¶ Intro
I've got bullish news for you. The three crypto bills have passed in the House. The stable Coin Market Structure and Anti CBDC bills have passed, and the stable coin bill goes to Trump for signatures tomorrow. This is massive and XRP has entered price discovery, blasting through the old all time highs. Let's get into it, hey, folks, Welcome into the Thinking Crypto Podcast. 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.
¶ Bitcoin, XRP, Market analysis
If you look at the total market cap right now, it is in new all time highs at three point nine two trillion dollars Bitcoin over one hundred and twenty thousand dollars ethereum near thirty six hundred dollars. XRP new all time highs at three dollars and sixty two cents. Folks, it is up near forty three percent over the past seven days. XRP is ripping, hitting new all time highs. This is what I've been telling you. The thesis is
playing out beautifully here. All of this is following global liquidity and we're seeing the rotation of liquidity threety assets right, Bitcoin pump to one hundred and twenty three k, hit its overbod zone. Then the rotational liquidity started hitting etherorem XRP. It will make its way to the mid caps and then the small caps. Folks, It's beautiful. I mean, look at the sea of green in the market here. Even Solana is joining the game. Solana is over one hundred
and eighty bucks. You got dose coin over twenty three cents, Cardono over eighty five cents. Things are looking really good. And remember this thing runs in phases, so you will have pullbacks, you will have volatility. You have to expect that. You have to keep that in the back of your mind. Man. But when I look at the total market cap here on the chart, it is an amazing thing to see. And this is the bull market. Remember all the people in the common section call me a clown and the
idiot saying we were in a bear market. The market top. I'm going to take the high road. I'm not going to rip them to shreds, but I'm going to say this. I hope you learn what is happening in the market and how to read the markets. If you look at XRPS chart, my god, that's a bullish chart, folks, new all time highs. I refresh my portfolio today, and to say the least, I'm very happy my XRP holdings, my Ethereum holdings are up. Obviously Bitcoin is up as well,
and I have other coins in my portfolio. But what an amazing time to be in this market. If you look at the Etheroreum chart, also very very bullish. And you know, some of the factors I've been sharing with you guys NonStop on the live stream in my newsletter on the podcast is bitcoin dominance, and you can see that isn't a free fall. So of course these are the metrics we're looking at. So the important thing that we need to keep in mind, like I said, there's volatility.
Bitcoin dominance is hitting the over soul zone and these all coins like XRP are in the overbod zone. So you can see things are becoming overheated and there's going to be a reversal, so anticipate the reversal. But as many of you know, things are going to continue to heat up. We're gonna hit new highs. It's gonna get euphoric and greedy. The herd is gonna come in. It will almost seem like they will never be at top. That's the feelings and the emotions that come in. But
we do not invest with our feelings or emotions. As happy as we are to see the prices up, this is the time we want to start to get fearful. Why we're doing the contrarian move against the herd who are going to come in, the dumb money crowd. And if you are planning to take profits, this is the time to pay attention. Don't walk away from the market.
Have your profit taking plan. I will be taking profits, of course, and I will let you guys know, hey, I'm completely out of the market or I've took profits at this respective price point. So stick with me, folks, and make sure you are subscribed with the notification bell.
On the other factor, tether dominance, the stable coin liquid it is in a free fall as well, currently at four point one four percent, and when that thing breaks below four percent, guys, it's going to go lower, obviously, but it's going to trigger massive liquidity coming into bigcoin in all coins, so incredible, incredible stuff here. Now, I know some of you hold other all coins further down the list, like maybe all coin number one hundred or
two hundred. Right, well, let's look at the total market cap excluding bitcoin, ethererem and stable coins, and look at that. We are on the rise. We have not hit new all time highs yet, but again, this thing runs in phases, so you can see here we're on our way up.
We are at near eight hundred billion, and we haven't passed what we hit the high that we hit in Q four of twenty twenty four, which was near or actuld say, yeah, nine hundred and forty eight billion, So we got some ways to go, but you can see we're climbing the ladder. We're stare stepping our way out of these corrective zones and we're going to make new highs and this market is going to go parabolic. It's going to get exciting. And I want to remind you
all of this is following global liquidity. Right. You see the stock market hitting new all time high. As real estate, you also have precious metals gold and silver have been on the rise. You got the collectible's market obviously, crypto so liquidity slashing around in different markets, but that does not last forever. So this is why it's critical to understand where we're at in the cycle and where we're headed and what is going to follow. Every bull market
is followed by a bear market. Just look at the stock market. It's been around longer than crypto, it still experiences bear market because this thing is all following liquidity. Now, as I've been sharing with you guys, the global liquidity tracker right now is topping out in November. It doesn't mean that we can't rebound, but as of right now, as of today, the data we have showing that topping out there. So this rally could continue to Q four and then top out, or maybe there's a pullback and
then it continues hiringto Q one twenty twenty six. I don't know, all right, So I don't have a crystal ball, but I'm going to use the data I have today to validate my thesis versus my gut feeling or feelings and emotions. We don't want to invest like that, right, folks. So the thesis is playing out beautifully here. I hope you understand. I hope you stuck with me because things are about to get euphoric, exciting. Some of you are
going to make life changing money. As I've been saying, make sure you have a plan for that money so you don't get hit with sudden wealth syndrome. You cater for taxes, to pay off your debt, bolster up your retirement, spend some of course, obviously, so just know what you're doing right because you want to be smart with your money. Guys, And I speak from experience, I speak from you know stories. I've heard of other people that I know you have gone through these things and they wish they had a
plan and they did things better. So please understand all of the implications of making these great returns because nothing moves like crypto. Man. It's like Paul Tudor Jones said, Bitcoin and crypto are the fastest horses in the race, in the race amongst assets. So it's bullish times. Anticipate pullbacks, corrections, volatility, but we're going to keep going higher following global liquidity. Now, folks,
quick word from our sponsor, and that is Proppy. Propy is a leader in the space of putting real estate on chain. You can buy and sell real estate on Propy using crypto, which is amazing, and their platform is of course powered by a blockchain. They have a token called the pro token. I've been invested in that token since twenty eighteen because when I started investing in crypto and going into different tokens, I noticed that Propy was the only one in the real estate swim lane, so
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along with other assets, and Propy is leading that charge, folks. So, like I said, I've been an investor for many years, even before it became a sponsor in full transparency, and I continue to hold the token. I'm bullish on the token, And if you like to learn more about Propy, visit the link in the description. Now, folks, I'm sure many
¶ Crypto & Stablecoin bills pass in House
of you heard, and that is the three crypto bills have passed in the House. This is why I was telling you guys over the past couple of days don't worry. They're going to get it done right. It's just the normal politics. It moves like molasses. They always throw with some monkey wrench in the system, but they get it done. And the Genius Act, the stable coin bill, as I've been highlighting, has geopolitical implications with the US dollar and
US treasuries. So Tom Emmer, he tweeted out today, passed the Genius Act will create a clear, regulatory stable coin framework for asset innovators to thrive in the US, bring our payment system into the tw twenty first century, and preserve the dollars dominance as the world reserve currency. So highlighting the Genius Act, which is a stable coin bill being passed. The Clarity Act was also passed, and the
Anti CBDC Act was passed. Now the stable cooin bill, the Genius Act, goes to President Trump and he will sign that. They said by tomorrow apparently, so once that sign expect major stable coin innovation. We're going to see the big banks launcher stable coins. We've already heard from the banks. Bank of America's CEO said they're going to launch your own stable coin. Apparently there's a joint conglomerate among these banks JP Morgan, Wells, Fargo and much more
than want to launch a joint stable coin. So you are going to see stable coins pop up everywhere, and that's very good for the crypto acid class as well as the US dollar. Now, the Clarity Act, the Market Structure Bill, and the Anti CBDC Bill, they're going to go to the Senate, and as David Sachs the White House Cryptos are said about a few weeks ago, that's going to be voted on in September, so after the August recess. And this is where that coincides potentially with
the top of the market. Now that's the bigger bill because it will rule on many things. What's the security, what's not the SEC's role, the cfdc's role, you got DeFi, you got staking, you have so many things right now. It doesn't cover every aspect of crypto, but it covers the meat and potatoes, the main stuff. So that is even more bullish than the stable cooin bill from a crypto market perspective. Right, So, just an amazing, amazing win. Here.
Let me give you some of the details. Eleanor Terry Recap is saying the Clarity Act passing to vote two ninety four to one thirty four, with seventy eight Democrats voting in favor. That is more than double the thirty five that was expected, and more than the seventy one who voted to pass the FIT twenty one bill last year. Now, if he caught my recent interview with Congressman Frenchill, the FIT twenty one is the Clarityact. They just changed the
name and made some updates to it. Genius Act passed in a vote of three hundred and eight to one twenty two, with one hundred and two Democrats voting in favor. That's a lot of Democrats, But the Democrats know that this is important to the United States sustainability of the world reserve currency and dollar dominance, so that's why that number is high. The Anti CBDC Act passed in a vote of two nineteen to two ten with two Democrats
voting in favor. Now, a lot of Democrats following Elizabeth Warren, they love that CBDC setup. But I've been telling you guys, watch that joint stable coin if it comes from the banks, because that is a CBDC with a different face and name on it. All those banks are plugged into the Fed and Treasury. So while it's not the Fed giving you a wallet in CBDC, they're putting it through their buddies, the JP, Morgan and so forth. Right, we know how the system works, so we got to watch out for that.
That is the CBDC that we got to watch out for, So we got to be vigilant there. But folks, what a massive win. So bullish, and you notice is going to unlock tons of capital coming into the market, tons of innovation, lots of job creation, and much more. Ripple's CEO, Brad Garlinghouse weighed in on this, saying the last major financial regulation bill was passed fifteen years ago in response
to the two thousand and eight financial crisis. Tomorrow, the signing of the Genius Act cements the US's future in being a leader in truly innovative financial technology stable coins. This moment is a historic one and I for one, am looking forward to all that is to come as a result of this transformational legislation. Now Ripple is going to benefit significantly because they have a stable coin called
r l USD. So it's just exciting. I'm sure everybody in the crypto market is excited about this and Look
¶ Coinbase & Robinhood Stock hit new hights
at this robin Hood and Coinbasis stock hit new highs today and another confirmation of the bullmarket. Right. So crypto companies, especially those that are public, are going to benefit significantly because the arrative is going to be out there, legislations here, So people are going to bet on these companies and their stocks because they know mass adoption is going to come. So if you hold coin based stock or robin Hood stock, congrats, and you know bitcoin mining stocks are going to go
up much more circle obviously they went public. Expect to see more crypto companies go public, folks, because the clarities there, the narratives there, and we're in a bull market, so it makes sense to do that. Now, look at this Blackrock.
¶ BlackRock Ethereum ETF Staking
You know they are all in on crypto. They are seeking staking option for Eischer's Ethereum trust in new filing. So this comes with no surprise. I've been telling you guys. When the SEC approves taking and the Ethereom ETFs, the inflows are going to explode because you have the yield and Blackrock they don't want to miss out. And I'm waiting for them to file for their x RP and Solana ETFs. You know they were kind of late to
the game with bitcoin and eth. They came after them the other players file, but they're kind of the pillar that the SEC also gives favoritism too. That if Blackrocks participating, then you know that means we have to approve it. Unfortunately, that's how it is if you know what Blackrock is and what they've done with the government and much more so, the Nasdaq submitted and amended nineteen B dash four filing to allow staking for ether held in the aischers Etheroereum
trust ETO. So if BlackRock's doing this, approval is probably right around the corner right read between the lines here, folks. We've seen this story before, so bullish times are ahead. And look, speaking of the Nasdaq, many of you may have seen my video and pictures that I posted. I was at the NASDAC today at the Nasdaq Exchange and celebrating high digital technologies. They're a bitcoin minor. I had the chairman, Frank Holmes on the podcast a couple of
months back. Obviously, they're publicly listed and they're celebrating four years of being publicly listed, and it was a great experience to be at the Nasdaq. I've visit at the New York Stock Exchange. But to be at the NASDAC and to be there to ringing the closing bell was awesome. And it's just I think, an analogous to what is happening in this market, and that crypto is going fully mainstream, taking over Wall Street, taking over trad Fi, and crypto
companies going public getting publicly listed. Just so much happening, tokenization ets you name it, right, folks. So as I said, though, have a plan, know what you're doing. If you are taking profits, just be prepared, guys, because I've been here for multiple bull market cycles. It doesn't last forever. There's going to be people saying this time is different. I've seen that every cycle. This time is different. This time
is different. Again. Look at the stock market, it's regulated, it's been around longer, but it still experiences bear markets. Look at the real estate market, same thing. Look at precious metals, right, So you have to make sure that you understand what's happening here. Don't get overwhelmed by your
feelings of happiness Euphouria Greed. Those things are normal, but don't get don't let them take over you where you lose your thinking, and don't follow the data which I've been sharing with you guys, because we want to make sure we get this thing right and we don't screw it up. Folks, that's the news. Let me know what you think. Leave your thoughts in comments below, hit the thumbs up button, and folks, if you appreciate all the content, all the stuff I've been doing, I asked that you
please subscribe to my free email newsletter. It's one hundred percent free. You don't have to pay anything. It's on substack. Support me in that way it will really help I put out a newsletter every week. I'll be putting out one tomorrow. Also, grab a copy of my book on Amazon. It's available in paperback in digital. And also check out my course at Mycrypto course dot com. If you want to expand your knowledge about crypto, this is the course for you. It's a comprehensive course pack with a ton
of value. Check it out, folks. All the links will be in the description. Thank you for watching the listening. I appreciate you all, and I'll talk to you all later
