In this episode of the Thinking Crypto Podcast, Tony Edward discusses the recent cooling down of Bitcoin after a significant price increase, emphasizing the expectation of volatility and the overall bull market trend. He highlights that Bitcoin is currently overbought on the daily chart but anticipates further consolidation and upward movement, potentially leading to a blow-off top in the coming months. The episode covers mainstream media's increasing coverage of Bitcoin, Coinbase's market cap reaching $100 billion, and BlackRock's Spot Bitcoin ETF becoming its most profitable ETF. Edward also critiques Vanguard's stance on Bitcoin, promotes Propy as a leader in real estate tokenization, and analyzes the Federal Reserve, FDIC, and OCC's joint statement on crypto asset safekeeping for banks. The episode concludes with news about CME's XRP futures, Ondo Finance's acquisition of Strangelove Labs, and OKExExchange joining the Paxos USDG network, advising listeners to have a plan for taking profits and managing potential wealth.
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