Fed Jerome Powell Gives Banks Ability To Pump Crypto!

now it is over one hundred and six thousand dollars. We're continuing to see the reversal here that we started seeing since yesterday, and as I've been saying, there could be the possibility of bitcoin going back down to test some lows or this is indeed the breakout to new highs. Now, it's not gonna be a straight lineup. You're gonna have a pump of mini pullback, consolidation, bill support levels, then the next pump. We've seen this time and time again.

We're gonna stare step our way out of this hole unless there is another retest of the low. So just be mentally prepared that if you see bitcoin rollover in the week that Okay, Tony told me, this is business as usual. There's nothing unusual here. But my hope is fingers crossed. This is the move to get out of this and we are headed to new highs. And of course, when bitcoin breaks the all time high it's set of one hundred and twelve thousand dollars about a month ago,

it will enter into price discovery. And we are seeing that bitcoin dominance continues to rise. So everything that we need for validation of this bull market and that we are still in a bull market is aligning perfectly here right, The stars are aligning for us, so this is still very good. And of course the macro signal, one of the macro signals we've been using is global liquidity, and we see that has been on the rise and bitcoin and risk assets have been following that. So it's looking good.

And if you look at the weekly chart for bitcoin to higher timeframe, we got a huge green candle forming here. So patience is the key. We got to let this play out. It has to validate itself, right, That's what I'm saying. Just be prepared mentally prepared for a possible retest if not. We keep going up, and this takes us to the next high, which could be between one hundred and twenty tow one hundred and thirty k possibly higher, and we see the all coins go bananas. They're gonna

follow Bitcoin because the liquidity enters Bitcoin. Then there's a rotation of liquidity to the all coins eat XRP, Salona and much more. And with this move from Bitcoin, we're starting to see Etheroreum, XRP, Solana. They are already starting to pick up steam here. So again, patience is the key, that's the big part, because this has to play out, and of course it's going to be volatile, so you know,

you got to expect the volatility. And the other signals that we're seeing that's very good is the S and P five hundred also approaching its old all time high the Nasdaq as well. These are all great signals, folks. So as we've been watching closely for a months upon months. I've been putting it in my newsletter. Here you go, right, and remember all the people screaming bear market, bear market right with the tariff, and I was like, wait, no, invalidation,

but we do need to see the recovery. And look at that perfect V shape recovery V for victory, right, bears are crying right now. There was a lot of clowns trying to troll me in the common section saying it's not a bullmarker, it's over the bear market. And I know some of them are bears who are shorting, but there are some idiots who are just going by emotions and not using data, which is what I've been sharing with you guys, multiple data points, the charts, the macro,

on chain data and much more so. Things are looking really good here, folks. And look, if this move is indeed the move to new highs, the next few weeks could be really exciting the start of the bull run, and just be prepared. And I'm looking to certainly take profits as we head to either a local top in this run or to the blow off top that I'm not sure about yet. But nevertheless, I got my price points i'm taking profits at and I'm sticking to that plan.

I'm not selling everything. We'll see which signals flash, you know, as this move happens, and if it's going to continue the I won't cash out everything. I'll lease some for the final phase. But if is, if this is the final move and the signals are there, I'm exiting everything, and of course i'll share that with you guys, I'll be doing live streams, newsletter obviously the daily podcast, so make sure you're subscribed with the notification bell enabled. Now, folks,

yesterday I told you all about Anthony Pompeliano raising one billion dollars to buy bitcoin through a new company that he's forming with a spac called pro Cap. Well, apparently they've already started buying the bitcoin, so he tweeted out today we have purchased three thousand, seven hundred and twenty four bitcoin. This purchase happened within one day after announcing a one billion dollar merger and over seven hundred and

fifty million dollars in fundraise. The average price was one hundred and three thousand, seven hundred and eighty five dollars per bitcoin. He says, we believe bitcoin is the new hurdle rate. If you can't beat it, you have to buy it. So Anthony pumping out is no idiot, he's no dummy. I met the guy. He's nice, a nice guy, and he's smart. And if he's buying bitcoin at this price, do you think we're in a bear market that he's

expecting this to roll over? Of course not. They're anticipating higher prices and they use the volatility to do the arbitrage with the stock price and much more so. As you can see, this is a signal right here. And you got Sailor and other people who are doing this not only would Bitcoin, but eat Salona and XRP. So this is really big from a POMP and I should be interviewing Pomp sometime this summer to talk about all this, So stay tuned for that one. Folks, look at this

bullish news. I'm gonna play the clip for you, but feedscher. Jerome Powell testify today at one of his statements was banks are free to conduct crypto activities. Let me play the clip for you.

what it's going to happen tomorrow or by next month. No, I'm talking about like the macro fifth wave, which means it's going to play out this year. So this this is so bullish, I mean, what else do you need to hear, folks. You know, we've been covering the news of the occ to FDIC and many others loosening up restrictions that were set by Elizabeth Warren, Gary Ginster and her cronies when Biden was in office. And now, like

I said, the runways being cleared for the takeoff. And as we get crypto legislation, watch the banks jump all in. We've heard lots of rumors right of what they're trying to do with launching stable coins and much more. We got ETPs, we've got tokenization, folks. Mass adoption is going to increase at a rapid pace once we have the legislation in place. And I think everybody sees what's around the corner because of what Congress is working on, and

they're gearing up so very bullish. Here's another example of

the government turning really bullish. Right. So Bill Poulty, who some of you may recognize, but now he's the director of the Federal Housing Finance Agency, he tweeted out that we will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages. Oh my gosh, if you are now bullish, I don't know what you're looking at. I don't know what you're paying attention. But we still got ways to go. We're still relatively early compared to

other asset classes. The on and off ramps, the infrastructure legislation, all these things are starting to come to fruition, and folks, it's going to lead to more adoption and higher prices. You have to make sure you're looking at this market from a macro perspective because the volatility on the one minute, four hour daily will drive you nuts. You can't sit there and look at it right. And that's why I

don't try to trade, I don't use leverage. I just simply buy the blood industry, buy the dips and hold and then sell the four agreed blow off top to make as much profits as possible. So it's incredible what is playing out here. And I think the writing's on the wall here of how blockchain and crypto is going to be integrated into the government and the economy and the markets. Like I've been saying NonStop, all these things will be running on blockchain rails. That's where we're headed

to now, Folks. Speaking of mortgages in real estate, here's a quick word from our sponsor, Propy. Propty is leading the charge with putting real estate on chain, Folks. On Propy's platform, you can buy and sell real estate with crypto. This platform is powered by blockchain Propy. They have tokenized deeds, they've created NFTs for properties, and much more. They are a licensed Web three pioneer. They've been operating since twenty seventeen.

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to be tokenized. We know that blockchain is going to be used to improve the buying and selling process, and much more so, Propy is leading to charge there. They have partnered with many of their associations, real estate associations across the United States. And once again, I'm bullish. I'm a tokenholder, have been for a long time, and the property token has been getting a lot of list ins on major exchanges this year, So guys check them out.

The link will be in the description. They're a great company, all right. Moving ahead, chain Link MasterCard partner to allow

three billion cardholders to buy crypto. We got banks, stock exchanges, payment companies, credit card companies, the biggest institutions in the world participating in crypto. This is incredible. So chain Link, a company that provides a decentralized oracle network, has partnered with payments provider MasterCard to allow the credit card companies

three billion cardholders to buy crypto on chain. The integration could spur crypto adoption by providing a new avenue for people without Web three exposure to gain experience with digital assets. The integration is made possible with a series of partnerships with Web three entities, including Shift for Payments, Swapper Finance x swap, and zero hash, a crypto stable coins infrastructure company that will provide the on chain service and liquidity

enabling customers to convert currency to crypto. Here's the quote. The current version of the application available at swapper Finance is non custodial and leverages account abstraction to provide users with simplicity and control. A chain Link Labs spokesperson toll Coin telegraph it was important that this solution was built for everyone, not just for crypto natives or enthusiasts. Major

credit card companies are building on ramps onto crypto. These things are now being set up, so please please, I'm trying to make sure I'm getting through to you guys. I apologize if I'm repeating myself, but I want you to understand what's happening here from a macro perspective, and that you're not just focused on price. Price is important.

I want my bags to pump too, but I realize that it will take a lot of the adoption the on ramps allow more capital to come in, more adoption, more usage of the blockchain networks, which will make them more valuable and their respective tokens more valuable. So it's incredible what's happening. I'm blown away by the news. And of course many of you know I'm bullish on Chainlink. I hold chain Link in my portfolio and I'm hoping

for one hundred dollars plus chain Link this cycle. But you know, we'll have to wait and see how that plays out. But chain Link is doing a lot. A lot of other blockchains use chain Links, oracles and their different other services and products because they are able to create these amazing price feeds and much more. So be sure to check them out as well. Now, NYC mayor

lays out crypto plans as city residents vote in democratic primer. Now, I know we're going to talk a bit about politics here, just triggers people. You have people who hate Democrats, you have people who love Democrats. But that's not the point here. The point I'm trying to hammer home here is that every domino is going to fall on the political side.

They're all going to have to embrace crypto in one fashion or the other what we've seen over the past year is that Mayor Eric Adams, regardless of how you feel about the man, if you hate him or love him, he has been embracing crypto. He even some of his salary in bitcoins, So kudos to him for being out for thinking that way. But he spoke at the Permissionless conference in Brooklyn today and he said that under Cuomo's governorship,

a New York State dismantled and destroyed the industry. Describing the former governor's actions is wrong and misguided on digital assets. So Cuomo was not an enthusiast about crypto. I'm sure he's going to change his policy. We're seeing everybody's capitulating at this point. But here's what he said. I think in the first one hundred and twenty days, the number of bills that went through the federal level to deal

with this issue is extremely impressive. Likely referring to Congress moving forward on legislation to regulate payment, stable coins and crypto market structure, he said, and now you're seeing cities picking up and states picking up the same energy. So he's talking about states passing the bigcoin reserve, and much more so this this is incredible. Right. We're just seeing on the federal, the state, the city level, a lot

of people are embracing cryptos, so very bullish. Once again, forget about the politics of it, the Democrat versus Republican or if you like Eric Adams or not. That's not the point, right, same thing I always talk about with Trump. If you want to talk politics, we can go into the details of politics. But when it comes to is crypto getting an adoption and who's embracing it, We're seeing

more bipartisan support, both Democrats and Republicans. So you got to make sure you're looking at it from that perspective, from an adoption standpoint, and leave the politics to be politics. There's room for that, but that's a separate podcast, separate conversation, right, So I hope you understand what I'm saying now. Crypto

is a global acid class and we're seeing everyone is putting in their regulations embracing this technology and much more. Japan proposes reclassifying crypto, paving the way for ETFs and lower taxes. I like lower taxes, so hopefully the United States can drop capital gains taxes for crypto. That would be amazing because I've said it many times. Capital gains

taxes is highway robbery by the government. You take your already tax money, you invest it, you make a profit, a great return, then the government comes and takes a cut of it. So it's highway robbery. Man So, Japan's of Financial Services Agency proposing a sweeping reclassification of cryptocurrencies that will clear the path for the launch of crypto exchange traded funds and introduce a flat twenty percent tax

on digital acid income. The proposal, introduced on Tuesdays, suggests recognizing crypto as financial products under the scope of the Financial Instruments and Exchange Act, the same regulatory framework that governs securities and traditional financial products. The proposed reclassification could also shift Japan's current progressive tax system, which taxes crypto gains at rates up to fifty five percent that's brutal man to a uniform twenty percent, mirroring the treatment of stocks.

That would be great. The change could make crypto investing more tracks tip the both retail and institutional players. You don't say, but that fifty five percent is nasty, What a crazy tax rate. That was probably the early days when they were trying to slow this down. But now they're like, let's open it up. We're going to make sure that we're more friendlier to crypto in different ways. So pretty incredible stuff here. Now falcon X joins Crypto

dot Com as partner for Link. If I'm saying netwright institutional settlement network, so let me give you to details here. Falcon X, a digital asset prime brokerage that says it has executed over one point five trillion dollars in trading volume, has joined Crypto dot Com, Galaxy, Winter Mute and others as a launch partner for Link, a platform that aims to be a settlement layer for digital asset and financial institutions. The launch of Link could underscore growing institutional interests in

digital assets as regulatory clarity improves. Falcon X says it has access to over four hundred tokens will act as both a participant and liquidity provider on the Link network. Set Link CEO Gerald David so folks. Again, another example of the infrastructure the on an off ram is being built for more capital to come in. And you know there's already a lot of retail on in off ramps. They're building it for the institutions, the wealthy individuals, folks. So what do you think is going to happen is

millions and billions come through from these institutions. What do you think is going to happen to the price? We're going to see an explosion in a price and things are going to go to higher valuations. But you got to be patient. You got to be patient. Right, some people are going to read this news. Why isn't it pumping right now? Come on right. If you don't understand that, then maybe this is not for you. Maybe you should go play the lottery and go to the casinos. You

have that instant microwave result. I pull the lever, I hit a button, and I get my results. That's not what we're doing here. We're investing. We're looking at the long term. We're looking at the macro and we're going to get bigger returns and have better odds than playing the lottery and going to the casinos. So this is why we have to educate ourselves and keep paying attention

to what's happening now. Final news item. Digital Asset raises one hundred and thirty five million dollars to scale Canton blockchain network. So the company name is Digital Asset. I know that's that's a unique name because it's name of an asset class or if you're speaking specifically about a digital asset token. Right. So Digital Asset raised one hundred and thirty five million dollars from Goldman Sachs, Citadel and others to scale this network and to drive tokenization of

real world assets in finance. Look at the names Goldman, Sachs and Citadel. But to some people, this is a scam. This is all a ponzi, this is fake. Right. They've been reading headlines, They've been fooled. They have not educated themselves. They've listened to just Jamie Diamond and these people who spread fud versus saying, let me go sit down and read these white papers. Let me research and educate myself

as to what's happening here. So let me give you some context before I go through the details, because I want to make sure you understand what the hell the Canton Network is and why these folks are investing in this. So Digital Asset and a group of firms including Microsoft, Goldman Sachs, and Deloitte announced the Canton Network in May

twenty twenty three. In September twenty twenty four, Digital Asset and the Deposit Trust and Clearing Corporation the DTCC, who just met with the SEC to talk about tokenization, by the way, completed their US Treasury Collateral Network pilot project on the Canton network. In early twenty twenty four, Digital Asset completed another large pilot project with clearing and settlement service Euroclear, the World Goal Council and global law firm

Clifford Chance. As part of this initiative, gold and bonds, eurobonds, and guilts were tokenized on the Canton network. So they're building their own blockchain here. Notice who's involved, some of the biggest names folks. This is incredible and I want you guys, if you don't know who these people are, go research it and you'll your mind will be blown. So let me bring you back now to what the hell is happening here as far as this institutional capital raise.

So they raised one hundred and thirty five million dollars in a strategic round and you have tons of big names participating, and this funding is intended to accelerate the adoption of institutional and decentralized finance on its Canton network. The Canton network is a permissionless layer one blockchain that offers configurable privacy and institutional gray compliance. With this new capital digital asset hopes to expand the integrations of billions

of real world assets into the network. Watch what they do, not what they say. Look what the hell is happening here and what they're building, folks. I'm not bullshitting when I tell you blockchain, the blockchain rails will power the governments, the finance, and the markets moving forward and it will

all play out. If you got kids, you know, start educating them about blockchain and what's happening here in stable coins and even AI right because we are in the fourth Industrial Revolution with blockchain, crypto, AI, robotics, UH, space exploration, EVS and all these things. Folks. It's incredible what's happening. The world is going to change. And I have a kid, and i'm my daughter, and I'm thinking about how I'm going to help her to be educated about these things

and to point her in the right direction. And when she becomes an adult and she's ready to get a job, what type of jobs are going to be, you know, in existence? So these are things I'm thinking about. And also trying to position some crypto assets. I've told you guys, there's some bitcoin I'm never selling. It's going to go to her and things like that. So I'm trying to think long term too, for my kid and some of you. I know you got kids and you got your family.

So think about these things, right because you see where the puck is heading, so we want to skate to where the puck is heading. So incredible stuff here, folks. Let me know what you think. Leave your thoughts and comments below hit the thumbs up button. Folks. A great way you can support me is by subscribing to my free email newsletter. It's on substack. It's one hundred percent free. Check out my book on Amazon. It's available in paperback and digital, and my course at Mycrypto course dot com.

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launch their token. It's fun, see what I mean. Lots of value packed in here, so check it out. Go to mycryptocurse dot com. Folks, thank you so much for watching and listening. I appreciate you all and I'll talk to you all later