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Hello this is Matt on the moon Lambo Channel although it's true that I'm Never going to jump into the price Prediction game I have a very strong Feeling that those of you who are Holding xrp at the time that I'm Recording this in 2023 wrapping up the Year here I think that a lot of you Listening right now holding xrp are About to achieve life-changing wealth That would be my guess because I think Xrp is going to go on an absolute tear Here and this entire asset class is Going to absolutely balloon so you can Look at a couple different ways we could Talk about uh more so in the relatively Short term like what's going to be Happening throughout 2024 and it's clear Based on a poll that I shared the other Day that most people in the xrp Community it seems uh do believe that Xrp is going to be hitting a new All-time high in 2024 and that's totally Plausible I don't know if it's going to Happen but that sounds totally plausible Bitcoin's on a tear uh things are Probably on the whole going to get way Way way better in terms of price action Even though there's going to be some Very scary pullbacks along the way Because that's just historically how It's been you'll have 20% pullbacks There 30% pullback so on and so forth But even so there's going to be that
Opportunity and then if you zoom out a Little bit further the I know like Whatever you think is reasonable for Excorp this Market cycle whether you're Saying it's eight bucks or 10 bucks or 12 bucks or 15 bucks 20 bucks 25 Whatever it is uh the bigger numbers Seem a lot more plausible if you just Zoom out a little bit further not that We're going to have to do this but I'm I'm I'm saying this to make a point Because like even if you're talking About Bitcoin I'm going to show you this Article too I'll share the headlines From the daily hle uh Bitcoin could hit $1 million a coin by 2029 says chamber of digital Commerce CEO here's why and they're talking about Perryan boring this is a reputable Individual within the crypto space and I Don't know if she's right or wrong but That actually does not sound wacky and So just just think about that though if This is going to happen how much bigger Is the rest of the the asset class going To be what's that going to mean for xrp Cuz clearly like xrp already made I I Just it's hard to Envision a world where Xrp is isn't a substantial force to be Reckoned with and so you can take a look That's a little outside of 2024 what's It going to look like then and so that's Why I just wanted to say at the outside Of the video here for those of you that
Are holding xrp right now at the end of 2023 you are not late even if you just Jumped in you are super early to the Party that you know the host isn't ready For you it's it's so rude of you to show Up this early you should know better but But there's this opportunity and so There is um a very popular analyst in The xrp community and there's an article Written about some of the stuff that he Said on the crypto basic here's the Headline top analyst sets xrp short-term Targets explains why $10 is Achievable and um he basically said it Towards the end of any I'll show you Exactly what his words were but you know Those of you holding xrp right now you Might achieve legendary status and I got To admit that sounds very plausible you Know I can certainly certainly agree With that that that Sentiment um but uh let's let's start With this one and then I'll jump into The xrp specific stuff because it just Just trying to drive home the point Because again this doesn't sound wacky $1 million $1 million per Bitcoin um I Mean that's what like a little over A1 19 trillion dollar market cap with the Considering this the current circulating Supply and that's six years away I mean Look if bitcoin's truly going to have Staining power and it very well may the Idea of it eventually getting to that
Level is plausible for me it's more like A question of what the timeline that Look like but but yeah you're talking About twice the market cap of gold but I Mean it's a cryptocurrency you can do More with it I know right now it's Primarily just being speculated on and Used as a store of value but you can use Layer to technology to use it for other Stuff like The xrp Ledger is being used Uh even though it's a layer one Technology as though it's a lay two Technology with spend the bits so you Can you actually can today uh spend your Bitcoin on everyday purchases using the Lightning fast speed of uh of The xrp Ledger which requires xrp usage by the Way so Um more can happen right uh so none of This sounds crazy and we nobody knows For sure but that's why this is exciting You are so ear you're talking about Bitcoin which has the most money in it Right so it'll be hard to get it to Double triple quadruple so on and so Forth you know it's over a little over $40,000 at the time I'm recording this But to know that it is plausible that it Could hit a million dollars it's it's Stunning but it is true like it could Happen I'm not making a prediction but It's not crazy what does that then mean For xrp which has way less money in it Cuz you know the market cap for xrp 33.9
Billion market cap for Bitcoin 828 Billion like xrp this is why I was Saying at the outside of the video like This is going to change so many people's Lives and you know not everybody's going To make it and people panic sell they Get emotional this and that but the real Opportunity is there like it's actually There so let me share with you some of This article and then we're going to Jump to the xrp specific stuff Uh the chief executive of the Chamber of Digital Commerce says that Bitcoin could Hit a seven figure price tag by 2029 if adoption continues at the Current rate in a new interview on CNBC Television perryan boring the crypto Advocacy group's founder and CEO says That bitcoin's fair value price is Likely already somewhere between $100,000 and $210,000 per token According to boring a combination of Mass adoption in limited Supply will Greatly boost the top crypto asset by Market caps price during the next five Years and let me by the way pause to Note this perryan boring who founded the Chamber of digital Commerce uh her Organization actually did write an Amicus brief in the secv Ripple case Which was helpful it was it was Absolutely I wish they would have been Talking out a bit sooner but they Absolutely did so like this is somebody
Who's fighting for a broader crypto Space this is not a Bitcoin maximalist Here and and so fine if Bitcoin Continues to lead the markets and it's Number one in market cap forever I don't Care like I just I don't give a damn I I Hold Bitcoin I'm Pro Bitcoin I'm way More excited about xrp obviously but hey All good you know Rising tide lifts all Boats you know that thing but here's a Quote from Perry and boring we use Valuation models to try to understand What the value of Bitcoin is today we All know what the price is but the real Question that we need to understand that Investors need to understand is what is The value we use four different Valuation models Today it has the price of Bitcoin Currently valued at $100,000 to $210,000 Per Bitcoin we also apply an s-curve Analysis to look at the long-term Adoption of Bitcoin currently about 40% Of us households have already allocated And own some form of cryptocurrency Today we are on track for 90% adoption By 2029 once we hit that 90% adoption Prices could go as high as 1 $1 million A coin because again Bitcoin has that Limited Supply which is a key feature of This technology end quote yeah and so I Buy into the concept because here's the Deal and I think this is true of xrp to
This is my personal opinion it's it's a Binary bet as to whether or not Bitcoin Or xrp um is is is going to make it so Which means either it's going to be Worth each individually I believe this True both either both are going to be Worth an absolute fortune in the future Compared to where they are now or They're going to Z I don't think there's This you know world where you know the Price of Bitcoin or xrp just kind of Flutters around where it is now in Perpetuity I just I don't that doesn't Seem plausible that doesn't make any Damn sense and that's not that's not What's happening obviously so that's Good but it's either enough time passes Worth way more or goes to zero what's Plausible like what's most reasonable to Suppose at least well you know me I'm Thinking to the upside definitely Thinking to the upside because we see Real world adoption and I do think that Eventually In a more mature Market the utility is Going to matter more and we have seen That over time if you look at how people Behaved in the 20121 bull market versus 2017 markedly different unquestionably Different which is great that's what you Want to see as time passes you know Because in 2017 everything under the sun Ring I mean it I think it was literally Something like nine out of 10 coins in
2021 not so much I mean okay so yes the The entire AET class moved in tanem so Pretty much everything moved up but not Everything hit a new alltime high not Everything went ridiculously parabolic In 2021 so now years have passed and we're Going to be to whatever degree a little Bit more mature as an AET class so but That's see that's why it's exciting to Hold xrp because I see that these these Metrics which I think will increasingly Matter to people and are provably they Are look at the the the behavior of Shifting that's going to M that's what's Going to drive price for xrp it's going The right direction and yes we can talk About uh increasing that because we'd Love to see more developer activity you Know but I'm not surprised that it is Where it is I understand other chains Have more developers but they also have Smart contract functionality and and xrp Doesn't currently but you can always Have side change side chains um you can Also you know maybe that hooks Amendment Gets past then you do have layer one Smart contract functionality but even Outside of that there's still a place For a coin that's just really good for Payments and xrp filling that role Perfectly it has achieved escape Velocity I just I don't see that Changing
You know despite I know some people are Kind of pissed off about the price Action right now I'm not I'm thrilled It's almost twice what it was at the Beginning of the year and not everything Pops off at the same time so I just Don't care anyway but look if bit again If bitcoin's going to hit this type of Price level which it may what does that Mean for xrp that's why the fact that You guys are here in 2023 yes legendary Status uh seems like that's on the table Which brings us to this article from the Crypto basic top analyst sets xrp Short-term targets explains why $10 is Achievable and they cover perspective From chart analyst egreg Krypto and I Want to share with you what he has to Say and just add some of my own Additional thoughts to this uh but he he Wrote The Following xrp short-term Targets Aiming High exceeding these Targets would fuel incredible bullish Momentum 65 cents 67 cents 70 cents my Determination for xrp to hit $1 goes Way Beyond a simple goal a it's about laying The groundw for a rock solid foundation Ensuring it stands tall above $1 Indefinitely B achieving $10 and much Higher numbers is mathematically easier Let me explain understanding the Relationship between percentages and Math is key here picture this achieving A 1,000% increase or leaping 10x from $1
To $10 holds a similar mathematical Weight as reaching 10 cents from $1 it's It has the same mathematical challenges Faced in moving from 10 cents to $1 the Complexities of percentage moves below $11 resonate with those from $1 to $100 And then he provides an example here Right a move from 30 cents to 60 cents Shows a 2X increase just like jumping From $10 to $20 despite differing Numbers they share equivalent percentage Move so as xrp moves from $3 to $6 it's A kid to a leap from 30 to 60 this Correlation highlights immense potential Ahead here's the Crux $10 $20 $27 and Beyond to the thousands is Mathematically Achievable my belief Stands Strong those Grabbing xrp below $1 today might just Ascend to Legendary status in the future Okay so I definitely appreciate the Exuberance and the positive attitude Here and I don't think that some of this Is crazy but I will say in terms of Getting the multiplier effect um I have A different persp perspective because as More as uh as you start talking about Doubling the price if you're already at A higher level like say xrps at $10 as Opposed to where it is today a little Over 60 cents it's way harder to get it To double once it's at 10 bucks or 20 Bucks because there's way more money in It um so I don't quite share that
Perspective but the the reason I wanted To highlight this anyway and thoughtful Mins can disagree so nothing against EG Crypto I you know appreciate them um you Know I'm not going to agree with Everything that everybody says but part Of the reason I wanted to highlight this Anyway It's it's Because we are so damn early it's not Going to matter that much the Opportunity for life-changing wealth is Still there whether you got xrp at half A penny which some people listening even Now did um not not that many aun is way Bigger now obviously um or if you're Purchasing it you know where it is now a Little over 60 cents or if you if you Buy it around a buck whatever it is I'm Just trying to make the point that it's Super early And again that's why I'm saying like if If Bitcoin goes to a million dollars What do you think that means for Xrp and so xrp at 10 bucks 20 bucks 50 Bucks like 100 bucks like that that Stuff doesn't sound crazy to me you know Uh start to get a little soon as you get To four digits I got a little bit of a Question mark we can talk about that I'm Not going to get into in this video um You you definitely lose me at the tens Of thousands that's just stupid it's Never going to happen if you're talking
In terms of the purchasing power of the Dollar today no like that's no it's not Happening um but uh you know you're Talking 50 bucks 100 bucks those that Could happen although you know the Higher the higher the target I still Think the further you got to look out in Order to achieve this like I I don't Believe there's like a chance at all That we're going to be seeing Three-digit xrp this Market cycle I just Think that's absurd would love to be Proven wrong don't believe for a second It's going to happen this particular Market cycle but again if you're talking Bitcoin with a market cap of $19 Trillion why couldn't why couldn't xrp Have a multi- trillion dollar market cap That's totally plausible if it's going To stay in the top 10 forever it's going To have to if it's going to stay in the Top 10 and it always has been in the top 10 at this point in time but it's it's Got a market cap of$ 33.9 billion that's So small you might as well round down to Zero that's and that's not a Slam Against xrp I'm saying that to highlight The incredible opportunity right in Front of us because if everybody already Agreed that xrp was a cryptocurrency That deserves a year for the Long Haul Well then the price would be way higher And the opportunity wouldn't exist it'd Be too late we are here early
Though and this AET class is going to be Absolutely gigant it's tiny still think About this it's 1.67 trillion doll Market cap that is Tiny that is a tiny Ass market Cap and we get people bitching about Short-term price action Rex RP oh it's Not even a Dollar it's silly it's just Silly so yeah in terms of uh you know Xrp you know the the multiplier practice In terms of doubling like yeah it it is Harder the you know the higher the price Gets but it still doesn't Matter I mean once xrp is five bucks Don't you think it's ever going to Double don't you think it's going to Quadruple like if you let enough time Pass anyway don't you think that's That's reasonable go up 10 bucks from There like that doesn't sound crazy if You let a time pass it's just harder the High you know the more money is the more Money it's in there and that's that's Why volatility ultimately decreases over Time so anyway I just want to share some Thoughts it's exciting we're going into 2024 lots lots to look forward to in 2024 uh I don't know about you but I Think it's going to be a blasty Blast I'm not a financial advisor 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
