🚨SEC RUINS RIPPLE XRP BRAD GARLINGHOUSE 60 MINUTES INTERVIEW!? AMAZON BITCOIN RESERVE!

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 reading and review. Folks, Let's start by looking at the price of bitcoin, because bitcoin had a very bullish weekly close. Right now, it's sitting below one hundred thousand.

It's been chopping between ninety nine and one hundred and one thousand dollars. That's normal and healthy consolidation. Now I've been saying bitcoin could putent, actually roll over and go Test eighty eight or eighty thousand, so just be mentally prepared for that. That would be incredibly healthy and normal. It's things that have happened in the bull market, and if you zoom out on a chart, you see that type of pattern happened historically. But one thing is for sure,

we are headed to higher prices. And in fact, Bitcoin closed its highest ever daily candle and weekly close and it closed above one hundred and one thousand, but obviously has pulled back since then. Same thing with XRP. It is consolidating. It's currently at two dollars and forty nine cents, and it could also roll over and test some lows

like two dollars or whatever it may be. But blockchain Backer highlighted here that XRP had its second highest weekly closed in history and closes the weekly candle above the seven to two retrace of the twenty eighteen and twenty twenty four range. So we are seeing higher highs and higher lows and support levels being built and resistance being broken through. All healthy stuff. But once again, make sure

you are mentally prepared with the pullbacks. I've been in bull markets where we've seen thirty to forty percent pullbacks and it can be stomach churning, especially if you're new to the market. For me, it's just business as usual because I've gone through the meat grinder and I've gained the experience. I've been able to learn the market cycles, the charts, and what metrics to look at to see if this is the end of the story or the music stops here or it continues. So right now we

are still in the midst of the bullmarket. Things are heating up, but expect pullbacks and corrections guys. That will be very healthy. And as far as the next price target, analyst Mmcrypto who his name is Chris, Actually he was on my podcast a couple months ago, he tweeted out his next target for xrps three dollars and five cents.

So let's see what happens, guys. And in the total all point market cap, it's weekly closed above four hundred and twenty five billion dollars for the first time since November twenty twenty one, so of course that was the peak. November twenty twenty one was the peak of the bullmark for that last cycle. So you can see we still have to make new highs. Right, we haven't even broken through the new highs. So we are in the phase

of catching up to the previous all time highs. Then once we break through, we enter into price discovery, and that's what we want to see for XRP. It happened for Bigcoin already Bigcoin already in price discovery once it broke that all all time high. So, guys, things are looking bullish, but once again having the back of your mind that corrections and pullbacks will happen on the way up. Now, I'm not sure how many of you caught these sixty

minutes interview with Ripple CEO Brad garling House. It's online. I took a look at it, and overall it was good. It gave a lot of exposure to the crypto industry, XRP and Ripple A major win is for example, they show that XRP rally three hundred percent and it's up and so forth. And they also talked about how crypto was impacting the elections and all the things that were happening. However, what a lot of people didn't know. They brought in

John Reid Stark, the Gary Genser Brownoser himself. This guy actually blocked me about a year ago because I started calling out his bullshit because he goes around echoing the nonsense talking points that Elizabeth Warren and Gary Ginster usually say, and that crypto has no utility, it's a scam and much more so, he went on there and said all these things, guys, and that was surprising. I didn't expect that. And he's a clown. So, like I said, he's a

Gary Against Brown noser. He also stated that all these things are securities and on and so on and so on. Right, so it's pretty much like a Gary Gainster carbon copy that was there and sixty minutes did a bad job of countering those things because they didn't even say a federal judge ruled that XRP intrinsically was not a security. How do you not highlight that? Right? And Brad, actually, I'll share a tweet with you, he said he did

mention that. And in addition, they did not highlight the losses the SEC took in court, such as the ETF being called arbitrary and capricious. They hid all those things that Gary against and the SEC met with Sam Bamfert freed and the FTX. So the fix is in here right to high those facts. Those are not like subjective statements. Those are hardcore facts. These are rulings on the court and much more. But sixty Minutes is going to try

to protect the government as much as possible. It's mainstream media, right, They're not going to highlight all these things that happened. That once again, Gary Against met with Sam bankmcfred and FTX officials multiple times and under their watch, Sam Bamfon Freed was doing all these things. So there you have it, right, the fix was in. But I think once again overall good. Brad garling House said he wants to comment on a

few things after watching the interview. He said, I spoke with Margaret Brennan sixty minutes for ninety plus minutes straight when discussing the SEC's misguided lawsuit against Ripple. Sixty Minutes shockingly left out the federal judge rule that XRPI is not a security against their shill, John Reed Stark knows better despite his comments that sixty Minutes chose to air lastly, to say crypto has no UT is exactly what the naysayers said about the Internet in its earliest days, that

it's not more than an illicit activity. How vastly they were proven wrong today even JP Morgan is coming around on blockchain. Conveniently, sixty minutes also failed to mention that Ripple is doing billions of dollars of kyc led transactions for our institutional customers, leveraging XRP to move money cross

border more efficiently than traditional payment rails. So once again a bit of a fix there, But overall, it's good visibility because the general population got to see kind of the full view of crypto and what crypto has been doing, and how Ripple's building as a company not looking to scam anybody, and things like that, because FTX was brought up and Brad was asked about FTX, but once again no mention of what Sam Beck mcfree was doing with a lot of the politicians and meeting with Gary Gens

and so forth. Right, big the cover up there and these are factual things. So there you have it, folks. Let me share what some other people are saying. Easy A, he's the co founder, he said this summer a federal judge will xrpa's not a security but sixty Minutes deliberately chose to leave this out of their interview with Brady

Garland House. We need more honest media surrounding Crypto attorney Fred Rispoli says have only watched clips on X but it seems likely that sixty minutes rippless segment was not well researched and or unfairly edited by the show's team. I mean, having John read Stark on did the show at least inform the audience. This guy is the biggest

homer for the SEC. You could get to Fred's right here, right, we know who John reads Stark is, and but you know they're going to try to cover up for the SEC and not have the SEC get to embarrass Now. The other day, I told you guys about Caroline Crenshaw, Democrat commissioner at the SEC, who is outright anti crypto, and she voted against the Bitcoin ETF approval even after the judge or the judge is ruled that the SEC acted arbitrary and capricious. So this person went against the

law and writing a letter of descent and much more. Well, I told you guys you should kick Rocks and I hope she doesn't get voted in, but even if she does, she's outnumbered. Coinbased CEO Brian Armstrong weighed in as well, saying Caroline Crenshaw was a failure as an SEC commissioner and should be voted out. She tried to block the big coin et apps and was worse than gainst her in some issues which I didn't think was possible. The Senate Banking Committee should take note. The crypto community is

watching this vote. I'm told it will be factored into the stand with crypto scorecards or politicians. I love it. We got to keep them accountable. Guys. All right, guys. Quick word from our sponsor, and that is a v chain, which is one of the top layer one enterprise blockchains that is powered by smart contracts and v chain is being used by many big brands and companies around the

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check this news out. Amazon shareholder, the National Center for Public Policy Research submits proposal for Amazon to adopt bitcoin as a treasure reserve asset. So, if you recall, the shareholders of Microsoft did the same thing about a month ago. Michael Saylor in fact, went and spoke to their respective board of Microsoft, and we'll see if they vote to get this done. I think the vote is this week. But guys, I tweeted out about this. This is the start of something big. This is not a fad. And

here's here are my reasons. Number one, Blackrock has given the market the green light for bitcoin, and they are financializing bitcoin for tradfi, just as they have for other commodities and movements like ESG. Remember when Blackrock went all in on ESG and all that stuff and noticed the pressure it put on the rest of Wall Street and companies. They're going to do the same thing with bitcoin. We

know Blackrock is connected to the government. They did a lot of stuff in two thousand and eight, even in twenty twenty with buying homes and much more. And Blackrock kind of sets the standard as the world's largest asset manager, right. I don't think I need to explain the dynamics there. So they've been accumulating bitcoin at a rapid pace, and essentially they're going to force everyone to participate in one

way or the other. Second, Michael Sailor and Micro Strategy have laid out the blueprint and shown the success of the raising debt and issuing bonds and all these things and how impactful that can be to their stock price. So that is going to be very appealing to many

of these companies who are publicly traded. Of course, Number three, the global race for bitcoin as a strategic reserve kicked off by the United States being headed up by senators and the Alummis and of course Donald Trump endorsing it. So I think you see where we're headed, guys. Right, It's not a matter of if, it's a matter of when.

And I think eventually all these companies are going to capitulate, and it takes some of these big dominoes to fall, and the rest of Wall Street and corporate America is going to follow, guys. Because if you watch what black Rock is doing, the non stop buying, they're going to pass to Toshi's holdings. They've been moving some of their bitcoin ETFs into their other funds, so it's actually bolstering those other funds. I mean the writings on the wall here, guys.

So that's why I think this is going to happen sooner than later. And you were seeing ETFs for bitcoin and ethereum and other assets being launched globally. And let's see what happens next year with the Bitcoin Strategic reserve. It could simply be that the United States just holds on to the bitcoin they have already about two hundred plus thousand, and you know that becomes their treasure reserve,

and maybe they add over time. But the adding over time might be a hard sell because it has to go through Congress, of course, But just simply keeping what they have is an easy, easy thing. So very interesting times that we live in, folks. This is why I'm bullish on this acid class. This is why there's going to be some bigcoin. I'm never selling. Yes, I'll be taking some profits this cycle, of course, buying the bloody bear market again as we head into twenty twenty seven

and so on and so forth. But I'm preparing for the next bull market cycle as well, guys, to squeeze as much profit out of this acid class. Guys, so let me know what you think. Leave your thoughts and comments below. Guys, A great way you can support me is by subscribing to my free email Loser. It's one hundred percent free on substack, and grab a copy of my book, Rethinking Crypto. It's available on Amazon and paperback

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It will really help me out. Thank you, guys. I appreciate you all, and I'll talk to you all later