🚨CRYPTO IS READY TO EXPLODE WITH US GOV REOPENING, TRUMP $2K TARIFF DIVIDEND, & FED QE!

Episode Transcript
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Speaker 1 (00:05):
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 let that subscribe button as
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or Apple, please leave a five star rating and review. Folks.
I am back home from vacation. I'm back in my

(00:26):
home studio, so the audio quality should be better. But
we got some big news to cover, guys. Big day,
big announcement from the Trump administration. The US government is
about to reopen in much more. And we see bitcoin
right now trading just below one hundred and six thousand
dollars on the daily chart. We're seeing a bounce and
it looks just like we've seen throughout this bull market,

(00:47):
where bitcoin went below the two hundred day moving average
that's the bullmarket line in the sand, and then starts
to recover. Because we know nothing good happens below that
two hundred day moving average. If you are below that
in a downtrend, you are in a bear market, right
I've said that at nauseum, and on that same daily chart,
the RSI is moving away from the over soul zone.
So you have extreme fear, you have bitcoin over sold,

(01:10):
and you have these huge narratives in the market. Now
we have work to do. I'm not calling home saying
this is the start of the reversal pump, because on
the weekly chart the bears are stelling control, but on
the higher timeframe of the monthly chart, the bulls are
stealing control. So we got work to do here. Bitcoin
has a lot of support levels to reclaim so that
we can say, hey, this is indeed the reversal and

(01:32):
the continuation, So please understand what I'm saying. We are
seeing some positive signs, but we got work to do now.
One important thing is that bitcoin has corrected just about
twenty two percent, so not even as bad as we've
seen throughout this bull market, where we've seen minus thirty
two percent, thirty three percent and so forth. So this
is nothing even though people have been so fearful. Right

(01:55):
people been calling the top of the market, and much
more so. Here analyst Michael Posinos says, this is the
same as four out of the last six corrections. But
the important thing is guys, Bitcoin closed the weekly very strong,
So here Benjamin Cohen says Bitcoin managed to close above
the fifty week SMA, so that's a key support level.
Now it has to get back above that two hundred

(02:17):
day moving average, like I said, but we are seeing
positive signs here. Analyst Kevin Spence and said Bitcoin has
closed it's weekly above all key levels. The macro bowl
trend remains intact. So again, guys, this is just the data,
not feelings, not emotions, not hopium, just the data showing
that it did close above the key support levels. And

(02:39):
like I said, we don't want to call home and
say this is the reversal pump. Yet, we want to
see the markets show us and give us confirmation. So
Bitcoin needs to put the work in here. But we
got the macro factors and the narratives. For example, the
Senate reaches the deal to end the government shutdown, so
it looks like the government's going to be fully open tomorrow. Now.
I've been sharing these respective milestones and landmark events and

(03:03):
narratives for a long time, right, I've been sharing it
in my newsletter on the podcast. So I said, some
of the key factors that show this bullmark is not
over include the FED ramping down QT and starting QE
and continuing ray cuts, the government reopening, plus you got
the Market Structure Bill still in the Senate, and you
got the all quintfs to be approved by the SEC.

(03:26):
So with the government reopening, we're going to see the
latter two get done, guys. And of course we get
confirmation from Jerome Powell, Chairman of the Federal Reserve, that
they're ending QT come December first. Plus the New York
Fed Governor just said on Saturday or Friday that they're
going to return to QE very soon. I reported on that, right, folks.

(03:47):
So all of these things are lighting up here very beautifully.
And then you throw in President Trump says Americans will
get at least two thousand dollars dividend payment, excluding high
income earners. He wants to use the tariff revenue to
give Americans the dividend. Now, I know this is a
whole can of worms. There's a whole political debate. I

(04:08):
understand the tariff implications and how that was already like
taxing people and much. I'm not here to talk about that.
I'll save that for the political podcast to handle. But
the fact of the matter is, if they are going
to indeed do this This is going to drive retail
to come in and you know we're going to see
something like what we saw in twenty twenty, where you

(04:29):
get these stimmy checks and people are you know, investing
in the markets. Now, will everybody invests in the markets.
Of course not. They're actual people who need it. They
need to you know, pay their bills and much more
so we want to be cognizant of that, but a
good amount you know, they're going to go and put
it into the market. We've seen this time and time again,
and this I think could spur the retail fomo because

(04:51):
one of the things I've been saying NonStop is when
have we seen the market top without true euphoria? Agreed,
we didn't see euphoria. All we saw was fear. So
I said, that is not right. History is not on
the side of people calling the market top. So again, right,
We've been looking at this market holistically. You got a
lot of chart guys who don't understand macro and market fundamentals.

(05:13):
I've been giving you that plus the charts. Right, you
have to look at all of these things together, not
just one. You can't have tunnel vision, so be careful
with some of these chart guys, who are not telling
you about global liquidity, who are not telling you about
what the FED is doing with quantitative easing, because you
can't just look at those things, and you can't just
look at the charts. You have to look at them
together to get a full view of the market, right guys.

(05:34):
So I hope you appreciate that. So you know, we'll
see Trump posted on truth Social about this now. Scott Pissent,
Secretary of the Taragy he kind of backtracks some of it.
But look, I think Trump sees there's a bit of
a need for this politically because of what happened recently
with the elections. Plus you know the Supreme Court is

(05:57):
going to be reviewing the Terriiff city situation. So I
don't know, maybe they push it back and this is
the way to make up for it. I don't know, right,
I'm just guessing, but I think those are plausible scenarios.
So let's see. But this would add fuel to the fire.
This is the cherry on top of the Sunday as
you have retail FOMO in with their tariff stimmy checks

(06:18):
if you want to call it that. Now, I like
what nature Raci had to say and I kind of
alluded to it earlier. Government shut down equals SPOT crypto
ETF floodgates opening, So the SEC will be able to
get going on these and he says in the meantime,
we could see the first thirty three Act spot XRP
ETF launched this week. So, like I said, the government
opening allows the SEC to do their job and the

(06:39):
Senate to get that crypto bill through. So these are
major milestones with a crypto market. And like I said
in the most recent podcast, I don't think the market
makers and the whalers are dumb like that to skip
these things which could drive massive retail FOMO and kick
us into a massive rally to the blow off top, honestly, right,

(07:01):
So that's just what I'm thinking. Look, it's not guaranteed,
but I think if we think logically here, realistically, we
look at all the things and all the factors that
are happening, I think those are plausible scenarios. Now, Arkham,
which is a crypto analytics firm, they highlighted that Trump
Media and Technology Group holds over one billion dollars a bitcoin.

(07:22):
That's pretty crazy. Over one point three billion of bitcoin
as of September thirty, twenty twenty five. Incredible. So look,
I know there's a whole political conversation here, but I'm
just looking at it from an investment standpoint. Again, I'll
save the political commentary for political podcasts, right guys. And look,

(07:43):
you're free to share your comments in a comment section.
I understand, but just note that I'm not going into
these political talking points because that's not what we do here.
But this right here is confirmation that I think Trump
and his family they're betting big because they know what's coming. Again,
you got to read between the lines here, right, So
I don't think they would be holding this asset if

(08:04):
it's about to dump and go down to the bear
market bottom that some people are saying. I think they
will sell as we're nearing the top. So we're gonna
watch all of these things closely, now, folks. This episode
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at this, folks, big news coming out the CFTC, so
US regulator that may rule over digital assets, pushing towards

(09:08):
cryptospot trading. So this is coming out from Commissioner Caroline
fam Will. She's the acting Commissioner, so it says here
Caroline fam the acting head of the CFTC, the agency
likely to take over much of the US oversight of
crypto trading, has been meeting personally with regulated exchanges to
get retail spot crypto products, rolling sources say. The stand

(09:30):
in leader of the commodities regulator is also said to
be seeking to establish a dedicated trial unit in its
enforcement division, which has been recently depleted amid the widespread
cuts in the federal government or federal employment. Another policy
priority will be the allowance of stable coins as tokenized
collateral earlier next year, though it's uncertain whether FAM will

(09:52):
have moved on by then with what sources indicate is
her plan to work at Moonpay the CFTCE. You know,
it's a bit thin when it comes. There's a bit
of a skeleton crew running it right now. But shout
out to Acting Chair Commissioner FAM because she's been doing
an amazing job despite the lack of manpower the CFTC,

(10:15):
if you want to put it that way, and we
see her, you know, really spearheading a lot of crypto initiatives,
and the SEC in parallel has been doing the same thing.
And I think they're all trying to get this market
to a certain place where more capital can come in,
and of course that's very good for us who are
early adopters. Now, look at this news Ledger, the hardware

(10:36):
company is considering a New York IPO or fundraise as
demand for hardware wallet climbs. So, folks, one of the
factors I've been stating, why does the bull markets got over.
You have many crypto companies as well as traditional tech
companies looking to do IPOs. No one does an ip
in a bear market, please show me right, Only a

(10:57):
fool would do that. So these people are anticipating that
the bull market continues and they are working with the
big bangs and the big Wall Street firms who are
doing lots of analysis on this. So they're not idiots.
So again read between Alliance right, why would they be
planning IPOs? WHI is crack in securitize in others looking
to do to open AI right, looking to do an IPO.

(11:19):
Come on, guys, right, this is where the chart. Guys,
they get blinded by just charts. But you got to
look at what's happening in the market. So this is
another sign. And Ledger is a big hardware company and
another crypto company looking to go public. Folks. Now, final
news item, Pakistan mulls rupee backed stable coin as country

(11:40):
sees twenty five billion dollar crypto opportunity. So we continue
to get news from across the globe of countries embracing crypto,
setting up the guardrails with their legislation, investing launching stable coins,
trying to attract as much of the business as possible,
So Pakistan is considering launching a rupee backed stable coin,
as experts warned that delays in regulating digital assets could

(12:03):
cost the country up to twenty five billion dollars in
lost economic opportunities. Folks, what have I said over the years?
Any country that bans cryptos writing their economic death sentence
because the markets, the economies and the governments will all
be running on blockchain rails. So here you go. Now
the narrative is coming out. What we need to do

(12:24):
is we're going to lose money. Right, of course, you're
gonna lose out on jobs, revenue, tax revenue and all that.
So speaking at these Sustainable Development Policy Institute conference on Friday,
Pakistan Banks Association presidents Afar Masoud said the nation could
unlock twenty to twenty five billion dollar in crypto related growth,
according to a report by local news outlet Daily Times.

(12:47):
Masoud pointed out that booming global stable coin market, adding
that Pakistan is seriously considering a rupee backed stable coin
and that a central bank digital currency CBDC could improve
financial access while reducing remittance costs. Folks, I hope you
see the direction the puck is heading in here, and
we want to skate to that direction, right, So you

(13:09):
make sure you're looking at this market from a macro perspective.
There's money to be made here, but you got to
be patient. It's a rollercoaster ride because markets are volatile,
and crypto because it's still very young, it's extremely volatile.
But that's where the opportunity lies because nothing moves like this.
Nothing gives you the swing up, and look you got
the swing down, which is pretty bad. But this is

(13:31):
where we are going to follow it closely, look at
the different signals and identify the top zone so we
can start taking our profits. And when the bear market
rolls around and it's bloody out there and people are
calling crypto scam again, I'll be backing up the truck
and hopefully you'll be here with me doing the same thing,
and we're going to rinse and repeat for the next
bull cycle. So again, this bull market's not over. Based

(13:54):
on the data, the facts, and all the things I've
shared so far, and much more I've often covered in
d Tail in my newsletter, there's much more to this,
and we want to make sure we're checking our emotions
at the door. We're not operating by emotions because you
will get wrecked if you're approaching the market that way.
You get to look at the data and you got
to exercise a lot of patients, right, folks. So again,

(14:14):
it's not over, and I think we'd still out you know,
a final fifth wave macro fifth wave if you call
it that, you know from an Elliott wave standpoint, before
this market tops out. And look, not just the crypto market,
but the stock market as well, because all of these
assets are following global liquidity. What have we seen over
the past two three years. Crypto hitting new highs, stock

(14:38):
market hitting new highs, real estate and precious metals. Right,
gold was going nuts. You guys saw the parabolic blow
off top. If you look, it might be a local top,
but that's sure, it looked like a parabolic blow off top.
So let's see. Let's see what happens with gold. And
you know, we don't have a crystal ball, but we're
going to look at the data and continue to study

(14:58):
this closely. Folks. That's the news. Let me know what
you think. Leave your thoughts and comments below, hit the
thumbs up button, hit the subscribe button. If you haven't
subscribed as yet, and folks, a great way you can
support the podcast is by subscribing to my free email newsletter.
I will be putting out a write up tomorrow. Link
will be in the description. Check out my book on
Amazon and my course at Mycrypto course dot com. This

(15:21):
is a comprehensive course that teaches you everything you need
to know about crypto. So, folks, thank you so much
for tuning in. I appreciate you all and I'll talk
to you all later.

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