Speaker 1: Hey, folks, welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please sit that subscribe button as
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Speaker 1: we have to start by talking about the price of bitcoin,
Speaker 1: because it took back a lot of the gains it
Speaker 1: made over the past twenty four to thirty six hours.
Speaker 1: It was trading at near one hundred and twenty two
Speaker 1: thousand dollars last night, but now it corrected and it
Speaker 1: is currently trading just above one hundred and nineteen thousand.
Speaker 1: But there's no cost for alarm. I often state that
Speaker 1: markets can fake us out, right, there's usually fake outs.
Speaker 1: But from the macro perspective, we're still on track. Everything
Speaker 1: is still looking bullish. There has been no invalidation of
Speaker 1: the bullmarket. As I've been telling you guys since the
Speaker 1: tariff crash and much more. All the respective metrics and
Speaker 1: signals are there, and the one good sign we continued
Speaker 1: to see is that the mac D on the daily
Speaker 1: chart for Bitcoin has flipped green, so the bullsary controlled
Speaker 1: despite this pullback, so we just got to be patient.
Speaker 1: I do believe we're going to see a major rally
Speaker 1: this month of Bitcoin hitting new highs, and obviously we're
Speaker 1: not far from that, and I believe all coins are
Speaker 1: going to rally as well, but we got to be patient. Now.
Speaker 1: We continue to look at global liquidity as the major
Speaker 1: leading indicator. Global liquidity, as I've been telling you guys,
Speaker 1: shows a top right now in late September early October,
Speaker 1: so it could continue to rise. We just have to
Speaker 1: wait and see. As of the data today, it shows
Speaker 1: that's the top. So right now we have to plan
Speaker 1: for Q four early Q four being the top of
Speaker 1: the market. And in addition, if you saw the news
Speaker 1: today from the mainstream of outlets, Trump extends the China
Speaker 1: TARF deadline by ninety days. That puts us into October,
Speaker 1: so a major macro roadblock here being pushed back once again.
Speaker 1: In addition, we expect Congress to pass the Crypto Market
Speaker 1: Structure Bill, the CLARITIAC by the end of September early October.
Speaker 1: So you have these three major pillars here saying that
Speaker 1: the blow off top is going to be around early
Speaker 1: Q four. Now we can extend, we can see global
Speaker 1: equity rebound, where this thing goes further into Q four,
Speaker 1: maybe it spills over to twenty twenty six. But as
Speaker 1: of right now, these are the things I'm looking at,
Speaker 1: and they're facts, the data of global liquidity. Congress David
Speaker 1: Sachs said, Congress is going to get the market Structure
Speaker 1: Bill passed by the end of September. That's going to
Speaker 1: be a huge narrative that mainstream media is going to
Speaker 1: run with, and then the tariff deadline pushback. So you know,
Speaker 1: if you disagree with me, please leave your comments below
Speaker 1: telling me why this is wrong. But I think you
Speaker 1: all can reasonably see here through the process of elimination
Speaker 1: and certain factors we've seen historically that this is setting
Speaker 1: up for a blow off top comme Q four. But
Speaker 1: we'll have to wait and see. But guys, like I said,
Speaker 1: be patient. The market's doing its thing. The macro thesis
Speaker 1: is still in play, all right, moving ahead. Commissioner Hester
Speaker 1: Purse and Chairpaul Atkins of the SEC today confirm the
Speaker 1: wrapping up of the SEC versus Ripple case. This is
Speaker 1: important because you still have the floodsters out there saying
Speaker 1: we want to see from the SEC and all kinds
Speaker 1: of crap. Right, so Hester Purse, Commissioner the SEC, tweeted
Speaker 1: out last week the SEC's case against Ripple was finally
Speaker 1: laid to rest, a welcome development for many reasons, including
Speaker 1: that minds, once occupied with litigation, can now concentrate on
Speaker 1: creating a clear regulatory framework for crypto. So I've often
Speaker 1: said the Ripple case certainly sets a precedent because its
Speaker 1: case law can be used to help craft regulations and
Speaker 1: much more. And look at this Chair. Paul Atkins replied
Speaker 1: to her tweet here, saying, Commissioner Purse is right. With
Speaker 1: this chapter closed, we now have an opportunity to shift
Speaker 1: our energy from the courtroom to the policy drafting table.
Speaker 1: Our focus should be on building a clear regulatory framework
Speaker 1: that fosters innovation while protecting investors. Hashtag Project Crypto. This
Speaker 1: is great. This is the transparency and the communication level
Speaker 1: that we wanted for over the past four years with
Speaker 1: Gary Ginser. But of course he was a scumbag regulator.
Speaker 1: But great to see the SEC has done a complete
Speaker 1: one to eighty and things are moving in the right direction.
Speaker 1: So this is very very bullish now. Pacso's the stable
Speaker 1: coin infrastructure and issuer company. They have joined Ripple and
Speaker 1: Circle in pursuit of seeking a national bank charter license.
Speaker 1: So many of these crypto companies are looking to establish
Speaker 1: themselves to be bank like, if not full on to
Speaker 1: be a bank. And that's why JP Morgan, Jamie Diamond
Speaker 1: and all these guys are so scared right disruptions at
Speaker 1: their doorstep. So, the firm which issues paypals, PYUSD and
Speaker 1: Pax dollars said it was looking to convert its New
Speaker 1: York Department of Financial Services trust charter into a national one.
Speaker 1: Over the past few months, Ripple and Circle have also
Speaker 1: applied for banking licenses with the OCC. So crypto is
Speaker 1: certainly disrupting the financial system and markets and payments, and
Speaker 1: the next logical step is to get these banking charter licenses.
Speaker 1: So very very bullish news here, and expect to see
Speaker 1: more of this. I think a lot of companies are
Speaker 1: going to apply for these licenses now. Quick word from
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Speaker 1: this news. It's very big. Jeff Bezos's Blue Origin now
Speaker 1: takes bigcoin and other cryptos for space flights. This is
Speaker 1: huge adoption and this is an indication of crypto's maturity
Speaker 1: and growth that a space tourism company will accept crypto
Speaker 1: because they know a lot of rich people own crypto.
Speaker 1: Now a lot of Wall Street and trad five folks
Speaker 1: are getting involved. So here's the headline, space tourism meets
Speaker 1: crypto as Blue Origin accepts Bitcoin, Ether and USDT. So
Speaker 1: this is really amazing news. And of course the question
Speaker 1: comes up, will Amazon be next? Because of Jeff Bezos's
Speaker 1: link to Amazon, obviously his influence and much more. So
Speaker 1: let me give it a detail. Jeff Bezos's Blue Origin
Speaker 1: has partnered with Shift for Payments to let customers pay
Speaker 1: for trips to outer space and cryptocurrencies and stable coins.
Speaker 1: According to a Monday press release Blue Origins. New Shepherd
Speaker 1: tickets can be purchased in Bitcoin, Ether, Solana, USDT, and
Speaker 1: USDC Blue Origin, which has flown more than seventy five
Speaker 1: passengers past the Carmen line. If I'm saying that right,
Speaker 1: the internationally recognized boundary where Earth's atmosphere ends and space
Speaker 1: begins will accept direct payments from popular wallets like Meta
Speaker 1: Mass and Coinbase. Shift For CEO Taylor Lawber said the
Speaker 1: company was thrilled to extend its vision of revolutionizing commerce
Speaker 1: beyond Earth. Alex Wilson, head of crypto as Shift for,
Speaker 1: said crypto and stable coins will likely become an increasingly
Speaker 1: popular way to pay for high end purchases. So, folks,
Speaker 1: this is adoption news, I mean incredible, right, And once
Speaker 1: again is Amazon around the corner. I do believe eventually Amazon,
Speaker 1: Walmart and all these big retailers are going to accept crypto.
Speaker 1: They may be a bit slower because they have a
Speaker 1: lot of moving parts and components, a lot of different products,
Speaker 1: if the products at different evaluations of prices and so forth,
Speaker 1: so you know, this is where it may take them
Speaker 1: a bit longer. But I think they will eventually because
Speaker 1: crypto is getting the clarity from legislation. It's getting mainstream adoption.
Speaker 1: It's here to stay, clearly, So it's just matter of time,
Speaker 1: it's not a matter of if. So let's see who
Speaker 1: else follows. But this is huge, huge adoption news. Now, folks,
Speaker 1: we got huge news around chain Link. Many of you
Speaker 1: know I'm a link holder. I'm very bullish on this project. Well,
Speaker 1: they have partnered with the Intercontinental Exchange, and the Intercontinental
Speaker 1: Exchange also known as ICE, is the parent company of
Speaker 1: the New York Stock Exchange, so they're a massive institution.
Speaker 1: So the collaboration will allow chain link to now bring
Speaker 1: high quality derived for X and precious metals data on
Speaker 1: chain This is why I'm bullish on chain Link. Many
Speaker 1: other blockchains use chain links, price feeds and oracles. They
Speaker 1: have an amazing solution and I'm hoping to get the founder,
Speaker 1: Sergei Nazarov on the podcast very soon. So this is incredible.
Speaker 1: I mean, here's a quote from the folks at ICE.
Speaker 1: With content from over three hundred global exchanges and marketplaces.
Speaker 1: The ICE Consolidated Feed offers trusted, structured, multi asset class
Speaker 1: data to banks, asset managers, and ISVs located around the world.
Speaker 1: We're happy to work with Chainlink to securely and reliably
Speaker 1: provide data for on chain markets, which is an important
Speaker 1: step in growing the global blockchain economy. Folks, this is huge.
Speaker 1: This is real world adoption by a massive institution, So
Speaker 1: very very bullish if you're a link holder, I mean
Speaker 1: pretty incredible, and this is why I hold it it
Speaker 1: by a portfolio. And obviously, folks, I'm not telling you
Speaker 1: to go investment. Obviously, do your research, but Link is
Speaker 1: getting a lot of adoption now swee. I've added this
Speaker 1: to my portfolio over the past year in the dips
Speaker 1: when when you know, things were crashing, of course in
Speaker 1: a tire crash. And I don't hold it. I don't
Speaker 1: have a huge bag of suite, but you know it's
Speaker 1: been getting a lot of adoption and a lot of
Speaker 1: vcs backing it well. Sweet treasury company Mill City Ventures
Speaker 1: adds twenty million dollars more of the token at ace
Speaker 1: like discount. So we continue to see the general trend
Speaker 1: of crypto treasury strategies grow, and it's expanding beyond Bitcoin
Speaker 1: obviously Ethereum, Sweet Solana, XRP, and much more. There's even
Speaker 1: a company doing a light cooin, so incredible what's happening
Speaker 1: on the treasury front. So Mill City Ventures, this Sweet
Speaker 1: Digital Asset Treasury, supported by the Tokens Foundation and other
Speaker 1: large holders, added over twenty million dollars worth of suite
Speaker 1: at a discount to market prices. The Nasdaq listed company
Speaker 1: added over five point six million suite at an average
Speaker 1: price of three dollars and sixty five cents per token.
Speaker 1: Mill City has an arrangement to acquire Tokens directly from
Speaker 1: the Swie Foundation at a discount, So that's how most
Speaker 1: of these folks are doing it. And again, incredible stuff.
Speaker 1: This is certainly going to help help the price. You know,
Speaker 1: as you have these treasury companies buying and they're putting
Speaker 1: it out there and they do the press release and
Speaker 1: so forth, you know it's going to drive a lot
Speaker 1: of liquidity and fomo and so on and so forth.
Speaker 1: And not just for Sweet, the same thing for XRP, Salana,
Speaker 1: Ethereum and much more. Man, there's a lot of ethereum
Speaker 1: by happening right now for treasury companies. Joe Lubin's Sharp Link,
Speaker 1: the gaming company, they've been buying incredible amounts of ether.
Speaker 1: So the one thing I've been saying though, you know,
Speaker 1: I'll reiterate myself that there's a bit of a bubble
Speaker 1: forming here and you could see some of these companies,
Speaker 1: not all, some collapse in the bear market because of
Speaker 1: poor management, and some of them might you know, raised
Speaker 1: too much debt, kind of over leverage themselves. And we've
Speaker 1: seen historically history has taught us too much leverage in
Speaker 1: the system. You know what's going to happen, right, some
Speaker 1: sort of flush out, some sort of crash. So that's
Speaker 1: where I'll be backing up the truck to buy the
Speaker 1: bloody bear market and getting ready for the next bullmarket.
Speaker 1: All right, folks, that's the news. Let me know what
Speaker 1: you think. Leave your thoughts and comments below. By the way,
Speaker 1: I have two major interviews this week that I want
Speaker 1: to let you guys know. I'll be interviewing Sean Agarwall coinbase.
Speaker 1: It's the VP of corporate and business Development. We're going
Speaker 1: to talk about coin basis partnership with JP Morgan and
Speaker 1: PNC Bank to offer a crypto. You don't want to
Speaker 1: miss that. And I'll be also talking to you Vall Ruse,
Speaker 1: who is the co founder and CEO of Digital Asset.
Speaker 1: They are the developers and builders of the Canton Network,
Speaker 1: which is a new layer one blockchain targeted specifically for
Speaker 1: financial institutions like banks and much more. And they raise
Speaker 1: one hundred and thirty five million dollars from Goldman, Sachs
Speaker 1: and Sitadel and others. So that's going to be a
Speaker 1: really great conversation to learn why they're building this specific
Speaker 1: blockchain versus using the ones out there. So these are
Speaker 1: two major interviews I'll be bringing you guys. The interviews
Speaker 1: are this week and I'll be publishing next week, so
Speaker 1: stay tuned. Make sure you subscribe, folks. I'm trying to
Speaker 1: bring you some great interviews, folks. A great way you
Speaker 1: can support me is by subscribing to my free email newsletter.
Speaker 1: It's one hundred percent free. Link will be in a description.
Speaker 1: Check out my book on Amazon. It's available in paperback,
Speaker 1: in digital, and my course at Mycrypto course dot com.
Speaker 1: This is a comprehensive course that teaches you everything about cryptos,
Speaker 1: so check it out if you want to expand your
Speaker 1: nuns knowledge. Folks, thank you so much for watching and listening.
Speaker 1: I appreciate you all, and I'll talk to you all later.