Latest / The Paul Barron Crypto Show / XRP October Surprise Coming?🔥🚀

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XRP October Surprise Coming?🔥🚀 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: October surprise in the making, and guess who's going to
• 0:08
  Speaker 1: be the culprit. It's going to be XRP. We're going
• 0:10
  Speaker 1: to break it all down for you today. You don't
• 0:11
  Speaker 1: want to miss it. My name is Paul Bara. Welcome
• 0:13
  Speaker 1: back in the tech path. Let's get started with our
• 0:15
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• 0:32
  Speaker 1: us out. All right, Let's go over to a couple
• 0:34
  Speaker 1: of points today. I want to go over to this
• 0:35
  Speaker 1: first tweet right here, and this is a course coming
• 0:38
  Speaker 1: in from Evan. He's out there, Evan Aldough, if you
• 0:40
  Speaker 1: guys know, he's one of our analysts. He's out on
• 0:43
  Speaker 1: the road right now. Maybe the start of a little
• 0:45
  Speaker 1: October surprise here, but I don't think it's going to
• 0:46
  Speaker 1: go anywhere too extreme. He's also talking that we may
• 0:50
  Speaker 1: stay a little bit more range bound, right now around
• 0:53
  Speaker 1: this election going in. Remember we're still what is it
• 0:56
  Speaker 1: going to be about thirty five days out, So this
• 0:58
  Speaker 1: is going to be interesting month for both crypto and
• 1:00
  Speaker 1: I think also the political side of things. One of
• 1:03
  Speaker 1: the big events, of course, is happening next week. That's
• 1:05
  Speaker 1: October seventh. Let me zoom in on that. Right there,
• 1:08
  Speaker 1: the deadline looms for the SEC appeal to the RI ruling,
• 1:12
  Speaker 1: and I don't know, do you guys think that it's
• 1:14
  Speaker 1: going to happen? Do we get an appeal by the SEC?
• 1:16
  Speaker 1: Drop some comments down below. I love to get kind
• 1:19
  Speaker 1: of your feedback. Our team says, no, we don't think
• 1:22
  Speaker 1: there's going to be a panal. If there is one,
• 1:24
  Speaker 1: something is out of balance and we'll see how it
• 1:27
  Speaker 1: plays out. Let's go over to one of the things
• 1:30
  Speaker 1: that is happening this month, and that is Ripple Swell.
• 1:33
  Speaker 1: This is happening, what is it two weeks from now,
• 1:36
  Speaker 1: the fifteenth and sixteenth, they'll be here in Miami, and
• 1:41
  Speaker 1: I think this is where they're going to make some
• 1:43
  Speaker 1: major announcements. I also think that there are some hidden
• 1:47
  Speaker 1: things that they're not talking about right now that will
• 1:50
  Speaker 1: be released. So that's what I think could be rolling
• 1:53
  Speaker 1: out A couple of points are around this, and of
• 1:55
  Speaker 1: course part of this will be Ripple's stable coin l USD.
• 2:00
  Speaker 1: We're excited to share. And though they say that they
• 2:03
  Speaker 1: have not received regulatory approval, I don't know, do they
• 2:07
  Speaker 1: have it in their pocket and they're going to maybe
• 2:09
  Speaker 1: wait for the event. I don't know, Maybe they don't
• 2:10
  Speaker 1: and they're just going to be talking about we'll see
• 2:13
  Speaker 1: in mid October. Going forward, I think this is getting
• 2:16
  Speaker 1: ready to take off. I think we will see this
• 2:18
  Speaker 1: as a major opportunity for liquidity in the XRP ecosystem,
• 2:23
  Speaker 1: and I think it's going to be one to pretty
• 2:26
  Speaker 1: much put them in the driver's seat. One thing to
• 2:29
  Speaker 1: note here is this little note right here, and that
• 2:32
  Speaker 1: is in Dubai Financial Services Authority, they have basically giving
• 2:37
  Speaker 1: them given them a financial services license. So this is
• 2:40
  Speaker 1: going to open up the UAE immediately. I think this
• 2:43
  Speaker 1: is another sector which I talk about all the time,
• 2:46
  Speaker 1: these growth sectors around the world, the EU, the UAE.
• 2:50
  Speaker 1: Of course what we'll see in Asia, Hong Kong, Japan,
• 2:53
  Speaker 1: which I'll talk about in a little bit, are very
• 2:56
  Speaker 1: key to the growth of not only how XRP rolls out,
• 2:59
  Speaker 1: but I think crypto and general I want to go
• 3:00
  Speaker 1: to a clip real quick to get into this because
• 3:03
  Speaker 1: they're talking about some of the digital assets, and really,
• 3:06
  Speaker 1: what are the frameworks of what could be next in
• 3:10
  Speaker 1: mainstream media? Take a look. Look, there's bitcoin and there's Ether.
• 3:13
  Speaker 2: Then I'm looking Solana, there's Ripple below it.
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  Speaker 3: What else are we talking about?
• 3:20
  Speaker 1: Well, the good thing is Ripple seems to be always
• 3:22
  Speaker 1: there on these kinds of notes, and I think this
• 3:25
  Speaker 1: is something we started noting about a year ago. We
• 3:28
  Speaker 1: started seeing Ripple show up a lot more so these
• 3:31
  Speaker 1: are the kind of things I think that make it
• 3:33
  Speaker 1: into mainstream. But he is right, what else is coming? Well,
• 3:36
  Speaker 1: one thing to be looking for is Axelar And of
• 3:40
  Speaker 1: course if you missed out on chain link, maybe Axelar
• 3:43
  Speaker 1: is the next potential opportunity. Here this article right here,
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  Speaker 1: This was Arthur Hayes Stock basically Stock talking about this,
• 3:51
  Speaker 1: exploring Layer zero and Axlar as potentially the emerging giants
• 3:55
  Speaker 1: in cross chain communication. Here's a clip a little bit
• 3:58
  Speaker 1: on Project Guardian. This will tie it up all together.
• 4:00
  Speaker 1: Take a look.
• 4:01
  Speaker 3: Apollo, JP, Morgan Private Bank, and Wisdom Tree all provided
• 4:06
  Speaker 3: test traditional and alternative investment funds to be tokenized in
• 4:11
  Speaker 3: order to really connect these networks. We then deployed two
• 4:15
  Speaker 3: interoperability solutions, Axilar and Layer zero, where clients are actually
• 4:21
  Speaker 3: moving and settling value, where to date we've actually settled
• 4:26
  Speaker 3: over one trillion dollars of notional volume. But we found
• 4:30
  Speaker 3: that tokenization could enable a four hundred billion dollar revenue
• 4:35
  Speaker 3: opportunity annually for the asset management industry.
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  Speaker 1: All right, so Axelar could be on the COSP with
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  Speaker 1: something pretty big. Here's a white paper that she was referencing,
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  Speaker 1: and mainly what they were looking at is all these
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  Speaker 1: different potentials out there. Axelar was in this chain link,
• 4:50
  Speaker 1: et cetera. Layer zero. They chose Axelar. So this is
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  Speaker 1: a big win I think going forward, I want to
• 4:56
  Speaker 1: take a look at another clip here. This clip will
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  Speaker 1: go a little bit deeper in to Axlar versus wormhole
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  Speaker 1: and layer zero. I know we're getting into the weez
• 5:04
  Speaker 1: here a little bit, but just bear with me, kind
• 5:06
  Speaker 1: of follow along. Take a look.
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  Speaker 4: So what's the typical dow there?
• 5:09
  Speaker 2: Re quireum look like stay weighted. So maybe today's like
• 5:12
  Speaker 2: forty out of the seventy five validators, and we're looking
• 5:15
  Speaker 2: to decentralize more and more over time. But just to
• 5:18
  Speaker 2: give you a sense, I think the next closest competitor,
• 5:21
  Speaker 2: which is Wormhole, has you know, nineteen validators. It's fully permissioned,
• 5:25
  Speaker 2: and you need to compromise twelve on them, so like
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  Speaker 2: four times less distributed. And then there's like some others,
• 5:31
  Speaker 2: like you know, Layer zero. Some of the ones that
• 5:33
  Speaker 2: get hacked as well that you know have a very
• 5:36
  Speaker 2: small number of validators, and often you don't even know.
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  Speaker 2: It's like three four validators, and that's it. You can
• 5:40
  Speaker 2: get access to the holy ecosystem. But the other thing
• 5:43
  Speaker 2: you can do is that if one chain breaks, you
• 5:44
  Speaker 2: can cut off the connection there. While with virtually every
• 5:49
  Speaker 2: other bridging solution in the space, they operate in a
• 5:51
  Speaker 2: pair wise manner, so if a chain happens to break,
• 5:54
  Speaker 2: the damage can contaminate to every other sain.
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  Speaker 1: All right, So I want to zoom in on market
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  Speaker 1: cap to a couple of the wormhole right here. Let's
• 6:01
  Speaker 1: just kind of zoom in right there. You can kind
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  Speaker 1: of see fully diluted market gap right around two point
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  Speaker 1: nine billion. Then you take a look at layer zero.
• 6:10
  Speaker 1: Layer zero coming in also on that around point four
• 6:13
  Speaker 1: to three for point three billion, and then axilr right here,
• 6:18
  Speaker 1: so Axilar setting at six hundred and seventy two million.
• 6:22
  Speaker 1: So that's the point right here, is Axelar maybe setting
• 6:26
  Speaker 1: up for a huge opportunity here really related to what
• 6:31
  Speaker 1: the technology what XRPL is going to be able to do.
• 6:35
  Speaker 1: Let's go into another couple of clips here. One of
• 6:37
  Speaker 1: them I want to get to is how this is
• 6:40
  Speaker 1: going to work with the RWA DeFi chain. Take a look.
• 6:44
  Speaker 2: The one thing I'm most excited about what's happening on
• 6:47
  Speaker 2: XRPL is finally opening up DeFi opportunities for you know,
• 6:52
  Speaker 2: for XRP is the biggest asset with one of the
• 6:54
  Speaker 2: biggest communities that doesn't have DeFi right and being able
• 6:58
  Speaker 2: to use this asset productively INFI. I think it's going
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  Speaker 2: to be a big thing. Once we build this breach
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  Speaker 2: between XRPL and duc Seler, we can forward to any
• 7:06
  Speaker 2: other chain like Solana Ethereum and so on. So you know,
• 7:10
  Speaker 2: Aripol obviously has a very unique ads when it comes
• 7:12
  Speaker 2: to our WA's. It's something we're prioritizing now and just
• 7:15
  Speaker 2: bringing new r WA's over to XRPL. You guys have
• 7:18
  Speaker 2: a big edge there and we can make it probably
• 7:20
  Speaker 2: the biggest sain right for our wa the.
• 7:22
  Speaker 1: Token has been able to achieve this level of scrutiny
• 7:25
  Speaker 1: under the SEC and then continued growth with the community
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  Speaker 1: without defile. So this could really explode in a big way.
• 7:31
  Speaker 1: And if you look at Deutsche Bank, this is one
• 7:34
  Speaker 1: of the banks and why that they actually trust this,
• 7:37
  Speaker 1: So take a look.
• 7:38
  Speaker 5: As a summary. Right, the strength of the blockchain is
• 7:42
  Speaker 5: underpin by mundane requirements such as a due diligence risk
• 7:47
  Speaker 5: question that you know, the risk manager, that the audita,
• 7:50
  Speaker 5: that the compliants, that legal department can look through and
• 7:53
  Speaker 5: say yes. With this checklist, I can better understand what
• 7:57
  Speaker 5: you are trying to do in order for me to
• 7:59
  Speaker 5: full feel my risk manager role. You know, your reputation
• 8:03
  Speaker 5: is a really good and then with your background in
• 8:06
  Speaker 5: designing Eldora, which is a very reputable blockchain yourself, it's
• 8:10
  Speaker 5: no brainer that you know we should actually be in
• 8:13
  Speaker 5: Project Garden.
• 8:14
  Speaker 2: Amazing, I'm excited to work on this.
• 8:16
  Speaker 5: It's correctly the question. So because we noticed as well
• 8:18
  Speaker 5: that Accela has been involved in a Project Garden as well,
• 8:22
  Speaker 5: your Asia visibility is actually quite high. We've got very
• 8:25
  Speaker 5: active engagement stare, so we're very excited to be working
• 8:27
  Speaker 5: together with you.
• 8:29
  Speaker 1: A good point is that what they're doing with Deutsche
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  Speaker 1: Bank is really kind of accelerating the partnerships in Asia.
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  Speaker 1: That of course is going to lead into what Ripple
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  Speaker 1: has already done in Japan for payments. And remember you'll
• 8:41
  Speaker 1: probably remember this. Let's take a look at this clip.
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  Speaker 6: So now what we are doing in Japan is we
• 8:46
  Speaker 6: created a consortium of more than fifty banks to come
• 8:50
  Speaker 6: together to develop a complete new payments platform or infrastructure,
• 8:56
  Speaker 6: part of by reposed distributor latter technology which basically pre
• 9:00
  Speaker 6: existing domestic payments system called the Thinking system. It also
• 9:05
  Speaker 6: can be applied for a crossmarder payments as well.
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  Speaker 1: So very very far in terms of the advancement of
• 9:12
  Speaker 1: what we've seen payments, and I think we're going to
• 9:14
  Speaker 1: see Asian You hear me talk about this a lot,
• 9:17
  Speaker 1: is that these mechas for blockchain and where a lot
• 9:20
  Speaker 1: of this technology is really going to I think accelerate
• 9:23
  Speaker 1: Asia being one of them, Japan being one of the
• 9:25
  Speaker 1: stars out there. As you guys will remember, we did
• 9:28
  Speaker 1: a video on sonium and the idea was is that
• 9:32
  Speaker 1: the Japanese are getting behind blockchain is specifically around Sonium
• 9:36
  Speaker 1: in a huge way, so their support level is over
• 9:39
  Speaker 1: the top versus what we see here in the US
• 9:41
  Speaker 1: where there's a lot of pushback from regulatory framework. And
• 9:44
  Speaker 1: when you think about that and you look forward to
• 9:47
  Speaker 1: what some of the authorities are doing, take a look
• 9:50
  Speaker 1: at this tweet right here. Here's the Digital Minister of
• 9:53
  Speaker 1: the Japanese government of course being involved in this, and
• 9:57
  Speaker 1: this is the whole vision of where Japan is trying
• 9:59
  Speaker 1: to go mainstream essentially around what digital assets are going
• 10:03
  Speaker 1: to do and a lot of these kind of technologies. Furthermore,
• 10:06
  Speaker 1: if you look at just the nick right here, continued
• 10:09
  Speaker 1: very similar to the S and P, but a continued movement.
• 10:12
  Speaker 1: We're seeing a lot of liquidity coming into the market.
• 10:14
  Speaker 1: And then lastly right here, guess who that is. That's
• 10:17
  Speaker 1: Brad garling House right next to the Digital Minister right there,
• 10:21
  Speaker 1: Tokyo this week, Japan's leaders are committed to advancing crypto.
• 10:24
  Speaker 1: You get the point. There is partnerships brewing here in
• 10:28
  Speaker 1: a very big way for the future of blockchains. So
• 10:31
  Speaker 1: be paying attention to a lot of these correlated scenarios
• 10:34
  Speaker 1: because they could mean big, big things for XRP as
• 10:38
  Speaker 1: a whole. I've got one more clip here on talking
• 10:41
  Speaker 1: about the Japanese stable coin. Take a look, you.
• 10:44
  Speaker 5: Could be launching your stable coin a bit faster than
• 10:47
  Speaker 5: most people thought.
• 10:48
  Speaker 4: Do everything. We can't launch this year, well, first issue
• 10:51
  Speaker 4: it we expect in the US, but we think there's
• 10:53
  Speaker 4: opportunity for stable coins globally and certainly Japan. As you,
• 10:57
  Speaker 4: I think probably know that it proved some legislation a
• 10:59
  Speaker 4: year ago that came into effect this year, and so
• 11:01
  Speaker 4: there's a process underway now to do stable coins here
• 11:04
  Speaker 4: in Japan as well.
• 11:05
  Speaker 5: So if you're imagining a stable coin in Japan, what's
• 11:08
  Speaker 5: a timeframe?
• 11:09
  Speaker 4: Well, I think right now Ripple in particular is focused
• 11:12
  Speaker 4: on let's get live with the US dollar stable coin.
• 11:14
  Speaker 4: But I think there will be people will want to
• 11:17
  Speaker 4: hold yen stable coins, and I think that's only a
• 11:19
  Speaker 4: matter of time, and there's some companies going through the
• 11:22
  Speaker 4: licensing process right now to get live. Ripple way back
• 11:24
  Speaker 4: in twenty sixteen partnered with SBI and that's been a
• 11:28
  Speaker 4: really successful partnership for us and for them.
• 11:31
  Speaker 1: He said, a couple of good things there. This is
• 11:32
  Speaker 1: the chart right here are just showing, you know, kind
• 11:34
  Speaker 1: of the money transfer business how it works. But there's
• 11:37
  Speaker 1: SBI and how Ripple is involved in that. And he
• 11:40
  Speaker 1: also made another statement in that interview right there, and
• 11:42
  Speaker 1: that is that they're really targeted with the stable coin
• 11:46
  Speaker 1: here in the US, but right behind it on the heels,
• 11:49
  Speaker 1: we could see something accelerated for Japan, which would be huge.
• 11:52
  Speaker 1: So here's SBI's every bank of Japan will use Ripple's
• 11:55
  Speaker 1: XRP by twenty twenty five. I mean we're talking about
• 11:58
  Speaker 1: just next year, guys. So this is a significant opportunity
• 12:01
  Speaker 1: for Ripple. It does mean that this could be something
• 12:05
  Speaker 1: on the forefront for where Whipple could go as a
• 12:08
  Speaker 1: token in terms of XRP. Further into this, of course,
• 12:11
  Speaker 1: just remember Swell event. Now you kind of picture all
• 12:15
  Speaker 1: of this. There's other things that are happening here in
• 12:18
  Speaker 1: Miami almost on the same well it's almost on the
• 12:20
  Speaker 1: same day, but it's right after. And what is that, Well,
• 12:23
  Speaker 1: it's Robin Hood. Robin Hood is going to be doing
• 12:27
  Speaker 1: their event on the heels of the XRP event, the
• 12:30
  Speaker 1: Ripple event, and it's just interesting. They're going to be
• 12:33
  Speaker 1: launching what do they say, legendary new trading products. What
• 12:37
  Speaker 1: does that mean and is there a correlation here? Maybe
• 12:41
  Speaker 1: we're just thinking into this, but is there something a
• 12:43
  Speaker 1: little bit more tied into it. Let's go look at
• 12:47
  Speaker 1: this event. If you go down and look at the speakers,
• 12:50
  Speaker 1: one of the things you'll note there's Jeremy a Layer,
• 12:53
  Speaker 1: so this is interesting. Then you go in further there's
• 12:56
  Speaker 1: Ed Felton off Chain Labs. So these are crypto experts
• 13:00
  Speaker 1: and also leads within their own company, and it's likely
• 13:04
  Speaker 1: that we're going to see something big on the crypto
• 13:07
  Speaker 1: side of things. If you look further into their sponsorships,
• 13:10
  Speaker 1: most of the sponsors are trad FI. But why do
• 13:14
  Speaker 1: they have a bunch of crypto people on there? Of
• 13:16
  Speaker 1: TRADFI is all their sponsors. That means they're going to
• 13:18
  Speaker 1: be launching a crypto product, so that could be one
• 13:21
  Speaker 1: of the big surprises. Let's take a look at the
• 13:23
  Speaker 1: EU site for Robinhood. Here's the supported crypto. As you'll
• 13:27
  Speaker 1: notice further on down the list right there is XRP supported.
• 13:31
  Speaker 1: What happens if we get a listing for XRP on
• 13:34
  Speaker 1: Robinhood could be a big bump and also an opportunity
• 13:37
  Speaker 1: of this all time together. Last up is the tie
• 13:40
  Speaker 1: into gaming ready Verse. If you guys didn't watch our
• 13:42
  Speaker 1: Ready Verse video, go back and check that out because
• 13:44
  Speaker 1: it kind of explains a little bit more. But their
• 13:45
  Speaker 1: Battle Royale game is now going to be revealing a
• 13:47
  Speaker 1: brand new partnership. This will be going out with Wetta
• 13:50
  Speaker 1: Workshop and this again gets back into interoperability inside XRP.
• 13:56
  Speaker 1: So big opportunities here definitely across a lot of different
• 13:59
  Speaker 1: area areas, including stable coins, rbas. You see the extent
• 14:03
  Speaker 1: of what XRP we'll be able to do. Last up,
• 14:06
  Speaker 1: of course Root Network excited to have Root Network native
• 14:10
  Speaker 1: Root coming to bitmark Exchange. Again, this is going to
• 14:12
  Speaker 1: be moving as well, so this could be another token
• 14:16
  Speaker 1: that could be benefit from benefiting from this kind of ecosystem.
• 14:19
  Speaker 1: So you've got axel, Lar, Layer zero, obviously, Root, and
• 14:23
  Speaker 1: many others that could play into this. So just pay attention.
• 14:27
  Speaker 1: We could see something big here in October in the
• 14:29
  Speaker 1: XRP ecosystem. Stay tuned right here on the show, and
• 14:33
  Speaker 1: of course if you're not in the Diamond circle, get
• 14:34
  Speaker 1: in right now. It's a great place to get additional content.
• 14:37
  Speaker 1: Follow me on x at Paul Baron. We'll catch you
• 14:39
  Speaker 1: next time, right here on tech Path