🚨 TRUMP WILL PUMP CRYPTO & KAMALA HARRIS WILL CRASH IT?!

I'm your host, Tony Edward. On your way in to please hit that subscribe button as well as a thumbs up button and leave a common below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks. Quick updates around bitcoin. We got the price over fifty seven thousand

dollars right now at the time we're recording. As mentioned in yesterday's podcast and in my email newsletter today, we need bitcoin to break through this sixty kre resistance level and build support so it can keep going upwards. Right. It's not going to pump to eighty k tomorrow. That's not what I'm saying, but it's going to stare step its way out of this consolidation zone. So this is a good sign. We'll have to wait and see how

things play out. There are no certainties here, just probabilities, and I'm hoping that as the month progresses, it starts to climb out of as consolidations. I'm not expecting any major pumps or so forth. That would be nice if that happens, but we know September is a bloody month for market, so let's keep an eye on that. One of the key factors that is driving the asset prices to rise, which includes stocks, cryptos, and so forth, is global liquidity, which I've been sharing with you guys for

a long time. I historically thought it was the bitcoin having, but based on data and research and what some macro investors are looking at, I've learned that it is actually the money supply because every four years you have the election cycle and that coincides with the global liquidity rise because politicians like to print money and make the markets look good, let the economy look good when the election comes around. Funny how those two things work together right now.

Don't get me wrong. The bitcoin having does play a factor, but not as big as global liquidity. And what we're seeing is that global liquidity is breaking out. It continues to increase. And here one user and great analyst Thomas shared the following chart showing that breakout, saying global liquidity is moving up. Global monetary liquidity is growing at an annualized rate of more than six percent, the fastest annual growth rates since April twenty twenty two. The year of

a year percent has changed. Chart is continuing to follow the four year cycle. The last time this chart printed a reading of six percent plus with an upwards trajectory was April twenty twenty and we know what happened after that, right, folks, So the same story, different cycle, and I've learned that this is a key metric I need to pay attention to when it comes to investing, whether it's investing in crypto or even just stocks, folks, right to see how

the liquidity is flowing. And this is happening globally, not just in the United States, but to speaking of globally, here we got news literally today from the Financial Times that Mario Draghi calls for an eight hundred billion euro EU investment to boost the economy. He's saying that this is to stop Europe from falling behind the US and China. Doesn't matter what narrative they put on top of it, they have to keep printing. This is the fiat currency system.

So these are one of the underlying principles you need to learn and have in the back of your mind as you're investing, whether it's in real estate or crypto or stocks. And obviously we talk crypto here specifically, and I do own some stocks, but it's important to understand

this factor, the denominator, the fiat currency. They keep debasing it, and you need to put some of your money in assets to outpace that debasement, to out pays the inflation so that you can continue to grow your wealth and protect your purchasing power, because if we just leave it under your mattress or in a normal checking or savings account, it's going to get demolished. It's purchasing power is going

to get demolished. Right. This is so important to understand what's driving asset prices, and it's really eye opening once you see it. You can unsee it once it's been revealed to you. So incredible what's taking place, and if you look at the Fed's website, the MPT money supply in the United States. Look at this chart. It is on its way up. It's climbing boys, and the money

printing will continue. Janet yelling, and the Treasury continues to inject liquidity, and the FED rate cuts are around the corner. So all of these things are going to drive crypto prices upwards in addition to stocks and so forth. That's one of the reasons why I'm bullish. I don't believe the bull market is over. And as I've been stating, with these rate cuts that are coming and the money printing that's going to happen, we're headed into the next

economic boom cycle. We're out of quantitative tightening, We're going back into QE. Now that doesn't mean there's not going to be crashes and corrections on the way. Obviously those things happen in markets. But when you zoom out on the chart and you look at the macro, we're in the next cycle going up. So cheaper capital is coming because of the raycuts. Now, interesting news coming out from Bernstein.

Bernstein predicts a bitcoin price of eighty to ninety thousand dollars if Trump wins the presidential election or thirty to forty thousand dollars if Harris is elected. Now, there's a bit of political gamesmanship happening here. I believe Bernstein they want Trump to win. I think many of these companies and people see that Trump's policies for businesses is much better than Kamala Harris. But with regards of who wins,

I don't think this is a factual statement. Necessarily, it's a bit of political gamesmanship as mentioned, because of what I just stated, global liquidity, money printing, ray cuts, and so bitcoin has risen under Democrat and Republican presidents and so forth. So this is not a very factual statement as it is more of a hypothetical. But Bitcoin's not

crashing the forty k Kamala Harris wins. Now, you may say Trump is better for crypto legislation and for crypto businesses, and that is for sure right because we see Trump has put out his policy and where he stands. We have not heard anything from Kamala Harris, and unfortunately with her and Biden, there's been an attack on crypto. So

you can argue that fact. But in regards to the price, right, it doesn't matter, guys, because at the end of the day, the main catalyst is money printing and global liquidity and that liquidity going into assets, right because Brighten is in control. He's a Democrat right now, right with Kamala Harris. What did bitcoin do at at the beginning of twenty twenty three to now? It has it ran up so the point that you know Bitcoin's going to go down to

their forty k Harris is elected, That is silly. But look, some political gamesmanship here. So interesting that they're saying is so. Analysts at Bernstein predict a wide divergence in outcomes for bitcoin depending on who wins the US presidential election. Donald Trump currently leads Kamala Harris fifty two to forty percent on the decentralized predictions platform poly market. So take this as a grain with a grain of salt, because this is why you need to be financially educated, because this

is a narrative. Now, once again, there's other reasons you may vote for Donald Trump versus Kamala Harris, and that's fine as long as they're factual. But this is not one of them, right, guys, I keep it real with you all. Now, speaking of Kamala Harris, some folks yesterday highlighted that there was no mention of her crypto policy on her new policy page on her campaign website. I think Kamala Harrison her campaign are dropping the ball here. Trump has the clear advantage. And when I say these

things people get triggered. I'm not saying go vote for Kamala Harris or I want Kamala Harris to support crypto so you can vote for her. That's not the point. As I've stated before, i want crypto off the election table. That's my point. Go vote for whoever you want based on other issues. But crypto needs to be bipartisan. That is how it's going to win in the United States. So if you have RFK Junior supporting crypto, Trump and Harris, it becomes a non election issue. That is what we need.

We don't need it to be a ballot issue. I know it is because of Elizabeth Warren. But if you have the top Democrat of Kamala Harris saying hey, I'm going to support crypto and so forth, then it's no longer a talking point and it can help rally the rest of the Democrats in the Congress to now work with the Republicans to get legislation through. That's the endgame for me. Now, you may say, Tony, but I'm still voting for Trump, and that's fine. I'm not here to

change your mind about that. My point once again is to get crypto off the election ballot so that the rest of the government can focus on it and get it going. Right now, it's one sided and that's unfortunate. But hopefully we can get this resolve and hopefully Kama Harris comes out with a policy. But I'm not banking on this, So don't get me wrong. I'm not putting money and this is She's going to do it. But

this is a major failure on our part. Now, interesting article came out today on the Hill and it was written by former Senator Pat Toomey, a Republican out of Pennsylvania. Many of you may have recalled he was a big crypto supporter. Here's the title of his article, Congress needs

to enact a clear framework for a sensible regulation of crypto. Well, he's absolutely right, and here Paul Garbolla Coinbase tweet out an excerpt of that, saying it takes a tortured interpretation of the nineteen thirty four securities Exchange Act and subsequent case law, including the Howard decision to conclude that it applies to most crypto tokens. Great statement there by Senator to me, and of course he's calling out the clown Gary Genser, right, scumbag regulator Gary Ginser, as I would

like to call him. Now. Those who are anti crypto are feeling it in the elections. We've seen it so far on Super Tuesday and in the primaries. And here we got a report that Crypto Superpack pours six hundred and sixty thousand dollars into Senate race as US election closes in. So let me give you the details here.

The Commonwealth Unity Fund, a political action committee primarily funded by contributors from the co founders of Gemini and Ripple Labs, has spent more than six hundred thousand dollars on the election of Republican candidate John Deeton in the United States Senate, according to the Federal Election Commission records filed on September sixth, Commonwealth spent roughly three hundred and thirty thousand dollars on media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts

US Senate race. The Super pac also spent the same amount on a media placement supporting Deeton, by marked one of the first significant expenditures from a crypto back super pack since Dton won the Republican nomination for the US Senate race on September three. Backed by crypto industry leaders including the Winklevoss Twins and Kraken co founder Jesse Powell, the Republican candidate seeks to unseed Warren, who has served

as Massachusetts Democratic Senator since twenty thirteen. Folks, big win for John Deeton, as I shared with you guys, and I'm hoping that he's able to unseat Elizabeth Warren, who's the leader of the anti crypto army. And now I saw someone tweeted out about she sent an email out panicking. She referenced the Winklevoss Twins and so forth that they're supporting John. So she's scrambling, and we need to get her out because she's the one that's been pulling the

puppet strings with gens. Her and her cronies are at the Treasury and they're in different places. And you know, she got Sharrod Brown, Brad Sherman and all these clowns with her but you messed with crypto, you go against crypto, you're going to lose. So we're seeing that trend. It continued to grow, and I think it will because the people who have been aligning themselves with Elizabeth Warren, the Warren Nights, are getting their asses kicked in the elections

so far. Now tomorrow we got a big congressional hearing, folks. It's the first ever on DeFi. I shared this with you guys yesterday with just a reminders. So this will be held in the House Financial Services Committee at ten am Eastern, So I'll try to see if I can tune into this and see if there are any major takeaways. But it's pretty significant that you have a hearing on DeFi. Times are changing cryptos everywhere now, It's become ubiquitous. They

can't ignore it, folks. It's in politics, trad fi, pop culture, and more incredible stuff happening now. Quick word from our sponsor, folks, and that is Gemini, which is one of the top crypto exchanges out there. I've been a user of Gemini for many years. I have a council with many different exchanges and I use them for backups and so forth. But Gemini has been one I've been using great products, folks.

They have an incredible exchange, fully functional, great app, they have staking services, they have a credit card that they offer, and they have a US backstable coin called Gemini Dollar. They also offer a great derivatives platform where you can trade Bitcoin and all the other top all coins. So Gemini is a full service exchange obviously headed up by the Winkle Bosswins who have been donating to John Deaton

and into the Crypto superpack. Now, if you sign up with Gemini and using my code thinking fifteen, the link will be in the description. You can get fifteen dollars in bitcoin when you trade one hundred dollars in bitcoins. So be sure to check out Gemini. It's a great platform. Now we've got big news that BBVA the bank incorporates the USDC stable coin into its crypto asset service in Switzerland.

Talk about adoption, folks. These banks are incorporating crypto many different ways, building with the blockchain tech, launching ETFs and doing a variety of things. The bank is expanding its cryptocurrency custody and trading services to include USD coin, a leading stable coin whose value is pegged to the US dollar.

This edition will enable bbva's institutional clients to speed up their trading operations by enabling them to transfer value more efficiently with blockchain and secure their stable coins into bbva's vault. For those of you who are listening who may be still sitting on the fence when it comes to crypt I don't know about this. I don't know if it's going anywhere. Look at this news. How can you be bearish? How can you be still on the fence after seeing

news like this? And this is just one example. I mean, all of Wall Street is here, you're tokenizing, they're launching ETFs, and there's many other banks and stock exchanges who are building with this tech. Just go research it. The news is not covered by CNN, it's not covered by Fox Business and all that. You know, they're focusing on other things. But this is what you want to see if you're interested in investing in this asset class, real world adoption

and from the biggest institutions in the world. Obviously, just last week we talked about master Card launching a cryptodebic card. So things are progressing and it's really exciting. And as someone who got in in the market. In twenty sixteen, we had nothing like this, no news like this. It was mostly fun, right. It was so hard to invest and hold back then because this was all taboo. There was the narrative it's a fad, it's a scam, and so forth. And now the biggest financial institutions in the

world are adopting and building with it. Moving ahead, guys, Japan's largest electricity company, Tokyo Electric Power, to use renewable energy to mine bitcoin. What incredible news. I've been talking about this for years that many of the energy companies globally they can adopt bitcoin in a way that they can create a new revenue stream and they can monetize excess energy in energy that would have been wasted. So

this is incredible. And imagine if you get at least ten percent or even twenty percent of the energy companies globally doing this, and this will be an incredible way for them to earn additional income that that would be huge for the adoption of bitcoin. I think this is a trend that's going to continue to grow, folks, as bonds are not doing well and different things, investments are

not doing well. That's why you see many pensions and endowments are now diversifying into bitcoin ets right, because the other traditional assets are not performing as well. Early in the podcast, I said bitcoin and cryptos the fastest horse in the race, as Paul Tutor Jones said, right, folks, So it's happening. I mean, it's incredible news. Now we've got some interesting newsome Tether here, which is a competitor to USDC stable coin. Tether addresses one hundred and two

million dollar agriculture investment. Land is crucial asset class. So Tether has quietly invested one hundred and two million dollars since July, buying nine point eight percent of the shares of at a Co grow from saying right, a Nasdaq listed agricultural giant which operates in South America. At a Coagro, Argentina's main producer of milk and rice, also produces sugar, cane and brazil and other crops across Argentina and Uruguay.

A Tether spokesperson said the investment in land and inherently scarce crucial acid class that provides long term yield, complements the company's prior investments in gold and bitcoin. So this is fascinating because they're using another hard asset, which is land, to back their tether or stable coin reserves. It's fascinating. It's I mean, on paper, it sounds really great. I

just don't know the dynamics of it. But interesting that they're doing this, and they may be ahead of the curve here and maybe a smart move, but we'll have to wait and see. But fascinating to say the least. All right, we've got news at ether dot fin to launch visa cash car on the Scroll network. The credit card from the Ether five will reward three percent cash back and let users borrow money against their crypto collateral.

So this is interesting. So Ether five, best known for its liquid restaking service, wants to change all that with a new blockchain based credit card, ether fi cash. It announced on Monday a plan to work with Scroll, a layer to network on etherorem to bring the credit card to the market. So this is interesting. A lot of companies building credit cards and on and off ramps, and I think it makes sense. Now you want to make

sure that it's legit. Right. Earlier I mentioned about the news about MasterCard launching their debit card and which is actually coming from yourself custodio wallet. So you want to make sure you go through the fine print and all the details with these platforms where you jump on them. Now, we got news here that on Ramper launches a crypto off ramp service with moon Pay, alchemy Pay, and others. So on Ramper is launching its crypto to Fiat solution

with partner including Moonpay and alchemy Pay. According to on Ramper, the new off ramp service will support forty six Fiat currencies and over five hundred cryptore currencies in two hundred countries. So that's pretty great guys. In order for this asset class to get a mass adoption bringing it to billions

of people, you need the on and off ramp. So I did need to be able to easily get on and off right whether they're investing and taking profits and all that stuff, or converting and all you know, to different stable coins and whatever it may be. So it's great that these companies are building the infrastructure globally. This is great news for the future adoption of the acid class. Now, Solana creator program Drip raises eight million dollars in seed round.

So Salana based NFT drop platform Drip has raised an eight million dollars seed round led by NFX Progression and Coin Based Ventures. The funds will be used to bring drips mobile app to market and expand the development of its creator tools. So obviously, as a creator myself, this is cool and and we need to build solutions in Web three for different segments of the economy, whether it's creators, businesses, both enterprises and small businesses for entertainment, music and all

these things. So really great to see that new solutions are recreated and these companies are getting money. And as I've stated many times, you get an idea, now's the time, folks, put your pitch deck together, go to those vcs and hedge funds, get your millions and start building. So certainly an opportunity here. Final news items snapshot x launches to enable gas free on chain voting via stark net. So snapshot x has launched today introducing a protocol that enables

gas free on chain voting for decentralized autonomous organizations. Let me give you some details here. So it is introducing a new Layer two based protocol that enables on chain voting without the associated gas fees for dows. This feature powered by stark Net's roll up technology aims to streamlined the voting process within blockchain projects by eliminating costs that

have traditionally hindered participation. Dallas have traditionally faced a choice between fast, centrally controlled off chain voting systems and on chain voting that, while adhering to blockchain's core principles, was often expensive and inefficient. Snapshot x seeks to address these issues by offering a cost effective on chain solution. So

that's great, guys. In order to get mass adoption, you can't have high fees, you can't have slow networks, and I know that is an issue that plagues some blockchains, not all. So an example be Ethereum. Obviously, the layer one not ideal for mass adoption. I think it's more ideal for enterprise adoption who care more about security versus speed and so forth. Don't get me wrong, I don't

think they want to be waiting days for transactions. But the point is, you know, if you're doing toganization like black Rocks tokenizing an Ethereum, they don't necessarily need a super fast transaction as if you're going to Starbucks buying a obviously, right, But the layer twos that are on ethereum. Of those I think are for the mass consumer adoption where once again you go to Starbucks, you're buying your coffee.

You need it fast, you need it very quick. And it's great to see that these solutions are coming in here for doos to make things fast and make it more efficient. So all great news for the continued growth and adoption of this technology which is going to drive higher prices more people that come on chain, right, Metcalps Law, I've often talked about that over the years. Metcalps Laws

study that network effects. More participants on the network, the more valuable it becomes, the more stronger it becomes as well. So let me know what you guys think about the news. Leave your thoughts and comments below hit the thumbs up button. Don't forget to sign up for my free email newsletter on steps Thatack. It's one hundred percent free, guys, be sure to check it out. Also, be sure to grab a copy of my book Read Thinking Crypto on Amazon.

It's available in paperback in digital, also available on Barnes Andnobles dot com. Buy a copy to support the podcast. Buy a few copies for your friends and family who want to learn about crypto. This makes a great gift. It will help them to understand what's happening in the landscape of the industry. And if you bought a copy already, please please please leave a rating and review on Amazon. It will help on my rankings. Thank you guys so much. I appreciate you all and I'll talk to you all later