DEMOCRATS READY TO PASS CRYPTO LEGISLATION! MICHAEL BURRY SHORTING BITCOIN & CME GROUP COIN!

do with the Claritiac. It's actually positive. Michael Burry is shorting bitcoin and he shared a chart today. Plus the CME is looking to launch its own token. That's pretty big. Let's get into it, Okay, folks, we got to start

with Michael Burry. Many of you know, if you've seen the movie The Big Short, he is a big time bear, always looking to short markets rate and he got it right into Great Financial Crisis, looking at mortgage securities and all these things. But he's gotten a lot wrong since then. And one of the things I often state is many of these bears, they've become a little bit delusional, not realizing that governments are going to use the money printer.

Since two thousand and eight, they figured out the way to solve a lot of the problems and prevent deep market crashes is to print money. Now, that doesn't mean he's going to be wrong all the time. He could be right in different ways. I think he was right about Palenteer if I'm not mistaken, don't quote me on that. But anyway, he shared a chart today on x stating BTC patterns and showing a bear setup that almost like we're mimicking twenty twenty two in the bear market, right,

So is he right? It's possible, But let's look at the data, right, because he didn't provide much data. All he did was provide the chart and pointed arrows at the structure. But it's not just about structure, it's about the supporting conditions in the market. Right. And remember Bury is shorting, so he's going to try to put fear

out there and all these things. Again, I'm not saying he's wrong, but I like to look at the facts, not be sensationalized or emotional about these things, saying percentage of a chance here that he has a valid point and maybe things are going to go lower. So one of the things I've been highlighting is that the RSI on the daily, weekly and even the monthly is approaching over soul levels and bottom levels, which we've seen throughout

previous bear markets. So markets don't go in one direction forever. They're cyclical. So I believe we're very close to a bottom. And whether that bottom takes us to just simply a relief rally to back to one hundred K or one hundred and five K then rolls over to lower prices or to new highs is to be determined. But the point is some sort of reversal is coming. We got extreme fear, we have extremely over sold conditions, you have

a lot of people capitulating. You've got bears like Michael Burry coming out and saying all these things right, and even other folks like Richard farr A coming out here and saying, I concur with Michael Burry. Our BTC price target is zero dollars. That's not just for a shock factor,

it's where the mat takes us. And he continues and continues on his spiel, just outlandish things, right, it's going to zero, and other bears it's going to three thousan and it's like, wait a minute, market structure doesn't show that, but of course they're putting the fear out there. Didn't want people to capitulate. We've seen this time and time again. And when the price is pumping and we've entered you

four year zone, you're going to see outlandish things from bulls. Right. Oh, this thing is not going to stop, it's going to go. But we don't want to be emotional. We want to be level headed. We do not want to move with the emotions of the market. We want to look at the data and enter the market at appropriate times and exit the market at appropriate times. Right, So you're seeing

just outlandish things from bears. And look at this as far as the analyst consensus index, almost every bitcoin analyst is now bearish. So again the herd is turning bearish and you're just seeing fear depression and all these things on social media. That makes me bullish. That means some sort of bottom is near, guys. And again you've got different metrics that are highlighting that. Right, So bitcoin could

be setting up for a reversal. I'm not saying it's going to happen tomorrow or next week, but maybe February. We bottom out in March we're running again and again I'm basing down on the data, the RSI and what we're seeing there. And on the all coin front, analyst Matthew Hyland highlighted the all coin dominance chart versus Bitcoin dominance and he said the last time all coins were in this setup was in the summer of twenty twenty. It has been over five point five years. But the

tides are turning. So essentially we're fighting a bottom a support level here for the all coin dominance, so a reversals coming. In fact, the macde has flipped bullish. So these are just data points, guys, not emotions, not hyperbole, not hype, not things to make you feel good, right, not fairy tales, just what is the data showing us, and that's what is showing you, right. So as often time in the market is better than trying to time the market, and we want to follow the data. These

are great signs. Now, we got a big update here

around Democrats and the Claritiac. So we know many Democrats have been pushing back because of the Trump crypto companies and the conflicts of interest and things like that. Well

we got a really great update. So apparently Senate Democrats, they reconvened and meant to discuss the market structure bill amongst themselves, and Eleanor Tarrett reported that in today's meeting, one Democrat staff source said discussions were positive and the gathering was arguably the most productive Democratic meeting to date.

Senate Majority Leader Chuck Schumer made an appearance emphasizing the importance of industry engagement and urging continued momentum to get the legislation done while members still have their definitive ass The takeaway from the meeting was that the effort, thought to be on life support just a few weeks ago, is far from dead. So we know Senator Schumer turned pro crypto since twenty twenty four, right, him and other Democrats, they left Elizabeth Warren and Gary against behind and they

started supporting crypto. You had Richie Torres and many others. They went against Elizabeth Warnon, which was a good thing. So there are supporters for crypto in the Senate and in Congress as a whole. The problem under the Biden administration, you know, before the election results and so forth, was that Elizabeth Warren was controlling the narrative, and you know, she had the top seat, you know, financial oversight seat. So now she's lost that power. So the Democrats, I think,

can move forward here. So this is a very good sign. I think they know there's an opportunity to get Crypto done. And I think those Democrats who are not you know, extremists, they get it, like, hey, look, this is one thing we should get done. We can fight Trump and the Republicans and other things, but let's get Crypto done. Right, Because it's made its way through the House with Democrats support. So I think Schumer, you know, weighing in here and saying, hey, look,

let's get this done. I think it will work out well. Now, obviously a lot of banks are trying to lobby Democrats but also Republicans too, but hopefully, you know, we just need a handful of Democrats to work with the Republicans and we can get this bill through the Senate. It is hard to get bills through the Senate. So this is not something specific to Crypto. But obviously the banks are fighting back, and look, Crypto's building a massive war tress.

I believe the last count was they have one hundred and ninety three million dollars. I think it's fair share. I think it's the pack, so they're ready to spend. And I think Democrats, many of these Democrats remember what happened in twenty twenty four, so I think they're going to try to get this done. And if they're pro crypto, the crypto money will back them for their campaign. So there's a lot of moving parts and pieces to this, but guys, this is very good. This is very very good.

And even polymarket is showing the odds of the Claritiac passing twenty twenty six going up, so I think it's at seventy three percent right now. So very good things here, folks. This episode is brought to you by v Chain. Vchin is one of the top layer one enterprise blockchains in the crypto market. I'm personally a VET token holder, I have been since twenty eighteen. I'm bullish on this project. So many brands and companies are building on the v

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some very big news coming out around the CME so Wall Street giant CME Group is eyeing its own CME coin. The CEO says, wow, folks, when I was telling you all that enterprises and companies and banks, all these things will issue their own tokens and we're headed to the token economy. And I've been saying that for a long time since like twenty eighteen, I wasn't kidding. It's they're going to put all these things on the blockchain. It's going to change the way brands and companies interact with

their customers and much more so. CME Group CEO Terry Duffy indicated that the company is exploring launching its own token that could operate on a decentralized network. The initiative is part of a CME's waiting on tokenized collateral, and the firm is collaborating with Google on a tokenized cash solution set to launch later this year. Wow, that's big.

Duffy's comments are the first explicit mention of a proprietary CME issued asset, as the firm prepares to introduce twenty four to seven training for all crypto futures and new futures contracts for Cardono, Chainlink and Stellar Now. One of the key things he mentioned was that they're looking to do this on a decentralized network, so most likely it's a public blockchain, so it could be Ethereum or Solana. You know, those are being the big ones that are

getting adoption. Most recently we heard Fidelity is launching their own stable coin on the Ethereum blockchain. So guys, I hope you see the direction the puck is heading in here, and I know price is important we're all here to make money. I get it, and look, I have my portfolio. It's not fun seeing it go down. I want bigcoin to go higher. I want all coins to go higher. But there's a path to that, and I believe the adoption by these big institutions will drive the value of

these blockchains up and their native tokens. Obviously, you have the speculation layer right as bier rumors sell the news. You guys know how it all works, and narrative follow price. So this is huge. So again they're working with Google to launch a tokenized cash solution, which is incredible. So huge, huge vote of confidence and adoption here of blockchain and crypto. Guys. I hope you see what's happening. The biggest of the biggest institutions are going all in now, folks. Today Treasury

Secretary Scott Besson testified before Congress and California Representative Brad Sherman, the Sherminator, and many of you may recall best buds with Elizabeth Warren and Gary Ginser, right, they love to trash or he loves to trash crypto. We know he's lobbied by the banks. He's one of the puppets. He's part of the access of evil. If you guys remember Elizabeth warning Gary Gains to Brad Sherman, the three of

them colluding, right, three p's in a pod. Well, of course Brad Sherman went after Scott Bessant and you know, asked them about the bigcoin reserve and much more. And let me just I'm not gonna play a clip because you know it's just Sherman with his nonsense, but I'll

share what Scott Besson had to say. So California Congressman Brad Sherman, a major critic of bitcoin and cryptocurrencies, ask Bessent does the Treasury Department or various components of the Federal Open Marketing Committee have the authority to bail out bitcoin.

Sherman then asked Besson if he plans to direct private banks to acquire more bitcoin or trump Coin, a reference to meme coins connected to US President Donald Trump through changing banking reserve requirements still allowed him to buy more. Besson said, I am a Secretary of Treasury. I do not have the authority to do that, and as chair of the Financial Stability Oversight Council, I do not have the authority. So Sherman's just trying to throw anything at

the wall that sticks. Now. Besson, in talking about the Bitcoin reserve, highlighted to Sherman that you know, they added five hundred million dollars and seize bitcoin retained by the US government and that it's surged to over fifteen billion dollars while in custody, So talking about what the US government had retained and what they're going to add to the reserve, so essentially the bitcoin they seized over the years. So you can see Brad Sherman ramping up efforts here.

Don't be surprised if Elizabeth Warren comes around the corner with something. The usual suspects you know showing up here right, Okay,

moving ahead. Star Tail SBI launch blockchain for institutional fx RWA trading. So many of you may recognize the name Japan's financial conglomerate SBI Holdings, so they're very big. They've invested in bitcoin, ripple, They've done a lot. I think their CEO is very bullish on XRP and these things.

So Startail group in Japan's financial conglomerate SBI Holdings have launched Streum, a layer one blockchain designed to support exchange layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real world assets. The platform is designed as an exchange layer network. According to an announcement shared with coin Telegraph, here's a quote, tokenization is an inevitable trend, and equities tokenization is clearly the next big market, said

Sota Watanabe, CEO of Startael Group. He added that Stream aims to bridge the gap between traditional off chain finance and on chain ecosystem by enabling complying dividend and royalty payments. So this is interesting. They're launching their own chain, guys, and we're going to see a lot of companies do this. That doesn't mean that they're not going to use other blockchains,

because it's going to be a multi chain world. What we're seeing is that folks who have launched their private permission chain in house, they have to bridge to the public chains for liquidity and settlement, right because that's where everything is, and no one wants to trust anyone's private permission chain. JP Morgan has learned that lesson, and that's why they're bridging to public chains like onto e theorem

Base and much more so. Really really great to see the continued adoption of this technology by again the biggest institutions in the world. Now, speaking of the biggest institutions,

Ripple Prime is integrating with hyper Liquid, expanding institutional access to on chain derivatives liquidity. Yesterday we talked about Ripple their XRP ledger being utilized for tokenizing diamonds in the UAE one hundreds of millions of dollars. Right, So, Ripple continues to build partnerships and expand they tweeted out We're now enabling institutions to access on chain derivatives liquidity through

hyper Liquid in a streamlined and secure way. Customers can also efficiently cross margin crypto with all acid classes supported by our Prime brokerage platform. So all the services, all the acquisitions, You're starting to see the pieces being integrated and coming together, and they're able to bridge and help people and offer access to different chains and much more so, all great stuff for the continued growth of their ecosystem. Now look at this, this is a blastom the past.

TASOS so Bitnomial launches first US regulated TASOS futures, allowing retail exposure to XTZ. Now I don't know how many of you know about Tasos. It's been around for a long time. I think since twenty eighteen. I remember interviewing to founders and I remember having some Tasos tokens. I think I still do, not a lot, so it's like very minimal in my portfolio. But this is very interesting that this project is still around. We haven't heard much

about it for a long time. So the list thing follows bit Noomio's January launch of aptose features as the exchange continues expanding US regulated derivatives beyond bigcoin and ether, so you're getting these financial products being launched for all these tokens, which is very good. Okay, moving forward, trm

Labs completes seventy million dollar investment round at one billion dollars, becomes crypto Unicorn, So we continue to see huge capital investments into crypto projects, infrastructure, companies, and tokens, which is a very positive sign. People are still bullish despite what you're seeing on social media like x and despite the price action. These smart money investors have the long term view.

So blockchain intelligence platform TRM Labs completed a seventy million dollars Series C funding round valuing it at one billion dollars, becoming the latest crypto company to reach Unicorn status. The investment round was led by seed investor Blockchain Capital, with participation from Goldman, Sax, Best in Our Venture partners, Brevin

Howard Digital to mor Bravos, City Ventures, Galaxy Ventures. According to a Wednesday news release, notice the big names there, guys, the trat FI name, City, Goldman, Brevin Howard, Right, these guys are not crypto specific funds. They were around before crypto. So you just see the big bets guys in the capitol. It's coming in and this is incredible. And again blockchain intelligence, right, this is going to be a big part in how these companies are able to see the networks and what's happening,

what's trending. Because as that and saying I'm beating the drum on the economy, markets and governments will all run on blockchain rails. So remember that. Okay, moving ahead, Canada's

CIRO formalizes interim Crypto Custody framework, so the Canadian Self Regulatory Organization outline custody limits, capital thresholds and reporting rules, while long term regulation remains in progress. So across the globe, We're seeing it Hong Kong, Canada, Europe, wherever. They are getting ready to set up the infrastructure to allow crypto

to flourish and grow. They're not banning it, obviously, they're going to the tax man is going to take his cut, They're going to want everything to be reported, they're going to monitor it. Right, we know this, but it's great to see progress. And this will allow more capital to come into the acid class. It will allow the capital it's sitting on the sidelines. Who these big institutions who want to go further in. You know, they may be dipping their toe in right now, but they want to

plunge in. Not to mention, some institutions are like, yeah, we're not touching this yet, but once there's regulations, we're going all in. We're going to build, we're going to invest. So this is why it's important to know what's happening with legislation. Obviously, here in the United States, we're waiting for the Market Structure Bill. And obviously earlier I had reported about the Democrats. You know, they're starting to turn

the corner here. So things are moving ahead globally. All right, Final news item, bit wise to acquire crypto staking company

courus one. I'm a big fan of the folks the bit Wise. I've had Matt Hogan on the podcast many times over the years. You know, they were ahead of the curve and launching a lot of crypto products, and they continue to expand. So Bitwise Asset Management is reportedly acquiring institutional staking provider Course One, extending its push into

cryptocurrency yield services. The acquisition adds a major staking operation to the crypto asset manager's platform as demand for on chain yield products increases among both retail and institutional investors. Courus one provides staking services for decentralized networks and currently has approximately two point two billion dollars in asset steak according to its website. This would be a huge acquisition for bitwise. Steaking is a big component of the Web

three ecosystem along with stable coin yield. But you know, staking is really great because if you already hold the asset, you know, for example like Etherorem Salon and others, it can be put to work right and you earned a passive income. So big big move here for bit wise. I'll try to get some of the guys from bitwise on maybe Hunter Horseley and he's the CEO, and you know, do an interview to talk about all these things. Folks,

that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button subscribe if you haven't as yet, be sure to support the podcast by subscribing to my free email news that are on substack. It is one hundred percent free. I put a lot of charts and data points in there that you can reference at any point and you get an update and you can come through it at your own and also, please grab a copy of my book

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