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Hello this is Matt on the moon Lambo Channel will xrp hit a new all-time high In 2024 well that's the million question Isn't it and for many of you listening I Mean that literally if xrp hits a new All-time high in interest price Discovery this will result in a ton of People becoming financially free let's Say so I want to talk about that Concept In this video I want to share with you Perspective from some of those Well-known names speaking out in the World of crypto I'm also going to share With you a poll of the xrp community and U you'll see how many xrp holders uh Think there will be a new all-time high For xrp in 2024 now as far as I'm concerned and I've been pretty vocal about this I Don't think it's probable not literally Impossible but I don't think it's Remotely probable that xrp will hit a New all-time high unless Bitcoin does so I do want to spend a fair bit of time Talking about what's going to be Happening to bitcoin even if you don't Care about Bitcoin you should be Incredibly interested in this because The future of your xrp in terms of price Action uh is Reliant upon this all right That's what history tells us anyway but Uh 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 right I'm just an Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a Hobby and just for f now Before I show show you the poll I Thought I'd share with you just a little Bit of this article there's a couple Spots Snippets from this article I want To share with you it's from coin Telegraph it's titled crowded trade Question mark which is why the Inflection of my voice does this Questioning retail hasn't been this long On Bitcoin eth salana Xrp in over a Year look I'm telling you I don't care How many people want to whine and About xrp movement sideway ways while Other coins pop off which induces fomo It's just stupid human emotions it Doesn't actually mean anything I I don't Care I'm looking at all the other stuff And well well first of all I already Understand that the asset class moves in Tandem and the stuff isn't going to just All pop off at the same time we know xrp Historically legs behind so that Wouldn't freak me out anyway like none Of this freaks me out but on top of that We have seen institutional money come in We've seen whales purchasing xrp while
All sorts of adults are just bitching And moaning about xrp not even really Going down much in price just kind of Moving sideways these are adult humans Bitching up a storm about this stuff and Here is another positive metric that you Can look at piece reads as follows the Cryptocurrency Market's capitalization Metric has been trading within a Relatively narrow upward channel for the Past 10 weeks this indicates that Bullish momentum has remained intact Despite recently failing to break above The $ 1.7 trillion doll market cap Resistance in December bitcoin's price Made 20mon highs above $444,000 and ether's upswing has stopped At $2400 some analysts argue that the Excessive demand for leveraged Longs Buying will trigger a correction but is That really the case well let's I don't Want to read the whole article to you But let's get to the part that we Actually particularly will be interested In as xrp holders check this out retail Traders preferred instrument for Leverage is the Perpetual contract also Known as an inverse swap these contracts Have an embedded fluctuating rate Usually charged every 8 hours so their Price tends to match the spot markets Instead of the typical premium found in Monthly contracts in a sense it's more
Straightforward for Traders but at the Same time it introduces the uncertainty Of variable funding costs a positive Funding rate and this is the key part Here indicates that long positions Buyers demand more leverage while the Opposite occurs when short positions Sellers require additional leverage Causing the funding rate to turn Negative notice how the weekly funding Rate reached a one-year High ranging From 1% to 1.2% for the top five coins Including xrp and salana in terms of Futures open interest and they have a Little graphic right here a little chart Well not chart but little what data set It looks like it's an Excel you know Basically that type of for those of you Not looking I'm just trying to describe It that's on your screen right there you Can see xrp listed right there again It's just one more piece of the puzzle There there is no one thing to look at To come to the conclusion that xrp is Absolutely awesome sauce obviously it's Not there's all sorts of things that you Can look at and I I I cover a variety of Them on this channel for so many reasons It's just one more thing that paints a Positive picture so what does the Community actually think because again Positive funding rate I again one thing What does the community think though um And you know honestly it's kind of nice
To see this in a way what's on your Screen because even though I like I'm Telling you there's no shortage of adult Humans bitching up a storm displaying Their Impatience uh you know having to do with Xrp price action but mind you I've been Holding this damn thing for over six Years I'm not the least B bitten patient So I look at these other adults uh Behaving markedly differently than me Having completely emotional responses I'm just like girl you do you you know What I'm Saying but even this being the case it Really it really is just that even Though it feels like it's it might feel If you're on social media that it's most People that are not happy with xrp it's Actually not true and I have mentioned This before but I want to bring this Point home again in this video it's just That the people that are the most Impatient and and whiny uh they are the Loudest They're going to be the loudest so it'll Feel like that's all there is out there If you're in social media it's actually Not true and I think that this poll kind Of proves that so this is a poll from Crypto Insight UK and the simply asked Will xrp break alltime high in 2024 64.2% responded Yes
35.8 uh% responded No now I understand it's frequently the Case that whatever the masses think That's probably the wrong thing but not Literally true um because you know if You're talking about the depths of the Bare Market retail is going to get that wrong When you're talking about the highs of The market when everyone's F moon in That they're going to get that wrong too But there's this sweet spot in between Where reasonable people and emotionally Charged individuals in between those Extremes of the market cycle are going To agree and they're going to be right And it seems to me that this may be Where we're at right now so I I can't Speak for sure if xrp is going to hit a New alltime high and for again again for Me to be perfectly honest with you I Think I think as long as Bitcoin does Yeah we're going to see it um although Technically fine another little asteris Here is I'm thinking in real time here It's just like a stream of Consciousness if this if if Bitcoin Starts to pop off like say the end of 2024 xrp would still respond but in Theory then it would probably bleed Potentially anyway into 2025 but I I think that you know there's Reason to suspect that most most of the Of the the fireworks that we're going to
See and the most fun is going to occur Actually in the first half of 2024 and that seems to be the Perspective of many of the maybe perhaps Most of the chart analysts that I follow And I've been sharing perspectives from Many of them on my channel because I Appreciate that advice that diversity of Thought here so is it going to happen Like if I had to guess yes or no I mean I guess I'll just say yes for fun of it But that doesn't mean a damn thing like Do I have strong conviction I mean I'm Just making stuff pupp it by say it like You understand that like that's why I Hesitate to even play that game I mean I Can't I can do it just for fun I guess But I don't know what's going to happen Man Uh you know what I'm just gonna be po I'm just gonna say yes just for the hell Of it I don't know what's gonna happen I Don't know I'll just say yes anyway that That's my bet my bet is yes it's gonna Happen it's finally gonna happen damn it But hold this six years Go now mind you I'm teasing I'm not Actually Impatient but again since this you know It's going to re Bitcoin moving so far As I'm concerned what what the hell is Bitcoin going to do it better do stuff Look at this headline from the daily Hotle here's when Bitcoin could start to
Really take off according to crypto Investor Nick Carter Castle Island Ventures founding partner and coin Metrics co-founder Nick Carter is Predicting when Bitcoin could start Soaring again in a new Bloomberg Television interview Carter says he Believes Bitcoin will take off in price Months after the possible approval of Spot Bitcoin exchange traded funds In the US and I'll pause a note here Even though I know this guy despises xrp Because look even smart guys not going To be right about everything and look People are entitled their own opinions It's it's fine not going to hate Somebody just because they don't like The same cryptocurrency as me um even Though I know that's the case with Nick Carter I will tell you that I agree with Almost 100% of his perspective on this Topic so let's dive into what he said Here's a quote from him well of course There's tax selling potentially to end The year here and we've seen the market Give up some of those gains in recent Days but just fundamentally it's about Expectations versus catalysts and the Market at this point thoroughly expects The ETF and I think the big rally we've Seen from the 20,000 low 30,000 into the Mid 40,000 for Bitcoin I think that's Almost entirely ETF based and so on day Of the potential Bitcoin ETF approval
There might be a bit of a pop but I Think the effect might be muted okay so Pause this is one of the points where I Differ a little bit so when he says There might be a bit of a pop that part I do agree with I think there's a really Good chance that we do see a notable pop Very quickly uh but my for fun guess is That not long after that we're going to See that it was a sell the news event And the price is going to Crater back Down so when he says the effect might be Muted I'm saying it's a sell the news Event and I'm happy to be wrong if I am Wrong I'll talk about on the channel be Like yeah I was wrong and this is Awesome I'm very glad was wrong that is What I will say something to that affect Is I would love for it to just keep Tearing to the upside I just don't think It's going to happen I don't think That's probable uh based on you know Historically when these types of things Have you know uh been made public and When you actually get these types of Approvals it's just that's not how Things play out typically so he says Muted I say sell the news so it's not That far off from what I'm saying but I Think yeah downward price action to Whatever degree um but then things Recover Market gets hot again why the Hell wouldn't it Um and but here's the rest of his quote
Where I expect to see the price Developing in the medium term that's Where I'm excited that's when I think You see Ras registered investment Advisers and other kinds of financial Entities that previously weren't able to Necessarily recommend Bitcoin to their Clients get the ability to do that with ETFs I think we'll see a marketing Rampage from the big ETF sponsor some of The largest financial institutions in The world and that's when I think this Thing really takes off as we enter and Throughout 2024 end quote uh so I don't Know exactly how long this is going to Take but I will say uh given that I do Not believe that these investment Vehicles are going to fail even if it's A sell the news event which is what I Keep saying I think is most Probable this will materially impact the Supply and demand Dynamics for Bitcoin So I don't care if it's a selda news Event over a long period of time it's of The utmost importance and so he seems to Think similarly it's just kind of a Question of the timeline are we going to See as a result of this thing getting Approved inside of the first 12 first 12 Months or so serious money Flowing there is an actual good chance Of This there actually is so as far as how Much I've seen such wild um expectations
And guesses predictions about what the Dollar amount flowing in will be like Off by off off to the tune of like to The tune of like T of billions of Dollars and that's substantial because You know for every dollar that comes in Expect that to positively impact the Market cap for Bitcoin 5 to 10 fold That's those are the estimates that I've Seen so if somebody's guessing 15 Billion Flows In in 12 months that's a Lot different than somebody's guessing 50 or 100 billion in the first 12 months Because take those numbers and then add A at a multiple of five or 10 that's so that's why for me like I'm Not pretending to know but if these Products these Financial products are Successful out the gate we're going to See it cuz bitcoin's going to get Snatched up son and that's going to be Great for the entire Ecosystem but you know even if it Doesn't happen that quickly and I mean It's it's possible it could but even if It doesn't that's why I keep saying over A span of years and decades this still Matters to us tremendously we're just Early so I will hold however long it Takes for me in the end it's not going To matter I'm having a blasty blast here Running this YouTube channel being Invested in crypto obviously couldn't be More excited so whatever the timeline is
Like I'm down for it I am Mr patient I Don't give a damn um not in the I mean I Prefer it to be sooner duh but you know What I'm saying anyway peace continues Carter also says he expects approval of Spot Bitcoin ETFs on January 8th and he Believes the ETFs will have a much Greater impact on bitcoin's value than The April 2024 Bitcoin having event when Miners rewards are cut in half reducing The new supply of Bitcoin he said quote The market is almost certain at this Point point that we will be getting an ETF in the coming days most analysts Think it's likely to come before January 10th I think it's likely to come on the Eth so the near-term price action I'm Sorry the near-term price certainly uh Reflects that expectation so we may see A new selling event here however over The medium term the ETF unlocks whole New classes of capital that otherwise Wouldn't be able to enter the market and That haven't been able to allocate to Bitcoin so I think you will see Structural flows that will be positive For Bitcoin the having I'm probably less Constructive on I think it makes a very Marginal difference you're only seeing a Small effect of on Supply in terms of Marginal supply creation so the having Is I would say less of an exciting Development inco okay I really
Appreciate that he's saying that because There's this stupid ass narrative I know It's bogus and I think that a lot of Bitcoin Maxis out there know it's bogus That this having is what's driving this Stuff no It doesn't make sense almost all the Bitcoin's already been mined so if you Cut you know the the spigot that is you Know dripping little little tidbits of Bitcoin out you know via mining if you Cut in half the already small droplets Coming out of this spigot it doesn't Matter it's already tiny most of the Bitcoin that's going to get snatched up In the bull market is going to be for From holders that already have it it's Already been mined long long long ago so I'm glad that he said that and I also do Think he's broadly correct here there's Going to be all sorts of money flowing In uh to the the crypto asset class via These new investment vehicles once they Get approved that otherwise wouldn't be There it's going to be fantastic so if This actually happens like this is why I'm saying it's totally plausible that Things could be absolutely bananas in 2024 and I know you can compare uh this Approval to you know other ETF or ETP Style products getting improved in other Corners of the world but understand that This is the United States And I'm not just saying this because of
Ethnocentrism because I live here it is The case that the amount of money here In this market in the United States it Is not even close to some of the other Places where these types of other Similar you know types of products have Been approved it's materially Different yes that that part is Different and black rock I mean fidelity The biggest names on the damn Planet Jumping into this thing yeah that's Going to be a going to have a much much Different impact compared to other Products in other countries that are on Much smaller scales of Course and then there's this from the Daily hudle fund strats Tom Lee says Bitcoin likely to have very strong 2024 Mid two bullish Tailwinds Tom Lee thinks 2024 could be a big year for Bitcoin Lee The managing partner at equity research Firm fund Strat Global advisers says in A new interview on the Julia L Ro show Show that two major Tailwinds will Prime Bitcoin for Success next year quote the First is monetary policies flipping Central banks are really flipping dobish You've never had a down cycle in crypto When the fed's easy and the second is That there's a really uh really a way to On-ramp more customers because a Bitcoin Spot ETF exchange traded fund is likely To get approved I love how people think That that's not an upside story it's a$2
Trillion asset class that you can't Really access through 401K today but if You make it available through a spot ETF Remember us households have like $170 Trillion of investable investable Capital end quote Lee says if people put Just 1% of their 401ks into Bitcoin it Could overwhelm bitcoin's Supply which Could drive prices higher quote I think Bitcoin could have a very strong year Next year end quote and so look Nothing's guaranteed of course not but It's an interesting topic here and so Let's Circle back to what I'm was asking At the beginning of the video will xrp Hit a new all-time high in 2024 there's reasons to think the answer Is going to be yes and I still believe Like we're the closest we've ever been And yes I think it would happened in 2021 but not for the SEC being comprised Of a bunch of ass hat Pricks that's true I'll give you that One but we've never been closer with the Legal Clarity and everything I like all This actually does matter and you can See that people treating xrp differently Now that it does have legal Clarity this Is obviously the case with the Institutional money flowing in as I I've Been citing and you can see there was Another wave another impulse of Institutional money flowing in as soon As there was that legal Clarity they
Placed a lot of entities placed their Bets over half a year ago you know and And even leading up to the legal Clarity Right so I don't know for sure if it's Going to happen but to the people that Responded to this poll from crypto Insight UK 64.2% voting yes xrp new altime high in 2024 y'all might be right we're going to Find out together though 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
