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<v Speaker 1>Hey everyone, Welcome into the Thinking Crypto podcast. You're 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 thumbsup button and leave a comment below.

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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 or wherever you get your podcasts, please be

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<v Speaker 1>sure to follow and leave a five star rating. Okay, folks,

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<v Speaker 1>Quickly touching on the price of bitcoin. Bitcoin currently trading

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<v Speaker 1>just below seventy one thousand dollars, so we're not seeing

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<v Speaker 1>any type of big movements. As we reported yesterday, there

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<v Speaker 1>was a big bounce back up after a dump over

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<v Speaker 1>the weekend because of President Trump tweeting some positive things

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<v Speaker 1>about the Iran war situation. But it's tbd if this

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<v Speaker 1>relief rally has lost its momentum and we're about to

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<v Speaker 1>roll over, or there's still the possibility of us moving

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<v Speaker 1>up to around eighty K, eighty one, possibly eighty five

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<v Speaker 1>K before a ultimate rollover, which I think to lower

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<v Speaker 1>lows such as a fifty between fifty two to fifty

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<v Speaker 1>five K. I think that's where bitcoin finds the bottom.

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<v Speaker 1>Now I could be wrong. There's no certainties here we're

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<v Speaker 1>talking probabilities, but I'm thinking based on the Fibonacci levels

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<v Speaker 1>in addition to the market being extremely over sold and

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<v Speaker 1>where we touch the levels that we touch in previous

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<v Speaker 1>bear markets. So we're gonna have to wait and see.

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<v Speaker 1>But that is personally what I'm looking at, and I'll

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<v Speaker 1>be taking some profits on Bitcoin if it does go

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<v Speaker 1>above eighty thousand dollars, and then we're going to see

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<v Speaker 1>some alls start to follow. Something we do have to

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<v Speaker 1>keep an eye on is that there seems to be

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<v Speaker 1>a liquidity crisis that it's brewing. You know, over the

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<v Speaker 1>past couple of weeks, I reported about black Rock as

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<v Speaker 1>well as Apollo pausing withdrawals on their private credit fund.

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<v Speaker 1>Well Ares as well Aries another firm has added a

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<v Speaker 1>limit on withdrawals from its ten point seven billion dollar

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<v Speaker 1>private credit fund. So you have the biggest firm it's

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<v Speaker 1>having these issues. So it goes without saying that we're

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<v Speaker 1>not in great economic conditions right now. There's a lot

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<v Speaker 1>of uncertainty in the world with the Iran situation plus

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<v Speaker 1>gas prices, there's a lot of economic issues going on,

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<v Speaker 1>so we are starting to see cracks in the system

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<v Speaker 1>now I'm not a doomer. I'm not saying the whole

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<v Speaker 1>world is going to collapse or anything like that. The

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<v Speaker 1>point is what I'm trying to highlight here is that

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<v Speaker 1>we may see further downside, there could be something that breaks,

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<v Speaker 1>which often is a big catalyst for the FED to

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<v Speaker 1>step in with QWI on steroids. We are currently doing

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<v Speaker 1>qi but it's not at the levels we've seen in

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<v Speaker 1>the past. But I do believe what Trump's new fetch

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<v Speaker 1>are coming in May, and then if something breaks, they're

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<v Speaker 1>going to fire up the money printer and they're going

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<v Speaker 1>to print like crazy. It's the only solution they have,

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<v Speaker 1>and that's going to drive asset prices higher. But it

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<v Speaker 1>takes time for those things that happen. And I'm not

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<v Speaker 1>guaranteeing anything that something's going to break, but I'm reporting

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<v Speaker 1>the facts that these companies are all of a sudden

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<v Speaker 1>limiting withdrawals on their private credit fund. And to see

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<v Speaker 1>the likes of black Rock, especially the world's largest asset manager,

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<v Speaker 1>having to do that, then you have these other firms

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<v Speaker 1>doing it. So something is not looking too good here.

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<v Speaker 1>So just keep this in the back of your mind.

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<v Speaker 1>You know, there's often some catalysts and the narratives and

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<v Speaker 1>things like that where things break and then emergencies step

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<v Speaker 1>in by the FED, and I think we all know

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<v Speaker 1>what will be the result of that situation where they're

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<v Speaker 1>going to have to print much more. But regardless, we

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<v Speaker 1>are seeing crypto getting adoption and there's a lot of

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<v Speaker 1>buying of crypto assets happening. So look at this hosts plus,

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<v Speaker 1>a one hundred and five billion dollars Australian pension fund

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<v Speaker 1>is exploring bitcoin and crypto access to its two million members.

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<v Speaker 1>So across the globe we are seeing the on rams

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<v Speaker 1>being built for access into this crypto ASCID class and

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<v Speaker 1>you know the fact that they're doing this now where

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<v Speaker 1>they're going to be able to accumulate the lows and

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<v Speaker 1>then we all know how works right the bull market.

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<v Speaker 1>Some of these funds will take profits, as you know

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<v Speaker 1>many folks do. So this is where you want to

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<v Speaker 1>be on the side of smart money. You know, right

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<v Speaker 1>now with the market being down, now is when you

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<v Speaker 1>want to start to look at accumulating, right having some

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<v Speaker 1>sort of dollar cost averaging strategy. So let me give

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<v Speaker 1>you some more details. The fund, which manages around one

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<v Speaker 1>hundred and fifty billion Australian dollars or one hundred and

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<v Speaker 1>five billion dollars is looking at adding crypto options through

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<v Speaker 1>its self directed plan Choice Plus. This plan allows members

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<v Speaker 1>to manage a small part of their retirement savings on

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<v Speaker 1>their own. As per the report, this currently makes up

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<v Speaker 1>about one percent of the fund's total assets. While the

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<v Speaker 1>proposal is awaiting regulatory approval, host plus could start offering

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<v Speaker 1>crypto exposure as early as next financial year. The fund

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<v Speaker 1>is still reviewing details, including consumer protections and the structure

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<v Speaker 1>of the offerings. Chief Investment Officer Sam Cecilia stated, there's

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<v Speaker 1>certainly a demand from some of our members who write

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<v Speaker 1>in and say why can't I have access to cryptocurrency.

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<v Speaker 1>So this of course is not unique to host plus

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<v Speaker 1>or Australia. It is happening across the globe. So this

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<v Speaker 1>is why I'm so bullish. And as you have more

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<v Speaker 1>clarity and regulations being put into place, it will allow

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<v Speaker 1>more capital to come into the market. So really incredible stuff, now, folks.

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<v Speaker 1>Today was a huge day for tokenization news. So first up,

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<v Speaker 1>the New York Stock Exchange taps Securitized to build its

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<v Speaker 1>tokenized stock platform. So we know the future of finance

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<v Speaker 1>is tokenization. They're going to put all assets on the blockchain.

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<v Speaker 1>As we've talked a blot about over the years, well securitize.

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<v Speaker 1>Many of you know, they were leading the charge with

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<v Speaker 1>tokenization going back to twenty eighteen. I remember interviewing one

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<v Speaker 1>of the founders, Jamie Finn, at World Cryptocon in Las Vegas,

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<v Speaker 1>and they were just a startup ack then very small,

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<v Speaker 1>and now they've grown into this incredible company that helped

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<v Speaker 1>Blackrock to launch their token is is money market fund

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<v Speaker 1>and Blackrock even invested in them. Now the New York

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<v Speaker 1>Stock Exchange is using them. So amazing how far these

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<v Speaker 1>firms have come. But again this is the future. So

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<v Speaker 1>the New York Stock Exchange has tapped Blackrock back tokenization

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<v Speaker 1>specialist Securitizes to help design its token is securities platform. Securitize,

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<v Speaker 1>an sec register transfer agent, is expected to be among

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<v Speaker 1>the first to mint token is stocks and ETFs on

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<v Speaker 1>the platform, pending regulatory approval. The move underscores a broader

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<v Speaker 1>push by the New York Stock Exchange and NASDAC to

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<v Speaker 1>move stock trading onto blockchain rails offering around the clock

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<v Speaker 1>trading and near instant settlement. Folks it's happening. It is happening.

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<v Speaker 1>Don't let the price action the bear market distract you.

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<v Speaker 1>These firms are building. They know what's coming. I keep

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<v Speaker 1>telling you guys. You know two three years ago Larry

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<v Speaker 1>Fink gave the mandate saying tokenizations the future of finance,

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<v Speaker 1>and all these Wall Street firms, investment firms, bang stock

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<v Speaker 1>exchanges are all headed in the same direction. Here is

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<v Speaker 1>another example. Invesco joins tokenization race as it takes over

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<v Speaker 1>Superstate's nine hundred million dollar on chain fund. The two

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<v Speaker 1>point two trillion dollar asset manager is stepping into the

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<v Speaker 1>rapidly growing tokenized treasury market, joining global financial behemits like

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<v Speaker 1>black Rock and Franklin Templeton. So the fund will be

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<v Speaker 1>renamed the Invesco Short Duration US Government Securities Fund in

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<v Speaker 1>the second quarter of twenty twenty six. With its token

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<v Speaker 1>structure and super States plumbing, the twelve billion dollar tokenized

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<v Speaker 1>US treasury market is gaining traction for offering near instant

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<v Speaker 1>settlements and around the clock trading, attracting global asset managers

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<v Speaker 1>such as black Rock and Franklin Templeton. By the way, guys, tomorrow,

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<v Speaker 1>I'll be publishing my interview with the head of Digital

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<v Speaker 1>Assets at Franklin Templeton, Roger Bastin. So you don't want

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<v Speaker 1>to miss that because I go through the details of

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<v Speaker 1>why is Franklin Templeton doing what they're doing, talking about

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<v Speaker 1>their tokenization strategy and much more. It's a really great conversation.

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<v Speaker 1>So you don't want to miss that. That interview is

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<v Speaker 1>going to be published in the morning. So incredible, incredible,

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<v Speaker 1>what is happening here? And remember you want to look

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<v Speaker 1>at which blockchains are they building on and make sure

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<v Speaker 1>you have those tokens in your portfolio. Not financial advices.

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<v Speaker 1>Obviously you know do your research, but I'm just saying

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<v Speaker 1>in principle, if you were investing, you want to look

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<v Speaker 1>for the blockchains that are getting the adoption and the

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<v Speaker 1>building on them. Here's another example of institutions building so

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<v Speaker 1>BMO the Bank of Montreal introduces tokenized cash and deposit

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<v Speaker 1>platform with CMA Group and Google Cloud. Look at who's

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<v Speaker 1>participating here, folks. This is a very interesting one. So

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<v Speaker 1>this is the first bank to offer CME groups tokenized

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<v Speaker 1>cash solution on Google Cloud Universal Ledger. It says here

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<v Speaker 1>enhance digital financial infrastructure modernizes twenty four to seven instant settlement,

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<v Speaker 1>enabling clients to move value continuously for margin, collaterable and

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<v Speaker 1>settlement workflows. Establishes the groundwork for tokenized deposits that support

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<v Speaker 1>broader payment and treasury use cases. So one of the

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<v Speaker 1>things you're going to see in addition to stable coins

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<v Speaker 1>is tokenized deposits. That is what's being built by many

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<v Speaker 1>of these banks. You know, as far as the ledger,

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<v Speaker 1>it says here Google's Cloud Universal Ledger, this is a

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<v Speaker 1>permission chain. So we've often talked about it's going to

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<v Speaker 1>be a hybrid approach. These companies are going to have

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<v Speaker 1>their private permission chain where no one can access it

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<v Speaker 1>unless you're in partnership with them, and you know kind

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<v Speaker 1>of what the BMO and CMA group and Google Cloud

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<v Speaker 1>are doing. But what we're seeing is many of them

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<v Speaker 1>now have to bridge to public chains to get settlement

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<v Speaker 1>and liquidity. So it will be a hybrid approach for

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<v Speaker 1>many of these institutions. They'll have their public chain items,

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<v Speaker 1>they'll have their private chain items, but nevertheless, it's all

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<v Speaker 1>blockchain rails, right. There's a reason they're upgrading. Even if

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<v Speaker 1>they're not building on a public chain, they have to

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<v Speaker 1>get on board. This is the future. I've been saying

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<v Speaker 1>for NonStop. The future, capital markets, economies, and governments will

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<v Speaker 1>all run on blockchain rails. So we are just seeing

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<v Speaker 1>incredible building and collaboration happening here. So very very interesting stuff, folks.

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<v Speaker 1>you can get five percent off your purchase. So check

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<v Speaker 1>them out. All the links will be in the description. Folks.

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<v Speaker 1>Big news coming out from Tethers. So tether hires a

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<v Speaker 1>big four firm for a full audit of its USDT reserves.

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<v Speaker 1>Now they talked about doing this for about six months

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<v Speaker 1>or so, or even more than that, so it's great

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<v Speaker 1>that they've finally gone through that prosus of selecting a

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<v Speaker 1>big four firm, so that it's probably ey PwC, KPMG, Deloitte.

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<v Speaker 1>I believe those are the top four. So this is

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<v Speaker 1>really great and this is something people have been calling for.

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<v Speaker 1>And I think you know, I've been on record, guys,

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<v Speaker 1>I think many of you know on record saying for

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<v Speaker 1>years in the early days, I don't believe Tether's books

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<v Speaker 1>were in order. I think there was problems, right, I've

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<v Speaker 1>been on record saying that, But people still continue with

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<v Speaker 1>that fud. But not anymore. I think their books are

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<v Speaker 1>in a better place. They've writed this ship. I've interviewed

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<v Speaker 1>many people from Tether talking about this. In addition, you

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<v Speaker 1>know Cancer Fitzgeral, Howard Lutnik who now works with the

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<v Speaker 1>Trump administration. They did a audit saying, hey, they have

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<v Speaker 1>the capital of the reserves in place, and Canter even

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<v Speaker 1>invested in Tether, right, So I think all the necessary

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<v Speaker 1>pieces are there. Plus Tether has been working with regulators

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<v Speaker 1>and much more. You know, even their CEO, Paolo was

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<v Speaker 1>at the White House crypto hearings and things like that.

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<v Speaker 1>So you know, you're still going to see people spread

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<v Speaker 1>fud because it's easy to say, yeah, you know, Teller,

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<v Speaker 1>I want to share it, tell and it's like, yeah,

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<v Speaker 1>they've been putting out attestations, you can go see it

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<v Speaker 1>on their website. People still ignore that, and now they're

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<v Speaker 1>gonna have a big form accounting firm. But you're gonna

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<v Speaker 1>still see the fudsters who sometimes are paid, you know,

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<v Speaker 1>to spread food. In addition, you know people who are

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<v Speaker 1>anti bitcoin so to speed, they think going after Tether

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<v Speaker 1>will hurt Bitcoin when Tether's used to you know, trade

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<v Speaker 1>other all coins like xrps, a lot of etherorem and

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<v Speaker 1>much more. Right so, people who just don't understand, they're

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<v Speaker 1>not educated about it, and sometimes they listen to the

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<v Speaker 1>wrong influencers who tell them just just feelings and emotions,

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<v Speaker 1>right vibes versus hey, what are the facts? So Tether

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<v Speaker 1>has hired a Big four accounting firm to conduct its

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<v Speaker 1>first full financial statement audit of reserves backing it's one

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<v Speaker 1>hundred and eighty four billion dollar USDT stable coin. The company,

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<v Speaker 1>which has previously released only periodic attest stations, said the

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<v Speaker 1>audit will involve a detailed view of its assets, liabilities

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<v Speaker 1>and controls and reporting systems. Tether did not name the firm,

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<v Speaker 1>but said it was chosen through a competitive process amid

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<v Speaker 1>long standing criticism and scrutiny over whether USDT is fully

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<v Speaker 1>backed one to one by liquid reserves. So hopefully we

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<v Speaker 1>can see that report by midyear. I'm sure, it's going

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<v Speaker 1>to take a while for these firms to do their thing.

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<v Speaker 1>I'm curious which firm, but you know, if it's one

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<v Speaker 1>of the big four for like I said, KPMG, Deloitte, PWCEY,

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<v Speaker 1>things like that, So we shall see. But this is

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<v Speaker 1>very good, guys, this is very good. Solana Foundation taps MasterCard,

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<v Speaker 1>Western Union, world Pay for institutional developer platform. Many of

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<v Speaker 1>you may have caught my interview with Western Union's head

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<v Speaker 1>of Digital Assets most recently, and they're building their stable

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<v Speaker 1>corn and Solana. So Solan's getting a lot of adoption

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<v Speaker 1>and they're partnering with the right institutions. So the new

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<v Speaker 1>Solana developer platform, let's enterprise is build tokenized assets, stable

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<v Speaker 1>coins and payment flows via APIs with AI integrations from

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<v Speaker 1>open Ai and Anthropic. Early adoption by MasterCard, Western Union

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<v Speaker 1>and world Pay highlights growing institutional push toward blockchain based

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<v Speaker 1>settlement and payments. So this is really great. I think

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<v Speaker 1>it was yesterday's episode we're to talk about the Salona

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<v Speaker 1>Foundation looking to build in more privacy elements because that's

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<v Speaker 1>what institutions want. So folks of Solana doing a lot

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<v Speaker 1>of work here. This is really great and big partners, MasterCard,

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<v Speaker 1>Western Union will pay and much more. Okay, moving ahead,

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<v Speaker 1>Digital asset manager Parafy raises one hundred and twenty five

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<v Speaker 1>million dollars four new venture fund So funds are continuing

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<v Speaker 1>to raise capital to invest in crypto despite the bear market.

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<v Speaker 1>I think you know this is actually the smart time

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<v Speaker 1>to go invest. Right, you can get a company valuations

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<v Speaker 1>at a lower value. Of course, right, you can go

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<v Speaker 1>in and get more equity at lower price, plus two

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<v Speaker 1>tokens at a lower price, So makes it completely makes sense.

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<v Speaker 1>So crypto asset manager Parafy has raised one hundred and

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<v Speaker 1>twenty five million dollars in March, where a new venture fund.

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<v Speaker 1>Bloomberg reported separately, Parafy has raised three hundred and twenty

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<v Speaker 1>five million dollars for its ongoing digital asset investment strategies

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<v Speaker 1>since the beginning of twenty twenty five. Now, one of

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<v Speaker 1>the things I've told you guys about over the years

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<v Speaker 1>is you want to watch what these crypto venture firms

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<v Speaker 1>hedge funds are doing. Where are they putting their money,

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<v Speaker 1>And that's where you can do your research into the

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<v Speaker 1>projects that they're doing. Because we know they buy tokens,

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<v Speaker 1>they also invest in companies. So you want to look

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<v Speaker 1>at the token projects you're investing in because those have

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<v Speaker 1>the potential to do well. This is not the only

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<v Speaker 1>factor you should look at, obviously, you want to look

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<v Speaker 1>at who's behind the project, the tokenomics and much more.

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<v Speaker 1>But this is one of the things I look at

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<v Speaker 1>when I go to invest in tokens. I look at

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<v Speaker 1>what these big guys are doing A sixteen Z parafy

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<v Speaker 1>and much more, Dragonfly capital and so forth. And then

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<v Speaker 1>I looked at take my bets if I think it.

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<v Speaker 1>You know, the project has potential and it could do well.

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<v Speaker 1>So these are things to think about. Right. You want

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<v Speaker 1>to watch what these big money players are doing because

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<v Speaker 1>they look the VC capital and liquidity. That's a big

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<v Speaker 1>factor in driving price higher. Right, So just just remember that, guys,

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<v Speaker 1>All right, Final news items, CFDC chief launches Innovation task

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<v Speaker 1>Force focus on crypto framework. So we continue to see

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<v Speaker 1>both the SEC and CFDC uh making huge, huge grounds

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<v Speaker 1>here with building for crypto, providing guidance, setting up advisory groups,

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<v Speaker 1>and having the dialogue. This is all all great stuff.

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<v Speaker 1>So the CFDC is looking to embrace innovation in the

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<v Speaker 1>regulatory approach to crypto and blockchain with the launch of

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<v Speaker 1>a new Innovation task Force. According to a Tuesday notice,

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<v Speaker 1>Chair Michael Seleake said that the task Force will work

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<v Speaker 1>with the regulators Innovation Advisory Committee to create a framework

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<v Speaker 1>focus on crypto, blockchain, AI and prediction markets. The effort

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<v Speaker 1>will be led by Michael Passalaqua from Saying That right,

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<v Speaker 1>who joined the CFTC as a senior advisor in January

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<v Speaker 1>after working on crypto and blockchain issues and international law

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<v Speaker 1>firms Citson, Thatcher and Bartlette. Here's a quote. The idea

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<v Speaker 1>behind our Innovation Advisory task Force is really to create

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<v Speaker 1>a space where innovators and builders can come in and

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<v Speaker 1>talk to the staff. Mike see Leg, Chair of the CFTC,

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<v Speaker 1>toll folks at the Digital Assets Summit in New York

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<v Speaker 1>City on Tuesday. It's not just crypto, It's going to

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<v Speaker 1>be prediction markets, crypto and AI. We think these three

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<v Speaker 1>verticals are really important. So big stuff happening, folks, Very exciting,

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<v Speaker 1>and of course we're waiting for the Clarity Act itself

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<v Speaker 1>to pass. But the fact that the agencies are taking action,

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<v Speaker 1>the ones who are the responsible for creating their rulemaking

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<v Speaker 1>and giving you the details, plus making sure folks abide

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<v Speaker 1>by the rules and laws. They are taking active steps here,

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<v Speaker 1>so this is amazing. Folks. That's the news. Let me

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<v Speaker 1>know what you think. Leave your thoughts and comments below,

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<v Speaker 1>hit the thumbsup button subscribe if you haven't as yet,

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<v Speaker 1>please support the podcast by subscribing to my free email

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<v Speaker 1>news that are on substack. It is one hundred percent free.

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<v Speaker 1>Link will be in the description. Be sure to grab

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<v Speaker 1>a copy of my book on Amazon. It's available in

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<v Speaker 1>paperback in digital, and check out my course at mycryptocurse

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<v Speaker 1>dot com. This is a comprehensive course that teaches you

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<v Speaker 1>everything you need to know about crypto. Right now, we

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<v Speaker 1>have a sale going on. Get fifty percent off the

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<v Speaker 1>fee by using the code bear b e a R.

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<v Speaker 1>So it's a bear market, so we're using the code

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<v Speaker 1>bear b e a R to get that discounted price. Guys,

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<v Speaker 1>this is a comprehensive course that teaches you everything you

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<v Speaker 1>need to know about crypto. It features expert commentary and

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00:19:47.359 --> 00:19:50.160
<v Speaker 1>much more. So check it out. Go to Mycrypto course

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<v Speaker 1>dot com. All the links will be in the description. Folks,

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<v Speaker 1>Thank you so much for tuning in. I appreciate you

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<v Speaker 1>all and I'll talk to you all later.