FIRST STATE BITCOIN RESERVE BILL PASSED & CRYPTO CHOAS ON CAPITAL HILL!

Tony Edward. On your way in. Please let that subscribe button as well as a thumbs up button and leave a comment. Blow If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks. Tomorrow, we are going to hear

from the FED if they are going to cut rights. Right now, the markets are anticipating there will be no ray cut. But could we get surprised by the Fed. It's a possibility, but you know, we'll have to wait and see. But the other factor that I'm more curious about is if Jerome Powell's signals the end of because the last meeting he said that they were ramping down

quantitative tightening. They dropped it by eighty percent. And you know all the things that they do there, and as we've been talking about for the past two to three years, we are on the path to quantitative easing where they are going to be supporting the markets, buying securities, printing money. Again, that is the status quo. They can't escape from it. Congress wants what is it, six trillion dollars, they're raising the debt ceiling. How do you pay for all that?

We know how the story ends, and that is quantitative easing, folks. So it's just a matter of hearing this or getting the signal from Jerome Powell, because if he simply signals that qt's wrapping up and they're going to start quantitative easing sometime this year, that's all the markets need to hear. Because the markets are forward looking and they know more money,

more liquidity is coming. And we've been tracking global liquidity and that has been on the rise, and we see bitcoin in the stock market and all these assets are moving with it. So tomorrow's a big day and expect volatility. By the way, as usually in any week, there's a FED announcement, ors FED meeting. What's interesting and shout out to Marty Party on X here he highlighted that the

FED has started to do some stealth QI. So Janet Yellen, when she was in office with the Biden administration, was doing a bit of this backdooring liquidity and much more from the Treasury. And Marty provided the following Treasury news breakdown, and he said, today the US Treasury auctioned three year treasury bonds. They tried to sell one hundred and fifty billion dollars but only sold seventy eight billion. Look at the FED line item sooma or SOMA. This is the

FED buying twenty billion themselves. So notice the Fed going back.

we see today bitcoin was actually moving up. It's currently over ninety seven thousand dollars. Let's see if this continues. But I can't really judge.

had some of the most bullish news today. New Hampshire becomes the first state to pass a strategic bitcoin reserve bill into law. This is a landmark win, folks, incredible. We've been tracking different states, some have rejected, some have delayed. Recently we reported on Arizona's governor not a fan of what was happening here, I'm looking to stop the bill.

But we got the first state. And as I always tell you, guys, it just takes one state to move and then the rest will follows will follow because game theory is going to play out. So of course, this gives the state the ability to establish a Bitcoin and digital assets reserve fund and they can buy the assets

directly or through an ETF. So incredible stuff. And I'm going to have Dennis Porter from this Atoshi Action Fund on the podcast tomorrow because he's the one that's been working with the different states across the nation to try to get this done. So this is a huge win.

And recently I mentioned in one of my podcasts that even if none of these states approved this year, the fact that we got this far along in the process, where the states got it through their House and their Senate, so to speak, right their whole legislative process, is a huge victory. It got further than expected. And that also there was a likelihood that one or two states would get this done because on the federal level, the government

is looking to establish a strategic bitcoin reserve. Trump signed the executive order, right, so things are moving in the right direction here, guys. And as always, it starts a bitcoin and they will eventually make their way to all coins. We're seeing it on the ETF front and other fronts as well. So this is this is just amazing. It's essentially the nation's first bitcoin and digital assets reserve fund.

Because on the federal level, they're still looking for revenue neutral ways to do this where it doesn't affect the taxpayers. They don't use taxpayer money to pay for this. But on the state level it's a bit different. And you know, as we've been talking about, bitcoin and crypto are the fastest horse in the race. They're going to help the state pensions and investment funds to be able to grow you know, in value and wealth of course, and that

will work out well locally. So this is incredible news, guys. I hope you realize how significant this is. And here's just a photo of the New Hampshire Governor, Kelly A. Yote from saying that right she officially signed a bill into law. And it's just, I mean, just amazing stuff here. This is historic, guys. Historic. Now when we look at the tracker as far as which states are in the lead, so obviously New Hampshire they have enacted it. Arizona is

one step away from this being enacted. North Carolina is two steps away, and then we also have Texas is two steps away. In Alabama is about three steps away. So these are the states that are in the lead essentially to get this done. And I think the fact that New Hampshire got it done it's going to make it easier for the other states to follow suit because you have a clear leader in the space and no one wants to get left behind and game theory, you

guys know, I've talked about that at nauseam. But I hope you understand how significant this is. And we continue

to see more buying a bitcoin from the ETF issuers, so black rocks. Ibit took in another half a billion dollars yesterday into their ETF of course, extending inflow streak to fifteen days and is now the sixth in year to date flows, passing Gold, which is notable because ibid is only up four percent versus gold having the run

of its life. Aric Balchunis of Bloomberg says, to take in more cash in that scenario is a really good sign for long term and inspires confidence in our call that bitcoin ets will have triple goals au M in three to five years. So this is incredible what's happening. And as more states past the bitcoin reserve, guess where they're most likely going to buy their bitcoin from the ETFs and who's going to be at the top of this black rock? See how this is all playing out

the Wall Street takeover here. So this is why I'm bullish on bitcoin long term as a store of value digital goal. There's some bitcoin I'm never selling. I've often said I'm going to hand it down to my daughter. There will be some I'm taking profits on this cycle, of course, because first and foremost I need to make sure my financial situation is in a good place right, expanding my retirement, paying off debt, and having more financial freedom.

So that's number one. And I'm going to rinse and repeak for the different bullmarket cycles, this bullmarket and then the next bullmarket of twenty twenty eight into twenty thirty. So I'm preparing to squeeze as much juice out of this orange as possible now, folks quickly from our sponsor, and that is v Chain. V chain is one of the top Layer one enterprise blockchains out there. They're working with many brands and companies globally to build sustainability and

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it was chaos on Capitol Hill as a crypto hearing in the House just got derailed by some top Democrats, including Maxine Waters, who you can see the photo here, walked out and her and some other Democrats also did the same thing. And the House Committee on Agriculture it's a Republican committee, tweeted out while Maxine Waters rushed out the door. Adults remain in the room, Republicans and Democrats working together on bipartisan efforts to bring clarity to the

digital asset space. Now, not all Democrats left, but obviously Maxine Waters left, and she actually had folks go to another hearing that was talking about Trump's crypto corruption. So they're really using Trump's businesses in crypto like we're liberty,

financial and much more to go against Trump. So it's getting nasty here, and this is I hate politics and I hate stuff like this, and I hope they are able to get this done, folks, because we need the legislation, We need the regulation done so that the industry can have the clarity, but also consumers can be protected. If we don't do that, a lot of people are going to have issues. We could have another FTX problem. Right.

You need the regulators to have the guardrails. You need the crypto companies to know who to go to, who to plug into, and have full transparency and oversight because we can't have CELSIS and FTX and all these things happen. We need the right things to happen, and obviously we want innovation to flourish as well. So this is getting

really really nasty. It's a mess. And there's even a clip of one Congressman just not even adhering to the rules and Representative Brian Style, who I've had on the podcast. You know, he had to correct Congressman and it was just really hard to watch. But you know, hopefully they can get some sort of resolution here and we can move forward now. Mike Belshie, founder and CEO Bitgo, who I've had on the podcast many times, and I'm a

big fan of Mike's. He's a Web one point zero guy and worked at Google on Chrome and much more, and obviously here building one of the biggest crypto companies. It's a huge crypto custodian, he tweeted out this morning heading out of DC this morning after dinner with Donald Trump last night. We've had a wave of strong wins for the crypto industry already this year thanks to his leadership, and we've put America back into the leadership role for

the future of finance and capital markets. There is more work to do, and this week we are calling on Congress to continue to support for crypto by passing the Genius Act, which brings clarity to business, safety to users, and strengthens the dollar globally. This is a unanimously positive bill for crypto voters, and crypto voters will remember your support. Aditionally, yesterday brought our first updated look at the Market Structure Bill, which we hope will ultimately pass. This here also, it's

time to biddle with confidence and safety. So great to see that these CEOs and founders are engaging with Donald Trump and the members of the federal government to try to get all these things done, and we absolutely need the engagement there. Now, speaking of stable coins, we have

some news here around tether. So Tether adds chain analysis, tokenization platform for compliance and monitoring. Tether the issuer of the world's largest stable coin by market cap. USDT has announced a partnership with Chaninnalysis that will integrate the company's compliance and monitoring tools onto Tether's tokenization platform. The move

comes amid expanding oversight across the crypto industry. Launched in November twenty twenty four, the had Drawn by Tether platform is designed for institutions, corporations, and governments entities that may be interested in tokenizing real world as sets ranging from financial instruments and real estate to debt and commodities. So this is great changealysis. They do a lot of on

chain data and analytics and forensics and much more. So great to see tethers plugging into this, and you know they may be able to provide more transparency around what they're doing. So this is a pretty big win here for Tether. Now we have some ETF news, so bit

Wise has filed for a near ETF, so many of you may know about the near protocol. I believe they're one of the AI themed blockchains out there. So we continue to see more demand for all coinitias, and I think this is going to really put more pressure on the SEC to approve these things and here's another one. Twenty one Shares launches an ETP for Crypto dot COM's Chronos token, so the cro product, and I think this could do well as Crypto dot Com has partnered with

the Trump Media Group to launch some eats and much more. So. This is pretty big, guys. Things are growing, things are expanding, We're seeing more demand, and I think we get crypto legislation done this year. It's going to be huge, huge, huge, huge for the market. It could signal the top by the way, you know, with all these things, but this is where you need to have a profit taking plan. Bull Markets don't last forever, and there will be a

bear market. It's not the nature of markets. This is the same thing for the stock market, right, nothing goes up in a straight line. Just remember what happened in twenty twenty two. For all of you who think there's not going to be a bear market, just go look at the stock market in twenty twenty two, Look at crypto in twenty twenty two. So remember, don't move by emotions. Use the data, use pattern recognition, use the charts, use the on chain data and metrics and much more to

form your thesis. Don't go by your gut and oh I feel this is going to happen. No, but the markets don't care about your feelings. They what you need to to do is look at what's happening. This is why I update you guys on the charts, the unchained data, what whales are doing, what the FED is doing, because the FED impacts markets from a macro perspective, right, all markets. So that's why we're watching for QE and ray cuts

and all these things. Not that necessarily ray cuts mean that the markets are gonna pump, but we're looking to see that the FED is gonna turn dubvish right and they start to opening up more liquidity and much more. That That is what we care about, not so much that the rates are getting cut. It's it's a sentiment and the forecasting of the future path that we're headed towards. So it's it's like dominoes, right, you know, as a domino's fall. So that is what we're paying attention to, folks.

So that's the news. Let me know what you guys think. Leave your thoughts to comments below, hit the thumbs up button. A great way you can support me in the podcast is by subscribing to my free email newsletter. It's one hundred percent free. It's on Substack. Also check out my book on Amazon, it's available in paperback and digital, and my course at Mycrypto course dot com. This is a

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