JPMORGAN CEO JAMIE DIMON BEGS FOR CRYPTO LEVEL PLAYING FIELD!

we got to start with the price of bitcoin, because today bitcoin wiped up to seventy thousand dollars and that's the highest it has been in this respective consolidation zone, and it's attempting to break out, but it looks like you got rejected a bit here on the daily. Now, this is very much in the micro and the macro.

We've been talking about a relief rally, right we're waiting for that move, but we can't rule out that Bitcoin could dump a bit below sixty k, go to the fifty five, fifty four to fifty three range, and that could be like a just quick dump and then it gets bought up really fast, because I believe a lot of big players are gonna scoop up bitcoin in the

lows there and then the relief rally happens. But we are seeing that bigcoin's knocking at the door here to break through seventy k and we need to see that impulsive move that strength before we can say, hey, eighty thousand and eighty five thousand is coming potentially ninety thousand, So we're gonna have to wait and see what the market's doing. Some positive signs is that the bulls are

in control. In the daily the MACD is green, and the RSI is moving away from the over soul zone and it still has room to run before it hits the overbought zone. So these are indicators that are leaning more towards a relief rally coming soon. And on the weekly chart, bitcoins RSI is also moving away, it's from the over sol zone. That's a positive sign. The MACD shows the bears are who are still in control, are losing momentum. And we got a green candle here on

the weekly. Now we have to close the week, right, so I don't want to get too excited here again. Just we're seeing some positive signs the stock market. You know, we are seeing a green candle forming here, but still, you know, it's still looking kind of weak. So if the stock market were to dump, you know, crypto, and I think the other markets are gonna follow, but we're gonna have to be patient and see how this all

plays out. There's obviously the Iran conflict going on, and you know, you never know what new stuff could come up and that could trigger markets to sell off. Now, today I did put out a write up in my newsletters, so make sure you subscribe. It's one hundred percent free,

you guys. I shared both a bullish and a bear scenario using Elliott wave analysis, and with the bullish essentially saying that you know, we're gonna bottom out soon and start the fifth wave up to the two point sixty one eight Fibonacci, but that will be till next year, and that will put us in the one hundred and fifty thousand dollars range and maybe a little bit over that. The bear ish is maybe along the lines of what we're expecting, and that is we're bottoming it out soon.

Then we have a relief rally, which would be a B wave up to about ninety K then we roll over to lower lows. So we'll see which scenario plays out. Folks. You know, no one has a crystal ball, and we're certainly at a crossroads on both the stock market and crypto. Obviously, long term, I'm bullish, guys. I believe we're going to

continue to go higher. We've been talking about all the infrastructure being set up, the market structure legislation potentially passing this year and which could open up a lot of capital. So I'm expecting bigger bull runs and markets in the future right now obviously macro wise, with you know, I think we're in a recession. We get the war and all these things going on. Tariff situations right even though the Supreme Court rule that are illegal. How are they

going to get that money back to people? Are we going to get a stimulus check? Who knows? So there's so many things up in the air. We're going to have to be patient here. I'm hoping that in the coming months we see a nice relief rally. That would be nice, and you take a little bit of profits to and then continue to buy and then prepare for the major run up I think starting in twenty twenty seven.

So again, make sure you check out that newsletter. It includes a lot of helpful and useful charts and data points, so check it out. Link will be in the description

now in addition to the small positive price action, we're seeing crypto funds rebound with one billion dollar inflows after five week slump, so this is a good sign people are buying the dips. Here so, crypto investment products recorded their first weekly inflow since January, snapping a five week

outflow streak totaling roughly four billion dollars. Crypto exchange traded products known as ETPs attracted one billion dollar last week, led by eight hundred and eighty two million dollars into bitcoin funds, according to a Monday report from coin Shares. Here's a quote from a macro standpoint. It is difficult to attribute these shift in sentiment to a single catalyst,

said James Butterfill, coin shares, head of research. He said the reversal likely reflected prior price weakness, a break below key technical levels, and renewed accumulation by large bitcoin holders. Here's a quote at a more anecdotal level. Recent client discussions have been mostly entirely focused on identifying entry points rather than reducing exposure to the acid class, so people

are looking to buy the dips. And speaking of buying the dips, Michael Sailor Strategy purchased two hundred million dollars in bitcoin last week. The latest purchase, funded through common and preferred stock sales, lifted total holdings to seven hundred and twenty thousand, seven hundred and thirty seven coins valued

at more than forty seven billion dollars now. Anthony Popliano's digital asset treasury company, Procap Financial, they bought four hundred and fifty bitcoin and the acquisition makes Procap the nineteenth largest publicly traded holder of bitcoin, while lowering the company's average cost basis per coin. So these digital acid treasury companies continue to buy, and not only them, the and Salana folks as well. You know, the big e theorem one is bitmind heading up by Tom Lee. So this

is a good sign. You know, we don't want to just use this as our only indicator. We want to look at the charts, the on chain metrics, the macro and much more so. We want to make sure we're looking at a confluence of different factors right to form our thesis. But this is a good sign the CDs

big players are buying. It could be an indication that we're nearing some sort of local bottom where we have that relief rally, right and then we roll over to lower lows or or you know, I give us a low probability it's the start of a major move to new all time highs. And again I give that like a one to two percent potential playing out. So we got to be patient. But nevertheless, you know, with the price is being so low, this is certainly an opportunity

to buy. Obviously, not financial advice. Guys, do your own research, talk to our registered investment advisor. But I'm just saying, out of market principles, these are the times to buy when there's extreme fear, when the it's been oversold, when there's blood on the streets. As they would say, right as Warren Buffett would say, be fearful when others are greedy,

and be greedy when others are fearful. So I'm gonna be looking to buy some all coins, not necessarily Bitcoin, because I think, you know, as far as Bitcoin's upside, I don't think it's going to be that great. I think the all coins usually outperform Bitcoin anyway. So I'm gonna look at some of the coins I've been telling you guys like uniswap, which black Rock is investing in, Layer zero, which Apollo is investing in and Citadel, which

is investing in morpho. I believe I may have those two mixed up, but anyway, the point is those are the coins they're buying, and those are things I'm looking at and potentially grabbing up other tokens like maybe some Salon and XRP and things along those lines. Now, folks, a great place where you can buy these assets and also get huge tax benefits is on I Trust Capital.

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You can do that. So unlike you know, the tons of other platforms out there would just give you like the paper right, there's no actual you can't even claim it. So this is unique and you could redeem the actual asset. Now, when it comes to crypto, they have all the crypto assets you know, you go down the list Bigcoiny Theorem XRP, Solana and so on and so forth. So good amount

of crypto assets. And if you have an existing four oh one k or ira, you can roll it over to I Trust Capital and I have an account with them. And as far as custody, they offer an account called a Premium custody account folks, so this is institutional grade custody. They use coin based prime fireblocks fidelity, which many institutions use. For example, black Back Rock uses coinbas Prime, so you can buy cell Crypto twenty four to seven. It's US based.

It's a closed loop system so even if someone hacks into your account, they can't remove anything, folks. So it's low fees as well, so this is a great, great option folks. So you can get the tax benefits and have a safe way to custod your assets. That's using institutional bank tiered custodial level services. So if you'd like to learn more about I Trust Capital, visit the link in the description. If you use my link, guys, you can get one hundred dollars funding bonus, so check it

out again. I have an account with them and it's a great option again, huge tax benefits and you have peace of mind with the custody option. So all the links would be in the description. Now you won't believe

what bankster Jamie Diamond had to say today. He was interviewed on the CNBC and you know he's changed his tune on crypto now he's fighting with the other banks against stable coin yield. But let me give you some of the generic things he had to say about AI and crypto. So he said AI is real. Companies should deploy it. It could mean three to four day work weeks, but if adoption moves too fast, job losses could outpace retraining.

Government should step in with income assistance plus training. But they're not prepared, he says. On crypto market structure, banks say rewards equals interests. If you pay on balances, you should be regulated like a bank. We've been firm. If you want to be a bank, become a bank, then you can do whatever you want. He also said banks

want a level playing field with crypto firms. This is such bullshit from Jamie because Demand was criticizing crypto and blockchain technology for a long time, saying it's also the scam. We know his m going back to twenty seventeen, all the big statements he's made, but that was his tactic, smoke a mirror so he can go, buy low and out.

You know, he doesn't like that you're taking your money and go and putting into an investment that he can't fully invest and as a bank right, he can't make money, he can't manipulate it like they've done with silver and other assets. In addition, we know that he and the banking folks were lobbying Elizabeth Warren and Gary Genser to attack the crypto industry. So it's funny now he's coming out level playing field with crypto firms get out of here.

But guys, it's like we've talked about for a long time. First they ignore you, then they laugh at you, then they fight you, then you win. Now there's still a bit of fighting here, but crypto is clearly one and it's forcing Jamie to now change his tune, saying cryptos here to stay. Stable coins and blockchain are real, and JP Morgan has been launching its own stuff right, tokenizing assets using cryptos, collateral offering bitcoin and ETF trading to

their wealthy clients and much more. We've seen all of Wall Street capitulate, right, So the fact that he's coming out and saying this is pathetic. But we know the deal, guys. We've been talking about it for a while. This is not about small community banks. Oh no, there's gonna be a bank run. People are gonna put all their money in stable coins, usually to people who use credit unions as well as community banks. They're not even like fully

educated about crypto yet, right. They're usually folks who may not even use the banking app and so forth. Right, they use their community banks and all that. But this is about the bank bonuses. His bonus check at the end of the year, right, he doesn't want to give you more than zero points zero zero one percent. And I'm a Chase customer. I use Chase Bank, right, It's more convenient for me because it's closed by to me. But the point is in my savings, they give me

zero points zero one one percent. But I get higher yield by using platforms like uphold end coinbase, where it parks some of my money in stable coins and I earned the rewards, plus I stake crypto because I'm getting next to nothing in my bank account. Yes, do I have tradi fy high yield accounts and things like that,

Yes I have that. But the point is in a basic setup where I don't have to lock up my money forever and all these things, I can easily do that in crypto platforms, while at the banks they don't want to give you anything, right, So if they want to compete, the banks should launch their own stable coins and compete offer the same type of rewards. But of course that's going to cut into their bonus checks. You think Jamie wants a discount on his bonus checks and

these other bank sea levels. Of course not. They don't want to give you anything, guys. This is what they're up to. So they're gonna use smoking mirrors and say, oh my god, it's going to cause a bank run. Oh my god, it's going to do this. Why don't you compete, guys, Why don't you raise the interest rates in your savings account and then people don't have to go to stable coins. There's no need because they're actually

getting you're sharing the money with them. Or launch your own stable coins and offer the same type of rewards. But again, guys, it's about the money. Show me the money, right, so pathetic statements from Jamie Diamond as usual. Now Hunter Horseley, CEO bit Wise weigh in on these statements by Jamin. He says, a tale as old as time reminds me a lot of banks and money market fund managers coming

into conflict in the nineteen seventies. So the banks always try to fight any emerging technology or things that will take money out of their pockets. And again this comes back to their checks, their bonuses, right all right, Moving

ahead and speaking of banks, EU banks Europegged stable coin in talks with crypto exchanges to ensure liquidity. Wow, wow, this is incredible. Now they're tapping crypto exchanges for liquidity. That's amazing. So quickvalis a group of major EU banks developing a Europeg stable coin, is in advanced talks with crypto exchanges, market makers and liquidity providers to ensure the token is listed on regulated platforms and has strong liquidity

from day one. The token will be backed one to one by a mix of bank deposits and high quality short term Euro Area sovereign bond and aims to offer a regulated European alternative to dollar stable coins. So obviously the EU wants to compete because they don't, they're going to be in trouble with the amount of dollar stable coins out there. And second, the banks liquid they need

for liquidity crypto exchanges. So it's a group of twelve EU banks and they're developing that euro peg stable coin and they plant to debut in the second half of the year. But guys, the banks are coming to crypto exchanges for liquidity. Crypto is winning. I hope you see what's happening and how these banks have been forced to capitulate and we're going to see stable coins across the globe. Is the token economy. I've been telling you guys, beating

the drum for years. The capital markets, the economies, and governments will all run on blockchain rails. And speaking of

stable coins, Tether Anchorage tap Deloitte for the first us AT stable Coin Reserve report. So many of you know Tether launched us AT as a Genius Act compliance stable coin because their usd T stable coin, which is the largest in the world, is not compliant with the Genius Act. And I think they may do the same thing in the EU because us DT is not compliant with the MECA regulations. But they're tapping Deloitte to do their reserve report,

so their attestations essentially, So this is pretty big. So Deloitte penned USAT's first attestation report on behalf of the issuer Anchorage Digital, the big four accounting firm began working for a circle in twenty twenty three. Tether signal last year that it's pursuing a full independent audit. So this is pretty big. And it's amazing to see these big four accounting firms like PwC and others and ey getting involved and with the crypto industry and providing the respective

audit and verifications that we need. So this is really great. The reports showed that USAT's reserves were valued in excess of the stable coins circulating supply, totaling seventyeen point six million dollars and seventeen zero point five million dollars respectively as of January thirty. First that meanty token had a cushion of around one hundred thousand dollars a few days after its debut last month. Now, I hope to get bo Hines back on the podcast to talk a bit

about this new stable coin. But this is pretty big for Tether, and let's see what type of you know, penetration they can make in the US market. Look, there is USDT being still used in the US market, but let's see what USAT does here. Okay, Now, in the

same boat of stable coins, we get an update here on CBDC. So remember the anti CBDC ban bill, right, I had some folks on the PODT. I was talking to them about it, asking why didn't this get passed, right because it was supposed to be in the Defense spending bill but it didn't make it through. Well, here US Senate Housing Bill includes the CBDC ban. So the Senate Banking Committe these Bipartisan Road to Housing Act includes a provision banning the FED from issuing a CBDC before

twenty thirty one. So this is good news. However, you know, I would hope that stable coins, you know, the same type of guardraels are put into place there, because look, one could argue stable coins are a co worked CBDC if the FED and the Treasury and all these folks can easily plug into these different companies. But you know, as long as there's a barrier where Okay, if you need to get information, you need to have a warrant, right,

to abide by the constitution. So I'm going to try to get some experts on and people from DC to talk about it, to make sure stable coins are not you know, the trojan horse. While we're focused on the CBDC thinking oh that's banned, so we're good. But no, man, we need to see the laws on your rights are still respected and there's not this monitoring, this privacy and all these things. So stay tuned for those interviews. Okay,

moving ahead, TED Securities sees New York Stock Exchange tokenization as institutional churning point. So we've heard and seen that many of the big stock exchanges are all looking to go twenty four to seven. They're all looking to tokenize. So again going back to the capital markets will all run on blockchain rails. So TED Securities, a major Canadian investment bank with operations across North America, says tokenization may be approaching an institutional churning point following the New York

Stock Exchange's push into tokenized equities. In recent commentary, TD Securities Read Knock, vice president for Electronic Trading, said tokenization is beginning to carry real implications for market structure, pointing to the New York Stock Exchange proposed Tokenized Equity's alternative trading system as a key development. The planned platform would enable twenty four hour trading and near instant settlement of tokenized stocks and the exchange traded funds, subject to regulatory approval.

They're in creating a parallel crypto native marketplace. The venue is designed to operate within existing US market rules while leveraging blockchain based settlement infrastructure. This is the power of blockchain, folks. And now you're seeing all a tradify looking to emulate crypto go twenty four to seven. Truly global markets, liquidity coming in from all around the world. And again capital markets, governments,

and economies all running on blockchain rails. We are in the early innings with all of this being set up. Here's another example. Northern Trust enters tokenized treasuries fund market with new share class. So Northern Trust Asset Management has launched a tokenized share class of its NIF Treasury Instruments portfolio,

marking its entry into the digital assets market. According to the company, the structure uses distributed ledger technology to maintain a digital mirror of share ownership, while the underlying portfolio continue needs to invest in short term US treasuries. According to Monday's announcement, the shares will initially be offered through B and Y Melons Liquidity Direct platform, which operates on Goldman Sachs Digital Asset Platform. Look at the names involved there, guys.

The fund itself does not use blockchain technology or invests in crypto assets. Instead, authorized intermediaries are expected to maintain a blockchain based mirror of ownership records for clients. The NIF Treasury Instruments Portfolio invests in a diversified pool of short term US Treasury instruments and seeks to maintain a one dollar per share value, though it is not FDIC insured and may lose value. So you can see, we're

still in the early innings. These things are being rolled out, but there are missing components like FDIC insurance and so forth. But we'll get there. We'll get there eventually. As crypto legislations pass, a lot of these things will be forced to be in line. Make sure they have the reserves, making sure they have insurance, and all the things that are needed. All the bells and whistles. Right now, here's some more tokenization news. And this is the final item.

Bitfinex revives tokenized bonds targeting cryptonative yield seekers. So Bitfinex Security said on Monday it will resume issuing tokenized bonds for Luxemburg based securitization fund Alternative, with future sales expected to exceed ten million dollars. The USDT denominated bonds will be issued and settled on the liquid Network, a Bitcoin side chain, with fundraising, coupon payments, and principal repayments executed

fully on chain. The move follows four prior tokenized bond issuances since twenty twenty three, totaling six point two million dollars, three of which have matured and have been fully repaid, representing about one million dollars in principal return to investors. Across those offerings, investors receive twenty on chain coupon payments worth more than one point one million dollars by the completion of their first full tokenized bond cycle in twenty

twenty five. According to the companies, the bonds give investors exposure to emerging market private credit, including financing and small and medium sized businesses and women led enterprises. So incredible, guys, the things that are being built here and This is

why I'm still very bullish on this acid class. Clearly they're building on blockchain tech and the infrastructure, the market, the pillars, all these things are still being set up right the picks and shovels, if you want to have the analogy compared to the gold Rush, and there's more to go here. And despite the bear market we find ourselves in, you know, all these things are going to get built out, and I think a lot of them are going to be ready by the time we enter

the next bull cycle. So make sure you have the macroview, you're patient and not emotional about markets. Guys, we are seeing incredible adoption folks. Make sure that you hit the thumbs up button to subscribe. If you haven't as yet, please support the podcast by subscribing to my free email newsletter. Like I said earlier, I put out a write up today, so check it out. It is one hundred percent free, doesn't cost you anything. Be sure to grab a copy

of my book on Amazon. It's available in paperback, in digital. And if you want to expand your knowledge about crypto and blockchain tech, check out my course. This is a comprehensive course that teaches you everything you need to know about crypto. It features tons of useful information, videos, downloadable materials, and much more. Again, knowledge is power, so check it out. Go to Mycrypto course dot com. All of the links will be in a description. Folks, thank you so much

for tuning in. I appreciate you all, and I'll talk to you all later