¶ Intro
Hey, everybody. Welcome into the Thinking Crypto podcast, your 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 want to talk a bit about Bitcoin's price and
¶ Bitcoin and Gold analysis
what we may see happen next, in addition the rotation of liquidity from gold over to bitcoin. And this should come as no surprise because what I've been sharing with you guys is the macro thesis of we are in able market for all assets. We're in the everything bubble. I've been talking about there for the past two years. Right. This is all following global liquidity. So it includes real estate, crypto stocks, and precious metals. And what we've seen lately
is not only gold taking off, but silver. Right. So clearly the data shows, right if you go back and look at the data over the past two years, that all these things are going to hire valuation and it's all following once again, global liquidity. So right now Bitcoin an update from yesterday's podcast has dropped below the two hundred day moving average. That's the bullmarket line in the sand. I've often stated, if we are comfortably above that, we are in a bullmarket. When we are below it in
a down trend, we're in a bear market. Now we've seen throughout this bull market that bitcoin has dipped below but recovered. So what we want to see, folks, is Bitcoin recover out of here. The good thing is that the RSI is at below thirty five. In fact, it
went below thirty four today on the daily chart. Now it could go below thirty because we actually saw that earlier this year with the tariff sell off right where everyone was panicking and selling, and that drop was bigger, and it happened over a longer timeframe of months, and you know, people were like, oh my god, that's it. Trump crashed the markets and so forth right. I think a lot of people don't actually remember because they wouldn't
be freaked out as much about what's happening now. So on the daily the macdi shows the bears are losing some momentum. The macdee went from solid red to light red. So if you know this metric and this signal, you know that when you're solid, that's a very strong indicator. When we're getting lighter, that's a weaker indicator. So we're seeing some positive signs here, but we're not out of the woods yet, absolutely not right. So I'm not saying
the bottom is in. That's not what I'm saying. I'm saying we're close to it and we have to give it time and let it play out. And then for Bitcoin on the monthly chart, the bulls are still in control. So that's one thing that's a big factor as to why I think this bull market is not over. In addition, October usually is a green month the year following a bitcoin having, so we had the bitcoin having last year twenty twenty four, and the data shows us that October's
are usually good. So could October recover It's possible, but it's not guaranteed. So here analyst Crypto currently said rough first half of October for bitcoin, especially when compared to previous posts having years like twenty thirteen, twenty seventeen, and twenty twenty one. Bitcoin can still turn things around here, but we really want to see that start to happen soon. So again, with the bitcoin being in the over soul zone, bears losing some momentum on the daily chart. We'll have
to wait and see, but again not guaranteed. But let's see if in another week's time bitcoin bottoms out and then starts moving up. Right now, we're at negative six point two percent or six point zero two percent, so let's see what happens now. The other factor I've been highlighting as to why this doesn't feel like the top like the market top is the bitcoin dominance. It has not waterfall or collapse like we've seen before, and right now it's actually moving back up, so that makes sense.
It is slowly but surely creeping its way back up. So where's that big collapse? Right? Where is it? It's not like the previous market cycles, and the sentiment doesn't match this. Please tell me which bull market ends in fear. It's not like that at all. And not to mention, you have gold ripping right now and we're going to get to gold, so let me not get ahead of myself. But USDT dominance, the stable coin dominance that is also not collapsed like we've seen before. So why is this
all of a sudden? You know something people are calling the toss because they see certain things on the weekly chart and so forth. But you've got to balance all these data points. And like I said, I'm not saying the bear case, there's not a bear case. There is a bearcase, but I believe the higher probability is on the bull side because of the macro factors, the unchained factors, and the chart factors. You got people using charts saying
the top is in. You can't just use one factor, right, So I hope you understand what I'm trying to share here and why I'm looking at this market from a three to sixty point of view using multiple data points. So bitcoin dominance has not dropped like before. USDT dominance has not dropped before. And what we're seeing is that tether they're minting. So today we had another billion, and
USD team minted. On October fifteenth we had a billion, and October thirteenth we had a billion, So three billion over the past week or so, and I expect this to continue. And look, there's also other stable coins, but we use each other as the main benchmark. So that liquidity we know is going to make its way into
the market. And now jumping to the goal conversation, so global liquidity as I've been telling you guys, is the leading indicator here, and it's one factor, but when you put it together with the other factors I just shared, it's showing there's more upside, and gold is following that, and bitcoin was following that. But slow down a bit. But we've seen these deviations throughout the bull market. It's not a perfect, you know, tick for tick. It's more directional.
We know that. Hey, if this is showing there's more upside, regardless of the short term volatility, we're going to catch up. So gold has been going parabolic, right, guys. But right now it's actually pulling back a bit, and which I think is healthy because holy how it is overbought on the daily chart. If you go look at the RSI metric for gold throughout its bull market cycle, there's never been an RSI period extended like this. So it is so overheated, folks, It is insane how overheated it is.
The RSI has been you know, hitting the nineties and in the eighties, and usually you're in the overbought zone as soon as you cross seventy, right, So this is pretty wild. But hey, let's see, it may have more upside, but this right, here is a parabolic euphoria move and we're seeing retail lining up. There's people sharing on social media across the world. People are lining up to buy gold. So when have you seen stuff like that? Right? Usually you see it for stocks and crypto, but it's on
the internet. But people actually lining up, that is a top signal. You've got to understand when normis the retail folks are lining up like this and you know we can eat, go buy gold when it's been pumping like crazy, going parabolic, that's a top signal. So I love the breakdown that Crypto currently gave because he highlighted over the past two years the correlation between gold and bitcoin and when gold pump and cool down, bitcoin ran and vice versa.
So that correlation. This is the data now, No feelings, are emotions, no bias here, This is just the data. Go line up the charts yourself on Trading View and you see they each have their turn. Right. I've often said every asset has its day in the sun here and there's rotation of liquidity. How many times have we talked about that? So I believe with gold making its move here and it's showing there's still life in this macro bull market that I believe it's going to cool
down and then crypto and stocks are going to run again. Guys. That has a strong possibility of playing out because of how we've seen it run over the past couple of years. So this is something a lot of people are sharing. And look, it can't be the only factor again, because some people only show this and say, see, bull market's not over. But no, tell me what's happening on the bitcoin multi chart. Tell me what's happening with the RSI.
Tell me what the whales are doing when on chain data right, Tell me about bitcoin dominance, USDT dominance, like all the things I just shared with you. Tell me what's happening with sentiment. So this is why we need to look at multiple factors and not to mention. The FED, as we've been highlighting, is on the path to ramp down QT, which means QE is going to return and they're cutting rates. So all of these macro factors are bullish for the markets. It's just in the short term
now it's very volatile and painful. Look, I get it, my bags are down to guys, right, but I hope you know me by now. I try to remain even keel and level headed and look at the data. And as I was telling you guys earlier this year in the tariff crash, the data is just screaming to me it's not over. Now. Could everything I say here be invalidated by another black swan event? Of course, of course, guys.
And you know, like I said at the beginning, if Bitcoin continues breaking down and it doesn't recover to the two hundred day moving average, that's bear market city. We're on that train to bear market City. But it hasn't done yet yet, right, And these signals are saying over bought, so it can't keep going down. There's going to be a floor, if you know what I mean. So this is where guys, we have to be smart and look
at the data and be patient as well. And I think global liquidity and what gold is doing and what the normy retail people are doing with gold is a positive sign for the rest of the markets. Now, folks, this episode is brought to you by Treasure. Treasure makes beautiful hardware wallets that make it easy for you to self custody your assets safely. I'm a big believer in self custody. You all know that I've been using hardware wallets for years and I personally use the Treasure say five.
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¶ MrBeast Crypto Trademark filing
look at this news. Richest YouTube star mister Beasts is firm files for a trademark with crypto ambitions. So we know mister Beasts the largest YouTuber. I watch his content. He does some pretty cool stuff and it looks like he's going to dabble in Web three and it makes sense, right, we see the direction to puck his heading in everybody's going to integrate blockchain in one form of the other. So let me give it to details Beast holdings tied
to YouTube personality. Mister Beast has filed a trademark application for mister Beasts Financial with Crypto linked services. The application includes language related to crypto and Web three, such as managing financial services, downloadable software and SaaS tools for managing crypto related functionality. The move hints at a potential push into fintech and Web three, possible targeting mister Bees's massive audience and could serve as a crypto on rep or exchange.
Some more details here is that the application includes services like cryptocurrency payment processing, crypto exchange, and trading through a decentralized exchange also known as a dex. So this would be a smart move for mister Bees if he creates some sort of app where he's able to offer a token or NFTs but also allow people to buy crypto. Right now, we'll have to see all the details, right, don't trust We get to verify, right, We've got to make sure that this is going to be built well
and with security in mind, and much more. But if this is what he's doing, he's going to bring in millions, potentially billions of people into Web three guys. And it doesn't necessarily have to be folks buying crypto, but even if they're using NFTs or they're using blockchain in different ways with rewards, tokens and things like that, that is something that's going to bring more people on chain, get them more comfortable with using crypto related wallets, understanding blockchain
and cryptography and tokenization, and much more. So on. Social media users are speculating mister Bees could be planning a cryptocurrency exchange or crypto linked neo bank. I think it's more of the latter. It's like more of a neo bank.
I don't think he's gonna go straight up this is my crypto app, but you know it's gonna be tied into his YouTube channel and brand where you can probably buy his merchandise, his chocolates and things that he makes, but also do cool things where we'll with rewards and we'll see who he partners with. I don't believe he's gonna be building this some scratch. It makes sense if he partners with an existing infrastructure, right, like a coinbase or like a PayPal or something, right, a company that
has these things already in place. So let's see this. Whoever gets the partnership, I mean it's gonna be huge, and mister Bees's brand is huge, guys. I mean, I don't think I need to tell you all about that. If you don't know who mister Bass, then you have been sleeping under a rock or something. But this would be a massive on ramp. So very bullish news here.
¶ NewsMax Bitcoin and Trump Coin treasury
Now look at this news and this may be a bit controversial because it touches a bit of politics and media, but I'm here to report the news, so don't shoot the messengers. Newsmax stock ticks higher amid plans to establish a five million dollar crypto treasury with Trump token and bitcoin. Now, I'm okay with bitcoin, right and the other assets e theorem ICs repy the Trump token. I don't like that.
I've told you guys from day one, no president, Democrat, Republican, independent should have a token, should have a meme coin. So I'm not a believer in that. But I do appreciate Trump being procrypto obviously, but I don't like that token. But look, the treasury move continues, more companies buying and putting assets on their balance sheet. Guys, this is bullish, and again, as I said in yesterday's podcast, regardless of if you like these companies or not, that doesn't matter.
What matters. They're buying the assets you're holding, creating a more of a supplying demand economic shock, and they're putting the news out in the public, so pumping you know, the token and things like that. So let's ride the wave that. I'm okay, you guys, keep buying but you know, one of the things I said, I don't know how many of these companies survive the bear market. So this is why we want to make sure we take into profits as we head to that blow off top folks.
And speaking of folks that are bullish, Charles Schwab CEO
¶ Charles Schwab Crypto
Rick Worster remains bullish on crypto exchange traded products talking about ETFs, stating that the asset manager's clients own twenty percent of all crypto ETPs in the country. Crypto ETPs have been very active, he said on CNBC on Friday, noting that visits to the company's crypto site have gone up ninety percent in the past year. Of course, so all of Wall Street is capitulating, bending the knee, even Vanguard. Remember the guys who were trashing crypto and eat yes
and so forth. Now, oh yeah, we're gonna listen, We're gonna add it. Right, they all got to bend to the folks. So Schwab currently offers crypto et aps and bitcoin futures and plans to offer crypto spot trading to its clients in twenty twenty six. So this will be a huge on wrap guys. And guess what all Wall Street's gonna do this, right, We've seen it with other asset classes. It's not a matter of if, it's just
a matter of when, and they're gonna. I think many of them are waiting for, like the Clarity Act to pass, the Market Structure Bill to do more. That's from what I've heard from interviewing people and even off the record conversations. Obviously I can't tell you who, but you know, from
very credible folks, and they're just waiting. They they're like, hey, look, we're doing some research, you know, testing the waters, you know, internally, but we can't put out certain things yet because you know, our legal team is saying, wait, wait for legislation, because until it's a matter of principle, until it's in stone that has been passed into law by Congress and not let's say, an executive order by President Trump, because if it's just an executive order and a new president in
four years or whatever can reverse that. But if Congress passes it, it's a done deal, baby, right. So they that's what they're waiting for. And it's amazing to see what is happening and who's getting involved. Now. Final news
¶ Robinhood Tokenization Aribtrum
item here, Robin hood tokenizes nearly five hundred US stocks ETFs on Arbitram for EU users. Now, many of you may recall my interview with Vlad Tenev from earlier this year in August actually, and we talked a bit about this. If you haven't seen that interview, check it out, folks. And you know, they chose Arbitram, the ethereum layer two to tokenize, and they're all on board. They see what's coming, and they're trying to beat a lot of the other
Wall Street firms, and they're doing it globally. So Robinhoods has expanded its tokenization initiative on the Arbitram blockchain, deploying eighty new stock tokens in the past few days and bringing the total number of tokenized assets close to five hundred. According to the data from Doune Analytics, robin Head has tokenized four hundred and ninety three assets with a total
value exceeding eight point five million dollars. Cumulative mint volume has surpassed nineteen point three million, offset by around eleven point five million in burning activity, signaling a growing but actively traded market. So guys, I mean, we know this is just going to continue to expand and they're not the only one we know kracking. Even Galaxy Wee Bowl and a whole bunch of other folks are looking to do the same. And again they're doing this globally, right,
So it's this is a tokenization race. It's amazing to watch all this play out. And like I said, you want to look at the blockchains that are being used, so arbitrump, you may want to get grabbed the arb token. Not financial advice, do your research now. Personally, I'm not because i believe at this stage in the market, I'm not buying I will be buying in the bear market. So maybe I'll look at arbitraum. I'll let you guys know, right,
we'll see what else is happening on arbitrum. And if robinhood is just using arbitrum as a testing ground, but they decide to build their own layer to any theorem or whatever else. Right, So these are the things we have to consider, and you know, do our due diligence, right, So we don't just fomo in because of a headline, but we have to take the time to do the research. And you know, I always share with you guys the different factors I'm looking at when I'm investing in a
blockchain or a token. So I hope you understand what I'm saying here, and now we'll continue this journey, folks. Ari folks. If you appreciated the content, please please subscribe to my email newsletter. It is one hundred percent free. Link will be in the description. And check out my book on Amazon's available in paperback in digital, and my course at Mycrypto course dot com. This is a comprehensive course that teaches you everything about crypto, so once again,
go to Mycrypto course dot com. Folks, thank you so much for watching and listening. I appreciate you all in I'll talk to you all later. M mm hmmmm
