¶ Intro
You won't believe this. JP Morgan is launching more crypto services. They will launch financing for crypto et apps. At the same time, Jamie Dimon continues to spread fut about the acid class and California passes a huge bitcoin bill. I'll give you the details. 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. Please sit that subscribe button as well as
the thumbs up 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
¶ Trump Elizabeth Warren Debt Ceiling
want to let you all know about something that took place today, and it's along the lines of what I've been saying for a long time, and that is the United States Federal Reserve and the other central banks around the world will continue to print money because this is the Fiat system, and this is why we have to position ourselves in assets to outpace the debasement and the inflation. So today Donald Trump tweeted out he is an agreement with Elizabeth Warren to remove the debt ceiling. Look at
what's happening here, Elizabeth Warren of all people. But this is what I've been telling you, guys, Democrats and Republicans. The one thing they agree on is to keep raising that death ceiling and keep printing. And we've been tracking global liquidity, which is fed by the amount of money and liquidity that's pumped in by these central banks, and that has been on the rise, and bitcoin and all the assets follow global liquidity. So I hope you are
seeing what is taking place here. I hope this is eye opening for you because this goes against a lot of the political theater, the muzzling and we've seen, and I believe that is just to distract you from the fact that the Fed and these central banks are doing these things, and obviously the politicians are in bed with them to do this, right, So it just shows you that we need to make sure we keep our eyes on what we need to do from an investment standpoint
to outpace this madness and generate wealth for ourselves. Folks. And let me just read what Donald Trump posted on truth Social So he shared an image of Elizabeth Warren tweeting at him from I think it was in May. She said, Donald Trump and I agree the debt limit should be scrapped to prevent an economic catastrophe. Let's pass a bipartisan bill and get rid of it forever. Donald Trump today tweeted out a screenshot of that, saying, I am very pleased to announce that, after all these years,
I agree with Senator Elizabeth Warren on something. The debt limit should be entirely scrapped to prevent an economic catastrophe. It is too devastating to be put in the hands of political people that may want to use it, despite the horrendous effect it could have on our country and indirectly even the world. YadA, YadA, YadA, folks, they remove that debt ceiling, what do you think is going to happen. It's going to make it easier for him to print
and print and print. We are going to continue to see the debt rise to new all time highs, and so will asset prices because the more you debase the currency, the less purchasing power the fiat currency has. But the prices of assets skyrocket, So that includes crypto, precious metals, the stock market, real estate, and much more. But as Paul Tutor Jones said in twenty twenty after they printed the most money in the history of the United States. He said, Big Quinn and Crypto are the fastest horse
in the race. So you want to position yourself in assets, and of course Crypto if you want to get that bigger return. Crypto's the big macro trade. Folks, look at what's happening here. Trump and Elizabeth Warren have mud slang and called each other names. I'm talking NonStop heated battles. Right. Trump usually calls her Pocahontas and so forth. But look at what the agree on, folks. I hope this is
eye opening for many of you. This is something I've been trying to get folks to understand and to not get caught up into political theater and narratives. If you're caught up in that and you're worshiping politicians and much more, you're going to be disappointed because the things they agree on. If you don't understand what the outcomes and what happens as a result of that to you and your money, then you're missing the mark. You are falling for the
political theater. They don't care about the debt. It is all a facade. The Fiat system requires that you keep printing. Now, you could say, hey, we shouldn't be printing as much and we shouldn't be spending as much. Yes that I agree with that, but at the end of the day, they have to keep printing, regardless of if you. Elon comes in and cuts a trillion, and obviously he wasn't
able to do that. He was only able to cut like one hundred and seventy five billion, right, and he had to get out of the government, and he's actually criticizing Republicans that much more. You guys are going to spend more and blah blah, blah, blah blah. But this is the Fiat system. Not even Elon can stop it, folks. And this is a setup that exists globally, and of course bitcoin and crypto we're going to move against that. And this is why I keep tracking global liquidity because
assets are correlated to it. And like I said, what's feeding into the global liquidity number the more money printing that they do. So please understand this, folks. It's foundational to investing, whether you're investing in stocks, real estate, much more. This is what's driving asset prices now, folks. On that note,
¶ Bitcoin Whales accumulating
we continue to see whales are accumulating. Here's data from Santiment today. We saw a huge spike. So despite the volatility some of the pullbacks for bitcoin, while it's with ten or more, Bitcoin saw a massive spike. And I'm going to have Brian from Santaman on later this week. We're going to break this down. But huge spike. We are still in a ballmarket. I know there's going to be people who don't believe that because they're caught up in their emotions, but the data doesn't lie. And folks,
¶ JPMorgan Crypto ETFs
you won't believe this. Look at this news. JP Morgan plans to offer its clients financing against crypto ets so it's being reported by Bloomberg. JP Morgan and Company will allow trading and wealth management clients to use cryptocurrency linked assets as collateral for loans, starting with black Rocks, I Shares Bitcoin trusts. Oh my gosh, I hope some of you took your positions. Folks. The world's largest bank is doing this and they're going to issue loans against ETFs
and much more. And just remember what Jamie Diamond said a week ago. This man is the master of playing smoke and mirror games. He said the US should be stockpiling missiles, not bitcoin. So he continued his funding criticism. So while he as the figurehead, the CEO, saying these things for the masses, distracting them, telling them, ah, don't worry about it. His bank, the world's largest bank, is
building all of these crypto services and products. Folks. This is the game, and I've talked about it for years, So please please recognize what's happening here. It's important because this is the game they've been playing for a long time. And I'm trying to wake up some of you, like pull you out of the matrix, right, like what happened with Neo and the matrix. Right, he gets unplugged and
his eyes are open. I'm trying to help you understand that that this is how the markets and the economy works. And they don't teach us in school about the money printing and the Fed and much more. And obviously these big banks JP Morgan much more. They are plugged in to the Fed and the Treasury and much more so. The bank will also consider clients crypto holdings when assessing their overall net worth and liquid ascids, similar to stocks, cars,
or art. Oh. So Jamie's recognizing the crypto asset class. It's a legit acid to them if they're going to recognize it as part of their client's portfolio. So the changes will apply to all of the bank's clients globally, spanning multiple levels of wealth, and come as big banks respond to client demand and a more favorable regulatory environment. Folks, we're still in the bullmarket. This acid class is on the rise. It's getting adopted by the largest institutions in
the world. I've been telling you all blockchain will be the rails that the government's and the economies and the markets will run on. Be patient. Understand the market cycles follow the macro things like global liquidity and much more. So great times are ahead, and not only for this cycle,
but for future bullmarket cycles. And as I've told you guys, I am going to take some of my profits from this cycle, reinvest it in the bloody beer market of twenty twenty seven, prepare for the twenty twenty eight to twenty thirty bull market. So that's my plan, and I'm going to ride this institutional wave of folks coming in. But Jamie Dimond is something else, isn't he playing that smoke and Mirror's game. Spreading lies and fud while his bank is doing all these things. Folks. Now, the folks
¶ Bitcoin & Ethereum ETFs
at Bloomberg, Eric Balachunez and James Seyfert gave a full breakdown of who is invested in bigcoinyts as it relates to financial institutions, and it's very interesting. So Eric Balchuni has said, nice, look at the breakdown of holders of the spot big one ETFs via thirteen F filings. So this is confirmed by the you know, thirteen F filings with the sec advisor has surged up the list a
now number one by mile. These thirteen F filers make up twenty percent of total assets, but in my opinion that is likely to rise to thirty five to forty percent as more adoption comes. So leading the number one spot as far as exposure is investment advisors number two, hedge fund managers number three, brokerage number four, of holding company number five, government number six, bank number seven, private equity, and then followed by trust and endowment. Folks, I hope
you see what's happening here. This is a paradigm shift. And James Seifert gave a breakdown of the etheroremytfs and the top five are essentially investment advisors, hedge fund manager, brokerage, private equity holding company, trust and so forth. So, folks, you have some of the biggest institutions buying these ETFs.
They want exposure, they want crypto, and I hope you have the macro outlook and that you bought the bloody bear mark, you bought the lows and we're going to get ready to take profits at the highs when things get greedy, and you're for it now, folks, quick word from our sponsor, and that is Propy is leading to charge with putting real estate on chain. I invested in a Propy token back in twenty eighteen when I discovered Propy,
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to learn more about Propy, visit the link in the description. Now, folks, California has officially passed the right to Transact Bigcoin unanimously out of the Assembly. This is good. It's it's a bill that is, you know, helping folks to be able to use bigcoin, adopt bitcoin, and much more. Now, it still has to make its way, you know, going further into government. Right you got the House and it and
¶ California Bitcoin Bill
so forth, and then the governor has to sign it into law. But some folks initially were like, wait a minute, there's some language here that's a red flag, and that is the you know, people reporting that bitcoin held on exchanges for three plus years will be transferred to the state of California under a law pass by the Assembly.
So right away it's like, whoa, what the hell? This is why I'm a big believer in self custody because that can happen if you own your own keys, right, So it's important that you don't leave all your crypto on an exchange, folks. We've said that for a long time, but Dennis Porter of the Satociac Fund gave clarity. When they take the bitcoin off the exchanges, they're not liquidating it. They are going to hold it and you kind of like how the unclaimed property laws work, you can go
claim it. So they're not liquidating it, they're not taking it and using it or anything like that. So that's good to know. So we got some clarity there that it's not what we were thinking, because on its face it looked really bad, and I'm glad it's not, you know, what we were thinking it was initially, So that's that's really good, folks. So I'm glad there was some clarity there. And folks, today we had a digital Asset market structure
¶ Crypto Regulation hearing
hearing in Congress, so the Houses version of the market Structure Bill, called the Clarity Act, was discussed. Really great. We got to have the dialogue, we got to have the discussions, and you had some folks testifying much more on Congressman Tom Ehmer came out supporting the Clariac. You had French Hill, of course, Brian Style, the folks I've had on the podcast talking about this. So we're making progress. So that's a very good sign. Now, circles ipo is
¶ Circle IPO Ripple Coinbase
said to be over twenty five times oversubscribe. This is incredible and it's kind of what we've been talking about. I think we mentioned it yesterday with Ripple CEO said, hey, we were not looking to buy Circle, and I think there was some fake news put out there right Circle Coinbase. These people are trying to come by us and stuff to try to get the valuation higher. I spoke about that. But what's interesting Chamat Polloptilla, who's a well known investor.
He's part of the All In podcast team. He said the following, it would be genius for Ripple or coinbase to buy Circle. It looks like circles ipo is twenty five x oversubscribe, valuing the company at around seven billion dollars. If someone can buy it for even twelve to thirteen billion, that's a steal in my opinion, for what this business could be worth in twenty years. I agree with him. The stable coin market's going to Boom, and Circle has
a very big lead in the United States specifically. Now globally it's Tether, right, but Circle they got the first mover advantage. They have a lot of the infrastructure where usdcs on multiple blockchains. They have even exposure in Latin America, and much more so, They're further ahead than any other competitor in the United States. So he says, Circle has built the entire market structure for stable coins well before it will formerly exist in the United States. For example,
ahead of the Genius Bill. My prediction, Stripe, Square, Ripple, Coinbase, they're all going to end up competing with each other for stable coin dominance, which is really good for end businesses and consumers and probably really bad for terminal margins. The company that builds the most efficient infrastructure and sells it for cheapest costs plus with a thin margin on top,
will probably take the market, he says. Note that there are no official slash confirmed reports of coinbase pursuing an acquisition of Circle, but there's a bunch of rumors in the rumor mill that they are in acquisition discussion. So once again we've just heard a ton of rumors. Honestly, I think Coinbase would have the biggest chance of acquiring Circle because they've done a massive partnership at Circle in integrating USDC, so they already know how the product works.
They've already got their foot in the door there. But you know, you never know whoever comes with the highest bid. Ripple CEO of course denying you know the rumors, but we'll see how it plays out. And Circle is still trying to do their IPO, so well, then acquisition happen right before you know they're trying to do an IPO. I don't know, We'll have to see how it pans out. But I agree with Chamathier, a lot of these folks got a lot of work to do to catch up
to Tether. Tether is just massive, even with the complications in the EU market. And I'm going to try to get Tether's CEO on again, Paolo Ardino, to talk about I'm going to try to get an in person interview with him at my studio in New York to talk about all these things. And you know, how are they going to be able to navigate the waters with the stable coin billy here in the United States? So TVD on that now, folks, some good news Moonpay was able
¶ MoonPay Bitlicense
to get a bit license in New York. Now, I hate the bit license. I think this is bullshit. They should get rid of it. It's a stupid wall they put up, and it's I think it was put up to slow down crypto companies, honestly by the Wall Street guys. But nevertheless, it's great to see crypto companies get these these licenses and they have sometimes have to wait years. It's so stupid. And that's why some of you ask, hey, why can't I access this company or this platform in
New York. It's because New York has this bullshit license. But Moonpay joins a short list of crypto native firms, including Coinbase, Anchorage, and Circle that have been approved to operate in this state by the New York DFS. So great news here, folks. Let me know what you think about this news, especially the JP more news. That's huge again the world's largest bank adopting. Despite Jamie Diamond telling namass Is this is all you know garbage, you shouldn't
pay attention. Yet JP Morgan is doing all these things, folks. A great way you can support me in the podcast is by subscribing to my free email newsletter. It's one hundred percent free. Link will be in a description. Check out my book on Amazon, it's available in paperback, in digital, and my new course at mycryptocourse dot com. This is a comprehensive course that teaches you every aspect of crypto folks,
thank you for watching and listening. I appreciate you all, and I'll talk to you all later
