WEBVTT

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<v Speaker 1>I've got some major crypto news for you. The SEC

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<v Speaker 1>drops the UNISWAP case, they have acknowledged the staking and

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<v Speaker 1>etherorem ETFs for grayscale, and a big congressional hearing is

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<v Speaker 1>happening tomorrow around crypto. I want to give you the

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<v Speaker 1>details there. And PayPal gives an update around its stable

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<v Speaker 1>coin and what it plans to do. In addition, Ripple

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<v Speaker 1>launches a big report on XRP and institutional investment and

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<v Speaker 1>their roadmap. I'll give you all the details. Let's get

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<v Speaker 1>into it. Hey, everybody, welcome into the Thinking Crypto Podcasts.

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<v Speaker 1>You're home for cryptocurrency news and interviews. I'm your host,

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<v Speaker 1>Tony Edward. On your way in, Please sit that subscribe

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<v Speaker 1>button as well as the thumbs up button and leave

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<v Speaker 1>a common blow. If you're listening on a podcast platform

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<v Speaker 1>such as Spotify or Apple, please leave a five star

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<v Speaker 1>rating and review. Folks, the bloodbath continues with all coins

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<v Speaker 1>bleeding out. Bitcoin currently sitting at eighty eight thousand, five

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<v Speaker 1>hundred and eighty nine dollars, and as we've seen historically,

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<v Speaker 1>bitcoin moves the market. So everyone is waiting for Bitcoin

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<v Speaker 1>to bottom and to start moving upwards, and then we

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<v Speaker 1>know the all coins are going to follow. If you've

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<v Speaker 1>been a follower or subscriber of this podcast, we've talked

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<v Speaker 1>about this a lot and the money flow throughout the

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<v Speaker 1>crypto market, so we're waiting for Bitcoin to find that bottom.

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<v Speaker 1>A good sign is that Bitcoin's RSI and the daily

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<v Speaker 1>chart is in the oversold zone, so we are nearing

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<v Speaker 1>that bottom. And we've seen historically when we're at the

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<v Speaker 1>over bought the market starts to correct. When we're at

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<v Speaker 1>the over sold, the market starts to bounce, So don't

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<v Speaker 1>be surprised that Bitcoin starts to find some strength soon,

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<v Speaker 1>maybe into next week, and starts moving up. We'll have

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<v Speaker 1>to be patient here. One thing that's very positive is

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<v Speaker 1>that global liquidity continues to rise, and we know that

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<v Speaker 1>bitcoin and risk assets are correlated with global liquidity. There's

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<v Speaker 1>usually a lag with bitcoin. Global equity will move and

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<v Speaker 1>then Bitcoin will catch up. So the timing is very

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<v Speaker 1>good here with Bitcoin nearing the bottom and global liquidity

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<v Speaker 1>moving up. I think Bitcoin and the all coins will

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<v Speaker 1>catch up. But this is a very very good sign here.

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<v Speaker 1>Crypto currently highlighted bitcoins consolidation and what he thinks may happen,

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<v Speaker 1>saying every bitcoin chop solidation range. This cycle ended with

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<v Speaker 1>a capitulation event. We're experiencing a capitulation event right now.

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<v Speaker 1>If you guys don't know, he says, I don't think

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<v Speaker 1>this one is any different. The current sentiment and global

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<v Speaker 1>liquidity increasing supports this view. Feels like a final shakeout

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<v Speaker 1>before we head higher. So this is based on the

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<v Speaker 1>data now global liquidity to chart analysis, plus the sentiment

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<v Speaker 1>in the market is that a fear. It actually went

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<v Speaker 1>to extreme fear. So these are positive signs in a

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<v Speaker 1>bull market. In a bear market, they're not positive signs obviously, right,

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<v Speaker 1>But when you have the sentiment in fear in a

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<v Speaker 1>bull market, it's very good, guys. It's actually very bullish.

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<v Speaker 1>And I'm going to look to buy to dip here

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<v Speaker 1>on some of these all coins. I have not bought

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<v Speaker 1>anything yet, but I'm going to take a look at

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<v Speaker 1>the chart, see how things trend out, and maybe add

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<v Speaker 1>a little bit more to my portfolio. But I'm not

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<v Speaker 1>doing major buys because I bought a lot in the

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<v Speaker 1>bear market and in early twenty twenty three, so I'm

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<v Speaker 1>pretty good and my portfolio is up from that bear

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<v Speaker 1>market bottom. It's just in the short term, like many

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<v Speaker 1>of you, I'm down right, but overall from a macroview,

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<v Speaker 1>I'm up over the past two years. So that's how

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<v Speaker 1>you got to look at the market. Guys, if you're

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<v Speaker 1>investing on the one minute chart, the hourly and daily,

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<v Speaker 1>it's not going to work out well for you got

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<v Speaker 1>to have a larger view. So this is certainly a

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<v Speaker 1>local high we're experiencing here, or what took place in

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<v Speaker 1>Q four at twenty twenty four. We're having a correction.

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<v Speaker 1>We'll find the bottom and keep moving. The bull market

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<v Speaker 1>has not been invalidated. Now. The one good thing here,

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<v Speaker 1>the silver lining of this correction is that the mean

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<v Speaker 1>coins are bleeding out, and this is a very good thing.

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<v Speaker 1>We're having a reset. Look at this part coin is

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<v Speaker 1>down ninety percent from its January high. Trump coin it

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<v Speaker 1>is down from seventy five dollars or eighty dollars to

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<v Speaker 1>thirteen dollars. Sure is healing. I am not a fan

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<v Speaker 1>of meme coins. I think it's like going to Vegas

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<v Speaker 1>and gambling. It's like going to the casino, right, But

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<v Speaker 1>I believe people have the right to invest in what

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<v Speaker 1>they want. However, I do believe the law enforcement agencies

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<v Speaker 1>need to step in and stop the bad actors who

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<v Speaker 1>are rug pulling people. There are some meme coins that

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<v Speaker 1>are legit and that have been started for legit reasons,

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<v Speaker 1>but many are rug pulls. Now you look at dosee

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<v Speaker 1>coin and Shiva and Pepe, which have been established for

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<v Speaker 1>a long time, right, they have a community, they have

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<v Speaker 1>developers working in them, you know, those I trust and

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<v Speaker 1>those I'm okay with, you know, investing in. But something

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<v Speaker 1>that was started last night off of a trend, you

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<v Speaker 1>don't know who's behind it. There's no disclosure, there's no details,

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<v Speaker 1>there's no community, there's no developer, just random people going

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<v Speaker 1>to pump up fund and creating these things and then

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<v Speaker 1>they rug people. We can't have that. That is bad

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<v Speaker 1>for this market and it just gives a bad reputation

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<v Speaker 1>to the market. So we need to get that cleaned

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<v Speaker 1>up and hopefully the law enforcement can handle it. But

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<v Speaker 1>great to see these meme coins are bleeding out. Many

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<v Speaker 1>of them are down significantly, and that's good. The liquidity's

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<v Speaker 1>being sucked out of them and it's going to go

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<v Speaker 1>back to Bitcoin. As always, Bitcoin leads the market. Bitcoin

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<v Speaker 1>will pump the liquidity will roll down to the main

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<v Speaker 1>All coins in the market, etherorem XRP Salana and so

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<v Speaker 1>on and so forth. So this is a good sign.

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<v Speaker 1>Now we got big news from the SEC, as we've

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<v Speaker 1>been talking about over the past week guys, that the

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<v Speaker 1>SEC is going to continue to drop cases. Yesterday they

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<v Speaker 1>announced they dropped the robin Hood case. Last week they

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<v Speaker 1>dropped the open Sea and coinbase case, and now they

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<v Speaker 1>have dropped the UNISWAP case. So UNISWAP is a decentralized

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<v Speaker 1>exchange they had received the wells noticed. So great news, guys.

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<v Speaker 1>We are moving in the right direction. Shout out to

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<v Speaker 1>Hester Perce and the SEC Crypto Task Force. They are

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<v Speaker 1>doing amazing work and I can't wait for Paul Atkins,

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<v Speaker 1>the new chair, to get in office. Also, the SEC

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<v Speaker 1>acknowledged grat scales filing to allow staking for its spot

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<v Speaker 1>etherorem etf. This is big, folks, and I think once

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<v Speaker 1>this gets approved, you're going to see a ton of

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<v Speaker 1>inflows into the etheromy taps. It's going to track a

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<v Speaker 1>lot of capital. Now we'll let outpace what Bitcoin did.

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<v Speaker 1>I don't think so. Bitcoin just has his brand, it's

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<v Speaker 1>well known, it's more established. But there will be a

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<v Speaker 1>lot of inflows into this gray scale etf withstaking because

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<v Speaker 1>people will be able to earn the passive rewards. And

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<v Speaker 1>what are the great things that I'm seeing from the

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<v Speaker 1>Crypto Task Force, guys. There's more transparency. They're putting the

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<v Speaker 1>meeting logs who they've been meeting with on the SEC website,

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<v Speaker 1>so you can see here. A lot of the advocacy

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<v Speaker 1>groups in cryptos, such as the Digital Chamber, DeFi Education Fund,

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<v Speaker 1>Blockchain Association met with the SEC Crypto Task Force in

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<v Speaker 1>addition to Robinhood Fidelity. Michael Saylor, I told you guys

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<v Speaker 1>about that, if not yesterday, the day before, it says

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<v Speaker 1>here in NASDAC as well. And remember this is a

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<v Speaker 1>crypto task force, so they're meeting to talk specifically about crypto.

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<v Speaker 1>So really bullish. And as this list expands, it will

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<v Speaker 1>be very interesting to see who else is meeting with them.

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<v Speaker 1>So great stuff here, guys, great transparency. This is what

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<v Speaker 1>we should have had a long time ago, but we

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<v Speaker 1>were dealing with a scumbag regulator by the name of

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<v Speaker 1>Gary Genser. Now tomorrow there's a massive crypto hearing, guys.

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<v Speaker 1>It's the first Digital Asset Subcommittee hearing, headed up by

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<v Speaker 1>Senator Cynthia Lummis. So, this is the Senate Subcommittee on

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<v Speaker 1>Digital Assets. It's their first hearing. I'm very curious what

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<v Speaker 1>they are going to come out and say. So, Senator

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<v Speaker 1>Lummis says, yes, this is a big deal. This is

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<v Speaker 1>the first step towards bipartisan legislation. We'll hear from experts

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<v Speaker 1>who will shape policy on market structure and stable coins.

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<v Speaker 1>Stay tuned for live stream details so you can live

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<v Speaker 1>stream it tomorrow. I'll see if I can do it,

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<v Speaker 1>just depending on the timing, I may not be able to.

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<v Speaker 1>But I'll give you guys the recap at the end

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<v Speaker 1>of the day and the major takeaways. But guys, things

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<v Speaker 1>are moving ahead here. So in addition to the macro backdrop, guys,

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<v Speaker 1>we have the most pro crypto government ever. And this

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<v Speaker 1>is why I'm not bearish. I am so bullish because

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<v Speaker 1>all of these things are aligning. The stars are aligning

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<v Speaker 1>for us here, and despite the market volatility which is

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<v Speaker 1>to be expected, we are setting up for a massive run, guys,

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<v Speaker 1>and for higher prices. So very very bullish. Now quickly

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<v Speaker 1>from our sponsor, and that is Vchain. Vchain is one

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<v Speaker 1>I'm a big believer in this project. I have been

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<v Speaker 1>Mart China, BMW PwC that's a top four accounting firm,

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<v Speaker 1>and they're working with Boston Consulting Group as well building

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<v Speaker 1>more about vchain, go to vchain dot org. Link will

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<v Speaker 1>be in the description. Now we have an update here

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<v Speaker 1>from PayPal, and I apologize I can give you every

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<v Speaker 1>detail because Bloomberg has a paywall up, but it says

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<v Speaker 1>here PayPal plans to integrate it's stable coin into more

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<v Speaker 1>of its products this year in an effort to address

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<v Speaker 1>all of its merchants needs through a single platform. Guys,

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<v Speaker 1>the stable coin race is on. You got Ripple, r

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<v Speaker 1>L USD, PayPal, Circle USD, Tether USDT, and PayPal. You guys,

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<v Speaker 1>know is a payments giant, and they're going to push

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<v Speaker 1>their stable coin as much as possible. They also have

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<v Speaker 1>a crypto offering. You can buy and sell crypto on

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<v Speaker 1>their platform in addition to the Venmo app. So, guys,

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<v Speaker 1>you're going to see stable coins running behind the scenes

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<v Speaker 1>for many apps. People won't even know that they're using it.

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<v Speaker 1>But that's the point, right They don't necessarily have to know,

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<v Speaker 1>but just that it works, it's faster, it's cheaper, it

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<v Speaker 1>settles instantly. So we got to keep an eye on

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<v Speaker 1>firms like this and watch what they're doing, right because,

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<v Speaker 1>like I said, PayPal is a massive giant, guys, and

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<v Speaker 1>everybody is in this race now. Ripple today introduce a

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<v Speaker 1>roadmap for institutional DeFi on the XRP ledger and it's

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<v Speaker 1>a really great take. Now I can't read through all this,

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<v Speaker 1>it's a lot. I'll give you guys the TLDR, but

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<v Speaker 1>overall it's very good. I love what I see here,

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<v Speaker 1>and it's a clear roadmap as to what they want

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<v Speaker 1>to do. So they tweeted out from multiple accounts saying

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<v Speaker 1>for institutional DeFi to scale, it needs compliance ready, interoperable infrastructure.

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<v Speaker 1>The XRP Ledger it delivers with AMM trading and on

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<v Speaker 1>chain price oracles, tokenized real world assets, decentralized identity for

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<v Speaker 1>secure transactions. They also said here the future of finances

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<v Speaker 1>on chain with enterprise grade compliance features and native decks

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<v Speaker 1>and AMM and tokenization and much more. Now Ripples CTO

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<v Speaker 1>David Schwartz weight in saying it's here Ripple's roadmap for

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<v Speaker 1>institutional DeFi on the XRP Ledger in twenty twenty five.

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<v Speaker 1>As roadmaps go, I personally think this one is pretty great,

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<v Speaker 1>outlining a clear direction with use cases and features available

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<v Speaker 1>and to be proposed of what Ripple will be focused

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<v Speaker 1>on contributing to the XRP Ledger. This here. Now, I

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<v Speaker 1>will have someone from Ripple on next week Whi'll be

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<v Speaker 1>interviewing this person to talk about this. I couldn't get

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<v Speaker 1>David because he's so busy, he's at Denver much more.

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<v Speaker 1>But I'll have someone on from Ripple to talk about

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<v Speaker 1>all these things and what their plans are and to

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<v Speaker 1>go over to details. All right, moving ahead, guys, Gainstop

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<v Speaker 1>urged to convert its five billion dollar cash into bitcoin

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<v Speaker 1>by strives see Matt Cole. So you can see the

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<v Speaker 1>narrative is building here, guys for companies to add bitcoin

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<v Speaker 1>to the balance sheet, and we saw micro Strategy been

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<v Speaker 1>doing that, Tesla of course, and many other companies around

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<v Speaker 1>the world, for example, Meta Planet, it was announced that

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<v Speaker 1>they bought more bitcoin. They bought the dip. They bought

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<v Speaker 1>one hundred and thirty five bitcoin for approximately one point

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<v Speaker 1>nine billion Japanese yen. So, as I've been saying for years,

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<v Speaker 1>I don't think this trend is going to die. It's

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<v Speaker 1>going to continue. Companies will diversify their cash reserves into

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<v Speaker 1>bitcoin to protect the purchasing power and grow it. Of course,

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<v Speaker 1>now I'm a big believer in him doing this. Now,

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<v Speaker 1>I've often been a critical of what Michael Sailor and

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<v Speaker 1>micro Strategy is doing because they're using unreasonable amounts of leverage,

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<v Speaker 1>which I think is very risky. I'm not mad that

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<v Speaker 1>he's buying bigcoin or upset about I'm just saying the

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<v Speaker 1>leverage worries me. And some people have said, why do

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<v Speaker 1>you care? Who cares what Michael Sai is doing? Because

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<v Speaker 1>if that thing collapses, it's going to be very bad

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<v Speaker 1>for the crypto market. Guys. It'll be detrimental for the

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<v Speaker 1>entire crypto market because as we started the podcast with

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<v Speaker 1>the market moves a bitcoin. So I hope nothing bad happens.

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<v Speaker 1>I hope everything is going to be okay. But this,

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<v Speaker 1>you know, the amount of leverage worries me. But companies

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<v Speaker 1>who are simply taking a portion of their cash that

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<v Speaker 1>they have in their reserves and putting into bitcoin not

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<v Speaker 1>a big deal because they're not using leverage. They already

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<v Speaker 1>have the cash, it's sitting there and it absolutely makes sense.

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<v Speaker 1>So let's see if GameStop decides to do this. Guys,

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<v Speaker 1>we're seeing a lot more companies globally doing it. Obviously

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<v Speaker 1>Tesla and SpaceX do it as well, so we shall see.

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<v Speaker 1>And a big catalyst but I'm doing it will be

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<v Speaker 1>if like the United States government is able to pass

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<v Speaker 1>the Bitcoin Reserve Bill, because then if the government is due,

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<v Speaker 1>it kind of gives the okay to the private sectory,

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<v Speaker 1>to private market right to do these things. So I

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<v Speaker 1>think the best is yet to come with stuff like this. Guys,

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<v Speaker 1>that's the news. Let me know what you think. Leave

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<v Speaker 1>your thoughts and comments below, hit the thumbs up button.

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<v Speaker 1>Be sure to check out my newsletter on substack. It's

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<v Speaker 1>one hundred percent free and includes all the crypto insights

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<v Speaker 1>and knowledge. I include a lot of data and charts

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<v Speaker 1>in there so you can take a look at it.

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<v Speaker 1>And once again it's free. Check out my book on Amazon.

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<v Speaker 1>It's available in paperback in digital, and also check out

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<v Speaker 1>my new 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>and it covers everything from A to Z. Best of all, guys,

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<v Speaker 1>what makes this unique You will hear from founders, CEOs,

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<v Speaker 1>institutional investors and innovators in the space. They're going to

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<v Speaker 1>break down different aspects of crypto for you. So it

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<v Speaker 1>includes videos, full write ups, downloadable materials. No other course

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<v Speaker 1>fee for lifetime access and you can share to log

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<v Speaker 1>in with your friends and family and just go at

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<v Speaker 1>your own pace. Guys. So a lot of value packed

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<v Speaker 1>into this course. So if you'd like to learn more,

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<v Speaker 1>go to Mycrypto Course dot com. Link will be in

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<v Speaker 1>the description. Thank you guys for watching and listening. I

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