BITCOIN DUMPS ON CHINA BAN, TETHER, & MICROSTRATEGY FUD & ELON BULLISH ON BTC!

Episode Transcript
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Speaker 1 (00:00):
Bitcoin is crashing again as fud has ramped up, with
China banning crypto once again, micro Strategy and Tether Fudd
making the rounds, and Elon Musk is talking about bitcoin
and crypto once again. I think this is a good sign.
I'll give you the details. Let's get into it. Hey, folks,

(00:22):
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 let that subscribe button as well as
a thumbsup button and leave a comment below. If you're
listening on a podcast platform such as Spotify or Apple,
please leave a five star rating and review. Folks. At
the time of recording, bitcoin back below ninety thousand dollars,

(00:43):
big red candle on the chart here. And this is
the volatility we've been talking about right that this will
not be a straight lineup. We're not going to see
a big V shape recovery here. It's going to be
a slow, steady grind and we need more confirmation. This
is why we don't get too excited even though we
were seeing a reversal. Now this honestly looks just like
a retest to me. Obviously, We'll have to let it

(01:04):
play out to see how far down it goes. But
Bitcoin's RSI is still off that over soul zone and
this just looks like a retest. Before we continue on
the daily the bulls are back in control. The MACD
shows that, so again when you look at these complementary
data points, it shows that, okay, this is just a retest,
and it's funny it's happening the day before the Fed

(01:26):
ends quantitative tightening. Right tomorrow officially, the Fed ends quantitative tightening.
Now for the stock market, we're continuing to see positive
signs with the S and P five hundred making its
way up as well as the Nasdaq. So let's see
how the stock market plays out this week if it
breaks the old time high, because that's going to be
very good for crypto. And in fact, silver made a

(01:48):
new high today of over fifty eight dollars, so it
continues to move. It is approaching the overbought zone, so
you know, we can expect to pull back, but this
is still very good. Gold is also moving and where
waiting to see if that's going to break all time
highs because these things have been happening over the past
two years. With gold being a leading indicator the stock market,
and then crypto followed. Now with crypto specifically, there is

(02:11):
a lot of fud. I mean, it's funny how these
things start to pop up on the price is down right.
A lot of times short sellers are putting out narratives,
they're putting out articles and much more because they're trying
to shorten you get people to sell. They want as
much fear as possible. Now, in one way, that's good
because it allows the market to reset. Right when you

(02:32):
hit that over sold extreme fear zone and everybody believes
it's over, then the market does the opposite. So China's
Central Bank reaffirms crypto ban flag stable coin risk following
multi agency meeting. Now, if you've been around in the
crypto market, this is like the millionth time they have
banned crypto, right, I mean, at this point, it's ridiculous.

(02:56):
I've been here since twenty sixteen and it's so stupid
and will still fall for this stuff. But they've been
banning crypto forever yet Hong Kong, you can buy, sell,
trade crypto, and China controls Hong Kong, right, So don't
fall for it, guys and there's also a lot of
tether fud. You know now that bitcoin's down. Oh nos,

(03:17):
Teather're going to be insolvent, right, so that narrative is
starting again again. We've seen it throughout this bull market,
We've seen it throughout the years. Is just non stuff.
So anyway, it's the bears and the people who are
anti crypto who are at it, so they're putting out
their narratives, they're shorting and much more. There's also rumors
that micros Strategy may have to sell right where if

(03:40):
they're m NAV falls below a certain level, they're gonna
have to sell bitcoin. And apparently Sailor he tweeted out
today about adding green dots to his chart because typically
he puts it out, you know, the orange dots where
they buy. So this green mean they're gonna sell. I
don't know, right, but anyway, there is a lot of
fud here. Micro Strategy is going to collapse and all that.

(04:02):
But I don't think micro Strategy is in that type
of position. Remember they came through the bear market in
twenty twenty two, so they've experienced a lot more volatility
in harsher environments when it comes to the market. But
look you never know. Right. One of the things I
am concerned about as relates to micro Strategy is the
amount of debt they've raised. Right, that's a lot of leverage.

(04:23):
So I don't hope anything bad to happen to them,
but you know the amount of leverage. Once again, that
could put you in a very tough spot, especially people
are coming after you. Right, there's talks about JP Morgan
trying to take down micro Strategy, so we shall see.
It's pretty pretty nuts. You can imagine a lot of

(04:44):
the Wall Street firms they may not like what micro
Strategy is doing, especially like for example, black Rock and
a bunch of others have issued ETFs. They would rather
people invest in the ETFs where they're making the most money. Right,
we just reported that Blackrocks executives said the coiny ETFs
have been the highest revenue generator for the company. So

(05:04):
let's see what happens. And I don't think micro Strategy
is in a place where they're going to collapse. I
think they may have to sell maybe, you know, we'll
have to wait and see. Let's see what the big
announcement is tomorrow. Now I mentioned JP Morgan, look at
this news. JP Morgan has bought over three hundred million
dollars of black rocks at Bigcoin etf ibit, So they

(05:27):
are investing in the ETFs, they're offering it to their
wealth clients, they're tokenizing, they're doing a lot with crypto.
So they have exposure to bitcoin through three hundred and
thirty two point eight million ibit shares, ten point seven
million ibit shares externally manage sixty seven point eight million
IBIT calls may be hedged. It looks like one hundred

(05:49):
and thirty three point three million ibit puts also maybe hedged.
So pretty incredible what these guys are doing here. And
look it's all the major banks. They're all jumping in now, folks.
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Elon Musk is starting to talk about bitcoin again and
you may say well, what's the significance of this, Tony. Well,
let's go back in history a bit, right, so you
know what's happening. Elon holds bitcoin, ethereum, and dogecoin. He's

(07:40):
very bullish right on those. Tesla and SpaceX both have
bitcoin on their balance sheet. And he was recently interviewed
and he talked about bitcoin as a true currency based
on energy, and he's saying, you can't legislate energy. Let
me play the clip.

Speaker 2 (07:54):
For you currencies if you will, that are physics based.
Energy is energy? Is the real is the true currency?
This is why I said bitcoin is based on energy.
Can you can't legislate energy. You can't just you know,
pass along and suddenly have a lot of energy. It's

(08:15):
very difficult to to generate energy, especially han us energy
in a useful way to do useful work. So I
think that probably we'll probably we won't have money and
probably will just have energy, you know, power generation as

(08:37):
the de facto currency.

Speaker 1 (08:40):
So there you have it right now. Elon being such
a large figure in society, pop culture, and much more.
When he's talking about certain things, you know, the media
runs with it. You know, his followers and different people
are going to pick up on it, and we saw this.
It's kind of deja vu. We saw this in the
twenty one bull market where you know, look, honestly, he

(09:02):
contributed in helping to pump the market. So is he
about to start this campaign again to talk about crypto
and much more. You know, it's possible. Obviously, I'm not
banking on this, as you know, this is the thing
that drives the bull market. Of course not, but it
adds to it. It's like adding fuel to the fire.
I think the bigger items, of course, are liquidity opening

(09:25):
back up because the Fed is ending QT. You got
central banks around the globe are starting quantitative easing, and
I believe the Fed here in the United States will
have to return to quantitative easing sooner than later. Japan,
for example, I read a reported to you guys this
past week that they approved stimulus. So I think we're
going to see more central banks do that as a

(09:47):
lot of countries are struggling, same with the United States,
and we're if we're not already in a recession or
at the costpo a recession. And you know, you got
the market structure bill, you got Rake continuing, you got
Trump teasing the tariff stimulus checks, right, so we shall see.
I don't know if that's gonna absolutely happen, but I

(10:08):
know the central banks have to return the money printing,
and that's very good for risk assets. So let's see
what Elon decides to do here and if he makes
any other moves, and how it impacts the market. But
right now, folks, we're gonna have to exercise a lot
of patients. We're gonna have to not invest with our emotions, right,
not look at the chart emotionally, and just look at
the macro and the data points and much more. Like

(10:30):
I said, even though the price is dumping, right, if
you look at the RSI and the mac D, you
still have confirmation that we're escaping, going away from the
over soul zone. Now that doesn't mean bitcoin can dump down,
do a flash crash down to seventy seven K before
it moves up, right, Those things are on the table.
So sometimes people want to know the exact thing that's

(10:53):
gonna happen, But no one has a crystal ball or
a time machine for that matter. But we look at
the different scenarios and we, you know, look at what
has the higher probability of playing out in my opinion,
right now, this just looks like a retest, and I
don't expect us to go lower, but we could and
we'll have to wait and see. But we've got to

(11:15):
exercise a lot of patients. I know this is tough, guys.
I know. Look, I have a portfolio. I want to
see one hundred and thirty thousand dollars plus bitcoin because
I want to take profits at those prices and higher.
Of course, I want to see XRP solana ethereum searge
to new all time highs and much more. I'm with you.
I got skin in the game, folks, So I'm here
investing with you. I'm not just doing content. I am investing.

(11:39):
I am looking to I've said many times my financial
plans very openly, right and I'm waiting to do that now.
I'm also mentally prepared and not being emotional. Then hey, look,
if I'm going to look at this from the macro,
I have to be prepared for things to deviate and
to take longer. So you got to have that in

(12:00):
the back of your mind. But you know, the fundamental
thesis here, guys, is that as long as central banks
are printing money, asset prices will go up despite the
short term deviations and volatility. Right. It's it's like the
people who bought bitcoin for one hundred bucks or whatever,
and many of the big whales that we're selling not

(12:22):
too long ago, many of them were holding for like
ten years and longer. I'm not saying you're going to
have to wait that long, but the point is having
that macro view and understanding how young this asset class
is and it has the higher upside. It has outperformed
other asset classes over the past ten years and so forth.
That's why a lot of big time traders are, you know,

(12:43):
getting in the market and looking to trade this asset class.
So just make sure you have that foundational knowledge so
that you can navigate the waters. Now, look, if you
are in desperate need of money, you need to liquidate
at prices which you know you're making some money, but
it's not your ideal price point, then you gotta do

(13:04):
what you gotta do. Right. We all got to live.
This is life, so you know, do what's best for you. Right.
I'm not telling you not to sell. I'm not telling
you to sell. Just do what's best for you. As
I often say, I can't tell you what to do
with your money. But I can just point you to
the data and the facts and the charts and say, hey,
this is where we're at, and we're gonna have to
exercise a lot of patients here because it's pretty rough. Man.

(13:28):
I have to admit it is rough, and it's a
big deviation from you know, how we're seeing things historically.
But I'm not losing hope and I'm not sad. I'm
not depressed. I'm just kind of more annoyed, if you
know what I mean. Right, It's like, come on, man,
let's get this show on the road. Right. But this
year has been very volatile with the tariff situation. At

(13:51):
the beginning of the year, I've been saying that thing
shift the timeline, and you had more tariff situation, you know,
news pop up like in October with that big the
leverage flush out. Then you had the US government shutdown
all these things, and look at the other markets were affected, right,
the stock market went down, and so it's not just crypto,
but crypto's taking the brunt of it, the big beating here.

(14:14):
So lots of patients, guys, lots of patients, and we're
going to continue to monitor the data and see how
things play out. Folks. That's the news. Let me know
what you think. Leave your thoughts and comments below hit
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(14:36):
Also 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 you
need to know about crypto. And right now we got
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Thank you for tuning in. I appreciate you all, and
I'll talk to you all later

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