THE CRYPTO MARKET CORRECTION CONTINUES! JIM CRAMER SIGNALS HUGE BULL RUN COMING!

Episode Transcript
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Speaker 1 (00:05):
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 sit that subscribe button as
well as the 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,
we of course have to talk about the price because

(00:26):
Bitcoin today went below one hundred and thirteen thousand dollars.
But this should come as no surprise because justin yesterday's podcast,
I highlighted that potentially Bitcoin could go down to one
hundred and nine thousand dollars, even one hundred and six
thousand dollars, and the bull market support will still be intact,
but doesn't mean it has to go down there. And

(00:47):
what we're seeing is that all of the CMEME gaps
have been closed for bitcoins, so that's a good sign.
And the Bitcoin Fear and Greed Index is currently at
a neutral. Now we could go into fear, but I
don't think it necessarily has to, especially as Bitcoin on
the daily it's RSI is near the over soul zone,
or I should say not too far away from it.
It's about like at A thirty nine many of you

(01:09):
know by the textbook, thirty and below is over sold,
So let's see what bitcoin does. But we're getting there
quicker than expected, and that's a very good sign. I
do believe August is going to be a big month
for crypto based on how global liquidity is performing. And
it's not just Bitcoin escaping the overbought zone going to
near that over soul zone. Total three is also doing

(01:31):
the same thing. The SMP five hundred also on its
way down, and if you look at XRP also doing
the same thing. In addition to ethereum, So all healthy corrections,
sentiment being reset, CME gaps closing. It's setting us up
for the next move because the macro thesis is still
in play. And of course we're seeing the inverse to

(01:53):
all of these assets going down, and that is bitcoin
dominance on the rise. In addition, USD two he tether
dominance on the rise as well, the dxy also on
the rise. So all healthy stuff happening here, folks. Nothing
to panic about. Now. There is some narratives that are
starting to float around. For example, we're seeing that China

(02:16):
has officially banned cryptocurrency trading, mining, and much more. As
though they haven't banned it like twelve times already, it's
like this bipolar thing from them. I don't even know
if this news is legit or somebody short selling the
market putting out fake news. Honestly, it could be that,
because it's like what's new here. They've been doing that

(02:36):
back and forth. But we know Hong Kong, under the
control of China, is embracing cryptos, stable coins, and much more. Right,
they have launched ETFs and all of that, and we're
gonna talk later about some recent regulations they put out
around stable coins. So Hong Kong, owned by China is
the testing ground and I believe China is going to
open up ETF trading crypto ETF trading in mainland China.

(02:58):
So this news you're gonna see, it's circulating and it's
going to be presented as though it's something new. But
my OG subscribers, how many times have we seen this?
So at this point it's like whatever. But like I said, guys,
Global M two is the leading indicator here, so we're
still on track. I want to make sure you guys
are not panic selling, because you're going to see a
lot of people who are shortening the market coming out

(03:18):
and saying the top is in again. They did this
with the tariff crash, and they do with every macro news.
Oh no, there's a war. Oh the top is in. Right,
it's over. You'll see those commons start appearing again. They're
going to start calling me idiots and things like it, right,
because they're very emotional about the markets as well. There
are people emotional about the markets, But we don't want
to be emotional. We want to be smart and educated

(03:41):
about the facts and the data and the macro thesis
is still in play, just like I was telling you
guys in the tiff crash. Remember I was absolutely right
there because I was just looking at the data. And
I'm saying that because again you're going to see people
in the common section and on the social platforms who
are trying to shake you out, trying to get you
to sell because they're shorting right now. But don't get

(04:03):
shaken out, guys. The whales are buying on chain. Data
shows that, So just be patient, step away from the
market if the price bothers you right now, don't look
at your portfolio. I haven't looked at my portfolio over
the past a few days, because I'm like, there's no point,
right It's down, just like it was down in the
tariff crash, and now it's down a little bit after

(04:23):
rallying out of that holes. So once again, just be patient.
Nothing to worry about here, guys, And here is further confirmation.
This might be the biggest signal. Jim Kramer yesterday tweeted out,
I always despise both August and September just tough months
to make money, folks. Inverse, Kramer, you do the opposite

(04:47):
of this man. We've seen the time and time again.
There's even an ETF inverse cremer, right, So he's saying
August September are going to be painful, tough months to
make money. I think the inverse is going to happen,
and the charts and global liquidity and all these things
aligned with that. So this is a massive signal right here, folks.
I love this incredible stuff. Jim Kramer, Man, you make

(05:11):
a lot of money. Just go doing the opposite of
what this guy says. It's so funny, and sometimes his
call is right. You don't see the opposite of what
he's saying happen immediately. Sometimes it happens after a month
or two months, and then you look back and you're like,
this guy was telling you to sell and you know,
trying to put fear in you, and yet the market
did the opposite of what he said. So it's just

(05:33):
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be in the description. Now we've got some news here,
Mills City Ventures to load up on more Suie with

(06:38):
five hundred million dollars deal as shares fall eleven percent.
So we're seeing more companies diversifying the assets they hold
on their balance sheet when they adopt a crypto treasury strategy.
So this particular company is doing sweet, but we've seen
Bitcoin of course, Eth, Solana, XRP, and even like Cooin.

(06:58):
It was one company doing like coin as well well.
So the finance firm's announcement on Friday came shortly after
raising four hundred and fifty million dollars in the week,
which was used to buy its first batch of seventy
six point two million Sweet tokens worth two hundred and
seventy six million dollars. Folks, do you see what's happening here?
This is incredible, these publicly listed companies buying a ton

(07:21):
of crypto, putting it on their balance sheet. And as
I've said many times, if they're taking cash on their
balance sheet and buying some crypto, taking some of that
cash and doing it. I'm finding it. When they raise
a lot of debt, that's where you get into bubble
territory and a lot of risks. So we'll see who
survives the bear market. But this is incredibly bullish because

(07:42):
this type of buying and news is going to drive
up the price of the assets. Of course. Here is
a quote from the chief investment Officer, Steven McIntosh. The
equity line is intended to give us the firepower to
scale our position as the only suite treasury on the market.
When an official suite foundation relationship, we are positioned to

(08:03):
capitalize on squeeze possible growth whilst scaling swee per share
to an institutional grade wrapper. This brings us one step
closer to streamlining public market access to a next generation blockchain.
So very bullish for sweet. Really a large amount of
suite that's being bought here, and the trend continues. The
crypto treasury strategy continues, folks, This is incredible stuff. Here's

(08:27):
another example. NASDAK listed dev stream Core buys ten million
dollars worth of bitcoin and Salona as it looks to
tokenize carbon credits. So I love the diversification. Some firms
are holding more than just bitcoin. They want to do
a basket, so this is really great. The firm previously
raised three hundred million dollars via senior secured convertible notes

(08:48):
to purchase crypto. Here's a quote from CEO Sunny trend.
Combined with the plan expansion of our credit facility, we
believe we are strengthening our balance sheet and positioning dev
stream to execut you on tokenizing high value environmental assets
as scale. So, folks, again some sort of bubble forming here,

(09:09):
but it's gonna pump our bags in the and while
we're in the bull market. So this is why if
you are planning to take profits, we'll need to make
sure we are highlighting the top zone or identifying it
and take our profits because we'll see who survives the
bear market. And you know, as Warren Buffett has said,
when the tide goes out, we'll see who's swimming naked.

(09:30):
Right now, the Hong Kong news I mentioned earlier, Hong
Kong stable coin rules kick in as it looks to
establish crypto credentials. Now again, who controls Hong Kong, China?
So the news you know, I think it's fake news
from earlier. China has been crypto like they haven't a
million times already, right, So we're seeing large jurisdictions in

(09:53):
countries all embracing crypto, launching legislation, putting the guard wills
in place, and Hong Kong certainly in the race, you know,
as mentioned earlier, they have launched ETFs, they've opened up
financing for crypto companies, and pretty much it's become one
of the crypto headquarters of the world. And I say
headquarters right plural because you know, I would say there's

(10:16):
more than one, but Hong Kong is certainly a big
one in the Asian region, so this is really great.
The Special Administrative Region of China has taken steps in
recent years to strengthen its position in the industry and
route to realizing its goal of becoming a hub for
crypto and Web three in Southeast Asia. It established a

(10:36):
regulatory framework for crypto exchanges more than two years ago
and started consulting on stable corn rules in twenty twenty three.
Applications for licenses can be submitted from now for the
next three months. According to the Hong Kong Monetary Authority
guidance published on Tuesday, firms that have submitted an application
will be allowed to continue while their request is being

(10:58):
considered until January thirty first. So, folks, I hope you
see what's happening here. Everybody's in the race to try
to get their stuff set up to grab as much
market share because there's money to be made here and
the rules are being put into place by these major jurisdictions. Whilich,
you will bring in tons of capital, and just even
recently Andrew Shang China Banking Regulatory Commission, cheap Advisor, he

(11:23):
went on CNBC talking about this that you know, Hong
Kong opening up for cryptos, stable coins and much more so. Man,
it's just amazing what's happening. So, guys, I'm bullish. I
know some of you are going to find it hard
to believe, Tony. How can you be bullish that prices
that because I'm looking at the macro, I'm looking at
the data. I don't I'm not emotional about the price.

(11:45):
And we want to make sure that we have our
thinking caps on and we're looking at this logically and reasonably.
Obviously there's no guarantees, no one has a crystal ball.
We're at least forming our thoughts and thesis around data
versus emotions and gut feeling. What is the charts, what
is the on chain data? What's the macro telling us?
It's still saying we are in a bullmarket. Like I

(12:07):
was telling you guys in the tariff crash. We're still
in the bullmarket. So don't get shaken out. Make sure
that you got your head on straight here, because the
whales will mess you up in this market if you
don't have the macro view, if you're just looking at
the micro, they will rip you apart and essentially talking

(12:27):
about your portfolio and get you on this emotional roller
coaster much more. I've seen it for many years. I've
been here for multiple bull and bear market cycles. Guys.
I've been here since twenty sixteen, so speaking from experience, right, folks,
that's the news. Let me know what you think. Leave
your thoughts in comments below. Hit the thumbs up button.
Check out my newsletter. It's one hundred percent free. Be

(12:48):
sure to sign up. Check out my book on Amazon
it's available in paperback, in digital, and my course at
Mycrypto course dot com. All of the links will be
in a description. Thank you so much for watching and listening, folks.
I appreciate you you all, and I'll talk to you
all later. M m mm hmmmmmmm

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THE CRYPTO MARKET CORRECTION CONTINUES! JIM CRAMER SIGNALS HUGE BULL RUN COMING!

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