Speaker 1: I've got bullish news for you.
Speaker 2: Coinbass Stock is going to enter the SMP five hundred,
Speaker 2: replacing Discover. This is insane. I'll give you the details.
Speaker 2: And New York's Mayor Eric Adams comes out making bold
Speaker 2: statements about crypto in New York City. I'll share the
Speaker 2: video with you. And the SEC held their crypto roundtable
Speaker 2: on tokenization today. I'll share what Paul Atkins had to
Speaker 2: say the SEC chair. Let's get into it. Hey, everybody,
Speaker 2: welcome into the Thinking Crypto podcast. You're home for cryptocurrency
Speaker 2: news and interviews. I'm your host, Tony Edward. On your
Speaker 2: way in, Please hit that subscribe button as well as
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Speaker 1: Folks.
Speaker 2: Huge news coming out around Coinbase. Here's what Brian Armstrong,
Speaker 2: CEO of Coinbase, tweeted out. Coinbase just became the first
Speaker 2: and only crypto company to join the SMP five hundred.
Speaker 2: This milestone represents what the true believers, from retail investors
Speaker 2: to institutional investors, to our employees and partners knew all along.
Speaker 1: Crypto is here.
Speaker 2: To stay, folks, this is monumental. This is a landmark
Speaker 2: moment to have a crypto exchange that is publicly traded
Speaker 2: enter the SMP five hundred. You're seeing a bit of
Speaker 2: the change of the guard because this happened in Web
Speaker 2: two when Google and Amazon and all these companies became
Speaker 2: the giants and behemoths that they are, they started entering
Speaker 2: these massive indexes. So this is incredible, folks. Don't miss
Speaker 2: how big this is. And it doesn't happen over a
Speaker 2: Nightcoinbase has been operating since what twenty thirteen, twenty twelve,
Speaker 2: twenty thirteen around that time, and it took time to
Speaker 2: grow their business and eventually go public, and to grow
Speaker 2: their revenue and their earnings and all these things, and
Speaker 2: to enter the SMP five hundred. And guess what, They're
Speaker 2: not going to be the only crypto companies to be
Speaker 2: in these indexes on the stock market. You're going to
Speaker 2: see the others that are going to do IPOs, like
Speaker 2: Circle and many more start to enter these indexes as
Speaker 2: they grow. It's incredible what's happening. So for those of
Speaker 2: you who don't know what the SMP five hundred is,
Speaker 2: I'll give you a definition, the Standard and Poorest five hundred,
Speaker 2: or simply the SMP five hundred, is a stock market
Speaker 2: index tracking the stock performance of five hundred leading companies
Speaker 2: listed on stock exchanges in the United States, so essentially
Speaker 2: the top five hundred companies, and then you have the
Speaker 2: Nasdaq one hundred the Dow Jones. So you can go
Speaker 2: research that on your own, but just make sure you
Speaker 2: understand the significance of crypto entering these indexes. It's incredible, folks.
Speaker 2: Brian also shared some other thoughts, saying two other thoughts. One,
Speaker 2: crypto is about to be in everyone's four one K two.
Speaker 2: My goal is that in five to ten years, getting
Speaker 2: into coin fifty index will feel as good as this.
Speaker 2: And folks, guess who they're replacing in that SMP five hundred.
Speaker 2: Discover financial services, so essentially discover a credit card company, right,
Speaker 2: and it's just a landmark moment, a old credit card company,
Speaker 2: not the top one obviously, but still a crypto company
Speaker 2: replacing it.
Speaker 1: It's like this the changing of the guard.
Speaker 2: As I said earlier, it's amazing to see this play out.
Speaker 2: And here's what Jesse Pollock of coinbase said today. Coinbase
Speaker 2: is the first on chain company to join the SMP
Speaker 2: of high Rendred. Next step, bring the sm P hive
Speaker 2: hundred on chain, and he spot on they're going to
Speaker 2: tokenize all of these stocks and commodities and much more.
Speaker 2: All these indexes will go on chain. So this is
Speaker 2: the future, folks and Nature Raci, president of the ETF store,
Speaker 2: shared something interesting and very funny in my opinion, he said,
Speaker 2: think about how many Vanguard investors will now invest in coinbase,
Speaker 2: but they still can't buy spot bitcoiner eat ETFs on
Speaker 2: Vanguard's brokerage platform. Vanguard is fighting a losing battle on this.
Speaker 2: In my opinion, I still think they capitulate. So remember
Speaker 2: Vanguard said.
Speaker 1: We're never going to offer this.
Speaker 2: If we looked at it, we don't want it, and
Speaker 2: then all of a sudden their CEO got fired and
Speaker 2: they're really taking that stance. And I've been saying if
Speaker 2: they don't capitulate, if they don't adopt this technology, they
Speaker 2: will have their blockbuster mown because as the assets go
Speaker 2: on chain and their competitors start offering these ETFs and
Speaker 2: much more, they're going to lose out of market share
Speaker 2: and revenue. I don't know who's running the company there,
Speaker 2: but they better capitulate soon or their competitors on Wall
Speaker 2: Street they are going to steal their lunch and they're
Speaker 2: going to lose clients because people are going to see that.
Speaker 2: You know, others are investing in bigcoin ETFs, that companies
Speaker 2: are adding bitcoin to their balance sheets. States in the
Speaker 2: United States are passing bigcoin reserve bills and much more so.
Speaker 2: I think Nate is spot on here and moving ahead.
Speaker 2: We got news around crypto dot Com. They have obtained
Speaker 2: a restricted dealer registration in Canada. So crypto dot com
Speaker 2: is another big crypto exchange, not as big as coinbase,
Speaker 2: of course, but we continue to see expansion and building. Folks,
Speaker 2: it's amazing to see this play out. All these companies
Speaker 2: know what's coming and the future is on chain. I've
Speaker 2: said it many times. The markets, the economy, the governments
Speaker 2: will be running on blockchain, and look at this. New
Speaker 2: York City Mayor Eric Adams says his goal is to
Speaker 2: make New York City the crypto capital of the globe.
Speaker 2: So he came out today in a press conference talking
Speaker 2: about investments in New York City and much more. What
Speaker 2: you're going to start to see is a cleanup of
Speaker 2: all of these big cities that had problems coming out
Speaker 2: of COVID because the money printing cycle is coming. That's
Speaker 2: a whole other podcast, but I've been tweeting about it
Speaker 2: and that you're seeing millionaires flocking back to big cities
Speaker 2: again and they're buying up the properties that are being
Speaker 2: depreciated in value.
Speaker 1: So I hope you understand how that game is played.
Speaker 2: And this is where you have to be careful to
Speaker 2: not get caught up in political talking points.
Speaker 1: But let me play the clip here for you.
Speaker 3: My goal remains the same as it was on day
Speaker 3: one as maya, making New York City the crypto capital
Speaker 3: of the globe. And as you remember, I supported crypto
Speaker 3: long before any of my mayor o peers. I was
Speaker 3: the first American mayor to have my INITIALE three paychecks
Speaker 3: converted into crypto, way back in twenty twenty two. Many
Speaker 3: people laughed at me, and I don't have to say,
Speaker 3: is who's laughing now with seeing.
Speaker 2: So wow big statements And you don't have to like
Speaker 2: Eric Adams. That's not the point, right. The point is
Speaker 2: game theory is playing out here. We are seeing a
Speaker 2: race for states and cities and much more to attract
Speaker 2: crypto businesses because they're going to create jobs and bring
Speaker 2: wealth and much more. The same way these cities embrace
Speaker 2: Web one and Web two is the same thing playing
Speaker 2: out here. So if they don't do it, they're going
Speaker 2: to lose out. So that's why we're seeing these folks
Speaker 2: coming out and.
Speaker 1: Talking about these things.
Speaker 2: I just remember some people are still out there saying
Speaker 2: this is a Ponzi scam, fake magic Internet money and
Speaker 2: so forth. They don't understand the nature of the blockchain,
Speaker 2: but they're going to be used and they won't even
Speaker 2: know about it. But we have the opportunity to participate,
Speaker 2: invest and make great returns, possibly life changing money as
Speaker 2: well for some of you. So this is why we're here.
Speaker 2: We're doing our research, we're educating ourselves. We're paying attention
Speaker 2: to the charts because we want to ride the bullmarket cycle,
Speaker 2: take our profits, then come the bear market, buy back
Speaker 2: in the lows when the blood is on the street,
Speaker 2: rinse and repeat. So incredibly bullish stuff here now, folks.
Speaker 2: Quick word from our sponsor, and that is Proppy. Propy
Speaker 2: is leading the charge with putting real estate on chain.
Speaker 1: Folks.
Speaker 2: You can use Propy to buy a house and pay
Speaker 2: with crypto, so they enable crypto transactions for real estate.
Speaker 2: They're also tokenizing real estate. They're creating NFTs for properties,
Speaker 2: they put deeds and titles on chain, and they're a
Speaker 2: licensed Web three pioneer. They've been around since twenty seventeen.
Speaker 2: They've facilitated over four billion dollars in transactions and for
Speaker 2: the purchasing, the buying and selling of the properties with crypto.
Speaker 2: Use coinbase for the crypto escro service. And folks, I'm
Speaker 2: an investor in the pro token, which is the native
Speaker 2: token on the property blockchain, and I bought the token
Speaker 2: back in twenty eighteen because I saw Propy being ahead
Speaker 2: of the curve in disrupting the real estate industry with
Speaker 2: blockchain and crypto. So this is a great project. I'm
Speaker 2: very bullish on it, and you all know all these
Speaker 2: assets are going on chain, so Propy's once again leading
Speaker 2: the charge here. No one else comes close. And Propy's
Speaker 2: working with a lot of the real estate firms and
Speaker 2: associations around the United States and even in different parts
Speaker 2: of the world. So if you'd like to learn more,
Speaker 2: visit the link in the description now, Folks, Today was
Speaker 2: the SEC's Crypto Roundtable and the topic was tokenization, so
Speaker 2: you know, we've been talking a lot about tokenization, so
Speaker 2: this was a big one and SEC chair Paul Atkins
Speaker 2: gave the keynote speech. Some of the major takeaways for
Speaker 2: him was one to create clearer guidelines for crypto issuance
Speaker 2: and explore new registration exemptions and safe harbors to provide consumers.
Speaker 2: Expand ended custody options, including self custody and potential updates
Speaker 2: to the qualified Custodian definition. Number three, explore integrated trading
Speaker 2: platforms and modernization of ATS regulations to better accommodate crypto assets.
Speaker 2: Here's a quote from what he had to say today.
Speaker 2: I am in favor of allowing registrants to trade a
Speaker 2: broader variety of products on their platforms and in response
Speaker 2: to market demand, activities which previous commissions had prevented. For example,
Speaker 2: some broker dealers seek to go to market with a
Speaker 2: super app that offers trading and securities and non securities
Speaker 2: and other financial services all under a single roof. Think
Speaker 2: he's talking about like robinhood there. So it's amazing to
Speaker 2: see how the SEC is embracing crypto, the transparency, the
Speaker 2: progress being made, This is just great. And even hester
Speaker 2: Pur spoke and you know, she weighed in saying tokenization
Speaker 2: cannot reach its full potential without legal clarity. So of
Speaker 2: course they're going to be working with Congress to get
Speaker 2: this done. It's incredible, folks, very very bullish news here. Now,
Speaker 2: Korage Digital, which is one of the top custodians in
Speaker 2: the crypto market, they're looking to acquire USDM issuer mountain
Speaker 2: protocol in stable coin expansion move. It seems like everybody
Speaker 2: is looking to create a stable coin these days. It's
Speaker 2: incredible what's happening crypto bank Anchorage Digital said it has
Speaker 2: agreed to acquire yield bearing stablecoin issue a mountain protocol.
Speaker 2: The deal aims to integrate mountains technology and team into
Speaker 2: anchorages operations, pending regulatory approval. So these are healthy signs
Speaker 2: of the market growing mergers acquisitions, companies looking to go public,
Speaker 2: and they're not going to do this in a bear market.
Speaker 2: So this is why I keep telling you guys, we're
Speaker 2: in a bull market. You're seeing the signs on the charts,
Speaker 2: the on chain data, the macro of a global liquidity,
Speaker 2: the DXY collapsing, and the activity from companies in the
Speaker 2: crypto market.
Speaker 1: So big news here.
Speaker 2: Look at this Trump family backed American Bitcoin to go
Speaker 2: public via merger with Gryphon Digital. So many of you
Speaker 2: know the Trump kids, Eric and Don Junior. You know
Speaker 2: they're involved with bitcoin mining companies and other things like
Speaker 2: we're liberally financial. So just as I said, companies going public,
Speaker 2: no one goes public in a bear market, right because
Speaker 2: no one is going to be investing. It's not easy
Speaker 2: to get capital. And much more so. Gryphon's sharers soore
Speaker 2: two hundred percent pre market, while HUT eight gains twelve
Speaker 2: percent following the announcement of American Bitcoin's public debut via
Speaker 2: merger new entity to trade as ABTC on NASDAC, with
Speaker 2: HUT eight retaining majority ownership and securing long term infrastructure contracts.
Speaker 2: So folks, just look at what's happening. The signals are there,
Speaker 2: The signs are there that we are still in a
Speaker 2: bull market. And look, I know some of you're going
Speaker 2: to say, well, these things are signs also that the
Speaker 2: top is not far away, right, that we're entering the
Speaker 2: top zone. And I would say yes, but it doesn't
Speaker 2: mean it happens in a week or a month. A
Speaker 2: top zone can be three to six months. So just
Speaker 2: you know, have your cash out plant. And this is
Speaker 2: all great. You want this positive news. It drives more liquidity,
Speaker 2: more attention, more momentum and all that. But your goal
Speaker 2: here take profits off the table. No one can call
Speaker 2: the exact top. So that's why you have to dollar
Speaker 2: cost average out. And I will be on here telling
Speaker 2: you guys when I'm taking profits. Right, I'm like, hey,
Speaker 2: I just sold some and YadA YadA. Right, I'll tell
Speaker 2: you guys. So this is why you got to make
Speaker 2: sure you subscribe.
Speaker 1: All right.
Speaker 2: Moving ahead, the French company, the Blockchain Group, to raise
Speaker 2: twelve point one million euros to buy more bitcoin. So
Speaker 2: we're seeing the bitcoin treasury strategy for companies and corporations
Speaker 2: is happening globally, folks. The biggest one outside of the
Speaker 2: United States is of course Meta Planet in Japan, but
Speaker 2: you're seeing companies from everywhere doing this. This is something
Speaker 2: that Michael Saylor and Strategy. You know, they started it,
Speaker 2: and Michael has been out educating people and advocating for it,
Speaker 2: and I think folks are recognizing that this could help
Speaker 2: them them and help preserve their purchasing power for the
Speaker 2: cash on their balance sheet because we're all facing inflation,
Speaker 2: and inflation is not gonna go away. It's it's part
Speaker 2: of the debt system. Even today we got news that
Speaker 2: the Republican tax bill raises the US debt limit by
Speaker 2: four trillion dollars. How are they going to pay for
Speaker 2: all this? Right, they're gonna have to fire up the
Speaker 2: money printer. Even if you look at what Doge has done.
Speaker 2: And I'm not against Doge, I actually believe in Doge
Speaker 2: in the mission. I believe it's it's something we do
Speaker 2: need to work on, and it's not going to happen overnight.
Speaker 2: But the nature of this beast, it is a debt
Speaker 2: based system. When they took it off of gold, it
Speaker 2: became a debt based system and it opened up a
Speaker 2: lot of opportunities. Don't get me wrong, but you know,
Speaker 2: they abuse it and they has a lot of wasteful spending.
Speaker 2: But the problem is the amount of spending and the
Speaker 2: debt they've accrued and the debt they need to power
Speaker 2: the run the government vastly outweighs what Dog has been
Speaker 2: able to say, Dose just save like one hundred and
Speaker 2: fifty billion, but we're talking trillions here. So again, I'm
Speaker 2: not against dose. I just think in the long term
Speaker 2: we're gonna have to chip away at this and figure
Speaker 2: out some things, put it on the blockchain, you know,
Speaker 2: as Elon had said. And you don't have to like
Speaker 2: Elon or anything like that. It's just a matter of
Speaker 2: getting these things done. The principle of it right that
Speaker 2: we want to spend less and maintain our spending so
Speaker 2: we're not in this vicious cycle of huge debt and
Speaker 2: continuing of money printing and debasement of currency, folks. So
Speaker 2: this is where we're at now.
Speaker 1: Look at this.
Speaker 2: South Korean's bet big on XRP, doge coin as easing
Speaker 2: trade war fuels risk taking. Korean crypto markets are experiencing
Speaker 2: a rally influenced by one billion dollars short squeeze and
Speaker 2: improving geopolitical sentiment.
Speaker 1: Now, obviously overall.
Speaker 2: The markets everywhere are you know, doing well because we're
Speaker 2: seeing some sort of path to resolution with the tariff situation,
Speaker 2: the uncertainty being removed, and cryptos.
Speaker 1: Popular in South Korea.
Speaker 2: And it's interesting because we're seeing a lot of volume
Speaker 2: there around XRP and dosh coin, it even surpassing bitcoin
Speaker 2: and ether. So I often like to remind people crypto
Speaker 2: is a global asset class and because many of these
Speaker 2: coins are hardcap and you have liquidity coming in from
Speaker 2: every part of the world right unlike the stock market,
Speaker 2: which only certain people can access. That that's why they
Speaker 2: want to tokenize it now because it will open it up.
Speaker 2: Even gold is not accessible to everybody, you know, in
Speaker 2: every market, but crypto is because it grew outside of
Speaker 2: the legacy trad file system with crypto exchanges, and that's
Speaker 2: why we had all the fight against crypto, because crypto's
Speaker 2: disrupting the status quo. So it's really great to see
Speaker 2: the bull market coming alive globally and liquidity coming in.
Speaker 2: And I'll remind you once again, folks, for the million time,
Speaker 2: have that cash op plan. Know I'm saying this because
Speaker 2: I know people are going to get caught up in
Speaker 2: the emotion. It is going to feel a euphoric. It's
Speaker 2: just is going up. Look at the volume, look at
Speaker 2: the price surge. It doesn't last forever, So know what
Speaker 2: you're doing. Walk away from the bullmarket with some money
Speaker 2: in your pocket. Folks, that's the news. Let me know
Speaker 2: what you think. Leave your thoughts and comments below. A
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Speaker 2: is a comprehensive course that teaches you every aspect of crypto,
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Speaker 2: hear from founders, CEOs and institutional investors. They will be
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Speaker 2: I have my crypto cash out template that's in there
Speaker 2: as well. There's tons of stuff, so check it out.
Speaker 2: Go to Mycrypto Course dot com. Folks, thank you for
Speaker 2: watching and listening. I appreciate you all and I'll talk
Speaker 2: to you all later.