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Welcome back to the show everybody check Out these headlines we got steuart Aldera Chief legal officer from Ripple In the news ladies and gentlemen SEC Versus Ripple final pre-trial conference Today guess what else we got senators Are demanding FTX and sand bankman fraud Answers we got gendler SEC the Bitcoin Having's coming up what does it mean for All of us and how about the two-headed Monster for xrp it's already growing and It'll be out of control very soon Somebody roll that beautiful [Music] [Applause] Intro digital perspectives with Brad KES Come on [Applause] In welcome back to the show you can Follow us on Twitter Youtube and dig Prospectives decom for exclusive content Right now $22.37 trillion market cap for Crypto the Market is off by 4.9% 62,3 Plus for Bitcoin 3,000 slightly over for Ethereum 108 billion plus market cap for Tether number eight spot is xrp at 48 Cents we're off by 1.4 in the 24hour and We're off by 21.1% on the 7 day you heard that right Number eight spot 48 cents off by more Than 21% on the 7 Day range of price is Between 48 and 51 cents and I'm bullish More than ever I'm not trying to Convince anybody I'm just telling where
I'm at today again reminder why did the Markets crash because of a geopolitical Conflict it has nothing to do with Institutions leaving this space because They don't believe in the tech that's Not what this is so when I see this dip I see an opportunity I don't see it uh I Don't see it as something critical where I have to exit position so I'm using This opportunity to accumulate I hope You guys are too not Financial advice Then there's this link to the best Private equity in the world when it Comes to being in this space and every Other growing space By the way AI Robotics fintech you name it they got it Right here it's linked to private Equity If you want to have access to the best Private equity which means access to Buying uh interest in companies before They have some form of a public exit you Can do it right here right here at link To.com I tell you some of the best Incredible companies in the world C who Has already said they're going public This year link to intends to go public This year we know Ripple has it on their Agenda to go public as soon as they can So you know there are so many incredible Companies don't forget about uphold and All the rest of them go there click the Link underneath my video to my sponsor And get started today the opportunities Are amazing but they don't last forever
That's the important part make sure you Check them out let's start right here With steuart Alara who who says a couple Hours ago yesterday in the Supreme Court When pressed for a limiting principle Between a bribe and a gratuity the Government said trust us not to Prosecute cases unfairly when told the Government's promise of good faith Wasn't good enough the question was Repeated where's the line and I say Whatever you do don't ask anyone from The SEC Where's the Line they'll take Money from anywhere like s bankman freed FTX and give favor and award special Purpose broker dealer licenses to the Ccpb companies like prometheum yes that Happened and when it comes to taking Money I guess there's nobody better to Talk to than probably William himman who Was advised by Inspector General Council Inside of the SEC to not take the $15 Million and he did it anyway so don't Ask him where the line is imprisoned for Uh all of the fraud and all of the Things that San bankman freed has done Now there is more uh implications of Wanting to know more Senator Warren Elizabeth Warren and Chuck Grassley are Demanding details well you know what Don't ask for too many details Senator Elizabeth Warren because we could find You at the bottom of this little Investigation and this letter asking for
More clarity from cftc and rostin Benam let's find out and hey I'll tell You what rostin benam why don't you do The same back to uh Elizabeth Warren and Ask her to share all her Communications That she's had with Gary gendler about His testimony that she actually coached Him on for the questions and Answers uhhuh that happened listen to This Quick Clip Sam mman Fred is finally Fa ing a lot of scrutiny as he is at Trial this week but one person Gary Gendler who is the SEC chair responsible For regulating financial markets has Managed to avoid a lot of scrutiny Despite ties to FTX that he's never Explained now Not only was he very close With several top people at FTX two People he' worked with in government for Years Mark ouan and Ryan Miller went on To become FTX lobbyists and general Counsel Gary gendler also met with FTX And Sam bakman freed after FTX made Those major hires now he's never Disclosed exactly what they discussed in Those meetings but people are really Shocked that Gary gendler spent so much Time with basically a scruffy kid in the Span of a year they met twice we also Know gendler didn't actually ever Receive ethics approval to get those Meetings in his calendar so at the same Time Gary gendler was extremely critical Of a lot of other people in crypto like
Brian Armstrong who ran coinbase so it's Unclear why gendler would spend so much Time with somebody in crypto when he Largely publicly excoriated a lot of People in the cryptocurrency space could It be that Sam bankman freed was the Second largest Democrat donor to the Political Party sounds like a great question for Gary gendler tell you another great Question for Gary gendler how come when You met with him twice you weren't able To see the dumpster fire that is FTX That everyone else could see the moment They took a look at it in fact the Bankruptcy attorney that was brought in After the collapse was discovered and Revealed about FTX took about 30 seconds To look and see what a dumpster fire the Company was so is Gary gendler Incompetent at being a sec chairman and Not doing the due diligence of examining SPF and FTX before awarding them a Special purpose Brer Taylor's license or Is he complicit it's not an answer I can Give but it's certainly one that Gary Gendler should be Answering then there's this we have a Bitcoin having coming up ladies and Gentlemen in just days days away we will See the production of Bitcoin be cut in Half there's seven more years of mining Bitcoin at the pace that it's going now I believe they say what are they to do
About all of of this and what are we to Expect in the market and well history Tells us that after a Bitcoin happening Uh we usually see an explosion in the Market now if history repeats we'll see It again but looking further down the Road Dai asked this question of Ryan Celus who Says this morning I do think it's more Likely than not that governments conduct Mass confiscation attempts on bitcoin With the next 5 years it will be done in The name of Security well isn't this something that We've all worried about with xrp for Years before being told we don't have to Worry about it anymore well because why Because Ryan has the right to ask the Question because he has the right to ask The question but there's history when it Comes to confiscation it happen with Gold this is probably a good reason why Ryan's worried why it could happen with Bitcoin this wouldn't be the first time It's happened same reason that xrp Holders wondered if it could ever happen With xrp as well but what I'll offer to This thought is simply this remember how Odd I thought it was that when the ETFs Were approved for Bitcoin that the black Rocks and the fidelities around the World began scarfing it up well think of This for a moment Ryan if black rock and all of them are
Buying up the anti- establishment Anti-government asset known as Bitcoin Which has clearly been established so You can't control my Bitcoin money my Bitcoin asset however you view It well think of this for a Moment what if the plan is and I have Said this multiple times on my Channel That Wall Street is buying up This anti-government anti-establishment Token to to use it as a hedge for the Correction or collapse that is coming in The traditional stock market this would Give their clients High Ground to stand On while allowing the central banks to Continue to accumulate gold which is What they're more interested in you know There is an interesting note too I had Spoke with somebody I'll keep them Nameless at this point the very smart Person and they suggested in Conversations they've had with people That maybe that black and fidelities of The world are doing all of this Accumulation so at some point in the Future they could move to close end These ETF funds which would mean that The client wouldn't own the Bitcoin when They close in the funds but yet Black Rock would be the owner of these assets And wouldn't something like that a move Like that to close in these funds Wouldn't that also really constitute Like a mass confiscation attempt that it
Was your money that bought the Bitcoin That custody by Black Rock but then at Some point they close in the fund and Then all the Bitcoin is still back to Your fund but they own it instead of You I'm just Saying then there's problems with Bitcoin in general they're struggling to Find the utility outside of the I like To hold it because I can buy it and move It and sell it and trade it and hold it And whatever I want to do transfer it Without the government's approval or or Uh knowing it which is not really true Either however uh listen to the problems They're having scaling here as of today There's only about $300 million worth of Capital in lightning uh it's processing Around1 to2 billion dollar worth of Transactions a year that's very small Relative to stable coins it's 10,000 Times less so lightning Hasn't succeeded as a Mainline scaling Solution for Bitcoin it was the thrust Of development for the last six or seven Years but it hasn't uh succeeded in line With the expectations of the you know Most of the bitcoiners that were around Back then certainly including myself so It's okay to acknowledge that it hasn't Been as successful as other scaling Solutions that's fine the question is What do we go what do we do from here That is the question what do they do
From there and you know I think to Myself I'm like listen I don't know Necessarily you have to do anything Other than get Interoperability right interoperability With other ledgers we already know since 2014 Chris larsson's told us Bitcoin Could be on The xrp Ledger they've done It since that far back so it's it's Fascinating to me like really what you Need is the interoperability but the Larger concern is is that are we seeing As I have posed on this channel multiple Times Wall Street buy up this asset to Use it as a hedge for their clients and When they're done with it they'll throw It on the ground like a dirty rubber in A mall parking lot I'm telling you right Now something doesn't add up here Something doesn't add up and I hope People are making a gazillion dollars on Bitcoin I'm making money on bitcoin but I'm very attuned to what is taking place And what is being said here about the Fact that it is having trouble with a Scaling solution and as we move into the Idea of understanding that stable coin Legislation could come this year it will Be use Case utility that is going to be The price driver of this market for Multiple years in a row and if Bitcoin Doesn't find some kind of utility Solution other than I just like to park It here uh I think it's going to be
Problematic and I think this guy knows It I think this guy absolutely knows It meanwhile talking about use Case Utility the dtcc that settles over two2 Quadrillion dollars worth of derivatives Every year already Tri DLT to support T+1 and t+ 0 settlement both of them it Would be hard to imagine t+ 0 working Efficiently without distributed Ledger Technology that's exactly right and that Is the words of City Group in this Document right here as they explain Where we're headed Robin Hood sent me This message this morning morning as Well keep an eye on May 28th as everyone Appears to be migrating to t+1 Settlement time including Robin Hood Along with the Dtcc May 28th the entire US Financial System moves to t+1 settlement which Utilizes distributed Ledger technology This is the test bed before moving the T+ 0o settlement to a fully realtime Market that's exactly right give Chad Stein grber a follow right there and Here's with another great piece of Information showing expansion and Approval for another Ripple partner here Neem approved as a New Zealand service Provider now spanning over 40 countries Including it says service provider License in Japan and two licenses issued By the Reserve Bank of India which is in Bricks the registration allows neem to
Potentially offer a variety of financial Services to New Zealand businesses such As virtual accounts debit prepaid cards Fund collection and Global payout Options how about that it just continues And continues to move on don't forget About the major Australian spend Management platforms as well and all the Other connections that neem has let's Keep this moving then we see this new Records being set every day locked xrp And xrp Ledger automated Market maker Pools surpass 2.1 million as xrp Supply Shock looms that's what's happening Little by little all the time every day Or a lot by a lot we should say right Our tour says here while the total Amount of xrp locked up in automated Market maker is moving close to 3 Million this should just be a reminder That simply the activation of all xrp Ledger wallets accounts to 50 million Plus of xrp locked and even all trust Lines have more xrp lock takeway look at This as compounding interest developing Ecosystem will make a higher impact than You might think oror has got it right Here you know the tvl the total value Locked up here is going to be remarkable Ladies and gentlemen and it's just begun So add in the interoperability along With the ability to lock up your assets And automated market makers we are Seeing that two-headed monster that
Two-headed dragon take shape right Before our eyes one of the other heads Of that dragon is xrp ETF spot ETFs They'll come just be patient they'll Come and when they do the competition to Participate in amm and lock up your Asset in there or the the uh or the or To buy up the asset to back e or uh to Back ETFs for xrp I tell you are going To be a remarkable moment and they're Closer than I believe any of us really Realize speaking of close today is April 16th 2024 at 2: p.m. today councils for all Parties shall appear for a final Pre-trial conference in courtroom 15D of The United States courthouse 500 Pearl Street New York New York ladies and Gentlemen will it yield a settlement we Don't know but brace yourselves ladies And gentlemen because I tell you Something wherever this is going I think It's going somewhere good for xrp and That means ultimately the crypto space In general take a look at this chart While we pull out of here today look at This look at this triangle right here And look at how it broke that res that Support line right there before in 2017 Going to the moon and look at this same Setup and all of these setups are very Similar you can see what a wonderful Layout of this chart here by lond XL Lond xrp uh so take a look at this and
This triangle here look we dipped and Broke that support just like it happened Right here in 2017 are we about to see The moonshot of our lifetime when it Comes to xrp I have no idea but this Chart if it's right the answer is Yes not Financial advice for me or Anyone else we're going in dig Perspectives. comom click the button for The freedom Zone support the channel Next to nothing I tell you what we are Going to talk about oh yes we are too This is about money this is about the Banks and what they're doing is Despicable and we're going in to talk About it right now in the freedom Zone I Hope you'll join us come on In all right
