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Welcome back to the show check out these Headlines well you going to like this One now you know I have talked about and Have always believed that xrp could have A price set price floor be a possibly Become a stable coin well now you're Going to hear others say it and they're Sitting right next to Marcus and fanger From Ripple when they say it we got that And so much more xrp just may be Becoming a stable coin right before our Eyes 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 and dig Prospectives decom for exclusive content Right now it's $ 2.51 trillion market Cap for crypto the market is off by 7 And a half% oh my oh my 63,360 Plus for ethereum we see $13 Billion plus market cap for tether xrp Is at 59 cents we're off by 2.1 to 24 We're off by 15.9 on the 7 day and respectively Ethereum's off by 18.5 in the same Stretch and 12.5 down on bitcoin as well In the same run looking at the price Range right now we've gone as low as 57 Cents overnight And is high as 67 cents with a 10cent Swing that is very much uncharacteristic To xrp as it sits at 59 cents right now We will keep a close eye on it but I
Want to remind you this it's xrp Las Vegas the largest xrp conference in the World May 3rd May 4th 2024 the MGM Grand Baby yes what a beautiful beautiful Facility and the people are amazing too 44 days book your room and stay right on Site right there click that link and get A discount price because you're in the Xrp Army baby uh-huh and come on in get Your ticket stay right on site it is a Beautiful facility I'm telling you and The conference we have in store for you Is amazing click this link and get your Ticket for a private dinner with Brad Garling house Christian Carlo John Deon And so many others you won't believe it But you got to click this one to get Your general admission ticket cuz VIP Tickets are sold out don't miss the Opportunity to be a part of this event There is so many critical things Happening in the xrp space right now With the xrp Ledger and amendments this Could be the most important conference That you ever attend there's no question About that get the link before they're Gone and there's a merch link underneath The video as well if you want to get Some killer xrpl LV merch let's start Right here we all know bricks the end of The dollar is near they say according to An ambassador of the union we know that Bricks coalition Along with an initiative called project
Sandman which includes over 100 Nations That are in clear intended to drop the US dollar Simultaneously now you can imagine the Implications of this could be very Devastating nevertheless that's the Global geopolitical angle of how they Feel about the dollar now let's talk About this for a second we covered this Yesterday and give xrp drops a follow This guy's no joke Uh tether's world largest stable coin According to the cftc taxonomy tether's World's largest stable coin with a Market capitalization of more than 100 Billion would not be classified as a Stable coin under the proposed cftc Taxonomy uhhuh well and we know that we Have in the EU we know that we have mic Regulations well crypto exchange okx is Discontinued offering USD tether pairs For users in the EU could this possibly Be foreshadowing of regulatory headwinds In the region for the largest stable Coin and to back that up as bit finex Right here sharing tether fraud ban in The EU and this is the actual sending to Customers letting them know they are Discontinuing that pair and that is a Massive massive blow we'll just continue Around the globe that's the question and If it does what will it do to the market Specifically Bitcoin and ethereum Especially bitcoin's dominance right
Understanding these ETFs are Underway what will it do it may shift The demand to the ETF over the asset Itself I don't know but we will see but I tell you this we've been talking about Tether for a long time for a very good Reason now I want to show you This Stellar Network Excuse me holds the largest market cap Of tokenized treasuries with over $400 Million worth issued on the network Passing ethereum with 354.00 million on their Network and Listen I have a feeling with this whole Promethium is going to list ethereum as A digital asset security that this is The platform promethium doing the Bidding for the SEC because the SEC I Don't think can really Sue e ium because If they do then Joseph Luben and Everyone else vitalic butam will have The right to call for Discovery and then We could start getting into the ugly Back and forth of the messages we all Want to know about that the SEC has Clearly been denying the release of and Foyer request to empower oversight However looking at this and Understanding the trouble that may be Before the ethereum network we see that Stellar has has passed as far as Tokenized treasuries go and that could Continue to be a trend and you just may See xrp become a part of that Trend
Because I highlighted Yesterday Monica long was on stage with Team go go is a is a bank built for us Treasuries so for businesses and people And this is pretty remarkable because They're getting into the treasury Business here uh it seems like with go Now they're just talking to them so Maybe they're not working with them I Don't want to jump too far but it would Certainly feel like that there there Could be some Synergy here between Ripple xrp lger and go uh this could get Super super exciting now I highlighted Yesterday as well very quickly because You're going to see some stuff today is Going to blow your mind Brito Arthur Bruto co-founder co-creator of The xrp Ledger in 2013 said that I believe Ripple will eventually support bonds and Bond markets well that deepens the the The Curiosity about go being on stage With the president of Ripple Monica long Here uh super exciting then there's this Transition from Legacy formats from Iso20022 to the current new version and I want you to listen what this lady says Here about it all and so you know one Not new development this is not new by Any stretch of the imagination however It's becoming more top of Mind as we are Um coming to the end of the coexistence Period right of this ISO 222 migration Uh this has been in the works for over
10 years but what this is is um Swift Swift transactions globally moving to a New standard of messaging which is Intended to be fully enabled by 2025 This has been in the works again for Over a decade uh and there you go by 2025 right there we have it 9 Months till it's completely done with The coexisting phase right super super Exciting understanding that this new Standardization which again was a Protocol that's been chosen for more Than a decade ago to use for this new Standardization and the coding of Digital assets will allow the movement Of tokenized value along with this Rich Data messaging standard so this is super Exciting we are pointed in the right Direction lady ladies and gentlemen I Like where this compass needle's Pointing and then you're going to like This too listen to this about making Payments as easy as email but I'll let Marcus start since sure he's the big co- Guy here I appreciate that um so look if You if you think about um how how we're Used to experience like the world today In the 21st century in an inter in an Internet based uh you know environments Basically everything is seamless and Instantly right and so that's actually Working with information pretty much um But it doesn't work for money and I Think if you look at the core of how the
Financial infrastructure is working you Realize hey there's a lot of red tape That originates from you know the fact That these Technologies at the root have Been built like some 50 years ago uh and Sure we've been building patches on top But it hasn't it's still riant on this Core infrastructure that hasn't Transformed the same way the internet Has U transformed information and so That expresses itself all that red tape Is in terms of you know inefficiency is Around cost and speed in particular I Think uh the World Bank released a Report in Q3 last year that an average Remittance payment over $200 is still Somewhere at 6% which used to be 9% but That's still a lot uh and the target Something like 3% I think using Blockchain technology we can do better Than this even uh and you know the Average payment takes uh I know Somewhere between 1 and 5 days uh and It's just incredible to imagine that uh In our time and age in many of these Corridors the fastest way to go and you Know move money is by actually hopping On a plane with a suitcase of cash right Um and he's absolutely right as he wraps It there with the Brad garlinghouse Analogy uh you know it's true and the Thing is is we just covered a gentleman Uh a couple days ago who said the market Infrastructure is built on the wholesale
Back In so the Catalyst with that Understanding is actually Clarity it the Log Jam has always been Clarity we get that you're going to see All kinds of things happen in this space Now we get to it ladies and gentlemen Shout out to subjective views and give Them a follow they put out amazing Content and here I want to say this is No less amazing in fact this is one of The greatest pieces they've put out from The same conference this is Marcus and Fanger right here sitting on stage next To this gentleman who I don't know who It is at this point but I'll tell you What you're going to love what he says And his understanding of xrp because he Refers to xrp being a stable coin uhhuh Listen to this this is why I tell you Stable coin legislation is so very Important not only for the space but Because of what it could mean Potentially for an asset like Xrp around which platform SL rail SL Asset Becomes the one um I I don't think There'll be any one um but uh it's very Clear that for me the direction of Travel uh the stable coins um and I you Know I do think that using xrp uh and The Ripple Network um is has very strong Use cases as well arguably xrp is a type Of stable coin in itself as well um whoa
What did he just say what did he just Say and Marcus and fanger sitting there Just looking listen this is the kind of If that was look if if that gentleman Let's just take this for an example if That gentleman said xrp is just like Bitcoin do you think Marcus fanger would Let that comment go I think he would Politely and professionally come back in And say with all respect we're nothing Like Bitcoin right the volatility is not Like Bitcoin right you know we work for Payments it's a lot cheaper it's faster He would have to make that distinction Right so wouldn't he make that Distinction here too if the guy was Wrong about it being a stable coin using Xlp Uh and the Ripple Network um is has very Strong use cases as well arguably xrp is A type of stable coin in itself as well Um but that is remarkable to me ladies And gentlemen he doesn't budge and an Actually if I'm looking at body language He sits still like a rock almost like Man I wish you hadn't brought that up Just right now maybe in a short period From now maybe it'd be better but I say Well well well xrp is a stable coin I Have to believe if that wasn't true Marcus and fanger from Ripple would have Addressed it reminder automated market Makers amended to The xrp Ledger in just Three days now ladies and gentlemen my
Spidey senses are going off right now And they really are because this doesn't Mean that xrp would be $1 this means that xrp would be a stable Coin or a global stable coin that it Could be Peg to whatever denomination it Needed to represent the amount of Liquidity and utility moving across that Network think of it for a Moment this is why I've often Entertained that you know that you could If this goes this way and listen we're Going to have a similar style Conversation at xrp Las Vegas here with Chris Gian Carlo The Honorable Chris Gian Carlo you do not want to miss this Side chat I promise you it is not going To be like any conversation you've ever Witnessed Christian Carlo have we have Talked about it this is not a gotcha Conversation him and I have already Outlined the areas we're going to go to He's well aware we're going to go and It's going to be electric and you're Going to want to be there to hear what He's got to say the former head of the Cftc and the co-founder of the United States digital dollar project come on in You're you're not going to want to miss This I'm telling you I know what's Coming Get your ticket this is going to be Incredible experience now let's keep it Moving and then obviously we paid this
Yesterday it's an old clip from Brad Garling house 2017 2018 this is a question regarding xrapid So it seems according to your understand Your explanation xrapid would use xrps As a part of the transaction do you Think that the existing issued 100 Billion xrps will be enough uh to cover Once the X Rapids service scales to Global full scale or would there be a Shortage well so the when xrp was Created this actually was created before Ripple existed the creators of xrp Decided there' be 100 billion units Because they saw it as a you rather than Having a smaller number with a very high Price they saw it as something they Wanted to be a effectively a global Reserve Currency I think the opportunity well There never will be more than 100 Billion xrp all the xrp that have ever Been created have been created and there You have it and you know I have said my Personal belief is is that nothing has Changed about the agenda David schwarz's Dream scenario sounds a lot like what Brad garlinghouse has said honestly David schwarz's dream scenario sounds a Lot like what I and my oldest brother Had thought since 2017 when we found This Asset and it gets more and more Incredible to me that we are this far
Into it and it looks even stronger the Case for that Scenario this is why I'm sharing a few Things in this post right here for Everybody here and look think of it for A moment I went over the bricks Coalition I showed you that they plan on Ditching the dollar then there's project Sandman initiative with over 120 or 130 Nations that plan to ditch the dollar as Well what do we know we know that s RP Could be a bridge currency it is a Bridge currency not could be but could It grow to serve the role of a global Reser Reserve Bridge currency we know The US dollar is also up against it at 80 years of its existence as a global Reserve currency itself two out of the Last five currencies had a lifespan of 80 years so if it's not over now for the US dollar it is the runway for something To be done we know Saudi Arabia join in Bricks helps to unwind the Petro dollar Agreement which gives the dollar the US Dollar its elevated status to be a Global Reserve currency so what will Underpin the dominance of the dollar to Be able to remain for the next 100 100 Plus Years I think it's The xrp Ledger that's what I think and if you Put the right amount of reserves on The Xrp Ledger everyone will know that it's Properly backed and then it will be
Properly backed without a country that Can bail on the agreement the way Saudi Arabia just did or without it being Backed by one commodity like gold and Then it outgrows the backing Itself this I tell you you know this is Pretty remarkable where we're at here Pretty remarkable where we're at so uh I Just want to share that because that Just got said a few days ago on stage I Don't need to play it for you again and The question now is is will we become a Stable coin because according to group One b a stabilization mechanism it Doesn't have to be a peg a stabilization Mechanism doesn't necessarily have to be The peg itself but they could Peg it you Could use things like pathf finding Which we know is already built into The Ledger you could use things like Automated market makers and liquidity Pools which is coming to The Ledger in Three days to create this stabilization And if you get enough Stabilization maybe they introduce a Wholesale cbdc on the back end in the US And underpin it with the liquidity of The Ledger who knows I mean who's to say That it's not one thing I know is for Sure is this conversation just got very Serious ladies and gentlemen and Speaking of a serious conversation let's Take a look at the chart from the one And only egg rag cryptos in the house
Yeah he says uh similar of 2017 or are We W witnessing something new historical Data reveals two crosses between the Yellow line the 20 SMA and the blue line 50 SMA if this resembles cycle a then we Would expect a rapid aggressive price Surge akin to the rocket ship style pump We had then in 2017 2018 however if it Aligns more with cycle b as you can see Down here then uh we would likely Surpass that scenario and as there are No evident similarities in the pattern Between the 20 Ma and the 50 ma uh it Says here uh alternatively this might be Something entirely new and unexpected he Says I firmly believe that this cycle Mirrors cycle a but Amplified by a Factor of 10x oh my goodness Cycle Way Is right here and if it if this is going 10x right here oh my goodness gracious And he says here for example price Levels in cycle a multiplied by 10 would Equate uh to 7 cents in cycle a becoming 70 cents in this cycle so my target is Still $27 which is 10 times of a how About that please disregard some of These xrp ogs who seem to be Transforming into characters resembling Agent Smith from the Matrix I won't name Names but these agents and characters Are harming the xrp community by showing Impatience or boasting about gains from Other coins I can firmly state that There are still very view OG's remain
Staunch Bulls salute to you you know What you can't see it but I am saluting You everyone of you in egg rag crypto to Dismiss ladies and gentlemen that's Going to do it for us we're going into The freedom Zone I hope you'll join us I Think I broke my glasses with my salute That was a nice salute if you could have Seen it uh give us a follow dig Prospectives decom you can support the Uh Channel Through the freedom zone for Almost next to nothing and we try to Throw some extra content in there and Have some conversations that go beyond The channel and I'm loving doing that And we're going to do that right now With you so don't mess around not Financial advice from me or anyone else Come on In by the way today we're going in on The moon landing I got the first piece Of evidence that says it was fake and I'm gonna give it to you right Now all
