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<v Speaker 1>You won't believe this. JP Morgan is launching more crypto services.

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<v Speaker 1>They will launch financing for crypto et apps. At the

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<v Speaker 1>same time, Jamie Dimon continues to spread fut about the

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<v Speaker 1>acid class and California passes a huge bitcoin bill. I'll

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<v Speaker 1>give you the details. 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 in. Please sit that subscribe button as well as

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<v Speaker 1>the thumbs up button and leave a comment below. If

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<v Speaker 1>you're 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, I

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<v Speaker 1>want to let you all know about something that took

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<v Speaker 1>place today, and it's along the lines of what I've

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<v Speaker 1>been saying for a long time, and that is the

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<v Speaker 1>United States Federal Reserve and the other central banks around

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<v Speaker 1>the world will continue to print money because this is

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<v Speaker 1>the Fiat system, and this is why we have to

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<v Speaker 1>position ourselves in assets to outpace the debasement and the inflation.

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<v Speaker 1>So today Donald Trump tweeted out he is an agreement

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<v Speaker 1>with Elizabeth Warren to remove the debt ceiling. Look at

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<v Speaker 1>what's happening here, Elizabeth Warren of all people. But this

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<v Speaker 1>is what I've been telling you, guys, Democrats and Republicans.

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<v Speaker 1>The one thing they agree on is to keep raising

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<v Speaker 1>that death ceiling and keep printing. And we've been tracking

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<v Speaker 1>global liquidity, which is fed by the amount of money

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<v Speaker 1>and liquidity that's pumped in by these central banks, and

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<v Speaker 1>that has been on the rise, and bitcoin and all

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<v Speaker 1>the assets follow global liquidity. So I hope you are

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<v Speaker 1>seeing what is taking place here. I hope this is

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<v Speaker 1>eye opening for you because this goes against a lot

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<v Speaker 1>of the political theater, the muzzling and we've seen, and

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<v Speaker 1>I believe that is just to distract you from the

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<v Speaker 1>fact that the Fed and these central banks are doing

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<v Speaker 1>these things, and obviously the politicians are in bed with

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<v Speaker 1>them to do this, right, So it just shows you

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<v Speaker 1>that we need to make sure we keep our eyes

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<v Speaker 1>on what we need to do from an investment standpoint

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<v Speaker 1>to outpace this madness and generate wealth for ourselves. Folks.

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<v Speaker 1>And let me just read what Donald Trump posted on

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<v Speaker 1>truth Social So he shared an image of Elizabeth Warren

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<v Speaker 1>tweeting at him from I think it was in May.

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<v Speaker 1>She said, Donald Trump and I agree the debt limit

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<v Speaker 1>should be scrapped to prevent an economic catastrophe. Let's pass

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<v Speaker 1>a bipartisan bill and get rid of it forever. Donald

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<v Speaker 1>Trump today tweeted out a screenshot of that, saying, I

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<v Speaker 1>am very pleased to announce that, after all these years,

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<v Speaker 1>I agree with Senator Elizabeth Warren on something. The debt

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<v Speaker 1>limit should be entirely scrapped to prevent an economic catastrophe.

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<v Speaker 1>It is too devastating to be put in the hands

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<v Speaker 1>of political people that may want to use it, despite

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<v Speaker 1>the horrendous effect it could have on our country and

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<v Speaker 1>indirectly even the world. YadA, YadA, YadA, folks, they remove

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<v Speaker 1>that debt ceiling, what do you think is going to happen.

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<v Speaker 1>It's going to make it easier for him to print

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<v Speaker 1>and print and print. We are going to continue to

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<v Speaker 1>see the debt rise to new all time highs, and

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<v Speaker 1>so will asset prices because the more you debase the currency,

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<v Speaker 1>the less purchasing power the fiat currency has. But the

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<v Speaker 1>prices of assets skyrocket, So that includes crypto, precious metals,

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<v Speaker 1>the stock market, real estate, and much more. But as

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<v Speaker 1>Paul Tutor Jones said in twenty twenty after they printed

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<v Speaker 1>the most money in the history of the United States.

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<v Speaker 1>He said, Big Quinn and Crypto are the fastest horse

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<v Speaker 1>in the race. So you want to position yourself in assets,

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<v Speaker 1>and of course Crypto if you want to get that

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<v Speaker 1>bigger return. Crypto's the big macro trade. Folks, look at

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<v Speaker 1>what's happening here. Trump and Elizabeth Warren have mud slang

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<v Speaker 1>and called each other names. I'm talking NonStop heated battles. Right.

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<v Speaker 1>Trump usually calls her Pocahontas and so forth. But look

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<v Speaker 1>at what the agree on, folks. I hope this is

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<v Speaker 1>eye opening for many of you. This is something I've

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<v Speaker 1>been trying to get folks to understand and to not

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<v Speaker 1>get caught up into political theater and narratives. If you're

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<v Speaker 1>caught up in that and you're worshiping politicians and much more,

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<v Speaker 1>you're going to be disappointed because the things they agree on.

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<v Speaker 1>If you don't understand what the outcomes and what happens

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<v Speaker 1>as a result of that to you and your money,

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<v Speaker 1>then you're missing the mark. You are falling for the

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<v Speaker 1>political theater. They don't care about the debt. It is

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<v Speaker 1>all a facade. The Fiat system requires that you keep printing. Now,

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<v Speaker 1>you could say, hey, we shouldn't be printing as much

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<v Speaker 1>and we shouldn't be spending as much. Yes that I

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<v Speaker 1>agree with that, but at the end of the day,

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<v Speaker 1>they have to keep printing, regardless of if you. Elon

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<v Speaker 1>comes in and cuts a trillion, and obviously he wasn't

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<v Speaker 1>able to do that. He was only able to cut

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<v Speaker 1>like one hundred and seventy five billion, right, and he

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<v Speaker 1>had to get out of the government, and he's actually

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<v Speaker 1>criticizing Republicans that much more. You guys are going to

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<v Speaker 1>spend more and blah blah, blah, blah blah. But this

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<v Speaker 1>is the Fiat system. Not even Elon can stop it, folks.

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<v Speaker 1>And this is a setup that exists globally, and of

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<v Speaker 1>course bitcoin and crypto we're going to move against that.

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<v Speaker 1>And this is why I keep tracking global liquidity because

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<v Speaker 1>assets are correlated to it. And like I said, what's

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<v Speaker 1>feeding into the global liquidity number the more money printing

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<v Speaker 1>that they do. So please understand this, folks. It's foundational

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<v Speaker 1>to investing, whether you're investing in stocks, real estate, much more.

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<v Speaker 1>This is what's driving asset prices now, folks. On that note,

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<v Speaker 1>we continue to see whales are accumulating. Here's data from

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<v Speaker 1>Santiment today. We saw a huge spike. So despite the

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<v Speaker 1>volatility some of the pullbacks for bitcoin, while it's with

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<v Speaker 1>ten or more, Bitcoin saw a massive spike. And I'm

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<v Speaker 1>going to have Brian from Santaman on later this week.

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<v Speaker 1>We're going to break this down. But huge spike. We

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<v Speaker 1>are still in a ballmarket. I know there's going to

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<v Speaker 1>be people who don't believe that because they're caught up

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<v Speaker 1>in their emotions, but the data doesn't lie. And folks,

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<v Speaker 1>you won't believe this. Look at this news. JP Morgan

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<v Speaker 1>plans to offer its clients financing against crypto ets so

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<v Speaker 1>it's being reported by Bloomberg. JP Morgan and Company will

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<v Speaker 1>allow trading and wealth management clients to use cryptocurrency linked

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<v Speaker 1>assets as collateral for loans, starting with black Rocks, I

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<v Speaker 1>Shares Bitcoin trusts. Oh my gosh, I hope some of

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<v Speaker 1>you took your positions. Folks. The world's largest bank is

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<v Speaker 1>doing this and they're going to issue loans against ETFs

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<v Speaker 1>and much more. And just remember what Jamie Diamond said

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<v Speaker 1>a week ago. This man is the master of playing

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<v Speaker 1>smoke and mirror games. He said the US should be

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<v Speaker 1>stockpiling missiles, not bitcoin. So he continued his funding criticism.

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<v Speaker 1>So while he as the figurehead, the CEO, saying these

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<v Speaker 1>things for the masses, distracting them, telling them, ah, don't

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<v Speaker 1>worry about it. His bank, the world's largest bank, is

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<v Speaker 1>building all of these crypto services and products. Folks. This

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<v Speaker 1>is the game, and I've talked about it for years,

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<v Speaker 1>So please please recognize what's happening here. It's important because

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<v Speaker 1>this is the game they've been playing for a long time.

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<v Speaker 1>And I'm trying to wake up some of you, like

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<v Speaker 1>pull you out of the matrix, right, like what happened

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<v Speaker 1>with Neo and the matrix. Right, he gets unplugged and

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<v Speaker 1>his eyes are open. I'm trying to help you understand

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<v Speaker 1>that that this is how the markets and the economy works.

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<v Speaker 1>And they don't teach us in school about the money

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<v Speaker 1>printing and the Fed and much more. And obviously these

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<v Speaker 1>big banks JP Morgan much more. They are plugged in

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<v Speaker 1>to the Fed and the Treasury and much more so.

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<v Speaker 1>The bank will also consider clients crypto holdings when assessing

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<v Speaker 1>their overall net worth and liquid ascids, similar to stocks, cars,

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<v Speaker 1>or art. Oh. So Jamie's recognizing the crypto asset class.

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<v Speaker 1>It's a legit acid to them if they're going to

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<v Speaker 1>recognize it as part of their client's portfolio. So the

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<v Speaker 1>changes will apply to all of the bank's clients globally,

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<v Speaker 1>spanning multiple levels of wealth, and come as big banks

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<v Speaker 1>respond to client demand and a more favorable regulatory environment. Folks,

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<v Speaker 1>we're still in the bullmarket. This acid class is on

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<v Speaker 1>the rise. It's getting adopted by the largest institutions in

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<v Speaker 1>the world. I've been telling you all blockchain will be

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<v Speaker 1>the rails that the government's and the economies and the

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<v Speaker 1>markets will run on. Be patient. Understand the market cycles

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<v Speaker 1>follow the macro things like global liquidity and much more.

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<v Speaker 1>So great times are ahead, and not only for this cycle,

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<v Speaker 1>but for future bullmarket cycles. And as I've told you guys,

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<v Speaker 1>I am going to take some of my profits from

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<v Speaker 1>this cycle, reinvest it in the bloody beer market of

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<v Speaker 1>twenty twenty seven, prepare for the twenty twenty eight to

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<v Speaker 1>twenty thirty bull market. So that's my plan, and I'm

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<v Speaker 1>going to ride this institutional wave of folks coming in.

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<v Speaker 1>But Jamie Dimond is something else, isn't he playing that

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<v Speaker 1>smoke and Mirror's game. Spreading lies and fud while his

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<v Speaker 1>bank is doing all these things. Folks. Now, the folks

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<v Speaker 1>at Bloomberg, Eric Balachunez and James Seyfert gave a full

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<v Speaker 1>breakdown of who is invested in bigcoinyts as it relates

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<v Speaker 1>to financial institutions, and it's very interesting. So Eric Balchuni

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<v Speaker 1>has said, nice, look at the breakdown of holders of

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<v Speaker 1>the spot big one ETFs via thirteen F filings. So

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<v Speaker 1>this is confirmed by the you know, thirteen F filings

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<v Speaker 1>with the sec advisor has surged up the list a

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<v Speaker 1>now number one by mile. These thirteen F filers make

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<v Speaker 1>up twenty percent of total assets, but in my opinion

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<v Speaker 1>that is likely to rise to thirty five to forty

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<v Speaker 1>percent as more adoption comes. So leading the number one

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<v Speaker 1>spot as far as exposure is investment advisors number two,

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<v Speaker 1>hedge fund managers number three, brokerage number four, of holding

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<v Speaker 1>company number five, government number six, bank number seven, private equity,

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<v Speaker 1>and then followed by trust and endowment. Folks, I hope

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<v Speaker 1>you see what's happening here. This is a paradigm shift.

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<v Speaker 1>And James Seifert gave a breakdown of the etheroremytfs and

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<v Speaker 1>the top five are essentially investment advisors, hedge fund manager, brokerage,

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<v Speaker 1>private equity holding company, trust and so forth. So, folks,

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<v Speaker 1>you have some of the biggest institutions buying these ETFs.

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<v Speaker 1>They want exposure, they want crypto, and I hope you

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<v Speaker 1>have the macro outlook and that you bought the bloody

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<v Speaker 1>bear mark, you bought the lows and we're going to

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<v Speaker 1>get ready to take profits at the highs when things

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<v Speaker 1>get greedy, and you're for it now, folks, quick word

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<v Speaker 1>charge with putting real estate on chain. I invested in

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<v Speaker 1>a Propy token back in twenty eighteen when I discovered Propy,

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<v Speaker 1>noticing that they were disrupting their real estate industry. So

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<v Speaker 1>on their platform you can buy and sell real estate

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<v Speaker 1>using crypto. And of course their platform is powered by blockchain,

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<v Speaker 1>and there were licensed Web three pioneer. They've been around

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<v Speaker 1>since twenty seventeen. They've facilitated over four billion dollars in transactions. Folks,

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<v Speaker 1>we know all assets are going in the blockchain, and

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<v Speaker 1>the real estate market is the largest asset class. Right,

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<v Speaker 1>They're going to put all the real estate as much

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<v Speaker 1>as possible in the blockchain and the way we're going

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<v Speaker 1>to buy and sell properties, it's going to be on

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<v Speaker 1>blockchain power platforms like Propy, so they use coin base

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<v Speaker 1>to facilitate the crypto escro service. They put deeds and

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<v Speaker 1>all kinds of stuff on chain. They put creative NFTs

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<v Speaker 1>for houses and much more. So, folks, if you'd like

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<v Speaker 1>to learn more about Propy, visit the link in the description. Now, folks,

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<v Speaker 1>California has officially passed the right to Transact Bigcoin unanimously

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<v Speaker 1>out of the Assembly. This is good. It's it's a

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<v Speaker 1>bill that is, you know, helping folks to be able

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<v Speaker 1>to use bigcoin, adopt bitcoin, and much more. Now, it

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<v Speaker 1>still has to make its way, you know, going further

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<v Speaker 1>into government. Right you got the House and it and

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<v Speaker 1>so forth, and then the governor has to sign it

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<v Speaker 1>into law. But some folks initially were like, wait a minute,

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<v Speaker 1>there's some language here that's a red flag, and that

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<v Speaker 1>is the you know, people reporting that bitcoin held on

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<v Speaker 1>exchanges for three plus years will be transferred to the

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<v Speaker 1>state of California under a law pass by the Assembly.

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<v Speaker 1>So right away it's like, whoa, what the hell? This

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<v Speaker 1>is why I'm a big believer in self custody because

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<v Speaker 1>that can happen if you own your own keys, right,

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<v Speaker 1>So it's important that you don't leave all your crypto

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<v Speaker 1>on an exchange, folks. We've said that for a long time,

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<v Speaker 1>but Dennis Porter of the Satociac Fund gave clarity. When

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<v Speaker 1>they take the bitcoin off the exchanges, they're not liquidating it.

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<v Speaker 1>They are going to hold it and you kind of

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<v Speaker 1>like how the unclaimed property laws work, you can go

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<v Speaker 1>claim it. So they're not liquidating it, they're not taking

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<v Speaker 1>it and using it or anything like that. So that's

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<v Speaker 1>good to know. So we got some clarity there that

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<v Speaker 1>it's not what we were thinking, because on its face

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<v Speaker 1>it looked really bad, and I'm glad it's not, you know,

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<v Speaker 1>what we were thinking it was initially, So that's that's

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<v Speaker 1>really good, folks. So I'm glad there was some clarity there.

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<v Speaker 1>And folks, today we had a digital Asset market structure

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<v Speaker 1>hearing in Congress, so the Houses version of the market

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<v Speaker 1>Structure Bill, called the Clarity Act, was discussed. Really great.

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<v Speaker 1>We got to have the dialogue, we got to have

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<v Speaker 1>the discussions, and you had some folks testifying much more

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<v Speaker 1>on Congressman Tom Ehmer came out supporting the Clariac. You

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<v Speaker 1>had French Hill, of course, Brian Style, the folks I've

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<v Speaker 1>had on the podcast talking about this. So we're making progress.

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<v Speaker 1>So that's a very good sign. Now, circles ipo is

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<v Speaker 1>said to be over twenty five times oversubscribe. This is

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<v Speaker 1>incredible and it's kind of what we've been talking about.

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<v Speaker 1>I think we mentioned it yesterday with Ripple CEO said, hey,

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<v Speaker 1>we were not looking to buy Circle, and I think

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<v Speaker 1>there was some fake news put out there right Circle Coinbase.

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<v Speaker 1>These people are trying to come by us and stuff

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<v Speaker 1>to try to get the valuation higher. I spoke about that.

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<v Speaker 1>But what's interesting Chamat Polloptilla, who's a well known investor.

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<v Speaker 1>He's part of the All In podcast team. He said

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<v Speaker 1>the following, it would be genius for Ripple or coinbase

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<v Speaker 1>to buy Circle. It looks like circles ipo is twenty

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<v Speaker 1>five x oversubscribe, valuing the company at around seven billion dollars.

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<v Speaker 1>If someone can buy it for even twelve to thirteen billion,

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<v Speaker 1>that's a steal in my opinion, for what this business

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<v Speaker 1>could be worth in twenty years. I agree with him.

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<v Speaker 1>The stable coin market's going to Boom, and Circle has

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<v Speaker 1>a very big lead in the United States specifically. Now

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<v Speaker 1>globally it's Tether, right, but Circle they got the first

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<v Speaker 1>mover advantage. They have a lot of the infrastructure where

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<v Speaker 1>usdcs on multiple blockchains. They have even exposure in Latin America,

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<v Speaker 1>and much more so, They're further ahead than any other

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<v Speaker 1>competitor in the United States. So he says, Circle has

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<v Speaker 1>built the entire market structure for stable coins well before

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<v Speaker 1>it will formerly exist in the United States. For example,

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<v Speaker 1>ahead of the Genius Bill. My prediction, Stripe, Square, Ripple, Coinbase,

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<v Speaker 1>they're all going to end up competing with each other

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<v Speaker 1>for stable coin dominance, which is really good for end

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<v Speaker 1>businesses and consumers and probably really bad for terminal margins.

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<v Speaker 1>The company that builds the most efficient infrastructure and sells

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<v Speaker 1>it for cheapest costs plus with a thin margin on top,

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<v Speaker 1>will probably take the market, he says. Note that there

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<v Speaker 1>are no official slash confirmed reports of coinbase pursuing an

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<v Speaker 1>acquisition of Circle, but there's a bunch of rumors in

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<v Speaker 1>the rumor mill that they are in acquisition discussion. So

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<v Speaker 1>once again we've just heard a ton of rumors. Honestly,

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<v Speaker 1>I think Coinbase would have the biggest chance of acquiring

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<v Speaker 1>Circle because they've done a massive partnership at Circle in

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<v Speaker 1>integrating USDC, so they already know how the product works.

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<v Speaker 1>They've already got their foot in the door there. But

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<v Speaker 1>you know, you never know whoever comes with the highest bid.

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<v Speaker 1>Ripple CEO of course denying you know the rumors, but

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<v Speaker 1>we'll see how it plays out. And Circle is still

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<v Speaker 1>trying to do their IPO, so well, then acquisition happen

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<v Speaker 1>right before you know they're trying to do an IPO.

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<v Speaker 1>I don't know, We'll have to see how it pans out.

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<v Speaker 1>But I agree with Chamathier, a lot of these folks

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<v Speaker 1>got a lot of work to do to catch up

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<v Speaker 1>to Tether. Tether is just massive, even with the complications

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<v Speaker 1>in the EU market. And I'm going to try to

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<v Speaker 1>get Tether's CEO on again, Paolo Ardino, to talk about

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<v Speaker 1>I'm going to try to get an in person interview

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<v Speaker 1>with him at my studio in New York to talk

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<v Speaker 1>about all these things. And you know, how are they

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<v Speaker 1>going to be able to navigate the waters with the

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<v Speaker 1>stable coin billy here in the United States? So TVD

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<v Speaker 1>on that now, folks, some good news Moonpay was able

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<v Speaker 1>to get a bit license in New York. Now, I

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<v Speaker 1>hate the bit license. I think this is bullshit. They

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<v Speaker 1>should get rid of it. It's a stupid wall they

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<v Speaker 1>put up, and it's I think it was put up

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<v Speaker 1>to slow down crypto companies, honestly by the Wall Street guys.

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<v Speaker 1>But nevertheless, it's great to see crypto companies get these

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<v Speaker 1>these licenses and they have sometimes have to wait years.

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<v Speaker 1>It's so stupid. And that's why some of you ask, hey,

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<v Speaker 1>why can't I access this company or this platform in

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<v Speaker 1>New York. It's because New York has this bullshit license.

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<v Speaker 1>But Moonpay joins a short list of crypto native firms,

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<v Speaker 1>including Coinbase, Anchorage, and Circle that have been approved to

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<v Speaker 1>operate in this state by the New York DFS. So

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<v Speaker 1>great news here, folks. Let me know what you think

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<v Speaker 1>about this news, especially the JP more news. That's huge

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<v Speaker 1>again the world's largest bank adopting. Despite Jamie Diamond telling

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<v Speaker 1>namass Is this is all you know garbage, you shouldn't

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<v Speaker 1>pay attention. Yet JP Morgan is doing all these things, folks.

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<v Speaker 1>A great way you can support me in the podcast

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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. Link will be in a description. Check

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

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<v Speaker 1>and my new course at mycryptocourse dot com. This is

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<v Speaker 1>a comprehensive course that teaches you every aspect of crypto folks,

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

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