CRYPTO, GOLD, & SILVER PUMP AS FED JEROME POWELL TAKES ON TRUMP! - podcast episode cover

CRYPTO, GOLD, & SILVER PUMP AS FED JEROME POWELL TAKES ON TRUMP!

Jan 12, 202616 min
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Episode description

Crypto News: Bitcoin, gold, and the stock market are on the move as Fed Chair Jerome Powell responds to Trump DOJ investigation. Elon Musks's X teases crypto-aware ‘smart cashtags’ just day after community backlash.
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Bitcoin & Altcoin analysis
03:47 Fed Jerome Powell video
11:31 Elon Musk's X Crypto cashtags
12:53 India Crypto KYC 
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#Crypto #Gold #Stocks #Trump #JeromePowell #Fed #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #Altcoins #NFTs #Metaverse #Podcast #ThinkingCrypto
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The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
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Transcript

Intro

Speaker 1

Hey, everybody, Welcome into the Thinking Crypto podcast. You're home for cryptocurrency news 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. Okay, folks,

Bitcoin & Altcoin analysis

we got to kick it off with the charts because we got gold ripping, we got bitcoin ripping, the stock market's looking great, and we've got big controversy going on with feedscher, Jerome Powell and President Trump. First off, bitcoint at the time of recording at ninety three and fifty two dollars. So we're seeing some movement here. Nothing big on the charts right now. The bowls are still in control in the daily chart, the mac d's and the green and the RSI still shows room to run here.

As we've been talking about, we're gonna stare step our way out of this correction that we've seen. But don't be surprised if there's another retest to test the lows, maybe a on seventy ak eighty K before we see a true breakout. But I'm just letting you know a possible scenario. It's not guaranteed because no one has a crystal ball, So we're gonna go based on the market

movements and the price action. But this is great to see, and it could be bitcoins moving right now along with gold and other assets because of the uncertainty we're seeing between Fetcher Jerome Powell and President Trump. And I'll play it a video of what Fetcher Jerome Powell had to say this evening. Now, if we look at gold, it has hit a new all time high, folks, so it's currently trading at four five hundred and seventy eight dollars. So we've been seeing gold lead the bull market. Silver

has caught up and it has been rallying. And we've often talked about the rotation of liquidity between these different asset classes, the stock market, gold, crypto, and so on and so forth. A positive sign on the stock market front is that the russell has been hitting new all time highs and if you look at the SMP five hundred also doing the same thing. So these are of course great leading indicators telling us that the bull market's

not over. Now. The big question we all have for Bitcoin is is its move that's coming going to be simply a relief rally and then roll over into the bear market or a continuation of the bull market. Personally, I'm leading more towards the continuation of the bull market, maybe a move to the blow off top and then also have a true all coin season, but that's not guaranteed, okay.

So we as educated inform investors, we want to look at the different scenarios that could play out and look at which one has the higher probability of playing out. So I will of course update you guys on my thesis and my strategy and the moves that I make based on different price actions, but obviously you should do

your own research. Now, some good things that we are seeing is that on Total three, which is the all coin market cap excluding Bitcoin, etherorem and stable coins, that's been seeing some strength bulls in control there, and all certain all coins like privacy coins have been making new highs. We saw z cash did that about a month ago. Now monaro xmr it is making a new high. So

these are things to take into consideration. These alter are moving and it looks like Minera is about to break into price discovery and In addition, Ethereum, you know, its chart is looking great as well. The eth slash bitcoin chart is also looking great. It looks poised for a breakout. So we want to see Etherorem do well because that's

going to bode well for the all coins. Right, many all coins are built on Etherorem, and because it's the number two all coin in the market again, that liquidity starts to flow to the rest of the all coin market. So this is what we want to see. Obviously, we got to be patient and let the market do its thing, and you know, this week it's going to be a

Fed Jerome Powell video

big one. As mentioned earlier, Fed shair Jerome Powell came out this evening with a video responding to a DOJ investigation into him and the FED build building renovation and so on and so forth. But clearly there's a political angle here to some pressure being put on Pale from Trump's administration to try to get him to cut rates. So let me play what fetcher Jerome Powell had to say.

Speaker 2

Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned, in part, a multi year project to renovate historic Federal Reserve office buildings. I have deep respect for the rule of law and for accountability in our democracy. No one, certainly not the chair of the Federal Reserve,

is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure. This new threat is not about my testimony last June, or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role. The FED, through testimony and other public disclosures, made every effort to keep

Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president. This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will

be directed by political pressure or intimidation. I have served at the Federal Reserve under four administrations, Republicans and Democrats, alike, in every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do with

integrity and a commitment to serving the American people. Thank you.

Speaker 1

Okay, so you heard that right now. I know this doesn't entirely have to do much with the charts and so forth, but the dynamic of what the Fed is able to do with quantitative easing and rate cuts, you know, this could play out well for the markets. You know, maybe because they see Jerome in a bad position, maybe right, and that a new FET chair is coming this year and that we'll do Trump's bidding, and maybe the markets are looking at you know, could this pressure from the

Trump administration force Powell to cut rates even more? So? We shall see, but it's something you need to be aware of because it does affect all the markets. Now, the other factor this week that's going to be very impactful is the Supreme Court is going to rule on Trump's teriffs, right, and that's going to be on Wednesday, January fourteenth. It was pushed back from Friday, you know, we were supposed to hear from the Supreme Court, but

now it's on the fourteenth. So let's see. Some of you may say, well, what does the tariffs have to do with the markets, Well, look at what the tariff announcement did at the beginning of twenty twenty five. It crashed all markets and we had an extended correction, right, and then slowly we started coming out as Trump backtrack some of those terriffs and delayed even to China tariffs and so forth. So let's see. You know, what the ruling does. I don't know if it's going to be

entirely positive. We got to see if it's a nuanced ruling, we'll see how markets react. But maybe it's positive and its additional fuel to the fire to send bitcoin and the other markets rally. In addition, President Trump is clearly trying to put out big incentives ahead of the midterm elections. You know, he's talked about the tariff stimulus money, you know, sending checks to people. He's talked about capping credit card interest rates at ten percent, and all kinds of stuff

like that. Right, So we're starting to see the push to get all these things done. In addition to the other one of you know, bailing out the mortgage backed security you're buying those from Fannie Mae, Freddie Mac to be able to lower interest rates and making housing more affordable. Anyway, I think you guys get my point. He's gonna roll out all the bells and whistles ahead of the midterm elections. So let's see all this could bode well for the markets.

And markets love liquidity, they love easy money. So if all these things are going to help consumers to be able to invest and be more confident in the economy and much more, that's going to do well for the markets. In addition, we will have the markup of the Crypto Market Structure Bill this week. I think it's Thursday, So

things are moving ahead. The US Senate Banking Committee gop account tweeted out that Chairman Senator Tim Scott is moving forward on digital Asset Market Structure legislation, delivering clear rules that protect main street, keep invasion here at home, and safeguards US national security. So we're gonna see movement here again. All these things bode well for the market, So let's see, guys,

let's see what happens. And you know, one of the metrics I've been monitoring is what are the whales doing? And they continue to accumulate so on chain data from sentiment and if you want to learn about sentiment, like would be in the description they track, you know, the bitcoin whale wallets while it's of ten or more bitcoin. And we are seeing slow accumulation here. So the distribution that was happening in Q four has pretty much come

to an end. And I'm looking at this closely to see if it picks up steam because then you'll know the price will start to follow, guys. So we want to look at multiple factors, not just one. We can't just look at charts, we can't just look at the macro, we can't just look at on chain data. We have to look at them collectively to get a better view and understanding of what's happening in the market. So let's see what this week brings us. It could be very

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this is the safest way to custody your assets. So I trust capital offers some amazing, amazing options here that could be very beneficial to you. So if you sign up with my link, you can get one hundred dollars funding bonus. So if you'd like to learn more, check out the link in the description. All right, folks, we got some interesting news about x so formally known as

Elon Musk's X Crypto cashtags

Twitter and Elon must We know is very bullish about crypto blockchain Bitcoin. We know Tesla and SpaceX boat hold Bitcoin under balance sheet. We know Elon personally holds Bitcoin, e theorem and doche coin. Well, here's the headline. Elon must x teases crypto aware smart cash tags just a day after community backlash. So this is interesting. X head of products that the platform is building smart cash tags that recognize specific assets, including crypto tookens and smart contracts.

The announcement came one day after the backlash from the crypto community over a now deleted post by Nikita Bier. Bier said X is collecting feedback as it works toward a possible public release, which could occur as early as next month. So let's see what Elon comes up with. And you know, he's been cooking up some stuff with X and x dot com, and we know he wants to integrate crypto trading and stock trading and all types of financial services on X. And we know he's going

to use blockchain data. Right, the future is stable coins and crypto and blockchain, so there's no way he can avoid it. And he knows about it. Obviously, he is invested here, so he could come out with something that could be very bullish for the market. So let's wait and see what may happen here. Okay, final news item

India Crypto KYC

here India titans kyc requirements for crypto user onboarding. So again, across the globe, we are seeing crypto guardrails being put into plays, the rules, the regulations and much more. We know the future. This is the future, right the future, government's economies and markets will all run on blockchain rails. So India's Financial Intelligence Unit, a regulatory agency that sets anti money laundering and Know your Customer regulations, issued new

guidelines tightening rules for onboarding users to crypto platforms. The new rules force regulated crypto exchanges to verify users through live selfie pictures and geographic location verification. According to the Times of India. The live selfie pictures are verified with software that attracts users eye and head movements to prevent AID figs from being used to bypass Know Your Customer verification process. So, folks, all the governments around the world,

this is what they're doing kyc AML. They want to tax tax it. Of course, they want to monitor where their currency is going because they know a lot of their fiat currency is going to go into these crypto assets. They could be moved across borders. Right. This is one of the things China was worried about because of the capital flight risk. So again, India is going to do the same thing all the countries, so just get be prepared. This is if you live in those countries. This is

what's coming. But the important thing here right from the macro they're not banning this, they're embracing it. It's here to stay, and the governments are going to be using the blockchain tech, the private sector of the public and so on and so forth. Right, so things are moving in the right direction, even though some countries may get a bit draconian. You know, I'm a big believer in privacy, but there's obviously certain things we can avoid or right, folks,

that's the news. Let me know what you think, especially with the markets starting to move here, It's going to be a very interesting week, to say the least. There's a lot of things coming up. Like I said, the tariff ruling, the crypto market structure, the ongoing drama between President Trump and fetcher Jerome Powell. So let's see how the markets move this week. Folks, be sure to support the podcast by subscribing to my free email newsletter. It

is one hundred percent free. Link would be in the description. 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 you need to know about crypto folks, thank you so much for tuning in. I appreciate you all, and I'll talk to you all later

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