WEBVTT 1 00:00:00.240 --> 00:00:04.679 It has made me question that a little bit. However, however, 2 00:00:05.400 --> 00:00:07.480 I also the price of bitcoin is not going to 3 00:00:07.559 --> 00:00:10.439 go over one hundred and fifty thousand dollars. It could potentially, 4 00:00:10.480 --> 00:00:12.800 you know, maybe spike to one seventy or one eighty 5 00:00:12.960 --> 00:00:15.839 or who knows, but the rain the one forty is 6 00:00:15.880 --> 00:00:19.640 the target. One hundred and forty thousand dollars is the target. 7 00:00:20.320 --> 00:00:23.120 And you know when you look at where bitcoin fell to, 8 00:00:24.359 --> 00:00:26.679 now all of a sudden, that target is what that's 9 00:00:26.719 --> 00:00:32.679 a three X, that's a three action in the bottom. Now. 10 00:00:35.679 --> 00:00:37.880 This content is brought to you by v chain, which 11 00:00:37.920 --> 00:00:42.159 is a leading enterprise grade Layer one public blockchain spearheading 12 00:00:42.240 --> 00:00:46.920 a digital revolution from a sustainable, highly scalable smart contract platform. 13 00:00:47.159 --> 00:00:50.679 The v chain blockchain has many unique features, which makes 14 00:00:50.759 --> 00:00:54.439 it an ideal choice for Web three applications. V chain 15 00:00:54.520 --> 00:00:59.200 is working with many great enterprises such as PwC G, VONCI, BMW, 16 00:00:59.520 --> 00:01:02.880 and Walmart China. Most recently, they partnered with the Boston 17 00:01:03.000 --> 00:01:09.200 Consulting Group to build a revolutionary decentralized application ecosystem. I'm 18 00:01:09.239 --> 00:01:11.840 a big believer in this project. I have been since 19 00:01:11.879 --> 00:01:14.680 twenty eighteen. I've been a VET token holder for years 20 00:01:15.079 --> 00:01:19.400 and this blockchain is highly scalable, great with security and speed, 21 00:01:19.560 --> 00:01:23.000 and it has low energy consumption. If you'd like to 22 00:01:23.120 --> 00:01:26.280 learn more about v chain, please visit vchain dot org. 23 00:01:26.640 --> 00:01:29.079 Link will be in a description. Welcome into the Thinking 24 00:01:29.079 --> 00:01:30.000 Crypto Podcast. 25 00:01:30.040 --> 00:01:32.640 I'm your host, Tony Edward, and with me is someone 26 00:01:32.640 --> 00:01:36.079 who doesn't need an introduction, but it's Ben Armstrong aka 27 00:01:36.200 --> 00:01:36.680 bit Boy. 28 00:01:37.120 --> 00:01:39.480 Ben. Great to see you, well, thanks for having me. 29 00:01:39.519 --> 00:01:41.319 You came on my show a couple of months ago. 30 00:01:41.400 --> 00:01:43.239 Glad to come back on your show. Haven't been on 31 00:01:43.480 --> 00:01:45.560 in quite a while. You get a lot of big 32 00:01:45.599 --> 00:01:48.200 guests on and so I see some of your interviews 33 00:01:48.200 --> 00:01:50.000 and you do a great job. And you know, I 34 00:01:50.000 --> 00:01:52.239 know you're part of the XRP army, which is a 35 00:01:52.239 --> 00:01:53.760 good thing. I'm sure we're going to talk about today. 36 00:01:54.120 --> 00:01:57.920 Oh yeah, yeah, absolutely big news and really great to 37 00:01:57.959 --> 00:01:59.760 have you on. Man to get your perspective on the 38 00:01:59.760 --> 00:02:03.319 market because you've been here a long time, Ben, You've 39 00:02:03.319 --> 00:02:06.640 been investing, you build your channel, their brand and so forth. 40 00:02:07.000 --> 00:02:09.639 But let's start with your most recent book that you 41 00:02:09.800 --> 00:02:10.319 just launched. 42 00:02:10.319 --> 00:02:11.039 Tell us about it. 43 00:02:12.039 --> 00:02:15.159 Yeah, it's called Catching Up to FTX. Lessons learned during 44 00:02:15.159 --> 00:02:18.879 my crusade against fraud, corruption and bad hair. Obviously it 45 00:02:19.000 --> 00:02:21.439 was Sam Bateman Freed was the character with the bad 46 00:02:21.439 --> 00:02:25.199 hair in the story, and it details it sets up 47 00:02:25.280 --> 00:02:28.840 why the FTX story is so important. It sets up 48 00:02:28.879 --> 00:02:31.319 kind of the early beliefs about crypto and then watching 49 00:02:31.319 --> 00:02:35.520 things evolve to where it got and how FTX was 50 00:02:35.680 --> 00:02:39.719 kind of the It was the thing that we were 51 00:02:39.759 --> 00:02:43.240 always going to be led to in crypto with creating selfishness, 52 00:02:43.599 --> 00:02:45.800 was going to be in Exchange that was going to 53 00:02:45.840 --> 00:02:48.039 have so much money that it was going to get 54 00:02:48.039 --> 00:02:51.080 over leveraged like this, and when it started to fall. 55 00:02:51.520 --> 00:02:56.280 It's the same old crime crime family story. It's the same, 56 00:02:57.240 --> 00:02:59.879 the same old exchange story. It's just they're always going 57 00:02:59.879 --> 00:03:03.159 to be trying to steal from people. And it's not 58 00:03:03.240 --> 00:03:06.319 just Crypto. It's been going on since the beginning of 59 00:03:06.360 --> 00:03:10.680 the world, really, and we show how that is. That's 60 00:03:10.759 --> 00:03:12.400 what we want. We need a different system, we want 61 00:03:12.400 --> 00:03:14.240 to change in crypto. We thought it was a different system, 62 00:03:15.120 --> 00:03:17.680 the same old thing, and so we set that up 63 00:03:17.840 --> 00:03:20.759 and then we go into the fun exciting part, which 64 00:03:20.800 --> 00:03:23.240 was me actually going down to the Bahamas and chasing 65 00:03:23.280 --> 00:03:26.360 Sam Bateman Freed around the you know, trying to find 66 00:03:26.360 --> 00:03:28.599 out where he was. We were, of course, in his complex. 67 00:03:28.680 --> 00:03:32.080 His parents called the police on us. Interactions with them 68 00:03:32.439 --> 00:03:34.879 talk about how we actually got inside and what that 69 00:03:35.080 --> 00:03:37.680 was like. We talked about left, why I actually did 70 00:03:37.680 --> 00:03:40.800 decide to not just get arrested, because I people know 71 00:03:40.879 --> 00:03:44.560 I am a master laiter. I'm not afraid to get 72 00:03:44.639 --> 00:03:48.319 arrested for something I believe in. And I think that 73 00:03:48.840 --> 00:03:52.080 it's a really cool story of the inside of what happened. 74 00:03:52.080 --> 00:03:54.000 How I met Ice Bags and we had this crazy 75 00:03:54.039 --> 00:03:56.039 poker game. And Sam Bakeman free texted me at two 76 00:03:56.080 --> 00:03:58.560 in the morning and it told me that he was 77 00:03:58.599 --> 00:04:00.960 a whimp. He didn't like spicy pizza. That's the one 78 00:04:00.960 --> 00:04:02.719 thing he told me. And then he asked He actually 79 00:04:02.719 --> 00:04:06.080 asked me. The most interesting interaction I've ever had with 80 00:04:06.159 --> 00:04:09.439 Sam was when he asked me. He said, Hey, if 81 00:04:09.479 --> 00:04:11.280 you were me right now and you were the CEO 82 00:04:11.360 --> 00:04:14.879 of FTX, what would you do. I was like, WHOA, 83 00:04:15.000 --> 00:04:18.160 what a question? And I said, look, I said, that's 84 00:04:18.160 --> 00:04:20.120 not up to me. It's not up to you. You're 85 00:04:20.160 --> 00:04:23.360 no longer the CEO of FTX, you'd already been removed. 86 00:04:23.839 --> 00:04:25.480 I said, what you need to do is own up 87 00:04:25.480 --> 00:04:28.120 to what you did and find a way to make 88 00:04:28.160 --> 00:04:31.000 peace with all the people that you're heard. And you know, 89 00:04:31.120 --> 00:04:33.240 we had a few interactions and then later on another 90 00:04:33.279 --> 00:04:38.160 really interesting interaction we had through text message was when 91 00:04:38.959 --> 00:04:40.519 he had kind of stopped talking to me, he said 92 00:04:40.519 --> 00:04:42.240 we would do an interview on Twitter, and then he 93 00:04:42.319 --> 00:04:45.759 never did it, and then we didn't talk for a while. 94 00:04:46.040 --> 00:04:49.160 But I kept sending in messages and I kept saying messages, 95 00:04:49.199 --> 00:04:52.000 was saying, hey, Sam, I know what your parents. I 96 00:04:52.040 --> 00:04:54.879 know your parents are actually behind this. I figured out 97 00:04:54.959 --> 00:04:57.319 since then I kept At first I was been back 98 00:04:57.360 --> 00:04:59.279 and forth on whether it was Sam or whether it 99 00:04:59.319 --> 00:05:02.079 was his parents, Sammer's parents like is Sam bad? Is 100 00:05:02.120 --> 00:05:05.519 he escapegoat? He? What is he? And what he came 101 00:05:05.560 --> 00:05:10.040 to realize is they're both both parties, the parents and 102 00:05:10.160 --> 00:05:14.120 free Berg as well the attorney and Sam Bangon Freed, 103 00:05:14.160 --> 00:05:17.920 they're all equally responsible for this because Sam Bangman Freed 104 00:05:18.040 --> 00:05:20.160 was in charge of all the training. He was in 105 00:05:20.240 --> 00:05:24.279 charge of the trading, the leveraging, the getting over leveraged, 106 00:05:24.720 --> 00:05:28.560 the line about numbers. That's what he did. The parents 107 00:05:28.560 --> 00:05:31.879 were involved on the political conspiracy side, where it was 108 00:05:32.000 --> 00:05:36.040 funneling money to candidates to why were they doing it 109 00:05:36.160 --> 00:05:39.360 to buy power? Of course they know Sam eventually want 110 00:05:39.439 --> 00:05:42.519 to be the president himself. Imagine that. And then of 111 00:05:42.600 --> 00:05:44.879 course not Dan Freeberg, who was the one who set 112 00:05:44.920 --> 00:05:47.000 up the shell companies in architecture, and I think they're 113 00:05:47.000 --> 00:05:48.959 all kind of equally guilty, and they. 114 00:05:48.879 --> 00:05:51.680 Were trying to get that special broker deal license on 115 00:05:51.720 --> 00:05:53.279 the SEC. Right, I think a lot of people in 116 00:05:53.279 --> 00:05:55.000 the industry are like, wait a minute, that will make 117 00:05:55.040 --> 00:05:57.000 them kind of a bunopuly and they would you know, 118 00:05:57.000 --> 00:05:58.879 Prochet the other exchanges. 119 00:05:59.240 --> 00:06:03.480 Well they are had bought ledger x, which was av 120 00:06:03.639 --> 00:06:06.759 It was the only at the time, I believe it 121 00:06:06.800 --> 00:06:11.800 was the only SEC approved derivatives platform that anything to 122 00:06:11.839 --> 00:06:13.439 do with crypto. Nobody had ever even heard of it. 123 00:06:13.560 --> 00:06:15.600 I don't even know if I didn launch people were 124 00:06:15.680 --> 00:06:18.360 using it, but FTX bought it, and that was actually 125 00:06:18.399 --> 00:06:23.600 my reason background Thanksgiving of twenty twenty one, we're saying 126 00:06:23.720 --> 00:06:27.560 that I thought that, you know, thor Chain and FTT 127 00:06:27.800 --> 00:06:30.079 were going to be awesome. We bought at the time 128 00:06:30.120 --> 00:06:33.079 five hundred thousand dollars worth of both tokens because I 129 00:06:33.079 --> 00:06:34.720 thought FTT was going to crush it. Because I thought, 130 00:06:34.720 --> 00:06:37.319 finally they were going to give it utility, would leverage 131 00:06:37.360 --> 00:06:40.720 trading on this derivatives platform. So the FTX already had 132 00:06:40.759 --> 00:06:43.680 some of the infrastructure in place to really go once 133 00:06:43.680 --> 00:06:45.959 they had that license and absolutely run a monopoly or 134 00:06:46.120 --> 00:06:47.120 you're correct and they were dead on. 135 00:06:48.959 --> 00:06:51.720 Well, I'm really looking forward to reading the book because 136 00:06:51.800 --> 00:06:54.720 obviously you have some interesting nuggets and insights. 137 00:06:54.800 --> 00:06:57.279 I mean, the fact that Sam was texting you at some. 138 00:06:57.319 --> 00:07:00.199 Point, Yeah, that's pretty amazing, and then of course you 139 00:07:00.319 --> 00:07:02.720 were down in the Bahamas. But I think it's important 140 00:07:02.720 --> 00:07:05.600 for people to understand this story, and because there's so 141 00:07:05.600 --> 00:07:08.920 many layers to it. One it's not the ethos of crypto, right, 142 00:07:09.319 --> 00:07:12.199 the true money behind crypto. And then two it just 143 00:07:12.240 --> 00:07:14.800 shows like people trying to come in and take over. 144 00:07:16.000 --> 00:07:19.279 And of course, thank goodness it got stopped because Sam 145 00:07:19.360 --> 00:07:21.639 was cooking up some stuff with the sec Gary and 146 00:07:22.319 --> 00:07:22.839 much more. 147 00:07:24.319 --> 00:07:30.319 Yeah, absolutely, there's no question there was a rogue group. 148 00:07:30.519 --> 00:07:31.759 This is the best way for me to say it. 149 00:07:31.800 --> 00:07:34.439 A lot of people look back in twenty twenty one 150 00:07:34.480 --> 00:07:36.720 when I talked about bitcoin eight one hundred thousand dollars 151 00:07:36.959 --> 00:07:39.879 and when I talked about the Ripple sealment, being done 152 00:07:39.879 --> 00:07:43.199 in September of twenty twenty one. I cannot be more clear. 153 00:07:44.360 --> 00:07:46.720 I was told and I believe this is a person 154 00:07:46.720 --> 00:07:48.360 who I guess I'll call them on the good side, 155 00:07:48.360 --> 00:07:51.199 so I think it's someone who I can trust. I 156 00:07:51.279 --> 00:07:54.120 was told by someone that was on a yacht with 157 00:07:54.319 --> 00:08:00.199 Brad Garland House during the Bitcoin twenty twenty three twenty 158 00:08:00.199 --> 00:08:03.600 two is during Bitcoin twenty twenty two, and Bragguarding House 159 00:08:03.639 --> 00:08:06.319 told this person directly and a few other people who 160 00:08:06.319 --> 00:08:09.439 are standing in a very small circle, that they rejected 161 00:08:09.480 --> 00:08:12.160 a settlement offer from the SEC in the fall of 162 00:08:12.160 --> 00:08:15.199 twenty twenty one. Was it September? I do not know 163 00:08:16.000 --> 00:08:18.160 now is this one hundred percent confirmed? I think if 164 00:08:18.160 --> 00:08:20.839 you go read through the leaves from Subrock Guarding House 165 00:08:20.839 --> 00:08:22.399 that has said I think there is a lot of 166 00:08:22.399 --> 00:08:25.199 smoke there, people would probably they've never came out and 167 00:08:25.279 --> 00:08:27.519 just absolutely set it. But I think a lot of 168 00:08:27.560 --> 00:08:29.639 people know that probably is true. And one hundred thousand 169 00:08:29.680 --> 00:08:34.120 dollars number. And there was a Roague group that included FTX, 170 00:08:34.240 --> 00:08:38.000 included Sam Bateman Free that were working against kind of 171 00:08:38.039 --> 00:08:43.039 the any of the overarching world narratives. So there was 172 00:08:43.080 --> 00:08:44.840 a road group and it doesn't take that many people 173 00:08:44.960 --> 00:08:47.759 to absolutely wreck the market. Because there was a time 174 00:08:47.799 --> 00:08:49.919 back and I think it was a twenty and twenty 175 00:08:50.000 --> 00:08:53.240 or twenty twenty one or maybe twenty nineteen, where there 176 00:08:53.279 --> 00:08:55.840 was a study that was done that showed that one 177 00:08:56.399 --> 00:09:01.159 million dollars could actually move them market cap a bitcoin 178 00:09:01.399 --> 00:09:06.320 one hundred million dollars when leveraged correctly. Because a lot 179 00:09:06.320 --> 00:09:08.240 of the market cap is on leverage, it's not actually 180 00:09:08.240 --> 00:09:11.200 a dollar to dollar, it's not all spot that's included 181 00:09:11.240 --> 00:09:13.360 in on the market cap. And I wish somebody would 182 00:09:13.360 --> 00:09:14.960 do a breakdown of that one day. I tried to 183 00:09:15.000 --> 00:09:17.360 do research on it. It's really hard to actually find 184 00:09:17.360 --> 00:09:21.080 information on how that works. But the point is is 185 00:09:21.120 --> 00:09:25.559 this road group was shorting things like if you looked 186 00:09:25.559 --> 00:09:29.000 at the shorting versus longing on FTX, it was like 187 00:09:29.080 --> 00:09:31.320 eighty to twenty. But you can't find that information anymore 188 00:09:31.320 --> 00:09:33.440 because they destroyed all the API when that hack was done. 189 00:09:33.519 --> 00:09:37.039 That was done to remove information, and so you can't 190 00:09:37.080 --> 00:09:38.879 look the stuff up anymore. If you didn't have it, 191 00:09:38.960 --> 00:09:42.639 you didn't have screenshots of it, you can't get it. 192 00:09:42.799 --> 00:09:47.360 And so these people were shortening the market unmercifully and 193 00:09:47.679 --> 00:09:50.440 I think that's what stopped the market. I think that's 194 00:09:50.480 --> 00:09:53.360 what led things to top out and go back down. 195 00:09:54.000 --> 00:09:58.200 And that group included Gary Ginsler, Gary Ginsler what I've 196 00:09:58.240 --> 00:10:01.919 only been given basically a few names that were involved 197 00:10:01.960 --> 00:10:04.559 in this group. For sure, definitely Sam Bateman free and 198 00:10:04.600 --> 00:10:11.960 his parents, Definitely, Dan Freedberg definitely, Uh, definitely who I was, 199 00:10:11.960 --> 00:10:13.200 just who's I just talked about what my train of 200 00:10:13.240 --> 00:10:16.600 thought where Gey Ginzer definitely, Garginser. Geary Ginser was definitely 201 00:10:16.639 --> 00:10:20.000 also involved in that. And I think there's a lot 202 00:10:20.000 --> 00:10:22.919 of banking connections. There's gonna be connections everywhere. And I 203 00:10:22.960 --> 00:10:26.240 think the question is is you know what what group, 204 00:10:26.320 --> 00:10:32.000 what road group's responsible for the possible assassination of Donald Trump? Like, 205 00:10:32.759 --> 00:10:35.759 was it bringe members of the same group that were 206 00:10:35.799 --> 00:10:38.519 wanting to continue to stop the way that things are progressing. 207 00:10:39.039 --> 00:10:42.120 Because you have to understand that when you have we 208 00:10:42.200 --> 00:10:47.440 had two large markets. Okay, let's take, for instance, let's 209 00:10:47.440 --> 00:10:51.480 take the uh, you know, the airline market, and let's 210 00:10:51.519 --> 00:10:55.360 take the internet market. I guess a good way to 211 00:10:55.399 --> 00:10:58.639 say it, when you take those two different markets and 212 00:10:59.440 --> 00:11:03.480 you buying them, so now you can buy plane tickets 213 00:11:03.480 --> 00:11:08.399 and advertise online. That's great, you've done a good thing. 214 00:11:08.440 --> 00:11:10.759 You've allowed a lot of people to kind of of 215 00:11:10.840 --> 00:11:15.000 jump in and be part of something. But sometimes when 216 00:11:15.120 --> 00:11:19.200 things get combined, you're not pulling from kind of separate 217 00:11:19.320 --> 00:11:22.559 areas to where you're going to get more money and 218 00:11:22.639 --> 00:11:26.799 more traffic. Right, Let's say you're a bank, and let's 219 00:11:26.799 --> 00:11:29.600 say you're a medium size bank. Now, medium sized banks 220 00:11:29.600 --> 00:11:31.519 don't ever go to large sized banks because they get 221 00:11:31.519 --> 00:11:34.879 bought out and most of them end up failing eventually 222 00:11:35.039 --> 00:11:39.159 or stay medium sized. It's kind of a purgatory, if 223 00:11:39.200 --> 00:11:43.639 you will, for banks. And so let's say that you 224 00:11:43.799 --> 00:11:48.440 had a you had a bank that was let's just 225 00:11:48.480 --> 00:11:55.519 call it thinking Tony Edwards, Tony Edwards Valley Bank, that's it, 226 00:11:56.440 --> 00:12:00.679 Tony Edwards Valued Belt so bank. And the point because 227 00:12:00.679 --> 00:12:02.919 if you have that bank and you do not have 228 00:12:03.000 --> 00:12:05.759 people in your bank that are smart and crypto, Okay, 229 00:12:05.799 --> 00:12:08.279 you don't know anything. You've been doing banking stuff like, yeah, 230 00:12:08.320 --> 00:12:09.600 you've heard of it, you know it's a thing, but 231 00:12:09.879 --> 00:12:14.559 your business is not geared to that. Right, and then 232 00:12:14.600 --> 00:12:18.679 all of a sudden, let's say that you know a 233 00:12:18.759 --> 00:12:21.600 new crypto bank where were to pop up next door? 234 00:12:21.639 --> 00:12:23.360 To you, like right now, you would have the handle 235 00:12:23.399 --> 00:12:27.720 on them. But there it doesn't mean that if crypto 236 00:12:27.840 --> 00:12:31.039 comes into your bank, Let's say the crypto system integrates 237 00:12:31.080 --> 00:12:33.200 with your bank, that doesn't mean that it's going to 238 00:12:33.200 --> 00:12:36.600 be beneficial for your bank because your bank may be 239 00:12:36.720 --> 00:12:38.720 in an area that's a lot of older people, right. 240 00:12:39.480 --> 00:12:42.840 And the point is is that when you have different 241 00:12:42.879 --> 00:12:47.519 areas kind of combining, you can lose power. Okay, And 242 00:12:47.600 --> 00:12:51.159 there are bankers out there who, even though crypto is 243 00:12:51.279 --> 00:12:52.840 good in a lot of ways for a lot of 244 00:12:52.879 --> 00:12:55.919 different areas in their industry, it's going to be bad 245 00:12:55.960 --> 00:12:58.240 for them. Okay. It's not go to be goal for Gomans. 246 00:12:58.279 --> 00:13:01.039 It's not Gomans as Gomenzas is fine, right, It's not 247 00:13:01.120 --> 00:13:04.440 JP Morgan They're fine, not big of America. It's the 248 00:13:04.600 --> 00:13:08.120 medium banks, right. It's these ones that have to worry 249 00:13:08.200 --> 00:13:11.320 now significantly going forward. And I think you actually had 250 00:13:11.320 --> 00:13:13.960 already seen some of this with things like dB and 251 00:13:14.000 --> 00:13:18.320 T and Son Trust merging to form truists. When you 252 00:13:18.320 --> 00:13:21.639 saw those types of things happen, those are actually signs 253 00:13:21.720 --> 00:13:25.519 I believe that we were going into a changing world 254 00:13:25.559 --> 00:13:26.879 when you had a lot of this, Because banks weren't 255 00:13:26.879 --> 00:13:29.039 collapsing at that point. That was almost a pre eminent 256 00:13:29.080 --> 00:13:31.240 mooved that was back in I believe it was twenty twenty. 257 00:13:31.679 --> 00:13:35.039 So anyways, my whole point is this, there's there are 258 00:13:35.120 --> 00:13:37.679 road groups out there. There are basically kind of like 259 00:13:37.840 --> 00:13:41.039 two overarching kind of ideas to the world. Right, you 260 00:13:41.080 --> 00:13:43.600 got capitalism and you have socialism. I mean, that's really 261 00:13:43.679 --> 00:13:47.519 kind of what things break down into. And there's people 262 00:13:47.519 --> 00:13:50.600 from all walks of life that are that are fall 263 00:13:50.639 --> 00:13:55.519 into either category. And I think that you know, when 264 00:13:55.519 --> 00:13:59.720 it comes to certain things happening, there are just people 265 00:13:59.759 --> 00:14:02.200 that don't want to see change. They don't want to 266 00:14:02.240 --> 00:14:05.480 see people succeed that they only want things for themselves 267 00:14:05.559 --> 00:14:08.120 and so doesn't matter if it's good for the world, 268 00:14:08.360 --> 00:14:09.799 if it's not good for them, they're going to fight 269 00:14:09.840 --> 00:14:11.879 to prevent it. That's why things are like Donald Trump 270 00:14:11.879 --> 00:14:15.679 assassinations or JFK assassinations, things like that happen. 271 00:14:16.360 --> 00:14:17.320 Yeah. Absolutely. 272 00:14:18.399 --> 00:14:22.480 Now you had mentioned recent just a bit ago about Ripple, 273 00:14:22.879 --> 00:14:25.279 and of course yesterday we got the big news of 274 00:14:25.360 --> 00:14:29.360 this case finally wrapping up, and I mean, after painstaking 275 00:14:29.440 --> 00:14:33.360 years of dealing with this nonsense and the SEC walks 276 00:14:33.399 --> 00:14:35.840 away with one hundred and twenty five million, but Ripple 277 00:14:35.919 --> 00:14:38.639 an XRP walks away with the lion's share the victory. Here, 278 00:14:38.759 --> 00:14:40.360 I want to get your thoughts and what you think 279 00:14:40.399 --> 00:14:42.200 this means for XRP and this bull market. 280 00:14:43.120 --> 00:14:46.799 Yeah, the Lion's here, the old lions here. Yeah, they 281 00:14:46.840 --> 00:14:50.519 definitely got that. Now. The thing is is, I've said 282 00:14:50.519 --> 00:14:53.799 for years and this was stage guys, this was never real. 283 00:14:53.960 --> 00:14:57.600 I don't believe this was ever a real thing I've 284 00:14:57.600 --> 00:14:59.759 been told, and I now believe this is one hundred percent. 285 00:15:00.000 --> 00:15:03.240 I believe it one hundred percent. That seventy percent of 286 00:15:03.240 --> 00:15:05.279 everything you see is fake. And it doesn't mean that 287 00:15:06.080 --> 00:15:08.879 if you watch one hundred court cases, that's seventy five 288 00:15:08.879 --> 00:15:11.519 dollard fake and twenty five or fake. It means pretty 289 00:15:11.559 --> 00:15:14.200 much seventy five percent of anything you see anywhere as faked. 290 00:15:14.559 --> 00:15:17.879 So seventy five percent of someone's testimony is their perspective 291 00:15:17.879 --> 00:15:20.960 in the way that they saw things. That's a good example, right. 292 00:15:21.159 --> 00:15:24.200 Have you ever had a situation where you and someone 293 00:15:24.279 --> 00:15:29.799 else were good friends but you just saw something completely differently, right, 294 00:15:30.360 --> 00:15:33.360 And that's kind kind of how things work. And with 295 00:15:33.440 --> 00:15:36.720 the sec in the Ripple lawsuit, this was always designed 296 00:15:37.039 --> 00:15:42.519 to make Ripple, to make XRP basically the first regulated 297 00:15:42.559 --> 00:15:45.960 cryptocurrency and to allow it to get into the banking 298 00:15:46.000 --> 00:15:50.679 system because Bitcoin is not actually regulated in a sense. 299 00:15:50.679 --> 00:15:53.039 There are some rules around some things, but like bitcoin, 300 00:15:53.080 --> 00:15:57.720 money has virtually no regulation, right, bitcoin trading doesn't. It 301 00:15:58.240 --> 00:16:00.519 kind of is different than the regular stuff. Trading should 302 00:16:00.519 --> 00:16:03.000 have its own rules. They haven't touched any of those 303 00:16:03.559 --> 00:16:07.919 things yet. Ethereum, right, this said it's not a security, 304 00:16:07.960 --> 00:16:10.799 but we all know that that was really I guess, 305 00:16:10.879 --> 00:16:14.440 I guess, I guess you could say that. Yeah, in 306 00:16:14.440 --> 00:16:16.399 a sense, Gary Ginzzar doing a one eighty a lot 307 00:16:16.399 --> 00:16:18.919 of one eighties these days on Ethereum and saying whether 308 00:16:19.039 --> 00:16:21.080 or not going to investigated securitymore, I guess that does 309 00:16:21.120 --> 00:16:23.639 official eye of make it official. It is now not 310 00:16:23.720 --> 00:16:28.000 a security as well. So yeah, Bitcoin, which is steam 311 00:16:28.039 --> 00:16:31.519 as a commodity. You have Ethereum that has been classified 312 00:16:31.559 --> 00:16:35.240 also now basically adds a commodity, and you have XRP 313 00:16:35.360 --> 00:16:40.000 now that has now also been as you know, is 314 00:16:40.039 --> 00:16:42.720 now a commodity. It is not. It is not a security. 315 00:16:43.039 --> 00:16:46.639 And this has been such a great setup for XRP, 316 00:16:46.759 --> 00:16:49.080 as Ripple was the number two or number three coin 317 00:16:49.120 --> 00:16:52.799 for most of his existence until recently when some other 318 00:16:52.840 --> 00:16:54.759 coins started kind of you know, rising on the scene 319 00:16:54.799 --> 00:16:58.120 in Solon and eight some extent. At some point it's 320 00:16:58.120 --> 00:17:00.320 not anymore. Yeah, eight is dead, do you you guys 321 00:17:00.360 --> 00:17:02.879 a run from run for the hills from Aina. I 322 00:17:02.919 --> 00:17:05.680 think I said this for a while that XRP is 323 00:17:05.720 --> 00:17:08.759 not aided XRP. There was zero percent chance, everly that 324 00:17:08.799 --> 00:17:13.200 this was not going to go Ripple's way. It needed 325 00:17:13.240 --> 00:17:16.359 to be regulated. For every everything has to look normal. 326 00:17:16.400 --> 00:17:18.559 The people are in the top to control things, they 327 00:17:18.599 --> 00:17:21.359 have to make things look normal all the time. They 328 00:17:21.400 --> 00:17:23.559 can't just say, hey we want this new banker coin, 329 00:17:24.319 --> 00:17:26.960 let's kick it off. No. What they do is is 330 00:17:27.400 --> 00:17:30.359 they go through this process of making it look like 331 00:17:30.480 --> 00:17:33.720 it's gone through scrutiny and it's criticized, or look at 332 00:17:33.759 --> 00:17:36.720 these different things and say, oh my gosh, I can't believe, 333 00:17:37.200 --> 00:17:41.279 I can't believe so this way that when it gets 334 00:17:42.000 --> 00:17:46.599 past that point, now it seemed as legitimized and you 335 00:17:46.680 --> 00:17:48.000 know as well as I do to it. How long 336 00:17:48.039 --> 00:17:50.519 have you been in crypto tone You've been for a while, right, twenty. 337 00:17:50.400 --> 00:17:54.279 Seventeen, twenty sixteen, late twenty sixteen, twenty sixteen. 338 00:17:53.960 --> 00:17:56.720 Oh, that's g right there. Twenty sixteen, G. I'm lucky 339 00:17:56.920 --> 00:18:00.200 to have gotten in twenty twelve. It was just I really. 340 00:18:00.240 --> 00:18:02.799 The truth is, I wasn't really obsessed with crypto until 341 00:18:03.200 --> 00:18:05.960 probably after the twenty seventeen when I got obsessed, even 342 00:18:05.960 --> 00:18:07.480 though twenty twelve is when I got in and I 343 00:18:07.480 --> 00:18:09.839 did some trading here and there, but I didn't realize 344 00:18:09.839 --> 00:18:11.839 really what I was doing. And the thing is, you 345 00:18:11.880 --> 00:18:13.799 go back to those days in twenty seventeen and you'll 346 00:18:13.839 --> 00:18:17.119 remember this fondly of all the memes of the XRP 347 00:18:17.279 --> 00:18:19.359 Army towards the end of the bullmarket, of you know, 348 00:18:19.680 --> 00:18:21.759 all the wojacks patting each other on the back saying 349 00:18:21.759 --> 00:18:25.920 it's not as security, and there was a huge portion 350 00:18:26.079 --> 00:18:30.160 of people who said that this was going to be 351 00:18:30.160 --> 00:18:32.640 declared to security and to stay away from it. And 352 00:18:32.720 --> 00:18:36.480 because of that, that is something that was always in 353 00:18:36.519 --> 00:18:39.079 the back of everybody's mind. There were class action lawsuits. 354 00:18:39.680 --> 00:18:42.519 There's just never been a decision or never been anything 355 00:18:42.559 --> 00:18:44.880 to indicate that something was going to happen there, and 356 00:18:44.920 --> 00:18:47.839 then it did, and after it did, it missed the 357 00:18:47.880 --> 00:18:52.559 bull run. Right now, the question is if the settlement 358 00:18:52.720 --> 00:18:56.799 had occurred in the fall of twenty twenty one, would 359 00:18:56.839 --> 00:19:01.240 we have gotten further action in the bull run, Absolutely absolutely, 360 00:19:01.240 --> 00:19:04.920 But unfortunately it didn't happen. In the XRP investors were 361 00:19:05.039 --> 00:19:08.039 hurt over time, the XRP army as well as you 362 00:19:08.039 --> 00:19:11.279 guys know. I am the lead master and commander of 363 00:19:11.319 --> 00:19:13.079 the XRP Army. I gave it up for a few 364 00:19:13.160 --> 00:19:16.119 days as a joke. It was just an art of 365 00:19:16.160 --> 00:19:22.759 war trip I learned from Go Kwon. That's it. So anyways, 366 00:19:23.240 --> 00:19:28.279 the point is is that you know, the XRP investor 367 00:19:28.279 --> 00:19:30.000 has been kicked for years and years and years, and 368 00:19:30.039 --> 00:19:32.160 I always told everybody to hold on. I also told 369 00:19:32.200 --> 00:19:34.039 some people to sell at some point because we needed 370 00:19:34.039 --> 00:19:37.319 to have some people sell. So that was the rest 371 00:19:37.319 --> 00:19:40.240 of us to finally get the price to go up. Right. 372 00:19:40.599 --> 00:19:43.160 So you saw it for the XRP community over the 373 00:19:43.240 --> 00:19:47.039 last you know year. You saw people wait, it's over 374 00:19:47.079 --> 00:19:50.119 and it's not going anywhere. Oh my gosh. People getting scared, 375 00:19:50.160 --> 00:19:52.680 people getting nervous. And that's why I always preach this 376 00:19:52.759 --> 00:19:56.759 message to people. XRP is not Ada has the chance 377 00:19:56.799 --> 00:19:59.759 to succeed. XRP has zero chance or Ada has a 378 00:19:59.839 --> 00:20:01.839 chance to succeed, it also has a chance to fail. 379 00:20:02.519 --> 00:20:04.519 X RP does not have a chance to fail. It 380 00:20:04.640 --> 00:20:08.960 only wins. It's already woven and it's fed now uses 381 00:20:10.160 --> 00:20:15.319 x RP. Like, think about that. Think about that. So 382 00:20:15.960 --> 00:20:18.599 and I think that in the future all the banks, 383 00:20:18.920 --> 00:20:20.680 basically all the banks are going to be moved to 384 00:20:20.759 --> 00:20:21.240 this system. 385 00:20:22.720 --> 00:20:24.799 Do you have a price prediction or I know that's 386 00:20:24.839 --> 00:20:27.359 a hard question, but you know, maybe a range for 387 00:20:27.680 --> 00:20:28.319 this bull market? 388 00:20:28.799 --> 00:20:32.039 Yeah, that's a great question, And it really just depends. 389 00:20:32.079 --> 00:20:35.359 I mean, I'm I'm a big I've been a big 390 00:20:35.359 --> 00:20:38.160 believer in an April Fool's Day into this bull market 391 00:20:39.119 --> 00:20:42.519 next year not not. I think there are I love 392 00:20:42.599 --> 00:20:45.559 the day April fools Day. I think it's a great 393 00:20:45.640 --> 00:20:48.400 day for some tom foolery people to get faked out 394 00:20:48.440 --> 00:20:52.319 about something or somebody to act like, hey, uh, you 395 00:20:52.359 --> 00:20:56.799 know this massive story about this massive ban of something, 396 00:20:57.279 --> 00:20:59.720 and people see it and start spreading it. Kind of 397 00:20:59.720 --> 00:21:02.359 what happen in twenty seventeen when they removed the Korean 398 00:21:02.440 --> 00:21:05.000 volume off of point market cap that was the top 399 00:21:05.000 --> 00:21:06.359 of the market. People woke up and it was one 400 00:21:06.400 --> 00:21:09.319 hundred million dollars lower we had never seen a trillion dollars? 401 00:21:09.599 --> 00:21:11.440