Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: let's quickly take a look at the price here. I
Speaker 1: want to talk about what I'm seeing on the bitcoin
Speaker 1: chart because the mac D on the daily chart is
Speaker 1: about to flip bullish. Bitcoin currently trading over one hundred
Speaker 1: and eleven thousand dollars. As I've been stating, guys, we're
Speaker 1: not out of the bullmarket as yet. I don't believe
Speaker 1: the blow off top has happened, and I've given various
Speaker 1: factual data signals and much more. This is not about
Speaker 1: emotions or feelings. We want to be educated about the
Speaker 1: data and the charts, and what I'm seeing on the
Speaker 1: chart once again, guys, is that the mac D is
Speaker 1: about to flip bullish. So let's see how things play out.
Speaker 1: We do have to give it time and of course,
Speaker 1: expect volatility, expect fake outs, expect that potentially the price
Speaker 1: could roll over and go test one hundred and one thousand. Right.
Speaker 1: I'm not saying that is going to happen or guaranteed.
Speaker 1: I'm just saying it's a scenario. There is a probability
Speaker 1: of that, because we don't have a crystal ball, But
Speaker 1: we're going to look at the data and look at
Speaker 1: the macro and see what it's telling us, and I
Speaker 1: believe it's a bullish scenario. Here the bitcoin monthly chart
Speaker 1: still shows the bulls are in firm control despite the
Speaker 1: short term volatility we're seeing. And here's a very positive sign.
Speaker 1: Today the S and P five hundred hit a new
Speaker 1: all time high. So what have I been telling you guys,
Speaker 1: rotation of liquidity. Gold has been correcting, cooling down. Whether
Speaker 1: that's a local or blow off top, I don't know.
Speaker 1: We'll have to wait and see. But all of a sudden,
Speaker 1: the SMP five hundred pops up to a new all
Speaker 1: time high. Right, and we're starting to see the other
Speaker 1: stock market indexes like the NASDAC and the Dow Jones
Speaker 1: and the Rustle and all these things started to wake up.
Speaker 1: Rotation of liquidity, and we are a macro bowl market
Speaker 1: for all asset classes. So that's why you're seeing real estate,
Speaker 1: crypto stocks, precious metals all hitting new all time highs.
Speaker 1: Go look at the past two years the charts and
Speaker 1: you'll see it right, the data again, no feelings, no
Speaker 1: motions here, I'm repeating myself, because people get very emotional
Speaker 1: about these things. I understand they have money, I understand
Speaker 1: they want to make money. I understand the volatility bothers people.
Speaker 1: But I'm emphasizing that so you can start looking at
Speaker 1: the markets from a data perspective and not be emotional
Speaker 1: and not be in the roller coaster ride. It will
Speaker 1: really help as you get more educated about these things. Right,
Speaker 1: So SMP five hundred hitting new all time highs, and guys,
Speaker 1: we've seen this story before. Crypto's going to follow right.
Speaker 1: In addition, global liquidity, which is one of the macro
Speaker 1: factors that we're looking at, has been a leading indicator
Speaker 1: that shows we still have room to run here. So
Speaker 1: if all these assets are following global liquidity, I think
Speaker 1: we know crypto is going to catch up. Here's something
Speaker 1: that crypt Wizard shared which I thought was very interesting,
Speaker 1: and it's along the lines of bitcoin dominance as well
Speaker 1: as the Russell two thousand, So he says, bullish breakout. Next,
Speaker 1: a liquidity storm is coming. Bitcoin dominance can sense it.
Speaker 1: So one of the factors we've been highlighting why the
Speaker 1: top is not in Bitcoin dominance has not collapsed like
Speaker 1: we've seen in the past, right where Bitcoin goes on
Speaker 1: that massive run and then the all coins follow. So
Speaker 1: that has not happened as yet. So he adds here
Speaker 1: the russell is trying to break, whiles Bitcoin dominance is
Speaker 1: on the verge of a monthly shooting star. Each time
Speaker 1: this happens, all explode. Crisis brings opportunity. So again the
Speaker 1: data is showing us this. We're seeing multiple factors still
Speaker 1: screaming bull market despite the short term volatility. And obviously
Speaker 1: we've had some wild swings in the market due to
Speaker 1: the tariff news, of course, and we continue to see
Speaker 1: that whales are accumulating despite the short term volatility and
Speaker 1: some outflows. The black Rock Bitcoin ETF they bought another
Speaker 1: nine hundred and seventy six big coin and they now
Speaker 1: hold over eight hundred and four thousand bitcoin. So on
Speaker 1: chain data, ETF inflows still showing accumulation. Now today I
Speaker 1: put out a newsletter covering a lot of this, guys,
Speaker 1: that what bitcoin has been doing is testing the resistance
Speaker 1: levels from December and it's building support off of that.
Speaker 1: We've seen this time and time again, and there's just
Speaker 1: a strong case, guys, of this bull market continuing again.
Speaker 1: That's not a guarantee, you know, it's a probability, but
Speaker 1: I do believe it's the scenario that has the higher
Speaker 1: probability of playing out. So let's see what the next
Speaker 1: couple of weeks bring us, because there are some macro
Speaker 1: factors coming up, with the FED cutting rates, governments shut down,
Speaker 1: ending Trump and China and the US and China and
Speaker 1: the entire situation resolving, and the Fed. We just heard
Speaker 1: from Jerome Powell last week that they're going to ramp
Speaker 1: down quantitative tightening. So I believe quantitative easing will be
Speaker 1: returning sooner. And I've often stated the market just needs
Speaker 1: a signal, a doverish signal from the FED saying hey,
Speaker 1: at some point, let's say in early twenty twenty six,
Speaker 1: we're going to go back to money printing, right, and
Speaker 1: we know they don't call it money printing, and they
Speaker 1: call it quantitative easing. That's all the market needs to know, right,
Speaker 1: Markets are forwardlooking. And in addition, you have the Crypto
Speaker 1: Market Structure Bill that would be a huge milestone if
Speaker 1: it passes the Senate this quarter, and I believe it will.
Speaker 1: There's a lot of meetings happening in DC with the
Speaker 1: crypto industry to crypto lobby. We just heard from White
Speaker 1: House cryptos or David Sachs saying there's a strong possibility
Speaker 1: gets done, and I think you will, guys. I think
Speaker 1: once the government opens up and the government goes back
Speaker 1: to getting their work done right, they're going to be
Speaker 1: able to push this bill through. So there's also the
Speaker 1: SEC approving the all coinyt app So all these things
Speaker 1: are on the horizon. So in addition to the data
Speaker 1: points and the signals and the metrics make me believe
Speaker 1: that this bull market's not over. I hope you understand
Speaker 1: that's not an emotional take. Yes, I want to make money,
Speaker 1: but I'm also not a fool. If I see something
Speaker 1: that is detrimental to the marketer and validates all of this,
Speaker 1: I'm gonna be here. Guys. It's over right. Something is
Speaker 1: completely different. Let's let's see what our new strategy is
Speaker 1: going to be. But that's not what I'm seeing just
Speaker 1: like I was telling you guys earlier this year with
Speaker 1: the big tariff sell off and crash, I was like,
Speaker 1: this is this is not the end of the bull market.
Speaker 1: Even though people were screaming at me it's over look
Speaker 1: at what's happening. Trump did this blah blah blah blah blah,
Speaker 1: and I'm like, no, the data is just telling me
Speaker 1: here that despite this being a severe sell off a
Speaker 1: lot of fear, this structure still in place. Right. So
Speaker 1: this is why, folks, I am not bearish. I am
Speaker 1: not worried. If there was something to be worried about,
Speaker 1: I'll be on there here telling you guys. And I've
Speaker 1: often stated there will come a point where I will
Speaker 1: turn bearish when this market tops out, so just be
Speaker 1: ready for that day. But today it's not that day,
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Speaker 1: the description. Now, folks, we have some very big news
Speaker 1: coming out from Bloomberg. Here's the headline. JP Morgan to
Speaker 1: allow clients to pledge big coin and Ether as collateral.
Speaker 1: So JP Morgan continues to capitulate. This is the final boss.
Speaker 1: Remember all the things Jamie Diamond has been saying over
Speaker 1: the years, and they've been doing, and now they're launching
Speaker 1: services around crypto, they are tokenizing, They're doing so much
Speaker 1: and it's amazing. This is why the saying goes, watch
Speaker 1: what they do, not what they say. So Jamie Diamond's
Speaker 1: been playing the smoke and mirrors moves for years fooling
Speaker 1: retail while he's been building and taking a position, and
Speaker 1: all of Wall Street's here, So let me give you
Speaker 1: some more details here. So, investment banking giant JP morgan
Speaker 1: Chase plans to let institutional clients use their Bitcoin and
Speaker 1: ether holdings as collateral for loans by year end, according
Speaker 1: to a report by Bloomberg. The tokens pledged under the
Speaker 1: Global program will be safeguarded by a third party custodian
Speaker 1: and extends JP Morgan's earlier move to accept crypto linked
Speaker 1: ETFs as loan collateral. Huge news, guys, and we know
Speaker 1: they're going to go beyond Bitcoin and etheromy it's a
Speaker 1: Bitcoin or ether, and then it expands other coins. Now
Speaker 1: what's going to be interesting. I think we are in
Speaker 1: the early stages of these crypto assets being used as collateral. Eventually,
Speaker 1: if you hold crypto, you will be able to use
Speaker 1: it to get loans as well, whether it's for a
Speaker 1: mortgage or a car loan or whatever it is. So
Speaker 1: I think that's down the road, right. I think we
Speaker 1: can see the direction to Puck's heading in here. So
Speaker 1: very bullish news, and expect the other Wall Street players
Speaker 1: to do the same game. Theory will play out here now,
Speaker 1: speaking of banks, look at this Zell wigh's stable coin
Speaker 1: integration to expand its trillion dollar payments network abroad. Everybody's
Speaker 1: building and adopting with crypto and folks, there are still
Speaker 1: people out there who think this is all a scam.
Speaker 1: They don't get it because they haven't gotten past narratives,
Speaker 1: they haven't gotten to the factst they haven't educated themselves.
Speaker 1: So if you're here and you understand what the hell
Speaker 1: is happening, you know, consider yourself lucky because we're seeing
Speaker 1: the biggest institutions in the world adopting this technology so
Speaker 1: wildly use US payment network. Zell is eyeing an international
Speaker 1: expansion utilizing stable cooin technology, according to a statement from Friday,
Speaker 1: here's a quote. Zell transformed how Americans send money at home.
Speaker 1: Now we're beginning to work to bring the same level
Speaker 1: of speed and reliability to Zel customers sending money to
Speaker 1: and from the United States. Early Warning Services CEO Cameron
Speaker 1: Fowler said, our goal is to bring the trust speeding
Speaker 1: convenience of Zell to consumers. International money movement needs Early
Speaker 1: Warning Services operates Zell. The company said this initiative, which
Speaker 1: is scant on details marks an important step in expanding
Speaker 1: the reach of Zel globally by leveraging stable coins. Zell
Speaker 1: has been exploring issuing its own stable coin. So, folks,
Speaker 1: we know the benefits of blockchain and stable coins, instant settlement,
Speaker 1: twenty four to seven, trading, the ability to do these things,
Speaker 1: more trust, more transparency, borderless. You guys know the benefits, right.
Speaker 1: So that's why these companies are capitulating because the old
Speaker 1: system can't compete, so they have to build with this technology.
Speaker 1: This is the future now. More bank news. Signum Bank
Speaker 1: bets on bitcoin lending with multi sign custody model. So
Speaker 1: these banks and institutions are coming up with new financial products. Here.
Speaker 1: Signam Bank has partner with bitcoin backed lending platform deb
Speaker 1: Fi never heard of that to launch a multi signature
Speaker 1: lending product that allows borrowers to retain shared control of
Speaker 1: their collateral. According to the Swiss Digital Asset Banks announcement
Speaker 1: on Friday, the product introduces a bitcoin native multi sign
Speaker 1: lending model that allows clients to retain control of their
Speaker 1: collateral through distributed key management, ensuring that the assets cannot
Speaker 1: be rehypothecated. Signum's clients can take out fiat loans backed
Speaker 1: by bitcoin in a setup that requires three of five
Speaker 1: keyholders to authorize any transaction, allowing borroers to track and
Speaker 1: verify their collateral directly on chain. So I love that
Speaker 1: they can still have access, right, the control is split
Speaker 1: up here, So I like this model. You know what
Speaker 1: JP Morgan, you know in the news I just shared
Speaker 1: And look, it's maybe too early to criticize JP Morgan,
Speaker 1: but I hope JP Morgan does this where you don't,
Speaker 1: you know, lose complete control of your collateral here, your assets.
Speaker 1: So let's see what they're able to come up with.
Speaker 1: But what signam is doing is really really cool. So guys,
Speaker 1: notice they're starting with bitcoin again. It's going to go
Speaker 1: beyond bitcoin. So there's more to come here, folks, this
Speaker 1: is really really big news. Now. Today the folks at
Speaker 1: Ripple confirmed that they have completed their acquisition of Hidden Road,
Speaker 1: which is a massive, huge, huge, huge acquisition for Ripple.
Speaker 1: Right if you understand what Hidden Road does, and so
Speaker 1: they said here introducing Ripple Prime, we're please to share
Speaker 1: that our acquisition of Hidden Road is officially complete, making
Speaker 1: Ripple the first crypto company to own and operate a
Speaker 1: global multi asset prime broker bringing the promise of digital
Speaker 1: assets to institutional customers at scale. We knew this was
Speaker 1: happening right because the news of the acquisition was announced
Speaker 1: months ago. But what Ripple CEO Brad Garlinghouse said today
Speaker 1: is very bullish for XRP. He said, with today's close
Speaker 1: of Hidden Road now Ripple Prime. Ripple has announced five
Speaker 1: major acquisitions in approximate two years. G Treasury last week,
Speaker 1: Rail in August, Standard Custody in twenty twenty four, Medico
Speaker 1: in twenty twenty three. As we continue to build solutions
Speaker 1: towards enabling an Internet of value, I'm reminding you that
Speaker 1: XRP sits in the center of everything Ripple does. Lock
Speaker 1: in very bullish. This is huge, guys, and you know
Speaker 1: they're going to push for the use of the XRP
Speaker 1: ledger and have folks bill on the XRP ledger. Use
Speaker 1: XRP where it makes sense. I don't. There's some people
Speaker 1: who get very confused. They think, oh, everybody has to
Speaker 1: use XRP. No, they simply just have to use the
Speaker 1: XRP ledger because that gives the network more value and
Speaker 1: of course it's native token. This is metals law reads
Speaker 1: law as well network effects, and I've talked a lot
Speaker 1: about this. You know, you look at etherorem the amount
Speaker 1: of building that was happening. It's not that people are
Speaker 1: using ETH itself, but as they're using the network, ETH
Speaker 1: gets greased, so to speak. You know, its value goes up,
Speaker 1: the network goes up. Right, the more participants, YadA YadA.
Speaker 1: So study Metcalps law network effects and you understand what
Speaker 1: I'm talking about here. So these folks don't have to
Speaker 1: use XRP directly, but I do believe they have to
Speaker 1: use the XRP ledger. That's the point. It's a network.
Speaker 1: Participate on it. More value that's moving, the higher evaluation
Speaker 1: of the said blockchain network. And of course it's native token.
Speaker 1: So this is really big and great to see Brad
Speaker 1: giving the details here. All right, let's move ahead. Trump
Speaker 1: to nominate SEC's pro crypto Mike Sealig as CFTC chair.
Speaker 1: So you know, things fell through with Brian contents, but
Speaker 1: we get another pro crypto person that's going to be
Speaker 1: heading up to CFTC as the chair, So I think
Speaker 1: this one should go through right now. Caroline fam who's
Speaker 1: the acting chair, has been doing a great job with
Speaker 1: the crypto Sprint and much more. So let's see if
Speaker 1: he can get confirmed sooner than later. But here's some details.
Speaker 1: Celick currently serves as the SEC Commissions Crypto Task Force
Speaker 1: Chief Counsel and Senior Advisor to SEC Chair Paul Atkins.
Speaker 1: So you can't get more pro crypto than that, right,
Speaker 1: So he knows everything that's going on already, so it's
Speaker 1: not like he has to be brought up to speed.
Speaker 1: So I think this is a solid pick. Moving ahead, Rumble,
Speaker 1: the video platform, partners with Tether to add bitcoin tips
Speaker 1: for content creators. Now, I personally do use Rumble to
Speaker 1: publish my content. There's not a huge following there. The
Speaker 1: majority of the following is on YouTube of but you know,
Speaker 1: I do use Rumble because I know there's an audience there.
Speaker 1: So this is really great though. This is real world
Speaker 1: adoption of crypto. So Rumble has teamed up with Staplecorny
Speaker 1: Shirt Tether to enable bitcoin tipping. Pavlowski excuse me, CEO
Speaker 1: Chris Pavlowski set on stage at the Plan B form
Speaker 1: in Lugano, Switzerland. So he says, right now, we're in
Speaker 1: the testing phase, but we're gonna start rolling that out
Speaker 1: alongside Tether here in the coming week. So I love it. Guys.
Speaker 1: This is a real world adoption here, and you're going
Speaker 1: to see more and more platforms adopt crypto in different ways. Now,
Speaker 1: look at this TYE regulators raid world iris scanning site
Speaker 1: in latest headache for Sam Altmans. So this is talking
Speaker 1: about the world coin and you guys know how I
Speaker 1: feel about worldcoin, right. I like the mission, but the
Speaker 1: way they're going about it with the draconian IRIS scan
Speaker 1: that is not I'm not a fan of that right,
Speaker 1: spoken about it a lot, and that's my personal feelings.
Speaker 1: You know, you don't have to agree with me, but
Speaker 1: I don't like that. And one of the things I
Speaker 1: said was, where is the independent audit to say they're
Speaker 1: not doing anything the furious or bad or violating your
Speaker 1: rights with the data they're collecting. Because if they're connecting
Speaker 1: your biometrics and they're doing this in different countries, then
Speaker 1: people are getting coins. What are they doing with that data? Right?
Speaker 1: So these are things that have me worried and why
Speaker 1: I'm not personally, you know, invested in the token. Look,
Speaker 1: it may do well, I'm not saying it won't, but
Speaker 1: I don't you know, I need more information here, and
Speaker 1: I've been on record saying that, right, you guys know
Speaker 1: that who've been following me on this podcast, I've said
Speaker 1: I don't like that, and I said the governments, a
Speaker 1: lot of them are going to push back and their
Speaker 1: Thailand Securities can Exchange Commission conducted a joint operation with
Speaker 1: Cyber Crime Investigation Bureau to raid an IRIS scanning location
Speaker 1: related to the WLD exchange services. So let's see what happens.
Speaker 1: I think a lot of governments are going to push
Speaker 1: back because you're taking people's data and nobody knows where
Speaker 1: it's going. I'm not saying they're doing something bad with it,
Speaker 1: but we just don't have that clarity. Right. Is it
Speaker 1: truly encrypted on the blockchain or is someone at world
Speaker 1: coin able to pull that data and do the fairest
Speaker 1: things with it? Right? Who can answer that question? And
Speaker 1: I would love someone. I would try to get someone
Speaker 1: from world Coin on the pod to talk about it.
Speaker 1: But I've not seen this concern and address completely and
Speaker 1: again needs an independent auditor to review this. Anyway, folks,
Speaker 1: I digress. Let me know what you think. Leave your
Speaker 1: thoughts and comments below, hit the thumbs up button. If
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Speaker 1: As mentioned earlier, I put out a write up today,
Speaker 1: so check it out. Guys, packed with a lot of information. Again,
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Speaker 1: book on Amazon. It's available in paperback, in digital, and
Speaker 1: my course at Mycrypto course dot com. This is a
Speaker 1: comprehensive course that teaches you everything about crypto folks. Thank
Speaker 1: you for watching, thank you for tuning in. I appreciate
Speaker 1: you all, and I'll talk to you all later.