¶ Intro
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. Please hit 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,
¶ Bitcoin price analysis
let's take a look at the bitcoin price chart right now, because I like what I'm seeing. You know, one of the things we've been talking about is just as cyclical patterns are pulling out here, bitcoin leads to the market. So we're using it as the measuring stick. Bitcoin is in the oversoul zone. Now it can go a bit further where it becomes even more over sold, right kind of like how we hit the overbought zone and it
get superheated and you know a reversal is coming. I actually hope it gets to that super oversol zone because it means the next rally is going to be face melting. Now. Right now, the RSI in the daily chart puts US at a round a thirty six, and this is getting too near the levels of the tariff crash which took place back in February, January and February of course, and even coming out of that to the final dip in April.
We're at those levels, folks, very close, So I think a little more downside and then we find the bottom, and I think we're gonna have a very good queue for base on the data now, not my emotions, not fairy tales, not my good feelings, whatever, just the data what we've seen historically. And of course we're looking at the leading factors such as global liquidity which continue to rise, in addition to other factors that show that we have not experienced the top yet. So patients continue to monitor
the metrics and the signals, and everything is gearing up. Well. Here if we jump to the weekly view of this chart, here we can see what's going on with the bears because they're still in control, right. That's fine. Bulls have their time and so do the bears. It's all cyclical, so bears still in control. But eventually we're going to see the flip, right once we hit that bottom, So just be patient, folks. Now, the big news of the day,
¶ Vanguard to offer crypto etfs
which I'm sure many of you saw, Eleanor Turt of Crypto in America reported that Vanguard eyes crypto ETF access for its brokerage clients. Vanguard is the world's second largest asset manager, right behind black Rock. They are preparing to allow access to crypto ETFs, according to a source familiar
with the matter. Folks, we literally talked about it this week, right with the news of Morgan Stanley opening up crypto trading via e Trade that Vanguard, Charles Schwab, all the naysayers, all the people who are detractors are going to capitulate. They are going to bend the knee. And hear Vanguard getting ready to open up crypto trading. They have to, folks,
as I said in the previous podcast. If they don't, they will have their Blockboster moment because all of Wall Street is adopting crypto and there's a lot of capital flowing into crypto. So if you're a CEO or you're running the company, you would be an idiot, right based on your feelings or how you feel about crypto to not allow your clients to be able to access it and you're losing out on the fees, right, that would just be an idiotic move. But they all have to
bend the knee. Game theories playing out here. No one wants to get left behind. And like I've been saying, Charles Schwab is going to be around the corner very soon. So this is very bullish, folks. The second largest asset manager in the world bending the knee to crypto. So of course they're going to open up the ETF training Bitcoin Etheroreum, and then once the all coin and ETFs are live, you can imagine they're going to open that
up too. Don't be surprised if they start looking into tokenization right because a black rock is doing it and making a lot of money from it. You have Franklin, Templeton, Fidelity. All these folks are doing these things and they're making bank and it's the future. We know the markets are going to be running on blockchain rails in addition to the governments and the economy spokes. So better late than never.
Van Guard and I think the new CEO was the one who you know, pushed this to go through because he recall, the previous CEO had some very very nasty statements he made about crypto, but he's long gone and maybe that's part of the change here. But folks, this is very significant. Don't miss how big this is. You know, share this news with those who are skeptics about crypto
is still on the fence. I love what Eric Balchune, is senior ETF analysts at Bloomberg said, because he and the folks at bloomber have been talking about this for over a year. He said, Vanguard is looking to end bitcoin ETF ban aka bend Denee laughed out loud. The dynamics have been changing. Nice scoop by Eleanor. We heard chatter of this too smart of them. In my opinion, Bitcoin in eth ETFs hugely popular, and Salim the CEO,
was one of ibit's midwives, so he knows. I believe the CEO was at black Rock working on some of these things, if I'm not mistaken. The folks at Bloomberg about a year ago, you know, they said that this band could be overturned by the new CEO, and indeed they nailed it here that you know this this would happen. So again, folks, don't miss the significance of this. I don't necessarily care about Vanguard. What I do care about is this technology and the potential to make some money here,
and this is why we're here. Many of us right. Don't get me wrong. I love the technology. I want to build with it, I want to do different things with it. But first and foremost, I'm here to make money. So we have to pay attention when we see big dominos like this fall, folks. It's very, very significant. So what a day to be in the market. And I know some of you are going to say, Tony, you look at that price, are you crazy? It's all cyclical, folks.
We're still in a bull market. And these firms like Morgan Stanley and Vanguard, they're not idiots. They know the timing of the markets. They're not trying to come in the bear market where they launch a product. They're not going to get inflows or money, right. They want to launch it a bull market to make money. So exciting times are ahead, folks. Quick word from our sponsor and that is Uphold. Uphold is one of the top crypto platforms out there. I've been using them since twenty eighteen.
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And in order to participate, you simply have to open the app once per month, deposit fifty dollars once per month, and trade fifty dollars once per month. Very simple and you can get access to this great yield. So folks, if you'd like to learn more about Uphold, check out the link in the description. Now Here are more signs
¶ Kraken funding and IPO
of the bullmarket. As IPO rumors swirl, krack In Exchange secures five hundred million dollar funding at a fifteen billion dollar valuation. This is incredible. Just the other day we saw tether their valuations insane, right, but plausible because of the amount of money they're pretty much making. But again, signs of the bullmarket. And we've heard of kracking looking
to do an IPO. So I think they're coming up next folks, and it's going to be a big one because Kracken is one of the larger exchanges you know, within the United States, I would say, just behind coinbase. So Krackin has reportedly raised five hundred million dollars at a fifteen billion dollar valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an
initial public offering. The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co ceo our June setee. The source claimed that Kraken closed the round earlier this month, however, they declined to comment. From the coin Telegraphs to report, the rays and valuation are broadly in line with cooin Telegraphs reporting in July which revealed that Kracken was seeking five hundred million dollars at a fifteen billion dollar valuation, a
move widely interpreted as a step toward IPO readiness. I think the writing's on the wall here. Kracken's going to go public. You know, Gemini Exchange just went recently. You had bullish of course, Circle was a big one, and there have been others. E Toro also went public in the United States. So guys, these are signs of a bull market, right. It's not the only side. Obviously, we're
looking at multiple factors. But I want to emphasize this so that you are looking at the market from a broader landscape, you know, not just having tunnel vision for price, because if you're caught up in the hourly and the daily and weekly of price, it's going to wreck you, man, because the market's volatile. But if you zoom out on the macro and you go down your checklist, are we
still in the bull market? Crypto IPOs, huge funding, global liquidity, bitcoin dominance, USDT dominance, Fibonacci levels, Elliott wave analysis, and much more so on and so forth. Right, So I hope you understand why I'm beating the drum here. It's to educate and help you guys to better understand the market so that you're more confident and you're not in the emotional rollercoaster of price volatility. So this is big folks to expect krack and I think they will go
public come Q four. It would be a good time seasonality wise, crypto legislations around the corner, and you know, we're expecting Q four to be pretty hot from a market standpoint, not just for crypto, but stocks and so forth, So this would be a smart move for the folks at Cracking. Now, look at this City raises stable cooin
¶ Citi Stablecoin market prediction
market cap forecast to fort trillion by twenty thirty. So City Bank here, City, the international banking and financial services company, revise its stable coin forecast due to the strong growth of the sector in the last six months and now projects the stablecoin market cap will grow to fort trillion
by twenty thirty. Analysts at City project a one point nine trillion dollars stable coin market as their base case and up to fort trillion as the bowl case, up from previous projections of one point six trillion and three point seven trillion, respectively. Now I think it's possible by next year. Late next year, this stablecoid market could even cross a trillion. Here's why. The Genius Act has been passed, and we've seen the banks themselves, City Bank of America
reported they want to launch stable coins. The stable coin race is heating up here. Of course, you got paypals, p y US, the Circle, US DC, Ripple r L, USD, you got tether. They're expanding as well in the United States, and the United States is going to push for more stable cooin development. Why because the stable coin issues for US the back stable coins. They have to hold US treasuries in the reserve, so you know, the government's going to say, hey, guys, keep minting, keep pushing the US
dollars stable coin around the globe. This is part of maintaining the dollar dominance. So I think a one trillion market cap by next year is possible because I don't think this is dependent on the cyclical pattern of the market, the bull market. It is now beyond the crypto market. Right If banks are launching stable coins, they're going to push that out to customers in different parts of the world for instant settlements, so that that has nothing to
do with bull markets. So this we could see one trillion next year of folks, let's see hopefully my predictions right or close to a trillion. You know what if we get to like nine hundred billion, right, that would be incredible. So, guys, things are opening up beautifully here. I'm so excited to see what comes this Q four and even to the next year. Look at this. UK
¶ Banks using Quant Network
Finance pilots tokenized Sterling deposits with six major banks. When I keep telling you, guys, I repeated over and over that the economies, the markets, and the governments will all be running on blockchain rails. I'm not bsing you. That's not hyperbole. This technology is the future. So UK Finance, a trade association representing over three hundred financial services firms in the UK, has launched a joint pilot project for
tokenied Sterling deposits GBTD. The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money. It announced on Friday. The pilot was launched in collaboration with six major banks operating in the UK, including Barclays, HSBC, Lloyd's banking Group, not West Nationwide and Sandtander some big
names there, right, folks. So UK Finance plans to run the pilot until mid twenty twenty six and aims to explore benefits to customers, businesses and the UK economy, targeting greater control over payments, fraud prevention and more efficient settlement process. Now we often talk about watch which blockchains are being adopted by these folks. Well, from my Quant holders, this
is huge news. I don't hold Quant, but if I did, I would be super happy and maybe in the bear market, I'm going to grab this coin because look at this Quant network to provide the infrastructure. This is where we as educated investors. We want to see who's making what moves, what institutions, what the government's doing, which blockchain they're using, and you want to grab up that coin. Obviously, you don't want to buy the tops, you don't want to
buy pumps. You want to buy the blood in the streets. So you open up the chance for you to get more of a return, right because if you go buy the top and the market rule is over, you're put in a position where you got to wait longer to recoup or make a profit. Right, so I hope you understand that. So the UK finance is GBTD. Infrastructure will be provided by quant Network, a UK headquartered platform specializing in blockchain in to rop a building that is big.
So my quant holder is yeah. I'm sure many of you got big smiles on your face right now. This is huge adoption news, right. You gotta call it like it is. Even if I don't hold a coin, I gotta say this is bullish for quants. So really great stuff here, folks, Very bullish folks. That's the news. Let me know what you think. If you appreciated this content, please subscribe to my free email news that are on substack.
The link will be in the description. I'll be putting out a new newsletter possibly tomorrow or Sunday, so you don't want to miss that. And check out my book on Amazon. It is available in paperback and digital. And check out my course at Mycrypto course dot com. This is a comprehensive course that teaches you everything about crypto. So if you want to expand your knowledge, knowledge is power, this is the course for you. 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
