BITCOIN HITS $97K, NEXT TARGET REVEALED! SENATE STABLECOIN BILL VOTE, SEC DROPS PAYPAL PYUSD CASE!

news and interviews. I'm your host, Tony Edward. On your way 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, we have to talk about the price of bitcoin because, as you all know, bitcoin leads the market and the all coins follow. And as we've been discussing over the past month or so, Bitcoin has broken out from its bottom.

It has cleared the two hundred day moving average and it's building support levels. It's looking very strong here. The daily RSI still has some room to run. It is approaching the over soul zone. So of course expect pullbacks. As always, nothing goes up in a straight line. But this looks very good and Bitcoin touch ninety seven thousand dollars. At the time of recording, it is at ninety six, nine hundred and six dollars. And when we look at

the weekly chart we get more bullish confirmation. So in the weekly chart we see a breakout of the weekly RSI and the mac D is about to flip bullish where the bears have been losing momentum, the red candles have been getting lighter and smaller, and what we see in historically that then flips to green candles and you see a very strong rally. So this setup is looking really good. So what is our next target, because remember we're not going to go up in a straight line.

There will be pullbacks, and different analysts are highlighting that the next target is out one hundred and six thousand dollars. So the first target was ninety six thousand dollars. We clearly broke that. We touched ninety seven, so we're gonna move up to one hundred and six thousand, and then for a local top, which you know this big rally that's gonna take place, I believe in this month into June.

That could take us to about one hundred and thirty thousand, So maybe between one hundred and twenty five to one hundred and thirty. Maybe it overshoots it a bit. We'll have to wait and see. But we'll have to see how the timeline plays out here because typically you see selling may go away. That may not happen this time around because we have this big, massive correction due to the tariffs, a lot of fear in the markets, the stock market, crypto, everything's sold off. So could we see

this timeline push forward a bit. It's possible, so just be prepared for any scenario. Personally, I have my cash out plan with my price target, So as soon as bigcoin hits one hundred and twenty k, profit taking is going to commends one hundred and thirty k again, profit taking is gonna commence, and so on and so forth.

And I'm doing this for all coins. So as you all know, as Bitcoin has its rally, the liquidity will start flowing to eth XRP, Soalana, and they're gonna start pumping again, just like we saw in Q four of last year. Same thing's gonna happen. We have not seen a deviation from this, even though people like to say, oh this all coin data coin, No Bitcoin leads the market. And this is not about feelings or emotions or bias.

It's about the data. What has it shown us, and that is Bitcoin leads the market and the liquidity starts to be rotated down to the all coins. So expect that this month, going to June, we're gonna see some very positive things. Now, is this guaranteed? Is this a certainty? Of course not. No one has a crystal ball, But based on what we're seeing on the charts, based on the data, we are seeing a setup here for another

big rally. Could there be another black swan event that stops all this, of course, but I think the higher probability is that we see the bull rally because we kind of had a pseudo black swan with the tariff news. All markets corrected significantly. So I think that was your significant correction here and that the market's now there's only one direction for them to go, and that is up, because they've bottomed out. And you see the stock market is also moving up, and that's a very good sign.

So the S and P five hundred, the NASDAC, the Dow Jones all seeing a recovery here. This is very very good. So let's be patient and watch this play out. Now, folks, we have some very big news coming out of this Senate and that is the US Senate moves towards action on stable coin bill. So many of you know Senator Haggerty Bill Haggerty, he introduced the Genius Act in the Senate. It's a version of what was introduced in the House, which is the Stable Act. And of course both the

House and the Senate have to pass a version. The Senate's version, of course, is what's going to make it to the President for signatures. So this is a process to but the ball is rolling here, guys. And if you caught my interview with Congressman Tom Emmer this week, he talked a bit about what's going to come up next and much more. So let me give you the details here, and who's the senator that is doing this.

So Senate Majority Leader John Toon, a South Dakota Republican, started the ball rolling to fast track the guiding and establishing national innovation for US stable coins. The Genius Act, which is the Senate's version of two similar bills rolling through both chambers of Congress. The House of Representatives is expected to follow closely behind on its own voting tunes moved to expedite the bill is meant to limit delays and floor action in order to get it done more quickly.

It's so far unclear precisely when the Senate vote will happen, but an earlier vote on the efforts in the Senate Banking Committee had approved it with a wide bipartisan majority of eighteen to six. The House Financial Services Committee also

advanced a similar bill in April. Here's a quote, I look forward to passing the Genius Act in short order to keep digital asset innovation in America, protect consumers, and make sure foreign companies are playing by the same rules that Senator Bill Haggerty, the Tennessee Republican who authored the bill, in a statement. It's also backed by Senator Tim Scott,

the chairman of the Senate Banking Committee. So, folks, we know President Trump gave the mandate that Congress needs to get both the stable coin and Market Structure bill to his desk before the August recess because he wants to sign this. And we see the balls rolling here folks, so Q we're in Q two, so they got to get this going. They've got I think up until July maybe to get this done. And I would think early July because as we get into the summer things become

harder to get done. But this is very bullish. If we get stable coin legislation passed, the stable coin market's going to boom. I think we can hit a trillion dollars by the end of this year, honestly, if they get it passed soon enough. Because we saw different bank CEOs like Bank of America CEOs that they are ready to launch a stable coin once Congress plasses legislation, and you can imagine the existing stable coin issues are going to go ham. They're going to ramp up significantly because

everybody's in a competition now. But once the rules are clear, they're going to be able to innovate without any type of red tape and nonsense, you know, kind of what we experience on the Gary Ginser and Elizabeth Warren over the past four years. So this is huge, very very bullish. And speaking of stable coins, the sec ditches paypalse PYUSD probe removing key regulatory hurdle for its stable coin. Many of you know PayPal, the payment giant. They launched their

own stable coin p yust. They issued it on the Ethereum blockchain, and they've been trying to make inroads in different industries with their stable coin. But of course under Gary Ginster they were attacked in the sense that they were getting investigated. But this is getting dropped, as with other enforcement actions and lawsuits the SEC has been dropping,

so really really big stuff here. And PayPal obviously a huge company, and just this week I reported to you guys that their competitors, so to speak, like MasterCard and Visa are also integrating stable coins and expanding as well. So competition's heating up and this is really great. So here's a quote. In November twenty twenty three, we received a subpoena from the us SEC Division of Enforcement relating to PayPal's US the stable coin. The subpoena requested the

production of documents. In February twenty twenty five, the SEC communicated it was closing this inquiry without enforcement action. PayPal disclosed this week in a filing. Great news here, and you know the folks at PayPal are going to go crazy and start innovating and expanding, and huge partnerships are going to probably be coming down the line. We're going to hear some big news. So just great news all around, folks.

I think this is all going to set us up for to move to new full time highs this year and a blow off top honestly, because the runway is being clear for takeoff folks. Quick word from our sponsor, and that is Treasure. Treasure makes beautiful hardware wallets that make it easy for you to safely store your crypto. I'm a user of Treasure. I have a Treasure five device. And Treasure was the first to create hardware walllets. They've

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and federal government buildings. Texas Republican Lance Goodin suggested that the agency that runs off of space that installing ATMs will help align the government with Trump's crypto push. That is a bit of optics here, you know, some grand standing, so to speak, but it also just shows the environment is so different from what it was under Biden. Right, they were attacking crypto from every angle, and now the government is embracing crypto and they're looking to build with

blockchain and much more. So, this is really really interesting. Take it for what it is. I don't think this will necessarily happen right to put something like this in government buildings, But I think it's not so much the idea as it is the sentiment and how that has changed. Now. President Trump's were Liberty Financial. Their stable coin which they issued called US the One, will be used to close mgx's two billion dollar finance investment. This is according to

Eric Trump. So many of you know, I've been talking a lot about Trump and crypto, and the only thing I don't agree with is the meme coin. But you know, his kids getting involved in building these businesses. I don't have a problem with that. Honestly, they're free to do that.

So this is interesting that they're doing this. So US the One will integrate with the tront ecosystem supported by billionaire Justin Sun. We're Liberty Financial aims to make US the One one of the most transparent and regulated stable coins backed by short term treasury and cash equivalents. So very very interesting move here, And if you're read between the lines here, regardless of if you love or hate Trump, because there's people on both sides right, I'm more neutral.

I don't worship any politicians or support politicians like that. Obviously, I vote, obviously I care about certain issues and things like that in politics. But if you just step back and look at this from a neutral standpoint, Eric Trump and the Trump family would not be investing in this stuff or building with it if they didn't know what was coming. I think they know. I think they see and they're taking a bet because they realize this is

the future. So I hope you recognize this. Don't get blinded by politics now, but just look at it on its face as far as adoption, that these people are taking the time to do this. They're not just supporting it and helping to get the legislation through, they're building with it. And that should tell you what's coming, right, Because you know, Trump and his family are all about making money, and I'm not saying anything wrong with that, but clearly, clearly they see opportunity here. I hope you

do as well if you're still on the fence. Now, moving ahead, everything is encrypted as Tech's privacy roll up hits tested amid growing demand. So Astech's roll up is a layer two on E theorem, and this has been a solution that has been eight years in development. So institutions obviously are looking for more privacy when they use public blockchains because they've learned that when they use private blockchains, it doesn't work. It's not the same they try to

do it jp Morgan Quorum blockchain jpm coin. Nobody trusts that, right, But if you put it on a public blockchain that is decentralized and it's more transparent, you can get a lot more adoption. But there are certain data, you know, customer data, proprietary data that you don't want everybody in the world to see. Obviously, if you're a bank or certain type of financial institution, you want to have some

sort of privacy. So Aztec, a Layer two roll up focused on privacy, share Thursday that its test net has finally gone live. The announcement comes as a wave of new privacy focused solutions begin to capture interest from large institutions who need confidentiality with large transaction batches. The team behind Aztec said they have been working on its solution for over eight years, bringing the cutting edge technology one

step closer to maynet. So this could be another big narrative for Ethereum, which has been really suffering this cycle and underperforming. But the combination of these type of updates and upgrades on the Ethereum Layer one plus staking to the ETFs could help ETH rally and catch up this bullmarket. I honestly think these items can play a big factor

in helping ETHER to rally. So. Layer two networks have appeared in mass in the ethereum space over the past few years and are seen as a faster and cheaper alternative to transacting on the Ethereum protocol. But ASTEC will have have to give up elements of that in order to preserve its mission of being privacy preserving as well

as decentralized. So it's not going to be as decentralized as somebody's other layer twos, and it's not going to have the same speed, but it's not going to be as slow, I think as the Layer one of ethereum. But institutions, you know, they want privacy and they're going to want security, and sometimes the fastest is not always the most secure and the most trusted. Look at Solana and it's speed that it has, I mean, it blows the theoum out of the water, but it has a

lot of downtime. So you know, look, we're still early. There's going to be iterations for many of these blockchains, and we'll see who the winners are. But they're going to continue to fine tune and build version twos and threes of their blockchains, which will be better, and you know, hopefully they're able to fix the bugs and the issues. But I think the fact that they're building for institutions

is incredibly bullish. I mean it's amazing. And Aztec they had race is the one hundred million dollars in a series B in twenty twenty two, led by A sixteen Z s Or Andrews and Howartz, So incredible stuff here, guys, very bullish. Free Etherorem and the adoption, because look, Etherorem, despite its challenges, it is getting a lot of adoption. I just talked about earlier paypals, stable Coin was launched

on ethereum, black rocks tokenized one on Etheroreum, and much more. So. This is why I hole Ethan my portfolio and I'm bullish on it long term. Now, folks, Mike novagrats Is Galaxy Digital will be listed on the NASTAC on May sixteenth. So I had told you guys that they are looking to go public and it looks like they're going to be doing it this month. So we are seeing more

and more crypto companies are going public. And Galaxy is actually public in Canada, I believe, on the Toronto Stock Exchange, but going live on the New York Stock Exchange is a big moment. Because of what we've been facing in the crypto industry over the past four years, things are really opening up now and Galaxy Digital is a very large crypto investment firm, so this is this is really big,

all right. Moving ahead Michael Sailor's strategy there, you are looking to raise eighty four billion dollars to purchase more bitcoin. This is wild, guys. I don't have a problem with sailor or strategy. I've said that many times. I wish them the very best, and I've often said I hope nothing bad happens. But the amount of leverage concerns me. How how far would they take this? How much debt are they going to raise? You know, we've seen bitcoin enters,

bear markets and much more. You never know what could happen. And even look at this because of the tariff pullback strategy. Uh, they actually posted a Q one loss on the bitcoin price decline, so you see, if it just takes, you know, a significant crash to put them in trouble. I'm not saying I want them to be in trouble, and I hope everything works out, but the amount of leverage worries me.

Man and I hope it pays off. Look, because the United States is looking to establish a strategic bitcoin reserve black Rock, and all the Wall Street firms are buying. You got governments around the world that are mining and buying as well. So maybe it'll work out and you know it won't be an issue. But the leverage really really concerns me. As a student of history and financial history, We've seen it. You build up these tranches of debt and leverage and you never know what could happen, and

it could cause them major collapse. But anyway, this is why I'm taking profits so that if anything does happen, I'm okay. I walk away from the bullmarket with money in my pocket, I should say. So hopefully everything goes okay, and let's see how far a sailor is going to take this. Is this something that could go on forever? I don't think so, but we'll have to wait and see. Time will tell. Folks, that's the news. Let me know what you think. Leave your thoughts and comments below hit

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