Speaker 1: It has made me question that a little bit. However, however,
Speaker 1: I also the price of bitcoin is not going to
Speaker 1: go over one hundred and fifty thousand dollars. It could potentially,
Speaker 1: you know, maybe spike to one seventy or one eighty
Speaker 1: or who knows, but the rain the one forty is
Speaker 1: the target. One hundred and forty thousand dollars is the target.
Speaker 1: And you know when you look at where bitcoin fell to,
Speaker 1: now all of a sudden, that target is what that's
Speaker 1: a three X, that's a three action in the bottom. Now.
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Speaker 2: Link will be in a description. Welcome into the Thinking
Speaker 2: Crypto Podcast.
Speaker 3: I'm your host, Tony Edward, and with me is someone
Speaker 3: who doesn't need an introduction, but it's Ben Armstrong aka
Speaker 3: bit Boy.
Speaker 1: Ben. Great to see you, well, thanks for having me.
Speaker 1: You came on my show a couple of months ago.
Speaker 1: Glad to come back on your show. Haven't been on
Speaker 1: in quite a while. You get a lot of big
Speaker 1: guests on and so I see some of your interviews
Speaker 1: and you do a great job. And you know, I
Speaker 1: know you're part of the XRP army, which is a
Speaker 1: good thing. I'm sure we're going to talk about today.
Speaker 3: Oh yeah, yeah, absolutely big news and really great to
Speaker 3: have you on. Man to get your perspective on the
Speaker 3: market because you've been here a long time, Ben, You've
Speaker 3: been investing, you build your channel, their brand and so forth.
Speaker 3: But let's start with your most recent book that you
Speaker 3: just launched.
Speaker 4: Tell us about it.
Speaker 1: Yeah, it's called Catching Up to FTX. Lessons learned during
Speaker 1: my crusade against fraud, corruption and bad hair. Obviously it
Speaker 1: was Sam Bateman Freed was the character with the bad
Speaker 1: hair in the story, and it details it sets up
Speaker 1: why the FTX story is so important. It sets up
Speaker 1: kind of the early beliefs about crypto and then watching
Speaker 1: things evolve to where it got and how FTX was
Speaker 1: kind of the It was the thing that we were
Speaker 1: always going to be led to in crypto with creating selfishness,
Speaker 1: was going to be in Exchange that was going to
Speaker 1: have so much money that it was going to get
Speaker 1: over leveraged like this, and when it started to fall.
Speaker 1: It's the same old crime crime family story. It's the same,
Speaker 1: the same old exchange story. It's just they're always going
Speaker 1: to be trying to steal from people. And it's not
Speaker 1: just Crypto. It's been going on since the beginning of
Speaker 1: the world, really, and we show how that is. That's
Speaker 1: what we want. We need a different system, we want
Speaker 1: to change in crypto. We thought it was a different system,
Speaker 1: the same old thing, and so we set that up
Speaker 1: and then we go into the fun exciting part, which
Speaker 1: was me actually going down to the Bahamas and chasing
Speaker 1: Sam Bateman Freed around the you know, trying to find
Speaker 1: out where he was. We were, of course, in his complex.
Speaker 1: His parents called the police on us. Interactions with them
Speaker 1: talk about how we actually got inside and what that
Speaker 1: was like. We talked about left, why I actually did
Speaker 1: decide to not just get arrested, because I people know
Speaker 1: I am a master laiter. I'm not afraid to get
Speaker 1: arrested for something I believe in. And I think that
Speaker 1: it's a really cool story of the inside of what happened.
Speaker 1: How I met Ice Bags and we had this crazy
Speaker 1: poker game. And Sam Bakeman free texted me at two
Speaker 1: in the morning and it told me that he was
Speaker 1: a whimp. He didn't like spicy pizza. That's the one
Speaker 1: thing he told me. And then he asked He actually
Speaker 1: asked me. The most interesting interaction I've ever had with
Speaker 1: Sam was when he asked me. He said, Hey, if
Speaker 1: you were me right now and you were the CEO
Speaker 1: of FTX, what would you do. I was like, WHOA,
Speaker 1: what a question? And I said, look, I said, that's
Speaker 1: not up to me. It's not up to you. You're
Speaker 1: no longer the CEO of FTX, you'd already been removed.
Speaker 1: I said, what you need to do is own up
Speaker 1: to what you did and find a way to make
Speaker 1: peace with all the people that you're heard. And you know,
Speaker 1: we had a few interactions and then later on another
Speaker 1: really interesting interaction we had through text message was when
Speaker 1: he had kind of stopped talking to me, he said
Speaker 1: we would do an interview on Twitter, and then he
Speaker 1: never did it, and then we didn't talk for a while.
Speaker 1: But I kept sending in messages and I kept saying messages,
Speaker 1: was saying, hey, Sam, I know what your parents. I
Speaker 1: know your parents are actually behind this. I figured out
Speaker 1: since then I kept At first I was been back
Speaker 1: and forth on whether it was Sam or whether it
Speaker 1: was his parents, Sammer's parents like is Sam bad? Is
Speaker 1: he escapegoat? He? What is he? And what he came
Speaker 1: to realize is they're both both parties, the parents and
Speaker 1: free Berg as well the attorney and Sam Bangon Freed,
Speaker 1: they're all equally responsible for this because Sam Bangman Freed
Speaker 1: was in charge of all the training. He was in
Speaker 1: charge of the trading, the leveraging, the getting over leveraged,
Speaker 1: the line about numbers. That's what he did. The parents
Speaker 1: were involved on the political conspiracy side, where it was
Speaker 1: funneling money to candidates to why were they doing it
Speaker 1: to buy power? Of course they know Sam eventually want
Speaker 1: to be the president himself. Imagine that. And then of
Speaker 1: course not Dan Freeberg, who was the one who set
Speaker 1: up the shell companies in architecture, and I think they're
Speaker 1: all kind of equally guilty, and they.
Speaker 3: Were trying to get that special broker deal license on
Speaker 3: the SEC. Right, I think a lot of people in
Speaker 3: the industry are like, wait a minute, that will make
Speaker 3: them kind of a bunopuly and they would you know,
Speaker 3: Prochet the other exchanges.
Speaker 1: Well they are had bought ledger x, which was av
Speaker 1: It was the only at the time, I believe it
Speaker 1: was the only SEC approved derivatives platform that anything to
Speaker 1: do with crypto. Nobody had ever even heard of it.
Speaker 1: I don't even know if I didn launch people were
Speaker 1: using it, but FTX bought it, and that was actually
Speaker 1: my reason background Thanksgiving of twenty twenty one, we're saying
Speaker 1: that I thought that, you know, thor Chain and FTT
Speaker 1: were going to be awesome. We bought at the time
Speaker 1: five hundred thousand dollars worth of both tokens because I
Speaker 1: thought FTT was going to crush it. Because I thought,
Speaker 1: finally they were going to give it utility, would leverage
Speaker 1: trading on this derivatives platform. So the FTX already had
Speaker 1: some of the infrastructure in place to really go once
Speaker 1: they had that license and absolutely run a monopoly or
Speaker 1: you're correct and they were dead on.
Speaker 3: Well, I'm really looking forward to reading the book because
Speaker 3: obviously you have some interesting nuggets and insights.
Speaker 4: I mean, the fact that Sam was texting you at some.
Speaker 3: Point, Yeah, that's pretty amazing, and then of course you
Speaker 3: were down in the Bahamas. But I think it's important
Speaker 3: for people to understand this story, and because there's so
Speaker 3: many layers to it. One it's not the ethos of crypto, right,
Speaker 3: the true money behind crypto. And then two it just
Speaker 3: shows like people trying to come in and take over.
Speaker 3: And of course, thank goodness it got stopped because Sam
Speaker 3: was cooking up some stuff with the sec Gary and
Speaker 3: much more.
Speaker 1: Yeah, absolutely, there's no question there was a rogue group.
Speaker 1: This is the best way for me to say it.
Speaker 1: A lot of people look back in twenty twenty one
Speaker 1: when I talked about bitcoin eight one hundred thousand dollars
Speaker 1: and when I talked about the Ripple sealment, being done
Speaker 1: in September of twenty twenty one. I cannot be more clear.
Speaker 1: I was told and I believe this is a person
Speaker 1: who I guess I'll call them on the good side,
Speaker 1: so I think it's someone who I can trust. I
Speaker 1: was told by someone that was on a yacht with
Speaker 1: Brad Garland House during the Bitcoin twenty twenty three twenty
Speaker 1: two is during Bitcoin twenty twenty two, and Bragguarding House
Speaker 1: told this person directly and a few other people who
Speaker 1: are standing in a very small circle, that they rejected
Speaker 1: a settlement offer from the SEC in the fall of
Speaker 1: twenty twenty one. Was it September? I do not know
Speaker 1: now is this one hundred percent confirmed? I think if
Speaker 1: you go read through the leaves from Subrock Guarding House
Speaker 1: that has said I think there is a lot of
Speaker 1: smoke there, people would probably they've never came out and
Speaker 1: just absolutely set it. But I think a lot of
Speaker 1: people know that probably is true. And one hundred thousand
Speaker 1: dollars number. And there was a Roague group that included FTX,
Speaker 1: included Sam Bateman Free that were working against kind of
Speaker 1: the any of the overarching world narratives. So there was
Speaker 1: a road group and it doesn't take that many people
Speaker 1: to absolutely wreck the market. Because there was a time
Speaker 1: back and I think it was a twenty and twenty
Speaker 1: or twenty twenty one or maybe twenty nineteen, where there
Speaker 1: was a study that was done that showed that one
Speaker 1: million dollars could actually move them market cap a bitcoin
Speaker 1: one hundred million dollars when leveraged correctly. Because a lot
Speaker 1: of the market cap is on leverage, it's not actually
Speaker 1: a dollar to dollar, it's not all spot that's included
Speaker 1: in on the market cap. And I wish somebody would
Speaker 1: do a breakdown of that one day. I tried to
Speaker 1: do research on it. It's really hard to actually find
Speaker 1: information on how that works. But the point is is
Speaker 1: this road group was shorting things like if you looked
Speaker 1: at the shorting versus longing on FTX, it was like
Speaker 1: eighty to twenty. But you can't find that information anymore
Speaker 1: because they destroyed all the API when that hack was done.
Speaker 1: That was done to remove information, and so you can't
Speaker 1: look the stuff up anymore. If you didn't have it,
Speaker 1: you didn't have screenshots of it, you can't get it.
Speaker 1: And so these people were shortening the market unmercifully and
Speaker 1: I think that's what stopped the market. I think that's
Speaker 1: what led things to top out and go back down.
Speaker 1: And that group included Gary Ginsler, Gary Ginsler what I've
Speaker 1: only been given basically a few names that were involved
Speaker 1: in this group. For sure, definitely Sam Bateman free and
Speaker 1: his parents, Definitely, Dan Freedberg definitely, Uh, definitely who I was,
Speaker 1: just who's I just talked about what my train of
Speaker 1: thought where Gey Ginzer definitely, Garginser. Geary Ginser was definitely
Speaker 1: also involved in that. And I think there's a lot
Speaker 1: of banking connections. There's gonna be connections everywhere. And I
Speaker 1: think the question is is you know what what group,
Speaker 1: what road group's responsible for the possible assassination of Donald Trump? Like,
Speaker 1: was it bringe members of the same group that were
Speaker 1: wanting to continue to stop the way that things are progressing.
Speaker 1: Because you have to understand that when you have we
Speaker 1: had two large markets. Okay, let's take, for instance, let's
Speaker 1: take the uh, you know, the airline market, and let's
Speaker 1: take the internet market. I guess a good way to
Speaker 1: say it, when you take those two different markets and
Speaker 1: you buying them, so now you can buy plane tickets
Speaker 1: and advertise online. That's great, you've done a good thing.
Speaker 1: You've allowed a lot of people to kind of of
Speaker 1: jump in and be part of something. But sometimes when
Speaker 1: things get combined, you're not pulling from kind of separate
Speaker 1: areas to where you're going to get more money and
Speaker 1: more traffic. Right, Let's say you're a bank, and let's
Speaker 1: say you're a medium size bank. Now, medium sized banks
Speaker 1: don't ever go to large sized banks because they get
Speaker 1: bought out and most of them end up failing eventually
Speaker 1: or stay medium sized. It's kind of a purgatory, if
Speaker 1: you will, for banks. And so let's say that you
Speaker 1: had a you had a bank that was let's just
Speaker 1: call it thinking Tony Edwards, Tony Edwards Valley Bank, that's it,
Speaker 1: Tony Edwards Valued Belt so bank. And the point because
Speaker 1: if you have that bank and you do not have
Speaker 1: people in your bank that are smart and crypto, Okay,
Speaker 1: you don't know anything. You've been doing banking stuff like, yeah,
Speaker 1: you've heard of it, you know it's a thing, but
Speaker 1: your business is not geared to that. Right, and then
Speaker 1: all of a sudden, let's say that you know a
Speaker 1: new crypto bank where were to pop up next door?
Speaker 1: To you, like right now, you would have the handle
Speaker 1: on them. But there it doesn't mean that if crypto
Speaker 1: comes into your bank, Let's say the crypto system integrates
Speaker 1: with your bank, that doesn't mean that it's going to
Speaker 1: be beneficial for your bank because your bank may be
Speaker 1: in an area that's a lot of older people, right.
Speaker 1: And the point is is that when you have different
Speaker 1: areas kind of combining, you can lose power. Okay, And
Speaker 1: there are bankers out there who, even though crypto is
Speaker 1: good in a lot of ways for a lot of
Speaker 1: different areas in their industry, it's going to be bad
Speaker 1: for them. Okay. It's not go to be goal for Gomans.
Speaker 1: It's not Gomans as Gomenzas is fine, right, It's not
Speaker 1: JP Morgan They're fine, not big of America. It's the
Speaker 1: medium banks, right. It's these ones that have to worry
Speaker 1: now significantly going forward. And I think you actually had
Speaker 1: already seen some of this with things like dB and
Speaker 1: T and Son Trust merging to form truists. When you
Speaker 1: saw those types of things happen, those are actually signs
Speaker 1: I believe that we were going into a changing world
Speaker 1: when you had a lot of this, Because banks weren't
Speaker 1: collapsing at that point. That was almost a pre eminent
Speaker 1: mooved that was back in I believe it was twenty twenty.
Speaker 1: So anyways, my whole point is this, there's there are
Speaker 1: road groups out there. There are basically kind of like
Speaker 1: two overarching kind of ideas to the world. Right, you
Speaker 1: got capitalism and you have socialism. I mean, that's really
Speaker 1: kind of what things break down into. And there's people
Speaker 1: from all walks of life that are that are fall
Speaker 1: into either category. And I think that you know, when
Speaker 1: it comes to certain things happening, there are just people
Speaker 1: that don't want to see change. They don't want to
Speaker 1: see people succeed that they only want things for themselves
Speaker 1: and so doesn't matter if it's good for the world,
Speaker 1: if it's not good for them, they're going to fight
Speaker 1: to prevent it. That's why things are like Donald Trump
Speaker 1: assassinations or JFK assassinations, things like that happen.
Speaker 4: Yeah. Absolutely.
Speaker 3: Now you had mentioned recent just a bit ago about Ripple,
Speaker 3: and of course yesterday we got the big news of
Speaker 3: this case finally wrapping up, and I mean, after painstaking
Speaker 3: years of dealing with this nonsense and the SEC walks
Speaker 3: away with one hundred and twenty five million, but Ripple
Speaker 3: an XRP walks away with the lion's share the victory. Here,
Speaker 3: I want to get your thoughts and what you think
Speaker 3: this means for XRP and this bull market.
Speaker 1: Yeah, the Lion's here, the old lions here. Yeah, they
Speaker 1: definitely got that. Now. The thing is is, I've said
Speaker 1: for years and this was stage guys, this was never real.
Speaker 1: I don't believe this was ever a real thing I've
Speaker 1: been told, and I now believe this is one hundred percent.
Speaker 1: I believe it one hundred percent. That seventy percent of
Speaker 1: everything you see is fake. And it doesn't mean that
Speaker 1: if you watch one hundred court cases, that's seventy five
Speaker 1: dollard fake and twenty five or fake. It means pretty
Speaker 1: much seventy five percent of anything you see anywhere as faked.
Speaker 1: So seventy five percent of someone's testimony is their perspective
Speaker 1: in the way that they saw things. That's a good example, right.
Speaker 1: Have you ever had a situation where you and someone
Speaker 1: else were good friends but you just saw something completely differently, right,
Speaker 1: And that's kind kind of how things work. And with
Speaker 1: the sec in the Ripple lawsuit, this was always designed
Speaker 1: to make Ripple, to make XRP basically the first regulated
Speaker 1: cryptocurrency and to allow it to get into the banking
Speaker 1: system because Bitcoin is not actually regulated in a sense.
Speaker 1: There are some rules around some things, but like bitcoin,
Speaker 1: money has virtually no regulation, right, bitcoin trading doesn't. It
Speaker 1: kind of is different than the regular stuff. Trading should
Speaker 1: have its own rules. They haven't touched any of those
Speaker 1: things yet. Ethereum, right, this said it's not a security,
Speaker 1: but we all know that that was really I guess,
Speaker 1: I guess, I guess you could say that. Yeah, in
Speaker 1: a sense, Gary Ginzzar doing a one eighty a lot
Speaker 1: of one eighties these days on Ethereum and saying whether
Speaker 1: or not going to investigated securitymore, I guess that does
Speaker 1: official eye of make it official. It is now not
Speaker 1: a security as well. So yeah, Bitcoin, which is steam
Speaker 1: as a commodity. You have Ethereum that has been classified
Speaker 1: also now basically adds a commodity, and you have XRP
Speaker 1: now that has now also been as you know, is
Speaker 1: now a commodity. It is not. It is not a security.
Speaker 1: And this has been such a great setup for XRP,
Speaker 1: as Ripple was the number two or number three coin
Speaker 1: for most of his existence until recently when some other
Speaker 1: coins started kind of you know, rising on the scene
Speaker 1: in Solon and eight some extent. At some point it's
Speaker 1: not anymore. Yeah, eight is dead, do you you guys
Speaker 1: a run from run for the hills from Aina. I
Speaker 1: think I said this for a while that XRP is
Speaker 1: not aided XRP. There was zero percent chance, everly that
Speaker 1: this was not going to go Ripple's way. It needed
Speaker 1: to be regulated. For every everything has to look normal.
Speaker 1: The people are in the top to control things, they
Speaker 1: have to make things look normal all the time. They
Speaker 1: can't just say, hey we want this new banker coin,
Speaker 1: let's kick it off. No. What they do is is
Speaker 1: they go through this process of making it look like
Speaker 1: it's gone through scrutiny and it's criticized, or look at
Speaker 1: these different things and say, oh my gosh, I can't believe,
Speaker 1: I can't believe so this way that when it gets
Speaker 1: past that point, now it seemed as legitimized and you
Speaker 1: know as well as I do to it. How long
Speaker 1: have you been in crypto tone You've been for a while, right, twenty.
Speaker 4: Seventeen, twenty sixteen, late twenty sixteen, twenty sixteen.
Speaker 1: Oh, that's g right there. Twenty sixteen, G. I'm lucky
Speaker 1: to have gotten in twenty twelve. It was just I really.
Speaker 1: The truth is, I wasn't really obsessed with crypto until
Speaker 1: probably after the twenty seventeen when I got obsessed, even
Speaker 1: though twenty twelve is when I got in and I
Speaker 1: did some trading here and there, but I didn't realize
Speaker 1: really what I was doing. And the thing is, you
Speaker 1: go back to those days in twenty seventeen and you'll
Speaker 1: remember this fondly of all the memes of the XRP
Speaker 1: Army towards the end of the bullmarket, of you know,
Speaker 1: all the wojacks patting each other on the back saying
Speaker 1: it's not as security, and there was a huge portion
Speaker 1: of people who said that this was going to be
Speaker 1: declared to security and to stay away from it. And
Speaker 1: because of that, that is something that was always in
Speaker 1: the back of everybody's mind. There were class action lawsuits.
Speaker 1: There's just never been a decision or never been anything
Speaker 1: to indicate that something was going to happen there, and
Speaker 1: then it did, and after it did, it missed the
Speaker 1: bull run. Right now, the question is if the settlement
Speaker 1: had occurred in the fall of twenty twenty one, would
Speaker 1: we have gotten further action in the bull run, Absolutely absolutely,
Speaker 1: But unfortunately it didn't happen. In the XRP investors were
Speaker 1: hurt over time, the XRP army as well as you
Speaker 1: guys know. I am the lead master and commander of
Speaker 1: the XRP Army. I gave it up for a few
Speaker 1: days as a joke. It was just an art of
Speaker 1: war trip I learned from Go Kwon. That's it. So anyways,
Speaker 1: the point is is that you know, the XRP investor
Speaker 1: has been kicked for years and years and years, and
Speaker 1: I always told everybody to hold on. I also told
Speaker 1: some people to sell at some point because we needed
Speaker 1: to have some people sell. So that was the rest
Speaker 1: of us to finally get the price to go up. Right.
Speaker 1: So you saw it for the XRP community over the
Speaker 1: last you know year. You saw people wait, it's over
Speaker 1: and it's not going anywhere. Oh my gosh. People getting scared,
Speaker 1: people getting nervous. And that's why I always preach this
Speaker 1: message to people. XRP is not Ada has the chance
Speaker 1: to succeed. XRP has zero chance or Ada has a
Speaker 1: chance to succeed, it also has a chance to fail.
Speaker 1: X RP does not have a chance to fail. It
Speaker 1: only wins. It's already woven and it's fed now uses
Speaker 1: x RP. Like, think about that. Think about that. So
Speaker 1: and I think that in the future all the banks,
Speaker 1: basically all the banks are going to be moved to
Speaker 1: this system.
Speaker 3: Do you have a price prediction or I know that's
Speaker 3: a hard question, but you know, maybe a range for
Speaker 3: this bull market?
Speaker 1: Yeah, that's a great question, And it really just depends.
Speaker 1: I mean, I'm I'm a big I've been a big
Speaker 1: believer in an April Fool's Day into this bull market
Speaker 1: next year not not. I think there are I love
Speaker 1: the day April fools Day. I think it's a great
Speaker 1: day for some tom foolery people to get faked out
Speaker 1: about something or somebody to act like, hey, uh, you
Speaker 1: know this massive story about this massive ban of something,
Speaker 1: and people see it and start spreading it. Kind of
Speaker 1: what happen in twenty seventeen when they removed the Korean
Speaker 1: volume off of point market cap that was the top
Speaker 1: of the market. People woke up and it was one
Speaker 1: hundred million dollars lower we had never seen a trillion dollars?
Speaker 1: Was it nine hundred? And they will cover there's eight hundred,
Speaker 1: They're like, what the and everybody when they sold and
Speaker 1: there's that, Oh, we just didn't think. The tonic comments,
Speaker 1: let's be for real on this. And so the point
Speaker 1: is is that I think Apy Bools is an interesting
Speaker 1: day for something like that, but I certainly also do
Speaker 1: not believe for sure it's going to happen on that.
Speaker 1: I believe sometime between sometime during quarter two is when
Speaker 1: the bull run will end. So starts on April first,
Speaker 1: goes to the end of June, and I think that's
Speaker 1: a good range. However, I will say this that the
Speaker 1: longer that this bull run has stalled to continue after
Speaker 1: the having it has made me question that a little bit. However, However,
Speaker 1: I also the price of bitcoin is not going to
Speaker 1: go over one hundred and fifty thousand dollars. It could potentially,
Speaker 1: you know, maybe spike to one seventy year, one eighty
Speaker 1: or who knows, but the rain on forty is the target.
Speaker 1: One hundred and forty thousand dollars is the target. And
Speaker 1: you know, when you look at where bitcoin fell to,
Speaker 1: now all of a sudden that target is what that's
Speaker 1: a three x. That's a three x in the bottom now.
Speaker 1: So a lot of people would be quite happy, and
Speaker 1: we would be quite happy with that the institution and
Speaker 1: that people would pig money that are buying during these times,
Speaker 1: during these dips, you see the way the accumulation and
Speaker 1: people are the thirty row. I don't know if the
Speaker 1: ball run's coming back. Zero percent chance the ball run
Speaker 1: is not coming back. And I think when you look
Speaker 1: at a price range for XRP, when you're looking at
Speaker 1: a bitcoin that's going to go potentially to one hundred
Speaker 1: and fifty thousand dollars, and I think the market cap
Speaker 1: is going to get somewhere upwards of I was thinking
Speaker 1: probably ten, I think it's going to probably get closer
Speaker 1: to six. I think we're going to see it doubling.
Speaker 1: I think certainly XRP where it is right now. I'm
Speaker 1: in a leverage trade, so I know where it is.
Speaker 1: It's between sixty and sixty two cents unless that's changed
Speaker 1: here in the last few minutes, and I think that certainly.
Speaker 1: I was saying, look, my original price prediction was eighteen dollars,
Speaker 1: and with a with eighteen to twenty five dollars and
Speaker 1: the highest possible price you could get to it would
Speaker 1: be fifty dollars, and that would be the perfect scenario.
Speaker 1: You get the IPO and you get the ETF, you
Speaker 1: get XRP ETF and which they're talking about, and now
Speaker 1: you get if you were to get an IPO on
Speaker 1: top of that. Who knows how high the price can go.
Speaker 1: But that money's going to come from somewhere, you know it.
Speaker 1: Money's got to come from somewhere, and so that means
Speaker 1: it's going to be coming from money. They'll be going
Speaker 1: into other coins, So what are the coins are going
Speaker 1: to get hurt? Obviously A XRP and eight TO have
Speaker 1: had a long history. They don't like each other. I
Speaker 1: was for both communities and I still do love that
Speaker 1: the Aida community. I just I feel bad for them.
Speaker 1: I do. I really feel bad for the aid of
Speaker 1: community because a lot of them are some there are
Speaker 1: some cost fallacy there. I've got too much into this
Speaker 1: now I can't get out into something. It's going to
Speaker 1: go up better and faster, basically, So that's where that is.
Speaker 1: I think if I want to give what I believe
Speaker 1: a realistic price target is for XRP that I think
Speaker 1: is definitely achievable. I would say eight to ten dollars.
Speaker 1: I think it's definitely achievable. I think that's almost a
Speaker 1: slam dunk. And then from there, where it gets above
Speaker 1: eight to ten dollars, that's going. Look, it could maybe
Speaker 1: six is the high as it goes. Maybe it's six.
Speaker 1: It almost doubles the last whole time high. Maybe I
Speaker 1: think seven is a good number. That will be twice
Speaker 1: the previous all time high approximately. So I think in
Speaker 1: that range, that eight to dollar range is pretty safe
Speaker 1: to say it could it could get up there. I
Speaker 1: think that any all the levels after that, if you
Speaker 1: were to say eighteen to twenty five dollars range, how
Speaker 1: could it get there? That would be with the IPO,
Speaker 1: And then how could it get to fifty two dollars,
Speaker 1: that crazy number that would be if on top of
Speaker 1: that next comes in ETF All that happens before the
Speaker 1: end of this bullmark. And so you're just kind of
Speaker 1: skeptical about all that happening. And I'd like to set
Speaker 1: people up that I believe is to be realistic, and
Speaker 1: I think eighteen dollars is very realistic.
Speaker 3: Yeah, I mean, it's It's interesting because I feel like
Speaker 3: it has the clear runway in the pathway.
Speaker 4: Now there's no longer this dark cloud of the Litiga
Speaker 4: hanging over.
Speaker 3: So I think this guy's a limit a bit, because
Speaker 3: it's what really surprised me, Benny, that coin stayed in
Speaker 3: the top ten despite getting delisted and having a lawsuit.
Speaker 3: A lot of people thought it was going to drop
Speaker 3: out a top twenty or something.
Speaker 1: You know, Yeah, yeah, definitely, And I think looking back,
Speaker 1: there's there's a lot of reason to think that if
Speaker 1: you didn't know what I know, if you don't know it,
Speaker 1: some of the people in the XARP already know. And
Speaker 1: I don't know if most of the people in the
Speaker 1: XARP Army know it just because they happen to know
Speaker 1: the information, or they just in their part they believe
Speaker 1: it too much. So but in the XRP is going,
Speaker 1: you know, it's regulated. Now that the runway is clear,
Speaker 1: things are good. And I think now finally it's it's
Speaker 1: smooth sailing for XRP in the whole community.
Speaker 4: So I got to ask you.
Speaker 3: By hitting network man, we get reports that CFTC is
Speaker 3: going after a hit network, which was the company you
Speaker 3: used to work with.
Speaker 4: And all that, what the hell's going on there? And
Speaker 4: what do you think might be the outcome?
Speaker 1: What I was saying is this is going to be
Speaker 1: one of the most significant things that ever happened in
Speaker 1: the history of crypto, and it's going to go beyond
Speaker 1: areas outside of crypto. I can't say much more than
Speaker 1: that about what's happening overall, But what I can't tell
Speaker 1: you about the subpoena to the CFTC, which I've never seen.
Speaker 1: I've never seen the subpoena I still haven't home seen.
Speaker 1: So you have to understand that sometimes there are people
Speaker 1: out there that think they're on top, and they think
Speaker 1: that they're or alphas and their winners people like me,
Speaker 1: and then you come to find out later on that
Speaker 1: maybe you weren't as great as you thought, because maybe
Speaker 1: there were some people that were assisting you to do
Speaker 1: some things you didn't realize they were helping. And let's say,
Speaker 1: let's say there's another person who is very similar, very
Speaker 1: very cocky, thinks they have everything under control. You know,
Speaker 1: sometimes those people have a tendency to make people above
Speaker 1: them very angry by saying things like they know who
Speaker 1: this person is and things like that. And some people
Speaker 1: who are watching this will understand that and some will not.
Speaker 1: But the point is is that they're with the subpoena.
Speaker 1: You actually understand what came first. Now, Actually the subopena
Speaker 1: was sent on July sixteenth, so it was sent first.
Speaker 1: I did not know about it until I was alerted
Speaker 1: by Tim Copeland of the crypt about about it and
Speaker 1: asking me for a comment. I didn't know that they
Speaker 1: had received it. So they received that on the sixteen
Speaker 1: and then on the twenty third of July, TJ. Shed
Speaker 1: received a subpoenia or a note from the IRS saying
Speaker 1: that he was his company, his personal holding company that
Speaker 1: he owns one hundred percent of, is being audited by
Speaker 1: the I r S. It's very interesting and a lot
Speaker 1: of people know what. I've accused HIT network of being
Speaker 1: a criminal syndicate, a money launderer, wandering organization, and I
Speaker 1: think there are going to end up being connections to
Speaker 1: drug dealing in human trafficking. I know that sounds insane,
Speaker 1: and I believe that that is what some people are
Speaker 1: going to come to find out. I think that's what
Speaker 1: this is connected to. And you know, it's interesting. I
Speaker 1: came up with the name with the name HIT Network.
Speaker 1: I thought of my cousin Berdie smith Wicks, Bradie James Smithwick.
Speaker 1: He was the one who I remember. He told me
Speaker 1: about a company and that's where I got the name from.
Speaker 1: Hid Network. I named it, but I didn't realize. I
Speaker 1: think maybe I was coached into naming it a bit.
Speaker 1: You have to understand the business architecture of the companies.
Speaker 1: You had two holding companies. One was better than TJ LCY,
Speaker 1: which of course, and then you had TJSJ which was
Speaker 1: TJ's okay. And the thing is is that the way
Speaker 1: that these were set up, all the companies underneath except
Speaker 1: for the real estate that he forged and kind of
Speaker 1: got me out of later. Except for the real estate
Speaker 1: or try to get me out of, all of the
Speaker 1: companies were owned by one larger entity, which is called
Speaker 1: BJ Investments. BJ that weird bridge can but BJ Investment.
Speaker 1: And the thing is is that it was set up
Speaker 1: to have many company is underneath it, okay, And this
Speaker 1: is very important. Good Boy Crypto was under the name
Speaker 1: or under the company that I created. An LC eventually
Speaker 1: emerged into the company called High Throughput Productions or HTP.
Speaker 1: Because everybody knows you know, I said I was the
Speaker 1: hardest working channel in crypto and I put out more content,
Speaker 1: more high quality content than anybody, and I have for
Speaker 1: a long time high throughput. You know. It was like,
Speaker 1: you're doing this, so anything that is connected to bid
Speaker 1: Boy Crypto would be done through high throughput productions. And
Speaker 1: it's very interesting when you look at the way that
Speaker 1: the subpoenas and audits were sent out. It was sent
Speaker 1: out that the IRS id to TJ's personal company. It
Speaker 1: doesn't have anything to do with my company, doesn't have
Speaker 1: anything to do with the companies the other companies that
Speaker 1: we had. It only has to do with his own
Speaker 1: personal holding company. Isn't that interesting? And then you look
Speaker 1: at to see that you see audit and of course
Speaker 1: they tried to do they were trying to do their
Speaker 1: their spin on things and were like, oh, his name
Speaker 1: is my name is not in the spoenions. My name
Speaker 1: is not in the zubpoenia. And you have to understand
Speaker 1: that HIT Network is under the LC HIT Network, which
Speaker 1: is under Beach Investment. So you have PJ Investments here,
Speaker 1: you have let's say HIT Network here, you had high
Speaker 1: third put productions here. Okay, these are Steppard so why
Speaker 1: would they send a subpoena to hit network is the
Speaker 1: bencoin is one of the coins that's included in this,
Speaker 1: and of course this is their banner. Oh but what
Speaker 1: people are going to find is they owned all the
Speaker 1: walls that were dumping, and they tried to make it
Speaker 1: look like to my own employees that I was out
Speaker 1: there selling millions of dollars worth of bencoin, and all
Speaker 1: of that is going to come out, and they know
Speaker 1: that it's a ticking time bomb is coming very fast.
Speaker 1: This in the next two weeks. I believe maximum this
Speaker 1: is all going to break. If it doesn't break today
Speaker 1: or tomorrow, we can break any moment. And people are
Speaker 1: going to see that I was literally removed by people.
Speaker 1: They didn't need me. They didn't need me. They were
Speaker 1: running pumping dumb schemes, they were doing phishing attacks, they
Speaker 1: were hacking people. Justin Williams was in his group, and
Speaker 1: I don't know if DJ and his dad were too.
Speaker 1: His dad also was involved in all this. And we
Speaker 1: have all the addresses, and I think that there's this,
Speaker 1: you know, narrative because my name is in the article
Speaker 1: that was written about it, that somehow, because Beuin's involved,
Speaker 1: it leads back to me, no, no, no, no. Mister X
Speaker 1: told me specifically to hold on to Ben, don't I try.
Speaker 1: I thought earlier this year, I thought about selling it,
Speaker 1: not to make money. To get out of it is
Speaker 1: too much pressure. It's too much pressure. Mister X has
Speaker 1: constantly pushed me not to get rid of it. And
Speaker 1: now I know what this is. One of the reasons
Speaker 1: is because it's going to come out that the only
Speaker 1: reason it failed or it was failing, was because of
Speaker 1: the massive supply that they were holding and they were dumping.
Speaker 1: And it's also going to come out to Bendtis. It's
Speaker 1: involved in all this. There's a reason there's all these
Speaker 1: Colorado connections. You know, there's a lot of Colorado connections
Speaker 1: to Colorado, Arizona connections to the stuff Philadelphia. There's a
Speaker 1: lot of connections. There a lot of connections in New
Speaker 1: York and people are going to people are going to
Speaker 1: see all this, uh, you know, play out. And I
Speaker 1: think that I'm on like I'm on a fourth vacation
Speaker 1: right now. I'm not. You know, I'm making a little
Speaker 1: bit of content because of the ZARP stuff yes yesterday,
Speaker 1: But I'm in a place where I'm very safe and
Speaker 1: I'm protected, and I think and I'm only doing this
Speaker 1: interview with you, Tony, because I asked you and I
Speaker 1: told you I thought about canceling, but I appreciate you
Speaker 1: and I want to come on and talk a little
Speaker 1: bit about this, maybe in order to to set some
Speaker 1: things straight for some people. Is that what has happened
Speaker 1: with a network is going to be I'm going to
Speaker 1: call it the most significant event in history of crepicus.
Speaker 1: Of course, you know silk rowed ross Olbrick, Uh, you
Speaker 1: know melt doox those are those are more significant. This
Speaker 1: is going to go down as one of the most
Speaker 1: significant because people are going to start to understand that
Speaker 1: they're my circle. It was there was a reason why
Speaker 1: there was a lot of weird things happening around me,
Speaker 1: specifically because the center of this investigation, I believe, is
Speaker 1: going to turn out to be someone very very very
Speaker 1: very very close to me, someone that I would have
Speaker 1: never expected this from, and this person's going to end
Speaker 1: up being the center of this investigation. People are going
Speaker 1: to find this this I would just tell you on
Speaker 1: ch analysis. We've done channalysis. I will tell you that
Speaker 1: the chainnalysis that we have done along with our assistants
Speaker 1: from our cop from Minnesota, Jake, who's been helping us,
Speaker 1: is that some of these addresses that are connected to
Speaker 1: HIT network. I'm not going to say they are HIT network,
Speaker 1: they're connected HIT network such as child porn. That is
Speaker 1: one thing I will say. We know that factually that's
Speaker 1: one hundred percent correct, no questions about it. And we
Speaker 1: also know that there's an address to connects back to
Speaker 1: the parody hack. There was an address that connects to
Speaker 1: so much of the big stolen money between July and August,
Speaker 1: mostly July, almost all during July twenty seventeen, and people
Speaker 1: can go back and look there were several hacks. There
Speaker 1: were several hacks. There was a hack, the parody hack
Speaker 1: obviously was in twenty seventeen. And then you had another one.
Speaker 1: It wasn't stormacs, it was something buzz be something I
Speaker 1: can't remember what it was. But there was one I
Speaker 1: think it was I cannot remember a LOSP. I think
Speaker 1: it was a b name. There was some kind of
Speaker 1: platform that was hacked into. And people can go follow.
Speaker 1: When you follow money, a lot of people don't understand
Speaker 1: what you can discover. The blockchain is the coolest thing
Speaker 1: that's ever existed. When you actually understand that you cannot
Speaker 1: hide money, you cannot hide money monaro. Okay, you can
Speaker 1: hide minero, but still in some place you have to
Speaker 1: upload fee up to buy it somewhere, whether it's you know,
Speaker 1: ninety four trades down the road or whatever. But and
Speaker 1: then eventually when you cash out, people are going to
Speaker 1: see that you cashed out from trading manaro. Right. So,
Speaker 1: even when using privacy coins and the chain analysis, I
Speaker 1: have gotten really good a ch analysis CASI is even
Speaker 1: better than me. But and Jake of course is better
Speaker 1: than both of us. He's been teaching us. But so
Speaker 1: analysis is just so fascinating because what do you see
Speaker 1: as you see people's excuse me, you see people's past sense.
Speaker 1: You see people's sins that were done many many many
Speaker 1: years ago that they thought would never be uncovered. But
Speaker 1: as blockchain analysis and channalysts has gotten stronger and stronger
Speaker 1: and stronger over time, actually some of those things are
Speaker 1: even able to be uncovered. And so finding out who
Speaker 1: did the parody have and who did some of these
Speaker 1: other hacks is it's possible now, And I can tell
Speaker 1: you one of them is top for sure.
Speaker 3: Ben would do you think this news that's going to
Speaker 3: come out is it market moving or is it just
Speaker 3: kind of a black stain? You know, Oh, you know
Speaker 3: these guys were doing this type of stuff. But would
Speaker 3: it affect prices?
Speaker 1: You think that's a great question. I think it already has.
Speaker 1: I think it already has, and people haven't realized it
Speaker 1: because there is a large amount of money. Have you
Speaker 1: ever heard of Ren dark Pool? No, so we'ren A
Speaker 1: lot of people have no idea what RN even is.
Speaker 1: It's a coin. A lot of people know. I heard
Speaker 1: of it, and then back in twenty twenty trains one
Speaker 1: it was getting pretty big, and it's that this weird
Speaker 1: kind of like you know, like fancy hashtag logo. It's
Speaker 1: not a hashtag. It's many more lines going through and
Speaker 1: it looks kind of cool. And you know the thing
Speaker 1: about it, if you don't realize institutions use Ren, how
Speaker 1: do they use it? Well, you create this thing called
Speaker 1: a wrint dark pool. And I'm not gonna explain the
Speaker 1: mechanics of exactly how it works, but what happens is
Speaker 1: is that you create the WREN that is in a
Speaker 1: pool that you put other coins into. And I believe
Speaker 1: you can think you can trade it into anything, if
Speaker 1: I remember correctly, But the pool, it gets covered by
Speaker 1: a cloud of rent and you can't see inside of it.
Speaker 1: You can't see what is being traded. And it's a way.
Speaker 1: It's the only actual, true decentralized trading other than pure
Speaker 1: peer I guess that exists. It's private, you're able to
Speaker 1: hide what you're doing, and I believe, I'm not positive,
Speaker 1: but I believe you can even do it on exchanges
Speaker 1: that have massive amounts of rent in whatever wallet you're trading.
Speaker 1: And I think I don't know well enough, but a
Speaker 1: lot of people don't know. The institutions actually use this
Speaker 1: to high what they do. Institutions have been using rin
Speaker 1: to cover up some things. And so when you look
Speaker 1: at a lot of this money that has been traded,
Speaker 1: that is being tracked, a lot of it has already
Speaker 1: been sold or has already been traced. And now people
Speaker 1: are at this point, anyone who's connected to this, which
Speaker 1: is a massive amount of people, anyone connected to this
Speaker 1: that moves anything on the blockchain right now, they're putting
Speaker 1: themselves each hat pretty big time. And I think they
Speaker 1: know that it would be much better to not touch
Speaker 1: any of this crypto that might be, you know, traced
Speaker 1: back to these ren dark pools and things. So you know,
Speaker 1: obviously institutions use them, but people can use them too.
Speaker 1: I don't. I talked to a guy Samurai. I haven't
Speaker 1: talked to him in a while, but I remember when
Speaker 1: I did when I was in the Bahamas and I
Speaker 1: did my Space FTX when I was there at the
Speaker 1: Albany that was Samurai was his room he had set
Speaker 1: up that I was in there doing that with, and
Speaker 1: he was the first person who I ever remembered mentioning
Speaker 1: these n dark pools. And so when we came across
Speaker 1: a wallet that had a ton of transactions, and we
Speaker 1: thought immediately it was an exchange call it. It may be
Speaker 1: an exchange wallet. But I went back to the first transaction,
Speaker 1: which was one hundred and one thousand transact or pages
Speaker 1: one hundred and one thousand pages of one hundred transactions
Speaker 1: on eash floor. I went back to the beginning. It
Speaker 1: was created with ETH because you have to have it
Speaker 1: to create. I think it is a RC twenty I believe.
Speaker 1: I don't quote me on that, but ETH was the
Speaker 1: first input into this address, and then it was n
Speaker 1: Rain Rain Ran and only Wren was put in for
Speaker 1: the first I think six or seven pages, so that's
Speaker 1: seven hundred transactions or so, or six to seven hundred,
Speaker 1: and then after that it's all eth And it's very
Speaker 1: interesting the way that it what I believe what it does,
Speaker 1: it breaks down into much smaller amounts and mixes those
Speaker 1: together in a way that's not considered to be money wandering,
Speaker 1: like a mixer Tornado cash or real grun those are
Speaker 1: all connected to but that's another story. Disperse app that's
Speaker 1: another one to disperse app is one that imports money
Speaker 1: from Tornado Cash. So if you ever see disperse app
Speaker 1: on ch analysis on like Arkham, you know it's connected
Speaker 1: pretty much to Tornado Cash. So you know there's a
Speaker 1: lot of these a lot of these things that are
Speaker 1: connected and they do similar things. I think they're in
Speaker 1: dark fools are actually not an illegal way to do it,
Speaker 1: So you know, that's that's very interesting. But I think
Speaker 1: that a lot of the your question was do I
Speaker 1: believe this is going to impact the markets. I think
Speaker 1: it may impact the markets in a positive way. I
Speaker 1: think in a roundabout way. The first day stuff starts
Speaker 1: to break, I'm not sure what's going to happen. But
Speaker 1: I do believe that overall, this is going to be
Speaker 1: one of the greatest things that ever happened in cryptocurrency
Speaker 1: because we are going to be removing so many bad actors.
Speaker 1: And then also, why would Jeffrey Epstein in the CT
Speaker 1: Why would Jeffrey Epstein and one of the most powerful
Speaker 1: councils in the entire world. And when you look back
Speaker 1: at all the things that he did, and you start
Speaker 1: to realize that there was a list of people who
Speaker 1: visited the island. Now Tony would asked a question, do
Speaker 1: you believe that every person who ever visited that island
Speaker 1: did horrible things?
Speaker 3: That's it's hard to answer. I would say maybe it's
Speaker 3: fifty to fifty, because I it sounds like some people
Speaker 3: are tagging alongs for this and that.
Speaker 4: But who knows, you know.
Speaker 1: I think you're right. I think it is about fifty
Speaker 1: to fifty. But here's the thing, Tony, let me give
Speaker 1: you your Let me give you two people that were
Speaker 1: on the other Chris Tucker, Oprah Winfrey. Okay, so one
Speaker 1: of the exactly bad ones be good, right, like one
Speaker 1: of the other of bad ones did statistically here, right,
Speaker 1: But here's a question, Tony, which let's let's say it's correct.
Speaker 1: Let's say they both did go, and let's say one
Speaker 1: of them was involved in about things and one of
Speaker 1: them wasn't. Which one was involved in about things?
Speaker 3: Given the demographics of what was happening here, maybe Chris Tucker.
Speaker 1: Maybe what did you hear about stuff in Hawaii with Oprah?
Speaker 1: Maybe in some burning, burning forest in or any of
Speaker 1: that stuff.
Speaker 4: No, I haven't heard about that.
Speaker 1: Well there's I don't know that this would be true,
Speaker 1: but you know, with that big fire in Hawaii that
Speaker 1: burned down to many houses and all that stuff, there
Speaker 1: were rumors that that actually traced back to Oprah Winfrey
Speaker 1: wanted to buy that property. So what I would say
Speaker 1: is there are questions about both of those people. And
Speaker 1: the thing is, that's the point, Tony. There's no way
Speaker 1: to determine which one is good which one is bad,
Speaker 1: which means that the person that's not bad now just
Speaker 1: by virtue of visiting the island not realizing what was
Speaker 1: going on, they could also be under blackmail because before
Speaker 1: the list came out and people knew who was there,
Speaker 1: these people had evidence of these people on the island.
Speaker 1: So it's a way to blackmail multiple Now do anything
Speaker 1: to do with why it's on the CFR. I'm just
Speaker 1: talking about what happened. I don't know. That's a question.
Speaker 1: I was asked why was he on the CFRY. Nobody
Speaker 1: can answer that question. I don't know why. But on
Speaker 1: a side notes was I'm saying here about this anyone
Speaker 1: who is that island is under question. And that is
Speaker 1: a means of manipulation and control in blackmail and extortion.
Speaker 1: And these are the tools that these people use. And
Speaker 1: then not only that, but they tend to make their
Speaker 1: victims feel like the guilty parties. So, oh, you know,
Speaker 1: what would people think if they knew you were there? Oh?
Speaker 1: I know you didn't know. I know you didn't know,
Speaker 1: But man, think about all the bad things that happened there.
Speaker 1: You're there? You see, That's that is one how these
Speaker 1: people operate. So, and my battery is on two percent paying.
Speaker 4: I'm gonna let you okay, So last question here before
Speaker 4: I let you go. Are you fighting anybody again? Any
Speaker 4: of the fights coming out?
Speaker 1: Yes? I I What I will say is yes, I
Speaker 1: am going to do one more fights. I Am going
Speaker 1: to do a karate fight. I'm actually going to be
Speaker 1: commentating at the at the next Off the Chain boxing
Speaker 1: event and Choking twenty four nine seeing Port in September,
Speaker 1: but I will also I'll be commentating for that. I
Speaker 1: think there might be a crying combat event there, but
Speaker 1: they're not doing a FC. And then I believe I'm
Speaker 1: still dealing with you shoulder injury. It's almost better. I'm
Speaker 1: sorry to rehab on it. Next week, I am going
Speaker 1: to fight again and I am going to fight karate
Speaker 1: and I this is what I say, hit network and
Speaker 1: choose your champion because I'm going to beat the fuck
Speaker 1: out well.
Speaker 3: I'm looking forward to those announcements and everyone check out
Speaker 3: Ben's book.
Speaker 4: Link will be in the description. Ben. Good to see
Speaker 4: a man stay well and I appreciate you.
Speaker 1: All right, thanks, Charny. I'm good a