Episode Transcript
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0:00
At BP, we've reset
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our strategy with a
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focused downstream, a growing
0:06
upstream, and disciplined investment
0:08
in the transition. See
0:10
how will grow shareholder
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value at bp.com/ reset.
0:15
Crypto and the stock market pumps
0:17
as Donald Trump pauses the tariffs
0:19
for 90 days. I'll share the
0:21
charts with you and what I'm
0:23
expecting. And new SEC chair Paul
0:25
Atkins has been officially confirmed by
0:27
the Senate. I'll talk to you
0:29
about the next steps there and
0:31
the SEC makes a major approval
0:33
with the Ethereum spot ETF. I'll
0:35
give you all the details. Let's
0:37
get into it. Hey
0:41
everybody welcome into the Thinking crypto podcast
0:43
your home for cryptocurrency news and interviews
0:45
I'm your host Tony Edward on your
0:48
way in please at that subscribe button
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Spotify or Apple please leave a five-star
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rating and review folks I'm sure many
1:00
of you have heard the news and
1:02
that is President Trump has paused the
1:05
tariffs for the majority of countries with
1:07
the exception of China for 90 days
1:09
so giving some relief overall to the
1:11
markets and the global economy and much
1:13
more. And this may be the signal,
1:15
the catalyst we are waiting for to
1:17
help us continue in the bull market
1:19
because we've been waiting for some sort
1:22
of bottom, some sort of reversal, but
1:24
we weren't sure what the catalyst would
1:26
have been, whether it was a resolution
1:28
with the tariff situation or the Fed
1:30
came out and said, hey, we're gonna
1:32
cut rates and start printing money again.
1:34
So if we look at Bitcoin, we
1:36
see a green candle, you look at
1:39
the stock market, the S&P. 500 huge
1:41
green candle out of the super oversold
1:43
zone with the daily RSI You look
1:45
at the NASDAQ huge green candle same
1:48
thing here It's it's the same pattern
1:50
for all these major indexes the Dow
1:52
Jones industrial even gold joined the party
1:55
look at the green candle and the
1:57
gold chart So overall markets looking good
1:59
feeling bullish year. However, guys, I want
2:02
to be cautiously optimistic because we're still
2:04
below the 200-day moving average, which is
2:06
very important. When we are above that,
2:08
we are definitively in a bull market.
2:11
When we are below it... there's the
2:13
risk of entering into a bear market.
2:15
I've shown you guys this time and
2:18
time again. Now last summer, as I
2:20
was telling you guys about the Japanese
2:22
yen carry trade situation, drove us below
2:24
that 200 day moving average. But we
2:27
chopped around there and we came out
2:29
of it in Q3 and then we
2:31
had a massive parabolic run up in
2:34
Q4, which many of you obviously remember
2:36
or don't because of what has been
2:38
going on. But nevertheless, we want to
2:41
see Bitcoin get out of here. We
2:43
want to see the stock market as
2:45
well. because the S&P 500, the NASDAQ,
2:47
the Dow Jones Industrial are all still
2:50
below that 200 day moving average. So
2:52
hope you understand the significance of this.
2:54
It's very important that we get the
2:57
hell out of there. Take the elevator
2:59
up, right, and get above that 200
3:01
day moving average. Now, overall, we're seeing
3:03
some strength from all coins, you know,
3:06
many of them rally today. Nothing significant
3:08
that we have to call home about,
3:10
but good to see some green following
3:13
the move of Bitcoin. If you look
3:15
at XRP. it rallied back above the
3:17
200 day moving average. Very good sign.
3:19
But we need more strength, we need
3:22
more confirmation, so we gotta be patient.
3:24
And hopefully this is not some sort
3:26
of fakeout and then we go below
3:29
again. That will really suck, but you
3:31
know, this is the market, cycles playing
3:33
out and we have to go with
3:35
the market. But this is where I
3:38
always tell you guys to exercise patience
3:40
and control your emotions. If you're investing
3:42
with your emotions, this will shake you
3:45
out. This will break you. They get
3:47
scared, they panic cell, but that's not
3:49
how you invest. You don't panic cell,
3:51
and likewise you don't FOMO buy. Those
3:54
are the wrong things to be doing.
3:56
You have to be even keel, and
3:58
you have to follow the market principles,
4:01
buying the blood on the streets, and
4:03
the fear, and then selling the euphoria
4:05
and the greed, right? as we've seen
4:07
many times over. And if you don't
4:10
know what I'm talking about, you have
4:12
to go on that journey to learn
4:14
these things. And being subscribed to this
4:17
podcast and our newsletter will help you
4:19
get there. So guys, good sign. Very
4:21
good for the markets and 90 days
4:23
takes us out to towards the end
4:26
of June of course So could this
4:28
align with the seasonality where Q2 is
4:30
usually very strong in a bull market
4:33
right April May June are very good
4:35
months green new all-time highs and things
4:37
like that it's possible But like I
4:40
said, guys, cautiously optimistic, we need to
4:42
see the proof, we need the confirmation
4:44
on the charts, and we'll see if
4:46
Jerome Powell, the Fed, does anything. But
4:49
overall, guys, this is good. You know,
4:51
the market's showing some strength here, and
4:53
about $5.5 trillion was added to the
4:56
US stock market today. and shorts were
4:58
liquidated. So over $75 million in Bitcoin
5:00
shorts were liquidated today. And I think
5:02
that number is going to continue to
5:05
grow because we've seen it, you know,
5:07
in Q4, when all the longs were
5:09
piling up, they got liquidated, you know,
5:12
come January, February, now when all the
5:14
shorts are piling up. liquidation and short
5:16
squeeze happening, right? Funny how that plays
5:18
out. This is why I don't use
5:21
leverage and I just hold spot and
5:23
that has worked out for me and
5:25
I can sleep at night and I
5:28
don't have to worry and I played
5:30
a macro game versus trying to trade
5:32
every day. You know, look, there's people
5:34
who do that, but. It is a
5:37
very risky thing. Now, one thing that's
5:39
very important, which we've been tracking, and
5:41
that is global liquidity continues to rise,
5:44
and we know Bitcoin and risk assets
5:46
like the stock market follow it. There
5:48
is a lag, but global liquidity is
5:50
rising, guys. It's one of the bull
5:53
market catalysts. That's why I've been saying
5:55
bull market's not over. Bull market is
5:57
still alive. We can have some huge
6:00
corrections and swings in a bull market.
6:02
are the key metrics and factors there
6:04
that say the bull market's intact, right?
6:06
Are key support levels still? intact. And
6:09
this is what I've been sharing with
6:11
you guys. No feelings, no emotions, just
6:13
the data. And there were a lot
6:16
of people, you know, going crazy, see,
6:18
I told you it's over, it's all
6:20
that. But it's like, you're not showing
6:22
me any data, you're just making a
6:25
statement, you're just talking about out of
6:27
emotions. What data do you have? I'm
6:29
presenting data, I'm talking about. The market's
6:32
being oversold where the only way to
6:34
go is up because they're so oversold
6:36
and here Julian Patel who works with
6:39
Raul Powell a global macro investor You
6:41
know he said the following tech stocks
6:43
are currently the most oversold since COVID
6:45
and only seven other times since 1988
6:48
have we seen more than 55% of
6:50
stocks within the NASDAQ 100 trading with
6:52
a 14-day RSI below 30. What have
6:55
I told you guys on this podcast?
6:57
above 70, the RSI above 70, over
6:59
bought below 30, oversold, and we were
7:01
in the super oversold zone. So what
7:04
are markets going to do? They're going
7:06
to bounce, right? Even if it's like
7:08
a dead cat bounce, they have to
7:11
keep going. So the other thing I've
7:13
been sharing with you guys, the whales
7:15
are still bullish, on chain data from
7:17
Santiment, showing wallets with 10 or more
7:20
Bitcoin, controlled by whales and sharks. They
7:22
are still accumulating, they're not dumping. They
7:24
know. I think many of them are
7:27
connected. They know what's going on and
7:29
they look at the data and not
7:31
feelings or emotions. And metrics such as
7:33
the Bitcoin Picycltop indicator, not flashing. So
7:36
I hope you guys understand the data
7:38
here and we have to pay attention
7:40
to the data and not our feelings
7:43
and emotions. So guys. Very good sign.
7:45
I still need more confirmation, but overall
7:47
bullmarket intact in my opinion and the
7:49
pseudo black so on event that we
7:52
had with tariffs seems to be put
7:54
at ease for the moment and I
7:56
think there's to be some resolution come
7:59
soon, I think China and the United
8:01
States will figure it out. I wrote
8:03
an article which I published in my
8:05
newsletter that I think this whole situation
8:08
with the tariffs is about renegotiating the
8:10
trade deals because there's no longer the
8:12
need for the United States to have
8:15
a lot of these countries to buy
8:17
the treasuries because stable coins are coming
8:19
and stable coin issues are going to
8:21
buy. That's my opinion. I put out
8:24
the thesis out there. I don't know
8:26
if people agree with me or they
8:28
disagree, but I think that's a big
8:31
part of it. Folks, quick word from
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the description. as the first pro-cripto SEC
9:51
chairman. Here, Parian Boring of the digital
9:53
chamber said a new era begins. Folks,
9:55
huge news. We know Paul is pro-scripto.
9:58
He's criticized Gary Genser over the years
10:00
and we know the SEC has been.
10:02
really doing a great job under has
10:04
the person mark you waited with the
10:07
crypto task force, the crypto roundtable, dropping
10:09
cases. And I think Paul's going to
10:11
continue that. I think he's going to
10:14
help spearhead the approval of all coin
10:16
ETS. We may get clarity on NFTs
10:18
and overall crypto legislation and clarity on
10:21
utility tokens and much more. So huge,
10:23
huge. And here Senator Cynthia Lumis. posted
10:25
a photo of her and Paul and
10:27
said, I am please Paul Atkins is
10:30
confirmed as chairman of the SEC. I
10:32
sat down with Mr Atkins to discuss
10:34
digital asset legislation. empowering Wyoming's blockchain feature
10:37
and implementing reforms to the regulatory rule-making
10:39
process. I'm confident his leadership will bring
10:41
positive change. So really great news. Now
10:43
the SEC today approved options trading for
10:46
Ethereum Spot ETF. So if you recall
10:48
they did this for Bitcoin and Spot
10:50
EDFs. So this is really great. We're
10:53
seeing additional products being built around these
10:55
ETLs which is going to bring in
10:57
more capital into the asset class. And
10:59
I can't wait for when they add
11:02
staking. to the Ethereum Spot ETF. I
11:04
think that's going to be huge for
11:06
E.T. Now look at this. 21 shares
11:09
Filesbury Doge Coin ETF informs exclusive partnership
11:11
with House of Doge. So guys, look,
11:13
I think Doge Coin is one of
11:15
the reputable meme coins, been around for
11:18
a long time, has staying power, has
11:20
a community, has developers working on its
11:22
blockchain, so it's not one of those
11:25
fly-by-night meme coins being launched on pump
11:27
dot fun and getting rug pulled and
11:29
all that stuff, right? And 21 shares
11:31
is not the first. In fact, bit
11:34
wise, they were the first to file
11:36
for this. So incredible stuff here and
11:38
it just shows there's an appetite for
11:41
crypto, there's an expansion happening. Would I
11:43
personally be investing a lot in Doish
11:45
coin? No, but I'm not saying you
11:47
shouldn't. Obviously. your research understand the risk
11:50
and the pros and cons and all
11:52
that right because there's no cap on
11:54
the doge coin supply it is open-ended
11:57
it kind of into infinity and beyond
11:59
right so just understand that that doesn't
12:01
mean it can't move in the market
12:03
because there are other factors that can
12:06
drive it it's in the top 10
12:08
believe it or not still so Elon
12:10
of course is a big promoter of
12:13
doge coin so It is what it
12:15
is. Now look at this news, Crack
12:17
in Exchange taps MasterCard to launch crypto
12:20
debit cards in the Europe and UK.
12:22
Folks, MasterCard is a legacy credit card
12:24
company. Why are they getting involved in
12:26
crypto? Some people say crypto is a
12:29
scam. It's a fad. It's a Ponzi,
12:31
right? It's this and that and all
12:33
that. It's all a scam. Folks, the
12:36
biggest institutions in the world, credit card
12:38
companies, bang, stock exchanges, hedge ones. VCs,
12:40
they're all getting involved and I hope
12:42
you see what's happening. This is amazing.
12:45
So Cracken's MasterCard, crypto debit cards will
12:47
be available in the coming weeks with
12:49
clients currently joining a waitlist for the
12:52
product. So the on and off rounds
12:54
being built here. Now I want to
12:56
end it with this amazing news. So
12:58
Treasury Secretary Scott Bissent, he spoke of
13:01
the American Bankers Association today and folks,
13:03
let me play a clip of what
13:05
he had to say about. stable coins,
13:08
blockchain and more, it's pretty bullish. We
13:10
will take a close look at regulatory
13:12
impediments to blockchain, stable coins, and new
13:14
payment systems. And we will consider reforms
13:17
to unleash the awesome power of the
13:19
American capital markets. Americans deserve a financial
13:21
services industry that works for all Americans,
13:24
including and especially Main Street. Under President
13:26
Trump's leadership, the Treasury Department and I
13:28
will deliver that to you. Thank you.
13:30
Wow, very bullish statements, right? Speaking to
13:33
the American... Bankers Association highlighting they're going
13:35
to provide the proper guidelines for blockchain
13:37
stable coins and new payment systems. Folks,
13:40
this is why I'm bullish despite what
13:42
the hell is happening in the market
13:44
over the past three months because the
13:46
setup here for mass adoption. for banks
13:49
to be able to go all in
13:51
on crypto, launching their own stable coins
13:53
and more. The foundations being laid here,
13:56
guys, the path is being cleared for
13:58
mass adoption. And it's not just in
14:00
the US, but globally. I've been sharing
14:02
with you guys nonstop the moves that
14:05
are happening in different countries with legislation
14:07
and clarity being provided. They're not banning
14:09
this thing. We were just talking about
14:12
Pakistan hiring former Bionananan CEO. Right? I
14:14
mean, just look at, it's just mind
14:16
blowing if you think about it. And
14:19
I've been here since 2016, so to
14:21
see these things happening and coming to
14:23
fruition, it's pretty surreal. So sometimes I
14:25
have to pinch myself, is this really
14:28
happening? Because this is the technology that's
14:30
going to power the future of the
14:32
economy and the markets and government much
14:35
more. It's going to be a very
14:37
different world. So I'm bullish. I hope
14:39
you understand what's going on here and
14:41
you're looking at the macro view. because
14:44
if you're looking at the one minute
14:46
chart or the hourly and oh no
14:48
the prices down today right I often
14:51
see the comments oh look you shared
14:53
some bullish news but the price is
14:55
not moving people think that positive news
14:57
automatically has to result in the price
15:00
moving because they're not educated about how
15:02
markets work they don't understand that there
15:04
are moments where the sentiments down we
15:07
are in a correction and nothing's gonna
15:09
pump like what we've been in recently
15:11
but if we are in a rally
15:13
and there's positive news that does help
15:16
the price. So the timing is all
15:18
important and the microcycle as well as
15:20
the macro cycle. So this is where
15:23
I'm trying to share this knowledge. I
15:25
still see the bearish comments, the ignorant
15:27
comments unfortunately, but look I was
15:29
in the ignorant place at some
15:32
at point and I had
15:34
I had to learn.
15:36
make sure make sure
15:39
you're educating yourself guys in
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a great place can
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help educate yourself
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and understand the cycles
15:48
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check out available on Amazon.
16:34
digital. in you for watching
16:36
and listening. I appreciate you all for I'll
16:38
talk to you all later. you all
16:40
and I'll talk to you all later.
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