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Welcome back to the show we've got the One and only Raul pal from real Vision On the show today we're going to go over The current state of the crypto Market Regulation legislation stable coins Cbdcs Bitcoin Ripple xrp you name it we Cover it somebody roll that beautiful Intro digital perspective with Brad KES Come on In link to ladies and gentlemen private Investing at its best with the best Opportunities in the world become your Own VC that's what this world is turning Into and link to is making it happen This is an opportunity to get access to Some of the best private equity in the World Ripple private Equity is on this Platform again for how long no no one Knows so if you're interested click the Link to my sponsor underneath and get Some before it's gone now let's get to This interview with Raul pal real quick Before I let this go what a wonderful Conversation and I just want to tell Everybody Raul has a new YouTube channel Keep an eye out for it it's going to be Incredible he's going to tell you about It in this interview and I also want to Tell you too and encourage you to join The freedom Zone click the link to join My freedom Zone there is going to be an Exclusive clip inside the freedom Zone That Raul pal touches on and tells us Exactly what USD tether is and you're
Going to want every single bit of it Click the link and join the freedom Zone Enjoy this interview shout out to ra Raul go subscribe to his new channel the Journeyman it is amazing and it will be Amazing and so is this interview here we Go right Here all right we're here with the one And only it's Raul pal from real Vision Raul how are you today I'm great thank You I'm in Miami today on my way back to The Cayman Islands well that could never Be different backdrop I love Miami it's Amazing yeah I do too actually it's very Cool yeah it's such a great City no Doubt about it all right so look there's A lot going on there's certainly you Know so many insights that you have that I'm such a fan of and I know the Audience is too but before we get Started you have a brand new YouTube Channel and I want people to know about That tell us a little bit about that Roome yeah so I've always appeared on The real Vision YouTube channel and People were just like well we just want To get your stuff so we know where to Find it so we SP up a separate one with Real Vision which is called Ral pal the Journeyman and the Idea is it's meang on this journey of Understanding knowledge discovering this World of macro crypto technology how These worlds meet what it means for all
Of us and we can invest in it and also Other things in my journey too you know I we as we were talking about just Beforehand I love music I like wine I Like travel I like stuff and so I want To bring people on and talk about that Stuff too Wellness all the the things so It's my journey and everyone's kind of Invited to come along we we'll have some Amazing conversations with some really Amazing people so just go to on YouTube It's just uh uh Ral pal the journey man Well I certainly will and I love music In wine there's no doubt we could Certainly hang r no question about it But you know talking about the idea of Macro Concepts traditional markets Crypto and these things Crossing and Having a Crossroads just like your Channel uh we are hitting AC crossroads Right now and just as recent as Yesterday Larry fin from Black Rock said That their institutions are essentially People are looking for a flight to Quality and then talked about US Treasury bonds gold and Crypto what is going on Maybe Larry's just slow to catch on I Mean this is the reason I got into this Space in 2012 13 right because we had Gone through the 2008 Crisis I I was in Europe and went Through the European banking crisis and The Sovereign crisis we thought all the
Governments were going to go bus and all Of the banks we had Cyprus where they Took all the money of people's bank Accounts and so I realized that we Needed an asset that was maybe a bare Asset that we could keep hold of and the Only one really was Gold and gold is not easy to deal with You know it's big and heavy and you got To get somebody specially to store it And all of this and that's when I Discovered Bitcoin at the time and how I Could self custody this asset nobody had A claim on it and I think Larry's now Seeing the Ripple effects of that you Know because this debt crisis keeps Rolling right we keep building building The debts keep building the debts the Economic growth is too slow to service The debts and so the next phase of this Was these um Regional Banks and Larry can see look around him And see that JP Morgan essentially is Eating the World people have very limited Choice Here and there's going to be an appetite For it um so you know what's interesting Is an institution like Black Rock Doesn't go into things likely don't Forget they started talking about this In 2021 so we knew they were coming so I Imagine that they've probably been in This space since about 2017 and they've done the research and
The work and everything else now a lot Of people say well black Rock's got X Trillion dollars under management yes But that kind of a lot of it's index Funds and stuff like that it's not like Larry waves his fist says let's buy 10 Billion dollar of Bitcoin it's not how It works right it's a customer driven Business they have demand they sell it To their customers um So it was interesting to see somebody of That seniority at that level of the Finance industry talk about the flight To safety these are things you're not Supposed to talk About but black Rock's not not a bank The sort thing Jamie Dar can't talk About you know it's very interesting Because when I heard that remark like Most other people I was like wow this is A real call to action here you could Hear in that that change of narrative is It a call to action or is he just Pulling everybody's chain because he Knows it's a narrative and he can sell Product well now he goes on and goes the The world's going to end by my ETF right Does he really believe it or care Because he'll be fine so just I I always Observe these things I go one step back And go why were they saying that oh well Now we get into the talk in the book and All that to go with it right so oh I Love this oh we're going to have a real
Conversation day I like this R you know Uh yeah because you know you have to Wonder you know when big players like This begin to talk their book in the Media what is really happening right They were talking down on Bitcoin in 2017 2018 time frame and crypto in General and they were probably as you Said accumulating then but they were Actually having downward pressure just By I don't think they were accumulating They were accumulating the research they Would just okay research in like that You need to get your people on board There'll be one person who's been Begging everybody to pay attention Everyone says no and then eventually you Know they start assembling a team to do It so I don't think they've been Accumulating per they might have had it In a couple of places but not really I Gotcha so now with the onset of an ETF Approval this is going to create a great Demand to gather up as much Bitcoin as They can to support the actual ETF to Offer it to clients right I mean what Does this look like to you So how I frame this again there's a lot Of noise online from people who haven't Been in the financial systems like black Rock's going to own all of the Bitcoins It's not it's a client driven thing it's A fund right and you you buy a share of The fund and that gives you your access
Of Bitcoin not like they front run you Into all of this Stuff but how I think about it is we've Got two worlds out there trfy crypto MH and the ETF is Probably I think of these as kind of I Think of the crypto world as like a Digital nation state in that kind of Bagy idea okay and what we're building Is a trade Agreement so you can get direct Investment from the trafi world into the Crypto world so these are kind of trade Agreements this one e um spot ETF and That allows money to come into the System which the system desperately Needs right now because the crypto Economy has not been growing yes yes it We might be in crypto spring so it's Come off the lows but the econom is slow We can see everywhere the activity is Not great right now so what you need is Some new investment and that's what this Does it's a it's a it's a trade Agreement between trfy and crypto but Doesn't mean that anybody's GNA actually Do the trade they need to you know just Because we got an ETF just because Larry Wants to sell it to his Customers doesn't mean the customers Want to buy it yet so we have to wait And see is like we saw with the van um Um um eth Futures ETF they did a big
Marketing campaign did Everything almost zero volume yeah no One wants it so far right yeah that's Right well speaking of that you know Where do you see the state of ethereum Right Now I think it's exactly where it would Be after you've just gone through winter And it's a bit of spring so if you think Of what spring is like one day is Raining one day sunny one day you know It's like it's a bit me you know and so There's plenty of stuff going on Activities relatively slow because nft Market which is a big part of the eth is In its bare Market because it's an asset And it lags the eth economy like houses Lag the US Stock Market stuff like that So it's it's relatively slow but still It is the broadest based and deepest Economy of all of them yeah so for me It's just like yeah fine it'll it'll New stuff will come New Opportunities Will arise absolutely I certainly Believe that and when new opportunities Arise obviously I cover Ripple and xrp Heavily on this channel and as the Market at some point moves out of a Crypto winner R right you know will the Spring be as long as the winter that we Had yeah I mean it's been it's been Quite a long winter although you know Most of the space bottomed in October Last year eth bottomed in June then most
Of the space bot in October and some Stuff some alts are still bleeding Now So we've been that's almost a year since The bottom was In well it is a year since the bottom Was in So I actually think of these as onee Down Cycles threee up Cycles with the First year and a half Being kind of spring like and then we go Into summer and then we going to fall so So that all lies ahead for me and it Just feels that we just need a bit of Liquidity to come into financial markets We need any trigger maybe one of the Banks struggles and the FED has to do Something maybe the FED decide that you Know what yields are getting too high Now we'll need to cap them with yield Curve control or maybe they just see Inflation falling fast and they start Cutting rates but all of that feels like It's coming into play and the cryp Market will start St sniffing it out Early when you look at where we are in The market today and obviously the Previous cycles of bull M bull bull Markets and bull cycles and those things Will it be different this time in your Mind because you Know it's all been speculative driven at This point right so I'm in this space to See utility drive the market I you know
It hasn't been speculatively driven well Yes it hasn't and it hasn't so if I look At most of the larger blockchains they All have some Flying economic value being transacted You know there's there's transmiss um Transfer payments Transmissions all of That kind of stuff in xrp you know There's been lots of things from defi to Nfts coming out of eth you know Bitcoin Is its own thing the store value Narrative etc etc so we see that it's Just not broken out for the big Application don't when I got into this Space was 2012 I said well the financial System's going to go on blockchain Rails Here we are 11 years later we're still Not there we're just starting right yes But yes it is going to go there we see All the banks talking about it they're All working on they've got huge Blockchain teams to figure out and I was With some people last night here in Miami it's like the other issue is well If JP Morgan uses one blockchain let's Say they use xrp and Goldman uses eth Well how the hell are they going to move The assets so they need Sol Interoperability exactly because they It's too much of a career risk then to Choose the wrong blockchain if they Don't solve that but different Blockchains have different attributes And we U good for different things so my
View on this bull market that lies ahead Whenever it comes is it's more of an Everything everywhere all at once bull Market because it's my belief that a lot Of people have been working on Tokenization of real well assets the Financial system we've seen a lot of People experimenting with what we can do With nfts you know there's some big Breakthroughs like salana can can create A million nfts for 100 bucks okay well That means we can do ticketing you know You're from the music industry why is That not all you know why are the Tickets that we stick in a draw to prove That we went to an amazing concert 20 Years ago why is that not on nft of Course it should be and what can we do With that hotel rooms all of that stuff So we've got that with defi defi is Probably going to split between kyc AML VII because the institutions want to get Involved but they can't because of reg Regulatory problems and then there'll be Non verions of that and then we're Seeing a lot of Brands and other people Coming into the space and sports teams And that kind of stuff so I think all of This plays out in the kind of two or Three years ahead absolutely we've even Heard David Schwarz recently say that he Believes that we'll see real world Assets tokenized on the leder in the Next year year and a half which is
Extremely positive we're already seeing It so we're already seeing it So Franklin Templeton have a tokenized Money market fund somebody else has done Tokenized money market fund the European Investment Bank did a tokenized bond Issuance they're all experimenting They're all doing it and that's on E few That one was on E yeah but they're doing It on lots of different chains right so We're seeing a lot of experimentation Going on which is great yeah and I know That we're seeing some things like Hooks And the hooks amendment that was created Too to bring interoperability between The evm uh from over on ethereum to The Xrp Ledger as well which would be a huge Huge connector for that interoperability Conversation you were talk yeah because If not what a ridiculous world because Right now I don't know what computer You're on what telephone line you're on What modem you're using anything right We just click the button it works Absolutely and if if I want to send you Something of value let's say it's a bond Certificate and it's on The xrp Ledger And you can't accept it into your wallet Because your that world does just Doesn't compute right that does not work So we need to get we need to change that Yeah we do need to change that and I Think it's significant too right because It reminds us of the inonet versus the
Internet we're using today right we got To have that Interoperability uh now to pull back a Little bit to still speak to that Overall Idea stable coins cbdcs the on and off Ramps into this space right this is Going to be a big player too right rul So uh we have a two-tier banking system Currently right do you See uh you know the United States Obviously usually goes last they're the Largest economy in the world they Usually wait till the 11th hour before They're going to do whatever they're Going to do and it's painful but that's Usually how it goes but do you See how well more rather how do you see The US coming into the cbdc world is it A retail stable coin wholesale C Interesting really interesting is I Spoke to the the the chief fintech Officer for the um monetary authority of Singapore okay and he's like I spent all My time meeting With India Europe Switzerland blah blah Blah blah blah blah and he goes there's Two countries we don't speak To one's China and the other one's the US the US said they just won't even talk To us about we're trying to create all Of this you know with the bis and the IMF and everybody trying to create um an Ability to have stable coins because
It's such efficient way or cbdcs and Then wholesale payments versions as well To run the financial rails on and the US W engage with them that's what I heard Now that may have changed sure but that Was maybe six months ago or so um but They are coming and they're they're Coming fast and I think it will be a Two- tiered system I think there's you Know the Brits will have their pound Stable coin the Europeans will have Their Euro you know the Singapore will Have that Singapore Dollar then the US dollar itself which Is the main payment system for the world I don't think the UK or somebody will be Allowed to do that because it's not Their Currency and that's where stable coins Come in so stable coins are basically a Tokenized version or fractionalized Version of the euro dollar market which Is a confusing name but the euro dollar Market is back in the 70s the US had come away from the gold standard And they wanted to protect themselves Because they're like you know we don't Really know we've got the world's Reserve currency but these are all new Free floating currencies so they Basically had Capital controls on money Going out of the system and they also Had lending controls so they said listen Until we kind of figure out this new
World we don't want you lending out to All these foreign entities who now want Dollars because before it's pegged to The gold anyway so the so the Brits Developed a market called the euro Dollar market which is an offshore Market for dollars fed by these International Banks that could get hold Of dollars and then lend them to others But if you're in the Philippines and You're working in a rice field and you Want to send some money to a Friend or you want to hold some dollars You can't get them easily you have to go To your bank and they charge you this Huge amount of money if they're given to You at all and you know Philippines is Not uh you know not a collapsing Currency regime like Argentina Becomes even more preent so people want Access to Dollars and stable coins have Just kind of democratized access to the Dollar to anybody anywhere you know uh So all of this is now the digital rails Of money moving around the euro dollar Market essentially is like the stable Coin Market which is obviously a Wholesale version of this Cbdcs just basically get rid of um notes And coins and Allow a lot of different use cases and They should all interact with each other To your point uh former cftc chrisan Carlo uh Brian Brooks uh chrisan Carlos
Said you know the old adage he who has The gold makes the rules and then he Added to that he said he who controls The payment rails runs the world and Yeah what a statement that was and then Brian Brooks recently had said to your Point as well that you could see if the Design basically paraphrasing if the Design was right on on the uh Introduction of a stable coin let's say Right and the Integrity there the Privacy right to privacy all those Things like paper money you could create As he said a revolution from Below in These citizens and societies and other Regions of the world like you're talking About in the Philippines where you Currently see the bricks Coalition Trying to go to their own currencies for Instance and dollarize in a sense right But as Brian Brooks describes it if if You get something like a stable coin Right the citizens will be like no no no No I'm going to use this and I'm not Going to pull away from the dollar Because it's so efficient and so readily Available to Me yeah I mean there's a there's an Issue with hyperd Dollarization let's talk about that Democratize access to Dollars to Everybody uhhuh and it's the world's Reserve Currency then almost everybody could
Choose dollars and would choose dollars What does it do for other currencies What does it do you know these things Are Uh interesting questions it's like it's The same question that I got posed when Back in 2012 once I saw all the banking System and how broken it was and that Nobody owned anything I went around the World with um a few family officers and Some friends to transfer up the world's Safest bank and the idea is we would Just go to so you would give me money And we would buy Treasuries directly held at the Federal Reserve no intermediaries no fractional Reserve lending blah blah blah so we in The business business is setting this up We've had some really well-known people Joining the Consortium who we were about To buy a bank and we were in front of The Dallas fed who were friendly and They were like this is a great idea I'm Like oh okay cool they're like but we're Not going to let you do it and I said Why said well you're going to take all All the deposits from the banking System because if one source of deposits Is risk-free because it's held at the Treasury and it's giving the same Interest as all the others why would Anybody go to a different place for Deposit he says I'm not going to do it Which is the issue that happens you know
If you're not careful with stable coins And this is why the US is scared around This stuff right what does it mean if Everything is dollars how does does it What does it do to the US economy There's there's a lot of issues there Meanwhile the Chinese even the Europeans Are saying there's too much Reliance on The dollar because the US can bully us For anything because it owns the payment Rails so they're like we can get rid of Swift by doing Cbdcs um so we should do that for a Start because they shouldn't because the Pound is quoted against the dollar and Against the Euro but it's on us payment Rails so even if they're trading with The Europeans it's using Swift payment They set up the Europeans set up iban as A slight difference but this is there Like we can't have our sovereignty Threatened by one person you know it's a It's an interesting thing because in Fact when I look at like the bricks Coalition and what they're moving to do Inviting Saudi Arabia this past Summit That they had in South Africa um Inviting Saudi Arabia United Arab Emirates Iran you know uh they're Scheduled to join in January of 2024 now If they do that that would mean that 80% Of the world's production oil production Give or take is now inside of that Coalition now what's interesting about
That to me is is the Petro dollar Agreement right we have this mutually Exclusive agreement with Saudi Arabia And the OPAC countries that they Exclusively trade US dollar for oil Inside that Petro dollar agreement which Was put in place after abandoning the Gold standard so what what I'm seeing is There is something there is some kind of Moment coming where a decision has to be Made because Saudi Arabia just recently Started trading uh in in Chinese ywan Through the Shanghai Exchange for oil With China so they're starting to show Signs that they're pulling away from This exclusivity that elevates the Status of the US dollar any thoughts on That Ro yes yes they are trying to do it but It will take a long time yes and the Reason being is the world is 400% of Global GDP in debt and most of that debt Is in dollars so if you shut the Chinese Off the dollar market half their economy Collapses right And that's the same for everybody from South Korea to India to you name it Everyone's borrowed in dollars and isn't That the funny secret right the little Secret that nobody wants to tell is that Still the best assets in their portfolio Are treasury bonds right yeah that's Right yeah um and so you know China Diversified away from it by building
Infrastructure and doing putting their Reserves in other stuff but still their Corporations borrow a lot of dollars Because dollars is the international Currency so nobody can afford to move Away but I understand why you're a South African exporter of minerals and you're Trading with Brazil why you don't want the dollar in The middle of your trade transactions he It's costly and B the problem is is all Commodities are priced against dollars So South African economy and the Brazilian economy go up and down with The US dollar the Dollar's strong their Economy slow down if the Dollar's weak Their econom you know there's different Ways of that interaction They shouldn't have that maybe there's a More stable way of them being able to Trade with each other you know it it it Really shows me and again like you said This is a long transition whatever Happens here and it is going to be Critical I believe as the Brian Brooks And Christian Carlo working on the Digital dollar project that they get the Integrity design characteristics of a Digital dollar correct and if they do a Two-tiered system like a wholesale Cbdc and let's say a regulated prenti Regulated stable coin on the front end Maybe it's usdc I don't know or some Coin that looks like it it can't look
Like the current state of the way we see Social media run right we have seen Social media platforms work as a Outsourc censorship arm of government Administrations even you right you know There has to be some kind of credential Regulation constitutional standard to These things if they're going to be be As desirable in a digital realm as they Are in the paper world don't you Think you know the truth is we won't Have a choice that's number one yeah but It is what's it look like when we get There right and number two is you Haven't got control over your money Right now anyway well that's for sure if The government don't want like you they Can stop you taking your money out of Your bank account yes they can and it's Total when everyone says well Cash it's like yeah how much actual cash Do you use right how much I use cash so Rarely because we use credit cards right And we use Apple pay or whatever it is Right nobody uses C so we gave away all Of our secret information and privacy a Couple of decades ago right and so yeah People say well with cbdcs they can stop You getting your money I'm like well They can stop you getting your money now Right and they will do that so you know Try going to bankruptcy or something and Suddenly you find you have no access to Any of your money yeah um so yeah it's a
Complicated world but I don't think it's Any different than the world we're in to Is to be honest gotcha but I do think You can do other things with Central Bank digital currencies if there's Pro Programmable smart money involved in it You know what else can you do could you Have two tiers of interest rates you Know if you're you know for different Types of people so if you've got a bunch Of Billionaires you know do they get Deposit interest rates of zero or Negative so then they're forced to put Money into the system and they don't get The you know and people who are trying To build a nest egg and Savers can you Give them 15% interest rates to help Help people who are who are trying to Get ahead you know there's there's a lot Of interesting stuff you can do with This stuff but the other side is Governments tend to abuse things so they May start with good attentions they'll Probably end up abusing it and you know Yeah it's quite concerning to the same Story everywhere right never changes Humans are humans yeah When corrupt exactly when you give a Little power it just goes to it Just does I you know time every time and It doesn't matter what area of the world It's in it's the same thing every time Okay now this is where I stop it right
Here because you're going to want to Hear the rest of this in the freedom Zone ra Pal's getting ready to talk About USD tether and I believe that he Nails it to the wall and you're going to Want every single bit of it and for the Cost of a cup of coffee you can jump in There and hear the very real Conversations not only going on with Raul pal but the rest of the audience is Happening inside that we don't have to Worry about any kind of censorship or Any kind of Shadow Banning going on make Sure you click that link join the Freedom zone now let's get back to the Rest of this Interview yes I mean the adoption of new Technologies takes time we're just not Used to the fact that individual Investors can act like VC investors and Be at the early stage that's right and Then we have to deal with this being Real time and a complete show of Volatility rumor Mills scams amazing Projects gamechanging world changing Things all thrown together in this Melting Pot and we're trying to figure This all out so it's kind of hilarious To see that that's what it is but it Does take time and it's the world's Meeting and it's always this thing so You know we've talked about the Tokenization real world assets we've Talked about the regulation and how
Trapy is Bridging the Gap they Understand so that merging is on its way What you need to get to less Volatility is this applications layer You need the use cases and lots of People because right now the markets are Very small so a sell order even if it's Just a random sell order because Somebody has to do something can move The market a lot and then it liquidates These stop losses and blah blah blah you Know so everything is like everybody's Screaming and shouting all day in Crypto um that volatility will die down When you get more participants so you Got more buyers and sellers in the Market at every one day which is like The amm system we were talking about um That we were talking about is on uh xrp But you know there's a lot of people in The markets providing at all moments Different use cases providing activity Once you've got that thing you've got Something much more mature absolutely And speaking of much more mature uh the Legal decision so far in the Ripple case With xrp xrp in and of itself is not a Security right massive massive I think You know these decisions as along with The advancements in the coinbase case Are going to speak to the space broadly As well as they move forward in these Cases but I've often wondered because it Seems like you know the SEC is just
Running a muck and just doing whatever They want obviously jurisdictional Overreach all of this is coming with it But there's I've had a theory that we're Going to see the SEC continue until they Pick you know they they pick Ripple and Then xrp the digital asset to go after The company and the asset I I'm waiting For them to pick a proof estake project To go after I'm waiting for them to pick A proof Pro of work I'm waiting for them To pick an nft right project to go after So that way we get these legal Precedents hopefully in a favorable way And I you know and obviously it's not Going well for the SEC but if we get These decisions on these Technologies then these legal precedents Can inform Congress to write legislation Based around these legal precedents Around the framework of the technology What a stupid system right where Everybody has to be you're guilt into Proven Innocent by the system and had to Go to court where other countries have Got huge sweeping agreements the UK Europe Singapore Middle East everybody To say okay we're g we understand this We'll regulate it and then if we've got Something wrong in the new legislation That can be tested by Court as opposed To trying to build it from the grounds Up Yeah by everybody saying you're a Scam will'll take you to court until I
Mean insanity but it's a political thing It's not about this I agree I agree I Agree and you know uh it you know one Has to wonder like well who benefits From the motive of the secc the central Monopolists that are running the Financial system today right and thank Goodness that coinbase and ripple have Got the coffers to fight such an entity To get that to an end road because it Worries me thec After but to be fair you know the teams At JP Morgan Chiefs at Goldman um Goldman Sachs all of these they also Want this So I don't think it's the Monopoly of The banks per Se I think it's the fear of Change when the system is so fragile as It Is and the fear of change from the US Government and even the Central Bank When they're basically just papering the Cracks or putting the finger in the Dyke To stop it Exploding I think they're worried about What cracks they open well by ing Different systems of money value Exchange Etc well and rightfully so to An extent right because I mean you're Talking about what the financial system Looks like 20 years from now it's nodes On a network in the size of liquidity Pools and transaction fees that's that's
How you're making money 20 years from Now right maybe 10 right maybe 10 years From now and that looks not far away Yeah it's not it's not far away because It will be a uh exponential you know uh Move when it starts to take place I Believe believe so uh all right so how About this so Ripple has said publicly They plan to go public right and they Want to IPO at some point do you see the Entire case going away before that Happened what what does that look like To You I don't know I mean it's not like Coinbase being public has kept them away From bar legal cases oh what a great Point so look I think Ripple I don't Know Ensus um there's a bunch of these that Should go public at some point they've Been around long enough they've been Mature enough they've gone through a lot Of the legal side of stuff So it would be good if they did people You know the markets need to move Forwards I wonder if if Ripple uh runs Into any more headwinds than they Already have which have been enormous do They stay in who the hell knows yeah do They IPO in the US or do they go to a Place like the UK and IP Well if I look at what the banks did in That 70s 80s 90s and 2000s the US Banks still ipoed in the US but their
Largest offices were in London Right um so there's no reason I don't See any reason X um Ripple couldn't IP But I don't know it well enough the Legal case but you know the team's smart And they've been doing their H work and They'll get that so we'll see yeah it Will be very interesting now uh anything In your mind that you're looking at Today that we haven't really touched on Yeah I'm gonna give you one thing is There's nothing keeping a radar radar Screen it's salana fire dancer okay and Talk to me about that and why yeah now I Don't have a lot of time so I'll just Give you some breadcrumbs Um say salana Is the one of the fastest blockchains Theoretically 65,000 TPS and we know There a decent quality teams de amount Of people building on it you know it's a Real Thing but jump trading have been Builting a second validator for the Network which looks like it's going to Be producing between 600,000 and 1.2 Million TPS so it kind of dwarfs the scale of What blockchain can be use for Well that's that's Impressive yeah and so that's Interesting because if we think about You know more use cases well a chain That that is that fast and that cheap
Okay that gets use but all sorts of Different stuff so it's very interesting So that's something people should look Out for again people should keep an open Mind you know the idea is here we're Trying to make money and not an ideology Um well Said and so you know that's something That's on my radio screen firmly it Sounds like it will be in testnet the End of this year and in main net by Summer of next year that's a complete Step change for the industry yeah that Would be a step change for sure and I'll Tell you I also just heard recently Because we can't rule out Ai and what It's going to do to this crypto space Too Ripple is is also investing into Ai And self innovating blockchains so Things in the next 8 to 10 years ra just Going to get insane right whatever we Think it's going to be it's not going to Be that that's all I know it's that's Exactly right look I know we're getting Short on time and this has been amazing And I certainly want to do it again with You it's been wonderful but I I I found Out you're a music buff and shout out to Ron for telling me you were a music buff Talk to me today you're in Miami it's a Sunny day out what's what's in the car Spinning on the Tunes in in Miami on a It really depends if I'm in Miami it's a Sunny day then it could be something
Like Roy a Everybody Loves the Sunshine It could be something that's kind of Funky from from the kind of 60s and 70s Or it could be like a modern Interpretation a great band that Actually love called jungle came out in The UK they're just just really amazing And it's that kind of funky stuff so it Would be that but you know hey it could Also be hip-hop because that works on a Hot summer's day too yeah right so it Could be that or it could be something Kind of laidback from the 70s or let's Say the sun's going down it could be Miles Davis so for me you know I'm my Music tastes are really really broad um And uh you know I spend a lot of time in You know jazzland Blues rock music Um even pop music dance Music everything uh and so yes Well speaking of the 60s 70s or Certainly 70s you know uh and you talked About Funk a dear friend of mine plays Drums for Parliament Funkadelics and one Of my drumming Heroes used to be in that Band a long time ago at its peak and That is always a go-to at my house There's no question about it yeah mine Would be also slly of Family Stones oh Yeah yeah yeah yeah slide of Family Stones you can't lose you just can't Lose and you know and speaking of that You know that that kind of slly the
Family Stone or Sly into Family Stone is Really one of those bands that just on Any day there's a track on any record That can hit any mood you're looking for Whether it's subdued or up in the air However you want it they've got it There's no question about it yeah yeah And then you start listening to a lot of Other music and they've been sampled Everywhere everywhere yeah all the Hip-hop stuff man no doubt about it yeah All of it SL the family St in the Background yeah there's no doubt about It great stuff Raul thank you so much For being here and I Look to doing this Again uh sooner rather than later Fabulous thanks for having me on really Enjoyed it thank you so much man take Care I just want to say thank you again To Raul and join us in the freedom Zone We are going to give you that special Exclusive clip of R breaking down Exactly what's going on with tether as Far as I'm concerned I think he Nails it You're going to get that and so much More for the cost of a cup of coffee we Can make sure we can stay connected no Longer will we let censorship get in the Way ladies and gentlemen I will see you On the inside talk to you Then
