HUGE NEWS! VANGUARD CAPITULATES TO BITCOIN & CRYPTO!

Episode Transcript
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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 a thumbs up button and leave a comment.
Blow If you're listening on a podcast platform such as
Spotify or Apple, please leave a five star rating and review. Folks,
let's take a look at the bitcoin price chart right now,

(00:26):
because I like what I'm seeing. You know, one of
the things we've been talking about is just as cyclical
patterns are pulling out here, bitcoin leads to the market.
So we're using it as the measuring stick. Bitcoin is
in the oversoul zone. Now it can go a bit
further where it becomes even more over sold, right kind
of like how we hit the overbought zone and it
get superheated and you know a reversal is coming. I

(00:48):
actually hope it gets to that super oversol zone because
it means the next rally is going to be face melting. Now.
Right now, the RSI in the daily chart puts US
at a round a thirty six, and this is getting
too near the levels of the tariff crash which took
place back in February, January and February of course, and

(01:08):
even coming out of that to the final dip in April.
We're at those levels, folks, very close, So I think
a little more downside and then we find the bottom,
and I think we're gonna have a very good queue
for base on the data now, not my emotions, not
fairy tales, not my good feelings, whatever, just the data

(01:29):
what we've seen historically. And of course we're looking at
the leading factors such as global liquidity which continue to rise,
in addition to other factors that show that we have
not experienced the top yet. So patients continue to monitor
the metrics and the signals, and everything is gearing up. Well.
Here if we jump to the weekly view of this chart,

(01:50):
here we can see what's going on with the bears
because they're still in control, right. That's fine. Bulls have
their time and so do the bears. It's all cyclical,
so bears still in control. But eventually we're going to
see the flip, right once we hit that bottom, So
just be patient, folks. Now, the big news of the day,

(02:12):
which I'm sure many of you saw, Eleanor Turt of
Crypto in America reported that Vanguard eyes crypto ETF access
for its brokerage clients. Vanguard is the world's second largest
asset manager, right behind black Rock. They are preparing to
allow access to crypto ETFs, according to a source familiar
with the matter. Folks, we literally talked about it this week,

(02:33):
right with the news of Morgan Stanley opening up crypto
trading via e Trade that Vanguard, Charles Schwab, all the naysayers,
all the people who are detractors are going to capitulate.
They are going to bend the knee. And hear Vanguard
getting ready to open up crypto trading. They have to, folks,
as I said in the previous podcast. If they don't,

(02:55):
they will have their Blockboster moment because all of Wall
Street is adopting crypto and there's a lot of capital
flowing into crypto. So if you're a CEO or you're
running the company, you would be an idiot, right based
on your feelings or how you feel about crypto to
not allow your clients to be able to access it
and you're losing out on the fees, right, that would

(03:17):
just be an idiotic move. But they all have to
bend the knee. Game theories playing out here. No one
wants to get left behind. And like I've been saying,
Charles Schwab is going to be around the corner very soon.
So this is very bullish, folks. The second largest asset
manager in the world bending the knee to crypto. So
of course they're going to open up the ETF training

(03:39):
Bitcoin Etheroreum, and then once the all coin and ETFs
are live, you can imagine they're going to open that
up too. Don't be surprised if they start looking into
tokenization right because a black rock is doing it and
making a lot of money from it. You have Franklin, Templeton, Fidelity.
All these folks are doing these things and they're making
bank and it's the future. We know the markets are

(04:00):
going to be running on blockchain rails in addition to
the governments and the economy spokes. So better late than never.
Van Guard and I think the new CEO was the
one who you know, pushed this to go through because
he recall, the previous CEO had some very very nasty
statements he made about crypto, but he's long gone and
maybe that's part of the change here. But folks, this

(04:21):
is very significant. Don't miss how big this is. You know,
share this news with those who are skeptics about crypto
is still on the fence. I love what Eric Balchune,
is senior ETF analysts at Bloomberg said, because he and
the folks at bloomber have been talking about this for
over a year. He said, Vanguard is looking to end
bitcoin ETF ban aka bend Denee laughed out loud. The

(04:42):
dynamics have been changing. Nice scoop by Eleanor. We heard
chatter of this too smart of them. In my opinion,
Bitcoin in eth ETFs hugely popular, and Salim the CEO,
was one of ibit's midwives, so he knows. I believe
the CEO was at black Rock working on some of
these things, if I'm not mistaken. The folks at Bloomberg

(05:04):
about a year ago, you know, they said that this
band could be overturned by the new CEO, and indeed
they nailed it here that you know this this would happen.
So again, folks, don't miss the significance of this. I
don't necessarily care about Vanguard. What I do care about
is this technology and the potential to make some money here,

(05:25):
and this is why we're here. Many of us right.
Don't get me wrong. I love the technology. I want
to build with it, I want to do different things
with it. But first and foremost, I'm here to make money.
So we have to pay attention when we see big
dominos like this fall, folks. It's very, very significant. So
what a day to be in the market. And I
know some of you are going to say, Tony, you
look at that price, are you crazy? It's all cyclical, folks.

(05:47):
We're still in a bull market. And these firms like
Morgan Stanley and Vanguard, they're not idiots. They know the
timing of the markets. They're not trying to come in
the bear market where they launch a product. They're not
going to get inflows or money, right. They want to
launch it a bull market to make money. So exciting
times are ahead, folks. Quick word from our sponsor and
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(06:09):
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(06:51):
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(07:12):
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if you'd like to learn more about Uphold, check out
the link in the description. Now Here are more signs
of the bullmarket. As IPO rumors swirl, krack In Exchange
secures five hundred million dollar funding at a fifteen billion
dollar valuation. This is incredible. Just the other day we

(07:34):
saw tether their valuations insane, right, but plausible because of
the amount of money they're pretty much making. But again,
signs of the bullmarket. And we've heard of kracking looking
to do an IPO. So I think they're coming up
next folks, and it's going to be a big one
because Kracken is one of the larger exchanges you know,
within the United States, I would say, just behind coinbase.

(07:57):
So Krackin has reportedly raised five hundred million dollars at
a fifteen billion dollar valuation, strengthening its financial position amid
growing speculation that the cryptocurrency exchange is preparing for an
initial public offering. The funding was first reported by Fortune,
which cited a source close to the negotiations in a
profile on co ceo our June setee. The source claimed

(08:21):
that Kraken closed the round earlier this month, however, they
declined to comment. From the coin Telegraphs to report, the
rays and valuation are broadly in line with cooin Telegraphs
reporting in July which revealed that Kracken was seeking five
hundred million dollars at a fifteen billion dollar valuation, a
move widely interpreted as a step toward IPO readiness. I

(08:42):
think the writing's on the wall here. Kracken's going to
go public. You know, Gemini Exchange just went recently. You
had bullish of course, Circle was a big one, and
there have been others. E Toro also went public in
the United States. So guys, these are signs of a
bull market, right. It's not the only side. Obviously, we're
looking at multiple factors. But I want to emphasize this

(09:04):
so that you are looking at the market from a
broader landscape, you know, not just having tunnel vision for price,
because if you're caught up in the hourly and the
daily and weekly of price, it's going to wreck you, man,
because the market's volatile. But if you zoom out on
the macro and you go down your checklist, are we
still in the bull market? Crypto IPOs, huge funding, global liquidity,

(09:26):
bitcoin dominance, USDT dominance, Fibonacci levels, Elliott wave analysis, and
much more so on and so forth. Right, So I
hope you understand why I'm beating the drum here. It's
to educate and help you guys to better understand the
market so that you're more confident and you're not in
the emotional rollercoaster of price volatility. So this is big

(09:47):
folks to expect krack and I think they will go
public come Q four. It would be a good time
seasonality wise, crypto legislations around the corner, and you know,
we're expecting Q four to be pretty hot from a
market standpoint, not just for crypto, but stocks and so forth,
So this would be a smart move for the folks
at Cracking. Now, look at this City raises stable cooin

(10:10):
market cap forecast to fort trillion by twenty thirty. So
City Bank here, City, the international banking and financial services company,
revise its stable coin forecast due to the strong growth
of the sector in the last six months and now
projects the stablecoin market cap will grow to fort trillion
by twenty thirty. Analysts at City project a one point

(10:30):
nine trillion dollars stable coin market as their base case
and up to fort trillion as the bowl case, up
from previous projections of one point six trillion and three
point seven trillion, respectively. Now I think it's possible by
next year. Late next year, this stablecoid market could even
cross a trillion. Here's why. The Genius Act has been passed,

(10:52):
and we've seen the banks themselves, City Bank of America
reported they want to launch stable coins. The stable coin
race is heating up here. Of course, you got paypals,
p y US, the Circle, US DC, Ripple r L, USD,
you got tether. They're expanding as well in the United States,
and the United States is going to push for more
stable cooin development. Why because the stable coin issues for

(11:14):
US the back stable coins. They have to hold US
treasuries in the reserve, so you know, the government's going
to say, hey, guys, keep minting, keep pushing the US
dollars stable coin around the globe. This is part of
maintaining the dollar dominance. So I think a one trillion
market cap by next year is possible because I don't
think this is dependent on the cyclical pattern of the market,

(11:37):
the bull market. It is now beyond the crypto market.
Right If banks are launching stable coins, they're going to
push that out to customers in different parts of the
world for instant settlements, so that that has nothing to
do with bull markets. So this we could see one
trillion next year of folks, let's see hopefully my predictions
right or close to a trillion. You know what if
we get to like nine hundred billion, right, that would

(11:59):
be incredible. So, guys, things are opening up beautifully here.
I'm so excited to see what comes this Q four
and even to the next year. Look at this. UK
Finance pilots tokenized Sterling deposits with six major banks. When
I keep telling you, guys, I repeated over and over

(12:20):
that the economies, the markets, and the governments will all
be running on blockchain rails. I'm not bsing you. That's
not hyperbole. This technology is the future. So UK Finance,
a trade association representing over three hundred financial services firms
in the UK, has launched a joint pilot project for
tokenied Sterling deposits GBTD. The trade group began the pilot

(12:44):
phase for the tokenized deposits project, which aims to provide
a digital representation of traditional British pound commercial bank money.
It announced on Friday. The pilot was launched in collaboration
with six major banks operating in the UK, including Barclays, HSBC,
Lloyd's banking Group, not West Nationwide and Sandtander some big

(13:04):
names there, right, folks. So UK Finance plans to run
the pilot until mid twenty twenty six and aims to
explore benefits to customers, businesses and the UK economy, targeting
greater control over payments, fraud prevention and more efficient settlement process.
Now we often talk about watch which blockchains are being
adopted by these folks. Well, from my Quant holders, this

(13:28):
is huge news. I don't hold Quant, but if I did,
I would be super happy and maybe in the bear market,
I'm going to grab this coin because look at this
Quant network to provide the infrastructure. This is where we
as educated investors. We want to see who's making what moves,
what institutions, what the government's doing, which blockchain they're using,

(13:49):
and you want to grab up that coin. Obviously, you
don't want to buy the tops, you don't want to
buy pumps. You want to buy the blood in the streets.
So you open up the chance for you to get
more of a return, right because if you go buy
the top and the market rule is over, you're put
in a position where you got to wait longer to
recoup or make a profit. Right, so I hope you
understand that. So the UK finance is GBTD. Infrastructure will

(14:11):
be provided by quant Network, a UK headquartered platform specializing
in blockchain in to rop a building that is big.
So my quant holder is yeah. I'm sure many of
you got big smiles on your face right now. This
is huge adoption news, right. You gotta call it like
it is. Even if I don't hold a coin, I
gotta say this is bullish for quants. So really great

(14:31):
stuff here, folks, Very bullish folks. That's the news. Let
me know what you think. If you appreciated this content,
please subscribe to my free email news that are on substack.
The link will be in the description. I'll be putting
out a new newsletter possibly tomorrow or Sunday, so you
don't want to miss that. And check out my book
on Amazon. It is available in paperback and digital. And
check out my course at Mycrypto course dot com. This

(14:53):
is a comprehensive course that teaches you everything about crypto.
So if you want to expand your knowledge, knowledge is power,
this is the course for you. To mycryptocurse dot com. 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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