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Welcome back to the show check out these Headlines we have for you a congressman Says stable coin legislation could be Very very close you're going to want it David Schwarz talks about xrp price Better High than low I agree with him we Got that and so much more somebody roll That beautiful Intro digital perspectives with Brad KES Come on in In welcome back to the show you can Follow us on Twitter Youtube and dig Prospects.com for exclusive content Right now $ 2.71 trillion market cap for Crypto to Market is off by 3.1% 68,69 billion uh market cap uh right now For tether xrp at the number seven spot 60 cents we're off by 3 .7 on the 24 and Off by 6.5 on the 7day range of price Very quickly now between 60 and 63 cents We'll keep an eye on it but we're Hearing that there could be a break to $1 for xrp within the next seven or Eight days so head on a swivel out here And while we're talking about head on a Swivel get your tickets to xrp Las Vegas Take a look Here There you have it get your tickets Ladies gentl let me tell you this is Going to be a remarkable conference I Know you've been hearing me say it but Let me tell you something we have Already sold out of VIP
Tickets the only thing available is the Two-day general admission ticket and the Afterparty ticket if you have not gotten It please go get that ticket I want to Meet all of you and by the way we are Setting record sales with every ticket That is sold now I'm telling you this is Going to be A a spectacular event and it is going to Be the kind of conference that truly Will be one of the most important Conferences you will ever attend because Of the moment of time we were in and the Way we have scheduled the events with Speakers and panelists to address the Topic of the conference which is the era A new era of Finance and that's exactly what we're Going to be talking about from start to Finish it is going to be so exciting get Your ticket today I oh my gosh I can't Wait I I I want to meet so many people And today is April Fool's Day and Tom Emmer's feeling it today well this is a Good one he says the SEC is a good faith Regulator April Fools go time Emer yeah and here's Anthony Pompano I want him to give us The part about the US Dollars lost 25% Of its purchasing power in just four Years while Bitcoin is gained 800% we Know a lot of that has been in due to The uh approval of the Bitcoin spot ETFs Take a listen to this clip it's lost 25%
Of its purchasing power since 2020 Bitcoin is up 800% during that same time Period and so if we go back to 2020 if You remember Paul tutor Jones Stanley Duck Miller many these people came out And said look I think it's an inflation Hedge now Hedges are always this weird Thing where people expect you buy it and Then inflation explodes the next day but Instead what we've seen is that Bitcoin Is a free market asset that trades Forward-looking and so bitcoin's rise It's up we have seven straight months of Bitcoin in the green uh up till this Past month and so why is it going up Some of it is ETF down well inflation is Coming down year-over-year but it's Actually but inflation is actually going Up month month it's anticipating the Next the next easing cycle it's what It's anticipating so you could argue one It is anticipating the next easing cycle You could also argue the alarm Bell is Going off and actually inflation is not Coming down month over month it's going Up and people see that and they're Buying Bitcoin and so Bitcoin going up Is telling us wait a second inflation is A bigger problem than we actually Thought you know there's a point in There and I think he's got a point Because I think that when you understand That the ETFs the spot Bitcoin ETFs are Opening up the uh ability to get
Exposure to the asset through the ETF They're not coming to buy it directly They're getting exposure to it through That ETF product through a black rock or Fidelity or whoever they choose to go Through And to the point that pom's making here Understanding the loss of purchasing Power over the last four years knowing The inflation may be projected to come Down at some point does it mean that It's down right now and to the point That he was making that's why you're Seeing Bitcoin month on month over month Still going up because you could make The argument that it is a hedge I got to Be honest I've said this on the channel Multiple times I'm going to say it again And day in light of this comment here in This Segment and it's this the approval Itself of spot Bitcoin ETFs is evidence Enough to me that not only is inflation Here but so is a correction or collapse Coming to the traditional stock market So head on a swivel out here ladies and Gentlemen I think there there's quite a Few signals in there just like this is a Signal bricks are planning some big Announcements this year that the the Summit is going to be all about Expansion and the introduction of a new Currency among other Hot Topics that's Right the brics Coalition which now is
Expanding up to 14 Nations as many as 30 Plus want to join the brics Coalition Brazil Russia India China and South Africa recently in the beginning of 2024 We saw Iran the UAE and Saudi Arabia Make their Moves to join bricks You know this is getting bigger and Bigger and bigger we know brics has a New payment system Platform we know that that is all an Intent to uh obis and work around the Swift and the Swift sanctions so the Swift messaging system and the sanctions That come from the US through it you Know all of this is being set this is we Are that's what look crypto is a very Small piece of the Pie it is the Tok organization of the World that is the largest is the pie That is the pie Right so I you know there's a difference Between my channel and most other Channels out here right I'm not chasing Green candles I don't do meme coins and I'm not Downing anyone that does I hope You make a gazillion dollars but I got Here by way of understanding that there Was a new Financial system being born as As well as a new asset class to come Along with it and that's why I'm here And this is evidence that that is Absolutely on point more than ever and So is this over1 billion dollars in US
Treasuries have now been tokenized on Chain now this is showing ethereum Polygon and salana and other blockchains Helped in part by the recent launch of Black rocks USD institutional digital Liquidity fund so that we know that Those Protocols are being used as of now And don't forget Raul P pal excuse me Likes to remind uh people every so often Xrp is something you got to watch out For well you know Pomano did not like Hearing this just owning Bitcoin or any These other assets and so to your point There's a complexity of not only Understanding where is usage happening Where developers Etc but that doesn't Always necessarily translate to the best Returns either so you have to really Balance some of these things and kind of Think through that complexity I mean xrp Is another one it has use there's plenty Of use but it's it's not the best Performing asset it's just it's a Blockchain that gets Used you can see Pompano's head just Turn like a dog for a little bit I mean Xrp is another one it has use there's Plenty of use but it's it's not the best Performing right There it's almost like a dog when he Hears a whistle and people can't hear He's like what you know he's trying to Keep it straight but you know what Everybody's going to find out because
Legal Clarity and Regulatory Clarity is Going to show everybody what's really Been going on around here just like we Know HSBC partnered with ripple just Like we know HSBC using Medico for Tokenization of their institutional Products and we also know HSBC launches Tokenized gold product in Hong Kong we Covered Earlier diamonds are now being tokenized You know it's Happening hakku bank or hokoku bank bank Launches Japan's first deposit back Stable coin here we go now anyone with Hokoku bank account can use the Deposited stable coin to shop at local Stores this you know we're next we are Next we are not that far away how do I Know well you're going to hear this is Representative Congress man Wy nickel Right here and listen to him talking About passing the stable coin bill right Here in the United States there's two Issues you know passing a stable coin Bill which I think we're very close to With you know our ranking member Maxine Waters and and Democrats uh talk to the FED about it they're I think what I Would say is a very good place for Getting stable coins done and then the Digital assets Market structure Bill to Get you know regulations uh you know for The for for for the for the industry Here um rules of the road you know
That's that's what we're we're pushing For those are the two things where You're going to see votes on both of Them in the coming months and for me as A you know moderate Democrat I'm trying To do all I can to boost the score of Democrats on these issues when they get To the floor so that we have the Momentum to get it done through the Senate that's that's the the main thing That main task at hand for me is how can We continue to get more and more Democrats on board making the the Progressive case for why crypto is so Good why you know we need to to do Everything we can to support this Emerging blockchain industry uh has a Chance to just change the lives for all Of our constituents in a really positive Way that's the kind of knowledge Attitude and direction we need from all Of Congress and I'm tickled to death That Wy nickel gets it and he's doing Everything he can to educate other me Members and constituents on the hill so We can get pointed in the right Direction very quickly and the reason I Say that is because this new Financial System the greatest Financial paradigm Shift in the history of mankind is Happening now and because the world Reserve currency is the United States Dollar you're going to find out just how Important stable coin legislation truly
Is soon enough because if you're not Aware of it stable coin legislation Really essentially equates To tokenization real world asset Tokenization that's what that kicks open That's the door that gets kicked open With the stable coin legislation Bill if It's done Right here we go to David Schwarz he's Uh taking on the the question Ripple Preferring low xrp price for payments is Senseless says David Schwarz the higher The price the less xrp would be used for Transfer money cross border this is the Article now we covered this over the Weekend it was a great conversation Between Molly Elmore and David Schwarz And then it extended from the Conversation that began which was over Proof of stake becoming potentially Targeted by the SEC as a security as Proof of stake and that conversation Blossomed into this question which was Xrp Portugal says more concerning than That David he said I believe is that Some xrp holders are now saying that you Never meant to say that xrp needs to Achieve a high price for its use case to Be efficient any thoughts on that would Be very appreciated and we do know that There are lots and lots of influencers Out here that have chosen to take a path That you know it's a negative outlook Towards Ripple they're trying to split
And divide the community when it's Really kind of adolescent approach to What's happening in the space we need Legislative Clarity and we're going to See all the demand you could ever want For entrepreneurs innovators and Developers alike to rush to The xrp Ledger I truly believe that you're going To see that because they're waiting for That Clarity right and we still have a Portion of the SEC case hanging over the Heads of everybody in the space that Belong or associated with ripple or xrp So there we have that however he goes on To answer the question here David Schwarz responds and says I did did say That the higher the price of an asset With a fixed Supply the more practical It is to use that asset for payments or As an intermediary asset the argument I Was responding to at the time was that Ripple would like to see the price of Xrp go down because xrp would be more Useful for payments if it were cheaper That argument is Nonsensical and I think most of us the Adults in the room really do understand That but that's where we are on that and I appreciate David clearing that up Because there have been multiple uh People in this space that try to contort Or twist or deflate the comments of Someone like David Schwarz to suit more A narrative they would like to see take
Place and we have to remember that that Is not the case no doubt about it and Don't forget you'll be able to see the One and only David Schwarz on stage at Xrp Las Vegas talking about the ever Expanding xrp Ledger the newest Additions and features and who knows Maybe even what's next can you imagine What excites David Schwarz about what is Coming in the future I can only imagine But you know what we're going to find Out at xrp Las Vegas make sure you get Your tickets at xrpl vegas.com or click The link underneath the video before They're gone and make sure you get your Room at the MGM Grand and stay right on Site it is a beautiful facility they had The best shops and foods and just a Great atmosphere you're going to love it So make sure you get your room before That's booked up because it is getting Very very slim out there ladies and Gentlemen I don't want to see somebody Miss getting a ticket all right well It's not Financial advice of me or Anyone else and we're about to go into The freedom Zone and I hope that you Guys will join us for this one today we Are taking on the greatest threat to Bitcoin ladies and gentlemen and quite Possibly crypto Itself we are going to get into that Right now you need to know about it if Your portfolio's got crypto in it you're
Going to want to know what's going on Here join us in the freedom Zone you can Support the channel for almost next to Nothing dig perspectives. click the Freedom Zone and come on In all right
