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Do you foresee risks as these two worlds do become more intertwined? Yeah. Well, first of all, there's never been a new financial product that didn't entail risk. So, that obviously is going to be risks and they haven't written all the laws yet. Like, you know, think of the gu think of the rules around it like you know, AML and BSA and KYC and disclosures and you know, when they say stable coin, which we're going to have.
I'm not against stable coins like a mutual fund, you know, but mutual funds have rules. What are the rules going to be around stable coins? and the you I think there are really so I'm a believer in stable coin believer in blockchain not personally a believer in Bitcoin itself but you're the customer you know I don't like to tell customers what they can and can't do with their money that that is a whole different issue for us and so we're going to accommodate those things you mentioned that we did a deal with Coinbase so you can now move money from Chase to Coinbase make it easier for people they've agreed how to use our APIs which we think is a good thing um so you know we'll we'll be in it and we'll see
that ladies and gentlemen was the infamous Jamie Diamond from JP Morgan that recently partnered with Coinbase to facilitate easier access to the cryptocurrency space. Essentially giving his updated views on this sector. And at the start there, he very much acknowledges that the world of traditional finance and crypto are colliding to essentially enable the new financial system signaled by President Trump, David Saxs, um, Treasury Secretary Scott Bessum and Jamie Diamond and everybody else who has any kind of um, an inkling in regards to this sector.
It is doing truly monumental things. And I wanted to start off on that note and we're going to look at further clarity to that with what Paul Atkins at the SEC said. The public DLTs that we talk about on this channel are literally going to enable tomorrow's financial world. And I believe you're going to see layer ones outside of Bitcoin worth trillions of dollars in terms of market capitalization.
If Microsoft can get to a $4 trillion valuation, these global utilities that enable a global financial world and global systems more broadly or the trust layer of tomorrow's world could get to those valuations. That's the value proposition here. And I wanted to start off on that note because we've got a little bit of headwind in regards to the cryptocurrency space which we're going to address very quickly.
When it comes to Bitcoin, technically the broader trajectory, the bigger time frame trajectory for Bitcoin is clear. it's going to the upside and going to continue. Got lots of technical targets that confirm that. We've got also um external from the Bitcoin chart um supportive factors. One thing I was looking at with Patreons yesterday and now's the time to be patron.
Start a new month. Get on board that journey. We were looking at uh Micro Strategy and its next leg. We're looking at Micro Strategy potentially going to around about $900. It's about 400 today. Well, that's a good inkling that Bitcoin is going to do well, thus the broader crypto space. The reason I wanted to start off on such good news or such confirming news in regards to what we've expected for a while is because we we were facing a bit of headwinds.
Retail again in terms of liquidations over the past 24 hours. This is liquidations due to ding-dongs leverage trading crypto once more. Why are you doing it? There was around about $758 million in liquidations. 707 of those were longs. I steer a good shepherd doesn't go hungry. A bad one does. I steer everyone who watches this channel away from trying to trade crypto.
Certainly with leverage. I've sought out the most intelligent people I can find when it comes to technical analysis and trading and still watched many of them fall or be unsuccessful at trading crypto leverage. Why does somebody with no experience or um hasn't proven that equation that they can even do it with the traditional markets, let alone the crypto markets, think they can jump into the most volatile asset class in the world and use leverage and not get wrecked and be a part of those liquidations.
The reason I'm so harsh on this and even use terminology like ding-dongs is because I want people to stay the hell away from trading crypto. And this sell pressure is factoring in to some of the headwinds that you've got. You've also got a very strong dollar. Dollar made its target for this head and shoulders that we had.
It's rallying quite hard. That of course is going to lean on on on assets that are pegged $2. It's a headwind. You've got and we've had a lot of economic data that we were expecting chop on the back end of this week. We've had some great news for crypto. Um today, of course, you've got US non-farm payroll.
You've got the unemployment data. um you've got for the likes of Ethereum resistance, you know, so on and so forth. There sort of short-term headwinds that really, in my opinion, should be ignored because you shouldn't focus on day-to-day price action, just more the broader trajectory. And this space is truly going to change the world.
I mean, Jamie Diamond talking about that from JP Morgan this morning or or or yesterday. I mean, acknowledging it now. And there's certain public DLTs that I think are going to be dominant. Um, and I believe I've got them in my portfolio and and and many of them we talk about on this channel regularly.
Um, and and that's the value proposition here. So, a lot going on today. Headwinds coming from liquidations, strong dollar, economic data is massive earnings week that we we're having and have and and have had so far. You've got non-farm payroll, which is a big one. Unemployment stats is what I'm interested in.
That's supposed to uptick. And we'll see what the non-farm number comes in at. Um, but I think again people are too focused on short-term price action. Yesterday was a huge day in regards to our SEC chair Paul Atkins said. This is from Eln Tourette. A landmark speech at the America First Policy Institute from the SEC chair.
Paul Atkins unveils project crypto, a sweeping commissionwide initiative to modernize security regulations for onchain markets. That means using crypto to evolve the securities market which is huge. The stock market alone, you're talking a global valuation of aboutund ah the estimates differ 140 50 trillion something like that in terms of global stock valuation that's all going to be brought on chain and enabled likely by public uh DTS um and and and and this sort of crypto project is about enabling that they're acknowledging it um and we know DTCC are already doing that and I've been going right the way back and and and and and showing the fact that there's one crypto that stands out in regards to DTCC's digital arm which previously was secury and actually secury helped to um it's a public DLT we speak about it um I speak about a lot more in Patreon and give price predictions and where we expect it to go but security which is now DTCC did alarm actually helped to build this protocol to do exactly what everybody's gearing up to do and what's coming and and if you talk about onchain markets stable coins is the large one dollars um but in terms of real world assets probably 25 billion in terms of tokenized starks algrands the leader with exodus it's probably 500 million that's I mean we are so early how anybody can can be looking this gift horse in a m in the mouth I don't know focus on short-term price action there's a whole list of variables that go into day-to-day price action the broader trajectory is what you should be interested in if want to make money in the cryptocurrency space, the best way to do it is by investing and investing solely.
Don't try and trade. Don't try and be smart. Invest, understand the broader trajectory of this space and couple that with um a channel like mine. Um and and there's no guarantees you'll do well from listening to us whatsoever. Um but this is huge, he says, which he says aligns with President Trump's goal to make America the crypto capital of the world.
This is Paul Atkins himself. It's great that these guys are all on Twitter. Twitter, you should be on Twitter. Uh it's the best and worst place for information. Go and give us a follow at realalling crypto. We hit 30K subscribers. So massive thank you to to to you guys over there. Uh thank you A1 Policy for hosting me today to discuss crypto project crypto which will be the SEC's north star interesting terminology in aiding the president in the efforts to make America the crypto capital of the world.
Here's a thread. We are at the threshold of a new era in the history of our markets. DT project crypto is a commissionwide initiative to modernize the securities rules and regulations to enable America's financial markets to move on chain. DTCC Dan Dona I'm definitely saying his name wrong is the most important man on the planet right now in regards to enabling that and he has links to a couple of cryptos.
Um certainly he's been very vocal on one we talk about it um and we're going to continue to do so. He goes to say the president's working group released a PWG report with clear recommendations for the SEC and other financial federal agencies to build the framework to maintain US dominance in crypto asset markets.
This report is the blueprint to make America first in the blockchain and crypto technology. Product crypto will help ensure the United States remains the best place in the world to start a business, develop cutting edge technology and participate in capital markets. First, we will work to bring crypto asset distributution back to America in line with PWG report.
A key priority of mine will be establishing as swiftly as we can a regulatory framework for participants with super apps. Very interesting. Uh fourth, I have directed the commission staff to update um antiquated agency rules and regulations to unleash the potential of onchain software systems in our securities markets.
Interesting. Finally, innovation, entrepreneurialism are the engine of American economy. The president has described America as a nation of builders. Under my leadership, the SEC will encourage our national builders rather than constrain them. uh red tape size fits all rules. Um and he goes on to say, "And this is huge.
This is all over the place." Hideera retweeting this. This is a big deal. And we know Hideera is going to play a role in tokenization. They're not the crypto I'm referring to, by the way, in regards to links to um Dan Donate, who's the head of DTCC, that are literally talking about bringing onchain, and they're the people that could do it, hundred trillion dollars worth of assets.
and and and it's not not just going to be one chain that's going to enable it all. I just I'm pretty confident that one I've got the the the I think evidence for is being trialled and likely going to be used. Um they've done a lot of work with. So this is all huge news. Please please please guys ignore the short-term price action.
It is noise literally. Um you know eventually it will get solved. I was looking at a shorter time frame uh bull penant or bull flag for Bitcoin. It's kind of spilling down the end of this. It still could recover. We'll see what the economic data comes out. People probably want to derisk for that and we'll see if this can recover and and set pace.
It's not long before Ethereum sort of breaks out of this and permissions a broader alt season. Guys, that's it from me. I'm going to love leave you. Have a fantastic Friday. Don't forget the big term trajectory of this industry. I'll see you all in the next one. Thanks for watching, guys. you soon.
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