days and
Speaker 1: bringing the total number of tokenized assets close to five hundred.
Speaker 1: According to the data from Doune Analytics, robin Head has
Speaker 1: tokenized four hundred and ninety three assets with a total
Speaker 1: value exceeding eight point five million dollars. Cumulative mint volume
Speaker 1: has surpassed nineteen point three million, offset by around eleven
Speaker 1: point five million in burning activity, signaling a growing but
Speaker 1: actively traded market. So guys, I mean, we know this
Speaker 1: is just going to continue to expand and they're not
Speaker 1: the only one we know kracking. Even Galaxy Wee Bowl
Speaker 1: and a whole bunch of other folks are looking to
Speaker 1: do the same. And again they're doing this globally, right,
Speaker 1: So it's this is a tokenization race. It's amazing to
Speaker 1: watch all this play out. And like I said, you
Speaker 1: want to look at the blockchains that are being used,
Speaker 1: so arbitrump, you may want to get grabbed the arb token.
Speaker 1: Not financial advice, do your research now. Personally, I'm not
Speaker 1: because i believe at this stage in the market, I'm
Speaker 1: not buying I will be buying in the bear market.
Speaker 1: So maybe I'll look at arbitraum. I'll let you guys know, right,
Speaker 1: we'll see what else is happening on arbitrum. And if
Speaker 1: robinhood is just using arbitrum as a testing ground, but
Speaker 1: they decide to build their own layer to any theorem
Speaker 1: or whatever else. Right, So these are the things we
Speaker 1: have to consider, and you know, do our due diligence, right,
Speaker 1: So we don't just fomo in because of a headline,
Speaker 1: but we have to take the time to do the research.
Speaker 1: And you know, I always share with you guys the
Speaker 1: different factors I'm looking at when I'm investing in a
Speaker 1: blockchain or a token. So I hope you understand what
Speaker 1: I'm saying here, and now we'll continue this journey, folks.
Speaker 1: Ari folks. If you appreciated the content, please please subscribe
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Speaker 1: book on Amazon's available in paperback in digital, and my
Speaker 1: course at Mycrypto course dot com. This is a comprehensive
Speaker 1: course that teaches you everything about crypto, so once again,
Speaker 1: go to Mycrypto course dot com. Folks, thank you so
Speaker 1: much for watching and listening. I appreciate you all in
Speaker 1: I'll talk to you all later. M mm hmmmm