BITCOIN SURGES PAST $121K SETTING A BIG WEEK FOR ALTCOINS & CRYPTO MARKET!

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 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, Apple,
please leave a five star rating and review. Folks. Bitcoin

(00:24):
currently over one hundred and twenty thousand dollars again, very
close to one hundred and twenty one thousand. It's currently
trading at one hundred and twenty nine hundred and twenty
six dollars. It's really fluctuating a lot right now. But
we're seeing a lot of strength in the market. As
I've been saying in my newsletter and the recent podcast,
we're seeing some bullish momentum building here and the market

(00:47):
moving up once again, and I anticipate a major rally
this month. Now, there's gonna be volatility. We're gonna stair
step our way to new highs and I believe bitcoin
will hit new all time highs this month. And you
got to expect volatility, right, You got to expect that
things are going to There's gonna be retest and much
more but the macro thesis of the bull market is

(01:09):
still intact. So Bitcoin on the daily chart has flipped
green on the mac D, so bulls are in full
control here, and the RSI still has room to run
to the upside before it hits the overbought zone. So
very good sign and this could be a very big week.
We could see Bitcoin run up past one hundred and
twenty three k, the all time high it's set just

(01:31):
in July, so I think we're very we're very close.
Obviously we're about to hit one hundred and twenty one thousand,
so we could also see the other all coins keep moving.
You know, Etherorem has been on a tear. It's currently
trading over forty three hundred dollars, and as we said
in yesterday's podcast, that is very good for the overall
all coin market. If you look at Total three, it

(01:52):
is also on the rise, showing a lot of strength.
It's mac D on the daily has flipped green, showing
the bulls are in control. So folks, this could be
a very big week, as the video title and thumbnail says, right,
because we're seeing the start of some strong moves here,
and we got the momentum and if you look at
bitcoin dominance, it continues to break down and it won't

(02:15):
go down in a straight line, same way the prices
of assets don't go up in a straight line, but
it's in a downward trajectory right now. And here analyst
crypto Wizard shared to chart saying the collapse has begun. Now.
That's what I call a beautiful break out. In similar
fashion to twenty twenty one, Bitcoin dominance has broken its

(02:35):
bare flag as called the collapse has begun. Higher to
go for Eth and all coins. So when bitcoin dominance
is breaking down, it doesn't mean that biitcoin is also
not running. It just means alts are also finding strength.
They're actually outperforming Bitcoin even if bitcoin's moving right. So
this is where we've often talked about the rotation of liquidity.
The liquidity comes through Bitcoin, then it starts moving to

(02:58):
Eth and all of the caps and lower caps and
much more so. Again, very positive sign. In addition, we're
seeing strength on the stock market side with the S
and P five hundred dow Jones, and global liquidity is
the leading indicator for all these risk assets now. Crypto
Wizard also highlighted the following whereas bitcoin dominance is collapsing.

(03:20):
The eight versus Bitcoin chart is on the rise, so
eth is finding a lot of strength, and so is
XRP and some other all coins. So things, all the
correlations are there we've seen historically. So this is very
very bullish, folks. I like what I'm seeing here. We're
getting confirmation. As I was talking about since last week,
we need to see confirmation with these reversals, and the

(03:43):
confirmations are coming in here, especially things like the mac
D flipping bullish. And then when you look at bitcoin,
let's say, from the weekly standpoint, let me move my
video out it away here it is also showing some
great confirmation where the MACD is ill in the green.
There was some down trends of the green candles in

(04:04):
the recent pullback, but now they've gained strength again. So
this is a very good sign. The bullets are defending
the territory. And because we are in a bull market,
things can really flip very bullish quickly. You know, it
doesn't take much because we're above key support levels and
much more. And as I'm recording this Bitcoin cross one
hundred and twenty one thousand, it's actually pumping like crazy.

(04:26):
It's at one hundred and twenty two hundred and eighty dollars.
So moving very strong here, folks. So again I think
this could be a very big week now. Etherorem ETFs
had an amazing week folks. Here nature Racy, who I
just had on the podcast. He said, spot ether ETFs
with four hundred and sixty million dollars of inflows on Friday,

(04:48):
the fourth biggest day ever. Eight of the top ten
inflow days, including all top five, have happened in the
past month. So the market is turning very bullish on
eth and I think the SEC giving clarity on liquid steaking.
I believe they're going to approve steaking and eat ETFs
very soon. I also believe that the SEC is going
to prove XRPS bodytfs bodytfs. It could happen this month

(05:13):
or maybe September because the deadline's in October, but let's
wait and see what. I do believe us steaking is coming,
especially with the liquid staking clarity that was given by
the SEC this past week, So inflows are surging for
bitcoin and especially etheroreum Nates also shared the following saying
thirteen hundred plus ETFs have launched since the beginning of

(05:35):
last year, Ten of the top twenty are crypto related,
including top four overall. Just think about that, folks, for
cryptos leading in these ETF categories. And there's been established
ets for many years, and like he said, thirteen hundred
plus have been launched and crypto is dominating. Do you

(05:55):
see what's happening. There's so much demand for this asset
class in technology. And in yesterday's podcast, I highlighted their
Harvard they bought millions of dollars in black rocks bigcoin ETF.
So you have pensions and dowmands and big institutions that
are buying. Nate says, ten of the top twenty are
crypto related, including the top four overall. Five spot bitcoin ETFs,

(06:18):
two spot eth ETFs, two micro strategy ETFs, and one
leverage eth ETF. So again, crypto ETFs are dominating. So
whales continue to buy. I've often shared the on chain
data from Santaman which shows wallets with ten or more bitcoin,
which is our whales. They continue to accumulate. They're not

(06:38):
exiting the market, and that's a signal we're going to
be watching as we get closer to Q four, where
I think the top might be coming in then, but
you know, we'll have to watch and see what global
liquidity does. But there's a huge narrative for the market
around then because you have Congress. You know they're going
to be passing crypto legislation, the Market Structure Clarity Act.
So this is where again we're gonna want she seems closely.

(07:00):
I'm going to update you, so make sure you are
subscribed a notification bell enabled, you're subscribed to my newsletter
as well, because I'll be giving you guys the updates
and I'll be doing more live streams than much more so, guys,
exciting times. Bitcoin going nuts right now, and like I said,
I think it's going to be a very exciting week.
I think bitcoin could set a new high this week.

(07:21):
Let's see. You know, look, I don't want to count
my chickens before they hatch here, but I think we're
seeing the start of the next major rally. Now, there's
not too much on the news front as far as
crypto announcements and things like that, but here's what I
want to share with you guys. It just shows the
potential of this technology. And here's the headline. World Mobile
launches drone based decentralized telecom project. So this is a

(07:45):
decentralized telecom project. It uses unmanned aerial drones in a
stratosphere to provide wireless services to users. This is very
much like Helium I remember interviewing the founder of Helium Mobile,
and you're gonna have competitions to competitions. Great. I never
heard of this project before this article. They do have
a token, of course, and you know, you go to

(08:06):
their website and it says reclaim power over your connectivity.
So they're using blockchain technology of course. So let me
give some details. World Mobile is launching a blockchain enable
five G network using drones to beam connectivity directly to
users worldwide. The company partner with Indonesian telecom firm Protelindo

(08:28):
to create World Mobile Stratos, sypheric and initiative designed to
bridge gaps left by traditional communication infrastructure worldwide. The project
uses hydrogen power drones flying at sixty thousand feet in
the stratosphere to provide wireless coverage of up to fifteen
thousand square kilometers per aircraft using four hundred and fifty

(08:50):
guidable beams. Charles Barnett, the chief business officer of World Mobile,
group tot coin Telegraph. The aerial network outperforms satellite based
telecommunications with six ms of total latency, allowing it to
provide service up to eighteen times cheaper per gigabyte than
space based infrastructure. Barnett said, So, folks, do you see

(09:14):
the application of blockchain networks and for the first time,
you can own the token. So if you see that
this company is making progress in providing a service, making
it cheaper, faster, more efficient, and you can participate by
buying the token. That's what we're doing here, right, We're
taking these bets. And for the first time in history,

(09:35):
you don't have to be an accredited investor, you don't
have to be part of some hedge fund or VC
group to get private equity. You can simply hold a
token of the respective blockchain. And obviously investing in comes
to risk. Doesn't mean this project will be successful, doesn't
mean it's going to be a winner, but it could be.
And that's where you want to do your research. Who's

(09:56):
who they're working with, who they're partnering with, and take
your bets. But amazing the technology and the application right
because a lot of people don't see this, They don't
understand how the blockchain technology is being used in different industries.
And this is why I try to share this news
with you because price is important, but price is going
to follow adoption and utility and all these things. Don't

(10:16):
get me wrong. There's a speculation layer of the market, right.
We talk about liquidity, and that's cycling through the market,
but there's also the component of the partnerships and the
adoptions and much more so. World Mobile has already established
a ground based decentralized physical infrastructure also known as deepen
that makes this traditional telecom infrastructure and independent distributed providers

(10:39):
to extend service to underserved communities by patching dead zones. Folks,
the future is going to be very interesting. I've often
said we are living in the fourth Industrial Revolution where
you have these amazing technologies like crypto and blockchain, AI, robotics, EV,
space exploration. All of these things are converging. And the

(11:01):
interesting thing is they all need each other, right, AI
and blockchain have a symbiotic relationship where they can enhance
the benefits of each and help police each other, you
know what I mean. So incredible stuff, and folks, I
don't hold the token. I'm just being transferred to you guys.
The token is wmt x. But it's just fascinating what's

(11:21):
being built around the globe with this technology. And you know,
those of us who, for example, live in the United States,
we may not think that this is something we would need,
but there's billions of people around the world who don't
have the infrastructure of the United States, who don't have
the big carriers in their country. Something like this could
really help them. And that's part of the benefit of

(11:44):
this technology. It can help improve the lives of people.
We've often talked about banking, the unbank and bringing financial
services to people who have not been able to have
access to these things, and even markets with tokenized stocks
and other assets opening up a global market, so so
many benefits, and this is why we are here taking

(12:04):
our bets. And I've often said I'm not only looking
to take profits in this bullmarket cycle, but future bull markets.
I'll be backing the truck up when the bear market
comes around. Is blood on the streets. People are calling
crypto scam again, right. It's all cyclical and global liquidity
is rising again in twenty twenty eight, and the markets
are following it and looking to take profits in the

(12:27):
next bullmarket. So folks, that is the news. Let me
know what you think about all this and if you
agree with me that it could be a big week.
Bigcoin's already giving indication of that as I'm recording this,
you know, breaking one hundred and twenty and then one
hundred and twenty one thousand looks like it wants to
go to one hundred and twenty two thousand. Guys, it's
at one hundred and twenty one thousand, five hundred and
sixty four dollars, so it definitely wants to break one

(12:48):
hundred and twenty two thousand tonight, folks. Check out our sponsor, Propy.
They're leading the charge with tokenizing real estate. You can
buy and sell homes on Propi's platform. It's blow chain power,
and you can sell your property for cryptos. If you
want to accept bitcoin xrpe theorem, Propy allows you to
do that. So they've put deeds on chain, They've created

(13:10):
NFTs for properties. They use coinbase for the crypto escro
service for the buying and selling. They're a licensed Web
three company. They've been around since twenty seventeen and they've
facilitated over four billion dollars in transactions. Folks, we know
real estate's going to go on chain. You know it's
going to get disrupted. You're going to cut out a
lot of miniman. Propy is leading the charge, and folks,

(13:31):
I'm a Propy tokenholder. I have been since twenty eighteen
because I saw them being ahead of the curve and
kind of having the first move advantage and disrupting the
real estate asset class, which is the largest acid class
in the world. Of course, So folks, check out Propy.
Go to propy dot com. The link will be in
the description. And folks, don't forget to sign up for
our free email newsletter. It's one hundred percent free. I

(13:53):
just put out a newsletter yesterday, so check it out.
You'll see all my thoughts and the recap of the
big news items and much more. Check out my book
on Amazon. It's available in paperback in digital. And check
out my course at Mycrypto course dot com. All the
links will be in a description. Folks, thank you so
much for watching and listening. I appreciate you all, and

(14:14):
I'll talk to you all later.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

My Favorite Murder with Karen Kilgariff and Georgia Hardstark

The Joe Rogan Experience

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}BITCOIN SURGES PAST $121K SETTING A BIG WEEK FOR ALTCOINS & CRYPTO MARKET!

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

My Favorite Murder with Karen Kilgariff and Georgia Hardstark

The Joe Rogan Experience

All Episodes

BITCOIN SURGES PAST $121K SETTING A BIG WEEK FOR ALTCOINS & CRYPTO MARKET!

Stuff You Should Know