Speaker 1: Welcome back to another episode of the XRP Pod.
Speaker 2: Today is going to be fun because I've got Camila
Speaker 2: joining me and you have seen her out there on
Speaker 2: YouTube talking about XRP.
Speaker 1: Camilla, welcome to the show.
Speaker 3: Thank you, Thank you so much for having me well respected.
Speaker 3: You're one of the reasons why I keep up with
Speaker 3: what's happening. You know, with cryptocurrency XRP, you put a
Speaker 3: lot of content out and I just keep up with it,
Speaker 3: and so I appreciate all that you're doing for the
Speaker 3: cryptocurrency space and the XRP space and the community.
Speaker 2: Well, you know, we covered tech for many years in
Speaker 2: growing the channels in the podcast. Originally we launched with
Speaker 2: mostly robotics, AI, autonomy, and crypto. There were four cornerstones
Speaker 2: of our content, and I guess it was around twenty
Speaker 2: nineteen twenty twenty when crypto really became, at least for
Speaker 2: me and our research team, became a passion for just interest.
Speaker 1: And the reason that I tell everyone.
Speaker 2: Is because it has the opportunity to help so many people.
Speaker 4: YEA.
Speaker 2: You know, if you invest in a robotics company or
Speaker 2: you know, an AI company, you may not see and
Speaker 2: most of the time you can't even get into a
Speaker 2: stock because the stock price is too high. You didn't
Speaker 2: have token I security, so it was always a barrier
Speaker 2: to entry. So that was one of the reasons I
Speaker 2: felt like crypto was just.
Speaker 1: A good a good fit. So tell us a little
Speaker 1: bit about what you do.
Speaker 2: Primarily, I've had a chance to watch several of your
Speaker 2: episodes I follow you. You really get into kind of
Speaker 2: the thesis of investing more so than what to invest in,
Speaker 2: but the kind of the mindset of investing.
Speaker 1: Talk to me a little bit about that.
Speaker 3: Yeah, So so my approach is a little different. I
Speaker 3: honestly don't think that people their biggest issue is, you know,
Speaker 3: oh what asset you know, should I get into? What
Speaker 3: investment should I get into? I don't think they need
Speaker 3: to be super brilliant about that. And as you stated,
Speaker 3: just switching over into you know, the area of cryptocurrency,
Speaker 3: there's a great opportunity there.
Speaker 4: But I think the problem.
Speaker 3: That people have even about you know, what people get
Speaker 3: wrong about change because obviously there needs to be evolution
Speaker 3: if people are going to finally, you know, find themselves
Speaker 3: into financial freedom. So one of my approaches is that
Speaker 3: the human behavior we like to kind of jump over mountains.
Speaker 4: A lot of people like.
Speaker 3: To gamble, they like to have quick wins, no doubt,
Speaker 3: but most people.
Speaker 4: Are not just going to transform overnight. You know.
Speaker 3: When that happened when people try to take those big leaps,
Speaker 3: you know, with gambling and trying to go all in
Speaker 3: or you know, it's either all or none. What happens
Speaker 3: is that I understand how the brain works, and their
Speaker 3: brain starts to panic, you know, because to the brain,
Speaker 3: a massive sudden leap registers as threat to them, and
Speaker 3: a threatned brain starts to freeze. And this is what
Speaker 3: you see when people are in the market. So nothing happens,
Speaker 3: and then they often blame. They go over to blaming,
Speaker 3: oh I need willpower in order to do this, when
Speaker 3: really it's just the brain doing exactly what it's wired
Speaker 3: to do. The brain responds very beautifully to very small steps,
Speaker 3: so that is permitted.
Speaker 4: Yeah, definitely.
Speaker 1: Yeah.
Speaker 4: The brain is not fixed too.
Speaker 3: It's changing all the time, which means your habits and
Speaker 3: your decisions can change, even if you are making decisions
Speaker 3: about the market, what to buy, how to investor, or whatever.
Speaker 4: But when you take small steps to.
Speaker 3: A goal, the brain releases what you call dopamine, which
Speaker 3: is the chemistry of motivation and reward, and that hit
Speaker 3: is the brain saying that felt good, let me do
Speaker 3: it again. And that's how people win the game is
Speaker 3: these small steps, and that's the approach that I take.
Speaker 2: Well, a lot of I know, a lot of crypto
Speaker 2: traders kind of come from the gaming community. We've seen
Speaker 2: a big part of that transition. And obviously in the
Speaker 2: gaming community you get a lot of that very issue,
Speaker 2: which is you know, they're in it for the hunt.
Speaker 1: The dopamine has come in.
Speaker 2: You know it's the next it's the next attack or
Speaker 2: challenge in the game itself. And you apply that to trading,
Speaker 2: and it's different because you no longer are really in
Speaker 2: control of the markets.
Speaker 1: The markets are kind of in control of you.
Speaker 2: What you're trying to do is get behind whether it's
Speaker 2: a particular asset or a thesis, because some people might say, hey,
Speaker 2: it's it's just going to be the top ten digital assets,
Speaker 2: or I'm going to get into gold and silver, I'm
Speaker 2: going to get into ETFs, whatever that thesis is for
Speaker 2: you guys. I think the key there is being having
Speaker 2: a conviction around it and over time and that only
Speaker 2: comes with education, which you have to give yourself. And
Speaker 2: then it also comes I think with a little bit
Speaker 2: of tolerance in the market, just like right now what
Speaker 2: we're dealing with. I mean, here we are trading like
Speaker 2: crazy in terms of volatility, and do you find people
Speaker 2: making these common mistakes that are brand new to crypto
Speaker 2: and then just completely abandoning the idea of crypto?
Speaker 4: Oh?
Speaker 3: Absolutely, And I think if we have another leg down,
Speaker 3: if something happened to it, that's it. Most most people
Speaker 3: are going to get out and seriously, and the reason
Speaker 3: why is because the only people who are going to
Speaker 3: be left standing are the people who have conviction. And
Speaker 3: conviction what people don't understand about convictions, it's emotional. It's
Speaker 3: an emotional it's a skill, you know, to build conviction.
Speaker 3: And this is something that most investors do not understand
Speaker 3: about themselves. Every single financial decision is an emotional decision.
Speaker 4: People believe that they're being.
Speaker 3: Purely logical when it comes to the market or trading
Speaker 3: or investing, but the logical part of the brain mostly
Speaker 3: shows up after the fact to justify the emotional decision
Speaker 3: that you've already made. Right, So, the real discovery, because
Speaker 3: like you mentioned it and that's something very solid.
Speaker 4: You have to build conviction in order to last.
Speaker 3: The real discovery is which emotion are you experiencing when
Speaker 3: you make those decisions? Right A decision that's made from calm, peace, patience,
Speaker 3: clarity that you're gonna make a brilliant decision, but that
Speaker 3: exact same move in the exact same market from anxiety,
Speaker 3: which people are experiencing right now. With the volatility, it
Speaker 3: brings anxiety and fear and resentment. Even because here's your
Speaker 3: portfolio going down. You're mad because somebody told you to
Speaker 3: get an XRP or cryptocurrency, and now the market has
Speaker 3: gone down.
Speaker 4: That becomes such a disaster for most people.
Speaker 3: And that's why I tell people mindset is not the
Speaker 3: soft part of investing. It is the foundation of all
Speaker 3: of it. If I can help somebody regulate their state
Speaker 3: first and get them genuinely calm and grounded and develop conviction,
Speaker 3: then the decisions that they make from that place are
Speaker 3: going to be dramatically better with the same information and
Speaker 3: the same market in front of them. So it's not
Speaker 3: the market that's going to determine, you know, whether someone
Speaker 3: succeed or not. It really is the state of your
Speaker 3: emotions and building on that conviction, and that's an emotional
Speaker 3: process and a lot of people in it.
Speaker 2: That is something that I think a lot of people
Speaker 2: I get a lot of comments on it, you know,
Speaker 2: because we're a very pragmatic approach toward investing. We don't
Speaker 2: look at the hype of where crypto is going. Sure,
Speaker 2: we look at some of the projects out there that
Speaker 2: are you know, absolutely going insane, and then we also
Speaker 2: look at the projects to who have challenges that we
Speaker 2: often question. And I think one of the things that
Speaker 2: I know, for me, you know, just practicing a little
Speaker 2: bit more of stoicism is one of the good things.
Speaker 2: I also do a lot of meditation, which calms my
Speaker 2: mental state anytime when I'm looking at these charts, especially
Speaker 2: when you look at the charts that looks like it's
Speaker 2: some kind of red sea, you know, with every in
Speaker 2: the red when it comes to digital assets. But do
Speaker 2: you think that a person getting into investing that they
Speaker 2: need to get their mind right one hundred percent of
Speaker 2: the way before they take that step or is it
Speaker 2: a process that they go through but still being able
Speaker 2: to achieve a little bit of investing, you know, because
Speaker 2: I think also practice helps a lot, don't you think.
Speaker 3: Yeah, I mean you can't. You got to take action
Speaker 3: because also action, even if you're.
Speaker 4: Afraid, you got to do it.
Speaker 3: Afraid action something that is also going to wire you.
Speaker 3: You're telling yourself to take action even if you feel
Speaker 3: afraid or even if you feel levels of anxiety.
Speaker 4: So you have to do that.
Speaker 3: But in addition to that, and I think that's the part,
Speaker 3: that's the supplemental part that people miss out on, is
Speaker 3: they they're completely invested in, you know, the action parts.
Speaker 3: They're completely invested in making the moves. And it's the
Speaker 3: same and it's the same thing with well preservation. A
Speaker 3: lot of people will make money, a lot of people
Speaker 3: will make moves they can they can they can gain
Speaker 3: an ROI, but at the same time, they're still not
Speaker 3: elevating And when I say mine, I also equate it
Speaker 3: to their identity. They're not aligning their identity to become
Speaker 3: the type of person who can now manage and steward
Speaker 3: and and sustain whatever it is that's being handed over
Speaker 3: to them.
Speaker 4: So that does become the bottleneck.
Speaker 3: Eventually, you do have to take action even if you're afraid,
Speaker 3: but the bottleneck of being able to have wealth preservation
Speaker 3: and sustainability in this entire process, or you know not,
Speaker 3: you know, as people are going to do this next
Speaker 3: leg down, which is sell everything.
Speaker 4: And blow it.
Speaker 3: You got a good position, but now you're about to
Speaker 3: blow it because you have not gone through the journey
Speaker 3: of becoming the type of person who can handle, you know,
Speaker 3: what's being given to you. You know, and and again
Speaker 3: the market is volatile, is gonna you know, you almost
Speaker 3: gotta you almost got to use psychology on yourself and
Speaker 3: put up guardrails on yourself.
Speaker 4: You know.
Speaker 3: I'm so happy that I started off with real estate
Speaker 3: and angel investing and things that I couldn't get a
Speaker 3: quick win on, you know, being able to wire my
Speaker 3: brain to invest in a certain kind of way. And
Speaker 3: I'm almost like a robot when it comes to the
Speaker 3: stock market in cryptocurrency. Any investment I make, I almost
Speaker 3: don't care if I lose it at all. It's just
Speaker 3: that's just how I'm wired. I'm just not an emotional
Speaker 3: person with stuff like that. Oh my god, everything went
Speaker 3: down first of all on long term, so I know
Speaker 3: whatever comes down is going to probably go back up
Speaker 3: at some point. And even if it didn't come back up,
Speaker 3: I've already wired myself to be okay with you.
Speaker 4: I just try not lose too much exactly.
Speaker 2: That's that's one good point too, because this is something
Speaker 2: that I talk a lot in some of our wealth seminars,
Speaker 2: is that if you are in any whether it's a
Speaker 2: digital asset or even in you know, these emerging stocks
Speaker 2: that are kind of bumping around the space industry or
Speaker 2: the AI sectors, chips, et cetera, that are you know,
Speaker 2: more of these lower cap options versus going after something
Speaker 2: like this week's AX launch in terms.
Speaker 1: Of an IPO.
Speaker 2: But that's my point is that a lot of times
Speaker 2: you get into investing strategies where people they just don't
Speaker 2: think through the concept of listen, as long as I
Speaker 2: have a conviction in the sense that this isn't going
Speaker 2: to zero, it may not go up, you know, a
Speaker 2: five X or a ten X, you know, a magnitude
Speaker 2: of order, but maybe I do get a twenty percent gain,
Speaker 2: which is outpacing. Of course, the biggest issue right now
Speaker 2: is dollar debasement. If you can outpace dollar debasement, you
Speaker 2: are essentially building wealth. And that's what I think a
Speaker 2: lot of people forget is they just want it so fast,
Speaker 2: so fast.
Speaker 4: You know.
Speaker 2: Yeah, listen, man, I tell everybody I'm I'm an overnight sensation.
Speaker 2: It took me fifteen years, fifteen years of working and
Speaker 2: grinding and working and grinding, buying companies, losing your tail
Speaker 2: on companies that didn't do is what you thought they
Speaker 2: would do, and then getting that you know, glimmer where
Speaker 2: you land on one because you believe that it's not
Speaker 2: going to zero. It may not do as great as
Speaker 2: what I think. It's really going to depend on where
Speaker 2: I exit as opposed to where I entered.
Speaker 1: Yeah, to make it or break it.
Speaker 2: So I think a lot of people are in that position.
Speaker 3: I I that's so funny you said that when you
Speaker 3: say like an overnight sensation, because a lot of people
Speaker 3: think that, you know, and that's honestly, that's how even
Speaker 3: wealth happens is it feels like it's overnight, but you
Speaker 3: don't see the back end behind closed doors, all the
Speaker 3: work that's been done, you know, investing that, you you know,
Speaker 3: the consistent little habits that's happened along the way, and
Speaker 3: then all of a sudden, yes, it appears a lot
Speaker 3: of people ask me where did you come up from?
Speaker 3: You came out of nowhere, I'm like, I literally have
Speaker 3: been on social media for fifteen years. I've been on
Speaker 3: since all the way back during periscope, and even the
Speaker 3: reason why I got into.
Speaker 2: Just so people know, periscope was a the original Twitter
Speaker 2: attempt at video, which you know was a terrible failure, right,
Speaker 2: but you know it did it did work for a
Speaker 2: little bit.
Speaker 1: You know, and then you had Vine, you had a
Speaker 1: bunch of the remember thold days of.
Speaker 4: My Space, my space long time ago.
Speaker 3: Yeah, I before I was doing this, I was I
Speaker 3: spent over fifteen years obviously, you know, in a health
Speaker 3: field with a background and understanding neuroscience and research and
Speaker 3: coaching a lot of people to help over and over again,
Speaker 3: I watched the same wall come up, and it was
Speaker 3: that the stress of that people were drowning in financial fear,
Speaker 3: right and so to the point where it was affecting
Speaker 3: their body cortisol levels, all of that constant like low
Speaker 3: grade panic about money, it shows up in the body.
Speaker 3: And honestly, that's why I started to switch into you know,
Speaker 3: helping with finances, because while I was building my business,
Speaker 3: I was just investing.
Speaker 4: I was just investing littleball, nothing big. But I realized,
Speaker 4: I mean this is a huge This This is affecting people's.
Speaker 3: Lives to the point where they're in like chronic financial stress,
Speaker 3: and it's literally one of the most powerful destroyers of
Speaker 3: human health. So if people can get this part of
Speaker 3: their life right, they could probably.
Speaker 4: I mean, it's the same thing.
Speaker 3: I just followed the root calls upstream, and the root
Speaker 3: cause was money all the time, most of the time
Speaker 3: over work, you know, stressed out about your job, you know,
Speaker 3: for one k now having peace about the future, the
Speaker 3: same thing over and over and so it's very valuable.
Speaker 3: We have the opportunity of a lifetime to get positioned
Speaker 3: and to you know, secure our future. And meanwhile, the
Speaker 3: only reason why most people aren't doing it is just
Speaker 3: because of emotional instability and a lack of emotional intelligence
Speaker 3: in the market.
Speaker 2: Yeah, well that the education will help them. But I
Speaker 2: think the action point that you're talking about is very important.
Speaker 1: Even if you're taking very small steps, those small steps.
Speaker 2: Can lead to very strategic moves, as long as you
Speaker 2: don't kind of bet the whole thing, you know, because
Speaker 2: I think a lot of people, you know, you start
Speaker 2: buying if you bought XRP for instance, back you know,
Speaker 2: eighteen months ago you were buying in the forty and
Speaker 2: fifty cent range. Yeah, and you're looking at it now saying, wow,
Speaker 2: I went up, you know, almost five x here Now
Speaker 2: I'm back rat back where I'm on a two x
Speaker 2: Should I sell?
Speaker 1: You know?
Speaker 2: So that's usually the first question that everybody will ask,
Speaker 2: should it is now the time to sell? And I'm like, well,
Speaker 2: if you're a short term investor in a long term play,
Speaker 2: then of course you are.
Speaker 1: This is you've made profit, you go away.
Speaker 2: But if you're a long term are you Warren Buffett
Speaker 2: looking at a long term position in this market because
Speaker 2: everybody's position is different. Everybody needs money at different times
Speaker 2: in their life, so I completely get that. But if
Speaker 2: your long term, and especially if you've just been doing
Speaker 2: dollar cost averaging where it's incremental, it's not a big
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Speaker 3: Yeah, I think when you talk about like, yes, step
Speaker 3: by step, you know, when you take the small steps,
Speaker 3: when you just a little little bout, little nothing big,
Speaker 3: the brain starts manufacturing like the energy and the drive
Speaker 3: to then take the next step. That's why you don't
Speaker 3: need to tell people to like do anything magical. All
Speaker 3: you need to do is get them started and their
Speaker 3: brain will send them down a path. You know, and
Speaker 3: if you think about a baby learning how to walk,
Speaker 3: nobody stands over a baby, demanding for them to sprint
Speaker 3: across the room.
Speaker 4: The baby sea something it loves. Usually the mother, you know.
Speaker 3: Takes a little wobbly step towards and the you know,
Speaker 3: you got the room that erupts in celebration. Of course,
Speaker 3: for that that celebration, that dopamine is what makes that
Speaker 3: baby reach for the next step.
Speaker 4: So I never tell people to run.
Speaker 3: I tell them to take one step towards a future
Speaker 3: that they can see, and then the next step is,
Speaker 3: of course to get around people who's going to celebrate
Speaker 3: that step?
Speaker 4: Right then?
Speaker 3: Just let the brain do what it was designed to do.
Speaker 3: Change is not about ever forcing yourself to do anything.
Speaker 3: And anybody who tries to force themselves into the market,
Speaker 3: that's when they get into gambling. It's really more about
Speaker 3: working with the brain, you know, to instead of against
Speaker 3: the brain.
Speaker 4: And so it's easier than what we make it out
Speaker 4: to be.
Speaker 3: But you know, most people can't Most people can't fathom
Speaker 3: something so simple good to be true.
Speaker 2: Exactly, you look at these market dips right now, I
Speaker 2: look at these. These are gifts to me. I just say,
Speaker 2: oh my god, this is when is the last time,
Speaker 2: When is the last time you saw sixty k bitcoin,
Speaker 2: maybe a fifty k. When's the last time you saw
Speaker 2: a dollar XRP you've got to go back aways. Yeah,
Speaker 2: and now you're starting to look at other assets including
Speaker 2: I think eventually we'll see the rotation out of the
Speaker 2: stock market, which is coming most likely. Then those traders
Speaker 2: which are not you know, diamond hands and WoT mentality,
Speaker 2: they are there to make a buck, they will rotate
Speaker 2: capital into risk and once they do, they're in the
Speaker 2: same position that we're dealing with right now with the
Speaker 2: ets where you've got you know, Bitcoin, ETF's outflowing, ethtf's
Speaker 2: out flowing, but yet at the same time you're setting
Speaker 2: on XRP ETFs that are holding the line. So that's
Speaker 2: the mentality of the traders that are involved in these
Speaker 2: Do you think we're at a state right now where
Speaker 2: XRP can bridge the retail side of things, because if
Speaker 2: you look at it, Salona ETFs, let me bring up
Speaker 2: a tweet real quick, because this is a good This
Speaker 2: is a good example of it because it gives you,
Speaker 2: guys a little bit of insight what's going on in
Speaker 2: the ETF phase right here. So you've got right now,
Speaker 2: salt of ETFs at three in fifteen year to date,
Speaker 2: XRP quietly holding a hold on strong with zero net outflows. Okay,
Speaker 2: so you have a situation where it's mostly been I
Speaker 2: would say, what has been retail that's focused on XRP
Speaker 2: and institutional that is focused on solana eth and bitcoin.
Speaker 2: When do you think we see a move from retail
Speaker 2: to possibly institutional int XRP.
Speaker 3: I mean, I do think you know that we're waiting
Speaker 3: on the Clarity Act. You know, there's a lot of
Speaker 3: institutions that are of course on the sidelines and there,
Speaker 3: and they're looking for those guardrails. However, you know, the
Speaker 3: way I look at XRP now is that it's all
Speaker 3: about the utility, you know, for me, like most I was,
Speaker 3: I think I did a I'm trying to remember what
Speaker 3: did he say, CEO from I Trust Capital, you know,
Speaker 3: was just talking about when I was asking him, what
Speaker 3: do you think about this? Does the Clarity Act? You know,
Speaker 3: because I try to get other people's ideas on this too.
Speaker 3: Does the Clarity Act do anything? Does it stop anything?
Speaker 3: Is it going to slow things down? You know? And
Speaker 3: one of the things he's said as somebody being inside
Speaker 3: of the institution because that's what I like to, you know,
Speaker 3: try to figure out.
Speaker 4: He said. Listen, the train has left the building.
Speaker 3: If you have not jumped in, if you have not
Speaker 3: jumped on, institutions are getting in. This is this is
Speaker 3: not about speculation anymore. Utility is taking over. I believe
Speaker 3: that we're leaving the era of pure speculation and we're
Speaker 3: entering into the area of the era of utility.
Speaker 4: A long time, this entire space ran on a bunch
Speaker 4: of hype.
Speaker 3: And hope or whatever the new shiny object was that week,
Speaker 3: you know, getting in and out, trying to make money.
Speaker 3: But what is going to drive the next chapter for institutions.
Speaker 3: For me, this is what I believe is real use
Speaker 3: of course, you know, real adoption, real assets actually moving
Speaker 3: across these rails.
Speaker 4: And when utility takes over, the projects.
Speaker 3: With genuine use cases and genuine infrastructure are going to
Speaker 3: be the ones that endure and that institutions get in on.
Speaker 3: I think there's going to be there's going to come
Speaker 3: a time where there's a risk of not being involved.
Speaker 3: The risk of not being involved is going to overtake
Speaker 3: the risk of like waiting for clarity. I get we're
Speaker 3: waiting for clarity, but at some point the risk of
Speaker 3: not being involved is going to be a lot higher.
Speaker 3: And this is why I even personally right now, and
Speaker 3: I don't think institutions are doing it either. I'm not
Speaker 3: anchoring myself to daily price because the daily price and
Speaker 3: the charts cannot tell you where some of these utility
Speaker 3: coins are going, especially something like XRP.
Speaker 2: Yeah, exactly, only in the short term.
Speaker 3: But I really right now, I'm anchoring myself to adoption,
Speaker 3: to know what's going to happen, to who is building,
Speaker 3: to what is actually being used, because utility is the
Speaker 3: engine and the price is just the kaboos.
Speaker 4: It's going to come at the end.
Speaker 3: It's going to eventually follow the real usage and not
Speaker 3: the other way around. So when I look at what's
Speaker 3: being built on these rails right now, the institutional adoption,
Speaker 3: the real assets being tokenized and tokenized tokenization is something
Speaker 3: that's so powerful that's happening right now, But the settlement
Speaker 3: that's actually happening that tells me far more about where
Speaker 3: this is going than a red candle. He tells me
Speaker 3: about what institutions are eventually going to do. I said
Speaker 3: to somebody the other day, I think at some point
Speaker 3: institutions will fomo in because they may look at other countries.
Speaker 3: They may look at Russia or Korea or Japan and
Speaker 3: see what they're doing and eventually realize, I got a
Speaker 3: gide in on this.
Speaker 4: You know, so well, it's going to be.
Speaker 2: It's going to be in a it's like what you
Speaker 2: see right now. We're seeing more rias you know, investment
Speaker 2: advisors now looking at crypto, primarily because their customers are
Speaker 2: asking about it. But it's a good example that I'm
Speaker 2: showing right here on screen is Japan. Obviously SBI, shense Bank.
Speaker 2: Now they're going to allow and this goes back to
Speaker 2: the utility side of what you're talking about, converting a
Speaker 2: portion of deposit interest now into bitcoin eighth and XRP.
Speaker 2: So this is a pilot they're launching on June tenth.
Speaker 2: All right, guys, that's tomorrow, So it's not like it's coming, No,
Speaker 2: it's here now.
Speaker 1: Yeah, pilot will.
Speaker 2: Prove out, they're going to make this work, and then
Speaker 2: you're most likely going to see almost every other bank
Speaker 2: of Japan jumping on something like this, which can only
Speaker 2: push more pressure into the US because our economy from
Speaker 2: a financial standpoint is so connected to Japan's financial economy overall.
Speaker 2: So this could really start to create a wave of
Speaker 2: efforts here in the US around the banks. And I
Speaker 2: still have a community, I still have a theory that
Speaker 2: the banks secretly want clarity. Yeah, I think they secretly
Speaker 2: want it.
Speaker 4: They do.
Speaker 2: They're trying to work out their little details right now,
Speaker 2: they do.
Speaker 3: What we're given in front of us is so different
Speaker 3: from what happens behind closed doors. Yeah, I don't tend
Speaker 3: to look at what's happening in front of us. I
Speaker 3: think this has already I mean, I'm not trying to
Speaker 3: be you know, I think this has already been determined.
Speaker 3: And I think it's been determined a very, very long time.
Speaker 3: I was just watching an interview and with the you know,
Speaker 3: the Danielle Dixon. I believe the deep TCC and I'll invested.
Speaker 3: They have been in even Stellar for a very for years,
Speaker 3: seven eight years then, and she even claimed how they
Speaker 3: helped them kind of design the path forward. So there's
Speaker 3: been some big players that's been, you know, already involved
Speaker 3: in in the the building out of this, and so
Speaker 3: we got to be careful that we read between the
Speaker 3: lines and that we don't always you.
Speaker 4: Know, chase these you.
Speaker 3: Know, the headlines and what they're saying, you know, or
Speaker 3: what they want us to see.
Speaker 4: This thing is is moving forward.
Speaker 3: And as far as Japan, I'm a little behind on,
Speaker 3: you know, seeing what they've been doing lately, but I've
Speaker 3: been following them, and what I do know about Japan
Speaker 3: is that they are not waiting on America.
Speaker 4: They have already moved.
Speaker 3: Japan's government approved reclassifying XRP and over a hundred other
Speaker 3: crypto assets as financial instruments, like they have regulated exchanges,
Speaker 3: live bank adoption, and SBI has spent a decade A
Speaker 3: lot of people don't realize this a decade building real
Speaker 3: SRP payment infrastructure, regardless of what Washington does. So Japan
Speaker 3: is definitely not sitting around waiting for the US to
Speaker 3: pass a bill. They're ahead of us on this. But
Speaker 3: there's also a nuance to this, because Japan moving, I
Speaker 3: don't think is a confirmation, and it doesn't mean that
Speaker 3: US becomes irrelevant.
Speaker 4: The US is still the largest capital, you know, market
Speaker 4: of the world. American Clarity.
Speaker 3: If we get the Clarity Act, it will pour probably
Speaker 3: far more money in and it will speed everything up.
Speaker 4: So I think the two are connected.
Speaker 3: What Japan proves is that the adoption does not stop
Speaker 3: if US stalls, right, it just keeps building, you know
Speaker 3: in places, and as we see that momentum is creating
Speaker 3: pressure on everyone else to catch up so that they're
Speaker 3: not left behind, you know, and countries honestly they don't
Speaker 3: like watching rival build the rails of the next financial
Speaker 3: system without them.
Speaker 2: So Asia Asia has been really on the cusp of
Speaker 2: exploding for about the last year because they've put in
Speaker 2: so many of these regulatory alignments. Essentially they've already passed
Speaker 2: their Clarity Act for most parts of it. If you
Speaker 2: look at what's going in Hong Kong with the Hong
Speaker 2: Kong New stable Coin, what that is going to do
Speaker 2: because remember, if you guys are not following what the
Speaker 2: Hong Kong dollar is doing, and especially with the stable
Speaker 2: coin orientation, this is connected to US treasuries.
Speaker 1: Yeah, so that in.
Speaker 2: Itself is continuing to put more pressure because if you
Speaker 2: get that rolling in Asia, especially with the ability to
Speaker 2: earn interest and be able to really kind of utilize
Speaker 2: those kinds of markets around stable coins, r OLUSD will
Speaker 2: be involved in this to I think a very large level.
Speaker 2: I had Zach pandel On here the other day. He
Speaker 2: and I were talking about this point of growth for
Speaker 2: stable coins in general, and he still predicts our l
Speaker 2: USD could become a serious, serious player because of their
Speaker 2: connections with all these banks in other countries. So it
Speaker 2: was kind of like a blessing that we ran into
Speaker 2: that buzz saw, Gary Gensler, because it pushed all of
Speaker 2: the efforts into these other markets which are now starting.
Speaker 1: To explore crypto.
Speaker 2: So yeah, intriguing situation.
Speaker 3: It is. R o U s D is is definitely
Speaker 3: banks will absolutely use it. It's an excellent stable settlement
Speaker 3: to them. Now a stable coin can do what XRP does.
Speaker 3: I think that threatens a lot of people when they
Speaker 3: talk about the r o U s D, and I
Speaker 3: have to constantly tell my my audience it's not the same.
Speaker 3: You know, ro o us D is a stable coin.
Speaker 3: Ripple can freeze it, they can even claw it back.
Speaker 3: The US Court can can order Ripple to act on it.
Speaker 3: And and XRP is totally different. You know, r o
Speaker 3: us D is not new to us. So I have
Speaker 3: to constantly tell people ARIOUSD is going to put a
Speaker 3: greater demand on XRP.
Speaker 4: And that's why I love it. I see the big picture.
Speaker 2: Well, and this is the thing when you consider the
Speaker 2: growth in all the other one hundred and seventy countries
Speaker 2: out there outside the United States, plus and you look
Speaker 2: at Asia as being one of the major markets. I
Speaker 2: think that the lawmakers, because we've had several of them
Speaker 2: on the show, and we many times after an interview,
Speaker 2: I'll get them kind of off camera when they're a
Speaker 2: little bit more relaxed, and you know, those are the
Speaker 2: first questions I asked them.
Speaker 1: I said, are you guys at all worried.
Speaker 2: About these other countries that are truly in the driver's
Speaker 2: seat right now? It's like, imagine if we had lost
Speaker 2: Silicon Valley, you know, in the age of the Internet.
Speaker 2: I'm worried that we may lose that in the age
Speaker 2: of AI, you know, in the sense of what's happening
Speaker 2: in China. But that's another show in itself to go
Speaker 2: in that direction. But the point being is that they
Speaker 2: all say the same thing, and that is, no, we
Speaker 2: understand the threat, and they all I'll say the word threat.
Speaker 2: So that's real, which is why I think that the
Speaker 2: White House is using this angle of national security that
Speaker 2: could possibly push the Democrats into saying yes on Clarity
Speaker 2: maybe in terms of the problem that I think still
Speaker 2: resides on the Clarity Act, which is going to be
Speaker 2: this ethics issue that the Democrats are going to continue
Speaker 2: to push. But if something like national security plays into this,
Speaker 2: I mean, would you want to be the Democrat that
Speaker 2: voted against that? I don't think I would want to
Speaker 2: be that guy or girl.
Speaker 4: No, definitely.
Speaker 3: And I saw I can't remember her name, but she
Speaker 3: was just talking about how she wasn't going to vote
Speaker 3: for the Clarity Act if all the rules weren't there.
Speaker 2: And if she felt like, yeah, yes, it are also brookes.
Speaker 1: Yeah, And I.
Speaker 3: Couldn't help but to think for a second that they're
Speaker 3: going to be impacted by their children, because she mentioned
Speaker 3: that her children are all for.
Speaker 4: You know, cryptocurrency yep.
Speaker 3: So you know, my mind is, you know, I'm like
Speaker 3: always thinking on a human level. My mind can't think
Speaker 3: beyond that. You know, I'm thinking, I'm getting scenarios in
Speaker 3: my mind where her kids are saying, are you gonna
Speaker 3: you know?
Speaker 4: So I think that.
Speaker 3: The the backlash will come from their keyds even yeah,
Speaker 3: you would have wanted to make this not happen.
Speaker 2: Exactly Yeah, it's it's the you know, it's the baby
Speaker 2: with the bathwater kind of you know scenario that this
Speaker 2: plays into it. You're just so hell bent to get
Speaker 2: something up on this administration, whether your pro administration, your
Speaker 2: anti administration.
Speaker 1: I think you everybody should be.
Speaker 2: Pro American, right, you know, and especially the American tax
Speaker 2: payers that have an opportunity here.
Speaker 4: Yeah.
Speaker 3: Absolutely, And it's just like I think brag Goarland House
Speaker 3: has said this one time, you know, like this.
Speaker 4: Is you know, if we were if we were talking about.
Speaker 3: Like the Internet protocol, where's the fight, Why wouldn't we
Speaker 3: all believe this?
Speaker 1: It was useful?
Speaker 3: Like the Democrats believe that we need the internet and
Speaker 3: then the Republicans don't, or vice versa.
Speaker 4: The it doesn't make any sense. This is we all
Speaker 4: need it.
Speaker 2: Yeah, and it's it is one of those situations. I
Speaker 2: think that it now it's become a battleground for bipartisan
Speaker 2: approaches with them trying to get the one up on
Speaker 2: the administration, and then you have these cues coming in
Speaker 2: from the administration where they spend it more towards national security,
Speaker 2: which it is, yeah, much less. I still think that
Speaker 2: we've lost the plot when it when we don't realize
Speaker 2: that this is really more for the security of finances
Speaker 2: for Americans. You know, this is an opportunity for Americans
Speaker 2: to actually get in the game, you know, as opposed
Speaker 2: to getting a VPN and you know, going over to
Speaker 2: Asia or the Middle East just to trade something on
Speaker 2: a purp. These are the bad things that we have
Speaker 2: to deal with, which is a terrible issue.
Speaker 4: I see Japan as Asian.
Speaker 3: You know, when you mentioned the word threat, you know,
Speaker 3: get I get that word like it's a threat. But
Speaker 3: I even see it as proof. Right it shows that
Speaker 3: this is a global shift that no country controls or
Speaker 3: can stop. So the US they can choose to lead
Speaker 3: or they can lag it, you know what I'm saying.
Speaker 3: But I think the train is still going to move
Speaker 3: either way, and Japan is showing the rest of the
Speaker 3: world what the destination is looking like for this.
Speaker 4: So I do.
Speaker 3: Hope that we get the clarity act. I really do
Speaker 3: every day that moves forward. I'm I'm I have hesitation
Speaker 3: that we will, but I'm praying that we do.
Speaker 2: Now, well, this will be the big one right now,
Speaker 2: if the White House gets their law enforcement groups together
Speaker 2: and they're able to kind of pull this across based on,
Speaker 2: you know, the idea of illicit findinance concerns, which is
Speaker 2: really what Senator Warren you know, camps out on all
Speaker 2: the time. You know that crypto is being used for
Speaker 2: illicted finance blah blah blah, and you know, and I'm like, really,
Speaker 2: the biggest illicit finance problem we have it's called the
Speaker 2: American dollar, which is to use more than any you know.
Speaker 2: So this is a completely different situation that plays into this.
Speaker 2: One last thing before I let you go. When you
Speaker 2: look at the mindset of traders, I want to go
Speaker 2: back to that for a second, and then you look
Speaker 2: at the utilization of AI.
Speaker 1: So we see it a lot.
Speaker 2: We have our own language, a large language model right
Speaker 2: now that we're using even with our own investments strategies
Speaker 2: and tactics. But one thing I'm finding is that some investors,
Speaker 2: whether you're using a cloud bot or something of that nature,
Speaker 2: that they're actually utilizing AI almost as a counselor. And
Speaker 2: we've seen those kind of things. Go back to the
Speaker 2: mental health side of this, because people will did I
Speaker 2: do the right thing? Is always the question, right did
Speaker 2: I make the right investment? Someone if they don't have
Speaker 2: an advisor. They can't talk to someone, so who they ask?
Speaker 2: They ask, AI, what do you think that's going to
Speaker 2: look like? And say another year or two?
Speaker 1: Be worried.
Speaker 4: I am.
Speaker 3: I am because I feel like it's the continuation of
Speaker 3: what happened to a lot of people in school and
Speaker 3: education and how they didn't encourage critical thinking, and so
Speaker 3: it's allowing the less and less practice of, you know,
Speaker 3: coming up with your own constructive thoughts.
Speaker 4: I think AI is great.
Speaker 3: I think we should leverage it, but I also think
Speaker 3: that we have to learn how to give it our
Speaker 3: intellectual property and a sense to leverage it and not
Speaker 3: just allow it to think for us. It's an incredible tool,
Speaker 3: but again I look at it through the lens of
Speaker 3: the brain, and it's going to convert people to have
Speaker 3: a level of dependency on, you know, bringing all of
Speaker 3: their questions to and allowing some some you know AI
Speaker 3: artificial intelligence to think for themselves. And the quality of
Speaker 3: your thinking equates to the quality of your success. You know,
Speaker 3: you're not gonna, as a man think it's so is he?
Speaker 3: You know, So if you're not upgrading your thinking, the
Speaker 3: quality of your thinking, then you can't upgrade the quality
Speaker 3: quality of your life regardless of if you're going to AI,
Speaker 3: you know, to to to think for you, and so
Speaker 3: I think that's I think people are using it the
Speaker 3: wrong way often.
Speaker 4: And that's what the schools made us. Do you know.
Speaker 3: They didn't make us think for ourselves. They made us
Speaker 3: take tests where we just memorize things exactly. We got
Speaker 3: now now we don't even have to memorize things. Now
Speaker 3: we got AI thinking for us and memorizing for us.
Speaker 3: We can just go to AI for everything.
Speaker 2: Well, you hit it on the head too, and that
Speaker 2: is the idea of It's kind of the concept of
Speaker 2: being told how to think absolutely, you know, which it
Speaker 2: gets away from critical thinking. I think that we are
Speaker 2: going to see, and this is my prediction, we are
Speaker 2: going to see another division of classes again. Right now,
Speaker 2: we already have a division of classes of the wealthy
Speaker 2: and the people who are not.
Speaker 1: It's the haves and the have not.
Speaker 2: And it's also been mostly around opportunity and money at
Speaker 2: the right time, Okay, I think now AI probably will
Speaker 2: level the playing field, much like crypto has leveled the
Speaker 2: playing field to a certain extent for brand new investors.
Speaker 2: But I think AI is going to do it again,
Speaker 2: And I think the investors or people could be anybody,
Speaker 2: even on business decisions, you know, whether you're going out
Speaker 2: into business, starting a business, you know, buying a business,
Speaker 2: getting into a business with a partner, whatever it might be.
Speaker 2: I think the people that use critical thinking inside the
Speaker 2: AI and questions its motives and its moves, because we
Speaker 2: do it all the time. I'll, you know, challenge my
Speaker 2: AI constantly.
Speaker 1: You know, I'm like, we wouldn't do that. This is
Speaker 1: not what I would do. I would do this.
Speaker 2: My AI has come back at me. Why are you
Speaker 2: being so argumentative? And that's called an idea. It's not
Speaker 2: an argument, it's called an idea. You need to learn
Speaker 2: about ideas first. So it's funny to me that that's happening.
Speaker 1: I hope that we don't end up with another division.
Speaker 2: Of classes where you have people who are now critically
Speaker 2: thinking and those who are simply being told what to do.
Speaker 3: Yeah, I think we will. I mean, I think I
Speaker 3: absolutely think we will. And it's not something that we desire.
Speaker 3: It's not something that we want, but it's going to happen.
Speaker 3: And unless you I like when you say you argue
Speaker 3: with AI, because I was telling a group of people yesterday,
Speaker 3: I say, I argue with AI, and I make AI
Speaker 3: argue with me, and I tell it, don't listen to
Speaker 3: what I'm telling you, push back on every argument that
Speaker 3: you can think about, and once we come to a consensus,
Speaker 3: this is what I do.
Speaker 4: I then go to about two other.
Speaker 3: AIS and I make them now argue with one another
Speaker 3: to see exactly and since it's.
Speaker 2: Cut pace, go find out the flaw in that system.
Speaker 4: And not to argue what it said that and this
Speaker 4: AI said that.
Speaker 1: Here's a hat for you, guys.
Speaker 2: If you're using prompts when you when you go into
Speaker 2: looking at any analysis, ask the AI to think of
Speaker 2: this as a chess game. And when you do that,
Speaker 2: it starts to give you thought processes that are multiple
Speaker 2: steps forward. So you, as the individual prompting AI, have
Speaker 2: to be thinking multiple steps, you know, kind of the
Speaker 2: three D chess model that I think a lot of
Speaker 2: good investors and just people who are paying attention. You
Speaker 2: don't even have to be smart. You just have to
Speaker 2: be paying attention to what's happening in society to be
Speaker 2: able to get to this done.
Speaker 1: But try that next time.
Speaker 2: You you go into AI, guys, and hopefully it will
Speaker 2: help you out. And if you have a prompt that
Speaker 2: you want to give to Camilla and I drop it
Speaker 2: in the comments down below.
Speaker 1: We'd love to to get some feedback there. Cam that's been.
Speaker 2: Good chatting with. Where they Where can they find you?
Speaker 2: Besides YouTube? Where are you on X?
Speaker 3: Yeah, I'm I'm also under cam i am cam Stevenson
Speaker 3: on X and then I'm also on Instagram under Kamilla
Speaker 3: Stevenson and of course YouTube at doctor Camilla Stevenson. I
Speaker 3: do have a lot of fake pages out there, so
Speaker 3: be careful of that. Yeah, I'm working against that right now,
Speaker 3: but that's where you can find me.
Speaker 2: That is a problem, huge Trump. I don't understand why
Speaker 2: YouTube cannot track this stuff down much less X you
Speaker 2: have to. I have to report someone at least once
Speaker 2: a week on X for that very issue.
Speaker 1: And I don't understand. You got AI.
Speaker 2: You know where you're authenticated, you know where your KYC
Speaker 2: is done. So it's such an easy match to know
Speaker 2: who the official account is.
Speaker 1: I would think, yeah.
Speaker 2: You know, I mean we're catching them and we just
Speaker 2: are searching our own name, you know.
Speaker 1: So, Mike, this is.
Speaker 3: The job trying to you know, I've been fouling for
Speaker 3: copyright infringement, and it's a whole nother job trying to
Speaker 3: get you know, submit you know, all the notifications to
Speaker 3: YouTube and I'm telling this to audience to do it
Speaker 3: and it's yeah.
Speaker 1: I will tell you.
Speaker 2: Guys watching this right now also understand that ai ai
Speaker 2: bots are now getting so good in the comments that
Speaker 2: it's very difficult to determine if that is a real comment.
Speaker 2: So anybody that's telling you to invest in something, first
Speaker 2: of all in a comment, that should be the first
Speaker 2: red flag, don't follow that. Don't click any links in
Speaker 2: the comments on any of that kind of stuff. So
Speaker 2: ne WhatsApp, telegrams, stay away from those. All. Just use
Speaker 2: common sense. Cons It's so easy common sense to get
Speaker 2: it done. Gimila, it's been good chatting with you. Thank
Speaker 2: you so much for coming.
Speaker 1: In on the show today. We appreciate it.
Speaker 4: Thank you so much for having me.
Speaker 2: All Right, you guys know what to do, like and subscribe,
Speaker 2: hit Camilla up out there and we will catch you
Speaker 2: later on the XRP pot Take care,