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<v Speaker 1>Hey, folks, Welcome into the Thinking Crypto podcast, your 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 common blow.

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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 leave a five star rating and review. Folks,

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<v Speaker 1>I'm sure many of you are seeing the reversal that's

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<v Speaker 1>happening on the bitcoin chart right now. Bitcoin is back

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<v Speaker 1>over one hundred and five thousand dollars. So over the

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<v Speaker 1>past four weeks or so, I've been sharing with you

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<v Speaker 1>guys the chart of bitcoin being in the overbought zone,

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<v Speaker 1>and we were headed to the over sold and we

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<v Speaker 1>went down and touched the zone which I think is

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<v Speaker 1>near the bottom, which is ninety a k. I've said

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<v Speaker 1>that many times in my newsletter as well as on

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<v Speaker 1>the podcast, but I want to be cautiously optimistic here

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<v Speaker 1>because we've seen the markets fake us out. It doesn't

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<v Speaker 1>mean the bull market's over. We're talking about the micro here.

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<v Speaker 1>In the macro, we are headed to new highs, but

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<v Speaker 1>the path to that is going to be balls. You've

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<v Speaker 1>got to expect volatility in this market, so don't be

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<v Speaker 1>surprised if Bitcoin rolls over again to test the ninety

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<v Speaker 1>ak or goes to ninety six K. Just something to

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<v Speaker 1>keep in mind. I'm not saying it's guaranteed. I'm not

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<v Speaker 1>saying it's absolutely going to happen. It's just that as educated,

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<v Speaker 1>informed investors, we want to be prepared for all cycles

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<v Speaker 1>and we don't want to get faked out. We want

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<v Speaker 1>to look at the data and look at what the

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<v Speaker 1>charts are showing at. So Bitcoin, it's RSI bottomed out

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<v Speaker 1>around thirty seven or so, but it could go down

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<v Speaker 1>and that RSI could touch the thirty level or even below.

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<v Speaker 1>We've seen this time and time again. It just depends

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<v Speaker 1>on how things play out and we'll just have to

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<v Speaker 1>be patient. But we're also seeing moves from the stock

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<v Speaker 1>market as well, specifically the S and P five hundred.

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<v Speaker 1>So as I've been saying, global liquidity is the leader here,

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<v Speaker 1>showing us the path where all assets are going to

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<v Speaker 1>go to. Because as the central banks and governments around

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<v Speaker 1>the world continue to inject liquidity by debasing their currency,

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<v Speaker 1>printing more money at prices are going to follow. So

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<v Speaker 1>you're seeing gold, silver, crypto stocks, real estate all hitting

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<v Speaker 1>new highs, right, and they do have their turns. There's

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<v Speaker 1>kind of a cycling of the liquidity, so they don't

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<v Speaker 1>all pump at the same time. But if you just

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<v Speaker 1>zoom out on the charts, you see all these assets

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<v Speaker 1>are moving and of course it's all driven by global liquidity. Now,

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<v Speaker 1>if you go to the micro there's demand for certain stocks,

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<v Speaker 1>there's demand for certain real estate in certain regions, there's

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<v Speaker 1>demand for certain cryptos. But the overall rising tide is

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<v Speaker 1>that global liquidity that is taking the prices to new highs.

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<v Speaker 1>So this is where you have to be patient and

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<v Speaker 1>go through the cycles because it is volatile whether you're

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<v Speaker 1>in the stock market or crypto. And look, I know

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<v Speaker 1>crypto is more volatile. Of course, specifically for the stock market.

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<v Speaker 1>SMP five hundred confirms hidden bullish divergence on the daily.

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<v Speaker 1>So you're seeing the bounces across the board here and

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<v Speaker 1>even certain all coins started bouncing like ethereum, X or

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<v Speaker 1>P and others. So that's a good sign. Like I said,

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<v Speaker 1>just be prepared for a retest of somebody's lows, and

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<v Speaker 1>it's not going to be an extended thing. Could be

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<v Speaker 1>something quick and then the market finds its actual bottom

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<v Speaker 1>and starts moving or like I said, this is maybe

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<v Speaker 1>the bottom and we're moving up. So just remember what

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<v Speaker 1>I'm telling you here so that you can control your

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<v Speaker 1>emotions and understand the path forward. Now here's some very

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<v Speaker 1>bullish news coming out of the Federal Reserve. So here's

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<v Speaker 1>the headline. Federal Reserve officially ends reputational risk oversight, easing

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<v Speaker 1>crypto banking restrictions. So we're seeing easing from the OCC,

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<v Speaker 1>the FED, the FDIC, everything is being opened up here

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<v Speaker 1>for crypto because this acid class and technology is here

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<v Speaker 1>to stay. And the banks are ready to participate because

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<v Speaker 1>we see that legislations on the custom of being passed

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<v Speaker 1>stable coined legislation as well as market structure. So the banks,

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<v Speaker 1>many of them, are already signaled they're ready to launch

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<v Speaker 1>their own stable coins. We recently reported on JP Morgan

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<v Speaker 1>launch their deposit token. Bank of America confirmed just about

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<v Speaker 1>a couple of weeks ago that they are ready to

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<v Speaker 1>launch their stable coins, and even all the major banks

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<v Speaker 1>Bank of America, JP Morgan, Wells Fargo are looking to

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<v Speaker 1>work on a joint stable coin, which I think has

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<v Speaker 1>the vibes of a CBDC. So you got to watch

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<v Speaker 1>out for that. So, guys, things are opening up very

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<v Speaker 1>beautifully here for crypto. It's going to allow more capital

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<v Speaker 1>to come into the acid class, more adoption, and much more,

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<v Speaker 1>which will lead to higher prices. So this is great news.

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<v Speaker 1>And on the legislation front, eleanor terrorit is reporting that

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<v Speaker 1>the Banking GOP is aiming to put out Principles AKA

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<v Speaker 1>and Overview of Core Ideas slash values for its Market

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<v Speaker 1>Structure bill at some point either later today or tomorrow

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<v Speaker 1>ahead of tomorrow's subcommittee hearing on the matter. So now

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<v Speaker 1>that we're seeing a stable coin legislation has been wrapped

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<v Speaker 1>up in a Senate and it's moving to the House.

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<v Speaker 1>We're seeing this Senate is now starting to focus on

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<v Speaker 1>market structure. So many of you know President Trump gave

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<v Speaker 1>the mandate that he wants the bills on his desk

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<v Speaker 1>by the August recess to sign him into laws. So

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<v Speaker 1>the sooner Congress can get this done, the faster these

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<v Speaker 1>things can become law, and that will open up a

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<v Speaker 1>ton of capital to come into the acid class, a

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<v Speaker 1>lot of building and innovation and will all lead to

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<v Speaker 1>higher prices. Now moving ahead, Anthony Pompliano he's in the

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<v Speaker 1>news here. So Anthony Pompliano is getting involved in a

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<v Speaker 1>company that's going to have a bigcoin treasury strategy. It's

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<v Speaker 1>a big one. So here's the headline. Anthony Pompoliano's pro

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<v Speaker 1>Cap to go public in a one billion dollar bigcoin

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<v Speaker 1>treasury SPAC deal. So many of you may have heard

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<v Speaker 1>of spas and how companies can use those to go

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<v Speaker 1>public and much more. And this is a big one

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<v Speaker 1>by pomp I mean one billion dollars, so pretty incredible.

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<v Speaker 1>So pro Cap raise five hundred and fifty million dollars

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<v Speaker 1>in preferred equity and secure two hundred and twenty five

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<v Speaker 1>million dollars in convertible notes. Now Michael Saylor put the

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<v Speaker 1>blueprint out there for this, right, But these companies are

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<v Speaker 1>now looking to go buy up or buy a bunch

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<v Speaker 1>of shares from a company that's already public, and this

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<v Speaker 1>allows their respective company to go public and of course

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<v Speaker 1>do the whole stock arbitrage with buying bitcoin and raising

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<v Speaker 1>debt and all that stuff. So the transaction announced Monday

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<v Speaker 1>positions the new entity pro Cap Financial Incorporated, as one

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<v Speaker 1>of the largest bitcoin treasuries ever to hit public markets.

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<v Speaker 1>So the company plans to generate profit not just by

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<v Speaker 1>holding bitcoin, but by actively deploying its bitcoin balance sheet

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<v Speaker 1>across yield, generating strategies that mitigate risk and capitalize on

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<v Speaker 1>crypto financial infrastructure. The legacy financial system is being disrupted

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<v Speaker 1>by bitcoin, pomp Leiono said in a statement, pro Cap

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<v Speaker 1>Financial represents our solution to increasing demand for bitcoin native

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<v Speaker 1>financial services among sophisticated investors. So, folks, this trend, as

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<v Speaker 1>I've been saying for a long time, over a year now,

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<v Speaker 1>with Sailor and what he's doing and other companies entering

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<v Speaker 1>in this trend, is not ending. It's going to go

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<v Speaker 1>beyond Bitcoin to all coins, and we're starting to see

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<v Speaker 1>a bit of that. We've had news around Solona, etherorem

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<v Speaker 1>and XRP as treasury reserve assets. Now what's appealing about

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<v Speaker 1>your Solanas and your etherorems is the staking component. So

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<v Speaker 1>you have that built in yield feature if you want

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<v Speaker 1>to call it that. But you don't necessarily need that,

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<v Speaker 1>but it is a great attribute. XRP and bitcoin have

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<v Speaker 1>to find defive ways of earning that yield. So it's incredible.

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<v Speaker 1>I mean, one billion dollars that's to buy bitcoin. That's

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<v Speaker 1>pretty incredible and speaking of the treasury reserve asset strategy,

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<v Speaker 1>a semiconductor firm sequons to raise three hundred and eighty

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<v Speaker 1>four million dollars for their bitcoin treasury. So roughly two

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<v Speaker 1>hundred and forty companies now hold bitcoin in their treasuries,

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<v Speaker 1>nearly doubling from one hundred and twenty four just weeks ago. Combine,

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<v Speaker 1>they control around four percent of the total bitcoin supply.

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<v Speaker 1>So we're seeing adoption on many fronts here and it's

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<v Speaker 1>happening globally, folks. Quick word from our sponsor and that

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<v Speaker 1>is vchain. Vchain is one of the top layer one

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<v Speaker 1>blockchains out there. They're getting adoption by many enterprises, big

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<v Speaker 1>companies and more who are using v chain to build

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<v Speaker 1>Web three technology and sustainability technology. I've been a VET

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<v Speaker 1>token holder for many years, since twenty eighteen. I'm very

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<v Speaker 1>bullish on this project. Some of the key features of

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<v Speaker 1>the v chain blockchain includes a secure, affordable, scalable, fast,

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<v Speaker 1>and sustainable. Some of the brands that are using vchain

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<v Speaker 1>includes Jivon, Chi, PwC, Walmart, China, BMW, Boston Consulting Group,

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<v Speaker 1>and many others. They are even partnered with Dana White

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<v Speaker 1>in the UFC. Many of you may have seen that

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<v Speaker 1>partnership and they're doing some great things. So if you'd

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<v Speaker 1>like to learn more about vchain, go to vchain dot org.

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<v Speaker 1>Link will be in the description. Now, folks, look at

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<v Speaker 1>this news. Crypto hedge fund executives to raise one hundred

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<v Speaker 1>million dollars for BnB treasury vehicle. This is so interesting.

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<v Speaker 1>So according to Bloomberg, former executives at Choral Capital Holdings

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<v Speaker 1>want to create B and B Treasury Company. So, as

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<v Speaker 1>I was saying earlier, you know they're going to go

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<v Speaker 1>beyond bitcoin, and now B and B is entering the game.

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<v Speaker 1>Now this is actually surprising because BnB is a exchange coin.

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<v Speaker 1>It's the native coin of the Binance exchange. So very fascinating.

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<v Speaker 1>But look, if all these assets are going to move

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<v Speaker 1>with global liquidity and they're in the top tens or

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<v Speaker 1>they're getting exposure, they're very liquid, they're gonna do well,

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<v Speaker 1>They're gonna make returns. And if these guys play their

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<v Speaker 1>cards well and they do the arbitrage with raising their

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<v Speaker 1>debt and with their stocks, it could work out. Now,

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<v Speaker 1>what we have to watch out for this could lead

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<v Speaker 1>to some sort of bubble because not everyone's going to

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<v Speaker 1>be a winner. I'm sure not. Everybody's going to be

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<v Speaker 1>doing this the right way. It comes down to the

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<v Speaker 1>team how they manage this. So this could be something

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<v Speaker 1>that takes us into a bear market with some collapses.

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<v Speaker 1>I'm not saying all these companies are going to collapse

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<v Speaker 1>and there's going to be some massive collapse of everything,

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<v Speaker 1>of course, not right, but some will. I mean history

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<v Speaker 1>has taught does this in market, So let's see how

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<v Speaker 1>this all plays out. That's why you want to have

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<v Speaker 1>a profit taking plan near the top of this market,

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<v Speaker 1>to walk away from the bold market with money because

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<v Speaker 1>bear markets do return. So if anyone's telling you there's

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<v Speaker 1>never going to be a bear market ever, again, they

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<v Speaker 1>are lying to you. History is not on their side.

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<v Speaker 1>And we see that the crypto market, stocks and all

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<v Speaker 1>these things, real estate, it's all correlated to global liquidity.

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<v Speaker 1>And if there's a downturn in liquidity and the Fed

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<v Speaker 1>has to raise rates and you know, we go through

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<v Speaker 1>another tightening cycle, of course we're going to see a

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<v Speaker 1>bear market. Right, That's the nature of how the economy

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<v Speaker 1>and the markets work. Now. Anchorage Digital, which is a

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<v Speaker 1>crypto custody firm, they have added defied capability for institutions

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<v Speaker 1>with uniswamp wallet integration. So we continue to see the

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<v Speaker 1>infrastructure being set up for institutional investors, not just retail.

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<v Speaker 1>I think for the most part retail has all these things,

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<v Speaker 1>but for institutions the big money. So this should be

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<v Speaker 1>a clear indication folks, there's demand, there's more money to

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<v Speaker 1>come into this market. And as I said earlier, with

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<v Speaker 1>crypto legislation, once that gets passed, a lot of capital

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<v Speaker 1>that's been sitting on the sidelines are going to jump

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<v Speaker 1>in because there's no longer a risk. It's a market

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<v Speaker 1>that's regulated and protected, and the governments are putting in

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<v Speaker 1>the guardrails and much more so. Nathan McCaulay, who I've

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<v Speaker 1>had on the podcast a few times. He's the CEO

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<v Speaker 1>and co founder of Anchorage Digital, build the integration as

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<v Speaker 1>enabling institutions in DeFi to move at crypto native speed

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<v Speaker 1>without compromising security. So among the company's portal wallets clients

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<v Speaker 1>are Maple, Finance, Suite, Foundation, and Decentralized Exchange DYDX. Other

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<v Speaker 1>companies that have rolled out institutional wallets or platforms include

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<v Speaker 1>block Damen, Fireblocks, Consensus, and Fortify. So folks, the on

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<v Speaker 1>and off rams being built here for more capital to

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<v Speaker 1>come in. Now, we were talking about, you know, all

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<v Speaker 1>coin treasury strategies and much more in Defied Development Corporation.

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<v Speaker 1>I actually interviewed the CEO last week and I'll be

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<v Speaker 1>publishing that into this week. They're using a Salona treasury strategy.

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<v Speaker 1>But look at this. Their stock is going on chain

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<v Speaker 1>via Kraken Exchange, so they're going to tokenize their stocks

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<v Speaker 1>that The company's CEO described its stock tokenization as a

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<v Speaker 1>DeFi lego block suggesting it serves as a foundational piece

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<v Speaker 1>for decentralized finance adoption. So, you know, we've been talking

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<v Speaker 1>at nauseum on this podcast about stocks and equities and

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<v Speaker 1>traditional assets going on blockchain, and it's going to create

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<v Speaker 1>truly global markets twenty four to seven, three hundred and

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<v Speaker 1>sixty five days a year, no more opening and closing bell.

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<v Speaker 1>You know, for years we've talked about that, and it's

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<v Speaker 1>coming to fruition. So it's pretty amazing to see that

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<v Speaker 1>these things are going on chain and it's just going

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<v Speaker 1>to open up a lot of new opportunities and investment products,

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<v Speaker 1>and it's pretty incredible. So let me give you to

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<v Speaker 1>some details here. So Defied Development Corporation, a Salona treasury

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<v Speaker 1>company formerly known as jen Over, announced plans to tokenize

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<v Speaker 1>the shares through a partnership with crypto exchange Kraken. According

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<v Speaker 1>to a Monday announcement, the company will use x stocks,

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<v Speaker 1>a tokenization platform created by backt to bring its shares

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<v Speaker 1>on chain. Kra Can announce a partnership with x stocks

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<v Speaker 1>in May, promising to offer investors tokenize shares of US

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<v Speaker 1>listed companies such as Apple, Tesla, and the Video to

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<v Speaker 1>users in other regions. The platform is built on the

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<v Speaker 1>Salana blockchain. Incredible stuff happening, folks, and this is where you,

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<v Speaker 1>as an investor, you can hold a stock for Defied

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<v Speaker 1>Development Corp. You can also hold the token of the

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<v Speaker 1>Salana blockchain. Right holding the token of the blockchains that

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<v Speaker 1>are being used as the rails. That is where you

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<v Speaker 1>have the opportunity to take the bet. Unlike previous asset

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<v Speaker 1>classes and technology where hedge funds and many folks have

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<v Speaker 1>gotten ahead of time, you can participate freely in buy

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<v Speaker 1>a fraction. You don't have to go put a minimum

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<v Speaker 1>of one hundred thousand dollars or anything. You can buy

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<v Speaker 1>literally one hundred bucks of the Salona token, one hundred

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<v Speaker 1>bucks of xrpe bitcoin and so forth. So that's the

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<v Speaker 1>game changing aspect of this asset class. Now, final news item,

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<v Speaker 1>cipher Mining begins bitcoin production at three hundred megawats Black

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<v Speaker 1>Pearl Data Center. So we're seeing miners are starting to

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<v Speaker 1>ramp up because we're headed, I believe, to the top

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<v Speaker 1>of the market. So they're going to look to grab

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<v Speaker 1>as much bitcoin, and of course they sell their bitcoin

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<v Speaker 1>and you know they're going to get transaction fees and

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<v Speaker 1>much more so. Cipher Mining has started bitcoin production at

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<v Speaker 1>its three hundred megawat Black Pearl facility in Texas, marking

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<v Speaker 1>a significant milestone for the company. Phase one of the

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<v Speaker 1>Black Pearl site is operating at one hundred and fifty

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<v Speaker 1>megawats what's an initial hash rate of two point five

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<v Speaker 1>EXA hashes per second, expected to increase to nine point

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<v Speaker 1>six extra hashes by the end of the third quarter.

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<v Speaker 1>Cipher Mining aims to maintain low production costs and scale

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<v Speaker 1>as quickly as competition intensifies in posts having market. So

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<v Speaker 1>the race is on and they I wouldn't be doing

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<v Speaker 1>this if the bull market wasn't still a thing, right,

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<v Speaker 1>or bitcoin was still going to be going up because

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<v Speaker 1>these miners they have to be profitable and if they

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<v Speaker 1>see a surgeon demands coming the price rising, they're going

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<v Speaker 1>to get more fees, more buyers, so they're going to

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<v Speaker 1>ramp up here. So expect to see the hash rate

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<v Speaker 1>for bitcoin increase significantly. And that's very bullish folks. So

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<v Speaker 1>remember have your profit taking plan even if you don't

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<v Speaker 1>hold bitcoin. But we know bitcoin leads to the market,

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<v Speaker 1>so we're going to use it as a measuring stick

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<v Speaker 1>to get an idea where we're at. And while no

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<v Speaker 1>one can call the exact top, we want to look

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<v Speaker 1>for the top zone and that could be you know,

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<v Speaker 1>over a three month period, we can say, hey, look,

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<v Speaker 1>signals are flashing that this thing is nearing the top.

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<v Speaker 1>So you want to start taking your profits, and like

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<v Speaker 1>I said, we want to walk away from this bullmarket

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<v Speaker 1>with money in our pockets. I've often shared my strategy

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<v Speaker 1>the profits that I take, I will be using the

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<v Speaker 1>pay off debt, add to my retirement, spend a little

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<v Speaker 1>of course, and then take some of that and reinvest

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<v Speaker 1>it in the bloody bear market. So as we start

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<v Speaker 1>heading into a beer market and the prices you know,

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<v Speaker 1>go down and look, they may not go down to

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<v Speaker 1>seventy to eighty percent like we've seen in the previous markets,

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<v Speaker 1>because you have ETFs and much more. But maybe it

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<v Speaker 1>goes down by fifty percent, right or sixty so not

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<v Speaker 1>as deep or maybe less, maybe it goes to forty.

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<v Speaker 1>I don't know. We'll just have to wait and see.

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<v Speaker 1>We don't have a crystal ball, but nevertheless, want to

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<v Speaker 1>take profits off the table and then rinse and repeat.

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<v Speaker 1>You know, relative to other asset classes, this is still

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<v Speaker 1>very early, so there's still juice to be squeezed out

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<v Speaker 1>of this orange, if you know what I mean. And

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<v Speaker 1>with legislation in place, you're going to see a lot

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<v Speaker 1>of buildings, so there's going to be a lot of

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<v Speaker 1>new stuff coming by the time the next bull market arises. Right,

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<v Speaker 1>you have, Each cycle has its own narrative. You've seen

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<v Speaker 1>icos NFTs AI memes and I'm not a fan of memes,

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<v Speaker 1>but you could see a big boom and deepen and

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<v Speaker 1>tokenization even further it tokenization as we head into the

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<v Speaker 1>next bull market, which is around the next having of

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<v Speaker 1>twenty eight. So let's see how this all plays out,

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<v Speaker 1>my friends. The important thing is Like I said, we

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<v Speaker 1>walk away from this bull market with money in our pockets. Folks,

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<v Speaker 1>let me know what you think. Leave your thoughts and

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<v Speaker 1>comments below hit the thumbs up button now, folks. A

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<v Speaker 1>great way you can support me and the podcast is

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00:17:14.359 --> 00:17:17.039
<v Speaker 1>by subscribing to my free email news that are on

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<v Speaker 1>substack link w being a description. Check out my book

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<v Speaker 1>on Amazon. It's available in paperback and digital, and check

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<v Speaker 1>out my course at Mycrypto course dot com. This is

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<v Speaker 1>a comprehensive course that teaches you every aspect of crypto.

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<v Speaker 1>Knowledge is power. This course will teach you everything you

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<v Speaker 1>need to know. It's packed with tons of value. Links

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<v Speaker 1>will be in a description. Thank you so much for

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<v Speaker 1>watching and listening. I appreciate you all and I'll talk

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<v Speaker 1>to you all later