🚨BITCOIN BULL RALLY! ALTCOINS NEXT? SOLANA STABLECOIN LAUNCH!

and interviews. I'm your host, Tony Edward. On your way in, Please hit 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, we got to start by talking about bitcoin. Look at this beautiful chart, Bitcoin hitting seventy three thousand dollars today, Folks, Look at these green candles on the daily chart looking very bullish.

And the setup we've been talking about for weeks now, where we've been seeing higher highs and higher lows, has played out beautifully and Bitcoin is on the move upwards. Guys, looks very good. If you zoom out on the chart, it just looks really good here. And of course we're watching bitcoin closely to see if it breaks through the all time high it hit earlier this year of around seventy three five hundred dollars and once it breaks through that, guys,

it's going to enter into price discovery. It's going to be an amazing time. Now. A couple of things we do want to watch is that the election is around the corner. They could be a buyer rumor sell the news event. Bitcoin may pump this week to maybe eighty k and then correct next week, but that wouldn't be a big deal. I'm just letting you guys know that there's different things happening in the market where people are hyping up. Okay, Trump may win, and that's good for crypto.

I think the markets are pumping regardless of who the president is. But that's a narrative that's out there, and I'm following the data, the metrics, and so forth. I'm not trying to follow narratives because narratives can be put

out by anybody. That's what mainstream media does, right. And don't get me wrong, I believe Trump would be great for crypto businesses in the United States and getting legislation passed, but the price action, as I stated in yesterday's podcast, this is due to global liquidity continued, the basement a currency and so on and so forth. So, guys, very

very bullish. I like what I'm seeing here. I think we're seeing confirmation of the escape from this boring as hell zone that we've been dealing with for the past six months. So really really good. And when you zoom out on the log chart, it just looks even more beautiful. You just see the escape happening here. Now it's going to be a process, right. This thing doesn't go up in a straight line. We all know how the market

cycles play out. It breaks through resistance, pulls back, build support levels, continues to move up and break resistance and so forth. So it's going to stare step its way out, as I've been telling you, guys. But man, I am bullish, guys, I am bullish. And of course the seasonality aligns with this. The election is about a week away, where the uncertainty will be removed and marks can keep moving, people can focus on other things like the market versus the politics

and the election and all these things. So things are setting up very beautifully here and one of the things I want to highlight, guys, is that the stable coin supply continues to increase. Just today, over one billion in stable coins was minted. Tether minted one billion USDT for USDC, you had over one hundred and fifty million minted. So where's that liquidity going to go into the crypto market.

These are the things I've shared with you over the past year, trying to paint the picture of where we're at in the market cycle, and that whales are accumulating and big institutional investers are here and don't be dismayed by market volatilities. So we are seeing further proof of continuation of the bullmarket. Guys. Here's what legendary trader Peter Brandt, who I've had on the podcast, had to say about bitcoins move. He said, there are numerous ways to determine targets.

One variable is whether semi log or linear scale is used. Target of ninety four thousand dollars is measured move of triangle projected from the breakout level on the semi log. A swing target can also be determined by projecting the November twenty twenty two low to March twenty twenty four high upwards from August twenty twenty four low, as shown also on a log scale. For now, I think this is a stretch. My rule is one target at a time.

So I think many different traders and analysts are recognizing what is happening here and this is what we've been waiting for. And once again, it's not going to happen overnight. Now Bitcoin could surprise us and say, you know what, eighty K by Thursday or Friday, right, who knows, But we'll have to wait and see. But I like to play it conservatively and not get too crazy with price predictions and so forth. One thing's for sure, I know which direction we're heading. That is up, and the Bears

are in trouble, folks. Here's what Dan from three to sixty Trader had to say. I had him on the podcast a couple months back. He said, Bitcoin all time high test coming and the last of higher external liquidity. Bear is wanting another sweep of the lows. Forgot they already had three over the past two hundred and twenty days. Bulls had none. Expecting another sweep of the lows is just greedy. So bears are trying to call for forty thousand, right, but Bitcoin is saying no, not at this point. Now.

As always, we're talking probabilities here, and the bullish scenario I believe has the higher probability of playing out. But we can't say nothing bearish will not happen because you could have black swan events, right. Those are things we can't plan for or they're unforeseen. So if everything goes according to the normal cycle movements and there's all black swan events, I think this is a very bullish setup.

One thing I want to highlight is that we are seeing some movement on the total market cap excluding bitcoin an e theorem, and you see here there's a breakout happening as well. So my hope is that this continues following Bitcoin's move and guys, that liquidity starts to flow

to the all coins. I tweeted about it today, the money flowing crypto Fiat to Bitcoin, Bitcoin makes it its move, it gets overbought, the liquidity starts cycling down to the different all coins, large cap, mid caps and small caps and so forth, rinse and repeat. So just keep that in mind. Some of you may be like, why is my coin not pumping? Well, you have to understand what phase we're at in the cycle, and this happens on a micro and a macro level, and it happens in

phases as we head towards the blow off top. It took me, Don't get me wrong, it took me years to understand this. And by understanding this, I'm able to make money. It really puts my emotions to the side. I don't have to fear a panic and I can just look at what's happening in the market and look at bitcoin dominance and these type of things. So, guys,

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launch a stable coin. It seems everybody is launching a stable coin these days, so they said, welcome SUSD, a US Treasury build backed stable coin on Solana, built by Solayer Labs. So this is really big for Slana and it's a smart move. And we know Ripple is also working on THEIRS and there should be launched soon as well. So they said, s USD joins a growing ecosystem of products issuing tokenized US treasuries on Slana, including Ondo Finance,

USDY and Maple Finance. So, guys, really big move here for Solana, and we'll see what type of adoption to stable coin gets. I'll try to get some money from Solana or Maple on the podcast to talk about this. But the competition's heating up, and look, competition is good for consumers. And if you recall, just last week, I wrote a newsletter and be sure to sign up for my newsletter. It's one hundred percent free. It's on substack.

I wrote a newsletter titled the one trillion dollars. Stable coin market is coming, and I talked about you know, the launches stable cooin legislation, Stripe acquiring Bridge for one point one billion dollars and much more. And this news, well, I think will help fast track this stable cooin market to get to one billion dollars. So things are heating out, folks, and let's see if legislation comes in by the end of the year or early twenty twenty five. Now some

more Solana news. They have partnered with chain Links that they said chain Link data streams are now available on Solana, bringing low latency pull based data oracles to help power to DeFi ecosystem. Now, I am a holder of chain Link. I'm very bold on this project. It did well for me in twenty twenty and I'm taking a bed on it again and I bought the bear market bottom and I'm hoping it can crack one hundred dollars this cycle.

You know, there's no guarantee, but this is why I diversify, and I'm expecting big things because of the adoption and how many people are plugged into chain Link and using their oracles. And of course I have some Soul token to my portfolio not a lot, but I noticed that a lot of liquidity and VC liquidity was coming into Slona. So I took a position in Solana around like eighteen to twenty bucks and some more at a later time around one hundred. And of course my portfolio is up

because Solona is up significantly. Now, guys, we've got some very bold statements coming from coinbased CEO Brian Armstrong. He tweeted out, the next SEC chair should withdraw all frivolous cases and issue an apology to the American people. It would not undo the damage done to the country, but it would start the process of restoring trust in the

SEC as an institute. Big statements coming from the CEO of a publicly traded crypto exchange, the largest in the United States and a big campaign donator to the super pack around crypto, right, So he's spot on, guys. The next SEC chair has a lot of cleanup to do, and we know for sure Donald Trump is going to fire against her. However, we're not too sure about Khamala Harris.

Her campus said they want to do a reset and they don't like what Ginster has been doing, but they haven't put out clear policy and Brian highlighted here all of the hipocrisy and lies and conflicting statements from the SEC. They put it here in a table. You know what's a digital acid security and much more. And we know there's this ambiguity because we're dealing with a scumbag regulator that is Gary Ginser. So I love that Brian is doing this. Paul Griwall, chief legal officer at Coinbase, wadon

as well. He says, what does arbitrary mean? Look at the chart? What does capricius mean? Look at the chart? What is unfair? Notice? Look at the chart. I want to see why a once proud driver of economic growth and investor protection is now anything but you know what to do. So I love that the crypto industry is taking the gloves off and punching back against the bully. Elizabeth Warren and Gary Genser are going to be left on an island by themselves because their anti crypto army

buddies are dropping like flies in the elections. They're backing out of anti crypto bills and much more so, we are winning, folks and cryptos here to stay. And speaking of the election, Eleanor Turt of Fox Business did some great reporting here, she said, with just one week out from the election, we're getting some new crypto election spending numbers. According to recent FEC filings, the crypto industry has now donated well over two hundred million dollars to various packs,

candidates and political organizations. More to come on this. Some things she highlighted here is for Donald Trump, Howard Lutnick, who's the CEO of Canter Fitzgerald. He donated around six point four million dollars. The Gemini Exchange founders Tyler and Cameron donated two point zero four million, Jesse Palo Kraken eight hundred and forty four nine and forty three dollars, and on and on. But what's interesting is that there are some donations to Kamala Harris, like Chris Larson, a

ripple eleven point seven million dollars tech blockchain investor. It looks like his name is a Venude Koolsha. I don't know who that is, but he gave a million dollars. Reid Hoffman, early coinbase investor, donated two hundred and fifty thousand dollars. So clearly Trump got the majority the lion's share of the money. Here and we know why, right, But look, I think the fact that many Democrats in

Congress are pro crypto now is supporting the industry. And it doesn't matter if Kamala Harris wins and we don't know her policy because her her party is already pro crypto. There are many members of the House and Senate who are now looking to get legislation through and Paxo's CEO urges Harris and Trump to create pro crypto regulations ahead of US legislation. Pacsos CEO sent a letter to presidential

candidates Kama Harris and Donald Trump on Tuesday. The CEO also criticized the current regulatory environment for crypto, calling it an inhospitable place for financial innovation. So I love that the industry is coming out speaking, putting the pressure, putting their money where their mouth is, right, That's very important. And I'll be interviewing the CEO of PASOS again pretty soon. That's Charles Cascarilla, and they're doing some big things with

stave different stable coin issuers. So guys, like I said, we're winning ru on the winning side of history. The markets are looking bullish. I hope you are as bullish as I am. Have a plan, know what your cash out points and price points are, and know what you're doing guys. Write it down and a great way you can support me in the podcast is to subscribe to my free email newsletter. Also, grab a copy of my book, Rethinking Crypto. It's available on Amazon and paperback in digital.

If you bought a copy ready, please leave a rating and review. It will really help me out. Thank you so much. I appreciate you all and I'll talk to you all later. Post eight post bok, post eight book post bot