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cover of episode 🚨BIG CRYPTO NEWS! TRUMP COINBASE & BAKKT, OCC BITCOIN ETF OPTIONS, & XRP CARDANO!!

🚨BIG CRYPTO NEWS! TRUMP COINBASE & BAKKT, OCC BITCOIN ETF OPTIONS, & XRP CARDANO!!

2024/11/19
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Thinking Crypto News & Interviews

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The host discusses Bitcoin's current consolidation and potential breakout, retail activity, and significant liquidity events.
  • Bitcoin is still consolidating with a potential breakout upwards.
  • The host predicts a possible $100,000 Bitcoin price by Thanksgiving.
  • Retail activity is increasing, indicated by Google trend searches for Bitcoin and other cryptocurrencies.

Shownotes Transcript

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You won't believe those news, guys. President elect Donald d. Trump will be meeting with queen by CEO brian armstrong to talk about different crypt al positions and appointments in the government and Donald trump.

Social media company is looking to acquire crypto trading platform back, and bitcoin etf options have been approved. They go live tomorrow. This is huge and golden sex is expanding its critical business. I'll give you the details. Let's get into IT.

Hey, everybody welcomed into the thinking crypto podcast, your home for crypto to currency news and interviews on your host tony Edward on your way in a place that that subscribe but and as well the thumbs button and leave a comment below if you're listening on a pond cast platform such as spotify, apple, please leave a five star rating and review folks. Let's start with bitcoin right now. Bacon still consolidating.

We're waiting for that break out upwards. And I think we could potentially see a hundred thousand by thanksgiving. That's a theses I have IT could be completely wrong, but I think the bitcoin whales want to get bitcoin to a Price before.

thanks. Giving where the discussion around things giving dinner will be all about crp. Du, and we've seen this show before retail will start to pour in.

Now we are seeing some level of retail activity with google trend searches up for bitcoin, cyp to X R P, mean coins in these things. And obviously, the market has been moving. So IT runs in phases, but we haven't seen to fall on euphoria where things get crazy and stupid.

If you been here for multiple ball market cycles, you know what i'm talking about. But of course, we are in the mid of a bull market. And I just look at this guys.

I often share different metric and stars with you today. There was two billion in other usdt minted and over two hundred million in circle usdt. So where is that liquidity going to go into the crypto market? So we've seen this i've shared this with you guys for years.

And what we've been noticing is once there some sort of mint event, eventually you have are the liquidity important to the market and and IT starts ripping. So get ready. Now we have some very big news around Donald trump and what he's done ecliptic.

First up, going by a CEO to meet trump to discuss personal appointments. This is according to the wall street journal here, the details queen basco brian on strong is meeting with president elect Donald trump to discuss personal appointments. Truck has yet to pick who he wants to nominate as treasury secretary.

And share of the security and exchange commission, both of which would have major implications for the crypto industry. There's a name being floated around uh, for treasury. That is brian Brooks, who we know is very procreative.

He is at the O, C, C, and I hope he gets IT. If he goes into the S, C, C or at the treasury, IT will be a win. Now with regards to the S, C, C, there's a quite a few names that have been throwing into the mix.

Um I know hester purse would be the ideal candidate, but doesn't sound like he wants the job. Uh however, then gallagher um who's at Robin hood, who's a former S C. C official, he might be a great choice so will have to wait and see.

But we know we're headed to brither days. We're headed to wear more people who are prohibit are gonna put into the government. So things are heating up, guys.

And look at this, Donald trumps a social media company in talks to bite back. In the latest twist for the ice founded crypto platform. So ice stands for intro entitle exchange. Now the center continental exchange owns the new ork stock exchange. And remember, this was a big thing back in two thousand and twenty twenty when they launched back.

However, due to some poor management and some other things they kind of face out, they fizzled out, uh, even though they had this hype around them because of who is backing them. But IT, this is interesting that trumps social media companies looking to buy this platform is a very cute with trump is trying to coop up here. So Donald m.

Social media company truth social is reportedly in advanced talks to acquire a story crypto platform back, according to financial times, citing two people familiar with the matter. Now obviously there's world liberty financial, which was start uh, by trumps team. And so for and they maybe looking to do more, we crippled.

So so very interesting guys. things. Are he really heating up? Now we got big news that the O, C, C, which was the final hurdle for options treating for big et, has been approved and specific ally has been approved for black rox eyeshades bitcoin etf or I bit.

And uh, there is news is confirmation that the nice that is gona list this as soon as tomorrow. Now we've been talking about this. I've done interviews with uh naja racy to people from bloomberg as well.

Option to going to bring in a tonal liquidity and capital into this market. So this could be the catalyst that helps us to go to one hundred cape plus. And of course, look who's getting the first win here. And that is a black rock, right? Black rock trying to take over this asset class.

And you know, they're backing something we've seen historical, what is esg or whatever else this is going na be a lot of capital following black rock as a black rock is connected to the government in many different ways. Go look at what they did in the two thousand press. They are the world's largest asset manager.

Need I say more right guys, you know the deal, Larry thinks gona get what he wants here. So i'm here for the right. I'm going to ride wave.

And this is gonna very impactful on big coins Price in the crypt al market. And there was confirmation of this. The folks at block works got a confirmation from a nazi spokesperson, and they're planning to list the options tomorrow.

So get ready, guys to mark, be pretty big now we get some news er around billion year paul tuder Jones hatch one. They apparently hold two hundred and thirty million dollars worth of black rocks of bitcoins body tf. We know paul Jones is a very bullish on biton crypto.

He has been since twenty twenty, and we are getting more details to S C, C. Filings of his holdings and positions. But pretty huge, right? But look where he's buying IT from black rock.

So this is what i'm talking about. A lot of people trust blackrock, blackrock gonna market to hell out of this asset class. Larry, think, watch out. He's in a pop up on TV again pretty soon.

You know the story, guys, right? But this is where we, as smart investors have been buying the depths, buying the laws, and we are looking to sell the year for a glow up top because unfortunately, dumb money comes in at the top. They're not financially educated. They have been done their research.

They don't buy the depth, right? They move with the heart. But, uh, that's the nature markets.

But this is why you want to be on to decide to smart money, along with paul tute Jones and Larry think, okay, you want to leave your emotions at the door. You want to study the charge and know what's happening now. Michael seller announced today that strategy acquired more big win.

In fact, they bought fifty, one thousand seven hundred and eighty big win for approximately four point six billion dollars at a Price of approximate eight eight thousand six hundred twenty seven dollars, which this is cca zy. Let me I mean, I I can't even keep up with all the things that the sailor is doing here. And uh, they're gona do a private offering of one point seven billion dollars of convertible senior notes.

So raising more debt by bitcoin. This is wild guys, but it's gonna offer him we cross the cam and gone mainstream. Revise here.

Politicians are behind the now, uh, there is possibly bitcoin becoming a strategic reserve assets in the united states. So things are moving at a nic Epace. Um brian books, which we talk about earlier, tweeted out about big one.

He says strong align with the U. S. Treasury and the S.

C, C. On issues like bitcoin reserve will be critical. We need to make amErica the capital of capital formation again.

So guys, I hope you see where this thing is. Had the narrow, the wall street tear to politicians here. So strap in, things are gonna really fun.

But have that plan for taking profits. So a great place where you can take profit is on germany. You can, of course, buy big coin.

And all coins generalize a great exchange i've been using for years. They have a great up, great platform. They have a credit card, they have staking.

They have a small coin call g usdt. And if you sign up using my link guys, you can get fifteen dollars in big one. When you trade your first one hundred dollars can use the code thinking fifteen. So check out the link into description and go sign up with germany. Now guys, all of wall street once a part of this asset class.

And here we got news, some bloomberg golden sex is speaking with potential partners as IT plans to spin out its digital assets platform into a new company for large financial firms to create, trade and settle financial instruments. To be up blockchain technology folks, game theories playing on here. No one wants to get left behind.

They are gone to launch crypto trading products where there S, E, T, S. And trading deaths. And they're also to do toga ization.

So everything will be running on the block change is what we've been talking about for years. Uh, traditional assets like stocks and commodities will be on the block chain. And h there will be twenty four, seven trading fractionalized.

Uh, a truly global market guys. So very, very bullish. So the investment bank is speaking to potential partners to add the platform capabilities and develop new offerings.

Matthew murat golden, global head of digital asset to bloomberg trade, web markets and electric trading platform, will reportedly be among the new entities strategic partners, thermic said. These spinout is expected to be completed in the next twelve to eighteen months, pending regulatory approvals. Plants are reportedly still in the early stages.

Here's a quote, is the best interest of the market to have something that is industry owned. So that's essentially wall street wants to own this asset class. And it's what i've been tony guys for a long time.

That's why cancer, a golden sex guy, was web ize to kill the crypto startups. Notice black rock fidelity and all these guys didn't get lost suits or well noticed yet. They launch E, T, S.

yet. They're toga ized and doing much more right. Pretty clear day what's happening. And like I said, eventually they're are going to try to manipulate this market like they have with other assets. I don't think we're close to that.

I think, uh, in maybe another five to ten years, that could be possible. However, uh, we want to ride the wave, right, because we are the early doctors, make as much money as we can and exit the market accordingly. Now i've often stated my the caviar to that statement is is that there are some cypher I never selling him holding like bitcoin because I believe bitcoin, uh, will eventually go to a million dollars one day.

Some holding IT plan to give to my daughter and and so on. And so for. So that's my strategy. You don't have to follow that. Um and I use the all kinds as much as possible to make as much profit as possible because i'm trying to get financial freedom for myself.

I am sure many of you eliminate dead up spending by things, of course, and build up my retirement guys because I want to retire early possible. So those are my goals, and i'm gonna be here for the next cycle. So I often stated i'll be taking some profit pay off in that spend and and reinvest some of that into ecliptic u and other assets um and grow the pot as much as possible.

So i'm looking to squeak as much juice out this orange as possible and i'm going to be preparing for the next school market of the twenty twenty eight having now we continue to see more companies are using bitcoin and cyp to as a hedge against inflation. We got news, a global health care group, cosme health, adapt bitcoin as a treasury reserve asset and they're going to be holding bitcoin any theory um this is not going away as inflation and currency the basement continues. You're gonna see companies around the globe do this.

And some have only added bitcoin. Some have added bitcoin any serum. So, uh, this is very interesting to see these different companies do this in different industries.

Obviously, microstrip gy is the biggest example, but is also made a plan head of japan and many others, and we got countries buying as well. So things are headed in the direction of mass adoption. And as I stated earlier, if the bitcoin strategic reserve gets approve, you're going to see incredible formal for big coin and crypto guys.

It's it's going to open the flight gates. Now let's talk about cardono and X R P. We've been highlighting what Charles hosni and has been saying on his lifestream s over the past couple weeks now he wants to work with rip.

He wants R L U S, D, report, stable coin to be on cardono and much more. Well, he wait out today. He was great to speak to David.

Shots of ripple about midnight and X, R, P. Wonderful technical conversation. David retweet him, saying he was a pleasure talking to midnight sounds extremely interesting. And he linked to the midnight network White paper so Charles and I had spoke about midnight network a couple months ago when I had him on the podcast.

I'm trying to get back want to talk about these things but uh great to see some collaboration guys um and I think Charles recognizes that it's Better to collaborate because he's caron is going up against salona and a vacs and some big players and e theme, of course. So if you want to win, you probably have the partner with some of these other chains and build some mental capability so that you can continue to grow in market here. So I see this is a very smart move by Charles.

now. He also added some additional context in a life stream where he said, we can add amazing define component X, R P. They can add liquidity, a wonderful stable coin layer, uh, R, L, U S D and bridges.

Definitely IT would be super cool to get midnights ork with x erp u or meeting with David swards. So, uh, great to see that this is happening. Guys, very bullish.

Uh, I hold the boat. X, R, P N cardono. My larger position is an X R P, but both have been doing well on the charge.

Guys, we know X R P been breaking out. All coins have been breaking out. It's what i've been saying. Be patient. Some of these blue chip, all coins will take time, I think.

Mean, coins are the shiny bate that's to bring in retail, but the liquidity flows through the entire market. Final news item here and is jumping back into the stable coin. Games of ance launched a stable coin, B, F usdt.

If you recall, they had B, U, S, D, but that got shut down. But in york, D, F, S, um he says here, the yield bearing stable coin can also be used as collateral for trading and smart move by finance. They have the world's largest exchange.

They got the brand. It's a no brainer right to do this and they're going to make a good of money on this. And if you haven't seen my interview with Charles cas Carola of paxos, I published IT today.

They actually help uh finance to launch their first stable coin. Uh they help paypal to launch P Y U S D, and he also help Robin hood cracking in exchange is so far to launch a community stable coin called global dollar network. Checked out guys, it's a great interview.

And these are people building in helping these big firms to um create these amazing tokens and services and south. So folks, that's the news. Let me know you think leave your thoughts and comments below.

Uh, hit the thumbs up button a great way. You can support me and the podcasts by subscribe to my free email no substance in the link of description, one to send free. Also, be sure to grab a copy, my book rethinking crp to a, buy a copy for yourself and your friends and family.

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So IT could be a really great place for them to get educated because, you know, a lot of people are going to form in and get rect. Don't let your family members get right, give them the book, help them to learn about IT. There's a digital copy.

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