Bitcoin and all coins continue to struggle. Are we heading lower? I want to share some charts and what I'm anticipating as we head into January, and more companies are adding bitcoin to their balance sheet and there are ETFs being created around these things now. And we have a new advisor to the Digital Assets Council who's joining David Sachs. I'll tell you who it is. Let's get into it. Hey, everybody, welcome into the Thinking Crypto podcast. You're home for cryptocurrency
news and interviews. I'm your host, Tony Edward. On your way and please hit that subscribe button as well, so 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, it's great to be back. As many of you know, my grandfather passed away and it was a very difficult time for me and my family and of course took time to go to the funeral, spend time with the family,
mourn and grief and all that stuff. Guys, as I'm sure many of you who've done with family members who passed away, it's a tough time, especially when the holidays so guys. My word of advice, you know, make sure you tell the people you care about how much you love them and give them a hug. And one of my New Year's resolution is to spend more time with my family and make sure that I do the things I want to do with them, say the things I
want to say to them as well. So just think of that, guys as you head into twenty twenty five. Because life is short, folks, Let's talk about the markets. Everyone is wondering when is Bitcoin going to move again? Right now Bitcoin is below ninety six thousand again, and of course the all coins are bleeding, they're struggling. But this is normal. This is the market cycles playing out here, both from a micro and a macro. There's nothing new here per se. If it's your first go round in
the crypto market, then it's all new for you. But if you've been here from multiple cycles, you've seen things like this. So short term, what can we expect. I
personally think Bitcoin's going to go lower. I've been telling you guys before even we had this correction, that Bitcoin could go back down and test eighty eight k, even eighty k before we bounce and go higher and lo and behold that it's playing out, and I think Bitcoin could go lower one of the Elliott wave as chart analysis that was put together from fx Empire shows that Wave four could take us to about eighty a K or eighty seven thousand before we bounce, So that could
take us into January. So just be prepared. You have to exercise patients here that this correction and then eventual consolidation could take it straight into the middle of January. Now, it doesn't have to play out like that. I'm not saying this is a guarantee. I'm just saying I think this has the higher probability of playing out and then we see that balance and we start pumping again. So
just be prepared for that, guys. And if it bothers you, you got to step away from the charts, right, don't look at it every day, don't look at the price every day, don't look at your folio every day. These are things I personally exercise to help maintain my focus and my mental health, right, because looking at your portfolio and seeing a decline, especially with these very volatile moves in the crypto market, can be a bit stomach churning, right,
And you're like, oh, no, that's it. I was looking to make X amount of profits and so forth. But as always, guys, we don't want to move by our emotions. We want to move by the data. What is it telling us? And some people are saying, hey, look a cycle tops in, And as I've been telling you guys, different metrics and signals and indicators are not showing that. Like the picycle top indicator has not flash, it's actually very far from signaling a top. The CBBI chart shows
us we are nowhere near the top now. I would say we are about eighty percent near there, and what we still have maybe about twenty percent left before we hit that zone where the top flashes. Even the Bitcoin monthly RSI is not near these zone or above eighty where we've seen the top come in historically. And whales continue to accumulate, so we're not seeing a major selloff. There has been a small decline, but there hasn't been any major pullbacks, which signals, oh no, the whales are selling.
So now we have to be aware of what's happening here. And the bitcoin supply and exchanges continues to decline. So all of these are great signs that the top is not in and we are just experiencing a normal, healthy pullback. And these are things that have took place in the previous bull market cycles. I've been telling you guys about December twenty twenty into January twenty twenty one. There was a very steep correction there and then we started pumping,
you know, as we headed later into January. So something similar is happening here. It's not going to be exact, it's not going to be a carbon copy. But as always, history doesn't repeat, but it does rhyme. So be patient and like I said, walk away from the charts if it's bothering you. Enjoy the holidays, right, and we're gonna see the pump, next pump again, the next wave up.
But we gotta let this sentiment get reset. We got to get the leverage flushed out, and then there's gonna be a bit of fear, right, and then it's gonna start ripping, and then we're gonna go back to greed. Same story, different cycle. We've seen this time and time again. So guys, I am still bullish. I still think we have more upside to go. Twenty twenty five, though, is the year we will see a top it's the four
year cycle playing out. I don't think it's as much as the having as it is the presidential election cycle, which global liquidity and MP two money supply follows. Because the government's print more money, the incumbents try to print more money, inject more liquidity to help them get re elected,
and all that jazz. So this is just once again a very healthy pullback, and I'm going to look to buy the dips where possible, not so much for Bitcoin but for all coins, especially for those which have not really rallied that hard yet, but they will eventually as the liquidity cycles through the market. So that's where it's at. Guys. I'm still bullish, but I think we got some more downside here for Bitcoin and the all coins will bleed as well, So just be prepared for that. Your portfolio
is going to swing back down a bit. But then you know, once this thing finds its bottom here, it will start balancing and we're going to see higher highs and higher lows, So just be prepared, guys. Quick word from our sponsor, and that is Uphold. Upholds a great crypto platform I've been using since twenty eighteen. They have three hundred plus cryptocurrencies, Bitcoin and all the top all coins. They have a great app, they're easy to use. Best of all guys, they don't commingle or lend out your
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fifty dollars once per month. So it's a really great offer and I will be using this and especially I want to test out r l USD. But they support USDC, PYUSD and other stable coins. So this is a great program. So if you'd like to learn more, check out the link in the description. Guys, check out this news. Cooler Technology launches Bitcoin Treasury with twenty one million dollars purchase. Remember when I was telling you, guys, this is not a fad, This is a trend that's going to continue.
More companies are going to adopt bitcoin as their treasury reserve asset, one to maintain their purchasing power for the cash that's on their balance sheet. And two, if they're a publicly traded company, they're going to see the benefits same way micro Strategy did. Now, I don't expect them to puff as well as micro Strategy, but they will see some benefits and it's better than nothing, right, There's dual benefits here for the stock as well as protecting
the cash in their balance sheet. So we are seeing more and more companies in the United States and around the world are adopting this strategy. So the publicly traded company is the latest to adopt a bitcoin treasury, joining a growing number of firms adding bitcoin to their balance sheet. So really, really amazing. So according to a December twenty sixth announcement, the purchase was made at an average price of ninety six five and fifty six dollars per bitcoin.
Cooler said the acquisition is the first of several planned purchases as part of a broader strategy to allocate up to ninety percent of its surplus cash into bitcoin. Big move guys, very very big move. And like I said, this is only going to continue to grow. And while we've had some news of micro strategies board saying or the shareholder saying, no, we don't want to do this, it's just a matter of time. It's not a matter
of if, it's just a matter of time. And here Japanese public company Meta Planet, which has been really following micro strategies game plan. They bought six hundred and nineteen bitcoin for about nine point five billion yen, and we got news that Rumble the video platform. They announced seven hundred and seventy five million dollar investment into Tether. Michael Sailor has also been talking to them about adding bitcoin to their balance sheet. So guys see where we're headed here.
And if you guys recalled, there was a company I forgot the name. They said they were going to buy bitcoin and xrpeed. So eventually, as we have more clarity around other assets, you're going to see, well some companies have already added ethereum, but you're going to see other assets being added to the balance sheet as well. So that's why I've often said I'm bullish on this cycle, but I'm also bullish on the next bull market of
twenty twenty eight. So I have my strategy of taking some of the profits I make in in this bull market and reinvesting it in the bloody bear market and prepare for the next cycle up. So I hope you see the macro vial of this and where it's headed. This is not stopping and some of the accounting rules, like the fast b accounting rules make it easy for companies to do this now. So things are moving in the right direction. And here Bitwise Asset Management recognizes this
and they're creating an ETF around this. So Bitwise files for a Bitcoin Standard Corporations ETF with own stocks of companies that have adopted the Bitcoin standard, which they define as holding at least one thousand bitcoin in corporate treasury.
So once again, this thing is not slowing down. This will continue to grow and as inflation continues to be an issue, and as the business cycle with high rates and look, I know the FED is cutting rates, but rates are still relatively high and they're going to start printing money again. It's going to take some time for
those things to ramp up. And bonds are not doing as well, and crypto bitcoin is certainly a big option to help not only maintain the purchasing power of your balance sheet, but also grow the value because the bitcoin's appreciating at a rapid pace. So, guys, incredible stuff. Now let's move ahead. We got news here that bo Hines has been named Executive Director of the Presidential Council of Advisors for Digital Assets the Crypto Council, by Donald Trump.
Dan Spuller of the Blockchain Association said bo is a steadfast ally of the crypto industry. During his visit to the Blockchain Association headquarters earlier this year, we were impressed by his deep understanding of crypto bitcoin and his commitment to fostering innovation. In his new role, alongside David Sachs, bo will help solidify digital assets as a cornerstone of America's technological feature. We couldn't ask for a better advocate.
Wishing him great success. So we continue to see, oh, crypto officials and representatives being put into the upcoming Trump administration. So, guys, twenty twenty five is going to be bullish. I know the price right now. Everybody's like, oh no, the price is now, But you got to look at the macro and that's what I try to share here on this podcast.
The macro is so important. Don't get lost in the micro of the hourly, daily, weekly, even some parts of the monthly right where things are just not going well from a price standpoint, but that's just market cycles. The United States is being set up here to embrace crypto entirely, pro crypto President, procrypto Congress and all these different advocates in the White House and in different parts of the government.
Plus you're going to see I think the Crypto Fit twenty one bill make it through the Senate next year, stable cooin legislation, all of these things, and of course you have all the institutional players here. So things are aligning up very nicely. Now. Crypto dot which is one of the top crypto exchanges in the world, they have launched their own US trust company, crypto dot Com Custody Trust Co. So they received a trust company charter in the United States. That's a very positive sign. And we
continue to see the race for crypto heating up. All these exchanges and companies are expanding globally, getting licenses, making acquisitions, launching new services. They wouldn't be doing this if they didn't see where we're headed, right, because they are companies that are trying to make as much money as possible and be as profitable as possible. So when I see things like this, it's really bullish because they're not just waking up and saying, oh, let's just go do this.
They're studying the market, they're seeing the adoption, they see what's on the horizon, and everybody is trying to grab as much market share as possible. So very very bullish news. All right, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. The way you can support me in the podcast is by signing up for my free newsletter. It's one hundred free link wi being a description. Also, grab a copy of my book,
Rethinking Crypto. It's available on Amazon and paperback in digital. Buy a copy for yourself, Buy a few copies for your friends and family, give them as a gift so that they can learn about crypto so they don't get wrecked. Knowledge is power. And if you bought a copy ready, please leave a rating and review. It will really help me out. Thank you guys so much for watching and listening. I appreciate you all, and I'll talk to you all later