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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred.
Ignition sequence start 6 5 4 3 2 1 zero Liftoff we have a [Music] Liftoff hey everybody this is the Digital asset investor and I wanted to Look at this one uh this is a chart I Saw yesterday and I just wanted you to Look at this chart because it it Something about this chart excited me This was the the 2017 bull cycle this is The 2021 and they're showing I think they Call these descending triangles or Whatever I think that's what that's Called 2021 bull cycle look at this Thing I mean it if the idea is that uh That we bounce off at these these kind Of levels the 2024 bull cycle for xrp Just looks I mean it looks imminent That's I was one of the reasons I keep Buying I I'm buying almost I've been Buying almost every day for the last Week and I'm not going to stop I'm I'm I'm wait look as long as we're below a Dollar I'm just going to keep Accumulating xrp because I don't see Anything else that I want to accumulate To be honest now I I wanted to remind Everybody xrp Las Vegas we're we're We're we're about 40 something days into It now or until the thing happens and I've already been told that the ticket Sales for general admission are all the VIP is already sold out general
Admission has accelerated all the links In the are in the description and I want To repeat until the end of March uh Brad Comms and I we're giving away one ticket And you get you get to bring your plus One and we're we're going to buy you uh We're going to take you out to dinner in At xrp Las Vegas really before xrp Las Vegas um so anybody that buys a general Admission ticket between now and the end Of March you're going to be entered for We're going to pick one person and They'll get to bring their plus one to Have dinner with us we're going to have A we're trying to get a special guest to Be there at the dinner table but There'll we're going to make sure There's interesting people at the table Um and and if you're in D Xrp.com you're going to get a another Shot at it because I'm going to pick Another person plus one um their plus One gets to come too and we're about the Dinner's on us so um uh make sure you Get your tickets before the end of the Month to be entered into that now Something I haven't been uh mentioning As much you can go if you go to xrp Las Vegas.com there's a link right here to Book a room at the MGM Grand where it's Going to be uh I just wanted to show you How nice the rooms at MG GM Grand R Check it out this is a room I put it on Mute just in case the music is
Copyrighted this is a an actual room There at the MGM Grand I think this room Is one of the rooms that uh looks out Over like the roof of part of the Building so that is not the best example For that but if you want to spend more Money you can get a room that's looking Right right out at the strip too I think They the prices go up from there but uh Anytime I'm traveling anywhere I like to Go on YouTube and look at different Rooms and stuff to me it's kind of Before I go somewhere I like to look to Watch videos and see if this is the Place I want to go that's what I did on Dinner so that you could see um uh so That I to pick the I used AI to figure Out which restaurant I was going to take People out to in Vegas and um ask A grock some questions about That we don't need to look at the Bathroom any longer let's go into the Room here we Go I think MGM like renovated things in The last 10 Years um let's get to the main part of The Room so you got TV I think you see what You need to see look at This There's out the window I'm sure you can Get better better window views uh if you Spend the money to do so anywh who just Wanted to show you that now Anthony
Pompano was on talking about the Bitcoin Pullback he calls it a pullback for ants We're going to bring in pomp Investments Founder now Anthony Pompano where we're Going to talk about something much Simpler than the intricacies of Market Structure here because you do have Bitcoin prices back below 65,00 What's happening under the surface yeah For context uh this is a pullback for Ants compared to what Bitcoin Historically has been through right in Previous bull markets uh Bitcoin has Experienced 30% draw Downs five or more Times so on the way up 2017 we went from A th000 to $20,000 there was multiple 30% draw Downs right now we're about 13 To 15% draw down so in historical Context this is actually a very small Draw down in a bull market now the other Thing that's happening I think is if you Extend out and you look over the last 10 Years and the last 5 years bitcoin's up, 1500% the S&P is up not even double if You go back 10 years Bitcoin is Compounded the compound anual growth Rate of Bitcoin is 60% the S&P is 11% And so if you compare those things if You want volatility on the upside you're Going to need some volatility on the Downside to get there and so I think That just keeping the historical context Important is important because this is a Very very small draw down compared to
What we' seen in the past but does it Mean that Traders really ought to buckle Up here and expect potentially more Volatility further draw Downs ahead I Mean there is some irony in the fact That Wall Street came in and when the ETFs were approved immediately the price Crashed right kind of like welcome to Bitcoin and then we break alltime highs And three of the last four times that we Had broken all-time highs bitcoin's Price had doubled in 18 days or less and Then all of a sudden we get a 15% draw Down and so I think one of the lessons Of Bitcoin over the last you know call It three four years is no one knows what The future is going to be and we've even Violated some of those historical rules That people held uh kind of as these Like holy rules right we had never seen Bitcoin go below a previous all-time High we had never seen Bitcoin hit an All-time high before the having both of Those rules got broken and so I think We're in Uncharted uh territory here and People have to understand this is like An 80 ball asset that yes it's been the Best performing asset but it is very Very volatile on the way all the way Up okay um then we here's uh this is From the digital asset Summit and these Are some of the Bitcoin guys talking Bitcoin ETFs what they don't see is These wirehouses that have set up in
This massive system of distribution that I think Leon was alluding to so you give Us a little more there yeah sure and and Then I definitely have some thoughts on Whether it's sustainable if you think About the US retail wealth Market There's s of two groups there's Ras Which you would call ifas here which are Independent financial advisors and those Are the ones that are buying the ETFs Now outside of retail because they can Make their own decision and then their Major national account platforms like Morgan Stanley and Merl Lynch and Wells Fargo and UBS and they typically when an ETF Launch can't go out and sell it to their Clients those advisors are beholden to The platform approving one or more of These ETFs through their own due Diligence process so if you think of Like the SEC approving an ETF is getting Over one hump there is another hump or Actually a series of smaller um Passageways that the ETFs have to go Through before most of the wealth in the US market can buy it and we're probably A few weeks away from the first of those Major wirehouses approving it um maybe Maybe a week away and uh within a few Months they'll all be able to appr so You should think of the flows we're Seeing into these ETFs as like the Spigot turned on 20% there's another 80%
To go and that process is going to take Place for a while and just just on the Sustainability I mean there's been a lot Of flows it's $50 billion or something Uh total AUM in these but Global wealth Management is a you know hundred Trillion Doll Market um and most of that Is short Bitcoin at this point because They have no exposure so I think these Could be hundreds of billions of dollars Uh in a couple years and I think it will Take multiple years before they Peak Yeah interesting stuff now I this is Worth reminding Everybody Patrick McKenry this is one Thing I hate folks when these Politicians they try to symbolically Make it look like they're doing Something with words but they don't Follow through with the actions that They could take and Patrick McKenry is One of those guys This is Patrick McKenry watch this down Here he's he's he's criticizing Gary Gensler and all that but this guy has Not subpoenaed Gary Gensler and he Threatened to do it and it's all Emptiness listen to this ether is one of The um most popular digital assets and Powers of ethereum Blockchain uh back in 2018 then SEC Corporation Finance Director Bill Henman Henman uh stated That he believed ether was not a
Security um last month cftc chair uh Benham expressed his view that ether is A Commodity uh the State Attorney General Of New York asserted in a court filing Last month that ether is a security Clearly an asset cannot be both a Commodity and a security do you Agree um I I it actually all Securities Are commodity under the commodity and Exchange act it's that we are excl Excluded Commodities but I would agree That a security cannot be also an Excluded commodity and an included Commodity I'm sorry chair just to talk About the commodity exchange act more Precisely okay so do you recognize uh How would you categorize e then look I Think that the general sweep of what Congress did not just in the 30s but as Amended I'm asking sitting your chair Now to make an assessment under the laws As exist is ether a commod Or a Security without speaking to anyone I Know you repeatedly said you're not Going to speak to one except you've Spoken to one Bitcoin so I'm asking you To speak to a second one the L second Largest market cap here and speaking to The tokens there's 10 to 12,000 if There's a group of entrepreneurs in the Ask public is anticipating a profit Based on the I'm asking you a specific
Question cheer guinsler I said this in Private this should be no shock to you I'm asking this question is it an e is Ether a commodity or a security and Again it depends on the facts in the law And if there's a group of IND I'm asking You about the facts and the law sitting In your seat and the Judgment you are Making and so uh Mr chair I think you You would not want me to prejudge Because I'm also but you have prejudged On this you've taken you've taken 50 Enforcement actions we're finding out as We go as you file suit as people get Wells notices on what is the security in Your view and your agency's view I'm Asking you a very simple question about The second largest digital asset what is Your view and my view is as if there's a Group of individuals in the mid middle That the public is so let me just ask a Second question do you think it serves The market for an object to be to be Viewed by the Commodities regulator as a Commodity and the Security's regulator To be viewed as a security do you think That provides uh safety and soundness For for for the product do you think it Provides consumer protection do you see Do you think think it serves the value Of innovation I think no should be a Very simple answer for you here I think That uncertainty is bad is it not and I Think that Congress has said that
There's one agency the Securities and Exchange Commission under this commit And you won't answer my question and You're the head of that agency so give Me a break come on I'm answering it in The generic because you would not want Me to speak about anyone set of facts And Circumstance okay so but you've Already spoken have you said anything About Bitcoin uh the the my predecessors and The agency itself has spoken to them Okay but you're not willing to do the Same about ether I okay so let me just Step back there's a lack of clarity here In the marketplace can you at least Agree to that I think that the clarity Is there the law is clear that there's a Group let me be explicit about this the Market doesn't see it your regulatory Actions and the cftc's regulatory Actions say that there's a great deal of Uncertainty here it is the intention of This committee to fix that uncertainty And actually uh Provide then he later told Gary Gensler That he would subpoena him if if Gary Did not uh cooperate he never did and Patrick McKenry never subpoenaed Anything now you got to see this this is The guy from Wolf of Wall Street the Movie Wolf of Wall Street which is great If you haven't seen it um he he is Talking about what the alarm that would
Be sounds the alarm on the downfall of The US dollars a world Reserve currency Listen to what he says had to pick 15 Digital assets on all out of all the Thousands of of Cryptocurrencies on coin market cap Which 15 would you choose well n dp.com I'm going to talk About I'll narrow it down to the 15 I Would choose or at least close to the 15 I would choose and here and why and I'm Going to show you kind of what my Thought pattern is on This um because I think that there Brad Brad not comms but garlinghouse has said This before um referenced that he Thought there would be a handful or like You know um scores of them are around 20 Something like that that that are that Survive and are Allowed as to be to live and and make no Mistake no matter what you hear about Decentralization if the government wants To shut down a cryptocurrency and make It where nobody would want to own it They can and will so we're going to talk About what would those 15 be and Why I'm the digital asset investor I'm Not and we're going to talk about Dr Evil I'm going to show you a really Creepy little clip from Dr Evil I'm the Digital asset investor I'm not an Investment advisor this is for Entertainment purposes only Please
Subscribe hit the like button And ask your friends and family what Would their 15 Be all right here [Music] [Music] We [Music]
