PREPARE FOR ALTCOINS TO RALLY AS BITCOIN PULLSBACK! AMAZON AI AGENT STABLECOIN WALLET! - podcast episode cover

PREPARE FOR ALTCOINS TO RALLY AS BITCOIN PULLSBACK! AMAZON AI AGENT STABLECOIN WALLET!

May 08, 202616 min
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Episode description

Crypto News: Bitcoin cools down and Altcoins look ready to rally. Amazon’s new AI wallet: AWS, Coinbase, and Stripe build payment rails for bots. Wall Street firms are now hiring for dozens of Bitcoin and crypto jobs.
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⏰ Time Stamps ⏰
00:00 Intro
00:23 Bitcoin & Altcoin analysis 
03:07 Coinbase buys Bitcoin
03:32 Senator Alsobrooks Clarity Act to pass
05:33 Wall Street Crypto jobs
06:35 Canton Network ETF
07:11 Kraken Stablecoin payment acquisition
08:40 Kalshi $1 Billion raise
09:33 Amazon AI Wallet
12:40 Michael Saylor sell Bitcoin 
=================================================
#Altcoins #Bitcoin #Crypto #CryptoNews #Cryptocurrency #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #NFTs #Tokenization #Podcast #ThinkingCrypto ================================================= 
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
Disclaimer - The Thinking Crypto podcast and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice. Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

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Transcript

Intro

Speaker 1

Hey, everyone, 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 let that subscribe button as well as the film's up button and leave a common blow. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Okay, folks,

Bitcoin & Altcoin analysis

let's take a look at the Bitcoin chart right now. Bitcoin and seeing a pullback. But this should come as no surprise. We've been talking about it. Bitcoin was approaching that overbought zone and I told you justin yesterday's podcast we can expect a pullback. So this is very healthy. Markets don't go up in a straight line. The mac D is still in control of the bulls, so we have to keep monitoring this. You know, this could be the top of the relief rally for bitcoin, or it

could go higher. I know that is something people don't want to hear. They want to hear the definitive top exact price. But I don't have a crystal ball. But I'm going to share the metrics with you exactly what I'm looking at and how I'm approaching the market. So let's see how things play out into tomorrow, the weekend

as well as next week. You know, Bitcoin could have a bit of a pullback then continue higher because there is a CME gap at around eighty four thousand dollars and it could overshoot and go to the yearly open of around eighty seven. Some people are saying potentially hit ninety k or higher. Right, So let's see how this all plays out a bit. Of course, it doesn't go up in a straight line. But what I'm excited for

is the move for all coins. You know, we talked about in yesterday's podcast that all coins will catch up the bigcoins rally. They will have their own relief rally, so to speak. And if we look at total three, we're seeing a bit of a breakout here, even though it's very small. The bulls are in control part of mac D and the RSI is cooling off in the

daily chart here, so there's still room to run. Bitcoin dominance is starting to break down, So again we're looking at multiple metrics to validate our thesis, and bitcoin dominance is breaking down. That's a very good sign. And of course USDT dominance has been breaking down since Bitcoin's move, so as this keeps breaking down, that liquidity will start making its way back into Bitcoin and of course all coins.

So this all looks very good again. I just believe this is a really friendly I don't believe this is a move to new all time highs. If it is, I will gladly be wrong. Obviously, none of this is guaranteed. We're talking probabilities here. So the Ballinger band indicator, used to assess both volatility and momentum, recently saw the narrowest gap between its constituent trend lines ever recorded for bitcoin.

This led to predictions of a breakout move, with the direction open to debate, as well as heightened volatility to come. So John Bollinger said that one of his investment funds proprietary trading models had flipped positive on bitcoin and had taken a position accordingly. So doesn't guarantee anything, but this is a very good sign. We're seeing some very positive momentum here, and Bitcoin could certainly go a bit higher before pulling back now. Coinbase has bought eighty eight million

Coinbase buys Bitcoin

dollars worth of bitcoin in Q one, twenty twenty six, so they recently did their earnings, which they didn't hit their earnings. They were down near three hundred and ninety something million dollars, but they did buy some bitcoin. So great to see these different firms continue to load up and buy. And you know it includes exchanges, digital ACCID, treasury companies, ETFs and much more. Now. Senator Angela also

Senator Alsobrooks Clarity Act to pass

Brookes says we have resolved the yield issue holding back the bitcoin and crypto market structure legislation from passing. She says, I think it can pass. I really do. So if you call her and Senator Tom Tillis worked out that stable coin, ye'll compromise. Even though the banks are trying to you know, take advantage and push as much as they can. Her and Senator Tillis are holding strong. So we are expecting the markup of the Clarity actors start

next week if I'm not mistaken. That was the latest update, and things should move start moving pretty good. So let's hope this compromise holes and there's no more setbacks from

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links would be in the description. Now, Bloomberg is highlighting

Wall Street Crypto jobs

something we've been talking about for months. Now. Wall Street firms are hiring for dozens of bitcoin and crypto jobs. For example, JP Morgan is looking for a senior lead software engineer digital assets team and the salaries are pretty nice one hundred and seventy one thousand to two hundred and sixty thousand dollars range. Morgan Stanley looking for financial crimes digital Asset transformation lead. You know they just launched crypto trading with each yesterday. Black Rock looking for a

director of Digital Assets. So all these major firms that is more by the way, are building out their teams, building out their services. So this is why I'm so bullish. Guys. We're so early, they're still building right, So we just got to have the long term view. Get through the volatility and the bear market and bull market will return and we're going to see higher prices and new all time highs, especially with the Clarity Act passing. But these

firms are not holding back. They're trying to get as much challenge in place and build out their business. Now

Canton Network ETF

twenty one Shares is launching the first Canton network ETF in the US. So this is pretty big Canton network, fairly new. I was telling you guys about this since last year. I am a holder of the TOGN I believe this is going to be one of the big blockchains that's going to be a winner. Not guaranteed, of course. They have privacy built into their natively into their blockchain, which is public, and it's backed by the likes of Citadel, Goldman, Sachs, a lot of Wall Street firms. So they're doing a

lot of big things here. So this is a blockchain you should check out, and it's great to see that an ETF is coming now. Kraken continues to do some

Kraken Stablecoin payment acquisition

amazing acquisitions. So they are going to buy stable coin payments firm REAP in a six hundred million dollars deal. Kracken owner Payward will acquire Hong Kong based REEP Technologies as the crypto exchange expands as stable coin and payments infrastructure business in Asia. Now we've been talking about crack and making these acquisitions, doing a lot to get ready to go public. Right they're going to do an IPO.

They're probably waiting for much more favorable market conditions. But a huge acquisition here, and they're doing so much, they certainly want to compete with coinbase and the others. So REP, founded by former Stripe Asia Pacific lead Darren Goo and X investment banker Kevin Kang, provides cross border business payments in infrastructure that links traditional finance with digital assets, with

a focus on stable coin powered settlement. The REP deal follows paywards up to five hundred and fifty million dollar acquisition of US derivatives platform Bitnomial and comes as crack and Co. CEO our June Sethi says the company is about eighty percent ready for an IPO and is targeting rapid expansion in both Asia and the United States. So this is going to be a big IPO, and this may be a company I will invest in, not at the IPO because we know there's usually that pump and

all the insiders and all these guys exit. You wait for the price to crash, the stock to crash, right, then you take a position. Now look at this. Kolshee

Kalshi $1 Billion raise

confirms one billion dollar raise, that twenty two billion dollar valuation amid prediction market boom, so similar to polymarket they're getting tons of capital here. The prediction market boom is happening. And you know, the prediction markets use blockchain technology, guys, so another avenue where you have utility right around blockchain, so incredible valuations and capital coming in. You know, I don't personally use these prediction markets. Some of you may do,

but you know there's something interesting. I might participate, but right now I'd rather put my money towards assets that will grow and appreciate over time. But you know, I'll let you guys know if I do, you know, create my own prediction market type setup and whatever, you know, where you guys can all participate as well. Okay, look

Amazon AI Wallet

at this news. Amazon's new AI wallet aws, Coinbase and Stripe build payment rails for bots. So Amazon Web Services has launched Amazon Bedrock Agent core Payments, a new infrastructure that lets autonomous AI agents make real time online purchases using stable coins, in partnership with Coinbase and Stripe. So big players, big tech giants getting involved here. And you know we've been talking a lot about it. AI agents

are not going to use cash or venmo. They're going to use stable coins and they're going to run on blockchain rails as well. So notice the connections here to coinbase and scripe to enable stable coins. Right, So, the first version focuses on stable coin micro payments for APIs, data feeds and paywold content, with plans to expand to larger transactions such as hotel bookings, travel reservations, and merchant payments, built on coinbas'es x four h two protocol and stripes

Privy wallet. The system is part of a broader push to enable an agentic economy in which AI agents act as independent economic actors for users, with early testing from companies like Warner Brothers and Discovery. So, guys, imagine you have your AI agent goes out and books your flights, your hotels for you, and it can make the payments with stable coins, so that can save you time. Right,

it can go out and get you the information. You take a look at it, and you you must say, okay, book this hotel, book this flight, get me this seat, and it goes out and does it. That's where we're headed to, right, where these agents can do these things, and of course they have to have their wallets, and of course stable coins are going to have to be the method used for instant settlement and verification. So the future is going to be pretty wild, guys, with humanoid

robots AI agents. But you know, while there is maybe, let's say a bit of a dystopian aspect to some of this, I think there's also positives where it's going to free up people to be able to be human in a sense of going out and doing what they love, spending more time in nature, spending more time with people. Because if you look at the direction technology has taken us right all online, We're all on our phones, we're

constantly scrolling all these things. Well, if you have these AI agents that can go do these things, it can free you up to give you the time to maybe go read a book again, go for a walk, go ext These are things I'm hoping that we can get to because you will have to spend that time doing a lot of these things, the AI agents can take care of it, and hopefully human beings and I know I have that goal, and I have that goal for my daughter as well, to then go out and do

things that connect you with nature and can give you fulfillment and so forth. Right, So, again, there's pros and cons to everything, and hopefully the pros is what I just you know, mentioned, But this is very interesting, guys. If Amazon's getting involved, you know how big this economy is going to be, and get ready for Google and Microsoft and the others to jump in as well. So very very interesting. Now, guys, I want to give you

Michael Saylor sell Bitcoin

a quick update on Michael Saylor. You know, we talked about it in a couple of podcasts ago about him all of a sudden flipping to wanting to sell bitcoin right, and he's starting to change his propaganda tweets because he's had these ridiculous tweets, you know, sell your kidney to buy bitcoin, mortgage yours. And I've been very critical of that over the years. Not that he's buying big coin. No, he started out really good buying bitcoin and I thought

that was very good. But then he started getting greedy right and leveraging up like crazy, And this is what worries me. I've talked about it for years, the amount of leverage. We've seen this in trad fi and we've seen it doesn't end well. So I'm hoping there's no major collapse because I actually don't want that to happen. It'll be really bad for a bitcoin in the crypto market, it'll be a black stain, and I hope that doesn't happen.

But now he's talking about selling his bitcoin. And you know, for years he was yelling at people, don't you don't sell your bitcoin and all kinds of craps. So you know, was he lying, was he just you know, trying to get you to hold a bag while you know he's trying to prop up micro strategies stock price right. So this is where guys always do your own research and be sure you're not following anyone religiously. You think for yourself. You have critical thinking because you literally go to the

common section. You know, I posted some things, criticize some of these things, and you have these people, Oh dare you talk about Salor? Right, It's like they're worshiping demand don't worship people. Don't worship politicians, guys, And it's pretty ridiculous. It's like a cult, right, which is ridiculous. So Sailor lost the narrative, and he's talking about selling bigcoin. And after years and years of being a jerk about oh,

don't you ever sell your bitcoin? And I've always told you, guys, do what's best for you financially, right, if you need to take profits to go buy a house or pay off some debt, do what you gotta do. Obviously, again, I don't know your financial situation, but do what's best for you. And don't listen to these guys who tell you never to sell and all that right, because they Sailor was already a multi millionaire before he got into bitcoin and crypto, and he's trying to tell you not

to sell. And many of us are not multimillionaires, right, So just a little bit of perspective there, keeping you know, make sure you look at all angles. But it's ridiculous now he's saying that is tweet today was buy more bitcoin than you sell. So big change in the propaganda he's been putting out. Anyway, Guys, that's the news. Let me know what to think. Leave your thoughts and comments below.

Hit the thumbsup button. Subscribe if you haven't as yet, and be sure to support the podcast by subscribing to my free email newsletter. It's one hundred percent free on substack. 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. I

have a course at mycryptocourse dot com. Knowledge is power. Guys, get a full understanding about this market and what's happening, and it features expert commentary which no other course offers. And folks, right now, we have a big sale going on. It's a bear market discount. Use the code bear at check out and get fifty percent off the price of the course. So again Bear B E A R. So check it out. Go to mycryptocurse dot com. All the links will be in the description. Folks, thank you so

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

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