PAYPAL'S HUGE CRYPTO EXPANSION & WILL FED JEROME POWELL PUMP MARKETS?

Episode Transcript
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Speaker 1 (00:05):
Hey, folks, 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 sit that subscribe button as
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or Apple, please leave a five star rating and review. Folks.
Nothing new to report on the price front. We're still

(00:25):
waiting for bitcoin to start moving upwards. Some people are
saying there are still further CME gaps that bitcoin could
go down and test. We'll see what happens. But regardless
of the micro movement here on the daily and hourly,
from a macro perspective, we're headed to new all time
highs and I believe we're going to see a rally
sooner than later. So the market's going to do his

(00:47):
thing here. We just got to be patient. But we
do have some macro factors that could have an impact
on the market in a positive way. For example, this
week we're going to hear from the Fed. Wednesday is
the FOMC hearing, and Jerome Powell is expected to talk
about rate cuts. Now he's gotten some pressure from President
Trump and the administration recently, and I posted on X today,

(01:09):
I believe that he's not going to cut rates. They're
not going to cut rates now, but he could signal
with some duvish statements that they will potentially cut in September.
And remember, markets are forwardlooking, so that could really spark
a rally because they know rates are coming. It's kind
of the bider rum or sell the news event. So
let's see what happens on Wednesday, folks. Obviously I don't

(01:30):
have a crystal ball, but this is my prediction. But
a lot of the prediction markets out there. People are
betting no cuts now, but they are betting cuts in September.
So once again, we just need to signal from Jerome
that they are going to cut in September, and then
things could get very interesting for the market. I love
what Lynn Alden share today, and that is the Treasury.

(01:50):
The US Treasury released their borring estimates one point six
trillion dollars in net new debt issuance over the next
two quarters. About five hundred billion of it is in
the Treasury General Account refill, so they're doing kind of
a pseudo quantitative easy Janet Yellen was doing this under Biden.
So it's the same thing over and over. Nothing stops

(02:13):
the money printer. This is why we're invested in assets,
and we're invested in the fastest horse, bitcoin and crypto
in the asset race. Right, Nothing moves like bitcoin and crypto,
not real estate, not the stock market, not precious metals,
and so on and so forth. But we are in
a macro bull market and all of these asset classes,
real estate much more is following global liquidity. That's why

(02:33):
you're seeing new all time highs for all of them.
It's across the board. Not a lot of people understand
what is happening. They may see, for example, real estate
going up, but yet home sales are down. The reason
being global liquidity is going up higher and all these
assets are getting priced in that higher liquidity, right, if
you understand the economics of what's happening here. But the

(02:54):
same thing continues. Governments will continue to debase currency and
print more money, and that's going to drive up global liquidity.
But however, they do go into their quantitative tightening cycles.
So these are things you have to be prepared for
and think about and follow the macro cycles, watch the FED.
This is why You gotta be careful with narratives because

(03:14):
people will come tell you bull market's never gonna end,
it's gonna keep going on forever. It doesn't go on forever.
And just look at this folks, Berkshire Hathaway, which is
Warren Buffett. They are in one of their largest cash
positions right now. Warren has done this before major bear
markets and huge market crashes, like he did it in
nineteen ninety nine before the dot com bubble he was

(03:37):
in a huge cash position. He did it in two
thousand and six ahead of the two thousand and eight
financial crisis. He did it in twenty twenty one ahead
of the twenty twenty two bear market. And now he's
in a very large cash position. So you can imagine
he's ready to buy the blood on the streets. It's
what I've been telling you guys. Bull markets don't last forever.

(03:59):
There's gonna be a a lot of people pushing narratives,
but they won't give you data. They just say no,
this time's different. ETFs legislation, I sew to zero two
to two, and whatever narratives they decide to come up with,
right that the market must continue on and on. But
history is not on their side. So folks, I hope
you appreciate all the different factors I share with you

(04:21):
guys to give you a full view of the market landscape.
It's important to look at all these things. It's why
we track global liquidity. And folks, if you look at
the Federal Reserves website where the M two look at that,
the chart's going parabolic and it's not only to FED,
but you got central banks around the world which are
injecting liquidity and that's driving global equity higher and higher. Now,

(04:43):
as we've been monitoring, global liquidity is topping out right
now around October early November. So this is where as
I said in yesterday's podcast, I believe the blow off
top will be around then. Plus you have cryptical legislation
will be passed, the Market Structure Bill, that's a huge narrative.
And you got the delay in the US China tariffs

(05:04):
and that has been pushed back by three months and
that puts US in October. So multiple factors here signaling
potentially the top could be in that zone, so let's
wait and see. And something else that's interesting. You're starting
to see big names hedge fund guys and much more
coming out starting to talk about investing in crypto. They
usually do this when the rallies are heating up and

(05:27):
starting to get close to the top. It brings in
more liquidity. So look at this, Ray Dahlio suggests putting
fifteen percent in bitcoin gold amid us debt doom loop.
So Ray has said this before, right, he's I remember
in twenty twenty, twenty twenty one. Now he's back again
in another bull market. Now he's not wrong. The only thing,
you know, when you put these narratives out there, people

(05:48):
don't who don't understand market cycles. You know, they could
be left holding the bag. But you know, he's not
wrong that you should diversify and hold these assets. He's
absolutely right, and I think it's it's smart to do that.
But the timing is also important. Now if you're let's say,
buying now, and you're like, you know, I don't care.
I'm going to look at this from an eight to
ten year standpoint, and you're fine, because the market will

(06:11):
correct and then it will continue higher as global liquidity
continues to rise. It's just the cyclical patterns, and you
have a very long term view, you're fine that the
dips don't even matter because your time horizon is so huge.
So very interesting ray coming out, and we got an

(06:31):
article here that Trump eyes moving US economy further into
crypto via mortgages and four to one case. So I
covered these news items over the past month or so,
but it seems that we could hear about it with
the White House Crypto report that's going to be released
this week. Bo Hines had tweeted out about that, and

(06:51):
we know that the Housing section of the government they
already stated they're going to look at crypto for giving
mortgages via Fani Made and Freddie Mack. So that's a
huge win. And then Trump has been talking about opening
up four one k's and retirement accounts to be able
to invest in crypto. I think that's coming, folks. So
you could see a lot of capital open up and

(07:14):
it will be really amazing to see this play out,
especially as crypto legislation has passed. So see the timing
of all these things, right, It's all culminating to this
massive bullish narrative and it will lead to a lot
of liquidity. But as always, bull markets don't last forever.
There will be a top and then things are going

(07:35):
to have to correct. Is just the cyclical patterns of markets.
So it's not about being emotional, it's about the facts
and what has played out historically now, folks on the
four to one K front, you can get ahead of
that by setting up a self directed IRA with I
Trust Capital. You know, I Trust Capital allows you to
get these tax exemptions and benefits by setting up an IRA,

(07:59):
and they'll also have a great custodial service called a
Premium Custody account where you can safely store your crypto
right behind self custody on a hardware wallet. I believe
this is one of the safest options. They're using top
tier bank custody. They're also using coinbases prime institutional custody,
which black Rock uses, so it's top tier security, right,

(08:22):
you don't have to worry about, well, who's the custodian
and all these things. So you can get the benefits
of an IRA. You can get the custody of your
crypto assets and they support eighty plus crypto assets. Folks.
You can buy, sell trade in your IRA account. So
I Trust Capital I have an account with them, and
they support once again, all the top assets, bitcoins, a
lot of XRP and you can buy and sell crypto

(08:44):
twenty four to seven. There's low costs and no monthly fee, so, folks,
a great, great option here if you want to go
the four to one k ira retirement route and get
the tax benefits because you know when you sell you're
going to get hit accoun gains. But there's certainly a
big option here if you want to go this route.
And folks, if you sign up with my link, you

(09:06):
can get one hundred dollars funding bonus and that is
I Trustcapital dot com slash Thinking Crypto. The link will
be in the description. Check them out, folks. It's a
great option, as I mentioned, and I'm a user of
the platform. Now, huge news around PayPal. We know PayPal
has gone all in on crypto. They offer the ability
to invest in crypto on both PayPal and Venmo and

(09:28):
Venmo zoned by PayPal of course. Well, they've expanded their
crypto payments for US merchants to cut cross border fees.
So the new feature supports over one hundred cryptocurrencies and
major crypto wallets, aiming to simplify international commerce for US merchants. Folks.
This is a massive on and off ramp because if
you can use your crypto to spend with many merchants,

(09:51):
that's really great. Now, I do believe the US government
has to update the tax laws so that you're not
hit with a capital gains type of transaction. I think
Senator Lomis has tried to introduce legislation to get this done,
where certain transactions below a certain number will be taxes them.
So they feature connects shoppers crypto wallets and allows them

(10:13):
to spend their digital assets while the merchant receive US dollars.
The company aims to offer cheaper, faster cross border payments
than traditional card payment methods. So you see the ramp
up here right and on their ex profile, you know
they shared some screenshots and you can connect your respective
accounts from Coinbase, Binance, Meta mass crack in phantom OKX. Huge,

(10:38):
huge on rampair folks, and you can do a lot
of really cool things. So I love it. This is bullish.
PayPal is a massive payments giant. They have their own
stable coin as well, p y USD, so they're all
in on crypto. Yet there's people out there who say
this is all a scam. They don't understand. They just
read headlines, they haven't taken the next step to educate

(10:58):
themselves instead of reading headlines. So folks, count yourself lucky
you're here early, as these big players are building the
infrastructure for this technology and asset class. Now look at
this Circle. They announced today they have formed a partnership
with FIS Global, one of the largest financial technology companies
in the world, to bring support for USDC stable coin

(11:21):
and payments using Circle platforms to their large franchise of
financial institutions and banks. Another massive infrastructure on ramp here, folks,
and look who it's for, not necessarily retail, but financial
institutions and banks. So banks are going to be using
crypto in many different ways. Some are going to launch
their own stable coins. We've heard about that. So it's

(11:42):
really bullish to see news like this, folks, really really big.
Now Backed, which is owned by the parent company of
the New York Stock Exchange, the Intercontinental Exchange, they are
selling their loyalty business and will be pivoting to pure
play crypto offers shares as well. So back you know,
they were a powerhouse building crypto. In late twenty eighteen,

(12:05):
they were partnered with Starbucks and much more, but due
to the regulatory uncertainty the business was facing. You know,
it was Operation Choke point two point I was Gensler
and all these guys attacking crypto. It really slowed things
down for them. Plus I think the wife of the
owner of the New York Stock Exchange or the Intercontinential
Exchange had some political things going on, So it really

(12:28):
hurt the business overall. And you know, they it was
so promising because once again they were partnering with Microsoft
and Starbucks and much more. But now that it looks
like they're trying to find their way. But you know,
other players have come in and they've built and you know,
reapfrog them essentially. So BacT has sold its loyalty business
for eleven million dollars. The firm also announced public offering

(12:52):
of Class A shares and or pre funded warrant to
buy bitcoin and fund working capital. So let's see what
they come up with. I don't know how well they're
going to do, but they had it. They were off
to a great start and they lost a ton of momentum,
and now it looks like the business is struggling and
they're trying to find a way. But let's see, maybe
they're able to make a comeback, folks. So Trump's Truth

(13:14):
Social Bitcoin ETF among multiple crypto funds delayed by the SEC.
So good to see the SEC is not playing favorites here.
They've delayed grade scale bit wise, even Trump's Truth Social
Bitcoin ETF and much more. I'm not sure what the
delay is. I personally think with regards to all coin ETFs,
the SEC is waiting for Congress to pass the market

(13:37):
structure crypto legislation. But we'll see what they do here.
You know, maybe they approve it in September. I don't know,
you know, it's it's hard to tell what's happening. I'm
trying to get an interview with SEC Chairman Paul Atkins
and see what we can discuss. But at least once again,
they're not playing favorites. They's just delaying everything. And it
could be, you know, they're waiting for September. Maybe cool

(14:00):
sure to when the market Structure bill has passed into law. Folks.
That's the news. Let me know what you think. Leave
your thoughts and comments below hit the thumbs up button.
A great way you can support me in the podcast
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check out my course at Mycrypto course dot com. This

(14:21):
is a comprehensive course that teaches you every aspect of crypto.
Knowledge is power expand your knowledge to learn what is
happening with this technology and all the different facets of it.
So once again to go to Mycrypto course dot com.
The link will be in the 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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