Bitcoin's Huge Pump! Is the Crypto Bull Market Back? SEC & CFTC Crypto Guidance & TradFi Adoption!

**Tony Edward** (0:00)
They said they might use nearly 1 trillion dollars from the Treasury General Account to fund bond buybacks. So this is like stealth quantitative easing, as I would like to call it.
It looks like, and I've been saying this for a year now, that Trump is not going to go into the midterms with the markets and the dumps. They're going to pump the markets.

**Amanda** (0:20)
Isn't that interesting how it always happens right around the elections?

**Tony Edward** (0:29)
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**Amanda** (2:09)
Great to see you too.

**Tony Edward** (2:10)
Amanda, the markets are looking really good. Bitcoin this morning crossed $79,000. It's been rallying since last week, up over 30%.
Things are looking pretty good here.

**Amanda** (2:22)
Yeah, that's, I mean, we know there was a major short squeeze.
Billions in shorts were liquidated, but ETF flows also picked up, which tells me there's actual buying underneath the squeeze. So I think this is interesting. I don't want to go right ahead and say this is a bull market that we're in, but the ingredients are certainly there.

**Tony Edward** (2:41)
Absolutely. And that's rightly said. We don't want to jump ahead too much and say, we're officially back in a bull market because markets can always fake us out. We've seen markets rally and then dump because of some negative news. So we're waiting for more confirmation for the charts and the technicals and all these things to show us what's the path forward. But this is a great start. This is what you want to see if we are turning that curve coming out of the bear market bottom back into a bull market.

**Amanda** (3:10)
Yeah. If Bitcoin can hold these levels without another wave of forced buying, I think that tells us a lot more too. But the 80k level feels psychologically important.
I think we should also watch whether retail starts coming back. Right now, this still feels much more institutional. So we just got to wait and see.

**Tony Edward** (3:31)
Yeah. And usually the retail, they follow a lot of the altcoins. A lot of them are more so altcoin holders than bitcoin holders. So I think if altcoins start to perform well, you'll start to see that retail crowd come back in. But again, we still got ways to go. And we do see some life from the altcoins. But if they really start outperforming bitcoin, then I think you're going to see retail wake up.

**Amanda** (3:54)
Yeah. And remember too, we haven't even gotten back to the old highs yet that we used. So we'll see where this go. Hopefully, we can get back there if not exceed it.

**Tony Edward** (4:04)
Yeah. And a huge narrative that's kind of pushing people towards crypto as well as gold, which has been rallying. There's news that the Treasury is continuing to do debt buybacks. And even this morning, US Treasury Scott Besson, I can't believe I'm reading this, but they said they might use nearly one trillion dollars from the Treasury general account to fund bond buybacks. So this is like stealth quantitative easing, as I would like to call it.