BLACKROCK CEO IS READY TO PUMP CRYPTO AGAIN! FED JEROME POWELL SIGNALS QE ON THE HORIZON

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto Podcasts, your home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please sit 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 we heard from FED chair Jerome Powell and he

(00:25):
made some very bullish statements. In fact, they were very dubvish.
Now we know over the past couple of years, we've
been tracking that the FED was going to go from
quantitative tightening to pausing rate hikes to then start cutting rates.
And we've been in the rate cutting cycle obviously for
over a year, and now the FED has started cutting
rates again and there's an estimated two more cuts for

(00:48):
this year. Well, Jerome Powell today hinted that they will
start ramping down quantitative tightening. So that's very bullish. It
means at some point they are going to return to
quantitative easing. The exact lang which you use is may
be approaching end of the balance sheet contraction in the
coming months. You don't say, especially with you know, I

(01:08):
spoke to you guys about the hiring numbers, the job numbers,
and they were at the lowest since two thousand and nine.
So the Fed's mandate is of course to keep inflation
at a reasonable rate and of course keep employment as
high as possible. So all these things are coming to
a head here where the FED is cutting rates. They're
going to probably have to go back to QI. I
don't know when that happens, that's the tricky part. But

(01:31):
the markets, which are forward looking, just need to know
that is down the line. That's all markets need to know.
Because the markets, you know, people know the FIAT system,
especially smart money. They understand this is a cyclical debt
based system and they have to keep printing to keep
this going, right, they have to keep raising the debt ceiling,
they have to lower the rates to finance the debt,

(01:51):
and of course to pay for all this stuff. I
think we've talked at nauseam about this, but just for
the new folks, I just want to recap. So this
is very bullish. One thing you know, I'm thinking about
is could we have a blow off top markets crash
and then the FED steps in with quantitative basing. That's
a possibility or it happens before. I don't know, but nevertheless,

(02:13):
you guys know my thesis. I believe we are still
in a bull market based on multiple data points and factors,
which I believe the higher probability once again is for
the bull case than the barecase, because there is a
big barecase. I'm not ignoring that, but I think there's
too much on the bull side, and I do believe
we still have the blow off top to go for
this market, and right now it doesn't look like that.

(02:36):
But the markets are chopping. Expect more chop. One thing
that's interesting, you know, the whale who's shorted maybe off
of insider information before Trump's announcement and made tons of
money has closed is short. That's a very good sign,
right that they recognize there's not any more downside here.
Let me close this short because we could see a
bounce very soon. And like I said, lots of chop here.

(02:59):
I think the market kids are still trying to come
to grips and the dust is still settling after what
happened this past weekend because it was so crazy. A
bullish indicator is inverse Kramer, of course, Jim Kramer today
was publishing or posting a lot of bearish tweets. First up,
he said the hope we can take the air out
of the quantum slash nuke slash crypto and put that

(03:22):
money into real economy stocks. If it can be done seamlessly,
then we will be fine. And then he also posted
the following, It's finally happening. The crypto slash speculative tail
is wagging the SNP dog. This is what I most
feared these last few weeks. So remember he screwed us

(03:44):
big time when he was pumping crypto at the end
of September, right he tweeted out by crypto. He went
on CNBC Fast Money in the morning, which he typically
doesn't do, saying Crypto's great. I would buy bitcoin, it's
the the basement hedge and all that. Right, we ran
up and then boom, massive crash in versus Kramer. Right now,
he's bearished. Now he's saying, you know, crypto is not good,

(04:07):
suck all the liquidity output it into other stocks and
so forth. So if he's bearish, you know what's coming.
I think the bottom is going to come very soon,
and I think we're going to rally. We just have
to be patient. I think multiple factors are lining up here.
You know, I've been sharing that with you guys over
the past couple of days, such as the tariff situation

(04:27):
wrapping up and getting resolved, or Trump delays them even further,
the government shut down, the government reopens, right, that's a
big narrative from mainstream media and the masses. In addition,
the crypto market Structure Bill gets pass and the Fed
continues ray cuts and the SEC approves all Quinny taps.
Those are some big items. And in addition, you know,

(04:48):
as I shared it in yesterday, Larry Flink, the CEO Blackrock,
is on his media tour again. And if you are
a student of all these things that are happening in
the market, I've often stated that when he's on TV
pumping crypto, talking great about it, you should invest in it.
You know what's going to come. Larry's setting up exit liquidity, right.

(05:09):
I don't make the rules. They do this on Wall
Street for stocks and much more so. It is what
it is. We can't control this, but we want to
ride the wave of the smart money wave, if you
get what I'm saying. We don't want to be part
of the dumb money crowd. So Larry Fink was on
sixty minutes right. I shared that clip of you guys
yesterday and he was talking great about crypto, but buy
some bitcoin, it's a great investment. Today he goes on

(05:30):
CNBC and he says some even more bullish stuff, such
as we're just at the beginning of the tokenization of
all assets. This includes ETFs, he said. Regarding his new
positive statements around crypto, he says, I grow and I learn.
Let me play the clip for you.

Speaker 2 (05:45):
I do believe we're just at the beginning of the
tokenization of all assets, from real estate to equity, the
bonds across the board.

Speaker 1 (05:58):
It's very loud here, very lot, but it's good. Capitals
at work like that.

Speaker 2 (06:03):
I love capital work. But they're four point one trillion
dollars of money in city.

Speaker 1 (06:07):
Globally and digital wallets.

Speaker 2 (06:09):
A lot of that money is outside the United States.
If we could token eyes a ETF, you know, digitize
that ETF, we get have investors who are just beginning
to you know, invest in markets through let's say crypto.
They're investing in it, but now we can get them
into the more traditional long term retirement products. So we

(06:31):
look at that as the next wave of opportunity for
black Rock over the next tens of years, as we
start focusing moving away from you know, traditional financial assets
by repotting them in a digital manner and then having
people stay in that digital ecosystem. They can have their
cash and we have the largest cash money market fund

(06:54):
that's token eyes called Biddle. You know our eat our
bitcoin my bit is now over one hundred billion million dollars,
not that long ago two years tho zero. Yeah, well
you weren't always a huge proponent of cryptos I know.
I yeah, I love it now, but I grow and learn.

Speaker 1 (07:14):
I heard you say it on sixty myth I did. Yeah, folks,
do you see what's happening here? Right? Put your thinking
caps on. If the top of the market was already
in and we're in a bear market according to some people,
do you think Larry Fink will be wasting his time
going on TV to talk his book think about it? No,

(07:34):
he knows there's more to come. Uh, it could be
we're headed to the final leg with the move to
the blow off top with all the factors I listed, right,
So he's there talking his bags, pumping the market, getting
people to you know getting to crypto. You guys know
how this all works. We're gonna ride that wave. We're
gonna look at the top signals. Uh you know, we're
not gonna be able to call the exact top no

(07:56):
one can do that. But we're gonna look for the
top zone. We're gonna look at the multiple data points
and factors and I'll be sharing that with you guys.
Larry also made a statement in regards to regulatory clarity
and saying the US needs to accelerate regulatory clarity and
investments in digital assets innovation aka the Clarity Act is

(08:16):
in the Senate, and the Senate must and will pass
this bill. If Larry and Blackrock want it, it will happen.
If you know how the world works, if you know
what Blackrock is, you know it's going to happen. So, folks,
as I've been saying, not only these factors, these are
like the icing on the cake with what's happening, but

(08:36):
the data points show we are still in the bull market,
so I believe we still have more upside here. Now.
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(09:18):
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The link will be in the description. Now, folks, look
at this news. US representative seeks to turn Trump's four
to one k crypto executive order into law. So could
we see this pass this quarter because this would be

(09:39):
very bullish, allowing more capital to come into the market,
obviously from the retirement accounts, right, So this could be
a big bullish catalyst as well. So a lawmaker in
the US House of Representatives has reportedly introduced a bill
that will codify make into law and executive order by
President Donald Trump allowing alternative assets such as cryptocurrencies to

(09:59):
be included in four to one K retirement accounts. Republican
Representative Troy Downing introduced a draft bill in a House
Financial Services Committee that would give Executive Order one four
to three three zero the force of law. Politico reported
on Tuesday. The order, which Trump issued on August seventh,
says every American preparing for retirement should have access to

(10:21):
funds that include alternative assets when deemed appropriate by a
plan fuciary. So this includes crypto and other things. So
this is very bullish if they are able to get
it into law. Now, something that's interesting Elon Musk, who
we know he's bullish on bitcoin, etherem and doshcoin and
he loves dochecoin, right, Tesla and SpaceX vote hold Bitcoin

(10:44):
under balance sheet. Well, Elon's been tweeting a bit about
bitcoin recently, a role replying to threads on x and
the user zero hedge on x was talking about the
debasement of currency and you know, talking about wise goal
slash silver slash Bay coin soaring, it's the debasement and
much more. Elon says that is true. This is why,

(11:06):
or that is why bitcoin is based on energy. You
can issue fake fiat currency and every government in history
has done so, but it's impossible to fake energy. So
Elon starting up his bitcoin crypto talk here. You see
how multiple factors are aligning up here. And we've seen

(11:26):
Elon come into the midst of bowl markets and start
pumping things. So I'm not saying he's gonna do the
same thing he's done in the past, but we know
he's bullish. He clearly holds the assets. His companies have
bitcoin in their balance sheets, so let's see what he
continues to do here. Now some very big chain Link news.
Many of you know I hold chain Link in my portfolio.
I am bullish on this project. Well look at this news.

(11:48):
SMP Global and chain Link launch on chain stable coin
risk assessments. So this is real world adoption here, right.
The simple Global has nothing to do with crypto. It's
existed before for crypto, but clearly they are integrating and
building crypto products and features, and this is all the
things that exist for the tradfi assets. So it's amazing

(12:10):
to see what's being set up. So SMP Global Ratings
has partnered with Chainlink to publish its stable coins stability
assessments on chain The collaboration uses chain links institutional grade
data link oracle infrastructure to deliver SMP's independent stable coin
risk evaluations directly to decentralized finance applications and institutional systems.

(12:31):
The ssas rate a stable coin's ability to maintain value
parity with fiat currencies on a scale of from one
very strong to five week While not formal credit ratings,
the assessments analyze key factors such as collateral quality, liquidity management,
and governance controls. So amazing to see the infrastructure being

(12:53):
set up here for the crypto asset class and great
to see chain link getting adoption. And once again I'm
going to hold over to token. So very about this news.
Now look at this New York City mayor establishes a
Digital Assets and Blockchain Office. So Mayor Eric Adams announced
the establishment of the Municipal Digital Assets and Blockchain Office

(13:13):
in a bid to cement his crypto agenda in the
final months of his term. In a Tuesday notice from
the Mayor's office, Adams said he had used an executive
order under his authority to create the Office of Digital
Assets and Blockchain Technology. Moys's Rendon, who has worked as
a Digital Assets and blockchain policy advisor for New York
City since April twenty twenty four, will head the newly

(13:36):
established office. So this is really great. Here's a quote.
Our city has always been the center of innovation and
we're embracing the technologies of tomorrow today, folks. Every major
city will do this. Every country, of course, And here's
an example of countries. Japan is working on new rules
to crack down on crypto insider trading. Boy, I think

(13:58):
we need to do that here in the United States
after what happened this weekend, right, I think you all
would agree with me there, because I'm telling you that
whale who put that short and had inside information, the timing,
you know, the day before Trump's announcement and so forth,
it's something fishy there. So japan securities regulator is reportedly
set to introduce regulations to ban and publish crypto insider trading,

(14:21):
bringing it more in line with how the country handles
stock trading. So this is very good news. More countries,
more places need to do that. Like I said, even
the United States. Look at this news. Brazilian stable coin
opens door to the country's double digit yields. So, folks,
crypto is a global acid class. We are seeing across

(14:42):
the globe adoption regulations, new products and innovations happening and
so exciting. And you know, this is the first truly
global acid class. I know some folks will say, Tony,
what about gold. Yeah, gold was for a while, but
it's not. It was pseudo global because you can't track
in real time, you can't verify to supply, it's not
instantly setable, it's not portable, it's not easily divisible. So crypto,

(15:06):
no other global market is like crypto, right, and that's
why you're seeing Larry Fink and all these guys are saying, oh,
we need to put everything on the blockchain because they're
trying to make it like crypto, because that's the future.
Twenty four to seven trading, three hundred and sixty five
days global markets. We've talked a lot about this, so
you guys know what's coming. So Crown, a sou Paolo

(15:26):
base fintech company, has raised eight point one million dollars
to launch a Brazilian real dominated stable coin designed to
give institutional investors access to Brazil's high yield fixed income market.
The new stable coin, called BRLV could make it easier
for global investors to tap the country's double digit interest rates,

(15:47):
which are often difficult to reach due to local regulations
and capital controls. BRLV is fully backed by Brazilian government bonds,
which offer yields far higher than those in more mature economies. So, folks,
I've been saying it NonStop. The future economies, markets and
governments will all run on blockchain rails. Book it. It's

(16:07):
what's coming. Your identity, voting, your finances, your payments, all that,
your banking will all be on the blockchain. And we're
seeing this being set up. All the major banks, payment companies,
all these folks are getting ready to do it. So
it's incredible. It is incredible what is happening. That's why
we're here taking our bets right. This is an opportunity

(16:30):
of a lifetime, folks, and for the first time in history,
you can partake. You don't have to be an accredited investor,
you don't have to be part of a hedge fund
or part of a good old boys club. Right, you
can buy ten bucks of the token. And that's why
we had, you know, the past four years the attack
on crypto, because the banks lobbied Elizabeth warning Gary Genser
to attack and kill these crypto startups, try to stifle

(16:53):
crypto because it's taking money out of their pocket. You
don't have to go to Goldman Sachs anymore. You don't
have to leave your money in a checking account and
get B or savings account and get a BS interest rate.
You can put your money to work bestaking or stable
coin yield and earn a high reward.

Speaker 2 (17:10):
Right.

Speaker 1 (17:10):
So that's that liquid up money. That capital that was
going to these banks now going to this new acid class,
and of course they couldn't touch it because the legislation
wasn't there. We see now they're starting to develop and
do things, so we front random and of course they
called up their their pals and buddies in DC and

(17:31):
Elizabeth Warren and Gary Gainster, and that's why you saw
all the unlawful activities by Gainstter, the lying and breaking
the law and much more, and sending out wells notices
and lawsuits left and right, and much more to people
who were who were doing great things and who are
good actors, But he left the bad actors to do
their things and collapse, right because that's that was all
part of the plan. So, folks, let me know what

(17:53):
you think about this news. Leave your thoughts and comments below.
If you appreciated this content, please be sure to support
the podcast by subscribing to my free email newsletter. It's
on substack. Link would be in the description. I put
out a write up every week, just once per week,
so I don't spam your inbox, but it's packed with
a lot of value. Also check out my book on Amazon,
it's available in paperback in digital, and my course at

(18:14):
Mycrypto course dot com. This is a comprehensive course that
teaches you everything about cryptos, so check it out. Folks,
thank you so much for watching and listening. I appreciate
you all and I'll talk to you all later

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