Ripple/XRP- It`s Almost Time- XRP Becomes King, Ethereum Got Trouble, Is Bitcoin Next?

Ripple/XRP- It`s Almost Time- XRP Becomes King, Ethereum Got Trouble, Is Bitcoin Next?

welcome back to the show everybody and
it may be Sunday but we got a fun day
coming there’s a lot to go over somebody
rolled that beautiful
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intro digital perspectives with Brad KES
come on
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in welcome back to the show you can
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prospectives for exclusive content right
now $2.49 trillion market cap for crypto
the market is up 2.2%
63,500 plus for Bitcoin 3200 Plus for
ethereum 110 billion plus market cap for
USD tether what will happen in the
future and maybe the near term with USD
tether we’ll see 51 cents for xrp at the
number eight spot we’re up 6 on the 24
and off by 1.8 on the 7 day but that
ain’t stopping us it’s ranging between
52 and 53 C we’ll keep an eye on it
right now there is 4 days left till xrp
Las Vegas and I want to let you know
right now futureof digital asset.com
assets.com futureof digital assets.com
to get your ticket to have private
dinner with all of these amazing people
and you know what I’m going to be there
digital asset’s going to be there Mrs
backup’s going to be there it’s the
digital chamber so perryan boring Cody
Carbone and the rest of the team from
the digital chamber will be there this
is going to be an incredible time but
here’s the news you need to know there’s
a discount code to get 25% off the
ticket and it is
589 that’s the that’s the your referral
code your discount code use 589 when
checking out to get your ticket but
here’s the news you need to know tickets
for this event are going up on Monday
the 589 discount code for 25% discount
still applies but the price is going up
on Monday so you need to know those
things so make sure you get your tickets
ladies and gentlemen meanwhile 4 days
till xrp Las Vegas oh my
goodness and I’m super excited because I
saw that Emy yoshikawa is going to be
attending xrp Las Vegas and you know
what I was like I so excited for xrp Las
Vegas 24 we have so many incredible
surprises waiting for all the attendees
and I’m so excited that Emmy is going to
be joining us and I remembered cuz I
said I remember meeting her uh at Apex
Vegas a couple years ago it was so nice
to meet her we can’t wait to connect
with you again and she shared the
picture the selfie that we took together
at Apex well Emmy you may not recognize
me because I’m about 40 at that picture
I’m probably 45 pounds lighter so look
for a name tag no I’m kidding it’s going
to be so great this is going to be
amazing but this is the kind of
connections you can make and it’s just
really lifel lasting it is so so h i I
can’t even you can’t unless you come I
know a lot of people say what’s the big
deal about a conference but until you
start attending conferences you just
can’t really put it into words the kind
of deep connections and empowerment of
information that you’re going to get
while you’re there right here let alone
the magnitude of everyone being in the
same place that is interested in the
same thing wait till you feel the level
of energy uh I’m telling you you’ve
never been in an event that is this
positive and high frequency you just
haven’t and until you come you you will
know once you come let’s start right
here because there’s a lot of shakeups
happening in the digital asset space and
I don’t think that they’re going to stop
anytime soon Ashley Prosper says here
xrp Community I wouldn’t be surprised to
see the SEC disclose information about
ethereum that goes back to 2014
pre-ic in response to the lawsuit from
consensus remember uh they already
disclaimed citizen Henman in the Ripple
case
and they have an uh office of Inspector
General report on Henman in eth Gate
ready to drop at any moment she’s
absolutely right here and I wanted to
highlight the fact that you know it was
Jay Clayton it was William Henman that
were there at the time of eth gate right
Gary gendler came in after he was at MIT
when all this was going on but we have
to remember I double down I think she’s
right here I think Ashley’s got this
Gary gendler went uh went there during
eth gate went plus Gary Gensler went to
MIT during eth gate and free pass and I
don’t think he’ll care that it all comes
out you know he’ll take credit for
cleaning up the mess without mentioning
he always thought eth was a central it
was centralized all the way back to his
days of teaching at Dem that’s that’s
the kind of Calamity we’re in here this
free pass that happened for ethereum is
a mess and listen and I don’t I’m not
saying this as a maxi I say this as a
United States citizen as an American
Patriot the way this was done was giving
favor to a
network right we just heard yesterday
about how all the developers on the
ethereum network are now scared because
now they’re being investigated
individually as well as the actual
larger picture here and this is exactly
what I’ve talked about you know this is
why you know it’s not all about the
developers it’s all about the entire
Community the entire Community is at
risk
there Brad garlinghouse is not a
developer but you know what his ass got
targeted Chris Larson got targeted
Ripple got targeted right I mean you
know that’s the thing that’s why Clarity
is the Log Jam
here make no mistake about it what is
the different look there is already a
regulated internet and the dark web
what’s the
difference one’s regulated the other one
isn’t
the whole idea of Gary gendler’s
approach from where I’m standing is to
establish exactly that we are moving
from the intern Internet of information
that we currently are using right at
this moment to the internet of value and
the only way to establish the the the
the regulated
internet from the dark web is to create
a period of time that everyone in the
world recognizes that that was the
unregulated
era now that we have the
Telecommunications Act 1996 wink wink
the internet took off in a regulated
fashion that’s where it all started so
again stable coin legislation looking at
today we get that passed I believe that
becomes that same moment for the early
days of the internet as it will for
distributed Ledger technology and the
tokenization of real world assets
asss that’s what we’re looking at but
there’s a lot yet to be done then take a
look at this Lyn Alden shares us
prosecutors say Bitcoin is money it’s
Schrodinger’s money it’s a speculative
asset when they want to describe it as
not
important but then it becomes money for
the purposes of laws regarding money
transmission and then back to a
speculative asset
again as you can see in the Dem
demonstration written here so James
metal law man Murphy says exactly what
I’ve been saying since Ripple’s been
sued and everybody’s confused what I’ve
said as Maxi talk but it isn’t he says I
understand they are busy running up the
debt he’s talking about the government
approving warrantless searches and
keeping our borders open but maybe
Congress should find some time to pass
laws to clear this all up that’s exactly
right there are many different ways and
examples where you could find Bitcoin
described as a speculative asset and
that it is money that it isn’t money and
I said this probably a year ago on a
Twitter space with the digital Chamber
of Commerce which is now the digital
chamber and some other Bitcoin uh people
that were in there at the time and my
concern was is why is it no one thinks
Bitcoin could be targeted this is Gary
gendler we’re talking about here and
listen it’s this is about whether I
think bitcoin’s good for payment we know
Bitcoin is not really good for payments
right in its current state and that’s
okay because people like it to hold it
like they do gold right that’s fine I’m
not taking a swing at it I’m just saying
let’s understand what its strength has
become right
so understanding that I got it okay and
as long as Black Rock and Fidelity are
holding it allowing their clients to
invest in it that’s my signal that I can
have exposure to it too because I try to
stack my pennies next to their dollars
whether I feel good about the asset or
not I’m trying to make money right so at
the end of the day that’s how I see this
but this is why I have said for so long
that this diagram right here is very
very pertinent to
understand the SEC crypto war strategy
is to sue each different type of
technology and value protocol and use
case to get legal
Clarity ethereum’s up on the docket def5
money market already been hit blockfi
got hit Ripple’s been hit may give
clearance to stellar and xlm because
it’s very you know obviously it is a
copy of the technology even though one’s
for profit one’s nonprofit nfts ain’t
really been hit hard yet they’ve had a
couple cases but the thing is is they
keep going for this legal precedent and
at some point somebody has to sue a
proof of work te technology whether it’s
Bitcoin or otherwise to get some kind of
legal definition on it ethereum’s up up
to bat right now with the proof of State
issue right telling you this diagram is
super super on top of what’s going on
and once they get legal rulings and all
these different uh types of technology
and business models that’s when Congress
will do legislation for the entire space
you
watch and we know also that vulpe Ripple
partner process module uh and its
benefits to Ripple connect but all of
this stuff and I’m not going down into
this state we know Volante has been a
ripple partner in using their in their
Tech stack for years right this is not
breaking new news I’m showing this to
you because in order for the world to
move to using this technology in their
processes inside their financial system
and business models we’re going to need
to clear some things up and like smoke
dog has been going on about for a few
weeks now in for the right reasons I
might add uh under existing UCC which is
uniform commercial code see there’s many
different layers of connecting and
building the infrastructure that Ripple
has been building for more than a decade
inside the back end of the financial
system doing the work that no one else
wants to do doing the work while
everyone else does pump and dump
projects right or says it’s all about
the builders and that is probably code
for it’s all about the pump and dump
tokens if you’re not careful not
everybody’s that way but you need to
know some are but the reality is is
ripples had their head down building
Market infrastructure on the back end of
the entire Financial plumbing
system how do we know that because this
is Jess Chang former Ripple legal
council specialized in UCC article 4A
which is allowing for all of these
things to work together in the new
Financial system and plumbing rails
involving distributed Ledger technology
and obviously the core of the FED now
system just take a quick listen of Jess
changing former Ripple legal council uh
so I am the vice chair of the payment
subcommittee of the UCC committee the
payment subcommittee of the UCC
committee okay so one of our substantive
committees here in the in the business
law section is dedicated to all aspects
of the Uniform Commercial Code and you
are affiliated specifically with its
payments subcommittee that’s right how
about that and I’m sure that’s an
accident right you know just so happens
at Jess Chang former legal Ripple
council is really the head of that you
can’t make this up come on you guys get
where this is right UCC article 4A
equals all fed now
transfers I mean we can’t make this up
ladies and gentlemen this is what we’re
talking about right this is what we’re
talking about
so look none of this stuff can happen
unless all these little te’s and eyes
are dotted and crossed and who is always
at the table to make sure that these
things happen
Ripple and why would they need to do it
now because the Federal Reserve has gone
to $34.5 trillion problem and it’s still
growing JP Morgan Chase uh uh JP Morgan
Chase in Bank of America suffered a $4.5
billion loss as an unrecoverable debt
Source you cannot continue to take those
kind of hits you can’t have those kind
of bad
weekends because this is the real moment
of time that we’re in Ray doio is going
to tell you indicators of when a uh fiat
currency is going to decline okay
into um you know collapse is when those
who are holding its debt sell the debt
and the government Central Bank has to
print money to buy that debt in large
size while that’s going down okay let’s
stop right
there and we know the real problem is
and every world leader knows it I’ve
showed you this diagram before the last
five Global Reserve currencies since
1450
Britain France Netherlands Spain and
Portugal
USA just hit 80 years two of the last
five Netherlands and Portugal had a
lifespan of 80 years so whether we make
it to 105 or 110 years or 95 years like
the other currencies now is the time to
make the change right now’s the time to
make the change so what do we know
here’s what we know remember what Ray
Delio said
a sign of a signal of a currency
collapse is when the other countes start
selling the debt off and the your
country has to print money to buy that
debt back that’s exactly what’s
happening right here and Sean McBride I
believe is right this is just the
beginning China and Russia right or
China and Japan he’s showing here with
this the thing so uh they China dumped
74
billion billion dollars worth of us
treasuries in one year
a’t that what Ray just said ain’t that
what Ray just
said going to decline
into um you know collapse is when those
who are holding its debt sell the debt
and the government Central Bank has to
print money to buy that debt in large
size while that’s going
down
yeah 74 billion dollar worth of us
treasuries dumped by China at one point
they had3 trillion worth of us
treasuries well under a trillion
now then we see Ross laau here from the
IMF who has also got an incredible track
record also spent time at the bis as
well uh we see uh massive connections
there we know Ross has highlighted that
Ripple is really giving guidance to one
of the largest fin cial entities on
Earth we are engaging very closely with
the private sector in the industry and
last year put in place a high level
Advisory Group of Industry leaders from
the private and public sectors to help
guide us in our work on fintech I’m very
happy to say that Chris Larson one of
the co-founders of Ripple and Sendo M
from the monetary authority of Singapore
are both part of that group and we’re
very grateful for the work the advice
that they give us
giving great advice to the IMF the
international monetary fund imagine it
you’re not calling
us Ripple joins the bis task force for
crossb payments are we all seeing where
this is
going like I said it may be Sunday but
it’s a fun
day and how are we going to get to a
$200 trillion market cap in the next
decade because egg rag crypto is showing
us it’s on the charts baby well to me
the way you get there is through that
stable coin bill because that stable
coin bill is really a tokenization bill
and we know the larger part of the world
is the traditional economy and all the
financial products that exist inside of
it and every one of those things has to
be a payment of some sort at some point
a transfer or a payment made right so at
the end of the day this is going to get
real interesting but not until I believe
it starts with the stable coin Bill and
then we’re going to still see many
multiple rounds of cases brought against
different Technologies in this space to
harness it get those legal precedents in
place so then
eventually after a few years you will
see Congress write crypto leg
legislation more broadly and more
specifically tailored to all the other
instruments out here outside of payments
and we’ll see what goes on when we get
there right now we’re going going into
the freedom Zone not Financial advice to
me or anyone else and boy oh boy are you
going to want all of this ladies and
gentlemen you are going to love every
single bit of this and why you won’t
want a Chinese Yuan for a global Reserve
currency I know most of you know but
wait till you see what I’m about to show
you today inside the freedom Zone not
Financial advice of me or anyone else go
to dig prospectives docomo Freedom Zone
and come on
in all right welcome back everybody this
is super disturbing but

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I’m not a Licensed financial advisor. All videos on this channel are for educational purposes only.You should not buy,sell,or invest in any asset based on what I sayin these videos.You should know that investing