CLARITY ACT *BOMBSHELL* DATE SET FOR JULY!?

The guys talk about how THIS UNLOCKS THE MICROSTRATEGY OF XRP!

Transcript

SPEAKER_07 0:13

Without question, in 12 months, we're gonna say crypto was an a downstream story of AI, just like memory was sort of a has been story in 2024 and 2025, right? That they they were stuck, they didn't go anywhere. And look what happened in 2026. They all went parabolic. Young people today bank through apps. In the future, they're gonna be trading stocks, and very likely, as Robin has pointed out, you're gonna be trading it on a crypto platform. It's a tokenized stock. I mean, look at what happened with oil trading over the weekends. That's all using crypto rails. Crypto is a little hard to understand, and people don't like to deal with wallets, but young people, which is the next generation of users, are really big adopters. So where are they now though? And I think you're absolutely right. There is FOMO because it's easier to buy the memory stocks. But I think without question, in 12 months, we're gonna say crypto was a downstream story of AI, just like memory was sort of a has been story in 2024 and 2025, right? That they they were stuck, they didn't go anywhere. And look what happened in 2026. They all went parabolic. Scott, it's it's actually happening. For instance, BlackRock is tokenizing almost every asset. Almost every asset is gonna be built on a crypto rail. It is more efficient, it offers finality and it lets it trade 24-7. It's what's called composability. It's really turning financial assets into software. It's happening, but hey, it's uh slow and then sudden. So to me, it's been 2026 has been a big setback here. It's disappointing, but to me, the fundamental progress is still there.

SPEAKER_08 1:46

Good morning, everybody. Hello and welcome back to another episode of your favorite crypto news-related channel. And today is going to be a very interesting and exciting episode as we've got some massive updates on the Clarity Act that I think all of you need to be aware of. Now, we are quickly approaching the July deadline that we've been discussing for a very long time here on Good Evening Crypto. As the Senate is currently on recess until July 13th, then they also have a housing bill and a defense spending bill that will both need to be addressed before we get into the Clarity Act. Well, during today's episode, we're gonna be giving you guys an exact update on just how likely it is this gets across the finish line, but also what is the current state of the Clarity Act today? Now, we're also gonna be breaking down a brand new thing that's happening. As Michael Saylor has just confirmed, his company may be dumping $1.25 billion worth of Bitcoin. And this could be the sign, once again, that for the Bitcoin community, there could be darker days ahead. But during today's show, I'm gonna be painting an optimistic picture. Don't even worry about it, as we have plenty of news to get into, starting off with this major update right here, as the Clarity Act is officially two weeks away from being decided by the Senate. Now, the next two weeks could decide whether the Clarity Act reaches the Senate floor, as the Senate is on recess until July 13th. But the biggest negotiations of the year are happening right now behind the scenes. So over the next two weeks, crypto industry leaders will be in Washington, D.C. to resolve these issues and prevent a uh the final issues that are preventing a Senate vote. Now, there was also a really interesting update, and I'm throwing a lot at you at the beginning of the show, but you're gonna see later on in today's episode, Mike Novengratz was in Washington, D.C. And he said both Democrats and Republicans are motivated to get the Clarity Act across the finish line. Well, we're gonna get some definitive answers here, guys, and we're gonna be covering them very much in depth here on Good Evening Crypto. But we're already three minutes in. We've got nearly 1,000 live listeners here joining us. If you're excited to enjoy this content, smash that like button and help us pass 589 likes. When we do, we stick around for a little bit of overtime this morning. Now, before we even get into many of the major issues, I also want to point out what's happening in the charts today. As you're seeing a $59,000 Bitcoin back below 60K, we got Ethereum trading at $15.75, XRP trading at about uh $1.04 here, and Solana trading at about $73. Now, if you're a stellar investor, that's at about 17.5 cents, down 20% on the seven day. So a big market correction in Cardano trading at about 14.5 cents. Nothing big here, nothing really worth addressing. Now, another thing that we provided over the last week or so, Johnny, was the fact that the Clarity Act is gonna be this major catalyst for the influx of institutional products here inside the US. I've got a brand new video that we're gonna be playing for our listeners, where it's not my opinion. We're gonna listen to a DTCC executive talk about how right now institutional adoption has already happened behind the scenes. They're just working on rolling out these products in 2026. They're not even perfecting this technology in the background anymore. So we got an awesome show prepared. I'm really excited about it. If you guys are also excited, smash that like button, leave some of your thoughts underneath the video. And Johnny, I got one more video that we're gonna play to kick off today's episode before I kick it over straight to you. This is a CNBC clip of uh a legendary investor, Jeremy Grantham. Now, Johnny, I know you're looking at him, you probably think he was in your high school graduating class. Well, we'll address that after the video that is played because once again, the critics they always emerge during a bear market. Here it is.

SPEAKER_10 5:15

No, you don't. I think it's I think it's uh a useless, speculative that goes to zero in your in your calculates? No, it years and years, decades and decades, it will dwindle away, I suspect. Not not with a bang but a whimper. And you think that because it it's not a stable form of value, it just halved, isn't it, for no particular reason in a strong economy. So you can't depend on it in that way. And by the way, over the same time period, gold made a strong gain. Yes, it's down from the peak, but it's it's made a strong gain over that time period. It's people don't use it to make serious trades, they don't use it to buy their dinner and and pay at the supermarket. So, what the hell does it do? What it does is allows crooks to move money around without leaving a trace.

SPEAKER_02 6:07

Dare I asked you what you think of crypto.

SPEAKER_08 6:10

Wrong. That's all I can say. I mean, these are we don't even really need to address the arguments because we have. If there's any newer crypto investors here, these types of discussions had a lot more validity during the Biden admin when everything was being attacked and we were in a bear market. But with the state of the crypto market today, Johnny Crypto, and I think the thing that I want our listeners to really walk away from is that we've evolved. We're regulating the asset class. And as you guys are going to see from the Washington, D.C. insider video that I'm gonna play later today, Johnny, they're not debating whether BlackRock is gonna tokenize assets. They're not debating whether State Street is gonna leverage stable coins. You know what they're debating? Whether Trump can launch a meme coin. That's what the ethics issue is really built around. And that's just one of the reasons that I'm so optimistic on the Clarity Act getting across the finish line, because nobody's really debating the fact or are these large companies going to use this technology? They just want to put the correct guardrails around the industry so that crooks and whatever nefarious players, they can't take advantage of this unregulated asset class in the way that it is today. But Johnny, first of all, thank you for being here. Um, I I know there's a lot going on there, but I'd love to get your thoughts on what he had to say in that short clip and anything else that comes to mind.

SPEAKER_03 7:13

Well, first of all, good morning to all the cryptomaniacs out there. We love and appreciate you guys for having true convictions, showing up all the time and understanding what you're investing in. Like that man obviously did not understand what he's even talking about. It's almost an embarrassment, you know, if he's a legendary, you know, whoever he is, I don't even know him, but whoever he is, the reality is if you're gonna go on TV and embarrass yourself like that. At least go on there and do some homework before you get on there and talk about it. Because, you know, when you look at what he said, like, oh, this thing is something that's you know, yeah, criminals use it and it's untraceable. Like, what do you mean, untraceable? It's the most traceable asset on the planet. I mean, it's the worst thing you can actually use if you were gonna use anything, is is crypto to be able for for for something like that. And and just you know, abs here's the thing. He talked about gold and how gold has has value, right? Well, the reality is this here's what's probably gonna happen anyway. There is not a single asset on the planet, monetary asset, fiat or whatever, that's worth anything unless it was ever backed by gold. And so to sit there and kind of throw crypto under the bus is really like saying, well, so it's fiat. The only reason I had any value is because the government decided it had value or because they backed it by gold. That was the only the only two reasons for it, right? So the way I look at it is I look at it as someday, whichever cryptos do you know become, let's say, digital gold, will probably be backed by gold, my friend. They will probably be some kind of asset, digital asset that will we already know there's digital assets already, like PAX G, right? That are backed by gold. So I to me, uh you have to kind of be forward-looking and think, okay, listen, these asset classes, some of them where they where they deem this value, will probably have either the backing of the US government or a government, like a treasury or a national reserve, or or gold. I uh to me, it's one of those two that's gonna happen. That's gonna kind of put the faith in that. Because if you see where we're going, absolutely the whole world's gonna be tokenized. Digital assets are gonna be part of the process, they're gonna be out there. Somebody, at some point, they're gonna have to say, how do we make sure that the that that if we want these technologies to run and we want these crypto assets that are on them to work, how are we gonna make sure that the the that the that the public is gonna have faith in it? Well, there's only two ways to do it, my friend. You back it by gold or you back it by a government. So I just think it's very short-sighted for what he was talking about there, and I think he could not be more wrong, but it won't matter because when crypto takes off, you know, I don't wish you know anything bad on anybody, but I mean he's another fella, right? But to me, it's just one of those things where I'm not sure he'll even be around to see the growth of crypto and blockchain technologies.

SPEAKER_08 9:49

And here, I mean, first of all, I hope he is around for a lot of reasons. But the number one thing is I I think it's happening now. I don't think we're in a waiting period, I don't think we're in a purgatory period. I'm not even sure we're really in a developmental period. I think that a lot of these products are ready to be launched inside the United States. And if you look at some of the big players, like I'm gonna play in this video, all of the large players, Johnny, there's a reason that Tom Lee referenced BlackRock. There's a reason that Franklin Templeton and Fidelity and all these large companies that are just traditional players now are comfortable making price predictions. Now they're comfortable talking about tokenization. That is because these products have been perfected behind the scenes, and now those large companies are finally in a position to profit off of this technology. And that's what our listeners are going to walk away from this clip understanding. But we're 10 minutes into the show. We just passed 300 likes on today's episode. If you're having fun, you enjoyed today's content, smash that like button. And me and Johnny will be sticking around for a little bit of overtime. And I also want to give a massive thank you to everybody who participated in our 50,000 subscriber giveaway this weekend. It was a huge success. We got a massive lucky winner, and we had a whole lot of fun. So I'm hoping you guys did too. But with that being said, here's a brand new clip out of Mike Novengratz talking about what his insiders are saying in Washington, D.C. I'm gonna play two for you. Here's the first one.

SPEAKER_11 11:02

I think we're gonna get it done. And I think that's important because that's gonna unleash the next wave of trade fi guys coming into crypto. Uh, it's gonna be a stampede. And you've seen it already. There's been a couple transactions, MA transactions done where TradeFi guys are saying, hey, I've got to get set. And it's really set for the tokenization of stocks, the tokenization of mortgages, the tokenization of everything. It will be crypto rails, wallet infrastructure, staking infrastructure, uh, token security that slowly replaces uh the existing infrastructure that we have. And so that's happening. Uh, and I think this Clarity Act is a big, big part of it.

SPEAKER_08 11:46

So that's one clip, guys. But here's where it gets really interesting. So what he's talking about in this next video is how he's been meeting with people in Washington, D.C., both Democrats and Republicans. And he says the Republicans, both far right leaning and moderates, are both advocating for the Clarity Act. Now, when he talks about the Democrats, he says the moderate Democrats are supporting this bill, but it's the far left Democrats that want to sharpen up the ethics issue so that President Trump can't launch a meme coin and they can't profit off these narratives. Now, again, why do I think that's so important, Johnny? Because they're not discussing how they're gonna use these things, they're discussing a specific meme coin. They are talking about the Trump coin behind the scenes, and you guys are gonna understand that. Here's a brand new cliff.

SPEAKER_11 12:26

For 18 months on this, uh Galaxy has been part of those conversations. Our our team, Natalia down in DC, is doing an amazing job. Uh, our old, our old guy, uh Tyler Williams, is working for Scott Bessant as the coordinator for the Treasury Department. But there's a whole lot of the crypto community down there, and it's been a complicated story. Uh, Republicans ran on being pro-crypto. They really feel like they want to get this done. Democrats are split. The bulk of the party says, let's get crypto off the table so it's not an issue to talk about, and let's do something good in technology for the American economy, right? And so I would say the centrist Democrats are all there. The left wing of the Democratic Party uh is seeing what is perceived to be a tremendous amount of corruption in the use of crypto from parts of the Trump family or Trump administration, and they're using that to say, wait a minute, this just doesn't feel good. And so the last sticking point in this bill is what would be called the ethics piece of it. Can we can we get to yes? And can we put at least some disclosures, restrictions on the president, the vice president, Congresspeople from issuing their own coin? Can we make sure if they have crypto, it's held in blind trusts?

SPEAKER_08 13:48

So that's the important part, Johnny. Now, there were two major things in that clip. And I said this during last night's update, so I'm gonna let you speak on this topic for the majority of the time. But I said yesterday, two major takeaways. Number one, they're not debating how these asset class is gonna be used. They're saying tokenization's coming, stable coins are coming, uh, and real products are gonna be launched by BlackRock, Fidelity, and so on. We've already seen that sign from the market. The more important thing, in my opinion, speaks to the crypto lobby, right? Because what do they say? Money talks and BS walks, Johnny Crypto, and money is talking in Washington, D.C., as the crypto super PAC Fair Shake had over a quarter billion dollars to allocate into these elections. And I think what we're seeing right now on the Democrat and Republican side is that it's moving away from being a partisan issue, and we're seeing support from both the Democrats and Republicans. Now, he said it specifically that the moderates on the left, this moderate Democrats, are advocating for this bill. Now, I'm gonna take it one step further. If that's true, Johnny Crypto, and you'll have some insight on this. We only need three Democrats to support this thing. We already got uh also Brooks, we got Gillibrand, three more Democrats, and it's signed into law by President Trump this summer. The question that I have for our live chat is ones if you think President Trump is signing the Clarity Act in the summer of 2026, twos in chat if you think it does not happen. But my estimation is, Johnny, not only are we closer than ever, but Democrats are willing to support this bill. Floor is yours.

SPEAKER_03 15:08

Yeah, there's no doubt about it. I think the one sticking point is I've always been worried about, and this was I I, you know, you and I talked about this so many times, and I remember when it happened, we said, why did Trump have to launch that stupid meme coin? Remember, we kept talking and we said, watch, this is gonna come back and fight them. And sure enough, abs we're literally sitting here because of that freaking meme coin. Otherwise, the Democrats would have really nothing to talk about. And now here we are sitting there using this as an excuse. And now, of course, you know, they're gonna have to put something in place. Like I said, that's kind of more generic for everybody, so that all politicians, as he described there, can't go and you know, and and just create products that can uh that benefit themselves at the at the stake of uh the U.S. citizens. So to me, there is gonna have to be a fix for this. There's no question. We now that that's been brought up, it's gonna be a thorn on their side, and they're gonna have to come up with some kind of solution, which I I think they will, because I'm telling you, if we don't, I'm not sure those three Republicans, sorry, Democrats that are the two that cross the line, they you know, if you listen to Alsa Brooks, right? They said, Yeah, hey, we we assigned we approved it now because we wanted to get out of committee and we wanted our side also to be working on this thing because they understand how it works. They need their all their senators have to feel comfortable on the Democratic side to approve this thing, right, Abs? So they needed to get it out of committee, but it doesn't 100% mean they're gonna they're gonna then come aboard if these democratic issues aren't solved. So I'm telling you, they have to be solved. They they're gonna have to address them if they want to get those five or six Democrats that they need to cross the line. Now, I think because we all understand that there's a sense of urgency and President Trump and everybody's pushing for this, I think we will get this thing resolved. I think they will come up with solutions, they will have to put things in place. It's not uncommon. I mean, you know, we've got insider trading that's been allowable for years, and then they put kind of a stop to that, put some rules in place. So why wouldn't you do it for this too? So to me, I think it makes sense. And you know, Norman Gratz is close to the to the to the he's got his ear to the ground there and he's hearing what he's hearing. And so I think we are close.

SPEAKER_08 17:06

But again, we're comment at you. So one thing that I'm thinking about as we kind of go through all this content is I remember just six months ago, everybody thought this was getting across the finish line. Then we saw the pendulum swing in the complete opposite direction. We saw everybody saying now it's not going to get done. If you guys look at the polymarket odds, and I was gonna pull them up in the background, but my computer's giving me some trouble. The Clarity Act is at about 43% last time I checked. Only a 43% chance this gets across the finish line. Why do you think there's such a divergence in the polymarket odds sitting at 43%, as opposed to what people like Mike Novingratz or Brad Garlinghouse are saying, which is that essentially it's a certainty behind the scenes that both sides want to get it done. What do you think is that causing that divergence there?

SPEAKER_03 17:46

Well, I think there's a difference between people in the know and retail, right? And most of the betting, when you think of polymarket, right, it's probably retailers placing bets on things. And so retail doesn't have a clue, right? They're just looking at it and basically going off the news they're hearing. But you know, you and I both know about news apps. News can be swayed either way in either direction. People who are sitting in the room, you know, when I was on the council and I used to be in the room working on bills and and hearing what the other side is saying, I have a much, I had a much better feel for whether this thing was gonna pass or not. In fact, we kind of already knew what was gonna pass, what wasn't gonna pass. We knew who was gonna vote for it on our side, we knew who was gonna vote for it on their side, we knew who was against it, we knew all that stuff, right? So I think that's how you have to kind of take that's why I don't really care so much about the pie market odds. I've never cared about it. It means nothing to me. I don't care if it's 70%, I don't care if it's 90%, I don't care if it's 0%. What I care about is what I'm hearing coming from people behind the scenes, people close to it, and listening very, very carefully to the words of the senators like Loomis and Tim Scott and Patrick Witt, and like you said, and and Brad, because they are sitting there in the room, they know what's going on, and they probably can't really, you know, they don't want to say either way either, because I know we weren't allowed to say what we're doing on bills and whether we're gonna write, and plus things could change, abs, but you kind of always knew you had a better sense than the general public of what was going on, and I think that's exactly what's happening here. The general I think of polymarket as the general public, and then I think of the people we're listening to, right? The people we're hearing as the insiders who have better knowledge and information, and those are the people you want to be listening to. Don't get hung up on polymarket odds.

SPEAKER_08 19:25

That's my eighth sense. So here's why I'm a big advocate for polymarket odds, and I I think your advice is great. I'm just gonna provide the opposite end of that. Polymarket is heavily manipulated by big players, and I would even factor this in saying they want as much volatility as possible because where is money made, Johnny? It's in the volatility of the markets. If they can get the Clarity Act down, let's play a hypothetical game. Johnny Crypto, for some reason, somehow, someway, I know with certainty clarity is getting passed. Hypothetically, let's say that's the case. What would I want to do? I'd want to convince the public the absolute opposite. I'd want to drive those polymarket odds as low as possible. And then I'd want to scoop them up at the bottom, just like any other asset. What would I want to do with XRP? What would I want to do with Bitcoin? It's the same playbook over and over again. And why is that relevant to our conversation? Because what did Tom Lee say at the beginning of this episode, Johnny? He said a crypto catch up trade is coming. And I've got a highlight from the blockchain backer update that he put out this morning, where he said there was a time to be bearish. It's not right now. This is not the time to be bearish for crypto. The bearish move has already essentially happened. And this is what Tom Lee said. I think without question, in the next 12 months, we're gonna say crypto was the downstream story of AI, just like memory sort of has been a story in 24-25. All of these asset classes were stuck, meaning the AI bubble and all these tech booms, they didn't go anywhere. Then look what happened in 2026. They went parabolic. Almost every asset class is gonna be built on crypto rails. It's more efficient, it offers finality, it allows 24-7 trading. And as you guys can see in today's title, we haven't even talked about this yet. The DTCC just went live today with their pilot program for the tokenization of real world assets. But this is the quote that caught my attention, Johnny. It's happening, it's slow, and then all of a sudden, everything can change. To me, 2026 has been a big setback year. It's been disappointing, but the fundamental progress is still there. And so, with that being said, here's a very brief update from BC Backer talking about he's betting on the bottom. Here it is.

SPEAKER_09 21:18

Well, liquidation came out, which ended up being 4.94 billion dollars. And part of me speculates that this thing's gonna turn around pretty quick. That'll look like egg on my face. Obviously, if we just chop through here and go down, but I'm just not seeing the signs of that coming. I'm seeing the signs of what we look like after liquidation, after back testing the capitulation level, like so. And that this is exactly what we were looking for and what we discussed prior to the two to five billion dollar liquidation that we liquidate and then sweep the low, liquidate, sweep the low. I I think the thing is we may see bear celebration happen here as everybody is looking to be a bear. And I again characterizing everybody, but not everybody. Uh, the crowd, uh, that if we get this move right in here to come push this thing down right in here, there's going to be a lot of negative sentiment that happens on something like that, but that it would be the last moment before we actually turn this market around for good. So I wouldn't put myself at a position of being 80% interested in the market if I didn't feel that way. And I try to be transparent with you guys and tell you what I'm thinking, right?

SPEAKER_08 22:24

So there you have it, Johnny. And I think it's a great explanation because again, every single time the bull market ends, it's when nobody thinks it. Every single time the bear market ends is when everybody's ready to tap out of crypto. And it feels like retail investors out large are about to tap out. Now, I do want to give a big thank you to Joseph Ray for the $10. He said maybe Trump was forward-thinking enough to front-run future political insiders to make them take it out before it happens later. Now, I'll play, I'll play advocate. Do you want the advocate or do you want the contrarian on that tick? Because I can provide either side. Here's what I would say: very generous assumption of you. That's what I would say. I would say very generous assumption. And here's why. Look at what happened with the Melania token. Look at what happened with the Trump token. Even the Trump tokens down 97%. Trump studies the polls more than anybody in human history. What does that guy love? He loves sentiment. He loves to know what people are thinking. Does a 97% loss for anybody who trusted him to buy the highs or to buy the Trump coin, Johnny? Is that a good reflection on him? Is that going to help him during the election cycle? So, as much as I would like to believe that, and shout out to Joseph Ray, this guy's the man. We love and appreciate you. I think it was a misstep. That's just my honest opinion, Johnny. Any comments here? Oh, the audio's gone. I'll stall for you. Let's see if we can get your mic reset in the background, guys. We are 24 minutes into the program. If you're having fun, we just passed 450 likes on the show. Smash that like button. And when we pass 589, we stick around for a little bit of overtime. It sounds like the audio just came on, Johnny.

SPEAKER_03 23:50

Floors are we good? Uh yeah. I mean, Absolutely, that's just something I can't argue against with you. I always thought it was a mistake when he did it. I don't think he should have launched it. I don't understand his logic behind it, other than maybe he was trying to show his support for the crypto industry, but it has a very, very bad look on it, uh, especially because it came crashing all the way down. It was just a big, big, big, big mistake on his part. So uh, you know, it's gonna and now it's put us in the situation where we are right now, in terms of now we have an ethics issue that we have to sell for, right? Unfortunately, Abs, and there's no way around it. But you know, going back to VC Backer, Abs, I mean, I cannot tell you I'm I have never been so bullish on on the charts. And in fact, I'm just like I've been going in all in as much as I could right now and buying as much because it just feels like we are very, very close to the bottom. And this is when you want to be buying, right? You want to be buying when when it feels when you see that capitulation, or when you see signs that look like we're a capitulation, and you see that pretty much most of the industry uh retail has kind of lost faith in the industry, lost faith in certain assets, and yet you've you've got charts that are just lining up and setting up perfectly for a massive turnaround. So to me, the setup I think is is great. BC Backer is one of the most trusted and most accurate, I'd say, influencers or players out there, or technical uh TA guys out there, apps. When he's you know when you look at what he's doing, and that his when you see his conviction, I mean he's been more right than anybody on the planet that I think since I've been following crypto in seven years. He literally always calls the top very close to being right, and he usually calls the bottom very close. You take your potty market out, just throw that shit away. Just listen to BC Backer. That guy is uh he's amazing, he's one of the best in the business. And for me, I'm excited because when he gets excited, he's usually right. It's only just a matter of time.

SPEAKER_08 25:36

Here's another point of context, Johnny, because I think it's very relevant to the conversation that we're having now is that I gotta look myself in the mirror and say the same thing. Like, let's look at this market completely objectively and completely logically, right? The move, the bear market move is behind us at this point. And I think a vacuum went off in the background here, so I apologize if you guys hear some noise. But here's the truth of the matter there was a time to be bearish. It was September of 2025. There was a time to be bearish, it was October of 2025. Sitting here in July of 2026, or I guess two days away, 48 hours from July, Johnny, the major move is behind us. The capitulation already took place. Anyone who's betting on this last 10 or 20 percent, more power to you, but reap, but blockchain backer said it even better than I could earlier this morning. He said, it used to be in the bull market, if you're bullish, you're following the crowd. That was the sentiment. If you're bullish during the bull market, you're part of the sheeple, Johnny. That's me included, right? You're you're you're you're you're absorbing the hopium. And I apologize for studying there. But if you're a pessimist right now, you're following the herd. There's no pushback for the pessimists. Everybody wants to get on social media and complain about crypto's performance in 2026. And this is something that we saw on the bear market bottom of 2022 as well. So just the fact that I've been here and I can recognize these signs, there are some clear indications that XRP and just the broader crypto market at large is in dramatically oversold territory. And believe it or not, I know this isn't a chart. I know it's not a valid point of data where I can say we're at a 77 out of 100, but this is a great indicator. The fact that pessimism is so popular in crypto right now. It's another great sign. Johnny, any quick comments and we'll roll right into our next topic.

SPEAKER_03 27:10

So pessimism is completely completely here for sure. Uh so yeah, no, you can roll. Feel free to roll right into that next one, absolutely.

SPEAKER_08 27:18

I'm with you. Totally agree. And I appreciate that, Johnny, because I think again, this is something that me and you talked about last summer, where regular consumer sentiment was like, please allow me to buy sub-2 XRP. And I remember at that time, and maybe I didn't even take you as seriously as I should, you go, no one's gonna buy that. Everybody's gonna be scared, the whole market's gonna leave. And I go, there's no way, there's just too much happening. This is a primary example of how sentiment is often one of the most misleading indicators when it comes to what the actual progress is on these assets. But we just passed 500 likes, guys. We're about to get into a massive update involving the BTCC. If you're enjoying this content, smash that like button. Help us pass 589 in the next five minutes, and we'll be sticking around for a little bit of overtime during today's episode. Now, we discussed the bear market a lot, and again, I would encourage all of our listeners, we are breaking records with iTrust Capital this month. And the main reason is people are taking advantage of the lows that we're experiencing with their 1% fee on all transactions. Now, why is that so exciting? Traditional exchanges like Coinbase, they're gonna charge you three, four percent to use their exchange. You use a PCA account with iTrust Capital, you get a 1% flat rate that allows you to accumulate as much crypto as possible. And that seems to be what my DMs are full of. People are really excited about that. So I'd encourage everybody, click on our link below. And when you fund your account, you're gonna get a $100 signup bonus, courtesy of myself and Johnny Crypto. But with that being said, here's a brand new update from the DTCC talking about how the tokenization project, it's not a pilot, Johnny. This goes live in July. Here it is.

SPEAKER_01 28:46

And so in July, we're gonna have an event, not calling it a pilot. Uh, it's an event uh where we are going to have a limited number of participants uh using real live uh traditional uh GTC securities held by those participants, enable them to tokenize it and do a one-day um event where they'll have different test cases, uh, different protocols, different app chains. Uh at the moment, at least two different blockchains uh that they'd be able to move the assets on. And then uh obviously receive as much information we can from that event and then go live uh with the service in in October.

SPEAKER_08 29:27

So you heard it right there. The test net. It's not a pilot, it's a test net that kicks off in July. Full scale rollout comes in October. Now, Johnny, you're gonna appreciate this. This morning, I was going through some of the DTCC's documents, and what was really interesting is I put these documents into AI and I said, give me every reference to blockchain products within these DTCC documents. There were three blockchains that were referenced, and it wasn't XRP, it was Canton, it was Stellar, and it was hyperliquid. So I just think that's worth noting. Now, again, in those documents, and even what the AI prefaced it with was that in this trial phase, you're gonna see an expansion of blockchains, right? These three that I'm showing you right now, according to the AI, this is just what's been perfected thus far. And these are the announcements that have been made public. But there could be dozens or half a dozen other blockchains that are actively being utilized behind the scenes that they just haven't publicly announced yet. So it's very important to kind of keep that nuance in the conversation here. Any thoughts on this one? DTCC, big moment for the industry.

SPEAKER_03 30:22

Yeah, I mean, I think at the end of the day, listen, there's gonna be nobody knows what the final blockchain stack is gonna look like, right? So I don't get hung up on that. I look at the the is the technology there and does it service a need and are there needs that that are that are gonna want it, right? And then we know that XRP is gonna be there in some area and some place. Uh, but but it is a good, you know, that those three you mentioned, Canton, Stellar, and Hyper are very big. Hyper are very big um plays, and they're really cheap right now. All of them are really, you know. So, like if you're looking for this is why I always talk about diversification. And to me, I think it's all about at the end of the day, having some diversification, have multiple horses in your in your stable because we don't know which ones are gonna win. Um, but right now we do know that this first one out the gate, we're gonna learn a lot from it, apps. We're gonna see which blockchains end up forming the base, which ones become the the you know, fulfill the stack of what whatever it takes to be able to move these tokenization tokenized assets, and that's gonna be a very, very good learning for the whole world. Everybody should pay attention. Listen, at the end of the day, the one thing I always reserve the right to is to change my mind, just like like Mark Yesko says, right? As new information and new data comes in, you always want to be adjusting and learning and making sure, especially when it comes to your investments, which one you're investing. And now I haven't lost any conviction at all for XRP, it just tells me, hey, there's other players out there too. And as an investor in the space, I'm not gonna be a fool. I'm not gonna be, you never want to be, you know, locked in blindsided just to one asset only, right? You want to make sure that you're kind of expanding your play into the ones that you think have the potential to gain sustain, esteem and adoption. And we know already that just the mere fact that the DCCC has adopted them to sell it. We know that that's gonna have a place to play in them. It's gonna minimum have a place to play there. And remember, Abs, other other companies are gonna be looking at that and they're gonna be leveraging it as well. So um, it's just a great another indicator of where else we should be looking as we're thinking about as you're diversifying your portfolio. What are some other places you may want to play in?

SPEAKER_08 32:17

Well, Johnny, I know you love data. This is a piece of data that I think you're gonna appreciate. Now, back when I used to do good morning crypto for all of our OG listeners, there was a chart that I used to share fairly often, and it was an indicator of when the bottom of the bear market will come in. Now, typically, it takes about a year for the bottom of the bear market to emerge here for digital assets, but you guys can see it for yourself with the graph that's on screen. This has been one of the most devastating bear markets in the history of crypto, and not because of the downside, Johnny. It's because of the lack of upside that occurred during the bull market. These were the lowest set of returns that we saw for altcoins. It was the lowest returns we saw in a bull market for Bitcoin. But again, why might that work to our advantage? It might mean that the volatility in the bear market is also diminished. Because as this market cap continues to grow, if the market is, let's say it's a trillion dollar asset and it's going to double, it needs a trillion dollars worth of new liquidity to come into it. If it's a $1 billion asset, then it only needs a billion dollars. Very simple to understand. Well, during these initial cycles for Bitcoin, it was far smaller from a market cap standpoint, and it took a whole lot less money to move the entire market cap. Well, where are we today? We are approaching the timeframe when the bear market bottom typically occurs. Now, if you guys will see it right around that 835-day mark, which is right here on the screen, that is historically when all three prior bear markets came to an end. Now, where are we right now, Johnny? We are at about 755 days. So I did the math and I figured out if this bear market was going to extend to a typical standard, just a cyclical narrative here, October of 2025, particularly October 5th, 2025, is when we could be looking at the bottom of the bear market. And again, that to me is a very rational indicator about what this market could do, regardless of the catalyst. Let's say clarity doesn't come in and it's worst case scenario here for crypto. Even then, I think bottom comes in in October and this market begins to rally. Now, here's the second piece of information. Where do we typically reach our all-time high once again? About double the time. So let's say the bottom is in at the bottom of the bottom comes in in October of 2026, Johnny. Well, that means that it would take us another 12 months, according to these analytics, for Bitcoin to be back at 126,000. That's what the data tells us. So I'd love to get some of your thoughts. Floor's yours.

SPEAKER_03 34:25

Well, that's perfect. It puts us right into 2027, which we've been talking about. And not only that, you know, the catalyst there that you know you have to factor in that can change the whole game here is obviously the Clarity Act. In my opinion, that's where there's a little bit of a game changer here. The danger in these other three curves is we we never were on the cusp of this technology becoming adopted and written into law and being adopted and put into real use cases like we are right now. We're on the cusp of something bigger, which kind of says, okay, it means two things. One, it could be like whenever, you know, it this chart could be kind of following the same trend, and then when the clarity outcomes, it just accelerates it dramatically, right? And just boom, we take off. Or the second thing is it changes that completely. You know, we're we're going one way and then bang, it completely takes it a different direction. That's what I mean. I think that's the one thing we have on our side abs is that we kind of know almost worst case scenario, right? Like you said, October 2026. So we're only a few months away from a potential bottom. But you know, at any moment in time, the clarity actually gets thrown in there and kind of just change the whole game, the whole, the whole direction. And obviously, in my opinion, when the clear act gets thrown in, it's gonna be more of a positive uh direction, uh, indicator, or I should say catalyst than a negative one. So we're gonna go the opposite direction. And whatever trend we're going, I think it'll flip the switch. And and that's the one time I'll say flip the switch, or I think it'll just change the direction of what we're heading into a different direction. So I I just again I continue to remain bullish in the space. I don't think fundamentally anything has changed other than the fact that just the sentiment of retail is completely down and gone, which is actually a great thing for for for convicted convictions for people who are convicted like us, who have convictions like us, I should say, uh, in this space. It's just a it's the greatest buying opportunity possible. It may be the last buying, lowest buying opportunity we have, absolutely.

SPEAKER_08 36:13

And here's the other thing, Johnny, is that I mean, we begged for these opportunities and now they're here. Don't talk yourself out of something that you asked for, right? I think a lot of us wanted more XRP during the bull market that happened last time around. This is the time and this is the opportunity to accumulate the assets that you have conviction in. And that's exactly what you were saying in that clip. Now, you broke down something else that's really important. We're gonna get into a very interesting narrative here, guys. Is the micro strategy for XRP already developed behind the scenes with what Evernorth has created? If you didn't see my update from last night, we're gonna touch on this during the overtime portion of today's show. But I thought it would be fun to kick it off with a little Raul Paul Hopium, guys, because this is what I like to call educational content with a little bit of hype mixed in, Johnny, because here's the reality. I think we share the same conviction about where this asset class is going, but we have a different perspective about which digital assets will be most successful. Now we're only 10 likes away from overtime, guys. If you're having fun, you enjoy this content, smash that like button. I want to give a massive thank you because we did pass 50,000 subscribers last week, and I just want to show attitude and gratitude to each and every single one of you. But here's what Raul Paul had to say, and we're gonna break it down. Here it is.

SPEAKER_06 37:18

How can people give you up patience and conviction when their portfolio is down 60 to 80 percent and stays down bad for a month like we just had now?

SPEAKER_05 37:30

Yeah, I don't even care. That's the thing, I don't care. I live off my salaries and income. And if I've got excess capital and it's oversold enough, I'm like, great, I could buy some more. Has my thesis changed? Is tomorrow gonna be more digital than today? Yes, keep going. If it's two standard deviations oversold, you should be great, I can actually make more money in the future, but people don't see that. They think the opportunity cost is I've lost money now. I'm like, no, you can actually make more money in the future because you can compound and add money. People can't see this, and so it doesn't bother me. Um and you know, I've gone through all of these in the past, and I now now know what to do, which is just buy the fucking dip. You fucking idiot. You fucking idiot. Unless, you know, all suddenly you believe that crypto's never gonna come back, it's never gonna get used, it's all which is just so improbable. So then just buy the fucking dip, you idiot.

SPEAKER_08 38:32

So I'm gonna provide one data point here, Johnny, and because I know you're gonna have some really good points on this topic. Bitcoin and XRP move not at the same time, directionally, momentum-wise, yes, they follow each other, but historically, because I was going through the data over the weekend, Bitcoin will actually move several weeks prior to the altcoins. And so, why is that important for our listeners to understand? Because when you listen to what the blockchain backer is stating in the update he put out this morning, Johnny, he said the bottom is in for Bitcoin, but it's not quite in yet for XRP. And why is that? Well, according to the blockchain backer, Bitcoin, every bear market, hits 10.6 million tokens at a loss. That already got hit for the Bitcoin price chart. Now, for XRP, that number is 43 billion tokens at a loss. We haven't hit it. We got to 41. Very close. He says it's even close enough to say if we bottomed out from here, it makes sense. But the data tells us there could be one final move to sub $1.92, 87 cents for XRP. And that's why I wanted to share that with our listeners because again, if you have conviction and we get that final liquidity wave, congratulations. This is the cheapest opportunity you've ever had to accumulate this asset. And it's the same asset it was 12 months ago. Floor's yours, Johnny.

SPEAKER_03 39:43

I could literally not have said it any better than what Raul, and I know a lot of people are bashing Raoul Paul in our in our in our chat here right now. But the reality is, Abs, he's not wrong. I literally feel exact I feel it's like I literally couldn't have said the same words. I could not agree with him more. I feel the same way. Nothing has changed. I could care less that we're down. I actually agree that this is the better time to DCA and double down into it even more. If you can, I have, you have uh folks who can DCA and double down. This is you know, to me, I couldn't agree with him more. If you have some extra disposable income and capital, this is when you buy. I mean, nothing has changed fundamentally, as I said earlier. Technology-wise, it's coming. In fact, we even have more proof that it's coming for the DCCC is launching it today, for heaven's sake. So the so it will be in July. So the point being is we are on the track, we are on the right track of these technologies becoming adopted. We're on the verge of it. And we're all policy said he's been there, he's done it, and you know, the problem with when you're in investment too early is you're in the investment too early. And so you over time, if you're in as early as we got in, and we've been in very early into this investment, you eventually start to doubt yourself. And that's what's happening with most investors, right? They got here very early, and they didn't realize that they were gonna have to wait four, five, six, seven years, and they were not prepared to wait four, five, six, seven years. Like, oh, I'm gonna get in today and get out in a year and I'm gonna be a billionaire. Yeah, no, that's not gonna happen. But the good news about being in early and something that we still we we know is coming is if you have the patience and you have the capital continuing to DCA, you can really, really, really set yourself up for massive generational wealth in the future, and that's what Raoul Paul is doing. He's just binding his time. He knows, he knows, like you said, the world is continuing to move digital. We have literally proof of all these adoptions that are happening. The DTCC and so many other institutions are gonna start tokenizing BlackRock talking about tokenization, security has already circuits, uh tokenizing half the world. It's already happening at us. So we're just waiting for a couple laws to get put in place, and then it's gonna be game over, and everybody's gonna be going, Oh my god, I should have bought on the dollar. Yeah, you should have. Well, now is your time. Here's the good news you can buy right now at a dollar, and you should and you're probably gonna do it.

SPEAKER_08 42:00

And this is so true. Like, people talk themselves out of out of it, and they both and they talk themselves into bad decisions, right? And this is the biggest difference that I've made in my personal investing journey is that I don't design my plans when the market's moving. I designed my plans years prior, I wait and then I execute. There's an echo, Johnny. That's why I keep muting it. Sorry. But guys, we do have 2,700 live listeners. We are in OT. If you're having fun, you enjoy this content, smash that like button as we're about to get into what I would consider the most important part of today's episode is a micro strategy product being developed for XRP. Johnny, I can almost definitively say yes. Let's just hope Michael Saylor's not at the helm. Here's the clip.

SPEAKER_04 42:39

We've been negotiating on the Clarity Act uh hardcore since last Labor Day. Uh, and it's been an arduous process. As you know, the major monkey wrench was thrown in it uh when the Genius Act uh revisions that the banks wanted uh became a huge issue for us. Uh and I'm really proud of um Senator also Brooks and Senator Tillis for working with the banks to find that compromise. We're still working a little bit on DeFi. We're working, that's illicit finance. We're looking a little bit on I do apologize, Johnny.

SPEAKER_08 43:16

I played the wrong clip, guys. That that happens very rarely, so I do apologize for that. I think this is the clip I was looking for. Let me just make sure it's the correct one here. Um, I'm looking for, I'm so sorry about this, guys. This is the one downside to having a thousand tabs. You can go look for here.

SPEAKER_00 43:33

It is our our mission is really to accelerate um XRP's institutional adoption. And this is like, I think, something that uh we've said over the years is that uh we're not disruptors um in the traditional sense. Uh we're bridge builders. And uh, you know, the the XRP ledger, uh companies like Evernorth uh bridging traditional capital and bringing that on chain. That is Where the market is headed. That is what we need for markets to scale that last missing piece of financial institutional capital. So, Johnny, our mission is really to accelerate XRP's institutional adoption.

SPEAKER_08 44:15

Their mission is to accelerate the institutional adoption of XRP. So, again, why is this relevant to us? Because I wanted to break down why this creates an opportunity for regular retail investors. And we're going to make this very quick, guys. We are in the overtime portion of today's show. If you're having fun, smash that like button. We're at 665 likes. The goal for today can we get past that 700 mark during the OT portion of the show? Now, here's what's interesting, Johnny. The Clarity Act prohibits retail platforms from offering a passive yield on spot crypto, but explicitly allows institutional treasuries like Evernorth to generate a yield through their active treasury management. So this regulatory moat forces yield-seeking institutional capital into XRP through the XRP and ticker symbol. What does that mean? Passive income for the rich guys, well, let's little guys get to admire them from a distance. Floor's yours, Johnny.

SPEAKER_03 45:04

Well, I mean, listen, what I this is what I love about this whole thing is now you have a company like Evernorth that has a fiduciary responsibility to grow the value of the stock. And the way it's going to grow it, apps, is through generating yield for XRP, which means their main job is to figure out how do you make money on XRP. I mean, you could not ask for a better situation. You want somebody or some company out there figuring this out. You want them figuring out, hey, how do I take an asset that doesn't generate yield and then go generate me some yield? And that's that literally their whole entire focus is going to be just that. You almost could not ask for a better or a better situation, right? And that's exactly what we're doing. So for me, that's a beautiful thing. You've got uh and and the other thing I like about this apps is you don't have Ripple focusing their time and resources on trying to figure out how to generate yield, instead, they're gonna focus on how to improve and delay technology and go get adoption, right? And then you got Evernorth that's gonna go and figure out how to generate yield, and both of them at the end of the are gonna result in potential more use cases for XRP, which ultimately at the end of the day drives the price up, and that's a win-win for everybody.

SPEAKER_08 46:09

And of course, the truth if we see a $50 XRP, if we see a $75 XRP, and I'm asking this in a dead serious way, would you still do this show? Right? Because it and I don't, and I know you probably would, but this is a question that a lot of people have to ask themselves. It's like, what happens if you make the money? What happens if we're right? Because a lot of people are leaning into the fact that we're wrong, it hasn't happened yet, I'm losing conviction. I feel totally opposite. I feel like we're we're closer than ever to seeing a double-digit XRP. I don't care what the price charts tell me. I can look at the products that are being developed in the background and draw my own conclusions. And so, what did I see in the Clarity Act here, Johnny? Section 404 in the Clarity Act strictly prohibits stable coin passive yield, but allows for institutional investors to earn on their spot crypto through institutional vehicles just like Evernorth, which actively manages customer funds and XRP holdings. What does that mean? It means that they can take Johnny Crypto's cash, turn it into XRP, and then participate in lending, liquidity providing, validators, or any other DeFi product that exists on the XRP ledger to generate a yield and increase your share. That is something that just gets me really excited because again, it incentivizes people to double down on the product, but it also allows us to earn. What do people talk about? Like, remember this. There was a quote back in the day you get to a million dollars, you can live off the passive income. That number's now like 5 million, right? For you know, if you want to live wealthy. $5 million, 4% per year. That's $200,000 a year. Imagine if that was compounding in in Bitcoin or of course in XRP in this example. Well, then you have the compounding of the price appreciation to add on the amount that you're earning. This is the opportunity that institutions are just learning about and aren't even leveraging yet. And that's the massive opportunity that I think is going to be presented after the Clarity Act is passed in 2026. But we just passed 700 likes on today's episode. If you had fun, you enjoyed today's content, smash that like button and subscribe to the channel, of course. We love and appreciate all you guys. Hopefully, you go out, touch some grass, hug some family, enjoy the summertime. Look at Johnny Crypto. I think we can say you're in Connecticut. People know that. That's that they can't track you down from that standpoint. Look at the beautiful weather in Connecticut. I got a similar day in Boston. We got to enjoy the sunny days. They only come so often. So get out, touch some grass, hug some family, enjoy the day. We love you guys. We appreciate you all, and we'll see you in the next one. So, if you're looking to implement the same strategies that we do here on Good Evening Crypto, I would encourage all of our listeners to click on the Merlin link below and sign up for iTrust Capital as well. Now, why are our listeners going to do this? By leveraging the Merlin application, you can create a profit plan for yourself so you know exactly where you're gonna be exiting this market. But leveraging iTrust through a Roth IRA product, you can take advantage of tax free crypto gains during this crypto bull market. So I would encourage everybody to click on the link down below, sign up for iTrust today, and take advantage of our $100 free sign up bonus.