BLACKROCK WANTS TO TAKEOVER CRYPTO! USDC STABLECOIN XRP LEDGER!

price of bitcoin because right now it's pulling back and it's trading at one hundred and three thousand, three hundred and three dollars at the time of recording. So I want to make sure some of you are not panicking because the market is pulling back. And it's what I've been saying that the scenario bitcoin going and testing some lows first, maybe down to ninety a k before we bounce and head up. Right, So this is the scenario playing out. It's the alternative I was giving you guys

on the live streams and much more so. Bullmarkets still intact. We're not out of a bull market, so I don't want to make sure folks understand what's happening here. I believe this is the dump before we set up for the massive breakout pump. It's just a matter of market cycles playing out, So don't panic, is essentially to take away here. But folks, we've got big crypto news. First up.

Blackrock says they want to become the world's largest crypto asset manager by twenty thirty. This is incredible. This is their ambition. And years ago you had Larry Fink calling Bitcoin an index of or avenue of money laundering, Jamie Diamond saying this is all a scam. Now we want to be the largest crypto firm out there. Right, It's incredible how things have changed. It's a complete one to eighty.

But this was always the plan. They were saying these things back in the day because they couldn't take a position yet, and then they started taking their positions and they launched their products, and now it's the best thing ever.

So I hope you guys see how the game is played by tradfy and these institutional investors and the other takeaway here from them saying this, it's something along the lines of what I've been talking about for years that if these crypto startups, the native crypto companies, they don't get their act together, TRADFID is going to come in and take over. And it's clear what Black Rocks ambitions are.

And of course it's not only them, it's the rest of Wall Street, your Fidelity, your Franklin, Templeton's, and of course the big banks are going to get in. Yesterday we talked about Bank of America's CEO confirming they're working on their own stable coin. It's only a matter of time before they start offering crypto investment and custody as well. Right over the years, I've often given the mock scenario of Hey, mister Jones, how are you doing today? This

is Bob from JP Morgan. Guess what we offer bitcoin, crypto and all that you can invest and you don't have to worry about anything. It's going to be under your statements. We'll take care of everything. We'll custody for you. That's coming. Don't be surprised if your bank that you use they call you up and they started talking about crypt gone much more. It's coming, folks. The writings on the wall here so big statement by Blackrock, and it

shows they are anticipating growth. They are looking to expand their footprint and their services because this acid class is here to stay and as we've talked about, blockchain rails are going to power the economy, the governments, and markets. Now moving ahead, we have some very big news for

the XRP Ledger and as well as Circle's USDC. So Circle has expanded their USDC stable coin onto the XRP Ledger. So this is really great. I know a lot of people have been asking about this for a long time, but it goes back to a lot of things were held back because of the Ripple lawsuits. Right, many of these companies did not want to go participate on a

chain that was under major litigation. But as I've been saying, despite Judge Torre is not wrapping up the paperwork and all that, the industry, enterprises and companies recognized this thing is over, the SEC's not going after Ripple, and people can freely build on the XRP Ledger. So Circle tweeted out they said, with the launch of native USDC on XRPL, developers, institutions and users gain the support of the world's largest

regulated stable coin. So they highlighted that with the addition of the XRP Leisure, USDC is now supported natively on twenty two blockchains. So this is really great the folks that Ripple x tweeted out the future is interoperable USDC on the XRP ledger. Ripple and Circle are bringing the fully reserved one to one backed stable coin to the XRP ledger, accelerating DeFi and institutional adoption. This is really great to see, folks. This is the future interoperability. There

won't be one chain to rule them all. There's going to be multiple blockchains. Not everything's going to be a winner, obviously, but you're going to have your maybe ten to fifteen blockchains that are used globally by different industries, different governments, different sectors of the economy and so forth, and there's going to be to be interoperability where tokenized assets, stable coins, and much more can move between these different chains. That

is the future. So watch out for any type of maximalism. People telling you it's only this chain and all that, right, that's nonsense. We see that sometimes with bigcoin maxi's sometimes I see it in the XRP community, be like, oh, yeah, everything will be on the XRP ledger. No, everything will not be on the XRP ledger. There's going to be things on different blockchains, right because there's no one blockchain to rule them all here, So really great news and

very bullish. Now the more bullish news, Eleanor Territor is reporting that the Senate will vote on the final passage of the Genius Act on Tuesday, so next week. The timing of that is tbd, but folks, a major hurdle was cleared this week because you have these different levels that you got to get the bill passed and approved through and have it made progress through the whole legislative process.

So this could be really big, could be a key moment for the markets to recover, right, we'll see, you know, it all depends how the charts and everything looks like. But if Bitcoin is pulling back and the all coins that pulling back a bit, it bottoms out. May become Monday and then Tuesday we get the news and then we bounce. We'll see. That's not a guarantee, but we've seen things like this before. But this would be really great, guys,

they get stable coin legislation through, it's going to be massive. Now, the SEC made an update to its qualified Custodial rule,

and Eleanor Tarrott reported here. She said the SEC just officially scrapped the expanded custody rule proposal and Rule three BASH sixteen plus other Gensler error rules. The custody rule aimed to cover all client assets include crypto, broadened what counts as custody, and raised concerns about whether certain state charter entities would be qualified custodians. Rule three b NASH sixteen proposed DeFi exchanges slash platforms could be regulated a

national security exchanges. The SEC also dropped its proposal to make public companies comply with enhance ESG reporting requirements. So this is really great. The SEC continues to clean up a lot of the garbage from Genzer's error, which is awesome. We're getting the clarity we need and this is happening before Congress even passes market structure regulation. So Hester Purse, Markuwaighted and of course Chair Paul Atkins doing an amazing

job here. And all of these things are going to lead to more adoption because it provides clarity, removes risk, and allows more capital to come into the acid class. Folks, quicker from our sponsor, and that is Treasure. Treasure is the maker of beautiful hardware wallets that make it easy for you to safely store your crypto assets. Treasure they started doing this in twenty thirteen. They were the first to create hardware wallets. Their harbare walts are open source

and they support a variety of coins. I'm talking all of your big tokens, your x RP, Bigcoin, Etherereum, Salona Suite, whatever may be they supported, and they have a great software called Treasure Suite that helps you to manage all of this. They also have a handholding service to help you on board and set up your device. I'm a user of the Treasure devices I use specifically to Treasure. Say five and if you use the code thinking crypto all one where thinking Crypto, you can get five percent

off your purchase. So check out. Treasure then makes some really great hardware well. Links will be in a description now, folks.

Today was Coinbase State of Crypto Summit and I was there. I interviewed Brian Armstrong, coinbas CEO, and many of the coin based representatives, even Anthony Scaramucci of Skybridge Capital and much more so. Those interviews are going to be published next week. But folks, Coinbase now some very big updates today, huge huge adoption items. First, they introduce pay with crypto where it integrates with Shopify stores and it allows people

to be able to then pay with USDC. So there are many companies that have their e commerce platforms build on Shopify and now they will be able to use and accept these stable coins, specifically USDC, So really massive news. And on that nodes, Coinbase also launch Coinbase Business, so similar to what they're doing with Shopify, they're creating solutions to allow businesses and merchants around the globe to be able to use stable coins and do payments and have

custody and trading and much more. So this is a key infrastructure item here to allow the use of crypto, because if you don't have the merchants using this, you don't provide them an easy way to use it, then they're not going to set it up right. You've got to make it as easy as possible, kind of out of the box where they can integrate it into their systems and account do the accounting and tracking and much more. But this is massive, so really big news for Coinbase.

And they are also launching a credit card, so it's called Coinbase one Card and it's actually powered by American Express and it includes cash back paid in bitcoin, so really cool. I love this, and again the on and off ramps, the infrastructure being set up for adoption globally, so really really like this, and Brian and I spoke about it at the event. So once again, those interviews are going to be published next week. Folks. That's the news. Let me know what you think. Leave your thoughts and

comments below hit the thumbs up button. A great way you can support me in the podcast, folks, is by subscribing to my free email newsletter. It's one hundred percent free. Link will be a description. Check out my book on Amazon. It's available in paperback in digital, and check out my course at Mycrypto course dot com. This is a comprehensive course that teaches you every aspect of crypto, so, folks, all the links will be in a description. Thank you

so much for watching and listening. I appreciate you all and I'll talk to you all later