RIPPLE XRP THEY'RE LYING TO YOU | DON'T GET TRAPPED!
Summary
TLDRIn this video, Nick discusses the recent consolidation and collapse of banks in China and the U.S., and how it signals the shift to a new financial system. He critiques BlackRock's sudden endorsement of Bitcoin, suggesting it's a distraction and a retail trap. Instead, he emphasizes the potential of tokenization and Ripple's XRP as the future of finance. He highlights regulatory progress, the inefficiencies of Bitcoin, and the importance of scalable technologies like XRP Ledger. Nick concludes by urging viewers to join his free Discord for valuable insights and updates on crypto trends.
Takeaways
- 📉 The banking system is collapsing and consolidating, leading to the rise of a new financial system.
- 🏦 US banks are at risk of failure due to issues in real estate, reminiscent of 2008.
- 💬 The BlackRock CEO has shifted from being a skeptic to a believer in Bitcoin as a legitimate financial instrument.
- 📉 Bitcoin is seen as a hedge against currency debasement and economic instability.
- 📈 There is a push for Bitcoin and crypto investments, driven by financial institutions like BlackRock.
- ⚖️ The future of finance is heading towards tokenization, which will require scalable and efficient technologies.
- 🔍 Bitcoin's market dominance is decreasing, and its role in the market is being questioned.
- 🔄 Ripple's XRP and its technology are positioned as key players in the future of financial tokenization.
- 🌐 Global financial systems are preparing for crypto regulations and tokenization to enhance efficiency.
- 💡 The XRP Ledger is highlighted as an efficient, reliable, and scalable technology for future financial use cases.
Q & A
What recent event in China is discussed in the video?
-The video discusses the disappearance or collapse of 40 banks in China within one week.
What is the overall theme of the video's discussion?
-The overall theme is the collapse of traditional banking systems and the rise of a new financial system, with a focus on cryptocurrency and asset tokenization.
Why does the speaker mention BlackRock's CEO in relation to Bitcoin?
-BlackRock's CEO is mentioned because he has changed his stance on Bitcoin, now viewing it as a legitimate financial instrument, despite being a skeptic five years ago.
What is the speaker's opinion on Bitcoin's role in the market?
-The speaker believes Bitcoin is being pushed as a narrative by big players like BlackRock for their own financial gains and that it is the biggest retail trap. He suggests that altcoins are more lucrative investments at the moment.
What key concept does the speaker believe will drive the future financial system?
-The speaker believes tokenization will drive the future financial system, with asset tokenization growing significantly in value by 2030.
What are some challenges to the mainstream adoption of tokenization mentioned in the video?
-Challenges include the lack of special-purpose vehicles, the need for cross-chain protocols, limited liquidity, and the need for simplified tokenization processes.
How does the speaker view the role of regulations in the new financial system?
-The speaker views regulations as essential for sustainable growth and believes that public and private collaboration along with improved policies are necessary for the full potential of tokenization to be realized.
Which regions are actively working towards crypto and tokenization regulations according to the speaker?
-Regions actively working towards these regulations include the UK, the UAE, Hong Kong, Japan, and Europe.
What is the speaker's perspective on Bitcoin compared to other cryptocurrencies like XRP?
-The speaker believes Bitcoin is inefficient and will be overtaken by more scalable and efficient cryptocurrencies like XRP, which are better suited for the future financial system focused on tokenization.
What example does the speaker use to highlight the connections between Ripple and BlackRock?
-The speaker mentions individuals who have worked at both Ripple and BlackRock, such as Craig Phillips and Robert Mitnik, to highlight the connections between the two companies.
Outlines
🌐 Distraction and the New Financial System
In this paragraph, Nick introduces the topic of the video, highlighting the distraction caused by the banking system's consolidation and the emergence of a new financial system. He references a previous video discussing the disappearance of 40 banks in China and the potential failure of hundreds of US banks, linked to the real estate market. Nick encourages viewers to join a free Discord community for valuable information and resources. He also addresses the narrative pushed by Black Rock's CEO about Bitcoin, suggesting that it's being promoted as a financial instrument to hedge against currency debasement and economic uncertainty. The paragraph concludes with a critical view of Bitcoin's role in portfolios and its potential misuse.
💼 Bitcoin's Role in the Financial Collapse
This paragraph delves into the role of Bitcoin in the context of a financial collapse. Nick discusses the mainstream media's portrayal of Bitcoin as a safe haven, questioning Black Rock's sudden interest in cryptocurrency. He argues that Bitcoin is being pushed as a retail scheme, highlighting its dominance in the market and the potential for a massive selloff. The paragraph also touches on the decline in Bitcoin's market dominance since 2014, suggesting that its value as a store of value and escape from the traditional system may be overstated. Nick emphasizes the need to look beyond Bitcoin and consider other cryptocurrencies that might offer better investment opportunities in the current cycle.
🏦 Tokenization and the Future of Finance
In this paragraph, Nick shifts the focus to tokenization, discussing its potential to revolutionize finance. He references a report by Ripple that projects asset tokenization could grow to a $16 trillion market by 2030. The paragraph outlines the benefits of tokenization, such as improved efficiency and data protection, and the challenges that hinder its adoption, including regulatory issues and the need for cross-chain protocols. Nick also highlights the UK's efforts to develop a regulatory framework for crypto tokens and digital assets, suggesting that tokenization is the goal for the new financial system. He contrasts Bitcoin's inefficiency with the potential of Ripple and XRP in the tokenization process, emphasizing the need for scalable and efficient technology.
🚀 Ripple's Vision for Tokenization and Payments
This paragraph focuses on Ripple's vision for the future of payments and tokenization. Nick discusses Ripple's managing director's statement about the company's focus on using XRP for on-demand liquidity and its potential applications in NFTs and tokenization. He highlights the World Economic Forum's prediction that 10% of the world's GDP could be tokenized by 2027. The paragraph also touches on Ripple's efforts to work with regulators and its belief in the importance of regulations in the crypto sector. Nick emphasizes the efficiency of the XRP Ledger for tokenization and financial use cases, positioning Ripple as a leader in the tokenization revolution.
📈 The Importance of Efficient Technology in Payments
In the final paragraph, Nick wraps up the discussion by emphasizing the importance of efficient technology in the payments industry. He highlights the XRP Ledger's long-standing reputation for reliability and efficiency, noting its 100% uptime and zero problems over the years. Nick suggests that major banks and payment companies are looking for the most efficient and trusted technology, and the XRP Ledger fits the bill. He concludes the video by encouraging viewers to like, subscribe, and join the free Discord community for more content, and to follow him on Twitter.
Mindmap
Keywords
💡Bitcoin
💡Banking System Consolidation
💡Financial System
💡Tokenization
💡Ripple
💡XRP
💡Asset Tokenization
💡Debasement of Currency
💡BlackRock
💡On-Demand Liquidity
💡NFTs
Highlights
Introduction of Nick and the channel, encouraging viewers to subscribe.
Discussion of 40 banks in China vanishing in one week, indicating a collapsing traditional banking system.
Encouragement to join a free Discord with crypto gems, market strategies, and charts.
Highlighting BlackRock CEO's change of stance on Bitcoin, calling it a legitimate financial instrument.
Bitcoin viewed as an instrument for when countries debase their currency or when people are frightened of their everyday existence.
Bitcoin's role as digital gold and its potential to provide non-correlated returns.
Discussion of Bitcoin dominance decreasing over the years, with a potential massive selloff imminent.
The potential shift from Bitcoin to altcoins as a focus for investors.
Analysis of BlackRock's motives for pushing Bitcoin, primarily for profit from trading ETFs.
Bitcoin's future as uncertain once regulations and utility-based systems become more prominent.
Introduction of asset tokenization as a significant future trend, with potential growth to $16 trillion by 2030.
Challenges hindering full potential of tokenization include lack of special purpose vehicles, cross-chain protocols, and limited liquidity.
UK's active work on boosting digital innovation with new framework for crypto tokens and digital assets.
BlackRock's mention of the SEC suing Ripple case, indicating awareness and involvement in regulatory aspects.
Ripple's On Demand Liquidity using XRP to settle payments and its potential in major financial corridors.
World Economic Forum's prediction of 10% of the world's GDP being tokenized by 2027.
Ripple's managing director highlighting the endgame of using blockchain technology and cryptocurrency to accelerate financial networks.
The importance of regulatory frameworks for the sustainable growth of tokenization and digital assets.
Ripple's focus on payments, nfts, and central bank digital currencies as key use cases for their technology.
The XRP Ledger's efficiency and reliability as a tested and trusted network for over 10 years.
Potential of XRP and the XRP Ledger to lead in the tokenization revolution and transform financial systems.
Conclusion encouraging viewers to like, subscribe, and join the free Discord for more content.
Transcripts
we are being distracted and majority of
the space is playing into it and we are
going to be talking about it in this
video Welcome to the channel everyone my
name is Nick for those that are new to
the channel hopefully by the end of this
video you do become a subscriber if we
take a quick look at my uh video from
the other day I discussed this 40 banks
in China basically Vanishing in one week
now what is the whole ordeal with these
Banks you know disappearing collapsing
well we're not only seeing the entire
banking system be Consolidated we're
also seeing the traditional system
ultimately collapsing and it's ushering
in a new Financial system I'm sure that
all of you are aware of that by now if
you have been watching the channel even
over here we have why hundreds of US
Banks maybe at risk of failure like this
is just in the last couple months I mean
this post was just the other day this is
July 11th this is from May and it all
has to do with real estate it's the same
morning signs of 2008 I strongly
encourage everyone to join the free
Discord there's going to be a link at
the top of the description below this is
one of the most valuable and informative
discords out there and it's completely
free there's a free s that has a ton of
free crypto gems free market strategies
guides market trends free charts and
there's also going to be new cheat
sheets Dropped In this Discord and
already we have a ton of testimonials
from members of the Discord that have
been absolutely loving it so what are
you waiting for go and click the link at
the top of the description below and
join the free Discord now why am I
bringing this back up why am I talking
about it right because we are being
distracted but by what well over here we
have a lot of fearmongering here by
Black Rock CEO while pedling the Bitcoin
narrative big shout out to subjective
views for this listen closely to this
now I I know you have been a leader in
willing to embrace crypto you have made
it so that people can be in Bitcoin we
hear that you are thinking about
ethereum these are incredible things how
now black rock is not known as a uh a
gun fer by any means so you obviously
must believe that this may be is an
alternative is this an alternative uh in
order to be able because of the a
deficit maybe something longterm people
should have absolutely um as you know I
was a skeptic
yes I you know I was a proud skeptic
that's
right and I studied it learned about it
and I came away saying okay you know my
opinion 5 years ago was wrong here's my
opinion St this is what I believe in
today I believe the opportunity today I
believe Bitcoin is legitimate I'm not
trying to say there's not bet misuses
like everything else but it is a
legitimate Financial instrument that
allows you to have maybe correlated
non-correlated type of returns I believe
it is an instrument that you invest in
when you're more frightened though it is
an instrument when you believe that Co
countries are debasing their currency de
debasing their currency by excess
deficits and some countries are I
believe we have um countries where
you're frightened of your everyday
existence and have you an opportunity to
invest in in a a something that is
outside your country's uh you know
control
then you can have more financial control
and so I'm a a major believer that there
is a role for Bitcoin in in portfolios I
believe you're going to see that as an
as one of the asset classes that we all
look at I look at it as digital gold as
I said before and I do believe there's a
a there's a there's a real
need for everyone to look at it as as
one alternative to I would say the
optimism that I have in the world if you
want to hedge hope Bitcoin is not a an
instrument for Hope unless you're
hopeful you're going to make a lot of
money on it but I I look at it as a
vehicle in which you're expressing your
your financial Acumen in something that
you're more frightened of the world
you're more frightened of your existence
and I believe there's a great industrial
use for it and and I think a lot of
people are missing that I couldn't agree
more I changed my mind about it when you
did you had been my thinking it was like
uh oh you don't believe it all I can't
believe it I want to thank Larry for the
message of optimism thanks and also for
a great quarter Larry is the co-founder
chairman and CEO of Black Rock I think
the most important Investment Company in
the world thank you thanks guys Carl now
let's take a quick step
back he's addressing the fact that
Bitcoin becomes very very lucrative when
you know we have de basements of
currencies we start to see the you know
traditional world around us kind of
we're we're betting on the collapse
basically if you are holding Bitcoin
you're trying to escape that collapse
this was the original view of Bitcoin
right but remember that this is on
CNBC it's on mainstream media you have
black rock who five years ago did not
care about
crypto why are we seeing the sudden push
for crypto now everyone can say oh well
it's because Larry think's very smart
knows that Bitcoin is a very great you
know vehicle to get away from the
traditional system let's be real here
the reason why BlackRock is pushing
Bitcoin is because they make a ton of
money off of individuals trading the
ETFs not only that but remember what I
have said about Bitcoin it is the
biggest retail scop out there we are
seeing Bitcoin being pushed pushed in
the middle of a cycle at a time where
Bitcoin
dominance is on the edge of a massive
selloff I have been outlining this for
weeks now we are still in this range
that by the way we have been in since
going back to April and we are just
waiting for this thing to break down we
are seeing Bitcoin being pushed at a
time where you should not even be
looking at Bitcoin you shouldn't even
care about Bitcoin
you should be looking into old coins
because Bitcoin is not going to make you
rich this cycle and I've outlined this
on multiple occasions but also the
number one thing to look at when it
comes to bitcoin is dominance I said
over on
X Bitcoin is the biggest scop pushed to
retail and nothing will change my mind
on that once the market doesn't rely on
bitcoin to move it anymore it will be
very interesting to see what happens
next and yes because although we're
still in a market heavily dominated by
Bitcoin right we have to still rely on
bitcoin to move the markets guess what
since going all the way back here to
2014 we can see that during the 2021
highs on bitcoin dominance dominance was
still down
26.2% even currently speaking it's down
45%
it has lost 45% of market dominance
since going all the way back to 2014
we're not even talking about since
Inception and also if we're talking
about this being the top here back in
April it is still down
42.7% from
2014 Bitcoin continues to lose share of
this market now obviously yes we have
more and more coins so you know Bitcoin
will continue to lose dominance but once
regulations come into the space and we
don't have to rely on bitcoin we're more
so relying on utility what's the
lucrative selling point for holding
Bitcoin outside of oh it's a store of
value it's an Escape From the
traditional system that can only be
touted so much that could only maintain
its value for so so long running on
those you know ideals what's the actual
value here and by the way as we really
look at what black 's goal here is
remember what their end goal is
tokenization they know that a new world
of finances coming they understand that
the traditional system is breaking it's
collapsing a new system is
rising who will the winners be is it
going to be Bitcoin no Bitcoin is not
sustainable for financial use cases
especially at scale when we're talking
about tokenization everything will be
tokenized you you need something very
scalable very
efficient for those types of financial
use cases this is why I say Bitcoin is
the biggest scop everyone loves Bitcoin
right now and it's because this Market
relies on it but at what point do we
have to step back and say what's the
actual value of Bitcoin what's the whole
point of holding Bitcoin if it's just to
kind of you know lead the way for this
for these Bull and Bear Cycles that's
not going to last forever so I do
question what's really going to happen
when Bitcoin is not moving the market
anymore and what happens once Bitcoin
does get flipped because that will be
the major point of interest for Bitcoin
because at that point we see how strong
Bitcoin really is in this market and
remember we already know one asset that
has really kind of flipped Bitcoin and
even
ethereum and that asset is
xrp even though it was for a small time
for bit coin it did flip Bitcoin now
just recently Ripple put out a report
it's asset tokenization today and
tomorrow this is from July 15th I went
over here and I summarized it with chat
jpt we have asset tokenization currently
valued at 3.5 billion could potentially
grow to 16 trillion by 2030 presenting a
huge Market opportunity however several
challenges are hindering its full
potential as discussed at the London
tokenization policy Summit hosted by
Ripple and Imperial College Business
Schools Center for financial technology
key insights from the summit highlight
the vast potential of tokenization such
as removing intermediaries improving
efficiencies ensuring data protection
and enabling real-time settlement use
cases include tokenized mortgages
Consumer loans property purchases and
enhanced Capital flows for smmes despite
these benefits mainstream adoption faces
obstacles like the lack of special
purpose Vehicles the need for
cross-chain protocols limited liquidity
and the need for simplified tokenization
processes to address these challenges
the focus should be on collateralization
valuation and secure pass Keys
establishing a robust regulatory
framework is crucial for sustainable
growth yet regulatory variance between
countries and gaps in digital asset
governance post significant hurdles
public and private collaboration along
with improved policies and understanding
of tokenization benefits are essential
the UK is actively working to boost
digital Innovation and compete globally
by developing a new framework for crypto
tokens and digital assets to
organization promises to enhance Global
Financial efficiency potentially
reducing the 5 to 6% of global GDP lost
annually to system friction achieving
its full potential requires a
coordinated effort involving Banks
traditional Finance players regulators
and continuous education and
collaboration now mind you yes the UK is
now officially ready to full on uh move
towards a regulatory framework with
tokenization and even crypto within this
full breakdown though on uh Ripple
website we could see the new Financial
framework like this is basically they
the new framework for the new system
like these these areas around the world
the UK uh the UAE even you know some of
the other areas like Hong Kong and Japan
like they are ready fully to push for
crypto regulations Europe with M was a
big deal and I told you guys that that's
going to accelerate the push even more
tokenization
is the goal everywhere this is going to
lead us down the path to the new
Financial system black Rock's CEO Larry
thinkink back in December of 2022 even
told us that the Next Generation for
markets is tokenization guess what that
is not Bitcoin Bitcoin is not you know
going to lead the way for tokenization
in fact Bitcoin will be tokenized on
other efficient networ works because
Bitcoin itself is very inefficient
everyone will say lightning Network
lightning Network guys it's a layer 2
Network that makes Bitcoin slightly
efficient but remember that the
lightning network is very vulnerable to
hacks exploits and it's not even
consistent and efficient so as we really
look at what's going on here focus on
the facts and
also remember that black rock actually
highlighted the SEC suing Ripple case
right we have black rock brought up the
example of the SEC suing Ripple and its
Executives over the sales of xrp in the
Years prior to the sec's action xrp's
market capitalization at times reached
over 100 billion however in the weeks
following the sec's complaint xrp's
market capitalization fell to less than
10 billion now they noted this but what
they were talking about was the
uncertainty around
regulations they were talking about how
we need not only to have Pro crypto
regulatory movements but they also
highlighted this in argument of their
bit Queen ETF which means they are aware
of the SEC they are aware of what Ripple
and xrp are doing they are they're also
aware of the SEC case but outside of
this as well remember over here they
fully broke down um you know xrp and
ripple and the case leading into this we
also have a few players from Black Rock
that also work at Ripple Craig Phillips
director at Ripple remember that he left
his um his leadership roles at Morgan
Stanley and black rock to join Ripple
also building on top of this remember
Robert mitnik yeah he works at Black
Rock he used to be a he used to work at
Ripple he was tied back to Ripple like
there's a lot of connections here Back
to Black Rock not only that but remember
Larry f being asked about an xrp ETF he
could not speak on that Brad
garlinghouse could not speak on that why
what's really going on behind the scenes
but regardless of you know if we're
talking about Bitcoin or not I think
that we're starting to see a much bigger
picture here or at least I am right
they're feeding the Bitcoin narrative
they're feeding the Bitcoin trap oh it's
Bitcoin it's Bitcoin jump into Bitcoin
or even ethereum right everyone is
forgetting about the focus of what
Ripple is trying to do with xrp back in
October of 2021 Mickey B fresh put out a
great video clip and this is actually
from bank xrp but we have Ripple
managing director of APAC and Mina
ripplet was built as Fiat payment
network but the endgame is using to turn
up on demand liquidity using xrp and
major corridors we see new use cases for
our technology and xrp around nfts and
tokenization the world economic Forum
says 10% of the world's GDP will be
tokenized by 2027 this is a focus of
mine as well it's just how big
tokenization will grow to in just the
coming years guys
tokenization is going to change
everything but this is where we start to
see the big Winners actually be realized
in this is where we start to see the
Antiquated Tech in this space get pushed
to the side because they cannot handle
the scale of how big tokenization will
be remember that you still need to
transact tokenized assets you need to
have all the friction of the traditional
World completely eviscerated how do we
do that we utilize technology like xrp
with ripple payments but check this out
this is really the endgame is what can
we do to turn that on with this
blockchain technology and cryptocurrency
to even accelerate that Network now this
is really the endgame is what can we do
to turn that on with this blockchain
technology and cryptocurrency to even
accelerate that Network so we have a
product called On Demand liquidity which
is effectively using xrp uh the digital
asset uh to settle between
members of the network between big
corridors on that Network and again do
so in a way that has been highlighted
today that we can track who sent it who
received it when did that happen
irrefutable in a way that's faster
cheaper and Greener and so we're really
excited about this we are doing this and
building a a big APAC headquarters in
Singapore because we happen to think
this is one of the great cities in the
world to do so um Talent standpoint
Market standpoint APAC is a huge uge
market for us um I also look after Mina
which is an incredibly important Market
as well and the two are linked as far as
trade flows and payment flows as you
would expect um we are importantly kind
of bringing it to this panel we believe
in doing this hand and glove with The
Regulators around the world we do think
that in this sector um that it's
certainly better to be regulated and to
have regulations that we can all play by
um and we need to put ourselves in the
way of regulators that are thinking in a
forward fashion about this and we
certainly with the Singapore is Japan
the UK Switzerland uh some of these
jurisdictions which is why we're betting
with people real estate um and our
business model here and the last thing
I'll I'll hit on uh because again the
topic today is largely around payments
and blockchain and uh digital assets
exciting I also think the nft game is
incredibly interesting um we do think
there's other use cases for our
technology uh for the digital assets uh
and that can be around Central Bank
digital currencies it can be around nfts
we we do think there's other use cases
for our technology uh for the digital
assets uh and that can be around Central
Bank digital currencies it can be around
nfts we actually believe and put a lot
of faith behind this world economic
Forum report that says that just a huge
per 10% of the world's GDP could be
tokenized by
2027 uh in some form or another and if
you really and remember that the world
economic Forum also predicted that
86 67 trillion now mind you this is back
in 2021 3 years ago
867 trillion will be
tokenized when we really look at what's
going on here we're seeing the evolution
of money of everything of value these
networks that will be leaders in the
tokenization
revolution they will be massive you've
probably heard the saying Ripple is
going to be like the new Amazon all
right that's Ripple okay outside of
Ripple let's actually focus on the
technology here The xrp Ledger The xrp
Ledger is extremely efficient it's
extremely efficient for tokenization
financial use cases retail use cases I
mean it is one of the leading networks
in the space it's one of the very few
networks in this space that's extremely
efficient and has been around for well
over 10
years The xrp Ledger is tested it's been
tested for so long 100% uptime zero
problems a lot of people Overlook that
but when you are a big name whether it
be you know major Banks like Bank of
America City JP Morgan does not matter
whether you are a major Bank a major you
know uh payments
company you are looking at at the most
efficient technology the best inclass
technology but the TR the most trusted
technology how long has it been around
how much has it been trialed how much
has it been tested and that's when we
look at how big the xrp Ledger and even
xrp could be because it's been around
for so long and it has it's one of the
most efficient networks in the space for
payments and payment use cases so with
that being said hope that you guys
enjoyed this video If you guys
definitely leave a like subscribe
notifications on more free content you
guys more follow me on Twitter and join
the free Discord in description below
and with that being said guys it's been
Nick thanks for watching peace out
浏览更多相关视频
Noticiario Semanal 🟡 NOTICIAS BITCOIN 🟡 18 de febrero
Bitcoin Forecast for September 2024 (based on astrology)
NEXT BTC & ETH LEG UP IS NOW!!!
Brace For Bitcoin Price Correction, Here's What's Next | iTrust CEO Kevin Maloney
The REAL Reason Why Blackrock is Buying Bitcoin
BITCOIN SMART MONEY JUST DID THIS OVER THE LAST 10 DAYS. PAY ATTENTION.
5.0 / 5 (0 votes)