🚨BITCOIN HITS $97K, NEXT TARGET REVEALED! SENATE STABLECOIN BILL VOTE, SEC DROPS PAYPAL PYUSD CASE!
Thinking Crypto
[{'start': '0.000', 'end': '4.080', 'text': 'Bitcoin hits $97,000 what is the next target?'}, {'start': '4.240', 'end': '7.120', 'text': 'I want to share that with you and what is the local top'}, {'start': '7.120', 'end': '11.020', 'text': 'target for Q2 as this will help drive all coins into'}, {'start': '11.020', 'end': '15.740', 'text': 'another bull rally and a US senator is ready to vote on the'}, {'start': '15.740', 'end': '20.040', 'text': 'stable coin bill This is huge news and the SEC has dropped'}, {'start': '20.040', 'end': '25.120', 'text': "its case against PayPal for its stable coin PY USD I'll"}, {'start': '25.120', 'end': '26.040', 'text': 'give you all the details.'}, {'start': '26.140', 'end': '32.420', 'text': "Let's get into it Hey everybody,"}, {'start': '32.780', 'end': '35.240', 'text': 'welcome into the thinking crypto podcast your home for'}, {'start': '35.240', 'end': '38.440', 'text': "cryptocurrency news and interviews I'm your host Tony"}, {'start': '38.440', 'end': '41.380', 'text': 'Edward on your way in please hit that subscribe button as'}, {'start': '41.380', 'end': '44.340', 'text': 'well as the thumbs up button and leave a comment below If'}, {'start': '44.340', 'end': '46.940', 'text': "you're listening on a podcast platform such as Spotify or"}, {'start': '46.940', 'end': '47.300', 'text': 'Apple,'}, {'start': '47.340', 'end': '50.940', 'text': 'please leave a five-star rating and review folks We have to'}, {'start': '50.940', 'end': '53.540', 'text': 'talk about the price of Bitcoin because as you all know'}, {'start': '53.540', 'end': '57.120', 'text': 'Bitcoin leads the market and the altcoins follow and as'}, {'start': '57.120', 'end': '60.980', 'text': "we've been discussing over the past month or so Bitcoin has"}, {'start': '60.980', 'end': '62.460', 'text': 'broken out from its bottom.'}, {'start': '62.880', 'end': '66.080', 'text': "It has cleared a 200-day moving average and it's building"}, {'start': '66.080', 'end': '68.800', 'text': "support levels It's looking very strong here."}, {'start': '68.800', 'end': '72.180', 'text': 'The daily RSI still has some room to run.'}, {'start': '72.180', 'end': '74.720', 'text': 'It is approaching the oversold zone So,'}, {'start': '74.740', 'end': '78.240', 'text': 'of course expect pullbacks as always nothing goes up in a'}, {'start': '78.240', 'end': '78.900', 'text': 'straight line,'}, {'start': '78.900', 'end': '83.120', 'text': 'but this looks very good and Bitcoin touch $97,000'}, {'start': '83.120', 'end': '86.540', 'text': 'at the time of recording it is at ninety six thousand nine'}, {'start': '86.540', 'end': '89.100', 'text': 'hundred and six dollars And when we look at the weekly'}, {'start': '89.100', 'end': '89.400', 'text': 'chart,'}, {'start': '89.560', 'end': '92.880', 'text': 'we get more bullish confirmation so in the weekly chart We'}, {'start': '92.880', 'end': '96.860', 'text': 'see a breakout of the weekly RSI and the MACD is about to'}, {'start': '96.860', 'end': '100.680', 'text': 'flip bullish where the bears have been losing momentum The'}, {'start': '100.680', 'end': '104.040', 'text': 'red candles have been getting lighter and smaller and what'}, {'start': '104.040', 'end': '106.780', 'text': "we've seen historically that then flips to green candles"}, {'start': '106.780', 'end': '108.500', 'text': 'And you see a very strong rally.'}, {'start': '108.560', 'end': '112.420', 'text': 'So this setup is looking really good so what is our next'}, {'start': '112.420', 'end': '114.860', 'text': "target because remember we're not going to go up in a"}, {'start': '114.860', 'end': '117.740', 'text': 'straight line there will be pullbacks and Different'}, {'start': '117.740', 'end': '119.980', 'text': 'analysts are highlighting that the next target is about'}, {'start': '120.000', 'end': '121.800', 'text': 'about $106,000.'}, {'start': '121.800', 'end': '124.660', 'text': 'So the first target was $96,000.'}, {'start': '124.720', 'end': '125.980', 'text': 'We clearly broke that.'}, {'start': '126.140', 'end': '126.960', 'text': "We've touched 97."}, {'start': '127.440', 'end': '131.160', 'text': "So we're gonna move up to 106,000."}, {'start': '131.400', 'end': '133.740', 'text': 'And then for a local top, which, you know,'}, {'start': '133.820', 'end': '136.380', 'text': "this big rally that's gonna take place, I believe,"}, {'start': '136.880', 'end': '138.620', 'text': 'in this month into June,'}, {'start': '139.020', 'end': '142.360', 'text': 'that could take us to about 130,000.'}, {'start': '142.440', 'end': '144.760', 'text': 'So maybe between 125 to 130.'}, {'start': '145.380', 'end': '146.900', 'text': 'Maybe it overshoots it a bit.'}, {'start': '147.020', 'end': '148.100', 'text': "We'll have to wait and see."}, {'start': '148.100', 'end': '151.940', 'text': "But we'll have to see how the timeline plays out here"}, {'start': '151.940', 'end': '154.720', 'text': 'because typically you see selling may go away.'}, {'start': '154.820', 'end': '158.380', 'text': 'That may not happen at this time around because we have'}, {'start': '158.380', 'end': '161.360', 'text': 'this big massive correction due to the tariffs,'}, {'start': '161.600', 'end': '163.880', 'text': 'a lot of fear in the markets, the stock market, crypto,'}, {'start': '164.000', 'end': '165.020', 'text': 'everything sold off.'}, {'start': '165.540', 'end': '169.080', 'text': 'So could we see this timeline push forward a bit?'}, {'start': '169.180', 'end': '169.920', 'text': "It's possible."}, {'start': '169.920', 'end': '172.020', 'text': 'So just be prepared for any scenario.'}, {'start': '172.480', 'end': '175.340', 'text': 'Personally, I have my cash out plan with my price target.'}, {'start': '175.340', 'end': '178.900', 'text': 'So as soon as Bitcoin hits 120K, profit-taking.'}, {'start': '179.000', 'end': '183.720', 'text': 'Is going to commence 130k again profit taking is going to'}, {'start': '183.720', 'end': '185.960', 'text': "commence and so on and so forth and i'm doing this for all"}, {'start': '185.960', 'end': '189.540', 'text': 'coins So as you all know as bitcoin has its rally the'}, {'start': '189.540', 'end': '192.720', 'text': "liquidity will start flowing to eth xrp salona They're"}, {'start': '192.720', 'end': '196.700', 'text': 'going to start pumping again Just like we saw in q4 of last'}, {'start': '196.700', 'end': '199.220', 'text': "year same thing's going to happen We have not seen a"}, {'start': '199.220', 'end': '201.880', 'text': 'deviation from this even though people like to say oh this'}, {'start': '201.880', 'end': '203.120', 'text': 'all coined that all coin No,'}, {'start': '203.380', 'end': '206.500', 'text': 'bitcoin leads the market and this is not about feelings or'}, {'start': '206.500', 'end': '207.760', 'text': 'emotions or bias.'}, {'start': '207.800', 'end': '211.140', 'text': "It's about the data What has it shown us and that is"}, {'start': '211.140', 'end': '213.940', 'text': 'bitcoin leads the market and the liquidity starts to be'}, {'start': '213.940', 'end': '218.340', 'text': 'rotated down to the all coins so Expect that this month'}, {'start': '218.340', 'end': '219.120', 'text': 'going to june.'}, {'start': '219.140', 'end': '222.520', 'text': "We're going to see some very positive things now Is this"}, {'start': '222.520', 'end': '225.700', 'text': 'guaranteed is this a certainty of course not no one has a'}, {'start': '225.700', 'end': '228.020', 'text': "crystal ball But based on what we're seeing on the charts"}, {'start': '228.020', 'end': '231.600', 'text': 'based on the data We are seeing a setup here for another'}, {'start': '231.600', 'end': '234.560', 'text': 'big rally could there be another black swan event that'}, {'start': '234.560', 'end': '237.580', 'text': 'stops all this of course But I think the higher probability'}, {'start': '237.580', 'end': '241.040', 'text': 'is that we see the bull rally because we kind of had a'}, {'start': '241.040', 'end': '243.820', 'text': 'pseudo black swan with the tariff news All markets'}, {'start': '243.820', 'end': '246.640', 'text': 'corrected significantly So I think that was your'}, {'start': '246.640', 'end': '249.660', 'text': 'significant correction here and that the markets now'}, {'start': '249.660', 'end': '252.600', 'text': "There's only one direction for them to go and that is up"}, {'start': '252.600', 'end': '255.440', 'text': "because they've bottomed out and you see the stock market"}, {'start': '255.440', 'end': '258.899', 'text': "is also moving up And that's a very good sign."}, {'start': '258.899', 'end': '264.840', 'text': 'So the smp 500 the nasdaq The dow jones all seeing a'}, {'start': '264.840', 'end': '265.640', 'text': 'recovery here.'}, {'start': '265.780', 'end': '269.500', 'text': "This is very very good So let's be patient and watch this"}, {'start': '269.500', 'end': '272.620', 'text': 'play out now folks We have some very big news coming out of'}, {'start': '272.620', 'end': '277.160', 'text': 'this senate and that is the us senate moves towards action'}, {'start': '277.160', 'end': '281.480', 'text': 'on stablecoin bill So many of you know senator haggerty'}, {'start': '281.480', 'end': '282.240', 'text': 'bill haggerty.'}, {'start': '282.240', 'end': '286.300', 'text': "He introduced the genius act in the senate It's a version"}, {'start': '286.300', 'end': '287.880', 'text': 'of what was introduced in the house,'}, {'start': '287.880', 'end': '291.180', 'text': 'which is the stable act And of course both the house and'}, {'start': '291.180', 'end': '293.980', 'text': "the senate have to pass a version the senate's version."}, {'start': '293.980', 'end': '297.920', 'text': "Of course is what's going to make it to The president for"}, {'start': '297.920', 'end': '298.340', 'text': 'signatures.'}, {'start': '298.380', 'end': '301.660', 'text': 'So this process to this, but the ball is rolling here,'}, {'start': '301.860', 'end': '301.920', 'text': 'guys.'}, {'start': '302.200', 'end': '304.560', 'text': 'And if you caught my interview with Congressman Tom Emmer'}, {'start': '304.560', 'end': '305.420', 'text': 'this week,'}, {'start': '305.500', 'end': '308.760', 'text': "he talked a bit about what's going to come up next and much"}, {'start': '308.760', 'end': '309.080', 'text': 'more.'}, {'start': '309.540', 'end': '311.960', 'text': "So let me give you the details here and who's the senator"}, {'start': '311.960', 'end': '313.340', 'text': 'that is doing this.'}, {'start': '313.700', 'end': '315.900', 'text': 'So Senate Majority Leader John Toon,'}, {'start': '316.120', 'end': '317.560', 'text': 'a South Dakota Republican,'}, {'start': '317.660', 'end': '320.560', 'text': 'started the ball rolling to fast track the guiding and'}, {'start': '320.560', 'end': '322.920', 'text': 'establishing national innovation for the U.S.'}, {'start': '323.020', 'end': '324.400', 'text': 'Stablecoins, the Genius Act,'}, {'start': '324.400', 'end': '328.020', 'text': "which is the Senate's version of two similar bills rolling"}, {'start': '328.020', 'end': '329.620', 'text': 'through both chambers of Congress.'}, {'start': '330.140', 'end': '332.980', 'text': 'The House of Representatives is expected to follow closely'}, {'start': '332.980', 'end': '334.580', 'text': 'behind on its own voting.'}, {'start': '334.940', 'end': '337.940', 'text': "Toon's move to expedite the bill is meant to..."}, {'start': '338.000', 'end': '342.000', 'text': 'to limit delays and floor action in order to get it done'}, {'start': '342.000', 'end': '342.800', 'text': 'more quickly.'}, {'start': '343.380', 'end': '346.520', 'text': "It's so far unclear precisely when the Senate vote will"}, {'start': '346.520', 'end': '346.880', 'text': 'happen,'}, {'start': '347.140', 'end': '349.980', 'text': 'but an earlier vote on the effort in the Senate Banking'}, {'start': '349.980', 'end': '353.860', 'text': 'Committee had approved it with a wide bipartisan majority'}, {'start': '353.860', 'end': '355.240', 'text': 'of 18 to six.'}, {'start': '355.400', 'end': '358.180', 'text': 'The House Financial Services Committee also advanced a'}, {'start': '358.180', 'end': '359.620', 'text': 'similar bill in April.'}, {'start': '360.660', 'end': '361.300', 'text': "Here's a quote,"}, {'start': '361.680', 'end': '364.760', 'text': 'I look forward to passing the Genius Act in short order to'}, {'start': '364.760', 'end': '366.960', 'text': 'keep digital asset innovation in America,'}, {'start': '366.960', 'end': '370.020', 'text': 'protect consumers and make sure foreign companies are'}, {'start': '370.020', 'end': '372.640', 'text': 'playing by the same rules that Senator Bill Haggerty,'}, {'start': '372.760', 'end': '375.420', 'text': 'the Tennessee Republican who authored the bill in a'}, {'start': '375.420', 'end': '378.080', 'text': "statement, it's also backed by Senator Tim Scott,"}, {'start': '378.240', 'end': '380.220', 'text': 'the chairman of the Senate Banking Committee.'}, {'start': '380.880', 'end': '381.440', 'text': 'So folks,'}, {'start': '381.740', 'end': '384.940', 'text': 'we know President Trump gave the mandate that Congress'}, {'start': '384.940', 'end': '387.920', 'text': 'needs to get both the stable coin and market structure bill'}, {'start': '387.920', 'end': '390.320', 'text': 'to his desk before the August recess,'}, {'start': '390.420', 'end': '391.540', 'text': 'because he wants to sign this.'}, {'start': '392.100', 'end': '395.200', 'text': "And we see the balls rolling here folks, so we're in Q2,"}, {'start': '395.260', 'end': '396.560', 'text': 'so they got to get this going.'}, {'start': '397.460', 'end': '400.620', 'text': "They've got, I think up until July, maybe to get this done."}, {'start': '400.820', 'end': '402.780', 'text': 'And I would think early July,'}, {'start': '402.780', 'end': '404.120', 'text': 'because as we get into the summer,'}, {'start': '404.220', 'end': '405.880', 'text': 'things become harder to get done.'}, {'start': '406.380', 'end': '407.960', 'text': 'But this is very bullish.'}, {'start': '408.460', 'end': '410.680', 'text': 'If we get stable coin legislation passed,'}, {'start': '411.320', 'end': '412.600', 'text': "the stable coin market's gonna boom."}, {'start': '412.780', 'end': '416.200', 'text': 'I think we could hit a trillion dollars by the end of this'}, {'start': '416.200', 'end': '418.460', 'text': 'year, honestly, if they get it passed soon enough,'}, {'start': '418.460', 'end': '421.020', 'text': 'because we saw different bank CEOs,'}, {'start': '421.240', 'end': '423.460', 'text': "like Bank of America's CEOs said they are ready to launch a"}, {'start': '423.460', 'end': '426.280', 'text': 'stable coin once Congress passes legislation.'}, {'start': '427.140', 'end': '429.580', 'text': 'And you can imagine the existing stable coin issuers are'}, {'start': '429.580', 'end': '430.280', 'text': 'gonna go ham,'}, {'start': '430.560', 'end': '433.760', 'text': "they're gonna ramp up significantly because everybody's in"}, {'start': '433.760', 'end': '434.720', 'text': 'a competition now.'}, {'start': '435.040', 'end': '436.800', 'text': 'But once the rules are clear,'}, {'start': '437.020', 'end': '439.860', 'text': "they're gonna be able to innovate without any type of red"}, {'start': '439.860', 'end': '440.960', 'text': 'tape and nonsense,'}, {'start': '441.400', 'end': '444.440', 'text': 'kind of what we experienced on the Gary Gensler and'}, {'start': '444.440', 'end': '446.140', 'text': 'Elizabeth Warren over the past four years.'}, {'start': '446.440', 'end': '448.820', 'text': 'So this is huge, very, very bullish.'}, {'start': '449.520', 'end': '450.600', 'text': 'And speaking of stable coins,'}, {'start': '450.600', 'end': '454.220', 'text': "the SEC ditches PayPal's PYUSD probe,"}, {'start': '454.460', 'end': '457.480', 'text': 'removing key regulatory hurdle for its stable coin.'}, {'start': '458.000', 'end': '461.220', 'text': 'Even know PayPal the payment giant they launched their own'}, {'start': '461.220', 'end': '464.020', 'text': 'stable coin PY USD They issued it on the etherium'}, {'start': '464.020', 'end': '468.040', 'text': "blockchain and they've been trying to make inroads in"}, {'start': '468.040', 'end': '471.220', 'text': 'different industries with their stable coin But of course'}, {'start': '471.220', 'end': '472.940', 'text': 'under Gary Gensler,'}, {'start': '472.940', 'end': '476.260', 'text': 'they were attacked in a sense that they were getting'}, {'start': '476.260', 'end': '480.100', 'text': 'investigated But this is getting dropped as with other'}, {'start': '480.100', 'end': '481.560', 'text': 'enforcement actions and lawsuits.'}, {'start': '481.580', 'end': '485.340', 'text': 'The SEC has been dropping so really really big stuff here'}, {'start': '485.340', 'end': '489.960', 'text': 'and PayPal obviously a huge company and just this week I'}, {'start': '489.960', 'end': '492.820', 'text': 'reported to you guys that their competitors so to speak'}, {'start': '492.820', 'end': '496.760', 'text': 'like MasterCard and Visa are also integrating stable coins'}, {'start': '496.760', 'end': '500.200', 'text': 'and expanding as well So the competition is heating up and'}, {'start': '500.200', 'end': '500.980', 'text': 'this is really great.'}, {'start': '501.340', 'end': '504.520', 'text': "So here's a quote In November, 2023,"}, {'start': '504.800', 'end': '507.720', 'text': 'we received a subpoena from the US SEC division of'}, {'start': '507.720', 'end': '511.040', 'text': "enforcement relating to PayPal's USD stablecoin."}, {'start': '511.120', 'end': '513.940', 'text': 'The subpoena requested the production of documents.'}, {'start': '514.320', 'end': '515.480', 'text': 'In February, 2025,'}, {'start': '515.780', 'end': '519.539', 'text': 'the SEC communicated it was closing this inquiry without'}, {'start': '519.539', 'end': '520.700', 'text': 'enforcement action.'}, {'start': '520.960', 'end': '522.500', 'text': 'PayPal disclosed this week in a filing.'}, {'start': '523.080', 'end': '524.460', 'text': 'Great news here.'}, {'start': '524.800', 'end': '525.080', 'text': 'And you know,'}, {'start': '525.080', 'end': '528.240', 'text': 'the folks at PayPal are gonna go crazy and start innovating'}, {'start': '528.240', 'end': '531.620', 'text': 'and expanding and huge partnerships are gonna probably be'}, {'start': '531.620', 'end': '532.400', 'text': 'coming down the line.'}, {'start': '532.400', 'end': '533.700', 'text': "We're gonna hear some big news."}, {'start': '533.700', 'end': '536.640', 'text': 'So just great news all around folks.'}, {'start': '536.640', 'end': '539.900', 'text': 'I think this is all gonna set us up for the move to new all'}, {'start': '539.900', 'end': '542.700', 'text': '-time highs this year and a blow off top, honestly,'}, {'start': '542.840', 'end': '545.080', 'text': 'because the runway is being cleared for takeoff.'}, {'start': '545.840', 'end': '548.060', 'text': 'Folks, quick word from our sponsor and that is Trezor.'}, {'start': '548.180', 'end': '551.520', 'text': 'Trezor makes beautiful hardware wallets that make it easy'}, {'start': '551.520', 'end': '553.560', 'text': 'for you to safely store your crypto.'}, {'start': '553.980', 'end': '555.000', 'text': "I'm a user of Trezor,"}, {'start': '555.040', 'end': '559.660', 'text': 'I have a Trezor 5 device and Trezor was the first to create'}, {'start': '559.660', 'end': '560.360', 'text': 'hardware wallets.'}, {'start': '560.360', 'end': '562.420', 'text': "They've been at this since 2013."}, {'start': '563.060', 'end': '565.880', 'text': 'They created the seed phrase password setup,'}, {'start': '565.880', 'end': '568.820', 'text': 'which many of us are familiar with and they support a'}, {'start': '568.820', 'end': '571.960', 'text': 'variety of tokens, all your top tokens, Bitcoin, XRP,'}, {'start': '572.100', 'end': '573.680', 'text': 'Ethereum, Solana and much more.'}, {'start': '573.760', 'end': '577.240', 'text': 'They include even new tokens that are issued by'}, {'start': '577.240', 'end': '580.020', 'text': "institutional investors, such as BlackRock's Biddle token."}, {'start': '580.280', 'end': '583.140', 'text': 'The list goes on and on and they have a great software'}, {'start': '583.140', 'end': '586.840', 'text': 'program called Trezor Suite that helps you to manage your'}, {'start': '586.840', 'end': '588.160', 'text': 'tokens and much more.'}, {'start': '588.300', 'end': '589.480', 'text': "It's really easy to use."}, {'start': '589.480', 'end': '591.220', 'text': 'And they also have a great service,'}, {'start': '591.440', 'end': '594.080', 'text': 'an onboarding service that you can purchase to help you get'}, {'start': '594.080', 'end': '596.700', 'text': 'onboarded as quick as 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{'start': '621.480', 'end': '622.480', 'text': 'This is really interesting.'}, {'start': '622.680', 'end': '622.980', 'text': 'And just to...'}, {'start': '623.000', 'end': '623.940', 'text': 'sign of the times.'}, {'start': '624.440', 'end': '624.740', 'text': 'U.S.'}, {'start': '625.020', 'end': '628.040', 'text': 'Congressman pitches crypto ATMs in federal government'}, {'start': '628.040', 'end': '628.680', 'text': 'buildings.'}, {'start': '629.800', 'end': '632.940', 'text': 'Texas Republican Lance Gooden suggested that the agency'}, {'start': '632.940', 'end': '634.920', 'text': 'that runs office space,'}, {'start': '635.260', 'end': '637.900', 'text': 'that installing ATMs will help align the government with'}, {'start': '637.900', 'end': '638.920', 'text': "Trump's crypto push."}, {'start': '639.340', 'end': '641.920', 'text': "Now there's a bit of optics here, you know,"}, {'start': '642.080', 'end': '643.580', 'text': 'some grandstanding, so to speak,'}, {'start': '643.720', 'end': '646.960', 'text': 'but it also just shows the environment is so different from'}, {'start': '646.960', 'end': '648.580', 'text': 'what it was under Biden, right?'}, {'start': '648.580', 'end': '651.440', 'text': 'They were attacking crypto from every angle,'}, {'start': '651.440', 'end': '653.540', 'text': 'and now the government is embracing crypto,'}, {'start': '653.860', 'end': '656.820', 'text': "and they're looking to build with blockchain and much more."}, {'start': '657.160', 'end': '658.960', 'text': 'So this is really, really interesting.'}, {'start': '659.540', 'end': '660.600', 'text': 'You know, take it for what it is.'}, {'start': '660.740', 'end': '663.140', 'text': "I don't think this will necessarily happen, right,"}, {'start': '663.160', 'end': '665.080', 'text': 'to put something like this in government buildings,'}, {'start': '665.100', 'end': '669.460', 'text': "but I think it's not so much the idea as it is the"}, {'start': '669.460', 'end': '671.660', 'text': 'sentiment and how that has changed.'}, {'start': '672.180', 'end': '674.400', 'text': "Now, President Trump's World Liberty Financial,"}, {'start': '674.680', 'end': '677.840', 'text': 'their stable coin, which they issued called USD1,'}, {'start': '678.140', 'end': '683.000', 'text': "will be used to close MGX's $2 billion Binance investment."}, {'start': '683.280', 'end': '684.720', 'text': 'This is according to Eric Trump.'}, {'start': '685.580', 'end': '686.440', 'text': 'So many of you know,'}, {'start': '686.640', 'end': '688.840', 'text': "I've been talking a lot about Trump and crypto,"}, {'start': '689.060', 'end': '692.100', 'text': "and the only thing I don't agree with is the meme coin,"}, {'start': '692.280', 'end': '694.920', 'text': 'but his kids getting involved in building these businesses,'}, {'start': '695.120', 'end': '696.220', 'text': "I don't have a problem with that."}, {'start': '696.700', 'end': '697.960', 'text': "Honestly, they're free to do that."}, {'start': '698.380', 'end': '700.640', 'text': "So this is interesting that they're doing this."}, {'start': '700.640', 'end': '703.520', 'text': 'So USD1 will integrate with the Tron ecosystem,'}, {'start': '704.120', 'end': '706.100', 'text': 'supported by billionaire Justin Sun.'}, {'start': '706.920', 'end': '710.280', 'text': 'World Liberty Financial aims to make USD1 one of the most'}, {'start': '710.280', 'end': '713.540', 'text': 'transparent and regulated stablecoins backed by short-term'}, {'start': '713.540', 'end': '715.280', 'text': 'treasury and cash equivalents.'}, {'start': '716.140', 'end': '718.480', 'text': 'So very, very interesting move here.'}, {'start': '718.780', 'end': '720.300', 'text': 'And if you read between the lines here,'}, {'start': '720.660', 'end': '722.940', 'text': 'regardless of if you love or hate Trump,'}, {'start': '723.020', 'end': '724.680', 'text': "because there's people on both sides, right?"}, {'start': '725.500', 'end': '726.340', 'text': "I'm more neutral."}, {'start': '726.620', 'end': '729.920', 'text': "I don't worship any politicians or support politicians like"}, {'start': '729.920', 'end': '730.100', 'text': 'that.'}, {'start': '730.100', 'end': '731.040', 'text': 'Obviously I vote.'}, {'start': '731.780', 'end': '734.760', 'text': 'Obviously I care about certain issues and things like that'}, {'start': '734.760', 'end': '735.360', 'text': 'in politics.'}, {'start': '735.900', 'end': '738.460', 'text': 'But if you just step back and look at this from a neutral'}, {'start': '738.460', 'end': '739.040', 'text': 'standpoint,'}, {'start': '740.200', 'end': '742.840', 'text': 'Eric Trump and the Trump family would not be investing in'}, {'start': '742.840', 'end': '745.340', 'text': "this stuff or building with it if they didn't know what was"}, {'start': '745.340', 'end': '745.700', 'text': 'coming.'}, {'start': '746.400', 'end': '748.180', 'text': 'I think they know, I think they see,'}, {'start': '748.380', 'end': '750.900', 'text': "and they're taking a bet because they realize this is the"}, {'start': '750.900', 'end': '751.220', 'text': 'future.'}, {'start': '751.840', 'end': '754.160', 'text': 'So I hope you recognize this.'}, {'start': '754.260', 'end': '755.780', 'text': "Don't get blinded by politics now,"}, {'start': '755.800', 'end': '759.000', 'text': 'but just look at it on its face as far as adoption that'}, {'start': '759.000', 'end': '761.660', 'text': 'these people are taking the time to do this.'}, {'start': '761.860', 'end': '765.100', 'text': "They're not just supporting it and helping to get the"}, {'start': '765.100', 'end': '765.920', 'text': 'legislation through.'}, {'start': '766.660', 'end': '768.360', 'text': "They're building with it."}, {'start': '768.980', 'end': '771.740', 'text': "And that should tell you what's coming, right?"}, {'start': '771.820', 'end': '773.360', 'text': 'Because you know Trump and his family,'}, {'start': '773.500', 'end': '774.520', 'text': "they're all about making money."}, {'start': '774.960', 'end': '776.680', 'text': "And I'm not saying there's anything wrong with that,"}, {'start': '776.840', 'end': '781.120', 'text': 'but clearly, clearly they see opportunity here.'}, {'start': '781.540', 'end': '783.780', 'text': "I hope you do as well if you're still on the fence."}, {'start': '784.140', 'end': '786.400', 'text': 'Now moving ahead, everything is encrypted.'}, {'start': '786.400', 'end': '790.480', 'text': "Aztec's privacy roll-up hits testnet amid growing demand."}, {'start': '792.000', 'end': '796.120', 'text': "Aztec's roll-up is a layer two on ethereum and this has"}, {'start': '796.120', 'end': '799.620', 'text': 'been a solution that has been eight years in development.'}, {'start': '800.760', 'end': '804.480', 'text': 'So institutions obviously are looking for more privacy when'}, {'start': '804.480', 'end': '807.200', 'text': "they use public blockchains because they've learned that"}, {'start': '807.200', 'end': '809.380', 'text': "when they use private blockchains, it doesn't work."}, {'start': '809.480', 'end': '810.060', 'text': "It's not the same."}, {'start': '810.180', 'end': '810.920', 'text': 'They tried to do it.'}, {'start': '811.060', 'end': '813.160', 'text': 'JP Morgan, Quorum blockchain, JPM coin.'}, {'start': '813.380', 'end': '814.620', 'text': 'Nobody trusts that, right?'}, {'start': '814.940', 'end': '817.100', 'text': 'But if you put it on a public blockchain that is'}, {'start': '817.100', 'end': '819.920', 'text': "decentralized and it's more transparent,"}, {'start': '819.920', 'end': '822.180', 'text': 'you can get a lot more adoption,'}, {'start': '822.380', 'end': '825.560', 'text': 'but there are certain data, customer data,'}, {'start': '825.640', 'end': '828.380', 'text': "proprietary data that you don't want everybody in the world"}, {'start': '828.380', 'end': '828.800', 'text': 'to see.'}, {'start': '829.000', 'end': '829.240', 'text': 'Obviously,'}, {'start': '829.260', 'end': '831.780', 'text': "if you're a bank or certain type of financial institution,"}, {'start': '832.240', 'end': '834.180', 'text': 'you want to have some sort of privacy.'}, {'start': '835.240', 'end': '837.900', 'text': 'So Aztec, a layer two roll-up focus on privacy,'}, {'start': '838.020', 'end': '841.060', 'text': 'shared Thursday that its testnet has finally gone live.'}, {'start': '841.540', 'end': '844.380', 'text': 'The announcement comes as a wave of new privacy-focused'}, {'start': '844.380', 'end': '847.900', 'text': 'solutions begin to capture interest from large institutions'}, {'start': '847.900', 'end': '852.020', 'text': 'who need confidentiality with large transaction batches,'}, {'start': '852.460', 'end': '855.820', 'text': 'the team behind Aztec said they have been working on its'}, {'start': '855.820', 'end': '857.260', 'text': 'solution for over eight years,'}, {'start': '857.380', 'end': '860.120', 'text': 'bringing the cutting edge technology one step closer to'}, {'start': '860.120', 'end': '860.500', 'text': 'mainnet.'}, {'start': '860.980', 'end': '864.500', 'text': 'So this could be another big narrative for Ethereum,'}, {'start': '865.160', 'end': '868.680', 'text': 'which has been really suffering this cycle and'}, {'start': '868.680', 'end': '869.380', 'text': 'underperforming.'}, {'start': '869.380', 'end': '873.700', 'text': 'But the combination of these type of updates and upgrades'}, {'start': '873.700', 'end': '877.470', 'text': 'on the Ethereum layer one plus staking to the ETFs could'}, {'start': '877.470', 'end': '880.590', 'text': 'help ETH rally and catch up this bull market.'}, {'start': '880.890', 'end': '884.770', 'text': 'I honestly think these items can play a big factor in'}, {'start': '884.770', 'end': '885.910', 'text': 'helping ETH to rally.'}, {'start': '886.470', 'end': '890.430', 'text': 'So layer two networks have appeared en masse in the'}, {'start': '890.430', 'end': '893.810', 'text': 'Ethereum space over the past few years and are seen as a'}, {'start': '893.810', 'end': '896.970', 'text': 'faster and cheaper alternative to transacting on the'}, {'start': '896.970', 'end': '897.850', 'text': 'Ethereum protocol.'}, {'start': '898.070', 'end': '901.370', 'text': 'But Aztec will have to give up elements of that in order to'}, {'start': '901.370', 'end': '904.730', 'text': 'preserve its mission of being privacy preserving as well as'}, {'start': '904.730', 'end': '905.270', 'text': 'decentralized.'}, {'start': '906.050', 'end': '908.090', 'text': "So it's not going to be as decentralized as some of these"}, {'start': '908.090', 'end': '908.910', 'text': 'other layer twos,'}, {'start': '909.150', 'end': '911.030', 'text': "and it's not going to have the same speed."}, {'start': '911.470', 'end': '913.330', 'text': "But it's not going to be as slow, I think,"}, {'start': '913.350', 'end': '915.130', 'text': 'as the layer one of Ethereum.'}, {'start': '915.250', 'end': '916.810', 'text': 'But institutions, you know,'}, {'start': '916.990', 'end': '919.590', 'text': "they want to privacy and they're going to want security."}, {'start': '919.710', 'end': '923.970', 'text': 'And sometimes the fastest is not always the most secure and'}, {'start': '923.970', 'end': '924.830', 'text': 'the most trusted.'}, {'start': '924.990', 'end': '928.870', 'text': 'Look at Solana and its speed that it has.'}, {'start': '929.110', 'end': '930.810', 'text': 'I mean, it blows Ethereum out of the water,'}, {'start': '930.810', 'end': '933.210', 'text': 'but it has a lot of downtime.'}, {'start': '933.710', 'end': '935.790', 'text': 'So, you know, look, we are still early.'}, {'start': '935.990', 'end': '938.670', 'text': "There's going to be iterations for many of these"}, {'start': '938.670', 'end': '940.510', 'text': "blockchains and we'll see who the winners are."}, {'start': '941.010', 'end': '944.110', 'text': "But they're going to continue to fine tune and build"}, {'start': '944.110', 'end': '946.570', 'text': 'version twos and threes of their blockchains,'}, {'start': '946.570', 'end': '947.410', 'text': 'which will be better.'}, {'start': '948.230', 'end': '949.210', 'text': 'And, you know,'}, {'start': '949.250', 'end': '951.490', 'text': "hopefully they're able to fix the bugs and the issues."}, {'start': '951.510', 'end': '953.970', 'text': "But I think the fact that they're building for institutions"}, {'start': '953.970', 'end': '955.430', 'text': 'is incredibly bullish.'}, {'start': '955.650', 'end': '956.970', 'text': "I mean, it's amazing."}, {'start': '957.350', 'end': '958.290', 'text': 'And Aztec,'}, {'start': '958.290', 'end': '963.750', 'text': 'they had raised $100 million in a series B in 2022 led by'}, {'start': '963.750', 'end': '965.510', 'text': 'A16Z, so Andreita and Howard.'}, {'start': '966.010', 'end': '967.890', 'text': 'So incredible stuff here, guys.'}, {'start': '968.390', 'end': '969.710', 'text': 'Very bullish for Ethereum.'}, {'start': '970.000', 'end': '972.200', 'text': 'and the adoption, because look, Ethereum,'}, {'start': '972.420', 'end': '975.320', 'text': 'despite its challenges, it is getting a lot of adoption.'}, {'start': '976.180', 'end': '977.340', 'text': 'I just talked about earlier,'}, {'start': '977.460', 'end': '980.540', 'text': "PayPal's stablecoin was launched on Ethereum,"}, {'start': '980.840', 'end': '984.300', 'text': "BlackRock's tokenized one on Ethereum, and much more."}, {'start': '984.640', 'end': '987.120', 'text': 'So this is why I hold ETH in my portfolio,'}, {'start': '987.140', 'end': '988.520', 'text': "and I'm bullish on it long term."}, {'start': '989.100', 'end': '989.440', 'text': 'Now, folks,'}, {'start': '989.780', 'end': '993.500', 'text': "Mike Novogratz's Galaxy Digital will be listed on the"}, {'start': '993.500', 'end': '994.840', 'text': 'NASDAQ on May 16.'}, {'start': '995.480', 'end': '998.900', 'text': 'So I had told you guys that they are looking to go public,'}, {'start': '999.040', 'end': '1000.940', 'text': "and it looks like they're going to be doing it this month."}, {'start': '1001.440', 'end': '1005.100', 'text': "So we're seeing more and more crypto companies are going"}, {'start': '1005.100', 'end': '1009.240', 'text': 'public, and Galaxy is actually public in Canada,'}, {'start': '1009.600', 'end': '1011.220', 'text': 'and I believe on the Toronto Stock Exchange,'}, {'start': '1011.500', 'end': '1015.000', 'text': 'but going live on the New York Stock Exchange is a big'}, {'start': '1015.000', 'end': '1018.920', 'text': "moment because of what we've been facing in the crypto"}, {'start': '1018.920', 'end': '1020.380', 'text': 'industry over the past four years.'}, {'start': '1020.680', 'end': '1022.340', 'text': 'Things are really opening up now,'}, {'start': '1022.540', 'end': '1025.819', 'text': 'and Galaxy Digital is a very large crypto investment firm.'}, {'start': '1026.200', 'end': '1027.680', 'text': 'So this is really big.'}, {'start': '1027.940', 'end': '1028.720', 'text': 'All right, moving ahead.'}, {'start': '1029.000', 'end': '1030.740', 'text': "Michael Saylor's strategy,"}, {'start': '1031.540', 'end': '1035.240', 'text': 'they are looking to raise $84 billion to purchase more'}, {'start': '1035.240', 'end': '1035.740', 'text': 'Bitcoin.'}, {'start': '1037.619', 'end': '1039.099', 'text': 'This is wild.'}, {'start': '1039.920', 'end': '1044.440', 'text': "Guys, I don't have a problem with Saylor or strategy."}, {'start': '1044.660', 'end': '1045.640', 'text': "I've said that many times."}, {'start': '1046.060', 'end': '1047.220', 'text': 'I wish them the very best.'}, {'start': '1047.760', 'end': '1050.120', 'text': "And I've often said, I hope nothing bad happens,"}, {'start': '1050.120', 'end': '1052.380', 'text': 'but the amount of leverage concerns me.'}, {'start': '1052.900', 'end': '1054.640', 'text': 'How far will they take this?'}, {'start': '1054.840', 'end': '1056.560', 'text': 'How much debt are they going to raise?'}, {'start': '1057.580', 'end': '1058.240', 'text': 'You know,'}, {'start': '1058.260', 'end': '1062.740', 'text': "we've seen Bitcoin enters bear markets and much more."}, {'start': '1062.900', 'end': '1063.940', 'text': 'You never know what could happen.'}, {'start': '1064.060', 'end': '1067.520', 'text': 'And look at this, because of the tariff pullback strategy,'}, {'start': '1067.520', 'end': '1072.060', 'text': 'they actually posted a Q1 loss on the Bitcoin price'}, {'start': '1072.060', 'end': '1072.560', 'text': 'decline.'}, {'start': '1073.300', 'end': '1076.700', 'text': 'So you see, it just takes, you know,'}, {'start': '1076.740', 'end': '1079.840', 'text': 'a significant crash to put them in trouble.'}, {'start': '1080.420', 'end': '1082.600', 'text': "I'm not saying I want them to be in trouble and I hope"}, {'start': '1082.600', 'end': '1083.600', 'text': 'everything works out.'}, {'start': '1083.620', 'end': '1086.120', 'text': 'But the amount of leverage worries me, man.'}, {'start': '1087.220', 'end': '1088.260', 'text': 'And I hope it pays off.'}, {'start': '1088.300', 'end': '1088.460', 'text': 'Look,'}, {'start': '1088.580', 'end': '1091.400', 'text': 'because the United States is looking to establish a strategic'}, {'start': '1091.400', 'end': '1092.320', 'text': 'Bitcoin reserve,'}, {'start': '1093.260', 'end': '1095.360', 'text': 'BlackRock and all the Wall Street firms are buying.'}, {'start': '1095.380', 'end': '1098.700', 'text': 'You got governments around the world that are mining and'}, {'start': '1098.700', 'end': '1099.460', 'text': 'buying as well.'}, {'start': '1099.740', 'end': '1101.560', 'text': "So maybe it'll work out and, you know,"}, {'start': '1101.620', 'end': '1102.420', 'text': "it won't be an issue."}, {'start': '1102.860', 'end': '1105.160', 'text': 'But the leverage really, really concerns me.'}, {'start': '1105.580', 'end': '1108.260', 'text': 'As a student of history and financial history,'}, {'start': '1108.680', 'end': '1109.500', 'text': "we've seen it."}, {'start': '1109.700', 'end': '1116.260', 'text': 'You build up these tranches of debt and leverage and you'}, {'start': '1116.260', 'end': '1118.340', 'text': 'never know what could happen and it could cause a major'}, {'start': '1118.340', 'end': '1118.680', 'text': 'collapse.'}, {'start': '1119.020', 'end': '1119.640', 'text': 'But anyway,'}, {'start': '1119.740', 'end': '1123.080', 'text': "this is why I'm taking profits so that if anything does"}, {'start': '1123.080', 'end': '1124.440', 'text': "happen, I'm okay."}, {'start': '1124.640', 'end': '1127.380', 'text': 'I walk away from the bull market with my money in my'}, {'start': '1127.380', 'end': '1128.260', 'text': 'pocket, I should say.'}, {'start': '1128.780', 'end': '1130.720', 'text': 'So hopefully everything goes okay.'}, {'start': '1130.840', 'end': '1133.140', 'text': "And let's see how far sailor is going to take this."}, {'start': '1133.560', 'end': '1134.980', 'text': 'Is this something that could go on forever?'}, {'start': '1135.100', 'end': '1137.920', 'text': "I don't think so, but we'll have to wait and see."}, {'start': '1138.240', 'end': '1139.480', 'text': 'Time will tell folks.'}, {'start': '1139.640', 'end': '1140.020', 'text': "That's the news."}, {'start': '1140.180', 'end': '1140.780', 'text': 'Let me know what you think.'}, {'start': '1140.900', 'end': '1142.060', 'text': 'Leave your thoughts and comments below.'}, {'start': '1142.180', 'end': '1143.160', 'text': 'Hit the thumbs up button.'}, {'start': '1143.400', 'end': '1145.900', 'text': 'A great way you can support me in the podcast is by'}, {'start': '1145.900', 'end': '1148.660', 'text': 'subscribing to my free email newsletter on sub stack.'}, {'start': '1149.000', 'end': '1150.840', 'text': 'put out a newsletter today.'}, {'start': '1151.040', 'end': '1152.160', 'text': 'So be sure to check that 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'1176.700', 'text': 'innovators, institutional investors, and much more.'}, {'start': '1176.760', 'end': '1178.640', 'text': 'So it includes videos, text write ups,'}, {'start': '1179.100', 'end': '1181.000', 'text': 'downloadable materials, and much more.'}, {'start': '1181.440', 'end': '1184.340', 'text': "So if you'd like to learn more, go to mycryptocourse.com."}, {'start': '1184.760', 'end': '1185.980', 'text': 'Folks, thank you for watching and listening.'}, {'start': '1186.120', 'end': '1188.880', 'text': "I appreciate you all and I'll talk to you all later."}]