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Hello this is Matt on the moon Lambo Channel I've been saying for a long time That I expect xrp to substantially Outperform Bitcoin over this Market Cycle so long as bitcoin's going to hit A new all-time high uh my bet you better Believe it is that xrp is also going to Hit a new all-time high and since There's way less money in it it stands To reason that it's going to Substantially outperform I I believe That if you look from the bottom of the Cycle to the top of the cycle once this Is all said and done it will be very Clear that the better investment was xrp Not Bitcoin and now one of the top Analysts in all of crypto in my HBO opon Says that xrp will and I quote severely Outperform Bitcoin end quote that's his Expectation as well and I want to share With you some thoughts and a couple Other things in this latest Moon Lambo Hot Cham uh but before going further I Do want to be clear I do not have a Financial background of any kind I am Not offering Financial advice and you Definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun as I record this video xrp Is 62 C Bitcoin is $ 42,1 37 and there's A company cutting down a tree right
Outside so I don't know if the Microphone is picking this up but I Heard this ridiculously loud sound it's Very audible in here I don't again not Sure if the mic's picking it up I was Like what the ever loving hell is this So I went outside and they're cutting a Goddamn tree down right at the time I Decided to record of course you know It's like I I I joke from time to time That The the the fastest way to find a gas Powered leaf blower is to start Recording a YouTube video like wouldn't You know it and there it is right there Press record uh but anyway uh market cap For the as has $1.66 trillion and you Got the crypto and greed index at 65 out Of 100 so down a little bit compared to Recent days but people still feeling Pretty gash darn greedy so here's a Video that was shared on social media Platform X by credible crypto uh this is The analyst that I was referencing at The outside of the video this thing's Almost a half hour long and I checked This thing out he published it this Morning and he gives perspective on Bitcoin eth and harar and xrp and Har Bar and xrp I was particularly Interested in because well number one Xrp is my largest individual crypto Holding and currently harar is my second To largest individual crypto holding
Though as things stand now my xrp is Worth way more in terms of United States Dollars um now of course if if har bar Runs before xrp which I think is fairly Reasonable to expect there's a really Serious chance that even if I don't buy Anything else never buy another crypto Ever again there's a very serious chance That my X that my H bar rather could be Worth more than my xrp at least for some Period of time so we'll see what happens Um and I wouldn't mind that on a Personal like that that's fine whatever Happens I'm not a maxim most xrp is my Favorite crypto but hey if something Else that I hold becomes worth way more Than that I'm going to be so bad Right um but I want to share with you Some of what credible crypto had to say Because he hasn't talked that much about Um xrp in particular lately and and There's a good reason for that it's not That he's not interested and it um at One point xrp was his largest holding I Don't know if it still is but he is very Pro xrp and it's still one of his larger Holdings undoubtedly and so um Incredible crypto noted that he expects Xrp to just keep ranging against the United States dollar but uh you know Expects xrp to actually fall against Bitcoin so you know once it falls a bit More and you know he said you know maybe It'll fall about 20% against Bitcoin not
Not against the dollar but 20% against Bitcoin it just means xrp is kind of Ranging so it could keep moving sideways Bitcoin price goes up which means that Xrp is falling against it uh he says That is when he'll be interested in xrp Again and and that's when he thinks it Will likely substantially outperform Bitcoin and he uh you know he also does Not expect xrp to make a you know a big Move while Bitcoin is consolidating Which he been doing for a hot minute Here right now you know he um now he Does think that we're likely you know at The lows more L for Bitcoin right now You know as it's it's clearly in Consolidation mode from his perspective Right and um and so once Bitcoin starts So once Bitcoin starts taking off again He does believe that xrp moves sideways Again sideways against the dollar more Or less so it' be range Mound but also Down against Bitcoin and then that will Likely Mark Mark the beginning of as he Put it you know xrp severely Outperforming Bitcoin okay and again why wouldn't that Happen if bitcoin's going to take off if Xrp is going to follow why wouldn't that Be the most reasonable thing to suppose Is going to occur so I I suspect that he Spot on that and so those are the Biggest takeaways in my opinion um if You want all the actual technical
Analysis you should definitely check out His video he is very thorough with his Perspective and all of his work and it's It's very interesting stuff but I just Wanted to share just some takeaways some Of the stuff that I thought was most Interesting specifically as it pertains To xrp anyway but why why wouldn't this Happen and I know it feels impossible Until one day you wake up and then xrp Is just running that's how it always Goes I've seen this before I see it as Xrp moves sideways even if the price Isn't going down I've seen this in Previous Cycles you know people get Frustrated because the xrp is not going Yet and the other stuff is and then it Just goes and so everybody's whining and Then everybody shuts up their little mouths because then it does Startco that's exactly how it goes and That's what's going to happen again That's my bet Anyway um then there was also this this Is hilarious to you guys are going to Love this have you guys heard the latest News from this afternoon having to do With the whole spot Bitcoin ETF Situation oh I love this so much here You have Eric balunas senior ETF analyst For Bloomberg and he shared the Following update just this afternoon Black Rock just dropped its updated S1 And it does name the aps that would be
Authorized participants you wonder who They are well one of them is James Jane Street and the other one is you want to Guess I mean I mean if you're looking at The screen you already know do you want To guess if you're not looking at the Screen it's fun it's a fun guess it's JP Morgan which he writes is kind of ironic Looks like we have our first horse at The Starting Gate so these would be the Initial participants And you guys remember what Jamie Diamond You know CEO of of JP Morgan has said in Recent weeks right when he had his Little uh public conversation at a Hearing with Senator Elizabeth Warren Remember the nonsense he was saying but Oh Bitcoin is yeah it's just a bunch of It's used for a bunch of illicit Purposes this and that remember all that Nonsense that he was Spouting this is so stupid and I think Zero Hedge put put it pretty well this Is a zeroedge account on social media Platform x 1.7 million followers they Wrote so Jamie Diamond who has called Bitcoin a hyped up fraud worse than Tulips and those are quotes Etc is going To be the authorized particip ipant for The biggest Bitcoin ETF soon to be Approved by Gary guinsler and run by the Fed's shadow money manager couldn't make This up yeah you know that's that's Pretty well spot on here so it'll be
Interesting to see what happens again i' I've made my bet publicly known uh I Think that what's most likely is you're Going to get a bunch of entities Approved all at once my fir if you go Listen to videos from recent months a Few months back my bet was that it would Be Black Rock my second place bet was That it would be a bunch of entities Approved firms approved all once I Changed that based on receiving new data And seeing how things are unfolding it Seemed pretty clear uh that you know the Way the SEC is going about things and Lining stuff up uh and the fact that They're having so many meetings with all Sorts of firms that have applications Filed it looks like they're probably Just going to approve a a bunch all at Once so based on receiving new data I Changed my my bet and now I think that You're going to have a bunch approved All at once um so then the question of Course as always been talking about We've all been talking about this a lot In recent days what happens next well It's been interesting to note and I Don't want to read the article but R Hub Who is an analyst who writes for coin Telegraph he just noted that there's not A crazy amount of money flown into Bitcoin right now I'm just kind of Summarizing this and um you know it Might have be the case that people have
Bought the rumor and the next step is Selling the news and I still think the Answer is yes happy to be wrong I will Not be the least bit upset if I'm wrong Wrong this thing just you know upon the News break and just runs the upside I Have a hard time believing that's going To be the case even if it runs up Initially that that's fine I still think There's going to be a sell the news Event very shortly after that and I I Just why wouldn't that why wouldn't People be taking profit upon this Occurring so again if I'm wrong that's That's funny because I mean I hold a lot Of crypto including Bitcoin so happy to See it just continue to run to the Upside but even if this happens man We're going to have some really serious Fireworks in 2024 that this wouldn't be Some sort of Doom day situation I'm Ready for this to happen and um so this Is anyway the most recent filing with Black rock it's just this thing is Getting approved like I just we'll see What happens I just it's hard to believe That the SEC would be putting on a show To this degree having this many meetings Which they never done in the past and They're doing it for for what because of Reasons right come on no it's because They're gonna prove the damn thing I'd Be shocked if they didn't at this Point so anyway that's the latest update
Just want to share with you a few quick Things here uh let me know what you guys Are doing out there I'm feeling excited For the future looking forward to seeing What 2024 brings us because I have a Feeling as great as 2023 was and it was I think next year is going to be way way Way better I'm not a financial adviser You should not buy or sell anything Because of anything I say or right that Would be a very very very bad idea until Next time to the Moon Lambo
