¶ Intro
Hey everyone, 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 sit that subscribe button as well as a thumbsup button and leave a comment below. If you're listening on a podcast platform such as Apple, Spotify, or wherever you get your podcasts, please be sure to follow and leave a five star rating. Okay, folks, it was a big newsday for crypto. Lots of incredible statements
¶ US Admiral Bitcoin
coming from folks of notoriety. So first up, United States Indo Pacific Commander Admiral Samuel Paparo advises the Senate that bitcoin shows incredible potential as a computer science tool. Here's a quote. Bitcoin is a reality. It is a valuable computer science tool. As a power projection.
To another subject, our competition with China isn't just about military strength. That also includes strength as well. You know last year, the Chinese comments party's main money Teria think tank published research on bitcoin as a strategic asset. You know this came after President Trump moved to establish a strategic bitcoin reserve. Admiral how does leadership in bitcoin impact
leverage resilience? To Terrence for indopay com against China, and do you think that a strategic bitcoin reserve helps America compete against China?
Center our You know, our research into bitcoin is as a computer science tool. It's the combination of cryptography, a blockchain, and a proof of work. And bitcoin shows incredible potential as a as a computer science tool that through the proof of work protocols is a actually imposes more cost than just the algorithmic securing of networks and our ability
to operate. And bitcoin is a reality. It is a valuable computer science tool as a pro power projection, and outside of the economic formulation of it, it has got really important computer science applications for cybersecurity.
Thank you. What recommendations do you have for us? You're in Congress on how to how the US can lead on bitcoin competition.
You know, I have to go deeper on that with you for the record, and I can go deeper on that case. But bitcoin is a reality. It is a peer to peer, zero trust transfer of value. Anything that supports the all instruments of national power for the United States of America is to the good.
Thank you. I'll have to go back and listen to that answer to kind of cipher it. Most of us enter your way over, are it.
These are incredible statements from an admiral. This is not hearsay. This is straight from the horse's mouth in front of the United States Senate. So these statements carry a lot of weights. Now, I recently interviewed the White House crypto advisor Patrick Witten. Many of you may have seen that interview, and he talked about the Strategic Bitcoin Reserve that we
are weeks away from a major update there. So could this be the start of the conversation or the narrative leading up to that big announcement, because I do believe there's a geopolitical battle for control of crypto, bitcoin and blockchain technology happening between the United States, China, and other world superpowers. And we know the United States is looking
to establish the digital assets stockpile, you know, the bigcoin Reserve. Obviously, get the Clarity Act passed, We've got the Genius Act already passed. So the United States is trying to get into that driver's seat and take full control. And President Trump, of course, is fully on board, and he's made his statements many times. Scott bessen't as well. A lot of folks within the administration have came out and said, you know,
we're looking to be the leader here. So huge statements, and we could see again this narrative carryover to getting that strategic Bitcoin reserve fully established where it's not just the bigcoin we've confiscated the United States government that is that's in the stockpile, but how can they buy over time and in a revenue neutral way. So very very interesting and huge statements from the admiral here. Now even
¶ Fed Kevin Warsh Crypto & CBDCs
more big statements about crypto. Kevin worsh who's Trump's fetcher nominee, he said today that crypto is now part of the US financial system. Huge statements coming from the incoming Fetchair. Look, we know he's going through the confirmation and I think he's going to get it. He's going to replace Jerome Powell, of course, so these are huge statements. And most recently he disclosed that he's invested in crypto along with other assets. So he gets it, he's invested in it, and he
sees digital assets as part of the financial system. Let me play the clip for you. Senator Cynthia Lummis asks him a question and he responds.
To believe that digital assets should be incorporated into our financial industry, so Americans have new investment opportunities and consumer protections center.
Digital assets are already part of the fabric of our financial services industry in the United States.
Yes, so notice he said, it's part of the fabric of the United States financial system. Huge statement. I couldn't imagine a FED chair saying something like this, you know, when I got into crypto. So it's amazing how things have changed. And look, We've talked a lot about it over the years. I've said many times the future capital markets, economies, and governments will all run on blockchain rails. And I'm not just talking about the United States. It's global, right.
We are seeing the blockchain rails being set up across the globe for institutions, bank stock exchange in the move to go twenty four to seven have truly liquid markets, instance settlement, and a truly global reach. So that is the end goal. That's where the puck is heading. So huge statements here from the incoming FED chair.
Now.
Kevin Warsh also talked about CBDCs. He committed to Senator Bernie Moreno that he won't have the FED move forward or move towards a CBDC, a central bank digital currency, if he's confirmed and it's within his power as chairman to do so. He also said he agrees that the FED does not have the right to issue a CBDC and it would be a bad policy choice. Now, guys, I was born at night, but I wasn't born last night, and we need the actual law put into place because
people can change their minds. I'm not going to take any public officials word as gospel. I need to see the actions. So the Anti CBDC Act has not passed as yet. It was supposed to be in the Defense spending bill. It did not make it through, and there are efforts to try to get it past this year. But I think all efforts have been on the Clarity Act, rightfully, so to get that situation resolved, and then I think they're going to try to push the CBDC or anti
CBDC bill through this year. But we got to make sure we stay on top of that because I don't care what politicians say. A politicians lie. I'm not saying Kevin Walsh is lying. I'm just saying, as a rule of thumb, right, we know how the politics game is played, how it operates. So if you don't know, this is your wake up call. You need to keep a politicians accountable. They work for us, we the people. So this is
where I like what Kevin Walsh is saying. But get that anti CBDC Act pass or it's all just smoke and mirrors. Now, speaking of legislation, this morning, Representative Young
¶ Payments License Bull for Crypto
Kim and Representative Sam Lecardo unveil the Bipartisan Pace Act to creating National Payments License for FinTechs and crypto companies. The bipartisan bill would let regulated state depository institutions and credit unions that conduct money transmission be regulated under a
new optional framework overseen by the OCC. The bill would permit these institutions to access Federal Reserve payment services, aligning with the Federal Reserve Governor Christopher Waller's skinny Master accounts concept, which Kracking gained access to earlier this year crack in the Crypto Exchange. Of course, the bill also gives the Federal Reserve Board and not the individual Reserve banks, final decision making authority over skinny Master account applications. So you're
seeing the decentralization of the Fed Master account here. Going to crypto companies and smaller fintech companies as well, which is great. It takes a lot of power away from these bigger banks, and you know these bigger banks don't like that. But look, disruptions here, This technology is here, it's not going away, and there's a big change happening. So pretty incredible and this will certainly change the whole mechanism of how these skinny master accounts are regulated with
the States and the FED and much more so. Very interesting things happening, folks. Quick word from our sponsor. This episode is brought to you by Bitco, the trusted infrastructure behind the digital asset economy. If you're serious about crypto, whether you're an investor, institution, or building in this space, you already know security, compliance, and execution are everything. And
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¶ SoFi XRP
Sofi Bank announced they are adding support for XRP. This follows their listing of bitcoin. Ethan Solana I've often stated, it starts a bitcoin and they will go down the list.
Right.
It happened with et apps, It's happening with the listing or a spot trading that's integrated on these banks and different traditional financial companies. So it's incredible. Sofi Bank offering crypto and they've also launched their own stable coin. So guys, I hope you see what's happening here and again the on rams being set up by these big institutions, and it's happening globally. So when we enter into the next bull cycle and we get crypto legislation pass, what do
you think is going to happen. I think it's a super cycle. I think we're going to see a very powerful bullmarket, huge bull runs, and it's not going to be just a one time thing. I think it continues. Look at how the Internet itself had many bull runs, right, and different phases of the technology Web one, Web two, and so on and so forth. So very very cool. Now,
¶ Ripple XRPL Coinbase Quantum
speaking of XRP, Ripple unveils a multi phase roadmap to make the XRP ledger quantum resistant by twenty twenty eight. This includes a quantum day contingency plan and collaboration with Project eleven for early testing. So all blockchains are going to be doing this. This is why I've been saying the quantum headlines and fudd is just fud.
Right.
Quantum tech is not at a level where it can take down blockchains yet, but it could. It will get there. I'm not saying it won't ever. I'm just saying at the point where we're at right now, it's just a narrative by many short sellers to you know, push the price of crypto down because they're shorting because notice at one one hundred and twenty six thousand dollars, what was it like five months before, right, nothing about quantum. Then the price goes down also in quantum. This that I
hope you understand how the game is played here. So narrative follows price, and there will be a day where these blockchain technologies and companies they will have to be quantum ready. And it's great to see ripple zu net with the XRP ledger, but they're not the only ones. Bitcoin miners will have to do it at the ethereums, a lot of folks. Everybody's going to have to do that. And even Coinbase they announce their advisory board says quantum
computing threat is on the horizon. Crypto needs to plan. So the fifty page paper includes that while today's blockchains remain secure, a future fault tolerant quantum computer capable of breaking widely used encryption is increasingly plausible and preparation must begin now. So I believe again all blockchain folks will update their nodes, their minors, and whatever mechanism they're using
to be quantum resistant. Now, if quantum is going to be a risk to blockchain guys, we're going to have bigger problems because that means they will be able to take down the financial system, the traditional financial system, the air traffic control system, the energy electricity system. Right, those will be at bigger risk. So don't get too caught up in the hype of oh my god, quantum computing,
it's going to destroy crypto. Man, if it can destroy crypto with these blockchains that are using cryptography and you know, incredibly secure mechanisms and protocols, what do you think it's going to do to our world and our civilization. So as long as these folks upgrade their technology and use the same quantum tech right to run to power their servers and their networks and so forth, they'll be fine. So just make sure you have a balanced outlook on this.
But it's great to see blockchain projects, exchanges and much more are prepping for this now. On the news of Coinbase,
¶ Coinbase USDC Singapore Fintech
niam niun taps Coinbase to add USDC into global payments network. So Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive, and convert stable coins to FIAT across more than one hundred and ninety countries through a single platform. According to a Tuesday announcement, the integration uses coinbases infrastructure for custody, liquidity and wallet services, enabling Nium's customers to fund cross border payments in USDC
and settle in either stable coins or local currencies. So two major takeaways. One, Coinbase doing an amazing job with their services. They're getting partnerships and all types of deals across the globe. Second, fintech companies, banks and much more integrating stable coins right and blockchain tech and crypto. It's amazing to see this type of adoption from these startups and even the folks who've been around for a long time, the legacy, and they all are getting on board. Okay,
¶ Polymarket Crypto futures
final news item, Polymarket to launch twenty four to seven perpetual futures training for crypto equities and commodities. So the prediction markets here getting involved in crypto. You know there's gonna be some cannibalization here. We'll see how it all works out. Don't get me wrong. Competition is healthy for the market. It's good to have competitors because that's very
good for the consumer and us as investors. But you know, in this race, there's gonna be a lot of saturation here and eventually there's going to need to be consolidation. But incredible to see the race of innovation and building. I love it. I love it, guys, And as I keep saying, I hope you're seeing the bigger picture, the infrastructure on rams being set up here for more capital, more adoption, and that's going to lead to higher prices.
I know many of you are going to look at the charts in coin market cap and say, Tony, are you nuts? Look at the price right. Markets move in cycles, so make sure you have that mac long term view and you are being patient. You're looking at what's being built. Obviously, you want to be smart in what your entries. You don't buy pumps and the tops of the markets. You want to buy when there's blood on the streets, when there's fear, to give yourself the better chance of making
an incredible return. So, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbsup button subscribe if you haven't as yet. Be sure to support a podcast by subscribing to my free email newsletter. It's one hundred percent free. Link will be in the description. Be sure to grab a copy of my book on Amazon. It's available in paperback in digital, and check out my course at Mycrypto course dot com.
Knowledge is Power. Expand your knowledge about crypto and blockchain technology. This course is a comprehensive course that teaches you everything you need to know. And folks, we've got a huge bear market sale going on. You can get fifty percent off the price of the course by using the code bear b EA R at checkout. So use the code bear at checkout to get that huge discount. Go to mycryptocurse dot com. Folks, thank you so much for tuning in. I appreciate you all and I'll talk to you all later.
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