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Hello this is Matt on the moon Lambo Channel people have been speculating About the idea of xrp taking the number One spot in market cap taking that away From Bitcoin since before I jumped into Crypto in 2017 you know so who has been Speculating about such well normal People who firmly believe that utility And Real World Adoption are of the Utmost Importance you know with xrp being Capable of solving more problems than Bitcoin it's no wonder that smart people Around the planet have been engaging in Thoughtful conversation on this topic And I don't pretend to know if this will Ever happen but it's not unreasonable to Wonder if perhaps Bitcoin won't be Number one in market cap forever and uh If you've been thinking this yourself You're not crazy for Wondering and so could there be an xrp Stampede to number one well lots of People are very confident that's exactly What's going to happen and you know the Cool thing is even if xrp doesn't become Number one in market cap it's still Going to make a lot of people filthy Freaking rich I think 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 enjoy making YouTube Videos about crypto related top ICS but Just as a hobby and just for fun take a Look at this quote from Yoshi taka kataa This is from 2019 so it's an old one at This point but uh he's the uh CEO of SBI Holdings Inc uh very key partner with Ripple of course Very Pro xrp and he Said quote xrp will probably become the Number one crypto asset we are aiming to Make that happen and again folks that Doesn't mean for sure that's going to Happen but it is not crazy to suppose That cryp a cryptocurrency like xrp that Actually does stuff might end up having A greater market price because it offers A greater value than Bitcoin just saying That might happen here's a post and this Is from just last night from my fellow Xrp YouTuber crypto Eddie sherro I've Had this article in my back pocket for More than four years SBI CEO Representing the largest outside Shareholder of Ripple was inter reviewed February 2019 he stated he thought xrp would Become the number one crypto asset among All and they were moving towards that Goal with the new found legal Clarity This goal is more possible than ever Note yes SBI does utilize the digital Asset xrp in a variety of ways including
As a bridge currency they also Embrace Erc20 tokens with their R3 Japan joint Venture but what stands out for me is SBI mines Bitcoin up to 3% of all Bitcoin globally so this was a powerful Statement yeah see it's extra powerful Not because not well not just because It's a big name and these are Intelligent people incredibly wealthy People they're not maximalists they're They're promoting Bitcoin they're mining Bitcoin up to 3% of it all globally and Here you have the CEO Yoshi takaa Despite all that saying yeah but xrp Number one xrp goes to number one he's Talking in terms of Market Yes so I don't know for sure if that's Going to happen but I'm just I'm just Saying it's it is plausible and I think That xrp supremely undervalued I mean That should go without saying at this Point right xrp has been artificially Suppressed for years and it's just Finally we're seeing the beginning Phases of xrp jumping up higher uh and It is jumping up higher in a way that it Wouldn't if it didn't have legal Clearity like I I do believe today that If we didn't have xrp Victory Day on on July 13th I believe that xrp would be a Lot lower in price today than it than uh It actually is so with that legal Clarity and all the rest you better Believe
It um and so then take a look at this This is a post from Kevin cage that just Kind of resonated with me my fellow xrp YouTuber he said if I listen to all the Guys that told me to give up on crypto In the 2018 2020 bare Market I wouldn't Have done so well in 2020 and 2021 I'm not listening to those people With the same pessimistic Outlook during This bare Market either I'll be here for The future Cycles accumulating strong Projects at lows has always worked out When you zoom out and so folks you just Got to kind of ask because I I resonate With that what's what are the strong Projects and he's obviously Pro xrps you Know my fellow xrp YouTuber here but yes That's exactly right I think we're going To fast forward there's going to be an Endless Sea of people wishing that they Were aware that xrp existed in 2023 and here we are we're just we're a Fortunate few who are in the right place At the right time to find out about Crypto and specifically find out about Xrp and it peaked our interest and here We are and we're seizing the opportunity It's a rare opportunity and we found it And we're such we're such a small Percentage of humans on this planet that Are aware of this but Man that's why there's this opportunity There we're here before everybody else Before the the massive truly massive
Quantities of money have flowed in but We're also at this sweet spot because Xrp actually does have enough of a track Record and enough enough adoption where It's it's we're not just wondering from One month to the next okay but is it Going to persist is it going to be here In a year we don't have to worry about That month-to Monon like people would Have had to worry about say a decade ago When it was brand New um I also wanted to highlight this Here's the headline from the crypto Basic Deon hail's xrp pump as r of legal Utility but debunks misattributed $10,000 xrp price Prediction the renowned Pro xrp Attorney John Deon has refuted a claim that he Predicted xrp would reach $10,000 and Eventually attain ethereum valuation This clarification follows his remark on Xrp's recent parabolic rise that saw Break into one of its highest levels in The last four months and so um I don't Really need to read the rest of the Article let's just get to the the part That most needs to be highlighted here There's an xrp Community member who Wrote what am I missing here xrp is Pumping and no one knows why and he's Got the little uh face emoji with the Two hearts's eyes and you know I'll I'll Just take my opinion for what it's worth Which is maybe less than a penny but
I'll give you my I can't say two cents Because it's worth less than a penny but My perspective is that xrp has been Moving up in price because Speculator Speculate and because Bitcoin leads the Way directional I don't think it's Because of the news not that people Don't in some sense respond to what has Happened but I'm just saying if you're Asking what's the the the driving force Here well it's Bitcoin that that's what Was missing in July when we had xrp Victory Day yeah it shot up you know About 100% in just several hours but Then it came back down didn't it Unfortunately and what was missing was You know a positive environment in Crypto in general Bitcoin was trending Down for months after that so I do think It's really more broadly just xrp Following Bitcoin but yes of course I'm Not going to Pretend like the rest of the attributes Xrp have in util I'm not saying that Doesn't matter I'm saying the driving Force here is is you know just a Positive macro environment and so John Deon had a good line here though he Reposted that and John Deon said I call It the rise of legal utility which I I Think is a rather apt way of putting it Because even though it's just just my Opinion now it's it's broadly just xrp Follows Bitcoin well xrp followed
Bitcoin in 20 20 21 but it didn't hit a New alltime high did it that's because Xrp was under attack so that that's why I love what attorney Deon said here so Even though it's still macro yes it is You need that legal Clarity also Otherwise xrp continues to correlate but You're not going to get the big swings We need to achieve life-changing wealth But now xrp does have that legal Clarity So when John Deon writes I call it the Rise of legal utility I say yep that is 100% spot on but somebody else quoted Him in a way that he didn't like Somebody named crypto wrote attorney I'm Sorry according to John Deon the rise of Xrp right now is the rise of legal Utility there is no doubt once the it Get the settlement that's a broken Sentence uh xrp will double its market Cap soon will overcome eth market cap And attorney Deon wanted to clarify There he reposted that and said I never Said all of this I said today's pump was Called the rise of legal utility for the Record I've never said any of the rest I've certainly never set or implied xrp Was going to the numbers below yeah and And so um I just thought I'd share that Because it's first of all even even Without that clarification it's just Interesting I like the the the phrase That you know the legal Utility phrase that he used there um I
Hope that picks up because it didn't Make sense like that's a major factor Here uh but I also wanted to share with You the clarification there but even so I won't be surprised I'm just speaking For myself here of course I will not be Surprised to see xrp going neck to neck With ethereum in terms of that number Two spot I will not be surprised because Historically we've seen that during Times of euphoria uh you know there There have been times in the past it's Been a long time but xrp has been Numbered two in Market capab at least Three separate occasions I can think of So to think that that can never happen Again I think that's crazy I understand How far off it is in terms of market cap To eth now but that's because it went Through years of suppression and all the People that would have been in xrp that Aren't now I mean they're just not here And so you got to pick up new people now That there is the legal Clarity but it's I mean it'll all work itself out over Time it's just there's some catchup that Needs to be done that's all that I'm Saying there I'm not a financial adviser You should not buy or sell anything Because if anything I say or right that Would be a very very very bad idea until Next time to the Moon Lambo