Thanks Lewis! We definitely need to do another video together soon to talk about ways people can protect their wealth that they generate from #XRP and other digital assets.
I think the sec brought the case against ripple to suppress the price for the banks to accumulate as much as possible and to scare retail out. Imagine the bags they hold now that they was able to buy at .35 for 2 years.
I believe the international players will stay in XRP rather than converting to national currency unless they need to. The national currencies will only be useful for a local economy, and some nations may choose to only use XRP if they don’t have a robust local economy. Holding means scarcity.
Eighteen months ago MY head exploded. I realized what you are discussing. I imagined a large transfer of 10 to 100 million bucks. Cannot be done with XRP without a huge rise in value. I first thought of 10K. It could be fractionalized down to less than a penny but still have a huge price. It will go much higher than 10K when it matures. Good job Lewis.
XRP in the market when it gets up and running as planned will create its own negative feedback loop which will stabilize its price. The lower the spot price the more coins are needed for transactions because you’re buying more coins it raises the spot price. That’s a negative feedback loop
Lewis, the other very exciting thing is that with each transaction using XRP, a small amount of XRP is destroyed. This makes XRP deflationary. No more XRP can be created. This makes it even more valuable over the long term.
BTW - XRPcharts had a $350T "glitch" today. Could they possibly be testing the system? If a $100 Bitcoin makes a $1M purchase inefficient, what price would be needed to move trillions per day? Not a fair comparison, but the price of XRP will need to increase considerably.
Hi Lewis. First off, you are an awesome source of info and you're extremely articulate. Thank you for that. Here's a sort of negative theory to answer your question. Maybe they already ARE accumulating XRP, but they're doing it on a steady, slow basis and not in big blocks of buys, and they along with the SEC case are keeping the price low through manipulation. I hope this is not the case because we all expect that a favorable SEC ruling will make XRP move like a scalded dog because of buying. What if most of the institutional buying is already being done right now at 35 cents, but we can't see it due to manipulation? It's how they play in the stock market.
If xrp reaches $10K, people like Chris Larsen who owns 5+Billions xrp will become USD 50+Trillionaires. That means people like him will be the richest person in the history of mankind. Is that possible?
There will be many trillionaires. I think a lot of people in the XRP community don’t understand how much the world is going to change. Forget comparing the future to the past.
I am confused about price of XRP. BlockchainBacker says the fibs are at 7$,11$,22$ that would engulf BTC/ETH marketcap. 11$ would make XRP marketcap to 1 Trillion. And above that 100$ would bring marketcap to 10Trillion that close to World Gold Marketcap (14T). We XRPhodlers want to know when to sell exactly.
Ach moves 30 b transaction with volume of 73 t. I've done the math. For xrp to move ach volume it will have to be a minimum price of 2000. That's just ach.
My understanding is that Ripple sources the liquidity. On Demand Liquidity is the payments and settlement suite. Institutions do not need to hold XRP. Thanks for the vid! :)
Yeah that’s my understanding also. Companies like Uber can use ODL instead of buying large quantities of XRP. The price still needs to be high to cater for the sheer number of (and price of) transactions around the world. 😎
One thing i can't understand about XRP is that why would corporations will use XRP to transfer money to cross-border while they can use stable coins. Stable coins are at fixed price and also decentrelized which is whole point of the crypto. Can you please enlighten me about this if you have any information ?
XRP Holders primarily contribute by reducing the quantity of available coins, while the driver for price is their usage. The inactive coins affect the market by diminishing the number of usable coins, consequently increasing the price. Conversely, when there is extensive usage, a larger number of coins are used, resulting in a significant price increase. This surge in price eliminates the necessity for additional coins. Hence, when the switch is flipped, our held coins rise substantially due to limited coins. The rising price also serves as a means to provide liquidity. This is my understanding of the concept.
I'm glad you understood that XRP price must be very very high so that it does not affect its price ! I understood this a long time ago as I have a financial background...
Isn't XRP currently in use? Of course, I'll seek out the answer myself, but it is also still trading around 0.40 USD as of October 2022. It will be interesting to see what happens near the end of Nov. 2022 with the beginning of the ISO 20022 implementation, particularly for the XRP, XLM and XDC.
Im currently holding 15k of usdc..I was initially waiting for btc going a little lower but now Im starting to lean toward xrp.15k would buy me a nice little bag at 35 cents or so.What do you think?
If you have the capital, buy as MUCH XRP as you can, HODL and wait for these explosive prices, the new financial reset is here. Ripple is partnered with the World Economic Forum (WEF), very powerful people in play here. After this lawsuit and it gets listed back on the exchanges, the average person will not be able to afford it. The world WILL BE running on it, the Philippines, Thailand and Japan are already using it. Just put it this way, I hold well over 100K+ XRP. This one asset will create generational wealth for many, be BLESSED its only at $0.47 as of today.
Thank you for doing so much research! I purchased a few years ago and believe XRP is our future. Court case is drastically impacting price and purchase options but believe everything should be settled by August, 2023.
Hi Lewis, If Ripple is to be adopted by banks and institutions, one of the main ripplenet and XRP use cases would be NFTs and federated chains! as Brad galinghouse mentioned repeatedly "Tokenized Economy" ex. land registration, ownership of different hard assets, cars,... etc. Someone might ask how does that work? The transfer of asset ownership between people and entities would happen through exchanging the corresponding NFTs between the parties, easily verifiable on the xrpledger for complete transparency. That would potentially lock huge amounts of XRP in those NFTs and send the price to astronomical levels. The potential is beyond comprehension in all industries. IMHO
How much XRP are u holding? And are u planning on purchasing more? I fully understand if you tell me none of ur business. I hold XRP, XLM, XDC, CSPR, HBAR, VET, ADA, Matic, QNT, Shiba, ALGO, DASH, Siacoin, Tectonic, NEO, gold and silver. Can you do updates on the above?
The whole idea of ODL is that large institutions (or small ones for that matter) do not have to hold XRP. You are very close but misunderstand what the purpose of ODL is. The whole idea is you do not need nostro and vostro accounts anymore, ODL takes care of that. Almost 30 Trillion dollars are tied up in the old nostro vostro SWIFT system. There are some institutions that will want XRP on the books, but the majority of the financial system of the future will run on ODL. Derivatives market will get us to 4, 5 or maybe 6 digits by itself.
Great vid. It all makes sense. 1 thing though, with the Uber example. Uber will purchase XRP from Ripple themselves. Remember, there is half of the supply in circulation which WAS dispersed by Ripple to be sold on the secondary market to retail investors. In my mind, the escrow will be used up and dispersed to institutions and cause a supply shock. About 50% is on the open market, and the other 50% is in escrow. Just imagine when all these institutions start buying it all up. The price per XRP will rocket.
Wouldn’t Xrp be centralised if banks use it? If so I can imagine the government can control our credit score and freeze our digital currency and dictate if we get paid or not
I mean, it does sound amazing and getting me excited as a XRP holder but, isn't this a potential fatal feasibility point? I mean, maybe the fact that the price needs to be so high is the reason why it is not viable at all ... I hope that's not the case of course
No they can but they dont need to hold any. Because the On demand liquidity. It will need to be high but it doesnt matter because the price is locked in and the xrp goes back to the ODL once the transaction is done. Banks are not using it because it wont be implemented until 2025 its not set up yet. They are still forming partnerships and setting up nodes
Hope you have right:) But if xrp goes to 10,000$, the market cap will be over 500 trillion dollars and why should the banks hold on to their coins if they have 10,000X on them? Can you talk a little about this :) Hope you are right about xrp, it would be nice if xrp reaches that level :)
I've always thought similar a bank doesn't need to hold all the money to operate. Xrp is moving volume is in the high billions and uts only 0.45c you could move trillions of dollars in volume a day and it only needs to be like $10
But if bank a buys xrp for 1 bil. And tranfers these amount of xrp to bank b. Then bank b sells it for a lot more money. Because that 1 bilion changes the price of xrp too much. So a small xrp price cant be right
hey man thanks for a fire Video, GJ! my question is: do you think this will happend like from 1 day to another or is there still time to buy up XRP this year and next year ?`:) thanks again
It's not meant to move fiat currencies but CBDCS. It will be the only regulated cryptocurrency. It may be deemed a currency or a commodity. For them to shake out retailers, let it drop to cero so they can have all xrps backed by gold. 4 digit xrp overnight
My question comes to, if I'm holding XRP how do I benefit unless I hold out and sell at the price sometime in the future? Or, if I hold for example 8,000 XRP,, will I get a monthly/quarterly dividend?
I need you to explain me something it makes me very confused. Many influencers and experts say that there is no coin can surpass the global market cap , so how can you explain me please that the XRP can break this "rule" . I hope to understand me well ,my english is modest . Thank you
Don't forget that XRP gets burned during transactions and it required the open an account. This will lower the amount in circulation, especially once everything is released from the Escrow acount
This comment is post SEC ruling and obviously the price did not go to the moon. I saw a recent video in which someone explained something similar to what you just stated, which make sense. However, he went on further to explain that the XRP that we purchased from the exchanges were retail purchases, which is why the SEC ruled the way it did. And that the XRP that banks would use would be somehow be different and thus we will never realize the gains that will drive up the price of XRP. He says only the Banks will hold the XRP with the high value. He explained that there will be a front end and back end in this transaction process and the back end (which will be the bank) will have a high stable price coin. But the front end retail holders will not realize those gains. I am not sure that I am fully explaining this correctly, but it was something to that effect. And when I heard it, it unfortunately kind of made sense. Any insight or thoughts on this? Thanks.
Price goes astronomical when they collateralized gold-silver iridium Palladium natural gas oil weed corn fertilizer iron all the natural Metals when they go on to The Ledger then that becomes the price of The Ledger in / 100 billion
Great job man.... I am so exited too cause I know what is coming. Although I believe it will not be easy. Somehow we will have to be so careful with our bags
I am extremely bullish on XRP myself brother but you missed one thing Ripple uses the XRPL to move large amounts of money. The XRP on the XRPL is not on the open market and doesn't effect the XRP on the open market. I do believe XRP will go up more than most understand but not for the reasons you mentioned.
which other one is doing the same as xrp and ripple? and how soon will it be before some one else sets up the same thing better and cheaper in opposition?
what are your thoughts on QNT? Interested to see your point of view since QNT has remained a token that stayed the same for a long period of time. Does that mean it will boom in the near future.
I think the Uber example isn't quite right. The way you explained it means that Uber would tie up a lot of capital, which is not what XRP is about. My understanding is that if Uber signs up to RippleNet, Ripple will freely pre-load the Uber wallet with a large amount of XRP. It's only when Uber actually utilises some of the XRP that it will be billed for it- 'Liquidity on demand'.
The same would apply for several other ISO20022 compliant tokens that already began working on CBDC testing, Trade Finance, Carbon Credits and Stable Coins (USDC) on respective networks for payment transactions...XLM, Hbar, and XDC. I'm not saying that these other tokens previously mentioned will be $10k, but they will also need to be at MUCH higher price.
The one thing you’re missing is that whatever percentage of the global economy that ripple acquires with a limited amount of XRP, the XRP hasta be worth at the minimum enough to handle all of those transactions. So it has more to do with the amount of XRP available, and how much of the global economy is running through ripple in XRP.!
If what you describe is accurate. I do not see how even a negative SEC ruling would impact Ripple in the long run. As the Ripple execs have pointed out. Ripple Labs as a business shas been growing at a phenomenal rate, gaining market share and new customers. Proving that XRP is a solution that will have wide scale adoption. Because in the long run, the American financial system will be left out in the cold. Like when the Americans convince the global financial institutions to block a country from the SWIFT system.
I really enjoy your channel and I share your enthusiasm for XRP. But isn't it true that Ripple has said that they will basically "lease" XRP to institutions for the 3-5 seconds that they need it for a transaction? If so, that would seem to be a massive barrier to a price increase being caused by an increased demand for XRP. Ripple can lease the same XRP to clients 17,280 times per day (assuming 5 second transaction times). They hold about 50B XRP at the company and in escrow, so at current prices, they could move (50B*0.49 [the current price]*17,280) 423.36 Trillion dollars per day without affecting the price if done in increments of 24.5B per transaction. How is that not a huge damper on price appreciation?
This is an excellent question I also have and would love to see addressed. If true, perhaps XRP will be less of a massive money dump in appreciated value and more a matter of a slow crawl dividend yield assuming you could park your coins in some financial intermediary for lease?
Good question. I thought I heard Brad talk about selling large amounts of XRP directly to say a financial institution at a slight discount for use to move large amounts of value and once the XRP is moved Ripple would buy back all or some of the the XRP at market price.
You're premise to your argument is that ripple will lease xrp to institutions. They won't. And why would the institutions lease it when they can own it.
@@Jerrywalnut117 I saw that idea in an old paper by Ripple (4 yrs old, or so). That paper is not longer on the Ripple website. I think the "leasing" idea has replaced it to address concerns about volatility
To answer why institutions aren’t going ham on buying in right now, consider many are regulated under the financial side and so won’t get involved in a global system while a major country is still deliberating. Essentially yes it’s the lawsuit and financial uncertainty due to lack of US regulation
I agree with you and great video, however I didn't hear you mention market cap, the current US Dollar market cap is 20 trillion roughly, if ripple goes to $20 it is even with the US Dollar, I understand they will keep printing so lets say we get to $40 trillion for the US Dollar which we will, and XRP gets half the market cap after this SEC debacle, putting it at $20...how does it get past that to $10,000, I'd love to hear EVERYONES thoughts on this, long live XRP!
Not only all the fiats & values will factor in, possibly all the debt as well. $10k XRP will be just getn started. Marketcap has nothing to do w/ price honestly. It's supply + estimated demand & expected future value.
@@Mbklwb Fiat or any type of "financial decree" will always exist whether or not its on paper or in digital form. Fiat is just another measure/score that we/most envision in its paper form. Imo, it won't change much if fiat goes. Credit cards are the most used form across the globe anyway.
Not sure if I caught your last comment about XRP in Canada....But YES....You CAN buy XRP in Canada at about .60 CANADIAN. NDAX is pretty simple for those wanting to enter the market IMHO.
So check me if I'm wrong.... if this is the case then will there not need to be a much higher level of XRP in circulation... Like Trillions and Trillions?
Excellent vid Lewis. I have positions in Ripple, XRP n XLM. A couple of questions…1) in your research have run across any info about Ripple eventually being considered a stock or maintaining its position as a Holding company for XRP n XLM and 2) you have not mentioned XLM, is this token on your radar or are you staying laser focused on XRP?
With the XRP case being rules as not a security for Retail and it IS a security for institutional buyers. Does this change your understanding of this at all?
Hi Lewis, So how will we benefit from XRP, (apart from the price action) If it goes to 10k maybe you want to sell some, but what to do with the rest you hold?
Honestly I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps,narrowly avoiding a long-term bear market. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 12 btc from day tradng with Bradley James Holly insights and charts. He been one step ahead of other analysis..
If institutions must buy and hold XRP, doesn’t this contradict the primary XRP selling point; the elimination of Nostro/Vostro account holdings of large institutional banks and freeing up that liquidity? This proposal, in my understanding, locks away that liquidity yet again.
Fiat and Digital Asset value can’t be 1 to 1. This defeats the purpose of liquidity. Hence David Schwartz example: A 1 million dollar xrp, stays liquid. Using 1 million xrp per one transaction, kills liquidity.
The price doesn't have to do with spikes. A crypto priced at 1 vs 10,000 will have the same possibility of spikes. What causes spikes is the demand and supply. The liquidity factor. A highly liquid asset will be much more stable than a low liquidity asset.
i cannot understand how XRP can reach $10,000 per coin when there are 100 billion XRP, how is that possible? surely there aren't enough zeros to make that happen?
When they start tokenizing the stock market, derivatives, housing, oil, etc.. $10,000 will just be a stop along the way. We are talking Quadrillions of dollars of value placed on the ledger. Not all on XRP, but I would guess a big chunk of it.
Figure out how many institutions are in the world. Then figure if they only own 1 mil xrp for each of them. It's astronomical! Xrp will be insanely higher than you can imagine
My concern is corporate to corporate contracts. In other words the BACK RAILS where business pays an agreed upon amount but completely blind to retail. Please explain that issue b/c they are doing it with Gold, oil and some XRP NOW. I am leaning more toward the restructuring of the global economies forcing the price up. Would love both to lift the price up.
I own a substantial amount of XRP, along with QNT and HBAR because I feel these 3 have a very bright future ahead. With XRP, there's a total of 100 billion XRP and no more will ever be made. People ask all of the time, what if XRP runs out in the future? Short answer: Every transaction using XRP, 0.00001 XRP gets burned so there's really no way it will run out, we wouldn't be able to run enough transactions to burn it all up. Theoretically it would take like 70,000 years to burn up the 100 billion max supply. So sleep soundly, XRP will be around a longtime, long after you and countless other generations have come and went.
But who’s to say they won’t come out with a different token on this protocol or if another neat low payment high speed protocol will be used. I can’t imagine they’d want to share the wealth when the blockchains are chosen for central bank transactions and international payments
![[4K] Watch SpaceX Catch A Starship Rocket From Space!!! #IFT5](http://i.ytimg.com/vi/pIKI7y3DTXk/mqdefault.jpg)
Thanks Lewis! We definitely need to do another video together soon to talk about ways people can protect their wealth that they generate from #XRP and other digital assets.
You got it. XRP will explode. Market cap means nothing.
I think the sec brought the case against ripple to suppress the price for the banks to accumulate as much as possible and to scare retail out. Imagine the bags they hold now that they was able to buy at .35 for 2 years.
that's a good theory. I thought it may be to implement it while keeping the price stable.
Scare who? I’ve been accumulating xrp the last 10 months buying at $1 and now .32-.50 🙏🏽
That and time for the ethereum merger...which was financed by wallstreet
well said
Yeah probably not if any conspiracy theorie makes sense it's to give time to others exactly who is the question
I believe the international players will stay in XRP rather than converting to national currency unless they need to. The national currencies will only be useful for a local economy, and some nations may choose to only use XRP if they don’t have a robust local economy. Holding means scarcity.
Eighteen months ago MY head exploded. I realized what you are discussing. I imagined a large transfer of 10 to 100 million bucks. Cannot be done with XRP without a huge rise in value. I first thought of 10K. It could be fractionalized down to less than a penny but still have a huge price. It will go much higher than 10K when it matures. Good job Lewis.
sheeps
@@m4ryou5h lmao a sheep would say "sheeps" and nothing else, nothing to actually conversate from. Wake tf up
@@m4ryou5h sheep is plural, you don’t need the s
“XRP going to 10k”
“but stay emotionless” 😂😂
I know right!
XRP in the market when it gets up and running as planned will create its own negative feedback loop which will stabilize its price. The lower the spot price the more coins are needed for transactions because you’re buying more coins it raises the spot price. That’s a negative feedback loop
I agree and love hearing this theory.
Lewis, the other very exciting thing is that with each transaction using XRP, a small amount of XRP is destroyed. This makes XRP deflationary. No more XRP can be created. This makes it even more valuable over the long term.
BTW - XRPcharts had a $350T "glitch" today. Could they possibly be testing the system? If a $100 Bitcoin makes a $1M purchase inefficient, what price would be needed to move trillions per day? Not a fair comparison, but the price of XRP will need to increase considerably.
Hi Lewis. First off, you are an awesome source of info and you're extremely articulate. Thank you for that. Here's a sort of negative theory to answer your question. Maybe they already ARE accumulating XRP, but they're doing it on a steady, slow basis and not in big blocks of buys, and they along with the SEC case are keeping the price low through manipulation. I hope this is not the case because we all expect that a favorable SEC ruling will make XRP move like a scalded dog because of buying. What if most of the institutional buying is already being done right now at 35 cents, but we can't see it due to manipulation? It's how they play in the stock market.
You are the influencer with a wealth of information to share. Thank you for sharing. No hype but plain intellegent analysis. God bless you.
If xrp reaches $10K, people like Chris Larsen who owns 5+Billions xrp will become USD 50+Trillionaires. That means people like him will be the richest person in the history of mankind. Is that possible?
Absolutely Not Dude
No the ELites control who is wealthy.
XRP is more useful than Bitcoin and look what it did, anything is possible . Just because something has never happened doesn’t mean it can’t.
There will be many trillionaires. I think a lot of people in the XRP community don’t understand how much the world is going to change. Forget comparing the future to the past.
I’m good with 5 million 😊
People who talk about 5+ digit XRP cost usually don't understand that there is a huge difference between the total supply of XRP and BTC.
Good video, just found your channel. Glad to see you are so enthusiastic with so much energy.
I am confused about price of XRP. BlockchainBacker says the fibs are at 7$,11$,22$ that would engulf BTC/ETH marketcap.
11$ would make XRP marketcap to 1 Trillion.
And above that 100$ would bring marketcap to 10Trillion that close to World Gold Marketcap (14T).
We XRPhodlers want to know when to sell exactly.
Reply is appreciated 😃
1st time viewer, but welcome to the XRP Army! Been a member 3+ years so welcome aboard!💵💵💵🚀🚀🚀
Ach moves 30 b transaction with volume of 73 t. I've done the math. For xrp to move ach volume it will have to be a minimum price of 2000. That's just ach.
My understanding is that Ripple sources the liquidity. On Demand Liquidity is the payments and settlement suite. Institutions do not need to hold XRP. Thanks for the vid! :)
Yeah that’s my understanding also. Companies like Uber can use ODL instead of buying large quantities of XRP. The price still needs to be high to cater for the sheer number of (and price of) transactions around the world. 😎
One thing i can't understand about XRP is that why would corporations will use XRP to transfer money to cross-border while they can use stable coins. Stable coins are at fixed price and also decentrelized which is whole point of the crypto. Can you please enlighten me about this if you have any information ?
XRP Holders primarily contribute by reducing the quantity of available coins, while the driver for price is their usage. The inactive coins affect the market by diminishing the number of usable coins, consequently increasing the price.
Conversely, when there is extensive usage, a larger number of coins are used, resulting in a significant price increase. This surge in price eliminates the necessity for additional coins. Hence, when the switch is flipped, our held coins rise substantially due to limited coins.
The rising price also serves as a means to provide liquidity. This is my understanding of the concept.
I'm glad you understood that XRP price must be very very high so that it does not affect its price ! I understood this a long time ago as I have a financial background...
Isn't XRP currently in use? Of course, I'll seek out the answer myself, but it is also still trading around 0.40 USD as of October 2022. It will be interesting to see what happens near the end of Nov. 2022 with the beginning of the ISO 20022 implementation, particularly for the XRP, XLM and XDC.
Im currently holding 15k of usdc..I was initially waiting for btc going a little lower but now Im starting to lean toward xrp.15k would buy me a nice little bag at 35 cents or so.What do you think?
I’m 18 and currently Hold only 1,100 XRP 🤣 small but it’s something. If I were you I’d go 50/50 BTC is Gold 3.0 but wait for the crash
If you have the capital, buy as MUCH XRP as you can, HODL and wait for these explosive prices, the new financial reset is here. Ripple is partnered with the World Economic Forum (WEF), very powerful people in play here. After this lawsuit and it gets listed back on the exchanges, the average person will not be able to afford it. The world WILL BE running on it, the Philippines, Thailand and Japan are already using it. Just put it this way, I hold well over 100K+ XRP. This one asset will create generational wealth for many, be BLESSED its only at $0.47 as of today.
Bitcoin isn’t worth it unless you put in big money the ROI is trash for essentially doing nothing
Thank you for doing so much research! I purchased a few years ago and believe XRP is our future.
Court case is drastically impacting price and purchase options but believe everything should be settled by August, 2023.
Do you have the ticker symbol... thanks.
Hi Lewis, If Ripple is to be adopted by banks and institutions, one of the main ripplenet and XRP use cases would be NFTs and federated chains! as Brad galinghouse mentioned repeatedly "Tokenized Economy" ex. land registration, ownership of different hard assets, cars,... etc. Someone might ask how does that work? The transfer of asset ownership between people and entities would happen through exchanging the corresponding NFTs between the parties, easily verifiable on the xrpledger for complete transparency. That would potentially lock huge amounts of XRP in those NFTs and send the price to astronomical levels. The potential is beyond comprehension in all industries. IMHO
How much XRP are u holding? And are u planning on purchasing more? I fully understand if you tell me none of ur business. I hold XRP, XLM, XDC, CSPR, HBAR, VET, ADA, Matic, QNT, Shiba, ALGO, DASH, Siacoin, Tectonic, NEO, gold and silver.
Can you do updates on the above?
How much XRP do you hold?
Bro i love XRP and I love your content, but how do you think XRP will reach even $1000 if the supply is 100 Billion
The whole idea of ODL is that large institutions (or small ones for that matter) do not have to hold XRP. You are very close but misunderstand what the purpose of ODL is. The whole idea is you do not need nostro and vostro accounts anymore, ODL takes care of that. Almost 30 Trillion dollars are tied up in the old nostro vostro SWIFT system. There are some institutions that will want XRP on the books, but the majority of the financial system of the future will run on ODL. Derivatives market will get us to 4, 5 or maybe 6 digits by itself.
well done. love the way you broke it down. great job.
Great vid. It all makes sense. 1 thing though, with the Uber example. Uber will purchase XRP from Ripple themselves. Remember, there is half of the supply in circulation which WAS dispersed by Ripple to be sold on the secondary market to retail investors. In my mind, the escrow will be used up and dispersed to institutions and cause a supply shock. About 50% is on the open market, and the other 50% is in escrow. Just imagine when all these institutions start buying it all up. The price per XRP will rocket.
Wouldn’t Xrp be centralised if banks use it? If so I can imagine the government can control our credit score and freeze our digital currency and dictate if we get paid or not
I absolutely love your videos! They are so well put together and allow me to spend the word in a way anyone can understand😊
If Ripple wins the Law Suit and suppose if i hold 1500 XRP for 2 yrs.....what is your price Prediction. ????
I have watched many videos on RUclips and heard people say the price of XRP has to be high, but never understood why or how, until now. Thank you.
I mean, it does sound amazing and getting me excited as a XRP holder but, isn't this a potential fatal feasibility point? I mean, maybe the fact that the price needs to be so high is the reason why it is not viable at all ... I hope that's not the case of course
No they can but they dont need to hold any. Because the On demand liquidity. It will need to be high but it doesnt matter because the price is locked in and the xrp goes back to the ODL once the transaction is done. Banks are not using it because it wont be implemented until 2025 its not set up yet. They are still forming partnerships and setting up nodes
Will you please tell me If the XRP price reach to $10000 then what will be the Market Cap of XRP?
$500 trillion
Hope you have right:)
But if xrp goes to 10,000$, the market cap will be over 500 trillion dollars and why should the banks hold on to their coins if they have 10,000X on them? Can you talk a little about this :) Hope you are right about xrp, it would be nice if xrp reaches that level :)
I've always thought similar a bank doesn't need to hold all the money to operate. Xrp is moving volume is in the high billions and uts only 0.45c you could move trillions of dollars in volume a day and it only needs to be like $10
But if bank a buys xrp for 1 bil. And tranfers these amount of xrp to bank b. Then bank b sells it for a lot more money. Because that 1 bilion changes the price of xrp too much.
So a small xrp price cant be right
Stop the cap!
Market cap thinking that is.
Think value being moved
Through put of that value
hey man thanks for a fire Video, GJ!
my question is: do you think this will happend like from 1 day to another or is there still time to buy up XRP this year and next year ?`:) thanks again
It's not meant to move fiat currencies but CBDCS. It will be the only regulated cryptocurrency. It may be deemed a currency or a commodity. For them to shake out retailers, let it drop to cero so they can have all xrps backed by gold.
4 digit xrp overnight
My question comes to, if I'm holding XRP how do I benefit unless I hold out and sell at the price sometime in the future? Or, if I hold for example 8,000 XRP,, will I get a monthly/quarterly dividend?
You always keep it real. Can you do some on price predictions for XLM and the road to there like this one?
I need you to explain me something it makes me very confused. Many influencers and experts say that there is no coin can surpass the global market cap , so how can you explain me please that the XRP can break this "rule" . I hope to understand me well ,my english is modest . Thank you
So XRP is like investing into index funds?
Don't forget that XRP gets burned during transactions and it required the open an account. This will lower the amount in circulation, especially once everything is released from the Escrow acount
Thanks for this. Made me understand XRP more.
This comment is post SEC ruling and obviously the price did not go to the moon. I saw a recent video in which someone explained something similar to what you just stated, which make sense. However, he went on further to explain that the XRP that we purchased from the exchanges were retail purchases, which is why the SEC ruled the way it did. And that the XRP that banks would use would be somehow be different and thus we will never realize the gains that will drive up the price of XRP. He says only the Banks will hold the XRP with the high value. He explained that there will be a front end and back end in this transaction process and the back end (which will be the bank) will have a high stable price coin. But the front end retail holders will not realize those gains. I am not sure that I am fully explaining this correctly, but it was something to that effect. And when I heard it, it unfortunately kind of made sense. Any insight or thoughts on this? Thanks.
But what if they run out of XRP? This doesn't sound like a very sustainable system
If XRP was too expensive before majority of institutions had bought a large amount they may think twice if it's too high to use
Price goes astronomical when they collateralized gold-silver iridium Palladium natural gas oil weed corn fertilizer iron all the natural Metals when they go on to The Ledger then that becomes the price of The Ledger in / 100 billion
Great job man.... I am so exited too cause I know what is coming. Although I believe it will not be easy. Somehow we will have to be so careful with our bags
Ok All im trying to understand is how much more XRP should I buy and what is the estimated value of it in the near future.
This is great but what about the market cap at the price of 10k (about 500 trillion usd) ?
Will using xrp leave wire transfer in the dust, cause wire transfer, to my knowledge costs $$ to use.?
I am extremely bullish on XRP myself brother but you missed one thing Ripple uses the XRPL to move large amounts of money. The XRP on the XRPL is not on the open market and doesn't effect the XRP on the open market. I do believe XRP will go up more than most understand but not for the reasons you mentioned.
which other one is doing the same as xrp and ripple? and how soon will it be before some one else sets up the same thing better and cheaper in opposition?
what are your thoughts on QNT? Interested to see your point of view since QNT has remained a token that stayed the same for a long period of time. Does that mean it will boom in the near future.
I think the Uber example isn't quite right. The way you explained it means that Uber would tie up a lot of capital, which is not what XRP is about. My understanding is that if Uber signs up to RippleNet, Ripple will freely pre-load the Uber wallet with a large amount of XRP. It's only when Uber actually utilises some of the XRP that it will be billed for it- 'Liquidity on demand'.
Oh that’s an interesting distinction. Thanks for clarifying
I love it when someone says, "Let's embark on this journey together, not this is what I did, then it's too late. Thanks bro I am in.
The same would apply for several other ISO20022 compliant tokens that already began working on CBDC testing, Trade Finance, Carbon Credits and Stable Coins (USDC) on respective networks for payment transactions...XLM, Hbar, and XDC. I'm not saying that these other tokens previously mentioned will be $10k, but they will also need to be at MUCH higher price.
The force is strong with this one! So so true!👍
Carbon Credits... My fren, wait till you learn about Xange
The one thing you’re missing is that whatever percentage of the global economy that ripple acquires with a limited amount of XRP, the XRP hasta be worth at the minimum enough to handle all of those transactions. So it has more to do with the amount of XRP available, and how much of the global economy is running through ripple in XRP.!
If what you describe is accurate. I do not see how even a negative SEC ruling would impact Ripple in the long run. As the Ripple execs have pointed out. Ripple Labs as a business shas been growing at a phenomenal rate, gaining market share and new customers. Proving that XRP is a solution that will have wide scale adoption. Because in the long run, the American financial system will be left out in the cold. Like when the Americans convince the global financial institutions to block a country from the SWIFT system.
I really enjoy your channel and I share your enthusiasm for XRP. But isn't it true that Ripple has said that they will basically "lease" XRP to institutions for the 3-5 seconds that they need it for a transaction? If so, that would seem to be a massive barrier to a price increase being caused by an increased demand for XRP. Ripple can lease the same XRP to clients 17,280 times per day (assuming 5 second transaction times). They hold about 50B XRP at the company and in escrow, so at current prices, they could move (50B*0.49 [the current price]*17,280) 423.36 Trillion dollars per day without affecting the price if done in increments of 24.5B per transaction. How is that not a huge damper on price appreciation?
This is an excellent question I also have and would love to see addressed. If true, perhaps XRP will be less of a massive money dump in appreciated value and more a matter of a slow crawl dividend yield assuming you could park your coins in some financial intermediary for lease?
what if they burn 50% of the coin?
Good question. I thought I heard Brad talk about selling large amounts of XRP directly to say a financial institution at a slight discount for use to move large amounts of value and once the XRP is moved Ripple would buy back all or some of the the XRP at market price.
You're premise to your argument is that ripple will lease xrp to institutions. They won't. And why would the institutions lease it when they can own it.
@@Jerrywalnut117 I saw that idea in an old paper by Ripple (4 yrs old, or so). That paper is not longer on the Ripple website. I think the "leasing" idea has replaced it to address concerns about volatility
Thankyou God Bless You
To answer why institutions aren’t going ham on buying in right now, consider many are regulated under the financial side and so won’t get involved in a global system while a major country is still deliberating.
Essentially yes it’s the lawsuit and financial uncertainty due to lack of US regulation
Finally some refreshing content about XRP.
I agree with you and great video, however I didn't hear you mention market cap, the current US Dollar market cap is 20 trillion roughly, if ripple goes to $20 it is even with the US Dollar, I understand they will keep printing so lets say we get to $40 trillion for the US Dollar which we will, and XRP gets half the market cap after this SEC debacle, putting it at $20...how does it get past that to $10,000, I'd love to hear EVERYONES thoughts on this, long live XRP!
Why would someone like Uber use XRP instead of something like XLM or another Crypto?
Not only all the fiats & values will factor in, possibly all the debt as well. $10k XRP will be just getn started. Marketcap has nothing to do w/ price honestly. It's supply + estimated demand & expected future value.
What if there is no fiat any longer? Will this change things?
@@Mbklwb Fiat or any type of "financial decree" will always exist whether or not its on paper or in digital form. Fiat is just another measure/score that we/most envision in its paper form.
Imo, it won't change much if fiat goes. Credit cards are the most used form across the globe anyway.
Thanks so much !!!
Not sure if I caught your last comment about XRP in Canada....But YES....You CAN buy XRP in Canada at about .60 CANADIAN. NDAX is pretty simple for those wanting to enter the market IMHO.
So do you believe Ripple are deliberately keeping the XRP price low to give the Banks a chance to acquire it in massive quantities?
Is XRP being used now and are users complaining?
Instead of “Western Union”, think of Moneygram using USDC on the XLM network. Public facing cross-border payments are already happening. ;)
So check me if I'm wrong.... if this is the case then will there not need to be a much higher level of XRP in circulation... Like Trillions and Trillions?
Why do you need to hold XRP to lower fees?
Excellent vid Lewis. I have positions in Ripple, XRP n XLM. A couple of questions…1) in your research have run across any info about Ripple eventually being considered a stock or maintaining its position as a Holding company for XRP n XLM and 2) you have not mentioned XLM, is this token on your radar or are you staying laser focused on XRP?
Ripple?
With the XRP case being rules as not a security for Retail and it IS a security for institutional buyers. Does this change your understanding of this at all?
From what i hear you cant buy in the US in certain states too..its crazy, im in MD and i buy xrp on uphold without any issues
Hi Lewis,
So how will we benefit from XRP, (apart from the price action)
If it goes to 10k maybe you want to sell some, but what to do with the rest you hold?
Stake them some big institutions, for good returns.
How do you buy it?
Honestly I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps,narrowly avoiding a long-term bear market. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 12 btc from day tradng with Bradley James Holly insights and charts. He been one step ahead of other analysis..
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God, I hate this post. I see it everywhere
If institutions must buy and hold XRP, doesn’t this contradict the primary XRP selling point; the elimination of Nostro/Vostro account holdings of large institutional banks and freeing up that liquidity? This proposal, in my understanding, locks away that liquidity yet again.
I've thought that too.
I'd it's supposed to be cheaper wouldn't it be a lower price not higher?
Fiat and Digital Asset value can’t be 1 to 1. This defeats the purpose of liquidity. Hence David Schwartz example: A 1 million dollar xrp, stays liquid. Using 1 million xrp per one transaction, kills liquidity.
The price doesn't have to do with spikes. A crypto priced at 1 vs 10,000 will have the same possibility of spikes.
What causes spikes is the demand and supply. The liquidity factor. A highly liquid asset will be much more stable than a low liquidity asset.
i cannot understand how XRP can reach $10,000 per coin when there are 100 billion XRP, how is that possible? surely there aren't enough zeros to make that happen?
When they start tokenizing the stock market, derivatives, housing, oil, etc.. $10,000 will just be a stop along the way. We are talking Quadrillions of dollars of value placed on the ledger. Not all on XRP, but I would guess a big chunk of it.
Figure out how many institutions are in the world. Then figure if they only own 1 mil xrp for each of them. It's astronomical! Xrp will be insanely higher than you can imagine
Maybe in the bull run of 2030 I'm on the same boat as you i really don't see it doing 10k this bull run. But if it does I'm not complaining right 😂
I own xrp can does it make a diff like xrp uk or xrp usd
I think that major companies have already been preallocated XRP. We just don't know it yet.
So XRP's market cap will be bigger than the whole crypto industry? Hope its not hopium
yep watch
Will 15k XRP would be enough to have in your stash?
So they are buying it an given money for crypto that's not even created yet?
My concern is corporate to corporate contracts. In other words the BACK RAILS where business pays an agreed upon amount but completely blind to retail. Please explain that issue b/c they are doing it with Gold, oil and some XRP NOW. I am leaning more toward the restructuring of the global economies forcing the price up. Would love both to lift the price up.
Great vid dude, but we got eclaires in the states homie. They're good stuff.
@Lewis Jackson Ripple also pre funds the wallets with XRP but doesn't charge them, only when they use it and invoices them afterwards.
I own a substantial amount of XRP, along with QNT and HBAR because I feel these 3 have a very bright future ahead. With XRP, there's a total of 100 billion XRP and no more will ever be made. People ask all of the time, what if XRP runs out in the future? Short answer: Every transaction using XRP, 0.00001 XRP gets burned so there's really no way it will run out, we wouldn't be able to run enough transactions to burn it all up. Theoretically it would take like 70,000 years to burn up the 100 billion max supply. So sleep soundly, XRP will be around a longtime, long after you and countless other generations have come and went.
But who’s to say they won’t come out with a different token on this protocol or if another neat low payment high speed protocol will be used. I can’t imagine they’d want to share the wealth when the blockchains are chosen for central bank transactions and international payments
Thanks for sharing your knowledge, much appreciated!
XRP , quant , hbar , is the next king of crypto folks
Am agree
How much is enough xrp?
Very simple. Very clear. Just the way it should be… 👍🏾
Can anyone buy the stock... if so what is the ticker symbol for the USA. Thanks.