WEBVTT

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<v Speaker 1>New Hampshire becomes the first state to pass a bigcoin

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<v Speaker 1>reserve bill. This is huge and historic. I'll give you

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<v Speaker 1>all the details. And it was chaos at the crypto

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<v Speaker 1>hearing today with Congress. I'll share what happened and who

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<v Speaker 1>walked out and all the craziness that took place. Let's

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<v Speaker 1>get into it. Hey, everybody, 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 a thumbs up button and leave

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

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

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<v Speaker 1>rating and review. Folks. Tomorrow, we are going to hear

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<v Speaker 1>from the FED if they are going to cut rights.

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<v Speaker 1>Right now, the markets are anticipating there will be no

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<v Speaker 1>ray cut. But could we get surprised by the Fed.

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<v Speaker 1>It's a possibility, but you know, we'll have to wait

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<v Speaker 1>and see. But the other factor that I'm more curious

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<v Speaker 1>about is if Jerome Powell's signals the end of because

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<v Speaker 1>the last meeting he said that they were ramping down

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<v Speaker 1>quantitative tightening. They dropped it by eighty percent. And you

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<v Speaker 1>know all the things that they do there, and as

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<v Speaker 1>we've been talking about for the past two to three years,

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<v Speaker 1>we are on the path to quantitative easing where they

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<v Speaker 1>are going to be supporting the markets, buying securities, printing money. Again,

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<v Speaker 1>that is the status quo. They can't escape from it.

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<v Speaker 1>Congress wants what is it, six trillion dollars, they're raising

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<v Speaker 1>the debt ceiling. How do you pay for all that?

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<v Speaker 1>We know how the story ends, and that is quantitative easing, folks.

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<v Speaker 1>So it's just a matter of hearing this or getting

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<v Speaker 1>the signal from Jerome Powell, because if he simply signals

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<v Speaker 1>that qt's wrapping up and they're going to start quantitative

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<v Speaker 1>easing sometime this year, that's all the markets need to hear.

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<v Speaker 1>Because the markets are forward looking and they know more money,

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<v Speaker 1>more liquidity is coming. And we've been tracking global liquidity

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<v Speaker 1>and that has been on the rise, and we see

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<v Speaker 1>bitcoin in the stock market and all these assets are

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<v Speaker 1>moving with it. So tomorrow's a big day and expect volatility.

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<v Speaker 1>By the way, as usually in any week, there's a

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<v Speaker 1>FED announcement, ors FED meeting. What's interesting and shout out

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<v Speaker 1>to Marty Party on X here he highlighted that the

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<v Speaker 1>FED has started to do some stealth QI. So Janet Yellen,

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<v Speaker 1>when she was in office with the Biden administration, was

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<v Speaker 1>doing a bit of this backdooring liquidity and much more

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<v Speaker 1>from the Treasury. And Marty provided the following Treasury news breakdown,

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<v Speaker 1>and he said, today the US Treasury auctioned three year

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<v Speaker 1>treasury bonds. They tried to sell one hundred and fifty

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<v Speaker 1>billion dollars but only sold seventy eight billion. Look at

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<v Speaker 1>the FED line item sooma or SOMA. This is the

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<v Speaker 1>FED buying twenty billion themselves. So notice the Fed going back.

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<v Speaker 2>To buying some of these things supporting you know, it's

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<v Speaker 2>not making the big headlines. It's not the official quantitative

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<v Speaker 2>easing headlined. We're printing money, we're doing stimulus, right, but

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<v Speaker 2>backdooring it. So all of this is going to contribute

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<v Speaker 2>to global liquidity rising, which results in higher prices for assets.

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<v Speaker 2>So I like what I'm seeing here. So this timeline

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<v Speaker 2>or these activities, and maybe we hear something tomorrow aligns

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<v Speaker 2>with the bullmarket continuing, folks, So just be prepared. And

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<v Speaker 2>we see today bitcoin was actually moving up. It's currently

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<v Speaker 2>over ninety seven thousand dollars. Let's see if this continues.

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<v Speaker 2>But I can't really judge.

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<v Speaker 1>Anything this week because once again a lot of volatility

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<v Speaker 1>anytime you have announcements with the Fed. Now, folks, we

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<v Speaker 1>had some of the most bullish news today. New Hampshire

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<v Speaker 1>becomes the first state to pass a strategic bitcoin reserve

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<v Speaker 1>bill into law. This is a landmark win, folks, incredible.

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<v Speaker 1>We've been tracking different states, some have rejected, some have delayed.

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<v Speaker 1>Recently we reported on Arizona's governor not a fan of

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<v Speaker 1>what was happening here, I'm looking to stop the bill.

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<v Speaker 1>But we got the first state. And as I always

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<v Speaker 1>tell you, guys, it just takes one state to move

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<v Speaker 1>and then the rest will follows will follow because game

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<v Speaker 1>theory is going to play out. So of course, this

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<v Speaker 1>gives the state the ability to establish a Bitcoin and

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<v Speaker 1>digital assets reserve fund and they can buy the assets

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<v Speaker 1>directly or through an ETF. So incredible stuff. And I'm

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<v Speaker 1>going to have Dennis Porter from this Atoshi Action Fund

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<v Speaker 1>on the podcast tomorrow because he's the one that's been

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<v Speaker 1>working with the different states across the nation to try

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<v Speaker 1>to get this done. So this is a huge win.

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<v Speaker 1>And recently I mentioned in one of my podcasts that

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<v Speaker 1>even if none of these states approved this year, the

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<v Speaker 1>fact that we got this far along in the process,

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<v Speaker 1>where the states got it through their House and their Senate,

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<v Speaker 1>so to speak, right their whole legislative process, is a

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<v Speaker 1>huge victory. It got further than expected. And that also

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<v Speaker 1>there was a likelihood that one or two states would

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<v Speaker 1>get this done because on the federal level, the government

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<v Speaker 1>is looking to establish a strategic bitcoin reserve. Trump signed

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<v Speaker 1>the executive order, right, so things are moving in the

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<v Speaker 1>right direction here, guys. And as always, it starts a

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<v Speaker 1>bitcoin and they will eventually make their way to all coins.

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<v Speaker 1>We're seeing it on the ETF front and other fronts

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<v Speaker 1>as well. So this is this is just amazing. It's

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<v Speaker 1>essentially the nation's first bitcoin and digital assets reserve fund.

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<v Speaker 1>Because on the federal level, they're still looking for revenue

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<v Speaker 1>neutral ways to do this where it doesn't affect the taxpayers.

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<v Speaker 1>They don't use taxpayer money to pay for this. But

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<v Speaker 1>on the state level it's a bit different. And you know,

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<v Speaker 1>as we've been talking about, bitcoin and crypto are the

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<v Speaker 1>fastest horse in the race. They're going to help the

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<v Speaker 1>state pensions and investment funds to be able to grow

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<v Speaker 1>you know, in value and wealth of course, and that

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<v Speaker 1>will work out well locally. So this is incredible news, guys.

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<v Speaker 1>I hope you realize how significant this is. And here's

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<v Speaker 1>just a photo of the New Hampshire Governor, Kelly A.

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<v Speaker 1>Yote from saying that right she officially signed a bill

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<v Speaker 1>into law. And it's just, I mean, just amazing stuff here.

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<v Speaker 1>This is historic, guys. Historic. Now when we look at

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<v Speaker 1>the tracker as far as which states are in the lead,

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<v Speaker 1>so obviously New Hampshire they have enacted it. Arizona is

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<v Speaker 1>one step away from this being enacted. North Carolina is

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<v Speaker 1>two steps away, and then we also have Texas is

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<v Speaker 1>two steps away. In Alabama is about three steps away.

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<v Speaker 1>So these are the states that are in the lead

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<v Speaker 1>essentially to get this done. And I think the fact

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<v Speaker 1>that New Hampshire got it done it's going to make

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<v Speaker 1>it easier for the other states to follow suit because

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<v Speaker 1>you have a clear leader in the space and no

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<v Speaker 1>one wants to get left behind and game theory, you

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<v Speaker 1>guys know, I've talked about that at nauseam. But I

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<v Speaker 1>hope you understand how significant this is. And we continue

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<v Speaker 1>to see more buying a bitcoin from the ETF issuers,

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<v Speaker 1>so black rocks. Ibit took in another half a billion

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<v Speaker 1>dollars yesterday into their ETF of course, extending inflow streak

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<v Speaker 1>to fifteen days and is now the sixth in year

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<v Speaker 1>to date flows, passing Gold, which is notable because ibid

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<v Speaker 1>is only up four percent versus gold having the run

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<v Speaker 1>of its life. Aric Balchunis of Bloomberg says, to take

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<v Speaker 1>in more cash in that scenario is a really good

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<v Speaker 1>sign for long term and inspires confidence in our call

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<v Speaker 1>that bitcoin ets will have triple goals au M in

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<v Speaker 1>three to five years. So this is incredible what's happening.

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<v Speaker 1>And as more states past the bitcoin reserve, guess where

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<v Speaker 1>they're most likely going to buy their bitcoin from the

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<v Speaker 1>ETFs and who's going to be at the top of

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<v Speaker 1>this black rock? See how this is all playing out

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<v Speaker 1>the Wall Street takeover here. So this is why I'm

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<v Speaker 1>bullish on bitcoin long term as a store of value

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<v Speaker 1>digital goal. There's some bitcoin I'm never selling. I've often

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<v Speaker 1>said I'm going to hand it down to my daughter.

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<v Speaker 1>There will be some I'm taking profits on this cycle,

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<v Speaker 1>of course, because first and foremost I need to make

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<v Speaker 1>sure my financial situation is in a good place right,

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<v Speaker 1>expanding my retirement, paying off debt, and having more financial freedom.

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<v Speaker 1>So that's number one. And I'm going to rinse and

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<v Speaker 1>repeak for the different bullmarket cycles, this bullmarket and then

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<v Speaker 1>the next bullmarket of twenty twenty eight into twenty thirty.

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<v Speaker 1>So I'm preparing to squeeze as much juice out of

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<v Speaker 1>this orange as possible now, folks quickly from our sponsor,

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<v Speaker 1>and sustainable. Some of the brands they work with include BMW, Walmart, China, PwC, Jivonchi,

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<v Speaker 1>Boston Consulting Group, and they are even partnered with Dana

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<v Speaker 1>White and the UFC to do some great things when

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<v Speaker 1>I'm a VET token holder, I have been since twenty

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<v Speaker 1>eighteen I'm bullish on this project. So if you'd like

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<v Speaker 1>The link will be in the description. Now, folks, today

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<v Speaker 1>it was chaos on Capitol Hill as a crypto hearing

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<v Speaker 1>in the House just got derailed by some top Democrats,

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<v Speaker 1>including Maxine Waters, who you can see the photo here,

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<v Speaker 1>walked out and her and some other Democrats also did

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<v Speaker 1>the same thing. And the House Committee on Agriculture it's

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<v Speaker 1>a Republican committee, tweeted out while Maxine Waters rushed out

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<v Speaker 1>the door. Adults remain in the room, Republicans and Democrats

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<v Speaker 1>working together on bipartisan efforts to bring clarity to the

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<v Speaker 1>digital asset space. Now, not all Democrats left, but obviously

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<v Speaker 1>Maxine Waters left, and she actually had folks go to

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<v Speaker 1>another hearing that was talking about Trump's crypto corruption. So

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<v Speaker 1>they're really using Trump's businesses in crypto like we're liberty,

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<v Speaker 1>financial and much more to go against Trump. So it's

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<v Speaker 1>getting nasty here, and this is I hate politics and

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<v Speaker 1>I hate stuff like this, and I hope they are

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<v Speaker 1>able to get this done, folks, because we need the legislation,

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<v Speaker 1>We need the regulation done so that the industry can

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<v Speaker 1>have the clarity, but also consumers can be protected. If

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<v Speaker 1>we don't do that, a lot of people are going

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<v Speaker 1>to have issues. We could have another FTX problem. Right.

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<v Speaker 1>You need the regulators to have the guardrails. You need

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<v Speaker 1>the crypto companies to know who to go to, who

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<v Speaker 1>to plug into, and have full transparency and oversight because

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<v Speaker 1>we can't have CELSIS and FTX and all these things happen.

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<v Speaker 1>We need the right things to happen, and obviously we

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<v Speaker 1>want innovation to flourish as well. So this is getting

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<v Speaker 1>really really nasty. It's a mess. And there's even a

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<v Speaker 1>clip of one Congressman just not even adhering to the

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<v Speaker 1>rules and Representative Brian Style, who I've had on the podcast.

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<v Speaker 1>You know, he had to correct Congressman and it was

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<v Speaker 1>just really hard to watch. But you know, hopefully they

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<v Speaker 1>can get some sort of resolution here and we can

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<v Speaker 1>move forward now. Mike Belshie, founder and CEO Bitgo, who

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<v Speaker 1>I've had on the podcast many times, and I'm a

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<v Speaker 1>big fan of Mike's. He's a Web one point zero

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<v Speaker 1>guy and worked at Google on Chrome and much more,

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<v Speaker 1>and obviously here building one of the biggest crypto companies.

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<v Speaker 1>It's a huge crypto custodian, he tweeted out this morning

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<v Speaker 1>heading out of DC this morning after dinner with Donald

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<v Speaker 1>Trump last night. We've had a wave of strong wins

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<v Speaker 1>for the crypto industry already this year thanks to his leadership,

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<v Speaker 1>and we've put America back into the leadership role for

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<v Speaker 1>the future of finance and capital markets. There is more

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<v Speaker 1>work to do, and this week we are calling on

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<v Speaker 1>Congress to continue to support for crypto by passing the

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<v Speaker 1>Genius Act, which brings clarity to business, safety to users,

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<v Speaker 1>and strengthens the dollar globally. This is a unanimously positive

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<v Speaker 1>bill for crypto voters, and crypto voters will remember your support. Aditionally,

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<v Speaker 1>yesterday brought our first updated look at the Market Structure Bill,

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<v Speaker 1>which we hope will ultimately pass. This here also, it's

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<v Speaker 1>time to biddle with confidence and safety. So great to

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<v Speaker 1>see that these CEOs and founders are engaging with Donald

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<v Speaker 1>Trump and the members of the federal government to try

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<v Speaker 1>to get all these things done, and we absolutely need

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<v Speaker 1>the engagement there. Now, speaking of stable coins, we have

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<v Speaker 1>some news here around tether. So Tether adds chain analysis,

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<v Speaker 1>tokenization platform for compliance and monitoring. Tether the issuer of

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<v Speaker 1>the world's largest stable coin by market cap. USDT has

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<v Speaker 1>announced a partnership with Chaninnalysis that will integrate the company's

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<v Speaker 1>compliance and monitoring tools onto Tether's tokenization platform. The move

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<v Speaker 1>comes amid expanding oversight across the crypto industry. Launched in

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<v Speaker 1>November twenty twenty four, the had Drawn by Tether platform

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<v Speaker 1>is designed for institutions, corporations, and governments entities that may

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<v Speaker 1>be interested in tokenizing real world as sets ranging from

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<v Speaker 1>financial instruments and real estate to debt and commodities. So

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<v Speaker 1>this is great changealysis. They do a lot of on

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<v Speaker 1>chain data and analytics and forensics and much more. So

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<v Speaker 1>great to see tethers plugging into this, and you know

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<v Speaker 1>they may be able to provide more transparency around what

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<v Speaker 1>they're doing. So this is a pretty big win here

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<v Speaker 1>for Tether. Now we have some ETF news, so bit

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<v Speaker 1>Wise has filed for a near ETF, so many of

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<v Speaker 1>you may know about the near protocol. I believe they're

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<v Speaker 1>one of the AI themed blockchains out there. So we

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<v Speaker 1>continue to see more demand for all coinitias, and I

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<v Speaker 1>think this is going to really put more pressure on

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<v Speaker 1>the SEC to approve these things and here's another one.

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<v Speaker 1>Twenty one Shares launches an ETP for Crypto dot COM's

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<v Speaker 1>Chronos token, so the cro product, and I think this

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<v Speaker 1>could do well as Crypto dot Com has partnered with

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<v Speaker 1>the Trump Media Group to launch some eats and much more. So.

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<v Speaker 1>This is pretty big, guys. Things are growing, things are expanding,

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<v Speaker 1>We're seeing more demand, and I think we get crypto

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<v Speaker 1>legislation done this year. It's going to be huge, huge, huge,

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<v Speaker 1>huge for the market. It could signal the top by

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<v Speaker 1>the way, you know, with all these things, but this

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<v Speaker 1>is where you need to have a profit taking plan.

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<v Speaker 1>Bull Markets don't last forever, and there will be a

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<v Speaker 1>bear market. It's not the nature of markets. This is

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<v Speaker 1>the same thing for the stock market, right, nothing goes

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<v Speaker 1>up in a straight line. Just remember what happened in

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<v Speaker 1>twenty twenty two. For all of you who think there's

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<v Speaker 1>not going to be a bear market, just go look

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<v Speaker 1>at the stock market in twenty twenty two, Look at

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<v Speaker 1>crypto in twenty twenty two. So remember, don't move by emotions.

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<v Speaker 1>Use the data, use pattern recognition, use the charts, use

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<v Speaker 1>the on chain data and metrics and much more to

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<v Speaker 1>form your thesis. Don't go by your gut and oh

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<v Speaker 1>I feel this is going to happen. No, but the

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<v Speaker 1>markets don't care about your feelings. They what you need

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<v Speaker 1>to to do is look at what's happening. This is

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<v Speaker 1>why I update you guys on the charts, the unchained data,

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<v Speaker 1>what whales are doing, what the FED is doing, because

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<v Speaker 1>the FED impacts markets from a macro perspective, right, all markets.

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<v Speaker 1>So that's why we're watching for QE and ray cuts

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<v Speaker 1>and all these things. Not that necessarily ray cuts mean

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<v Speaker 1>that the markets are gonna pump, but we're looking to

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<v Speaker 1>see that the FED is gonna turn dubvish right and

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<v Speaker 1>they start to opening up more liquidity and much more.

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<v Speaker 1>That That is what we care about, not so much

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<v Speaker 1>that the rates are getting cut. It's it's a sentiment

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<v Speaker 1>and the forecasting of the future path that we're headed towards.

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<v Speaker 1>So it's it's like dominoes, right, you know, as a

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<v Speaker 1>domino's fall. So that is what we're paying attention to, folks.

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

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<v Speaker 1>Leave your thoughts to comments below, hit the thumbs up button.

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

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<v Speaker 1>hundred percent free. It's on Substack. Also check out my

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<v Speaker 1>book on Amazon, it's available in paperback and digital, and

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<v Speaker 1>my course at Mycrypto course dot com. This is a

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<v Speaker 1>comprehensive course that teaches you every aspect of crypto. Knowledge

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<v Speaker 1>is power, So if you want to expand your knowledge

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<v Speaker 1>around this asset, class and technology, this is a course

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<v Speaker 1>for you. And best of all, what makes it unique.

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<v Speaker 1>It features expert commentary. You're going to hear from founders, CEOs,

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<v Speaker 1>institutional investors, and it includes videos, text writeups, downloadable materials.

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<v Speaker 1>You pay a one time fee, you get lifetime access

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<v Speaker 1>and you can go at your own pace share to

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<v Speaker 1>log in with your friends and family if you want.

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<v Speaker 1>But this thing is packed with a lot of value.

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

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<v Speaker 1>Course dot com. Link will be in the description. Thank

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<v Speaker 1>you guys for watching and listening. I appreciate you all

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<v Speaker 1>and I'll talk to you all later in two tho

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<v Speaker 1>two