🚨CRYPTO RALLIES AS TARIFFS GET PAUSED & SEC CHAIR PAUL ATKINS CONFIRMED!

Episode Transcript
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Speaker 1 (00:00):
Crypto and the stock market pumps as Donald Trump pauses
the tariffs for ninety days. I'll share the charts with
you and what I'm expecting. And new SEC chair Paul
Atkins has been officially confirmed by the Senate. I'll talk
to you about the next steps there, and the SEC
makes a major approval with the Ethereum spot ETF. I'll
give you all the details. Let's get into it. Hey, everybody,

(00:27):
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 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, I'm
sure many of you have heard the news, and that
is President Trump has paused the tariffs for the majority

(00:50):
of countries with the exception of China, for ninety days,
so giving some relief overall to the markets and the
global economy and much more. And this may be the
signal the catalysts we are waiting for to help us
continue in the bull market, because we've been waiting for
some sort of bottom, some sort of reversal, but we
weren't sure what the cattlest would have been, whether it

(01:12):
was a resolution with the Tyroff situation or the FED
came out and said, hey, we're going to cut rates
and start printing money again. So if we look at bitcoin,
we see a green candle. You look at the stock market,
the SMP five hundred, huge green candle out of the
super over soul zone with the daily RSI. You look
at the NASDAC, huge green candle. Same thing here. It's

(01:34):
the same pattern for all these major indexes, the Dow, Jones, Industrial,
even gold joined the party. Look at the green candle
and the gold chart. So overall markets looking good, feeling
bullish here, however, guys, I want to be cautiously optimistic
because we're still below the two hundred day moving average,
which is very important. When we are above that, we

(01:54):
are definitively in a bull market. When we are below it,
there's the risk of bring into a bear market. I've
shown you guys this time and time again. Now last summer,
as I was telling you guys about the Japanese yen
carry trade situation, drove us below that two hundred day
moving average, but we chopped around there and we came
out of it in Q three, and then we had

(02:15):
a massive parabolic run up in Q four, which many
of you obviously remember or don't because of what has
been going on. But nevertheless, we want to see bitcoin
get out of here. We want to see the stock
market as well, because the SMP five hundred, the NASDAG,
the Dow Jones Industrial are all still below that two
hundred day moving average. So hope you understand the significance

(02:37):
of this. It's very important that we get the hell
out of there, take the elevator up right, and get
above that two hundred day moving average. Now overall, we're
seeing some strength from all coins, you know, many of
them rally today. Nothing significant that we have to call
home about, but good to see some green following the
move of bitcoin. If you look at XRP, it rallied

(02:59):
back above the two one hundred day moving average. Very
good sign but we need more strength, we need more confirmation.
So we got to be patient and hopefully there's this
is not some sort of fake out and then we
go below again. That will really suck. But you know,
this is the market cycles playing out and we have
to go with the market. But this is where I
always tell you, guys, to exercise patients and control your emotions.

(03:21):
If you're investing with your emotions, this will shake you out,
this will break you, right, And that's what happens to
a lot of people. They get scared, they panic sell.
But that's not how you invest. You don't panic sell
and likewise you don't fomo by. Those are the wrong
things to be doing. You have to be even keel
and you have to follow the market principles, buying the
blood on the streets and the fear and then selling

(03:42):
the euphoria and the greed right as we've seen many
times over. And if you don't know what I'm talking about,
you have to go on that journey to learn these things,
and being subscribed to this podcast and our newsletter will
help you get there. So, guys, good sign, very good
for the markets, and ninety days take us out towards
the end of June, of course, So could this align

(04:04):
with the seasonality where Q two is usually very strong
in a bull market right April, May June are very
good months, green new all time highs and things like that.
It's possible, but like I said, guys, cautiously optimistic. We
need to see the proof. We need the confirmation on
the charts, and we'll see if Jerome Powell the Fed
does anything. But overall, guys, this is good. You know,

(04:26):
the market's showing some strength here. And about five point
five trillion dollars was added to the US stock market
today and shorts were liquidated. So over seventy five million
dollars in bitcoin shorts were liquidated today, and I think
that number is going to continue to grow because we've
seen it. You know, in Q four when all the
longs were piling up, they got liquidated. You know, come

(04:49):
January February now when all the shorts are piling up,
liquidation and short squeeze happening. Right, Funny how that plays out.
This is why I don't use leverage, and I this
whole spot and that has worked out for me and
I can sleep at night and I don't have to worry.
And I played a macro game versus trying to trade
every day. You know, Look, there's people who do that,

(05:10):
but it is a very risky thing. Now, one thing
that's very important, which we've been tracking, and that is
global liquidity continues to rise, and we know bitcoin and
risk assets like the stock market follow it. There is
a lag, but global liquidity is rising. Guys. It's one
of the bullmarket catalysts. That's why I've been saying bullmarket's
not over. Bullmarket is still live. We can have some

(05:34):
huge corrections and swings in a bull market, but are
the key metrics and factors there that say the bull
market's intact? Right? Our key support level is still intact.
And this is what I've been sharing with you guys.
No feelings, no emotions, just the data. And there were
a lot of people, you know, going crazy. See I
told you it's over. It's all that. But it's like

(05:54):
you're not showing any data. You're just making a statement.
You're just talking about how emotions. What data do you have.
I'm presenting data. I'm talking about M two money supply,
global liquidity. I'm talking about the DXY weakening in a
down trend. I'm talking about the markets being oversold where
the only way to go is up because they're so oversold.

(06:16):
And here Julian Bettel, who works with ral Pal and
Global macro investor, you know, he said the following tech
stocks are currently the most oversold since COVID, and only
seven other times since nineteen eighty eight have we seen
more than fifty five percent of stocks within the Nasdaq
one hundred trading with a fourteen day RSI below thirty.

(06:37):
What have I told you guys on this podcast above seventy,
the RSI above seventy overbought, below thirty over sold, and
we were in the super oversol zone. So what are
markets going to do? They're going to bounce, right, even
if it's like a dead cab bounce. They have to
keep going. So the other thing I've been sharing with
you guys, the whales are still bullish. Unchained data from

(06:59):
Sentiment which showing wallets with ten or more Bitcoin controlled
by whales and sharks. They are still accumulating. They're not dumping.
They know. I think many of them are connected. They
know what's going on, and they look at the data
and not feelings or emotions and metrics such as the
Bitcoin picycle top indicator not flashing. So I hope you

(07:23):
guys understand the data here and we have to pay
attention to the data and not our feelings and emotions. So, guys,
very good sign. I still need more confirmation, but overall
bull market intact in my opinion, and the pseudo blackswon
event that we had with tariffs seems to be put
at ease for the moment, and I think there's going

(07:45):
to be some resolution comes soon. I think China, you know,
I say, so figure it out. I wrote an article
which I published in my newsletter that I think this
whole situation with the tariffs, it's about renegotiating the trade
deals because there's no longer the need for the United
States to have all a lot of these countries to
buy the treasuries because stable coins are coming and stable

(08:08):
coin issues are going to buy. So that's my opinion.
I put out the thesis out there. I don't know
if people agree with me or they disagree, but I
think that's.

Speaker 2 (08:17):
A big part of it.

Speaker 1 (08:18):
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(09:03):
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(09:23):
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learn more about Propy and the Property token, check out
the link in the description. Now, folks, big news, the
US Senate has confirmed Paul Atkins as the first pro
Crypto sec chairman. Here Perryan boring of the digital chambers, said,

(09:44):
a new era begins, folks. Huge news. We know Paul
is pro crypto, he has criticized Gary Genser over the years,
and we know the SEC has been really doing a
great job under hester person Market Waiter with the crypto
task whors the crypto roundtables cases, and I think Paul
is going to continue that. I think he's going to

(10:04):
help spearhead the approval of all coined ETFs. We may
get clarity on NFTs and overall crypto legislation, and clarity
on utility tokens it much more so huge, huge, And
here Senator Cynthia Lumis posted a photo of her and
Paul and said, I am pleased Paul Atkins is confirmed
as chairman of the SEC. I sat down with mister

(10:26):
Atkins to discuss digital asset legislation, empowering Wyoming's blockchain feature,
and implementing reforms to the regulatory rulemaking process. I'm confident
his leadership will bring positive change. So really great news.
Now the SEC today approved options trading for etherorem SPOTTYTF.
So if you recall, they did this for bitcoin SPOTTYTF,
so this is really great. We're seeing additional products being

(10:49):
built around these ETFs, which is going to bring in
more capital into the asset class. And I can't wait
for one day add staking to the ethereum SPOTTYTF. I
think that's going to be huge for eth. Now look
at this, twenty one Shares files for a Dogecoin ETF
and forms exclusive partnership with House of Doge. So, guys, look,

(11:09):
I think dogecoin is one of the reputable meme coins
been around for a long time, has staying power, has
a community, has developers working on its blockchain, so it's
not one of those fly by night meme coins being
launched on pump dot fun and getting rug pulled and
all that stuff, right, And twenty one Shares is not
the first in fact, bit wise they were the first

(11:30):
to file for this. So incredible stuff here, and it
just shows there's an appetite for crypto, there's an expansion happening.
Would I personally be investing a lot in dogecoin, No,
but I'm not saying you shouldn't. You obviously do your research,
understand the risk and the pros and cons and all that, right,
because there's no cap on the doge coin supply, it

(11:52):
is open ended kind of into infinity and beyond. Right,
so just understand that that doesn't mean it can't move
in the mar market because there are other factors that
can drive it. It's in the top ten, believe it
or not still. So Elon of course is a big
promoter of doge coins. So it is what it is. Now,
look at this news. Kraken Exchange taps MasterCard to launch

(12:15):
crypto debit cards in the Europe and UK. Folks, MasterCard
is a legacy credit card company. Why are they getting
involved in crypto? Some people say crypto is a scam,
it's a fad, it's a ponzi right, it's this and
that and all that, and it's all as a scam, folks.
The biggest institutions in the world, credit card companies, Bang,

(12:36):
stock exchanges, hedge funds, vcs, they're all getting involved. And
I hope you see what's happening. This is amazing. So
Kraken's MasterCard crypto debit cards will be available in the
coming weeks, with client's currently joining a wait list for
the product. So the on and off rams being built here. Now,
I want to end it with this amazing news. So

(12:56):
Treasury Secretary Scott Descent. He spoke at Themerican Bankers Association
today and folks, let me play a clip of what
he had to say about stable coins, blockchain and more.
It's pretty bullish.

Speaker 2 (13:09):
We will take a close look at regulatory impediments to blockchain,
stable coins and new payment systems, and we will consider
reforms to unleash the awesome power of the American capital markets.
Americans deserve a financial services industry that works for all Americans,
including an especially mainstream under President Trump's leadership the Treasury Department,

(13:35):
and I will deliver that to you. Thank you.

Speaker 1 (13:41):
Wow, very bolish statements right speaking to the American Bankers Association,
highlighting they're going to provide the proper guidelines for blockchain,
stable coins and new payment systems. Folks, this is why
I'm bullish despite what the hell is happening in the
market over the past three months, because this setup for
mass adoption, for banks to be able to go all

(14:03):
in on crypto, launching their own stable coins and more.
The foundations being laid here, guys, the path is being
cleared for mass adoption, and it's not just in the US,
but globally. I've been sharing with you guys NonStop, the
moves that are happening in different countries with legislation and
clarity being provided. They're not banning this thing. We were
just talking about Pakistan hiring a former Binance CEOCZ to

(14:28):
build air Crypto Advisory Council and all that, right, I mean,
just look at It's just mind blowing if you think
about it. And I've been here since twenty sixteen, so
to see these things happening and coming to fruition, it's
pretty surreal. So sometimes I have to pinch myself, is
this really happening? Because this is the technology that's going
to power the future of the economy and the markets

(14:49):
and government much more. It's going to be a very
different world. So I'm bullish. I hope you understand what's
going on here, and you're bullish and you're looking at
the macro view because if you're looking at the one
minute chart or the hourly and oh no, the price
is down today, right, I often see the comments, oh look,
you shared some bullish news, but the price is not moving.

(15:10):
People think that positive news automatically has to result in
the price moving because they're not educated about how markets work.
They don't understand that there are moments where this sentiment
is down. We are in a correction and nothing's going
to pump like what we've been in recently. But if
we are in a rally and there's positive news, that
does help the price. So the timing is all important,

(15:32):
and the microcycle as well as the macrocycle. So this
is where I'm trying to share this knowledge. I still
see the bearish comments, the ignorant comments, unfortunately, but look
I was in the ignorant place at some at one
point and I had to learn. So just make sure
you're educating yourself, guys. And great place you can help

(15:52):
educate yourself and understand the cycles is by checking out
my new course at mycryptocurse dot com. It is a
comprehensive course that covers every aspect of crypto, features expert
commentary from CEOs, founders and people who are building in
the crypto industry. No other course offers that. So you
can check out the course of my crypto course. Be
sure to subscribe to my free email newsletter. It's one

(16:14):
hundred percent free on Substack, and check out my book
on Amazon's available in paperback and digital. Guys, thank you
for watching and listening. I appreciate you all, and I'll
talk to you all later

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