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Welcome back to the show check out these Headlines we got Kraken in the SEC Motion to dismiss gray scales in the News about an ethereum spot ETF and we Got xrp use Case utility flares in the News amm vote where is it at we're going To tell you just how close it is again The Federal Reserve on stable coins and Oh my oh my are you going to want that Just like you're going to want this xrp Chart with the Fibonacci levels it is Amazing somebody roll that beautiful Intro digital perspectives with Brad KES Come on In welcome back to the show you can Follow us on Twitter and YouTube for Exclusive content join us at dig Perspectives. comom in the freedom Zone Great way to support the channel $2.05 Trillion market cap for crypto 7% off on The last 24 hours 50,800 plus for Bitcoin 2,900 Plus for ethereum 97.6 Billion plus for tether market cap xrp Is 53 cents off by 2.3 into the 24 and Off by 4.8 into 7 Day could this be that Big pullback that everybody has talked About before we eventually get this big Push in price in xrp and the market Overall you know don't forget that we Have to understand at some point this is Why I call the market cap for USD tether Isn't it we need to completely know how The US government the treasury and the FED as a private Central Bank have
Really felt about USD tether selling the Only product that the Federal Reserve Has ever had which is a Federal Reserve Note Right we shall see I know it gets old People were like yeah yeah yeah yeah you Know what I thought binance was too big To go down what happened there want to Take a second and phone a Friend I'm not saying it goes away Completely I'm just saying you know they Are partnered with the Secret Service Which it which is original Mission as a Secret service is to catch counterfeit Fitters of the US dollar range of prices Between 53 55 cents again we're going to Look at a chart I think you're going to Like it a lot at the end of this video Right now it's I trust Capital look the Best gold silver crypto Ira on the Planet I'm not I'm not hyping you with a Line I've done the work and by the way Anything on this channel you hear me Talk about as an offer it's because I Was a customer first that's what I Understand and I hope that everybody Here understands it too I don't offer Anything that I wasn't a customer First Of and I never ever and I mean ever sell Something I don't use period Full Stop So at the end of the day I want all of You to know this is the best gold crypto Silver go Ira on the planet and with all The excitement of ETFs and all of those
Things which are fantastic to come to The market and I think we will see them Continue to spur in Mass I want to say This to you you do not have a back Office with your ETF you do not have the Freedom that you have when you're buying Tax-free crypto products inside of your Itust account if you see the market Going south you can move it into Dollars You can move it out of there and sit it In your account and wait for the market To turn around you don't need to ride it Down you have the power inside of your Back office to control these things and Imagine what going to come by the way We're going to have the it it trust CEO On stage at xrp Las Vegas can we ask him If they're going to be offering exposure To ETFs in our back office because I Think it might be Coming I want to shout out glint yeah You know him Jason cins the CEO of glint Remember when they were talking about Him on the state floor in Texas well he Just got done testifying in the state of Kansas on the state legislature floor There so this is starting to become a Trend for Mr Jason cins and the glint Company glint pay is where you can buy Save send and spend real gold instantly With glint with your MasterCard debit Card and it's not paper gold it's Physically allocated gold to you and There are multiple States now
Entertaining glint as a way to introduce Gold as legal tender to OB escate the Trouble that's coming with the US dollar More on that in a Moment coinbase his 1 billion in trading Volume outside of the United States well how proud Joe Biden must be In the administration nice one guys Shoving all that Offshore super Smart right no not so Much oh boy you know uh again I just Think this speaks to the way Brad Garling house had mentioned and brought Up again how the US is a lagard when it Comes to regulatory legislative Clarity In the crypto space you we have to have This look you know we can't sit back and I mean well it can it can happen it is Happening right now but I hope there are People with enough sense and enough Moxy To get everybody and maybe the the real Statement is maybe there's enough people Left that aren't compromised that still Want to see America Thrive and be a Leader the way it always has been and I Hope that that is not something that is Trend that's ending but a trend that is Still continuing we will follow it Closely Kraken in the meantime has filed A motion to dismiss the lawsuit filed Against it by the US Securities Exchange Commission now you know it's like you Come here you see coinbase moving
Outside with massive volume with their Platform outside of the US kraken's Trying to get a motion to dismiss Because the SEC won't stop Congress is Hanging back and watching all of this Happen they they have the power to fix It and have Not I have speculated The subpoena we Were supposed to get from Patrick McKenry to uh subpoena Gary Gensler to Testify in front of Congress I trying to see that as half Full that they have not exercised that Right yet and I'm only hoping that Because they have not exercised the Right to subpoena Gary gendler in front Of Congress that maybe that's why we run A tight small window and opportunity of Getting stable coin legislation passed First quarter this year by April and if That happens maybe that's why Maxine W Says we're very close because they don't Want their little puppet Gary gendler Forced under subpoena to testify in Front of Congress it would be a much Different experience for Him so maybe that is being held back as Leverage to get stable coin legislation Done I don't know the answer I'm just Trying to remain optimistic until we Find out exactly what's going on now you Can breathe the S relief I'm not going To play the whole clip here but I tell You what the whole thing's worth
Watching but I want to give you the First minute and a half you need that This is about an ethereum ETF is a Matter of when says the CEO of GRA scale Not a matter of if take a listen Here um well we we do have an Application on file uh grayscale Sponsors ticker eth gr scale ethereum Trust largest ethereum Fund in the world Um an ether spot ethereum ETF is a Matter of when not a matter of if and uh And you say that because with such Confidence I say that with confidence Because my team has been doing the tough Work to move this industry forward work Constructively with Regulators focus on You know disclosure investor protections And um that's been true for Bitcoin Proud of the work we did with gbtc and Now do you think look it took a lawsuit To get Gary gansler to back down on this Right I mean and we just had Gary here Recently and you saw that interview I'd Love to get your reaction to it but Clearly you know left to his own devices This is not the outcome that he would Have preferred MH I think that's at Least in between the lines that's what I Think he has said well he actually wrote Um a pretty strong dissenting letter Right um around this uh and really focus On the great scale lawsuit the day that The approvals for spaic when ETS came Out and so which then begs the question
On the ethereum front If that is to move forward in a Meaningful way does that require another Suit it's too early to say it's too Early to say I think we have a similar Dynamic in the market where the SEC has Allowed for and approved uh ethereum Futures ETFs to come to Market uh the Data suggests in a very similar way to Bitcoin that spot Bitcoin and uh Bitcoin Futures have an inextricable tie the Markets have a 99.9% correlation same is True around ethereum and so we do have a Very similar Dynamic here no doubt about It got to give him credit where credits Do however don't Forget I mean one I personally believe And I believe digital asset investor Beli something along the same lines that They're trying to rush these products Out on top of ethereum because they know Ethereum was launched in a very in a Very unregulated way I'm being polite For the short story here uh but what I'd Say to add to that notion is is also Remember Fred Rasoi from hle law shout Out to Fred Forced the SEC to admit that there had Not been any designation or Clarity Given from the SEC on ethereum at all so There's a few things here that got to Get cleared up but I do see ultimately Just for clarity yes there will Ultimately somewhere down the line be an
Ethereum ETF just as I believe obviously Xrp and thousands of other crypto ETFs As well this is going to be an enormous Market market and new offering of asset Class period that's how I see this They're not just doing a few of these There's going to be thousands of these Things so I can see it coming and I'm Sure you guys can too so we'll see how This shakes out because it really Matters right it matters because we know That ethereum had an initial coin Offering that obviously there was a Blind eye turned towards and we need to See the SEC try to salvage some Integrity by acknowledging that that Happened Right and not acknowledging that that Happened means that our country is much Further along down the down the Than we much than we thought Before by the way that's a technical Term uh yeah got it from college I Didn't graduate but you know obviously You can tell was a very very key I was Very good at listening Right Megan says here Michael shon's Great sale video about the ETF for eth And added to this and shout out to mean Give her a follow does great work out Here so does everybody like Chad Stein Robber we got to celebrate everybody out Here that's the way I like to do it the US SEC approved spot ETF is going to
Happen one way or another says Chad the SEC will be forced to approve it and Approve them all just like Bitcoin and You know this is where I we Chad and I Certainly align in a lot of things and This is certainly one of them uh they're They're going all of these assets are Going to get all of these you know Viable assets right that not not you Know they're all getting it it's going To happen you're going to see it it's Going to be a brand new market this is Just the beginning and we're here to Watch it unfold but let's talk about Something else that's starting to unfold One flare has been surging in price so Shout out to all the flare holders Trying to Pat my back in the process of Talking to you Uh but um look this has been a project That we're all excited to see and it's Still early and it's still coming into Play right but it is super exciting to Think of the fact that you you could Have all of these unrealized gains from Your portfolio the opportunity to take Your assets and put them somewhere like On flare networks as f f assets or to Even delegate your flare or your song Bird to help with the test net or the Actual platform itself all of these Things are speaking to use case for your Digital assets right that's the larger Part of what's coming and to the point
That Anders is talking about here he Starts off by saying what's a major Reason flare is surging in price Basically people have a financial Incentive to participate in the network Now looking at the xrp Le Ledger look at Uh the coming automated Market maker for The xrp Ledger which will give people a Financial incentive to participate yes We know about impermanent loss risk so So glad Anders put that in there too Because it is an unknown right and we Need to find out about that I have made It clear that I would be excited to take A sample size of of uh xrp versus Something else and put it in an Automated Market maker liquidity pool to Learn to see how it operates to Understand what the pros and cons of That may be or not right because it is New but again speaking to the idea and Understanding that when you can bring Use case to a network and in the Situation of the automated Market Mak ERS you're talking about building Liquidity while the automated market Makers continue to tighten out and Squeeze out the arbitragers tighten Those spreads and get rid of the Slippage you're really talking about Transforming I believe the Characteristics of xrp the token because Of these new features coming to The Ledger let's think about this for a
Second pathf finding the ability we Talked about this in 2019 with Bob way The ability to Source a single payment Settlement by Crossing multiple payment Networks to do so this way you could Take the liquidity needed to satisfy That payment from more than one place Instead of just one place you know this Is just one example of how that's work How that can work then you think about Auto Bridging the ability to integrate The synthetic order book with the direct Order books that exist so you're talking About creating xrp pairings with the Direct pairings that list and exist Today in FX and crypto this integration Of these things and multiple other Things are going to change the xrp Ledger forever and when they do it's Going to change what we understand about The asset and in turn it may change the Way you think of the asset as an Investor as a developer as a business Owner an entrepreneur whatever the Reason you hold xrp or you're in this Space it can absolutely change the way You understand this asset and the way You decide to move forward with it this Is why I absolutely tell you this is the God's honest truth and by the way we're Going to be sold out of VIP tickets for Xrp Las Vegas within the next couple Days if you want a VIP ticket please go Get your ticket because it's going to
Sell out and there will be no more and I Want everybody to get what they want so If you want it please go get it but this Is going to be an important conference And it's clear all the way that the Tickets are selling very rapidly right Now and in the next day or so they're Going to become completely off limit It'll be sold out the VIP will be sold Out and then there'll be general Admission tickets and remember that Ticket is a two-day ticket so it doesn't Cost that much per day to come find out This information directly from people Like David Schwarz about the things that Are happening with the xrp Ledger and How it may change the way it operates Going forward Forever you know this is why I'm saying And Andrew says this and I think he's Got it spot on here cuz you add in Legislative Clarity regulatory Clarity For digital assets broadly and Understand that the automated Market Maker will be the engine of growth for Xrp Ledger absolutely and as David Schwarz has said and that growth is not Going to come from within the ecosystem I believe it comes from without the Eco Outside of the ecosystem and I believe To speak from my own point of view here That that outside source of growth is is Going to come from the financial Industry when that Clarity exists and
Understanding that automated market Makers and liquidity pools may qualify In a regulator and financer eyes that This looks more like a stabilization Mechanism H and this is how close we are To getting those autom automated market Makers back over the 80% consensus vote And then it holds for two weeks and Becomes a permanent Amendment and Feature to The Ledger how exciting we Are two votes away from from the Automated Market maker reaching that Point so so exciting and I want to share This with you when it comes to stable Coins you know uh I will be talking with A fireside chat with Christian Carlo Former cftc commissioner and the Co-founder of the digital dollar project For the United States of America ladies And gentlemen and I want to tell you Right now that stable coins will be a Big part of the conversation with Christian Carlo because I've already Confirmed that stable coins can act like A sponge to soak up the the treasury Bills and notes the possibly Hyperinflated dollars in notes and Listen what's said here and shared by Matt Hogan here from bitwise and I want You to hear what he said is sharing here From the Board of Governors of the Federal Reserve System for which we know Michael sbar is now a part of that said It is possible that technological
Progress May solidify the dominant role Of of the dollar how you going to do That for example about 99% of the stable Coin market capitalization is linked to The US dollar implying that crypto Assets are de facto traded in US Dollars and it also speaks to the idea Of this that progress May solidify the Dominant role of the dollar because if You give the ability of private Companies financial institutions and the Like maybe even Amazon of the world that They could issue under credential Regulation a properly regulated stable Coin well you've created new use cases To soak up all these treasury bills Haven't you hyperinflated or not and as They said already 99% of stable coin Market cap is linked to the US dollar in Trade so if we get to Clarity we are number One Think about That based on the Fibonacci chart it Looks like some point not too far in the Future xrp going to be number one look At these extensions here from the FIB Chart using the logarithmic chart and Fibonacci levels xrp should hit 10 bucks And at the 0.527 and 618 which is a very Important line to the xrp charts 39 Bucks and the0 702 as well 387 at the One Mark let's what what are these marks You can see these FIB levels right here
As you can see these different lines and Levels and these are the price points They talking about the one being the top Up here right but obviously we know that We've got a road in front of us and we Know that technical analysts have told Us that we may see a dip down it may Spike down here right boom it may come Down and hit that line or go even below It a little bit if it's going to repeat Like it did in the Years prior we don't Know but I tell you what stable coin Legislation would certainly help the Cause for the entire digital asset Space we're going into the freedom Zone Ladies and gentlemen we're going to look At the top five the top five things that Could affect xrp price this morning We're going to get into that right here In the freedom Zone we're going to ask AI what's going on here let's see what Their take is on it we're going into the Freedom zone right now dick Perspective.com not Financial advice for Me or anyone else I'll catch all of you In the freedom Zone come on In
