BITCOIN PULLSBACK! $70K NEXT? MAJOR BANKS ADOPTING CRYPTO & SECURITIZE TOKENIZED STOCKS ON SOLANA!

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1:00Hey folks, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host Tony Edward. On your way in, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please be sure to leave a five-star rating and follow. Alright folks, let's start with the price because Bitcoin is pulling back and it has a lot of people worried. Of course, the bearers are coming out screaming saying, I told you so, we're going to lower lows and all that. But as always, let's not move by our emotions and feelings. Let's check those at the door. So right now, Bitcoin trading just over $82,000. As I've been highlighting for the past week, even before this pullback, the Mac the on the daily was in control by the bears. So we were anticipating some sort of pullback. The question is, how low are we going? And it's not that this is the end of the bull market because we know we've entered back into a bull market.

2:03We could see 20 to 30% corrections along the way up and it won't go up in a straight line. We notice, right? But we I like to remind people because the emotional part takes over and they forget the charts. They forget the market principles and fundamentals. So what can we see here guys? And remember, narrative follows price. Price does not follow narrative. So when the prices pull back all of a sudden, all types of negative stuff starts coming up quantum computing and the blacks one event. And if war with Iran and you name it, right? The narrative comes, started to come back and negative stuff because a lot of the short sellers are trying to get people to be scared to sell to not buy. It's the same market cycle. But this is where we as educated investors, we're not moving by our emotions. We're looking at the charts. So on the daily, we're going to see chop. We're going to see ranging. We're going to see pullbacks. This is all part of it. So right now, the Mac D is still showing bears are in control. So we could potentially go lower or just range a lot.

3:05You know, chop between 80 to 82,000 and we stay here and then break out because the key support level we need to hold is 82,800. That's the May high. Right now, we are still respecting it, even though we went a bit below. But we got to see how the weekly closes, right? That's what's important because you can have a lot of price fluctuations on the daily throughout the week. That's, you know, something that happens all the time. Now, here's what one analyst is saying. He says, Bitcoin, I doubt we go below 80 K from here. We just retested a 30 day rolling volume weighted average price. And price is setting up to reclaim the 82,800 level. So potentially, we bounce off this 30 day rolling volume weighted price as he said, your average price. And then we bounce and go higher. That is one scenario. The other scenario that is very interesting is that this market, or I should say Bitcoin is following the fractal from January 2023,

4:08where Bitcoin turned a corner out of a bear market into a bull market, but had a deep correction. It was around the time of the Silicon Valley banking crisis. If you guys recall that and Bitcoin dumped, but it didn't go to new lows. It simply went down to a support level and then bounce and went higher. So this could potentially be the higher probability scenario playing out or the one I mentioned before. So this could be potentially the scenario that plays out, but we have to let the market do its thing. This is where when you have these pullbacks, you just look at buying the dips, dollar costs averaging in, right? Because markets can fake us out, but the point is we want to look for the opportunities and be patient. So let's see, will Bitcoin continue to reflect this fractal and this fractal takes us down to 70K? Now, I remember I've been saying that even in the newsletter, we could go down to 70K. And we would still be in a bull market. Why? It's a higher low because the low we hit was in the summer at $58,000.

5:08Now, we're using Bitcoin as the benchmark because we know all coins will follow, right? So right now, if you look at the all coin charts, you'll see Ethereum, XRP, it's a lot of all have pullback just along with Bitcoin, right? So we're using Bitcoin as the measuring stake. So if this scenario plays out, just be prepared for 70K and around that price point. And then we bounce and we go higher or maybe there's a deviation from that fractal. And we hold 80K. Once again, we're ranging and chopping and a lot of volatility, but we build a support level. And then we keep going higher because that is the key support level we've been talking about. I highlighted it in my recent newsletter on Monday. And this is where we're going to have to be patient and let the market do its thing. But nevertheless, guys, we are in a bull market, not because I feel like it, not because I wanted to be that way, but because we've reclaimed a 200 day moving average, the 200 week moving average, the 50 week moving average, right? And if we look at the weekly chart, we got that bullish divergence that has been playing out beautifully,

6:12which helped us to recognize the transition from a bear to a bull market very early, right? And the MACD on the weekly shows the bulls are still in control, despite the bears being in control on the daily. So this is why to hire time frame is so important to look at. Because if you're looking at the four hour or the daily, it can throw you off. But when you, you know, as the saying goes, when in doubt, zoom out. So the weekly, higher time frame still looking very bullish, even the monthly looks bullish. And then we've also been tracking the USDT stablecoin dominance, which has been the inverse correlation to the bullish divergence on the Bitcoin chart. This is a bearish divergence happening on the stablecoin dominance, right? Meaning that it's collapsing and the liquidity is making its way into the crypto market. So that it right now in control by the bears and the RSI is not oversold yet. So there's still another leg down, which would mean another leg up for crypto. So I hope you guys understand the yin yang and the inverse there, right?

7:15It's pretty clear once you understand it and how the market principles and cycles and all these things work. So be patient guys, expect volatility as always, right? So and don't forget any bull market. You can get deep corrections. So don't forget that people often forget and then they run with a narrative. Oh my god, quantum computing. Oh my god, AI is going to destroy crypto. Oh my god, this and that is always the same. Right. So just make sure you just follow the charts and the data here, which I'm trying to share with you. And look, I'm I'm the Wall Street trading expert, but I know enough with the market fundamentals and the metrics to understand what's happening and what may potentially come next. And of course, follow other analysts. You know, I often cite other analysts who do great work. So we got to be patient here and let the market do its thing. Now we have more bank adoption of crypto folks yesterday. We talked about Wells Fargo is partnering with Kraken's parent company for crypto trading liquidity.

8:19We've been talking about other banks like South Africa's first national bank launching crypto trading, which includes XRP. So a lot of Bitcoin ethereum. We reported it on that a couple days ago. And then just last week, city bank, you know, they expanded their Coinbase partnership to offer stablecoin payments for businesses. Well, we got news today that banking giant standard charter to launch crypto custody services for institutional clients. In Singapore guys, we are seeing the global adoption of crypto from the banks, the stock exchanges, the asset managers, the payment companies, the credit card companies. It is amazing. What is taking place so bullish. I'm so excited with what's happening because I know all of this will lead to more capital coming in more adoption and higher valuations of these tokens and their respective blockchains. Not only is standard charter doing this, but we got news that Russia's largest bank called Sir Bank announcing it is preparing to launch crypto trading to over 100 million users.

9:19So the on rams being set up by the banks. And if you've been following this podcast for years, you know, I've given the mock scenario over the years guys, right? Your bank will eventually be calling you to offer you crypto trading and custody. They're going to do it crypto will sit right next to the tradify assets and eventually those tradify assets will go on chain. So incredible. The largest institutions in the world are adopting crypto. Blackouts, empty shelves, rising prices, the world is unpredictable. That's why my family is prepared with a three month survival food kit from four Patriots. And right now you'll get two bonus months absolutely free. Hardy shelf stable meals that last up to 25 years, hand packed right in the USA. When disaster hits, I won't control not chaos. Take action today. Get your three month survival food kit plus two months free at four Patriots.com before this deal is gone. Innovation has always kept the world moving forward, but it also comes with risk.

10:21As technology and AI evolve, Axe XL is facing into risk as a leading global insurer. We constantly push the boundaries to protect your data and network from cyber risks. Axe XL facing into risk for a future to be imagined. This advertisement doesn't constitute an offer or solicitation, not a description of any products or services of Axe XL. Blackouts, empty shelves, rising prices, the world is unpredictable. That's why my family is prepared with a three month survival food kit from four Patriots. And right now you'll get two bonus months absolutely free. Hardy shelf stable meals that last up to 25 years, hand packed right in the USA. When disaster hits, I won't control not chaos. Take action today. Get your three month survival food kit plus two months free at four Patriots.com before this deal is gone. Now it takes time for them to build and roll it all out. So this is where the macro view is important.

11:22You take your positions, you buy the blood industry, you buy to fear, you buy the dips and then you have that macro view. And don't panic sell, don't buy into pumps and all that. Obviously, if you have an emergency, you need to liquidate some of your assets for money. You do what you got to do. But the point is you should not be on the emotional roller coaster with the whims of the market, right? You want to do it be a contrarian. You don't want to follow Jim Kramer in mainstream media. You want to buy when everybody's like, oh my gosh, crypto just crashed. It's going to die again. Oh my god, the quantum. Hey, you want to be loading up backing up the truck and loading up. And then when everybody's you for a crypto is the greatest thing ever. We're going to the moon and all that. That's when you just want to start exiting. So you see, it's like retraining your brain because the mainstream media and these institutions, they want you as exit liquidity. Don't become exit liquidity. Now, a lot of people want to understand that. But if you do, man, you are on the side of smart money because that's how smart money operates.

12:24Now folks, quick word from our sponsor. This episode is brought to you by Fortis X. Guys, let's be honest, the crypto market has been moving sideways for a while now. A lot of people are just sitting on their coins waiting for the next big move. But while you're waiting, your crypto is just sitting in your wallet doing absolutely nothing. That's why I want to mention one of my long time partners, Fortis X. Instead of just letting your assets sit idle, you can put supported cryptocurrencies into Fortis X liquidity pools and earn daily rewards while still keeping the flexibility to withdraw whenever you want. One of the reasons I've continued working with them is because they keep delivering. The team is public. They've successfully completed cyber scope team verification KYC pass independent security audits and the platform has been building consistently for years. They've focused on long term growth, transparency and security rather than hype. In a market like this, it makes far more sense to have your crypto working for you instead of letting it sit idle in your wallet.

13:29I've worked with Fortis X for a long time. If you're planning to hold your crypto anyway, I genuinely think it's one of the smartest ways to put those assets to work. Folks, I know security is very important to all of us as we hold our crypto assets and they are fully audited by SirTik and they are SEC registered and much more. You've got to check out Fortis X. Go to Fortis X.5 slash X slash thinking crypto link will be in the description. Moving ahead, big news around security. Securitize brings Apple, Nvidia and Tesla stocks to Solana with the New York Stock Exchange trading in the works. Many of you know security is the tokenization firm. They help BlackRock to launch their tokenized fund and BlackRock invested in them. This is big news. We know stocks, ETFs, mutual funds, money market funds, they are all going on chain. Folks, eventually commodities, the gold, the oil, all of it, it's going on chain. We know that. So we're seeing the building out of it. So tokenized shares in the mega caps will first trade on securitize is Solana based platform would further plans to expand them to the New York Stock Exchange and the OKX ICE digital venues.

14:36The firm said this is huge adoption for Solana. But as we all know, many of these assets are going to live on multiple blockchains. So great for Solana. I hold Solana. So I'm happy about this. But we know that these tokenized assets are going to be on multiple chains. It's not going to be one chain to rule them all. So what you want to pay attention to is which blockchains are being adopted and hold those respective coins. Obviously you want to look at the tokenomics and all the other factors as well. So the new product is called securitized stocks will initially cover 12 companies, including Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir. The firm said on Thursday, they press release. So this is really, really great. At first trading of these stocks will be available on securitize is existing Solana based platform would jump trading, providing liquidity and transactions settled in US DC stablecoin. Huge. So because of the 24.7 nature, it's hard for it to be settled in cash.

15:40Right. So stable coins make sense because they already trade 24.7. So you're going to see a lot of tokenized assets settle in stable coins and USDC getting the adoption. So this is big for a circle. Huge news guys, just an example of what's to come at a larger scale. Now, speaking of stock exchanges, NASDAQ CEO predicts blockchain based tokenization will transform global finance unleashing tens of billions of dollars in capital. So again, we're at the Tipiti iceberg and the infrastructure is being set up. This is why keep harping on have the macro view, the valuation of these blockchains are going to go higher and so will their respective tokens guys, but you got to have the macro view. And again, you don't want to be buying into pumps. You want to be buying the blood on the streets, positioning yourself to have the bigger return. Right. No one can time the exact bottom. But in principle, don't buy into euphoria and pumps buy into the fear and the dumps like how the markets correcting here and all that great opportunity to buy.

16:42Now, your emotions and your psychology from the mainstream media and Jim Kramer and all these guys, right, the panicking of the mainstream media and all that will say, oh my God, don't do it. What if it drops Laura? Oh my God, right. But you got to ignore that. You got to unlearn that and say, okay, I'm going to go through to different fundamentals and make sure this is a good investment. And because it's pulling back and now, you know, you can look at the charts as well. This is the great buying opportunity. And then literally, you know, with crypto and another month, the asset could be moving higher. And of course, in the larger time frame, it's all going higher, right, because there's also the macro currency, the basement factor, which drives all assets higher. So hope you guys get what I'm saying here. Now, look at this master card is partnering with SoFi bank and or be to launch a crypto linked card to Mexico, letting users spend from crypto balances with funds converted to fiat at the point of sale.

17:45Credit card companies working with banks to integrate crypto with credit cards on and off rounds being set up. Again, this is an example of what's coming at a larger scale. So this is incredible stuff. And final lose item, EU securities regulator gives crypto platforms three months to remove unauthorized stablecoins. The ESMA said authorized platforms must block new access to stablecoins that fail to meet the Mika regulation or rules with national authorities overseeing existing customer holdings. So we know the EU has put forth their crypto legislation, their version of the clarity act called Mika and he covers stablecoins. And there's obviously some controversy with tether stablecoin. So they're looking to have certain stablecoins that don't meet their requirements to be removed. Now, these rules could change over time. But as of right now, they're going to have to do this. And you know, we'll see how it pans out globally as other countries put out their regulations.

18:45And you know, we'll see. But regardless, guys, they're not banning anything. They want the regulated assets trading and they put forth the rules and the guidelines and, you know, years ago, people used to say, oh, they're going to block everything and China is going to do this. And now everybody's opening up. We talked a lot about China this week with Hong Kong and more. So I'm bullish, guys. I am bullish. The governments are on board to track fine. So two shouldn't zero on board. They're integrating blockchain and crypto in many different ways and they're building with it too. So the future financial markets, as I've often said, and governments and economies will all run on blockchain rails. Folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button. Subscribe if you haven't as yet. Please support the podcast by subscribing to my free email newsletter. It is 100% free. It's on sub stack. I put out a writeout every week. So check it out. Again, it's packed with tons of charts and knowledge and it's free.

19:46Doesn't cost you anything. I don't spam. I don't send multiple emails per day. So it's just one update per week. So be sure to check it out. Grab a copy of my book on Amazon. It's available in paperback and digital and check out my course at my crypto course.com. Folks, thank you so much for tuning in. I appreciate you all and I'll talk to you all later. Innovation has always kept the world moving forward, but it also comes with risk. As technology and AI evolve, AXA XL is facing into risk. As a leading global insurer, we constantly push the boundaries to protect your data and network from cyber risks. AXA XL facing into risk for a future to be imagined. This advertisement doesn't constitute an offer or solicitation,

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