I've got huge news for you guys. Donald Trump has named a new candidate who is very pro crypto that could replace Gary Genzer, who is about to resign very soon. I'll share the details of who this person is. And Blackrocks Bitcoin ETF options trading went live today with some really good numbers. I'll break that down for you guys, and Michael Saylor will be talking to Rumble and Microsoft
about adding bitcoin to their balance sheet. Let's get into it. 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 at 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. Today bitcoin touch ninety four thousand dollars, hitting a new all time high, but of course nothing to call home about, because the previous all time high, which it hit about a week ago, was just over ninety three thousand dollars. However, what we saw this pump was a bit of a fake out. It moved up and then all of a sudden pulled back significantly. Right now, Bitcoin trading just over
ninety one thousand dollars. Now, what we could see here, guys, is a further breakdown that this consolidation is not over, and that's not a guarantee, but you can't rule it out right. We're talking probabilities here, So we could see a pullback to the eighty thousands, which would build support levels before we move up to one hundred k. That would be very healthy and normal. So expect these things, guys, They're very important. Markets don't move up in a straight line.
One of the things I shared with you guys yesterday was that two billion in USDT was minted over the weekend, so was two hundred million USDC. Well, Tether minted another billion today. You know, I always tell you guys to pay attention to this type of stuff because it means more liquidity is on the way. So let bigcoin consolidate, let the all coins consolidate as well, and the liquidity
will start flowing back into the market again. And we know where asset prices are going to go, right, guys, rinse and repeat until the blow off top, and then we have to make sure we take profits. Of course, so be patient. A big part of investing is being patient and pay attention to the charts, stay tuned with the news and everything that's happening. That's why you're subscribed to this channel in podcasts. So we're seeing somebod these all coins cool down a bit once again. Very healthy.
If you look at like dosee coin, XRP eight and so forth on their RSI daily RSI, it's super overbought, right, So you need the cool down and expect some pullbacks to build support levels. Now, guys, big news coming out of the Trump camp. So Donald Trump is said to be considering crypto lawyer Teressa Goodie Goulin. If I'm saying that right to lead as SEC chair. Now you may say, who is this person? So she is a crypto lawyer. Her Twitter profile says partner slash lawyer at Baker Hostaitler.
If I'm saying that right, I probably butcher Dad. But the TLDR here is he's very pro crypto. She tweeted out the following on November thirteenth, US crypto and capital markets will thrive under President Trump. The public has loudly and clearly spoken current government has a responsibility to serve the will of the people, government of the people, buy the people for the people. Abraham Lincoln. I like that.
I like that last part. We've often talked about how these government agencies have become rogue, they become too powerful and they don't even serve the people anymore. And we've talked about Genser. He's just doing the bidding of the tradify incumbents. Right, He's not here to serve you, but he's supposed to. Right, he's taking our tax dollars. But I love that she's saying this, and she could be appointed as SEC chair, a solid candidate in my opinion.
In fact, when you look at her tweet history, she actually retweeted Stuart Aldaradi of Ripple when he tweeted out the following. In Ginser's first three years as SEC chair, the agency has been sued for abusing its rulemaking powers more times than the SEC was sued in the prior ten plus years, spanning the tenure of three long serving chairs combined. So she retweeted that. So this sounds like she's not a fan of Gary Ginser, as many people are not guys even outside of Crypto that people don't
like Gainst her. He's a scumbag regulator, as I've been calling him for years now. One token project founder said she could be an instant change maker, so folks are positive on potentially having her as the SEC chair. Now. There are other candidates in the running, of course, possibly Brian Brooks. Possibly Dan Gallagher who's counselor at robin Hood but he formerly worked at the SEC. Hester purs is in the mix, but she said she doesn't really want the job. MARKI Wada could be one as well, but
we'll see. But the point is, as we've been talking about, most likely to pick is going to be pro crypto or someone who at least understands his technology and doesn't have a political agenda, right, guys, So things are looking very bright, gangsters. Resignation letters should be coming in very soon, and I think the market's going to rip on that news. Guys. It's going to be a fun day. We're gonna celebrate. I'm going to be live streaming the day that resignation
later comes in. We're going to have a party, guys. It's gonna be good times. But like I said, things are looking very bright. We're in a bull market. Many all coins are waking up following big coins lead gainsters are about to be out. We got the pro crypto president coming into office in January, along with the most pro crypto congress ever, so things are looking very good. Guys. Now, quick word from our sponsor, and that is v chain, which is one of the top layer one enterprise smart
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be in the description. Now, guys, Today Blackrocks Bitcoin ETF options trading went live and here the folks that Bloomberg highlighted that a one point nine billion dollars in exposure was traded and this is pretty great as far as day one. Eric Balachina says one point nine billion dollars is unheard of for day one he says, for context, Veto did three hundred and sixty three million dollars and that has been around for four years. And also this
is within twenty five thousand contract position limits. That said, one point nine billion dollars isn't quite big dog level as yet though for example, Gold did five billion dollars today, but give it a few more days and week. So it's going to ramp up, right, guys. But we know black Rock is gonna, you know, drive a lot of folks investing in trading with them, and this is going to bring a lot of liquidity and capital into the
crypto market guys. So really big news. And tomorrow, in fact, great skills bigcoin ETF options trading will be launched along with bitwise and some other folks. So the other players, the other ETF issuers are going to get their options as well. So I think this is going to be a big catalyst in what drives Bitcoin higher beyond one hundred thousand dollars and possibly two one hundred and forty
one hundred and fifty thousand dollars. So really big stuff. Now, speaking of Blackrock, Blackrocks Tokenization Fund BIDDLE, as many of you know, they have done some expansion, So blackrocks Biddle token first to go live and securitizes new platform for minting synthetic dollars while still earning r WA yield. So our WA stands for real world assets. So Securitize has introduced a new way to gain liquidity from real world
assets while still earning yield, called S token. The token architecture, which uses the ERC four six two six standard, was built in collaboration with makers of the d US the Synthetic Dollar Elixir. Black Rock's Biddle token will be the first token issued by securitized to be part of this d USD RWA institutional program, while other assets plan to be introduced later. So, folks, a couple of takeaways here. Remember Blackrock launched on etherorem so if you are an
e token holder, this is great news. Second, they continue to expand their services in the tokenization market clearly, and they're looking at generating yield, so they are ramping up as you can clearly see. And earlier this year was announced that you know, the fund the token ie fun crossed over five hundred million dollars. So I hope you see the direction this is heading. Guys, they're not slowing down.
This thing is here to stay. And as Larry Fink said, I think earlier this year, tokenization is the future of finance. They're going to put everything on the blockchain. We've talked about it. A truly global market, twenty four to seven trading, no holidays, opening or closing, bell, no wekends and all that stuff, and a truly truly global market that can trade twenty four to seven guys, So incredible stuff. Now
check this out. Michael Saylor was in a Twitter spaces today and he said he will be speaking to the folks at Microsoft their board actually next month about buying bitcoin for their treasury. So we know Salor has done these Bitcoin for corporations initiatives and conferences, and we heard just about a month ago that there was a proposal to the Microsoft board about buying bitcoin, but it has to be voted on, guys. I think this is going to happen. It's just a matter of when. It's not
a matter of if. All companies are going to do this. As the currency debasement continues globally and here in the United States, of course, they continue to print more money and we notice system this is the fiance system. So this is why you need a hedge. This is why you need assets like crypto to outpace the debasement and inflation because they are eating away at your purchasing power
and not many people reckon that. And you may say, well, I can invest in the stock market or real estate, yes, but they don't move as fast as bitcoin and crypto. So this is why I put the majority of my bets in the crypto market, because it moves faster than the basement and gives you higher returns. So pretty amazing. Sailor also replied to Rumble's CEO on Twitter saying that he would like to discuss about adding bitcoin to the
balance sheet. So this is crazy what's happening here. But a lot of companies are going to do this, guys and Rumble. You know, as a smaller company, it makes sense. And Sailor has the credibility, he has the track record of having success with this, so it's going to be a pretty easy pitch. And there have been some updated accounting rules from the government. I think it's fast be which makes it easier for companies to add bitcoin to their balance sheet. So things are aligning. Plus you got
the narrative of the Bitcoin Strategic Reserve. We know states are introducing bills like that one on the federal level obviously, so I don't know if that's going to happen to cycle. If it does, it will be amazing. But you know a lot of people are going to try to front run the United States, especially on the federal level. States may try to front run the federal level and other
countries as well. So things are moving in the right direction. Guys, very bullish, All right, folks, let me know what you think. Leave your thoughts and comments below hit the thumbs up button. Guys. A great way you can support me in the podcast if you appreciate the content. It's one hundred percent free. Of course, please subscribe to my free email news that are on Substack. It's one hundred percent free. Link will be in a description. Also, grab a copy of my book,
Rethinking Crypto. It's available in Amazon and paperback in digital. Buy a copy for yourself, buy a few copies for your friends and family who want to learn crypto. Give it as a gift this holiday. It would make a great gift. And if you bought a copy ready, please leave a rating and review on Amazon it will really help out my rankings. Thank you guys so much. I appreciate you all, and I'll talk to you all later. Book Pok Pok, Pok pok