CHINA JUST GAVE A HUGE SIGNAL FOR CRYPTO & STABLECOINS!

nothing new happening with the price of bitcoin. We are still in no man's land, still consolidating, still chopping, So we got to give the market some more time. But today well known analyst Willie Wu who's a bitcoin og. The man's been doing analysis on bitcoin since like twenty fourteen, and he posted the following chart saying bitcoin rally to one hundred and twenty four five hundred dollars and then down to one hundred and twelve thousand, five hundred driven

by liquidations. It's been overly speculative. The real question is what are investors doing. The MCR, which is the macro cycle risk signal, is dropping, hinting at investor liquidity returning. If the trend continues, Bitcoin is in great shape to move higher. So one of the things I often share with you guys, is on chain data from a sentiment which shows if bitcoin whales are accumulating. So while it's with ten or more bitcoin, are they buying and we've

been seeing that trend since the dip, they've been buying. Well, here's another signal the macrocycle risks saying, hey, things are cooling down and liquidity is coming back, so we're going to find the bottom and keep moving. We know the cycle top's not in, right, just in general, the market doesn't end this way. It usually ends when people are euphoric and they think it won't end because remember, the

market does the opposite of the herd. So if they heard right now things, oh the top is in, this thing is over. That's how the majority of investors feel, then you know the market's going to be the opposite. But when the majority of the herd is saying, oh man, this thing is going to keep going higher. Nothing stopping this bullmarket. You're in idiot for taking profits, right, that's when the market's going to do the opposite. How many

times have we seen it? And we know the market is primarily driven by Wales and they are on the side of smart money. They buy the blood, fear and depression which I've been telling you guys to do right, and then they sell the you four degreed tops. The majority of retail investors they do the opposite. They don't. They are scared at the bottom, and then they come buy the tops, they buy the pumps, and you would

wonder why aren't they researching and understanding these things. Well, it's because they haven't taken that next step in their journey. And we've all been there, including myself, to educate themselves. They just simply take their advice on TV from Jim Kramer and they become exit liquidity or what markets call dumb money. Don't be part of dumb money, guys, be part of smart money. So guys, be patient. Things are setting up here. Multiple signals are telling us that there's

more room to run here. Now today Tether minted another billion USDT. That's two billion in the past week. And if you look at USDT dominance, it's on its way up. And as I've been telling you guys, this is doing the inverse of the assets. The assets are bleeding and USDT dominance is rising. But that's good. The liquidity is building up again and then it's going to start entering

the market Bitcoin and the all coins will run. It's the same cyclical pattern we've been seeing over and over, and as I've been highlighting, I believe USDT dominance is going to break four percent, go down to maybe three zero point five percent, and that's a lot of liquidity it's going to enter the market, and that's where I believe we're going to see our euphoric blow off top. So I think as we head into September and October, it's going to be very, very exciting. And here billionaire

Bill Miller the fourth says one percent of the sixty trillion in global retirement accounts could add thirty thousand to bitcoins price. He says he sees a two percent allocation as conservative, So that's interesting. Every one percent, he said, adds thirty thousand. So let's say two percent happens. That would be sixty thousand dollars plus the price right now, So we could say around one hundred and seventy five k maybe in that range, right you could go higher.

Now what he's referencing is, of course, the United States Trump signing an executive order opening up retirement accounts to invest in different assets, which includes crypto. Let me play a clip here for you about what he had to say on CNBC today.

two percent a year. So why wouldn't those accounts stake two percent of everything do nominated in melting ice cubes sticking in another protocol altogether? So again, that would just that alone would take us a bitcoin at one hundred and seventy five k or up more than fifty percent. From here. We still think we are incredibly early. We're still seeing early signs of institutional adoption. You look at Norgist, the world's largest southern wealth fund, almost two trillion in assets,

has been increasing its exposure to bitcoin digital assets. It's still a rounding error for them. But when the world started largest sovereign wealth fund, the world's largest endowment in Harvard is now buying bitcoin starts to do it. That opens up the door for all the other relevant parties, other endowments, other sovereign wealth funds to do this in a very interesting way.

again to the blow off top. So very exciting news here.

Now look at this, folks. China is considering allowing you on back stable coins. We just yesterday talked about Japan launching a stable coin on the Avalanche blockchain, so we are seeing game theory play out here. We know the United States has passed stable coin legislation, the Genius Act, and many banks are going to launch their stable coins. So you're seeing a big move towards stable coins around the world. So China weighs you on back stable coins

in major policy shift. According to Reuter's let me give it to details, China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese you on back stable coins in what would be a major policy reversal. Chinese authorities may authorize you on back stable coins for the first time to promote global use of its currency, Reuters reported on Wednesdays, citing sources familiar with the matter.

If approved, China's plan for stable coin use would mark a major shift in its approach to crypto after the country banned crypto trading and mining in September twenty twenty one. New has followed multiple reports suggesting that mainland China had been warming up to stable coins amid a US stable coin push in twenty twenty five. So again, game theory. No one wants to get left behind, and this is the future of the markets in the economy. This is going to be the currency wards. It's going to play

out in the stable coin format. And of course the US still has the world reserve currency, and now with legislation pass and with stable coin issuers buying US debt, that is going to help solidify the US dollars dominance as the world reserve currency. But you know, China is not just going to sit on its hands. They're going to compete. And I've been hearing about China looking to insert its own digitally you want or CBDC in different markets and countries that it's helping to develop. So there's

going to be a big geopolitical battle here, folks. But clearly the technology is here. To say, there are people who still think blockchain is some fad, some ponzi right, they think the crypto assets is all a scam. They have not educated themselves, and clearly role superpowers are moving towards adopting this technology. And I'm very curious to see how China rolls this out. And they're not going to be the only one, you know, as I mentioned earlier Japan,

they're going to launch THEIRS in every major country. I believe we'll have their own version and all of this is good for crypto And again, like I said, for Japan, we want to see which blockchain this is built on. Maybe their own blockchain, but there's going to be many countries they're going to build on public blockchains. Like Japan

is building an avalanche, So incredible news here. This is very bullish, And one of the things I wrote about last year in my newsletter was I believe China has been using Hong Kong, which it controls, as the testing ground for stable coins, for ETFs and crypto and much more. One of the things I expect is for China to open up ETF crypto ETF trading to mainland Chinese citizens. Why because it allows the capital to stay in the country.

China's had a problem with capital leaving its countries. And if you put it in an ETF rapper, it ain't going anywhere, right, It's not like they bought it that Like people buy it on an exchange and then they can move the acid out the country. You can't do that with an ETF. It is in the rapper, it's being reported to their version of the sec right. So this is where I believe the next move for China is to open up ETF. And it's just a matter

of time. Anyone who bans this technology, they're writing their economic death sentence because, as I've been telling you, guys, beating the drum, blockchain rails are going to power the governments, the economies, and the markets. That is the direction to Puck is heading in. And I've often said over the years, We're headed to the token economy, tokenization of all assets, so including your fiat currency. Right. So this is incredible,

incredible news. So, according to the sources, China's State Council will view and potentially approve a roadmap later in August to expand global use of the yuan. The plan reportedly includes steps to counter US progress on stable coins and guidelines for risk prevention. One use case for a potential yuan back stable coin from mainland China would be the implementation of stable coins for cross border trade and payments

with some countries. The issue is expected to be discussed at the Shanghai Cooperation Organization Summit that will be held between August thirty first and September one. Very interesting, folks, And you know, speaking of governments and central banks, today we got another FED representative talking about crypto and stable coins. Yesterday,

I share that Bowman was at the SALTS conference and she was talking about stable coins as well as tokenization and much more. Well, look at this fed's waller urges embrace of innovation as central banks FMC discusses stable coins, so together the private sector in the FED could help bolster the US payment system, Waller said on Wednesday during the Wyoming Blockchain Symposium. Waller's comments came hours before the FED released it's minutes from a meeting in July where

stable coins were discussed. Again, do you see where the puck is heading. All the major central banks, all the main superpowers are involved here. So this is where again, we are all invested. We want to make money, but

you also have to have the macroview. And I've been telling you guys, I'm not just bullish and excited about this ballmarket and its blow off top, but also for the future ballmarkets, because these things are going to take time to be built and the rails and the setup, and I expect the crypto market cap to continue to grow.

Potentially we could reach ten trillion dollars by the time this thing hits a blow off top this year or early next year, and then the next bullmarket could we see thirty trillion right or twenty five trillion or something like that. It's going to continue to grow, just like other asset classes. So it's going to be very interesting to see how this all plays out, and in addition, you're seeing the convergence of many different technologies. You got Ai, robotics, blockchain,

stable coins, crypto and so forth. So very very interesting times, folks. All right, folks, quick word from our sponsor, and that is Treasure. Treasure makes beautiful hardware wallets that make it easy for you to self custody your crypto assets. And I'm a user of the Treasure say five device. It's a great hardware wallet, very easy to use, and I'm a big believer in self custody. I have been saying for years I keep the majority of my crypto assets

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statements some Senator Cynthia Lummis about the claritiac the Market Structure bill and when that could pass in the Senate. We heard from David Sachs about a month ago. The White House cryptos are saying that by the end of September they're going to go through the different votes, you know, to review the bill, to talk about it on the floor, know,

the whole crazy process that they go through. And then I was saying that most likely this thing is going to pass in October, because government never moves on time. We saw where the Genius Act there was delays. Democrats will fight a bit, you know, the whole dog and pony show, right, but we know it's going to get done. Guys. The Genius Act pass and now the market structure is and center. Lum Is, speaking today at the SALT conference

in Wyoming, gave some big statements. Let me play a clip for you.

I hope it's before Thanksgiving. So that's that's our goal. So we will have market structure done this.

one of those major pillars. It's going to be huge for the market and have a lot of euphoria behind it, a lot of retail, a lot of mainstream coverage, and that's where we're going to be looking to exit the market if you are planning to take profits. So big update. I'm going to try to get someone from the Senate on the podcast, maybe Tim Scott, if not centered a lummus, to talk about all these things. But it's gonna be exciting.

It's going to be an exciting Q four guys. I'm really really looking forward to it and the market continuing to move. Now, look at this. The Winklevoss twins donate

twenty one million dollars in bitcoin to a pro Trump pack ahead of US midterms. So they are of course the bitcoin billionaires. They were early investors, they founded the exchange Gemini, and they have made big donations to pro

crypto candidates even in the recent election. So Cameron and Tyler Winklevoss, co founders at the cryptocurrency exchange Gemini, said they had sent more than twenty one million dollars worth of bitcoin to a political action Committee with the express intention of helping US President Donald Trump's crypto agenda with

a Republican majority in Congress. In a Wednesday expose, Tyler Winklewass said they contributed more than one hundred and eighty eight bitcoin worth about twenty one million dollars at the

time two d Digital Freedom Pack. According to the Gemini co founders, their goal with the contribution was to support President Trump and his administration efforts related to crypto policy by attempting to influence the twenty twenty six US midterm elections, support market structure legislation, and fight for other issues related

to digital assets and blockchain. Here's a quote. The Digital Freedom Fund will work with similarly aligned pro crypto groups and look to identify and support other issues like the the Minimus tax exemption for bitcoin, with which grants tax free status to gains under a certain amount, and other crypto transactions that will unleash the potential of these technologies our industry in America said the Winklevosses and our private position will always be the same as our public position

on these matters, so they are continuing to fight from a pro crypto standpoint. We'll see how the midterms go. I don't think there's going to be a lot of Democrat pushback on this issue. I think crypto has one right, Gary Ginster, Elizabeth Warren of being defeated. And there's a lot of pro crypto Democrats out there now, many who voted to get legislation through. So yes, you're going to have your detractors, but the main ones are out There

was the guy in Ohio as well. His name escapes me, but he was like the general in the anti crypto army. He's gone, So I don't think there's going to be much of a fight, but I could be wrong. But the winklebost Wins are donating, getting ahead of it, trying to make sure that anybody who's anti crypto does not win in the midterms. So very interesting. Now look at

this news. Nasnak to dalist the BnB treasury company Win Tree Therapeutics for non compliance. Now I share this news not because it has anything to do with BnB as a token, but rather, as I've been highlighting, there are risks to these digital asset treasury companies and that we could see a blow up come the bear market, so you got to be careful. I'm not saying all they're going to blow up. I'm not saying I want that

to happen. I'm just saying, as a student of history and the financial markets, we've seen when too much leverage is used, and especially by a lot of parties, there's going to be some sort of blow up and liquidations. And not all of these companies are well run. I've made those statements right. You're going to have companies that are poorly run, their CEO makes bad decisions or whatever it may be, and you know things are not going

to happen. But very interesting that the NASDAC here is delisting this company, and here's some details as to what may be the issue. The firm appears to have confirmed the exchange's concerns in a US Securities and Exchange Commission filing on Wednesday, which shows the firm is non compliant with NASDAQ listing Rule five five five zero a two that requires a company stop to maintain a minimum bid price of one dollar per share. So we'll see how

this works out. But this is where we got to watch these digital asset treasury companies closely to see you know, which ones are making the right decision and which ones are not crack In and backed expand tokenized stocks to

tren ecosystem amid RWA push. So many of these crypto exchanges are trying to tokenize stocks because they see where to Puck's heading right and that everything will be tokenized. So on Wednesday, cryptocurrency exchange cracking and tokenization platform back to Finance announce an expansion of x stocks, a tokenized

stock product offering two detron blockchain. The move comes as real world asset tokenization, particularly within stocks, is taking hold, so according to the announcement, Backed will deploy these stocks as TRC twenty tokens. Previously cracking and backed launch x stocks on Solana and BnB chain, debuted in late June twenty twenty five. X stocks has had more than two point five billion dollars in combined decks and CeX volume,

according to a crack In blog post. So the race is on here, folks, and competition is good for the consumer of course, so there's gonna be a lot of option. Coinbase is also looking to do the same thing. In addition, Cracking acquired capitalized AI as crypto companies by AI startups, so Kraken's acquisition will add natural language, trading, automation to

its pro platform. As exchanges, miners, and analytics companies move aggressively into AI, so don't be surprised if you see AI features on crypto platforms and exchanges, even in wallets that will help make things easier, can walk you through the process. So I think it's a good idea for them to do this because AI can really help a lot of people who are new to crypto. It can help the crypto cures the people who still need handholding

in the journey. So this is really great and it can help automate some more things and if you're looking to do some trading and whatever it may be, this is all good, great great news, So big news on this front. Now, speaking of exchanges, today I published my interview with Sean Agrowal of Coinbase. He's the chief business officer, and we talked about the JP Morgan and PNE bank partnership which we recently heard about. They both selected Coinbase

to do crypto services like trading and much more. So check out at interview I published it this morning. Guys, great insight as to what these banks are doing and two really big banks, obviously JP Morgan being the biggest. So things are heating up in the crypto space. Banks are all in and they're going to launch stable coins and trading and much more so strap in. There's still the best is still yet to come in this market, folks. All right, 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 is by subscribing to my free email news that it is one hundred percent free, so check out the link in the 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 everything about crypto. It

is packed with tons of value. If you want to expand your knowledge about this technology and asset class, this is the course for you, So go to Mycrypto course dot com. Folks, thank you so much for watching and listening. I appreciate you all and I'll talk to you all later