COINBASE'S BASE TOKEN IS COMING! SHOULD YOU INVEST?

but I did want to highlight that bitcoin on the daily chart. The mac D has flipped bullish, so we got our first green bar here and let's see how far this takes us. As I've been saying, we got to be patient. The market is still recovering from that October thirteenth dump and manipulation, and you still have some headwinds because we're still waiting for the government to reopen.

We're still waiting for the tariff situation to resolve. Obviously, we're gonna wait for the Fed to see their decision next week or this coming week with regards to raycuts, in addition to other factors, so there's a lot on the whole, but we got to be patient and just let the market do its thing. But as I stated, in yesterday's podcast and in my newsletter, we're seeing some positive signs here. Now we need bitcoin to close this week strong. So tomorrow a Sunday, of course, we need

a strong close. I think above one hundred and eleven thousand would be really good because right now on the weekly chart, the bears are still in control. Now in the monthly the bulls are in control. But again, the market has to do his thing. We got to start seeing the strength. But look, we can still get faked out and go test some lows. Right, We've seen these things time and time again, so let's see what happens.

Let's be patient. One thing we continue to see is that global liquidity continues to break out, and that has been leading all acid classes. And we saw gold hit a top. Whether that's local or the blowff top, I don't know. But then the S and P five hundred started hitting new all time high, so we're starting to see the rotation. So again we got to be patient. Tom Lee, who's made some very great calls throughout the

bullmarket cycle, he is expecting cryptoa rally in today end of the year and says the S and P five hundred could climb another ten percent. So again, he's made some great calls, but obviously doesn't mean he's absolutely going to be right with this call. But I do believe the higher probabilities on his side for his take here because of the data, not emotions, not feelings, not biased, simply the data does align with his narrative that he's saying here, and so fingers cross, all of this plays

out right, folks. All right, I want to talk about

Coinbase's base Layer two token that is coming, folks, because we got an update from JP Morgan. Now I'm not want to take investment advice from JP Morgan, but the point is it looks like they're trying to prep the market for this launch. So Coinbase stock surges after JP Morgan upgrade on Base USDC potential. So JP Morgan Chase upgraded the cryptocurrency exchange, highlighting the new monetization opportunities tied

to its base network and USDC payoff strategy. The bank's analysts lifted their rating to overweight from neutral and raise their price target to four hundred and four dollars per year, implying roughly fifteen percent upside from current levels. JP Morgan said Coinbase is leaning into its base layer to blockchain, and exploring ways to better capture value from the platform's growth.

The bank estimated that the launch of a base token could represent a twelve billion to thirty four billion dollar market opportunity, with coinbases retain share potentially worth four billion to twelve billion dollars. Analysts noted that the tokens distribution would likely prioritize developers, validators, and base community, So folks, there's an opportunity here. I agree with JP Morgan on this. Once again, I'm not taking advice from them. I'm just

reporting the news. But we have seen coinbase grow significantly. They're the largest exchange in the United States with a very strong brand. They have expanded internationally and they can teue to do so. They launch Base, which is getting a lot of adoption. Even JP Morgan has been tokenizing on Base, and you have other institutions as well, and there have been rumors and statements from certain folks at coinbase that they're going to launch a token. Now, this

is a token I will look at investing in. So I'm not telling you you should do that. You should do your own research, but I'm going to look into doing this because I think this will capture a lot of value. Again with the brand, the positioning of coinbase in the United States. You got the crypto market structure build coming up, right. We often talk about one of the top signals is when the coinbase app ranking hits you know, one through ten, it's in the top ten,

sometimes going to number one. Those are top signals, right, because it's showing that retail is here. So Coinbase has a massive brand, it's one of the most trusted exchanges. Right, So this is a coin I would be looking to invest in. Now, Will I go buy as soon as it launches and if it's near the peak of the market, Hell no, Right, I'm gonna wait for it to correct and like in the bear market, and then buy now. You can go buy the top if you want. That's

you know, your prerogative. But I'm just telling you that's what I'm doing. And I'm gonna do what has paid off for me buying the blood on the streets, never buying into pumps and being patient and let the coins do their thing as the bull market heats up. So guys putting this on your radar, let's watch this coin. You see what binances coin b and B has done. I mean that thing is over one thousand dollars right, and I do believe a basis token can do really well.

So again something to keep on your radar. Now, speaking of Binance, huge news Kyrgyzstan to launch a stable coin,

and B and B plans CBDC in partnership with advisor champing Zao. So we know cz was added as an advisor, so they got their foot in the door. Binance is going to be the one supporting them in many different ways. So it's amazing to see these countries building with crypto right and setting up different crypto products and using the blockchain technology and much more so. The Central Asian nation of Kyrgyzstan has rolled out a new stable coin KGST,

pegged one to one to the country's SOM currency. President Sadir Japarov announced on Friday, following a meeting that included Binance founder Champang Zau. Zau signed an agreement with Kyrgyzstan's National Investment Agency in April, pledging to cooperate with the government in cryptocurrency and blockchain development in the nation. Now, following the second meeting of the nation's National Council for

the Development of Virtual Assets and Blockchain Technologies. Kyrgyzstan is rolling out a or the KGST stable cooin PEG to

the country's som currency, the government announced. Japarov also issued other crypto related decrees following the meeting, instructing the country's Economy Ministry to improve the legislative framework for digital assets, calling on the Council to submit proposals for a state cryptocurrency reserve within two months, and telling the National Bank to begin pilot testing of the digital PSALM, a CBDC

apparently separate from the kg SC stable coin. Wow, lots happening here, guys, Very bullish for the country itself, Very bullish with the adoption of crypto because you know, neighboring countries are going to be paying attention to this game. Theory will play out, and this is very big for Binance. Clearly going to be building on the finance mart chain and Binance is probably gonna help facilitate a lot of this.

So pretty incredible move here by Binance, very strategic and like I said, guys, I'm sure they're gonna get call some of the other countries who are participating. Cz himself you know, he tweeted out about this and highlighted all of these respective wins. So incredible stuff here now, folks, this episode is brought to you by Proppy. Propy is leading to charge with putting real estate on chain. I'm

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to propy dot com could be in the description. Now check this news out, guys, this is cool adoption news.

Ferrari to launch digital token to let fans bid on its Lemons winning race car. So you may not be into cars, you may not be into Ferrari and car racing and much more. I love Ferrari as a company and a brand in the cars. I wish I could own one maybe, As you know, I take profits in this bullmarket, But of course I think I have some smarter things to do with the money right now, you know, take your family, eliminate debt. Things I got right, but you know, you never know. I wouldn't mind buying a

classic Ferrari, not necessarily a new one. But anyway, I digress. This is really cool adoption. We're gonna see many brands and companies around the world. Use blockchain technology, get creative, get people to be more involved with their brands, and give them more ownership. Right, That's what this technology opens up.

So let me give you the details here. Ferraris entering the cryptocurrency world with plans to launch a digital token that will allow it's wealthiest fans to bid on one of its most iconic racing cars, the Ferrari four nine nine P, a Lemon's winning endurance model. The Italian carmaker will issue the token Ferrari four nine nine P in partnership with fintech firm Coinio, aimed exclusively at members of its hyper Club, a private network of one hundred elite

clients with a passion for endurance racing. According to a Saturday report by Reuters, here's a quote. This is about strengthening the sense of belonging amongst our most loyal customers. Enrico Galliera, Ferrari's chief marketing and commercial officer, reportedly said holders of the token will be able to trade among themselves and participate in exclusive auctions, including one for the fourigy nine nine P. The initiative is set to debut

alongside the twenty twenty seven World Endurance Championship season. So, folks, as I've been saying for years, we're headed to the token economy. Many brands and companies will have this, and I've often said the markets, the governments in the economies will all be running on blockchain rails. So really cool news here, and I've often talked about crypto is a

global acid class, in fact, the first truly global acid class. Some people will say, what about gold, Tony, Well, gold you can't easily verify to supply. You don't have real time settlement, you don't have portability, you don't have the visibility, you know the benefits, right, So you have all of that with crypto, to touch of a button on your phone. You don't have that with gold, even though you know a lot of people around the world may say I

hold gold. But again, all of that was not verifiable. It was incredibly segmented, right. But with crypto, man, you can plug into the blockchain and see everything that's happening, right, and what's moving which wallets again, the instance settlement, and much much more so. And this is because of the Internet. Right You're seeing all these networks are built on the Internet, and everybody's pretty much connected to the Internet. All you need is a smartphone. You don't even need a lab top.

So countries across Africa approve new crypto laws as adoption grows. So yesterday, the Governor of the Bank of Ghana, the country's central bank, said the crypto regulations will be in place by the end of twenty twenty five. This follows draft guidelines the Bank published last year. By introducing a strong legal footing for crypto investadors and companies, Ghana will join nine other countries on the continent that have laws in place for digital assets. In general, crypto adoption is

growing in Africa, particularly in Sub Saharan Africa. Grassroots adoption and retail activity make it the third fastest growing region for crypto. Lawmakers are taking notice. Here's a look at ten countries that have developed or are developing specific legal framework. So it includes Kenya, Tanzania, Sei, Chile's Mauritius, Botswana, South Africa, Namidia, Rwanda, Nigeria, Ghana.

So guys, this is incredible. I mean, many folks in these countries they are recognizing that this is a store of value and they can do a lot of things. They can earn better and I think people are going to start waking up more and more to this, and there's going to be more adoption, and I think the governments are recognizing it. And look, I think we know all governments are going to embrace this. And I've said many times, any country that bans cryptos is writing their

economic death sentence. So this is really really bullish, guys, really great to see. Final news item here Tether eyes

fresh investments to push us AT stable coin to one hundred million Americans at December launch. So many of you know this is Tether's us A compliance stable coin called us AT and they're gonna launch it in December, and it looks like they're gonna raise capital to do so. I plan to have Bohinz who is heading up this, and you know, we'll talk all about all the details, but this is pretty cool. So mark your calendar is here. Teler's launching this come December, and let's see how they

make the push. The US market is very competitive, to say the least. Right, you got USDT already in the market. Some people use that you got USDC, you got Paypals p Y USD, you got Ripples r L USD, and there's some others as well, but incredible. Let's see how it plays out. Competition is good for consumers and us as users, so let's see how it all plays out. But this is very interesting, folks. That's the news. Let me know what you think. Leave your thoughts and comments

below hit the thumbs up button. If you appreciated this content, please support the podcast by subscribing to my free email news that are on Substack. It is one hundred percent free. I put out a write up yesterday, so check it out, and also check out my book on Amazon. It's available in paperback in digital, and my course at Mycrypto course dot com. This is a comprehensive course that teaches you everything about crypto, so check it out. Folks. Thank you

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