SHOCKING! US BANKS TO LAUNCH THEIR OWN BLOCKCHAIN & STABLECOINS! BLACKROCK'S BIG BITCOIN ETF CHANGE!

**Tony Edward** (0:04)
Hey 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 a 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 follow and leave a five-star rating. Alright folks, let's quickly take a look at the charts, because Bitcoin has cooled down a bit. Right now, it's trading just over $79,000.
As we've been talking about, the RSI in the daily chart is extremely overbought. Bitcoin is extremely overheated here, so you can anticipate some sort of pullback. And that doesn't mean there's gonna be a major sell-off, but I think a cool down is certainly necessarily because markets don't move up in a straight line. We also see the MACD on the daily chart shows the bulls are losing some momentum. They haven't fully lost it yet, and it hasn't flipped bearish yet, but you see the momentum is slowing down here. So we could see a cool off, then another move up higher. And what may happen, you know, there's a lot of bears are screaming, see, that's it, it's over, we're gonna dump down to 40k, right?
You could see a pullback maybe to 70k, maybe a little bit higher, and you trap the bears and there's another short squeeze because they're all piling in their shorts, right? So I think that could potentially happen. And the inverse confirmation of that is the USDT stablecoin dominance, which we were tracking because on the Bitcoin weekly chart, we saw there was a bullish divergence, and on the USDT stablecoin dominance weekly chart, there was a bearish divergence, right? So naturally you have that inverse correlation. So on the daily chart for USDT stablecoin dominance, it is extremely oversold, so anticipate a rebound. And the MACD, which is showing the bears are in control, is losing momentum. You're seeing the complete inverse here. So this is why I'm saying I think some sort of pullback is healthy and necessary, and I think most likely will happen before we move higher, just based on the data now. Not my feelings, not my emotions, not my hopes, just what the data is telling us here. And on that weekly chart though, overall things are looking great. We still have room to run higher per the weekly chart, per the RSI, and the MACD shows the bulls in full control, so this is the higher time frame. So regardless of whatever short term pullback we have, this is screaming higher, higher prices are coming. So the other factor, the inverse of that is the USDT stablecoin dominance on the weekly time frame, also showing there's room for this to run lower. Again, this is the higher time frame. So we got the confirmation is just being patient and let the market do its thing. Now something I want to highlight guys, that is not entirely crypto focused, but does involve asset allocation, which includes crypto. So a study came out saying a $50,000 income in 1990, the year 1990, would require roughly $130,000 in 2026 to have the same purchasing power. So we've talked a lot about currency debasement and why you need to diversify into assets. So not only crypto, personally, I hold gold stocks, I have a traditional investment account and much more. I even have an investment property. So I'm diversified in that way. And I believe the only way to outpace the currency debasement is to allocate to assets. You have to put some of your money in assets because the governments and obviously the United States included, they will continue to print more money and they will debase the currency. So the money that you have, that you think it's in the bank, it's losing its purchasing power over time. So in order to again beat that, you have to diversify into assets. So something to think about, it's the main thesis as to why we're investing. We're not doing it so much for fun as we are. We need to do it to have enough funds to retire, to live our life, right? Because we're going to just continue to lose purchasing power. This is the fiat system. And again, we've talked a lot about this over the years. But just a reminder, and this is just an interesting stat that I think is just hammers home that you need to have some sort of investment strategy. You got a dollar cost average into the market, have the long-term view. And look, I think crypto is still the fastest horse in the race here. Just yesterday, I reported that Bitcoin flipped in the video stock to become the best-performing asset over the past 10 years again. So crypto, obviously, you have a limited supply.