ETHEREUM BREAKS $4K LEADING CRYPTO RALLY & SETS UP ALTCOINS FOR BULL RUN!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please let 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,
we have to talk about the charts and specifically Etherorem

(00:26):
because we are seeing some very bullish momentum building up
on the charts and this is very good for the
rally I've been talking about coming later this month, and
it could come sooner than expect it. And I believe
Bigcoin's going to hit a new all time high. I
think many all coins are going to hit new highs,
but we got to be patient. It's going to be
a process. But right now, bitcoins still hovering around that

(00:48):
one hundred and seventeen thousand dollars mark. But what's important
on the chart is that the MACDE which is currently
and this is on the daily chart, the mac d's
about to flip green, so we see the bears are
losing momentum and the bulls are about to take control
the same thing is happening on the Etheroreum chart, and
Etherorem has been breaking out. It's currently trading at forty

(01:09):
three hundred dollars. And what's important about this price point
of four thousand dollars. It tried to break this three
times over the past year, and now it has officially
broken four thousand. That was a key resistance level and
breaking through it, folks, and now Etherrem hasn't surpassed its
old all time high, which was around near five thousand.

(01:30):
It's like forty eight hundred, I think, so once it
breaks through that, I think it enters into full price discovery.
But we're seeing a lot of strength here, and just
like bitcoin, eth is moving away from the over soul
zone and going into the overbought zone and the macdee.
It's kind of hard to see it on the chart here,
but it just flipped green on the daily chart. So

(01:52):
bulls are certainly in control now and the bears have
lost the momentum there now. Even if you don't hold etheroreum,
it's very important that we see this because historically we've
seen eth being a leading indicator for the rest of
the all coin market. So I don't make the rules.
That's just been how it's played out historically. And then
you have to keep in mind that many coins are

(02:12):
actually built on etherorem, a lot of stable coins are
built on e theorem, so it's important to understand what's
happening here and how the market cycles play out. But
this is a very positive sign. And speaking of the
all coin market, total three which excludes Bitcoin, Etherorem, and
stable coins is breaking out following Etherorem's move, So you
can see here it's our side moving to the overboughd

(02:35):
zone or towards it, i should say, And the macde
just flipped green, so the bulls are gaining control. So
I think we're going to start to see a lot
of all coins wake up in the market which have
not been doing much. So I've often told you guys,
this market runs in phases and that we just got
to give it time and eventually the liquidity is going
to catch up and Bitcoin probably is going to consolidate

(02:59):
here as is showing a lot of strength. Now the
validation for this move is bitcoin dominance is falling again.
You know I've been showing you guys every time it falls,
we have major rallies. So the recent rally of June
into July where Bitcoin hit a new hall time high
of one hundred and twenty three k XRP went bananas,

(03:19):
Etherum also rallying. We are seeing another breakdown and eth
is grabbing a lot of that liquidity right now. But
I think come next week you're going to start to
see a lot of other all coins wake up. So
Bitcoin dominance dropping just like we've seen historically. Folks that
get ready. I think it's going to be a very
exciting August, as I've been saying, and that we're going

(03:39):
to hit some new highs and I will be looking
to take profits at certain price points. The other validation
of this move is USDT dominance is moving down, So
this is the stable coin liquidity, essentially the stable coin
liquidity entering into the market via Bitcoin, etherorem and other
all coins. So obviously the dominance starts to fall right

(04:00):
because the supply is decreasing overall and entering into different assets.
So we have confirmation, and as I've been saying, I've
been sharing this chart with you guys. Once this thing
breaks below four percent and then even goes down to
below three point seven percent, which is kind of a
key support level here. I think that's where the mania

(04:22):
phase starts, and you're going to see a lot of
euphoria and everybody in their grandma is going to tell
you crypto is the greatest thing ever. Are you investing?
I'm buying meme coins. But we as smart, educated investors,
have taken our positions in the lows. We don't buy
in this zone. It doesn't I mean, you could certainly
make a return, but you're not going to make a
big return, right if you understand what I'm saying. So,

(04:43):
if you've been buying the bear market bottom, you know,
December twenty twenty two, January twenty twenty three, even later
into twenty twenty three, you're going to be up significantly
versus someone who's coming in now, which is late in
the cycle, right, folks, But unfortunately, this is the nature
of markets. The folks who come in late, who are
not educated or research, they're called dumb money, right. They

(05:04):
come in with the herd. Oh, we see the prices
are up when they should have been buying when the
prices were down, when there's blood on the streets. So, folks,
the setup here is beautiful. Everything is in alignment and
as always be patient and expect volatility. The DXY, the
Dollar Currency index also starting to break down, so when

(05:25):
this is weak, you know, there's that inverse correlation. So
there's an inverse correlation with the bitcoin dominance, USDT dominance
and the DXY with the assets. When the assets are
going up, these are going down. So that's why it's
important to look at these metrics. So this is very
very bullish. Global liquidity continues to be the macro leading

(05:45):
indicator where Bitcoin is following, so is the stock market.
The S and P five hundred you can see, is
following the same pattern as Bitcoin on the move again,
so is the NASDAC. So notice how all these things
are moving with global liquidity, real estate, precious metals as well.
So we are setting up here for the move towards
a blow off top come Q four in my opinion.

(06:08):
Now we'll have to watch global liquidity close very close,
because it's currently showing a top in late September into
early October. And if we do see some sort of
recovery where it starts moving up again, then of course
you know we'll adjust our thesis accordingly. But as of
the data today, right now, it's looking like there's a
top come Q four and if it does start to

(06:32):
you know, move up again and make new highs global liquidity,
that is then you know, I think this could go
into twenty twenty six for sure, But right now, like
I said, we'll have to keep watching the data. But
right now it looks like the top is coming in
Q four. And this aligns with a huge milestone and
a huge narrative play, which is Congress passing crypto legislation.

(06:52):
And you know, once the Senate gets that through, you
know a lot of mainstream media is going to cover it.
Everybody's gonna say, wow, Congress has passed legislation, and the
crypto is never gonna stop, is gonna keep going. But folks,
you all know how it works, right. Markets move in
cycles and it doesn't go up forever. And that's why
we're looking at all these different metrics to make sure
we don't miss anything and we are as informed and

(07:15):
educated about what's happening. And no one can call the
exact top, but we want to look for the top
zone where we can make sure we are exiting and
taking profits if you are planning to do so, and
in my newsletter today and if you haven't signed up,
make sure you do. It's one hundred percent free. You know,
I highlighted bitcoin's next move. You could see a bit
of a chop here, move back up to one twenty,

(07:36):
then a bit of a pullback, and then I think
a move up to between one twenty eight to one
thirty two and possibly higher one thirty five. So we'll see.
But the all coin market set up right here is
looking very very bullish. There's a really nice setup here
for a breakout. So I think this is going to
be a really good month. Now I may be wrong,

(07:59):
but I do there's a high probability based on the
data now, not because I feel bullish, not because there's
bullish news, but the data, the charts, the macro is
all showing us that very strong rallies coming. So get ready,
you know, if you make sure you've got a profit
taking plan and you know where you're exiting the market.
So things are looking very nice here, folks. A great

(08:21):
place you can buy selling trade crypto is on uphold.
This is a platform I've been using since twenty eighteen.
I trust them. I've never had any issues and they
offer staking on twenty plus cryptocurrencies and they offer over
three hundred plus cryptocurrencies now, they are fully reserved, they
don't commingle or lend out your crypto funds, and you
can review their transparency report folks. So once again I

(08:44):
trust this platform. I've been using them for many years.
And they also have a great rewarse program where you
can earn up to five point two five percent on
stable coins, and part of that rewarse program you can
get twenty four hour early access to new tokens that
they list aaple coins. They support our ripples r L,
USD where you can earn up to five percent there
and USBC where you can earn up to five point

(09:06):
two five percent there. And to participate, you just simply
have to log into the app once per month, deposit
fifty dollars once per month, and trade fifty dollars once
per month. So pretty easy, folks. Once again, great platform
that I've been using for years. So if you'd like
to learn more about uphold, check out the link in
the description. Now, folks, we got some news here that
Bo Hines, who I've had on the podcast, who worked

(09:29):
alongside David Sachs the White House cryptos are he's stepping
down from his position to go work in the private sector.
He tweeted out. Serving in President Trump's administration and working
alongside our brilliant AI and cryptos are David Sachs as
Executive director of the White House Crypto Council has been
the honor of a lifetime. Together, we have positioned America

(09:50):
as the crypto capital of the world. I'm deeply grateful
to the industry for its unwavering support. I love this
community and all we've built together. As I returned to
the private sector, I look forward to continuing my support
for the crypto ecosystem as it thrives here in the
United States. Now, David Sachs tweeted out a big thank
you message, and he said they have a deep bench,

(10:12):
so they'll have some folks who are going to come
in and take over Bow's place. But Bo did some
great work, and you know, they got a lot done
over the past let's say eight months, guys, so incredible stuff,
a lot of wins. So we'll see where Bo lands.
Maybe he goes to work in the crypto industry. You know,

(10:32):
they'll be very interesting. All right, let's move ahead. We
got a very interesting list here that thirteen up the
top twenty five US banks are building bitcoin products. So
you know, this is fro the Bitcoin archive account, so
they like to frame the narrative bitcoin, but it's crypto, right.
These banks are doing a lot more than bitcoin. But

(10:53):
it's interesting. JP Morgan, which is the largest bank. They
haven't announced custody yet, but they have announced trading. Bank
of America nothing yet, but they did talk about launching
a stable coin City group coming in at number three,
and it has to hear high net worth clients only,
so they haven't opened it up to all of their
retail clients. And it goes on and on, but it's

(11:14):
just fascinating to look at a list like this and
see who's participating and getting involved. Some haven't fully announced
stuff yet, but you know it's in the works. You know.
Just recently we heard about PNC Bank, they're on this list,
that they're partnering with coinbase. JP Morgan announced their partnering
with coinbase to offer crypto trading. So I think we're

(11:34):
going to see all of these folks open up even
to retail, not just their high net worth wealthy clients,
but all the banks are coming, all the stock exchanges,
all the payment companies, credit card companies. I'm sure many
of you saw my interview with MasterCards executive vice president
of Digital Assets and blockchain. All of these folks are
exploring building testing and they have to because disruptions at

(11:58):
their doorsteps. So we're going to see full integration. But
it's just fascinating to what. Let's see a list like this,
and it's actually from the folks at River. They put
together this list, so very very bullish. Now look at this.
Harvard Endowment invests one hundred and sixteen million dollars into
black Rock Bitcoin ETF. So we're seeing a lot of
pensions endowments they are investing in the ETFs, which has

(12:21):
made it very easy for them to do so. So
Harvard Management Company, the entity responsible for managing the university's
fifty three billion dollar endowment fund, has reported a multimillion
dollar investment in black Rocks Bitcoin ETF. In a Friday
filing with the SEC, Harvard disclose holding about one point
nine million shares of the ihers Bitcoin ETF. As of

(12:43):
June thirtieth, the bitcoin exposure was valued at more than
one hundred and sixteen million dollars, making it the fund's
fifth largest investment for the period after Microsoft, Amazon, Travel
technology Company, Booking Holdings, and Meta, Harvard reported its endowment
fund was fifty three point two billion dollars as of
June thirty at twenty twenty four, making it the largest

(13:06):
among US universities, ahead of Yale, Stanford, and Princeton. Just
look at who's investing, folks. It's amazing and this is
only going to continue to grow. They're going to grow
their exposure. You're going to have more players come in
and they have to this, as Paul Trudeer Jones said,
is the fastest horse in the race. Meaning they could
invest in the stock market as they many of them

(13:28):
do currently. They ca invest in real estate and other
asset classes, but nothing's moving like crypto. Crypto has outperformed
all of the other acid classes. So this is why
you're seeing a race for these folks to add exposure
to crypto, and it will go beyond Bitcoin. They're going
to do ethereum and the other all coins, xrpiece, Solana

(13:49):
and much more. And I think once the index ETFs
are approved, you're going to see more investing on that
side because it gives these folks more exposure to the
acid class and potentially more upside because all coins tend
to outperform Bitcoin at certain parts in the bullmarket. So
this is very very bullish and a sign of things

(14:11):
to come. Now, Vivo Power shares jump thirty two percent
on one hundred million dollar Ripple buy plan to boost
XRP strategy. Now, many of you know, I've had the
CEO and one of the board members, Adam Trademan on
the podcast talking about their plans for the XRP treasury strategy.
They're going to buy one hundreds of millions of dollars

(14:32):
in XRP putting in their balance sheet. Well now they're
going to buy some shares of Ripples, So this is interesting.
So Nasdaq listed solar power company Vivo Power International Plc
saw its shares jump thirty two point twelve percent to
five dollars and ten cents on Friday, after the company
announced plans to purchase one hundred million dollars worth of

(14:52):
privately held Ripple Lab shares, expanding its XRP focused digital
assets strategy. The move, which follows two months of due diligence,
we'll see Vivo Power acquire Ripple shares directly from existing shareholders,
pending approval from Ripple's executive management. The company said in
a Friday press release. Here's a quote from the CEO.

(15:13):
Our portfolio construction strategy is to buy a combination of
Ripple shares and XRP tokens. This will allow us to
optimize for yield maximization while also maximizing the weighted average
costs of XRP acquired. Kevin Chin, who's the CEO, said, so,
this is fascinating. We haven't seen anyone do the token

(15:35):
plus shares in a company, so I think this may
be the first of its kind, and we could see
other companies do the same thing. But I primarily care
more about the asset that they're holding XRP, just like
other companies are holding bitcoin, because it's a more crypto
focused treasury strategy. But hey, look nothing wrong with having

(15:56):
kind of a hybrid approach here where you're also getting
to share. So very interesting move by Vivo Power. Now
we're Liberty Financial, which is Trump's crypto project. Of course,
weighs a one point five billion dollar public company to
hold the WLFI tokens. So it looks like they want
to do a crypto treasury strategy with the WLFI tokens.

(16:19):
I don't hold this token. I don't know if any
of you do, but we're Liberty Financial. It's very defive focused.
They've been buying a lot of crypto tokens and much
more so. Let me give it to details. We're Liberty Financial.
The Trump family backed crypto venture is exploring the creation
of a publicly traded company to hold its WLFI tokens,
with a fundraising target of roughly one point five billion dollars.

(16:41):
The structure of the deal is still being finalized, but
major investors in technology and crypto have been approached and
discussions are said to be progressing quickly. According to a
Friday report from Bloomberg, the move at place, We're Liberty
Financial among a growing wave of digital asset treasury companies,
which are publicly traded firm holding crypto reserves. These companies

(17:02):
have raised an estimated seventy nine billion dollars in twenty
twenty five for bitcoin purchases alone, pretty report, and of
course most recently there's been a surge and etherorem treasury companies.
There's also some that do salona and obviously xrps just
mentioned where Liberty Financial, whose website names Donald Trump as
a co founder, launched last year with plans for a
crypto lending app and currently offers USD one eight dollar

(17:25):
back stable coin. So let's see what they do here.
It sounds like they want to start their own publicly
credit company or I don't know how they're going to
do this, but anyway, everybody's trying to go with this
treasury strategy move, and I think I see a bit
of a bubble forming here. Again, not against what they're doing.
I think this is great. I think companies diversifying adding

(17:47):
some crypto assets can really help them preserve their purchasing power,
the cash on their balance sheet. That was the ethos
of how this all started. But micro strategy took it
to another level of raising debt, and a lot of
companies are using the debt model. I think if they
do it in small amounts, it's okay, but if they
get too if there's too much of this, it could

(18:09):
get very risky, especially in a market downturn or a
bear market, and you know, I think we might see
some collapses. Honestly, history has shown us this. You know,
when there's a lot of leverage in the system, not
to mention, you may have poor management of some of
these companies. You know, some ceo, some folks may not
be as qualified or very smart to handle these things

(18:30):
because it's a very different thing. And again, when when
the bear market comes, you know, as Warren Buffett said,
when the tide goes out, you'll see who's swimming naked, right,
and we'll see how this plays out. Again, I don't
want a collapse to happen. I'm just a student of
history and markets, and I've seen these things happen. So
let's see, folks. This is why I'm saying, we want

(18:52):
to get ahead of these things. And if we are
playing to take profits, we make sure we exit the
market money in our pockets. And when the bear market
comes along and somebodyse come needs go down, there's liquidations
and this is where you have the corrections that you
know we've seen historically. And that's when I'll be backing
up the truck to buy the lows, rins and repeat,
preparing for the next bull market of twenty twenty eight.

(19:14):
That is my strategy. You don't have to follow it,
but just sharing what I'm looking at, what I'm thinking,
based on what we've seen historically, how market cycles play out.
This is why we're looking at multiple data points and
factors to make sure we are getting a holistic view
of the market. Folks, that's the news. Let me know
what you think. Leave your thoughts in comments below. A

(19:35):
great way you can support me in the podcast is
by subscribing to my free email newsletter. It's one hundred
percent free. Link would be in a description. Check out
my book on Amazon, it's available in paperback and digital,
and my course at mycryptocurse dot com. This is a
comprehensive course that teaches you every aspect of crypto knowledge
is power expand your knowledge around the crypto asset, class

(19:57):
and technology. So go to 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 I'll talk to you all later

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ETHEREUM BREAKS $4K LEADING CRYPTO RALLY & SETS UP ALTCOINS FOR BULL RUN!

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