¶ Intro
Hey, folks, welcome into the Thinking Crypto podcast. I'm your host, Tony Edward.
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Folks.
I'm still in Prague. Today was the Treasure event where they announced a new device, and I'll tell you more about that later, but I'm recording out of my hotel room, so apologies about the video and the sound quality. When I return back to the States, I will be in my studio with a proper mic and so forth. But you know, there's some big crypto news that you need to know about, so make sure you watch and listen to the end. Let's start with the price of bitcoin,
¶ Bitcoin and Gold analysis
because we're seeing a lot of positive signs here. Yesterday we highlighted that bitcoin was starting to move up and that the price crossed over the two hundred day moving average, which is very good.
The rssign the chart is.
Moving away from the over soul zone and the mac D showing the bears are losing momentum. Bigcoin today touched one hundred and fourteen thousand. Now, as I said yesterday, we are not out of the woods yet, so I want to make sure you are prepared for downside volatility because we know the market can fake us out. But as I've been saying, the macro thesis is that we are still an ebuligate and despite these short term volatility and downsides and people getting emotional and fearful and much more,
the macro thesis has not been invalidated. So very good sign here. Another major positive sign is that gold is starting to correct, folks, So it's pulling back. You know, just last week I was talking about gold being overbought, super overheated. It's RSI extended for a very long time, unlike anything we've seen in the past. And you know, I said gold was possibly in a blow off top. So here's your correction. Now, this could be a local top and or it could be a blow off top.
We'll just have to wait and see.
You know.
Some of the other factors I was highlighting is that people were lining up around the globe.
To sell gold much more.
And when you see things like that, it's a sign of retail euphoria, which we usually see online or in the media and Google trend searches for bitcoin, crypto, and the stock market as well. Sold the mac D on the daily chart shows bulls are losing momentum and as I mentioned, the RSI moving away from the overbot zone once again. This could be a local top or a blow off top. Regardless, we could see rotation back into
crypto and stocks. So in my recent newsletter, if you haven't signed up, make sure you're signed up.
It's free, I.
Shared a chart showing the correlation between the gold and bitcoin price and when bitcoin's pumping, gold is flat. When gold is pumping, bitcoin is in a corrective phase. Same thing we're seeing right now. So the correlation continue here is not guaranteed, right. I always want to make sure that I'm fair and I'm not delusional.
So this is a positive sign.
Let's see how it plays out, right, I do believe it has a high probability of playing out versus not. So you're seeing about in bitcoin and gold pulling back. Very interesting, right, So these are the things I've been sharing with you guys. Again, if you just look at the data and you don't get emotional about it, you're not caught up in the feelings of this person, said this and that just showed me the data and what is it telling me?
What stories it telling me?
Right? And I've been saying, guys, we are in a macro bull market for all assets. I've been saying that beating that drum where all of this is following global liquidity, and global liquidity.
Itself shows us we have more room to run.
So real estate, precious metals, crypto stocks all hitting new highs.
Why is that? It's all following liquidity?
And you know, a great example in regards to real estate, we know the market is almost dead, right, There's not a lot of people buying and selling because rates are high and a lot of people have been sitting on low rates since twenty twenty when the FED cut rates down to zero essentially, right, So why the hell what people want to sell?
But yet the prices keep going up. So this is a supply and demand thing here.
This is liquidity rising because of the basement of currency and inflation of course, and asset prices are going up. This is why you got to allocate to assets. And as Paul Tudor Jones said, bitcoin and crypto are the fastest horses and the asset race. Now some very bullish
¶ Fed Master Accounts & Crypto
news coming out of the Federal Reserve Payments Innovation Conference today. If you guys recalled, I reported on this and I mentioned a lot of crypto companies were going to be attending. So Ellen was on site and she gave the following updates. Governor Chris Waller announced the Central Bank is proposing a new type of limited access Master account, or what he calls a skinny Master account, for all illegally eligible institutions to receive direct access to defense payments rails so they
don't have to rely on partner banks. With this setup, they wouldn't access all the services of a full account, like the ability to borrow from the FED. Importantly, every legally eligible entity could get one, and the legal rules where eligibility wouldn't change. Essentially, this new master account light would allow the FED to green light innovative banks, including FinTechs,
stable coin issuers, and other payment companies. This is a big deal for companies like Custodia Bank, that's Caitlin Long and crack In Exchange, which I've spent years trying to get a FED Master account with Custodia, even taking the FED to the court.
It could also speed up.
Access for companies like Ripple and Anchorage, which applied this year. Folks, step back and think about this. The FED is on board and the banks are on board, and you know we're going to see crypto companies become banks. There are these neo banks, right, and we know folks like coinbased, Ripple and others have been talking about plans to do this. So I hope you see the direction the puckets heading
in and that central banks are on board. Just last week, what did I share with you, The IMF director said, Right, that's a huge capitulation moment. So you get these central bankers and all these folks on board, and they are now opening up the doors and allowing these crypto companies to participate.
All of this will lead to.
The growth and maturation of the acid class. More liquidity, more building, more infrastructure, more users. So very bullish news here and one statement Governor the FED. Governor Waller said in his opening remarks at the fed's Payment Innovation Conference. He says, this is an acknowledgment that DLT, talking about distributed ledger technology and crypto assets are no longer on the fringes, but are increasingly woven into the fabric of the payment and financial system.
Folks.
This is incredible. These are not statements to be taken lightly. They are coming from the Federal Reserve, the Central Banks of the United States, and other central bankers around the world doing the same and earning bullish. So we are seeing capitulation across the board. This is just incredible, and this is why I'm not only bullish on this cycle,
but future bull markets as well. We're still in the early innings, you know, compared to other asset classes like precious metals, like stocks and much more.
This is amazing.
And we also got another report here from Eleanor Terrott
¶ David Sacks CLARITY Act
that crypto and AiZ are David Sachs is scheduled to meet tomorrow with Republican members of the Senate Banking Committee to stress the importance of advancing the market structure out of the committee this year and address concerns from like Senator John Kelly, who have publicly expressed reservations about the process.
The meeting comes amid a flurry of crypto activity on the Hill tomorrow, including two industry roundtables, one hosted by Senator Kirsten Gillibrand and the other by Senator Tim Scott. Both Republican and Democrats. Sources I spoke with see the gatherings as positive momentum to our restarting bipartner negotiations that have stalled.
In recent days.
Folks, remember just yesterday I told you about the Democrats, the Senate Democrats meeting with Crypto see executives, Sea level executives. So things are progressing, guys. I'm still optimistic that this market structure build the Clariac will get passed by December. If you recall, I interviewed Congressman Tom Emer about a month and a half ago. That was his timeline, So
I think that's more realistic. You know, government moves slow, you get the government shut down and all the political nonsense, but it is what it is. But guys, we're seeing some good signs here. This is very very positive. Now, going back to the bullmarket thesis, right that the bullmarket's not over. This is one of the items as to why I believe the bullmarket's not over. In addition, you have these huge narratives and milestone moments that why the hell.
Would you do that in a bear market.
You're going to do it now in the bull market and catch the momentum and much more. Right, if we know how Wall Street and and the government's tied together. Here, you think Larry Fink is wanting to do this in a bear market. No, he's looking to make as much returns on his investments. He's ETFs and much more so. Put it all together. See the puzzle pieces, right, Just step back, don't be emotional. Just look at what's happening. And it's pretty clear where things are headed. And this
thing is not over now. There will be a point where we will have that blow off top and I will turn bearersh and I'll say I'll be on here, guys, it's done.
It's done, right, that's it.
Let's wait for the market to start correcting deeply so that we can back up the truck and buy the dips and get ready next bull market. So this is very good and I think once get a huge catalyst now, folks. This episode is brought to you by Treasure. I mentioned earlier I am in Prague for the Treasure event and today was amazing. They released the new hardware wallet called the Treasure Safe seven. It's amazing. I got to play
around with it. It's a beautiful device and it is quantum resistant, it is a wireless you know, as far as connectivity, it's water resistant, it has a brand new chip that improves security.
It's a beautiful.
Device, so easy to use, and I think some of you may have seen the images and the videos I posted.
Is just amazing.
And they even updated the Treasure Sweet software, so it used to be Treasure Sweet Light. Now it's fully Treasure Sweet. And this allows you to easily manage your crypto and of course Treasure they support all the top tokens guys, Bitcoin, etherorem ICs are Piece Alana, new tokens such as black Rocks, Biddle.
So I believe Treasure really raised the bar here setting a new standard for hardware wallets and many of you know, I believe in self custody and you know, one of the cool things about Treasures devices since day one, they pioneered this. By the way, they started this in twenty thirteen, the hardware walls are open, so anyone can view the code out there. And that's how confident they are in their setup and security that you can go look at the code and see if you find any flaws or
anything's wrong, right, So that's a really great feature. It's not a closed off environment where you don't know what's happening. So this again just amazing what Treasure is built here and this device, like I said, just blows it out the water. So guys, if you'd like to check out the Treasures Safe seven, you can pre order one on Treasure's website link will being a description, and of course you can always use my code thinking Crypto all one where thinking Crypto to get five percent off.
So folks, check it out. Brand new hardware, wallets.
Topper line, quantum resistant and much more beautiful device. Check out the link in the description, folks. Coinbase continues to
¶ Coinbase acquires Echo
hire companies. They are on a mission man to build an incredible business and company here and you know their goal is to build like a super app and do some amazing things. And here they've acquired Echo, which is the leading on chain capital raising platform, and they acquire this company for three hundred and seventy five million dollars. So Echo's platform makes raising and investing more accessible to community members, either through a private Echo sale or a
public sale that uses sonar. By joining forces, we're making it easier for companies to raise funds and grow and giving the community, early access to unique investment opportunities. Man, Coinbase just continues to blow it out the water here with these amazing acquisitions. They're doing a lot. Most recently, of course, they partner with Samsung. They now have like
bitcoin loans. I recently interviewed someone from coinbase and that interview is going to be published soon where we went through a lot of these things.
So huge news.
Here, all right, moving ahead, Brail has integrated the XRP
¶ Stablecoins on XRP Ledger
Ledger to solve the biggest payment pain point, moving regulated value easily. So Brail says here on their profile, create your own stable coin, So Ripple said here in a tweet. Now businesses can issue USD back stable coin settler LUSD and use the XRPL built in authorized trust lines and compliance features all through the API. So really really great here the folks that Braille said, we're thrilled to share that regulated stable coins are.
Now live on the XRP Ledger. So to all the haters who said no one's going to use the XRP leger, made you know all that right, look at the adoption that's happening.
And I often tell you guys, go to r WA dot xyz and look at what is happening on the XRP ledger in addition to other blockchains. Right, but the XRP ledger was pretty much had its hand tied behind its back because of the ripple loss. Now that's done, you're seeing a lot of building and expansion.
So this is very bullish. If you hold.
XRP, you're seeing building activity, volume, and much more. Final lose item here and this is around bitcoin mining company Hive.
¶ Hive Bitcoin Mining expansion
Many may recall I was with Hive at an event where they closed the market at the nattack.
This was earlier in the year.
So Hive to expand bitcoin mining capacity in Paraguay as one of the few bitcoin miners still growing hash rate. So I think a lot of miners are preparing for more demand for bitcoin, you know, with ETFs countries to establish strategic reserves and much more. And Hive is doing a great job via one of the leading bigpoint miners using renewable energy. So let me give some of the details here. So they're expanding their hydro electric power data
center campus in Paraguay. The move is part of hives Phase three expansion of its renewable capacity in the country, expanding its output to one hundred megawatts. The buildout is expected to begin in early twenty twenty six and could be completed by the third quarter.
Here's a quote.
Management expects this edition also powered by renewable hydro electric energy from the e TOPPU dom I butchered that, but it's a dam to be the largest facility of its kind in Paraguay and to increase Hive's global point target to thirty five x the hash per second. In twenty twenty six, the company wrote huge news, huge news here. I don't hold the Hive stock. It's not possible to invest in anything. But you know, if I had the capital I wanted to allocate, this would be one of
the companies I would certainly invest in. Not financial advice, you know, do your own research. But they're doing some big things, guys. And bitcoin miners are ramping up and they're going to places where there's low cost energy and using renewable energy as the demand for bitcoin continues to grow.
Folks, that's the news. Let me know what you think.
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I appreciate all, and I'll talk to you all later