ELON MUSK IS ABOUT TO LAUNCH CRYPTO TRADING ON X!

on the price really quick here. For Bitcoin, we are of course waiting for a relief rally from Bitcoin, which the all coins will follow. However, that's not guaranteed, and we're gonna have to watch and see what the stock market and such as the S and P five hundred and the NASDAC are going to do, because if they start rolling over and correcting, you know, that's going to put a damper on what crypto can do. But by the textbook, we have been in extreme oversould conditions, extreme fear.

The extreme or the Fear and Greed index score has been the lowest it's ever been lowered end the COVID crash lowered than the FTX collapse in December twenty twenty two. So it's pretty ridiculous how oversold in a stream these things are. Sentiment is in the garbage and that's where you know, the markets love to do the opposite of the herd, because the herd right now, they have given up on crypto. Right it's done, it's dead and all that.

But we know better, guys. Markets are cyclical, and even though we had a lackluster bull market you know, over the past two years or so with no major alcin season, I'm still very bullish because this acid class is very young. We haven't even gotten crypto regulation yet, right that is still being crafted and you know it's in the Senate and we're waiting for it to pass there and be signed into law. So there's a lot of things that

have not been done yet. But institutions are bullish, and you know, all the major detractors and naysayers have capitulated. Just we need the regulation and then the macro conditions to align together. So Bitcoin, We're going to wait to see what the weekly closes tomorrow on Sunday, so I'll

give you guys an update tomorrow as well. Right now, bitcoin is just below seventy k, So let's you know, hope and pray and have our fingers crossed for a relief rally and that could maybe just take us to eighty eighty five K. My hope is it goes higher, because the higher it goes, then we have more liquidity going to the all coins, and we know all coins typically outperform Bitcoin. I'm not saying we're going to new highs.

I'm just saying a relief rally, right, So that is my hope and hopefully we get that, folks, So stay tuned for more details as the week progresses. Now, it's funny Scott Besson, the Secretary or the Treasury Secretary, he was recently interviewed and he said crypto investor's sentiment will rise once the Clarity Act is passed. I think so, And you know, I think crypto we need to see some sort of relief rally that will help people to

get out of the depression mo they're in. It doesn't mean we can't roll over from that relief rally to go to new low So just be careful there, right, Just so you guys know, you got to keep that in the back of your mind. But I think if we are able to get this legislation bill through the Senate and then you know, sign into law, certainly you're going to start to see momentum build again. The sentiment

will certainly change. So I'm in agreement here. We need to get this thing done and hopefully the banks and the crypto industry can find a compromise to get this thing done. But you know that may take another two months, you know, just to get through the whole process. So we're gonna have to be patient. Now here's some very

big news coming out from X, which is formally known as Twitter. So Elon Muss is X to launch crypto and stock trading in a couple of weeks. This is big. It would be a huge, huge on rap Folks. We know Elon, he personally holds crypto. His companies like SpaceX and Tesla both hold bitcoin and their balance sheet. Elon personally holds bitcoin, e Theorem and dogecoin. So we've heard about this. You know. Elon wants to make X this financial app all in one, kind of like what you

see in Asian markets. Would we chat if I'm not mistaken, but he wants all these things to happen on X, right, your the ability to trade, to have a wallet, to be able to send money, so users will be able to interact with ticker symbols and post and execute trades. Within the app. The company head of products said, x Money, the company's in house payments system, is preparing for an external beta launch within one to two months. So could this also dovetail with the Claritiac passing some sort of

relief rally right moving with stocks and crypto and so forth. Possibly, But this would be big news once it's live. I mean there's a huge, huge community on x around crypto and not to mention other demographics, and that could really bring a lot of people onto these or into these markets. So the upcoming features described by the company's head a product, Nikita Bier, will include smart cash tags. This will allow users to interact with ticker symbols and post and execute

trades from the app. Very very interesting. So we shall see how this rolls out and who they're working with to get is done. But nevertheless, very big news and folks. This episode is brought to you by Treasure, which makes beautiful hardware wallets that make it easy for you to safely store your crypto assets. I'm a user of Treasures devices, the Save five and the Safe seven. I've been preaching self custody for years. That's where I custody majority of

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US based DeFi group urges UKFCA to anchor crypto rules to unilateral control. This is big We're going to see across the globe. Many of these countries and jurisdictions are going to unify their rules right right now. There may be some differences, but they're going to get all on the same page because, as I've been telling you guys, the future governments, markets and economies will all run on

blockchain rails. And in order for these different protocols and platforms to function appropriately, there's going to have to be similar rules. Right. It has to be one hundred percent carbon copy, but there has to be similarities where there isn't friction and roadblocks, right. So the DeFi Education Fund tells the FCA that regulatory obligations should apply only where

there's unilateral control over user assets or transactions. The US based group argues non custodial DeFi developers should not be treated like centralized intermediaries. The DeFi Education Fund warns that applying trading platform prudential requirements and full money laundering laws to automated protocols would be structurally incompatible. So some of these folks in governments and so for they still don't grasp DeFi right. They don't realize there's no middleman, there's

no intermediary that you that you know. It's a very different system and it's going to take a time for them to get up to speed and educate it. But regarding the DeFi Education Fund, I've had Amanda Touminelli on the podcast many times. I actually interviewed her last week, so that interview should be published soon where we talked about DeFi and all the complexities and how you know that some of the language will be fit or put into Declarity Act and much more so stay tuned for that. Okay,

moving ahead, borg Stutguard Digital trade As agree to a merger to build European crypto hub. So across the globe we're seeing expansion on a lot of building. So BORI Stutguard Group, operator of one of Europe's largest stock exchanges, said it will merge its cryptocurrency business with Frankfurt based digital asset trading firm trade Is in a strategic move

to expand its presence in institutional crypto markets. The transaction will consolidate about three hundred employees under a joint management team for both companies. According to a front the announcement, the combined unit aims to cover multiple digital asset services including brokerage, trading, custodies, staking and tokenized assets. It will

look to listen to this. It will serve banks, brokers and other financial institutions across Europe, providing fully regulated cryptocurrency infrastructure. The announcement said, folks on ramps being built for more capital to come in from the for the biggest institutions and wealthy individuals. Again, this is not about retail anymore. This is to get the big money. And this is why I'm still bullish. Guys. Very very big news here. Okay, guys,

a big update here. So Senator Warren and a Senator Kim looks like they're really going after Trump with World Liberty Financial and the UAES reported five hundred million dollars stake in the company. So, as we discussed in yesterday's podcast, Trump needs to slow the hell down. Man. He should not be doing all these crypto things. It's really going to put a roadblock in front of us for the Clarity Act. And hopefully, you know, we are still able to get it done. But he's not helping us right now.

And look, two things can be true. Donald Trump has been better for crypto than you know, things were under Elizabeth Warren and Gary Genser, right, absolutely, but he's also taking advantage of the market, right And some people can't see that for the life of them, right, They their their politician can do no wrong. But I don't worship politicians, folks. I keep politicians accountable. Right. The government is supposed to work for the people. So we got to call it

like we see it. You know, when Donald Trump was running and when he came into office, you know, we were saying, look, where's where's Kamala Harris? Where are all these people? They're not doing a great job. Donald Trump is now Trump is taking advantage of this market. So we got to call it like we see it. And he could he could potentially really stop this Clarity Act from passing, and I hope not, but you can see these people are not. They're going to use it against him,

and he put himself in that place. So this really really sucks. And even people who are Republicans are calling it out. Here. Dave Weisberger, who I recently had on the podcast, you know, he tweeted out something that he agrees with Anthony Scaramucci, who's also a Republican, and he worked for Donald Trump for like ten days back in the twenty sixteen run. And he says, look, I have to agree with Anthony Scaramucci on Trump's meme coin Griff. It was a turning point. It galvanized half the country

against crypto. It created in the minds of and he says, here Trump the arrangements syndrome adduled Democrats political cover to push the anti crypto army agenda and resist Clarity. He says, it is why the banks have an opening to push their anti competitive agenda. I think this is spot on. Those banks saw the Genius Act, they knew the Genius Act passed, and now all of a sudden, when the Clarity Act is getting to get pushed out, they're coming back say, oh no, no, we need to relitigate it

to stop Slipcoronio. And your reason why is they know there's a bunch of Democrats in Congress and there's a cohort now saying, oh, look at Trump, look what he's doing with crypto. He's taking advantage, he's getting bribes, blah blah blah. Right, all those things, and some of it may be true, some of it may not be. But the point is it doesn't even need to be true. Just the optics. The optics. And this is that word

I've used many times, folks. So even if you're a big Trump person and you're you know, you're a big supporter, you got to call it like you see it, right, if you're being intellectually honest, you got to call it like you see it. So my hope is that we are aware of this and we need to put the pressure. And uh, I just wish Trump would stop. But just recently, like we reported yesterday, truth Social launch or file for two crypto ETFs, we're liberty financials expanding to cross border

payments and all kinds of stuff. And it's like, dude, wait till we get the Clarity Act. But I digress. It's frustrating. This is why I hate politics. I hate politicians, and hey, politics, Now that's not to say I don't respect people. Obviously respect I've had members of Congress on and there's certainly some really great people that I respect, But just the political realm it's so nasty and toxic and annoying sometimes. But I hope you guys get what

I'm saying. All right, Moving ahead here, we got an

update that Great Scale filed to convert their of a token trust into an ETF to list on the New York Stock Exchange arcup, So we're seeing more all coin ETFs being launched. And you know, again I've been saying, once the Clarity Act passes, I think that kicks off the supercycle. Not overnight obviously, but with all the institutions, all the on ramps, and that could be you know, the ballmarket we've been waiting for, you know, to match all the adoption we've been seeing, and then hopefully the

macro aligns with that. We're more rate cuts, more quantitative easing, and so forth, because we're still in the early innings of those inspective items. So this is really great, and folks just want to let you guys know, I will be speaking at the Money Show Laws of Vegas coming up on February twenty second and twenty third, and I'll

be talking crypto. Of course, I'll be doing a fireside chat on Sunday, February twenty second, and on Monday twenty February twenty third, I'll be on a panel talking about stable coins, to tokenization and much more. So. Just let you guys know if you're going to be attending the Money Show Las Vegas, and be sure to come check out those sessions if you're around. Folks, thank you so

much for watching listening. I appreciate you all. Thank you, and be sure to subscribe if it haven't as yet, and please support the podcast by subscribing to my free email newsletter. It is one hundred percent free. Check out my book on Amazon, it's available in paperback in digital, and my course at Mycryptocurse dot com. All the links would be in the description. Folks, thank you for tuning in. I appreciate you all, and I'll talk to you all later