BIG CRYPTO NEWS! CITI BANK CUSTODY, JPMORGAN BITCOIN TRADING, & BLACKROCK CEO PUMPS CRYPTO!

Episode Transcript
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Speaker 1 (00:05):
Hey, folks, welcome into the Thinking Crypto podcast. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please sit that subscribe button as
well as a thumbs up button and leave a comment below.
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or Apple, please leave a five star rating and review. Folks,
not too much to report on the price action, but

(00:26):
I did want to highlight that Bitcoin on the high
time frame of the monthly chart is still bullish with
the bulls that are still in control, and that total
three which excludes bitcoin e theorem and stable coins, is
on the move upward. So we're looking to see if
this is a true V shape recovery happening here or

(00:47):
we may roll over to test the lows again. We
just have to be patient, but we see the macro
bull market is still in tag Gold is still a
leading indicator here making new all time highs. The stock
market is actually rebounding as well, well, so global liquidity
shows we still have room to go here, and I
do believe there's a macro setup. As I mentioned in
yesterday's podcast that I believe Trump will backtrack on some

(01:10):
of these tariffs or delay them once again specifically for China.
I believe Number two, the US government opens up. Number three,
the FED cuts rates, and right now the markets are
pricing a ninety eight point three percent chance that the
FED cuts rates to three point seventy five to four
percent at the October twenty ninth meeting. And I do
believe once the government opens up, eventually the Clarity Act

(01:33):
will get past, and I think it happens by the
end of this quarter, and then I think the SEC
approves the all coin et app So you have these
major milestones and items that are huge narratives for the
masses as well as for crypto. And I think we're
still in the bowl market. I still think we have
a bowl off top two hit, but it's not going
to be a straight lineup, and we can still see

(01:55):
more volatility. Of course, you know, on the news of
the FED cutting rates, I think they will definitely have
to because right now reports are coming in at hiring
is at the lowest level since two thousand and nine,
so this is going to force the Fed's hand, of course,
and we continue to see whales are accumulating. So while
it's up ten or more bitcoin based on data from sentiment.

(02:15):
This is on chain data. Show the accumulation continues not
only on chain data, but public announcements like Michael Saylor's
strategy they bought more bitcoin. In addition to Tom Lee's
bitmind they bought more ethereum. So the accumulation by these
digital acid treasury companies and whales continue. You know, guys,
they are looking to do the stock price arbitrage. They're

(02:37):
not looking to buy an acid that's going to roll
over in price and they're not going to be able
to make the money.

Speaker 2 (02:42):
Right.

Speaker 1 (02:43):
In addition, we saw today that one billion in USDT
was minted, so you got fresh stable coin liquidity coming in.
In fact, three days ago they also printed another billion.
So these are things I've shared with you over the
past year or two with the bull market. As you know,
another factor as the liquidity is still coming into the
market being minted, and you know that's going to make

(03:05):
its way into cryptos. So I do believe we still
once again have that final leg to go to the
blow off. Tom. In addition, you had Larry Fink folks
go on sixty minutes. Now this is mainstream, right, so
this is not really for us who are crypto investors?
But Larry is going on TV once again. We've seen
this time and time again. When he's going on TV

(03:27):
talking about crypto, the markets usually follow with a pump
because why he's setting up the retail exit liquidity. I
don't make the rules. This is just how markets operate.
People do this in the stock market as well. I
think you all know that. And he said some very
bullish things about cryptos. Let me played a short clip
for you.

Speaker 3 (03:45):
I did say bitcoin because we were talking about bitcoin
then was the domain of money launders and thiefs. But
you know, the markets teach you you have to always
relook at your assumptions. There is a role for crypto
in the same way there's a role for gold. That is,
it's an alternative for those looking to diversify. This is

(04:09):
not a bad asset, but I don't believe that it
should be a large component of your portfolio.

Speaker 1 (04:15):
So there you have it. He even addressed his food
statements in the past, but he's where he said bitcoin
was just used for money laundering and so forth. Obviously
he's done a one eighty. His firm is done a
one eighty. They've launched the most successful Bitcoin ETF and
the most successful ETF in the history of ETFs. That
Bigcoin ETF is sucking in as much bitcoin as possible

(04:35):
so they continue to accumulate. These are big statements here,
once again, not for you and I we know this,
but this if you understand the positioning, right, Larry's going
on TV on sixty minutes to reach the masses, and
he's talking his book, and we know what comes next, right,
There's going to be a pump, and you know Blackrock
they want to make money. So this is the game, folks, right,

(04:58):
This is why we want to be on the side
of smart money, not dumb money, the lake comers who
don't do their research, they just go with the herd.
We want to be researched. We want to look at
the charts, the unchained data, the macro and much more.
And as I've been saying, guys, the higher probability is
on the side of this bull market continuing and we
head to a blow off top. Obviously there is a
bearersh case. There are some bearer signals, but the macro

(05:21):
structure and all the data points I've highlighted have not
been invalidated. Now, folks, a great place where you can
invest in crypto and get huge tax benefits is what
I Trust Capital. I Trust Capital allows you to roll
over your existing four one k and IRA to a
self directed IRA where you can invest into eighty plus
crypto assets and you can trade twenty four to seven.

(05:43):
There are no monthly fees and huge tax benefits right
by doing it in an IRA. Not only crypto, you
can access gold and silver, so you can invest in
precious metals. So this is a great platform where you
can get the best of both worlds and get the
tax benefits and secure your assets for the long term.
So this falls in line very much with what the
Trump administration opened up, you know, where they allow retirement

(06:07):
accounts to invest in crypto. So I Trust Capital has
been allowing you to do this for a long time,
so this is a great platform. They also have a
great custody product called Premium Custody account and folks. This
uses the same platforms that Black Rock and the institutions use,
like coin based custody, Fidelity and much more and second
to self custody, I believe this is the safest option

(06:29):
out there because of the level of custody that they're using.
Right the same thing that the institutions are using. So
you can sleep at night knowing your assets are safe
and using you know, bank tiered institutional grade custodial services. So, folks,
lots of benefits to using I trust Capital And if
you use my link you can get one hundred dollars

(06:50):
funding bonus. So check out I trust Capital. It's a
great option. I have an account with them. Link will
be in the description. Now, folks, look at this news.
This is so bullish. We heard rumors about this, but
now we've got some confirmation. City Bank targets twenty twenty
six launch for crypto custody service as Wall Street dives
deeper into digital assets. We're talking one of the largest

(07:13):
banks here, folks, and you know all of Wall Street
is bending the knee. We've been talking about it for years.
This is the next macro trade. This technology will be
powering the governments, the markets, and the economies. We see
the race the tokenization, we see the ETFs and all
the financial products being launched around cryptos. So this is incredible.

(07:33):
So City is aiming to launch its crypto assets custody
service in twenty twenty six and executive toll CNBC City
along with other Wall Street giants such as JP Morgan
and Bank of America are also exploring stable coins. A
more favorable regulatory environment in the US has prompted American
banks to offer more services to do with digital assets.

(07:54):
So not only are they launching crypto trading custody, they
want to launch their own stable coins. And folks, I've
gave the mock scenario for many years, right, your bank
is going to start calling you and asking you if
you want to invest in crypto that's coming, And you
know a lot of folks are going to go that
direction because they're comfortable. Maybe they're banking with these folks already,

(08:15):
and they trust the brand and they know the people
at the local banks and so forth. So you're going
to see a lot of people enter crypto this way.
Now would I do it, No, But not everybody has
the same level of technical expertise or knowledge around these things.
So people are going to come through this major on ramp, folks.
But we are on the winning side of history, right Clearly,

(08:36):
all these folks who were talking negatively about crypto, trashing
it and much more lobbying to fight it and kill it,
are now bending the knees, so we have one. We're
in that. Then you win phase. Remember first they ignore you,
then they laugh at you, then they fight you, then
you win. And here's another example, folks. One of the
JP Morgan bank executives was interviewed on CNBC and he

(09:00):
talked about they're going to allow their clients to trade
bitcoin and crypto, but they're not sure about custody yet.
That may be down the road. Let you played a
clip for you.

Speaker 2 (09:09):
Just in terms of another big topic that the bank's
focused on, custody of crypto assets. I speaking the city
last week suggesting they're going to launch their own crypto
custody service. This is actually holding bitcoin, ethereum and other
tokens as well. When it comes to how you're approaching
digital assets, how big a topic is custody right now?
Is it something that you're looking to launch as well?

Speaker 4 (09:32):
JP Morgan side, I don't think that's in the near
term horizon for us. I think Jamie was pretty clear
at invest today that we're going to be involved in
the trading of that, but custody is not on the
table at the moment. There's a lot of questions our
around our own risk appetite of how far we want
to go down that path from trading and other sides
of it, and then custody, I guess would follow. But
naturally we need custodians. So we're exploring what the right

(09:53):
custodians for us for the business footprint they will grow.

Speaker 1 (09:56):
Look at that, right, Jamie Diamond has gone quiet again.
All the big bangs bending the knee, folks, and all
of this will lead to higher prices not only for
this bull market, but for future bull markets. I've told
you guys that once we hit the top here and
we roll into a bear market, I will be buying

(10:16):
the blood on the streets once again and preparing for
the next bull market. Here's some big news around digital
asset treasuries. So China Renaissance in talks to raise six
hundred million dollars for the US listed BnB treasury vehicle.
So we see many companies publicly traded around the world
are adding bigcoin in different all coins that are balance
sheet And again this goes back to what I said

(10:38):
at the beginning. Why would they be doing this if
we're entering a bear market or we are in a
bear market according to some people, right, So we are
seeing this arbitrage trade happening, I think in the bull market.
But once the bear market comes, they're going to slow
down because they want to use the they want to
get the benefits of their stock price. So based in
Beijing but listed on the Hong Kong Stock Exchange, Chinese

(11:00):
Investment Bank previously allocated one hundred million dollars to a
BnB treasury strategy, so of course they're looking to do
that in the United States. So I hope you see
what's happening here. This is incredible, and this is very
good if you hold their respective tokens. I don't hold BnB,
but it's been ripping lately, so congrats if you're holding that.
I hold other tokens that are being bought like bicorny theorem, Solana, XRP, AVAX,

(11:25):
and others. And I've said it before that this is
going to cause, you know, a lot of supply and
demand economics to play out, driving the prices higher. Now
look at this news Ripple and Immunify launch attackathon aimed
at securing proposed XRP lending protocol. So there's a lot
of development happening on the XRP ledger, and we're seeing

(11:48):
something cool here, So Immunify and Ripple have teamed up
to launch and attackathon designed to help security upcoming native
XRPO lending protocol, the two teams announced Monday. As part
of the hackathon, the firms have invited global security researchers
to test the proposed XRPL lending protocol for vulnerabilities. Participants

(12:09):
will be trained on the technology before competing for a
two hundred thousand dollars reward pool. The education phase is
starting October thirteenth, with the bug bounty program running from
October twenty seven to November twenty ninth. According to a
statement shared with the Block Enterprise blockchain solutions firm, Ripple
is one of the key contributors to the XRPL, while
Immunifies on chain security platform claims to protect one hundred

(12:32):
and eighty billion dollars in user funds and has prevented
over twenty five billion dollars in hacks across more than
six hundred and fifty protocols. So this is something every
protocol needs to do right to make sure their security
is up to par, and you hunt down bugs and
things that, like they said, vulnerabilities that could cause problems

(12:53):
so every blockchain has to do this. It's great to
see this is happening in the XRP l especially as
there's a lend aspect coming in and you know the
whole DeFi aspect of that. You need to make sure
all of it is secure. Now, speaking of XRP, look
at this new Some legendary investor and trader Peter Brandt,
he shared the XRP chart today saying, as a student

(13:14):
of classical charting principles and history, has there ever been
a purer long term chart? And he shared the XRP chart.
It looks bullish. You know, a lot of XRP and
ripple haters are going to get emotional and triggered. But
a guy like Peter, he doesn't care. He charts Bitcoin,
he charts gold and other commodities, he charts all the
crypto assets. So he's just sharing the data. But this

(13:37):
is why we don't want to be emotional. We want
to look at the data. And XRP chart looks great. Guys,
I've been saying that for a long time. And there's
a lot of demand coming from the spot ETF. We
see a ton of applications waiting for the SEC to approve.
The sec ripple lawsuit is over. Building on the XRP
ledger is surging right since that lawsuit wrapped up. So

(13:57):
the haters can cry and make up all kinds of stuff.
But I'm here to make money. I see facts right
in front of me. Of the charts, I see legendary
traders are recognizing that, and I'm prepared for the next
leg up folks. Now, speaking of XRP, CFTC regulated options
on XRP and Solona are now live and trading. So

(14:19):
the CME Group published this, and we know that the
futures have been live for a good amount of times.
Now the options are live. I know you guys are
going to say this is not good. It's the future
is yes, but I think this is going to be
used to short the hell out of these assets when
the bullmarket tops. Right. We've seen it for Bitcoin, we've
seen it for ethereum. But they can't do anything when
we're in an uptrend and the bullets are in control. But

(14:41):
this is why I'm saying a beer market's coming. These
products are being put into place, so it's where we're
going to back up the truck and buy the blood
on the streets as mentioned before. But just fyi, these
products are here, and I think you know with this
spotty tap is going live, you're going to have a
good balance in the market, right because look, you can
make money on both sides. Now, I don't use leverage,

(15:04):
but if you wanted to do a small you know,
like I mentioned in yesterday's podcast, a small amount. You
want to do five ten percent of your portfolio and
the rest is in spot You can do that and
you can short the market if you want, but obviously,
know what the hell you're doing, or you're going to
lose your shirt as we saw on Friday. Don't go
all in, don't put your life savings. Don't that shouldn't

(15:25):
be the majority of your portfolio. You need to have
a spot bag that you're just holding and that you're
just playing the macro cycles. Right. So this this is
something you know, a lot of investors are going to use,
especially institutional investors, to short as with the market hits
its top. So folks, that's the news. Let me know
what you think. Leave your thoughts and comments below, hit

(15:45):
the thumbs up button. If you appreciated this content, please
support the podcast by subscribing to my free email newsletter.
It is one hundred percent free. Link would be in
the description. Check out my book on Amazon is available
in paperback, in digital, and my course at my crypto
course dot com. This is a comprehensive course that teaches
you everything about crypto, so check it out. Folks. Thank

(16:06):
you so much for watching and listening. I appreciate you all,
and I'll talk to you all later

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