Episode Transcript
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Speaker 1 (00:00):
The sec versus Ripple case is officially over, with both
parties dropping their appeals and President Trump signs an executive
order opening up trillions of dollars in four to one
k to be invested in crypto. I will give you
all the details. Let's get into it. Hey, folks, welcome
(00:22):
into the Thinking Crypto podcast.
Speaker 2 (00:24):
I'm your host, Tony Edward. On your way in.
Speaker 1 (00:26):
Please hit that subscribe button as well as a thumbsup
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, let's look at
the charts real quick, because we saw some very bullish
activity today with bitcoin moving up over one hundred and
seventeen thousand dollars. Once again, we're seeing some signs of
(00:47):
strength here and it's looking really good.
Speaker 2 (00:50):
Now.
Speaker 1 (00:50):
I want to see more confirmation. I do believe this
month we're going to see a rally to new highs
for bitcoin and all coins. So I've been on record
saying that and I think we're seeing the start of that.
But it's going to be a stare step out of this.
Speaker 2 (01:03):
Right.
Speaker 1 (01:03):
Markets don't move in straight lines, and you're going to
have retests and volatility, you got to expect volatility. But
here's the good things we're seeing. On the daily chart.
The RSI is moving away from the oversoul zone. The
mac D, which was under control of the bulls right
because bulls had momentum, is starting to diminish with the
red candles fading and it looks like it's ready to
(01:23):
flip green. So that's looking really great. On the weekly chart,
the higher timeframe, the mac D is still in the
green and the bulls are fighting to defend a So
I think this is the start, but again, markets can
fake us out before you know breaking out upwards, so
let's see how this plays out. But this is a
very positive sign now with the sec versus ripple case
(01:45):
being over, XRP saw a big pump today. It's currently
trading at three dollars and thirty cents, and similar to Bitcoin,
it's mac D on the daily is about to flip
green again where bulls will be in control, and it's
RSIs moving away from the over soul zone. So things
are working out perfectly here based on what we've been
discussing for weeks now with the market correcting and if
(02:08):
you've been seeing a lot of Bitcoin maxis spreading fun
and talking a lot of negative things about XRP lately.
Here's why the XRP bitcoin chart is looking very bullish,
with XRP gaining a lot of strength against bitcoin and
there's still room for it to run. Credible Crypto shared
to chart here saying game, set and match. So this
is why you see a lot of Bitcoin Maxi's right now.
(02:30):
They are having headaches and nightmares. The case is wrapped up,
XRPS getting a lot of liquidity. They are not having fun.
But folks, this is why you don't get emotional about markets.
This is why you don't do tribalism, and you just
go by facts, go by the market principles, and you
don't invest with your emotions because markets will wreck you.
(02:52):
And you want to be educated, right, not go it
with nonsense and conspiracy theories and over speculation and so forth.
That's why I tried to keep you guys grounded with
the data and the charts and the macro and much
more so, folks, the bullmarket thesis still in play here,
and I believe we're going to have a very good August.
(03:12):
So overall, the market's looking good and Let's be patient, right,
Patients is the key here. Let the market do its
thing and then we're going to see that strength and
that parabolic move and we're going to hit new highs
and I think a lot of you are going to
be very happy.
Speaker 2 (03:26):
All right.
Speaker 1 (03:26):
So, as mentioned earlier, the SEC versus Ripple case is
officially over. Both parties have filed a joint dismissal of
the appeals, so sign seal delivered, It is done. This
is very bullish for XRP. The runway is completely clear.
XRP has been set free. And again it's why the
Bitcoin maxi's are panicking because a lot of liquidity is
(03:48):
starting to go to XRP. And I'm not saying that
Bitcoin and Ether and the other all coins are not
going to do while they are. But what I've been
telling you guys, similar to Solana in twenty twenty three
and early twenty twenty four, XRP took the mantle as
that lead crypto acid getting a lot of liquidity. Now
Eth has been rallying very strong as well, so you
(04:09):
know it could be the two of them are getting
the lion's share of the liquidity here for the all coins.
Speaker 2 (04:13):
But eventually that's going to rotate through the market.
Speaker 1 (04:15):
But can deny that the narrative is very strong here
for XRP and the liquidity is coming in, so very
bullish news. I anticipate by the way that this being
resolved means that the SEC is going to prove the
XRP S BODYTFS, the futures is already live, there's demand.
The CM has been reporting that there has been great
(04:35):
volume behind the XRP futures and that's what the SEC
wants to see. So this is very, very good. And
I also anticipate that black rocks going to file for
their XRP S body tf and as along with a
Solana very soon, because there's no reason for them not to.
And as with my interview with nature Racy, if you
haven't caught that, check it out, we discussed this that
(04:57):
black rocks in the business are making money and they
are going to file for it. And I think this
was kind of the final hurdle, if you want to
say call it that now. Stuart Alderadi, chief legal officer
at Ripple, weighed in on this news, thaying following the
Commission's vote today, the SEC and Ripple formally filed directly
with the Second Circuit to dismiss their appeals. And also
(05:18):
Ripple announced some massive news. They are acquiring Rail Financial.
So rail Financial is the infrastructure for fast, reliable, borderless payments,
combining traditional finance with stable coin to power global money movement.
They said, this strengthens Ripple's leadership in crypto infrastructure and
stable coin payments by adding Rail's robust back office and
(05:39):
virtual account capabilities to our global payments network. So this
is huge news, folks, in addition to the SEC dropping
their appeal and Ripple as well. So Ripple's moving ahead.
The haters are crying right now, they're having nightmares, but
the free market will play out. I'm a big believer
in the free market and I'm diversified. I hohole big eth,
(06:00):
XRP and other coins. So let the best company project
win here. So huge, huge news now moving ahead. This
is big news. President Trump officially signs an executive order
opening the twelve point five trillion dollar four to one
K retirement market to crypto investments. So we heard news
of this recently, going back to the weeks actually, and
(06:23):
it's officially done.
Speaker 2 (06:25):
So this is massive.
Speaker 1 (06:26):
It will allow a lot of capital, trillions of dollars
to come into crypto. So, as I've been saying, be patient,
the market's going to rally, a lot of investments are
going to come into crypto, and we got ETFs around
the corner. Things are lining up beautifully here. So this
is very very bullish now. David Sachs, White House Crypto Zar,
(06:47):
gave some details on what Trump did with this four
to one K executive order, but also a banking executive order.
So David says, President Trump signed two important executive orders
relevant to the crypto community today. First, guaranteeing fear banking
for all Americans prevents the denial of banking services based
(07:08):
on political beliefs, religious beliefs, or lawful business practices. This
means unfair censorship campaigns like the Thebanking of Conservatives or
Operation Choke point two point zero can never happen again.
Number two, democratizing access to alternative assets for four one
K investors will allow more than ninety million American workers
(07:31):
whose retirement accounts are currently limited to access the same
range of alternative assets, including digital assets that are available
to government workers for better returns and diversification, folks. So bullish,
so so bullish. More capital is going to be coming in.
This is really monumental. Emin Guncier, who's the founder of
(07:54):
the Avalanche blockchain, said, this is a colossal unlock for
capital allocation in our industry. Today marks a historic day
for cryptocurrency policy in the US. Spot On now, folks,
I Trust Capital allows you to get ahead of this
where you can invest in crypto assets. You can set
up a self directed IRA and roll over your existing
(08:18):
IRA or your four to one K onto this platform
and you can trade eighty plus cryptocurrencies. And obviously there's
huge tax benefits by doing this right, So this is
a great alternative versus using a traditional exchange, and you
can trade twenty four to seven. There's low cost, no
monthly fee, and obviously the tax advantagies are great. But
they also offer what's called a premium custody account, which
(08:41):
I believe is second to self custody with a hardware
wallet because they are using bank tiered custodial services. They
use coinbases institutional prime custody, which Blackrock and some of
the big institutions use, so it's ensured. It's obviously top
tier and you don't have to worry about that being
hacked and it's all covered obviously. So this is a great,
(09:05):
great option for you to invest in crypto custody your
crypto and I have an account with them, and folks,
if you sign up with my Link, you can get
one hundred dollars funding bonus. So check out I Trust Capital.
This is a great alternative with huge tax benefits and
great custodial security services. The link will be in a description.
Now we get some very big news from chain Link.
(09:26):
Chain Link is launching a reserve. They said, we're excited
to announce the launch of the chain Link Reserve, a
new upgrade centered on the creation of a strategic on
chain reserve of link tokens. Many of you know I
have Link in my portfolio. I'm very bullish on Link.
Chain Link is being used by many other blockchains, Their
oracles and price feeds are being used by many folks
(09:48):
in the industry, so they are really building a key infrastructure.
So they said, the chain Link Reserve is designed to
support the long term growth and sustainability of the chain
Link network by accumulating link tokens using off chain revenue
from large enterprises that are adopting the chain link standard
and from on chain service usage. The chain Link Reserve
(10:10):
is being built by using payment abstraction to convert off
chain and on chain revenue into link using a combination
of chain link services and decentralized exchange infrastructure. They said
demand for chain link has already created hundreds of millions
of dollars in revenue, substantially from large enterprises that have
paid off chain for access to the chain link platform.
(10:33):
So this is pretty awesome. I love that they're doing
this and very very bullish. If you're a link holder,
now look at this. This is very bullish. Nasdaq listed
Fundamental Global files to raise up to five billion dollars
with the majority of it of its proceeds will be
used to buy Ether for its treasury strategy.
Speaker 2 (10:52):
So we're seeing.
Speaker 1 (10:53):
More publicly listed companies looking to develop a crypto acid strategy.
Some are going with bitcoin ea Salona excerpt, Some are
looking to do a basket and this is a lot
of money they're looking to raise. I mean, this is incredible,
and eth offers a great advantage because it has the
staking component built in plus DeFi, so you can earn
a lot from a yield standpoint, even in a market
(11:15):
downturn or a bear market. So ETH I think will
perform really well, and I think there's going to be
a lot of buying of ETH for a treasury strategy.
And speaking of Ether the treasury strategy, Joe Lubin backed
etheroum treasury firm Sharpening to sell an additional two hundred
million dollars worth of stock to buy ETH, so they're
(11:35):
loading up even more. That they are already the largest
holder of ETH as far as a publicly traded company,
So it's incredible what's happening. This is so bullish. Here's
another example. Nasdak listed bits and Sensor treasury company oblong
stakes eight million dollars of the token so Bitsensor their
token is called Tao. I personally need to hold it
(11:57):
in my portfolio, but it's just amazing how it's going
beyond the top assets. I mean, Tao is not like
a top ten, top fifteen asset, so it's pretty amazing
that these publicly traded companies are doing this. The company
pivoted to a decentralized AI treasury strategy with a focus
on stockpiling Tao in June. Very very bullish, and the
(12:20):
fact that they're staking is awesome as well. Now look
at this, this is great adoption news. US convenience store
chain Sheets is offering fifty percent off purchases when paing
with crypto daily from three to seven pm at all
seven hundred and fifty plus gas station locations nationwide. This
is adoption folks. You're going to see people being able
(12:42):
to get paid in cryptos, spend crypto. And we've been
talking about more on rams being built and obviously a
huge one that President Trump enabled today with four to
one k's being able to invest in the crypto asset class.
Speaker 2 (12:54):
So very very bullish.
Speaker 1 (12:55):
Final news item here, Framework Ventures leads a nine million
dollars round for Web three powered AI project Pearl. So
Pearl is attempting to improve AI training using blockchain attributions
and cryptoeconomic incentives for high quality human feedback. So a
couple of things here. We're seeing innovation with AI and blockchain.
(13:18):
These two technologies certainly have a symbiotic relationship, they benefit
each other, and I think we're going to see a
lot more of this. And the second money is still
out there for you to raise as an entrepreneur and innovator,
and now's the time I've often said, if you got
an idea, put a pitch deck together, go to these
hedge funds and vcs and you can get a funding
(13:40):
round man to build if you had a good idea,
obviously to build a cool project. So signs of a
bull market, signs of this asset class maturing and people
being being bullish that they're betting, they're investing, putting a
lot of capital in it. It's why, you know, to
tradify institutions. Many of them were very set and lobbied
(14:01):
Elizabeth Warren and Gary Genser to attack the industry because
a lot of capital was leaving the traditional investments and
going to crypto companies and infrastructure companies and token projects
and much more.
Speaker 2 (14:12):
So. Very bullish news, folks. Things are looking really great.
Speaker 1 (14:16):
I hope you are viewing this market from the macro
perspective because price volatility will happen, and if you zoom
out and you're not emotional about the market, you will.
Speaker 2 (14:24):
See where we are headed.
Speaker 1 (14:26):
And that is too higher prices and to uplo off
top later this year, in my opinion, and it's going
to get euphoric, it's going to get greedy. Make sure
you got a profit taking plan if you are planning
to take profits, because we want to walk away with
money in our pockets from this bull market. So folks,
let me know what you think about this news. Leave
(14:46):
your thoughts and comments below. A great way you can
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at mind Crypto course dot com. This is a comprehensive
course that teaches you every aspect of crypto folks. It
(15:07):
is packed with tons of values to check it out.
All the links of being a description. Folks, Thank you
so much for watching and listening. I appreciate you all
and I'll talk to you all later