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Ripple/XRP-Will Real Satoshi Be Revealed?,BoE Crypto A Threat,XRP True Price Discovery,It`s Coming - YouTube
Channel: Digital Perspectives
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welcome back to the show everybody check
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these headlines this morning will the
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real satoshi nakamoto please stand up we
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may find out exactly who that is we'll
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get into it india and crypto regulations
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bank of england deputy governor says
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crypto is an imminent threat we're going
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to explain what we believe that is gary
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gensler won't approve a spot etf and i
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believe we know why
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ryan selkis from missouri thinks ripple
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is guilty of fraud and the sec should
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charge them well i have something for
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him to take a look at and i'd love to
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hear his thoughts on it
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ripple net cloud and cross-border
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payments it's coming everyone and i
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think i'm going to show you evidence of
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that today and the question is now
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will an xrp breakout take us to a price
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discovery mode we'll get into all of
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that and more somebody roll that
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beautiful intro
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this is digital perspectives with brad
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kymes subscribe for new content
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notifications
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now here's brad kinds come on in
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[Music]
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welcome back to the show everybody you
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can follow me on twitter at backup
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bradley above and everything that we're
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talking about here today got to give a
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special shout out to pat and gordon my
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dear friends are going to be moving to
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kansas city and i wish them all the best
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i know they all listened to the show i
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had a great time hanging with them over
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the weekend and i just wanted to
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tell them i wish them well and we are
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going to stay in touch believe it or not
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and i i look forward to all the many
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different hangs we get to have together
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let's get into it this morning
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2.620 trillion dollars and we are off by
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8.84 on the cryptocurrency market this
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morning
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what happened everyone what happened
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well i'm gonna give you my
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uneducated macro view of what went on
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a huge sell-off and when you look down
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here it's pretty much the entire market
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right it's it it is everything is down
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which tells me bitcoin dominance still
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controls the scene and there was a huge
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sell-off we were below sixty thousand
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dollars just a couple an hour or two ago
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this morning now above sixty thousand
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look
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for me
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what i'm seeing here is a huge sell-off
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people taking profits
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let us not forget as we move forward
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here
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bitcoin future etfs or you know they
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exist now right and they're only getting
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that market bigger so really what the
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institutions have now is a level lever
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for the up to buy right and which
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they've always had and with the futures
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now coming into play heavily they have a
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lever to play the downside to so
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big money moves to market and i see big
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money taking profits here is what i see
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looking right here we see xrp is at a
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dollar nine right now we see that
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obviously it was a huge bleed off off
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more than nine percent this morning 106
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four four the low side and 1289 on the
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high side we get back to see if we can
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climb again right and and the reality is
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i don't follow price like this after i
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you know do the channel and the numbers
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for people who are listening in the car
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and want to hear the prices i don't
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really follow the prices unless
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something is taking place that day
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i just don't i'm more worried about the
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fundamental news which we cover heavily
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here and here's some fundamental news
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right here trade shift a recent product
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added to link to link2.com private
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invested made simple is recently sold
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out now i don't know if they're going to
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be re-upping that but i did want to tell
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you i did take a look at the site and
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saw that there's less than a thousand
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shares of ripple left and i don't know
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if they're replenishing or not so we
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better hope they do because i know a lot
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of people buy it up quickly and uphold
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has shares but i also saw a couple other
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things that have sold out linked to
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shares i hope they put more up at that
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as well but nevertheless ladies and
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gentlemen it is the place for private
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equity make sure you check it out this
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stuff does not last long
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take a look right here this is more
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great information ladies and gentlemen
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but you got to click the link i got it
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in the description in the comment box
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look at this
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woohoo is finally here no more monthly
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fees from i trust capital i told you it
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is the best crypto gold silver ira on
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the planet and bar none
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they continue to carry the belt it is
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absolutely true and if you click the
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link either here on my twitter or in the
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description comment box you'll get a
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hundred dollars worth of bitcoin for
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signing up and no monthly fees come on
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in that's what i'm talking about yeah
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shout out to blake and blake skyrim and
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the whole crew there
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bitcoin creator satoshi nakamoto or
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he says he is
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could finally be unmasked at the 64
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billion dollar crypto trial in florida
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david clyman's family which is on the
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right-handed picture there has sued
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australian programmer craig wright on
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the left for the control of their
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deceased relatives alleged share of
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nakamoto's assets
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craig wright has said and he told us
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when we were shooting the movie
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kryptonairs that he was
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satoshi nakamoto well i'm i want to see
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this actually play out and really find
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out here
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i don't understand
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if you are the real satoshi nakamoto no
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matter who you are and i know david
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kliman has passed away but his family is
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looking to uh uh
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solve and resolve this issue for their
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self and their family
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uh but you could simply if you have the
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keys you could open the wallet and just
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show people well i'm the only one with
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the keys to what satoshi nakamoto's
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wallet has in it and then that would
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solve it right so i it just seems a
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little
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this whole thing seems a little strange
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right
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looking right here this is something
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that has been strange more like a bad
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tennis match but this is india
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parliament meeting on crypto and what
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they have said is that there is a
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consensus that was reached that
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cryptocurrency should be regulated in
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the country and that a blanket ban is
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off the table can i add finally because
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is it finally because i mean they've
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been back and forth on this worse than
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the united states even but somehow
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they're still ahead of us in getting it
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done it appears looking right here um
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this is a big statement but i think we
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can part the water here
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crypto poses imminent threat to
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financial stability bank of england
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deputy governor it says crypto poses the
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imminent threat to financial stability
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it goes on to talk about you know all of
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this stuff and how it could threaten but
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look what where i want to park the water
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here is is is right here this is where
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you get the demand and the pressure and
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the incentive
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to release a central bank digital
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currency
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that's where i believe the language is
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coming from here
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cryptos in it of themselves
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are a problem because we don't have the
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cbdc on and off ramp to track
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what's being bought and by whom
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don't like it don't believe it it's
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still true that's the ultimate end goal
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right i mean
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look i you know jim rickards i believe
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has commented on this raul powell has
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commented on this and many other really
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smart people about
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economics and
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new technology and things of that nature
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and they all come to the same place that
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essentially banks are going to have to
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be a node on these protocols these
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payment protocols you know and i really
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do agree with uh brian brooks and the
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interview we showed here a few days ago
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you know
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the word cryptocurrencies in it of
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themselves is is confusing to people the
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nomenclature of that is really
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bad for crypto they should be called
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like payment networks just that's it
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just their new payment protocols their
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new payment networks and that if you
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just start seeing them that way then i
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think you really start to sort out what
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has a use case and what doesn't now
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here's a guy who's been trying to sort
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out crypto and not many of us have been
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happy about it but
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not with his approach at least uh
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gensler has made it clear earlier that
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regulatory body thinks that the crypto
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market is not mature enough to handle a
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spot etf
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you know like i said we had the futures
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etfs that keep getting approved now it
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seems the sec would rather approve an
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ether futures etf than a spot bitcoin
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one well
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i believe
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and i point to
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uh remarks that gary gensler has made in
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the past
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what do we know about his his immediate
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approach he's going after the exchanges
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right
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he wants to get the exchanges tucked
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into the sec securities framework
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don't
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you don't have to like it but that's
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what he's on that's what he's on the
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path to do right
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so for me when i think about this until
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we get
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or until he gets
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the
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exchanges tucked into that regulatory
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framework
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he's not going to uh approve a spa etf
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for bitcoin or anything else
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that's just my uh speculation about his
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thoughts and his approach
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but once they have that in that tucked
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in that framework i think you will see
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that take place the problem with gary
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genser is though if he manages to get
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the exchanges tucked into just like
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nasdaq or the nyse
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will he go
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even further and say well because the
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exchanges are now under the framework of
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the security exchange commission that
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also means that everything on there
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should be regulated by us too and that's
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what concerns me about him most right it
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really does all right take a look at
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this uh really really damning comments
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here coming from ryan selkis from asari
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here ripple guilty of fraud he says but
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not securities laws violations missouri
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selkisses and if you look at this says
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rebel labs have been fighting the case
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he said they misled this is what he says
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they misled xrp holders over inside
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token selling selectively disclosed data
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and height partnerships as value
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additive to the underlying currency
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selcus also argued that the sec chief
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gary gensler been supportive of
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commissioner purse's safe harbor
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proposal ripple's allegedly fraudulent
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activities could have been fixed instead
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sec is fighting technical securities
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violations while ignoring the safe
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harbor which would prevent fraud well
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here's a problem with that gary genser
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has admitted that he hasn't even looked
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at what the safe harbor proposal is for
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master purse and that's reinforced here
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by john deaton down below
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uh this is what i shared with uh ryan
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selkis who appears to
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have some kind of clarity over the
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situation i said ryan selkis who goes by
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two-bit idiot which is starting to real
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really really line with the comments
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he's making here i've read that you
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think ripple is guilty of fraud i'm
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curious how you would define these
[656]
actions for fundraising at fifteen one
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thirteen obfuscating uh us regs and laws
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by disguising your identities so you can
[663]
invest under fake names in multiple
[665]
accounts just want a level playing field
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that's all we're after here right that's
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all we're after and you know if you
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haven't heard it it's only a few seconds
[673]
take a listen right here
[676]
we got it keyed up
[681]
[Music]
[687]
a conference um the
[688]
sale is
[689]
is on um so we don't want to do two
[692]
major things at the same time
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okay so
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either before or after
[699]
okay
[700]
mike
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will there be a limit on the amount that
[715]
the person could invest in ethereum
[720]
a person
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can
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can buy
[725]
from any number of different identities
[728]
we may limit the size that the unit size
[732]
of the sail
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just to
[735]
make it easier to disguise
[739]
let's say if you're a whale and you want
[741]
some privacy
[743]
you can buy
[744]
um 50 000 units and just uh
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um
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so
[750]
nobody scares people with uh
[752]
enormous initial purchase
[756]
so if you are a rail if you want you're
[759]
planning on investing
[760]
several million us dollars worth
[764]
then you can do that in
[767]
multiple identities
[769]
with multiple identities it goes on to
[771]
talk about with pseudo-anonymous names
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listen you know you're fundraising
[777]
you're touching american investors and
[779]
you're explaining to them how you can
[780]
disguise your identity and use multiple
[783]
accounts with soon anonymous names
[787]
uh ryan stellicus i'm just curious where
[789]
you're at on this with your high-powered
[791]
perception that you have these days
[793]
ripple net cloud is improving
[795]
cross-border payments in a key
[796]
remittance corridor connecting money
[798]
match app and al ansari exchange to
[801]
redefine the customer experience with
[803]
same day payments to malaysia look i
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mean
[807]
we kind of covered and touched on this
[809]
this is showing you that ripple is not
[813]
distracted to the ultimate end goal of
[817]
what the company is it's it's an
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enterprise blockchain solution company
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right period that's what they do and the
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xrp ledger is a decentralized exchange
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for all the value of all the world
[830]
period separate non-profit foundation
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right the whole bit so they keep
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pressing forward here and then there's a
[838]
reminder of this the ripple liquidity
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hub which is ashish berla told us right
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we know what what do we know about it
[845]
i'll tell you what we know about it we
[847]
know that it sits on the on top of
[850]
something like coinbase right and
[853]
exchanges and banks right and it becomes
[856]
an aggregator right a curator of
[859]
real-time price
[861]
it would almost appear that if you look
[863]
at it that way because they're trying to
[865]
get you know a price aggregation for the
[868]
big clients institution banks exchanges
[870]
and all of them
[871]
and coin me in fact is going to be
[874]
using ripple liquidity hub right
[877]
and by the way coin me is a partner with
[880]
coin star all the little extra you know
[882]
coin exchange in the dollar bills in all
[884]
the grocery stores that you see and you
[886]
can go in there and you can buy bitcoin
[890]
on the coin me uh atms and the coin star
[893]
machines which is impressive in itself
[895]
but they're going to be using this
[896]
ripple liquidity hub to get this
[898]
aggregation and that is very exciting
[900]
you guys should be checking out coinme
[902]
and they also have a uh a website and
[905]
let me pull that for you really quickly
[907]
so you can see this
[908]
right here
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cryptoliteracy.org this is it and
[912]
anybody that you're a do you have a
[914]
family member or maybe you've been in a
[915]
space and you don't really have all your
[918]
gap feels on what is the difference
[920]
between this crypto that crypto you can
[922]
go to crypto literacy cryptoliteracy.org
[926]
and take this little like quiz kind of
[928]
challenge thing and it helps educate you
[931]
on what's going on in the space and the
[933]
difference between different
[934]
technologies and things of that nature
[935]
it's very very cool so make sure you
[937]
check that out as well all right so now
[939]
getting back to this and hearing the
[941]
fraud hope he answers the question to
[943]
that ripple is moving forward the ripple
[946]
liquidity hub i believe is absolutely
[948]
bigger than we even know and what it can
[951]
serve and think about if it can sit on
[952]
something and aggregate costs for
[954]
someone like coinbase
[956]
doesn't this almost fall in with the
[958]
backdoor plan of what gary gensler wants
[960]
to do he wants to reign in the exchanges
[963]
possibly use something like ripple
[965]
liquidity hub to source the accurate
[967]
price discovery for maybe all the u.s
[970]
exchanges i'm speculating a bit here but
[973]
it does seem like it lines up we'll see
[975]
how this all ends up here one thing i do
[977]
know is is that real progress is not
[979]
measured by when the second hand of the
[981]
clock moves but when the hour hand moves
[984]
and i believe we just saw the hour hand
[987]
move what i'm talking about here is a
[989]
repos from
[990]
david schwartz here and there was much
[993]
rejoicing and he's talking about the
[995]
announcement that we talked here about
[996]
about the zoom wallet really getting
[999]
successfully registered and approval
[1001]
from the dutch central bank
[1003]
that means they are in line with
[1005]
regulations relating to cryptocurrency
[1008]
to fiat currency trading
[1011]
now full disclosure
[1013]
it's only available to dutch citizens at
[1015]
this point
[1017]
but i believe we just saw the hour hand
[1019]
move
[1020]
because it's a central bank it's the
[1022]
dutch central bank and what we're really
[1024]
seeing is is the bridge through the
[1026]
dutch central bank from cryptocurrency
[1028]
to fiat trading and because it's the
[1031]
zoom wallet i can only imagine that it
[1034]
would help build out the use potentially
[1037]
at some point
[1038]
of the ripple liquidity hub
[1041]
don't you think pretty timely that they
[1043]
both come out right at the same time or
[1045]
damn near it now let's take on this
[1047]
question here because we know that the
[1049]
market's getting beat up today yeah all
[1051]
of our portfolios it's like don't even
[1053]
open it don't even look at it right
[1055]
crypto analyst altcoin sherpa predicts
[1058]
xrp will break out of accumulation
[1060]
and enter into a price discovery mode
[1063]
well listen we're all waiting for a
[1065]
price discovery mode but i tend to think
[1068]
that we've got to have a little more
[1070]
going on in order for that to happen
[1072]
which means i believe the case has to
[1074]
end we got to have some kind of clarity
[1076]
which may really involve
[1078]
legislation from congress hopefully
[1080]
sooner rather than later and and i know
[1083]
that that's a big wish right but i do
[1085]
believe at some point we're going to get
[1086]
that i really do i'm glass half full so
[1089]
as far as price discovery mode goes i'm
[1092]
excited for it
[1093]
but i also feel like for price discovery
[1095]
mode to really happen we have to have
[1097]
the clarity case has got to be settled
[1099]
but we also have to have a very another
[1101]
very important key part here which is
[1105]
utility
[1106]
use case utility
[1109]
we need to see use case utility driving
[1112]
price more than the speculative buying
[1115]
of the asset itself which is what we're
[1117]
seeing up until now
[1118]
that's going to do it for me make sure
[1120]
you hit the like and subscribe before i
[1121]
get out of here i do want to tell you
[1122]
give us a follow on tick tock ladies and
[1124]
gentlemen digital perspectives no spaces
[1127]
all lowercase just give us a follow on
[1129]
there it's really going well it's
[1131]
hitting hard we're doing well so make
[1133]
sure you give us a follow on there we
[1134]
will be putting exclusive content on
[1136]
that uh platform and i will catch all of
[1139]
you on the next one
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