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<v Speaker 1>Hey everyone, welcome into the Thinking Crypto podcast. You're home

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

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<v Speaker 1>On your way in. Please let that subscribe button as

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

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please go ahead and follow and hit the

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<v Speaker 1>five star rating. Well, folks, the volatility continues. We're all

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<v Speaker 1>waiting for Bitcoin to find some sort of bottom and

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<v Speaker 1>then start a relief rally. And we of course know

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<v Speaker 1>the all coins follow bitcoins move, So right now, bitcoins

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<v Speaker 1>still hovering around the over soul zone. It's currently trading

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<v Speaker 1>near sixty nine thousand dollars, so we're seeing a bit

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<v Speaker 1>of an uptick here. It seems like there's a nice

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<v Speaker 1>bullish setup that is happening on the chart, but of

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<v Speaker 1>course we got to give it time. There's no guarantees here,

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<v Speaker 1>but I think we are due for a relief rally

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<v Speaker 1>because we've been so oversold, in the extreme oversold in fact,

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<v Speaker 1>based on the RSI both on the daily and the week,

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<v Speaker 1>the fear and greed sentiment has been in extreme fear.

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<v Speaker 1>I mean it's at levels we've never seen before the

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<v Speaker 1>Fear and Greed index hit five, So it's rough out there.

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<v Speaker 1>And look, this is a bear market obviously, right, as

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<v Speaker 1>we've been talking about over the past week or so.

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<v Speaker 1>But even in bear markets, you do see strong counter

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<v Speaker 1>trend moves, right, especially when the sentiment is so bad,

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<v Speaker 1>the market always does the opposite of the herd. There's

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<v Speaker 1>a lot of people depressed, they're giving up, some are

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<v Speaker 1>calling for very insanely low prices right that go beyond

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<v Speaker 1>the technicals and the metrics. And I do believe that

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<v Speaker 1>there's a potential for us to go into the fifty

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<v Speaker 1>thousands here. You know, it's not guaranteed, but certainly it's

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<v Speaker 1>something that could happen. So I do think we might

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<v Speaker 1>see a relief rally first before we roll over. Now,

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<v Speaker 1>how high that relief rally goes, you know, there's some

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<v Speaker 1>strong resistance at around like eighty k or so I

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<v Speaker 1>would love for it to break through there and go

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<v Speaker 1>test one hundred, one hundred and one thousand, But there's

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<v Speaker 1>no guarantee of that. We're gonna have to watch how

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<v Speaker 1>this plays out. You know, I've told you guys that

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<v Speaker 1>I'm personally looking at potentially taking some profits and bigcoin

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<v Speaker 1>hits the ninety thousands. I'm not selling all my bigcoin,

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<v Speaker 1>just some taking some money off the table, and then

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<v Speaker 1>continuing to hold and accumulate once we hit the lows

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<v Speaker 1>again for the next bull market. So that's my strategy. Obviously,

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<v Speaker 1>your financial situation may be different. Some of you may

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<v Speaker 1>not need to cash out or anything. You know, maybe

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<v Speaker 1>the best thing to do is just hold. Some of

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<v Speaker 1>you may need the money and you have to liquidate.

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<v Speaker 1>But you know, this is not financial advice. You've got

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<v Speaker 1>to do what's best for you. But that's just what

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<v Speaker 1>I'm doing. A good sign on the daily chart with

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<v Speaker 1>this little bit of a move. The bears are losing momentum.

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<v Speaker 1>The macdich is getting from dark red to light red

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<v Speaker 1>and usually it's about to flip green, so that could

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<v Speaker 1>indicate a relief rally is coming soon. Obviously, the market

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<v Speaker 1>has to prove itself and we have to let this

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<v Speaker 1>play out. There are some things that we should keep

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<v Speaker 1>in mind for or that could be catalysts and huge

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<v Speaker 1>narratives that could spark the relief rally. For example, the

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<v Speaker 1>Supreme Court said they're going to announce on February twentieth,

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<v Speaker 1>so just next week their opinion on Trump's terrorfs right,

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<v Speaker 1>So will they rule that it's unconstitutional and they reverted.

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<v Speaker 1>We're seeing there's some front running of that right where

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<v Speaker 1>Trump and China and others are. You know, he's backtracking essentially, right.

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<v Speaker 1>So this is not to get political. It's just the facts, right,

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<v Speaker 1>of what's been happening. People get very politically upset about things,

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<v Speaker 1>but sometimes when you just state the simple fact of

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<v Speaker 1>what's happening. But just want to make sure you guys

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<v Speaker 1>understand where I'm coming from. So if there's a reversion

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<v Speaker 1>of the terriffs, then the markets could rally significantly. We're

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<v Speaker 1>gonna We're gonna have to wait and see how that

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<v Speaker 1>plays out. Not to mention, Trump has his feed shirt

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<v Speaker 1>that's going to be you know, nominated soon and be

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<v Speaker 1>put into office come May with Jerome Powell ending his

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<v Speaker 1>tenure there, Plus you have the crypto market structure builds.

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<v Speaker 1>So could these things all dovetail over the next couple

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<v Speaker 1>of months and then we have a very strong relief rally. Yeah,

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<v Speaker 1>I think so, but you know, not guaranteed, right, guys,

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<v Speaker 1>So I hope you understand that when we look at investing,

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<v Speaker 1>we're looking at different scenarios and which one has the

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<v Speaker 1>higher probability of playing out. So I do believe there's

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<v Speaker 1>a high probability for a relief rally. Again, I think

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<v Speaker 1>a low probability of going to new all time high.

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<v Speaker 1>So we'll see how this all plays out. Now. Over

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<v Speaker 1>the past few days, you know, with a lot of volatility,

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<v Speaker 1>Just so you guys know, a Coinbase actually went down

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<v Speaker 1>a bit, so I was actually surprised by this. But

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<v Speaker 1>they have resolved the issue and they said everyone's funds

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<v Speaker 1>are safe. Obviously Coinbase is a legit, trusted exchange, publicly traded.

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<v Speaker 1>I'm a user of the platform, but they had some issues.

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<v Speaker 1>And this is where I always tell you guys, regardless

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<v Speaker 1>of which platform, I custody, the majority of my crypto

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<v Speaker 1>assets on hardware wallets, and many of you know I

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<v Speaker 1>use Treasure They make great hardware wallets. They actually pioneered

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<v Speaker 1>the hardware wallets back in twenty thirteen. They started the

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<v Speaker 1>whole industry and the building the device with the seed

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<v Speaker 1>phrase setup and much more. And their devices, the new

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<v Speaker 1>Treasure Safe seven is quantum resistant and top of the

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<v Speaker 1>line security and much more. And they support a variety

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<v Speaker 1>of tokens, so obviously all the top coins such as Bitcoin,

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<v Speaker 1>e Theorem, XRP, Solana, Cardano, doche Cooin, and much more,

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<v Speaker 1>even new tokens like black Rocks, Biddle. They have a

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<v Speaker 1>great software call Treasure Suite which helps you to manage

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<v Speaker 1>all of this. You can buy and sell within the

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<v Speaker 1>respective app on mobile as well as desktop, and they

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<v Speaker 1>have a handholding service so if you buy the device,

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<v Speaker 1>you can talk to a Treasure rep and they can

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<v Speaker 1>walk you through the process of setting it up. They

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<v Speaker 1>don't ask you for your private key, so you don't

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<v Speaker 1>have to worry about it now. Right now, they have

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<v Speaker 1>a Valentine's Day sale going on where you can get

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<v Speaker 1>big discounts, so you can get up to twenty percent

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<v Speaker 1>on some of the bundles and much more. So. This

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<v Speaker 1>is running to February fifteenth, so over the next couple

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<v Speaker 1>of days, so make sure you check it out. You

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<v Speaker 1>can get a big discount and one of these devices. Again,

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<v Speaker 1>the best way and the safest way to store your

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<v Speaker 1>crypto assets is on a hardware wallet where you control

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<v Speaker 1>the private keys. And one of the great features of

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<v Speaker 1>the Treasure wallets is that their devices are open source.

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<v Speaker 1>The code is open source, so it's out there anybody

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<v Speaker 1>can reverew it. That's how much they trust what they've built.

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<v Speaker 1>So if you'd like to learn more about Treasure, visit

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<v Speaker 1>a link in the description and check out the Valentine's

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<v Speaker 1>They sale. Now. Guys, the CFTC has announced its members

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<v Speaker 1>for the newly formed Innovation Advisory Committee and it has

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<v Speaker 1>some very big names like Ripple CEO, Brad garlingd House.

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<v Speaker 1>You have a Dina Friedman chair and Sea of the NASDAC.

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<v Speaker 1>You have Hayden Adams, CEO of uniswop Labs, Brian Armstrong's

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<v Speaker 1>the of Coinbase, So this is really really great guys.

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<v Speaker 1>You have Tradfi plus crypto firms involved in this, and

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<v Speaker 1>I think this is very significant. It's analogous to what's

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<v Speaker 1>happening with crypto and tradfy and the convergence we're seeing.

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<v Speaker 1>So great to see all these things are happening, and

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<v Speaker 1>of course might see like the new CFTC chair is

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<v Speaker 1>getting a lot done and he's collaborating with Paul Atkins,

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<v Speaker 1>the SEC chair to get crypto legislation and clarity done. Guys.

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<v Speaker 1>So this is really really great and we continue to

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<v Speaker 1>see progress is being made on the crypto market structure,

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<v Speaker 1>build dialogue and meetings and hearings. You know, most recently

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<v Speaker 1>the banking and the crypto industry had their second meeting.

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<v Speaker 1>Democrats had a specific meeting about this. So while you

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<v Speaker 1>know it's a bit slow as molasses in certain parts

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<v Speaker 1>of the process, we're still making progress overall. Right. The

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<v Speaker 1>trend is that things are moving ahead. And here the

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<v Speaker 1>White House Crypto Digital Asset Advisor Patrick Witt said today

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<v Speaker 1>there are trillions of dollars in institutional capital on the

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<v Speaker 1>sidelines waiting to enter the crypto market. So he's saying,

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<v Speaker 1>once the Clarity Act is passed, it's going to unlock

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<v Speaker 1>that trillions. And I've been telling you guys that for

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<v Speaker 1>a long time from people I've been speaking to in

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<v Speaker 1>the industry and in the tradfi world. So there's a

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<v Speaker 1>lot of capital waiting to come in. These firms that

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<v Speaker 1>you know, they're making announcements that they're looking to do things.

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<v Speaker 1>They're just dipping your toes. They're ready to plunge in.

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<v Speaker 1>But you need the Clarity right because they don't want

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<v Speaker 1>to have problems getting lawsuits and all these things. We

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<v Speaker 1>need the Clarity Act in place that these companies can

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<v Speaker 1>go all in, and as I've said many times, this

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<v Speaker 1>is going to lead to higher valuations of their tokens

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<v Speaker 1>and their blockchain networks as you get more capital and

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<v Speaker 1>building on them and investments in them. But first things first,

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<v Speaker 1>we got to get the rules of the road in place. Now,

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<v Speaker 1>one thing that may hinder us is Donald Trump and

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<v Speaker 1>his family continue to launch crypto products. On one hand,

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<v Speaker 1>it's bullish, right, it's adoption. But on the other hand,

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<v Speaker 1>as I've been saying for a long time, I wish

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<v Speaker 1>he would slow down, wait till the Clarity Act is passed,

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<v Speaker 1>because we see some people in Congress are going to

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<v Speaker 1>call out the ethics right and in addition to other things.

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<v Speaker 1>But I'm hoping this is not going to be a roadblock.

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<v Speaker 1>So Trump Backworld. Liberty financial will launch World Swap, a

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<v Speaker 1>cross border remittance platform target getting the seven trillion dollars

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<v Speaker 1>annual four x market. So we're Liberty Financials of course

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<v Speaker 1>crypto focused, right, so I'm sure they're going to use

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<v Speaker 1>their stable coin us the one also Trump's Truth Social

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<v Speaker 1>Files for two crypto ETFs, so Trump Media's Truth Social

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<v Speaker 1>Funds filed with the SEC for two cryptocurrency ETFs, one

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<v Speaker 1>for the chronos Yield Maximizer ETF targets cro plus staking

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<v Speaker 1>rewards that's the crypto dot com token, and the other

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<v Speaker 1>is the bitcoin in Ether ETF tracks bitcoin in ether

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<v Speaker 1>plus ether staking. So again, look, I'm not saying he can't,

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<v Speaker 1>but just this is just horrible timing. It also has

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<v Speaker 1>bad optics. Let the legislation pass and then you know,

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<v Speaker 1>you can do your thing. Although I would argue it's

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<v Speaker 1>okay for his kids to be involved in this, but

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<v Speaker 1>things that are closely related to him that have his

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<v Speaker 1>name on it and not a good idea. It's just

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<v Speaker 1>bad optics. And you know, I've been not a fan

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<v Speaker 1>of the meme coins Milania and Trump meme coins, which

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<v Speaker 1>are down like ninety five percent by the way, So

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<v Speaker 1>those things I think hurt the market. So it's a

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<v Speaker 1>double edged sword with Trump man. He's good for crypto,

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<v Speaker 1>but he's also doing crap that is like hurting crypto,

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<v Speaker 1>you know, in the eyes of the masses and even

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<v Speaker 1>in the industry. So I wish he would just hold off,

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<v Speaker 1>let the market structure pass, and then do your thing.

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<v Speaker 1>So hopefully these things don't pop up and you know,

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<v Speaker 1>cause us to have a delay. Now, look at this,

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<v Speaker 1>Crypto Group counters Wall Street bankers with its own stable

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<v Speaker 1>coin principles for bill. So we all know the banks

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<v Speaker 1>don't want you to earn stable coin yield on platforms

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<v Speaker 1>like Coinbras or uphold or wherever. Right, they want to

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<v Speaker 1>keep as much of that money for themselves. They get

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<v Speaker 1>their big bonus. As we know the game. We've talked

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<v Speaker 1>about it at nauseum. Well, you know, the banks proposed

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<v Speaker 1>some things and now crypto industry is pushing back. So

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<v Speaker 1>the US Senates Crypto Market Structure Bill has been waylaid

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<v Speaker 1>by dispute over something that's not related to market structure

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<v Speaker 1>yield on stable coins. The Digital Chambers, offering a response

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<v Speaker 1>to a position paper circulated earlier this week by bankers

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<v Speaker 1>who oppose stable coin yield, the Crypto Group's own principles

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<v Speaker 1>documents argues that certain rewards are needed on stable coin activity,

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<v Speaker 1>but that the industry doesn't need to pursue products that

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<v Speaker 1>directly threaten bank deposits business. So guys, this is not

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<v Speaker 1>about you know, any type of risk. It's just simply

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<v Speaker 1>they're going to lose those big fat bonus checks, right,

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<v Speaker 1>That's all this is about. And they want to keep

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<v Speaker 1>giving you zero point zero one percent the breadcrumbs in

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<v Speaker 1>your savings account. Right. They don't want to give you

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<v Speaker 1>the majority of the yield that they're earning on the

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<v Speaker 1>money you park at the bank, right, they want to

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<v Speaker 1>keep it. So that's what this battles about. But we're

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<v Speaker 1>going to see. I'm not sure what the compromise is

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<v Speaker 1>going to be. Hopefully they do find it some sort

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<v Speaker 1>of resolution. It seems like both sides are willing to

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<v Speaker 1>do something here, and the banks are starting to look

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<v Speaker 1>bad because crypto on the attack, you know, highlighting this

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<v Speaker 1>is them trying to screw the consumers, right, which they are.

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<v Speaker 1>Frankly they are right, So we shall see. But great

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<v Speaker 1>that the crypto industry is pushing back. Okay, Bitco, which

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<v Speaker 1>just recently went public a crypto custodian of course, expands

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<v Speaker 1>its partnership with twenty one Shares to provide staking and

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<v Speaker 1>custody across the US and EMEIA. So partnerships, acquisitions, mergers

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<v Speaker 1>and companies going public, expansions across the globe all continue

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<v Speaker 1>to happen. So this is really great. Look at this news.

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<v Speaker 1>This is big for h Bar. I am an h

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<v Speaker 1>Bar token holder, so FedEx, many of you know the

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<v Speaker 1>courier company. They have joined the HEDERA Council to advance

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<v Speaker 1>trusted digital infrastructure for global supply chains. So this is

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<v Speaker 1>really big. If you look at who's part of the

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<v Speaker 1>Headera Council, it's pretty amazing. IBM, you got Google and

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<v Speaker 1>many big names. They are working with some of the

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<v Speaker 1>biggest institutions and headera is continuing to get a lot

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<v Speaker 1>of adoption. Many Again, many of you know, I'm an

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<v Speaker 1>HBAR token holder. I'm bullish on it and I'm looking

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<v Speaker 1>forward to it doing better in the next bull market,

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<v Speaker 1>right because we know this previous bull market was lackluster,

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<v Speaker 1>it was stunted, and and you know, we can go

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<v Speaker 1>through all the reasons, but you know, we've we've kind

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<v Speaker 1>of talked about it before, but to say the least,

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<v Speaker 1>there was no all code season like we've seen before.

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<v Speaker 1>So I'm still bullish and I'm still holding HBAR. It's

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<v Speaker 1>going to be one of the tokens I'm going to

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<v Speaker 1>accumulate in the bloody bear market, right and when blood

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<v Speaker 1>is on street, everybody's scared. So I'm certainly going to

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<v Speaker 1>be picking this up along with XRP and some others

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<v Speaker 1>and preparing for the next bull market. Okay, moving ahead,

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<v Speaker 1>check President signed a law removing capital gains tax on

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<v Speaker 1>bitcoin after three plus years of holding. So this is

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<v Speaker 1>really great and I'm hoping it sets a big standard

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<v Speaker 1>that is copied around the globe because it will boots

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<v Speaker 1>crypto adoption and it would be huge. You know of

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<v Speaker 1>other jurisdictions started following through. But this is huge to

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<v Speaker 1>eliminate capital gains tax and it's amazing three years a holding. See,

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<v Speaker 1>if you've been a long term a holder, that's really

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<v Speaker 1>good man. So we'll see you know, hopefully the United

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<v Speaker 1>States put something like this in place, that would be amazing.

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<v Speaker 1>And speaking of the United States, the Indiana Senate Committee

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<v Speaker 1>advances HB ten forty two allowing state retirement funds to

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<v Speaker 1>invest in cryptocurrency. So we continue to see states across

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<v Speaker 1>the US are embracing crypto. They're not waiting for the

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<v Speaker 1>federal government. They're passing legislation to allow their pensions and

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<v Speaker 1>different things to invest in crypto. We know a handful

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<v Speaker 1>of states already doing that, investing in bitcoin ETFs. You know,

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<v Speaker 1>they're buying like the Blackrock bitcoin ETF and much more

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<v Speaker 1>so just incredible, incredible. What's happening again? You know, right

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<v Speaker 1>now the prices are down, it's bear market. Everybody's frustrated.

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<v Speaker 1>They kind of pissed off of how the previous bull

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<v Speaker 1>market ended. But I still see so much adoption, so

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<v Speaker 1>much building, so much investing, And while again this past

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<v Speaker 1>market was a lackluster, I do believe that once we

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<v Speaker 1>get the market structure in place and you have all

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<v Speaker 1>these things coming together converging, it's gonna you're gonna see

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<v Speaker 1>a massive I think the super cycle ball market. And

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<v Speaker 1>I'm not saying that just out of hype, just what

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<v Speaker 1>I'm actually seeing the factual things now right and all

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<v Speaker 1>the building. I mean, if you just look at what

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<v Speaker 1>happened in Q four, aside from the price action, we

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<v Speaker 1>had some of the biggest adoption news ever ever ever.

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<v Speaker 1>I mean, it's incredible. All the banks are here, the

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<v Speaker 1>stock exchanges, they're looking to go twenty four to seven.

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<v Speaker 1>They're integrating blockchain. You see, Jamie Diamond has capitulated. He's

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<v Speaker 1>no longer trashing crypto. He's like crypto and stable coins

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<v Speaker 1>and blockchain are all real and YadA YadA, Right, every

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<v Speaker 1>last naysayer is capitulating even Vanguard, So there's nobody. There's

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<v Speaker 1>no detractors on the big institutional side now in the

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<v Speaker 1>media and you're you know your Peters Shift and some

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<v Speaker 1>of these other guys, Yes, but you know they're nobody.

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<v Speaker 1>You know what I mean right, What you want is

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<v Speaker 1>the companies that have the capital, that have the network,

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<v Speaker 1>and they're all here and the last ones have capitulated

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<v Speaker 1>Morgan Stanley and Vanguard has mentioned. So I'm excited for

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<v Speaker 1>the future of the market. So don't be dismayed, don't

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<v Speaker 1>be depressed, don't think Crycto's dead, don't fall for it.

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<v Speaker 1>I've been here from many cycles, guys, and I've seen

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<v Speaker 1>it all and seeing them even worse with FTX collapsing,

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<v Speaker 1>where I thought the market might not be able to

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<v Speaker 1>come back, and it did because markets are cyclical and

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<v Speaker 1>regardless of the narrative and who got flushed out and whatever,

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<v Speaker 1>they will rebound, especially when you have technology that's going

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<v Speaker 1>to be part of the fabric of the markets and

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<v Speaker 1>governments and economy moving forward. I've been saying it it's

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<v Speaker 1>all going to run on blockchain rails. Anyway, guys, that's

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<v Speaker 1>the news. Let me know what you think. Leave your

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<v Speaker 1>thoughts and comments below. Hit the thumbs up buttons subscribe

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<v Speaker 1>if you haven't as yet, check out my newsletter on substack.

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<v Speaker 1>It's one hundred percent for you. I should be putting

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<v Speaker 1>out a write up pretty soon, so you don't want

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<v Speaker 1>to miss that one to include a lot of chart

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<v Speaker 1>analysis and things of when we may see a relief

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<v Speaker 1>rally and so forth, So check it out again. It's

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<v Speaker 1>one hundred percent free, and be sure to grab a

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<v Speaker 1>copy of my book on Amazon. It's available in paperback

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<v Speaker 1>in digital. And check out my course at mycryptocourse dot com. Folks,

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<v Speaker 1>thank you so much for tuning in. I appreciate you all,

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