WEBVTT 1 00:00:00.120 --> 00:00:02.520 I think we could see this break back down and 2 00:00:02.560 --> 00:00:05.759 retest just below a dollar. People in the retail are 3 00:00:05.839 --> 00:00:08.720 running for the exits because the prices are bottoming out 4 00:00:08.759 --> 00:00:09.599 all over the place. 5 00:00:09.720 --> 00:00:10.960 We got a dollar crisis. 6 00:00:11.039 --> 00:00:13.679 There's going to be a step change and inflection point. 7 00:00:13.720 --> 00:00:16.239 I believe that takes place. Paul one hundred and fourteen 8 00:00:16.280 --> 00:00:19.000 trillion in assets tokenized in less than fifty days. 9 00:00:19.000 --> 00:00:23.320 For now, the timing for this to me almost looks orchestrated. 10 00:00:30.320 --> 00:00:33.200 You've probably heard me mention Uphold before, and there's a 11 00:00:33.240 --> 00:00:36.320 reason I keep talking about them. Uphold makes it incredibly 12 00:00:36.320 --> 00:00:39.359 easy to bridge a gap between your portfolio and the 13 00:00:39.359 --> 00:00:42.520 real world. This has not been done before. Their Uphold 14 00:00:42.520 --> 00:00:45.200 debit card is the best example of that. It lets 15 00:00:45.240 --> 00:00:48.880 you spend your crypto or your cash anywhere visa is accepted, 16 00:00:49.320 --> 00:00:53.719 all while earning four percent back in XRP on every purchase. 17 00:00:53.960 --> 00:00:57.759 It's the easiest way to stack rewards on your daily spending. 18 00:00:58.079 --> 00:01:01.119 Download the Uphold app for more and get started. Welcome 19 00:01:01.119 --> 00:01:03.399 back into another XRP pod. Today is going to be 20 00:01:03.399 --> 00:01:05.840 fun because I've gotten none of the mister brad Kimes 21 00:01:05.840 --> 00:01:09.400 that will be joining me here momentarily and it's going 22 00:01:09.439 --> 00:01:10.599 to be a good one because we're going to talk 23 00:01:10.640 --> 00:01:13.959 about the news on what is driving the current market, 24 00:01:13.959 --> 00:01:17.599 and that includes a one dollar XRP. We have said it, 25 00:01:18.200 --> 00:01:20.480 and we've talked about it before of hitting one dollar, 26 00:01:20.519 --> 00:01:22.599 but it's going to be a good discussion, some good 27 00:01:22.599 --> 00:01:25.359 things and some not so good things, I think for crypto. 28 00:01:25.920 --> 00:01:29.959 We'll also touch on what's happening in DC. I won't 29 00:01:30.000 --> 00:01:33.000 bore you with clarity, but there are some things strategically 30 00:01:33.040 --> 00:01:34.680 that could affect clarity. 31 00:01:35.079 --> 00:01:37.120 We'll kind of reference that, and then. 32 00:01:36.959 --> 00:01:39.719 We'll get into some of the security risks that are 33 00:01:39.760 --> 00:01:43.439 out there across the market, including the bridge hack that 34 00:01:43.480 --> 00:01:45.439 we saw, and of course the good news that stands 35 00:01:45.439 --> 00:01:45.799 behind that. 36 00:01:45.959 --> 00:01:47.519 So stay tuned for all that stuff. 37 00:01:47.560 --> 00:01:50.079 Of course, if you guys are not part of the 38 00:01:50.159 --> 00:01:53.920 channel right now, I want you to jump over and 39 00:01:54.359 --> 00:01:56.319 maybe you're listening to this. You know you just found 40 00:01:56.359 --> 00:01:57.439 it by accident. 41 00:01:58.079 --> 00:01:58.560 You can, of. 42 00:01:58.519 --> 00:02:00.920 Course get in and subscribe to the channel. This is 43 00:02:01.000 --> 00:02:03.280 the place where you can catch it all. We are 44 00:02:03.400 --> 00:02:08.199 now sporting five hundred and forty seven thousand subs. I 45 00:02:08.199 --> 00:02:10.599 don't know that subs matter anymore. I'm looking for people 46 00:02:10.639 --> 00:02:14.120 to watch stuff and learn, so hopefully that is the case. 47 00:02:14.560 --> 00:02:18.439 Some pretty big interviews that we've had over the past 48 00:02:18.479 --> 00:02:19.039 couple of weeks. 49 00:02:19.039 --> 00:02:21.280 We also have Rebecca Wallser who's now coming on. 50 00:02:21.319 --> 00:02:24.479 Weekly for the Digital Streets, so she is on the 51 00:02:24.520 --> 00:02:28.280 show as a regular and as a partner here with us. 52 00:02:28.319 --> 00:02:31.240 So Wallser Wealth Management. You'll learn a lot about that. 53 00:02:31.680 --> 00:02:34.199 So you guys get in on it. It's the place 54 00:02:34.840 --> 00:02:37.560 to of course, catch this and more content. We also 55 00:02:37.639 --> 00:02:40.919 do some very cool things around member only content, So 56 00:02:41.000 --> 00:02:43.800 hit that joint button right there and you guys can 57 00:02:43.840 --> 00:02:48.400 get into our member only content. All right, Bringing in 58 00:02:48.479 --> 00:02:50.280 mister Brad Kimes, how are you, Brad? 59 00:02:50.520 --> 00:02:51.960 I'm doing great, Paul, how are you going? 60 00:02:52.000 --> 00:02:53.800 Nice to see you. Thank you for having You've got 61 00:02:53.840 --> 00:02:54.879 a new backdrop back there. 62 00:02:54.879 --> 00:02:57.919 It looks like an old time bar. Yes, I wish 63 00:02:57.960 --> 00:03:00.800 I had one of those in my in my house. 64 00:03:00.879 --> 00:03:02.000 I don't have one of those, you know. 65 00:03:02.000 --> 00:03:02.520 In Florida. 66 00:03:02.560 --> 00:03:03.800 We everything's white. 67 00:03:03.840 --> 00:03:06.960 And with a great record player and great speakers and 68 00:03:07.039 --> 00:03:08.639 some wonderful albums to listen. 69 00:03:08.680 --> 00:03:10.520 There you go, which albums do we have there? In 70 00:03:10.560 --> 00:03:11.159 that find? 71 00:03:11.479 --> 00:03:15.280 Oh, we could have everything anything you want. Anything you 72 00:03:15.360 --> 00:03:16.960 want from jazz to I. 73 00:03:16.919 --> 00:03:20.159 Want a nineteen sixty three stratocaster. 74 00:03:20.840 --> 00:03:21.439 You shall have. 75 00:03:23.560 --> 00:03:26.680 Anybody out there want to surprise me with a nineteen 76 00:03:26.759 --> 00:03:30.439 sixty three strat I will be happy to accept that. 77 00:03:30.840 --> 00:03:33.240 If you look at that price tag right quick before 78 00:03:33.240 --> 00:03:33.479 you do. 79 00:03:33.599 --> 00:03:35.360 I was looking on one in eBay the other day. 80 00:03:35.360 --> 00:03:38.400 It's about twelve thousand, right, that sounds about right. I 81 00:03:38.439 --> 00:03:39.199 collect guitars. 82 00:03:39.240 --> 00:03:40.759 I have a few of those hanging around. 83 00:03:41.199 --> 00:03:46.439 My favorites are, of course the stratocasters. But listen, there's 84 00:03:46.479 --> 00:03:49.000 a there's a handful hanging right over there. But one 85 00:03:49.039 --> 00:03:51.919 day I need to do a tour of my collectibles. 86 00:03:52.039 --> 00:03:52.879 You should do that. 87 00:03:53.120 --> 00:03:53.400 Yeah. 88 00:03:53.479 --> 00:03:56.199 I collect drum sets. But my wife gets so upset. 89 00:03:56.240 --> 00:03:58.039 She's like, you can only play one set at a time. 90 00:03:58.280 --> 00:03:58.639 Exactly. 91 00:03:58.719 --> 00:04:02.120 Yeah, she's how many guitars do you hang on the wall? 92 00:04:02.639 --> 00:04:06.080 You know, we don't have any more walls. You're running 93 00:04:06.120 --> 00:04:09.840 out of walls. That's okay, Well, those are some of 94 00:04:09.840 --> 00:04:11.879 the collectibles that I do. You know, We've got a 95 00:04:11.919 --> 00:04:15.639 show that where we just launched. It's called Velocity Assets. 96 00:04:16.040 --> 00:04:18.399 You guys can search it out on YouTube. It is 97 00:04:18.439 --> 00:04:21.600 a show where I actually start to reveal one of 98 00:04:21.600 --> 00:04:26.360 my other passions, which is cars. And businesses. So we're 99 00:04:26.399 --> 00:04:30.160 investing in businesses, and we also I invest in cars, 100 00:04:30.959 --> 00:04:33.279 which are modern classics. You guys can learn a little 101 00:04:33.279 --> 00:04:35.279 bit about that. If you're in the car business and 102 00:04:35.399 --> 00:04:38.800 love cars, just jump over to Velocity Assets. You'll see 103 00:04:38.800 --> 00:04:39.439 it over there. 104 00:04:40.480 --> 00:04:42.319 All right, Brad, we got to talk about a few. 105 00:04:42.160 --> 00:04:44.639 Things, and one of the big things I want to 106 00:04:44.680 --> 00:04:48.240 talk about is what's going on right now with your. 107 00:04:48.120 --> 00:04:48.800 Tweet right here. 108 00:04:48.800 --> 00:04:52.000 You had a tweet out there that said four hundred 109 00:04:52.240 --> 00:04:57.639 trillion upside. That's a lot of upside for protocols like XRP, 110 00:04:57.759 --> 00:05:01.040 and you were talking about tokenization on chain and where 111 00:05:01.079 --> 00:05:05.279 the growth is heading for XRP in general, and I 112 00:05:05.279 --> 00:05:09.519 think the Ledger. When you think about RWA's right now 113 00:05:10.240 --> 00:05:14.920 and the real possibility of growth and scale, you have 114 00:05:14.959 --> 00:05:18.480 to remember that Ripple is still one of the smaller 115 00:05:19.319 --> 00:05:23.120 holders in terms of the number of actual participants in 116 00:05:23.600 --> 00:05:27.279 Ripple or I should say, XRP, Ledger, RBA. Do you 117 00:05:27.319 --> 00:05:28.759 think what do you think it's going to take to 118 00:05:28.839 --> 00:05:31.199 grow into retail because that's mostly institutional. 119 00:05:32.040 --> 00:05:33.279 I think it's such a great question. 120 00:05:33.600 --> 00:05:37.519 Well, I think it's going to take passing the Clarity Act. 121 00:05:37.240 --> 00:05:39.399 Right, I think it's going to take that. Look. 122 00:05:39.439 --> 00:05:43.199 To me, the Clarity Act is the catalyst for this market. 123 00:05:43.560 --> 00:05:46.519 We already have the Genius Act for stable coins, and 124 00:05:46.560 --> 00:05:49.040 as Representative French Hill has said, which I think is 125 00:05:49.079 --> 00:05:52.759 so spot on, having the Genius Act and not having 126 00:05:52.759 --> 00:05:55.680 the Clarity Act is like having cell phones but then 127 00:05:55.720 --> 00:05:58.800 not having legislation for the cell phone towers. Yeah, and 128 00:05:58.839 --> 00:06:01.959 that's literally, I believe, the perfect analogy for. 129 00:06:01.959 --> 00:06:04.319 Where we are here. We need that. 130 00:06:04.199 --> 00:06:08.000 Market infrastructure, build a Clarity Act pass so then we 131 00:06:08.040 --> 00:06:11.360 can see the traditional financial companies and entities that are 132 00:06:11.360 --> 00:06:14.800 going to tokenize these real world assets and bring them 133 00:06:14.800 --> 00:06:16.920 on chain and they know that they can do it 134 00:06:16.959 --> 00:06:19.360 safely once they have legislation passed. 135 00:06:19.639 --> 00:06:20.399 Yeah. 136 00:06:20.480 --> 00:06:24.360 Well, I think the point behind RWA is when you 137 00:06:24.399 --> 00:06:26.160 look at real world app I think we're going to 138 00:06:26.199 --> 00:06:30.279 see a lot more products and projects accelerating. But I 139 00:06:30.279 --> 00:06:35.319 think the bridge for you know, XRPL to truly get 140 00:06:35.399 --> 00:06:39.000 to an RWA threshold that is going to be nirvana. 141 00:06:39.399 --> 00:06:42.360 It's somehow cracking that code on retail because at some 142 00:06:42.480 --> 00:06:46.959 point we will see retail involved in this area. And 143 00:06:47.040 --> 00:06:48.839 I think it's just a matter of time. You know, 144 00:06:49.279 --> 00:06:51.639 just look at what Flair is doing. You know, when 145 00:06:51.680 --> 00:06:53.639 you look at flaira ihead you go on last week, 146 00:06:54.399 --> 00:06:56.759 this is pretty big deal because now if you're a 147 00:06:56.800 --> 00:06:59.480 token holder, you can put all of your XRP to 148 00:06:59.519 --> 00:07:00.000 work in DEFT. 149 00:07:00.360 --> 00:07:01.560 First of all, let me ask you this. 150 00:07:02.600 --> 00:07:06.160 Do you like the idea of using your XRP and 151 00:07:06.240 --> 00:07:11.160 creating a f XRP token and using this in DeFi? 152 00:07:11.319 --> 00:07:13.920 Would you do this as a as an OG and 153 00:07:13.959 --> 00:07:14.560 with XRP. 154 00:07:15.160 --> 00:07:19.319 Well, first of all, I'm very excited about all possibilities 155 00:07:19.360 --> 00:07:22.319 to put my assets to work. Okay, So, whether we're 156 00:07:22.319 --> 00:07:26.160 talking about a FLAIR situation or a different DeFi situation 157 00:07:26.399 --> 00:07:30.519 like maybe Lantern right or somebody like that, being able 158 00:07:30.560 --> 00:07:33.399 to take my assets and put them to work are 159 00:07:33.560 --> 00:07:35.439 absolutely mission critical for me. 160 00:07:35.800 --> 00:07:39.399 And actually, to go a step further, it is like the. 161 00:07:39.240 --> 00:07:42.839 Final one of the final steps of being in this 162 00:07:42.959 --> 00:07:48.399 digital asset space. Look, I'm here to create generational wealth, right, 163 00:07:48.480 --> 00:07:50.879 and not just I don't want to just get wealthy. 164 00:07:50.920 --> 00:07:54.319 I want to create generational wealth and actually doing that 165 00:07:54.519 --> 00:07:58.759 means putting your assets to work for you and being 166 00:07:58.759 --> 00:08:01.040 able to turn around and chase other things that have 167 00:08:01.079 --> 00:08:02.319 an ROI as well. 168 00:08:02.560 --> 00:08:05.800 And whether it look whether it's Flair, whether it's Lantern. 169 00:08:06.120 --> 00:08:09.680 I think these options that are coming to market are 170 00:08:09.759 --> 00:08:12.480 going to be the way that you really unlock retail, 171 00:08:12.519 --> 00:08:15.000 as you said, but look, I'll go a step further here. 172 00:08:15.360 --> 00:08:19.160 Flair actually is set up also to serve the institutional side, 173 00:08:19.519 --> 00:08:22.600 and I would remind people as well with XRP. Look 174 00:08:22.639 --> 00:08:26.680 at Ripple Prime. Look at the last couple acquisitions that 175 00:08:26.720 --> 00:08:30.639 were made by Ripple g Treasury and Hidden Road now 176 00:08:30.720 --> 00:08:35.159 rebranded to Ripple Treasury and Ripple Prime. That is sixteen 177 00:08:35.440 --> 00:08:40.759 trillion dollars in actual volume done every year that is 178 00:08:40.879 --> 00:08:44.120 now under Ripple's umbrella. Now, I know that they haven't 179 00:08:44.200 --> 00:08:48.519 used digital assets up until now, but that sixteen trillion 180 00:08:48.639 --> 00:08:52.639 now lives under Ripples umbrella. So it's really again comes 181 00:08:52.679 --> 00:08:55.879 back to this catalyst being able to use these assets 182 00:08:56.200 --> 00:08:58.279 and then you start to see them going to work, 183 00:08:58.320 --> 00:09:01.279 and I think that's what unlocks the entire well. 184 00:09:01.320 --> 00:09:03.399 And it's just a matter of time because we're seeing 185 00:09:03.960 --> 00:09:08.320 I was just on a conference yesterday with some partners 186 00:09:08.320 --> 00:09:13.279 that we work with, and the amount of innovation that 187 00:09:13.440 --> 00:09:17.799 is coming to us. It boggles the mind of where 188 00:09:17.840 --> 00:09:20.759 we're going to see new products, new services and It's 189 00:09:20.799 --> 00:09:25.120 not going to be long before we are completely pulled 190 00:09:25.159 --> 00:09:28.240 away from the traditional finance system. That's why I think 191 00:09:28.279 --> 00:09:32.080 this fight has been so bloody in DC is that 192 00:09:32.320 --> 00:09:34.240 I think they know it's coming and it's just a 193 00:09:34.240 --> 00:09:36.879 matter of time. And now you've got we'll talk about 194 00:09:36.919 --> 00:09:40.399 the SEC canceling their meeting of why with all that, 195 00:09:40.519 --> 00:09:42.320 but I think it's just a matter of time to 196 00:09:42.360 --> 00:09:44.720 your point be where we see this unlock start to move. 197 00:09:45.000 --> 00:09:48.159 Speaking of that, you've got an unlock happening right now. 198 00:09:48.200 --> 00:09:49.240 You've got whales. 199 00:09:48.879 --> 00:09:55.000 Accumulating seventy two million tokens in twenty four hours. This 200 00:09:55.080 --> 00:09:57.679 is a very interesting point because we had XRP hit 201 00:09:57.679 --> 00:10:01.679 its weakest since November. The sentiment is way down on 202 00:10:01.879 --> 00:10:05.159 XRP right now. And then I had Gareth Soloway on 203 00:10:05.279 --> 00:10:08.960 our show, the main Show this week, and he gave 204 00:10:09.639 --> 00:10:14.159 SRP a bullish rating because he liked the fact that 205 00:10:14.200 --> 00:10:17.720 he thought this was the point where XRP would start 206 00:10:17.840 --> 00:10:20.360 its rise again. And that is holding around this one 207 00:10:20.440 --> 00:10:24.399 dollar market did dip below the other day slightly, But 208 00:10:24.879 --> 00:10:26.919 what do you think defense at one dollar or do 209 00:10:27.000 --> 00:10:28.399 we see this break. 210 00:10:28.639 --> 00:10:31.080 You know, I think we could see this break back 211 00:10:31.120 --> 00:10:33.159 down and retest just below a dollar. 212 00:10:34.200 --> 00:10:35.240 Now, you know, I'm not. 213 00:10:35.200 --> 00:10:37.440 A technical charts guy. I do cover it on my 214 00:10:37.559 --> 00:10:40.399 channel and those types of things. But just looking at 215 00:10:40.600 --> 00:10:44.879 history's pass with XRP, there have been a certain amount 216 00:10:44.919 --> 00:10:48.279 of touches, three or four touches where it comes back 217 00:10:48.320 --> 00:10:51.759 to that baseline, and it is so very close to 218 00:10:51.879 --> 00:10:54.639 doing so again where we sit right now, and if 219 00:10:54.639 --> 00:10:56.919 you look at the fundamental news where. 220 00:10:56.720 --> 00:11:00.440 We are exactly we don't have the Clarity Act. We don't. 221 00:11:00.440 --> 00:11:02.519 We got them. Everybody went the recess. 222 00:11:02.639 --> 00:11:05.120 So do you have this downward pressure just in the 223 00:11:05.200 --> 00:11:08.000 fundamental news that kind of supports the idea that we 224 00:11:08.039 --> 00:11:10.120 could go a little lower before. 225 00:11:09.799 --> 00:11:11.279 Things bottom out and turn around. 226 00:11:11.519 --> 00:11:13.240 Well, you got a hedge too, guys. 227 00:11:13.440 --> 00:11:17.240 If you're anticipating clarity and going through what a great 228 00:11:17.279 --> 00:11:19.559 time you know this is if you are not an 229 00:11:19.679 --> 00:11:23.279 XRP getting exposures, you know, because we know, I think 230 00:11:23.320 --> 00:11:25.679 the market knows XRP will be one of the major 231 00:11:25.720 --> 00:11:30.120 winners just because of ripples positioning in DC. And if 232 00:11:30.159 --> 00:11:33.320 it doesn't go through, there may be some alternatives here 233 00:11:33.399 --> 00:11:34.960 that start to move beyond. 234 00:11:35.559 --> 00:11:37.159 One of those could be this right here. 235 00:11:37.159 --> 00:11:40.159 Because Canada, of course one of their big banks now 236 00:11:40.200 --> 00:11:45.080 moving into SRPA of the Bank of Montreal, another major 237 00:11:45.200 --> 00:11:49.960 Canadian bank, to disclose XRP exposure. And I don't think 238 00:11:50.000 --> 00:11:52.279 it's going to be very long. And we've talked about 239 00:11:52.320 --> 00:11:57.000 the Japan news, I think enough. But what's happening in Japan, 240 00:11:57.279 --> 00:12:00.759 what's happening in other countries. I think South America has 241 00:12:00.879 --> 00:12:03.720 got some things brewing right now. I won't say too 242 00:12:03.840 --> 00:12:07.080 much about that, but there are some very interesting moves 243 00:12:07.120 --> 00:12:09.080 getting ready to happen in South America. 244 00:12:09.120 --> 00:12:11.840 I think that will be related to XRP. So what 245 00:12:11.919 --> 00:12:12.399 do you think? 246 00:12:12.440 --> 00:12:16.639 Do you think this is just we win regardless clarity, 247 00:12:16.720 --> 00:12:19.679 no clarity, there's just too much adoption happening. 248 00:12:20.679 --> 00:12:22.240 Well, it's a great question. Again. 249 00:12:22.600 --> 00:12:25.039 Look, I think where we're at here is we can't 250 00:12:25.039 --> 00:12:27.279 lose sight of the fact. Look to your point about 251 00:12:27.559 --> 00:12:29.360 the news here from the Bank of Montreal. 252 00:12:29.759 --> 00:12:30.679 This goes back to. 253 00:12:30.960 --> 00:12:34.440 A years year's deep relationship with RBC, Royal Bank of 254 00:12:34.480 --> 00:12:36.759 Canada and Ripple, And we're talking about going back to 255 00:12:36.799 --> 00:12:39.519 like twenty fifteen, right, Like this is a long time 256 00:12:39.559 --> 00:12:43.440 ago we're talking about these relationships. So Ripple has been 257 00:12:43.480 --> 00:12:47.639 working to build this infrastructure for almost fifteen years now, 258 00:12:47.960 --> 00:12:51.159 so they have deep relationships, whether it's the Bank of Montreal, 259 00:12:51.200 --> 00:12:54.120 the Royal Bank of Canada, or many other banks, including 260 00:12:54.159 --> 00:12:56.559 the Federal Reserve and the Faster Payments Task Force right 261 00:12:56.600 --> 00:12:59.320 here at home in the US. What I would really 262 00:12:59.360 --> 00:13:02.159 point to Paul for people to not get lost on 263 00:13:03.039 --> 00:13:07.240 is the idea in understanding that the DTCC has Ripple 264 00:13:07.320 --> 00:13:11.000 Prime smack dab in the middle of that tokenization live 265 00:13:11.360 --> 00:13:13.240 experiment and approach that's happening. 266 00:13:13.240 --> 00:13:15.320 It's not even experiment, it's just live production. 267 00:13:16.080 --> 00:13:19.200 And we need to remember that the DTCC has been 268 00:13:19.279 --> 00:13:22.559 issued a three year no action letter from the SEC. 269 00:13:23.399 --> 00:13:26.679 So this great here that tells that's catalysts right there 270 00:13:26.720 --> 00:13:26.960 to me. 271 00:13:27.519 --> 00:13:28.480 And all we. 272 00:13:28.399 --> 00:13:32.480 Need to see is the approval of Pointing to the 273 00:13:32.519 --> 00:13:36.039 SEC meeting that's been rescheduled. Here, it was rumored that 274 00:13:36.080 --> 00:13:38.879 they were going to come out and suggest that or 275 00:13:38.960 --> 00:13:44.559 open the door for everyone to tokenize on chains like Stellar, Solana, 276 00:13:44.759 --> 00:13:48.919 XRP Ledger and entities like that, and start using tokenized 277 00:13:48.960 --> 00:13:53.039 stocks and bonds on chain. Now that meet has been rescheduled, 278 00:13:53.039 --> 00:13:55.039 so we don't know if that was actually going to 279 00:13:55.080 --> 00:13:57.639 be the meet of the meeting, but you start thinking 280 00:13:57.639 --> 00:14:01.879 to yourself, if it was right. That looks to me 281 00:14:01.960 --> 00:14:04.320 like putting an immense amount of pressure on the Senate 282 00:14:04.360 --> 00:14:05.080 to pass. 283 00:14:04.840 --> 00:14:05.639 The Clarity Act. 284 00:14:06.000 --> 00:14:08.120 And it also looks to be setting the stage for 285 00:14:08.159 --> 00:14:10.840 the fact that the SEC has already given a no 286 00:14:10.960 --> 00:14:14.080 action letter to the largest clearing and settlement platform in 287 00:14:14.159 --> 00:14:17.399 the world of token stocks and bonds. So to me, 288 00:14:18.039 --> 00:14:21.240 we're sitting here plugged in and people in the retail 289 00:14:21.559 --> 00:14:24.440 are running for the exits because the prices are bottoming 290 00:14:24.480 --> 00:14:25.519 out all over the place. 291 00:14:25.919 --> 00:14:27.799 But the truth is it's like we're. 292 00:14:27.639 --> 00:14:30.559 Seeing more adoption we set up and put in the 293 00:14:30.600 --> 00:14:31.519 gate ready to go. 294 00:14:31.840 --> 00:14:35.720 That's a very good point because this is what we 295 00:14:35.919 --> 00:14:38.440 have seen over multiple cycles. 296 00:14:38.679 --> 00:14:42.159 Yes, these last few months. 297 00:14:42.000 --> 00:14:46.600 Of a bear market typically are unfortunately the most damaging 298 00:14:46.679 --> 00:14:50.320 to retail because in most cases retail just don't have 299 00:14:50.519 --> 00:14:54.360 they don't have the wherewithal to really weather these kinds 300 00:14:54.399 --> 00:14:57.000 of markets. And hey, listen, this happens in regular stock 301 00:14:57.039 --> 00:14:59.080 markets too. Don't get me wrong. This is not a 302 00:14:59.120 --> 00:15:01.559 just scrypto thing. It happens in gold. If you look 303 00:15:01.559 --> 00:15:02.919 at the gold chart, I'll bring it up in a 304 00:15:02.919 --> 00:15:07.879 little bit. All of these get a little bit of 305 00:15:07.960 --> 00:15:11.440 I think correction, and we may still see another correction here. 306 00:15:11.480 --> 00:15:13.960 So don't don't think you're out of the blue completely. 307 00:15:14.519 --> 00:15:16.440 But I just look at all of the things that 308 00:15:16.480 --> 00:15:20.159 are happening back to your point fundamentals, the amount of 309 00:15:20.240 --> 00:15:22.879 runway that's being created. This was a piece I just 310 00:15:22.919 --> 00:15:26.080 put out yesterday or now. Actually I just dropped this 311 00:15:26.080 --> 00:15:30.360 this morning. And Rakkoton, which is a company I've worked 312 00:15:30.360 --> 00:15:34.080 with in other industries, because they're very tied into retail. 313 00:15:34.720 --> 00:15:37.159 These guys are like the Amazon of Japan. They now 314 00:15:37.360 --> 00:15:42.000 are connected directly and this is a widespread consumer payment 315 00:15:42.600 --> 00:15:47.039 platform called raccoton Pay, which is huge, it's like forty 316 00:15:47.039 --> 00:15:49.200 four million. But again this is because they are so 317 00:15:49.360 --> 00:15:52.679 tied into what's happening in Japan, and Japan of course 318 00:15:52.759 --> 00:15:55.519 is don't get me going on Japan, where there's a 319 00:15:55.559 --> 00:15:58.840 lot more happening over there. But this just goes to 320 00:15:58.879 --> 00:16:01.120 your point. It's just a matter of time before this 321 00:16:01.279 --> 00:16:05.639 all starts tumbling in on the market and everybody you know, 322 00:16:05.720 --> 00:16:08.279 won't It won't matter where the price is, because I 323 00:16:08.320 --> 00:16:11.519 think the market is going to correct accordingly, you know, to. 324 00:16:11.559 --> 00:16:14.840 Speak further to your point here, you know, I think 325 00:16:15.480 --> 00:16:19.120 I think you know two of the biggest key factors 326 00:16:19.159 --> 00:16:22.480 for XRP price to go up, specifically because this is 327 00:16:22.480 --> 00:16:26.919 a utility asset, a bridge asset, a payment asset, however. 328 00:16:26.679 --> 00:16:29.759 You like to refer to it. You know, a utility token. 329 00:16:29.879 --> 00:16:32.360 You know, when you think about something that has actual 330 00:16:32.519 --> 00:16:35.799 use case utility. I got to be honest, you know, 331 00:16:35.879 --> 00:16:39.879 like when I start looking at the real total addressable market, 332 00:16:39.960 --> 00:16:42.960 what's really sitting in front of us, it's quite massive. 333 00:16:43.039 --> 00:16:45.480 Like I mean, just to the point when you opened up. 334 00:16:45.440 --> 00:16:47.639 The show you talked about securitize this tweet, when they 335 00:16:47.679 --> 00:16:51.559 talked about four hundred trillion dollar opportunity for real world 336 00:16:51.639 --> 00:16:55.480 asset tokenization. The market that sits in front of us, 337 00:16:55.519 --> 00:16:57.360 and it will be a multi chain world. 338 00:16:57.440 --> 00:16:59.320 I absolutely sure, you know. 339 00:17:00.360 --> 00:17:04.559 But this opportunity that sits specifically in front of assets 340 00:17:04.599 --> 00:17:08.160 with utility like XRP is just absolutely massive. 341 00:17:08.319 --> 00:17:09.000 Yeah, it is. 342 00:17:10.359 --> 00:17:15.039 It's pretty insane. Kudos to ever North. They of course 343 00:17:15.079 --> 00:17:19.880 went in and repriced obviously for current pricing regions because 344 00:17:19.960 --> 00:17:22.440 or reasons, because they originally had their deals stuck in 345 00:17:22.480 --> 00:17:26.200 at around two thirty. Now token trading at a buck. 346 00:17:26.279 --> 00:17:28.799 So I think this just shows you the consistency of 347 00:17:28.839 --> 00:17:32.039 whatever North was trying to do. Good Actors like this 348 00:17:32.240 --> 00:17:35.160 I think are out there going, hey, no problem, we'll understand, 349 00:17:35.200 --> 00:17:37.720 we'll ebb and flow with the market here. It's just 350 00:17:37.759 --> 00:17:39.680 a matter of time before we see this start to 351 00:17:39.720 --> 00:17:41.079 really change up. 352 00:17:41.160 --> 00:17:41.960 So get ready. 353 00:17:42.920 --> 00:17:46.640 I think that kind of faith just to me, that 354 00:17:46.759 --> 00:17:48.359 shows even more faith. 355 00:17:48.200 --> 00:17:50.799 In the projects that we're seeing right now. 356 00:17:51.200 --> 00:17:55.880 Do you see more whales buying in right now or 357 00:17:56.200 --> 00:17:58.440 do you think people are still on the sidelines. 358 00:17:58.799 --> 00:17:59.160 I do. 359 00:17:59.519 --> 00:18:02.240 I see more whales buying right now. I just covered 360 00:18:02.240 --> 00:18:05.720 in an article where we saw more buying over the 361 00:18:05.799 --> 00:18:10.680 last few weeks from whale accounts and those size of wallets. Look, 362 00:18:10.839 --> 00:18:15.799 I think the number is seventy four percent plus of all. 363 00:18:16.200 --> 00:18:20.079 I think it's out of the one million wallet holders 364 00:18:20.440 --> 00:18:25.079 of XRP, seventy four point one percent of the total 365 00:18:25.119 --> 00:18:26.799 circulating supply is locked up. 366 00:18:27.400 --> 00:18:27.559 Now. 367 00:18:27.599 --> 00:18:30.799 That's happening during a down market, right And I want 368 00:18:30.799 --> 00:18:32.519 to speak to the point that you've made about ever 369 00:18:32.599 --> 00:18:35.200 North very quickly, because what a great company I think 370 00:18:35.279 --> 00:18:38.519 is lying in the weight there now. Going back to 371 00:18:38.599 --> 00:18:41.839 October twenty five is all time highs. We saw the 372 00:18:41.960 --> 00:18:44.839 market crash and we saw a lot of digital asset 373 00:18:44.920 --> 00:18:48.720 treasuries go bust, and I believe the reason for that 374 00:18:48.880 --> 00:18:51.799 is is because those digital asset treasuries, majority of them 375 00:18:51.839 --> 00:18:54.279 have bitcoin in them. Now I hold bitcoin in an IRA, 376 00:18:55.000 --> 00:18:56.359 so don't send me to hate mail. 377 00:18:56.680 --> 00:18:57.839 But I'm just saying that. 378 00:18:57.960 --> 00:19:02.839 You know, these digital asset treasury didn't hold utility style assets, 379 00:19:03.519 --> 00:19:04.440 and that's the difference. 380 00:19:04.480 --> 00:19:05.880 That's why I call them dogs. 381 00:19:05.960 --> 00:19:08.079 If you want a digital asset treasury to live, you 382 00:19:08.119 --> 00:19:12.240 need a DAUT which is a digital asset utility treasury. 383 00:19:12.640 --> 00:19:15.240 And that's why I believe ever North is going to live. 384 00:19:15.279 --> 00:19:17.440 That's why they made the change they did to back 385 00:19:17.480 --> 00:19:20.559 a share price and I believe that that over time 386 00:19:20.799 --> 00:19:23.319 really speaks, like you said, in good faith of standing 387 00:19:23.319 --> 00:19:26.559 behind the asset and the products you're offering. It lets 388 00:19:26.680 --> 00:19:31.480 everybody know that going forward, this asset has utility and 389 00:19:31.640 --> 00:19:35.079 it will it will survive because it has the value 390 00:19:35.160 --> 00:19:38.319 within its utility. That is what was missing from the 391 00:19:38.359 --> 00:19:40.359 first round of digital asset treasure. 392 00:19:40.400 --> 00:19:43.200 Well, to your point is the utility component I think 393 00:19:43.319 --> 00:19:47.880 is going to start to become a major recognizing point 394 00:19:49.000 --> 00:19:54.640 and probably one of the tier one decision tree asset 395 00:19:55.079 --> 00:19:58.440 considerations that all of the major investors are going to 396 00:19:58.440 --> 00:20:00.400 look at you know, how you know, how's it, what's 397 00:20:00.400 --> 00:20:04.240 the utility use case? What is there a potential opportunity here, 398 00:20:04.279 --> 00:20:07.000 which I think eventually we're going to see some staking activity, 399 00:20:07.079 --> 00:20:10.240 just like what we see on eth around some of these. 400 00:20:10.160 --> 00:20:14.559 Dots, and that will change the game as well. 401 00:20:14.720 --> 00:20:19.400