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Could XRP Flip Bitcoin & Ethereum?🚀w/ Mickle XRP · The Paul Barron Crypto Show

0:05
Speaker 1: All right, everybody, today we're going to be breaking down XRP.
0:08
Speaker 1: What's happening with Ripple and is it about to have
0:11
Speaker 1: a massive breakout? You don't want to miss it. I've
0:14
Speaker 1: got a special guest today as well. My name is
0:16
Speaker 1: Paul Berre. Welcome back in the tech path. I do
0:18
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0:20
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0:46
Speaker 1: to get rolling. Listen, We've we've never had this gentleman
0:50
Speaker 1: on before, but I want to bring in someone that
0:53
Speaker 1: we've been watching for quite some time in the XRP ecosystem.
0:57
Speaker 1: Then of course you guys know him out there as
0:59
Speaker 1: Michel coming in. Hey, Connor, how are you good.
1:03
Speaker 2: How are you. It's a pleasure to be here and
1:05
Speaker 2: always a big fan of your show, so just happy
1:07
Speaker 2: to come on board.
1:09
Speaker 1: Yeah, it's gonna be fun. If you guys haven't checked
1:11
Speaker 1: his YouTube page out, just go over You can search
1:14
Speaker 1: Michel XRP right there some of his most recent videos.
1:17
Speaker 1: We'll be talking about that going to a billion users
1:20
Speaker 1: and possibly the ETF what kind of impact that it's
1:23
Speaker 1: going to have. But go over there hit subscribe. I'm
1:25
Speaker 1: gonna do it right now. I am now a subscriber
1:29
Speaker 1: of Michel XRP. So let's jump into it today. I
1:32
Speaker 1: want to get into a few things, Connor, and one
1:35
Speaker 1: of the things I want to get into is the
1:37
Speaker 1: whole news here with coinbase. This is an interesting evolution
1:41
Speaker 1: of what coinbase is doing. Obviously they're announcing their derivatives,
1:45
Speaker 1: all of that coming under now the coinbase banner. First
1:49
Speaker 1: of all, what do you think about this release of information?
1:52
Speaker 1: Do you feel like this news is big news for
1:54
Speaker 1: the community or is this something that's kind of secondary.
1:58
Speaker 2: Well, I think it's more big news for institutional use
2:02
Speaker 2: cases hedging and building more complex structures with XRP. In
2:08
Speaker 2: terms of the derivatives, I don't think it's something your
2:10
Speaker 2: average user is going to do a lot of interaction with.
2:13
Speaker 2: But one of the things we've personally been faced with
2:16
Speaker 2: is just having some of those structured products on trusted exchanges,
2:22
Speaker 2: especially in the United States right now, to get that
2:24
Speaker 2: kind of liquidity, a lot of the times you have
2:26
Speaker 2: to go to offshore firms. Coinbase obviously has a great
2:29
Speaker 2: reputation here in the United States, and so just to
2:32
Speaker 2: have some of those more complex feature sets around being
2:35
Speaker 2: able to trade price and just do more intricate financial products,
2:40
Speaker 2: it's really nice to have that in the United States.
2:42
Speaker 2: There's a lot of larger firms offshore, but sometimes that
2:47
Speaker 2: can create potential issues, and also you're also dealing with
2:50
Speaker 2: counterparties who you might not be as comfortable with.
2:52
Speaker 3: So just having those more.
2:54
Speaker 2: Sophisticated products rather than just obviously spot is very very
2:58
Speaker 2: useful to anyone building out more complex structured products.
3:02
Speaker 3: So it's a great advancement there. Like I said, probably
3:05
Speaker 3: a little less.
3:06
Speaker 2: Interesting for your average user, but I'm still going to
3:09
Speaker 2: be very beneficial into bringing larger, more sophisticated people into
3:13
Speaker 2: the space.
3:14
Speaker 1: Which that'll be good I think for XRP in general,
3:16
Speaker 1: because it's going to open that up to the traditional
3:19
Speaker 1: investment house as well as potential other structured capital out
3:23
Speaker 1: there that might want to go the direction of derivatives,
3:27
Speaker 1: which is good. I think that's going to you know,
3:29
Speaker 1: kind of rising tide lifts all bolts. Let's go over
3:32
Speaker 1: to the topic of banking, because now that we've got
3:36
Speaker 1: somewhat of a regulatory alignment coming out of this administration,
3:40
Speaker 1: Crypto is now going over and knocking on the door
3:43
Speaker 1: of the banking world that basically has been shutting them
3:47
Speaker 1: out for the last five to eight years, and they're
3:49
Speaker 1: actually coming in and saying, hey, yeah, maybe it's time
3:52
Speaker 1: for us to go in and get a bank charter.
3:53
Speaker 1: You've got Circle Bitco as well as others going into this.
3:58
Speaker 1: At the same time, you've got Ripple, of course, which
4:01
Speaker 1: has already kind of been in this lane. Do you
4:03
Speaker 1: feel like this is going to be something that will
4:05
Speaker 1: be competitive to what Ripple's future is from a banking
4:09
Speaker 1: ecosystem side.
4:11
Speaker 2: Yeah, I actually think it's going to be pretty different.
4:14
Speaker 2: And I have a little bit of a unique insight
4:17
Speaker 2: here because personally, I've gotten to work with Anchorage Digital,
4:22
Speaker 2: who is the only federally chartered occ bank at the moment,
4:27
Speaker 2: and the way I kind of see this going is
4:29
Speaker 2: that a lot of these cryptocurrency banks will sit as
4:33
Speaker 2: the infrastructure for more of the traditional banks. I don't
4:36
Speaker 2: think a lot of traditional banks are really going to
4:39
Speaker 2: figure out crypto currency infrastructure, and they're going to rely
4:42
Speaker 2: on a lot of the players like your ripples, your anchorages,
4:45
Speaker 2: your coinbase to provide that level of custody for their clients. Now,
4:52
Speaker 2: I still do think that there's going to be those
4:54
Speaker 2: traditional banks as well, and then they're going to lean
4:57
Speaker 2: on some of these more crypto currency focused banks in
5:00
Speaker 2: order to do that part of what they're holding is
5:03
Speaker 2: and maybe in five to ten years from now, you'll
5:06
Speaker 2: see a lot of these cryptocurrency banks becoming a lot
5:09
Speaker 2: more full scope and really disrupting the status quo and
5:13
Speaker 2: bringing a lot of those more traditional products. But I
5:16
Speaker 2: think one of the biggest pieces that the industry has
5:19
Speaker 2: really been missing is that banking license, because there's a
5:23
Speaker 2: lot of things that get into the weeds of client
5:27
Speaker 2: protections that not a lot of people really focus on
5:30
Speaker 2: when it comes to players like coinbase, and when it
5:33
Speaker 2: comes to different players who are not a federally chartered bank,
5:37
Speaker 2: so Anchorage is able to square that with the OCC
5:40
Speaker 2: back in twenty twenty. They were the first ones to
5:42
Speaker 2: do it, and it brings in a level of client
5:44
Speaker 2: protections that are very important. I think ultimately it's going
5:48
Speaker 2: to be commonplace for a lot of these different firms
5:51
Speaker 2: to apply for that licenses because it allows them to
5:54
Speaker 2: protect clients the way they can't really do now. But
5:57
Speaker 2: in the interim, I think a lot of these will
6:00
Speaker 2: really set as infrastructure players for a lot of the
6:03
Speaker 2: more traditional banking world because I don't see them building
6:06
Speaker 2: it themselves, and if you take a look at who
6:09
Speaker 2: people are integrated with, who they're leaning on, it's actually
6:12
Speaker 2: already pretty obvious they aren't planning on building it themselves.
6:16
Speaker 2: So I think this is going to be a really
6:17
Speaker 2: big step in taking those billions of clients that these
6:22
Speaker 2: institutions already have and rather than sending them off and saying, hey,
6:26
Speaker 2: we're not going to service this, you have to go
6:28
Speaker 2: use this other provider, being like, hey, we can now
6:31
Speaker 2: do this, whether or not that's them actually doing it,
6:34
Speaker 2: or just have an API to kind of their back
6:36
Speaker 2: end to a cryptocurrency company who's better at it. That's
6:39
Speaker 2: where I think this is going towards pretty rapidly well.
6:42
Speaker 1: And I think the banking ecosystem is very adept at
6:46
Speaker 1: being able to develop these partnerships, and they've done it
6:49
Speaker 1: in many different sectors, including the If you think about
6:52
Speaker 1: merchant services along MasterCard, Visa, a lot of that is integrated,
6:56
Speaker 1: you know, and in many cases even if you look
6:58
Speaker 1: at Stripe, because there's a lot a lot of companies
7:00
Speaker 1: that have already started to use third party services. I
7:03
Speaker 1: know the banks now are trying to catch up in
7:05
Speaker 1: that space. I don't know that they ever will, So
7:08
Speaker 1: to your point, that is a big one. If you
7:11
Speaker 1: compare this also to what's happening with XRP Ledger and
7:16
Speaker 1: them getting it into hidden road, this of course could
7:19
Speaker 1: change things up quite a bit here in terms of
7:21
Speaker 1: prime brokerage services. Do you think this will have any
7:24
Speaker 1: competitive layer into some of the services that might be
7:28
Speaker 1: offered by let's say a Bank of America or a
7:32
Speaker 1: Chase or someone like that that would be able to
7:34
Speaker 1: partner with someone like a coinbase or a Robinhood, whoever
7:38
Speaker 1: it might be, that would be a potential utility.
7:41
Speaker 2: Yeah, I see it as competition on a different level.
7:46
Speaker 2: So I don't see it necessarily competition on a retail
7:50
Speaker 2: account level, but in terms of a higher level clearing
7:55
Speaker 2: service and more institutional kind of use cases for structure
8:00
Speaker 2: products and stuff like that that would trickle down to
8:03
Speaker 2: the underlying users. I see that being a huge application
8:06
Speaker 2: here at the end of the day. Normally, when a
8:08
Speaker 2: bank is building any kind of structured product or anything
8:11
Speaker 2: like that, right, they're not building it out at the
8:12
Speaker 2: account level.
8:13
Speaker 3: It's normally a larger fund or larger.
8:16
Speaker 2: Product that they've built out that clients will be able
8:19
Speaker 2: to get access to. And when it comes to that
8:21
Speaker 2: back end clearing, tokenization, issuance, any kind of more structured
8:27
Speaker 2: margin product, I think that all happens at a higher
8:30
Speaker 2: level using someone like a hidden road. And I think
8:33
Speaker 2: this is kind of Ripple's big strategy, right, Like, if
8:36
Speaker 2: you want to get a billion users using blockchain technology, well,
8:40
Speaker 2: the vast majority of those billion users have no interest
8:43
Speaker 2: holding a wallet or doing all these other things, right,
8:45
Speaker 2: They just want the advantages of the technology. And if
8:48
Speaker 2: you're a bank, right, you probably don't want to be
8:50
Speaker 2: coaching all your clients through it a seat phrase and
8:53
Speaker 2: all that stuff. So they want to be able to
8:55
Speaker 2: use the technology, but they want to be able to
8:57
Speaker 2: make it as low touch and ideally not even have
9:00
Speaker 2: their clients even have to know that these things are happening.
9:03
Speaker 2: So I think a lot of that's going to happen
9:05
Speaker 2: at the higher level. I think that's where hidden Road
9:07
Speaker 2: really comes in, and then they're able to go to
9:09
Speaker 2: their clients and offer these more efficient, better products for
9:13
Speaker 2: them that leverage the power of blockchain technology without the
9:16
Speaker 2: users really ever having to see a big difference there.
9:19
Speaker 2: So that's how I think Ripple's kind of always structured
9:23
Speaker 2: a lot of what they do. Even if you look
9:26
Speaker 2: at how they interact with a lot of their clients
9:28
Speaker 2: and on their marketing, their clients might be using XRP,
9:31
Speaker 2: but they don't bring it to the client saying, hey
9:34
Speaker 2: you need to do this calculation, send over this much XRP,
9:38
Speaker 2: swap it. It's really always from Ripple's perspective, Hey, you're
9:41
Speaker 2: going to be using the power cryptocurrency, and if you
9:44
Speaker 2: don't want to know about how that's happening, you.
9:46
Speaker 3: Don't have to.
9:47
Speaker 2: And I think that's kind to kind of be like
9:49
Speaker 2: that plumbing piece being put into a lot of these
9:51
Speaker 2: institutions that's going to be the most important part, and
9:55
Speaker 2: hidden road kind of acts as that bridge from more
9:57
Speaker 2: the traditional financial product sets out there, structured income clearing,
10:04
Speaker 2: large equity sales, large currency FX and bridging that over
10:09
Speaker 2: now to the cryptocurrency world. So these two different things
10:11
Speaker 2: can really interact on a higher level.
10:14
Speaker 1: Yeah, And one thing I think that a lot of
10:15
Speaker 1: people don't realize is once that we get mainstream services
10:21
Speaker 1: and adoption like that, the likelihood of those users, those
10:26
Speaker 1: investors just in everyday people, they're going to start to
10:30
Speaker 1: explore things, and I think that's when maybe they start
10:33
Speaker 1: to get into, you know, the XRP ledger ecosystem, start
10:37
Speaker 1: to understand how they can go out there and truly
10:40
Speaker 1: get into crypto in general. Hopefully they're watching our shows.
10:44
Speaker 2: Well, I know, we have a DeFi segment later, so
10:46
Speaker 2: more than half we're hit it that specifically. It's it's
10:49
Speaker 2: a very interesting question. I think I have a different
10:51
Speaker 2: viewpoint than you might expect there.
10:53
Speaker 1: All right, well, good, let's get into this, and that
10:56
Speaker 1: is a potential national XRP reserve. Now this this was
11:00
Speaker 1: a little bit high there for a minute back here
11:02
Speaker 1: in February, after you know, Garling House and the team
11:06
Speaker 1: of Ripple made their mar A Lago accord meeting. I
11:10
Speaker 1: feel like it seems like everybody's in mar A Lago
11:14
Speaker 1: these days, but now it's dropped down to around twenty
11:16
Speaker 1: percent possibility. What do you think you think we're going
11:19
Speaker 1: to get XRP in the reserve.
11:22
Speaker 2: I do hope if there is an XRP reserve there's
11:26
Speaker 2: a little bit more of a reason for it. I
11:29
Speaker 2: would love to see some kind of higher level partnership
11:32
Speaker 2: between Ripple and the United States government and have some
11:37
Speaker 2: liquidity reasons to be holding a significant portion of XRP.
11:41
Speaker 2: If it is just on the investment standpoint, if it's
11:44
Speaker 2: just like, hey, we want to be able to hold
11:46
Speaker 2: and allocate to this asset, I mean.
11:48
Speaker 3: That's great as well.
11:49
Speaker 2: But I don't know if I necessarily have any kind
11:51
Speaker 2: of idea on when the government would kind of say, hey,
11:56
Speaker 2: now's the time we want to start allocating to more
11:59
Speaker 2: crypto assets other than bitcoin. I mean, to be honest,
12:02
Speaker 2: it kind of seemed like that was the plan, and
12:04
Speaker 2: then a subset of people got kind of mad about it,
12:07
Speaker 2: and we're complaining, and then they walked it back.
12:10
Speaker 3: So I don't know.
12:10
Speaker 2: To me, it seems like they had this idea and
12:13
Speaker 2: this concept, and then you had some infighting on what
12:17
Speaker 2: actually got put it across. So I don't know how
12:19
Speaker 2: powerful that is. I don't know if it was more
12:21
Speaker 2: of Okay, we'll appease you in the short term and
12:23
Speaker 2: then we'll do what we wanted to over the long term,
12:26
Speaker 2: or they like totally flip their idea and now they
12:28
Speaker 2: don't want to touch anything other than bitcoin. That's what
12:31
Speaker 2: I'm not really sure about. I mean, over the long run,
12:34
Speaker 2: I don't think it really matters, because I think these
12:36
Speaker 2: technologies will prove themselves out. In the United States government
12:39
Speaker 2: will kind of be sitting there in the same way
12:41
Speaker 2: they kind of ignored bitcoin for so long, saying, hey, well,
12:44
Speaker 2: now we're ignoring this other thing that we wanted to
12:47
Speaker 2: be able to hold as a reserve, and we didn't
12:50
Speaker 2: do it because there was controversy at the time. But
12:52
Speaker 2: I think more adoption, more priced appreciation for the underlying asset,
12:57
Speaker 2: and we'll be kind of back in the same exact
12:59
Speaker 2: thing now now it's XRP being added, and then some
13:02
Speaker 2: other community will say, oh, why is an art thing
13:04
Speaker 2: being added? And as these things get more and more adopted,
13:07
Speaker 2: it will be easier for them to justify it and
13:10
Speaker 2: kind of get through it. But yeah, I think ultimately,
13:13
Speaker 2: at the end of the day, I think the entire
13:14
Speaker 2: decision making process there was a little fuzzy, and probably
13:19
Speaker 2: time more than anything, fixes that well.
13:21
Speaker 1: And you kind of have to compare a little bit
13:24
Speaker 1: because in this there's no other crypto that has been
13:28
Speaker 1: in the crosshairs at least from a legal standpoint now
13:30
Speaker 1: with a fine that maybe the Treasury Department could reroute
13:35
Speaker 1: that fine and say, well, we're going to take that
13:37
Speaker 1: fine and just turn it into xarpie tokens, put it
13:40
Speaker 1: in a strategic reserve. Maybe that would be an angle
13:43
Speaker 1: in which the Trump administration could pull that off. David
13:46
Speaker 1: Sachs might try it.
13:48
Speaker 2: Bradd also said that he was interested in paying it
13:51
Speaker 2: in XRP. I know that was something he dropped in
13:53
Speaker 2: an interview. So I think it makes a ton of
13:56
Speaker 2: sense to be able to do that. I think it
13:57
Speaker 2: would be very cool to see it happen. But in
14:00
Speaker 2: terms of like what that means for the ecosystem, right,
14:03
Speaker 2: like for me, you in the United States government holding
14:06
Speaker 2: XRP cool and interesting, But in terms of like Tier
14:09
Speaker 2: one banks actually putting that in as rails forth kind
14:12
Speaker 2: of their financial plumbing. That to me is something that
14:15
Speaker 2: gets me a lot more excited than Ripple paying a
14:18
Speaker 2: fine in the United States government having a little bag
14:20
Speaker 2: of XRP.
14:21
Speaker 1: Yeah, I agree with you. I think the banking rails
14:24
Speaker 1: are kind of the holy grail of that. Speaking of that,
14:27
Speaker 1: when you look at the holy grail of valuation right now,
14:30
Speaker 1: XRP holding right here on coin market cap, we're holding
14:34
Speaker 1: position right now right, Yeah, one twenty one, one hundred
14:38
Speaker 1: and twenty one built. So the likelihood of flipping eth,
14:42
Speaker 1: and this is something that people talk about all the time,
14:46
Speaker 1: possibly if it accelerated. If you compare this and I
14:49
Speaker 1: was looking at this today right now, and I'll zoom
14:52
Speaker 1: in on this, if it were to flip Ether, and
14:54
Speaker 1: that's if Eth wasn't moving now granted Eth hasn't been
14:56
Speaker 1: moving much. It would only have to get to a
14:59
Speaker 1: three dollars and thirty three sent price to flip Eth
15:02
Speaker 1: with little movement on eath. With bitcoin, it's a bit
15:06
Speaker 1: of a challenge. That's almost twenty nine dollars a share,
15:10
Speaker 1: or I should say a token. So what do you
15:13
Speaker 1: think do you think this is a possibility that we
15:15
Speaker 1: could see XORP back in the number two slot.
15:18
Speaker 2: Yeah, I'll give you kind of my controversial take to
15:21
Speaker 2: start here, and that's that, in my opinion, XRP has
15:24
Speaker 2: already flipped ethereum. When you look at the market cap
15:28
Speaker 2: calculation for how they even do market cap, they're taking
15:32
Speaker 2: circulating supply, which is like kind of a weird metric
15:36
Speaker 2: to start rather than just using the total available tokens.
15:40
Speaker 2: But if you look at what they're taking for ethereum
15:42
Speaker 2: circulating supply, they're taking every token in existence. For XRP,
15:48
Speaker 2: they're cutting out what ripples holding an escrow. But from
15:52
Speaker 2: a market cap perspective, all of those tokens have already
15:55
Speaker 2: been issued by the ledger. All of those tokens have
15:58
Speaker 2: been in the circular supply before. Now they're just locked up.
16:03
Speaker 2: And I kind of asked the question, why do we
16:06
Speaker 2: count Sutoshi's wallet for circulating supply? Why do we count
16:11
Speaker 2: the ethereum foundations there? Why do we count their ethereum
16:14
Speaker 2: towards circulating supply? But you don't count ripples escro of XRP.
16:20
Speaker 2: So for me, the whole kind of calculation for market
16:24
Speaker 2: cap is already a little weird not counting so many
16:27
Speaker 2: of those tokens. And then to add to that weirdness,
16:31
Speaker 2: if you take a look at what coin market caps
16:33
Speaker 2: reporting on the fifty six billion that they use to
16:36
Speaker 2: create that number, that's actually not even the real circulating
16:41
Speaker 2: supply because there's only like thirty six billion left in escrow,
16:45
Speaker 2: so even that number is lagging quite a bit long
16:48
Speaker 2: winded way of saying, I think we're actually a lot
16:50
Speaker 2: closer to flipping ethereum than the coin mark cap numbers
16:54
Speaker 2: even show, but I think it's a high degree of likelihood.
16:57
Speaker 3: I mean, the interesting thing is is one and any kind.
17:00
Speaker 2: Of different reported numbers from how coin market cap is
17:03
Speaker 2: even looking at circulating supply in terms of getting that
17:07
Speaker 2: number correct and having the appropriate circulating supply probably makes
17:11
Speaker 2: it so we only need a three dollar XRP to
17:15
Speaker 2: flip ethereum. And then on top of that, I mean,
17:18
Speaker 2: the last six months XRP is outperformed ethereum. And I'll
17:22
Speaker 2: tell you right now, and this is the interesting thing.
17:24
Speaker 2: Not a lot of people realize when it comes down
17:27
Speaker 2: to like the allocation of these cryptocurrency assets by your
17:32
Speaker 2: more typical traditional financial advisors and stuff like that, there's not.
17:37
Speaker 3: A lot of rigor to it.
17:38
Speaker 2: They say, Okay, you should hold bitcoin because that's the
17:41
Speaker 2: biggest thing, and then we'll hedge that position with a
17:43
Speaker 2: little bit of the second biggest thing. But there's not
17:46
Speaker 2: a lot of like, oh, because we believe in the
17:48
Speaker 2: functionality of ethereum, the smart contract, like, it doesn't really
17:52
Speaker 2: get to that like you would. You think it would,
17:55
Speaker 2: but it's a little it's a little lazier. And I
17:58
Speaker 2: think if you and you're already hearing this, as ethereum
18:02
Speaker 2: continues to underperform XRP, a lot of people are asking
18:06
Speaker 2: the question like, hey, why am I even allocated to
18:09
Speaker 2: this Ethereum thing anymore? Because they're not making the decision
18:13
Speaker 2: based off of the underlying network. They're making it based
18:16
Speaker 2: off of what is going up now. So I already
18:19
Speaker 2: think you're starting to see some of that reallocation.
18:22
Speaker 3: And I think with.
18:22
Speaker 2: The case off of Ripple, when you see a lot
18:25
Speaker 2: of these ETFs launching, it's just going to add fuel
18:28
Speaker 2: to the fire. And I wouldn't be surprised if it's
18:31
Speaker 2: one of these things. A combination of these things all
18:34
Speaker 2: kind of lead to XRP flipping ethereum. But My last
18:38
Speaker 2: note here is XRP had already flipped the theoreum prior
18:41
Speaker 2: to the case. If you go look at the ETH
18:43
Speaker 2: to XRP ratio chart. Just so happened that as soon
18:47
Speaker 2: as there is the investigation into Ripple and XRP, XRP
18:50
Speaker 2: started underperforming ETH, and as soon as the case was over,
18:55
Speaker 2: XRP starts outperforming ETH. So it almost seems like we're
18:58
Speaker 2: just back to the norm here and we don't have
19:00
Speaker 2: this weight on the XRP XRP shoulders.
19:04
Speaker 1: Well to your point, you're looking at back in November.
19:07
Speaker 1: This is the weekly chart right now on ETH versus
19:10
Speaker 1: XRP right here, and you guys can see it now.
19:13
Speaker 1: There is a very interesting line of defense that we
19:15
Speaker 1: are on right now. Connor, do you think this is
19:20
Speaker 1: the point in which we see a breakout, because this
19:22
Speaker 1: is the first time we've really retested this really if
19:26
Speaker 1: you go back, I mean this goes back way into
19:28
Speaker 1: when was the last time we looked at this position
19:30
Speaker 1: on an upward trend, back of September twenty eighteen.
19:34
Speaker 2: Yeah, and funny enough, that was when September of twenty
19:37
Speaker 2: eighteen was when the SEC came out and around that
19:40
Speaker 2: time gave the legal clarity to Ethereum and kind of
19:44
Speaker 2: slammed it down everything else, with the obvious investigation dropping
19:48
Speaker 2: into Ripple only a couple weeks later.
19:51
Speaker 3: So I think the timing of that performance.
19:53
Speaker 2: Is also interesting as well, because let's face it, right,
19:57
Speaker 2: like a lot of people did sort of know these
19:59
Speaker 2: things going on, and if you were a large fund
20:02
Speaker 2: invested in crypto like and you had an idea these
20:05
Speaker 2: things were going to drop, obviously you had to wait
20:07
Speaker 2: towards eth rather than next RP. But no, I think
20:10
Speaker 2: this is kind of a huge zone, and you pointed
20:12
Speaker 2: out the exact zone I've been talking about on my
20:14
Speaker 2: live streams as well. I think it's gonna be interesting
20:17
Speaker 2: to see what the catalyst is. Is it those ETFs
20:20
Speaker 2: getting more certainty on when they're getting pushed through the door,
20:23
Speaker 2: is it them going live, is it the actual voting
20:27
Speaker 2: on of the commissioned and the case in totality, or
20:31
Speaker 2: maybe it's just an announcement no one's been expecting in
20:34
Speaker 2: terms of some financial institution signing some contract and coming
20:38
Speaker 2: more public with Ripple about it. But I think there's
20:41
Speaker 2: a lot of potential catalysts that could do it and
20:43
Speaker 2: I just don't see that same momentum in the ethereum
20:46
Speaker 2: ecosystem right now. It seems like there's quite a few
20:49
Speaker 2: of outstanding issues that you know, as an ethereum holder myself,
20:54
Speaker 2: I was kind of hoping these things would have gotten
20:56
Speaker 2: fixed and solved quite a bit ago, and it just
20:58
Speaker 2: seems like they continue to lag and nag, and you know,
21:02
Speaker 2: you kind of see these potential fixes come in, but
21:04
Speaker 2: then a lot of the other issues are still sticky.
21:07
Speaker 2: So I don't know if that's weighing on price performance,
21:10
Speaker 2: if it's just in general these other cryptocurrency networks gaining
21:13
Speaker 2: a lot more adoption, but I think that performance is
21:17
Speaker 2: going to hurt, especially when it comes down to those
21:20
Speaker 2: asset managers who are just putting money in ethereum because
21:24
Speaker 2: it's the second biggest thing.
21:26
Speaker 1: Well, yeah, to your point, I'm back to the whole
21:28
Speaker 1: idea of asset managers that are really looking at crypto.
21:31
Speaker 1: I think to the point that most asset managers I know,
21:35
Speaker 1: many of the money managers I talked to that talk
21:37
Speaker 1: about well, what's you know, what's an alternative to hedge
21:40
Speaker 1: against bitcoin. One of the things that they always bring
21:43
Speaker 1: up is still the legal scenario that XRP faced are
21:47
Speaker 1: ripple face. So I think a lot of that was
21:49
Speaker 1: still you know, kind of under the bridge in the
21:52
Speaker 1: sense of asset managers. Maybe they haven't completely got onto
21:57
Speaker 1: the idea of this is over and maybe there is
22:01
Speaker 1: going to be something that will flow into that. Now,
22:03
Speaker 1: one thing that will happen is if we start to
22:05
Speaker 1: see another network move into this. I was looking at
22:08
Speaker 1: the Phantom blog and they were going into some of
22:11
Speaker 1: the requests items. Guess what was number one right there
22:14
Speaker 1: adding xrp's ripple chain number one out of all of
22:18
Speaker 1: the different feature requests out of there. Do you think
22:20
Speaker 1: this is a possibility. Can we see Phantom with ripple
22:24
Speaker 1: available over on it?
22:26
Speaker 3: Oh? I would love to see it.
22:28
Speaker 2: And I think it's one of these things these other
22:30
Speaker 2: ecosystems should.
22:32
Speaker 3: Wake up to a bit.
22:33
Speaker 2: I think for a long time it was looked at
22:36
Speaker 2: as like, oh, well, there's like not an XRP community,
22:40
Speaker 2: or people don't want to use their XRP for anything
22:43
Speaker 2: like that. I can tell you that's absolutely not the case.
22:47
Speaker 2: I mean, when it comes to ecosystem size, when it
22:49
Speaker 2: comes to participants, the XRP community is very, very, very
22:55
Speaker 2: large and I think there's a lot of potential benefit
22:58
Speaker 2: from someone like Phantom adding these capabilities. For the longest time,
23:02
Speaker 2: the XRP ledger just didn't have the feature set to
23:04
Speaker 2: support some of this stuff. So it wasn't that people
23:06
Speaker 2: didn't want to do it or there was no appetite.
23:09
Speaker 2: It was just that bridges were really bad. No one
23:11
Speaker 2: really trusted using any bridges, and it was that the
23:14
Speaker 2: XRP ledgers didn't have the native functionality to do some
23:17
Speaker 2: of these things like meme coins or other DeFi related
23:21
Speaker 2: activities natively on the chain. But I think if I
23:24
Speaker 2: was someone like Phantom and I was seeing, like, wait,
23:27
Speaker 2: there's a huge appetite for people over here who want
23:30
Speaker 2: these services and they don't have another way to get it,
23:33
Speaker 2: I mean, it seems like to be a no brainer
23:35
Speaker 2: in terms of saying, Okay, well you have the third
23:37
Speaker 2: biggest asset cryptocurrency here, there's a large amount of untapped
23:43
Speaker 2: potential in terms of building out these services, and there's
23:47
Speaker 2: so much market cap and not a lot of avenues.
23:49
Speaker 2: It just seems like you could really capture a lot
23:51
Speaker 2: of that very quickly. Where some of these ecosystems that
23:54
Speaker 2: are not the XRP Ledger. There's a lot of different
23:58
Speaker 2: ways to access things. There's already kind of native on
24:00
Speaker 2: chain support, so you might get a certain subset of
24:03
Speaker 2: the people over there, but there's kind of a lot
24:05
Speaker 2: of different avenues people can take to maybe do that
24:08
Speaker 2: same exact thing. So I think phantom would be a
24:11
Speaker 2: great addition on the XRP side, and I think they
24:15
Speaker 2: would be extremely surprised with how much volume and how
24:18
Speaker 2: much liquidity would come over from this community for sure.
24:23
Speaker 1: Well, I mean you could even throw in the idea
24:24
Speaker 1: of stable coins coming in RLUSD and into some of
24:28
Speaker 1: the other ecosystems, as we see that being listed now
24:31
Speaker 1: in other places out there. Speaking of the XRB ledger
24:35
Speaker 1: side chain, of the EVM side of things, When you
24:38
Speaker 1: look at this, do you think there's a possibility that
24:40
Speaker 1: we could see Trump's liberty FI finance come into this. Now,
24:45
Speaker 1: remember they're very pro ethereum right now, but it's possible.
24:51
Speaker 1: I mean, what if we could see them roll into this.
24:53
Speaker 1: What kind of impact do you think that would have?
24:56
Speaker 2: Well, the x RAF side chain in general is going
24:59
Speaker 2: to be a very interesting use case for the XRP
25:02
Speaker 2: ledger because it square as one of Ethereum's biggest issues,
25:05
Speaker 2: which is like, hey, like, we want all this functionality,
25:08
Speaker 2: we want people to do whatever they want, but it
25:11
Speaker 2: congest the chain, and having an XRP side chain allows
25:14
Speaker 2: you to add the full functionality people would want in
25:17
Speaker 2: order to build whatever they need, but still have the
25:20
Speaker 2: speed and efficiency safeguarded of the XRP ledger. So in
25:24
Speaker 2: my opinion, it was a really smart way to build
25:27
Speaker 2: this out, Like rather than having all the experimentation and
25:31
Speaker 2: all these different things that might or might not work,
25:34
Speaker 2: might be used, might not be built directly on mainchain
25:37
Speaker 2: and bogging it down, like, hey, go build this in
25:40
Speaker 2: a side chain environment. There'll be a bridge in order
25:43
Speaker 2: to access liquidity back and forth. You as an end
25:46
Speaker 2: user might not even have to know if you're interacting
25:49
Speaker 2: with mainchain or side chain. And then if there's such
25:51
Speaker 2: a good feature set on this side chain that everyone
25:55
Speaker 2: agrees unilaterally should be on mainchain, then you can take
25:59
Speaker 2: that through the amendment process and put it directly into
26:02
Speaker 2: the XRP ledger mainchain.
26:04
Speaker 3: So it's really cool.
26:05
Speaker 2: It kind of separates out that instance you have where
26:08
Speaker 2: builders need super customizable code but want to be able
26:11
Speaker 2: to build in the XRP ledger environment.
26:14
Speaker 3: You can do that on the VM side chain.
26:16
Speaker 2: But also if you have such a good idea and
26:19
Speaker 2: it's such a good proposition that everyone agrees that that
26:23
Speaker 2: should be added to mainchain, you could push it through
26:25
Speaker 2: the amendment process, just like we've seen with clawbacks, the
26:29
Speaker 2: AMM and all these other things, and get that onto
26:31
Speaker 2: the core ledger.
26:32
Speaker 3: So I actually love this.
26:33
Speaker 2: I think a lot of people think they want something
26:37
Speaker 2: and think it would be a really good use case,
26:39
Speaker 2: but it's hard to actually forecast user activity. So being
26:42
Speaker 2: able to bring this onto the side chain, not slow
26:45
Speaker 2: down the mainchain, test it and then push it to
26:47
Speaker 2: mainchain if applicable, or just keep it in the side chain,
26:50
Speaker 2: I think it's a great way to square that. And
26:53
Speaker 2: people like Liberty Financial, I would love to see them
26:55
Speaker 2: coming over and just getting access to a faster, slicker,
26:58
Speaker 2: cleaner ecosystem in order to run their business on. I
27:02
Speaker 2: think going you compare the speed, when you compare the efficiency,
27:05
Speaker 2: when you compare the functionality of the XRP ledger, especially
27:08
Speaker 2: with the EVM side chain, i think it's going to
27:10
Speaker 2: become a more and more obvious obvious place for them
27:15
Speaker 2: to be able to run their business.
27:17
Speaker 1: Well, if you look at other tokens that have that
27:20
Speaker 1: have done EVM side chains, you just look at Flow,
27:23
Speaker 1: I mean what they what happened with Flow in terms
27:26
Speaker 1: of its overall value really started to skyrocket. So that
27:30
Speaker 1: mean in terms of a strategy being used, that's kind
27:33
Speaker 1: of a comparison and that has been very effective in
27:37
Speaker 1: terms of its performance. I want to jump over to
27:40
Speaker 1: RL USD because if you look at the current tracking
27:44
Speaker 1: of stable coin metrics, Ethereum is still kind of holding
27:48
Speaker 1: the top position here obviously as the kingpin. But when
27:53
Speaker 1: you look at XRP Ledger, it's starting to hold in
27:56
Speaker 1: as well. But do you feel like USD would be
28:00
Speaker 1: more efficient on the eth ecosystem then on the XRPL
28:06
Speaker 1: leisure ecosystem? What are your thoughts?
28:09
Speaker 3: No, I think it depends on what you're trying to do.
28:11
Speaker 2: If you're trying to do a payment and you're trying
28:13
Speaker 2: to use it as like a hey, I need to
28:15
Speaker 2: move money from point A to point B, then it
28:18
Speaker 2: obviously makes no sense to be doing it on the
28:20
Speaker 2: Ethereum ecosystem. It's a mess to do it over there.
28:23
Speaker 2: But if you're looking to do DeFi related activities, I
28:26
Speaker 2: mean right now, when it comes to liquidity and volume,
28:30
Speaker 2: Ethereum is still by far the leader in most things DeFi.
28:33
Speaker 2: So if you're just looking for a dollar denominated unit
28:36
Speaker 2: to participate in DeFi, well, right now, a lot of
28:39
Speaker 2: those big protocols are still hosted on Ethereum, And therefore,
28:43
Speaker 2: if you want a trusted stable coin and you want
28:45
Speaker 2: to use ro o USD, then Ethereum makes a ton
28:47
Speaker 2: of sense. But if you're just using the zap money
28:49
Speaker 2: back and forth and using more as a payment scheme,
28:53
Speaker 2: or when we see Hidden Road build out a lot
28:55
Speaker 2: of their prime brokerage services and you need collateral backing
28:59
Speaker 2: a lot of those positions, that's kind of the interesting
29:03
Speaker 2: point where it's like, okay, well you have native native
29:06
Speaker 2: DeFi right, just like crypto native DeFi experience over here
29:10
Speaker 2: on ethereum.
29:11
Speaker 3: But if you could build out a more.
29:13
Speaker 2: Institutional trad FI DeFi environment with Hidden Road, maybe you
29:18
Speaker 2: actually see an even larger use case for a more
29:22
Speaker 2: of a professional structured DeFi environment right happening on chain
29:27
Speaker 2: in a decentralized way. But maybe you still have counterparties
29:31
Speaker 2: mixed in here or there. When it comes to the
29:33
Speaker 2: issuance of assets. Maybe not everything's done by a smart contract.
29:37
Speaker 2: Maybe there is kind of a more manual prime broker
29:40
Speaker 2: that sits in there clearing trades as well. It's just
29:42
Speaker 2: a very interesting idea because that's what Ripple's trying to
29:46
Speaker 2: build out with Hidden Road on the back end in
29:48
Speaker 2: terms of settling on the XRP ledger. RLUSD comes in
29:52
Speaker 2: as liquidity on some of those trades. Suddenly you have
29:56
Speaker 2: like a brand new cryptocurrency prime broker, the XRP ledger
30:01
Speaker 2: and Hidden Roads pushing something like I saw six trillion annually.
30:05
Speaker 2: That's the kind of thing that could take this whole
30:08
Speaker 2: DeFi environmentally right now and flipping.
30:10
Speaker 1: On his head, well, speaking of DeFi, you look at
30:14
Speaker 1: Doppler Finance and the comparison right now. This is just
30:17
Speaker 1: in the dollar value right here as you can kind
30:20
Speaker 1: of see the comparison. But do you feel like when
30:24
Speaker 1: you just think about DeFi in general on XRP, do
30:28
Speaker 1: you feel like this is growing stalled? What do you
30:32
Speaker 1: feel like needs to happen for this to really kind
30:34
Speaker 1: of become a think.
30:36
Speaker 2: Yeah, it's a really interesting question, and I think there's
30:39
Speaker 2: two things people are having a hard time squaring and
30:42
Speaker 2: that's that. Look, a lot of people want DeFi, right,
30:45
Speaker 2: but like in my perspective, they want something that doesn't exist,
30:51
Speaker 2: Like there is DeFi on the XRP ledger with like
30:55
Speaker 2: amms and stuff like that. But the thing that people
30:57
Speaker 2: miss is like these are tools, not structured products, and
31:01
Speaker 2: a lot of people want structured products. Like a lot
31:04
Speaker 2: of people want to be involved in DeFi, but don't
31:07
Speaker 2: want to be the manager behind the DeFi strategy they
31:13
Speaker 2: might be running. So a lot of people really what
31:15
Speaker 2: they are looking for is a way to take tokens,
31:18
Speaker 2: put them with someone, and have some return created on them. Now,
31:23
Speaker 2: whether that's done with all smart contracts, or you have
31:26
Speaker 2: a fund that is doing it, or you have some
31:29
Speaker 2: professional DeFi manager running a specific strategy in which you
31:32
Speaker 2: put your tokens into. That's where I see the future
31:36
Speaker 2: headed a lot more than some magic protocol that creates yield.
31:40
Speaker 2: Could that exist, absolutely, but I still I question whether
31:46
Speaker 2: how sustainable some of the protocols out there today are
31:51
Speaker 2: going to be in five to ten years. A lot
31:54
Speaker 2: of what you look at is yield farming, in which
31:57
Speaker 2: a token's kind of just being printed, and then that
32:01
Speaker 2: printed token is obviously inflating, and that's what you're getting
32:03
Speaker 2: the reward from. And not everything is like that. But
32:06
Speaker 2: the future I see is like, hey, you're working with
32:11
Speaker 2: an investment team. You are able to get allocated to
32:15
Speaker 2: some kind of fund. It's one of the things we've
32:18
Speaker 2: already done where you can put XRP in kind and
32:21
Speaker 2: you actually have investment professionals on the back end able
32:25
Speaker 2: to run a tailored strategy for you where you know,
32:29
Speaker 2: you're not watching the liquidity pool ratios, You're not constantly
32:33
Speaker 2: looking to see, Okay, well this asset just moved against
32:36
Speaker 2: this other asset, Therefore I have to get out of
32:38
Speaker 2: this pool. So I think a lot of people are
32:40
Speaker 2: going to DeFi looking for some kind of structured product
32:45
Speaker 2: where they can just put tokens and forget about it.
32:47
Speaker 2: And that's sort of the thing in the equation that's missing,
32:51
Speaker 2: because the future I see is there will be people
32:54
Speaker 2: who are experts at that, but those people right are
32:57
Speaker 2: going to be very into the we of like running
33:01
Speaker 2: strategies and running these specific things. And I don't think
33:04
Speaker 2: your average user is really looking to spend all day
33:07
Speaker 2: going and sifting through all these different pools and stuff.
33:10
Speaker 2: So I do think the future of DeFi is going
33:12
Speaker 2: to be a mix of both the tools on chain,
33:16
Speaker 2: but for now a human element of actually running the
33:20
Speaker 2: specific strategies using these on chain tools.
33:23
Speaker 1: Yeah. I probably would agree with that, because I think
33:26
Speaker 1: you're exactly right. Getting into DeFi is going to take
33:28
Speaker 1: some time for other than the crypto natives that really
33:33
Speaker 1: understand what's happening within DeFi to get it mainstream. I
33:37
Speaker 1: think is the is the question. Let's talk about r
33:40
Speaker 1: l USD for a second. If you if you look
33:42
Speaker 1: at USDG this of course available on Robinhood packs or Kraken. Yeah,
33:47
Speaker 1: Cracking's got it too. You can see pretty consistent up down,
33:51
Speaker 1: you know, kind of sidestepping in growth overall. But if
33:55
Speaker 1: you compare r l USD, we've had kind of a
33:58
Speaker 1: plateau occur. Explain to me, Connor, why do you think
34:02
Speaker 1: this is happening with what should be, in my opinion,
34:05
Speaker 1: one of the most popular stable coins out there.
34:09
Speaker 2: Yeah, no, it's it's an interesting question. So I think
34:12
Speaker 2: there's a little bit of two parts of it. I
34:15
Speaker 2: think the biggest thing right now in terms of rl
34:19
Speaker 2: USD growth is obviously larger exchange integration in terms of
34:25
Speaker 2: more people being able to purchase that on their more
34:29
Speaker 2: traditional kind of exchanges. Obviously we have that available on Uphold,
34:33
Speaker 2: which is great, but Coinbase would obviously be another big
34:37
Speaker 2: step forward there. And then the other thing is is like, okay,
34:40
Speaker 2: so there's two people really using stable coins. One of
34:43
Speaker 2: those people is Ripple for payments, and the other side
34:47
Speaker 2: is people are using these things as collateral in different
34:50
Speaker 2: DFI protocols in order to get rl us D, especially
34:54
Speaker 2: the Etherium version listed on a lot of these different
34:57
Speaker 2: DeFi protocols. It's happening, but it's a little bit of
35:01
Speaker 2: a cycle that needs to take place. Right you need
35:03
Speaker 2: to get listed, you have to build up liquidity in
35:05
Speaker 2: the pairing that you have to have incentives for people
35:07
Speaker 2: to come in and take advantage of that pairing. So
35:10
Speaker 2: I think in terms of the more DeFi ecosystem level,
35:13
Speaker 2: there's going to be quite a bit of a build
35:16
Speaker 2: out and an incentive piece that's going to allow people
35:20
Speaker 2: to start getting comfortable using it. I think that changes
35:23
Speaker 2: in one big way when you start to see actual
35:26
Speaker 2: large financial institutions getting involved in this asset class. Their
35:31
Speaker 2: decision making process is going to be a lot different
35:34
Speaker 2: than end retail users. Compliance is going to be of
35:37
Speaker 2: the utmost importance and is so as handholding. And I
35:40
Speaker 2: think that's where Ripple plays a very interesting role in
35:43
Speaker 2: this entire thing, where they're able to build out a
35:46
Speaker 2: lot of these structured products starting from custody, going to payments,
35:50
Speaker 2: going to prime broker services, all on the backs of ROLUSD.
35:55
Speaker 2: So I think right now we're kind of in niche
35:57
Speaker 2: retail adoption of defying. Where we're headed is large institutional
36:03
Speaker 2: DeFi on a wholesale kind of level, and that's where
36:06
Speaker 2: I think r l us D and Ripple are going
36:09
Speaker 2: to play a very important role. I just think we're
36:11
Speaker 2: a lot earlier to that adoption cycle than you're going
36:15
Speaker 2: to see for more of retail can figure out whatever
36:18
Speaker 2: they can do with these assets.
36:20
Speaker 1: Yeah, let's get into the last couple of questions I
36:22
Speaker 1: want to hit on. One is the future Verse. Obviously
36:25
Speaker 1: their acquisition of Candy Digital all of this, because it
36:29
Speaker 1: gets into a ton of IP there. You've got MLB, Netflix,
36:33
Speaker 1: you know, WWE, Nascar, all that, Dcent comics even are
36:37
Speaker 1: available now. So that's future verse is an ecosystem that
36:42
Speaker 1: is fueled by Ripple, by XRP in essence So what
36:46
Speaker 1: are your thoughts on that. Do you feel like this
36:48
Speaker 1: is is a huge deal or do you feel like
36:51
Speaker 1: at some point we're going to see some pretty amazing,
36:54
Speaker 1: you know, solutions. I'm just looking at right here at
36:58
Speaker 1: candy dot Io you can kind of see all this.
37:00
Speaker 1: I'm just amazed that this is now available within the
37:03
Speaker 1: Future Verse platform. What do your thoughts?
37:05
Speaker 2: No, that's really cool, And to be completely honest with you,
37:08
Speaker 2: I actually didn't even know that acquisition took place. I
37:11
Speaker 2: will say one thing about gaming in Future Verse. It's
37:15
Speaker 2: it's an all or nothing sort of thing for me
37:18
Speaker 2: when it comes down to success. Like I'll tell you,
37:21
Speaker 2: as someone who used to be pretty avid into playing
37:24
Speaker 2: video games and stuff like, there's so many video games
37:27
Speaker 2: you'd go play and you get on and you're like,
37:29
Speaker 2: this looks like the dumbest game ever. This is never
37:31
Speaker 2: gonna like blow up. And then this game like even
37:34
Speaker 2: like I remember when Fortnite launched or Rocket League, like
37:37
Speaker 2: these games that seem so silly end up taking off.
37:40
Speaker 2: And then you see these other games that are intricately
37:42
Speaker 2: built and so complex, right, and no one plays them.
37:45
Speaker 2: They don't get a single user. So I think that's
37:47
Speaker 2: a little bit of one of the tough things for
37:49
Speaker 2: me when it comes to the metaverse, like the Future Verse,
37:52
Speaker 2: not that I don't think they're doing an outstanding job,
37:55
Speaker 2: which they absolutely are, but just figuring out right, like
37:58
Speaker 2: what's gonna be that thing to cause those users to
38:01
Speaker 2: come flooding in, because, in my opinion, is very unpredictable.
38:05
Speaker 2: That's been one of the biggest problems with a lot
38:07
Speaker 2: of the crypto gaming sector so far. It's like, Okay,
38:11
Speaker 2: we built all these things, but to get people to
38:14
Speaker 2: come use it, it sometimes doesn't really make a lot
38:17
Speaker 2: of sense forward looking on what people are going to
38:20
Speaker 2: enjoy and have fun with. So I certainly think they're
38:23
Speaker 2: doing an excellent job and been monitoring the progress. I
38:26
Speaker 2: think they're giving themselves an excellent chance to garner that
38:29
Speaker 2: mass adoption. I think this is a great example of it.
38:32
Speaker 2: But it's one of those things that continually amazes me
38:35
Speaker 2: what humans in general tend to latch onto when it
38:37
Speaker 2: comes to their form of entertainment.
38:39
Speaker 1: And let's not forget that Future Verse had their proposal
38:42
Speaker 1: approved on upgrades on the Render network as well, so
38:46
Speaker 1: this is all leaning into a very positive play for
38:52
Speaker 1: Future Verse for sure.
38:53
Speaker 2: Hey, I think they're doing a great job of branching
38:55
Speaker 2: out sideways and rather than only trying to get people
38:59
Speaker 2: in the ex RP ecosystem up, really spreading out and
39:03
Speaker 2: bringing more people into the x RP ecosystem by leveraging
39:08
Speaker 2: different channels.
39:09
Speaker 3: And I think this is an outstanding example of that.
39:12
Speaker 1: Connor, what do you think is gonna happen at the
39:14
Speaker 1: Vegas event? You've got XRP Las Vegas coming around the corner.
39:17
Speaker 1: It's possible. Are you gonna be there, by the.
39:18
Speaker 2: Way, Oh yeah, I'll absolutely be there. I went last
39:22
Speaker 2: year as a blast yourself.
39:24
Speaker 1: Okay, yeah, I'm gonna be there. So we're going to
39:27
Speaker 1: be actually doing some sessions and also recording a couple
39:31
Speaker 1: of questions. Though, do you think I know David Schwartz
39:33
Speaker 1: is speaking there. I don't know if Gardener House has
39:35
Speaker 1: said that he's going to show up or not. But
39:37
Speaker 1: do you think Ripple will announce anything at this event?
39:42
Speaker 2: I think it's very possible they do announce something. Now,
39:45
Speaker 2: in terms of what they announced, I have no idea.
39:48
Speaker 2: I know last year it was kind of right around
39:51
Speaker 2: when ROUSD was first becoming a thing, and that's what
39:55
Speaker 2: they announced there. I also do know there is a
39:58
Speaker 2: lot of smaller announcement in terms of the case and
40:03
Speaker 2: just like a lot more of an intricate look at
40:05
Speaker 2: everything moving on the back end. I do think there
40:09
Speaker 2: probably will be an announcement of some sort, but what
40:12
Speaker 2: exactly that is, I'm not sure. My guess would be
40:15
Speaker 2: something around hidden Road and something they're planning on doing
40:19
Speaker 2: or something of that magnitude, but I'm not entirely sure.
40:24
Speaker 2: I'm really excited to see what potentially we'll be talked about.
40:28
Speaker 1: Well, guys, it's going to be a big event. It's
40:30
Speaker 1: happening in about a month, about a month and a half,
40:32
Speaker 1: I guess now. It's the end of May out in
40:35
Speaker 1: Las Vegas during the Bitcoin week. Light Coin is going
40:37
Speaker 1: to have an event that same week, so a lot
40:40
Speaker 1: of people will be there. So this would be the
40:42
Speaker 1: time to do something big if you were a project
40:47
Speaker 1: and or an organization that wanted to get a lot
40:48
Speaker 1: of splash. For sure. Connor, it's been great having you
40:51
Speaker 1: on today, man, thank you so much for coming in.
40:54
Speaker 1: We appreciate it.
40:55
Speaker 3: Yeah, no, thank you so much for having me.
40:57
Speaker 2: I feel like this was long overdue and always a
40:59
Speaker 2: big fan of everything you're doing and helping out the
41:01
Speaker 2: XRP ecosystem. So happy to come on. I had a
41:04
Speaker 2: blast and looking forward to doing it again soon.
41:07
Speaker 1: All right, guys, if you're not in the Diamond circle,
41:09
Speaker 1: get in right now. This is our own private group
41:11
Speaker 1: and you guys can join for free. It's very easy.
41:13
Speaker 1: We send out a custom email to you guys, getting
41:15
Speaker 1: you kind of an insight to what's happening in the marketplace.
41:18
Speaker 1: A lot of my insights go into that email each week,
41:21
Speaker 1: and guess what. You can also join our telegram community,
41:24
Speaker 1: which is absolutely free. There's a link down there as well.
41:27
Speaker 1: We only have one, so don't fall for these fakes
41:29
Speaker 1: that are out there. Only one. Use the link always
41:32
Speaker 1: in our videos that'll get you in. Follow me on
41:34
Speaker 1: x We'll catch you next time right here on Techpath.