BIG WALL STREET FIRM TO LAUNCH CRYPTO ETF & TRUMP PARDONS CZ BINANCE!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, 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
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or Apple, please leave a five star rating and review. Folks.
I am back home in the United States. Of course.

(00:26):
The past three or four days I was in Prague
in the Czech Republic for a Treasures event where they
launched a new Treasure Safe seven so good to be back.
Good to be back, and then my home studio with
proper camera and Mike so Apologies about the quality over
the past few days, but that's how it is when
you're recording from a hotel room. But folks, we've got
lots of big news to cover. I would like to

(00:47):
start with the price of bitcoin, because we're still chopping
bitcoin at the time of recording at one hundred and
ten thousand dollars. We still got to give this some time, folks.
We continue to see the chop in the volatility, so
you know, I think the market is still recovering from
that October thirteenth dump and manipulation. You know what we
saw with Trump announcing you know, the tariffs again and

(01:09):
then a whale took a massive short out, so we
really got to let the dust settle here. One of
the things I've been sharing that it's a good sign
is that on the daily chart the bears are losing
momentum too, So it looks like this is going to
flip green soon and we'll see where it takes us. Right,
I do believe we're still in a bull market based
on different macro factors that I've been stating them a lot,

(01:30):
and of course I've been putting them in my newsletters,
so be sure you check that out. The RSI and
the daily chart also moving away from the over soul
zone when you look at the higher timeframe of the
weekly though, the weekly shows the bears are still in
control here, so again got to give it more time.
From the monthly standpoint, it's same as what we've been
covering over the past month. Despite the huge volatility. The

(01:53):
monthly chart shows the bulls are still in control here.
So this is certainly a big factor as to why
I think the bullmarket is not over. I want to
highlight something here from Crypto Currently, who gave three scenarios,
and often on this podcast, I give scenarios, right. I
know a lot of people want certain days, They want
you to tell them definitively that this is going up
or definitively this is going down. But no one has

(02:15):
a crystal ball. But as investors were looking at different
data points in the facts and not getting emotional and
looking at the different scenarios and which has the higher
probability of playing out, that's how you got to view
it probability right, Because there is a bear scenario, there
is a bullish scenario. So he highlighted on a chart
here specifically for bitcoin, that a final push is possible

(02:38):
that will take us near one fifty, and then a
full reset which is likely, which would take us to
over one fifty, and then it's over. But he's saying
that's the unlikely scenario. So he says it's time to
update this bitcoin chart. There's many out there that are
convinced that cycle is over and have sold everything. There's

(02:58):
also many out there that are convinced it's not over
and are fully allocated. I don't believe the cycle is over,
but I am also prepared for the unlikely scenario that
it is. So again you look at the different scenarios, right,
based on different factors, and you look at it from
a probability standpoint. So I've personally been saying, based on
the data, I believe the higher probabilities that we are

(03:19):
still in the bull market, and I presented that data
to you guys. One such is, of course gold being
a leading indicator, and it has been correcting, so we
can expect rotation from gold into the stock market and
then into crypto. Of course gold on the daily chart,
we are seeing the RSI heading towards the over soul zone.

(03:40):
It's not there yet, and the bears are in control.
So the MACDI shows that it flipped from bulls to bears.
So this once again another leading indicator. And if you
look at the SMP five hundred and even the NASDAC,
they're all still showing signs of strength here and it's
all following global liquidity.

Speaker 2 (03:57):
Right.

Speaker 1 (03:57):
Global equity is certainly one of the big fact that
we've been tracking, and it still shows we have more
to go here. Now, it's not the only factor, right,
You can't just look at one, two, or three. You
got to look at multiple and I often share about
eight to ten with you guys, And it can't be
just charts. It has to be on chain data. It
has to be macro factors because what the FED is

(04:19):
doing and liquidity and all these things affect markets, right,
so we want to look at different factors. All right,
moving ahead, folks, we have huge news. This is incredible.
T Ro Price files to launch an active crypto ETF
in a strategic pivot. The one point a trillion dollar
mutual fung Giant is seeking SEC approval for its first

(04:41):
crypto ETF. Making a bull move into digital assets. They're
all bending the knee, folks. We've been seeing Charles schwab
E Trade, Morgan Stanley, Vanguard. Right, even the naysayers are
bending the knee. And it's amazing to see all these
Wall Street trad five firms getting involved in It's what
we've been saying for years. You know, I've been talking

(05:02):
about this since twenty eighteen, twenty nineteen. Now these things
are coming to fruition and this is going to bring
in more capital into the asset class. So there's still
money to be made here, folks. You got to be patient, though, right,
these things are now getting set up and more capital
will flow in. Let me give you some details here.
So trow Price has filed an S one form with

(05:22):
the SEC to launch the trow Price Active crypto ETF.
The firm, which manages over one point eight trillion dollars
in assets, is traditionally known for its mutual funds, and
analysting the filing could signal a coming land rush for
active crypto ETFs. Here's what Eric balachun Is, senior ETF
analyst at Bloomberg said, semi shock, tiro Price just filed

(05:46):
for an active crypto ETF. They are a top five
active manager by assets mostly mutual funds. Did not expect it,
but I get it. There's going to be a land
rush for this space too, nature Raci said, can't oversee
the significance of tiro Price filing for an actively managed
crypto ETF out of left field. Tiro is the quintessential

(06:08):
legacy asset manager. Founded in nineteen thirty seven. They manage
some one point eight trillion dollars in assets, but just
got involved with ETFs in twenty twenty. Now moving to
crypto folks, I mean, I don't think I need to
say anything further right, all of Wall Street's bending the
knee here, and I hope you recognize what's happening and
why you have to be patient and why you have

(06:30):
to have the macro view on this asset class. A
lot of people get caught up in the daily and
they're impatient and they get emotional about the volatility. But
this is all part for the course with investing right.
We can control some of these things that are happening
out there, like Trump announcing tariffs and the whale manipulating
the market with the short with some inside information and

(06:52):
so forth. But you know, those things eventually get priced
in accordingly, and then we come out of the whole
and we move on. I've been here since twenty sixteen,
so I've seen a lot of it, so it doesn't
even phase me anymore. Don't get me wrong. I don't
like when my portfolio is down, of course, but you
know I've been telling you guys, I've been buying in
the bear market, so my portfolio is up despite these pullbacks.

(07:14):
I could exit the market today and be in really
good profit. Obviously, I believe this is further upside, so
I have not liquidated any of my assets and I'm
not in a rush to get the money right now.
Obviously I have plans, but if you understand what I'm saying,
I'm not desperate. So I based on the data, my
research here and everything that's going on, I believe we

(07:35):
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(08:41):
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link in the description. Some of you may have heard

(09:01):
this news, but President Trump has pardoned Binan's former Binance
CEO CZ. He's also the founder. Of course, Trump said
he wasn't guilty and was persecuted by the Biden administration.
Now there's a lot of controversy here because you know,
I'm not going to get into all the political details,
but I'll give my perspective. You know, I've been around,

(09:22):
like I said, since twenty sixteen. I interviewed CZ a
couple times back in twenty eighteen, twenty nineteen ish, and
when in the back in the day it was the
wild West, a lot of crypto companies weren't doing like KYCAML,
so Binance getting fined by the regulators makes sense, right, Like, hey,
you guys didn't set up the proper things, okay, But

(09:45):
Cez never stole people's money. He never laundered money. You know,
it's not like we're talking Sam beckmerfreed here or Alex
Mashinski at Celsius. So Cez never did those things. And
I think the Biden administration, you know, threw him into
jail for thirty days, like he shouldn't have gone to jail,
But should Finance have gotten fined? Yes, right, But we

(10:06):
know it was a big political show with Elizabeth Warren
and much warm So I think this pardon is warranted
because again c Z did not steal people's money, and
he did not launder money. Now again, didn't set up
KYCAML and the Bank Secrecy Act and all that stuff. Yes,
and they got a huge severe penalty, right, So that's

(10:27):
done with. So Elizabeth Warren and certain folks are trying
to politicize this, and it's a bit hypocritical of Elizabeth Warren, right,
But I'm not going to go into all the political details.
But I'm just giving you my two cents and my
perspective having been in the industry. Now, if Trump were
to part in the Sandbank and Freed, I would be
very upset about that, or even Alex Mashinski, because those

(10:49):
guys actually committed crime, stealing people's money and lying to
people and much more. Right, I think we all know
what happened there, So FYI on this and and we'll
see if you know the Democrats use this. I hope
they don't. And they realized that. Look, cz got fine
and he went to jail for thirty days. Okay, right,

(11:10):
Like what the hell are we talking about here? So
hopefully Elizabeth Warren doesn't go nuts, but she's already tweeting
about it, So FYI there. Now something interesting is coming
out from the American Bankers Association. They're starting to say
the quiet part out loud. So recently we heard that
the bankers were trying to change the Genius Act because
they didn't like that you could earn higher yield on

(11:32):
exchanges like Upholder, Coinbase and others on stable coins. Right,
because they give you bullshit. The banks give you bullshit interest.
We all know that they pocket a lot of the
money and the interests and so forth, and they don't
give you anything, and all of a sudden they're like, oh,
we're not trying to change anything. This is about the
community banks, and we're trying to protect them so they

(11:53):
can better serve you, Like, get the hell out of here.
You think we forgot two thousand and eight how they
got bailed out with our tax dollars and they continue
to give us bs interests and yield right, and now
we have an option and the banks are trying to
stop that. They don't, they don't they trying to stop
the competition. Let me play a clip for you.

Speaker 3 (12:10):
So I think we're making a great headway actually in
demonstrating why this is an important issue, and this is
not about re litigating something that's settled. This is about
ensuring banks continue to be in a position to support
their communities and power the economy. And a you know,
detriment to that would be allowing the likes of coinbase

(12:34):
or Craken to pay interest on payment stable coins. I
mean that just flies in the face one of you know,
the notion around a payment stable coin that it should
be a means of payment and not a store of value.
But to this prohibition that Congress clearly said that we
already talked about not paying interest on these things, and

(12:59):
so that there's I don't know, how do you feel, Jess.
I mean, there's lots of good.

Speaker 2 (13:05):
Questions here, Like I totally agree. I feel like this
is this is not an easy fight. It's a very
well resourced, y you know group on the other side,
let's put it that way. But we have broken through. Again.
We're not speaking just about This isn't about what's good
for banks. This is about what's good for communities. Banks

(13:25):
take deposits and convert them into loans. That's what we do,
and fewer deposits means fewer loans, and most members of
Congress understand that that's not a good thing. They certainly
don't want to have to pick between friends, let's call it.
But at the same time, they don't want to do
damage to the communities they serve.

Speaker 1 (13:41):
Can you believe that, folks? How dare you go earn
hire yield outside of these banks? You must stay at
your bank so they can keep pocketing majority of the
funds and not give any to you or give you
the breadcrumbs, right, so these banks can go f themselves
if you know what I'm mean. I remember these are

(14:02):
the guys who lobbied Elizabeth Warren and Gary Ginzer to
come after Crypto over the past four years. So that's
why you saw Elizabeth Warren team up with Jamie Diamond,
you know, holding hearings to attack Crypto and much more.
We know, right, So that's the game. But look disruptions
at their doorstep, and we see a lot of them
are now looking to launch their own stable coins and

(14:24):
custody and trading it much more. But they've lost. They
have lost, and they're still trying to scramble right, but
now they're starting to say the choie part out loud.
Oh no, don't disrupt us. We need to stay in power.
Get the hell out of here now. Speaking of banking,
some good news here for Custodia Bank, which is Kaitlin

(14:45):
Long so they said here tokenized deposits launch. Vantage Bank
and Custodia Bank announced launch of tokenized deposits for US
banks Turnkey, a creditive solution that integrates tokenize deposits and
stable coins directly in traditional online banking environment. Caitlin says
this has been in the works for more than five years.

(15:06):
We were the first to issue tokenize deposits on a
permission less blockchain in the US with our bank partner,
ad Vantage Bank in March, and now the consortium is
officially launched. So this is really great. You have these
companies and crypto friendly banks that are able to do
these things, and I'm excited to see what comes out
of this. You know, one of the things that Uphold's

(15:30):
founder Greg Kidd, if you guys recall my interviewed him,
he's trying to do the same thing with Vasbank. So
I think we're going to see a lot of tokenized
deposits in addition to stable coins and much more. But
this is the future. And recently we heard the FED,
I think it was just this week that they want
to give the master account light version now to different

(15:52):
companies that include stable coin issuers as well as crypto companies.
So again the banks have lost the big banks I'm
talking about now, the ones that controlled the majority of
the payments and finances like your JP, Morgan and others.
So pretty amazing the progress that's being made here. Now,
we had some news around Algoran. You know, some people

(16:13):
are saying, hey, you haven't covered Algoran. And look, if
I see major news, I will cover it. If I
don't see major news and I don't cover it. So
Algoran Foundation says our partnership with the World Chess, I
guess is the organization is renewed and stronger than ever.
Together we're driving innovation and loyalty and identity in sports,
starting with the Tower, a fully on chain chess loyalty

(16:35):
program built on Algoran's intermeso. So this is interesting and
we're going to see rewards and gamification and loyalty points,
all kinds of things on the blockchain, folks. So this
is certainly the direction of the world is heading in. So
really really great stuff here. And also Stacy Warden, who
is the CEO of the Algoran Foundation, she attended the

(16:58):
Federal Reserve Payment and Innovative Payments Conference this week and
it's good to see al grand in the mix here
and she took a photo here with the Fred Governor,
Christopher Waller and Anthony Scaramucci. So let's see. Let's see
what al grind can do here, folks. I still hold
some Algo tokens, not much, but uh, you know, I'm
glad to see activity. I'll put it that I'm glad

(17:21):
to see some activity here. And you know, I guess
I said, guys, if there's big news, I will cover it.
But there has to be significant news, folks. That's the
news here. Let me know what you think. Leave your
thoughts and comments below, hit the thumbs up button. If
you appreciate this content, please subscribe to my free email newsletter.
It is one hundred percent free. It's on substack. Link

(17:41):
will be in the description. Check out my book on Amazon,
it's available in paperback, in digital, and my course at
Mycrypto course dot com. This is a comprehensive course that
teaches you everything about crypto folks. I appreciate you all,
and I thank you for tuning in, and I'll talk
to you all later

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