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Hello this is Matt on the moon Lambo Channel xrp is storing value xrp itself Is a store of value period and I'm going To make my case on this despite uh scary Sounding headlines like this one from You today massive xrp crash what's next Oh yes that's right xrp is crashed to Price levels not seen since four days Ago Literally but the reason I wanted to Highlight this is because there's some Silly ass stuff being stated by people From Vanguard now Vanguard you may recall uh When the Bitcoin ETFs got approved they Said no no we're not going to let that Be purchased by a CL that's what I think They sound like anyway um that that's What was coming out of their face holes Anyway that was the message uh Stupid Much then you can look at how much Money's flown in but but it's so Principal they're protecting their Clients from what from massive profits During the Bull Run you idiot sticks but It's not just that it's it's they Literally are stating that Bitcoin Itself is not a store of value because It's too volatile so what I'm going to Do is destroy that argument and while Doing so I will argue that well Bitcoin Certainly is a store value because That's how people are treating it and so Is
Xrp unquestionably 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 all right here's the Investopedia Website an article from March 25th 2022 Store of value definition how assets Work and examples let's just look at the Key takeaways that's sufficient for the Purposes of this video they got three Bullet points number one a store of Value is an asset that maintains its Value rather than depreciating two gold And other precious metals are good Stores of value because shelf lives are Essentially Perpetual three a nation's Currency must be a reasonable store of Value for its economy to function Smoothly so here's the interesting thing About that that definition I think most People would take that a face value and Be like yeah that sounds right that's Probably about what a store value is um There's nothing on the planet that meets That criteria did you know That because and they even cite gold in One of the examples gold doesn't meet That criteria I will show just hang with
Me it's like literally by this standard Gold's not Gold's not a store of value And so here's the deal what it comes Down to when we say store of value we Have as individual humans this vague Idea of what that means um but you know What's the litmus test to determine what Is an actual store of value who's in Charge of it is it an org organization That's in charge of decreeing it and if So who gave them power and is that Agreed upon the world over well Obviously not there is no such thing and So uh you're going to have different People with different ideas of what that Mean and that's that's a lot of what Human language is we use words and we All have a rough idea of what it means But if you actually ask various humans To break down the definition of multiple Words you're going to find that there Are a broad range of understandings of What these words mean even though we're Able to function as a society on a daily Basis it's no different with store value That's exactly what's happening here so What is it in the end I mean the truth Kind of is like how how you treat any Term or word it's like it's whatever we Say it is basically because technically All words are made up all phrases are Made up so I I was curious though I Wanted to know in the xrp community do You think do you think xrp is a store of
Value are you holding xrp as a store of Value and so I put out this poll and This is an old poll November 16th 2022 so this is right after FTX Collapsed and here I ran this poll on Social media platform X I wrote this Poll is for current xrp holders only is Holding xrp as a store of value at at Least one of the reasons you own it Doesn't need to be your primary reason If so just at least one of the reasons Please consider retweeting so we get a Larger sample size thanks all and we got 5,728 votes which is a pretty reasonable Sample size and um and yes was the an The overwhelming answer 66.3% of Voters said yes xrp I'm I'm Holding it as a store value value that's At least one of my reasons I'm holding It yes 66.3% % only 18.2% said no and Then there was a third option I included In case people you know came in and Maybe they if they weren't xrp huers but But they want to see the results they Could just click show results I was Hoping that would skew it less that's The reason I had that there 15.6% of of Respondents voted show results so Overwhelming so if you just look at you Know the yes versus no that is gigantic If you consider that yes and no are the Only actual xrp holders which might be The case I mean over overwhelming I mean You're talking over 75% of respondents
Holding xrp say yeah I'm doing it Because it's a store of value in fact There is this post from xrp Community Member Panos and he wrote to me in Response to this said it's the number One reason store of value and Generational wealth then it's for using It as a currency medium of exchange and For payments and soon for defi apps and Passive income yeah and I think that's Spoton I think that's what most people Believe that's that's how humans are Actually behaving Uh somebody else responded so actually Separate thir so this is November 19th I Wrote in the physical world there are Many things that are stores of value From precious metals to Commodities yet Inexplicably in the digital world the Only store of value is Bitcoin that's What the Bitcoin maximalists say the Answer is no and I've seen maximalist Like for instance Anthony Pompano he Stated that the only the only store of Value in the entire crypto asset class Is Bitcoin now this is just Echo chamber Nonsense from uh from Bitcoin Maxis you Expect to hear bogus nonsense stuff like This that's not insightful uh so I push Back on it of course but somebody Responded to me named xrp number one and Wrote a store of value normally retains Its value there are currently no crypto Currencies outside stable coins that can
Say that Bitcoin can't be a store of Value if it's less than a third of its All-time high neither can Xrp and so there are a lot of there's a Lot to be said about that so here's how I responded though and I shared this Chart at the time it's not labeled I Wrote is an asset with a chart like the One below which occurs over a long Period of time a store value and I'll Just let you know what that is right now Even though it's not labeled that's gold Now I'm going to circle back around Because there's a lot to say about this And it's very fascinating and it's going To arm you with ammo if anybody ever Comes to you and argues that Bitcoin or Xrp or pick your cryptocurrency is not a Store of value when they say gold is uh I got some serious am for you just sit Tight though because I'm going to have To Circle back around I want this in a Particular order and then I wrote on Your point about stable coins currencies That are losing their value are not Stores of value the US dollar is Therefore not a store of value that also Means that stable coins backed by the US Dollar are not stores of value because They are also losing their value and so Look very clearly um I would argue that Bitcoin or xrp way greater being store Value than a stable coin backed by the Dollar which is losing purchasing power
I mean the dollar in the last 100 years It's lost like 99% of its purchasing Power literally it's absurd because it's Getting debased it's just printed into Oblivion that's exactly what's happening Here no the dollar is not a store of Value I mean look at even in recent Years especially we've had notably High Inflation with trillions of dollars Getting printed uh printed out out of Nowhere very clearly right and then um And then in response to the chart that I I didn't label again I told you it's Gold I said you know you know is this is This a store value something with this Chart and then he responded to me and Said depends what you consider a long Period of time crypto hasn't been around Long enough to prove itself as a true Store of value compared to something Like gold okay so that's subjective I'd Say at that so now ex crypto has been Around 15 years at that point you know Uh coming up on you know 14 years at That point almost 14 years I'd say That's pretty long time that's Subjective though so I responded to him And I said the chart I showed you was Gold price dating back about 40 years Highly volatile there are multiple Points in time when you could have Bought gold and have been at a loss for Over a Decade volatility is part of any asset
Used as a store of value and uh I'm Going to play with a separate chart in Just a sex so sit tight because it might Blow your little mind because even Though gold has been pushing up recently Against new all-time highs in terms of Purchasing power if you factor inflation Uh no Noah is not anywhere close to that Actually and that's what actually Matters gold has been devastating for Some people from one generation to the Next just sit tight and I will show you So you know the fact that there's that Volatility and the nexp is volatility And Bitcoin has volatility no like Everything's going to be volatile Nothing is static period you should not Expect that with anything even if you Believe it's a store of value Period I also wrote I think a very Important question is how are humans Actually behaving why are they actually Making purchasing decisions that's a Bigger determining factor of whether or Not something is a store of value than Whether or not there is volatility many People are purchasing cryptocurrencies As a store of value if you look at the Fact that this asset class went from $0 To an all-time high of $3 trillion in a Little over a decade I think people are Right to act in this way but it's silly To think of only Bitcoin as a store of
Value but really it's not just that I Think people are right to act in this Way more Importantly they are acting in this way Which is what makes the idea true and so Folks I don't care what Investopedia Says they takeaways and I like Investopedia it's a fine website it's Wrong but again they're not in Char they They don't get to rule the world and Determine what the hell is store value Is they're sharing their opinion on Their website and a lot of you can find A lot of websites that would more or Less agree but in in practice what They're saying it it doesn't like there Isn't an asset that passes their a litus Test then as I said if that's the litmus Test it doesn't make sense which is why You I I say if you want to know what's a Store value go ask the people and that's What I was doing I was asking the xrp Community like do you believe that what You're holding xrp like because it's a Store of value is that a reason even if It's a small part is that a reason Overwhelmingly yes that is what people Are doing that's what I'm doing I I'm I Person I when I bought XB in 2017 Absolutely and it's it's volatile AF I Totally get it and I was down for the First few years okay got it but it still Has stored value over the Long Haul it's Been it's it's trended up it
Has then there's this um this is kind of Funny this is from onchain analyst will Clemen I'm gon to get back back into the Gold stuff in just a second because you You guys really need to see this but This is kind of funny so I highlighted This and this picture has been Circulating on on X recently in the World of crypto it's a picture of what People are calling a trafi guy or Traditional Finance guy and you can see He's got his little looks like a little Patag vest and all that he's got his Little coffee there that's what that's Supposed to be The Stereotype OFA tradie Guys I guess and so will Clemente shared That picture and wrote Bitcoin best Performing asset of the last decade Clearly not a store of value and how About that volatility you may be up over 50% year-to date but look at that 4% Draw down today irresponsible to hold I'll stay put in my mutual funds and That's basically the attitude of Vanguard right that's basically the Attitude it's completely ridiculous so Look at gold here's a gold chart this is An all-time gold chart going back uh Past 19 dickity to it's that old and and So it's we got all years on here right Um and this is inflation adjusted Because that's what actually matters so In you know in in terms of like what can You actually do and I'll show here's the
The one if it's not inflation adjusted This is what it shows so like if you Look in terms of absolute dollars um It's it's up it's like been hitting Alltime highs recently fine but that Doesn't matter because in terms of Actual purchasing power uh you got to Account for inflation right and so look At This adjusted for inflation here Bitcoin Was at $274 42 in January of 1980 $274 in January of 1980 now fast forward 20 years you know go back a here a Little over 20 years almost 21 November 2000 it was down to $474 3 in purchasing power that's right From about $2,700 accounting for inflation which is What actually Matters from 2,700 bucks Down to about 470 Bucks so you know and that's a long Enough time that if you had a bunch of Gold and you were transferring that down As what you believe to be generational Wealth and you you you trade that down To your children the Next Generation They're screwed because from $2,700 this This is a percentage calculator decrease 2700 bucks uh down to 40 470 bucks That's an over an 82% decrease 82% in Two decades Down I'm sorry Gold's a what a store of
Value says who are you out of your damn Mind that doesn't make any sense of Course it doesn't make any Sense that like and you say well you got To look over long 20 years is the long Haul that that's that's definitely the Long Haul and yeah it's been trending up but You could same argument applies with Something that's volatile how can it Possibly be reasonable to consider it a Safe store of value this is gold we're Talking about in everybody's Minds They've got this idea planted Gold store Of value but nobody's looked at the damn Numbers which is what I'm showing you Right now that's why this whole Argument's absurd and so you can look at So okay you know look at what happened At the end of 2,000 again 470 bucks fast Forward to uh July 2011 226 16 bucks That's insane Volatility if xrp is not a store of Value then neither is gold Period that's garbage and xrp has been Around over a decade now and gold has Been around over uh xrp uh Bitcoin Rather it's been around you know 15 Years and gold if you look in terms of Adjusting for inflation it never has had A new all-time high in 40 over 40 years 44 years now folks it's never hit a new Alltime high in 44 years adjusted for Inflation it's a what a store of value
Are you sure about that and let's look Further though so then from July 2011 go fast forward from July 2011 to Uh call it what December 2015 it's worth 1,400 bucks so from 2200 bucks down to, 1400 bucks how can you count on this Store of value my rear side absolutely Not and then of course it pops back to The upside you know 2362 bucks you get The point though and even if you want so But if you want to look at this and I Think this is less meaningful but if you Want to look at the adjusted for Inflation it's still insanely volatile I Mean look at this January 1980 677 bucks 20 years later you know 260 bucks Something like that so still lost over Half its value like that's how bad it is And then it Rockets back up and goes Back down so whether you look at Inflation adjusted or not I mean it's Still what I'm saying is true regardless Is that's the point of Completely ridiculous right and so then You get Vanguard here there's this video Clip it's been circulating today from Bitcoin magazine chared it just in $7.2 Trillion Vanguard CEO Tim Buckley says They're not going to offer spot Bitcoin ETFs quote unless the asset class Changes end quote and then he said quote Bitcoin is just too volatile and it's Not a store of value end quote Oh it's Not too
Volatile like gold you mean or what About the dollar having lost 99% of its Purchasing power literally in about 100 Years and it keeps going in that Direction in fact it's accelerating in That direction what the hell is a store Of value then you bunch of idiot sticks Got your damn minds and now you know you Are armed with knowledge and knowledge Is power 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
