Speaker 1: Hey, folks, Welcome into the Thinking Crypto podcast, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please let that subscribe button as
Speaker 1: well as the thumbs up button and leave a common blow.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Folks,
Speaker 1: I'm sure many of you are seeing the reversal that's
Speaker 1: happening on the bitcoin chart right now. Bitcoin is back
Speaker 1: over one hundred and five thousand dollars. So over the
Speaker 1: past four weeks or so, I've been sharing with you
Speaker 1: guys the chart of bitcoin being in the overbought zone,
Speaker 1: and we were headed to the over sold and we
Speaker 1: went down and touched the zone which I think is
Speaker 1: near the bottom, which is ninety a k. I've said
Speaker 1: that many times in my newsletter as well as on
Speaker 1: the podcast, but I want to be cautiously optimistic here
Speaker 1: because we've seen the markets fake us out. It doesn't
Speaker 1: mean the bull market's over. We're talking about the micro here.
Speaker 1: In the macro, we are headed to new highs, but
Speaker 1: the path to that is going to be balls. You've
Speaker 1: got to expect volatility in this market, so don't be
Speaker 1: surprised if Bitcoin rolls over again to test the ninety
Speaker 1: ak or goes to ninety six K. Just something to
Speaker 1: keep in mind. I'm not saying it's guaranteed. I'm not
Speaker 1: saying it's absolutely going to happen. It's just that as educated,
Speaker 1: informed investors, we want to be prepared for all cycles
Speaker 1: and we don't want to get faked out. We want
Speaker 1: to look at the data and look at what the
Speaker 1: charts are showing at. So Bitcoin, it's RSI bottomed out
Speaker 1: around thirty seven or so, but it could go down
Speaker 1: and that RSI could touch the thirty level or even below.
Speaker 1: We've seen this time and time again. It just depends
Speaker 1: on how things play out and we'll just have to
Speaker 1: be patient. But we're also seeing moves from the stock
Speaker 1: market as well, specifically the S and P five hundred.
Speaker 1: So as I've been saying, global liquidity is the leader here,
Speaker 1: showing us the path where all assets are going to
Speaker 1: go to. Because as the central banks and governments around
Speaker 1: the world continue to inject liquidity by debasing their currency,
Speaker 1: printing more money at prices are going to follow. So
Speaker 1: you're seeing gold, silver, crypto stocks, real estate all hitting
Speaker 1: new highs, right, and they do have their turns. There's
Speaker 1: kind of a cycling of the liquidity, so they don't
Speaker 1: all pump at the same time. But if you just
Speaker 1: zoom out on the charts, you see all these assets
Speaker 1: are moving and of course it's all driven by global liquidity. Now,
Speaker 1: if you go to the micro there's demand for certain stocks,
Speaker 1: there's demand for certain real estate in certain regions, there's
Speaker 1: demand for certain cryptos. But the overall rising tide is
Speaker 1: that global liquidity that is taking the prices to new highs.
Speaker 1: So this is where you have to be patient and
Speaker 1: go through the cycles because it is volatile whether you're
Speaker 1: in the stock market or crypto. And look, I know
Speaker 1: crypto is more volatile. Of course, specifically for the stock market.
Speaker 1: SMP five hundred confirms hidden bullish divergence on the daily.
Speaker 1: So you're seeing the bounces across the board here and
Speaker 1: even certain all coins started bouncing like ethereum, X or
Speaker 1: P and others. So that's a good sign. Like I said,
Speaker 1: just be prepared for a retest of somebody's lows, and
Speaker 1: it's not going to be an extended thing. Could be
Speaker 1: something quick and then the market finds its actual bottom
Speaker 1: and starts moving or like I said, this is maybe
Speaker 1: the bottom and we're moving up. So just remember what
Speaker 1: I'm telling you here so that you can control your
Speaker 1: emotions and understand the path forward. Now here's some very
Speaker 1: bullish news coming out of the Federal Reserve. So here's
Speaker 1: the headline. Federal Reserve officially ends reputational risk oversight, easing
Speaker 1: crypto banking restrictions. So we're seeing easing from the OCC,
Speaker 1: the FED, the FDIC, everything is being opened up here
Speaker 1: for crypto because this acid class and technology is here
Speaker 1: to stay. And the banks are ready to participate because
Speaker 1: we see that legislations on the custom of being passed
Speaker 1: stable coined legislation as well as market structure. So the banks,
Speaker 1: many of them, are already signaled they're ready to launch
Speaker 1: their own stable coins. We recently reported on JP Morgan
Speaker 1: launch their deposit token. Bank of America confirmed just about
Speaker 1: a couple of weeks ago that they are ready to
Speaker 1: launch their stable coins, and even all the major banks
Speaker 1: Bank of America, JP Morgan, Wells Fargo are looking to
Speaker 1: work on a joint stable coin, which I think has
Speaker 1: the vibes of a CBDC. So you got to watch
Speaker 1: out for that. So, guys, things are opening up very
Speaker 1: beautifully here for crypto. It's going to allow more capital
Speaker 1: to come into the acid class, more adoption, and much more,
Speaker 1: which will lead to higher prices. So this is great news.
Speaker 1: And on the legislation front, eleanor terrorit is reporting that
Speaker 1: the Banking GOP is aiming to put out Principles AKA
Speaker 1: and Overview of Core Ideas slash values for its Market
Speaker 1: Structure bill at some point either later today or tomorrow
Speaker 1: ahead of tomorrow's subcommittee hearing on the matter. So now
Speaker 1: that we're seeing a stable coin legislation has been wrapped
Speaker 1: up in a Senate and it's moving to the House.
Speaker 1: We're seeing this Senate is now starting to focus on
Speaker 1: market structure. So many of you know President Trump gave
Speaker 1: the mandate that he wants the bills on his desk
Speaker 1: by the August recess to sign him into laws. So
Speaker 1: the sooner Congress can get this done, the faster these
Speaker 1: things can become law, and that will open up a
Speaker 1: ton of capital to come into the acid class, a
Speaker 1: lot of building and innovation and will all lead to
Speaker 1: higher prices. Now moving ahead, Anthony Pompliano he's in the
Speaker 1: news here. So Anthony Pompliano is getting involved in a
Speaker 1: company that's going to have a bigcoin treasury strategy. It's
Speaker 1: a big one. So here's the headline. Anthony Pompoliano's pro
Speaker 1: Cap to go public in a one billion dollar bigcoin
Speaker 1: treasury SPAC deal. So many of you may have heard
Speaker 1: of spas and how companies can use those to go
Speaker 1: public and much more. And this is a big one
Speaker 1: by pomp I mean one billion dollars, so pretty incredible.
Speaker 1: So pro Cap raise five hundred and fifty million dollars
Speaker 1: in preferred equity and secure two hundred and twenty five
Speaker 1: million dollars in convertible notes. Now Michael Saylor put the
Speaker 1: blueprint out there for this, right, But these companies are
Speaker 1: now looking to go buy up or buy a bunch
Speaker 1: of shares from a company that's already public, and this
Speaker 1: allows their respective company to go public and of course
Speaker 1: do the whole stock arbitrage with buying bitcoin and raising
Speaker 1: debt and all that stuff. So the transaction announced Monday
Speaker 1: positions the new entity pro Cap Financial Incorporated, as one
Speaker 1: of the largest bitcoin treasuries ever to hit public markets.
Speaker 1: So the company plans to generate profit not just by
Speaker 1: holding bitcoin, but by actively deploying its bitcoin balance sheet
Speaker 1: across yield, generating strategies that mitigate risk and capitalize on
Speaker 1: crypto financial infrastructure. The legacy financial system is being disrupted
Speaker 1: by bitcoin, pomp Leiono said in a statement, pro Cap
Speaker 1: Financial represents our solution to increasing demand for bitcoin native
Speaker 1: financial services among sophisticated investors. So, folks, this trend, as
Speaker 1: I've been saying for a long time, over a year now,
Speaker 1: with Sailor and what he's doing and other companies entering
Speaker 1: in this trend, is not ending. It's going to go
Speaker 1: beyond Bitcoin to all coins, and we're starting to see
Speaker 1: a bit of that. We've had news around Solona, etherorem
Speaker 1: and XRP as treasury reserve assets. Now what's appealing about
Speaker 1: your Solanas and your etherorems is the staking component. So
Speaker 1: you have that built in yield feature if you want
Speaker 1: to call it that. But you don't necessarily need that,
Speaker 1: but it is a great attribute. XRP and bitcoin have
Speaker 1: to find defive ways of earning that yield. So it's incredible.
Speaker 1: I mean, one billion dollars that's to buy bitcoin. That's
Speaker 1: pretty incredible and speaking of the treasury reserve asset strategy,
Speaker 1: a semiconductor firm sequons to raise three hundred and eighty
Speaker 1: four million dollars for their bitcoin treasury. So roughly two
Speaker 1: hundred and forty companies now hold bitcoin in their treasuries,
Speaker 1: nearly doubling from one hundred and twenty four just weeks ago. Combine,
Speaker 1: they control around four percent of the total bitcoin supply.
Speaker 1: So we're seeing adoption on many fronts here and it's
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Speaker 1: Link will be in the description. Now, folks, look at
Speaker 1: this news. Crypto hedge fund executives to raise one hundred
Speaker 1: million dollars for BnB treasury vehicle. This is so interesting.
Speaker 1: So according to Bloomberg, former executives at Choral Capital Holdings
Speaker 1: want to create B and B Treasury Company. So, as
Speaker 1: I was saying earlier, you know they're going to go
Speaker 1: beyond bitcoin, and now B and B is entering the game.
Speaker 1: Now this is actually surprising because BnB is a exchange coin.
Speaker 1: It's the native coin of the Binance exchange. So very fascinating.
Speaker 1: But look, if all these assets are going to move
Speaker 1: with global liquidity and they're in the top tens or
Speaker 1: they're getting exposure, they're very liquid, they're gonna do well,
Speaker 1: They're gonna make returns. And if these guys play their
Speaker 1: cards well and they do the arbitrage with raising their
Speaker 1: debt and with their stocks, it could work out. Now,
Speaker 1: what we have to watch out for this could lead
Speaker 1: to some sort of bubble because not everyone's going to
Speaker 1: be a winner. I'm sure not. Everybody's going to be
Speaker 1: doing this the right way. It comes down to the
Speaker 1: team how they manage this. So this could be something
Speaker 1: that takes us into a bear market with some collapses.
Speaker 1: I'm not saying all these companies are going to collapse
Speaker 1: and there's going to be some massive collapse of everything,
Speaker 1: of course, not right, but some will. I mean history
Speaker 1: has taught does this in market, So let's see how
Speaker 1: this all plays out. That's why you want to have
Speaker 1: a profit taking plan near the top of this market,
Speaker 1: to walk away from the bold market with money because
Speaker 1: bear markets do return. So if anyone's telling you there's
Speaker 1: never going to be a bear market ever, again, they
Speaker 1: are lying to you. History is not on their side.
Speaker 1: And we see that the crypto market, stocks and all
Speaker 1: these things, real estate, it's all correlated to global liquidity.
Speaker 1: And if there's a downturn in liquidity and the Fed
Speaker 1: has to raise rates and you know, we go through
Speaker 1: another tightening cycle, of course we're going to see a
Speaker 1: bear market. Right, That's the nature of how the economy
Speaker 1: and the markets work. Now. Anchorage Digital, which is a
Speaker 1: crypto custody firm, they have added defied capability for institutions
Speaker 1: with uniswamp wallet integration. So we continue to see the
Speaker 1: infrastructure being set up for institutional investors, not just retail.
Speaker 1: I think for the most part retail has all these things,
Speaker 1: but for institutions the big money. So this should be
Speaker 1: a clear indication folks, there's demand, there's more money to
Speaker 1: come into this market. And as I said earlier, with
Speaker 1: crypto legislation, once that gets passed, a lot of capital
Speaker 1: that's been sitting on the sidelines are going to jump
Speaker 1: in because there's no longer a risk. It's a market
Speaker 1: that's regulated and protected, and the governments are putting in
Speaker 1: the guardrails and much more so. Nathan McCaulay, who I've
Speaker 1: had on the podcast a few times. He's the CEO
Speaker 1: and co founder of Anchorage Digital, build the integration as
Speaker 1: enabling institutions in DeFi to move at crypto native speed
Speaker 1: without compromising security. So among the company's portal wallets clients
Speaker 1: are Maple, Finance, Suite, Foundation, and Decentralized Exchange DYDX. Other
Speaker 1: companies that have rolled out institutional wallets or platforms include
Speaker 1: block Damen, Fireblocks, Consensus, and Fortify. So folks, the on
Speaker 1: and off rams being built here for more capital to
Speaker 1: come in. Now, we were talking about, you know, all
Speaker 1: coin treasury strategies and much more in Defied Development Corporation.
Speaker 1: I actually interviewed the CEO last week and I'll be
Speaker 1: publishing that into this week. They're using a Salona treasury strategy.
Speaker 1: But look at this. Their stock is going on chain
Speaker 1: via Kraken Exchange, so they're going to tokenize their stocks
Speaker 1: that The company's CEO described its stock tokenization as a
Speaker 1: DeFi lego block suggesting it serves as a foundational piece
Speaker 1: for decentralized finance adoption. So, you know, we've been talking
Speaker 1: at nauseum on this podcast about stocks and equities and
Speaker 1: traditional assets going on blockchain, and it's going to create
Speaker 1: truly global markets twenty four to seven, three hundred and
Speaker 1: sixty five days a year, no more opening and closing bell.
Speaker 1: You know, for years we've talked about that, and it's
Speaker 1: coming to fruition. So it's pretty amazing to see that
Speaker 1: these things are going on chain and it's just going
Speaker 1: to open up a lot of new opportunities and investment products,
Speaker 1: and it's pretty incredible. So let me give you to
Speaker 1: some details here. So Defied Development Corporation, a Salona treasury
Speaker 1: company formerly known as jen Over, announced plans to tokenize
Speaker 1: the shares through a partnership with crypto exchange Kraken. According
Speaker 1: to a Monday announcement, the company will use x stocks,
Speaker 1: a tokenization platform created by backt to bring its shares
Speaker 1: on chain. Kra Can announce a partnership with x stocks
Speaker 1: in May, promising to offer investors tokenize shares of US
Speaker 1: listed companies such as Apple, Tesla, and the Video to
Speaker 1: users in other regions. The platform is built on the
Speaker 1: Salana blockchain. Incredible stuff happening, folks, and this is where you,
Speaker 1: as an investor, you can hold a stock for Defied
Speaker 1: Development Corp. You can also hold the token of the
Speaker 1: Salana blockchain. Right holding the token of the blockchains that
Speaker 1: are being used as the rails. That is where you
Speaker 1: have the opportunity to take the bet. Unlike previous asset
Speaker 1: classes and technology where hedge funds and many folks have
Speaker 1: gotten ahead of time, you can participate freely in buy
Speaker 1: a fraction. You don't have to go put a minimum
Speaker 1: of one hundred thousand dollars or anything. You can buy
Speaker 1: literally one hundred bucks of the Salona token, one hundred
Speaker 1: bucks of xrpe bitcoin and so forth. So that's the
Speaker 1: game changing aspect of this asset class. Now, final news item,
Speaker 1: cipher Mining begins bitcoin production at three hundred megawats Black
Speaker 1: Pearl Data Center. So we're seeing miners are starting to
Speaker 1: ramp up because we're headed, I believe, to the top
Speaker 1: of the market. So they're going to look to grab
Speaker 1: as much bitcoin, and of course they sell their bitcoin
Speaker 1: and you know they're going to get transaction fees and
Speaker 1: much more so. Cipher Mining has started bitcoin production at
Speaker 1: its three hundred megawat Black Pearl facility in Texas, marking
Speaker 1: a significant milestone for the company. Phase one of the
Speaker 1: Black Pearl site is operating at one hundred and fifty
Speaker 1: megawats what's an initial hash rate of two point five
Speaker 1: EXA hashes per second, expected to increase to nine point
Speaker 1: six extra hashes by the end of the third quarter.
Speaker 1: Cipher Mining aims to maintain low production costs and scale
Speaker 1: as quickly as competition intensifies in posts having market. So
Speaker 1: the race is on and they I wouldn't be doing
Speaker 1: this if the bull market wasn't still a thing, right,
Speaker 1: or bitcoin was still going to be going up because
Speaker 1: these miners they have to be profitable and if they
Speaker 1: see a surgeon demands coming the price rising, they're going
Speaker 1: to get more fees, more buyers, so they're going to
Speaker 1: ramp up here. So expect to see the hash rate
Speaker 1: for bitcoin increase significantly. And that's very bullish folks. So
Speaker 1: remember have your profit taking plan even if you don't
Speaker 1: hold bitcoin. But we know bitcoin leads to the market,
Speaker 1: so we're going to use it as a measuring stick
Speaker 1: to get an idea where we're at. And while no
Speaker 1: one can call the exact top, we want to look
Speaker 1: for the top zone and that could be you know,
Speaker 1: over a three month period, we can say, hey, look,
Speaker 1: signals are flashing that this thing is nearing the top.
Speaker 1: So you want to start taking your profits, and like
Speaker 1: I said, we want to walk away from this bullmarket
Speaker 1: with money in our pockets. I've often shared my strategy
Speaker 1: the profits that I take, I will be using the
Speaker 1: pay off debt, add to my retirement, spend a little
Speaker 1: of course, and then take some of that and reinvest
Speaker 1: it in the bloody bear market. So as we start
Speaker 1: heading into a beer market and the prices you know,
Speaker 1: go down and look, they may not go down to
Speaker 1: seventy to eighty percent like we've seen in the previous markets,
Speaker 1: because you have ETFs and much more. But maybe it
Speaker 1: goes down by fifty percent, right or sixty so not
Speaker 1: as deep or maybe less, maybe it goes to forty.
Speaker 1: I don't know. We'll just have to wait and see.
Speaker 1: We don't have a crystal ball, but nevertheless, want to
Speaker 1: take profits off the table and then rinse and repeat.
Speaker 1: You know, relative to other asset classes, this is still
Speaker 1: very early, so there's still juice to be squeezed out
Speaker 1: of this orange, if you know what I mean. And
Speaker 1: with legislation in place, you're going to see a lot
Speaker 1: of buildings, so there's going to be a lot of
Speaker 1: new stuff coming by the time the next bull market arises. Right,
Speaker 1: you have, Each cycle has its own narrative. You've seen
Speaker 1: icos NFTs AI memes and I'm not a fan of memes,
Speaker 1: but you could see a big boom and deepen and
Speaker 1: tokenization even further it tokenization as we head into the
Speaker 1: next bull market, which is around the next having of
Speaker 1: twenty eight. So let's see how this all plays out,
Speaker 1: my friends. The important thing is Like I said, we
Speaker 1: walk away from this bull market with money in our pockets. Folks,
Speaker 1: let me know what you think. Leave your thoughts and
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Speaker 1: will be in a description. Thank you so much for
Speaker 1: watching and listening. I appreciate you all and I'll talk
Speaker 1: to you all later