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Hello this is Matt on the moon Lambo Channel xrp haters will cry themselves To sleep and frankly all the people that Have been going negative on xrp and Selling Xrp I strongly suspect that when this is All said and done those people are going To have extreme regret now this is not Me telling anyone that they should or Shouldn't buy xrp or anything for that Matter I'm just sharing my personal Opinion here because I know historically That when you have extreme Euphoria and Prices are going to go way way way Higher eventually hit that market top And those people are wrong and then on The flip side when you have extremely Bearish sentiment that frequently marks The Bottom and it looks to me like that's Where we are and there are so many Haters and there are so many people Capitulating I just and I just don't Think that history is going to be Favorable to their Positions uh there's also this headline From the Crypt basic crypto analyst Labels xrp hot garbage despite visible Recovery and I have a couple more things To say on a topic that I was discussing In a video just the other day um you may Have heard that the World Bank says that Xrp is a stable coin yeah I said some Stuff about that but I got a couple
Things to add on because as it turns out There are people in the xrp community That think that is a good thing that it Is accurate and that they would love for Xrp to be a stable coin which means it's Always the same price and I just a it's Like it's one of those moments where It's just like eye roll face Palm AUD sigh 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 so here's a headline and This is actually from about a week ago But take a look crypto analyst labels Xrp hot garbage despite visible recovery And they're sharing perspective from um RAF alvie crypto educator and host of The crypto Network and so right here in What appears as a pent up criticism of The coin obvious said xrp will always be Hot garbage and uh here you can see the Post I'm not going to read the whole Thing but he he says a bunch of nonsense About uh various cryptocurrencies Including xrp he says xrp is hot garbage And will always be now this is Fascinating because the market disagrees With him right now and has disagreed
With that type of idea for over a decade Literally as evidenced by the fact that Fact that xrp has always been in the top 10 cryptocurrencies by market cap for Its entire existence over a decade Despite the SEC attack despite the fact That last Market cycle people that would Have otherwise put money in xrp and Institutions didn't which means there's Way less money in xrp right this very Second as a result of that and despite It having legal Clarity all these things And increase adoption actual developer Activity actual utility in use cases This guy because of reasons says xrp is Hot garbage and always will be this is Going it's common right there it's going To age like a fine milk mark my words This is not going to go well and Um I have uh I I have things in mind for For such such Things there's this check this out Here's a post from uh Micah xrp and he Wrote I swear to God if xrp starts Ripping from here I'm going to make so Much fun of people that capitulated the Past couple weeks LOL just imagine Holding it for years and you sell it 50 Cents and then about it and then The price absolutely rips and so my Friend I got to say I have seen that Stuff happen I saw shortly after jumping Into crypto middle of December 2017 people capitulating out the Wazoo I
Don't know what the hell of Wazoo is but They were capitulating out of it right On out of that and I've said the Story many times so I'll be brief here But there was this XR there was well as A crypto YouTuber talking about xrp and It was like two or 3 days before the Face melting rally the biggest rally and Xrp history began two or three days Before we published a video saying I'm Out xrp hasn't gone in on when I want it To so he gave all his reasons it was Basically coming down to emotions and The opportunity cost of holding xrp when It didn't do anything and then it went Which should be a life lesson you don't Control when the market goes either you Have exposure when it goes or you do not And so there are going to be people that Have exposure when this goes or they Don't but capitulating here again you Guys do what you want like I'm just Telling you my personal opinion here Like there's not a chance in hell I'm Selling here there's just there's not a Snowballs chance in hell I won't sell Anything until we're into new high ter Till we had a new alltime high in price Discovery I not even a single xrp I've Never sold a single xrp I'm not going to Unless or until we get to that point and Then I'll start scaling out the higher The price goes but anyway I responded to Mah xrp and I wrote this is why I have a
Future dunks bookmark on X and then I Shared a screen grap of it and by the Way folks I really do have that which I Think is funny and I'm going to take Full advantage of everything that I've Been tracking but yes for those of you Not on social media platform X if you Have a blue check as I do um you can Have you can set up folders within your Bookmarks and categorize stuff uh which Is very useful and so I take advantage Of that and I have a category called Future dunks and it's almost entirely People that have been bitching and Whining about xrp saying it's hot Garbage or it's going as here it's never Going to go up and so I bookmark those For future Reference including this one right here As you can see oh it's bookmarked it's In the future dunks Bookmarked you got to have a little fun In life guys you got to have a little Bit of fun Here um and then there's this from the Crypt basic expert says banks will never Touch xrp if this development does not Materialize a crypto researcher has Argued that US Banks May remain averse To xrp usage unless unless their us Regulator openly declares xrp as Non-security in a recent exchange on Social media platform X digital asset Researcher Anderson argued a requisite
Condition that must be in place for us Financial institutions to adopt xrp the Context of the conversation surrounded Speculation over whether the US Securities and Exchange Commission Lawsuit against Ripple prevented Significant development prog progress For The xrp Ledger attorney Bill Morgan Initiated the discourse by asking why Crucial developments such as automated Market makers failed to surface on xrpl Years before the SEC contested xrp Status as a security though Morgan's Question was directed to another xrp Enthusiast crypto focused researcher Anderson weighed in to share his Perspective he expressed that Ripple Likely desired the SEC to publicly Proclaim that xrp is not a security Similar to the Declaration made for Ethereum based on this premise Anderson Argued that US Banks may never consider Adopting xrp without such clarification He emphasized that Banks and large Financial institutions represent where The bulk of the money resides and so um Um I I respectfully disagree and maybe Some of you listening will disagree with Me inside with Anders and that's fine We're all entitled to our opinions but I Want to share with you my thoughts on This particular topic um and so the Relevant portion that Anders had to say It's right here he wrote I believe
Ripple want sec to publicly state that Xrp is not a security like they did with Eth without any such clarification Banks Would never touch xrp Banks and large Financial institutions is where all the Money is and so look he asserts that Banks will never touch xrp unless the SEC declares it's not a security and This doesn't make sense to me for a you Know for for for multiple reasons Frankly you know first of all banks Understand that the personal opinion of High ranking SEC employees you know that Doesn't mean anything in regards to Whether or not a cryptocurrency is a Security and so when he says you know Ripple wanted sec to publicly state xrp Is not a security like they did with eth Well actually they didn't do that with Eth that was Bill Henman Bill Henman did That with eth Bill Henman sharing his Opinion about eth did nothing though to Make Banks feel more comfortable about It because it's one guy not the SEC and I know the market ran but that was the Market Now now furthermore Banks I think That this is these arguments are are More consequential frankly but you Banks Don't have to hold xrp themselves if They're using on demand Liquidity and so what do you think like What are what do you envision Banks Doing with xrp are you talking about on
Demand liquidity there are other things You could be talking about custody you Know if if banks are offering self- Custody or offering custody to clients Rather you know it's a virtual certainty That almost all the banks will Outsource That process because there will not be Many banks if any that would be willing To take on the technical expertise Necessary to master that Real it's so technically specific and The amount of money you'd have to put Into it it just it makes sense that There will be a bunch of banks that Specialize in regular banking activities That will want to offer such to their Clients and then you just Outsource it In which case the bank isn't even Holding it anyway they're just offering It as a middleman to their clients Effectively and so I I just respectfully Disagree there and if I'm wrong I'm Wrong but I I don't think that makes the Most Sense and then there's this from my Fellow xrp YouTuber Mason and I think He's kind of on point here he said it This goes back to the World Bank thing Guys so I don't know if you saw this has Been discussed widely over the last Couple days or so within the xrp Community on on social media especially X because that's where our community Basically lives all over crypto media uh
The World Bank they did uh they did put Out a document stating that xrp is a Stable coin and then this is actually Not even brand new news but it just Popped up again because a former Ripple Executive referenced this this is Actually news from 2021 and I remember I Covered it at the time in 2021 but since it's recirculating it's Got some people within our our xrp Community excited about the idea of xrp Becoming a stable Coin so anyway Mason understands this as A bad idea and so here's what he said it Is not bullish that the World Bank Recognized xrp as a stable coin we do Not want xrp to be pegged one to one With the United States dollar $1 per xrp With a Max supply of 100 billion coins Means only 100 billion worth of value Can be transaction uh transacted Slash Used it makes zero sense we do however Want enough volume and strength for xrp To to become a stable coin but at $5 to $10 haha so he's kind of joking there a Stable high value yeah so he's Definitely going in the right direction Now technically you could back it you Could say here's a dollar and it backs This this is you know it's pegged and it It accounts for one xrp or it accounts For 2 xrp or 5 xrp so technically you Could have uh you know varying amounts Of xrp worth whatever but either way
That doesn't matter I just thought I'd Mention that because technically that Would be true if it went that route but It it can't and it won't like it's it's Not going to happen it's outside the Realm of anything that's even reasonable To Consider um but I responded to him and I Wrote The Following the World Bank did Claim xrp is a stable coin in a document Published in 2021 however the author of that paper Doesn't know what he's talking about it Was actually just an error and you're Correct we don't want xrp pegged to the Dollar the good news is xrp is not a Pegged asset it's an asset with an open Market price and is backed by by nothing That won't ever change this whole Concept is just as silly as the xrp Backed by gold narrative that would also Be terrible you can see the error about Xrp being a stable coin on page 31 and I Shared a link there obviously xrp is Very volatile so the fact some idiot at The World Bank made this error is kind Of impressive in a way then I show a Little laughy Emoji because it is Ridiculous with crypto asset class being The most volatile asset class on the Entire damn plan xrp clearly wildly Volatile as cryptocurrencies are how Could you see that volatility and be Like oh that right there that xrp
That's a stable coin yeah what are you Talking about what did you be talking About that doesn't make any damn sense And and so this this really is just as Stupid as the xrp is secretly backed by Gold Crow that's one of the dumbest Things I've ever seen said in this Community or that xrp should or could be Backed by gold no it cannot because it Can't it can't It can't both be simultaneously backed By gold meaning it's worth what gold is Worth and also have an open market price Meaning it's backed by nothing because If it's worth what's what's what gold is Worth and what's what's gold right now Probably somewhere close to $2,000 an Ounce right it can't be worth that Dollar figure and also the open market Price in the you know around 56 cents Right now at the time that I'm recorded It can't be worth both prices it has to Be one or the other some people are just Idiot sticks like that's what it comes Down to here it isn't happening it's not Even desirable even if it was backed by Gold do you want That do you actually want that we're Here in crypto for the volatility and The incredible multiplier effect by you That you historically have been able to Get by investing in crypto do you want The boring price action that we've been Seeing in gold in recent years I sure as
H don't are you kidding me no that's not Even desirable and then if you're Talking about it' be even worse if You're talking about being backed by the Dollar It's like gold is it still moves against The dollar but if you're saying the Dollar that that's what you want that Thing that's getting eaten up by Inflation that's what the hell you want Oh my God but there are people that have been Argu I've seen It and I I I intentionally decided not To highlight some of the comments just To spare anyone the embarrassment Because hopefully they come around and Realize just how stupid these ideas are S t o o p i d Stupid but we'll See anyway so like I said just a few Extra things I had to say had to get it Off my chest Region 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
