Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please hit that subscribe button as
Speaker 1: well as the thumbs up button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Okay, folks,
Speaker 1: we got to start with Bitcoin because we had a
Speaker 1: little bit of a pullback. Bitcoin currently trading at ninety two,
Speaker 1: five hundred and twenty one dollars. Nothing to be concerned about.
Speaker 1: We are still forming higher highs and higher lows as
Speaker 1: we continue to work our way out of the correction
Speaker 1: we've been in since Q four. Now, of course, the
Speaker 1: narratives are going to be attached to the price, right
Speaker 1: narrative followers price. We got some tariff war fears continuing
Speaker 1: between US and EU, things we've seen before, but I
Speaker 1: don't believe it's at the critical level where markets are
Speaker 1: all going to dump right now, though gold and silver
Speaker 1: are ripping, Gold hitting new all time highs and silver
Speaker 1: as well. It's pretty wild, but like I said, for Bitcoin,
Speaker 1: we're just forming higher highs and higher lows. You know,
Speaker 1: credible Crypto Great Analysts shared a chart showing he was
Speaker 1: actually anticipating this pullback, and he's saying that, you know,
Speaker 1: we could see a pullback between the zone of eighty
Speaker 1: nine thousand two ninety two thousand, so we may find
Speaker 1: a bottom there and then continue. The big question is,
Speaker 1: you know, the rally that has started but and will continue.
Speaker 1: Is that just simply a dead cat balance that will
Speaker 1: roll over into a bear market to new lows or
Speaker 1: is this a move to new all time highs? And
Speaker 1: that's the big question everyone has. However, a very great
Speaker 1: sign that we've seen that has preceded previous bull market
Speaker 1: rallies are big whales are continuing to accumulate. So large
Speaker 1: bitcoin holders buy the most coins since the FTX collapse
Speaker 1: of twenty twenty two. That's pretty significant, folks. All the
Speaker 1: distribution we saw last year, now we're seeing a high
Speaker 1: volume of accumulation that is at the FTX collapse level
Speaker 1: back in twenty twenty two, which was the bottom of
Speaker 1: the bear market. That's pretty significant, and I think we
Speaker 1: can rule this out. So let me give you some details. So,
Speaker 1: over the past thirty days, entities holding between ten to
Speaker 1: one thousand bitcoin commonly referred to as fish to Shark cohort,
Speaker 1: have accumulated approximately one hundred and ten thousand bitcoin according
Speaker 1: to Glass Note that's the largest such increase since bitcoin
Speaker 1: fell to the fifteen thousand dollars area just three years ago.
Speaker 1: This renewed accumulation has occurred as bitcoin remained stuck in
Speaker 1: tight range, roughly twenty five percent below its October record high,
Speaker 1: though also about fifteen percent above its November low of
Speaker 1: around eighty thousand dollars. So the fish to Shark cohort
Speaker 1: think high net worth individuals, trading desks and some institutional
Speaker 1: sized entities now control nearly six point six million coins,
Speaker 1: up from about six point four million two months ago. Now,
Speaker 1: I've been sharing data from six stimate which also validates this, guys, right,
Speaker 1: I've been highlighting it over the past few weeks. Also,
Speaker 1: I've been putting the charts in my newsletter, so data
Speaker 1: from sentiments showing whalle it's with ten or more bitcoin
Speaker 1: and even going up to about ten thousand coins have
Speaker 1: been accumulating. Debde on the rise and again this has
Speaker 1: driven price. Historically, we've seen crashes throughout this market or
Speaker 1: this bull market, and as the whales started accumulating, the
Speaker 1: price went up. You know, one of the things I
Speaker 1: was highlighting is that they were distributing back in Q
Speaker 1: four and then towards the end of December they paused
Speaker 1: and then they started accumulating since then, So data from
Speaker 1: multiple sources are confirming the whales are accumulating. What do
Speaker 1: you think is going to happen? Folks? And you know,
Speaker 1: we've been tracking USDT dominance which was breaking down, and
Speaker 1: obviously right now it's rising a bit with this mini
Speaker 1: sell off, but I believe that the trajectory is down.
Speaker 1: I think it's going to continue to go down. But look,
Speaker 1: we're gonna have to wait and see. I don't know
Speaker 1: what truck is going to throw into the mix. More terrorists,
Speaker 1: more this and that that could drive the market's nuts.
Speaker 1: We've seen this before. We just got to get through
Speaker 1: it and be patient. Now, speaking of Trump, Animoka's Yat
Speaker 1: Sue says Crypto's Trump moment is over now. Many of
Speaker 1: you may recall I've interviewed Yatsu a couple of times.
Speaker 1: He's the founder and CEO of Animoka Brands, which is
Speaker 1: over in Hong Kong. They're a massive fund that is
Speaker 1: investing in Web three and crypto. So as twenty twenty
Speaker 1: five progressed, the crypto market realized that political expectations tied
Speaker 1: to Donald Trump's presidency we're not materializing, leading to a
Speaker 1: shift in focus towards structural changes. Yat Sue, co founder
Speaker 1: of Animocha Brands, highlights the growing influence of institutional capital
Speaker 1: in crypto markets, likening bitcoin to a reserve asset akin
Speaker 1: to gold. Sue argues that the convergence of crypto and
Speaker 1: AI is reshaping the financial landscape, with Hong Kong position
Speaker 1: as a key hub for this technological evolution. So he's
Speaker 1: essentially saying, look, the narratives going to shift away from Trump,
Speaker 1: which I think is a very good thing. It should
Speaker 1: not be tied to a president or political figure, right.
Speaker 1: Obviously it made sense that it was initially tied to
Speaker 1: it because Donald Trump came in and issued and ordered
Speaker 1: to change right to get rid of Gary Ginster and
Speaker 1: all these folks and the attack on crypto. So certainly
Speaker 1: thankful for that right, because we wouldn't have the crypto
Speaker 1: friendly environment you know that we have now without Donald Trump. However,
Speaker 1: I keep it real with you guys, as an independent
Speaker 1: I have no dog in the fight, right, so it's
Speaker 1: easy for me to look at things and call things
Speaker 1: as they are. I can say what's right and what's wrong. Well,
Speaker 1: you know, people in either camp, they can't do that.
Speaker 1: They must say everything is right, it's you know, it's crazy.
Speaker 1: But anyway, this is the world we live in. But
Speaker 1: you know, Trump then launched terrorists that crash markets, delayed liquidity,
Speaker 1: and much more so, he launched his main coin, which
Speaker 1: I believe was a very bad idea, and I think
Speaker 1: that really stole a lot of credibility from the market
Speaker 1: and stole liquidity from all coins as well. But I digress.
Speaker 1: We're getting crypto legislation through and we are of course
Speaker 1: in the process of getting market structure going. But I
Speaker 1: agree with yet here the narrative is starting to shift,
Speaker 1: which is great. We need people to not focus on
Speaker 1: Trump because if we're looking for adoption, it needs to
Speaker 1: move away from political figures and so forth, and it
Speaker 1: needs to focus on the building again, the technology, the adoption,
Speaker 1: how it makes things better for people and much more so.
Speaker 1: I think that that change is happening, and hopefully once
Speaker 1: the market Structure bill is done here in the United States,
Speaker 1: we can not have to look towards Trump or the
Speaker 1: administration and any political figure for that matter. But rather
Speaker 1: let's start building. Let's get more capital to come in
Speaker 1: and much more. Okay, folks, this episode is brought to
Speaker 1: you by Treasure. Treasure makes beautiful hardware wilets then make
Speaker 1: it easy for you to safely self custom to your assets.
Speaker 1: I'm a user of the Treasure devices. I use the
Speaker 1: Treasure Save five and the Treasures are Saved seven. They
Speaker 1: have top of the line security. Their new device, the
Speaker 1: Treasure is Saved seven is quantum ready has the top
Speaker 1: level security with an updated chip and much more. And folks,
Speaker 1: they were the ones who started all this. They created
Speaker 1: the hardware, the first hardware wallet and the seed phrase setup,
Speaker 1: so they have an incredible pedigree. And folks, the device
Speaker 1: is the code is open source, so anyone can view
Speaker 1: the code out there. It's on GitHub and so forth,
Speaker 1: so that's how much they trust what they've built. And
Speaker 1: Treasures devices support all the major coins Bitcoin, xrp Ethereum, Solana, Cardano,
Speaker 1: and go on, so on and so forth, right and
Speaker 1: even new tokens. They also have a great software called
Speaker 1: Treasure Suite which helps you to easily manage your assets
Speaker 1: within the app on mobile as well as desktop. You
Speaker 1: can buy and sell and so forth. They even have
Speaker 1: a handholding service, so if you buy the device, you
Speaker 1: can also get these handholding service to talk to a
Speaker 1: Treasure rep to help you set it up. And don't worry,
Speaker 1: they don't ask you for your private keys. So Treasure
Speaker 1: once again great devices. They're just beautiful, easy to use,
Speaker 1: and once again, I'm a user, so I can vouch
Speaker 1: it is. So if you'd like to learn more about Treasure,
Speaker 1: please check out the link in the description and you
Speaker 1: can use my code thinking Crypto all one where Thinking
Speaker 1: Crypto to get five percent off your purchase. Okay, folks,
Speaker 1: look at this news. Wall Street integration will power cryptos.
Speaker 1: Next phase says fidelity digital assets. So with Wall Street
Speaker 1: coming in, they're building a lot of the infrastructure. Now,
Speaker 1: don't get me wrong, there are crypto native companies doing that,
Speaker 1: but Wall Street, you know, they have a lot of
Speaker 1: experience in different areas. They build a lot of the
Speaker 1: infrastructure for the tradfi assets like stocks and equities and
Speaker 1: so on and so forth, and now they're going to
Speaker 1: help to do that for crypto. So digital assets are
Speaker 1: nearing a structural inflection point similar to the shipping container's
Speaker 1: impact on global trade. Institutional adoption is expanding through custody derivatives, tokenization,
Speaker 1: and slow moving capital pools like pensions and endowments. According
Speaker 1: to Fidelity Digital Assets, Chris Cooper, wealth advisors could become
Speaker 1: a major, underestimated source of long term demand as crypto
Speaker 1: access broadens. He said, So, folks, again, the infrastructure being
Speaker 1: set up here, the white glove service, the insurance, the assurance,
Speaker 1: the things we've talked about for years, and I believe
Speaker 1: once the Crypto Market Structure Bill is passed, we're going
Speaker 1: to see an explosion of innovation in building. I've often
Speaker 1: talked about mergers and acquisitions there. You know, there's going
Speaker 1: to be a lot of tradifi companies looking to acquire
Speaker 1: crypto companies and vice versa. So things are really going
Speaker 1: to take off. The ball is rolling. I think everybody
Speaker 1: recognizes that this is the future. This asset class is
Speaker 1: here to state. The technology is clearly going to power
Speaker 1: the markets, the governments, and the economies moving forward. So
Speaker 1: all of these Wall Street banks and institutions are all
Speaker 1: setting up and we've seen it. Black Rock State Street, Fidelity, Franklin,
Speaker 1: Templeton and much more. And most recently, you know, you
Speaker 1: had the big capitulation Morgan, Stanley and Vanguard. So even
Speaker 1: the naysayers, the people who were hesitant, they were sitting
Speaker 1: on the fence, they are all in now, all right,
Speaker 1: moving ahead. Ethereum daily transactions searge to all time high
Speaker 1: as gas fees fall to record lows. So this is
Speaker 1: really great news and I'm hoping that this could help
Speaker 1: contribute to Etherorem doing a major move following Bitcoin, of course,
Speaker 1: and depending on if Bitcoin hits new highs or you know,
Speaker 1: it just does a debt cat bounce. But we know
Speaker 1: all coins are going to follow, and we need Etherrem
Speaker 1: to do well for the all coin market. I don't
Speaker 1: make the rules. This is not an emotional take. It's
Speaker 1: just how we've seen the market run. And there's a
Speaker 1: lot of coins that are built on Etherorem's blockchain that
Speaker 1: use the EVM and much more so. The fact that
Speaker 1: eth is seeing this type of activity is very good.
Speaker 1: It's I think one of the contributing factors to price appreciation.
Speaker 1: So the seven day moving average of transactions on Etherorem
Speaker 1: is nearing two point five million a record high that's
Speaker 1: nearly doubled its value from one year ago. Average gas
Speaker 1: fees have dropped to fifteen cents per the block's data,
Speaker 1: the lowest in the network's recent history. Stable Coin transfers
Speaker 1: now account for thirty to forty five percent of all
Speaker 1: etherorem transactions, according to Standard Charter. The December twenty twenty
Speaker 1: five Fudsaka upgrade, which introduced peer das and expanded blob capacity,
Speaker 1: has driven down Layer two costs, while a doubling of
Speaker 1: Ethereum's gas limit has helped keep mainnet fees low. Very
Speaker 1: great news here, folks. Again, this can contribute. It's one
Speaker 1: of the factors that can contribute to Etheroreum really doing well.
Speaker 1: And we want to see that with the rotation of
Speaker 1: liquidity from Bitcoin down to ethan the rest of the
Speaker 1: all coin markets, right, you have the rotation into the
Speaker 1: large cap, midcaps, small caps and so forth. So we've
Speaker 1: talked a lot about these things, and you know, these
Speaker 1: are things that you want to see in and it's
Speaker 1: very good. It's setting against setting the table for a
Speaker 1: big move all right. Final news item, Throve Markets announces
Speaker 1: sudden pivot to Solana hours before token is set to
Speaker 1: go live, so throw Markets one week after raising eleven
Speaker 1: point five million dollars and a public token sale to
Speaker 1: build a decentralized perpetuals exchange for collectibles on hyper liquid,
Speaker 1: announced Sunday it's pivoting to Solana. Pseudononymous team member Unwise
Speaker 1: blamed the move on a liquidity partner losing faith in
Speaker 1: the project. Unwise said the team will now be rebuilding
Speaker 1: the PERP decks on Solana from the ground up, garnering
Speaker 1: scorn from critics. The token generation event for the Throve
Speaker 1: token was rescheduled from Sunday at seven pm UTC to
Speaker 1: nine pm, then moved to Monday at four pm UTC.
Speaker 1: So this is interesting, and look, Solon is getting a
Speaker 1: lot of adoption folks, most recently just big, big things happening.
Speaker 1: It's pretty incredible, and you know, it looks like it's
Speaker 1: going to continue to get more adoption and do well
Speaker 1: price wise. Its chart still looks very bullish. There's a
Speaker 1: lot of ETFs out there now, so I do whole
Speaker 1: Solona in my portfolio and I am bullish on it.
Speaker 1: So it looks like it's going to be one of
Speaker 1: the big winners coming out of this bullmarket. Now, it
Speaker 1: won't be the only winner. You know, we just talked
Speaker 1: about the theorem. I believe XRP is going to be
Speaker 1: a big winner as well. So we got to be patient.
Speaker 1: We've got to go through the volatility, right. Volatility is
Speaker 1: par for the course, and hopefully we you know, find
Speaker 1: some real strength and liquidity soon and we see some
Speaker 1: parabolic move I don't think it's far away, but you know,
Speaker 1: just be prepared. You know, when you see the volatility,
Speaker 1: just accept it, just accept don't fight it, just accept it,
Speaker 1: and you could use it to your advantage, you know,
Speaker 1: if you swing trade, not leverage, swing trade from a
Speaker 1: spot trading perspective, and it could give you some great
Speaker 1: dip buying opportunities as well. Not financial advice, do your
Speaker 1: own researcher, of course, So learn to embrace the volatility, folks. Anyway, folks,
Speaker 1: that's the news. Let's let me know what you think.
Speaker 1: Leave your thoughts and comments below, hit the thumbs up
Speaker 1: button subscribe if you haven't as yet, Please support the
Speaker 1: podcast by subscribing to my free email newsletter. It is
Speaker 1: one hundred percent free. Link will be in a description.
Speaker 1: Check out my book on Amazon. It's available in paperback,
Speaker 1: in digital, and my course at mycrypto course dot com.
Speaker 1: This is a comprehensive course that teaches you everything you
Speaker 1: need to know about crypto folks, thank you so much
Speaker 1: for tuning in. I appreciate you all, and I'll talk
Speaker 1: to you all later