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Hey folks, welcome into the Thinking Crypto Podcast, your home
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for cryptocurrency news and interviews. I'm your host, Tony Edward.
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On your way in, please hit that subscribe button as
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well as the thumbs up button and leave a comment below.
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If you're listening on a podcast platform such as Spotify
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or Apple, please be sure to leave a five-star rating
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and follow. All right, folks, let's start with the price
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because Bitcoin is pulling back and it has a lot
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of people worried. Of course, the bears are coming out screaming, saying,
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I told you so. We're going to lower lows and
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all that. But as always, let's not move by our
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emotions and feelings. Let's check those at the door. So
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right now, Bitcoin trading just over $ 82, 000. As I've been
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highlighting for the past week, even before this pullback, the
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MACD on the daily was in control by the bears.
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So we were anticipating some sort of pullback. The question is,
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how low are we going? And it's not that this
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is the end of the bull market because we know
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we've entered back into a bull market. we could see
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20% to 30% corrections along the way up. And it
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won't go up in a straight line. We know this, right?
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But I like to remind people because the emotional part
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takes over and they forget the charts. They forget the
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market principles and fundamentals. So what can we see here, guys?
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And remember... narrative follows price price does not follow narrative
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so when the price is pulling back all of a
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sudden all types of negative stuff starts coming a quantum
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computing and uh the black swan event and iran if
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war with iran and you name it right the narrative
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come starts to come back and negative stuff because a
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lot of the short sellers are trying to get people
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to be scared to sell to not buy. It's the
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same market cycle, but this is where we as educated investors,
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we're not moving by our emotions. We're looking at the charts.
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So on the daily, we're going to see chop. We're
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going to see ranging. We're going to see pullbacks. This
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is all part of it. So right now, the MACD
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is still showing bears are in control. So we could
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potentially go lower or just range a lot, you know,
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chop between 80 to 82,000. And we stay here and
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then break out because the key support level we need
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to hold is 82,800. That's the May high. Right now,
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we are still respecting it, even though we went a
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bit below, but we got to see how the weekly closes, right?
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That's what's important because you can have a lot of
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price fluctuations on the daily throughout the week. That's something
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that happens all the time. Now, here's what one analyst
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is saying. He says, Bitcoin, I doubt we go below
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80K from here. We just retested a 30-day rolling. volume
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weighted average price and price is setting up to reclaim
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the 82,800 level. So Potentially, we bounce off this 30-day
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rolling volume weighted price, as he said, average price, and
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then we bounce and go higher. That is one scenario.
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The other scenario that is very interesting is that this market,
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or I should say Bitcoin, is following the fractal from
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January 2023, where Bitcoin turned a corner out of a
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bear market into a bull market, but had a deep correction.
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It was around the time of the Silicon Valley banking crisis.
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if you guys recall that, and Bitcoin dumped. But it
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didn't go to new lows. It simply went down to
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a support level and then bounced and went higher. So,
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This could potentially be the higher probability scenario playing out
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or the one I mentioned before. So this could be
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potentially the scenario that plays out, but we have to
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let the market do its thing. This is where when
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you have these pullbacks, you just look at buying the dips,
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dollar cost averaging in, right? Because markets can fake us out.
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But the point is, we want to look for the
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opportunities and be patient. So let's see, will Bitcoin continue
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to reflect this fractal? And this fractal takes us down
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to 70K. Now, remember, I've been saying that even in
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a newsletter, we could go down to 70K and we
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would still be in a bull market. Why? It's a
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higher low because the low we hit was in the
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summer at $ 58, 000. Now, we're using Bitcoin as the benchmark
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because we know all coins will follow, right? So right now,
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if you look at the all coin charts, you'll see Ethereum, XRP,
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Solana all have pullback just along with Bitcoin, right? So
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we're using Bitcoin as the measuring stake. So if this
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scenario plays out, just be prepared for 70K, right? And
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around that price point, and then we bounce and we
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go higher. Or, you know, maybe there's a deviation from
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that fractal. And we hold 80k. Once again, we're ranging
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and chopping and a lot of volatility. But we build
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a support level and then we keep going higher because
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that is the key support level we've been talking about.
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I highlighted it in my recent newsletter on Monday. And
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this is where we're going to have to be patient
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and let the market do its thing. But nevertheless, guys,
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we are in a bull market, not because I feel
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like it, not because I I want it to be
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that way, but because we've reclaimed the 200-day moving average,
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the 200-week moving average, the 50-week moving average, right? And
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if we look at the weekly chart, we got that
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bullish divergence that has been playing out beautifully, which helped
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us to recognize the transition from a bear to a
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bull market very early, right? And the MACD on the
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weekly shows the bulls are still in control, despite the
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bears being in control on the daily. So this is
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why the higher timeframe is so important to look at,
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Because if you're looking at the four hour or the daily,
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it can throw you off. But when you, you know,
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as the saying goes, when in doubt, zoom out. So
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the weekly higher time frame still looking very bullish. Even
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the monthly looks bullish. And then we've also been tracking
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the USDT stablecoin dominance, which has been the inverse correlation
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to the bullish divergence on the Bitcoin chart. This is
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a bearish divergence happening on the stablecoin dominance, right? Meaning
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that it's collapsing. and the liquidity is making its way
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into the crypto market. So that right now, in control
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by the bears, and the RSI is not oversold yet.
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So there's still another leg down, which would mean another
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leg up for crypto. So I hope you guys understand
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the yin yang and the inverse there, right? It's pretty
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clear once you understand it and how the market principles
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and cycles and all these things work. So Be patient, guys.
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Expect volatility as always, right? So, and don't forget, in
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a bull market, you can get deep corrections. So don't
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forget that. People often forget and then they run with
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a narrative. Oh my God, quantum computing. Oh my God,
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AI is gonna destroy crypto. Oh my God, this and that.
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It's always the same, right? So just make sure you
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just follow the charts and the data here, which I'm
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trying to share with you. And look, I'm no Wall
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Street trading expert, but I know enough with the market
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fundamentals and the metrics. to understand what's happening and what
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may potentially come next. And of course, follow other analysts.
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I often cite other analysts who do great work. So
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we got to be patient here and let the market
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do its thing. Now, we have more bank adoption of crypto, folks. Yesterday,
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we talked about Wells Fargo is partnering with Kraken's parent
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company for crypto trading liquidity. We've been talking about other
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banks like South Africa's First National Bank launching crypto trading,
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which includes XRP, Solana, Bitcoin, Ethereum. We reported on that
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a couple of days ago. And then just last week, Citibank,
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you know, they expanded their Coinbase partnership to offer stable
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coin payments for businesses. Well, we got news today that
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banking giant Standard Charter to launch crypto custody services for
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institutional clients in Singapore. Guys, we are seeing the global
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adoption of crypto from the banks, the stock exchanges, the
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asset managers, the payment companies, the credit card companies. It
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is amazing what is taking place. So bullish. I'm so
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excited with what's happening because I know all of this
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will lead to more capital coming in, more adoption and
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higher valuations of these tokens and their respective blockchains. Not
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only is Standard Chartered doing this, but we got news
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that Russia's largest bank called Surbank announcing it is preparing
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to launch crypto trading to over 100 million users. So
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the on-ramps being set up by the banks. And if
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you've been following this podcast for years, you know I've
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given the mock scenario over the years, guys, right? Your
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bank will eventually be calling you to offer you crypto
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trading and custody. They're going to do it. Crypto will
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sit right next to the TradFi assets, and eventually those
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TradFi assets will go on-chain. So incredible. The largest institutions
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in the world are adopting crypto. Now, it takes time
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for them to build and roll it all out. So
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this is where the macro view is important. You take
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your positions, you buy the blood on the streets, you
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buy the fear, you buy the dips, and then you
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have that macro view. And don't panic sell. Don't buy
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into pumps and all that. Obviously, if you have an emergency,
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you need to liquidate some of your assets for money.
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You do what you got to do. But the point is,
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you should not be on the emotional roller coaster with
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the whims of the market. Right. You want to do
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be a contrarian. You don't want to follow Jim Cramer
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and mainstream media. You want to buy when everybody's like, oh,
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my gosh, crypto just crashed. It's going to die again. Oh,
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my God, the quantum AI. You want to be loading up,
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backing up the truck and loading up. And then when
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everybody's euphoric, crypto is the greatest thing ever. We're going
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to the moon and all that. That's when you want
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to start exiting. So you see, it's like retraining your
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brain because. The mainstream media and these institutions, they want
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you as exit liquidity. Don't become exit liquidity. Now, a
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lot of people won't understand that. But if you do, man,
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you are on the side of smart money because that's
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how smart money operates. Now, folks, quick word from our sponsor.
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This episode is brought to you by fortis x guys
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but while you're waiting your crypto is just sitting in
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because they keep delivering. The team is public. They've successfully
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sit idle in your wallet. I've worked with FortisX for
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crypto anyway, I genuinely think it's one of the smartest
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ways to put those assets to work. And folks, I
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know security is very important to all of us as
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All right, moving ahead. Big news around Securitize. So Securitize
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brings Apple, Nvidia and Tesla stocks to Solana with the
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New York Stock Exchange trading in the works. Many of
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you know Securitize is the tokenization firm They helped BlackRock
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to launch their tokenized fund, and BlackRock actually invested in them.
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So this is big news. We know stocks, ETFs, mutual funds,
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money market funds, they're all going on chain, right, folks?
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And eventually commodities, you know, the gold, the oil, all
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of it, it's going on chain. We know that. So
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we're seeing the building out of it. So tokenized shares
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in the mega caps will first trade on Securitize's Solana-based
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platform with further plans to expand them to the New
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York Stock Exchange and the OKEx Ice Digital Venues, the
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firm said. This is huge adoption for Solana. But as
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we all know, many of these assets are going to
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live on multiple blockchains. So great for Solana. I hold Solana,
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so I'm happy about this. But we know that these
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tokenized assets are going to be on multiple chains. It's
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not going to be one chain to rule them all.
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So what you want to pay attention to is which
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blockchains are being adopted and hold those respective coins. Obviously,
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you want to look at the tokenomics and all the
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other factors as well. So the new product is called
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Securitize Stocks. We'll initially cover 12 companies, including Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy,
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and Palantir. The firm said on Thursday in a press release.
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So this is really, really great. At first trading of
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these stocks, will be available on Securitize's existing Solana-based platform
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with jump trading providing liquidity and transactions settled in USDC stablecoin. Huge.
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So because of the 24-7 nature, it's hard for it
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to be settled in cash, right? So stablecoins make sense
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because they already trade 24-7. So you're going to see
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a lot of tokenized assets settle in stablecoins and USDC
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getting the adoption. So this is big for Circle. Huge news, guys.
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Just an example of what's to come at a larger scale. Now,
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speaking of stock exchanges, NASDAQ CEO predicts blockchain-based tokenization will
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transform global finance, unleashing tens of billions of dollars in capital.
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So again, we're at the tip of the iceberg and
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the infrastructure is being set up. This is why I
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keep harping on have the macro view. The valuation of
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these blockchains are going to go higher and so will
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their respective tokens, guys. But you got to have the
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macro view. And again, you don't want to be buying
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into pumps. You want to be buying the blood on
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the streets, positioning yourself to have the bigger return. Right.
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No one can time the exact bottom. But in principle,
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don't buy into euphoria and pumps. Buy into the fear
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and the dumps like how the market's correcting here and
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all that. Great opportunity to buy. Now your emotions and
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your psychology from the mainstream media and Jim Cramer and
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all these guys, right? The panicking of the mainstream media
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and all that will say, oh my God, don't do it.
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What if it drops lower? Oh my God, right? But
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you got to ignore that. You got to unlearn that
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and say, okay, I'm going to go through the different
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fundamentals to make sure this is a good investment. And
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because it's pulling back, And, you know, you can look
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at the charts as well. This is a great buying opportunity.
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And then literally, you know, with crypto and another month,
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the asset could be moving higher. And of course, in
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the larger timeframe, it's all going higher, right? Because there's
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also the macro currency debasement factor, which drives all assets higher.
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So hope you guys get what I'm saying here. Now,
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look at this. MasterCard is partnering with SoFi Bank and
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Orbi to launch a crypto linked card to Mexico, letting
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users spend from crypto balances with funds converted to fiat
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at the point of sale. Credit card companies working with
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banks to integrate crypto with credit cards on and off
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ramps being set up. Again, this is an example of
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what's coming at a larger scale. So this is incredible stuff.
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And final news item, EU securities regulator gives crypto platforms
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three months to remove unauthorized stable coins. The ESMA said
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authorized platforms must block new access to stable coins that
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fail to meet the Mika regulation or rules with national
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authorities overseeing existing customer holdings. So we know the EU
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has put forth their crypto legislation, their version of the
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clarity act called Mika, and it covers stable coins. And, uh,
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There's obviously some controversy with Tether stablecoin. So they're looking
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to have certain stablecoins that don't meet their requirements to
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be removed. Now, these rules could change over time. But
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as of right now, they're going to have to do this. And,
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you know, we'll see how it pans out globally as
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other countries put out their regulations. And, you know, we'll see.
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But regardless... Guys, they're not banning anything. They want the
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regulated assets trading and they put forth the rules and
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the guidelines. And, you know, years ago, people used to say, oh,
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the EU, they're going to block everything and China is
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going to do this. And now everybody's opening up. You know,
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we talked a lot about China this week with Hong
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Kong and more. So I'm bullish, guys. I am bullish.
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The governments are on board. The stratified institutions are on board.
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They're integrating blockchain and crypto in many different ways. and
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they're building with it too. So the future of financial markets,
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as I've often said, and governments and economies will all
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run on blockchain rails. Folks, that's the news. Let me
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know what you think. Leave your thoughts and comments below.
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Hit the thumbs up button. Subscribe if you haven't as yet.
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And check out my course at mycryptocourse.com. Folks, thank you
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00:17:32.150 --> 00:17:34.690
so much for tuning in. I appreciate you all. And
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I'll talk to you all later.
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00:00:05.250 --> 00:00:08.310
Hey folks, welcome into the Thinking Crypto Podcast, your home
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00:00:08.410 --> 00:00:12.050
for cryptocurrency news and interviews. I'm your host, Tony Edward.
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00:00:12.369 --> 00:00:14.759
On your way in, please hit that subscribe button as
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00:00:14.779 --> 00:00:17.000
well as the thumbs up button and leave a comment below.
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00:00:17.359 --> 00:00:19.839
If you're listening on a podcast platform such as Spotify
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00:00:19.859 --> 00:00:22.500
or Apple, please be sure to leave a five-star rating
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00:00:22.739 --> 00:00:25.429
and follow. All right, folks, let's start with the price
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00:00:25.510 --> 00:00:28.170
because Bitcoin is pulling back and it has a lot
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of people worried. Of course, the bears are coming out screaming, saying,
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I told you so. We're going to lower lows and
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all that. But as always, let's not move by our
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00:00:37.899 --> 00:00:41.079
emotions and feelings. Let's check those at the door. So
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right now, Bitcoin trading just over $ 82, 000. As I've been
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highlighting for the past week, even before this pullback, the
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00:00:48.100 --> 00:00:51.020
MACD on the daily was in control by the bears.
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So we were anticipating some sort of pullback. The question is,
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how low are we going? And it's not that this
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is the end of the bull market because we know
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we've entered back into a bull market. we could see
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20% to 30% corrections along the way up. And it
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won't go up in a straight line. We know this, right?
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00:01:09.969 --> 00:01:13.269
But I like to remind people because the emotional part
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takes over and they forget the charts. They forget the
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market principles and fundamentals. So what can we see here, guys?
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And remember... narrative follows price price does not follow narrative
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so when the price is pulling back all of a
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sudden all types of negative stuff starts coming a quantum
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computing and uh the black swan event and iran if
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war with iran and you name it right the narrative
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come starts to come back and negative stuff because a
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lot of the short sellers are trying to get people
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to be scared to sell to not buy. It's the
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same market cycle, but this is where we as educated investors,
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we're not moving by our emotions. We're looking at the charts.
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So on the daily, we're going to see chop. We're
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going to see ranging. We're going to see pullbacks. This
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00:01:55.670 --> 00:01:59.129
is all part of it. So right now, the MACD
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00:01:59.170 --> 00:02:01.340
is still showing bears are in control. So we could
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00:02:01.359 --> 00:02:05.620
potentially go lower or just range a lot, you know,
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00:02:05.680 --> 00:02:09.530
chop between 80 to 82,000. And we stay here and
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00:02:09.539 --> 00:02:11.810
then break out because the key support level we need
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to hold is 82,800. That's the May high. Right now,
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we are still respecting it, even though we went a
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00:02:18.810 --> 00:02:21.969
bit below, but we got to see how the weekly closes, right?
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That's what's important because you can have a lot of
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price fluctuations on the daily throughout the week. That's something
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that happens all the time. Now, here's what one analyst
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is saying. He says, Bitcoin, I doubt we go below
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80K from here. We just retested a 30-day rolling. volume
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weighted average price and price is setting up to reclaim
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the 82,800 level. So Potentially, we bounce off this 30-day
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rolling volume weighted price, as he said, average price, and
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then we bounce and go higher. That is one scenario.
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00:02:58.599 --> 00:03:01.860
The other scenario that is very interesting is that this market,
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00:03:02.199 --> 00:03:05.659
or I should say Bitcoin, is following the fractal from
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January 2023, where Bitcoin turned a corner out of a
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00:03:10.039 --> 00:03:13.430
bear market into a bull market, but had a deep correction.
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It was around the time of the Silicon Valley banking crisis.
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if you guys recall that, and Bitcoin dumped. But it
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didn't go to new lows. It simply went down to
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a support level and then bounced and went higher. So,
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This could potentially be the higher probability scenario playing out
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or the one I mentioned before. So this could be
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potentially the scenario that plays out, but we have to
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let the market do its thing. This is where when
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you have these pullbacks, you just look at buying the dips,
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dollar cost averaging in, right? Because markets can fake us out.
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But the point is, we want to look for the
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opportunities and be patient. So let's see, will Bitcoin continue
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to reflect this fractal? And this fractal takes us down
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00:03:55.509 --> 00:03:57.960
to 70K. Now, remember, I've been saying that even in
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00:03:58.020 --> 00:04:00.900
a newsletter, we could go down to 70K and we
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00:04:00.919 --> 00:04:03.080
would still be in a bull market. Why? It's a
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higher low because the low we hit was in the
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00:04:05.800 --> 00:04:09.780
summer at $ 58, 000. Now, we're using Bitcoin as the benchmark
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00:04:09.819 --> 00:04:12.199
because we know all coins will follow, right? So right now,
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if you look at the all coin charts, you'll see Ethereum, XRP,
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00:04:15.060 --> 00:04:19.069
Solana all have pullback just along with Bitcoin, right? So
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00:04:19.110 --> 00:04:21.649
we're using Bitcoin as the measuring stake. So if this
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00:04:21.689 --> 00:04:25.610
scenario plays out, just be prepared for 70K, right? And
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00:04:25.629 --> 00:04:28.290
around that price point, and then we bounce and we
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00:04:28.310 --> 00:04:32.360
go higher. Or, you know, maybe there's a deviation from
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00:04:32.399 --> 00:04:36.660
that fractal. And we hold 80k. Once again, we're ranging
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00:04:36.720 --> 00:04:39.939
and chopping and a lot of volatility. But we build
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00:04:39.980 --> 00:04:42.220
a support level and then we keep going higher because
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00:04:42.279 --> 00:04:44.500
that is the key support level we've been talking about.
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00:04:44.639 --> 00:04:49.069
I highlighted it in my recent newsletter on Monday. And
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00:04:49.589 --> 00:04:50.990
this is where we're going to have to be patient
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and let the market do its thing. But nevertheless, guys,
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00:04:54.089 --> 00:04:57.069
we are in a bull market, not because I feel
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00:04:57.129 --> 00:04:59.329
like it, not because I I want it to be
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00:04:59.370 --> 00:05:02.740
that way, but because we've reclaimed the 200-day moving average,
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00:05:02.980 --> 00:05:06.699
the 200-week moving average, the 50-week moving average, right? And
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00:05:06.779 --> 00:05:09.079
if we look at the weekly chart, we got that
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00:05:09.139 --> 00:05:12.839
bullish divergence that has been playing out beautifully, which helped
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00:05:12.899 --> 00:05:15.500
us to recognize the transition from a bear to a
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00:05:15.560 --> 00:05:18.769
bull market very early, right? And the MACD on the
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00:05:18.810 --> 00:05:22.329
weekly shows the bulls are still in control, despite the
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00:05:22.350 --> 00:05:24.829
bears being in control on the daily. So this is
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00:05:24.889 --> 00:05:27.279
why the higher timeframe is so important to look at,
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00:05:27.689 --> 00:05:31.149
Because if you're looking at the four hour or the daily,
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00:05:31.509 --> 00:05:34.160
it can throw you off. But when you, you know,
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00:05:34.180 --> 00:05:36.579
as the saying goes, when in doubt, zoom out. So
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00:05:36.620 --> 00:05:40.699
the weekly higher time frame still looking very bullish. Even
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00:05:40.740 --> 00:05:43.579
the monthly looks bullish. And then we've also been tracking
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00:05:43.980 --> 00:05:48.540
the USDT stablecoin dominance, which has been the inverse correlation
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00:05:48.639 --> 00:05:51.860
to the bullish divergence on the Bitcoin chart. This is
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00:05:52.120 --> 00:05:56.050
a bearish divergence happening on the stablecoin dominance, right? Meaning
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00:05:56.089 --> 00:05:59.120
that it's collapsing. and the liquidity is making its way
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00:05:59.139 --> 00:06:02.720
into the crypto market. So that right now, in control
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00:06:02.759 --> 00:06:06.000
by the bears, and the RSI is not oversold yet.
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00:06:06.019 --> 00:06:09.339
So there's still another leg down, which would mean another
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00:06:09.420 --> 00:06:11.800
leg up for crypto. So I hope you guys understand
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the yin yang and the inverse there, right? It's pretty
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00:06:15.620 --> 00:06:19.209
clear once you understand it and how the market principles
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00:06:19.269 --> 00:06:22.459
and cycles and all these things work. So Be patient, guys.
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Expect volatility as always, right? So, and don't forget, in
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00:06:26.980 --> 00:06:30.459
a bull market, you can get deep corrections. So don't
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00:06:30.579 --> 00:06:33.459
forget that. People often forget and then they run with
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00:06:33.500 --> 00:06:37.009
a narrative. Oh my God, quantum computing. Oh my God,
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00:06:37.110 --> 00:06:40.310
AI is gonna destroy crypto. Oh my God, this and that.
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00:06:41.069 --> 00:06:44.769
It's always the same, right? So just make sure you
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00:06:44.810 --> 00:06:47.009
just follow the charts and the data here, which I'm
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00:06:47.050 --> 00:06:49.449
trying to share with you. And look, I'm no Wall
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00:06:49.509 --> 00:06:53.209
Street trading expert, but I know enough with the market
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fundamentals and the metrics. to understand what's happening and what
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may potentially come next. And of course, follow other analysts.
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I often cite other analysts who do great work. So
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we got to be patient here and let the market
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do its thing. Now, we have more bank adoption of crypto, folks. Yesterday,
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we talked about Wells Fargo is partnering with Kraken's parent
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company for crypto trading liquidity. We've been talking about other
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banks like South Africa's First National Bank launching crypto trading,
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which includes XRP, Solana, Bitcoin, Ethereum. We reported on that
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a couple of days ago. And then just last week, Citibank,
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you know, they expanded their Coinbase partnership to offer stable
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00:07:34.310 --> 00:07:37.120
coin payments for businesses. Well, we got news today that
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banking giant Standard Charter to launch crypto custody services for
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institutional clients in Singapore. Guys, we are seeing the global
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adoption of crypto from the banks, the stock exchanges, the
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asset managers, the payment companies, the credit card companies. It
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is amazing what is taking place. So bullish. I'm so
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excited with what's happening because I know all of this
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will lead to more capital coming in, more adoption and
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higher valuations of these tokens and their respective blockchains. Not
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00:08:08.910 --> 00:08:11.350
only is Standard Chartered doing this, but we got news
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00:08:11.389 --> 00:08:16.040
that Russia's largest bank called Surbank announcing it is preparing
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to launch crypto trading to over 100 million users. So
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00:08:19.850 --> 00:08:22.529
the on-ramps being set up by the banks. And if
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00:08:22.550 --> 00:08:24.870
you've been following this podcast for years, you know I've
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00:08:24.910 --> 00:08:27.600
given the mock scenario over the years, guys, right? Your
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00:08:27.720 --> 00:08:31.720
bank will eventually be calling you to offer you crypto
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trading and custody. They're going to do it. Crypto will
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sit right next to the TradFi assets, and eventually those
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TradFi assets will go on-chain. So incredible. The largest institutions
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in the world are adopting crypto. Now, it takes time
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for them to build and roll it all out. So
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this is where the macro view is important. You take
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your positions, you buy the blood on the streets, you
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buy the fear, you buy the dips, and then you
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have that macro view. And don't panic sell. Don't buy
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into pumps and all that. Obviously, if you have an emergency,
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you need to liquidate some of your assets for money.
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You do what you got to do. But the point is,
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you should not be on the emotional roller coaster with
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the whims of the market. Right. You want to do
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be a contrarian. You don't want to follow Jim Cramer
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and mainstream media. You want to buy when everybody's like, oh,
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my gosh, crypto just crashed. It's going to die again. Oh,
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my God, the quantum AI. You want to be loading up,
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backing up the truck and loading up. And then when
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everybody's euphoric, crypto is the greatest thing ever. We're going
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to the moon and all that. That's when you want
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to start exiting. So you see, it's like retraining your
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brain because. The mainstream media and these institutions, they want
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you as exit liquidity. Don't become exit liquidity. Now, a
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lot of people won't understand that. But if you do, man,
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you are on the side of smart money because that's
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how smart money operates. Now, folks, quick word from our sponsor.
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All right, moving ahead. Big news around Securitize. So Securitize
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brings Apple, Nvidia and Tesla stocks to Solana with the
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New York Stock Exchange trading in the works. Many of
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you know Securitize is the tokenization firm They helped BlackRock
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to launch their tokenized fund, and BlackRock actually invested in them.
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So this is big news. We know stocks, ETFs, mutual funds,
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money market funds, they're all going on chain, right, folks?
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And eventually commodities, you know, the gold, the oil, all
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of it, it's going on chain. We know that. So
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we're seeing the building out of it. So tokenized shares
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in the mega caps will first trade on Securitize's Solana-based
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platform with further plans to expand them to the New
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York Stock Exchange and the OKEx Ice Digital Venues, the
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firm said. This is huge adoption for Solana. But as
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we all know, many of these assets are going to
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live on multiple blockchains. So great for Solana. I hold Solana,
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so I'm happy about this. But we know that these
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tokenized assets are going to be on multiple chains. It's
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not going to be one chain to rule them all.
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So what you want to pay attention to is which
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blockchains are being adopted and hold those respective coins. Obviously,
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you want to look at the tokenomics and all the
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other factors as well. So the new product is called
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Securitize Stocks. We'll initially cover 12 companies, including Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy,
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and Palantir. The firm said on Thursday in a press release.
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So this is really, really great. At first trading of
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these stocks, will be available on Securitize's existing Solana-based platform
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with jump trading providing liquidity and transactions settled in USDC stablecoin. Huge.
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So because of the 24-7 nature, it's hard for it
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to be settled in cash, right? So stablecoins make sense
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because they already trade 24-7. So you're going to see
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a lot of tokenized assets settle in stablecoins and USDC
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getting the adoption. So this is big for Circle. Huge news, guys.
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Just an example of what's to come at a larger scale. Now,
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speaking of stock exchanges, NASDAQ CEO predicts blockchain-based tokenization will
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transform global finance, unleashing tens of billions of dollars in capital.
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So again, we're at the tip of the iceberg and
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the infrastructure is being set up. This is why I
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keep harping on have the macro view. The valuation of
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these blockchains are going to go higher and so will
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their respective tokens, guys. But you got to have the
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macro view. And again, you don't want to be buying
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into pumps. You want to be buying the blood on
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the streets, positioning yourself to have the bigger return. Right.
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No one can time the exact bottom. But in principle,
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don't buy into euphoria and pumps. Buy into the fear
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and the dumps like how the market's correcting here and
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all that. Great opportunity to buy. Now your emotions and
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your psychology from the mainstream media and Jim Cramer and
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all these guys, right? The panicking of the mainstream media
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and all that will say, oh my God, don't do it.
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What if it drops lower? Oh my God, right? But
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you got to ignore that. You got to unlearn that
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and say, okay, I'm going to go through the different
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fundamentals to make sure this is a good investment. And
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because it's pulling back, And, you know, you can look
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at the charts as well. This is a great buying opportunity.
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And then literally, you know, with crypto and another month,
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the asset could be moving higher. And of course, in
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the larger timeframe, it's all going higher, right? Because there's
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also the macro currency debasement factor, which drives all assets higher.
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So hope you guys get what I'm saying here. Now,
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look at this. MasterCard is partnering with SoFi Bank and
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Orbi to launch a crypto linked card to Mexico, letting
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users spend from crypto balances with funds converted to fiat
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at the point of sale. Credit card companies working with
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banks to integrate crypto with credit cards on and off
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ramps being set up. Again, this is an example of
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what's coming at a larger scale. So this is incredible stuff.
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And final news item, EU securities regulator gives crypto platforms
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three months to remove unauthorized stable coins. The ESMA said
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authorized platforms must block new access to stable coins that
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fail to meet the Mika regulation or rules with national
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authorities overseeing existing customer holdings. So we know the EU
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has put forth their crypto legislation, their version of the
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clarity act called Mika, and it covers stable coins. And, uh,
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There's obviously some controversy with Tether stablecoin. So they're looking
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to have certain stablecoins that don't meet their requirements to
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be removed. Now, these rules could change over time. But
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as of right now, they're going to have to do this. And,
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you know, we'll see how it pans out globally as
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other countries put out their regulations. And, you know, we'll see.
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But regardless... Guys, they're not banning anything. They want the
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regulated assets trading and they put forth the rules and
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the guidelines. And, you know, years ago, people used to say, oh,
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the EU, they're going to block everything and China is
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going to do this. And now everybody's opening up. You know,
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we talked a lot about China this week with Hong
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Kong and more. So I'm bullish, guys. I am bullish.
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The governments are on board. The stratified institutions are on board.
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They're integrating blockchain and crypto in many different ways. and
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they're building with it too. So the future of financial markets,
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as I've often said, and governments and economies will all
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run on blockchain rails. Folks, that's the news. Let me
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know what you think. Leave your thoughts and comments below.
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Hit the thumbs up button. Subscribe if you haven't as yet.
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And check out my course at mycryptocourse.com. Folks, thank you
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so much for tuning in. I appreciate you all. And
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I'll talk to you all later.
