Speaker 1: Hey everybody, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please hit that subscribe button as
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Speaker 1: Happy new Year. I hope you're all doing well. I'm
Speaker 1: wishing you all a happy, healthy and prosperous twenty twenty
Speaker 1: six and hopefully the markets deliver for us. And I
Speaker 1: want to kick it off by looking at some bitcoin
Speaker 1: charts and what some analysts are saying, because we're getting
Speaker 1: different information from different folks, and of course we want
Speaker 1: to look at multiple point of views, not just one, right,
Speaker 1: we want to make sure that we're covering all our bases.
Speaker 1: So first up, I want to share what Credible Crypto
Speaker 1: said on x He says one month later and nothing
Speaker 1: has really changed as expected. We are simply chopping around
Speaker 1: at these levels with zero breaks in the high timeframe
Speaker 1: market structure. Despite many already claiming our cycle top is
Speaker 1: in seventy four K remains unbroken and there are a
Speaker 1: number of indications that we are forming a bottom here.
Speaker 1: So of course we've been seeing that different signals like
Speaker 1: the RSI, mac d's and so forth type signal we
Speaker 1: are at the bottom. But you know, one of the
Speaker 1: things I've been saying is that don't be surprised if
Speaker 1: we see another flush and we go down to maybe
Speaker 1: retest some loads, maybe we go retest seventy nine K
Speaker 1: or eighty k, right, just be mentally prepared for that.
Speaker 1: It's not guaranteed that it's going to happen, but markets
Speaker 1: can do these things, and we just want to be
Speaker 1: mentally prepared so we're not surprised, we're not caught flat footed.
Speaker 1: And as Credible Crypto is saying here, seventy K is
Speaker 1: that key support level. If we break the low there
Speaker 1: and we go low, then yes, the thesis is invalidated.
Speaker 1: So until that breaks, we are still remaining bullish, whether
Speaker 1: it's a move to a relief rally or a dead
Speaker 1: cat bounce or a new all time high. So that's
Speaker 1: the big quest rush for many and we're gonna wait
Speaker 1: to see. So here's what some other folks are saying.
Speaker 1: Here's the headline. Bitcoin RSI demands breakout as exec says
Speaker 1: our Ip to the four year bitcoin price cycle. So
Speaker 1: of course we've been talking about the price cycle being
Speaker 1: broken because this time is different. For the first time
Speaker 1: ever after the having year, we closed the year on
Speaker 1: a red or in the red, so the yearly candle
Speaker 1: was red instead of green. Usually it's three green followed
Speaker 1: by one red, which is the bear market. Now it's
Speaker 1: only been two green followed by a red, which was
Speaker 1: twenty twenty five. So this time is different, and it's
Speaker 1: been different since the beginning of the bull market. If
Speaker 1: you recall the bitcoin having the price hitting new all
Speaker 1: time high before the having and that was because of
Speaker 1: the Bitcoin ETF launch. So since then it's been different.
Speaker 1: You can't argue with that because we've seen historically those
Speaker 1: things have not happened, but they have happened this cycle.
Speaker 1: So this is where some people who are calling the top,
Speaker 1: you know, they have to take these things into consideration.
Speaker 1: You can't ignore them, right, So this is why I'm
Speaker 1: sharing with you, and we're looking at which scenario has
Speaker 1: the highest probability of playing out. Okay, So Bitcoin open
Speaker 1: the year twenty twenty six at eighty seven five hundred
Speaker 1: dollars as markets geared up for the year's first Wall
Speaker 1: Street trading session. The key points Bitcoin lies in wait
Speaker 1: at eighty seven thousand, five hundred for the start of
Speaker 1: trent fied trading on global markets. RSI and Ballinger bands
Speaker 1: signals imply major bitcoin price volatility is due. Market participants
Speaker 1: say goodbye to the four year price cycle theory. So again,
Speaker 1: highlighting the RSI even the Ballinger band signal, highlighting a
Speaker 1: reversal is due right now. Timing is of course hard
Speaker 1: because the market could chop for another two weeks, right.
Speaker 1: This is just the nature of markets. And I'm not
Speaker 1: saying that to be bears or to feel make you
Speaker 1: feel depressed. Just the reality. Let's look at the data
Speaker 1: and let's accept reality of what's happening and follow the day.
Speaker 1: So I think people on different fronts, using different signals
Speaker 1: are recognizing things are due for a reversal. And you know,
Speaker 1: yesterday I shared the bitcoin mvr V from multiple levels
Speaker 1: three the yearly, the two year, even the monthly, and
Speaker 1: they're all in the loss right now. So again, I
Speaker 1: think a reversal is coming soon. Now here's some very
Speaker 1: interesting statements from Bohines. Many of you may recall I
Speaker 1: interviewed bow Hines when he was working at the White
Speaker 1: House under David Sachs as one of the crypto advisors. Well,
Speaker 1: he now works for Tether right, he's going to be
Speaker 1: leading the Tether US stable coin USD stable coin, which
Speaker 1: is us base. He tweeted out yesterday, Guys, anyone bearish
Speaker 1: on bitcoin heading into twenty twenty six is foolish. Now
Speaker 1: this came from someone else, some random guy, I wouldn't care,
Speaker 1: but it's coming from someone very credible, someone who has
Speaker 1: close ties to the Trump administration. Obviously he's working at
Speaker 1: Teather right, So I have to put some value in this,
Speaker 1: and I think this is a big statement here. A
Speaker 1: lot of different folks are saying, you know, this year
Speaker 1: is going to be big for crypto, and that could
Speaker 1: be along the thesis of what we've been talking about,
Speaker 1: one final leg for the stock market and crypto blow
Speaker 1: off top then we actually roll into the bear market.
Speaker 1: So let's see. Let's see. This is a big statement
Speaker 1: come from Bo and I hope to have him back
Speaker 1: on the podcast soon as Teather launches their USD stable coin.
Speaker 1: And speaking of Tether, they bought in Q four twenty
Speaker 1: twenty five, eight and eighty eight bitcoin worth seven hundred
Speaker 1: and seventy nine million dollars. So I pose the question
Speaker 1: that I've been posing, you know, highlighting the news of
Speaker 1: digital acid treasury companies and these different firms buying crypto.
Speaker 1: Why the hell would they be buying if the price
Speaker 1: is on its way down as some people are saying,
Speaker 1: it's a bear market, it's on its way down, a
Speaker 1: downward slope, right, why would they here? It doesn't make sense?
Speaker 1: And in addition, why are we seeing crypto companies looking
Speaker 1: to go public in twenty twenty six? Again the prices
Speaker 1: are about to go down. People are depressed, right, There's
Speaker 1: a lot of fear in the market. No one wants
Speaker 1: to touch anything or invest anything. So why are these
Speaker 1: companies and non crypto companies as well tech companies, AI
Speaker 1: companies and so we're looking to go public? I pose
Speaker 1: the question for you to think about it. Look at
Speaker 1: this XRP ETFs have pulled in one billion dollars plus
Speaker 1: in just fifty days, locking seven hundred and forty six
Speaker 1: million XRP one point one four percent of the circulan supply,
Speaker 1: with only one zero inflow day since launch. At the
Speaker 1: current twenty seven point seven million dollars per day pace.
Speaker 1: ETF assets could hit five billion dollars by mid May
Speaker 1: twenty twenty six, potentially locking two point six billion XRP
Speaker 1: four percent of the supply, as the exchange balances are
Speaker 1: all ready down fifty eight percent and twenty twenty five.
Speaker 1: So one of the things I've been highlighting recently is
Speaker 1: that if you have coins leaving the exchanges, people are buying,
Speaker 1: that's very positive. Is less cell pressure? Right when whales
Speaker 1: are moving the coins back on, that's when you get
Speaker 1: to worry because they're looking to exit the distribute, right,
Speaker 1: So very good sign here for XRP, and the accumulation
Speaker 1: and the ETFs continue, and then you know, as far
Speaker 1: as the XRP chart still looks good, nothing necessarily bearersh here. Yes,
Speaker 1: there could be some more downward pressure, but still holding
Speaker 1: key support levels. And you know, it looks like it's
Speaker 1: set up for that one more move to the blow
Speaker 1: off top right in my opinion, And I could be wrong.
Speaker 1: I could be wrong. You know, I have no problem
Speaker 1: in saying I'm wrong. What I want to know is
Speaker 1: what is the data, Not the emotions, not the fairy tales,
Speaker 1: not the stories, Just what is the data showing us
Speaker 1: and not just charts, but the macro and on chain
Speaker 1: as well. You have to look at all of those things.
Speaker 1: There are some people who are chart only and I
Speaker 1: don't believe in that because markets move by liquidity. If
Speaker 1: there's no liquidity, markets don't do anything right. But on
Speaker 1: top of liquidity is sentiment. Right, So you may have
Speaker 1: tons of liquidity in the market, but it's a cyclical patterns.
Speaker 1: Market don't go up forever, markets don't go down forever, right,
Speaker 1: and sentiment drives a lot of that. So this is
Speaker 1: where I've learned throughout the year, is how to navigate
Speaker 1: the markets and make money. Obviously, this time around is
Speaker 1: a bit rough. We've been throwing some curveballs. Obviously twenty
Speaker 1: twenty five very different. But you know, there's a saying
Speaker 1: time in the markets is better than trying to time
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Speaker 1: Link would be in the description. Okay, folks, look at
Speaker 1: this crypto dash from continues. Turkmenistan rings in the new
Speaker 1: year with crypto exchanges and miners. So it looks like
Speaker 1: they gave some approvals here. So crypto mining and trading
Speaker 1: is now legal in Turkmenistan after a new law signed
Speaker 1: by President Siddar oh My Gosh. I can't pronounce his
Speaker 1: last name. I'm not going to try. In late November,
Speaker 1: took effect on Thursday. Implementation of the new laws could
Speaker 1: see these Central Asian countries' economy expand beyond its heavy
Speaker 1: reliance on natural gas exports by tapping surplus energy for
Speaker 1: crypto mining, following the lead of neighboring country Kazakhstan. A
Speaker 1: couple of things here. See the game theory that's playing out.
Speaker 1: One country moves in that region, the others follow right. Second,
Speaker 1: what have I been saying? Any country that bans crypto
Speaker 1: is signing its economic death sentence because this technology will
Speaker 1: be a big contributor to economic growth and how the
Speaker 1: new financial system will be running. I've said it at nauseum.
Speaker 1: The future governments, markets and economies will all be running
Speaker 1: on blockchain rails. That is what's being built here. That's
Speaker 1: why you're seeing sometimes these countries which we've never even
Speaker 1: heard of, or it's not top of mine at all. Right,
Speaker 1: I can't remember the last time I've heard anything about Turkmenistan.
Speaker 1: I'm not saying anything bad or negative, just it's, you know, somebody,
Speaker 1: smaller countries, you don't hear much about them. But all
Speaker 1: of a sudden, Hey, we're implementing crypto, We're embracing the technology.
Speaker 1: We're going to use excess energy to mind crypto. This
Speaker 1: is just incredible, incredible stuff. So, Turkmenistan is considered to
Speaker 1: be one of the more closed off countries in the world,
Speaker 1: but has taken several steps to open up its economy
Speaker 1: in recent years, including to tourism and energy sectors. See
Speaker 1: what I mean, guys, countries that have been closed off,
Speaker 1: you know, you don't hear much about them, all of
Speaker 1: a sudden opening up to crypto. This, this is really incredible. Okay,
Speaker 1: look at this news. Bit Wise files for eleven strategy
Speaker 1: ETFs tracking tokens including ave z cash and how so
Speaker 1: bit Wise, well, I should say I often have Matt
Speaker 1: Hogan from Bitwise on the podcast. I probably had him
Speaker 1: on the podcast like twenty times over the years. They're
Speaker 1: a great company. They've issued some great financial products. Even
Speaker 1: before the ETF approvals, they've been launching a lot of
Speaker 1: crypto products, and now they're of course doing ETFs. So
Speaker 1: the ETFs will invest up to sixty percent in the
Speaker 1: underlying token, with the rest in exchange traded products and derivatives.
Speaker 1: And you know they're not the only one. Gray Scale
Speaker 1: and a bunch of the other issuers have been filing
Speaker 1: for these different ets folks. They're going down there all coinless,
Speaker 1: so pretty cool. And of course these ETFs are a
Speaker 1: great on ram so bringing more capital into the ecosystem.
Speaker 1: And the other tokens that are mentioned in the filing
Speaker 1: includes hype near tron Athena Stark, and canton Coin. Many
Speaker 1: of you know I recently added that to my portfolio.
Speaker 1: I've been telling y'all watch that coin, right, It's actually
Speaker 1: been performing really well after the DTCC announced they're going
Speaker 1: to be building on the Canton network, So be sure
Speaker 1: to check them out, folks. And that's not financial advice, right,
Speaker 1: do your research. Not because I'm investing in something means
Speaker 1: you have to go invest Don't do anything like that blindly.
Speaker 1: Don't cult follow me, right, I hope you guys appreciate it.
Speaker 1: I don't want you to cult follow me. And I'm
Speaker 1: not here to try to pump certain coins or whatever
Speaker 1: like that. I invest, I buy the lows, I look
Speaker 1: for opportunities. I did that with AI tokens at the
Speaker 1: beginning of twenty twenty three with fetch and render. And
Speaker 1: now I recognize Canton network as a great privacy token
Speaker 1: that's new, built by big institutions, backed by Goldman, Sachs,
Speaker 1: Citadel and much more so. And I interviewed, you know,
Speaker 1: the founder and CEO of Digital Assets, which is working
Speaker 1: on the Canton network, and I was like, wait a minute,
Speaker 1: I see something here that's going to be big. So
Speaker 1: that's why I invested in a token. And of course
Speaker 1: the big news we got recently to DTCC. All right, folks,
Speaker 1: here's the next news item. Vitalic booter In on the
Speaker 1: two goals Etherorem must meet to become the world computer.
Speaker 1: So we want to pay attention to what's happening with
Speaker 1: Etherorem because we need Etherorem to perform. The rest of
Speaker 1: the all coin market moves with Etherorem. I don't make
Speaker 1: the rules, this is just how we've seen things move
Speaker 1: in the past. A lot of tokens are actually ERC
Speaker 1: twenty built on the etherreum blockchain, so we want to
Speaker 1: look at upgrades that will benefit the Etherorem ecosystem, bring
Speaker 1: in more liquidity, and this will be beneficial for the
Speaker 1: all coins. So Metallic Booterin says Ethereum made significant technical
Speaker 1: progress in twenty twenty five, but still falls short of
Speaker 1: its broader mission. He pushes back against short term crypto
Speaker 1: narratives in favor of durable, censorship resistant applications. The message
Speaker 1: reframes Ethereum as long term Internet infrastructure rather than a
Speaker 1: platform chasing market trends. Now, what we've seen is that
Speaker 1: etherorem usually is the first smart contract blockchain. A lot
Speaker 1: of TRAAD five builders launch their tokenized funds and much
Speaker 1: more on and then they go to other chains. We
Speaker 1: know it's going to be a multichain world, right, but
Speaker 1: eth has a strong reputation, great security. Obviously, its speed
Speaker 1: and fees are still a challenge, but many institutions don't
Speaker 1: really mind that. If this security is top of the level,
Speaker 1: and then they also look at you know, Layer twos,
Speaker 1: they go build on Layer twos on top of Etherorem,
Speaker 1: or they launch their own Layer two. So a lot
Speaker 1: of upgrades are slated. I believe like two for twenty
Speaker 1: twenty six free theorem. So let's see how that plays out,
Speaker 1: and I think it will continue to get more adoption. Okay,
Speaker 1: final news item. The trust wallet browser extension knocked offline
Speaker 1: by Chrome store bugs CEO says, so recently, the trust
Speaker 1: wallet has had an exploit and they did make it
Speaker 1: right by making sure they're going to help victims with
Speaker 1: these seven million dollar Christmas hacks reimbursement. So though it
Speaker 1: looks like it's been kicked out of the Chrome Google
Speaker 1: Chrome web stores or is temporary unavailable, so just heads up,
Speaker 1: I would avoid using this the wallet obviously, if you
Speaker 1: got hacked, I'm sorry, but at least you're you know
Speaker 1: you're gonna be made whole with the funds they're going
Speaker 1: to restore. But if you're a new user, yeah, I
Speaker 1: would stay away from now. Stay away from now. Just
Speaker 1: be careful, right as always, don't trust verifies, guys, because
Speaker 1: we need to make sure this is not an ongoing issue.
Speaker 1: And I'm not saying it trust Wallet is bad or
Speaker 1: it is an ongoing issue, but just we want to
Speaker 1: be smart here. We don't want to lose our funds,
Speaker 1: right folks. All right, guys, that's the news. Let me
Speaker 1: know what to think. Be sure to sign up for
Speaker 1: my free email newsletter. I'll be putting out a write
Speaker 1: up tomorrow. Once again, one hundred percent free on substack.
Speaker 1: We have over seven two hundred followers and subscribers on substack,
Speaker 1: so be sure to check it out. I include a
Speaker 1: lot of chart data and analysis in there, and again
Speaker 1: it's free, so it's a great resource to learn and
Speaker 1: to run through things and just keep up to date
Speaker 1: with what's happening. Also, check out my book on Amazon.
Speaker 1: It's available in paperback in digital. Be sure to grab
Speaker 1: a copy. And if you want to expand your crypto knowledge,
Speaker 1: check out my course at mycrypto course dot com. Folks,
Speaker 1: I appreciate you all, thank you for tuning in, and
Speaker 1: I'll talk to you all later. M