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are you ready? The final phase of the crypto bull market had started, or what some would call the fifth way, with big coin hitting new eyes, and some, all coins are starting to wake up. And the fed has cut rates by twenty five basis points, and former S, C, C.
Officials are saying the new sec chair will come in and wipe out lawsuits against ripple and coin base and others. I'll share the details there. Let's get into A.
Hey everybody, welcome into the thinking cyp to podcast your home for gypt to currency news and interviews on your host tony Edward on your way in a place that subscribe butter as well that sums up butter and leave a comment below if you're listening on a podcast platform such as apple or spotify, please leave a five star rating and review book i'm sure many of you saw the news. The fed will continue its rate cuts. They are going to cut rates by twenty five basis points.
Are we had your own power speak today. Now this was anticipated the markets in different analyses, a sense that this was around the corner. And it's what we've been talking about for a long time that we have officially left quantitative tightening and we're going back to quantitative easing.
They had caught the rates, now they're cutting. And of course, in order to service this that and to pay for all this, they're gonna have to print money. It's the status quote, the same story, right? But this is bullish for assets because asset Prices are correlated to global liquidity.
So when you add up the m two united ted states and in china, so for asset Prices rise against the continued to bracelet of currency. So this are lines with what big point and the egypt market is doing right now, even the stock market. Now you add trump into that mix because trump is seen as a procymidone candidate and that would kick out gary cancer and all these things.
It's the icing on the cake. There's an added bullishness euphoria here. So we can expect a strong move as we continue into the remainder of q four guys. And bitcoin, of course, uh, continues to move upward. Right now, it's near seventy six thousand dollars.
We have officially broken through key resistance levels and we've entered Price discovery so we could see big one as we had later into this month, head towards eighty two K, I think that's the next Price point. And remember, the cycling of the liquidity, uh, will then flow to the old, actually seeing a serum waking up and salona has been moving as well. So liquidity is starting to flow through the market here, guys very bullish, but the majority of liquidity, you know interest to bitcoin and then IT flows on to the all.
So even if you don't see you're all coin moving, IT IT will eventually. But this is why you diversify. This is why you hold bitcoin eat.
And so for so you maximize as much of your returns as possible. And many analysts are highlighting that we are entering into the fifth wave, the paraos c phase. Here, rect capital highlighted that bitcoin is on the cup of transitioning into the parabolic upside phase of the cycle.
And we've been in that boring accumulation zone for five to six months, of course, and now we are leaving IT guys. So very, very bullish. Ed, I want to remind you guys, P, S, A public service announcement, please have your plan written down which Price points you're taking profits at because things are gonna.
Get your fork. The feeling of greed will return, guys, and I will seem like this bulb market will never end, and that is gna continue to go higher. There will be a top and there will be a beer market.
Walk away from this bull market with profit and make sure that you are paying attention. This is the time to start paying attention as things starts to heat up. And you want to know where we're at in a cycle, right? You gotta pay attention, guys.
So things are looking good. I'm feeling bullish based on the macro charts and what the data telling us. Now remember, italy said they were going to raise, uh, capital gains taxes and much more on bitcoin.
Well, we're starting to see some backtracking here. Like I said, I told you guys at the time that they would revert and that i've been saying a nodia for years. Any country that goes against ript tries to bit, or whatever they are writing their economic death sentence, capital will leave their country, their economy.
So the economic minister said, I am willing to consider different forms of taxation for people who keep investments in their portfolio. Yeah, you Better do that body, you Better do that. Um my no regrets uh galaxy digital C E O had their q 3 earnings call and I want to highlighting, he said, and mike is connected and he's a billionaire all street guy.
He said that he expects to see sab want to want to be repealed very quickly. That is bullish. That's what's preventing the banks are being able to custody bitcoin crypto and so forth.
And when they are able to custody IT directly, uh, they will be buying up and offering IT to your clients member. Years ago when I did the mock scene of your bank, your local bank, calling you right, mr. Jones, mr.
Jones, we offer big encrypt. Du, uh, we will take care, everything for you. You can buy through us. Well, custody to will add to your statements and much more guys, that's what's coming.
And uh you know sub one to one was that B, S rule from gary ginza S, C, C, uh, Elizabeth warn was the one pushing IT and he convinced by to veto IT when a both democrats and republicans in the house senate voted to repeal IT but now trump is gonna in office against is gonna be out allibert warna has lost her power and this thing is going to be repealed so you can imagine what's gonna en when this thing when the news breaks, that banks can officially start custody cyp deal now, guys. Quick work from our sponsor and that is just where you can easily buy coin, all coin and much more germanized. A great exchange with a great APP and many awesome features.
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Now news is coming in that S, C, C, commissioner markey, way to who backs trumps plan to end the cyp to crackdown, that he is to be Donald trumps acting S C. C chair. And this is doing the transition period because once cancer is gone, to go the relegation latter process and all that to pick an uc chair.
But, uh, IT looks like mucky weight is going to be the one h IT could be has to person. If you caught my interview with rain hammer of the blockchain association yesterday, we talked about this. And uh IT seems like has the perse doesn't surely want the chair role.
Uh, he seems like he wants to retire and I get IT. Uh, so mark, that would be a great choice. So very, very interesting times, guys.
Dancers almost done in ah I want to share what some former S. E. C. Officials are saying.
John reed stark, who I am not really a big fan of, but I have to give them credit. He came out and said, fii, stick a fork in the S, C, C. It's done. And there's some other statements.
I stood at all the roof of ripple waited on john statement, saying, john, a staunch S, C, C supporter, has the class to say the people have spoken gancy in his entire rpl minions should voluntarily stand down or as john explains, the S, C, S. New chair, uh, when appointed, will use the agencies internal mechanisms to remove them. Either way, it's over.
wow. Big statements. jermy. Hogan also waited, uh, john rate stuck, by the way, held a twitter spaces.
So h he had a lot of things to say, but he's been a big support of cancer. He's often on twitter battling with crypto to people, uh, but even he is just like that. This thing is done gancy cooked, it's over.
And jermy hogan recap some of these things that john said, uh, he says, well, I wasn't sure about the nuts involves of IT all. So I listen to the great space by genre start today. And the most likely scenario is one against the steps down before january twenty eighth.
Number two, the new head or interm heads sends out marching waters that all non fraud crypto cases need to be disposed of that's ripped that coin base and much more. Uh, the litigation team. Number three, the litigation team looks at each case and recommends to either settle or dismiss each and brings their recommendations to the commissioners who then vote year or name.
There will now be three republicans appointed, so IT will be a year, jermy says. Here are my thoughts on this specific actions, the report case or any case, what a ruling will be settled for a judgment uh, amount which is hundred and twenty five million dollars, I would be awkward to settle for less than what was already awarded by the court. Number five, the coin base in other cases in litigation will simply be dismissed.
Number six, this will take some time, not january, but perhaps before the summer, but the markets don't even need to see IT right away. The change alone, the dialogue, the sentiment that i'll be coming up on the S, C, C, will be very different, right? So brighter days are ahead here.
And, uh, h, the S, C, C is gonna get to clean up here, guys. Now, ripple stood at all the road. He took out something very interesting that, uh, he and the team at a rip met with no trump.
So he said, thank you to both campaigns for a hard vote race and for invigorating the democratic process. Congratulations, downtown mp, you took the time to listen to ripple story when we met in center of this summer, and your priorities script, al, as a key policy issue. Now let's move wifely to end a regulation by enforcement approach we've endured in recent years and position the U.
S. As the crypto capital of the world. So very interesting that they met with down trump guys, and we saw stood all the rony actually had donated to Donald trump, and he donated X, R, pear, something like that. So, uh, things are headed in direct direction here. Really amazing stuff.
A turney free ruspoli waiting, you know, essentially saying, look, I eat expects that we trump coming in to office and the fact that the report team met with a Donald that this sec case is gonna wrap up um sooner than later and to find you'll have to pay to find right about a lot of the cases that are none fraught ter gna get drop. So I think guys, twenty twenty five is gonna beautiful. Obviously, black song events can cancel all that.
You know, no one can predict the black one event, but if things go according to what we're seeing here and, uh, the things that are set in motion, bull market, we got our natives. We have our catalysts, right? We got global liquidity.
We gotta change the S, C. C. We get legislation coming me through from congress with a proscriptive president, any programs to congress. Speaking of congress, we get confirmation in pennsylvania that dave mccoy, uh, who believes in crypt to his procyta, has officially won the senate. So the count was finally done.
And, uh they guess what the guy he was running against was the democrats and uh, unfortunate a lot of democrats, whether they were true believer s or not, who are line themselves to Elizabeth warns, dumb, antiquated army. They are feeling the pain. What I ve been telling you guys, what I been saying for months, they're gonna feel IT in the elections, on the polls.
They were playing with fire. They followed Elizabeth warn at her nonsense. And even if you are a democrat and and you know you're not a republican, you involve for trump.
You got to admit that this was an epic failure by the democrats. And i'm an independent. I'm speaking from a neutral standpoint. I these things I agree with democrats with these things I agree with conservatives on right or republicans is on. So this was an all time epic fail.
And the democrats, while they were up against him, other chAllenges in the election, the fact that you went against an entire industry and that industry turned around and spend the most money in the election, talk about an epic grew up and A A lot of democrats are probably pissed off at Elizabeth n right, that you guys can imagine not going to come on and say. But you can imagine that I really passed off and I ve been telling you guys that we were seeing IT on super tuesday and in the primaries and now come the election. The line and share of the Victories went to appropriate to canada, both in the house, in the senate.
So, uh, this is what happens when you do something stupid as go against a neutral technology in an unfairly and unlawfully attack in an industry that is the future of the internet. And we do commerce and much more so well, I hopefully a lot of these folks learn their lessons. And don't get me wrong, not all democrats or entire critter there, many very smart minds who appropriate on the democrats side, Willy, nico row, conor, Richard tourists, I mean Richard tourists, amazing right? He was taking down cancer in many different ways through throughout the years but um unfortunate the amount of clown that aligned themselves with a Elizabeth warn and now feeling IT.
And because of that cloud activity, they can go work at a circus because they followed eliza's warn. Or guys, that's a news let me know you think. Leave your thoughts and comments below. Hit the thumbs up button.
Be sure to grab a copy my book rethinking cyp to and amazon, available in paper back in digital if you bought a copy ready, uh, be sure to leave rating and review also be sure to sign up for my free email moves. Letter on subject is one hundred percent free. Thank you guys for your support. I appreciate you all, and i'll talk to you all later.