BITCOIN PULLSBACK! BNB FLIPS XRP & BANKS ADOPT CRYPTO!

Episode Transcript
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Speaker 1 (00:05):
Hey, folks, Welcome into the Thinking Crypto Podcasts, your home
for cryptocurrency news and interviews. I'm your host, Tony Edward
on your weight in. Please hit that subscribe button as
well as the thumbs up 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, Today,
as we've been talking about, we are seeing bitcoin pulling back,

(00:27):
a healthy pullback. You know, the other day I was
talking about Bitcoin's are assigned the daily chart being in
the overbought zone. So naturally what you can expect based
on the data is that we will see a healthy
pullback as we've been talking about. The next major target
is one hundred and thirty one hundred and thirty two
k around there. It may overshoot and go to one
hundred and thirty five. We'll just have to wait and see.

(00:49):
But nevertheless, the market cycles are playing out both from
the micro and macro. But we are still in the bullmarket.
Everything is still in teac and we are still seeing
the macro bullmarket for all assets play out, with gold
hitting new all time highs. Gold is over four thousand
dollars right now, which is incredible. But obviously you know,
we're not really focused on gold here, but I'm painting

(01:09):
the larger picture for you to see that all these
assets are following rising global liquidity. And on the weekly
chart with this pullback, we're seeing that the candle that
was forming green on the mac D yesterday has now
flipped back to light red. But it still shows the
bears are losing the momentum, So bulls are going to
take control here. From a weekly standpoint, and of course

(01:29):
the higher timeframe the monthly chart, you have to look
at this right to see the full picture, and then
zoom out on this. We see that the RSI is
nowhere close to the overheated zone we've seen in the past,
and the mac D shows the bulls are in full control.
There has been no change there, so we still got
room for upside. You know, I want to address one troll.

(01:50):
His name is Able Gaming twenty four. He posted on
a video I published and he says he's always calling
for a pullbacks and gets it wrong. Well, Able, I'm
using the day here. It is right. We're seeing the pullback.
As mentioned. It's not that I want to boast, but
I want to highlight. You look at the data, not
our feelings and emotions. Now, if we look at total

(02:10):
three where we have the exclusion of bitcoin, e theorem
and stable coins, that still shows room for upside as
well from the artists, I as well as the bulls
are in control in the MACD. So we're waiting, of
course for some liquidity to rotate from Bitcoin down to
these alts, so we have to be patient here. However,
what we are seeing, folks, is that bn B is

(02:31):
one of the leading all coins now it has gotten
the mantle as the leading all coin. We've seen this
for Solana, XRP throughout this bull market. Now it's Bnb's turn.
So this is very interesting. BnB rallies to eighty percent
to become the third largest cryptocurrency, surpassing XRP. Now you're
going to see a lot of trolls come out XRP

(02:53):
is dead haha. But these are people who are prisoners
of the moment. They operate by emotions. As mentioned, we've
seen rotate of liquidity, so you're going to see some
ebbs and flows here for these different coins. But what
will eventually happen is that the liquidity will hit x
ORP Salon and much more, and they will all have
their day in the sun. I've often stated every dog

(03:14):
has its day in this market. So again, watch out
for the people who are prisoners of the moment and
are just going to go nuts and start spreading fud. Right,
But we don't want to be involved in low IQ
activities like that. We don't want to be emotional, we
want to be educated. So here's what crypto wizards said
about B and B higher. She goes, writing to a
new all time high. Just a few days later, BnB

(03:36):
has hit our one three and twenty dollars target would ease.
Once it breaks above it, it will see seventeen hundred dollars.
We're up plus one hundred and twenty five point seven
six percent more to come. So again we're going to
watch BnB closely because it's showing a lot of strength.
It's the all coin that has that mantle on it

(03:57):
as being you know, the leading all coin here amongst
the pack. So this is a good sign. This is
more confirmation we got room to run because we saw
this with Solana and we saw it with XRP. Now,
with regards to XRP, if you caught my interview with
Caleb Friendzen from this morning, we went over the charts
for bitcointy, THEEREM XRP, and Solana. I highly recommend you

(04:20):
check it out because he does a lot of Fibonacci
analysis and his thesis is for XRP, as long as
we maintained the two dollars and sixty eight cents floor,
we are pretty good. You know, his price targets based
off of the pullback would be about four dollars and
forty three cents. As the next target, the two point

(04:40):
six one eight would put us as six dollars. Now,
he said, if you use the correction point from Q one,
the next target for the one point six one eight
would be five dollars and forty four cents, and for
the two point six one eight would be eleven dollars
and fifty five cents. So of course you all know,
I hope this then gets the eleven bucks. That be amazing.

(05:01):
I think it can. You know, there's a high probability,
but there's no guarantee. I know people want certainty, right,
but this is not playing the lottery. This is not
going to the casino. And you know, you throw it
on red or black and then you get your outcome.
This is investing where you have ebbs and flows. You
have a multiple factors, global liquidity, you know, macro catalysts

(05:23):
and much more. So you've got to be patient. Patience
is so important here, folks. I can't stress that enough.
I've been here for multiple bull and bear market cycles.
I've seen it all, and we've seen incredible moves so far,
but it takes time for these things to build up
for the next move up. So just be patient, folks.
The bull market's not over. So once again, check out
that interview with Kale from this morning. It's a great one.

(05:45):
You're going to get a lot of value out of
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the links will be in the description now, folks. Bull
market activities continue. We have ORANJBTC. I from saying that
right said, we're officially public. URANJBTC is now listed on

(07:11):
B three Brazilian Stock Exchange. Built in Brazil, made for
the world, accelerating bitcoin adoption across Latin America. So they're
the largest bitcoin treasury company in a Latin America. And folks,
a couple of takeaways here. One, IPOs are happening, We're
still in the bull market. No one goes a public

(07:31):
in a bear market, right, I've said that many times. Second,
this thing is happening around the globe. Crypto's a global
asset class. So we've been seeing a lot of companies
in the United States go public, but look at this.
This is happening in Brazil. There's been some Hong Kong
as well, so clearly people are bullish they're going public.
It reminds me of the dot com boom in the nineties, right,

(07:52):
a lot of different dot com companies going public and
much more now. I know some of you are going
to say, but Tony, wasn't there a bubble? Yes, but
every acid class in market has bubbles the dot com
technology era of that time, the real estate market of course,
and crypto has gone through its mini bubble phases. But
this could be the big one. In addition to other

(08:14):
acid classes, right, I think we're in the everything bubble.
You're seeing precious metals goal rip, the stock market, ripping,
real estate's new all time highs, all of its following
global liquidity. But anyway, the major takeaway here is cyllinable market.
Companies are going public, people are bullish and crypto and
it's happening around the globe. Now. Speaking of going public
and stock exchanges, the New York Stock Exchange owner the

(08:37):
Intercontinental Exchange rises after it takes two billion dollars stake
in Polymarket. So essentially the parent company of the New
York Stock Exchange has invested in Polymarket. If you can't
beat them, join them. This is a massive capitulation. We
are seeing capitulation across the board, Vanguard, JP, Morgan City Bank,
you name it. They are all bending the knee to

(08:59):
this technology and acid class. So the deal values Polymarket
at around are approximately eight billion dollars. This is incredible.
It's just a sign of the times. We're seeing the
convergence of trad fi and crypto folks. And as I've
been telling you guys, the future of the markets, governments,
and economies will all run on blockchain rails. Now, speaking

(09:20):
of stock exchanges, s and p unveils, digital markets, fifty
index tracking cryptos and blockchain stocks. But wait a minute,
I thought this was all a scam. It's a ponzi right,
It's all fake. It's only used for money laundering. That's
the mentality and the mindset a lot of people out
there have because they haven't taken the next step to

(09:41):
research this for themselves. They just read headlines. They don't
go beyond their political bubble or the narrative bubble and say,
you know, let me go look at what's happening here,
let me look at both sides, let me educate myself.
But clearly the infrastructure is being built out here for
this market, and as mentioned, you know the convergence of
tradfi and crypto, so we're seeing a lot of services, infrastructure,

(10:03):
white glove services, and data and analytics being built out
that have existed for traditional assets. So this is all
very bullish. So SMP Global plans to launch a new
benchmark index that tracks a wide range of digital assets
and blockchain related companies, signaling growing recognition of the crypto
sector within traditional finance. The SMP Digital Markets fifty index,

(10:26):
created in partnership with tokenization company Dinari, includes fifteen cryptocurrencies
with a market capitalization of at least three hundred million
dollars and thirty five publicly traded companies in a sector
with a market cap of at least one hundred million
dollars SMP announced Tuesday. Constituents have not yet been published,
but no single component will exceed five percent of the index.

(10:49):
Some of these sectors' biggest companies include Bitcoin Treasury Company
Strategy also known as micro Strategy, Crypto Exchange, Coinbase, and
Bitcoin minor Riot Platforms. Folks, when I see stuff like this,
I just sit back and I'm like, Okay, I'm getting
ready not only for this bullmarket, like I've said many times,
but future bull markets because all of this will usher

(11:10):
in more capital. There's going to be more building, more
financial products being built around crypto. And this is before
we've gotten the Clarity Act passed, before market structure is
in place, so you imagine what's going to happen post
market structure being passed into law. Right, So I hope
you're gonna stick around with me for the ride, because,

(11:31):
like I said, I don't only want to make money now,
but for the future markets. And there's more to come
out of this market, guys. There's more to be built here,
and it's a global asset class, so a lot of
capital is going to come in. Here's another example of
trad FI merging with crypto b and Y Yes, b
and y Melon. America's OLAS bank explorers tokenize deposits to

(11:51):
power two point five trillion dollar daily payment network. Of course, there, guys,
I mean it's incredible. What's happening bny Melon. They launched
crypto custody already. They are the world's largest custodial bank.
They have been before crypto so b and why the
largest custodian bank in the world is exploring tokenized deposits

(12:13):
to enable clients to transfer funds instantly twenty four to
seven while easing constraints of its legacy systems. Remember what
I've been telling you guys for years, We're headed to
the token economy twenty four to seven, trading three hundred
and sixty five days, no more opening a closing belt
that will be a thing of the pass, a relic
of the past, right of traditional finance. We are going

(12:35):
to be trading and having truly global markets running on
the blockchain, verifiable instant settlement, and much more so. Carl
Slabiki executive platform owner for Treasury Services at B and
Y told Bloomberg that the project is part of an
effort to upgrade real time and cross border payments, aiming
to move a portion of its two point five trillion

(12:58):
dollars daily payment flow onto blockchain rails. I'm going to
repeat myself for the million time. The future of the markets, economies,
and governments will all run on blockchain rails. Book it,
Learn what the hell is happening here. Pick your horses,
Look at the blockchain these firms are using, and buy

(13:20):
the blood on the streets, the fear, and just sit
back and be patient. Don't try to use leverage, don't
try to day trade it. Just hold it, hold it
and that could be holding it over time, years, and
much more. But you're going to get the best return.
As poll Tudor Jones said, cryptos the fastest horse in
the race amongst assets, so compared to gold, stock market,

(13:41):
real estate, cryptos outperformed all of those asset classes. So
tokenized deposits can help banks overcome legacy technology constraints, making
it easier to move deposits and payments across their own
ecosystems and eventually across the border market as standards mature,
Slabiki said. Tokenize the are digital coins backed one to

(14:02):
one by commercial bank money, unlike stable coins, which are
often backed by securities or third party reserves. Tokenize deposits
represent direct claims on commercial bank balances. Huge, huge news here, folks,
big power players getting involved, and it's amazing to see
the capitulation. All right, final news item here. Life Insured

(14:24):
Meanwhile raises eighty two million dollars for bitcoin financial products.
I had interviewed the CEO of MEANWHILE. I think it
was last year. They're doing some very interesting things. A
lot of products are services are going to be built
around bitcoin and all coins as the acid class continues
to mature, as we have regulation, and you know, with
Tradify coming in, you know they're going to get creative

(14:46):
and try to mimic products that exist for traditional assets
with crypto. So I think we're going to see a
lot of innovation and creativity guys, especially once the Market
Structure Bill passes. So Bitcoin Life Insurance Company Meanwhile has
raised eighty two million dollars in a new funding round
led by Baine Capital, Crypto and Han Ventures. The company

(15:07):
regulated by the Bermuda Monetary Authority plans to use the
funds to meet surging demand for bitcoin denominated retirement and
inflation proof savings products. According to a Tuesday announcement, MEANWHILE
offers bitcoin based life insurance, annuities, savings products and insurance
bonds for individuals and institutions, with all premiums, policy values,

(15:29):
and claims managed in bitcoin. Very very interesting. So Apollo,
still Mark and Northwestern Mutual Future Ventures also contributed to
the funding round. The new funding brings meanwhile's total capital
rays in twenty twenty five to one hundred and twenty
two million dollars, adding to its forty million dollars Series

(15:50):
A from April, led by Framework Ventures and Vulgar Ventures. Man,
they're grabbing a lot of money here, and I think
the institutional investors, the vcs and the hedge ones, they
recognize what's coming, right. I'm sure they're hearing a lot
of things through the grapevine because, like I said, it
would tratify coming in. They're going to want all the

(16:11):
bells and whistles and components that exist in the traditional
finance world for those assets, right, those respective assets. So
the early bird here who is able to get the
headstart and build. These products can do really well. And
it's a smart move here by these folks. So Zach Townsend,
who once again i've interviewed CEO meanwhile, told Telegraph that

(16:34):
having investors from both crypto and traditional finance showed both
domains see bitcoin as a foundational asset for savings protection
and intergenerational wealth transfer. Well said, folks, that's the news.
Let me know what you think. Leave your thoughts and
comments below, hit the thumbs up button. If you appreciated

(16:54):
this content, Please be sure to support the podcast by
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(17:16):
course that teaches you everything about crypto, So if you'd
like to learn more, go to Mycrypto course dot com. Folks,
thank you for tuning in. I appreciate you all, and
I'll talk to you all later.

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