SEC ALLOWING ALTCOINS IN ETFS & BLACKROCK'S NEW BITCOIN YIELD ETF!

Episode Transcript
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Speaker 1 (00:04):
Hey, folks, welcome into the Thinking Crypto podcast. I'm your host,
Tony Edward on your weight 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, Who're going to start with the
price of bitcoin, because currently it is under one hundred
and ten thousand dollars. So if you look at the

(00:25):
daily chart, the RSI is near that over soul zone.
That is what we want to see. I know some
of you are going to be like, what, Tony, are
you crazy? But it's all cyclical. Like I've been saying, right,
the market's pump the bulls getting controlled. They pump the
market to the overbought zone. Then the market corrects and
it goes to the over soul zone. I've been telling
you guys for the past two to three weeks that

(00:47):
the bears are in control based on the mac D
on the weekly chart. These are signals you can go
pull up on Trading View, you can research it, you
can educate yourself about it, so you know what the
hell I'm talking about here. The RSI and to MACD.
Obviously there are other signals you want to look at,
but from a simplicity standpoint, those are easy things to
look at to get an idea of where we're at

(01:08):
in the cycle. And we do continue to see higher
highs and higher lows from the macro. Global liquidity continues
to be a leading indicator in addition to other items.
And look, like I've been telling you guys, the bears
are in control, So let them do their thing, send
the price to the over souled zone and we will
bottom out and start reversing. So there's also the seasonality

(01:29):
aspect at play here. September is usually not a great month.
Now we want to validate that with the information. But
remember this whole cycle has been a bit different this
year because the tariff crash pushed everything back. When have
you seen bitcoin rally to new highs in August? It's
usually sell and may go away. But Bitcoin's set a

(01:49):
new high of one hundred and twenty four thousand dollars.
That's never happened in the history. Right, Usually this summer
it's boring. There's usually the big rally in Q two
and then come June boom, big crash. Boring sideways summer chop.
Then come q q l Q three and then into
Q four. You see the fireworks. Well, here we're experiencing

(02:11):
a healthy correction despite what people are feeling. People are
getting bored, scared, frustrated. I see the comments right, the
depression is starting to set in. But if they only
understood they're playing out the market cycles because they don't
understand the patterns and the chart data and so forth,
and the whales and the market makers. That's how they want.

Speaker 2 (02:33):
You to feel.

Speaker 1 (02:34):
But the macro thesis is still in play here, So
patience is the key. Bitcoin's going to bottom out soon again.
It's approaching that over soul zone and it can get
into the extreme oversold zone like we saw in February
out of the TARFF crash, and then we rally out
of there. So it doesn't mean it has to get
to the extreme oversol zone, but that would actually be

(02:55):
very good because it prepares us for a face melting
rally in QO. If you know your metrics, if you
know the charts, you know what I'm talking about, right,
If you've been here before and you've seen how the
market works, so that is what's at play here, and
here Bob lucas great analyst. He said, here we are
now five weeks later, Bitcoin looking to print it's weekly

(03:18):
cycle low holding up. Okay, in my opinion, over a
one hundred and eighteen thousand dollars confirms a new cycle
until then bears slash downside remain in control. So exactly
what I've been saying for the past two weeks, right
with regards to one hundred and eighteen thousand dollars, He's saying,
once we start coming out of this hole, once we
cross one hundred and eighteen thousand, we're back in the

(03:41):
driver's seed from a bull market perspective. And the reason
why he's saying that is because markets can fake us out.
It doesn't go in a straight line up or down right,
So that's why people have been getting really impatient because
they expected the downside. We were seeing in let's say
late August into early September that oh, that might be
in the bottom because the market started rallying up a bit,

(04:02):
and I was like, hey, that's a bull trap and
then boom, here's your flush out.

Speaker 2 (04:07):
Right.

Speaker 1 (04:07):
I was saying a flush out before to move up.
And of course you get people who are emotional they
need to know a certainty. They need to know the
lottery winning lottery numbers, right, But that's not how you invest,
and we have to update our thesis and timeline based
on the fact. So once again, be educated, not emotional.
Something that's interesting that came out from a Secretary of
the Treasury, Scott Dissent. He said today, I think we

(04:30):
can get the stock market up, and I tweeted out
that means they're either going to inject more liquidity from
the Treasury General Account or they're going to go to
some form a chui. We'll have to wait and see,
but it's the same playbook, folks. They can't let the
stock market and real estate and crypto all that go down.
They can't let the collateral collapse because then the economy

(04:51):
will collapse. We know how this house of cards is
set up, and they have to keep printing money. So
this is where you have to have the macro thesis
and understand the fundamental and thesis here that the Fiat
system is a debt based system and that's why they
have to keep printing, and of course the asset prices
are correlated to that. As they continue to debase and
global liquidity goes up, the asset prices keep moving up.

(05:13):
So that's the name of the game. And if you
don't get that, you have to study a bit more.
Educate yourself because it will help you not only in
investing with crypto, but stocks, markets, and precious metals. So
all of these things have been in a macro bullmarket.
Go look at the chart, zoom out and you'll see
they are all moving to higher highs and we're seeing
a rotation of liquidity from these different assets. So the

(05:35):
data does not lie. It's all there. Go to TradingView
dot com. I implore you to do that so that
you can have the foundational knowledge. You don't need to
be a Wall Street expert analyst, that's not what we're
talking about here, but you need that foundational knowledge to
understand what's happening in these markets and how the cycles
play out, in the cyclical patterns both from the micro

(05:57):
and the macro playing out here.

Speaker 2 (05:59):
Folks, be patient. Everything's moving ahead. Now.

Speaker 1 (06:03):
Big news out of the SEC. They have approved another
index ETF. So the SEC has approved hashtecks NASDAK Crypto
Index US ETF to operate under new generic listing standards.
The fund is now allowed to hold crypto assets beyond Bitcoin,
etherorem including XRP, Salona, and XLM. What did we see
Just last week the SEC approved the Grayscale Digital Large

(06:27):
Cap Fund, which includes Bitcoin, e Theorem, Solana, XARP, and Cardano.
So you can see the SEC is expanding their horizons
here approving these other all coins. And if you caught
my interview with gray Scales head of Research Zach pandel
I published that this morning. We went through the details
and what has changed and folks, in my interview with

(06:47):
Commissioner Hester Purse, which will be published next week, I
interviewed her yesterday. The big takeaway for me is that
she said, with the new guidelines they put out last week,
there's no longer the requirement of having futures markets to
get spot ETFs approved. I've been talking about it right
for a while that XRP and Salona had the biggest
chances of getting approved because they had their futures markets

(07:09):
in place. Well, with this new guidance, h BAR, Cardano,
Avax and the others can get approved, folks. Obviously that
they meet the normal standards and requirements right, but there's
no need for futures This opens up a world of
opportunity here for all coins, ETFs and basket ets. As
we see the SEC's approving them, folks, they're including other coins.

(07:31):
So very bullish and the timing just ahead of Q
four right, and I believe we're going to get the
individual ETF approvals very soon from what we're seeing here.
And also you know in my interview with Commissioner Purse yesterday.
So folks, bullish times are head. Be patient. I can't
stress that enough. You have to be patient. You got

(07:51):
to control your emotions right, and you've got to make
sure you're looking at data, not your gut, not emotions.
Not the market's up to day. The market is down today.
No where are we from the macro?

Speaker 2 (08:03):
Where have we been? Where are we right now? Where
we're going?

Speaker 1 (08:05):
So, folks, bullish times are ahead now. Quick word from
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Speaker 2 (08:34):
Now.

Speaker 1 (08:34):
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(08:57):
partner with a lot of the realtor association and much
more so. Propy's doing some great things. So if you'd
like to learn more about Propy, check out the link
in the description. All Right, we got more ETF news.
Blackrock registered the name I Share as Bitcoin Premium ETF
filing coming soon. This is a covered call bitcoin strategy

(09:17):
in order to give bitcoin some yield. This will be
a nineteen thirty three act spot product sequel to the
eighty seven billion dollar I bit So Blackrock expanding their
suite of products around bitcoin. This is interesting. This spot
ETF has been in extreme success I mean, the fastest
growing ETF in the history of ETFs, and now they're

(09:38):
creating a separate product would yield. So if you know
BlackRock's doing it, you know what's coming, folks. This is
why I keep telling you be patient. We're not the
bull market's not over you. So Eric balchunas ETF analyst
at Bloomberg says, given all the other coins that are
to be ETF eized, it's notable Blackrock is going to
another bitcoin product. In my opinion, it signifies they are

(10:02):
going to build around Bitcoin and ether and lay off
the rest, at least for now. This makes the horse
race for those other coins much more wide open, no
secretariat to contend with. On the flip side, all other
bigcoin covered call ETFs currently on the market or in
registration just shit their pants.

Speaker 2 (10:22):
Yeah, he's right there.

Speaker 1 (10:24):
So this is a big move by a black Rock,
and you know Larry Fink, he's all in.

Speaker 2 (10:28):
They're doing a lot here.

Speaker 1 (10:30):
I think they're going to file for the other spot ETFs.
Maybe not right away, but they will. But they are
so successful, they're making so much money. They've got the
largest bigcoin ETF. I understand. While there's no rush to go,
you know, grab up a whole bunch of other ETFs.
But look, there's going to be demand from retail for
these other products. So I don't think black Rock is
against making money here. Clearly they are for making money,

(10:53):
and I think they're gonna want to diversify, but very
big move here with this yield ETF. Now, you know,
we talk a lot about digital acid treasury companies and
that I've been saying, Look, I like the trend. I
like what companies are doing. I like that certain companies
are taking some cash and they're balance sheet and diversifying

(11:13):
it to crypto assets.

Speaker 2 (11:14):
That's fine.

Speaker 1 (11:15):
But the flip side to that is a lot of
these companies are raising capital, essentially leveraging themselves to buy
crypton And I said, that's dangerous, right when they have
so much leverage, and you never know, some of these
folks are going to blow up in the bear market.
It's not that I want that to happen or you know,
I'm rooting for that. I'm just saying, we've seen this
story before. Too much leverage, right, But look at this,

(11:36):
the SEC and FINRA are going after some of these
digital acid treasury companies.

Speaker 2 (11:40):
They're investigating them. So here's the headline, Unusual.

Speaker 1 (11:43):
Trading ahead of crypto treasury deals draws scrutiny from US regulators.
The SEC in Finra reached out to companies who shares
move sharply before they announce plants to buy bitcoin and
other digital assets. So probably some shady stuff happening, and
we'll see who gets caught here and what the penalty
is going to be. But it's gonna get messy. And

(12:04):
then this is the thing when you have so many
people jumping in and everybody's trying to outpace each other,
and he probably do some you know, shady stuff they're
not supposed to, trying to drive the stock price up.
But this is where, again, guys, your writing's on the
wall here right that we have to make sure if
we are planning to take profits, we do it in
the right time. Obviously you got to do it in

(12:26):
phases because no one can call the exact top. But
there will be a bear market and there will be
blow up. So just something to keep in mind, all right,
Moving ahead, Google takes a five point four percent stake
in bitcoin mining company Cipher Mining in a three billion
dollars deal. Wait a minute, some people said bitcoin and
cryptos a scam, It's a fad, It's only used for

(12:47):
money on it.

Speaker 2 (12:47):
Why would Google?

Speaker 1 (12:48):
Why why would all the banks and stock exchanges be
investing in this? This is why you need to be educated, folks, Right,
not just read headlines, but go into the details of
what who's investing, what are they build and much more.
Look at SEC filings and all of that.

Speaker 2 (13:03):
Right.

Speaker 1 (13:03):
So, Google has acquired a five point four percent steak
in bitcoin mining company Cipher Mining as part of a
three billion dollar, multi year data center deal with artificial
intelligence data center company fluid Stack. According to a Thursday announcement,
Google will receive its stake in cipher Mining in exchange
for guaranteeing one point four billion dollars of fluid stacks

(13:25):
obligations in the contract with cipher This plays a part
of a larger three billion dollar fluid Stack deal with
Cipher to lease computing power for ten years. The news
follows another similar deal between Google and fluid Stack. In
late August, the internet search Behemit became the largest shareholder
of bitcoin minor Terra Wolf by acquiring fourteen percent of

(13:47):
the company in exchange for guaranteeing obligations in a separate
fluid stack deal. You see what's happening here. There are
some key chess pieces moving here on the board and
some of the biggest names, folks. And this is why
I'm telling you, man, I'm bullish on this bullmarket cycle,
but also the future one's twenty twenty eight and much

(14:07):
more so. It's it's exciting times. It's amazing to see
the dominoes that are falling here. Now look at this.
Spark integrates PayPal USD into its stable coin lending markets,
so PayPal stable cooin pyus D, which is built on
etherorem and multiple blockchains. PayPal's been making a huge move
and trying to get more adoption and distribution of their

(14:30):
stable coin, and rightfully so, the genius act has been
passing its stable coin. The staplecoin race is on. So
PayPal has partnered with decentralized finance protocols Spark to expand
liquidity for its US dollar stable coin p y us D.
PayPal stable coin has attracted more than one hundred and
thirty five million dollars in deposits since it's August listing

(14:51):
on Sparklan a lending market focused on stable coins, according.

Speaker 2 (14:54):
To a Thursday statement.

Speaker 1 (14:57):
So Sparklin was launched in twenty twenty three out of
the Maker Dow ecosystem and later integrated into Maker's successor
entity Sky. It runs the spark liquidity layer, which is
backed by more than eight billion dollars in stable coin
reserves according to their protocol. So, folks, I'm gonna try
to get someone back from PayPal. I think I mentioned
this in another podcast to talk about this. I had

(15:20):
interviewed Edwin Aoki last year where we talked about PayPal
and their moves.

Speaker 2 (15:24):
So I'll try to get you guys the updates. So
stay tuned.

Speaker 1 (15:28):
I think it'll be a good interview because PayPal is
payment giant. They're doing a lot with crypto of course.
Now this is a great example of tokenization. Sharplink to
tokenize s bet stock on Etherorem with super State. So
the tokenization of different assets, especially stocks, is heating up.
You got a lot of competition here. So Sharplink Gaming,

(15:50):
one of the world's largest public holders of Ether, announced
plans to tokenize its common stock on the Etherorem blockchain.
Sharplink has partnered with the financial technology firms super State,
to tokenize its NASDAQ listed stock Aspet through Superstate's open
bell tookenization platform. The company set Thursday. Here's a quote.
Tokenizing Sharplink's equity directly on Etheroreum is far more than

(16:12):
a technological achievement. It is a statement about where we
believe the future of the global markets are headed. Sharplink
co CEO Joseph Calomb said, so very bullish news, folks.
As I've been telling you guys for a long time. Right,
the markets, the economies, and the governments will be running

(16:34):
on blockchain rails. And here is another example. Nine European
banks join forces to issue MICA compliant euro stable coins.
Nine European banks. See what's happening. The future is going
to be more digital, not less digital. You will have
a wallet that's going to include your digital identity, your

(16:54):
stable coins, your crypto assets, and much more.

Speaker 2 (16:56):
So.

Speaker 1 (16:57):
Let me give you the details here, guys. The banking
involved are ing Banka, Sella, KBC, Danske Bank, Deca Bank, Uniticredit,
seb Kaisa Bank, if I'm saying that right, and Rifusen
Bank International. So the banks, the stock exchanges, the payment companies,
the credit card companies are all here building with the technology,

(17:19):
offering up crypto trading services, custody and much more. This
is incredible. So the nine bank back digital payment Instrument
leveraging blockchain technology aims to become a trusted European payment
standard INDIE digital ecosystem. According to a press release on Thursday.
Notice that INSA using swift leveraging blockchain technology. So the naysayers,

(17:43):
the floodsters, the people still on the fence, wake up,
wake that hell up and see what's happening here. This
is incredible and we're seeing this across the globe right
and the United States, of course, is trying to push
the US dollar stable coin because there's a geopolitical competition
at hand here with the US dollars the world reserve currency.
We've seen China and other countries come together try to

(18:05):
bypass the US dollar. But the US just made a
major chess move by passing the Genius Act. And here's
an example. China opens Shanghai Digital Yuan Hub for cross
border blockchain services. My goodness, folks, I know I've said
this before. Share this news with the skeptics, the blockchain skeptics,
the cryptoskeptics, and have them tell you why world's superpowers

(18:29):
are doing this, right, they're having fun or they're playing
around here. No, no, they're not playing around. This is
the future. So China's Central Bank has opened up a
new operations center for Digital Yuan in Shanghai. The center
we'll oversee platforms for cross border payments, blockchain services, and
digital assets as part of the digital Yuan's ongoing development.

(18:52):
State run Xinhua news agency at Parry Butcherdt reported the
news on Thursday, citing a statement from the People's of China.
According to the news reports, the center is designed to
promote the digital uantes role in global finance. With the launch,
officials unveiled a cross border payments platform, a blockchain service platform,

(19:14):
and a digital asset platform. Again not swift, not your
old trad fire rails, no, no, no blockchain rails. So
again the future economy, markets and governments will run on
blockchain rails. Folks, Voting will be on the blockchain, your
identity will be on the blockchain, and much more.

Speaker 2 (19:35):
That's what's coming.

Speaker 1 (19:37):
I hope you see what is taking place here, And folks,
I'll remind you of my prediction. I've said that Hong
Kong under the control of China, has been a testing
ground for crypto and digital assets. We know ETFs are
alive in Hong Kong. You can do anything you want
in crypto in Hong Kong. In China you can't. It's
very restricted, I believe, because you know, talked about the

(20:00):
currency issue China's had. They don't want the currency leaving
the country. So what's the best option to give people
access to crypto? Open up the ETFs because the ets
just stay there. It's in a rapper, it's under the
their version of the SEC. So I believe China is
going to open up crypto treating via ETFs to their
near citizens in the mainland, and that's going to bring

(20:23):
a ton of capital.

Speaker 2 (20:24):
So book it. I don't know when, but I think
it's going to be soon.

Speaker 1 (20:30):
China realizes that the United States is now moving at
a rapid place. We got stable coin legislation in place,
we got tons of ets from Wall Street, We got
the Market Structure Bill which is expected to be pass
this Q four. To get ready, folks, ballmarket's not over.
Be patient, don't be emotional, be educated. If you appreciate

(20:51):
this content, folks, please sign up with my free email newsletter.
It is one hundred percent free. Check out the link
in the description. It's available on Substack and folks, check
out my book on Amazon. It is available in paperback
and digital. And my course at Mycrypto course dot com.
This is a comprehensive course that teaches you everything about crypto.
If you want to expand your knowledge about the acid

(21:11):
class and the technology and what the hell is happening
with all the moving parts and components, this is the
course where you packed with tons of value. So go
to Mycrypto course dot com.

Speaker 2 (21:20):
Folks, thank you.

Speaker 1 (21:21):
So much for watching and listening. I appreciate you all
and I'll talk to you all later.

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