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Hello this is Matt on the moon Lambo Channel and take a look at this headline From the Crypt basic ex ethereum adviser Agrees xrp could surpass $100 as it has no ceiling and so as we Go through this article and cover the Comments from this particular individual I'll just tell you here at the outset I Broadly agree with this um and and also I want to say I'll be happy for the Bitcoiners out there who are happy with Their you know their forrex or or five X Returns but uh you know from from where We're at now or even the upper $20,000 Region but uh that that will just look Cute compared to the returns that xrp Ultimately provides that's what I Believe and don't forget xrp was the Number one performing cryptocurrency for The market cycle that peaked in late 2017 with returns for xrp of about 880,000 Per. so don't be surprised when xrp puts Bitcoin returns to shame now that said I Do want to point out and well we as a Broader crypto Community have been Talking about this and there's Tremendous truth to this you know the Hype surrounding approval of a spot Bitcoin ETF is very very real you know Most people don't understand how big of A deal this is and and here's the thing Though not just for Bitcoin but for the Entire asset class you know I firmly
Believe that xrp will benefit more from A spot Bitcoin ETF than Bitcoin will Benefit from a Bitcoin ETF XR it's going To be better for xrp because it's going To put more money in the space and xrp Will have this tremendous multiplier Effect so even a fewer dollars go into Xrp in terms of percentage gains ain't Going to matter xrp will substantially Outperform Bitcoin and many people will Become xrp Millionaires and even if most Holders don't become xrp millionaires Because because most people that invest In most assets don't Become they don't get millionaire status Just because of the one thing the the Point is the opportunity is there but Before going further I do want to be Clear I do not have a financial Background of any kind I 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 all Right so into this first piece Steven Narof an early advisor for ethereum and A notable member of the xrp community Recently contributed to the discussion About xrp attaining double and triple Digigit dollar values in the Future in a recent tweet an xrp Enthusiast sought Nar off's view
Concerning the future of xrp he asked About the possibility of xrp reaching The lofty Heights of $10 or even $100 And folks I I've stated many times that Those price levels although I don't make Price pred predictions those do not seem Remotely wacky or unreasonable to me Well especially 10 obviously but even if You're talking about three-digit xrp not That I'm convinced that it's probable This will occur the next time xrp enters Price Discovery after hitting a new time All a new all-time high finally I don't Find that to be the most probable but The idea of it eventually getting to That level that is not crazy Land no no way to know for sure it's G To happen but that seems completely Plausible there's way more than enough Money on the planet that can flow into The crypto space and specifically xrp to Get the price bid up to that level Absolutely there's no reason that xrp Couldn't at some point have a Multi-trillion dollar market cap I Remember stating when I jumped into Crypto over half a decade ago that there Will be individual coins with multi- Trillion dollar market caps perhaps some Coins will have market caps in in the Tens of trillions Maybe and I'm talking in in terms of Purchasing power in today's dollars Obviously with inflation you're going to
Probably see that anyway but I'm saying In terms of today's purchasing power That would not surprise me in the least There's almost no money in the crypto Asset class and so if xrp continues to Get adopted and especially as the asset Class evolves and we enter a more mature Phase of what it is to to have this Crypto asset class yeah why wouldn't Money flow to where the actual value is Which is to say you know the Cryptocurrencies that are solving real World problems that doesn't sound wacky In the least anyway narof acknowledged That offering a straightforward response To such a question is complex yet he Provided an overview of his thoughts and So here's what prompted this there's a Uh an xrp Community member named Selective detective uh who wrote to Steven and said do you think xrp has a Bright future and by bright future I Mean can it get above $10 possibly up to $100 i' take your opinion on this over Anyone's currently and here's what Steven had to Say I believe xrp has no ceiling if they Achieve their objectives it's not a Simple response but it give a high level Take usually a lower xrp price would Make their offering more attractive However Ripple is clearly the odds uh on On I'm sorry I read that weird however Ripple is clearly the oddson favorite to
Win in a network effects model once this Is achieved xrp must be used and at that Point I don't see a sealing on the price Now folks you know you know this makes Me think of instantly and I'm sure it Probably hit a lot of you the same way Remember # xrp the standard like and That's still like people still use that Sometimes but I remember seeing that in 2017 and I made the point back then Because there's a reason that people Started talking like that and that Hashtag is a real thing it's because Standards matter to people once xrp gets Used for various purposes and it becomes The standard for those use cases and It's adopted it becomes easiest to use That it's hard to supplant a standard in Life no matter what that standard is you Need something that is order an order of Magnitude better in order to have a Standard supplanted and until you Achieve that something that is Marginally better isn't going to replace It and so here you have xrp one of the First cryptocurrencies ever it's now Been around for over a decade it it's Got the it's got the adoption it's got The track record it's got the liquidity Uh it's it's just it's it's a go-to Crypto specifically for payment Applications and there is there's a need For that absolutely it just works it's Blazing fast transactions are so cheap
They might as well be Free you know uses almost no energy they All these perks so it's perfect for the For for payments applications here so Yeah once that's in place and even if You're just talking about he's talking About Ripple here so even if you're Talking about xrp as a bridge currency Yeah once it's in place it's it it just Is good luck supplanting that and so if You're a new person jumping into crypto And you know that it must be used for That use case and it's become the Standard if you want if you want to Invest in crypto crypto might you put Some dollars into xrp you know Anticipating that yeah it's probably not Going to go away I think the answer for A lot of people absolutely will be us And supply and demand plays out and the Price goes higher that's one impact of This and so I think that it's not just Ripple that's ultimately going to drive The price of xrp and and honestly to This point Ripple's not driving the X The price of xrp xrp follows Bitcoin but Even if you're talking about a more Mature asset class where our utility Sufficiently matters Ripple's one Developer so in terms of having a Healthy a ecosystem for xrp where There's all sorts of use cases all of Those factor into the price of xrp Ultimately that's what actually matters
Anyway then Steven continues he says Look at the US dollar which has Network Effects and is the standard that must be Used in countless instances there is Clearly no sealing on the price of the Dollar as it gets massively depreciated But price becomes irrelevant Overshadowed by its required necessity And so there folks he's stating of Course of course obviously as the United States dollar gets to based and Inflation is what it is it's still the Standard not that the not that the Dollar can't get and this is me speaking Now not that the dollar can't be Supplanted but it is in today's world a Necessity and so once something is a Standard again it's hard to supplant it And then he says come to think of it Could xrp take the reserve currency role In part or whole interesting concept Wonder if that had anything to do with Ripple being viciously and unfairly Targeted probably just a conspiracy Theory that so many powerful entities Would go to such lengths to unjustly do Everything they can to slow Brad Garing Hous and Company down as they knew they Couldn't be caught with their favored Alternatives note that I don't own xrp Or ether right now so nobody can say I'm Doing this for any ulterior motives Other than just other than Justice and Radical change to a more fair and
Transparent system and then he tagged me With a bunch of other uh individuals in The space so um as as far as the idea of Xrp as a as a as a reserve currency I've Said many times dating back to the Beginning days of my channel that the Idea of a cryptocurrency or multiple Cryptocurrencies as a global Reserve or Reserve currencies Mak sense so again That the dollar actually like standards Can become supp again like I said it's Just difficult for that to happen but Yes it actually could and it could be Xrp I'm not going to predict that There's so many different Cryptocurrencies out there and it's too Early on I will predict that xrp plays a Part of that role but it is plausible And I've I've been saying that the whole Time I haven't run this channel because I believe That in fact given how the based Fiat Currencies always end up getting why Wouldn't you have something that can't Be the base become a global Reserve That's jurisdiction list where there Isn't some sort of uh nation that Benefits most from it being adopted as The reserve why wouldn't that ultimately Happen especially as the dollar becomes Weaker and weaker why why wouldn't that Unfold so that's completely plausible And so then the idea of one of the Oldest cryptocurrencies out there
Playing a major role in that that's Totally plausible I just think it's less Likely if you have a whale the size of Ripple right now holding almost half the Supply I do think it's less plausible Now I'm mind you I don't care that Ripple holds as much as they do I don't Care I'm just saying if I'm a nation State um and you Know and I want to get away from the United States dollar and have a new Global Reserve I probably don't want to Jump over to something that can be uh Could be in theory price manipulated so Much and again you know me I'm I'm I'm Mr proex PR I'm just saying if if I'm a Na now me as an xrp holder I understood That from the beginning that you know Ripple could do bad things and they Could start dumping on us and I just Take that risk and okay I'm one person But if you're talking about the the Economic viability of a Nation I don't Suppose that a nation is as likely to Take that on as I am you know for myself Holding XP because I understand that's Technically a risk I just don't care I I Just I don't believe that it's in Ripple's best interest to start dumping On the market crazily every time XP Comes out of escrow just sell the whole Thing I don't think that that's likely To occur but if you're a nation and your Existence is on the line whereas my
Existence wouldn't be on the line just My financial well-being like you no I Don't think that that's likely now as as More and more xrp gets out into the wild I think it's more plausible to suppose That it would be on the table because There's always going to be whales with Any asset whether it's Bitcoin or eth or Pick pick your coin there's always going To be whales out there includ there's There's United States dollar whales you Know so that in and of itself isn't Going to stop it's just when you're Talking about to this degree I just have A hard time believing that a nation Would actually like uh yeah xrp is the One even though from a technological Perspective it's fantastic for payments I still have a hard time believing that Unless or until uh you know Ripple holds Less of it but that may be okay because I don't know how long it's going to take If if a cryptocurrency or many Cryptocurrencies end up becoming a Global Reserve or or reserves or they They take that role that might happen Over a span of decades anyway and then Ripple's Holdings are going to be I mean They understand like they're going to be Reducing their Holdings over that type Of time span so it's not crazy to think That it could happen and when so when You're talking about xrp hitting triple Digits or more it's not crazy I I do
Broadly agree with what's being stated There and so talk about what's happening Here in the short term here I wanted to Highlight this briefly uh Bitcoin to Repeat Gold's 4 75% post ETF rally bit Wise as Matt hugan says approval will Unleash new Capital wave the chief Investment officer at the largest crypto Index fund manager in the US is very Optimistic about what a spot Bitcoin Exchange traded fund approval could do For the king cryptos price Matt hugan CIO of bitwise draws a comparison to What happened to gold's price after the Precious metal secured its first ETF in The US in 2004 suggesting something Similar could happen to bitcoin quote People ask me what happened when the First first gold ETF launched in the United States end quote and um he shared This chart right here showing first US Gold ETF right there with that line and You can see and it might be hard to see On your screen right here but you can See just right on up to the upside Bitwise is one of numerous companies That has submitted a spot Bitcoin ETF Application to the US Securities and Exchange Commission in a recent Interview with thinking crypto hugan Said that bitwise is focused on Educating traditional Finance Stakeholders about Bitcoin and he said Quote the thing to think about with the
Bitcoin ETF why it matters is it unlocks This other segment of the market that Essentially has no allocation to crypto Which is the financial advisor Marketplace now this is an important Market it's at least twice and maybe Four times as big as self-directed Retail investors so the people who own Crypto now are mostly self-directed Retail investors the the financial Advisor Marketplace controls between 2X And 4x as many assets so folks think About that just pause think about this What they're talking about here is Because that that is the the state of That particular segment of the market You're talking about people coming in And selling the particular asset so in This case in the world of crypto selling An asset Bitcoin which I hold many of You out there listening if not most of You hold at least some of it right and Then that'll just make the whole crypto Pi bigger and there will be other ETFs Ely I won't be surprised to see an xrp Spot ETF at some point in the future Also but anyway then he says and so what We're doing every day with a 20 plus Person sales team is having meetings With these advisers talking to them About what Bitcoin is talking to them About where it fits in their portfolio And laying the groundwork for when that ETF launches for them to adopt it
Readily we're seen real traction there Are a lot of advisers who want to Allocate ahead of the bit coin ETF end Quote and so there you go it's it's just It's one more piece of the puzzle one More thing you can look at that that That shouldn't still confidence I would Think right a lot of confidence these People are ready to sell this thing Which we hold and it's going to make an Entirely substantially larger Crypt Which is why I said at the outside of The video Even though you're talking About the money flowing into a Bitcoin ETF and not an xrp ETF with the crypto Pi getting bigger as a result of this And they being less money in xrp you'll Get a much greater multiplier effect for Xrp because of the spot Bitcoin ETF which is kind of awesome right like I firmly believe that to be the case why Wouldn't it be there an insane amount of Money is going to flow in because of the Spot Bitcoin ETF it's it's it's not the Same as when uh Bitcoin Futures got Approved in late 2017 yeah that caused a Little bit of hype in the market and Cool it seem seemingly is more adoption Yeah yeah yeah but spot Bitcoin ETF is On a whole different level because in This case actual Bitcoin has to be held By the firm that offers the ETF with Bitcoin Futures that's not the case There is no underlying Bitcoin that you
Know those transactions are not settled In Bitcoin but here with the spot Bitcoin ETF yes it's backed by actual Bitcoin so the the supply and demand Dynamics are absolutely at Play That's Gigantic so then everybody else Everybody else that uh you know say they Even the segment that does have coinbase Accounts and other Exchange accounts They now have less Bitcoin available to Purchase because it can't be on those Exchanges because the fund managers have It now for their customers who are Purchasing the ATF on on the New York Stock Exchange that's incredible that's going To make it a way bigger crypto Pi I'm Here for it man so yes you know the idea Of xrp in three digits not crazy in fact If it's around for decades from down the Future it kind of surprised me if it Doesn't hit that if it's truly going to Be one of the long-term players and to This point it looks like it's going to Be so unless something changes but uh You know could take a while but it's not Wacky I understood that it sounded Impossible for Bitcoin when it was a Buck the idea of it actually hitting $70,000 put you in Looney Tunes land but Hey you know what that Happened it's possible there's Definitely enough money on the planet to Get xrp bid up to those prices and we
Are here first xrp will create it well Already has created a number of Millionaires and it's going to create Way more millionaires and Multi-millionaires in the Future so I'm thrilled to be I'm just Going to keep waiting but this is the World we live in it's an incredible Reality which is why I always say we Don't need the nonsense hype and the Conspiracies to fuel excitement in the Xrp community reality is more than Sufficiently exciting I'm not a Financial adviser you should not buy Your 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
