HUGE! VANGUARD TO OFFER BITCOIN, XRP, ETHEREUM, & SOLANA ETFS!

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Vanguard has completely capitulated. They will offer bitcoin xrpe theorem
and solana ETFs. This is a massive win for Crypto
and Sony. The tech giant is looking to create its
own stable coin that could be used within its devices
such as the PlayStation game console. And there are big
updates around micro strategy with a new USD reserve and

(00:23):
buying more bitcoin. I'll give you all the details. Let's
get into it. 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 well as a thumbs up button and leave

(00:44):
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. Not much to report on the price.
We're still seeing some chop here from bitcoin. Yesterday we
talked about the dump that we experience. I personally think
is just a retest, but there is the possibility that
it goes lower before we find some sort of bottom

(01:06):
and we start moving up. The big question that we
all have is is that just going to be a
relief rally? Right? Maybe bitcoin just retraces or is it
the continuation to new all time highs. So that's the
big question we all have to wait and see. But
it has been pretty bloody, you know. Here there's some
updated stats on November's performance, and bigcoin returned a negative

(01:29):
seventeen point sixty seven percent in November twenty twenty five,
its second lowest monthly results per coin glass. So it's
been rough, right, But a reminder that the tire off
crash and the government shut down, all these things have
pushed the timeline back and disrupted liquidity flow. And here's
an interesting thing is that if Bitcoin crosses ninety six

(01:49):
nine hundred dollars, we're going to see about ten point
two billion dollars in shorts get liquidated. So we could
have a massive short squeeze. So let's see how things go.
We have to be patient here, and of course I
know many of you are waiting for all coins to run,
but remember the market follows bigcoin's lead. So this is
why we always set the table and giving you the

(02:13):
foundational knowledge and no bias, that the liquidity enters Bitcoin
and then it flows down to the all coins and
you see rotational liquidity. So if anyone else is telling
you otherwise it's a lie, because the data is showing
that's the flow of the market. Now we are seeing
some folks are still buying micro Strategy. In fact, they
bought more bitcoin. They now hold six hundred and fifty

(02:34):
thousand bitcoin and in fact, today they made a huge
announcement that they have set up a one point four
billion dollar cash reserve and in addition to buying some bitcoins.
So let me give you some details here. Michael Sailor's Strategy,
the world's largest public bitcoin holder, is creating a one
point four to four billion dollar US dollar reserve to
support dividend payments on its preferred stock and interest on

(02:57):
its outstanding debt. Strategy on Monday announced the establishment of
a US dollar reserve funded through proceeds from the sale
of Class A common stock under its at the market
offering program. Here's the quote. Strategy's current intention is to
maintain a USD reserve in an amount sufficient to fund

(03:18):
at least twelve months of its dividends, and Strategy intends
to strengthen the USDED reserve over time, with the goal
of ultimately covering twenty four months or more of its dividends,
the company said, so they're essentially making sure they have
a reserve so they can handle the market volatility. You
know a lot of people have been saying they're going
to collapse and this and that. And look, they bought

(03:40):
another one hundred and thirty bitcoin for approximately eleven point
seven million dollars, so things are continuing here and here
Arkham highlighted that Tom Lee's bit Mind has bought ninety
six eight hundred eighth in the past week, worth about
two hundred and seventy three point two million dollars. That
is incredible. And in addition, they still have eight hundred

(04:02):
and eighty million dollars to buy Ethwitz, so they raised
a significant amount of money and they're going to be
buying the dips here. So this is the on chain data.
By the way, from Arkham. They are an on chain
blockchain intelligence firm. Now look at this news. This is massive,
huge capitulation and we heard about the rumors of it
months ago. And that is Vanguard will roll out access

(04:26):
to crypto ETFs to its brokerage clients starting tomorrow, so Tuesday,
December second. And here is a bit of the article
that was published starting on Tuesday, Vanguard will allow ETFs
and mutual funds that primarily hold select cryptocurrencies, including Bitcoin, Ether, XRP,
and Solana, to be eligible for trading on its platform.

(04:48):
It's a compromise that belies the firm's long standing view
that digital assets are too volatile and speculative for serious portfolios,
and comes despite a more than one t billion dollars
draw down in crypto market value since early October. A
couple things here, We've been talking about it for a
long time. Everyone will have to bend the knee. This

(05:10):
is inevitable. The world will be run by blockchain or
running on blockchain rails, i should say. And crypto's here
to stay. It is not going away. And Vanguard made
the really bad move. If you recall the previous CEO
who got fired, you know, in twenty twenty four, he
said bitcoin isn't a store of value, will never offer
the ETFs. Now they're opening it up to not only Bitcoin,

(05:32):
but the all coins. So even the biggest critics and
those who are on defense will capitulate because this technology,
this acid class, is inevitable. It's here to stay. And
this is a very bullish sign. It will open up
more capital to come into the market. It's a big
on ramp. It will help more people to participate in
the acid class. And look at the all coins they're

(05:53):
offering right. One will think they would just start with bitcoin,
but they're going to offer either XRP and Solana, So
huge win for crypto. And the other major factor is
look at when they're doing this the market's down. You
know a lot of people on crypto Twitter are depressed.
They think the top is in, right, I see the
comments that. I mean, I'm sure many of you guys
see anytime the price goes down, you see a lot

(06:15):
of people coming in. It's over, it's done. Usually a
lot of those people are shorting the markets that they
want you to sell. They want you to feel fear.
But as always, we don't invest with our emotions. We're
looking at the data. We're looking at the macro, the
on chain data, the charts as well. Right, So this
is why you got to be careful what you're watching
and listening to. Obviously, don't just take my word for it.

(06:36):
You do your own research. I always encourage you guys
to do that. Don't be a cult follower, right, don't
cult follow anybody listen to different points of views, but
watch out for the trolls as well, and the people
who are shorting. Understand where we're at in the market.
If they're not backing up their claims with data and information,
they're just saying that's it. The top is in. Haha,
you're an idiot. But right, you got to ignore that.

(06:59):
That's garbage. Right, But if someone is saying, hey, here's
a legit breakdown with chart analysis and much more, then
you want to pay attention to that, right, So important
to get both sides of the coin. The point of
view from both sides of the coin here. But this
is a huge win for crypto folks. Now, this episode
is brought to you by Uphold, which is a great

(07:19):
crypto platform where you can buy, sell, and steak your
crypto assets. I've been a user of uphol since twenty eighteen.
They're one of my go to exchanges. They're reliable, I've
never had any issues with them, and folks, they offer
three hundred plus crypto assets where you can buy and
sell the top all coins and of course Bitcoin. They
also offer a staking on twenty plus crypto assets and

(07:41):
they are fully reserved. They don't commingle or lend out
your crypto assets. You can review their transparency report on
their website. And once again, I'm a user, so I
can vouch to this platform. They also have a great
rewards program where you can earn up to five point
two five percent on stable coins and you can also
get early access to new tokens. They list well at
least twenty four hour early access. Now. These stable coins

(08:03):
they support includes USBC you earn up to five point
twenty five percent there, Ripples r L, USD you earn
up to five percent there, and Circles USDC you earn
up to two percent there. And in order to participate,
you simply have to log into the app once per month,
deposit fifty dollars once per month, and trade fifty dollars
once per month. Very simple. Once again one of my

(08:25):
go to exchanges. So if you like to learn more
about uphold, check out the link in the description. Now, folks,
we continue to see all coin ETFs go live in
the market, and this week we're expecting to see Grayscale
launch the chain Link ETF. Many of you know I
have chain Link in my portfolio. I'm very bullish on it.
I was recently a chain Link smart con event, and
they're doing a lot of great things. So here's the headline. First,

(08:46):
chain Link ETF set to begin trading on Tuesday as
exchange signs off on Grayscales Link Fund. So the New
York Stock Exchange ARCA is subsidiary of the New York
Stock Exchange Group Certified listening to convert the Grayscale Changeling
Trust ETF on Monday. Over the past few weeks, several
crypto ETFs have launch in the US, including ones tracking

(09:09):
like cooin, h Bar, XRP, and Solana. So very bullish
if you're a chain Link token holder. I will be
intervening one of the greatest scale representatives tomorrow to talk
about this, plus the launch of their XRP and dose
coin ETFs and much more so. Guys, I think we're
going to continue to see more all coin ETFs get launched.
I think certainly the coins in the top fifteen to top twenty,

(09:32):
right that have a lot of liquidity, that have a
lot of visibility communities, and much more so. Great to
see these ETFs being launched for coins that I hold,
even though the market's seeing a lot of downturn right now.
But you know, I've often stated I have a macro
review in the market. As long as central banks keep
printing money, I am bullish, even if we are facing

(09:53):
short term bearish action, volatility and painful market action. Right,
we got to call it what it is. It is painful.
It is not fun to see that. Even though I've
been in the market since twenty sixteen, I've experienced a lot,
but it is painful to see these things, right, because
everybody wants their portfolio to go up. Now, the trick
is I've often stated, don't look at your portfolio. Doing

(10:15):
these times, I have not looked at my portfolio, And
while I am looking at the market in different ways,
I try not to focus too much on the price, right,
So you got to kind of develop that banner blindness
that if you're checking certain things, you're not looking focusing
on the price, even though it's there. It's a fact,
it's down right, But you don't want to marinate on
that over and over and it will just give you depression,

(10:38):
you know what I mean. Okay, let's move ahead. We've
got some big news for Solana, so Calshie, the prediction
market is tapping Solana to tokenize betting contracts. So this
is a big win for a Solona here, I do
hold a sole token in my portfolio. So predictions platform,
Calshi has reportedly begun allowing users to buy and sell
tokenized versions of its event contracts on the Solana blockchain.

(11:02):
According to a Monday CNBC report, Calshi has moved closer
to courting cryptocurrency users by offering tokenized contracts, which are
now live on Solana. The move tokenize bets on the
Predictions platform, which includes US elections, sports and more, making
them more tradeable on the blockchain. Folks, when I've been

(11:24):
saying for a long time that the future markets, economies
and governments will all run on blockchain rails, that was
not hyperbole. I was not bullshitting you. This is what's coming,
and this is the next layer on top of the
Internet and the way we are going to trust each other,
interact with each other, buy and sell and move value
and funds. Of course, So here's a quote. There's a

(11:47):
lot of power users in crypto, John Wang, Calshi's head
of Crypto's whole CNBC. This is about mapping into the
billions of dollars of liquidity that has crypto and then
also enabling developers to build third part front ends that
utilize Calshi's liquidity. Huge news here, obviously Calshi's blockchain base, right,
so we're going to see a lot more markets created

(12:11):
on these prediction markets. Now, this is big news. Crypto
payments coming to PlayStation as Sony plans stable coin launch
in twenty twenty six. We know Sony has built their
own Layer two on etherorem called Sonium. They are certainly
bullish on blockchain tech and here they're expanding that. So
Sony Bank, the online lending subsidiary of Sony Financial Group,

(12:34):
is reportedly preparing to launch a stable coin that will
enable payments across the Sony ecosystem in the US. Folks,
think about this, Sony the tech giant. I grew up
with a Sony Walkman and TVs and much more, right,
and now they're integrating blockchain technology in different ways, and
they have to because this is the future. Right Once again, economies,

(12:56):
markets and governments running on blockchain rails. Sony's playing to
issue a US dollar peg stable coin in twenty twenty
six and expects it to be used for purchases of
PlayStation games, subscriptions, and anime content. They NAKE reported on Monday,
targeting US customers, who make up roughly thirty percent of
Sony's group's external sales. The stable coin is expected to

(13:19):
work alongside existing payment options such as credit cards, helping
reduce fees pay two card networks, the report sets, So
that's big, guys. You got this stable coin running through
the Sony ecosystem, which is big with the gaming and
other technologies. And think about it. When you have smart devices,
you know, and different electronics that are using AI, they

(13:42):
will need blockchain and you can talk to your refrigerator
or whatever, your microwave and tell it to do certain
things in order some certain things. It's going to be
tied in, right. I think it's called the Internet of
Things IoT, right, So you're seeing the bridges being built
here for a very digitized world that needs a digital
currency with instant settlement transparency and that can improve trust

(14:05):
because you can't do it without the blockchain. I think
we all know that. So Sony Bank applied in October
for a banking license in the US to establish a
stable coin focused subsidiary and has partnered with the US
stable coin issue of Bastion. Sony's venture arm also joined
Bashian's fourteen point six million dollar rays led by Coinbase Ventures. Folks, see,

(14:28):
do you see what's happening here? Right? These are not
cryptonative firms. This Sony is a legacy tech firm. So
I hope you recognize why they are doing this, because
this technology is the future. It's like, once again, like
I said earlier, the second layer on top of the Internet. Right,
first it was we need to adopt the Internet. Clearly,

(14:49):
now we need to adopt blockchain technology. And this is
where you can take your bat set to which blockchains
are using and much more. Digital assets utilizing blockchain technologies
are incorporated into a diverse range of services and business models.
Sony Bank said in a statement in May, so they
are going all in and Web three financial services such

(15:11):
as wallets which store NFTs and crypto assets, and crypto
exchange providers are becoming increasingly important. It added, So bullish, guys,
so bullish. I know some of you are going to
come to me Tony the partialism reflect yet, well, you
got to understand market cycles. Positive news alone does not
drive markets. It is a combination of liquidity and sentiment, right,

(15:34):
now we are in the extreme fear sediment. We're in
a corrective phase, and eventually we're going to be in
a bullish phase. It's all cyclical, okay, moving ahead. Speaking
of stable coins, Federal Reserve Vice Chair Michelle Bowman says,
the bank regulators are working on crypto stable coin rules.
So in addition to the Clarity Act that's in the

(15:55):
Senate right now, which is expected to pass in early
twenty twenty six, the FED and the FDIC and all
these agencies they have to put out their own rules
as well. They have to give the clarity to these
companies and investors and much more. So this is a
positive sign. The more clarity we get right, the more

(16:16):
capital will come into the market. Here's another example. South
Korea pushes for draft stable cooin bill by December tenth deadline.
So we are seeing the global race here taking place
to have crypto established in these different countries and economies.
So South Korean lawmakers are pressing financial regulators to deliver

(16:36):
a draft stablecoin bill by a deadline set later this month,
as disagreements over the role of bangs continue to slow progress.
According to a Monday report by local news outlet Mail
business newspaper. South Korea's ruling parties sent a last minute
notice to financial regulators to submit a stable cooin regulatory
framework draft by December tenth. Kang Jun if I'm saying

(17:00):
that right, a lawmaker from the Democratic Party, said, if
the government bill does not come over within this deadline,
we will take a drive through legislation by the Secretary
of the Political Affairs Committee. If it is delivered in time,
he expects the bill will be discussed at the extraordinary
session of the National Assembly in January twenty twenty six.

(17:24):
The Financial Services Commission later issued a statement saying no
decision has been finalized regarding the formation of a consortium
of issuing a krew denominated stable coin. The regulator confirmed
that the stable coin regulation was discussed on Monday during
a ruling party government consultation and both sides agreed to

(17:44):
prepare the government bill as quickly as possible. Guys, we
know it's inevitable, So regardless of the dog and pony
show and whatever delays and this one and that, they
all have to get this done because any country that
is left behind that tries to ban crypto, they're writing
their economic death sentence. So again, they're all going to

(18:05):
be on here, the IMF, the BIS when every year
they meet at Davos. They all have already agreed that
this is the future. And we're seeing the dominos fall
globally now, speaking of they've all agreed. Blackrock here today
tweeted out a article that was wrote up in The

(18:26):
Economists where Larry Fink, the CEO, and Rob Goldstein of
Blackrock were interviewed to talk about tokenization. And let me
just read what Blackrock put out here. Let me read
the title of the article and the economists Larry Fink
and Rob Goldstein and how tokenization could transform finance. Ledgers

(18:46):
haven't been this exciting since the invention of the double
entry book keeping. Blackrock tweeted, tokenization is shaping the evolution
of global markets. In The Economists, Larry Fink and Rob
Goldstein discussed how tokenization can modernize market infrastructure, enhancing efficiency, transparency,
and access by connecting traditional and digital finance. And you

(19:10):
all know, if Blackrock wants it as the world's wealthiest
asset manager, it's going to happen. And we saw Larry
thing just two years ago say tokenization is the future
of finance. So again they're going to put it all
on the blockchain, and then you have the opportunity to
take the bets on the blockchains they're building on, whether
that be e Soalana Ondo whatever else, the XRP ledger, whatever.

(19:33):
So that's where the opportunity comes in. Now, when they
do tokenize some of these assets, sure you can be
early to that and grab those assets up and put
them into DeFi, put them to work or whatever it
may be, get the higher yield. There's that opportunity as well,
But I think the major, the meat and potatoes of
the opportunity here is grabbing the tokens of the blockchains
they're building on. Right. So we're still in the early

(19:55):
stages here. This is not even close to being completed, right,
So again there's more to go here in this market.
There's more upside. Eventually, you know, you there won't be
as much upside because the market's going to mature. There's
gonna be more liquidity, big participants, kind of like the
stock market. You still get your average eight to ten

(20:18):
percent whatever per year, but you know have the same
volatility and upside that crypto brings. Right, So eventually we
will get there, maybe by possibly after twenty thirty. But
you know, don't quote me on that. That's just my guestimate.
But guys, you know there there is a lot more
to go here. And I know that's a hard thing

(20:39):
to take into consideration right now with the way the
markets are, you know, performing right now, but this is
how markets operate. We don't control it, but we can
take our bets and have the macro view. So hope
you understand that even in the stock market, you know,
you win in the long term. If you're trying to
day trade and you're trying to do get rich quick

(21:00):
schemes or whatever, you know, I'm gonna buy in six
months later, I'm gonna be rich. Like that's the wrong approach,
right I've been at this since twenty sixteen. Yes, I've
made money, and I have my bags that you know,
I've bought in the twenty twenty two bear market and
I've been holding since guys. And there's some coins I've
been holding since like twenty sixteen, twenty seventeen, like light Coin,

(21:21):
I haven't it, some Etheroreum Classic. They're not big parts
of my portfolio. But the point is I held on
to them even though you know, at certain points they
were underwater. But I'm like, you know what, I don't
need the money right now. I'm just gonna let it
grow and I see more upside in this market. So anyway,
just sharing my thoughts and my approach. You don't have
to do what I'm doing. Of course, you should do

(21:42):
your own research, you know, make sure you take some
time study up, learn about every aspect of the market. Obviously,
you don't have to be a Wall Street expert. I'm
not a Wall Street expert, you know. But you want
to know enough to navigate and take your bets and
not be caught in the emotional rollercoaster of the market volatility, right,
and you've got to exercise a lot of patients, and

(22:03):
you got to have a lot of emotional control. That's
a big part of the you know, the buying of
the acid is easy, but the patience and the emotional
control is the hard part. Anyway, Guys, that's the news,
some very bullish news here, especially around Vanguard and Sony
and their stable coin. Let me know what you think.
Leave your thoughts and comments below, hit the thumbs up button.

(22:24):
Make sure you subscribe if you're not, and folks, be
sure to subscribe to my free email newsletter. It is
one hundred percent free. Link will be in the description.
Check out my book on Amazon. It's available in paperback,
in digital, and my course at mycrypto course dot com.
This is a comprehensive course that teaches you everything you
need to know about crypto, so go to mycrypto course

(22:44):
dot com. Folks, thank you for tuning in. I appreciate
you all, and I'll talk to you all later

All Episodes

Episode Transcript

Popular Podcasts

Dateline NBC

Are You A Charlotte?

Stuff You Should Know

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}HUGE! VANGUARD TO OFFER BITCOIN, XRP, ETHEREUM, & SOLANA ETFS!

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Dateline NBC

Are You A Charlotte?

Stuff You Should Know

All Episodes

HUGE! VANGUARD TO OFFER BITCOIN, XRP, ETHEREUM, & SOLANA ETFS!

Dateline NBC