WEBVTT

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<v Speaker 1>Bitcoin and all coins continue to struggle. Are we heading lower?

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<v Speaker 1>I want to share some charts and what I'm anticipating

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<v Speaker 1>as we head into January, and more companies are adding

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<v Speaker 1>bitcoin to their balance sheet and there are ETFs being

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<v Speaker 1>created around these things now. And we have a new

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<v Speaker 1>advisor to the Digital Assets Council who's joining David Sachs.

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<v Speaker 1>I'll tell you who it is. Let's get into it. Hey, everybody,

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<v Speaker 1>welcome into the Thinking Crypto podcast. You're home for cryptocurrency

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<v Speaker 1>news and interviews. I'm your host, Tony Edward. On your

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<v Speaker 1>way and please hit that subscribe button as well, so

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<v Speaker 1>thumbs up button and leave a comment below. If you're

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<v Speaker 1>listening on a podcast platform such as Spotify or Apple,

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<v Speaker 1>please leave a five star rating and review. Folks, it's

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<v Speaker 1>great to be back. As many of you know, my

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<v Speaker 1>grandfather passed away and it was a very difficult time

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<v Speaker 1>for me and my family and of course took time

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<v Speaker 1>to go to the funeral, spend time with the family,

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<v Speaker 1>mourn and grief and all that stuff. Guys, as I'm

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<v Speaker 1>sure many of you who've done with family members who

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<v Speaker 1>passed away, it's a tough time, especially when the holidays

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<v Speaker 1>so guys. My word of advice, you know, make sure

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<v Speaker 1>you tell the people you care about how much you

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<v Speaker 1>love them and give them a hug. And one of

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<v Speaker 1>my New Year's resolution is to spend more time with

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<v Speaker 1>my family and make sure that I do the things

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<v Speaker 1>I want to do with them, say the things I

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<v Speaker 1>want to say to them as well. So just think

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<v Speaker 1>of that, guys as you head into twenty twenty five.

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<v Speaker 1>Because life is short, folks, Let's talk about the markets.

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<v Speaker 1>Everyone is wondering when is Bitcoin going to move again?

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<v Speaker 1>Right now Bitcoin is below ninety six thousand again, and

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<v Speaker 1>of course the all coins are bleeding, they're struggling. But

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<v Speaker 1>this is normal. This is the market cycles playing out here,

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<v Speaker 1>both from a micro and a macro. There's nothing new

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<v Speaker 1>here per se. If it's your first go round in

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<v Speaker 1>the crypto market, then it's all new for you. But

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<v Speaker 1>if you've been here from multiple cycles, you've seen things

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<v Speaker 1>like this. So short term, what can we expect. I

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<v Speaker 1>personally think Bitcoin's going to go lower. I've been telling

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<v Speaker 1>you guys before even we had this correction, that Bitcoin

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<v Speaker 1>could go back down and test eighty eight k, even

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<v Speaker 1>eighty k before we bounce and go higher and lo

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<v Speaker 1>and behold that it's playing out, and I think Bitcoin

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<v Speaker 1>could go lower one of the Elliott wave as chart

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<v Speaker 1>analysis that was put together from fx Empire shows that

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<v Speaker 1>Wave four could take us to about eighty a K

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<v Speaker 1>or eighty seven thousand before we bounce, So that could

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<v Speaker 1>take us into January. So just be prepared. You have

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<v Speaker 1>to exercise patients here that this correction and then eventual

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<v Speaker 1>consolidation could take it straight into the middle of January. Now,

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<v Speaker 1>it doesn't have to play out like that. I'm not

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<v Speaker 1>saying this is a guarantee. I'm just saying I think

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<v Speaker 1>this has the higher probability of playing out and then

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<v Speaker 1>we see that balance and we start pumping again. So

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<v Speaker 1>just be prepared for that, guys. And if it bothers you,

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<v Speaker 1>you got to step away from the charts, right, don't

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<v Speaker 1>look at it every day, don't look at the price

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<v Speaker 1>every day, don't look at your folio every day. These

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<v Speaker 1>are things I personally exercise to help maintain my focus

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<v Speaker 1>and my mental health, right, because looking at your portfolio

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<v Speaker 1>and seeing a decline, especially with these very volatile moves

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<v Speaker 1>in the crypto market, can be a bit stomach churning, right,

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<v Speaker 1>And you're like, oh, no, that's it. I was looking

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<v Speaker 1>to make X amount of profits and so forth. But

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<v Speaker 1>as always, guys, we don't want to move by our emotions.

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<v Speaker 1>We want to move by the data. What is it

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<v Speaker 1>telling us? And some people are saying, hey, look a

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<v Speaker 1>cycle tops in, And as I've been telling you guys,

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<v Speaker 1>different metrics and signals and indicators are not showing that.

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<v Speaker 1>Like the picycle top indicator has not flash, it's actually

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<v Speaker 1>very far from signaling a top. The CBBI chart shows

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<v Speaker 1>us we are nowhere near the top now. I would

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<v Speaker 1>say we are about eighty percent near there, and what

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<v Speaker 1>we still have maybe about twenty percent left before we

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<v Speaker 1>hit that zone where the top flashes. Even the Bitcoin

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<v Speaker 1>monthly RSI is not near these zone or above eighty

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<v Speaker 1>where we've seen the top come in historically. And whales

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<v Speaker 1>continue to accumulate, so we're not seeing a major selloff.

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<v Speaker 1>There has been a small decline, but there hasn't been

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<v Speaker 1>any major pullbacks, which signals, oh no, the whales are selling.

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<v Speaker 1>So now we have to be aware of what's happening here.

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<v Speaker 1>And the bitcoin supply and exchanges continues to decline. So

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<v Speaker 1>all of these are great signs that the top is

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<v Speaker 1>not in and we are just experiencing a normal, healthy pullback.

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<v Speaker 1>And these are things that have took place in the

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<v Speaker 1>previous bull market cycles. I've been telling you guys about

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<v Speaker 1>December twenty twenty into January twenty twenty one. There was

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<v Speaker 1>a very steep correction there and then we started pumping,

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<v Speaker 1>you know, as we headed later into January. So something

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<v Speaker 1>similar is happening here. It's not going to be exact,

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<v Speaker 1>it's not going to be a carbon copy. But as always,

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<v Speaker 1>history doesn't repeat, but it does rhyme. So be patient

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<v Speaker 1>and like I said, walk away from the charts if

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<v Speaker 1>it's bothering you. Enjoy the holidays, right, and we're gonna

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<v Speaker 1>see the pump, next pump again, the next wave up.

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<v Speaker 1>But we gotta let this sentiment get reset. We got

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<v Speaker 1>to get the leverage flushed out, and then there's gonna

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<v Speaker 1>be a bit of fear, right, and then it's gonna

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<v Speaker 1>start ripping, and then we're gonna go back to greed.

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<v Speaker 1>Same story, different cycle. We've seen this time and time again.

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<v Speaker 1>So guys, I am still bullish. I still think we

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<v Speaker 1>have more upside to go. Twenty twenty five, though, is

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<v Speaker 1>the year we will see a top it's the four

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<v Speaker 1>year cycle playing out. I don't think it's as much

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<v Speaker 1>as the having as it is the presidential election cycle,

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<v Speaker 1>which global liquidity and MP two money supply follows. Because

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<v Speaker 1>the government's print more money, the incumbents try to print

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<v Speaker 1>more money, inject more liquidity to help them get re elected,

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<v Speaker 1>and all that jazz. So this is just once again

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<v Speaker 1>a very healthy pullback, and I'm going to look to

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<v Speaker 1>buy the dips where possible, not so much for Bitcoin

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<v Speaker 1>but for all coins, especially for those which have not

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<v Speaker 1>really rallied that hard yet, but they will eventually as

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<v Speaker 1>the liquidity cycles through the market. So that's where it's at. Guys.

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<v Speaker 1>I'm still bullish, but I think we got some more

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<v Speaker 1>downside here for Bitcoin and the all coins will bleed

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<v Speaker 1>as well, So just be prepared for that. Your portfolio

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<v Speaker 1>is going to swing back down a bit. But then

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<v Speaker 1>you know, once this thing finds its bottom here, it

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<v Speaker 1>will start balancing and we're going to see higher highs

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<v Speaker 1>and higher lows, So just be prepared, guys. Quick word

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<v Speaker 1>from our sponsor, and that is Uphold. Upholds a great

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<v Speaker 1>crypto platform I've been using since twenty eighteen. They have

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<v Speaker 1>three hundred plus cryptocurrencies, Bitcoin and all the top all coins.

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<v Speaker 1>They have a great app, they're easy to use. Best

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<v Speaker 1>of all guys, they don't commingle or lend out your

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<v Speaker 1>crypto assets. They are one hundred reserved and they have

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<v Speaker 1>a transparency report that you can take a look at.

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<v Speaker 1>They recently launch Uphold rewards where you can get up

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<v Speaker 1>to five point two five percent on stable coins. They

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<v Speaker 1>support USDC, PYUSD, They support r l USD. The r

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<v Speaker 1>l USD yield will be available in January and you

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<v Speaker 1>can get a lot of different perks and benefits. You

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<v Speaker 1>just have to check in once per month which your

135
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<v Speaker 1>Uphold app, deposit fifty dollars once per month, and trade

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<v Speaker 1>fifty dollars once per month. So it's a really great

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<v Speaker 1>offer and I will be using this and especially I

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<v Speaker 1>want to test out r l USD. But they support USDC,

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<v Speaker 1>PYUSD and other stable coins. So this is a great program.

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<v Speaker 1>So if you'd like to learn more, check out the

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<v Speaker 1>link in the description. Guys, check out this news. Cooler

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<v Speaker 1>Technology launches Bitcoin Treasury with twenty one million dollars purchase.

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<v Speaker 1>Remember when I was telling you, guys, this is not

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<v Speaker 1>a fad, This is a trend that's going to continue.

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<v Speaker 1>More companies are going to adopt bitcoin as their treasury

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<v Speaker 1>reserve asset, one to maintain their purchasing power for the

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<v Speaker 1>cash that's on their balance sheet. And two, if they're

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<v Speaker 1>a publicly traded company, they're going to see the benefits

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<v Speaker 1>same way micro Strategy did. Now, I don't expect them

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<v Speaker 1>to puff as well as micro Strategy, but they will

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<v Speaker 1>see some benefits and it's better than nothing, right, There's

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<v Speaker 1>dual benefits here for the stock as well as protecting

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<v Speaker 1>the cash in their balance sheet. So we are seeing

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<v Speaker 1>more and more companies in the United States and around

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<v Speaker 1>the world are adopting this strategy. So the publicly traded

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<v Speaker 1>company is the latest to adopt a bitcoin treasury, joining

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<v Speaker 1>a growing number of firms adding bitcoin to their balance sheet.

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<v Speaker 1>So really, really amazing. So according to a December twenty

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<v Speaker 1>sixth announcement, the purchase was made at an average price

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<v Speaker 1>of ninety six five and fifty six dollars per bitcoin.

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<v Speaker 1>Cooler said the acquisition is the first of several planned

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<v Speaker 1>purchases as part of a broader strategy to allocate up

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<v Speaker 1>to ninety percent of its surplus cash into bitcoin. Big

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<v Speaker 1>move guys, very very big move. And like I said,

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<v Speaker 1>this is only going to continue to grow. And while

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<v Speaker 1>we've had some news of micro strategies board saying or

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<v Speaker 1>the shareholder saying, no, we don't want to do this,

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<v Speaker 1>it's just a matter of time. It's not a matter

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<v Speaker 1>of if, it's just a matter of time. And here

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<v Speaker 1>Japanese public company Meta Planet, which has been really following

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<v Speaker 1>micro strategies game plan. They bought six hundred and nineteen

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<v Speaker 1>bitcoin for about nine point five billion yen, and we

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<v Speaker 1>got news that Rumble the video platform. They announced seven

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<v Speaker 1>hundred and seventy five million dollar investment into Tether. Michael

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<v Speaker 1>Sailor has also been talking to them about adding bitcoin

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<v Speaker 1>to their balance sheet. So guys see where we're headed here.

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<v Speaker 1>And if you guys recalled, there was a company I

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<v Speaker 1>forgot the name. They said they were going to buy

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<v Speaker 1>bitcoin and xrpeed. So eventually, as we have more clarity

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<v Speaker 1>around other assets, you're going to see, well some companies

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<v Speaker 1>have already added ethereum, but you're going to see other

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<v Speaker 1>assets being added to the balance sheet as well. So

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<v Speaker 1>that's why I've often said I'm bullish on this cycle,

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<v Speaker 1>but I'm also bullish on the next bull market of

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<v Speaker 1>twenty twenty eight. So I have my strategy of taking

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<v Speaker 1>some of the profits I make in in this bull

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<v Speaker 1>market and reinvesting it in the bloody bear market and

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<v Speaker 1>prepare for the next cycle up. So I hope you

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<v Speaker 1>see the macro vial of this and where it's headed.

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<v Speaker 1>This is not stopping and some of the accounting rules,

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<v Speaker 1>like the fast b accounting rules make it easy for

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<v Speaker 1>companies to do this now. So things are moving in

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<v Speaker 1>the right direction. And here Bitwise Asset Management recognizes this

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<v Speaker 1>and they're creating an ETF around this. So Bitwise files

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<v Speaker 1>for a Bitcoin Standard Corporations ETF with own stocks of

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<v Speaker 1>companies that have adopted the Bitcoin standard, which they define

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<v Speaker 1>as holding at least one thousand bitcoin in corporate treasury.

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<v Speaker 1>So once again, this thing is not slowing down. This

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<v Speaker 1>will continue to grow and as inflation continues to be

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<v Speaker 1>an issue, and as the business cycle with high rates

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<v Speaker 1>and look, I know the FED is cutting rates, but

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<v Speaker 1>rates are still relatively high and they're going to start

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<v Speaker 1>printing money again. It's going to take some time for

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<v Speaker 1>those things to ramp up. And bonds are not doing

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<v Speaker 1>as well, and crypto bitcoin is certainly a big option

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<v Speaker 1>to help not only maintain the purchasing power of your

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<v Speaker 1>balance sheet, but also grow the value because the bitcoin's

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<v Speaker 1>appreciating at a rapid pace. So, guys, incredible stuff. Now

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<v Speaker 1>let's move ahead. We got news here that bo Hines

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<v Speaker 1>has been named Executive Director of the Presidential Council of

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<v Speaker 1>Advisors for Digital Assets the Crypto Council, by Donald Trump.

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<v Speaker 1>Dan Spuller of the Blockchain Association said bo is a

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<v Speaker 1>steadfast ally of the crypto industry. During his visit to

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<v Speaker 1>the Blockchain Association headquarters earlier this year, we were impressed

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<v Speaker 1>by his deep understanding of crypto bitcoin and his commitment

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<v Speaker 1>to fostering innovation. In his new role, alongside David Sachs,

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<v Speaker 1>bo will help solidify digital assets as a cornerstone of

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<v Speaker 1>America's technological feature. We couldn't ask for a better advocate.

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<v Speaker 1>Wishing him great success. So we continue to see, oh,

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<v Speaker 1>crypto officials and representatives being put into the upcoming Trump administration. So, guys,

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<v Speaker 1>twenty twenty five is going to be bullish. I know

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<v Speaker 1>the price right now. Everybody's like, oh no, the price

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<v Speaker 1>is now, But you got to look at the macro

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<v Speaker 1>and that's what I try to share here on this podcast.

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<v Speaker 1>The macro is so important. Don't get lost in the

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<v Speaker 1>micro of the hourly, daily, weekly, even some parts of

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<v Speaker 1>the monthly right where things are just not going well

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<v Speaker 1>from a price standpoint, but that's just market cycles. The

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<v Speaker 1>United States is being set up here to embrace crypto entirely,

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<v Speaker 1>pro crypto President, procrypto Congress and all these different advocates

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<v Speaker 1>in the White House and in different parts of the government.

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<v Speaker 1>Plus you're going to see I think the Crypto Fit

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<v Speaker 1>twenty one bill make it through the Senate next year,

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<v Speaker 1>stable cooin legislation, all of these things, and of course

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<v Speaker 1>you have all the institutional players here. So things are

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<v Speaker 1>aligning up very nicely. Now. Crypto dot which is one

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<v Speaker 1>of the top crypto exchanges in the world, they have

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<v Speaker 1>launched their own US trust company, crypto dot Com Custody

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<v Speaker 1>Trust Co. So they received a trust company charter in

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<v Speaker 1>the United States. That's a very positive sign. And we

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<v Speaker 1>continue to see the race for crypto heating up. All

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<v Speaker 1>these exchanges and companies are expanding globally, getting licenses, making acquisitions,

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<v Speaker 1>launching new services. They wouldn't be doing this if they

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<v Speaker 1>didn't see where we're headed, right, because they are companies

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<v Speaker 1>that are trying to make as much money as possible

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<v Speaker 1>and be as profitable as possible. So when I see

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<v Speaker 1>things like this, it's really bullish because they're not just

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<v Speaker 1>waking up and saying, oh, let's just go do this.

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<v Speaker 1>They're studying the market, they're seeing the adoption, they see

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<v Speaker 1>what's on the horizon, and everybody is trying to grab

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<v Speaker 1>as much market share as possible. So very very bullish news.

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<v Speaker 1>All right, folks, that's the news. Let me know what

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<v Speaker 1>you think. Leave your thoughts and comments below. The way

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<v Speaker 1>you can support me in the podcast is by signing

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<v Speaker 1>up for my free newsletter. It's one hundred free link

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<v Speaker 1>wi being a description. Also, grab a copy of my book,

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<v Speaker 1>Rethinking Crypto. It's available on Amazon and paperback in digital.

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<v Speaker 1>Buy a copy for yourself, Buy a few copies for

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<v Speaker 1>your friends and family, give them as a gift so

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<v Speaker 1>that they can learn about crypto so they don't get wrecked.

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<v Speaker 1>Knowledge is power. And if you bought a copy ready,

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<v Speaker 1>please leave a rating and review. It will really help

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<v Speaker 1>me out. Thank you guys so much 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