He's back regulator, but still a scumback. Gary Ginster makes an appearance and it seems like he is a Bitcoin maximus. Now I'll share the clip of what he had to say, and fetcher Jerome Powell makes some very interesting statements about crypto and stable coins that you need to know about. And we're going to talk about global liquidity on the rise and could we see a bitcoin in the crypto market making move soon. Let's get into it. Hey, everybody,
welcome into the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in, and please let that subscribe button as well as the thumbsup button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks. I took a few days off. It's great to be back. It was spring break this week for my daughter, so
me and the family we want a little trip. And although I'm still I'm battling some allergies right now, so a part in my voice, but I'll get through it taking some meds. But it's great to be back, and we got a lot to cover, So let's get into it. So first up, we want to talk about the price of bitcoin. Not much happening, guys. We're still waiting for bitcoin and even the stock market to break through that two hundred day moving average. You can see here on
my screen. I'm zoomed in. But we need to see higher highs and higher lows. And as I always say, let the market prove itself. Let it show us that it has strength and that this is indeed the reversal for the rally upwards. I still believe we are in a bull market despite this very harsh correction that we experience with the macro uncertainty of tariffs, and the catalyst that could help us get above these moving averages and have the strength could be the resolution to the US
and China tariff battle that's been going on. In addition to the FED making a move of cutting rates or signaling their returning to money printing, and there's a bit of a battle going on between Fed Cherry Jerome Ball and Donald Trump. That's all a political show. It's just political theater. One thing we know about this fiat currency system, we have to go back to money printing. There's no way around it, so one way or the other, they're
going to get there. This is where we have to be patient and just sit back and let the liquidity continue to rise. And what we are seeing is that global liquidity is breaking out like crazy. It's going parabolic. That's very good. We've seen this result in massive rallies for bitcoin and the crypto market, even in stock market, because all these assets are correlated to a global liquidity.
So here analysts crypto currently said can't stop looking at this chart, and his chart shows global liquidity and bitcoin. He says, we really have a full breakout on the Global Liquidity index first time in three years, and bitcoin is consolidating. Anything can happen, of course, but the future looks so bright. So as always, there's no guarantees here, right, we don't have a crystal ball, but looking at the
data now not our feelings are emotions. We're seeing the patterns we've seen history, and that could play out very well. Even macro investor Ral Pale shared his data chart showing global M two you know, essentially global liquidity and that it is surging as well. So multiple data points are showing this. Guys. He says, I know many of you want to see the updated version of the Bitcoin versus Global M two chart here. It is just a very small part of the weekly macro investing tool. It is
time give or take a few days. So he's saying we could see some sort of rally soon, and I think seasonality wise, that make sense. Obviously, this tariff situation has really put a dark cloud over markets, and it's not just crypto, of course, but at some point the markets will price this in there they'll find your bottom and start moving. We've seen this historically, whether it be two thousand and eight, whether it be two thousand, the dot com bubble pop, right, all these things go back
to all the major crashes and histories. Markets find a bottom and they keep going. What we have to do is, of course, be patient. And that's the hard part. And you can listen to Warren Buffett and read the books about him and what he talks about patients when it comes to investing and even emotional control, not being emotional about the markets. Yes, it's hard, Yes, a seeing your value of your portfolio going down is hard. It bothers
me as well. Right, That's why I've often said, don't look at your portfolio when we go through these parts. I haven't been looking at my portfolio, and I'm being very honest, I have not been looking at it because I know there's the mental battle there right. Oh my god, my portfolio is down. I'm not gonna hit my financial goals. You go, we all human, we go through it. But part of investing, and this is not playing the lottery,
and this is not going to the casino. This is having a macro view, a long term view, and staying the course. Obviously there's something detrimental happening to a specific stock or crypto you're holding, you want to liquidate it. But outside of those things, you just want to sit back and ride the wave here the globally liquidity way. So I think in due time, guys, we're going to see a rally upwards. Now, FED Chair Jerome Powell made
some big statements around crypto. He says crypto is becoming more mainstream and legal framework for stable coins is a good idea. So we've seen over time Pradchair Jerome Powell
make statements about crypto that it's here to stay. They're not going to ban it, and I think they absolutely agree with the stable coin idea because this will help the US dollar maintain its will a reserve currency status, especially as stable coin issues are going to buy treasuries right and the US won't have to depend on China
and other countries. You know. Jerome Powell mentioned stable coins and standard Charter this week put out an article saying they expect the stable coin supply to search to two trillion dollars by twenty twenty eight. So I think we could get to a trillion by the end of this year, or if not to next year if stable coin legislation
makes it through. Because once you have the clarity the banks, all these big institutions are going to be able to launch your own stable coins, guys, and the United States wants this, by the way, They need to do this because this will help the US dollar because there's bricks nations trying to bypass the US dollar. I'm sure you
guys are up to speed on what's happening there. So allowing different institutions in the United States to launch these and then push these USD backed stable coins into different parts of the world will help the world reserve currency status. So big stuff here. Now we got news that the SEC has announced details for its third crypto Policy Roundtable, and these roundtables have been great, They've been livestream. There's
a lot of transparency, so I love it. They have an April twenty fifth event which will focus on custody issues, featuring two panels, one on broker dealer and wallet custody and the other on investment advisor and investment company custody. So you're going to see folks, some fireblocks, fidelity, anchorage, cracking, exodus, and much more so. Guys, we're seeing some of the biggest of the biggest in the industry coming to meet with the SEC here and it's amazing to see this happening.
It's a far cry from what was happening over the past four years. Now, speaking about what was happening over the past four years, look who crawled out from under their rock at MIT, Gary Genser, the scumbag regulator himself or a former regulator, but still a scumbag. Gary Cancer. So this guy is unbelievable. And as usual, he goes
on CNBC. He doesn't answer questions clearly, he dances around the questions, but he made some surprising statements that have Bitcoin Maxi's kind of going crazy, like, oh, Gary, answer is a Bitcoin maxie now and for some of those bigcoin maxis who are low IQ. If Gary was such a Bitcoin Maxi, why did it take a lawsuit for him to approve the bigcoin spotty? TF? That he had to be called arbitrary and capricious to approve a bigcoin s body TF? Yeah, because he's not no big coin maximus.
He is anti crypto because he was told to be anti crypto by Elizabeth Warren who was his controller. And of course they were lobbied by the big banks, right Jamie and Iman and all these guys. That was the whole plan. That's why he attacked crypto like that. So you know bitcoin maxi's they're just looking for the grasping for straws here. Oh oh Gary's big you know he's he's a bitcoin maxim. Yeah yeah, Gary, you want Gary
to be your leader? Now? Really? Really? I mean the guy who had to be called arbitrary and capricies to approve a bitcoin spotty TF. The guy who claim was a Bitcoin maximus had to have the courts do this to him to approve a bigcoin spotty TF. Again, Logic reason have been thrown out the window with some of these guys. But let me play the clip of what Gary had to say.
Hey, Gary, final question for you. As you probably watched, so many CEOs were doing almost victory laps in the in the crypto world as these enforcement cases were dropped to buy this current administration of cases, of course, the cases that you had brought. As you watched that, what did you think.
Look, I'm going to step back a little bit from any individual cases and just say this again to your viewing public. Is a very small part of the financial markets. But if you were interested in this, think about every financial asset sort of trades and a bit of fundamentals and sentiment. But this field is almost ninety nine or maybe one might say one hundred percent sentiment and very
little unfundamentals. And while something like bitcoin may persist for a long time because there's seven billion people around the globe a real keen interest in it, there's ten or fifteen thousand others of these tokens. And to think through your own risk, your own personal risk, about where are the fundamentals And if this is just about sentiment, then generally those don't end up well and most then go down.
Are you talking?
You're contrasting Bitcoin with the other ones, or you're just they're all the same.
Joe, I'm glad that you spoke up, because I know you're a bit of a bitcoin enthusiast and think less well of the rest of those. It's how you and I've always connected in the green rooms. But think of these ten or fifteen thousand other tokens, and just on the economics, just on the fundamentals. What are the fundamentals?
No, I know, but that was my suggestion.
You throw Bitcoin in with the rest of them, or you think Bitcoin is different than it's qualitatively different than the others. I think the distinction is similar to in metals, there's only two or three precious metals. We humans have a certain fascination with two or three precious metals like gold. I don't think we human, so we'll have a fascination with ten or fifteen thousand meme or sentiment tokens trading over the years.
So there you have it, right, And he tried to compare everything else outside of bitcoin to memes and sentiment tokens when many of these blockchains have big institutions. I'm talking black Rock, fidelity and much more. Building on him, you know, what's on the screen there next to Gary, Etherorem, Salon and XRP. Those have a lot of institutional investors,
specifically Etherorem and XRP. Solana not so much. Now. You could argue there was a lot of meme coins in Solana, right, Yes, I mean he may have a point there, but at the end of the day, there's more than meme coins being built. So he's being disingenuous as usual. He's still, you know, with that same old narrative. And it wouldn't
surprise me. Elizabeth Warren told him the hey, crawl out from MIT and come say something on TV, you know, because we can attack you know, let this current administration about it and so on and so forth. Typical Gary, Right, what are you gonna do? He's he's a scumbag and he's going to be a continue to be a scumbag. But guys, one thing is for sure, it doesn't matter what Gary Ginster does. Disruptive technology always wins. I'll give
you an example. Telecom companies back in the nineties were trying to block the Internet because people are going to use the Internet for a voice over IP being able to do calls and all that. They tried to fight. So they were the incumbents. Same things happening here, banks and payment companies. We got to stop these crypto guys. We're got to stop the stable coins. They're moving value. They're investing in these things outside of us. Same thing's
happening here. And of course they have their dogs on the leash like Gary. And of course he was, you know, the call was made to him. He's a gold min sas guy. The call was made to him, and he did what he had to do. But he got defeated, of course, and he's still going to run around, you know, trying to talk his bs, but it doesn't carry any weight anymore. Everybody knows he's a clown. Anyway, guys, quick
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more about Uphold, check out the link in the description. Now, guys, look at this Binance is reportedly advising global governments and setting up strategic bitcoin reserves. So we've been seeing cz while he's not working in a full capacity at Binance. He's been meeting with different governments and becoming an advisor, a crypto advisor. He met with the folks at Pakistan and Kyrgistan, and it's incredible that Binance is doing us
and the world is still the world's largest exchange. So they have a big brand and you know, there's clarity now. They're kind of out of the woods in regards to what was going on with cz and the fines and so forth. So it makes sense that they're going to do this because they can get these governments to buy the coins from them and even custody right if they choose to. But smart move by Binance, so lem you to details. Cryptocurrency Exchang Finance is involved in discussions on
establishing strategic digital asset reserves with several countries. It's CEO, Richard Teng, reportedly said Finance has been advising multiple governments on establishing strategic bitcoin reserves and formulating crypto asset regulations to Teng said in an interview with The Financial Times on April seventeenth, so here's a quote. We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own
crypto reserves. Guys, how things have changed. A paradigm shift is taking place. I couldn't imagine this in twenty sixteen when I got in. So it's incredible, just amazing, And sometimes I have to pinch myself because it's surreal having experienced the opposite of governments spreading funds, saying all types of negative things. So now, oh, we want to set up a crypto reserve, right, and we're going to work
with exchanges. Incredible stuff. Now, speaking of institutional adoption, Franklin Templeton, the Wall Street powerhouse, they have formed a partnership with Standard Chartered and OKX crypto exchange. So they tweeted out that Standard Chartered and OKX have launched a collateral mirroring program allowing institutional clients to use crypto and tokenized money market funds held by Standard Chartered on the OKX exchange. Brevin Howard Digital will be the first to participate using
Franklin Templeton's tokenized platform. Guys, I'm sure many of you have seen my interview with Sandy Call, who heads up Digital Assets at Franklin Templeton I've interviewed her two times. If you haven't, check out the interview playlist. They are doing a lot, and they don't get the big headlines like black Rock or Fideli, but they're doing a lot. They're building a lot of products, and this is a
huge partnership. Standard Chartered, I mean a bank right and Okax one of the largest exchanges in the Asian markets. They're not fully functional in the United States to regulations, but I think second to Finance, they have the most volume, if I'm not mistaken. But huge, huge news here, guys, I hope you see what's happening. Final news item. Treehouse Finance reaches four hundred million dollars token valuation in new funding round. So they have raised an undisclosed amount with
a four hundred million dollars valuation. The figure represents the fully diluted valuation of tree Houses yet to launch Native token. Co founder and CEO Brandon go Toll the block So notice this, guys, they're raising a lot of money that tokens not launch at. So this is why I've been saying I'm looking forward to the future bull markets. There's gonna be new blockchains and new tokens out there and you want to follow the money. You know, what are the vcs and hedge ones putting your money in? And
it could be opportunities. Right, this is the first time I'm hearing about Treehouse Finance. I don't know much about them, but I think there are more of a defive protocol AB. I'll give it to details. But pretty incredible, right, still coming in token projects are still getting funded, guys. These are all signs of growth and health in the market,
so Go said. The funding round was structured as a simple agreement for future tokens the SAFT token SAFT if you want to call it that, and close late last year. He added. The Treehouse's previous eighteen million dollars seed round, completed over three years ago in March twenty twenty two, was also structured as a SAFT. Treehouse Finance did not name its lead investor, but described it as a venture arm of one of the largest life insurance and financial
firms managing over five hundred billion dollars in assets. The article says here the investor appears to be Mass Mutual Ventures, which also backed Treehouses seed round. Guys, look who's involved here. Pretty incredible stuff. So you know, for just so you know, treehouses betting on a defile I fixed income becoming a major market, tapping into a six hundred trillion dollar opportunity from traditional finance. So essentially, as they tokenize all the
traditional assets, there's gonna be opportunities for DeFi. And as a highlight here fixed income DeFi. Now, we've got to make sure the infrastructure is right. We got to make sure these things are tested because we've seen DeFi get exploited big time, and I've often said that doesn't mean DeFi is not going to exist. The point is that version one point zero of anything, especially in the early days,
it's going to have flaws. There's gonna be bugs, and it's going to be open season on it, right because hackers and all these guys are going to attack it. But I think further iteration, you'll have better software here, better protocols, better set up where it can't be hacked. And I'm betting the institutions know what they're doing here and they're going to build things that are much safer. So guys, I mean, I see the names that are
getting involved here. It is company and people who have been around before the crypto market and now they're all getting involved some of the biggest things. I mean, I just told you guys about standard Charter, Mass mutual. Those who are around before crypto and they've been doing their thing, and now they see what's on the horizon that this technology is here to stay. So big things are happening globally. Guys, folks, that's the news. Let me know what you think. Leave
your thoughts and comments below. Great way you can support me in the podcast is by subscribing to my free email newsletter. It's on Substack. Check out my book on Amazon. It's available in paperback in digital, and check out my new course at Mycrypto course dot com. It's a comprehensive course that teaches you every aspect of crypto. Guys, thank you so much for watching and listening. I appreciate you all and I'll talk to you all later